Unbleached packaging paper shipments hit two-year high as operating rate exceeds 90%.
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Acquisition includes three facilities with Euro 74 million in annual sales and 350 employees.
Company completes full acquisition of ASV Packaging and invests over Euro 60 million to boost production capacity and automation.
New facility to produce 200 million bags annually for anchor customer Indocement starting in late 2026.
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.