Cascades to convert former White Birch newsprint mill to recycled containerboard

摘要

Canadian tissue and packaging group Cacades has announced the acquisition of White Birch Paper's Bear Island newsprint mill in the US state of Virginia. The purchase price was put at $34.2m. The company intends to convert production at the mill, which has been idle since mid-2017, from newsprint to recycled container-board. Plans for the project are expected to be finalised and approved in 2019, while production is scheduled to start in 2021.