Stora Enso has today successfully tapped its two five-year bonds due in June 2017. Both bonds are issued under Stora Enso’s EMTN (Euro Medium Term Note) programme.

The SEK 1 350 million bond that pays a floating coupon of three-month Stibor plus 390 basis points was tapped with SEK 850 million of new notes issued with a yield of Stibor + 3.70% at a price of 100.866. The settlement date of the transaction is 3 September 2012. Following the tap, a total of SEK 2 200 million of the bond is outstanding.

The SEK 350 million 5.75% fixed coupon bond was tapped with SEK 150 million of new notes issued with a 5.57% yield at a price of 100.719. The settlement date of the transaction is 3 September 2012. Following the tap, a total of SEK 500 million of the bond is outstanding.

Sole arranger and bookrunner for these transactions was Skandinaviska Enskilda Banken AB (publ) (SEB).

“The tap was made to strengthen Stora Enso’s liquidity even further. We last issued Swedish krona bonds in June 2012, and we have now decided to benefit from the continuing strong demand from Swedish investors,” says Jyrki Tammivuori, SVP, Group Treasurer.

Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has acquired Gamajet Cleaning Systems, Inc., a leading provider of tank cleaning machines as well as self-contained and portable cleaning systems for the industrial and sanitary markets in North America. Gamajet, which had sales of approximately SEK 75 million in 2011 and some 30 employees is headquartered in Exton, Pennsylvania.

Lars Renström, President and CEO of the Alfa Laval Group, comments on the acquisition: “We have built the leading position within tank cleaning equipment over the past 10 years. Gamajet fits very well with our ambitions and it expands our product portfolio. It will especially extend our offer to the industrial market and also strengthen our position in North America.”

Gamajet Cleaning Systems will be integrated into Alfa Laval. The company will be consolidated from August 23, 2012.

Did you know that… Alfa Laval took the first step to build its tank cleaning business in 2003 by acquiring the Danish company Toftejorg? Today the tank cleaning business represents about SEK 300 million, including Gamajet Cleaning Systems.

SCA's current General Counsel, Anders Nyberg, will be leaving the company for a new position as Executive Vice President in charge of corporate governance and legal affairs for AB Industrivärden.

"Anders Nyberg has served for SCA for 24 years in a wide range of senior positions," comments SCA's President and CEO, Jan Johansson. "With his solid background in the legal profession, experience in international business and partners, he has contributed valuable experience, professionalism and knowledge to our company. I wish him the best in his new assignment. His successor, Mikael Schmidt, has an extensive and wide record of experience in international business and firm knowledge about our business."

Mikael Schmidt, 52, joined the SCA Group in 1992 and served most recently as head of Legal Affairs in Brussels for the Packaging operation, which was recently divested.

In his role as General Counsel, Mikael Schmidt will be a member of SCA's Corporate Senior Management Team and will report to the CEO.

The appointments take effect on October 1, 2012.

Source: SCA

Buckeye Technologies Inc. (NYSE:BKI) has announced that Mr. Shannon A. Brown has been elected to serve as a member of the Company’s Board of Directors effective August 24, 2012. Mr. Brown is elected to serve the unexpired term of former Board member Kristopher J. Matula, who resigned from the Board on August 7. The election of Mr. Brown increases the number of independent Directors from seven to eight.

Mr. Brown is Senior Vice President/Chief Human Resources and Diversity Officer for FedEx Express, a subsidiary of FedEx Corporation. In that position - which he has held since 2008 - Mr. Brown is the Company’s senior human resources executive, with responsibility for providing strategic direction for all global human resources practices, policies and operations. Prior to his current role at FedEx Express, Mr. Brown served as senior vice president of human resources for FedEx Ground.

Mr. Brown earned his undergraduate degree from National Louis University in Evanston, Illinois and holds a Master of Science in Intermodal Transportation from the University of Denver. He is active in numerous national civic and professional organizations, having served on The University of Denver’s Board of Directors of the Intermodal Transportation Institute; the Board of Trustees of National Louis University; and on the March of Dimes Board of Trustees. He was the 2010 General Campaign Chairman for United Way of the Mid-South and currently is the Chair Elect of the United Way of the MidSouth.

Buckeye Chairman John B. Crowe stated, “We are pleased that Mr. Brown has agreed to join the Buckeye Board of Directors. He brings a wealth of knowledge and experience, and we feel he will be a valuable contributor to our Company’s future success.”

Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) has announced that its paper mill in Dolbeau-Mistassini (Québec) is to resume operations. This decision follows the receipt of a notice of acceptance of the tender regarding the sale of electricity to be produced at the Company's Mistassini cogeneration facility to Hydro-Québec. The restart of operations represents an investment of $20 million.

Production of soft nip calendered (SNC and SCB) commercial printing paper will resume as soon as the recall of employees is completed. The restart of the mill will provide direct employment for approximately 135 workers.

"We spared no effort to relaunch the Dolbeau mill because it is a good investment," stated Richard Garneau, President and Chief Executive Officer of Resolute, who was in the Lac-Saint-Jean region to confirm the news. "With today's announcement, Resolute will be more competitive than ever."

The Company is currently assessing its network of paper mills to ensure that production continues to be balanced.

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Cautionary Statements Regarding Forward-Looking Information
Statements in this press release that are not reported financial results or other historical information of Resolute Forest Products Inc. are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and may be identified by the use of forward-looking terminology such as the words "should", "would", "could", "will", "may", "expect", "believe", "anticipate", "attempt", "project" and other terms with similar meaning indicating possible future events or potential impact on Resolute's business or shareholders.

The reader is cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future performance. These statements are based on management's current assumptions, beliefs and expectations, all of which involve a number of business risks and uncertainties that could cause actual results to differ materially. The potential risks and uncertainties that could cause Resolute's actual future financial condition, results of operations and performance to differ materially from those expressed or implied in this press release include, but are not limited to, the possibility of unexpected developments associated with the mill's reopening or its subsequent operation, and all other potential risks and uncertainties set forth under the heading "Risk Factors" in Part I, Item 1A of Resolute's annual report on Form 10-K for the year ended December 31, 2011, filed with the SEC and Resolute's other filings with the Canadian securities regulatory authorities.

All forward-looking statements in this press release are expressly qualified by the cautionary statements contained or referred to above and in Resolute's other filings with the SEC and the Canadian securities regulatory authorities. Resolute disclaims any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: RESOLUTE FOREST PRODUCTS INC.

Alexis Fries, who was appointed as President and CEO of Pöyry PLC on 13 June 2012, will take up his position on 1 September 2012.

The new compositions of Pöyry's Board Committees, as announced on 21 June 2012, will come effective on 1 September 2012.

Pöyry is a global consulting and engineering company dedicated to balanced sustainability and responsible business.

With quality and integrity at our core, we deliver best-in-class management consulting, total solutions, and design and supervision. Our in-depth expertise extends to the fields of energy, industry, transportation, water, environment and real estate.

Minerals Technologies Inc., has announced  that it has signed a commercial agreement with Mondi S.A., a division  of the Mondi Group, to provide Fulfill(TM) E-325, a new, high-filler technology, at the paper company's Merebank paper mill in Durban, South Africa. This is the second commercial agreement with an affiliate of the Mondi Group; the first was with their paper mill at Ruzomberok, Slovakia, which was signed in July.

Unique High-Filler Technology Provides Significant Cost Savings in Reduced Fiber Consumption by Increasing PCC Filler Usage

Minerals Technologies now has 10 agreements with paper mills that have adopted the Fulfill(TM) E-325 technology that the company introduced in late 2010. These agreements confirm the commercial progress of the Fulfill(TM) brand, a portfolio of high-filler technologies that offers papermakers a variety of efficient, flexible solutions that decreases dependency on natural fiber and reduces costs. The Fulfill(TM) E-325 series allows papermakers to increase loading levels of precipitated calcium carbonate (PCC), which replaces higher cost pulp, and increases PCC usage without compromising product quality or performance.

"We are very pleased that this fine papermaker has adopted our new FulFill(TM) technology at another of its major papermaking facilities, which will allow them to produce quality paper at lower cost," said Joseph C. Muscari, chairman and chief executive officer of Minerals Technologies. "The 10 commercial agreements we now have with papermakers around the world reaffirms the revitalization of our new product pipeline and of our commitment to advance our technology leadership throughout our global satellite network." 

The Mondi Group's key operations are located in central Europe, Russia and South Africa. The company employees 23,400 people across 28 countries worldwide. The Mondi Merebank Mill in Durban, South Africa, produces a range of office papers including the premium South African brand, Mondi Rotatrim. Minerals Technologies has operated a satellite at the Merebank mill since October 1997.

PCC is a specialty pigment for filling and coating high-quality paper. By substituting Minerals Technologies' PCC for more expensive wood fiber, customers are able to produce brighter, higher quality paper at lower cost. In 1986, Minerals Technologies originated the satellite concept for making and delivering PCC on-site at paper mills and the concept was a major factor in revolutionizing papermaking in North America. Today, the company has 56 satellite plants in operation or under construction around the world and continues to lead the industry with consistent quality and technical innovation.

International technology Group ANDRITZ has received an order to supply a raw material preparation system for a new MDF production line being built by LLC Kastamonu Integrated Wood Industry, Russian Federation, a subsidiary of Kastamonu Integrated Wood Industry, Turkey. Start-up is scheduled for the third quarter of 2013.

ANDRITZ’s scope of supply includes the debarking (RotaBarker), chipping, and screening equipment as well as a pressurized refining system with a design capacity of approximately 1,440 t/d.

Kastamonu Integrated Wood Industry is a leading supplier of high-quality MDF and particle boards for the furniture and building industry (for example laminate flooring, skirtings, doorskin, or honeycomb board) with an annual production capacity of 3.5 million m3.