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CHINA – South Korean chemical firm SK Geo Centric has signed an agreement with Zhejiang Satellite Petrochemical (STL) to build its second Ethylene Acrylic Acid (EAA) manufacturing plant in Lianyungang, Jiangsu, China. EAA is a class of high-performance adhesive copolymer resin with bonding performance for dissimilar materials such as metals and plastics, or paper and plastics. The construction of the…
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RUSSIA – A subcommittee of the Russian government commission for control over foreign investment has given the green light for U.S. company International Paper to sell its 50% stake in Swiss holding company Ilim SA. The buyers of the stake are International Paper’s Russian partners Zakhar Smushkin and Boris Zingarevich. Smushkin and brothers Boris and Mikhail Zingarevich also control the…
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NORTH AMERICA – Billerud has promoted deputy president and general counsel for Billerud North America, Kevin Kuznicki, to the post of president of Billerud North America. Kuznicki has been with Billerud since 2021 and is already a member of the company’s group management team. “I am confident that Kevin Kuznicki, with his experience from a variety of positions and industries,…
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ITALY – British multinational packaging business has selected Finnish developer of technologies Valmet to supply it with new containerboard machine to help improve its environmental footprint. The new machine, which is scheduled for start-up in the middle of 2025, will be installed at DS Smith’s Porcari (Lucca) site in Italy. The containerboard machine is said to have extensive packages of…
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UK – Sealed Air Corporation (SEE) has launched Prismiq, a portfolio of solutions for design services, digital printing and connected packaging, focussed on the food supply chain. Prismiq has been designed as a one-stop shop for brand owners to have an easily accessible data set for their customers and allow them to streamline and connect all product information in one…
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