Rottneros has concluded a new agreement for operations financing with Danske Bank. Under the agreement Danske Bank will take over the operations financing arrangement previously placed with a bank consortium comprising five banks, where Danske Bank was one of the…
Cariboo Pulp and Paper Co.’s mill in Quesnel and Canfor Pulp's Northwood mill in Prince George are the latest pulp mills in B.C. to be earmarked for federal government money to reduce their environmental footprint. The Cariboo and Canfor…
Cariboo Pulp and Paper Company and BC Hydro have reached an agreement that will allow the mill to upgrade its systems to create 160 gigawatt hours of steam-generated clean electricity to sell to BC Hydro each year – enough to…
Russia has announced that it is freezing its timber export duties on their current level; the change took affect at the turn of the year and the freeze will remain in place until Russia joins the WTO. It would have…
Tembec has announced that its wholly owned subsidiary Tembec Tartas SAS will be making an investment in a green energy project at its specialty dissolving pulp mill located in Tartas, France. The project, which includes a new 18 megawatt steam…
As already announced, there has been a change in the senior management of the Körber Group’s Paper Division. Hildemar Böhm (51), previously CEO of the Mechanical Equipment Segment within the GEA Group, took up his new position as Chairman of…
State lawmakers convening in Olympia are looking under every pebble for new money. They must write a budget with as much as 20 percent less tax revenue. Often when cash is short, some want to repeal the so-called “tax loopholes.”…
Södra has confirmed that it is maintaining its price for softwood pulp in Europe at USD 950 per tonne, valid from 1 January 2011. “The market for softwood pulp is balanced”, said Ulf Edman, president of Södra Cell International. For…
Pöyry's Energy business group has been awarded the engineering, procurement and construction contract for a tall oil plant of Mörrum Mill in Sweden by Södra Cell AB. The value of the assignment is not disclosed. The project will be executed…
Ahlstrom Corporation, a global leader in nonwovens and specialty papers, today announces that it has signed a EUR 45 million loan agreement with the European Investment Bank. The loan will be used for research and product development and innovation purposes…
AbitibiBowater will host a management conference call and webcast to discuss the emergence from its financial and operational restructuring at 9:00 a.m. (Eastern) on Friday, January 14, 2011. Interested parties may listen to the one-hour live conference call by dialing…
Temple-Inland Inc. will release its results for fourth quarter and full year 2010 on February 8, 2011, before the market opens. The company will host a conference call on February 8, 2011 at 9:30 a.m. Eastern Time to discuss results…
Alberta-Pacific Forest Industries Inc. has been named one of Canada?s Top 100 Employers for the fourth year running. Maclean?s magazine, in partnership with Mediacorp Canada Inc, began determining the list of 2011 Top 100 companies by examining the recruitment histories…
Smurfit-Stone Container Corporation announced that all of its U.S. paper mills have been recommended for chain-of-custody certification to the Sustainable Forestry Initiative ("SFI"), Programme for the Endorsement of Forest Certification ("PEFC") and Forest Stewardship Council ("FSC") standards. Having its mill…
The value of softwood logs and lumber exported from North America to China reached over 1.6 billion dollars in 2010, which was 150 percent higher than the previous year and more than ten times as much as in 2006, reports the Wood Resource Quarterly. The…