Press Releases
11 September 2024
International Paper today announced that its board of directors elected Andy Silvernail as Chairman of the International Paper Board of Directors in addition to his role as Chief Executive Officer (CEO), effective October 1, 2024. Mark Sutton, who has continued to serve in the role of Chairman of the Board since retiring as CEO in May, will retire from the Board on September 30, 2024. International Paper Lead Director Chris Connor said, "On behalf of the Board of Dir
Read more...11 September 2024
Toscotec will present leading-edge innovations of the tissuemaking process including digital technologies at MIAC 2024 from 9th to 11th October in Lucca, Italy. At the MIAC Tissue Conference on 9th October at 3.30 pm, Toscotec will present “Digital technologies for sustainability: innovative upgrade of TT Brain DCS” with Sebastiano Goddi, Software Department Manager at Toscotec. The presentation will illustrate how major tissue producers are leveraging Toscotec’s D
Read more...Phoenix Paper is proud to announce the launch of two new product lines: Phoenix Tag™ and Phoenix Ledger™, expanding its portfolio of high-quality paper products designed to meet the diverse needs of the printing and packaging industries. Phoenix Tag™ is engineered to deliver exceptional durability and strength, making it ideal for a wide range of applications, including tags, labels, and specialty packaging. This robust paper product is designed to withstand the ri
Read more...10 September 2024
Stora Enso has appointed Pasi Kyckling as acting CFO until Niclas Rosenlew starts in his position as new CFO. Pasi will hold the role of acting CFO from 1 November 2024 until Niclas joins Stora Enso, at the latest in January 2025. As announced in May, Stora Enso’s current CFO Seppo Parvi will assume a role with a company outside of the forest industry. Pasi Kyckling is currently Group Transformation Officer at Stora Enso, steering the Group’s transformative initiatives t
Read more...Mercer Timber Products (MTP) secures second place in the Thuringian Health and Safety Award for exceptional workplace safety and donates prize money to the Thuringian Wish Wagon, supporting terminally ill patients in fulfilling their last wishes. MTP: Leading the Way in Safety and Community Compassion At Mercer Timber Products (MTP), our commitment to safety is unwavering, but we also believe in the power of compassion and giving back to our community. We are
Read more...9 September 2024
This week was the start-up meeting for the eighth round of the Forest Business Accelerator. As before, the program has caused several start-ups with forest innovations to apply to Västernorrland. Behind the program stands the incubator BizMaker in collaboration with SCA, IBM and RISE through Processum Biorefinery Cluster. This year's participants work within a broad spectrum, from the development of peat substitutes, optimization of wind turbines, digital tools for managing
Read more...6 September 2024
Ahlstrom, the global leader in masking and packaging tape base papers, has initiated a feasibility study for investing in tape base paper saturation and release coating capability. The feasibility study evaluates the most suitable approach to deliver these capabilities, and the final decision is expected to be made shortly after the study is completed. The potential investment would help meet the increased customer demand, mainly in the Americas, by further enhancing Ahlstrom's
Read more...6 September 2024
Line 5 Capital is excited to announce the first institutional investment in Engineered Recycling Systems. Based in Atlanta, GA, the company specializes in designing, installing, and servicing custom equipment and systems focusing on scrap metal recycling as well as pneumatic scrap handling and dust collection systems for the paper and paper converting industries. Line 5 Capital was supported by o15 Capital Partners with both debt financing and an equity co-investment alongside other
Read more...5 September 2024
Our Kingsport Mill was named the 2024 Business Recycler of the Year by the Tennessee Recycling Coalition during the organization’s annual Tennessee Sustainability Conference. The award is given annually to businesses that practice outstanding leadership in recycling and waste prevention. The Kingsport Mill award recognizes Project Smoky the conversion of the facility’s uncoated freesheet paper machine into the company’s first 100-percent recycled containerboard facility
Read more...5 September 2024
Suzano, the world’s largest pulp producer and a global leader in the manufacture of bioproducts developed from eucalyptus, today announced the completion of the purchase of a 15% stake in the Austrian company Lenzing, held by the B&C Group. The transaction is valued at 230 million euros (39.70 euros per share), as announced in June of this year. The transaction was subject to approval by regulatory authorities, which gave the acquisition unqualified approval. Long-
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