Due to continued cost increases and solid demand, Sappi is forced to pass on this cost inflation by increasing its CWF and UWF prices in sheets and reels by 6-8% effective on deliveries from October 1st 2018 for all European and Overseas markets.
Gov. Matt Bevin today announced Global Win Wickliffe LLC, a Chinese-owned paper products manufacturer, will reopen the former Verso Corp. mill in west Kentucky’s Ballard County with a $150 million investment expected to create 500 full-time jobs. Executives of Global Win Wickliffe signed a purchase agreement today with representatives of Verso to buy the facility for approximately $16 million. The sale is expected to close around the beginning of the third quarter of this year. The new owners plan to refurbish the mill with new equipment and updated technology. Global Win Wickliffe executives anticipate reopening the mill by the end of 2018, with the facility producing pulp and brown paper packaging. The paper mill will be the buyer’s first US facility. Click Read More below for additional information.
KP Tissue Inc. and Kruger Products L.P. announced its plan for a capital investment of $575 million in the Brompton area of Sherbrooke, Québec, to build a new, state-of-the-art tissue plant featuring Canada’s largest and most modern through-air-dry (TAD) machine. The project will create more than 180 new jobs in the region. The announcement of this major project, supported by the Government of Québec, was made in the presence of Dominique Anglade, Quebec Deputy Premier, Minister of Economy, Science and Innovation and Minister of Québec’s Digital Strategy, Luc Fortin, Québec Minister of Families and Minister Responsible for the Estrie Region, and Guy Hardy, MNA for Saint-François, as well as Dino Bianco, Chief Executive Officer, Kruger Products L.P., and Joseph Kruger II, Chairman and Chief Executive Officer, Kruger Inc. The new plant, which will be adjacent to an existing facility of the Kruger Group, will produce at maturity approximately 70,000 metric tonnes per annum of bathroom tissue and paper towels which will enable Kruger Products to increase its offering of ultra premium and innovative tissue products under the Cashmere®, SpongeTowels® and Purex® brands. Click Read More below for additional information.
Kimberly-Clark Corporation announced that it is notifying customers in the U.S. and Canada of plans to increase net selling prices across a majority of its North America consumer products businesses. The increases will be implemented through changes in list prices and package counts and are necessary to help offset significant commodity cost inflation. The percentage increases are generally in the mid-to-high single digits on average and will mostly impact Cottonelle and Scott 1000 bathroom tissue, Kleenex facial tissue, Viva paper towels, Huggies diapers, Pull-Ups training pants and GoodNites youth pants. The increases on Cottonelle bathroom tissue and Viva paper towels will occur in the fourth quarter of 2018 while most of the remaining increases will occur in the first quarter of 2019.
Please be advised that Irving Paper will increase its prices of Irving SCA, Irving SCB, Irving Radiance (SCA+) and Irving Opulence (SCA++) $40 USD/Short Ton (all Basis weights) effective with new and existing orders shipping on and after October 1, 2018 in the US Market and $50 CDN / Short Ton in Canada. This increase is in addition to the previous announced increases.
Neenah announces its recent investment to reinvigorate the cotton fiber paper category with its new NEENAH® Cotton Papers, a 100% cotton paper expertly manufactured by the mill that has been crafting the finest, pure cotton papers since the late 1870’s. “NEENAH® Cotton Papers truly represent everything Neenah brings to the art and science of papermaking: impeccable quality and superior craftsmanship,” said Ellen Bliske, Senior Marketing Manager, Neenah. Created especially for letterpress design, modern correspondence and events with gravitas, NEENAH® Cotton Papers provide the feel of fabric, a handmade aesthetic, and the natural strength to sustain letterpress, engraving, and foil stamping, as well as offset and digital printing. Click Read More below for additional information.
In order to meet increasing customer demand, Stora Enso will broaden its biocomposites raw material base at the Hylte Mill, Sweden to provide more choice in technical properties and selection of fibres. The investment covers a new Biocomposites Competence Centre and the installation of new machinery for the milling of large fibres for the DuraSense™ by Stora Enso biocomposite material. “As we see an increasing demand for the innovative DuraSense™ biocomposite, the diversification of the raw material base and the new Biocomposites Competence Centre will provide Stora Enso with faster access to the market for replacing fossil-based plastics with renewable ones,” says Jari Suominen, Executive Vice President, Stora Enso’s Wood Products division. “With our fully integrated process and excellent fibre knowledge we can enhance our growth in this market.” Click Read More below for additional information.
*Operating profit for January–June totalled SEK 1 271 million, an increase of SEK 119 million from the same period last year. The improvement is attributable to higher profit from wood products and energy, and to the sale of a forest property. *Compared with the first quarter, profit for the second quarter decreased by SEK 35 million to SEK 618 million. Paperboard production was strong and selling prices for wood products increased. Hydro power production decreased seasonally. Income for the first quarter included SEK 70 million from the sale of a forest property. Click Read More below for additional information.
Together with the Nürnberger Spielkartenverlag, Koehler succeeded in creating a card game that was nominated for the 2018 Game of the Year. As a supplier of cardboard for playing cards and chromo paper to well-known game manufacturers, Koehler’s special paper offers the perfect foundation for the production of these popular board games. The 2 x 60 playing cards used in the game were made with Koehler Casino Classic cardboard for playing cards, which is very popular with game manufacturers due to its perfect processing properties. Click Read More below for additional information.
Effective with shipments on and after September 13, 2018, Clearwater Paper Corporation will increase the price on all calipers of the following bleached paperboard grades: Candesce® C1S, CBS & Uncoated Grades; Ancora® C2S; Candesce® C1S & C2S Blister; Candesce® Skin Board; Candesce® Topsheet; Candesce® Cup Stock Grades; Candesce® Foodservice C1S; Candesce® Plate; Candesce® Liquid Packaging Grades.