Monday, 13 December 2010 11:00

AbitibiBowater Announces Leadership Succession Plan - Richard Garneau to Succeed David J. Paterson as President and CEO

Richard B. Evans, Chair of AbitibiBowater, today announced that David J. Paterson will step down as President and Chief Executive Officer on January 1, 2011, having successfully led the Company through the most far-reaching restructuring in its history. He will…
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Monday, 13 December 2010 10:33

Approval of share subscriptions with stock options

Pursuant to Pöyry PLC's stock option programme 2004, 63 792 new shares of the company have been subscribed since 27 October 2010 with stock options 2004B. The Board of Directors of Pöyry PLC has approved these subscriptions in its meeting…
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Friday, 10 December 2010 13:00

Forest companies benefit from deregulation of the railways

From the start of next year, the companies behind ScandFibre Logistics AB will be transporting 2.4 million tonnes of forest products by rail from Sweden to terminals that are convenient for European customers. Deregulation of freight traffic is increasingly allowing…
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Friday, 10 December 2010 12:00

Michal Jarczynski new FTP High Level Group Chairman

At the last Forest-Based Sector Technology Platform (FTP) High Level Group meeting in Stockholm on 2 December 2010, Mr Magnus Hall, CEO of Holmen, stepped down as FTP High Level Group Chairman, a position he had held for more than…
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Friday, 10 December 2010 11:00

AbitibiBowater Emerges from Creditor Protection

AbitibiBowater is pleased to announce that it has successfully completed its reorganization and has emerged from creditor protection under the Companies' Creditors Protection Act (or "CCAA") in Canada and chapter 11 of the U.S. Bankruptcy Code (or "chapter 11"). "Through…
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Friday, 10 December 2010 10:30

ANDRITZ to supply deinking plant to Tamil Nadu Newsprint and Papers Limited, India

International technology GroupANDRITZ has received an order from Tamil Nadu Newsprint and Papers Limited (TNPL) to supply a three-loop deinking plant for the TNPL mill in Kagithapuram, India. This will be the first three-loop deinking plant to be commissioned in…
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Friday, 10 December 2010 10:00

Rottneros: Temporary Limit on Production at Rottneros Mill

The CTMP line at Rottneros Mill has been at a standstill for around ten days, which corresponds to a loss of production of approximately 2,500 tonnes. The stoppage is due to the combination of extremely high electricity prices and high…
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Friday, 10 December 2010 09:36

NewPage Announces Closure of Whiting, Wisconsin Facility and Revises Guidance for Fourth Quarter 2010

NewPage Corporation today announced that it will close its Whiting, Wisconsin mill at the end of February 2011. The Whiting mill currently operates two paper machines, which produce approximately 250,000 tons annually of coated paper used by the publishing and…
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Thursday, 09 December 2010 11:27

DS Smith Plc - 2010/2011 Half year Results

DS Smith Plc (“DS Smith”), the international supplier of recycled packaging for consumer goods and office products wholesaling business, announces its results for the six months to 31 October 2010. Miles Roberts, Group Chief Executive, said: “These results reflect the…
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Thursday, 09 December 2010 10:20

Metso to rebuild Hinton Pulp’s pulp machine in Canada

Metso will supply Hinton Pulp with a rebuild of their market pulp machine in Hinton, Alberta, Canada. The project will be delivered and installed in late 2011. The value of the order exceeds EUR 10 million. The order is included…
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Thursday, 09 December 2010 09:18

West Fraser Announces $37 Million Hinton Pulp Upgrade

West Fraser will proceed with an energy efficiency upgrade of its Hinton Pulp pulp machine. The project, which is expected to cost approximately $37 million, will be funded with credits earned under the Canadian federal government’s “Pulp and Paper Green…
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Wednesday, 08 December 2010 13:00

AbitibiBowater Making a Difference on the Ground through Stakeholder Engagement

Based in Montreal, Quebec, AbitibiBowater Inc. is the third largest pulp and paper company in Canada and the eighth largest publicly traded pulp and paper manufacturer in the world. It manages the largest area of publicly-owned forest land in Canada,…
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Wednesday, 08 December 2010 11:56

Pöyry in Finland - operational excellence programme continues

The first major implementation milestone has been reached relating to the operational excellence programme aiming at improving the efficiency and quality of operations and serving Pöyry's clientele in a cost-efficient way. Pöyry has made decisions to adapt capacity and to…
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Wednesday, 08 December 2010 10:53

Billerud wins NASDAQ OMX prize for "Best 2009 Report"

During Finforum 2010, a seminar about communication between listed companies and the market, Billerud received the award for "Best 2009 Report" in the MidCap Company class.   This competition has been held since 1966 with the purpose of developing and…
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Wednesday, 08 December 2010 09:48

Clearwater Paper Corporation Announces Extension of Expiration Date Relating to Offer for Cellu Tissue Holdings Inc.

Clearwater Paper Corporation ("Clearwater Paper") has announced the extension of the Expiration Date, as well as the results to date, relating to the cash tender offer (the "Tender Offer") to purchase any and all of Cellu Tissue Holdings, Inc.'s ("Cellu…
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