Global Paper Money

Papier und Kartonfabrik Varel is Revamping its Paper Machine

Papier und Kartonfabrik Varel is in the process of revamping paper machine no. 4.

Stora Enso plans permanent closure of Kopparfors sawmill and the pellet mill.

International Paper has entered into agreements with L.N. Bangur, and related family members and affiliates to purchase approximately 53.5% of the outstanding shares of Andhra Pradesh Paper Mills.

The Final Word by Jim Thompson

Japanese earthquake ripples through our industry

Earnings Announcements

Cathay Forest Products Applies for Reinstatment of Shares Trading

Cathay Forest Products has applied for reinstatement of trading of its shares on the TSX Venture Exchange.

Rio Tinto to Purchase Eurocan Wharf from West Fraser

West Fraser has entered into an agreement to sell its deep sea wharf in British Columbia to Rio Tinto Alcan.

NewPage Subsidiary Sells Cogeneration Assets to ReEnergy

NewPage subsidiary, Rumford Paper Company, has signed an agreement to sell its cogeneration energy assets

Norske Skogindustrier ASA and CellMark AB have entered into an exclusive marketing agreement for sales in the United States, Canada, and Mexico.

Tembec has closed the sale of its hydro-electric generating assets located in Smooth Rock Falls, Ontario.

Paper Excellence Canada Holdings to Acquire Northern Resources

Paper Excellence Canada Holdings Corp of Vancouver, British Columbia, has reached an agreement to acquire Northern Resources.

Lombard Investments Sells Shares in S.Pack & Print to Oji Paper

Lombard Investments has sold its 23% stake in paper packaging manufacturer, S.Pack & Print Public Company Limited to Oji Paper.

Ahlstrom to Sell Ascoli Mill to Eurocomet

Ahlstrom Corporation has recently agreed to sell the buildings, land, and assets of its Ascoli mill in Italy.

St. Joe Company Deeds 40,975 Acres to Resource Management Service

The St. Joe Company has completed the sale of a 40,975 acre timber deed to an investment fund.

International Paper

International Paper announced an increase in its common stock dividend, from 18 and three quarter cents ($0.1875) per share to 26 and one quarter cents.

Mohawk Joins U.S. EPA SmartWay Transport Partnership

Mohawk Fine Papers has joined the SmartWay Transport Partnership.

EPA Monitoring Continues to Confirm That No Radiation Levels of Concern Have Reached the United States

PM40

The PM40 closed 04 March 2011 at 2072.90

RearView

The PM40 closed 04 March 2011 up 26.6% compared to the 05 March 2010 level.

Disconnected Comparisons

In this issue of Disconnected Comparisons, we evaluate Buckeye Technologies Inc. (BKI) and Greif, Inc. (GEF).

Another Earthquake

By:

Don Meadows, Editor

A powerful earthquake (now rated at 9.0 magnitude) and resulting tsunami have caused widespread destruction in northeast Japan.

Insider Trading

Reported insider trading since the last issue of PaperMoney.

George H. Glatfelter II to Resign as Chairman of Glatfelter

George H. Glatfelter II is resigning as chairman, of Glatfelter, effective 04 May 2011, to be succeeded by Dante C. Parrini.

Domtar Distribution Group is now Ariva

Domtar Distribution Group has changed its name to Ariva.

Conifex Initiates Bioenergy Project for Mackenzie Sawmill

Conifex Timber has initiated an approximately CAD 45 million bioenergy generation project at its Mackenzie sawmill site in British Columbia.

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