News & Events
Suzano to purchase 75,000 hectares of forest assets; to meet the demand from the expansion in pulp production
(Sao Paulo, Brazil, Nov. 08, 2016) Suzano Papel E Celulose S.A. entered into with Companhia Siderúrgica Vale do Pindaré and with COSIMA - Siderúrgica do Maranhão Ltda. an agreement for the purchase of forest assets, purchase and commitment to purchase rural properties and other covenants.
The assets acquired include approximately 75,000 hectares of properties in Brazilian states of Maranhão and Tocantins, of which approximately 40,000 hectares is arable land; and planted forests on said arable lands.
The total price is an Read More...
Ahlstrom and Munksjö Announce Proposed Merger
(Nov. 7, 2016) The Boards of Directors of Munksjö Oyj and Ahlstrom Corporation announced the combination of the two companies through a merger. The proposed combination of the two companies would have preliminary combined annual net sales of approximately EUR 2.2 billion and adjusted EBITDA of EUR 249 million. (Based on the twelve months ended 30 September 2016. Excluding merger effects and Ahlstrom’s divestment of Osnabrück).
The deal will be implemented as a statutory absorption merger whereby Ahlstrom will be Read More...
Nine Dragons’ sales increased by 6.6 per cent in FY2016
(Hong Kong, Oct. 27, 2016) The Board of Directors of Nine Dragons Paper (Holdings) Limited announced the audited consolidated results for the year ended 30 June 2016.
Both sales volume and sales revenue of the Group hiked to historical high once again during the Year: total sales volume reached approximately 13.1 million tonnes, increased by 7% year-on-year, bringing approximately RMB 32,092.8 million in sales, an increase of 6.6% year-on-year.
Although the sales growth rate was slightly lower than the sales volume Read More...
Slowdown Prompts China’s Pulp and Paper Producers to Consolidate, Invest Overseas
(Boston, Nov. 7, 2016) As China’s economic boom has slowed in recent years, its pulp and paper sector has responded with significant shifts in strategy. Mergers, overseas expansion, deleveraging and new product development have become priorities for China’s pulp and paper producers. Providing much-needed detail about this vital sector is the China Pulp and Paper Factbook, a new publication from RISI, the leading source of intelligence for the global forest products industry.
“The slowdown is bringing big changes for Read More...
Klabin SA 3Q16 market overview: “lackluster hardwood pulp prices”
(Sao Paulo, Brazil, October 27, 2016) 3Q16 HIGHLIGHTS:
• Paper and packaging sales volume amounted to 472 thousand tonnes, a 2% increase in relation to 3Q15 and 5% in relation to 2Q16. On the back of FX rate changes during the quarter, paper and packaging sales to the domestic market increased 4% in relation to 2Q16.
• Since start-up in March, pulp sales from the new Puma Unit in the city of Ortigueira (PR), continued to develop, totaling 315 thousand tonnes, a 74% Read More...
Research efforts to ensure more energy-efficient papermaking
(Stockholm, Sweden, 31 October 2016) The Swedish Energy Agency has recently awarded a grant of MSEK 11 to develop and demonstrate new dewatering processes for papermaking that can eventually be scaled up. Innventia is coordinating the three-year project that is now gathering momentum.
Hannes Vomhoff, Eva Ålander, Maria Sedin and Mattias Drotz at Innventia all have important roles in the project.
The project aims to develop and demonstrate new, more energy-efficient process solutions on a pilot scale, which it is thought Read More...
Kruger’s #PM10 rebuild project on budget and on time; will manufacture recycled lightweight linerboard
(Canada, Nov. 04, 2016) Kruger’s No. 10 Paper Machine (PM10) rebuild project is proceeding on time and on budget, as revealed by Kruger Inc. during a press briefing held this Thursday, November 3, 2016, at the Trois-Rivières Mill. The company offered a behind-the-scenes look at the construction site of this the large-scale project that represents 500,000 person-hours of work over 20 months.
Once the project is completed in May 2017, the mill will start manufacturing 100% recycled lightweight and high-strength Read More...
Ence’s 3Q adjusted EBITDA increased by 25.1 per cent
(Spain, Nov. 04, 2016) Ence (Energía y Celulosa) achieved an adjusted EBITDA of Euro 32.7 million in the 3Q 2016, representing an increase of 25.1% over the previous quarter.
This significant improvement resulted in a net profit in July-September period of Euro 12.9 million compared to the negative result of the previous quarter, which was Euro 2.6 million. During the first 9 months of the year, net profit stood at Euro 24.3 million compared to 35.1 million in the same Read More...
Smurfit Kappa to acquire Saxon Packaging in the UK
(Dublin, Ireland, Nov. 07, 2016) Smurfit Kappa UK announced the acquisition of Saxon Packaging based in Lowestoft, Norfolk (UK).
Saxon Packaging is an independent converter of board into corrugated boxes and fitments.
According to Smurfit Kappa, Saxon has invested over the past three years in latest technology machinery which allows the company to meet the needs of its broad customer base in Suffolk, East Anglia and the Home Counties.
Clive Bowers, CEO of Smurfit Kappa UK stated, “I am delighted with this Read More...
Bracell completes $1.1 billion privatization
(Hong Kong, Nov. 06, 2016) Bracell Limited announced that the $1.1 billion privatisation by BHL Limited has been completed and its main board listing on The Stock Exchange of Hong Kong will be withdrawn. Over the last three years, the Company has delivered total shareholder returns of 273%.
Bracell will be part of the Royal Golden Eagle group, which manages world-class companies operating in pulp and paper, palm oil, viscose staple fiber and energy, with combined assets exceeding $15 billion Read More...
Stora Enso installs Savcor Wedge at its Oulu mill
(Helsinki, Oct 28, 2016) Stora Enso installs Savcor Wedge at its pulp and paper mill in Oulu, Finland. The overall aim is to provide real-time and long-term history information for the mill personnel covering mill wide process data combining several source systems.
The online process diagnostics system Wedge consist of versatile tools for monitoring, analyzing and finding root causes and consequences of process events to improve productivity.
Savcor is a global high-tech company, which delivers advanced solutions for performance optimization. (Source: Read More...
UPM Paper ENA plans to reduce 305,000 tonnes of graphic paper capacity in Europe
(Helsinki, Finland, 3 November 2016) UPM is planning to permanently reduce its graphic paper capacity in Europe by 305,000 tonnes. The capacity reductions are planned to take place in Austria and Germany.
UPM plans to permanently close two paper machines:
• SC paper machine 3 at UPM Steyrermühl, Austria
• SC paper machine 2 at UPM Augsburg, Germany
Number of persons affected by the plan is estimated 150 for UPM Augsburg and 125 for UPM Steyrermühl. The employee consultation processes will start in Read More...
Mercer International reports Q3 2016 results; projects steady growth in NBSK deliveries
(Canada, Nov. 03, 2016) Mercer International Inc. recently reported results for the third quarter ended September 30, 2016. Operating EBITDA in the third quarter of 2016 declined to $47.9 million from $61.1 million in the third quarter of 2015, primarily due to lower pulp sales realizations and sales volumes, partially offset by lower fiber prices, but increased from $34.7 million in the prior quarter of 2016.
Mr. David M. Gandossi, Chief Executive Officer, stated:
“In the current quarter, our mills generally Read More...
Resolute Reports Preliminary Third Quarter 2016 Results
(Montréal, Canada, Nov. 3, 2016) Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today reported net income for the quarter ended September 30, 2016, of $14 million, or $0.15 per share, compared to a GAAP net loss of $6 million, or $0.07 per share, in the same period in 2015. Sales were $888 million in the quarter, down $17 million, or 2%, from the third quarter of 2015. Excluding special items, the company reported net income of $19 million, Read More...
Kimberly-Clark 3Q net sales down 3 per cent
(USA, Nov. 03, 2016) Kimberly-Clark Corporation reported 3Q 2016 results. Sales of $4.6 billion in the 3Q 2016 were down approximately 3% compared to the year-ago period. Changes in foreign currency exchange rates reduced sales by more than 2%. Organic sales were essentially even with the prior year.
3Q operating profit was $836 million in 2016 and $779 million in 2015. Adjusted operating profit of $836 million in the 3Q 2016 increased 1% compared to $826 million in the year-ago Read More...