NOTIFICATION: The Technology Channels is now an automated compilation of industry press releases.
Click here to download complimentary copies of Fastmarkets RISI’s pulp and paper newsletters.


Packaging news briefs: Nine Dragons continues expansions; Visy fined in New Zealand

Read so far

Packaging news briefs: Nine Dragons continues expansions; Visy fined in New Zealand

September 20, 2013 - 11:15

OAKLAND, CA, Sept. 20, 2013 (PPI Pulp & Paper Week) -Nine Dragons Paperstarted trials runs on two recycled containerboard PMs with a combined capacity of 650,000 tonnes/yr at a greenfield site in Quanzhou city, Fujian province, China,PPI Asiareported. The startup lifts the company's total recycled containerboard capacity to 9.98 million tonnes/yr. PM 36 can make testliner at a rate of 300,000 tonnes/yr, and PM 35 can make 350,000 tonnes/yr of board. It is producing recycled fluting, although it was planned to make kraft-top liner. Sources said that the mill started to buy domestic old corrugated containers (OCC) around the month of June, but in very small volumes. It did not increase its OCC purchases until August in big enough volumes to furnish the two units. It was not known when the PMs will start commercial production. Nine Dragons will start up four more board machines with a combined capacity of 1.35 million tonnes/yr by 2016. China purchases about 80% of US OCC exports on average...

Australia-basedVisywas fined NZ$3.6 million by the High Court of New Zealand in a 2000-2004 cartel case. Visy andAmcorin 2011 both admitted the existence of a cartel in arrangement in Australia, and paid millions of dollars in damages. However, Visy and one of its liable executives claimed that the cartel agreement did not extend to the neighboring New Zealand market, which is largely dominated by the two firms as well as by domestic firmCarter Holt Harvey,PPI Asiareported. The court found that as deals for New Zealand customers were largely concluded in Australia.