Category: Paper & Converting

Paper & Converting

PCA to convert paper machine to high-performance virgin linerboard

Packaging Corporation of America recently announced that it has discontinued production of uncoated freesheet (UFS) grades on the No. 3 paper machine at its Jackson, AL mill and will begin preparing for the permanent conversion of the machine to linerboard. As previously disclosed, in order to meet strong packaging demand and maintain appropriate inventory levels,…

Paper & Converting

Ahlstrom-Munksjö’s CelluStraw receives compostability certification

Ahlstrom-Munksjö’s CelluStraw, a biodegradable and renewable fiber-based solution for paper straws, has received compostability certification from the Biodegradable Products Institute.   Ahlstrom-Munksjö works to create innovative products that provide high performance as well as sustainability benefits for customers and consumers. As part of the company’s continuous commitment to sustainability, CelluStraw™ papers are now BPI® certified,…

Paper & Converting

Metsä Spring invests in startup company Montinutra

Metsä Group’s innovation company Metsä Spring Ltd has made an equity investment in Montinutra Ltd, a startup converting forest industry side streams into high-value bioactive products. The financing round totals approximately EUR 1 million, and Metsä Spring is participating in the round with current and new private investors.   Montinutra intends to produce valuable ingredients…

Paper & Converting

Mayr-Melnhof Group successfully places one billion EUR Schuldschein loan

Mayr-Melnhof Karton AG, together with the arranging banks Erste Group, Bank Austria and Raiffeisenbank International, has successfully placed a Schuldschein loan and Namensschuldverschreibungen in a total volume of EUR 1 billion with a broadly diversified group of institutional investors in Austria and abroad. The original target volume of EUR 300 million was oversubscribed by a…

Paper & Converting

Domtar completes sale of personal care business

Domtar Corporation recently announced that it completed the previously disclosed sale of its Personal Care business to affiliates of American Industrial Partners for $920 million. This divestiture is a significant milestone in the Company’s strategic transformation to become a leading paper, pulp and packaging company. “The sale of The Personal Care business is part of…

Paper & Converting

Kruger announces expansion project

Kruger Inc. made three simultaneous announcements recently: 1) Its Kruger Products subsidiary is announcing a $240M project to expand its operations in the Sherbrooke region which will become a major hub for the production of tissue products in Québec;  2) Its Specialty Papers division will receive financial contributions totaling $146.1M; and 3) Kruger Products celebrated…

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