Yearly Archives: 2017
Stora Enso invests Euro 28 million in Heinola fluting mill
(Helsinki, Finland, Feb. 06, 2017) Stora Enso is investing Euro 28 million at its Heinola fluting mill in Finland. The investment improves quality as well as increases production capacity of its AvantFlute SC product portfolio. Implementation of the investment is scheduled to start immediately with completion in the 2Q 2018.
AvantFlute SC is semi-chemical fluting made from virgin fibre and is developed especially to endure demanding conditions. The production capacity of AvantFlute SC will increase by 15,000 tonnes once the Read More...
Mondi Group Acquires Excelsior Technologies for GBP 33 Million
(London, Feb. 6, 2017) Mondi Group has acquired 100% of the outstanding share capital of Excelsior Technologies Limited from funds managed by Endless LLP and certain other minority shareholders, for a total consideration of GBP 33 million (EUR 38 million), on a debt and cash-free basis.
Excelsior is a vertically-integrated producer of innovative flexible packaging solutions, mainly for food applications, with a unique packaging technology for microwave steam cooking. With two plants, located in Deeside (Northern Wales, UK) and Nelson Read More...
UPM to switch off PM 3 at Steyrermühl end of March; 305K tpy of publication paper capacity taken off the market
(Helsinki, Finland, Feb. 02, 2017) After the closure of PM 2 at the Augsburg site at year-end, UPM has now announced it would permanently shut down the PM 3 at the Steyrermühl mill at the end of March. Employee consultation processes at both mills have been concluded.
UPM has set a date for the closure of the PM 3 at its Steyrermühl site in Austria. The company said it would switch off the SC paper machine at the end of Read More...
UPM denies speculations of alleged pulp mill investment in Uruguay
(Helsinki / Montevideo, Feb. 03, 2017) UPM recently stated that it is not engaged in negotiations on a pulp mill investment with the Uruguayan government. As earlier announced, the company is considering prospects and prerequisites for long-term development in Uruguay. Currently UPM is engaged in discussions with the Government of Uruguay on infrastructure development.
The discussions with the Government of Uruguay have proceeded in positive spirit. The start of any investment project concerning a potential pulp mill would require a Read More...
SCA fined by Poland’s competition watchdog
(Warsaw, Feb. 01, 2017) Poland’s competition watchdog UOKiK has handed fines for a total of PLN 3.29 million (€750,000) to SCA Hygiene, SCA Hygiene Products and the companies’ distributors in the Polish market.
“The unlawful cooperation was related to the prices of hygienic products, such as paper towels … and tissue paper,” the authority said in a statement.
The UOKiK said that the companies agreed on the minimum re-sale prices of their products for institutional customers, and, as a result, Read More...
Romanian tissue paper maker secures €24M to increase output capacity
(Bucharest, Romania, Feb. 06, 2017) Romanian tissue paper producer Pehart Tec has obtained a loan of about €24 million from a group of three local banks.
The funds, provided by Banca Comerciala Romana, EximBank and Banca Transilvania, are to be used by the firm to finance its investments plans. Pehart Tec is aiming to increase and modernise its output capacity, reports local business daily Ziarul Financiar.
Pehart Tec is controlled by investment fund Abris Capital Partners. The manufacturer owns two production Read More...
Metsä Tissue becomes fully owned by Metsäliitto Cooperative
(Helsinki, Finland, Feb. 06, 2017) Metsä Group’s parent company Metsäliitto Cooperative has purchased Jozef Antosik’s 9% ownership share in Metsä Tissue Corporation. As a result of the transaction Metsäliitto Cooperative owns the entire share capital in Metsä Tissue Corporation.
Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh fibre paperboards and tissue and cooking papers. (Source: press release)
Read More...
U.S. Paper and Wood Products Manufacturers Strive to Build on Industry Sustainability Progress
(Washington, DC, Feb. 4, 2017) Underscoring the U.S. pulp, paper, packaging, tissue and wood products manufacturing industry's commitment to sustainability, the American Forest & Paper Association (AF&PA) today announced a greenhouse gas (GHG) reduction goal of 20 percent by the year 2020 under its Better Practices, Better Planet 2020 initiative.
The Better Practices, Better Planet 2020 sustainability project includes one of the most extensive sets of sustainability goals established for a U.S. manufacturing industry. In its 2016 Sustainability Report, AF&PA Read More...
4Q/16 Global HW Pulp Market Review: sharp recovery in demand supported price hikes for China and Europe
(Sao Paulo, Brazil, January 31, 2017) The fourth quarter of 2016 was marked by a recovery in demand, especially in Asia. Fibria’s sales volume improved year-on-year. Sales reached 1.584 million t in the quarter. Hardwood pulp saw a growth of 1.270 million t in global demand for BEKP (2016 vs. 2015).
Pulp Sales (2016 vs. 2015)
Source: PPPC W20 –December/2016
This growth, combined with the scenario of depreciated prices and more balanced than expected short-term prospects for new capacity, has allowed the Read More...
Fibria ends 2016 with higher sales, strong net income growth and robust cash position
(Sao Paulo, Brazil, January 31, 2017) Fibria, a Brazilian forestry company and the world’s leading eucalyptus pulp producer, reported sales volume of 5.504 million tons in 2016, or 8% more than in 2015. In 4Q16, sales volume came to 1.584 million tons, increasing 21% from 4Q15.
Result Highlights:
• Pulp sales in 4Q16 came to 1.584 million tons, up 21% from 4Q15. Sales volume in 2016 amounted to 5.504 million tons;
• Net income for 2016 was R$1.664 billion, an increase of 365%. The Read More...
Klabin Reports Fourth Quarter, Full 2016 Results
(Sao Paulo, Brazil, Feb. 02, 2017) Klabin reported consecutive growth in its results for the fourth quarter of 2016 and for the fiscal year. The company posted adjusted EBITDA (earnings before interest, tax, depreciation and amortization) of R$653 million in the fourth quarter of 2016, up 8% from same quarter of 2015. In 2016, EBITDA amounted to R$2,287 million, growing 16% compared to 2015.
Total sales volume (excluding wood) was 777,000 tons in the last quarter of 2016, up 56% Read More...
International Paper reports 4Q net sales of $5.4 billion
(Memphis, USA, Feb. 02, 2017) International Paper (NYSE: IP) today reported full-year 2016 net earnings attributable to International Paper of $904 million ($2.18 per share) compared with net earnings of $938 million ($2.23 per share) for full-year 2015. In the fourth quarter of 2016, the Company reported net earnings of $218 million ($0.53 per share) compared with $178 million ($0.43 per share) in the fourth quarter of 2015. Net earnings in all periods include the impact of special items, Read More...
NPI enters India’s paper container processing business; has acquired India’s largest paper cup manufacturer
(Tokyo, Jan. 31, 2017) Nippon Paper Industries in December 2016 decided to acquire 100% of the issued stock of Plus Paper Foodpac Private Limited, India's largest paper cup manufacturer, aiming to complete the acquisition in January 2017. This will be a part of NPI group's overseas expansion initiative for the paper container processing business following its recent plant opening in Vietnam.
In its fifth medium-term business plan (from FY 2015 to FY 2017) NPI has been challenging itself to transform Read More...
A.Celli Paper to supply four tissue rewinders to Jiangxi mill
(Italy, Feb. 01, 2017) Shanghai Taison Pulp-Making, Taison Group, ordered 4 of tissue rewinders from A.Celli Paper to be installed in its Jiangxi Jiujiang mill in 2017.
These new tissue rewinders have a 5600-mm format and aworking speed of 1000 mpm; they are equipped with 4 unwind stands, calendar, slitter system, winding system, dust removal system, etc.
Shanghai Taison Pulp-Making (Group) Co., Ltd based in Shanghai, China, is a large comprehensive international group enterprise integrating forestry, pulp-making, plastic packaging, timber processing, Read More...
Sappi launches new website
(Johannesburg, South Africa, January 30, 2017) Sappi Limited (JSE), a leading global provider of sustainable woodfibre products and solutions, today announced the launch of its new website with significant updates benefitting customers, investors, employees and other stakeholders. This newly redesigned website is one of the many steps Sappi is taking to unite its global divisions as part of its groundbreaking 2020Vision strategy, which seeks to pursue growth opportunities in the woodfibre industry.
The new www.sappi.com features full descriptions of products Read More...