Monthly Archives: April 2022

Marina Palm joins management of Palm Paper

Marina Palm, daughter of Dr Wolfgang Palm, joined the management of Palm on 1 March 2022. With this step, Palm Paper will continue as an independent owner-managed family business in the 5th generation. Ms. Palm starts her work at Palm well prepared after completing her bachelor’s and master’s degree in business administration and several years […]

North America pulp and paper market to reach USD 65.10 billion by 2029

The North America pulp and paper market size garnered USD 64.32 billion in 2021. The market is estimated to rise from USD 64.51 billion in 2022 to USD 65.10 billion by 2029 at a 0.13% CAGR during the forecast period. Fortune Business Insights™ has elucidated these inputs in its latest research report, titled, “North America […]

Schumacher Packaging acquires majority stake in German Kartonfabrik Kaierde

Germany’s Schumacher Packaging group has acquired a majority stake in Kartonfabrik Kaierde, a board producer with one plant in Delligsen, Germany, Euwid reports. Currently, the board plant has a capacity of 25,000 tpy of greyboard and unbleached board and employs 60 people. The acquisition will increases Schumacher’s solid board capacity by 50 per cent from […]

Katri Hokkanen appointed interim CFO at Valmet

Ms. Katri Hokkanen (M.Sc. Econ) has been appointed interim CFO at Valmet as of May 1, 2022. In this position she will report to President and CEO Pasi Laine. Katri Hokkanen joined Valmet in 2006 and is currently working as Vice President, Finance in Valmet’s Pulp and Energy business line. Prior to her current position, […]

Graphic Packaging Holding Company Reports Strong First Quarter 2022 Results

Graphic Packaging Holding Company today reported Net Income for first quarter 2022 of $107 million, or $0.35 per share, based upon 309.7 million weighted average diluted shares. This compares to first quarter 2021 Net Income of $54 million, or $0.19 per share, based upon 277.2 million weighted average diluted shares. Q1 2022 Highlights Net Sales […]

Fedrigoni finalizes acquisition of Divipa

The Fedrigoni Group, global leader in the production of high value-added special papers for packaging, publishing, and graphics, as well as premium labels and self-adhesive materials, announces the acquisition of Divipa, a Spanish company headquartered in Derio, a few kilometres from Bilbao, which develops, manufactures and distributes self-adhesive materials, with an estimated turnover of 24 […]

UPM and Paperworkers’ Union Agree on Business-Specific Collective Labour Agreements, Ending Strike

UPM and the Paperworkers’ Union have agreed on first-ever business-specific collective labour agreements for five UPM businesses. The strike at UPM mills in Finland will end immediately and employees will return to work. The strike covered UPM Pulp, UPM Communication Papers, UPM Specialty Papers, UPM Raflatac and UPM Biofuels units in Finland. UPM will restart […]

Andritz awards order for Dry End Tail Cutter to ProJet

ProJet will deliver a new dry end Tail Cutter to Andritz in Graz, Austria. The order was included in ProJet’s first quarter 2022 orders received. The value of the order will not be disclosed. The Tail Cutter is part of a big rebuild that Andritz is doing for a customer in Eastern Europe to improve […]

PulPac’s global IP portfolio for Dry Molded Fiber is expanding rapidly

PulPac is an R&D and licensing company that has developed Dry Molded Fiber, a breakthrough technology to replace plastic products with circular cellulose fiber alternatives. PulPac’s IP portfolio now covers key global markets with 84 national grants and hundreds more in pending applications. Most recent, the US Patent Office issued a notice of allowance regarding […]

Stora Enso divests its sawmills and forest operations in Russia

Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company’s Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso’s Russian forest operation which through its harvesting supplies wood to the sawmills.   Stora Enso’s assessment is that due to the uncertainties […]