Tag Archives: Tennessee

International Paper completes sale of ownership interest in Ilim joint venture

International Paper announced that it has completed the sale of its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) in cash. In addition, the Company completed the sale of its outstanding shares in JSC Ilim Group to its JV partners for $24MM […]

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 […]

Hood Container acquires Sustainable Printing LLC

Hood Container Corporation has acquired the corrugated packaging business of Dalton, Georgia based Sustainable Printing LLC. The transaction includes all printing, converting, and ancillary equipment located in Dalton. Hood will continue operating these assets in the current facility. These assets complement Hood Container’s Southeastern footprint creating greater corrugated capacity and enhanced production capabilities in the […]

Sylvamo Names Tatiana Kalman as Senior Vice President and General Manager, Latin America

Sylvamo is announcing a senior leadership change for its Latin America division. Tatiana Kalman has been elected senior vice president and general manager, Latin America, effective June 1. Kalman joins Sylvamo from BASF, most recently serving as managing director and senior vice president, Business Unit Personal Care Europe. “We welcome Tatiana to our company. She will […]

Sylvamo Announces Senior Leadership Changes

Sylvamo has announced senior leadership changes effective July 1. Greg Gibson, senior vice president and general manager, North America, will be elected senior vice president, Commercial Excellence, until his retirement March 31, 2024. Gibson joined the industry in 1982 and has served in various sales, marketing, general management and senior leadership roles in North America […]

Sylvamo Completes Sale of Russian Operations for $420 Million

Sylvamo announced it reached an agreement and completed the sale of its Russian operations to Pulp Invest Limited Liability Company for $420 million. After foreign currency exchange rates and transaction fees, Sylvamo received approximately $390 million in cash proceeds. “We made a principle-based decision to exit Russia and believe Pulp Invest is the best option […]

Georgia-Pacific Investing Over $20 Million in Its Lebanon, TN Corrugated Box Plant

Georgia-Pacific is making a significant investment of more than $20 million at its plant in Lebanon, Tennessee. Its existing corrugator will be replaced with a new one to provide the plant with more throughput and provide customers with a better-quality product. “This is as much an investment in our current and future customers as it […]

Resolute announces indefinite idling of its Calhoun pulp and paper mill

Resolute Forest Products recently announced the indefinite idling of pulp and paper operations at its Calhoun (Tennessee) mill. Tissue manufacturing and converting will continue at the site and the adjacent distribution center will remain in full operation. The company anticipates that the decision will directly affect 350 hourly and salaried positions at the Calhoun mill. […]

Resolute announces indefinite idling of its Calhoun pulp and paper mill

Resolute Forest Products recently announced the indefinite idling of pulp and paper operations at its Calhoun (Tennessee) mill. Tissue manufacturing and converting will continue at the site and the adjacent distribution center will remain in full operation. The company anticipates that the decision will directly affect 350 hourly and salaried positions at the Calhoun mill. […]

Leading forestry and paper companies worldwide in 2020 by net income & revenue

Nine Dragons Paper, a paper manufacturing company headquartered in Hong Kong, had the highest net income of any forestry and paper company worldwide in 2020, at 911 million U.S. dollars. This was followed by the British multinational packaging and paper group Mondi, which had net earnings of 848 million U.S. dollars. Based on revenue, International […]