Cheng Loong Binh Duong Paper Company has selected Finnish firm Valmet to supply key process technology for the new BM 1 containerboard machine in Vietnam. The new machine is scheduled to be installed at the company's Ben Cat mill in Binh ...
South African paper and packaging firm Mondi has acquired 95% stake in a flexible packaging company KSP in South Korea. KSP operates a production plant in Seoul, in addition to having an interest in another plant in Thailand. Nearly ...
Irish paper-based packaging producer Smurfit Kappa has agreed to acquire corrugated packaging manufacturer Bates Container for an initial investment of $150m. Bates makes corrugated packaging and provides its services to the Texas region. ...
A deferred payment of around $7.5m (4.6m) is to be made at a later date to Bates, which employs 320 people and has a 135,000 tonnes of containerboard requirement. The deal, which will be funded from Smurfit Kappa’s cash reserves, is ...
Tags: Smurfit Kappa, Deal, Printing
Finland-based pulp, paper and energy industry service suppliers Valmet will supply a paper machine to US-based Pratt Industries, which will use the recovered paper to produce recycled linerboard and corrugated medium. The machine ...
Tags: Valmet, Pratt Industries, Packaging
In the corrugated giant's first half of the year statement published today (31 July), chief executive Gary McGann said the growth was the result of improved pricing, continued cost take-out and enhanced efficiency programmes. Revenue for ...
OCCG has operations in northern Mexico and the southern United States. OCCG employs 2,800 people (2,000 of whom are employed in Mexico), and is expected to generate $53m of earnings before interest, taxes, depreciation, and amortization ...
Tags: OCCG, acquire, packaging, recycled containerboard mill