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Madison Paper Industries to sell its hydro power facilities in North America to Eagle Creek Renewable Energy

Madison Paper Industries, a partnership of UPM and Northern SC Paper Corp., a subsidiary of The New York Times Company, has signed an agreement on the sale of its hydro power facilities to Eagle Creek Renewable Energy, LLC, a hydroelectric power producer, based in Morristown, NJ, USA.

The transaction is still subject to third party approvals. The parties have agreed not to disclose the purchase price.

"Eagle Creek is a well-known and experienced operator of hydroelectric power facilities in North America. The company focuses on CO2-friendly power production and has a long term focused business strategy in this sector. As an integral part of an energy company the hydro power facilities can be operated and developed in an optimal way," says Ruud van den Berg, Senior Vice President, Magazines, Merchants & Office, UPM Paper ENA.

"Eagle Creek is very pleased to broaden our footprint in central Maine. The Madison Paper Industries hydroelectric portfolio represents an excellent opportunity to build out our operations in the region through the acquisition of a well-maintained, high quality set of hydro facilities," says Bud Cherry, CEO of Eagle Creek Renewable Energy.

2017-04-18  READ MORE...
New CPI standard targets fresh produce sector

The Confederation of Paper Industries (CPI) has introduced the Common Footprint Quality (CFQ) standard for the UK’s fresh produce industry.

2017-04-14  READ MORE...
Paper Factory Launched at Amirabad Port
According to the Financial Tribune journal, a paper production factory was launched by President Hassan Rouhani at Amirabad Port in the northern Mazandaran Province.

2017-04-14  READ MORE...
Japan Pulp and Paper Company acquired PagePack in Australia

Japan Pulp and Paper Company (JP) informed that the company’s Board of Directors adopted a resolution formally approving acquisition of shares of PagePack (AU) Pty Ltd.

2017-04-14  READ MORE...
JSC Volga saved more than 8,400 kWh of electric energy during Earth Hour 2017

This year, within the period of 20.30 pm to 21.30 pm on the 25th of March a part of the technological equipment – the “mill” of the 3rd TMP refining stage, in the TMP workshop was disconnected that consequently allowed to save 1,230 kWh of electric energy.

2017-04-14  READ MORE...
VPK and Klingele join forces to invest in Peterson

Six months after the acquisition of Peterson by VPK Packaging Group, Klingele and VPK have announced that they will join forces to continue investing in the Scandinavian business unit.

2017-04-14  READ MORE...
LECTA TO INCREASE PRICES OF THERMAL PAPERS FROM MID MAY 2017

Lecta announces a price increase for its thermal paper orders, effective mid-May, 2017. The increase will range from 6 to 7%.

2017-04-14  READ MORE...
Cellwood will supply Sun Paper with four Hot Dispersing Units

Cellwood Machinery was awarded a contract from Shandong Sun Paper - China for their new PM 36 and PM 37 project.
The contract includes four Krima Hot Dispersing units and are based on the success of Sun Papers PM 31 and PM 32 project.
Sun Paper was founded in 1980 and today is one of the largest paper manufacturers in China to be privately owned, with approx. 10,000 employees.

The delivery will take place during 2018.

2017-04-13  READ MORE...
Södra retains some operations at the Torsås sawmill

Södra will retain one planing line plus the tongue and groove board line at the Torsås sawmill.

2017-04-12  READ MORE...
Valmet revises upwards its net sales guidance for 2017

Due to positive development of orders received, Valmet revises upwards its net sales guidance for 2017.

2017-04-12  READ MORE...
ICE South East Asia launched to the overwhelming acclaim of the global converting industry

Dates announced for South East Asia’s first exhibition dedicated to the paper, film and foil converting industry.

2017-04-12  READ MORE...
Pro-Gest awards Kemira with a start-up contract at a green field board machine in Mantova, Italy

Kemira has been awarded a start-up contract at Pro-Gest Mantova in Italy, the only green field containerboard machine in Europe in recent years.

2017-04-12  READ MORE...
Arkema successfully launched a €700 million bond issue

Arkema successfully completed today a €700 million bond issue with a ten-year maturity at a coupon of 1.50%.

2017-04-12  READ MORE...
UPM to strengthen its improved newsprint offering: Production of UPM Brite family expands into Austria

UPM Paper ENA has a strong foothold all over Europe. Local presence and supply reliability of its improved newsprint offering will now be further strengthened by expanding regular production of the UPM Brite family to the UPM Steyrermühl mill in Austria.

2017-04-11  READ MORE...
Sonoco Launches PromoPeel™ Integrated Label Technology

Product to debut at Industry Coupon Conference April 18-20

2017-04-11  READ MORE...
Hygienic Tissue successfully starts up a Toscotec-supplied tissue machine at its Pietermaritzburg plant, in South Africa.

On 4th April, the South African tissue producer Hygienic Tissue started up their new MODULO-PLUS tissue machine supplied by Toscotec.

2017-04-11  READ MORE...
LC Paper from Spain awarded at Tissue World Milan

The Spanish tissue manufacturer LC Paper received the award of Energy Aware Mill ar the gala dinner of the Tissue World event being held this week in Milan.

2017-04-11  READ MORE...
Good results and prospects in tissue announced by Valmet

During a press conference held on the occasion of Tissue World in Milan, Valmet showed its confidence in the tissue segment.

2017-04-11  READ MORE...
Valmet to supply process automation and quality control systems to Jiangxi Taison Paper's four tissue machines in China

Valmet will supply Valmet DNA automation systems and Valmet IQ quality control systems to Jiangxi Taison Paper’s four new tissue machines, TM7, TM8, TM9 and TM10, at its greenfield mill in Jiujiang, Jiangxi Province, China. By installing Valmet’s advanced automation technology in these tissue machines, the mill will be able to optimize machine performance and end-product quality.

2017-04-11  READ MORE...
Valmet and Solar Turbines establish cooperation agreement to share expertise and experience

Valmet and Solar Turbines Incorporated (a Caterpillar company) have agreed to cooperate with a view to further develop integrated gas turbine cogeneration systems for the tissue industry.

2017-04-10  READ MORE...
CCE South East Asia shows exceptionally strong growth trend for 2018

Latest stand bookings show a 40% increase in floor space with still a full 18 months until the show opens

2017-04-10  READ MORE...
Tecno Paper Srl will supply to Valot S.A. a “Multifunction” Slitter Rewinder model TP-2US-TMG12, version High Performance

The Rewinder has a trim width of 3750 mm and includes 2 unwind stands for parent reels diam. 2000 mm, slitting unit with 20 slitters, rewinding head able for finished reels diam. 1800 mm and speed up to 1500 m/min.

2017-04-10  READ MORE...
WEPA starts up the new AHEAD-2.0S PM21 tissue machine at its Piechowice plant in Poland

WEPA group, based in the Westphalian city of Arnsberg, announces the successful start-up of the new Toscotec’s 32,000 tpy tissue line installed at Piechowice Mill, Poland.

2017-04-10  READ MORE...
Valmet received a repeat order for Advantage THRU-AIR tissue line from First Quality Tissue, USA

Valmet will supply a complete Advantage ThruAir tissue line to First Quality Tissue (FQT) in USA. 

2017-04-10  READ MORE...

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