Yearly Archives: 2016
Norske Skog reports strong 3Q/16 results; company to seek higher newsprint prices
(Norway, Oct. 19, 2016) “The improved market balance should allow for a substantial increase in sales prices going forward, especially after significant capacity closures in Europe and North America combined with a flattening of the demand curve.” – Sven Ombudstvedt, President and CEO, Norske Skog.
Strong demand for Norske Skog’s products in all regions resulted in high capacity utilization and net profit in the third quarter of NOK 190 million. This demonstrate the long-term trend of good performance. So far Read More...
Packaging Corporation of America Reports Third Quarter 2016 Results
(USA, Oct. 20, 2016) Packaging Corporation of America (PKG) today reported third quarter 2016 net income of $119 million, or $1.26 per share and $1.30 per share excluding special items. Third quarter net sales were $1.5 billion in 2016 and in 2015.
Reported earnings include the impact of $.04 of special items expense in the third quarter of 2016 and $.05 of special items income in 2015. Excluding special items, the $.04 per share increase in third quarter 2016 earnings Read More...
BillerudKorsnäs CEO says “firm’s Q3 performance in line with plans”
(Sweden, Oct. 21, 2016) CEO Per Lindberg comments on the development during Q3 2016:
“Once again we show a stable performance and I am happy to see that we deliver results as expected. Our production has stabilized and we have been producing in line with planned levels. The one issue for me is the lack of growth in Consumer Board. This is due to the production problems we suffered in previous quarters, but our view on the Consumer Board market Read More...
Link: Is this a forest product?
(Washington DC, USA, Oct 16, 2016) Sometimes it can be easy to tell if something has wood or wood fiber in it. Firewood? Yes. Printer paper? Yep. 2x4? Oh yeah. Shampoo? Likely. LCD TV? Also yes. Different types of trees and their derivative products can be used for a multitude of things in our everyday life….
Heck, someday the chips in your phone might be made of wood! Watch this: https://www.youtube.com/watch?v=Bma2UKsbTDw
Read more at http://www.afandpa.org/media/blog/bloga/2016/10/16/is-this-a-forest-product2 (Source: AF&PA blog / article by Read More...
Munksjö extends its range of baking papers with lightweight Aderpack 35 g/m²
(Sweden, Oct. 21, 2016) Munksjö extends its AderpackTM range with a 35 g/m² low basis weight paper for cooking and baking applications. This light paper grade enables a lower environment footprint while maintaining high release performance and temperature resistance.
Convenient and hygienic, AderpackTM are single-use papers, mainly used for baking pastry or pizza as well as steam cooking. Made from natural fibers, AderpackTM offers high release properties and excellent heat resistance, making it ideal for consumer rolls, liner for pre-rolled Read More...
PCMC Italia boosts capacity with new plant
(Italy, Oct. 20, 2016) On October 12th, 2016, paper converting machine company PCMC Italia S.p.A., part of the US multinational Barry-Wehmiller, inaugurated its new 14,000-m2 facilities in Fornaci di Barga. Spurred by the corporate motto “People Care Moves our Company”, the inauguration ceremony was centred on the talents protagonists of PCMC’s development throughout the years. An event dedicated to the about 500 people working in the company and their families, customers, guests coming from the world over, with a Read More...
Andritz to upgrade woodyard systems at Sappi’s mill in Skowhegan, USA
(Graz, Austria, Oct. 20, 2016) Andritz has received an upgrade order from Sappi North America for a high-capacity debarking line and woodyard equipment to be installed at Sappi’s Somerset Mill in Skowhegan, Maine. The new line will further reduce wood losses and enhance the mill’s reliability and performance. Commissioning of the new line, which has a design capacity of 300 t/h of hardwood chips and 270 t/h of softwood chips, is scheduled for the fourth quarter of 2017.
Andritz’s scope Read More...
Finland’s Forest and Paper Industry Continues Structural Change
(Helsinki, Oct. 19, 2016) According to a forecast released in early October by the Finnish research firm PTT, Finland’s forest industry investments will increase the export of pulp and paperboard this and next year. However, the average export prices will decline. The diminution of the production and export of paper in Finland will continue strong. High demand in China maintains a positive outlook for the export of sawn timber. Demand is growing also because of activation of the construction Read More...
U.S. containerboard production in September increased 2 Percent; boxboard production down 4.2%
(Washington DC, USA, Oct. 20, 2016) The American Forest & Paper Association released its September 2016 U.S. Containerboard Statistics Report which said containerboard production was 2 percent higher compared to September 2015. The month-over-month average daily production compared to August 2016 was 1.4 percent lower.
The containerboard operating rate for September increased to 97.4 percent, while the year-to-date operating rate of 95 percent was 1 percentage point lower compared to year-to-date 2015.
Boxboard:
As per the American Forest & Paper Association’s September Read More...
Paper Recycling Rate in Europe Reached 71.5% in 2015
(Brussels, Oct. 20, 2016) The European Recovered Paper Council (ERPC) announced that the paper recycling rate in Europe reached an impressive 71.5% in 2015.
According to ERPC’s final monitoring report for 2015, compared to 2010, collection and recycling has increased by almost one million tonnes of paper.
The 2015 European paper recycling rate of 71.5% is 1.5% higher than the target set by the ERPC in the 3rd European Declaration on Paper Recycling for the period 2010-2015.
ERPC said that it is Read More...
Fitch Affirms Arauco’s IDRs at ‘BBB’; Outlook Revised to Negative; hardwood prices between USD550 and USD600 per ton during 2016-2017
(Rio De Janeiro, Brazil, Sept. 29, 2016) Fitch Ratings has affirmed the Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) for Celulosa Arauco y Constitucion S.A. (Arauco) at ‘BBB’ and the National long-term rating at ‘AA-(cl)’. The Rating Outlook is revised to Negative from Stable. A full list of rating actions follows at the end of this release.
The revision of the Outlook to Negative reflects Fitch’s base case projections that Arauco’s net leverage will remain above 3.0x in Read More...
Global Pulpwood Prices Moved Upward in Second Quarter 2016
(Seattle, USA, Oct 17, 2016) Wood fiber costs currently account for almost 60% of the cash costs when manufacturing wood pulp. Prices for both wood chips and pulplogs have trended downward for a long time, but this came to an abrupt halt in the 2Q/16 when the softwood price index rose 2.3% and the hardwood price index increased 3.7% from the 1Q/16, according to the latest Wood Resource Quarterly (WRQ).
The wood fiber costs for the world’s pulp industry had Read More...
Pregis acquired Easypack, a paper-based protective packaging company
(UK, October 14, 2016) Pregis has acquired Easypack, Hertfordshire, UK, a paper-based protective packaging company, for an undisclosed amount. The acquisition will enable Pregis to expand its North American product portfolio to include a complete line of paper void fill, cushioning and block/brace solutions.
Pregis will continue to operate Easypack’s three UK manufacturing facilities, as well as offices and distribution centers in France and Germany. Easypack employs approximately 70 people across Europe.
“We are continuously looking for ways to support brand Read More...
Pritzker to acquire ProAmpac
(Cincinnati, Ohio, USA, Oct. 17, 2016) Pritzker Group Private Capital today announced it has signed a definitive agreement to acquire ProAmpac, a leading global flexible packaging company, from Wellspring Capital Management.
Pritzker Group Private Capital and other co-investors are investing alongside the ProAmpac management team, which will remain a significant shareholder, continue to lead the company and serve on its board of directors. The transaction is expected to close later in November.
ProAmpac operates under the Prolamina, Ampac and Tulsack brands. Read More...
AR Packaging Acquires Maju Jaya Sarana Grafika in Indonesia
(Sweden / Indonesia, Oct. 17, 2016) AR Packaging Group AB is pleased to announce that it has entered into a binding agreement with PT Maju Jaya Sarana Grafika (MJSG) for the acquisition of a significant majority stake in the company. Adrian Koesnendar, CEO and co-owner of the family business, will continue to own the remaining shares.
Maju Jaya is one of the leading Indonesian packaging companies with a majority of the customer base in the tobacco and food segments. The Read More...