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Arctic Paper expects lower Q2 result

منتشرشده در by Maxwell
18
مرداد

Arctic Paper S.A. expects an EBITDA result for the Q2 2023 in the range of PLN 60-70 million ($14.7- 17.2 million), which is lower than current market estimates. The lower result is due to a significantly lower revenue of PLN 836 million ($205 million); this in turn is due to the general economic slowdown and customers destocking. Arctic Paper focuses on margins and has adapted production with a high degree of cost efficiency to meet the weaker market.

“The volatility of the pulp and paper markets serves as a reminder of the importance of our long-term strategic plan to diversify into energy and packaging, while maintaining our strong positions in the pulp and paper markets. We are working intensively to develop future growth opportunities in line with the 4P strategy”, says Michal Jarczyński, CEO of Arctic Paper S.A.

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Mondi expands ISTA-approved testing services to all its eCommerce packaging solutions

منتشرشده در by Maxwell
17
مرداد

Mondi, a global leader in sustainable packaging and paper, is pleased to announce the expansion of its International Safe Transit Association (ISTA) and Amazon Packaging Support and Supplier Network (APASS) certified Performance Lab services to cater to the growing demands of eCommerce customers. Mondi’s Performance Lab can now also test converted solutions such as MailerBAGs and corrugated boxes. Located in České Budějovice, Czechia, the Mondi Performance Lab complements its eCommerce service offering for high-performance eCommerce packaging, from base material to converted solutions. The laboratory’s state-of-the-art equipment simulates the typical impact of packed goods in each supply chain step.

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WestRock Announces Plans to Close Pulp and Paper Mill in Tacoma, Washington

منتشرشده در by Maxwell
17
مرداد

WestRock today announced it will permanently cease operating its paper mill in Tacoma, Washington, and will conclude production by September 30, 2023.

WestRock is committed to improving its return on invested capital as well as maximizing the performance of its assets. The combination of high operating costs and the need for significant capital investment were the determining factors in the decision to cease operations at the mill.

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Total U.S. Boxboard Production Decreased Eleven Percent in Q2 2023

منتشرشده در by Maxwell
17
مرداد

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.

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Mativ announces proposed sale of engineered papers business for $620 million

منتشرشده در by Maxwell
16
مرداد

Mativ Holdings recently announced that it has received a binding offer from Evergreen Hill Enterprise, Pte. Ltd., to acquire Mativ’s Engineered Papers business (“EP”), part of Mativ’s Fiber Based Solutions reporting segment, for $620 million. Subject to customary closing date adjustments, Mativ expects to receive net proceeds (net of taxes and other items) of approximately $575 million in the proposed transaction, which would be primarily used for debt paydown.

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Ilim Group appoints Alexey Chernyaev as Acting CEO

منتشرشده در by Maxwell
14
مرداد

The Board of Directors of JSC Ilim Group appointed Alexey Chernyaev as acting CEO.

Alexey Chernyaev began his career with the Company in 2016. He has over 15 years of work experience in managerial positions in purchasing, production, supply chain and capital project management in industrial companies with world-class manufacturing standards and safety culture in Russia and abroad.

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Hood Container acquires Sustainable Printing LLC

منتشرشده در by Maxwell
14
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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Whakatane Paper Mill’s investment to boost folding boxboard production

منتشرشده در by Maxwell
12
مرداد

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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International Paper reports Q2 net earnings of $235 million

منتشرشده در by Maxwell
12
مرداد

International Paper (IP) reported Q2 2023 financial results. Net earnings were $۲۳۵ million ($۰.۶۸ per diluted share), Adjusted operating earnings were $۲۰۴ million ($۰.۵۹ per diluted share).

“In the Q2, the operations of International Paper continued to run well and we managed our businesses effectively in a challenging demand environment,” said Mark Sutton, Chairman and CEO. “We continued to advance our Building a Better IP initiatives, including our commercial improvement and cost management opportunities. The benefits of that work and our strong financial foundation position International Paper well as we navigate the current economic environment.”

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ProJet to supply two cleaners for BioPappel’s Veracruz mill in Mexico

منتشرشده در by Maxwell
11
مرداد

ProJet received an order for 2 ProCleaner forming fabric cleaners from BioPappel, Mexico, for  Paper Machine # 1 at Veracruz mill. The order was received in July 2023 and the value of the order will not be disclosed. Delivery will be in 4Q of 2023.

The order is already the 6th from BioPappel, who are gradually equipping all their paper machines at all production sites with ProJet cleaners. There is already a total 16 ProJet cleaners running at other BioPappel mill sites, such as Durango, Tuxtepec and Tizayuca.

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The Paper Excellence Group Announces Renewed Business Unit Structure

منتشرشده در by Maxwell
08
مرداد

 

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 2Q net sales down to $2 billion

منتشرشده در by Maxwell
08
مرداد

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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Canadian manufacturing sales down 2.1% in June

منتشرشده در by Maxwell
07
مرداد

Advance results indicate that total manufacturing sales in Canada decreased ۲.۱% in June 2023. The largest declines were in the petroleum and coal product, chemical, and food product industries, as Statistics Canada reports.

canadian lumber production and export also suffered from same effects as we have mentioned in the previous report.

This estimate was calculated based on a weighted response rate of ۶۶.۹%. The average final response rate for the survey over the previous ۱۲ months has been ۹۴.۵%.

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DS Smith to Invest EUR 33.9 Million to Upgrade Packaging Facilities in Greece

منتشرشده در by Maxwell
07
مرداد

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.

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A.Celli to rebuild Hiang Seng Fibre Container’s PM5 at Bangkok mill in Thailand

منتشرشده در by Maxwell
07
مرداد

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.

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UPM to Close Its Publication Paper Mill in Plattling, Germany

منتشرشده در by Maxwell
06
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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Canadian lumber production down 6.1% in April

منتشرشده در by Maxwell
06
مرداد

Lumber production in Canada decreased ۱۴.۹% from March to ۴ ۰۷۴.۰ thousand m3 in April. Production was down ۶.۱% from April ۲۰۲۲, reports Statistics Canada.

Sawmills shipped ۳ ۹۳۵.۰ thousand m3 of lumber in April, down ۸.۲% from March and down ۷.۹% from April ۲۰۲۲.

According to Analytics, in April 2023, Canada decreased exports of lumber to the United States by 4.4% year-on-year. Supplies to China increased by 54.9%, supplies to Japan decreased by 39%. The average price of lumber was set at $200.7 per m3.

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Huhtamaki invests $30 million in Paris, Texas, factory expansion

منتشرشده در by Maxwell
04
مرداد

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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COBAP completes PM1 modernization at mill in Brazil

منتشرشده در by Maxwell
04
مرداد

Brazil’s COBAP completed the modernization process of its PM#1. Hergen has supplied a set of equipment for the modernization of the press section and the installation of a new drive concept for the drying section. The upgrade project provided by Hergen focused on increasing production capacity by increasing the dry content arriving to the drying section, enabling the machine to operate at 600 m/min in the future.

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Infinya Containerboard to invest in complete OCC line with reject treatment system at Hadera mill in Israel

منتشرشده در by Maxwell
04
مرداد

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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