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One Georgia-Pacific employee had to be treated at the scene, but that was the only injury according to officials.
Borregaard will co-invest with the European Innovation Council Fund and several other public and private investors in a direct offering of new shares in the Danish bioscience company Kaffe Bueno ApS. In total, Kaffe Bueno will raise EUR 6.2 million in new capital from the direct offering. After the transaction, Borregaard will hold 12% of the shares in Kaffe Bueno, with an investment of EUR 3 million.
Kronospan announced the closing of its purchase of Roseburg's Simsboro, Louisiana, particleboard facility following the expiration of the required regulatory review period. Ownership of the plant has been transferred from Roseburg Forest Products to Kronospan.
Chilean industrial conglomerate Empresas Copec announced on Wednesday that it has agreed to sell some of its forestry businesses to Brazilian pulp and paper company Klabin in a deal worth some $1.16 billion.
Rayonier Inc. announced the completion of its previously announced disposition of 55,000 acres of timberland in Oregon to Manulife Investment Management on behalf of clients for $242 million (~$4,400 per acre), subject to customary prorations and closing costs.
Resolute FP Canada Inc., a producer of wood, pulp, tissue and paper products, operates the Ignace Sawmill. On March 28, 2022, an industrial electrician was attempting to repair a photo-eye on a debarking machine.
Salinas Fire crews are cleaning up after a fire destroyed the Georgia Pacific Packaging building in South Salinas Dec. 15.
Mark Holbrook began his career 25 years ago with Scott Paper and continued to progress to more senior positions within Kruger Products.
Metsä Group is exploring possibilities to construct a carbon capture facility at one of its pulp or bioproduct mills. The investigation is a continuation of the work initiated in the spring, in which Metsä Group and Fortum jointly studied the capture of wood-based carbon dioxide and its use in the chemical industry and hydrogen economy, for example.
Cascades Inc., a leader in the recovery and manufacturing of eco-friendly packaging and hygiene products, announced that Alain Lemaire will step down from his role as Chairman of the Board of Directors at the Company's annual general meeting, to be held in May 2024, and that Patrick Lemaire will succeed him. Alain Lemaire will continue to sit on the Board as a director.
On Friday, his business group Royal Golden Eagle (RGE), unveiled an offer to take over Vinda International Holdings by buying shares in the Hong Kong-listed tissue maker at a premium price. Major shareholders of the company, Swedish personal care product maker Essity AB and Vinda's founder Li Chao Wang, who represent about 72.63% combined ownership in the company, have agreed to the offer.
Elgin, IL facility brings new capacity for sheets, brown shippers, and graphic packaging under one roof to support the company's growth throughout the Midwest.
Essity continuously evaluates its various businesses to increase long-term value creation. In the strategic review of Consumer Tissue Private Label Europe it was concluded that the business as a result of the implemented divisionalization, is a competitive and value-creating part of Essity.
Crews arrived to find the fire was spreading from the attic into the roof and a second alarm was declared.
Rottneros AB, one of the world's leading suppliers of first-class market pulp, is now investing in Blue Ocean Closures and becomes a co-owner of the Swedish start-up, developing proprietary fiber-based packaging materials.
Metsä Group has made its second Swedish investment in FineCell (FineCellOx AB), developer of the FineCell technology and producer of CellOx dry cellulose powder.
UPM has been listed as the only forest and paper industry company in the Dow Jones Global and European Sustainability Indices (DJSI) for the years 2023-2024. The indices cover environmental, social and governance aspects of responsibility.
Elopak has announced plans to build its first U.S. production plant with the latest state-of-the-art technology for better and more efficient production. The plant will produce Pure-Pak® cartons for liquid dairy, juices, plant-based products and liquid eggs. The new production facility will be located in Little Rock, Arkansas and is expected to start production in H1, 2025.
Two Southeast Asian paper makers, Royal Golden Eagle (RGE) and Asia Pulp & Paper (APP), have emerged as final bidders for Swedish tissue maker Essity's 52% stake in Hong Kong-listed Vinda International, three people with direct knowledge of the matter said.
Sean McLaren will succeed Ray Ferris as president and chief executive officer following Mr. Ferris's retirement at the end of the year. The board of directors has appointed Mr. McLaren to join the board of directors effective Jan. 1, 2024, in place of Mr. Ferris.
Pacific Bell Telephone Co. is suing an Oregon-based timber company, claiming negligence by Roseburg Forest Products Co. sparked the 2022 Mill Fire in Siskiyou County and cost the AT&T subsidiary more than $1 million in equipment losses as the blaze ripped through the community of Weed.
Anna Jonhed has been appointed CEO of Rottneros Packaging. She will take office during the first half of 2024 and will be part of the Rottneros group management.
Metsä Group's Kemi bioproduct mill is ramping up towards full capacity production and pulp deliveries to customers have started. It is planned to take approximately one year to reach full production capacity at the mill.
Fire crews made quick work of a fire at the Twin Rivers Mill in Little Falls on Thursday evening, Dec. 7.
VIDA AB, owned 70% by Canfor Corporation (TSX:CFP), announced today that it will invest approximately 700 million SEK (CAD$85 million) at its Bruza Sawmill in Hjältevad, expanding production from 175 million board feet to 240 million board feet.
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