Global Paper Money

RearView

The PM40 closed 04 May 2012 down 7.4% from the 06 May 2011 level.

Disconnected Comparisons

In this issue we evaluate Stora Enso OYJ and Amcor Limited.

Insider Trading

Reported insider trading since the last issue of PaperMoney.

Turbulence from Europe

By:

Don Meadows, Editor

Elections in Europe signal a shift away from austerity as the primary solution to economic debt, and J.P. Morgan fuels efforts to regulate banking and investment firms.

Baikal Pulp and Paper Mill Seeks Creditor Relief

Baikal Pulp and Paper Mill asks for help from creditors.

Andritz Starts Yankee Dryer Supplied to Doh-Ei in Japan

Andritiz has successfully started up Japan’s first steel Yankee for tissue machines.

International Paper Shedding Some Facilities

More facility closures likely coming for International Paper.

The Final Word by Jim Thompson

Be the last mill standing.

Earnings Announcements

The Times They Are A Changing

By:

Dennis Shore

Appita Conference and Exhibition provides benchmark of how the industry must adapt and reinvent itself to address change

Mercer International Files for NAFTA Arbitration on Canada

Mercer International has filed an arbitration request under NAFTA against Canada.

Resolute Forest Products Holds Additional Shares of Fibrek

Resolute now holds 63.3% of Fibrek shares.

German Recycling Group Alba Acquires Reciclajes Dolaf in Spain

Alba Group is entering the Spanish recovered paper market.

Heinzel to Build New Kraft Paper Machine

Heinzel Group will build a new paper machine at its Pöls site in Austria.

Fibrek Signs Contract to Supply Green Energy

Fibrek has concluded an agreement for the sale of green energy.

UPM Recycles Waste Paper From Drupa Conference

UPM is recycling all printing paper waste collected at the drupa exhibition.

A Victory for Sanity?

By:

James R. Thompson, Executive Editor

U.S. farmers win a small victory.

Insider Trading

Reported insider trading since the last issue of PaperMoney.

PM40

The PM40 closed 20 April 2012 at 2016.14.

RearView

The PM40 closed 20 April 2012 down 5.8% from the 22 April 2011 level.

Disconnected Comparisons

In this issue we evaluate Sonoco Products Company and 3M Company.

NewPage Port Hawkesbury Workers Accept Contract Offer

Agreement moves NewPage Port Hawkesbury closer to re-opening.

Andritz Provides Tissue Machine to Saigon Paper Corporation

Andritz delivers tissue machine to Saigon Paper Corporation

Andritz to Supply Boiler to Tembec

Andritz has received an order from Tembec for a power boiler plant.

Andritz to Supply Boiler to Mondi

Andritz has been selected by Mondi Group to supply a recovery boiler in Austria.

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