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As of the end of 2023, production capacities for label papers will be extended at the Gratkorn mill in Austria. The double-digit million-euro investment in technological innovations, such as a new embossing calendar, will enable the modern paper mill to produce high quality wet-strength wet-glue label paper.
This is expected to result in a reduction of approximately 200 million board feet of production capacity.
New €5 million R&D centre at Mondi Steinfeld, Germany, to meet customers' growing demand for sustainable packaging solutions
Metsä Board starts pre-engineering for a new folding boxboard mill in Kaskinen, Finland. Metsä Board announced in May 2022 that it explores possibilities to increase folding boxboard capacity in Finland or Sweden in order to support its customers' growth and to strengthen its service capability.
More than 100 people are suing the Roseburg Forest Products Co. in Oregon for losses caused by the Mill Fire in Siskiyou County. Among them is a man whose mother died in the blaze.
The combination brings together two high quality timberland REITs resulting in PotlatchDeltic owning nearly 2.2 million acres of diversified timberlands, including 626,000 acres in Idaho and over 1.5 million acres in strengthening markets in the U.S. South.
Sylvamo, the world's paper company, is announcing it agreed to acquire Stora Enso's uncoated freesheet paper mill in Nymolla, Sweden, for 150 million euros (approximately $150 million) expected to be funded in cash, subject to customary purchase price adjustments. The agreement includes the mill, the strong brands it produces and the people who make it happen.
Community Relief Fund provides immediate payments from $50 million fund.
To strengthen its competitiveness and increase efficiency, Essity is today announcing the following changes to its organizational structure and Executive Management Team, valid as of December 31, 2022.
Upon the closing of the transaction, CatchMark common stock will no longer be listed on any public market.
Weyerhaeuser Company announced that as of this morning a work stoppage involving members of the International Association of Machinists and Aerospace Workers union is impacting its operations in Oregon and Washington. Weyerhaeuser has approximately 1,200 employees who are members of IAM, including employees in the company's Wood Products and Timberlands organizations.
Resolute Forest Products Inc. breaks ground on construction of new planer mill adjacent to Senneterre sawmill in Quebec, Canada. The planer, expected to be functional by the end of this year, will optimize fiber supply, enhance overall efficiency of the sawmill and reduce production costs for Abitibi regional operations.
New corporate headquarters will offer employees a high-performance workspace, inspire creativity and collaboration, and support growth ambition.
The transaction is part of Stora Enso's plan to divest four of its five remaining paper production sites as it shifts its focus to packaging.
Action Wood Solutions, established to purchase the business assets of Action Wood Technologies, Inc. in Michigan, has entered into an asset purchase agreement with the owners of Action Wood Technologies, Inc. The closing of this transaction will be dependent on the Committee on Foreign Investment in the United States (CFIUS) accepting the transaction.
Company plans up to $50 million community restoration fund for impacted residents
UPM Timber and Lassila & Tikanoja have established a new recycling concept, in which used plastic wrapping is picked up from the customers and recycled into new wrappings. The customers also receive a compensation for the recycling collaboration.
Ahlstrom-Munksjö, Metsä Fibre and 3M, with the help of Earthworm Foundation, continue their close collaboration in responsible wood sourcing. This year the partnership concentrates on the Kainuu region, Finland, where the different parties will conduct research on current forestry practices and future practices linked to Kemi Mill expansion in the area.
Around 6:30 a.m., the department was notified that a funnel disconnected spilling approximately 300 gallons of dry, combustible material. Crews said the funnel had been connected to a silo system that holds a product used to make glossy paper.
The company's Crofton mill employs about 585 full-time staff and previously faced a month-long curtailment in March 2020 due to a lack of wood amid a Western Forest Products strike.
Stora Enso Oyj said Thursday it has acquired Dutch corrugated packaging producer De Jong Packaging Group in a deal worth around 1.02 billion euros ($1.02 billion).
Where exactly the fire started remains a mystery.
In the suit, filed with Tokyo District Court, Nippon Paper Crecia demands that Daio stop making and selling similar products and pay ¥33 million in damages, the subsidiary of Nippon Paper Industries said Tuesday.
Product launched with the startup of the machine and patented by the Company is made 100% of eucalyptus and stands out for its sustainability attributes.
Huhtamaki has sold its operations in Russia to Espetina Ltd. Espetina is a holding company owned by Alexander Govor and Iury Kushnerov. The transaction includes four manufacturing units in Russia, employing 724 people. The Siberian businessman Alexander Govor recently bought the McDonald's former restaurants in Russia.
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