After local media reported that the firm has filed an application to erect a Rupee 40 billion ($653 million) manufacturing unit in Dahej, Gujarat, on the country's mid-west coast, an IP spokesman confirmed there was some discussion of the possibility.
"Consistent with IP's global strategy, we are always reviewing opportunities to expand our packaging and paper portfolio in attractive markets," responded IP spokesman Thomas Ryan.Read more
MELBOURNE, Australia, Sept. 18, 2014 (RISI) -Daio Paper has started up a revamped PM at its Iwaki mill in Fukushima prefecture, Japan, which is now producing recycled containerboard.
In February, the firm closed a 300,000 tonne/yr fine paper machine at its Kani mill in Gifu prefecture, and relocated it to the Iwaki plant in Fukushima, rather than its Mishima mill as previously reported.
The PM recently started test runs, with the official launch of commercial production set for next month.Read more
In June, its production rates were 25% or 25,000 tonnes below June 2013 levels, and shipments of the grade dipped 15%, or 13,000 tonnes.
It is planning to produce corrugating medium 30% below July 2013 levels this month - a difference of 31,000 tonnes. What's more, it announced it was willing to curtail production by an additional 5,000 tonnes, if necessary.Read more
The JFTC is using the fines to punish companies that attempted to control corrugated board prices by acting in concert with one another.Read more
BRISBANE, Sept. 20, 2013 (PPI Asia) -The High Court of New Zealand has settled with Australian packaging giant Visy regarding cartel activity there in 2000-2004.
The settlement will see Visy pay a NZ$3.6 million ($3 million) fine.
In early 2011, Visy and Amcor both admitted the existence of a cartel arrangement favoring them in Australia, and paid millions of dollars in damages there.Read more
The new PM had been due to come online by last October, but finally came online late last quarter.
Besides the new BM, the Bhadrachalam plant currently runs six machines with a total capacity of 475,000 tonnes/yr of printing and writing paper and packaging grades.Read more
The A$50 million ($50 million) facility is able to generate 27MW of thermal energy and 3MW of electric energy from the rejects of the paper recycling process. It was officially inaugurated late last month.Read more