Sappi announces results for the third financial quarter 2024

Appvion Operations, Inc., is launching a line of innovative packaging products under its new MISSION ZERO™ portfolio of sustainable products. MISSION ZERO™ is the umbrella brand for Appvion's newly engineered products to enhance sustainable packaging design by providing functional materials and systems that are addressing key issues of sustainability and recyclability. The MISSION ZERO™ products are designed to enable transformation, innovation, and optimization in the paper packaging value chain, and provide for a closed loop system and circular economy for consumer packaging, food service, industrial packaging and communication papers. "First in line under MISSON ZERO™ will be an innovative recyclable cup stock for hot and cold beverages that meets widely recognized industry standards for sustainable packaging in food and beverage , most notably the use of renewable, recyclable and responsibly sourced materials." said Jorg Schneewind, President of Appvion Packaging and Specialty Coatings.

UPM celebrated the official start of the construction of the state-of-the-art biochemicals facility in Leuna, Germany. The biorefinery investment of EUR 550 million is a major milestone in UPM’s strategic transformation. In Leuna, UPM will produce a range of 100% wood-based biochemicals that enable a switch from fossil-based products to sustainable alternatives in a number of end-uses such as plastics, textiles, cosmetics and industrial applications. Technology and process have been developed by UPM over the past ten years, mainly building on the company’s own innovation capabilities and selectively working with international partners. The biorefinery is expected to start up by the end of 2022.The investment has been awarded The Bio Act of the Year 2020 by the World BioEconomy Forum earlier in September this year.

Metsä Group is planning to construct a new Kerto® LVL mill on its expanding mill area in Äänekoski, Finland. The final decision on the investment, the value of which is approximately EUR 200 million, is pending the completion of a local detailed plan for the area. The new Kerto LVL mill is expected to use around 375,000 cubic metres of log procured from Finland. According to plans, the production of the new mill will be mainly sold to customers in Europe and Asia. The market outlook is excellent for lightweight, environmentally friendly Kerto LVL products that speed up construction, especially in industrial prefabrication, modular construction and traditional project construction. The development of a hybrid element structure combining concrete and Kerto LVL products has also made good progress and will further boost demand.