Global Paper Money

PM40

The PM40 closed 09 March 2012 at 2091.87.

RearView

The PM40 closed 09 March 2012 up 4.1% from the 10 March 2011 level.

Disconnected Comparisons

In this issue we evaluate R.R. Donnelley & Sons Company and Verso Paper Corporation.

Insider Trading

Reported insider trading since the last issue of PaperMoney.

Appleton Meets With Union Concerning Supply Agreement With Domtar

Appleton has completed discussions with union representatives about changes related to a 15-year supply agreement with Domtar.

Catalyst Enters into Restructuring

Catalyst Paper Corporation has entered into an agreement with certain holders of its senior and senior secured notes.

Quad/Graphics to Close Plant in Jonesboro, Arkansas

Quad/Graphics will cease production at its Jonesboro, Arkansas, facility.

M-real Corporation Plans Closure of Mill in France

M-real Corporation plans to close the Alizay mill in France.

The Winds of Change

By:

Dennis Shore

Ill winds stress Australian industries.

AkzoNobel Invests EUR 80 Million in Suzano Pulp Mill in Brazil

AkzoNobel 15-year agreement emphasizes the importance of high growth markets in Brazil.

Metso Inaugurates New Facilities in Brazil

Metso inaugurates new facilities in Araucária, Brazil.

UPM to Outsource to IT Services to HCL

UPM and HCL Technologies Limited have signed a five year outsourcing frame agreement.

Resolute Updates Status of Fibrek Offer

Resolute Forest Products announced that it has received a favorable decision from the federal Minister of Industry.

The Final Word by Jim Thompson

A new way to communicate with you.

Earnings Announcements

Prospective Buyers Eye Terrace Bay Pulp and NewPage Mills

Talks continue in potential sales of Terrace Bay Pulp and NewPage mills.

SCA Acquires PLF

SCA acquires French timber-processing company PLF.

Stora Enso

Stora Enso has successfully issueda seven-year EUR 500 million eurobond.

If the Government is Against Us, Who can be for Us?

By:

James R. Thompson, Executive Editor

To heck with the economy.

PM40

The PM40 closed 24 February 2012 at 2020.87.

RearView

The PM40 closed 24 February 2012 down 3.5% from the 25 February 2011 level.

Disconnected Comparisons

In this issue we evaluate Rock-Tenn Company and USG Corporation.

Insider Trading

Reported insider trading since the last issue of PaperMoney.

Rayonier

Rayonier announces pricing of USD 325 million senior notes offering.

Metso to Upgrade Recovery Boiler for Billerud

Metso will supply a recovery system upgrade for Billerud in Sweden.

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