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The purchase represents efforts to reclaim stewardship over their traditional territories.
Canfor Corporation announced the completion of the subdivision and sale of its Forest License in the Mackenzie Timber Supply Area (TSA) equally to the McLeod Lake Indian Band and the Tsay Keh Dene Nation.
Stora Enso has appointed Pasi Kyckling as acting CFO until Niclas Rosenlew starts in his position as new CFO. Pasi will hold the role of acting CFO from 1 November 2024 until Niclas joins Stora Enso, at the latest in January 2025. As announced in May, Stora Enso's current CFO Seppo Parvi will assume a role with a company outside of the forest industry.
A British Columbia First Nations leader says the province must rethink its approach to the forest industry in light of Canfor Corp.'s decision to shutter two sawmills and leave 500 workers without jobs.
Georgia-Pacific announced it is modifying lumber operations at two of its lumber facilities located in Camden and Prosperity, South Carolina. Over the next couple of months, these sites will be discontinuing lumber production from logs while maintaining plywood core sawing operations. The modification will not have an impact on Georgia-Pacific's plywood facilities located within the same complexes as these lumber operations.
The United Steelworkers union is calling Canfor Corp.'s decision to shutter two northern British Columbia sawmills a "kick in the gut" for workers who will lose their jobs, calling for the company to lose its forest tenure rights in the province.
Falah Hadi, 32, was identified as the worker killed Tuesday at Menasha Packaging in Alsip as he guided a semi-trailer into a loading dock.
Amcor, a global leader in developing and producing responsible packaging solutions, announced that its Board of Directors has appointed Peter Konieczny as Chief Executive Officer (CEO). Mr. Konieczny has served as Interim CEO since April 2024. The Board also intends to nominate him as a director for election at the Company's Annual Meeting of Shareholders which is expected to be held in November 2024.
Ahlstrom, the global leader in masking and packaging tape base papers, has initiated a feasibility study for investing in tape base paper saturation and release coating capability. The feasibility study evaluates the most suitable approach to deliver these capabilities, and the final decision is expected to be made shortly after the study is completed.
The American Paper Plate Coalition ("APPC"), representing the majority of American paper plate production, announced that the U.S. Department of Commerce (Commerce) has made preliminary affirmative findings in the antidumping (AD) duty portion of investigations involving paper plate imports from China, Vietnam and Thailand, and imposed preliminary AD duties up to 1039.05 percent.
Fred Stephan, previously President, Amcor Flexibles North America, has been appointed to the newly introduced role of Chief Operating Officer.
Canfor will indefinitely curtail one shift at its Darlington facility in South Carolina, and reduce operating hours at its Estill, South Carolina and Moultrie, Georgia locations.
Following a thorough review of operating conditions, including the persistent challenge accessing economic fibre, ongoing financial losses, weak lumber markets and increased US tariffs, Canfor Corporation announced the closure of its Plateau and Fort St. John operations located in northern British Columbia. These closures will impact approximately 500 employees and will remove 670 million board feet of annual production capacity from our BC operations.
Crews were able to contain the blaze before it got out of the building.
OPFD officials said that a conveyor belt carrying wood chips caught on fire.
Greif, Inc., a global leader in industrial packaging products and services, announced the opening of its new facility in Pasir Gudang, Johor, Malaysia. This significant milestone marks a new chapter in Greif's commitment to delivering high-quality packaging solutions while contributing to the local economy.
Containerboard production at Norske Skog Golbey in France is expected to start during the first quarter of 2025, previously the second half of 2024.
Sonoco Products Company, a global leader in high-value sustainable packaging, today announced that it has initiated a review of strategic alternatives for the Company's Thermoformed & Flexible Packaging ("TFP") business, a part of the Company's Consumer Packaging segment. Exploring alternatives for the TFP business is expected to accelerate Sonoco's portfolio simplification strategy, improve pro forma leverage and further increase shareholder value.
Veritiv, a leader in specialty packaging distribution, announced it has entered into a binding agreement with Orora to acquire the North American packaging and distribution business Orora Packaging Solutions (OPS). This strategic acquisition will further position Veritiv as a leading provider of value-added products and solutions in specialty packaging distribution in North America.
The negotiations covered the entire workforce of these two sawmills, a total of approximately 70 people in Lappeenranta and 100 in Vilppula.
Menasha Packaging, a leading provider of innovative packaging solutions, announces a groundbreaking investment in its North American preprint capabilities. With a commitment of over $50 million, Menasha is poised to revolutionize the preprinted graphic packaging space.
Stora Enso's internal investigation into the environmental violation in Hukkajokiin Finland, which was discovered on Thursday 15 August has been completed. The investigation was conducted with the assistance of an external legal expert. The violation is also subject to a police criminal investigation and is being investigated as a serious nature conservation crime.
Shares held by B&C Group were acquired for EUR 230 million.
Police collected an "AK47 style pistol," two loaded AK-style magazines and two loaded AR-15 style magazines. A manager told police that there were 75 employees present during the incident and a loss of $15,000 in wages.
The Waldo modernization and expansion project is a $131 million strategic investment that is expected to increase the mill's annual capacity by 85 million board feet, improve recovery by 6%, and reduce cash processing costs by approximately 30%.
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