www.pulp-paperworld.com - Financial News
Wednesday, 08 July 2015 10:38
Cascades extends and amends its revolving credit facility
Cascades Inc. (TSX: CAS), a leader in the recovery and manufacturing of green packaging and tissue paper products, announces that it has entered into an agreement with its banking syndicate led by National Bank of Canada and Scotiabank as co-lead…
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Thursday, 25 June 2015 07:06
RockTenn Shareholders and MWV Stockholders Approve Combination
Transaction Expected to Close on July 1, 2015 Rock-Tenn Company (RockTenn) (NYSE:RKT) and MeadWestvaco Corporation (MWV) (NYSE:MWV) have announced that shareholders of RockTenn and stockholders of MWV overwhelmingly approved the proposed combination of the two packaging companies into WestRock Company…
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Thursday, 25 June 2015 06:57
Valmet's strategy and financial targets unchanged and reconfirmed by the Board of Directors
Valmet's strategy and financial targets, which were announced on September 3, 2013 and reconfirmed on July 31, 2014, have been reconfirmed by Valmet's Board of Directors, and thus remain unchanged. Strategy Valmet's mission is to convert renewable resources into sustainable…
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Tuesday, 23 June 2015 08:13
Moody's Investors Service upgraded Metsä Board's credit rating by two notches
Metsä Board Corporation Stock Exchange Release 23 June 2015 at 9 am EET Moody's Investors Service has upgraded Metsä Board Corporation's rating by two notches from B1 to Ba2. The outlook of the rating is stable. The upgrade does not…
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Friday, 19 June 2015 06:32
Wausau Paper Declares Dividend
Wausau Paper’s (NYSE:WPP) Board of Directors today declared a quarterly dividend of $0.03 per share on the Company’s common stock. The dividend is payable August 17, 2015 to shareholders of record at the close of business on August 3, 2015.…
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Thursday, 11 June 2015 09:00
Franklin Templeton Institutional, LLC's ownership in Valmet has decreased below 5%
Notification according to chapter 9, section 5 of the Securities Market Act: Franklin Templeton Institutional, LLC's ownership in Valmet has decreased below 5% Valmet Corporation (Business ID 2553019-8) has on June 10, 2015 received a notification referred to in Securities…
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Monday, 01 June 2015 09:06
Resolute Increases Share Repurchase Program by $50 Million
Resolute Forest Products Inc. has announced that its board of directors has authorized a $50 million increase to the company's existing share repurchase program. "Today's announcement gives us another tool to continue to enhance shareholder value," said Richard Garneau, president…
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Thursday, 28 May 2015 23:01
Stora Enso sets new financial targets for the Group and divisions
All Stora Enso's five divisions will have financial targets set in order to support the Group in attaining its strategic goal. Stora Enso has defined clear strategic targets for each division. The targets will enable the markets to better follow…
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Thursday, 28 May 2015 07:20
Sappi Europe to increase coated and uncoated fine paper sheet prices
Following our announcement on 8 May of a price increase for European coated fine and coated mechanical reels, Sappi Europe confirm our intention to raise prices also for woodfree coated sheets by 8% and a further increase on woodfree uncoated…
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Thursday, 28 May 2015 07:03
Sonoco-Alcore to Increase Paperboard Prices in Italy
Sonoco-Alcore S.a.r.l. has announced it will raise prices by €50 per metric ton on all recycled paperboard grades sold in the Company's Italian region. The price change is effective with shipments on or after 15th June, 2015. "This price increase…
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Wednesday, 27 May 2015 11:04
Södra increases price for softwood pulp in Europe to USD 870 per tonne
Due to low global softwood pulp stocks and solid demand, Södra will increase its market price for NBSK in Europe to USD 870, effective from June 1st 2015. For further information, please contact: Magnus Björkman, President of Södra Cell International,…
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Wednesday, 27 May 2015 09:11
Resolute Enters Into New ABL Credit Facility
Resolute Forest Products Inc. has announced that it has entered into a new five-year credit agreement for a senior secured asset-based revolving credit facility with an aggregate lender commitment of up to $600 million at any time outstanding, subject to…
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Friday, 22 May 2015 08:41
Tullis Russell Papermakers Limited (in administration) - Update
Blair Nimmo and Tony Friar were appointed as Joint Administrators of Tullis Russell Papermakers Limited on 27th April 2015. The Joint Administrators had set a closing date for indicative offers for the business and assets of 12pm on 18th May…
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Thursday, 21 May 2015 08:55
Good start to 2015 for the Södra Group
Södra’s operating profit for the first four months of the year amounted to SEK 941 million (503). Sales increased 7 percent to SEK 6,243 million and the operating margin improved to 15 percent (9). “The year started well for Södra,…
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Thursday, 21 May 2015 08:53
Södra’s members to receive dividends totalling SEK 553 million
Södra’s Annual General Meeting agreed to distribute SEK 553 million to members and to elect Lena Ek as the Board’s new Chairman. Hans Berggren was elected new Board member. Approximately 300 people, including 200 delegates, attended Södra’s Annual General Meeting…
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