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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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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Epson recently introduced its newest addition to the portfolio of Legacy Papers – Legacy Baryta II. Inspired by the legendary f/64 Group of photographers, Baryta II is an OBA-free 100% cotton fiber paper with a true baryta coating.
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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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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 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.
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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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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