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Showing 24 articles from March 15, 2011.

Reference Library

Earnings Announcements
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Departments

Another Earthquake
Another Earthquake
A powerful earthquake (now rated at 9.0 magnitude) and resulting tsunami have caused widespread destruction in northeast Japan.
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PM40
The PM40 closed 04 March 2011 at 2072.90
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RearView
The PM40 closed 04 March 2011 up 26.6% compared to the 05 March 2010 level.
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Disconnected Comparisons
In this issue of Disconnected Comparisons, we evaluate Buckeye Technologies Inc. (BKI) and Greif, Inc. (GEF).
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Insider Trading
Reported insider trading since the last issue of PaperMoney.
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Supplier News

Metso to Supply Tissue Line in Morocco
Metso will supply a complete tissue production line to Jeesr Industries for their mill in Berrechid, Morocco.
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Vaahtoto to Supply Rebuilds in Dubai and Korea
Vaahto Pulp & Paper Machinery has received significant equipment orders from Dubai and Asia Paper in Korea.
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Market News of Note

Potlatch to Withdraw from Chicago Stock Exchange Listing
Potlatch has announced plans to withdraw the listing of its common stock from the Chicago Stock Exchange.
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Corporate Finance

Acadian Timber Corp.
Acadian Timber Corp. is pleased to announce the successful closing of the refinancing of its Canadian and U.S. dollar denominated loan facilities.
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Major Expenditures

China Shengda Packaging Group Acquires Land Use Rights for New Facility
China Shengda Packaging Group is purchasing land use rights in Yancheng City, Jiangsu Province, to build a paper manufacturing plant.
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Mergers & Acquisitions

Cascades to Sell Dopaco to Reynolds Group
Cascades has agreed to sell Dopaco to Reynolds Group for USD 400 million in cash.
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Lindenmeyr Munroe Acquires Hudson Valley Paper Company
Central National-Gottesman's Lindenmeyr Munroe division has acquired the Hudson Valley Paper Company.
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UPM - Myllykoski Transaction Proceeds to Second Phase of Review
The Euroepan Union regulatory process concerning UPM's Myllykoski transaction is proceeding to the second phase of review.
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Major Announcements

Conifex Initiates Bioenergy Project for Mackenzie Sawmill
Conifex Timber has initiated an approximately CAD 45 million bioenergy generation project at its Mackenzie sawmill site in British Columbia.
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Domtar Distribution Group is now Ariva
Domtar Distribution Group has changed its name to Ariva.
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Holmen to End Production on Paper Machine in Spain
Holmen will close the smaller paper machine, PM 61, at the mill in Madrid, Spain.
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Mercer Studying Dissolving Pulp Option for Two Mills
Mercer International has completed a preliminary feasibility analysis for possible optional production of dissolving pulp at its Zellstoff Celgar mill in Canada and Stendal mill in Germany.
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Packaging Dynamics Corporation to Close Facility in Chicago
Packaging Dynamics announced a facility consolidation initiative within its BagcraftPapercon food packaging business.
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Restructurings

Cascades to Consolidate its U.S. Norampac Operations
Cascades is consolidating its Norampac corrugated products operations in the New England region.
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World Perspectives

Australian R&D – Relapsed and Depressed
Australian R&D – Relapsed and Depressed
It is somewhat ironic that the Australian pulp and paper industry was built on the back of research, development, and innovation but now finds itself characterized by significantly declining investment in R&D.
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Final Word

The Final Word by Jim Thompson
Don't be so busy...
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Environmental

Catalyst to Receive Energy Efficiency Funds
Two mills operated by Catalyst Paper in British Columbia will receive from federal funding through Canada's Pulp and Paper Green Transformation Program.
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Just in....

George H. Glatfelter II to Resign as Chairman of Glatfelter
George H. Glatfelter II is resigning as chairman, of Glatfelter, effective 04 May 2011, to be succeeded by Dante C. Parrini.
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