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The purchase price amounts to USD 320m (approximately SEK 3.3bn) on a cash and debt free basis for 80% of the company.
Mativ has approximately $3 billion in sales, supporting customers in more than 100 countries, and manufacturing capabilities on four continents.
Through the acquisition, Essity will strengthen its position in leakproof apparel, the fastest growing product segment in Intimate Hygiene which includes Feminine Care and Incontinence Products.
Western Forest Products Inc. announced capital investments totaling approximately $29 million towards its British Columbia (B.C.) operations in Canada. These capital investments represent an increase of $13 million over and above the $16 million of capital investments discussed in the Company's 1Q 2022 Management's Discussion and Analysis.
The Board of Directors of Southeastern Timber Products LLC, an STP-Tolko Partnership (STP) are pleased to announce a $150 million USD capital investment in the STP lumber mill in Ackerman, Mississippi. The partnership is a joint venture between Tolko Industries (U.S.) Ltd. and STP Holdings, LLC. This investment is the next step in an expansion project that will upgrade the mill from 120MMFBM to 250MMFBM annual capacity. The project will conclude in the first quarter of 2024.
Domtar, which was bought by the Paper Excellence Group last year, said the deal will help bolster Paper Excellence's expansion into North America. Domtar said it will create a new subsidiary, which will merge with Resolute Forest to execute the transaction.
Currently, the fire has been primarily extinguished but as is customary in such cases, the site will be monitored for hot spots for several more days. The fire did not damage the mill operations and the damage appears to have been confined to the wood chip storage bunkers and associated conveying systems.
Smurfit Kappa has completed a large-scale sustainability project at its Zülpich paper mill in Germany, which significantly reduces the plant's CO2 emissions. The Euro11.5 million investment included a major redesign of the plant's multi-fuel boiler to provide a more sustainable fuel source for the generation of steam and electricity.
Friday, July 1, marks one year since N.C. Gov. Roy Cooper announced Roseburg's plans to build a new, state-of-the-art dimensional lumber mill and create 140 new jobs in the Roanoke Rapids region. Plenty has happened since then on the site of the former Roanoke Valley Energy facility in Weldon, N.C.
Green Bay Packaging Inc. this week announced it has acquired Interstate Packaging Corp. in Albert Lea. The acquisition was effective Thursday.
Canfor Pulp Products Inc. and Canfor Corporation jointly announce the release of the 2021 Sustainability Report which includes additional performance targets for Climate Change, Water Management, Waste Management, and Air Quality.
Empire Recycled Fiber (ERF) says it has made the decision to relocate its recycled containerboard mill project from Fairless Hills, Pennsylvania to the Dayton, Ohio regional market.
Investigators are still working to determine what started the overnight fire.
The purchase agreement includes options for PalletOne to purchase the remaining 50 percent of Dempsey after three years.
The purchase agreement includes options for PalletOne to purchase the remaining 50 percent of Dempsey after three years.
The reverse stock split is expected to become effective on July 7, 2022, and the shares are expected to begin trading on the split-adjusted basis on the NYSE at market open on July 8, 2022.
Mercer International Inc. is deeply saddened to announce that an employee has passed away at its Rosenthal mill in Germany on June 25, 2022. Mercer and local authorities conducted an investigation and so far determined that the tragic loss was not work related.
The accident took place at the installation site of the recovery boiler in the forenoon, the 25th of June, 2022.
The No. 7 paper machine had caught fire, filling the workspace with smoke, Madawaska Fire Chief Jim Soucy said. Workers had to be evacuated from the building while emergency workers put out the fire.
No injuries were reported and the fire was contained to the site of origin.
Canfor's investment is modernizing the facility with cutting-edge technology and equipment to position the company to meet growing global demand for its wood products. The upgrades are expected to be completed by the end of 2022.
Although the particleboard line was already commissioned in July 2020, it was only now possible to formally open the new production facility due to the Covid-19 pandemic.
The episode will spotlight the day-to-day activity of International Paper's dedicated employees as they help to provide some of the biggest companies in the world with products made from renewable resources.
With over 130 years of history and experience, CR Meyer's mission is to be a trusted expert in industrial contracting; to drive the success of our industry partners in safely visualizing, designing, and building their future.
The NYSE American staff determined that the Company's continued listing is predicated on it effecting a reverse stock split of its common stock or otherwise demonstrating sustained price improvement within a reasonable period of time, which the staff determined to be until December 23, 2022.
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