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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.
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.
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.
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.
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.
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.
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.
One driver allegedly pointed a shotgun at another driver.
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.
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.
The cash transaction of $300 million, subject to final closing adjustments, was funded through the Company's existing credit facility.
Company to expand its existing facility to have an installed capacity of 135,0000 tonnes.
Port Townsend Paper Corporation has been fined $56,250 for exceeding an air quality limit at its Port Townsend mill, the Washington Department of Ecology announced Wednesday.
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).
Boise Cascade's Building Materials Distribution (BMD) division announced the expansion of its distribution capacity in two markets.
Sylvamo, known as the world's paper company, showed off its new worldwide headquarters in East Memphis on Wednesday.
The current upgrade and modernisation project will focus on Paper Machine 11 (PM11), which will undergo extensive modernisation of automation and electrical equipment including drives, control systems, quality control and inspection systems as well as upgrades to the coating profile and other areas.
Billerud, a Swedish paper and pulp manufacturer, is eyeing the Escanaba Mill to upgrade from producing paper to making an advanced paper product known as paperboard or cartonboard.
In the first step, a new silicone coater will be installed at the Pulaski, New York site in mid-2023. The second step is the expansion of the paper machine capacity in Drummondville, Canada, from currently 32,000 tons to over 40,000 tons per year.
A firefighter was transported to Jefferson Healthcare for exhaustion-related symptoms from fighting a fire Tuesday morning at the Port Townsend Paper Mill.
Helen Mets is appointed President and CEO of Ahlstrom, effective January 1, 2023. With the company entering the next phase of growth and transformation, Helen will succeed current President and CEO Hans Sohlström, who has contributed greatly to Ahlstrom's success since 2016. Hans will leave Ahlstrom at the end of December to pursue new opportunities outside the company.
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