Abitibi-Consolidated Inc. concluded the transaction, begun earlier this year, to increase its stake in Pan Asia Paper Co. from 33.3 percent to 50 percent.
Pan Asia Paper is one of the largest newsprint producers in Asia. It has an annual capacity of 1.4 million metric tons of newsprint and groundwood paper. The company operates facilities in China, Thailand and South Korea.
Latest from Recycling Today
- Nucor names new president
- DOE rare earths funding is open to recyclers
- Design for Recycling Resolution introduced
- PetStar PET recycling plant expands
- Iron Bull addresses scrap handling needs with custom hoppers
- REgroup, CP Group to build advanced MRF in Nova Scotia
- Oregon county expands options for hard-to-recycling items
- Flexible plastic packaging initiative launches in Canada
