Paper Industry News - Papermart
Papermart

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

Kruger to Convert a Newsprint PM to Recycled Containerboard Production

admin
The converted PM 10 is expected to come online in 2017 September 16, 2015 Canada’s Kruger Inc will invest some CAD 250m to modernise and convert the PM 10 newsprint machine at the Trois-Rivières mill to recycled containerboard production. The converted PM 10 is expected to come online in 2017,......
News

Sinar Mas & April to Invest in Indonesia's Pulp Production

admin
A combined USD 2.03 Billion investment is lined by both the companies September 26, 2015 Indonesia hopes to increase pulp production by 30 percent in the next two years on the back of the expansion of two commodity conglomerates, the Industry Ministry said. The country’s annual pulp production capacity is......
News

Stora Enso Completes the Divestments of its Barcelona Mill and Komárom Plant

admin
The two divestments will reduce Stora Enso’s annual sales by a total EUR 131 million October 2, 2015 Stora Enso has completed the divestment announced on 27 July 2015 of its Barcelona mill, which produces recycled-fibre based consumer board, to the private equity fund Quantum. The transaction is in line......
News

SCA to Acquire Wausau Paper Corp. for USD 513 Million in Cash

admin
Wausau Paper is one of the largest Away-from-Home tissue companies in North America October 13, 2015 SCA a leading global hygiene and forest products company, and Wausau Paper Corp. (“Wausau Paper”), a North American Away-from-Home tissue company, announced that SCA will acquire Wausau Paper for USD 10.25 per share or......
News

Arunachal to Sign MoUs to Boost Bamboo Sector

admin
The MoUs involve Numaligarh Refinery Limited and Hindustan Paper Corporation August 23, 2015 Arunachal Pradesh will soon ink Memorandum of Understandings (MoUs) with Numaligarh Refinery Limited(NRL) and Hindustan Paper Corporation to help potential bamboo growers in the state. Arunachal Pradesh Bamboo Resource Development Agency (APBRDA) Vice-chairman Yora Tagung informed that......
News

BILT to Sell Stake in Loss-Making Sabah Forest in Malaysia

admin
Bilt had acquired the largest Malaysian paper firm for USD 261 million in 2007 July 6, 2015 India’s largest paper company Ballarpur Industries Ltd (Bilt) is planning to divest its entire 98.08 percent stake in the Malaysia-based step-down subsidiary Sabah Forest Industries Sdn, for an undisclosed amount, according to a......
News

UP Based Paper Mill Under Scanner for Causing Pollution

admin
Mill to shut down operations as directed by CPCB September 1, 2015 As per media reports, an Uttar Pradesh paper mill has told the National Green Tribunal that they have decided to immediately shut down their operations in the wake of the Central Pollution Control Board’s direction to close their......
News

Probable Relief in Future for BILT Workers

admin
The management closed the factory due to adverse market conditions of Rayon grade pulp September 0, 2015 It appears that the machinery in BILT Kamalapuram Unit that went dead silent in April 2014 is to roar back again in the near future and paint smiles on the faces of more......
News

JK Paper to Scale Up Exports, Brand-Building in Domestic Market

admin
The company had made a major investment of Rs 1,775 crore to augment capacities August 25, 2015 JK Paper Ltd said it is planning further increase its exports by 25 per cent during the current year owing to availability of additional capacity. “The company is actively involved in market expansion......