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.
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).
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.
A Metso-supplied tissue production line came stream at Shandong HengAn Paper's Weifang mill in China on 09 November 2010.
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.
Buckeye Technologies Inc. has scheduled a conference call for 26 January 2011 to discuss second quarter 2011 results.
UPM has prepaid all of the Uruguay Fray Bentos pulp mill investment project loans.
West Fraser announced that it has completed an amendment of its committed
revolving credit facility.
Pope Resources has closed a USD 2.4 million conservation easement sale on nearly 6900 acres in Washington.
Ahlstrom will invest in additional capacity in transportation filtration materials at its site in Turin, Italy.
The government of Canada has announced an investment in Weyerhaeuser Company Limited to help improve the company's energy efficiency.
Ahlstrom has completed its divestment of Ahlstrom Altenkirchen GmbH in Germany to Interface Solutions.
Ainsworth Lumber Co. has entered into an agreement with Grant Forest Products Inc. to indirectly acquire the remaining 50% interest in Footner Forest Products Inc.
Clearwater Paper has completed its acquisition of Cellu Tissue Holdings, a manufacturer of tissue products in Alpharetta, Georgia.
UPM-Kymmene Corporation has entered into an agreement to acquire Myllykoski Corporation and Rhein Papier GmbH.
Enviva LP today announced plans to build a wood pellet manufacturing facility in Ahoskie, North Carolina.
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.