Printing Papers

Mondi plc has agreed with Peter Oswald, Group CEO, that he will step down as CEO and from the Board of Mondi plc, and will leave the Group, on 31 March 2020.

E.ON is planning to build a biomass power plant on a paper mill site provided by UPM in Hürth, Germany. The new plant is designed for an electrical output of 20 megawatts (MW) and a thermal firing capacity of 87 MW. E.ON is planning to invest around Euro 110 million in the project that could create more than 30 new job...

GE announced an order for a multiyear services agreement with Sappi, the global provider of sustainable woodfibre products and solutions. GE will provide long-term maintenance services and performance upgrades on a 42-megawatt gas turbine supplied by another equipment manufacturer, powering Sappi’s industrial process.

AFT has announced the opening of a new sales office in Saint Petersburg, Russia. The new office will strengthen its presence in the Russian and CIS markets for pulp and paper wear parts and equipment, as well as allowing the company to explore these markets for new opportunities.

In 2020, Stora Enso’s estimated capital expenditure will be Euro 800–850 million, including Euro 200–230 million for the Oulu mill conversion and Euro 80–100 million for biological assets. The forecasted annual depreciation is Euro 550–570 million and the operational decrease in the value of biological assets is Euro 5...