The $418 million expansion will increase diaper and training pant capacity by 50% and create 600 new jobs.
Hygienisches Papier
The closing of the agreement is estimated to occur at earliest on August 1st, 2024.
Hugues Simon to succeed Mario Plourde as President and CEO of Cascades.
The state-of-the-art facility will focus on tissue to meet the evolving demands of branded tissue in both Consumer and Professional Hygiene markets.
The start-up is scheduled for the Q4 2024.
Net income for the Q1 2024 was $17 million, or $1.02 per diluted share, compared to net income for the Q1 2023 of $24 million, or $1.40 per diluted share.
Designed for optimal energy efficiency, the new AHEAD 1.8 machine features an upgraded design TT NextPress shoe press, a third-generation TT SYD Steel Yankee Dryer, and high efficiency TT Hood.
Sipat Tissue will benefit from ABB's QCS in two of its modern machines, expecting to realise significant benefits that optimises quality, on-spec output at a low cost.
Sales in the wood product industry decreased by 0.2% from January.
Engineering and related work has begun, and startup of the machine is scheduled for 2026.
In May, the name of Grigeo AB is planned to be changed to Grigeo Group AB.
Grigeo AB has successfully completed the acquisition of one of the mills of Głuchołaskie Zakłady Papiernicze sp. z o.o (GZP), a Polish producer of tissue paper and paperboard.
With this new line Xuong Giang Paper’s tissue capacity will reach up to 72,000 tons per year.
Hengan’s second TAD machine will be installed at their headquarters production base in Fujian province, and it is scheduled for start-up in 2024.
Essity has completed the divestment of its entire holding of 51.59% of shares in the Asian hygiene company Vinda International Holdings Limited for HKD 23.50 per share. The sales proceeds amounted to HKD 14.6 billion (approximately $1.8 billion).
Effective May 1, 2024, Silvernail will succeed Mark Sutton, who previously announced the final phase of the CEO succession process.
The line will have an annual production capacity of 70,000 tons. The start-up is scheduled for the second half of 2025.
The proposed mill would be the largest of its kind in the UK and create 400+ jobs at the facility, as well as thousands more across the supply chain and the local economy.
UPM's businesses and the Paper Workers’ Union have been negotiating for the last two years of the contract period. The business environment has changed significantly since the agreements were signed in 2022, said UPM.
The additional equipment will increase the production of facial tissue by 25%.