Monthly Archives: July 2016

Holmen completes sale of Spanish newsprint mill to International Paper

(Sweden, June 30, 2016) Holmen announced that the sale of its newsprint mill in Madrid, Spain to International Paper (IP) has been completed. The deal was previously announced in mid-March of this year. IP has plans to convert production at the mill to recycled containerboard production, but will continue to produce newsprint at the mill until the second half of 2017. During this period, Holmen will sell the newsprint produced at the mill and continue to serve its customers. “During this Read More...
CNF dispersion fluid

Nippon Paper to build large scale nanofiber production plant

(Tokyo, May 27, 2016) Nippon Paper Industries plans to build a large-scale cellulose nanofiber (CNF) production facility at the Ishinomaki mill in Miyagi, Japan. This facility will produce CNF from wood pulp that is chemically treated by the TEMPO catalytic oxidation method. A total of 1.6 billion yen ($14.5 million) will be invested on the facility, and an annual production capacity is 500 tons. It is scheduled to begin its operation in April 2017. This project reinforces the Ishinomaki mill’s foundations as Read More...

Softwood price index at its lowest level since 2006

(Seattle, USA, June 15, 2016) Wood costs for the pulp industry have been falling steadily worldwide for almost five years with hardwood fiber prices declining the most, according to the Wood Resource Quarterly (WRQ). The Hardwood Wood Fiber Price Index (HFPI) fell by 0.6% in the 1Q/16 mainly because of lower prices for hardwood pulplogs in Russia, Eastern Canada, France and Germany. The HFPI has been on a consistent decline the past few years with the current index being 29% Read More...

Four tissue rewinders for Lee & Man Paper

(Porcari, Italy, June 29, 2016) A.Celli Paper has recently concluded an important agreement with the Chinese group Lee & Man Paper Manufacturing Limited (Lee & Man Paper). The Porcari-based company will supply four tissue rewinders to the Asian customer that has grown quickly in the course of the last twenty years, changing its status and going from a small company (founded in 1994) to a structured group listed in the stock exchange, with five facilities in China and some factories Read More...
(Image: courtesy DS Smith)

UK-based packaging major DS Smith acquires Creo Retail Marketing

(London, June 23, 2016) DS Smith on June 23 acquired Creo Retail Marketing Ltd (Creo), a specialist in point of sale and display products and services for in-store marketing. The company is located in the South East of England and employs about 285 people. Terms of the deal were not disclosed. DS Smith noted that Creo’s primary focus is on FMCG, retail and media markets and significantly builds on DS Smith’s capability within the UK market. “We are delighted to welcome Creo Read More...

Catalyst Paper Corporation’s Principal Securityholders and KGI Enter Into a Support Agreement for a Potential Acquisition of Catalyst Paper

(USA, June 30, 2016) Catalyst Paper Corporation today announced that it has been advised that the four largest shareholders of the Company holding or controlling approximately 79% of the Company’s outstanding common shares, that include Mudrick Capital Management, L.P., Cyrus Capital Partners, LP, Oaktree Capital Management, LP and Stonehill Capital Management LLC have entered into a support agreement with Kejriwal Group International (KGI). The Principal Securityholders have filed Schedule 13D with the United States Securities and Exchange Commission setting Read More...

Global softwood lumber trade reached an all-time high in 2015

(Seattle, USA, June 23, 2016) Global softwood lumber trade reached an all-time high in 2015 when, according to estimates by the WRI, 118 million m3 was traded internationally. This year has started out with even higher volumes being traded around the world; the 1Q/16 shipments were approximately 20% higher than in the first quarter of 2015. All countries on the “top-10 import list” increased their lumber importation during the first few months this year with the biggest changes in Read More...

DS Smith to acquire Gopaca

(London, UK, June 23, 2016) DS Smith Plc has reached an agreement to acquire Portuguese corrugated packaging manufacturer Gopaca. With this acquisition, DS Smith wants to strengthen its operations in Iberia, an important and growing market for corrugated packaging, and further increases its Pan-European customer offering, informs the British paper and packaging manufacturer. (Source: press release) Read More...

Fortress Paper agrees to sell Lebel-sur-Quevillon pulp mill and sawmill assets for $15.36M

(Vancouver, June 23, 2016) Fortress Paper Ltd. is pleased to announce that it has, through its wholly owned subsidiaries, Fortress Global Cellulose Ltd. and Fortress Lumber Corp., entered into an asset purchase agreement with LSQ Energy, L.P. and LSQ Development, L.P., each a wholly-owned subsidiary of Nexolia Bioenergy Inc., providing for the sale of the buildings, equipment and other ancillary property relating to the non-operating pulp mill and sawmill, as well as the energy generation, connection and transmission plant Read More...

Fitch upgrades Suzano’s ratings to ‘BB+’; outlook positive

(Rio De Janeiro, June 24, 2016) Fitch Ratings has upgraded Suzano Papel e Celulose S.A.’s (Suzano) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to ‘BB+’ from ‘BB’. Fitch has also upgraded Suzanos’s National Long-Term rating to ‘AA+(bra)’ from ‘AA-(bra)’. The Rating Outlook for the corporate ratings is Positive. The ratings upgrade reflect Suzano’s stronger free cash flow (FCF) due to the depreciation of the Brazilian real, which has reduced the company’s cost structure and allowed Suzano to accelerate Read More...

Pulpwood Costs Have Fallen Substantially Worldwide

(Seattle, USA, May 11, 2016) Wood cost is the factor that often determines the competitiveness of a pulp manufacturing plant or region, because it is the largest cost component when producing wood pulp. During the past few years, this cost has varied between 45% and 70% of the total cash cost, depending on product grade and the costs of other components such as chemicals, energy and labor, according to Wood Resource Quarterly. Hardwood fiber prices continued to fall in most Read More...

International Paper bets big on fluff pulp; company to spend $2.2 billion buying Weyerhaeuser pulp business

(Memphis, USA, May 11, 2016) International Paper’s latest deal reflects demand for diapers, feminine products. International Paper Co. agreed to buy Weyerhaeuser Co.’s pulp business for $2.2 billion, making a big bet on rising global demand for disposable diapers and feminine products. Mark Sutton, International Paper’s chief executive, said in an interview the company believes more consumers will be able to afford disposable diapers in the coming years in emerging markets, including in China, which recently ended its one-child policy for Read More...

1Q/16 Global HW Pulp Market Review: prices remain under pressure; Asian prices bottomed out at the end of 1Q16

(Sao Paulo, Brazil, April 20, 2016) Seasonality and the more challenging scenario throughout 1Q16 continued to pressure pulp prices in dollars, especially in Asia. However, according to the PPPC, global eucalyptus pulp sales moved up by 7% in the first two months of the year over the same period in 2015. Fibria’s sales to Asia moved up at the end of the quarter, exceeding the volume routed to the region in the previous three months. In addition, reflecting the Read More...

Oji Papéis Especiais to expand thermal paper capacity in Brazil

(Brazil, April 06, 2016) Oji Imaging Media., a 100% subsidiary of Oji Holdings, will expand thermal paper production capacity at Oji Papéis Especiais by 10 %. Oji Papéis’s paper mill in Piracicaba, São Paulo manufactures thermal and carbonless paper. Oji Group will invest approximately $9m (€8m) in the expansion, which is scheduled to be finalized in July 2017. As of today, Oji Papéis Especiais is producing thermal paper from two thermal coaters, but with current production capacity, the company will not Read More...

Volga reaches newsprint production milestone

(Russia, April 18, 2016) On April 17, Volga recorded a production milestone, as the 250,000th tonne of newsprint produced with the new technology was manufactured at high-speed PM8. Thus, since the new manufacturing process involving 100% TMP furnish was introduced in April last year, the Mill has produced a quarter of a million tonnes of premium quality newsprint, which is 104% to the planned target (from April 2015 to April 2016). Commenting on the event, Volga’s General Director Dmitry Donchenko says: Read More...
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