Jay mill to permanently idle paper machine, not rebuild pulp mill (sunjournal.com)

Northern Pulp Nova Scotia announced that the British Columbia Supreme Court (the “Court”) has approved the requests made by Northern Pulp to, among other things, extend the protection under the Companies’ Creditors Arrangement Act (the “CCAA”) to October 31, 2021. The Court has also approved the amendment of the interim financing milestones under the interim financing facility to coincide with the Stay Extension and approved an additional draw of $6.0 million to meet obligations during the extended timeframe. Throughout the Stay Extension, Northern Pulp will continue to manage and maintain the mill and advance plans to transform its operations.

Trayforma by Stora Enso is a new wood fibre-based material composition designed for microwavable food tray packaging. The renewable material is free of PET, has a very low share of PP and a lower carbon footprint compared to traditional meal tray products. The material contains up to 95% wood fibres, making it widely recyclable in most existing carton packaging recycling schemes. Microwavable meals are typically packed in fossil-based PET trays as the material is safe for heating. Stora Enso’s Trayforma material replaces fossil-based plastics with renewable, light-weight paperboard that significantly lowers the carbon footprint of each tray. By changing to recyclable, low-carbon trays, brand owners and retailers selling microwave ready-meals can act on circular economy commitments.

Twin Rivers Paper Company LLC announced that it has entered into a definitive agreement to acquire the paper mill located in Pine Bluff, Arkansas owned by Mondi Group. Twin Rivers, headquartered in Madawaska, Maine, produces specialty packaging, label, publishing, and technical specialty papers as well as dimensional lumber. It is owned jointly by Atlas Holdings LLC and Blue Wolf Capital. The acquisition is anticipated to be completed in Q2 2018. Terms were not disclosed. The Pine Bluff mill to be acquired under this Agreement produces Multiwall, Converting and Grocery Bag grade unbleached kraft papers serving a variety of food, agricultural, and industrial applications. With basis weights between 40# and 78#, the mill has a capacity in excess of 140,000 US short tons. Click Read More below for additional information.