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Displaying Articles 1 - 25 of 144
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Ahlstrom-Munksjö accelerates the pace of strategy execution to become the preferred sustainable specialty materials company

Ahlstrom-Munksjö now takes the next step in its strategy execution. Through a clearly defined purpose, sharper strategic focus and ambitious sustainability targets, the company is accelerating its pace of execution with the vision to become the Preferred Sustainable Specialty Materials Company. Following the ownership reorganization of its Decor business, estimated to be completed by the end of the third quarter of 2022, Ahlstrom-Munksjö plans to change its business name to Ahlstrom.

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Paper Excellence Port Alberni mill switches from print paper to food packaging

Paper Excellence is in the process of switching from primarily making newsprint and writing paper to food packaging at its Catalyst mill in Port Alberni, and is getting some help from the federal government to make the switch.

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Ahlstrom-Munksjö: Reorganization of Decor business ownership

Ahlstrom-Munksjö Holding 3 Oy's Board of Directors has agreed an ownership reorganization plan under which the production assets, debts, and liabilities relating to its Decor business will be transferred from Ahlstrom-Munksjö Holding 3 Oy, without liquidation, to a newly formed company that will be named Munksjö.

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Chatham Asset Management Reaffirms Withhold Vote Against Two Directors at Rayonier Advanced Materials Upcoming Annual Meeting

Chatham Asset Management, LLC, a private investment firm which manages funds that beneficially own approximately 6.3% of the outstanding common stock of Rayonier Advanced Materials ("RYAM" or the "Company") (NYSE: RYAM) and is a substantial bondholder of the Company, issued an open letter to RYAM shareholders reaffirming its intention to withhold its vote against two long-tenured members of the Company's Board of Directors, Thomas I. Morgan and Lisa M. Palumbo, at the Company's annual meeting of shareholders on May 16, 2022.

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Dunn Paper Obtains Forbearance and New Money Financing from Existing First Lien Lenders

In order to help facilitate the Company's financial restructuring, Dunn Paper's Board of Directors has named David Coles as Chief Restructuring Officer. Mr. Coles is a seasoned financial restructuring expert and a Managing Director of Alvarez and Marsal, a leading restructuring firm.

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West Fraser Timber Permanently Reducing Capacity at Pulp Mill in Hinton, Alberta

West Fraser Timber Co. Ltd. announced that it will permanently reduce capacity at its pulp mill in Hinton, Alberta ("Hinton Pulp") by the end of this year. One of Hinton Pulp's two production lines will shut, and the remaining line will produce Unbleached Kraft Pulp ("UKP") rather than Northern Bleached Softwood Kraft Pulp ("NBSK").

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Chatham Asset Management sends yet another letter to Rayonier Advanced Materials Board of Directors

If you remember, Chatham also sent multiple letters to RR Donnelly.

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Georgia-Pacific to shut down the 121-year-old Day Street paper mill in Green Bay

About 190 employees will lose their jobs, but the company said those employees will be able to apply for other jobs in the company. That includes more than 100 new jobs that will be created with a $500 million expansion of the Broadway Mill in Green Bay. That expansion is for production of premium paper towels.

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Graphic Packaging to close facility in Norwalk, Ohio

Closure will be completed by the end of May 2022.

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Last straw for Mohawk Renewal Straw

One of these partners, Columbia Pulp -- the only North American supplier responsible for processing wheat straw into pulp to make Mohawk Renewal Straw -- announced in February 2022 that they were ceasing operations. We have exhausted every avenue in Columbia Pulp's absence, but without a supplier, we cannot continue to support this industry-disrupting product and will have to discontinue Straw from the Mohawk Renewal portfolio effective immediately.

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PotlatchDeltic Transfers $70 Million in Pension Obligations

PotlatchDeltic will recognize a pre-tax noncash pension settlement charge in the first quarter of 2022.

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West Fraser temporarily adopts three day work week at B.C. lumber mills

West Fraser is temporarily rolling back its operating schedule at lumber mills across B.C., impacting more than 700 employees.

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Domtar on track to open repurposed paper mill at the end of 2022

Ahead of schedule, Domtar's Kingsport plant manager said roughly 170 employees are currently in training to be able to safely produce the brown paper cardboard.

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Graphic Packaging to Close in Battle Creek, Mich. in August 2022

In 2019 when the company announced its new facility in Kalamazoo, representatives at the time described a new machine that would be housed at the new location would be used to replace other production facilities like the one in Battle Creek.

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Unifor and PPWC reach pattern deal with Canfor

Two of the country's largest pulp and paper unions, Unifor and the Public and Private Workers of Canada (PPWC), have reached a tentative deal with Canfor that establishes the pattern for Western Canadian forestry.

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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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Displaying Articles 1 - 25 of 144
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