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The start-up is scheduled for the beginning of 2024.

The transaction is expected to close in the second quarter of 2022.

The purchase price for the acquisition is $1.35 billion in cash, subject to customary adjustments, including for working capital, cash and indebtedness.

With the acquisition, Nordic Paper strengthens its presence in North America, the largest greaseproof paper market in the world. The preliminary purchase price for Glassine Canada Inc. on a cash and debt free basis is between CAD 81m and 92m (SEK 574-652m).

Urlick succeeds Joanne Shufelt, who will be retiring from the company in 2022./p>

Canfor Corporation is announcing that it has entered into an agreement with Millar Western Forest Products Ltd. to acquire the company's solid wood operations and associated tenure for $420 million, including $56 million in working capital.

Georgia-Pacific Corp. announced that will add a new paper machine, converting equipment and 150 new jobs at the mill.

KP Tissue Inc. and Kruger Products L.P. announced KPLP's plan to add to the capacity of its Sherbrooke expansion project by constructing a double width Light Dry Crepe (LDC) tissue machine with a capacity of at least 60,000 MT instead of the previously announced 30,000 MT LDC tissue machine.

When Anthony Pratt came across the world to Henderson to break ground Thursday for the big Pratt Paper recycling mill and box plant it will build here, he brought some million-dollar surprises.

As part of this sustainability partnership, Glatfelter and ALPLA are joining together to initially develop high-quality cellulose-based products, like screw caps, that are fully biobased and potentially ocean biodegradable. This unique collaboration will support BOC in its product development and shorten time to market even further.

The LP Foundation's philanthropic focus aligns closely with LP's vision, values and purpose of Building a Better World™. Donations are directed at nonprofits and public schools within the following categories: housing; environment; K-12 public education; and diversity, equity and inclusion.

Canfor Corporation is issuing an open letter from Don Kayne, President and CEO, calling for an approach to the management of British Columbia's old growth forests that is based on the facts of sound science and Indigenous traditional knowledge and a collaborative process that includes broad representation.

The start-up is scheduled for the end of 2022.

Minerals Technologies Inc. announced that it has entered into two separate long-term agreements.

I recently read an article in the Wall Street Journal which was discussing the write down coming in some energy assets, such as coal reserves, as the economy switches to "greener" energy sources. Like it or not, agree with it or not, there seems to be a move afoot to completely change our acceptable energy sources. You can interpret this as follows: energy is going to get more expensive, a lot more expensive, in this new world.

Resolute Forest Products Inc. announced the indefinite idling of pulp and paper operations at its Calhoun (Tennessee) mill. Tissue manufacturing and converting will continue at the site and the adjacent distribution center will remain in full operation. The company anticipates that the decision will directly affect 350 hourly and salaried positions at the Calhoun mill.

Warehouse workers at Veritiv, represented by Teamsters 117, have voted unanimously to authorize a strike. The strike authorization vote was taken by employees at the packaging giant's facility in Kent, WA and comes after three months of unsuccessful contract negotiations and a number of COVID-related health and safety concerns raised by workers.

The WorldStar awards are the most prestigious global packaging awards, recognising the best of the best in packaging innovations from across the world.

UPM is investing EUR 10 million in the development of UPM Plywood's plywood mill in Joensuu.

Pratt last summer said it will first construct a state-of-the-art, 450,000-square-foot paper mill that will manufacture 100% recycled products and will employ approximately 120 people. At the time, the company said construction of the mill would begin in March 2022 and be completed by fall 2023.

International Paper will build a state-of-the-art corrugated packaging plant in Atglen, Pennsylvania. The facility will employ approximately 150 team members.

HelloFresh, the world's leading meal kit company, and its community partners in Georgia, Second Helpings of Atlanta and Pratt Industries, celebrated the donation of one million pounds of food from its Newnan, Georgia, Distribution Center, to benefit at-risk communities.

R.R. Donnelley & Sons Company (RRD) Tuesday said it has agreed to be acquired by affiliates of Chatham Asset Management, LLC, a private investment firm, in an all-cash transaction with a total enterprise value of around $2.3 billion and total equity value of about $897 million. The company said it has terminated its previously announced merger deal with affiliates of Atlas Holdings LLC.

The start-up of PM 1 is scheduled for the fourth quarter of 2023.