Global Paper Money

Holmen to End Production on Paper Machine in Spain

Holmen will close the smaller paper machine, PM 61, at the mill in Madrid, Spain.

Cascades to Consolidate its U.S. Norampac Operations

Cascades is consolidating its Norampac corrugated products operations in the New England region.

Packaging Dynamics Corporation to Close Facility in Chicago

Packaging Dynamics announced a facility consolidation initiative within its BagcraftPapercon food packaging business.

Acadian Timber Corp.

Acadian Timber Corp. is pleased to announce the successful closing of the refinancing of its Canadian and U.S. dollar denominated loan facilities.

Metso to Supply Tissue Line in Morocco

Metso will supply a complete tissue production line to Jeesr Industries for their mill in Berrechid, Morocco.

Mercer Studying Dissolving Pulp Option for Two Mills

Mercer International has completed a preliminary feasibility analysis for possible optional production of dissolving pulp at its Zellstoff Celgar mill in Canada and Stendal mill in Germany.

Vaahtoto to Supply Rebuilds in Dubai and Korea

Vaahto Pulp & Paper Machinery has received significant equipment orders from Dubai and Asia Paper in Korea.

Australian R&D – Relapsed and Depressed

By:

Dennis Shore

It is somewhat ironic that the Australian pulp and paper industry was built on the back of research, development, and innovation but now finds itself characterized by significantly declining investment in R&D.

Lindenmeyr Munroe Acquires Hudson Valley Paper Company

Central National-Gottesman's Lindenmeyr Munroe division has acquired the Hudson Valley Paper Company.

Earnings Announcements

The Final Word by Jim Thompson

Don't be so busy...

China Shengda Packaging Group is purchasing land use rights in Yancheng City, Jiangsu Province, to build a paper manufacturing plant.

Potlatch to Withdraw from Chicago Stock Exchange Listing

Potlatch has announced plans to withdraw the listing of its common stock from the Chicago Stock Exchange.

Cascades to Sell Dopaco to Reynolds Group

Cascades has agreed to sell Dopaco to Reynolds Group for USD 400 million in cash.

UPM - Myllykoski Transaction Proceeds to Second Phase of Review

The Euroepan Union regulatory process concerning UPM's Myllykoski transaction is proceeding to the second phase of review.

Catalyst to Receive Energy Efficiency Funds

Two mills operated by Catalyst Paper in British Columbia will receive from federal funding through Canada's Pulp and Paper Green Transformation Program.

Andritz received an order to supply a fiber preparation system for the MDF plant of Arauco do Brasil S.A. in Jaguariaíva, Brazil.

Andritz has been awarded orders for the supply of fiber lines and chemical recovery systems for mills in India and Laos.

Andritz has been selected to provide a gasification plant to Metsä-Botnia’s Joutseno mill in Finland.

Same Old Song -- Energy

By:

James R. Thompson, Executive Editor

Eventual energy solutions may be found in a ray of sunshine.

PM40

The PM40 closed 18 February 2011 at 2135.73

RearView

The PM40 closed 18 February 2011 up 38.3% compared to the 19 February 2010 level.

Disconnected Comparisons

In this issue of Disconnected Comparisons, we evaluate Brookfield Infrastructure Partners L.P. (BIP) and Graphic Packaging Holding Company (GPK).

Insider Trading

Recent insider trading reflects sales of 132,631 shares at an average price of USD 29.69 per share.

Catalyst Paper’s Snowflake Mill Renews Labor Agreement

Catalyst Paper announced that the United Steelworkers (USW) Local 2688 have ratified renewal of the labor agreement for workers at the Snowflake mill.

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