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.