|
|
According to Klabin, the money will go towards the installation of a new recovery boiler with "cutting-edge technology."
Shares in the new entity, Smurfit WestRock, will begin trading on the New York Stock Exchange on Monday and will immediately join key US stock indices, including the S&P 500, the most widely-followed equities index in the world. The company will also retain a secondary listing in London.
Brazilian pulpmaker Suzano said it has terminated talks to buy International Paper, adding the U.S.-based firm did not engage with the highest price it was willing to pay.
McKinley Paper Company plans to lay off 193 employees at its Port Angeles location on Aug. 25.
A fire broke out at a South Macon paper mill Tuesday evening, June 25, after a tractor malfunctioned and caught on fire, according to Macon-Bibb County Fire Department's lead fire investigator Capt. Kyle Murray.
Ennis, Inc. is pleased to announce its acquisition of Printing Technologies, Inc. (PTI) located in Indianapolis, IN. Founded in 1994, PTI is a leading manufacturer of innovative media solutions used in all types of Printing Technologies including direct thermal, thermal transfer, ink jet, dot matrix and laser.
The Italian paper and packaging company Fedrigoni said it has acquired a majority stake in the Chinese company BoingTech, one of the major RFID (radio frequency identification) inlay and tag manufacturers worldwide with operations in China and Malaysia.
The transaction is expected to close in the second half of calendar 2024 and is subject to approval by Glatfelter shareholders and completion of the remaining customary closing conditions.
SCA has decided to take the lead ahead of the government report "The Value of Wind" (SOU 2023:18) by implementing its own compensation model, inspired by the report's proposals, for residents living near new wind farms developed by the company. The amount of compensation will be based on the distance to the turbine and the revenue generated by the turbine.
Unifor announces the conclusion of a historic agreement in principle between the employees at the Kruger facility in Trois-Rivières and the company's management, putting an end to the strike that began on May 30, 2024.
Södra is now establishing a new business to become a world leader in the production of kraft lignin. Södra's production facility will be the first commercial facility in Sweden and the largest of its kind in the world. This is an investment of over SEK 2 billion and expected to be in operation in 2027.
The Corner Brook paper mill was temporarily shut down in early April, after the provincial government issued an order under the Public Safety Act. Operations resumed later that month.
The U.S. packaging firm expects to achieve more than $100 million in synergies from the integration of Eviosys with Sonoco's complementary metal can business.
On Tuesday, DS Smith and International Paper announced that the waiting period under the Hart-Scott-Rodino Act has expired.
Two workers when to the emergency room over suspected exposure to hexavalent chromium.
James K. Irving, a titan in Canadian business and industry, passed away at the age of 96, leaving behind a legacy deeply intertwined with the economic and social fabric of Canada. Born into the esteemed Irving family, James, along with his brothers, John (known as Jack) and Arthur, were the sons of K.C. Irving, whose vision and enterprise laid the groundwork for one of Canada's largest and most diversified conglomerates, J.D. Irving Ltd.
Amazon is replacing plastic air pillows with recycled paper filler in North American packaging to address environmental concerns. The company has already replaced 95% of plastic air pillows in delivery packaging and aims for full removal by the end of the year, company said in a statement.
Sonae Arauco, one of the world's most relevant companies for engineered wood solutions, has transformed its first plant in Germany, the Nettgau site, into a digital plant, a format that provides an extensive and relevant set of data in real-time to support decision-making.
The repair work caused by the gas explosion in the mill's evaporation plant in March has been completed, and other annual maintenance work was done during the production shutdown.
London-listed shares in Smurfit Kappa rose on Wednesday after Bloomberg News reported that Smurfit WestRock, the company formed by a merger between the Irish packaging group and U.S. peer WestRock, will be included in S&P Dow Jones Indices's averages.
Clearwater Paper will invest $22.59 million in an expansion in Shelby that will create 13 jobs paying $60,769, on average.
Merger with International Paper moving at 'absolutely full steam' in face of separate interest from Brazil's Suzano.
Mondi has completed a €125 million investment project in its Kuopio mill, which will increase production capacity by 55,000 tonnes per annum while enhancing efficiency and improving environmental performance.
With a second e-boiler, Sappi takes a further step towards sustainability and advancing decarbonisation.
Mativ Holdings, Inc. announced it has appointed John K. Stipancich as an independent member of its board of directors, effective June 13, 2024, for a term of office expiring at the 2027 annual meeting. In connection with his appointment, Stipancich has also been appointed to serve on the Board's audit committee.
|
|
|
|
