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European News
Metso has received an arbitration award in its favor amounting to EUR 10 million plus around EUR 2 million in interest. The arbitration process was related to a large project delivery in Turkey. The arbitration tribunal denied substantially the claims…
ÅF has signed a contract with Stora Enso to conduct a pre-project prior to the construction of a new bleaching plant at the Skutskär Pulp Mill, and other reconstruction work in connection with related aspects of the process. The initial…
As part of the dual listed company structure, Mondi Limited and Mondi plc (together “Mondi Group”) notify both the JSE Limited (“JSE”) and the London Stock Exchange of matters required to be disclosed under the JSE Listings Requirements and/or the…
Vacon Plc has completed the statutory personnel negotiations on 15 February 2012 concerning the company's white-collar personnel in Finland. The invitation to the personnel negotiations was given to Vacon's white-collar employee representatives on 12 December 2011, and the negotiations started…
Based on the public offer by Lactosan-Sanovo Holding A/S (Lactosan-Sanovo) to the shareholders of Brødrene Hartmann A/S (Hartmann) submitted on 22 November 2011, the Board of Directors of Hartmann initiated a process for the purpose of examining which future solution…
Metso will supply Kipaş Kağıt Sanayi İşletmeleri A.Ş with a containerboard machine for their new mill site in Kahramanmaraş in southeastern Turkey. The start-up of the new machine is scheduled for 2013. The value of the order is approximately EUR…
Part of Metsä Group, M-real Corporation, which Board of Directors proposes to the Annual General Meeting to be convened on 28 March 2012 a change of the company’s name to Metsä Board Corporation, is Europe’s leading fresh forest fibre paperboard…
SCA’s binding offer to acquire Georgia-Pacific´s European tissue operations has been accepted – process continues towards closing Georgia-Pacific´s acceptance of SCA’s binding offer follows consultations with appropriate works councils. As a result, a sales and purchase agreement has been signed…
Stora Enso’s Printing and Reading Business Area plans to increase its cost competitiveness by restructuring coated magazine paper operations at Corbehem Mill in France, Veitsiluoto Mill in Finland and Kabel Mill in Germany. “The operating environment in coated magazine paper…
Stora Enso plans to increase further the efficiency and flexibility of its local maintenance operations in Sweden by restructuring and changing the processes. The planned restructuring measures would reduce the workforce by approximately 130 employees in maintenance operations in Sweden.…
Stora Enso has been rated as sector leader in the Forest Footprint Disclosure (FFD) Review for 2011 published in London. This recognition rewards the company for managing and transparently reporting its forest footprint. A ‘forest footprint’ measures the total amount…
Ahlstrom Corporation, a global high-performance materials company, announced that it has completed significant upgrades to its Global Filtration Technical Center in Turin, Italy. Ahlstrom has been investing in testing and processing equipment in its Global Filtration Technical Center…
PMT Italia S.p.A supplied, installed and started up a SMARNIP® Shoe Press at Cartiera del Chiese S.p.A. - Montichiari Mill. The SMARNIP® Shoe Press was selected in order to optimise the production of smooth and semi-extensible sack kraft paper aiming…
Today, Friday February 3, 2012, the shareholders of UK-based packaging group DS Smith Plc approved the company´s proposal to acquire SCA’s packaging operations, excluding the two kraftliner mills in Sweden. The transaction remains subject, amongst other things, to antitrust clearance…
The latest generation automation technology will allow the plant expand its product range and develop new products Metso has won an order to supply an extensive automation package to French supplier Allimand for the new paper machine to be erected…
Outokumpu confirms that it has reached an agreement in principle in its negotiations with ThyssenKrupp to combine Inoxum, the stainless steel unit of ThyssenKrupp, with Outokumpu under the operational leadership of Outokumpu. This is pending the approval of Outokumpu's Board…
The Nomination Board established by Metso's Annual General Meeting proposes to the next Annual General Meeting, which is planned to be held on March 29, 2012, that the number of Board of Directors members is seven. Proposal on the composition…
The Metso-supplied complete containerboard production line, PM 11, for Saica Containerboard UK Ltd., successfully came on stream on January 15, 2012 at Partington, near Manchester in the United Kingdom. The record-breaking start-up speed was 1,105 m/min with a basis weight…
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