Tag Archives: box

Drax Group to acquire 90,000 tonnes pellet plant in Princeton, Canada

Drax Group has signed an agreement with Princeton Standard Pellet Corporation (PSPC) to acquire its pellet plant in Princeton, British Columbia, Canada. The plant, which has been operating since 1995, has the capacity to produce 90,000 tonnes of wood pellets a year, primarily from sawmill residues. Around half of the output from the plant is currently […]

Latvijas Finieris invests Euro 67 million to double birch plywood production

The management of Latvijas Finieris has decided to launch an expansion project of RSEZ SIA Verems, Latvijas Finieris Group, in Rezekne district, Latvia. The mill’s existing birch plywood production capacity will be doubled, high-added value products will be developed and approximately 70 workplaces will be created. The expected amount of investment exceeds Euro 67 million […]

Canada issued statement on softwood lumber final ruling

Katrine Conroy, Minister of Forests; Ravi Kahlon, Minister of Jobs, Economic Recovery and Innovation; and George Chow, Minister of State for Trade, have issued the following joint statement in response to the U.S. Department of Commerce’s final determination in its third administrative review regarding countervailing and anti-dumping duties applied to Canada’s softwood lumber exports to […]

Ponsse changes performance guidance for 2022

Ponsse changes performance guidance for 2022. The company’s euro-denominated operating result in 2022 is expected to be on a par with the comparable operating result of its continuing operations in 2021 (Euro 50 million, 8.2% of net sales). The company’s relative profitability is expected to decrease significantly, however, due to divesting its Russian business, difficulties in the availability […]

Pratt Industries to Open Corrugated Box Plant and Innovation Center in Texas

In April, the Cedar Hill City Council approved an agreement with Pratt Industries, Inc. (through its wholly-owned subsidiary, Pratt Corrugated Holdings, Inc.) to locate a Regional Manufacturing & Innovation Center at High Point 67 in Cedar Hill, Texas. The Pratt facility will manufacture corrugated boxes and custom packaging solutions and employ 150 full-time workers. “We’re […]

Total U.S. Containerboard Production Increased Two Percent in Q2 2022

The American Forest & Paper Association (AF&PA) has released its Q2 2022 Containerboard Quarterly report. According to the report, total containerboard production in Q2 increased 2% compared to Q2 2021. It was also up 2% when compared to the same 6 months of 2021. New supply of containerboard (domestic production plus imports) was essentially flat […]

U.S. company launches new paper former

New product U.S. company BMG has unveiled the launch of the QuadPro paper former which the manufacturer says provides the industry’s highest production output and lowest scrap rate with the use of a patent-pending, continuous forming process.   “This innovative system is the product of cooperation among three BMG companies, Brown Machine, Freeman Tooling and NAS Nalle […]

Hiab launches next generation of Loglift forestry cranes

Hiab, part of Cargotec, launches the next generation of Loglift forestry cranes with greater and safer performance, and improved uptime. The first crane available to order is the Z boom crane Loglift 18Z with a max outreach of 10.4 metres and a max lifting capacity of 18 tonne metre ™. “Our next generation of Loglift […]

Elopak to sell Russian operations to local management and exit market

Following Elopak’s decision to suspend operations in Russia in March 2022 the company undertook a thorough review of all possible options available. On this basis it has today reached an agreement to divest its Russian business (JSC Elopak) to local management, selling 100% of its shares. As of today, operational activities of the Russian business shall […]

De Jong Packaging Group acquires Wellpappenfabrik GmbH in Germany

The Wellpappenfabrik GmbH in Grünstadt-Sausenheim (WSG) and Dutch De Jong Packaging Group (DJPG) from De Lier have come to a strategic partnership. DJPG has acquired a majority share of WSG which will keep the control over the daily operations. Because of the acquisition DJPG will strengthen its position on the German market and WSG will […]