Press Releases
Saudi Arabia’s Middle East Paper Company (MEPCO) has commissioned full-line supplier Voith with the construction of an entire production line for recycled containerboard at its Jeddah mill. The state-of-the-art and highly efficient line will achieve an annual production volume of up to 450,000 tons of high-quality Testliner and Corrugated Medium in the basis weight range of 70 to 140 gsm. The planned design speed is 1,600m/min. The start-up of the complete production line is scheduled f
Read more...13 May 2024
The Board of Directors of Westlake Corporation declared a regular dividend distribution of 50 cents per share for the first quarter of 2024. This dividend will be payable on June 6, 2024, to stockholders of record on May 21, 2024. This is the 79th successive quarterly dividend that Westlake has declared since completing its initial public offering in August 2004. The statements in this release that are not historical facts, including statements regarding future payment of
Read more...Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Within the context of subdued underlying market conditions due to the challenging macroeconomic environment I am pleased that the group delivered EBITDA of US$183 million, which was 10% above the prior year.” The increase was primarily due to an improvement from the pulp segment and significant costs savings, which included a 9% reduction in cash fixed costs following the closure o
Read more...New financial support for engineered wood production in Kamloops will protect and create forestry jobs, promote the development of high-quality, made-in-B.C. forest products and strengthen the local economy. “We’re taking action to support innovative manufacturing companies using new technology to diversify their operations and get the most value out of every tree harvested,” said Brenda Bailey, Minister of Jobs, Economic Development and Innovation. “By suppo
Read more...Toscotec will supply an OPTIMA 1800 slitter rewinder to Algerian tissue manufacturer Africaine Paper Mills (APM) at their production facility in Rouiba near Algiers. The start-up is scheduled for the fourth quarter of 2024. Designed for high efficiency winding, the new OPTIMA 1800 slitter rewinder will process near 2,800 mm width parent reels using two unwind stands. Toscotec will also supply a complete service package with erection supervision, training, commissioning, and start-up
Read more...With the goal to driving the decarbonization of the paper industry with innovative solutions, Voith is working on a concept to enable CO2-neutral paper manufacturing. To drive forward the further development of this groundbreaking process, Voith has entered a partnership with Essity, a leading global hygiene and health company. To conduct further research into the completely new approach, a pilot plant was installed at Voith’s Heidenheim site that is set to commence normal operation lat
Read more...Greene Tweed, a leading global manufacturer of high-performance sealing solutions and engineered components, has reached a new milestone in its global Sustainability Vision with today’s announcement that its UK branch has achieved the ISO 14001:2015 Environmental Management System certification with BSI. The Nottingham, UK facility is the first Greene Tweed location to obtain certification to this internationally recognized standard for environmental management systems develop
Read more...8 May 2024
Consistent with its standing practice, International Paper offers no comment on rumors or speculation contained in recent media reports. The IP team, led by new CEO Andy Silvernail, is executing on business strategies and pursuing commercial and cost improvement initiatives across the portfolio to achieve best-in-class profit margins and significant earnings growth. In addition, as industry conditions continue to improve, IP will come out of a cyclical bottom for earnings. The company is also
Read more...7 May 2024
With SolarFlow Green, Voith is setting yet another standard for paper manufacturing products made of renewable raw materials. The suction press roll cover is certified according to the internationally recognized DIN CERTCO standard for bio-based products. The cover combines all the advantages of the proven SolarFlow technology while simultaneously reducing the carbon footprint. This innovation is in line with Voith’s long-standing commitment and ambitious goals to promote sustainability
Read more...BTG launches the Single Point Freeness a new generation of drainage meter that provides information on the freeness, or the degree of dewatering and disintegration of pulp fibers in the suspension. This new instrument can be used at high process pressures (up to PN 25) and with a consistency up to 12%. It is also cloud ready, making it an instrument usable in many different applications, and allowing remote analysis. BTG has 50 years of experience in freeness measurement a
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