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BillerudKorsnäs announces the completion of its acquisition of Verso for a purchase price of approximately USD 825 million in cash. Verso is a leading producer of coated paper in North America, with 2021 net sales of USD 1 278 million and adjusted EBITDA of USD 223 million.
The Paperworkers' Union announced today that the strike at most UPM's Finnish mills will continue until 30 April 2022, unless new collective labour agreements are reached before that.
It is anticipated that the reduced operating schedules will impact production capacity by a minimum of 100 million board feet.
The mill is scheduled to close for good May 27, according to an email sent Monday by Graphic Packaging International Human Resources.
According to a news release Tuesday afternoon, Verso has received all necessary approvals to complete the merger.
The facility will be part of APRIL's operations in Riau province and have the capacity to produce 1.2 million tonnes of folding box board annually that is fully recyclable and biodegradable.
Canfor Pulp Products Inc. is announcing a minimum six-week extension of the curtailment of BCTMP production at Taylor Pulp due to the ongoing transportation shortages that have resulted in continued high finished product inventories at the pulp mill.
Stora is looking for buyers for its mills in Finland's Anjala, Germany's Maxau and Sweden's Hylte and Nymolla, while planning to keep its mill in Langerbrugge in Belgium.
OLCV subsidiary 1PointFive establishing sequestration business to build first in a series of hubs to permanently store carbon emissions.
This transaction brings together two organizations with highly complementary technologies, geographies and product portfolios in specialty materials. The combined company will capitalize on powerful megatrends with strong positions in large, growing categories including Filtration, Healthcare & Wellness, Protective & Adhesive Solutions, Industrial Solutions, and Packaging & Specialty Paper.
Survey cites preference for well-marked recyclable items, need for clearer directions.
If you remember, Chatham also sent multiple letters to RR Donnelly.
Huhtamaki's site in Alf, Germany is switching its focus from plastics to smooth molded fiber (SMF) products to meet the growing demand for plastic free alternatives for food packaging. In 2022, the unit plans to replace more than 2.000 tonnes of plastic with fiber. Huhtamaki's state-of-the-art automated manufacturing site will have the capacity to manufacture up to 3.5 billion fiber products annually. This represents the first such large scale production capability in Europe.
The Nordic Swan Ecolabel Indicates a Product Meets Responsible Environmental Requirements
Paper Excellence Group is seeking as much as US$400 million from the sale of a British Columbia pulp mill, people with knowledge of the matter said, as it works to satisfy the Canadian competition regulator's requirement for its US$3 billion acquisition of Domtar Corp.
Mondi is investing Euro 280 million in Corrugated Packaging operations across four countries. This includes around Euro 185 million across its central and eastern European Corrugated Solutions plant network and Euro 95 million at Mondi Świecie's containerboard mill in Poland. These investments together represent an important part of Mondi's announced Euro 1 billion in expansionary capital investment projects this year to accelerate growth in sustainable packaging.
More than $150 million worth of environmental upgrades were announced by Irving Pulp & Paper, Limited this week. The proposed upgrades include a new environmental treatment facility, as well as a cooling water heat exchanger and pumphouse closer to the mill.
A 44-year-old maintenance worker died when a machine he was working on re-engaged Friday, March 18, at Pactiv Evergreen/Evergreen Packaging in Pine Bluff, Arkansas, said officials at the Jefferson County sheriff's office.
Company will sell the remaining inventory of Mohawk Renewal Straw to depletion without replenishment.
This was the mill's second blaze in as many months, although it was not as severe as the Jan. 22 fire that wrought $500,000 in damage, according to the East Jefferson Fire Rescue report.
Amcor, a global leader in developing and producing responsible packaging solutions, issued the following message from its CEO, Ron Delia, to its global workforce on the ongoing conflict in Ukraine and the company's operations in the region.
Upon completion of the conversion, both the machine and the mill will have increased annual manufacturing capacity. The B26 machine will have capacity for over 500,000 short tons of packaging paper, and the mill, in total, will have capacity for over 800,000 short tons.
In the meanwhile, the conciliator will continue the conciliation with the Union and with UPM's other businesses.
Board determines that Chatham proposal is not in the best interest of the Company and its stockholders.
Norske Skog ASA said that its Bruck paper mill in Austria will gradually resume production Monday, March 21, following its March 9 decision to introduce temporary downtime as unprecedented energy prices made operations unsustainable.
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