www.pulp-paperworld.com - Financial News
Monday, 17 December 2012 16:00
Change in Ahlstrom's Nomination Committee
Ahlstrom's Board of Directors has today appointed Alexander Ehrnrooth, M.Sc. (Econ.), MBA, as a non-board member of its Nomination Committee. Alexander Ehrnrooth (b. 1974) is President and CEO of Virala Oy Ab as well as member of the Board of…
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Monday, 17 December 2012 12:00
Södra raises softwood pulp price to USD 840 per tonne
The market balance will improve further in 2013. Södra will raise the price of its softwood pulp in Europe to US$ 840.00 per tonne, effective from 1st January 2013. In Södra’s world everything starts with the forest. The forest provides…
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Monday, 17 December 2012 11:01
Kemira Oyj: Non-recurring items impacting reported EBIT will have approximately EUR 71 million negative impact
Kemira will record non-recurring items with a negative impact of approximately EUR 71 million on its reported EBIT in the fourth quarter of 2012. Due to the accelerated implementation of the "Fit for Growth" program, related non-recurring charges will affect…
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Monday, 17 December 2012 09:38
U.S. Bankruptcy Court Confirms NewPage Chapter 11 Plan
NewPage Corporation (NewPage) has announced that the U.S. Bankruptcy Court for the District of Delaware in Wilmington has confirmed the Company's Chapter 11 Plan (the "Plan"). The Plan was accepted by the overwhelming majority of NewPage creditors entitled to vote.…
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Friday, 14 December 2012 06:38
Voith Holds Its Own in a Difficult Environment
The Voith Group has finished the fiscal year 2012 (ending September 30) satisfactorily in a challenging market environment. The globally active family-owned company increased its Group sales by 2 percent to EUR 5.7 billion compared to the record value of…
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Monday, 10 December 2012 12:30
Weaker pulp markets are forcing pulp manufacturers worldwide to reduce costs
Weaker pulp markets are forcing pulp manufacturers worldwide to reduce costs, resulting in the lowest softwood wood fiber prices seen since 2010, reports the Wood Resource Quarterly. The declining prices for softwood pulp during much of 2012 have forced many pulp mills to…
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Monday, 10 December 2012 11:30
Sonoco Details Strategic and Financial Targets
Sonoco (NYSE: SON) Chairman and Chief Executive Officer Harris E. DeLoach Jr., President, Chief Operating Officer and CEO-elect M. Jack Sanders and Vice President and Chief Financial Officer Barry L. Saunders, has provided the investment community in New York with an update on the Company's 2012 performance…
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Friday, 30 November 2012 10:00
Log export from Russia declined by 21% to 12.5 million
Log export from Russia declined by 21% to 12.5 million cu m in 9 months of 2012 – WhatWood Analytics Moscow, November 29. Physical volume of roundwood export from Russia declined by 21% in January-September 2012 year-on-year down to 12.5…
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Wednesday, 28 November 2012 08:45
Ahlstrom updates 2012 outlook following the EGM approval to demerge the Label and Processing business
Ahlstrom, a global high performance fiber-based materials company, updates its 2012 outlook for net sales and operating profit excluding non-recurring items after the Extraordinary General Meeting of the company approved the demerger of the Label and Processing business area. Ahlstrom's…
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Wednesday, 28 November 2012 08:11
Decisions taken by Ahlstrom Corporation's Extraordinary General Meeting of Shareholders
Ahlstrom Corporation's Extraordinary General Meeting of Shareholders (EGM) was held today on November 27, 2012. Demerger of the Label and Processing business in Europe The EGM resolved to approve the demerger concerning the Ahlstrom Group's Label and Processing business in…
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Thursday, 22 November 2012 10:30
Tembec reports financial results for its fourth quarter ended September 29, 2012
Consolidated sales for the three-month period ended September 29, 2012, were $443 million, as compared to $421 million in the comparable period of the prior year. The Company generated a net loss of $47 million or $0.47 per share in…
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Thursday, 22 November 2012 10:00
The Global Forest Industry Q3 review
The Global Sawlog Price Index (GSPI) fell for the fifth consecutive quarter to $81.94/m3. The Softwood Wood Fiber Price Index (SFPI), which is based in US dollars, was down another 0.5 percent from the 2Q/12 to US$100.05/odmt. Hardwood Wood Fiber Price…
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Tuesday, 20 November 2012 18:55
Catalyst Paper receives conditional approval for listing of new common shares on TSX
Catalyst Paper has announced that it has received conditional approval for the listing of its new common shares on the Toronto Stock Exchange. The listing is subject to standard conditions and Catalyst expects to satisfy these conditions in the near…
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Monday, 19 November 2012 10:45
The Board of Directors of Minerals Technologies Approves a Two-for-One Stock Split and Doubles Cash Dividend
The Board of Directors of Minerals Technologies Inc. (NYSE: MTX) has approved a two-for-one stock split in the form of a 100-percent stock distribution payable on December 11, 2012 to shareholders of record of the company's common stock on November…
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Monday, 19 November 2012 09:15
Verso Paper Corp. Reports Third Quarter 2012 Results
Verso's net sales for the third quarter of 2012 decreased $83.8 million, or 18.4%, compared to the third quarter of 2011, reflecting a 14.9% decline in total sales volume, which was driven by the closure of three paper machines late last…
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