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Acquisition allows us to grow our company that have an excellent reputation for service and quality

Concentration on tissue and sanitary paper products

Purchase price of $170 million

Order is to increase capacity and energy efficiency of the pulp mill

Achieves better and more uniform pulp contributing to improved paper quality and stable runnability

Metso to open new sales offices and valve service centers in the United Arab Emirates and Qatar

Investment to increase green electricity production and improve the mill's overall cost position

Target includes savings in variable and fixed costs in all UPM businesses as well as planned capacity closures

A seamless transition of the business moves forward

Expansion enhances its opportunities and customer base

Lowers energy demand by increased runability of the paper machine

Allows demands from our pan-European customers to be met

Most advanced state-of-the-art paper machine

Growth opportunities continue

Better Practices, Better Planet

Annually at about this time of the year we look back at how the pulp and paper industry in Australia and New Zealand has fared for the business fiscal year, which in Australasia is the year to 30 June.

I was recently having a discussion with a senior executive in the containerboard industry. We were talking about the move to lighter weight containerboard. I was pointing out the pressure the recycled mills with their lighter weight board are putting on the old line virgin or mostly virgin fiber mills in the US. His comeback was that they still represent 90% of the market and dictate what happens in the business. I am not so sure that their representation of position in the market is accurately reflected if one thinks only of tons...

The PM40 closed Friday, 31 October 2014 at 3347.

3 Nov 14 Get the latest PM40 update by listening to the weekly Nips show by Pulp & Paper Radio International.

The PM40 closed 31 October 2014 up 13% from the 1 November 2013 level.

In this issue we evaluate Kimberly Clark Corp and Neenah Paper, Inc.

Reported insider trading since the last issue of PaperMoney.

How many of us have the "pulp and paper religion?" By that, I mean the understanding--even the conviction--that making pulp and paper is a world-wide public service. The times, they are a-changing and they always will, but the world still needs paper. And it always will.

Robotics, automation, telematics and autonomous vehicles are the future?

An excellent strategic fit because of growing packaging market opportunities