Moody’s has today upgraded Norske Skogindustrier ASA’s corporate family rating to Caa2 from Caa3, and the probability of default rating (PDR) to Caa2-PD from Caa3-PD. The outlook on all ratings is stable.
IFC – Internacional Financial Corporation – confirms its intention to take up 20% stake in Portucel Moçambique, with the subscription of an initial amount of approximately USD 5 million, an important step forward in implementing the Group’s international development plan
Mondi is looking back at a highly successful Drupa 2016 where the company showcased its innovative offer as the one-stop paper manufacturer for the professional printing industry. Among Mondi’s many highlights were a paper house illustrating the comprehensive paper solutions Mondi offers featuring a paper art gallery, live print runs of the new high-speed inkjet paper NEUJET® and a cutting-edge 3D printer using BIO TOP 3®.
Melbourne based consulting firm, Australia’s imports of printing and communication (P&C) papers are set to fall 7.9% for the 2015-16 financial year when the formal data becomes available in the next month
invites analysts and institutional investors to its Capital Markets Day in Helsinki on Tuesday, September 20, 2016. The event will start at 9:00 a.m. (EET) and end at approximately 4:45 p.m. (EET). The event will take place at Restaurant Sipuli (Kanavaranta 7, Helsinki).
The aim of the Capital Markets Day is to provide information about Valmet’s strategy according to which Valmet targets to grow with improved profitability. Valmet’s financial targets were increased on June 21, 2016 and the event offers a good opportunity to hear how Valmet aims to reach these targets.
The speakers in the event include Pasi Laine, President and CEO ; Kari Saarinen, CFO ; Juha Lappalainen, SVP, Strategy and Operational Development ; and the Business Line Presidents. The event also provides an opportunity to have conversation with the management in small-group meetings. The language of the event and material is English.
All presentations can be followed via a live webcast at http://www.valmet.com/webcasts.
has received an order from the Italian Pro-Gest Group to deliver the complete waste paper processing plant and approach system for its new paper machine in Mantova, Italy.
Klabin, Brazil’s largest paper producer and exporterand the leading producer of corrugated board packaging and industrial bags, today delivered five official trucks to the Pernambuco State Government, which will be used by the Fire Department of Goiana, a city in the Zona da Mata Norte region.
Iggesund Paperboard is expanding in the Asia Pacific region and will open a sales office in Japan from 1 September. Over the past year Iggesund has established a service centre with sheeting and warehousing in Taiwan to cut lead times in the region.
Kotkamills’ new consumer board machine, BM2, has started production in Kotka, Finland. A range of folding boxboards will be produced under the brand name AEGLE and a range of food service boards under the brand name ISLA.
UPM will commence discussions with the Government of Uruguay on the development of logistics infrastructure. Discussions will include railroad and roads, which currently are a critical challenge to establish large scale industrial operation in the Uruguayan inland and to connect it to a deep sea port.
"Uruguay could accommodate a third state-of-art pulp mill with proven environmental performance, if the logistics infrastructure would be rebuilt to support large scale export-oriented businesses. If these challenges can be solved in the coming few years, Uruguay could be a competitive alternative for addressing UPM’s pulp market opportunities in the 2020’s," says Jaakko Sarantola, UPM’s Senior Vice President, Uruguay Development.
Today Sofidel breaks ground for its new integrated plant in Circleville (OH), in the US.
The plant enters its first building phase with a ceremony that draws dozens of elected officials. They include, among others, Ohio Lt. Governor Mary Taylor, Congressman Steve Stivers, State Senator Bob Peterson, and State Representative Gary Scherer.
An innovative system for transporting fresh soft fruit called the SoFruBox® won the award in the transport packaging category. The SoFruBox system consists of a stackable crate in which individual punnets containing 500g (SoFruMiniPak®) or 1 Kg (SoFruBox®) of fruit can be can tailored to meet the needs of both the grower and the retailer.
Arkema’s Multi50 and its crew, skippered by Lalou Roucayrol, crossed the finish line of the 9th edition of the Quebec - St-Malo Transat race at 4 am today, 20th July, therefore winning their first transatlantic race.
The crew sailed from Quebec City in Canada at 7 pm (French time) on 11 July and immediately took the lead, a position they maintained right through to the finish despite the short distances separating the competitors. After 9 days and 9 hours at sea, Lalou Roucayrol, Karine Fauconnier, César Dohy and Etienne Cara put in a superb performance by covering the 3,254 nautical mile (6000 km) course at an average speed of 14.46 knots (27 km per hour).
CEO Per Lindberg comments on the development during Q2 2016 :
”After a couple of troublesome quarters we are now back on track with production running according to plans. The second quarter performance is in line with our own expectations. During the quarter it was decided to proceed with the investment in Skärblacka. The investment will enable further growth in attractive market segments and at the same time streamline the company’s production structure. The investment program will develop the Skärblacka production unit in Sweden into a world leading center for machine glazed, MG, kraft paper production, hence creating a competitive future platform for Packaging Paper to enable the selective growth strategy”
The Laboratory of Pulp and Paper Science and Graphic Arts (LGP2) recently became an associate member of the Bio-based Industries Consortium (BIC), an association founded in Brussels in 2012 to represent the private sector within the Bio-Based Industries (BBI) public-private partnership.
In accordance with Federal Law No. 99-FZ “On Introduction of Amendments to Chapter 4 Part One of the Civil Code of the Russian Federation and on Invalidation of Certain Provisions of Legislative Acts of the Russian Federation”, dated May 05, 2014, Open Joint Stock Company Volga (hereinafter the “Company”) has been renamed as Joint Stock Company Volga. The annual general meeting of shareholders adopted the revised Articles of Association of the Company, including the name change, on June 30, 2016. The revised Articles are due to be registered as required by law on state registration of legal entities.
Bruno Zago : “ Stability and sound development is the foundation for the projects of Pro-Gest”
The Pro-Gest Group presented their Business Plan of 2017-2019 today to credit and banking Institutions. The Group closed 2015 with a turnover of 450 million euro (+ 27% compared to 354 million in 2014) and with 89 million EBITDA, an incredible increase compared to the 20% in 2014.
has received an order from S.A. Industrias Celulosa Aragonesa (SAICA) to supply a FibreFlow drum pulping system for its paper mill in El Burgo de Ebro, Spain.
The sodding ceremony for the construction of the Norske Skog Golbey biogas plant took place on July 13. This 7,1 M€ project will be financed locally. The plant will be connected to the biological-chemical treatment plant and be dimensioned to absorb all organic waste from the paper production. The plant is expected to be at full operation by the end of 2017. Some 17,000 MWh per year of biogas will be produced and the reduction of fossil emissions will be 3,100 tpy.
At the same time, Golbey launches new projects, which will combine synergies from the existing mill and the nearby industrial cluster, which has been developed in recent years.
At Luxe Pack 2016 Metsä Board, part of Metsä Group, will showcase a selection of sustainable folding boxboards and linerboards designed to meet the demands of the most sophisticated packaging designs.
Metsä Board has increasingly focused its attention upon helping customers to differentiate their brands through high quality presentation and environmental credentials. All Metsä Board’s paperboards are made from a renewable and recyclable resource – fresh forest fibres – grown in sustainably managed northern European forests. The fibres are of known origin and all the raw materials used in the manufacturing processes can be traced to source. In addition these fibres help ensure purity and brightness of appearance and add to the ultimate strength of the packaging design.
Innovation Management plays a key role at BST eltromat International. What advantages does the company see in the company-wide coordination of its innovative capacity by a central agency ? And how do customers benefit from it ?
Contech – market leader in the coatings treatment sector of pulp and paper – has appointed Abilio Franco, a pulp and paper specialist with a degree in Management Development, as the company’s new General Director of Operations. He will be responsible for creating new operational policies and strategies, and for strategic communication, in line with the company’s objectives and targets.
Celupaper S.A. started up the new PM3, the first of the two tissue machine that the South American producer has commissioned to the Italian leading supplier in the last 2 years. This start-up follows the rebuilding of PM2 that Toscotec also carried out in February 2015.