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Mondi Group announced that it has agreed to buy German supplier Ascania from Schloss Neugattersleben Group, a private equity firm, for €54 million.
The NYSE has 45 days in which to evaluate Verso's listing compliance plan.
A Domtar employee was killed in a workplace accident Friday in Ashdown, Arkansas. Domtar officials say Velma Marie Perkins was killed in a rail car incident at the mill.
International Paper in Kenton, Ohio is opening a $70 million expansion of its existing facility. The expansion will allow the facility to produce more than six billion cups, lids, and cartons each year.
Arauco North America is investing $325 million to build the largest continuous press particleboard mill in North America.
The project has received $190 million in support from the Québec government.
Construction of the project is slated to begin in October 2015 and expected to be completed in September 2017.
Allen Campbell has over 30 years of financial leadership experience in industrial manufacturing, including 10 years as the CFO of Cooper-Standard Holdings Inc.
KapStone has accepted an offer from its pulp and paper workers union to return to work, the union announced late Friday night.
Fire officials said the fire spread into and through the building's exhaust system, which caused the fire to be on the inside and outside of the dryer building.
This is the second of the mill's five paper machines to be brought back online following a work stoppage.
The initial cash consideration for the divestment of the shares is approximately EUR 12 million, subject to customary closing day adjustments.
SCA has decided initiate a dividing of the group into two divisions: a Hygiene division and a Forest Products division.
KapStone millworkers in Longview have officially gone on strike, union officials said early Thursday morning.
Attorneys representing laid-off or soon-to-be-laid-off workers made their case before a federal judge Monday afternoon that the closures are the result of Verso wielding too much influence in the North American market for coated paper and seeking to earn higher prices for their coated paper after cutting the supply.
Verso Corporation announced Friday that the New York Stock Exchange has notified Verso that it has fallen below the NYSE's continued listing standard requiring that Verso's average market capitalization be at least $50 million over a consecutive 30-trading-day period.
Verso Paper Corp. announced Thursday it plans to lay off 300 people at its mill in Jay and another 310 at a mill in Kentucky at the end of this year or in early 2016.
The added volume will be marketed to the joint venture company's existing applications and geographical markets. The investment by LignoTech is estimated at approximately US$ 8.5 million, and the project is expected to be completed in 2017.
The production plant has an annual capacity of 35,000 tons. Production will be discontinued in October 2015.
Asia Pulp & Paper Group (APP) today announced it is committing to retire around 7,000 hectares of commercial plantation areas to protect threatened carbon-rich peatlands, the first time that plantations on tropical peatland have been retired for conservation purposes worldwide.
No one was injured. Details of damage have not yet been released.
WestRock Company has entered into a definitive agreement to acquire SP Fiber Holdings, Inc., a producer of recycled containerboard and kraft and bag paper with mills located in Dublin, Georgia, and Newberg, Oregon.
R.R. Donnelley & Sons Co. said Tuesday that it plans to split itself into three publicly traded companies, joining the recent wave of companies looking to spur growth by breaking up.
KapStone officials Monday declared a bargaining impasse and told pulp and paper union officials they will implement most of the company's latest contract offer by Friday, according to the union.
FiberMark sells globally from six production facilities in the United States and one in the United Kingdom.
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