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.

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Packaging and paper group Mondi plc. (MNDI.L) said that on 30 March 2016 the Federal Antimonopoly Service of the Russian Federation or "FAS" announced in a press release that it had initiated an investigation into Mondi Syktyvkar for violation of the antimonopoly law in respect of the pricing of offset…

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The divestment of Stora Enso’s entire 80% shareholding in the Arapoti magazine paper mill to Papeles Bio Bio, a Chilean paper producer, has been completed. The divestment plan was announced on 31 December 2015. The consideration for the divestment of the shares is approximately EUR 17 million. The loss on…

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Fortress paper announces automatic share purchase plan pursuant to its normal course issuer bid. Entered into automatic securities purchase plan with its designated broker. Plan allows for purchases by fortress paper of 6.5% debentures and 7.0% debentures at any time.   Source : reuters.com

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Canada has filed a complaint against the United States over countervailing duties imposed on imports of supercalendered or glossy printing paper, the World Trade Organization (WTO) said on Thursday. In its proceeding filed on Wednesday, Canada said the U.S. measures were inconsistent with several provisions of the WTO's Agreement on…

Sofidel Chooses A.Celli Paper for its UK Plant

The Italian Group, famous in Italy above all for its Regina brand, purchases a latest-generation tissue rewinder from the Porcari-based company. The machine is to be delivered to Sofidel UK, confirming full trust in A.Celli technology. Sofidel, a world leader in the tissue production market for hygienic and domestic use…

Valmet to Supply Board Machine Key Technology for Two Container Board Machines in China

Valmet will supply board machine key technology and machine control systems in two new containerboard machines in China. The customer remains confidential. Valmet's delivery includes headbox and press section technology and a machine control system. The order is included in Valmet's first quarter 2016 orders received. The value of the…