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 Navigator Company announces that it will be increasing prices by 6 to 8 % in Europe. This measure will be effective with orders shipping March 26th, 2018. The paper industry cost drivers continue to show a steady rise. This fact results on the need to defend our profitability and therefore, the Navigator Company will be applying a price increase in Europe in all products and markets, ranging from 6% to 8% and from 26th March dispatches.
Global consumer brands are facing increasing pressure from governments and consumers to improve their sustainability. Reducing the footprint of packaging and labelling is one critical area where sustainability can be improved. Compensating for today’s unavoidable emissions, UPM Raflatac has announced that RAFNXT+ is the world’s first CarbonNeutral® certified label material. Sustainable packaging and carbon neutral labelling, clearly explaining both the packaging and the labelling’s sustainable components, are increasingly seen as an important step to encourage consumers to purchase more sustainable products. To help their many customers take positive climate action, in 2019, UPM Raflatac announced that RAFNXT+ was the world’s first label material verified by the Carbon Trust to reduce its carbon footprint and help mitigate climate change. Now, the company has taken a step further and has introduced its RAFNXT+, the world’s first CarbonNeutral® label material certified as a CarbonNeutral® product by Natural Capital Partners.
Norske Skog Saugbrugs, together with its research and industry partners, has been granted NOK 60 million in research funding from the Research Council of Norway and Innovation Norway under the Green Platform Programme. The portfolio of products to be developed aims to remove or greatly reduce the use of petroleum-based raw materials and harmful materials, as well as to contribute to increased recycling of plastics. «It is through research and innovation that we create tomorrow's sustainable society. Green platform is an important measure to ensure profitable green transition, and will help us become more skilled at scaling up and linking research to the market», says Jan Christian Vestre, Minister of Trade and Industry (Labour Party). CEO of Norske Skog, Sven Ombudstvedt, says: «Norske Skog will connect strong professional R&D environments to develop unique and sustainable nanocellulose and biocomposite products that the world will demand more of in the future. Our unique fibre expertise will be a valuable contribution in creating sustainable commercial value chains by utilising recycled and renewable raw materials».