Leipa receives €40m in state funds

International Paper Company (IP) has entered into an agreement to sell its 50 per cent interest in Ilim SA to its joint venture (JV) partners for an equity value of $484m. The sale was subject to regulatory approvals in Russia, the company announced....

Weak consumption continues to have a stranglehold on Germany’s packaging paper and cartonboard market at the start of the New Year. Recycled corrugated case material companies are already signalling that they will likely have to keep operating at reduced output because of subdued demand. January is expected to be...

South Africa‘s integrated packaging producer Mpact plans to upgrade its paper mill in Mkhondo in the Mpumalanga province and to mainly produce fresh fibre-based containerboard there in the future in order to meet growing demand. The company explained it would invest ZAR1.2bn (€66m) in the site. The start-up of the...