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The operations of Metsä Group's only production unit in Russia, the Svir sawmill, have been suspended.
UPM will cease its deliveries to Russia for the time being. UPM businesses will keep the Russian customers and suppliers informed of the situation.
This week, the U.S. Department of Energy (DOE) recognized International Paper for committing to reduce GHG emissions by 35% by 2030, aligned with the best available climate science, and to work with DOE to share successful solutions and decarbonization strategies. As a partner in DOE's Better Climate Challenge, International Paper is one of more than 80 organizations across the U.S. economy that are stepping up to the Challenge and driving real-world action toward a low-carbon future.
Facing inadequate supplies of critical raw materials, Sylvamo may curtail or temporarily shut down pulp and paper production at its Svetogorsk, Russia, mill later this week. The mill is currently operating while the company takes steps to mitigate the supply chain issues and continue production.
Ahlstrom-Munksjö will update this statement as necessary as the situation evolves.
Stora Enso has three corrugated packaging plants and two wood products sawmills in Russia, employing around 1,100 people.
Millar Western Forest Products Ltd. has completed the sale of its wood products assets to Canfor Corporation. The transaction included lumber and specialty lumber mills in Whitecourt, Fox Creek and Acheson, Alberta, Canada, and associated woodlands operations and timber holdings.
Mondi PLC said it continues to monitor the war in Ukraine, and how any potential sanction against Russia could harm its business.
Chatham Asset Management, LLC, a leading private investment firm, and R.R. Donnelley & Sons Company announced that they have completed a transaction in which affiliates of Chatham have acquired RRD for $10.85 per share in cash.
Mondi has temporarily shut its industrial bags plant that employs about 100 people in Lviv in the west of Ukraine due to Russia's invasion of the country, according to a spokesperson.
Kimberly-Clark Corporation, the pioneer of menstrual hygiene products, announced that it has completed its acquisition of a majority stake in Thinx, Inc., an industry disruptor and the leader in reusable period and incontinence underwear category. The company made an initial minority investment in Thinx in 2019.
Canfor Corp. said Thursday it plans to sell its forestry and mill assets in Mackenzie for $70 million.
The new meltblown line is expected to be online in mid-2024.
Upon completion of the transaction, RRD's shares will no longer trade on the New York Stock Exchange, and RRD will become a private company.
The Net Zero Water system at the Green Bay mill reduces water demand through use of reclaimed water and alternative water sources, offsetting the need for freshwater consumption.
Today (Feb. 24) the union announced a three weeks' extension to the strike at most UPM's Finnish mills, until 2 April 2022, unless new collective labour agreements are reached before that.
In just four months, Tetra Pak has co-invested over Euro 11.5 million with recyclers and industry players, to help set up four completely new recycling solutions for carton packages in Turkey, Saudi Arabia, Ukraine and Australia.
With this investment, the company plans to increase production capacity to support further growth in the existing dye sublimation business, in combination with an improved first-class service and lead times.
Interfor announced that it has completed the previously announced transaction to acquire 100% of the equity interests of EACOM Timber Corporation from an affiliate of Kelso & Company, effective February 22, 2022.
Stora Enso is starting a feasibility study for the possible conversion of an idle paper machine at its Oulu site in Finland for a high-volume consumer board line. On a successful completion of the feasibility study, an investment decision could be made by the end of 2022 with start-up in 2025.
Cascades announced an expansion plan in the isothermal distribution market with the commissioning of a new production site in the western United States, in Tacoma (WA), and with the launch of new products under its northbox® brand of insulated boxes for fresh foods.
It took nearly 4 hours to bring the fire under control.
A total of 30 firefighters were called to the fire.
The investment will lead to cost savings but also increase the mill's production capacity. The investment will also improve the local environment by reducing the risk of odor disturbances.
The Domtar paper mill in Kingsport shut down production of writing paper in April 2020, as the novel coronavirus pandemic cut budgets by $200 million and over 300 people were laid off. The mill was idled and was originally supposed to reopen after three months. Then came the announcement that the paper mill would cease to produce uncoated freesheet, but would make recycled linerboard and medium instead.
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