Surteco wants to buy surface unit from Omnova Solutions

Surteco Group SE (Buttenwiesen, Germany) signed an agreement with the British company Synthomer plc (Harlow, Essex) to acquire laminates, performance films and coated fabrics activities from the US company Omnova Solutions Inc. (Beachwood, Ohio) on 13 December. The purchase price of US$255m is eight times EBITDA. Last...

The US paper and packaging group WestRock Co., based in Atlanta, Georgia, is to close its mill in North Charleston, South Carolina, which specialises in making different types of kraft paper, by the end of August 2023. The move will also mark its permanent exit from the unbleached saturating base kraft business....

European decor paper mills continue to experience capacity utilisation issues on the back of insufficient order intake from almost all relevant regions and sales segments, converters having adequate amounts on stock and mounting competition from Chinese imports in Central Europe, too. As in previous months, most...