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 […]
Tag Archives: corrugated packaging
02
Dec
Dec
Stora Enso announced today that it has received regulatory approval from the EU Commission to proceed with the acquisition of De Jong Packaging Group. Closure of the transaction is still ongoing and expected to be finalised at the beginning of 2023. Stora Enso first announced its intention to acquire De Jong Packaging in September (see […]
News
Pratt Industries to Invest $5 Billion in Recycling, Clean Energy Infrastructure and Manufacturing Jobs in USA over Next 10 Years
23
Nov
Nov
Pratt Industries executive chairman, Anthony Pratt, has pledged to invest $5 billion in U.S. recycling and clean energy infrastructure to create 5000 American manufacturing jobs over the next 10 years. Anthony Pratt made the pledge — his largest ever commitment — to Caroline Kennedy, the U.S. Ambassador to Australia, at a recent black tie event […]
06
Nov
Nov
Shandong Jinthiane Paper Industry Co., Ltd signed a contract with A.Celli Paper marked the beginning of the business relationship between the two realities. The new E-WIND® P100 paper rewinder object of the supply will be used to process jumbo rolls of 170-400 gsm white coated board with a diameter of 4000 mm and a width […]
28
Oct
Oct
China’s economy recovered and showed sound momentum in the 3Q, notably better than the 2Q. The production and demands continued to improve, and employment and prices were generally stable. The national economy was generally performing within an appropriate range, according to the National Bureau of Statistics of China. According to preliminary estimates, the gross domestic […]
22
Oct
Oct
Rengo Co., Ltd. announces that its consolidated subsidiaries, Kato Danboru Co., Ltd.’s Noda Plant and Sanwa Danboru Co., Ltd., have decided to cease operation of their outdated corrugators and remove them at the end of September 2022. The aim of these removals is to optimize the corrugated board production and supply system for the Rengo Group […]
News
Paper Excellence Announces Indefinite Curtailment of Crofton Paper Mill Operations due to low demand from china & high costs
14
Oct
Oct
Paper Excellence announced the indefinite curtailment of its paper operations at the Catalyst Crofton facility on Vancouver Island in British Columbia, starting in early December 2022. Paper Excellence explained that paper markets in China served by the mill have significantly weakened while there have been substantial cost escalations for chemicals, energy, and wood fiber used […]
10
Oct
Oct
Mondi confirms that all conditions have been satisfied and completes merger of Mondi Tire Kutsan Kağıt ve Ambalaj Sanayi a.ş. and Mondi Olmuksan Kağıt ve Ambalaj Sanayi Anonim Şirketi. Mondi currently holds 84.65% of the shares of Mondi Turkey Oluklu Mukavva Kağıt ve Ambalaj Sanayi A.Ş. The new entity Mondi Turkey Oluklu Mukavva Kağıt ve Ambalaj […]
09
Sep
Sep
Stora Enso acquires De Jong Packaging Group, based in the Netherlands, for an enterprise value of approximately EUR 1,020 million. This acquisition will advance Stora Enso’s strategic direction, accelerate revenue growth and build market share in renewable packaging in Europe. De Jong Packaging Group is one of the largest corrugated packaging producers in the Benelux […]
06
Sep
Sep
Huhtamaki has sold its operations in Russia to Espetina Ltd. Espetina is a holding company owned by Alexander Govor and Iury Kushnerov. The transaction includes four manufacturing units in Russia, employing 724 people. On April 14, 2022, Huhtamaki announced its intention to divest its operations in Russia. This followed an earlier decision to stop all […]