Capital Projects
Departments
By:
James R. Thompson, Executive Editor
Eventual energy solutions may be found in a ray of sunshine.
The PM40 closed 18 February 2011 at 2135.73
The PM40 closed 18 February 2011 up 38.3% compared to the 19 February 2010 level.
In this issue of Disconnected Comparisons, we evaluate Brookfield Infrastructure Partners L.P. (BIP) and Graphic Packaging Holding Company (GPK).
Recent insider trading reflects sales of 132,631 shares at an average price of USD 29.69 per share.
Supplier News
Andritz has been selected to provide a gasification plant to Metsä-Botnia’s Joutseno mill in Finland.
Andritz has been awarded orders for the supply of fiber lines and chemical recovery systems for mills in India and Laos.
Andritz received an order to supply a fiber preparation system for the MDF plant of Arauco do Brasil S.A. in Jaguariaíva, Brazil.
Nippon Paper Industries USA installs a new green energy cogeneration plant at Port Angeles mill.
Metso will supply installation and commissioning services to Amcor Packaging (Australia) Pty Ltd as part of its new machine project.
Mitsubishi Electric Corporation has received orders from Jiangsu Oji Paper for ozone systems to be used in facilities producing kraft pulp.
Vaahto Pulp & Paper Machinery has received orders from Union Paper Mills in Dubai and Asia Paper in Korean Republic.
Dev Priya Industries Limited, India, has commissioned Voith Paper Automation for a stepwise upgrade of PM 2.
Market News of Note
Researchers working to commercialize bioactive paper received a second-term, five-year boost of CAD 7.5-million.
NOREXECO
Greif plans to release first quarter 2011 results after the market closes 02 March 2011.
Labor & Union Actions
Catalyst Paper announced that the United Steelworkers (USW) Local 2688 have ratified renewal of the labor agreement for workers at the Snowflake mill.
Major Expenditures
Canfor Corporation will be proceeding with capital improvement projects totaling CAD 62 million.
M-real Corporation, part of Metsäliitto Group, plans to increase the annual folding boxboard capacity of its Äänekoski and Kyröskoski mills.
Mergers & Acquisitions
AbitibiBowater has agreed to sell its 75% indirect interest in ACH Limited Partnership.
Ainsworth Lumber Co. Ltd. has completed the purchase of the remaining 50% of Footner Forest Products Ltd.
Boise and Tharco Packaging boards of directors have approved an agreement under which Tharco will be acquired.
Cascades Inc. has reached an agreement with OpenGate Capital, a private equity firm, for the sale of its Norampac Avot-Vallée mill in France.
Central National-Gottesman has acquired a 78% ownership interest in Korda Kagit Pazarlama ve Ticaret A.S. in Turkey.
Meriturn Partners, LLC announced today it has signed a tentative agreement with Brookfield Asset Management to acquire Katahdin Paper Co.
UPM Raflatac has announced plans to acquire Gumtac,the Brazilian labelstock coating and slitting business of BIC Group.
Major Announcements
Blue Heron Paper Company is permanently curtailing operations at its Oregon City specialty paper mill.
Graphic Packaging plans to close its Jacksonville, Arkansas, multiwall bag facility.
Repairs are being made to a tank at the Mackenzie pulp mill that ruptured and spilled slurry in the bleach plant.
Mercer International has completed a preliminary feasibility analysis for producing dissolving pulp at its Celgar and Stendal mills.
Metso has strengthened its advanced controls groups for chemical pulping, mechanical pulping, and recycled fiber and paper by forming a Performance Solutions Group.
SCA inaugurated its new tissue plant in Mexico.
Tembec will permanently close its Taschereau sawmill in Quebec.
UPM is expanding its nursery in Finland and building a second nursery in Uruguay.
Restructurings
Fraser Papers Inc. and its subsidiaries announced today that their amended plan of arrangement and compromise has been approved by the courts.
Final Word
