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آرشیو برچسب های: Packaging

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Graphic Packaging to acquire Bell Incorporated

منتشرشده در by Maxwell
19
مرداد

Graphic Packaging Holding Company has entered into a definitive agreement to acquire Bell Incorporated, a well-capitalized U.S. packaging provider. The proposed acquisition is expected to add approximately $200 million in sales, $30 million in Adjusted EBITDA and will support strategic priorities of increasing integration rates and expanding customers and categories. Annual synergies of approximately $10 million are expected within 24 months of closing. The transaction includes three well-capitalized packaging facilities in the Midwest that consume 95,000 tons of paperboard annually.

The transaction is expected to close in the Q4 2023, subject to regulatory approvals and other customary closing conditions.

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PT Multi Spunindo, Indonesia, orders Power Cleaners from ProJet

منتشرشده در by Maxwell
19
مرداد

PT Spunindo, has ordered a Power Cleaner systems from ProJet. The order was received in July, 2023. The value of the order will not be disclosed. Delivery is scheduled to take place in Q4 of 2023 with a start up in 2023 or early 2024.

Power Cleaner on Spunbond&Meltblown Reicofil line

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Valmet to Deliver Recovery Boiler Upgrade to Lecta’s Torraspapel Mill in Spain

منتشرشده در by Maxwell
18
مرداد

Valmet will deliver a recovery boiler upgrade to Lecta Group’s Torraspapel combined pulp and paper mill in Zaragoza, Spain.

According to Valmet, the primary target of the upgrade is to increase the recovery boiler’s black liquor capacity. The upgrade will also reduce the mill’s emission levels and improve the water side of the boiler, hence enabling the capacity increase. The upgrade will take place during the mill’s annual shutdown in October 2023.

“The project will help Lecta to optimize the energy balance of Zaragoza mill as well as make progress in our medium-term decarbonization plan. It also contributes to eliminate a bottleneck for possible future growth in production and/or use of other eucalyptus species. Valmet has always been a reliable and trustworthy supplier for Lecta, with a high degree of technical capabilities in the pulp and paper areas,” says Primitivo Prados, Mill Manager at Torraspapel mill.

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Arctic Paper expects lower Q2 result

منتشرشده در by Maxwell
18
مرداد

Arctic Paper S.A. expects an EBITDA result for the Q2 2023 in the range of PLN 60-70 million ($14.7- 17.2 million), which is lower than current market estimates. The lower result is due to a significantly lower revenue of PLN 836 million ($205 million); this in turn is due to the general economic slowdown and customers destocking. Arctic Paper focuses on margins and has adapted production with a high degree of cost efficiency to meet the weaker market.

“The volatility of the pulp and paper markets serves as a reminder of the importance of our long-term strategic plan to diversify into energy and packaging, while maintaining our strong positions in the pulp and paper markets. We are working intensively to develop future growth opportunities in line with the 4P strategy”, says Michal Jarczyński, CEO of Arctic Paper S.A.

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WestRock Announces Plans to Close Pulp and Paper Mill in Tacoma, Washington

منتشرشده در by Maxwell
17
مرداد

WestRock today announced it will permanently cease operating its paper mill in Tacoma, Washington, and will conclude production by September 30, 2023.

WestRock is committed to improving its return on invested capital as well as maximizing the performance of its assets. The combination of high operating costs and the need for significant capital investment were the determining factors in the decision to cease operations at the mill.

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Total U.S. Boxboard Production Decreased Eleven Percent in Q2 2023

منتشرشده در by Maxwell
17
مرداد

The American Forest & Paper Association (AF&PA) released its Q2 2023 Boxboard report. According to the report, total boxboard production in Q2 decreased 11% compared to Q2 2022. The boxboard operating rate was 86.6%, down 7.6 points from Q2 2022.

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Opening of BTG Center of Excellence in Hyderabad, India

منتشرشده در by Maxwell
16
مرداد

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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Mativ announces proposed sale of engineered papers business for $620 million

منتشرشده در by Maxwell
16
مرداد

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.

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Maximising the recyclability of paper sacks

منتشرشده در by Maxwell
15
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.

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Kemira’s President & CEO Jari Rosendal has died

منتشرشده در by Maxwell
15
مرداد

Kemira’s long-serving President & CEO Jari Rosendal has died after a short illness on July 31, 2023. Jari Rosendal was 58 years old and served as Kemira’s President & CEO since 2014. He was a Member of the Board of Directors of Neste Oyj, Finnish Chemical Association and European Chemical Industry Council Cefic. Before joining Kemira he had a long career in the mining industry.

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Ilim Group appoints Alexey Chernyaev as Acting CEO

منتشرشده در by Maxwell
14
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.

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Hood Container acquires Sustainable Printing LLC

منتشرشده در by Maxwell
14
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.

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DS Smith to acquire Serbian packaging company

منتشرشده در by Maxwell
14
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.

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Crisis looms over Russian pulp and paper industry amidst sanctions and plummeting Chinese demand

منتشرشده در by Maxwell
13
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.

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Whakatane Paper Mill’s investment to boost folding boxboard production

منتشرشده در by Maxwell
12
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.

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Canfor Pulp Reports Results for Second Quarter of 2023

منتشرشده در by Maxwell
08
مرداد

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

منتشرشده در by Maxwell
08
مرداد

 

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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Packaging Corporation of America 2Q net sales down to $2 billion

منتشرشده در by Maxwell
08
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).

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

منتشرشده در by Maxwell
07
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.

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

منتشرشده در by Maxwell
07
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.

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