The foundation stone of Metsä Wood’s new birch plywood mill was laid in Pärnu, Estonia. The greetings in the ceremony were delivered by the Minister of Public Administration of Estonia Mr. Jaak Aab and the President and CEO of Metsä Group Mr. Kari Jordan. “This is an important investment for Metsä Wood and the whole Metsä Group. It is done to better meet the globally growing plywood demand and to further improve Metsä Wood’s industrial efficiency. The new mill is a good example of Finnish-Estonian cooperation. Estonia has favourable business climate and it offers good logistical connections to our main markets.” said CEO of Metsä Group Kari Jordan in today’s ceremony. The annual birch plywood production capacity at the Pärnu mill will be 50 000 cubic metres and the total investment is approximately 55 million euros. Click Read More below for additional detail.
Please be advised that Irving Paper will increase its prices of Irving SCA, Irving SCB, Irving Radiance (SCA+) and Irving Opulence (SCA++) $50USD/ST and $65CDN/ST effective with all new and existing orders shipping on and after November 1, 2016. This increase affects all basis weights.
We are pleased to announce that 30-year paper and packaging veteran Tony Mollica joined Twin Rivers as our new Chief Executive Officer. He brings to the company a unique blend of sales, operations, and leadership experience that will accelerate our strategic transformation to becoming the market-leading manufacturer of specialty packaging, technical, label, and publishing papers. Tony replaces Tim Lowe, who will return to his role on the Board of Directors after acting as Interim CEO.
Representatives of Resolute Forest Products are asking Queen's Park for help, as they battle with American producers for access to U.S. markets. Resolute says they have $100 million in duty deposits sitting in Washington, and there's still no agreement on softwood lumber. The last deal expired in the fall of 2015, and new terms weren't included in the recently negotiated USMCA. Resolute Forest Products says their carbon footprint is down 76 per cent since 2000, and they don't want to see new rules from both federal and provincial governments. In their delegation to the finance committee of the legislature earlier this week, the company spokesman noted they had invested $250 million in the province, and they employ more than 4,000 workers. Click read more below for additional detail.