Press Releases
LD Celulose S.A, a joint venture between the Austrian company Lenzing and the Brazilian company Dexco, invested about USD 1.3 bn in a 500,000 tonne/year dissolving wood pulp mill in the Triângulo Mineiro region in Brazil. Valmet delivered the key process islands and integrated automation solutions for the mill. The equipment operations and the production ramp-up in the new mill have now successfully started. Valmet delivered the project with extended scope of supply. Detailed
Read more...22 April 2022
Through the acquisition of the Finish Kotkamills Group Oyj, MM Karton expanded its position in the market for virgin fiber based board (FBB) and food service board (FSB). It also complemented the established market position in recycled fiber based cartonboard. MM Kotkamills operates two cartonboard/paper machines at the integrated site in Kotka (Southern Finland). The FBB/FSB board machine BM2 was modernized together with Bellmer in 2016. The saturated Kraft paper/impregnated paper
Read more...22 April 2022
Neenah, Inc. announced today it will issue a press release covering first quarter financial results after U.S. markets close on Wednesday, May 4, 2022. The Company will hold a conference call to discuss business results at 11:00 AM (EDT) on Thursday, May 5, 2022. Interested parties are invited to listen live via webcast by registering through the Investor Relations section of the company's website, www.neenah.com. Those who wish to actively participate in the call shou
Read more...Metrie®, North America’s largest manufacturer and distributor of millwork solutions, today completed its acquisition of EL & EL Wood Products Corp (“EL & EL”), the premier two-step distributor of moulding, millwork, and door products across the Southwest US. “We are excited to complete the acquisition and formally welcome the EL & EL team into the Metrie family. We are better, together,” commented Kent Bowie, President & CEO, Metrie.
Read more...Rayonier Advanced Materials Inc. plans to release its first quarter 2022 earnings on Tuesday, May 3, 2022 after the market closes. Rayonier Advanced Materials will host a conference call and live webcast at 9:00 a.m. EST on Wednesday, May 4, 2022, to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonieram.com. A replay of this webcast will be archived on the company’s website shortly after the call. Inves
Read more...Weyerhaeuser Company announced an agreement to purchase 80,800 acres of high-quality timberlands in North and South Carolina from a fund managed by Campbell Global for approximately $265 million. The acquisition is comprised of highly productive timberlands situated in strong coastal markets and strategically located to deliver immediate synergies with existing Weyerhaeuser timber and mill operations. Additionally, the acquisition is expected to deliver portfolio-leading cash flow and harvest
Read more...Valmet will supply a sizing section rebuild to Productora Nacional de Papel in Mexico. In the project, the board machine 1 (BM 1) will be upgraded to improve strength properties and add new coated white-top testliner grades (WTL) to the machine’s product portfolio. The start-up of the rebuilt machine is scheduled to take place by the end of 2023. The order is included in Valmet's orders received of the first quarter 2022. The value of the order will not be disclosed. The t
Read more...14 April 2022
Mondi Paper Bags, part of Mondi Group, a leading global packaging and paper manufacturer, has acquired the paper bag converting lines from National Bag and Egypt Sack, two subsidiaries of Lafarge Cement Egypt, a major cement producer in the country. The acquired production lines will increase Mondi’s capacity by around 150-180 million bags annually and strengthen Mondi's position in the Egyptian paper bag market. Mondi Paper Bags already operates two plants in Egypt and wi
Read more...14 April 2022
Production at the Baruth location has a new showpiece: The high-performance sawing line combines everything that state-of-the-art sawing technology has to offer. It is highly flexible. It is able to cut logs from 2.50 m to 5 m in length and 110 mm to 550 mm in diameter. Technical refinements, such as a cross-cut saw and laser-assisted optical log measurement with automatic cutting pattern adjustment, ensure added value and careful handling of the raw material wood. Following a short
Read more...Toscotec will rebuild the forming and press sections of PM1 at Cartonificio Sandreschi’s paper mill in Villa Basilica, Italy. Cartonificio Sandreschi had previously installed on PM1 several custom-made TT SteelDryers of 2,000 mm diameter to replace its existing cast iron cans. With this new order, the Italian cardboard manufacturer taps Toscotec for a complete rebuild, scheduled for the third quarter of 2022. The project consists of a modification of the wet end with the inclu
Read more...