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.
Clearwater Paper Corporation announced the indefinite closure of its Neenah, Wisconsin facility, which includes three tissue machines and ten converting lines, removing a total paper production capacity of approximately 54,000 tons. Clearwater Paper intends to indefinitely close Neenah and exit the away from home busin...
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).
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.
Metsä Group has started a planning process with the City of Äänekoski in Finland with the aim of expanding the production of mechanical wood products at the Äänekoski mill site in the future. The planning process is estimated to last until early 2022.
Keta Kosman, Publisher of Madison’s Lumber Reporter, monitors lumber prices every day. She thinks we are in a new era for the economy. In the 1950s, there was much infrastructure building, it was all a huge boom for the economy for two decades. We're in a similar situation right now, she says. The U.S. administration i...
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.
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.
Stora Enso has signed an agreement to divest its Sachsen Mill located in Eilenburg, Germany, to the Swiss-based family-owned company Model Group. The enterprise value of the transaction is Euro 35 million, subject to customary purchase price adjustments. All 230 employees at Sachsen Mill will move to Model Group with t...
Smurfit Kappa is substantially expanding its converting capacity at four manufacturing plants across the Czech Republic and Slovakia with Euro 20 million investment. The investment will see the installation of new converting equipment which will increase capacity by over 100 million regular and offset printed boxes per...
Russ Taylor, president of British Columbia based Russ Taylor Global, says that high prices cure high prices. High lumber prices will eventually reduce demand and increase supply – high prices scare people away. He is confident the prices for lumber will start to settle down, but at higher levels than we have ever seen ...
Metsä Fibre’s Rauma sawmill, part of Metsä Group, has concluded a service agreement with Euroports Finland on port operations for sawn timber in Rauma. The agreement is for four years and will take effect in the summer of 2022.
PulPac granted support for barrier development and hypothesis testing within the Swedish strategic innovation program BioInnovation.
Homann Holzwerkstoffe GmbH proved its crisis resilience and achieved record earnings before interest, taxes, depreciation and amortization (EBITDA) in the financial year 2020 despite a slight decline in revenues due to the pandemic. Operating EBITDA rose from Euro 47.1 million to Euro 49.4 million. The EBITDA margin co...
Eastern Engineered Wood Products acquires property and breaks ground on new distribution center near Keysville, Virginia. The new location will be dedicated exclusively to the sale and distribution of Engineered Wood Products (EWP). Construction will be completed later this year.
Nippon Paper Industries has decided that at the end of May 2022, it will shut down the operation of its coated paper-producing N6 paper machine at Ishinomaki mill (Ishinomaki City, Miyagi Pref) in Japan.
Ilim Group's new pulp and paper mill in Ust-Ilimsk, Russia, has become the largest greenfield project in the Russian pulp and paper industry over the past few years. Implementation of large Ust-Ilimsk project has entered an active phase. In the 2Q 2021, the Company will proceed with installation of a cardboard machine ...
Nordic Paper has decided to discontinue the production of pulp at the Säffle plant in Sweden, during the 4Q 2021 and replace it with purchased external pulp. The decision has been made as the consultations with trade unions regarding the pulp production now have been concluded.
The Lenzing Group, the leading global supplier of wood-based specialty fibers, will invest more than Euro 200 million in its production sites in Purwakarta, Indonesia, and Nanjing, China, to convert existing standard viscose capacity into environmentally responsible specialty fibers.