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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Canfor Pulp Products Inc. (“CPPI”) reported net income of $17.7 million for the 2Q 2015, compared to $28 million for the 1Q 2015 and $18.8 million for the 2Q 2014. The Company reported operating income of $20.9 million for the 2Q 2015, a decrease of $20.5 million from $41.4 million…

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Manufacturers do not exclude another increase in unlined chipboard prices in the case that recovered paper prices move higher again in the coming weeks. Greyboard manufacturers could raise the price level on the German market by 1 August at the latest, following the recent upward correction to GD board prices.…

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Nordic Investment Bank (NIB) has signed a $100 million 7-year-maturity loan agreement with Brazil’s Banco Nacional de Desenvolvimento Econômico e Social (BNDES) for on-lending to finance Klabin S.A.’s greenfield pulp mill project, as NIB said in the press release received by Lesprom Network. The loan is for financing the construction…

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H.I.G. Europe has completed the sale of its portfolio company AR Metallizing (“ARM”) to Japan’s Nissha Printing Co., Ltd, as the company said in the press release received by Lesprom Network. ARM is the global market leader in the manufacturing of metallized paper for use in the food, beverage and…

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Heinrich August Schoeller Söhne GmbH & Co. KG commissioned Voith with the supply of a complete process line for the manufacture of corrugating medium and testliner for its Schoellershammer paper mill, based in Düren, Germany, as the company said in the press release received by Lesprom Network. On the new…

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mutares AG took over Metsä Board Zanders GmbH on May 20, 2015. The acquisition contract was signed after approval was granted by the German Federal Cartel Office. The company will be trading under the name of Zanders GmbH, as the company says in the press release received by Lesprom Network.…

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Portucel Soporcel group will be forced to increase the price in Europe - the third time this year - for its uncoated woodfree products in reels as from the 1st of September 2015 (dispatch date) onwards, between 4% and 8%. Last week the company had announced a price increase in…

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Werner Kenkel will install a new corrugator at the site in Krzycko Wielkie. Production start-up is scheduled for the second quarter of 2016. Poland's corrugated board and packaging producer Werner Kenkel is in the midst of realising the largest investment programme in the company's history. In total, the family-owned company…

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CMPC will invest $122 million at its Maule mill, located in central Chile, to increase the unit's capacity from the current 357,000 tonnes/yr to 450,000 tonnes/yr of folding boxboard, RISI has learned. The project is expected to be concluded in the first quarter of 2018 and involves the acquisition of…

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There can be no talk of a summer slump on Polish market for woodfree uncoated paper this year. In fact, quite the opposite is true. Various suppliers described the order situation at the end of July as unusually good Market experts mainly attribute the high activity levels to good demand…