News

Sappi 3rd Quarter Profit Dips on Planned Production Downtime Sappi 3rd Quarter Profit Dips on Planned Production Downtime
8/7/2011
Sappi today reported results for its fiscal third quarter ending June 2011.

Operating profit excluding special items US$60 million; Q3 2010 US$75 million
General economic uncertainty, particularly in Europe
North American and chemical cellulose businesses continue to perform strongly
Planned annual maintenance shuts at major pulp mills
High input costs only
Kapstone Reports Record 2nd Quarter Earnings on Strong Sales, Production Kapstone Reports Record 2nd Quarter Earnings on Strong Sales, Production
8/7/2011
KapStone Paper and Packaging Corporation [yesterday] reported record results for the second quarter ended June 30, 2011.

Net sales of $215 million, up $16 million or 8 percent, versus 2010
Average revenue per ton of $633, up $48 or 8 percent, versus 2010
Diluted EPS of $0.38, up $0.23 or 153 percent, versus 2010
Adjusted EBITDA of $44 million, up $19 million or 76 per
Metso Paper and Fiber Technology Reorganizes Metso Paper and Fiber Technology Reorganizes
8/7/2011
Metso’s Paper and Fiber Technology segment (PFT) announced that it will have a new organization, effective October 1, 2011.
Global Conditions Putting Pressure on Pulp and Paper Markets Global Conditions Putting Pressure on Pulp and Paper Markets
8/7/2011
Summer doldrums? Slowing growth in China? Uncertainty around U.S. budget discussions? A bit of all the above???
Sappi to Close Adamas Paper Mill in South Africa at end-August Sappi to Close Adamas Paper Mill in South Africa at end-August
8/7/2011
Sappi Southern Africa said that it will shut down its Adamas paper mill in Port Elizabeth, South Africa. The permanent closure of the mill is expected to be finalized at the end of August.
PaperWorks Wabash Mill Reaches Safety Milestone PaperWorks Wabash Mill Reaches Safety Milestone
8/7/2011
PaperWorks said that its mill in Wabash, Indiana on July 31 reached its one millionth consecutive hour without an accident
RockTenn Posts 3rd Quarter Loss on Smurfit-Stone Acquisition Charges RockTenn Posts 3rd Quarter Loss on Smurfit-Stone Acquisition Charges
8/7/2011
RockTenn today reported a loss for the quarter ended June 30, 2011 [fiscal third quarter] of $0.60 per diluted share due to Smurfit-Stone acquisition related charges. The Company’s adjusted earnings were $1.29 per diluted share, up 13% compared to the prior year quarter adjusted earnings of $1.14 per diluted share
Ilim Group Production Up 5% for First Half 2011 Ilim Group Production Up 5% for First Half 2011
8/3/2011
Based on the results of the first six months of 2011, Ilim Group's mills have produced 1,268,000 tons of pulp and paper products, which is 5% more as compared to the same period of the previous year.

Market pulp production added up to 799,000 tons. This is 3.5% more than in January-June of 2010.
Glatfelter Reports Improved 2nd Quarter Earnings Glatfelter Reports Improved 2nd Quarter Earnings
8/3/2011
Glatfelter today reported 2011 second quarter adjusted earnings of $3.1 million, or $0.07 per diluted share, compared with $0.9 million, or $0.02 per diluted share, in the 2010 second quarter. Adjusted earnings for the 2011 second quarter benefited $0.06 per share from favorable tax adjustments. On a GAAP basis, second quarter 2011 net income totaled $2.5 million, or $0.05 per share, compared with
Georgia-Pacific Reaches Labor Pact Agreement with United Steelworkers Georgia-Pacific Reaches Labor Pact Agreement with United Steelworkers
8/3/2011
Georgia-Pacific and the United Steelworkers (USW) have reached an agreement setting terms that will be offered in USW labor contracts as they are renewed at 13 of the company's pulp and paper mills between 2011 and 2014.
SCA to Acquire Majority Stake of San Saglik SCA to Acquire Majority Stake of San Saglik
8/2/2011
SCA said that it is acquiring 95 percent of the Turkish hygiene products company San Saglik, producer of incontinence care products, from the family-owned MT Group.
Sonoco-Alcore Making Upgrades at Three URB Mills in Europe Sonoco-Alcore Making Upgrades at Three URB Mills in Europe
8/2/2011
Sonoco-Alcore S.a.r.l said that it is making multi-million dollar investments in three of its European uncoated recycled paperboard (URB) mills to improve their energy efficiency, product range and environmental performance.
Domtar Reports 2nd Quarter 2011 Earnings Domtar Reports 2nd Quarter 2011 Earnings
7/30/2011
Domtar Corporation today reported net earnings of $54 million ($1.30 per share) for the second quarter of 2011 compared to net earnings of $133 million ($3.14 per share) for the first quarter of 2011 and net earnings of $31 million ($0.71 per share) for the second quarter of 2010. Sales for the second quarter of 2011 amounted to $1.4 billion.
International Paper 2nd Quarter 2011 Earnings Up Sharply International Paper 2nd Quarter 2011 Earnings Up Sharply
7/30/2011
International Paper (NYSE: IP) today reported second-quarter 2011 net earnings attributable to common shareholders totaling $224 million ($ $0.52 per share) compared with net earnings of $342 million ($0.78 per share) in the first-quarter of 2011 and $93 million ($0.21 per share) in the second-quarter of 2010. Amounts in all periods include the impact of special items.
Longview Fibre Paper and Packaging Realigns Leadership Team Longview Fibre Paper and Packaging Realigns Leadership Team
7/30/2011
Longview has realigned its leadership team to focus on growth and meeting customers’ needs. As part of this change, the company is announcing several new
Fibria Receives Offers for Piracicaba Paper Mill in Sao Paulo Fibria Receives Offers for Piracicaba Paper Mill in Sao Paulo
7/30/2011
Fibria said that it has received offers for its specialty paper mill in Piracicaba, Sao Paulo, Brazil.
Appleton Elects Mark Suwyn and George W. Wurtz to Board Appleton Elects Mark Suwyn and George W. Wurtz to Board
7/30/2011
Appleton announced today that Mark A. Suwyn and George W. Wurtz have been elected to its board of directors
Wausau Paper Posts 2nd Quarter 2011 Profit Wausau Paper Posts 2nd Quarter 2011 Profit
7/30/2011
Wausau Paper [yesterday] reported that:

Second-quarter net earnings of $0.07 per share compared with a first-quarter net loss of $0.03 per share and prior-year net earnings of $0.11 per share.
Excluding special items, second-quarter adjusted net earnings of $0.08 per share increased from first-quarter and prior-year earnings of $0.03 per share and $0.07 per share, respectively. <
PaperWorks Industries to Hike Price for Coated and Uncoated Recycled Paperboard PaperWorks Industries to Hike Price for Coated and Uncoated Recycled Paperboard
7/26/2011
PaperWorks Industries said that it will increase prices on all grades of coated and uncoated recycled paperboard by $40 per ton.
CEPIPRINT Releases June Figures for European Mechanical Papers CEPIPRINT Releases June Figures for European Mechanical Papers
7/26/2011
CEPIPRINT issues today its monthly summary of European (Western + Eastern) mechanical paper statistics
Sonoco Looks to Reduce Landfill Waste from Manufacturing Plants Sonoco Looks to Reduce Landfill Waste from Manufacturing Plants
7/26/2011
Sonoco announced goals aimed at moving its manufacturing plants to landfill-free status, according to Harris DeLoach Jr., chairman and chief executive officer
U.S. Printing-Writing Paper Shipments Down in June U.S. Printing-Writing Paper Shipments Down in June
7/23/2011
According to the American Forest & Paper Association’s June 2011 Printing-Writing Paper Report, total printing-writing paper shipments decreased 5.1% in June compared to June 2010. All four major printing-writing grades posted decreases compared to last June.
AF&PA Applauds Introduction of Bipartisan Senate Legislation for Achievable Boiler MACT Rules AF&PA Applauds Introduction of Bipartisan Senate Legislation for Achievable Boiler MACT Rules
7/23/2011
American Forest & Paper Association President and CEO Donna Harman [July 20] issued the following statement on introduction of legislation in the U.S. Senate to address EPA’s Boiler MACT rules.
Temple-Inland Reports 2nd Quarter 2011 Earnings Temple-Inland Reports 2nd Quarter 2011 Earnings
7/23/2011
Temple-Inland Inc. today reported second quarter 2011 net income of $19 million, or $0.17 per diluted share, compared with first quarter 2011 net income of $16 million, or $0.15 per diluted share, and second quarter 2010 net income of $20 million, or $0.18 per diluted share.
Billerud Buys 30% Stake in PACCESS Packaging, Targets Asia Billerud Buys 30% Stake in PACCESS Packaging, Targets Asia
7/23/2011
Billerud is strengthening its position within the packaging industry by investing in a minority stake in PACCESS Packaging, a U.S.-based company with numerous operations throughout Asia.
AbitibiBowater Names Jo-Ann Longworth as Chief Financial Officer AbitibiBowater Names Jo-Ann Longworth as Chief Financial Officer
7/23/2011
AbitibiBowater announced that Jo-Ann Longworth will become Chief Financial Officer, effective August 31, 2011.
UPM Appoints Mika Mikkola as VP, Investor Relations UPM Appoints Mika Mikkola as VP, Investor Relations
7/23/2011
UPM has appointed Mika Mikkola as Vice President, Investor Relations, effective August 1, 2011. He succeeds Olavi Kauppila, who will retire as of October 1.
Sappi to Permanently Close Biberist Paper Mill in Switzerland Sappi to Permanently Close Biberist Paper Mill in Switzerland
7/21/2011
After an exhaustive search for possible purchasers for its Biberist mill in Switzerland, Sappi Fine Paper Europe has today announced that it has been unsuccessful in its attempts to find a suitable acquirer to allow continued operations and employment at the mill
Proposed Amendment of the Sulphur Directive Would Weaken the Competitiveness of the Finnish Forest Industry Proposed Amendment of the Sulphur Directive Would Weaken the Competitiveness of the Finnish Forest Industry
7/21/2011
The EU Commission has published its proposed amendment to the Sulphur Directive, which would lead to the maximum sulphur content of maritime fuels being lowered to 0.1% on the Baltic Sea by the beginning of 2015.
Clearwater Paper to Offer FSC Certified Premium and Ultra Tissue Products Clearwater Paper to Offer FSC Certified Premium and Ultra Tissue Products
7/21/2011
Clearwater Paper announced that it will offer Forest Stewardship Council (FSC)-certified premium and ultra-premium bath tissue, and ultra-premium paper towel products to retail customers. The Rainforest Alliance’s SmartWood Program performed all certification audits to ensure conformance to the FSC standards. The company shipped the first batch of these new FSC-certified ultra-premium tissue produ
U.S. Kraft Paper Shipments Down in June, Year/Year U.S. Kraft Paper Shipments Down in June, Year/Year
7/20/2011
The American Forest & Paper Association released its June 2011 Kraft Paper Sector Report, which showed total Kraft paper shipments were 135.1 thousand tons, a decrease of 3.5% compared to June 2010, but up 2.5% when compared to May 2011. Total inventory was 62.6 thousand tons.
Ilim Group's Production in Northwest Russia Increased 8% in First Half 2011 Ilim Group's Production in Northwest Russia Increased 8% in First Half 2011
7/20/2011
Ilim Group said that over the first six months of 2011 its locations in the Northwest of Russia (the Company's Branch in Koryazhma and Ilim Gofra corrugated board plant in Leningrad Oblast) have manufactured 530,000 of pulp and paper products — 8% above the performance during similar period in 2010.
Packaging Corp of America 2Q Net Income Up Slightly Packaging Corp of America 2Q Net Income Up Slightly
7/20/2011
Packaging Corporation of America yesterday reported second quarter 2011 net income of $39 million, or $0.39 per share, which included after-tax income of $1 million, or $0.01 per share, from an adjustment to reserves related to medical benefits, and a $1 million, or $0.01 per share, charge from asset disposals related to major energy projects. Reported results for the second quarter of 2010 were n
Horizon Pulp and Paper 1st Half 2011 Earnings Up on Strong Sales Horizon Pulp and Paper 1st Half 2011 Earnings Up on Strong Sales
7/20/2011
Horizon Pulp & Paper reported first half 2011 turnover of EUR 30 million and net profit of EUR 8.1 million with a margin of 27 percent.
U.S. Containerboard Production Flat in June U.S. Containerboard Production Flat in June
7/19/2011
The American Forest & Paper Association (AF&PA) released its June 2011 U. S. Containerboard Statistics Report, which shows containerboard production was flat when compared to May 2011. However, the month-over-month average daily production was up 3.3%.
Voith to Supply Stora Enso Ostroleka Mill with New Testliner Paper Machine Voith to Supply Stora Enso Ostroleka Mill with New Testliner Paper Machine
7/19/2011
Voith Paper said that it will supply a new paper machine for the production of testliner to Stora Enso's Ostroleka Mill in Poland.
Andritz Completes Acquisition of Iggesund Tools Andritz Completes Acquisition of Iggesund Tools
7/19/2011
ANDRITZ has acquired Iggesund Tools International AB, headquartered in Iggesund, Sweden, including its subsidiaries in the USA, Canada, and other countries. The acquired companies have approximately 160 employees and generate annual sales of about 25 MEUR.
Scheufelen to Increase Price for Coated Woodfree Paper and Reels Scheufelen to Increase Price for Coated Woodfree Paper and Reels
7/16/2011
Papierfabrik Scheufelen (Lenningen, Germany) said that it will increase prices for coated woodfree (BVS) paper and reels (BRO) by 8% in all regions, effective with deliveries Sept. 1.
Georgia-Pacific Announces Debt Refinancing Georgia-Pacific Announces Debt Refinancing
7/16/2011
Georgia-Pacific LLC today announced that it expects to raise $3 billion to $3.5 billion in unsecured financing to refinance its secured indebtedness outstanding under its existing senior secured credit facilities.
Catalyst Paper Names Brian Johnston VP, Technical Services Catalyst Paper Names Brian Johnston VP, Technical Services
7/16/2011
Catalyst Paper announced the appointment of Brian Johnston to the role of vice president, technical services. Most recently Johnston served as vice president operations.
SP Newsprint Reaches Forbearance Agreement With Its Lenders SP Newsprint Reaches Forbearance Agreement With Its Lenders
7/16/2011
SP Newsprint Co., LLC [on July 12] announced that it has entered into a forbearance agreement with its revolving and term lenders.
EU Commission Approves UPM's Acquisition of Myllykoski, Rhein Papier EU Commission Approves UPM's Acquisition of Myllykoski, Rhein Papier
7/16/2011
The European Commission has today unconditionally approved UPM-Kymmene Oyj’s acquisition of Myllykoski Corporation and Rhein Papier GmbH ("Myllykoski"). Thus UPM has obtained all required regulatory clearances for the transaction. The target for the final closing of the transaction is in late July - early August. The companies announced the transaction on 21 December 2010
Gunns Agrees to Sell Triabunna Woodchip Mill to Wealthy Entrepreneurs Gunns Agrees to Sell Triabunna Woodchip Mill to Wealthy Entrepreneurs
7/16/2011
Gunns Limited said that it has entered into an agreement for the sale of the Triabunna woodchip facility in Tasmania, Autralia to Triabunna Investments Pty Ltd.
AF&PA Urges EPA to Make Changes to Non-Hazardous Secondary Materials Rule AF&PA Urges EPA to Make Changes to Non-Hazardous Secondary Materials Rule
7/16/2011
American Forest & Paper Association President and CEO Donna Harman issued the following statement regarding the Environmental Protection Agency’s (EPA) Comparable Contaminant Guidance Concept Paper for the Non-Hazardous Secondary Materials (NHSM) rule.
DS Smith to Sell Spicers to Unipapel for GBP 200 Million DS Smith to Sell Spicers to Unipapel for GBP 200 Million
7/13/2011
DS Smith Plc ("DS Smith" or the "Group"), the international supplier of recycled packaging for consumer goods, [on July 6] has received a binding offer for its European office products wholesaling business ("Spicers") from Unipapel S.A. ("Unipapel") for an enterprise value of GBP 200 million.
"Choose Print" as Part of Your Marketing Mix "Choose Print" as Part of Your Marketing Mix
7/13/2011
Print is the ideal communications medium and a powerful marketing tool. It also has surprisingly strong environmental credentials. Print on paper is recyclable, renewable and sustainable. And, contrary to popular belief, the use of print actually helps promote forests.
Guangdong Huatai Paper Starts Up Relocated Newsprint Machine Guangdong Huatai Paper Starts Up Relocated Newsprint Machine
7/13/2011
Metso said that a newsprint machine it relocated for Guangdong Huatai Paper Co., Ltd. in Jiangmen City, Guangdong Province in China, successfully started up on May 25, 2011.
Temple-Inland to Review Tender Offer from International Paper Temple-Inland to Review Tender Offer from International Paper
7/13/2011
Temple-Inland Inc. today acknowledged that International Paper Company announced that it will be commencing an unsolicited offer to acquire all of the outstanding shares of common stock of Temple-Inland for a price of $30.60 per Temple-Inland share in cash

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