Monday, 30 August 2010 06:59

KapStone Paper and Packaging Corporation Gains Approval as Producer of Cellulosic Biofuel

KapStone Paper and Packaging Corporation (NYSE: KS) ("KapStone") announced that the Company was notified that its registration as a producer of cellulosic biofuel for the tax year 2009 has been approved. With this registration, KapStone may apply for a nonrefundable…
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Friday, 27 August 2010 07:07

Vishay Nobel ROS reduces bottom waste

Several centimeters of paper left on a parent reel spool is a common sight in many paper mills. These left-on-spool or bottom waste losses, which cannot be wound because of tension control problems and crepe wrinkles during the initial phases…
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Thursday, 26 August 2010 16:00

The employee group buyout effort for Pine Falls abandoned

The employee group considering the purchase of the shuttered Pine Falls newsprint mill has told the mill's owner, Tembec, that the deal is off. The group concluded it could not make a viable business case for the purchase. According to…
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Thursday, 26 August 2010 15:00

Metso to supply a cartonboard machine to Chinese Lee & Man

Metso will supply a coated cartonboard production line to Lee & Man Paper Manufacturing Co., Ltd to the company’s Hongmei mill in Guangdong province, China. The start-up of the new production line is scheduled for the end of 2011. The…
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Published in Asian News
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Thursday, 26 August 2010 14:00

International Paper Chairman & CEO to Speak at UBS Global Paper and Forest Products Conference

International Paper Chairman and Chief Executive Officer John V. Faraci will speak at the UBS Global Paper and Forest Products Conference in New York City on Tuesday, Sept. 14. The presentation is scheduled for 8:45 a.m. EDT, and will be…
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Thursday, 26 August 2010 13:00

Federal government pays $130 million to settle AbitibiBowater expropriation

The Government of Canada will pay AbitibiBowater $130 million in compensation for the expropriation of the company's assets in Newfoundland and Labrador, considering that amount fair market value for the newsprint mill, water and timber rights, power plants and hydro…
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Thursday, 26 August 2010 12:00

Metso to supply a pulp mill to Oji Paper to China

Metso will supply a greenfield kraft pulp mill to the Japanese Oji Paper Co. Ltd., to be built in Nantong City, Jiangsu Province, in the southern part of China. Start-up of the pulp mill is scheduled at the end of…
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Published in Asian News
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Thursday, 26 August 2010 11:00

Sonoco Names Weller Managing Director of Asia Operations; Other Asia, Australia Leadership Changes Announced

Sonoco, one of the largest diversified global packaging companies, announced that Brad Weller has been promoted to division vice president and managing director, Asia, with responsibility for all of Sonoco's industrial and consumer businesses throughout Asia. In this new position,…
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Thursday, 26 August 2010 10:00

Matti Kähkönen appointed new President and CEO of Metso

The Board of Directors of Metso has appointed Mr. Matti Kähkönen, M.Sc. in Engineering, as the new President and Chief Executive Officer of Metso Corporation and Metso Group. Matti Kähkönen will start in his new position on March 1, 2011.…
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Thursday, 26 August 2010 09:00

St. Marys Paper proposes autumn restart

St. Marys Paper Corp. has engaged Dennis Bunnell as chairman of the board and CEO to head up the plans to restart production at the St. Marys Paper mill in Sault Ste. Marie, Ont. The mill ceased production of groundwood…
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Thursday, 26 August 2010 07:57

PAPER2011 To Bring Industry Together in Chicago

The American Forest & Paper Association (AF&PA) and the NPTA Alliance, joint hosts of the annual paper industry meeting, announced today that Paper2011 would be held in Chicago on March 27-29, 2011. “Today’s changing economic demands and business climate have…
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Wednesday, 25 August 2010 15:04

Belarus Achieves PEFC Recognition

Following a comprehensive, in-depth assessment, PEFC International has endorsed the PEFC Scheme of the Republic of Belarus, providing responsible forest enterprises and managers in the Eastern European country with access to global markets for certified timber and timber products. “With…
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Wednesday, 25 August 2010 08:33

Brødrene Hartmann A/S (DK) - Interim report for H1 2010

Revenue increased in the first six months of 2010, primarily due to developments in exchange rates. The '10 in 10' initiatives had the anticipated effect, volumes grew, and the product and price mix improved. The period was adversely affected by…
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Published in Financial News
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Wednesday, 25 August 2010 08:22

Congress and Paper Companies Covet 'Son of Black Liquor' Funds

The “Son of Black Liquor” tax credits will probably cost American taxpayers hundreds of millions, if not billions, of additional dollars, but Congress might grab the money without paper manufacturers getting a dime. Seven publicly traded paper companies have estimated…
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Tuesday, 24 August 2010 23:17

AbitibiBowater Announces Intention to Withdraw NAFTA Notice of Arbitration

AbitibiBowater today announced a formal settlement agreement with the Government of Canada with regards to its assets and rights in Newfoundland and Labrador, Canada, expropriated by the provincial government under Bill 75 in December 2008. The Government of Canada will…
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