Metsä Board, part of Metsä Group, announced in May 2022 that it will explore possibilities to increase folding boxboard capacity in Finland or Sweden in order to support its customers’ growth and to strengthen its service capability. As result of the study, the company will start pre-engineering for a new folding boxboard mill with an annual capacity of approximately 800,000 tonnes at the Kaskinen mill site in Finland. The pre-engineering phase will include technical design, design of infrastructure and logistics solutions and tendering for the main equipment. As part of the pre-engineering, an environmental impact assessment and an environmental permit process will be launched. The company estimates that a possible investment decision could be made in 2024 at the earliest. The pre-engineering for the new folding boxboard mill is based on fossil-free production and world-class resource and production efficiency. Thanks to the best available technology, the consumption of raw materials, energy and water per tonne of folding boxboard produced would be significantly lower when compared with the existing mills. The product concept would benefit from Metsä Board's long-term development work in the production of premium lightweight paperboards.
In its second quarter financial report, Kingsey Falls, Quebec-based packaging producer Cascades Inc. has announced its Bear Island conversion project in Ashland, Virginia, has been impacted by the “current inflationary environment.”
The company says higher cost levels combined with labor and material availability constraints have led to temporary delays in certain construction milestones and have increased the total cost of the project near $470 million to $485 million. The conversion originally was projected to cost approximately $380 million when the project first was announced in October 2020.
“Our team is working closely with contractors to mitigate any potential delay caused by these elements in order to meet the targeted mid-December 2022 start date,” Cascades President and CEO Mario Plourde says.
more at: https://www.recyclingtoday.com/article/cascades-bear-island-conversion-project-cost-increases-reports-second-quarter-2022-results/