Breaking News
Harvesting for Metsä Group’s bioproduct mill begins

Harvesting wood for the needs of the bioproduct mill in Äänekoski started today, on 11 August 2017. Until now, wood has been delivered to the old pulp mill and for the test runs of the new mill. The bioproduct mill start-up will begin in mid-August 2017.

2017-08-11 
ANDRITZ to supply a sludge handling system to Monalisa Co. Ltd., South Korea

ANDRITZ has received an order from Monalisa Co. Ltd., Seoul, South Korea, to supply the key components for a new sludge dewatering process to be installed at its tissue production line in Jeonju. Start-up is scheduled for the end of 2017.

The tissue production line produces sanitary tissue products using mixed office waste and virgin pulp as raw material. In order to achieve optimum results in dewatering of the sludge coming from the recycled fiber processing line, ANDRITZ will supply a thickening drum and sludge screw press. As a result, the costs for transporting the sludge to a subsequent treatment facility will be cut significantly.

The technological features of the dewatering equipment as well as information and impressions gained from a previous visit to a reference plant in Korea were decisive in the customer placing the order with ANDRITZ.

Monalisa Co. Ltd. is an established producer of domestic hygiene products sold under several brand names, including "Bellagio", "The Rich House", and "Nox Premium". The company is based in Seoul, South Korea.

2017-08-11 
Eight finalists for Metsä Board in the 2017 European Carton Excellence Awards

Metsä Board is delighted to announce that eight cartons using its paperboards have been shortlisted for the finals of the 21st European Carton Excellence Awards (formerly the Pro Carton ECMA Awards).

With all the successful entries submitted by Metsä Board customers, there are finalists in Save the Planet, Most Innovative, Beauty & Cosmetics, Food & Beverages and Healthcare & Pharmaceuticals categories.

The Awards will be presented at the ECMA Congress on 21 September in Salzburg and the winners will appear on www.procarton.com at midnight on 21 September.

2017-08-10 
Mondi and Amelco: More efficient roll-packing sets a record

Amelco Industries Ltd is one of the leading suppliers of raw materials and machinery for the manufacture of innerspring mattresses in the south-eastern Mediterranean and Middle East area. The company works hard to ensure that its products are the best they possibly can be – and with Mondi`s support it has now optimised the packaging for its mattress innersprings. With Mondi’s Advantage MF SpringPack Plus speciality kraft paper, the company exceeded customer and logistics expectations, while in addition it has set a new world record in innerspring packing together with Mondi`s Speciality Kraft Paper team.

2017-08-10 
Olivier Salaun has left PSB Industries Group

Olivier Salaun was appointed as PSB Industries Group President in 2012. François-Xavier Entremont has been named as the new President. He has been a shareholder of the Group for several decades and a member of the Board since 2010.
PSB Industries is involved in Packaging and Speciality Chemicals businesses. In 2016, the Group generated a Turn Over of 377 M€ (more than 60 % abroad). The production facilities are based in France, the United States, Poland, Japan, China and Mexico.
Before joining PSB Industries, Olivier Salaun held various management positions notably whithin Ahlstrom Group in France. He has also been Atip President. Atip is the French Technical Association of Paper Industry.

2017-08-10 
UPM Raflatac expands its presence in the United States by acquiring the assets of Texas-based Southwest Label Stock

UPM Raflatac, one of the world’s leading suppliers of self-adhesive label materials, has completed its acquisition of the assets of Irving, Texas-based Southwest Label Stock. Both parties have agreed not to disclose the purchase price or other transaction details. 

This acquisition will allow UPM Raflatac to expand its reach in the Texas and the Southwestern U.S. label markets by being highly responsive and offering a wider range of its high-quality products with fast turnaround.

2017-08-10 
Madison Paper Industries concluded the sale of its hydro power facilities in North America to Eagle Creek Renewable Energy

Madison Paper Industries, a partnership of UPM and Northern SC Paper Corp., a subsidiary of The New York Times Company, concluded the sale of its hydro power facilities to Eagle Creek Renewable Energy, LLC, a hydroelectric power producer, based in Morristown, NJ, USA on 31 July 2017.

The transaction was announced by Madison Paper Industries in April 2017.

2017-08-10 
UPM concluded the sale of its hydro power facilities in Steyrermühl to Energie AG

UPM concluded the sale of its hydro power facilities in Steyrermühl, Austria to Energie AG, an energy infrastructure company located in Upper Austria on 31 July 2017.

2017-08-10 
Valmet completed the annual shutdown of Klabin paper mill successfully

Valmet has completed the annual shutdown of Klabin S.A. Monte Alegre paper mill in Brazil successfully. The agreement covered the entire shutdown project from planning and execution to a safe start-up. The shutdown took place between April 24 - May 5, 2017, and included close to 500 employees from Valmet and its sub-contractors.

Valmet and Klabin have an existing agreement for full annual shutdown services. This year’s project was the second of the three-year agreement. 

"We have co-operated with Valmet since 2009 and the current partnership was a natural follow-up of the relationship we have been able to build over the years," says Arnaldo Jasinski, Klabin’s Maintenance Manager.

2017-08-10 
Notification according to chapter 9, section 5 and 6 of the Securities Market Act: BlackRock, Inc ownership in Valmet exceeds 5 percent

Valmet Oyj has on August 9, 2017 received a notification referred to in Securities Market Act from BlackRock, Inc, stating that the company’s ownership and share of votes in Valmet Oyj has exceeded the threshold of 5 percent.

As a result of share transactions on August 8, 2017, the holding of BlackRock, Inc increased to 7,559,076 shares, representing an ownership of 5.04 percent of Valmet Oyj’s total number of shares and share of votes.

Valmet Oyj has one series of shares in which each share carries one vote. The aggregate number of shares is 149,864,619.

2017-08-10 
Sawlog prices in Brazil have gone up over the past 12 months after five years in decline. Near-term increases are expected later in 2017

Stronger wood product exports from Brazil have resulted in higher demand for logs and increasing sawlog prices during 2016 and early 2017, reports the Wood Resource Quarterly. Despite the recent price increases, current prices are below the long-term trend lines in the local currency.
Global Timber and Wood Products Market Update - a news brief from Wood Resources International LLC
Sawlog prices in Brazil have gone up over the past 12 months after five years in decline and the expectations are that the recent upward trend will continue for the remainder of the year, reports the Wood Resource Quarterly

2017-08-09 
Koehler Paper Group - Ensuring Growth with Record Investments

Total investments amounting to half a billion Euro, with more than half of that dedicated to flexible packaging

Following the recent decision of the Supervisory Board of Papierfabrik August Koehler SE, the globally active paper specialist will have invested approximately half a billion Euro in growth by 2020. “We’re able to do this thanks to our position of strength and exceptional business developments in the past,” explains Kai Furler, CEO of the German family-owned company. More than €300 million is also being directed to the Kehl production facility, where Koehler will be creating more than 100 new jobs over the next two years.

2017-08-08 
Rayonier Advanced Materials and Tembec Announce Termination of the Hart-Scott-Rodino Waiting Period

Rayonier Advanced Materials Inc. and Tembec Inc. announced today that they received notification from the United States Department of Justice and the Federal Trade Commission that the Hart-Scott-Rodino premerger notification waiting period was terminated as of 3:32 p.m. ET on July 31, 2017 in connection with the previously announced proposed statutory arrangement under Section 192 of the Canada Business Corporations Act (the “Transaction”) involving the acquisition by Rayonier Advanced Materials of all of the outstanding shares of Tembec.

The Transaction has already received clearance from Germany’s Federal Cartel Office and applications for clearance from the applicable regulatory authorities in Canada and China, respectively, are pending. Subject to obtaining the approval of the Québec Superior Court, which is anticipated at a hearing scheduled for August 7, 2017, and other necessary approvals, as well as the satisfaction or waiver of the conditions to the Transaction, it is expected that the Transaction will be completed in the fourth quarter of 2017.

2017-08-08 
Rayonier Advanced Materials and Tembec Announce Increase in Consideration under Amended Arrangement Agreement
  • Increased Consideration Valued at C$4.75
  • Oaktree and Bennett Management Agree to Vote in Favor of the Arrangement
  • Tembec shareholders should submit or update their proxies or voting instructions in advance of the meeting without delay
2017-08-08 
Sale of Arjowiggins Security BV to Oberthur Fiduciaire Publication of half-yearly results on 13 September 2017

Arjowiggins Security has entered into a binding agreement with Oberthur Fiduciaire concerning the sale of its subsidiary, Arjowiggins Security BV, covering the VHP mill in Apeldoorn (the Netherlands) and the intellectual property rights related to the production of banknote paper, for a gross amount of €22 million, (plus an earn-out). The transaction will complete on 31 July 2017.
Arjowiggins also sold the Charavines site to Fregata Hygiène in late June. This transaction will have no impact on either Arjowiggins’ results or financial position. Furthermore, in light of regulatory requirements concerning the planned issue of high-yield notes to refinance its subsidiary, Antalis International, Sequana will publish its half-yearly results on 13 September 2017.

2017-08-08 
Georgia-Pacific Acquires PAX Corrugated Products

Georgia-Pacific continues to expand its corrugated packaging business with the acquisition of Ohio-based PAX Corrugated Products. PAX operates a corrugated sheet plant with more than 100 employees in Lebanon, Ohio. Terms of the deal are not disclosed.

“Georgia-Pacific has had a working relationship with PAX Corrugated for many years so we knew their organization would be an excellent fit with the GP Corrugated team,” said Billy Medof, president – GP Corrugated. “The PAX team will continue to deliver quality products and service to their customers as they do today. Their graphics and converting proficiency will accelerate our growth in digitally printed sheets from our Digital Print Solutions business and their display capability will expand our growing display business.”

2017-08-04 
Nippon Paper Industries Reviews the Production Structure of Coated Paper

Shutdown of the coating machine No.1 at Akita Mill and the coating machine No. 2 at Ishinomaki Mill -

Nippon Paper Industries Co., Ltd. announces that due to declining domestic demand for coated paper, it will shut down the coating machine No.1 operating at Akita Mill (Akita City, Akita) and the coating machine No.2 operating at Ishinomaki Mill (Ishinomaki City, Miyagi), respectively, at the end of May 2018.

Domestic demand for printing paper is in structural decline with the decrease in the number of children and the increasing availability of electronic media. In particular, coated paper has been recording negative 4% annual growth. Looking ahead, this trend is expected to continue. The Company has therefore decided to shift the production of coated paper, which is manufactured through the two coating machines, to other mills to establish a more efficient production system based on consolidation. This will strengthen the Company’s competitiveness of its coated paper business.

Currently, the coating machine No.1 at Akita Mill and the coating machine No. 2 at Ishinomaki Mill manufacture coated woodfree paper.

2017-08-04 
ANDRITZ GROUP: Results for the first half of 2017

ANDRITZ saw satisfactory business development in the first half of 2017. The key financial figures developed as follows :

  • Sales amounted to 2,779.0 MEUR in the first half of 2017 and were thus at practically the same level as in the previous year’s reference period (+0.6% compared to H1 2016 : 2,761.2 MEUR). Sales in the second quarter of 2017 dropped by 5.6% compared to the previous year to 1,392.8 MEUR (Q2 2016 : 1,475.6 MEUR).
  • The order intake increased – due to the very strong first quarter – in the first half of 2017 to 2,771.3 MEUR and was thus 8.0% higher than in the previous year’s reference period (H1 2016 : 2,566.4 MEUR). The PULP & PAPER business area, in particular, achieved a substantial increase in order intake that more than compensated the decline in order intake in the HYDRO business area. In the second quarter of 2017, the order intake of 1,211.3 MEUR was 8.2% below the level of the previous year’s reference period (Q2 2016 : 1,319.0 MEUR). The reason for this decrease was the lower order intake due to market conditions in the HYDRO business area and a decline in the metal forming sector, which achieved an extraordinarily high order intake in the previous year’s reference period.
  • The order backlog as of June 30, 2017, amounted to 6,849.1 MEUR (+0.9% compared to December 31, 2016 : 6,789.2 MEUR).
  • The EBITA in the first half of 2017 was positively impacted by a one-off effect in the amount of around 25 MEUR, which resulted mainly from the sale of Schuler’s technical center in Tianjin, China ; it reached 207.3 MEUR and was thus significantly higher than the figure for the previous year’s reference period (+13.3% compared to H1 2016 : 183.0 MEUR). As a result, profitability (EBITA margin) increased to 7.5% (H1 2016 : 6.6%). Excluding this one-off effect, profitability would have remained unchanged compared to the previous year at 6.6%. In the second quarter of 2017, the EBITA amounted to 109.9 MEUR (+10.9% compared to Q2 2016 : 99.1 MEUR).
  • The net income (without non-controlling interests) increased in the first half of 2017 to 130.8 MEUR (H1 2016 : 120.2 MEUR).

Wolfgang Leitner, President & CEO of ANDRITZ AG : “We are satisfied overall with developments in the first half of the year, even though we were not able to reach all our targets in our business areas. As far as the markets we serve are concerned, we do not expect any substantial changes in project and investment activity for the remainder of the year.”
For the 2017 business year, ANDRITZ has revised its sales forecast slightly and now expects a marginal decline in sales compared to 2016. From today’s perspective, profitability (EBITA margin) should at least reach the solid level of the previous year.

2017-08-04 
The Navigator Company selects Voith XcelLine tissue machine for Cacia in Portugal

   The Navigator Company continues its expansion in the tissue sector and signs a contract with Voith for the supply of a new XcelLine tissue machine. The production line is designed to sustainably produce high-quality tissue paper maximizing the usage of slush Eucalyptus pulp. The new tissue facility will be integrated in the existing Cacia site in Portugal, where the company operates one of the biggest pulp production plants in Europe.

2017-08-03 
Resolute Reports Preliminary Second Quarter 2017 Results

Q2 GAAP net loss of $74 million or $0.82 per share
 Adjusted EBITDA of $83 million
 Debt repayments of $41 million, liquidity at $414 million

Resolute Forest Products Inc. today reported a net loss for the quarter ended June 30, 2017, of $74 million, or $0.82 per share, compared to a net loss of $42 million, or $0.47 per share, in the same period in 2016. Sales were $858 million in the quarter, down $33 million, or 4%, from the second quarter of 2016. Excluding special items, the company reported a net loss of $3 million, or $0.03 per share, compared to net income, excluding special items, of $2 million, or $0.02 per share, in the second quarter of 2016.

"This quarter’s performance was a clear improvement from the first quarter," said Richard Garneau, president and chief executive officer. "The results of our wood products segment were strong given higher prices associated with the U.S. imposition of trade barriers, while our market pulp segment recorded a solid performance despite production curtailments associated with annual outages. In tissue, the improvement in our profitability continued but remained short of expectations. Paper segments continued to be impacted by adverse market conditions, particularly in specialty grades." 

Non-GAAP financial measures, such as adjustments for special items and adjusted EBITDA, are explained and reconciled below.

Operating Income Variance Against Prior Period

2017-08-03 
Poppies Europe to install the first TV840.6 in the UK

Important milestone in the British Tissue market : in July, Poppies Europe Ltd, UK leader and OMET partner since 2014, will install a new TV 840.6 double lane machine. It is the 12th OMET converting line in 3 years for the British company and the first TV 840 in the UK.

Sergio Villa, OMET Area Manager for the British area explains : “The new machine is going to produce single-ply napkins with over-all embossing pattern. It is a great machine for high production, expressly chosen to cope with the growing market demand. It provides double productive capacity compared to the eleven TV 503 already part of Poppies’ machine range”.

2017-08-01 
Leading Progroup into the future: Maximilian Heindl appointed as Deputy Chairman

From 1 August 2017 Maximilian Heindl, son of the company founder and Chief Executive Officer Jürgen Heindl, will be taking over responsibility as Deputy Chairman in Progroup’s senior management team. Maximilian Heindl joined the company back in mid-2016 and successfully took charge of the area of production and technology at Propapier (PM1 and PM2) as well as assuming overall responsibility for Propower.

With the Two Twentyfive strategy, which began in 2016, Progroup is approaching the ten-year period that lies ahead with ambitious projects and success-driven trade and is consistently striving to expand its market leadership in the sheet-feeding market in Central Europe. The required structural reconfiguration and expansion of the Executive Board is now continuing its logical progress with the appointment of Maximilian Heindl to the role of Deputy Chairman.

2017-08-01 
Next milestone achieved in sustainability - EU Ecolabel available for all UPM graphic paper grades

Following its Biofore approach, UPM Paper ENA has reached the next significant milestone in the company’s sustainability journey, as now all its mills produce papers that are awarded with the EU Ecolabel. The UPM Hürth paper mill completed the full range on June 5th, when its products received the EU Ecolabel certificate. The mill achieved the needed reduction in emissions by switching to more sustainable sources of energy.

"Being able to provide our customers with EU Ecolabel awarded products from all of our mills is a great achievement, which we can be proud of," says Päivi Rissanen, Sustainability Director, UPM Paper ENA. "The EU Ecolabel criteria covers all relevant environmental aspects and is a good proof of solid sustainability performance."

The EU Ecolabel covers the product’s whole lifecycle, which makes it the broadest ecolabel available on the market. Showcasing the EU Ecolabel printed on a paper product is a reliable and widely recognized way for UPM customers to express their commitment to sustainability. UPM has had the most comprehensive offering of papers carrying the EU Ecolabel in the paper industry, with the recent addition further strengthening this position - the label is now available for over 200 UPM Paper ENA products.

All environmental and social responsibility certificates of UPM papers including mill-specific EU Ecolabel certificates can be found in the UPM Certificate Finder.

2017-07-31 
DS Smith releases its Annual Report 2017: Redefining Packaging

DS Smith’s vision is to be the leading supplier of sustainable packaging solutions, bringing value to our customers.

The Annual Report focuses on our performance for the year 2016/17, together with how we are looking to the future and redefining packaging to help our customers realise their full potential in a changing consumer and retail environment.

2017-07-31 

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