Page 24 - PWM2023_April

NEWS CONSUMABLES AND PAPER

Amcor, Nfinite collaborate in New CFO for
Mativ

Nanotechnology Project announced that Greg Weitzel
Mativ Holdings, Inc.
will succeed Andrew
Wamser as global chief
Amcor today announced a research project agreement financial officer. Weitzel will
joint research project is an important step, and assume the leadership of the
agreement with Nfinite showcases Amcor’s solution- company’s global financial
Nanotechnology Inc. to based commitment to capabilities and services on
validate the use of Nfinite’s s u s t a in a b i li t y a n d April 2, 2023 from Wamser,
nanocoating technology to innovation. Collaborating who will depart the company
enhance both recyclable and on April 1, 2023.
compostable packaging. In with innovative start-ups Weitzel has served as
the proof-of-concept phase like Nfinite, particularly in Mativ’s VP of Financial
of the project, Nfinite’s the early stage of this Planning & Analysis since the
coating technology will be This will be a project for Recyclable and Compostable Packaging exciting new technology, is creation of the company in
applied to Amcor’s existing one more way we are July 2022 from the merger of
recyclable and compostable substrates like bio-based st a r t-ups h ave t he working to advance our Neenah, Inc. and SWM
packaging material. The materials to create more opportunity to work with shared sustainability goals.”
objective is to deliver an sustainable applications. Amcor’s Research & C h e e H a u Te o h , International. Since 2013,
oxygen barrier to improve This project marks an Development team to create co-founder and CEO at Weitzel has held progressive
performance for recyclable important milestone in the new applications that can Nfinite Nanotechnology, senior finance roles with
and compostable packaging. partnership between Amcor advance both companies’ said, “We’re very pleased to Neenah, Inc. and prior to
Once validated, the next and Nfinite that began in efforts toward driving that with Georgia-Pacific
stage of development will 2022 when Nfinite was circularity. have Amcor’s support in Corporation, including
seek to ensure the products selected as an Amcor Lift- Amcor Vice President of advancing our ambitions to leading the company’s FP&A
are optimized to Amcor’s Off winner. In addition to Corporate Venturing and deliver this nanocoating organization and holding
manufacturing processes receiving $250,000 in seed Open Innovation, Frank technology in packaging business unit finance supply
and analyze additional funding, Amcor Lift-Off Lehmann, said, “This joint applications.” chain leadership roles.
UPM plans further capacity ABB opens R&D center

reductions of uncoated paper in Ireland

UPM announced plans to ABB on Feb. 27 officially
adapt its uncoated opened a global research
publication paper capacity to and development (R&D)
a long-term profitable center for the pulp and
customer demand. The paper industry in Dundalk,
capacity reductions are Ireland. The new multi-
planned to take place in million-dollar ABB Dundalk
Germany and Austria: R&D Centre is at the heart
UPM Communication of ABB’s automation and New ABB Dundalk R&D Centre
Papers plans to permanently digital offering for the
close paper machine 6 at sector and will be home to makes its way through the
UPM Schongau, Germany, the ongoing evolution of the paper machine to form the
reducing the annual capacity ABB Quality Control end-products, including
of uncoated publication UPM plans to permanently close paper machine 6 at UPM Schongau System (QCS). paper and board.
papers by 165,000 tonnes by place already by the end of capacity of 1,800,000 tonnes. New ideas and products ABB’s vision for the center
the end of Q2 2023. UPM Q2 2023. The planned actions are will be piloted and managed is to develop solutions that
respond to global trends and
Communication Papers Production on the cost- estimated to result in annual into the suite of applications can meet the sustainability
accelerates the earlier competitive paper machines fixed cost savings of EUR 13 for improved quality in the goals of the rapidly evolving
a nnounced stop of 7 and 9 in Schongau as well million. c o mp le x w o r ld o f industry. This project is
p r o d u c t i o n a t i t s as on the four other uncoated At the same time, UPM papermaking. This will supported by the Irish
Steyrermühl mill by six publication paper machines has decided to stop the include solutions for Government through IDA
months. The exit of a total of UPM in Germany and newsprint production at its measuring, adjusting, Ireland. Dundalk is one of
annual capacity of 320,000 Finland is planned to Steyrermühl newsprint mill optimizing and controlling ABB’s four main Pulp and
tonnes of newsprint will take continue with a total annual by the end of Q2 2023. quality as the paper web Paper R&D centers.
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