Global Paper Money

Schweitzer-Mauduit International

SWM has completed and signed a new multicurrency revolving bank credit facility.

Norske Skog to Sell its Forest Property in Brazil

Norske Skog is selling its forest areas in Brazil to improve the company's financial position.

Cascades Sells Dopaco to Reynolds Group Holdings Limited

Cascades completes the sale of Dopaco to Reynolds Group for USD 400 million.

UPM to Sell its Lohja Veneer Mill

UPM has agreed to sell its Lohja veneer mill from the plywood business area to the mill’s operative management.

Graphic Packaging International Acquires Sierra Pacific Packaging

Graphic Packaging International has completed its acquisition of Sierra Pacific Packaging.

Powerflute Oyj will dispose of its interests in the Papierfabrik Scheufelen group of companies.

Powerflute’s Savon Sellu Mill to Rebuild Packaging Line

Powerflute’s Savon Sellu mill will halt production for almost two weeks in May for its annual maintenance and packaging line rebuild.

Torraspapel Begins Major Investments at its Montañana Plant

Torraspapel is beginning an ambitious investment program at its Montañana plant.

Insider Trading

Reported insider trading since the last issue of PaperMoney.

IMF’s Prediction

By:

James R. Thompson, Executive Editor

Living in a new world?

PM40

The PM40 closed 22 April 2011 at 2103.452.

RearView

The PM40 closed 22 April 2011 up 11.3% compared to the 23 April 2010 level.

Disconnected Comparisons

In this issue of Disconnected Comparisons, we evaluate Deltic Timber Corporation (DEL) and KapStone Paper and Packaging Corporation.

Metso will rebuild a relocated fine paper machine for the Mexican Grupo Unipak, S.A. de C.V. PT.

Metso to Supply Technology to Suzano Pulp Mil in Brazil

Metso will supply key technology to Suzano pulp mill in Brazil.

Pöyry has been awarded a EUR 8.0 million contract to provide support services for the Eldorado pulp mill project in Brazil.

Catalyst Paper's Snowflake Mill Interrupted by Fire

Catalyst Paper expects both paper machines will be back in production following a fire at the Snowflake mill.

UPM Employees End Two-Week Strike

Salaried employees have ended the two-week strike that started in UPM’s operations in Finland on 06 April.

Fitnir Analyzers Selected to Supply Technology to Tembec

Tembec Pulp Group's Skookumchuck operations has selected Fitnir Analyzers Inc. to control its causticizer processes.

Noss will supply an approach system to Zhanjiang Chenming Pulp and Paper Company for its dissolving pulp production in China.

Glatfelter

Glatfelter has authorized a share repurchase program for up to USD 50 million.

Holmen Paper Madrid Interrupted by Strike

A strike at Holmen Paper Madrid stopped production and customer deliveries.

Weyerhaeuser lumber mill will begin using an 800 kW waste heat recovery system later this year.

Graphic Packaging to Close Cincinnati Facility

Graphic Packaging plans to close its beverage carton facility in Cincinnati, Ohio.

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