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Paper Excellence’s Domtar gets Canada’s approval for Resolute takeover

11 January 2023
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Published in issue 1/2023
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~ 2 min
Canadian Commissioner of Competition has approved the acquisition of Resolute Forest Products by Domtar Corporation, a wholly owned subsidiary of Canada’s Paper Excellence. Under the definitive agreement signed in July 2022 Domtar...
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Voith to rebuild PM 11 for Shandong Huatai

01 September 2021
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Published in issue 35/2021
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~ 1 min
Engineering company Voith has bagged an order from Chinese company Shandong Huatai Paper to rebuild PM 11 to produce woodfree uncoated paper. In response to changed market demand, Shandong Huatai Paper decided to switch and...
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Stora Enso sells its Sachsen mill in Germany to Model Group

Stora Enso to sell its Eilenburg newsprint mill in Germany to Model Group

About 310,000 tpy of capacity are to be converted to recycled CCM

Stora Enso sells its Sachsen mill in Germany to Model Group
02 June 2021
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Published in issue 22/2021
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~ 3 min
Stora Enso announced that it would sell its Sachsen mill in Eilenburg, Germany, to Swiss Model Group for €35m. Model Group will convert the mill, which is producing various specialty newsprint grades and deinked pulp, to the...
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Verso reaches a deal with authorities to clear the way for New Page acquisition

Sale of New Page mills in Biron and Rumford to Catalyst is a prerequisite

08 January 2015
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Published in issue 1/2015
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~ 2 min
Verso Paper Corp has cleared a major hurdle in its efforts to acquire New Page Holdings: the company reached a settlement with US anti-trust authorities allowing the deal to take place provided that New Page’s mills in Rumford and...
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UPM focuses on new business structure and cost savings

07 August 2013
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Published in issue 32/2013
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~ 1 min
UPM will streamline its business portfolio and sharpen its product focus to address market challenges and boost profitability. To do so, changes are to be made in the structure of the corporate sectors. According to UPM, the new...
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Stora Enso halts newsprint production on Hylte PM 2 and Kvarnsveden PM 11

23 May 2013
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Published in issue 21/2013
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~ 3 min
Stora Enso has stopped newsprint production on PM 2 in Hylte and PM 11 in Kvarnsveden. The company explained that production was halted on May 16 for market related reasons and would now be suspended for the time being. Last...
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Mondi to shut down newsprint PM in South Africa, enters Iraqi market for industrial sacks

15 May 2013
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Published in issue 20/2013
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~ 2 min
Mondi Group will reduce its newsprint capacities in South Africa. At the same time, Mondi has expanded its presence in the Middle East by entering the Iraqi industrial sack market.The group plans to permanently close a newsprint...
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New Page files for creditor protection

14 September 2011
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Published in issue 37/2011
|
~ 2 min
New Page Corporation is in financial difficulties and has filed for creditor protection under Chapter 11 of the US bankruptcy law. The Canadian subsidiary New Page Port Hawkesbury is seeking creditor protection in accordance with...
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