Company sells security paper operations to Swiss National Bank and Orell Füssli Holding for C$28 million.

 

Mondi will acquire the Powerflute operations, which includes a 285,000 metric tpy pulp and paper mill in Finland, for EUR 365 million on an enterprise value basis.

 

Company acquires the 49% equity interest held by The New York Times Co. in Donohue Malbaie Inc. for a cash purchase price in the amount of C$20 million. Resolute already owned 51% of the shares of Donohue Malbaie.

 

Combination creates a leading integrated paper-based packaging company with approximately $6 billion of projected revenue and approximately $1 billion of projected EBITDA post-synergies. It also expands existing and builds new platforms for integrated growth in SBS foodservice markets and folding carton converting.

 

Total P&W paper inventory levels increased less than one-half of one percent from October 2017.

 

November 2017 shipments rise 5% over October 2017 production, which was at 86% of capacity.

 

Demand was down 5.7% y/y through the first 11 months of the year.

 

Rising demand for packaged food, coupled with the cost-effectiveness of flexible packaging solutions, drives the demand for stand-up pouches.

 

Prices were higher throughout the world in the 3Q/17 and are likely to continue upward into 2018 because of strong demand for lumber in key markets, reports the "Wood Resource Quarterly."

 

Acquisition is an important step toward company’s ambition to further develop an industrial platform in South America, enabling it to continue supporting filtration customers in the region for years to come.

 

Bain Capital Private Equity will acquire the Italy-based specialty paper producer, which has 13 mills (nine in Italy, two in Spain, and two in Brazil), and more than 13,000 products in its catalog, Fedrigoni sells its products in more than 110 countries worldwide.

 

Spruceland Millworks is a value-added manufacturer and international distributor of high quality SPF wood products.

 

Closure reduces annual capacity of coated magazine paper by approximately 128,000 tons. The number of positions affected is 148.

 

New pulping processes to be installed at board mill in China include steam heating and high-density cleaning and will replace the mill’s existing low-consistency pulping systems.

 

New center is based in Hövelhof, and will be the sixth to open in the Germany-Switzerland region since the opening of the first center in Hamburg in May 2016.

 

Six workers are treated for smoke inhalation, and one is sent to the local hospital.

 

Company continues implementing operation efficiencies by consolidating production capacities in China.

 

New machine will add 450,000 metric tpy of liner and corrugating medium capacity, beginning with startup in April 2021.

 

Shredder will process rejects from pulping processes of two existing board production lines at Stora Enso’s Ostrołęka, Poland, mill.

 

Site focuses specifically on the needs of the Indian packaging market and highlights its major investment, the Michelman Innovation Centre for Coatings.

 

New SPLASHBAG, with the outer ply of Mondi Advantage Protect sack kraft paper, keeps up with the needs of advanced customers and end users around the world.

 

New grades launched for innovative shopping bag portfolio are Fashion® White and Fashion® White OF that feature high whiteness with natural and good printing surface in a wide range of virgin fiber grades and grammages between 70 gsm and 130 gsm.

 

Renier Vree’s appointment as CFO becomes effective March 1, 2018.

 

Rob Edwards will play an active role in Coldwater’s engineering, manufacturing, quoting, training, and selling of this high-performance ceramics product line.

 

Jakob A. Mosser will take over the company’s CEO responsibilities from Interim CEO Dimitri Panayotopoulos, effective Jan. 8, 2018.

 

Mario Gosselin began his career with Kruger Inc. almost 40 years ago and has held a number of senior positions with the group in Canada and the U.K. Dino Bianco brings more than 25 years of financial, sales and marketing, and senior management experience with Kraft.

 

Thomas Körmendi will join the company on April 1, 2018.

 

Juhu Pilli-Sihvola is in charge of Metsä Tissue’s finance and control organization as well as ICT matters.

 

Dr. Matthew R. Pixton has extensive experience in the specialty chemical and polymer industries with global and regional leadership roles in R&D and product and process development as well as technology.

 

Company’s board of directors this past week appointed Hans Sohlström president and CEO of Ahlstrom-Munksjö, effective June 30, 2018, at the latest. Sohlström is currently the president and CEO of Ahlström Capital Group.

 

Doug had been a member of TAPPI for 40-plus years. During his affiliation with TAPPI, he was made a TAPPI Fellow and was presented other awards including TAPPI Environmental Division Award, Roy F. Weston Prize, and the Outstanding Local Section Member Award. In April 2014, Doug was presented the TAPPI Herman L Joachim Distinguished Service Award.

 

Led by corrugated industry-experts, the Best Practices on the Corrugator course will teach you how to achieve higher productivity, produce better product quality, and reduce waste and downtime.

 

ABB Pulp and Paper is seeking a Process Control Engineer for its Westerville, Ohio, USA, location.

 

Less than one week remains to register for the Introduction to Pulp and Paper Technology course. Don’t miss your opportunity to gain the most comprehensive overview of papermaking and pulping.

 

TAPPI Nano 2018 Conference has the audience you need to showcase your company’s commitment to renewable materials and nanotechnology.

 

Submit your resume by January 9 to interview with hiring companies at the 2018 Student Summit.