Global Paper Money

Voith to Supply Cascades OCC Plant in Niagara Falls, New York

Cascades orders equipment from Voith Paper for new recovered paper plant.

Andritz to Supply a Tissue Machine to Russian Mill

Andritz to supply a tissue machine to LLC Pulp Invest in Russia.

Nueva Papelera de Besaya Closes

Nueva Papelera de Besaya mill to close permanently.

The Final Word by Jim Thompson

Going boldly forward...

Earnings Announcements

What to do About Energy Costs?

By:

Neil McCubbin

Got any cost saving ideas?

UPM Completes Acquisition of Myllykoski

UPM has completed the acquisition of Myllykoski Oyj and Rhein Papier GmbH.

UPM Issues 5 Million New Shares

UPM issues 5 million new shares to the direct and indirect owners of Myllykoski Oyj and Rhein Papier GmbH.

International Paper Extends Tender Offer for Temple-Inland Shares

International Paper extends tender offer for all outstanding shares of Temple-Inland.

Norske Skog Rating Downgraded to Caa1

Moody's downgrades Norske Skog to Caa1.

Forestar Completes Timberland Sale to Plum Creek

Forestar has sold 50,000 acres of timberland to Plum Creek for USD 75 million.

Weyerhaeuser has completed the sale of its hardwoods business to American Industrial Partners.

Oji Paper Considering Purchase of Piracicaba Mill From Fibria

Fibria has offered to sell Piracicaba mill to Oji Paper.

Millar Western Receives Major Funding for Energy Project

Millar Western clean-energy project receives major funding.

UPM will Establish Jointly Owned Forests in Finland

UPM will establish four regional jointly owned forests in Finland using about 2,000 hectares of its own forests.

Andritz to Supply OCC Line for Stora Enso, Poland

Andritz will supply an old corrugated container line to Stora Enso Narew Sp. z o.o. for board machine in Poland.

Quit Rocking the Boat

By:

James R. Thompson, Executive Editor

Actions that promote a stable business environment enable opportunities for economic growth.

PM40

The PM40 closed 22 July 2011 at 2081.31

RearView

The PM40 closed 22 July 2011 up 22.2% compared to the 23 July 2010 level.

Disconnected Comparisons

In this issue we evaluate Hadera Paper Ltd. and MOD-PAC Corporation.

Insider Trading

Shares and prices since last issue.

China Shengda Packaging Group Adds Production Line

China Shengda Packaging Group launches new production line for five-color flexo printing, slotting, and die-cutting.

Sappi Fine Paper Europe Closes Swiss Mill

Sappi Fine Paper Europe announces final closure of Biberist Mill in Switzerland.

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