Each International Paper shareholder will receive one (1) share of Sylvamo common stock for every eleven (11) shares of International Paper common stock held on the record date. Following the distribution, International Paper will own approximately 19.9% of the outstanding shares of Sylvamo common stock.
Metsä Group is now inviting applications for its apprenticeship training programme that will begin in January 2022. Approximately 50 new jobs will be offered in its production units around Finland.
The Nature Conservancy (TNC) and the BTG Pactual Timberland Investment Group (TIG), one of the world's largest timberland investment managers, are joining forces to leverage the potential of sustainably managed forests across the United States to address the twin crises of biodiversity loss and climate change.
Ahlstrom-Munksjö announced it plans to temporarily idle No. 8 paper machine in December 2021 at its Rhinelander mill. It will also idle its No. 20 supercalender and No. 21 rewinder in July 2022.
The Carlyle Group has consulted banks about either selling or taking Novolex public in a deal that would value the South Carolina-based packaging company at around $6 billion, news outlets reported this week.
Roger Stone, who built his family's paper firm into a $6 billion industry leader through leveraged acquisitions that ultimately forced its sale, died Sept. 12 at his Lake Forest home, according to his daughter, Karen Stone Kaplan. He was 86 and had been in failing health.
Södra is now launching its complete offering for the assembly of cross-laminated timber (CLT) framing in Denmark. This is due to the high interest in Södra's products, and it represents the first step towards an establishment of the building systems in Europe. Kenny Holm will be Marketing Manager for the business in Denmark.
