The suspense is not completely over for Appleton Coated and its 620 employees. The struggling paper mill's sale to Industrial Assets Corp., a used machinery dealer based in Los Angeles, progressed in a six-hour marathon hearing Monday before Outagamie County Circuit Court Judge Gregory Gill. "I'm not going to take any action," Gill said late Monday. "We have definitive things in place but we're not at the finish line." Lawyers have a maximum of five days to hash out the details of a hybrid agreement that states Industrial Assets will pay $20 million for Appleton Coated and at the same time market the mill as an ongoing operation for 45 days. Mark Freedlander, an attorney for Industrial Assets, said "we have reached an agreement and we are responsible for marketing the entity as a going concern." Click Read More below for additional detail.
International technology Group ANDRITZ has received an order from Kabel Premium Pulp & Paper to supply a new ATMP (Advanced Thermo Mechanical Pulp) line to their mill in Hagen, Germany.
The ANDRITZ ATMP technology is a highly optimized process design with modular process steps that ensure enhanced fiber properties at reduced energy consumption. Start-up is scheduled for the final quarter of 2019.
ANDRITZ will refurbish second-hand machines that Kabel Premium bought from a former magazine paper production line in Germany. In order to meet Kabel Premium’s high demands with regard to energy efficiency and fiber quality, ANDRITZ will install several new, key equipment units: a new MSD Impressafiner to delaminate and impregnate chips even more gently and efficiently as well as new fiber centrifuges to guarantee superior fiber/steam separation. Two second-hand and refurbished ANDRITZ high-consistency refiners will form part of the first and second refining stages.The scope of supply also includes the DCS system, complete installation of the scope delivered, basic engineering, commissioning, and start-up.
The broad spectrum of ANDRITZ’s capabilities within the pulp and paper industry as well as its specialist know-how in the second-hand business were decisive in the Kabel Premium Pulp & Paper’s decision to place the order with ANDRITZ.
Kabel Premium Pulp & Paper has a long history as a well-known producer of top-quality printing paper. Established in 1896, the company has around 540 employees.