Savage was named president and chief executive officer of Trinity Industries in February 2020 after having served on the company's board of directors since 2018.
Norske Skog has entered into agreement with Talley's Group, a New Zealand based dairy, fishing, produce and food company, to sell the Nature's Flame pellets company for a consideration of approximately NZD 47.8 million (approximately NOK 280 million). The transaction is expected to close during the first quarter of 2022.
Smurfit Kappa has made a simple but far-reaching change to its Vitop® taps. The taps used on its Bag-in-Box products are now free from carbon black pigment, making them much easier to recycle.
The purchase price amounts to USD 40m (approximately SEK 370m) with a potential additional earnout amount of USD 10m (approximately SEK 90m) on a cash and debt-free basis.
The aim of the rebuild was to improve the basis weight profiles and formation of the PM1 packaging paper machine, which has a production speed of 305 to 570 m/min and a width of 2.9 m at the pope reel.
