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OAKLAND, CA, Feb. 15, 2019 (PPI Pulp & Paper Week) -Smurfit Kappa Group's (SKG) containerboard and corrugated business in Mexico increased sales by 3.2% in 2018 to 794 million Euros and the firm's performance in the Americas including its US business grew margin from 14.4% in 2017 to 15.7% in 2018, the company announced this week.
Read morePORTSMOUTH, UK , Dec. 21, 2018 (Press Release) -Reconomy, the UK’s leading provider of outsourced waste management and recycling services has today announced the acquisition of Valpak Holdings Limited (“Valpak”), the UK’s largest environmental compliance solutions provider, for an undisclosed figure.
Read moreBRUSSELS, Dec. 12, 2018 (Press Release) -The European Commission has approved under the EU Merger Regulation the acquisition of joint control over a newly created joint venture combining Solenis and BASF's global paper and water chemicals business ("BASF DOM") by BASF SE ("BASF") of Germany and Clayton, Dubilier & Rice, Inc. ("CD&R") of the US. BASF DOM supplies wet-end paper chemicals and water treatment chemicals. Solenis, a portfolio company of CD&R, is a specialty chemical company providing process and water solutions. The joint venture will also be active in these sectors.
Read moreESPOO, Finland, Dec. 10, 2018 (Press Release) -Metsä Fibre, part of Metsä Group, and EcoEnergy SF have signed an agreement concerning the ownership of the biogas plant located in Metsä Group’s mill area in Äänekoski. The biogas plant will be transferred to Metsä Fibre’s ownership on 10 December 2018. Built by EcoEnergy SF, the biogas plant was started up in 2017 It produces biogas and biopellets from wood-based sludge generated by Metsä Fibre´s bioproduct mill in Äänekoski.
Read moreLONDON, Nov. 29, 2018 (Press Release) -Equitix , a leading UK infrastructure investor, and Iona Capital, the specialist environmental investment and fund management firm, announce the acquisition of a £72 million Energy from Waste (“EfW”) facility in Bridgwater, Somerset.
Read moreHELSINKI, Oct. 29, 2018 (Press Release) -Stora Enso has increased its ownership up to 100% in the Sweden-based company Cellutech AB. The company specialises in the development of new materials and applications based on cellulose, micro-fibrillated cellulose (MFC) and other wood-based components.
Read moreOAKLAND, CA, Oct. 26, 2018 (PPI Pulp & Paper Week) -Two of the largest US containerboard producers each reported 24% margins for their corrugated businesses in the third quarter and a third major dramatically increased its margin by 30% year-over-year.
Read moreMADRID, Spain, Oct. 18, 2018 (Press Release) -Ence Energía, S.L.U. has signed an agreement with Iberdrola Renovables de Castilla La Mancha, S.A.U. for the acquisition of its 90% stake in Puertollano solar thermal plant, for an amount that could reach up to 145.8 million euros. The agreement is subject to IDAE, owner of the remaining 10% of the plant, not exercising its right of first refusal.
Read moreJACKSONVILLE, FL, Sept. 19, 2018 (Business Wire) -Rayonier Advanced Materials Inc. announced today that it has sold its resins business to LRBG Chemicals, a company to be led by the current resins business management team, for a purchase price of approximately $16.5 million. The business, with manufacturing locations in Longueuil, Quebec and Toledo, Ohio, produces chemical resins used in the manufacturing of oriented strand board (OSB), hardboard and other engineered wood products. The business was originally acquired as part of the Company’s acquisition of Tembec in November of 2017.
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