Paper

Transcend Packaging has secured a $10m (£8m) investment from Japanese moulded fibre pioneer Itochu.

Stora Enso has revised its guidance for 2023 and said its operational EBIT is now expected to be “significantly lower” than for 2022 due to the worsening outlook.

DS Smith has revealed that it will be investing €145m (£128m) in an upgrade programme for its kraft paper mill near Viana, Portugal.

A revamp at James Cropper aimed at accelerating growth at the business will also involve a significant scaling back of production at its Paper wing as the group focuses on value rather than volume.

A person has died following the fungal infection outbreak that has shuttered Billerud’s Escanaba paper mill.

Paper and packaging group Billerud is dealing with an unusual situation at one of its mills involving a rare fungal infection, and which has now resulted in a temporary shutdown of the operation.

Independent Swedish pulp producer Rottneros has given 24 staff at its Vallvik Mill notice of redundancy due to increasing costs, falling pulp prices, and a weaker USD in the long-term.

Sappi’s deal to sell three European mills to Aurelius Group is off after the transaction failed to complete.

Mondi is investing to optimise the performance of the operation at its Neusiedler uncoated fine paper mill in Austria, with job losses expected.

Stora Enso will consolidate its book paper production and permanently close one of its two paper machines at its Anjala mill in Finland.