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Gunnar Eberhardt appointed Executive Vice President, UPM Communication Papers

Gunnar Eberhardt has been appointed Executive Vice President, UPM Communication Papers. He will be a member of UPM’s Group Executive Team and report to Massimo Reynaudo, President and CEO. He will start in his role in October 2024

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International Paper announces expiration of HSR in DS Smith deal

The boards of International Paper Company and DS Smith Plc announce the expiration of the waiting period under the Hart-Scott-Rodino Act for the proposed combination of DS Smith with International Paper.

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Pro-Gest decides not to pay scheduled interest payments on €250m bond

Italy’s independent recycling, paper and packaging group Pro-Gest has informed the market that the company decided not to pay the accrued interest on its €250m 3.25% Senior Notes 2024 due on 15 June 2024.

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Sonoco implementing price increase for all paperboard converted products in the US and Canada

Sonoco announced it will raise the price for all converted paperboard products by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after July 10th, 2024. This includes tubes, cores, cones and protective packaging.

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GreenFirst announces $24 million financing for Kap Paper

GreenFirst Forest Products Inc. announces Kap Paper Inc., a wholly owned subsidiary of GreenFirst, has entered into a loan agreement with a third party establishing a non-revolving term loan facility of up to $24 million to support its paper mill operations in the town of Kapuskasing.

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Lecta joins the “Cartón Circular” initiative

Cartón Circular is the collective EPR system promoted by different associations in the paper and cardboard industry value chain in Spain, including ASPAPEL, the Spanish Association of Pulp and Paper Manufacturers.

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Burgo Sora mill officially launches primary fibre-based board products

Burgo has rebuild fine paper machine PM 2 at the Sora mill in Italy for folding boxboard and food service board production. Burgo puts the capacity of PM 2 at 200,000 tpy.

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