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Showing 46 articles from February 15, 2011.

Reference Library

Earnings Announcements
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Cabled to Technology
Cabled to Technology
We have become highly dependent on communications technology.
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The PM40 closed 04 February 2011 at 2029.53.
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The PM40 closed 04 February 2011 up 38.1% compared to the 05 February 2010 level.
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Disconnected Comparisons
In this issue of Disconnected Comparisons, we evaluate Boise Inc. (BZ) and P.H. Glatfelter Company (GLT).
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Insider Trading
Reported insider trading since the last issue of PaperMoney reflects sales of 53,000 shares.
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Supplier News

Andritz to Supply Biomass Boiler for Graphic Packaging International, USA
Andritz has been awarded an order by Graphic Packaging International to supply a 350,000 lb/h biomass steam boiler for the company’s mill in Macon, Georgia, USA.
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Chesapeake Stuttgart Installing Heidelberg Press
Chesapeake Stuttgart will install an advanced Heidelberg printing presses later this year.
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Metso Expands its Maintenance Cooperation With SAICA
Metso and SAICA have made an outsourcing agreement on the mill maintenance of Saica Containerboard UK Ltd’s paper mill
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Metso Supplies a Recovery Boiler to Grasim Industries in India
Metso will supply the Harihar Polyfibers unit of Grasim Industries Limited with a recovery boiler.
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Metso to Deliver Gasification Technology to Göteborg Energi AB
Metso will supply a gasifier to sustain new gasification technology to Göteborg Energi AB.
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Metso to Supply Recovery Boiler to Eldorado Celulose e Papel Pulp Mill in Brazil
Metso will supply a new recovery boiler and evaporation plant for Eldorado Celulose e Papel S.A.
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Pöyry Awarded Engineering Assignment by MWV Rigesa in Brazil
Pöyry's Industry business group has been awarded an assignment by MWV Rigesa Ltda., Brazil.
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Sonoco Works With Composite Can and Tube Institute to Make Radial Crush Tester Available
Sonoco has reached and agreement with the Composite Can and Tube Institute to make the company's patented radial crush tester for paper tubes available to the industry.
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Culture & Marketing

UBC and Aikawa Donates Equipment to Advance Low Consistency Refining Research at UBC
UBC and Aikawa open the way for low consistency (LC) refining research.
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Earnings & Dividends

KapStone Paper and Packaging Corporation
KapStone Paper and Packaging Corporation will release its 2010 fourth quarter and full year earnings on 14 February.
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Verso Paper Corporation
Verso Paper Corporation will report financial results for the fourth quarter and year end before the market opens on 03 March 2011.
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Corporate Finance

Arctic Paper S.A.
Arctic Paper S.A. is taking steps to address a net loss of nearly PLN 6.2 million recorded for three quarters of 2010.
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Canexus Income Fund
Canexus Income Fund announces closing of CAD 477 million bought deal secondary offering of trust units.
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Cascades has reached an agreement with a syndicate of banks to amend and renew its credit agreement with improved financing conditions.
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Fortress Paper
Fortress Paper Ltd. has completed its deal offering resulting in aggregate gross proceeds of CAD 57,548,587.
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Neenah Paper
Neenah Paper, Inc. has elected to conduct an early redemption of USD 65 million in notes.
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Major Expenditures

UPPC Poised to Invest in Capital Improvements
United Pulp and Paper Co. Inc. has announced a new round of investments of PHP 5.5 billion in the next five years.
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Mergers & Acquisitions

AbitibiBowater to Sell Indirect Interest in ACH Limited Partnership
AbitibiBowater has signed a binding agreement for the sale of its 75% indirect interest in ACH Limited Partnership.
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Mitsui Acquires All Shares of Hansol PI
Mitsui & Co., Ltd. has acquired all shares in Hansol PI Pty Ltd.
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MWV Sells Envelope Products Business to Cenveo
MeadWestvaco Corporation has completed the sale of its Envelope Products Group to Cenveo, Inc.
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NewPage Sells Mill Property to Niagara Development LLC
NewPage and Niagara Development LLC complete sale of Niagara, Wisconsin, mill property and assets.
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RockTenn and Smurfit-Stone Okayed to Move to Next Step in Acquisition Process
RockTenn and Smurfit-Stone announced that the Federal Trade Commission has granted early termination of the waiting period to proceed with the announced acquisition.
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Suzano Papel e Celulose Acquires Ownership of Fibria Celulose
Suzano Papel e Celulose S.A. has completed the acquisition of ownership Fibria Celulose S.A.
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TimberWest Forest Corporation Acquires Timberland on Vancouver Island
TimberWest Forest Corporation has agreed to acquire 7678 hectares of private timberland on southern Vancouver Island.
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Weyerhaeuser Completes Sale of Timberlands to Hancock Timber Resource Group
Weyerhaeuser Company has sold approximately 82,000 acres of timberlands to the Hancock Timber Resource Group.
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Major Announcements

AbitibiBowater to Permanently Close Paper Production
AbitibiBowater announced today that it will permanently close its paper machine at its Coosa Pines, Alabama operation
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Arauco Set to Complete Final Repairs to Earthquake Damage at Pulp Mill
Arauco making final repairs to Line II at the company’s pulp mill.
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Fire Halts Operations at Norske Skog's Saugbrugs Mill
Fire caused damage to part of the thermo-mechanical pulp plant at Norske Skog's Saugbrugs mill.
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Holmen to Close Paper Machine in Madrid
Holmen Paper will be shutting down production of printing paper at its smaller paper machine in Madrid
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Ilim Group Reports 2010 Production Milestones
Ilim Group’s mills manufactured 2,470,000 tons of pulp and paper products in 2010.
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Metsä-Botnia to Build Gasification Plant at its Joutseno Mill
Metsä-Botnia, part of Metsäliitto Group, has decided to invest in a gasification plant at its Joutseno mill.
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Södra to Close Åtvidaberg Sawmill
Södra has decided to shut down most of its operations at its Södra Timber Åtvidaberg sawmill.
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Verso Paper Corporation Achieves Safety Milestone
Verso Paper Corporation exceeded the company's safety goals for 2010.
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Fraser Papers' Restructuring Plan Approved by Creditors
Fraser Papers Inc. and its subsidiaries announced that creditors of the company approved an amended consolidated plan of compromise.
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A Future in Paper Clothes?
A Future in Paper Clothes?
Is the industry’s future in paper clothes?
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Final Word

The Final Word by Jim Thompson
Nature is not cooperating.
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Alberta Newsprint Receives Funding for Energy Technology
The Canadian government has invested CAD 1.05-million at the Alberta Newsprint Company mill in Whitecourt, Alberta, for energy improvements.
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Burrows Paper Receives FSC Certification
Burrows Paper Corporation is pleased to announce its recent Forest Stewardship Council chain-of-custody certification.
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Tembec Receives Government Funds for Energy Improvements
The Canadian government is giving Tembec CAD 18.9 million for improvements.
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Just in....

AbitibiBowater to Permanently Close Paper Production at Coosa Pines, Alabama, Operation
AbitibiBowater will permanently close its paper machine at its Coosa Pines, Alabama, USA.
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