In a remarkable turnaround story, Georgia-Pacific’s Monticello linerboard mill exceeded 1 million tons of production in 2024—an achievement shared by only a handful of facilities across North America.
Monticello Mill Hits 1M Tons After Bottom-Up Culture Shift
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Norske Skog has entered into agreement with Boyer Capital Pty Ltd, to sell the Boyer mill at an enterprise value of approximately NOK 190 million. The transaction is expected to be completed during the first quarter of 2025.
“We are very pleased to conclude our orderly exit from Australasia with the divestment of the Boyer mill. The discussions with David Marriner and Boyer Capital have been ongoing for some time and we believe they represent the ideal owner to both continue the production of publication paper and develop the industrial site for future activities. Norske Skog will now focus fully on the successful ramp-up of containerboard production at the Golbey mill and completing the BCTMP study at the Saugbrugs mill”, said Geir Drangsland, CEO of Norske Skog.
Meadow Lake Tribal Council (MLTC) joined Paper Excellence today in calling on CN to provide more rail cars for Meadow Lake Mechanical Pulp Inc. The pulp mill is dependent on CN, which has failed to adequately transport Meadow Lake mill’s product to ports for months. Paper Excellence leadership announced a further production slowdown due to the lack of rail service on February 11th. The mill has not operated at full capacity since December. Currently, CN continues to provide less than 40% of requested rail cars and now the mill has had to resort to participating in a CN auction process that drives up prices for the few cars that are available.
Metsä Group, which Metsä Board is part of, has today published an updated Green Finance Framework. Metsä Group’s previous Green Finance Framework is from 2019. The Framework enables the continued issuance of green debt instruments in line with the latest market practices and further integrates Metsä Group's 2030 strategic sustainability targets into financing. Metsä Board's financing can be arranged under the Green Finance Framework. The Framework supports financing or refinancing of environmentally sustainable investments that contribute to Metsä Board's key environmental targets in minimizing impact on climate and nature. Metsä Group’s Green Finance Framework has received an updated independent second party opinion from Sustainalytics, verifying the alignment with Green Loan Principles 2023 and Green Bond Principles 2023 and considering the eligible green assets and expenditures as credible and impactful.