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Showing 28 articles from August 18, 2015.

Reference Library

Earnings Announcements
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Departments

Exciting times ahead
Exciting times ahead

One can see in the very near future we will have paper mills that look very different than today...

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PM40

The PM40 closed Friday, 14 August 2015, at 3213.

17 Aug 15 Get the latest PM40 update by listening to the weekly Nips show by Pulp & Paper Radio International.

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RearView

The PM40 closed 14 August 2015 down 1.6% from the 15 August 2014 level.

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Disconnected Comparisons

In this issue of Disconnected Comparisons, we evaluate Schweitzer-Mauduit and Wausau Paper.

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Insider Trading

Reported insider trading since the last issue of PaperMoney.

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Supplier News

Voith Supplies Complete Process Line to Schoellershammer

Will double the manufacturer's current capacity

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Voith's OnQ Profilmatic Reduces Maintenance Costs

Reduces maintenance costs and increases paper quality and machine productivity

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Market News of Note

Bond Deal with Pratt Industries Near

Pratt is using the city's borrowing power to get lower interest rates

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Burgo's Ardennes Mill Down Due to Fire

Extent of the damage is being investigated

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Emin-Leydier's Containerboard Mill Down after Fire

Expects to resume operations on August 17th

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Orient Paper Completes Relocation

Relocation of the digital photo paper production lines was on schedule

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Paperworks to Close Quebec Manufacturing Facility

Many different options were considered

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Schumacher Packaging Mill in Poland Down After Fire

Closed until September or October

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Corporate Finance

Canfor Announces Investment Agreement

Canfor to loan $30,000,000 to Conifex

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Joint Venture

Rayonier Announces Closing of New Zealand Joint Venture

Ownership of New Zealand joint venture expected to increase to approximately 77%

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Labor & Union Actions

KapStone Declares Impasse

Will implement contract unilaterally, union says

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Major Expenditures

Sonoco Plans Expansion in Texas

New equipment, new jobs

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Werner Kenkel to Boost Corrugated Board Capacity

Largest investment programme in the company's history

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Mergers & Acquisitions

Conifex Announces Acquisition of Sawmill Assets

Acquired the El Dorado Mill for total consideration of US$21 million

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Hinojosa Group Buys Idled Sarrià de Ter Mill

40 new jobs at the site and will invest about €25m

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Neenah Completes Purchase of FiberMark

The acquisition is expected to deliver synergies of $6 million per year

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Roseburg Reaches Agreement for SierraPine MDF Facility

Acquisition will bring with it a variety of niche products

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WestRock Announces Acquisition

Total value of this transaction is $288.5 million

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Rationalizations

RR Donnelley to Create Three Independent Publicly Traded Companies

These three independent businesses are expected to deliver strategic and financial benefits

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World Perspectives

Subsidies, Lawyers and all that

The US Department of Commerce has determined that Canadian super-calendered paper imports are "unfairly subsidized" and is applying a duty of 20.33% to paper from the Port Hawkesbury mill, and lesser rates to paper from three other mills. The decision is subject to various review processes, but takes effect immediately in the sense that the duty must be paid and held in trust, pending a final decision. I will not compete with the crowd of Canadian and US lobbyists and lawyers by attempting to analyze the true balance of the subsidy situation, but I have to wonder how anyone can make an honest, rational analysis of what is fair in such a complex issue.

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Final Word

The Final Word by Chuck Swann
The Final Word by Chuck Swann

The Dangerous Allure of the Selfie

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EDA

Economic Development Arguments for August 2015
Economic Development Arguments for August 2015
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