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Showing 3 articles from January 27, 2023.

Leading Stories

Michigan legislature approves $200 million for Billerud paper mill
Michigan legislature approves $200 million for Billerud paper mill

The roughly $200 million in state tax dollars earmarked for the Escanaba Mill will supplement a $1.06 billion investment by Swedish parent company Billerud to expand paper product production at the mill. The project would help the mill retain nearly 1,200 jobs at the 2,000-acre site in Wells and Escanaba townships in Delta County.

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Norske Skog Skogn investing NOK 180 million
Norske Skog Skogn investing NOK 180 million

Norske Skog Skogn will invest around NOK 180 million, after NOK 40-50 million in grant funding from the NOx fund, in a new thermomechanical production line (TMP) that will replace expensive recycled paper with fresh fibre. The new TMP line will reduce variable costs, significantly reduce NOx and fossil CO2 emissions, and reduce landfilled waste. Start-up is expected in the first half of 2024.

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Stora Enso signs an agreement to divest its Hylte paper site and will discontinue the Anjala site divestment process
Stora Enso signs an agreement to divest its Hylte paper site and will discontinue the Anjala site divestment process

Stora Enso has signed an agreement to divest its paper production site in Hylte, Sweden and all its related assets to Sweden Timber, a Sweden-based sawmill and planing mill company. The enterprise value is approximately EUR 18 million. The completion of the transaction is expected in the first half of 2023. Concerning the Anjala paper site in Finland, Stora Enso has decided to discontinue the divestment process.

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