Breaking News
Two new Toscotec’s PRODERGY tissue machines start up at APP OKI mill, Indonesia.

Toscotec fired up other two AHEAD-2.0L PRODERGY tissue machines at APP’s OKI mill, in South Sumatra, Indonesia.

Following the start-up of two AHEAD-2.0L PRODERGY at Perawang mill earlier this year, these two OKI machines started production in less than 3 months after the start-up of the first of a series of Toscotec’s PRODERGY machine ordered by Asia Pulp & Paper (APP) for its Perawang and OKI mills in Indonesia. In the next few months, other four machines will start up at the same site.

The AHEAD-2.0L PRODERGY is Toscotec’s top of the line tissue machine, featuring 5.6 m width, 2,000 m/min operating speed, a second-generation steel Yankee dryer of 22 feet diameter and steam-heated hoods. Toscotec’s TT SYD-22FT is the biggest steel Yankee dryer ever manufactured in the world for tissue application. Toscotec’s energy saving innovations consolidate OKI mill’s optimized green process : the paper mill is fully integrated with a massive pulp mill of 2.8 million ton/yr estimated output.

Equipped with the most advanced environmental technology presently available, OKI production base is very much green-oriented. The mill will be powered by clean and self-sufficient energy generated from the pulp production process and wood bark gasification. Tissue production guarantees the highest standards in terms of tissue machine’s efficiency and energy consumption reduction, thanks to PRODERGY’s technological advantages.

Toscotec’s Chief Customer Service Officer Valter Di Nardo commented, “The erection, commissioning and start-up of OKI tissue machines was completed in record time. Toscotec’s technical team on site installed the first foundation plate on January 4. After just over one hundred days, we fired up the first AHEAD-2.0L PRODERGY, and after one week, the second start-up followed suit.
The mill expressed satisfaction for tissue quality starting from day one”.

2018-07-02 
A.Celli Paper has presented FROM TISSUE TO TISSUE

Evolution, innovation and ongoing research.
These are the main elements on which the clear vision of A.Celli Paper is based.
During the third edition of iT’s Tissue (Lucca, 25-29 June 2018), A.Celli Paper welcomed visitors to discover the great path it has chosen, inviting them to see for themselves the 11 technology stations representing the same number of system solutions for complete turnkey plants.
The FROM TISSUE TO TISSUE tour was a unique experience, offering a special opportunity to view a complete Tissue production line.
It was an occasion to present the new generation of the iDEAL® Tissue Machine, the E-WIND® winders and the innovative R-WAY® Roll Handling & Packaging system.
But this was just the beginning, because the journey planned for the visitor also included a look at Research and Development and the new solutions in the context of the Yankee Dryer, with our FORGED YD® ; the revolutionary iREEL® data traceability and analysis system ; and the latest RWAY ® reel management system with automated guided vehicles (AGVs) : all in the name of efficiency, safety and automation.
The visitors were impressed by this direct contact with the world of A.Celli equipment solutions, which is all about the best in production efficiency, reduced consumption and costs, and excellence in terms of both quality and technology.
We would like to thank all those who came, and hope to see you again next time.
A.Celli is on a roll !

2018-06-30 
Opengate Capital completes sale of Norpaper Group to Gemayel fFreres & Chaoui Industriel Group

OpenGate Capital, a global private equity firm, has announced that it has completed the sale of one of its legacy, pre-fund investments, NorPaper Group (“NorPaper”), to Gemayel Freres & Chaoui Industriel Group, a Lebanon-based business specialized in recycled corrugated cardboard and packaging products. Terms of the transaction were not disclosed. Gemayel Group acquired Papeterie du Doubs (now known as Gemdoubs) in 2013. Three years later, in 2016, Gemayel Group signed a partnership with Chaoui Group concerning Gemdoubs. Chaoui Group, headed by Zafer Chaoui, is a Lebanese family Group involved in recycled paper production among others activities.

OpenGate Capital acquired NorPaper from Canadian paper conglomerate, Cascades, in 2011. NorPaper is a leading producer of white top testliner paper that is sold to European packaging manufacturers. Realizing an opportunity to increase capacity within NorPaper, OpenGate completed an accretive, add-on acquisition in February of 2015 of DS Smith Packaging Papeterie de Nantes SAS (“Nantes”), a division of DS Smith, Plc. Integrated into NorPaper, Nantes broadened the product portfolio and added 50kT per year of production capacity through its white top testliner paper made from 100% recycled fiber with best in class quality and printability. The Nantes mill also addressed growing market demand for paper products in a wider grammage and trim range. Combined, NorPaper and Nantes have an annual capacity of 200kT, making it the leading white top testliner paper producer in France and among the top five in Europe. The 2 sites employ more than 250 people. Fady Gemayel, chairman of Gemdoubs, will also be the President of the two companies.

Andrew Nikou, OpenGate’s Founder and CEO stated, “We are incredibly proud of OpenGate’s investment in NorPaper from sourcing the acquisition through our relationship with Cascades, to the add-on acquisition from DS Smith. As we transfer the business to Gemayel & Chaoui Industriel Group, we recognize that under the new leadership, NorPaper has many new exciting years ahead. I want to thank the entire NorPaper team led by CEO, Laurent Glachant, for their dedication and hard work in driving this business forward.”

Julien Lagrèze, Partner at OpenGate’s Paris office, oversaw the entire lifecycle of the NorPaper investment from acquisition through add-on acquisition and realization. Lagrèze commented, “NorPaper is a reflection of OpenGate’s lower middle market investment strategy and we are proud of all that has been accomplished. From executing a complete carve-out to implementing a multi-faceted operational improvement plan, which included the development of a cooperative paper swap agreement with several European corrugated cardboard manufacturers, NorPaper sales and margins greatly improved since acquired by OpenGate in 2011. Throughout our investment period, NorPaper grew its paper product offerings that drove increased volumes and end-use applications. Given all that has been accomplished, NorPaper is at the right point in its evolution to be acquired by Gemayel & Chaoui Industriel Group so that it can progress further under new leadership.”

NorPaper’s CEO, Mr. Laurent Glachant stated, “Working with the team at OpenGate Capital has been a rewarding process over the past several years. NorPaper has grown into a highly regarded business, recognized for producing a variety of white top testliner and recycled paper materials for our customers. I want to thank Julien Lagrèze and his team at OpenGate for all of the support we received that enabled us to achieve the growth and improvements at NorPaper. As we look ahead, we are excited to enter into the next phase of our evolution with Mr. Gemayel and his partners.”
This is the second legacy, pre-fund realization for OpenGate in the past six months following the sale of Benvic, a European PVC compounding business that was sold to Investindustrial in December of 2017.

2018-06-29 
The shape of sustainable labels is circular: UPM Raflatac announces APR-recognized wash-off film labels with recycled liners for Americas and Asia Pacific

UPM Raflatac is taking another step forward in its drive to label a smarter future by announcing that it has developed a range of wash-off film labeling solutions for a variety of end uses that can help brands create a circular economy and also meet or even accelerate their ambitious sustainability targets.

These clear, white and metalized film label stocks - featuring UPM Raflatac’s RW85C wash-off adhesive and a PET liner made from 90 percent post-consumer recycled (PCR) content - have been recognized by the Association of Plastic Recyclers (APR) as exceeding their strict standards for recyclable label products. Now available in the Americas and Asia Pacific market regions, the labels are ideal for labeling PET containers in the food, beverage, home care and personal care segments.

Thanks to the RW85C wash-off adhesive, the labels are able to undergo common PET recycling processes without contaminating any of the PET flake by-products. During the caustic washing process, the polypropylene labels easily separate from PET containers and float, allowing more high-value, clean PET flakes to be recovered. The clean flakes can then be converted back into PET containers, which promotes a circular economy and reduces the amount of plastic pollution in landfills and the environment.

"As the global drive to reduce plastic waste continues to gain speed, more and more packaging companies are looking for new and innovative solutions to maximize the recyclability of their PET containers," says Junion Zhao, Director, Films Business, APAC, UPM Raflatac. "We are pleased to bring these wash-off labeling materials to market for our customers and brand owners aiming to achieve their sustainability targets."

"Exceeding the APR’s standards for recyclable label products on PET packaging was very important for us when we developed these new film labels with RW85C adhesive," adds Daryl Northcott, Director, Films Business, Americas, UPM Raflatac. "UPM Raflatac recently became an APR Recycling Demand Champion, which means we are committed to boosting circular packaging solutions and incorporating post-consumer recycled content into our materials, and these new label materials do exactly that."

2018-06-29 
Lenzing and Duratex plan to build 450,000 t dissolving wood pulp plant in Brazil

Lenzing Group, world market leader in specialty cellulosic fibers and Duratex, the largest producer of industrialized wood panels of the Southern Hemisphere, announce that they agreed on the terms and conditions to form a joint venture to investigate building the largest single line dissolving wood pulp (DWP) plant in the state of Minas Gerais, close to Sao Paulo, Brazil. This decision supports the backward integration and the growth in specialty fibers, defined in Lenzing’s corporate strategy sCore TEN.

The joint venture will investigate the construction of a 450,000 t DWP plant, which is expected to become the largest and most competitive single line DWP plant in the world. Dissolving wood pulp is the key raw material for the production of Lenzing’s bio-based fibers. For the future operation, the two companies have secured a plantation of 43,000 hectares that will provide the FSC® certified biomass. The plantation is fully in line with Lenzing’s wood and pulp sourcing policy. The basic engineering and the application for required permits and merger clearances will now be started.

Lenzing will hold 51 percent of the joint venture which will operate the mill, while Duratex’s share will be 49 percent. The estimated cash investment by the joint venture for the construction of the DWP mill is expected to be somewhat above USD 1 bn (based on current FX rates, net of generic tax refunds and the outcome of the basic engineering study). The joint venture will supply the entire volume of dissolving wood pulp to the Lenzing Group. This step is an essential milestone in the group’s ambition to grow its specialty fibers business.

“Specialty cellulosic fibers are an important contribution to make the global textile industry more sustainable. In line with our corporate strategy sCore TEN we are committed to strong organic growth in this field. We are pleased that with Duratex, a recognized leader in sustainable forestry management, we have a strong partner in this joint venture. Together we will create a very sustainable and competitive raw material base for Lenzing’s global expansion plans”, says Stefan Doboczky, Chief Executive Officer of Lenzing Group.

“Projects of this nature are the result of our strategic plan and of our team’s effort towards drawing Duratex’s future. The Company is known for its financial solidity, high quality, innovation and sustainability ; the results of a history spanning over six decades. The partnership with Lenzing for the construction of the largest single line dissolving wood pulp plant in the world is an honor for Duratex. Working with Lenzing, a global benchmark in technology, high quality and corporate governance makes us very proud. We are sure that this joint venture is going to be successful”, affirms Duratex’s Chief Executive Officer Antonio Joaquim de Oliveira.

The final investment decision to build the dissolving wood pulp plant is subject to the outcome of the basic engineering studies and the approval by the respective supervisory boards.

2018-06-29 
Borregaard and Rayonier Advanced Materials announce intention to invest in a new 150,000 tonnes lignin operation in the US

Borregaard and Rayonier Advanced Materials (RYAM) have entered into a non-binding letter of intent regarding the establishment of a new lignin operation adjacent to RYAM’s Fernandina Beach pulp mill in Florida. The new company will be owned 55% by Borregaard and 45% by RYAM.

The Fernandina Beach mill manufactures specialty cellulose and lignin raw material as co-products from softwood. Utilising Borregaard’s know-how and technical expertise, the new company will initially manufacture lignin products suitable for concrete admixture and similar applications targeting primarily the North and South American markets. The products will be marketed through Borregaard’s international sales network and will represent a 30% increase in the lignin sales volume at full capacity.

It is anticipated that the project will be completed in two phases over 5 years. The parties estimate an aggregate USD 110 million for a capacity of 150,000 metric tonnes dry substance per year. The first phase is expected to commence commercial operations in 2017.

The new operation will benefit from the development work in the BALI project, and takes priority over a first BALI plant. Longer term, the BALI technology remains a strategic lignin raw material option for Borregaard.

Completion of the new operation is subject to board approval by both companies and conclusion of definitive agreements, as well as final engineering, refinement of capital estimates, and obtaining required permits and other approvals.

"The Fernandina Beach project represents an excellent growth opportunity for our lignin business in a global market which for some time has been supply constrained", says Per A. Sørlie, President and CEO of Borregaard.

"Pursuing this opportunity with the leader in lignin-based chemistry significantly enhances the prospects for success while reducing operational and market-based risk," says RYAM CEO Paul Boynton.

2018-06-29 
Sofidel CEO Luigi Lazzareschi presented the most recent group’s investment in the US at the 2018 Selectusa Summit

The speech has taken place before a wide public composed by institutions and international economic players.

Last Friday in Washington D.C., Sofidel’s most recent greenfield investment in the United States has been presented as part of the SelectUSA Investment Summit, the most important event for the promotion of direct foreign investments in the US. The investment will lead to the opening of a new large manufacturing plant in Inola, Oklahoma within two years.

During the final session, promoted by the Secretary of Commerce of the Federal Government Wilbur Ross and aimed at showcasing the foreign investments generated in the last year by the program, Luigi Lazzareschi has been the only entrepreneur on the stage, being introduced by the Governor of Oklahoma Mary Fallin with a thankful speech for Sofidel’s investment in Inola, that has been recognized as a rural economic development success story.

A first-class value stage, before a wide audience of institutional representatives and international economic players, that have been made aware of the new investment that Sofidel launched in March to further expand its business in the United States.

In Inola, about 30 miles from the city of Tulsa, Sofidel will build a new integrated plant combined with the installation of two paper machines for a total production capacity of 120,000 tons per year and with the related converting lines for the finished product (toilet paper and paper towels). The manufacturing plant is expected to start running by the end of 2020. The investment will amount to $ 360 million over three years (2018-2019-2020), resulting in a plant that will combine a focus on sustainability with technological innovation.

2018-06-29 
Mondi supports e-commerce growth with the upcoming launch of its latest corrugated packaging solution in Russia

According to recent statistics, the Russian e-commerce market is expected to grow to 21.82 billion US dollars by 2020.[1]

2018-06-28 
Stora Enso evaluates development opportunities at its Oulu Mill in Finland

Stora Enso has started a feasibility study and an environmental impact assessment (EIA) for a possible investment in Oulu.

2018-06-28 
More volume and less fiber for tissue converters with Gambini

As a member of the Tissue Italy network, Gambini has open its doors to welcome customers during It’s Tissue 2018 and present live demonstrations of the combined Airmill and Touchmax concepts.

2018-06-27 
What's next at Toscotec?

During It’s Tissue 2018, the Lucca-based tissue making expert Toscotec is presenting its ambitions and actual realizations in terms of process, energy savings and services.

2018-06-27 
Another milestone for Valmet IQ Fiber with installation at Irving Tissue

May 2018 saw the installation of the 200th Valmet IQ Fiber Measurement Sensor on Irving Tissue’s tissue machine #1 in Saint John, New Brunswick, Canada.

2018-06-27 
Impressive digital journey at Fabio Perini's open house during It's Tissue

Everything is made to impress customers visiting Fabio Perini during It’s Tissue 2018. And it does.

2018-06-26 
Dimona WLM1: Voith and Trützschler make the efficient manufacture of eco-friendly nonwovens a possibility

• Production of nonwovens from renewable cellulose
and from 100% biodegradable products
• Consistent sheet formation for high-quality end products

2018-06-26 
Andritz to acquire Xerium Technologies, Inc.

Andritz AG headquartered in Graz, Austria, announces that it has signed a merger agreement to acquire Xerium Technologies, Inc., headquartered in Youngsville, North Carolina, USA.

2018-06-26 
A new president for Pro Carton

At the Pro Carton AGM on 8th June 2018 Roland Rex formally stood down as President of the association after eight years in the role and Horst Bittermann was duly elected as his replacement.

2018-06-25 
A.Celli Paper and Blue Tissue team up to design a turnkey tissue plant

A.Celli Paper is delighted to confirm its collaboration with the Mexican group for the supply of a complete turnkey tissue plant.

2018-06-25 
Valmet signs long-term mill maintenance services agreement with Asia Symbol in China

Valmet and Asia Symbol (Shandong) Pulp and Paper Co., Ltd. have signed an agreement for the maintenance services for the company’s board machines and pulp mill in China.

"Valmet manufactured the main equipment in our mill, and we are looking forward to good cooperation with Valmet in the next few years. Valmet’s maintenance services combine its daily maintenance expertise with support from product, process, and automation specialists worldwide. Professional people can do professional things - we believe that !" says Wang Bo, Mill Director of Asia Symbol Pulp and Paper.

"This is Valmet’s first maintenance outsourcing order in China, and it shows the trend of mill maintenance services as well. This customer is showing strong trust in Valmet’s professionalism by choosing us to supply their maintenance services. Valmet’s services team will help the mill to improve performance and product quality while lowering costs and risks," says Jiang Bo, Senior Manager, Maintenance Outsourcing and Agreement Management, Services business line, China, Valmet.

Valmet will provide maintenance services and maintenance development for the board machines and the pulp mill, including chip handling, fiber lines, pulp dryers, recovery boilers, evaporation, and recausticizing, as well as a power plant, chemical plant and water treatment facility. Valmet will be responsible for the leadership, management and development of the mill’s maintenance.

2018-06-25 
Expanded Östrand pulp mill in operation

Production at the expanded Östrand pulp mill began according to plan during the midsummer holiday (i.e. this weekend). SCA is investing SEK 7.8bn in the operation and the project is on budget and schedule.

SCA decided in 2015 to invest in an increased production capacity at the Östrand pulp mill – from 430,000 tonnes to about 900,000 tonnes of bleached softwood kraft pulp (NBSK). Following an extended maintenance stop, which began in April of this year, the expanded pulp mill is now in operation. 

Production capacity in the expanded pulp mill is expected to increase successively during 2018 and 2019. 2020 is therefore expected to be the first year with full production, corresponding to 900,000 tonnes. 

“Just over 1,000 days after starting the project on August 28, 2015, after a great effort from all involved to deliver the project according to the plan, the new plant is in operation ”, says Project Director Ingela Ekebro. “Our focus now is on calibrating the plant to quickly achieve full production and high product quality.”

“We are in the process of completing one of the largest and most important industrial investments in Sweden,” says Ulf Larsson, President and CEO. “Östrand will be one of the most competitive and environmentally sound mills for northern bleached softwood kraft pulp in the world. The investment will help us to meet growing demand in a strong pulp market.”

2018-06-25 
Ence begins the assembly of the boiler of its new 40 MW plant in Huelva

Ence-Energía y Celulosa started the assembly of the boiler of its new 40 MW plant in Huelva yesterday, with the first pillar and the frame of its metal structures set up. The process of assembling the structure begins hours after GBS, responsible of the production of the components of the boiler, made a new delivery of parts in the energy complex, which contained the modules of the pressure parts of the boiler.

The assembly process of the pieces will be carried out by sections of ten meters, forming plants from the base, on the pillars of the foundation slab. The execution times of the construction project of the new plant, which the company is fulfilling at a good pace, require that the delivery of new components of the boiler be produced as the assembly work progresses.

On June 9, Ence received a first delivery of the components of the boiler, which included the walls of the modules and the tying beams of the same, fundamental elements to ensure this structure the necessary rigidity for its operation. Until the start of the assembly work yesterday, these were stored in the facilities of the Huelva energy complex.

A boiler for the future of biomass generation

The boiler is one of the most important components of the plant, since the combustion process of the agroforestry biomass for the generation of energy will take place inside it. To ensure that this main player in the process of generating energy with biomass develops the maximum respect for the environment, Ence will provide this infrastructure with the best available technologies. Thus, it will incorporate a filter of sleeves and modern systems that will guarantee an optimum combustion of the biomass in its interior and an adequate environmental behavior.

The construction process of the new plant, which will have a production capacity of 40 MW and an installed capacity of 110 MWt, will be developed until the end of 2019, when the new boiler will be operational. This will have an estimated annual production of 260,000,000 kWh per year, considering the 6,500 potential hours of operation.

2018-06-25 
Ilim Group Management and Irkutsk Oblast Governor Launch the Big Ust-Ilimsk project

Earlier today Ilim Group Chairman Zakhar Smushkin and Irkutsk Oblast Governor Sergey Levchenko took part in the official launch of the integrated investment project Big Ust-Ilimsk at Ilim’s Mill in Ust-Ilimsk.

The Big Ust-Ilimsk project includes construction of a new line for production of kraftliner and other packaging materials with a capacity of 600 thousand tons per year. Total investments in the project will be around USD 1 billion with implementation to be completed by the end of 2021. The Company will also perform a large-scale upgrade of the existing operations in order to increase pulp output by 130 thousand tons per year.

Project implementation will drive the Mill capacity up to 1.5 million tons of finished products per year with an initially installed capacity of 550 thousand tons per year. The Ust-Ilimsk Mill will thus become one of the leading pulp and paper manufacturers in the world. Ilim Group is currently preparing a set of documents required to classify the Big Ust-Ilimsk as a priority investment project in terms of forest management.

“We consistently build our production development strategy with a focus on market demand, said Zakhar Smushkin, and our new investment project will allow us to produce the products which the market needs. Our investment project perfectly fits one of the key goals set forth by the President of the Russian Federation for the domestic industry, that is boosting of non-commodity exports. Meanwhile, such large-scale projects involve not only production but also social investments. The launch of the new KLB line will create 600 new jobs. Therefore, implementation of this project should be linked with a comprehensive development of the infrastructure in the region. We are working together with the Irkutsk Oblast Government to resolve this issue”.

Ilim Group CEO Kseniia Sosnina said : “The Big Bratsk project drove a step change in softwood pulp output volumes while the delivery of the Big Koryazhma project resulted in higher production volumes of high-quality white papers. Delivery of the Big Ust-Ilimsk project will help us to reinforce our presence in the packaging segment, primarily in the growing Asian markets. Upon completion of the project in Ust-Ilimsk and upgrade of the Bratsk Mill, Ilim will become one of the largest manufacturers of unbleached packaging materials globally with a total board output of 1.5 million tons per year, bringing an aggregate production output of Ilim Group to over 4.3 million tons per year”.

“This is an example of a robust partnership between the community and a large industrial company. And a forestry company at that.” - emphasized Irkutsk Oblast Governor Sergey Levchenko. “This partnership has already delivered its results : a new training center, a woodyard, and a sports center which is currently under construction. And last but not least, implementation of a large-scale Big Ust-Ilimsk project is now underway. In a few years, there will be a new modern mill, new jobs, and higher production volumes. Big Ust-Ilimsk also involves a big joint effort to develop the social and transport infrastructure, and therefore improve the quality of life for the Ust-Ilimsk community.”

2018-06-22 
Glatfelter to acquire Georgia-Pacific’s European nonwovens business for $185 million

Glatfelter, a global supplier of specialty papers and engineered materials, today announced it has signed a definitive agreement to purchase Georgia-Pacific’s European nonwovens business (the “Business”) for $185 million, subject to customary purchase price adjustments.

The proposed transaction includes Georgia-Pacific’s operations located in Steinfurt, Germany, along with sales offices located in France and Italy. The Steinfurt facility produces high-quality airlaid products for the table-top, wipes, hygiene, food pad, and other nonwoven materials markets, competing in the marketplace with nonwoven technologies and substrates, as well as other materials focused primarily on consumer based end-use applications. The Steinfurt facility is a state-of-the-art, 32,000-metric-ton-capacity manufacturing facility that employs approximately 220 people.

“Glatfelter’s agreement to acquire the European nonwovens business demonstrates our commitment to building leading positions in global growth markets for engineered materials,” said Dante C. Parrini, Chairman and Chief Executive Officer of Glatfelter. “Steinfurt’s products and technologies complement our current airlaid business very well and the acquisition provides synergistic capacity increase opportunities and an improved cost structure to support our ability to serve customers in growing consumer and industrial markets. From a financial perspective, the investment provides an attractive return on capital, is immediately accretive and will deliver attractive EBITDA margins in a growing market.”

In 2017, the Business generated net sales of $99 million and EBITDA of $18 million. The Company expects to realize synergies in excess of approximately $6 million per year within three years, and expects to incur one-time costs of approximately $7 million for transaction fees and integration.

Glatfelter plans to finance the acquisition through a combination of cash on hand and borrowing under its existing revolving credit facility.

The proposed transaction is subject to customary closing conditions, including receipt of required regulatory approvals. Credit Suisse acted as the financial advisor in connection with the transaction, and Shearman & Sterling LLP as legal advisor. The closing is expected to occur during the fourth quarter.

2018-06-22 
Buckman introduces Echowise™ at Zellcheming-Expo 2018

Buckman, a global company that specializes in innovative chemical and smart solutions for the pulp and paper industry, will introduce ECHOWISE™, its newest non-invasive technology, at Zellcheming-Expo 2018 in Frankfurt, Germany. From 26 to 28 June, many of Buckman’s global experts will be on-hand at the show to discuss the company’s groundbreaking solutions for the pulp and paper industry.

Included in the group is Mark Conyngham who will discuss Buckman’s focus on developing industry-leading chemistries that can be used seamlessly with Buckman’s problem-solving expertise and smart technology, like ECHOWISE. In addition, Rosy Covarrubias, Buckman’s Global Technology Director for Packaging, will discuss the benefits of Buckman’s third generation Maximyze®, and Stefan Pohl, Tissue Industry Technology Manager, will talk about Buckman’s full line of Yankee creping chemicals for Yankee cylinder protection.

Please visit Buckman’s booth F49 at Zellcheming to learn more about its innovative chemistries, like Vybrant® enzymatic bleaching technologies, Busperse® calcium stabilization technology, tissue softeners and more.

2018-06-21 
Insolvent paper manufacturer Feldmuehle Uetersen is reorganized

The Schleswig-Holstein paper company Feldmuehle Uetersen GmbH will be transferred to a subsidiary of the Berlin-based Beteiligungsgesellschaft Kairos Industries AG with effect from 15 June 2018 and will be continued in full.
‘Feldmuehle GmbH’ was founded specially for the transfer.
As a result of the refurbishment 400 and thus more than 95 percent of 420 jobs were preserved. The insolvency administrator and restructuring expert Dr. Tjark Thies from the Hamburg law firm Reimer Rechtsanwälte had concluded an acquisition agreement with Kairos in May 2018.
This agreement was under several challenging conditions, which were met this week.
"The successful completion of this refurbishment is largely thanks to the dedication, flexibility and responsiveness of the Feldmuehle employees," says Thies. At the end of May 2018, the Feldmuehle Works Council approved a ten percent salary waiver for employees until 31 December 2019, thereby creating an essential prerequisite for the financing of the acquisition. "Such constructive and responsible behavior is not a matter of course even in insolvency proceedings," says Thies. In addition to the restructuring contribution of the employees, the trustworthy cooperation with Ruppert Fux Landmann GmbH, Ernst & Young GmbH and the GÖRG Partnerschaft von Rechtsanwälte mbB also contributed significantly to the successful takeover by Kairos.
Kairos Industries AG is a specialist in takeover and operational support of German medium-sized companies in special situations, as well as Group edge activities and business units with potential for increased earnings. It was supported
in the current transaction by lawyers from Morrison & Foerster LLP and Crowe leeberg auditing firm from Munich. The acquisition of Feldmuehle Uetersen GmbH is aimed at along-term entrepreneurial commitment ; and the strategic successful realignment of the company, which began at the end of 2017, will be continued.
Founded in 1904, the traditional company Feldmuehle produces around 250,000 tons of paper annually and filed for insolvency on 24 January 2018, at the district court of Pinneberg. Feldmuehle products are mainly used worldwide for the production of classic print products and in the packaging industry.

2018-06-21 

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