On 23 June, Norske Skog announced that the company had entered into an agreement to sell the wholly owned subsidiary Norske Skog Korea to Morgan Stanley Private Equity Asia and Shinhan Private Equity. The transaction comprises the two newsprint mills Jeonju and Cheongwon, and is part of the work to reduce Norske Skog’s net debt.
Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today announced a 10 percent price increase on the plastic cartridges and plungers it supplies into the adhesives and sealants marketplace. The increase went into effect Aug. 15.
Once again this year, BASF will be taking its thermoplastics, polyurethanes and masterbatch preparations to the Fakuma, the International Trade Fair for Plastic Processing in Friedrichshafen, Germany. From October 14 to 18, BASF will showcase its innovations for plastic processors in Hall B4 at Stand 4308.
Imagine a package as red as an apple and just as biodegradable. PWP Industries has recently launched a colorful new series of biodegradable packaging, AgroResin Rainbow, expanding its AgroResin fiber composite packaging portfolio.
Metso has signed a contract with the Chinese Zhanjiang Chenming for the supply of the main equipment for the companys new pulp mill in Zhanjiang, Guangdong province, China.
Metso will supply the main technology for Aracruzs new 1.5-million-tons/yr bleached hardwood kraft (BHK) pulp line, to be built at their Guaíba mill in Rio Grande do Sul, Brazil.
Metso has completed the acquisition of GE Energys Lachine Main Plant, a heavy fabrication and machining facility located near Montreal, province of Quebec, Canada. The ownership of the company was transferred to Metso on August 15, 2008.
