Stora Enso is executing the investment of approximately EUR 110 million in converting the Varkaus Mill fine paper machine in Finland to produce virgin-fibre-based containerboard. Following the conversion into a linerboard machine, Varkaus Mill's capacity will be about 390 000 tonnes per year of kraftliner and 310 000 tonnes of brown unbleached kraft pulp and the containerboard machine is scheduled to start up during the fourth quarter of 2015.Read more
On Wednesday, April 8, the Paperboard Packaging Council (PPC) will kick off its 2015 Spring Outlook and Strategies Conference with its annual Associate Member Showcase Breakfast, which provides a casual forum for associate members to share their newest products and innovations.
As a value-added benefit, breakfast participants will also be entered into a drawing for a free registration to PPC's next Fall Meeting (a $1,495 value), to be held in October in Indianapolis, IN.Read more
The company plans to cut 56 jobs, of which 15 will be outsourced, according to the firm's works council president Jesus Lopez Rodriguez. He added that 48 jobs will be axed in Q1 2015, while the rest of the cuts will be spread throughout the year.
The ERE also provides for salary cuts of 20% on average for the rest of the employees.Read more