www.pulp-paperworld.com - Financial News
Friday, 28 September 2012 10:43
Ahlstrom's financial information in 2013
Ahlstrom will publish its financial information in 2013 as follows: Report Publication date Financial statements bulletin 2012 Thursday, January 31 Interim report January - March Thursday, April 25 Interim report January -…
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Friday, 28 September 2012 08:57
RockTenn Amends and Extends Bank Revolving Credit and Term Loan Facility
RockTenn announced today that it has entered into an Amended and Restated Credit Agreement in the approximate amount of $2.7 billion, comprised of a $1.475 billion revolving credit facility and a $1.22 billion term loan facility. The facility matures on…
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Thursday, 27 September 2012 22:31
International Paper To Release Third Quarter 2012 Earnings
International Paper (NYSE: IP) will release third quarter 2012 earnings on Thursday, October 25, before the opening of the New York Stock Exchange. The company will host a webcast to discuss earnings and current market conditions at 9 a.m. EDT…
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Wednesday, 26 September 2012 09:11
Cost review will lead to redundancies at Södra
This measure will affect all Swedish business areas, and staff at all levels. Trade union negotiations will commence with immediate effect. These redundancies are part of the group's initiative to reduce its overall costs. "Södra operates in an international market.…
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Friday, 21 September 2012 21:36
FM Global’s A+ (Superior) Financial Strength Rating Affirmed by A.M.
Insurance ratings company A.M. Best has affirmed commercial property insurer FM Global’s A+ (Superior) financial strength rating and given the company a “stable” rating outlook. FM Global has maintained this rating for more than a decade. According to A.M.…
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Friday, 21 September 2012 16:15
Metso’s Board of Directors withdraws the proposal for an extra dividend
Metso Corporation’s Board of Directors has decided to withdraw its proposal for an extra dividend of EUR 0.50 per share for the financial year ended December 31, 2011. The Extraordinary General Meeting planned for October 12, 2012 has consequently been…
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Wednesday, 19 September 2012 07:35
Chile and Brazil have began to supply Eucalyptus chips to Chinese pulp mills
Chile and Brazil have began to supply Eucalyptus chips to Chinese pulp mills; however Japan continues to be the major destination for Latin American wood chips, reports the Wood Resource Quarterly In late 2011, Brazil and Chile sent the first…
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Tuesday, 18 September 2012 13:08
Kemira Capital Markets Day, "Fit for Growth" timeline set
Kemira held its Capital Markets Day (CMD) 2012 in London today. Kemira retained its existing outlook for 2012. In 2012, Kemira expects revenue and operative EBIT to be approximately at the same level as in 2011. In the near term,…
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Monday, 17 September 2012 12:00
OMNOVA Solutions To Webcast Third Quarter 2012 Earnings Call
OMNOVA Solutions (NYSE: OMN) will hold its conference call to discuss third quarter results on Wednesday, September 26, 2012 at 11:00am ET. The call will be hosted by OMNOVA Solutions Chairman and Chief Executive Officer Kevin McMullen. OMNOVA will release earnings on…
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Friday, 14 September 2012 20:49
Wood costs for the world’s pulp industry continued downward in Brazil, Russia, Australia and Europe.
The costs of wood fiber for many pulp mills throughout the world continued to fall in the 2Q/12 and were at their lowest levels in over a year, according to the Wood Resource Quarterly. The greatest declines were seen in…
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Tuesday, 11 September 2012 20:50
RockTenn Announces Closing of Senior Notes Offering
RockTenn (NYSE: RKT) has announced the closing of its previously announced offering of senior notes. RockTenn completed the issuance of $350 million aggregate principal amount of 3.500% senior notes due 2020 and $350 million aggregate principal amount of 4.000% senior notes due 2023. The…
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Tuesday, 11 September 2012 18:12
Stora Enso successfully issues a 5.5-year EUR 500 million Eurobond
Stora Enso has today issued a EUR 500 million 5.5-year bond under its EMTN (Euro Medium Term Note) programme. The bond matures on 19 March 2018 and pays a fixed coupon of 5.00%. The issue price was 99.580, equivalent to…
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Tuesday, 04 September 2012 12:00
Must History Repeat Itself? Recovered Fiber Market Crashes
When the economy fell off the cliff in the autumn of 2008, both domestic and export recovered fiber markets quickly followed. In fact, traded volumes and prices of all fiber grades fell so fast and far that processing plants hung…
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Friday, 31 August 2012 08:55
UPM Timber sold its share in RETS Timber to Stora Enso
UPM Timber has today sold its 50% share in the export company Rets Timber Oy Ltd to the other owner Stora Enso. Rets Timber will continue operations in Stora Enso’s ownership. Rets Timber has exported the owner companies’ softwood timber…
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Monday, 27 August 2012 16:38
Stora Enso successfully completes tap of two five-year SEK bonds
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…
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