Lecta’s Condat Mill will file for Court Protection to support the search for a potential buyer.

Continuing to be at the forefront of sustainable product offerings, Expera Specialty Solutions announced its launch of a broad line of SOAR Sustainable Food Packaging and Processing Papers. These papers have the ability to achieve multiple sustainability goals in a single product. New to Expera's SOAR product portfolio is Wax Alternative papers. "Our Wax Alternative papers are manufactured without the addition of paraffin or other petroleum-based materials, creating a more sustainable alternative to the traditionally used quick service restaurant packaging," explained Robyn Buss, Vice President Sales & Marketing for Expera Specialty Solutions. "These products maintain a high-level of performance and are stronger on a pound-for-pound basis, allowing for improved yield and decreased transportation costs." Click Read More below for additional information.

Verso Corporation announced that its board of directors, as part of its ongoing efforts to maximize stockholder value, has formed a Strategic Alternatives Committee comprised of independent directors Eugene I. Davis, Alan J. Carr and Steven D. Scheiwe, with Mr. Davis serving as chairperson. The committee, with the assistance of Houlihan Lokey Capital, Inc., the company's financial advisor, will lead Verso's continuing efforts to identify and evaluate a range of potential strategic transaction alternatives, including the possible sale of some Verso mills, engage in discussions and oversee the due diligence process with parties potentially interested in transactions with the company, and recommend to the board whether any proposed transaction is in the best interests of the company and its stockholders. "Verso is committed to exploring strategic transaction alternatives, and the committee will facilitate this process," said Verso Chairman of the Board Rob Amen. "The committee is charged with proceeding expeditiously, but will evaluate alternatives carefully for their ability to provide superior value to Verso's stockholders." Click Read More below for additional detail.

The world’s first autonomously operated logyard cranes have been successfully lifted up at Metsä Fibre’s bioproduct mill in Kemi, Finland. Supplied by international technology group ANDRITZ, the delivery includes two 2 x 25-ton cranes on a 540 m long runway with a storage capacity of approximately 120,000 m3. The cranes will handle approximately 7.6 million m3 wood/year shipped on trucks and trains as well as handling log storage and wood feeding to the pulping process. The cranes feature the latest in Artificial Intelligence, thus optimizing log handling, minimizing wood losses and securing environmentally friendly and cost-effective operation when compared to traditional log-handling solutions. The fully autonomous logyard cranes featuring Artificial Intelligence are part of the comprehensive ANDRITZ portfolio of sustainable solutions and products that help customers reaching their goals with regard to environmental protection and sustainability