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Combined company offers greater choice, innovation and sustainability through strengthened product offering, manufacturing expertise, and R&D capabilities.
Valmet is planning to cut about 1,150 staff globally including 395 in Finland, the company said in a press release on Monday.
This move is set to impact around 130 employees and is a strategic step in the company's broader plan to consolidate its recycled paperboard production.
Efforts are under way to revitalize the former International Paper mill site in Georgetown County, which closed at the end of last year, leaving more than 600 employees jobless and impacting hundreds of families and businesses.
Officials say no injuries were reported.
UFP Industries, Inc. announced its Deckorators® brand continues to expand market presence with the acquisition of a 30-acre site in Lackawanna, a suburb of Buffalo, New York.
Metsä Board Corporation's long-term CEO Mika Joukio has decided to step down from his CEO position as of 7 April 2025 in accordance with the agreement he has made with the Board of Directors of the company. The Board of Directors of Metsä Board Corporation has appointed Metsä Group's EVP, Strategy, Esa Kaikkonen (LLM, trained on the bench), as the new CEO of the company as of 7 April 2025.
The acquisition will add 480,000 metric tonnes per year of capacity to ITC's paperboards and specialty papers business, the company said.
Proceeds Being Used to Reduce Approximately $1.5 Billion in Debt
A truck driver was killed after strong winds from Sunday afternoon's storms caused his trailer and cab to overturn.
A Scarborough packaging plant plans to close its facility in the coming months, laying off 67 workers.
As a result, the transaction is now expected to close on April 1, 2025.
UPM Plywood and the Industrial Union have failed to reach an agreement on a new employer-specific collective agreement. The union today rejected the mediator's settlement proposal, and the five-week strike at UPM Plywood mills in Finland continues.
Kimberly-Clark's tissue manufacturing site in Koblenz, Germany is on track to move to 100% renewable energy by 2029.
Setra Group will make a transition from continuous production to periodic production of cross-laminated timber (CLT) and wood components at the facility in Långshyttan, Dalarna, Sweden. This adjustment, aimed at ensuring long-term financial stability, will result in layoff notices being issued to around 60 employees.
Last week, Rottneros issued a profit warning due to rising raw material prices, the world market's declining demand for mechanical pulp and an increasingly weaker dollar exchange rate. The Group is now giving notice of redundancy for 47 people, most of those affected are working at Rottneros Mill in Sunne.
Looking further ahead to 2027, International Paper predicts its free cash flow to be in the range of $2 billion to $2.5 billion.
The Euro 7.1 million investment completed with cutting-edge technology aims to elevate Saica Flex's operations and support the group's rapid growth, marking a pivotal milestone in the division's journey towards enhanced production and sustainability.
Crew says the fire was fully contained in about 80 minutes. No injuries were reported in the event of the fire.
U.S. President Donald Trump's tariff threat could motivate more Canadian lumber producers to shift to the U.S. southern border while accelerating efforts to find new markets, industry experts said.
Activists from Greenpeace Norden held up banners and played bird sounds through speakers to interrupt proceedings multiple times. They called on the company to adopt a clear and comprehensive policy ensuring that no wood from old-growth or natural forests is used in its products.
International Paper, the owner of the mill, also agreed to operational and inspection changes, employee training and recordkeeping improvements and potentially upgrades of a key incineration furnace that was the focus of regulators' concerns, according to the U.S. Environmental Protection Agency settlement.
Final preparations at the production site are ongoing, and the project budget remains unchanged.
Shreveport Fire Department (SFD) continued to rotate crews in and out every three hours Sunday (March 16), a day after a three-alarm fire involving 9,500 tons of paper erupted at a Pratt Industries recycling facility at the Port of Caddo-Bossier.
Stora Enso's new consumer packaging board line at the Oulu site in Finland has started production ramp-up. The first customer deliveries are expected in the second quarter of 2025.
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