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NEWS CONSUMABLES AND PAPER

Moelven Wood, Billerud for Kemira names
new President

paper-based packaging Antti Salminen as President
Kemira has appointed
and CEO, effective February
12, 2024. Petri Castrén will
Moelven Wood and solution that conveys sus- continue as the Interim
Billerud are joining forces to tainability, reflects the con- President and CEO until that
examine the possibility of tent, and visually stands out date, after which he will con-
developing a new sustaina- in stores,” said Tjalling tinue as the CFO of Kemira.
ble packaging solution for Salminen has held several
Moelven’s interior panels. Cha u d r on , P r odu c t leadership positions in
The goal is to create a paper- Development Manager at Kemira, most recently as
based solution to replace the Moelven Wood. “We are President, Pulp & Paper seg-
current plastic shrink wrap. confident that we together ment. Prior to that he served
The collaboration stems can develop a packaging as President, Industry &
from an innovation compe- Collaboration for paper-based packaging toreplace shrink wrap with good technical proper- Water segment.
tition organized by Paper were selected to work on the mentors in business and Salminen commented, “It
Province. c h a l l en g e du r i n g product development, com- ties, that can add value to is an honor to be appointed
In September, 19 compa- MoelvenHackathon. The munication, value proposi- our products and have an
nies submitted 22 solution innovation competition was tion, and materials. achievable implementation President & CEO of Kemira.
proposals to Moelven arranged by the forestry bio- At the final, the compa- in the factory.” Kemira is in excellent shape
Wood’s packaging challenge economy cluster Paper nies pitched their proposals Replacing the current and I’m very much looking
— to find a more sustainable Province and held in to Moelven’s jury who shrink wrap packaging with forward to taking our profita-
packaging for their wooden Karlstad, Sweden, on announced Billerud and one made from renewable ble growth strategy and sus-
interior panels. December 11 and 12.During their fiber-based packaging tainability transformation to
Out of these, Ahlstrom, the competition, the compa- solution as the winner. materials is a step towards the next level together with
Billerud, Boxon, Lignin nies fine-tuned their solu- “Billerud’s team pre- reducing Moelven Wood’s the committed Kemira
Industries, and T-Emballage tions with support from sented a sharp and concrete carbon footprint. organization.”
Suzano enters agreement to Valmet signs deal to

acquire land in Brazil acquire Demuth

Suzano on December 23 Valmet on December 21
agreed to purchase 70,000 entered into an agreement
hectares of land in Brazil to acquire Demuth, a
from two special-purpose Brazilian company special-
firms managed by BTG izing in wood handling solu-
Pact ua l Timberla nd tions for the pulp industry.
Investment Group. The land This acquisition will
is located in the state of Mato strengthen Valmet’s wood
Grosso do Sul — in the cover- handling technology offer- Wood handling company
age region of Suzano’s opera- ing and services presence in
tions — with 50,000 South America. The value of of Rio Grande do Sul. The
hectares of productive area, the acquisition will not be net sales of Demuth is
in which part of it has euca- disclosed. around EUR 20-30 million
lyptus plantation with differ- Agreement for 70,000 Hectares of Land in Mato Grosso do Sul The acquisition is subject annually and the company
ent ages, Suzano said. occur in 2024, with the price this type of transaction; (iii) to relevant competition employs around 300-400
According to Suzano, to be converted into US the transaction is subject to authority approvals and is people.
Demuth comprises of
terms and conditions of the Dollar if the closing occurs the approval of the Brazilian estimated to be completed companies “Demuth
transaction were established after March 31, 2024; (ii) the antitrust authorities (CADE) during the second or third Máquinas” and “Estruturas
based primarily on the fol- acquisition price may be and other usual conditions quarter of 2024. Demuth is a Metálicas Demuth”. Valmet
lowing conditions: (i) acqui- adjusted to reflect the posi- precedent for this type of family-owned company is a global developer and sup-
sition price of 1.826 billion tion of the Target Companies deal. Suzano noted that the established in 1981. The plier of process technologies,
reais ($375.7 million), to be on the closing date, with acquisition is aligned with its company operates two man- automation and services for
paid in cash on the transac- regard to usual economical strategy to create optionality ufacturing facilities in the pulp, paper and energy
tion closing date, expected to and operational aspects in to its business. southern Brazil in the State industries.
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