Ian Melin-Jones

Ian Melin-Jones

AbitibiBowater Inc. has announced the pricing of $850 million of 10.25% senior secured notes due 2018 (the "Notes") in a private placement under Rule 144A and Regulation S of the Securities Act of 1933 (the "Notes Offering"). The closing of the issuance of the Notes is expected to occur on or about October 4, 2010 subject to the satisfaction of customary closing conditions.

The Notes will be issued by ABI Escrow Corporation, a wholly owned subsidiary of AbitibiBowater. ABI Escrow Corporation will merge with and into AbitibiBowater in connection with AbitibiBowater's emergence from creditor protection proceedings, which is expected to occur in the fall of 2010, subject to confirmation of U.S. and Canadian plans of reorganization.

Proceeds of the Notes Offering will be placed in escrow until the effectiveness of the plans of reorganization and will be used upon emergence to repay certain existing debt.

Following emergence, the Notes will be senior secured obligations of AbitibiBowater, will be guaranteed by AbitibiBowater's material U.S. wholly owned subsidiaries and will be secured by substantially all the assets of AbitibiBowater.

The Notes have not been and will not be registered under the Securities Act or any state securities laws. Further, the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements and, therefore, will be subject to substantial restrictions on transfer. The Offering is being made only to qualified institutional buyers inside the United States and to certain non-U.S. investors located outside the United States.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.

Forward-Looking Statements

Statements in this press release that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. They include, for example, statements about AbitibiBowater's exit financing plans, and the closing of the Notes Offering. Forward-looking statements may be identified by the use of forward-looking terminology such as the words "plan," "will," and other terms with similar meaning indicating possible future events or potential impact on the business or other stakeholders of AbitibiBowater and its subsidiaries.

The reader is cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future performance. These statements are based on management's current assumptions, beliefs and expectations, all of which involve a number of business risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the ability to obtain proposed financing on terms satisfactory to AbitibiBowater or at all, the condition of the U.S. credit markets generally and difficult industry conditions. Additional factors are detailed from time to time in AbitibiBowater's filings with the Securities and Exchange Commission (SEC), including those factors contained in Exhibit 99.3 to AbitibiBowater's Current Report on Form 8-K filed on September 14, 2010. All forward-looking statements in this news release are expressly qualified by information contained in AbitibiBowater's filings with the SEC. AbitibiBowater disclaims any obligation to update or revise any forward-looking information.

SOURCE: ABITIBIBOWATER INC.

Investors: Duane Owens, Vice President, Finance, 864 282-9488; Media and Others: Seth
Kursman, Vice President, Public Affairs, Sustainability & Environment, 514
394-2398, This email address is being protected from spambots. You need JavaScript enabled to view it.

Tuesday, 21 September 2010 08:52

Pöyry PLC's company calendar in 2011

Pöyry PLC will publish its financial information in 2011 as follows:

 

Financial statements release 2010

Tuesday 8 February 2011

Financial statements 2010

Week 8, 2011

Interim report January - March

Wednesday 27 April 2011

Interim report January - June

Wednesday 27 July 2011

Interim report January - September

Thursday 27 October 2011

 

Pöyry PLC's Board of Directors has decided that the Annual General Meeting will be held on Thursday, 10 March 2011.

 

Pöyry PLC will observe silent time prior to announcing its results. The silent time periods in 2011 are as follows:

 

Financial statements release:

When the result of November is known to the company and until 7 February 2011

Interim report January - March:

5-26 April 2011

Interim report January - June:

5-26 July 2011

Interim report January - September:

5-26 October 2011

 

PÖYRY PLC

 

Additional information by:

Sanna Päiväniemi, Director, Investor Relations, Pöyry PLC

Tel. +358 10 33 23002 begin_of_the_skype_highlighting              +358 10 33 23002      end_of_the_skype_highlighting

Pöyry is a global consulting and engineering company dedicated to balanced sustainability. We offer our clients integrated management consulting, total solutions for complex projects and efficient, best-in-class design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7000 experts operating in about 50 countries, locally and globally. Pöyry's net sales in 2009 were EUR 674 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

Nine senators, 10 House members, and one governor are slated to appear at today's U.S. International Trade Commission hearing on the anti-dumping case against Asian paper companies.

The agenda doesn't state whether the politicians will be speaking or which side they are on, but it's clear they will be there in support of the anti-dumping case. Almost all are from states like Minnesota, Wisconsin, and Maine where the three petitioning companies (NewPage, SAPPI, and Appleton Coated) have a presence.

Update: The United Steelworkers issued a news release today saying that the 20 politicians will be testifying on behalf of the U.S. paper makers.

The hearing is part of the final phase of the ITC's investigation into whether Chinese and Indonesian makers of coated paper for sheet-fed presses should have to pay penalties and tariffs. They are accused of selling such paper, both coated freesheet and coated groundwood, at below cost in the U.S.

Those opposing the penalties have no politicians appearing on their behalf -- mostly just officials of the Asian companies.

source: www.deadtreeedition.blogspot.com

Pöyry has been awarded the engineering, procurement and construction contract for a tall oil plant by Zellstoff Pöls AG in Austria. The value of the contract is about EUR 1.6 million and it will be executed over a period of eleven months.

The assignment comprises a 2.5 t/h crude tall oil plant with auxiliaries based on the HDS® (Hydro Dynamic Separation) technology, which is Pöyry´s proprietary know-how. Similar technology based equipment has already been installed in the 20 most modern pulp mills in Europe, the USA, Canada and China. The plant has high yield, good availability and low maintenance costs and it produces high-quality crude tall oil.

Zellstoff Pöls AG is a member of the Heinzel Group and the mill is the largest manufacturer of high-quality elementary chlorine­free (ECF) bleached softwood sulphate pulp in Central and South-East Europe. It employs 380 people and has a capacity of 400 000 t/a of bleached softwood kraft pulp.

PÖYRY PLC

Additional information by:

Ari Asikainen, President, Energy business group, Pöyry PLC, Finland

Tel. +358 10 33 24476

Tero Vainiomäki, Vice President, Project Management, EPC projects, Pöyry Finland Oy

Tel. +358 10 33 24538

Pöyry is a global consulting and engineering company dedicated to balanced sustainability. We offer our clients integrated management consulting, total solutions for complex projects and efficient, best-in-class design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7000 experts operating in about 50 countries, locally and globally. Pöyry's net sales in 2009 were EUR 674 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

www.poyry.com

Friday, 17 September 2010 10:00

SCA's Invitation to Q3 press conference

SCA’s interim report for the period 1 January–30 September 2010 will be published on Thursday, 28 October, at approximately 8:00 CET.

Media and analysts are invited to a press conference at which the report will be presented by Jan Johansson, President and CEO.

Date: Thursday, 28 October 2010

Time: 10.30 CET

Venue: Klarasalen, Målargatan 1, Stockholm, Sweden

The press conference will be webcast live at www.sca.com. You can also participate by telephone. To participate, call +44 20 7162 0177, +1 334 323 6203 or +46 8 5052 0114.

Stockholm, 16 September 2010 

For additional information, please contact

Pär Altan, Vice President Media Relations, +46 8 788 52 37
Johan Karlsson, Vice President Investor Relations, +46 8 788 51 30

SCA is a global hygiene and paper company that develops and produces personal care products, tissue, packaging solutions, publication papers and solid-wood products. Sales are conducted in some 100 countries. SCA has many well-known brands, including the global brands Tena and Tork. Sales in 2009 amounted to SEK 111 billion (EUR 10.5 billion). SCA has approximately 50,000 employees. More information at www.sca.com

Clearwater Paper Corporation has announced it has agreed to acquire Cellu Tissue Holdings, Inc., an Alpharetta, GA-based integrated manufacturer of tissue products, for approximately $502 million, including equity value of approximately $247 million and net debt of approximately $255 million. Clearwater Paper will pay $12.00 per share in cash for Cellu Tissue's outstanding common stock and intends to fund the acquisition using a combination of existing cash on hand and $350 million of debt financing. Clearwater Paper has secured a financing commitment for the transaction from BofA Merrill Lynch.

Clearwater Paper believes the acquisition will be immediately accretive to earnings per share before taking into account an estimated $15-$20 million in net annual cost synergies expected by the end of 2012. The acquisition has been unanimously approved by both companies' boards of directors and is expected to close in the fourth quarter of 2010, following Cellu Tissue stockholder approval, regulatory clearances, and other customary closing conditions. Weston Presidio and Russell Taylor, Cellu Tissue's chief executive officer, which together own approximately 56% of Cellu Tissue's common stock outstanding, have agreed to vote their shares in favor of the transaction.

"We are very pleased to have the opportunity to rapidly expand our tissue manufacturing footprint through the acquisition of Cellu Tissue and create a combined company with much stronger operational scale to better serve private label tissue customers. This acquisition, coupled with the previously announced construction of our new tissue machine and converting facilities in Shelby, North Carolina, is expected to provide both short and long-term value to our shareholders," said Gordon Jones, chairman, president and CEO. "Clearwater Paper already has a national sales footprint, and this acquisition gives us a rare opportunity to immediately have a national manufacturing presence to increase service to our existing private label grocery customers and expand into new private label channels," added Jones.

The expected strategic and financial benefits of the transaction are as follows:

  • Opportunity for Clearwater Paper to establish a national manufacturing presence as a papermaker and converter of tissue products
  • Customer growth with existing and new customers
  • Increased Through-Air-Dried (TAD) capacity
  • Logistical improvements through shipping and transportation synergies
  • Combined company annual revenues expected to be approximately $1.9 billion
  • Immediate accretion to earnings per share before synergies
  • Expected annual net cost synergies of $15-$20 million by the end of 2012

Cellu Tissue's well-developed private label and specialty tissue businesses, which include 10 sites, complement Clearwater Paper's existing private label tissue and pulp and paperboard businesses.

In connection with the acquisition of Cellu Tissue, Clearwater Paper intends to tender for or defease Cellu Tissue's outstanding 11.50% senior secured notes due 2014.

BofA Merrill Lynch acted as financial advisor and Pillsbury Winthrop Shaw Pittman LLP acted as legal advisor to Clearwater Paper. Goldman, Sachs & Co. acted as financial advisor and King & Spalding LLP acted as legal advisor to Cellu Tissue.

CONFERENCE CALL INFORMATION

A live audio webcast and conference call will be held today, Thursday, September 16, 2010 at 8:30 a.m. Pacific time (11:30 a.m. Eastern time). Investors may access the conference call by dialing 877-303-9241 (for U.S./Canada investors) or 760-666-3575 (for international investors). The audio webcast may be accessed on the company's Web site at http://ir.clearwaterpaper.com/events.cfm. An accompanying presentation will be available for downloading at the same site at 5:30 a.m. Pacific time (8:30 a.m. Eastern time). The webcast will be audio only. Investors are recommended to download the accompanying presentation prior to the call.

For those unable to participate in the call, an archived recording will be available through the Clearwater Paper Corporation Web site www.clearwaterpaper.com under "Investor Relations" following the conference call.

FORWARD-LOOKING STATEMENTS SAFE HARBOR

This press release contains certain forward-looking statements regarding the proposed transaction between Clearwater Paper and Cellu Tissue, including but not limited to statements regarding expected accretion to earnings, the estimated amount of annual synergies resulting from the merger, expected combined company annual revenues, the benefits of the proposed transaction to Clearwater Paper stockholders, opportunities for growth with existing customers and new customers in new channels, tissue production facilities and the expected timing of closing. Actual events or results may differ materially from those contained in these forward-looking statements. Among the important factors that could cause future events or results to vary from those addressed in the forward-looking statements include, without limitation, risks and uncertainties arising from the possibility that the closing of the transaction may be delayed or may not occur; difficulties with the integration process or the realization of the benefits expected from the proposed transaction; Clearwater Paper's ability to obtain debt financing to fund the acquisition price; general economic conditions in the regions and industries in which Clearwater Paper and Cellu Tissue operate; changes in the cost and availability of wood fiber used in the production of the companies' products; and litigation or regulatory matters involving antitrust or other matters that could affect the closing of the transaction. In addition, please refer to the documents that Clearwater Paper and Cellu Tissue file with the Securities and Exchange Commission ("SEC") on Forms 10-K, 10-Q and 8-K. The filings by Clearwater Paper and Cellu Tissue identify and address other important factors that could cause events or results to vary from the forward-looking statements set forth in this press release. Clearwater Paper and Cellu Tissue are under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

Cellu Tissue intends to file with the SEC a preliminary proxy statement and a definitive proxy statement and other relevant material in connection the merger. The definitive proxy statement will be sent or given to the stockholders of Cellu Tissue. Before making any voting or investment decision with respect to the merger, investors and stockholders of Cellu Tissue are urged to read the proxy statement and the other relevant material when they become available because they will contain important information about the merger. The proxy statement and other relevant materials (when they become available), and any other documents filed by Cellu Tissue with the SEC, may be obtained free of charge at the SEC's website at www.sec.gov, at Cellu Tissue's Investor Relations website at cellutissue.com/investor (click "SEC filings") or from Cellu Tissue by contacting Investor Relations by mail at 1855 Lockeway Drive, Suite 501, Alpharetta, Georgia 30004, Attention: Investor Relations, or by telephone at (707) 407-2164.

PARTICIPANTS IN THE SOLICITATION

Clearwater Paper and Cellu Tissue and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Cellu Tissue stockholders in connection with the merger. Information about Clearwater Paper's directors and executive officers is set forth in Clearwater Paper's proxy statement on Schedule 14A filed with the SEC on March 29, 2010 and its Annual Report on Form 10-K for the year ended December 31, 2009 filed with the SEC on February 26, 2010, respectively. Information about Cellu Tissue's directors and executive officers is set forth in its proxy statement on Schedule 14A filed with the SEC on June 25, 2010. Additional information regarding the interests of participants in the solicitation of proxies in connection the merger will be included in the proxy statement that Cellu Tissue intends to file with the SEC.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, bleached paperboard and wood products at six facilities across the country. The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper's 2,500 employees build shareholder value by developing strong customer partnerships through quality and service.

ABOUT CELLU TISSUE HOLDINGS

Cellu Tissue Holdings, Inc. is a North American producer of tissue products, with a focus on consumer-oriented private label products and a growing presence in the value retail tissue market. For more information, visit Cellu Tissue's website at www.cellutissue.com.

For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com.

SOURCE: Clearwater Paper Corporation

Clearwater Paper Corporation
News media:
Matt Van Vleet, 509-344-5912
or
CFO:
Linda Massman, 509-344-5905
or
Investors:
IR Sense
Sean Butson, 509-344-5906

Hildemar Böhm has been appointed the new Chairman of the Körber PaperLink GmbH Management Board.Hildemar Böhm (51), previously CEO of the GEA Mechanical Equipment Segment, has been appointed the new Chairman of the Management Board of Körber PaperLink GmbH, and is consequently assuming overall responsibility for the Körber Group’s Paper Division. At the same time, Böhm will also be a member of the Executive Board of Körber AG.

Böhm is succeeding Martin Weickenmeier (56), who for personal, family reasons decided last year not to extend his present contract. This is due to expire on August 31, 2010. At the request of the Executive Board, Weickenmeier will continue occupying a position on Körber PaperLink’s Management Board with responsibility for sales, marketing and service.

Hildemar Böhm studied process technology in Essen. The engineering graduate has long-standing professional and management experience. He joined the GEA Group in 2001, where he has exercised a number of different management functions.

Wood costs for sawmills and pulp mills in Sweden on the rise in 2010, reports the Wood Resource Quarterly

Continued healthy markets for lumber, pulp and paper has kept demand for logs at high levels in Sweden. As a result, log and wood chip prices have increased substantially the past 12 months, according to the Wood Resource Quarterly.

The full article can be found in the attached PDF file.....

Company is One of Only Two U.S. Packaging Companies Listed on DJSI World in 2010/2011

Sonoco announced that for the second year in a row it has been selected to join the Dow Jones Sustainability World Index (DJSI World). DJSI World comprises the leading global companies in terms of economic performance, environmental stewardship and social responsibility. Dow Jones Sustainability Indexes are determined following an annual review by SAM, an investment boutique focused on sustainability investing, together with Dow Jones Indexes.

"We are very pleased to be one of only two U.S.-based containers and packaging companies to make this elite group of DJSI World companies. It recognizes the importance Sonoco places on being a leader in sustainable packaging and provider of recycling services to many of the largest consumer brands in the world," said Harris E. DeLoach Jr., chairman, president and chief executive officer.

Following SAM's largest global analysis of corporate sustainability leadership, 48 companies will join DJSI World, while 46 firms will be deleted, resulting in a total of 318 index components. All changes will become effective with the opening of equity markets on September 20, 1010. The DJSI follows a best-in-class approach and includes sustainability leaders from each industry on a global and regional level. The annual review of the DJSI family is based on a thorough analysis of corporate sustainability efforts, assessing issues such as corporate governance, risk management, climate change mitigation, supply chain standards and branding. It accounts for general as well as industry specific sustainability criteria for each of the 57 sectors defined according to the Industry Classification Benchmark (ICB).

DeLoach pointed out that Sonoco's selection to DJSI World for 2010/2011 was a result of significant improvement in its ranking in a number of economic, environmental stewardship and social responsibility factors. "Overall, the Company's 2010 score improved 14 percent from 2009, which reinforces the progress we're making in all of our global operations. In addition, the Company received best-in-class marks in our industry for advancements in product stewardship, climate strategy, customer relationship management, code of conduct and stakeholder engagement."

About Sonoco

Founded in 1899, Sonoco is a $3.6 billion global manufacturer of consumer and industrial products and provider of packaging services, with about 300 operations in 35 countries, serving customers in some 85 nations. Sonoco is a proud member of the Dow Jones Sustainability World Index.

SOURCE: Sonoco

Sonoco
Roger Schrum, 843-339-6018
This email address is being protected from spambots. You need JavaScript enabled to view it.

Metso Corporation's Annual General Meeting on March 30, 2010 authorized the Board of Directors to decide on a donation of a maximum of EUR 2.5 million to universities.

On the basis of the decision made by the Annual General Meeting, Metso has decided to grant a donation of EUR 1.9 million to Aalto University Foundation. Metso is directing donations to other universities as follows:


  • Tampere University of Technology's TUT Foundation EUR 350,000
  • University of Jyväskylä EUR 100,000
  • Åbo Akademi University EUR 50,000
  • Lappeenranta University of Technology EUR 50,000
  • University of Oulu EUR 50,000

With these decisions, the donation authorization granted by the Annual General Meeting has been exercised in full.

"Metso appreciates its cooperation with frontline universities around the world. These donations strengthen the new financing model aligned together by the Finnish government and the economic life to support the ability of Aalto University and four other Finnish universities to provide internationally competitive research and education” assesses Metso's President and CEO Jorma Eloranta.

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:
Jukka Seppälä, Vice President, Stakeholder Relations and Trade Policy, Metso Corporation, tel. +358 (0)20 484 3106

Further information for investors, please contact:
Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253