• UPM

Paper squeeze is felt at UPM

The joint venture with Sappi cannot come soon enough as UPM suffers from declines in demand across Europe. The divestiture of UPM’s Communications Papers business will be good thing all round says president and CEO Massimo Reynaudo in the UPM annual report and accounts. The deal, announced at the end of the year, to combine […]

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• Paper

Giant paper deal to shake up sector in Europe

Sappi and UPM Communication Papers are pooling their graphic paper interests in the face of falling demand and rising costs. Sappi and UPM caught the paper and print industry by surprise with the announcement that the companies are to create a €1.4 billion joint venture to house their graphical paper interests. If all goes to […]

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• Sappi

Sappi adjusts capacity with PM closure

Collapsing demand for mechanical coated paper has led to the decision to close PM2 at Kirkniemi. Sappi will shut down PM2 at its Kirkniemi mill in Finland at the end of this year. The machine has a capacity of 175,000 tonnes of coated mechanical papers a year.  The company blames wider industry changes which appear […]

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APP Group

APP promises to regrow Indonesian forests

Once the bete noire of conservationists, the giant paper group is promising restoration rather than just conservation. APP Group, formerly known as Asia Pulp & Paper, has pledged to spend $30 million a year for the next decade on forest restoration projects under the Regenesis programme.  At one time APP was one of the most […]

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Bain Capital

Shine is off the luxury market says Fedrigoni

Italian papermaker says that softer demand for luxury packaging is hitting the company’s profits. Softer demand for luxury packaging has hit revenue at Italian paper group Fedrigoni. However, at the mid point in 2025, overall group sales had increased, thanks to an increase in sales in its self adhesive materials division and this because of […]

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