www.pulp-paperworld.com - Financial News
Thursday, 12 March 2020 08:23
Lenzing solid in a historically difficult market environment
Lenzing – Despite a generally difficult demand environment for textile fibers and a drastic drop in prices for standard viscose, the Lenzing Group recorded a solid business development in 2019. The disciplined implementation of the sCore TEN corporate strategy and…
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Friday, 06 March 2020 15:06
Resolute Announces Share Repurchase Program
Resolute Forest Products Inc. has just announced that its board of directors authorized the repurchase of up to 15% of the company's common stock for aggregate consideration of up to $100 million. Repurchase transactions will be funded using the company's…
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Saturday, 22 February 2020 21:49
New Forests to Purchase Tasmanian Plantations from Norske Skog
Australia-based international forestry investor New Forests has agreed to purchase the Tasmanian plantations of a local subsidiary of Norwegian pulp and paper company Norske Skog. The purchase includes a net plantation area of more than 18,000 hectares of radiata pine…
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Wednesday, 18 December 2019 09:34
Forisk Acquires the North American Wood Fiber Review, the Leading Price Reporting Service for Pulpwood and Biomass in North America, from Wood Resources International
Forisk Consulting, a leader in North American forest industry and timber market research, has acquired the North American Wood Fiber Review from Wood Resources International of Bothell, Washington. The Review, which tracks wood fiber markets in all major regions of…
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Tuesday, 03 December 2019 08:52
Kemira appoints Mikko Pohjala as Vice President, Investor Relations
Mikko PohjalaMikko Pohjala (M.Sc. Econ.) has been appointed Vice President, Investor Relations of Kemira Oyj starting from December 10, 2019. Mikko Pohjala transfers to Kemira from Citycon, where he has been working as Director, IR and Communications for the last…
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Wednesday, 06 November 2019 08:29
Resolute Further Enhances Liquidity with Amended and Restated Senior Secured Credit Agreement
Resolute Forest Products Inc. has just announced that it has entered into an amended and restated senior secured credit agreement for up to $360 million, replacing the company's existing $185 million senior secured credit facility. The amended and restated credit…
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Friday, 25 October 2019 08:22
Minerals Technologies Announces New $75 Million Share Repurchase Program
Minerals Technologies Inc. has just announced that its Board of Directors has authorized a new, one-year $75 million share repurchase program, effective immediately. This repurchase program replaces the previous program authorized by the Board of Directors that expired on October…
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Thursday, 24 October 2019 09:14
Eucalyptus pulplog prices in Brazil have fallen over the past year and in the 2Q/19 reached their lowest levels in three years, reports the Wood Resource Quarterly
Pulpmills in Brazil had some of the lowest wood fiber costs in the world in the 2Q/19, according to the WRQ. Over the past three years Eucalyptus pulplog prices have fallen while the global Hardwood Fiber Price Index (HFPI) has…
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Tuesday, 22 October 2019 08:28
Stora Enso has completed the divestment of its stake in the Dawang paper mill
Stora Enso has completed the divestment announced on 25 July 2019 of its 60% equity stake in the Dawang Mill in China to its joint venture partner, Shandong Huatai Paper. The transaction will not have any material impact on Stora…
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Monday, 23 September 2019 10:59
Rottneros seeks approval from noteholders regarding a potential extra dividend payment
Rottneros AB (publ) (“Rottneros”) has just announced that it is, through a written procedure, soliciting approval from holders of its notes (the “Noteholders”) with ISIN SE0010297804 (the “Notes”) to waive the distribution restriction in the terms & conditions of the…
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Monday, 23 September 2019 10:57
Lower pace of KM7 start-up affects third quarter result
Due to a lower pace in the initial start-up of the new board machine at Gruvön, the effect on the result in the third quarter is adjusted by approximately SEK 150 million. The effects in the fourth quarter and the…
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Thursday, 19 September 2019 22:24
Södra adjusts timber prices to conditions in the market
Södra is adjusting the price of spruce logs and pulpwood. Spruce log supplies are high in both Sweden and the rest of Europe. The global economy is showing continued signs of a slowdown, which is affecting the finished goods market,…
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Thursday, 19 September 2019 19:16
WestRock Provides Update of Financial Impact Following Hurricane Dorian
WestRock Company (NYSE: WRK), a leading provider of differentiated paper and packaging solutions, today provided an estimate of the impact of Hurricane Dorian on its fiscal fourth quarter financial results. The Company idled three of its containerboard mills in the…
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Friday, 13 September 2019 13:39
Pulp Market to Reach a Valuation of ~ US$ 333 Bn by 2027; Transparency Market Research
In terms of revenue, the global pulp market is estimated to expand at a CAGR of ~ 4% during the forecast period, owing to numerous factors, about which, Study offers thorough insights and forecast in this report. Pulp Market: An…
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Thursday, 15 August 2019 11:47
Lucart presents its 2018 Sustainability Report with a focus on Circular Economy, new investments, dialogue with the stakeholders, and partnerships for sustainable development
Lucart’s 14th Sustainability Report, drawn up in accordance with the international guidelines of the Global Reporting Initiative (GRI Standard), highlights, among other things, an increase in turnover (+12%) and key investments such as the acquisition of three production plants in…
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