Paper

James Cropper has achieved a new revenue high in its year-end results and said it is entering the new financial year with a strong order book projection.

UPM has signed an agreement to sell 100% of the shares of its Austrian subsidiary UPM Kymmene-Austria to pulp, packaging, and paper producer and trader the Heinzel Group.

Feldmuehle said it has continued its ongoing investment project since October 2021, despite the “extreme and previously unknown fluctuations on the energy and raw materials markets”.

The new paper from James Cropper is a 100% recycled and recyclable paper for packaging using pre-worn jeans in the fibre blend.

Two paper manufacturers have raised their guidance for 2022 due to strong market conditions.

UPM and Burgo are the latest paper manufacturers to roll out price increases.

Stora Enso has started a feasibility study at its paper production site in Langerbrugge, Belgium, for the conversion of one of its two paper lines into a high-volume recycled containerboard line.

Sappi is harmonising the worldwide branding on its flagship coated woodfree paper range, which means GalerieArt becomes Sappi Magno in the UK and Ireland.

Mitsubishi HiTec Paper Europe is increasing prices for all of its speciality papers next month due to continued increases in costs, particularly in the areas of pulp, chemicals and freight.

Shotton Paper Mill’s new owners are investing £600m to transform the site into “one of the world’s most technologically advanced paper mills”.