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Kemira increases prices of key sizing chemicals for paper and board industry globally - on PaperFIRST app

Kemira, a global chemicals company serving customers in pulp & paper and other water intensive industries, announces price increases of 10-25% across its main sizing product lines and FennoSize-products.
The price adjustments of the AKD-wax and -emulsions result from a challenging raw material situation and increased costs within the AKD-wax supply chain. The price increases of the ASA-sizes are driven mainly by increased raw material costs and tight olefin supply globally. Olefins are the main raw material of the ASA-products.
The price increases of the sizing agents will become effective on January 1st, 2018 or as contracts and other conditions allow and will be implemented globally.

2017-12-08  READ MORE...
EIB supports SCA’s energy efficiency and forestry investments

The European Investment Bank and Svenska Cellulosa Aktiebolaget (SCA) have signed a EUR 150m loan agreement. The EIB financing will support renewable energy and energy efficiency measures in a pulp mill in Timrå, Sweden, the regeneration and replanting of 68 000 ha of forest – almost three times the area of Stockholm – and the construction of 4 250 km of forest roads. The project is expected to create more than 650 new jobs in the rural economy around the mill and will enable SCA to increase its production in an environmentally sustainable way to meet the growing demand for renewable forest products.

EIB Vice-President Alexander Stubb, responsible for EIB operations in Northern European countries, said : “Our loan to SCA, a major European producer of forest products, will not only decrease the ecological footprint of the pulp, wood and paper products, it will also help to make the market pulp mill energy self-sufficient and to plant thousands of trees. With all eyes on COP23 currently, this is a project that really demonstrates the EIB’s firm commitment to climate-related investment.”

New, advanced process technologies will be installed at the pulp mill in Timrå, resulting in substantial energy efficiency gains. Additionally, the mill will be able to make use of renewable resources, like bark and by-products from the production process, for its energy generation, including both power and heat. As a result, the modernised pulp mill will not only be energy self-sufficient and increase its production capacity, but it will be able to export surplus (green) power. The mill’s carbon footprint will be smaller than that of any comparable mill in the world.

SCA is not only the second largest European saw mill company, but the largest private forest owner in Europe. The company’s forests absorb more CO2 than the total CO2 discharged by its entire industrial and transport activities each year. SCA’s forestry measures financed by the new EIB loan are expected to absorb over 44 000 additional tonnes of CO2 equivalents per year, corresponding to the CO2 emissions generated by 14 000 cars per year.

The pulp mill will start up in June 2018 once the modernisation project has been completed. The forestry project and the upgrade of the forest road network will be carried out over a period of five years from 2017 to 2021.

“We are carrying out a unique project that will bring the Östrand pulp mill to a leading position in every respect – production, quality, environmental performance,” says Toby Lawton, CFO of SCA. “We’re very pleased with the cooperation with EIB, which contributes to the sound and competitive financing of SCA.”

The European Investment Bank is the world’s largest lender for forest-related investment and over the last five years it has provided EUR 4.5bn for investment in forests around the world. This forest engagement and role as a public bank ensures that only projects with the greatest environmental and economic potential can be supported. Sweden has some of the best and fastest-growing forests in the world and unlocking new investment in forestry is crucial for both the rural economy and the environment. This impressive new investment will both support employment and enable better use of renewable resources.

2017-12-07  READ MORE...
ANDRITZ to supply flash drying line to Stora Enso, Finland


ANDRITZ has received an order from Stora Enso Imatra Mills to supply a new flash drying line, including an ANDRITZ Twin Wire Press, fluffer, and flash dryer. Start-up of the new plant, which has a production capacity of 400 admt/d, is scheduled for the first quarter of 2019.

ANDRITZ’s well-proven flash drying technology ensures minimum energy consumption and highest pulp quality. As a leading supplier of flash dryers, ANDRITZ will be supplying a drying system for gentle drying of mechanical pulp fibers, at the same time using the energy flows available to optimum benefit. The high-efficiency cyclones in combination with a scrubber will reduce emissions to the lowest possible level.

The ANDRITZ Twin Wire Press allows for highest dryness ahead of the flash dryer. Over 600 presses sold and installed around the world prove superior dewatering performance for any kind of fibrous material at any freeness level and with high discharge consistencies of up to 50%.

Stora Enso Imatra Mills, a member of the Stora Enso Group, consists of two production units : Kaukopää and Tainionkoski. Together, they employ approximately 1,000 people and produce one million tons of board and paper annually. More than 90 per cent of production is exported, mostly to countries in Europe, but a substantial share is also exported to Southeast Asia. Imatra produces mainly liquid packaging board for beverage cartons and food service board for paper cups and various food packagings

2017-12-07  READ MORE...
DS Smith scored by WWF Environmental Paper Company Index (EPCI) 2017

DS Smith is proud to participate in the EPCI for the second time, demonstrating an on-going commitment to transparency on sustainable fibre sourcing, manufacturing performance and environmental management.

2017-12-07  READ MORE...
SOFIDEL CONTINUES TO IMPROVE TRANSPARENCY AND ENVIRONMENTAL RESULTS ACCORDING TO THE WWF ENVIRONMENTAL PAPER COMPANY INDEX

The tissue production Group known for the Regina brand has made significant progress in reducing the amount of waste sent to landfill and in its Environmental Management System and reporting, according to the biannual EPCI, a WWF tool to promote transparency and continual improvement in the PPP sector.

2017-12-06  READ MORE...
ANDRITZ to modernize stock preparation in the sack kraft paper production line at Mariysky Pulp and Paper Mill, Russia


ANDRITZ has received an order from Mariysky Pulp and Paper Mill in Volzhsk, Russia, to upgrade the existing stock preparation line of PM 1 with state-of- the-art equipment for thickening and high-consistency refining. Start-up is scheduled for the third quarter of 2018.

ANDRITZ will modernize the existing two-stage, low-consistency refining process, which will achieve a significant improvement in the final product. The installation includes a ModuScreen CP, an ANDRITZ Twin Wire Press with shredder, as well as an ANDRITZ high-consistency 1C refiner to significantly enhance the sack paper properties. The existing ANDRITZ low-consistency TwinFlo refiner, supplied in 2015, will remain in the layout. Engineering, training, and advisory services for mechanical installation work, commissioning, and start-up are also part of the ANDRITZ scope of supply.

The sack paper production line has a capacity of 175 bdmt per day and uses a mixture of unbleached hard- and softwood as raw material.

Mariysky Pulp and Paper Mill is a well-known Russian supplier of paper products, such as wrapping paper, sack paper, writing paper, packaging paper, and corrugated board.

2017-12-06  READ MORE...
Cascades acquires containerboard packaging plants in Ontario and increases its ownership in Greenpac

Cascades Inc. announces the acquisition of four plants in Ontario to strengthen its position in the containerboard packaging sector, and the purchase of an ownership position in Tencorr Holdings Corporation. The company also announces an increase in its equity holding of the Greenpac Mill LLC.

"We are very pleased to expand our presence in Ontario and increase our stake in Greenpac for the second time this year. These transactions align perfectly with our vision and strategy for our containerboard activities," stated Cascades President and CEO Mario Plourde.

The four following plants were acquired from the Coyle family, and specialize in the manufacturing of boxes and speciality products offering strong growth potential :

· McLeish Corr -a-Box Packaging & Design – Etobicoke, Ontario

· Brown Packaging – Burlington, Ontario

· Coyle Corrugated Containers Inc. – Scarborough, Ontario

· Coyle Packaging ( Peterborough ) Ltd. – Peterborough, Ontario

This transaction will allow Cascades to expand its presence in Ontario , to increase its production capacity by 500 million square feet per year, and to strengthen its ability to serve customers in this region. These plants already have procurement agreements with Greenpac, and as such the transaction will have little impact on Cascades’ integration rate.

Cascades has also acquired the Coyle family’s 33% stake in Tencorr, a company specialized in manufacturing sheet stock for box producers.

Furthermore, Cascades has also acquired an additional interest in Containerboard Partners, one of Greenpac’s shareholders, thus increasing its holdings in Greenpac to 66.1% from 62.5%. The Company has been consolidating the Greenpac results since April 2017. 

The total cost of the transaction amounts to $49 million, of which $21 million is related to the increased stake in Greenpac and its new position in Tencorr. The containerboard packaging plants were acquired for a consideration of $28 million, including an assumed debt of $4 million , which represents a multiple of 6.5 times the adjusted operating income before depreciation of these operations, and excludes anticipated synergies.

"These new assets will support our growth by providing us with increased capacity and flexibility. This transaction will also enable us to better serve our customers as we will be better positioned to provide them with the packaging solutions they seek. I would also like to welcome all of the employees of these new plants to Cascades," said Charles Malo, President and Chief Operating Officer of Cascades Containerboard Packaging.

2017-12-05  READ MORE...
Buckman and Engro form digital strategic alliance

Buckman has entered into a strategic alliance with Engro Corporation, through its digital business arm Engro Digital, to deliver process and reliability optimization to utilities and industries. The partnership will focus on developing apps on Predix, GE’s application development platform for the Industrial Internet that was purpose-built to meet the scale, complexity, speed and security requirements of industry. Engro has already partnered with GE Digital to leverage Predix for developing Digital Industrial Solutions.

The agreement was signed by Najam Saeed, Head of Business Development, Energy and Infrastructure, Engro Corporation – Digital Business, and Junai Maharaj, CEO and President of Bulab Holdings Inc, in the presence of senior executives from both companies at Buckman’s headquarter located in 1256 North McLean Blvd. Memphis, Tennessee 38108-1241, U.S.A on October 18th.

2017-12-05  READ MORE...
Processum awarded PPI Awards 2017 for its work on protein from pulp mills

At the PPI Awards gala at the Royal Museums of Art and History in Brussels 29 November Björn Alriksson, Processum, received a statuette as proof of Processum winning in the category ”The Innovation in Cellulosic Applications Award”. Processum received this award for its work since many years to develop a technique for production of single cell protein made from forest industry residual streams to be used in fish feed.
PPI Awards is arranged by RISI and could be described as the Oscars for the forest industry. This prestigious competition is divided into ten categories out of which ”The Innovation in Cellulosic Applications Award” was added this year. With this category RISI wants to highlight work going on to develop new use of cellulose close to the consumers as well as show the versatile possibilities offered by our forests. The fact that fish feed in the future might be a product produced at a biorefinery or pulp mill was apparently exciting so that the jury chose Processum as winner.
“We find it amazing that we received a PPI Award for our long-standing research to develop methods for production of single cell protein from pulp mills’ residual streams,” says Björn Alriksson, Group Manager Biotechnology, Processum. “It is an honour which we share with all involved parties in a number of projects which in different ways brought the idea to produce single cell protein for use in fish feed from laboratory scale to showing that it works in demonstration scale and will be a satisfactory fish feed.”
“This protein has been used in fish feed which has been tested on living fish. The trials were very successful, showing that traditional fish feed, which e.g. consists of other fish taken from oceans with rapidly decreasing amounts of fish, can be replaced by fish feed based on single cell protein from the forest industry.”
“At present we participate in three projects which are aimed to bring this technique even closer to large scale production. Salmonaid is a Swedish, ProffAqua a Nordic and Sylfeed a European project. An important part of Sylfeed is to build a demonstration plant with a capacity of 5 000 tonnes of forest biomass annually at Norske Skog Golbey.”
“We are really pleased to see that what started as laboratory trials shortly will be present on dinner tables. That our work also has won the prestigious PPI Award, just as we already in 2014 won the EARTO Innovation Prize, is the icing on the cake,” says Björn Alriksson.

2017-12-05  READ MORE...
Kemira increases prices of wet strength chemicals in EMEA

Kemira announces a price increase for its paper wet strength products in EMEA. The adjustment will be effective immediately or as customer contracts allow.
The price increase of the wet strength chemicals will be up to 15%, depending on the specific formulations and can differ in selected geographies. This adjustment is necessary due to significant increase in key raw material costs.

2017-12-05  READ MORE...
Södra invests in more forestry drones


“We have identified numerous applications where drones can enhance the efficiency of forestry work, not least when making inventories of storm-damaged forests. By purchasing equipment and investing in raising skills, we are taking another step towards the development of tomorrow’s digital forestry operations,” said Johan Malmqvist, Project Manager at Södra.

Since the end of 2015, Södra has trialled the use of drones for applications including inventories of forest damage. Test outcomes have been favourable and major potential has been identified for the digital technology moving forward. This summer, the Swedish Camera Monitoring Act was amended, which has simplified the use of drones in forestry.

Södra is now taking further steps with digital development in the form of a considerable investment in drone technology and personnel skills development.

“We have purchased drone equipment for all our forestry operations areas and, in the autumn, we trained 51 of our forestry professionals as drone pilots. This means we are now well equipped to further develop use of the technology,” said Johan Malmqvist.

Drones are digital aids that enhance the efficiency of manual tasks for Södra’s field staff.

“The technology is extremely cost-efficient. It is possible to obtain a good overview of the forest in very little time. The major advantage is from not having to waste unnecessary amounts of time on checks. Drones enable you to quickly see if and where a manual inspection or action is required. This enables more efficient work methods that, by extension, benefit our forest owner members. Moreover, drones make work safer for forest inspectors, not least when making inventories of windfalls following a storm,” said Johan Malmqvist.

But drone technology is not only of great benefit when making inventories of forest damage.

“For example, another potentially useful application is planting and cleaning. Gathering decision data for deciding actions and planning is another. An eye in the sky provides a much-improved view of conditions than looking through dense forest at ground level,” said Johan Malmqvist.

2017-12-05  READ MORE...
Heimbach inaugurates its press felt plant in Suzhou

Heimbach is a leading supplier of paper machine clothing (PMC) to European and Asian paper producers and has a long and successful history of supply to the paper industry.
Recognising quite early the need to provide high quality sales and service support to the growing and demanding Asian market, a local company was set up in 2003, and since 2006 Heimbach has produced high-end forming fabrics and dryer screens in Suzhou, Jiangsu province at the heart of Asia’s growth.

The company recently announced an extension of the Suzhou plant to add press felts to the product portfolio, and the first felts have now been shipped to customers. The first felts have been installed and performed well.
Spiral dryer screens will also be added to the manufacturing capability.

Heimbach’s Suzhou plant is located in the Yangtze River papermaking region, which is the largest papermaking center in the world. With its new press felt facility, Heimbach will be able to further cement its partnerships with customers in China and the rest of Asia, providing state-of-the-art paper machine clothing products to all sections of the largest machines in the world.

2017-12-05  READ MORE...
Simple and minimalist with great complexity

In the world of packaging it is sometimes complicated to achieve something that looks simple, minimalist and elegant. The paperboard cartons for Jimmy Choo’s L’EAU that was launched in summer 2017 is a clear example of this. Its colour is pale pink apart from the brand, the name of the contents, and the fact that it is an eau de toilette. Yet the packaging has passed through twelve finishing stages.​

The carton is made of Invercote from Iggesund Paperboard. Conversion is by the distinguished French printing company Draeger on behalf of Interparfums. The packaging is offset printed on both the inside and outside. The printing on the inside is in a pale pink shade, which creates the mood around the bottle. Externally the packaging has a blind-embossed snakeskin pattern plus two rows of text on the front. The outside is also laminated with soft touch film, matt varnished, and foil embossed with both silver film and holographic film.

2017-12-05  READ MORE...
Sappi expands its speciality and packaging paper capacity; will acquire the speciality paper business of Cham Paper Group Holding AG (CPG)

Sappi Limited, a leading global producer of dissolving wood pulp, speciality and packaging papers, graphic (printing and writing) paper and biomaterials, today announced that it had signed an agreement to acquire the speciality paper business of Cham Paper Group Holding AG (CPG) for CHF146.5 million (approximately $149 million).

The transaction includes the acquisition of CPG’s Carmignano and Condino Mills in Italy, its digital imaging business located in Cham, Switzerland as well as all brands and know-how. It will be funded through internal cash resources. The transaction is conditional on the approval from certain competition authorities. We expect the acquisition to be completed during the first calendar quarter of 2018.

The main benefits of the acquisition include :

• Supports Sappi’s diversification strategy and 2020vision to grow in higher margin growth segments
• Strengthens Sappi Europe’s speciality and packaging papers footprint and skills ; adds 160,000 tons of speciality paper to our capacity
• Increases Sappi’s relevance in speciality papers, opening up new customers and markets to Sappi’s existing products and generating economies of scale and synergies
• Gaining greater share-of-wallet with valued brand owners ; accelerating innovation and new product development
• Improved near-term profitability and serve as platform for organic growth and further acquisitions. Will add €183 million of sales and approximately €20 million of EBITDA before taking into account synergies
• Builds on the investments currently underway to increase speciality paper capacity at our Somerset, Maastricht and Alfeld Mills
• Unlocks the growth potential of the CPG speciality paper business

2017-12-05  READ MORE...
Solenis to Increase Prices on all Alkaline Sizing Product Lines Globally

Solenis, a leading global producer of specialty chemicals, will increase prices by up to 20 percent on all alkaline sizing products globally, effective immediately or as customer contracts allow. The price increase is necessary due to the increase in certain raw material costs combined with a tightening overall global supply chain.

2017-12-05  READ MORE...
A complete turn-key tissue plant project for Partex-Star Group, in Bangladesh

In July 2017, Partex-Star Group from Bangladesh ordered a complete turn-key tissue plant that includes the latest stock preparation equipment and slitter/rewinder.
Operating with great success in business sectors like communications and information technology, energy, materials, services and consumer products, the Partex-Star group’s goal is to manufacture tissue product with high levels of high absorbency, softness and bulk.
The new tissue machine, with a 2800mm width at the pope reel, a maximun speed of 1800 m/min, is part of a complete turn-key project that includes the “Control & Automation System”, with all ancillary equipment.
The latest generation design of the 15-foot steel forged Yankee cylinder is the additional element of technological excellence, a distinctive trait of A.Celli that makes its tur-key offer the right choice for developing new products to consistenly meet market demands.
A 100% pure cellulose pulp preparation system, a reel handling system and a three-ply slitter rewinder, complete the supply.
Plant start-up is scheduled for the end 1st Quarter of 2019.

2017-12-04  READ MORE...
Groupe PSA and Nidec Corporation, through...

Groupe PSA and Nidec Corporation, through Nidec Leroy-Somer Holding, intendto work together in the field of electric traction motor. For this purpose, Nidec Leroy-Somerand Groupe PSA entered into a joint venture agreement on December 4,2017.Closing of suchtransaction remains subject to antitrust clearance and employee representative consultation.Groupe PSA makes the strategic choice to anchor in France the design and production of the main components of the electric traction powertrain.

Nidec Leroy-Somer and Groupe PSA have acknowledged the strategic importance oftraction motor in coming electrification ageand agreed mutual cooperation for developing state of the art high-performance and competitive electrictraction motor range for electrified vehicles - Mild-hybrid, (MHEV), Electric Vehicles (“EV”) and Plug-in Hybrid (“PHEV”) to meet the needs of Groupe PSAand other potential OEMs.
The aim of the partnership is to design, develop, manufacture and sell a range of efficient electric traction machines. The joint-venture will then engage R&D, manufacturingand sales for high-performanceelectric traction motor mainly to Groupe PSA,and to other OEMs later,by combining PSA’s automotive OEMstrengthsand Nidec Leroy-Somer’s leading expertise of motor and related electrical equipment.

2017-12-04  READ MORE...
ANDRITZ successfully starts up rebuilt paper machine for Heinzel Group in Laakirchen, Austria


ANDRITZ has successfully started up the rebuilt PM10 at Laakirchen paper mill for the Heinzel Group, Austria. The machine that originally produced SC paper was converted to a fluting and testliner machine producing basis weights ranging from 70 to 140 g/m² based on recycled fibers. With a design speed of 1,600 m/min and a working width of 7,500 mm, it is now one of the world’s most productive paper machines for fluting and testliners.

“We have implemented a comprehensive investment package for our paper mill in Laakirchen. The heart of this package is the PM10 rebuild. The new ANDRITZ technology enables production at the highest quality level. In addition to our PM11, which will continue producing paper for the high-quality SC market, the PM10 produces 450,000 t/y of fluting and testliners,” says Thomas Welt, Production Director at Laakirchen Papier AG.

2017-12-04  READ MORE...
Valmet delivers new chipping line and chip handling system to Sappi's Saiccor pulp mill in South Africa


Valmet will deliver a new high capacity chipping line and chip handling system to Sappi Southern Africa (Pty) Ltd, Saiccor mill. The upgrade targets to increase the chipping capacity, to improve chip quality and minimize wood losses. The chipper will be delivered and installed at the end of 2018 and the start-up is planned for January 2019.

The order was included in Valmet’s third quarter 2017 orders received.

"Valmet’s high capacity drop feed chipper was found to be favourable for the new wood yard’s current and future mill capacity requirement," says Ryno Eksteen, Senior Regional Project Manager at Sappi.

"Valmet’s wood handling business continues to flourish in the South African market area. With our biggest drop feed chipper this project will be extremely important to us and we are delighted that Sappi once again trust our technology and capabilities. We look forward to working with the Sappi team," says Jussi Taskinen, Manager, R&D, Product Portfolio & Strategy at Valmet.

The order consists of a chipping line with a Camura GS1300 chipper and chip handling with storing and screening, including machinery, commissioning, training and start-up supervision. Mechanical installation of the chipping line is also carried out by Valmet.

2017-12-04  READ MORE...
RDM has approved the right of first refusal aimed at acquiring 66.67% of the share capital of PAC Service s.p.a

The Board of Directors of Reno De Medici S.p.A., met on November 20th 2017 to examine and approve the right of first refusal, as provided for in the by-law, aimed at acquiring 66.67% of the share capital of Pac Service S.p.A, a company operating in the field of cutting and processing cardboard. The residual stake of 33.33% is already owned by Reno De Medici, which, after the closing expected by December 31th 2017, will hold the 100% control of a company of which it is a strategic supplier, integrating the value chain.

"Today the acquisition by the RDM Group of Pac Service S.p,A. has a strong strategic value for both the target company - which is distinguished for a customized and just in time service - and the RDM Group, which strengthens the relationship with a company that was already a strategic provider”, it’s the comment of Michele Bianchi, CEO of RDM.

Pac Service, based in Perarolo di Vigonza in the province of Padua, has been operating since 1979 in the processing cardboard and cutting industry, particularly for packaging, publishing, graphics, cosmetics and the food industry, for both domestic and international clients.

The strategic contribution of Pac Service - which distinguishes by its ability to customize its products through the quick processing of minimal quantities and the production of special sizes, in line with an increasingly "just in time" need - will strengthen the RDM Group’s commitment to be the "Partner of Choice" in an increasingly regulated and demanding industry.

2017-12-01  READ MORE...
Ahlstrom-Munksjö affirmed its ethical path forward by joining the UN Global Compact

In November 2017, Ahlstrom-Munksjö committed to the United Nations Global Compact’s ten principles for ethical business practices by joining the initiative. The company is now among
nearly 8,000 companies worldwide that have affirmed their dedication to respecting human rights, labour rights, environmental quality, and anti-corruption practices. As a signatory, the company commits to :

 Continue to improve business operations so that the UN Global Compact and the principles become part of strategy, culture and day-to-day operations ;
 Communicate annually with its stakeholders on efforts to implement the ten principles, and post this Communication on Progress (COP) on the UN Global Compact website to support transparency.

’’At Ahlstrom-Munksjö, we are dedicated to sustainability and responsibility from the highest levels of leadership to the most local concern in our supply chains or at our production sites’’, said Jan Åström, President and CEO of Ahlstrom-Munksjö. 

’’By joining the UN Global Compact, we continue to affirm our commitment to ethical and responsible business practices in every area of our work. Joining the UN Global Compact is an important step forward in the company’s sustainability journey, as it reflects our enduring values and commitment to responsible business practices”, said Anders Hildeman, Vice President Sustainability at Ahlstrom-Munksjö.

In one example of taking action on these new commitments in the coming year, Ahlstrom-Munksjö will engage in plant-level sustainability trainings throughout the Group. The training program aims to integrate the principles of the UN Global Compact into local operations and define concrete actions how they can contribute to the UN Sustainable Development Goals.

Founded in 2000, the United Nations Global Compact is a worldwide initiative to inspire company leaders to adhere to and report progress on socially responsible and environmentally sustainable business practices.

2017-12-01  READ MORE...
2017 PPI Award Winners Announced at CEPI European Paper Week

RISI, the leading information provider for the global forest products industry, this evening announced the 2017 PPI Award winners at the awards dinner held during CEPI European Paper Week. The PPI Awards honor leadership, vision, innovation and strategic accomplishments within the pulp and paper industry, and are the only global awards dedicated to recognizing the achievements of companies, mills and individuals in the sector.

The winners were announced at the awards dinner on November 29th in Brussels, Belgium at the Royal Museums of Art and History.

2017-12-01  READ MORE...
Canfor Pulp announces temporary production outage at Northwood

Canfor Pulp Products Inc. announced today that it has taken a temporary and unscheduled outage on one production line at its Northwood Northern Bleached Softwood Kraft Pulp mill located in Prince George, British Columbia, as a result of a tube leak in the number five recovery boiler . Canfor Pulp anticipates the number five recovery boiler to be down for approximately two weeks, and is currently projecting 15,000 tonnes of reduced NBSK pulp production during the fourth quarter 2017, as well as higher associated maintenance costs and lower projected shipment volumes. To mitigate the impact of the incident, Canfor Pulp is continuing to operate the second production line at the Pulp mill and will advance certain mill maintenance activities previously scheduled to be performed in the first quarter of 2018. Due to mitigation efforts by Canfor Pulp the temporary outage is not expected to have a material impact on the financial condition of the Company. The company will be making a claim under its insurance program.

2017-12-01  READ MORE...
Aurelius acquires Spanish core board and solid board packaging specialist Abelan

AURELIUS Equity Opportunities SE & Co. KGaA, the listed mid-market pan-European investor, today announces the acquisition of Abelan Board Industrial S.L., a major producer of core board and solid board packaging products operating out of Southern Europe, from PHI Industrial. The deal represents AURELIUS’ third acquisition in the European packaging sector since 2015 and will further strengthen the Group’s operations in this market. The financial terms of the deal are undisclosed ; completion of the transaction remains subject to clearance of customary conditions.

2017-12-01  READ MORE...

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