Global Paper Money

PM40

The PM40 closed 24 February 2012 at 2020.87.

RearView

The PM40 closed 24 February 2012 down 3.5% from the 25 February 2011 level.

Disconnected Comparisons

In this issue we evaluate Rock-Tenn Company and USG Corporation.

Insider Trading

Reported insider trading since the last issue of PaperMoney.

Rayonier

Rayonier announces pricing of USD 325 million senior notes offering.

Metso to Upgrade Recovery Boiler for Billerud

Metso will supply a recovery system upgrade for Billerud in Sweden.

PMT Italia to Supply Replacement Suction Rolls in Indonesia

A leading pulp and paper company in Indonesia has selected PMT Italia to replace two suction rolls.

Toscotec to Rebuild PM 2 Tissue Machine for Sipat

Toscotec has received a contract to rebuild the Sipat S.A PM 2 tissue machine in Meknes, Morocco.

Andritz has successfully started up the PM11 tissue paper machine supplied to Hengan Group Chongqing.

Voith to Supply Tissue Plant to SCA Hygiene Products GmbH

SCA Hygiene Products GmbH has placed an order with Voith to supply a complete tissue plant.

Tembec

Tembec announces closing of add-on offering of USD 50 million.

Cascades to Close Plant in Toronto

Cascades continues to consolidate its operations.

The Final Word by Jim Thompson

Never give up the fight.

Earnings Announcements

RockTenn Closes Containerboard Mill in Matane, Quebec

RockTenn announces the permanent closure of its Matane, Quebec, containerboard mill.

Buckeye Technologies Plant Recovering From Power Failure

Buckeye Technologies announced that its Foley plant is returning to normal operation following a power failure.

M-real Corporation moves to discontinue operation of unprofitable lines at the Gohrsmühle mill.

International Paper to Build New Box Plant in Spain

International Paper plans to construct a new corrugated packaging plant in Villalbilla, Spain.

Metso Receives an Arbitration Award od EUR 10 Million

Metso receives an arbitration award of EUR 10 million.

Appleton and Domtar Develop Base Paper Supply Agreement

Appleton and Domtar announce historic supply agreement.

Domtar Completes Acquisition of Attends Europe

Domtar completes Attends Europe acquisition.

Mercer International Mails Offer to Fibrek Shareholders

Mercer International has mailed to the shareholders of Fibrek Inc. its offer and take-over bid circular.

Insider Trading

Reported insider trading since the last issue of PaperMoney.

Uncertainty

By:

Don Meadows, Editor

For the pulp, paper, and forest products industries, uncertainty is a constant factor affecting business decisions.

PM40

The PM40 closed 10 February 2012 at 1968.63.

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