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آرشیو برچسب های: paper machine

Packaging Corporation of America’s Q1 net sales down 7.5%

Packaging Corporation of America reported Q1 2023 net income of $۱۹۰ million, or $۲.۱۱ per share, and net income of $۱۹۸ million, or $۲.۲۰ per share, excluding special items. Q1 2023 net sales were $۲.۰ billion in 2023 and $۲.۱ billion in 2022.

In the Packaging segment, total corrugated products shipments and shipments per day were down 12.7% compared to the Q1 2022. Containerboard production was 1,086,000 tons, and containerboard inventory was down 36,000 tons from the Q1 2022 and up 6,000 tons compared to the Q4 2022. In the Paper segment, sales volume was down 23,000 tons from the Q1 2022 and down 6,000 tons compared to the Q4 2022.

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Valmet to deliver a chip washing and defibrator system to Arauco in Mexico

Valmet will deliver a new refiner with chip washer capacity of 28 ton/h to Arauco’s new MDF plant located in Zitácuaro, Mexico. The start-up of the system is planned for the last quarter of 2024.

The order was included in Valmet’s orders received of the first quarter 2023. The value of the order will not be disclosed.

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Voith’s Papermaking Academy Contributes to Successful Start-up of PM 2 at SCA Obbola Mill

Voith delivered effective commissioning trainings for the November 2022 start-up of the world’s largest kraftliner machine, SCA’s PM 2, in Obbola, Sweden. Thanks to Voith’s PapermakingAcademy and comprehensive documentation, the SCA team was optimally prepared for operation of its new state-of-the-art facility.

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KKR to acquire measurement instrument provider Industrial Physics

KKR, a leading global investment firm, today announced the signing of a definitive agreement under which investment funds managed by KKR will acquire Industrial Physics (or the “Company”), a leading manufacturer of testing and measurement instruments, from Union Park Capital (“UPC”). KKR plans to support the Company in its continued growth organically and through add-on acquisitions. Financial terms were not disclosed.

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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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Connected motors in action: driving efficiency and cutting emissions at two Swedish mills

The pulp and paper industry shares the twin challenge of high energy prices and a need to decarbonize. Across industry, over 90 percent of business leaders believe that rising energy costs threaten their business’s ability to compete, according to an ABB survey from March 2023. The data also reveals that businesses expect lower profitability and plan to cut investment in essential areas such as research, people, marketing, and infrastructure. Concerningly, the research also found that energy prices may impact Net Zero targets – ۵۸ percent of businesses say they may have to move their goals back by as much as five years.

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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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Mondi Announces Modernization Program at Its Dynäs Kraft Paper Mill in Sweden

Mondi announced an upgrade program for its Dynäs pulp and paper mill in Sweden, which will increase efficiency and further improve the overall environmental performance of the mill.

The Dynäs mill produces high-quality sack and specialty kraft papers, used for a variety of paper-based packaging solutions for industrial and consumer industries, and is an important part of Mondi’s Flexible Packaging business.

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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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James Cropper to permanently idle one paper machine

James Cropper, a global market leader in advanced materials, luxury packaging and paper products, announces a strategy to accelerate growth across the Group.

Since the appointment of Steve Adams as Chief Executive Officer in August 2022, the Company has made significant progress in repositioning James Cropper to capitalise on growth opportunities within its core and emerging end-markets. The fast-growing renewable energy and decarbonisation markets are creating an ever-greater need for novel and high-performance materials, while sustainable fibers, and low, or zero-carbon processing are driving growth within paper and packaging.

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MM Group Announces EUR 660 Million Investment Project at Kwidzyn Mill in Poland

The MM Group (MM) has approved a comprehensive investment project to increase the long-term competitiveness of its largest board and paper mill, MM Kwidzyn in Poland. Energy and CO2 cost reduction, pulp integration and entry into the market for sack kraft papers are to set the mill up for sustainable future success.

The investment project of around EUR 660 million is essentially divided into three parts: The investment in a new recovery boiler and a new steam turbine is expected to contribute to a significant reduction in energy costs and a reduction in the carbon footprint, to meet future market requirements and achieve the goal of “Net Zero Carbon Emission”

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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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