Tag Archives: e-commerce and industrial packaging

International Paper reports Q2 net earnings of $235 million

International Paper (IP) reported Q2 2023 financial results. Net earnings were $235 million ($0.68 per diluted share), Adjusted operating earnings were $204 million ($0.59 per diluted share). “In the Q2, the operations of International Paper continued to run well and we managed our businesses effectively in a challenging demand environment,” said Mark Sutton, Chairman and CEO. “We continued to advance our Building […]

Stora Enso Received Approval for the Acquisition of De Jong Packaging Group

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 […]

Cascades Temporarily Shutdowns Tissue Machine at St. Helens, Oregon Mill

Cascades said that it is temporarily shutting down one of its two tissue paper machines at its St. Helens, Oregon facility due to structural issues of the building housing the machine. In a press release, Cascades said, “Following inspections carried out as part of its annual maintenance shutdown which began on September 11, it was […]

Stora Enso Acquires Dutch Company De Jong Packaging Group for EUR 1.02 Billion

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 […]