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Showing 41 articles from December 7, 2010.

Reference Library

Earnings Announcements
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Departments

Paper Security, Stability Qualities Needed
Paper Security, Stability Qualities Needed
From Wikileaks to Wall Street malfeasance to government regulation, we are seeing the ramifications of moving from a paper age to an electronic age.
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PM40
The PM40 closed 26 November 2010 at 1811.57, down 3.9% from our last report – 05 November 2010.
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RearView
The PM40 closed 26 November 2010 up 24.4% compared to the 27 November 2009 level.
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Disconnected Comparisons
In this issue of Disconnected Comparisons, we evaluate Wausau Paper Corp. (WPP) and Cenveo, Inc. (CVO).
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Insider Trading
Reported insider trading since the last issue of PaperMoney reflects sales of 157,698 shares at an average price of USD 28.79 per share and purchases of 95,114 shares at an average price of USD 12.16 per share.
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Supplier News

Holmen Orders Voith Quality Control Systems
Holmen Paper has commissioned Voith to deliver two quality control systems for its Braviken mill.
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Kadant Receives USD 17.6 Million in Orders From China
Kadant Inc. today announced that it has received orders totaling USD 17.6 million from four containerboard producers in China.
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Metso to Rebuild M-real’s Board Machines
Metso will rebuild two board machines for M-real in Finland to increase capacity
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St. Joe Company to Supply Pulpwood to Smurfit-Stone Container
The St. Joe Company has entered into a new pulpwood supply agreement with Smurfit-Stone Container Corporation.
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Earnings & Dividends

Greif, Inc.
Greif, Inc. plans to release fourth quarter results on 08 December 2010.
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MeadWestvaco Corporation
The board of directors of MeadWestvaco Corporation have declared a quarterly cash dividend to USD 0.25 per share.
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Neenah Paper, Inc.
Neenah Paper, Inc. announced that its board of directors has approved a 10% increase in the annual dividend.
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Corporate Finance

Clearwater Paper Corporation
Clearwater Paper Corp. has extended the early tender deadline for the cash tender offer to purchase any and all of Cellu Tissue Holdings, Inc.
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EACOM Timber Corporation
EACOM Timber Corporation has entered into a CAD 50 million agreement with GE Capital in Canada.
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Voith Hydro Inc.
Preliminary results indicate that Voith Hydro Inc. did not conform to applicable accounting rules.
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Labor & Union Actions

Smurfit-Stone Container in Lockout at La Tuque Mill
Smurfit-Stone Container Corporation announces that the UNIK Local 34 union at the La Tuque, Quebec, mill in Canada rejected the company's contract offer tendered on 10 November.
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Legal

Orient Paper Comments on Audit Committee Results
Orient Paper, Inc. today commented on the results of the independent investigation conducted by the Company's audit committee.
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Major Expenditures

Kruger Products Completes Heat Recovery Installation
Kruger Products announced that an innovative heat recovery technology is now in its Gatineau mill.
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MWV Announces Expansion in Brazil
MeadWestvaco announced a significant investment to its corrugated packaging business in the Brazilian market.
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Stora Enso to Invest in Sachsen Mill
Stora Enso is investing EUR 30 million in its newsprint machine at the Sachsen mill in Germany.
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Mergers & Acquisitions

Fraser Papers Finds New Buyer for Gorham Paper Mill
Fraser Papers Inc. announced today that M&M would not be completing the acquisition of the company's paper mill in Gorham, New Hampshire, USA.
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MWV to Sell Envelope Business to Cenveo
MeadWestvaco Corporation has agreed to sell its Envelope Products Group to Cenveo, Inc. in Stamford, Connecticut.
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Pactiv Stockholders Approve Merger With Reynolds
Pactiv Corporation stockholders approve merger by Reynolds Group Holdings Limited.
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Pöyry Acquires 60% of Brazilian Forest-based Consulting Firm
Pöyry has acquired 60% of the shares of Silviconsult Engenharia Ltda.
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Major Announcements

Domtar Corporation's Completes Start-up of New Fluff Pulp Machine
Domtar Corporation today announced the on-schedule start up of its new fluff pulp machine in Plymouth, North Carolina.
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PMT Italia Expands its Winders Operations
PMT Italia S.p.A. announces the formation of its Finnish subsidiary located in Valkeakoski Finland.
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Rayonier's TerraPointe Subsidiary Gains Land Use Approval in Florida
TerraPointe LLC. recently gained land use approval for its 1800-acre Crawford Diamond Industrial Park.
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UPM Increases Label Paper Capacity
UPM will increase the label paper production capacity at its Tervasaari mill in Valkeakoski, Finland.
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West Fraser Announces CAD 37 Million Upgrade at Hilton Pulp
West Fraser will proceed with an energy efficiency upgrade of the pulp machine at its Hinton Pulp operations.
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Restructurings

AbitibiBowater U.S. Reorganization Plan Confirmed
U.S. Bankruptcy Court has issued an opinion confirming AbitibiBowater's plan of reorganization
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Fraser Papers Seeks Approval for Compromise Debt Relief Plan
Fraser Papers Inc. and its subsidiaries have filed a consolidated plan of compromise.
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Final Word

The Final Word by Jim Thompson
Sixty-nine years ago today, Japan launched an attack on the United States at Pearl Harbor.
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Environmental

Baikal Pulp and Paper Mill Closure Sought
Russian Natural Resources Minister Yury Trutnev has called for the Baikal pulp and paper mill to be closed.
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BC Hydro Purchases Clean Power From Zellstoff Celgar
BC Hydro is now purchasing clean electricity from the Zellstoff Celgar's Green Energy Project.
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Canfor Pulp Announces CAD 100 Million Project Approval
Canfor Pulp Income Fund has received approval for funding of its CAD 100 million capital project at its Northwood pulp mill.
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Georgia-Pacific Increases Forest Protection and Sustainability
Georgia-Pacific LLC is expanding its forest protection and sustainability efforts with an updated policy.
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Plum Creek Timber Company Completes Sales of Forest Lands to Conservancy Groups
Plum Creek has completed the third and final phase of its sale of western forestlands to The Nature Conservancy and The Trust for Public Land.
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TurboSonic Wins USD 1.25 Million Contract
TurboSonic Technologies, Inc. has been awarded a USD 1.25 million contract to reduce particleboard dryer exhaust in Brazil.
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UPM to Use Alternative Transportation in France
UPM inaugurates a terminal for the unloading and storage of suspended calcium carbonate.
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Verso Launches Renewable Energy Project in Maine
Verso Paper Corp. announced today the launch of a USD 40 million renewable energy project at its Bucksport, Maine, mill.
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