financial News http://www.pulp-paperworld.com Wed, 18 Oct 2017 12:39:31 +0200 Joomla! - Open Source Content Management en-gb Good demand and stable results http://www.pulp-paperworld.com/fr/item/7459-good-demand-and-stable-results http://www.pulp-paperworld.com/fr/item/7459-good-demand-and-stable-results

CEO Per Lindberg comments on the development during Q3 2017:

“We experienced a very strong market in the quarter, resulting in positive sales performance. Net sales were up 3% and volumes were up 1% on last year. Overall, we have had some difficulties with production availability in recent quarters, so we have established a new organisation to work proactively on both availability and quality at our facilities. I am confident that this will generate results over the coming years.

billkorlogoLooking ahead, market conditions appear encouraging, and we see good opportunities for continued growth. In the longer term, we will have additional support from increasing demand for sustainable packaging solutions. In this respect, our major investments, which will start to deliver in 2018 and 2019, will make a significant positive contribution to our growth on this market.”    

THE RESULT

EBITDA in the quarter was SEK 1 051 million and we experienced positive sales performance on the back of a strong market in Europe and increased demand in China and the rest of Asia. The slightly higher volumes, combined with higher prices, offset negative currency movements. During the quarter, our Karlsborg production unit was affected by a production shutdown due to a fire, which had an approximately SEK 35 million impact on earnings. The fire was put out quickly and there were no injuries to personnel, but it caused extensive damage to cabling in an adjacent area. The damage has been repaired and Karlsborg’s production is running according to plan once again.

The business areas delivered stable earnings. Consumer Board recorded its highest cartonboard sales volumes since Billerud and Korsnäs merged. Within Corrugated Solutions, Managed Packaging posted sales growth of almost 50 percent compared to last year.

MARKET OUTLOOK

The market for all business areas is expected to remain strong over the next quarter. We are seeing favourable order levels and opportunities for further price increases. It is uncertain, however, how large the price increases may be.

In the longer term, this positive picture is being further strengthened by growing demand for sustainable packaging solutions, particularly regarding alternatives to plastic. Plastic waste is one of the greatest environmental challenges of our time and we are therefore seeing a greater focus on regulation to counter unnecessary use of plastic. This is strengthening our competitiveness as opportunities to replace less sustainable solutions are growing.

STRATEGY

Efficiency is a cornerstone of our strategy. Our approach to efficiency is about doing things right, and having efficient processes and practices. It is our customers who principally determine what are the right things to do. That’s why we are increasingly focusing on developing and harmonising our working practices by strengthening group-wide functions within our production organisation. This relates in particular to minimising production disruptions and ensuring our products maintain consistently high quality.

Another aspect of this is structural. Our two major investment projects, a new board machine at Gruvön and a world-leading MG centre at Skärblacka, not only demonstrate our ambition of meeting the market’s growing needs with efficient board and paper machines. We have also demonstrated our ability to create a production system that is efficient both in terms of its overall structure and its constituent parts. This is in order to supply our current and future customers with the highest-quality sustainable packaging materials and solutions. These projects are proceeding to schedule and we are looking forward to the start-ups; spring 2018 for Skärblacka and spring 2019 for Gruvön.

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4 300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

  • BillerudKorsnäs
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    no-spam@pulp-paperworld.com (Super User) financial News Tue, 17 Oct 2017 08:32:16 +0200
    Price increase for thermal papers and carbonless papers http://www.pulp-paperworld.com/fr/item/7438-price-increase-for-thermal-papers-and-carbonless-papers http://www.pulp-paperworld.com/fr/item/7438-price-increase-for-thermal-papers-and-carbonless-papers

    Mitsubishi HiTec Paper will be increasing prices for the whole THERMOSCRIPT thermal paper range as well as the GIROFORM carbonless paper range on January 1, 2018. The level of increase will vary depending on region and application. This is due to the further increased raw material and logistics costs.

    2016 04 08 083453Customers will be contacted directly by the Mitsubishi sales team.

    Mitsubishi HiTec Paper Europe GmbH is a German subsidiary of Mitsubishi Paper Mills Ltd., Japan, one of the world's leading manufacturers of specialty paper. The roughly 700 employees at Mitsubishi HiTec Paper produce high-quality direct thermal, inkjet, carbonless, label and barrier papers at two tradition-rich locations in Bielefeld and Flensburg.

    Each factory stands out for own base paper production, state-of-the-art production machinery, 6 different coating technologies and innovative coating recipes. Through its dense global sales network, Mitsubishi HiTec Paper supplies a full range of specialty papers featuring a modular system for every application and printing technology – and is a highly capable partner whenever customized coated paper solutions are required.

    • Mitsubishi Paper Mills Ltd
    • mitsubishi hitec paper
    • Mitsubishi Paper Mills Ltd
    • mitsubishi
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      no-spam@pulp-paperworld.com (Super User) financial News Mon, 16 Oct 2017 07:20:22 +0200
      Smithers Pira forecasts nonwovens as fastest growth area for fluff pulp over the next ten years http://www.pulp-paperworld.com/fr/item/7422-smithers-pira-forecasts-nonwovens-as-fastest-growth-area-for-fluff-pulp-over-the-next-ten-years http://www.pulp-paperworld.com/fr/item/7422-smithers-pira-forecasts-nonwovens-as-fastest-growth-area-for-fluff-pulp-over-the-next-ten-years

      Global fluff pulp consumption in 2017 is 5.8 million air-dried and has value of $4.6 billion according to the latest exclusive research from Smithers Pira.

      Smithers’ in-depth market analysis shows how this demand will increase by 3.7% per year to reach 7.0 million air-dried tonnes in 2022. Value growth will be slower, and yield a market value of $5.3 billion by the end of the study period, with a series of emergent opportunities for fluff pulp suppliers and users fueling worldwide expansion.

      smithers pira logoHistorically, the hygiene segment - diapers/nappies, feminine hygiene pads, and adult incontinence products – has consumed the majority of the fluff pulp globally, and driven overall growth 2012, hygiene end uses accounted for 90.3% of world fluff consumption By 2022, though, these end uses will consume only 89.5% of the world fluff pulp; a small drop in market share, but an indicator of longer-term trends that have been place for Several years.

      Volume growth in hygiene will follow the market average, but the fastest expanding end-use application will be nonwovens, where consumption for the next 5 years is forecast to increase at 5.5% per year.

      ‘These new markets will evolve alongside developments in the supply of fluff pulp’. Phil Mango, author of the Smithers report, says: ‘The trend in fluff pulp production is expansion in South America and North America, while Europe has concentrated on modifying pure fluff-producing mills to biorefineries. A biorefinery uses biomass as the input, and produces a wide variety of products and energy. In the fluff pulp biorefinery, wood is input and chemicals, pulp, and even energy are produced. This is not only more sustainable as a process, but improves the profitability of the mill, especially one with marginal profitability.’

      Geographically, the fluff pulp is relatively mature in North America and Western Europe, meaning these regions will have the lowest growth rates for fluff pulp. While Asia, South America, and Eastern Europe will increase relative market share.

      The competitive landscape for fluff pulp is dominated by large pulp and paper companies headquartered in North America. This is due mainly to the presence of the most optimal wood species for fluff pulp in North America. The three largest fluff pulp producers are International Paper, Georgia-Pacific, and Domtar. These three producers account for about 4.9 million air dried tonnes, or 80% of all fluff pulp production in 2017.

      The short growing seasons in northern Europe and Asia, and sub-optimal soil and climate conditions in most of southern Asia, have reduced the potential of these regions. Infrastructure issues in South America and Russia continue to retard progress in these regions.

      • Smithers Pira
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        no-spam@pulp-paperworld.com (Super User) financial News Tue, 03 Oct 2017 09:58:47 +0200
        'Canfor Corporation and Canfor Pulp Products Inc. Announce Third Quarter Results Conference Call' http://www.pulp-paperworld.com/fr/item/7394-canfor-corporation-and-canfor-pulp-products-inc-announce-third-quarter-results-conference-call http://www.pulp-paperworld.com/fr/item/7394-canfor-corporation-and-canfor-pulp-products-inc-announce-third-quarter-results-conference-call

        Canfor Corporation (TSX:CFP) and Canfor Pulp Products Inc. (TSX:CFX) will hold a joint conference call on Monday, October 23, 2017 at 8:00 AM PDT to discuss their respective third quarter 2017 financial and operating results. To participate in the call, please dial one of the following numbers:

        Toll-Free Access:  888-390-0546
        Access: 416-764-8688

        2017 09 18 233123Let the operator know you wish to participate in the Canfor conference call.

        Following management’s discussion of the quarterly results, the analyst and investment community will be invited to ask questions.

        For Instant Replay Access, please dial one of the following numbers and enter

        Toll-Free Access: 888-390-0541
        Access: 416-764-8677
        Participant Pass Code: 919920#
        Recording available until: November 6, 2017

        The conference call will be available live at www.canfor.com.

        • Canfor Corporation
        • canfor pulp products inc
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          no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 18 Sep 2017 23:29:29 +0200
          Brazil: Exports from the forest sector surpass US$4 billion in the first half of 2017 (+7.3%) http://www.pulp-paperworld.com/fr/item/7347-brazil-exports-from-the-forest-sector-surpass-us-4-billion-in-the-first-half-of-2017-7-3 http://www.pulp-paperworld.com/fr/item/7347-brazil-exports-from-the-forest-sector-surpass-us-4-billion-in-the-first-half-of-2017-7-3

          2017 06 06 090206From January to June of 2017, pulp exports rose 6.8% in comparison with the same period of the previous year, reaching 6.8 million tons; exports of wood panels increased by 34.8%, with 597,000 cubic meters directed to foreign markets, and paper exports grew 1% with almost 1.1 million tons traded. This positive performance propelled export revenues past the US$ 4 billion mark in the first half of this year, a growth of 7.3% compared to the first six months of 2016; it also created a US$ 3.6 billion surplus in the trade balance for the sector, an increase of 9.1%.

          Check out the other indicators for the planted tree sector in the 38th edition of Cenários Ibá, the monthly bulletin of the Brazilian Tree Industry.

          Export revenues – From January to June of 2017, pulp exports reached US$ 3.0 billion (+9.8%), while paper exports were US$ 925 million (-2.0%) and wood panel exports reached US$ 137 million (+25.7%).

          Export destinations – More than 42% of the pulp Brazil exported went to China in the first half of 2017, representing revenues of US$ 1.3 billion; this is an increase of 25.5% over the same period in 2016. Latin American countries continued to be the main markets for paper and wood panels during this period, with export revenues of US$ 593 million (+10.0%) and US$ 75 million (+27.1%), respectively.

          Production – Brazilian pulp production surpassed 9.5 million tons, growing 5.0% between January and April of 2017 in comparison with 2016, and paper registered 5.1 million tons (-0.7%).

          Domestic sales – During the first semester of 2017, paper sales on the domestic market reached 2.6 million tons, a drop of 1.6% compared with the same period last year. At the same time, the wooden panel sector registered sales of 3.1 million m³ in Brazil (-1.6%).

          ABOUT IBÁ

          The Brazilian Tree Industry (Ibá) is the association responsible for institutionally representing the planted tree production chain, from the fields to the factory, with its main stakeholders. Launched in April 2014, it represents 60 companies and nine state entities for products originating from planted trees (wood panels, laminate floors, pulp, paper, energy forests and biomass) in addition to independent producers of planted trees and institutional investors. Learn more at www.iba.org

          • iba
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            no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 07 Aug 2017 11:08:58 +0200
            Wood raw-material costs for European pulpmills continued to slide in early 2017 http://www.pulp-paperworld.com/fr/item/7346-wood-raw-material-costs-for-european-pulpmills-continued-to-slide-in-early-2017 http://www.pulp-paperworld.com/fr/item/7346-wood-raw-material-costs-for-european-pulpmills-continued-to-slide-in-early-2017

            Wood raw-material costs for European pulpmills continued to slide in early 2017 to reach their lowest levels in over five years, reports the Wood Resource Quarterly

            pulpwoodThe European pulp industry has become much more competitive in the international pulp and paper market the past five years with wood fiber costs, which account for 55-65% of the production costs, having fallen more than in most other regions of the world, reports the Wood Resource Quarterly. Some of the  biggest price declines have been for hardwood pulplogs in the Nordic countries.

            Wood costs for the pulp industry in Europe were generally lower in the 1Q/17 than in the previous quarter, continuing a downward trend that, depending on the country, has lasted for 4-6 years. The biggest price declines for pulplogs and sawmill residues in early 2017 occurred in Germany and France, according to the Wood Resource Quarterly (WRQ). The price reductions occurred mainly because of an oversupply of pulplogs, unchanged demand for wood fiber from the pulp industry, and reduced usage of raw-material by the competing wood pellet sector.

            In neighboring Austria, conifer pulplog prices have been very stable during most of 2015 and 2016 (in Euro terms) and prices did not change much in the 1Q/17. However, the weakening of the Euro against the US dollar has resulted in Austrian pulplog prices falling seven percent in two years.

            In the Nordic countries, wood fiber costs in the 1Q/17 were at their lowest levels since 2006 (in US dollars). This was mostly thanks to the weakening of the local currencies in both Sweden and Finland. The wood fiber costs currently account for about 60% of the manufacturing cost when manufacturing pulp in the region, according to Fisher International, so a reduction in prices for pulplogs and wood chips has a major impact in improving the competitiveness of the pulp and paper industry when competing in the global market place.

            The pulp sectors in Portugal and Spain, which are the third and fourth largest consumers of hardwood logs in Europe, have also enjoyed a period of declining wood costs with the price levels in early 2017 being 20-25% below the fiber costs five years ago.

            Hardwood fiber costs for pulpmill in Europe have fallen more rapidly than in other parts of the world from 2012 to 2017, and the industry has become much more competitive with competitors in North America, Latin America and Asia, according to the WRQ. For example, the price discrepancy for hardwood pulplogs between Sweden and the US South has fallen from US$62/odmt in the 1Q/12 to only US$9/odmt in the 1Q/17.

            • Wood Resources International LLC
            • Wood Resource Quarterly
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              no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 07 Aug 2017 09:21:25 +0200
              Clearwater Paper Reports Second Quarter 2017 Results http://www.pulp-paperworld.com/fr/item/7345-clearwater-paper-reports-second-quarter-2017-results http://www.pulp-paperworld.com/fr/item/7345-clearwater-paper-reports-second-quarter-2017-results

              The company reported net sales of $429.7 million for the second quarter of 2017, down 1.6% compared to net sales of $436.7 million for the second quarter of 2016. Net earnings determined in accordance with generally accepted accounting principles, or GAAP, for the second quarter of 2017 were $8.0 million, or $0.48 per diluted share, compared to net earnings of $20.9 million, or $1.21 per diluted share, for the second quarter of 2016. The decrease in net earnings was due primarily to a planned bi-annual major maintenance outage at the Company's Arkansas mill in the second quarter of 2017 and higher input costs for energy, pulp, chemicals, and packaging supplies. Excluding certain non-core items identified in the attached Reconciliation of Non-GAAP Financial Measures, second quarter 2017 adjusted net earnings were $7.9 million, or $0.48 per diluted share, compared to second quarter 2016 adjusted net earnings of $23.5 million, or $1.37 per diluted share.

              ClearwaterPaper logo01Earnings before interest, taxes, depreciation and amortization, or EBITDA, was $45.7 million for the second quarter of 2017 compared to $62.2 million for the second quarter of 2016. Adjusted EBITDA for the quarter was $45.0 million, down 32.1% compared to second quarter 2016 Adjusted EBITDA of $66.3 million. The $21.3 million decrease in adjusted EBITDA was primarily a result of the same major maintenance and higher input costs affecting GAAP net earnings in the second quarter of 2017.

              "We achieved solid second quarter results that were in line with our quarterly outlook," said Linda K. Massman, president and chief executive officer. "The positive impacts to the quarter included higher prices and a stronger sales mix for paperboard, which were offset by higher external pulp pricing and lower consumer product shipment volumes, as parent rolls were used to build needed inventory.

              I am also pleased to share that our previously disclosed strategic projects remain on time and within budget, and we continue to believe this will position us to more efficiently partner with and meet the needs of our customers in the future," said Massman.

              SECOND QUARTER 2017 SEGMENT PERFORMANCE

              Consumer Products

              Net sales in the Consumer Products segment were $231.9 million for the second quarter of 2017, down 6.5% compared to second quarter 2016 net sales of $247.9 million. This decrease was due to lower parent roll sales resulting from the shutdown of two higher cost paper machines at the Neenah, Wisconsin mill at the end of 2016 and a 1.7% decrease in retail tons sold.

              Consumer Products had operating income of $10.5 million in the second quarter of 2017, compared to operating income of $18.5 million in the second quarter of 2016. After adjusting for certain non-core items identified in the attached Reconciliation of Non-GAAP Financial Measures, adjusted operating income of $11.8 million for the second quarter of 2017 was down from $19.1 million in the same period in 2016. Consumer Products operating margin decreased to 4.5% in the second quarter of 2017 from 7.5% in the second quarter of 2016. The adjusted operating margin decreased from 7.7% in the second quarter of 2016 to 5.1% in the second quarter of 2017 due to higher input costs for transportation, pulp, natural gas, and packaging supplies, partially offset by lower wage and benefit costs resulting from the implementation of warehouse automation, and the previously mentioned shutdown at the Neenah mill.

              • Total tissue sales volumes of 91,450 tons in the second quarter of 2017 decreased by 7.7% and converted product cases shipped were 12.7 million, down 3.9%, each compared to the second quarter of 2016.
              • Average tissue net selling prices increased 1.6% to $2,533 per ton in the second quarter of 2017, compared to the second quarter of 2016.

              Pulp and Paperboard

              Net sales in the Pulp and Paperboard segment were $197.8 million for the second quarter of 2017, up 4.8% compared to second quarter 2016 net sales of $188.8 million. The increase was primarily due to higher paperboard shipment volume, which includes sales from the operations of the former Manchester Industries acquired in December 2016. Operating income for the quarter decreased $18.4 million to $21.6 million, compared to operating income of $40.0 million for the second quarter of 2016, primarily due to approximately $9 million in major maintenance at the Arkansas mill and higher input costs for natural gas, electricity, chemicals and pulp and higher wages and benefits due to annual increases. In addition, second quarter 2016 operating income included the receipt of a net $2.8 million in partial reimbursement of previously incurred costs related to performance issues with the recovery boiler at the Arkansas mill.

              • Paperboard sales volumes increased 4.0% to 207,152 tons in the second quarter of 2017, compared to 199,132 tons in the second quarter of 2016.
              • Paperboard net selling prices increased 0.7% to $955 per ton compared to the second quarter of 2016.

              Taxes

              The company's consolidated GAAP tax rate and adjusted tax rate for the second quarter of 2017 was a provision of 33.0%, compared to 36.3% and 36.2%, respectively, in the second quarter of 2016. The company expects its GAAP and adjusted tax rate for 2017 to be approximately 34% plus or minus two percentage points.

              Note Regarding Use of Non-GAAP Financial Measures

              In this press release, the company presents certain non-GAAP financial information for the second quarters of 2017 and 2016, including adjusted net earnings, adjusted net earnings per diluted share, EBITDA, adjusted EBITDA, adjusted operating income, adjusted operating margin, adjusted income tax provision and adjusted tax rate. Because these amounts are not in accordance with GAAP, reconciliations to net earnings, net earnings per diluted share, operating income, income tax provision and tax rate as determined in accordance with GAAP are included in the tables at the end of this press release. The company presents these non-GAAP amounts because management believes they assist investors and analysts in comparing the company's performance across reporting periods on a consistent basis by excluding items that the company does not believe are indicative of its core operating performance.

              ABOUT CLEARWATER PAPER

              Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The company is a premier supplier of private label tissue to major retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores. In addition, the company produces bleached paperboard used by quality-conscious printers and packaging converters, and offers services that include custom sheeting, slitting and cutting. Clearwater Paper's employees build shareholder value by developing strong customer partnerships through quality and service.

              • Clearwater Paper
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                no-spam@pulp-paperworld.com (Ianadmin) financial News Thu, 03 Aug 2017 10:02:22 +0200
                Billerudkorsnäs reporting Good prospects http://www.pulp-paperworld.com/fr/item/7328-billerudkorsnaes-reporting-good-prospects http://www.pulp-paperworld.com/fr/item/7328-billerudkorsnaes-reporting-good-prospects

                CEO Per Lindberg comments on the development during Q2 2017:

                “The market for sustainable packaging materials and solutions remains very encouraging. We delivered a stable result in the second quarter, despite the pressure from costs of external factors and the major disruption at Gruvön, which was communicated in May.

                billkorlogoLooking ahead, we see that the path we have chosen is the right one. Markets are performing strongly over the short term, and in the long term the trend points to companies being ambitious in their sustainability efforts both in their business operations and their products. The prospects for growth are good.”    

                THE RESULT

                We delivered solid operating profit of SEK 489 million. Production was relatively stable and we had planned maintenance shutdowns at three of our production units over the quarter, which cost SEK 25 million more than we had estimated. In addition, we had SEK 25 million in costs for the shutdown of the pulp line for the fluting machine at Gruvön, which we communicated separately, as well as additional costs related to Rockhammar of approximately SEK 30 million. Our results were also negatively affected by increased costs of deliveries due to the strike at the Port of Gothenburg.

                The business areas showed stable performance over the quarter on a strong market and we see some positive development in local prices. Consumer Board is showing volume growth of around 6% compared with the first half of last year.

                MARKET OUTLOOK

                The strong performance in the market by all business areas is expected to continue over the next quarter. The outlook is good and there are opportunities for further price increases, particularly in the Packaging Paper and Corrugated Solutions business areas.

                Primary fibre-based material with high sustainability performance is our core business, but alongside this, our solutions-based offerings are growing rapidly. This is being driven by both demand for a comprehensive offering in which the material is a key component, and by other types of solutions and packaging services. We are seeing a trend of packaging gaining an increasingly important role in many brand owners’ efforts to make their products more competitive. The sustainability performance of packaging is particularly important. This continues to give us great confidence in our products and our development.

                STRATEGY

                We are continually reviewing and updating our growth strategy, but our chosen approach remains in place and we are firm in our belief in our clear focus on the effectiveness, sustainability and innovation of both new materials and new solutions and offerings. Achieving long-term growth requires resources and investments, along with a balance between a strong proactive approach and a focus on the right initiatives.

                Packaging generates significant value for virtually all product value chains, and BillerudKorsnäs aims to shift its position forward in these chains. These efforts have created opportunities to develop new end-to-end solutions together with other companies such as our cooperation with Bosch on Axello Zap. This solution, which has only been in place for a year, is an example of where we see growing interest in end-to-end solutions with the potential to replace conventional packaging with more sustainable options. Also, it recently won a prize at Packaging Europe’s Sustainability Awards in the Bio-based Packaging category.

                BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4 300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

                • BillerudKorsnäs
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                  no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 24 Jul 2017 09:56:28 +0200
                  Wood fiber costs for pulpmills throughout the US fell during 2016 and early 2017 http://www.pulp-paperworld.com/fr/item/7307-wood-fiber-costs-for-pulpmills-throughout-the-us-fell-during-2016-and-early-2017 http://www.pulp-paperworld.com/fr/item/7307-wood-fiber-costs-for-pulpmills-throughout-the-us-fell-during-2016-and-early-2017

                  Wood fiber costs for pulpmills throughout the US fell during 2016 and early 2017 with the price discrepancy between the Northwest and the Southern states narrowing, according to the North American Wood Fiber Review

                  2014 03 03 093023Wood fiber costs for pulpmills in the US Northwest have fallen faster than in other region of the US the past year, resulting in a more competitive industry sector, reports the North American Wood Fiber Review. Despite the recent price reductions in Washington and Oregon, pulp manufacturers in the southern states continued to have lower wood fiber costs than pulpmills in the Northwest, Northeast and the Lake States in the 1Q/17.

                  “Volatile” could best describe many of the North American regional market conditions in the first quarter of 2017! The volatility came in many different areas; adverse weather events, operation breakdowns, plant explosions, and idling, as well as uncertainties over looming trade policy decisions, according to the North American Wood Fiber Review (NAWFR). Wood flows across Canada and the U.S. northern tier of states as well as through the Pacific Northwest were impacted by weather–either too much snow (leading to transportation difficulties), or mild temperatures followed by early breakup.

                  The declining price trend for chips and pulplogs in the Northwest that occurred during 2015 and 2016 came to a halt in early 2017 because of uncertainty about fiber availability as a result of slowdowns in harvest operations. Over the past two years, fiber costs have declined by 13% in the Northwest and pulpmills in the region have become more competitive. In the 1Q/17, pulpmills had only slightly higher wood fiber costs than pulpmills in the historically low-cost US South. Pulpmills in the Lake States and the Northeastern states continue to have the highest wood costs in the US.

                  Wood fiber costs for pulpmills in the US South have also fallen over the past year, with average softwood pulplog prices being five percent lower in the 1Q/17 than in the 2Q/16. Prices for both softwood and hardwood pulplogs have slowly declined over the past four quarters to reach their lowest levels in three years.  With several planned pulpmill maintenance outages anticipated in the 2Q/17, fiber demand will remain muted in the coming months. Increased lumber production across the South will continue to generate additional volumes of residual chips resulting in downward price pressure on both chips and pulplogs in late spring and summer. For updated information on the 2Q/17 wood fiber prices and market developments in the US and Canada, please refer to the upcoming issue of the NAWFR.

                  The North American Wood Fiber Review (NAWFR) has tracked wood fiber markets in the US and Canada for over 30 years and it is the only publication that includes prices for sawlogs, pulpwood, wood chips and biomass in North America.  The 36-page quarterly report includes wood market updates for 15 regions on the continent in addition to the latest export statistics for sawlogs, lumber, wood pellets and wood chips.

                  • Wood Resources International LLC
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                    no-spam@pulp-paperworld.com (Ianadmin) financial News Wed, 05 Jul 2017 09:02:11 +0200
                    Sonoco Restating Price Increase for All Uncoated Recycled Paperboard Products http://www.pulp-paperworld.com/fr/item/7289-sonoco-restating-price-increase-for-all-uncoated-recycled-paperboard-products http://www.pulp-paperworld.com/fr/item/7289-sonoco-restating-price-increase-for-all-uncoated-recycled-paperboard-products

                    Sonoco (NYSE:SON) have just announced it has restated and is implementing a previously announced price increase for all grades of uncoated recycled paperboard (URB) products in the United States and Canada, effective July 10, 2017. 

                    logo bluThe low yield on the previously announced April URB price increase, along with the impact of rising raw material and other costs, makes it necessary to go back to the market to recover those costs, explained Palace Stepps, division vice president of sales and marketing for Sonoco’s U.S. and Canada paper and adhesives.

                    “This renewed price increase reflects the recent sharp rebound of recovered paper and other costs which we must recover so we can continue providing high-quality, value-adding products to our customers,” said Stepps. “After spiking in March, recovered paper prices temporarily declined. However, June recovered paper prices significantly increased, and we expect further cost increases in July as demand by domestic and export users remains strong.” 

                    Sonoco is one of the largest producers of uncoated recycled paperboard in the United States and Canada, producing more than one million tons annually from 11 mills. For more information about Sonoco’s complete line of URB paper products, or to learn more about current pricing, please visit the Company’s website (www.sonoco.com) or contact the Company at 1-800-377-2692.

                    About Sonoco
                    Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and packaging supply chain services. With annualized net sales of approximately $4.8 billion, the Company has 20,000 employees working in more than 300 facilities in 33 countries, serving many of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.

                    • sonoco
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                      no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 26 Jun 2017 08:45:40 +0200
                      Sonoco Renews Price Increase for Paperboard Tubes and Cores http://www.pulp-paperworld.com/fr/item/7287-sonoco-renews-price-increase-for-paperboard-tubes-and-cores http://www.pulp-paperworld.com/fr/item/7287-sonoco-renews-price-increase-for-paperboard-tubes-and-cores

                      Sonoco (NYSE:SON) have just announced it is renewing its previously announced April price increase for all paperboard tubes and cores in the United States and Canada.  

                      sonoco logo 2014“The yield on our previously announced April price increase has not been sufficient to cover rising costs, in particular rising prices for uncoated recycled paperboard (URB), our primary raw material,” said James Harrell, corporate vice president for Sonoco’s U.S. and Canada Tubes and Cores division. “As a result, it is necessary for us to go back to the market to recover those costs.”  

                      Sonoco is the largest producer of paper-based tubes and cores in North America, which are used to serve the paper, textile, plastic film, and tape and specialty industries.  For more information about Sonoco’s complete line of paperboard tubes and cores or to learn more about current pricing, please visit the Company’s website or contact the Company at +800-377-2692.

                      About Sonoco
                      Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and display and packaging supply chain services. With annualized net sales of approximately $4.8 billion, the Company has 20,000 employees working in more than 300 facilities in 33 countries, serving many of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.

                      • sonoco
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                        no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 26 Jun 2017 08:38:25 +0200
                        Xerium Awards Employment Inducement Award Pursuant to NYSE Rule 303A.08 http://www.pulp-paperworld.com/fr/item/7265-xerium-awards-employment-inducement-award-pursuant-to-nyse-rule-303a-08 http://www.pulp-paperworld.com/fr/item/7265-xerium-awards-employment-inducement-award-pursuant-to-nyse-rule-303a-08

                        Xerium Technologies, Inc. (NYSE: XRM) (“Xerium” or the “Company”), a leading global provider of industrial consumable products and services, has just announced the grant of a restricted stock unit award of up to 600,000 shares of common stock to Mr. Mark Staton under an Inducement Restricted Stock Unit Award Agreement. In addition, the Company filed with the SEC today a Form S-8 registering the shares underlying the award. The award was offered as an inducement to Mr. Staton in connection with his commencement of employment with the Company as its President and Chief Executive Officer. The award and the Inducement Restricted Stock Unit Award Agreement were approved by the Company’s Compensation Committee of the Board of Directors in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08, which requires the public announcement of such inducement awards.

                        2013 Xerium Logo CMYK 300dpiThe award will vest on October 28, 2020 (“vesting date”) provided Mr. Staton has remained continuously employed with the Company through that date. The number of shares that will vest and be payable to Mr. Staton will depend on the number of shares earned between Mr. Staton’s hire date, April 28, 2017, and the vesting date (the “opportunity period”). Shares will be earned under the award based on whether the Company’s volume weighted 20-day average stock price (“average stock price”) achieves certain pre-established levels within various time periods during the opportunity period and during which the corresponding 20-day average daily dollar trading volume of Xerium common stock on the NYSE equals or exceeds $2,800,000 (“volume minimum”). For a more complete understanding of the various average stock prices and the time periods within which Mr. Staton can earn shares under this award, please refer to the Special Incentive Matrix on Exhibit A to his employment agreement, which is filed as Exhibit 10.1 to the Company’s Form 8-K filed with the SEC on May 1, 2017. Mr. Staton can earn the maximum number of shares subject to the award if the average stock price reaches $20.00 less than 18 months after his hire date.

                        If Xerium experiences a Change in Control (as defined in the Company’s 2010 Equity Incentive Plan), the number of shares of common stock earned under this award will be determined based upon the stock price paid or implied in such Change in Control transaction. Those shares would be issued to Mr. Staton immediately prior to the consummation of the transaction. If Mr. Staton ceases to be employed with the Company prior to the vesting date, the award will be forfeited, except that if Mr. Staton’s employment is terminated without Cause or Mr. Staton terminates his employment for Good Reason (as those terms are defined in his employment agreement), he will be entitled to those shares earned through the date of termination and for a period of six-months thereafter.

                        The award is being made outside the Company’s 2010 Equity Incentive Plan but will generally be construed and administered consistent with that Plan.

                        ABOUT XERIUM TECHNOLOGIES

                        Xerium Technologies, Inc. (XRM) is a leading global provider of industrial consumable products and services. Xerium, which operates around the world under a variety of brand names, utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. With 28 manufacturing facilities in 13 countries around the world, Xerium has approximately 2,950 employees.

                        • Xerium Technologies
                          ]]>
                          no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 12 Jun 2017 07:39:12 +0200
                          U.S. Paper Recovery Rate Reaches Record 67.2 Percent in 2016 http://www.pulp-paperworld.com/fr/item/7216-u-s-paper-recovery-rate-reaches-record-67-2-percent-in-2016 http://www.pulp-paperworld.com/fr/item/7216-u-s-paper-recovery-rate-reaches-record-67-2-percent-in-2016

                          The American Forest & Paper Association (AF&PA) has just announced that a record 67.2 percent of paper consumed in the U.S. was recovered for recycling in 2016.

                          afpaU.S. paper recovery rate statistics are available at www.paperrecycles.org/statistics.

                          “The voluntary, market-driven recovery system, the millions of Americans who recycle every day, and industry efforts to inform consumers about the importance of paper recycling continue to enable a high U.S. paper recovery rate,” said AF&PA President and CEO Donna Harman.

                          “Paper recovery for recycling helps extend the useful life of paper and paper-based packaging products, making it an integral part of our industry’s sustainability story,” said AF&PA Board Chair and Clearwater Paper Corporation President and CEO Linda Massman.

                          The annual paper recovery rate has doubled since 1990 and U.S. paper recovery has met or exceeded 63 percent for the past eight years. The industry has a goal to exceed 70 percent paper recovery for recycling by 2020 as part of its Better Practices, Better Planet 2020 sustainability initiative.

                          For more information about paper recycling, including statistics and other resources, visit paperrecycles.org.

                          The American Forest & Paper Association (AF&PA) serves to advance a sustainable U.S. pulp, paper, packaging, tissue and wood products manufacturing industry through fact-based public policy and marketplace advocacy. AF&PA member companies make products essential for everyday life from renewable and recyclable resources and are committed to continuous improvement through the industry’s sustainability initiative - Better Practices, Better Planet 2020. The forest products industry accounts for approximately 4 percent of the total U.S. manufacturing GDP, manufactures over $200 billion in products annually, and employs approximately 900,000 men and women. The industry meets a payroll of approximately $50 billion annually and is among the top 10 manufacturing sector employers in 45 states. Visit AF&PA online at www.afandpa.org

                          • two sides
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                            no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 12 May 2017 10:27:10 +0200
                            Forest2Market Publishes First Transaction-Based Wood Price Report for Sweden, Finland, the Baltic States and Northwest Russia http://www.pulp-paperworld.com/fr/item/7214-forest2market-publishes-first-transaction-based-wood-price-report-for-sweden-finland-the-baltic-states-and-northwest-russia http://www.pulp-paperworld.com/fr/item/7214-forest2market-publishes-first-transaction-based-wood-price-report-for-sweden-finland-the-baltic-states-and-northwest-russia

                            1Q2017 Baltic Rim Index brings transparency about wood raw material prices to region’s forest products, forestry and bioenergy industries.

                            Forest2Market has published the first installment of its Baltic Rim Wood Price Index, a transaction-based wood raw material price benchmark for the forest products, forestry and bioenergy industries in Scandinavia (Sweden and Finland), the Baltic States (Estonia, Latvia and Lithuania) and Northwest Russia.

                            The results for 1Q2017 show that, among other trends, there are significant differences in delivered wood costs (roadside wood costs plus transportation costs to mill) for both pulp producers and sawmills in Sweden.

                            • Pulp producers: the highest-cost mill paid 26 per cent more for conifer pulpwood than the lowest-cost mill. Annualized, the cost savings potential for the highest-cost mill exceeds 250 million SEK (26 million EUR). If a mill consuming 2.5 million cubic meters (m3) of pulpwood annually could reduce its costs to the market average of 43 SEK/m³ (4.5 EUR/m³), the savings would exceed 100 million SEK (10.4 million EUR).
                            • Sawmills consuming pine sawlogs: the highest-cost mill paid 20 per cent more for conifer sawlogs than the lowest-cost mill. Annualized, the cost savings potential for the highest-cost mill exceeds 65 million SEK (6.8 million EUR). If a mill consuming 500,000 m3 of logs annually could reduce its costs to the market average of 67 SEK/m³ (7 EUR/m³), the savings would exceed 33 million SEK (3.4 million EUR).
                            • Sawmills consuming spruce sawlogs: the highest-cost mill paid 34 per cent more for conifer sawlogs than the lowest-cost mill. Annualized, the cost savings potential for the highest-cost mill exceeds 125 million SEK (13 million EUR). If a mill consuming 500,000 m3 of logs annually could reduce its costs to the market average of 151 SEK/m³ (15.7 EUR/ m³), the savings would exceed 75 million SEK (7.8 million EUR).

                            2017 05 12 101820With this newest addition to its product line, Forest2Market now provides market price reports, performance benchmarks and custom analytics to major wood markets across North America, Brazil, Scandinavia, the Baltic States and Russia.

                            With the Baltic Rim Wood Price Index, timber buyers and sellers will be able to clearly and confidently compare their performance to market, accurately assess market prices and build strong partner relationships, as well as define, measure and adjust strategic decisions based on actual and actionable data. While high-cost mills can use the Index to lower their costs, low-cost mills can use the data to demonstrate to stakeholders that they are extracting as much value as possible from the supply chain.

                            This level of market transparency comes at a critical time for the region’s industry. “Now that the United States has instituted tariffs on softwood lumber coming from Canada,” said Pete Stewart, President and founder of Forest2Market, “Sweden’s sawmills will have an opportunity to export more softwood lumber to the US. But they’ll only have that opportunity if they are cost-competitive. Using the Index to manage costs provides a strategic advantage in this environment.”

                            Antti Kämäräinen, Director of Fores2Market’s Scandinavian business, sees a similar utility for the Index in Finland: “Currently, container freight in Finland is painfully high. The Index will allow sawmills to reduce their costs at the front of the value chain as they are buying wood. This will mitigate the overall effect of high freight costs on profitability. With the new demand that will come on line in Finland in 3Q2017, this will be especially important.”

                            Russian mills also have a reason to manage their costs. “Over the last few years, domestic wood raw material costs have increased annually over 10 per cent in local currency,” said Vasylysa Hänninen, Director of Forest2Market’s Baltic States and Russia business. “The weak ruble has masked the effect of rapidly increasing wood costs, making mills seem more competitive and profitable on the global market than they really are. Over the last year, however, the ruble has been strengthening. As the exchange rate stabilizes, the mask will be removed and profitability will drop. With the Index, mills can pay less for wood raw materials, securing their competitive advantage in the international market.

                            About Forest2Market

                            With solid data, industry experience and third-party independence, Forest2Market provides participants in the wood, sawnwood, paper, bioenergy and biochemicals supply chains with business solutions that support fact-based decision making and planning. Headquartered in Charlotte, North Carolina, USA, with offices in Kennewick, Washington, USA; Curitiba, Brazil; and Helsinki, Finland, Forest2Market is the global wood and fiber supply chain expert. www.forest2market.com

                            • Forest2market
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                              no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 12 May 2017 10:18:38 +0200
                              Kemira increases prices of paper sizing chemicals in EMEA http://www.pulp-paperworld.com/fr/item/7206-kemira-increases-prices-of-paper-sizing-chemicals-in-emea http://www.pulp-paperworld.com/fr/item/7206-kemira-increases-prices-of-paper-sizing-chemicals-in-emea

                              Kemira announces a price increase for its paper sizing products in EMEA. The adjustment will be effective immediately or as customer contracts allow.

                              Logo slogan below kemiraThe price increase of the ASA sizing chemicals will be approximately 5-10%, depending on the specific formulations and can differ in selected geographies. This adjustment is necessary due to increased raw material costs and currency variations.

                              Also as announced on January 25th 2017, Kemira will increase AKD sizing chemical prices by approximately 5-10%. This adjustment is necessary due to significantly increased raw material costs and currency variations.

                              For more information:

                              Harri Eronen
                              VP, Sales &Technical Service, Pulp & Paper, EMEA
                              Tel. +49 1718 02 8790
                              harri.eronen@kemira.com

                              Janne Silonsaari
                              Director, Marketing & Product Management, Pulp & Paper, EMEA,
                              Tel. +358 50 4099264
                              janne.silonsaari@kemira.com

                              Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise, application know-how and chemicals that improve our customers' product quality, process and resource efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2016, Kemira had annual revenue of around EUR 2.4 billion and 4,800 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.
                              www.kemira.com

                              • Kemira
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                                no-spam@pulp-paperworld.com (Ianadmin) financial News Tue, 09 May 2017 07:06:49 +0200
                                BillerudKorsnäs Growing again http://www.pulp-paperworld.com/fr/item/7185-billerudkorsnaes-growing-again http://www.pulp-paperworld.com/fr/item/7185-billerudkorsnaes-growing-again

                                CEO Per Lindberg comments on the development during Q1 2017:
                                “The first quarter of 2017 saw growth on the back of high demand in the markets across all business areas. Sales are showing better than expected growth, and our production is in fact at an all-time high for a single quarter. However, our operating profit during the quarter suffered from spillover effects from 2016, and we have as a consequence undertaken significant measures to address both our start-up performance as well as quality performance.

                                billkorlogoTwo of the key elements in our growth strategy and production capacity are our major ongoing investments in Skärblacka and Gruvön. We are glad to see that the start-up of these projects has been successful and that they are well under way. Together with new solution sales initiatives we have laid a strong foundation for continued growth.”

                                THE RESULT
                                Our operating profit SEK 550 million falls short of our expectations. This is due to the ramp up of Rockhammar after the rebuild in 2016 and quality costs emanating from production disturbances during the second half of 2016. Even if the situation has improved and stabilized in Rockhammar, we may experience some minor costs also in the upcoming quarter. However, looking at the current market, we see an overall positive development across the board and a solid performance in terms of sales growth, 5% during the first quarter compared to the same quarter last year. Within Consumer Board we even exceeded our expectations during the beginning of the year, driven by strong sales to all major liquid packaging board customers. During the quarter we were subject to an unexpected inspection under EU competition rules as part of a larger investigation of the market for bleached and unbleached kraft papers. We have no indications of the outcome from the inspection.

                                MARKET OUTLOOK
                                All of our business areas are currently showing a favourable development, partly due to underlying strong demand but also some seasonal improvement in Packaging Paper. We believe this will continue also in the second quarter and we now need to meet this strong demand with high production volume and quality.
                                The growing demand for sustainable packaging does not only drive demand for sustainable materials. We can also detect an increasing need for holistic packaging solutions throughout the whole value chain of the packaged product, especially in developing markets. Such solutions are necessary to enable a shift toward packaging that help create better packaging performance, especially in terms of sustainability. We are already in a position where we can offer such solutions – Managed Packaging within Corrugated Solutions, Sack Sales and system sales such as Axello Zap within Packaging Paper to name a few. Today these new solutions offerings still constitute a small part of our total business but they are growing more rapidly than material sales and we expect that development to continue and accelerate.

                                STRATEGY
                                Our target is to deliver profitable growth through offering both materials and solutions. Sustainability is becoming an increasingly integrated part of our core offer along with cost, protective and appearance performance criteria. It is often an entry ticket to new business and a result of our efforts to challenge customers to choose more sustainable alternatives, BillerudKorsnäs alternatives. One clear example of this is the launch in March of a Sack Sales partnership in Malaysia to serve the market throughout South East Asia. We can through delivering a complete packaging solution based on our material, but by sourcing the converting, provide the market with a product that replaces less sustainable solutions made of plastic. Our solution provides a better carbon footprint but also a much better working environment for the end user which for instance can be cement. Such examples of new sustainable solutions and business models in combination with the growth in production of sustainable materials generated by the large investments in our production structure show that we have the ability to deliver on our strategy for profitable growth.

                                BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4 300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

                                • BillerudKorsnäs
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                                  no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 28 Apr 2017 11:16:14 +0200
                                  BillerudKorsnäs first quarter impacted by spillover from previous production problems during 2016 http://www.pulp-paperworld.com/fr/item/7165-billerudkorsnaes-first-quarter-impacted-by-spillover-from-previous-production-problems-during-2016 http://www.pulp-paperworld.com/fr/item/7165-billerudkorsnaes-first-quarter-impacted-by-spillover-from-previous-production-problems-during-2016

                                  BillerudKorsnäs first quarter results are negatively impacted by quality costs emanating from production during the second half of 2016 and start-up costs for the Rockhammar re-build late 2016. Operating profit for the first quarter is estimated to amount to approximately SEK 550 million.

                                  billkorlogo"It is both unexpected and frustrating that we have to take these one-off costs in an otherwise positive development. Production is delivering to expectations. Production volumes were the highest ever in a single quarter, and sales, especially for Consumer Board, is showing better than anticipated growth.  The market trends for Packaging Paper and Corrugated Solutions are also very strong at the moment so looking beyond these two issues it actually looks pretty good”, says Per Lindberg, President & CEO.

                                  The extra costs for the quality problem and the re-build amount to approximately SEK 80 million. There is also a timing issue between Q1 and Q2 for costs related to the maintenance shutdown in Gruvön where approximately SEK 15 million more than previously guided is taken in Q1, this will reduce Q2 impact with SEK 10 million compared to previous guidance. Additional SEK 10 million impact the result negatively due to reassessment according to IAS16 and relates to costs for moving and education in the restructuring project in Skärblacka. This will impact the full-year results with approximately SEK 45 million and hence reduce the capex with the same amount.

                                  The results are still preliminary and have not been reviewed by the auditors.

                                  BillerudKorsnäs will publish its first quarter report for 2017, on April 20, 2017 at 07:00 CET.

                                  BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4 300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

                                  • BillerudKorsnäs
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                                    no-spam@pulp-paperworld.com (Ianadmin) financial News Wed, 12 Apr 2017 08:47:58 +0200
                                    Valmet's investor website awarded the best in Finland http://www.pulp-paperworld.com/fr/item/7155-valmet-s-investor-website-awarded-the-best-in-finland http://www.pulp-paperworld.com/fr/item/7155-valmet-s-investor-website-awarded-the-best-in-finland

                                    Valmet's investor website won the 'Best investor website' contest, arranged by the Finnish Foundation for Share Promotion and the Finnish Society of Financial Analysts, in the category of Large Cap companies. In the contest, the Finnish websites of all the companies listed in Nasdaq Helsinki were evaluated. Valmet was ranked the best in the Large Cap category for the second time.

                                    valmet logoThere were four categories in the contest: Large Cap, Mid Cap and Small Cap companies based on market value, and the companies listed in First North. All the main target groups for investor websites - analysts, institutional investors, private investors and brokers - were represented in the jury, which was led by Professor Jarmo Leppiniemi. In their evaluation, the jury concentrated on seven criteria: usability and visual appearance; strategy, growth and profitability; presentation of net sales and financial result; financial targets and historical performance; description of risks; Corporate Governance and sustainable operations, and responsiveness on mobile devices. Compared to the previous years, this time more emphasis was put on usability on mobile devices.

                                    The jury acknowledged Valmet especially for the clear structure of the website and illustrative graphics. "The prize is a great recognition for the persistent work we have done. We continuously strive to further develop Valmet's investor website, and have also had the courage to put effort into new communication channels, like the video gallery and our IR blog", says Calle Loikkanen, Director, Investor Relations.

                                    Valmet's investor website can be visited at the following address: http://www.valmet.com/investors.

                                    Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

                                    Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

                                    Valmet's net sales in 2016 were approximately EUR 2.9 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

                                    • valmet
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                                      no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 07 Apr 2017 07:56:40 +0200
                                      Price increase for speciality papers http://www.pulp-paperworld.com/fr/item/7140-price-increase-for-speciality-papers http://www.pulp-paperworld.com/fr/item/7140-price-increase-for-speciality-papers

                                      Mitsubishi HiTec Paper, the Bielefeld based manufacturer of coated speciality papers, is increasing its prices for deliveries from 1st June 2017, by 6 – 8 % worldwide.

                                      2017 03 31 104907Rising costs of pulp, chemicals and logistics make this price increase essential.

                                      Customers will be contacted directly by the Mitsubishi sales team.

                                      Mitsubishi HiTec Paper Europe GmbH is a German subsidiary of Mitsubishi Paper Mills Ltd., Japan, one of the world's leading manufacturers of specialty paper. The roughly 700 employees at Mitsubishi HiTec Paper produce high-quality direct thermal, digital imaging, carbonless, label and barrier papers at two tradition-rich locations in Bielefeld and Flensburg.

                                      Each factory stands out for own base paper production, state-of-the-art production machinery and innovative coating technologies. Through its dense global sales network, Mitsubishi HiTec Paper supplies a full range of specialty papers featuring a modular system for every application and printing technology – and is a highly capable partner whenever customized coated paper solutions are required.

                                      • mitsubishi hitec paper
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                                        no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 31 Mar 2017 10:48:16 +0200
                                        Kemira increases prices of polymer products in Europe http://www.pulp-paperworld.com/fr/item/7139-kemira-increases-prices-of-polymer-products-in-europe http://www.pulp-paperworld.com/fr/item/7139-kemira-increases-prices-of-polymer-products-in-europe

                                        kemira logoKemira, a global chemicals company serving customers in water intensive industries, announces price increase for its polymer product line across all European countries.

                                        The price increase is necessary due to overall significant cost increase and global tight supply of many key raw materials across our entire polymer product line:

                                        • Increases in price of major raw materials for polymer manufacturing
                                        • Several building block chemicals on shortage due to force majeure of chemical plants, low stock situations, and unplanned maintenance / outages
                                        • Increased cost of sea freight due to supply reduction and reduction of available shipping routes
                                        • Fluctuating currencies and exchange rates, as well as changes in trade conditions

                                        The adjustment will be effective immediately or as customer contracts allow. The increase will be an average of 4-8 %.

                                        For more information:

                                        Olli Turunen
                                        Vice President, Investor Relations Kemira Oyj
                                        Tel. +358 10 862 1255
                                        Olli.Turunen (a) kemira.com

                                        Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise, application know-how and chemicals that improve our customers' product quality, process and resource efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2016, Kemira had annual revenue of around EUR 2.4 billion and 4,800 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.
                                        www.kemira.com

                                        • Kemira
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                                          no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 31 Mar 2017 10:42:55 +0200
                                          Sonoco-Alcore to Increase Prices for Tubes & Cores in Europe http://www.pulp-paperworld.com/fr/item/7111-sonoco-alcore-to-increase-prices-for-tubes-cores-in-europe http://www.pulp-paperworld.com/fr/item/7111-sonoco-alcore-to-increase-prices-for-tubes-cores-in-europe

                                          2017 03 20 092829Sonoco-Alcore S.a.r.l. has just 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."

                                          Sonoco-Alcore S.a.r.l. is wholly owned by Sonoco (NYSE:SON) and operates 29 tubes and cores plants and four paperboard mills in Europe.

                                          • SonocoAlcore
                                          • SonocoAlcore
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                                            no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 20 Mar 2017 09:26:56 +0100
                                            Sonoco Implementing Price Increase for All Uncoated Recycled Paperboard Products (2) http://www.pulp-paperworld.com/fr/item/7102-sonoco-implementing-price-increase-for-all-uncoated-recycled-paperboard-products-2 http://www.pulp-paperworld.com/fr/item/7102-sonoco-implementing-price-increase-for-all-uncoated-recycled-paperboard-products-2

                                            Sonoco (NYSE:SON) has just announced it is implementing a $75 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning April 3, 2017. 

                                            logo blu“The extraordinarily rapid inflation in our input costs, especially for recycled fiber, has made it necessary for Sonoco to seek recovery in the market,” said Palace Stepps, division vice president of sales and marketing for Sonoco’s U.S. and Canada paper and adhesives.

                                            Sonoco is one of the largest integrated manufacturers of uncoated recycled paperboard in the United States and Canada, producing more than one million tons annually from 11 mills. For more information about Sonoco’s complete line of URB paper products, or to learn more about current pricing, please visit the Company’s website, www.sonoco.com, or contact the Company at 1-800-377-2692.

                                            About Sonoco
                                            Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and packaging supply chain services. With annualized net sales of approximately $4.8 billion, the Company has 20,000 employees working in more than 300 facilities in 33 countries, serving many of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.

                                            • sonoco
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                                              no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 13 Mar 2017 07:30:20 +0100
                                              Sonoco-Alcore to Increase Paperboard Prices in Europe http://www.pulp-paperworld.com/fr/item/7101-sonoco-alcore-to-increase-paperboard-prices-in-europe http://www.pulp-paperworld.com/fr/item/7101-sonoco-alcore-to-increase-paperboard-prices-in-europe

                                              Sonoco-Alcore S.a.r.l. has just announced it will raise prices by €60 per tonne (£50 / tonne) on all recycled paperboard grades sold in the Company's European regions. The price change is effective with shipments on or after 17th March 2017.

                                              logo blu"This price increase is in response to the constant and unprecedented rise in raw material costs which have occurred since the fourth quarter of 2016.  Such increases are no longer sustainable for us as a business and we are now at the critical point where we need to pass this onto the market," said Phil Woolley, Director - Paper Europe.

                                              Sonoco-Alcore S.a.r.l. is wholly owned by Sonoco (NYSE:SON) and operates 29 tubes and cores plants and four paperboard mills in Europe, including the Company's largest European uncoated recycled paperboard mill in Cirie, Italy.

                                              Source: Sonoco Products Company

                                              • SonocoAlcore
                                              • SonocoAlcore
                                              • sonoco
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                                                no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 13 Mar 2017 07:26:15 +0100
                                                Valmet has published the Annual Report and the Corporate Governance Statement for 2016 http://www.pulp-paperworld.com/fr/item/7081-valmet-has-published-the-annual-report-and-the-corporate-governance-statement-for-2016 http://www.pulp-paperworld.com/fr/item/7081-valmet-has-published-the-annual-report-and-the-corporate-governance-statement-for-2016

                                                Valmet has, on March 1, 2017, published its Annual Report for 2016 on the company's website www.valmet.com/annualreports. The Annual Report consists of three separate parts: the Annual Review, the Financial Statements and the GRI Supplement. The GRI Supplement is available in English only.

                                                valmet logoThe printed copies of the Annual Review and the Financial Statements will be available in Finnish and English during the week of March 20, 2017 at the latest. They can be ordered at www.valmet.com/subscribe.

                                                The GRI Supplement is available as PDF only. The report defines Valmet's sustainability reporting scope and principles, and alignment with the Global Reporting Initiative (GRI).

                                                Valmet has also published its Corporate Governance Statement including the Remuneration Statement for 2016. It has been prepared in accordance with the recommendations of the Finnish Corporate Governance Code and is available at www.valmet.com/governance.

                                                The Annual Review, the Financial Statements, the GRI Supplement and the Corporate Governance Statement are attached to this stock exchange release.

                                                Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

                                                Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

                                                Valmet's net sales in 2016 were approximately EUR 2.9 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

                                                Valmet Annual Review 2016
                                                Valmet Financial Statements 2016
                                                Valmet GRI Supplement 2016
                                                Valmet Corporate Governance Statement 2016

                                                • valmet
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                                                  no-spam@pulp-paperworld.com (Ianadmin) financial News Thu, 02 Mar 2017 07:24:54 +0100
                                                  Gratifying annual results for Cham Paper Group http://www.pulp-paperworld.com/fr/item/7074-gratifying-annual-results-for-cham-paper-group http://www.pulp-paperworld.com/fr/item/7074-gratifying-annual-results-for-cham-paper-group

                                                  Cham Paper Group enjoyed a largely satisfying annual result for 2016. The group has returned to growth after a long and challenging transformation process in the paper division. There were also improvements in terms of profitability whereas the lower end of the target margin range was achieved. The paper division benefited in a slightly weaker market environment from the efficiency improvements in production and from a return to normal raw material prices. In the real estate division the clear approval on the development of the Papieri site by the public voters was the crowning event after a four year planning phase, paving the way for the realization of the new quarter in Cham.

                                                  cham paper group logoCham Paper Group generated 2016 net revenue of approx. CHF 198 million (previous year: CHF 194.3 million) on the basis of unaudited figures and achieved markedly better operating results of about CHF 10 million (previous year: CHF 2.4 million). Net income is expected to reach about CHF 8 million (previous year: CHF 0.5 million).

                                                  Cham Paper Group will publish the full year results and the annual report on 27. March 2017.

                                                  Cham Paper Group
                                                  The Cham Paper Group is a leading manufacturer of coated speciality papers. Surface finishing lends papers properties that generate value added for its customers. The company, which was founded in 1657, has three sites, one in Switzerland (Cham) and two in Italy (Carmignano and Condino), and a global sales network.
                                                  The decision to focus on development and sales and discontinue paper manufacturing in Switzerland has made way for a new project on the factory site in the centre of Cham. The Cham Paper Group is developing an eleven-hectare quarter there called the Papieri site.
                                                  The Cham Paper Group (stock exchange symbol: CPGN) is listed on Switzerland's SIX Swiss Exchange.

                                                  • Cham Paper Group Holding AG
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                                                    no-spam@pulp-paperworld.com (Ianadmin) financial News Tue, 28 Feb 2017 10:26:55 +0100
                                                    Global $595.3 Million Synthetic Paper Market Analysis & Trends 2017 - Industry Forecast to 2025 http://www.pulp-paperworld.com/fr/item/7067-global-595-3-million-synthetic-paper-market-analysis-trends-2017-industry-forecast-to-2025 http://www.pulp-paperworld.com/fr/item/7067-global-595-3-million-synthetic-paper-market-analysis-trends-2017-industry-forecast-to-2025

                                                    Research and Markets has announced the addition of the "Global Synthetic Paper Market Analysis & Trends - Industry Forecast to 2025" report to their offering.

                                                    2014 10 10 102959 research markets logoThe Global Synthetic Paper Market is poised to grow at a CAGR of around 7.8% over the next decade to reach approximately $595.3 million by 2025.

                                                    Some of the prominent trends that the market is witnessing include adoption of labeling in beverage industry, increasing internet penetration and the rising trend of online shopping, demand for packaging, labeling and printing industries due to industrialization and adoption of printed synthetic paper.

                                                    Based on application the market is categorized into Non-Label, Label and other applications. Depending on the material type the market is categorized into High-Density Polyethylene (HDPE), Biaxially Oriented Polypropylene (BOPP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polystyrene (PS), High-Impact Polystyrene (HIPS), Linear Low-Density Polyethylene (LLDPE) and other material types.

                                                    Depending on the Manufacturing Process the market is categorized into tubular Film, synthetic pulp, spun-bonded papers, extruded flat film, coextruded film and other manufacturing processes. Based on End Users the market is segmented by transportation, pharmaceuticals, packaging & labeling, food & beverages, cosmetics and other end users.

                                                    This industry report analyzes the market estimates and forecasts for all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2013, 2014 revenue estimations are presented for 2015 and forecasts from 2016 till 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.

                                                    Key Topics Covered:

                                                    1 Market Outline

                                                    2 Executive Summary

                                                    3 Market Overview

                                                    4 Synthetic Paper Market, By Application

                                                    5 Synthetic Paper Market, By Material Type

                                                    6 Synthetic Paper Market, By Manufacturing Process

                                                    7 Synthetic Paper Market, By End User

                                                    8 Synthetic Paper Market, By Geography

                                                    9 Key Player Activities

                                                    10 Leading Companies

                                                    - AGFA-Gevaert N.V.

                                                    - Yupo Corporation

                                                    - Transilwrap Company, Inc.

                                                    - Taghleef Industries

                                                    - Seiko Epson Corporation

                                                    - Relyco Sales, Inc.

                                                    - PPG Industries, Inc

                                                    - Neenah Paper?

                                                    - Nan Ya Plastics Corporation

                                                    - MDV Papier-Und Kunststoffveredelung GmbH

                                                    - Lewis paper place

                                                    - HOP Industries Corporation

                                                    - Firestone polymers

                                                    - DuPont

                                                    - Castrol Limited

                                                    - Carolina Fiber Corporation

                                                    - Bluestar Silicons

                                                    - Avery Dennison

                                                    - Arjobex Sas

                                                    - American Profol Inc.

                                                    For more information about this report visit http://www.researchandmarkets.com/research/rp22l6/global_synthetic.

                                                    • Research and Markets
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                                                      no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 24 Feb 2017 05:57:22 +0100
                                                      Södra's operating profit SEK 452 million for the third four-month period http://www.pulp-paperworld.com/fr/item/7060-soedra-s-operating-profit-sek-452-million-for-the-third-four-month-period http://www.pulp-paperworld.com/fr/item/7060-soedra-s-operating-profit-sek-452-million-for-the-third-four-month-period

                                                      Södra’s operating profit for the third four-month period amounted to SEK 452 million (502). The full-year profit is in line with expectations and the board proposes a distribution of profit totalling SEK 602 million.

                                                      2015 02 12 082029“2016 was a year of transition for Södra, with major changes due to robust investment and restructuring but also lower prices for our finished goods. Against this background, operating profit of SEK 452 million for the third four-month period is a show of strength, while full-year profit of SEK 1,005 million is completely in line with expectations”, says Lars Idermark, President and CEO, in a statement.

                                                      Consolidated net sales for the third four-month period amounted to SEK 6,214 million (6,081), and for the full-year 2016 amounted to SEK 18,482 million (18,267). The operating profit for the period totaled SEK 452 million (502) and for the full-year SEK 1 005 million (2 162). Return on capital employed was 7 percent (17) and the equity ratio was 55 percent (62).

                                                      2017 02 17 100216

                                                      “Södra’s efforts to create a stronger company in a more global and competitive market are continuing. The extensive investments of recent years are among the largest in Södra’s history, and we are strengthening our customer offering and securing markets for our members’ forest products,” says Lars Idermark.

                                                      Södra was founded in 1938 and is the largest forest-owner association in Sweden, with a membership of more than 50,000 forest owners. We engage in modern and responsible forestry, and operate state-of-the-art mills in which we process our raw material. Through value-generating relationships and a long-term approach, Södra is leading the way for the next generation of forestry. 

                                                      • södra
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                                                        no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 17 Feb 2017 10:01:46 +0100
                                                        Paper and board production in slight decrease in 2016 http://www.pulp-paperworld.com/fr/item/7046-paper-and-board-production-in-slight-decrease-in-2016 http://www.pulp-paperworld.com/fr/item/7046-paper-and-board-production-in-slight-decrease-in-2016

                                                        2017 02 09 073550

                                                        Paper and board production in CEPI countries shows a small decline from 2015
                                                        CEPI member countries paper and board production has decreased by 0.1% in 2016 compared to the previous year, according to preliminary figures. Total production in 2016 was around 91 million tonnes. Machine closures in Europe in 2016 were compensated by new capacities or upgrading of existing ones.

                                                        United States and Canadian production are expected to be down by 1.0% and 1.8% respectively. Output slightly increased in South Korea (+0.5%), whilst it was unchanged in Japan and Brazil compared to 2015. The highest growth rates in paper and board output appear to have been recorded by Russia (+3.8%), India (+2.9%) and China (+2.9%).

                                                        According to very first estimates, world paper and board production will be up by 0.8% in 2016 to reach 410 million tonnes.

                                                        The decline in output of graphic grades persists whilst production of packaging grades continues to rise
                                                        The picture by sector maintains the situation witnessed in recent years with a continuation of the decline in the production of graphic grades and further growth in the output of packaging grades.
                                                        Weak printing and publishing activities continue to have an impact on the overall production of graphic grades, which fell by around 3.7%. Output of newsprint - used mainly for daily newspapers - is expected to fall around 6.4%. The production of graphic papers for other communication needs - magazines and catalogs, direct mail, directories, etc. - have recorded different developments. The decline in the output of coated mechanical paper and coated woodfree grades reach 7.1% and 5.0% respectively, while uncoated mechanical paper output increased by1.9%. The production of uncoated woodfree grades - mainly office paper - is estimated to have decreased by 1.4%.

                                                        The production of packaging grades is estimated to have increased by around 2.3% compared to 2015. Within the packaging grades, case materials - mainly used for transport packaging and corrugated boxes - recorded an increase in production of 2.2%. The output of carton board plus other packaging board - such as small goods packaging or book covers - grew by 2.8%, and the production of wrapping grades - used for paper bags production - showed an increase of around 1.2%. Production is impacted by the ongoing trend towards light-weighting and resource efficiency as it is measured in tonnes. The share of packaging grades accounted for 50.1% (49.0% in 2015) of the total paper and board production, with graphic grades accounting for 37.3% (38.8% in 2015).
                                                        Sanitary and household manufacturers are estimated to have seen an increase in output of about 1.8% compared to 2015 and accounted for 8.1% of total production. Output of all other grades of paper and board - mainly for industrial and special purposes - increased by 2.8% (4.5% of total production).

                                                        Paper and board deliveries by CEPI countries are expected to be down by 0.7%
                                                        Based on the cumulative data up to the end of the third quarter of 2016 it is expected that total paper and board deliveries for the year were down by 0.7% compared to 2015, whilst internal deliveries were stable. By the end of September 2016, deliveries of graphic grades had decreased by 5.6% whilst deliveries of packaging grades rose by 2.9%.
                                                        Exports had fallen by 2.9% by the end of September 2016 with the main markets for exports being other European countries, which accounted for about 37% of all exports (36% in the same period of 2015), with deliveries to Asian countries accounting for about 25% (26% in 2015), 12% being exported to North America (11% in 2015), 8% to Latin America and 18% to all other countries.
                                                        Preliminary indications are that imports of paper and board into the region have increased by around 6% compared to 2015. Imports from other European countries accounted for 44% of all imports in the first three quarters of 2015 (46% in the same period 2015) and imports from North America had a share of 30% (29% in 2015), with the remaining 26% split between the other regions - Asia 11%, Latin America 6%, and the Rest of the World 9%.


                                                        Overall paper and board consumption estimated to increase by 1%
                                                        It would appear that the overall consumption of paper and board in CEPI countries in 2016 increased by 1% compared to 2015, based on the latest data available.
                                                        The latest macroeconomic projections for the euro area foresee annual real GDP increasing by 1.7% in 2016 and 1.5% in 2017; 1.8% and 1.6% respectively for the EU. Growth in emerging market and developing economies is expected to pick up in 2017.
                                                        Weak investment and productivity growth are, however, weighing on medium-term prospects across most of these countries. Downside risks to global growth include increasing policy uncertainty in major advanced economies and some emerging countries, financial market disruptions and weakening potential growth.

                                                        Total pulp production increases by 0.7% and market pulp output rises by around 2.5%
                                                        It is estimated that the production of pulp (integrated + market) has increased by 0.7% compared to the previous year, with total output of approximately 35.6 million tonnes. Output of mechanical pulp has increased by around 1.4% and production of chemical pulp has increased by about 0.5% compared to 2015. It is estimated that the output of market pulp increased by around 2.5%.

                                                        Utilisation of paper for recycling falls by around 0.3% when compared to 2015
                                                        It is estimated that utilisation of paper for recycling by CEPI members, at 43.2 million tonnes, decreased by around 0.3% compared to 2015.

                                                        Download here

                                                        • cepi
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                                                          no-spam@pulp-paperworld.com (Ianadmin) financial News Thu, 09 Feb 2017 07:37:36 +0100
                                                          Preparing for the future http://www.pulp-paperworld.com/fr/item/7029-preparing-for-the-future http://www.pulp-paperworld.com/fr/item/7029-preparing-for-the-future

                                                          CEO Per Lindberg comments on the development during Q4 2016:

                                                          billkorlogo“When we look back at 2016 we are very happy to see that we across the board have record production and sales volumes. The one issue is our lack of growth within Consumer Board due to the production disturbances earlier in the year. Looking forward we have good reason to believe this will not be a concern. We have stabilised our production and the most important event last year, the decision to build a new board machine in Gruvön, gives us the foundation for long term growth. Together with the decision to make Skärblacka a world leading MG-centre it also optimises our production structure. Looking at the markets we are confident we will be able to deliver continued growth in line with our plans and expectations. The foundation of our business is sustainable packaging materials and solutions and the demand is growing across our markets all over the world.”  

                                                          THE RESULT

                                                          We deliver a solid performance with an increase in sales volumes of 1% for the full year 2016 compared to 2015. We have record production and sales volumes and on top of that our cash flow and adjusted EBITDA is at an all-time high and our working capital end of 2016 at an all-time low. We are not satisfied with the growth in the Consumer Board segment during 2016, but we have put the production disturbances related to the rebuilds in 2015 behind us, and the anticipated improvements will come as we now are able to run our capacity on higher levels to match market demand and growth. Worth mentioning is also a strong finish in 2016 for business area Packaging Paper with an all-time high profit.

                                                          MARKET OUTLOOK

                                                          It is fair to say that both in the packaging industry and among brand owners it is a widespread anticipation that the largest potential disruptive development for packaging going forward is a growing environmental awareness among consumers. We have long seen this when we analyse our markets, in dialogue with our customers and partners but also in growing demand for sustainable packaging. In recent times we have also seen a growing interest in sustainability from investors and owners. In a global political context that is unpredictable we still stand firm in our belief that consumers expect more and more from products and companies in terms of sustainability and that this creates growing market opportunities for us.

                                                          For each of our business areas the markets were stable in Q4 and we expect that to continue in Q1.

                                                          STRATEGY

                                                          To seize the long term market opportunities we have a clear strategy of profitable growth that is divided in two main categories – packaging materials and solutions. During 2016 we showed that we are committed to these ambitions. The two major investments announced during the year both underline the intention and provides the platform for growing the materials side of our business. But we have also taken several important steps towards accelerating our growth in solutions. During 2016 we established BillerudKorsnäs Venture AB that will find and invest in young innovative companies with technologies or competence that in combination with our capabilities might create completely new business opportunities. In Q1 we invested in ecoXpac (specialised in advanced 3D-forming) and during Q4 we invested in Kezzler and in Hanhaa (Internet of Packaging). While these investments aim to yield new revenue streams in the long term, solutions are already becoming an important part of the current business areas. This is very evident in Corrugated Solutions with an aggressive growth plan for Managed Packaging – once an acquisition of the company Paccess.

                                                          BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 7 production sites in Sweden, Finland and the UK and about 4 200 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

                                                          • BillerudKorsnäs
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                                                            no-spam@pulp-paperworld.com (Ianadmin) financial News Thu, 02 Feb 2017 09:07:23 +0100
                                                            Kemira increases prices of Pulp & Paper FennoSize AKD chemicals in EMEA http://www.pulp-paperworld.com/fr/item/7019-kemira-increases-prices-of-pulp-paper-fennosize-akd-chemicals-in-emea http://www.pulp-paperworld.com/fr/item/7019-kemira-increases-prices-of-pulp-paper-fennosize-akd-chemicals-in-emea

                                                            Kemira announces a price increase for its Pulp & Paper FennoSize AKD product line in EMEA. The adjustment will be effective immediately or as customer contracts allow.

                                                            Logo slogan belowThe price increase of the AKD sizing chemicals will be approximately 5-10%, depending on the specific formulations and can differ in selected geographies. This adjustment is necessary due to significant raw material costs increases.

                                                            More information:

                                                            Harri Eronen

                                                            VP, Sales &Technical Service, Pulp & Paper, EMEA

                                                            Tel. +491718028790

                                                            harri.eronen@kemira.com

                                                            Janne Silonsaari

                                                            Director, Marketing & Product Management, Pulp & Paper, EMEA,

                                                            Tel. +358504099264

                                                            janne.silonsaari@kemira.com

                                                            Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise, application know-how and chemicals that improve our customers’ product quality, process and resource efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2015, Kemira had annual revenue of EUR 2.4 billion and around 4,700 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.

                                                            www.kemira.com

                                                            • Kemira
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                                                              no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 27 Jan 2017 07:33:08 +0100
                                                              Definitive Agreement Reached for WestRock to Acquire Multi Packaging Solutions for $18.00 per share http://www.pulp-paperworld.com/fr/item/7016-definitive-agreement-reached-for-westrock-to-acquire-multi-packaging-solutions-for-18-00-per-share http://www.pulp-paperworld.com/fr/item/7016-definitive-agreement-reached-for-westrock-to-acquire-multi-packaging-solutions-for-18-00-per-share

                                                              WestRock Company (NYSE:WRK) and Multi Packaging Solutions International Limited (NYSE:MPSX) (“MPS”) has announced 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.

                                                              2015 10 18 094836Founded 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.

                                                              The transaction will be financed through a combination of cash on hand and existing credit facilities. WestRock expects to refinance existing MPS debt assumed as part of the transaction upon closing.

                                                              “The acquisition of MPS is an important step forward that advances our strategy and will create significant value for our customers, employees and shareholders,” said Steve Voorhees, chief executive officer of WestRock. “Through this transaction, we will add a leader in the value-added packaging sector that strengthens our differentiated portfolio of paper and packaging solutions. Led by their talented management team, MPS shares our commitment to provide our customers with differentiated packaging solutions that help them win in the marketplace.

                                                              “The combination of WestRock and MPS creates opportunities to drive margin expansion and enhanced financial returns through a combination of increased integration and identified synergies,” Voorhees added. “Overall, this is a highly strategic transaction consistent with our balanced capital allocation strategy that we expect will generate compelling growth and returns. We have the right team in place with deep integration experience to fully realize this opportunity.”

                                                              “The MPS family is excited to join WestRock and take this logical next step in the progression of our company,” said Marc Shore, chief executive officer and founder of MPS. “Becoming part of WestRock greatly enhances the portfolio of products we can offer our customers and provides additional scale, resources and capabilities.”

                                                              Marc Shore and Dennis Kaltman, president, MPS, will join WestRock as part of the transaction.

                                                              Strategic Benefits

                                                              The transaction builds on WestRock’s industry-leading consumer packaging platform and accelerates its strategy to be the premier partner and unrivaled provider of winning solutions to its customers:

                                                              • Broadened product capabilities and expanded presence in targeted end markets.
                                                              • MPS brings strong complementary print, graphics and design capabilities that will enhance WestRock’s presence in the growing healthcare and consumer markets that includes spirits, confectionary, beauty and cosmetics. These markets collectively represented 90% of MPS revenue in fiscal 2016. The acquisition will also further broaden WestRock’s differentiated product portfolio, and significantly strengthens WestRock’s presence in attractive markets that will allow its brands to differentiate themselves with new applications and new technologies.
                                                              • Significant opportunities for operational synergies and margin expansion.
                                                              • MPS is one of the largest non-integrated consumers of bleached paperboard in the world, using approximately 225,000 tons of paperboard each year in its production facilities. The acquisition will create opportunities to integrate between 35% and 45% of this consumption. In total, these opportunities are expected to generate $85 million in run-rate synergies by the end of fiscal 2019.

                                                              The transaction is subject to a vote by MPS’ shareholders and is expected to close in WestRock’s third quarter fiscal 2017, subject to the receipt of applicable regulatory approvals and other customary closing conditions. The two largest shareholders of MPS, representing approximately 57% of the shares outstanding, have agreed to vote all of their shares in favor of the transaction.

                                                              PJT Partners served as financial adviser to WestRock in the transaction and provided its board of directors a fairness opinion.  Lazard advised WestRock on certain matters related to the transaction. BofA Merrill Lynch acted as MPS’ exclusive financial advisor in connection with this transaction.

                                                              About WestRock
                                                              WestRock (NYSE:WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock's 39,000 team members support customers around the world from more than 250 operating and business locations spanning North America, South America, Europe and Asia. Learn more at www.WestRock.com

                                                              About Multi Packaging Solutions
                                                              MPS (NYSE:MPSX) is a leading global provider of value-added packaging solutions to a diverse customer base across the healthcare, consumer and multi-media markets. MPS provides its customers with an extensive array of print-based specialty packaging solutions, including premium folding cartons, inserts, labels and rigid packaging across a variety of substrates and finishes. MPS has 59 manufacturing locations across North America, Europe and Asia and employs approximately 8,800 people.

                                                              • westrock
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                                                                no-spam@pulp-paperworld.com (Ianadmin) financial News Wed, 25 Jan 2017 09:41:51 +0100
                                                                Kemira increases prices of pulp & paper process chemicals in APAC http://www.pulp-paperworld.com/fr/item/6981-kemira-increases-prices-of-pulp-paper-process-chemicals-in-apac http://www.pulp-paperworld.com/fr/item/6981-kemira-increases-prices-of-pulp-paper-process-chemicals-in-apac

                                                                Kemira announces price increase for its pulp & paper process chemical product line in APAC. The adjustment will be effective January 9, 2017 or as customer contracts allow.

                                                                Logo slogan below kemiraThe price increase of polymers, surface sizes, coating chemicals and dispersants will be approximately 5-10%, depending on the specific customer segment and applications, and can differ for specific product types in selected geographies. This adjustment is necessary due to overall increased production and raw material costs.

                                                                More information:

                                                                Nichlas Kavander

                                                                SVP, Pulp & Paper APAC

                                                                Tel. +86 185 2131 9966

                                                                nichlas.kavander@kemira.com

                                                                Ross Howat

                                                                VP, Sales & Technical Service, Pulp & Paper, APAC

                                                                Tel. +86 185 2101 3311

                                                                ross.howat@kemira.com

                                                                Kemira is a global chemicals company serving customers in water intensive industries. We provide expertise, application know-how and chemicals that improve our customers‘ product quality, process and resource efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2015, Kemira had annual revenue of EUR 2.4 billion and around 4,700 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.

                                                                www.kemira.com

                                                                • Kemira
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                                                                  no-spam@pulp-paperworld.com (Ianadmin) financial News Wed, 11 Jan 2017 09:53:36 +0100
                                                                  The Board of Directors of Valmet resolved on continuing the long-term incentive plan for key employees http://www.pulp-paperworld.com/fr/item/6965-the-board-of-directors-of-valmet-resolved-on-continuing-the-long-term-incentive-plan-for-key-employees http://www.pulp-paperworld.com/fr/item/6965-the-board-of-directors-of-valmet-resolved-on-continuing-the-long-term-incentive-plan-for-key-employees

                                                                  The Board of Directors of Valmet has decided to continue the share based incentive program for Valmet's key employees approved in December 2014. The aim of the program is to combine the objectives of the shareholders and the key employees in order to increase the value of the company, to commit the key employees to Valmet, and to offer them a competitive reward plan based on holding the company's shares.

                                                                  valmet logoThe program approved in 2014 includes three discretionary periods, which are the calendar years 2015, 2016 and 2017. The Board of Directors of Valmet shall decide on the performance criteria and targets in the beginning of each discretionary period. The potential reward of the program from the discretionary period 2017 is based on Comparable EBITA % and orders received growth % of the stable business, that is, the Services and Automation business lines. The potential reward of the plan from the discretionary period 2017 will be paid partly as Valmet shares and partly in cash in 2018. The proportion to be paid in cash is intended to cover taxes and tax-related costs arising from the reward to the key employee. As a rule, no reward is paid, if the key employee's employment or service ends before the reward payment.

                                                                  As part of the share based incentive program members of the Valmet Executive Team shall have a possibility to receive a matching share reward for the discretionary period 2017 provided that he or she owns or acquires Valmet shares up to a number determined by the Board of Directors by December 31, 2017. Reward receipt is tied to the continued employment or service of the Valmet Executive Team member upon reward payment.

                                                                  The reward of the plan may not exceed 120 percent of the key employee's annual total base salary. The shares paid as reward may not be transferred during the restriction period, which will end two years from the end of the discretionary period. Should a key employee's employment or service end during the restriction period, as a rule, he or she must gratuitously return the shares given as reward to Valmet.

                                                                  The plan is directed to approximately 80 key employees. The rewards to be paid on the basis of the plan are in total an approximate maximum of 550,000 shares in Valmet.

                                                                  Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

                                                                  Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

                                                                  Valmet's net sales in 2015 were approximately EUR 2.9 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.
                                                                  • valmet
                                                                    ]]>
                                                                    no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 16 Dec 2016 07:05:46 +0100
                                                                    Södra provides SEK 10 million in funding for research and development http://www.pulp-paperworld.com/fr/item/6959-soedra-provides-sek-10-million-in-funding-for-research-and-development http://www.pulp-paperworld.com/fr/item/6959-soedra-provides-sek-10-million-in-funding-for-research-and-development

                                                                    In November, the Södra Foundation for Research, Development and Education decided to contribute an additional SEK 10 million to research projects connected with forestry. Six different projects have been awarded grants, one of which focuses on addressing the future market for wood fibre-based products by developing new fibres from existing processing environments.

                                                                    To meet the requirements imposed on new cellulose-based products, such as paper and packaging, it must be possible to regulate and vary the core properties of the pulp used. Chalmers University of Technology has launched the project AvanCell: New Fibres from Existing Processing Environments, and has been awarded SEK 8 million to do research on this topic.

                                                                    2016 12 14 103917

                                                                    “The project aims to establish new knowledge about how we can regulate the properties of pulp. If we learn more about how to utilise the processing environment and the chemistry in the final bleaching stage, we can change the flexibility and interaction properties of the fibre, something that is highly sought after by both pulp customers and consumers” said Laila Rogestedt, Senior Vice President of Innovation and New Business at Södra.

                                                                    Research grants have also been awarded to several projects in the field of sustainable forest management. The grants were presented to researchers at the Swedish University of Agricultural Sciences and Skogforsk for studies related to the damage of saplings, birch production, more effective use of harvesting data and work environment issues pertaining to forestry machinery.

                                                                    Project contributions decided in November 2016

                                                                    Project

                                                                    Contribution

                                                                    Company

                                                                    Researcher

                                                                    Transparency and the Swedish Forest Agency: What should we do now going forward? A proposal

                                                                    SEK 550,000

                                                                    King’s College, London

                                                                    Roland Lofstedt

                                                                    The effect of plant type, land preparation and pine weevil protection on damage by black bark beetles to spruce saplings in Southern Sweden

                                                                    SEK 605,000

                                                                    Asa Försökspark

                                                                    Kristina Wallertz

                                                                    Development and testing of model for calculating harvesting costs based on tree size

                                                                    SEK 300,000

                                                                    Skogsforsk

                                                                    Johan Möller

                                                                    Measurement of load level during partial automation

                                                                    SEK 375,000

                                                                    Skogsforsk

                                                                    Martin Englund

                                                                    Application for funding for continuation of the forest research project Birch for High-Value Timber Production

                                                                    SEK 350,000

                                                                    Swedish University of Agricultural Sciences

                                                                    Jens Peter Skovsgaard

                                                                    AvanCell: New Fibres from Existing Processing Environments

                                                                    SEK 8,280,000

                                                                    Chalmers

                                                                    Hans Theliander

                                                                    The Södra Foundation for Research, Development and Educationapproved the provision a total of SEK 10,460,000 in funding for new projects. Altogether, the Foundation has provided SEK 15,591,000 in project funding during the year

                                                                    Facts
                                                                    The mission of the Södra Foundation for Research, Development and Education is to promote research and education of significance to forestry and forest industry operations in Southern Sweden.

                                                                    The projects that are granted funding include fields of research and development that are relevant and important for both forestry and the forest industry. Since the inception of the Foundation in 1995, some 150 research projects have been awarded grants. The findings of the research projects have been significant both from a social perspective and for the forest industry.

                                                                    The Foundation holds four Board meetings per year, at which grant applications are considered. Information about the rules regarding applications for grants from the Foundation is available on Södra’s website.

                                                                    Södra was founded in 1938 and is the largest forest-owner association in Sweden, with a membership of more than 50,000 forest owners. We engage in modern and responsible forestry, and operate state-of-the-art mills in which we process our raw material. Through value-generating relationships and a long-term approach, Södra is leading the way for the next generation of forestry.
                                                                    • södra
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                                                                      no-spam@pulp-paperworld.com (Ianadmin) financial News Wed, 14 Dec 2016 10:41:51 +0100
                                                                      Rottneros signs agreement on debt financing within the framework of the investment program Agenda 500 http://www.pulp-paperworld.com/fr/item/6946-rottneros-signs-agreement-on-debt-financing-within-the-framework-of-the-investment-program-agenda-500 http://www.pulp-paperworld.com/fr/item/6946-rottneros-signs-agreement-on-debt-financing-within-the-framework-of-the-investment-program-agenda-500

                                                                      As part of the previously announced long-term goal of changing the capital structure through increased borrowing, the Rottneros Group has signed agreements on debt financing within the framework of the investment program Agenda 500.

                                                                      rott logo ppwThe increased funding amounts to a total of SEK 120 million and will be used for investments in the Group's two mills. The loans will be repaid within five years and have a variable interest rate.

                                                                      Loan terms include customary covenants for example in the form of net debt in relation to EBITDA, the equity ratio and certain restrictions on dividend opportunities.

                                                                      Rottneros is an independent producer of market pulp. The Group comprises the parent company Rottneros AB, listed on NASDAQ Stockholm, and its subsidiaries Rottneros Bruk AB and Vallviks Bruk AB with operations involving the production and sale of market pulp. The Group also includes the wood procurement company Rottneros Baltic SIA in Latvia. The Group has just over 260 employees and had a turnover of approximately SEK 1.8 billion in the 2015 financial year.

                                                                      • Rottneros
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                                                                        no-spam@pulp-paperworld.com (Ianadmin) financial News Thu, 08 Dec 2016 07:08:14 +0100
                                                                        Kemira increases prices of polymer products in Europe http://www.pulp-paperworld.com/fr/item/6938-kemira-increases-prices-of-polymer-products-in-europe http://www.pulp-paperworld.com/fr/item/6938-kemira-increases-prices-of-polymer-products-in-europe

                                                                        Logo slogan below kemiraKemira, a global chemicals company serving customers in water intensive industries, announces price increase for its polymer product line across all European countries. The adjustment will be effective January 1, 2017 or as customer contracts allow.

                                                                        The increase will be an average of 5%, depending on the specific customer segment and applications, and can differ for specific product types in selected geographies. This adjustment is necessary due to overall increased production and supply costs.

                                                                        • Kemira
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                                                                          no-spam@pulp-paperworld.com (Ianadmin) financial News Thu, 01 Dec 2016 11:30:26 +0100
                                                                          Catalyst Paper Announces Principal Securityholder Support for Recapitalization http://www.pulp-paperworld.com/fr/item/6888-catalyst-paper-announces-principal-securityholder-support-for-recapitalization http://www.pulp-paperworld.com/fr/item/6888-catalyst-paper-announces-principal-securityholder-support-for-recapitalization

                                                                          Catalyst Paper Corporation have just announced that it has received an alternative recapitalization proposal to be implemented if the previously announced acquisition proposal by Kejriwal Group International ("KGI") is not completed. The Board of Directors believes that the availability of such an alternative is in the interest of the Company and all of its stakeholders, and had requested that holders representing about 79% of the Company's outstanding common shares and 87% of its 11% PIK Toggle Senior Secured Notes (the "Principal Securityholders") consider making or supporting an alternative proposal.

                                                                          As a result of the Board of Director's request, each individual Principal Securityholder has separately, following its own independent evaluation, indicated that it would support an alternative recapitalization plan, the terms of which have been communicated to the Company. These terms include converting the US$260 million 11.00% PIK Toggle Senior Secured Notes due October 2017 into (i) a new term loan in the principal amount of US$135 million with a maturity 5 years from the issuance date, and 12% interest to be paid-in-kind during year one, with the possibility thereafter of partial payment-in-kind at the Company's option, and (ii) common shares of the Company representing 95% of the outstanding number thereof after giving effect to such conversion.

                                                                          catalyst logoThe implementation of the alternative recapitalization plan would not affect any of Catalyst's contractual relationships with its trade vendors or any amounts owing to them.

                                                                          In addition, the Principal Securityholders have each agreed to defer the interest that is scheduled to be paid to them on November 1, 2016 in respect of the Company's PIK Toggle Notes. The alternative recapitalization plan also contemplates the conversion of the amount of such deferred interest into equity. Together with the significant debt reduction and the terms of the new term loan described above, this deferral and conversion would provide the Company with enhanced liquidity.

                                                                          "We are pleased that each of our Principal Securityholders is willing to support an alternative recapitalization plan which would significantly reduce debt and provide enhanced liquidity without affecting trade vendors," said Joe Nemeth, President & Chief Executive Officer of Catalyst.

                                                                          The alternative recapitalization plan also contemplates a transaction under which common shares not held by three of the Principal Securityholders would be exchanged for cash consideration, subject to certain conditions, including so as to permit the Company to cease to be a reporting issuer under applicable securities laws. The completion of any such transaction is not a condition to the implementation of the alternative recapitalization plan. There can be no assurance that such an exchange transaction will be proposed and if so at what price.

                                                                          KGI Acquisition Proposal

                                                                          The support agreement among KGI and each of the Principal Securityholders in respect of the KGI acquisition proposal contemplated that an arrangement agreement in connection thereof would be entered into by October 25, 2016. No such arrangement agreement has been entered into. As a result, the parties to the support agreement are permitted to terminate it, although they have not yet taken any such action. There can be no assurance that the support agreement will not be terminated and that the KGI transaction will be completed.

                                                                          Information regarding process and conditions

                                                                          Catalyst and its Board of Directors are reviewing and evaluating the alternative recapitalization plan with the assistance of legal and financial advisors and will be providing an update as to such review in due course. The alternative recapitalization plan would be proposed under the arrangement provisions of the Canada Business Corporations Act and submitted for court and securityholder approvals in order to be binding on all affected securityholders.

                                                                          The alternative recapitalization plan contemplates certain conditions and other provisions including the maturity extension of the existing credit facilities of Catalyst, and securityholder, regulatory, stock exchange and court approvals. There can be no assurance that definitive agreements to implement the proposed alternative recapitalization will be entered into by Catalyst, that any of the conditions to the recapitalization will be satisfied, or that these or any other proposed transaction or plan will be approved or consummated, and if so on what additional or amended terms to those described herein.

                                                                          The Company does not undertake any obligation to provide any updates with respect to the KGI acquisition or the alternative recapitalization plan or the processes relating thereto, except as required under applicable law. The Company notes that Schedule 13D filings are made from time to time by certain of its stockholders with the U.S. Securities and Exchange Commission and can be consulted by visiting EDGAR on the SEC website at www.sec.gov/edgar.shtml.

                                                                          About Catalyst Paper

                                                                          Catalyst Paper manufactures diverse papers such as coated freesheet, coated one side (C1S), flexible and industrial packaging, coated and uncoated groundwood, newsprint, directory, as well as market pulp. Customers include retailers, publishers, commercial printers, and converters of specialty applications in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.3 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada, and has been ranked by Corporate Knights magazine for the 10th consecutive year as one of the 50 Best Corporate Citizens in Canada.

                                                                          • catalyst paper
                                                                            ]]>
                                                                            no-spam@pulp-paperworld.com (Ianadmin) financial News Thu, 27 Oct 2016 09:18:37 +0200
                                                                            Global pulpwood prices were up in the 2Q/16 after having declined for seven consecutive quarters http://www.pulp-paperworld.com/fr/item/6875-global-pulpwood-prices-were-up-in-the-2q-16-after-having-declined-for-seven-consecutive-quarters http://www.pulp-paperworld.com/fr/item/6875-global-pulpwood-prices-were-up-in-the-2q-16-after-having-declined-for-seven-consecutive-quarters

                                                                            Wood fiber costs currently account for almost 60% of the cash costs when manufacturing wood pulp. Prices for both wood chips and pulplogs have trended downward for a long time, but this came to an abrupt halt in the 2Q/16 when the softwood price index rose 2.3% and the hardwood price index increased 3.7% from the 1Q/16, according to the latest Wood Resource Quarterly.

                                                                            2014 03 03 093023The wood fiber costs for the world’s pulp industry had trended downward for almost five years until this year when both the softwood and hardwood fiber price indices jumped in the 2Q/16. The two indices rose because price increases were seen for wood chips and pulplogs in practically every major market around the world.

                                                                            The Softwood Wood Fiber Price Index (SFPI) was up 2.3% from the 1Q/16 to US$89.63/odmt in the 2Q/16, as reported in the Wood Resource Quarterly (WRQ). This was the first quarter-over-quarter increase since early 2014. A combination of a weaker US dollar and higher wood fiber prices in the local currencies in Western Canada, France, Brazil and Germany, were the main reasons for the higher SFPI this quarter.

                                                                            The Hardwood Wood Fiber Price Index (HFPI) was up 3.7% from the 1Q/16 to US$86.86/odmt, which was also the first increase in almost two years. The biggest price increases (in US dollars) occurred in Russia, Brazil, Chile, Australia and Eastern Canada.

                                                                            Despite the recent price increase, current price levels for wood fiber are close to the lowest they have been in almost ten years in nominal terms. Wood fiber costs currently account for approximately 58% of the cash costs when manufacturing pulp on a global basis, according to Fisher International.  Of the 16 major pulp-producing regions around the world tracked by the WRQ, pulpmills in Japan have the highest wood fiber cost percentage of close to 70%, while Russian mills have the lowest wood cost share of just below 40%.

                                                                            The historically low wood fiber costs are, of course, very good news for the world’s pulp and paper industry. With market pulp prices currently being slightly below their ten-year averages, the wood costs as a percentage of the market pulp price (NBSK and EBK) are close to their lowest levels in almost 15 years.

                                                                            Note. The Global Wood Fiber Price Index is a weighted average of delivered wood fiber prices for the pulp industry in all regions tracked by the publication Wood Resource Quarterly. These regions together account for 85-90% of the world’s wood-based pulp production capacity. The price is based on current quarter average prices, and country/regional wood fiber consumption data. The global average price for softwood and hardwood is calculated in nominal US$ per oven-dried metric ton (odmt) of wood fiber.

                                                                            Global lumber, sawlog and pulpwood market reporting is included in the 52-page quarterly publication Wood Resource Quarterly (WRQ). The report, which was established in 1988 and has subscribers in over 30 countries, tracks sawlog, pulpwood, wood chip, lumber and pellet prices, trade and market developments in most key regions around the world. To subscribe to the WRQ, please go to www.woodprices.com

                                                                            • Wood Resource Quarterly
                                                                              ]]>
                                                                              no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 24 Oct 2016 06:52:46 +0200
                                                                              Kemira announces price increase for AKD wax in APAC http://www.pulp-paperworld.com/fr/item/6854-kemira-announces-price-increase-for-akd-wax-in-apac http://www.pulp-paperworld.com/fr/item/6854-kemira-announces-price-increase-for-akd-wax-in-apac

                                                                              Logo slogan below kemiraKemira will implement a price increase of up to 15 % for selected AKD (alkyl ketene dimer) wax based sizing products in APAC. The adjustment will be immediately implemented or as the existing AKD wax contracts allow. The price adjustment is a result of increased costs within the AKD-wax supply chain. AKD-wax is the main raw material for AKD-sizing products.

                                                                              For more information, please contact:

                                                                              Ross Howat
                                                                              VP, Sales & Technical Service, Pulp & Paper, APAC
                                                                              Tel. +86 185 2101 3311 ross.howat@kemira.com

                                                                              KD Lin
                                                                              Director, Sales, Pulp & Paper, Greater China
                                                                              Tel. +86 139 1783 9307 kd.lin@kemira.com

                                                                              Kemira is a global chemicals company serving customers in water intensive industries. We provide expertise, application know-how and chemicals that improve our customers‘ product quality, process and resource efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2015, Kemira had annual revenue of EUR 2.4 billion and around 4,700 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd. www.kemira.com

                                                                              • Kemira
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                                                                                no-spam@pulp-paperworld.com (Ianadmin) financial News Thu, 13 Oct 2016 08:45:02 +0200
                                                                                Global pulpwood prices were up in the 2Q/16 after having declined for seven consecutive quarters http://www.pulp-paperworld.com/fr/item/6841-global-pulpwood-prices-were-up-in-the-2q-16-after-having-declined-for-seven-consecutive-quarters http://www.pulp-paperworld.com/fr/item/6841-global-pulpwood-prices-were-up-in-the-2q-16-after-having-declined-for-seven-consecutive-quarters

                                                                                Wood fiber costs currently account for almost 60% of the cash costs when manufacturing wood pulp. Prices for both wood chips and pulplogs have trended downward for a long time, but this came to an abrupt halt in the 2Q/16 when the softwood price index rose 2.3% and the hardwood price index increased 3.7% from the 1Q/16, according to the latest Wood Resource Quarterly.

                                                                                2016 10 10 070155The wood fiber costs for the world’s pulp industry had trended downward for almost five years until this year when both the softwood and hardwood fiber price indices jumped in the 2Q/16. The two indices rose because price increases were seen for wood chips and pulplogs in practically every major market around the world.

                                                                                The Softwood Wood Fiber Price Index (SFPI) was up 2.3% from the 1Q/16 to US$89.63/odmt in the 2Q/16, as reported in the Wood Resource Quarterly (WRQ). This was the first quarter-over-quarter increase since early 2014. A combination of a weaker US dollar and higher wood fiber prices in the local currencies in Western Canada, France, Brazil and Germany, were the main reasons for the higher SFPI this quarter.

                                                                                The Hardwood Wood Fiber Price Index (HFPI) was up 3.7% from the 1Q/16 to US$86.86/odmt, which was also the first increase in almost two years. The biggest price increases (in US dollars) occurred in Russia, Brazil, Chile, Australia and Eastern Canada.

                                                                                Despite the recent price increase, current price levels for wood fiber are close to the lowest they have been in almost ten years in nominal terms. Wood fiber costs currently account for approximately 58% of the cash costs when manufacturing pulp on a global basis, according to Fisher International.  Of the 16 major pulp-producing regions around the world tracked by the WRQ, pulpmills in Japan have the highest wood fiber cost percentage of close to 70%, while Russian mills have the lowest wood cost share of just below 40%.

                                                                                The historically low wood fiber costs are, of course, very good news for the world’s pulp and paper industry. With market pulp prices currently being slightly below their ten-year averages, the wood costs as a percentage of the market pulp price (NBSK and EBK) are close to their lowest levels in almost 15 years.

                                                                                Note. The Global Wood Fiber Price Index is a weighted average of delivered wood fiber prices for the pulp industry in all regions tracked by the publication Wood Resource Quarterly. These regions together account for 85-90% of the world’s wood-based pulp production capacity. The price is based on current quarter average prices, and country/regional wood fiber consumption data. The global average price for softwood and hardwood is calculated in nominal US$ per oven-dried metric ton (odmt) of wood fiber.

                                                                                Global lumber, sawlog and pulpwood market reporting is included in the 52-page quarterly publication Wood Resource Quarterly (WRQ). The report, which was established in 1988 and has subscribers in over 30 countries, tracks sawlog, pulpwood, wood chip, lumber and pellet prices, trade and market developments in most key regions around the world. To subscribe to the WRQ, please go to www.woodprices.com

                                                                                • Wood Resource Quarterly
                                                                                  ]]>
                                                                                  no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 10 Oct 2016 06:59:04 +0200
                                                                                  Sonoco Announces Price Increase for Paperboard Tubes and Cores http://www.pulp-paperworld.com/fr/item/6818-sonoco-announces-price-increase-for-paperboard-tubes-and-cores http://www.pulp-paperworld.com/fr/item/6818-sonoco-announces-price-increase-for-paperboard-tubes-and-cores

                                                                                  Sonoco (NYSE:SON) have just announced it will raise the price for all paperboard tubes and cores by 6 percent to 10 percent, effective with shipments in the United States and Canada, beginning October 24, 2016.

                                                                                  logo blu“This price increase, our first in more than a year, is necessary due to the recent increase in costs for uncoated recycled paperboard, our primary raw material, combined with price escalations in energy, labor and other input costs,” said James Harrell, vice president for Sonoco’s North America Tubes and Cores Division.

                                                                                  Sonoco is the largest producer of paper-based tubes and cores in North America, which are used to serve the paper, textile, plastic film, and tape and specialty industries. For more information about Sonoco’s complete line of paperboard tubes and cores or to learn more about current pricing, please visit the Company’s website (www.sonoco.com) or contact the Company at +800-377-2692.

                                                                                  About Sonoco
                                                                                  Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and display and packaging supply chain services. With annualized net sales of approximately $5.0 billion, the Company has 21,000 employees working in more than 300 facilities in 34 countries, serving many of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.

                                                                                  • sonoco
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                                                                                    no-spam@pulp-paperworld.com (Ianadmin) financial News Tue, 27 Sep 2016 08:29:27 +0200
                                                                                    Sonoco-Alcore to Increase Paperboard Prices Across Europe http://www.pulp-paperworld.com/fr/item/6802-sonoco-alcore-to-increase-paperboard-prices-across-europe http://www.pulp-paperworld.com/fr/item/6802-sonoco-alcore-to-increase-paperboard-prices-across-europe

                                                                                    Sonoco-Alcore S.a.r.l. has just announced it will raise prices by €40 per tonne on all recycled paperboard grades sold in the Company's Nordic, Central European and Greek regions. The price change is effective with shipments on or after October 17th, 2016.

                                                                                    logo blu"This price increase is in response to the continuing rise of raw material costs, which are now at the point where we need to pass on to the market," said Phil Woolley, director, Paper Europe. "We are experiencing this effect across all European countries and follows on from the previously announced increase in the UK in August."

                                                                                    Sonoco-Alcore S.a.r.l. is wholly-owned by Sonoco (NYSE:SON) and operates 29 tubes and cores plants and four paperboard mills in Europe, including the Company's largest European uncoated recycled paperboard mill in Cirie, Italy.

                                                                                    • SonocoAlcore
                                                                                    • sonoco
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                                                                                      no-spam@pulp-paperworld.com (ipmj) financial News Wed, 21 Sep 2016 07:18:04 +0200
                                                                                      Transition and change for increased competitiveness and long-term profitability http://www.pulp-paperworld.com/fr/item/6800-transition-and-change-for-increased-competitiveness-and-long-term-profitability http://www.pulp-paperworld.com/fr/item/6800-transition-and-change-for-increased-competitiveness-and-long-term-profitability

                                                                                      Within the context of Södra's Group strategy, investments and restructuring are now being realised to increase competitiveness and long-term profitability. The results for 2016 will be impacted, and operating profit for the first eight months of the year totalled SEK 553 million (1,660). "Operating profit is in line with expectations, due to lower prices for market pulp and sawn timber, our transition and the change programme," said Södra's CEO Lars Idermark.

                                                                                      södra logoNet sales rose slightly to SEK 12,268 million (12,186), while operating profit declined to SEK 553 million compared with an historically high year-on-year operating profit of SEK 1,660 million. Both prices and currencies have shown an unfavourable trend since last year, which affected the results. Earnings were also charged with restructuring costs of SEK 204 million related to Södra Wood, while the year-on-year comparative figures included a positive nonrecurring item of SEK 133 million derived from the sale of shares in Södra Cell Tofte AS.

                                                                                      "With account for prices, currencies and restructuring costs, the underlying operations delivered in line with the preceding year. 2016 is a year of transition for Södra. We are now realising our Group strategy with investments of SEK 6 billion to increase the capacity of our pulp mills, and a major restructure of our sawn timber and interior wood operations," said Lars Idermark.

                                                                                      "In the second four-month period, operations resumed in the mill at Värö after investments of just over SEK 4 billion and in 2017, we will achieve the expected production rate of 700,000 tonnes per year. The new mill will be one of the most advanced mills in the world, and our energy efficiency will continue to improve," said Lars Idermark.

                                                                                      "In sawn timber, we are restructuring and investing to boost profitability and secure long-term competitiveness, which will impact earnings for the second four-month period. Sawn timber is Södra's backbone and vital for promoting the profitability of forest estates," said Lars Idermark.

                                                                                      In the January-August period, operating profit for the Södra Skog business area totalled SEK 60 million (74). The earnings trend was attributable to lower year-on-year margins on field wood volumes.

                                                                                      Operating loss for Södra Wood totalled SEK 316 million (profit: 2). The lower earnings were mainly attributable to restructuring costs of SEK 204 million, but also to weaker prices for sawn timber and an unfavourable currency trend.

                                                                                      Operating profit for Södra Cell totalled SEK 886 million (1,713). The lower earnings were mainly the result of a weaker price trend.

                                                                                      The interim report in brief:

                                                                                        2016 2015 2016 2015 2015
                                                                                        May-Aug May-Aug Jan-Aug Jan-Aug 1 Jan-31 Dec
                                                                                      Net sales, SEK million 6,029 5,943 12,186 12,186 18,267
                                                                                      Operating profit before depreciation, amortisation and impairment (EBITDA), SEK million 630 1,028 1,279 2,292 3,146
                                                                                      Operating profit (EBIT), SEK million 219 718 553 1,660 2,162
                                                                                      Cash flow after investing activities, SEK million -433 141 -1,132 881 218
                                                                                      Return on capital employed, %     6 20 17
                                                                                      Equity ratio, %     53 60 62
                                                                                      Södra was founded in 1938 and is the largest forest-owner association in Sweden, with a membership of more than 50,000 forest owners. We engage in modern and responsible forestry, and operate state-of-the-art mills in which we process our raw material. Through value-generating relationships and a long-term approach, Södra is leading the way for the next generation of forestry. 
                                                                                      • södra
                                                                                        ]]>
                                                                                        no-spam@pulp-paperworld.com (ipmj) financial News Wed, 21 Sep 2016 06:53:57 +0200
                                                                                        Calle Loikkanen appointed Director, Investor Relations at Valmet http://www.pulp-paperworld.com/fr/item/6799-calle-loikkanen-appointed-director-investor-relations-at-valmet http://www.pulp-paperworld.com/fr/item/6799-calle-loikkanen-appointed-director-investor-relations-at-valmet

                                                                                        2016 09 21 064913Calle Loikkanen (M.Sc.Econ) has been appointed Director, Investor Relations (IR) at Valmet. He starts in his new position on September 20, 2016 and reports to Kari Saarinen, CFO at Valmet.

                                                                                        Calle has previously worked as Investor Relations manager at Valmet and as Portfolio manager and Investment advisor at Aktia.

                                                                                        "Calle has worked in our Investor Relations team for several years ever since Valmet became an independent, stock listed company. This background and his previous experience provide a good basis to continue Valmet's strong investor relations work," says Kari Saarinen.

                                                                                        Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

                                                                                        Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

                                                                                        Valmet's net sales in 2015 were approximately EUR 2.9 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.
                                                                                        • valmet
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                                                                                          no-spam@pulp-paperworld.com (Ianadmin) financial News Wed, 21 Sep 2016 06:51:26 +0200
                                                                                          Cyprium Partners Announces New Investment in Paper Machinery Corporation http://www.pulp-paperworld.com/fr/item/6791-cyprium-partners-announces-new-investment-in-paper-machinery-corporation http://www.pulp-paperworld.com/fr/item/6791-cyprium-partners-announces-new-investment-in-paper-machinery-corporation

                                                                                          Cyprium Partners, a non-control private equity firm, is pleased to announce its new subordinated debt investment in Paper Machinery Corporation (PMC). The capital was used to facilitate an acquisition of the business by a newly formed Employee Stock Ownership Plan (ESOP) from the Baumgartner family. The selling shareholders, Donald Baumgartner and John Baumgartner, will continue to serve on the company’s board of directors.

                                                                                          2016 09 16 095445Founded in 1947 and headquartered in Milwaukee, Wisconsin, PMC is a manufacturer of complex, high-speed forming machines and ancillary equipment utilized by paper and packaging companies to produce paper cups, paperboard canisters, and custom paperboard packages. PMC machines are installed in over 40 countries around the world with each machine built, configured, and equipped according to customer specifications. See www.papermc.com.

                                                                                          “Cyprium is very excited to support the Baumgartner family in its sale of PMC to its employees,” said Leland Lewis, a Managing Partner at Cyprium Partners. “Cyprium’s experience with ESOP transactions and multi-generational businesses made this a natural fit for both PMC and Cyprium.”

                                                                                          In addition, Dan Kessler, a Partner at Cyprium, stated “This is a tremendous opportunity for the more than 250 employees of PMC who have been rewarded for their years of dedication with ownership in the Company. We look forward to working with the senior management team of Luca Dellomodarme, Scott Koehler and Michael Kazmierski to continue PMC’s success.”

                                                                                          About Cyprium Partners

                                                                                          Cyprium Partners is a private equity firm focused on non-control (minority ownership) investments. Cyprium utilizes a combination of subordinated debt, preferred stock, and/or common stock to enable privately-held businesses, entrepreneurs, and management teams to achieve their financial and strategic objectives. With offices in Cleveland, New York, and Chicago, the firm invests $10 million to $60 million per transaction in U.S. and Canadian companies with $8 million or more of EBITDA. Learn more about Cyprium Partners at www.cyprium.com.

                                                                                          • cyprium partners
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                                                                                            no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 16 Sep 2016 10:05:29 +0200
                                                                                            United States Paper (Except Newsprint) Market 2016 http://www.pulp-paperworld.com/fr/item/6790-united-states-paper-except-newsprint-market-2016 http://www.pulp-paperworld.com/fr/item/6790-united-states-paper-except-newsprint-market-2016

                                                                                            United States Paper (Except Newsprint) Market 2016 - Analysis And Forecast to 2020: U.S. Dominated in Global Imports of Paper Accounting an for 11% Share - Research and Markets

                                                                                            Research and Markets has announced the addition of the "U.S. Paper (Except Newsprint) Market - Analysis And Forecast to 2020" report to their offering.

                                                                                            2014 10 10 102959 research markets logoThe report provides an in-depth analysis of the U.S. paper (except newsprint) market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.

                                                                                            The U.S. dominated in global imports of paper (except newsprint), accounting an for 11% share (based on USD). Germany (10%), the United Kingdom, and France (6%, each) followed. In 2015, U.S. paper (except newsprint) imports totaled 5.4 billion USD, which was 0.4 billion USD (7%) less than the year before.

                                                                                            From 2007 to 2015, U.S. paper (except newsprint) imports showed negative dynamics. After the period of relative stability of 2007-2008, imports plunged noticeably by nearly 22% and stood at this level for five years, until they dropped again in 2015. There was an annual decrease of -4.0% throughout the analysed period.

                                                                                            U.S. imports have not shown any signs of recovery. They have to grow another 38% in order to reach the pre-recession level of 2007. Despite this, the U.S. remains one of the most attractive destinations for overseas suppliers.

                                                                                            Canada was the main supplier of paper (except newsprint) into the U.S., accounting for 39% of total U.S. imports in 2015. Finland held second place in the ranking with an 11% share, followed by Germany (8%) and the Republic of Korea (7%).

                                                                                            Net U.S. imports of paper (except newsprint) showed a downward trend over the period under review. In 2015, this industry still ran a significant trade deficit of 2.3 billion USD.

                                                                                            Product coverage:

                                                                                            • Bleached bristols and clay-coated, uncoated freesheet, cotton fiber, special industrial, packaging, and industrial converting papers
                                                                                            • Construction paper
                                                                                            • Disposable diapers and similar disposable products, made in paper mills
                                                                                            • Sanitary tissue paper products, made in paper mills
                                                                                            • Paper (except newsprint) mills

                                                                                            Key Topics Covered:

                                                                                            1. Introduction

                                                                                            2. Executive Summary

                                                                                            3. Market Overview to 2020

                                                                                            4. Domestic Production 2008-2015

                                                                                            5. Imports 2007-2015

                                                                                            6. Exports 2007-2015

                                                                                            7. Competitive Landscape

                                                                                            8. Company Profiles

                                                                                            • Appvion
                                                                                            • Blue Ridge Paper Products
                                                                                            • Cellu Tissue Holdings
                                                                                            • Clearwater Paper Corporation
                                                                                            • Crane & Co.
                                                                                            • Cycle Link (USA)
                                                                                            • Expera Specialty Solutions
                                                                                            • Hollingsworth & Vose Company
                                                                                            • International Paper Company
                                                                                            • Kamilche Company
                                                                                            • Kapstone Paper and Packaging Corporation
                                                                                            • Kimberly-Clark Corporation
                                                                                            • Longview Fibre Paper and Packaging
                                                                                            • Mondi Bags USA.
                                                                                            • Neenah Paper
                                                                                            • New-Indy Containerboard
                                                                                            • Newpage Holding Corporation
                                                                                            • Nice-Pak Products
                                                                                            • P. H. Glatfelter Company
                                                                                            • Pratt Industries (USA)
                                                                                            • SDW Holdings Corporation
                                                                                            • Sca Americas
                                                                                            • Sca Tissue North America
                                                                                            • Simpson Investment Company
                                                                                            • Verso Paper Holdings
                                                                                            • Verso Paper Management
                                                                                            • Wausau Paper Corp.

                                                                                            For more information about this report visit http://www.researchandmarkets.com/research/frpbvp/u_s_paper

                                                                                            • Research and Markets
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                                                                                              no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 16 Sep 2016 09:51:22 +0200
                                                                                              Sonoco Announces Price Increase for All Uncoated Recycled Paperboard Products http://www.pulp-paperworld.com/fr/item/6789-sonoco-announces-price-increase-for-all-uncoated-recycled-paperboard-products http://www.pulp-paperworld.com/fr/item/6789-sonoco-announces-price-increase-for-all-uncoated-recycled-paperboard-products

                                                                                              Sonoco (NYSE:SON) has just announced that it will raise the price for all grades of uncoated recycled paperboard (URB) products by $40 to $60 per ton depending on grade, effective with shipments in the United States and Canada, beginning October 3, 2016. 

                                                                                              logo blu“It is critically important in a mature business, such as our paper business, to run our operations efficiently and provide a return that justifies continued investment,” said Palace Stepps, director of sales and marketing for Sonoco’s North America paper business. “The increase is necessary to capture generally higher operating costs so we can continue providing high-quality, value-adding products to our customers.”

                                                                                              Sonoco is one of the largest producers of uncoated recycled paperboard in the United States and Canada, producing more than one million tons annually from 11 mills. For more information about Sonoco’s complete line of URB paper products, or to learn more about current pricing, please visit the Company’s website (www.sonoco.com) or contact the Company at 1-800-377-2692.

                                                                                              About Sonoco
                                                                                              Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and packaging supply chain services. With annualized net sales of approximately $5.0 billion, the Company has 21,000 employees working in more than 300 facilities in 34 countries, serving many of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.

                                                                                              • sonoco
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                                                                                                no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 16 Sep 2016 09:47:52 +0200
                                                                                                United States Paper Bag And Coated And Treated Paper Market 2016 http://www.pulp-paperworld.com/fr/item/6788-united-states-paper-bag-and-coated-and-treated-paper-market-2016 http://www.pulp-paperworld.com/fr/item/6788-united-states-paper-bag-and-coated-and-treated-paper-market-2016

                                                                                                Research and Markets has announced the addition of the "U.S. Paper Bag And Coated And Treated Paper Market - Analysis And Forecast to 2020" report to their offering.

                                                                                                2014 10 10 102959 research markets logoThe report provides an in-depth analysis of the U.S. paper bag and coated and treated paper market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.

                                                                                                The U.S. takes a 10% share (based on USD) of global paper bag and coated and treated paper exports, which put it in third place, following China (15%) and Germany (14%). In 2015, the U.S. exported 5,773 million USD, which was 1% over the previous year.

                                                                                                Outside of a significant drop of 2009, U.S. paper bag and coated and treated paper exports showed steady growth from 2007 to 2015. There was an average annual increase of +3.9% throughout the analysed period. As U.S. companies improved their positions on overseas markets, domestic manufacturers enjoyed a new growth driver.

                                                                                                From 2007 to 2015, the U.S. was a net exporter of paper bags and coated and treated paper. Prior to 2011, net U.S. exports of paper bags and coated and treated paper showed an upward trend. However, in 2011, they turned downward and decreased steadily through to the end of the period. In 2015, this industry still ran a significant trade surplus of 518 million USD.

                                                                                                Product coverage:

                                                                                                • Single-web paper, rolls and sheets, including waxed, for flexible packaging uses
                                                                                                • Multiweb laminated rolls and sheets, excluding foil, for flexible packaging uses
                                                                                                • Printing paper, coated at establishments other than where paper was produced
                                                                                                • Gummed products
                                                                                                • Pressure-sensitive products
                                                                                                • Wallcoverings
                                                                                                • Converted foil for nonpackaging applications
                                                                                                • Other coated and processed papers, excluding for packaging uses
                                                                                                • Gift wrap paper Specialty bags, pouches, and liners, coated and single-web paper
                                                                                                • Specialty bags, pouches, and liners, multiweb laminations and foil, excluding film-film
                                                                                                • Uncoated single-web paper grocers' bags and sacks and variety and shopping bags
                                                                                                • Shipping sacks and multiwall bags, all materials, excluding textiles
                                                                                                • Laminated aluminum foil rolls and sheets for flexible packaging uses (converting and printing or converting only)
                                                                                                • Pasted, lined, laminated, or surface-coated paperboard
                                                                                                • Paper bag and coated and treated paper manufacturing

                                                                                                Key Topics Covered:

                                                                                                1. Introduction

                                                                                                2. Executive Summary

                                                                                                3. Market Overview

                                                                                                4. Domestic Production

                                                                                                5. Imports

                                                                                                6. Exports

                                                                                                7. Competitive Landscape

                                                                                                8. Company Profiles

                                                                                                • Alpha Industries Management
                                                                                                • Atlas Agi Holdings.
                                                                                                • Avery Dennison Corporation
                                                                                                • Bemis Company
                                                                                                • Boise
                                                                                                • Coveris Flexibles US
                                                                                                • Coveris Key Holdings
                                                                                                • Curwood
                                                                                                • Duro Hilex Poly
                                                                                                • Jonah Brooklyn
                                                                                                • Mohawk Fine Papers
                                                                                                • Newpage Group
                                                                                                • Nitto Americas
                                                                                                • Packaging Dynamics Corporation
                                                                                                • Paperweight Development Corp.
                                                                                                • Printpack
                                                                                                • Printpack Enterprises
                                                                                                • Printpack Holdings
                                                                                                • Prolamina Corporation
                                                                                                • Sealed Air Corporation
                                                                                                • Shurtape Technologies
                                                                                                • Stm Industries
                                                                                                • Tetra Pak
                                                                                                • Westlake Polymers

                                                                                                For more information about this report visit http://www.researchandmarkets.com/research/xj9pdv/u_s_paper_bag

                                                                                                • Research and Markets
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                                                                                                  no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 16 Sep 2016 09:45:31 +0200
                                                                                                  KapStone Paper And Packaging Corporation Announces Investments In Converting Assets http://www.pulp-paperworld.com/fr/item/6772-kapstone-paper-and-packaging-corporation-announces-investments-in-converting-assets http://www.pulp-paperworld.com/fr/item/6772-kapstone-paper-and-packaging-corporation-announces-investments-in-converting-assets

                                                                                                  KapStone Paper and Packaging Corporation (NYSE: KS) (the "Company" or "KapStone") have just announced it is making an investment in building a new state-of-the-art sheet plant in Ontario, California, as well as investing as a minority partner in a sheet feeder in Ontario, California.  The new sheet plant is expected to be manufacturing boxes by January 2017 and is intended to primarily supply the Company's Victory Packaging operations in Southern California as well as other KapStone customers.  This venture, as well as another minority investment in a sheet feeder announced today, are expected to increase KapStone's vertical integration by over 60,000 tons per year and will ramp up to that level over eighteen months.  Collectively, these investments are expected to be approximately $25 million and will be largely funded before fiscal year end 2016.

                                                                                                  HOMELOGORoger Stone, Chairman and Chief Executive Officer of KapStone, said, "These investments are consistent with our strategy to increase the vertical integration of KapStone's mills, reducing exposure to non-integrated end markets, and are in addition to the 20,000 to 25,000 tons per year vertical integration from the Central Florida Box acquisition.  The Ontario, California, sheet plant will further extend our geographic reach to better service KapStone's customers while internalizing the production of some of our Victory Packaging corrugated box demand."

                                                                                                  About the Company
                                                                                                  Headquartered in Northbrook, Illinois, the Company is the fifth largest producer of containerboard and corrugated packaging products and is the largest kraft paper producer in the United States. The Company has 4 paper mills, 22 wholly owned corrugated converting facilities including Ontario, California, 65 distribution centers, and approximately 6,300 employees.

                                                                                                  • kapstone
                                                                                                  • KapStone Paper and Packaging
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                                                                                                    no-spam@pulp-paperworld.com (ipmj) financial News Fri, 09 Sep 2016 06:55:47 +0200
                                                                                                    BillerudKorsnäs included in Dow Jones Sustainability Index http://www.pulp-paperworld.com/fr/item/6771-billerudkorsnaes-included-in-dow-jones-sustainability-index http://www.pulp-paperworld.com/fr/item/6771-billerudkorsnaes-included-in-dow-jones-sustainability-index

                                                                                                    BillerudKorsnäs has been included in one of the world’s most prestigious sustainability indices; Dow Jones Sustainability Europe Index. In addition, the company was named Sustainability Leader in the Containers & Packaging category. BillerudKorsnäs is the only European company in its category to be included.

                                                                                                    billkorlogoBillerudKorsnäs scored particularly high in the field of environment, eg. climate strategy, environmental management system and environmental reporting. Ethical guidelines and supplier management were also given high scores, among others.

                                                                                                    “Sustainability is the very basis of our strategy for sustainable and profitable growth. It is no longer enough to minimize your own environmental impact as companies have done in the past, at BillerudKorsnäs we want to take sustainability further. With our resource efficient and innovative packaging solutions we both can and want to make positive contribution to a sustainable future. I am therefore pleased that our work is recognized and acknowledged internationally today by the Dow Jones Sustainability Index”, says Per Lindberg, President and CEO of BillerudKorsnäs.

                                                                                                    BillerudKorsnäs sustainability work is focused on three areas: increasing customer value, contributing to a sustainable and bio-based society and responsibility throughout the value chain. For example, BillerudKorsnäs aims to further reduce greenhouse gas emissions from the production, which already today uses 97.6 percent biofuels. Among the company's innovations for increased customer value and use of paper packaging solutions is the cement sack that dissolves when mixed into cement, an airtight standing paper pouch for dry goods like sugar, flour and pasta as well as FibreForm - a mouldable paper with extremely high stretchability.

                                                                                                    Dow Jones Sustainability Index describes how the company is performing in key economic, environmental and social areas. Annually 3.400 of the largest listed companies are assessed by RobecoSAM in cooperation with Dow Jones, for more information.

                                                                                                    Read more about BillerudKorsnäs’ sustainability.

                                                                                                    BillerudKorsnäs provides packaging materials and -solutions that challenge conventional packaging for a sustainable future. We are a world leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4 200 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

                                                                                                    • BillerudKorsnäs
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                                                                                                      no-spam@pulp-paperworld.com (ipmj) financial News Fri, 09 Sep 2016 06:50:03 +0200