Displaying items by tag: logistics

Friday, 21 March 2014 13:05

Tilbury launches London Paper Terminal

UK’s leading paper port invests in specialist terminal

The Port of Tilbury, one the UK’s largest ports, handling over 3 million tonnes of forest products, today announces the launch of London Paper Terminal (LPT). The terminal has already secured industry giants UPM, Sappi and Kotkamills.

london paper

The 36-acre terminal which is located within the port estate, includes 700,000 square feet of covered storage which is a centre of excellence for paper and packaging handling and is strategically located to offer rapid, easy access to the UK’s largest concentration of consumers.

As the largest paper handling port in the UK, the terminal can handle all sizes of customers as a shared user paper distribution centre. The terminal’s first key customers are paper giants UPM, Sappi and Kotkamills who use the new terminal as their UK base to distribute over 400,000 tonnes of product each year to their customers around the UK.

The launch of LPT comes on the back of a multimillion pound investment in the terminal by Forth Ports, the owners of The Port of Tilbury. The company has invested over £3.5million in the latest state of the art equipment including intelligent clamps for safe handling of paper rolls as well as liftec and reach-stacker equipment. Further investment has been made in IT systems to ensure the terminal has the latest paper handling technology.

Commenting on the investment Perry Glading, Chief Operating Officer at Forth Ports (owners of The Port of Tilbury) said: “We are focused on continual investment at the Port of Tilbury and as the UK's largest port for paper products it is essential that London Paper Terminal is equipped with the best technology systems and operational equipment to respond to our customers business requirements. LPT is a core part of our port operations and benefits from our unrivalled transport connections and portcentric opportunities as well as the terminal’s own dedicated berths, plant equipment, fleet of paper-handling vehicles and specialist staff. The branding of the Terminal ensures it is part of the Tilbury family which includes London Container Terminal and London Distribution Park.”    

Sam Stewart, Asset Manager at London Paper Terminal said: “We are proud of the facility we have created at London Paper Terminal. With the significant investment made in both equipment and IT systems along with our highly skilled workforce, LPT is a vital strategic link in the supply chain. We provide an expert service to clients including shipping lines, importers, merchants and distributors. Our new marketing materials showcase our exceptional facilities for suppliers and customers in the paper industry and highlights that we are open for new business.”

Commenting on the launch Jukka Holsa,  Director, Maritime and Port Network from UPM said: “The Port of Tilbury has been UPM’s key distribution base for 15 years and its location is key for our business. This investment in the new terminal is excellent news for our business and we are already seeing the benefits of the investments in both equipment and new technology.”

Daniel Thiemann, Logistics Process Leader from Sappi said: “The new London Paper Terminal is a natural home for our business in the UK and this investment by the port will further enhance the excellent service we receive from the team already.”

Juha Ottelin, Manager Logistics from Kotkamills said: “We have worked with the Port of Tilbury for some years now and this investment in the new London Paper Terminal will bring our business many benefits which is great news for our customers in the UK.”

London Paper Terminal offers major customers storage and distribution facilities and serves all the main trade routes for paper including Europe, Scandinavia, Russia and Baltic States, North America and South America. The terminal is fully prepared to handle a full range of paper-based products including newsprint, magazine and packing materials to palletised fine papers and pulp cargoes.

Additional Info

  • About

    About Forth Ports and The Port of Tilbury

    The Port of Tilbury is a significant part of the Forth Ports Group and also London’s major port providing fast, modern distribution services for the benefit of the South East of England.

    Tilbury’s strategic position on the Thames provides a major geographical advantage for transport to and out of London and the South‐East making its location the natural point for distribution. Serving the UK’s market for forest products, general cargo, vehicles, grain and other bulks, the port offers customers excellent transport links to and from the capital and across the South East. International supply chain expertise is the Port of Tilbury’s undoubted strength and makes the port a leader in portcentric logistics, providing solutions and helping to deliver significant savings. 

    The Port is a significant distribution centre, covering over 850 acres and is well positioned to access the M25 orbital motorway and the rest of the UK's national motorway network. In addition, there are direct rail connections within the Port, with access to the whole of the UK.

    The Port offers 34 operational Berths; Over 16 independent working terminals; Over 7.5 kilometres of quay; Over 500,000 square metres of warehouse space; Over 7 kms of road within port estate with excellent transport access; London’s only Cruise Ship Terminal.

    London Container Terminal (LCT) is the UK’s third largest container port and handles in excess of half a million containers per year, and is the only UK port truly servicing both deep sea and short sea customers. LCT has invested significantly in London Container Terminal, and continues to upgrade the site and equipment to integrate container handling across both the deep sea and short sea operations.

    London Distribution Park (LDP), a joint venture between Forth Ports and Roxhill Developments, received outline planning permission in 2012 and will bring more than 940,000 sq. ft. of new high-quality distribution facilities.

    London Paper Terminal (LPT) offers major customers storage and distribution facilities and serves all the main trade routes for paper including Europe, Scandinavia, Russia and Baltic States, North America and South America. The terminal is fully prepared for handling the full range of paper-based products including newsprint, magazine and packing materials to palletised fine papers and pulp cargoes.

    The Port is now recognised as Britain’s Greenest Port and has recently been nominated for a number of awards for the outstanding environmental initiatives which have been delivered over the past few years.

    Forth Ports operates seven further ports in Scotland ‐ Dundee on the River Tay and six ports on the Firth of Forth ‐ Leith, Grangemouth, Kirkcaldy, Methil, Burntisland and Rosyth. The Group also has significant property interests as well as a renewable energy division which is looking to gain planning approval for onshore wind installations and biomass facilities at a number of its ports in Scotland.

    www.forthports.co.uk     www.londoncontainerterminal.com     www.londondistributionpark.com

    About UPM: UPM is the world's leading producer of graphic papers and a supplier of a wide product range that includes magazine, newsprint, fine and speciality papers.

    About Sappi: Sappi is a global company with manufacturing operations on three continents, focused on providing dissolving wood pulp, paper pulp and paper based solutions. With innovation and quality recognised across the industry, from graphic papers to specialty and release papers. Sappi Fine Paper Europe has grown to become Europe’s leading producer of coated paper used in high-end print.

    About Kotkamills: Kotkamills is a forest products company based in Finland. The company specialises in laminating paper, matt coated bulky paper and sawn products. Kotkamills has two production plants in Finland and a subsidiary, L.P. Pacific Films Sdn. Bhd., in Malaysia – all of them ideally located for excellent customer service and logistics.

  • Contacts

    Debbie Johnston, Spreng & Co - 0141 548 5191 / debbie@sprengandco.com

Published in Logistics

Valmet deepens its over 20 year's cooperation with Pesmel along its latest business reorganization. According to the signed cooperation agreement, Pesmel will act in the future as Valmet's exclusive contract supplier in roll handling, packing, and storing technology. Pesmel will take full responsibility of Valmet's roll handling and packing systems, R&D, manufacturing, and system deliveries. Valmet will continue roll handling and packing systems sales as part of its project sales under the Valmet brand; and Pesmel will start the sales of Valmet products as part of its project sales through its own sales channels under the Pesmel brand.

roll handling

Pesmel's organization and current product portfolio matches well with Valmet's roll handling business. Pesmel's strong engineering resources will set a good basis for the development of Valmet OptiWrap product family in the future. "Pesmel's first roll handling deliveries with Valmet technology are already going on," says Valmet's Paper Mills Business Unit President Kari Nettamo. Along with the responsibilities, key resources have been transferred to Pesmel's payroll.

According to Pesmel's President and CEO Tony Leikas, both parties see the deepened cooperation as a unique chance to improve their market position. "Together these companies form the strongest player in roll handling business with a wide product portfolio. Contract supplying is expected to increase the paper segment business and to also create new prospects for the TransRoll® high rise storage concept."

Additional Info

  • About

    Pesmel Oy is an international expert in material handling. Company's highly automated handling, packing and storaging systems improve the internal logistics of the mills as well as the product quality. Pesmel's two main customer groups are metal and paper industry.

    During nearly four decades, Pesmel has delivered over 400 handling and packing projects and approximately 120 storage systems. The company employs over 150 professionals, of which abt. 100 are situated in Finland.

    Read more www.pesmel.com

    Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.

    Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.

    The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet's net sales in 2013 were approximately EUR 2.6 billion. Valmet's objective is to become the global champion in serving its customers.

    Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.

  • Contacts

    Further information, please contact:

    Tony Leikas, President and CEO, Pesmel Oy, tel. +358 20 700 9710

    Kari Nettamo, Paper Mills Business Unit, Valmet Corporation, tel. +358 40 759 4465

Published in Featured Articles

ip logo newInternational Paper (NYSE:IP) has announced that distribution solutions businesses xpedx and Unisource Worldwide, Inc. will merge under the terms of a definitive agreement that will result in the creation of a new publicly traded company. The agreements providing for the combination of the two businesses were signed by International Paper, parent company of xpedx, and by UWW Holdings LLC, the holding company that owns Unisource and is owned by an affiliate of Bain Capital and by Georgia-Pacific, as well as certain of their affiliates.

Upon the expected completion of the merger in mid-2014, which is subject to certain closing conditions, the new company will have projected annual revenue in the range of $9 billion to $10 billion, and will have about 9,500 team members across more than 170 distribution centers in North America.

"This transaction provides excellent value for International Paper shareholders and is a unique opportunity for xpedx and Unisource to create a new company that is stronger, more competitive and able to provide even greater value to customers," said John Faraci, chairman and chief executive officer of International Paper. "We anticipate the new company will generate synergies of about $200 million."

xpedxMary Laschinger, president, xpedx, and senior vice president, International Paper, said, "We're bringing together two well established distribution businesses to create a new company with the financial stability and strategic focus to strengthen and grow our core businesses. Combined, the new company will be even better positioned to provide the products, services and ideas to support our customers' businesses."

Transaction Details

The transaction will be accomplished through a Reverse Morris Trust structure.  International Paper will indirectly contribute the assets of xpedx to a newly formed wholly owned subsidiary, xpedx Holding Company, in exchange for the stock of the subsidiary, a cash payment of approximately $400 million expected to be financed with new debt in the new company's capital structure, as well as the potential for an additional cash payment pursuant to an "earn-out" provision described below.  International Paper will distribute shares of the new company to International Paper shareholders on a pro rata basis in a manner intended to be tax-free to International Paper and its shareholders. 

Following the spinoff of the new company to International Paper shareholders, Unisource will immediately merge with and into the new company. In connection with the merger, the shares of Unisource will be converted into a number of shares of the new company such that, following the merger, approximately 51 percent of the shares of the new public company will be owned by International Paper shareholders, with the remaining approximately 49 percent of shares held by UWW Holdings. The shares of the new company to be received by International Paper shareholders in the distribution will be registered with the Securities and Exchange Commission. The new company intends to apply to list its shares for trading on the New York Stock Exchange. UWW Holdings may request to register its shares of the new company with the SEC for resale beginning 180 days following the closing of the merger, pursuant to the terms of a Registration Rights Agreement to be entered into between the new company and UWW Holdings.

In connection with the spinoff, the new company will prepare and file with the SEC a registration statement registering the shares to be distributed to International Paper's stockholders and containing information about the spinoff and the merger. The company expects to file the initial registration statement to start the SEC review process in the coming weeks.

To finance the cash payment to International Paper and refinance existing debt of Unisource, the new company has entered into a commitment with three banks for $1.4 billion of asset-backed financing. The new company's target debt-to-EBITDA ratio is expected to be in the range of 4-5. The new company will be well positioned to generate solid cash flow for operations and reinvestment in the business while adequately servicing its debt.

In the sixth year following closing, International Paper will have the right to receive a one-time payment of up to $100 million in cash as an "earn-out." The earn-out amount will be calculated based upon the extent to which actual EBITDA of the new company in the third, fourth and fifth years following the closing exceed an agreed-upon target. 

The new company's executive offices will be located in the greater Atlanta area. In addition, the new company will retain the two existing operational headquarters of the legacy companies in Loveland, Ohio, and Norcross, Ga.

Leadership & Governance

Mary Laschinger will be the chief executive officer of the new company and chairman of its board of directors. Allan Dragone, currently president and CEO, Unisource Worldwide, will serve as a director of the new company and will advise on integration activities. The other directors will be:

  • Lead Director William E. Mitchell, retired chairman and chief executive officer, Arrow Electronics, Inc. and founder of Sequel Capital Management, LLC
  • Daniel T. Henry, retired executive vice president and chief financial officer, American Express
  • Tracy Leinbach, retired executive vice president and CFO, Ryder System, Inc.
  • John Zillmer, retired chairman, president and chief executive officer, Univar, Inc.
  • Michael Muldowney, former CFO and interim CEO of Houghton Mifflin Harcourt Publishing Co., and founder and CEO of Foxford Capital, LLC
  • Charles G. Ward, partner, Perella Weinberg Partners, and former president of Lazard Ltd.
  • Seth Meisel, managing director, Bain Capital

SOURCE International Paper

Additional Info

  • About

    About International Paper

    International Paper (NYSE: IP) is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging and uncoated papers. Headquartered in Memphis, Tenn., the company employs approximately 70,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2012 were $28 billion.  For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.

    xpedx Cincinnati, Ohio-based xpedx, a business of International Paper (NYSE: IP), is one of the largest business-to-business distribution companies in North America. xpedx distributes a wide variety of printing, packaging, and facility supplies and equipment to printers, manufacturers, retailers and commercial facilities from locations across North America. For more information about xpedx, its business segments and stewardship efforts visit www.xpedx.com

  • Contacts

    Investors: Jay Royalty, 901-419-1731; Michele Vargas, 901-419-7287

Published in Logistics

With demand for lumber being in recovery mode in a number of countries in the world in 2013, global trade of both lumber and logs were on track to reach their highest levels since before the global financial crisis in 2008, reports the Wood Resource Quarterly. The biggest increases in overseas lumber trade have been from Canada to China and from the Nordic countries to Japan.

2014-01-27 083539Seattle, USA. Global trade of both logs and softwood lumber was higher in 2013 than it was in 2012 with both products reaching their highest levels traded since before the global financial crises in 2008, as reported in the Wood Resource Quarterly (WRQ). The total value that was traded in 2013 was estimated to be over 50 billion dollars (based on data for the period January-October), with almost two-thirds of the value being that of softwood products. Although shipments of logs have increased faster than shipments of lumber the past five years, the total value of traded lumber is still more than double that of logs.

Softwood lumber is, by far the most commonly shipped wood product worldwide and the US continues to be the major destination for internationally traded lumber, with Canada currently supplying almost 96% of all imports to the country. Lumber shipped by break-bulk vessels or by container ships accounted for more than half of the total volume of lumber traded in the world in 2013. The largest overseas trade flows were between Canada and Asia, followed by shipments from Sweden to the United Kingdom and Northern Africa (see detailed trade data in the latest issue of the WRQ).

The biggest changes in overseas lumber trade in 2013 have been a continued increase in exports from the Nordic countries to Asia (mainly Japan) and from North America (mainly Canada) to China, while there has been a decline in trade within Europe and in shipments from most supplying countries to Northern Africa, according to the WRQ (www.woodprices.com). The unrest and uncertain political situation in Egypt has left supplying sawmills searching for alternative markets and many lumber companies in Europe and Russia have found new opportunities for increased sales in Asia over the past 12 months.

There has been an unprecedented increase in demand for softwood lumber in Asia the past few years, with the three major importing countries: Japan, China and South Korea together importing more than twice as much lumber in 2013 as compared to five years ago.

With a strengthening lumber market in the US it is likely that Canadian sawmills in the western provinces may redirect some of their current shipments that are currently going to Asia into the American market in the coming year. As a consequence, opportunities would rise for European and Latin American lumber producers to expand exportation to both Japan and China.

Additional Info

  • About

    Global sawlog, pulpwood and timber market reporting is included in the 52-page quarterly publication Wood Resource Quarterly (WRQ). The report, established in 1988 and with subscribers in over 30 countries, tracks sawlog, pulpwood, lumber and pellet prices, trade and market developments in most key regions around the world. To download a sample copy of the WRQ, please go to www.woodprices.com

  • Contacts

    Contact Information

    Wood Resources International LLC

    Hakan Ekstrom



Published in Logistics
Friday, 13 December 2013 09:37

Follow-up order for carton-, flat sorting

VITRONIC Machine Vision LTD is proud to announce it has been awarded a multi-million dollar contract to automate the manual processing of flats and small parcels from a large parcel and post customer.

vitronic logistics ppwUnder the terms of the contract, VITRONIC Machine Vision LTD, will provide over 2,000 VICAMsnap! camera units to be deployed in early 2014 for their facilities throughout the United States. This will bring VITRONIC's fielded units for this customer to 3,000 units for this program.

The camera systems will provide scanning and barcode decoding for all customer specific linear and 2-dimensional codes (PostNet™, Planet Code®, Datamatrix, PDF-417 and Intelligent Mail® Barcodes), provide image capture and archiving routines, and allow the customer to provide additional tracking capabilities throughout their network. The VITRONIC VICAMsnap! solution replaces a previous multi-step process and will allow faster manual sorting and throughput efficiency along with providing improved tracking visibility enhancing the customer experience.

“We are pleased to continue our relationship and this program continuation is a direct result of a successful roll out in 2013 and is based on the performance, ease of installation and in the overall improvements in operational efficiencies. Our solution allows our customers to take advantage of the latest innovative technology in the market today. There is no product like the VICAMsnap! in the market today and we are proud of our successes", stated Michael Schindler, VITRONIC Machine Vision LTD’s president of North American operations.

The VITRONIC VICAMsnap! is a compact, lightweight camera-based solution that packs performance into a robust design. It is equipped with white illumination which allows for the reading and decoding of colored barcodes and provides more effective reading of damaged or poorly printed barcodes on colored backgrounds. The VITRONIC VICAMsnap! provides a 12x10 inch width of field and 16 inch depth of field (read area 310mm x 260mm x 300mm) to allow operators to immediately capture all 1D and 2D barcodes present on parcels, flats and boxes.
A target illumination on the package allows the operator to quickly find the scan zone and process the items being scanned. The VICAMsnap!provides immediate feedback to the operator through audible tones and configurable voice commands. It features visual red and green go/no go LED flash indicators directly on the items being scanned, allowing the operator to process the item even in noisy industrial environments. This innovative approach with audible and visual operator feedback also provides 508 compliance features. The system is equipped with a powerful processing unit that provides more than just barcode reading; it allows image capture/archiving and complex processing routines completed in real time. Images can be compressed, binarized, pre-processed for OCR and transmitted via Gigabit Ethernet to a host server for further processing or offline archiving purposes.

The VICAMsnap! camera is an advanced information and image acquisition system designed for manual and automated pro-cessing in the material handling, warehousing, parcel/post, distribution and manufacturing industries.

Additional Info

  • About

    VITRONIC Machine Vision Ltd, a subsidiary of VITRONIC GmbH in Germany, is located in Louisville, KY. VITRONIC are international leaders in the packaging vision technology market. VITRONIC specializes in providing advanced technological solutions to a broad range of markets, such as logistics, traffic technology, and industrial automation. Its products incorporate the latest in machine vision equipment and software to resolve a wide range of issues. In a busy warehouse or post depot, maintaining control of what parcels are going in and out is essential, VIPAC is VITRONIC’s answer. It comprises a system that utilizes extensive image processing, to provide a state-of-the-art solution for multi-sided object identification. Offering a unrivaled read rate and much faster than conventional technologies, it makes parcel tracking easy.

  • Contacts

    Birgit Löschner
    Tel: +49 (0)611 – 7152 - 261

    VITRONIC Dr.-Ing. Stein
    Bildverarbeitungssysteme GmbH
    Hasengartenstr. 14
    65189 Wiesbaden, Germany
    Tel: +49 (0)611 – 7152 - 0
    Fax: +49 (0)611 – 7152 - 133

Published in Logistics
Wednesday, 20 November 2013 11:06

Verbrugge forms partnership with iCON Infrastructure

Verbrugge International N.V. (‘Verbrugge’), a leading owner and operator of bulk and break-bulk port terminals and related logistics businesses based in the Netherlands, has agreed to enter into a strategic partnership with iCON Infrastructure pursuant to which iCON Infrastructure Partners II, L.P. (‘iCON II’) will become a 32% shareholder in Verbrugge.

“Verbrugge has grown significantly in recent years on the back of a substantial investment programme. We are very pleased to form a partnership with Martin Verbrugge and look forward to working together with Martin and the high quality team at Verbrugge.”

Martin Verbrugge will continue to be the majority owner of Verbrugge and iCON II will be providing substantial new funding to Verbrugge to support the company’s further growth and development. There will be no changes to Verbrugge’s strong executive management team and dedicated workforce.

port ppw

Verbrugge’s business consists of four tri-modal port terminals located in Terneuzen, Vlissingen and Zeebrugge on the Scheldt Estuary, together with ancillary warehousing, marine and logistics businesses. Key products handled by Verbrugge include pulp and paper, fertilizers, minerals, steel and various metals.

Verbrugge operates on a land area of 277 hectares with 4.8 km of quay and over 1 million square metres of warehouses. Clients of Verbrugge benefit from proximity of the terminals to major shipping lanes, deep draft, well invested assets and good connections to the hinterland.

Martin Verbrugge, President and CEO of Verbrugge International, commented:

“We are delighted to welcome iCON Infrastructure as an important partner for Verbrugge. With iCON Infrastructure’s support, Verbrugge is well positioned to pursue opportunities for further growth in the coming years for the benefit of the company and all of its stakeholders”

Iain Macleod, Managing Partner of iCON Infrastructure, commented:

“Verbrugge has grown significantly in recent years on the back of a substantial investment programme. We are very pleased to form a partnership with Martin Verbrugge and look forward to working together with Martin and the high quality team at Verbrugge.”

Additional Info

  • About

    iCON Infrastructure LLP (‘iCON Infrastructure’) is an independent investment firm focused on investments in core infrastructure across Europe and North America. Investments owned by iCON Infrastructure’s funds include interests in The Porterbrook Partnership, CLH, Mountaineer Gas Company and Beckton Energy. iCON II is iCON Infrastructure’s second fund and investment partners include globally recognised pension funds, asset managers and insurance companies. iCON Infrastructure is regulated by the Financial Conduct Authority. Further information is available at: www.iconinfrastructure.com.

  • Contacts

    For further information, please contact:
    Iain Macleod, Managing Partner
    iCON Infrastructure
    t: +44-(0)-20-3178-4960
    e: iain.macleod@iconinfrastructure.com
    Martin Verbrugge, President and CEO
    Verbrugge International
    t: +31-(115)-646-330
    e: martin.verbrugge@verbrugge.nl

Published in European News

catalyst logoThe City of Alberni's purchase of Catalyst's wastewater treatment facility and additional lands completed as scheduled on September 30th, 2013 in accordance with the formal agreements endorsed by Council for the City and Catalyst. To mark the successful close of the transaction the presentation of a cheque representing the initial payment of $5 million will be presented by Mayor John Douglas to Catalyst CEO Joe Nemeth, at Port Alberni's Catalyst mill site on October 2nd, 2013. The remaining $750,000 will be payable on the first anniversary of the closing date.

With the agreements in place the City will now finalize and be eligible to draw on the $11.2 million grant provided by the federal government in 2012 to integrate Catalyst's lagoon with the City's wastewater treatment infrastructure and improve the City's compliance with the BC Municipal Sewage Regulations and new Federal Regulations.

As part of the agreement, Catalyst has committed to accept sludge from the lagoon at no additional cost to the City prior to renovations beginning.  As well, the City will provide tax certainty to Catalyst at 2012 levels for five years.

Also included with the agreement are land and a road dedication to enable the City to pursue the development of an industrial road along the waterfront.  The acquired land runs from the Redford Street entrance to the Catalyst Paper mill to the existing Harbour Road intersection with Argyle Street.

Mayor John Douglas acknowledged the cooperative efforts between the City and Catalyst in reaching this agreement and said "this is a major step forward for the City in reaching key strategic priorities identified by Council.  Our wastewater treatment system will receive significant upgrades increasing capacity and improving water quality in the Alberni Harbour and Somass Estuary".  He further added "a new industrial road has been a priority for the community for many years and I am excited by the opportunities this brings to increase the livability of our City".

"We are pleased to arrive at the final stages of this jointly beneficial agreement," says Catalyst President and CEO Joe Nemeth. "This transaction represents a mutual investment in community prosperity and continued cooperation between community and our industry. It addresses the City's need for infrastructure while enabling Catalyst to focus on core operations."

In attendance at the cheque presentation on October 2nd at 3 p.m. on-site at Catalyst's mill will be City of Port Alberni Mayor, John Douglas and members of City Council; City Manager, Ken Watson; Catalyst President and CEO Joe Nemeth; Catalyst General Counsel David Adderley and Catalyst Port Alberni mill General Manager Fred Chinn.

SOURCE: Catalyst Paper Corporation

Additional Info

  • About

    Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With three mills in British Columbia, Catalyst has a combined annual product capacity of 1.5 million tonnes. The company is headquartered in Richmond, British Columbia and its common shares trade on the Toronto Exchange under the symbol CYT. Catalyst Paper is ranked by Corporate Knights Inc. as one of the 50 Best Corporate Citizens in Canada.

  • Contacts

    For further information:

    Mayor John Douglas
    City of Port Alberni

    Ken Watson, City Manager
    City of Port Alberni

    Lyn Brown, Vice President Marketing &
    Corporate Responsibility
    Catalyst Paper

    Fred Chinn, General Manager,
    Port Alberni Division
    Catalyst Paper

    Brian Baarda, Vice President, Finance &
    Chief Financial Officer
    Catalyst Paper

Published in Canadian News