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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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Arctic Paper consolidates its sales divisions in Scandinavia and the Baltics

Arctic Paper consolidates the sales organizations for Scandinavia and the Baltics into a joint company, Arctic Paper ScanBaltics.

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Chatham Asset Management Sends Letter To R.R. Donnelley

Specific proposals outlined in the letter include removing the Company's value destructive "poison pill," executing a modest stock buyback program, and conducting a non-deal equity roadshow to educate the institutional investment community on RRD's recent deleveraging and growth initiatives. As a longstanding, supportive shareholder of RRD, Chatham strongly recommends RRD undertake these actions to enhance value for all the Company's stakeholders.

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Stora Enso initiates a plan to permanently close down pulp and paper production at Kvarnsveden and Veitsiluoto mills

Stora Enso will start co-determination negotiations with employees at its Kvarnsveden Mill in Sweden and Veitsiluoto Mill in Finland regarding a plan to permanently close down pulp and paper production at both mills. The planned closures would take place during the third quarter of 2021, and affect directly 670 people in Finland and 440 people in Sweden.

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Kimberly-Clark to move 250 jobs from Neenah, Wisconsin, will open Chicago location

Kimberly-Clark will move more than 250 positions in sales, marketing and executive management from Wisconsin to a new commercial center in Chicago, the company said Wednesday.

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UPM plans to ax 51 jobs in Finland, Germany and Austria

UPM continues to take action to ensure the company's competitiveness. UPM aims to increase efficiency of its global functions by reorganising and streamlining the operations in Finland, Germany, and Austria. If implemented, the plans would decrease the number of employments in the functions by up to 51.

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UPM Timber has completed employee consultation process

UPM Timber has completed the employee consultation process started in early February on its plans to improve profitability and strengthen competitiveness. Based on the negotiations, the number of positions at UPM Timber will decrease by 43.

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West Fraser Timber's new lumber mill to be fully operational by the end of the second quarter of 2021

Progress on West Fraser Timber's new lumber manufacturing complex in Dudley, Georgia remains on track with management's initial expectations. Substantial portions of the new mill are being commissioned and are ramping up, with the new site expected to be fully operational by the end of the 2Q 2021.

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Ahlstrom-Munksjö's Annual General Meeting postponed

As previously announced, Spa Holdings 3 Oy has acquired through a public tender offer more than 90 per cent of all the issued and outstanding shares and votes in Ahlstrom-Munksjö.

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Södra forms new business area

Södra is forming the Innovation business area. The initiative will involve a stronger focus on new, profitable business, while the other business areas will gain more traction for the development of their existing operations. Catrin Gustavsson, who is currently Senior Vice President Innovation and New Business at Södra, is to become the new Business Area President.

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Former Madison, Maine mill receiving equipment as timber tech firm preps for unique use

Significant progress has been made at the former Madison Paper Industries mill under its new leadership.

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SCA closes its last publication paper machine

Thursday February 25, at 7.07 am, SCA closed permanently paper machine LWC4 at Ortviken paper mill. With this, SCA's all production of publication paper has come to an end.

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International Paper's Board Elects Anton V. Vincent; Also Announces Retirement of Two Board Members

International Paper Company announced the election of Anton V. Vincent to its Board of Directors effective March 1, 2021.

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Rengo enters into MoU to support Taiko Paper in Japan

Rengo Co., Ltd. enters into a memorandum of understanding with Taiko Paper Mfg., Ltd. (TPM) to consider supporting the business reconstruction of TPM. TPM filed an application to commence corporate reorganization proceedings in the Tokyo District Court, Japan.

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Displaying Articles 1 - 25 of 116
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