|
|
The Securities and Exchange Commission today announced that R.R. Donnelley & Sons Company (RRD), a global provider of business communication and marketing services, agreed to pay over $2.1 million to settle disclosure and internal control failure charges relating to cybersecurity incidents and alerts in late 2021.
The first curtailment will begin June 28th and run until July 15th, 2024, with a second set of reduced employee hours slated to begin august 26 to September 6th, according to the memo.
State-of-the-art technology increases the production speed of sustainable fiber-based packaging solutions.
Sodra's Mönsterås mill is strengthening its position as a producer of green electricity with a new GIS switchgear from Siemens Energy.
Metsä Group's pre-engineering project for a potential commercial-scale Muoto fibre product plant is progressing. After the pre-engineering phase, Metsä Group may consider making an investment decision. The partners selected for the pre-engineering project are Elomatic, SRV, Valmet Technologies and A-insinöörit Suunnittelu.
Hygiene and health company Essity is presenting new financial targets based on the company's portfolio following the divestment of the subsidiary Vinda. The new targets are an increase in ambition with an emphasis on profitable growth and are based on the company's robust platform with leading positions in growing and attractive markets.
Södra is investing in a production line at Värö which will create a vegetable tanning agent from bark. This new tannin can be used to process leather in a more environmentally friendly way. Scheduled to be commissioned in 2026, the plant will have the capacity to produce tannins for millions of square metres of leather.
Protective packaging supplier Sealed Air (SEE) has announced the appointment of Patrick Kivits as its new chief executive officer, effective 1 July 2024. Kivits is now serving as president of corrugated packaging at paper and packaging company WestRock, overseeing all the company's business in Central America.
Conifex announced the curtailment of its sawmill and planer operations for two weeks starting June 17, 2024. This decision follows ongoing weather-related transportation issues that have delayed spring log deliveries, resulting in lower-than-expected log inventories, according to the company.
Visy Pulp and Paper Pty Ltd must pay more than $200,000 after untreated wastewater from their Tumut paper mill polluted local creeks in October 2022.
WestRock Company, a leading provider of sustainable fiber-based paper and packaging solutions, announced that, based on the preliminary vote count, WestRock stockholders voted to approve the Transaction Agreement and other proposals related to the combination of Smurfit Kappa Group plc ("Smurfit Kappa") and WestRock (the "Combination") at WestRock's Special Meeting of Stockholders held earlier today (June 13).
Metsä Group and the technology company Andritz will investigate the possibility of building a carbon capture facility in connection with the bioproduct mill. The work focuses on the capture of 4 million tonnes of carbon dioxide from a mill the size of the Kemi bioproduct mill. The Kemi mill is the largest wood-processing mill in the northern hemisphere.
The cause is under investigation by the fire marshal's office.
The recent financing, which includes new capital investment and amendments to the Company's credit facilities, was completed in collaboration with the Company's existing lenders and has substantially bolstered the Company's cash liquidity position.
Under the terms of the agreement, Suzano will acquire a 15 percent stake in Lenzing from B&C and the two shareholders will form a long-term syndicate which will hold the majority stake (52.25 percent) in the company. Subject to the closing of the transaction, B&C will hold a 37.25 percent stake in Lenzing and keep the role as controlling member of the new syndicate, with Suzano holding the minority stake of 15 percent. The price per share will be EUR 39.70, with a total acquisition purchase price of EUR 230 million to be fully paid at closing.
Smurfit Kappa, Europe's largest paper packaging producer has invested over €30 million across two projects in Spain to further reduce CO2 emissions.
Starkraft, a business unit of Heinzel Pöls, part of the Heinzel Group, announces the successful launch of its PM6 at the Steyrermühl paper mill in Austria, marking a significant milestone in its journey towards enhanced productivity and global expansion. With this strategic investment, Starkraft elevates its production capacity to a total of 350,000 tons of kraft paper per year.
Sappi say the company's most recent three-year contract offer included wage increases, retirement plan improvements and a signing bonus but said a majority of the 150 union workers represented by the National Conference of Firemen and Oilers Union turned down the company's offer and have voted to authorize a potential strike.
Analysts from Jefferies are predicting a potential cash offer for IP in the range of $54-57 per share, a figure that aligns with previous investor expectations. However, IP's board may value the company significantly higher.
Sustana, an innovator of clean materials and the industry-leading producer of sustainable, recycled fiber-based products and services, announced the appointment of Nathan Jeppson as Chief Executive Officer, succeeding Fabian de Armas. Mr. Jeppson brings more than 20 years of leadership experience driving growth and innovation at premier manufacturing, industrials, and materials businesses, including global roles at Shell Chemical LP and Dow.
SMC Packaging Group operates across multiple locations in Missouri, Arkansas, and Oklahoma.
PaperWorks Industries Inc., formerly Boehmer Box, is thrilled to announce the celebration of its 150th Anniversary on Saturday, June 22, from 10 AM to 2 PM at 120 Trillium Drive. This milestone event will honour the company's rich history and significant impact on the Kitchener-Waterloo region.
Ahlstrom, in its ongoing dedication to addressing the global need for clean air and water, has successfully completed a EUR 2 million investment for a new laminator at its Louveira plant in Brazil.
Norske Skog will initiate a main study aiming to enter the bleached chemi-thermomechanical pulp (BCTMP) market by starting production at Norske Skog Saugbrugs in Halden, Norway.
Smurfit Kappa, one of the world's leading providers of sustainable packaging solutions, has announced it has signed an agreement to acquire Artemis Ltd., a Bag-in-Box packaging plant located in Shumen, Bulgaria.
|
|
|
|
