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آرشیو برچسب های: board

International Paper recommends shareholders reject mini-tender offer

International Paper announced that it has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation to purchase up to 3,000,000 shares of International Paper Company common stock from International Paper shareholders. The offer represents approximately 0.86 % of International Paper’s shares of common stock outstanding as of the May 9, 2023 offer date. TRC Capital’s offer price of $30.67 per share is approximately 4.51% lower than the $32.12 closing price of International Paper common stock on the NYSE on May 9, 2023.

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Clearwater Paper announces SBTi validation for climate targets

Clearwater Paper Corporation recently announced that the Science Based Target initiative (SBTi) has validated the company’s climate targets. These targets include reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 29.1 percent and absolute Scope 3 GHG emissions by 25 percent by 2030. The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. SBTi is focused on accelerating companies worldwide to halve emissions before 2030 and achieve net-zero emissions before 2050.

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Sappi North America releases The Standard 7

Sappi North America Inc., a leading producer and supplier of diversified paper, packaging products and pulp, announced today the debut of its latest volume of The Standard series. Designed for Sappi by Kit Hinrichs, principal of Studio Hinrichs, Volume 7 of The Standard is printed on Spectro, Sappi’s sustainably manufactured premium paperboard, and highlights the importance of sensory packaging in creating a memorable and profitable brand experience.

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Cascades reports results for the first quarter of 2023

Cascades Inc. has reported its unaudited financial results for the three-month period ended March 31, 2023.

Q1 2023 Highlights:

Sales of $1,134 million (compared with $1,135 million in Q4 2022 and $1,038 million in Q1 2022)
Operating loss of $(80) million (compared with $(20) million in Q4 2022 and $(4) million in Q1 2022)
Mario Plourde, President and CEO, commented: “We had a solid first quarter.

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Smurfit Kappa announces a €۴۰ million investment in a significant expansion of its Pruszków plant

Smurfit Kappa has completed its latest investment project in Poland, resulting in a significant expansion of its Pruszków corrugated plant. The expansion makes the plant Smurfit Kappa’s largest in Poland and one of the most high-tech and modern packaging plants in Europe.

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Paper Arabia 2023 is back

Paper Arabia, the very first comprehensive exhibition for paper industry in the Middle East and North Africa (MENA) region is making a strong come back this May 2023, in the backdrop of the growth context and robust prospects for the industry across the globe, and particularly the region.

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Arctic Paper CFO, Göran Eklund, to Retire, Katarzyna Wojtkowiak Named Successor

Arctic Paper announced that the group’s CFO, Göran Eklund, will retire at the end of June and will be replaced, with effect as of May 29, by Katarzyna Wojtkowiak, who is currently Chief Accountant.

Wojtkowiak has been Chief Accountant and Group Treasury at Arctic Paper for over 11 years. Prior to this, she has worked in various roles in accounting and finance at Flexlink in Poland.

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Supremex Acquires Graf-Pak in Quebec, Canada

Supremex on May 8 announced the acquisition of the assets of Graf-Pak Inc., a provider of folding carton packaging solutions to a variety of commercial markets. The transaction was concluded for a total consideration of approximately $6.0 million, on a cash-free and debt-free basis, subject to customary adjustments, financed through the company’s existing credit facility.

Founded in 1995 and employing close to 25 people, Graf-Pak operates a facility located in Pointe-Claire, Quebec, near Supremex’s primary folding carton plant in Lachine.

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Billerud Resumes Escanaba Mill Operations After Rare Fungal Outbreak

Billerud has resumed operations at its pulp and paper mill in Escanaba, Michigan, after a rare fungal disease outbreak that began in March forced the company to temporarily idle operations at the site.
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New refiner innovation successfully in operation at Dongguan Jianhui, China

Dongguan Jianhui Paper Co., Ltd. has successfully started up a new mechanical pulping line from Andritz including the world’s first TwinFlo Prime refiner.

The newly developed TwinFlo Prime optimizes the pulp flow to each refining zone thanks to improved refining gap adjustment. This reduces wear on the refiner plates and thus results in longer plate lifetime and lower maintenance cost.

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Millcraft Paper Company acquires assets of TNT Papercraft

The Millcraft Paper Company announces  that it has acquired the assets of TNT Papercraft, Cincinnati, Ohio, effective April 1, 2023. Founded by Don Trautmann in 1995, family-owned TNT has a wonderful reputation as a leading distributor of paper and office products for more than 28 years. The acquisition strengthens Millcraft’s position in Southwest Ohio and the

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Renewcell and CTA Green Fibre sign Letter of Intent

The Swedish textile-to-textile recycling innovator Renewcell has signed a Letter of Intent with China Textile Academy Green Fibre Co. Ltd., an innovative Chinese lyocell fiber producer, concerning a long-term commercial collaboration around man-made cellulosic fiber production. The agreement affirms the two companies’ intent to work together to supply lyocell textile fibers made using Circulose®, the 100% recycled textile pulp made by Renewcell, to global fashion brands in the coming years. The agreement has been facilitated by Ekman Group, Renewcell’s exclusive global trading partner.

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Andritz to supply pulping line to Hubei Xianhe New Materials in China

International technology group Andritz has received an order from Hubei Xianhe New Materials Co., Ltd. to supply a chemo-thermomechanical pulping line with a capacity of 350 admt/d for its mill in Jingzhou City, Hubei Province, China.

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Valmet to Deliver Coating Section Upgrade with Electric Heated Air Dryers to Stora Enso Imatra Mills

Valmet announced that it will upgrade the coating section of Board Machine 5 at Stora Enso Imatra Mills, Tainionkoski in Finland. In addition to electric heated OptiDry Coat air dryers, the upgrade includes a drying capacity increase in the coating section, a new wire loop to the existing dryer group and automation.

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