Mohawk is announcing a price increase of 3.0% on all Domtar Lynx ® and and Earth Choice® Envelopes, and on all International Paper Accent ® Opaque and Springhill ® Envelopes effective with orders taken on June 4, 2018. This price increase will be applied to all contracts and promotions, within agreed upon terms, which include these grades. Manufacturing orders for these envelopes on file with Mohawk prior to June 4, but shipping after that date, will retain the agreed upon price.
Independent German paper mill Feldmuehle Uetersen has confirmed that it has been acquired, with more than 95% of jobs saved.
Following reports last month that the business, which filed for insolvency in January, had been acquired by a holding company, the buyer’s identity has now been unveiled as a subsidiary of Berlin-based private equity company Beteiligungsgesellschaft Kairos Industries.
400 of 420 jobs have been saved according to insolvency administrator Tjark Thies of Reimer Rechtsanwälte, who said the conditions of the deal were met this week.
“The successful completion of this refurbishment is largely thanks to the dedication, flexibility and responsiveness of the Feldmuehle employees,” said Thies.
“At the end of May 2018, the Feldmuehle Works Council approved a 10% salary waiver for employees until 31 December 2019, thereby creating an essential prerequisite for the financing of the acquisition.”
Producing around 250,000 tonnes of paper a year at its mill, just west of Hamburg, Feldmuehle Uetersen has a history stretching back to 1904.
more detail at source: https://www.printweek.com/print-week/news/1164754/feldmuehle-uetersen-sale-confirmed?utm_content=&utm_campaign=180618_PWdaily&utm_source=PrintWeek&utm_medium=adestra_email&utm_term=http%3A%2F%2Fwww.printweek.com%2Fprint-week%2Fnews%2F1164754%2Ffeldmuehle-uetersen-sale-confirmed