Monthly Archives: November 2016
Q3/2016 Global HW Market Review: 1.031MT growth in global demand for BEKP; HW vs. SW spread at a high US$148/t in Europe & US$105/t in China
(Sao Paulo, Brazil, October 31, 2016) Highlights:
• Sales volume of 1,442 million tons in the quarter
• Hardwood pulp operating rate reached 92% in August
• Growth of 1.031 million t in global demand for BEKP (8M16 vs. 8M15)(4)
• Hardwood and softwood spread of US$148/t in Europe and US$105/t in China
Even though the seasonality has marked the period, an improved sales volume performance was observed when compared to 2Q16, especially in August and September. This growth, coupled with a scenario of depreciated prices especially in Read More...
Fibria reports third-quarter net revenue of R$2.3 billion, EBITDA of R$758 million and lower production cash cost
(Sao Paulo, Brazil, October 31, 2016) Highlights:
• Net income in the quarter of R$32 million, bringing net income in the first nine months to R$1.755 billion
• Sales volume in the quarter of 1,442 million tons
• Production cash cost of R$638 per ton
• Pulp production of 1,311 million tons, increasing 3%
• Construction on the Horizonte 2 Project reaches 60% completion
• The project is ahead of schedule and R$1.2 billion under budget
Fibria, a Brazilian forestry company and the world’s leading eucalyptus pulp producer, reported net revenue of Read More...
Fitch: Latam Pulp and Paper’s Low Cost Position Helps to Weather Negative Trends
(Rio De Janeiro, Brazil, Oct 31, 2016) Brazilian and Chilean pulp companies’ excellent position on the production cost curve supports investment grade ratings despite negative market trends, according a new Fitch Ratings report.
“Because of very productive forests, a favorable climate for growing trees, and modern pulp mills, these pulp producers enjoy low costs,” said Fernanda Rezende, Director at Fitch. “The plantations are extremely efficient by global standards and give Latin American producers sustainable advantages in the cost of fiber Read More...
Leipa (Germany) contracts Voith to convert newsprint machine for the production of white top testliner
(Germany, Nov. 01, 2016) Leipa Georg Leinfelder GmbH has contracted Voith to reconstruct its PM11 comprehensively to become its future PM5, as well as a new OCC stock preparation and an extension of the DIP facility in its Leipa plant in Schwedt.
While the PM11 is currently producing 280,000 metric tons of newsprint annually, the machine with a wire width of 9,200 mm will be rebuilt to become one of the most modern and largest production lines for white Read More...
Stora Enso’s 3Q sales down 4.3%
(Helsinki, Oct 26, 2016) Stora Enso’s 3Q 2016 sales at Euro 2 393 million were Euro 107 million, or 4.3% lower than a year ago mainly due to divestments and capacity closures.
Sales excluding the structurally declining paper business and divested Barcelona Mill increased 1.8%, primarily due to the ramp-ups at Varkaus kraftliner and Beihai consumer board mills. Paper division sales excluding restructurings remained stable. Biomaterials division was impacted by lower hardwood pulp prices
3Q 2016 operational EBIT was Euro 219 Read More...
Glatfelter Reports Third Quarter 2016 Earnings
(USA, Nov. 01, 2016) Glatfelter (NYSE: GLT) today reported third quarter of 2016 net income of $19.6 million, or $0.44 per diluted share compared with $13.5 million, or $0.31 per diluted share in the third quarter of 2015. Adjusted earnings for the third quarter of 2016 were $24.0 million, or $0.54 per diluted share compared with $20.8 million, or $0.47 per diluted share, for the same period a year ago. Adjusted earnings is a non-GAAP measure for which a Read More...
International Paper Reports Third Quarter 2016 Earnings
(Memphis, Oct. 27, 2016) International Paper (IP) today reported third quarter 2016 net earnings attributable to International Paper of $312 million ($0.75 per share) compared with net earnings of $40 million ($0.10 per share) in the second quarter of 2016 and net earnings of $220 million ($0.53 per share) in the third quarter of 2015. Net earnings in all periods include the impact of special items, if any, non-operating pension expense and discontinued operations.
Adjusted operating earnings in the third Read More...
Canfor Pulp Products Announces Third Quarter 2016 Results
(Canada, Oct. 26, 2016) Canfor Pulp Products Inc. (CPPI) today reported net income of $22.4 million, or $0.34 per share, for the third quarter of 2016, compared to $2.2 million, or $0.03 per share, for the second quarter of 2016 and $31.2 million, or $0.45 per share, for the third quarter of 2015. For the nine months ended September 30, 2016, the Company’s net income was $47.7 million, or $0.70 per share, compared to $76.9 million, or $1.09 per Read More...
Orchids Paper Products Company Reports 2016 Third Quarter Results
(New York, Oct. 26, 2016) Orchids Paper Products Company (NYSE MKT: TIS) today reported results for the third quarter of 2016.
Jeff Schoen, President and Chief Executive Officer, stated: “Orchids year-to-date 2016 performance has improved significantly as bottom-line metrics such as Gross profits (+9.5%), Net income (+3%), Adjusted EBITDA (+13%), and Operating cash flow less changes in working capital (+51%), have all increased significantly over the same period last year. At the same time, competitive pressures continued in third quarter Read More...
Verso plans to temporarily idle 200,000 tons of annual production capacity at Androscoggin mill
(USA, Nov 01, 2016) Verso Corporation today announced plans to temporarily idle the No. 3 paper machine at its Androscoggin Mill in Jay, Maine, reducing annual coated paper production capacity by approximately 200,000 tons. Verso intends to implement this capacity reduction beginning in the first quarter of 2017.
The mill also will idle a digester and recovery boiler that support the No. 3 paper machine.
In a press release, the company noted, “Most products currently produced on the No. 3 paper Read More...
Russia: pulp and newsprint exports down in January-August 2016
(St Petersburg, Oct 28, 2016) In 2016, Russian export of logs, lumber, and plywood saw a positive trend. However, that did not happen to the country’s pulp and paper sector. In the first 8 months of the current year, Russian pulp and newsprint export reduced in value terms, says the foreign trade statistics published by the Russian Federal Customs Service.
Thus, in January-August 2016, Russian pulp exports reached 1.396 million tonnes in volume terms, that is 3.21% more than Read More...
Rottneros Starts Up Valmet-supplied Bleaching System in Sweden
(Sweden, Oct. 26, 2016) Valmet said that a new high consistency bleaching system that it supplied to Rottneros pulp mill in Sweden started up according to plan on September 19, 2016.
The start-up was smooth and the 48-hour test run was approved, Valmet added.
According to Valmet, the bleaching system was the first step in a larger rebuild project, called Agenda 500, at the mill. The long term goal is to increase both availability and the total production volume of Rottneros Read More...
Appleton Coated Expands Product Options with Ethos Enhanced Inkjet Paper
(USA, Oct. 26, 2016) Appleton Coated announced that it has expanded its inkjet product offering with the introduction of Ethos® Enhanced Inkjet.
Ethos Enhanced Inkjet is a new inkjet-optimized product offering a smooth, silk, coated-like feel. This high-brightness, blue-white paper is specifically designed to provide enhanced image quality and improved color vibrancy in comparison to standard uncoated inkjet papers. 7 Pt. and 9 Pt. products are available immediately. Additional basis weights will be added, the company said.
“This new product combines Read More...
Catalyst Paper Announces Principal Securityholder Support for Recapitalization, and Gives Update on KGI Support Agreement
(Canada, Oct. 26, 2016) Catalyst Paper Corporation (“Catalyst” or the “Company”) today announced that it has received an alternative recapitalization proposal to be implemented if the previously announced acquisition proposal by Kejriwal Group International (“KGI”) is not completed. The Board of Directors believes that the availability of such an alternative is in the interest of the Company and all of its stakeholders, and had requested that holders representing about 79% of the Company’s outstanding common shares and 87% of Read More...
Brazilian pulp exports increased by 12.7% in January- July
(Sao Paulo, Brazil, Nov. 01, 2016) The planted tree industry of Brazil continues to stand out due to its important contribution to the country’s balance of trade surplus. From January through July 2016, the sector recorded a $ 3.8 billion surplus, a 7.2% growth year-over-year. Exports revenue from pulp, wood panels and paper was mainly responsible for this result, reaching R$ 4.4 billion ($1.4 billion) year-to-date, as the Brazilian Tree Industry (Ibá) said.
“When we evaluate the foreign market the Read More...