Yearly Archives: 2016
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...
Link: depressed growth for Indonesia’s pulp and paper industry
(Djakarta, Oct. 19, 2016) The pulp and paper industry is still stagnant this year because economic growth in the largest markets, the US and Japan, has not yet recovered. The International Monetary Fund (IMF) has cut its forecast for the world economic growth to 3.1 percent from 3.8 percent at the beginning of this year. …
The pulp and paper industry still grows every year. The growth in the first half of 2016 is 2.3 percent compared to the first Read More...
Link: Swedish paper giant may ditch timber to focus on growth markets: the fast growing hygiene sector
(New York, Oct. 23, 2016) SCA recently announced plans to spin out its paper mills and timberland representing about 6% of Sweden’s land mass in order to focus on its faster-growing hygiene business. That business includes paper napkins and toilet paper, where SCA’s Tork brand is No. 2 in the U.S. commercial market following its $513 million purchase of Wausau Paper in January. But the real growth vehicles are feminine products and adult diapers, which, if you think about Read More...
Papcel to supply new press parts for Mariyski CBK
(Prague, Czech Republic, Oct. 24, 2016) Papcel signed a contract to supply technological parts for PM 1 for Mariyski CBK in Russia. New parts were constructed for the speed of 800m/min.
The existing press part, consisting of 4 continuous presses with felts on bottom rolls, was completely replaced with a new press part, consisting of a combi press with 2 nips in the first position (picking up from the wire part with help of a pickup roll) and a shoe Read More...
Fibria Horizonte 2 Project progress report: assembling of the metal structure of the recovery boiler concluded
(Brazil, October 19, 2016) Fibria has announced that it has concluded assembling the metal structure of the recovery boiler; his is a key component of the second pulp production line being assembled at Três Lagoas.
Press Release
With 54% of the works concluded, the Horizonte 2 Project is progressing on schedule and is slated for completion by the start of the fourth quarter of 2017
Fibria, a Brazilian company that is the world’s leading eucalyptus pulp producer, concluded another important phase in Read More...
Clearwater Paper 3Q net sales down 1.6 per cent to $435.3 million
(Spokane, Wash., USA, Oct. 20, 2016) Clearwater Paper Corporation reported net sales of $435.3 million for the 3Q 2016, down 1.6% compared to net sales of $442.2 million for the 3Q 2015.
Net earnings determined in accordance with generally accepted accounting principles, or GAAP, for the 3Q 2016 were $0.9 million, or $0.05 per diluted share, compared to $23.1 million, or $1.21 per diluted share, for the 3Q 2015.
Excluding certain items identified in the attached reconciliations to GAAP, 3Q 2016 Read More...
BIR World Mirror on Recovered Paper / Quarterly Report – October 2016: fiber exports remained challenging with a slight dip in export volumes
(Brussels, Belgium, October 23, 2016) China, an economy of US$ 11tn-plus, is currently going through a period of readjustment, with the service sector enjoying a corrective growth phase while the manufacturing sector is in something of a declining phase. China’s GDP is still projected to grow at a rate of over 6% for this year, which is equivalent to some US$ 700bn. Some healthy growth was posted in the first half of the year but a slight slowdown is Read More...
U.S. Printing-Writing Paper Shipments Decreased 8 Percent in September
(Washington DC, USA, Oct. 24, 2016) The American Forest & Paper Association has released its September 2016 Printing-Writing Paper Report. According to the report, total printing-writing paper shipments decreased 8 percent in September compared to September 2015.
Total printing-writing paper inventory decreased 4 percent from August levels.
Uncoated free sheet (UFS) paper shipments decreased 8 percent year-over-year in September, after recording three year-over-year increases in 2016. UFS imports increased 18 percent year-over-year in August with exports increasing 14 percent.
September coated free Read More...
SCA to invest nearly $24 million in its Kentucky plant
(Sweden, Oct. 25, 2016) SCA, a global hygiene and forest products provider, will increase its production and product diversity in Bowling Green, Kentucky, with a nearly $24 million investment expected to create 20 jobs.
SCA currently employs 140 workers at its Warren County location, which manufactures adult incontinence products under the Tena brand name.
SCA's Bowling Green plant, Kentucky
SCA plans to install a new production line that will increase production capacity, provide new products and improve its competitiveness. (Source: press release)
Read More...