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Fortress Paper agrees to sell Lebel-sur-Quevillon pulp mill and sawmill assets for $15.36M

July 1, 2016 5:50 am
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Company News
(Vancouver, June 23, 2016) Fortress Paper Ltd. is pleased to announce that it has, through its wholly owned subsidiaries, Fortress Global Cellulose Ltd. and Fortress Lumber Corp., entered into an asset purchase agreement with LSQ Energy, L.P. and LSQ Development, L.P., each a wholly-owned subsidiary of Nexolia Bioenergy Inc., providing for the sale of the buildings, equipment and other ancillary property relating to the non-operating pulp mill and sawmill, as well as the energy generation, connection and transmission plant Read More...

Fitch upgrades Suzano’s ratings to ‘BB+’; outlook positive

July 1, 2016 5:49 am
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Ratings
(Rio De Janeiro, June 24, 2016) Fitch Ratings has upgraded Suzano Papel e Celulose S.A.’s (Suzano) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to ‘BB+’ from ‘BB’. Fitch has also upgraded Suzanos’s National Long-Term rating to ‘AA+(bra)’ from ‘AA-(bra)’. The Rating Outlook for the corporate ratings is Positive. The ratings upgrade reflect Suzano’s stronger free cash flow (FCF) due to the depreciation of the Brazilian real, which has reduced the company’s cost structure and allowed Suzano to accelerate Read More...

Pulpwood Costs Have Fallen Substantially Worldwide

July 1, 2016 5:48 am
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Pulp
(Seattle, USA, May 11, 2016) Wood cost is the factor that often determines the competitiveness of a pulp manufacturing plant or region, because it is the largest cost component when producing wood pulp. During the past few years, this cost has varied between 45% and 70% of the total cash cost, depending on product grade and the costs of other components such as chemicals, energy and labor, according to Wood Resource Quarterly. Hardwood fiber prices continued to fall in most Read More...

International Paper bets big on fluff pulp; company to spend $2.2 billion buying Weyerhaeuser pulp business

July 1, 2016 5:46 am
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Pulp
(Memphis, USA, May 11, 2016) International Paper’s latest deal reflects demand for diapers, feminine products. International Paper Co. agreed to buy Weyerhaeuser Co.’s pulp business for $2.2 billion, making a big bet on rising global demand for disposable diapers and feminine products. Mark Sutton, International Paper’s chief executive, said in an interview the company believes more consumers will be able to afford disposable diapers in the coming years in emerging markets, including in China, which recently ended its one-child policy for Read More...

1Q/16 Global HW Pulp Market Review: prices remain under pressure; Asian prices bottomed out at the end of 1Q16

July 1, 2016 5:42 am
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Pulp
(Sao Paulo, Brazil, April 20, 2016) Seasonality and the more challenging scenario throughout 1Q16 continued to pressure pulp prices in dollars, especially in Asia. However, according to the PPPC, global eucalyptus pulp sales moved up by 7% in the first two months of the year over the same period in 2015. Fibria’s sales to Asia moved up at the end of the quarter, exceeding the volume routed to the region in the previous three months. In addition, reflecting the Read More...

Oji Papéis Especiais to expand thermal paper capacity in Brazil

July 1, 2016 5:32 am
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Paper
(Brazil, April 06, 2016) Oji Imaging Media., a 100% subsidiary of Oji Holdings, will expand thermal paper production capacity at Oji Papéis Especiais by 10 %. Oji Papéis’s paper mill in Piracicaba, São Paulo manufactures thermal and carbonless paper. Oji Group will invest approximately $9m (€8m) in the expansion, which is scheduled to be finalized in July 2017. As of today, Oji Papéis Especiais is producing thermal paper from two thermal coaters, but with current production capacity, the company will not Read More...

Volga reaches newsprint production milestone

July 1, 2016 5:31 am
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Newsprint
(Russia, April 18, 2016) On April 17, Volga recorded a production milestone, as the 250,000th tonne of newsprint produced with the new technology was manufactured at high-speed PM8. Thus, since the new manufacturing process involving 100% TMP furnish was introduced in April last year, the Mill has produced a quarter of a million tonnes of premium quality newsprint, which is 104% to the planned target (from April 2015 to April 2016). Commenting on the event, Volga’s General Director Dmitry Donchenko says: Read More...

Toscotec to Supply Celupaper SA with New Tissue Paper Production Line

July 1, 2016 5:30 am
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Tissue
(Italy, April 20, 2016) Toscotec announced that it will supply Celupaper S.A. with a new MODULO-PLUS tissue production line. The new line, which will have the capacity to produce 65 tons per day of tissue paper, will be installed at Papelera Nicaragua in Buenos Aires, Argentina. The machine’s approach flow system, electrification & control, as well as erection supervision, start up assistance and training programs are also included in the scope of supply. “With this series of investments we believe Read More...

How America Saves Trees — With Paper

July 1, 2016 5:29 am
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Forest Products
(Chicago, IL., April 18, 2016) It’s a common assumption: if paper comes from trees, then using paper must be bad for forests, right? Wrong. American-manufactured paper actually benefits our nation’s forestland and is a driving force in maintaining it for future generations. “It may seem counterintuitive, but the responsible production and use of paper is sustainable and helps keep forest land in the U.S. as forests,” said Kate McGlynn, Product Environmental Steward for Boise Paper. “Using wood-based products like office Read More...

China slaps AD duties on imports of unbleached sack kraft paper from EU, US and Japan

July 1, 2016 5:26 am
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Tariffs / Duties
(Beijing, China, April 12, 2016) In accordance with the provisions of the Regulations of the People’s Republic of China on Anti-dumping (hereinafter referred to as the “Anti-dumping Regulations”), on April 10, 2015, the Ministry of Commerce (hereinafter referred to as the “Investigation Authority”) issued Announcement No. 9 of 2015, deciding to carry out anti-dumping investigation against imports of unbleached sack paper (hereinafter referred to as the “Products under Investigation”) originated in the U.S., the EU and Japan. The Investigation Authority Read More...

UPM’s PM3 in Changshu (China) inaugurated

July 1, 2016 5:25 am
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Company News
(Helsinki, April 20, 2016) UPM announced on April 12 the official inauguration of the Paper Machine 3 (PM3) in Changshu, China. As an important milestone for the development of UPM in China, the new paper machine will further increase production capacity while implementing the Biofore strategy. With this investment UPM will continue to provide environmentally friendly, safe and broad product portfolios for customers in China and the Asia-Pacific region. (Source: press release) Read More...

Report: Trends driving innovation in tissue performance identified

July 1, 2016 5:23 am
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Tissue
(U.K., April 06, 2016) Smithers Pira publishes a new report entitled, The Future of Tissue Manufacturing to 2021, which provides an in-depth, long-term assessment of the rapidly evolving tissue manufacturing processes. Operating environment trends and diverging product performance levels will push alternative manufacturing technologies. Tissue manufacturers occupying economy segments compete primarily on price. This requires increased focus on productivity and cost control. Premium level product performance will drive increased adoption of structured sheet technologies supported by chemicals and fibres. Changes are Read More...

Ilim Group to Invest Over USD 2 Billion in Upgrades to Production Facilities in Russia

July 1, 2016 5:22 am
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Company News
(Moscow, Russia, April 06, 2016) Ilim Group today announced its new Business Plan to 2020, which includes investments of over USD 2 billion into existing production facilities and other operations in Russia. Investments will focus on increasing the Group’s production capacity by over 500,000 tons per year (tpy). The overall investment program will cover all three of the Group’s production facilities in Bratsk, Koryazhma and Ust-Ilimsk. The business plan envisages a series of measures aimed at modernization, increasing the efficiency Read More...

International Paper to sell Chinese corrugated packaging business for $150 million

July 1, 2016 5:20 am
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Packaging
(Memphis, Tenn., USA, March 14, 2016) International Paper (NYSE: IP) today announced that it has entered into a definitive agreement to sell its corrugated packaging business in China and Southeast Asia to Xiamen Bridge Hexing Equity Investment Partnership Enterprise. International Paper’s corrugated packaging business in Asia has 18 plants and a workforce of approximately 3,000 employees. Under terms of the transaction, International Paper will receive a total of approximately RMB 1 billion (approximately US$150 million at current exchange rate), subject Read More...
CNF dispersion fluid

Nippon Paper to build large scale nanofiber production plant

June 30, 2016 6:11 am
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R&D
(Tokyo, May 27, 2016) Nippon Paper Industries plans to build a large-scale cellulose nanofiber (CNF) production facility at the Ishinomaki mill in Miyagi, Japan. This facility will produce CNF from wood pulp that is chemically treated by the TEMPO catalytic oxidation method. A total of 1.6 billion yen ($14.5 million) will be invested on the facility, and an annual production capacity is 500 tons. It is scheduled to begin its operation in April 2017. This project reinforces the Ishinomaki mill’s foundations as Read More...
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