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CD&R Completes Acquisition of Veritiv Corporation

منتشرشده در by Maxwell
14
آذر

Veritiv Corporation, a leading distributor of packaging, facility solutions, and print products, today announced that an affiliate of Clayton, Dubilier & Rice, LLC (CD&R) completed its acquisition of the company.

CD&R is a private investment firm with offices in New York and London.

On August 7, 2023, CD&R and Veritiv announced they had entered into a definitive agreement under which each share of Veritiv common stock issued and outstanding immediately prior to the closing of the transaction would be acquired for $170.00 per share in cash, valuing Veritiv at approximately $2.6 billion.

“The completion of this transaction represents an important milestone in our company’s journey,” said Sal Abbate, Chief Executive Officer of Veritiv. “CD&R’s significant investment in Veritiv is a testament to our company’s strong positioning as a leading specialty distribution solutions company and to our team’s hard work and commitment. We are confident that this partnership, along with the financial and operational flexibility we will now have as a private company, will enable us to continue enhancing the innovative and sustainable solutions we deliver to our customers today – and into the future.”

 

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Metsä Group’s Kuura textile fibre gained important recognition in sustainability matters

منتشرشده در by Maxwell
11
آذر

Kuura textile fibre, which is made from Metsä Group’s softwood pulp, received a ‘Green Shirt’ rating based on the evaluation arranged by not-for-profit environmental organisation Canopy. Their annual Hot Button Ranking is a well-established tool used in the global textile and fashion industries to assess the sustainability of wood-based textile fibres.

 

Metsä Group’s Kuura textile fibre has achieved high scores based on the Hot Button Ranking evaluation arranged by the Canadian not-for-profit environmental organisation Canopy (see “MI Demo”, which is the subsidiary that owns and operates the Kuura demo plant in Äänekoski, Finland). The Kuura textile fibre, made out of softwood pulp from the Äänekoski bioproduct mill, was awarded for the third consecutive year with a ‘Green Shirt’ rating, the requirements of which are a risk-free, transparent supply chain and traceable raw materials. Leading brand owners, in terms of environmental sustainability, exclusively source fibre from ‘Green Shirt’ producers.

 

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Lumber operations to be curtailed in Chapman, Alabama, US

منتشرشده در by Maxwell
09
آذر

Boise Cascade announced an indefinite curtailment of its lumber production in Chapman, AL. The curtailment will affect approximately 80 positions. The plywood operations at the Chapman location are not part of the curtailment.

The Worker Adjustment and Retraining Notification (WARN) Act notification was provided to impacted employees and specifies that operations will cease on January 28, 2024.

“The team has worked diligently every day; however, a combination of challenges, including required future investments and overall profitability, has led to this decision,” said Chris Seymour, Senior Vice President of Manufacturing Operations. “It was a difficult and unfortunate decision, but after evaluating a number of factors over the past year, it is not feasible to continue operating at an efficient level.”

“We understand the impact that this shutdown has on our employees and their families,” continued Seymour. “We are communicating about job opportunities within the Company as well as resources that are available to assist them.”

“We will work with our Chapman Lumber customers to manage the transition between now and the eventual curtailment,” said Mike Brown, Executive Vice President, Wood Products. “We continue to focus on growing our engineered wood products business and supporting the remainder of our manufacturing locations.”

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Essity Joins European Research Project Sustronics in Development of Eco-friendly Sensor Technology

منتشرشده در by Maxwell
08
آذر

Essity announced that it has joined the European research project Sustronics, an EU funded project with the goal of moving the European electronics industry towards eco-friendly electronics and the development of cutting-edge functionalities.

Sustronics is a project within Horizon Europe, the EU’s key funding program for research and innovation with a budget of EUR 95.5 billion.

According to Essity, the research project includes nine pilot studies with a focus on healthcare and diagnostics. Prototypes will be developed and in parallel life cycle assessments and methods for eco-design will be applied to ensure sustainability.

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MM Group Reduces and Refocuses Investments at Kwidzyn Mill in Poland

منتشرشده در by Maxwell
08
آذر

Mayr-Melnhof Karton AG (MM Group) has decided to significantly reduce the planned multi-year strategic investment project at its pulp and paper mill in Poland, MM Kwidzyn. The project will now focus investments on renewable energy, further pulp integration and product portfolio.

MM Group said the decision is due to “uncompetitive wood prices from the Polish State Forestry Monopoly and significantly reduced market demand for paper and cardboard products.”

In addition, MM Group has started discussions with employee representatives about a possible closure of the small paper machine (PM 3) for packaging kraft paper and about restructuring, which could lead to a reduction in the workforce of around 110 employees.

In April 2023, MM Group announced that it would invest EUR 660 million at MM Kwidzyn, which included a new recovery boiler and a new steam turbine; a second pulp line and a pulp dryer; and the conversion of paper machine 1 (PM1) from the production of copy paper to sack kraft paper.

 

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Huhtamaki North America launches fiber-based egg cartons

منتشرشده در by Maxwell
06
آذر

With more than 100 years of experience in molded fiber packaging technology, Huhtamaki, the maker of Chinet® tableware, is launching fiber-based egg cartons, made from 100% recycled material, for US egg producers. Huhtamaki is bringing its fiber expertise to the US as an alternative to foam egg packaging.

As of today, twelve states have enacted legislation aimed at banning expanded polystyrene packaging. The most common application for this material includes foam “peanuts” for packing, coolers, food service cups and plates, and egg packaging.In 2022, Huhtamaki announced a $100 million investment into a 250,000-square-foot expansion of its Hammond, Indiana, molded fiber manufacturing plant. Huhtamaki’s state-of-the-art technology will provide a full range of highly customizable egg cartons that are fiber-based and manufactured from 100% recycled North American materials. The cartons will offer increased branding space and will be available in several colors.

 

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Multiple awards in the Americas demonstrate Smurfit Kappa’s continued excellence in innovation

منتشرشده در by Maxwell
05
آذر

Smurfit Kappa was honoured with the 2023 Strategic Supplier Innovation Award from the Chamberlain Group (CG), a recognition of its efforts to improve supply chain efficiency through groundbreaking technologies and sustainable packaging solutions. Smurfit Kappa’s investment in cutting-edge technology, along with its 1000 designers worldwide, enables the creation of customised packaging solutions that showcase customers’ products in the best way alongside advancing their sustainability achievements.

Five Design Awards

Smurfit Kappa also had success at the 42nd Convention of the Corrugated Association of The Caribbean, Central and South America (ACCCSA), where it distinguished itself among its peers in the Design and Booth Competition by securing five prestigious awards. One of the award-winning designs was for the eco-conscious fashion brand Guadalupe Design which needed a sustainable eCommerce solution that would convey the beauty of its products. The design team in Colombia produced a vibrant pack with stand-out print and innovative locking mechanism which can then be repurposed into a storage box.

 

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Rengo acquires stakes in manufacturer of corrugated packaging in India

منتشرشده در by Maxwell
05
آذر

Rengo Co., Ltd. announces that it has acquired 30% of the shares in Velvin Containers Private Limited, a corrugated packaging manufacturer in India. Due to Rengo’s equity participation, the company will change its name to Velvin Rengo Containers Private Limited.

The company is part of Velvin Group, which manufactures and sells corrugated packaging, paper bags, paper cups, etc. in Mumbai, Goa, and Pune in western India, and was established near Chennai in Tamil Nadu to expand business in southern India. The company is currently constructing a corrugated plant with the aim of starting partial operations in March 2024.

India now has the world’s largest population as of 2023 and is actively promoting its manufacturing industry, so demand for the corrugated packaging market is expected to grow significantly. Rengo’s equity participation in the company will produce synergies with Rengo Group companies in Japan and overseas and further enhance Rengo’s global strategy.

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Metsä Board Husum folding boxboard capacity expansion starts up

منتشرشده در by Maxwell
04
آذر

The project to expand folding boxboard production capacity has been completed at the Husum integrated pulp and paperboard mill in Sweden. With the modernisation of the board machine 1 (BM1), the annual production capacity of folding boxboard (FBB) will be increased by 200,000 tons to reach 600,000 tons. This will make the Husum BM1 the largest, and most modern, paperboard machine in Europe and further strengthen Metsä Board’s position as the leading European supplier of folding boxboards.

 

The expansion of folding boxboard capacity is in response to the growing demand for packaging materials made of renewable resources. The BM1 produces folding boxboards that are lightweight, without sacrificing strength properties, which saves on raw materials usage and helps to reduce the carbon footprint of packaging.

 

 

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Toscotec receives second rebuild order from Ranheim Paper & Board in Norway

منتشرشده در by Maxwell
02
آذر

Norwegian cardboard producer Ranheim Paper & Board started up PM5 at its Ranheim paper mill after a dryer section rebuild supplied by Toscotec. The rebuild has been completed according to schedule. Shortly after, Ranheim Paper & Board has placed a new order with Toscotec for the second phase of PM5’s technological upgrade, which is scheduled for autumn 2024. PM5 produces greyboard and coreboard in the basis weight range from 220 to 540 gsm.

Phase one: targets accomplished 
This start-up concludes the first phase of the rebuild of PM5’s dryer section. The target of improving the production efficiency of the dryer section by better controlling the felt tensions and felt guiding has been fully accomplished. Toscotec also re-designed several felt loops to be internal and thereby improved the machine’s cleanliness.

 

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DS Smith announces a €90m investment at Rouen paper mill.

منتشرشده در by Maxwell
02
آذر

DS Smith, a world leader in sustainable packaging solutions, recently unveiled a major investment to transform the paper mill’s energy supply at its site in Normandy, near Rouen. The project includes replacing the coal-fired boiler with a new biomass boiler that will reduce the site’s emissions by 99,000 tonnes of CO2 per year.

 

The 56 MW Valmet high-tech boiler will supply at least 80% of the site’s heat demand and will be fully operational by the first quarter of 2025. It will be fuelled by 94,000 tonnes of biofuel, 30% of which will come from plant by-products (pulper waste) and 70% from waste wood sources such as furniture and demolition waste.

Engie Solutions will operate the boiler, which will allow for the possibility for the future installation of a steam turbine capable of producing around 10 MW of electricity with a maximum steam supply of 65 t/h.

 

 

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MM Group reduces planned investments at Kwidzyn mill in Poland

منتشرشده در by Maxwell
01
آذر

Due to uncompetitive wood prices from the Polish State Forests’ monopoly and low market demand across paper and board products, the company decided to significantly reduce the planned multiannual strategic investment project at MM Kwidzyn relating to energy, further pulp integration and the product range, which was announced end of April 2023. Instead, MM Kwidzyn will focus its investments on increasing its already high share of renewable energy of currently 69 % even further.

In addition, the company has entered in consultations with trade unions and work council on a potential closure of the small packaging kraft paper machine (PM 3) and a reorganisation, which may include collective dismissal of around 110 employees.

MM Kwidzyn will continue with unchanged production of pulp and virgin fibre-based cartonboard. Regarding the paper production, paper machines PM 1 and PM 2 will continue to produce up to 360 kt/year uncoated fine paper and 40-80 kt/year “IPACKTM Strong Pro” (packaging kraft paper). Since the rebuild of one of the uncoated fine paper machines has been put on hold, sack kraft paper will not be produced in Kwidzyn.

MM Kwidzyn is a leading cartonboard, paper and pulp producer in Poland. Since mid-2021 it has been owned by Austrian MM Group and is one of six European mills of MM Board & Paper. It produces virgin fibre-based cartonboard, uncoated fine paper, packaging kraft paper and pulp. The Company is selling a large share domestically and exporting its products mainly in the EU.

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Paperworld China kicks off this Friday as industry players reunite for face-to-face business

منتشرشده در by Maxwell
29
آبان

Over 300 exhibitors are set to showcase a wide spectrum of stationery, office supplies as well as personalised, cultural and trendy products at this week’s Paperworld China, which takes place at the Shanghai World Expo Exhibition & Convention Center. From 17 – ۱۹ November 2023, the show will offer global buyers a well-rounded sourcing experience and an efficient platform for national and international business. A dynamic series of industry activities, insightful seminars and engaging discussions will be held concurrently to enrich participants’ experiences.

Ms Judy Cheung, Deputy General Manager of Messe Frankfurt (HK) Ltd, is looking forward to a successful three days of business exchange: “This year’s show carries immense significance, as it marks its first return since 2020 after being interrupted by the pandemic. Players from across the entire industry are eager to once again gather at the fairground to reconnect and unveil their latest in stationery, office supplies, hobby, arts and craft supplies. Additionally, this year’s show has been further enriched by including trendy consumer lifestyle goods. We can’t wait for exhibitors and buyers to take advantage of the expanded range of products and make the most of this exciting opportunity for new business to be generated.”

 

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The conversion investment project at Norske Skog Golbey will augment from EUR 265 to 300 million

منتشرشده در by Maxwell
28
آبان

The net investment amount for the conversion project at Norske Skog Golbey will increase from EUR 265 to 300 million. As of the 3rd quarter of 2023, a net EUR 200 million has been invested in the project. The increase is generally due to increased purchase prices for goods and services throughout the project period as well as somewhat delayed deliveries of equipment. The start-up of production of packaging in Golbey is postponed to the second half of 2024 due to delivery delays. Considerable effort will be devoted going forward to ensure that the conversion project is completed within the new framework.

“The Golbey conversion project has a massive scope and has been carried out during a period of very high inflation and challenging global supply chains. Delayed deliveries and associated consequences have necessitated the project team in Golbey, along with the company’s leadership, to revise the project parameters. This has been a demanding process due to the project’s complexity and because it deviates from the plans we have communicated so far. Therefore, there will be a strong focus going forward to ensure that we deliver the project within these new parameters,” says Geir Drangsland, CEO of Norske Skog.

 

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Carton Group builds multinational group focused on sustainable packaging solutions

منتشرشده در by Maxwell
28
آبان

Carton Group, a leading supplier of packaging solutions and a portfolio company of Waterland Private Equity, has completed a successful refinancing and made three strategic acquisitions in Italy, Germany and the UK. The company is further developing its position as a multinational player and underscoring its commitment to innovation, sustainability and design.

Carton Group started as a Waterland portfolio company in 2020. Following the two initial acquisitions of Joh. Leupold GmbH & Co. KG in Schwabach and Strobel AG in Roth, it is now taking important steps to forge ahead with its growth strategy. A group refinancing has laid a solid financial foundation for implementing the company’s ambitious plans and further strengthening its market position. On this basis, Carton Group has made three major acquisitions since September 2023, thereby expanding its portfolio and its presence on the international market: The addition of new group members Europoligrafico in Italy, noble-pac in Düren, North Rhine Westphalia, and Wrapology in London, UK, represents a transformative milestone in the development of Carton Group.

 

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Advanced Industries Packaging introduces a counterfeiting solution: UV mark

منتشرشده در by Maxwell
25
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Recently the market faced a serious threat of products counterfeiting. To support its customers and secure final users AIP (Advanced Industries Packaging) has developed an easy-in-use solution: UV mark on the surface of the sack.

What is it: The security mark visible in UV light is a measure of protection and identification of the originality of customers’ products and protection against counterfeiting.

How it works: It is applied on the bottom patch or on the body of the sack and either has the image of the client’s logo or of the sack’s manufacturer (it is up to the client). This mark is invisible in the visible spectrum but is visible through UV light.

 

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Toscotec to supply a complete drying section rebuild to Rexcell in Sweden

منتشرشده در by Maxwell
25
آبان

Toscotec will supply a complete rebuild of PM1’s drying section to Rexcell Tissue & Airlaid at its Skåpafors mill in Sweden. Planned for the second half of 2024, the project aims to support Rexcell to achieve substantial energy consumption reductions as part of its strong commitment to sustainability.

 

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Supremex reports 2.8% revenue increase in Q3

منتشرشده در by Maxwell
24
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Supremex Inc. , a leading North American manufacturer and marketer of envelopes and a growing provider of paper based packaging solutions, recently announced its results for the third quarter ended September 30, 2023.

Total revenue increased by 2.8% to $69.8 million, from $67.9 million in the third quarter of 2022. Envelope segment revenue up 0.4% to $49.3 million, from $49.1 million in the prior year.

Packaging and specialty products segment revenue of $20.5 million, up 9.1% from $18.8 million last year.

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Sun Paper achieves early start-up of Nanning PM 2 and PM 3 packaging paper machines

منتشرشده در by Maxwell
23
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Recently, Sun Paper’s two state-of-the-art packaging paper machines PM 2 and PM 3 were successfully commissioned at the Nanning, China site within one month. PM 3 successfully passed the tests in only three weeks and achieved a record-breaking start-up time of only one hour from stock on wire to the first saleable paper roll. With the start-up of the two state-of-the-art XcelLine machines from Voith, Sun Paper consolidates its leading position in the global paper industry and sets another milestone in the long-standing cooperation between the two companies. The exceptional performance is the result of many years of trust and close cooperation between the Sun Paper and Voith teams. The daily exchange of knowledge and thorough project preparation led to significantly reduced downtimes during project implementation.

 

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ABB upgrades drive control system at Jujo Thermal paper mill in Finland

منتشرشده در by Maxwell
21
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Jujo Thermal selected ABB to upgrade its drive control system at its mill in Kauttua, Finland, for improved runnability and efficiency. ABB’s scope of delivery included the provision and commissioning of the upgrade package for the existing PM2 drive control system and new drives.

 

Jujo Thermal is one of the world’s leading suppliers of durable, direct thermal papers for labels, tickets, tags and point-of-sales use. It also generates one-side coated self-adhesive label stock and has a production volume reaching 72,000 tons per year.

 

 

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