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Showing 28 articles from June 21, 2016.

Reference Library

Earnings Announcements
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Departments

Celebrating all things paper: The wonder and the legacy, continued
Celebrating all things paper: The wonder and the legacy, continued

The first class of inductees to the Paper Industry International Hall of Fame was inducted 21 years ago in 1995, and today, more than 100 papermaking innovators and legends have been enshrined. This month, we profile the late John A. Kimberly.

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PM40

The PM40 closed Friday, 17 June 2016, at 3198.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

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RearView

The PM40 closed 17 June 2016 down 4.5% from the 19 June 2015 level.

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Disconnected Comparisons

In this issue of Disconnected Comparisons, we evaluate Rayonier and USG.

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Insider Trading

Reported insider trading since the last issue of PaperMoney.

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Supplier News

Toscotec Supplies Dryer Section Rebuild to Smurfit Kappa

The project is finalized to improve efficiency

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Valmet Delivers System to Greenply in India

The order was included in Valmet's first quarter 2016

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Valmet Receives Repeat Order from Papel San Francisco

Start-up is planned for the second half of 2017

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Valmet to Supply Spray Moisturizer Systems to SAICA

The deliveries will take place during the third quarter of 2016

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Voith to Rebuild Board Machine in Lithuania

The main goals is to increase capacity by 30 % and to improve quality

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Culture & Marketing

Södra's Members Delivers Higher Volumes of Wood

Improved forest management has led to a steady increase

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Market News of Note

Resolute Announces Downtime

11 days of downtime, impacting 184 employees at the operation

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Stora Enso Increases its Fluff Capacity

EUR 26.5 million in Skutskär pulp mill to meet the growing demand

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Major Expenditures

BillerudKorsnäs Invests for Growth and Efficiency

Investment program to strengthen the leading position of the company in kraft papers

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Cascades Invests in the Construction of a Major Tissue Converting Plant

The US$64 million investment includes new state-of-the-art converting lines

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Stora Enso Inaugurates its Consumer Board Mill

Will reach its full production within 18 to 24 months

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Twin Rivers Announces Plans for the Future

Will invest approximately $12 million at its Madawaska facility

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Valmet Invests in Press Felt Production

Investment is to improve the product technology and production capacity

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Mergers & Acquisitions

CatchMark Completes $100.7 Million Acquisition

Acquires 51,700 Acres from Forest Investment Associates

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Georgia-Pacific Buys Reliable Container

250 employees are now part of Atlanta-based Georgia-Pacific

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Sunbelt Forest Products Adds Pressure Treatment Facility

Acquisition of plant will allow market expansion and continued growth

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UFPI Signs LOI to Acquire Certain Assets of Robbins Manufacturing

Stronger powerhouse in the preservative-treated market in the Southeast

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VIDA Acquires Rörvik Sawmill in Tranemo

The change of ownership will take place on September 1, 2016

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Weyerhaeuser to Sell Liquid Packaging Board Business to Nippon Paper

Includes one mill with an annual capacity of 280,000 tons

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Rationalizations

Stora Enso to Close its Suzhou Paper Mill in China

Divestment of assets is approximately EUR 240 million

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World Perspectives

Environmental war

Even if Resolute wins in court, many members of the public will see the issue as a sign that big companies can bully environmental activists, so both Resolute and the industry as whole will suffer. The litigation will probably benefit Greenpeace, since it will be used as a fund raiser. My own first-hand experiences meeting with Greenpeace staff on an issue in Ontario and another issue in Uruguay were very frustrating, due to dishonest public statements by Greenpeace...

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Environmental

Glatfelter Completing $63 Million Natural Gas Conversion

Process began approximately three years ago to meet environmental compliance regulations

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