Capital Projects
Departments
We have become highly dependent on communications technology.
The PM40 closed 04 February 2011 at 2029.53.
The PM40 closed 04 February 2011 up 38.1% compared to the 05 February 2010 level.
In this issue of Disconnected Comparisons, we evaluate Boise Inc. (BZ) and P.H. Glatfelter Company (GLT).
Reported insider trading since the last issue of PaperMoney reflects sales of 53,000 shares.
Supplier News
Andritz has been awarded an order by Graphic Packaging International to supply a 350,000 lb/h biomass steam boiler for the company’s mill in Macon, Georgia, USA.
Chesapeake Stuttgart will install an advanced Heidelberg printing presses later this year.
Metso and SAICA have made an outsourcing agreement on the mill maintenance of Saica Containerboard UK Ltd’s paper mill
Metso will supply the Harihar Polyfibers unit of Grasim Industries Limited with a recovery boiler.
Metso will supply a gasifier to sustain new gasification technology to Göteborg Energi AB.
Metso will supply a new recovery boiler and evaporation plant for Eldorado Celulose e Papel S.A.
Pöyry's Industry business group has been awarded an assignment by MWV Rigesa Ltda., Brazil.
Sonoco has reached and agreement with the Composite Can and Tube Institute to make the company's patented radial crush tester for paper tubes available to the industry.
Culture & Marketing
UBC and Aikawa open the way for low consistency (LC) refining research.
NOREXECO
KapStone Paper and Packaging Corporation will release its 2010 fourth quarter and full year earnings on 14 February.
Verso Paper Corporation will report financial results for the fourth quarter and year end before the market opens on 03 March 2011.
Corporate Finance
Arctic Paper S.A. is taking steps to address a net loss of nearly PLN 6.2 million recorded for three quarters of 2010.
Canexus Income Fund announces closing of CAD 477 million bought deal secondary offering of trust units.
Cascades has reached an agreement with a syndicate of banks to amend and renew its credit agreement with improved financing conditions.
Fortress Paper Ltd. has completed its deal offering resulting in aggregate gross proceeds of CAD 57,548,587.
Neenah Paper, Inc. has elected to conduct an early redemption of USD 65 million in notes.
Major Expenditures
United Pulp and Paper Co. Inc. has announced a new round of investments of PHP 5.5 billion in the next five years.
Mergers & Acquisitions
AbitibiBowater has signed a binding agreement for the sale of its 75% indirect interest in ACH Limited Partnership.
Mitsui & Co., Ltd. has acquired all shares in Hansol PI Pty Ltd.
MeadWestvaco Corporation has completed the sale of its Envelope Products Group to Cenveo, Inc.
NewPage and Niagara Development LLC complete sale of Niagara, Wisconsin, mill property and assets.
RockTenn and Smurfit-Stone announced that the Federal Trade Commission has granted early termination of the waiting period to proceed with the announced acquisition.
Suzano Papel e Celulose S.A. has completed the acquisition of ownership Fibria
Celulose S.A.
TimberWest Forest Corporation has agreed to acquire 7678 hectares of private timberland on southern Vancouver Island.
Weyerhaeuser Company has sold approximately 82,000 acres of timberlands to the Hancock Timber Resource Group.
Major Announcements
AbitibiBowater announced today that it will permanently close its paper machine at its Coosa Pines, Alabama operation
Arauco making final repairs to Line II at the company’s pulp mill.
Fire caused damage to part of the thermo-mechanical pulp plant at Norske Skog's Saugbrugs mill.
Holmen Paper will be shutting down production of printing paper at its smaller paper machine in Madrid
Ilim Group’s mills manufactured 2,470,000 tons of pulp and paper products in 2010.
Metsä-Botnia, part of Metsäliitto Group, has decided to invest in a gasification plant at its Joutseno mill.
Södra has decided to shut down most of its operations at its Södra Timber Åtvidaberg sawmill.
Verso Paper Corporation exceeded the company's safety goals for 2010.
Restructurings
Fraser Papers Inc. and its subsidiaries announced that creditors of the company approved an amended consolidated plan of compromise.
Closures/Reductions
Is the industry’s future in paper clothes?
Final Word
Nature is not cooperating.
Environmental
The Canadian government has invested CAD 1.05-million at the Alberta Newsprint Company mill in Whitecourt, Alberta, for energy improvements.
Burrows Paper Corporation is pleased to announce its recent Forest Stewardship Council chain-of-custody certification.
The Canadian government is giving Tembec CAD 18.9 million for improvements.
Just in....
AbitibiBowater will permanently close its paper machine at its Coosa Pines, Alabama, USA.
