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UPM and Tornator sign forestry land sales and wood supply agreements

UPM and Tornator PLC have today signed a letter of intent on forestry land sales and long-term wood supply. Tornator will annually sell a significant volume of wood from their forests to UPM mills in Eastern Finland. Additionally, the companies have agreed on forestry land sales covering 23,000 hectares of UPM-owned forest estates in North Karelia to be sold to Tornator. The forests are located in the municipalities of Ilomantsi, Juuka, Lieksa and Polvijärvi and they are both PEFC(TM) and FSC® certified (FSC C 109750). The parties have agreed not to disclose the value of the agreements.

"Our mills in Eastern Finland use all wood assortments and Tornator owns a significant number of FSC certified (FSC C 123368) forests in their vicinity with a versatile range of tree species", says Sauli Brander, SVP, UPM Wood Sourcing and Forestry. "This agreement strengthens the wood supply to UPM mills and increases the FSC certified wood volume in our mills in Eastern Finland."

"Our strategy is to grow as a forest owner and at the same time to be a responsible and competitive partner to our customers and stakeholders. The agreements with UPM support our goals extremely well. They do not affect on Tornator’s ownership or business model", explains Sixten Sunabacka, CEO, Tornator PLC.

"The UPM forest estates covered in the agreement are located in Tornator’s core area and bring along significant synergy benefits in forestry and improve our service capabilities in wood and lakeshore plot markets. Furthermore, they enhance our capability to supply double-certified wood to our current customers", says Sunabacka.

"This forestry land sales is different than our previous investor agreements as the buyer is an established forest owner in the vicinity of our mills and thus able to flexibly supply wood to UPM", continues Brander.

As part of the real estate portfolio development UPM has for several years regularly sold forest assets located far from its mills.

2017-03-30 
Papyrus Holding becomes OptiGroup

Papyrus Group today announced a new identity and the way it will communicate with investors and other external stakeholders in the future. Papyrus Holding AB, the parent company in the Papyrus Group, will change its name to OptiGroup AB and the group will be referred to as the OptiGroup.

“The natural extension of our strategy to strengthen our businesses and diversify into new sectors leads us to re-name our Holding company the OptiGroup. It fits well with our ambition to help our customers to optimise their business by providing the products and services that they need,” said Christoph Sander, Chairman and CEO of OptiGroup.

For customers and employees there will be no changes. Papyrus will continue to be the strongest brand in the market for graphical printing customers. Procurator, VeliMark, Supplies Direct, Olsonic and our other businesses within the OptiGroup will lead our development and expansion in the customer segments that they serve

2017-03-30 
UPM to sell its hydro power facilities in Steyrermühl to Energie AG

UPM has signed an agreement on the sale of its hydro power facilities in Steyrermühl, Austria to Energie AG, an energy infrastructure company, located in Upper Austria.

The sale and purchase agreement is still subject to third party approvals. The parties have agreed not to disclose the purchase price.

"With their broad experience and best available technology in hydro power generation the Austrian wide well-known EAG could better develop and optimize the hydro power facilities at the river Traun further, where the company already operates other hydro power assets," says Rainer Häring, Director Energy, Western Europe, UPM Paper ENA.

2017-03-30 
Decisions of UPM-Kymmene Corporation's Annual General Meeting and the Board of Directors

Decisions of UPM-Kymmene Corporation’s Annual General Meeting and the Board of Directors

The Annual General Meeting of UPM-Kymmene Corporation took place in Helsinki, Finland, today, 29 March 2017. The meeting was opened by the Chairman of the Board of Directors, Björn Wahlroos, and chaired by Johan Aalto, Attorney-at-Law. A total of 3,249 shareholders were present or represented at the meeting, representing a total of 266,097,405 shares and votes. The AGM approved all Board proposals and all decisions were taken without voting.

Decisions of the AGM

The AGM approved the Financial Statements of the Company and discharged the members of the Board of Directors and the President and CEO from liability for the financial period 1 January-31 December 2016. As proposed by the Board of Directors, a dividend of EUR 0.95 per share will be paid on 12 April 2017. The dividend record date is 31 March 2017.

Composition and remuneration of the Board of Directors

The number of members of the Board of Directors was confirmed as ten, and all incumbent directors, i.e. Berndt Brunow, Henrik Ehrnrooth, Piia-Noora Kauppi, Wendy E. Lane, Jussi Pesonen, Ari Puheloinen, Veli-Matti Reinikkala, Suzanne Thoma, Kim Wahl and Björn Wahlroos, were re-elected to the Board for a term continuing until the end of the next AGM.

The Board remuneration was decided to be raised and it was resolved that the Chairman of the Board will be paid an annual base fee of EUR 190,000, the Deputy Chairman of the Board EUR 135,000 and other members of the Board EUR 110,000. The AGM further resolved that the following annual committee fees will paid to the members of the Board of Directors’ committees :

 the Nomination and Governance Committee Chairman EUR 20,000 and members EUR 10,000

 the Audit Committee Chairman EUR 35,000 and members EUR 15,000 and

 the Remuneration Committee Chairman EUR 20,000 and members EUR 10,000.

No annual fees will be paid to a member of the Board of Directors belonging to the executive management of the Company. The annual base fee will be paid in the Company shares and cash so that 40% of the fee will be paid in the Company shares to be acquired on the Board members’ behalf, and the rest in cash. The annual committee fees will be paid in cash. The Company will pay any costs and transfer tax related to the acquisition of the Company shares. Shares thus acquired may not be transferred within two years from the purchase date or until the director’s membership in the Board has ended, whichever occurs first. According to the purchase order issued by the Company, the shares will be acquired within two (2) weeks following the release of the Company’s Interim Report for the period 1 January-31 March 2017.

2017-03-29 
Sappi Biotech partners with CellMark to increase global sales reach of Sappi’s Hansa lignin products

Sappi Limited is pleased to announce that its Biotech division has entered into an agreement with CellMark appointing CellMark as the non-exclusive sales agent for Sappi Biotech’s Hansa lignin products, produced in liquid and powder formats in South Africa at Sappi Tugela Mill.

Sappi is the world’s largest producer of Lignosulphonates from operations in South Africa and Europe. The material is both used internally for bio-energy generation or beneficiated and processed to technical lignins for sale to global lignin markets. CellMark operates a global sales, marketing, financing and logistics business aimed at consistently surpassing customer expectations.

2017-03-29 
Valmet to supply a fine paper line for Ittihad International Investment in United Arab Emirates

Valmet will supply a fine paper line for Ittihad International Investment L.L.C. in Abu Dhabi, United Arab Emirates. The new greenfield production line (PM 1) with a wide automation package will be producing high-quality printing and writing paper grades for the growing domestic markets and the Middle East and North Africa region. The start-up of the machine is scheduled for the end of year 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 an order of this type is typically around EUR 45-70 million.

The order was placed by China Light Industry International Engineering Co., Ltd, an EPC (engineering, procurement and construction work) company, which will be responsible for the complete turnkey delivery of the mill site.

2017-03-29 
ANDRITZ AG Annual General Meeting approves dividend increase to 1.50 euros per share

At today’s 110th Annual General Meeting of ANDRITZ AG, the shareholders agreed to raise the dividend to 1.50 euros per share for the 2016 business year (2015 : 1.35 euros per share). The ex-dividend date is March 30, 2017, and the date of dividend payment is April 3, 2017.

Christian Nowotny, Chairman of the Supervisory Board of ANDRITZ AG, was re-elected to the Supervisory Board for the maximum period stipulated in the Articles of Association (i.e. until the end of the Annual General Meeting that will decide on the discharge for 2021). Christian Nowotny was appointed a member of the Supervisory Board of ANDRITZ AG in December 1999 and has been Chairman of the Supervisory Board since March 2014.

All items on the agenda were approved by the shareholders present at the Meeting.

2017-03-28 
New phase in Klabin's management

After six years of dedicated service, Fabio Schvartsman, the Chief Executive Officer of Klabin, has announced his departure from the company to take on yet another important challenge in his career : Chief Executive Officer of Vale.

During his time at the helm of Klabin, Schvartsman established a new cycle of management and results in the company. Since 2011, the company has doubled its production capacity, entered new business segments, tripled its market value and kept its financial results growing for 22 quarters in a row. On the question of management, Schvartsman always focused on valuing professionals and, especially on the executive board, strengthened the team’s functioning in an integrated manner and driven by results and high performance.

Until the new CEO is decided, the company remains focused on its growth strategy and on achieving its business goals. “Our performance is based on a unique, sustainable and profitable business model that was designed over our 118-year history,” says Paulo Sérgio Coutinho Galvão Filho, Chairman of the Board of Directors of Klabin.​

2017-03-28 
Lucart recycle used beverage cartons into sanitary paper: a successful practice of circular economy in Novo Mesto Slovenia

Komunala Novo mesto d.o.o. was the first municipal services company in Slovenia to take part in a pilot project to close the materials cycle for waste milk, juice and other beverage cartons (used beverage cartons or UBCs). Through a series of specially designed activities, they were encouraging schools and households to collect UBCs separately and to pass as many of them on for recycling as possible. This was part of Novo Mesto’s efforts to gradually establish its own closed materials loop for waste BCs, thereby securing enough raw materials to produce its own supply of sanitary paper over the long term.

Komunala Novo mesto provides municipal services for eight municipalities covering a total population of 65,000. This population disposes enough waste milk and juice UBCs per year in yellow containers or bags to provide just enough resource of cellulose for the production of annual quantity of sanitary paper used by local public institutions – municipal government offices, schools, nursery schools, health centers, libraries and the like. Around 45 hectares of woodland would have to be felled to make this quantity of sanitary paper ; but if all UBCs in the area covered by Komunala Novo mesto were recycled into sanitary paper, this would meet the entirety of local needs and, moreover, save around 1,100 trees and provide total independency from primary resources. In a desire to lead the way in establishing this method of conserving the environment, Komunala Novo mesto has decided to take part in the pilot project.

2017-03-28 
Management Appointments at KaiCell Fibers

Finland’s bio-products mill project in Paltamo will complete a full Feasibility Study by the summer of 2017, and has taken steps to formalise its management structure.
Jukka Kantola, M.Sc., eMBA, is appointed CEO. He has held a number of management and leadership positions in international forest industry companies as well as being a strong influencer of new solutions within the bioeconomy since 2012.
Martin Doktar, M.Sc., becomes Director of Strategy, with special emphasis on investor relations. He brings an exceptionally wide international experience from sales and marketing, as well as major forest industry acquisitions and corporate restructuring.

2017-03-28 
Feldmuehle to present mineral oil barrier papers at Packaging Innovations 2017 in Berlin

The question about how to protect foodstuffs against mineral oil contamination has been a driving force for packaging designers and distributors, since a Stiftung Warentest study in 2012 found mineral oil residues in 24 chocolate advent calendars, widely publicising the issue.
Feldmuehle offers paper with mineral oil barrier, providing packaged goods with effective protection against mineral oil migration and contamination. These papers are used by brand owners for the packaging of dry and fatty foodstuffs.

2017-03-28 
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 

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 

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 
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 
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 
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 
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 
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 
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 
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 
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 
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 
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 

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