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Showing 30 articles from October 6, 2015.

Reference Library

Earnings Announcements
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A word of warning
A word of warning

"The Western Kentucky region will soon be hit with all sorts of 'carpet baggers' who will come to the area and promise to do great things with the Wickliffe mill site. Many of them will come to fleece the state and the region for funds to rejuvenate the mill and restore the high paying jobs. Politicians and economic development professionals will want to believe them and will fork over millions of dollars in tax money to them to restore the former glory of the mill. These people will structure their operations in such a way, that after a year or two they will manage to leave with your money and leave you holding the bag."

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The PM40 closed Friday, 2 October 2015, at 2904.

05 Oct 15 Get the latest PM40 update by listening to the weekly Nips show by Pulp & Paper Radio International.

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The PM40 closed 2 October 2015 down 7% from the 3 October 2014 level.

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Disconnected Comparisons

In this issue of Disconnected Comparisons, we evaluate Wausau Paper and Bemis.

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Insider Trading

Reported insider trading since the last issue of PaperMoney.

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Supplier News

Pöyry Awarded EPCM Services Assignment to Fibria

Start-up is planned for the fourth quarter of 2017

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Toscotec Supplies Second Tissue Machines

Will increase the company's tissue production by 42,000 t/y

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Valmet Receives Repeat Order

Tissue lines to be delivered are designed for production of high quality tissue products

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Valmet to Supply a Tissue Production Line to Renova

To increase its paper production capacity by 50%

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Culture & Marketing

Verso Corp. has Confirmed New York Stock Exchange has Suspended Trading

"Abnormally low" is cause for suspension of trading and delisting

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Market News of Note

Europac Halts PM 1 at Dueñas Mill for Rebuild

Project will result in increased production speed

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Expera Announces Exit of Old Town Mill

Decline of the Canadian dollar exchange rate hindrance

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Fire Damages Arauco Facility

Cause of the blaze is under investigation

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Greenpac Mill LLC Officially Opens

Considered the most advanced facility of its kind in North America

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Immediate Accident Investigation at Heinzel Paper

No injuries and no impact on either the environment or the neighborhood

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Lincoln Paper and Tissue Files for Bankruptcy

Estimating it has between $10 million and $50 million in both debts and assets

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Mondi Completes Rebuild of PM21 Paper Machine

To improve quality and overall appearance

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Neenah Paper to Close Mill

40 employees without jobs

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Corporate Finance

Ahlstrom Sold Munksjö Shares Worth EUR 10 Million

1,300,981 shares sold for approximately EUR 10 million

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Major Expenditures

ARAUCO is Analyzing a $325 Million Investment

To be the single largest continuous particleboard press in North America

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Irving Pulp & Paper Mill Modernization Project

World class technology for efficient operations

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Kruger Packaging Invests $250 Million in the Trois-Rivières Mil

Company will convert a newsprint machine to manufacture 100% recycled, lightweight linerboard

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Södra Wood's Hauerseter Facility

The sawmill will remain in operation

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Mergers & Acquisitions

Canfor Corp. to Purchase Anthony Forest Products

Purchase price of $93.5 million

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Catalyst Announces Powell River Land Sale

Approximately 250 hectares of surplus land for $4.5 million

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Plum Creek Completes Sale of Southern Timberlands

98,000 acres of timberlands for approximately $120 million

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Major Announcements

Pratt Opens Newest Recycling Facility

The most advanced MRF in Georgia

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Final Word

The Final Word by Chuck Swann
The Final Word by Chuck Swann

Coal and Pulp and Paper

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Södra Cell Mörrum Meets New Environmental Standards

Södra's major expansion project now being implemented across all three of its pulp mills

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