Sugar pulp can be applied as a sustainable substitute for wood fibre to produce paper on an industrial scale. Crown Van Gelder recently signed a Letter of Intent with Cosun Beet Company for the joint development of innovative solutions for sustainable paper and packaging materials.
https://www.cvg.nl/en/news/sustainable-paper-and-packaging-sugar-beets
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Appleton Coated’s employees were left hanging Monday afternoon with no news on their mill's sale to Industrial Assets Corp., a used machine dealer and liquidator based in Los Angeles.
Last Monday, Outagamie County judge Gregory Gill asked lawyers to have the modified purchase agreement complete in five business days.
On the fifth day, which was Monday, the court closed at 4:30 p.m. with nothing filed.
Many questions linger about what's going to be in the final documents.
Will the mill still get a 45-day reprieve in which an estimated 195 workers will be called back to operate some of the paper machines?
Will Industrial Assets use that time to seek a new buyer who could potentially operate the mill going forward?
About 550 of the 620 employees were laid off on Sept. 19 and 20. Click Read More below for more of the story.
Total shipments of graphic papers in November 2022 were down 23.7% vs. November 2021 and were down 12.5% year-to-date. Total shipments of newsprint in November 2022 were down 18.8% vs. November 2021 and were down 8.7% year-to-date. Total shipments of sc-magazine in November 2022 were down 18.4% vs. November 2021 and were down 15.9% year-to-date. Total shipments of coated mechanical reels in November 2022 were down 29.2% vs. November 2021 and were down 20.9% year-to-date. Total shipments of uncoated mechanical (improved & others) in November 2022 were down 13.9% vs. November 2021 and were down 13.7% year-to-date. Total shipments of coated woodfree in November 2022 were down 36.0% vs. November 2021 and were down 8.0% year-to-date. Total shipments of uncoated woodfree in November 2022 were down 20.4% vs. November 2021 and were down 11.4% year-to-date.
Fortress Paper Ltd. reports that its wholly owned subsidiary, Fortress Security Papers AG ("FSP"), has entered into and completed a share purchase agreement with the Swiss National Bank ("SNB") and Orell Füssli Holding AG ("OF"), pursuant to which the Company sold the two legal entities representing their security paper products business comprised of all of the shares of its wholly owned subsidiaries, Landqart AG and Landqart Management and Services AG, to SNB and OF for an aggregate purchase price of CHF21,500,000 (approximately CDN$28 million). With the sale of Landqart, Fortress Paper no longer operates in the security paper products segment. Click Read More below for additional information.