Paper Industry News - Papermart

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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

Wisconsin Rapids Paper Mill to be Sold to Capital Recovery Group

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The idled portion of the Wisconsin Rapids paper mill will be sold to Capital Recovery Group next month. Apr 1, 2024 The Wisconsin Rapids Tribune said Billerud, a Swedish pulp and paper manufacturer, announced that it will sell the unoccupied mill and related assets. The Wisconsin Rapids paper mill has......
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ABB Upgrades Paper Machine at French DS Smith Mill Using Award-Winning SynRM Motors Technology

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This is the first project in France to be fully equipped with ABB’s award-winning IE5 SynRM motors technology. The motors and drives provided by ABB will boost energy efficiency at the paper mill, belonging to DS Smith Packaging Contoire-Hamel. It will also lower the noise and will require less maintenance......
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Spinnova Partners Suzano to Build New 20,000 TPA Facility for Wood-Based Fibre

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The new production facility is likely to be located near an existing Suzano pulp mill. Spinnova looks at the deal as one step ahead towards making its process and fibre ready for large-scale industrial production Apr 3, 2024 Finnish fibre maker Spinnova has signed a Letter of Intent (LOI) with......
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UPM Specialty Papers and Fazer Develop Recyclable Packaging Solution Without Plastic Lining

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The new type of packaging for Fazer’s Oat Rice Pies replaces the traditional plastic laminated packaging paper with an innovative paper solution, which is easier to recycle and does not compromise the protection it provides to the rice pies inside. Apr 3, 2024 UPM Specialty Papers and Fazer have jointly......
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Weyerhaeuser Joins Hands with Lapis Energy to Explore Potential Carbon Sequestration Sites in South US

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The two-year exclusive agreement covers 187,500 acres across Arkansas, Louisiana and Mississippi and spans five potential sequestration sites, including two locations previously identified by Weyerhaeuser as prospective opportunities for carbon capture and sequestration (CCS) development. Apr 3, 2024 One of the world’s largest private owners of timberlands and a leading......
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International Paper Offers USD 7.22 Billion Acquisition Deal to DS Smith, Giving Stiff Competition to Mondi

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International Paper makes an all-stock acquisition deal to DS Smith worth USD 7.22 billion, giving stiff competition to Mondi, which earlier made an all-share takeover offer worth USD 6.51 billion. Apr 3, 2024 Leading global forestry and paper company, International Paper, has made an all-stock takeover offer of 5.72 billion......
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Australia’s Maryvale Mill to Develop Energy by Burning Waste at New USD 600 Million Facility

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The Energy from Waste (EfW) facility will generate energy from the controlled combustion of non-hazardous residual waste materials. The project will reduce Victoria’s net CO2 emissions by an estimated 270,000 tonnes annually. Apr 3, 2024 Australia’s leading packaging and paper company, Opal, has formed a consortium with Veolia and Masdar......
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Mondi Enters Canadian Market with Acquisition of Hinton Pulp Mill for USD 5 Million

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The acquisition will strengthen Mondi’s position as global market leader in the production of kraft paper and paper bags. Mondi also plans to invest EUR 400 million in a new 200,000 tonne per annum kraft paper machine at the Canadian mill, which will become operational in 2027.  Apr 1, 2024......
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West Fraser And Mercer Announce Dissolution of Cariboo Pulp And Paper Joint Venture

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Located in Quesnel, British Columbia, Cariboo Pulp and Paper Mill has the capacity to produce up to 340,000 tonnes of high-quality Northern Bleached Softwood Kraft (NBSK) pulp annually. Apr 8, 2024 West Fraser Timber Company Limited and Mercer International Inc have announced an agreement to dissolve their 50/50 joint venture......
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SCA Signs USD 94.5 Million Deal with Nordic Investment Bank to Co-Finance Fasikan Wind Farm in Sweden

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Svenska Cellulosa’s wind project consists of 15 new wind turbines with a total annual production capacity of 333 GWh, producing enough power to supply around 15,000 homes. It is scheduled for completion in 2026. Apr 1, 2024 The Nordic Investment Bank (NIB) has sanctioned an SEK 1 billion loan to......