RISI Reports Price Increases by Lecta, Burgo

International technology group ANDRITZ has successfully started up a chemi-thermomechanical pulping system delivered to Sun Paper for its mill in the city of Beihai, Guangxi, China. The proven ANDRITZ P-RC APMP (Pre-Conditioning Refiner Chemical Alkaline Peroxide Mechanical Pulp) line features a capacity of 600 admt/d and processes eucalyptus wood chips as raw material to produce high-quality pulp for the production of printing and writing paper. It is now the sixth P-RC APMP line to be delivered to the Sun Paper Group by ANDRITZ.

Stora Enso has completed the divestment of its Nymölla paper production site in Sweden, and all related assets to Sylvamo, a US-based global producer of uncoated paper. The divestment announced on 15 September 2022 was closed today after regulatory approvals. The enterprise value of the transaction is approximately EUR 150 million. The Nymölla site’s capacity is 485,000 metric tonnes of woodfree uncoated office papers, with Multicopy as the leading paper brand. Based on the 2021 figures, the divestment is expected to reduce Stora Enso’s annual sales by approximately EUR 290 million. Subject to closing date adjustments, Stora Enso will book a one-time disposal loss of approximately EUR 25 million (including currency translation adjustments) in its IFRS operating profit in the first quarter of 2023, as an item affecting comparability.

Sole Source Capital LLC announced that it has acquired I.D. Images (“IDI”), a premier provider of product identification solutions. Terms of the transaction were not disclosed. Established in 1995, IDI is a manufacturer of high-quality durable and graphic intensive labels that address a broad range of product identification needs for a variety of end markets and customers. The company offers custom and stock labels to distributors, value-added resellers, and label converters and printers. Headquartered in Brunswick, OH, the company has eight manufacturing and distribution locations across the United States.