www.pulp-paperworld.com - Financial News
Adoption of income statements and balance sheets The AGM adopted the income statements and the balance sheets for the parent company and the Group for the financial year 2014. Dividend The AGM adopted the Board’s proposal of an ordinary dividend…
Metsä Board Corporation, part of Metsä Group, announced on 29 April 2015 that it has agreed to divest 100 per cent of its shares in Metsä Board Zanders GmbH including all related liabilities to mutares AG’s fully owned holding company…
The Board of Directors of Albany International Corp. (NYSE:AIN) has declared a quarterly dividend of $0.17 per share on the Company’s Class A and Class B Common Stock, payable on July 8, 2015, to shareholders of record on June 5,…
With a continued sharp focus on operational excellence priorities, Catalyst Paper (TSX:CYT) today announced improved operating performance for the first quarter of 2015. Adjusted earnings before tax, depreciation and amortization (EBITDA) were $14.0 million compared to $6.8 million in Q4…
Wednesday, 13 May 2015 08:27

Rottneros Interim Report Jan - March 2015

The first quarter was strong for the Rottneros Group due to a number of positive factors. Profit after net financial items was SEK 103 million, an improvement of SEK 83 million compared with the same quarter in 2014. Currencies and…
International technology Group ANDRITZ recorded a solid business development in the first quarter of 2015. The key financial figures developed as follows: Sales amounted to 1,404.3 million euros (MEUR) and were thus significantly higher than the reference figure for the…
Log arrivals to China surged in March with an increase of 76% over the previous month. This came after almost a year of declining log imports, reports the Wood Resource Quarterly. New Zealand and Australia increased their volumes the most,…
Continuously rising input costs and consequently declining profit margins make corrective pricing measures inevitable as Sappi Europe’s business is unsustainable at current price levels. We are therefore announcing a price increase of 8% for all European coated fine and coated…
Thursday, 07 May 2015 06:49

Kemira Oyj issues a EUR 150 million bond

Kemira issues a senior unsecured bond of EUR 150 million. The seven-year bond matures on May 13, 2022 and it carries a fixed annual interest of 2.250 percent. The offering was allocated to approximately 50 investors. Kemira will apply for…
Monday, 27 April 2015 15:42

Tullis Russell Group announcement

It was with deep sadness that Tullis Russell Group announced today that its papermaking subsidiary Tullis Russell Papermakers Limited had been placed into Administration by its directors. The Employee Owned Tullis Russell Group’s two other operating subsidiaries Tullis Russell Security…
Blair Nimmo and Tony Friar of KPMG LLP were appointed Joint Administrators of Tullis Russell Papermakers Limited on 27th April 2015, at the request of the company’s directors. Based in Markinch, Fife the employee-owned company was founded in 1809 and…
Wood fiber costs for pulp mills in the Western US have increased substantially over the past year while other regions in the US have experienced only modest increases, according to the North American Wood Fiber Review Pulp mills in the…
This is a summary of the January - March 2015 Interim report. The complete January - March 2015 Interim report with tables is attached to this release and available at www.kemira.com/investors. Revenue increased 4% to EUR 553.0 million (529.9) supported…
Thursday, 23 April 2015 07:27

Forest2Market and Indufor Partnership

Forest2Market, Indufor Partner to Offer Europe’s First Transaction-based Log and Fibre Pricing and Supply Chain Optimisation System Recent announcements of new mill investments in Scandinavia, the Baltic Rim and Northwest Russia have led to concern over increased competition, tighter fibre…
Xerium Technologies, Inc. (NYSE:XRM), a leading global provider of industrial consumable products and services, today announced that it plans to release its financial results for the first quarter of 2015 after the close of regular market trading on Monday, May…