Recent Articles

Valmet will supply an extensive paper machine grade conversion rebuild and a wide scope of automation to Modern Karton Sanayii Ve Ticaret at its Tekirdağ Mill in Turkey.

The board of Finnish engineer Neles is sticking with its recommendation for shareholders to accept a takeover offer from Alfa Laval, saying it does not have enough details on a rival merger proposal from Valmet to make a comparison.

Södra Cell has appointed ABB to supply and install a new, state-of-the-art Quality Control System (QCS) at its specialty mill in Mörrum, Sweden, which produces paper pulp and hardwood dissolving pulp for customers throughout Europe. Delivery is planned for October 2020.

AstenJohnson announces a new investment in its Kanata Ontario dryer plant. This investment will address the increased demand for locally supplied dryer fabrics in the US and Canadian markets.

Voith introduces a new screen plate design for pulpers used in recovered paper pulping. The CurvedBar screen plate extends service life in Voith's IntensaPulper IP-R by more than 50% and improves the quality of fiber suspension.

Reported insider trading since the last issue of PaperMoney.

The sale of Third Dimension, a 29-year-old packaging company, was officially announced to employees and the media during a press conference on Thursday morning, Oct. 1.

UFP Industries announced that its UFP Retail Solutions business segment acquired the equity of Fire Retardant Chemical Technologies, LLC (FRCT).

Verso Corporation announced that Adam St. John has resigned as President and Chief Executive Officer and as a member of the Board of Directors, effective as of September 30, 2020. The Verso Board of Directors has named Randy J. Nebel, a current member of the Board, as interim President and Chief Executive Officer.

LSC Communications, Inc. announced that the U.S. Bankruptcy Court for the Southern District of New York (the "Court") has approved its previously announced stock and asset purchase agreement, under which an affiliate of Atlas Holdings LLC ("Atlas"") with the support of certain of LSC's secured creditors (the "Creditor Group"), will acquire substantially all of the Company's assets.

U.S. Senator Tammy Baldwin is urging the Verso Corporation to consider the impact of the sale of its Wisconsin Rapids mill on all the people in North Central Wisconsin, according to a news release.

Firefighters quickly extinguished a fire at a Pratt mill in Travis Tuesday afternoon, Sept. 29.

Mission Forest Products, a subsidiary of Timberland Investment Resources, is building a sawmill in Corinth that will bring 130 jobs by 2022. The project is a $160 million corporate investment.

After decades, the Georgia Pacific Gypsum plant is closing its doors and moving out of the Quanah area, leaving over 150 employees uncertain about their future.

Boise Cascade Company announced that it has completed the purchase of a new property with building structures in Gallatin, TN.

The owner of the Androscoggin paper mill is cutting another 51 jobs, bringing the total to 110 workers laid off since an explosion in April.

In November last year, Oji Fibre Solutions (OjiFS) announced it would be investing over $100 million to develop a new fit-for-purpose corrugated cardboard packaging facility in Christchurch, New Zealand. All the behind the scenes work is done and entering the building construction phase.

Georgia-Pacific (GP) is building a state-of-the-art gypsum wallboard production facility near Sweetwater, Texas. The new $285 million plant will be located adjacent to GP's existing gypsum plant, and will incorporate state-of-the-art production processes.

AMVIG is a Chinese tobacco packager.

A consortium including Bain Capital said on Thursday, Sept. 24 it was offering to buy specialty paper maker Ahlstrom-Munksjo Oyj in a deal valuing the Finnish firm at around 2.1 billion euros ($2.45 billion).

A Sept. 16 fire at Katahdin Forest Products left one of its sawmill buildings totally destroyed, as well as most of the equipment inside it.

An early morning fire Monday, Sept. 21, at the Evergreen Packaging paper mill has left two contract workers dead, according to a press release from Evergreen.

A handful of fire departments responded to a structure fire at Sappi North America woodyard just after 5 a.m Saturday, Sept. 19 in Skowhegan.

A four-alarm fire at the Sofidel tissue mill is being reported by news outlets. Fire personnel on the scene report two fires inside the C building at 3:50 p.m on Monday, Sept. 21.

Ox Industries has restarted the White Pigeon Paper Mill after it is was closed for almost three months. Ox acquired the mill from Graphic Packaging in June and has since converted the mill from clay-coated recycled paperboard (CRB) to high strength uncoated recycled paperboard (URB).