Norske Skog has entered into an agreement concerning sale of its Klosterøya property.
Wausau Paper will release 2010 fourth-quarter and year-end financial results on 07 February 2011.
Domtar Corp. will release its fourth quarter 2010 financial results on 04 February 2011.
Potlatch Corp.will release fourth quarter 2010 and full year 2010 earnings on 08 February 2011.
Stora Enso is strengthening its leading position in corrugated packaging in the growth markets of Central and Eastern Europe by renewing containerboard capacity at its Ostrołęka mill in Poland.
Canfor Corporation will hold a conference call on 14 February 2011, at 8:00 a.m. Pacific Time.
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.
