Ashland Inc. (NYSE: ASH) today announced that on Wednesday, Nov. 9, at 9 a.m. EST, it will conduct a live webcast of its fourth-quarter earnings presentation to the investment community. The presentation will cover results for the quarter ended Sept.…
International Paper has announced the appointment of Sharon R. Ryan to the position of Senior Vice President, General Counsel and Corporate Secretary effective November 1, 2011. The Board of Directors approved the promotion of Ryan following her role as Acting…
Tembec has announced that that Pine Falls Development Corporation (PFDC) has acquired the Tembec Pine Falls, Manitoba mill property and assets. PFDC is an investment project of NRI Global Inc., a company that acquires and manages assets throughout North America.…
Thursday, 13 October 2011 10:00

Brazil’s pulp exports

Brazil’s Pulp and Paper Assn (Bracelpa) reported today that bleached eucalyptus kraft (BEK) pulp exports grew 15.8% to 678,000 tonnes in August compared to the same month of 2010. Meanwhile, apparent consumption dropped 11.2% to 458,000 tonnes and production edged…
Verso Paper Corp. has announced that it will permanently reduce its annual production capacity by 193,000 tons. This will be accomplished by the permanent shutdown of the No. 2 coated groundwood paper machine at its mill in Bucksport, Maine, effective…
AbitibiBowater has announced that it will change the Company name to Resolute Forest Products as of November 7, 2011. "We are changing our name to Resolute Forest Products to better reflect the fundamental characteristics of the Company we are today,…
Transaction Will Create a North American Leader in Protective Packaging Sonoco, one of the largest diversified global packaging companies, today announced that it has signed a definitive agreement to acquire Tegrant Corporation, a leading provider of highly engineered protective, temperature-assured…
International technology Group ANDRITZ has acquired the assets of Tristar Industries Ltd. The action combines ANDRITZ’s strengths as an original equipment manufacturer with Tristar’s capabilities as a quality rebuild and manufacturing facility. ANDRITZ will operate the former Tristar facility in…
Metso Batch Cooking Optimizer plays an important role in the control of raw materials and energy flows Metso will supply an advanced batch cooking optimization solution to the specialty cellulose pulp mill of AV Cell Inc. in Atholville, Canada. The…
Wednesday, 05 October 2011 11:00

AbitibiBowater Announces Further Debt Reduction

AbitibiBowater Inc. announced today that the Company would take advantage of its strong liquidity position to redeem an additional $85 million of its debt. The redemption will reduce AbitibiBowater's total debt to a face amount of approximately $586 million. This…
Tembec Executive Vice President and President, Paper and High-Yield Pulp Group, Chris Black announced the appointment of Ken Duffy to the role of Vice President of Sales for the High-Yield Pulp. Reporting to Chris Black, Ken will be responsible for…
Stora Enso’s and Arauco’s Montes del Plata joint-venture pulp mill project is proceeding and the external financing for the project has been finalised. Montes del Plata has signed the loan agreements and as part of the financing arrangements, Stora Enso…
Commercial Property Insurer’s Favorable Underwriting Performance and Loss Prevention Engineering Expertise is Recognized JOHNSTON, R.I., USA—Fitch Ratings has affirmed the 'AA' (Very Strong) financial strength rating of FM Global and stable rating outlook. “The ratings continue to reflect FM Global's…
Xerium Technologies, Inc., a leading global manufacturer of industrial textiles and rolls used primarily in the paper production process, today announced its participation in the following upcoming event with the financial community: What: Imperial Capital's 5th Annual Global Opportunities Conference…
Wednesday, 28 September 2011 15:00

Cascades Closes its Burnaby Containerboard Mill

Cascades Inc. (TSX: CAS), a leader in the recovery of recyclable materials and the manufacturing of green packaging and tissue paper products, announces that its Norampac division will close its containerboard mill located in Burnaby (British Colombia). The Burnaby mill…