Latest news with #tissue
Reuters
2 days ago
- Business
- Reuters
Kimberly-Clark to sell international tissue business in $3.4 billion deal
June 5 (Reuters) - Kimberly-Clark will sell its international tissue business in a deal valued at about $3.4 billion, including debt, to Brazilian pulp maker Suzano ( opens new tab, the Kleenex tissue maker said on Thursday.
Reuters
2 days ago
- Business
- Reuters
Kimberly-Clark nears $3.5 billion sale of global tissue business to Suzano, WSJ reports
June 4 (Reuters) - Kimberly-Clark (KMB.O), opens new tab is nearing a sale of its Kleenex and tissue businesses outside of North America for around $3.5 billion to Brazilian pulpmaker Suzano ( opens new tab, the Wall Street Journal reported, citing people familiar with the matter. A deal could be completed as soon as Thursday, the report said on Wednesday. Reuters could not immediately confirm the report. Kimberly-Clark and Suzano did not immediately respond to requests for comments. Reuters had reported in April citing people with knowledge of the matter that along with Suzano, Southeast Asia's Royal Golden Eagle (RGE) and Asia Pulp & Paper Co (APP) were the final bidders for Kimberly-Clark's international tissue business, valued at around $4 billion. The unit, which was put on the block by Kimberly-Clark as part of a restructuring initiated last year, generates around $500 million in annual earnings before interest, taxes, depreciation, and amortization (EBITDA). The sale is proceeding as U.S. President Donald Trump's broad trade tariffs weigh on Kimberly-Clark's business outlook. The consumer goods company slashed its annual profit forecast due to increased costs in April as a result of the tariffs. In 2022, Suzano announced a deal to buy the Irving, Texas-headquartered company's tissue paper operations in Brazil for an undisclosed sum.
Yahoo
26-05-2025
- Business
- Yahoo
Valmet to supply a fifth Advantage tissue production line to Lila Group in Turkey
Valmet Oyj press release, May 26, 2025, at 11:00 a.m. EEST ESPOO, Finland, May 26, 2025 /PRNewswire/ -- Valmet is to supply a complete Valmet Advantage DCT 200 tissue line to the Turkish tissue manufacturer Lila Group's new mill in Erzurum, in the eastern part of Turkey. The TM 5 line will be equipped with stock preparation, a rewinder, and an extensive automation package to achieve high efficiency and low energy consumption in production. The order was included in Valmet's orders received of the first quarter 2025. The value of the order will not be disclosed. Start-up is planned for 2026. Valmet has previously delivered four Advantage DCT 200 tissue lines to Lila Group's mill in Corlu, Tekirdag, in Turkey. "We have had a long-lasting partnership with Lila Group and are proud to have been part of their success in Turkey from the very beginning. It is an honor to be selected as a partner for the next phase of their expansion journey and to deliver to a brand-new site in Turkey," says Björn Magnus, Sales Director, EMEA, Paper business line, Valmet. Technical information about the delivery The delivery will comprise a complete Valmet Advantage DCT 200 tissue production line with stock preparation equipment and a Focus Reelite 25 ENS Rewinder. The tissue machine is equipped with Valmet Advantage key technology, including a ViscoNip press, a Yankee Dryer, and a SoftReel reel. The scope will include an extensive automation package with a Valmet DNA Distributed Control System (DCS) a Valmet IQ Quality Control System(QCS), and a Valmet IQ Softness Measurement. Start-up, commissioning, and training are also part of the delivery. The new machine, TM 5, will have a width of 5.6 meters and a design speed of 2,200 meters per minute, adding a capacity of 70,000 tons of tissue products for the domestic and export markets. About Lila Group Lila Group is a leading Turkish industrial enterprise headquartered in Istanbul, Turkey. The group operates in four sectors: tissue paper, Fast-Moving Consumer Goods (FMCG), energy, and textile. The factory in Corlu is set to become the biggest tissue manufacturing facility under a single roof in Turkey and the Middle East and North Africa. It employs nearly 1,000 people. VALMET Corporate Communications For further information, please contact:Björn Magnus, Sales Director EMEA, Paper business line, Valmet, tel. +46 703 17 79 83 Valmet has a global customer base across various process industries. We are a leading global developer and supplier of process technologies, automation, and services for the pulp, paper, and energy industries. With our automation and flow control solutions, we serve an even broader base of process industries. Our more than 19,000 professionals worldwide work close to our customers and are committed to moving our customers' performance forward – every day. The company has over 225 years of industrial history and a strong track record in continuous improvement, sustainability, and renewal. Valmet's net sales in 2024 were approximately EUR 5.4 billion. Valmet's shares are listed on the Nasdaq Helsinki, and the head office is in Espoo, Finland. Follow us on | X | X (IR) | LinkedIn | Facebook | YouTube | Instagram | Processing of personal data This information was brought to you by Cision The following files are available for download: 1200x628 Advantage DCT 200 Advantage DCT 200 high View original content:
