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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Appvion, Inc. has sold its Encapsys microencapsulation division to an affiliate of Sherman Capital Holdings LLC, a private investment firm based in Baltimore. The purchase price was $208 million, as the company said in the press release received by Lesprom Network. Conditions of the sale include a long-term supply agreement…

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PaperWorks Industries, Inc., a leading integrated North American paperboard packaging supplier, announced plans today to optimize folding carton production across its network of nine North American converting facilities. As part of this effort, operations at the company’s Baie D'Urfé, Québec, Canada manufacturing facility will close permanently by the end of…

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Fox River Fiber appoints paper industry veteran Steve Blasczyk as new Production Manager, as the company says in the press release received by Lesprom Network. Blasczyk, who brings more than 30 years of leadership and operational experience to his role, also serves on the company’s Leadership Team. He provides leadership,…

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Neenah Paper, Inc. had completed the previously announced purchase of all of the outstanding equity of ASP FiberMark, LLC from an affiliate of American Securities LLC on August 1, 2015, as the company said in the press release received by Lesprom Network. The acquisition is expected to deliver synergies of…

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Egger's flooring production facility, which recently went into operation in the Russian town of Gagarin, is the first step of an extensive investment project, the group announced during the presentation of its latest financial report for the fiscal year 2014/2015. “We see Eastern Europe and Russia in the medium term…

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Hokuetsu Kishu Paper Co. has no plans to merge with Daio Paper Corp. anytime soon, the president of Hokuetsu, the fifth-largest paper-maker in Japan, said in a recent interview. Hokuetsu has a stake of over 20 percent in Daio, the fourth-biggest paper-maker. Hokuetsu President Sekio Kishimoto explained that Daio has…

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DS Smith has strengthened its operations in Spain. The company acquired Grupo Lantero's corrugated business which comprises seven plants in the country. On 31 July, DS Smith has finalised the takeover of Grupo Lantero's corrugated activities in Spain. The purchase price was put at €190m. The acquired business includes several…

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Valmet and Massimiliano Corsini srl. have signed a Sale and Purchase Agreement of MC Paper Machinery and Focus Rewinding business to Valmet on July 31, 2015. The acquisition is estimated to be completed by August 6, 2015. The acquired operations mainly supply rewinders for tissue and non-woven machines. In the…

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Fibria, a Brazilian forestry company and the world’s leading eucalyptus pulp producer, announces the contracting of important service and equipment packages for the Horizonte 2 Project, which will expand production capacity at its Três Lagoas Unit located in the state of Mato Grosso do Sul. Yesterday, the company hired Andritz…