x
Breaking News
First ever Valmet-delivered flash dryer started up at Stora Enso's Hylte Mill in Sweden


The first ever flash dryer for purely fiber delivered under the Valmet brand has been started up with fiber at Stora Enso’s biocomposite plant at Hylte Mill in Sweden. The project was completed according to schedule and all guarantees fulfilled.

Stora Enso decided to invest in full-scale production after seeing strong customer demand for higher volumes of pulp pellets production, to be used as a renewable replacement for plastics. Valmet’s scope included a complete flash dryer with drying stage, scrubber system, supporting and platform, construction, insulation, spare parts, basic engineering, mechanical and electrical erection, erection advising, checkout and start-up supervision and training. The dryer will dry from 43% to 93% dryness.

"The design of the dryer system has been adapted to fit the new equipment into the existing plant and with other machinery in the production line. Adaptations are challenging but we are used to being flexible in rebuild projects even if the delivery times are short sometimes. We have utilized the knowhow we have from flash drying in the panelboard industry," says Marika Levander, Senior Project Manager at Valmet.

Lower investment costs with flash drying

Flash drying can be described as almost instantaneous evaporation. Small particles and single fibers with a large exposed surface area meet the hot air stream in the drying stages. Fibers carried by the hot air through the system stay in the drying zone for less than 30 seconds and are never heated higher than the wet bulb temperature. Exhaust gases from the cyclones are cleaned in a gas washing scrubber tower, which minimizes particle emissions into the atmosphere. The system represents a considerably lower investment cost than a conventional sheet dryer.

2018-03-27  READ MORE...
BillerudKorsnäs launches its first climate-positive packaging

As a result of innovative thinking based on decades of competence from papermaking, BillerudKorsnäs today proudly launches its first packaging with a climate-positive impact. D-Sack®, the dissolvable sack for cement and other construction materials, disintegrates in a conventional mixer and the bio-based carbon in the paper is captured in the construction itself.

The award-winning D-Sack, co-developed in a close cooperation between BillerudKorsnäs and LafargeHolcim, has several significant advantages over conventional cement sacks. The sack dissolves during the mixing process, which minimizes cement waste, eliminates packaging waste and saves time, whilst ensuring a cleaner, safer and healthier workplace.

In addition to the above benefits, D-Sack is superior to conventional cement sacks when it comes to climate performance. In a life cycle assessment conducted by IVL Swedish Environmental Research Institute, D-Sack proves to capture CO2 over a one hundred-year perspective, meaning that it is climate positive. The reason is that the CO2 that was captured from the atmosphere during tree growth and then incorporated into the paper, is stored in the concrete structure.

D-Sack is an excellent example of the potential in challenging conventional packaging with a sustainable future as the target. By exploring the sustainability performance of BillerudKorsnäs products further ahead in the value chain, i.e. during and after the use of the packaging, new exciting opportunities for value creation appear. That is why BillerudKorsnäs successfully has built up a sack laboratory where D-Sack was developed.

“I am extremely proud of this achievement and very pleased that D-Sack has now been formally launched. It is an innovation that has been produced in our sack laboratory in close cooperation with LafargeHolcim designed to meet specific user needs and needs in the value chain. The sack laboratory has done an excellent job and set the standard for innovation in the packaging industry,” says Mark van der Merwe, Business Development Director, Sack Solutions at BillerudKorsnäs.

“We believe in the potential of developing existing solutions further, in our business as well as in the packaging industry. Concepts like D-Sack, i.e. results of innovativeness and cooperation, strengthen our contribution to a sustainable future,” says Henrik Essén, SVP Communication & Sustainability at BillerudKorsnäs.

2018-03-27  READ MORE...
Revised Proposal from International Paper Fails to Reflect Smurfit Kappa’s Intrinsic Value, Track Record and Superior Prospects as an Independent Business

The Board of Smurfit Kappa announces that it received a revised proposal from International Paper Company on Thursday evening, 22 March 2018. Under the terms of the Revised Proposal, Smurfit Kappa shareholders would receive €25.25 in cash (which would be reduced to €24.605 after payment of the final dividend of 64.5 cent recommended on 7 February 2018 and to be paid on 11 May 2018  and 0.3028 new shares of International Paper common stock for each Smurfit Kappa ordinary share held by them.

Based on International Paper’s closing share price on 23 March 2018 of $50.15 and a € :$ exchange rate of €1 :$1.2353, the Revised Proposal would value each Smurfit Kappa share at €37.54, reduced to €36.90 when the Final Dividend is excluded.

International Paper’s proposal announced and rejected by the Board on 6 March 2018 valued each Smurfit Kappa share at €36.46 (without reduction for the Final Dividend). The Revised Proposal represents an increase in value of only €1.08 per share, equivalent to less than 3%.

Following careful consideration, together with its financial advisers, the Board has unanimously rejected the Revised Proposal. The Board is resolute in its belief that the best interests of the Group’s stakeholders are served by pursuing its future as an independent company, operating as the European and Pan-American leader in paper-based packaging. The Revised Proposal also fundamentally undervalues the Group and remains significantly below the valuations set by recent industry transactions.

The Revised Proposal continues to include a significant proportion of the consideration in the form of International Paper shares which are US-listed, represent uncertain value, and would expose Smurfit Kappa shareholders to the risk of significantly greater leverage and the challenges of integrating two businesses with fundamentally different cultures.

Liam O’Mahony, Chairman of Smurfit Kappa, said : “On 6 March, the Board of Smurfit Kappa unanimously rejected International Paper’s unsolicited and highly opportunistic proposal. The Revised Proposal does not offer Smurfit Kappa shareholders much more than compensation for the fall in International Paper’s share price since that date and again entirely fails to value the Group’s true intrinsic business worth and future prospects. We delivered a record performance in 2017 and underlying trading momentum has continued into 2018.

Moreover, the Revised Proposal does not make strategic sense for Smurfit Kappa and its stakeholders. Smurfit Kappa has a distinct business model and culture as a customer-oriented, performance-led packaging leader and has already communicated a strong plan to accelerate development and performance with its 2017 year-end results.

The Board unanimously reaffirms its belief that it is in the best interests of the Group’s stakeholders for Smurfit Kappa to pursue its future as an independent company, headquartered in Ireland, operating as the European and Pan-American leader in paper-based packaging”

Shareholders are strongly advised to take no action with respect to the Revised Proposal.

This announcement is made without the consent of International Paper.

There can be no certainty that any firm offer will be made, nor any certainty as to the terms on which any firm offer might be made, by International Paper.

2018-03-26  READ MORE...
Grenoble Alpes, where nanocellulose takes centre stage

"An American professor visiting the Laboratory of Pulp and Paper Science and Graphic Arts (LGP2) in 2016 told me how proud he was to be in Grenoble, the number one location in the world when it comes to nanocellulose research. I knew we were good, but I didn’t realise we were that good. So how do we rank ? What are our areas of expertise, our strengths, our weaknesses ? And most of all, how can we stay ahead of the rest and capitalise on our lead ?"
To help answer his questions, Julien Bras, Associate Professor and Deputy Director of LGP2, called upon the Grenoble Alpes National Technology Transfer Fund (FNV), which comprises Linksium and its four partners : Grenoble Alpes University, Grenoble INP, Savoie Mont-Blanc University and the CNRS. A sectoral study was commissioned and launched as a technology transfer booster. At Grenoble INP-Pagora on 11 December 2017, the area’s scientific community, who attended in large numbers, heard its main conclusions.


The study had been entrusted to TKM, which is reputed for its data mining expertise. Its objective was threefold : "We were keen to establish a global map of the organisations currently working in the nanocellulose sector, position the Grenoble Alpes Cluster through an objective and quantified approach, and identify a few promising industrial contacts," explains Romain Billet, who led the study at TKM. By analysing the global database of scientific publications, patents and collaborative projects produced since 1980 - a body of around 15,000 documents - TKM reached a number of extremely interesting conclusions.


The Grenoble Alpes Cluster boasts numerous strengths
"The main results show that the Grenoble Alpes Cluster leads the world in terms of the number of citations and organisations with which it collaborates, and ranks second when it comes to the number of documents and collaborations," adds Romain Billet. This is a track record that Grenoble Alpes can be proud of ! The region’s importance is further amplified when we discover that nanocellulose is entering something of a golden age : "With a 1,400% increase in the number of bibliographic references made since 2004, the rise in interest in the field has been 3 or 4 times higher than that usually observed," says TKM. The first lesson to learn from this observation is that, in such a competitive sector, certain ideas inevitably need to be protected and transferred to industry. This is backed by the fact that the demand clearly exists, as highlighted by industry’s unusual level of involvement in research.


Strong technology transfer prospects
While our research can claim to lead the world, can the same be said for technology transfers ? Today, Grenoble Alpes is involved in a significant number of industrial collaborations (N.B. : this type of technology transfer was not covered by the study). The site has also filed numerous patents - some of which are of great interest to industry. However, these are relatively few compared to the number of articles published, as Carole Silvy, Head of the Linksium Maturation Cluster, points out. Reacting to this undeniably impressive rate of progress, Gilles Talbotier, President of Linksium, concluded : "This is a growth sector. We need to take advantage !"
"When we speak to industrial firms, this study will enable us to demonstrate our know-how and skills," says Julien Bras. Another factor that will make this task easier is the study’s findings that Grenoble Alpes works primarily on marketable applications and that 50% of its publications relate to composites, the sector’s most promising avenue.


The technology transfer possibilities offered up to the biomass experts of Grenoble Alpes are therefore huge. Thanks to the crucial support provided by the FNV via this sectoral analysis, other stakeholders working within the local technology transfer chain - at research establishments and at Linksium - will be able to take the baton from researchers while benefiting from tailored support and funding. "It is precisely because of the presence of this complete chain, from research to development and, ultimately, the transfer of technology to companies, that this can all work. The sector is incredibly vibrant here !" declares Gaëlle Calvary, Professor and Vice President of Technology Transfer at Grenoble INP.

2018-03-26  READ MORE...
The Blue Sky Young Researchers Europe Prize

Jahan Golestani, a PhD student at LGP2, received the Blue Sky Young Researchers Europe Prize at the CEPI’s European Paper Week.


European Paper Week was held in Brussels on 28-30 November 2017 by the Confederation of European Paper Industries (CEPI). More than 300 participants - companies, universities, government associations, consulting groups and media outlets - attended the event.


The CEPI had invited young researchers to apply for a chance to win the Blue Sky Young Researchers Europe Prize. Among the eight finalists selected, three received the prize in November last year, including Jahan Golestani, who is currently in the 2nd year of her PhD at the Laboratory of Pulp and Paper Science and Graphic Arts (LGP2) under the supervision of Christine Chirat, Associate Professor with Accreditation to Lead Research, and Professor Dominique Lachenal.


Jahan presented her research topic, A process to purify wood cellulose by coupling enzymatic and chemical reactions. The process involves extracting hemicelluloses from kraft paper through enzyme treatment and characterising the oligomers extracted from the pulp. The main objective is to produce pure cellulose using a green process. The second is to obtain oligosaccharides for subsequent use in high-value-added projects.


Furthermore, as a result of this prize the CEPI will automatically put her forward for the International Council of Forest and Paper Associations (ICFPA) contest, which takes place in 2019.

2018-03-26  READ MORE...
Valmet to supply a warp control system to Stora Enso Packaging's corrugated board plant in Ostroleka, Poland

Valmet will supply a warp control system to Stora Enso Packaging’s corrugated board plant in Ostroleka, Poland. The system will reduce warp of the final product and improve the corrugated board plant’s overall performance.

The order was included in Valmet’s fourth quarter 2017 orders received. The delivery will take place in late spring this year. The value of the order will not be disclosed. Typically, the order value of these kinds of automation system deliveries is below EUR one million.

"We have good cooperation with Stora Enso Packaging. Due to the positive experiences and results gained from earlier deliveries, Stora Enso decided to choose Valmet as the supplier of the automatic warp control system for its corrugator," summarizes Juha Mykkänen, Sales Manager, Automation, Valmet.

Information about the delivery

The warp control system, based on moisture measurement, is used to correct warping of all corrugated board types and to improve corrugated board box plant performance. The system consists of Valmet IQ Converting Scanners with moisture measurements, Valmet IQ Moisturizer and Valmet IQ Warp Measurement, which are integrated together with automatic MPC closed-loop controls. The moisture level of the final product plays an essential role in eliminating corrugated post-warping.

2018-03-26  READ MORE...
How working forests can support people and planet

Sustainable forestry and forest conservation go hand-in-hand with a landscape approach for working forests

On 21 March 2018, it was International Day of Forests – a great opportunity to talk about how we can ensure the future of the world’s forests, for the benefit of a living planet.

To say that forests are important for life is an understatement. We depend on them for food, medicines, shelter, biodiversity, fuel, pulp and paper, jobs, recreation, fresh water, clean air, and even the climate.

The biggest threats to the world’s forests today are deforestation and forest degradation. Both can be drivers of accelerated global warming, loss of biodiversity, and disruption of livelihoods, among other negative impacts.

2018-03-26  READ MORE...
Kemira supports WWF’s water work in Himalayas

The wide area of Himalayas is one of the water resources hotspot in Asia. The glaciers, lakes and rivers provide clean water for 1.5 billion people across Asia. At the same time, the Himalayas is incredibly fragile environment and it is threatened by variety of issues, like climate change, forest loss and infrastructure development, as they both effect on river flows and the amount of water streaming down.

“The best and most efficient way to secure the water resources is to protect the forests”, says Anne Tarvainen, the Head of International Development Program in WWF Finland. Forested catchments supply a high proportion of the water for domestic, agricultural, industrial and ecological needs in both upstream and downstream areas.

“Kemira´s donation helps WWF to secure the vital water resources for over a billion people in India, Nepal, Pakistan, China and Bhutan. We will e.g. set up new community forests with local people, promote sustainable forest management practices, promote good forest governance and policies”, says Tarvainen.

Provision of alternative sustainable livelihoods has a crucial role on WWF’s approach. In the past 4 years with WWF Finland support to Nepal and Bhutan more than 200,000 people have benefited by receiving safe drinking water, improved livelihoods and better opportunities to engage sustainable natural resources management.

WWF’s aim is that by 2021, community forests and protected forests are expanded and protected and that hundreds of hectares of degraded forest is under improved management and restoration.

WWF Finland partnership program in Himalayas is partially funded by the Ministry for Foreign Affairs of Finland 2018-2021 and co-funded by Finnish corporations and WWF supporters.

2018-03-26  READ MORE...
Södra Cell is increasing the price of its northern bleached softwood kraft (NBSK) pulp in Europe to $1,170/tonne, effective 1 April.

Södra Cell is increasing the price of its northern bleached softwood kraft (NBSK) pulp in Europe to $1,170/tonne, effective 1 April.“We continue to see very strong global demand while supply remains tight,” commented Magnus Björkman, VP Marketing and Sales Södra Cell. “This latest increase is a reflection of the on-going imbalance in the global market.

2018-03-26  READ MORE...
Packaging Giant Smurfit Kappa Turns To Bio Fuels And Hybrid Trucks For Lower Carbon Emissions

As one of the world’s biggest names in packaging and Europe’s largest cardboard box maker, Smurfit Kappa, knows a thing or two about running mammoth transportation fleets and their resultant carbon emissions.

Aware of the need to lower its carbon footprint, in line with its stated corporate ambition of a 25% CO2 emissions cut target by 2020, the FTSE 100 company is turning to bio fuels and hybrid solutions for its fleet, with the logistics divisions of its plants in Scandinavia leading the way, according to Saverio Mayer, Chief Executive Officer of Smurfit Kappa (Europe).

Mayer says in October 2017, the company introduced "innovative new trucks" at its Pitea Paper Mill in Northern Sweden capable of carrying a heavier payload and running on a new bio fuel (HVO100), which allows for a reduction of fossil CO₂ emissions "by up to 90%."

2018-03-23  READ MORE...
Iggesund’s Mill Director leaves the company

As per 21 March Olov Winblad von Walter, Mill Director at the Iggesund Mill, leaves his position for a new job at Metsä Board Sweden.

"Olov Winblad von Walter has been an important cog in the work to strengthen Iggesund’s competitiveness during his four years with the company. We thank him for his fine contributions and wish him good luck", says Daniel Peltonen, Senior Vice President Paperboard.

The process of finding a replacement will start immediately and until a permanent solution is found, Gunnar Sjöblom, Head of Finance at Iggesund Mill, will act as Mill Director at the Iggesund Mill.

2018-03-23  READ MORE...
MegaPress R: Premium roll covers with optimum sheet release for high paper quality


The optimized rubber formulation for the new MegaPress R roll cover improves sheet release and is ideal for the production conditions of offset presses.

In the new MegaPress R roll cover the special micro-roughness of the surface optimizes the sheet release. This improves paper quality, reduces the risk of web breaks and therefore avoids costly unscheduled downtimes. Long service lives also increase machine availability.

With their excellent sheet release properties, the new MegaPress R roll covers are ideally tailored to the production conditions of smoothing presses. In these press systems the paper web comes into direct contact with the roll surface. A perfect sheet feed from the roll is therefore a key quality feature and basic prerequisite for very good paper quality.

In the MegaPress R the micro-roughness of the roll surface ensures that the paper web releases easily from the roll. This lowers the stress on the paper, reducing the risk of a web break and therefore of an unscheduled downtime. The easy sheet release due to the micro-roughness also leads to excellent paper quality as no fibers are torn from the paper. The new structure of the cover also allows particularly effective cleaning by the doctor blade, avoiding deposits on the roll surface and significantly improving the operational reliability of the machine.

But it is not just thanks to the excellent sheet release that the triple-layer roll cover makes production more efficient. Because of their particularly long service lives, MegaPress R covers have to be replaced less often. This increases the availability of the machine and reduces costs. The first roll covers installed at several paper manufacturers in Europe have confirmed these benefits. Manufacturers from the board and packaging segment in particular have responded very positively to the expansion of Voith’s roll cover range.

2018-03-23  READ MORE...
Balakhna Paper Mill “Volga” exceeded the newsprint production plan in 2017

Last year 217250,534 tons of the newsprint were produced in the Volga’s paper-making workshop No.3, that is 494 tons more than it was planned. A.V. Gurylev, Deputy General Director for Production informed us about it.

“We did well last year. First of all, this is made clear by the fact that in February 2017 we managed to adjust the new newsprint output in the world market : the newsprint made from 100% TMP of the lower substance - 40 gsm. In December last year this newsprint was ranked in Top-100 best goods of Russia,”- Andrey V. Gurylev told about the production results of the year.

He also mentioned that in 2018 the bar will be set even higher : the paper workers will have to produce 235133,470 tons of the finished product that is 18376,876 tons more compared to the previous year.

Moreover, Deputy General Director for Production shared the nearest plans for 2018 :
“Nowadays we negotiate with the companies-manufacturers of the paper-making equipment for increasing the TMP production volume and launching the former waste disposal unit of the Groundwood mill with the subsequent Paper machine №5 launch. Its test launch is planned to realize this summer in order to run diagnostics on the equipment being in long downtime.

And at the end of January we have planned to conduct the exploratory run of the unbleached newsprint on the PM 8 which is in demand in the Chinese market today. Time will tell which of these and other projects we manage to realize,” – A.V. Gurylev summarized.

2018-03-23  READ MORE...
The Mercer Fibre Centre – Access to fibre expertise and refining knowhow

Refining is the key process in papermaking to alter fibre characteristics and consequently to develop the required paper properties. Fibre morphology plays a decisive role in adapting the appropriate mill refining strategy.

Laboratory methods such as PFI mill, Jokro mill, and Valley Beater - still applied in many places - are mainly intended for quality control. However, these data cannot be applied to the industrial refining process. But this is exactly papermakers are looking for.

Selling market pulp requires to an ever increasing extent a deeper knowledge of the fibres’ impact on the products they are used for. Since especially Northern Bleached Softwood Kraft (NBSK) is hardly ever used as the only furnish for manufacturing a certain product, understanding the interaction with other fibre types is very important, too.

For these reasons Mercer decided to invest in its own “Fibre Centre”. The main piece of equipment is a laboratory refiner. Its operating principle is based on refining intensity and refining energy. The refiner does not only simulate the industrial refining process but also offers a high degree of versatility and flexibility for carrying out very specific trials as well as projects with external partners. Both, disk and conical fillings are available. The filling design can be adapted to the specific refining objective. Repeatability is of utmost importance. The Fibre Centre is equipped with all standard devices for testing pulp and paper properties including specialized ones such as zero-span tensile tester and fibre morphology analysis.

The Fibre Centre serves the entire Mercer group with its two German pulp mills Rosenthal and Stendal and Celgar in British Columbia/Canada.

2018-03-23  READ MORE...
Valmet supplies baling line to Metsä Board's Kaskinen pulp mill in Finland


Valmet will deliver a baling line to Metsä Board’s pulp mill in Kaskinen, Finland. This is the second baling line Valmet installs at the mill and will be installed in parallel with the existing baling line. The new line will handle the increased capacity at the mill and is scheduled to start up in the end of 2018. The order was part of Valmet’s fourth quarter 2017 orders received.

The delivery consists of baling line main machinery including an automation solution to control the line. The existing line and the new line will share existing unitizer, which will gain increased speed. New wire cages will also be added along the existing line.

"We are waiting for Valmet’s newest technology to give us easier living and to help us to reach our goals," says Timo Rissanen, Mill manager at Metsä Board Kaskinen.

"We are looking forward to this project as we have had good cooperation with Metsä in earlier projects. We are very pleased that they chose to work with us also this time," says Ulf Thorén, Head of Baling Sales at Valmet.

2018-03-22  READ MORE...
Stora Enso Wins Bio-Based Product of the Year for Lineo by Stora Enso

Lineo™by Stora Enso, a renewable replacement for oil-based phenolic materials, has been awarded ‘Bio-Based Product of the Year’ at the Bio-Based World News Innovation Awards 2018.

Shortlisted alongside products from Clean Plus Inc. and The Chemours Company, the judges recognised the potential of Lineo, made from versatile wood-based raw material lignin. Lineo can be used in a range of applications where fossil-based materials are currently used.

Markus Mannström, Executive Vice President of the Stora Enso Biomaterials division, says, “We are delighted that Lineo™ by Stora Ensohas been recognised as an innovative, important bio-based product. Made from lignin, an abundant product and one of the main building blocks of a tree, Lineo is a step towards replacing fossil-based products with renewable solutions. As we say at Stora Enso, ‘everything made from fossil-based materials today, can be made from a tree tomorrow’ and it is wonderful that this is being appreciated by key industry representatives.”

Officially launched earlier this year, Lineo by Stora Enso is a renewable, wood-based replacement for oil-based phenolic materials which are used in resins for plywood, oriented strand board (OSB), laminated veneer lumber (LVL), paper lamination and insulation material. Stora Enso has been industrially producing lignin since 2015 at its Sunila Mill in Finland. Sunila’s capacity is 50 000 tonnes per year, making Stora Enso the largest kraft lignin producer in the world.

2018-03-22  READ MORE...
Klippans Bruk AB chooses Recard for its facilities in Sweden

Recard will supply the new 30,000-tpy tissue machine to the historic company Klippans Bruk AB for its Klippan facilities in Sweden. Start-up of the complete turnkey plant, in a 3200-mm format and a speed of 1700 m/min, is scheduled for summer 2019.

The Klippan mill is specialized in the production of paper for colored table napkins that it supplies to customers worldwide. With the addition of the new machine by Recard – that will flank another machine already in operation – production will increase fourfold. A 15-million euro investment that will allow boosting the mill’s staff by 20-25 new employees and to strengthen the position of the Swedish company in the market.

For Recard, this is a great event, since it is the first tissue machine order signed for Sweden.

2018-03-21  READ MORE...
Decisions taken by Valmet Oyj's Annual General Meeting and Board of Directors


The Annual General Meeting of Valmet Oyj was held in Helsinki today on March 21, 2018. The Annual General Meeting adopted the Financial Statements for 2017 and discharged the members of the Board of Directors and the President and CEO from liability for the 2017 financial year. The Annual General Meeting approved the Board of Directors’ proposals concerning authorizing the Board to decide on repurchasing company shares and to resolve on the issuance of shares and the issuance of special rights entitling to shares.

  • Dividend payment

The Annual General Meeting decided to pay dividends of EUR 0.55 per share for the financial period ended on December 31, 2017. The dividend will be paid to shareholders who on the dividend record date of March 23, 2018 are registered in the company’s shareholders’ register held by Euroclear Finland Ltd. The dividends will be paid on April 5, 2018.

  • Composition of the Board of Directors

The Annual General Meeting confirmed the number of Board members as seven and appointed Bo Risberg as Chairman of Valmet Oyj’s Board and Aaro Cantell as Vice-Chairman. Monika Maurer and Pekka Kemppainen were appointed as new members of the Board. Rogério Ziviani, Tarja Tyni and Eriikka Söderström will continue as members of the Board. The term of office of the members of the Board of Directors expires at the close of the Annual General Meeting 2019.

  • Remuneration of the Board of Directors

The Annual General Meeting decided that the annual remuneration payable to the members of the Board will be as follows : to the Chairman of the Board of Directors EUR 100,000 ; to the Vice-Chairman of the Board of Directors EUR 60,000 ; and to the other members of the Board of Directors EUR 48,000 each. Furthermore, the Annual General Meeting decided that a base fee of EUR 7,000 will be paid for each member of the Audit Committee, EUR 14,000 for the Chairman of the Audit Committee, EUR 4,000 for each member of the Remuneration and HR Committee, and EUR 6,000 for the Chairman of the Remuneration and HR Committee.

In addition, a meeting fee in the amount of EUR 700 will be paid for those members whose place of residence is in Nordic countries, EUR 1,400 for those members whose place of residence is elsewhere in Europe and EUR 2,800 for those members whose place of residence is outside of Europe for the Board meetings attended, including the meetings of the committees of the Board of Directors.

The Annual General Meeting resolved that, as a condition for the annual remuneration, the members of the Board of Directors are obliged, directly based on the Annual General Meeting’s decision, to use 40 percent of the fixed annual remuneration for purchasing Valmet Oyj shares from the market at a price formed in public trading and that the purchase will be carried out within two weeks from the publication of the interim review for the period January 1, 2018 to March 31, 2018.

  • Election of the auditor

The Annual General Meeting appointed PricewaterhouseCoopers Oy, authorized public accountants, as the company’s auditor for a term expiring at the end of the next Annual General Meeting. The responsible auditor will be Jouko Malinen, APA.

The minutes of the Annual General Meeting

The minutes of the Annual General Meeting will be available as of April 4, 2018 on the company’s website www.valmet.com/agm.

  • Decisions of the Board of Directors

The Board of Directors of Valmet Oyj held its organizing meeting after the Annual General Meeting. The Board of Directors noted that all Board members are independent of the company. With the exception of Aaro Cantell, all other board members are independent of the company’s significant shareholders. Valmet’s definition of Board members’ independence complies with the Finnish Corporate Governance Code.

In its organizing meeting, the Board of Directors of Valmet Oyj elected the members of the Audit Committee and the Remuneration and HR Committee from amongst its members.

The members of the Audit Committee are Eriikka Söderström (Chairman), Tarja Tyni and Pekka Kemppainen.

The members of the Remuneration and HR Committee are Bo Risberg (Chairman), Aaro Cantell and Monika Maurer.

  • Personnel representation

Riina Vilander will participate in the meetings of Valmet’s Board of Directors as the personnel representative elected by Valmet’s personnel groups in Finland. She will participate in the meetings of Valmet’s Board of Directors as an invited expert, and her term of office is the same as the Board members’ term.

2018-03-21  READ MORE...
Luigi Lazzareschi has been awarded the 2018 Radical Green Award

his accolade was granted to the CEO of the Sofidel Group
“for the merits attained by the company in terms of eco-sustainability and green thinking”.

The 2018 edition of the Radical Green Award went to Luigi Lazzareschi, CEO of the Sofidel Group, with the award ceremony held on Friday in Trento, during Green Week, the festival-laboratory on the green economy promoted by Fondazione Symbola and ItalyPost, in collaboration with the Comune of Trento, Autonomous Province of Trento, University of Trento, Edmund Mach Foundation, Fondazione Bruno Kessler, MUSE Science Museum and Trentino Sviluppo.

The award was granted “for the merits attained by Sofidel in terms of eco-sustainability and green thinking over the years”.

“Sofidel is honoured by this accolade, which drives us towards even greater commitment to promoting fully sustainable development capable of guaranteeing shared value throughout the entire value creation chain” commented Luigi Lazzareschi, CEO of the Sofidel Group. “Events such as Green Week are important occasions for dialogue and exchange and represents another major occasion that helps us to raise awareness on the future and the themes of responsible development”.

The Radical Green Award “was created to raise local and national awareness of successful eco-practice in our industrial fabric”. Several companies have received the award in previous editions, including Acqua San Benedetto, Gruppo Alì, Fiamm, GrisDainese, Gruppo Pedon and Wärtsilä Italia.

Sofidel sees sustainability as a strategic growth leverage. This commitment has intensified since 2008, through participation in the WWF Climate Savers programme, with which Sofidel took on particularly ambitious climate-changing emission reduction targets. In 2017, Sofidel reduced its carbon intensity by 20.6% compared to the 2009 base values per kilogram of paper produced.

Sofidel’s commitment to sustainability is also related to the procurement of pulp certified by independent third parties with responsible forest management schemes (100% in 2017, FSC®, FSC® Controlled Wood, PEFC™, SFI®) and the safeguard of water resources, with specific management and investment measures that have permitted water consumption in production processes well below the sector benchmark (7.1 l/kg vs. 15–25 l/kg).

Susanna Bellandi, Sofidel Global Creative, Communication & CSR Director, took part in the ceremony and received the award.

2018-03-21  READ MORE...
ANDRITZ has received the ISO 19600 certificate for "Compliance Management Systems" and 37001 "Anti-Bribery Management Systems”.

For many years, the top management of the ANDRITZ GROUP has made it crystal clear to all directors, managers and employees that business must be conducted in an ethical manner and in compliance with laws and internal rules.

We also consider it a key part of our social responsibility to incorporate sustainability goals into our products and the way we operate our businesses. In other words : our business culture requires that our integrity be maintained beyond a doubt at all times.

"Compliance is a firmly rooted and very important part of the ANDRITZ GROUP’s corporate culture that is indispensable for the company’s long term success."

"To us, compliance is not merely obeying all legal provisions. It also means integrity, fairness, transparency, and reliability in our day-to-day work. All employees and all business partners must commit to these values, which are defined in our Code of business conduct and ethics, and also live these values in daily business. We actively support and demand this commitment and conduct, and also take appropriate measures to implement an effective compliance management system within the ANDRITZ GROUP."  Wolfgang Leitner CEO of the ANDRITZ GROUP

2018-03-21  READ MORE...
The Sofidel Group announces a new strategic greenfield investment in Oklahoma

The Sofidel Group, one of the global leaders in tissue paper production for sanitary and household uses, strengthens its position in the US by announcing a new investment.

The company announced today a new “greenfield” investment for an integrated plant (tissue production and converting facilities) in Oklahoma. The new production site will be located in Inola, Rogers County, near the town of Tulsa, Oklahoma.

Thanks to its South-Central position in the US, the area offers well-established logistics as well as affordable sources of energy and an expert workforce.

“I am glad to announce this new greenfield investment – the second one, after the first made in Ohio. This new investment will support our growth in the US significantly, being the American market one of the crucial ones for our Group” commented Luigi Lazzareschi, CEO of Sofidel Group.

"Sofidel will build here a new, modern integrated plant to serve the South-Central and Central-Western areas of this great country, where we have been operating since 2012 and we have been growing year after year at a very fast pace. I would like to thank all the partners that have supported us in making this new project, they have played an integral role in helping us achieve this goal".

The investment refers to the installation of two tissue paper machines for an overall production capacity of 120,000 tonnes per year each, with related converting lines.

One machine will be dedicated mainly to toilet tissue production, while the second one will be used mostly to produce towels.

As a whole, Sofidel is committed to investing $ 360 million over three years (2018 – 2019 – 2020).

The facilities building is expected to start in March 2018 and will be completed by Q2 2020, while the converting lines and the warehouse functions will be in place by the end of Q2 2019.

The new production plant, once completed, will employ 300 full-time workers.

2018-03-20  READ MORE...
Valmet launches new chrome free Yankee cylinder metallizing coating


Valmet has developed a chrome-free Yankee cylinder coating, Valmet Infinikote-2 Yankee Metallizing, to improve work safety in the coating process and sustainability of the coating as well as to comply with potential future legislation both in the EU and the US. The new coating developed by Valmet is the environmentally safest Yankee metallizing coating available. 

High performance thermal spray coating increases Yankee cylinder efficiency and lifetime. The thermal spraying process of the new coating is the same as in Valmet’s previous Yankee cylinder metallizing coating but now the material being applied is completely chrome free. The new material does not contain any chrome and does not generate any hexavalent chrome during its application.

Valmet has over 20 years of experience in Yankee cylinder thermal spray coating. A recognized risk of metallizing has been that during the process potentially harmful hexavalent chromium is created. Chromium is a fundamental component of almost every ferrous based hard-facing alloy.

Yankee metallizing is often carried out on-site at the customer’s premises. "With the new chrome free Yankee cylinder coating we enhance work safety and are ready to comply with stricter environmental legislation," says Marko Heino, Director, Field Services, Valmet.

Valmet’s new generation of Yankee cylinder metallizing alloy contains no chromium-bearing constituents. "Test results with the new material are convincing, demonstrating significantly improved application characteristics and meeting or exceeding all our key objectives," says Andrew Cross, Senior Operations Manager, Global Yankee Services, Valmet.

In addition to being chromium free, the new Valmet Infinikote-2 Yankee Metallizing coating also boasts the following improvements : reduced dust production and fumes during its application and increased heat conductivity. It also provides a tougher and more wear resistant surface which prolongs the expected life time of the cylinder.

2018-03-20  READ MORE...
Valmet to supply a linerboard production line for WestRock Florence, South Carolina Mill in USA


Valmet will supply a linerboard production line with a wide automation package for WestRock Company at its mill in Florence, South Carolina, United States. The delivery will include a state-of-the-art kraft linerboard machine to replace three older, narrow-width paper machines.

The company anticipates the new machine will produce 644,000 metric tons (710,000 short t) of kraft linerboard annually. The investment will significantly increase the mill’s efficiency, end-product quality and service levels. When coupled with the recently completed modern woodyard, the Florence mill will become one of the lowest cost kraft linerboard mills in North America. Start-up of the new machine is scheduled for the first half of 2020.

The order is included in Valmet’s first quarter of 2018 orders received. The value of the order will not be disclosed.

2018-03-20  READ MORE...
PCMC is ready to surprise you in June 2018 for the all-important IT’s Tissue - The Italian Technology Experience event.

During IT’s Tissue 2018, PCMC will feature an exclusive world preview of the concept of Carevolution.

Sustainability, innovation, evolution and care : these are the company’s benchmarks summed up in a new term : Carevolution – We’ve got the real Tissue Solution.

Two are the main protagonists of PCMC’s Open House : technology always focused on continuous evolution, and also and above all the finished product. A new roll that after attentive research has finally become a reality and that unites all the inimitable characteristics of made-in-Italy technology signed by PCMC.

But there’s more. PCMC’s new Carevolution has applied the same innovation and sustainability criteria also to packaging, and during the IT’s Tissue Open House, a new concept of primary and secondary packaging will be on demonstration, so be prepared to see something unique in the world of consumer rolls.

2018-03-20  READ MORE...

Copyright © 2013 PaperFirst by groupenp.com. All rights reserved. Markets covered: France – Belgium – Switzerland - Spain – Portugal – Turkey - North Africa – Middle East – Latin America – And beyond…

Content Disclaimer - Legal - developed by Atmedia Communication