Leading Stories

Rengo Co., Ltd. announces that it has invested in KINKI DANBORU CO., LTD. through third-party allocation and acquired a 28.6% share of the company.

Huhtamaki has acquired Zellwin Farms, a privately-owned business located in Zellwood, Florida in the United States. The $18 million enterprise value transaction will support Huhtamaki's growth within the molded fiber industry, specifically for egg cartons and egg flats.

Stora Enso plans to implement a new organisation with seven P&L responsible business areas reflecting the importance of its core business of renewable packaging in the business portfolio. The new flatter and streamlined organisation will increase customer focus, drive operational efficiency with increased integration, reduce complexity and enhance the Group's performance culture.

The agenda released by the authority includes Kimberly-Clark as one of the "New Projects" to be discussed. No specific details about the project were included in the agenda.

"The mill does not make products that are in high demand these days," said Jim Thompson, a Georgia-based paper industry consultant who grew up in Highland County, which is directly west of Chillicothe. "That's the basic problem." Thompson also said the site will be difficult to redevelop.

Operations generated $2.8bn in 2024 in three countries with eight mills and two conversion facilities.

Southeast Asia's Royal Golden Eagle (RGE) and Asia Pulp & Paper Co (APP), as well as Brazil's Suzano SA are the final bidders for Kimberly-Clark's international tissue business valued at around $4 billion, four people said.

The negotiations will affect approximately 100 senior salaried and directors working in UPM Plywood business organization, business functions and global functions in Finland.

Kimberly-Clark slashed its annual profit forecast on Tuesday as the Kleenex tissue maker said it would incur about $300 million in costs this year due to U.S. President Donald Trump's broad trade tariffs.

Through the BC Manufacturing Jobs Fund (BCMJF), the Government of British Columbia, Canada, is contributing as much as $11 million toward four forestry-sector capital projects in the province.

Columbia Falls firefighters responded to a fire in the hot oil room of the Weyerhaeuser MDF plant early Thursday morning, April 17.

The Simpsonville location specializes in corrugated packaging solutions and warehousing services.

One of the potential suitors, Indonesia's Asia Pulp & Paper, has sought a $2 billion loan for its acquisition bid, according to a Bloomberg News report last week.

The JV aims to develop Malaysia's first integrated pulp production facility, with an annual capacity of 150,000 tonnes.

Senator Moreno announced this morning that the closure initially set for June 13th, 2025 has been delayed until the end of the 2025 calendar year. Congressman Taylor applauded Senator Moreno's advocacy and the resulting delay in the mill's closure.

Ohio Governor Mike DeWine has issued a series of action steps following the recent announcement by Pixelle Specialty Solutions that they plan to close their Chillicothe paper mill in the coming months.

Stora Enso announced in October 2024 that it would acquire the entire share capital of sawmill and processing company Junnikkala.

International Paper Company says it's restructuring and shutting down its Hazle Township box plant, among three other locations across the country.

Norske Skog sold its Boyer mill in Australia to Boyer Capital, ensuring local ownership and future development.

Sylvamo, the world's paper company, is announcing Jean-Michel Ribiéras, chairman and chief executive officer, will retire Dec. 31.

Nils Hauri has officially commenced his role as the new Chief Executive Officer of Rottneros Mill, a key player in the paper and pulp industry. In his inaugural statements, Hauri acknowledged the significant challenges facing the company, emphasizing the turbulent state of the global market.

Pixelle Specialty Solutions LLC ("Pixelle") announced the planned closure of its Chillicothe, Ohio, mill as part of an effort to align its operational footprint with long-term business objectives.

Second proposal by the conciliator was accepted by UPM Plywood but rejected by the union.

The sale of these plants was agreed to with the European Commission as a remedy for IP's acquisition of DS Smith Plc, as published on the Commission's website on January 24, 2025. The conclusion of the divestment is subject to the European Commission's approval of the proposed purchaser.

Sofidel proudly marked the beginning of a new chapter in its Duluth mill with a groundbreaking ceremony for expansion.