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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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…

Saturday, Dec 03, 2016
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Kyiv Cardboard and Paper Mill's (Kyiv CPM) paper machine with a new cylinder begins to produce tissue paper. Recycled tissue paper from the issue meets the quality standards and will be used for the production of toilet paper Obukhiv 65, as the company says in the press release received by…

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Palm Paper said that PM 7 at its newsprint plant in King's Lynn, UK, which was hit by a fire on 7 October, would be able to run at maximum capacity soon. The company explained that the PM was restarted successfully only two weeks after the incident, having 70% of…

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Nordic Paper completed the PEFC certification for all its mills in Sweden and Norway, as the company said in the press release received by Lesprom Network. The certification shows that all incoming raw material in Nordic Paper´s products live up to a recognized standard for sustainability and that this is…

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International Paper announced that it has completed its acquisition of Weyerhaeuser's pulp business for approximately $2.2 billion in cash, subject to post-closing adjustments.  Because the transaction is a purchase of assets, International Paper expects to realize a tax benefit with an estimated net present value of approximately $300 million.   International…

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Brazilian wood pulp producer Fibria SA will raise prices for its clients in the United States and Europe at least once in 2017, the company's commercial director, Henri Philippe Van Keer, said on Wednesday. In a statement released around the same time as Keer's comment, the company said it plans…

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Paper Converting Machine Company (PCMC), part of Barry-Wehmiller, will partner with Bedford Paper in 2017 to provide a full tissue converting and packaging line for its facility in De Pere, Wisconsin, as the company says in the press release received by Lesprom Network. This project will give Bedford Paper a…

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SC paper might become a little more expensive in France if producers get their way. Good demand and capacity closures in Europe could support their plans. Paper manufacturers supplying the French market have price hikes for magazine paper on their wish lists. Specifically, though, this is only being discussed for…

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With sales prices going down and recovered paper price remaining high in November, paper mills are becoming more and more worried about their profitability. Even though paper demand and deliveries have been good so far this year, recycled corrugated case material manufacturers are facing their second round of price cuts…

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Hood Container of Louisiana will make a capital investment in two phases and install new equipment at its St. Francisville-based paper manufacturing facility in Louisiana, as Louisiana Economic Development reports. As part of the upgrades, Hood Container will retain 237 jobs held by Louisiana residents at the St. Francisville facility…