Monthly Archives: June 2016
M&As: Weyerhaeuser to Sell Liquid Packaging Board Business to Nippon Paper Industries for $285 Million
(USA, June 16, 2016) Weyerhaeuser Company [June 16] announced an agreement to sell its liquid packaging board business to Nippon Paper Industries Co., Ltd. for $285 million in cash. Weyerhaeuser expects to use a substantial portion of the estimated $225 million after-tax proceeds for repayment of debt.
The transaction includes one mill located in Longview, Washington, with an annual capacity of 280,000 tons.
This announcement concludes a portion of the strategic review of the company’s Cellulose Fibers business, which was initiated Read More...
Capacities: Stora Enso inaugurates its new consumer board mill in China
(Helsinki / Shanghai, June 15, 2016) Stora Enso inaugurates its new consumer board mill in Beihai, China. The mill started up in May and it is expected to reach full production within 18 to 24 months. With an investment of EUR 800 million, this is the largest Nordic direct investment in China, and a significant investment in the history of Stora Enso.
The Beihai consumer board mill has an annual capacity of 450,000 tonnes of high-grade carton board products. One Read More...
Cascades to permanently close deinked pulp mill in Auburn, Maine; “rapid erosion of P&W paper (&) MDIP market conditions, low potential integration’’, says CEO
(USA, June 17, 2016) Cascades Inc. today announced that it will permanently close its de-inked pulp mill located in Auburn, Maine. Production will end on July 8 and the mill’s doors will close on July 15.
The pulp mill currently employs 45 people.
“The rapid erosion of the printing and writing paper market, the overall deterioration of market conditions for de-inked pulp and the low potential for integration with other Cascades activities are all factors that have had significant negative consequences Read More...
Capacities: Stora Enso to close and divest Suzhou paper mill
(Helsinki, June 15, 2016) Stora Enso has signed an agreement to divest the key assets of its Suzhou Mill in China for approximately €240 million.
Stora Enso has signed an agreement to divest the key assets of its Suzhou Mill in China, including the land-use rights and buildings, to the local government of Suzhou National New & Hi-tech Industrial Development Area (SND). The cash consideration for the divestment of assets is approximately €240 million.
Based on annual figures for 2015, the Read More...
Price Watch: Södra raises price for softwood pulp in Europe from June 1st
(Stockholm, Sweden, June 22, 2016) Södra, Mercer International, and Metsӓ Fibre are trying to lift NBSK prices in Europe to $830/tonne.
Sodra announced that due to a stronger global market and solid demand, it will increase its market price for NBSK deliveries in Europe to USD 830/tonne, effective from June 1st 2016.
Recent market statistics support the positive signals we had already noticed. “The softwood pulp market is strong and we anticipate the market will tighten even further”, said Magnus Björkman, Read More...