Month : October 2013

Edelmann Group acquires Janus Packaging in India

adminOctober 23, 2013April 9, 2021

October 23, 2013April 9, 2021

September 17, 2013 Edelmann Group, one of the leading Germany-based manufacturers of packaging materials, has acquired a 65 per cent share of Solan-based Janus Packaging in India. With 250 employees, Janus Packaging generated revenues of approximately 6 million euros last year. Production focuses on high-end packaging made of board for......

ITC gets clearance for plant from AP Wildlife Board

adminOctober 23, 2013April 9, 2021

October 23, 2013April 9, 2021

The Company plans to double capacity in its paperboards and Specialty Papers Division to one million tons September 17, 2013 ITC Paperboards and Specialty Papers Division (PSPD) got clearance for the much-awaited expansion project in Andhra Pradesh. The State Wildlife Board, which met under the chairmanship of chief minister N.......

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Archroma begins new era in delivering colour and specialty chemicals

adminOctober 23, 2013April 9, 2021

October 23, 2013April 9, 2021

Former textile, paper and emulsions businesses of Clariant were acquired by SK Capital Partners October 1 2013 Archroma announced its official launch as a newly formed global colour and specialty chemicals company that comprises the former Textile Specialties, Paper Solutions and Emulsion Products businesses of Clariant. To be combined into......

Metso acquires EPT Engineering Services in India

adminOctober 23, 2013April 9, 2021

October 23, 2013April 9, 2021

August 22, 2013 Metso has acquired the Indian engineering company EPT Engineering Services Private Limited. The acquisition follows Metso’s strategy and strengthens the company’s position in the growing Asian market. The value of the transaction will not be disclosed. EPT Engineering Services is a privately owned company providing design, detail......

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SCA invests in India

adminOctober 22, 2013April 9, 2021

October 22, 2013April 9, 2021

September 12, 2013 SCA will invest about SEK 150 million (USD 23 million approx.) in local production of hygiene products in southwest India. Production at SCA’s own plant is planned to commence in 2015. “This investment creates a solid platform for us to leverage the favorable growth opportunities that exist......

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AccuFlow II press fabrics generate record reorders

adminOctober 22, 2013April 9, 2021

October 22, 2013April 9, 2021

September 27, 2013 Getting a paper producer to run a trial on a new press fabric is a big deal. If the fabric does not perform, production is lost, time is lost, and money is lost while the trial fabric is removed and replaced. That is why the people at......

Sinar Mas owner is Indonesia's richest man

adminOctober 22, 2013April 9, 2021

October 22, 2013April 9, 2021

September 25, 2013 Billionaire Eka Tjipta Widjaja is Indonesia’s wealthiest man, says the Bloomberg Billionaires Index. Eka, who Bloomberg claims controls the world’s second-largest palm oil producer through Singapore-based Golden-Agri Resources, was reported to possess USD 8.4 billion in total wealth and was ranked 139 on the index of the......

Voith Paper Prepares for Weaker Paper Market

adminOctober 22, 2013April 9, 2021

October 22, 2013April 9, 2021

September 13, 2013 Voith Paper is preparing for a further worsening of the global paper market with a package of measures. The aim of the planned measures is to ensure the profitability and lasting competitiveness of Voith Paper under worsening market conditions. For this purpose, competences will be pooled together......

Stora Enso draws EUR 140 million loan for R&D projects

adminOctober 22, 2013April 9, 2021

October 22, 2013April 9, 2021

September 24, 2013 Stora Enso has drawn a EUR 140 million seven-year loan from the European Investment Bank (EIB) to be used for research and development. The interest rate of the loan is 3.3 per cent. “We have had long and fruitful co-operation with EIB. This is Stora Enso’s third......