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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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MM Group Postpones EUR 660 Million Poland Paper Mill Project to 2024

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MM Group has postponed the commissioning of its largest board and paper mill in Poland to 2024 due to European market conditions. The group had announced an investment of EUR 660 million for 2023-26, with disbursements until 2027.  Aug 15, 2023 MM Group announced in April the approval of a......
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Schumacher Packaging, Germany, Records EUR 1.2 Billion Annual Turnover; 40% Higher Than Previous Year

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The Schumacher Packaging Group has achieved an annual turnover of EUR 1.2 billion, nearly 40 percent higher than the previous year. The company attributes general market trends, acquisitions, and EUR 700 million investment in an energy-extensive programme as major drivers of this achievement. May 2, 2023 The Schumacher Packaging Group......
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Metsä Group Inked a Maintenance Deal with TiMi Tec

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The development work on the Kemi Bioproduct Mill project is progressing in accordance with the plan of Metsä Group. The new bioproduct mill, which will produce pulp, will be started in 2023. May 5, 2022 Metsä Group has signed a site maintenance contract with TiMi Tec Oy for the Kemi......
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Kemira will supply for Cascades’ New Recycled Board Mill in North America

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The global chemicals company will furnish the majority of the process and functional chemicals and chemistry application expertise for the end-to-end board manufacturing process at the Bear Island mill. The mill conversion is expected to be completed by the end of 2022 and it will have the production capacity of......