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Notification according to chapter 9, section 5 and 6 of the Securities Market Act: BlackRock Inc.'s holding in Metso

Metso Corporation has received a notification, pursuant to Chapter 9, Section 5 and 6 of the Finnish Securities Markets Act, about a change in the holding of mutual funds managed by BlackRock, Inc. of the total amount of shares and financial instruments entitling to shares of Metso Corporation.

On March 24, 2017, BlackRock, Inc.’s aggregate holding in Metso exceeded the 5 percent threshold and amounted to 7,627,022 shares or 5.07 percent of Metso’s shares and votes. BlackRock, Inc.’s holding through financial instruments in Metso Corporation amounted to 345,449 shares, which corresponds to 0.22 percent of the total amount of shares in Metso Corporation. On March 24, 2017, BlackRock, Inc.’s total position in Metso Corporation amounted to 7,972,471 or 5.30 percent of Metso’s shares and votes.

Metso’s total number of shares and voting rights is 150,348,256.
BlackRock, Inc.’s holdings according to the notification :

2017-03-27  READ MORE...
FRANCE : STEADY PAPER & BOARD OUTPUT IN 2016

In 2016, according to COPACEL, the French paper and board production was stable at 7.98 Mt. A positive result compared to 2015 (- 1,4 %). Packaging grades increased whereas Printing & Writing Papers went down, however to a lesser extent than in 2015. The 2016 Turn Over was also down 2 % (5,8 billion euros). The full report will be published in the April-May issue of “La Papeterie Magazine”.

2017-03-24  READ MORE...
ATIP/RTE TECHNICAL DAY IN NORSKE SKOG GOLBEY

On March 23, ATIP (the French Technical Association of Paper Industry) and RTE (Réseau de transport d’électricité) organized a Technical Day dedicated to electrical power. The discussions were focused on a number of subjects : markets, Grid access, electricity quality, Data management… Some 30 people attended this meeting which took place in Norske Skog Golbey, near Nancy (Eastern France). A mill visit was also organized.

2017-03-24  READ MORE...
Kemira Oyj: The Annual General Meeting approved EUR 0.53 dividend

The Annual General Meeting of Kemira Oyj approved the Board of Directors proposal of EUR 0.53 dividend per share for the financial year 2016. The Annual General Meeting elected six (previously seven) members to the Board of Directors. Annual General Meeting re-elected Wolfgang Büchele, Kaisa Hietala, Timo Lappalainen, Jari Paasikivi and Kerttu Tuomas and elected Shirley Cunningham as a new member to the Board of Directors. Jari Paasikivi was re-elected as Board’s Chairman and Kerttu Tuomas was re-elected to continue as the Vice Chairman.

Ms. Shirley Cunningham is working as Executive Vice President and Chief Operating Officer, Ag Business and Enterprise Strategy and as a member of the Senior Leadership Team at CHS Inc., USA. She currently serves on the board of directors of Ardent Mills, LLC, Ventura Foods, LLC and TEMCO, LLC. Ms. Cunningham holds master’s degree in business administration from Washington University.

2017-03-24  READ MORE...
Sofidel and Wateraid announce a three-year-partnership

Sofidel has always been committed to limiting the consumption of water in its production processes and now expands its activity, looking especially to the 6th UN Global Sustainable Development Goal, which aims to ensure access to water and sanitation for all.

The Sofidel Group, a world leader in tissue paper manufacturing, today announced the beginning of a three-year partnership with WaterAid, the NGO whose mission is to ensure access to safe water, sanitation and hygiene services in some of the world’s poorest communities.

WaterAid is a non-governmental organisation founded in 1981, and since then it has given 25 million people access to safe water and provided sanitation and hygiene for 24 million people in 30 countries.

2017-03-24  READ MORE...
BA Systèmes, winner of the 2nd French National Outdoor Robotics Competition

BA Systèmes, French leader in AGV-based intralogistics systems, was awarded at the 2nd French National Outdoor Robotics Competition for its latest automated vehicle, the HLT10, an outdoor shuttle.
The French Outdoor Robotics Competition, launched at the initiative of the French Ministry of Economy and Finance (DGE) and organized by ONERA within the framework of the “Nouvelle France Industrielle” i.e. New Industrial France, was held on March 7, 2017, at the Museum of Air and Space, in Paris Le Bourget.
A competition rewarding a robotic industry of French excellence
This competition offered a panorama of technologically innovative robotic systems from French companies and laboratories in order to develop a growing industrial sector with strong growth potential. The prizes, awarded by a jury composed of robotics and industry professionals, were based on demanding criteria at the crossroads of many technological challenges, such as the quality of human/robot interaction, economic impact, labor pain reduction, technological innovation, ease of implementation and, of course, safety.

2017-03-24  READ MORE...
Committees of Metso's Board of Directors

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.

Personnel representation

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.

2017-03-23  READ MORE...
Decisions taken by Metso's Annual General Meeting 2017

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.

2017-03-23  READ MORE...
Ratings: Brazil pulpmakers — UBS sees short-term price steam reversing later; raise HW price forecast to $551 from $492

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

2017-03-23  READ MORE...
Global paper and forest products industry outlook to remain stable on steady operating income growth

The report covers European companies Mondi, Norske Skog, Smurfit Kappa, Metsa Board, WEPA, UPM-Kymmene, Stora Enso, The Navigator Company, Sappi, Lecta and ENCE.

Overview :

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.

2017-03-23  READ MORE...
Resolutions of the Annual General Meeting of Valmet Oyj

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.

Dividend payment

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.

2017-03-23  READ MORE...
Composition of the committees of Valmet Oyj's Board of Directors

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.

2017-03-23  READ MORE...
JSC Volga has become the most public transparent company of the pulp-and-paper industry in 2016

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.

2017-03-23  READ MORE...
Sulzer and ABB announce UK service agreement for large motors and generators

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.

2017-03-23  READ MORE...
SkySoft Creping Blade with Ceramic Coating helps to increase Tissue Productivity
  • Constant tissue quality
  • Highly wear-resistant, longer lifetime
  • Excellent compatibility with Yankee cylinders

 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.

2017-03-23  READ MORE...
Munksjö site in Rottersac, France, receives ISO 22000 Food Safety certification

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.

2017-03-23  READ MORE...
The parternship between Toscotec and EuroVast continues: a new MODULO-PLUS will be supplied for Cartiera della Basilica at Botticino’s plant.

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 .

2017-03-23  READ MORE...
“Circular by Nature” - new FEFCO campaign launched

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.

2017-03-22  READ MORE...
Metso honored with Best Foreign Entrepreneur 2016 award in South Korea

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.

2017-03-22  READ MORE...
Papyrus to invest in a European paper specialties hub in Cologne, Germany

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.

2017-03-22  READ MORE...
Valmet to supply a winder for Shandong Chenming Paper in China

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.

2017-03-22  READ MORE...
Brussels Employee-led Tree Planting Initiative enters its 7th year

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.

2017-03-22  READ MORE...
Klabin conducts Maintenance Shutdowns at the Puma and Monte Alegre Units

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

2017-03-22  READ MORE...
Dow Chairman and CEO Liveris to Receive STEM Leadership Hall of Fame Award from U.S. News & World Report

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.

2017-03-22  READ MORE...

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