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Showing 27 articles from May 17, 2016.

Reference Library

Earnings Announcements
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Celebrating all things paper: The wonder and the legacy, continued
Celebrating all things paper: The wonder and the legacy, continued

The first class of inductees to the Paper Industry International Hall of Fame was inducted 21 years ago in 1995, and today, more than 100 papermaking innovators and legends have been enshrined. This month, we profile the late Johannes Gutenberg.

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The PM40 closed Friday, 13 May 2016, at 3193.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

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The PM40 closed 13 May 2016 down 7.3% from the 15 May 2015 level.

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Disconnected Comparisons

In this issue of Disconnected Comparisons, we evaluate PCA and Universal Forest Products.

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Insider Trading

Reported insider trading since the last issue of PaperMoney.

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Supplier News

ANDRITZ Starts up Tissue Machine for St. Croix Tissue

Preparations for start-up of the second ANDRITZ tissue machine

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New Valmet-delivered Pulp Drying Lines Started Up at Klabin

Has capacity to produce 1.5 million tons of pulp per year

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Culture & Marketing

Evergreen Packaging Stakes Headquarters in Memphis

Three packaging companies are combining to create a $5.5 billion conglomerate

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JD Irving to Install 'barn board' Line

Plans to be in full production this July

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Pratt Industries Facility in N.Y.

Second largest state-supported solar project in New York City

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Market News of Note

Norbord Provides Update on Fire

The mill should be able to resume production in two weeks

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Production at Cartiera Ciacci Down After Fire

Recycled containerboard production is at a standstill

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Resolute to Shut Down Newsprint Machine

Closure necessary to avoid costly rotating downtime

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Ziegler Papier Closes its Doors for Good

All customer orders will be filled

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Joint Venture

Stora Enso Signs a Joint Technology Agreement with Rennovia

The two companies will cooperate to develop processes for bio-based chemicals

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Labor & Union Actions

International Paper Workers on Strike

On strike following a year of unsuccessful negotiations with the company

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Mergers & Acquisitions

CatchMark Agrees to $102 Million Acquisition

Deal with Forest Investment Associates for 51,700 Acres

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Mutares to Take Over Sonoco's Schweighouse Mill

Annual capacity of approximately 95,000 t of coreboard

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Solenis Completes Acquisition

The integration will broaden its process chemicals offering and expand its geographic presence

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Stella-Jones to Acquire Kisatchie

Purchase price of US$42.5 million

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Stella-Jones to Acquire Lufkin Creosoting

Transaction to close during the second quarter of 2016

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Weyerhaeuser to Sell Cellulose Fibers Pulp Mills to IP

The transaction includes five pulp mills

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Xerium to Acquire J.J. Plank Corporation

Positions Xerium to be one of the leading global suppliers for spreader rolls, tissue embossing rolls, and dandy rolls

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Major Announcements

Rayonier Inc. Releases Rendering of New Headquarters

Will consolidate its 145 employees into a single location

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The trend is definitely not your friend

The CEO of Fairfax Media, one of two dominant print media groups in Australia (News Corporation being the other) spoke the unspeakable at a recent Investor Conference. He signaled an end to weekday print editions of The Sydney Morning Herald and The Age (Melbourne) in the face of falling advertising revenue. He said these iconic papers, which have been in print since 1831 and 1854 respectively, would eventually become weekend-only print publications, as those editions generate 65% of advertising revenue. In a frank assessment the CEO acknowledged accusations of pessimism about print but suggested "it is more a case of being too honest. We prefer telling it like it is and preparing for it". This articulation comes as no surprise to anyone involved in the paper print or media space but until now neither of the two big media groups wanted to be the first to blink...

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Final Word

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

Two Major Companies Switch from Plastic to Paper

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