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Following a thorough review of operating conditions, including the persistent challenge accessing economic fibre, ongoing financial losses, weak lumber markets and increased US tariffs, Canfor Corporation announced the closure of its Plateau and Fort St. John operations located in northern British Columbia. These closures will impact approximately 500 employees and will remove 670 million board feet of annual production capacity from our BC operations.
Sonoco Products Company, a global leader in high-value sustainable packaging, today announced that it has initiated a review of strategic alternatives for the Company's Thermoformed & Flexible Packaging ("TFP") business, a part of the Company's Consumer Packaging segment. Exploring alternatives for the TFP business is expected to accelerate Sonoco's portfolio simplification strategy, improve pro forma leverage and further increase shareholder value.
Containerboard production at Norske Skog Golbey in France is expected to start during the first quarter of 2025, previously the second half of 2024.
Greif, Inc., a global leader in industrial packaging products and services, announced the opening of its new facility in Pasir Gudang, Johor, Malaysia. This significant milestone marks a new chapter in Greif's commitment to delivering high-quality packaging solutions while contributing to the local economy.
Veritiv, a leader in specialty packaging distribution, announced it has entered into a binding agreement with Orora to acquire the North American packaging and distribution business Orora Packaging Solutions (OPS). This strategic acquisition will further position Veritiv as a leading provider of value-added products and solutions in specialty packaging distribution in North America.
The negotiations covered the entire workforce of these two sawmills, a total of approximately 70 people in Lappeenranta and 100 in Vilppula.
Menasha Packaging, a leading provider of innovative packaging solutions, announces a groundbreaking investment in its North American preprint capabilities. With a commitment of over $50 million, Menasha is poised to revolutionize the preprinted graphic packaging space.
Stora Enso's internal investigation into the environmental violation in Hukkajokiin Finland, which was discovered on Thursday 15 August has been completed. The investigation was conducted with the assistance of an external legal expert. The violation is also subject to a police criminal investigation and is being investigated as a serious nature conservation crime.
Police collected an "AK47 style pistol," two loaded AK-style magazines and two loaded AR-15 style magazines. A manager told police that there were 75 employees present during the incident and a loss of $15,000 in wages.
Shares held by B&C Group were acquired for EUR 230 million.
Smurfit Westrock will now pursue the full value of the Award from Venezuela.
The Waldo modernization and expansion project is a $131 million strategic investment that is expected to increase the mill's annual capacity by 85 million board feet, improve recovery by 6%, and reduce cash processing costs by approximately 30%.
The violation is being investigated as a serious nature conservation crime.
MM Kotkamills has built a new Sheeting Centre with two state-of-the-art sheet cutters and related automation. This investment of more than Euro 30 million for the further processing of cartonboard will strengthen MM Kotkamills' position as a supplier of cartonboard sheets in the European market.
Everett's packaging and laminating facility houses state-of-the-art assets, including a Bobst Masterflute, coupled with Bobst large format die cutting and gluing.
CFO Mike Cole to add new role, President of Corporate Services.
The facilities, which make a range of paper products, will close in 2025 and the manufacturing site of bathroom wipes at Kimberly-Clark will move to Germany.
Metsä Fibre, part of Metsä Group, has concluded the change negotiations on possible temporary layoffs at Joutseno pulp mill on 26 August 2024. The negotiations covered the entire workforce of the Joutseno pulp mill, a total of approximately 190 people.
Crews are investigating a three-alarm structure fire at Roseburg Forest Products in Medford, Monday, Aug. 26.
Iconex Labels is a leading provider of variable information label solutions, serving customers across e-commerce & shipping, foodservice, grocery & retail, pharmacy, and other end markets.
McKinley Paper Mill will label the Port Angeles mill closure as permanent, triggering benefits for eligible employees.
Sofidel is investing up to $250 million to grow the tissue paper mill
A pile of cardboard is believed to have caught fire, according to a public alert put out about the fire.
Stora Enso has suspended harvesting in all areas throughout Finland where there are restrictions under the Water Act, the Forest Act or the Nature Conservation Act. Harvesting has been suspended until the operational guidelines, harvesting plans and risks related to these sites have been reassessed. Any non-compliance that may be detected will be assessed in cooperation with the authorities.
The UPM Kaukas and UPM Kymi pulp mills in Finland will adjust their production temporarily to meet market conditions. The mills' production will be curtailed in accordance with the change negotiations held in March.
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