Cascades Packaging boosts production at Kingsey Falls

Cascades Packaging has increased its production capacity after starting-up its PM1 at its Kingsey Falls mill, Canada-based site, following a major rebuild. Supplied by Toscotec, the project included the rebuild of the dryer section with the installation of TT SteelDryers. The rebuild aimed to achieve “the highest production increase with the lowest possible...

Clearwater reports positive tissue business improvements in 3Q results

Clearwater Paper Corporation has reported net sales of $426.5m for the third quarter of 2018, which was flat with net sales for the third quarter of 2017. Net earnings were $34.4m compared to $0.9m the same time a year earlier. The increase in net earnings was primarily due to a $22.9m gain on the sale of the company’s Ladysmith, Wisconsin-based...

Cascades reports solid 3Q results; tissue division hit by raw material costs

Cascades has reported solid third quarter results but said its tissue division was hit by “rising raw material and logistics costs”. For the three-month period ended 30 September, it reported sales of $1,172m compared to $1,179m in 2Q 2018 (-1%) and $1,103m in 3Q 2017 (+6%). This was driven by a 12% increase in the Tissue segment, “reflecting volume...

Bids for K-C’s European tissue unit ongoing

Kimberly-Clark’s European tissue unit will potentially be sold to private equity groups including Goldman Sachs, reports have claimed. The unit has been put up for sale by the New York-listed company as it seeks to reduce costs and dispose of less profitable businesses. New-York headquartered private investment company Centerbridge Partners LP and the private...

Marutomi Group invests in two

Japan’s Marutomi Group has invested in two MODULO-PLUS ES tissue lines. Supplied by Toscotec, the machines will be installed at Marutomi Paper’s mill and at Ono Paper’s mill in Fuji city, Shizuoka, Japan. Start-up is scheduled for the first and second half of 2019. The scope of supply includes two MODULO-PLUS ES (Energy Saving) tissue machines featuring a...

Shaniv Paper Industries increases capacity

Israel’s Shaniv Paper Industries has boosted its production capacity after investing in the rebuild of its TM1. Supplied by A.Celli Paper, the rebuild was successfully completed with start-up of the machine in early October. The operation included the supply of a new reel, an innovative DCS system, a more efficient set of motors, renewed roller equipment and...

C.A.S. Paper Mill boosts capacity

Thailand’s C.A.S. Paper Mill has increased its production capacity after investing in an AHEAD-1.5S tissue line. Supplied by Toscotec, delivery is scheduled for 2019 and the start-up for the first quarter of 2020. The turnkey supply includes the AHEAD-1.5S tissue machine, equipped with a second generation Steel Yankee Dryer TT SYD, Toscotec’s shoe press...

K-C appoints new CEO

 Kimberly-Clark (K-C) has appointed Michael D. Hsu as chief executive as of 1 January 2019. Hsu has served as K-C’s president and chief operating officer since 1 January 2017 and will continue to serve as a member of the company’s board of directors. Before that, he oversaw the company’s nearly $8bn North American Personal Care and Consumer Tissue...

Essity results hit by raw material and energy price hikes

Essity has said higher raw material and energy costs have had a negative impact of SEK3,268m on earnings in its third quarter results. Net sales for the period 1 January 2018 and 30 September increased 8.4% to SEK87,388m compared to the same time a year ago, while operating profit before EBITA declined 10% to SEK8,085m. Adjusted pre-tax profit decreased 6% to...

Yibin Paper Industry increases capacity

China’s Yibin Paper Industry has increased its production capacity after investing in two 18ft IDEAL Steel Yankees. Supplied by A.Celli Paper, the two lines are expected to be installed on site in early November 2018. In total, the order by the company has included five sets of iDEAL Tissue Machines; three of which are equipped with three 16ft. Steel Yankees...

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