News & Events
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...
Valmet to Supply White Liquor Pressure Disc Filter to Daio Paper in Japan
(Helsinki, Finland, Jan. 2, 2017) Valmet said that it will deliver a white liquor pressure disc filter to Daio Paper Co. Ltd’s Mishima pulp mill in Japan. The new filter is scheduled to start-up in September, 2017.
The value of this kind of an order is typically less than EUR 5 million, Valmet said.
“Daio Paper planned for a new white liquor filter to be installed in parallel with the existing two lines of white liquor filters. This investment is done Read More...
ArborGen and International Paper Brazil expand eucalyptus sales and development agreement
(Brazil, Jan. 4, 2017) ArborGen, a world leader in the development and commercialization of technologies that improve the productivity of trees, announced today that it is expanding its agreement with International Paper Brazil by granting ArborGen additional access to IP’s Eucalyptus germplasm. This will allow an increased effort to develop and sell new varieties of seedlings with improved traits and capable of being grown in regions of Brazil where there is growing interest in Eucalyptus plantations.
Since 2013 when the Read More...
Brazil’s Export Volumes of Pulp, Paper and Wood Panels Continued to Climb thru November 2016
(Brazil, Dec. 27, 2016) The Brazilian Tree Industry (Ibá) concluded its analysis of its forestry sector with the compilation of data through November. During the first eleven months of 2016, export volume for the three analyzed segments -- pulp, paper, and wood panels -- evolved in comparison with the same period last year and contributed to the positive trade balance in the sector, which has reached US$ 6 billion (+2.3%). Pulp made a positive contribution with US$4.7 billion (-0.1%), Read More...
Improving market fundamentals for HW pulp; a tight market to support price hikes
(02 Dec 2016) PPPC [Pulp & Paper Products Council] stats for hardwood pulp for the month of November show improved market fundamentals. After several months of contraction, November saw a 90% increase in operating rates increased (up from 77%), inventories down 1 day and shipments +5% y/y.
As per the PPPC report, “total shipments were up 4% y/y, with shipments to China up 15% y/y and Europe once again delivering growth of 1% y/y after several months in the red. Read More...
Link: Chinese Firm to Build Pulp and Paper Factory in Ethiopia
(Addis Ababa, Ethiopia, December 27, 2016) A newly-established joint venture Purewood Pulp, Paper and Packaging PLC is said to have invested USD 60 million to set up a manufacturing plant on a 68,000sqm plot located inside the Eastern Industry Zone, the first Chinese built and owned industrial park in Ethiopia.
The new pulp factory will have an installed capacity of manufacturing 10,000 tons of toilet paper, 15,000 tons of Kraft paper and 7,500 tons of cartons per year. The mill Read More...
Paprinsa goes ahead with €13.5 million investment programme
(Spain, 19 Dec 2016) Spanish WLC board manufacturer Papelera del Principado (Paprinsa) will launch the second phase of its investment programme to upgrade the board machine at the Mollerussa mill.
According to the Paprinsa management, the machine has been idled on 17 December and is scheduled to resume production on 9 January. Among other things, Paprinsa will install a new coater. The measures, including the upgrades implemented in August 2016, aim at increasing capacity to 125,000 tpy, improving board quality, Read More...
The Ahlstrom Munksjö merger: Syndication of financing related to merger concluded
(Stockholm, Dec. 27, 2016) As announced on November 7, 2016, the Boards of Directors of Ahlstrom Corporation and Munksjö Oyj have agreed on combining the two companies through a statutory absorption merger. The combination is expected to be completed in the beginning of the second quarter of 2017 subject to, among other things, approval by the shareholders of the two companies.
Munksjö has published a press release announcing that it has on December 23, 2016 concluded the syndication of the Read More...
Global Dissolving Pulp (DP) Market Nov. 2016 review – “DP prices drop in November; Import of DWP to China still down by 5% first ten months of 2016”
Dissolving Pulp (DP) Market Summary:
• We have all been waiting for the drop in dissolving pulp (DP) prices as Viscose Staple Fiber (VSF) prices have fallen by 12-13% the last month, and end of November/beginning of December we saw prices decreased by 7-8% to USD 930-920. We hope the price drop has stopped as VSF prices have stabilized the last few weeks.
• Price for softwood (SW) decreased to USD 970 –1.000.
• Import of dissolving pulp decreased by 5% the first 10 months Read More...
Lenzing invests in new Tencel fiber plant in the USA
(Austria, December 23, 2016) The Lenzing Group aims to increase the share of specialty fibers as a percentage of revenue to 50% by 2020. The Supervisory Board of Lenzing AG approved the investment for a TENCEL® fiber plant in the USA.
Lenzing now plans to construct a state-of-the-art plant with a production capacity of 90,000 tons per year at its site in Mobile, Alabama. The new facility will be the largest Tencel fiber plant in the world, it will set Read More...