Paper Industry News - Papermart

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Read the latest news and stories on the pulp and paper industry. Discover the stories that are trending and making impact in the market.

News

UPM Specialty Papers and Fazer Develop Recyclable Packaging Solution Without Plastic Lining

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The new type of packaging for Fazer’s Oat Rice Pies replaces the traditional plastic laminated packaging paper with an innovative paper solution, which is easier to recycle and does not compromise the protection it provides to the rice pies inside. Apr 3, 2024 UPM Specialty Papers and Fazer have jointly......
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Weyerhaeuser Joins Hands with Lapis Energy to Explore Potential Carbon Sequestration Sites in South US

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The two-year exclusive agreement covers 187,500 acres across Arkansas, Louisiana and Mississippi and spans five potential sequestration sites, including two locations previously identified by Weyerhaeuser as prospective opportunities for carbon capture and sequestration (CCS) development. Apr 3, 2024 One of the world’s largest private owners of timberlands and a leading......
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International Paper Offers USD 7.22 Billion Acquisition Deal to DS Smith, Giving Stiff Competition to Mondi

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International Paper makes an all-stock acquisition deal to DS Smith worth USD 7.22 billion, giving stiff competition to Mondi, which earlier made an all-share takeover offer worth USD 6.51 billion. Apr 3, 2024 Leading global forestry and paper company, International Paper, has made an all-stock takeover offer of 5.72 billion......
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Australia’s Maryvale Mill to Develop Energy by Burning Waste at New USD 600 Million Facility

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The Energy from Waste (EfW) facility will generate energy from the controlled combustion of non-hazardous residual waste materials. The project will reduce Victoria’s net CO2 emissions by an estimated 270,000 tonnes annually. Apr 3, 2024 Australia’s leading packaging and paper company, Opal, has formed a consortium with Veolia and Masdar......
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Mondi Enters Canadian Market with Acquisition of Hinton Pulp Mill for USD 5 Million

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The acquisition will strengthen Mondi’s position as global market leader in the production of kraft paper and paper bags. Mondi also plans to invest EUR 400 million in a new 200,000 tonne per annum kraft paper machine at the Canadian mill, which will become operational in 2027.  Apr 1, 2024......
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West Fraser And Mercer Announce Dissolution of Cariboo Pulp And Paper Joint Venture

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Located in Quesnel, British Columbia, Cariboo Pulp and Paper Mill has the capacity to produce up to 340,000 tonnes of high-quality Northern Bleached Softwood Kraft (NBSK) pulp annually. Apr 8, 2024 West Fraser Timber Company Limited and Mercer International Inc have announced an agreement to dissolve their 50/50 joint venture......
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SCA Signs USD 94.5 Million Deal with Nordic Investment Bank to Co-Finance Fasikan Wind Farm in Sweden

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Svenska Cellulosa’s wind project consists of 15 new wind turbines with a total annual production capacity of 333 GWh, producing enough power to supply around 15,000 homes. It is scheduled for completion in 2026. Apr 1, 2024 The Nordic Investment Bank (NIB) has sanctioned an SEK 1 billion loan to......
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Mondi’s Invests in Stambolijski Mill, Bulgaria to Reduce Water Consumption

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Mondi installed a turbo blower on the paper machine and a cooling tower in the turbine & evaporation area of its Stambolijski Mill in Bulgaria, which reduced specific water consumption by 30 percent against the 2020 baseline. Apr 1, 2024 Global packaging and paper group Mondi has reduced specific contact......
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Sappi Joins Hands with Biophilica to Launch Plastic-Free Leather Alternative

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Treekind is a uniquely sustainable, plastic-free biodegradable fabric made from leaf-based derivatives, which can give tough competition to leather. It is also non-toxic and PETA vegan certified. Apr 1, 2024 Sappi North America Inc, a leading producer and supplier of diversified paper, packaging products and pulp, has entered into an......
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UPM Takes Charge of World’s Biggest Single Line Pulp Mill from ANDRITZ

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UPM Paso de los Toros pulp mill is the biggest mill in Uruguay having capacity of 2.1 million tonnes of eucalyptus pulp per year. It will also contribute around 1 TWh of surplus green electricity per year to Uruguayan power supply. Mar 12, 2024 International technology group ANDRITZ, offering process......