Clearwater Paper Corporation recently announced that the Science Based Target initiative (SBTi) has validated the company’s climate targets. These targets include reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 29.1 percent and absolute Scope 3 GHG emissions by 25 percent by 2030. The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. SBTi is focused on accelerating companies worldwide to halve emissions before 2030 and achieve net-zero emissions before 2050.
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Stora Enso has launched a combined Green and Sustainability-Linked Financing Framework to further integrate sustainability into its funding and financing activities.
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Cascades Inc. has reported its unaudited financial results for the three-month period ended March 31, 2023.
Q1 2023 Highlights:
Sales of $1,134 million (compared with $1,135 million in Q4 2022 and $1,038 million in Q1 2022)
Operating loss of $(80) million (compared with $(20) million in Q4 2022 and $(4) million in Q1 2022)
Mario Plourde, President and CEO, commented: “We had a solid first quarter.
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Paper Arabia, the very first comprehensive exhibition for paper industry in the Middle East and North Africa (MENA) region is making a strong come back this May 2023, in the backdrop of the growth context and robust prospects for the industry across the globe, and particularly the region.
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Mondi announced an upgrade program for its Dynäs pulp and paper mill in Sweden, which will increase efficiency and further improve the overall environmental performance of the mill.
The Dynäs mill produces high-quality sack and specialty kraft papers, used for a variety of paper-based packaging solutions for industrial and consumer industries, and is an important part of Mondi’s Flexible Packaging business.
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Supremex on May 8 announced the acquisition of the assets of Graf-Pak Inc., a provider of folding carton packaging solutions to a variety of commercial markets. The transaction was concluded for a total consideration of approximately $6.0 million, on a cash-free and debt-free basis, subject to customary adjustments, financed through the company’s existing credit facility.
Founded in 1995 and employing close to 25 people, Graf-Pak operates a facility located in Pointe-Claire, Quebec, near Supremex’s primary folding carton plant in Lachine.
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Billerud has resumed operations at its pulp and paper mill in Escanaba, Michigan, after a rare fungal disease outbreak that began in March forced the company to temporarily idle operations at the site.
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There continues to be price pressure on the German cartonboard market in May. Producers of both board and folding cartons say that current demand and order intake in Germany are nowhere near satisfactory.
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Mondi’s project to install a new sack kraft paper machine at the Štĕtí mill in the Czech Republic is taking shape. Bellmer was now placed an order for the delivery of the PM….
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Sappi North America, Inc., a leading producer and supplier of diversified paper, packaging products and dissolving wood pulp, has announced it will showcase seven new and recently launched textures from its Arrio finished surface and Ultracast decorative laminate release paper lines during interzum 2023 in Cologne, Germany from May 9-12, 2023.
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James Cropper, a global market leader in advanced materials, luxury packaging and paper products, announces a strategy to accelerate growth across the Group.
Since the appointment of Steve Adams as Chief Executive Officer in August 2022, the Company has made significant progress in repositioning James Cropper to capitalise on growth opportunities within its core and emerging end-markets. The fast-growing renewable energy and decarbonisation markets are creating an ever-greater need for novel and high-performance materials, while sustainable fibers, and low, or zero-carbon processing are driving growth within paper and packaging.
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Kemira announces closing of the divestment of most of its colorants business to ChromaScape
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Kemira announces the closing of the divestment of most of its colorants business to ChromaScape on May 4, 2023.
Kemira signed a definitive agreement to sell its colorants dye business to US-based ChromaScape, LLC in September 2022. The revenue of the business in 2022 was approximately 50 MEUR and 59 employees will be transferred to ChromaScape as part of the transaction.
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Mondi, a global leader in sustainable packaging and paper, has created Protector Bag ExpandForm, a paperbag solution with an expandable feature to safely rollpack mattresses.
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Sylvamo has announced senior leadership changes effective July 1.
Greg Gibson, senior vice president and general manager, North America, will be elected senior vice president, Commercial Excellence, until his retirement March 31, 2024. Gibson joined the industry in 1982 and has served in various sales, marketing, general management and senior leadership roles in North America and Europe.
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Q1 2023 reported operating loss of $25 million; net loss of $19 million, or $0.29 per share
Global pulp market fundamentals softened late in the quarter amid uncertainty associated with rising pulp producer inventory levels
Improved pulp production despite ongoing fibre challenges and wind down of pulp line at Prince George Pulp and Paper mill
Subsequent to quarter-end, expanded and extended its operating loan facility and term debt
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Metsä Board, part of Metsä Group, inaugurated its renewed pulp mill in Husum, Sweden, on 3 May. Invited to the inauguration ceremony were, among others, project partners and representatives of Örnsköldsvik municipality.
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René Hansen will leave his position as Executive Vice President, Brand and Communications on 4 May 2023 to pursue new career opportunities outside the company.
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Innovative technology is transforming the packaging industry, as Immertia, a tech start-up, introduces an AI-powered concept that turns ordinary product packaging into an interactive experience for consumers.
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Tiger Group online auction features 2,120 kraft linerboard paper rolls formerly owned by a global broker and distributor of pulp and paper products.
“It is rare for this much high-quality kraft linerboard — about 3,700 metric tons in all — to become available on the secondary market,” said Chad Farrell, a Houston-based Tiger Group Managing Director. “That makes this court-ordered bankruptcy sale an excellent opportunity for packaging-industry brokers, distributors and manufacturers both domestically and internationally.”
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Metsä Fibre’s Kemi bioproduct mill project has identified irregularities in the operations of the contractor Hutni Montaze a.s. related to the payment of wages to the company’s personnel during the project. Metsä Fibre has therefore terminated the cooperation agreement with Hutni Montaze.
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