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Another forest products company has entered into an agreement to purchase the plant in a transaction that is expected to close later this year, RFP said Friday in a news release.
It was just over a year ago on May 20, 2022 when a fire devastated the interior of the Tolko Industries mill 8 km west of High Prairie.
The acquisition will expand plant operations, manufacturing capabilities, and increase market share for Mercer Mass Timber and parent company, Mercer International.
The plant's construction commenced in January 2023.
Stora Enso has announced further restructuring plans that will result in layoffs of a total of 1,150 its employees.
An agreement in principle was reached between the management and the union of Kruger Wayagamack, in Trois-Rivières, late Monday evening. About 250 employees have been on an indefinite general strike since June 1.
Previously, a motion by the company to dismiss a class-action suit in August 2022 was dismissed.
Klabin starts up paper machine 28 (PM28) of Puma II Project in Ortigueira, Paraná, Brazil. Equipped with advanced technology, the machine was designed to produce more resistant and higher quality paperboards, especially for the food and beverage segments.
Western Forest Products Inc. announced plans to temporarily reduce its lumber production over the next month by approximately 19 million board feet due to weak market conditions.
The mill's annual production capacity is approximately 160,000 cubic metres, which represents a 50 per cent increase in the company's total Kerto LVL capacity.
Georgia-Pacific is embarking on a $18 million upgrade that will modernize the Camden Plywood plant and help increase efficiency.
Smurfit Kappa has operated in Mexico since 1957 and has had a presence in the northern Baja California region for over 10 years.
Essity began work in April 2022 to exit the Russian market and in 2022 an impairment was carried out of the company's assets in Russia of approximately SEK 1.7bn.
The decision affects all 198 employees in the site.
After over a century of service providing the town with thousands of jobs, the Canton paper mill sounded its final bell May 24, signaling the permanent closure of the iconic site.
The City of Kalamazoo and Gov. Whitmer are among many entities and individuals listed in the suit, which demands hundreds of millions of dollars in compensation.
The aim is to develop the process to separate lignin from black liquor in pulp production and to further process it for new end-uses.
The closing of LSC Communications in Warsaw, Indiana will impact over 500 workers.
The agreed price for the company is US$40 million.
Unifor members working for Kruger Wayagamac Inc. paper mill went on strike beginning June 1, at 12 p.m.
Graphic Packaging will begin to close permanently its Auburn site later this summer, according to a notice filed with the Indiana Department of Workforce Development.
As a precaution, a part of the mill was evacuated.
The companies will collectively establish and contribute a total of $1.185 billion to a settlement fund.
UPM made its decision to invest in the Paso de los Toros pulp mill in 2019.
The closure will take place during the fourth quarter of 2023 and affect 89 people, of whom 50 will be made redundant.
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