The global synthetic paper market size was USD 1.04 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.4% during the forecast period. The global synthetic paper market is witnessing significant growth, fueled by increased demand in high-tech industries and specialized applications. Synthetic paper, characterized by its thickness ranging from 95 to 430 microns, plays a crucial role in industries where impurities can impact printing and labeling. Key sectors adopting syntheti

The global wood fiber market has changed substantially over the past three years. Interestingly, despite a worldwide decline in hardwood pulp prices in 2023, the supply of hardwood pulplogs tightened primarily because of Russia's invasion of Ukraine. This geopolitical event triggered a significant increase in hardwood fiber prices, which have outpaced the rise in softwood fiber prices and led to a 44% surge in the Global Hardwood Fiber Price Index (HFPI) since late 2020 (see chart). Accor

The largest producer and exporter of packaging paper and sustainable paper packaging solutions in Brazil, Klabin announces the acquisition of Arauco's forestry operation in Paraná. The investment of US$ 1.16 billion includes the purchase of 85,000 hectares of productive forest areas mostly in the State of Paraná and 31.5 million tons of standing wood (expected volume), in addition to forestry machinery and equipment. Among the benefits of the acquisition, the compa

Kronospan a leading producer of wood panel products, announced today the closing of its purchase of Roseburg’s Simsboro, Louisiana, particleboard facility following the expiration of the required regulatory review period. Ownership of the plant has been transferred from Roseburg to Kronospan. The Simsboro particleboard facility will accelerate the growth of Kronospan’s wood panel production in North America. The company is committed to modernizing the facility in the pos

Raute is changing the composition of the Executive Board as of 1 January 2024. Mr. Petri Strengell, Executive Vice President, Wood Processing business unit, will take on a new role in Raute’s Wood Processing business unit heading the project delivery with a special focus on ensuring successful delivery of the major mill-sized orders received in 2023. At the same time, he will step down from the Executive Board. Mr. Jani Roivainen, currently Executive Vice President,

Nature Wood Group Limited  a global leader in vertically-integrated forestry and FSC business operations, today disclosed its unaudited financial results for the six months ended June 30, 2023. Financial Highlights: Total revenue for the first half of 2023 stood at approximately $15.6 million, marking a decrease of 49.6% from the $31.0 million recorded in the same period of last year. The Company reported a loss of approximately $1.

Sonoco today announced it will raise the price for all converted paperboard products by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after February 1, 2024. “This price increase is necessary due to continued increases in costs for uncoated recycled paperboard (URB), our primary raw material,” said Mike Thompson, Vice President of Sales and Marketing for Sonoco’s North American Converted Paper Products Division.

Shandong Huatai Paper has successfully started up a mechanical pulping line rebuilt by ANDRITZ at the mill in Dongying, Shandong Province, China. The rebuild not only increased the line’s capacity from 100,000 t/a to 300,000 t/a, making it the world’s largest mechanical pulping line for printing and writing paper production. It also considerably reduced the line’s energy consumption and increased its pulp yield and quality. Wei Lijun, Director of Shandong

Valmet and Saipem have signed a Memorandum of Understanding (MOU) to develop joint solutions to decarbonize the industrial sectors that face significant challenges in reducing their greenhouse gas emissions, also known as hard-to-abate industries. The companies will collaborate to offer effective solutions combining Saipem’s technologies for CO2 management with the heat recovery and flue gas treatment units engineered and produced by Valmet for the pulp, paper and energy segme

Work has begun on Saica Group’s new corrugated board factory in Barcelona, which will start operating in the spring of 2025. Located in the municipality of Sant Esteve Sesrovires, the plant will combine the operations currently carried out at Saica Pack El Prat and Saica Pack Barcelona. The new project involves an investment of more than 100 million euros and aims to increase the current joint production of the two factories by up to 45%. This facility not only signifies a piv