RISI Reports Price Increases by Lecta, Burgo

International technology Group ANDRITZ has received an order from Stora Enso to increase the capacity of the evaporation plant of their Enocell Mill in Finland. Start-up of the upgraded evaporation…

"Foodservice packaging converters and end users are seeking natural kraft OGR paper options that offer the right combination of quality, performance and run-to-run consistency," said Mike Weinhold, Verso President of Graphic Papers. "Our GlazeArmor™ family of OGR papers excels in these critical areas, and we will deliver these solutions with the same level of highly personalized customer service, experienced technical resources, and overall attention to detail that customers have come to expect from Verso." GlazeArmor™ natural kraft options are an exciting addition to the broader portfolio of Verso's machine-glazed laminating and converting papers, which are relied upon by flexible packaging converters worldwide. Featuring OGR levels ranging from Kit 5 to as high as Kit 12, GlazeArmor™ NK OGR and GlazeArmor™ NK Micro are Perfluorooctanoic acid (PFOA)-free and are designed to work well in low to high oil and grease end uses. These OGR papers offer excellent runnability and converting performance, both key performance requirements for end-use applications such as sandwich and deli wraps, foodservice liners, microwave popcorn bags and laminated food pouches. Click Read More below for additional information.

Rayonier Advanced Materials Inc. and Tembec Inc. announced that they have entered into an amendment to the arrangement agreement under which Rayonier Advanced Materials has agreed to acquire Tembec for an increased consideration valued at C$4.75 per Tembec share. The revised terms were unanimously approved by the boards of directors of both companies. Under the Amended Arrangement Agreement, Tembec shareholders will have the right to elect to receive either C$4.75 in cash or 0.2542 shares of Rayonier Advanced Materials common stock per Tembec common share, subject to proration so that approximately 67% of the aggregate consideration is paid in cash and approximately 33% is paid in Rayonier Advanced Materials common stock. The increased consideration represents a 17% increase in value offered for the shares compared to the initial terms and a premium of 61% to the closing price of Tembec’s shares on May 24, 2017, the day immediately before the initial announcement concerning the Arrangement. Click Read More below for additional detail.