Metso Corporation’s Board of Directors has elected members of the Audit Committee and the Remuneration and HR Committee from among its members as follows.
The Audit Committee : Arja Talma (Chairman), Lars Josefsson and Nina Kopola.
The Remuneration and HR Committee : Mikael Lilius (Chairman), Christer Gardell and Ozey K. Horton Jr.
Mr. Raimo Brand has been invited to participate in the meetings of Metso’s Board of Directors as the personnel representative elected by Metso’s personnel groups in Finland. He will participate in the meetings of the Metso’s Board of Directors as an invited expert, and his term of office is the same as the Board members’ term.
Metso Corporation’s Annual General Meeting (AGM) was held today in Helsinki, Finland.
The AGM approved the Financial Statements for 2016 and decided that a dividend of EUR 1.05 per share will be paid for the financial year ended on December 31, 2016. The dividend will be paid on April 4, 2017 to shareholders registered in the company’s shareholder register maintained by Euroclear Finland Ltd. on the record date of March 27, 2017. AGM discharged the members of the Board of Directors and the President and the CEO from liability for the 2016 financial year.
The AGM confirmed the number of Board members as seven and re-elected Mikael Lilius as Chairman of the Board and Christer Gardell as Vice Chairman. Peter Carlsson, Arja Talma, Ozey K. Horton Jr., Lars Josefsson and Nina Kopola were re-elected as members for a new term. The term of office of Board members will last until the end of the next AGM.
According to UBS Securities analysts, pulp price support is likely to continue through the middle of this year, as channel checks suggest buyers’ inventory remain relatively low
As such, the analysts, led by Andreas Bokkenheuser, raised their hardwood pulp price forecast to $551 a tonne this year from a prior estimate of $492 ; still, they lowered their price projections for 2018 to $480 a tonne from $500 previously.
Shares in Fibria SA, the Brazilian firm that is also the world’s No. 1 eucalyptus pulp producer, are down 15 pct this year, while those of smaller rival Suzano Papel & Celulose SA have shed 13.6 pct in the same period
The report covers European companies Mondi, Norske Skog, Smurfit Kappa, Metsa Board, WEPA, UPM-Kymmene, Stora Enso, The Navigator Company, Sappi, Lecta and ENCE.
Higher prices and stronger wood product, paper packaging and market pulp demand offsetting rising input costs and lower paper demand will keep the outlook for the global paper and forest products industry stable. Consistent with the stable outlook, the rating agency expects consolidated operating income increases of 2-4% for its 46 globally-rated forest product companies over the next 12-18 months.
The Annual General Meeting of Valmet Oyj was held in Helsinki today. The Annual General Meeting adopted the Financial Statements for 2016 and discharged the members of the Board of Directors and the President and CEO from liability for the 2016 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.
The Annual General Meeting decided to pay dividends of EUR 0.42 per share for the financial period ended on December 31, 2016. The dividend shall be paid to shareholders who on the dividend record date of March 27, 2017 are registered in the company’s shareholders’ register held by Euroclear Finland Ltd. The dividends will be paid on April 6, 2017.
The Board of Directors of Valmet Oyj has held its organizing meeting after the Annual General Meeting 2017. The Board of Directors has 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 has elected the members of the Audit Committee and the Remuneration and HR Committee from amongst its members.
The members of the Audit Committee are Lone Fønss Schrøder (Chairman), Eriikka Söderström and Tarja Tyni.
The members of the Remuneration and HR Committee are Bo Risberg (Chairman), Aaro Cantell and Jouko Karvinen.
Such conclusions were made by the draftsmen of “The Timber Companies Public Transparency Rating” published in Lesnaya Industriya [Forestry Industry] business magazine (№1-2 for 2017).
Every year Analytical department of the Lesnaya Industriya [Forestry Industry] conducts a research of the Russian timber companies for 52 parameters such as ownership structure of the Company, the data of the principal shareholders, financial statement disclosure, presence of the Charter and the Code of Corporate Conduct .
That rating took the presence of the published press releases of the companies, systematic renewal of the news on the website into account.
This year the eight mills of the pulp-and-paper industry which were formerly in the middle of the list are ranked in the Top-10 of “The Public transparency rating” of 2017, in addition to the woodworking companies which were in the top of the rating in 2016.
Sulzer has been chosen to provide the UK market with maintenance and repair services for ABB medium and high voltage motors and generators. The agreement provides ABB customers with direct access to the specialist skills and extensive facilities of Sulzer’s service centers in Birmingham and Falkirk.
As ABB’s first Loyalty Partner to provide workshop and repair services to its range of large motors and generators, Sulzer will provide inspection, remedial work, modifications, repairs and rewinds of ABB’s large machines rated at 6.6 kV and above. All repairs will be completed to ABB approved standards using original spare parts.
Sulzer has been appointed after the successful completion of an audit of it facilities, core competencies and consistently high quality, all of which are required to meet ABB’s exacting standards. Recent investment by Sulzer in its electromechanical equipment has helped to secure this service agreement.
SkySoft is a new creping blade from Voith that ensures constant tissue quality. The specially developed ceramic tip of the SkySoft creping blade is highly wear-resistant for a longer lifetime and less machine downtime. SkySoft was also designed to reduce friction on the Yankee cylinder, avoiding damage to its surface.
Munksjö, a world-leading manufacturer of advanced specialty papers announces that its Rottersac production site in France has been awarded ISO 22000:2005 certification by SGS for its Food Safety Management System.
A large proportion of the technical papers manufactured at the Rottersac mill include products for the food packaging industry. These packaging papers serve various end-use applications in the bakery, confectionery, fresh produce and dairy markets. Exemples include baking papers and flexible packaging papers for take-away food, sweets, cheese and butter, to name a few.
The Italian company EuroVast has chosen Toscotec again to expand the capacity of its Cartiera della Basilica at Botticino’s plant.
The new machine, a MODULO-PLUS crescent former with single press configuration, TT SYD-3200MM and TT MilltechHood, is the perfect solution to meet Eurovast’s need : high quality tissue product, attention to energy saving and eco-sustainability were determining factors in choosing advanced Toscotec’s technology for this project .
On 21st of March, FEFCO participated in a high-level forum discussing the role of packaging in the Circular Economy. The debate, organised by EURACTIV with the support of FEFCO, attracted around 80 participants from EU authorities, NGOs, industry and other EU stakeholders.
The South Korea Chamber of Commerce and Industry has awarded Metso in South Korea with the prize of Best Foreign Entrepreneur in 2016, commended by the Prime Minister of the Republic of Korea Hwang Kyo-ahn.
Metso South Korea received this recognition for its outstanding contribution to national industrial development by promoting commerce and industries.
Papyrus announces the plan to invest in a new logistical hub in Cologne, Germany to optimise its logistical infrastructure and improve the service offering of paper specialties to its customers across Europe. The new 22,000 m2 state-of-the-art warehouse will be accompanied with a paper competence center for service development, training and customer seminars. It is expected to open in early 2018.
This further investment in Papyrus is inline with the strategy to build the strongest platform for our Printing & Creative Solutions business segment in Europe. It follows the earlier investment in Switzerland through the acquisition of Inapa Switzerland in December 2016 and the acquisition of the Swedish Viscom company Olsonic.
Valmet will supply a new winder for Shandong Chenming Paper Ltd. at its Zhanjiang site in Guangdong province, China. The board machine BM 4 producing folding box board (FBB) will be equipped with a new winder to increase winding capacity. The new winder will be started-up in 2018.
The order is included in Valmet’s first quarter of 2017 orders received. The value of the order will not be disclosed. The value of orders of this type and scope is typically around EUR 5-10 million.
Dressed in wellington boots and rain jackets, the dedicated Tree Planting Team from Sappi Europe, including Berry Wiersum CEO, once again braved the Brussels weather to plant a further 1,250 saplings in the Forêt des Soignes. They were rewarded with rays of sunshine, and the feeling of satisfaction after a hard day’s work. The initiative has resulted in 16,250 trees planted since it started 7 years ago.
Between March 19 and 31, the Puma Unit in Ortigueira will undergo its first maintenance shutdown. The Monte Alegre Unit will be shut down for maintenance between April 24 and May 3
The Dow Chemical Company announced today that Andrew Liveris, Dow’s chairman and CEO, will receive the U.S. News Science, Technology, Engineering and Math (STEM) Leadership Hall of Fame Award at the publication’s upcoming STEM Solutions National Leadership Conference in San Diego, Calif.
UPM has signed an agreement on the sale of its hydro power facilities in Schongau and Ettringen, Germany to erdgas schwaben gmbh, a regional energy company, located in Augsburg.
The sale and purchase agreement is still subject to third party approvals. The parties have agreed not to disclose the purchase price. The transaction does not have an effect on the employees working at UPM Schongau and UPM Ettringen mills.
"erdgas schwaben is a deep-rooted energy company in Bavarian Swabia as well as a pioneer in power generation from renewable energy sources. As an integral part of an energy company the hydro power facilities could be better developed and optimized," says Rainer Häring, Director Energy, Western Europe, UPM Paper ENA.
Sappi has awarded Pöyry the detailed design for the rebuild of its No. 1 Paper Machine at its Somerset paper manufacturing facility in Skowhegan, Maine, USA. The rebuild will impact nearly every component of the machine from pulp makedown to finishing and shipping.
The $165MM USD capital project will expand Sappi North America’s manufacturing capabilities and flexibility to include a variety of consumer packaging grades. The investment of its No. 1 paper machine will maintain Sappi’s leadership position in the graphic paper market, increasing annual production capacity at this mill to nearly one million tons per year.
Smithers Pira, the worldwide authority on the packaging, paper and print supply chains, today announced it will be taking over the management of the annual Paper and Related Industries Marketing Association (PRIMA) conference following the association’s dissolution in December 2016.
The conference will move from its traditional May home to a new date in early September. The 48th annual conference will be held at the Mövenpick Hotel in Berlin, Germany on September 6-7 2017.
Industry thought leaders will offer insight on the latest consumer packaging trends, innovation and sustainability at the “Big Ideas” expert talks and panel discussions hosted by Amcor.
Amcor, a global leader in responsible packaging solutions, will assemble some of the industry’s leading packaging experts at Interpack 2017 May 4-10 in Dusseldorf, Germany to discuss latest developments in consumer engagement and packaging trends, new technologies and materials, and more sustainable packaging.
These events are part of the company’s goal to drive innovation and respond to its customers’ needs in terms of differentiation, food safety, value for money and sustainability.
“Interpack is an opportunity to meet with industry influencers and have dynamic conversations around all things packaging,” said Peter Konieczny, president of Amcor Flexibles EMEA. “The experts we gathered to speak at the Amcor events offer real-world experience and valuable insights on some of the most important topics facing brand owners, retailers and manufacturers – from designing for Generation Z to packaging that contributes to a Circular - Economy model.”
With a production capacity of 1 million tonnes, RDM delivers from 6 mills and has 10 sales offices based in Europe as well as a worldwide network of agents and traders. RDM is established in more than 70 countries across the world and quality and service are our main priorities.
Since 2012, RDM has invested massively in its Villa Santa Lucia mill for the benefit of its customers. Thanks to a high end quality of coated liners, Villa Santa Lucia primarily serves the most demanding Display, FMCG and Packaging markets all over Europe. The continuous improvement achieved and the high level of runnability of our Liners for Offset and Flexo printing support our customers in the development of new markets
The Navigator Company, European leader in the production of UWF paper, is forced to increase the prices for its UWF (uncoated woodfree) paper products, by 4 to 7% in all the countries of Middle East, Africa and Turkey, as from 3rd of April 2017, due to rising costs of production and unparalleled order intake and record order book.