Global Paper Money

The Final Word by Jim Thompson

Quality of perception and credibility is important

Cenveo Completes Refinancing

Cenveo Corp. announced that it obtained a $50 million unsecured term loan due 2017

Xerium Technologies Announces Another Step In Its Restructuring

Xerium Technologies is announcing today the closing of 2 more of its manufacturing plants

Resolute Announces Construction of Sawmill

Resolute Forest Products announces construction of a new sawmill in Atikokan, Ontario

Western Forest Products Inc.'s Continued Progress

Western Forest has entered into a conditional agreement for the sale of its former Woodfibre Pulp Mill site

International Paper Finalizes Transaction

International Paper and Brazilian corrugated packaging producer have finalized the formation of Orsa International Paper Embalagens S.A

Catalyst Paper Completes Sale

Catalyst Paper has completed the US Court approved sale of the Snowflake assets

Plum Creek and The Rockefeller Group to Pursue Development

Global real estate investment and development company announced a memorandum of understanding to evaluate and pursue joint venture development projects

Rayonier to Sell Wood Products Business to Interfor

The sale expected to close in the first quarter

Canfor Corp. Proceeds with Capital Improvement Projects

Capital improvement projects totalling approximately $40 million

KapStone Announces Opening Of New Manufacturing Facility

The 192,000 square foot facility is located 40 miles west of Chicago

UPM has Signed an Agreement

UPM has signed an agreement on the sale of assets and part of the land of the UPM Stracel paper mill site

Vida Paper Takeover Postponed

Lessebo Bruk and Vida Paper need more time to complete the transaction

Vaahto Paper Technology Ltd, has Entered into an Agreement

Vaahto Paper Technology Ltd has entered into an initial agreement for the sale of the Vaahto Paper Technology group's Projects business

Plum Creek Finalizes Long-Term Fiber Supply Agreement

Plum Creek Timber Co. announced it has finalized a long-term fiber supply agreement with Drax

Biocomposite UPM ForMi

Biocomposite UPM ForMi, produced by UPM, will soon replace chipboard as the main raw material

Earnings Announcements

Maybe we should go ‘Google-Less’ in 2013

By:

Steve Roush, Publisher and Editor

Google and other companies should reconsider their participation in the “Go Paperless in 2013” campaign. There’s no reason why electronic and paper-based communication can’t coexist and play nice. Can't we call just get along?

PM40

The PM40 closed Friday, 11 January 2013 at 2197.

4 Feb 13 Get the latest PM40 update by listening to the weekly Nips show by Pulp & Paper Radio International.

RearView

The PM40 closed 11 January 2013 up 22% from the 13 January 2012 level.

Disconnected Comparisons

In this issue we evaluate Domtar Corp. and Kimberly Clark Corp.

Insider Trading

Reported insider trading since the last issue of PaperMoney.

Metso to Divest Metso Husum AB

Metso has divested all its shares of Metso Husum AB to Pichano Holding AB

Norampac's Greenpac Mill Outsources Maintenance

Metso will establish and manage all maintenance systems and procedures at the mill

Rottneros Continues Production

Successful product development results in continued production of groundwood pulp

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