News & Events
KapStone Paper and Packaging to Invest $25 Million in Converting Assets
(Northbrook, Illinois, USA, Sept. 08, 2016) KapStone Paper and Packaging yesterday announced it is making an investment in building a new state-of-the-art sheet plant in Ontario, California, as well as investing as a minority partner in a sheet feeder in Ontario, California. The new sheet plant is expected to be manufacturing boxes by January 2017 and is intended to primarily supply the Company’s Victory Packaging operations in Southern California as well as other KapStone customers.
This venture, as well as Read More...
Valmet to supply key technologies for Cheng Loong’s new board machine
(Helsinki, Finland, Sept. 12, 2016) Valmet will supply Cheng Loong Binh Duong Paper Company with key process technology for its new BM 1 containerboard machine to be located in the company’s Ben Cat mill in Binh Duong Province in Vietnam. Valmet’s delivery includes a headbox, forming and press sections, a winder and quality measurement system.
The order is included in Valmet’s third quarter 2016 orders received. The value of the order will not be disclosed. The value of an order Read More...
Segezha Group’s revenue increased by 34 per cent to RUB 21.4 billion ($329 million) in 1H 2016
(Russia, Sept. 06, 2016) Segezha Group announces its unaudited consolidated IFRS results for the six months ended 30 June 2016. The Group’s revenue increased by 34%, to RUB 21.4 billion ($329 million) compared to 1H 2015.
OIBDA reached RUB 4.6 billion ($70.7 million), a year-on-year increase of 28%; OIBDA margin was 21.6%. 1H 2016 net income grew by 53.1%, to RUB 1.6 billion ($24.6 million) compared to 1H 2015.
Sergey Pomelov, President and Chairman of the Management Board of Segezha Group, Read More...
Romania’s Vrancart eyes €14.7M investment
(Bucharest, Romania, Sept. 09, 2016) Romania’s cardboard maker Vrancart Adjud is aiming to acquire funds from the Romanian state to implement an investment worth some RON 65.6 million (€14.7 million) in expanding and modernising its output capacity.
The manufacturer is planning to carry out the project in the years 2017 to 2019, according to the information obtained by local business daily Capital.
The cardboard maker reported sales revenues of some RON 117.36 million (€26.34 million) for the first six months of Read More...
Avery Dennison to strengthen pressure-sensitive manufacturing footprint; with $65 million Luxemburg investment
(Rodange, Luxembourg, Sept. 13, 2016) Demand for pressure-sensitive materials continues to grow in Europe. To meet future demand, Avery Dennison is strengthening its European manufacturing footprint with a $65 million investment to expand its Rodange, Luxembourg production facility. The investment is one of Avery Dennison’s largest operational initiatives globally in recent years.
“Following years of increasing market demand in Europe, and in line with our long-term growth strategy, we have decided to increase our capacity and capabilities so we can Read More...
Kyiv CPM to upgrade paper machine
(Kyiv, Ukraine, Sept. 09, 2016) Kyiv CPM has launched a modernization project of its tissue making machine, replacing the existing drying cylinder with a new one, manufactured by Valmet, Sweden.
According to the company information, the equipment was shipped from the city of Karlstad (Sweden) August 31, 2016, a month before the scheduled date. Expected delivery time of the drying cylinder with internal bearings and snap - the middle of October 2016. Entering the cylinder is scheduled for the end Read More...
Big Data and the new folding carton industry could become one of the most important drivers of change in this industry
(Paris, France, Sept. 08, 2016) The folding carton industry supply chain members will meet from 14 until 17 September 2016 in Antibes/Juan-les-Pins (France) for the ECMA Congress. This year’s theme for the ECMA Annual Congress will be: ‘Big Data – The New Folding Carton Industry’. Big Data could become one of the most important drivers of change in this industry. Big Data has the potential to fundamentally change the way businesses compete and operate and could provide a competitive Read More...
Moody’s downgrades Resolute’s bond rating to B1; raises liquidity to SGL-1
(Toronto, 08 Sep 2016) Moody’s Investors Service, (Moody’s) downgraded Resolute Forest Product Inc’s (Resolute) senior unsecured notes due 2023 to B1 from Ba3 and raised the speculative-grade liquidity rating to SGL-1 (very good liquidity) from SGL-2 (good liquidity). The company’s existing ratings, including the Ba3 Corporate Family Rating and Ba3-PD Probability of Default Rating were affirmed. The outlook remains stable.
“The downgrade of the senior unsecured notes resulted from Resolute’s announcement to add $185 million of additional secured debt which Read More...
Hengan Starts Up Valmet-supplied Tissue Line in Wuhu, China
(Helsinki, Sept. 6, 2016) Valmet announced that an Advantage DCT 200HS tissue line supplied by Valmet successfully started up in August at Hengan’s paper mill in Wuhu, Anhui province in China.
According to Valmet, the installation and commissioning were performed in record time and the start-up went very smoothly. The new tissue machine adds another 60,000 annual tons of tissue products to Hengan’s current production of more than one million tons per year.
PM 19 is Valmet’s fifth tissue machine delivery Read More...
Ten Toscotec tissue machines up and running at Vinda’s Sanjiang (China) mill
(Italy / China, Sept. 06, 2016) Vinda Paper (China) Co., Ltd. in Sanjiang mill, Jiangmen, has started up two new Toscotec’s machines, TM 9 & 10. Both machines are AHEAD-2.0M with a design speed of 1,800 mpm.
TM10 is the 21st machine supplied by Toscotec to Vinda.
Vinda’s Sanjiang mill in Guangdong province has now ten Toscotec tissue machines of different models and configurations. Considering the start-ups of TM9 and TM10, the Chinese producer has achieved startup of all 10 machines Read More...
Resolute’s Calhoun Tissue Operation on Track for First-Quarter 2017 Start-Up
(Calhoun, Tennessee, USA, Sept. 7, 2016) Resolute Forest Products today announced completion of commissioning of the first tissue converting line at its state-of-the-art tissue facility currently under construction in Calhoun, Tennessee. The remaining two lines will be commissioned by year-end.
“We are on schedule with the $270 million project, our largest investment since 2010,” stated Richard Garneau, president and chief executive officer.
“The first production of bath tissue and towel came off the converting line on August 17, representing an important Read More...
Caraustar Industries Acquires Los Angeles Paper Box
(USA, Sept. 6, 2016) Caraustar Consumer Packaging announced that it has acquired Los Angeles Paper Box, a folding carton and rigid box company specializing in supplying the food industry.
Terms of the deal were not disclosed.
Los Angeles Paper Box is located in Commerce, California and has been serving its customers for over 100 years.
“With the acquisition of Los Angeles Paper Box, we will service our West Coast customers in a more efficient manner,” said Dean Dietrich, Vice President and General Read More...
DS Smith Completes Acquisition of Deku-Pack in Denmark; obtains €3.2M financing to develop Hungarian operations
(London, Sept. 5, 2016) DS Smith said that it has completed the acquisition of Deku-Pack, following receipt of competition authority clearance.
Terms of the deal, which was announced on July 20, were not disclosed.
Deku-Pack is a specialist in Point of Sale and display products and services for in-store marketing, located in Denmark and employs about 80 people. The business is focused on FMCG, retail and media markets and significantly builds on DS Smith’s capability within the Scandinavian markets.
Miles Roberts, CEO Read More...
Solenis to acquire Nopco Paper Technology
(Sept. 07, 2016) Solenis signed an agreement to acquire the shares in Nopco Holding AS and related subsidiaries (“Nopco”), a producer and supplier of advanced chemical solutions for the pulp and paper industry.
The transaction is expected to close in the fourth quarter of 2016, following receipt of customary regulatory approvals in Germany.
Nopco produces defoamers, collecting agents, deposit control agents, and insolubilizers for the European pulp and paper, industrial and recycling markets. Nopco’s antifoam and de-inking products are complimentary to Read More...