Ahlstrom-Munksjö Rhinelander plant announces temporary machine idle

Stora Enso is introducing its new eco-friendly take-away bowls for food service packaging, PureFiber™ by Stora Enso. The products are free from plastic and PFAS and are designed to help customers replace plastic on-the-go food packaging. The bowls are being brought to market together with the wholesale company Tingstad. The PureFiber™ product range will expand to other food and consumer goods applications. Stora Enso’s formed fiber products are designed for circularity, meaning that they are renewable, recyclable and biodegradable. The PureFiber™ product line enables a carbon footprint that is approximately 75% lower compared to alternative product materials such as plastic or bagasse. The unique formed fiber technology allows the products to be produced without plastic and PFAS, bringing a sustainable alternative with strong user-qualities to the market.

Stora Enso has completed the co-determination negotiations concerning the closing down the pulp and paper production at its Kvarnsveden site in Sweden. The closure will take place by the end of the third quarter of 2021. In April 2021, Stora Enso announced a plan to permanently close down pulp and paper production at its Kvarnsveden site due to the declining paper market. As a result of the co-determination negotiations regarding the Kvarnsveden site, pulp and paper production will be closed permanently by the end of the third quarter of 2021.The customer service centre located at Kvarnsveden will be closed down by the end of 2021. Power plant will continue to operate, however only for the purpose of district heating and for maintaining buildings onsite. When the co-determination plan was announced in April, the maximum personnel impact was estimated to be 440 people. Following the closure decision, co-determination negotiations regarding personnel impact and the related redundancies will begin shortly. No lay-offs will be executed before these negotiations have been concluded.

Pactiv Evergreen Inc. announced it has completed its previously announced sale of the Pine Bluff, Arkansas, paper mill and Waynesville, North Carolina, extrusion facility to Suzano S.A. “The closing of this transaction marks an important milestone as we focus on our core North American converting operations,” said Michael King, President and Chief Executive Officer of Pactiv Evergreen. “I want to thank the employees at Pine Bluff and Waynesville for their years of dedication and commitment to Pactiv Evergreen and to our customers. In addition to facilitating our transition to a capital light business model, we expect the transaction to improve our profitability and cash flows and strengthen our balance sheet.” The sale proceeds are $110 million,1 subject to customary adjustments for closing amounts such as working capital.