Madison Paper Industries, a partnership of UPM and Northern SC Paper Corp., a subsidiary of The New York Times Company, concluded the sale of its hydro power facilities to Eagle Creek Renewable Energy, LLC, a hydroelectric power producer, based in Morristown, NJ, USA on 31 July 2017.
The transaction was announced by Madison Paper Industries in April 2017.
http://www.upmpaper.com/whats-new/all-news/Pages/Madison-Paper-Industries-concluded-the-sale-of-its-hydro-power-facilities-in-Nor-001-Tue-01-Aug-2017-08-33.aspx
Related Posts
Westrock Coffee is expanding its US operations with a new manufacturing facility in Conway, Arkansas, to produce millions of single-serve coffee cups daily.
The private-label coffee and tea manufacturer, one of the largest in North America, opened the facility to meet rising demand from “existing and new” global customers, including “some of the largest retail and coffee brands in the region.”
“The single-serve category is evolving rapidly, and we are scaling our operations to meet our customers’ needs,” says Will Ford, chief operating officer at Westrock Coffee.
The company identifies rising global demand for “single-serve coffee” solutions. For example, according to Westrock Coffee, the coffee pods market, valued at US$35.3 billion in 2024, is projected to more than double to US$71.2 billion by 2034 as consumers seek “fast, high-quality coffee with added convenience.”
Stora Enso announced that it has signed a letter of intent to divest the Kvarnsveden site in Sweden to Northvolt. Due to structural decline in demand for graphical paper, in April 2021 Stora Enso announced a plan to close its Kvarnsveden paper production site. Founded in 1900, Kvarnsveden produced pulp and paper for over 120 years until production ended in September 2021. Northvolt is a European supplier of sustainable battery cells and will develop the site into a battery manufacturing plant, reusing and refurbishing the existing facilities and site infrastructure. According to Northvolt, the gigafactory is expected to start the first part of its operations in late 2024, and will employ up to 1,000 people.
Neenah Paper, Inc. announced that it had completed the previously announced purchase of the outstanding equity of W.A. Sanders Coldenhove Holding B.V. Coldenhove is a specialty materials manufacturer based in the Netherlands, with a leading position in digital transfer media and other technical products. Upon closing, the Company made a cash payment of approximately $45 million. The payment was financed through almost $14 million of available cash on hand, with the balance from incremental borrowing against the Company's existing global revolving credit facility. Interest rates on the additional short term debt were under two percent.