For the 12-month period, Producer Price Index (PPI) increased by 1.6% y-o-y, the highest level since September 2023.
Packaging Paper & Board
Elliott Baxter has acquired 100% of the shares. The acquisition will generate combined group turnover in Ireland of circa Euro 50 million.
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.
In this newly created role, Stuart Crockford will be responsible for leading all aspects of the company's business development and M&A strategy.
Nordic Paper decides to explore a potential sale of the Company in response to Shanying’s announced intention to divest its 48.16% stake.
Villa Santa Lucia plant alone accounts for the 5% recycling capacity throughout Italy.
Net sales for 2023 were $1,643 million, down $74 million from the prior year.
Mondi shareholders would own 54% and DS Smith shareholders would own 46% of the issued and to be issued share capital of Mondi.
The addition of Vivabox enhances Veritiv's existing capabilities in kitting and design for complex projects and brings significant experience with retail and luxury and premium consumer brand customers.
Ubro SystemPac, with a turnover of approximately Euro 12 million will become part of OptiGroup’s Packaging business area and will continue to operate under its current brand.
For the Q4 2023, Canfor Corporation reported an operating loss of $191.3 million, compared to an operating loss of $65.1 million for the Q3 2023.
Imports of wood increased by 5% compared to the monthly average for the year 2022. The most important source of imported wood in December 2023 was Estonia (42%).
Huhtamaki is planning to consolidate the production footprint in China in the Fiber Foodservice Europe-Asia-Oceania segment and will close its production sites in Tianjin and Shanghai by the end of Q2 2024.
Pro-Gest S.p.A. announces that it has defined a new structure of the Board of Directors, which involves the inclusion of independent directors and the continuity of the Zago family.
In February 2024, China's imported coniferous pulp prices increased by 0.9% to 5910.9 yuan per ton compared to mid- February.
RDM Group to retain 163 employees at Villa Santa Lucia mill.
Net sales decreased slightly to $9,428 million for the full year 2023, compared to $9,440 million in the prior year.
Commissioning of the new stock preparation plant is due early in 2026.
About 300 employees impacted were informed earlier today, and discussions have been set up throughout this week to offer new opportunities or outplacement support.
The new price is valid from April 1, 2024