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Mill

Burgo to receive €300 million in additional funding

Burgo to receive €300 million in additional funding

Burgo, the Italian fine paper manufacturer, is to receive a total of €300 million in new funding from a number of banks. The money is aimed at improving Burgo's financial...

Stora Enso sells its Uetersen coated fine paper mill

Stora Enso sells its Uetersen coated fine paper mill

Stora Enso has divested its Uetersen, Germany mill to a private equity company. The mill produced 240,000 tonnes of paper annually for the company and will reduce Stora E...

Metsaboard to exit paper production and concentrate on paperboard

Metsaboard to exit paper production and concentrate on paperboard

Metsaboard is entering the final stages in its transition to a paperboard production company from a paper one. A new paperboard machine will become operational in early 2...

Indian mills suffer from low sales, large inventories

Indian mills suffer from low sales, large inventories

Large Indian paper mills are seeing significant build-ups of inventory as their products suffer from competition with imports in the printing and writing segment, slow sa...

New pulp dryer fitted at Mondi's Russian mill

New pulp dryer fitted at Mondi's Russian mill

Mondi's Russian mill has had a new pulp dryer fitted, enabling it to produce new pulp products for the Russian market and beyond.The new Komicell pulp produced by the fac...

Verso loses $35 million in the last three months

Verso loses $35 million in the last three months

Verso, the intended buyer for NewPage Corporation, posted a $35 million loss in the last three months, highlighting the need for the company to find cost savings.Despite ...

Burgo workers strike after mill closure rumours

Burgo workers strike after mill closure rumours

Burgo workers went on strike on the 28th November as a protest against the company's action plan for the next 4 years.The company, which closed its Avezzano uncoated pape...

Tullis Russell makes a loss in latest financial year

Tullis Russell makes a loss in latest financial year

Tullis Russell, the Scottish manufacturer of fine papers and paperboards, has made a £3 million loss in the last year. This is lower than the previous year's £3.3 million...

UPM to reduce its European capacity by 800,000 tonnes in 2015

UPM to reduce its European capacity by 800,000 tonnes in 2015

UPM has announced that it will close four paper machines across Europe in order to save €150 million in costs. The mills all currently produce newsprint or magazine paper...

NewPage to sell two mills to facilitate Verso merger

NewPage to sell two mills to facilitate Verso merger

NewPage has agreed to sell two North American mills to Catalyst Paper in Canada in order to improve its financial situation. This is intended to make NewPage's merger wit...

 

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