Essity has completed the divestment of its entire holding of 51.59% of shares in the Asian hygiene company Vinda International Holdings Limited for HKD 23.50 per share. The sales proceeds amounted to HKD 14.6 billion (approximately $1.8 billion).
Tissue Paper
Effective May 1, 2024, Silvernail will succeed Mark Sutton, who previously announced the final phase of the CEO succession process.
The line will have an annual production capacity of 70,000 tons. The start-up is scheduled for the second half of 2025.
The proposed mill would be the largest of its kind in the UK and create 400+ jobs at the facility, as well as thousands more across the supply chain and the local economy.
UPM's businesses and the Paper Workers’ Union have been negotiating for the last two years of the contract period. The business environment has changed significantly since the agreements were signed in 2022, said UPM.
The additional equipment will increase the production of facial tissue by 25%.
The project includes modifications to the machine for the new steam system and it is planned for start-up in the Q3 2024.
Metsä Group’s tissue and greaseproof paper business is investing in three new state-of-the-art converting lines for folded and rolled tissue paper to its mill in Mariestad, Sweden.
The company aims to develop the mill’s production and environmental efficiency by investing in paper machine and converting line modernizations as well as improving the energy and water efficiency.
This new order involves an upgrade of the existing hybrid system configuration. In order to increase PM1’s drying capacity, Toscotec will install a TT Hood-Duo system with two separate circuits of heated air, one to the wet end hood and the other to the dry end.
In January, the unemployment rate was 3.7% for the third month in a row, and the number of unemployed people was little changed at 6.1 million.
The new tissue machine, with a width of 3.65 m and a maximum operation speed of 1,650 m/min, produces high quality household grades, including toilet paper, napkins, handkerchiefs, and facial tissue.
First hybrid electric heating system for Yankee hood in tissue industry started up – a collaboration of Softys and Andritz
Toscotec delivers energy saving technological upgrade to Cartiera Confalone. TT SteamBooster has reduced the boiler’s gas consumption by up to 25%, also ensuring a reduction of the mill’s carbon emissions.
The tissue making line, converting equipment and the biomass boiler will be installed at the Aracruz mill in Espírito Santo, Brazil. The start-up is scheduled for the Q1 2026.
Hengan has now 15 Andritz tissue machines in operation. The two machines of the type PrimeLineCOMPACT M 1600 have a design speed of 1,700 m/min and a working width of 3.65 m.
Q4 2023 operating profit was $670 million compared to $712 million last year, resulting in an operating margin of 13.5%.
Clearwater Paper is restarting equipment and production at the facility as weather conditions permit.
Final demand prices moved down 0.1% in November and 0.4% in October. On an unadjusted basis, the index for final demand rose 1.0% in 2023 after increasing 6.4% in 2022.
The newly acquired entity will operate under the name ‘WEPA Professional UK’.