Siemens Energy is starting preparations for business area Transformation of Industry to become a standalone company

Siemens Energy is starting preparations for business area Transformation of Industry to become a standalone company

Siemens Energy is starting preparations for the legal and operational separation of its Transformation of Industry business area. The goal is to establish the business as a standalone entity and create a strong, independent industrial energy solutions company. The future setup is intended to provide Transformation of Industry with greater entrepreneurial flexibility and additional options for further growth – ranging from bringing in external investors to a potential capital markets transaction. Siemens Energy intends to deconsolidate the business while retaining a meaningful minority stake to support the business's continued development.

Key takeaways from Fastmarkets' Latin America Forest Products Conference 2026

Key takeaways from Fastmarkets' Latin America Forest Products Conference 2026

The Fastmarkets Forest Products Latin America Conference 2026 concluded in São Paulo on 12 August, gathering more than 50 speakers and around 400 industry participants over two days. Discussions ranged from China's growing influence on global fiber markets to climate risks, investment strategies and the long-term competitiveness of Latin America's forest products sector.

Change in Valmet’s executive leadership team

Change in Valmet’s executive leadership team

Valmet has appointed Max Luedtke as Executive Vice President, Pulp, Energy and Circularity business area and a member of Valmet’s Executive Leadership Team. He will start in his position on September 1, 2026, and will be based in Tikkurila, Vantaa, Finland.

Fastmarkets Forest Products North America and International Containerboard Conference 2026 comes to Chicago

Fastmarkets Forest Products North America and International Containerboard Conference 2026 comes to Chicago

The Forest Products North America and International Containerboard Conference 2026 takes place in Chicago from November 2 to 4, uniting two long-established Fastmarkets conferences into the leading commercial meeting for the global pulp, paper, containerboard and packaging industry. Unlike technical or exhibition-led events, the programme is built around market intelligence, pricing, investment and commercial strategy – the decisions businesses are making now.

International Paper to Close Carrollton South, Texas Packaging Facility

International Paper to Close Carrollton South, Texas Packaging Facility

International Paper, a leader in sustainable packaging, today announced it will close its Carrollton South packaging facility located in Carrolton, Texas by the end of the third quarter of 2026. The decision is part of the company's ongoing work to align its manufacturing footprint with customer demand and strengthen the long-term competitiveness of its North America packaging business.

Kyle Chapman elected Barry-Wehmiller Chairman of the Board

Kyle Chapman elected Barry-Wehmiller Chairman of the Board

Barry-Wehmiller, the privately held, 141-year-old, $4 billion global platform of industrial and packaging automation, professional services and life sciences technology, today announced that Kyle Chapman has been elected Chairman of the Board. In this role, Kyle succeeds his late father, Bob Chapman, who led the company for five decades.

International Paper Continues Strategic Transformation with North America Packaging Network

International Paper Continues Strategic Transformation with North America Packaging Network

International Paper, a leader in sustainable packaging, today announced strategic actions that aim to optimize its network, focus investments on the highest-value opportunities and better serve customers across North America. As a result, the company plans to cease its preprint operations at its Richwood, KY facility, and close its Aurora, IL sheet plant and converting plants in Elk Grove, CA and Barrington, NJ by the end of the third quarter 2026.

Rayonier Advanced Materials Announces the Appointment of Daniel M. Krawczyk as Chief Executive Officer; Company Continues Comprehensive Review of Strategic Alternatives

Rayonier Advanced Materials Announces the Appointment of Daniel M. Krawczyk as Chief Executive Officer; Company Continues Comprehensive Review of Strategic Alternatives

Rayonier Advanced Materials announced today that the Board of Directors has appointed Daniel M. Krawczyk as Chief Executive Officer and President, effective immediately. He will also join the Company’s Board of Directors. Mr. Krawczyk will be responsible for leading RYAM’s operations and business activities while working closely with the Board and its external advisors as part of RYAM’s exploration of strategic alternatives to maximize shareholder value.

Sonoco Returns to FORTUNE 500 List

Sonoco Returns to FORTUNE 500 List

Sonoco Products Company (NYSE: SON), a global leader in high-value sustainable packaging, has returned to the FORTUNE 500 list, a ranking of the largest U.S. companies by revenue. Coming in at #489, Sonoco had sales of $7.8 billion in 2025. With 22,000 teammates, the Company serves customers across paper and metal packaging markets around the world.