Capital Projects
Departments
By:
James R. Thompson, Executive Editor
There are many, many markets still left in the world.
The PM40 closed 22 October 2010 at 1787.47, up 2.9% from our last report – 08 October 2010.
The PM40 closed 22 October 2010 up 23.4% compared to the 23 October 2009 level.
In this issue of Disconnected Comparisons, we evaluate USG Corporation (USG) and Brookfield Infrastructure Partners L.P. (BIP).
Reported insider trading since the last issue of PaperMoney reflects sales of 1965 shares at a price of USD 59.37 per share.
Supplier News
Andritz will convert a boiler fired by pulverized coal to a biomass-fired boiler in Dalkia Poznań’s combined heat and power plant in Poland.
Metso will provide a new fiberline for dissolving pulp to Fujian Qingshan Paper Industry Co., Ltd.
Metso will provide a new fiberline to Yun Nan Yun-Jing Forestry and Pulp Mill.
Metso will supply a complete tissue production line to Fujian HengLi Paper Co.
Metso will supply a complete tissue production line to Xiamen Xinyang Paper Co., Ltd. in Xiamen City, Fujian Province, China.
NOW Solutions, Inc. announced today a new human resources management and payroll agreement with Howe Sound Pulp and Paper.
NOREXECO
Boise Cascade Holdings, LLC, will host a webcast and conference call on 04 November at 11 a.m. Eastern Time.
Cascades expects to release results before the market open on 12 November 2010.
Kadant Inc. will release its 2010 third quarter results after the market closes on 27 October 2010.
Neenah Paper, Inc. will issue a press release covering third quarter financial results on 03 November 2010.
Corporate Finance
Domtar Corporation today announced that it will redeem approximately USD 135 million in aggregate principal amount.
As of 25 October 2010, the independent investigation has made substantial progress and is now in its final stage.
Sonoco has commenced cash tender offers to purchase a portion of its outstanding bonds.
Legal
Ahlstrom has initiated an internal code of conduct investigation at its manufacturing plant in Mundra, India.
The U.S. International Trade Commission (USITC) today determined that imports of certain coated paper suitable for high-quality print graphics using sheet-fed presses from China and Indonesia threatened U.S. producers.
Major Expenditures
Georgia-Pacific mills in Port Hudson, Louisiana, and Crossett, Arkansas, have been selected for the more than USD 500 million investments to upgrade production.
Indonesia's Sinar Mas Group plans to invest around IDR 10 trillion (USD 1.11 billion).
Mergers & Acquisitions
Waiting period for antitrust review in connection with Clearwater Paper's planned acquisition of Cellu Tissue Holdings, Inc. ended on 22 October 2010.
Neenah Paper, Inc. today announced that it has sold the land and remaining assets of its fine paper mill in Ripon, California.
Stora Enso to acquire 51% of the Chinese packaging company Inpac International.
Major Announcements
Greens' federal cash will be used to upgrade mill boiler
Metro Waste Paper Recovery Inc.changes its name to Cascades Recovery Inc.
Metso Fabrics PMC Inc’s Juankoski plant personnel groups’ representatives have today been given a negotiation proposal.
Suzano Paper and Cellulose is considering production of pulp and paper in Mozambique.
Restructurings
The U.S. Bankruptcy Court is planning to hear arguments on AbitibiBowater's reorganization plans on 05 November 2010.
Final Word
Environmental
SCA has been named the number one Swedish company – and the number three in
the Nordic region -- for carbon dioxide reporting.
