Global Paper Money

Glatfelter Expands Festooning Capacity

Glatfelter is expanding its proprietary festooning capacity.

Orient Paper Renovates and Adds Production Lines

Orient Paper is nearing completion of the renovation of one of its idle paper production lines.

SCA Containerboard to Complete Rebuild at German Mill

SCA Containerboard will stop its machine at Witzenhausen, Germany, for 17 days to complete a rebuild there.

Ahlstrom to Increase Capacity in Finland

Ahlstrom to increase its filtration material capacity in Tampere, Finland.

Potlatch Temporarily Closes Diamond-Aquarius Road for Repairs

Potlatch has closed the primary vehicle travel route between the town of Elk River, Idaho, and Granddad Bridge for the next several weeks.

The Final Word by Jim Thompson

A brighter operating future...

Earnings Announcements

International Paper Makes Proposal to Acquire Temple-Inland

International Paper is seeking to acquire all of the outstanding shares of Temple-Inland for USD 30.60 per share.

NewPage to sell Wisconsin Facility to AIM Demolition USA

NewPage to sell facility in Kimberly, Wisconsin, to AIM Demolition USA.

Cascades to Sell Two U.S. Mills to OpenGate Capital

Cascades continues optimizing its portfolio of assets.

TimberWest Forest Corporation Acquisition Gains Voter Approval

Timberwest security holders approve acquisition by BCIMC and PSP investments.

Sino-Forest Corp. confirmed that the Ontario Securities Commission has opened an investigation.

Louisiana-Pacific Corporation's subsidiary, LP South America (LPSA), has acquired the remaining 25% equity interest in LP-Brasil OSB.

Corrugated Packaging Safe From E. coli

Escherichia coli bacteria cannot survive in corrugated packaging.

Domtar Launches "The Paper Trail" Environmental Impact Calculator

A new environmental tool from Domtar Corporation offers customers the ability to view the environmental impacts of specific papers.

Where Do We Find Bright Spots?

By:

James R. Thompson, Executive Editor

The economy in Europe and the United States seems to continue to sputter along.

PM40

The PM40 closed 27 May 2011 at 2073.35.

RearView

The PM40 closed 27 May 2011 up 28.2% compared to the 28 May 2010 level.

Disconnected Comparisons

In this issue, we evaluate Fibria Celulose S.A. and Louisiana-Pacific Corporation.

Insider Trading

Reported insider trading since the last issue of PaperMoney.

Fibrek and the Saint-Felicien Mill Employee Union Reach Agreement

Paperworkers Union of Canada have voted in favor of a new collective bargaining agreement.

Grays Harbor Paper to Close Facility at Hoquiam, Washington

Grays Harbor Paper has announced the permanent shutdown of the Hoquiam,
Washington facility.

Sappi Fine Paper Europe will cease production of coated graphic paper at its Biberist paper mill.

Forest fires have caused substantial damage to Slave Lake, Alberta, and surrounding areas.

Metso to Supply Woodyards to Duratex in Brazil

Metso will supply complete woodyard equipment and defibrator systems for the two new MDF projects of Duratex S.A. in Brazil.

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