www.pulp-paperworld.com - Financial News
Tuesday, 23 February 2010 12:00

CPI’s profits take a hit in tough market

CPI's net profit dropped 4.2 per cent to $2.04m for the first half of 2009-10 while earnings before interest and tax (EBIT) fell 27.6 per cent to $4.2m. The Australian paper giant says trading conditions remain difficult with volumes still…
Tuesday, 23 February 2010 08:16

Stora Enso Oyj - Investor News

Stora Enso to centralise the use of recovered fibre-based packaging in Finland at Pori Closure of recycling plant at Varkaus and core plant at Pori planned - temporary newsprint layoff plan at Varkaus Stora Enso is planning to centralise the…
Standard & Poor's Rating Services has revised its long-term credit rating on Norske Skog to B, from earlier B+. The Negative Outlook is maintained. Norske Skog does not have interest or covenants linked to the rating level on the existing…
All eight of the unions at Corner Brook Pulp and Paper have voted to agree to a wage deferral request from Kruger Inc., The Western Star reports. The seven unions represented by the Communications, Energy and Paperworkers (CEP) Union of…
The Federal Court has ordered APRIL Fine Paper Trading, a Singapore-based based pulp and paper company, and its local subsidiary, to pay $4m in penalties for price fixing in the Australian market. After the two companies agreed to admit certain…
Tuesday, 16 February 2010 08:00

Rottneros Changes to the composition

The Annual General Meeting of Rottneros for 2009 resolved that the Nomination Committee, prior to the Annual General Meeting for 2010, should constitute the Chair of the Board, who shall not chair the Committee, together with two additional members, of…
Wednesday, 10 February 2010 13:45

Stora Enso signs EUR 65 million loan agreement

Stora Enso has signed an agreement with the European Investment Bank (EIB) for a EUR 65 million loan to be used for the Ostroleka power plant construction project in Poland. The loan agreement is part of the commitment by EIB…
Kemira's Board of Directors will submit the following proposals to the Annual General Meeting: *Resolution on the use of the profit shown on the balance sheet and on dividends*Remuneration and composition of the Board of Directors*Remuneration and election of the…
Friday, 05 February 2010 15:45

Growing interest for Swedish wood in China

Between 2000 and 2005, Chinese timber imports tripled from 10 million to 30 million cubic metres. The import of sawn solid wood products also experienced a similar trend. During the second quarter of 2009, China was the world's second-biggest importer…
Rottneros have released thier Year-end results for 2009 • Income after net financial items amounted to SEK 0 (-169) million for the fourth quarter of 2009 • Income after net financial items amounted to SEK -69 (-385) million for the…
Kemira Group will publish its fourth quarter results on Tuesday, February 9 around 8.30 am Finnish time (6.30 am UK time). Kemira will arrange a press conference for analysts and the media starting at 10.30am at Kemira House, Porkkalankatu 3,…
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