Capital Projects
Departments
Understanding the complexity of making even seemingly simple products leads to a better appreciation of the value of those products.
The PM40 closed 08 October 2010 at 1736.78, up 2.4% from our last report – 24 September 2010.
The PM40 closed 08 October 2010 up 18.8% compared to the 07 October 2009 level. Over the same period, the Rydex Equal-Weight S&P 500 Index was up 14.5%.
In this issue of Disconnected Comparisons, we evaluate UPM-Kymmene Corporation (UPMKY) and Boise Inc. (BZ).
Reported insider trading since the last issue of PaperMoney reflects sales of 59,049 shares at an average price of USD 45.36 per share and purchases of 220,973 shares at a price USD 5.51 per share.
Supplier News
Metso will supply two board machines to Liansheng Paper Industry (Longhai) Co., Ltd. in China.
NOREXECO
Albany International Corp. to release 2010 third-quarter financial results 03 November 2010.
Canfor Corporation will hold a conference call on 29 October at 9:00 a.m. Pacific Time.
Domtar Corporation will release its third quarter 2010 financial results on 29 October 2010.
Glatfelter expects to issue financial results for the third quarter on 02 November 2010.
International Paper today declared a regular quarterly dividend of USD 0.125 per share.
McGraw-Hill Companies will issue its third quarter 2010 results on 26 October 2010.
NewPage Corp. will release its third quarter 2010 financial results on 04 November 2010.
Orchids Paper Products Co. will release its 2010 third quarter financial results on 27 October 2010.
Packaging Corporation of America will hold a conference call to discuss third quarter results on 19 October 2010.
Plum Creek Timber Company, Inc. will release its third quarter 2010 earnings on 25 October 2010.
R.R. Donnelley & Sons Company will release its financial results for the third quarter on 03 November 2010.
Rayonier Inc. plans to release its third quarter 2010 earnings on 26 October 2010.
RockTenn will hold its conference call to discuss its fourth quarter results on 04 November 2010.
Temple-Inland Inc. will release its results for third quarter 2010 on 20 October 2010.
USG Corporation will hold a conference call and webcast on 20 October 2010.
Verso will report third quarter results and host a conference call on 03 November 2010.
Wausau Paper will release its 2010 third-quarter financial results on 27 October 2010.
Weyerhaeuser Company will release third quarter 2010 results on 29 October 2010.
Corporate Finance
AbitibiBowater Inc. has closed the sale of CAD 850 million aggregate principal amount of 10.25% senior secured notes due 2018
Buckeye Technologies Inc. has completed the redemption of its remaining 8.5% senior notes due 2013.
Clearwater Paper Corporation today announced the pricing of USD 375 million principal amount of senior notes due 2018.
Sino-Forest Corporation has commenced an offering of guaranteed senior notes due 2017.
Major Expenditures
M-real Corporation will imrpove the coating section at the Kemiart liners mill.
Mergers & Acquisitions
Canfor Corporation announces that Howe Sound Pulp and Paper Limited Partnership has completed the sale of assets to Howe Sound Pulp and Paper Corporation.
Central National-Gottesman today announced that its Lindenmeyr Munroe division has acquired the assets and business of Frank Parsons's Fine Paper Division.
Enviva LP continues growth with acquisition of premium wood-pellet manufacturer.
Hadera Paper Ltd. has successfully completed its tender offer to purchase shares of Carmel Container Systems Ltd.
Mitsubishi HiTec Paper Europe GmbH is new name for merged Misubishi companies in Germany.
Major Announcements
Holmen Paper has eliminated 29 jobs at it’s mill in Madrid.
M-real Corporation, part of Metsäliitto Group, has concluded the statutory negotiations concerning staffing cuts at the Äänekoski paper mill.
Pöyry's has begun a program to improve the efficiency and quality of operations to serve Pöyry's clientele in a cost-efficient way.
Restructurings
Quad/Graphics, Inc. announced today its plans for investing in and restructuring its Canadian operations.
Closures/Reductions
Like all industries, pulp and paper mills must deal with a host of regulations imposed by their governments.
Final Word
Kudos to the successful rescue of miners in Chile.
Environmental
Harmac Pacific pulp mill will receive CAD 4.31 million under the Pulp and Paper Green Transformation Program
Stora Enso's and Neste Oil's joint venture, NSE Biofuels Oy, is to commence
environmental impact assessments for a commercial-scale biorefinery.
