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

WEPA Professional Acquires Star Tissue UK

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WEPA Professional has acquired Star Tissue UK showcasing their commitment to increase their presence in the UK’s professional hygiene market. The newly acquired entity will operate under the name ‘WEPA Professional UK’. Jan 11, 2024 WEPA Professional, a leading European hygiene specialist, has announced the successful acquisition of Star Tissue......
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UPM Completes the Sale of its Steyrermühl Site to Heinzel Group

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UPM has finalized the sale of the Steyrermühl site to Heinzel Group which was announced in June 2022. Jan 02, 2024 UPM has announced the finalization of the sale of the Steyrermühl site and all related assets to Heinzel Group, thereby closing the transaction announced in June 2022. The production......
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Metsä Group Plans to End its Sawn Timber Production in Merikarvia

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Metsä Group plans to discontinue the sawn timber production in Merikarvia by the summer of 2024. Jan 08, 2024 Metsä Group plans to discontinue the sawn timber production in Merikarvia, Finland. According to the plans, production would end by summer 2024. The change negotiations at the Merikarvia sawmill concern all......
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Sofidel Acquires a New Production Plant from ST Paper In Minnesota

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Sofidel, to accelerate its growth in the USA, has acquired a paper mill from ST Paper in Duluth, in Minnesota, United States, having a production capacity of 65,000 metric tons per year.  Jan 04, 2024 Sofidel, the world’s leading manufacturer of paper for hygienic and domestic use, has acquired a......
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Runtech Systems Delivers Vacuum System to Sonoco, Indonesia & Sonoco Stainland, UK

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Runtech Systems has recently delivered a RunEco vacuum system rebuild to Sonoco Products Co. Subang mill and one in the Stainland mill in the United Kingdom. Jan 10, 2024 Runtech Systems has delivered a RunEco vacuum system rebuild to Sonoco Products Co. Subang mill in Indonesia. The delivery includes a......
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Sanstar to Raise INR 425-500 Crore to Expand its Facility in Maharashtra

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Sanstar Limited has filed draft papers with SEBI to raise Rs 425-500 crore through an initial public offering to expand its facility in Dhule, Maharashtra. Jan 04, 2024 Sanstar Limited, Ahmedabad-based manufacturers of plant-based speciality products and ingredient solutions has filed draft papers with SEBI to raise Rs 425-500 crore......
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Saudi Arabia’s PIF Acquires 23.08% Stake in MEPCO

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PIF has acquired a 23.08 percent stake in MEPCO by way of capital increase and subscription to new shares to expand its production, raise its operational efficiency, and support environmental sustainability, through recyclable products. Jan 04, 2024 The Public Investment Fund (PIF) has recently completed the acquisition of a 23.08......
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ITC Sunfeast Launches Industry-First 100% Paper-Based Packaging

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ITC Sunfeast Farmlite recently launched its new offering in 100 percent outer paper bag packaging to reduce plastic and inspire sustainable consumer choices. Jan 06, 2024 ITC Sunfeast Farmlite, a range of wholesome biscuits from ITC Foods, has launched its new offering, Sunfeast Farmlite Digestive Biscuit Family pack in 100......
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ITC PSPD’s Bhadrachalam Unit Receives the GreenCo Platinum+ Rating

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ITC PSPD’s Unit Bhadrachalam recently received the GreenCo Platinum+ rating under the CII GreenCo – Green Company Rating System.  Jan 05, 2024 ITC’s Paper and Paperboards factory in Bhadrachalam, Telangana, recently received the “GreenCo Platinum +” rating from the Confederation of Indian Industry (CII). The largest paperboard manufacturing unit of......