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Unifor strongly condemns RYAM's statement, describing the move as "totally devoid of any human consideration."
Brazilian pulpmaker Suzano will maintain its capital discipline and would not make any move solely aimed at growing, as it is focused on adding value for shareholders, Chief Executive Walter Schalka said on Friday.
"There is no formal document or celebration of any agreement, binding or otherwise, by Suzano, nor any decision or resolution of its management bodies regarding the potential operation reported by the media," the company said in a filing.
Canfor has announced it is permanently closing its Polar sawmill in Bear Lake, B.C., shutting a production line at its Northwood Pulp Mill in Prince George, and suspending its "planned reinvestment" in Houston, B.C.
The sale price for the refund rights is $39 million with the opportunity for the Company to receive additional future sale proceeds contingent upon the timing and terms of the ultimate trade dispute outcome.
The company insists it is also focused on completing its previously announced combination with DS Smith, which offers a unique and highly compelling opportunity to create significant shareholder value above its base plan.
Brazilian pulp and paper company Suzano has approached U.S.-based International Paper to express interest in an all-cash acquisition that would be worth almost $15 billion, according to people familiar with the matter.
Clearwater Paper Corporation announced the successful completion of its strategic acquisition of the Augusta, Georgia bleached paperboard manufacturing facility from Graphic Packaging International, LLC. Terms of the acquisition were first announced on February 20, 2024.
Project aims to sell energy to N.B. Power, but no agreement yet.
Nine Dragons, Inc. (ND Paper) and Billerud Wisconsin LLC (Billerud) closed on an Asset Purchase Agreement, whereas ND Paper will own and operate Billerud's Wisconsin Water Quality Center (WQC) and associated landfill and F&E landfill assets.
Nine survivors of a deadly 2017 paper mill explosion in DeRidder, Louisiana have won a record $141 million award for the Middle District of Louisiana in a lawsuit filed after the fatal blast at the Packaging Corporation of America mill.
A Federal Court of Appeals revives a portion of a lawsuit accusing former Appvion officials of inflating the company's value before it went bankrupt. The lawsuit was filed in 2018 by Appvion workers that were involved in the company's Employee Stock Option Plan.
Once fully operational, the two new plants will employ approximately 120 people in the community where Roseburg was founded nearly 90 years ago.
Canfor Corp. says it has signed a deal with an affiliate of Domtar Corp. to buy its El Dorado lumber manufacturing facility in Arkansas for US$73 million.
Sappi Europe, a major producer of coated fine paper, recently announced the successful completion of the second phase of a three-part modernisation project at its Gratkorn Mill in Austria.
Kelly Trumbo, communications manager with International Paper, confirmed there was an incident on-site Wednesday evening where a team member was injured and transported to a local hospital.
Transaction further advances Twin Rivers' focus on core specialty papers business.
Rayonier Advanced Materials Inc. (RYAM) is announcing that, effective July 2, 2024, it will suspend operations at its Temiscaming High Purity Cellulose (HPC) plant for an indefinite period.
The temporary curtailments will impact all of Interfor's operating regions, including the US South, through a combination of reduced operating hours, prolonged holiday breaks, reconfigured shifting schedules and extended maintenance shut-downs.
CMPC has signed a deal with Brazil's southernmost state of Rio Grande do Sul to evaluate building a new pulp plant there, which would require $4 billion in investments, it said on Monday .
Firefighters were dispatched at 9:25 p.m. Monday to an area between the lagoon and the mill where 15 refrigerator-sized bales of cardboard were on fire, according to a Port Angeles Fire Department press release.
The Tennessee Department of Environment and Conservation has fined Domtar $64,650 for violating its water discharge permit multiple times in the months following startup of its new Kingsport recycled packaging facility.
Muskogee's largest private employer, Georgia Pacific announces a $50-million expansion at its port of Muskogee mill. This is a big deal not just for Georgia-Pacific - but also for the port and city where the company continues to make big investments.
Mativ Holdings, Inc. announced it has appointed Dr. Kimberly E. Ritrievi as Chair of the Board of Directors, succeeding Dr. John D. Rogers, who will continue to serve as a director of Mativ and will assume the role of Audit Committee Chair.
Suzano Ventures, the corporate venture capital arm of Suzano, the world's largest market pulp producer, is funding up to US$5 million for Canadian startup, Bioform Technologies.
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