News & Events

Kruger Completes Commissioning of Rebuilt PM10, Linerboard Production Started

(Canada, May 31, 2017) Kruger Inc. today announced that it has completed the start-up phase of No. 10 Linerboard Machine and begun production of XTR, a next-generation product offering the highest strength-to-basis-weight ratio in North America. XTR is 100%-recycled and backed by Kruger’s 50+ years of experience in the production of eco-friendly containerboard products. Kruger completed the PM10 rebuild as scheduled and on budget, after 500,000 hours of construction work over a period of 20 months. The company invested $250 Read More...

VTT to Expand Its Bio and Circular Economy Pilot Centre

(Helsinki, Finland, June 1, 2017) VTT Technical Research Centre of Finland will expand the operation of the Bioruukki pilot centre located in Espoo, from thermochemistry to novel ways of biomass utilisation, recycling of textile fibres and green chemistry technologies. The pilot centre will develop into a new kind of an ecosystem, welcoming companies and research organisations to develop their ideas towards industrial-scale production. The world markets for bioeconomy and circular economy products and technologies are in strong growth, and Read More...

Grupo Gondi to Build New Containerboard Mill in Mexico

(Mexico, June 1, 2017) Grupo Gondi announced that it will build a new paper mill in Mexico that will have the capacity to produce over 350,000 metric tons per year of containerboard and will provide reliable, high-quality medium and linerboard for Gondi’s converting operations and third parties. “We are pleased to invest in this new manufacturing facility, which will help us enhance our service and position in the growing packaging market in Mexico,” said Eduardo Posada, CEO of Grupo Gondi. Read More...

Presentation: Fibria Celulose (FBR) presents at Santander Pulp & Paper Day

(Brazil, May 25, 2017) The following slide deck was published by Fibria Celulose S.A. in conjunction with this event: Pulp & Paper Day – Santander SP May 24, 2017. From the presentation: "What can we expect in 2017" [click on image to magnify] To download report, Click Here: Corporate Presentation Santander P&P Day.pdf (Source: Fibria) Read More...

Rayonier Advanced Materials to acquire Tembec for $807 million; buoys Rayonier’s pulp capacity beyond current 485Kt of high purity cellulose and 245Kt of “commodity”

(Montreal, Canada, May 25, 2017) Rayonier Advanced Materials Inc. and Tembec Inc. today announced a definitive agreement under which Rayonier Advanced Materials will acquire Tembec, providing the combined company with leading and complementary positions in key high purity cellulose end-uses and diversified earning streams from packaging, paper, high-yield pulp and forest products businesses. With its expanded geographic reach, enhanced R&D capabilities and broader, more flexible asset base, the combined company will offer customers exceptional product breadth across the spectrum Read More...

Link / India: JK Paper lines up Rs 650 crore for investment, capex

(Chennai, India, May 24, 2017) JK Paper Ltd (JKPL) has lined up an investment of around $100 million (Rs 650 crore), part of which will be accounted for by the International Finance Corporation (IFC) putting in around $50 million. The proposed project entails capacity expansion and efficiency improvement, capital expenditures at the two existing plants, and debt refinancing. The proposed IFC investment is in the form of secured non-convertible debentures (NCDs) of up to Rs 325 crore ($50 million equivalent). The Read More...

Fitch Downgrades Klabin’s ratings to BB+; outlook revised to Stable

(Rio de Janeiro, 16 May 2017) Fitch Ratings has downgraded Klabin S.A.’s (Klabin) Long-Term Foreign and Local Currency Issuer Default Rating (IDR) to BB+ from BBB-, and its national scale long-term rating to ‘AA+(bra)’ from ‘AAA(bra)’. At the same time, Fitch has downgraded the rating of the USD500 million senior unsecured notes due in 2024 issued by Klabin Finance S.A. and guaranteed by Klabin to ‘BB+’ from ‘BBB-’. The Rating Outlook for the corporate ratings was revised to Stable Read More...

Link: BILT Graphic debt update – “may get a cash infusion of Rs. 400 crore”

(New Delhi, May 23, 2017) The debt-laden Ballarpur Industries Ltd (BILT) may get a cash infusion of Rs. 400 crores from Edelweiss ARC for itself and its subsidiaries, Live Mint reported last month. BILT is reported to be saddled with an estimated consolidated debt of over Rs6,000 crore. As per the Live Mint report [dated April 23], Edelweiss Asset Reconstruction Co., which acquired a large portion of BILT Graphic Paper Products Ltd’s loans, is in talks to infuse as much Read More...

Link / UK: real book sales surge as ebooks slow down

(London, May 2017) The digital revolution was expected to kill traditional publishing. But print books are ever more beautifully designed and lovingly cherished After reaching a peak in 2014, sales of e-readers and ebooks have slowed and hardback sales have surged. The latest figures from the Publishing Association showed ebook sales falling 17% in 2016, with an 8% rise in their physical counterparts. At the same time, publishers’ production values have soared and bookshops have begun to fill up with Read More...

Link: Indonesia’s PT TEL to replace acacia with eucalyptus pellita

(Singapore, May 19, 2017) Indonesian market pulp producer PT Tanjung Enim Lestari (PT TEL) is replacing acacia mangium, the tree species that once dominated its 300,000 ha of concessions, with eucalyptus pellita. To read complete report Go To: PT TEL opts for eucalyptus pellita as pulp furnish in Indonesia (Source: RISI) Cover Image: an eucalyptus pellita plantation Read More...

Print media in India growing … despite digital news

(Mumbai, India, May 09, 2017) Contrary to trends in the developed world where print circulation is losing to digital news, the print media in India is growing, as per an Audit Bureau of Circulation (ABC) press release. According to Audit Bureau of Circulation (ABC) data, print publications in this country had an increase in average daily circulation of 23.7 million copies from 2006 to 2016. From 39.1 million in 2006, the average number of copies circulated a day grew to 62.8 Read More...

Klabin’s Puma mill operating at full (100%) capacity

(Brazil, April 28, 2017) Klabin’s 1.5 million tonne/yr (BEK) Puma pulp mill in Brazil has reached 100% capacity, CEO Fabio Schvartsman announced at the company’s Q1 2017 Financial Report & Conference Call dated April 28, 2017. The new unit has the capacity to produce 1.5 million tons of pulp a year, of which 1.1 million tons will be hardwood pulp and 400,000 tons softwood pulp. A portion of the softwood pulp will be converted into fluff pulp, the only one Read More...

Recovered paper market – Q1 review: market hit by freight hikes / increased stocks

(Brussels, April 26, 2017) While recovered paper grades posted a relatively strong quarter, prices of lower grades of recovered fiber were negatively impacted by escalating freight costs, cheaper pockets of global availability, high levels of finished stock and possible compliance concerns relating to increased port inspections in China, as per the latest BIR world recycling organisation’s latest quarterly World Mirror on Recovered Paper. Feedback from the UK - by far Europe’s largest exporter of recovered fibre - suggests deep-sea export prices Read More...

The rise and fall of recycled content in newsprint

(Montreal, Canada, May 08, 2017) In March 2017 the newsprint mill in Thorold, Ontario was indefinitely idled. Ontario Paper Company started up this mill in 1913 and was a pioneer in the field of recycled furnish, having experimented with it briefly during World War II to extend its pulp supply. It had the first deinking plant in North America in 1981 and expanded to 100% recycled furnish in 2002. Around that time, there were seven other newsprint mills running a Read More...

Fibria recorded 1Q net income of R$ 329 million; net revenue decreased

(Brazil, May 09, 2017) Fibria recorded net income of R$ 329 million ($102.8 million) in 1Q 2017, versus a net loss of R$ 92 million ($28.75 million) in 4Q 2016 and net income of R$ 978 million ($305.6 million) in 1Q 2016. Fibria’s net revenue totalled R$ 2,074 million ($648 million) in 1Q 2017, 18% less than in 4Q 2016, due to the reduction in sales volume, as previously explained. Compared to 1Q 2016, net revenue fell by 13%, as Read More...
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