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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Vancouver’s Fortress Paper (TSX:FTP) is selling all shares in its bank note security subsidiary, Fortress Optical Features, to Nanotech Security Corp. (TSX-V:NTS) for $17.5 million. The subsidiary makes optical security devices for valuable paper documents such as currency and passports. Fortress CEO Chadwick Wasilenkoff said the sale is related to…

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Selectmen in the town of Jay approved a 12.5 percent tax hike Tuesday night in anticipation that valuation of Verso Paper’s mill, the town’s largest taxpayer, would drop by more than $220 million. Shiloh LaFreniere, Jay’s town manager, said in a phone interview Wednesday that the final valuation and amount…

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Portucel Mozambique, a subsidiary of Portugal-based pulp and paper manufacturing company, Portucel Soporcel Group is investing more than $353 million in eucalyptus planting project to boost the Southern African country’s paper industry. “An eucalyptus seedling programme would be launched, with five to six million plants per nursery, and would be…

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Voith has brought a new IPV Rotor for virgin pulp onto the market. The new component has already proven itself for some months under mill conditions and shows its strengths here: energy consumption of the new rotor can be up to 30% less than that of conventional technologies. This also…

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Producer's attempts to raise recycled containerboard prices in August were partly successful in Germany. Most prices were up although not by the desired amount. Most price negotiations on the market for recycled corrugated case material in Germany had reached their conclusion by mid-August. Producers were unable to fully implement their…

Wednesday, Aug 27, 2014
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Asia Pulp & Paper Group (APP) has opened its new sales office in Germany to strengthen its position in the European country. The new office is located in Langenfeld and is headed by Frank Haack. Frank Haack, Head of APP Deutschland GmbH, said: “Germany is one of our most important…

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Premier Stephen McNeil plans to press the owners of Northern Pulp on cleaning up emissions from the Pictou County pulp mill while he’s on a trade mission to Asia that starts Monday. McNeil said he will reiterate the province’s stance while meeting with Paper Excellence Group in Shanghai. Nova Scotia’s…

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Pulp and bank note producer Fortress Paper Ltd. is selling its operations that make security film used in bank notes to Nanotech Security Corp. for up to $17.5 million in cash and shares. The Vancouver-based company says the buyer has entered into an agreement to continue to supply optical variable…

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The city has filed a lawsuit against Kimberly-Clark Corp. over the company's failure to cover its former waterfront pulp-mill site with topsoil. When the company shut down the mill in 2012 and received a permit to demolish buildings on the site, it was with the stipulation that the rubble be…

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Construction to add tissue manufacturing operations at the Woodland Pulp mill has been delayed, but a company official said Monday the project still is expected to be completed on schedule as originally planned. When company officials announced the $120 million expansion by parent company International Grand Investment Corp. in March,…