Catalyst (TSX: CYT) today announced the sale of approximately 250 hectares of surplus land in Powell River, British Columbia, for $4.5 million. The forested land is adjacent to the Powell River mill site. While the land was previously harvested by predecessor companies, it has never been the site of manufacturing activity. Catalyst had no plans to use this parcel of land.
Smurfit Kappa’s Cellulose du Pin Paper Mill in Facture, France is celebrating its 90th anniversary. The mill, which began operating in 1928, quickly established itself as a leading supplier of kraftliner in France and then extended its reach throughout Europe.
The Cellulose du Pin mill produces kraftliner from local maritime pine and recycled fibres and has a strategic location in the heart of the Aquitaine Forest beside a major transport route connecting Madrid, Bordeaux and Paris.
The plant produces 500,000 tonnes of kraft annually. Smurfit Kappa’s paper-based packaging is the packaging of choice for many brands which are seeking a more sustainable, high quality alternative to plastic and it is used widely in both the eCommerce and retail sectors. Kraft paper in particular is a very suitable material for the high-specification digital print used to make brands stand out on the shelf.
Commenting about reaching the milestone, CEO of Smurfit Kappa Cellulose du Pin, Nicolas Le Feuvre, said: “With 90 years of experience behind us, we look forward to the future with confidence. The ingredients for success are there; on one hand we have a group that strongly supports our development with ongoing investment and on the other hand we have the expertise of our talented employees working together to help us reach the highest European standards.”