AF&PA Disappointed in Passage of Bag Provision

International technology Group ANDRITZ has received an order from Nine Dragons Paper Industries to supply two complete OCC lines with a capacity of 2,000 bdmt/d each to their mills in China. The lines feature the following technological highlights: *FibreFlow Drum pulping systems, ensuring premium accept quality thanks to gentle slushing and efficient removal of coarse contaminants with minimum fiber loss *PrimeScreen F fine screens and fractionators with newly developed PrimeFoils for increased efficiency and lower power consumption *PrimeFilter D disc filters – the latest ANDRITZ innovation in thickening and fiber recovery – enabling the system to handle higher feed consistencies and higher-freeness pulp, even in the most demanding applications, and in parallel offering significant improvements in terms of energy consumption and maintenance *Ultra-high dispersing, allowing dispersion at a consistency of up to 40% to achieve substantial savings in steam consumption and superior fiber strength development.

Peter Oswald, Mondi Group chief executive, said: “Mondi delivered a robust performance in the first half of 2017, with revenue up 8%, underlying operating profit of €497 million and a return on capital employed of 18.7%, reflecting management’s ongoing value focus and the strength of our business model. Profitability was down on the comparable prior year period, mainly driven by a significantly lower forestry fair value gain in South Africa and the impact of mill maintenance shuts. We continue to drive growth through our capital investment programme. During the period, we commissioned the second phase of our major investment in the ongoing development of our world-class facility in Poland, while good progress is being made on the modernisation of our kraft paper facility in Czech Republic. The integration of acquisitions completed during 2016 and early 2017 is on track. These acquisitions enhance our geographic reach and product portfolio in Corrugated Packaging and Consumer Packaging. The market outlook remains broadly positive. We saw strong demand across Packaging Paper and Corrugated Packa ging in the first half and successfully implemented price increases across certain paper grades, the full effect of which is anticipated in the second half. The second half of the year will be impacted by planned maintenance shuts at a number of our mills and the usual seasonal downturn in Uncoated Fine Paper. While we continue to see some inflationary cost pressures, we remain confident of making progress in the year and continuing to deliver industry leading returns." Click Read More below for additional detail.

Smurfit Kappa Group confirms that the boards of directors of Smurfit Kappa and WestRock Company are discussing the key terms of a potential combination to create Smurfit WestRock, a global leader in sustainable packaging. The Potential Combination would be expected to involve the creation of a new holding company, Smurfit WestRock. Smurfit WestRock would be incorporated and domiciled in Ireland with global headquarters in Dublin, Ireland and North and South American operations headquartered in Atlanta, Georgia. The Potential Combination would be effected through an Irish scheme of arrangement involving Smurfit Kappa and a merger of a subsidiary with WestRock. Any such combination would result in WestRock shareholders receiving consideration consisting primarily of shares of the Combined Group.