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Essity will invest approximately EUR 11m (approximately SEK 110m) in its Hondouville mill in France, allowing to extract 98% of paper fibers contained in food and beverage cartons.
Crews cleared just prior to 3:00 a.m. Saturday.
Cascades Inc. is pleased to announce that it has entered into an agreement with an affiliate of funds managed by affiliates of Apollo Global Management, Inc. (together with its consolidated subsidiaries, "Apollo") to sell its 57.6% equity interest in Reno De Medici S.p.A. ("Reno de Medici", or "RDM") for an all-cash price of €1.45 per share, corresponding to a total net cash consideration of approximately €315.3 million (approximately CAN$461 million).
The new 375,000-square-foot facility will be called Roanoke Valley Lumber and will be located on approximately 200 acres of land in Halifax County. Construction on the state-of-the-art sawmill is expected to begin in the first quarter of 2022, with startup scheduled for later that year. Roanoke Valley Lumber will be one of the highest-capacity sawmills on the East Coast, capable of producing as many as 400 million board feet of dimensional lumber per year.
Neenah, Inc. announced a number of operational changes consistent with the Company's commitment to accelerating growth, strengthening margins, and creating value for customers and shareholders.
Flexo is a manufacturer of stock, custom and recycled paper bags, and sacks. A family-owned business, Flexo was founded in 1994. It is headquartered and has a manufacturing facility in Meriden, CT and an additional plant in Monroe, GA.
Neenah, Inc. announced a number of operational changes consistent with the Company's commitment to accelerating growth, strengthening margins, and creating value for customers and shareholders.
The bill passed 63-35 in the Assembly and 20-12 in the Senate. It would allow the Wisconsin Economic Development Corporation to provide a timber cooperative, which is made up of people throughout the timber industry in the state, a $50 million loan to purchase the Verso Mill in Wisconsin Rapids and a $15 million loan to purchase the Flambeau River Papers Mill in Park Falls.
Asaleo Care manufactures and markets Personal Care and Professional Hygiene products in Australia, New Zealand and Fiji and Consumer Tissue in New Zealand and Fiji.
Stora Enso has completed the co-determination negotiations concerning the closing down the pulp and paper production at its Kvarnsveden site in Sweden. The closure will take place by the end of the third quarter of 2021.
The McDonough facility will be producing the recently rebranded Pregis EverTec™ mailer which features lightweight, recyclable all-paper cushioned construction. Pregis is currently looking to fill 80 new manufacturing positions there, with room to expand production and employment opportunities in the future. In total, the new EverTec manufacturing locations are expected to create approximately 450 new jobs.
Brazilian pulpmaker Klabin SA is going to invest 342 million reais ($69 million) in 23 projects throughout 2022, according to a securities filing on Tuesday.
Kimberly-Clark has published its annual report on sustainability, providing the first update on the company's global progress toward its 2030 sustainability strategy and goals, aimed at addressing the social and environmental challenges of the next decade with commitments to improve the lives and well-being of 1 billion people in underserved communities around the world with the smallest environmental footprint.
A spokesperson for Georgia Pacific said the incident is not expected to have a significant impact on production.
Mondi continues to support customers in the growing eCommerce market by extending its innovative MailerBAG range of sustainable paper solutions.
Climate change is the greatest challenge of our time. At Mercer, we're committed to being part of the solution. We believe technology and innovation can help get us there. For us, accountability means that we are accountable individually and have a responsibility to our partnerships. We contribute and take ownership beyond our job descriptions. This definition is broad and multifaceted, but like our other values, accountability is in everything we do.
UPM Raflatac announced in October 2020 its plans to simplify its organisation and increase efficiency in operations and distribution. All related employee consultation processes in various European countries have now been completed. As a result, the number of positions at UPM Raflatac will decrease by 129.
No one is injured after a fire in a machine at the Georgia Pacific mill in Green Bay on Saturday night, June 26.
A fire in a warehouse on June 25 on A dock at Powell River's Paper Excellence Catalyst paper mill is now under control.
First announced in 2018, the Juno process extracts fiber from soiled and otherwise contaminated streams, such as paper napkins, cups, plates and wrappers from restaurants and other public gathering spots. The process involves using heat, pressure and screening techniques to separate the fiber from food waste, plastic linings, metals or other contaminants.
CatchMark purchased the property in August 2018 for $88.8 million, or $4,916 per acre, exclusive of transaction costs. The company expects to recognize a gain on the sale in excess of $20 million in the third quarter of 2021.
"Today, we are very proud to announce that the second of our two announced containerboard projects has been approved by the board and received financing commitments from quality banks in the Nordics and Europe", says Sven Ombudstvedt, CEO of Norske Skog ASA.
Mondi PLC said Wednesday that it has approved the expansion of its semi-chemical fluting mill in Kuopio, Finland.
Assembly lawmakers passed legislation Tuesday that would provide $50 million in federal pandemic aid to a timber cooperative to buy and upgrade the Verso paper mill that was shut down in Wisconsin Rapids, costing 900 people their jobs.
The Mayr-Melnhof Group ('MM') and a subsidiary of funds managed by Oaktree Capital Management, L.P. ('Oaktree') have reached a firm intention on the sale of MM's virgin fiber cartonboard mills located in Eerbeek, Netherlands, and Baiersbronn, Germany, to Oaktree for an equity value of EUR 104.6 million and net debt subject to final closing accounts.
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