Recent Articles

Metsä Group's innovation company Metsä Spring Ltd has made an equity investment in Montinutra Ltd, a startup converting forest industry side streams into high-value bioactive products. The financing round totals approximately EUR 1 million, and Metsä Spring is participating in the round with current and new private investors.

Rayonier Inc. released its first Carbon Report detailing the positive net carbon impact generated by the Company's forestry operations.

WestRock Company announced that Steven C. Voorhees has decided to step down from his position as president and chief executive officer and a director of the Company for health reasons, effective March 15, 2021. In addition, the Company's Board of Directors announced that, following a comprehensive search as part of the Company's long-term succession processes, it has elected David B. Sewell to succeed Voorhees as WestRock's president and chief executive officer at that time.

Neenah, Inc. announced the signing of a definitive agreement to acquire Global Release Liners, S.L., the parent company of Industrias de Transformacion de Andoain, S.A. ("ITASA"), from Magnum Capital and other minority shareholders for €205 million in cash. Closing is expected to occur in early April and is subject to customary conditions.

UFP Industries, Inc. announced that one of its wholly owned subsidiaries, The UBEECO Group, has acquired the assets of J.C. Gilmore Pty Ltd. This transaction adds a wide portfolio of protective packaging to the industrial packaging products offered by UBEECO and its sister company, Integra Packaging, and expands the companies' customer base throughout Australia.

UPM's goal is to develop, encourage and reward every employee in their work. UPM paid a total of EUR 51 million as short-term incentives to employees in 2020. The incentives were paid for the good 2019 results and for personal success in one's own work. The figures are outlined in the Annual Report that was published today. Over the last five years, UPM has paid nearly EUR 300 million in incentives to its employees.

In a recent article, IoTforall reported that predictive maintenance is an especially fruitful area for machine learning and AI to make an impact on manufacturing.

Domtar Corporation announced that it completed the previously disclosed sale of its Personal Care business to affiliates of American Industrial Partners for $920 million. This divestiture is a significant milestone in the Company's strategic transformation to become a leading paper, pulp and packaging company.

Crews with the Chattanooga Fire Department were at the scene of a fire at a WestRock facility on Sunday, Feb. 28.

Total commitments of $961.1M; 643 jobs created and retained in Québec.

Thirty firefighters responded to the mill as did crews from Hydro One.

Sappi started up new coating kitchen at its Condino, Italy, paper mill supplied by Austrian GAW technologies.

Modern Karton signed a contract with Voith for the extension and modernization of its existing OCC line. Within the scope of the contract, Voith will also supply a new stock preparation line for pulp and recovered paper. The new order follows the successful upgrade and expansion of the existing DIP line.

Domtar Corporation announced that John D. Williams will return from temporary medical leave following having contracted the Covid-19 and is resuming authority and responsibility as President and Chief Executive Officer on Monday, March 1st, 2021.

Arctic Paper put its expanded hydropower plant into operation at Munkedal mill in Sweden. The investment of just over SEK 100 million ($12 million) increases the power from 2 to 6 MW, which in combination with the planned solid fuel boiler is sufficient to meet up to 80% of Arctic Paper Munkedal's energy needs with its own sustainable energy.

The new Adestor PET Laser Matt White facestock provides excellent performance for outdoor labelling and durable applications (high resistance to water, chemicals and fluctuating temperatures). This new product is HP Indigo certified and ideal for use with variable data printing technologies.

The speculation comes as the company is set to close the sale of its personal care business this quarter and after the company announced last month that CEO John Williams would be taking temporary leave after contracting Covid.

1915 Studios, the name of the accelerator, is designed for early-stage companies focused on hygiene, internet of things technology and sensory technology.

Smurfit Kappa is launching its innovative punnet portfolio in Europe. The "Safe&Green" portfolio is Smurfit Kappa's paper-based, sustainable solution to plastic packaging for fresh produce, and consists of unique designs that are 100% renewable, recyclable, and biodegradable.

Ahlstrom-Munksjö works to create innovative products that provide high performance as well as sustainability benefits for customers and consumers. As part of the company's continuous commitment to sustainability, CelluStraw™ papers are now BPI® certified, in addition to carrying OK compost HOME and OK compost INDUSTRIAL certifications, qualifying compostability in a home environment and in industrial facilities.

Pregis, a leading manufacturer of protective packaging, is announcing a new 300,000 square foot manufacturing facility in Bethel, Pennsylvania. The plant will be producing lightweight, recyclable all-paper cushioned mailers to support demand in the Northeastern region of North America.

DS Smith introduces Greentote, the first modular, moisture-resistant, food-contact safe and 100% recyclable alternative to plastic shopping bags for retail grocery pickup or delivery.

Mondi Plc, the packaging and paper group, is exploring a potential takeover of British rival DS Smith Plc, according to people familiar with the matter.

Packaging Corporation of America announced that it has discontinued production of uncoated freesheet (UFS) grades on the No. 3 paper machine at its Jackson, AL mill and will begin preparing for the permanent conversion of the machine to linerboard.

Novolex announced that Dennis Norman has been appointed Chief Financial Officer, effective March 1, 2021. In this capacity, Norman will lead Novolex's finance organization and will be responsible for finance, accounting, treasury, risk management and information technology.