News Ticker – May 26, 2010


Fraser Papers to sell New Hampshire paper mill
Toronto-based Fraser Papers, Inc., reaches an agreement Tuesday to sell substantially all assets in the Gorham, NH, paper mill to an investment fund managed by MerchantBanc, LLC (Manchester, NH). Terms of the transaction were not disclosed. The mill currently operates three paper machines and produced 80,000 tons of uncoated freesheet papers and 37,000 tons of towel products in 2009. The deal is expected to close in late July. Fraser Papers remains under creditor protection with its stay of proceedings having been extended by the court to July 9.

Middle East PE, PP resin capacity rising 30% a year
The region is not just the world’s home of crude oil; it’s fast becoming a top producer and exporter of plastic resins. Polyethylene (PE) and polypropylene (PP) resin capacity in the Middle East is predicted to more than double by 2015, according to organizers of the first GPCA Plastics Summit. That event, set for the Grand Hyatt Dubai June 14-16, will cover issues impacting the entire plastics value chain as well as address how the Middle East and global plastics industry is evolving to drive sustainable growth through socially responsible initiatives. More info

Advertisements
This entry was posted in flexible packaging, paper/paperboard/cartons, sustainability and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s