Leading Stories

The fire had been discovered by mill employees, who activated the fire suppression system for the machinery.

The Event impacted natural gas supply to the Company's facility in Jesup, Georgia, and has resulted in an estimated $4 million EBITDA impact to the Company. The Company continues to reserve all rights to more fully examine, and potentially contest, the validity of the financial penalty it has been assessed.

The transaction remains on course to close in the first half of 2023, subject to the satisfaction or waiver of the other conditions to the closing of the merger.

Armstrong and Soda Creek divisions to be down through to end of January, then re-evaluated.

An electrical fire knocked the power out to the Tolko Industries sawmill in Armstrong after the site's electricity substation went up in flames early Dec. 28.

Rayonier Advanced Materials Inc. announced that its facility at Jesup, Georgia has been impacted by a force majeure declared by its natural gas provider, Southern Natural Gas Company, L.L.C., due to an unscheduled outage of the Elba Express Pipeline's Hartwell Compressor Station (the "SNG Force Majeure Event", or "Event").

What is being described as a "perfect storm of events" has resulted in the unexpected shutdown of International Paper Company's Georgetown mill - and the Christmas weekend freeze is to blame.

What is being described as a "perfect storm of events" has resulted in the unexpected shutdown of International Paper Company's Georgetown mill - and the Christmas weekend freeze is to blame.

The project now proceeds with the finalization of the electrical, instrumental and automation works and commissioning.

Marcal Paper, a leading manufacturer of recycled and eco-friendly bath, towel, and tissue products, announced today that it has acquired von Drehle Corporation, a premier provider of quality towel and tissue products for the away-from-home market. Von Drehle Corporation will operate as a division of Marcal Paper. Terms of the transaction were not disclosed.

Michigan Attorney General Dana Nessel (D) this week announced a lawsuit against paper manufacturer Domtar, alleging the company's defunct Port Huron operation contaminated the community with "forever chemicals."

This follows Wynnchurch's investment in Nekoosa Coated Products, LLC ("Nekoosa") in November 2022.

SCA has acquired its first wind farm with the purchase of 36 wind turbines in Markbygden in Piteå municipality, northern Sweden. The park is acquired from the German company Enercon.

Saica Group has reached an agreement to acquire the majority of shares (76%) of Fox Recykling, a waste management company in Poland. Thanks to this acquisition, Saica strengthens its growth strategy in Eastern Europe and expands the footprint of one of its business divisions: Saica Natur.

The planned renovation and expansion of the Escanaba paper mill came one step closer to fruition Monday evening as the Wells Township Board voted to approve a Forest Products Processing Renaissance Zone. The renaissance zone allows the mill's owner, Billerud to enjoy a fifteen-year tax abatement.

Canfor Pulp Products Inc. is announcing the immediate curtailment of its Intercontinental Pulp Mill, which is expected to be in place for four weeks. The curtailment is due to the lack of available economic fibre as a result of sawmill curtailments. The downtime will remove approximately 24,000 tonnes of market kraft pulp.

Due to higher-than-expected major maintenance related costs at the company's Lewiston, Idaho mill, and other operational issues, the company now expects adjusted EBITDA for the fourth quarter of 2022 to be in the range of $28M-$34M and full year 2022 adjusted EBITDA of $227M-$233M.

The Russian authorities have not approved the sale of Mondi's Syktyvkar mill in the Komi Republic, Russia. Possible reason is too high transaction price.

The Mayr-Melnhof Group has sold its two packaging sites in Russia, St. Petersburg and Pskov, to the local investor Granelle following approval by the governmental authorities. The selling price amounts to approx. Euro 134 million.

One driver allegedly pointed a shotgun at another driver.

Company to expand its existing facility to have an installed capacity of 135,0000 tonnes.

The cash transaction of $300 million, subject to final closing adjustments, was funded through the Company's existing credit facility.

Stora Enso has initiated a sales process for a possible divestment of its consumer board production site in Beihai, China. The divestment would also include the Group's forestry operations in the surrounding region, which supply raw material to the Beihai site. The sales process supports Stora Enso's strategy to focus on long-term profitable growth within the areas of renewable packaging, building solutions and biomaterials innovations.

Boise Cascade's Building Materials Distribution (BMD) division announced the expansion of its distribution capacity in two markets.

Mondi plc said on Thursday it will sell three of its Russian packaging converting operations to Moscow-based Gotek Group for 1.6 billion roubles ($24.9 million).