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

Austrian Hasslacher has invested in two progressive kilns from Swedish Valutec for its laminated wood plant in Sachsenburg, Kärnten, Austria, as the company said in the press release received by Lesprom Network. In connection with this investment, they are increasing their capacity in Sachsenburg, one of Europe's most modern laminated…

news

Mondi Group completes acquisition of SIMET S.A. The corrugated plant, to be called Mondi Simet, is located in Grabonóg, Poland, as the company says in the press release received by Lesprom Network Mondi intends to expand and upgrade this operation to a high-efficiency box plant, including the addition of a…

news

The Chinese company Sun Paper announced plans Tuesday for a $1 billion mill in southern Arkansas, the paper company’s first facility in North America. Joined by Sun Paper officials to announce the project at the state Capitol, Gov. Asa Hutchinson said the project will create 250 jobs and is one…

news

Prices for ordinary as well as deinking grades in France have gone up in April thanks to good demand and low arisings. Prices for mixed paper and OCC have moved upwards in April in France. This is the second mark-up for these grades after prices had already been raised in…

news

Germany investment firm Schaeff Group has bought Papierfabrik Scheufelen and wants to push forward the expansion of Scheufelen's premium board business. German paper maker Papierfabrik Scheufelen has been sold. Paper Excellence, subsidiary of Asia's Sinar Mas Group, sold its entire stake in German paper maker Papierfabrik Scheufelen to a consortium…

news

Iberpapel's 1Q 2016 revenue amounted to Euro 53.67 million, down 8.44% from the 1Q 2015, while EBITDA came in at Euro 7.34 million, year-on-year growth of 33.47%, as the company said in the press release received by Lesprom Network. This earnings performance reflects a stronger paper price environment in comparison…

news

UPM has signed an agreement to sell its Schwedt newsprint mill site and relevant assets to LEIPA Georg Leinfelder GmbH for the aim of a conversion into liner production, company announced. The entire personnel of Schwedt mill will transfer to LEIPA as old employees. The transaction price is Euro 70…

news

Södra Skogsägarna ekonomisk förening has signed a loan agreement with Nordic Investment Bank (NIB) for SEK 1 billion (Euro 108 million). The loan will be used to finance expansion of the Värö pulp mill in Sweden, as the company says in the press release received by Lesprom Network. In recent…

news

Orchids Paper Products Company ecntly reported results for the first quarter of 2016, which included record net sales and Adjusted EBITDA of $47.7 million and $11.6 million, respectively, exceeding the previous records of $46.8 million and $10.2 million, respectively, set in the third quarter of 2015. Converted product net sales…

news

Ten years after the Prince Albert pulp and paper mill shut down, a British Columbia-based company plans to reopen the mill by 2020. This month 10 years ago, Weyerhaeuser closed the Prince Albert Pulp Mill, costing 700 people their jobs. But after acquiring the old mill in 2011, Paper Excellence…