Indevco subsidiary Unipak Hellas is set to increase its production capacity for recycled corrugated case material. A new Toscotec-supplied PM will produce testliner and recycled fluting grades at the Pelasgia mill.
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CMPC underlines that pulp supplies are not disturbed by the pulp fires and that all contracts can be served without restrictions.
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Negotiations between the Finnish Transport Workers’ Union AKT and employers have so far not been successful. A new round of negotiations is starting today at 1 pm EET.
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02
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Smurfit Kappa has announced a €۶ million investment at its Sanguesa paper mill in Spain, which will see the construction and installation of up to 12,000 solar panels on land adjacent to the mill. The solar panels will reduce CO2 emissions by over 3200 tonnes annually and provide significant cost savings.
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Cascades, a leader in the recovery and manufacturing of green packaging and hygiene products, is pleased to announce that it has purchased a new printing press at its Piscataway, New Jersey, corrugated packaging converting facility.
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Magnus Örnberg has been recruited as the new Chief Financial Officer (CFO) of Södra. He has extensive experience in all areas of finance and most recently served as CFO of SAS.
Magnus Örnberg will take office on 1 May and become a member Södra’s Group Senior Management. Sara Cronholm will continue serving as Södra’s Interim CFO until then.
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In December 2022, the average price for wood pellets imported to European Union decreased 6% compared to the previous month at $267 per tonne. This is 51% more than a year ago when it was $177.
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Nippon Paper Industries has decided its Australian consolidated subsidiary Paper Australia Pty Ltd (“Opal”) will withdraw from the graphic paper business at the Maryvale Mill due to the recent suspension of timber harvesting in Victoria’s state forests.
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30
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Russian plywood exports decreased by 41% to 2 million m3 in 2022. The export value fell by 39% to $1,2 billion.
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Metsä Group, through its tissue business Metsä Tissue, has made a decision to modernize and expand the Mariestad tissue paper mill in Sweden. The investment will increase the availability of locally and sustainably produced tissue products in the Scandinavian market, in which approximately 40% of tissue usage is currently imported. The value of the investment is Euro 370 million and it is one of the largest in the tissue business in Europe and the largest within Metsä Tissue. The construction works will start during spring 2023 and the renewed mill is planned to be operational in the second half of 2025.
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30
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With the approval of the Russian authorities, Kiilto has now been able to sell all its Russian subsidiaries. After a transition period, Kiilto brands will no longer be sold in the Russian market.
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Lumin, a leading timberland, and forest products company, will invest approx. US$ 136 million to build its third industrial plant in Uruguay, which is expected to create more than 300 jobs and significantly increase the country’s sustainable plywood production. Following approval by Lumin’s Board of Directors, which includes representatives of the BTG Pactual Timberland Investment Group (TIG) and British Columbia Investment Management Corporation (BCI), construction of the new plant will begin in the Q1 2023, with operations expected to commence the Q1 2026.
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Europe’s largest tissue trade show, Tissue World Düsseldorf, returns to Europe for the first time in four years at new venue Messe Düsseldorf from 28-30 March with a raft of exciting new product launches, demos and giveaways from its 110+ exhibiting companies, including the likes of IMA TMC, Eczacıbaşı Tüketim Ürünleri, EDT, Giotto Technologies – a Baosuo enterprise company, and more.
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Voith has acquired shares in the sustainability start-up Yangi®, headquartered in Varberg, Sweden. Both parties signed the purchase agreement in December 2022. Yangi’s ground-breaking technology emerges from 10 years of R&D within its sister company, The Loop Factory, which focuses on the megatrends of sustainability and circular economy. As a result, the leading full-line supplier Voith is investing in new, future-oriented technologies to further drive decarbonization in the paper industry.
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Voith to convert Stora Enso’s former paper machine into board machine at Oulu site in Finland
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Stora Enso has entrusted the leading full-line supplier Voith with the conversion of a former paper machine. The machine at the northern Finnish site in Oulu previously produced coated graphic papers. After the successful conversion, the machine will produce high-quality folding boxboard and coated kraft back (CKB).
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UPM Biochemicals and HAERTOL Chemie GmbH, both headquartered in Germany, have agreed to form a strategic partnership to produce a new range of carbon-neutral engine and battery coolants that will help automotive manufacturers reduce their CO۲ footprint.
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Interfor Corporation recorded a net loss in Q4 2022 of $72.2 million, or $1.40 per share compared to net earnings of $3.5 million, or $0.06 per share in Q3 2022 and $69.7 million, or $1.15 per share in Q4 2021.
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At the end of January 2023, the Austrian Pfeifer Holding GmbH had completed the acquisition of the Finnish wood processor Pölkky Oy. Petteri Virranniemi has decided to resign as CEO of Pölkky for personal reasons.
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Leading specialty building products manufacturer Huber Engineered Woods LLC (HEW), a subsidiary of J.M. Huber Corporation, announced that, due to delays, it will no longer develop its new oriented strand board (OSB) facility in Cohasset, Minnesota, as originally intended and announced in June 2021.
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بهمن
Finnish startup Fiberwood, a producer of 100% ecological wood fiber insulation and packaging materials made from mechanical wood industry side streams, has raised a late seed funding round. The round was led by Metsä Group’s innovation company Metsä Spring, and the round included public financing from Business Finland. The funding will be used to develop and scale up the production capabilities of its pilot plant as it heads into industrial-level continuous production.
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