The buyer, International Paper, will convert the mill into recycled containerboard production. International Paper will continue to produce newsprint at the mill until the second half of 2017 when it is scheduled to be converted into recycled containerboard. During this period, Holmen will sell the newsprint produced at the mill and continue to serve its customers. During this period we will maintain our service and deliveries of todays products. Our customers will not be affected, says Nils Ringborg, CEO Holmen Paper. Included in the transaction is also the recycled paper collector Cartón y Papel Reciclado S.A. (Carpa) and Holmen´s 50 per cent shareholding in the energy producer Peninsular Cogeneración S.A.

Klabin inaugurated today its new pulp mill located in Ortigueira, Paraná.The Puma Unit represents an important mark in the company’s new growth cycle.With the new mill, Klabin becomes a fiber solutions company by being the only one in Brazil to produce, at the same plant, bleached pulp from hardwood fibers, bleached pulp from softwood fibers and fluff pulp. “It’s imperative for a country of continental dimensions, like Brazil, to have a solid and competitive industrial sector.And Klabin shares this vision.It’s at the core of our corporate DNA,” said Galvão during the inauguration ceremony.According to Israel Klabin, who also sits on the company’s board, “the project that most inspires us is the one to develop sustainably.The one to create an environment of stability that allows us to think further ahead and benefit a greater number of stakeholders.” The highest private-sector investment ever made in the state of Paraná, the project required total investment of R$8.5 billion, including infrastructure and recoverable taxes, and construction was completed in 24 months and within the initial budget.The Puma Unit will have annual production capacity of 1.5 million tons of pulp, with 1.1 million tons of bleached hardwood pulp (eucalyptus) and 400,000 tons of bleached softwood pulp (pine), a portion of which will be converted into fluff pulp.With power generation capacity of 270 MWavg and 150 MW of surplus power, which is sufficient to supply a city with a population of 500,000, the new operation further improves Klabin’s electricity self-sufficiency.

Borregaard (BRG) and Rayonier Advanced Materials (RYAM) have concluded a market, technical and engineering analysis regarding a new lignin operation at RYAM's Fernandina Beach site in Florida to serve the growing demand for natural lignin-based products. The final review of the investment by the companies' boards of directors is anticipated during the second half of 2016 upon receipt of final permits and incentives from government entities. If the companies elect to proceed, operations are expected to commence approximately 18 months later. Cost of construction of the lignin plant is expected to be $135 million over two phases of the project. Phase one, which will have a lignin capacity of 100,000 metric tons, is estimated to cost $110 million. An estimated incremental $25 million will be required in phase two to increase the total capacity to 150,000 metric tons. LignoTech Florida intends to access the debt markets to fund a portion of the capital requirements.