Capital Projects
Departments
By:
James R. Thompson, Executive Editor
Rock Tenn acquires Smurfit Stone.
The PM40 closed 21 January 2011 at 1943.21.
The PM40 closed 21 January 2011 up 25.9% compared to the 22 January 2010 level.
In this issue of Disconnected Comparisons, we evaluate Bemis Company, Inc.(BMS) and Fibria Celulose S.A. (FBR).
Reported insider trading reflects sales of 10,000 shares at a price of USD 29.00 per share.
Supplier News
Andritz has received an order to supply a new fiberline to Eldorado Papel e Celulose Ltda.
Metso will supply Porvoon Energia with a biomass boiler plant for combined heat and power production.
Pöyry's Industry Business Group has been awarded a basic and detailed engineering contract by Eldorado Celulose e Papel Ltda.
NOREXECO
Buckeye Technologies Inc. announced that its board of directors declared a regular quarterly cash dividend of USD 0.05 per common share.
Cascades expects to release fourth quarter and year-end results before the market open on 24 February 2011.
Deltic Timber Corp. has scheduled a conference call at 10:00 a.m. Central Time on 24 February to review quarterly results.
Orchids Paper Products Company will release 2010 fourth quarter and full year financial results on 23 February 2011.
Stora Enso will record on its operating profit a EUR 21 million negative nonrecurring items in its fourth quarter.
Timber West will hold a conference call on 11 February 2011 at 9:00 am (Pacific)to discuss fourth quarter financial results.
West Fraser Timber Co. Ltd. will hold a conference call on 18 February at 8:30 a.m. Pacific Time to discuss fourth quarter 2010 financial results.
Corporate Finance
Fortress Paper Ltd. has entered into an agreement with a syndicate of underwriters
Kimberly-Clark Corporation today announced the pricing of a USD 700 million senior note offering.
Verso Paper announces preliminary results of tender offer for certain outstanding debt.
Legal
The Briscoe Law Firm, are investigating potential legal claims against the board of directors of Smurfit-Stone Container Corporation regarding the fairness of buyout terms.
Major Expenditures
Stora Enso's and Arauco's joint-venture company, Montes del Plata, will build a new state-of-the-art 1.3 million metric tons per year pulp mill at Punta Pereira in Uruguay.
Stora Enso Wood Products is by constructing a cross-laminated timber production unit in Austria.
Mergers & Acquisitions
RockTenn has reached an agreement to acquire Smurfit-Stone Container Corporation, creating a USD 9 billion leader in the North American paperboard packaging market.
Major Announcements
Ahlstrom's Louveira plant in Brazil was hit by a thunderstorm and flooded.
Domtar Corp. celebrated the start-up of its newly installed 50 megawatt biofueled steam turbine generator at its Marlboro mill in South Carolina.
Orient Paper recently completed the installation of two new energy efficient boilers to replace two old steam boilers.
Final Word
Thank you, loyal readers...
Environmental
Alberta Newsprint has been awarded funds to reduce energy and fresh water consumption.
