KaMin LLC Announces Price Increase for Paper and Packaging Grade Kaolin Clays

Verso Corporation announced that it has entered into a definitive merger agreement under which BillerudKorsnäs AB will acquire all of the outstanding shares of Verso for a purchase price of $27 per share in cash, or approximately $825 million1. Verso's Board of Directors, acting upon the recommendation of a special committee of Verso's Board, has unanimously approved and resolved to recommend approval of the merger by Verso's shareholders. The transaction is expected to close in the second quarter of 2022. The acquisition of Verso is fully in line with BillerudKorsnäs' strategy to drive profitable growth in paperboard, and the ambition to expand into North America. BillerudKorsnäs aims to build one of the most cost-efficient and sustainable paperboard platforms in North America by converting several of Verso's assets into paperboard machines while maintaining Verso's position as a quality and cost leader in specialty and coated freesheet paper.

The ISO 9001 certificate is the world's most recognized international certification standard for a quality management system. It provides guidance for companies that aim to ensure products and services consistently meet quality requirements. As an ISO 9001:2015 certified site, Mactac Minneapolis has a systematic quality management system in place and is committed to cost and waste reduction, continuous improvement, regulatory compliance and more. ‘At Mactac, we believe quality is key to a successful business and our sustainable quality culture is at the core of everything we do,’ said Jennifer Zenar, director of quality at Mactac.

The Sappi Saiccor mill situated in Umkomaas, KwaZulu-Natal hosted a high-level delegation from the office of the outgoing MEC for Economic Development, Tourism and Environmental Affairs (EDTEA), Ms Nomusa Dube-Ncube, as part of the KZN International Investment Conference today. The MEC was accompanied by the Deputy Mayor of Ethekwini, Councillor Belinda Scott and the TIKZN Chairperson, Ms Ina Cronje. This combined R7,7bn investment is aimed at increasing capacity and global competitiveness, significantly reducing the environmental footprint of the company and equipment and process upgrades and improvements. its Saiccor Mill in Umkomaas. Not only will fossil fuel CO2 emissions be halved and SO2 emissions be reduced by 37%, but water use efficiency will improve by 17% and waste to landfill reduced by a massive 48%. This all, while increasing the mills’ capacity by 110,000 tons per annum and creating additional future permanent employment for 120 people and saving the company at least R300m per annum through improved and more efficient processes.