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Borregaard will co-invest with the European Innovation Council Fund and several other public and private investors in a direct offering of new shares in the Danish bioscience company Kaffe Bueno ApS. In total, Kaffe Bueno will raise EUR 6.2 million in new capital from the direct offering. After the transaction, Borregaard will hold 12% of the shares in Kaffe Bueno, with an investment of EUR 3 million.

Resolute FP Canada Inc., a producer of wood, pulp, tissue and paper products, operates the Ignace Sawmill. On March 28, 2022, an industrial electrician was attempting to repair a photo-eye on a debarking machine.

Agreement Marks Company's First Transaction in the Voluntary Carbon Market.

EcoVadis is an organization that provides buyers with sustainability assessments of suppliers through an information-sharing platform registered with buyers and suppliers from more than 175 countries and over 200 industries.

Foodservice Packaging Awards honor Eco-Products and Vegware for Innovation in Manufacturing for their compostable solutions.

Moelven Wood and Billerud are joining forces to examine the possibility of developing a new sustainable packaging solution for Moelven's interior panels. The goal is to create a paper-based solution to replace the current plastic shrink wrap.

The prestigious award, sponsored by FERPI, Borsa Italiana and Bocconi University, recognizes the strict and transparent manner in which Italian organizations do their accounting.

To protect forests and the environment

The 2023 United Nations Climate Change Conference, more commonly referred to as COP28, was held from 30 November until 12 December 2023 at Expo City, Dubai. The conference has been held annually since the first UN climate agreement in 1992. Historical results were achieved in the negotiations at Dubai: for the first time, the deal calls on all countries to move away from using fossil fuels.

Rayonier EVP Doug Long is among three directors named to global leadership positions.

ANDRITZ and Domenico Iacovelli have mutually agreed upon amicable terms for his resignation effective December 31, 2023. He has played a key role on the Executive Board, overseeing Metals business area.

German machine and plant manufacturer Dieffenbacher is changing the responsibilities and composition of its Management Board effective January 1, 2024. With the appointment of Dieffenbacher shareholder Lukas Langer to the management team, it will grow from three to four members.

There have been a lot of interesting investments announced recently.

Reported insider trading since the last issue of PaperMoney.

Cascades Inc., a leader in the recovery and manufacturing of eco-friendly packaging and hygiene products, announced that Alain Lemaire will step down from his role as Chairman of the Board of Directors at the Company's annual general meeting, to be held in May 2024, and that Patrick Lemaire will succeed him. Alain Lemaire will continue to sit on the Board as a director.

On Friday, his business group Royal Golden Eagle (RGE), unveiled an offer to take over Vinda International Holdings by buying shares in the Hong Kong-listed tissue maker at a premium price. Major shareholders of the company, Swedish personal care product maker Essity AB and Vinda's founder Li Chao Wang, who represent about 72.63% combined ownership in the company, have agreed to the offer.

Elgin, IL facility brings new capacity for sheets, brown shippers, and graphic packaging under one roof to support the company's growth throughout the Midwest.

Essity continuously evaluates its various businesses to increase long-term value creation. In the strategic review of Consumer Tissue Private Label Europe it was concluded that the business as a result of the implemented divisionalization, is a competitive and value-creating part of Essity.

Crews arrived to find the fire was spreading from the attic into the roof and a second alarm was declared.

Elopak has announced plans to build its first U.S. production plant with the latest state-of-the-art technology for better and more efficient production. The plant will produce Pure-Pak® cartons for liquid dairy, juices, plant-based products and liquid eggs. The new production facility will be located in Little Rock, Arkansas and is expected to start production in H1, 2025.

Sean McLaren will succeed Ray Ferris as president and chief executive officer following Mr. Ferris's retirement at the end of the year. The board of directors has appointed Mr. McLaren to join the board of directors effective Jan. 1, 2024, in place of Mr. Ferris.

Anna Jonhed has been appointed CEO of Rottneros Packaging. She will take office during the first half of 2024 and will be part of the Rottneros group management.

Metsä Group's Kemi bioproduct mill is ramping up towards full capacity production and pulp deliveries to customers have started. It is planned to take approximately one year to reach full production capacity at the mill.

Fire crews made quick work of a fire at the Twin Rivers Mill in Little Falls on Thursday evening, Dec. 7.

VIDA AB, owned 70% by Canfor Corporation (TSX:CFP), announced that it will invest approximately 700 million SEK (CAD$85 million) at its Bruza Sawmill in Hjältevad, expanding production from 175 million board feet to 240 million board feet.