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Glatfelter to Divest Specialty Papers Business to Lindsay Goldberg for USD 360 Million

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The sale price includes approximately USD 320 million of cash proceeds and the assumption by the Purchaser of approximately USD 40 million of retiree healthcare liabilities. August 22, 2018 Glatfelter on August 21 announced it has entered into a definitive agreement to sell its Specialty Papers Business Unit (“SPBU”) on......
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Stora Enso Implements Augmented Reality and 5G Technology for Mill Maintenance

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Through the new technology, all necessary information is easily and visually at the disposal of experts in real-time, regardless of physical location. September 12, 2018 Stora Enso has been developing augmented reality (AR) and 5G technology solutions together with Telia. The utilization of augmented reality was first tested at Stora......
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Dunn Paper Acquires Clearwater Paper’s Ladysmith Facility for USD 72 Million

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Clearwater will use the net proceeds to help fund the expansion of its Shelby, North Carolina facility and opportunistically pay down debt. August 21, 2018   Clearwater Paper yesterday announced that it has sold its Ladysmith, Wisconsin facility to Dunn Paper for approximately USD 72 million. Clearwater said that it......
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Paper Industry’s Continuous Resource Sustainability Efforts & World Class Performance

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The Indian paper industry in the last few years has attained some remarkable improvements in areas of water and energy conservation, reducing pollution loads to environment, and tapping green energy. The manufacturing practice reforms have been initiated both by self-will and regulatory norms. The most striking thing however is positive......