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Mayr-Melnhof to Divest its Eerbeek and Baiersbronn Virgin Fiber Cartonboard Mills

admin
The divestment is in tandem with and is a major part of the company’s strategy to focus on new acquisitions and the growth CapEx. August 05, 2021 The Mayr-Melnhof Group and a subsidiary of funds managed by Oaktree Capital Management, L.P. have reached a firm intention on the sale of......
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Pratt Industries Announces USD 400 Million Investment in a New Recycled Paper Mill

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The construction work on the 450,000 sq ft mill would begin in March in the next year and the startup of the mill is scheduled in 2023. August 05, 2021 Pratt Industries announced it would invest USD 400 million in a new 100% recycled paper mill in Henderson, Kentucky. This......
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JK Paper to Set up Corrugated Packaging Paper Plant in Punjab

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JK Paper plans to invest around INR 150 crore to set up a corrugated packaging paper manufacturing unit at the Cycle Valley in Ludhiana. August 5, 2021 Welcoming the JK Group on its entry into the state with a planned investment of INR 150 crore, Punjab Chief Minister, Mr. Amarinder......
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Pladis Boosts Sustainability through Sonoco’s Fully Recyclable Envirocan

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The leading global snack manufacturer is using Sonoco’s EnviroCan range with paperboard end for its Mini Cheddars, Cheeselets, Cracker Crisps, and Twiglets products. August 04, 2021 pladis, the global snack company of the UK’s most iconic and renowned snack brands, has been making efforts to substantially reduce its environmental impact......
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Mayr-Melnhof M Group Completes Acquisition of Kotkamills

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The acquisition will strengthen the position of MM Kotkamills in the virgin fiberboard segment. With this undertaking, the company has forayed into the growing cupstock market and saturating kraft paper in which Kotkamills is one of the global leaders. August 04, 2021 The Mayr-Melnhof Group (MM) has acquired Kotkamills Group......
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Seshasayee Paper Plans Strategic Initiatives to Realign Business for FY22

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The company is expecting to complete the INR 315 crore expansion of its Erode unit in FY22. August 3, 2021 During its 61st AGM, Seshasayee Paper and Boards Limited has announced that the company has planned a three-pronged strategy to realign SPB’s focus to emerging global and regional trends amid......
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Papresa Implement Opt-Studio to Maximize Performance for Future Infrastructure Development Projects

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Greycon Ltd., experts in planning, scheduling, trimming and MES software, proposed their opt-Studio and X-Trim solutions to Papresa to help meet their goals. August 3, 2021 The Papresa Paper Mill in northern Spain produces newsprint paper and packaging paper from recycled paper. Mainly supplying newspaper publishers, together with other commercial......
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JK Paper Reports Multifold Jump in Net Profit to INR 104.22 Crore for Q1 FY2021-22

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Revenue from operations stood at INR 660.75 crore as against INR 469.24 crore in the year-ago period. July 31, 2021 JK Paper has reported a multifold jump in consolidated net profit to INR 104.22 crore for the first quarter ended June 30 on the back of higher sales and better......
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Metsä Board Invests EUR 210 Million for Capacity Expansion of Folding Boxboard by 200000 TPA

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Metsä Board has made an investment decision to increase the annual folding boxboard capacity by 200,000 tonnes per annum at its Husum integrated mill in Sweden. July 27, 2021 Metsä Board, part of Metsä Group, has invested EUR 210 million in increasing folding boxboard capacity at its Husum mill in......
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Tensei Converts Bio-waste into Paper Packaging

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The foundation of the Company is grounded on the aim to normalize the use of agricultural residue for packaging purposes. July 31, 2021 Tensei, the UK-based company, is a specialist in creating products that use agricultural waste crops, perennial grasses, or unrealized bio-waste streams (from places like the food manufacturing......