Yearly Archives: 2017
North American Producers of Coated Paper Announce Price Hikes
(USA, June 2, 2017) A number of coated paper producers in North America have announced price hikes for many of their products.
Verso is increasing the transaction price of all Coated Freesheet Sheets and Web, Coated Groundwood and Supercalendered grades, effective with all new and existing orders with confirmed delivery dates of July 1, 2017 or later, including but not limited to:
• Coated Freesheet Sheets: $2.00/cwt USD/$2.70/cwt CAD: Sterling® Premium sheets/sheeter rolls; Productolith® Pts. sheets/sheeter rolls; Anthem Plus® sheets/sheeter rolls.
• Coated Freesheet Read More...
CNG’s Lindenmeyr Munroe Division Acquires Minnesota’s Independent Paper Group
(USA, June 2, 2017) Central National Gottesman Inc. (CNG) announced today that its Lindenmeyr Munroe paper distribution division will acquire the business of St. Paul-based Independent Paper Group, LLC (IPG) in Minnesota.
IPG specializes in a wide range of paper products for the commercial printer, including digital, wide-format and business imaging products. It is a division of Murnane Paper Company, headquartered in Elmhurst, Illinois.
“We believe we will continue to have many opportunities for Lindenmeyr Munroe to expand in the Midwest, Read More...
Total U.S. Printing-Writing Paper Shipments Decreased 7% in April
(Washington DC, USA, May 25, 2017) The American Forest & Paper Association has released its April 2017 Printing-Writing Paper Report. According to the report released on May 24, 2017, total printing-writing paper shipments decreased 7% in April compared to April 2016. All four printing-writing grades posted year-over-year shipment declines in April, though the decline for coated free sheet was less than one-half of one percent. Total printing-writing paper inventory levels increased 2% from March 2017.
Uncoated free sheet (UFS) paper Read More...
Andritz to acquire Paperchine
(Graz, Austria, May 31, 2017) ANDRITZ announced that it has signed a contract for the acquisition of Paperchine, Inc., owned by AstenJohnson Holdings Ltd., headquartered in Charleston, South Carolina. Paperchine and its subsidiaries have approximately 180 employees in total and manufacturing facilities in the USA (Rockton, IL, Springfield, MA, and Tucker, GA), Canada (Vancouver), Thailand (Bangkok), and Germany (Maintal).
Terms of the deal were not disclosed. The purchase is subject to approval by the antitrust authorities and is expected to Read More...
Kruger Completes Commissioning of Rebuilt PM10, Linerboard Production Started
(Canada, May 31, 2017) Kruger Inc. today announced that it has completed the start-up phase of No. 10 Linerboard Machine and begun production of XTR,
a next-generation product offering the highest strength-to-basis-weight ratio in North America. XTR is 100%-recycled and backed by Kruger’s 50+ years of experience in the production of eco-friendly containerboard products.
Kruger completed the PM10 rebuild as scheduled and on budget, after 500,000 hours of construction work over a period of 20 months. The company invested $250 Read More...
VTT to Expand Its Bio and Circular Economy Pilot Centre
(Helsinki, Finland, June 1, 2017) VTT Technical Research Centre of Finland will expand the operation of the Bioruukki pilot centre located in Espoo, from thermochemistry to novel ways of biomass utilisation, recycling of textile fibres and green chemistry technologies. The pilot centre will develop into a new kind of an ecosystem, welcoming companies and research organisations to develop their ideas towards industrial-scale production. The world markets for bioeconomy and circular economy products and technologies are in strong growth, and Read More...
Grupo Gondi to Build New Containerboard Mill in Mexico
(Mexico, June 1, 2017) Grupo Gondi announced that it will build a new paper mill in Mexico that will have the capacity to produce over 350,000 metric tons per year of containerboard and will provide reliable, high-quality medium and linerboard for Gondi’s converting operations and third parties.
“We are pleased to invest in this new manufacturing facility, which will help us enhance our service and position in the growing packaging market in Mexico,” said Eduardo Posada, CEO of Grupo Gondi. Read More...
Presentation: Fibria Celulose (FBR) presents at Santander Pulp & Paper Day
(Brazil, May 25, 2017) The following slide deck was published by Fibria Celulose S.A. in conjunction with this event: Pulp & Paper Day – Santander SP May 24, 2017.
From the presentation: "What can we expect in 2017" [click on image to magnify]
To download report, Click Here: Corporate Presentation Santander P&P Day.pdf (Source: Fibria) Read More...
Rayonier Advanced Materials to acquire Tembec for $807 million; buoys Rayonier’s pulp capacity beyond current 485Kt of high purity cellulose and 245Kt of “commodity”
(Montreal, Canada, May 25, 2017) Rayonier Advanced Materials Inc. and Tembec Inc. today announced a definitive agreement under which Rayonier Advanced Materials will acquire Tembec, providing the combined company with leading and complementary positions in key high purity cellulose end-uses and diversified earning streams from packaging, paper, high-yield pulp and forest products businesses. With its expanded geographic reach, enhanced R&D capabilities and broader, more flexible asset base, the combined company will offer customers exceptional product breadth across the spectrum Read More...
Link / India: JK Paper lines up Rs 650 crore for investment, capex
(Chennai, India, May 24, 2017) JK Paper Ltd (JKPL) has lined up an investment of around $100 million (Rs 650 crore), part of which will be accounted for by the International Finance Corporation (IFC) putting in around $50 million.
The proposed project entails capacity expansion and efficiency improvement, capital expenditures at the two existing plants, and debt refinancing.
The proposed IFC investment is in the form of secured non-convertible debentures (NCDs) of up to Rs 325 crore ($50 million equivalent). The Read More...
Fitch Downgrades Klabin’s ratings to BB+; outlook revised to Stable
(Rio de Janeiro, 16 May 2017) Fitch Ratings has downgraded Klabin S.A.’s (Klabin) Long-Term Foreign and Local Currency Issuer Default Rating (IDR) to BB+ from BBB-, and its national scale long-term rating to ‘AA+(bra)’ from ‘AAA(bra)’. At the same time, Fitch has downgraded the rating of the USD500 million senior unsecured notes due in 2024 issued by Klabin Finance S.A. and guaranteed by Klabin to ‘BB+’ from ‘BBB-’. The Rating Outlook for the corporate ratings was revised to Stable Read More...
Link: BILT Graphic debt update – “may get a cash infusion of Rs. 400 crore”
(New Delhi, May 23, 2017) The debt-laden Ballarpur Industries Ltd (BILT) may get a cash infusion of Rs. 400 crores from Edelweiss ARC for itself and its subsidiaries, Live Mint reported last month. BILT is reported to be saddled with an estimated consolidated debt of over Rs6,000 crore.
As per the Live Mint report [dated April 23], Edelweiss Asset Reconstruction Co., which acquired a large portion of BILT Graphic Paper Products Ltd’s loans, is in talks to infuse as much Read More...
Link / UK: real book sales surge as ebooks slow down
(London, May 2017) The digital revolution was expected to kill traditional publishing. But print books are ever more beautifully designed and lovingly cherished
After reaching a peak in 2014, sales of e-readers and ebooks have slowed and hardback sales have surged. The latest figures from the Publishing Association showed ebook sales falling 17% in 2016, with an 8% rise in their physical counterparts. At the same time, publishers’ production values have soared and bookshops have begun to fill up with Read More...
Link: Indonesia’s PT TEL to replace acacia with eucalyptus pellita
(Singapore, May 19, 2017) Indonesian market pulp producer PT Tanjung Enim Lestari (PT TEL) is replacing acacia mangium, the tree species that once dominated its 300,000 ha of concessions, with eucalyptus pellita.
To read complete report Go To: PT TEL opts for eucalyptus pellita as pulp furnish in Indonesia (Source: RISI)
Cover Image: an eucalyptus pellita plantation
Read More...
Print media in India growing … despite digital news
(Mumbai, India, May 09, 2017) Contrary to trends in the developed world where print circulation is losing to digital news, the print media in India is growing, as per an Audit Bureau of Circulation (ABC) press release.
According to Audit Bureau of Circulation (ABC) data, print publications in this country had an increase in average daily circulation of 23.7 million copies from 2006 to 2016.
From 39.1 million in 2006, the average number of copies circulated a day grew to 62.8 Read More...