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Sappi Slates EUR 25 Million in Mill Upgrades for 2016

February 3, 2016 7:01 am
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Company News
(Johannesburg, S Africa, January 24, 2016) Sappi Limited has approved investments of some EUR 25 million for mill upgrades in Europe during the course of 2016. Sappi Lanaken Mill will improve the performance of its paper machine 7 (PM7) by installing a state-of-the-art film-press coater, and Sappi Kirkniemi Mill will undergo a variety of modifications to its paper machine 3 (PM3) to increase energy efficiency and further improve quality consistency. All work will be completed by the end of calendar Read More...

M&As: SCA Closes Acquisition of Wausau Paper

February 3, 2016 7:00 am
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Company News
(Stockholm, January 26, 2016) SCA announced that its acquisition of Wausau Paper, a leading North American Away-from-Home Tissue Company, closed for the total consideration of USD 513 million in cash. The deal was previously announced in October of 2015. SCA will consolidate Wausau Paper as of January 21, 2016. “SCA is the world’s leading supplier of Away-from-Home tissue with the global brand Tork. This acquisition is an excellent strategic fit and makes us a stronger supplier in North America. The acquisition Read More...

U.S. Printing-Writing Paper Shipments Down in December 2015

February 3, 2016 6:59 am
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Paper
(Washington DC, USA, January 27, 2016) The American Forest & Paper Association has released its December 2015 U.S. Printing-Writing Paper Report. According to the report released on Jan. 27, total printing-writing paper shipments decreased 6 percent in December compared to December 2014. Total printing-writing paper inventory levels increased 1 percent from November levels. Uncoated free sheet (UFS) paper shipments increased 1 percent relative to shipments in December 2014, the fourth year-over-year increase during 2015. For the year, UFS shipments were down Read More...

Total U.S. Paperboard Production Up 1.7% in December

February 3, 2016 6:57 am
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Packaging
(Washington DC, USA, January 27, 2016) The American Forest & Paper Association released its December 2015 U.S. Paperboard Report which said total boxboard production increased 1.7 percent when compared to December 2014 and increased 0.3 percent from last month. Unbleached Kraft Boxboard production increased over the same month as last year but decreased compared to last month. Total Solid Bleached Boxboard & Liner production decreased when compared to December 2014 but increased compared to last month. The production of Recycled Boxboard increased Read More...

Verso Reaches Agreement with Certain Creditors on Terms of Plan of Reorganization and DIP Financing

February 3, 2016 6:56 am
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Company News
(New York, January 26, 2016) Verso Corporation (VRSZ) today (Jan. 27) announced that it has finalized a restructuring support agreement (RSA) with creditors holding at least a majority in principal amount of substantially all tranches of funded debt of Verso and its subsidiaries in connection with Verso’s filing for Chapter 11 protection in the United States Bankruptcy Court in the District of Delaware yesterday. Verso also announced that it has finalized, subject to approval by the bankruptcy court, a debtor-in-possession Read More...

USA: Verso Corporation files for Chapter 11

February 3, 2016 6:54 am
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Company News
(New York, January 27, 2016) Verso Coporation has entered Chapter 11 bankruptcy proceedings. The company is struggling with declining demand for its products and financial difficulties as a result. US pulp and paper producer Verso Corporation is in financial difficulties. The company announced that, together with its subsidiaries, it had filed voluntary petitions with the Bankruptcy Court in the district of Delaware to reorganise under Chapter 11 of the US Bankruptcy Code. Verso expects that the measure will have virtually Read More...

Stats: Global producers pulp stock December 2015

February 2, 2016 10:42 am
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Pulp, Uncategorized
(Sweden, January 27, 2016) In December, global producers’ stocks fell by one day, softwood unchanged and hardwood down one day. Global shipments improved by 5.0% from December 2014. The average shipment-to-capacity ratio totaled 98%, with bleached softwood on 97% and hardwood on 98%. Deliveries of softwood pulp to China improved strongly. (Source: Sodra / EPIS, Sweden) Read More...

Total U.S. Paperboard Production Up 1.7% in December

February 2, 2016 10:31 am
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Packaging
(Washington DC, USA, January 27, 2016) The American Forest & Paper Association released its December 2015 U.S. Paperboard Report which said total boxboard production increased 1.7 percent when compared to December 2014 and increased 0.3 percent from last month. Unbleached Kraft Boxboard production increased over the same month as last year but decreased compared to last month. Total Solid Bleached Boxboard & Liner production decreased when compared to December 2014 but increased compared to last month. The production of Recycled Boxboard increased Read More...

10 top trends of 2016: The Internet World of Packaging

February 2, 2016 10:26 am
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Packaging
(Brussels, January 2016) The world is one big shopping centre. POS is everywhere. We are in the middle of a revolution. The Internet is simply changing everything: design, marketing and trade structures. This also has far-reaching consequences for packaging, which is playing an even greater role as it moves towards becoming the central element of the buying experience. Pro Carton has looked at the 10 most important international trends. Three current developments are driving these trends: First: it still Read More...

U.S. Printing-Writing Paper Shipments Down in December 2015

February 2, 2016 10:22 am
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Paper, Uncategorized
(Washington DC, USA, January 27, 2016) The American Forest & Paper Association has released its December 2015 U.S. Printing-Writing Paper Report. According to the report released on Jan. 27, total printing-writing paper shipments decreased 6 percent in December compared to December 2014. Total printing-writing paper inventory levels increased 1 percent from November levels. Uncoated free sheet (UFS) paper shipments increased 1 percent relative to shipments in December 2014, the fourth year-over-year increase during 2015. For the year, UFS shipments were down Read More...

M&As: SCA Closes Acquisition of Wausau Paper

February 2, 2016 10:21 am
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Uncategorized
(Stockholm, January 26, 2016) SCA announced that its acquisition of Wausau Paper, a leading North American Away-from-Home Tissue Company, closed for the total consideration of USD 513 million in cash. The deal was previously announced in October of 2015. SCA will consolidate Wausau Paper as of January 21, 2016. “SCA is the world’s leading supplier of Away-from-Home tissue with the global brand Tork. This acquisition is an excellent strategic fit and makes us a stronger supplier in North America. The acquisition Read More...

Sappi Slates EUR 25 Million in Mill Upgrades for 2016

February 2, 2016 10:20 am
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Uncategorized
(Johannesburg, S Africa, January 24, 2016) Sappi Limited has approved investments of some EUR 25 million for mill upgrades in Europe during the course of 2016. Sappi Lanaken Mill will improve the performance of its paper machine 7 (PM7) by installing a state-of-the-art film-press coater, and Sappi Kirkniemi Mill will undergo a variety of modifications to its paper machine 3 (PM3) to increase energy efficiency and further improve quality consistency. All work will be completed by the end of calendar Read More...

R&D: Developing new opportunities for digital printing papers

February 2, 2016 10:19 am
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Uncategorized
(Canada, January 28, 2016) Research conducted at FPInnovations laboratories has led to the development of new, glossy coating formulations that will allow the use of lightweight coated papers on commercial web inkjet printing presses. A successful large-scale plant trial in collaboration with a member company has recently been conducted, which allowed evaluation of this new coated paper on a commercial web inkjet press. Indeed, FPInnovations has been working extensively in the past three years to expand the use of lightweight Read More...

Verso Reaches Agreement with Certain Creditors on Terms of Plan of Reorganization and DIP Financing

February 2, 2016 10:13 am
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Uncategorized
(New York, January 26, 2016) Verso Corporation (VRSZ) today (Jan. 27) announced that it has finalized a restructuring support agreement (RSA) with creditors holding at least a majority in principal amount of substantially all tranches of funded debt of Verso and its subsidiaries in connection with Verso’s filing for Chapter 11 protection in the United States Bankruptcy Court in the District of Delaware yesterday. Verso also announced that it has finalized, subject to approval by the bankruptcy court, a debtor-in-possession Read More...

USA: Verso Corporation files for Chapter 11

February 2, 2016 10:12 am
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Uncategorized
(New York, January 27, 2016) Verso Coporation has entered Chapter 11 bankruptcy proceedings. The company is struggling with declining demand for its products and financial difficulties as a result. US pulp and paper producer Verso Corporation is in financial difficulties. The company announced that, together with its subsidiaries, it had filed voluntary petitions with the Bankruptcy Court in the district of Delaware to reorganise under Chapter 11 of the US Bankruptcy Code. Verso expects that the measure will have virtually Read More...
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