Leading Stories

Complementary capabilities, product offering, and customer base solidifies leadership position in priority high growth medical device packaging segment.

Around 1,300 employees may be affected by the plans.

Cosmo Specialty Fibers Inc. has gained new ownership following more than 12 years since the mill was bought by The Gores Group, a Los Angeles-based private equity firm, in 2010. The United Kingdom-based firm, Charlestown Investments, is the new owner.

This temporary reduction in output is expected to be mostly concentrated outside of Interfor's US South operating region.

Central National Gottesman Inc. (CNG), a $9B global sales, marketing, and distribution leader in the pulp, paper, tissue, packaging, wood products, and metals industries, announced that it has signed a definitive purchase agreement to acquire S.P. Richards (SPR), an independent business products wholesaler based in Atlanta, Georgia. The closing is expected to take place on January 31, 2023.

The pulp line is expected to close by the end of the first quarter of 2023 and is anticipated to impact approximately 300 positions across the organization by the end of the year.

Progroup has invested around Euro 72 million in the project at the site, which covers around 28,000 square metres, and created 50 new jobs.

Mondi plans to invest around €200 million in converting the existing lightweight coated mechanical paper machine at the mill into a high-quality, cost-competitive recycled containerboard machine with an annual capacity of around 420,000 tonnes.

International Paper intends to build a new 20,000-square-foot building at the Cedar Rapids mill that would be home to a boiler and water treatment plant. Together, they would provide steam power to the Cedar Rapids facility. Previously, the plant used the coal-powered Prairie Creek Station. However, that facility is being closed.

The indefinite curtailment of Perry Sawmill will impact approximately 126 employees and will reduce West Fraser's US lumber production by 100 million board feet.

Memphis, Tennessee-based International Paper is planning a $102 million expansion of its Cedar River Mill in southwest Cedar Rapids.

Paper Excellence Group, a private company controlled by an Indonesian billionaire, is poised to expand in Canada's forestry industry by diversifying into the lumber sector with its contentious takeover of Resolute Forest Products Inc.

The company said that the closing of the plants is due to the continuing decline in demand for long-run catalog and magazine printing.

More than 480 paper mill workers from the Mahrts Mill in Cottonton, AL have been off the job after a dispute over contract agreements since October 2022.

The Packaging Corporation of America (PCA) paper mill in Jackson has called employees back to work and is expected to resume production Monday, Jan. 9.

This will remove approximately 21 million board feet in addition to the 150 million board feet previously announced on December 5, 2022.

Sylvamo acquires Stora Enso's uncoated freesheet paper mill in Sweden, for €150M.

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

Despite efforts to rescue him, a worker died in a hopper accident at a Newark gypsum plant and distribution center Tuesday, Dec. 27 according to the Alameda County Fire Department.

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

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.

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.