Madison Paper Industries, a partnership of UPM and Northern SC Paper Corp., a subsidiary of The New York Times Company, concluded the sale of its hydro power facilities to Eagle Creek Renewable Energy, LLC, a hydroelectric power producer, based in Morristown, NJ, USA on 31 July 2017.
The transaction was announced by Madison Paper Industries in April 2017.
http://www.upmpaper.com/whats-new/all-news/Pages/Madison-Paper-Industries-concluded-the-sale-of-its-hydro-power-facilities-in-Nor-001-Tue-01-Aug-2017-08-33.aspx
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The American Forest & Paper Association announced its annual Better Practices, Better Planet 2020 Sustainability Award winners, which recognize exemplary sustainability programs and initiatives in the paper and wood products manufacturing industry and are awarded based on the merit of entries received across multiple categories. *Leadership in Sustainability – Energy Efficiency/Greenhouse Gas Reduction: Resolute Forest Products: Modernization of Coosa Pines (Alabama) Mill Helps Reduce Resolute’s Carbon Footprint *Leadership in Sustainability – Safety: Clearwater Paper: Aspects & Impacts Process to Identify and Reduce Serious Injuries and Fatalities (SIF) Risks *Leadership in Sustainability – Sustainable Forest Management: Evergreen Packaging: Family Forests – The Key to Certified Success *Leadership in Sustainability – Water: Sappi: Somerset Mill’s Caustic Reclaim & Reuse *Innovation in Sustainability (Large Company): WestRock: Pak On Demand™ Pouch System *Innovation in Sustainability (Small Company): Appvion: Innovative and Sustainable Direct Thermal Technology *Innovation in Sustainability (Small Company): The Price Companies: Restoration & Management of Marginal Agricultural and Timberlands
Norske Skog has worked closely with the insurance company, equipment suppliers, and other parties to determine the extent of damages following the rockslide on 27 April. The rockslide caused significant damage to buildings, cranes, machinery, and equipment associated with paper machine 6 (PM6). A settlement has now been reached between Norske Skog Saugbrugs and the insurance company regarding insurance coverage for both business interruption and property damage, estimated up to NOK 2.4 billion, which will jointly be covered by the insurance company, the Norwegian Natural Perils Pool, and reinsurers. "The rockslide on 27 April this year was a traumatic experience for Saugbrugs employees, Halden residents, and Norske Skog. Fortunately, no one was physically injured in the rockslide, but PM6 and its associated building structures sustained substantial damage. After significant efforts from mill employees and other stakeholders, we are pleased to have reached an agreement with our insurance company for both business interruption and property damage, estimated up to NOK 2.4 billion. We have had an excellent dialogue and been treated very fairly by our insurance company throughout the process," says Geir Drangsland, CEO of Norske Skog.
We would like to provide an update regarding today’s announcement by West Linn Paper Company that it is ceasing operations. It is with disappointment that we learned of West Linn Paper’s closure. The mill has a proud history of 128 years, including the past 20 years since it was restarted under the current ownership. We understand that operating as a non-integrated paper mill was ultimately impossible in today’s challenging marketplace, particularly given recent events resulting in a significant reduction of pulp availability. At Port Hawkesbury Paper, it will be business as usual. Click Read More below for additional information.