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With this new project, Saica Group will create more than 100 new jobs in the State of Indiana once the facility is operating at full capacity.
Northern Pulp, the company behind a Nova Scotia mill that shut down four years ago amid environmental shortcomings, says it will cost $2.5 billion to build a new, cutting-edge plant on the province's southwest shore.
Metsä Group has signed an agreement for partial funding from the EU Innovation Fund, securing a maximum grant of Euro 86.5 million for its Muoto packaging product mill planned for construction in Rauma, Finland. The company confirmed the agreement following negotiations that began in October 2024, according to Metsä Group.
UPM continues to selectively align its paper capacity with profitable customer demand to ensure performance and therefore plans to permanently close its paper mill in Ettringen, Germany, reducing the annual capacity of uncoated mechanical paper by 270,000 tonnes during July 2025.
Koskisen Corporation has agreed to acquire the business operations of Iisveden Metsä Oy. Located in Suonenjoki, Iisveden Metsä is a company mainly owned by private individuals and it produces approximately 140,000 m3 of softwood lumber per year. Iisveden Metsä Oy was founded by local forest owners in 1924.
Rayonier is selling entities that hold its entire 77% New Zealand joint venture interest for a purchase price of $710 million, subject to net debt, working capital, and other adjustments.
British Columbia Premier David Eby has ordered the removal of all U.S. alcohol products from BCLIQUOR stores in response to recent statements by U.S. President Donald Trump about his intention to impose tariffs targeting Canada's dairy and lumber industries.
Metsä Board has finalized change negotiations initiated in January to enhance profitability and cost efficiency. As a result, the company will permanently close the Tako board mill and improve the operational efficiency of the Kyro board mill, leading to a total reduction of 208 jobs.
The crews reportedly stayed there after the fire was put out to ventilate smoke and restore fire protection systems.
Firefighters were on the scene for around three and half hours.
KP Tissue Inc., part owner of Canada's largest toilet and tissue paper producer, says it won't provide guidance for its next quarter and has delayed a decision on a major capital investment because of U.S. tariffs.
Sofidel is pleased to announce the delivery of a new Yankee Dryer on March 2nd, 2025, to its Circleville facility, marking a significant milestone in the papermaking process.
The duration of temporary layoffs is up to 90 days.
Strathcona Paper's parent company, PaperWorks Industries Inc., is headquartered in Fort Washington, Pennsylvania, U.S.A. The company responded that the incident at the mill was a minor fire that was quickly contained, and no one was injured. The mill has resumed normal operations.
The European Commission has approved the acquisition of joint control of Novolex Holdings and Pactiv Evergreen by Apollo Capital Management, all three based in the United States, and Canada Pension Plan Investment Board ('CPP Investments'), based in Canada..
The U.S. Department of Commerce has proposed increasing the anti-dumping duty on Canadian softwood lumber from 7.66% to 20.07%, nearly tripling the rate set three years ago.
The incident forced a one-day suspension of operations in the chemical plant.
The 168MW project, owned by Port Hawkesbury Paper Wind (PHP Wind), will be the largest wind farm in Nova Scotia and Maritime Canada upon completion.
On Saturday, March 1, fire crews responded to stubborn fire at West Fraser's Riegelwood, North Carolina, sawmill.
UFP Packaging, a subsidiary of UFP Industries, expanded its U.S. manufacturing footprint by opening a new 165,000-square-foot corrugated facility in Jeffersonville, Ind., that will continue to undergo advancement and expansion throughout 2025. The latest expansion features advanced graphics and production capabilities for retail and e-commerce markets.
Weyerhaeuser's stock is gaining as investors anticipate that the company will benefit from new 25% tariffs on Canadian lumber imports. The Seattle-based firm, which owns 10.4 million acres of timberland in the U.S. and logging rights on another 14 million acres in Canada, is expected to sell lumber and wood panels at higher prices without the added cost of tariffs on cross-border shipments.
Metsä Group's parent company Metsäliitto Cooperative will sell its wood supply business in Latvia carried out by Metsä Forest Latvia SIA to Latvian company ACA Timber. The parties have also agreed long-term deliveries of pulpwood and chips to Metsä Group.
Sealed Air Corporation announced that Emile Chammas, Senior Vice President and Chief Operating Officer, will depart from the company effective April 1, 2025. The departure is a mutual agreement, according to the company's latest 8-K filing with the Securities and Exchange Commission.
Tolko Industries, based in Vernon, B.C., has cut its consultant workforce, resulting in several people losing their jobs.
Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions for food, beverage and industrial applications, announced a $50 million investment in its Cedar Rapids, Iowa facility to modernize and expand the production of industrial starches for the packaging and papermaking industries.
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