I have just come back from a two-week road trip across the United States.
The PM40 closed 23 July 2010 at 1651.86, up 7.9% from the 16 July 2010 close.
The PM40 closed 23 July 2010 up 58.7% compared to the 10 July 2009 level.
In this issue of Disconnected Comparisons, we evaluate Sappi Limited (SPP) and Wausau Paper Corp. (WPP).
Reported insider trading since the last issue of PaperMoney reflects sales of 102,962 shares at an average price of USD 23.63 per share.
Group Andritz has been awarded an order by E.ON to supply a 70 MW steam boiler island using biomass as fuel for E.ON’s Åbyverket power plant in Örebro, one of Sweden’s largest biofuel-fired cogeneration plants.
Andritz has received an order from Arctic Paper Kostrzyn S.A., to supply stock preparation components that will improve the quality of fine paper grades produced at the Kostrzyn mill in Poland.
Munksund intends to optimize and automate the entire process from the drum reell
Market News of Note
Shareholders of Sino-Forest Corporation, a leading commercial forest plantation operator in China, have approved the purchase of 230 million subscription shares in Omnicorp hardwood concession and harvesting rights.
Earnings & Dividends
Bemis Company declares a regular quarterly cash dividend of USD 0.23 per share.
Neenah Paper, Inc. today announced it will issue a press release covering second quarter financial results on 10 August 2010.
Smurfit-Stone Container Corporation will announce financial results for the second quarter ended June 30 on 03 August.
Mergers & Acquisitions
Appleton announced today that it has completed the sale of its Performance Packaging operations
Georgia-Pacific has completed the acquisition of the Alabama River and Alabama Pine pulp mills.
International Paper has reached an agreement to sell 163,000 acres of properties in the southeastern United States.
Appleton expects its paper mill in West Carrollton, Ohio, to return to full production following the recent collapse of some internal structures of a coal silo.
NewPage Corporation today announced that its world-class No. 3 paper machine at its Escanaba, Michigan, mill will manufacture release liner and general purpose label papers.
The Newark Group, Inc., an integrated global producer of 100% recycled paperboard and paperboard products, has obtained court approval of its prepackaged plan of reorganization.
It has been reported the Fortune 500 are sitting on more cash than any time in history, measured by any method one chooses.