Greif Inc. announced today that it will permanently close its Los Angeles paperboard mill in June 2025, marking the end of its coated recycled paperboard (CRB) production on the U.S. West Coast.
خواندن ادامه مطلبآرشیو برچسب های: paperboard
27
خرداد
خرداد
Sonoco has announced that it is implementing a $70 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada. The price increase will be effective with shipments beginning July 10, 2024
خواندن ادامه مطلب
25
آبان
آبان
Clearwater Paper Corporation, a premier supplier of quality tissue and bleached paperboard products, today reported that it temporarily suspended certain manufacturing operations at its Lewiston, Idaho facility. An incident impacting the regional natural gas system has resulted in the disruption of natural gas deliveries to the mill and the surrounding areas.
“We are focused on the safety of our employees and maintaining our assets while we wait for repairs on the gas pipeline to be completed,” said Arsen Kitch, president and chief executive officer. “We expect to resume the impacted operations in the coming days.”
خواندن ادامه مطلب
07
آبان
آبان
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.
اخبار خارجی
The environmental impact assessment procedure for Kaskinen paperboard mill project completed
09
مهر
مهر
The South Ostrobothnia Centre for Economic Development, Transport and the Environment issued its statement on the EIA report for the Kaskinen paperboard mill of Metsä Board, part of Metsä Group, on 22 September 2023. This concludes the mill project’s environmental impact assessment procedure.
The results of the impact assessment will be considered in the ongoing planning and decision-making process. The EIA process does not make decisions on the project but aims to provide information to support decision-making and to increase public access to information and influence.
Metsä Board started pre-engineering for the new paperboard mill in Kaskinen in autumn 2022. The pre-engineering is based on fossil free production and world-class resource, production and environmental efficiency. Metsä Board estimates that a possible investment decision can be made in 2024 at the earliest.
خواندن ادامه مطلباخبار خارجی
European Commission extends anti-dumping and countervailing duties on Chinese coated fine paper imports
20
شهریور
شهریور
The European Commission (EC) has extended two punitive duties on imports of certain coated fine paper (CFP) from China, following conclusions in expiry reviews made on August 21.
In the European Union (EU), Chinese exporters have been subject to anti-dumping duties of 8-35.1% and countervailing duties of 4-12% since May 2011.
The product in question is CFP paper coated on one or both sides, excluding kraft paper or paperboard, in either sheets or reels with a weight of 70 g/m² or more, but not exceeding 400 g/m², and brightness of more than ISO 84. The review did not include reels suitable for use in web-fed presses, multi-ply paper or multi-ply paperboard.
خواندن ادامه مطلب
22
مرداد
مرداد
Rayonier Advanced Materials Inc. (RYAM) reported a net loss of $۱۷ million, or $(۰.۲۶) per diluted share, for the quarter ended July 1, 2023, compared to a net loss of $۲۳ million, or $(۰.۳۶) per diluted share, for the prior year quarter. Loss from continuing operations for the quarter ended July 1, 2023 was $۱۶ million, or $(۰.۲۴) per diluted share, compared to a loss from continuing operations of $۲۵ million, or $(۰.۳۹) per diluted share, for the prior year quarter.
“Results for the Q2 reflected shifting market conditions across several key end markets. Despite facing volume pressure due to destocking in certain areas of our Cellulose Specialties and Paperboard businesses, we successfully increased prices by 13% and 4%, respectively, from the previous year, demonstrating our commitment to prioritizing value over volume. Moreover, we are experiencing downward pressure on commodity prices across all our segments, which intensified during the quarter. We are reacting by taking downtime at our High-Yield Pulp plant to reduce costs, minimize losses and monetize inventories. We are also reviewing strategic options with respect to our non-fluff High Purity Cellulose commodity businesses, specifically including viscose and paper pulp products,” said De Lyle W. Bloomquist, RYAM’s President and CEO.
19
مرداد
مرداد
Graphic Packaging Holding Company has entered into a definitive agreement to acquire Bell Incorporated, a well-capitalized U.S. packaging provider. The proposed acquisition is expected to add approximately $200 million in sales, $30 million in Adjusted EBITDA and will support strategic priorities of increasing integration rates and expanding customers and categories. Annual synergies of approximately $10 million are expected within 24 months of closing. The transaction includes three well-capitalized packaging facilities in the Midwest that consume 95,000 tons of paperboard annually.
The transaction is expected to close in the Q4 2023, subject to regulatory approvals and other customary closing conditions.
خواندن ادامه مطلب
16
مرداد
مرداد
For the second quarter of 2023, Clearwater Paper reported net sales of $525 million compared to net sales of $526 million for the second quarter of 2022. Net income for the second quarter of 2023 was $30 million, or $1.75 per diluted share, compared to net income for the second quarter of 2022 of $15 million, or $0.86 per diluted share.
On a non-GAAP basis, Clearwater Paper reported adjusted net income in the second quarter of 2023 of $30 million, or $1.74 per diluted share, compared to second quarter 2022 adjusted net income of $19 million, or $1.11 per diluted share. Adjusted EBITDA for the second quarter of 2023 was $71 million, compared to the second quarter of 2022 Adjusted EBITDA of $63 million.
خواندن ادامه مطلب
20
تیر
تیر
Paper One Show, the premier international paper exhibition since 2007, is dedicated to all kinds of paper and paper manufacturing, paper jumbo rolls, finished products, printing, writing, tissue, and hygienic paper, converters, cartons, paperboard, and more.
خواندن ادامه مطلب
23
اردیبهشت
اردیبهشت
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.
خواندن ادامه مطلب