www.pulp-paperworld.com - Financial News
Tuesday, 10 July 2012 10:30
Wood fiber costs for the European pulp industry have fallen from the record highs of 2011.
Wood costs for many European pulp mills have fallen the past six months as the pulp market has weakened. In the Nordic countries, pulplog and wood chip prices have fallen 11-15 percent from last spring, according to the Wood Resource…
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Wednesday, 04 July 2012 11:00
Vaahto Group Interim Management Statement For 1 September 2011–29 June 2012
The turnover of Vaahto Group for 1 September 2011–31 May 2012 was 38.6 MEUR (compared with 40.4 MEUR for the corresponding period in the previous financial year), with an operating loss of 4.4 MEUR (compared with an operating loss of…
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Tuesday, 03 July 2012 13:30
Verso Paper Corp. Announces Discussions with Holders of First-Lien Notes of NewPage Corporation
Verso Paper Corp. has announced that it has held discussions with certain holders of the 11.375% first-lien senior secured notes of NewPage Corporation in an effort to achieve a potential business combination involving Verso and NewPage as part of a consensual plan of reorganization…
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Tuesday, 03 July 2012 10:30
Weaker pulp markets have resulted in lower wood chip and pulplogs prices worldwide
Weaker pulp markets have resulted in lower wood chip and pulplogs prices worldwide, reports the Wood Resource Quarterly Wood fiber costs, which can account for up to 70 percent of the production costs for a pulpmill, fell in many markets…
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Monday, 02 July 2012 10:30
Pöyry reduces operating profit estimate for 2012
Based on current information, the Pöyry Group's operating profit for 2012, excluding restructuring costs, is expected to remain stable compared with 2011. Previously the comparable group operating profit was expected to improve clearly from 2011. The outlook for Group's net…
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Thursday, 28 June 2012 10:30
Clearwater Paper Announces John D. Hertz as Chief Financial Officer
Clearwater Paper Corporation has announced the appointment of John D. Hertz as senior vice president, finance and chief financial officer. Hertz will assume the CFO responsibilities on August 6, 2012. He will replace Johnathan D. Hunterwho has been serving as interim CFO, and Mr. Hunter's…
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Friday, 15 June 2012 12:45
Catalyst Paper announces Amended Plan of Arrangement and Creditor Meetings
Catalyst Paper has announced that it is seeking approval of a further amended Plan of Arrangement (the Amended Plan) under the Companies’ Creditors Arrangement Act and will file tomorrow for approval from the Court to set meetings of its secured…
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Friday, 15 June 2012 12:15
Stora Enso successfully issues two five-year bonds
Stora Enso has successfully issued two five-year bonds with total nominal value SEK 1 700 million under its EMTN (Euro Medium Term Note) programme. Both bonds are due on 26 June 2017. One SEK 1 350 million bond pays a floating…
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Monday, 04 June 2012 11:30
Kemira's associated company Sachtleben signed EUR 430 million credit facility
Kemira Oyj and Rockwood Holdings Inc. titanium dioxide joint venture Sachtleben Gmbh completed the financing of a new facility agreement in the aggregate amount of EUR 430 million. The proceeds of the facility will be used to repay the outstanding…
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Friday, 01 June 2012 10:35
Catalyst Paper restructuring plan not approved by creditors
Catalyst Paper Corporation announced that the company did not receive the necessary creditor approval for its amended plan of arrangement under the Companies’ Creditors Arrangement Act. Approval of not less than 66 2/3% of the principal amount of each creditor…
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Friday, 01 June 2012 09:36
Report from the AGM of Alfa Laval AB
The Annual General Meeting of Alfa Laval AB was held at Färs & Frosta Sparbank Arena in Lund, Sweden, on Monday, April 23rd. Some 350 shareholders attended the meeting under the chairmanship of Anders Narvinger. This is an unofficial translation…
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Friday, 18 May 2012 07:59
Ashland Inc. board increases annual dividend 29 percent
The board of directors of Ashland Inc. (NYSE: ASH) has declared a quarterly cash dividend of 22.5 cents per share on the company's common stock. This represents a 29 percent increase from the previous quarterly dividend and is equivalent…
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Monday, 14 May 2012 08:00
Ahlstrom announces price increases for its Label and Processing papers worldwide
Ahlstrom, a global high performance materials company, announces price increases on its specialty paper materials produced by the Label and Processing business area, as a consequence of the recent rises in raw material and energy costs. The price increase will…
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Wednesday, 09 May 2012 11:07
Verso Paper Corp. Announces Amendments to Exchange Offers and Consent Solicitations
Verso Paper Corp. has announced that it has amended certain terms of the previously announced exchange offers and consent solicitations of two of its subsidiaries, Verso Paper Holdings LLC and Verso Paper Inc. (together, the "Issuers"), with respect to their second priority…
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Monday, 07 May 2012 09:00
Resolute Owns 63.3% of Fibrek; Extends Offer to May 17
AbitibiBowater Inc., doing business as Resolute Forest Products, has announced that it has taken up and accepted for payment 12,305,679 additional shares of Fibrek Inc. (TSX: FBK) deposited to its offer as of the close of business today. Together…
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