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Recovered Paper: Walmart OCC expected to meet China quality rule; mixed landfilled in Seattle

OAKLAND, CA, March 30, 2018 (PPI Pulp & Paper Week) –America Chung Nam’s winning bid for Walmart OCC means the US’s largest recovered paper exporter will buy Walmart OCC from states with the three largest ...

Domtar, IP, Resolute slate Apr. 1 increases on NBSK, SBSK, fluff as BSK spot surges $20-25 on low supply

OAKLAND, CA, March 30, 2018 (PPI Pulp & Paper Week) –Three major North American bleached softwood kraft (BSK) market pulp producers announced a fresh round of price increases, effective Apr. 1, adding southern bleached softwood ...

Conference: WestRock CEO to keynote FBA Annual Meeting Apr. 30-May 2

OAKLAND, CA, March 30, 2018 (PPI Pulp & Paper Week) –The Fibre Box Association(FBA) saidWestRockCEO Steve Voorhees, who is also the chair of thePaper and Packaging Board, will be keynote speaker for the 2018 FBA ...

Supplier news: AkzoNobel sells specialty chemicals unit to Carlyle Group and GIC

OAKLAND, CA, March 30, 2018 (PPI Pulp & Paper Week) –AkzoNobelsold its Specialty Chemicals business to The Carlyle Group and GIC for Euro 10.1 billion. This transaction creates two businesses: Paints and Coatings, and Specialty ...

News briefs: AF&PA welcomes carbon-neutrality policy

OAKLAND, CA, March 30, 2018 (PPI Pulp & Paper Week) –TheUS Congressreaffirmed that federal regulatory policy should reflect the carbon-neutrality of forest-based renewable biomass, as part of the fiscal year 2018 Omnibus Appropriations bill that ...

Earnings: Canadian industry’s 4Q performance lifted by pulp, packaging, lumber

OAKLAND, CA, March 30, 2018 (PPI Pulp & Paper Week) –Higher returns in Canadian dollars and increased product pricing combined to boost fourth-quarter performance by Canada’s pulp, paper, and forest products industry from levels in ...

Packaging: Sonoco to make second M&A in a year into the produce packaging market

OAKLAND, CA, March 30, 2018 (PPI Pulp & Paper Week) –Sonoco signed a definitive agreement to acquire Highland Packaging Solutions for about $150 million in a deal expected to close in the second quarter. Highland ...

M&A: IP offer turned away, may pursue 3rd bid for Smurfit Kappa Group

OAKLAND, CA, March 30, 2018 (PPI Pulp & Paper Week) –Smurfit Kappa Group (SKG) on Mar. 26 rejected a sweetened takeover proposal from International Paper (IP) to create the largest global containerboard company with 19 ...

Specialties: More price increases as mills strive to adjust to relentlessly rising costs

OAKLAND, CA, March 30, 2018 (PPI Pulp & Paper Week) –Against a background of relentlessly rising input costs, and an ongoing shortage of dyes commonly used in the production of thermal and carbonless papers, upcoming ...

Corporate Strategy: WestRock reportedly beat two other bidders in deal for acquiring Kapstone

OAKLAND, CA, March 30, 2018 (PPI Pulp & Paper Week) –Three companies first approached KapStone about a possible acquisition from the beginning of 2016 and all three submitted offers in December 2017-January 2018, according to ...