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Brazilian pulp major Suzano reports strong operating cash generation of R$ 723 million in 2Q16

August 8, 2016 7:03 pm
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Company News
(Brazil, Aug. 03, 2016) 2Q16 Highlights: --New records set for Revenue, Adjusted EBITDA and Operating Cash Generation¹ in the LTM² of R$ 10.9 billion, R$ 4.94 billion and R$ 3.8 billion, respectively. --Consolidation of the paper price increase in the domestic market and advance in the Suzano+ Program. --Lower cash cost in the quarter (ex-maintenance downtime): R$ 636/ton (-R$ 18/ton vs. 1Q16). --Adjusted EBITDA of R$ 803/ton, demonstrating the resilience of the paper industry. Net Revenue Suzano’s net revenue in 2Q16 amounted to R$ 2,503.5 Read More...

Resolute reports preliminary second quarter 2016 results; reports 4 per cent drop in 2Q sales

August 8, 2016 7:00 pm
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Company News
(Canada, Aug. 4, 2016) Resolute Forest Products Inc. today reported a GAAP net loss for the quarter ended June 30, 2016, of $42 million, or $0.47 per share, compared to a GAAP net loss of $4 million, or $0.04 per share, in the same period in 2015. Sales were $891 million in the quarter, down $35 million, or 4%, from the second quarter of 2015. Excluding special items, the company reported net income of $6 million, or $0.07 per Read More...

Neenah Reports Record Second Quarter 2016 Results

August 8, 2016 6:57 pm
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Company News
(Alpharetta, GA., USA, August 03, 2016) Neenah Paper, Inc. (NP) today reported 2016 second quarter results. Second Quarter Highlights --Revenues of $246.0 million increased 16 percent with organic and acquisition-driven growth. Operating income grew 22 percent to $33.9 million ($35.3 million after excluding $1.4 million of integration and restructuring costs). --Earnings per diluted share from continuing operations of $1.21 compared with $0.96 per share in 2015. Excluding 2016 integration and restructuring costs of $0.05 per share, adjusted E.P.S. of $1.26 increased 31 percent. --Cash Read More...

Weyerhaeuser improved 2Q net earnings

August 8, 2016 6:55 pm
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Company News
(USA, August 05, 2016) Weyerhaeuser Company reported 2Q 2016 net earnings of $157 million on net sales from continuing operations of $1.7 billion. This compares with net earnings of $133 million on net sales from continuing operations of $1.3 billion for the same period last year. “Our businesses delivered solid second quarter operating results, with Wood Products capitalizing on improving markets and ongoing operational excellence initiatives to report its strongest quarter in over a decade,” said Doyle R. Simons, president Read More...

Glatfelter reports second-quarter 2016 earnings; performance in line with expectations

August 8, 2016 6:54 pm
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Paper
(USA, Aug. 2, 2016) Glatfelter (GLT) today reported second-quarter 2016 net income of $2.0 million, or $0.04 per diluted share compared with $2.8 million, or $0.06 per diluted share in the second quarter of 2015. Adjusted earnings for the second quarter of 2016 were $2.8 million, or $0.06 per diluted share compared with $1.8 million, or $0.04 per diluted share, for the same period a year ago. Adjusted earnings is a non-GAAP measure for which a reconciliation is provided Read More...

Toscotec starts up PM1 at Papeterie Sical

August 8, 2016 6:52 pm
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Packaging
(Italy, August 04, 2016) Papeterie Sical and Toscotec announce the successful start-up of PM#1 after a deep press section and related parts modification. The machine came in operation according the planned shut-down time and, after the optimization phase, is now producing the targeted container board products quality. The project, finalized to improve out press dryness performance, liners top side printability as well as machine runnability, includes new TT Combi-Press with a tailored TT Pick-up press roll, new press rolls with Read More...

Metsä Board to shut down wallpaper base machine

August 8, 2016 6:50 pm
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Paper
(Finland, August 04, 2016) Metsä Board is planning to close down its wallpaper base machine PM3 and discontinue its loss-making wallpaper base manufacturing at the Kyro mill in Hämeenkyrö, Finland. The demand for wallpaper base is decreasing globally, and Metsä Board is focusing on paperboard, meaning that wallpaper base production is not included in the company’s core business operations. In 2015, sales from Kyro’s paper business operations totalled Euro 50 million, and the operating result was Euro -5 million. In addition to Read More...

Canada: Catalyst permanently shuts down paper machine No. 9 at Powell River

August 8, 2016 6:48 pm
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Paper
(Canada, Aug. 1, 2016) Catalyst Paper on July 29 announced that it has permanently shut down Paper Machine No. 9 at the Powell River mill. Paper Machine No. 9 has been indefinitely curtailed since Dec. 2014. The No. 9 machine produced specialty paper grades. The Powell River Mill, located on the mainland coast of British Columbia, Canada, is a leading producer of high-quality uncoated mechanical specialty papers and has the capacity to produce 350,000 tonnes per year. Catalyst noted that it continues Read More...

Volga pioneers production of higher brightness paper

August 8, 2016 6:46 pm
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Newsprint
(Russia, August 01, 2016) Russian newsprint manufacturer Volga with technical support from BASF (Germany) conducted a production experiment in pulp bleaching — the first of its kind in Russia -- whereby a mixture of sodium dithionite and some modifying agents was added to the refiner to manufacture TMP with high brightness level. This TMP was then used in trial production of newsprint. As a result, Volga produced 45 g/m2 newsprint (900 tonnes) with a brightness gain of 66% against standard Read More...

U.S. Department of Justice concludes review of International Paper’s acquisition of Weyerhaeuser pulp business; approves acquisition

August 8, 2016 6:45 pm
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Company News
(Memphis, Tenn., USA, Aug. 5, 2016) The U.S. Department of Justice has concluded its Hart-Scott-Rodino review of International Paper’s (NYSE: IP) announced acquisition of Weyerhaeuser’s pulp business without taking any action. Regulatory reviews in other non-U.S. jurisdictions are ongoing. Completion of the transaction is expected to occur in the fourth quarter of 2016. On May 2, 2016, International Paper announced it had signed a definitive agreement with Weyerhaeuser to acquire its pulp business. Under terms of the agreement, IP will Read More...

Ratings: S&P upgrades Ence’s outlook

August 8, 2016 6:44 pm
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Ratings
(Spain, August 01, 2016) Standard & Poor’s has upgraded its outlook on Ence - Energía y Celulosa - from stable to positive and maintains its BB- corporate credit rating. The outlook improvement reflects the potential for a credit rating upgrade in the next 12 months due to Ence´s strong profitability and cash flow generation, along with its sustained low leverage, high credit ratios and liquidity position, even in lower pulp price scenarios. Standard & Poors expects Ence´s operating margins and return Read More...

Case Paper’s Sunshine Opaque Swatchbook Updated

August 8, 2016 6:43 pm
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Company News
(USA, August 4, 2016) Case Paper Co. recently updated the swatchbook for its popular line of Sunshine Opaque™ papers, a premium line of uncoated paper in both text and cover weights. Sunshine Opaque is available in standard sheet sizes. With crisp, bright whites, superior stability, and high color fidelity, Sunshine Opaque has a smooth surface and excellent printability. “We are pleased to release this updated swatchbook for a line of uncoated paper that has been in high demand for a Read More...

Sappi North America Invests $25 Million in its Somerset Mill Woodyard

August 8, 2016 6:41 pm
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Company News
(Boston, USA, August 03, 2016) Sappi North America today announced that it will move forward with a $25 million capital project to update its Somerset Mill woodyard. This strategic plan will allow the company to modernize the wood debarking, chipping and chip distribution systems. According to the company, the capital investment will improve reliability, reduce white wood losses and costs as well as enhance efficiency gains through the increased production of wood chips. “Continually investing in our operations, processes and people Read More...

ABB to supply automation to new tissue mill in Maine

August 8, 2016 6:40 pm
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Tissue
(USA, August 05, 2016) ABB commissioned the electrical and automation systems and equipment for the two new tissue production machines at St. Croix Tissue’s newly constructed mill in Baileyville, Maine. The first machine started production earlier this year. ABB’s delivery for both machines at the new mill includes quality control systems, tissue machine drive systems, 800xA control systems, collaborative production management, as well as motors, drives, and electrification equipment and infrastructure, and a resident service contract. The integrated systems will provide Read More...

AF&PA CEO Says U.S. EPA Lagging Behind Europe in Recognizing Benefits of Biomass Energy

August 8, 2016 6:38 pm
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Forest Products
(Washington DC, August 4, 2016) American Forest & Paper Association (AF&PA) President and CEO Donna Harman issued the following statement regarding the European Commission’s recent proposal to integrate land use and forestry sector into its Climate and Energy Framework. “The European Commission (EC) recently released its proposal to integrate the land use and forestry sector (LULUCF) into the European Union’s 2030 Climate and Energy Framework. The EC’s proposal, released on July 20, reiterates its current accounting practice for bioenergy, Read More...
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