US-based fibre-based products provider Domtar has signed an asset purchase agreement to acquire point of sale (POS) paper business from Appvion Operations for an undisclosed sum. Under the The post Domtar to acquire Appvion's point of sale paper business appeared first on NS Packaging.
Century Textiles & Industries on Tuesday reported 57.37 per cent decline in consolidated net profit at Rs 35.88 crore for December quarter 2019-20 due to sluggish market conditions. The company had posted a profit of Rs 84.17 crore in October-December period a year ago, Century Textiles & Industries said in a regulatory filing. Total income during the quarter under review was down 7.98 per cent to Rs 882.99 crore as against Rs 959.64 crore in the year-ago period. "While the market has been sluggish our sales have been good and in this quarter we have tapped the e-commerce platform through tie-up with Amazon for textiles at the US market. Our real estate venture has been progressing well and will soon be launching our third residential project in the coming quarter. "The Pulp and Paper division too has been impacted by the global downturn however we are operating at full capacity. We are confident that in the fourth quarter we will see a better all-round performance," he ...
Scientists have developed a novel method that could make it much cheaper to produce biofuels such as ethanol from plant waste, and help reduce the dependence on fossil fuels. The approach features an ammonia-salt based solvent that rapidly turns plant fibres into sugars needed to make ethanol. It works well at close to room temperature, unlike conventional processes, according to the study published in the journal Green Chemistry. "Our pretreatment system can slash -- by up to 50-fold -- the use of enzymes to turn solvent-treated cellulose (plant fibre) into glucose (a sugar) used to make bioproducts like ethanol," said lead author Shishir P. S. Chundawat, an assistant professor at Rutgers University-New Brunswick in the US. "Similar processes could greatly reduce the cost of producing biofuels from waste biomass like corn stalks and leaves," said Chundawat. The solvent can also extract more than 80 per cent of the lignin in plant waste. Lignin, which binds to and fortifies plant ...
The business dispute between the disgraced billionaire Batista brothers in Brazil and the heir to an Indonesian pulp and paper fortune is throwing a wrench in meatpacker JBS SA's plans to list its international operations in the United States.
On Monday, JBS SA accused Paper Excellence of unleashing a lobbying campaign in the United States against its interests, according to a Brazilian court filing.
Coated paper producer Verso has completed the sale of its two speciality papers mills in the US to speciality paper manufacturer and supplier Pixelle Specialty Solutions. The Verso's The post Verso closes sale of two US speciality papers mills to Pixelle appeared first on NS Packaging.
The Confederation of European Paper Industries (CEPI) has appointed a new chairman - Ignazio Capuano. This story continues at Ignazio Capuano appointed new chairman of CEPI Or just read more coverage at Packaging News
Austrian cellulosic fibre producer Lenzing is investing in the construction of the world's largest wood pulp plant in Brazil in a move aimed at growing the company's speciality fibre business and strengthening its market position.