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NEWS CONSUMABLES AND PAPER

Suzano to
One Equity Partners agrees to invest $100 mn

sell Walki to Japan’s Oji Group invest R$490 million
Suzano announced it will
(approximately US$100 mil-
lion) in a new fluff pulp line.
One Equity Partners supporting the development The new capacity will ena-
(“OEP”) today announced of manufacturing methods ble Suzano to meet rising
that it has entered into a with reduced adverse envi-
definitive agreement to sell ronmental effects.” global demand and improve
Walki Holding Oy (“Walki” sustainability standards for
or the “Company”), a pan- During OEP’s ownership, absorbent, personal hygiene
European supplier of sus- Walki saw revenue growth products, including baby and
t a in ab l e a n d of over 125% and made sig- adult diapers, feminine
high-performing packaging nificant investments in hygiene, and pet pads.
and engineered materials long-term environmental This investment will sup-
solutions, to Oji Holdings Walki is a specialty packaging materials manufacturer sustainability. Investments
Corporation (“Oji Group”), a included the development of port the conversion of a
Japanese paper products retardant facings, sustaina- pleased to help the business BHKP pulp line at Suzano’s
technology company. ble membranes, and execute on a transformative alternative materials and Limeira mill in Sao Paulo,
Founded in 1930 and head- protective clothing applica- business expansion strategy production methods to give Brazil, into a flex machine to
quartered in Espoo, tions. The Company has 17 with sustainability at its customers the flexibility to produce Suzano’s Eucafluff®
Finland, Walki is a specialty production facilities world- core,” said Marc Lindhorst, choose the most appropriate or BHKP. Suzano’s installed
packaging materials manu- wide and employs more Managing Director, One packaging solution to miti- capacity of fluff pulp produc-
facturer, offering consumer than 1,700 people. OEP’s Equity Partners. “We col- gate environmental impact. tion will increase from
and industrial packaging for acquisition of Walki closed laborated with management
food and specialty con- in July 2018. to drive transformative Walki completed seven 100,000 tons per year to
sumer products, as well as “We are humbled by growth opportunities in the acquisitions over OEP’s hold 440,000 tons per year, with
engineered materials, such Walki’s performance under packaging and engineered period, including that of production expected to begin
as insulation and fire- our ownership and were materials end markets while Plasbel Plásticos in 2021. by Q4 2025.
Voith gets order for rebuild of Stora Enso appoints

packaging paper production Ad Smit as Exec. VP

Voith announced that it Stora Enso has appointed
has been commissioned by a Ad Smit as Executive Vice
global packaging and paper President of the Packaging
manufacturer to rebuild a Solutions division and a
production line into a state- member of the Group
of-the-art production facility Leadership Team, effective
for recycled packaging December 1. He will replace
papers. David Ekberg, who leaves
Voith will deliver a cus- the position on November Ad Smit, new Executive VP
tomized solution that 30 to pursue new opportuni- Packaging Group, which
includes a BlueLine stock ties outside of Stora Enso. Stora Enso acquired in
preparation system, the Smit is a Dutch citizen January 2023. Prior to that
rebuild of the existing and will be based in the
machine into an XcelLine Voith to deliver solutions like BlueLine stock preparation system Netherlands. He has led the he held various Managing
paper machine, as well as from stock preparation to for efficient and fast pulping. Business Unit Western Director positions leading
comprehensive service winder. Thus, the BlueLine Another highlight is Europe within Stora Enso’s packaging divisions and
agreements and a fabrics stock preparation line will Voith’s InfiltraDiscfilter with Packaging Solutions divi- units at Smurfit Kappa
package. The project also enable consistent and high patented, bagless FloWing Group for over 20 years.
involves the technologically stock quality with optimized sion since January 2023. Stora Enso is a leading pro-
complex rebuild of the exist- fiber yield and low energy technology for optimum Smit has over 30 years of vider of renewable products
ing winder for processing consumption. The heart of dewatering. In addition, an business leadership experi- in packaging, biomaterials
packaging papers. t he s y s t em i s a n extensive reject sludge-water ence in the packaging indus- and wooden construction,
The customized package Inten sa P u lp er w it h system from Voith’s subsidi- try. From 2012, he served as and one of the largest private
covers the entire process TwinPulp detrashing system ary Meri will be installed. the CEO of De Jong forest owners in the world.

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