Further to Canfor Corporation’s (TSX:CFP) announcement on June 17, 2020, its 70%- owned subsidiary, Vida Group, has today completed the purchase of three sawmills located in Sweden from Bergs Timber.
https://www.canfor.com/docs/default-source/news-2020/canfor-subsidiary-closes-bergs-acquisition.pdf?sfvrsn=330fee91_2
Related Posts
HIGHLIGHTS• Pulp sales of 2,401 thousand tons (-2% vs. 1Q23).• Paper sales1 of 313 thousand tons (12% vs. 1Q23).• Average net pulp price in export market: US$624/ton (-13% vs. 1Q23).• Average net paper price1 of R$6,713/ton (-9% vs. 1Q23). • Pulp cash cost ex-downtime of R$812/ton (-13% vs. 1Q23). • Leverage of 3.5 times in USD and 3.6 times in BRL. • Cerrado Project completes 94% of physical progress and 87% of financial progress up to April 2024.
International Paper Company confirmed that the company will not make an offer for Smurfit Kappa Group plc, given the lack of engagement by Smurfit Kappa's Board of Directors and Management. In February 2018, International Paper provided representatives of Smurfit Kappa's Board of Directors with a proposal to acquire the company. Following discussions with shareholders of both companies, IP put forward a revised proposal on March 26, 2018. IP believes the revised proposal was highly attractive and formed a sound basis for engagement, which the company viewed as essential to determining the full value potential of the combination. Click Read More below for additional information.
Ten UPM Raflatac adhesives for logistics and e-commerce paper labels have been certified as recyclable in the paper and board-based packaging stream by the applied research and services institute Papiertechnische Stiftung (PTS) in 2023. These adhesives are intended for large volume solutions, providing customers with the added benefit of recycling-compatible, verified labeling solutions without requiring any product changes. To evaluate the recyclability, PTS has tested ten UPM Raflatac's paper labels containing the referred adhesives. The labels were tested as part of the packaging material at a mass share of 10%, following the PTS-RH 021:2012 Category II methodology for evaluating the recyclability of paper and board-based packaging. Due to the obtained results of fibre yield, sheet adhesion, and optical impurities, ten of the UPM Raflatac adhesives applied on the paper labels received verification.