Monthly Archives: December 2017
International Paper Reports Third Quarter 2017 Earnings
(USA, Oct. 25, 2017) International Paper (NYSE: IP) today reported third quarter 2017 net earnings attributable to International Paper of $395 million or $0.95 per share compared with net earnings of $80 million or $0.19 per share for the second quarter of 2017 and net earnings of $312 million or $0.75 per share in the third quarter of 2016. Net earnings in all periods include the impact of special items, if any, non-operating pension expense and discontinued operations.
Adjusted operating Read More...
Green Bay Packaging Announces Plans for the Construction of a New Containerboard Machine
(USA, Dec. 1, 2017) Green Bay Packaging (GBP) announced that it is in the first phase of evaluating construction of a new, recycled containerboard machine at its containerboard mill in Green Bay, Wisconsin.
According to the company, the new machine would have a trim width of 220 inches and replace an existing machine with a trim width of 164 inches that was built in 1950.
GBP anticipates the new machine to be operational in 2020. The investment would increase GBP’s recycled Read More...
Stora Enso to Invest EUR 94 Million at Its Enocell and Imatra Pulp Operations
(Helsinki, Oct. 25, 2017) Stora Enso today announced that it will invest EUR 94 million to grow in renewable materials and to increase competitiveness in consumer board and biomaterials. EUR 52 million will be invested to increase the dissolving pulp production capacity at Enocell Mill and EUR 42 million to enhance the availability of the chemi-thermomechanical pulp (CTMP) at Imatra Mills. Both mills are located in Finland.
“We continue to drive our transformation to a renewable materials growth company. While Read More...
Södra Invests in More Forestry Drones
(Sweden, Nov. 27, 2017) Södra is now investing in more forestry drones. This digital technology speeds up the work of field staff at the same time as it makes it more comprehensive and safer.
“We have identified numerous applications where drones can enhance the efficiency of forestry work, not least when making inventories of storm-damaged forests. By purchasing equipment and investing in raising skills, we are taking another step towards the development of tomorrow’s digital forestry operations,” said Johan Malmqvist, Read More...