Norske Skog announces the closure of the Tasman mill in New Zealand and a sales process for the mill’s assets. Production will cease by 30 June 2021, permanently reducing Norske Skog’s newsprint capacity by approximately 150,000 tonnes.
Newsprint
Stora Enso has signed an agreement to divest its Sachsen Mill located in Eilenburg, Germany, to the Swiss-based family-owned company Model Group. The enterprise value of the transaction is Euro 35 million, subject to customary purchase price adjustments. All 230 employees at Sachsen Mill will move to Model Group with t...
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 ...
Rayonier Advanced Materials announces strategic sale of its lumber and newsprint businesses to GreenFirst Forest Products for approximately $214 million.