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The purchase price for this acquisition was $330 million.
New site investment will propel consumer packaging made from recycled content in support of healthier planet.
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.
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.
International Paper announced that Chairman and CEO Mark Sutton has requested that the Board of Directors move forward with the next phase of the company's CEO succession plan. This phase in the process will include a comprehensive evaluation of internal and external candidates for Sutton's successor. Sutton will continue in his role as chairman and CEO until his successor is in place.
The transaction represents the 70th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, Chairman and CEO of Imperial Dade, respectively. Financial terms of the private transaction were not disclosed.
The CT scanner and its fingerprinting technology also enables SCA to follow the logs journey through the sawmill, from sorting to finished product in the warehouse.
Domtar Corporation, a part of the Paper Excellence Group, announced it will indefinitely idle the pulp and paper operations at its Espanola, Ontario, facility for an expected period greater than one year. The decision will result in a curtailment of Domtar's annual pulp production by approximately 280,000 air-dried metric tons of northern bleached softwood kraft pulp and approximately 69,000 tons of specialty paper. The announcement will affect approximately 450 employees.
Metsä Group's Kemi mills are getting ready for a maintenance and connection shutdown to prepare for the deployment of the largest ever investment of the forest industry in Finland - the new bioproduct mill and paperboard mill expansion in Kemi.
The delivery will take place in March 2024.
These actions would reduce the number of employees by approximately 1,150. The parts of the change negotiations completed so far, will result in a reduction of 710 employees.
The Board of Directors of Norske Skog ASA has appointed Geir Drangsland as the new CEO as of 1 September. Drangsland succeeds Tore Hansesætre, who has decided to leave Norske Skog after more than 14 years in the company.
Metsä Wood and construction company SRV have signed an agreement for the construction of Metsä Wood's new Kerto LVL mill in Äänekoski, Finland. SRV will be the main contractor for the project, which will be carried out as a cooperative project management contract. Preparations for construction will begin immediately.
SCA and Persson Invest began their collaboration around Gällö Timber and the sawmill in Gällö, Jämtland in 2010. Since 2010, significant investments have been made in the sawmill to develop its operations and strengthen its competitiveness. Today, the sawmill has 115 employees and a capacity of 370,000 cubic meters of sawn timber.
ColePak is the second largest supplier of paper partitions in North America and has a compelling future growth path in that unique product niche.
The Board of Directors of Nordic Paper has decided to invest approximately SEK 850 m at the Bäckhammar mill.
Visy Industries unveiled a major AU$42.5 million upgrade to its paper recycling and remanufacturing campus in Coolaroo, Australia.
Metsä Group plans to boost biodiversity on its land areas in Kemi. Covering more than 650 hectares, the designated site encompasses Metsä Group's mill area and other areas in the Kemi urban environment.
Largest producer and exporter of packaging paper and sustainable paper packaging solutions in Brazil, and the only one in the country to offer short, long and fluff fiber pulp to the market, Klabin received approval for its use in Blue Angel products - the world's first environmental label, linked to the German Ministry of the Environment and the RAL gGmbH as competent bodies. Created in 1978, the seal takes a holistic view of a product's life cycle in order to assess its sustainability.
Following the rockslide and subsequent production stop at Saugbrugs PM6 (paper machine 6) in April this year, Norske Skog has decided to restart production at the previously idled PM5. The restart of PM5 allows Norske Skog to continue supplying SC magazine paper to its customers and keep its market position.
BROSCO is a fifth-generation, family-owned company founded in 1890.
This comes after members of Teamster Local 346 narrowly approved a 3-year labor contract with respect to the mill's 166 hourly employees on August 11. It ended a short notice strike that began July 15 over wages.
Canada will challenge what Ottawa described as "unfair, unjust and illegal" U.S. duties on Canadian softwood lumber products, the trade ministry said on Tuesday.
Due to current market conditions, the start of the project has been postponed to 2024.
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