NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Plant Automation Technology portal grants a dynamic and diverse feed of news items.

news

Phaunos Timber Fund has confirmed a forward pulpwood sale agreement for Pradera Roja which will realise total payments of $2.4m. The agreement is based on Pradera Roja receiving up-front payments for eucalypt pulpwood that will be harvested up to 2022. Stephen Addicott of Stafford Timberland, the manager of Phaunos, said:…

news

Printing paper company Verso Corp., which is slashing 300 jobs at its Androscoggin Mill in Jay, said Monday it's considering selling the mill and several others to raise money. In its earnings report, the company said it's considering selling four mills, including the Androscoggin Mill and its related hydro-electric facilities,…

news

The Kronospan Group has acquired all shares of the Danish particleboard manufacturer Novopan Træindustri as of November 6, 2015. The former owners of Novopan - PenSam LD EQUITY 1 and FIH - have held the shares for more than 30 years and for strategic reasons, they decided to sell their…

news

Papyrus has finalised its previously announced acquisition of Czech paper merchant OSPAP. The transaction was completed following approval from the Czech competition authority. This acquisition is a further step in enhancing Papyrus geographical footprint in Czech Republic and Eastern Europe. “Papyrus strategy is to develop leading positions in selected European…

news

Wood waste from the Portland region can now legally be sent to landfills, after the Metro Council suspended part of its requirements for the recovery of wood products. The move to suspend part of the Metro Code came after the closure of a paper mill in Newberg. That mill burned…

news

Voith has upgraded and commissioned the paper machine PM 53 at Holmen Paper in Braviken, Sweden. The PM 53 can now produce various paper grades ranging from newsprint to sophisticated SC papers, including the recently developed Holmen UNIQ SC paper. This paper grade in the basis weight range 43 –…

news

Four paper machines might be closed at Gruvön mill as Billerud Korsnäs is considering to install new board machine at the site and decrease its volumes in oversupplied markets. Billerud Korsnäs is considering a SEK5bn (€536m) investment over the next three years in order to "improve underlying profitability and secure…

news

In Germany, tissue paper producers are encountering substantial pressure on prices even though capacity utilisation is said to be recovering in the fourth quarter. The situation is compounded by a significant surplus supply on the market. Experts estimate this surplus at 600,000 to 800,000 t. The start-up of new tissue…

news

Metso has signed a comprehensive framework agreement with Metsä Fibre to supply valve solutions for the world's first next-generation bioproduct mill in Äänekoski, Finland. Metso's valve solutions will be used in all of the mill's process phases. The delivery includes more than one thousand valves and peripheral devices and is…

news

Burgo says PM 2 closure is necessary due to shrinking coated mechanical paper demand and weak cost position of the LWC paper machine. Italy's Burgo Group plans to permanently cease LWC paper production on the PM 2 at the Duino mill near Trieste. The company announced it has already started…