Recent Articles

SCA and St1 have entered a joint venture to produce and sell liquid biofuels. SCA will supply tall oil to the joint venture and will invest approximately SEK 0.6 billion in the company.

With our latest development we have managed to create climate-smart compounds that performs on a similar or even higher level in some cases, than traditional engineering plastics like ABS, PPGF and HIPS.

Pregis and Henkel recently joined forces to advance the development of sustainable protective packaging solutions that meet environmental goals and address future packaging requirements.

Glatfelter Corporation announced that effective immediately, it will increase prices for all Composite Fibers products by 12%, or as customer contracts permit.

Kemira has opened its new APAC R&D center in Pujiang Town, Shanghai, China, to meet rapidly growing market demand and accelerate efforts to develop renewable, biodegradable and recycleable products in the Asian region.

The new systems will have a total production capacity of 2.5 million tons per year and are scheduled to start up in 2022 and 2023.

Andritz has received a repeat order from Starwood Orman Urunleri Sanayi A.S. to supply the third complete fiber preparation system for its MDF production lines in İnegöl, Turkey. Start-up is scheduled for the end of 2022.

Toscotec successfully started up a TT SYD Steel Yankee Dryer at Cartiera Ponte d'Oro Ansalcarta in Villa Basilica, Italy. The new Yankee replaced an existing cast iron dryer installed on PM1 in 1993 by Officine Meccaniche Toschi, which was renamed Toscotec in 2003.

Valmet will supply a coated board making line and a bleached chemi thermo mechanical pulp (BCTMP) production line with automation solutions, as well as spare parts and consumables packages to one of its customer in Asia. The board making line with high productivity will produce very high-quality folding coated board grades.

Valmet will supply a high-capacity OptiWin Pro winder to Norske Skog's Golbey mill in France. The main target of Norske Skog Golbey is to have one winder to handle the 550,000-tonne capacity of the converted high-speed and high-capacity paper machine PM 1, following the paper machine conversion from production of newsprint to production of recycled containerboard.

Andritz has successfully started up a stock preparation system supplied to Vinda Personal Care (Guangdong) Co., Ltd., as part of its tissue production at the mill in Yangjiang, Guangdong, China. With this new line, there are now more than 20 stock preparation systems from Andritz operating in different mills belonging to the Vinda Group.

International technology Group ANDRITZ has received an order from Volga Pulp and Paper Mill in Balakhna, Nizhnij Novgorod Region, Russia, to supply a new OCC line as well as to convert its PM 6, a newsprint paper machine, to a packaging paper machine. Start-up is scheduled for the spring of 2023.

The historically strong box demand has led to a surge in OCC demand, which is why OCC prices are near historic highs.

Reported insider trading since the last issue of PaperMoney.

The new owners of the shuttered Ponderay Newsprint in Usk, Washington, have formally requested enough power to restart the mill and build what could be one of the largest cryptocurrency mining operations in the country.

Saica Group, a leading manufacturer of recycled paper for corrugated board, recently announced it will be investing $800 million in the U.S. market, growing through strategic acquisitions or new plant construction during the next five years. This growth follows last year's announcement of Saica's first U.S. corrugated plant in Hamilton, Ohio, scheduled to open in early 2022.

Metsä Group is planning to construct a new Kerto LVL mill on its expanding mill area in Äänekoski, Finland. The final decision on the investment, the value of which is approximately Euro 200 million, is pending the completion of a local detailed plan for the area. The new Kerto LVL mill is expected to use around 375,000 m3 of log procured from Finland.

RR Donnelley issued notice it would permanently close its Lewisburg plant in November, with an estimated 70 employees losing jobs.

The Carlyle Group has consulted banks about either selling or taking Novolex public in a deal that would value the South Carolina-based packaging company at around $6 billion, news outlets reported.

Roger Stone, who built his family's paper firm into a $6 billion industry leader through leveraged acquisitions that ultimately forced its sale, died Sept. 12 at his Lake Forest home, according to his daughter, Karen Stone Kaplan. He was 86 and had been in failing health.

Ahlstrom-Munksjö announced it plans to temporarily idle No. 8 paper machine in December 2021 at its Rhinelander mill. It will also idle its No. 20 supercalender and No. 21 rewinder in July 2022.

Södra's sustainable timber construction business is expanding - all the way to Denmark. Södra already operates in Denmark but is now establishing a new position in CLT across the country and expanding the existing business.

Paper Excellence has allocated $550 million in capital investments to refurbish and upgrade the facility.

Worker was charged with attempted murder, aggravated assault with a firearm, false imprisonment and improper exhibition of a dangerous firearm

Global Win Capital Corporation (GWCC) ultimately owned by Shanying International, announced the appointment of Michael Grimm as its new president and chief executive officer. Grimm assumes day-to-day leadership of the North American business unit and underlying investment in North America which includes Phoenix Paper Wickliffe LLC. Mr. Grimm brings more than 30 years of relevant manufacturing experience to his new role.