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Mondi has received RUB 57 billion ($568 million) into its London bank account and it is in possession of a letter of credit for the final RUB 23 billion ($229 million), which will be paid in two equal instalments in each of November and December 2023.
The K3 machine is one of three CRB machines at the Kalamazoo facility and is the company's longest-running machine. K3 ceased operation on July 1 and this announcement reflects the decision to permanently shut down the 125,000-tons per annum machine.
Accursia Capital now operates the Stenay plant under a new brand, Stenpa. The Company, which will be renamed to Stenpa SAS produces specialty paper and has an annual capacity of 55,000 tonnes.
With a single operating location in Winnipeg, Canada, Reliance's operations are strategically located to serve the primary agriculture markets in North America. Reliance products utilize a unique in-mold fluorination barrier (IMF) process which provides a compelling additional capability to the Greif portfolio of barrier technologies.
Roseburg Forest Products is pleased to announce that Stuart Gray officially assumed the role of president and CEO on Oct. 1, 2023, finalizing a leadership transition first announced in July of this year. Grady Mulbery, who served as the company's top leader for the past seven years, retired on Sept. 30.
Boise Cascade has completed the previously announced acquisition of Brockway-Smith Company (BROSCO), a leading wholesale distributor specializing in doors and millwork.
Smurfit Kappa has inaugurated a pioneering purification and wastewater treatment plant in Belgrade, Serbia, the first of its kind in the country. The state-of-the-art plant is located on the site of Smurfit Kappa's Belgrade paper mill, which was acquired in 2019.
Sappi Europe's Kirkniemi Mill in Lohja, Finland, has successfully made the switch from using fossil fuels to renewable energy to fuel the production of the Galerie paper range.
Billerud inaugurates new recovery boiler - SP4 - at Frövi mills in Sweden. Hard work is behind the construction of the facility that is now in place and that meets both environmental and quality requirements. But not only that, it was also carried out on time and within budget.
Fire departments were on scene for about three hours, most of that time for the overhaul after the fire was put out.
Company did not reveal contracting firm nor the helicopter's owner in tragedy near Prince George.
Though the identities of those on board have not been released, they include contractors who were preparing to do field survey work for Canfor, a major lumber, pulp and paper producer based in Vancouver.
Curtailment extended another month for paper operations.
This investment will support ongoing plastic replacement with customers, increase capacity by over 20%, and significantly boost productivity.
Menasha Packaging Company in Edwardsville has announced 66 layoffs by Oct. 31 because of an employee reorganization.
Several fire departments responded to a blaze at the Weyerhaeuser wood production facility in Buckhannon, West Virginia on Monday, Sept. 25, but teams on site contained the fire quickly after it started.
The South Ostrobothnia Centre for Economic Development, Transport and the Environment issued its statement on the Environmental impact assessment (EIA) report for the Kaskinen paperboard mill of Metsä Board, part of Metsä Group. This concludes the mill project's environmental impact assessment procedure.
Klabin held the inauguration ceremony of Puma II, a project that marked the expansion of the Puma Unit, in Ortigueira, Brazil. This is the largest investment in the Company's history and the largest private investment ever made in the State of Paraná.
Vida AB, owned 70% by Canfor Corporation, will acquire a 50 million board feet sawmill from Ingarp Träskydd for 50 million SEK (CAD$6.0 million). The sawmill has the potential for expansion to 100 million board feet and the transaction is expected to close on October 3, 2023.
DS Smith Zarnesti paper mill has inaugurated its new Waste Water Treatment Plant, which is an essential component of Euro 11 million worth investment plan, launched in 2021.
The development programme for Metsä Board's white kraftliner mill in Kemi, Finland, has been completed in parallel with Metsä Fibre's new bioproduct mill. Metsä Board and Metsä Fibre are part of Metsä Group. In addition to increasing the mill's capacity by 40,000 tonnes per year, the development programme will reduce the mill's energy consumption by 5% and water consumption by around 40% per tonne produced.
SCA and Holmen have now conducted the feasibility study regarding a jointly owned sawmill. The study shows that the conditions to jointly create a large-scale and competitive operation are good. Work now continues to evaluate the different development options that have been identified.
West Fraser Timber is shedding two of its pulp mills located in the provinces of British Columbia and Alberta for $120 million as it doubles down on its wood building products focus.
Company partnering with Carbon Direct to deliver scientifically robust, high-quality forest carbon credits.
By building the new TMP line at Skogn, the Company ensures that it can produce on all machines without recycled fibres.
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