New facility to produce 200 million bags annually for anchor customer Indocement starting in late 2026.
Verpackungspapier und -karton
Two-plant operator in Aichi becomes Rengo affiliate after investment follows 2024 supply agreement.
The deal will add a Longview, Washington, mill with 3 paper machines, about 500 employees and about 1 million tons of annual output.
Lower consumer confidence and spending reduce packaging volumes, while transportation and fuel surcharge volatility increase operating costs.
Nearly 5,300 employees now across 39 countries as fiber-based solutions integrate into existing capabilities.
System targets moisture management to improve board consistency and reduce waste.
Restructuring delivers $8 to $12 million in annualized savings while shipment volumes remain unchanged.
Company operates 19 tube and core plants and five paperboard mills across Europe.
Marco Bertola continues as Global CEO as new ownership promises greater R&D investment and market expansion.
Martin á Porta named Deputy Chair as committee leadership assignments confirmed at constitutive meeting.
Acquisition adds 49,000 ft2 corrugated packaging facility as existing leadership team stays in place.