www.pulp-paperworld.com - Financial News
Tuesday, 12 July 2011 08:38
International Paper Commencing Tender Offer to Acquire All Outstanding Shares of Temple-Inland
International Paper Company announced yesturday that it is commencing a fully financed tender offer for all outstanding common shares of Temple-Inland Inc. (NYSE: TIN) for $30.60 per share in cash. The all-cash offer represents a 46% premium to Temple-Inland's closing…
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Monday, 04 July 2011 13:34
Global Timber and Wood Products Market Update
Pulpwood prices in Western US were up almost 50 percent in 2Q/11 compared to 2Q/10, while wood prices were unchanged in the US South, reports the North American Wood Fiber Review. Wood costs for pulp mills in Western US have…
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Thursday, 30 June 2011 12:00
M-real divests its Myllykoski Paper holding to UPM
M-real Corporation, a part of Metsäliitto Group, has entered into an agreement to divest to UPM-Kymmene Corporation its 35% holding in Myllykoski Paper and the capital loan M-real has granted to Myllykoski Paper. Consequently M-real books in its 2Q 2011…
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Monday, 27 June 2011 08:17
Nalco Sees Continued Pricing Progress, Targets 2H Margin Improvement
Nalco continues to achieve good price increase progress to offset higher raw material costs and will seek additional price increases as necessary to offset any further raw material inflation, the Company said today in advance of an investor webcast review…
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Thursday, 09 June 2011 10:00
Temple-Inland Adopts Stockholder Rights Plan and Declares Dividend Distribution of Preferred Share Purchase Rights
The Board of Directors of Temple-Inland Inc. has adopted a stockholder rights plan and declared a dividend distribution of one Preferred Share Purchase Right on each outstanding share of Temple-Inland common stock. Doyle R. Simons, Chairman and Chief Executive Officer…
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Tuesday, 07 June 2011 12:00
Clariant targets profitable growth with an EBITDA margin above 17% in 2015
Clariant publishes 2011 and 2015 targets including Süd-Chemie Focus on disciplined value-based performance management to drive growth Intention to reinstate dividend payments for the current business year Clariant, a world leader in specialty chemicals, has raised today its 2011 sales…
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Friday, 03 June 2011 22:25
NewPage Announces First Quarter 2011 Financial Results
NewPage Corporation (NewPage) has announced its results of operations for the first quarter of 2011. Net sales were $904 million in the first quarter of 2011 compared to $817 million in the first quarter of 2010, an increase of $87…
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Thursday, 02 June 2011 12:00
Global Timber and Wood Products Market Update
Wood costs for the global pulp industry have increased 17 percent the past two years; only the US South has bucked the trend, reports the Wood Resource Quarterly Global market pulp production increased by seven percent in 2010, which increased…
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Thursday, 19 May 2011 07:01
SCA issues EUR 600 million Eurobond
SCA has issued a EUR 600 million 5.25-year Eurobond under its EMTN (Euro Medium Term Note) programme. The bond carries a coupon of 3,625% p.a., equivalent to Euro Mid-swaps +78 bps. The bond offering was well oversubscribed. The bond was…
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Friday, 13 May 2011 08:52
Paperlinx Market Update
PaperlinX advises that trading and general economic conditions in our key European, United Kingdom and North American markets remain weak. Volumes are significantly below last year and below our expectations in Europe and the United Kingdom. Despite these market conditions…
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Thursday, 12 May 2011 10:37
Global Timber and Wood Products Market Update
Russian log and lumber exports increased substantially in 1Q/11 thanks to higher wood demand in China, Finland and Japan, reports the Wood Resource Quarterly The world’s largest log exporter, Russia, increased the shipments of logs in the 1Q/11 after having…
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Tuesday, 10 May 2011 08:22
Clariant further expands operating margin
Clariant, a world leader in specialty chemicals, today announced sales of CHF 1.717 billion for the first quarter of 2011 compared to CHF 1.817 billion in the previous-year period. Sales growth in local currencies amounted to 5%. Due to the…
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Tuesday, 10 May 2011 08:18
Xerium Technologies Announces Comprehensive Refinancing Transaction
Xerium Technologies, Inc. has announced a plan to refinance its current credit facilities. The purpose of the proposed refinancing is to extend the maturity, and fix the rate on a portion, of Xerium's debt while providing increased flexibility and liquidity.…
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Tuesday, 10 May 2011 07:55
Clearwater Paper Reports First Quarter 2011 Results with Net Sales of $465.8 Million
Clearwater Paper acquired Cellu Tissue Holdings, Inc. on December 27, 2010. The first quarter of 2011 is the first full period in which Cellu Tissue's results have been included in the company's financial statements, which inclusion represents the primary reason…
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Tuesday, 10 May 2011 07:47
Verso Paper Corp. Reports First Quarter 2011 Results
Verso's net sales for the first quarter of 2011 increased $53.0 million, or 14.6%, as the average sales price for all of our products increased 13.3% compared to the first quarter of 2010 and increased 2.5% compared to the fourth…
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