Ian Melin-Jones

Ian Melin-Jones

International technology Group ANDRITZ will deliver two PrimeLine high-speed tissue machines, each with a design speed of 2,100 m/min and a width of 5.6 m, to Ganzhou Hwagain Paper Products in China. The start-up for the machines is scheduled for 2012 and 2013.

The scope of supply includes a complete stock preparation plant for softwood, hardwood, and bamboo pulp; a two-layer headbox with dilution control (PrimeFlow); a PrimePress XT shoe press, a PrimeDry Yankee, a wet-dust removal system (PrimeDustEx W), an advanced reel system (PrimeReel Advanced), and a machine control system from ANDRITZ Automation.

The long-time experience and innovative technologies of ANDRITZ for the production of high-quality tissue products have been decisive for awarding the order.

For further information, please contact:

Oliver Pokorny

Group Treasury, Corporate Communications & Investor Relations

Phone:+43 (316) 6902 1332

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.andritz.com

ANDRITZ PULP & PAPER

ANDRITZ Pulp & Paper is a leading global supplier of turnkey systems and services for the production of all types of pulp, paper, tissue paper, board, fiber-board (MDF), nonwovens, as well as of biomass boilers and gasifiers for energy production and of systems for the production of plastic films. The technologies available are employed for the processing of logs and annual fibers, the production of chemical and mechanical pulps as well as recycled paper fibers, recovery and reuse of chemicals, generation of energy from biomass, preparation of paper machine furnish from virgin or recycled fibers, production of paper, tissue paper and board, calendering and coating of paper, and the handling of reject materials and sludges. Services include complete mill maintenance, equipment upgrades and rebuilds, engineered wear products, and spare parts.

ABTCP, the Brazilian Technical Association of the Pulp and Paper Industry, has chosen Metso to be the best company of the Automation category in 2010. The award was granted to Metso on October 5, 2010 at the ABTCP congress and exhibition in Sao Paulo, Brazil.

The main criteria for the selection were the innovativeness of the automation supplier, the latest technology, the level of service and industry performance.

Metso has been on the Brazilian market since 1975. The country is currently a growing market for new investments. Metso has been able to win significant orders from the pulp and paper as well as the oil and gas industries. For example, Klabin, Celulose Nipo-Brasileira S.A. (Cenibra) and Suzano,Papel e Celulose S.A. are relying on Metso’s automation technologies.

During the years, Metso’s product range has been developing toward a comprehensive product offering, from process audits to life cycle performance agreements. Today, the main emphasis is on offering results that decrease raw materials, maintenance costs, chemical and energy consumption as well as support the environmental issues with high reliability. Metso’s automation based on a single platform approach with common hardware saves money for customers. All the different types of controls are within the same platform. This results in one user interface. No links are necessary between the systems.

ABTCP, the Brazilian Technical Association of the Pulp and Paper Industry, arranges a pulp and paper related congress and exhibition every year. The events organized are well established in the field; every year about 15,000 professionals visit the exhibition. This year saw the celebration of the 43rd event. More than 160 exhibitors were present.

Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 27,000 employees in more than 50 countries. www.metso.com

Further information for the press, please contact:
Marcelo Motti, Vice President, Sales & Service, South America, Metso, Tel. +55 15 2102 9708, This email address is being protected from spambots. You need JavaScript enabled to view it.

Aija Kalander
Communications Director
Energy and Environmental Technology

Metso Corporation
Lentokentänkatu 11, P.O. Box 237, 33101 Tampere, Finland
Tel. +358 20 483170, mobile +358 40 555 1637
This email address is being protected from spambots. You need JavaScript enabled to view it.

Much to their amazement, U.S. pulp manufacturers are discovering that the Son of Black Liquor tax loophole is starting to pay off or will soon do so.

International Paper reversed its previous statements on the subject a few days ago, acknowledging that its gains could be "substantial" from the Cellulosic Biofuel Producer Credits program (commonly called Son of Black Liquor in conjunction with the pulp and paper industry). The country's largest pulp manufacturer scoffed early this year at the possibility of receiving any money from CBPC and said in July it did not foresee much benefit.

IP's most recent assessment was underscored by some of the first reports of 3rd Quarter earnings by smaller pulp makers. Temple-Inland, with less than one-fourth of IP’s pulp-making capacity, reported net gains of $83 million from Son of Black Liquor. Buckeye Technologies, with less than one-tenth of IP’s capacity, booked $51.3 million in after-tax profit from the program.

Those companies recorded Son of Black Liquor earnings and others are estimating 4th Quarter earnings because recent Internal Revenue Service guidance clarified how pulp makers can pay back Alternative Fuel Mixture (AFM) subsidies, the original black liquor tax credits, to cash in on the more lucrative Son of Black Liquor tax credits.

Both programs were established to encourage production of environmentally friendly fuels. But in the case of pulp mills, neither has what environmentalists call "additionality" -- that is, they had no favorable impact on the environment.

The federal government doled out, and is still doling out, billions of dollars to pulp and paper companies for doing in 2009 what they would have done anyway -- following the standard industry practice of burning black liquor, a pulp byproduct, to power their mills.

When CBPC started last year, pulp manufacturers did not bother to register for the program because the regulations indicated it was only for motor fuels and motor fuel additives. Even after the IRS issued a controversial ruling that made black liquor eligible for the program, industry analysts predicted that Congress would soon close the loophole.

But Congress went on its pre-election recess without taking up the issue or receiving a requested study of the loophole's impact. Meanwhile, pulp mills seem to be having no trouble getting IRS approval to participate in CBPC.

IP plans to carry forward at least some of Son of Black Liquor credits into future years, according to the company's CFO, Timothy Nicholls.

“If we see that there's a benefit there that we can realize, we'll try to time it, such that anything that we're giving back is timed close to when we would file an amended return and get the benefit from the cellulosic biofuel credit,” he said during the company’s recently quarterly earnings conference call.

“We're currently assessing where we are,” Nicholls said. "We can't quantify the potential benefit of the cellulosic tax credits at this time, but we think that, potentially, it could be significant.”

Temple-Inland didn’t have to repay any of its AFM credits to get the $83 million tax gain. It claimed Son of Black Liquor credits only on production from the 1st Quarter of 2009 when it was not participating in the AFM program. It has not indicated whether it would pay back any AFM money to receive additional Son of Black Liquor credits.

Thursday, 04 November 2010 08:32

Rottneros: Production resumed at Vallvik Mill

The shutdown for maintenance work and to implement investments approved for Vallvik Mill, which lasted for a period of almost three weeks, has now come to an end and production is back on track. The two investments agreed at the end of 2009 and the beginning of 2010 respectively have been connected and put into operation. These investments involved replacing the remaining old part of the evaporation plant and also substantially improving air regulation in the recovery boiler. Their total cost amounted to around SEK 130m.

"We have now eliminated production bottlenecks, thereby increasing the capacity of the mill from 200,000 to 220,000 tonnes per year," says Robert Jensen, MD of Vallvik Mill. The investments will also result in reduced emissions.

"It is particularly gratifying", continues Jensen, "that all work during the shutdown, which employed almost 600 people went according to plan and that costs were within budget. We will now prove that we can supply what we have promised and look forward to the next stage of our development at the Vallvik factory".

For further information please contact:
Robert Jensen, Managing Director of Vallvik Mill, +46 270 620 00

Rottneros discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The Information was submitted for publication on 3 November 2010 at11.30 CET.

Tuesday, 02 November 2010 08:54

ANDRITZ acquires RITZ Pumpenfabrik, Germany

International technology Group ANDRITZ has signed a contract to acquire RITZ Pumpenfabrik GmbH & Co. KG, based in Schwäbisch Gmünd, Germany, including various affiliates. The company has approximately 280 employees and generates annual sales of about 40 MEUR. It was agreed not to disclose the purchase price; the contract is subject to approval by the relevant authorities and is expected to come into force in the fourth quarter of 2010.

By acquiring RITZ, ANDRITZ is strengthening and complementing its product range in the pumps sector. The pumps manufactured by RITZ are used mainly in the water supply and mining sectors, as well as in offshore and subsea applications. The special motors required to drive submersible pumps are also developed and manufactured by RITZ.

For further information, please contact:
Dr. Michael Buchbauer
Head of Group Treasury, Corporate Communications & Investor Relations
Phone: +43 (316) 6902 2979
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.andritz.com

The ANDRITZ GROUP
The ANDRITZ GROUP is a global market leader for supply of systems and services to the hydropower, pulp and paper, metals, and other specialized industries (solid/liquid separation, feed and biofuel). The Group is headquartered in Graz, Austria and has a staff of approximately 13,500 employees worldwide. ANDRITZ operates over 120 production sites, service and sales companies all around the world.

New Site Provides Fresh, Updated Appearance That Promotes and Supports Sonoco's Brand

Sonoco has announced the launch of the first phase of a new corporate Web site that provides visitors with a fresh new look, more functionality and improved navigational capabilities.

"Clearly, our goals going into the project were to upgrade functionality, simplify navigation and make the site more visually appealing, but it was important for us to do so without compromising the cultural integrity of Sonoco," said Robin Montgomery, manager of Corporate Communications.

"While we wanted to increase the site's impact through the use of motion graphics and video, we didn't want to clutter the site with too much content or overwhelm visitors with too many bells and whistles. We wanted keep the site clean and professional, and make sure it gives visitors a clear understanding of who we are and the products and services we offer."

A few elements on the new Web site worth noting include: a home page that regularly rotates content, providing the Company with a prominent space to feature new products, new technologies or news announcements; more expansive use of video, including the Careers page where prospective employees can hear current employees share their thoughts about working at Sonoco; and a new locations database where visitors can more easily identify Sonoco facilities around the globe.

Phase I of the redesign process, which focused on Sonoco's North American operations, began in January. Phase II of the project, which will focus on international operations, is expected to be complete by mid-year 2011.

About Sonoco

Founded in 1899, Sonoco is a $3.6 billion global manufacturer of industrial and consumer products and provider of packaging services, with approximately 300 operations in 35 countries, serving customers in some 85 nations. Sonoco is a proud member of the Dow Jones Sustainability World Index. For more information on the Company, visit our Web site at http://www.sonoco.com.

SOURCE: Sonoco
Robin Montgomery, 001-843-383-7509, This email address is being protected from spambots. You need JavaScript enabled to view it.
http://www.sonoco.com

Tuesday, 02 November 2010 10:30

Tissue World - Call for Papers

Tissue World 2011, the world’s only Conference specifically designed for producers, converters, distributors, traders and suppliers of soft hygienic tissue paper, will be held on 28-31 March 2011 at the Nice Acropolis in Nice, France. The Exhibition will be held on 29-31 March 2011.

The following is the Call for Papers for the Tissue World 2011 Technical Conference.

Authors wishing to present a paper are invited to submit papers for consideration on the program. Speakers are requested to submit an abstract of 100-200 words outlining the paper to be given and the reasons why they believe that this is of interest to tissue makers and converters. They should also indicate the preferred session for presenting the paper.

Technical sessions are proposed as follows:

1.       Papermaking Developments

2.       Energy Reduction and Savings

3.       Softness, Strength and Surface Treatment

4.       Converting and Printing

5.       Wrapping, Packaging and Logistics

6.       Fibers, Water and Raw Materials

7.       Process Control, Testing and Maintenance

8.       Auxiliary Components in Tissue Making

 

These guidelines for presenters must be respected:

1.       Presentations must cover new, innovative technology concerning tissue making and converting.

2.       Priority will be given to papers prepared in cooperation with mill personnel.

3.       Presentations must be non-commercial. Your presentation is not supposed to be sales pitch for your company or products. Emphasis should be on the technology and its application to the tissue business.

4.       High qualityvisual aids should be used.

5.       15 minutesmaximum will be allowed for technical presentations.

6.       ABSTRACTS SUBMISSION:Deadline for submission of abstracts is as soon as possible. Absolute latest date is 3 November 2010

7.       PRESENTATIONS:Complete presentations must be provided to the organizers no later than 30 January 2011.

 

Abstracts and presentations should be sent to:

UBM Asia Trade Fairs Pte Ltd. Attn: Agnes Gehot

Email : This email address is being protected from spambots. You need JavaScript enabled to view it.

Buckeye Technologies Inc. has announced that it has established a new $300 million senior secured revolving credit facility. The maturity date on the new revolver is October 22, 2015, and the facility includes an increase option for an additional $100 million. This facility amends and restates the Company's existing $200 million senior secured credit facility. The initial interest rate on the new revolver is LIBOR plus 200 basis points, and this will drop by 25 bps when the Company's total debt / EBITDA ratio drops below 1.00. In addition to refinancing its existing credit facility, the Company plans to use the proceeds from this facility to provide liquidity for working capital, capital expenditures, permitted acquisitions and share repurchases, and for general corporate purposes. The transaction was led again this time by Bank of America as left lead arranger and administrative agent, along with J.P Morgan and Regions Bank as joint lead arrangers, and RBS Citizens Bank as syndication agent.

Buckeye Chairman John B. Crowe commented, "We are very pleased to have this new credit facility in place, which moves our nearest debt maturity out from July 2012 to October 2015 and gives us the low cost, flexible financing we need to allocate capital in a balanced way between funding profitable, sustainable growth and high return investments, continued debt reduction and returning cash to shareholders."

Buckeye, a leading manufacturer and marketer of specialty fibers and nonwoven materials, is headquartered in Memphis, Tennessee, USA. The Company currently operates facilities in the United States, Germany, Canada, and Brazil. Its products are sold worldwide to makers of consumer and industrial goods.

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting the Company's operations, financing, markets, products, services and prices, and other factors.For further information on factors which could impact the Company and the statements contained herein, please refer to public filings with the Securities and Exchange Commission.

SOURCE: Buckeye Technologies Inc.

Buckeye Technologies Inc.
Steve Dean, 901-320-8352
Sr. Vice President and Chief Financial Officer
or
Daryn Abercrombie, 901-320-8908
Investor Relations
www.bkitech.com

Tuesday, 02 November 2010 09:30

St Marys Paper Corp. Announces Re-Start

Sault Ste Marie, ON: Announced at a joint press conference by David Orazietti, MPP and St Marys Paper Corp. officials has provided a much needed shot-in-the-arm to the local economy and forest industries. Following Mr. Orazietti’s announcement of support in the form of an $8.8 million dollar loan, Dennis Bunnell, Chairman and Chief Executive Officer of the Sault Ste. Marie, Ontario, groundwood pulp and paper mill, expanded on the news and expressed his gratitude.

“This is important news for St. Marys, and for the local economy,” Mr. Bunnell said, “It is only with the assistance and support of our local MPP David Orazietti and Honourable Minister of Northern Development, Mines and Forestry Michael Gravelle, that St Marys Paper will be able to open its doors to begin production of supercalendered paper in early December. I urge members of the community and people who rely on the mill for their employment to recognize the personal commitment of these dedicated officials who worked tirelessly to assist us not only in our return to papermaking but to entering a new era of bio-economy here in Sault Ste Marie. Many Provincial government employees worked very hard to help us during this process. We are grateful to them for their dedicated service.

“Our market studies confirmed that St Marys Paper should continue producing supercalendered paper as its base product” Mr. Bunnell noted. “As a result of the Provincial support we can now implement our plans to transform the business by joining the expanding forest bio-economy business sector.”

Using its forest bio-fibre supply, access and experience as the base for transition, St Marys is planning long term bio-economy projects, including a 35 MW biomass co-generation plant and a wood pellet plant. The company also will engage in nano-technology product development partnerships and studies with the University of Toronto, and other bio-economy projects with private sector partners and the Sault Ste Marie Innovation Center.

“We are in the right place at the right time, with solid experience to boot,” said Mr. Bunnell.

The company will be calling back employees as soon as possible and will start up forestry operations to supply the mill immediately. Raw material supply and contracts will be finalized in November to have all necessary products and equipment in place. A meeting is being scheduled to share plans with all employees.

“The future of our mill is tied to the people in our local community and our industry. I want to personally thank our employees, contractors, suppliers and customers for being patient as we took the time to develop a conservative, workable business plan. We look forward to renewing our relationships with all of the people and businesses that are so critical to St Marys’ success.”

History of the mill
“Sharing our resources and strengthening our community” has been the motto of St Marys Paper, however, the 115-year-old Company was forced to curtail operations in March 2010 due to deteriorating market conditions. Rather than resorting to bankruptcy protection the decision was made to conserve funds to allow the Company time to develop a new business plan that would provide its employees and the communities it supports with long-term employment sustainability and security. Leadership planned the shut-down of the specialty paper manufacturer’s three paper machines to permit an efficient re-start. SMPC has traditionally marketed its product to magazine publishers and advertisers who produce inserts, flyers and catalogues. When full operations are possible, the company employs approximately 300 employees, and is directly and indirectly responsible for over 2,000 jobs in Sault Ste Marie and surrounding areas.

Nova Scotia Power and NewPage Port Hawkesbury are proceeding with the 60-megawatt biomass co-generation facility recently approved by the Nova Scotia Utility & Review Board.  The sale of certain mill assets is expected to close in the near term.  Project planning, engineering and procurement work have been ramped up in the past few weeks recognizing the need to have the plant in service in early 2013.  

"This development in cooperation with our largest customer provides benefits for all ratepayers," said Robin McAdam, Executive Vice President, Sustainability for NS Power.  "It creates and protects jobs in Nova Scotia, redirects spending on fuel from foreign suppliers to Nova Scotians, and helps meet our renewable energy goals.  I want to emphasize NS Power's commitment to ensuring that sustainable forestry management practices are used in the fuel supply process."

"The new biomass facility is important for NewPage, for the Port Hawkesbury Mill and for rural Nova Scotia", said Bill Stewart, Director, Woodlands and Strategic Initiatives, NewPage Port Hawkesbury.  "In addition to supporting the local economy, it helps our mill remain a model for sustainable operation."

The $208 million biomass project is expected to create an estimated 150 new jobs in Northern Nova Scotia, primarily in the forestry sector, and approximately 50 person-years of employment will also be created during the construction phase. The co-generation facility will produce about 400 gigawatt hours of energy a year – or about 3% of Nova Scotia's total electricity requirements.

NewPage is responsible for the construction and operation of the co-generation facility as well as the fuel supply. Biomass is one of Nova Scotia's options for renewable energy, as outlined in the Renewable Electricity plan. Only 'stem wood' will be used to make electricity. Tree stumps, tops and branches will not be removed from the forest floor because they're necessary to restore nutrients in the soil.

Forward Looking Information

This news release contains forward looking information. Actual future results may differ materially.

About Nova Scotia Power

Nova Scotia Power Inc. is the largest wholly-owned subsidiary of Emera Inc. (TSX-EMA), a diversified energy and services company. Nova Scotia Power provides more than 95% of the generation, transmission and distribution of electrical power to 486,000 customers in the province. The company is focused on new technologies to enhance customer service and reliability, reduce emissions and add renewable energy. Nova Scotia Power has 1,900 employees and $3.5 billion in assets.

About NewPage

The NewPage Port Hawkesbury Mill islocated in Point Tupper, Richmond County, has operated in Nova Scotia since the early 1960s. Today, the Port Hawkesbury Mill has the capacity to produce 190 000 tonnes of standard and improved newsprint and 360 000 tonnes of supercalendered paper for the catalogue and magazine paper markets. The company's Woodlands Unit currently manages approximately 600,000 hectares of Crown land in the seven eastern counties and an additional 20,020 hectares of company owned land.

NewPage is an indirect wholly-owned subsidiary of NewPage Corporation. Headquartered in Miamisburg, Ohio, NewPage Corporation is the largest coated paper manufacturer in North America, based on production capacity, with $3.1 billion in net sales for the year ended December 31, 2009.. NewPage owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, Wisconsin and Nova Scotia