The transaction represents the next step in the Clearwater Paper’s transformation to become a premier independent supplier of paperboard to North American converters and the conclusion of its previously announced review of strategic options for the tissue business.
EBITA increased 27% to SEK 5,237 million.
Compared to the same month in 2023, the figure advanced by 1.4%.
Craig Slavtcheff will lead an R&D team of scientists focusing on proprietary, right to win spaces that build differentiated consumer preference and durable brand equity.
Over the last 12 months, the all items index increased 3.0% before seasonal adjustment.
The machines will produce tissue for household paper, napkins, handkerchiefs, facial tissues, and toilet paper at a maximum capacity of 94 t/d each. They have a design speed of 1,650 m/min and a width of 3.5 m.
The new tissue line will have a design speed of 2,200 m/min, a width of 5.6 meters, and an annual production capacity of 70,000 tons. It is optimized to save energy and deliver excellent paper properties.
The tissue machine will have a paper width on reel of 2,850 mm, a maximum operating speed of 6,560 ft/min (2000 m/min), and a yearly capacity of 35,000 tons of high-quality tissue grades dedicated for bath, towel, facial and napkin products.
The 400-acre facility employs more than 600 people.
The delivery comprises of two Valmet Perini Constellation tissue converting lines and the packaging machinery needed for the production of rolled tissue. The machinery represents latest technology for efficiency, flexibility, and low energy consumption.
Overall, manufacturing sales in Canada rose 1.1%.
The Toscotec-supplied AHEAD line will be upgraded by Toscotec to become the first tissue machine in the world to operate at 2,000 m/min entirely on electricity. The project is scheduled to be completed by the end of 2024.
The $418 million expansion will increase diaper and training pant capacity by 50% and create 600 new jobs.
The closing of the agreement is estimated to occur at earliest on August 1st, 2024.
Hugues Simon to succeed Mario Plourde as President and CEO of Cascades.
The state-of-the-art facility will focus on tissue to meet the evolving demands of branded tissue in both Consumer and Professional Hygiene markets.
The start-up is scheduled for the Q4 2024.
Net income for the Q1 2024 was $17 million, or $1.02 per diluted share, compared to net income for the Q1 2023 of $24 million, or $1.40 per diluted share.
Designed for optimal energy efficiency, the new AHEAD 1.8 machine features an upgraded design TT NextPress shoe press, a third-generation TT SYD Steel Yankee Dryer, and high efficiency TT Hood.
Sipat Tissue will benefit from ABB's QCS in two of its modern machines, expecting to realise significant benefits that optimises quality, on-spec output at a low cost.