Yearly Archives: 2016

Sonoco announces price increase on recycled paperboard in U.K.

August 4, 2016 5:38 am

(London, July 28, 2016) Sonoco-Alcore S.a.r.l. today announced it will raise prices by £40 per tonne on all recycled paperboard grades sold in the United Kingdom. The price change will be effective with shipments on or after August 15, 2016. “This price increase is in direct response to rising raw material costs,” said Phil Woolley, director, Paper Europe. “We will continue to monitor market conditions to determine if additional pricing actions will be required in other European markets.” Sonoco Alcore S.a.r.l. Read More...

Graphic Packaging Second Quarter 2016 Net Sales Up on Acquisitions

August 4, 2016 5:36 am

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Packaging

(USA, July 26, 2016) Graphic Packaging Holding Company (GPK), a leading provider of packaging solutions to food, beverage and consumer product companies, today reported Net Income for second quarter 2016 of $77.8 million, or $0.24 per share, based upon 322.5 million weighted average diluted shares. This compares to second quarter 2015 Net Income of $57.6 million, or $0.17 per share, based on 330.9 million weighted average diluted shares. Second quarter 2016 Net Income was positively impacted by a discrete tax Read More...

Domtar Reports Preliminary Second Quarter 2016 Financial Results

August 4, 2016 5:35 am

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(USA, July 27, 2016) Domtar Corporation (UFS) (UFS.TO) today reported net earnings of $18 million ($0.29 per share) for the second quarter of 2016 compared to net earnings of $4 million ($0.06 per share) for the first quarter of 2016 and net earnings of $38 million ($0.60 per share) for the second quarter of 2015. Sales for the second quarter of 2016 were $1.3 billion. “We had a solid performance given the extensive scheduled maintenance outages and the Ashdown Read More...

International Paper Reports Second Quarter 2016 Earnings

August 4, 2016 5:33 am

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(USA, July 28, 2016) International Paper (IP) today reported second quarter 2016 net earnings attributable to International Paper of $40 million ($0.10 per share) compared with net earnings of $334 million ($0.81 per share) in the first quarter of 2016 and net earnings of $227 million ($0.54 per share) in the second quarter of 2015. Net earnings in all periods include the impact of special items, if any, non-operating pension expense and discontinued operations. Operating Earnings in the second quarter Read More...

SCA’s CEO Says Company Had Solid Second Quarter in 2016

August 4, 2016 5:29 am

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(Sweden, June 19, 2016) SCA’s President and CEO, Magnus Groth, commenting on the company’s second quarter performance noted that SCA had another solid quarter with strong organic growth in adjusted operating profit primarily coming from the hygiene part of the business. “The second quarter of 2016 showed continued good organic growth in adjusted operating profit compared with the same period a year ago. We have introduced seven innovations in consumer tissue, among other areas, under the Lotus, Okay, Plenty and Read More...

Stora Enso Reports Results for Second Quarter 2016

August 4, 2016 5:27 am

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(Helsinki, Finland, July 21, 2016) Stora Enso today reported second quarter 2016 results. 1. Q2/2016 (compared with Q2/2015) --Sales EUR 2 526 (EUR 2 562) million decreased 1.4%. Sales excluding the structurally declining paper business and divested Barcelona Mill increased 3.6%, primarily due to the ramp-up of Varkaus kraftliner mill and additional volumes from Ostroêka containerboard mill. --Operational EBIT increased 9.2% to EUR 226 (EUR 207) million, including a bad debt provision of EUR 6 million in the Paper division, lower variable Read More...

SKF Enters Two-Year Bearings Supply Contract with CMPC in Chile

August 4, 2016 5:23 am

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(Gothenburg, Sweden, July 25, 2016) SKF announced that it has entered into a two-year contract to supply a wide range of bearings and support services to CMPC, one of the major Chilean pulp and paper companies. CMPC’s facilities in Latin America include extensive and sustainably managed forestry plantations, plus a range of sawn timber, plywood, pulp, containerboard, corrugated, and tissue mills. The company also has plants for moulded products and recycling, plus a paper distribution business unit. SKF will become a Read More...

Czech Papcel secures deals in Ukraine, Kazakhstan

August 4, 2016 5:21 am

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(Prague, July 18, 2016) Czech paper machine producer Papcel a.s. has obtained three contracts to supply machinery to paper manufacturers from Ukraine and Kazakhstan. Papcel will deliver machinery and modernize the production facility of Ukraine’s Kochawina paper producer. The contract is to be completed in the fourth quarter of 2016. Also in Ukraine, the Czech company will modernize the machinery it supplied to local paper maker Alatyrskaya in 2008. The deal is scheduled to be implemented in late 2016. The third Read More...

Canada: Construction begins on Ensyn’s Cote-Nord biocrude plant

August 4, 2016 5:19 am

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Forest Products

(Montreal, July 20, 2016) Designed to take advantage of the province’s abundant supply of biomass to produce clean fuel, the Cote Nord Project will convert tens of thousands of metric tonnes of slash and other forest industry residues into millions of litres of renewable biocrude each year. The project, known officially as AE Côte-Nord Canada Bioenergy Inc., will cost $103.9 million to build and is expected to come online by the end of next year. Once completed, the Cote-Nord project Read More...

Iggesund Paperboard to Open Sales Office in Japan

August 4, 2016 5:17 am

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(Stockholm, Sweden,, July 25, 2016) Iggesund Paperboard recently announced that it is expanding in the Asia Pacific region and will open a sales office in Japan from September 1. Over the past year Iggesund has established a service center with sheeting and warehousing in Taiwan to cut lead times in the region. “Traditionally Iggesund has focused very much on Europe but we are now prioritizing work to increase our global sales,” said Arvid Sundblad, Vice President Sales and Marketing for Read More...

Stats: U.S. Boxboard Production Decreased in June 2016

August 4, 2016 5:16 am

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Packaging

(Washington DC, USA, July 22, 2016) The American Forest & Paper Association has released its June 2016 U.S. Paperboard Report, which said total boxboard production decreased 2.0 percent when compared to June 2015 and decreased 2.4 percent from last month. Unbleached Kraft Boxboard production decreased over the same month as last year but increased compared to last month. Total Solid Bleached Boxboard & Liner production decreased when compared to June 2015 and decreased compared to last month. The production of Recycled Boxboard Read More...

Stats: U.S. Kraft Paper Shipments in June Down 8.5 Percent

August 4, 2016 5:14 am

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Paper

(Washington DC, USA, July 22, 2016) The American Forest & Paper Association has released its June 2016 U.S. Kraft Paper Report. Total Kraft paper shipments were 137.8 thousand short tons, 8.5 percent lower compared to June of last year, which had the highest shipment volume in 2015. Bleached Kraft paper shipments increased from 7.0 thousand short tons in May to 7.7, while unbleached Kraft paper decreased from 131.0 to 130.1 thousand short tons. Overall, shipments in the first half of 2016 Read More...

Stats: U.S. Containerboard Production in June 1.3% Lower than June 2015

August 4, 2016 5:12 am

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Packaging

(Washington DC, USA, July 22, 2016) The American Forest & Paper Association has released its June 2016 U.S. Containerboard Statistics Report, which said containerboard production was 1.2 percent lower compared to June 2015. The month-over-month average daily production compared to May 2016 was 0.4 percent higher. The containerboard operating rate for June remained flat at 95.6 percent, while the year-to-date operating rate of 94.5 percent was 1.6 percentage points lower compared to the first half of 2015. (Source: press release) Read More...

Stats: U.S. Printing-Writing Paper Shipments Decreased 6 Percent in June 2016

August 4, 2016 5:11 am

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Paper

(Washington DC, USA, July 22, 2016) The American Forest & Paper Association has released its June 2016 Printing-Writing Paper Report. According to the report, total printing-writing paper shipments decreased 6 percent in June compared to June 2015. Total printing-writing paper inventory increased 2 percent from May levels. Uncoated free sheet (UFS) paper shipments decreased 5 percent compared to June 2015. UFS imports were down 41percent year-over-year in May with exports down 17 percent. March coated free sheet (CFS) paper shipments increased 1 Read More...

Holmen completes sale of Spanish newsprint mill to International Paper

July 1, 2016 6:12 am

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Company News

(Sweden, June 30, 2016) Holmen announced that the sale of its newsprint mill in Madrid, Spain to International Paper (IP) has been completed. The deal was previously announced in mid-March of this year. IP has plans to convert production at the mill to recycled containerboard production, but will continue to produce newsprint at the mill until the second half of 2017. During this period, Holmen will sell the newsprint produced at the mill and continue to serve its customers. “During this Read More...