Business Wire IndiaPiramal Glass, Asia’s largest speciality glass manufacturer, has successfully kicked off its first cross-border trade digitisation programme using blockchain. The company is prioritising the technology in 2021 as a means of unlocking hidden margins and efficiency through digital automation. The team partnered with enterprise blockchain platform, #dltledgers, a leading fintech operating out of Singapore and India.The first phase of thi

Metsä Group’s innovation company Metsä Spring Ltd has made an equity investment in Montinutra Ltd, a startup converting forest industry side streams into high-value bioactive products. The financing round totals approximately EUR 1 million, and Metsä Spring is participating in the round with current and new private investors. Montinutra intends to produce valuable ingredients for the cosmetics, food and beverage, and pharmaceutical industries using forest indust

Weyerhaeuser Company announced an agreement to purchase 69,200 acres of high-quality Alabama timberlands from Soterra, a subsidiary of Greif, Inc., for approximately $149 million. The acquisition is comprised of highly productive timberlands situated in southwest Alabama, approximately 100 miles north of Mobile. Key attributes include: Strategically located in one of the strongest inland sawlog and fiber markets in the U.S. South, with a deep and e

Clearwater Paper Corporation announced that Mike Murphy, senior vice president and chief financial officer, and Heidi Blair, vice president and treasurer, will present virtually at the J.P. 2021 Global High Yield & Leveraged Finance Conference on March 1 at 1:15 p.m., Pacific Standard Time. Mr. Murphy and Ms. Blair will also be available for one-on-one meetings. Accompanying slide materials for the conference can be accessed by Monday, March 1 on the Investors section of Clearwa

Packaging Corporation of America announced that it has discontinued production of uncoated freesheet (UFS) grades on the No. 3 paper machine at its Jackson, AL mill and will begin preparing for the permanent conversion of the machine to linerboard. As previously disclosed, in order to meet strong packaging demand and maintain appropriate inventory levels, the machine temporarily began producing linerboard in the fourth quarter of 2020 and continued producing linerboard in the first quarter of

Today MEPCO and Toscotec signed a turnkey supply contract for a high efficiency AHEAD 2.2L tissue machine. Toscotec is one of the world’s leading manufacturers, specialized in turnkey projects, complete lines, rebuilds and single equipment for the tissue and paper & board industries. MEPCO’s tissue machine will have a production capacity of over 60,000 tons per annum of tissue jumbo rolls, covering a wide range of basis weights. The AHEAD 2.2L machine features a TT N

International Paper has acquired Berkley International's Molded Fiber (pulp) manufacturing division, Berkley MF LLC, for an undisclosed purchase price. Calabasas Capital served as exclusive financial advisor to Berkley. After seven years of manufacturing outside of Los Angeles, Berkley moved operations into an 80,400 square foot state of the art molded fiber manufacturing plant outside of Reno, Nevada in 2019. Berkley International works with high growth CPG companies

SCA increases the prices on white and brown kraftliner in Europe by €50 per tonne. The new price is valid from April 1, 2021. “The European kraftliner market continues to be strong and stable”, comments Mikael Frölander, VP Sales and Marketing Containerboard. For further information: Björn Lyngfelt, Communications Manager, tel. +46 70 626 82 23 Mikael Frölander, VP Sales & Marketing Containerboard, tel. +46 70 616 81 10  

Toscotec will supply two TADVISION® tissue machines to Hengan International Group at its Shandong and Hunan mills in China. Toscotec’s TADVISION® line is designed to ensure superior bulk, softness and absorbency. With this order, Hengan breaks through the barrier of conventional and textured tissue in the Chinese market, aiming to manufacture top quality structured tissue with the highest bulk, softness and absorbency properties. The start-up is scheduled for 2022. The

International Paper, a world leader in renewable fiber-based packaging, pulp and paper products, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2021 World's Most Ethical Companies. International Paper is one of only six companies to be recognized for the 15th consecutive year and one of only two honorees in the forestry, paper and packaging industry. In 2021, 135 honorees were recognized spa