Mativ Holdings recently announced that it has received a binding offer from Evergreen Hill Enterprise, Pte. Ltd., to acquire Mativ’s Engineered Papers business (“EP”), part of Mativ’s Fiber Based Solutions reporting segment, for $620 million. Subject to customary closing date adjustments, Mativ expects to receive net proceeds (net of taxes and other items) of approximately $575 million in the proposed transaction, which would be primarily used for debt paydown.
خواندن ادامه مطلبآرشیو برچسب های: containerboard
15
مرداد
مرداد
The proposed EU Regulation on Packaging and Packaging Waste (PPWR) aims to tackle the problem of growing packaging waste. One of the targets is to make all packaging recyclable by 2030. To support sack kraft paper producers, paper sack converters and fillers to maximise the recyclability of all paper sacks placed on the market, EUROSAC and CEPI Eurokraft have published Paper Sacks – Design for Recyclability Guidelines. These guidelines provide recommendations for the materials used and for the physical construction of paper sacks.
خواندن ادامه مطلب
14
مرداد
مرداد
The Board of Directors of JSC Ilim Group appointed Alexey Chernyaev as acting CEO.
Alexey Chernyaev began his career with the Company in 2016. He has over 15 years of work experience in managerial positions in purchasing, production, supply chain and capital project management in industrial companies with world-class manufacturing standards and safety culture in Russia and abroad.
خواندن ادامه مطلب
14
مرداد
مرداد
Hood Container Corporation has acquired the corrugated packaging business of Dalton, Georgia based Sustainable Printing LLC. The transaction includes all printing, converting, and ancillary equipment located in Dalton. Hood will continue operating these assets in the current facility.
These assets complement Hood Container’s Southeastern footprint creating greater corrugated capacity and enhanced production capabilities in the Georgia and Tennessee region. This acquisition increases Hood Container’s digital print production footprint and will allow the company to continue expanding its corrugated converting capabilities.
خواندن ادامه مطلب
14
مرداد
مرداد
DS Smith, a leading sustainable packaging provider, announced it has entered into an agreement to acquire Bosis doo, a high-quality packaging company in Serbia.
With a focus on fast moving consumer goods (FMCG) customers, Bosis doo is particularly well suited to complement DS Smith’s strategy in the region, which targets higher growth and margin opportunities through its sustainable performance packaging customer proposition.
اخبار خارجی
Crisis looms over Russian pulp and paper industry amidst sanctions and plummeting Chinese demand
13
مرداد
مرداد
The Russian pulp and paper industry is facing an acute crisis in product sales. The main reasons for this difficult situation are sanctions and a severe lack of demand in the Chinese market, exacerbated by exorbitant export logistics costs.
Pulp and paper mills, have been forced to cut down production volumes. In the first half of 2023, the volume of production of wood pulp in Russia decreased 3.5% to 4,267 thousand tons, according to Rosstat. The production of paper and cardboard declined 4.6% to 4,863 thousand tons.
خواندن ادامه مطلب
12
مرداد
مرداد
New Zealand’s Whakatane Mill Ltd (WML) announces a significant investment upgrade, and progress is already well underway.
WML has successfully secured a substantial private investment of over NZD$70 million from its shareholders. This investment marks the most significant capital expenditure for WML since 2004 and is a testament to its commitment to growth. The infusion of funds will facilitate a major upgrade, elevating WML to industry-leading standards.
خواندن ادامه مطلب
11
مرداد
مرداد
ProJet received an order for 2 ProCleaner forming fabric cleaners from BioPappel, Mexico, for Paper Machine # 1 at Veracruz mill. The order was received in July 2023 and the value of the order will not be disclosed. Delivery will be in 4Q of 2023.
The order is already the 6th from BioPappel, who are gradually equipping all their paper machines at all production sites with ProJet cleaners. There is already a total 16 ProJet cleaners running at other BioPappel mill sites, such as Durango, Tuxtepec and Tizayuca.
خواندن ادامه مطلب
08
مرداد
مرداد
Packaging Corporation of America (PCA) reported Q2 2023 net income of $۲۰۳ million, or $۲.۲۴ per share, and net income of $۲۰۹ million, or $۲.۳۱ per share, excluding special items. Q2 net sales were $۲.۰ billion in 2023 and $۲.۲ billion in 2022.
Excluding special items, the ($.92) per share decrease in Q2 2023 earnings compared to the Q2 2022 was driven primarily by lower volumes in the Packaging ($.90) and Paper ($.07) segments, lower price and mix in the Packaging segment ($.47), higher depreciation expense ($.09), and higher other converting costs ($.03).
خواندن ادامه مطلب
07
مرداد
مرداد
DS Smith announced a significant investment plan to be implemented in the next two years across its three packaging sites in Greece. The EUR 33.9 million investment is focused on equipment upgrades including purchasing state-of-the art machinery for innovative packaging to boost productivity as part of the company’s growth strategy in the East European market.
Starting with upgrades at Ierapetra’s Box Plant this summer, the investments will not only advance packaging capabilities, but also create a safer working environment. Investment into other sites located in Ancient Corinth and Thessaloniki will also see the modernization of equipment and minimize raw material waste.
خواندن ادامه مطلب
07
مرداد
مرداد
Hiang Seng Fibre Container Co., Ltd. has chosen to rely on A.Celli for a complex and highly technological rebuilding intervention on their PM5 located in Bangkok, Thailand.
A.Celli know-how will make it possible to rebuild the PM5 headbox, converting it from single to double-layer with the aim of improving the testliner printability.
06
مرداد
مرداد
UPM Communication Papers today announced plans to permanently close its Plattling mill in Bavaria, Germany, reducing the uncoated and coated publication paper capacity by 595,000 tonnes in Europe.
UPM said, “These plans are a continuation of necessary steps to proactively ensure competitiveness of our operations and align graphic paper capacity to a profitable customer demand.
خواندن ادامه مطلب
04
مرداد
مرداد
Huhtamaki is making a significant investment in its Paris, Texas facility in the U.S. The investment consists of an expansion of its manufacturing capacity as well as a consolidation of an external warehouse. The investment into production assets is approximately $30 million, and the warehouse and manufacturing facility will be leased. This will significantly increase the North America business segment’s capacity in folding cartons to support the growth of the Foodservice business.
خواندن ادامه مطلباخبار خارجی
Infinya Containerboard to invest in complete OCC line with reject treatment system at Hadera mill in Israel
04
مرداد
مرداد
International technology group Andritz has received an order from Infinya Containerboard Ltd. for a complete OCC line including reject treatment system for its recycled paper mill located in Hadera, Israel.
خواندن ادامه مطلب
03
مرداد
مرداد
Valmet will supply a new high-capacity winder to Gascogne Papier in France. The winder will be delivered for the paper machine PM 7 at their Mimizan site. The start-up of the machine is scheduled for 2025. The value of the order will not be disclosed.
Valmet’s delivery will include a high-capacity OptiWin two-drum compact winder that has a wide production range with different widths and diameters of shipping rolls. As a key solution for high-quality multi-roll winding, the winder is equipped with pro-active dual spreading.
خواندن ادامه مطلب
03
مرداد
مرداد
In March 2023, Ahlstrom launched a consultation process with employee representatives at its Stenay plant in France about the possibility to divest the plant, and if a buyer cannot be found considering closure.
After a long process to identify potential buyers, Ahlstrom has received a binding offer from Accursia Capital to acquire the Stenay plant. The potential acquisition is subject to consultation with employee representatives.
خواندن ادامه مطلب
01
مرداد
مرداد
Mondi, a global leader in packaging and paper, is investing €۱۶ million in new technology to produce a new packaging range called FunctionalBarrier Paper Ultimate. This ultra-high barrier paper-based solution for food meets growing customer demand for sustainable packaging that contributes to a circular economy.
خواندن ادامه مطلب
01
مرداد
مرداد
As announced earlier, Kemira’s Board of Directors and President & CEO Jari Rosendal have agreed that Jari Rosendal will leave his position as the President & CEO latest during 2024. Kemira’s Board has decided to initiate the search for his successor.
Kemira announced on July 11, 2023 that Jari Rosendal is on sick leave for the time being. Kemira’s Board of Directors has appointed Petri Castrén as Interim President & CEO as of July 18, 2023.
خواندن ادامه مطلب
01
مرداد
مرداد
On 28-30 August 2023 the corrugated community will get together in Cleveland, Ohio to discuss the latest industry trends and exchange ideas and experiences.
It goes without saying that T.CON will be there when the doors of the Exhibit Hall at Huntington Convention Center of Cleveland are opened and CorrExpo officially starts. Hosted by TAPPI, a forward-thinking American association with thousands of members worldwide, the event is a true go-to for everyone active in the corrugated industry.
خواندن ادامه مطلب
31
تیر
تیر
Crews estimated Wednesday they would continue to battle Tuesday night’s large commercial fire at the Industrial Way paper mill complex throughout the day in Longview, Washington.
Wood chip piles were fueling the blaze at Nippon Dynawave Packaging at 1701 Industrial Way as of Wednesday morning near the entrance on the Longview side of the Lewis and Clark Bridge and Weyerhaeuser’s gate 4 near Oregon and Industrial ways.
A large plume of smoke could still be seen Wednesday afternoon.
خواندن ادامه مطلب