Pulp-Paperworld.com / American News
International Paper has announced that it has closed the sale of 163,000 acres under contract with Figure 8 Partners, LP, an affiliate of Rock Creek Capital (the "Partnership"). The total consideration of $199 million includes $160 million in cash and…
AbitibiBowater is pleased to announce that the Quebec Superior Court today rendered an order sanctioning the Company's plan of reorganization under the Canadian Companies' Creditors Arrangement Act (CCAA). As previously announced, on September 14 and 21, 2010, respectively, the Company…
Verso Paper Corp. was presented the Sustainable Forestry Initiative(R) (SFI) President's Award for its partnership efforts to promote sustainable forest management principles and initiatives in Maine. "Verso is proud to be recognized by SFI for our efforts to increase the…
Gardner Denver, Inc. has announced the appointment of Michael M. Larsen as Vice President and Chief Financial Officer, effective October 11, 2010. Mr. Larsen succeeds Helen W. Cornell, who has served in this capacity since 2004 and previously advised the…
Nine senators, 10 House members, and one governor are slated to appear at today's U.S. International Trade Commission hearing on the anti-dumping case against Asian paper companies. The agenda doesn't state whether the politicians will be speaking or which side…
Clearwater Paper Corporation has announced it has agreed to acquire Cellu Tissue Holdings, Inc., an Alpharetta, GA-based integrated manufacturer of tissue products, for approximately $502 million, including equity value of approximately $247 million and net debt of approximately $255 million.…
Company is One of Only Two U.S. Packaging Companies Listed on DJSI World in 2010/2011 Sonoco announced that for the second year in a row it has been selected to join the Dow Jones Sustainability World Index (DJSI World). DJSI…
AbitibiBowater's chief executive has defended the company's decision to reward 50 executives with a combined $6 million in bonuses for their work on restructuring the newspaper giant, the Canadian Press reports. Union leaders at the insolvent Montreal-based paper maker have…
AbitibiBowater is pleased to announce that the Company has received approval for its plan of reorganization from unsecured creditors under the Companies' Creditors Arrangement Act (CCAA) in Canada. The plan of reorganization received overwhelming support from its unsecured creditors both…
NewPage Corporation has announced the upload of a new "On Paper" sustainability series podcast featuring Anders Hildeman of IKEA. As global forestry manager for IKEA, Hildeman discusses the importance of responsible forestry management and the role IKEA plays through numerous…
The United Steelworkers, which vociferously supported black liquor tax credits for U.S. pulp mills, suddenly seems to have decided that renewable-energy subsidies are not such a good idea. In a case of One Person's (or Country's) Jobs and Energy Program…
Tuesday, 14 September 2010 08:31

Is Bankruptcy Inevitable for NewPage

Despite growing market share and rising prices for its products, NewPage is having to fend off a leading analyst’s assessment that it is destined for bankruptcy court. “Bankruptcy/restructuring is inevitable for the company, as it will never generate enough cash…
Metso will perform service and restoration of one recovery boiler at Arauco pulp mill for Celulosa Arauco y Constitucíon S. A. The boiler was damaged during the earthquake eruption in Chile in February 2010. The total value of the order…
Wednesday, 08 September 2010 14:00

Verso Paper Corp. Launches Facebook Page

Verso Paper Corp. has announced the launch of its corporate Facebook page with an initial focus on increasing the reach of the company's college recruiting initiatives. The Verso Paper Corp. Facebook page will provide potential college recruits with the company's…
Michelman has introduced Michem® Flex P1883, a water-based extrusion primer that provides strong adhesion to aluminum foil and paper, bonds well to extrusion coated resins, and protects foil from corrosion. It provides excellent chemical resistance to water, many acids and…