Canfor to Build New State-of-the-Art Mill in Houston, BC

Stora Enso invested EUR 80 million to centralise and modernise wood handling at Imatra Mills to enhance its production capabilities for premium packaging board. The investment will additionally reduce the consumption of process water and mitigate environmental impacts. The project, which started up in the first quarter of 2021, is now complete. The modernisation of Imatra Mills’ wood handling was completed on schedule. From now on, wood will be debarked and handled centrally on Kaukopää Mill’s new debarking line. The project included the installation of a third debarking line, improvements to chip handling systems, and modifications to the infrastructure of the existing wood yard. The centralised and modernised wood handling capacity will improve the stability and efficiency of the process.

Clearwater Paper Corporation announced that it temporarily suspended its pulp and paperboard operation in Cypress Bend, Arkansas. The cold weather has resulted in the curtailment of natural gas deliveries to the mill as natural gas providers prioritize residential needs. “We are focused on the health and safety of our employees, maintaining our assets, and working to meet customer needs during this unexpected outage,” said Arsen Kitch, president and chief executive officer. “We intend to resume operations as soon as we are safely able to do so.” The company will provide an update on the anticipated impacts of the outage during its fourth quarter and full year 2020 earnings announcement, scheduled for Thursday, February 25.

Mactac®, a LINTEC Company, announces it has entered into an agreement to purchase the assets of Spinnaker Coating, LLC, representing $130 million of specialty revenue at a price of $40 million. The acquisition is expected to close on Feb. 1, 2022, and consists of Spinnaker’s manufacturing facility and headquarters based in Troy, Ohio, and North American distribution centers located in Atlanta, Georgia; Chicago, Illinois; Los Angeles, California; and, Vails Gate, New York. Spinnaker will operate as a standalone subsidiary of Mactac. As part of LINTEC, Mactac is one of the largest, most diversified global pressure-sensitive adhesive (PSA) suppliers. Mactac’s acquisition of Spinnaker, which specializes in the customized production and distribution of pressure-sensitive roll label and sheet base materials in North America, creates a one-of-a-kind, world-class specialty labeling company.