Solenis to Implement Energy Surcharge for all Product Lines in EMEA

As one of the global leaders in electrotechnical paper manufacturing for insulation of high voltage cables and transformers, Ahlstrom-Munksjö plans to increase pulp production capacity and improve environmental performance of the Billingfors pulp line, Sweden. The investment involves rebuilding the recovery boiler and debottlenecking the pulp line. When completed in the third quarter 2019 the plant will meet stricter environmental regulations thanks to improved process combustion, reducing air emissions. Ahlstrom-Munksjö has also decided to modernize the bailing line at Aspa pulp plant, Sweden. The investment of EUR 4 million will improve safety level at the bailing line, improve production efficiency and give access to a more favorable customer mix. The new line is estimated to start during the first half of 2019. During the modernization production will continue normally. Click Read More below for additional information.

Twin Rivers Paper Company has announced the promotion of Tyler Rajeski to President and Chief Financial Officer. In the new role, Rajeski will oversee all functions of the business, including finance, procurement, operations, customer supply chain, sales and human resources. Rajeski continues to report to the Chief Executive Officer of Twin Rivers Paper, Debabrata ‘Deba’ Mukherjee. “Tyler has done a spectacular job leading several significant initiatives for Twin Rivers Paper, including a major refinancing of the business that has provided Twin Rivers with a strong working capital position, and the recent sale of the company’s Plaster Rock softwood lumber operation that benefits Twin with a long-term supply agreement,” stated Mukherjee. “Tyler’s impressive accomplishments in a relatively short timeframe have created strategic value for the business that will help ensure its long-term success.”

Verso Corporation announced that it has entered into a definitive merger agreement under which BillerudKorsnäs AB will acquire all of the outstanding shares of Verso for a purchase price of $27 per share in cash, or approximately $825 million1. Verso's Board of Directors, acting upon the recommendation of a special committee of Verso's Board, has unanimously approved and resolved to recommend approval of the merger by Verso's shareholders. The transaction is expected to close in the second quarter of 2022. The acquisition of Verso is fully in line with BillerudKorsnäs' strategy to drive profitable growth in paperboard, and the ambition to expand into North America. BillerudKorsnäs aims to build one of the most cost-efficient and sustainable paperboard platforms in North America by converting several of Verso's assets into paperboard machines while maintaining Verso's position as a quality and cost leader in specialty and coated freesheet paper.