Stora Enso will immediately begin the search for Seppo Parvi’s successor.
Packaging Paper & Board
Saica already acquired a minority stake in the company in 2001, which allowed LIC Packaging to expand its facilities and to approach the international market.
Work on obtaining FSC certification started at Carccu last year as part of the company’s ISO 9001 and ISO 14 001 quality system certification efforts. Last year, Carccu was also awarded PEFC forest certification for environmental responsibility.
Walki Group has 17 production facilities worldwide and employs more than 1,700 people.
Hugues Simon to succeed Mario Plourde as President and CEO of Cascades.
Jeff Tomaszewski, President, Diversified Businesses of Sonoco Products Company, to retire effective June 30, 2024.
Stora Enso expects higher 2024 adjusted EBIT due to profit improvement actions and market conditions
Stora Enso has revised its full year 2024 adjusted EBIT guidance to be significantly higher (+50% and above) than the full year 2023 of Euro 342 million.
Nordic Paper has chosen the digital solution AFRY PaperLine to replace the existing production support system with a new MES-system.
Valmet bale tester is a reliable and real-time measuring system for recovered paper, providing an opportunity to reduce operational costs and to improve the recycled fiber line performance.
PulPac continues to grow its Dry Molded Fiber network as Plastisud joins as a new tooling partner.
Net earnings were $3.5 million or $0.14 per share for the three-month period ended March 31, 2024, compared to $9.5 million or $0.37 per share for the equivalent period last year.
Five employees are responsible for operating the facility and will be joining the ND Paper team.
Suzano's bid hinges on International Paper abandoning DS Smith deal, according to Reuters.
The transaction was concluded for a total consideration of approximately US$1.8 million, on a cash-free and debt-free basis, subject to customary adjustments, financed through the Supremex existing credit facility.
PulPac provides packaging producers with a manufacturing technology for sustainable packaging.
Q1 2024 Adjusted operating profit decreased by Euro 39.1 million from Euro 78.7 million to Euro 39.6 million.
Sonoco generated $166 million of operating cash flow and $80 million of free cash flow in the Q1 2024.
Acquisition to enhance Clearwater Paper's existing capabilities in paperboard manufacturing.
AFRY is collaborating with Italian paper association, Assocarta, to develop a net-zero roadmap for the pulp and paper sector in Italy.
The delivery is scheduled for Lecta’s annual shutdown in April 2025.