Partners Group, a leading global private markets firm, acting on behalf of its clients, has agreed to acquire Velvet CARE, Central Europe’s fastest-growing consumer tissue producer, from Abris Capital Partners and plans to build value through initiatives including expansion in Central Europe and beyond. Velvet CARE is one of the largest manufacturers of hygiene tissue […]
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The Board of Billerud has appointed Ivar Vatne as President and CEO of the company. Ivar Vatne has been acting President and CEO since July 2023 and enters the permanent position with immediate effect. “The Board has conducted a thorough recruitment process and has evaluated both internal and external candidates,” said Jan Svensson, Chairman of […]
Over 300 exhibitors are set to showcase a wide spectrum of stationery, office supplies as well as personalised, cultural and trendy products at this week’s Paperworld China, which takes place at the Shanghai World Expo Exhibition & Convention Center. From 17 – 19 November 2023, the show will offer global buyers a well-rounded sourcing experience […]
Sappi Limited, a leading producer of dissolving pulp sold under the brand name Verve, continues to reach new milestones by completing the Higg Facility Environmental Management (FEM) verification audit at its Cloquet mill. Based in Northern Minnesota, USA, the mill is one of the leading dissolving pulp facilities to complete this external verification process. A […]
Mercer International inaugurated the Mercer Lignin Center, which is located on the site of Mercer’s Rosenthal pulp mill in Germany. “Our focus is on the full utilization of wood resources,” said Juan Carlos Bueno, CEO of Mercer International. “It is therefore only logical to exploit the often untapped potential of lignin.” Mercer Rosenthal produces kraft […]
Mercer International Inc. recently announced the temporary curtailment of operations at its Celgar pulp mill located in Castlegar, BC, including wood acceptance. The curtailment is currently scheduled to become effective July 29, 2023, until August 28, 2023. This temporary curtailment results from a significant loss of rail transport capacity resulting from the Vancouver port job […]
Billerud today announced that its President and CEO, Christoph Michalski, is leaving the company, with immediate effect. Michalski has held the position of CEO since November 2020. Billerud’s Board of Directors has appointed the current CFO and deputy CEO, Ivar Vatne, as acting CEO. Vatne joined the company as CFO in May 2019 and has […]
Russian plywood exports decreased by 41% to 2 million m3 in 2022. The export value fell by 39% to $1,2 billion. Europe and the USA have been the main markets for Russian plywood exporters. However, exports to Europe were vastly reduced due to sanctions imposed on Russia in 2022, and U.S. export duty on Russian […]
Valmet will supply an extensive rebuild for Sappi’s Somerset paper manufacturing facility in Skowhegan, Maine, USA. Previously, Valmet rebuilt paper machine 1 (PM1) and with its success, Sappi has chosen Valmet again to rebuild paper machine 2 (PM2). The order is included in Valmet’s orders received of the fourth quarter 2022. Its value will not […]
Functional Chemicals, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$20.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Bleaching Chemicals segment is readjusted to a revised 5.9% CAGR for the next 7-year period. The […]
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