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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Published in Canadian News
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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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Published in North American News
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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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Published in European News
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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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Published in Canadian News
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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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Published in Exhibitions
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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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Published in Press Releases
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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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Published in American News
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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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Published in Canadian News
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Tuesday, 24 August 2010 17:46

Stora Enso divests real estate at Baienfurt in Germany

Stora Enso Baienfurt GmbH has signed an agreement to divest its Baienfurt mill site real estate in Germany. Buyer is the IGV Industrie- und Gewerbeverwaltungs GmbH, a subsidiary of the Lower Bavarian Karl- Gruppe, which specialises in acquiring and restructuring…
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Published in European News
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Tuesday, 24 August 2010 12:37

Stora Enso successfully issues two five-year bonds

Stora Enso has today successfully issued two five-year bonds total of SEK 2 300 million under its EMTN (Euro Medium Term Note) programme. Both bonds are due on 1 September 2015. A SEK 1 000 million bond pays a floating…
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Published in Financial News
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Tuesday, 24 August 2010 09:24

Brødrene Hartmann A/S (DK) - Report on extraordinary general meeting held on Tuesday, 24 August 2010

The resolution proposed by the Board of Directors to elect Agnete Raaschou-Nielsen as a new board member was adopted. In the period leading up to the general meeting, Agnete Raaschou-Nielsen was attached to the Board of Directors in an advisory…
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Published in European News
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Tuesday, 24 August 2010 09:08

Mondi’s Color Copy gets a fresh new look and an even “greener” profile as Color Copy CO2 neutral

Color Copy announces its newly designed paper wrapper and CO2 neutral status. The new customer-friendly packaging incorporates a modernized design with more product and environmental information. Vienna, August 24, 2010 – Color Copy, the professional digital colour laser paper from…
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Published in Featured Products
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Tuesday, 24 August 2010 08:38

ABB automation increases paper machine availability for Korsnäs paperboard mill

Delivery includes the first permanent magnetized motor from ABB in Sweden ABB, the leading power and automation group, has won an order to supply automation and control systems for two paper machines and a winder at Korsnäs AB in Gävle,…
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Published in European News
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