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

Ence (Energía y Celulosa) achieved an adjusted EBITDA of Euro 32.7 million in the 3Q 2016, representing an increase of 25.1% over the previous quarter. This significant improvement resulted in a net profit in July-September period of Euro 12.9 million compared to the negative result of the previous quarter, which…

news

Mercer International Inc. reported results for the 3Q ended September 30, 2016. Operating EBITDA in the 3Q 2016 declined to $47.9 million from $61.1 million in the 3Q 2015, primarily due to lower pulp sales realizations and sales volumes, partially offset by lower fiber prices, but increased from $34.7 million…

news

Powerflute Oyj has entered into a conditional agreement to purchase 47.4% of the shares of Harvestia Oy ("Harvestia"), the wood supply company in which it already has an interest of 47.4%, from Vapo Oy for cash consideration of Euro 1.1 million. The transaction remains conditional upon amongst other things receipt…

news

Versowood Oy and Metsäliitto Osuuskunta have signed a contract, whereby the Metsä Wood Glulam factory in Hartola, Finland, and 50% of Hartolan Kuningaslampö power plant will be sold to Versowood Oy. The transfer will be effective as of end November. The personnel at the Glulam factory will become Versowood employees,…

news

UPM is planning to permanently reduce its graphic paper capacity in Europe by 305,000 tonnes. The capacity reductions are planned to take place in Austria and Germany. UPM plans to permanently close two paper machines: SC paper machine 3 at UPM Steyrermühl, Austria, and SC paper machine 2 at UPM…

news

Södra is divesting Södra Wood Grimslöv to German-based Soernsen Group. Trade union negotiations have been initiated regarding the transfer of the operation. Handover is expected to take place on 1 January. Södra Wood Grimslöv produces high-grade architectural mouldings and special moulding profiles for industrial customers and has 31 employees. The…

news

Valmet will supply a headbox upgrade and two headbox recondition service packages to Green Forest (QingXin) Paper Industrial Limited paper mill in Qingxin County, Qingyuan, China. The delivery is scheduled to take place in September 2017, and the start-up to be in October and November 2017. The order was included…

news

Arauco has received all required official approvals to build its new particleboard plant located in Grayling, Michigan, as the company said in the press release received by Lesprom Network. Once constructed the plant will feature North America’s largest single continuous particleboard press and will be one of the most productive…

news

One Rock Capital Partners, LLC announced that one of its affiliates has completed the acquisition of North Pacific Paper Company, LLC. The transaction was initially announced in early October 2016 and financial terms of the transaction were not disclosed. Located in Longview, Washington, NORPAC is a leading manufacturer of newsprint…

news

Coldwater has sold and completed the start-up of another PCA Dryer Passivation System at its recycled mill in the Southwest U.S., as the company said in the press release received by Lesprom Network. The innovative PCA Dryer Passivation System has been installed on a 4.5 meter (176 inch) wide recycled…