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The facility, scheduled to be operational by the third quarter of 2023, will bring more than 60 new jobs to the area.
Annual report illustrates Sappi's commitment to advancing STEM careers for women and innovation with renewable resources.
Rengo Co., Ltd. announces that it has invested in FCL Co., Ltd. through third-party allocation and acquired a 20% share of the company.
Like Menasha Packaging, Color-Box is a corrugated packaging manufacturer specializing in high-graphic packaging solutions. Founded in 2000, Color-Box employs 550 and operates plants in Richmond, Indiana; Pelahatchie, Mississippi; and Madera, California.
Cenveo Worldwide Limited announced the successful completion of a management buyout of the business led by Chief Executive Officer, Rob Burton, Jr., President, Mike Burton, Chief Financial Officer, Mark Hiltwein, and Chief Strategy Officer, Ayman Zameli. As a result of the transaction, Cenveo is now 100% owned by its management with the Burton family being the majority shareholder.
McKinley Paper Company stored large paper bales inside of the warehouse, which an employee for the mill, Kristi Strelcheck, says all of their paper is now completely destroyed.
REVISED (IN BOLD) Now, as Paper Excellence plans to acquire Resolute, Domtar plans to sell their mills in both Dryden and Espanola to a third-party company DUE TO anticipated regulatory requirements related to the deal, which is expected to close in the first half of 2023, subject to approvals.
Mativ has approximately $3 billion in sales, supporting customers in more than 100 countries, and manufacturing capabilities on four continents.
The purchase price amounts to USD 320m (approximately SEK 3.3bn) on a cash and debt free basis for 80% of the company.
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.
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.
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.
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.
Green Bay Packaging Inc. this week announced it has acquired Interstate Packaging Corp. in Albert Lea. The acquisition was effective Thursday.
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.
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.
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.
Investigators are still working to determine what started the overnight fire.
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.
The accident took place at the installation site of the recovery boiler in the forenoon, the 25th of June, 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 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.
The purchase agreement includes options for PalletOne to purchase the remaining 50 percent of Dempsey after three years.
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