| Thursday, February 1, 2024 - Member
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In This Issue |
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Travels with Larry
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Weekly Spotlight
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From The Experts
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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 Career Wire
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TAPPI News
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Travels with Larry
The students have the heart and passion dedicated to improving, changing, and enhancing the greatness of the greenest industry in the world.
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Weekly Spotlight
Metsä Group and Fortum Recycling & Waste have signed an agreement on dismantling the old pulp mill in Kemi, Finland. Fortum Recycling & Waste will be the main contractor for the demolition project and the demolition site will employ approximately 50 people. The price of the demolition contract will not be disclosed.
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Paper Excellence Canada announced the indefinite curtailment of paper operations at the Catalyst Crofton facility located on Vancouver Island, BC.
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Kadant Inc. announced it has completed the acquisition of KWS Manufacturing Company, Ltd. for approximately $84 million in cash, subject to certain customary adjustments. The acquisition was financed primarily through borrowings under Kadant's revolving credit facility.
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Shandong Huatai Paper and Voith Paper successfully started up PM 11 in the eastern Chinese province of Shandong. PM 11, a former newsprint machine, was successfully rebuilt for the production of high-quality graphic paper. The machine's web width is 10.2 meters and the design speed 1,800 m/min. With the help of leading Voith technologies, the annual capacity of the rebuilt PM 11 can be increased from 400,000 to 520,000 tons.
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From The Experts
By Simon Foster, BASF
I hope that 2024 is off to a great start for you. As we close the book on 2023 and begin anew in 2024, it will be interesting to see what lies in store for the printing and packaging industry in this New Year. Although nothing really changes when we move from one year into the next, it certainly feels like we’re stepping through the threshold into a new chapter every time the calendar switches from December to January.
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Market Roundup
The American Forest & Paper Association (AF&PA) released its the Q4 2023 Containerboard Quarterly report.
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In 2023, the roundwood prices on delivery timber increased for sawlogs by 12 percent and for pulpwood by 37 percent in comparison to 2022. The prices are volume weighted averages for delivery timber and refer to current prices, which do not take inflation into account.
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Packaging Corporation of America (NYSE: PKG) on Jan. 24 reported fourth quarter 2023 net income of $189 million, or $2.10 per share, and net income of $192 million, or $2.13 per share, excluding special items.
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Pulp & Paper
Toscotec will supply an OPTIMA 1800 slitter rewinder to the Navigator Company at their Cacia production base in Aveiro, Portugal. The start-up is planned for the second half of 2024.
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Guangdong Hengan Paper Co., Ltd. has successfully started up the two new ANDRITZ PrimeLine tissue machines at its mill in Yunfu, Guangdong, China. Hengan has now 15 ANDRITZ tissue machines in operation.
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Containerboard/Packaging
The American Forest & Paper Association (AF&PA) released its Q4 2023 Boxboard report.
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VPK Group announced that it has entered a joint venture with IEMME srl, an Italian corrugated cardboard company based in Gambolo (near Milan), Italy.
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WestRock Company announced plans to build a new corrugated box plant in Pleasant Prairie, Wisconsin, to meet growing demand from customers in the Great Lakes region. The company intends to close its existing plant in North Chicago when construction of the new facility is completed.
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New Products
International technology group ANDRITZ was selected by tissue producer Softys Peru as technology partner for a completey new kind of hybrid Yankee hood heating system.
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DENIOS Fire Rated storage cabinets provide 90 minutes of fire resistance, making them ideal for safe, secure storage of flammable and combustible liquids. Independently fire tested, FM 6050 approved, and UL and ULC listed, these safety cabinets ensure compliance with the most stringent safety regulations and quality standards for the storage of flammable liquids.
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Sustainability
Metsä Board, part of Metsä Group, has achieved home compostability certification for all its white kraftliners and folding boxboards (excluding PE-coated grades). The certification was issued by DIN CERTCO based on the compliance with standard NF T 51-800.
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The forest industry, technology companies, research organizations, and universities have joined forces to revolutionize the traditional pulping processes under the joint leadership of VTT Technical Research Centre of Finland and RISE Research Institutes of Sweden.
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The "Global Consumer Packaging Strategies: Adapting to Cost Pressures" report has been added to ResearchAndMarkets.com's offering.
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The leading full-line supplier Voith is intensifying its commitment to the 4evergreen alliance with a number of pioneering projects. Among other things, the focus is on innovative processes for dissolving barrier papers on an industrial scale.
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People
The UK Sheet Plant Association (SPA) is hosting its 108th Conference at a favoured venue – Delta Hotels by Marriott Forest of Arden Country Club – on Monday 26th February 2024. The theme of the Conference is ‘People’ and the the Committee has confirmed Jean-Pascal Bobst as Keynote Speaker.
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Dave Mitton recently retired from International Paper after 47 years of service.
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TAPPI Career Wire
Forum Energy Technology - DYNACON Bryan, Texas
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Pennsylvania State University University Park, Pennsylvania
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City of Naples Naples, Florida
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City of Rochester Hills Michigan
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TAPPI News
Hurry, this special Press Sale won’t be repeated
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Renowned Business Leader to Challenge Conventional Leadership Thinking with a Focus on "Truly Human Leadership"
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TAPPI honors the legacy of James Carbone
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Subject matter experts to delve into various aspects of flexible packaging conversion,
highlighting opportunities that can help achieve a more eco-friendly packaging landscape
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