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Deal represents a 33% premium to DS Smith's closing share price on Feb 7.
The company says the cessation of white paper production in in the Latrobe Valley contributed to the decision.
Through this expansion project, which received investments totaling $14.5 million and created 16 jobs, Kruger Products commissioned a new facial tissue converting line at its Richelieu Plant in November 2023. The additional equipment will increase the production of facial tissue by 25%.
The new Mumbai terminal, operational since February, will soon see the addition of another slitting machine. Its strategic central location extends UPM Raflatac's reach across the country.
UFP Industries' UFPI affiliate, UFP Packaging, inaugurated a new production facility and breakroom in Warrens, WI. The 11,840 sq.-ft. production facility and 2,400 sq.-ft. breakroom mark a significant expansion, allowing UFP Packaging to enhance its wood packaging offerings and accommodate up to 12 additional staff members.
The woodyard at Irving Pulp & Paper in west Saint John, New Brunswick, Canada, is reaching new heights in technological advancement with a C$110-million (approx. $81 million) project to update how the site receives and stores woodchips.
Mercer Mass Timber, a subsidiary of Mercer International Inc., announced the launch of its mass timber erection division: Mercer Mass Timber Construction Services.
Huhtamaki is planning to consolidate the production footprint in China in the Fiber Foodservice Europe-Asia-Oceania segment and will close its production sites in Tianjin and Shanghai by the end of Q2 2024.
Södra has decided to invest in a new condensing turbine in the pulp mill at Mörrum, which will increase the county of Blekinge's electricity generation by 20%.
On December 15, 2023, Essity announced that Isola Castle Ltd, a company indirectly wholly owned by Asia Pacific Resources International Limited (APRIL), has announced that it will make a pre-conditional public offer to the shareholders of Vinda International Holdings Limited (Vinda) to acquire the shares in Vinda for a price per share of HKD 23.50.
"We are excited to be partnering with Verso Energy on this endeavor"
Mondi, under UK takeover rules, has a 'put up or shut up' deadline of March 7.
Founded in 1946 by Thom Brawner, the Company has been a driving force in the paper and janitorial supply industry for over 70 years.
Company to upgrade fiber preparation line driving improved efficiency, sustainability and reliability.
The arrangement aims to further increase the flexibility of Metsä Group's wood supply. All Metsä Forest Eesti AS employees will transfer to the new owner's service as existing employees.
Tetra Pak announced that it will close its packaging material production in Jurong and consolidate the Singapore-based production into its other factories in the region.
The change negotiations concerning the Merikarvia sawmill of Metsä Fibre, part of Metsä Group, which began in January, have ended. After the change negotiations, the company decided to close down the operations of the Merikarvia sawmill by the end of June 2024.
SRM Concrete bought the 300-acre industrial parcel for $30 million. The company said this property fits the needs of their ready mix company which specializes in producing materials to make concrete.
The firm announced that its board approved Joao Alberto Fernandez de Abreu, current head of rail operator Rumo , as its new CEO, replacing Walter Schalka.
Three firefighters were evaluated for injuries.
The Fedrigoni Group announces the acquisition of certain assets of Mohawk Fine Papers, Inc., the company it entered into an industrial partnership with last September 2022 to strengthen the distribution of specialty fine papers in the North American market.
Suzano has signed an agreement with Japan's Mitsui & Co, focusing on the development of new bioeconomy businesses based on the potential of sustainable biomass.
The company said it "restarted the previously idled A62 paper machine in 2021 at a time when our North American customer base needed additional supply of uncoated freesheet paper," but now "demand for these products has reached a level that no longer requires this production capacity."
Veritiv Corporation, a leading specialty distributor of value-added packaging, facility solutions and print products and solutions, announced today that it has acquired Vivabox Solutions, a full-service provider of customized, premium marketing solutions including tailored, multi-brand kitting solutions and packaging products for global luxury and premium consumer brands.
International Paper is in the process of starting up its Riegelwood Mill after shutting it down due to a cyberattack, a company spokesperson said Thursday morning.
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