Metsä Group started up its Kemi bioproduct mill and paperboard mill

Sonoco announced it has entered into a new five-year $750 million revolving credit facility (the “Credit Agreement”) with a syndicate of banks. The Credit Agreement replaces an existing credit facility entered into on July 20, 2017, and reflects substantially the same terms and conditions. “We are pleased to upsize our prior $500 million committed credit facility with a new $750 million revolver and extend the maturity date for an additional five years. This new credit facility provides us with additional financial flexibility and reflects our strong credit profile. It also illustrates the solid relationships with our commercial banks,” said Julie Albrecht, Sonoco Vice President and Chief Financial Officer.

O-I Glass, Inc. announced that its wholly owned subsidiary, Paddock Enterprises, LLC, has reached an agreement in principle for a consensual plan of reorganization under section 524(g) of the Bankruptcy Code. Paddock, the Official Committee of Asbestos Personal Injury Claimants, and the legal representative for the future asbestos personal injury claimants all agreed to accept the terms of a mediator’s proposal regarding a potential consensual plan of reorganization for Paddock. O-I Glass supports the agreement among Paddock, the ACC and the FCR that follows a successful court-approved mediation process conducted by Kenneth Feinberg and the Honorable Layn R. Phillips in connection with Paddock’s ongoing Chapter 11 case. “From the beginning of the Chapter 11 process, we have been committed to supporting a resolution of Paddock’s legacy asbestos liabilities in a manner that ensures claimants are treated fairly while providing finality and certainty for O-I Glass and Paddock. This agreement is a positive and significant step toward achieving those objectives. O-I Glass and Paddock look forward to working cooperatively with the ACC and FCR to implement the terms of the agreement. We believe this is the best path to not only equitably address Paddock’s legacy liabilities but also move expeditiously toward emergence,” said Andres Lopez, CEO of O-I Glass.

ND Paper is pleased to introduce a new offering of bleached and natural kraft bag paper products manufactured at our Rumford, Maine mill. Ideal for multi-wall bags, retail bags, and converting applications, these papers range from 40 lb. to 80 lb. (3,000 ft2 basis) and are produced from 100% virgin fiber, with options for post-consumer waste content. "Combined with our 100% recycled packaging grades from our recently rebuilt B25 machine in Biron, Wisconsin, ND Paper is now able to offer a wide range of options to converters and brand owners," says Matt Stapleton, Senior Vice President of Sales and Marketing. "Our kraft and recycled grades are designed to meet demanding print, converting, and sustainability requirements for a multitude of end use applications." All ND Paper packaging products are available with FSC, SFI, and PEFC chain of custody certification. These new offerings are yet another example of how ND Paper is investing to be sustainable now and for the next 100 years.