Global Paper Money

West Fraser Timber Company

West Fraser Timber Co. Ltd. will hold a conference call on 18 February at 8:30 a.m. Pacific Time to discuss fourth quarter 2010 financial results.

Alberta Newsprint has been awarded funds to reduce energy and fresh water consumption.

Cautious Optimism

By:

Don Meadows, Editor

Although world economies are still coping with the effects and after effects of the recent economic crises, industry prospects for 2011 seem to be positive, overall.

PM40

The PM40 closed 07 January 2011 at 1932.24

RearView

The PM40 closed 07 January 2011 up 16.5% compared to the 08 January 2010 level.

Disconnected Comparisons

In this issue of Disconnected Comparisons, we evaluate Amcor Limited (AMCRY) and Domtar Corp. (UFS).

Insider Trading

Reported insider trading since the last issue of PaperMoney reflects sales of 5710 shares at an average price of USD 39.93 per share.

Metso to Supply Biomass Power Plant

Metso will supply Oü Helme Energia with a biomass power plant for combined heat and power production.

AbitibiBowater will host a management conference call and webcast to discuss the emergence from its financial and operational restructuring.

Plum Creek Retires USD 463 Million of Debt

Plum Creek has used the proceeds from its recent USD 575 million, 4.7% bond issuance to prepay USD 463 million of debt.

The Final Word by Jim Thompson

Economic recovery?

Earnings Announcements

Australasian Pulp and Paper – 2010 and Beyond

By:

Dennis Shore

Prospects for the Australasian pulp and paper industry are somewhat positive.

Fraser Papers Restructuring Plan Short of Needed Support

Fraser Papers did not receive the sufficient support from creditors for its proposed restructuring plan.

Rayonier Board Approves Cellulose Specialties Expansion

Rayonier will evaluate the potential conversion of the existing fluff pulp fiber line at its Jesup, Georgia, mill to produce high purity cellulose specialties pulps.

SCA Opens Sales Company for Timber in China

SCA Timber is about to open a sales company in Hong Kong – SCA Timber China; S.E. Asia Ltd.

Holmen Begins Production at Braviken Sawmill

Production is set to start at Braviken sawmill, the largest in Scandinavia.

Verso Paper to Issue USD 360 Million in Notes

Verso Paper Corpoeration and subsidiaries are proposing to issue USD 360 million aggregate principal amount of their second priority senior secured notes.

KapStone and Packaging Corp. today reported that the company prepaid the balance of earn-outs due to International Paper Co.

UPM Timber to Reduce Staffing and Curtail Production

UPM’s Timber has negotiated a staffing reduction and will continue production curtailments.

Tolko Kelowna Veneer to Permanently Close

Tolko Industries Ltd. announced today that it will be permanently closing its veneer operation at Kelowna, British Columbia.

Tembec Announces Capital Investment for Matane Pulp Mill

Tembec announces a capital investment totalling CAD 25.7 million for its pulp mill located in Matane, Quebec.

Smurfit-Stone Container Corporation announced that its U.S. paper mills have been recommended for chain-of-custody certification to the Sustainable Forestry Initiative.

Smurfit-Stone Container Corporation

Smurfit-Stone Container Corporation will announce financial results for the fourth quarter ended 31 December 2010, on 27 January 2011.

Weyerhaeuser Company

Weyerhaeuser Company will release fourth quarter 2010 results on 04 February 2011.

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