Recent Articles

German industrial conglomerate BASF SE and its private equity partner are considering exit options for water treatment specialist Solenis, people with knowledge of the matter said.

Northern Pulp has submitted a proposed plan to the Nova Scotia Environment Department that a company official says will "transform" the beleaguered and shuttered Pictou County mill.

Lenzing, a leading global supplier of wood-based specialty fibers, and Södra, a world-class producer of pulp, signed a cooperation agreement today, June 02, 2021, with the clear objective of making a decisive contribution to addressing the enormous textile waste challenges of the industry and the society.

In the context of the upcoming World Environment Day, and following a year of work and consultations with stakeholders, Cascades, the 17th most sustainable company in the world according to Global 100, is pleased to launch its fourth Sustainability Action Plan, the most ambitious in its history: "Driving Positive Change".

Port Hawkesbury Paper (PHP) has announced the successful transition of its Forest Stewardship Council (FSC) Maritime certification to the new FSC national standard for responsible forest management in Canada.

Lenzing Group is continuing to make great strides toward achieving carbon neutrality across the Group. The successful completion and commissioning of an air purification and sulfur recovery plant at the Lenzing facility marks another milestone in the Group's strategy. Lenzing has invested some Euro 40 million in this project since construction began in 2019.

New-Indy continues to work cooperatively with local, state and federal authorities.

Valmet will supply a large pulp and paper technology delivery to Klabin in Brazil. The order consists of a paperboard making line (PM 28), a complete new fiberline including a new Continuous Cooking G3, and a new bleached chemi thermo mechanical pulp (BCTMP) line, all with extensive scopes of automation and Valmet Industrial Internet solutions. The start-ups of PM 28, the BCTMP line and the fiberline are scheduled for the second quarter of 2023.

ABB has been selected by Sappi Limited (sappi.com) to support a major digital transformation project across its global manufacturing footprint in Europe, North America, and South Africa.

Kadant Lamort SAS, a subsidiary of Kadant Inc. (NYSE: KAI), started-up a Heli-Drum pulping system at Cartiere Saci, a leading European producer of 100% recycled shopping bags. The Heli-Drum system handles a broad range of recycled fibers and efficiently processes kraft paper, carrier board, and aseptic packages, among other furnishes.

Botnia Mill Service, part of Caverion, will start as maintenance partner at the Metsä Fibre's new sawmill at Rauma, Finland. The agreement covers all sawmill process phases.

Andritz has received an order from Nine Dragons Paper Industries to supply two chemi-thermomechanical pulping systems for their mills in China. The start-ups are scheduled for spring and summer 2022.

The price increase is necessary due to the tightening of raw material supply globally and escalating energy, packaging and transportation costs.

Reported insider trading since the last issue of PaperMoney.

The total purchase price of US$375 MM, which includes working capital, will be funded entirely from cash on hand.

Kruger Packaging announced a $114.2 million investment to establish a state-of-the-art packaging manufacturing operation in Hardin County, a project that will create at least 150 quality jobs in the coming years.

Verso Corporation has released a statement saying they believe Tuesday's fire at their idled Wisconsin Rapids mill may have started with a lightning strike.

Stora Enso has signed an agreement to divest its Sachsen Mill located in Eilenburg, Germany, to the Swiss-based family-owned company Model Group. Sachsen Mill has an annual production capacity of 310 000 tonnes of newsprint specialty paper based on recycled paper.

Huhtamaki, a global key advanced manufacturer of sustainable packaging solutions, is setting up a new manufacturing unit in KwaZulu-Natal in South Africa to serve its existing and new egg packaging customers in the KwaZulu-Natal area with a broad range of locally produced packaging solutions.

Flexo is a manufacturer of stock, custom and recycled paper bags and sacks. It is headquartered and has a manufacturing facility in Meriden, Conn. and an additional plant in Monroe, Ga. Flexo's eligible full-time employees are expected to join Novolex.

Smurfit Kappa is substantially expanding its converting capacity at four manufacturing plants across the Czech Republic and Slovakia with a significant €20 million investment. The investment further highlights Smurfit Kappa's commitment to its customers and operations in Eastern Europe.

A fire inside Packaging Corporation of America's Boise paper mill in International Falls kept local firefighters at the scene for about five hours on Sunday, May 23.

Graphic Packaging Holding Company announced the conclusion of its successful partnership with International Paper Company. The final tranche of the membership interests held by International Paper in Graphic Packaging International Partners, LLC (the "Partnership") were exchanged for an equivalent number of shares of Graphic Packaging common stock. As a result, Graphic Packaging now owns 100% of the Partnership.

Norske Skog met with employees this past weekto tell them it is considering closing down its Tasman Mill.

The financings, totaling $240 million, include the previously announced $165 million in investments.