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Chatham urges management and the Board to take seriously this suggestion to capitalize on the Company's strong liquidity while reducing gross debt and balance sheet risk.
The 285,000 square foot expansion will add up to 50 new jobs by the end of 2023.
About 190 employees will lose their jobs, but the company said those employees will be able to apply for other jobs in the company. That includes more than 100 new jobs that will be created with a $500 million expansion of the Broadway Mill in Green Bay. That expansion is for production of premium paper towels.
A fire shortly after midnight on Wednesday, March 16, occurred at the Pixelle Speciality Solutions paper mill in Chillicothe in the area where wood chips are kept, according to officials.
On March 16 the union announced a two weeks' extension to the strike at most UPM's Finnish mills, until 16 April 2022, unless new collective labour agreements are reached before that.
Canfor Pulp Products Inc. is pleased to announce the appointment of Kevin Edgson as President and CEO effective April 11, 2022.
The company said its board of directors has appointed Juan Carlos Bueno to succeed Mr. Gandossi as CEO and president, effective May 1, 2022.
US-based personal care company Kimberly-Clark has opened a new $100m state-of-the-art diaper manufacturing facility in Ikorodu, Nigeria, with the capacity to create over 1,000 direct jobs.
International Paper has no intention to seek suspension of operations or initiate any liquidation or bankruptcy proceedings with respect to Ilim Group.
Verso and BillerudKorsnäs now expect the merger to close in late-March or April of 2022.
The majority of operations at Columbia Pulp LLC will shut down for an undetermined length of time starting Friday, Feb. 18, while the young company works on developing a market for its unique product. Approximately 80 employees will be out of work, with a small staff continuing to handle daily business operations, though the company's interim CEO states this does not mean the pulp mill is going out of business.
Attorneys representing homeowners complaining about a foul odor coming from the New-Indy paper mill in South Carolina are frustrated with the EPA's lack of urgency.
The ban will affect the countries from 'unfriendly' states list recently released by Russia, including the U.S. and the EU countries. According to the Ministry of industry and trade of Russia, the ban will ensure the needs in the domestic market in affordable raw wood, as well as stimulate a further increase of wood processing within the country.
MM has stopped all cartonboard deliveries to Russia.
International Paper (IP), one of the world's leading producers of renewable fiber-based packaging and absorbent pulp solutions, is announcing another investment program worth 100 million MAD (10 million EUR) at its production facilities in Morocco for 2022. The investment comes in response to the continued increase in demand for corrugated packaging solutions.
Due to unaffordability of operations in the current energy environment, temporary downtime has been initiated at the Bruck paper mill in Austria.
UPM will suspend purchasing of wood in and from Russia as well as the UPM Chudovo plywood mill operations for the time being. The company is preparing a mitigation plan accordingly. UPM also informed on 3 March 2022 that it will cease deliveries to Russia.
Firefighters were called to Dunn Paper in the town of Gouverneur shortly after 11 p.m. Sunday, March 6.
In support of the Ukrainian people as they deal with the tragedy unfolding in their country, J.D. Irving Limited will match their employees' donations to the Canadian Red Cross' "Ukraine Humanitarian Crisis Appeal" up to $100,000.
Industry pressed with significant inventory challenges
Powell River Mayor Dave Formosa says he was "basically shocked" to learn that the corporation Paper Excellence, which owns the local Catalyst Tis'kwat pulp and paper mill, has listed the property with real estate firm Colliers, after collaborating enthusiastically with the community for months on the search for a climate-friendly successor.
Metsä Fibre, part of Metsä Group, starts negotiations on its plans to discontinue the lumber production in Kyrö, Finland in the summer of 2022. The production stop will affect all the sawmill's 73 employees.
To ensure the supply of high-quality forest seedlings now and in the future, Södra has decided to build a cold store that holds 40 million forest seedlings. The warehouse will be built near Falkenberg and will be ready in the summer of 2023.
Sylvamo is beginning an orderly suspension of operations in Russia. The suspension will focus on employee and contractor safety and environmental stewardship. It will be conducted in a manner to allow a resumption of full operations in an environment consistent with the company's values.
BillerudKorsnäs and Viken Skog plan to initiate a feasibility study about future pulp production at Follum. This will be completed during the first half of 2023. The intention is to establish a state-of-the-art production line for bleached chemi-thermomechanical pulp (BCTMP) at the Follum mill with a capacity assumption of up to 200 kt/a.
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