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آرشیو برچسب های: business

Iberpapel Gestión reports a net profit of €۳۴.۹۶ million

Iberpapel reported operating profit of €۱۳.۷۷ million in the first nine months of the year, compared to €۶.۲ million in the same period of 2022. Having successfully defended its sales prices and margins, the company managed to eke out growth of 122% in a complicated environment marked by slowing demand in Europe and growing imports (especially from Asia), driving a drop in sales volumes and lower capacity utilisation.

Adding in the gain on the sale of forest land in Uruguay, total reported net profit rises to €۳۴.۹۶ million, year-on-year growth of 463.4%.

In 2023, the company expects to invest over €۲۲.۵ million 2023 in Papelera Guipuzcoana de Zicuñaga. As part of that work, the replacement of the lime kiln at the Hernani plant is slated for completion in October and will translate into cost savings, while considerably improving the facility’s environmental performance.

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Spain’s paper and paperboard imports decline slightly to $1.1M in July 2023

In July 2023, after two months of growth, there was significant decline in purchases abroad of paper and paperboard (creped, crinkled, embossed or perforated), when their volume decreased by -15.6% to 380 tons. In general, total imports indicated a pronounced increase from July 2022 to July 2023: its volume increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Based on July 2023 figures, imports increased by +35.8% against April 2023 indices. The most prominent rate of growth was recorded in January 2023 with an increase of 142% month-to-month. In value terms, paper and paperboard imports contracted to $1.1M (IndexBox estimates) in July 2023. Over the period under review, total imports indicated tangible growth from July 2022 to July 2023: its value increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, imports increased by +21.8% against April 2023 indices. The pace of growth appeared the most rapid in August 2022 when imports increased by 79% m-o-m. As a result, imports attained the peak of $1.5M. From September 2022 to July 2023, the growth of imports failed to regain momentum.

 

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Suzano invests R$490 million to expand fluff pulp capacity

Suzano, the world’s largest market pulp producer, announces it will invest R$490 million (approximately US$100 million) in a new fluff pulp line.

The new capacity will enable Suzano to meet rising global demand and improve sustainability standards for absorbent, personal hygiene products, including baby and adult diapers, feminine hygiene, and pet pads.

This investment will support the conversion of a BHKP pulp line at Limeira mill into a flex machine to produce Suzano’s Eucafluff® or BHKP. Suzano’s annual installed capacity of fluff pulp production will increase from 100,000 to 440,000 ton, with production expected to begin by Q4 2025.

 

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AF&PA Releases Q3 2023 containerboard quarterly report

The American Forest & Paper Association (AF&PA) released its Q3 2023 Containerboard Quarterly report. According to the report, total Containerboard production in the third quarter of 2023 decreased 1% when compared to Q3 2022 and was down 8% compared to the same 9 months last year. Highlights include:

  • Operating rates for all major grades decreased compared to Q2 2023 while total production was up 4.2%; Q3 has one more production day than Q2.
  • Total production for export was up 16.2% from Q2 2023 and also up 16.3% from Q3 2022, though it was 10.7% lower year-to-date.
  • New supply of containerboard (domestic production plus imports) increased for the third consecutive quarter but was still down 7.1% year-to-date.
  • Mill inventories ended the quarter at 370,500 short tons, 11.6% lower than at the end of Q3 2022.
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De Iuliis successfully started dryer section revamping for Favini Group

Favini Group successfully started up its PM of  Rossano Veneto after the complete rebuilt of its pre-dryer section by De Iuliis.

DJM has completed the full upgrade of the pre-drying section of this paper machine by the substitution of  ۱۲ cast iron dryers with new DJM steel Dryers designed for an operating steam pressure of 10 barg.

The custom sized DJM steel dryers, complete with new bearings housing, with  an easy replacement of the old cylinders maintaining the same overall dimensions of the existing one, but allowing an enlargement of the drying width. The new dryers will help the mill to reduce Co2 emission and energy consumption.

The project also included the optimization of felts loops with the supply of last generation DJM automatic stretchers and regulators, as the upgrade of the mechanical drive of dryer section.

Favini is worldwide leader in the design and production of textures and finishing solutions for eco-leather for fashion, luxury, design, IT and technical sportswear sectors.

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Lecta: efficient, responsible water management as a priority

Water is essential in the pulp and paper industry, which is why Lecta prioritizes the efficient use of this valuable natural resource. Lecta’s mills have a high  rate of water recycling, and the amount discharged is almost equal to the intake.

Even though outlet water is within regulated legal limits, Lecta continues to work on improving water quality to reduce environment footprint even further and  constantly monitor waste disposal. In addition, in the mills there are also closed water systems, in which water is reused repeatedly.

products such as its range of environment-friendly, recyclable functional papers.

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Toscotec to supply drying section upgrade to Panda Paper Mills in Israel

Panda Paper Mills (1997), a subsidiary of Israeli leading manufacturer Sano Enterprises, has selected Toscotec for the supply of a complete drying section rebuild of PM1 at their Netanya production facility in Israel. PM1 produces high quality tissue from recycled fibres for the Away from Home market. The upgrade aims to substantially increase the machine’s drying capacity and is planned for the second half of 2024.

Toscotec will supply a TT SYD Steel Yankee Dryer of latest generation, the entire steam and condensate removal system and high-efficiency TT Hoods. The service package includes the engineering, erection supervision, training, commissioning and start-up assistance. The new dryer section is set to slash PM1’s energy consumptions and increase production efficiency.

 

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Asia Symbol brings in ABB to provide manufacturing execution system at three tissue mills in China

As Asia Symbol Group, one of the biggest wood pulp producers in China, expands its pulp and paper business into tissue manufacturing, it has selected long-term strategic partner ABB to deliver the ABB Ability™ Manufacturing Execution System (MES) and system integration at three of its tissue mills in China.

This latest contract for mills in Guangdong, Shandong and Jiangxi affirms the strong, long-standing relationship between ABB and Asia Symbol, part of the global RGE Group (Royal Golden Eagle).

In recent years, this has seen the provision of paper machine drives and quality control system (QCS) products, and the successful extension of ABB’s MES service to Asia Symbol’s three fine paper production lines in Guangdong.

 

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International Paper reports Q3 2023 results

International Paper recently reported third quarter 2023 financial results.

Q3 2023 highlights include:

 

  • Net earnings of $165 million ($0.47 per diluted share); Adjusted operating earnings (non-GAAP) of $224 million ($0.64 per diluted share)
  • $۷۵ million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $195 million, exceeding full-year targets
  • Cash provided by operations of $468 million, bringing year-to-date to $1.3 billion
  • Returned $160 million to shareholders in dividends, bringing year-to-date to $679 million in share repurchases and dividends
  • Completed the sale of our Ilim Joint Venture interest for $508 million

 

“Our third quarter results came in as expected, and we are encouraged by continuing demand recovery across our portfolio,” said Mark Sutton, Chairman and Chief Executive Officer. “We exceeded our full-year target for Building a Better IP through commercial and process improvement initiatives. Our operations continue to perform reliably with a focus on controlling costs. However, in this challenging macro environment, we are not satisfied with our absolute results. We are taking actions to structurally reduce fixed costs in our mill system, while optimizing our supply chain and investing in our box capabilities to grow with customers.”

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Suzano to Invest R$1.66 billion in new tissue paper mill

Suzano, the world’s largest producer of market pulp, announces on October 26th a series of projects aimed at expanding its installed production capacity and which will enhance its operational efficiency. It will invest R$650 million in the construction of a tissue paper mill in Espírito Santo, where it will also invest R$520 million to replace a biomass boiler. The company will also invest R$490 million to expand the supply of fluff pulp in São Paulo.

The total investment of R$1.66 billion, announced during the disclosure of the 3Q23 results, is aligned with Suzano’s strategic business avenues and underscores its commitment to constantly adapt its operations to evolving demand in Brazil and the global markets.

 

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Essity reuses more than half of France’s recycled food and beverage packaging

The hygiene and health company Essity has inaugurated the world’s first production line for professional hygiene tissue products where the raw material consists of used food and milk packaging. The facility recycles 25,000 tons per year, equivalent to 60% of all collected, sorted and recycled food and beverage cartons in France.

Since 2008, Essity’s plant in Hondouville has been the leader in recycling paper fiber from food and beverage packaging in France. The latest expansion has increased the recycling capacity by 40%. In addition to increased recycling capacity, the process also enables the recycling of almost all the materials in the packaging, including plastic and aluminum. Essity uses the fiber raw material to manufacture tissue products under the Tork brand.

Essity is constantly developing new methods to reuse materials and optimize resources, with the aim of achieving net zero emissions by 2050. The company has similar recycling initiatives in Germany, the Netherlands and most recently in Ecuador, where Essity is collaborating with McDonald’s and the company ReciVeci to recycle paper cups from fast-food restaurants.

“A truly circular society can only be achieved if there is integrated collaboration between all members of the value chain, and our production plant in Hondouville is a role model in end to-end circular economy. The production facility provides cost-efficient and sustainable production while we take important steps toward a world with zero landfill,” says Donato Giorgio, President, Global Supply Chain at Essity.

France is Essity’s second largest market in Europe with approximately 2,300 employees and annual sales of SEK 11.7bn. Essity manufactures and sells hygiene and health products under leading brands, such as Actimove, Cutimed, Delta-Cast, Demak’Up, JOBST, Leukoplast, Lotus, Nana, Okay, TENA and Tork.

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Höganäs Borgestad to build a new and advancedrefractory production plant in Bjuv

Höganäs Borgestad AB has today announced the decision to  build a new and advanced refractory plant that allows for more sustainable production, while freeing up space for the municipality of Bjuv to develop its city center. The new plant is expected  to commence production in three to five years. Höganäs Borgestad will continue to offer the company’s wide range of products and competitive offering, throughout and after the construction process.

“We are thrilled to announce the next chaper of our 150 year journey as a leading provider of high[۱]value refractory solutions. By building a more advanced and efficient production plant, we willfutureproof Höganäs Borgestad as a leading industrial partner for our customers and an attractive employer. This new plant will enable more sustainable production and allow for product development of future-oriented solutions,” says Frode Martinussen, CEO at Höganäs BorgestadHolding.

 

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Metsä Board commences change negotiations on possible temporary layoffs in Finland

Metsa Board, part of Metsa Group, will initiate change negotiations on possible temporary layoffs for its paperboard and BCTMP mills in Finland. The negotiations involve a total of approximately 1,100 employees at the Joutseno, Kaskinen, Kemi, Kyro, Tampere, Simpele and Äänekoski mills.

The possible layoffs would last a maximum of 90 days and could be implemented in several instalments during 2024.

The change negotiations will start in week 45 and are estimated to last two weeks. With the change negotiations, Metsä Board is preparing for a possible continuation of the adjustment of production to match the low delivery volumes, if the demand situation for paperboards does not improve in 2024. The allocation and amount of layoffs will be specified during 2024.

Metsä Board has announced on similar layoffs on May 17, 2023, which may continue until the end of 2023. The possible layoffs announced now would be scheduled for 2024, and will therefore have no impact on Metsä Board’s operating result for January–September 2023 and January–December 2023.

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Massimo Reynaudo appointed new President and CEO of UPM-Kymmene

Massimo Reynaudo has been appointed President and CEO of UPM-Kymmene Corporation as of 1 January 2024. Jussi Pesonen will continue as the President and CEO until 31 December 2023, after which he will work as an advisor to the Company and its management until he will retire from UPM on 30 April, 2024.

Massimo Reynaudo has been with UPM since 2017. Reynaudo is an Italian citizen and was born in 1969. He is currently Executive Vice President, UPM Communication Papers. Prior to that, he served as Senior Vice President of UPM Raflatac from 2017 to 2021. Earlier in his career, between 1995 and 2017, he held several senior positions at Kimberly-Clark Corporation. He has a master’s degree in engineering from Politecnico di Torino and additional studies in business administration and management.

“Massimo has an excellent international background and a very solid track record at UPM as an engaging change leader. Both in UPM Raflatac and in UPM Communication Papers, he has driven positive change of the businesses, renewed the commercial strategy and built high-performing teams to improve the performance of each business. He has a clear vision of how to continue value creation through UPM’s Biofore strategy. I wish Massimo the best of success in his new demanding role,“ says Henrik Ehrnrooth, Chair of the Board of UPM.

 

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One Equity Partners to sell Walki to Japan’s Oji Group

One Equity Partners announced that it has entered into a definitive agreement to sell Walki Holding Oy, a pan-European supplier of sustainable and high-performing packaging and engineered materials solutions, to Oji Holdings Corporation, a Japanese paper products technology company.

 

Founded in 1930 and headquartered in Espoo, Finland, Walki is a specialty packaging materials manufacturer, offering consumer and industrial packaging for food and specialty consumer products, as well as engineered materials, such as insulation and fire-retardant facings, sustainable membranes, and protective clothing applications. The Company has 17 production facilities worldwide and employs more than 1,700 people. OEP’s acquisition of Walki closed in July 2018.

 

 

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Carton Group to take over British luxury packaging supplier Wrapology

German Carton Group will take over British luxury packaging supplier Wrapology.

The family-led business will become a direct subsidiary of Carton Group. Financial details of the transaction have not been disclosed.

Wrapology is a pioneer in customized, sustainable and outstanding luxury packaging. Known for its keen sense for brands, the company is characterized by exceptional packaging design and the use of high-quality material. Wrapology has a distinctive customer portfolio including high-profile, international and emerging brands.

Wrapology is based in London and has subsidiaries in Hong Kong and Shenzhen.

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Paper Excellence Canada extends curtailment of paper operations at Catalyst Crofton mill

While market conditions continue to support the restart of our pulp operations and employment of more than 300 workers, the curtailment of paper operations at Crofton is being extended to the end of November.

The continued curtailment means that approximately 70 paper operations employees will not return to work in November. Paper Excellence Canada continues to work with our employees to mitigate the impact of the ongoing paper production curtailment.

The sales team continues to work with customers to provide alternative products from Catalyst Alberni mill or other mills within the Paper Excellence Group family of companies where possible.

Paper Excellence Canada, headquartered in British Columbia, is a diversified manufacturer of pulp and specialty, printing, writing, and packaging papers in Canada with a production capacity of over 2.5 million tonnes annually and a workforce of more than 2,100. Paper Excellence is pleased to work in partnership with communities where we operate as a major employer of choice and market leader.

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UPM to close its Plattling paper mill

UPM Communication Papers announces plans to permanently close its Plattling mill in Germany, reducing the uncoated and coated publication paper capacity by 595,000 tonnes in Europe. 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.

Should the plans be implemented the number of UPM employees affected in Plattling is estimated at 401. In addition, we expect implications for the service providers on site. The participation process with the workers council will start immediately in line with local legislation.

 

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Zain Paper Industry to implement a new tissue production park supplied by Overmade

Overmade has been committed by Zain Paper Industry, an important player in the Middle East, to realize the new tissue production park in DOHA QATAR. The first phase of the project encompassed the installation of two complete tissue plants for the production of high-quality facial tissue.

Zain Paper Industry has commissioned the complete lines to OVERMADE on the basis of a turn-key supply: from Virgin pulper to Approach flow system, from Hydraulic Headbox to Reel, from Winding system to Wrapping line, including all auxiliaries such as Vacuum line, Steam system, High efficiency hood, Mist and Dust removal system. The DCS (Distributed Control System), the QCS (Quality Control System), the Sectional Electrical Drives and the Electrification of the entire tissue mill are also part of the scope of supply.

 

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Metsä Group is looking into the construction of the first mill producing Muoto packaging in Rauma

Metsä Group is conducting a pre-study related to the construction of a first commercial mill for producing Muoto™ packaging products on its Rauma mill site, Finland. The goal is to determine the mill’s technical feasibility and economic profitability.

 

It is envisioned that the mill will produce Muoto fibre-based packaging tailored to various uses in people’s daily lives. Muoto is a wood-based alternative to plastics and aluminium in food packaging, for example. In addition to being easy to mould in different shapes, Muoto is lightweight, strong and recyclable.

 

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