Spearhead Timberworks receives $7.5 million from British Columbia government.
Tissue Paper
The new AHEAD 1.8 machine (PM2) has a sheet width of 2,800 mm and a production capacity of over 30,000 tons/year. The start-up is planned for 2026.
Pursuant to the terms of the asset purchase agreement, Sofidel will acquire four facilities across Arizona and South Carolina, specifically one paper mill in Gila Bend, Arizona, two converting facilities in Phoenix, and one converting facility in Duncan, South Carolina.
The energy needed for PM1’s operation comes entirely from electricity. The mill has the option of getting power from the Portuguese grid or using 100% renewable energy coming from its solar and wind systems.
The transaction includes Ontex’s business in Brazil and its manufacturing facility in Senador Canedo in the State of Goiás. It employs approximately 1,400 employees.
The change will enter into force as of April 1st 2025.
This yankee dryer, which weighs approximately 321,000 lbs (160.5 tons) and has a diameter of 18.5 feet and a width of 22 feet, became a key asset in Sofidel’s ongoing commitment to producing high-quality tissue products.
In 2024, Grigeo Group AB earned Euro 25.3 million profit before taxes, which is by Euro 4.3 million less than in the same period in 2023.
First Quality Tissue to invest for expand manufacturing operations in Defiance, Ohio
Q4 2024, Cascades Inc. posted a net loss of $13 million, or $0.13 per common share, compared to a net loss of $57 million, or $0.57 per common share, in the same period of 2023.
Rexcell achieved the targets of substantially bringing down PM1’s thermal energy consumption through the use of energy-efficient drying technology and increase the machine’s production capacity.
Adjusted EBITDA from total operations was $21 million in the Q4 2024, compared to $63 million in the Q4 2023.
The project would create over 400 new jobs and increase the UK’s self-sufficiency in the tissue paper market to approximately 85% .
The acquisition strengthens Cardinal Tissue’s manufacturing capacity in South Carolina and Florida, enhancing product offerings and market reach.
David Neal will succeed Andy Konieczka, who has decided to retire in early March following a long career with Georgia-Pacific and its parent company, Koch, Inc.
The projects are scheduled for completion in 2025.
A recruitment process for a successor will be initiated immediately.
This is the second of two TAD (Through-Air-Drying) machines that Toscotec supplied to Hengan.
The new TT SteamBooster recovers the heat from the hood’s exhaust air to generate high pressure steam using the condensate coming from the Steel Yankee Dryer.
The startup is planned for 2027.