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.

news

Staples' European business generates annual sales of €1.7bn. Staples' will retain a 15% stake in the company. Staples Inc has entered into an agreement with Cerberus Capital Management to divest a controlling stake in its European business, owned by Staples' indirect wholly owned subsidiary Staples Cyprus Intermediary Holdings, to Promontoria…

news

USITC determined that material injury to the domestic industry was likely to continue or recur after revocation of the existing ADD and CVD orders. There is no end to punitive tariffs on coated paper imports from China and Indonesia in the USA. Under the five-year sunset review proceedings, the US…

news

Klabin SA, Brazil's largest paper producer, has room to keep increasing output from the Puma wood pulp plant over the next few years, Chief Executive Officer Fabio Schvartsman said on Thursday, addressing concerns about slowing growth. Output at Klabin doubled from 2013 levels after the 1.5-million-tonne Puma project went online…

news

Rottneros Group has signed agreements on debt financing within the framework of the investment program Agenda 500, as the company said in the press release received by Lesprom Network. The increased funding amounts to a total of SEK 120 million ($13.3 million) and will be used for investments in the…

news

Valmet will deliver automation technology to Nepa Limited in India for its two refurbished paper machines and new deinking plant. The solutions enable the paper mill to increase productivity and improve product quality. The startup of the new system is scheduled for the end of February 2017, as the company…

news

Denmark’s Aalborg Energie Technik (AET) is set to deliver a biomass-fired combined heat and power (CHP) plant for a French paper mill after winning the EPC contract for the project.  The 20 MWe/23.5 MWth Cogéneration Biomasse de Novillars (CBN) plant is planned to provide 153 GWh of power and 215,000…

news

Toscotec has been awarded a contract to rebuild PM1 at Correll Tissue, in Durban, South Africa. The start-up of the rebuilt machine is scheduled for the second half of 2017, as the company says in the press release received by Lesprom Network. Correll Tissue is the primary tissue paper manufacturing…

news

Nippon Paper Crecia Co., Ltd., a Nippon Paper Group company, and Kasuga Paper Industry Co., Ltd. concluded a basic agreement to jointly establish a new company in April 2017, in order to launch a new joint venture for household paper products. The new company will install cutting-edge facilities to produce…

news

Sugarmade, Inc. announces the purchase of international paper contracts from Bao Coc International Paper and Plastics Limited, located in Vietnam. Under the terms of the asset purchase agreement, Sugarmade will assume contracts for international paper products bound for delivery into the U.S. Sugarmade estimates the acquisition will boost its revenue…

news

Weyerhaeuser announced the completion of the sale of its Cellulose Fibers pulp mills to International Paper for $2.2 billion in cash. Weyerhaeuser expects to use a substantial portion of the $1.6 billion after-tax proceeds for repayment of debt. The sale, which was announced in May 2016, includes five pulp mills…