Yearly Archives: 2016
Sugarmade acquires international paper contracts in Vietnam
(Hanoi, Vietnam, 2 December, 2016) Sugarmade, Inc. announces the purchase of international paper contracts from Bao Coc International Paper and Plastics Limited, located in Vietnam. Under the terms of the asset purchase agreement, Sugarmade will assume contracts for international paper products bound for delivery into the U.S. Sugarmade estimates the acquisition will boost its revenue production by approximately $500,000 to $600,000 annually. Sugarmade also expects the deal to have a significantly positive impact on other portions of its business Read More...
Weyerhaeuser completes sale of cellulose fibers pulp mills to International Paper; company exits cellulose fibers segment
(Seattle, USA, Dec. 1, 2016) Weyerhaeuser Company (NYSE: WY) today announced the completion of the sale of its Cellulose Fibers pulp mills to International Paper for $2.2 billion in cash. Weyerhaeuser expects to use a substantial portion of the $1.6 billion after-tax proceeds for repayment of debt.
The sale, which was announced in May 2016, includes five pulp mills located in Columbus, Miss.; Flint River, Ga.; New Bern, N.C.; Port Wentworth, Ga. and Grand Prairie, Alberta, with a combined total Read More...
International Paper finalizes $2.2 billion purchase of Weyerhaeuser’s pulp business; deal strengthens IP’s position in global fluff pulp market
(Memphis, USA, Dec. 1, 2016) International Paper today announced that it has completed its acquisition of Weyerhaeuser’s pulp business for approximately $2.2 billion in cash, subject to post-closing adjustments. Because the transaction is a purchase of assets, International Paper expects to realize a tax benefit with an estimated net present value of approximately $300 million.
International Paper expects annual synergies of approximately $175 million by the end of 2018, which will require the need for one-time costs of approximately $85 Read More...
Packaging Corp. of America Completes Acquisition of Columbus Container
(USA, Dec. 1, 2016) Packaging Corp. of America today announced that it has completed its acquisition of Columbus Container, Inc., an independent corrugated products producer in a cash-free, debt-free transaction. Funding for the $100 million acquisition came from available cash on hand.
PCA Chairman and CEO Mark Kowlzan said, “Completing the acquisition of Columbus Container is another excellent strategic fit for PCA and we expect to quickly integrate this great organization into our company.”
PCA is the fourth largest producer of Read More...
Pulp firm Södra helps to close ecosystem by returning nutrients to forest via bio-ash
(Stockholm, Sweden, Dec. 1, 2016) Södra said that it has developed a bio-ash that comprises nutrients from forest raw materials and can be produced at the company’s own mills. The material will be used to return nutrients to the forest in order to close the ecosystem and ensure long-term production capacity.
In a press release, the company said, “When extracting raw materials from the forest we also extract nutrients. This usually only occurs to a limited degree since nutrients are Read More...
Former Amazon chief to lead DS Smith’s e-commerce team
(UK, Nov. 30, 2016) DS Smith has appointed Isabel Rocher, former head of EU packaging and shipping supplies at Amazon, to lead its new specialist e-commerce team.
Taking the role of head of e-commerce, Ms Rocher will work on a pan-European basis, spanning the marketing, development and innovation teams to further develop DS Smith’s e-commerce proposition.
Ms Rocher brings with her more than 15 years’ experience working in the packaging, sales and marketing industries. Her most recent role was with Amazon Read More...
Valmet to Adopt 3D Printing Technology in Its Manufacturing Processes
(Helsinki, Finland, Nov. 30, 2016) Valmet has become one of the first technology suppliers to the global pulp and paper industry to adopt 3D printing technology in its manufacturing processes to shorten lead times.
“3D printing, also called additive manufacturing, is an excellent example of an emerging technology that has huge potential to be exploited widely in Valmet in the future. We have taken a big step towards offering next-generation products without being limited by yesterday’s production processes,” says Ari Read More...
Sun Paper’s USD1.3B pulp mill in Arkansas (USA) to make dissolving pulp and not fluff
(Little Rock, Arkansas, USA, Nov. 22, 2016) Sun Paper’s proposed USD1.3 billon pulp mill in Clark County, Arkansas, will manufacture dissolving pulp and NOT fluff pulp as the company had earlier announced. The decision to transition in favor of dissolving pulp was made after the product feasibility studies were completed.
Gov. Asa Hutchinson, left, and Hongxin Li, chairman and founder of Sun Paper, sign a memorandum of understanding after the announcement that the firm will create a $1 billion mill Read More...
Clearwater Paper to close Oklahoma city tissue converting facility and restructure Neenah mill
(Spokane, USA, Nov. 29, 2016) Clearwater Paper Corporation (CLW) today announced the permanent closure of its Oklahoma City converting facility and permanent shutdown of two tissue machines at the company’s Neenah, Wisconsin, tissue facility.
“As an integral step in our overall strategy to optimize our operations through better asset utilization, we will be taking these difficult but necessary actions while delivering on our growth objectives,” said Pat Burke, group president for Clearwater Paper.
Clearwater Paper intends to run its Oklahoma City Read More...
Case Paper Completes Installation of New Sheeter
(New York, Nov. 30, 2016) Case Paper announced that it recently completed the installation of a new Maxson MDH dual knife rotary sheeter. The new sheeter increases capacity by 20 million pounds annually.
The sheeter’s high-speed cutter is outfitted with a reject gate, Tidland Class 3 slitter knives for improved cuts, and a stacker with a scissors-lift load table that can change out skids effortlessly. Moreover, the use of air helps lightweight paper remain jam-free when flowing into the stacker.
“This Read More...
PT-Fajarsurya orders new corrugators from BHS
(Indonesia, Nov. 29, 2016) PT-Fajarsurya, a subsidiary of the Indonesian paper major PT Fajar Surya Wisesa, awarded a contract for 10 corrugators to BHS Corrugated in September this year, two-and-a-half years after BHS established an Indonesia office. The contract was signed on 28th September 2016 and the target capacity is 60,000 tons output per month.
PT Fajar’s currently has an installed capacity of 1,200,000 metric tons per year and range of products including kraft liner board, corrugated medium paper, Read More...
Sappi profit up 91 per cent to $319 million
(Johannesburg, S Africa, Nov. 28, 2016) Sappi’s EBITDA excluding special items for the year was $739 million, an increase of $114 million, or 18%, on the prior year.
Operating profit excluding special items for the year was $487 million compared to $357 million in the prior year. Special items amounted to a gain of $57 million, comprised mainly of a plantation fair value gain as a result of the weaker Rand and the resultant increase in local timber prices.
Sappi’s profit Read More...
Empresas CMPC 3Q EBITDA dropped by 21 per cent
(Santiago, Chile, Nov. 28, 2016) Empresas CMPC 3Q 2016 revenue was $1,245 million, 5% higher compared to 2Q 2016 and stable compared to 3Q 2015. Quarter-on-quarter, revenues rose in the Tissue and Pulp division. The Tissue business benefitted from higher sales volumes and prices as measured in US Dollars, which benefitted from the weaker dollar as well as higher prices in local currencies.
EBITDA totaled $264 million during the 3Q 2016, up 19% quarter-on-quarter, but down 21% year-on-year.
3Q net income Read More...
European Court: Cores are packaging; verdict issued in response to questions from the Paris Commercial Court
(Brussels, Nov. 30, 2016) Cores are defined as packaging. The European Court has confirmed this regulation after two suits were brought by French companies.
The Court of Justice of the European Union has clarified the definition of packaging in two cases referred by French courts. In its judgement, the General Court (previously the Court of First Instance) rules that “roll cores in the form of rolls, tubes and cylinders around which flexible material is wound and sold to consumers” constitute Read More...
FFIF: Finland’s paperboard production up 17.5 per cent in 3Q
(Helsinki, Nov. 30, 2016) Finland's paperboard production grew by as much as 17.5% in the 3Q, to 840,000 tonnes, boosted particularly by new investments in the forest industry. At the same time, paper production declined by 5% and amounted to 1.7 million tones, according to Finnish Forest Industries Federation (FFIF).
Pulp production increased by 11.2% in 3Q 2016to a total of 1.9 million tonnes.
In the 9 months period paper production decreased by of 6.1% to the total production volume of Read More...