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Breaking News
Södra announces price increase for softwood pulp in Europe to USD 840 per tonne

Södra has started informing customers that it will increase its market price for NBSK in Europe to USD 840, for all new business You may quote Magnus Björkman, VP Sales and marketing, Södra Cell, as follows : “Current market conditions are very favourable and demand is solid. We closed January business with prices on the rise amid consensus from our customers. Also recent global statistics and market conditions support this momentum.”

2017-02-10  READ MORE...
LECTA TO INCREASE CWF PRICES BY 8-9% IN EUROPE, EFFECTIVE MARCH 13

Lecta is set to increase the prices of all its 2 side CWF grades in sheets and reels by 8% to 9% in Europe, effective with the deliveries from 13th March 2017.

​The price movement is unavoidable to offset rising manufacturing costs, particularly energy, pulp, latex and other raw materials

The price increase will be applied also in export markets according to product format and on a country by country basis.

Lecta sales teams are at our customers’ disposal to provide specific information on how the price increase will be applied in each market.​

2017-02-09  READ MORE...
Demag Cranes Higher handling rates thanks to tandem control

Automated Demag roll-shipping store for Laakirchen Papier AG
• Two process cranes each fitted with two open winch crabs that can travel in-dependently of each other
• Gentle handling of rolls by means of vacuum grippers

2017-02-09  READ MORE...
Metso to support WWF Finland's work to protect Saimaa ringed seal and John Nurminen Foundation's Baltic Sea protection work

Metso has signed a sponsorship agreement with WWF Finland and the John Nurminen Foundation. Metso’s support will be focused on the WWF’s Saimaa ringed seal conservation work and on the John Nurminen Foundation’s projects intended to improve the state of the Baltic Sea.

"Metso’s industrial presence in Finland extends far back, and with the country celebrating 100 years of independence, it seemed only natural to select Finnish targets to sponsor," explains Metso’s Head of Sustainability, Kaisa Jungman.

2017-02-09  READ MORE...
New major nanocellulose project starting in northern Sweden

With the aim to establish production of crystalline nanocellulose (CNC), a project will be started for development of the test bed TinyBTalented and new applications on a large scale. With a budget of 8 million SEK, the project also aims to establish working methods for future application development. Processum will be acting as project leader for this project with many participants, i.e. Holmen, Melodea, Mid Sweden University, MoRe Research, Organofuel, RISE Chemistry, Materials and Surfaces as well as S2Medical, SEKAB E-Technology and Tetra Pak.

2017-02-09  READ MORE...
Pöyry PLC: Hanna Summa appointed Senior Vice President, Human Resources of Pöyry

Hanna Summa, 41, has been appointed Senior Vice President, Human Resources, Pöyry PLC. In this position, she will report to Anja McAlister, Head of Transformation and Strategy and member of Pöyry’s Group Executive Committee.

"I am delighted to have this opportunity," says Hanna Summa. "Since joining Pöyry in 1999, I have seen our company develop and grow along with its people. It’s our talented experts and our unique Pöyry DNA that makes our company such a special place to work. Intrapreneurship, empowerment and accountability are at the heart of our new culture. The focus is on creating a stimulating environment that attracts the brightest of minds and where people get to work on interesting projects that make a lasting difference."

"In Hanna, we are fortunate to already have an experienced HR professional who knows the breadth of our company well and who has grown with us," says Anja McAlister, Head of Transformation and Strategy. "Key to our Strategy is building our ’Next Generation Pöyry. We are depending on our 5500 intrapreneurs to apply their in-depth insight and phenomenal experience to leverage global forces such as climate change, digitalisation and the emerging bioeconomy, to generate new solutions and services that create distinct client value." 

Hanna’s previous position at Pöyry was Vice President, Human Resources, where she was responsible for HR operations in its Region Northern Europe and Region North America and in addition, acting HR lead for the Energy Business Group.

2017-02-09  READ MORE...
Bekaert Solaronics to supply UniDryer® V3 and GemDryer® infrared systems to Reno de Medici La Rochette France.

 Bekaert Solaronics supplied Reno de Medici La Rochette (ex-Cascades s.a.s.) with two infrared systems GemDryer® and one UniDryer® V3 after each coating stations on its BM2 folding boxboard machine. 

2017-02-09  READ MORE...
Valmet to supply an extensive paper machine rebuild for Sappi North America

Valmet will supply an extensive rebuild for Sappi North America at its Somerset paper manufacturing facility in Skowhegan, Maine, USA. As a result of the rebuild, the paper machine (PM1) will be able to produce both coated paper and a variety of consumer packaging products. The start-up of the rebuilt machine is scheduled for early 2018.

The order is included in Valmet’s first quarter 2017 orders received. The value of the order will not be disclosed. The value of an order of this type is typically EUR 60-70 millions

2017-02-09  READ MORE...
ANDRITZ to supply equipment for fiberline upgrade to Altri Celbi, Portugal

ANDRITZ has been selected to upgrade the brown stock washing process in the fiberline at the Altri Group’s Celbi mill in Portugal. Start-up is scheduled for autumn 2017. The new DD-Washer and other fiberline equipment supplied by ANDRITZ will substantially improve the washing efficiency and increase the capacity of the hardwood fiberline.

This is a repeat order for ANDRITZ at the Celbi mill, thus demonstrating the very successful, long-term business relationship between the two companies. The latest deliveries of ANDRITZ technology were the pulp drying line and cooking process systems in 2014 and 2015, respectively.

Altri is headquartered in Porto, Portugal, and is one of the leading producers of bleached eucalyptus pulp in Europe

2017-02-09  READ MORE...
Rottneros - YEAR-END REPORT JANUARY-DECEMBER 2016

STRONG ANNUAL PROFIT ONCE AGAIN

 Profit after financial items amounted to SEK 163 million (259) for full year 2016 and earnings per share were SEK 0.84 (1.46).
 Net turnover for the fourth quarter of 2016 was SEK 441 million (429), an increase of 3%. Delivery volumes in the fourth quarter rose by 2% compared with fourth quarter 2015.
 Like last year, fourth quarter earnings were impacted by the annual maintenance shutdown at Vallvik Mill. The loss of production and the direct cost of the shutdown decreased earnings for the fourth quarter by approx. SEK 55 million. The loss after financial items for the fourth quarter was SEK 7 million (profit 1).
 The list price for NBSK pulp over the fourth quarter was 1% lower in USD, but 5% higher in SEK, compared with fourth quarter 2015. For full year 2016, however, the list price was 6% lower in USD and 5% lower in SEK than in 2015.
 Investments in the Agenda 500 development programme continue to increase capacity. Investments in 2016 totalled SEK 278 million (103).
 A new annual production record for Rottneros Mill and for the Group in the current structure.
 In the fourth quarter, a previous write-down recognised in 2011 relating to the grinding line at Rottneros Mill was reversed and certain write-downs were recorded, with a net positive effect of SEK 14 million on the quarterly earnings.
 In February 2017, the Board of Directors decided on an extended purification plant at Rottneros Mill, as part of Agenda 500. The investment of SEK 84 million is planned to be commissioned in 2018.
 The Board of Directors proposes an ordinary dividend of SEK 0.30 per share and an extra dividend of SEK 0.10 per share.

2017-02-09  READ MORE...
Advent International Acquire Brammer

Meinie Oldersma, Brammer Group CEO announced that the Brammer Group and Advent International had completed the previously announced transaction under which Advent International has acquired the Brammer Group for 165p per share in an all cash transaction with an equity value of approximately 221 million GBP. « Advent has acquired Brammer because it believes that the Brammer Group is a business with good potential which has a long term, sustainably profitable future. Advent is injecting new equity into the business which puts the balance sheet on a much stronger footing and gives us the ability to support the investments we wish to make in the future. Brammer’s aim is to ensure customers will benefit from this investment in that they will have an effortless experience when they work with Brammer ; best in class logistical and delivery service from our streamlined network, strong technical support from our sales teams, excellent post sales service from our customer service hubs and of course a complete selection of products from which to fulfil their requirements. Suppliers will also benefit ; they will receive the true value that a distributor like Brammer can deliver to them ; The company will provide a seamless access to the market and generate the demand they need to grow themselves. »

2017-02-09  READ MORE...
Clearwater Paper Announces Second Tissue Machine and Converting Facility in Shelby, North Carolina

Clearwater Paper Corporation  today announced plans to build a new tissue machine and related converting equipment for producing premium and ultra-premium grades of private label tissue products at a site adjacent to the company’s existing facility in Shelby, North Carolina.

"Clearwater Paper’s customers are requiring more premium and ultra-premium products, which we are addressing with the new capacity. These high growth segments have increased 3.5 times faster than the overall tissue market, and we are committed to growing with our strategic customers and positioning ourselves to add new customers," said Linda K. Massman, president and CEO. "We believe this new capacity will reinforce our leadership in the private label tissue business and will be a significant driver of operating earnings growth while strengthening the quality of our manufacturing assets."

2017-02-09  READ MORE...
Ibá publishes forestry industry results for 2016

The Brazilian planted tree industry achieved growth in exports in 2016. During this period exports totaled 12.9 million tons of pulp (+12%) ; 2.1 million tons of paper ; and 1 million m3 (+64%) of wood panels.

2017-02-08  READ MORE...
Preliminary statistics 2016: European paper industry

Paper and board production in CEPI countries shows a small decline from 2015

The decline in output of graphic grades persists whilst production of packaging grades continues to rise

Paper and board deliveries by CEPI countries are expected to be down by 0.7%

Overall paper and board consumption estimated to increase by 1%

Total pulp production increases by 0.7% and market pulp output rises by around 2.5%

Utilisation of paper for recycling falls by around 0.3% when compared to 2015

2017-02-08  READ MORE...
Strengthening Sappi Europe’s Competitive Advantage

Range of projects launched for period 2017 to 2019 including :
- Expanded lightweight packaging and speciality paper capacity at Alfeld Mill
- Conversion of Maastricht Mill to produce high quality solid bleached board
- Transition Lanaken Mill PM8 over three years to support coated woodfree business

Sappi Limited announced today a range of projects in Europe and the United States to support its growth strategy and 2020Vision and in particular to be the lowest cost producer and best service provider in graphic papers and to increase its global product offering to packaging and speciality papers customers.

2017-02-08  READ MORE...
Strengthening Sappi Europe’s Competitive Advantage

Range of projects launched for period 2017 to 2019 including :
- Expanded lightweight packaging and speciality paper capacity at Alfeld Mill
- Conversion of Maastricht Mill to produce high quality solid bleached board
- Transition Lanaken Mill PM8 over three years to support coated woodfree business

Sappi Limited announced today a range of projects in Europe and the United States to support its growth strategy and 2020Vision and in particular to be the lowest cost producer and best service provider in graphic papers and to increase its global product offering to packaging and speciality papers customers.

2017-02-08  READ MORE...
Bekaert Solaronics to install an infrared drying system UniDryer® at Kingdecor (Zhejiang) Co. Ltd, China.

Bekaert Solaronics supplied Kingdecor (Zhejiang) with two hoods of 6-rows infrared UniDryer® for drying of laminating papers on its Paper Machine 1.

2017-02-07  READ MORE...
Tissue Italy appoints President for iT’s Tissue 2018

Tissue Italy Network has appointed Massimo Franzaroli as President for iT’s Tissue 2018, after Sergio Casella stepped down due to other commitments. iT’s Tissue takes place June 25-29, next year.
Mr Casella will remain on the board as Vice President, along with Mauro Celli, Marco Dell’Osso and Rudy Michelini.

2017-02-07  READ MORE...
Mondi Group acquires Excelsior Technologies

Mondi Group has acquired 100% of the outstanding share capital of Excelsior Technologies Limited from funds managed by Endless LLP and certain other minority shareholders, for a total consideration of £33 million (€38 million), on a debt and cash-free basis.

2017-02-07  READ MORE...
Mondi : Modernisation and expansion of Steti mill

As previously stated, Mondi continues to assess capital investment opportunities centred on the Group’s high-quality, low-cost packaging paper assets in central Europe.

The Mondi Boards have approved the modernisation and expansion of the Steti mill for a total investment of €470 million, subject to obtaining approval for various tax incentives and necessary permitting. The project consists of the installation of a new recovery boiler, the rebuild of the fibre lines, the debottlenecking of the paper machines and an investment in a new 90,000 tonnes per annum machine glazed kraft paper machine.

2017-02-03  READ MORE...
Definitive Agreement Reached for WestRock to Acquire Multi Packaging Solutions for $18.00 per share

WestRock Company  and Multi Packaging Solutions International Limited  announced today that a definitive agreement has been reached for WestRock to acquire all of the outstanding shares of MPS for $18.00 per share in cash and the assumption of an estimated $873 million in net debt, for a total enterprise value of $2.28 billion. This enterprise value represents a trailing twelve-month adjusted EBITDA multiple as of September 30, 2016, of 9.6 times, and 7.1 times including anticipated synergy and performance improvements. The acquisition is expected to be immediately accretive to WestRock’s financial results, both on an earnings per share basis and cash flow basis, inclusive of purchase accounting adjustments.

Founded in 2005, and headquartered in New York, NY, MPS is a recognized leading global provider of print-based specialty packaging solutions. MPS’ differentiated product offering includes premium folding cartons, inserts, labels, and rigid packaging, and it serves a diverse, blue chip customer base, primarily in the growing consumer and healthcare sectors. The company serves its customers on a global basis through 59 locations across North America, Europe and Asia. On a trailing twelve-month basis as of September 30, 2016, MPS generated revenue of $1.6 billion and Adjusted EBITDA of $237 million.

2017-02-03  READ MORE...
Holmen : Information on ongoing preliminary investigation related to hunting

Holmen is one of the largest owners of forests in Sweden and hunting is an important part of forestry management in order to limit the damages from grazing. It is natural and customary for forest companies to include hunting events in connection with representation. In Holmen such events only constitute a small portion of the hunts. According to tradition, representatives of the management of Holmen have for a long time served as hosts for hunting events with invited participants. Fredrik Lundberg, the chairman of the Board of Holmen has, since he became the chairman of the Board almost 22 years ago, hosted two to three of Holmen’s hunting events per year. Individuals from Holmen’s network have been invited to these events, which all have taken place in the region of Norrköping, Sweden, where Holmen has extensive operations. Employees of Holmen have also taken part in the hunts.

2017-02-03  READ MORE...
MONDI : Directorate Change

As part of the dual listed company structure, Mondi Limited and Mondi plc notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority. This announcement contains inside information and falls within the ‘inside information’ classification pursuant to the requirements in Articles 7 and 9 of the regulatory technical standards of the Transparency Directive (2004/109/EC).

David Hathorn to retire and Peter Oswald to be appointed as Group Chief Executive Officer
Mondi Group announces that David Hathorn, Group Chief Executive Officer, has informed the Boards of his decision to retire. Peter Oswald, currently an Executive Director and Chief Executive Officer of the Europe & International Division, will succeed David as Group Chief Executive Officer.

In order to ensure a smooth transition, David and Peter will work together over the next three months and David will stand down as Group Chief Executive Officer and as a director of Mondi plc and Mondi Limited at the conclusion of the Annual General Meetings on 11 May 2017, at which time Peter will assume the full responsibility as the Group Chief Executive Officer. Thereafter David will support Peter as required and continue to work in an executive capacity until his retirement in February 2018.

2017-02-03  READ MORE...
Mondi extends its heavy duty corrugated offering to the Polish market

The international packaging and paper producer Mondi will reinforce its heavy duty corrugated capabilities in Europe with investments in its Mondi Simet plant near Poznań. A 2.8 metre corrugator with three single facers will be installed, expanding Mondi Simet’s product portfolio to heavy duty corrugated items and providing a wider choice for its customers in the region. A 2.40 metre box maker with a stitching unit will also be installed for heavy duty conversions, allowing short production runs with boards up to six metres in length.

2017-02-03  READ MORE...

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