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UPM Plywood is planning to restructure its organization and scale its operations to meet the reduced production capacity and the deteriorating market situation. The company will begin employee negotiations involving 262 salaried employees in the staff and global functions, in the sales offices and in the Finnish mills.
Structurlam Mass Timber Corporation, the leading mass timber manufacturer in North America, announced it has entered into a stalking horse asset purchase agreement (the "APA") with Mercer International Inc. to sell substantially all the Company's assets in British Columbia and Arkansas for US$60 million.
The strategic review includes exploring different options and may result in divestments, although no such decisions have yet been taken.
The investment is planned to be operational in 2024.
Following a guilty plea in the Ontario Court of Justice, Resolute Forest Products Inc. was fined $120,000.
Packaging and speciality paper manufacturer Sappi Europe has invested a double-digit million euro sum in a new plant to produce innovative high-barrier papers - including an all-new type of barrier coating machine. Recently put into operation at the company's Alfeld site in Germany, the in-house solution will produce high-barrier papers for recyclable packaging for food and non-food applications.
Mercer Peace River (MPR) announces the completion of the Fibre Procurement Project. This milestone was celebrated with a ribbon cutting in front of the newly revitalized woodroom at the MPR site with dignitaries in attendance.
The MM Group (MM) has approved a comprehensive investment project to increase the long-term competitiveness of its largest board and paper mill, MM Kwidzyn in Poland. Energy and CO2 cost reduction, pulp integration and entry into the market for sack kraft papers are to set the mill up for sustainable future success.
Holmen is investing SEK 450 million ($43.9 million) in rebuilding a paper machine at Braviken Paper Mill in Sweden.
The start-up is planned for 2024.
Saugbrugs PM6 has a capacity of 260,000 tonnes SC magazine paper. Operations at Saugbrugs PM4 continue, the machine has a capacity of 100,000 tonnes SC magazine paper. The production and financial impact is currently uncertain.
Resolute Forest Products Inc. held a ceremony to inaugurate its new commercial-scale plant for the production of cellulose filaments at its Kénogami paper mill in Saguenay, Quebec.
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DS Smith announced an ambitious upgrade program to its kraft paper mill in Viana, Portugal. A multiyear Euro 145 million package of investments will bring some of the most up to date paper-making machinery to Viana, rebuilding the mills paper machine and reducing CO2 emissions.
The start-up is planned for 2024.
LP Building Solutions (LP) and Forex Inc. have entered into a definitive agreement under which LP will acquire the assets owned by Wawa OSB Inc., a subsidiary of Forex Inc.
Van Den Heuvel was convicted of fraud in Wisconsin and handed a 7.5-year prison sentence in 2019. He was released during the COVID-19 pandemic to serve the remainder of his sentence under house arrest in Cheboygan.
Rajeski's Expanded Role Includes Responsibility for Overseeing all Aspects of the Business.
A fire of unknown origin broke out at the Soundview Paper Co. in downtown Putney on Friday afternoon, drawing dozens of firefighters from area departments to fight the blaze on a hot afternoon.
A contract worker at a northern Michigan paper mill has died from a fungal infection that has forced the business to temporarily close for deep cleaning.
As part of a planned $108 million project, Georgia-Pacific has given the green light on $50 million in upgrades to boost paper towel output at the company's Port Hudson paper mill in Zachary, company officials said Monday.
The project includes the new construction of a 4,000 m2 planing house adjacent to a sawmill.
Employees at the Sappi paper mill in Cloquet are returning to work after being forced to evacuate Friday, April 14 as a precautionary measure due to rising water levels along the St. Louis River.
Roseburg Forest Products announced Friday (April 14) that it planned to invest $700 million over the next four years to upgrade and expand its manufacturing operations in Southern Oregon, where the company was founded nearly 90 years ago.
Billerud announces the temporary idling of the Escanaba Mill for up to three weeks as a precautionary measure to protect the health and safety of its employees and contractors due to a blastomycosis fungal infection outbreak.
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