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The investment totaled close to $34 million and funded new equipment to modernize the plant's operations.

The Paper Packaging Company, founded by Nigerian engineer and entrepreneur Chidi Oguegbu, will extend its eco-conscious operations to the United States in early March. The expansion coincides with the organization's tenth anniversary, underscoring a record of providing paper-based packaging alternatives to reduce single-use plastics.

At about 6:30 a.m., Thursday, a worker at the packaging plant called 911 to report a fire inside the facility. An alarm inside Huhtamaki tripped less than a minute later, according to firefighters.

Strategic Value Partners, through Coniferous Bidco, controls 82.84 percent of the capital and votes in the paper mill company Nordic Paper. This is announced in connection with the expiration of the extended acceptance period. The bidder is now giving shareholders another opportunity to accept the offer by extending the acceptance period one last time until January 8, according to a press release.

The International Paper Company officially closed its location in Bradley County, following an October announcement that layoffs would begin the shutdown this month.

Office equipment manufacturer Xerox has agreed to buy Chinese-owned printer and printing software maker Lexmark International in a $1.5 billion deal to expand its presence in Asian markets and better compete in an industry upended by the digital age.

Suzano clarifies that no agreements have been reached or documents signed regarding this potential acquisition, and there have been no significant fluctuations in its securities./span>

Four people had to be taken to hospital by ambulance after inhaling smoke, and in total between 10-15 people suffered smoke damage.

Sonoco Products Company, a global leader in high-value sustainable packaging, announced it has entered into an agreement to sell its Thermoformed and Flexibles Packaging business ("TFP") to TOPPAN Holdings Inc. for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments.

The closing of the local International Paper facility affects at least 100 workers.

The International Paper Company in Georgetown will see its final production Dec. 17 and then the process of closing the plant will get under way, according to a company spokesperson.

Using the IFS solution, GBP will improve asset reliability by obtaining clearer visibility into asset availability, usage, and lifecycle.

Hood Container, a leader in the Containerboard and Packaging Industry, is pleased to announce the appointment of Alan Clark as the new President and Chief Operating Officer, effective January 1, 2025. Alan Clark succeeds Charlie Hodges, who will retire after a nearly 50-year career in the pulp and paper business.

Mondi has made good progress on the previously announced €20 million investment programme at its Neusiedler uncoated fine paper mills (Austria). The full benefit of the upgrades is expected from the first quarter of 2025, including reduced greenhouse gas emissions and increased energy efficiency and operational safety.

Investigators are looking into what started the fire.

Veritiv Operating Company, a leader in specialty packaging distribution, announced that it has acquired Arjay Company, including substantially all assets of PPE Sales, LLC, a distributor of packaging solutions and equipment serving customers in Long Island and the Greater Metropolitan New York area. The transaction represents the fifth acquisition of 2024 for Veritiv under the leadership of Sal Abbate, Veritiv's Chief Executive Officer.

Mayr-Melnhof Karton AG (MM) has agreed with Evergreen Hill Enterprise, Pte. Ltd., part of an Indonesian-based privately held group of diversified companies, on the sale of 100 % of the shares in TANN Group, headquartered in Traun, Austria, for a cash and debt-free enterprise value of EUR 360 million.

The Södra Foundation for Research, Development and Education has granted a total of SEK 12.5 million this year to 11 different research projects that, in a significant way, will promote the development of both forestry and forest industry operations.

As I start my 52nd year in the pulp and paper industry, I will have to say it is overall in the best condition that it has been in my lifetime. If your viewpoint is narrow and you focus only on fine papers and newsprint, you will likely disagree with me.

The PM40 closed Friday, 3 January 2025, at 5862.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 3 January 2025 up 8.7% from the 5 January 2024 level.

In this issue of Disconnected Comparisons, we evaluate Rayonier and Boise Cascade.

The Notes were offered in a private placement and there was no public offering of the Notes.

Felix Schoeller increases price for its digital media products as of 1st January 2025.

Rottneros has entered into a new loan agreement with Danske Bank and Svensk Exportkredit whereby the existing long-term facilities will be refinanced. The new facilities amount to a total of 550 MSEK divided into term loan facilities of 400 MSEK in total and a revolving credit facility of up to 150 MSEK.