Recent Articles

Paraibuna Embalagens has commissioned Voith to supply its Quality Control System (QCS) OnQuality of scanners and sensors to the company's new paper production line in Juiz de Fora, Brazil. Paraibuna is starting up its new PM 8 in Juiz de Fora in September 2021.

Red Leaf Pulp Ltd., developer of a proprietary low-carbon pulping process, and Valmet, Ltd. have signed a long-term Teaming Agreement to exclusively collaborate and pursue commercialization of Red Leaf's innovative ag-based pulping process in North America, employing Valmet's fiberline and other value-added equipment.

Voith recently joined the 4evergreen alliance, an association of more than 60 companies along the entire value chain of fiber-based packaging with the common goal of increasing the recycling rate of fiber-based packaging to over 90% by 2030. Various future projects are planned as part of the alliance.

The new board making lines PM 16 and PM 17 continue the expanding of Zhejiang Shanying Paper's business in Zhejiang area. The start-ups are scheduled from the end of 2022 to early 2023.

Valmet will supply recycled fiber lines for Umka Cardboard Mill rebuild in Serbia. The order is a continuation of Valmet's board machine rebuild delivery, which will be started up during the second half of 2021.

ABB has been contracted by Arctic Paper Grycksbo to install a new drive and automation system for its Winder 10 at its mill in Grycksbo, Sweden.

The aim of the rebuild is to increase production as well as improve quality and the ecological footprint. Start-up is scheduled for 2023.

DuPont announced the release of its 2021 Sustainability Report - Thriving Together, providing a comprehensive overview of the company's progress made in its environmental, social and governance (ESG) journey, as well as efforts to achieve its 2030 Sustainability Goals.

Valmet and CMPC have signed a long-term agreement for maintenance development services at CMPC's Santa Fe Pulp Mill, in Chile.

Valmet and Stora Enso have signed a three-year service agreement for the company's Beihai mill in China. The service agreement contains the following services: support with service visit, emergency service visit response time, on-site expert and remote support via Valmet Performance Center to improve availability and optimize process performance.

Metsä Fibre has chosen LSAB Suomi Oy to deliver blades to its new Rauma sawmill in Finland. The agreement includes the blades delivered to the Rauma sawmill and their maintenance.

ANDRITZ has received an order from Jiangxi Five Star Paper Co., Ltd., China to deliver four PrimeCoat Jet coaters for online coating for their mill in Hukou county (Jiujiang city), Jiangxi province.

Unilever revealed in a recent press release that it is using new technology to launch the first ever paper-based laundry detergent bottle.

Reported insider trading since the last issue of PaperMoney.

Resolute Forest Products Inc. declared a special cash dividend of $1.00 per share of common stock, payable on July 7 for holders of record at the close of business on June 28. The company also announced additional capital investments of $50 million in its wood products operations to support its continued growth, and it confirmed the repayment of all amounts outstanding under its revolving and term credit facilities, reducing debt by $180 million in the second quarter.

Paper Excellence announced that several key roles have been filled as work to restart the Prince Albert pulp mill ramps up.

Huhtamaki has completed the acquisition of Jiangsu Hihio-Art Packaging Co. Ltd.'s assets. Jiangsu Hihio-Art Packaging is a privately owned manufacturer of paper bags, wraps and folding carton packaging in China. The acquisition strengthens Huhtamaki's position as the leading foodservice packaging provider in Asia and expands its product portfolio allowing it to better serve both existing and new customers in China.

Georgia-Pacific broke ground on a state-of-the-art gypsum wallboard production facility near Sweetwater.

Stora Enso has decided to invest EUR 21 million to improve the competitiveness and environmental performance of the Anjala-Ingerois production sites. Stora Enso will also invest EUR 26 million in modernising the pulp production at Nymölla in Sweden.

Smurfit Kappa's Bag-in-Box division has announced the completion of a €12 million investment in a new flexible material production facility at its plant in Ibi, Spain.

Norske Skog will close its Tasman Mill at the end of June, with 160 staff to be made redundant.

On June 8, the State Assembly's Committee on State Affairs voted to pass Assembly Bill No. 367 (AB 367), which will provide state assistance to support the purchase of the former Verso paper mill in Wisconsin Rapids.

Louisiana-Pacific Corp. said it will break ground this week on a $150 million conversion of its mill in New Limerick to turn out the company's flagship siding and trim product.

Canfor Corporation says will invest approximately US$160 million to build a new sawmill near DeRidder, Louisiana. The company will receive state and local incentives in support of the project. The facility will have an annual production capacity of 250 million board feet on a two-shift basis and will directly employ about 130 people plus create significant additional indirect jobs.

UPM has completed the employee consultation process in Finland started in April. The company will improve efficiency in global functions by reorganizing and streamlining the operations. As a result, the number of employments in Finland will decrease by 28. In Germany and Austria, the process is still on-going.