Displaying items by tag: production

Catalyst Paper announced that it will restart the second line of pulp production at its Crofton NBSK kraft mill in early May, taking advantage of a stronger market. The first line of pulp production was restarted in October 2009 following a seven-month curtailment of the entire kraft mill due to weak pulp demand and pricing.

“We have adequate fibre supply and sales to support the additional volume which allows us to take advantage of the current uptick in pricing,” said Richard Garneau, president and chief executive officer. “We’ll run as long as the economics are positive and will be keeping a very close watch on the order file and inventory levels.”

Restart of Crofton’s second line of production will add 165,000 tonnes of pulp capacity on an annualized basis. All Crofton pulp mill employees who are currently on layoff will be recalled.

Catalyst Paper manufactures diverse specialty printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With six facilities located in British Columbia and Arizona, Catalyst has a combined annual production capacity of 2.5 million tonnes. The company is headquartered in Richmond, British Columbia, Canada and its common shares trade on the Toronto Stock Exchange under the symbol CTL. Catalyst is listed on the Jantzi Social Index® and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

For more information:

Lyn Brown
Vice-President, Corporate Relations
604-247-4713

The Mayr-Melnhof Group managed to hold its ground in the financial year 2009, despite the continuing global recession which affected the cartonboard and folding carton industries with high volatility in the customers' demand behavior. Due to a considerable decline, particularly in variable costs, we managed to improve our results in comparison to last year's figures, despite reduced sales.

Both cartonboard production and processing were responsible for the improved earning power of the Group. The generation of a high cash flow reinforced the stable high equity financing power of the MM Group, thus facilitating dividends at last year's level.

Annual Results 2009
Operating profit +9.5 %
Profit for the year of EUR 97.4 million above previous year
Dividend at 1.70 EUR / share maintained at last year's level
Start 2010:
Good capacity utilization since the beginning of the year
Sharp increase of recovered paper prices

To see the full results follow the download link below.