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Stora Enso is of the view that the value in own use of the assets exceeds the achievable transaction value, and has therefore chosen to retain these operations within the Group.
International Paper Co. plans to close its Cleveland, Tennessee, production plant after 61 years and cut 115 jobs, according to a filing with the state.
The project would create over 400 new jobs and increase the UK's self-sufficiency in this market by 30 percent.
KP Tissue Inc. and Kruger Products Inc., Canada's leading tissue products manufacturer, are pleased to announce the completion of the construction of a new plant on a site adjacent to the existing Sherbrooke TAD facility and the successful start-up of their new double-width light dry crepe (LDC) tissue machine with a capacity of 60,000 metric tons.
Rayonier Advanced Materials Inc., a leader in High Purity Cellulose, announced that power has been fully restored to its Jesup, Georgia site and that the A Line has restarted operations. The A Line, which primarily produces cellulose specialties for use in filtration, food and pharmaceuticals, and tire cord, is currently operating at approximately 80 percent capacity, with an anticipated ramp-up to full capacity within a week. Repair work on the B line is ongoing and is expected to be completed with a restart on or around October 28.
International Paper says it plans to close its facility in Kansas City, Missouri, but did not say how many employees would be impacted.
Additionally, the Board and Paper Mills business unit will implement temporary layoffs lasting up to 90 days during the first half of 2025.
Huhtamaki is pleased to announce the commencement of smooth molded fiber (SMF) production at Huhtamaki's existing molded fiber facility in Lurgan, Northern Ireland. This expansion marks an important step in Huhtamaki's ongoing commitment to meeting the growing demand for sustainable packaging solutions.
According to state filings, the employees were notified on Oct. 10 of the closure and were informed layoffs will take place on Nov. 18.
Interfor Corp. is selling its three manufacturing facilities in Quebec and closing its corporate office in Montreal as the lumber producer plans to leave the province and focus on other parts of the company.
A lawsuit filed on behalf of recently-laid off employees at Willamette Falls Paper Company -- which was once the largest employer in the city of West Linn -- alleges that the company failed to give the employees due notice that they were losing their jobs.
International Paper confirmed Wednesday the company will cut about 650 total positions, including around 400 in Memphis. The company said it will provide severance packages, outplacement assistance and mental health resources to all affected employees.
John Baird, Chairman of Canfor Pulp Products Inc. Board of Directors announced that Stephen Mackie has been appointed President and Chief Executive Officer of Canfor Pulp effective November 1, 2024.
This 30,000-square-foot facility extends service to Eastern Canadian customers and complements an existing network of three factories and two other terminals that collectively service North America-based customers.
Stora Enso confirmed that it postponed its weekly supplier payments for a one-week period in both June and September 2024.
While the Company continues to assess the financial cost of the incident, the EBITDA impact is currently expected to be in the range of $15 to $20 million, subject to any potential insurance recovery. The Company will provide further updates on its third quarter earnings call in early November.
On October 11, 2024, at the Alberta Court of Justice, Mercer Peace River Pulp Ltd. (Mercer Peace River) was ordered to pay a $1 million fine after pleading guilty on September 4, 2024, to one count of violating the Fisheries Act.
The New York Stock Exchange will delist Enviva's stock by October 22, marking the final chapter in the company's dramatic fall from a market value of nearly $6 billion in 2022. The wood-pellet producer's financial troubles arose from a failed bet on pellet prices, pushing the firm into bankruptcy and wiping out shareholders.
Ahlstrom, a leader in sustainable fiber-based specialty materials, has signed an agreement to divest its Aspa pulp mill in Sweden to Sweden Timber. The agreement includes the pulp mill and all its operations. This is a key step in Ahlstrom's growth transformation journey, reinforcing the company's strategic commitment to sustainable specialty materials.
As previously announced, upgrade increases Kraftliner production capacity by 55,000 tonnes per annum.
Metsä Wood, part of Metsä Group, plans to discontinue plywood production in Suolahti, Finland. The plan to end production at the Suolahti mill is based on its poor profitability.
In May, Stein filed the lawsuit against the mill's Illinois-based corporate owner, arguing Pactiv Evergreen violated the terms of the incentives grant and calling for the $12 million in state funds to be returned. The company shuttered the mill in May 2023 resulting in hundreds of layoffs.
International Paper and DS Smith continue to expect the Combination to close late in the fourth quarter of 2024, subject to regulatory clearance and other customary closing conditions.
According to EMA Director Donnie Ray, the fire spread when a digester, the main equipment for making chemical paper pulp, caught fire. As of Friday evening, there are still active flames in the digester which processes wood chips.
Pactiv Evergreen is suing the potential purchaser of its Canton paper mill property, trying to force the sale to completion and saying the purchase agreement remains legally binding.
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