www.pulp-paperworld.com - Financial News
Monday, 01 April 2013 20:30
Hedge fund bets big on this paper company
Senator Investment Group, a hedge fund managed by Doug Silverman, has disclosed a position of over 23 million shares in International Paper IP-0.26% . This gives the fund 5.2% of the total shares outstanding of the $21 billion market cap manufacturer of…
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Monday, 01 April 2013 19:15
NewPage Annual Report Posted with Year-End 2012 Financial Results
NewPage Holdings Inc. (NewPage) has posted its 2012 Annual Report on the NewPage Corporation website, www.NewPageCorp.com. About NewPage Corporation NewPage is a leading producer of printing and specialty papers in North America with $3.1 billion in net sales for the…
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Wednesday, 27 March 2013 08:30
Kemira Oyj: The Annual General Meeting approved EUR 0.53 dividend
The Annual General Meeting of Kemira Oyj approved the Board proposal of a EUR 0.53 dividend per share for the financial year 2012. The Annual General Meeting decided to elect five members to the Board of Directors. Members Winnie Fok,…
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Thursday, 14 March 2013 07:20
BillerudKorsnäs establishes bond program
On March 13, 2013 the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) approved and registered BillerudKorsnäs’ prospectus in connection with the establishment of the company’s Swedish Medium Term Note program (MTN). The program has a limit of SEK 5 billion and…
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Wednesday, 13 March 2013 09:22
Norske Skog - Covenant reset
Norske Skog has reached an agreement with its bank syndicate resetting first quarter 2013 covenants related to the revolving credit facility (RCF). The new covenants are a leverage ratio of 5.75:1 and an interest cover ratio of 1.75:1. The size…
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Tuesday, 12 March 2013 18:56
Rottneros stands by proposed dividend
Arctic Paper has given notice that they will vote against the proposed dividend of SEK 0.10 per share proposed by the Board of Directors at the Annual General Meeting. The reasons given are that Rottneros reported a loss and had…
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Tuesday, 12 March 2013 09:40
Catalyst Paper Q4 results impacted by lower sales volumes, higher maintenance and stronger Canadian dollar
Catalyst Paper (TSX:CYT) results in the fourth quarter were negatively impacted by lower sales volumes, higher maintenance spending and a stronger Canadian dollar. Catalyst posted a net loss of $35.2 million for the quarter, in contrast to net earnings of…
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Tuesday, 12 March 2013 06:50
Xerium Technologies Reports Steady Sales and Orders and Implementation of Cost Reduction and Sales Growth Actions
Xerium Technologies, Inc. (NYSE:XRM), a leading global manufacturer of specially engineered textiles and roll covers used in the production of paper, paperboard, building products, non-wovens and specific industrial processes, announced that the results of its operations for the quarter and year…
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Monday, 11 March 2013 06:49
Wood fiber costs for pulp mills fell in both North America and Latin America
Wood fiber costs for pulp mills fell in both North America and Latin America in the 4Q/12 because of weaker pulp markets and an increased supply of sawmill chips, reports the Wood Resource Quarterly Lower pulp prices during last summer…
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Wednesday, 06 March 2013 09:00
Vacon's Annual Report 2012 published
Vacon has published its Annual Report 2012 in Finnish and English. The reports are available as PDF files on the company website in English at www.vacon.com and in Finnish at www.vacon.fi. You can order the printed version of the report…
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Sunday, 03 March 2013 19:24
Clearwater Paper Announces $50 Million Accelerated Stock Buyback
Clearwater Paper Corp.has announced that it entered into an accelerated stock buyback agreement ("ASB agreement") with Goldman, Sachs & Co. to repurchase an aggregate of $50 million of Clearwater Paper common stock. The company will acquire the common shares pursuant to the ASB agreement…
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Sunday, 03 March 2013 19:10
Ahlstrom's Annual Report 2012 published
Ahlstrom's Annual Report 2012, including the financial statements, the report of operations and Corporate Governance Statement, has been published today on the company's website in English and Finnish. The publications can be viewed as PDF files at www.ahlstrom.com > Investors.…
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Friday, 01 March 2013 09:57
Södra raises softwood and hardwood pulp price in Europe
Södra will raise the price of its softwood pulp to US$ 860.00 and hardwood pulp to USD 820.00 per tonne in Europe effective from 1st March 2013. Seasonal improvement together with maintenance shutdowns will improve the market balance further in…
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Thursday, 28 February 2013 19:44
SCA announces Conversion of shares
According to SCA’s articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in the company. When such a conversion has occurred, the…
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Tuesday, 26 February 2013 08:50
BASF increases sales and income from operations in 2012
BASF maintained its good performance in 2012. The company exceeded the 2011 record levels in sales and income from operations (EBIT) and once again earned a substantial premium on the cost of capital. Dr. Kurt Bock, Chairman of the Board of…
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