NEW YORK, June 3, 2014 (Press Release) -Minerals Technologies Inc. announced today that it has signed an agreement with the Zhejiang Zhengda Paper Group Co. Ltd. for a 50,000 metric ton per year satellite precipitated calcium carbonate (PCC) plant that will produce coating grade PCC for packaging in Zhejiang Province, China.
SAO PAULO, June 3, 2014 (PPI Latin America) -Corrugated paper producers in Brazil completed in May the price increase announced in the first quarter of the year. Initially projected to reach up to 12%, the final round of bargaining with clients ended up with an average price hike of 6%.
JOHANNESBURG, South Africa, June 3, 2014 (Press Release) -Mondi Group is pleased to announce it has agreed to acquire the bags and kraft paper business ("the Business") of Graphic Packaging International Inc., a wholly owned subsidiary of Graphic Packaging Holding Company, for a total consideration of USD105 million on a debt- and cash-free basis (the "Acquisition").
HELSINKI, June 3, 2014 (Press Release) -Pratt Industries has chosen a large automation package from Metso for its new PM 16 packaging paper production line, which will be located at the 100% recycled paper mill currently under construction in Valparaiso, Indiana, US.
PHILLIPS, WI, June 2, 2014 (Press Release) -MarquipWardUnited, Inc., a Barry-Wehmiller company, has completed the acquisition of the operations of Körber AG's Papersystems companies: E.C.H. Will GmbH, Pemco Inc.
WEST POINT, VA, June 2, 2014 (Local News) -RockTenn's West Point Containerboard mill is celebrating a "Century of Success" this year. The mill originally began operation in the Town of West Point as Chesapeake Pulp & Paper Co. on May 16, 1914. Last Saturday, May 17, marked the official anniversary celebration.
MEMPHIS, TN, June 2, 2014 (PRNewswire) -International Paper (IP) Chairman and Chief Executive Officer John Faraci today announced that Mark S. Sutton has been promoted to president and chief operating officer and elected a member of the company's board of directors effective immediately.
MEMPHIS, TN, June 2, 2014 (Memphis Business Journal) -John Faraci, CEO of International Paper Co. (NYSE:IP) is planning to retire in March. The company's board policy requires its CEO to retire at age 65. Faraci will turn 65 in February 2015, so his retirement will be effective March 1, 2015.