Global Paper Money

Earnings Announcements

2011 -- The Year of Currency

By:

James R. Thompson, Executive Editor

As we jump into 2011, the issue of the year for a global industry such as ours is going to be currency and currency exchange rates.

PM40

The PM40 closed 24 December 2010 at 1890.89, the highest end-of-week close since the inception of the index in 2004.

RearView

The PM40 closed 24 December 2010 up 16.5% compared to the 25 December 2009 level.

Disconnected Comparisons

In this issue of Disconnected Comparisons, we evaluate 3M Company (MMM) and Deltic Timber Corporation (DEL).

Insider Trading

Reported insider trading since the last issue of PaperMoney reflects sales of 1,229,000 shares at an average price of USD 18.47 per share and purchases of 22,000 shares at a price of USD 20.39 per share.

Metso Tissue Machine Begins Operation at HengAn in China

A Metso-supplied tissue production line came stream at Shandong HengAn Paper's Weifang mill in China on 09 November 2010.

Metso to Rebuild Tissue Machine at Svenska Pappersbruket's Klippan Mill

Metso has been awarded a contract to deliver a major rebuild of the PM 9 tissue machine of Svenska Pappersbruket AB’s Klippan mill in Klippan, Sweden.

Buckeye Technologies Inc.

Buckeye Technologies Inc. has scheduled a conference call for 26 January 2011 to discuss second quarter 2011 results.

UPM Agrees on New Financing Arrangements

UPM has prepaid all of the Uruguay Fray Bentos pulp mill investment project loans.

West Fraser Timber Amends Credit Facility and Approves 2011 Capital Expenditures

West Fraser announced that it has completed an amendment of its committed revolving credit facility.

Pope Resources Announces USD 2.4 Million Conservation Easement Sale

Pope Resources has closed a USD 2.4 million conservation easement sale on nearly 6900 acres in Washington.

Ahlstrom to Increase Transportation Filtration Production in Europe

Ahlstrom will invest in additional capacity in transportation filtration materials at its site in Turin, Italy.

Canada Helps Fund Energy Efficiency at Weyerhaeuser in Alberta

The government of Canada has announced an investment in Weyerhaeuser Company Limited to help improve the company's energy efficiency.

Ahlstrom Completes Divestment of German Site to Interface Solutions

Ahlstrom has completed its divestment of Ahlstrom Altenkirchen GmbH in Germany to Interface Solutions.

Ainsworth to Acquire Footner OSB Mill

Ainsworth Lumber Co. has entered into an agreement with Grant Forest Products Inc. to indirectly acquire the remaining 50% interest in Footner Forest Products Inc.

Clearwater Paper Acquires Cellu Tissue Holdings

Clearwater Paper has completed its acquisition of Cellu Tissue Holdings, a manufacturer of tissue products in Alpharetta, Georgia.

UPM to Acquire Myllykoski and Rhein Papier

UPM-Kymmene Corporation has entered into an agreement to acquire Myllykoski Corporation and Rhein Papier GmbH.

Enviva LP to Manufacture Wood Pellets in North Carolina

Enviva LP today announced plans to build a wood pellet manufacturing facility in Ahoskie, North Carolina.

Norske Skog Signs Contract with Statkraft for Power

Norske Skog has signed a long-term contract with Statkraft for supply of power for the paper mill at Skogn, Norway.

The Final Word by Jim Thompson

It will be more difficult to focus on operational efficiencies in 2011 if headquarters is focused on currency.

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Archives

Capital Projects

Departments

Supplier News

NOREXECO

Corporate Finance

Joint Venture

Major Expenditures

Mergers & Acquisitions

Major Announcements

Final Word

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