Yearly Archives: 2016
Moody’s downgrades Resolute’s bond rating to B1; raises liquidity to SGL-1
(Toronto, 08 Sep 2016) Moody’s Investors Service, (Moody’s) downgraded Resolute Forest Product Inc’s (Resolute) senior unsecured notes due 2023 to B1 from Ba3 and raised the speculative-grade liquidity rating to SGL-1 (very good liquidity) from SGL-2 (good liquidity). The company’s existing ratings, including the Ba3 Corporate Family Rating and Ba3-PD Probability of Default Rating were affirmed. The outlook remains stable.
“The downgrade of the senior unsecured notes resulted from Resolute’s announcement to add $185 million of additional secured debt which Read More...
Hengan Starts Up Valmet-supplied Tissue Line in Wuhu, China
(Helsinki, Sept. 6, 2016) Valmet announced that an Advantage DCT 200HS tissue line supplied by Valmet successfully started up in August at Hengan’s paper mill in Wuhu, Anhui province in China.
According to Valmet, the installation and commissioning were performed in record time and the start-up went very smoothly. The new tissue machine adds another 60,000 annual tons of tissue products to Hengan’s current production of more than one million tons per year.
PM 19 is Valmet’s fifth tissue machine delivery Read More...
Ten Toscotec tissue machines up and running at Vinda’s Sanjiang (China) mill
(Italy / China, Sept. 06, 2016) Vinda Paper (China) Co., Ltd. in Sanjiang mill, Jiangmen, has started up two new Toscotec’s machines, TM 9 & 10. Both machines are AHEAD-2.0M with a design speed of 1,800 mpm.
TM10 is the 21st machine supplied by Toscotec to Vinda.
Vinda’s Sanjiang mill in Guangdong province has now ten Toscotec tissue machines of different models and configurations. Considering the start-ups of TM9 and TM10, the Chinese producer has achieved startup of all 10 machines Read More...
Resolute’s Calhoun Tissue Operation on Track for First-Quarter 2017 Start-Up
(Calhoun, Tennessee, USA, Sept. 7, 2016) Resolute Forest Products today announced completion of commissioning of the first tissue converting line at its state-of-the-art tissue facility currently under construction in Calhoun, Tennessee. The remaining two lines will be commissioned by year-end.
“We are on schedule with the $270 million project, our largest investment since 2010,” stated Richard Garneau, president and chief executive officer.
“The first production of bath tissue and towel came off the converting line on August 17, representing an important Read More...
Caraustar Industries Acquires Los Angeles Paper Box
(USA, Sept. 6, 2016) Caraustar Consumer Packaging announced that it has acquired Los Angeles Paper Box, a folding carton and rigid box company specializing in supplying the food industry.
Terms of the deal were not disclosed.
Los Angeles Paper Box is located in Commerce, California and has been serving its customers for over 100 years.
“With the acquisition of Los Angeles Paper Box, we will service our West Coast customers in a more efficient manner,” said Dean Dietrich, Vice President and General Read More...
DS Smith Completes Acquisition of Deku-Pack in Denmark; obtains €3.2M financing to develop Hungarian operations
(London, Sept. 5, 2016) DS Smith said that it has completed the acquisition of Deku-Pack, following receipt of competition authority clearance.
Terms of the deal, which was announced on July 20, were not disclosed.
Deku-Pack is a specialist in Point of Sale and display products and services for in-store marketing, located in Denmark and employs about 80 people. The business is focused on FMCG, retail and media markets and significantly builds on DS Smith’s capability within the Scandinavian markets.
Miles Roberts, CEO Read More...
Solenis to acquire Nopco Paper Technology
(Sept. 07, 2016) Solenis signed an agreement to acquire the shares in Nopco Holding AS and related subsidiaries (“Nopco”), a producer and supplier of advanced chemical solutions for the pulp and paper industry.
The transaction is expected to close in the fourth quarter of 2016, following receipt of customary regulatory approvals in Germany.
Nopco produces defoamers, collecting agents, deposit control agents, and insolubilizers for the European pulp and paper, industrial and recycling markets. Nopco’s antifoam and de-inking products are complimentary to Read More...
Sonoco-Alcore to increase prices for tubes & cores in Europe
(Belgium, Sept. 2, 2016) Sonoco-Alcore S.a.r.l. announced it will increase prices for paper-based tubes and cores by up to 8 percent, depending on product category, to all customers in Europe, effective from shipments beginning on October 1, 2016.
“The increase follows a recent rise in coreboard prices across Europe driven predominantly by higher raw material costs,” said Karsten Kemmerling, Director of Sales and Marketing - Tubes and Cores, Europe. “We continue to do all we can to maintain tight cost Read More...
Multimedia: Learn why corrugated looks better and is safer
(USA, Sept. 2016) The benefits of corrugated packaging.
Go To: http://bit.ly/27sFc79
And know why corrugated has more retail appeal
http://www.corrugateddelivers.com/retail-appeal/ (Source: Corrugated Packaging Delivers)
Read More...
PulpEye delivered dynamic drainage analyzer to Solenis LLC
(August 24, 2016) Enables measurement of drainage conditions for different pulp mixtures, refining levels, chemicals and filler additives, etc.
Solenis LLC recently purchased Dynamic Drainage Analyzer (DDA) No. 100 from PulpEye. The DDA is a dynamic drainage tester which gives drainage values comparable to drainage in a wire section. The tester is used by paper and board producers as well as chemical and filler suppliers around the world. With the aid of the DDA, drainage conditions for different pulp mixtures, Read More...
Link: The Relative Advantages of Paper and Digital Media in Education
(USA, Sept. 2016) In the past decade, classrooms have begun to shift away from textbooks, notebooks, pens and pencils and toward electronic media. In college lecture halls, increasing numbers of students are taking notes on laptops, and in high school classrooms, teachers are incorporating computers and tablets into their lesson plans. While there are advantages to electronic media, a growing number of studies show that some educational goals are better achieved using traditional pen and paper methods. Thus, rather Read More...
Archroma launches a new concentrated OBA with reduced CO2 footprint
(Switzerland, June 29, 2016) Archroma, a global leader in color and specialty chemicals, has extended its range of cost-effective, concentrated optical brightening agents (OBAs) for printing and writing papers. The new urea-containing disulphonated OBA -- Leucophor® ACS liq -- is particularly suited for stock application and for use in coating formulations that contain PVOH, CMC or casein as a secondary binder.
Leucophor ACS liq is a newly developed chemistry that delivers a variety of benefits to papermakers worldwide. Archroma’s concentrated Read More...