After more than 100 years in business, Midland has grown from a single Midwest location to a national company with offices from coast to coast.
This type of growth requires relentless effort and a continual focus on doing things right.
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Recent Paperclips Industry News
30Jul 21
Domtar, Paper Excellence Merger Approved by Stockholders
Stockholders of Domtar Corporation approved a proposal to adopt a business combination with Paper Excellence B.V. whereby Karta Halten B.V., an affiliate of Paper Excellence, will acquire all of the issued and outstanding shares of Domtar common stock for $55.50 per share in cash pursuant to an agreement and plan of merger dated May 10, 2021 (the “Merger”). More than 81 percent (81.93%) of the issued and outstanding shares of Domtar’s common stock entitled to vote at the special meeting of stockholders were voted in favor of the Merger. In addition, the non-binding compensation advisory proposal was also approved by a majority of the shares represented at the meeting.
30Jul 21
Canfor Reports Results for Second Quarter of 2021
Record quarterly reported operating income of $1.04 billion driven by unprecedented high lumber prices and a strong operating performance across all regions; record-high quarterly sales of $2.5 billion. Results in the pulp and paper segment largely reflected materially higher Northern Bleached Softwood Kraft (“NBSK”) pulp unit sales realizations, and to a lesser extent, an 8% increase in shipments following transportation disruptions experienced in the first quarter of 2021. These factors more than offset the impact of the stronger Canadian dollar and market-related fibre cost increases in the current quarter.
30Jul 21
Huhtamaki set to launch next generation tube laminates with ISCC certified renewable content in partnership with LyondellBasell, Plastuni Lisses and Groupe Rocher for use in cosmetics and food sectors
Huhtamaki, a key global provider of sustainable packaging solutions for consumers around the world, has achieved an important technology breakthrough in developing next generation sustainable tube laminates. Working in partnership with LyondellBasell, Plastuni Lisses (Groupe Somater) and Groupe Rocher, Huhtamaki is launching a tube laminate with more than 40% recycled content from renewable based plastics. The laminate is primarily suitable for product applications in the cosmetics, personal care, oral care, and food sectors. The new laminate makes a significant contribution to fully circular flexible packaging solutions for these sectors. Working across the value chain where every partner has its own responsibility, LyondellBasell as the resin supplier, Huhtamaki as the laminate manufacturer, Plastuni Lisses as the tube maker and the leading cosmetics, home care and apparel company Groupe Rocher as the brand owner, Huhtamaki has successfully developed its next generation of tube laminates. For this innovative project, Huhtamaki focused on facilitating the incorporation and use of recycled materials creating recyclable products which increase the circularity of laminated tubes. To this end, it used resins from LyondellBasell’s innovative CirculenRenew polymers that are produced with renewable feedstock from bio-based sources from waste and residues such as used cooking oil, using a mass balance approach. These are certified under the ISCC PLUS standard.