News

4/7/2010
Tembec today said that its European subsidiary, Tembec SAS, is in advanced negotiations with Paper Excellence B.V. for the sale of two Kraft pulp mills located in Tarascon and Saint-Gaudens, France.

The potential deal was first announced in November of 2009.
4/7/2010
Demand for corrugated and paperboard boxes is projected to increase 2.3 percent annually through 2014 to $37.5 billion, with gains driven by an expansion in manufacturing output after the declines registered during the 2004-2009 period
3/5/2010
Metso said that it will supply a containerboard production line to the Chinese Zhejiang Ji'An Paper Packet Co., Ltd. for the company's mill in Haiyan county, Jiaxing city, Zhejiang province in China.
3/5/2010
A labor strike by the Finnish Transport Workers' Union (AKT) has Finland's paper manufacturers on the verge of shutting down their mill operations.
2/20/2010
Sodra said that it will increase the price for its softwood pulp grades by US$30 per ton, effective March 1.
2/10/2010
Stora Enso has signed an agreement with the European Investment Bank (EIB) for a EUR 65 million loan to be used for the Ostroleka power plant construction project taking place on the site of its Ostroleka mill in Poland.
2/10/2010
China in December 2009 imported one million metric tons of pulp, an increase of 40,000 m/tons compared to November 2009, according to China's General Administration of Customs.
1/6/2010
Glatfelter today said that it has signed a definitive agreement to purchase Concert Industries Corp. from Brookfield Special Situations Management Limited, an affiliate of Brookfield Asset Management Inc. for Canadian $246.5 million (U.S.$235 million).
1/6/2010
UPM said that it is investing GBP 17 million in a materials recovery facility at its Shotton paper mill in North Wales, UK. The investment is supported by the Welsh Assembly Government with a GBP 1.7 million Single Investment Fund grant.
12/28/2009
Jim McGinnity, president of Fox River Fiber, passed away unexpectedly December 7, 2009. Jim led the organization since July 1993.
12/28/2009
The American Forest & Paper Association, in its November 2009 Recovered Paper Monthly Report, said that the total U.S. industry consumption of recovered paper was 2.5 million tons, a 0.9% increase from last month, and an increase from November 2008 of 0.8%. Compared to the same eleven months of 2008, consumption is down 13.6%.
12/17/2009
International Paper and Fibria (formerly Votorantim Celulose e Papel) have agreed to extend IP's option to build a second uncoated freesheet paper machine at the Tres Lagoas mill site. This option, which would have expired on Jan. 31, 2010, has been extended until Jan. 31, 2013.
12/17/2009
Reuters reported that court papers showed Fraser Papers Inc. yesterday sought court approval to sell assets of its specialty papers business to Brookfield Asset Management for $185 million.
12/3/2009
Hardwood fiber costs for the global pulp industry have risen faster than softwood fiber costs in 2009, according to Wood Resources International (WRI).
12/3/2009
Montreal-based Tembec Inc. said that its European subsidiary, Tembec SAS, has retained the services of investment bankers Houlihan Lokey to review strategic options for the two Kraft pulp mills held by subsidiaries of Tembec SAS.
11/27/2009
Hadera Paper Ltd. said that its board of directors has elected Ofer Bloch as its chief executive officer.
11/27/2009
A brief strike at Sappi's coated fine paper plant in Kirkniemi, west of Helsinki, has for the time being been settled and workers returned to the mill this morning, reported Nordic Paper Journal.
11/27/2009
The Board of Directors of the Finnish Forest Industries Federation today said that Kari Jordan, president and CEO of the Metsaliitto Group, will continue as the Federation's chairman in 2010.
11/18/2009
Neenah Paper is introducing three new heat transfer papers, offering printers, distributors, artists and designers new options for the design, manufacture and sale of decorated t-shirts and other items.
11/18/2009
Buckman said that George Thomas has been promoted to product manager – Busan/Busperse/Neoteric/Optimyze in the U.S., effective November 15, 2009

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