www.pulp-paperworld.com - Financial News
Friday, 17 July 2020 10:21
Södra posts a stable result but the outlook remains unclear
Södra’s operating profit during Q2 was stable given current market conditions. Deliveries were higher year-on-year, but prices for Södra’s core products were considerably weaker than in 2019. For the first half of 2020, operating profit totalled SEK 449 million (2,009), return on capital employed was 4 per cent…
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Thursday, 23 April 2020 20:47
Essity interim Report First Quarter 2020
The Group’s net sales increased 10.0% in the first quarter of 2020 compared with the corresponding period a year ago. Organic net sales increased 7.8%, of which volume accounted for 5.9% and price/mix for 1.9%. In mature markets, organic net…
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Thursday, 23 April 2020 20:33
Södra result in line with expectations but the future is difficult to predict
Despite dramatically changed conditions in the wake of the COVID-19 pandemic, production rates at Södra’s facilities remained high and stable in the first quarter. Sales amounted to SEK 5,576 million (6,318). Operating profit for the quarter totalled SEK 227 million…
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Tuesday, 17 March 2020 09:10
The Annual General Meeting of Metso Corporation postponed due to coronavirus outbreak
Due to the current coronavirus outbreak, the Finnish government has announced its intention to issue a presidential decree to commission the Emergency Powers Act (Valmiuslaki 1552/2011, as amended) on Tuesday, March 17, 2020, adopting multiple restrictive measures, including the prohibition…
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Friday, 13 March 2020 13:07
Stora Enso to make Annual General Meeting available via webcast
Stora Enso is offering a possibility to follow its Annual General Meeting (AGM) via webcast as a precautionary measure to decrease any risk of infection of the new COVID-19 coronavirus. The company strongly encourages any shareholders who have recently visited…
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Friday, 13 March 2020 08:13
Important information for the 113th Annual General Meeting of ANDRITZ AG - Precautions due to coronavirus
The Austrian government has adopted further measures to stop the coronavirus from spreading. These measures also affect the Annual General Meeting of ANDRITZ AG on March 25, 2020. From today’s perspective, it will not be possible, according to the new…
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Thursday, 12 March 2020 08:23
Lenzing solid in a historically difficult market environment
Lenzing – Despite a generally difficult demand environment for textile fibers and a drastic drop in prices for standard viscose, the Lenzing Group recorded a solid business development in 2019. The disciplined implementation of the sCore TEN corporate strategy and…
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Friday, 06 March 2020 15:06
Resolute Announces Share Repurchase Program
Resolute Forest Products Inc. has just announced that its board of directors authorized the repurchase of up to 15% of the company's common stock for aggregate consideration of up to $100 million. Repurchase transactions will be funded using the company's…
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Saturday, 22 February 2020 21:49
New Forests to Purchase Tasmanian Plantations from Norske Skog
Australia-based international forestry investor New Forests has agreed to purchase the Tasmanian plantations of a local subsidiary of Norwegian pulp and paper company Norske Skog. The purchase includes a net plantation area of more than 18,000 hectares of radiata pine…
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Wednesday, 18 December 2019 09:34
Forisk Acquires the North American Wood Fiber Review, the Leading Price Reporting Service for Pulpwood and Biomass in North America, from Wood Resources International
Forisk Consulting, a leader in North American forest industry and timber market research, has acquired the North American Wood Fiber Review from Wood Resources International of Bothell, Washington. The Review, which tracks wood fiber markets in all major regions of…
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Tuesday, 03 December 2019 08:52
Kemira appoints Mikko Pohjala as Vice President, Investor Relations
Mikko PohjalaMikko Pohjala (M.Sc. Econ.) has been appointed Vice President, Investor Relations of Kemira Oyj starting from December 10, 2019. Mikko Pohjala transfers to Kemira from Citycon, where he has been working as Director, IR and Communications for the last…
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Wednesday, 06 November 2019 08:29
Resolute Further Enhances Liquidity with Amended and Restated Senior Secured Credit Agreement
Resolute Forest Products Inc. has just announced that it has entered into an amended and restated senior secured credit agreement for up to $360 million, replacing the company's existing $185 million senior secured credit facility. The amended and restated credit…
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Friday, 25 October 2019 08:22
Minerals Technologies Announces New $75 Million Share Repurchase Program
Minerals Technologies Inc. has just announced that its Board of Directors has authorized a new, one-year $75 million share repurchase program, effective immediately. This repurchase program replaces the previous program authorized by the Board of Directors that expired on October…
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Thursday, 24 October 2019 09:14
Eucalyptus pulplog prices in Brazil have fallen over the past year and in the 2Q/19 reached their lowest levels in three years, reports the Wood Resource Quarterly
Pulpmills in Brazil had some of the lowest wood fiber costs in the world in the 2Q/19, according to the WRQ. Over the past three years Eucalyptus pulplog prices have fallen while the global Hardwood Fiber Price Index (HFPI) has…
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Tuesday, 22 October 2019 08:28
Stora Enso has completed the divestment of its stake in the Dawang paper mill
Stora Enso has completed the divestment announced on 25 July 2019 of its 60% equity stake in the Dawang Mill in China to its joint venture partner, Shandong Huatai Paper. The transaction will not have any material impact on Stora…
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