3 minute read
NEWS IN BRIEF
This is a preview. For the full articles, charts, and updates, read Tissue World Magazine—fully downloadable here or available in the web version at tissueworldmagazine.com. Stay connected with us: TWM – The Independent News Provider for the Global Tissue Market.
------
A roundup of news from across the global tissue industry. To get the very latest news go to www.tissueworldmagazine.com
Turkey
“ONE OF THE DOYENS OF THE SECTOR”: HAYAT KIMYA GLOBAL TISSUE PRODUCTION DIRECTOR
LÜTFI AYDIN PASSES
Mr. Lütfi Aydın, who dedicated over 41 years to the tissue production industry, with nearly 20 years as the Global Tissue Production Director at Hayat Kimya, passed away on 23 September.
Having joined Hayat Kimya in 2004, Mr. Aydın oversaw the expansion of the company’s tissue business across Türkiye, Russia, Iran, and Egypt.
The company said: “We are deeply saddened by the passing of our esteemed Global Director
Mr. Lütfi Aydın, one of the doyens of the sector. He achieved numerous successes in the tissue production sector for 41 years, and in Hayat’s tissue production activities and many projects for nearly 20 years. Our esteemed Global Director Lütfi Aydın has left deep traces in all of our hearts, not only with his dedication to his work and superior competencies, but also with his kind personality and leadership. He has guided and trained many people and has contributed greatly to the success of our company today. As the Hayat family, we will continue to keep all his efforts alive.”
South Korea
APP TO ACQUIRE SOUTH KOREA’S MONA LISA, SSANGYONG C&B, AND MSS GLOBAL
Indonesia’s Asia Pulp & Paper (APP) has signed a contract to acquire South Korean tissue manufacturers Mona Lisa, Ssangyong C&B and MSS Global from Morgan Stanley Private Equity (MSPE), in a move said to be worth 400bn won ($292m).
MSPE had purchased the two companies for 250bn won in 2013. It has now announced an agreement with APP to sell a 100% stake in MSS Holdings, the major shareholder of Monalisa and Ssangyong C&B. The deal is yet to be finalised.
The tissue manufacturers produce toilet paper brands including Mona Lisa and CODI.
America
GP COMPLETES $550M GREEN BAY EXPANSION
Georgia-Pacific (GP) has boosted production of its Brawny and premium private label paper towel offerings after completing a $550m expansion at its Green Bay Broadway plant. The investment includes the installation of a TAD paper machine supplied by Valmet, and three converting lines with PCMC as the main converting supplier.
The lines will be used to produce Brawny paper towels and other premium private label brands for the retail market.
Efficiency by (...)
