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Displaying Articles 1 - 25 of 129
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Enviva Inc. Completes its First Full Trading Day as a Corporation, Welcomes New Board Members, and Enhances its Executive Leadership Team

Jan. 3 marks Enviva Inc.'s first full trading day as a corporation on the New York Stock Exchange (NYSE: EVA) following its successful conversion (the "Conversion") from Enviva Partners, LP, a master limited partnership, to Enviva Inc. ("Enviva"), a Delaware corporation, on December 31, 2021. As part of the Conversion, Enviva also announced the appointment of three new members to its board and changes that will further strengthen its executive leadership team.

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UPM closes the unexplained pay gap

UPM has completed its company-wide pay equity review and now eliminates unexplained gender pay gaps - that is, differences not justified by, for example, work performance, experience, job level or location.

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West Fraser Timber appoints Sean McLaren as Chief Operating Officer

Sean McLaren, currently the Company's President, Solid Wood, will become the Company's Chief Operating Officer.

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Powell River looking for new ways to use mill following curtailment

After 206 employees lost their jobs at tiskʷat mill, Powell River is looking into new ways to get it up and running.

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Closure Of Nippon Paper Industries' Kushiro Mill Leaves Workers In Limbo

Nippon Paper Industries Co. -- touted for its high-quality "Kushiro brand" paper used for newspapers and magazines -- ended 100 years of production at its paper mill in Kushiro, Hokkaido, in September, shifting its primary business to thermal power generation.

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Essity presents new business areas and new sales growth target

Essity has decided on new business areas from January 1, 2022. The business areas will be Health & Medical, Consumer Goods and Professional Hygiene. As a consequence of its higher growth ambitions, Essity has also decided on a new sales growth target of more than 5%, which includes both organic sales growth and acquisitions.

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Schweitzer Mauduit facility to close

A Manitoba farmer fears the impending closure of a flax straw-processing facility near Carman may mean a decline in provincial flax acres.

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Massive cryptocurrency mining operation planned at former Ponderay Newsprint mill

The new owners of the shuttered Ponderay Newsprint in Usk, Washington, have formally requested enough power to restart the mill and build what could be one of the largest cryptocurrency mining operations in the country.

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Stora Enso: Transformation into a renewable materials growth company continues

Paper demand is not expected to recover from current levels, but the decline in demand is forecast to continue at the same or a somewhat slower pace. This means that restructuring is necessary.

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Chatham Asset Management Sends Another Letter to R.R. Donnelley Board of Directors Regarding Extension of Stockholder Rights Plan

That fact that the Board continues to defend and extend the poison pill despite clear opposition from its stockholders, and over and above the objections of shareholder advisory firms, such as Institutional Shareholder Services ("ISS"), who have clearly opposed retention of the poison pill, only serves to demonstrate that the Board's interests are not aligned with those of its stockholders and fresh perspectives are sorely needed in the boardroom.

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Job cuts: Stora Enso completes the union negotiations in Kvarnsveden

Stora Enso has completed the union negotiations regarding the closure of pulp and paper production at Kvarnsveden. A total of 340 people will be permanently laid off.

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Roseburg to close particleboard plant in Dillard, Oregon

Roseburg announced plans for a multi-million dollar investment in new technology at its Western manufacturing operations, the result of an extensive analysis of strategic business opportunities in the West. As part of the restructuring, the company will close its particleboard plant in Dillard, Oregon, and offer current team members employment opportunities elsewhere in the organization.

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International Paper Announces Spinoff Name, Board of Directors

The name Sylvamo speaks to the company's connection to trees and highlights its role as a steward of sustainable forests. Sylvamo combines the Latin words for forest, "silva," and love, "amo." Company leaders translate this unique combination as "love of forests."

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BillerudKorsnäs aims to get rid of its Beetham mill in the United Kingdom

BillerudKorsnäs is in a process with the aim of divesting the paper mill in Beetham, UK. The process is ongoing and no binding agreement to divest the mill has yet been entered into. Since BillerudKorsnäs' machine glazed (MG) paper business has primarily been focused in Skärblacka, the strategic importance of Beetham to the rest of the group has been reduced.

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Pactiv Evergreen to Exit Coated Groundwood Paper Business Following Years of Market Decline

Pactiv Evergreen on July 28, 2021 announced that the Company has made the difficult decision to exit the coated groundwood paper business. As a result, the Company will permanently cease production of coated groundwood paper at its Pine Bluff, AR location. The Company will continue to strategically invest in the Pine Bluff mill, which will remain an essential facility in the Pactiv Evergreen operations network, serving the fiber-based beverage packaging market.

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Job cuts: Stora Enso completes co-determination negotiations at Veitsiluoto site

As a result of the negotiations, 550 people will be permanently laid off. Some 28% of the redundancies can be managed through pension arrangements.

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Job cuts: UPM Raflatac has completed employee consultation processes

As a result, the number of positions at UPM Raflatac will decrease by 129.

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Neenah, Inc. Taking Further Actions to Accelerate Annual Revenue Growth, Profitability and Value Creation

Financial implications associated with the closure of the Appleton facility include an estimated annual EBITDA benefit of $7 million to $8 million, excluding estimated one-time cash closure costs of $5 million to $6 million and one-time non-cash charges of approximately $45 million.

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Job cuts: UPM has completed employee consultation process in Finland

UPM has completed the employee consultation process in Finland started in April. The company will improve efficiency in global functions by reorganizing and streamlining the operations. As a result, the number of employments in Finland will decrease by 28. In Germany and Austria, the process is still on-going.

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LSC Communications' Book Division Renamed Lakeside Book Company

LSC Communications announced that its Book Division, the largest book producer in the United States, will now operate as Lakeside Book Company ("Lakeside"). In addition to book manufacturing, Lakeside provides distribution, sales and marketing services, as well as IP and brand protection technology for book publishers and others requiring premium quality print and distribution-related services. The new name of the Book Division as Lakeside Book Company is rooted in the company's rich history and marks a renewed commitment to providing best-in-class printing and fulfillment services.

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Norske Skog to close the Tasman mill in New Zealand and sell mill assets, 160 staff to lose jobs

Norske Skog will close its Tasman Mill at the end of June, with 160 staff to be made redundant.

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Nippon Paper to shut down paper machine at Ishinomaki mill in Japan

Nippon Paper Industries has decided that at the end of May 2022, it will shut down the operation of its coated paper-producing N6 paper machine at Ishinomaki mill (Ishinomaki City, Miyagi Pref) in Japan.

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Nordic Paper decides on discontinuation of pulp production in Säffle, Sweden

In line with its previously communicated intention, Nordic Paper has decided to discontinue the production of pulp at the Säffle plant during the fourth quarter 2021 and replace it with purchased external pulp. The decision has been made as the consultations with trade unions regarding the pulp production now have been concluded. The decision leads to positive environmental effects and the use of fossil fuels at the plant will be reduced to less than half of the current level.

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Ahlstrom-Munksjö reactivates strategic review of its Decor business

Ahlstrom-Munksjö is exploring strategic options for its Decor business, including the possibility of divesting the business. The review process, first announced on September 17, 2019, has been impacted by the Covid-19 outbreak.

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UPM will close unexplained gaps in pay

UPM will close the unexplained gender pay gap that cannot be explained for example by person's performance, work experience, job grade or job location, i.e. the factors that typically determine a person's salary and its development. The pay equity review, carried out this year, applies to all of UPM's operating countries and is part of the company's fair remuneration policy.

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Displaying Articles 1 - 25 of 129
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