Thursday, January 7, 2021 - Member
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In This Issue |
Weekly Spotlight
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Market Roundup
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Pulp & Paper
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Containerboard/Packaging
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New Products
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Sustainability
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People
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TAPPI News
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Weekly Spotlight
Germany will retain its status as the world’s largest paper consumer within the next several years, according to recent reports of German media and some local analysts in the field of paper business.
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UPM and the US-based pulp and paper producer Domtar have signed an agreement for UPM to acquire the total annual kraft lignin production of Domtar's Plymouth Mill in North Carolina (USA) as of January 2021.
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ABB has completed a large-scale remote commissioning of winder drives, upgrading and commissioning PM5 installations at ITC’s Paperboards and Specialty Papers Division mill in south-central India.
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Market Roundup
The Navigator Company on Dec. 28 announced that it will increase paper prices in Europe from 4% to 6%, setting a minimum of 30 euros net per metric ton.
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Glatfelter Corporation announced the signing of a definitive agreement to purchase Georgia-Pacific's U.S. nonwovens business for $175 million, subject to customary post-closing purchase price adjustments.
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Avery Dennison on Jan. 4 announced that it has acquired the business of Ohio-based ACPO Ltd. for the purchase price of $87.6 million, subject to certain post-closing adjustments. ACPO is a leader in pressure-sensitive overlaminate products for the label and flexible packaging markets and has approximately 170 employees.
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Pulp & Paper
Global pulp and paper producers have no plans for a significant increase of their output and exports next year, due to a generally weak demand, caused by the pandemic and associated with these negative economic consequences.
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Cosmo Specialty Fibers (Cosmo) began the employment recall processes, progressing toward full operations in early February 2021.
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Metsä Board had signed an agreement to sell a 30% stake in its Husum pulp mill in Sweden to the Swedish forest owners’ cooperative Norra Skog. The transaction was completed on January 4, 2021, and its impacts will be included in Metsä Board’s financial reporting as of the January–March 2021 interim report.
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Containerboard/Packaging
International Paper announced that it has entered into an agreement to sell its 90.38% ownership interest in Olmuksan International Paper to Mondi Group for approximately EUR 66 million.
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The Philadelphia Inquirer reports that for families stuck indoors and desperate for entertainment, cardboard boxes can transform into a makeshift playground for the kids or a refuge for the cats. Day to day, though, they have been a crucial if often overlooked link in the nation’s supply chain.
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New Products
The Timken Company, a world leader in engineered bearings and power transmission products, is expanding its ADAPT™ bearing product line to include paper dryer applications.
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Valmet enhances the offering of Valmet Paper Lab, an automated paper testing laboratory, for linerboard applications. In recent years, a large share of the Valmet Paper Lab deliveries has already been for linerboard applications.
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Sustainability
Sulzer has announced its inclusion in the new 50 Sustainability and Climate Leaders documentary series produced by TBD Media Group. The series, which is hosted on the Bloomberg website, highlights companies rising to the challenge of climate change by developing solutions to enable a sustainable future.
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DuPont Nutrition & Biosciences (Wilmington, Del.) and Kemira Oyj (Helsinki, Finland) announced an exclusive partnership for the development and commercialization of DuPont’s enzymatic polymerization-based polysaccharide platform technology for certain applications.
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People
Pro-Gest Group's founder Mr Bruno Zago announces that Mr Francesco Zago will be taking over the role of the Group CEO from 2021.
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TAPPI News
We honor Charles Theodore (Ted) Gammon, TAPPI member of 49 years. He passed away on December 19th, 2020. We extend our sympathy and condolences to his family, colleagues and friends.
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Your TAPPI membership gives you access to discounts on everything from exercise apps to travel.
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TAPPI Press is here to help.
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Take advantage of these distance learning opportunities and grow your knowledge, your career or just sharpen your skills.
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Web handling and converting expert Dr. David Roisum’s popular courses are now available in an eLearning format.
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