Double A Holdings Limited signed an Investment Cooperation Agreement with Dafeng Port Administrative Committee to establish an Integrated Pulp and Paper Mill Project in Dafeng Port Economic Zone.
International Paper announced that it has proposed to acquire all of the outstanding shares of Temple-Inland for $30.60 per share in cash. Under the terms of the proposal, the offer represents a 44% premium to Temple-Inland's price.
“Let's come to the point: Innovative service solutions for your stock preparation” was the motto behind Voith Paper's latest customer day at the Paper Technology Center (PTC) in Heidenheim on May 10, 2011. 40 participants from 23 German, Austrian and Swiss paper mills were able to attend.
Cascades Inc. said that it has entered into an agreement with OpenGate Capital, a private equity firm, for the sale of two of its boxboard facilities in the U.S. - the Versailles mill located in Connecticut and the Hebron plant located in Kentucky. Terms of the deal were not disclosed.
RockTenn announced that it will close three former Smurfit-Stone corrugated container plants in the fourth quarter of fiscal year 2011. The plants are located in Birmingham, Alabama; Jonesboro, Arkansas; and Santa Fe Springs, California. Existing business will be transitioned to nearby RockTenn facilities, the company said.
Metso will rebuild two board machines for M-real in Finland: the BM 1 cartonboard machine at the Kyro mill and the BM 1 cartonboard machine at the Äänekoski mill. The start-up of the rebuilt Kyro BM 1 machine is scheduled for the fourth quarter of 2011 and that of the rebuilt Äänekoski BM 1 machine for the second quarter of
Metso will supply a containerboard production line to Greenpac Mill LLC to their new mill site in Niagara Falls, NY, in the United States. The start-up of the production line is scheduled for the second quarter of 2013. The value of the order is approximately EUR 65 million. Metso's delivery will include a complete linerboard machine from headbox to roll
15 June, 2011 HRA Papers Pvt Ltd is putting up 70 TPD writing & printing paper and newsprint machine. The 3.3m wide machine is capable of running at 350mpm and will produce paper in the substance of 46 to 70 GSM. Start-up of the machine is scheduled in July, 2011....
BILT will pursue its USD 330-million IPO plans at the London Stock Exchange (LSE) in the next financial year, after completing its ongoing expansion projects. The company had put on hold IPO plans of its UK subsidiary in April when International Paper announced acquisition of Andhra Pradesh Paper Mills at USD 423 million. “The current market condition is not conducive
The Northern Technologies International Corporation and Harita NTI (HNTI), a TVS group company, have signed an MoU with ITC Limited to jointly develop and commercialise biopolymer-paper products targeted at the burgeoning consumer goods packaging market in India. Northern Technologies and Harita are manufacturers of sustainable biobased and certified compostable bioplastic materials.