In the midst of widespread funding shortfalls for most rural Alabama hospitals, Georgia-Pacific operations in Escambia and Monroe counties are helping hospitals there with a much-needed funding boost.
Georgia-Pacific’s Brewton Containerboard and Alabama River Cellulose facilities donated a total of $500,000 to three rural hospitals in Alabama. The funding will help local hospitals provide critical health services to the community.
Three Rural Alabama Hospitals Benefit from $500K Georgia-Pacific Donation | Georgia-Pacific News
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Effective June 1st, HP is increasing the list prices on select large format supplies (some SKUs will not change – including PageWide XL and HP T3500 DesignJet eMFP ink SKUs). Actual price increases will vary by SKU, between 3% and 15%. As part of HP’s normal portfolio management process, the company regularly reviews pricing for all its products and adjusts accordingly.
UPM Raflatac and the Paper Workers' Union have reached an outcome in the collective labour agreement negotiations concerning UPM Raflatac’s Tampere factory in Finland. "The negotiations were conducted in a very good spirit and constructively from start to finish. I would like to thank the Paper Workers’ Union for its solution-oriented approach and for the good negotiations. The solution will enable the long-term development of the Tampere factory," says Antti Waajakoski, General Manager of UPM Raflatac’s Tampere factory. The new collective agreement will have a two-year contract period and it will enter into force upon approval by the Paper Workers’ Union’s Board. The union has announced that the Board will discuss the negotiation outcome at its meeting on 5 June 2024. Negotiations on the collective labour agreement for UPM Specialty Papers will continue.
Greif, Inc. a global leader in industrial packaging products and services, announced today that it has entered into a definitive agreement with Molpus Woodlands Group, on behalf of clients, to sell its Soterra land management business for $462 million.
This transaction, which includes over 173,000 acres of timberlands across the Southeastern United States, follows Greif’s previously announced intent to divest the business as part of its strategic portfolio optimization. The deal is expected to close shortly before or after the Company’s fiscal year end, subject to customary closing conditions.
“The sale of the Soterra timberlands aligns with our strategy to focus our portfolio on opportunities where Greif can be an industry leader,” said Ole Rosgaard, President and Chief Executive Officer of Greif. “This transaction enhances our ability to invest in higher-margin, less cyclical markets, and positions Greif for further long-term success and value creation.”
“These timberlands seamlessly complement our existing portfolio, offering diverse, highly productive assets strategically located near robust timber markets with strong, competitive pricing,” said Terrell Winstead, President and CEO of Molpus. “With our long history of creating value for similar properties in these areas, we believe this opportunity fits well within our long-term investment strategy and sustainable forest management approach.”
Cash proceeds from the sale will be allocated to debt repayment.