Global Paper Money

Insider Trading

Reported insider trading since the last issue of PaperMoney.

Fibrek and the Saint-Felicien Mill Employee Union Reach Agreement

Paperworkers Union of Canada have voted in favor of a new collective bargaining agreement.

Grays Harbor Paper to Close Facility at Hoquiam, Washington

Grays Harbor Paper has announced the permanent shutdown of the Hoquiam,
Washington facility.

Sappi Fine Paper Europe will cease production of coated graphic paper at its Biberist paper mill.

Forest fires have caused substantial damage to Slave Lake, Alberta, and surrounding areas.

Metso to Supply Woodyards to Duratex in Brazil

Metso will supply complete woodyard equipment and defibrator systems for the two new MDF projects of Duratex S.A. in Brazil.

Metso to Supply Rebuild for Cartones Ponderosa

Metso will rebuild the folding boxboard machine at the San Juan del Río mill in Mexico.

Metso Expanding U.S. Valve Facility

Metso is investing in valve production and services in the United States.

Ilim Group First Quarter Production Results

Ilim Group has manufactured 635,000 tons of market pulp and paper products.

Ilim Group Tests Larch Pulping Processes

Ilim Group notes progress on investment project on cooking pulp from larch wood.

Catalyst Issues Update on Production Downtime

Catalyst Paper indicated that total downtime at its Powell River and Snowflake mills is expected to be 25 days rather than 14.

RockTenn to Close Three Corrugated Container Plants

RockTenn will close three former Smurfit-Stone corrugated container plants.

UPM to Begin Production of Coated Fine Paper Sheets in Finland

UPM will begin the production of coated fine paper sheets at its Kymi mill in Kouvola, Finland, in autumn 2012.

Metsä Tissue's Düren Mill to Produce Baking and Cooking Papers

Metsä Tissue is finalizing the full rebuild of paper machine 5 and related facilities in Düren, Germany.

Nippon Paper Industries Anticipates Restart of Ishinomaki Mill

Nippon Paper Industries will restart the production of printing and publication paper at the Ishinomaki mill by the end of September.

R.R. Donnelley & Sons

R.R. Donnelley & Sons Company has closed an offering of USD 600 million.

The Final Word by Jim Thompson

One other bright spot...

Earnings Announcements

AbitibiBowater Sells Its Interest in ACH Limited Partnership

AbitibiBowater has closed the sale of its 75% indirect interest in ACH Limited.

International Paper to Produce Fluff Pulp at Franklin Mill

International Paper plans to repurpose a portion of its closed mill in Franklin, Virginia, as a fluff pulp mill.

Sappi Southern Africa to Modernize Ngodwana Mill

Sappi Southern Africa plans to expand and modernize the Sappi Ngodwana mill, including the introduction of 210,000 tons/year of chemical cellulose production.

Corner Brook Pulp and Paper Receives Funds for Training

Corner Brook Pulp and Paper Ltd. is receiving CAD 4.3 million for training to boost the mill’s competitiveness.

CPNP Holdings and Philippines Initiate Corn Stalk Paper Project

The Philippines has won a USD 100 million manufacturing project that would convert corn stalks into paper.

Norske Skog Sells Its Shares in Brazilian Energy Company

Norske Skog has entered into an agreement to sell all the shares in the energy company Enerpar to a subsidiary in Brazil.

Microfibrillated cellulose precommercial plant offers lighter and stronger materials for renewable packaging.

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