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: kraftliner
10
Jan
Jan
Austrian Mayr-Melnhof Holz sold its sawmill MM-Efimovsky in Russia to Aspek-Les, according to the Unified State Register of Legal Entities of Russia. Since December 30, 2022, the owner of 100% of the shares of Mayer-Melnhof Holz Efimovsky LLC has become Aspek-Les LLC, which belongs to Mikhail Pitkevich. MM-Efimovskiy is no longer listed on the Mayr-Melnhof Holz website. The production […]
06
Jan
Jan
Ilim Group has successfully completed the first water run of the Voith XcelLine kraft linerboard machine (KLB machine) at the company’s new KLB Mill in Ust-Ilimsk, Russia. A start-up of the KLB machine is scheduled for Q2 2023. According to Ilim, individual tests of its main equipment are underway. In December (2022), the KLB Mill […]
29
Nov
Nov
Voith has successfully started up the world’s largest kraftliner machine for SCA, the Swedish forest industry company, at its Obbola site. The state-of-the-art machine features a design speed of 1,400 meters per minute and a wire width of 10,200 mm. The Voith XcelLine paper machine will produce 725,000 tons of high-quality kraftliner per year with […]
02
Nov
Nov
SCA said that it will introduce a new reporting segment — Renewable Energy — from January 1, 2023. The decision is in line with SCA’s stated ambition to grow and realize business opportunities in the renewable energy sector. SCA is one of Europe’s leading renewable energy producers. Twenty per cent of Sweden’s wind power capacity […]
News
Stora Enso to Invest EUR 1 Billion for Conversion of Idled Paper Machine at Oulu Mill to Paperboard
23
Oct
Oct
Stora Enso has decided to invest approximately EUR 1 billion to convert the remaining idle paper machine at the Group’s Oulu site in Finland into a high-volume consumer board production line. The investment supports the Group’s growth strategy in renewable packaging by providing new volume for growing packaging segments. Production on the converted machine is […]
11
Aug
Aug
Ilim Group is finalizing the construction of the largest kraftliner mill (KLB Mill) in Ust-Ilimsk, Russia. It is the first mill in the Russian pulp and paper industry to use a two-stage biological wastewater treatment system. The Ust-Ilimsk Mill will be the largest kraftliner production site in Russia with the output of 600 thousand tons of finished products […]
10
May
May
Metsä Board announced that it is exploring possibilities to increase its folding boxboard capacity in Finland or Sweden. The company said global demand for high-quality fresh fibre paperboards has grown by around 2-3% per year in recent years and is expected to continue to grow at least at the same rate in the future. Metsä […]
15
Mar
Mar
A viewpoint from Alejandro Mata, Director of European Packaging and Graphic Paper It has been almost a week since the start of the Russian invasion of Ukraine. For many of us, the sheer shock of what is happening makes us realize how fragile our way of living is, and how fast things can change. Without minimizing the suffering […]
30
Dec
Dec
Stora Enso invests EUR 23 million for increasing flexibility and capacity at the Varkaus containerboard mill, resulting also in expanded capacity of using recycled fiber. Preparatory work on the investment will commence immediately. Investment will be completed in the end of 2022. Stora Enso invests EUR 23 million in the Varkaus containerboard site. The aim […]