Nordic Paper has decided to discontinue the production of pulp at the Säffle plant in Sweden, during the 4Q 2021 and replace it with purchased external pulp. The decision has been made as the consultations with trade unions regarding the pulp production now have been concluded.
Verso Corporation announced the completion of the sale of the company's closed mill in Duluth, Minnesota, to ST Paper 1, LLC, effective May 13, 2021.
Graphic Packaging Holding Company and CVC Capital Partners Fund VI announced a definitive agreement under which Graphic Packaging will acquire AR Packaging Group AB, Europe's second largest producer of fiber-based consumer packaging, for approximately $1.45 billion in cash.
The Lenzing Group, the leading global supplier of wood-based specialty fibers, will invest more than Euro 200 million in its production sites in Purwakarta, Indonesia, and Nanjing, China, to convert existing standard viscose capacity into environmentally responsible specialty fibers.
Ponsse is launching a new debarking PONSSE H7 HD Euca harvester head alongside the previously released H8 HD Euca. The new powerful harvester head further strengthens Ponsse’s strategy to be the leading global manufacturer of harvester heads.
Supremex Inc. announced its results for the 1Q ended March 31, 2021. Total revenue for 1Q 2021 was $53.6 million, representing an increase of 2.3% from the equivalent quarter of 2020. EBITDA increased by 22.1% to $9.4 million in the 1Q 2021, up from $7.7 million in the 1Q 2020.
Increased demand for hardwood fiber in key pulp-producing countries and a weaker US dollar resulted in higher hardwood pulplogs prices in the 4Q 2020, as Wood Resources International reported.
UPM has signed an agreement to sell its Shotton newsprint mill site in North Wales, United Kingdom and all related assets to Eren Paper Ltd, a subsidiary of Modern Karton Sanayi Ve Ticaret A.Ş., the containerboard and corrugated packaging business of the Turkish industrial conglomerate Eren Holding. The closing of the ...
Mitsubishi HiTec Paper is forced to raise the prices for its coated specialty papers again. The price adjustments of up to 10% apply to deliveries from June 1, 2021.
Pölkky is growing by developing further processing businesses and renewing sawing technology. The first development project of the investment program, Taivalkoski’s ultra-modern planing mill in Finland, is nearly completed and the production will start in June 2021.
During the Logset Oy general assembly meeting the shareholders elected a new Board of Directors. Board member Mikko Lehikoinen was selected as the new Chairman of the Board. Kari Mikkilä and Esa Rantala were welcomed as new members.
Microtec presents a new generation of longitudinal scanners for sawmill, remanufacturing and second processing applications to the industry. The range will be defined by two product lines: the new Microtec Goldeneye scanners for softwood applications and the Woodeye scanners for hardwood applications.
J. u. A. Frischeis (JAF) has transformed its furniture parts production line in Stockerau, Austria, into an end-to-end, fully automated facility. State-of-the-art machines ensure top quality when processing customised furniture components.
Valmet supplies a Valmet IntelliTissue 1600 tissue making line to Chinese tissue producer C&S. The new line will be installed at the company’s mill in Tangshan, China. The start-up is scheduled for the 1Q 2022.
In the financial year 2020, the Pölkky Group’s turnover was Euro 160 million, compared to Euro 168 million in 2019. Net loss for the financial year was Euro 0.2 million. The Group’s financial position weakened, with an equity ratio of 28.6%.
In 2020, Russian exports of softwood logs fell by 18.8% y-o-y to 6,9 million m3, while the average price dropped 3.8% to $76.0 per m3.