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Mondi plc announces that it has entered into an agreement to sell its last remaining facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Sezar Invest LLC for a total cash consideration of RUB 80 billion (Euro 775 million) to be paid in a series of instalments.
International Paper announced that it has completed the sale of its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) in cash.
The corrugated packaging company will invest $500 million in Pennsylvania to create hundreds of jobs across the Commonwealth over the next ten years.
Georgia-Pacific said that approximately 525 jobs will be directly impacted by the decision to close the mill.
Governor Andy Beshear joined officials with Pratt Industries in Henderson to officially open the company's new $500M paper mill and box plant, which will create jobs across two facilities.
Canfor Corporation will be investing approximately $200 million to build a new state-of-the-art manufacturing facility in Houston, British Columbia, Canada. This low cost, high efficiency facility will have an annual production capacity of approximately 350 million board feet.
The 127,000 sq. ft. millwork facility is scheduled to be complete in the fourth quarter of 2023 and is expected to begin production shortly after the first of the year.
Hong Kong-based tissue and diaper maker Vinda International held management presentations in the last week for potential buyers of a majority stake owned by Sweden's Essity, three people with knowledge of the matter said.
Robotic equipment cleans recovery boiler spouts without manual intervention
Niklas Beyes is appointed CFO and a member of Ahlstrom's Executive Management Team as of September 15, 2023. Current CFO Jorn P. Jensen will leave Ahlstrom on September 15 to pursue new opportunities outside the company.
Prinzhorn Group's Hamburger Recycling has signed a contract covering the takeover of the Italian recycling company Eurocart, together with its affiliated company Berica Recuperi. The recovered paper specialist located in Vicenza operates with three logistic centers, 130 employees and has the capacity to collect and process 239,000 tons of paper for recycling and other secondary raw materials annually.
A paper mill near Escanaba will be temporarily laying off an unknown number of employees during a planned maintenance outage beginning the first week of October. Billerud said it is opting to idle its Escanaba Mill's paper machines during this outage due to a low demand for paper and inventory destocking. The company said it intends to take an additional week of market-related downtime following the maintenance to balance production with customer needs.
To meet the growing demand in the U.S., the Sofidel tissue paper group, well-known for its Regina, Nicky and customer brands, is further strengthening its production capacity with a $185 million investment in its integrated plant in Circleville, Ohio.
Fire crews across Northern Michigan were responding to a major fire near the Great Lakes Tissue Co. mill in Cheboygan on Wednesday, Sept. 13.
Etteplan and Stora Enso have made an agreement on Stora Enso's Sunila pulp mill Technology and Investments department transfer to Etteplan. The agreement covers the transfer of 10 Stora Enso project managers and engineers to Etteplan as of September 18, 2023. The transfer is related to Stora Enso's decision to close the production of pulp at Sunila Mill in Kotka, Finland by the end of 2023.
Pratt Industries Inc. has pledged to create more than 200 new jobs while investing $32 million into a new Dayton-area facility.
Smurfit Kappa and WestRock to combine, creating Smurfit WestRock, a global leader in sustainable packaging with unparalleled scale, quality, product and geographic diversity.
Units from the Toledo Fire Department, as well as the Emergency Response Team (ERT) from Georgia-Pacific, responded Monday morning, Sept. 11, after reports of a fire in the dryer section of the paper building at the Georgia-Pacific containerboard mill.
The Lenzing Group has made significant technical improvements to its Purwakarta site (PT. South Pacific Viscose) in Indonesia. Lenzing has invested more than Euro 100 million since 2021 to convert existing production capacity to specialty viscose. With the imminent completion of the investment, Lenzing is in a better position to serve the strongly growing demand for specialty fibers.
New site investment will propel consumer packaging made from recycled content in support of healthier planet.
The purchase price for this acquisition was $330 million.
The ND Paper mill, located along the Penobscot River in Old Town, was recently fined a sum of $101,400. It was put in place by the Department of Environmental Protection for a 2020 chemical spill which resulted in vast environmental damages.
The return to work will be gradual, starting September 18. Workers have been on strike since July 4. The company imposed this measure after a third production stoppage by employees.
The closure is part of the company's $500 million plan to expand its Broadway mill that will add roughly 500 new jobs. The expansion is scheduled to be operational for the first half of 2024.
Pratt Industries, a private company owned by an Australian billionaire, announced Thursday that it would build the plant in Warner Robins, with plans to begin turning out boxes by late 2024.
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