Capital Projects
Departments
The Nobel Peace Prize for 2010 was awarded to Liu Xiaobo last week, in absentia.
The PM40 closed 10 December 2010 at 1865.61, up 3.0% from our last report.
The PM40 closed 10 December 2010 up 20.8% compared to the 11 December 2009 level.
In this issue of Disconnected Comparisons, we evaluate Weyerhaeuser Company (WY) and Clearwater Paper Corp (CLW). here
Reported insider trading since the last issue of PaperMoney reflects sales of 27,980 shares at an average price of USD 13.45 per share.
Supplier News
Andritz will supply a deinking plant to Tamil Nadu Newsprint & Papers Limited, India.
Metso will supply Hinton Pulp with a rebuild of their market pulp machine in Hinton, Alberta, Canada.
Metso and Howe Sound Pulp & Paper have announced an agreement to retrofit the existing Babcock and Wilcox biomass power boiler.
Vaahto Pulp & Paper Machinery will supply five headboxes for two packaging boards production line of Vantage Dragon Ltd. in China.
Market News of Note
Domtar Corp. today announced that it has sold its 48,070,712 common shares of EACOM Timber Corporation.
Orient Paper provides its outlook for fiscal year 2011.
Potlatch Corporation announced that it has voted to transfer its stock exchange listing from the New York Stock Exchange to the NASDAQ.
NOREXECO
RockTenn will hold its conference call to discuss its first quarter of fiscal 2011 results on 26 January 2011 at 9:00 a.m. Eastern Time.
Corporate Finance
China Shengda Packaging today announced the pricing of an underwritten public offering of 8,145,631 shares.
Clearwater Paper Corp.today announced the pricing of the total consideration to be paid in connection with the cash tender offer to purchase any and all of Cellu Tissue Holdings, Inc.'s outstanding 11½% senior secured notes due 2014.
Metso Corporation has signed a EUR 500 million revolving five-year committed loan facility.
Plum Creek Timber Co. has completed a new four-year USD 600 million revolving credit facility.
Stora Enso has signed a new EUR 700 million committed credit facility agreement
with a syndicate of 16 banks.
Western Forest Products Inc.has finalized agreements to amend both its term loan and revolving credit line facilities.
Major Expenditures
Canfor Corporation announced that it will be proceeding with a 2011 capital spending plan of CAD 145 million for its lumber business.
Graphic Packaging International, Inc. is beginning a projhect to expand use of biomass energy at its mill in Macon, Georgia.
Sappi Fine Paper North America has successfully completed capital projects totaling USD 49 million at its Somerset mill in Maine.
Tembec will be making an investment in a green energy project at its mill in Tartas, France.
Mergers & Acquisitions
Fraser Papers Inc. has received the necessary court approvals to complete the sale its paper mill in Gorham, New Hampshire, USA.
Major Announcements
Metso has concluded employee negotiations concerning personnel reductions at its Juankoski plant in Finland.
NewPage Corp. announced it will close its Whiting, Wisconsin, mill at the end of February 2011.
The CTMP line at Rottneros mill has been idled since the beginning of December.
Southern Plug and Manufacturing, Inc., a unit of Sonoco Products Company, announced that it will close its Bastrop molded plug manufacturing plant.
Restructurings
AbitibiBowater has successfully completed its reorganization.
Closures/Reductions
Nowadays, maintaining a working relationship with a range of environmental advocacy organizations is an essential part of doing business.
Final Word
Around this time of year, people start asking me what I think the next year is going offer the pulp and paper industry.
Environmental
The Government of Canada announced today an investment in new Canadian technology at Catalyst Paper.
