Recent Articles

Stora Enso has completed the co-determination negotiations concerning the closing down the pulp and paper production at its Kvarnsveden site in Sweden. The closure will take place by the end of the third quarter of 2021.

Klabin SA is going to invest 342 million reais ($69 million) in 23 projects throughout 2022, according to a securities filing on Tuesday.

A spokesperson for Georgia-Pacific said damage from the fire was relatively minor and that internal systems helped suppress the flames before they spread. However, fire crews were still on the scene to check for pop-up fire or extension. Heavy smoke was also an obstacle for crews that night.

In 2021, Mercer Celgar is embarking on a capital investment project to upgrade our existing woodroom. This project has a total cost of $31.4 million, of which $4.5 million is funded through Natural Resources Canada's Investments in Forest Industry Transformation (IFIT) program.

As a result, the number of positions at UPM Raflatac will decrease by 129.

A fire in a warehouse on June 25 on A dock at Powell River's Paper Excellence Catalyst paper mill is now under control.

No one is injured after a fire in a machine at the Georgia Pacific mill in Green Bay on Saturday night, June 26.

Norske Skog will invest approximately EUR 250 million in the conversion of Golbey PM1, and a syndication of financing facilities of approximately EUR 175 million is being finalised, subject to final documentation and final approval from the relevant export credit agency.

CatchMark Timber Trust, Inc. announced a definitive agreement to sell 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 project includes an upgrade of the wood yard, fiber line, evaporation plant and paper machine. Start-up is planned for the fourth quarter of 2023.

The Mayr-Melnhof Group ('MM') and a subsidiary of funds managed by Oaktree Capital Management, L.P. ('Oaktree') have reached a firm intention on the sale of MM's virgin fiber cartonboard mills located in Eerbeek, Netherlands, and Baiersbronn, Germany, to Oaktree for an equity value of EUR 104.6 million and net debt subject to final closing accounts.

Nippon Paper Industries Co., Ltd. announced that it has acquired a portion of the issued ordinary share capital of Elopak ASA (President & CEO: Thomas Körmendi, "Elopak"), a Norway-based liquid paper packaging company operating in Europe and North America, as a Cornerstone investor in Elopak's initial public offering on the Oslo Børs.

Smurfit Kappa will invest Euro 24 million to expand its corrugated plant in Rethel, North-East France. The new investment will facilitate the consolidation of two existing facilities at that plant and the installation of a new state-of-the-art corrugator and conversion equipment.

Greif, Inc., a global leader in industrial packaging products and services, announced today that Pete Watson will retire as Greif's President and Chief Executive Officer effective February 1, 2022. This announcement concludes a thoughtful and comprehensive, multi-year succession planning process. The Board of Directors has elected Ole Rosgaard to succeed Mr. Watson as President and Chief Executive Officer effective February 1, 2022. Mr. Rosgaard will serve as Chief Operating Officer of the Company until that time.

Groundbreaking on the mill could come as soon as this fall but is mostly likely slated for the spring.

It took firefighters about an hour Wednesday night, June 16, to put out a fire at the ND Paper Mill, according to Rumford Deputy Chief Chris Bryant.

The Georgia-Pacific Corporation plant caught fire Wednesday evening, June 16, at the site in Brookhaven.

There were no injuries following a small fire at Dunn Paper on the morning of June 17.

A conveyor feeding wood chips both to the hardwood and softwood digesters at Metsä Board's Husum pulp mill in Sweden caught fire on Friday, 18 June at about 12.30 CET. The city fire brigade managed to get the fire under control by about 14.30 CET and could hand over the responsibilities for surveillance to the Husum mill local fire brigade at 21.30 CET.

Ahlstrom-Munksjö is on track expanding production capacity at its Malmedy plant in Belgium, specialized in the production of nonwovens for wallcovering. The EUR 10 million investment, announced in January 2020, will double the capacity of the plant and diversify the production to also cover filtration materials. The investment will create some 40 new jobs locally.

Green Bay Packaging ceremonially cut the ribbon on its new $500 million mill Thursday, June 17.

As a result of the negotiations, 550 people will be permanently laid off. Some 28% of the redundancies can be managed through pension arrangements.

Sappi North America, Inc., a leading producer and supplier of diversified paper, packaging products and pulp, announced that it will sell its hydroelectric assets on the Presumpscot River in Maine to Dichotomy Power LLC, pending satisfactory completion of regulatory and other approvals. The move is designed to allow Sappi to focus on its core competencies and is consistent with Sappi's recent restructuring of the Westbrook site.

Billionaire Tom Gores' private equity firm Platinum Equity would acquire textbook publishing and educational technology company McGraw Hill for $4.5 billion from Apollo Global Management Inc, the companies said.

The process following the acquisition of the remaining 25% of the shares of ABIGO Medical AB is completed and the company is now a wholly owned subsidiary of Essity. As per the terms of the transaction, ABIGO Medicals pharma business has been divested and sold to the company's founder Jan G. Smith.