Never underestimate Mother Nature, nor the need for disaster planning and preparation.
The PM40 closed 22 April 2011 at 2081.91.
The PM40 closed 06 May 2011 up 29.0% compared to the 07 May 2010 level.
In this issue, we evaluate Domtar Corp.
and Kimberly-Clark Corporation.
Reported insider trading since the last issue of PaperMoney.
Supplier News
Andritz has received an from Holmen AB’s subsidiary, Iggesund Paperboard Ltd., to deliver a wood-based biomass receiving and handling system for Iggesund’s paperboard mill at Workington in Cumbria, UK.
Kadant announced that its Kadant Lamort SAS subsidiary has received an order for a stock-preparation system.
Corporate Finance
Domtar to repurchase shares of common stock.
SWM has completed and signed a new multicurrency revolving bank credit facility.
Labor & Union Actions
The United Steelworkers and International Paper have ratified a four-year master agreement.
Following a breakdown in labor discussions, Tembec unionized employees did not report to work Masy 10 at the mill in Matane, Quebec.
Major Expenditures
Powerflute’s Savon Sellu mill will halt production for almost two weeks in May for its annual maintenance and packaging line rebuild.
Torraspapel is beginning an ambitious investment program at its Montañana plant.
Mergers & Acquisitions
Cascades completes the sale of Dopaco to Reynolds Group for USD 400 million.
Graphic Packaging International has completed its acquisition of Sierra Pacific Packaging.
Norske Skog is selling its forest areas in Brazil to improve the company's financial position.
Powerflute Oyj will dispose of its interests in the Papierfabrik Scheufelen group of companies.
UPM has agreed to sell its Lohja veneer mill from the plywood business area to the mill’s operative management.
Major Announcements
Domtar Corporation will permanently shut down one of four paper machines at its mill in Ashdown, Arkansas.
Fortress Paper provides general update relating to its operations.
Ilim Group mills in Siberia have manufactured 367,000 tons of pulp and paper products during the first quarter of 2011.
M-real plans new measures to eliminate financial losses of its paper business.
Sonoco has begun rebuilding its molded wood plug operations, which were lost to fire in November 2010.
Restructurings
Stora Enso's Fine Paper is re-evaluating its working methods to increase cost competitiveness.
Closures/Reductions
Attitudes, economics, and markets could yet undermine proposed Gunns' mill.
Final Word
Planning for an inflationary future?
