Acadian Timber Corporation will hold its 2010 fourth quarter and year-end conference call and webcast on 09 February 2011.
Packaging Corporation of America will hold a conference call to discuss earnings on 25 January 2011, at 10:00 a.m.
Western Forest Products has completed the exercise of an option to sell its interest in the joint venture with Brookfield Properties.
International Paper will release fourth-quarter and full-year 2010 earnings on 03 February 2011.
MeadWestvaco Corp. will release its fourth quarter and full-year 2010 results on 26 January 2011.
UPM-Kymmene Corporation has entered into an agreement to acquire Myllykoski Corporation and Rhein Papier GmbH.
Cariboo Pulp and Paper Company and BC Hydro have reached an agreement to upgrade its systems to create 160 gigawatt hours of steam-generated clean electricity.
Reported insider trading since the last issue of PaperMoney reflects sales of 1,229,000 shares at an average price of USD 18.47 per share and purchases of 22,000 shares at a price of USD 20.39 per share.
The PM40 closed 24 December 2010 at 1890.89, the highest end-of-week close since the inception of the index in 2004.
The PM40 closed 24 December 2010 up 16.5% compared to the 25 December 2009 level.
In this issue of Disconnected Comparisons, we evaluate 3M Company (MMM) and Deltic Timber Corporation (DEL).
By:
James R. Thompson, Executive Editor
As we jump into 2011, the issue of the year for a global industry such as ours is going to be currency and currency exchange rates.
Norske Skog has signed a long-term contract with Statkraft for supply of power for the paper mill at Skogn, Norway.
It will be more difficult to focus on operational efficiencies in 2011 if headquarters is focused on currency.
West Fraser announced that it has completed an amendment of its committed
revolving credit facility.
UPM has prepaid all of the Uruguay Fray Bentos pulp mill investment project loans.
Enviva LP today announced plans to build a wood pellet manufacturing facility in Ahoskie, North Carolina.
Metso has been awarded a contract to deliver a major rebuild of the PM 9 tissue machine of Svenska Pappersbruket AB’s Klippan mill in Klippan, Sweden.
A Metso-supplied tissue production line came stream at Shandong HengAn Paper's Weifang mill in China on 09 November 2010.
The government of Canada has announced an investment in Weyerhaeuser Company Limited to help improve the company's energy efficiency.
UPM-Kymmene Corporation has entered into an agreement to acquire Myllykoski Corporation and Rhein Papier GmbH.
Clearwater Paper has completed its acquisition of Cellu Tissue Holdings, a manufacturer of tissue products in Alpharetta, Georgia.
Pope Resources has closed a USD 2.4 million conservation easement sale on nearly 6900 acres in Washington.
Ainsworth Lumber Co. has entered into an agreement with Grant Forest Products Inc. to indirectly acquire the remaining 50% interest in Footner Forest Products Inc.
