Tag Archives: corrugate news

Stora Enso to Sell Hylte Newsprint Mill to Sweden Timber for EUR 18 Million

Stora Enso has signed an agreement to divest its paper mill in Hylte, Sweden, and all its related assets to Sweden Timber, a Sweden-based sawmill and planning mill company. The enterprise value is approximately EUR 18 million. The Hylte Mill in southwest Sweden is one of the largest newsprint mills in the world, and has […]

International Paper Reaches Agreement to Sell Ownership Interest in Ilim Joint Venture

International Paper today announced that it has entered into an agreement to sell its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for US$484 million equity value. The sale is subject to regulatory approvals in Russia. This transaction indicates ~$3.5 billion in total enterprise value […]

In November, price for wood pellets exported from U.S. dips 1.0%

In November 2022, the average price for the wood pellets exported from the U.S. slipped 1.0% compared to the previous month at $174 per ton, according to Analytics. The exports of wood pellets from the U.S. contracted 9% year-on-year to 694.2 thousand tonnes in November. This is 31% more than a year ago when it […]

UPM in Final Phases of Construction on Its Eucalyptus Pulp Mill in Uruguay

UPM is finalizing the construction works of the greenfield eucalyptus pulp mill in Uruguay and enters the final phases of the project. The start-up of the 2.1 million tonne/year mill near Paso de los Toros is expected by the end of the first quarter of 2023. While the project work continues intensively, the finalization of […]

Pioneering sustainable packaging technology with PulPac

Recently Stora Enso became a shareholder of PulPac, a Swedish sustainable packaging technology company working to establish Dry Molded Fiber as the next global standard for sustainable packaging, replacing single-use plastics with circular fiber solutions. Dry molding of fibers is a process that uses dry raw materials, while wet molding involves mixing pulp in water […]

Toscotec starts up two tissue machine rebuilds in North and South America on the same day

Toscotec has started up two tissue machine rebuilds at the production facilities of two major producers in North and South America. On both projects, the scope of the modifications was extensive, covering the wet and dry sections of the two lines. The tight periods of machine stops have been executed according to schedule.   Andrea Paganucci, […]

PCA Temporarily Idles Paper Mill in Jackson, Alabama

The Packaging Corporation of America (PCA) paper mill in Jackson announced to its employees last week a layoff of virtually all of its 400-plus workers and a temporary idling of the mill. PCA issued this brief statement through the Jackson mill: “Due to economic conditions and lower demand for our products, we have temporarily laid […]

Valmet acquires NovaTech Automation’s Process Solutions business

Valmet entered into an agreement on November 9th to acquire the U.S.-based NovaTech Automation’s Process Solutions business. The value of the acquisition will not be disclosed. The acquisition is estimated to be completed on January 1st, 2023 at the earliest. NovaTech Automation’s Process Solutions business specializes in process control and optimization solutions for batch, continuous […]

Atlas Holdings Acquires Crown Paper Group

Atlas Holdings announced today that it has completed the acquisition of Crown Paper Group, including Port Townsend Paper Corporation and Crown Corrugated Company, an integrated mill and containerboard operation in the Pacific Northwest and Western Canada. Terms of the transaction were not disclosed. Port Townsend Paper Corporation is a leading provider of high-quality recycled and […]

Smurfit Kappa to Invest $100 Million in New Biomass Boiler at Its Paper Mill in Yumbo, Columbia

Smurfit Kappa is investing almost USD 100 million in a sustainable biomass boiler to be installed at its Cali Mill in Yumbo, Columbia, which will reduce the company’s global Scope 1 and Scope 2 CO2 emissions by approximately 6%. Smurfit Kappa noted that it has successfully implemented biomass boilers at several other locations including the […]