Global Paper Money

Pöyry Awarded Contract for a New Pulp Mill in Uruguay

Pöyry's Industry business group has been awarded services contracts by Montes del Plata for the integration of a greenfield pulp mill in Punta Pereira, Uruguay.

Syassky Invests in New Tissue Line From Toscotec

Russian JSC Syassky mill invests in a new Toscotec tissue line.

Andritz to Supply Biomass Boiler to Hämeenkyrön Voima Oy

International technology Group Andritz has been awarded an order by Hämeenkyrön Voima Oy.

Mitsubishi Paper Mills Reports on Business Effects of Earthquake

Misubishi Paper Mills has assessed damages to date from the March earthquake and tsunami in Japan.

Metso will supply SIA Graanul Invest with a biomass power plant for combined heat and power production in Latvia.

SWM

SWM has authorized the repurchase of up to USD 75 million in SWM common stock.

Domtar to Reduce Papermaking Capacity at Arkansas Mill

Domtar announced it will permanently shut down one of four paper machines at its Ashdown, Arkansas, pulp and paper mill.

Fibrek Mill to Receive Funding for Power Installation

The Fibrek mill in Saint-Félicien, Quebec, will receive CAD 6.1 million under the Pulp and Paper Green Transformation Program to help the mill modernize its facility and enhance its environmental performance.

Sappi Fine Paper Europe Considers Closing its Biberist Mill

Sappi Fine Paper Europe is considering closing its Biberist mill in Switzerland.

Papier und Kartonfabrik Varel is Revamping its Paper Machine

Papier und Kartonfabrik Varel is in the process of revamping paper machine no. 4.

Stora Enso Plans Permanent Closure

Stora Enso plans permanent closure of Kopparfors sawmill and the pellet mill.

International Paper has entered into agreements with L.N. Bangur, and related family members and affiliates to purchase approximately 53.5% of the outstanding shares of Andhra Pradesh Paper Mills.

The Final Word by Jim Thompson

Japanese earthquake ripples through our industry

Earnings Announcements

Cathay Forest Products Applies for Reinstatment of Shares Trading

Cathay Forest Products has applied for reinstatement of trading of its shares on the TSX Venture Exchange.

Rio Tinto to Purchase Eurocan Wharf from West Fraser

West Fraser has entered into an agreement to sell its deep sea wharf in British Columbia to Rio Tinto Alcan.

NewPage Subsidiary Sells Cogeneration Assets to ReEnergy

NewPage subsidiary, Rumford Paper Company, has signed an agreement to sell its cogeneration energy assets

Norske Skogindustrier ASA and CellMark AB have entered into an exclusive marketing agreement for sales in the United States, Canada, and Mexico.

Tembec has closed the sale of its hydro-electric generating assets located in Smooth Rock Falls, Ontario.

Paper Excellence Canada Holdings to Acquire Northern Resources

Paper Excellence Canada Holdings Corp of Vancouver, British Columbia, has reached an agreement to acquire Northern Resources.

Lombard Investments Sells Shares in S.Pack & Print to Oji Paper

Lombard Investments has sold its 23% stake in paper packaging manufacturer, S.Pack & Print Public Company Limited to Oji Paper.

Ahlstrom to Sell Ascoli Mill to Eurocomet

Ahlstrom Corporation has recently agreed to sell the buildings, land, and assets of its Ascoli mill in Italy.

St. Joe Company Deeds 40,975 Acres to Resource Management Service

The St. Joe Company has completed the sale of a 40,975 acre timber deed to an investment fund.

International Paper

International Paper announced an increase in its common stock dividend, from 18 and three quarter cents ($0.1875) per share to 26 and one quarter cents.

Mohawk Joins U.S. EPA SmartWay Transport Partnership

Mohawk Fine Papers has joined the SmartWay Transport Partnership.

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