Capital Projects
Rating Agency Announcements
Fitch affirms Weyerhaeuser at BB+; outlook negative.
Departments
By:
James R. Thompson, Executive Editor
Industry-wide experience in surviving economic fluctuations can benefit your customers.
The PM40 closed 27 August 2010 at 1573.90, down 5.3% from our last report -- 06 August 2010.
The PM40 closed 27 August 2010 up 15.2% compared to the 28 August 2009 level. Over the same period, the Rydex Equal-Weight S&P 500 Index was up 9.1%.
In this issue of Disconnected Comparisons, we evaluate Sonoco Products Company (SON) and 3M Company (MMM).
Reported insider trading since the last issue of PaperMoney reflects sales of 86,002 shares at an average price of USD 21.28 per share and purchases of 472,025 shares at an average price of USD 5.50 per share.
Supplier News
Andritz has received an order from P.T. Aspex Kumbong to supply stock preparation components for the Cileungsi mill, Indonesia.
Metso will supply a coated cartonboard production line to Lee & Man Paper Manufacturing Co., Ltd.
Metso will supply a greenfield kraft pulp mill to Oji Paper Co. Ltd., to be built in Nantong City, Jiangsu Province, China.
Voith Paper delivers turn-key tissue line to Middle East.
Culture & Marketing
KapStone Paper and Packaging Corporation approved as producer of cellulosic biofuel.
NOREXECO
Greif, Inc.today announced plans to release third quarter 2010
Weyerhaeuser Company today announced the preliminary results of the shareholder election relating to a special dividend.
Corporate Finance
Tembec Inc. announced today that it has completed its previously announced private offering of USD 255 million in aggregate principal amount of 11.25% Senior Secured Notes
Labor & Union Actions
Ainsworth announces new labor agreements with unionized workers at Barwick and 100 Mile House mills.
Western Forest Products Inc. has ratified a new four year labor contract with the United Steelworkers union.
Legal
AbitibiBowater today announced a formal settlement agreement with the Government of Canada regarding appropriated assets.
The law offices of Howard G. Smith are investigating alleged claims against Orient Paper, Inc.
Major Expenditures
Fibria has resumed its growth trajectory and announces new investment for the formation of a forest base.
Construction has progressed rapidly and is on schedule for a late 2011 start up at the Fox Creek saw mill.
Mergers & Acquisitions
Amcor announced has reached an agreement to sell its Tobepal operations in Spain.
Hadera Paper Ltd. is commencing a tender offer to purchase 186,704 ordinary shares of Carmel Container Systems.
Pactiv Corporation today announced it has entered into a definitive merger agreement to be acquired by Reynolds Group Holdings Limited.
Stora Enso Baienfurt GmbH has signed an agreement to divest its Baienfurt mill property in Germany.
site real estate
Major Announcements
Ahlstrom recently announced the completion of an investment to increase the speed at its Jacareì plant in Brazil.
Tembec today announced the permanent closure of its newsprint mill located in Pine Falls, Manitoba, Canada.
Restructurings
The Newark Group, Inc. today announced that it has emerged from Chapter 11 bankruptcy and completed a successful reorganization.
Final Word
Here at Paperitalo Publications, we are working hard to provide new (and, importantly, helpful) format and content for you.
Environmental
Starting 01 September 2010, Jornal do Brasil will become the first 100% digital newspaper in Brazil.
Tembec today indicated its full support for an energy conservation program announced earlier today.
