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Stora Enso to divest its Maxau paper site to Schwarz Produktion
Stora Enso has signed an agreement to divest its Maxau paper production site in Germany, and all related assets to Schwarz Produktion, part of Schwarz Group, one of the top retailers in the world. The enterprise value is approximately EUR 210 million. Closing is expected in the beginning of 2023, at the latest, subject to regulatory approvals.
Sappi enters collaboration with packaging machine manufacturer Kallfass
Packaging paper manufacturer Sappi Europe and packaging machine manufacturer Kallfass have signed a collaboration agreement. As part of the partnership, the two companies are consolidating their expertise to develop a sustainable, paper-based alternative to film-based primary secondary packaging in the non-food packaging sector.
Stora Enso acquires De Jong Packaging Group
Stora Enso acquires De Jong Packaging Group, based in the Netherlands, for an enterprise value of approximately EUR 1,020 million. This acquisition will advance Stora Enso’s strategic direction, accelerate revenue growth and build market share in renewable packaging in Europe. De Jong Packaging Group is one of the largest corrugated packaging producers in the Benelux countries. Its product portfolio and geographic presence will complement and enhance Stora Enso’s offering, especially in fresh produce, e-commerce and industrial packaging.
FachPack
Mondi maps out sustainable packaging at Fachpack
Mond will showcase innovative sustainable packaging at this year’s Fachpack, the trade fair for packaging, packaging machinery and packaging design in Nuremberg. The team will demonstrate how Mondi’s customer-centric approach helps customers map their path to sustainability by asking the right questions along the value chain, considering the needs of customers, their products and our planet. During the Fachpack trade fair, Mondi will also present its product highlights to trade visitors in a short 30-minute presentation at the Innovationbox.
Metsä Group to recruit 65 new specialists through apprenticeship training
Metsä Group is inviting applications for its apprenticeship training programme, which will begin in January 2023. Approximately 65 new jobs will be offered in the production units across Finland. Metsä Group’s 18-month apprenticeship training programme has become a well-established way for the company to secure its future labour needs and promote competence development.
Huhtamaki divests its operations in Russia
Huhtamaki has sold its operations in Russia to Espetina Ltd. Espetina is a holding company owned by Alexander Govor and Iury Kushnerov. The transaction includes four manufacturing units in Russia, employing 724 people. On April 14, 2022, Huhtamaki announced its intention to divest its operations in Russia. This followed an earlier decision to stop all investments in Russia at the outbreak of the invasion of Ukraine.
Mondi opens laboratory that tests paper product recyclability
Mondi opened the Group’s first recycling laboratory at its Frantschach mill in Austria to test the recyclability of paper and paper-based packaging using non-paper components such as coatings. Conducting recycling tests in-house speeds up the process for developing sustainable packaging. While paper packaging offers many sustainability benefits, it also has certain barrier functionality limitations for products like perishable food. To enhance its functionality, non-paper components such as barrier coatings may need to be added, which in turn can impact recyclability.
New converting line at the Wepa site in Leuna
The Wepa Group has invested in a new converting line at its Leuna location. The highly efficient line was recently put into operation and enables the production of very soft and absorbent paper while using little raw material thanks to innovative technology. With this investment the Wepa Group underlines its objective of offering customers innovative products of the highest quality and to simultaneously act sustainably.
100 years and not tired at all: Drewsen Spezialpapiere congratulates PM 1
In 1922, the “big” new paper machine number 1 replaced its two obsolete predecessors from the early days of industrialization. 100 years later, it is the smallest of three paper machines at Drewsen Spezialpapiere in Lachendorf and responsible for 15% of production. On its special birthday and thanks to regular investments over the years, it is still considered to be not only state of the art but also competitive.
Sappi delivers record earnings for the third financial quarter 2022
Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am very proud of another quarter of record earnings against a backdrop of significant geopolitical turmoil, supply chain headwinds and extraordinary global inflationary pressures.” Strong global paper demand and pricing momentum offset sharply rising costs and the negative impact of scheduled maintenance shuts at four mills. EBITDA improved to a record US$371 million, up from US$337 million in the prior quarter and US$145 million in the equivalent quarter a year ago.
Sappi Europe announces further price increases for its Speciality Paper Portfolio
Sappi Europe informs customers about ongoing challenges to cope with further increases of pulp, energy, chemicals and transportation costs. Sappi therefore announces further price increases up to 18% for its entire Speciality Paper Portfolio. The implementation will be as of delivery dates 12 September, considering existing agreements. This will be in addition to the increases already announced earlier.
Walki acquires Finnish packaging producers Westpak and Flexipack
Walki Group has signed a definitive agreement to acquire 100 % of the shares in Westpak Oy Ab and Flexipack Oy Ab. Since years, these two companies form an integrated value chain, providing high quality flexible packaging solutions to leading Nordic food brands. In 2021 Flexipack and Westpak generated combined sales of about EUR 40 million. Together they are employing some 100 employees. Westpak is based in Säkylä, Finland, whilst Flexipack production facility is located in Vaasa, Finland.
