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Continued strong demand in tissue, improved demand in paperboard.
Fire crews remain at the scene of a paper mill blaze more than 24 hours after they first arrived to tackle the flames.
The Washington Department of Ecology issued two penalties totaling $145,000 to Weyerhaeuser for stormwater violations at the company's Longview lumber mill.
The objective of the operation is to ensure the efficient functioning and reliability of the equipment at the unit.
DS Smith has injected more than €50m ($54.2m) into its Portuguese facilities over the past three years, underscoring its commitment to sustainability and innovation.
The fire started in the air handling system for two paper machines. "Fire crews were chasing fire through the duct system... when a large fireball erupted from the vent on the roof of the building," the Green Bay Metro Fire Department reported. Firefighters had to cut through the roof, which was labor-intensive.
Pactiv Evergreen argued this week that it should not have to repay North Carolina the full $12 million in economic incentives it received for employing workers at its now-shuttered paper mill in Canton.
WorkSafeBC has fined Louisiana Pacific Canada Ltd. Dawson Creek OSB Division $316,061.
Canfor Corporation is pleased to announce the completion of the acquisition from Arkansas Resolute El Dorado Inc., of its lumber manufacturing facility in Union County, Arkansas. The transaction, previously announced on May 1, 2024, is a strategic complement to the Company's existing regional operations, including its adjacent El Dorado Laminating Plant and its nearby Urbana sawmill.
Sonoco Products Company reported financial results for its Q2 ended June 30, 2024. Net sales decreased 5% to $1.6 billion primarily driven by the Protective Solutions ("Protexic") divestiture, the closure of a thermoformed food packaging plant, the treatment of recycling operations as a procurement function beginning January 1, 2024 and lower selling prices; overall volumes were positive and up low single digits including the impact of acquisitions.
Western Forest Products Inc. announced that Glen Nontell has been appointed Chief Financial Officer effective August 1, 2024.
One of the largest timberland transactions to date in Brazil, and the largest ever in the state of Mato Grosso do Sul.
Canfor Corporation reported an operating loss of $250.8 million for the Q2 2024, compared to an operating loss of $85.8 million in the Q1 2024.
APRIL, one of the most technologically advanced pulp and paper producers in the world, has recently completed the latest round of recruitment for its "APRIL Sustainability Professional Readiness Programme" (ASPiRE), an accelerated on-the-job training initiative that empowers post-graduates to be future leaders in ESG and sustainability.
Ahlstrom will proceed with the closure of the Bousbecque plant in France. The plant has an annual capacity of approximately 12,000 tons and employs 117 people. Ahlstrom continues to explore options to divest the property.
West Fraser Timber's Q2 2024 sales were $1.705 billion, compared to $1.627 billion in the Q1 2024. Q2 2024 earnings were $105 million, or $1.20 per diluted share, compared to $35 million, or $0.42 per diluted share in the Q1 2024. Q2 2024 Adjusted EBITDA was $272 million compared to $200 million in the Q1 2024.
The transaction includes an annual production capacity of 340,000 metric tons distributed across four production sites in Shelby, North Carolina, Lewiston, Idaho, Las Vegas, Nevada, and Elwood, Illinois. The completion of the acquisition is expected within 2024, subject to receipt of customary regulatory approvals and satisfaction of other customary closing conditions.
International Paper reported Q2 2024 financial results. Net sales for the Q2 increased to $4.73 billion, compared to $4.68 billion in the Q2 2023.
With a capacity production of 440.000 tonnes of paper and 535 million square meters of corrugated board packaging, Schumacher Packaging employs 1,540 people in Poland. The turnover of the Polish sites was 327 million euros in 2023 (aggregated sales).
Bolt-on additions will further enhance Southern Timberlands portfolio and expand footprint in attractive markets.
With reference to the fire and subsequent explosion which occurred on a supplier truck delivering liquid oxygen to the Sappi Saiccor Mill in Umkomaas, KwaZulu-Natal, the following update can be provided.
Kimberly-Clark says supplies are constrained and private-label brands are offering more promotions.
Stora Enso invests EUR 3O million to upgrade and grow its corrugated packaging production in Ostrołęka, Poland, where the company already has a solid foothold. Stora Enso's corrugated products are currently being used in many industry segments, such as food and beverage, electronics, furniture and e-commerce.
John Baird, Chairman of the Canfor Corporation Board of Directors, announced that Don Kayne, President and Chief Executive Officer, plans to retire at the end of the year.
Brazil's Suzano, the world's largest pulpmaker, is looking to expand its paper footprint internationally while continuing to increase production at home, the company's chief financial officer said.
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