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ITC Writes New Gospel with Bible: Company lines up big global plans for Bible-paper business

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September 15, 2012 Bible is by most trade estimates, the world’s largest-selling book, with consistent annual sales of around 25 million and requires special paper. ITC (PSPD), the third-largest revenue generator for ITC after FMCG (including cigarettes) and agri-business is one of the largest players in bible printing paper in......
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UPM will increase its presence in the attractive Asian paper segments

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August 7, 2012 UPM takes further steps to reshape its business portfolio and expands in profitable growth businesses in Asia. The company will increase its presence in the attractive Asian paper segments and strengthen its position in the label materials value chain by building a new woodfree speciality paper machine......

Canada's Forest Products Industry Looks to Strengthening Trade Ties with China

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August 16, 2012 The Forest Products Association of Canada (FPAC) is urging the government to follow through on the conclusion of the Canada-China Economic Complementarities Study which states that Canada and China should continue to strengthen their bilateral trade and investment ties. Canadian forest companies are already working hard to......

Marubeni, Angara in talks to build $3.58 billion plant in Russia

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August 05, 2012 Japanese trading house Marubeni Corp is in talks with Angara Paper to build one of the world’s largest paper pulp plants in Russia, the Nikkei reported. The plant is valued at about 280 billion yen ($3.58 billion), the business daily reported. If the negotiations are successful, Marubeni......

Catalyst Paper to close its recycled newsprint mill in Snowflake, Arizona

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August 1, 2012 Catalyst Paper announced the permanent closure of its Snowflake recycle mill located in northeastern Arizona (USA) and its subsidiary the Apache Railway Company. The operations currently employ 308 salaried and hourly workers. The operation is scheduled to shut production on September 30, 2012. Catalyst implemented a number......

Sequana Announces Plans to Close Three Arjowiggins Paper Mills

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September 14, 2012 Pantin, France-based Sequana, which owns Arjowiggins and Antalis, announced plans to close three Arjowiggins paper mills: Dalum Papir A/S mill in Denmark (graphic papers), the Ivybridge mill in the UK (papers used for security documents, creative papers) and the Witcel mill in Argentina (creative papers). Arjowiggins produces......

Ilim Group Investing Over $580 Million in Modernization Projects

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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......

Mondi to Acquire Duropack's Containerboard Mill, Box Plants

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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......

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

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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......