|
|
The proposed acquisition is expected to add approximately $200 million in sales, $30 million in Adjusted EBITDA and will support strategic priorities of increasing integration rates and expanding customers and categories.
DS Smith, a leading sustainable packaging provider, announced it has entered into an agreement to acquire Bosis doo, a high-quality packaging company in Serbia.
The company announced in mid-July that it would be shutting down the facility and all other upstate facilities, leaving about 350 employees without work in South Glens Falls. Facilities affected include a warehouse and distribution center in Saratoga Springs and a converting facility in Greenwich.
The Cerrado Project will produce 2.55 million tons of pulp a year, increasing Suzano's market pulp installed production capacity to 13.5 million tons a year.
The curtailment at the Crofton site will be extended to the end of August. This includes pulp, paper and shipping operations. Global pulp and paper prices have continued to decline through July, mainly driven by high inventories and weak demand.
The Tacoma mill employs approximately 400 people.
Headquartered in Toronto, Canada, Hanna processes 300,000 tons of paper annually through its eight recovery facilities across North America. The company employs approximately 200 employees and services over 1,000 customers.
UPM Biochemicals has acquired SunCoal Industries GmbH, a German-based company that developed a unique technology portfolio to produce performance products from renewable raw materials.
Resolute Forest Products Inc., a subsidiary of Domtar Corporation and a part of the Paper Excellence Group, today announced that, on August 1, 2023, it completed the previously disclosed sale of the Thunder Bay (Ontario) pulp and paper mill to an affiliate of Atlas Holdings, pursuant to the terms of the asset purchase agreement dated May 26, 2023.
Company intends to use net sale proceeds of approximately $575 million to reduce debt.
The Paper Excellence Group (Paper Excellence) announced its updated organizational structure for its business units following the recent acquisitions of Resolute Forest Products in March 2023 and Domtar in November 2021.
Pactiv Evergreen, which closed its Canton paper mill in early June, issued a denial of wrongdoing in the dumping of chemicals into its wastewater treatment system. In a response to a violation notice from the NC Department of Environmental Quality, the company confirmed it disposed of chemical cleaning solution and sanitizer but said the discharge did not violate the water quality standards.
After a long process to identify potential buyers, Ahlstrom has received a binding offer from Accursia Capital to acquire the Stenay plant. The potential acquisition is subject to consultation with employee representatives.
The Euro 33.9 million investment is focused on equipment upgrades including purchasing state-of-the art machinery for innovative packaging to support ongoing plastic replacement and boost productivity in the East European market.
WestRock Co. will close one of its St. Louis facilities, laying off 54 workers in September, according to a notice filed with the state.
UPM Communication Papers plans to continue the temporary layoffs in Finland. The possible temporary layoffs could take place in several periods and would last a maximum of 90 days.
Officials said on Saturday, July 22, only six small areas remain smoldering at the Nippon Dynawave site in Longview.
It was reported 100 workers are getting a 3 percent raise and a $3,800 bonus in their new three-year contract.
The curtailment is currently scheduled to become effective July 29, 2023, until August 28, 2023.
The Prince George mill was temporarily curtailed last week, due to the strike by port workers.
Facilities affected include a paper mill in South Glens Falls, a warehouse and distribution center in Saratoga Springs, and a converting facility in Greenwich.
Cenveo did not give a reason for why it closed the plant, though the company has been restructuring after it filed for Chapter 11 bankruptcy in 2018.
A WELSH company that manufactures kitchen and toilet tissue paper has been fined £1million after an employee was seriously injured when he was struck in the face by a crane hook.
Workers walked out and production at the paper mill ceased due to the Teamsters Local No. 346 strike.
Fire crews are on the scene of a large commercial fire that began Tuesday night, July 18, at Nippon Dynawave Packaging in Longview, officials say.
|
|
|
|
