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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 
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 
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 
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 
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 
“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 
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 
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 
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 
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 
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 
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 
UPM to sell its hydro power facilities in Schongau and Ettringen to erdgas schwaben

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.

2017-03-22 
Pöyry awarded detailed design assignment for major rebuild of a paper machine for Sappi North America

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.

2017-03-21 
PRIMA conference to be managed by Smithers Pira

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.

2017-03-21 
Amcor to Host Packaging Thought Leadership Events at Interpack 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.”

2017-03-21 
Villa Santa Lucia : Extension of the Substance range

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

2017-03-21 
Navigator Company to increase uncoated fine paper prices by 4-7%

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.

2017-03-20 
Sonoco Implementing Price Increases for All Rigid Paperboard Containers in North America

Sonoco today announced it is implementing price increases for all round composite cans and shaped rigid paperboard containers in North America by a minimum of 5 percent. The increase is effective with shipments beginning April 15, 2017.

“This price adjustment is necessary to recover continuing cost inflation, particularly in uncoated recycled paperboard, a primary raw material,” said Jeff Tomaszewski, vice president and general manager for Sonoco’s Rigid Paper and Closures North America Division.

2017-03-20 
Sonoco-Alcore to Increase Prices for Tubes & Cores in Europe

 Sonoco-Alcore today announced it will raise prices for paper-based tubes and cores by up to 8.5 percent, depending on product category, effective from shipments beginning on 15th April 2017.

"The increase follows a continuous rise over the past six months in coreboard prices across Europe driven predominantly by higher OCC costs peaking now in a 60 Euro per ton or a 15 percent increase in coreboard," said Karsten Kemmerling, Director of Sales and Marketing - Tubes and Cores, Europe. "We are doing all we can to maintain tight cost control, but with coreboard a dominant part of our cost, we are unable to offset such movement."

2017-03-20 
Three days of busy networking comes to successful close at PaperWorld Middle East 2017

Three days of busy networking and inspirational ideas has come to a successful close at PaperWorld Middle East 2017, as the magical world of school and office supplies, arts and crafts, gift articles, along with children’s games and toys came to the fore.

The region’s premier trade fair for paper, stationery, and office supplies saw a strong turnout in 2017, with 5,985 trade buyers from 93 countries stopping by the stands of 313 exhibitors from 42 countries.

The positive industry response underlines Paperworld Middle East’s importance as a key gateway to a regional market that’s home to more than 200 million people, as the halls buzzed right up to closing on 16th March at the Dubai International Convention and Exhibition Centre.

While the annual three-day event regularly attracts the biggest names in the business, the 7th edition in 2017 was equally notable for debut or start-up companies making their first foray into the vast Middle East and African market.

PaperWorld Middle East 2017’s strong international flavour was underlined by the presence of six country pavilions from Germany, Italy, China, Taiwan, Egypt, and Pakistan, while the 28-strong UAE contingent was spearheaded by one of the show’s launch partners, Farook International Stationery.

2017-03-20 

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