Sappi announced that it priced its upsized bond offering to raise approximately USD 705 million equivalent of new senior secured notes.
In this issue of Disconnected Comparisons, we evaluate Clearwater Paper Corp and International Paper Company.
In Canada, we are now seeing a reawakening in pulp, due to the Indonesian Sinar Mas group’s ambitious plans to enter pulp manufacturing here.
Nippon Paper Group has resumed operations suspended as a result of the earthquake centered off the coast of Miyagi Prefecture.
International Forest Products has closed the previously announced public offering of 8,222,500 class A subordinate voting shares.
Stora Enso has signed a loan facility agreement with the International Finance
Corporation.
Catalyst Paper announced that it will curtail production by approximately 5500 metric tons at its Snowflake mill.
EACOM Timber Corporation announced a private placement of 60,000,000 common shares for gross proceeds of CAD 30.0 million.
West Fraser announced that it has entered into an agreement to sell its
Skeena Sawmills Division to ROC Holdings.
Mondi Group today announced its intention to separate its interest in Mondi Packaging South Africa.
Tembec announced that it will proceed with the construction of a pilot plant for the development of a high performance structural product.
TimberWest Forest Corporation has entered into a definitive agreement to be acquired by two leading Canadian pension funds.
Graphic Packaging has entered into a definitive agreement to acquire substantially all of the assets and business of Sierra Pacific Packaging, Inc., a producer of folding cartons, beverage carriers, and corrugated boxes for the consumer packaged goods industry.
Georgia-Pacific has begun the final construction phase at its nearly complete oriented strand board facility at Clarendon, South Carolina.
Holmen has decided to invest in a biofuel boiler at the paperboard mill in Workington, UK
Wausau Paper plans to expand the company's towel and tissue production capabilities.
Ziegler Paper Mill, a manufacturer of fine and specialty papers based in Grellingen, Switzerland, increased net production in 2010 by 5%.
The PM40 closed 25 March 2011 at 2059.85.
The PM40 closed 25 March 2011 up 23.1% compared to the 26 March 2010 level.
In this issue of Disconnected Comparisons, we evaluate Cenveo, Inc. (CVO) and Hadera Paper Ltd. (AIP).
Reported insider trading since the last issue of PaperMoney.
By:
James R. Thompson, Executive Editor
New kinds of turmoil require nimble responses.
