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Published in issue 30/2022
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Most UPM business divisions reported good business and solid demand in the second quarter of 2022. Against a 7 per cent increase in sales to €2.56bn y-o-y, the company said to have reached record Q2 earnings in 2022. Operating...
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Published in issue 28/2022
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A new forest products giant group is to be formed in North America as Paper Excellence, through its wholly owned subsidiary Domtar entered into a definitive agreement to acquire Resolute Forest Products. Accordingto Paper...
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Published in issue 18/2022
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Coming on stream after a 16 weeks' strike, UPM's Finnish paper mills might bring a new twist to the supply-demand ratio on European printing and writing paper markets. After the strike at UPM's mills in Finland ended Friday last...
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Published in issue 15/2022
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ND Paper, the US subsidiary of Chinese Nine Dragons Paper, is increasing production capacity for packaging products. At ND Paper's Biron, Wisconsin mill, the company will be converting its B26 paper machine from coated mechanical...
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Published in issue 14/2022
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The acquistion will accelerate Billerud Korsnäs' growth in North America. Verso common stock ceased trading on the New York Stock Exchange prior to the opening on 31 March, according to Billerud Korsnäs. Sweden’s packaging paper...
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Published in issue 13/2022
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Stora Enso has announced a major strategic step. The company will part with four publication and fine  paper mills making 1.7 million t of paper. Stora Enso has initiated a sales process for a possible divestment of four paper...
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Published in issue 11/2022
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Agreement between UPM and Finnish paperworkers’ union Paperiliitto remained elusive despite intensive negotiations. Paperiliitto said at the end of last week that employee representatives and UPM’s management had met on a daily...
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Published in issue 51/2021
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Swedish board and packaging paper producer Billerud Korsnäs has announced its acquisition of US publication and fine paper producer Verso Corporation for a purchase price totalling around $825m. Following completion of the...
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Published in issue 51/2021
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Canadian company Resolute Forest Products, plans to suspend pulp and paper production indefinitely at its US mill in Calhoun, Tennessee. This will withdraw nearly 150,000 tpy of pulp and 150,000 tpy of speciality graphic paper...
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Published in issue 45/2021
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US Verso Corporation is currently discussing with Atlas Holdings about a potential sale of the company to Atlas. Atlas Holding had presented an offer to acquire the paper manufacturer in July, offering $20 per Verso share. Verso...
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