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
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With reference to the fire and subsequent explosion which occurred on a supplier truck delivering liquid oxygen to the Sappi Saiccor Mill in Umkomaas, KwaZulu-Natal, the following update can be provided. The mopping up and assessment operation has been completed. The damage is limited to the vaporisers (used to turn liquid oxygen into gas usable by the plant) and some peripheral equipment. Replacement equipment is on site and being installed. Work should be completed by Sunday 21 July with phased start-up then reliant on receiving the prerequisite Department of Labour approval. We would like to express our sincere gratitude to our suppliers and customers for their understanding during this short interruption. The impact of the event is not material within the quarter.
International Paper (IP) intends to stop newsprint production at the Madrid mill in Spain in mid-September, according to Euwid. The sites PM62 will be converted to production of containerboard slated to start in the fourth quarter of this year, as planned. The company is targeting a full ramp-up of the machine for early 2018.
IP acquired the Madrid mill from Holmen in mid-2016 with the aim to make it a mill for recycled corrugated case material. PM 62 has the capacity to produce 330,000 tpy of newsprint.
Stora Enso’s lignin, Lineo® by Stora Enso, replaces fossil-based glue in plywood. Polish plywood manufacturer Paged has started collaborating with Stora Enso to meet their customers’ demands for bio-based and more sustainable plywood. This partnership also allows Paged to cut product carbon emissions. Across markets, consumers are increasingly turning towards eco-friendly products and demanding change. At the same time, the business demand for renewable, bio-based and circular solutions is also growing rapidly. We want to do our part and replace fossil-based materials with safer and more natural alternatives. With Lineo®, Paged has the possibility to replace 40% of fossil-based glue with lignin, resulting in a more environmentally friendly end-product. The ultimate goal for Paged is to be able to achieve several thousand tons of reduction in carbon emissions.