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Sonoco Products Company today announced it has entered into an agreement to sell its Thermoformed and Flexibles Packaging business ("TFP") to TOPPAN Holdings Inc. for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments.

Arauco, a global forest industry company, has awarded AFRY an EPCM assignment for the Balance of Plant of its new greenfield pulp mill in Inocência, in the state of Mato Grosso do Sul, Brazil.

The world leader in bulk handling solutions, Martin Engineering, has announced fresh expansion in Central Asia with a new business unit in Kazakhstan.

The American Forest & Paper Association (AF&PA) released the November 2024 Printing-Writing Monthly report. According to the report, total printing-writing paper shipments decreased 6% in November compared to November 2023.

The Council of the EU has formally adopted a regulation on packaging and packaging waste. The new rules will significantly reduce the generation of packaging waste by setting binding re-use targets, restricting certain types of single-use packaging and requiring economic operators to minimise the packaging used. The regulation covers the full life cycle of packaging.

Mayr-Melnhof Karton AG (MM) has agreed with Evergreen Hill Enterprise, Pte. Ltd., part of an Indonesian-based privately held group of diversified companies, on the sale of 100% of the shares in TANN Group, headquartered in Traun, Austria, for a cash and debt-free enterprise value of EUR 360 million.

The American Forest & Paper Association (AF&PA) President and CEO Heidi Brock released the following statement in response to New York’s Tropical Rainforest Economic & Environmental Sustainability (TREES) Act (AB 9711):

Holiday gifting season ushers in a flurry of wrapping paper, present packages, and shipping boxes plus good news that Americans are recycling these materials more than ever, according to industry trends bolstered by global leader in sustainable fiber-based packaging DS Smith’s circular infrastructure.

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