Page 17 - PWM2024_February

CONSUMABLES AND PAPER NEWS

WestRock to
Valmet to supply machines to build box plant

Suzano Aracruz Mill announced plans to build a
WestRock Company today
new corrugated box plant in
Pleasant Prairie, Wisconsin,
Valmet will deliver a com- ing equipment. The combi- to meet growing demand
plete tissue production line nation of Valmet’s tissue from customers in the Great
to Suzano’s Aracruz mill in making line, converting Lakes region. The company
Espírito Santo, Brazil. The equipment, mill engineer- intends to close its existing
order includes an Advantage ing, automation systems, plant in North Chicago when
DCT 200 tissue machine and flow control is ensuring construction of the new facil-
with OptiFlo headbox and high product quality while ity is completed.
Yankee cylinder, converting being the most efficient pro-
equipment, an extensive duction line on the market This investment will posi-
automation package, flow The new Valmet Advantage DCT 200 tissue machine today.” tion WestRock to increase its
control valves and Valmet The new tissue making production capabilities and
Industrial Internet solu- ing and tissue converting Executive. “This meets our line will have an annual pro- improve its cost profile in the
tions. lines since its acquisition of needs in terms of business duction capacity of 60,000 Great Lakes region.
The order also includes a Körber’s tissue converting strategy, production capac- tons. The start-up is sched- Construction is estimated to
biomass boiler. business in November 2023. ity, cost efficiency, and sus- uled for the first quarter of cost approximately $140 mil-
The value of the total “Valmet’s state-of-the-art tainability.” 2026. lion and is expected to be par-
order will not be disclosed, solutions will allow us to Rogerio Berardi, Director, Valmet is a leading global tially offset by property sales.
but such an order is typically expand our tissue products Paper business line, South developer and supplier of Construction will begin in
worth around EUR 100 mil- capacity by a new produc- America, Valmet, noted, process technologies, auto- 2024. The new facility is
lion, Valmet said. tion line in Aracruz mill,” “This is Valmet’s first com- mation and services for the expected to Support reduced
This is Valmet’s first com- said Jean Moraes, Suzano’s bined order of tissue pulp, paper and energy manufacturing costs and
bined order for tissue mak- Corporate Engineering machine and tissue convert- industries. waste.
Kadant Inc. acquires KWS for VPK Group’s joint

$84 million venture with IEMME

VPK Group announced
Kadant Inc. has completed
the acquisition of KWS that it has entered a joint
Manufacturing Company, venture with IEMME srl, an
Ltd. for approximately $84 Italian corrugated card-
million in cash, subject to board company based in
certain customary adjust- Gambolo (near Milan), Italy.
ments. The acquisition was IEMME is a leading pro-
financed primarily through ducer of corrugated card-
borrowings under Kadant’s board packaging and sheets VPK Group & IEMME launch JV
revolving credit facility. in Italy. and sheet cardboard, tai-
KWS manufactures screw In 2023, IEMME’s mod-
conveyors, screw feeders, ern plant produced 70 mil- lored to the needs of cus-
slide gates, and bucket eleva- lion m2 of cardboard, tomers in different sectors.
tors for process industries, KWS is a leading manufacturer of conveying equipment employed 100 people and “This new joint venture in
including the food, chemi- generated a revenue of 40 Italy aligns seamlessly with
cals, and wood industries. reporting segment. folios and enhances our million euros. VPK Group’s long-term
Located in Burleson, Texas, “We are pleased to wel- internal capabilities. With VPK explained that the vision and strategy for sus-
with approximately 165 come our colleagues from our shared focus on bringing joint venture enables it to tainable growth and expan-
employees, KWS had reve- KWS to the Kadant family,” highly engineered customer offer a diverse range of sus-
nue of $45 million for the said Jeffrey L. Powell, presi- solutions to process indus- tainable paper-based pack- sion of its vertically
trailing twelve months dent and chief executive tries and our past successes aging solutions in Italy, integrated, value-added
ended September 30, 2023. officer of Kadant. “Our working together, we believe including printed Fanfold, business model across
KWS will become part of acquisition of KWS expands KWS is an excellent fit with digitally printed packaging, Europe, VPK stated in a
Kadant’s Material Handling our respective product port- Kadant.” American and die-cut boxes press release.

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