Rating Agency Announcements
Fitch Ratings has assigned a rating of "BBB+" to Celulosa Arauco y Constitucion S.A.'s proposed notes due 2020.
A host of complex social, historical, political, and economic issues underlie the recent debate (or disagreements) in the U.S. Congress over extending Bush-era tax breaks.
The PM40 closed 10 September 2010 at 1665.26, up 5.8% from our last report -- 27 August 2010.
The PM40 closed 10 September 2010 up 18.7% compared to the 11 September 2009 level. Over the same period, the Rydex Equal-Weight S&P 500 Index was up 11.9%.
In this issue of Disconnected Comparisons, we evaluate Stora Enso OYJ (SEOAY) and Amcor Limited (AMCRY).
Reported insider trading since the last issue of PaperMoney reflects sales of 28,392 shares at an average price of USD 42.81 per share and purchases of 1000 shares at a price of USD 14.94 per share.
Metso will perform service and restoration of one recovery boiler at Arauco pulp mill.
Pöyry has been awarded the engineering, procurement, and construction contract for a tall oil plant by Zellstoff Pöls AG in Austria.
Vaahto Pulp & Paper Machinery has received an order for headboxes from Dongguan Jianhui Paper Co. Ltd. and Dongguan Jinzhou Paper Co. Ltd.
Culture & Marketing
Innventia, a research institute, continues to revolutionise the paper business
Anemic housing construction has delayed the expected recovery of pine saw timber prices.
Market News of Note
China Forestry Holdings Co., Ltd. has signed a nonlegally binding letter of intent with the government of Qiandongnan Perfecture to invest in a forest land development project.
Graphic Packaging International,Inc. intends to offer, subject to market conditions, USD 250.0 million aggregate principal amount of senior notes due 2018 in a registered public offering.
AbitibiBowater Inc. has commenced a private offering of CAD 750,000,000 senior secured notes.
Norbord Inc. to purchase approximately 5% of its shares on the Toronto Stock Exchange.
MeadWestvaco Corp., VOW Resources, and Zera Energy today announced a strategic, collaborative development effort.
Ilim Group to invest more than USD 860 million in the Irkutsk Oblast.
Rock-Tenn Company has begun construction on a wood chip mill.
Mergers & Acquisitions
Clearwater Paper Corporation has agreed to acquire Cellu Tissue Holdings, Inc., an integrated manufacturer of tissue products based in Alpharetta, Georgia, USA.
Hadera Paper Ltd. to increase its shares of Mondi Hadera to 75%.
Mitsubishi HiTec Paper Bielefeld GmbH and Mitsubishi HiTec Paper Flensburg GmbH to become Mitsubishi HiTec Paper Europe GmbH.
Trimble has acquired privately-held Cengea Solutions Inc., based in British Columbia.
The Gores Group, LLC to acquire the Cosmopolis high purity cellulose mill from Weyerhaeuser.
Howe Sound Pulp and Paper and BC Hydro have reached an agreement under BC Hydro’s Integrated Power Offer.
Stora Enso will permanently shut down the newsprint machine at its Maxau mill in Germany.
UPM's Timber business will curtail production in Finland during late 2010.
AbitibiBowater has received approval for its plan of reorganization.
Terrace Bay Pulp Inc. has successfully exited from creditor protection.
If ever there was a definition of confusion it must surely be with the array of proposals concocted by different countries for carbon pollution reduction schemes.
I was once again reminded this past Sunday of what a terrible job our industry has done in public relations.
UPM Shotton paper mill hase struck a long-term deal with waste management company PHS Special Contracts to reprocess reject material.
Early Thursday a serious fire started in Amcor Flexibles Europe & America’s (AFEA) plant.
U.S. Senator Amy Klobuchar urged the U.S. International Trade Commission today to address unfair trade practices by foreign paper producers.