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The acquisition comprises an area of 19,150 hectares, of which 13,100 is forest land. The purchase price is EUR 44.5m, approximately SEK 450m.
The Gilchrist sawmill, which specializes in ponderosa and lodgepole pine boards, has been curtailed since mid-June of this year due to COVID-19 related economic factors. Prior to its curtailment, the mill produced approximately 80 million board feet of lumber per year and employed approximately 150 employees.
LSC Communications, Inc. announced that the Company has entered into a stock and asset purchase agreement with an affiliate of Atlas Holdings LLC with the support of certain of LSC's secured creditors.
Packaging Corporation of America PKG had ramped down its DeRidder containerboard mill operations before the arrival of Hurricane Laura. On Aug 27, the storm made landfall approximately 100 miles south of the company's containerboard mill in Louisiana. Notably, the storm did not make any significant property damages to the mill.
R.R. Donnelley & Sons Company announced that it has signed a definitive agreement to sell its DLS Worldwide Logistics business to TFI International for $225 million in cash, subject to a customary working capital adjustment.
Due to market conditions that remain unfavorable, after a 6-month temporary shutdown, Kruger Specialty Papers is forced to permanently shut down its newsprint, specialty papers and pulp production at its Brompton Mill. However, the water treatment plant will continue to operate and the biomass cogeneration plant will restart.
Kamloops Fire Rescue says there was minimal damage after a fire broke out within a building at the Domtar pulp mill on Sept. 11.
SCA decided to discontinue the production of publication paper and to invest SEK 1,45bn in the production of chemically pre-treated thermo-mechanical pulp (CTMP) at the Ortviken industrial site in Sundsvall. The decision has been preceded by consultations with employee representatives.
With a $180 million investment, Graphic Packaging has consolidated two facilities and three offsite warehouses into one of the most productive and largest folding carton operations in the world.
Nippon Paper develops germ-resistant product for menus and hospital records.
Port Hawkesbury Paper, located in Point Tupper, is charged with three violations of the regulations that were alleged to have occurred between January and March 2019.
A proposal by parent company Paper Excellence to loan the beleaguered owner of the Pictou County pulp mill would also see salary continuation payments resume to non-unionized employees and benefits continue for retirees.
CJK Group, Inc. announced that it has acquired content services business Cenveo Publisher Services and Cenveo Learning from Cenveo Worldwide Limited, and will be merging them with its own content business Sheridan Journal Services and hosting platform Sheridan PubFactory to form KnowledgeWorks Global Ltd.
During the shutdown, the mills will be carrying out the required servicing, cleaning and maintenance works. The mills' re-start will get under way on Friday 18 September 2020.
Saica Group's Fresh Pack products are used for packaging fresh fruits and vegetables and the high-quality corrugated cardboard boxes can withstand extreme climate and transport conditions.
Graphic Packaging International is named as a defendant in a complaint filed in U.S. District Court by a Detroit firm representing clients who live near the company's mill at 1500 N. Pitcher Street in Kalamazoo.
The companies responsible for the pollution, NCR Corporation, Georgia-Pacific and Glatfelter, are paying for the cost of the project and will continue to pay into follow-up costs as the river continues to recover from the pollution. Cleanup costs are estimated to have reached $1 billion.
The stake is worth 7.2 billion reais ($1.36 billion).
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Production is scheduled to begin during the third quarter of 2022.
A comprehensive examination of the framework conditions has shown that it is not possible to continue production on the board machine in Hirschwang an der Rax, Lower Austria, economically.
The Vitop® tap forms an integral part of the Smurfit Kappa Bag-in-Box range, a collection of sustainable packaging solutions for liquid and semi-liquid products.
Kimberly-Clark Corporation announced that it has entered into a definitive agreement to acquire Softex Indonesia, a leader in the fast-growing Indonesian personal care market, in an all-cash transaction for approximately $1.2 billion from a group of shareholders including CVC Capital Partners Asia Pacific IV.
This next generation inflator creates the patented square pattern hybrid cushioning (HC) packaging material on-demand, saving companies valuable floor space while providing superior product protection to ensure products arrive to customers undamaged.
The installation of the new machinery also marks further progress in Mondi's ambition to further digitalise its business by using more advanced analytics and automation to better serve its customers with innovative and sustainable packaging and paper solutions.
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