Weyerhaeuser Company announced the completion of its acquisition of 69,200 acres of high-quality Alabama timberlands from Soterra, a subsidiary of Greif, Inc., for approximately $149 million earlier this week. Separately, the company announced an agreement to sell 145,000 acres of timberlands in the North Cascades region of Washington to Hampton Resources for $266 million. The company expects to recognize a gain on the sale and anticipates no tax liability in conjunction with this transaction

Fastmarkets, the global commodity price reporting agency, and NOREXECO ASA, the international pulp and paper exchange, announced that the exchange will launch two new cash-settled China pulp futures contracts on June 1 based on Fastmarkets RISI's NBSK CIF China assessment and Fastmarkets FOEX' PIX China BHKP Net index. Pulp futures are designed to help market participants manage their exposure to price risk. NOREXECO already lists contracts for hardwood and softwood pulp del

The "Global Pulp & Paper Chemicals Market: Plant capacity, Production, Operating Efficiency, Process, Technology, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer, and Price Intelligence Market Analysis (2015-2030)" report has been added to ResearchAndMarkets.com's offering. Global Pulp & Paper Chemicals demand is projected to grow at a healthy CAGR of 3.68%. These chemicals are used in paper industry to produce specialty papers

Simka Kagit Sanayi VE Ticaret AS, a Turkish manufacturer of various converted paper and paperboard products, has commissioned Voith to supply its OnQuality Quality Control System (QCS) of scanners and sensors to the company’s PM 1 in Kayseri, Turkey. The upgrade comprises the newest generation of scanners and sensors of Voith’s OnQuality QCS, the modular automation platform ComCore as well as a multi-year service agreement for the whole scope of supply. The new system wi

Komax Systems, Inc., is leading the way by solving problems for the Pulp and Paper Industry with Desuperheaters. Desuperheater Applications The desuperheater has many applications within the Pulp and Paper Industry. Desuperheaters are necessary as they reduce heat or desuperheat the steam used in the drying process, and aides other heat transfer equipment. The temperature of the steam needs to be accurately controlled as it enters the dryer roll.&nb

Valmet has delivered the world’s first fully virtual paper mill to Mondi’s new production line at the Mondi mill in Ruzomberok, Slovakia. Prior to the start-up of the Valmet-supplied Old Corrugated Container (OCC) line, the stock preparation and the containerboard machine, the new machinery’s virtual design twin is being used to train operators and other personnel. Valmet’s delivery of the Old Corrugated Container (OCC) and OptiConcept M containerboard making

The "Specialty Paper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global specialty paper market reached a volume of 35.8 Million Tons in 2020. Specialty paper refers to a special grade of paper which possesses specific properties and characteristics. It is designed for particular uses such as printing currency notes, packing beverages, water filtration, etc. For

Business Wire IndiaThe eighth edition of “Microfinance Plus”, a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax revealed growth in the portfolio outstanding by 16% year on year, indicating the resilience of the Indian Microfinance industry. From the overall industry’s gross loan portfolio, 55% was contributed by 5 states with West Bengal having the highest outstanding portfolio.Key highlights:

Modern Karton, the largest manufacturer of cardboard packaging and packaging paper in Turkey, recently signed a contract with Voith for the extension and modernization of its existing OCC line. Within the scope of the contract, Voith will also supply a new stock preparation line for pulp and recovered paper. The new order follows the successful upgrade and expansion of the existing DIP line. Modernization and capacity increase of existing OCC line The objecti

Sonoco announced it will raise the price for all paperboard tubes and cores by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after May 24, 2021. “This price increase is necessary due to continued increases in costs for uncoated recycled paperboard (URB), our primary raw material which remains in very tight supply. Additionally, we are feeling significant inflationary pressures in adhesives, packaging and logistics costs,” said Mi