Norske Skog Skogn signs 3-year power contract

As the world shifts towards renewable energy sources, the demand for high-performance insulation materials for electrotechnical uses is on the rise. Supporting this transition, electrotechnical papers are designed as an ideal solution for demanding applications such as high-voltage cables, distribution transformers, instrument transformers, power transformers, and bushings. Ahlstrom offers a comprehensive range of innovative electrotechnical papers under a new brand Elektro-Tek® that offer excellent thermal and electrical properties. The key features required in electrotechnical papers include for example their insulation properties, density and thermal endurance, to enable the insulation to perform in operation for the defined lifecycle of the highest quality OEM producers.

Earlier this week, the European Commission issued a public notification that it had received notice of the proposed transfer of ownership of Asia Pulp & Paper Group (“APP”) to Jackson Wijaya, the founder and sole owner of Domtar. This transfer, once completed, will be the outcome of normal course succession planning by Jackson Wijaya’s father, Oei Tjie Goan, which is particularly prevalent among families of Indonesian and other Southeast Asian entrepreneurs, like the Wijayas. As is well known, Jackson Wijaya comes from an entrepreneurial family, spanning generations. Jackson decided to follow the family tradition of launching his own independent business. Having attended the University of Michigan, Jackson was familiar with North America and felt that it was the right place to branch out on his own, founding what is now known as Domtar. Fast-forward several years, under Jackson’s ownership the company has grown from a few assets to an institution with a significant presence in Canada and the United States, as well as operations in France and Brazil.

Verso Corporation (NYSE: VRS) today announced plans to permanently shut down the No. 3 paper machine and associated equipment at its Androscoggin Mill in Jay, Maine, reducing annual coated paper production capacity at the mill by approximately 200,000 tons. The shutdown will be effective August 1 and is expected to be complete by the end of the third quarter of 2017. The No. 3 paper machine and a recovery boiler and digester that support it were idled in January of this year in response to declining customer demand that resulted in more coated paper capacity than could be filled. Most products made on the No. 3 paper machine were transitioned to lower-cost machines in other Verso mills.