Recent Articles

Mondi, a global leader in packaging and paper, has introduced its first recyclable functional barrier paper bag for salads in the Group LSDH's Les Crudettes range. The sustainable packaging is a fully integrated solution - Mondi operates across the value chain from sustainably managed forests, to producing pulp and kraft paper, applying the coating and printing the final material.

UPM Biomedicals and Cellbox have signed an agreement for providing a unique live cell shipment solution. The plant derived and animal-free transport technology for living cell and tissue cultures allows shipping of live 3D cell assays between researchers and pharmaceutical companies.

Pure Supreme is a well-established premium white-top kraftliner, optimized for offset printing. BillerudKorsnäs is now launching an upgraded version of Pure Supreme, which is more than a facelift - it could even be regarded as a new product. It offers excellent print results in terms of colour fidelity and lifelike image reproduction. Its strength and stiffness ensure high runnability, allowing for high-speed printing and converting processes.

Enviva Partners, LP welcomes a new report from the International Energy Agency (IEA) for a more rapid transition to net-zero carbon emissions, a tripling of public investments in clean energy technology, and a growing role for modern bioenergy.

Valmet has been chosen as the second most attractive employer by the Finnish engineering professionals. The ranking was published in Universum's annual survey, which is the biggest employer attractiveness survey in Finland.

Schumacher Packaging, a corrugated board producer and full-range supplier of paper-based packaging solutions, has commissioned Voith to rebuild PM 2 at its Myszków site in Poland.

The L2A pulp drying line at Bracell's "STAR" project in Lençóis Paulista, São Paulo, Brazil, supplied by Andritz, has achieved a new production world record.

In the future, Voith Group will be the sole owner of the Voith Hydro Group Division, which previously was operated as a joint venture with Siemens Energy.

Valmet will supply a repeat order of an OptiConcept M board production line for Pratt Industries in Henderson, Kentucky, USA.

Valmet has signed a new Euro 300 million sustainability-linked syndicated revolving credit facility (RCF) agreement. The new RCF refinances an existing Euro 200 million credit facility and will be used for general corporate purposes.

Recently, the EPA announced a comprehensive national strategy to confront PFAS (Per- and polyfluoroalkyl substance) pollution.

Reported insider trading since the last issue of PaperMoney.

Elif employs approximately 1,500 people in its two manufacturing locations in Istanbul, Turkey and Cairo, Egypt.

R.R. Donnelley & Sons Company announced that it has received an unsolicited proposal from Chatham Asset Management, LLC ("Chatham") to acquire all of the outstanding shares of RRD for $7.50 per share in cash.

The transaction is expected to be completed in early November 2021, subject to the satisfaction of the remaining customary closing conditions set forth in the acquisition agreement.

The properties are located in the northeast region of North Carolina and the southeast region of Virginia, and consist of well-managed loblolly pine plantations. Roseburg already owns 158,000 acres of timberland in the Roanoke Valley, following a 2017 acquisition.

West Fraser Timber Co. Ltd. announced that it has entered into an agreement to acquire the Angelina Forest Products lumber mill located in Lufkin, Texas for approximately $300 million, subject to certain post-closing adjustments.

Read Leaf Pulp says the mill will create 110 permanent full-time jobs, as well as 250 jobs during construction.

Smurfit Kappa Group plc is pleased to announce that it has now completed the acquisition of Verzuolo for a purchase price of €360 million.

Progroup is planning to build a state-of-the-art refuse-derived fuel (RDF) power plant right next to its high-tech paper mill PM3 in Sandersdorf-Brehna, Germany. It will supply a large share of the process heat and electricity for PM3 in the future.

Canfor Corporation is announcing changes to the senior leadership team. Pat Elliott has been appointed to the role of Chief Financial Officer (CFO) for Canfor and Canfor Pulp and will also retain his responsibilities as Senior Vice President, Sustainability.

Essity is investing in enhanced efficiency in the company´s site in Kawerau, New Zealand, including the world's first tissue machine running a fully geothermal steam drying process. Together with a reduction in pulp consumption, reduced waste and elimination of the burning of natural gas on the machine, the improvements will contribute to a reduction of carbon emissions by 23 percent from the Kawerau site.

Officials said the expansion will include the addition of a new paper machine and production line.

Concerns over crime in downtown Seattle escalated sharply this past week after Weyerhaeuser reportedly delayed its return to its Pioneer Square headquarters due to neighborhood safety issues.

Pactiv Evergreen Inc. announced that its wholly-owned subsidiary, Pactiv Evergreen Group Holdings Inc. has completed its acquisition of Fabri-Kal, a leading manufacturer of foodservice and consumer brand packaging solutions.