Capital Projects
Departments
By:
James R. Thompson, Executive Editor
Living in a new world?
The PM40 closed 22 April 2011 at 2103.452.
The PM40 closed 22 April 2011 up 11.3% compared to the 23 April 2010 level.
In this issue of Disconnected Comparisons, we evaluate Deltic Timber Corporation (DEL) and KapStone Paper and Packaging Corporation.
Reported insider trading since the last issue of PaperMoney.
Supplier News
Tembec Pulp Group's Skookumchuck operations has selected Fitnir Analyzers Inc. to control its causticizer processes.
Weyerhaeuser lumber mill will begin using an 800 kW waste heat recovery system later this year.
Metso will supply upgrades to the Khon Kaen mill of Phoenix Pulp & Paper Company.
Metso will rebuild a relocated fine paper machine for the Mexican Grupo Unipak, S.A. de C.V. PT.
Metso will supply key technology to Suzano pulp mill in Brazil.
Noss will supply an approach system to Zhanjiang Chenming Pulp and Paper Company for its dissolving pulp production in China.
Pöyry has been awarded a EUR 8.0 million contract to provide support services for the Eldorado pulp mill project in Brazil.
Rebuild of Yuen Foong Yu PM 1 at Hsin Wu mill in Taiwan completed.
Suzano Papel e Celulose S.A. has entered into agreements with Metso and Siemens for the acquisition of key equipment for a new mill.
Vaahto machinery rebuilding press section at Stora Enso Ingerois mill.
Culture & Marketing
Alternative Asset Analysis has stated that it welcomes reports of increased Far East demand for U.S. forestry products.
Corporate Finance
Glatfelter has authorized a share repurchase program for up to USD 50 million.
Joint Venture
Södra in agreement with Angara Paper about new Russian pulp mill.
UPM and Vertaris have teamed up to develop a sustainable release liner recycling concept.
Labor & Union Actions
A strike at Holmen Paper Madrid stopped production and customer deliveries.
Salaried employees have ended the two-week strike that started in UPM’s operations in Finland on 06 April.
Legal
Tembec's nonoperating U.S. subsidiary, Tembec USA LLC, has filed a petition seeking relief under Chapter 7.
Major Expenditures
Cascades inaugurates molded pulp production machine and automation at its Forma-Pak plant in central Quebec.
Metsä Tissue will invest EUR 55 million in improvements at its Krapkowice mill in Poland.
SCA is investing in expanded tissue capacity in Russia and Germany and energy improvements in Sweden.
Stora Enso is investing EUR 90 million in improvements to its Skoghall board mill.
Mergers & Acquisitions
Aditya Birla buys Swedish pulp maker for USD 340 million.
RockTenn and Smurfit-Stone to deliver joint proxy statement/prospectus and hold shareholder meetings concerning planned merger.
Major Announcements
Buckeye Technologies will evaluate potentially increasing the high-purity specialty wood pulp capacity of its mill in Florida.
Catalyst Paper expects both paper machines will be back in production following a fire at the Snowflake mill.
Graphic Packaging plans to close its beverage carton facility in Cincinnati, Ohio.
Ilim West (the Koryazhma Branch) has manufactured 268,000 tons of pulp and paper products during the first quarter of 2011.
The Prince Albert pulp mill is open for the first time in five years.
Twin Rivers Paper Company celebrated its first year of operation on 28 April 2011.
Final Word
Hats off to preparedness.
Environmental
AF&PA-led coalition asks U.S. Environmental Protection Agency to stay Boiler MACT and CISWI rules.
