|
|
UPM is investing EUR 10 million in the development of UPM Plywood's plywood mill in Joensuu.
Pratt last summer said it will first construct a state-of-the-art, 450,000-square-foot paper mill that will manufacture 100% recycled products and will employ approximately 120 people. At the time, the company said construction of the mill would begin in March 2022 and be completed by fall 2023.
International Paper will build a state-of-the-art corrugated packaging plant in Atglen, Pennsylvania. The facility will employ approximately 150 team members.
R.R. Donnelley & Sons Company (RRD) Tuesday said it has agreed to be acquired by affiliates of Chatham Asset Management, LLC, a private investment firm, in an all-cash transaction with a total enterprise value of around $2.3 billion and total equity value of about $897 million. The company said it has terminated its previously announced merger deal with affiliates of Atlas Holdings LLC.
Cariboo Pulp and Paper was shut down for 16 days on November 29th, and Quesnel River Pulp was down to one third capacity for two weeks.
The Finnish Paperworkers' Union has issued a strike announcement to UPM, declaring a strike to all work under the expiring paper industry collective agreement at UPM.
Net proceeds from the transaction will be used to reduce Company debt.
UPM's investment strengthens the mill's competitiveness by improving the mill's security of supply and ensuring the high quality of demanding products.
Through a collaboration with Weyerhaeuser, Apex Clean Energy will leverage timberland to develop 1 GW of new solar and solar-plus-storage capacity.
According to a report by Arizton, an advisory firm providing comprehensive market intelligence reports and advisory and consulting services, the demand for the medical face masks was high as the impact of Covid-19 pandemic continued to expand.
Kimberly-Clark's project breaks down as $50 million for an expansion of the facility and $60 million for new tissue equipment.
The fire originated from a machine designed to heat and put wax to cardboard boxes before it spread and became a three-alarm fire, investigators determined.
Calls on Board to Declare Chatham's Offer Superior and Proceed to Signing by End of Day on December 13.
Sean McLaren, currently the Company's President, Solid Wood, will become the Company's Chief Operating Officer.
CMPC says it will purchase the forest and industrial assets of the pulp, paper and sack businesses of Iguaçu Celulose, Papel S.A., located in the States of Paraná and Santa Catarina of Brazil.
The $7.5 million investment saw the implementation of a wastewater treatment plant with state-of-the-art anaerobic technology, which reduces water intake from the nearby Magdalena River and improves the quality of water returned to it.
Brazilian pulpmaker Klabin SA KLBN11.SA announced on Wednesday it will invest 4.7 billion reais ($836.72 million) in 2022, of which 2.75 billion reais are expected to go to the development of its Puma 2 project.
The environmental assessment process is officially underway for Northern Pulp's estimated $350-million plan to reopen its idled kraft pulp mill in Nova Scotia's Pictou County.
Wynnchurch Capital, L.P., a leading middle market private equity firm, announced that it has acquired the thermal coating business assets of Appvion Holding Corp. and its subsidiaries.
The investment is a further step in Holmen's strategy to grow the wood products business and contribute to the green transition. This will increase the production at Iggesund Sawmill by 20 per cent as well as adding construction timber on top of its joinery products range.
A total of 106 employees are now at risk of redundancy, although the company said it is trying to relocate as many staff as possible to alternative sites, including one in Deeside.
Firefighters responded to the International Paper Company Monday morning after a tank behind the business caught fire and exploded.
Rayonier Advanced Materials Inc. announced that its Board of Directors elected Vito J. Consiglio to succeed Paul G. Boynton as President and Chief Executive Officer and Board member effective January 1, 2022. Mr. Boynton, who has served as President and CEO since the Company's spin-off in 2014, announced his decision to retire from the Company, and, as part of the leadership transition, he will assume the role of Vice Chair of the Board until the May 2022 Annual Meeting.
The approval formally recognizes International Paper as a leader in the low-carbon transition, and makes the company one of the first North American organizations in the paper and packaging industry with approved targets, joining over 1,000 others across industries and around the world.
Northwood and Taylor operations affected.
|
|
|
|
