Capital Projects
Departments
By:
James R. Thompson, Executive Editor
New kinds of turmoil require nimble responses.
The PM40 closed 25 March 2011 at 2059.85.
The PM40 closed 25 March 2011 up 23.1% compared to the 26 March 2010 level.
In this issue of Disconnected Comparisons, we evaluate Cenveo, Inc. (CVO) and Hadera Paper Ltd. (AIP).
Reported insider trading since the last issue of PaperMoney.
Supplier News
International technology Group Andritz has been awarded an order by Hämeenkyrön Voima Oy.
Canfor Corp. has selected FITNIR Analyzers Inc. to supply and install advanced infrared measurement technology at their Intercontinental pulp mill.
Clearwater Paper Corporation has selected Metso Corporation to manufacture its new through-air-dried tissue machine.
Kadant Johnson Systems has expanded its audit services for dryer systems to now include water management studies
Metso will supply SIA Graanul Invest with a biomass power plant for combined heat and power production in Latvia.
Pöyry's Industry business group has been awarded services contracts by Montes del Plata for the integration of a greenfield pulp mill in Punta Pereira, Uruguay.
SGD Holdings, Ltd. today announced that the company on 08 March 2011, entered into an agreement with Aclor, Inc., for raw materials.
Russian JSC Syassky mill invests in a new Toscotec tissue line.
Vaahto Pulp & Paper Machinery has received an order from Stora Enso for its Imatra mill in Finland.
Market News of Note
Cathay Forest Products has applied for reinstatement of trading of its shares on the TSX Venture Exchange.
NOREXECO
International Paper announced an increase in its common stock dividend, from 18 and three quarter cents ($0.1875) per share to 26 and one quarter cents.
Corporate Finance
Sino-Forest Corp. announced that its wholly-owned subsidiary, Sino-Panel (China) Investments Limited, has officially accepted a 15-year term loan facility.
SWM has authorized the repurchase of up to USD 75 million in SWM common stock.
Joint Venture
Norske Skogindustrier ASA and CellMark AB have entered into an exclusive marketing agreement for sales in the United States, Canada, and Mexico.
Mergers & Acquisitions
Ahlstrom Corporation has recently agreed to sell the buildings, land, and assets of its Ascoli mill in Italy.
International Paper has entered into agreements with L.N. Bangur, and related family members and affiliates to purchase approximately 53.5% of the outstanding shares of Andhra Pradesh Paper Mills.
Lombard Investments has sold its 23% stake in paper packaging manufacturer, S.Pack & Print Public Company Limited to Oji Paper.
NewPage subsidiary, Rumford Paper Company, has signed an agreement to sell its cogeneration energy assets
Paper Excellence Canada Holdings Corp of Vancouver, British Columbia, has reached an agreement to acquire Northern Resources.
West Fraser has entered into an agreement to sell its deep sea wharf in British Columbia to Rio Tinto Alcan.
The St. Joe Company has completed the sale of a 40,975 acre timber deed to an investment fund.
Tembec has closed the sale of its hydro-electric generating assets located in Smooth Rock Falls, Ontario.
Major Announcements
Domtar announced it will permanently shut down one of four paper machines at its Ashdown, Arkansas, pulp and paper mill.
The Fibrek mill in Saint-Félicien, Quebec, will receive CAD 6.1 million under the Pulp and Paper Green Transformation Program to help the mill modernize its facility and enhance its environmental performance.
Papier und Kartonfabrik Varel is in the process of revamping paper machine no. 4.
Sappi Fine Paper Europe is considering closing its Biberist mill in Switzerland.
Stora Enso plans permanent closure of Kopparfors sawmill and the pellet mill.
Final Word
Japanese earthquake ripples through our industry
Environmental
Mohawk Fine Papers has joined the SmartWay Transport Partnership.
EPA Monitoring Continues to Confirm That No Radiation Levels of Concern Have Reached the United States
Just in....
Misubishi Paper Mills has assessed damages to date from the March earthquake and tsunami in Japan.
