| Thursday, July 28, 2022 - Member
|
In This Issue |
|
Weekly Spotlight
|
|
|
From The Experts
|
|
|
Market Roundup
|
|
|
Pulp & Paper
|
|
|
Containerboard/Packaging
|
|
|
New Products
|
|
|
Sustainability
|
|
|
People
|
|
|
TAPPI News
|
|
Weekly Spotlight
The Georgia-Pacific corrugated plant in Bradford, Pennsylvania, will undergo a significant upgrade with an investment topping $34 million. The funding will provide new equipment to modernize the plant's operations.
|
ProJet received an order for 2 Power Cleaners (dryer fabric cleaners) from Keryas Paper mill for their Paper Machine # 1. The order is a spin-off of the successful installation of Power Cleaners that were already installed in the Middle East area.
|
Polish cardboard packaging maker Janmar Centrum has opened a new production facility in Stryków, in the country’s central part, as part of a project designed to boost the company’s manufacturing capacities.
|
U.S. paper and pulp giant Georgia-Pacific has announced a US$500 million expansion is underway at the company’s Broadway mill in the state of Wisconsin. The investment is expected to significantly expand the firm’s retail consumer tissue and towel business, Georgia-Pacific said in a statement.
|
The European Commission released the Winter Preparedness Package. The measures outlined in the package respond to the intertwined needs of European citizens and industry, in the face of a deteriorating situation regarding energy supplies.
|
From The Experts
By Marco Nottoli, A.Celli Group
The amount of dust created during slitting is of particular concern in tissue, paper and nonwovens plants, and this is especially true for producers in the hygiene industry.
|
Market Roundup
UPM's President and CEO, Jussi Pesonen, made the following comments on the company's Q2 2022 results.
|
Pulp & Paper
ABB has been appointed by Arauco, a manufacturer of forest products, to provide remote supervision in five of its pulp mills in Chile to ensure greater reliability and monitoring across all processes.
|
International technology group ANDRITZ has received an order from Sichuan Huaqiao Fenghuang Paper Co. Ltd. to supply a patented combi-pulping system for its mill in Guanghan, Deyang City, Sichuan Province, China. Start-up is scheduled for the third quarter of 2023.
|
Heinzel Holding GmbH and Paracel S.A. jointly announce that Heinzel has entered into an investment agreement to become the strategic equity investor in Paracel, an afforestation and pulp mill project in Paraguay, South America.
|
Containerboard/Packaging
The American Forest & Paper Association (AF&PA) released its June 2022 Packaging Papers & Specialty Packaging Monthly report.
|
Graphic Packaging Holding Company reported Net Income for second quarter 2022 of $66 million, or $0.21 per share, based upon 309.9 million weighted average diluted shares. This compares to second quarter 2021 Net Income of $38 million, or $0.13 per share, based upon 295.8 million weighted average diluted shares.
|
Packaging Corporation of America reported second quarter 2022 net income of $301 million, or $3.20 per share, and net income of $304 million, or $3.23 per share, excluding special items. Second quarter net sales were $2.2 billion in 2022 and $1.9 billion in 2021.
|
New Products
For maximum savings in pulp and paper production with the help of automation and digitalization, Voith and its wholly owned subsidiary BTG are merging their product portfolios. The two established data platforms, Voith’s OnCumulus and BTG’s dataPARC, will be merged into an integrated, hybrid system solution.
|
Stora Enso and Northvolt are joining forces to create sustainable batteries using lignin-based hard carbon produced with renewable wood from the Nordic forests.
|
Sustainability
Mondi, a global leader in packaging and paper, is investing nearly €65 million in three Consumer Flexibles packaging plants in Europe in order to meet growing customer demand for sustainable pet food packaging solutions.
|
WGAU reports that according to a new study by researchers in the University of Georgia’s Warnell School of Forestry and Natural Resources, replacing coal in Georgia’s power plants with woody biomass could not only meet Georgia’s power needs, but reduce carbon emissions.
|
People
Valmet announced that Ms. Katri Hokkanen (M.Sc. Econ) has been appointed CFO, effective August 1, 2022. She will report to President and CEO Pasi Laine.
|
TAPPI News
Please view the list of Upcoming August Webinars and Events.
|
Showcase your product and meet key decision-makers at PEERS/IBBC 2022.
|
Attend this live online Ask the Expert Event on TAPPI Connect on August 5. No Cost! Just log in to participate.
|
Join your peers in Milwaukee, October 4-6, 2022 at Specialty Papers US with speakers from Mars, Nestle, Dell Technologies, Pixelle, Eastman, Domtar and more…
|
Learn about the latest flexible packaging and converting innovations alongside your industry colleagues in Bratislava, Slovakia this October.
|
Nominations for Association-level awards are due August 1. Who’s worthy of TAPPI’s highest honors?
|
Fisher International is looking for applications to fill the position of a Strategy Consultant. Are you interested? If so, apply today.
|
|
| |
|
