Capital Projects
Departments
Kimberly-Clark and Domtar launch new campaigns to market paper to the public.
The PM40 closed 05 November 2010 at 1885.243, up 5.5% from our last report – 22 October 2010.
The PM40 closed 05 November 2010 up 32.6% compared to the 06 November 2009 level.
In this issue of Disconnected Comparisons, we evaluate Verso Paper Corp. (VRS) and Buckeye Technologies Inc. (BKI).
Reported insider trading since the last issue of PaperMoney reflects sales of 62,000 shares at an average price of USD 17.78 per share and purchases of 5703 shares at an average price of USD 52.06 per share.
Amusing & Interesting
Kimberly-Clark today announced the introduction of the first toilet paper in the United States without the cardboard tube.
Supplier News
Andritz will deliver two tissue machines,to Ganzhou Hwagain Paper Products, China
Metso will relocate a containerboard machine for PT. Pelita Cengkareng Paper & Co. in Indonesia.
Voith is running pilot tests on the first carbon nanotube forming fabric.
Market News of Note
Sonoco announced today the expiration and final results of its offer to purchase any and all of its 6.50% notes due 2013.
NOREXECO
Plum Creek Timber Company, Inc. today announced a quarterly cash dividend of USD 0.42 per share.
Tembec’s fourth quarter results for the period ended 25 September 2010, will be released on 17 November 2010.
Corporate Finance
Greif, Inc. closed on a USD 1 billion facility replacing an existing USD 700 million senior secured credit facility that was scheduled to expire in February 2012.
Mercer International Inc.announced that it has agreed to sell USD 300 million in aggregate principal amount of 9.5% senior notes.
Plum Creek Timberlands, L.P., a wholly owned subsidiary and operating partnership of Plum Creek Timber Company, Inc. announced today the pricing of its public offering of USD 575 million.
Stora Enso will exercise its right to redeem all of the USD 421 million bond
maturing in May 2011.
Major Expenditures
Metsä Tissue Corporation has announced plans to invest nearly EUR 30 million in its newly acquired capacity at the Düren mill in Germany.
Quad/Graphics, Inc., a leading printer of retail advertising inserts in North America, announced today it is investing USD 20 million to expand its insert printing capabilities.
Mergers & Acquisitions
Fraser Papers Inc. announced today that it has reached an agreement to sell substantially all of its assets to MM Consulting and Contracting Company LLC.
Quad/Graphics, Inc. the second largest provider of print, digital, and related services in North America, today announced it has purchased HGI Company.
Sino-Forest Corporation, a leading commercial forest plantation operator in China, is pleased to announce today the acquisition of a New Zealand plantation.
Major Announcements
Metso has inaugurated its third service center for the pulp and paper industry in China, in Zibo, Shandong Province.
PM 6 will be stopped at the end of November and the downtime will last at least until the end of 2010.
The shutdown for maintenance work for Vallvik mill has ended and production is back on track.
With the assistance of a loan, St. Marys Paper Corp. is gearing up to restart by early December.
Restructurings
The UPM Timber business unit will begin negotiations on reorganization of its operational staff in Finland and Russia.
Closures/Reductions
In the mid-1990s an ambitious strategy was developed to effectively triple Australia’s plantation resource (then about 1 million hectares) by 2020.
Final Word
Worldwide, countries face the realities of tight economies.
Environmental
Domtar's mill in Espanola, Ontario, will receive CAD 700,000 under Canada's Pulp and Paper Green Transformation Program to replace its aerators to with more energy-efficient models.
Iberdrola Renewables today announced the start of construction at its 26.8 megawatt Lakeview biomass cogeneration plant in Lakeview, Oregon.
The government of Canada is investing in West Fraser Mills Limited to improve the company's environmental performance
