Fibre producer balancing inventory with demand
Insolvent paper maker looking to avoid sale of assets.
Cascades Inc. says it no longer plans to close its containerboard mill in Trenton, Ont. – saving 130 jobs.
Paper products maker Cascades Inc. has bought three new Ontario storage and converting facilities for an undisclosed price.
Insolvent Catalyst Paper has reached cost-cutting labour agreements with unions representing more than 1,000 paper and pulp workers at three mills in BC.
Resolute Forest Products has purchased the idled co-generation operation at Dolbeau, Que., from Boralex for $5 million.
Pulp and paper producer Catalyst Paper has secured up to $175 million in financing as it moves forward with restructuring under court protection from creditors.
The court-appointed monitor overseeing efforts to sell a shuttered Cape Breton paper mill has named a second bidder interested in buying and operating the factory.
Two paper machines at a Nova Scotia mill are shutting down indefinitely as its parent company grapples with economic challenges and rising costs.
Cascades is selling its two US boxboard plants as part of its strategy to focus more on core packaging and tissue paper operations.
Cascades is selling its less-efficient plants and accelerating the modernization of its other facilities with planned $100 million per year investments over three to four years.
The global demand for wood fibre will escalate as the development of biomaterials evolves and that’s going to lead to supply shortages and fierce competition for fibre, says a PricewaterhouseCoopers report.
Cascades Forma-Pak has inaugurated a new machine used in the manufacturing of moulded pulp products.
Catalyst Paper’s Snowflake Mill in northeast Arizona has shut down production following a fire Monday that destroyed approximately 14,000 tonnes of recovered waste paper.
Cascades Inc. is selling its Dopaco business unit for US$400 million cash to a global packaging company based in New Zealand.