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Rayonier Scheduled to Release First Quarter Earnings on April 24
Rayonier Inc. plans to release its first quarter 2012 earnings on Tuesday, April 24, 2012, before the market opens.
Rayonier will host a conference call and live webcast at 2 p.m. EDT the same day to discuss these results. Supplemental materials and access to the live webcast will be available at www.rayonier.com. A replay of this webcast will be archived on the company’s website shortly after the call.
Investors may listen to the conference call by dialing 888-790-3052, passcode: Rayonier. It is suggested that you call 10-15 minutes prior to the start of the teleconference. A replay of the teleconference will be available one hour after the call ends until 11 p.m. EDT onTuesday, May 1. The replay number is 866-417-5768, passcode: 5631.
Source: Rayonier Inc.
Gardner Denver Announces Key Leadership Changes
Gardner Denver, Inc. has announced the appointment of Brian L. Cunkelman, age 43, as Vice President, Gardner Denver, Inc. and President, Industrial Products Group (IPG), effective immediately.
Mr. Cunkelman joined Gardner Denver in 2010 as Vice President, IPG Americas, and was promoted in 2011 to his current role as Vice President and General Manager for Emco Wheaton, a division of Gardner Denver, headquartered in Germany. In his new role, Mr. Cunkelman will remain based in Europe, which represents a substantial portion of IPG's global operations.
Previously, Mr. Cunkelman was Vice President of the Engineering Solutions business unit for Dell Corporation, and spent more than 17 years with Wabtec Corporation in a variety of operational and business leadership roles of increasing responsibility. These roles included Product Development, Operations Management, International Business Development, and Aftermarket Development. Brian holds a Bachelor of Science degree in Mechanical Engineering from Brown University and has extensive experience in implementing Lean principles.
"I am very pleased to announce Brian's promotion to the President of the Industrial Products Group," said Barry L. Pennypacker, Gardner Denver's President and Chief Executive Officer. "Brian has a proven track record of generating strong results in previous businesses and his recent experience managing the IPG Americas business makes him a great fit for this role as we continue to execute on our five point growth strategy. Brian's in-depth knowledge of the Gardner Denver Way will enable us to continue to drive innovation and velocity throughout the global IPG enterprise."
Concurrently, Gardner Denver, Inc. today announced the retirement of T. Duane Morgan, age 62, effective May 1, 2012. Mr. Morgan is currently Vice President, Gardner Denver, Inc. and President, Engineered Products Group (EPG). He joined the Company as Vice President and General Manager of the Gardner Denver Fluid Transfer Division in 2005.
"I thank Duane for his strong leadership over the past seven years," said Mr. Pennypacker. "Duane has made tremendous contributions to organic growth and margin expansion within the EPG business. In addition, Duane has helped us prepare and build a strong bench of talented leaders, which will allow for a smooth transition with regards to his planned retirement."
With Mr. Morgan's retirement, the General Managers for Gardner Denver's Petroleum and Industrial Pumps, Thomas, and Nash divisions in EPG will report directly to Mr. Pennypacker.
Outotec publishes its sustainability report 2011
Outotec has published its sustainability report 2011, which is the company's second report based on Global Reporting Initiative (GRI) guidelines. The report conforms to Application Level B+ and is third-party assured by Ecobio Ltd. The report describes Outotec's approach to sustainability, performance and achievements in 2011 as well as future targets and is an update of the 2010 report. Key achievements include new global health and safety reporting, more detailed social data and high proportion of Environmental Goods and Services (EGS) in 2011 order intake.
"Outotec's most significant impact on sustainability occurs indirectly through our customers' operations. With eco-efficient solutions, it is possible to reduce the environmental impact of the industry, at the same time increasing welfare. The annual emissions avoided by the metallurgical industry through use of five Outotec technologies amounted to 4.8 million tonnes of CO2 equivalency in 2011. I am very proud that as much as 87 percent of our order intake for 2011 was categorized as Environmental Goods and Services under the OECD classification. I am also pleased that in 2011 we progressed well in many other areas of our sustainability agenda. We intend to further improve our performance and reporting and thus demonstrate our commitment to good governance, responsible business practices and transparency", says Outotec CEO Pertti Korhonen.
The report is available at www.outotec.com/sustainability in English.
SCA continues to be in the FTSE4Good Index
SCA continues to be a member company of the global sustainability index FTSE4Good for the 12th consecutive year, which confirms that SCA delivers on its ambitious sustainability agenda. This year, SCA received 99 points out of 100 possible in FTSE4Good’s rating system for index inclusion.
”In SCA, sustainability is an integral part of our business strategy and worldwide operations. Our high score on the FTSE4Good Index is an inspiration for us and reinforces our conviction that long-term sustainability work creates value for all our stakeholders. And our recently launched, additional sustainability targets, which take into account people as well as nature targets, raise the bar going forward,” says Kersti Strandqvist, Senior Vice President, Corporate Sustainability.
The FTSE4Good Index Series was launched in 2001 by FTSE Group, the award-winning global index provider, with the aim of objectively measuring the performance of companies that meet globally recognized corporate responsibility standards.
Read more about SCA’s sustainability work at www.sca.com/sustainability
Two Sides, Paper and Donna Moderna
On the weekly issue of Donna Moderna currently at the newsagents' (no.14 of April 4th) readers will find as an attachment the "Carta e Stampa: Luoghi Comuni e Realtà (Print and Paper: Myths and Facts)" brochure.
The brochure is an idea of Two Sides Italia- Il lato verde della carta - the Italian branch of 'Two Sides' - an initiative by companies from the Graphic Communications Supply Chain to promote the responsible production and use of print and paper. The brochure has been produced thanks to the collaboration ofMondadori, Burgo and Arvato Arti Grafiche who supplied their services for free, with the aim to spread and increase the readers' sensitivity on the relationship between paper and print and environmental responsibility.
"Print and Paper: Myths and Facts" is printed on the par excellence green paper produced by Burgo: Respecta 100 in the gloss finish, 115 gsm. Respecta 100 is in fact an ecological fine paper with FSC® recycled credit certification, with a fibre recycled content up to 100%. An external beauty: thanks to the use of recycled fibre, for the most part obtained from selected recycled office paper, Respecta 100 is a very bright paper with excellent printing performances. An even inner beauty: the FSC® recycled credit certification guarantees that fibres are 100% recycled and comply with responsible principles from the environmental, economic and social standpoints.
Donna Moderna, published by Mondadori, is the Italian leading woman's weekly magazine, founded in 1988 it has an average circulation of over 380,000 copies.
Nuovo Istituto Italiano d'Arti Grafiche, one of the most important printing companies in Italy and in Europe, was founded in 1873 as a publishing house of art books and calendars and grew to become one of the most important European printers. Arvato is present in Italy with the following companies: Nuovo Istituto Italiano d'Arti Grafiche, Eurogravure, Arti Grafiche Johnson, Distriberg and Arvato Service.
Burgo Respecta, true beauty is born within: coated fine paper, FSC®certified and with a fibre recycled content up to 100%.
Ahlstrom's ownership in Jujo Thermal to increase to 50%
Ahlstrom, a high performance materials company, announces that its ownership in associated company Jujo Thermal Ltd. will increase to 50% from the current 41.7%.
Jujo Thermal has decided to redeem the shares of its minority shareholder Mitsui & Co. Ltd. As a result, Jujo Thermal's remaining shareholders Nippon Paper Group and Ahlstrom Corporation each own 50% of the company. Ahlstrom will continue to include Jujo Thermal's financial figures in its consolidated financial statements as an associated company.
Jujo Thermal is one of the world's leading suppliers of durable direct thermal papers for label, tickets and tags and point-of-sales use. The company is based in Kauttua, Finland.
Resolute Reduces Minimum Tender Condition and Extends its Offer for Fibrek
AbitibiBowater Inc., doing business as Resolute Forest Products has announced that it has reduced to 59,502,822 shares the minimum tender condition of its offer to acquire all of the issued and outstanding shares of Fibrek Inc. Presently, 59,502,822 Fibrek shares are committed to Resolute's offer pursuant to the previously disclosed lock-up agreements, representing approximately 45.7% of shares currently outstanding. The Company also announced that it has extended the expiry time of its offer to 11:59 p.m. on April 11.
As of the close of business on March 30, approximately 60.3 million common shares of Fibrek had been deposited to Resolute's offer, representing approximately 46.4% of the currently outstanding shares.
In the event that the cease trade order imposed by the Bureau de décision et de révision (Québec) relating to the special warrants is not in full force and effect at the expiry time, the minimum tender condition will instead be 81,197,780 Fibrek shares. "Special warrants" refers to the Fibrek securities issuable to Mercer International Inc. (Nasdaq: MERC) (TSX: MRI.U), as disclosed by Fibrek and Mercer on February 10.
The Company also announced that on Friday, March 30, the Ontario Securities Commission dismissed Mercer's application for a hearing to cease trade the Company's offer for Fibrek. Resolute intends to vigorously contest Mercer's parallel application before the Bureau de décision et de révision (Québec) during a hearing scheduled for April 2.
The offer to acquire all of the issued and outstanding shares of Fibrek made by Resolute, together with RFP Acquisition Inc., a wholly-owned subsidiary, is more fully described in the offer circular and other ancillary documentation that Resolute filed on December 15, 2011, on the "SEDAR" website maintained by the Canadian Securities Administrators, as varied and extended. The offer will expire at 11:59 p.m. (Eastern Time) on April 11, 2012, unless it is extended or withdrawn by Resolute.
Acosense runner-up in Swedish Cleantech Business Awards
Acosense was selected one of two runner-ups in the prestigious contest Swedish Cleantech Business Award. Minister of Energy, Anna-Karin Hatt was present to announce the winner. The competition was organized for the seventh consecutive year by the Swedish Energy Agency and was held March 14 at the Swedish Congress and Exhibition Centre in Gothenburg during the event Nordic Energy Outlook.
- It is important to highlight the new innovations and businesses that have the potential to be really successful and which also contributes to the bridging of the energy system and reduces climate impact. It is one of the reasons why we are organizing this competition
Joachim Jämttjärn, Swedish Energy Agency
The jury consists of venture capitalists and investors in technology-based companies. Criteria which the jury looks at when rating companies is the performance of the presentation, the team, the benefits of the product and its market potential.
- We are very pleased and proud to be recognized in this context. It is a recognition that we can offer something that is beneficial for our customers who will gain a better economy and improve the environment. - Linnéa Lindau, CEO, Acosense AB
In the prize ceremony the Minister of Energy, Anna-Karin Hatt, shared her views how important efforts are to highlight the next generation of growth companies in the energy sector.
- I see environmental technologies not only as a sector of the future for Sweden, where we create tomorrow’s export business, jobs and growth, but it’s also a way to contribute to sustainable development both domestically and globally. - Anna-Karin Hatt, Minister of Energy
Acosense shared its second place with Heliospectra that develops lighting for greenhouses. Winner of the competition was Tomologic, offering an optimized cutting process for manufacturing industries.
Endress+Hauser honors its inventors
New record in patent applications – seven awards given
Innovators of the Endress+Hauser Group met this year at Maulburg for their 12th inventors' meeting, celebrating a record 225 patent applications. Seven product and process innovations were honored with awards.
Curiosity, thirst for knowledge and inventive spirit have made the Endress+Hauser Group a world leader in measurement engineering and automation solutions. Now almost sixty years after the foundation of the company, the innovative drive shows no signs of abating: the record 219 patent applications in 2010 were topped last year with 225 patents. "This excellent figure shows that we are on the right track," says Michael Ziesemer, COO of the Endress+Hauser Group. "Our unbroken powers of innovation give us confidence that we will continue to offer our customers the best possible solutions in the years to come."
Patents with a sustained and positive effect on Endress+Hauser's business success are honored every year at the Endress+Hauser Innovators' Meeting, held in 2012 in Maulburg, Germany. Over 300 inventors met on 30 March in a friendly atmosphere to celebrate the intellectual achievements and to present the winning projects.
The four "Patent Rights Incentive Awards", each with a prize money of 15,000 euros, went to teams of inventors at the production sites Endress+Hauser Conducta, Endress+Hauser Flowtec,
Endress+Hauser Wetzer and Endress+Hauser Maulburg (for details see below). Outstanding improvements in existing business processes were also honored this year for the second time in the history of the awards. The 10,000 euro "Process Innovation Awards" went to teams from Endress+Hauser Flowtec (optimization in logistics through ocean freight), Endress+Hauser Process Solutions (improvement in the ordering process) and from the Waldheim production site of Endress+Hauser Maulburg (optimization of the innovation processes for safety products).
The four winners of the "Patent Rights Incentive Awards"
Thomas Sulzer and Johannes Ruchel of Endress+Hauser Flowtec in Reinach, Switzerland have advanced an interior polyurethane liner for magneto-inductive flowmeters that allows them to be used for drinking water. The challenge was to find a coating material that complies with the (often very diverging) directives and specifications in as many countries as possible. To keep the tried and tested method in the production of the lining, the researchers used a catalyst which speeds up the production process and also allows the approval for drinking water.
Peter Zinth of Endress+Hauser Wetzer in Nesselwang together with Wolfgang Steidle and Tobias Stückl have made an environmental sampler suitable for use in explosion hazard zones. This is a portable unit designed for use in narrow sewer system shafts where a spark could ignite fermentation gases. The safety precautions were not taken at the expense of handling – one person will still be able to operate the sampler on their own. "Instead of sticking the whole unit into an explosion-proof jacket, we've adapted the technical components such as the drive, pump unit and control system so that each complies with the necessary directives and specifications for ignition protection," explains Peter Zinth. Apart from the color, there have been no external changes – operation and weight of the unit are virtually the same as in the standard unit.
Ralf Reimelt and Herbert Schroth of Endress+Hauser in Maulburg, Germany have improved the precision and reliability of level measurements with guided radar. This method of measurement involves sending an electromagnetic signal that is reflected by the liquid and analyzed by the sensor. The pair has now optimized the signal processing by building in "interference signals" next to the primary echo signal which act as an additional reference value. One of these reference points lies close to the process in the inactive part of the sensor, while the other optional point lies in the active measurement range. Once the data has been analyzed, a clear and reliable distinction can be made between measuring errors in the instrument (e.g. temperature drift of the sensor supply lead) and those caused by the actual process (e.g. changes in the signal propagation caused by high pressures). "This substantially enhances the measuring accuracy, especially under severe conditions," says Herbert Schroth. "At the same time, the measuring instrument can be permanently monitored."
Another award goes to Katrin Scholz, Stefan Auras, Sven Härtig and Jens Voigtländer from Endress+Hauser Conducta in Waldheim, Germany who have made a decisive improvement in the production method for single rod electrodes – glass sensors for pH measurement. In this method the inner tube of a dual glass shaft is equipped with a thin-walled glass ball, the actual sensor. Due to the evolving tolerances, this sensor previously had to be made and fused (blown on) to the dual glass shaft. The machine attachment of an auxiliary glass tube now allows the opening of the sensor to be shaped at the same time as the diaphragm is fused, with such precision that the blowing-in of the glass ball can be made by machine at the same time. "Beside savings in working time, this also resulted in a quality leap which could never have been achieved manually," explains Jens Voigtländer.
Steelhead Announces Intention Not to Tender Fibrek Shares to Abitibi Bid
Mercer International Inc. announced that Steelhead Partners, LLC publicly announced on March 31, 2012, that it will reserve its decision to tender its common shares of Fibrek Inc., held by its affiliate, to the unsolicited insider bid made by AbitibiBowater Inc. Further, Steelhead announced that it would decide whether or not to tender to the Abitibi bid only once (and if) Abitibi's minimum tender condition was met.
Mercer urges Fibrek shareholders not to tender to the Abitibi bid, which, as of March 20, 2012, had received support of only approximately 46% of the Fibrek shares, which is almost entirely represented by THREE locked up shareholders. In order to be successful, the Abitibi bid requires a minimum tender of 50.01%. We therefore encourage Fibrek shareholders not to tender to the Abitibi bid, which requires your support in order to succeed. We urge shareholders to continue to support, and benefit from, the Mercer $1.30 superior offer.
A hearing before the Québec Bureau de décision et de révision (the "Bureau") remains set for Monday, April 2, 2012 to consider an application for a "cease trade" order and/or other appropriate relief in respect of the Abitibi bid. The Ontario Securities Commission, without commenting on the merits of our application to cease trade the Abitibi bid, including preventing Steelhead and Fairfax Financial Holdings Limited from tendering their Fibrek shares to the Abitibi bid, determined last Friday that, although it had jurisdiction to hear the application, the proper forum for the application was before the Bureau.