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آرشیو برچسب های: paper machine

Clearwater Paper Reports Second Quarter 2023 Results

For the second quarter of 2023, Clearwater Paper reported net sales of $525 million compared to net sales of $526 million for the second quarter of 2022. Net income for the second quarter of 2023 was $30 million, or $1.75 per diluted share, compared to net income for the second quarter of 2022 of $15 million, or $0.86 per diluted share.

On a non-GAAP basis, Clearwater Paper reported adjusted net income in the second quarter of 2023 of $30 million, or $1.74 per diluted share, compared to second quarter 2022 adjusted net income of $19 million, or $1.11 per diluted share. Adjusted EBITDA for the second quarter of 2023 was $71 million, compared to the second quarter of 2022 Adjusted EBITDA of $63 million.

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Opening of BTG Center of Excellence in Hyderabad, India

BTG announces the opening of its new Indian Center of Excellence located in Hyderabad, India. The facility is a state-of-the-art technical support centre and digital hub that will greatly enhance BTG capability to serve the Indian and regional markets.

BTG certified technical specialists operating out of this Center of Excellence will support BTG devices sold and installed at BTG customers locally and regionally. In addition, a laboratory with a variety of analytical capabilities, including charge and morphology is also established. Research & Development engineers based at the Center of Excellence will be involved in product design and development, working closely with the BTG factory in Sweden.

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International Paper reports Q2 net earnings of $235 million

International Paper (IP) reported Q2 2023 financial results. Net earnings were $۲۳۵ million ($۰.۶۸ per diluted share), Adjusted operating earnings were $۲۰۴ million ($۰.۵۹ per diluted share).

“In the Q2, the operations of International Paper continued to run well and we managed our businesses effectively in a challenging demand environment,” said Mark Sutton, Chairman and CEO. “We continued to advance our Building a Better IP initiatives, including our commercial improvement and cost management opportunities. The benefits of that work and our strong financial foundation position International Paper well as we navigate the current economic environment.”

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ProJet to supply two cleaners for BioPappel’s Veracruz mill in Mexico

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.

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Canfor Pulp Reports Results for Second Quarter of 2023

Canfor Pulp Products Inc. (CPPI) today reported its second quarter of 2023 results.

The Company reported an operating loss of $37.9 million for the second quarter of 2023, compared to an operating loss of $25.2 million for the first quarter of 2023. After taking into consideration a net $6.9 million inventory write-down in the current period, the Company’s adjusted operating loss was $31.0 million for the second quarter of 2023, compared to an adjusted operating loss of $21.6 million for the first quarter of 2023. These results, for the most part, reflect the impact of substantial global pulp pricing declines in the current quarter driven by elevated global market pulp producer inventory levels and weak global softwood pulp demand.

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The Paper Excellence Group Announces Renewed Business Unit Structure

 

The Paper Excellence Group (Paper Excellence) today announced its updated organizational structure for its business units following the recent acquisitions of Resolute Forest Products in March 2023 and Domtar in November 2021.

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DS Smith to Invest EUR 33.9 Million to Upgrade Packaging Facilities in Greece

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.

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A.Celli to rebuild Hiang Seng Fibre Container’s PM5 at Bangkok mill in Thailand

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.

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Gardner Systems Joins Deublin Company

Deublin Company, a leading provider of steam joints and siphons for the paper industry is pleased to announce that Gardner Systems is now a key part of Deublin. This broadens Deublin’s capabilities in the design, supply, and installation of steam and condensate systems for paper machine dryer sections.

Gardner Systems was founded in 1967 and is headquartered in Appleton, Wisconsin. The company has a team of experienced engineers and technicians who design and install steam and condensate systems that meet the specific needs of paper mills.

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Huhtamaki invests $30 million in Paris, Texas, factory expansion

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.

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Infinya Containerboard to invest in complete OCC line with reject treatment system at Hadera mill in Israel

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.

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Ahlstrom receives binding offer for Stenay plant from Accursia Capital

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.

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Meet T.CON at TAPPI CorrExpo 2023

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.

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Valmet to Supply High-Capacity Winder to Gascogne Papier in France

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.

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.

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Södra Reports Lower Second Quarter Results on Weaker Market Conditions

Södra reported second quarter 2023 net sales of SEK 7,322 million (8,953). Operating profit totaled SEK 464 million (2,325), representing an operating margin of 6 percent (26). Return on capital employed was 13 percent (39) and the equity ratio was 61 percent.

During the quarter, the World-class Efficiency project achieved annual efficiency gains of SEK 500 million.

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Grupo Corporativo Papelera to Expand Tissue Manufacturing in Texas

Mexican tissue paper manufacturer Grupo Corporativo Papelera (GCP) is purchasing 32 acres in the East Montgomery Industrial Park in New Caney, Texas, the Houston Business Journal reported.

The estimated $400 million facility will serve as the site for the company’s new manufacturing and conversion facility, marking an expansion of its operations in the United States, the news outlet reported.

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Manitoba Government supports exploring greener technology at Canadian Kraft Paper Industries’ mill

The Manitoba government and the Community Economic Development Fund are partnering with Canadian Kraft Paper Industries Ltd. (CKP) to explore opportunities for transitioning to a greener economy in northern Manitoba, Natural Resources and Northern Development Minister Greg Nesbitt announced.

“Our government continues to invest in the north, creating and maintaining sustainable jobs,” said Nesbitt. “The use of forest biomass in the north can benefit both the environment and the local economy. It is a potential win-win that is well worth exploring further.”

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Runtech to rebuild vacuum system at DS Smith Kemsley Mill

Runtech Systems has received a repeat order from DS Smith Paper Ltd, Kemsley Mill, for a RunEco vacuum system rebuild on PM4. In the rebuild, existing liquid ring pumps will be replaced by four EP600 Turbo Blowers. Delivery also includes detailed engineering, EcoDrop and EcoSep water separators. With the rebuild, PM4 targets significant energy savings and reduction in CO2 emissions.

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Smurfit Kappa opens new corrugated plant in Rabat, Morocco

The inauguration of the new integrated corrugated plant in Rabat, Morocco, marks Smurfit Kappas first operation in North Africa.

Morocco offers an exciting opportunity, with the OECD forecasting a 3.5% growth rate in 2023 and 3.7% in 2024. The country’s location enables Smurfit Kappa to serve not only the local market but wider regions in Africa.

The Group has invested over Euro 35 million in the 25,000 m2 facility.

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Northwood Consuma tissue expanion plans

Northwood Group successfully launched Northwood Consuma Tissue (NCT) in December 2022, the company announces now the expansion of its converting capability with the purchase of a new 14-acre (5.7 hectares) site housing a 235,000 sq ft (22,000 sq m) facility in Ellesmere Port, Cheshire. This will dramatically increase the available output of toilet tissue and kitchen towel and allows the company to be true cross-category paper partners to its premium grocery customers.

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