The Supervisory Board of Mayr-Melnhof Karton AG has unanimously reappointed Peter Oswald as Chairman of the Management Board and CEO.
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DS Smith confirms takover proposal by International Paper, continues discussions with Mondi
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In addition to Mondi, International Paper is also showing interest in acquiring the British recycling, paper, and corrugated packaging group DS Smith.
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Sappi Europe has restarted price negotiations for fine papers, the company announced.
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Metsä Group has interrupted pulp and containerboard production at the Kemi industrial complex in Finland after a gas explosion in the evaporation plant at Metsä Fibre’s Kemi pulp mill on 21 March.
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Following the start-up of a Toscotec’s TADVISION® tissue machine, Hengan International Group has launched on the Chinese market premium quality structured tissue with excellent bulk, softness and absorbency properties. Installed at their Xiaogan mill, the new line is the first of two TAD machines that Hengan ordered from Toscotec to launch pioneering tissue products in the demanding Chinese market.
Hengan’s second TAD machine will be installed at their headquarters production base in Fujian province, and it is scheduled for start-up in 2024.
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According to Sappi, prices for Coated and Uncoated Fine papers were increased during January and February but not to the levels necessary to maintain a viable business. Cost levels, particularly for pulp and transport have continued to increase heavily and are expected to escalate further in the coming months.
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Due to the continued strikes at Finnish ports, Mayr-Melnhof’s Koktamills site will temporarily cease production.
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The sentiment on the Italian recovered paper market is positive. Although the general private consumption situation has not improved, the outlook is brightening and prices of some grades are trending higher.
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Metsä Group has interrupted pulp and containerboard production at the Kemi industrial complex in Finland after a gas explosion in the evaporation plant at Metsä Fibre’s Kemi pulp mill on 21 March.
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Stora Enso has confirmed that the company started fully ramping down its Imatra and Oulu mills on Sunday due to ongoing political strikes that are hitting ports and transportation in Finland.
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The sentiment on the Italian recovered paper market is positive. Although the general private consumption situation has not improved, the outlook is brightening and prices of some grades are trending higher.
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New deal U.S. business Eastwood Forests has closed the acquisition of about 20,580 acres (83.3 km2) of forestland in Virginia and West Virginia, adding to the Climate Smart Forestry Fund portfolio.
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Mondi has completed the acquisition of Hinton Pulp mill in Alberta, Canada, from West Fraser Timber Co. Ltd (West Fraser) for a total consideration of USD 5 million.
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The temporary shutdowns will effect deliveries to customers and are expected to have a significant financial impact, Metsä Group says.
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Member state ambassadors to the EU endorsed the inter-institutional compromise on the new Packaging and Packaging Waste Regulation (PPWR) at a meeting of the permanent representatives (Coreper) on Friday.
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Reno de Medici (RDM) will exit cartonboard production in France.
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Price negotiations for brown recycled corrugated case material on the German market entered into the final stretch at the end of February.
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Temporary closures amid ongoing strikes in the transport and logistic sector are also planned at UPM and Stora Enso mills, reports Finnish public broadcaster Yle.
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Nordic Paper explores potential sale of the company in response to Shanying’s divestment plans
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Swedish kraft and greaseproof paper producer Nordic paper announced that it would initiate a process to “explore potential interest from third parties for all shares in the company” after major shareholder Shanying International had announced that it intends to sell all or part of its stake in Nordic Paper.
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Hamburger Containerboard has announced plans for a price hike for white containerboard grades.
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