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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

Tetra Pak Inaugurates Vietnam’s First Carton Packaging Material Factory

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The EUR 120 million state-of-the-art facility will serve both the domestic and export market. July 4, 2019 Tetra Pak has inaugurated the country’s first-ever aseptic carton packaging material factory in Binh Duong, adding Vietnam to its global supply chain map. As Tetra Pak’s eighth factory in the Asia Pacific region,......
News

Over 440 Companies Globally Remove Misleading Go Green Go Paperless Messaging

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Two Sides, a global non-profit promoting the sustainability of print and paper, continues to address misleading environmental claims made by some of the world’s largest corporations. July 9, 2019 Environmental claims such as “go green – go paperless” and “save trees” are regularly used by banks, telecoms, utilities, insurance companies......
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Cascades Wins Bid to Acquire Orchids Paper Products Assets for USD 207 Million

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The acquired assets are expected to generate annual EBITDA of approximately USD 45 million beginning in 2021. July 4, 2019 Cascades has entered into a definitive agreement for the acquisition of substantially all of the assets of Orchids Paper Products Company, following the approval there of by the United States......
News

Union Budget 2019 Proposes 10 Percent Custom Duty on Newsprint

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The Indian Newsprint Manufacturers Association has welcomed the decision. They claimed that duty-free cheap imports were making domestic mills unsustainable. Union Finance Minister Nirmala Sitaraman in her maiden budget speech has imposed 10 percent import duty on newsprint and 5 percent import duty on printed books. There was no import......
News

Renowned Industrialist BK Birla Passes Away in Mumbai at 98

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BK Birla was the chairman of Century Textiles and Industries and had been active in business since the age of 15. July 4, 2019 Indian industry stalwart and Birla group patriarch BK Birla passed away on July 3, 2019 in Mumbai after age-related illness. He was Chairman of the BK......
Uncategorized News

NewGen Eucalyptus Plantation is Farmer and Planet Friendly

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Farmer incomes are enhanced with agro farming of NewGen eucalyptus across India, making a meaningful contribution to carbon sequestration. July 2, 2019 The eucalyptus plantations in India with modern clonal technology have been shown to have no adverse impact on either the environment or on the water table, according to......
HEADLINE News

JK Paper to Invest INR 1500 Crore to Expand Capacity in Songadh Plant in Gujarat

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The expansion will also provide opportunity of raw material supply to local farmers. Approximately 10,000 tribal farmers will benefit from it. July 2, 2019 JK Paper Ltd. will set up a new manufacturing plant in Gujarat at an investment of Rs 1500 crore. A memorandum of understanding (MoU) has been......
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ITC Bhadrachalam Mill to Get Valmet’s Board Machine Rebuild

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Earlier, Valmet has also delivered a new recovery boiler and ash leaching plant to ITC’s Bhadrachalam pulp mill in India. June 27, 2019 Valmet will supply a board machine rebuild for ITC Limited at its Bhadrachalam Mill in India. The rebuild of board machine PM 7, currently producing folding boxboard,......
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Lenzing Group to Invest EUR 100 Million to Combat Carbon Footprint

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As part of its climate strategy, the Austrian fiber producer has set itself the ambitious goal of net-zero carbon emissions drastically over the coming years. June 24, 2019 The Lenzing Group, the Austrian-based fiber producer will invest EUR 100 million in energy efficiency measures and increase the share of renewable energy......
News HEADLINE

Emami Stake Sale Continues, Includes Paper Business for Divestment to Reduce Debt

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The total promoter stake in Emami subsequent to the stake sale, stands at a controlling majority of 52.74 percent. The promoters intend to maintain this stake. June 26, 2019 Kolkata-headquartered FMCG conglomerate promoters, the Goenka and Agarwal families have offloaded a 10 percent of their stake in the group flagship,......