Metsä Group's sales in FY 2019 totalled Euro 5,473.4 million, compared to Euro 5,709.1 million in 2018. Sales declined due to pulp prices and paperboard delivery volumes, both lower than in the year before
Clearwater Paper Corporation announced that its board of directors (the “board”) has unanimously elected Arsen S. Kitch, the company’s senior vice president and general manager of its consumer products division, as its next CEO, effective April 1, 2020. Upon becoming CEO, Mr. Kitch will be appointed to the board.
Kimberly-Clark Corporation announced that Russ Torres has been named President, Kimberly-Clark Professional, effective March 9, 2020. Torres will report to Mike Hsu, Chairman and CEO of Kimberly-Clark.
Georgia-Pacific will make an investment of more than $145 million at its Darlington, South Carolina, Dixie plant that will expand plate and bowl making operations.
Domtar Corporation provided an update on its financial performance for the 4Q 2019. Domtar’s management expects 4Q 2019 sales to be $1.2 billion and the operating loss to be between $15 and $19 million. EBITDA before items is expected to be between $74 and $78 million.
Nancy Marcus to retire as Chief Marketing Officer (CMO) of Kruger Products, effective March 1, 2020; Susan Irving formerly of PepsiCo becomes new CMO. Susan joined Kruger Products in early January 2020 and will work with Nancy over the next few months to ensure a smooth transition.
Kimberly-Clark Corporation announced executive leadership changes. Aaron Powell, President of Kimberly-Clark Professional, has been named President of Kimberly-Clark's Asia-Pacific consumer business. Achal Agarwal, President of Kimberly-Clark's Asia-Pacific consumer business, has been named to the newly created role of...
Valmet and Fabio Perini have established an Industrial Internet ecosystem partnership to strengthen collaboration in the tissue industry. The target is to allow tissue producers and converters to work together more efficiently, and to exchange knowledge and resources for the benefit of their customers.
The purpose of the project is to replace the plastic-based adhesives currently used in the nonwoven with OrganoClick biobased and biodegradable binders. During the project, binders will be adapted to the nonwoven used for various health and hygiene applications.