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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PaperlinX Limited announced today its European subsidiary, PaperlinX Netherlands Holding BV, has entered into an agreement to sell its operations in Poland to a consortium of a local private equity firm, Warsaw Equity Management sp z.o.o. and the local management team, with immediate effect. Commenting on the sale, PaperlinX Managing…

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Brazilian Suzano Papel e Celulose has divested its distribution paper business SPP-KSR. "Suzano's commitment with the market, its clients and partners has been always driving the company to improve its products and services. The unification of SPP-KSR with Suzano is a new customer service model, which has a regional format,"…

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Procter & Gamble has obtained approval to expand its paper products manufacturing facility in the Bear River city, Utah, US. The Utah Governor's Office of Economic Development Board has reviewed and approved an incentive for P&G's expansion plan. Expansion of the paper products manufacturing facility in Box Elder county is…

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Fibria's Board of Directors approved the expansion plan of the Company consisting of the construction of a new line of pulp production in the city of Três Lagoas, state of Mato Grosso do Sul, called Horizonte 2 Project, as the company said in the press release received by Lesprom Network.…

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Fedrigoni and Arjo Wiggins have entered exclusive negotiations for the purchase of the Brazilian company Arjo Wiggins Ltda (part of Sequana Group) by Fedrigoni Group. The negotiation sees a company valuation of Euro 85 million, of which Euro 5 million are payable in 2016 and tied to specific conditions and…

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Jemi Fibre Corp. has entered into a letter of intent to acquire all of the issued and outstanding shares of L&M Wood Products, as the company said in the press release received by Lesprom Network. Located in Glaslyn Saskatchewan, L&M Wood Products ("L&M") is a fully integrated wood products company…

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Due to the strong pressure on the industry's cost structure, Fedrigoni announces a price increase on all coated and uncoated fine papers, effective July 1st 2015. The price increase will range from 4-8% and will differ according to grade, country and current price level. Our customers will be informed personally…

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The Rottneros Board has decided to make the first investments of 180 MSEK to increase production capacity at both the Group mills, Vallvik Mill and Rottneros Mill, to ensure continuous progress and growth. This means that the new plan prepared by management, Agenda 500, starts immediately. Agenda 500 is a…

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Stora Enso and Kemira, a global chemicals company, have started the construction work for pilot projects addressing water-related issues in three villages in Guangxi Province in Southern China. The projects are part of Stora Enso and Kemira's three-year corporate responsibility initiative on water stewardship and shared value creation. Launched in…

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A consortium led by the private equity arm of Standard Chartered has bought a minority stake in FINE, a tissue maker majority-owned by Jordan's Nuqul Group, for $175 million, Standard Chartered said on Tuesday. Most of the money will be used to expand the production capacity of FINE, which has…