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DS Smith has completed acquisition of packaging company, Bosis doo. With the acquisition of Bosis doo, DS Smith's total packaging operations in Eastern Europe will comprise 30 box plants and additional facilities, employing more than 7,000 people in the region.
The Tlowitsis, We Wai Kai, Wei Wai Kum and K'ómoks First Nations (the "Nations," all member First Nations of the Nanwakolas Council), and Western Forest Products Inc. ("Western") announced the completion of the previously announced agreement for the Nations to acquire a 34% interest from Western in a newly formed Limited Partnership for $35.9 million.
Police reports filed in the wake of a March 8 fatality inside the Georgia-Pacific paper mill in Camas, shed light on what may have happened in the moments leading up to the death of 32-year-old mill employee Dakota Cline.
Ahlstrom, the global leader in masking and packaging tape base papers, has finalized an investment to upgrade and convert a paper machine in its Thilmany plant in Wisconsin, USA, to produce stretchable creped base papers for masking tape and is now ramping up the production. The new investment adds a crepe paper production capacity of 30,000 tons per year.
Four contract workers were injured in the incident that created a 'fireball' at the mill on Friday.
According to Longview Fire Department Fire Marshall Jon Dunaway, a fire was reported around 9 p.m. in a conveyor belt system. The damage was limited to the system, and no injuries were reported.
The Greensville Volunteer Fire Department says a large fire resulted from an explosion at the Georgia Pacific facility in Emporia.
Holmen's Board has decided to invest SEK 1.5 billion ($142 million) in the construction of Blisterliden Wind Farm in Skellefteå Municipality, Sweden. As part of Holmen's drive to develop its renewable energy business, the investment will boost hydro and wind power production by 20%.
The proposal comes less than three weeks after DS Smith reached an in-principle agreement with its UK-listed rival Mondi, which made an all-share takeover offer valuing DS Smith at 5.14 billion pounds.
The cash funded at closing consisted of the previously announced transaction value of $538 million, plus $38 million for a ticking fee that compensates the seller for earnings that inure to Greif, other customary debt/cash adjustment items, and FX impact.
The order value amounts to just over SEK 1.5 million ($141,242). Training of the customer's staff is included in the price, but costs for commissioning are added.
A gas explosion occurred at Metsä Group's Kemi bioproduct mill in the evaporation plant during welding work on Thursday 21 March 2024. Three people were slightly exposed to hydrogen sulphide and were referred for a health check. The persons have returned to work after the check-up.
The change negotiations will start in week 15 and will involve the entire workforce of the Kemi bioproduct mill, around 300 people in total.
Mondi is committed to reducing water use and increasing water recycling in its operations. A great local initiative on reducing water use comes Mondi's Stambolijski mill in Bulgaria.
Mondi, which produces sustainable packaging such as paper wrappers and envelopes, finalized its purchase of the pulp and paper mill last month for $5 million.
ND Paper says it is making some changes to its mill in Rumford due to "challenging market conditions."
Finnish forestry firm Stora Enso on Friday said it would start fully ramping down its Imatra and Oulu mills on Sunday due to ongoing political strikes that are hitting ports and transportation in Finland.
Billerud will keep and continue to operate its Wisconsin Rapids converting facility and the 130 employees at that site and will sell the idled mill and related assets to Capital Recovery Group, the company said in a Thursday news release.
Roseburg Forest Products will be shutting down its Missoula facility later this Spring. The company has announced it "will permanently end operations" at the particleboard plant on May 22.
Production at the Rauma, Vilppula, Renko and Lappeenranta sawmills will stop on Friday 22 March. The production of board mills in Simpele, Kyro, Tako (Tampere) and Äänekoski is expected to stop on Monday 25 March.
Essity has completed the divestment of its entire holding of 51.59% of shares in the Asian hygiene company Vinda International Holdings Limited (Vinda) for HKD 23.50 per share.
The pre-engineering has now been completed and Metsä Board has decided not to proceed with the investment in the Kaskinen folding boxboard mill.
Menasha Packaging Company, LLC, the largest independent, retail-focused packaging and merchandising solutions provider in the United States with a network of design centers, manufacturing plants, contract packaging, and fulfillment service centers, plans to infuse $70 million in capital into its Richmond, Indiana footprint as part of an ongoing U.S. network modernization initiative.
People living near New-Indy's paper mill in Catawba, South Carolina, say they've experienced health problems due to the plant's emissions.
Representing an important win in the bottleneck battle faced by Western Canada's resource industries, Buffalo Rail & Infrastructure Corporation ("Buffalo") is pleased to announce the $7 million acquisition of Canfor Pulp Products' pulp mill assets, including 300+ acres of heavy industrial land, in Taylor, BC.
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