Monthly Archives: September 2016
Hungary’s UgrinPack to expand, modernize plant
(Budapest, August 29, 2016) Hungary-based cardboard packaging maker Dunapack Kft has secured an investment grant of about HUF 760 million (€2.5 million) with the aim to modernize its output capacity.
Dunapack’s Hungarian offshoot operates factories in Budapest, Du-naújváros and Nyíregyháza. The funds were allocated by the European Union, and distributed among local companies and research entities by the state-run National Research Development and Innovation Office (NKFIH).
The programme will allow to co-fund a total of 247 innovative projects by Hungarian businesses Read More...
Supremex acquired Bowers Envelope Company
(USA, Sept. 01, 2016) Supremex Inc. has acquired substantially all of the assets of Bowers Envelope Company Inc., a manufacturer and printer of envelopes based in Indianapolis, Indiana.
“This acquisition, while relatively small, aligns with our strategy to extend our reach in key markets and to expand our value added offering in packaging and specialty products,” said Stewart Emerson, President and CEO of Supremex. “Bowers Envelope is a well-known brand strategically located less than 300 kms from Chicago at ‘The Read More...
Rottneros posts its interim report January – June 2016; production volumes continuing to rise
(Sweden, September 01, 2016) Rottneros has published its interim report January – June 2016. Profit after financial items amounted to SEK 56 million (75) for the second quarter 2016 and SEK 125 million (177) for January-June.
Net turnover for the second quarter was SEK 413 million (456).
The list price for NBSK pulp over the second quarter was 7% lower in USD and 9% lower in SEK, compared to the second quarter 2015. In SEK, the price decrease was 2% compared Read More...
Nippon Paper invests in new CNF production facilities
(Tokyo, August 26, 2016) Nippon Paper Industries to install CNF mass production facilities for foods and cosmetics at the Chemical Division Gotsu Mill in Shimane, Japan. These are CNF production facilities that apply technology to produce Carboxymethyl Cellulose (CMC), which is sold as a food additive.
Nippon Paper Industries is set to invest about 1.1 billion yen ($10.9 million) on the project and 30 tons will be the initial annual production volume. The facilities will possess the ability to increase Read More...
Rottneros leads European project for bio-based packaging
(Sweden, Sept. 01, 2016) Rottneros Packaging AB and Rottneros Bruk AB are participating in a new project, PULPACKTION, to develop completely bio-based packaging trays.
PULPACKTION is a project funded by the Bio Based Industries Joint Undertaking within Horizon 2020, the EU program for research and innovation, and involves 12 partners within the Union. The total scope of the project is just under SEK 120 million and is financed to 74 percent by the EU. Rottneros, with its vast expertise in Read More...
BIR World Mirror on Recovered Paper / Quarterly Report – July 2016
(Amsterdam, July 18, 2016) International Markets with a focus on Asia
Global uncertainties continue to dampen growth and weaken demand for recyclables, which is also contributing to an increase in unemployment levels worldwide. Weak consumption has meant increasing stocks of both raw materials and finished goods, affecting both prices and profitability. The EU’s GDP of some Euro 14.63tn has also been growing at a very slow pace, with only a few member countries registering steady growth both in GDP and Read More...
Weyerhaeuser completes sale of liquid packaging board business
(USA, Sept. 01, 2016) Weyerhaeuser has 280,000 tons of liquid packaging board capacity at Longview, WA. Goes to Nippon Paper for $285 million
Weyerhaeuser Company announced the completion of the sale of its liquid packaging board business to Nippon Paper Industries Co., Ltd. for $285 million in cash. Weyerhaeuser expects to use a substantial portion of the approximately $225 million of after-tax proceeds for repayment of debt. The liquid packaging board business consists of one mill located in Longview, Washington, Read More...