Tag Archives: EBITDA

Weyerhaeuser to enhance southern timberlands portfolio

Weyerhaeuser Company recently announced it has entered into two distinct agreements with Forest Investment Associates to divest approximately 69,600 acres in Upstate South Carolina for $170 million, and to purchase approximately 60,700 acres of high-quality timberlands in Coastal North Carolina, South Carolina and Mississippi for $163 million. Key attributes of the transaction: Adding high-quality timberlands […]

Altri Group’s revenue decreased 38,6 per cent

Altri Group achieved total revenues of € 174.4 M in the 3Q23, a decrease of 38.6% vs 3Q22. The slowdown in the growth of global pulp demand during 2023, which resulted from a relevant destocking process in the Pulp and Paper industry and the lower dynamism of economic activity, led the Altri Group to register […]

Westrock Coffee reports 3Q profit loss

Little Rock, Ark. (November 9, 2023) – Westrock Coffee Company (Nasdaq: WEST) (“Westrock Coffee” or the “Company”) today reported financial results for the third quarter ended September 30, 2023. Scott T. Ford, CEO and Co-founder stated, “Our third quarter performance was a mix of positives and negatives, the most important, unfortunately, being the rapid fall […]

WestRock Co (WRK) Reports Fiscal Fourth Quarter and Full Year 2023 Results

WestRock Co (NYSE:WRK) announces a net income of $110 million for Q4, with adjusted net income at $210 million. Net sales reached $5.0 billion in Q4, despite a 7.7% decline from the previous year. Full-year 2023 net loss reported at $1.6 billion, with adjusted net income of $778 million and consolidated adjusted EBITDA of $3.0 […]

Suzano to Invest R$1.66 billion in new tissue paper mill

Suzano, the world’s largest producer of market pulp, announces on October 26th a series of projects aimed at expanding its installed production capacity and which will enhance its operational efficiency. It will invest R$650 million in the construction of a tissue paper mill in Espírito Santo, where it will also invest R$520 million to replace […]

AB Grigeo expands into Poland: purchases a tissue paper factory

AB Grigeo, one of the largest paper and wood industry company groups in the Baltic States, has signed a preliminary agreement for the purchase of shares regarding the acquisition of one of the factories of Głuchołaskie Zakłady Papiernicze sp. z o.o (GZP), a tissue paper and cardboard manufacturer in Poland. The company intends to acquire […]

Graphic Packaging to permanently decommission CRB machine at its Kalamazoo mill

Graphic Packaging Holding Company, a leading consumer packaging company, announced it will permanently decommission the K3 coated recycled paperboard (CRB) machine in Kalamazoo, Michigan. The K3 machine is one of three CRB machines at the Kalamazoo facility and is the company’s longest-running machine. K3 ceased operation on July 1 and today’s announcement reflects the decision […]

Sonoco completes acquisition of RTS Packaging

Sonoco Products Company announced the completion of its acquisition of the remaining equity interest in RTS Packaging, LLC from joint venture partner WestRock and one WestRock paper mill in Chattanooga, Tennessee. The acquisition will further strengthen and expand Sonoco’s 100% recycled fiber-based packaging solutions to serve growing consumer wine, spirits, food, beauty and healthcare markets. Prior to closing the transaction, Sonoco was a […]

Nordic Paper decides on strategic investments for Bäckhammar

The Board of Directors of Nordic Paper has today decided to invest approximately SEK 850 m at the Bäckhammar mill. The investment will further improve sustainability performance and strengthen the competitiveness of the plant. An important component of the investment is a new wood room providing for both strategic flexibility in raw material sourcing and […]

Rayonier Advanced Materials reports Q2 net loss of $17 million

Rayonier Advanced Materials Inc. (RYAM) reported a net loss of $17 million, or $(0.26) per diluted share, for the quarter ended July 1, 2023, compared to a net loss of $23 million, or $(0.36) per diluted share, for the prior year quarter. Loss from continuing operations for the quarter ended July 1, 2023 was $16 million, or $(0.24) per diluted share, compared to a loss from continuing operations […]