Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) has just announced that it has entered into a definitive asset purchase agreement with New-Indy Containerboard, LLC ("New-Indy") for the sale of its Catawba, South Carolina, paper and pulp mill, for a total purchase price of about $300 million, consisting of $260 million in cash, subject to customary closing adjustments, and the assumption of approximately $40 million of balance sheet liabilities, largely net pension benefit obligations.
Catawba's operation includes a kraft mill and a pulp dryer to produce market pulp, a thermomechanical pulp mill as well as a lightweight coated paper machine. The facility currently employs 460 people.
Under the terms of the asset purchase agreement, New-Indy will offer employment to Catawba employees effective upon closing of the transaction, which is expected at or around year-end. The sale is subject to certain closing conditions.
"This transaction will allow us to realize significant value for an asset whose greatest earnings potential lies with the investment in and diversification of the mill's operations, as proposed by New-Indy," stated Yves Laflamme, president and chief executive officer of Resolute. "We are pleased that the mill will continue to operate and benefit the local community, both economically and socially."
Without the Catawba operation, we estimate that Resolute's operating income, excluding depreciation and amortization, for the 12 months ended June 30, 2018, would have been approximately $25 million, or 5%, lower. Including depreciation and amortization of $15 million, the operating income would have been about $10 million lower. These figures are not indicative of expected results for periods subsequent to June 30, 2018, particularly in light of recent price increases for market pulp and coated paper products.
"We expect to use the proceeds from this asset sale to further reduce our net debt and improve shareholder value," added Laflamme. "We will continue to explore high-return strategic opportunities to grow our core businesses in line with our transformation strategy. Over the coming days, we will communicate with our customers to discuss the impact of the transaction and the transition of supply for their orders of lightweight coated paper and market pulp."
New-Indy is an independent manufacturer and supplier of recycled containerboard to the corrugated box industry. The company was formed in 2012 as a joint venture by The Kraft Group, LLC and Schwarz Partners, LP. Headquartered in Ontario (California), New-Indy operates manufacturing facilities in Ontario and Oxnard (California), Peoria (Illinois) and Hartford City (Indiana), along with a recycling facility in Kendalville (Indiana).
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, tissue, wood products, newsprint and specialty papers, which are marketed in close to 70 countries. The company owns or operates some 40 manufacturing facilities, as well as power generation assets, in the United States and Canada. Resolute has third-party certified 100% of its managed woodlands to internationally recognized sustainable forest management standards. The shares of Resolute Forest Products trade under the stock symbol RFP on both the New York Stock Exchange and the Toronto Stock Exchange.
Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices. Visit www.resolutefp.com for more information.
SOURCE Resolute Forest Products Inc.
Successful start-up of a new E-WIND® T200 rewinder by A.Celli Paper in Portugal
On September 3, the E-WIND® T200 was started-up at The Navigator Company plant in Cacia, in northern Portugal.
This rewinder, which manages rolls of 5670 mm on the unwinder, with diameters up to 3000 mm and for a weight of between 11 and 40 gsm, was designed to meet all of the customer's needs, ensuring excellent performance and a maximum operating speed of 1800 mpm.
The machine, equipped with a "Full Enclosure" dust removal system, is incorporated in a self-supporting aluminium and polycarbonate structure, which permits maximum containment and the relative reduction of dust deriving from unwinding, rewinding and cutting processes.
A long track record, a high level of expertise and close customer relations have once again made it possible for A.Celli Paper to develop an important partnership, this time with The Navigator Company
PM3 was successfully started-up on 19 September 2018.
This turn-key plant is the 3rd one supplied by Recard to Drenik ND after PM1 (2004) and PM2 (2008). An identical plant will be supplied to Drenik Hungary in 2019.
The Recard’s supply included a Crescent Former machine in a 1850-mpm speed and 2850-mm format with a production capacity of 120 tpd, will be fed by two stock preparation lines for virgin fibers and equipped with two rewinders (one pneumatic with one backstand and one hydraulic rewinder with 4 backstands), complete electrical plant, DAF system, integrated recovery boiler, mist and dust extraction systems and hall ventilation.
“Drenik Sebia PM3 synthetizes all Recard’s features: Hi performances, user friendliness and energy saving.” says Mauro Michelini – General Manager of Recard “With this tissue plant continues the series of Recard successful start-up in which the first reel is perfect and sellable. The accuracy of our projects, the manufacturing quality and the care we give to the installation, ensure the respect of all customer’s targets.”
DRENIK is one of the largest manufacturer of tissue paper in Southeast Europe and consists of a group of industrial and commercial companies in the field of tissue products. Actually the group Drenik DN has more than 700 employees and operates in the two factories: DRENIK Belgrade and DRENIK Hungary.
Besides the Drenik's production and development of the brand's PERFEX and Boni the factory also produce the private label products for renowned wholesalers, trading companies and retail chains in Southeast Europe.
Since the promotional launch and presentation during the "iT's Tissue" event, the A.Celli solution has gained more recognition than ever before
A.Celli Paper is pleased to announce the start of a series of supplies of the iDEAL® Forged_YD new generation Yankee.
Specifically, in this case, we are talking about valuable collaboration with the Mexican customer Blue Tissue S.A.P.I. de C.V., sealed with an agreement for the supply of an iDEAL® Forged_YD – 16" new generation Yankee Cylinder for the Apizaco plant, in the district of Tlaxcala, Mexico.
This extraordinary result is thanks to the investment strategy of A.Celli, aimed at increasing its influence in the tissue and paper sectors with the development of highly innovative technological solutions.
iDEAL® forged YD is the new production technology conceived and patented by A.Celli Paper, characterised by a cylinder with a shell made from a single piece of steel that is shaped and worked with hot forging and rolling systems.
The result is a highly innovative and seamless product that stands out for its exceptional quality of manufacture.
The uniform material and the unique structure, free from processing stress, allow for greater variation in operating pressure and definitively eliminate the risk of breakage.
A.Celli Paper iDEAL® forged YD: the future of Steel Yankee Dryers!
For more information, please contact us.
A.Celli Paper is pleased to announce its participation in the cycle of conferences of the twenty-fifth edition of the MIAC – International Exhibition of Paper Industry, which will be held in October 2018 (on the 10th, 11th and 12th) at the Lucca Fiere Exhibition Centre.
The company’s contribution to the MIAC TISSUE CONFERENCE – First Session, is titled “Turnkey Solution: A.Celli Paper’s answer for a more efficient production system“, and is scheduled to take place at 4:45 pm on October 10th, 2018. Anyone wishing to attend needs to pre-register through the official channels of MIAC 2018.
Daniele Checcacci (Head of Sales Capital at A.Celli Paper S.p.A.) will talk about A.Celli Paper’s solutions for complete turnkey systems: from the Tissue Ideal® machines to the E-WIND® rewinders and Roll Handling & Packaging systems R-Way®, for complete, optimised and customised management of the production process that allows the company to further strengthen relations with its esteemed customers.
A.Celli Paper will also be delighted to welcome you to stand 1 and show you the latest in its Research & Development, as well as the extensive range of services provided in the field of industrial automation – Industry 4.0
For any further information and/or to make an appointment at A.Celli’s stand, contact us here.
ICL’s core business in the UK is manufacturing chemicals for water treatment, and the supply of commodity chemicals to the steel, manufacturing, food and paper making industries.
ICL wanted a solution to improve the process of inspecting their tanks, which store chemicals and raw materials.
In order for ICL to comply with COMAH (Control of Major Accident Hazards), health and safety guidelines and maintenance best practise its tanks need to go through a rigorous inspection process, ensuring they are maintained correctly.
The tank inspections are conducted quarterly and are also inspected by a third party every 5 years.
ICL chose to work with CoreRFID by introducing RFID tagging to easily identify each tank and using its Tank Inspection System, CheckedOK. This widely used system helps improve safety management in construction, engineering, manufacturing and chemical industries by enabling customers to easily collect and access inspection data using handheld computers; Android and Windows tablet devices or mobile phones.
The main aim was to provide ICL with increased accountability and reassure themselves and the Health & Safety Executive (HSE) that the tanks are being inspected as required, third part inspections are accounted for and that any works orders generated are prioritised and closed off.
Implementing RFID System
ICL already had an existing Access database used to log the historical data of the inspections.
CoreRFID’s proposal implemented Ultra High Frequency (UHF) RFID technology as an extension to the IBC RFID project already being rolled out with ICL.
An RFID tag was installed on each tank to uniquely identify each vessel. This now allows inspectors to use a handheld RFID scanner to interrogate the tag.
This has provided ICL with a whole host of benefits:
- Eliminated paperwork or double handling of information
- Bespoke pre-set questions were designed specifically for ICL requirements
- Photographs can now be taken to append additional information
- RFID proves ICL with visit and inspection route
- KPI’s are automatically and easily interrogated
CoreRFID’s technical director Munzi Ali comments: “We’re delighted to have worked with ICL on this successful project. ICL is now able to conduct its inspections with greater efficiency, whilst also improving the health and safety of the inspection process.’
CoreRFID is continuing to provide additional support to ICL.
Metsä Group’s innovation company Metsä Spring Ltd. and Japanese Itochu Corporation establish a joint venture, which invests approximately EUR 40 million in building and operating a test plant, with the aim to demonstrate a new technology for converting paper-grade pulp into textile fibres. Business Finland, a Finnish governmental funding agency, participates in the financing of the demo project with an R&D loan.
The textile fibre demo plant will be located next to Metsä Group’s bioproduct mill in Äänekoski, Finland. Construction of the demo plant, with an annual capacity of about 500 tonnes, begins in October 2018 and it is planned to be started up in late 2019. The general engineering partner is Sweco.
”With the plant, and the demonstration project related to it, we aim to prove the technical feasibility of the new textile fibre production technology. Based on the results of the demonstration project, we can then evaluate the technical and economic realities of building a clearly larger plant in Finland in the future. During the demonstration project, which is expected to last two to three years from the start-up of the plant, we will also gather customer feedback related to the new fibres,” comments CEO of Metsä Spring Niklas von Weymarn.
The new technology to be studied and further developed in the demo project is based on direct dissolution using a novel solvent for the pulp dissolution stage. Metsä Group’s wet paper-grade pulp will be used as the raw material. The new technology is estimated to be more environmentally-friendly than the textile fibre production technologies currently in use. The basis for the new technology has been developed in joint research programmes, starting in 2009. The main collaborators, in terms of development of the technology, include Aalto University, University of Helsinki, VTT Technical Research Centre of Finland and TITK from Germany. Metsä Group’s own active development work started in 2012.
The textile fibre demo plant is the first investment of Metsä Spring, established in May 2018. Metsä Spring invests together with partners in new endeavours with the target to identify and develop new business opportunities within the sustainable forest-based bioeconomy and circular economy.
Metsä Group is a forerunner in sustainable bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh fibre paperboards and tissue and cooking papers.
Metsä Group’s sales totalled EUR 5.0 billion in 2017, and it employs approximately 9,100 people. The Group operates in nearly 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 104,000 Finnish forest owners.
As an SAP gold partner, T.CON is platinum sponsor of the upcoming International SAP Conference for Forest Products, Paper and Packaging 2018, taking place in Prague, October 16-18, 2018. This conference is the largest SAP event of the paper and packaging industry and the only customer-centric event of its kind globally.
Contributing to this global event for the mill industry in numerous ways, T.CON has been working around the clock to bring the latest SAP advancements to the mill products industry. The cutting-edge solutions T.CON’s experts developed using SAP technology will be available at the International SAP Conference. Visitors will learn how to set new standards in terms of productivity and efficiency in production. Tailored for the specific needs of the mill process industry, T.CON will show companies how to reach new heights of Smart Manufacturing.
"We enable our customer to gain full transparency of their production processes at their fingertips, so they can focus more on achieving their business goals," says Bradley Robb, International Business Developer at T.CON.
T.CON is proud to co-host the “Manufacturing Operational Excellence with SAP® Software” Workshop with John Harrison, Senior Solution Specialist, IBU Chemicals, from SAP Canada. Participants can find out how SAP solutions and MES CAT software support the manufacturing environment for both discrete and process industries. T.CON’s MES CAT was built specifically for the Mill Industry. The workshop will take place October 16, 2018, from 13.30h - 17.00h. To register, please visit: https://goo.gl/mZEWF3
At the customer presentation, “The digital future: a roadmap to operational excellence,” participants can learn based on firsthand experience from T.CON's customer Model AG. Sharing their best practices, visitors can learn how Model AG is now equipped for the digital transformation.
In the “Top Floor to Shop Floor – Smart Manufacturing in the Mill Industry” presentation, Karl Fuchs (Managing Director, T.CON) and Thomas Blöchl (Business Unit Manager MES | Member of the Board, T.CON) will outline how to ease the path to Smart Manufacturing. Maximizing manufacturing productivity with a digital twin, optimizing the entire production chain and the steps to operational excellence through real-time KPIs are just some of the highlights.
Industry leaders rely on T.CON to build the future of their business. Conference attendees can see T.CON’s best-in-class solutions in the presentation “T.CON Smart for Mill -- 5 key elements of a sophisticated manufacturing solution,” which enable customers to achieve smart manufacturing.
T.CON is known for its expertise in SAP solutions and has many years of experience working with companies of any size to implement SAP solutions and develop state-of-the-art software solutions. Come to the International SAP Conference for Forest Products, Paper and Packaging and see all what T.CON has to offer to make the most out your business.
SAP and SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.
For more information visit https://bit.ly/2OFsXj5
Toscotec signed an agency agreement for both its Tissue and Paper & Board divisions with Chemitex Egypt for Trading & Agencies, S.A.E. to increase its sales in the Egyptian market, where it recently landed a number of P&B rebuilding orders.
Toscotec entrusted Sameh Habib, founder and owner of Chemitex-Egypt, with the agency. Habib has fifteen years of sales experience in the tissue and paper industries in Egypt.
Following the deal with Toscotec, Habib said, “The Egyptian paper and tissue market has a high growth potential. Toscotec’s technology fits very well in this market for its strong focus on customization and flexibility, paired with energy reduction.Building on our customer portfolio and the relationships of mutual respect, trust, and cooperation we established, we expect to see promising results in the coming years”.
Clearwater Paper Corporation (NYSE: CLW) has just announced a key divisional executive appointment. Effective October 1, 2018, Steve Bowden is named senior vice president and general manager of the pulp and paperboard division.
"Steve truly exemplifies our core values and brings to Clearwater Paper his extensive experience in the print, packaging, and paperboard manufacturing businesses,” said Linda K. Massman, president and chief executive officer. “I am confident that with Steve’s leadership, we will continue to strengthen our position as a leading manufacturer of high-quality paperboard while continuing our focus on operational efficiencies.”
Before joining Clearwater Paper, Mr. Bowden was the president of the America’s food and beverage division for Multi-Color. He also held key leadership roles at International Paper, including the executive vice president of marketing and strategy for xpedx, formally an International Paper division, and mill manager for the company’s Augusta, Georgia, coated paperboard facility.
Mr. Bowden received his Bachelor of Science in Chemical Engineering from Auburn University and completed executive programs at Louisiana State University and the Kellogg School of Management at Northwestern University.
ABOUT CLEARWATER PAPER
Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The company is a premier supplier of private label tissue to major retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores. In addition, the company produces bleached paperboard used by quality-conscious printers and packaging converters, and offers services that include custom sheeting, slitting and cutting. Clearwater Paper's employees build shareholder value by developing strong customer partnerships through quality and service.
For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com