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Diva Art: Lecta’s New Paperboard for Creativity


Designed for creative uses of graphic and luxury packaging.

Diva Art is a new one-side coated paperboard with an outstanding silk finish noteworthy for its printability and rich color reproduction in offset and digital printing, in addition to its perfect folding characteristics and exceptional resistance to cracking.

Lecta’s Diva Art paperboard offers outstanding finishing and converting properties, and is ideal for a wide range of end uses such as book covers, folders, labels, postcards and greeting cards, as well as packaging for cosmetics, perfumes, premium beverages and chocolates or confectionary.

The Diva Art range is available in substances of 220, 250, 280, 300, 330 and 350 g/m2.

For the launch of this new product and presentation of the versatility of its six substances, Lecta collaborated with six international female artists active in the fashion and cosmetics industries : Eli m. Rufat, Dagna Majewska, Naja Conrad-Hamsen, Marina Esmeraldo, Pascale Pratte and Sofía Bonati.

Using the slogan "Reveal your inner talent with Diva Art", these artists created pieces on Diva Art that represent six different divas with originality and elegance. The pieces feature creative, unexpected finishing such as fluorescent inks, black flocking, dry embossing and gold and metallized stamping that highlight and reveal the hidden details of the works. An open door to an infinite creative world through Diva Art.

2017-12-14  READ MORE...
Antalis launches ‘connected’ PowerCoat Alive paper , a gateway between print, smartphones and the web

Antalis , the leading distributor of paper, visual communication and packaging solutions in Europe, presents its new PowerCoat Alive manufactured by Arjowiggins, a smart paper embedded with NFC (Near Field Communications) technology that allows smartphones to read digital information without needing an app or QR Code. With PowerCoat Alive, Antalis is reinventing paper and adding a new dimension to printing
printing, as printed materials can now provide addition alcontent personalised to each reader.

2017-12-14  READ MORE...
Agreement signed between Lucart and Toscotec for the installation of the new PM12 line at Porcari mill.

Focusing even more on the tissue market : this is the goal of Lucart, leading producer in Europe of MG paper, tissue and airlaid products. Lucart Group is replacing one of the two MG paper PMs installed in 1976 at its Porcari plant in the province of Lucca with a new line manufactured by Toscotec, a multinational company leader in the supply of papermaking plants, machinery and technology.
The new AHEAD-2.0S tissue machine is equipped with the most innovative technological solutions.
The forming section is designed for the future installation of a new system aimed to increase the dry content and thickness of the finished product. The dry section includes the TT DOES solution with the shoe press TT NextPress , a TT SYD-16FT second-generation steel Yankee dryer and high-efficiency hoods that guarantee high quality paper with the lowest possible energy consumption.
The pope reel section, with the new TT REEL-H+, is designed to maintain the characteristics of the sheet, thanks to the use of the core assist drive on the primary and secondary arms. Thanks to this new system by Toscotec, reel change takes place at the maximum operating speed and at full format.

2017-12-14  READ MORE...
Smurfit Kappa’s Performance Packaging technology sets new industry standard

Smurfit Kappa has received the highest seal of approval for its performance packaging technology from a leading European research institution.
The pioneering technology, which Smurfit Kappa invented in 2001, has been endorsed by the Papiertechnische Stiftung (PTS) research and service institute in Germany setting a new industry standard.
PTS assists companies with the development and use of fibre-based materials. The PTS validation means that Smurfit Kappa’s test prototcols is now published as an official Deutsches Institut für Normung (DIN) norm leading to a more scalable and credible approach for corrugated packaging users.

2017-12-14  READ MORE...
Stora Enso refinances its revolving credit facility

Stora Enso has today signed a new EUR 600 million revolving credit facility agreement with a syndicate of 13 banks to refinance its existing EUR 700 million facility. The new facility matures in January 2023 and will be used as a backup for general corporate purposes. The loan has no financial covenants.

BNP Paribas, Citi and SEB acted as Coordinators, Bookrunners and Mandated Lead Arrangers for the facility, while Barclays Bank PLC, Crédit Agricole Corporate and Investment Bank, Deutsche Bank, DBS Bank Ltd, London Branch, DNB Bank ASA, Goldman Sachs, J.P. Morgan Securities plc, National Westminster Bank PLC, Nordea Bank AB (publ) and OP joined in syndication as Mandated Lead Arrangers.

“We are pleased with the continued support and commitment of our relationship banks. Improving the terms of the facility and extending maturity even longer adds flexibility during Stora Enso’s transformation,” says Group Treasurer Martin Ros.

2017-12-14  READ MORE...
Isabelle Margain to succeed Daniel Gomez as ATIP’s new Director

Isabelle Margain will succeed Daniel Gomez as new ATIP’s Director next March. Daniel Gomez, who is going to retire, has managed the French Technical Association of Paper Industry for the last 27 years.
Isabelle Margain is responsible of Developement, Basic Training and Certifications at Unidis (Union intersecteurs papiers-cartons pour le dialogue et l’ingénierie sociale ; The French Union dedicated to dialogue and social engineering within the French Paper Industry). She is also in charge of Afifor (Association Filière Formation), which gathers 14 French Training Centers.

2017-12-12  READ MORE...
Industrial applications of functional nanocelluloses

Charlene Reverdy defended her doctoral thesis at University Grenoble Alpes prepared under the supervision Julien Bras, Associate Professor, and Naceur Belgacem, Professor (Grenoble INP-Pagora / LGP2). She presented the results of her research work entitled Industrial applications of functional nanocelluloses.


The aim of this work is to implement new properties to a paper based material via the use of functional nanocelluloses.
Nanocelluloses are nanoparticles extracted from wood and distinguished in two categories : Cellulose Nanofibrils (CNF) and Cellulose Nanocrystals (CNC).


This work has only been carried out with CNF. The chemical reactivity of CNF was used to functionalize them with organotrialkoxysilanes. The entangled network and highly viscous suspension of CNFs was also used to synthesize silsesquioxane particles with limited size to impart (super)hydrophobic and antimicrobial properties.


Knowledge obtained through the study of model CNF films was then applied to paper based material coating. The functional CNF were evaluated for its use in an antimicrobial, anti-adherent, greaseproof or superhydrophobic paper surface.

2017-12-12  READ MORE...
The Board of Directors of Valmet Oyj decided on a new share-based incentive plan for key employees


The Board of Directors of Valmet Oyj has decided on a new long-term share-based incentive plan for Valmet’s key employees. The aim of the plan is to combine the objectives of the shareholders and the key employees in order to increase the value of the Company in the long run, to commit the key employees to the Company, and to offer them a competitive reward plan based on holding the Company’s shares.

The plan includes three discretionary periods, which are the calendar years 2018, 2019 and 2020. Valmet’s Board of Directors shall decide on the performance criteria and targets in the beginning of each discretionary period. The potential reward from the discretionary period 2018 is based on Valmet’s Comparable EBITA margin and orders received growth (%) of the stable business, that is, the Services and Automation business lines. The potential reward from the discretionary period 2018 will be paid partly in Company shares and partly in cash in 2019. The proportion to be paid in cash is intended to cover taxes and tax-related costs arising from the reward to the key employee.

Furthermore, the members of Valmet’s Executive Team are recommended to own and hold an amount of Company shares equaling to their gross annual base salary (100 percent ownership recommendation).

The rewarded shares may not be transferred during the restriction period, which will end two years from the end of the discretionary period. As a rule, no reward is paid if the key employee’s employment or service at Valmet ends before the reward payment. Should a key employee’s employment or service end during the restriction period, he or she must, as a rule, gratuitously return the shares given as reward to the Company.

The plan is directed to a total of approximately 120 participants, of which 80 are key employees in management positions (including Executive Team members), and 40 are management talents, which is a new target group in Valmet’s share based incentive plan. The total combined reward to be paid based on the plan is capped to an approximate maximum of 586,000 shares in Valmet Oyj, representing the gross reward before the deduction of taxes and tax-related costs arising from the reward.

2017-12-11  READ MORE...
ANDRITZ to supply a new stock preparation line and paper machine approach system for Varaka, Turkey


ANDRITZ has received an order from the Turkish Albayrak Group to deliver a new stock preparation line with a design capacity of 1,000 bdmt/d for its Varaka paper mill in Balikesir, Western Turkey. ANDRITZ will also supply the main components in the approach flow systems for the top layer of PM 2. Start-up is scheduled for summer 2018.

Varaka will reinstall and rebuild the PM 2, which currently is a second-hand newsprint paper machine, into a modern brown packaging paper machine. After full conversion, the PM2 will have an annual production capacity of over 300,000 tons, with a design speed of 1,200 m/min and a paper width at reel of 6,500 mm. The machine will produce corrugating medium, imitation kraft papers, and white top testliner with a basis weight range of 90-175 gsm for the production of containerboard. The raw material is OCC and mixed waste paper for the new line, and stock from the existing DIP line for the top layer of white top testliner grades.

The new stock preparation line comprises a pulping system with FibreSolve FSR pulper, cleaning, fractionation, and screening. The approach flow system for the new top layer will have two-stage screening and a four-stage cleaner plant. Basic engineering, erection supervision, start-up, commissioning, and training for the entire equipment supplied by ANDRITZ are also included in the scope of supply.

Varaka is part of the Turkish Albayrak Group, a conglomerate that is active in a broad range of sectors and industries. With the new brown packaging paper machine, the Albayrak Group will be entering the packaging business, which is a strongly growing sector in Turkey.

2017-12-11  READ MORE...
A 2 Mt capacity pulp mill to be built in the Emirates by Ittihad International Investment

During a presentation given today on the occasion of Paper One Show 2017, Mr. Amer Kakish, CEO of Ittihad International Investment based in Abu Dhabi, announced an ambitious investment plan for the paper division of the conglomerate that includes a new paper machine for Crown Paper in 2019.The striking news was the announcement of a project to build a pulp mill in the region. The capacity would be 2 MT with a commissioning scheduled for 2022. For the time being Mr. Kakish does not want to disclose the location nor the type of pulp. The fiber used would be from imported wood chips.

2017-12-11  READ MORE...
Gemayel calls for a stronger cooperation within the MENA region for paper producers

The Paper One Show 2017 is being held this week in Sharjah (UAE). The inaugural conference was chaired by Mr. Atul Kaul, Director of Waraq from Saudi Arabi open by Dr. Fady Gemayel as President of the Arab Federation for Paper, Printing and Packaging Industries. Dr. Gemayel is the founder of the Lebanese companies Gemayel Frères and Solicar, producers of packaging papers. He is also known for the take over of the French papermaker Gemdoubs.
During his speech, he called for a stronger cooperation of the industry in the region, reminding that the AFPPPI can be a strong and useful tool to help its members defending their interests at the highest political level.
Withim the exhibition area, some international companies like Valmet, Solenis, Andritz and Buckman are present. The italian technology is also well displayed with Gambini, ACelli, Recard and PCMC. Some Turkish producers like Ipek Kagit, KMK Paper, Fansa Group, and more local such as Ittihad, Queenex, Crown Paper, are exhibiting too.
After the cancellation of Paper Arabia 2017 that was due last October in Dubai, this show will have been the only one in the region this year.

2017-12-11  READ MORE...
Valmet to supply OptiConcept M containerboard making line for Shanying International in China


Valmet will supply an OptiConcept M containerboard making line for Shanying International Holdings Co., Ltd., in the city of Jingzhou in Hubei province, China. New production line (PM 21) with a wide automation package is designed to produce high-quality testliner grades. By increasing its production capacity, Shanying is aiming for bigger market shares. The start-up of the machine is scheduled for end of the year 2018.

The order is included in Valmet’s fourth quarter of 2017 orders received. The value of the order will not be disclosed. The total value of order of this type is typically EUR 40-50 million.

"Valmet has a long and successful relationship with Shanying International. Shanying International has six Valmet-supplied paper and board making lines, the latest ones are the two containerboard lines in Ma’anshan. These earlier projects and our successful OptiConcept M references convinced the customer to choose our reliable and well-proven technology. I am very pleased to say that with this board machine, the number of delivered OptiConcept M machines will be more than a dozen," says Mikko Osara, Vice President of Paper Mills Business Unit at Valmet.

2017-12-11  READ MORE...
SKF combines modern web technologies and a global service capability to improve rotating equipment performance

SKF is expanding and simplifying its software as a service offering to help its customers and SKF service partners by focusing on increasing performance and productivity, while reducing the time spent working to identify complex equipment faults.

Through the new Enlight Centre software platform, SKF will be able to detect equipment faults and provide actionable information to the customer’s maintenance team or directly to SKF’s service network to drive the most appropriate actions for increasing rotating equipment performance.

SKF delivers knowledge as a service through the Enlight Centre platform and its global Remote Diagnostic Services organisation. This cloud based platform will simplify SKF’s ability to connect more deeply with its customers at their point of need.

By moving to the Amazon Web Services platform, SKF will concentrate on delivering insights, actionable information and a comprehensive support for products and services on a global scale.

The new Enlight Centre version includes Action Tracking and Reporting to give customers a clear picture of the asset conditions through purpose built dashboards. With this new platform, remote service engineers will register asset conditions in a way that will help customers understand which equipment in their fleet needs their prioritised attention.

SKF simplifies the maintenance of rotating equipment by providing remote diagnostic services through a global network of providers who can use Enlight Centre to document severity, add notes and set asset statuses. It will also show the customer an asset history, which helps to ensure that all concerned with the performance of rotating equipment, including both operations and maintenance teams, work harmoniously to reduce cost and optimise asset performance.

Initially, the new Enlight Centre release will be targeted at SKF service engineers working in all segments plus chief engineers working in the maritime sector. Other groups of users will be invited to the platform in the near future, and all will eventually be connected to this platform to receive an exceptional user experience.

2017-12-08  READ MORE...
P&G Professional Debuts New Charmin® Bath Tissue for Commercial Use

- P&G ProfessionalTM , the away-from-home division of Procter & Gamble, today announced the launch of its new Charmin® Bathroom Tissue for Commercial Use, just in time for the busy holiday travel and party season. The two-ply tissue is noticeably softer than the leading premium commercial tissue, which creates a better guest experience.

Charmin brings brand recognition to guest and workplace bathrooms with 450-sheet rolls that are 40 percent thicker and 40 percent more absorbent than the leading commercial brand of toilet tissue. The thicker rolls mean businesses can save money by extending the time between roll changes. In fact, a 100-room hotel property can save up to $2,000 per year by using Charmin for Commercial Use and delaying roll replacement in guest rooms.

In addition, the commercial toilet tissue is clog-safe, septic-safe and Roto-Rooter approved, meaning businesses benefit from the long-lasting value of each roll without having to worry about flushability. Individually wrapped rolls ensure that the toilet tissue remains hygienic in storage, on display and when being replaced for use.

“Every experience a guest has in your business, whether it’s the cleanliness of the floors, the whiteness of the linens or the quality of the paper products in the restroom, can determine if they will be a repeat customer,” said Paul Edmondson, commercial director, North America, P&G Professional. “Charmin for Commercial Use allows our customers to give their guests an added touch of comfort with the softness they already know and love when they’re away from home. Customers who use products from P&G Professional can create a `like home’ environment in public spaces with brands like Bounty, Febreze, Swiffer, and now Charmin. The individually-wrapped single-roll format is able to deliver the right balance of value for our customers and softness for their guests.”

Improving the quality of the available toilet tissue is an inexpensive way to improve guest satisfaction. In the recently released 2017 Consumer Cleaning Insights Survey, 77 percent of people surveyed said that it’s a pleasant surprise to find a quality toilet tissue in their hotel room, and another two-thirds (66 percent) looked forward to coming back to a hotel when given a quality toilet tissue in their room. In a separate survey, P&G Professional found that guests who were satisfied with their toilet tissue were two times more likely to leave a positive review. Given the value travelers place on good toilet tissue, it is no surprise that 35 percent of respondents have considered bringing their own from home.

2017-12-08  READ MORE...
Bekaert Solaronics to install a gas IR system (GemDryer®) in an impregnation line for laminate flooring.

Bekaert Solaronics will install an infrared drying system in a decor paper impregnation line, just before the first drying oven, for a major industrial group in Europe. The objective of this investment is to increase significantly the line speed while maintaining a high product quality as well as decreasing the operating costs. The installation is scheduled beginning of 2018.
The Bekaert Solaronics GemDryer® transfer infrared energy without contact to the overlay or backer impregnated paper in a very small footprint. By rising the product temperature before the air oven, the speed of the line can be increased up to 30%. The hood will move away from the sheet using a parallel retraction mechanism to allow easy paper threading and optimize the service access in safety conditions. Thanks to its high compactness, the implementation of this system is easy and does not require any modification of the line.
In addition, the GemDryer® system is equipped with Gem12E emitters, known for their high efficiency and reliability. When running at full power, the gas consumption is reduced by 10%, allowing significant energy savings in the long run.

2017-12-08  READ MORE...
New grades launched for shopping bags of the future

No stranger to setting trends, Sappi’s latest specialty paper portfolio development sees it unveiling a new collection for the fashion-forward shopper. Driven by consumer preference for sustainability, Sappi has designed a family of shopping bag grades that present a unique ‘one stop shop’ marketing solution using recyclable and renewable paper-based products.

New grades launched by Sappi for its innovative shopping bag portfolio areFashion® White and Fashion® White OF that feature high whiteness with natural and good printing surface in a wide range of virgin fibre grades and grammages between 70gsm and 130gsm. Fashion White is a premium white MF Bleached Kraft and Fashion White OF is a premium white MF Bleached Kraft without added OBA. Both uncoated, machine finished grades are ISEGA certified for direct food contact and DIN EN71 certified for toy safety.

Also included in the shopping bag portfolio are Algro® Baress, Algro® Fin, Fusion®Topliner and Algro Design® specialty papers to support unique brand communication across multiple industries, such as clothes, perfume, cosmetics and confectionary. The FSC® and PEFC™ certified options also deliver outstanding offset and flexo printing results, excellent colour reproduction, consistent premium quality and flexible reel and sheet availability in large and small volumes.

“This shopping bag portfolio has been hand-picked to provide brands with a way to overcome regulations banning the use of plastic, while recognizing consumer desire for more environmentally-friendly packaging,” stated Michael Bethge, Productgroup Manager Flexible Packaging and Label Papers at Sappi. “This array of options provides an important part of a uniform brand communication through the high-quality look and feel of paper combined with environmental considerations and sustainability.”

Sappi’s mills are located in the centre of Europe ensuring all the grades offer short European delivery times.

2017-12-08  READ MORE...
Kemira increases prices of key sizing chemicals for paper and board industry globally - on PaperFIRST app

Kemira, a global chemicals company serving customers in pulp & paper and other water intensive industries, announces price increases of 10-25% across its main sizing product lines and FennoSize-products.
The price adjustments of the AKD-wax and -emulsions result from a challenging raw material situation and increased costs within the AKD-wax supply chain. The price increases of the ASA-sizes are driven mainly by increased raw material costs and tight olefin supply globally. Olefins are the main raw material of the ASA-products.
The price increases of the sizing agents will become effective on January 1st, 2018 or as contracts and other conditions allow and will be implemented globally.

2017-12-08  READ MORE...
EIB supports SCA’s energy efficiency and forestry investments

The European Investment Bank and Svenska Cellulosa Aktiebolaget (SCA) have signed a EUR 150m loan agreement. The EIB financing will support renewable energy and energy efficiency measures in a pulp mill in Timrå, Sweden, the regeneration and replanting of 68 000 ha of forest – almost three times the area of Stockholm – and the construction of 4 250 km of forest roads. The project is expected to create more than 650 new jobs in the rural economy around the mill and will enable SCA to increase its production in an environmentally sustainable way to meet the growing demand for renewable forest products.

EIB Vice-President Alexander Stubb, responsible for EIB operations in Northern European countries, said : “Our loan to SCA, a major European producer of forest products, will not only decrease the ecological footprint of the pulp, wood and paper products, it will also help to make the market pulp mill energy self-sufficient and to plant thousands of trees. With all eyes on COP23 currently, this is a project that really demonstrates the EIB’s firm commitment to climate-related investment.”

New, advanced process technologies will be installed at the pulp mill in Timrå, resulting in substantial energy efficiency gains. Additionally, the mill will be able to make use of renewable resources, like bark and by-products from the production process, for its energy generation, including both power and heat. As a result, the modernised pulp mill will not only be energy self-sufficient and increase its production capacity, but it will be able to export surplus (green) power. The mill’s carbon footprint will be smaller than that of any comparable mill in the world.

SCA is not only the second largest European saw mill company, but the largest private forest owner in Europe. The company’s forests absorb more CO2 than the total CO2 discharged by its entire industrial and transport activities each year. SCA’s forestry measures financed by the new EIB loan are expected to absorb over 44 000 additional tonnes of CO2 equivalents per year, corresponding to the CO2 emissions generated by 14 000 cars per year.

The pulp mill will start up in June 2018 once the modernisation project has been completed. The forestry project and the upgrade of the forest road network will be carried out over a period of five years from 2017 to 2021.

“We are carrying out a unique project that will bring the Östrand pulp mill to a leading position in every respect – production, quality, environmental performance,” says Toby Lawton, CFO of SCA. “We’re very pleased with the cooperation with EIB, which contributes to the sound and competitive financing of SCA.”

The European Investment Bank is the world’s largest lender for forest-related investment and over the last five years it has provided EUR 4.5bn for investment in forests around the world. This forest engagement and role as a public bank ensures that only projects with the greatest environmental and economic potential can be supported. Sweden has some of the best and fastest-growing forests in the world and unlocking new investment in forestry is crucial for both the rural economy and the environment. This impressive new investment will both support employment and enable better use of renewable resources.

2017-12-07  READ MORE...
ANDRITZ to supply flash drying line to Stora Enso, Finland


ANDRITZ has received an order from Stora Enso Imatra Mills to supply a new flash drying line, including an ANDRITZ Twin Wire Press, fluffer, and flash dryer. Start-up of the new plant, which has a production capacity of 400 admt/d, is scheduled for the first quarter of 2019.

ANDRITZ’s well-proven flash drying technology ensures minimum energy consumption and highest pulp quality. As a leading supplier of flash dryers, ANDRITZ will be supplying a drying system for gentle drying of mechanical pulp fibers, at the same time using the energy flows available to optimum benefit. The high-efficiency cyclones in combination with a scrubber will reduce emissions to the lowest possible level.

The ANDRITZ Twin Wire Press allows for highest dryness ahead of the flash dryer. Over 600 presses sold and installed around the world prove superior dewatering performance for any kind of fibrous material at any freeness level and with high discharge consistencies of up to 50%.

Stora Enso Imatra Mills, a member of the Stora Enso Group, consists of two production units : Kaukopää and Tainionkoski. Together, they employ approximately 1,000 people and produce one million tons of board and paper annually. More than 90 per cent of production is exported, mostly to countries in Europe, but a substantial share is also exported to Southeast Asia. Imatra produces mainly liquid packaging board for beverage cartons and food service board for paper cups and various food packagings

2017-12-07  READ MORE...
DS Smith scored by WWF Environmental Paper Company Index (EPCI) 2017

DS Smith is proud to participate in the EPCI for the second time, demonstrating an on-going commitment to transparency on sustainable fibre sourcing, manufacturing performance and environmental management.

2017-12-07  READ MORE...
SOFIDEL CONTINUES TO IMPROVE TRANSPARENCY AND ENVIRONMENTAL RESULTS ACCORDING TO THE WWF ENVIRONMENTAL PAPER COMPANY INDEX

The tissue production Group known for the Regina brand has made significant progress in reducing the amount of waste sent to landfill and in its Environmental Management System and reporting, according to the biannual EPCI, a WWF tool to promote transparency and continual improvement in the PPP sector.

2017-12-06  READ MORE...
ANDRITZ to modernize stock preparation in the sack kraft paper production line at Mariysky Pulp and Paper Mill, Russia


ANDRITZ has received an order from Mariysky Pulp and Paper Mill in Volzhsk, Russia, to upgrade the existing stock preparation line of PM 1 with state-of- the-art equipment for thickening and high-consistency refining. Start-up is scheduled for the third quarter of 2018.

ANDRITZ will modernize the existing two-stage, low-consistency refining process, which will achieve a significant improvement in the final product. The installation includes a ModuScreen CP, an ANDRITZ Twin Wire Press with shredder, as well as an ANDRITZ high-consistency 1C refiner to significantly enhance the sack paper properties. The existing ANDRITZ low-consistency TwinFlo refiner, supplied in 2015, will remain in the layout. Engineering, training, and advisory services for mechanical installation work, commissioning, and start-up are also part of the ANDRITZ scope of supply.

The sack paper production line has a capacity of 175 bdmt per day and uses a mixture of unbleached hard- and softwood as raw material.

Mariysky Pulp and Paper Mill is a well-known Russian supplier of paper products, such as wrapping paper, sack paper, writing paper, packaging paper, and corrugated board.

2017-12-06  READ MORE...
Cascades acquires containerboard packaging plants in Ontario and increases its ownership in Greenpac

Cascades Inc. announces the acquisition of four plants in Ontario to strengthen its position in the containerboard packaging sector, and the purchase of an ownership position in Tencorr Holdings Corporation. The company also announces an increase in its equity holding of the Greenpac Mill LLC.

"We are very pleased to expand our presence in Ontario and increase our stake in Greenpac for the second time this year. These transactions align perfectly with our vision and strategy for our containerboard activities," stated Cascades President and CEO Mario Plourde.

The four following plants were acquired from the Coyle family, and specialize in the manufacturing of boxes and speciality products offering strong growth potential :

· McLeish Corr -a-Box Packaging & Design – Etobicoke, Ontario

· Brown Packaging – Burlington, Ontario

· Coyle Corrugated Containers Inc. – Scarborough, Ontario

· Coyle Packaging ( Peterborough ) Ltd. – Peterborough, Ontario

This transaction will allow Cascades to expand its presence in Ontario , to increase its production capacity by 500 million square feet per year, and to strengthen its ability to serve customers in this region. These plants already have procurement agreements with Greenpac, and as such the transaction will have little impact on Cascades’ integration rate.

Cascades has also acquired the Coyle family’s 33% stake in Tencorr, a company specialized in manufacturing sheet stock for box producers.

Furthermore, Cascades has also acquired an additional interest in Containerboard Partners, one of Greenpac’s shareholders, thus increasing its holdings in Greenpac to 66.1% from 62.5%. The Company has been consolidating the Greenpac results since April 2017. 

The total cost of the transaction amounts to $49 million, of which $21 million is related to the increased stake in Greenpac and its new position in Tencorr. The containerboard packaging plants were acquired for a consideration of $28 million, including an assumed debt of $4 million , which represents a multiple of 6.5 times the adjusted operating income before depreciation of these operations, and excludes anticipated synergies.

"These new assets will support our growth by providing us with increased capacity and flexibility. This transaction will also enable us to better serve our customers as we will be better positioned to provide them with the packaging solutions they seek. I would also like to welcome all of the employees of these new plants to Cascades," said Charles Malo, President and Chief Operating Officer of Cascades Containerboard Packaging.

2017-12-05  READ MORE...
Buckman and Engro form digital strategic alliance

Buckman has entered into a strategic alliance with Engro Corporation, through its digital business arm Engro Digital, to deliver process and reliability optimization to utilities and industries. The partnership will focus on developing apps on Predix, GE’s application development platform for the Industrial Internet that was purpose-built to meet the scale, complexity, speed and security requirements of industry. Engro has already partnered with GE Digital to leverage Predix for developing Digital Industrial Solutions.

The agreement was signed by Najam Saeed, Head of Business Development, Energy and Infrastructure, Engro Corporation – Digital Business, and Junai Maharaj, CEO and President of Bulab Holdings Inc, in the presence of senior executives from both companies at Buckman’s headquarter located in 1256 North McLean Blvd. Memphis, Tennessee 38108-1241, U.S.A on October 18th.

2017-12-05  READ MORE...

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