Press Releases

UPM Timber has been awarded Timber Development UK’s (TDUK) Sustainability Award. The Sustainability Award recognises a company that shows leadership in push for net zero emissions. TDUK is the largest, most comprehensive supply chain body for timber in the UK, with a mission to unite the supply chain, from sawmill to specifier, and to support a sustainable, net zero timber industry. ”The UPM Timber team has worked systematically and determinedly towards sustainability. I

Valmet has expanded its IQ Quality Control System offering by launching four new IQ Measurements for accurately measuring raw material components, color, and ash content. The new measurements allow packaging and nonwoven producers to maintain the desired product quality while further optimizing raw material usage, resulting in increased resource efficiency and reduced carbon footprint. “Valmet IQ is a leading brand in the industry, and this launch demonstrates our ongoing

DIEFFENBACHER GmbH Maschinen- und Anlagenbau acquired the composites business of the insolvent Schmidt & Heinzmann GmbH & Co. KG based in Bruchsal, Germany. The acquisition includes all intangible assets such as design and project documents and the know-how of the composites business. The employment contracts of the business unit’s 30-plus employees will be transferred to DIEFFENBACHER. Schmidt & Heinzmann filed for insolvency at the beginning of August 2024. Risin

Weyerhaeuser Company today announced the appointment of Paul Hossain as senior vice president and chief development officer, effective January 1, 2025. In this role, he will oversee the company's Real Estate, Energy & Natural Resources segment, including its Natural Climate Solutions business, as well as Business Development and Acquisitions and Divestitures. Hossain currently serves as vice president of Natural Resources and Climate Solutions for the company. He will be taking over f

The American Forest & Paper Association (AF&PA) recently announced the results of its 2024 Sustainability Awards, and Domtar was among the winners. Our winning project was our water conservation program, which began as a pilot program in 2023. It will save more than 1 billion gallons of water annually and contribute to our goal to reduce water use by 20 percent per unit of product by 2030 (compared to a 2019 baseline). AF&PA’s Leadership in Sustainability – W

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following a strong last quarter, I am pleased we were able to exceed our expectations for the year with Adjusted EBITDA* of US$684 million for the year ended September 2024. Our strong performance occurred against the backdrop of the subdued macroeconomic environment, ongoing low consumer confidence, and persistent geopolitical uncertainty.  A key highlight was the pulp segment&rsqu

Valmet's website, valmet.com, has reached the top position in Finland in the Comprend Webranking 2024. Webranking by Comprend is Europe’s leading survey of corporate websites and uses fifty key criteria and more than two hundred measurement points. The survey ranks the websites of Europe's largest listed companies by market capitalization. This year, a total of 642 companies participated. The ranking of Valmet's website in Comprend's survey has risen

As part of Grupo Corporativo Papelera's TM5 completion project, A.Celli Paper provides one of its distinctive forged Yankee Dryer for the customer’s plant in Huehuetoca, Mexico. After the successful project involving a new tissue production line, started up with great results in March 2020, Grupo Corporativo Papelera renews its trust in A.Celli Paper’s expertise and solutions to complete the TM5 plant dedicated to the production of 100 tons per day of 13-35 gsm tissu

GreenFirst Forest Products Inc. and Kap Corporation are pleased to announce that further to its press releases of July 2, 2024, September 19, 2024, October 4, 2024 and October 7, 2024, it has now closed the Plan of Arrangement that has resulted in the distribution of the outstanding shares of Kap Corporation to the GreenFirst shareholders on the basis of one common share of Kap Corporation for each ten common shares of GreenFirst held (the “Spin-out”). Commencing Novembe

The Lenzing Group, a leading supplier of regenerated cellulosic fibers for the textile and nonwovens industries, continued to gradually improve its business performance in the first three quarters of 2024. By contrast, the recovery of the markets relevant to Lenzing proved to be sluggish. While fiber sales volumes continued to rise during the reporting period, fiber prices remained at a low level. Raw material and energy costs remained high, and logistics costs also rose significantly.