Cascades announced that its corrugated medium manufacturing plant in Niagara Falls, New York, will be permanently closed as part of the optimization of the company’s packaging production platform. Production will end no later than September 3, 2025.
Cascades to Permanently Close Its Corrugated Medium Plant in Niagara Falls, New York
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Stora Enso invests EUR 9 million in an automated CLT (cross-laminated timber) coating line at the Ybbs sawmill in Austria. The investment will further strengthen Stora Enso’s position as a leading global provider of engineered wood products for low carbon, sustainable buildings. In the construction industry, there is labor shortage and a pressure to shorten the construction time on-site. The investment enables industrially pre-applied CLT coatings on the CLT walls and floors produced at Stora Enso’s Ybbs site. The automated coating solution results in shorter construction times and higher wood protection. “With this new automation line, we can apply high-quality water-based coating to approximately 500,000m² of CLT walls and floors per year – making us the world leader in this segment. Our customers will benefit from improved protection of CLT against moisture, sunlight, insects and fire, as well as nicely coloured visual surfaces,” says Lars Völkel, EVP Wood Products division.
JANUARY–DECEMBER 2020 (1–12/2019) *Sales were EUR 5,055 million (5,473). *Operating result was EUR 376 million (374). The comparable operating result was EUR 368 million (495). *The result before taxes was EUR 330 million (316). The comparable result before taxes was EUR 322 million (436). *Comparable return on capital employed was 7.1% (9.6). *Net cash flow from operations was EUR 667 million (485). OCTOBER–DECEMBER 2020 (10–12/2019) *Sales were EUR 1,357 million (1,290). *Operating result was EUR 97 million (32). The comparable operating result was EUR 94 million (76). *The result before taxes was EUR 88 million (18). The comparable result before taxes was EUR 86 million (62). *Comparable return on capital employed was 7.4% (6.1). *Net cash flow from operations was EUR 306 million (232).
We are pleased to announce the acquisition of Dietzgen Corporation® in Tampa, Florida. Dietzgen Corporation® is a leading provider of converting and distribution services for digital print media including papers, films, and textiles to the US market. Dietzgen reliably provides their partners with nation-wide just in time delivery from an extensive inventory housed in six strategically located facilities. The privately held corporation has an extensive network of dealers selling their well-known media brands which include Dietzgen® – Reprographic, Magic® – Sign and Display, Museo® – Fine Art, and Validation® – Premium Proofing. The acquisition of Dietzgen is an important milestone in the strategic development of the Sihl company, especially in North America. We are excited about this transaction as it fuels our vision to become the leading high-end coated print media supplier in the US. The combination of Dietzgen´s superior converting, logistics and distribution capabilities with the innovative product offering and service level of Sihl will create an exceptional offering for our customers in terms of quality and service. We look forward to discussing with you how this transaction can possibly create advantages for you at your earliest convenience and further strengthen our continued partnership.