The American Forest & Paper Association (AF&PA) released its Q2 2023 Boxboard report. According to the report, total boxboard production in Q2 decreased 11% compared to Q2 2022. The boxboard operating rate was 86.6%, down 7.6 points from Q2 2022.
خواندن ادامه مطلبآرشیو برچسب های: paper
مرداد
Hood Container Corporation has acquired the corrugated packaging business of Dalton, Georgia based Sustainable Printing LLC. The transaction includes all printing, converting, and ancillary equipment located in Dalton. Hood will continue operating these assets in the current facility.
These assets complement Hood Container’s Southeastern footprint creating greater corrugated capacity and enhanced production capabilities in the Georgia and Tennessee region. This acquisition increases Hood Container’s digital print production footprint and will allow the company to continue expanding its corrugated converting capabilities.
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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.
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Industrial Physics announced the appointment of Barry Lyon to Chief Executive Officer, and Lance Reisman to the role of Chairman of the Board. Lyon succeeds Jim Neville, who has led the company since 2016. The announcement follows news that the company’s acquisition by investment funds managed by KKR from Union Park Capital was completed on July 19, 2023.
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Ahlstrom has found a potential buyer for the Stenay specialty paper mill in France. Germany’s private-equity company Accursia Capital already submitted a binding offer.
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Portuguese fine and tissue paper company The Navigator Company is building a moulded fibre packaging plant at the company’s Cacia pulp mill complex in Aveiro. The investment is part of Navigator’s packaging business strategy.
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The Paper Excellence Group (Paper Excellence) today announced its updated organizational structure for its business units following the recent acquisitions of Resolute Forest Products in March 2023 and Domtar in November 2021.
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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).
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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.
مرداد
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.
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Deublin Company, a leading provider of steam joints and siphons for the paper industry is pleased to announce that Gardner Systems is now a key part of Deublin. This broadens Deublin’s capabilities in the design, supply, and installation of steam and condensate systems for paper machine dryer sections.
Gardner Systems was founded in 1967 and is headquartered in Appleton, Wisconsin. The company has a team of experienced engineers and technicians who design and install steam and condensate systems that meet the specific needs of paper mills.
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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.
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Infinya Containerboard to invest in complete OCC line with reject treatment system at Hadera mill in Israel
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International technology group Andritz has received an order from Infinya Containerboard Ltd. for a complete OCC line including reject treatment system for its recycled paper mill located in Hadera, Israel.
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he American Forest & Paper Association (AF&PA) released the June 2023 Printing-Writing Monthly report. According to the report, total printing-writing paper shipments decreased 24% in June compared to June 2022.
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Crews estimated Wednesday they would continue to battle Tuesday night’s large commercial fire at the Industrial Way paper mill complex throughout the day in Longview, Washington.
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On 28-30 August 2023 the corrugated community will get together in Cleveland, Ohio to discuss the latest industry trends and exchange ideas and experiences.
It goes without saying that T.CON will be there when the doors of the Exhibit Hall at Huntington Convention Center of Cleveland are opened and CorrExpo officially starts. Hosted by TAPPI, a forward-thinking American association with thousands of members worldwide, the event is a true go-to for everyone active in the corrugated industry.
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Canada’s Canfor Pulp Products suspended production at the Northwood Pulp mill in Prince George for several days starting 13 July.
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The acquisition of Fiskeby establishes RDM as the largest independent recycled board producer in Europe.
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Mexican tissue paper manufacturer Grupo Corporativo Papelera (GCP) is purchasing 32 acres in the East Montgomery Industrial Park in New Caney, Texas, the Houston Business Journal reported.
The estimated $400 million facility will serve as the site for the company’s new manufacturing and conversion facility, marking an expansion of its operations in the United States, the news outlet reported.
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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.
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