News & Events
Appleton Coated Expands Product Options with Ethos Enhanced Inkjet Paper
(USA, Oct. 26, 2016) Appleton Coated announced that it has expanded its inkjet product offering with the introduction of Ethos® Enhanced Inkjet.
Ethos Enhanced Inkjet is a new inkjet-optimized product offering a smooth, silk, coated-like feel. This high-brightness, blue-white paper is specifically designed to provide enhanced image quality and improved color vibrancy in comparison to standard uncoated inkjet papers. 7 Pt. and 9 Pt. products are available immediately. Additional basis weights will be added, the company said.
“This new product combines Read More...
Catalyst Paper Announces Principal Securityholder Support for Recapitalization, and Gives Update on KGI Support Agreement
(Canada, Oct. 26, 2016) Catalyst Paper Corporation (“Catalyst” or the “Company”) today announced that it has received an alternative recapitalization proposal to be implemented if the previously announced acquisition proposal by Kejriwal Group International (“KGI”) is not completed. The Board of Directors believes that the availability of such an alternative is in the interest of the Company and all of its stakeholders, and had requested that holders representing about 79% of the Company’s outstanding common shares and 87% of Read More...
Brazilian pulp exports increased by 12.7% in January- July
(Sao Paulo, Brazil, Nov. 01, 2016) The planted tree industry of Brazil continues to stand out due to its important contribution to the country’s balance of trade surplus. From January through July 2016, the sector recorded a $ 3.8 billion surplus, a 7.2% growth year-over-year. Exports revenue from pulp, wood panels and paper was mainly responsible for this result, reaching R$ 4.4 billion ($1.4 billion) year-to-date, as the Brazilian Tree Industry (Ibá) said.
“When we evaluate the foreign market the Read More...
UPM reports third quarter 2016 results; sales fall 3 per cent
(Helsinki, Finland, Oct. 26, 2016) PM today report results for the third quarter 2016.
Q1-Q3 2016 highlights
--Comparable EBIT increased by 28% to EUR 859 million (669 million).
--Operating cash flow increased to EUR 1,281 million (795 million).
--Net debt decreased to EUR 1,479 million (2,465 million) and gearing to 19% (31%).
--UPM sold the Schwedt newsprint mill in Germany in July.
--In July, UPM announced expansion of the UPM Kymi pulp mill capacity to 870,000 tonnes.
--In October, UPM announced a new self-adhesive label Read More...
Graphic Packaging Holding Company Reports Third Quarter 2016 Results
(USA, Oct. 25, 2016) Graphic Packaging Holding Company (NYSE: GPK) today reported Net Income for third quarter 2016 of $57.8 million, or $0.18 per share, based upon 320.4 million weighted average diluted shares. This compares to third quarter 2015 Net Income of $60.2 million, or $0.18 per share, based on 330.4 million weighted average diluted shares.
Third quarter 2016 Net Income was negatively impacted by $6.2 million (net of a $2.7 million tax benefit) of business combinations and other special Read More...
India: JK Paper offers to buyout two Bilt units
(New Delhi, Oct. 26, 2016) In a BSE filing, Ballarpur Industries said ‘material subsidiary of the company, viz. BILT Graphic Paper Products (BGPPL) has received a tentative offer and draft term sheet for acquisition of its Ballarpur unit and Ashti unit of BGPPL from JK Paper (JKPL).
The statement further read that, ‘BGPPL is reviewing the terms and conditions of the same’. Both the units are located in Maharashtra.
BILT Graphic Paper Products Limited (BGPPL) unit in Ballarshah, Maharashtra, India
Text Read More...
Total European Shipments of Graphic Papers in August Increased 1.5%
(Brussels, Oct. 25, 2016) EURO-GRAPH, the European Association of Graphic Paper Producers, published its August 2016 statistics of the European Graphic Papers Industry, which showed total shipments of graphic papers in August were 2,795,000 tonnes, up 1.5% or 41,000 tonnes versus August 2015.
Graphic Paper grades include: Newsprint, SC-Magazine, Coated Mechanical Reels, Uncoated Mechanical Reels, Coated Woodfree and Uncoated Woodfree.
In August, total European shipments of Newsprint were 647,000 tonnes compared to 615,000 tonnes in August of 2015, an increase of Read More...
R&D: ‘Nuisance’ polymer becomes biomass breakthrough
(Switzerland, Oct. 24, 2016) A team of scientists at Swiss research institution École Polytechnique Fédérale de Lausanne (EPFL) have found a way to turn the biomass waste polymer -- lignin -- into a source of biofuel.
By adding formaldehyde to the lignin 'waste', which is described as a "nuisance", the scientists claim to be able to convert up to 80% of it into valuable molecules for biofuel and plastics.
The method for doing this can also be scaled up to industrial Read More...
Link: new mills giving a boost to Bangladesh’s domestic paper industry
(Dhaka, Oct. 23, 2016) Domestic production of paper has increased substantially in the last few years due to setting up of new factories, sector insiders have said, which has helped mitigate the country’s import dependence. …
Some 18 to 20 new units commenced production in last five years, strengthening the sector … and four to five new ones are expected to enter the sector very soon.
The lead manufacturers in the private sector include mills of Basundhara Group, Partex Group and Read More...
Buckman Announces Global Price Increase for Select Specialty Chemicals
(Memphis, USA, Oct. 24, 2016) Specialty chemical producer Buckman announced a price adjustment on select product lines effective November 15, 2016. The price increase will be 2 to 6 percent, dependent on geographic location and products and services sold. In some areas increases may be higher where exchange rate based adjustments are necessary.
“This price increase is being driven by rising raw material, energy, transportation, labor, and regulatory costs,” said Brad Walden, Buckman Vice President Global Supply Chain.
“Buckman continues to Read More...
Veritiv to Host 2016 Chicago Paper Show
(Chicago, Oct. 20, 2016) Veritiv Corporation (VRTV) will host its 27th annual Chicago Paper Show on Tuesday, November 1, 2016, at the Westin Chicago River North.
The Veritiv Chicago Paper Show attracts approximately 800 prominent designers, corporate end-users and commercial printers from the Greater Chicago area -- one of the most exciting graphic arts markets in the country. The theme of this year’s show is “MAKER – a person that makes or produces something.”
“MAKER refers to people -- including designers, Read More...
Valmet signed Euro 200 million syndicated revolving credit facility agreement
(Helsinki, Oct. 23, 2016) Valmet Oyj has signed a new Euro 200 million syndicated revolving credit facility agreement. The new facility matures on January 14, 2022 with two 1-year extension options dependent on the approval of the banks concerned. The new facility refinances an existing Euro 200 million credit facility and will be used for general corporate purposes.
The Mandated Lead Arrangers and Bookrunners of the credit facility are Bank of America Merrill Lynch International Limited, Citibank N.A. London Branch, Read More...
Domtar idling Kingsport paper mill to reduce inventory
(Kingsport, Tenn., USA, Oct. 20, 2016) Domtar Corp. announced Wednesday its downtown paper mill is being idled to reduce inventory.
Inside Kingsport paper mill
“At Domtar we must continually monitor our production output and inventory with that of customer orders,” Domtar spokesman Mike Cunningham explained in an email. “Accordingly, we are taking appropriate measures to reduce our inventory by slowing down production at our Kingsport Mill. We will keep you informed about the expected restart of operations as circumstances dictate.”
To read Read More...
Romanian cardboard production, demand expand
(Bucharest., Romania, Oct. 24, 2016) Romania’s cardboard consumption rose to 322,000 tonnes in 2015, an increase of 13% compared with a year earlier, according to data from local industry association ARFCO.
With local demand for cardboard expanding, Romanian manufacturers are considering to raise their output capacities, reports local business daily Ziarul Financiar. Currently, Romania-based cardboard producers are enabled with a total capacity of about 723,000 tonnes per year. Of this, about 55% is intended for export sales, mostly to other Read More...
Ahlstrom invests Euro 23 million in its Kentucky plant
(Helsinki, Finland, Oct. 23, 2016) Ahlstrom will invest into engine and industrial filtration product capabilities at its Madisonville plant in Kentucky, USA. The total investment is approximately Euro 23 million and it will be completed during the first half of 2018.
Fulvio Capussotti, Executive Vice President of Business Area Filtration & Performance, states on the investment: “Ahlstrom is a leading global manufacturer of engine and industrial filtration materials with production sites across four continents. As a commitment to our key Read More...