Canfor Closes Vida Group of Sweden Acquisition

Asia Pulp & Paper Group (APP) acquired PT OKI Pulp & Paper Mills (OKI) in 2013 as part of our expansion plan to increase our production capacity responsibly, which is essential for us to continue meeting growing market demands and further strengthen Indonesia's contribution to global trade. The initial production license for the OKI mill, which was issued by the Capital Investment Coordination Agency (BKPM) and accompanied by an approved Environment Impact Analysis license, was granted for the production of 2 million tons of pulp annually. The mill will commence production this year at low level and will gradually increase subject to demand and the availability of raw materials. Pulp production and any future increase in production will be subject to the availability of raw materials from our suppliers. The design capacity of the mill is 2.8 million tons per year.

Lecta expands its offering of Adestor self-adhesive products for the healthcare industry with the launch of Adestor Laser 60 LB DfE. Hospitals and laboratories handle chemical samples and tests that require a high degree of traceability to ensure the monitoring of all the coded data on test tubes. The identification of the containers, through variable labeling, requires label integrity, both in terms of adhesion and data legibility. The new Adestor Laser 60 LB DfE facestock, with greater environmental efficiency, provides excellent performance for all small-diameter labeling applications used in the most frequently performed analysis processes in laboratories. This new product is also ideally suited to different variable data printing technologies.

The construction of Empire Recycled Fiber mill in Fairless Hills, Pennsylvania is scheduled to commence this fall. The work on the mill project had started almost a year ago. The financing for the project is expected to close during Q3 2020. The construction works may take 12-14 months, thus gearing up for a 2022 startup. Upon full operations, the plant will employ approximately 110 full-time manufacturing employees. According to company press release, the mill will be constructed at an investment of $125 million. The facility will take in over 500,000 tons per year of recovered fiber and produce almost 440,000 tons per year of recycled paper pulp to be used as raw material by paper manufacturers.