Kruger Inc.

DOLLARAMA ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER

Retrieved on: 
Friday, October 20, 2023
Dollarama, Morgan Stanley, HEC, RBC Capital Markets, Commerce, INSEAD, Risk management, Kruger Inc., Corporation, CFO, CFA, Bachelor of Commerce, TSX, Management

MONTRÉAL, Oct. 20, 2023 /PRNewswire/ - Dollarama Inc. (TSX:DOL) ("Dollarama" or the "Corporation") today announced that Patrick Bui has been appointed Chief Financial Officer ("CFO"), effective December 18, 2023.

Key Points: 
  • MONTRÉAL, Oct. 20, 2023 /PRNewswire/ - Dollarama Inc. (TSX:DOL) ("Dollarama" or the "Corporation") today announced that Patrick Bui has been appointed Chief Financial Officer ("CFO"), effective December 18, 2023.
  • "We are thrilled to have Patrick join our leadership team.
  • His prior experience in CFO roles coupled with his extensive capital markets expertise will serve Dollarama well, as we continue to execute on our growth objectives and commitment to providing consumers with convenience and compelling value," said President and Chief Executive Officer Neil Rossy.
  • Mr. Bui holds an MBA from INSEAD and a Bachelor of Commerce from HEC Montréal, as well as the CFA designation.

Nanocellulose Market size to increase by USD 276.36 million between 2022 to 2027, American Process International LLC, Asahi Kasei Corp., Axcelon Biopolymers Corp., and more among key companies - Technavio

Retrieved on: 
Friday, September 29, 2023
Kruger Inc., Biopolymer, Nano, Detergent, Oxygen, Nanocellulose, USD, NFC, Free, Composite, Paint, MCC, Growth, Pulp (paper), Geography

NEW YORK, Sept. 28, 2023 /PRNewswire/ -- The nanocellulose market size is expected to grow by USD 276.36 million from 2022 to 2027.

Key Points: 
  • NEW YORK, Sept. 28, 2023 /PRNewswire/ -- The nanocellulose market size is expected to grow by USD 276.36 million from 2022 to 2027.
  • In addition, the growth momentum of the market will progress at a CAGR of 14.37% during the forecast period, according to Technavio.
  • Growing demand for nanocellulose in packaging applications is notably driving the nanocellulose market.
  • However, factors such as the high cost of manufacturing nanocellulose may impede market growth.

KP Tissue Releases First Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 11, 2023
Kruger Inc., Partnership, KPT, SG, KP, KPLP, AFH, Sherbrooke, EBITDA, Trust, Acquisition, Traction, MD, SEDAR, Webcast, TSX, Consumer, Adjustment, White, News, Corporate action, Tissue paper, Beauty salon, Cryptocurrency, Holding company, Retail, Security (finance)

MISSISSAUGA, Ontario, May 11, 2023 (GLOBE NEWSWIRE) -- KP Tissue Inc. (KPT) (TSX: KPT) reports the Q1 2023 financial and operational results of KPT and Kruger Products Inc. (Kruger Products).

Key Points: 
  • MISSISSAUGA, Ontario, May 11, 2023 (GLOBE NEWSWIRE) -- KP Tissue Inc. (KPT) (TSX: KPT) reports the Q1 2023 financial and operational results of KPT and Kruger Products Inc. (Kruger Products).
  • The ramp-up of our bathroom tissue line exceeded expectations in the first quarter, while the start-up of our facial tissue and paper machine lines are scheduled for the fourth quarter of 2023 and end of 2024, respectively.
  • Accordingly, Adjusted EBITDA1 in Q2 2023 is expected to be in the range of Q1 2023.
  • KPT will hold its first quarter conference call on Thursday, May 11, 2023 at 8:30 a.m. Eastern Time.

AltaML Appoints Debora Bielecki and Niki Panich to Its Board of Directors

Retrieved on: 
Tuesday, May 9, 2023
Kruger Inc., Bielecki, Private sector, Cleveland Clinic, Hewlett-Packard, Stanford University, Elevance Health, Agriculture, AB, Bank of Canada, Medicine, History, Patient, Physician, Canadian Light Source, Machine learning, Corporation, Knowledge, Growth, Entrepreneurship, AI, Bank, Medical device, Management, Nursing, Silicon

Bielecki and Panich join the ranks of AltaML's existing Board Members—Board Chair Darren Rawson, Mary Cameron, Terry Freeman, Nicole Janssen and Cory Janssen.

Key Points: 
  • Bielecki and Panich join the ranks of AltaML's existing Board Members—Board Chair Darren Rawson, Mary Cameron, Terry Freeman, Nicole Janssen and Cory Janssen.
  • "We are thrilled to have industry powerhouses like Debora and Niki on our board," said Nicole Janssen, Co-Founder and Co-CEO of AltaML.
  • "As well-known thought leaders within the tech and health space, Debora and Niki will be instrumental in advancing growth, expansion, and digital transformation at AltaML."
  • "AltaML is at a point of growth in a sector that I am very passionate about," said Debora Bielecki, newly appointed AltaML Board Member.

Simpcw Resources Group and the Arrow Group of Companies Form a New Partnership in River City Fibre LP

Retrieved on: 
Thursday, May 4, 2023
Kruger Inc., Partnership, Employment, Senior, Secwepemc Nation, Natural Resources, The Weather Network, Acquisition, Paper, SRG, Transport, Employee resource group, Tourism, Simpcw First Nation

The new partnership represents a significant investment in which the Simpcw First Nation is strengthening its involvement in the commercial development of natural resources harvested within Simpcw Territory.

Key Points: 
  • The acquisition transaction closed on May 1, and SRG and the Arrow Group of Companies (the Arrow Group) now operate the facility under a newly formed limited partnership, River City Fibre LP.
  • Ariel shot of River City Fibre LP, with Kruger Inc.'s Kamloops Mill in the background.
  • The Arrow Group is a leader in transportation, logistics, environmental and forest residual management and acquired River City Fibre in 2016.
  • Our contract with River City Fibre helps us achieve our operational and community-focused objectives and we are excited to be developing our relationships with the Arrow Group, SRG, and the Simpcw First Nation."

Nanocellulose Market worth $2.0 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, March 15, 2023
NFC East, Knuth Prize, Porosity, Kruger Inc., Paper, Nippon Paper Industries, MFC, Wood, Food packaging, Automated Processes, Inc., Environment, UPM, NFC, Textile, Speciality chemicals, Pulp (paper), FPInnovations, Nanocellulose

By type, the MFC & NFC segment accounted for the highest share of nanocellulose market during 2022 to 2030.

Key Points: 
  • By type, the MFC & NFC segment accounted for the highest share of nanocellulose market during 2022 to 2030.
  • By raw material, the wood segment accounted for the highest share of nanocellulose market during 2022 to 2030.
  • By application, the paper & pulp segment accounted for the highest share of nanocellulose market during 2022 to 2030.
  • Good business environment and strict regulatory framework supporting sustainable operations is the major driving factor of nanocellulose market in the region.

Nanocellulose Market worth $2.0 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, March 15, 2023
NFC East, Knuth Prize, Porosity, Kruger Inc., Paper, Nippon Paper Industries, MFC, Wood, Food packaging, Automated Processes, Inc., Environment, UPM, NFC, Textile, Speciality chemicals, Pulp (paper), FPInnovations, Nanocellulose

By type, the MFC & NFC segment accounted for the highest share of nanocellulose market during 2022 to 2030.

Key Points: 
  • By type, the MFC & NFC segment accounted for the highest share of nanocellulose market during 2022 to 2030.
  • By raw material, the wood segment accounted for the highest share of nanocellulose market during 2022 to 2030.
  • By application, the paper & pulp segment accounted for the highest share of nanocellulose market during 2022 to 2030.
  • Good business environment and strict regulatory framework supporting sustainable operations is the major driving factor of nanocellulose market in the region.

KP Tissue Releases Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Thursday, March 9, 2023
Corporate action, Partnership, Acquisition, Advertising, Income tax, TAD, KPT, KP, Compensation, AFH, News, Net, Webcast, LDC, Consumer, Growth, TSX, EBITDA, SEDAR, KPLP, Traction, Depreciation, SG, MD, COVID-19, Kruger Inc., White, Adjustment, Trust, Tissue paper, Self storage, Cryptocurrency, Food delivery, Video game, Reinsurance, Security (finance)

MISSISSAUGA, Ontario, March 09, 2023 (GLOBE NEWSWIRE) -- KP Tissue Inc. (KPT) (TSX: KPT) reports the Q4 2022 and full year 2022 financial and operational results of KPT and Kruger Products L.P. (KPLP).

Key Points: 
  • MISSISSAUGA, Ontario, March 09, 2023 (GLOBE NEWSWIRE) -- KP Tissue Inc. (KPT) (TSX: KPT) reports the Q4 2022 and full year 2022 financial and operational results of KPT and Kruger Products L.P. (KPLP).
  • Net loss was $56.9 million in 2022, compared to net income of $42.0 million in 2021, a decrease of $98.9 million.
  • “We are highly encouraged by the ongoing recovery of our financial results in 2022 despite uncertain market conditions and persistent inflationary pressure,” stated KP Tissue’s Chief Executive Officer, Dino Bianco.
  • KPT will hold its fourth quarter conference call on Thursday, March 9, 2023 at 8:30 a.m. Eastern Time.

Kruger Energy is pioneering eco-friendly logistics with its first all-electric trucks hitting the road

Retrieved on: 
Thursday, January 19, 2023
Environment, CO2, GHG, Acquisition, Kruger Inc., Plant, Rail transport, Renewable energy, Transport

The vehicles have been branded with visuals illustrating Kruger Energy's activities related to the development and management of renewable energy power assets.

Key Points: 
  • The vehicles have been branded with visuals illustrating Kruger Energy's activities related to the development and management of renewable energy power assets.
  • The data collected from the electric truck batteries will help further expand our expertise in energy storage, which is critical to renewable energy production.
  • Also, we are already planning to expand our fleet of alternatively fuelled vehicles," said Jean Roy, Chief Operating Officer of Kruger Energy.
  • The company has ordered 50 additional electric trucks, of which 15 to 20 should hit the road within the next 24 months.

Kruger Products to shut down older production assets in Memphis

Retrieved on: 
Monday, November 14, 2022
Pressure, Public expenditure, KPT, Plant, Partnership, Employment, Kruger Inc., TSX, White, Insurance, Information technology, Sherbrooke, USD, Tonne, Intellectual property, COC, Growth, SEDAR, COVID-19, Christmas Away from Home, Security (finance), Risk management

MISSISSAUGA, Ontario, Nov. 14, 2022 (GLOBE NEWSWIRE) -- KP Tissue Inc. (KPT) (TSX: KPT) and Kruger Products announced today that it will shut down certain older and inefficient production assets including a Light Dry Crepe paper machine and six converting lines in early January, 2023 in Memphis, Tennessee.

Key Points: 
  • MISSISSAUGA, Ontario, Nov. 14, 2022 (GLOBE NEWSWIRE) -- KP Tissue Inc. (KPT) (TSX: KPT) and Kruger Products announced today that it will shut down certain older and inefficient production assets including a Light Dry Crepe paper machine and six converting lines in early January, 2023 in Memphis, Tennessee.
  • The Memphis plant is operated by Kruger Products subsidiary, K.T.G.
  • While this is a difficult decision, it is necessary to ensure the continued success, competitiveness, and growth of our Memphis plant.
  • The shutdown of these older assets will improve our operating efficiencies and have a positive impact on the profitability of our Memphis operations.