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UPM Signs EUR 750 Million Revolving Credit Facility with Margin Tied to Long-Term Biodiversity and Climate Targets

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The EUR 750 million credit facility is the first step in building the funding base for UPM’s significant transformation projects. The five-year facility has two one-year-extension options. March 17, 2020 UPM is one of the first companies to link the pricing mechanism of a syndicated revolving credit facility (RCF) to......
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Cartiere Carrara Acquires Carind and CRC from Caldaroni Group

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The acquisition will give boost to the Carrara’s converting activities and tissue products offering in the AfH and Consumer Tissue segments. March 15, 2020 Italy’s Cartiere Carrara has completed the acquisition of converting companies Carind and CRC from the Caldaroni Group. Mario Carrara, Chief Growth Officer, Cartiere Carrara said, “The......
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UPM Develops New Wood-Based Biocomposite Material Using Renewable Resources

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UPM’s EcoAce biocomposite can reduces waste through less material consumption owing to multi-use material performance in its DNA. March 16, 2020 UPM has developed a new world-class biocomposite material which meets the highest sustainability requirements. The new material, called UPM Formi EcoAce, contains certified wood and cellulose fibers, as well......
Voith to Deliver Stock Preparation and Key Components to Pt. Mega Surya Eratamas Mojokerto Paper Mill
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Voith to Deliver Stock Preparation and Key Components to Pt. Mega Surya Eratama’s Mojokerto Paper Mill

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The Indonesian paper producer Pt. Mega Surya Eratama has assigned Voith to deliver the complete BlueLine stock preparation and paper machine key components for a new packaging production line at their Mojokerto paper mill in East Java. 24 April, 2020 Voith has signed the contract with Pt. Mega Surya Eratama......
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Stora Enso Introduces New Barrier Boards to Replace Plastic in Food Packaging

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The new barrier solution responds to market demands for eco-friendly, renewable and recyclable packaging materials to replace plastics in food service applications. February 18, 2020 Stora Enso has expanded its range of renewable packaging materials by introducing new dispersion barrier materials for paper cups and food packaging. The new dispersion......
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Corrugated Box Industry Keeps Supply Chain Moving Amid COVID-19 Crisis

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Since the coronavirus outbreak, there has been a huge shift in the global market, including the pulp and paper industry. March 20, 2020 The manufacturers of corrugated cardboard boxes are working to keep transport packaging flowing to makers of essential products including packaging for food and other consumer products, medical......
Valmet to Supply Fine Paper Making Line With Stock Preparation to Sun Papers New Mill 1 1
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Valmet to Supply Fine Paper Making Line With Stock Preparation to Sun Paper’s New Mill

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Valmet’s delivery is part of Sun Paper’s new greenfield mill in Beihai, which will eventually have a total pulp and paper capacity of 3.5 million tonnes annually. The mill will be constructed in two phases over approximately five years. April 27, 2020 Valmet will supply a fine paper making line......