Recent Articles

Transaction Represents 67th Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Sanitation Products

Mondi plc (Mondi), a global leader in the production of sustainable packaging and paper, has agreed to acquire the 250,000 tonne per annum Hinton Pulp mill in Alberta, Canada, from West Fraser Timber Co. Ltd (West Fraser) for a total consideration of USD 5 million.

Fire crews from Port Alberni, Cherry Creek, Beaver Creek and Sproat Lake fire departments took hours to put out a fire in the Paper Excellence Catalyst paper mill in Port Alberni on Friday, July 7.

Sappi Stockstadt Mill is an integrated pulp and paper mill located in Germany, producing 145,000 tpa of pulp which is used to produce 220,000 tpa of coated and uncoated woodfree paper mainly sold into the European print market.

Lead Fire Investigator Kyle Murray reports that the fire began at a power reactor outside the plant and Macon-Bibb County Fire crews were able to keep the blaze contained to that area.

The curtailment will affect about 450 workers.

Georgia-Pacific recently invested $120 million into Pineland Lumber in Pineland, Texas, making it the largest sawmill in the South.

Following the announcement on 15 December 2022 of the agreement to sell its three Russian packaging converting operations to the Gotek Group for a total consideration of RUB 1.6bn, Mondi plc ("Mondi") confirms that Gotek Group received all requisite approvals and the sale has now completed. Mondi has received net proceeds of €30.4m from this disposal into its Austrian bank account.

UPM has signed an agreement on the sale of the recovered paper sorting plant ASK Kinsau in Germany to the Fisel Holding GmbH & Co. KG, a recovered logistics and municipal waste disposal company.

Billerud has agreed with the investment company Mimir Group about a divestment of Managed Packaging, which offers packaging solutions to global brand owners. The transaction is expected to be completed during August 2023.

When should you arrive for an important meeting or video (or conference) call?

Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, close to 150 papermaking innovators and legends have been enshrined. This month, we profile Henry J. Rogers, John S. Van Nortwick and William M. Van Nortwick - Hearthstone Joint Induction, who were inducted into the Hall of Fame in 2020.

The PM40 closed Friday, 14 July 2023, at 5146.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 14 July 2023 up 5.2% from the 15 July 2022 level.

In this issue of Disconnected Comparisons, we evaluate Graphic Packaging and Weyerhaeuser.

Rottneros has entered into a new loan agreement with Danske Bank whereby its existing long-term facilities will be refinanced. The new facilities amount to a total of 250 million SEK divided into a term loan facility of 100 million SEK and a revolving loan facility of up to 150 million SEK.

The conversion project has been launched by the Heinzel Group, which will take over the Steyrermühl mill from UPM by January 1, 2024.

The new line will allow Norske Skog Skogn to change its raw material mix and thus reduce variable costs and the environmental impact of its operations, in particular NOx emissions, fossil CO2 emissions, and landfilled waste.

The system will process waste wood collected from the surrounding 150 kilometers as well as use the pulper and fibrous rejects from the paper mill process.

Valmet has entered into an agreement to acquire Körber Group's Business Area Tissue. The Business Area Tissue specializes in innovative converting and packaging technologies and services for the tissue industry.

Solenis, a leading manufacturer of specialty chemicals used in water-intensive industries, has completed its previously announced acquisition of Diversey Holdings, Ltd., effective July 5, in an all-cash transaction valued at an enterprise value of approximately $4.6 billion.

PM2 produces high-quality decor specialty papers.

It will replace the mill's two existing evaporation lines.

The systems are scheduled to start up at the end of 2024.

The upgrade will boost the line's capacity and improve the strength properties of the product.