Search Global Paper Money

You searched for "capital projects of note in 2022"

Stora Enso divests its sawmills and forest operations in Russia (relevance: 15.4%, date: May 3, 2022)
Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company's Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso's Russian forest operation which through its harvesting supplies wood to the sawmills.

Huhtamaki steps up production of advanced smooth molded fiber packaging in Alf, Germany (relevance: 15.4%, date: Apr 5, 2022)
Huhtamaki's site in Alf, Germany is switching its focus from plastics to smooth molded fiber (SMF) products to meet the growing demand for plastic free alternatives for food packaging. In 2022, the unit plans to replace more than 2,000 tonnes of plastic with fiber. Huhtamaki's state-of-the-art automated manufacturing site will have the capacity to manufacture up to 3.5 billion fiber products annually. This represents the first such large scale production capability in Europe.

Glatfelter Announces Chief Financial Officer Transition (relevance: 15.3%, date: Apr 19, 2022)
Glatfelter Corporation, a leading global supplier of engineered materials, announced that Ramesh Shettigar, Vice President, ESG, Investor Relations & Corporate Treasurer, will be promoted to the role of Senior Vice President, Chief Financial Officer & Treasurer, effective May 6, 2022.

Metsä Group inaugurates pine sawmill in Rauma, Finland (relevance: 15.3%, date: Oct 18, 2022)
With a value of Euro 260 million, the Rauma pine sawmill is the largest ever sawmill investment in Finland. The investment decision was based on the strong growth in global demand for sustainably produced premium sawn timber.

Paper Excellence Announces Indefinite Curtailment of Catalyst Crofton Paper Mill Operations (relevance: 15.3%, date: Oct 18, 2022)
Paper Excellence announced the indefinite curtailment of its paper operations at the Catalyst Crofton facility starting in early December 2022. Paper markets in China served by the mill have significantly weakened while there have been substantial cost escalations for chemicals, energy and wood fibre used at Crofton. The intersection of these pressures has materially impacted the financial viability of the paper operation.

Risks: Fires, Fatalities and Catastrophes in 2022 (relevance: 15.3%, date: Jan 18, 2022)
Incidents in 2022: We are updating this list as these happen in the pulp, paper and forest products industry

RYAM Raises $250 Million of Debt to Refinance its 2024 Notes, Improving Financial Position to Support Future Growth Opportunities (relevance: 15.3%, date: Aug 1, 2023)
Successful financing transaction creates greater financial flexibility and valuable optionality supporting the execution of RYAM's strategic priorities and shareholder value creation.

Sonoco to Expand European Manufacturing with the Acquisition of Skjern Paper in Denmark (relevance: 15.3%, date: Oct 4, 2022)
Sonoco, a diversified global packaging leader, announced it has entered into a definitive agreement to acquire S.P. Holding, Skjern A/S ("Skjern"), a privately owned manufacturer of paper based in Skjern, Denmark.

ST Paper picks Andritz for new tissue machine at recently acquired mill (relevance: 15.3%, date: Aug 3, 2021)
Andritz has received an order from ST Paper to supply a new tissue machine for its recently acquired site in Duluth, Minnesota, USA. Start-up is planned for the end of 2022.

WestRock Panama City Paper Mill to close (relevance: 15.3%, date: Apr 19, 2022)
WestRock says the Panama City mill would "require significant capital investment" to maintain and improve. The press release on the WestRock website says, "By closing this mill, significant capital that would be required to keep the mill competitive in the future will be deployed to improve other key assets."

Mondi to sell Russian assets (relevance: 15.2%, date: May 17, 2022)
British paper and packaging firm Mondi Plc said on Wednesday it would sell its Russian assets, the latest company to exit the country following Moscow's invasion of Ukraine.

Mercer International to Acquire Holzindustrie Torgau for $275 Million (relevance: 15.2%, date: Aug 2, 2022)
The aggregate purchase price is €270 million (approx. $275.4 million), inclusive of forecasted net working capital of approximately €43 million (approx. $43.9 million).

Bast Fibre Technologies Inc. secures strategic investment from Ahlström Capital  (relevance: 15.2%, date: Oct 18, 2022)
Bast Fibre Technologies Inc. (BFT), the makers of sero™ hemp fibre, announced that it has closed a major strategic financing with Ahlström Capital of Finland. BFT will immediately begin work to expand fibre manufacturing capacity at its US-flagship facility in Lumberton (NC) and its EU-facility near Düsseldorf (NRW).

Interfor to Acquire Chaleur Forest Products in New Brunswick, Canada (relevance: 15.2%, date: Oct 18, 2022)
Chaleur owns two modern and well-capitalized sawmill operations located in Belledune and Bathurst, New Brunswick, with a combined annual lumber production capacity of 350 million board feet.

Environmental regulators enter new proposed settlement with Georgia-Pacific in south Arkansas (relevance: 15.2%, date: Feb 17, 2020)
The U.S. Environmental Protection Agency, the U.S. Department of Justice, the Arkansas Division of Environmental Quality and Georgia-Pacific entered into a settlement in late 2018 that required the company to pay a $600,000 fine and spend at least another $1.8 million to supplemental environmental projects designed to curb hydrogen sulfide emissions in Crossett.

Rayonier Completes Sale of New Zealand Business to The Rohatyn Group (relevance: 15.2%, date: Jul 15, 2025)
Rayonier Inc. announced the completion of the previously announced sale of entities holding its 77% interest in the New Zealand joint venture to a special purpose vehicle owned by an investment fund managed by The Rohatyn Group ("TRG"), a global asset manager specializing in emerging markets and real assets, for a purchase price of $710 million.<

What they are telling us on LinkedIn--October 2025 (relevance: 15.2%, date: Oct 21, 2025)
When purchasing large capital equipment, do you think buyers lie to you to get a better price?

Södra: Continued investment in research (relevance: 15.1%, date: Jul 6, 2020)
The Södra Foundation for Research, Development and Education has decided to grant an additional SEK 6.8 million to 13 research projects linked to forestry and the forest industry.

Verso gears up for shareholder battle in 'proxy' contest (relevance: 15.1%, date: Jan 20, 2020)
Leaders of Verso are asking shareholders to ward off what it calls a proxy contest by approving its slate of board nominations.

Fatal incident at Metsä Fibre Kemi bioproduct mill site (relevance: 15.1%, date: Jul 5, 2022)
There has been a fatal incident at the Kemi bioproduct mill site of Metsä Fibre. The accident took place at the installation site of the recovery boiler in the forenoon, the 25th of June, 2022.

Weyerhaeuser to Acquire Timberlands in North and South Carolina (relevance: 15.1%, date: May 3, 2022)
Weyerhaeuser Company announced an agreement to purchase 80,800 acres of high-quality timberlands in North and South Carolina from a fund managed by Campbell Global for approximately $265 million.

Essity acquires Modibodi - a leading leakproof apparel company (relevance: 15.1%, date: Jul 19, 2022)
The purchase price amounts to AUD 140m (approximately SEK 985m) on a cash and debt free basis.

Verso Announces Stockholder Approval of Merger Agreement with BillerudKorsnäs (relevance: 15.1%, date: Mar 15, 2022)
Verso and BillerudKorsnäs now expect the merger to close in late-March or April of 2022.

Sun Chemical to Globally Increase Prices on Color Materials Portfolio (relevance: 15.1%, date: Feb 15, 2022)
Sun Chemical will increase prices across selected parts of its pigments, dyes and preparations portfolio, effective February 14, 2022 or as contracts allow. The price increase affects all market segments.

Andritz to renovate white liquor production plant at Suzano Aracruz in Espírito Santo, Brazil (relevance: 15.1%, date: Jun 7, 2022)
Andritz Brasil Ltda., a member of the Andritz Group, will carry out partial modernization of lime kiln B for Suzano Aracruz, Brazil, as part of a customized project for the white liquor production plant. Lime kiln B has the capacity to process 580 tons of lime per day.