The year dates in the second and fourth columns of the CONDENSED CONSOLIDATED STATEMENTS OF INCOME, the FINANCIAL SEGMENT INFORMATION and the CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS tables were incorrect.

The corrected release reads:

SONOCO REPORTS MUCH IMPROVED SECOND QUARTER 2010 RESULTS; BASE EARNINGS EXCEED GUIDANCE AND FIRST CALL CONSENSUS

Sonoco (NYSE: SON), one of the largest diversified global consumer and industrial packaging companies, today reported strong second quarter 2010 results and raised full-year 2010 base earnings per share guidance for the third time this year.

Highlights

* Second quarter 2010 GAAP earnings per diluted share were $.58, compared with $.33 in 2009.
* Base net income attributable to Sonoco (base earnings) for second quarter 2010 was $.59 per diluted share, compared with $.41 in 2009. (See base earnings definition and reconciliation later in this release.)
* Second quarter 2010 net sales of $1.01 billion were 17 percent higher than the $864 million in 2009.
* Acquisition of Associated Packaging Technologies, Inc. for $120 million on June 29 is expected to add approximately $150 million in annual sales and modest earnings accretion in the second half of 2010.
* Guidance for full-year 2010 base earnings is raised to $2.27 to $2.34 per diluted share, from the previously forecast $2.15 to $2.25.

Commenting on the Company's performance in the second quarter, Chairman, President and Chief Executive Officer Harris E. DeLoach Jr. said, "For the third consecutive quarter, Sonoco produced significantly improved year-over-year earnings as we continued to see a steady recovery in global economic conditions in nearly all of our consumer and industrial businesses, leading to improved volumes and higher productivity. Our second quarter base earnings were three cents per share above the high side of our guidance and above First Call consensus of $.56 per diluted share due to a combination of volume, productivity and price/cost."

"Our Consumer Packaging segment recorded year-over-year gains in operating profits for the tenth consecutive quarter on volume growth and strong productivity. In addition, our Packaging Services segment produced better year-over-year results due to the continuation of special contract packing, higher fulfillment activity and productivity improvements."

"On our Industrial side, the Tubes and Cores/Paper segment experienced significant global volume growth and continued strong productivity, which led to an 82 percent improvement in year-over-year segment operating profits. Finally, our businesses which constitute All Other Sonoco experienced stronger volumes and productivity gains."

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International Paper (NYSE: IP) announced today that it reached agreement to sell 163,000 acres of properties located in the southeastern United States for approximately $200 million in a transaction with an affiliate of Rock Creek Capital (the "Partnership"). A minimum of $160 million will be received at closing, with the balance, plus interest, to be received no later than three years from closing. In addition, IP will receive 20% of the Partnership's net profits after it achieves certain financial returns.

"This sale will substantially complete the monetization of our forest land and realty holdings," said Dave Liebetreu, International Paper's vice president, global sourcing and forest resources. "The transaction represents good value in this economic environment and allows us to participate in the upside potential as the real estate market recovers."

The transaction is expected to close in the third quarter of 2010.

About International Paper

International Paper (NYSE: IP) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging and uncoated papers, and complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tenn., the company employs more than 60,000 people in more than 20 countries and serves customers worldwide. 2009 net sales were approximately $23 billion. For more information about International Paper, its products and stewardship efforts, visit www.internationalpaper.com.

This press release may contain forward-looking statements. These statements reflect management's current views and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these statements. Factors which could cause actual results to differ relate to: (i) the ability of the parties to successfully consummate the transaction contemplated by the sale agreement under the announced terms; (ii) the successful fulfillment (or waiver) of all conditions set forth in the sale agreement; and (iii) the successful closing of the transaction within the estimated timeframes. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Other factors that could cause or contribute to actual results differing materially from such forward looking statements are discussed in greater detail in the company's Securities and Exchange Commission filings.

SOURCE International Paper

“Our second quarter results are strong by all measures. Operating profit excluding NRI and fair valuations at EUR 213 million, cash flow from operations at EUR 305 million, ROCE at 10.5% and net cash position at EUR 856 million are all not only huge improvements from a year ago, but also testimony to the early and often difficult actions we have taken in the past three years. Our robust performance this quarter was facilitated by external factors, especially the significant volume recovery from the very low levels in the second quarter of 2009, our clearly lower cost base and the weaker euro. We also benefited from pulp price increases and actions we took on prices and customer mix in almost all segments. The fact that all six segments except Newsprint show a strong year-on-year improvement in earnings is another positive proof point for continuing on our path of managing those factors we can affect.                 

“Although the second quarter performance was generally strong, the losses that have accrued in Newsprint clearly show that the structural overcapacity issues have not disappeared. This unfortunately means that the recent decision to shut down permanently two newsprint machines at Varkaus was not only necessary, but not even enough to solve the issue. We will therefore continue to actively manage pricing and customer mix to maximise our earnings, but also review the earnings performance of all of our assets, and when necessary will not hesitate to take actions.                                                                

“The outlook for the third quarter is mixed and still uncertain. Although volumes have recovered from the very low levels of 2009, clearly market demand in all paper segments has still been and will for a long time remain clearly below the pre-crisis levels of 2008. To operate profitably in that environment requires continued focus on costs and capacity management - as before, waiting for the good times to return will help nobody. In addition to the price rises implemented in the second quarter, we have announced further price increases that will already have an impact in the latter part of the third quarter - and we expect sequential pricing improvements of varying degrees in practically all segments, even in Newsprint. This is absolutely essential to keep our earnings at an acceptable level as increases in wood and other costs now clearly start   
coming through in our operations. Specifically, we foresee Wood Products facing an issue later in the year due to rapidly rising sawlog costs, which is why we have signalled that we are planning to take temporary curtailments as required at our sawmills. At the same time, however, I am glad to see the wood trade in domestic wood in Finland has returned closer to normal levels. Now we must ensure there is no repeat of the excessive wood costs and high inventory levels of late 2007.                                                                
“Stora Enso has demonstrated that it is willing and able to do difficult things to safeguard and improve the Group's performance. We will continue on our path of never-ending improvement of what we have, and in parallel building our futurein new markets and new products. And we are already well on our way.”           

For further information, please contact:                                        
Jouko Karvinen, CEO, tel. +358 2046 21410                                       
Markus Rauramo, CFO, tel. +358 2046 21121                                       
Lauri Peltola, Head of Communications, tel. +358 2046 21380                     
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242

January-June 2010 compared with the same period in 2009

· Net sales amounted to SEK 4 298 million (3 807), an increase of 13%.

· Profit for the period amounted to SEK 290 million (-31).

· Earnings per share amounted to SEK 2,82 (-0,42).

· Operating profit amounted to SEK 435 million (5), corresponding to a margin of 10% (0).

· The 2010 Annual General Meeting resolved in accordance with the Board's proposal to issue a dividend of SEK 0,50 (0) per share for 2009.

April-June 2010 compared with January-March 2010

· Net sales amounted to SEK 2 108 million (2 190).

· Profit for the period amounted to SEK 134 million (156).

· Operating profit amounted to SEK 201 million (234), a decrease of SEK 33 million.

· The second quarter of 2010 was charged with costs of approximately SEK 110 million for a periodic maintenance shutdown at Gruvön mill. The maintenance shutdown, which takes place at 18-month intervals, was more expensive and more complicated than anticipated due, among other things, to strike action.

· Strike action during the second quarter led to a loss of production of approximately 26 000 tonnes as well as extraordinary costs. Together these amounted to SEK 77 million. The Confederation of Swedish Enterprise has for strike-related costs offered full compensation. The expected compensation has been recognised as income during the second quarter.

· The strong order bookings continued in the second quarter. The packaging paper segment increased prices in local currency by an average of approximately 6% compared with the first quarter.

· A new 7-year credit facility for SEK 800 million was raised after the end of the quarter.

Outlook for the full-year 2010

· The third quarter of 2010 started with continued good demand within all segments.

· Price increases have been implemented for all products and additional increases have been announced in order to gradually restore prices to levels prevailing end of 2008.

· Strike action in the second quarter will result in lower total deliveries for the full year.

Comments by Billerud's CEO Per Lindberg:

Continued very strong demand and increasing prices, but extraordinary costs affect margins "With an operating profit of SEK 201 million for the second quarter of 2010 we now have three consecutive quarters behind us with an operating margin of 10%. We have continued our efforts to restore prices in local currency and prices for our packaging paper during the quarter were on average approximately 6% higher than in the previous quarter in each sales currency. This work is being given priority since part of these increases is needed to counteract a strengthened Swedish krona.

During the second quarter a planned maintenance shutdown at our largest mill was carried out and this shutdown had a substantial effect on profitability. The shutdown takes place every 18 months and latest occurred during the fourth quarter of 2008. The shutdown was complicated by strike action and was more expensive than anticipated. The cost of the shutdown was approximately SEK 110 million and was reflected in lower production volumes as well as higher variable and fixed costs.

This means that at first glance the comparison between the first and second quarter of this year may appear negative for our packaging segments, in particular for Packaging Boards which had to bear most of the shutdown costs. This does not apply to the Market Pulp business area which as a result of price increases for pulp and despite the shutdown costs can deliver historically very good margins. Market Pulp business area has to a lesser extent been affected by shutdown costs.

We view this quarter, however, as a step forward for Billerud. We have very strong demand for all products and we continue to raise prices. We are also particularly pleased about the recognition our new product FibreForm® received in China where we received the "Technology Innovation Award 2010."

Billerud's CEO Per Lindberg and CFO Bertil Carlsén will present the interim report at a press and analysts conference on Thursday, 22 July at 13.00 CET.

Venue: Spårvagnshallarna, Birger Jarlsgatan 57 A, Stockholm.

For further information in connection with this report, please contact Per Lindberg, President and CEO, +46 70 248 15 17 and Bertil Carlsén, CFO, +46 730 211 092

This information is such that Billerud AB is required to disclose under the Securities Market Act. This report has been prepared in both a Swedish and an English version. In the event of variations between the two, the Swedish version shall take precedence.

Billerud is a packaging paper company. The business concept is to offer customers packaging material and solutions that promote and protect their products - packaging that is attractive, strong and made of renewable material. Billerud has a world-leading position within several product segments, both within paper for consumer packaging and for industrial applications. Production takes place at the Group's three integrated pulp and paper mills in Sweden, and at a paper mill in the UK. www.billerud.com (http://www.billerud.com)

The announcement of Norske Skog's accounts for the second quarter of 2010 will take place on Thursday 5 August at 7.30 a.m. CET.

A press conference and presentation will be held in the Shipping club in Oslo city centre at 8.30 a.m. and an international telephone conference will be held at 1 p.m. The President and CEO, Sven Ombudstvedt, and other members of corporate management will participate in both of these events.

More information regarding this will be published on Norske Skog's website www.norskeskog.com.

The "silent period" preceding the announcement will start on Monday 26 July. Further information regarding special items in the income statement is enclosed.

Metso Corporation will publish its Financial Statements and three Interim Reviews in 2011 as follows:
February 3, 2011 - Financial Statements for 2010
April 29, 2011 - Interim Review for January - March 2011
July 28, 2011 - Interim Review for January - June 2011
October 27, 2011 - Interim Review for January - September 2011

The Annual Report for 2010 will be published during the week starting on March 7, 2011.

Metso Corporation's Annual General Meeting is planned to be held on Wednesday, March 30, 2011. Metso's Board of Directors will summon the Meeting at a later date.


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, please contact:
Marja Mäkinen, Investor Relations Manager, Metso Corporation,
tel. +358 20 484 3211

Metso acquires the service business of Wyesco of Louisiana L.L.C., located in Slaughter, Louisiana, USA. The acquired business, employing 30 persons, will be affiliated to Metso’s Paper and Fiber Technology segment as of July 19, 2010. The new business will operate under the name Metso Wyesco Service Center. The value of the transaction is not disclosed.

Wyesco of Louisiana L.L.C. has operated in the service business for over 10 years and recently has been Metso’s licensed repair facility for the repair of certain pulp mill components. The repair facility has grown to become one of the most diverse ones in the United States. The repair services provided cover digester components such as high & low pressure feeders, top separator screws & baskets, chip feeders and steaming screws. In addition, the Metso Wyesco Service Center has the expertise to repair thick stock and MC pumps, vacuum pumps, gear reducers, process pumps, woodyard equipment, mixers, circulators, agitators, pulper rotors and conveyors.

The acquisition will complement Metso’s current services, technology and product offering to the pulp industry in North America, and is in line with Metso's strategy to increase the level of business in the services sector.

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, please contact:
Jukka Tiitinen, President, North America, Paper and Fiber Technology, Metso, tel. +358 40 740 6178 or +1 404 433 0937
Bill Bohn, Vice President, Fiber business line, North America, Metso, tel. +1 404 394 5924

Metso has started the investment in new facilities in Araucaria, Parana state, in southeastern Brazil. The investment will improve Metso’s competitiveness in serving the pulp and paper and power generation industries, and thus strengthen its presence in emerging markets. At the first phase, Metso’s investment will amount to around EUR 14 million (BRL 30 million). Later on, the investment will be continued by further increasing the capacity and capabilities of the new facilities.

The new facilities in Araucaria will be built on a 60,000 m2 land area, of which 10,000 m2 will be for new equipment sales and a service workshop. The unit will be operational by the end of 2011. When the new facilities are ready Metso will move all activities from the current leased facilities in Curitiba, located approx. 10 km from the new site.

With the new facilities Metso will be in a good position to support the growth of pulp production in South America, where several new greenfield mills and new production lines are planned for the coming years. There will be a growing demand for services in the pulp and power generation industries, requiring increased local competences and workshop capabilities.

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

For further information, please contact:
Harri Nikunen, Senior Vice President, Finance, Paper and Fiber Technology, Metso, tel. +358 40 828 9083
Celso Tacla, President, Metso Paper South America Ltda., tel. +55 41 9953 9152

The Board of Directors of Sonoco (NYSE: SON) today declared a $.28 per share quarterly common stock dividend. The dividend will be payable on September 10, 2010, to shareholders of record as of August 20, 2010.

According to Harris E. DeLoach Jr., chairman, president and chief executive officer, this is the 341st consecutive quarter, dating back to 1925, that the Company has paid cash dividends to shareholders.

About Sonoco

Founded in 1899, Sonoco is a $3.6 billion global manufacturer of industrial and consumer products and provider of packaging services, with more than 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 www.sonoco.com.

SOURCE: Sonoco