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Mondi has announced the termination of a $1.17 billion deal to sell its largest plant in Russia. The plant, JSC Mondi Syktyvkar, located in the Komi Republic, was intended to be sold to an investment vehicle owned by Russian billionaire Viktor Kharitonin. The decision to scrap the deal was made due to a "lack of progress" in obtaining the necessary approvals from Russian authorities, according to Lesprom Network.   

Summit Paper Tube, Inc., a paper tube manufacturer, announced plans to establish its first South Carolina operations in Williamsburg County. The company’s $1.68 million investment will create 19 new jobs. Summit Paper Tube’s Williamsburg County operations will be the company’s first South Carolina location. Summit Paper Tube will lease a facility which will be used for converting paper into paper tubes that will be distributed to textile, metals, label and paper industries.

Selling lumber could become less profitable than growing trees in New Zealand 23:15 / July 21, 2021 Photo: Kaingaroa forest with high pine trees, the largest plantation in the southern hemisphere, New Zealand / Depositphotos, MisaMazurkova Price for a New Zealand unit (NZU, is equivalent to 1 ton of CO2) reached a record $47. But according to Dennis Neilsen, the head of DANA NZ Limited, the price of NZU could soar to $140 within three years. This will inexorably lead to an increase in the price of forestlands. At this height, it will be much more profitable to grow forests than to make lum...

Georgia-Pacific LLC has reached an agreement to sell their nonwovens business to Glatfelter, a leading global supplier of engineered materials, headquartered in Charlotte, North Carolina, USA. The transaction is subject to customary closing conditions, including regulatory clearances from competition authorities. The price is $175 million. The proposed transaction includes Georgia-Pacific's nonwovens operations located in Mt. Holly, North Carolina, along with a research center operation in Memphis, Tennessee. The nonwovens operations in Mt. Holly produces airlaid nonwoven material for commerc...

The Navigator Company will increase paper prices in Europe from 6% to 9%, effective May, 10. This decision was taken following not only further worldwide cost increases in pulp, chemicals and logistics, with structural effects in the profitability of the industry in Europe and across the globe, but also a robust demand for Navigator’s products and brands during late 2020 and the first months of 2021. The Navigator Company is the leading European manufacturer of uncoated printing and writing paper and bleached eucalyptus pulp. Source: Lesprom Network