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The boards of Rottneros and Arctic Paper have decided to invest 15 million euro in a moulded fiber tray factory at Arctic Papers premises in Kostrzyn, Poland. The factory will be operated in a separate legal entity and as a 50/50 joint venture, in line with the LOI that was signed by the parties on October 22nd, 2021.
Asia Pulp & Paper (APP) Sinar Mas has confirmed that there has been a tiger attack in the concession area of one of its subsidiaries, PT. Satria Perkasa Agung (SPA), resulting in a fatality to an employee of a contractor on February 5, 2022.
Catalyst Paper's Tis'kwat mill has begun its indefinite curtailment in earnest, with many workers putting in their final day at the mill on February 4.
The Pratt facility is expected to produce 247,000 tons of containerboard in its first year of operation, with a gradual increase to 543,000 tons by the 10th year, staying at that production level until the bonds expire.
At least two workers were killed and another 15 sustained burns after a major fire broke out in Kasur's Bulleh Shah Paper Mills on Wednesday.
For 2021, Stora Enso is publishing one combined Annual Report covering our strategy, financials, sustainability reporting, corporate governance and remuneration.
Special Meeting of Verso Stockholders to Approve Merger Scheduled for March 11, 2022
After 14 years with Canfor, Alan Nicholl, Executive Vice President, Bio-Based Solutions & Pulp Operations, has accepted the role of Managing Director with Licella Holdings, Canfor's joint venture partner in Arbios Biotech (Arbios) effective April 2022. Alan will continue to serve as President & CEO of Arbios.
The project will begin operating in the first quarter of 2023, and aims to increment its production capacity of 80,000 tonnes of corrugated boxes per year to serve the growing fruit market in the northeast region of Brazil.
Northern Pulp has applied to the British Columbia Supreme Court to send its $450-million lawsuit against the province to mandatory mediation.
Ahlstrom-Munksjö, a fiber-based materials manufacturer officially began expansion to their Madisonville facility last week, a project which is expected to create 51 new, well-paying jobs, reportedly coming in at $35 per hour, on average. Those jobs are expected to begin in mid-2023.
McKinley Paper Company, a U.S. subsidiary of Mexico-based Bio PAPPEL, announced the purchase of Midwest Paper Group from investment fund IOP. Terms of the deal were not announced.
The Finnish Paperworkers' Union has today informed UPM that their strike at UPM's Finnish mills will be extended by three weeks until 12 March 2022, unless new agreements are reached before that. The Paperworkers' Union's strike at UPM Pulp, UPM Biofuels, UPM Communication Papers, UPM Specialty Papers and UPM Raflatac units in Finland started 1 January 2022. Currently, approximately 200 union members are working in tasks critical to society, such as power plants and water treatment facilities.
Vancouver-based West Fraser is the only company that will see its rate rise, report says.
Stora Enso is investing EUR 8 million to double its production capacity of formed fiber in Europe. With new machinery in Hylte, Sweden, Stora Enso will meet the increasing demand for formed fiber. The investment further strengthens Stora Enso's position as a leading provider of renewable materials that replace fossil-based ones.
The mystery party had been circling since at least November but has never been named in R.R. Donnelley's public statements. The unsolicited offers started during a two-month bidding war between Chatham and Atlas Holdings, which Chatham ultimately won.
The purchase price, before transaction costs, was $124.2 million.
The purchase price amounts to USD 40m (approximately SEK 370m) with a potential additional earnout amount of USD 10m (approximately SEK 90m) on a cash and debt-free basis.
Expanded team will be instrumental in delivering future growth and ongoing continuous improvement focus at Greif.
WestRock Company has announced plans today to build a new corrugated box plant in Longview, Washington, to meet the growing demand from WestRock's regional customers in the Pacific Northwest.
The man was reportedly repairing a machine when he was crushed.
The class-action lawsuit filed against a mill in Kalamazoo will be moving forward.
The final report for the August 2021 explosion has not been released by the N.C. Department of Labor.
Mario Plourde, President and CEO commented: "Without question, we are very disappointed with our performance in the fourth quarter."
The CEI rates companies on detailed criteria, including non-discrimination policies across business entities, equitable benefits for LGBTQ+ workers and their families, supporting an inclusive culture, and corporate social responsibility.
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