BRUSSELS, April 10, 2015 (RISI) - BillerudKorsnäs has started upgrade work on its 260,000 tonne/yr semi-chemical (SC) fluting PM 6 at its Gruvön mill in Sweden.
The revamp, which will see PM 6 fitted with a new press section, began last Tuesday and will last for three weeks, Gruvön mill manager Fredrik Turzik told RISI. As part of the scheme, the firm will rebuild the pulping line and the wood room. BillerudKorsnäs selected Voith as the main supplier for the project.
Following the upgrade PM 6 is scheduled to come back online around April 27, Turzik said.Read more
ESPOO, Finland, April 13, 2015 (Press Release) - Metsä Boardannounces a price increase of € 40 per tonne for white fresh forest fibre linerboards in the continental European markets, effective May the 11th, 2015 as consequence of the good demand in the recent months and a strong market outlook.
Container Graphics Corp. recently filed a patent application for its UltraPerf™ Rule. CGC created UltraPerf ™ Rule* with one goal in mind – to substantially improve perforating with rotary cutting dies. UltraPerf incorporates a unique tooth profile specifically engineered to aid in the release of the corrugated board. UltraPerf radically improves the run-ability and quality of perforated board products.Read more
BRUSSELS, April 13, 2015 (RISI) - The Russian OBF group has divested its Astrakhan corrugated packaging plant located in southwestern Russia.
The asset was sold to the Diamond investor group, OBF said. The cost of the deal, which was finalized in March, was not disclosed.
OBF said that the divestment of the Astrakhan plant is part of the group's strategy to focus on containerboard production, adding that the corrugated packaging business is not on the firm's current priority list.Read more
BRUSSELS, April 13, 2015 (RISI) - Smurfit Kappa Group (SKG) has declined to comment on reports that it might be snapped up by the US-based packaging giant International Paper (IP).
Yesterday, several major UK papers, including The Sunday Times and The Telegraph, wrote that IP is working on a potential takeover bid for Smurfit Kappa worth over £6 billion ($8.7 billion).
SKG posted revenues of Euro 8.083 billion ($8.51 billion) in its full 2014 financial year,.