GREEN BAY, WI, Nov. 7, 2017 (Green Bay Press Gazette ) -It’s looking more and more like the cleanup of the Fox River will come to a close at nearly the same time as the legal wrangling over who pays for it.Read more
WILLIAMSPORT, PA, Oct. 23, 2017 (Local News) -A former vice president of operations at Nittany Paper Mills Inc. in Lewistown, has been accused of stealing $218,098 over a nearly two-year period.
Patrick Henry Stewart, 53, of Centre Hall, was charged Monday by a criminal information filed in U.S. Middle District Court with wire fraud. A signed agreement to plead guilty also was filed.Read more
NEW YORK, April 12, 2017 (Globe Newswire) -Mercer International Inc., or "Mercer", today announced that it has completed, through its wholly owned subsidiary Mercer Timber Products GmbH ("MTP"), its previously announced agreement to acquire substantially all of the assets of one of Germany's largest sawmills and a bio-mass power plant, near Friesau, Germany (the "Friesau Facility"), for approximately $55.1 million plus defined working capital of approximately $6.5 million (the "Acquisition").Read more
SAO PAULO, Nov. 28, 2016 (Press Release) -Suzano Papel e Celulose S.A. (Bovespa: SUZB5) announces to its shareholders and the general market that it has concluded the transaction to raise capital via the first issue of green bonds in Brazil's domestic market, with the placement of Agribusiness Receivables Certificates (CRA) form the 96th Series of the 1st Issue of Eco Securitizadora de Direitos Creditórios do Agronegócio S.A., in the amount of one billion reais (R$1,000,000,000.00), which are secured by Export Credit Notes issued by the Company.Read more
EDMONTON, AB, Nov. 28, 2016 (CNW) -Acting on behalf of a syndicate of buyers under the Sundance C Power Purchase Arrangement (PPA), including Millar Western, Capital Power Corporation (Capital Power) has announced that Capital Power and the Government of Alberta (the Province) have agreed to settle the PPA dispute. Under this settlement, the termination of the PPA will be accepted, thereby ending all of Millar Western's obligations associated with the PPA.Read more
DULUTH, MN, Nov. 8, 2016 (Local News) -Heeding concerns that a proposed franchise fee could jeopardize the future of Verso Corp.'s paper mill in West Duluth and the 260 jobs it provides, city councilors unanimously voted Monday night to roll back the fee the company could have seen tacked onto its mammoth electric bill.Read more
LANSING, MI, Oct. 19, 2016 (Press Release) -The Department of Environmental Quality (DEQ) today announced a $1,000,000 grant for the City of Muskegon to address brownfield conditions at an abandoned paper mill site.
The grant will pay for the abatement of asbestos paint on the exterior of two exhaust stacks followed by demolition of the stacks at the former Sappi Paper Mill, located on the south shore of Muskegon Lake. Abatement and demolition will help facilitate the Windward Pointe mixed-use development.Read more
LONDON, Sept. 12, 2016 (Press Release) -The European Bank for Reconstruction and Development (EBRD) is providing the Polish paper producer Arctic Paper S.A. with a €30 million loan to finance investments for improvements in the company’s operational and energy efficiency as well as to expand future production capacity in Poland.
Strengthening the resilience of the economy in the countries where it invests is one of the EBRD’s strategic priorities and the loan to Arctic Paper will benefit a strong local producer who is also competing successfully on international markets.Read more