Novolex Acquires American Twisting

The two companies will partner to provide circular solutions to the market. The investment in a complete recycling solution is set to significantly improve recycling throughout Central and Eastern Europe. The partnership, that follows a comprehensive feasibility study, sees the introduction of a large-scale carton repulping line at Stora Enso’s Ostrołęka production unit in Poland. The line will triple the annual recycling capacity of used beverage cartons in Poland from 25 000 to 75 000 tonnes. This will allow recycling of the entire volume of beverage cartons sold in the country and the ones coming from neighbouring countries, including Hungary, Slovakia and the Czech Republic. The total investment is EUR 29.1 million. Stora Enso will invest EUR 17 million into a new repulping line that will recover the carton fibers. Tetra Pak along with Plastigram will invest a total of EUR 12.1 million to build an additional line. It will recover and separately recycle the polymers and the aluminium, using a patented separation technology. Both lines will be operational in the beginning of 2023.

*Full-year net earnings (loss) of $288 million ($0.82 per diluted share); Fourth quarter net earnings (loss) of $(284) million ($(0.82) per diluted share); Full-year and fourth quarter net earnings include a pre-tax charge of $540 million related to mill strategic actions *Full-year earnings benefit from Building a Better IP initiatives of $260 million, exceeding annual target *Full-year capital investments of $1.1 billion, including investments in packaging for future growth

Metsä Board, a leading European producer of premium fresh fibre paperboards and part of Metsä Group, is putting the latest artificial intelligence to good use at its Kemi mill in order to improve the runnability of its white kraftliner on a customer’s corrugating line. Metsä Board will be collaborating with DS Smith, a leading provider of corrugated packaging solutions operating across 37 countries. The analytical solutions and technology are supplied by Valmet, the leading global developer and supplier of process technologies, automation and services to the pulp, paper and energy industries. Metsä Board’s Kyro mill began using artificial intelligence for quality management on its folding boxboard machine last year. Metsä Board is also continuing to investigate different possibilities to implement artificial intelligence on other production lines.