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آرشیو برچسب های: economy

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PT. Sun Paper Source awards ProJet order for high pressure cleaners

منتشرشده در by Maxwell
21
مرداد

ProJet received an order for the supply of 2 new high pressure showers for the Forming Fabric and the Felt Section from PT. Sun Paper Source. SPS Tissue is located in Mojokerto, Indonesia and TM12 is producing towel and tissue grades, made from recycled fiber. This leads to contamination on the Forming Fabrics and Press Felts, which require special attention for High Pressure cleaning during production.

The order was received in Augustt 2023. The equipment is scheduled to be delivered in Q2, 2023 and installation & start-up later in July 2023. The value of the order will not be disclosed.

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Pulp and paper machinery market is likely to see a surge in demand and growth

منتشرشده در by Maxwell
21
مرداد

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s Pulp And Paper Machinery Global Market Report 2023 identifies the growing printing industry is expected to propel the growth of the pulp and paper machinery market. Pulp and paper machinery is used to rapidly and massively produce paper for printing purposes, as well as to create a continuous paper web by filtering out the fibres stored in paper stock.

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Pixelle CEO Tim Hess to Step Down Due to Health Reasons; Ross Bushnell to Succeed Him

منتشرشده در by Maxwell
19
مرداد

Pixelle Specialty Solutions today announced that Timothy Hess has decided to step down from his position as President and Chief Executive Officer for health reasons, effective August 7, 2023.

In addition, the Company’s Board of Directors announced that following a comprehensive search process, it has selected Ross Bushnell to succeed Hess as Pixelle’s President and Chief Executive Officer. Bushnell has been appointed to the Board of Directors, and Hess will be available to support a smooth transition and will continue serving on the Board.

Ross Bushnell joins Pixelle with more than 25 years of commercial and general management experience. Mr. Bushnell most recently served as President and CEO at Scholle IPN, a global leader in flexible packaging solutions with over $700 million in sales and 2,200 team members in 11 countries. At Scholle IPN, Mr. Bushnell led his team to achieve best-in-class revenue and EBITDA growth that resulted in the very successful acquisition of Scholle IPN by SIG in June of 2022. Since the transaction, Mr. Bushnell has served as President of the legacy Scholle IPN business and as a member of SIG’s Group Executive Board.

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Graphic Packaging to acquire Bell Incorporated

منتشرشده در by Maxwell
19
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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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Mercer International announces temporary curtailment of its Celgar pulp mill

منتشرشده در by Maxwell
18
مرداد

Mercer International Inc. recently announced the temporary curtailment of operations at its Celgar pulp mill located in Castlegar, BC, including wood acceptance. The curtailment is currently scheduled to become effective July 29, 2023, until August 28, 2023.

This temporary curtailment results from a significant loss of rail transport capacity resulting from the Vancouver port job action. The job action has led to a complete halt in railcar circulation, severely impacting the mill’s ability to transport pulp.

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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
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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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Mondi expands ISTA-approved testing services to all its eCommerce packaging solutions

منتشرشده در by Maxwell
17
مرداد

Mondi, a global leader in sustainable packaging and paper, is pleased to announce the expansion of its International Safe Transit Association (ISTA) and Amazon Packaging Support and Supplier Network (APASS) certified Performance Lab services to cater to the growing demands of eCommerce customers. Mondi’s Performance Lab can now also test converted solutions such as MailerBAGs and corrugated boxes. Located in České Budějovice, Czechia, the Mondi Performance Lab complements its eCommerce service offering for high-performance eCommerce packaging, from base material to converted solutions. The laboratory’s state-of-the-art equipment simulates the typical impact of packed goods in each supply chain step.

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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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Clearwater Paper Reports Second Quarter 2023 Results

منتشرشده در by Maxwell
16
مرداد

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

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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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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CenturyPly produces first fibers with its new Andritz pressurized refining system

منتشرشده در by Maxwell
15
مرداد

CenturyPly successfully produced first fibers with its recently installed ANDRITZ pressurized refining system at its medium-density fiberboard (MDF) production plant in Punjab, India. At the same time, the company placed an order for another ANDRITZ pressurized refining system for its MDF line in Andhra Pradesh, India. This will be the third system supplied by ANDRITZ to CenturyPly.

Himanshu Shah, President MDF Business at CenturyPly, says: “We have been working with ANDRITZ Panelboard since 2016 and have always been impressed by the superior fiber quality we receive from ANDRITZ’s well-proven technology. Our two existing lines are operating smoothly, and we appreciate the high energy efficiency throughout the entire process. We trust in ANDRITZ as a reliable partner and look forward to our third collaboration.”

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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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