Stora Enso has completed the divestment of its Maxau paper production site in Germany, and all related assets to Schwarz Produktion, part of Schwarz Group. The divestment announced on 13 September 2022 was completed today after regulatory approvals. The enterprise value of the transaction is approximately EUR 210 million.The transaction will reduce Stora Enso’s annual SC (supercalendered) paper capacity by 530,000 tonnes. Based on the 2022 figures, the divestment is expected to reduce Stora Enso’s annual sales by approximately EUR 385 million. Subject to closing date adjustments, Stora Enso will book a one-time disposal gain of approximately EUR 55 million in its IFRS operating profit in the first quarter of 2023, considered as an item affecting comparability.This transaction is part of the earlier announced plan to divest four of Stora Enso’s five paper production sites. The plan was concluded earlier this year when Stora Enso signed an agreement to divest its paper production site in Hylte and discontinued the Anjala site divestment process. The divestment of the Nymölla paper site in Sweden was completed on 2 January with ownership transferred to Sylvamo. In line with its strategy, Stora Enso’s focus is on long-term growth potential for its renewable products in packaging, building solutions and biomaterials innovations.Schwarz Produktion is the umbrella brand for the production companies of Schwarz Group. In total, more than 4,500 employees in the Schwarz Produktion companies produce high-quality food as well as sustainable packaging and materials for the retail companies Lidl and Kaufland. In addition to mineral water and soft drinks, the Schwarz Produktion companies also produce chocolate, dried fruit, baked goods, coffee and ice cream. (Source: Press release)(Image courtesy Stora Enso)

India’s Food and Beverage Packaging Revolution: A USD 86 Billion Forecast by 2029(Mumbai India, Nov 16, 2023) Imagine a future where India’s food and beverage packaging industry, currently valued at USD 32 billion in 2022, surges forward at a remarkable annual growth rate of 14.8 percent. By 2029, it is poised to stand tall at an impressive USD 86 billion. This visionary journey is powered by the forces of urbanization, expanding disposable incomes, and a shifting landscape of consumer preferences. The All India Food Processors Association has provided insights into this dynamic transformation, and in this article we’re about to embark on an insightful exploration of this captivating evolution.To read complete report Go To:&nbsp;<a href="https://theconiferous.com/blog/indias-food-and-beverage-packaging-revolution-a-usd-86-billion-forecast-by-2029/">https://theconiferous.com/blog/indias-food-and-beverage-packaging-revolution-a-usd-86-billion-forecast-by-2029/</a> (Source: The Coniferous Blog)Pic: Image for representational purposes only

India’s Food and Beverage Packaging Revolution: A USD 86 Billion Forecast by 2029

2023 insights on major grades of the pulp and paper industry: Containerboard // P&amp;W Paper // Tissue &amp; Towel // Market Pulp(Charlotte, N.C, USA, Nov 16, 2023) The 2023 global economy has been a nuanced interplay of global events and policy changes that have left many uncertain about its future trajectory. These developments have had far-reaching effects on various industries, including the pulp and paper industry, impacting factors such as prices and demand patterns.&nbsp;As we approach the new year, let’s look back and review how different pulp and paper grades fared during the year.Excerpts:ContainerboardContainerboard, the dominant major grade in the industry, continued to maintain its stronghold, accounting for roughly 39% of annual capacity production. Since 2020, it has witnessed a compound annual growth rate (CAGR) of 3.67%. This was driven by a surge in demand that swept the sector in 2020 and 2021. ….Printing and Writing PaperAccounting for 13% of global pulp and paper capacity, printing and writing paper has experienced a negative CAGR of -1.68% since 2020. Despite a short-term bump in capacity production in 2022 due to a slight economic recovery and easing of COVID restrictions, printing and writing paper have been a declining grade for as far back as 2013.&nbsp; …..Tissue and TowelDespite accounting for only about 9% of global pulp and paper capacity, the tissue and towel sector is currently one of the fastest growing in the industry. Since 2020, it has experienced an impressive compound annual growth rate (CAGR) of 4.25%. ....Market PulpMarket pulp is the second largest major grade in the pulp and paper industry, making up about 16% of global capacity. Since 2020, it has experienced a CAGR of 1.87% and is the only major grade where Latin America takes the lead in production instead of the Asia Pacific region. …To read complete report Go To:&nbsp;<a href="https://www.resourcewise.com/forest-products-blog/2023-insights-on-major-grades-of-the-pulp-and-paper-industry">https://www.resourcewise.com/forest-products-blog/2023-insights-on-major-grades-of-the-pulp-and-paper-industry</a> (Source: Resourcewise.com)Pic: Image for representational purposes only

2023 insights on major grades of the pulp and paper industry

Paper Plays a Critical Role in the Digital Era(Washington DC, Nov 2023) Given the ubiquitous nature of digital devices and digital service promotion, some businesses may be tempted to transition to paperless record keeping systems based on preconceived notions that going digital is somehow more sustainable. That assumption could not be further from the truth.Paper continues to play a significant role in the digital era, especially when it comes to sustainability, accessibility, and security for businesses.Businesses must recognize the enduring value and broad benefits of paper documents. Even with advancements in electronic files, paper remains a critical component for organizations of all types.First, let's address the sustainability of paper. Trees are one of our most abundant renewable resources in America, and a healthy paper industry is critical to maintaining healthy forests.More than a billion trees are planted in the U.S. each year, and almost all the wood used to produce paper products is sourced from private, sustainably managed forests. Sustainable practices are the root of the paper industry, and we continue to advance sustainability through investment and innovation.Since 2011, members of the American Forest and Paper Association have reduced greenhouse gas emissions by more than 24% from the 2005 baseline, and our goal is to reduce these emissions by 50% by 2030.Better yet, paper is one of the United States' most recycled materials. Nearly 68% of paper was recycled in 2022. Those recycled fibers go on to become something new, like printing and writing papers, demonstrating our industry's inherent circularity.Underpinning this circular economy is a robust and accessible recycling system used by millions of Americans. Our industry plays a key role too, with nearly $7 billion in investments, completed or announced (2019-2025), that will use more than 9 million tons of recycled fiber.However, this success could be disrupted by mandates, like recycled content minimums or extended producer responsibility (EPR) policies, that could upend the dynamics of our circular value chain, and the voluntary industry investments powering paper's achievements.In addition to being produced from a renewable, highly recycled resource, paper offers many advantages over digital documents.Paper does not depend on additional technology for access and use, and physical documents provide a tangible record. Digital storage also carries with it vulnerabilities, including cybersecurity attacks and data breaches.Paper also plays an essential role in helping bridge the digital divide for the Americans who don't use or have access to broadband internet and would otherwise be excluded under "digital-only" policies.Thankfully, businesses looking to reduce their environmental impact don't have to choose between paper or digital. Companies can rest assured that paper is a sustainable, highly recyclable product, and provides a valuable document solution for today and into the future. (source: Press release)Pic: Image for representational purposes only

Paper Plays a Critical Role in the Digital Era

Voith and Asia Symbol Start-up Boxboard Machine at Rugao Mill in Shanghai, China(Heidenheim, Germany, Nov 20, 2023) Voith announced the successful start-up of Asia Symbol's BM 13 at Rugao, located 180 km north of Shanghai, China. The state-of-the-art machine is 8.16 meters wide with a design speed of 1,400 m/min and an annual capacity of around one million tons.BM 13 mainly produces high-quality white folding boxboard in the basis weight range of 170 to 400 gsm."Thanks to Voith's full-line package, the Rugao BM 13 achieves excellent results in terms of product quality, production efficiency, and operating and maintenance costs, which further strengthens our competitive advantage in the market," said Eric Xu, General Manager Rugao BM 13 of Asia Symbol.The full-line solution supplied by Voith for the Rugao BM 13 includes a wide portfolio of state-of-the-art solutions, from BlueLine stock preparation and intelligent XcelLine paper machine to two VariFlex Performance winders with a fully automated Flying Splice reel change.In addition to the resource-saving Triple NipcoFlex press, an energy-efficient EcoHood dryer hood, ropeless transfer in the dryer section and contactless qDry Pro drying with the HelioX infrared emitters are installed.Voith also supplied a comprehensive wear parts package and a wide range of automation solutions, including the OnControl MCS, DCS, Drive Control, OnQuality MD/CD Control and the OnCare Health condition monitoring system.Asia Symbol is a leading producer of pulp and paper under the RGE Group. Its main products are BHKP, NBKP, DP, liquid packaging board, high grade ivory board and uncoated wood-free printing and office paper.Voith Paper, part of the Voith Group, is the full-line supplier to the paper industry, providing a wide range of technologies, services, components and products, and offers paper manufacturers solutions from a single source. (SOURCE: Voith)Image: BM 13

Voith and Asia Symbol Start-up Boxboard Machine at Rugao Mill in Shanghai, China

External Link: Amazon India may roll out recyclable paper packaging(New Delhi, 13 Nov 2023) Amazon has been working to eliminate plastic packaging and has already implemented paper packaging solutions at its fulfilment centre in the US. India's growing e-commerce market makes it an important market for Amazon. The company is now looking at bringing several global innovations to India for manufacturing sturdy recyclable paper packaging as the e-commerce company works to reduce the use of plastic across its deliveries.To read complete report Go To:&nbsp;<a href="https://www.livemint.com/companies/news/amazon-india-may-roll-out-recyclable-paper-packaging-11699466054393.html">https://www.livemint.com/companies/news/amazon-india-may-roll-out-recyclable-paper-packaging-11699466054393.html</a> (Source: The Mint)Pic: Image for representational purposes only

Stora Enso divests Maxau paper site; SC paper capacity reduced by 530,000 tonnes