Despite a significant drop in market prices for paper and pulp, Heinzel Group recorded the second best result in the company’s history in 2019 and is therefore well equipped for the current corona crisis. While production volume was further increased to slightly over 1.6 million metric tons, net sales, at Euro 1.92 bil...
Resolute Forest Products Inc. provided an update on the impact of the COVID-19 situation to its business. The company will adjust capacity dynamically based on the conditions and rapid evolution of the situation, but most of the capacity reduction is expected to come from the wood products and paper segments.
Mac Papers announced the sale of its businesses to Monomoy Capital Partners, a New York City-based private equity firm. The sale includes Mac Papers, Inc., Mac Paper Converters, Inc. and All Square Digital Solutions, Inc. Terms of the transaction were not disclosed.
Verso Corporation announced that Michael A. Weinhold has resigned as President of Verso, effective March 10, 2020.
The American Forest & Paper Association (AF&PA) elects International Paper Chairman & CEO Mark Sutton as the new AF&PA Board Chair and released its 2020 slate of AF&PA Board Officers.
ABB has launched its KPM KC9 Optical Consistency Transmitter family, a new range of sensors that provide accurate measurement of total and/or ash consistency for better wet end measurement and control in pulp and paper processes.
The European paper and board production has decreased by 3% in 2019 (European Paper Industry countries covered by the data: Austria, Belgium, Czech Republic, Finland, France, Germany, Hungary, Italy, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom), compared to ...
Glatfelter announced Marie T. Gallagher, Senior Vice President and Controller of PepsiCo, Inc., has been elected to the Board of Directors.
International Paper has named its first-ever chief sustainability officer as it prepares to advance its contributions to the circular economy. Sophie Beckham will lead the company's recently announced Vision 2030.
Mondi plc announces that Andrew King, CFO and a director of Mondi plc, will be appointed as CEO with effect from 1 April 2020. Andrew will succeed Peter Oswald who, as announced on 10 January 2020, will be stepping down as CEO and leaving Mondi plc on 31 March 2020.
Domtar Corporation entered into an asset purchase agreement with Appvion Operations, Inc. to acquire Appvion’s Point of Sale (POS) paper business. The agreement includes the coater and related equipment located only at the West Carrollton, Ohio, facility as well as a license for all corresponding intellectual property.
UPM has signed a long-term Wind Power Purchase agreement with German wind park development company wpd. The use of renewable wind power for UPM’s paper mills will help reduce CO2 emissions by 200,000 tonnes annually as of 2022, representing 5% of UPM’s total CO2 emissions.
The Finnish Forest Industries and Finnish Paper Workers' Union came to an agreement on 10 February, ending a two week strike. All work stoppages related to labor disputes end immediately.
Lecta announces a price increase of thermal papers for new orders. The increase will be around 8 to 10% in thermal papers depending on country.
The entire forest industry would be paralyzed for two weeks, since the strikes are targeted at 110 factories and companies in Finland.
Resolute Forest Products Inc. reported a net loss for the 4Q 2019 of $71 million compared to net income of $36 million in the 4Q 2018. For the year, the company reported a GAAP net loss of $47 million, compared to net income of $235 million in 2018. Sales were $2.9 billion, down by 22% from the previous year, or 11% af...
In 2020, company expects robust demand to continue for most UPM businesses, whereas demand decline is expected to continue for UPM Communication Papers.
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.
The Felix Schoeller Group starts 2020 with a new organisational structure. With production facilities around the world – in Germany, North America, China, Russia and India – the German Osnabrück-based specialty paper manufacturer is with immediate effect delegating more responsibility to the regions. There has been a r...
Gould Paper Corporation (OVOL USA) has acquired McGrann Paper.