Recent Articles

Kadant Fiberline (China) Co. Ltd., a subsidiary of Kadant Inc., announced it successfully started up its OCC system on PM1 at the Tangshan Jiluan Paper Industry mill in Tangshan. The new line has a capacity of 900 tons per day.

Andritz has received an order from Lee & Man Paper to supply two semi-chemical fiberlines for its mills in Dongguan, Guangdong Province, and Jiujiang, Jiangxi Province, China. Start-up of both lines is scheduled for the end of 2022.

The stock preparation system features a capacity of 1,200 bdmt/d and processes a mix of OCC and mixed waste as raw material.

Valmet will supply a new Valmet Defibrator EVO system to the Brazilian company Guararapes. The system will be used for the company's medium density fiberboard (MDF) production as part of its major expansion at Caçador plant in Santa Catarina state.

The Environmental Paper Assessment Tool (www.epat.org) is a web-based platform that allows suppliers and buyers of paper and paper-based packaging to share key sustainability metrics.

International technology Group ANDRITZ has been awarded orders from Nine Dragons Paper, China, to supply equipment and key process technologies for five of their mills.

Kadant Fiberline (China) Co. Ltd., a subsidiary of Kadant Inc., announced it successfully started up two OCC systems at Sun Paper's PM1 and PM2 in Muang Phin, Laos. The OCC systems each have a capacity of 400,000 tons per year.

Valmet introduces the new Valmet Fiberline Analyzerto enable pulp makers to improve total pulp quality management, boost process stability and gain major savings in chemical costs from the digester blow line right up to final pulp storage.

Valmet and ARAUCO have signed an agreement to jointly develop the Arauco Mill Line 3 in Chile to become the world's most autonomous pulp mill.

Kadant Johnson LLC, a subsidiary of Kadant Inc. announced the promotion of Jim Maggard to director of sales for the paper, packaging, and tissue sector.

Reported insider trading since the last issue of PaperMoney.

The paper mill closed in 2016 after a 134-year history. The mill was known as the George A. Whiting Paper Co. for most of its history, dating to 1882.

Weyerhaeuser Company announced the completion of its acquisition of 69,200 acres of high-quality Alabama timberlands from Soterra, a subsidiary of Greif, Inc., for approximately $149 million earlier this week. Separately, the company announced an agreement to sell 145,000 acres of timberlands in the North Cascades region of Washington to Hampton Resources for $266 million.

UFP Industries, Inc. announced that a wholly owned subsidiary of UFP Construction, LLC, has acquired the assets of Endurable Building Products, LLC.

Pending approval from the bankruptcy court, the former Ponderay Newsprint Mill will be reopened as a corrugated cardboard paper production facility, according to court filings sent from Chapter 7 Trustee John D. Munding. Allrise Capital had the winning bid, in the amount of $18,100,000.

Hygiene and health company Essity has signed an agreement today to acquire the remaining 25% of the shares in the Swedish medical solutions company ABIGO Medical AB. Essity acquired 75% of ABIGO Medical in February 2020.

Central National Gottesman Inc. (CNG) announced that its Kelly Spicers division has acquired California Supply North, a specialty packaging distributor that serves the Northern California region.

The proposed acquisition is expected to add approximately $200 million in sales, $30 million in Adjusted EBITDA and significant opportunities for paperboard integration upon completion.

Rayonier Advanced Materials announced that its Fernandina plant has produced 10 million tons of high purity cellulose.

On Thursday night, April 22, firefighters responded to a report of a fire at LSC Communications in Rockingham County.

ST Paper will seek up to $1.5 million in state job-creation funds to breathe new life into Verso Corp.'s Duluth paper mill, with the full support of the Duluth City Council.

Dennis Schoeneck, owner of Enterprise Forest Products in Pelican Lake, said his "business changed immediately on June 9, 2020″ when the Verso Mill in Wisconsin Rapids suddenly closed.

At least 10 WestRock employees have tested positive for COVID-19 in the past week, and one employee died from complications of the virus, according to Cowlitz County Health and Human Services.

The company, a U.S. subsidiary of China-based Nine Dragons Paper Holdings Ltd., said the new operation will produce 200 metric tons of unbleached pulp daily and support 20 new jobs in Maine when it is at full operation.

Essity has made an agreement to acquire approximately 44% of the Colombian hygiene company Productos Familia S.A. ("Familia"). After closing of the transaction Essity's ownership in Familia will amount to at least 94%. Essity has been an owner in Familia since 1985, and currently owns 50% of the company. The purchase price amounts to USD 1,540m (approximately SEK 13bn) for 100% of the company on a debt free basis.