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Canfor reports its 3Q 2022 results

Canfor Corporation recently reported its third quarter of 2022 results.

For the third quarter of 2022, the Company reported operating income of $108.6 million, down $423.0 million from the operating income of $531.6 million reported for the second quarter of 2022, largely reflecting a decline in lumber segment earnings, slightly offset by improved pulp and paper segment results.

 

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SCA to Establish New Renewable Energy Reporting Segment

SCA said that it will introduce a new reporting segment — Renewable Energy — from January 1, 2023. The decision is in line with SCA’s stated ambition to grow and realize business opportunities in the renewable energy sector.

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Valmet ranked third top employer in Finland among engineering professionals

Valmet has been ranked as the third top employer among engineering professionals in Finland according to a new study by Universum. The ranking was published in Universum’s annual survey, which is the biggest employer attractiveness survey in Finland.

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Total U.S. Containerboard Production Decreased 8.6 Percent in Q3 2022

The American Forest & Paper Association (AF&PA) released its Q3 2022 U.S. Containerboard Quarterly report. According to the report, total containerboard production in Q3 2022 decreased 8.6% compared to Q3 2021. It was down 1.6% when compared to the same 9 months of 2021.

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Total U.S. Boxboard Production in Q3 2022 Increased Three Percent

The American Forest & Paper Association (AF&PA) released its Q3 2022 Boxboard report. According to the report, total boxboard production in Q3 increased 3% compared to Q3 2021. It was up 2% when compared to the same 9 months of 2021.

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Paper Excellence and Resolute Announce Intention to Sell Thunder Bay Pulp and Paper Mill

The Paper Excellence Group and Resolute Forest Products Inc. today announced their intention to sell Resolute’s Thunder Bay pulp and paper mill in Ontario, Canada, to further facilitate the regulatory review process.

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Cardbox Packaging invests over Euro 14 million to expand Wolfsberg site in Austria

Cardbox Packaging Group’s announcement of the site expansion in Wolfsberg is resulting in over Euro 14 million investment not only in the new premises but especially in new machinery and automatization. This operation will significantly affect both Austrian sites of Cardbox Packaging.

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Mondi and Reckitt launch paper-based packaging for Finish dishwasher tabs with 75% less plastic

Mondi, a global leader in sustainable packaging and paper, has helped Reckitt on its sustainability journey by designing new paper-based packaging for the company’s market-leading Finish dishwasher tablets.

 

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Atlas Holdings Acquires Crown Paper Group

Atlas Holdings announced today that it has completed the acquisition of Crown Paper Group, including Port Townsend Paper Corporation and Crown Corrugated Company, an integrated mill and containerboard operation in the Pacific Northwest and Western Canada.

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Mondi invests Euro 400 million in paper machine at Štětí mill in Czech Republic

Mondi has announced the approval of a Euro 400 million investment in a new paper machine at its Štětí mill in the Czech Republic. The investment forms part of the Group’s Euro 1 billion expansionary capital investment program.

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Andritz to install predictive maintenance system at Welspun Advanced Material, Telangana, India

Andritz has received an order from Welspun Advanced Materials, India, to supply a Metris predictive maintenance system for its spunlace production line at the Telangana plant.

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Pratt Industries Officially Opens New Corrugated Box Plant in Park City, Kansas

Governor Laura Kelly joined officials from Pratt Industries as they opened their new state-of-the-art advanced manufacturing corrugated box plant in Park City. The plant represents a $200 million investment that will create 58 new high-paying, quality jobs in Sedgwick County over the next five years.

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Klabin starts up the world’s first commercial-grade, concentrated sulfuric acid plant in a pulp mill

Klabin has successfully started up a sulfuric acid plant supplied by ANDRITZ at its Ortigueira/PR plant in Brazil. The plant is a world first and has the capacity to produce 150 tons of commercial-grade sulfuric acid per day from concentrated odorous gases and elemental sulfur. It serves the pulp lines at Klabin’s Puma Unit and makes the site completely self-sufficient in sulfuric acid by recycling sulfur from the waste streams.

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Edson to demonstrate its first-in-industry KDF Stack Prep System at Pack Expo 2022

Edson, a ProMach brand, is debuting its new KDF Stack Prep System, a robotic cell that automates the infeed area of a case packer, in booth N-5348 at PACK EXPO 2022, October 23-26, at McCormick Place in Chicago.

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Increasing Efficiency and Reducing Resource Needs with Predictive Maintenance and Process Automation

Process automation can meet these demands by performing tasks efficiently and autonomously with minimal employee intervention.The result is increased business productivity and efficiency.

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Smurfit Kappa to Invest $100 Million in New Biomass Boiler at Its Paper Mill in Yumbo, Columbia

Smurfit Kappa is investing almost USD 100 million in a sustainable biomass boiler to be installed at its Cali Mill in Yumbo, Columbia, which will reduce the company’s global Scope 1 and Scope 2 CO2 emissions by approximately 6%.

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UPM’s c to Be Supplied with Sustainable Power from New Wind Park

UPM said that its commitment to wind power in Finland will significantly decrease emissions resulting from the company’s production of paper thanks to a new wind park in Pyhäjoki, Finland that is expected to reach full capacity in generating power in early 2023.

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