Global Paper Money

Metso to Deliver Lignin Separation Technology to Domtar's Plymouth Mill

Metso will deliver the first commercial LignoBoost plant to Domtar.

SCA to Invest in Kraftliner Production at Munksund

SCA plans to invest SEK 540 million to strengthen kraftliner production at its Munksund mill.

Canfor Closing Two Facilities in British Columbia

Canfor Corporation is closing its Rustad sawmill and Tackama mill.

Fortress Paper Starts Cellulose Production at Thurso

Fortress Paper commences dissolving pulp production and highlights mill status.

The Final Word by Jim Thompson

New problems in Europe.

Earnings Announcements

Verso Paper Corporation Mum on Increase in Stock Activity

Verso Paper Corporation issued a "no comment" on unusual market activity.

Stella-Jones Acquires Thompson Industries

Stella-Jones completes acquisition of Thompson Industries.

Neenah to Acquire Fine Paper Portfolio From Wausau Paper

Neenah Paper has purchased certain premium brands from Wausau Paper.

Temple-Inland stockholders overwhelmingly approve merger with International Paper.

Resolute Forest Products Offers to Purchase Fibrek Shares

Resolute Forest Products has offered to purchase all the common shares of Fibrek Inc.

Kimberly-Clark to Close Everett Mill After Sale Falls Through

The Everett, Kimberly-Clark mill will be closed shortly.

Verso Paper and Customers Expand Sustainable Forestry in Maine

Verso Paper Corporation announced increase in certified forest in Maine.

Andritz to Rebuild Kraft Paper Machine for SFT Group in Russia

Andritz has received an order to rebuild a kraft paper machin for the SFT Kamenskaya mil in Russia.

Currency Currents

By:

James R. Thompson, Executive Editor

Keeping an eye on Europe...

PM40

The PM40 closed 25 November 2011 at 1608.4.

RearView

The PM40 closed 25 November 2011, down 11.2% from the 26 November 2010 level.

Disconnected Comparisons

In this issue we evaluate MOD-PAC Corporation and Sappi Limited.

Insider Trading

Reported insider trading since the last issue of PaperMoney.

Bowater Mersey Paper Mill Reduces Staffing

Bowater Mersey puts 80 employees out of work.

White Birch Paper Plans to Idle Stadacona Newsprint Mill

White Birch Paper Company will idle its Stadacona newsprint mill.

Södra Interrupts Pulp Production

Södra imposes market shutdown at three pulp mills.

Norske Skog Follum to Close

Norske Skog Follum to close down production.

Fortress Paper Nearing Completion of Mill Conversion Project

Fortress Paper has commenced the start-up phase at its Fortress specialty cellulose mill.

Stora Enso

Stora Enso has signed an extension of its existing EUR 700 million credit facility.

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