Page 16 - PWM2024_November EBook

NEWS CONSUMABLES AND PAPER

Stora Enso to acquire Finnish Kemira plans
to close site

sawmill company plans to consolidate some
Kemira today announced
Pulp & Paper chemical pro-
duction in North America,
Stora Enso has entered ment. It will also further resulting in the closure of a
into an agreement to enhance operational effi- manufacturing site in
acquire 100% of the Finnish ciency and optimise the Vancouver, Canada. The
s a w m ill c o m p a n y Oulu production site and Vancouver site produces pro-
Junnikkala Oy. This acquisi- sawmills as an integrated cess and functional chemi-
tion aims to secure a cost- unit, while also strengthen- cals for the Pulp & Paper
efficient wood supply to segment. The planned con-
Stora Enso’s packaging ing our wood products offer- solidation is expected to
board site in Oulu, Finland, ing,” says Hans Sohlström, impact approximately five
and to support Stora Enso’s Stora Enso’s President and employees.
wood products business The acquisition aims to secure a cost-efficient wood supply CEO. The transaction will Kemira said it expects pro-
with new production assets. strengthen the Group’s duction at the Vancouver site
The total enterprise value 2025.Junnikkala Oy is a grated board site in Oulu wood supply operations and to end during the first half of
(EV) for the transaction is Finnish producer of sawn through long-term supply of reinforce its position in saw-
up to EUR 137 million, a sig- timber and processed wood raw materials such as wood log and pulpwood sourcing 2025, and will move it to
nificant part of it being con- products for domestic and chips, pulpwood and inter- in the Baltic Rim wood mar- Kemira’s Washougal,
nally sourced biomass going
tingent upon achieving export markets. It operates from the sawmills to the ket. Stora Enso’s annual Washington site, where
specific production mile- three sawmills in Finland Oulu site. wood procurement in Kemira already produces
stones. including its new state-of- “We are preparing for the process and functional chem-
The transaction is subject the-art sawmill, less than 10 start-up of our new con- Finland will hence increase icals. The intended move is
to customary closing condi- kilometres from the Stora verted packaging board line by approximately 1.7 million expected to streamline oper-
tions including regulatory Enso Oulu site. The in Oulu and this acquisition m3 and the Group’s total ational efficiency in Kemira’s
approvals, and is expected acquired sawmills will cre- will establish a solid founda- saw-milling capacity by North American operations
to close in the first half of ate synergies with the inte- tion for our wood procure- approximately 700,000 m3. as per marketing conditions.
Georgetown Mill Supply Cascades announces

Agreement terminated role changes

Sylvamo and International Cascades Inc. announced
Paper are mutually terminat- organizational changes
ing a supply agreement for designed to support the
uncoated freesheet, bristols company’s strategic growth
and specialty papers at the by strengthening alignment,
G e orgetow n , S out h increasing agility, improv-
Carolina, mill. The agree- ing execution and accelerat-
ment will terminate Dec. 31, ing decision making within
2024. the organization. These Organisational changes
Sylvamo is successfully changes will take effect on
transitioning many paper November 11. Tissue group, has been
grades from Georgetown to These changes will com- appointed to the position of
its Ticonderoga, New York, bine its containerboard and Executive Vice-President,
and Eastover, South The agreement will be terminated on December 31, 2024 specialty products (SPG) Packaging. He has worked
Carolina, mills to continue support our customers “Looking ahead, we are con- activities into a single opera- in each of the company’s
supplying customers. through this transition and fident in our future and our tional unit. This combina- three groups since joining
International Paper has will retain the most profita- strategy to grow earnings t i o n w i l l u n i t e the company in 1997. Tardiff
announced plans to discon- ble pro duc t s f rom and cash flow by continuing Containerboard Packaging’s holds a bachelor’s degree in
tinue operations at the Georgetown, reducing eco- to invest in high-return pro- network and strike force mechanical engineering
Georgetown mill. nomic downtime in our mill jects in our mills and pro- with SPG’s agility and game and an MBA. Cascades also
“We have been preparing system and improving our cesses.” changing innovation. Jean- announced that Jérôme
for this possibility since our mix,” said Jean-Michel More details are available David Tardif, currently Porlier has been appointed
2 021 spi nof f f rom Ribiéras, Chairman and in a presentation available at President and Chief to the position of Executive
International Paper. We will Chief Executive Officer. investors.sylvamo.com. Operating Officer of the Vice-President, Tissue.
14 PrintWeek MENA November 2024 www.printweekmena.com