Cascades is proud to announce the launch of a new closed basket made of recycled and recyclable corrugated cardboard for the produce sector. An alternative to food packaging that is difficult to recycle, this new product is the latest addition to Cascades' line of eco-friendly packaging.
Employees at International Paper's Prattville and Riverdale (Selma), Ala. Containerboard Mills were hit hard, and are now working to support one another as they rebuild their community.
Rayonier Advanced Materials Inc. announced that its wholly owned subsidiary, Rayonier A.M. Products Inc., has decided not to pursue at this time its opportunistic private offering of $325 million aggregate principal amount of senior secured notes due 2028 (the "Notes") as current terms and conditions were not sufficiently attractive for the Company.
3M, maker of Post-it notes, industrial coatings and ceramics, is cutting about 2,500 manufacturing jobs worldwide as it looks to align itself with adjusted production volumes.
Our Building Materials Distribution (BMD) division announced the planned addition of our 10th door shop. Located in Kansas City, this new 150,000 sq. ft. millwork facility is expected to begin production in June 2023.
International Paper Company announced that it entered into an agreement to sell its 50% interest in Ilim SA to its joint venture partners for $484M. The company noted that the sale is subject to regulatory approvals in Russia.
Multi-Color Corp. said it will close its Menomonee Falls plant and terminate the 29 employees at the facility. An exact date for the closing hasn't been determined but Multi-Color expects it to happen in April, according to a letter the company sent to the Wisconsin Department of Workforce Development.
West Fraser has to pay a new duty rate of 9.38 percent compared to its current tariff of 8.25 per cent. Canfor will see growth for Canadian softwood sold in the United States to 7.29 percent, compared to the current 5.87 percent.
