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In the meanwhile, the conciliator will continue the conciliation with the Union and with UPM's other businesses.
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.
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.
Stora Enso is investing in the carbon neutrality of its Skutskär Mill in Sweden. This Euro 40 million investment takes the next important step towards a climate positive contribution by reducing power consumption and water utilization as well as enabling lowering the use of bleaching chemicals. The mill is already very close to being carbon neutral as it has achieved 99% fossil-free production.
Local authorities are investigating after an accident at Evergreen Packaging proved to be fatal Friday morning, March 18.
Veritiv Corporation, a full-service provider of business-to-business products, services and solutions, announced that it has signed a definitive purchase agreement to sell its Veritiv Canada, Inc. business to Imperial Dade.
Closure will be completed by the end of May 2022.
The 285,000 square foot expansion will add up to 50 new jobs by the end of 2023.
Chatham urges management and the Board to take seriously this suggestion to capitalize on the Company's strong liquidity while reducing gross debt and balance sheet risk.
A fire shortly after midnight on Wednesday, March 16, occurred at the Pixelle Speciality Solutions paper mill in Chillicothe in the area where wood chips are kept, according to officials.
About 190 employees will lose their jobs, but the company said those employees will be able to apply for other jobs in the company. That includes more than 100 new jobs that will be created with a $500 million expansion of the Broadway Mill in Green Bay. That expansion is for production of premium paper towels.
On March 16 the union announced a two weeks' extension to the strike at most UPM's Finnish mills, until 16 April 2022, unless new collective labour agreements are reached before that.
Canfor Pulp Products Inc. is pleased to announce the appointment of Kevin Edgson as President and CEO effective April 11, 2022.
The company said its board of directors has appointed Juan Carlos Bueno to succeed Mr. Gandossi as CEO and president, effective May 1, 2022.
US-based personal care company Kimberly-Clark has opened a new $100m state-of-the-art diaper manufacturing facility in Ikorodu, Nigeria, with the capacity to create over 1,000 direct jobs.
International Paper has no intention to seek suspension of operations or initiate any liquidation or bankruptcy proceedings with respect to Ilim Group.
Verso and BillerudKorsnäs now expect the merger to close in late-March or April of 2022.
Attorneys representing homeowners complaining about a foul odor coming from the New-Indy paper mill in South Carolina are frustrated with the EPA's lack of urgency.
The majority of operations at Columbia Pulp LLC will shut down for an undetermined length of time starting Friday, Feb. 18, while the young company works on developing a market for its unique product. Approximately 80 employees will be out of work, with a small staff continuing to handle daily business operations, though the company's interim CEO states this does not mean the pulp mill is going out of business.
MM has stopped all cartonboard deliveries to Russia.
The ban will affect the countries from 'unfriendly' states list recently released by Russia, including the U.S. and the EU countries. According to the Ministry of industry and trade of Russia, the ban will ensure the needs in the domestic market in affordable raw wood, as well as stimulate a further increase of wood processing within the country.
International Paper (IP), one of the world's leading producers of renewable fiber-based packaging and absorbent pulp solutions, is announcing another investment program worth 100 million MAD (10 million EUR) at its production facilities in Morocco for 2022. The investment comes in response to the continued increase in demand for corrugated packaging solutions.
UPM will suspend purchasing of wood in and from Russia as well as the UPM Chudovo plywood mill operations for the time being. The company is preparing a mitigation plan accordingly. UPM also informed on 3 March 2022 that it will cease deliveries to Russia.
Due to unaffordability of operations in the current energy environment, temporary downtime has been initiated at the Bruck paper mill in Austria.
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