New Zealand’s Whakatane Mill Ltd (WML) announces a significant investment upgrade, and progress is already well underway.
WML has successfully secured a substantial private investment of over NZD$70 million from its shareholders. This investment marks the most significant capital expenditure for WML since 2004 and is a testament to its commitment to growth. The infusion of funds will facilitate a major upgrade, elevating WML to industry-leading standards.
خواندن ادامه مطلب
Canfor Pulp Products Inc. (CPPI) today reported its second quarter of 2023 results.
The Company reported an operating loss of $37.9 million for the second quarter of 2023, compared to an operating loss of $25.2 million for the first quarter of 2023. After taking into consideration a net $6.9 million inventory write-down in the current period, the Company’s adjusted operating loss was $31.0 million for the second quarter of 2023, compared to an adjusted operating loss of $21.6 million for the first quarter of 2023. These results, for the most part, reflect the impact of substantial global pulp pricing declines in the current quarter driven by elevated global market pulp producer inventory levels and weak global softwood pulp demand.
خواندن ادامه مطلب
Packaging Corporation of America (PCA) reported Q2 2023 net income of $۲۰۳ million, or $۲.۲۴ per share, and net income of $۲۰۹ million, or $۲.۳۱ per share, excluding special items. Q2 net sales were $۲.۰ billion in 2023 and $۲.۲ billion in 2022.
Excluding special items, the ($.92) per share decrease in Q2 2023 earnings compared to the Q2 2022 was driven primarily by lower volumes in the Packaging ($.90) and Paper ($.07) segments, lower price and mix in the Packaging segment ($.47), higher depreciation expense ($.09), and higher other converting costs ($.03).
خواندن ادامه مطلب
DS Smith announced a significant investment plan to be implemented in the next two years across its three packaging sites in Greece. The EUR 33.9 million investment is focused on equipment upgrades including purchasing state-of-the art machinery for innovative packaging to boost productivity as part of the company’s growth strategy in the East European market.
Starting with upgrades at Ierapetra’s Box Plant this summer, the investments will not only advance packaging capabilities, but also create a safer working environment. Investment into other sites located in Ancient Corinth and Thessaloniki will also see the modernization of equipment and minimize raw material waste.
خواندن ادامه مطلب
Hiang Seng Fibre Container Co., Ltd. has chosen to rely on A.Celli for a complex and highly technological rebuilding intervention on their PM5 located in Bangkok, Thailand.
A.Celli know-how will make it possible to rebuild the PM5 headbox, converting it from single to double-layer with the aim of improving the testliner printability.
UPM Communication Papers today announced plans to permanently close its Plattling mill in Bavaria, Germany, reducing the uncoated and coated publication paper capacity by 595,000 tonnes in Europe.
UPM said, “These plans are a continuation of necessary steps to proactively ensure competitiveness of our operations and align graphic paper capacity to a profitable customer demand.
خواندن ادامه مطلب
Huhtamaki is making a significant investment in its Paris, Texas facility in the U.S. The investment consists of an expansion of its manufacturing capacity as well as a consolidation of an external warehouse. The investment into production assets is approximately $30 million, and the warehouse and manufacturing facility will be leased. This will significantly increase the North America business segment’s capacity in folding cartons to support the growth of the Foodservice business.
خواندن ادامه مطلب
In March 2023, Ahlstrom launched a consultation process with employee representatives at its Stenay plant in France about the possibility to divest the plant, and if a buyer cannot be found considering closure.
After a long process to identify potential buyers, Ahlstrom has received a binding offer from Accursia Capital to acquire the Stenay plant. The potential acquisition is subject to consultation with employee representatives.
خواندن ادامه مطلب
Södra reported second quarter 2023 net sales of SEK 7,322 million (8,953). Operating profit totaled SEK 464 million (2,325), representing an operating margin of 6 percent (26). Return on capital employed was 13 percent (39) and the equity ratio was 61 percent.
During the quarter, the World-class Efficiency project achieved annual efficiency gains of SEK 500 million.
خواندن ادامه مطلب
The Manitoba government and the Community Economic Development Fund are partnering with Canadian Kraft Paper Industries Ltd. (CKP) to explore opportunities for transitioning to a greener economy in northern Manitoba, Natural Resources and Northern Development Minister Greg Nesbitt announced.
“Our government continues to invest in the north, creating and maintaining sustainable jobs,” said Nesbitt. “The use of forest biomass in the north can benefit both the environment and the local economy. It is a potential win-win that is well worth exploring further.”
خواندن ادامه مطلب
Runtech Systems has received a repeat order from DS Smith Paper Ltd, Kemsley Mill, for a RunEco vacuum system rebuild on PM4. In the rebuild, existing liquid ring pumps will be replaced by four EP600 Turbo Blowers. Delivery also includes detailed engineering, EcoDrop and EcoSep water separators. With the rebuild, PM4 targets significant energy savings and reduction in CO2 emissions.
خواندن ادامه مطلب
Canfor Pulp Products is announcing the curtailment of its Northwood Pulp Mill in Prince George, British Columbia, Canada, effective July 13, 2023.
The curtailment is due to limited storage space for pulp products that cannot be transported overseas as a result of the ongoing labour dispute at B.C. ports.
The downtime is expected to remain in place for the duration of the labour dispute and will remove approximately 11,000 tonnes of market kraft pulp per week.
خواندن ادامه مطلب
West Fraser Timber Co. Ltd. announced an agreement to sell its unbleached softwood kraft pulp mill in Hinton, Alberta to Mondi Group plc, a global company in sustainable packaging and paper.
The transaction establishes a long-term partnership between the two companies in the region. Pursuant to the transaction, West Fraser will continue to supply fibre to the Hinton mill under long-term contract, via residuals from West Fraser’s Alberta sawmills. Mondi’s intention, subject to pre-engineering and permitting, is to invest Euro 400 million in the expansion of the Hinton mill, primarily for a new 200,000 tonne per annum kraft paper machine, anticipated to be operational from the second half of 2027.
خواندن ادامه مطلب
Industry-leading Turkish flavour company Aromsa, whose products include sauces, toppings, extracts and seasonings, was faced with a challenge. The company was fully committed to its sustainability strategy, but it had also started to work with a new customer who wanted to use stainless-steel containers for shipping. This would require an investment into approximately 250 stainless-steel containers, which is a costly packaging solution. In addition to high price, there are also the logistical costs of storage and maintenance, washing and sterilising the containers.
خواندن ادامه مطلب
Valmet has been selected to supply an OptiFlo Layering Fourdrinier headbox with Aqua layering technology, Valmet Conical Refiners Pro and Conflo to Shree Ajit Pulp and Paper Limited for their Unit 2 Mill at Vapi, Gujarat in India. The start-up is planned for the first quarter 2024.
خواندن ادامه مطلب
ProJet, Netherlands received an order for the supply of 4 new high pressure showers, which will be delivered to PM1 at Cartiera Pirinoli, Roccavione(CN), Italy.
خواندن ادامه مطلب
International technology group Andritz has received an order from DS Smith to supply a complete stock preparation line and an innovative reject treatment system for the mill in Porcari, Italy, that produces new packaging papers from 100% recycled paper. The stock preparation line includes Europe’s largest FibreFlow drum pulper.
The equipment provided by Andritz will be used on the new paper machine, due to start up mid-2025, that will provide a range of paper grades for the FMCG and e-commerce sectors serviced by DS Smith.
خواندن ادامه مطلب
Stora Enso has selected ABB for supplying sectional drive systems for their Oulu mill in Northern Finland, where their former paper line will be converted into a consumer board line for folding box board and coated unbleached kraft.
Production on the new converted machine is estimated to start during 2025.
Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials and wooden constructions.
ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future.
خواندن ادامه مطلب
The Rengo Group will achieve zero use of coal at manufacturing sites in Japan by 2027. Currently, the Paperboard Production Group’s Kanazu Mill and Marusan Paper Mfg. Co., Ltd. use a total of approximately 125,000 tons of coal each year. Kanazu Mill will convert to the use of liquefied natural gas (LNG) for fuel in 2026 and Marusan Paper Mfg. in 2027 to fully abolish the use of coal. This will move the Group significantly closer toward achieving the stated target for reduction in CO2 emissions derived from fossil energy.
The Group has also declared in Rengo Group Environment Action 2050 that it is taking on the challenge of achieving net zero greenhouse gas emissions by 2050. In addition to the plan for zero use of coal, the Group will implement further environmental countermeasures to achieve carbon neutrality.
خواندن ادامه مطلب
With a joint investment of approximately Euro 29 million by Stora Enso and Tetra Pak, a new recycling line for post-consumer beverage cartons is starting operations in Poland.
Stora Enso has invested approximately Euro 17 million into a new repulping line that will recover the carton fibers, and Tetra Pak along with Plastigram have invested a total of approximately Euro 12 million to build the new line. The line has the potential to triple the annual recycling capacity of beverage cartons in the country – from 25,000 to 75,000 tonnes – and provides scope to absorb the entire volume of beverage cartons sold in Poland, as well as additional volumes from neighbouring countries, including the Czech Republic, Hungary, Slovakia, Latvia, Estonia and Lithuania.
خواندن ادامه مطلب