Smurfit Kappa will invest Euro 24 million to expand its corrugated plant in Rethel, North-East France. The new investment will facilitate the consolidation of two existing facilities at that plant and the installation of a new state-of-the-art corrugator and conversion equipment.
Based in Portland, Oregon, Campbell Global has $5.3 billion in assets under management and manages over 1.7 million acres of timberlands worldwide with over 150 employees.
Huber Engineered Woods to build new OSB manufacturing facility in Cohasset, Minnesota. The new plant is projected to provide more than 150 new jobs to Itasca County area.
EACOM Timber Corporation announced a multi-year commitment to the Local Services Board of Gogama to contribute towards the purchase of new boilers for the Community Centre building and a backup generator for the Gogama water treatment plant.
Despite high lumber prices, log prices in the U.S. South remained at the same low level as in previous years. However, this gap is beginning to close. Atlanta-based Domain Capital Group, which manages $600 million in forestry assets, is already seeing growing prices for standing timber. Scott Reaves, director of forest...
Resolute Forest Products Inc. announced additional capital investments of $50 million in its wood products operations in Canada and US.
Stora Enso has decided to invest Euro 21 million to improve the competitiveness and environmental performance of the Anjala-Ingerois production sites. Stora Enso will also invest Euro 26 million in modernising the pulp production at Nymölla in Sweden.
Smurfit Kappa’s Bag-in-Box division completed Euro 12 million investment in a new flexible material production facility at its plant in Ibi, Spain. The new state-of-the-art production facility commenced operations, on a phased basis, earlier this year and will be one of the most advanced Bag-in-Box manufacturing plants...
The Black Sea Trade and Development bank (BSTDB) has provided a 7-year Euro 75 million loan to the Turkish Hayat Kimya Group for the construction of a new factory in Kaluga, Russia, producing cleansing tissue and towel paper. The total project cost is Euro 134.5 million.
The new facility will have an annual production capacity of 250 million board feet on a two-shift basis and will directly employ about 130 people plus create significant additional indirect jobs.
Mikhail Shamolin, President of Segezha Group (a Sistema company), and Arthur Parfenchikov, Head of the Republic of Karelia, Russia, signed a letter of intent for the implementation of the “Segezha West PPM Construction Project”. The investments are estimated at RUB 178 billion ($2.4 billion).
Smurfit Kappa has announced a significant investment of Euro 11.5 million in its Zülpich paper mill in Germany, which will fund a fuel conversion project aimed at significantly reducing the plant’s CO2 emissions. The plant currently produces approximately 500,000 tonnes of paper annually.
Red Leaf Pulp Ltd. announced the Company will locate its initial facility in Regina, Saskatchewan, Canada. The Company has secured properties on the west side of the City of Regina and will commence construction of the $350 million facility in early 2022.
Tschopp Holzindustrie AG started construction work on its new GHF 75 million ($83.3 million) sawmill in Buttisholz, Switzerland. The 20,000 m2 area reserved especially for the plant.
Mitsui O.S.K. Lines plans to procure a newbuilding Panamax bulker to transport woody biomass for energy as its main cargo, in light of stronger demand for "carbon neutral" biomass fuels, especially by power companies in Japan.
SCA invests SEK 50 million ($6 million) to reduce environmental impact from its Härnösand pellet mill I Sweden and to reduce discomforts for neighbours. The investments comprise among other items a wet electrical filter.
Metsä Fibre has concluded logistics agreements with Port of Kemi Ltd and Kuljetusliike Kalevi Huhtala Oy concerning the bioproduct mill under construction in Kemi, Finland.
OneFortyOne has committed to a $7 million investment at its nursery in Glencoe, New Zealand. The nursery upgrade is scheduled to begin in July 2021, and is due for completion in 2023.
Huhtamaki is setting up a new manufacturing unit in KwaZulu-Natal in South Africa. Manufacturing operations are expected to begin during the 4Q 2021 and the facility is expected to employ approximately 30 employees when fully operational.
The Koehler Group is planning to fully convert its power plant at its Oberkirch, Germany location to biomass in the coming years. The change represents an investment of just under Euro 60 million ($73 million) for Koehler, and will enable the company to produce the energy it needs for its paper production operations in...