Board Converting News, April 1, 2024

INDUSTRY CALENDAR APRIL 7-8 “Money Doesn't Grow on Trees, but Value Does!” AICC Sales Management Training Palm Desert, California APRIL 8-10, 2024 AICC 2024 Spring Meeting & 10th Annual Independents' Cup Golf Tournament (50th Anniversary) JW Marriott Desert Springs Resort Palm Desert, California APRIL 17-19, 2024 PPC 2024 Spring Outlook & Strategies Conference Omni Frisco Hotel Frisco, Texas MAY 5-8 FTA Forum Lowes Kansas City Hotel Kansas City, MO MAY 6-8 FBA Annual Meeting Ocean Reef Club Key Largo, FL MAY 14-15, 2024 Folding Carton Boot Camp PPC World Headquarters Springfield, Massachusetts MAY 14-16 AI Xperience Hyatt Rosemont Rosemont, IL MAY 29-31 AICC Emerging Leaders Workshop DoubleTree by Hilton Savannah Historic District Savannah, Georgia JUNE 13 AICC Webinar: Digital Printing on Corrugated Packaging and its Impact on Carbon Emissions

Metsä Board Opts Not to Invest In Kaskinen Folding Boxboard Mill Norwalk, Connecticut based Metsä Board announced that it will not proceed with investments in the Kaskinen folding boxboard mill in Finland. The company said that the total cost of the planned investment was significantly higher than originally estimat- ed, meaning that the targets for payback time and return on capital employed would not have been met. Metsä Board says it will write down the costs of the pre-engineering, in total approximately EUR 8 million, treated as an investment, as an item affecting comparabil- ity in the January-March 2024 operating result. Metsä Board has decided to launch programs for new product options as well as growth and development in- vestments at its existing mills to implement its strategy to grow in fiber-based packaging materials and renew its industrial operations. The programs will support Metsä Board's target of fossil-free production by the end of 2030. In addition, the company will continue to develop packag- ing solutions that reduce the use of plastics. At the Husum integrated mill in Sweden, Metsä Board will start a program to introduce new products on the cur- rent white kraftliner production line (BM2). The aim is to find new innovative solutions for the growing food and food service packaging segment. The company continues to plan the renewal of the fiber line at the Husum pulp mill. Metsä Board will also launch a major investment pro- gram to modernize the Simpele board mill. The investments include renewals in the mechanical pulp production, in the pre-drying and coating section of the paperboard machine as well as in the finishing area. The program also includes a new power plant. At the Kyro board mill, an investment program will be launched to improve the performance of the current barrier board and expand its end-use areas. Board Converting News® is published weekly by NV Business Publications, PO Box 802, Manasquan, NJ 08736-0802. Sub- scription Rates in U.S. and Canada: $275 per year or $395 for two years. Overseas rate USD $395 per year. No part of this pub- lication may be reproduced without written permission. Len Prazych - President/Publisher: Robyn Smith - Vice President Sales: Susan Riley - Associate Editor: Greg Kishbaugh - FMN Editor/Sales:

2:00 p.m. Eastern JULY 16-18, 2024 The Foundation for Packaging Education's 2nd Fundraiser Event Silverado Resort & Spa Napa, California JULY 22 AICC Midwest Region Golf Outing St. Charles Country Club St. Charles, Illinois SEPTEMBER 8-12, 2024 TAPPI SuperCorrExpo Orange County Convention Center Orlando, Florida SEPTEMBER 10-12 Labelexpo Americas Donald E. Stephens Convention Center Rosemont, Illinois

Len Prazych - Editor-in-Chief 518-366-9017

Michelle McIntyre - Circulation: Christine Eckert - Admin/Acctng: T.J. Vilardi – Social Media Manager:

Tom Vilardi (1961-2018) - Chairman Ted Vilardi (1933-2013) - Founder ©2024 NV Publications All Rights Reserved.


April 1, 2024

Made with FlippingBook - professional solution for displaying marketing and sales documents online