Yearly Archives: 2017
Total European Shipments of Graphic Papers in November 2016 Down 1.4% versus Nov. 2015
(Brussels, Belgium, Feb. 1, 2017) EURO-GRAPH, the European Association of Graphic Paper Producers, published its November 2016 statistics of the European Graphic Papers Industry, which showed total shipments of graphic papers in November were 2,867,000 tonnes, a decrease of 41,000 tonnes, or 1.4%, versus November of 2015.
Graphic Paper grades include: Newsprint, SC-Magazine, Coated Mechanical Reels, Uncoated Mechanical Reels, Coated Woodfree and Uncoated Woodfree.
In November, total European shipments of Newsprint were 651,000 tonnes compared to 674,000 tonnes in November of Read More...
KapStone Acquires Associated Packaging Inc.
(USA, Feb. 1, 2017) KapStone Paper and Packaging today announced that it has completed the acquisition of the assets of Associated Packaging, Inc. and Fast Pak, LLC (together, API).
Terms of the deal were not disclosed.
API is headquartered in Greer, South Carolina and has 77 employees.
API provides corrugated packaging and digital production needs serving a diverse customer base including an emphasis on fulfillment and kitting for the Automotive and Consumer Products Industries.
Kapstone's President and Chief Executive Officer, Matthew Kaplan, states: Read More...
Mondi Group CEO David Hathorn to Retire, Peter Oswald Named Successor
(London, UK, Feb. 2, 2017) Mondi Group announced that David Hathorn, Group Chief Executive Officer, has informed the Boards of his decision to retire. Peter Oswald, currently an Executive Director and Chief Executive Officer of the Europe & International Division, will succeed Hathorn as Group Chief Executive Officer.
Hathorn joined Mondi in 1991 and has served as CEO since 2000.
To learn more please visit: www.mondigroup.com (Source: Mondi Group)
Read More...
Four Valmet supplied tissue lines started up within three months at Lee & Man Paper Manufacturing in China
(Helsinki, Finland, January 30, 2017) Four Valmet supplied tissue lines has been successfully started up at Lee & Man Paper Manufacturing’s Chongqing mill in China within three months. The new lines, which are designed for production of high quality tissue products with low energy consumption, were all producing sellable paper from the very start.
Previously Valmet has installed an Advantage DCT 200 tissue line at the same mill in 2015. All five machines are equipped with advanced tissue technology to Read More...
UPM Chief Executive Says 2016 a Financially Record Year
(Helsinki, Jan. 31, 2017) UPM’s President and CEO, Jussi Pesonen, made the following comments about the company’s fourth quarter and full year 2016 results:
“Year 2016 was financially a record year. It demonstrates the results of our transformation and sets the stage for the future: Today’s UPM is earnings growth oriented, capable and financially strong. Now we have the opportunity to seek new horizons and continue to aim higher.
“We achieved a lot over the course of the year. We grew Read More...
Packaging Corp. of America Reports Fourth Quarter and Full Year 2016 Results
(USA, Jan. 31, 2017) Packaging Corporation of America (PKG) today reported fourth quarter 2016 net income of $111 million, or $1.17 per share and $1.23 per share excluding special items. Fourth quarter net sales were $1.5 billion in 2016 and $1.4 billion in 2015. Full year 2016 earnings were $450 million, or $4.75 per share and $4.88 per share excluding special items. Full year 2016 net sales were $5.78 billion compared to 2015 net sales of $5.74 billion.
Reported earnings Read More...
Hamburger Containerboard invests EUR 20 million in Gelsenkirchen mill
(Germany, Jan. 30, 2017) Hamburger Containerboard said it has completed an EUR 20 million paper machine upgrade project at its mill in Gelsenkirchen, Germany, and that PM 1 has been successfully restarted following three weeks of downtime.
The project included increasing the machine’s production width to 5 meters, along with upgrades to the film press and drying section. In addition, a new pope reeler to accommodate wider diameters and an upgraded soft-nip calender were installed.
The updated production line now has Read More...
Mondi to invest EUR 470 million in modernisation and expansion of its Steti mill
(Johannesburg, South Africa, Jan. 30, 2017) Mondi announced that it will invest EUR 470 million in the modernisation and expansion of the Steti mill in the Czech Republic, subject to obtaining approval for various tax incentives and necessary permitting. The project consists of the installation of a new recovery boiler, the rebuild of the fibre lines, the debottlenecking of the paper machines and an investment in a new 90,000 tonnes per annum machine glazed kraft paper machine.
Steti mill in Read More...
Domtar to invest $25 million in upgrade projects at paper facilities in Pennsylvania
(USA, Jan. 30, 2017) Domtar Corp. will spend about $25 million to convert boilers to natural gas from coal and modernize equipment at two paper plants in Pennsylvania, according to a news report from the Charlotte Business Journal.
The work will allow the company to retain about 430 jobs in the Johnsonburg paper plant and another nearby paper-converting facility.
The Pennsylvania Commonwealth Financing Authority approved a $1 million grant for a $4 million project to install a three-mile natural gas pipeline Read More...
Romcarton Bucharest to launch new corrugated cardboard plan
(Bucharest, Romania, Jan. 27, 2017) Romanian corrugated cardboard maker Romcarton Bucharest has unveiled plans to open a new production facility in Popeşti-Leordeni, in the country’s southern part.
To carry out the investment, Romcarton Bucharest has obtained a bank loan of €29.6 million, of which some €27.5 million will be used to construct the facility, and the remaining €2.1 million will be used to purchase new machinery and related equipment.
The funds were acquired from local bank Banca Comerciala Romana, according to Read More...
Xerium Granted Patent for EnerVent Roll Cover Venting Technology
(USA, Jan. 31, 2017) Xerium Technologies announced today that the US Patent and Trademark Office (USPTO) has granted patent number 9,488,217 for its EnerVent roll cover venting technology.
First introduced in 2014, EnerVent’s unique technology is proven to reduce energy consumption, improve drying rates and increase production output for machines producing tissue, paperboard and packaging, and graphical papers.
“Conventional roll cover venting products feature narrow grooves that are inherently ineffective and become even more ineffective with age, with softer cover materials, Read More...
Two new Toscotec’s tissue machines delivered to Vinda Paper; will bring a further increase of 60,000 tons/year
(Italy / China, Jan. 24, 2017) In December 2016, the Italian supplier Toscotec S.p.A. has delivered two tissue machines, TM 3 and 4, to Vinda Paper (Zhejiang) to be installed at its Longyou mill.
The machines are scheduled to begin installation in the spring and complete start-up in mid-2017. Vinda Zhejiang mill, catering for east China area market with Shanghai in the proximity of which is strategically located, has registered a sustained growth, since the first two Toscotec supplied tissue Read More...
Valmet to supply three board machine rebuilds in North America
(Helsinki, Finland, Jan. 23, 2017) Valmet will supply three board machine rebuilds in North America. The customers remain confidential. The goals of the rebuilds are e.g. to increase production and the use of recycled and non-bleached fibers. The start-ups of the rebuilt board machines are scheduled for 2017 and 2018.
The orders are included in Valmet's fourth quarter of 2016 orders received. The value of the orders will not be disclosed. The combined value of these types of orders is Read More...
Stora Enso reconsiders plans to build a chemical pulp mill in Beihai, China
(Helsinki, Finland, Jan. 19, 2017) Stora Enso has initiated a process with the Government of Guangxi with the target to remove the authorisation for the hardwood chemical pulp mill from its investment permit.
Stora Enso has previously announced that it considers building a chemical pulp mill at its Beihai Mill site, once the consumer board machine is up and running. The final decision is still subject to the decision of Stora Enso's Board of Directors.
“The market demand for high-quality Read More...
WestRock to Acquire Multi Packaging Solutions for $1.39 Billion
(USA, Jan. 24, 2017) WestRock Company and Multi Packaging Solutions International Limited) (MPS) announced today that a definitive agreement has been reached for WestRock to acquire all of the outstanding shares of MPS for $18.00 per share in cash and the assumption of an estimated $873 million in net debt, for a total enterprise value of $2.28 billion. This enterprise value represents a trailing twelve-month adjusted EBITDA multiple as of September 30, 2016, of 9.6 times, and 7.1 times Read More...