Login
Menu

Monthly Archives: February 2016

M&As: SCA Closes Acquisition of Wausau Paper

February 2, 2016 10:21 am
By
0 Comments
Uncategorized
(Stockholm, January 26, 2016) SCA announced that its acquisition of Wausau Paper, a leading North American Away-from-Home Tissue Company, closed for the total consideration of USD 513 million in cash. The deal was previously announced in October of 2015. SCA will consolidate Wausau Paper as of January 21, 2016. “SCA is the world’s leading supplier of Away-from-Home tissue with the global brand Tork. This acquisition is an excellent strategic fit and makes us a stronger supplier in North America. The acquisition Read More...

Sappi Slates EUR 25 Million in Mill Upgrades for 2016

February 2, 2016 10:20 am
By
0 Comments
Uncategorized
(Johannesburg, S Africa, January 24, 2016) Sappi Limited has approved investments of some EUR 25 million for mill upgrades in Europe during the course of 2016. Sappi Lanaken Mill will improve the performance of its paper machine 7 (PM7) by installing a state-of-the-art film-press coater, and Sappi Kirkniemi Mill will undergo a variety of modifications to its paper machine 3 (PM3) to increase energy efficiency and further improve quality consistency. All work will be completed by the end of calendar Read More...

R&D: Developing new opportunities for digital printing papers

February 2, 2016 10:19 am
By
0 Comments
Uncategorized
(Canada, January 28, 2016) Research conducted at FPInnovations laboratories has led to the development of new, glossy coating formulations that will allow the use of lightweight coated papers on commercial web inkjet printing presses. A successful large-scale plant trial in collaboration with a member company has recently been conducted, which allowed evaluation of this new coated paper on a commercial web inkjet press. Indeed, FPInnovations has been working extensively in the past three years to expand the use of lightweight Read More...

Verso Reaches Agreement with Certain Creditors on Terms of Plan of Reorganization and DIP Financing

February 2, 2016 10:13 am
By
0 Comments
Uncategorized
(New York, January 26, 2016) Verso Corporation (VRSZ) today (Jan. 27) announced that it has finalized a restructuring support agreement (RSA) with creditors holding at least a majority in principal amount of substantially all tranches of funded debt of Verso and its subsidiaries in connection with Verso’s filing for Chapter 11 protection in the United States Bankruptcy Court in the District of Delaware yesterday. Verso also announced that it has finalized, subject to approval by the bankruptcy court, a debtor-in-possession Read More...

USA: Verso Corporation files for Chapter 11

February 2, 2016 10:12 am
By
0 Comments
Uncategorized
(New York, January 27, 2016) Verso Coporation has entered Chapter 11 bankruptcy proceedings. The company is struggling with declining demand for its products and financial difficulties as a result. US pulp and paper producer Verso Corporation is in financial difficulties. The company announced that, together with its subsidiaries, it had filed voluntary petitions with the Bankruptcy Court in the district of Delaware to reorganise under Chapter 11 of the US Bankruptcy Code. Verso expects that the measure will have virtually Read More...

Andritz to supply two tissue machines to Guizhou Chitianhua in China

February 2, 2016 10:11 am
By
0 Comments
Tissue
(Graz, Austria, January 26, 2016) Andritz said that it has received an order from Guizhou Chitianhua to supply two tissue machines (TM5, TM6) with steel Yankees for a mill in Chishui city, Guizhou Province, China for the production of high-quality facial wipes, toilet paper, and handkerchief paper. The new PrimeLineST tissue machines have a design speed of 2,000 meters per minute and a paper width of 5.6 meters. According to Andritz, the machines of this type are currently unique on the Read More...

Five key trends driving evolution of world fluff pulp market; global fluff pulp market set to remain buoyant, even as it undergoes progressive changes, as per Smithers Pira report

February 2, 2016 9:48 am
By
0 Comments
Pulp
(London, UK, February 02, 2016) In its new report “The Future of Global Fluff Pulp to 2020”, Smithers charts how the 6.0 million air dried tonnes of fluff pulp that was produced in 2015, is projected to increase to 7.3 million air dried tonnes in 2020. Total global sales of fluff pulp in 2015 were $4.5 billion (€4.2 billion); up from $3.9 billion in 2010. This is projected to grow to $5.0 billion in 2020. This healthy expansion is taking Read More...
© 2009 Vital. All Rights Reserved.
Loading...