Rich is based in Illinois and has worked for Resolute Forest Products, Progressive Converting, Pactiv Evergreen, and Liberty Packaging representing coated, uncoated, packaging, and specialty papers.
Given the market conditions and macro-environment, the first quarter result is in line with expectations. The result reflects the weak trend in construction activity and decreased supply in the raw material market.
The enhancement will increase the mill's folding boxboard output by approximately 10,000 tonnes annually, raising its total capacity to around 310,000 tonnes.
Suzano Ventures, the corporate venture capital arm of Suzano, the world's largest market pulp producer, is funding up to US$5 million for Canadian startup, Bioform Technologies.
