Andy Silvernail joined International Paper as CEO in May 2024. He has two decades of experience leading global companies in the manufacturing and technology sectors.
Printing & Writing Papers
After a decline in the first quarter of the year, the export and import of Finnish forest industry returned to normal levels in the second quarter.
According to company’s preliminary view, the potential measures include temporary and permanent layoffs, retirements, and internal work arrangements within Valmet. The estimated number of permanent employee reductions is approximately 200 positions.
U.S. Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% on a seasonally adjusted basis in July 2024, after declining 0.1 percent in June.
Senior Vice President Tom Plath to leave company at end of year.
This move comes as Russian plywood exports have plummeted due to sanctions imposed by the European Union and the United States.
Heidi Brock previously served as ICFPA Vice President from 2022 to 2024. She succeeds Jori Ringman, Director General of the Confederation of European Paper Industries (Cepi), who previously held the ICFPA Presidency.
Iberpapel recognised a net profit of Euro 10.33 million in the first six months of 2024, with the market showing signs of slight recovery.
Q2 2024 cash provided by operations of $365 million and returned $160 million to shareholders in dividends.
Stora Enso has also appointed Carolyn Wagner Executive Vice President, Packaging Solutions division.
Total printing-writing paper inventory levels increased 3% when compared to May 2024. U.S. purchases of total printing-writing papers in May increased 9% compared to the same month last year.
Sappi Europe announces that it has cut the carbon footprint of its Galerie paper range by 55%, which is projected to reach 70% by the end of 2024.
Compared to the same month in 2023, the figure advanced by 1.4%.
The Q2 EBITDA was positively impacted by insurance at Norske Skog Saugbrugs of NOK 338 million ($31.5 million).
Over the last 12 months, the all items index increased 3.0% before seasonal adjustment.
He will start in his role in October 2024.
Completion of the combination remains subject to the satisfaction or waiver of the remaining conditions, including regulatory clearance being received from the European Commission and the sanctioning of the Scheme by the Court.
When the second 20 megawatt e-boiler starts up in November 2025, it will further boost the mill’s unique ability to switch between natural gas and renewable energy sources – to generate the heat the mill needs to create steam for its paper machines.
Total printing-writing paper inventory levels increased 2% when compared to April 2024.
Overall, manufacturing sales in Canada rose 1.1%.