Page 15 - PWM2026_FEBRUARY EBOOK

CONSUMABLES AND PAPER NEWS

Tetra Pak invests €60 million AF&PA elects
Steve Henry

in owned pilot plant Paper Association (AF&PA)
The American Forest &
announced Steve Henry,
Domtar’s Paper & Packaging
As a part of its long-term strong ties to existing CEO & President USA, as
ambition to develop the research and material devel- incoming Board chair. He
world’s most sustainable opment, close collaboration joined other pulp, paper,
food package, Tetra Pak has with Lund University, and packaging and tissue product
introduced an innovative access to advanced testing industry leaders at the
solution in its aseptic bever- capabilities at the MAX IV Association’s Winter Board
age cartons where the tradi- Laboratory in Lund. of Directors’ Meeting on
tional aluminium foil layer Joakim Tuvesson, Vice January 29. The AF&PA
is replaced with a new President Materials & Board of Directors consists of
paper-based barrier. This Package commented: “By top industry leaders.
innovation increases the To advance its paper-based barrier technology development expanding our facilities and “Steve is a trusted leader
paper content in beverage strengthening strategic whose deep industry knowl-
cartons to approximately recycling infrastructure. million in a new paper-based
80% and, when combined These include maximising barrier pilot plant in Lund. partnerships, we aim to edge and steady commitment
with plant-based polymers, the recovery of paper con- This facility will also pro- make our innovative paper- to our shared priorities will
increases the traceable tent during the recycling vide its customers with valu- based barrier accessible to serve the Board and the
renewable content of a car- process of carton packages able insights into the new more customers, accelerat- entire AF&PA membership
ton up to 92% – cutting the and delivering high-quality solution across the entire ing their transition to sus- well,” said AF&PA President
carbon footprint by up to fibre and non-fibre frac- manufacturing from barrier t a in able p a c k a g in g and CEO Heidi Brock. “I’m
43%1. By simplifying the tions. creation to packaging mate- materials. We look forward grateful for his willingness to
material structure from To accelerate the develop- rial and filled package pro- to starting production and serve and confident he will
three to two main materials: ment of this innovative duction. The paper-based welcoming first customers help guide the association
paper and polymers, further aseptic packaging material, barrier pilot plant will be to the new pilot plant in the through another year of
benefits are anticipated for Tetra Pak is investing €60 located in Lund, with its first quarter of 2027.” meaningful progress.”
International Paper to create Cascades to Sell

two public companies packaging plant

International Paper, a Cascades Inc. has entered
leader in sustainable pack- into an agreement with
Crown Paper Group for the
aging solutions, today sale of its corrugated pack-
announced its plan to create aging plant located in
two independent, publicly R i c h m on d , Br i t i s h
traded companies: Columbia, for a total value
International Paper will of $65.5 million, including
be comprised of its current the real estate assets and
business in North America subject to working capital Sale to Crown for $65.5 Million
including both legacy IP and adjustments and the aligns with Crown’s current
DS Smith assets, and, assumption of certain liabil- footprint, expanding its
ities.
the EMEA Packaging In view of Cascades’ com- operations in the region.
business will be comprised mitment to optimize its Rob Kreizenbeck, CEO of
of both legacy DS Smith and It will create leading sustainable packaging solutions companies operations and reduce its Crown Paper Group, com-
IP assets in EMEA. International Paper is both North America and debt, the sale of the mented, “Acquiring the
The separation will create focused on maximizing EMEA. Over the past year, Richmond plant emerged as Richmond Box Plant is an
two leading sustainable value for shareholders the 80/20 approach enabled a mutually beneficial out- important milestone in
packaging solutions compa- through its 80/20 perfor- the company to recognize come for both Cascades and Crown’s continued expan-
nies, each with focused mance system and region- significant regional bene- Crown. Given its geographic sion, furthering the integra-
management teams and sp e c i f ic s t rate g ie s. position, the Richmond tion of our mill and box
business models, tailored Combining International fits, improve customer deliv- plant offered limited inte- operations to provide our
investment and capital allo- Paper and DS Smith enabled ery and strengthen its gration and synergy poten- customers with exceptional
cation strategies, and com- the company to significantly relative supply position in tial within Cascades’ service and product offer-
pelling financial profiles. strengthen the businesses in both geographies. operational network, but ings.”
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