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The financing will support the conversion of a former pulp and paper mill in the Finnish city of Oulu, from production of wood-free coated printing paper, into packaging board manufacturing mainly for the food and beverage sector.
Spa Holdings announced that it has received all regulatory approvals for a voluntary public cash tender offer for Ahlstrom-Munksjö shares.
After 25 months of construction and installation of the Musketeers mill project project, Grupo Gondi's 7th paper machine has produced its first paper reel.
Proceeds will be used to reduce debt by $600 million and repurchase $300 million in shares.
Rottneros' Board has decided on investments to reduce emissions to water at Vallvik Mill. The investments amount to a total of SEK 33 million and are linked to the mill's updated environmental permit, which has now gained legal force, allowing an annual pulp production of 255,000 tons.
Sustainability goals are tied to water consumption intensity, water reuse and recycling, and the reintroduction and reinforcement of water species into the ecosystem.
The mill's owners filed for Chapter 7 bankruptcy protection and closed in June. The 927-acre property, which consists of 29 buildings and storage facilities and is adjacent to the Pend Oreille Valley Railroad and Pend Oreille River, was listed for sale last month for $11.5 million.
GP reached an agreement today to sell the company's nonwovens business to Glatfelter, a leading global supplier of engineered materials, headquartered in Charlotte, North Carolina, for $175 million. The sale must still go through customary closing conditions and regulatory clearances from competition authorities.
International Paper has entered into an agreement to sell its 90.38% ownership interest in Olmuksan International Paper to Mondi Group for approximately €66 million.
No one was hurt after a fire erupted Monday morning, Jan. 4, 2021, in one of the paper machines at Paper Excellence Canada in Port Alberni.
New owner pledges renamed White Mountain Paper will be 'a leader among North American tissue and towel producers' .
Ennis, Inc. announced that one of its wholly owned subsidiaries has entered into a Letter of Intent to acquire the assets and assume some liabilities of Infoseal LLC in Roanoke, Virginia. Infoseal provides pressure seal and tax forms products to independent print brokers and resellers.
Smurfit Kappa has launched a new company called Recycling Dual GmbH in Germany. Recycling Dual offers an innovative and integrated holistic solution to track the entire life cycle of paper, cardboard and carton packaging.
The Regional State Administrative Agency for Northern Finland has granted environmental and water supply permits to the Kemi bioproduct mill of Metsä Fibre. The environmental permit defines the limit values for the emissions of the new mill.
According to dispatch around 4:30 pm on December 27, 2020 a call came into Pickaway Sheriffs office of a man who got his hand caught in a machine within the Sofidel mill. When emergency responders got on scene they called for a medical helicopter to fly the man to Columbus Hospital for Critical care.
UPM and the US-based pulp and paper producer Domtar Paper Company LLC have signed an agreement for UPM to acquire the total annual kraft lignin production of Domtar's Plymouth Mill in North Carolina, USA as of January 2021. This step enables UPM to expand its role in the growing lignin business and different application segments.
Conifex Timber Inc. announced a disruption of operations at its power plant in Mackenzie, British Columbia, Canada, resulting from damage to the plant's generator. The boiler and other long lead-time equipment have not been impacted.
Veritiv launched the restructuring plan in July in response to the impact of the COVID-19 pandemic on its business and the ongoing changes in its print and publishing segments.
Dunn Paper, a leading manufacturer and supplier of high performance, advanced paper and tissue for use in food, medical, and specialty markets unveiled today changes within the organization beginning with the appointment of David Apollonio as President and CEO.
After using coal for more than 100 years, Georgia-Pacific will shut down the last coal-fired boiler at its Green Bay Broadway mill next week. This comes after a second natural gas boiler became fully operational in September.
Cosmo Specialty Fibers in Cosmopolis, shut down in May due to pandemic-related reduction in demand for its products, is making plans to get back to full production in February.
The Sussex-based company cited "volume declines" for closing the plants in Oklahoma City; Nashville, Tennessee; and Fernley, Nevada.
Novolex®, an industry leader in packaging choice, innovation and sustainability, announced it has acquired the business of B&H Bag Company, a leading manufacturer of paper bags and other products.
Mayor Shane Blaser says talks with Verso about the paper mill in his city have warmed up in recent weeks.
As part of its forest land optimisation, Stora Enso has signed an agreement to divest forest assets located in southern Sweden to the forestry fund Silvestica Green Forest AB. The total area of forest land in the transaction is approximately 5 200 hectares. The selling price is approximately SEK 940 million (EUR 90 million).
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