Tag Archives: containerboard mill

Stora Enso Announces Restructuring Measures, Including Closures and Employee Cuts

Stora Enso is planning to restructure actions to strengthen the Group’s long-term competitiveness, improve profitability and focus capital allocation in strategic growth markets. Stora Enso is also taking the next step in driving a decentralised operating model targeting increased customer centricity, business focus and cost reductions. The planned restructuring actions, combined with previously initiated negotiations […]

Russian authorities reject sale of Mondi Syktyvkar mill for Euro 1.5 billion

The Russian authorities have not approved the sale of Mondi’s Syktyvkar mill in the Komi Republic, Russia. A possible reason is too high a transaction price. The Syktyvkar assets were planned to be sold to Augment  Investments Limited for RUB 95 billion (Euro 1.5 billion). Augment is an investment vehicle majority owned by Viktor Kharitonin, comprising […]

SCA to increase kraftliner prices by €100 per tonne

SCA increases the prices on white and brown kraftliner in Europe by €100 per tonne. The new price is valid from April 1, 2022. – We see good demand in the market for kraftliner while supply is limited. Increased costs are evident and must be managed in order to safeguard stable supply of sustainable kraftliner, […]

Rengo to build new containerboard mill in Vietnam

Rengo Co., Ltd. announces that Vina Kraft Paper Co., Ltd., its joint venture in Vietnam, has decided to construct a new production base for containerboard. The total annual demand for containerboard in Vietnam is approximately 3 million tons (2019), and it is expected to grow at an annual rate of 6-7% due to continuing foreign […]

Smurfit Kappa agrees to acquire recycled containerboard mill in Italy

Smurfit Kappa Group plc has acquired Verzuolo, a containerboard business in Northern Italy, for a cash consideration of €360 million. The Verzuolo mill owned by the Burgo Group, is situated close to the port of Savona in the northwest of Italy. The PM9 machine was newly constructed in 2002 and converted into a 600,000 tonne […]