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Shandong Huatai Paper decided to rebuild and modernize PM 11 in order to progressively convert newsprint production to high-quality graphic paper.

Valmet will build its fourth service center in China, in the city of Beihai, to further develop its local presence in the fast-growing pulp and paper industry in the Guangxi province. Valmet's new Guangxi Service Center will be in operation by the fourth quarter in 2023.

Kadant Inc. has completed its acquisition of Balemaster for $54 million in cash, subject to certain customary adjustments. Balemaster will become part of Kadant's Material Handling reporting segment.

ABB has been contracted by machine supplier Voith to deliver drives and electrification to support the build of SCA's new kraftliner machine PM2 at its Obbola mill in Umeå, Sweden.

The raw material is local wastepaper.

Valmet will supply a multifuel power boiler and auxiliary process equipment to Kipaş Kağit Sanayi Isletmeleri A.Ş.'s paper mill in Kahramanmaraş, Turkey. The new boiler will improve the reliability of the paper mill's steam and electricity supply. Additionally, its steam production capacity will be sufficient for the mill's future paper machine PM 4.

This approval means that Valmet´s climate targets support the Paris Climate Agreement's goal to limit global warming to 1.5°C and are based on the latest climate science.

ANDRITZ has received an order from Visy Pulp & Paper for a 243,000 m3 chip handling and storage system, including a Stacker Reclaimer RST360, for its Tumut mill in New South Wales, Australia.

Karl has been with Kadant U.K. for over 16 years supporting the fluid handling and doctoring, cleaning, and filtration product lines.

Just when people thought things were returning to "normal," another round of hoarding has begun.

Reported insider trading since the last issue of PaperMoney.

CatchMark Timber Trust, Inc. announced that it had completed the sale of 18,063 acres of prime Oregon timberlands - known as the Bandon property - for $100 million in cash, or approximately $5,536 per acre, to Roseburg Resources Co. The property had been purchased in August 2018 for $88.8 million or $4,916 per acre.

Interfor Corp. said Aug. 11 it will spend $30 million to expand its sawmill in Summerville, just months acquiring the facility from WestRock Co.

John Begley, who has been the CEO of Columbia Pulp LLC throughout the local private company's eight-year existence here, announced his retirement effective Sept. 3.

Canfor opened its Houston mill August 9, following a two-week shutdown caused by rail system bottlenecks and other problems in southern B.C. owing to wildfire outbreaks there.

Metsä Group's innovation company Metsä Spring Ltd has made an equity investment in Innomost Ltd, a startup converting forest industry side streams into high-value bioactive products.

Saica Pack successfully manufactured more than 1 million square meters worth of corrugated cardboard at its Thrapston facility near Northampton, the UK.

Klabin started construction on its new terminal on the quay of the Port of Paranaguá in Brazil. In this phase, the project is expected to create 180 new jobs. Once the terminal starts commercial operations, it will require around 170 direct and indirect employees.

The board of directors for Verso Corp. has formed a special committee to evaluate an offer to purchase the company.

The name Sylvamo speaks to the company's connection to trees and highlights its role as a steward of sustainable forests. Sylvamo combines the Latin words for forest, "silva," and love, "amo." Company leaders translate this unique combination as "love of forests."

Klabin has announced investments of R$ 40 million ($8 million) in the technology employed to apply dispersible barrier in the paperboard used to produce diverse types of packaging present in everyday life.

Interfor Corp. will reopen an idled sawmill in southwestern Louisiana, creating 170 jobs at the facility.

The Kwidzyn business has approximately 2,300 employees with an annual capacity to produce 740,000 metric tons of folding boxboard, uncoated freesheet, specialty kraft papers, and market pulp on four machines.

A Packaging Corporation of America employee was killed Thursday afternoon, July 29, in a workplace incident, the Hardin County Sheriff's Department reports.

Charles Swanson, an architect for the project, said the facility would be one of the two largest facilities of its kind in North America. Atlantic Packaging is building a similar facility in Canada.