After 16 years of pulp production, the 10 millionth tonne of pulp rolled off the production line at the Arneburg Mercer Stendal pulp mill on October 14, 2020. It is an expression of 18 years of successful work at the Arneburg site and marks a remarkable milestone in the development of the company. After the short 2-year construction phase of the Mercer Stendal mill, which went according to plan, the first pulp rolled off the production line in July 2004. In the following years, the company succeeded in establishing itself successfully in the market. With products of high quality and high reliability, Mercer Stendal has succeeded in developing stable customer relationships in Europe and Asia. In some areas, the Arneburg mill has set new standards in global pulp production. With the operation of the largest biomass power plant in Germany with high energy and plant efficiency, the plant is also symbolic of the energy turnaround.

Greif completed the divestiture of its containerboard business to Packaging Corporation of America for $1.8 billion in cash, the companies announced after markets closed Tuesday afternoon. The transaction itself closed on Sunday, according to a securities filing. “The closing of this sale marks an important step forward for Greif,” Greif President and CEO Ole Rosgaard said in a statement. “This transaction unlocks immediate value for our shareholders and allows Greif to deliver stronger and more consistent earnings power, enhances our capital efficiency, and accelerates debt reduction.” The company plans to use proceeds from the sale to pay down approximately $1.4 billion in debt, according to another securities filing.

Please be advised that, effective with shipments October 1, 2017, the US transaction pricing from Catalyst Paper will increase $1.75/cwt ($35/short ton) for the following products: Electrabrite; Electrabrite Book; Electrastar. This increase applies to all basis weights, finishes and brightness.