Monthly Archives: January 2017
Munksjö’s and Ahlstrom’s Extraordinary General Meetings Result in Approval of Merger
(Helsinki, January 11, 2017) Extraordinary General Meetings (EGM) were held today in Helsinki by both Munksjö Oyj and Ahlstrom Corporation regarding approval of the combination of the two companies. The EGMs agreed to approve the combination of Munksjö’s and Ahlstrom’s business operations through a statutory absorption merger of Ahlstrom into Munksjö pursuant to the Finnish Companies Act and approve the merger plan.
The completion of the combination is subject to, among other things, merger control approvals from relevant competition authorities.
The Read More...
Link: Singapore Environment Council announces tougher eco-label for paper
(Singapore, 12 January 2017) The Singapore Environment Council (SEC), the non-profit organisation behind the country’s most prominent eco-certification scheme, on Tuesday unveiled what it calls “some of the world’s toughest environmental standards” for sustainable pulp and paper products.
The Singapore Green Labelling Scheme’s (SGLS) enhanced pulp and paper criteria, which SEC developed in collaboration with consulting giant Deloitte, features new requirements such as peatland protection and fire management....
The enhanced criteria, which was developed in the aftermath of the [Indonesia] Read More...
Link: Brazilian pulp firm Fibria drops controversial covenant language
(New York, Jan 11) Brazilian pulp and paper company Fibria dropped controversial language on a 10-year Green bond on Wednesday amid strong investor pushback, sources told IFR.
Fibria was one of several companies this week to drop the aggressive terms, which make it easier for borrowers to breach covenants without offering investors compensation.
Fibria’s Treasurer Marcelo Habibe told IFR that lawyers had suggested including the new language as part of the “natural process of improvement in the documentation for investment grade Read More...
Link: the latest from Apple, “a paper bag”
(UK, January 09, 2016) Apple has patented remotely disabling iPhone cameras; Gear VR-style headsets; watch-controlled photography. Now it’s gone one step further, and applied to patent a paper bag….
The innovation, in this case, is how Apple intends to hold the bag together with such a high proportion of recycled material....
To read complete article Go To: https://www.theguardian.com/technology/2016/sep/20/apple-patent-recycled-paper-bag
To read the patent notice Go To U.S Patent & Trademark office: “A paper bag is disclosed….” (Source: The Guardian)
Cover Image: Apple’s new Read More...
Growth in Consumer Markets Driving Sack and Kraft Paper Market to $80 Billion by 2021
(Dublin, Jan. 5, 2017) Steady growth in consumer markets will buoy the sack and kraft paper industry to produce growth of around 3% per annum for 2016-2021, according to the latest exclusive data from Smithers Pira. This will push global market value to $80 billion in 2021, up from $66 billion in 2016.
Smithers Pira’s new report, The Future of Sack and Kraft Paper to 2021, identifies how expansion is being driven by numerous factors -- like the demand for Read More...
Nippon Paper to build a demonstration plant for CNF-reinforced resin
(Tokyo, Japan, Jan 05, 2017) Nippon Paper Industries (NPI) to build a demonstration plant at Fuji Mill in Japan to promote practical applications of CNF-reinforced resin. CNF-reinforced resin is obtained by mixing CNF into resin, such as polypropylene (PP), polyethylene (PE), and nylon.
The facility is scheduled to start its operation in June 2017. The annual production of CNF-reinforced resin will be more than 10 tons. Samples will be provided for various area of industries, including automobiles, building materials, and Read More...
Poll uncovers lack of understanding about food contaminated corrugated cardboard
(UK, Jan. 05, 2017) According to new research commissioned by the Confederation of Paper Industries Research (CPI) has revealed that when asked to choose who is most responsible for ensuring that recyclable packaging from the home is of good enough quality to be recycled, 45% of respondents said the onus was on the household, while 38% believed that it was down to the packaging manufacturers or the reprocessors of recyclable material, with a further 8% believing it should be Read More...
KaMin LLC Hikes Price for Industrial Hydrous Kaolin Clays
(Macon, GA, USA, Jan. 6, 2017) KaMin LLC announced that it will increase prices for hydrous kaolin clay products for the global industrial market 6-8%, effective January 1, 2017 or as contracts allow.
“This price increase is necessary to ensure our long term sustainability,” stated Mark Gillespie, Vice President of Commercial. “KaMin has invested heavily during the past four years, ensuring our long term commitment to the paper industry. These increases are necessary to enable us to meet our commitment Read More...
European Common Footprint for Corrugated Trays adds “Quality” to Packaging Standard
(Brussels, Belgium, Jan. 4, 2017) The European Federation of Corrugated Board Manufacturers (FEFCO) has published information about a recent modification to the Common Footprint (CF) standard for corrugated packaging trays used for fruits and vegetables. The new CFQ standard adds a new dimension to CF: Q for QUALITY.
“With CFQ, FEFCO and the national organisations have created a standard that takes into account both the produce to be packed and the distance it travels,” said Angelika Christ, Secretary General of Read More...
Madison Paper Industries Mill Assets Sold to Investor Group
(New York, Dec. 30, 2016) A Joint Venture of New Mill Capital Holdings of New York, Perry Videx of Hainesport, New Jersey and Infinity Asset Solutions of Toronto has acquired the mill assets of Madison Paper Industries from UPM-Kymmene Inc. and Northern SC Paper Corp. The acquisition includes the real estate of the main paper mill site as well as all mill equipment.
“We are excited to be the new owners of the Madison mill and look forward to working Read More...
Packaging Coatings Market to Reach 60 Million Gallons in 2020
(Cleveland, Jan. 2, 2017) According to a new study from The Freedonia Group -- Manufacturing (OEM) Coatings Market in the US -- through 2020, the market for packaging coatings is expected to increase 1.9 percent per year to 60 million gallons. Gains will represent a strong acceleration in growth compared with the 2010-2015 performance, in which demand was nearly flat.
Demand for packaging coatings will match gains in packaging shipments through 2020, although coating requirements will be limited to some Read More...
Stora Enso Divests Packaging Machine Producer Formeca in Finland
(Helsinki, Finland, Jan. 2, 2017) Stora Enso today announced the divestment of its 100% shareholding in its Finnish subsidiary Formeca Oy, a provider of high-quality machines for automated packaging lines, to Amitec Oy, an engineering and machine construction company based in Finland.
Following this transaction, Stora Enso will become a reseller of Formeca machines and retain the ability to support and consult customers on packaging automation solutions.
“Supported by Amitec’s dedicated competence in this field, Stora Enso will be able to Read More...
Romanian group to re-launch paper manufacturer
(Bucharest, Romania, Jan. 02, 2017) Romania’s industrial group Chimcomplex Borzeşti has purchased the assets of insolvent pulp and paper producer Someș Dej and aims to resume manufacturing activities at the plant.
Someș Dej owns production facilities located on a total surface of some 40,000 square metres, according to data obtained by local news site Focus-energetic.ro. Under the plan, the manufacturer is to increase its workforce to about 400 employees. The amount of the investment was not disclosed.
In 2013, production was Read More...
Ahlstrom completes the divestment of its Osnabrück plant
(Helsinki, Jan 04, 2017) Ahlstrom has completed the sale of its German subsidiary with operations in Osnabrück to Kämmerer Paper Holding GmbH.
The parties have agreed not to disclose the purchase price of the transaction.
Ahlstrom produces base papers for wallcovers, poster papers as well as release liners for self-adhesive labels at the Osnabrück plant, which is part of the Filtration & Performance business area. (Source: press release)
Read More...
Office Depot completes divestment of its European operations; will focus on opportunities in its North American business
(Gernsbach, Germany, Jan. 04, 2017) US office supplies and services company Office Depot has recently completed the announced sale of its European operations to Aurelius Equity Opportunities. According to Euwid, the transaction was structured as an equity sale, for nominal consideration, with the buyer acquiring Office Depot’s European business with its assets and liabilities.
Office Depot Europe operates in 14 European countries with a staff of approximately 6,000.
According to Office Depot, the transaction is part of the company’s recently Read More...