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"A PCA employee died at the Counce Mill in Counce, Tennessee as a result of a clamp truck accident. Our condolences and prayers are with his family and others in his life."
The expansion comes as a result of an increase in global shipping and logistics needs and will include an addition of more than100,000 square feet to Pratt's existing facility. Upgrades will include new machinery, new scrap recycling system, waste water system and additional warehouse space.
The Mayr-Melnhof Group ("MM") announces the closing of the divestment of its virgin fiber-based cartonboard mills located in Eerbeek, Netherlands, and Baiersbronn, Germany, to a subsidiary of funds managed by Oaktree Capital Management, L.P. The divestment is in line with MM's strategy to focus on new acquisitions and growth capex.
MM strengthens its position in virgin-fiber based cartonboard and innovative barrier cartonboard solutions for plastic replacement.
Platinum Equity announced that it has completed the acquisition of McGraw Hill, a global leader in educational content and digital platforms, for a purchase price of approximately $4.5 billion.
Interfor is expecting production disruptions at its British Columbia Interior, Canada, sawmills during the 3Q 2021 due to the ongoing impacts of wildfires and other factors on log supply.
"It will be the world's most advanced, environmentally-friendly 100% recycled paper mill," said company owner and executive chairman Anthony Pratt. "And it means Pratt Industries will have built 6 of the last 8 paper mills in the United States."
The company plans to acquire and install by the spring of 2022 an Engico Jumbo Flexo Folder Gluer from Haire Group that converts corrugated scored sheets into boxes.
Pratt Paper, a part of sustainable packaging company Pratt Industries, is planning to invest $400 million in a paper mill in Henderson, Gov. Andy Beshear announced Thursday -- resulting in 320 high-paying full-time jobs.
Stockholders of Domtar Corporation today approved a proposal to adopt a business combination with Paper Excellence B.V. whereby Karta Halten B.V., an affiliate of Paper Excellence, will acquire all of the issued and outstanding shares of Domtar common stock for $55.50 per share in cash pursuant to an agreement and plan of merger dated May 10, 2021 (the "Merger").
BillerudKorsnäs is in a process with the aim of divesting the paper mill in Beetham, UK. The process is ongoing and no binding agreement to divest the mill has yet been entered into. Since BillerudKorsnäs' machine glazed (MG) paper business has primarily been focused in Skärblacka, the strategic importance of Beetham to the rest of the group has been reduced.
Metsä Board, part of Metsä Group, invests EUR 210 million in increasing folding boxboard capacity at its Husum mill in Sweden. The company is responding to growing demand for sustainably produced packaging materials that support the circular economy. The investment strengthens Metsä Board's position as the leading producer of folding boxboard in Europe.
As a result, Pactiv Evergreen will permanently cease production of coated groundwood paper at its Pine Bluff, AR location by October 31, 2021.
As a minority partner, Green Bay Packaging is in full support of CompanyBox's growth.
Metsä Board announced an investment of Euro 210 million in increasing folding boxboard capacity at its Husum mill in Sweden. The company is responding to growing demand for sustainably produced packaging materials that support the circular economy.
This decision follows a series of investments announced by the group in the last few years to strengthen the company's industrial platform and support demand growth in the industrial and engine filtration industry globally. Recent investments to strengthen the platform include a new saturator in Madisonville, Kentucky, US; a machine rebuilt in Binzhou, China; capacity expansions in Fabriano, Italy and Malmedy Belgium; and a new micro glass line in Turin, Italy.
Gov. John Bel Edwards, Hunt Forest Products co-owner James D. Hunt and Tolko President and CEO Brad Thorlakson announced that the companies will develop a new $240 million sawmill in Bienville Parish. Resulting from the collaboration of these two companies, the joint venture company will create 130 direct new jobs, with an average salary of $57,400, plus benefits. Louisiana Economic Development estimates the new sawmill will result in 387 indirect jobs for a total of more than 500 new jobs in Louisiana's Northwest Region. Approximately 300 construction jobs will be created.
Another milestone on the path to targeted reduction of wastewater emissions.
Sylvamo is in the process of being spun off into an independent, publicly-traded company. It will produce a variety of paper materials.
The company has not said how it would finance its proposed $350M reopening plan.
Group of investors hope paper mill can resume operations.
Glatfelter Corporation announced that it plans to acquire Jacob Holm, the leading manufacturer of spunlace nonwoven fabrics, for approximately $308 million.
A newly formed company, Roaring Spring Park, LLC, has just closed on the facility and has been actively involved in identifying and supporting potential uses for the plant and the site, including restarting the paper mill and/or repurposing the assets.
Rayonier Inc. has sold the rights to manage two timber funds (Fund III and Fund IV) that were previously managed by its Olympic Resource Management (ORM) subsidiary, as well as its co-investment stake in both funds, to BTG Pactual's Timberland Investment Group (TIG) for an aggregate purchase price prior to closing costs of $35.9 million. The transaction will be reflected in third quarter financial results.
The Vancouver-based lumber producer says about 115 million board feet of capacity will be reduced during the third quarter due to significant supply chain challenges and a transportation backlog.
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