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Category : News

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

Ilim Group Investing Over $580 Million in Modernization Projects

Manik Seth
September 7, 2012 Ilim Group is investing this year more than USD 580 million to complete modernizing and expanding their mills. This was announced by Ilim Group CEO Paul Herbert at the media briefing held at the APEC CEO Summit in Vladivostok. “By the fifth anniversary of our joint venture...
News

Mondi to Acquire Duropack’s Containerboard Mill, Box Plants

Manik Seth
September 14, 2012 Mondi Group said that it has signed an agreement with Duropack GmbH for the acquisition of Duropack’s operations in Germany and the Czech Republic for EUR 125 million in cash. The deal includes a corrugated box plant – Duropack Wellpappe in Ansbach, Germany; and a recycled containerboard...
News

Fibria to Sell 100,000 Hectares of Forestlands in Brazil to CMPC

Manik Seth
September 10, 2012 Fibria said that it has received and accepted a binding offer from CMPC Celulose Riograndense S.A. for the purchase of forestry assets and lands located in the State of Rio Grande do Sul (“Losango”), Brazil consisting of approximately 100,000 hectares of owned areas and nearly 39,000 hectares...
News

UPM finalises the sale of its closed Albbruck paper mill

Manik Seth
August 14, 2012 UPM has completed the sale of its closed Papierfabrik Albbruck GmbH to the German Karl Group. UPM permanently ceased graphic paper production at the mill situated in Baden-Württemberg, Germany in January 2012. The Karl Group, experienced in developing industrial sites, is planning to establish new businesses on...
News

Aditya Birla Group to buy Terrace Bay Pulp Mill

Manik Seth
July 5, 2012 Aditya Birla group said it is acquiring Terrace Bay Pulp Inc, a North American paper grade pulp company, for USD 110 million (over Rs 600 crore) and would make a further investment of over USD 250 million (about Rs 1,400 crore) on this company in a phased...
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