Brazil’s Suzano Papel e Celulose SA (SUZB3.SA) will pay Fibria Celulose SA’s (FIBR3.SA) shareholders 52.50 reais ($15.92) per share in a merger that will create the world’s largest pulp maker, the companies said in statements on Friday.
Additionally, Fibria’s shareholders will receive 0.4611 shares of Suzano for every share they hold in Fibria.
https://www.reuters.com/article/us-fibria-m-a-suzano-papel/brazils-suzano-will-pay-52-50-reais-per-share-of-fibria-in-merger-statement-idUSKCN1GS1JH
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Paper Excellence in Port Alberni has been awarded a pair of CleanBC Industry Fund grants totalling $145,000 for feasibility studies examining two sustainable business projects. The first grant, for $51,000, will help Port Alberni’s Catalyst Paper division look at offloading and delivery options for its biofuel. This would include improving efficiency in offloading of hogfuel at the plant as well as ways to increase biofuel steam production to reduce natural gas consumption in its No. 4 power boiler and auxiliary boilers. The second grant, for approximately $94,000, will help Catalyst Paper investigate the feasibility of power boiler stack heat recovery. This project would ideally see the paper plant install a heat-recovery system in the power boiler exhaust. Recovered heat would in turn offset the heat generated from fuel combustion.
Domtar Corporation announced the successful acquisition of Iconex Paper from Atlas Holdings. Iconex Paper converts thermal paper parent rolls into point-of-sale (POS) receipt rolls, serving customers in industries such as food service, retail, pharmacy and financial services from its five North American locations in Arizona, Kansas, Tennessee, Virginia and Mexico. "Receipt products used by consumers every day — such as ATM, gas pump, food service and retail receipts — begin with thermal paper manufactured at Domtar's West Carrollton, Ohio, facility," says Steve Henry, Domtar's president of Paper and Packaging. "With this acquisition, we're well positioned to ensure customers experience the operational and supply chain excellence that comes from a fully integrated North American receipt paper business." "This strategic acquisition demonstrates our commitment as an advocate for paper-based products and the paper industry's long-term sustainability," Henry said. "We are delighted to welcome Iconex Paper to the Domtar family, and we look forward to jointly strengthening the point-of-sale paper business."
As of September 1, 2017, Appleton Coated Green Power will no longer carry Green-e certification.
Our relationship with Green-e ended on August 31, 2017. Although products in the warehouse still have the Green-e logo imprinted on the labels, these items are no longer sold with this certification.
All Appleton Coated products that carry the Appleton Coated Green Power designation in inventory now and moving forward will continue to have 100% of the electricity used to manufacture these products matched with renewable energy credits (RECS), which is primarily wind.