Rengo Co., Ltd. announces that its Board of Directors has decided to acquire 50% of shares issued by Kinyosha Printing Co., Ltd., making Kinyosha Printing a Rengo subsidiary. Additionally, Howa Sangyo Co., Ltd., a wholly-owned subsidiary of Rengo, will also acquire 20% of the shares issued by Kinyosha Printing, bringing the total investment ratio of […]
Monthly Archives: February 2021
SCA permanently closed paper machine LWC 4 at the Ortviken paper mill. This marked the end of SCA’s entire publication paper production. SCA started publication paper production at Ortviken in 1958. Since then, the mill had grown into one of the world’s largest publication paper production sites with an annual production capacity of 800,000 t. Structural […]
According to a Bloomberg report, Mondi considers a takeover of rival DS Smith. Paper and packaging group Mondi is reportedly looking into a possible takeover of British company DS Smith, according to the U.S. newsgroup Bloomberg. Mondi is said to be in talks with advisors and the project is still at an early stage, writes Bloomberg, quoting an insider who […]
Essity plans to start producing straw pulp at its Mannheim mill in Germany in the summer. Work on the mill whcih makes pulp and tissue is proceeding according to plan. Work on the new production plant at Essity’s German site in Mannheim is proceeding on schedule. The traditional German roofing ceremony was held on […]
Containerboard producers push prices, demand for corrugated products remains strong. SCA announced that it would increase prices for its white and brown kraftliner in Europe by €50 per tonne. The new price is valid from 1 April 2021. Demand on the European kraftliner market continues to be strong, the company said. The move follows on […]
Central European decor paper manufacturers want to pass on much higher pulp and titanium dioxide costs to their customers in the next round of contracts. These plans come in the wake of another improvement in their workloads compared with the fourth quarter of 2020. The mark-ups planned for shipments from March or April onwards are […]
Recovered paper prices have been rising recently everywhere in Europe. But while they are still doing so in many countries, French prices have remained stable for now in February. February was a quiet month for France’s recovered paper market. But industry insiders, especially those located close to the Franco-German border, were surprised and sometimes a […]
Pixelle continues to grow. The company plans to take over two of Appvion’s businesses, which will strengthen its position as a leading player on the US specialty paper market. US company Pixelle Specialty Solutions will acquire two business units of fellow American specialty paper producer Appvion Operations. Pixelle announced it had signed a definitive agreement […]
The European Investment Bank (EIB) has signed a Euro 200 million loan agreement with Metsä Fibre Oy for its investment in the Kemi bioproduct mill in Finland. The financing will support a Euro 1.6 billion investment, which will increase the production volume of pulp and other bioproducts at the Kemi site through state-of-the-art technology. The EIB-supported parts of the […]
Giovacchino Giurlani is the new Managing Director of the Fold Division of Körbers Business Area Tissue, the most advanced and complete supplier in the world of technologies dedicated to tissue. Giovacchino has an in-depth knowledge of the tissue market and technologies. After graduating in Electronic Engineering at the University of Pisa, he began his professional […]