Tag Archives: Containerboard Packaging

AF&PA Releases Q3 2023 containerboard quarterly report

The American Forest & Paper Association (AF&PA) released its Q3 2023 Containerboard Quarterly report. According to the report, total Containerboard production in the third quarter of 2023 decreased 1% when compared to Q3 2022 and was down 8% compared to the same 9 months last year. Highlights include: Operating rates for all major grades decreased […]

Dunapack Packaging completes take-over of Scatoloficio La Veggia in Italy

Prinzhorn Group’s Dunapack Packaging has completed the take-over of the corrugated packaging plant Scatoloficio La Veggia s.p.a. located in Roteglia, Italy. The plant has a production capacity of 200 million sqm annually with around 140 employees. Prinzhorn Group had announced its strategic long-term interest in Italy in 2022. Max Hölbl, Managing Director for Prinzhorn Holding and the Division Packaging, […]

Stora Enso Announces Restructuring Measures, Including Closures and Employee Cuts

Stora Enso is planning to restructure actions to strengthen the Group’s long-term competitiveness, improve profitability and focus capital allocation in strategic growth markets. Stora Enso is also taking the next step in driving a decentralised operating model targeting increased customer centricity, business focus and cost reductions. The planned restructuring actions, combined with previously initiated negotiations […]

Successful start-up of Cascades containerboard packaging plant

Cascades inc. announces that it has produced its first roll of 100% recycled containerboard at its Bear Island, Virginia mill. With annual production capacity of 465,000 short tons of lightweight, high-quality, 100% recycled containerboard, the state-of-the-art mill is equipped to perform within the top quartile of its industry, and will strengthen the operational flexibility, geographic […]

Russian authorities reject sale of Mondi Syktyvkar mill for Euro 1.5 billion

The Russian authorities have not approved the sale of Mondi’s Syktyvkar mill in the Komi Republic, Russia. A possible reason is too high a transaction price. The Syktyvkar assets were planned to be sold to Augment  Investments Limited for RUB 95 billion (Euro 1.5 billion). Augment is an investment vehicle majority owned by Viktor Kharitonin, comprising […]

Cascades to Permanently Shutdown the Corrugator at Its Belleville, Ontario Facility

Cascades announced the permanent shutdown of the corrugator at its Belleville facility, as part of the continuing optimization initiatives of the Corporation’s Containerboard Packaging platform in Ontario. Effective no later than December 2nd, the shutdown will provide the facility with a more sustainable business model by focusing its operations on converting activities as a high […]

A.Celli Paper and Shandong sign a contract for the supply of a paper rewinder

Shandong Jinthiane Paper Industry Co., Ltd signed a contract with A.Celli Paper marked the beginning of the business relationship between the two realities. The new E-WIND® P100 paper rewinder object of the supply will be used to process jumbo rolls of 170-400 gsm white coated board with a diameter of 4000 mm and a width […]

China’s GDP increased by 3.9% in 3Q

China’s economy recovered and showed sound momentum in the 3Q, notably better than the 2Q. The production and demands continued to improve, and employment and prices were generally stable. The national economy was generally performing within an appropriate range, according to the National Bureau of Statistics of China. According to preliminary estimates, the gross domestic […]

Paper Excellence Announces Indefinite Curtailment of Crofton Paper Mill Operations due to low demand from china & high costs

Paper Excellence announced the indefinite curtailment of its paper operations at the Catalyst Crofton facility on Vancouver Island in British Columbia, starting in early December 2022. Paper Excellence explained that paper markets in China served by the mill have significantly weakened while there have been substantial cost escalations for chemicals, energy, and wood fiber used […]

Huhtamaki divests its operations in Russia

Huhtamaki has sold its operations in Russia to Espetina Ltd. Espetina is a holding company owned by Alexander Govor and Iury Kushnerov. The transaction includes four manufacturing units in Russia, employing 724 people. On April 14, 2022, Huhtamaki announced its intention to divest its operations in Russia. This followed an earlier decision to stop all […]