Metso will supply a major board machine rebuild for the Kemsley mill of DS SmithPaper in the United Kingdom. The start-up of the rebuilt BM 3 board machine is scheduled for the second quarter of 2012. The value of the order will not be disclosed.
Metso's delivery will include rebuilds of the forming, press and dryer sections. Additionally, Metso’s delivery will comprise a new ValSizer film sizer and a new ValSoft softnip calender. Metso’s scope also includes all installation work related to the rebuild. The rebuild will help the Kemsley mill ensure their top-quality board production. The BM 3 board machine produces high-quality testliners, and some specialty board grades in the basis weight range of 120 to 220 g/m2.
DS SmithPaper is an international supplier of recycled packaging and Europe’s leading office products wholesaler with a turnover of about EUR 2.4 billion per annum and over 12,000 employees. DS SmithPaper operates in a number of countries in Europe, and also in the USA, Australia and New Zealand.
source: metso pulp and paper
Nippon Paper Industries Co., Ltd. (President: Yoshio Haga) fires the heavy fuel oil Boiler 6 at its Ishinomaki Mill (Ishinomaki City, Miyagi Prefecture), which was badly damaged in the Great East Japan Earthquake.
At Ishinomaki Mill, with the commencement of the operation of Boiler 6, it will be confirmed that all the steam piping in each of the processes has returned to an appropriately maintained state. In addition, the continuous operation of biomass Boiler 1 is scheduled to commence in late August, and the turbine generator installed in parallel will be operated and power will be supplied to the premises.
Once the privately owned power generation has resumed as scheduled above, Paper Machine 8 will commence operations by mid-September, and the production of printing paper will resume.
International Paper has announced that it has determined to extend the expiration date for now of its tender offer for all outstanding common shares of Temple-Inland Inc. (NYSE: TIN) for $30.60 in cash. Accordingly, the offer and withdrawal rights are now scheduled to expire at 5 p.m., Eastern Time on September 8, 2011, unless further extended. The tender offer was previously scheduled to expire at 5 p.m., Eastern Time on Aug. 9, 2011.
Based on a preliminary count by the depositary for the tender offer, approximately 8.5 million shares of Temple-Inland common stock have been tendered and not withdrawn to date. Except for the extension of the expiration date, all other terms and conditions of the tender offer remain unchanged. If the tender offer is extended further, International Paper will issue a press release announcing the extension at or before 9 a.m., Eastern Time, on the next business day after the date the tender offer was scheduled to expire.
Temple Inland's stockholders may obtain copies of all of the offering documents free of charge at the SEC's website (www.sec.gov) or by directly requesting copies of all of the offering documents free of charge at Innisfree M&A Incorporated, the Information Agent for the offer, at (877) 456-3488 (toll-free). Banks and brokers may call collect at (212) 750-5833.
International Paper's dealer managers for the tender offer are UBS Investment Bank and Evercore Partners. Its legal advisor is Debevoise & Plimpton LLP.
SOURCE International Paper
International technology Group ANDRITZ showed a good business development in the second quarter of 2011 and increased all relevant key figures compared to last year’s reference period.
- Sales of the ANDRITZ GROUP amounted to 1,087.4 MEUR in the second quarter of 2011 and was thus 31.0% higher than the reference figure for the previous year (Q2 2010: 829.9 MEUR). While sales of FEED & BIOFUEL were unchanged, all other business areas noted a substantial increase in sales. In the first half of 2011, sales of the Group amounted to 2,011.1 MEUR, thus rising by 28.7% compared to last year’s reference figure (H1 2010: 1,562.2 MEUR).
- The order intake in the second quarter of 2011, at 1,978.5 MEUR, reached the highest quarterly figure in the company’s history and rose by 41.8% compared to the high level of the previous year (Q2 2010: 1,395.3 MEUR). The PULP & PAPER and the ENVIRONMENT & PROCESS business areas saw a substantial increase in order intake. In the first half of 2011, Group order intake amounted to 3,644.5 MEUR (+58.2% vs. H1 2010: 2,303.7 MEUR).
- The order backlog as of June 30, 2011, at 7,249.0 MEUR, also reached a new record level and increased by 37.0% compared to the figure at the end of 2010 (December 31, 2010: 5,290.9 MEUR).
- The EBITA amounted to 75.5 MEUR in the second quarter of 2011 (+39.3% vs. Q2 2010: 54.2 MEUR) and rose considerably more than sales. Thus, profitability (EBITA margin) increased to 6.9% (Q2 2010: 6.5%). The EBITA in the first half of 2011rose to 131.6 MEUR (97.9 MEUR in H1 2010: +34.4%), while the EBITA margin reached 6.5% (H1 2010. 6.3%).
- The net income (excluding non-controlling interests) reached 51.5 MEUR in the second quarter of 2011 (Q2 2010: 38.4 MEUR) and 88.5 MEUR in the first half of 2011 (H1 2010: 67.3 MEUR).
- The balance sheet structure as of June 30, 2011 remained solid. The equity ratio amounted to 18.6% (December 31, 2010: 19.7%). Liquid funds (cash and cash equivalents plus marketable securities plus fair value of interest rate swaps and loans against borrowers’ notes) amounted to 1,697.4 MEUR (December 31, 2010: 1,617.6 MEUR). Net liquidity (liquid funds minus financial liabilities) increased to 1,264.2 MEUR and thus was higher than at the end of last year (December 31, 2010: 1,177.0 MEUR).
Commenting on the outlook for the 2011 business year, President and CEO Wolfgang Leitner says: ‘At present, we see a good market environment and solid project activity. Only in the METALS business area, the moderate project and investment activity is expected to continue.’
Based on these expectations and the business results for the first six months of this year, the ANDRITZ GROUP continues to expect a substantial increase in sales and a rise in net income in the 2011 business year compared to the previous year. If however, the global economy suffers a setback due to the Euro and US debt crises in the coming months, this could have a negative impact on the business development of the ANDRITZ GROUP.
Some 78 per cent of all newspaper in Australia is recycled, a performance amongst the best in the world, according to a report published by the Publishers National Environment Bureau (PNEB).
The report also outlined that one of the success stories of Australian newspaper recycling has been the volumes of newsprint diverted from landfill. Since 1990, the amount of newspaper sent to landfills has dropped dramatically from 367,824 tonnes to 144,685 tonnes, that’s 39 per cent of the waste previously not recycled.
A statement from the PNEB says, “We estimate that the total waste stream to landfill has actually risen considerably over that time, from 12.3 million tonnes in 1990 to about 22.45 million tonnes in 2002 and close to double that in 2009.
“But the amount of newspapers has gone from 3.28 per cent of national landfill volumes to about 0.65 per cent.”
Kadant Inc. (NYSE:KAI) has announced that it has received orders totaling $18.1 million from two pulp and paper producers in Chile and the U.S. for chemical pulping equipment and a recycling system. The chemical pulping equipment will be used to recover chemicals in the kraft pulping process and the stock-preparation recycling system will be used to process recycled fiber for use in paper production.
Kadant also announced that it has been awarded contracts to provide chemical pulping equipment and a stock-preparation system with a combined value of $17.5 million from pulp and paper producers in Russia and China. Included in this total is a $6.1 million pending order from China that was previously disclosed during the Company's second quarter earnings call on July 28, 2011. The remaining contract awards are from a pulp and paper producer in Russia, and consist of a pending order for $4.2 million and a letter of intent for a second order for $7.2 million, for which the Company expects to receive the signed contract and down payment in the current quarter. The Company has received signed contracts for the pending orders, but will not record them as orders until the down payments are received, which is expected to occur in the third quarter of 2011. The timing and receipt of the down payments and the expected order are subject to a number of uncertainties, and there can be no assurance the Company will be able to record and recognize revenue on these pending or expected orders.
"Our selection for these large projects from Russia, China, Chile, and the U.S. demonstrate our strong position in markets around the world as well as highlight the value of Kadant's application expertise in pulping and fiber processing," said Jonathan W. Painter, president and chief executive officer of Kadant. "We were pleased to have been recognized for our product innovation, equipment reliability, and energy efficient offerings as our customers continue to seek solutions to improve energy utilization, fiber yield, and productivity. As noted during our recent earnings call, we expect to report a solid bookings performance in the third quarter of 2011."
SOURCE: Kadant Inc.
International technology Group ANDRITZ has received an order from LLC Pulp Invest, Kazan, Russia, for supply of a PrimeLineCOMPACT tissue machine. Start-up is scheduled for the end of 2012.
The PrimeLineCOMPACT II tissue machine has a design speed of 1,700 m/min and a width of 2.80 m. The scope of supply comprises the complete stock preparation plant for virgin fiber and a high-precision PrimeDry Steel Yankee dryer which provides higher drying rates than conventional cast cylinders.
With this order, ANDRITZ PULP & PAPER is further strengthening its market position as a leading global supplier of plants and key components for tissue production.
Visilab has delivered products to the pulp and paper industry since 1985. These products are portable moisture meter and on-line moisture Indicators based on reflective infrared technology.
In 2010, Visilab launched a new portable moisture meter AK30. It has been very successful and many meters are delivered in a short time in Sweden.
Now Visilab have launched the all new AK40 for positions where the budget has not previously allowed an investment. Less demanding locations, pilot equipment, research, special paper containing various ingredients. Different fiber materials, blankets, textiles.
AK40 has the same characteristics as portable AK30 but a stronger casing and the ability to link with QCS and infrared heat meters.
Featured Specifications AK40:
• new generation of on-line moisture meters
• economic, can be installed in many different positions
• fits many applications and materials, paper, cardboard, textiles,filter materials
• requiring small size of the measurement, 10 mm diameter
• very wide measuring range 0% --- 70%
• long service life 200,000 hours
• distance to the path c 10 mm
When the story of success of the charge analysis 18 years ago - especially in the paper and paper supplier industry - started, most users made there measurement with a charge detector and a external titrator. Since this time that kind of laboratory measurement instruments had no important improvements beside special measurement cells for particular applications or the possibility to measure the pH-amount.
AFG Analytic GmbH developed a all-new CAS particle charge measurement system which takes the traditional methods of measuring Streaming Potential and established a new era of technology and comfort in particle charge analysis. The difference of the CAS to conventional charge detectors is that it combines the charge detector, the titrator, the temperature compensated pH-measurement and a user-friendly software in one system.
The CAS brings it together in one simple to use portable package!
The titration function is realized by one or alternative two highly accurate computer-controlled internal dosing pumps in combination with a clear, menu driven software through a display. Expensive external titrators which are for some customers complicated to use are no longer necessary. The integrated titrator also eliminates the need for hand titrations, save time and increases accuracy. Essential in bush labs and situations where the consumption rate is very low. Fix increment titration, dynamic titration and converse-dosage (same as back-titration) are selectable from given procedures or are free configurable.
The user-friendly and powerful PC-software allows for easy handling and transfer of test results. Data can be stored, analysed, exported to Excel or a e-mailed form one platform. The features of the CAS-system allows determination of the isoelectric point (IEP), but also the examination of the correlation between pH, titrant demand and Streaming Potential.
The omission of the titrator makes the transport and the handling significant easier.
The CAS system starts a new generation of charge analysis!
Metsä Tissue, producer of tissue and cooking papers, posted net sales of 478 (456) million euros for January-June. Operating profit excluding non-recurring items dropped to 10 million euros (31). Net sales showed a year-on-year increase of roughly 5 per cent on the corresponding period last year. Growth in net sales was largely attributable to a favourable sales mix as well as advantageous exchange rates. Sales of Metsä Tissue’s own brands showed a year-on-year increase of 10 per cent, with healthy growth reported especially for Lambi, Katrin and Serla. Lambi sales for the first half of the year showed an increase as great as 13 per cent on the previous year.
Operating profit was dampened by the rising cost of pulp, recovered paper, other materials and energy as well as relatively high incremental costs related to the start-up of production in Düren, Germany.
The company’s Baking and Cooking investment programme in Düren, Germany, is proceeding on schedule, with the rebuild of both paper machine 5 and related facilities completed and the new converting lines now operational. The complete facility will be dedicated to the production of baking and cooking papers marketed under the SAGA brand.
Metsä Tissue’s three-year investment programme at the Krapkowice mill in Poland is now into the building stage. The programme announced in April includes two new paper machines, a converting line, the rebuild of one paper machine and general infrastructural development. In June the company signed a near EUR 37.0 million credit agreement with Sumitomo Mitsui Banking Corporation for financing the programme. The investment will further strengthen Metsä Tissue’s foothold in Central Europe.
During the second quarter, the company’s project for adopting a new ERP system and harmonised processes proceeded to the preparation phase, with units in four different countries preparing themselves for go-lives to take place on a phased basis. The new system and processes were already successfully adopted in Germany during the first quarter. The project will be finalised at the end of the second quarter next year.
In June, Metsä Tissue announced an exclusive agreement with Georgia-Pacific under which Metsä Tissue will obtain the licence to manufacture, sell and market the Lotus consumer tissue brand in Russia. The deal is expected to close at the end of the third quarter. Last year, Lotus consumer sales in Russia totalled around 20 million euros. The agreement will strengthen Metsä Tissue’s position in the Russian consumer tissue market, making it the second-biggest supplier in the branded category.
As the deteriorating availability and quality of locally sourced recovered paper is threatening the production of recycled fibre-based products, the company has been carefully evaluating options for mitigating the associated risks. Drivers behind the threat are the declining consumption of primary fibre based paper and increasing exports of recovered paper both in and outside Europe. The quality of recovered paper moreover threatens to deteriorate as a result of unsorted waste collection systems in certain European countries and a growing interest in the incineration of recovered paper as an energy source.
Metsä Tissue’s consumer brands, Mola and Tento, renewed their brand identity and launched new products. The new look and feel of the brands utilises key elements from the company’s Serla brand, bringing the three brands closer together and offering consumers enhanced product quality.
Lambi launched a renewed toilet paper grade in Finland last May, featuring new embossing and a new, softer and thicker base paper. In addition, Lambi also introduced new summer prints for its toilet paper, household towels and napkin ranges. Katrin introduced a new plastic-free sauna seat cover called Green Spa. Completely biodegradable and fully compostable, it is the first product of its kind to be awarded the Nordic Swan Ecolabel.
To mark the UN International Year of Forests, the Metsäliitto Group and WWF Finland concluded a cooperation agreement covering 2011 and 2012. Within the framework of this cooperation, Metsä Tissue is organising training for its personnel on themes related to sustainable development. The first training session was organised in cooperation with the WWF in June.
The demand for tissue and cooking papers is expected to remain stable and brand growth looks set to continue. Higher variable production costs and additional expenses will continue to be transferred to prices.
The successful implementation of ongoing strategic development projects, committed efforts to improve the company’s financial result and increase brand growth as well as excellence in customer and supply service will remain Metsä Tissue’s key focus areas throughout the year.