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Stora Enso has completed the divestment of Bulleh Shah Packaging in Pakistan

Stora Enso has completed the divestment announced on 26 July 2017 of its 35% holding in the equity accounted investment Bulleh Shah Packaging (Private) Ltd. in Pakistan to the main owner Packages Ltd.

The total cash consideration for the divestment of the shares is EUR 6 million. The loss on disposal amounts in total to approximately EUR 19 million and it will be recorded as an item affecting comparability in Stora Enso’s third quarter 2017 results.

With this transaction, Packages Ltd. achieves full ownership of Bulleh Shah Packaging.

2017-09-19 
Sequana : Slight improvement in pro forma operating performance in the first-half of 2017

• Pro forma sales of €1,444 million, down 2.8% (down 1.0% at constant exchange rates) on H1 2016 at a constant reporting structure for Arjowiggins
• Pro forma EBITDA up 3.2% to €58 million ; pro forma EBITDA margin up 0.2 points to 4.0% o Antalis : EBITDA up 2.1% to €43 million and EBITDA margin up by 0.3 points to 3.6%, thanks notably to an enhanced gross margin rate in Packaging and Visual Communication o Arjowiggins : Pro forma EBITDA down slightly by 2.8% to €21 million ; pro forma EBITDA margin stable at 6.3%, mainly reflecting the decline in fine paper volumes and higher raw material prices towards the end of the period
• Sales and EBITDA as reported came in at €1,459 million (down 5.2%) and €49 million (down 10.5%), respectively
• Net profit of €3 million
• Net debt stands at €342 million ; the financial leverage ratio was 3.38 o Antalis : €34 million reduction in net debt to €269 million o Arjowiggins : €8 million increase in net debt to €41 million

2017-09-18 
BillerudKorsnäs unit in Karlsborg now back to full production

During the night between September 5th and 6th, there was a fire in one of the buildings at BillerudKorsnäs’ production unit in Karlsborg. The production was stopped as a consequence of the fire but is now back to full speed after a successful work to make the unit ready for production. BillerudKorsnäs estimates that the impact from the fire on Q3 results will be approximately SEK 35 million. 

"Our teams and suppliers have made good efforts to overcome the consequences of the fire and we are glad that we can inform our customers of this quick start-up", says Per Lindberg, President and CEO of BillerudKorsnäs.

The production unit in Karlsborg manufactures sack and kraft paper as well as market pulp for the Packaging Paper business area and has a production capacity of approximately 300,000 tonnes per year.

2017-09-18 
The waste-utilizing boiler was again put into operation after the scheduled preventive maintenance stop at JSC Volga

After the 3-month scheduled preventive maintenance stop, the Volga’s waste-utilizing boiler was again put into operation after that the steam supply was performed and fed to the production site through the steam supply pipes. Andrey Gollandskiy informed us about it.

 The workshop’s workers have performed a large amount of work planned for the specified period.

 According to A.Gollandskiy, the hydraulic system of the low-speed chipper, which processes the wood wastes, was inspected in the bark preparation area, the new oil cooling heat-exchanger, the bark shredder bearings were changed, conveyors and screws were repaired.

 At the same time, the contracting company OOO “Weld-Stroy NN” repaired the exhauster, which removes the flue gas, balanced the rotor, repaired the refractory lining and thermal insulation of the boiler furnaces.

 “The ash conveyor repair (this equipment removes the ash from the boiler) was the one of the most labour-intensive works in the scheduled preventive maintenance period which was done by own efforts,” - the boiler plant head pointed out. - The defective isolation valve replacement, inspection of the gland seal bolts, gears, rotary heads, the thermal insulation recovery on the ash screw equipment, the transformer plants repair- these and the other works were performed by the workshop’s workers.”

 In addition, the floor water disposal system was mounted in the boiler plant.

2017-09-15 
Cellwood proud supplier to Stora Enso Skutskärs “Projekt Fluff”

Stora Enso Skutskär mill is currently rebuilding their TM7. Cellwood Machinery AB has been awarded a contract to supply two horizontal Grubbens Pulpers for broke handling. The position of the pulpers will be at broke station no.1 & 2.

The contract also includes a third horizontal Grubbens Pulper for the TM7 re-winder. A deciding factor for the choice of Grubbens Pulpers, was the low energy consumption.

The delivery will take place during the autumn of 2017.

2017-09-15 
New Ahlstrom-Munksjö to showcase its sustainable release and label papers at Labelexpo Europe

With its first participation to Labelexpo Europe as the newly created Ahlstrom-Munksjö, the company confirms its commitment to the global labelling industry, aiming to contribute with innovative,
sustainable and effective paper-based solutions to the benefit of the Pressure Sensitive Adhesive (PSA) value chain. The company will showcase the latest advances in its dedicated range which now
includes supercalandered and clay-coated release papers, as well as niche facestock label papers.
Labelexpo Europe 2017 will take place on September 25-28 at Brussels Expo in Belgium.
“We form today a larger company, with a strong financial position, extended R&D capabilities and a wider geographical footprint. Our aim is to rely on these strengths to support strategic growth while
continuing to deliver customer value through high quality, backed by advanced technology, deep know-how and tailored services. We are glad to connect at Labelexpo with the entire PSA value chain,
as one of the key industries we commit to.” says Marco Troglia, Vice President Release Liners.

2017-09-15 
Kruger creates a new entity

Kruger Inc. announced a $377.6-M transaction to diversify operations at its Brompton and Wayagamack Mills into specialty niches, such as flexible food packaging, labelling and digital printing. This major project, undertaken in partnership with the Government of Québec, will help to maintain more than 500 jobs in the Mauricie and Estrie regions. The announcement has been made on September 8 in the presence of Philippe Couillard, Premier of Québec ; Dominique Anglade, Minister of Economy, Science and Innovation ; and Joseph Kruger II, Chairman and Chief Executive Officer of Kruger, as well as Ministers Luc Blanchette, Julie Boulet, and Luc Fortin.

2017-09-14 
Hamburger Containerboard purchases land to set up a new paper mill in Kütahya, Turkey Major step in 300 M€. Euro investment completed

Hamburger Turkey Ltd., part of the Austrian Prinzhorn Group, has signed a land purchasing agreement to set up a third paper mill in Turkey. The location is situated 250 Km south-east of Istanbul.
The new paper machine will have state - of - the - art technology, a width of 7,80m and an annual production capacity of 480.000 tonnes containerboard, mainly light - weight Testliner and Fluting. The 300 Mio. Euro investment will create 500 new jobs and is planned to be finalized in 2020.
“Turkey is an important market for us and this investment shows our strong commitment to this fast growing region. If all relevant factors, such as governmental permissions and political stability, show a
green light we are happy to proceed with the next project steps.” said Cord Prinzhorn, CEO of Prinzhorn Group.
“We are excited to have found such an excellent location for this project. This additional paper mill will help us to secure our high quality paper supply to our customers,” added Harald Ganster, MD of
Hamburger Containerboard Division.
Hamburger Turkey Ltd. is part of the Hamburger Containerboard Division with a total of seven paper mills in four countries and 2 Mio tonnes of produced container board per year. The two existing paper
mills in Turkey are based in Corlu and Denizli.

2017-09-14 
Lecta Presents Its New HM300 Adhesive for High-Speed Air-Blow Labelling

​Lecta brings out a new Adestor hot-melt adhesive for packaging applications.​​​

Adestor HM300 is a permanent hot-melt adhesive with a very high tack especially formulated for high-speed air-blow labelling. It performs well at low temperatures and can be used at room temperature of -5ºC. Its immediate strong adhesion makes it ideal for rough and curved surfaces.

The new HM300 adhesive is available in a range of different paper and film face stock.

All Adestor products are manufactured under ISO 14001 and EMAS environmental standards and ISO 50001 energy efficiency, ISO 9001 quality and OHSAS 18001 occupational health and safety standards. They are also available with PEFC™ and FSC® Chain-of-Custody forest certification upon request.

2017-09-13 
Negotiations at Stora Enso’s Kvarnsveden paper mill concluded

Stora Enso announced in February plans to permanently close down one paper machine 8 (PM8) and related reorganisation at the Kvarnsveden Mill in Sweden that could affect a maximum of 140 people at the mill. PM8 was permanently shut down in June, and the negotiations between central parties have now been concluded.

The impact of the reorganisation and PM8 closure was mitigated through individual solutions, such as early retirement. Altogether the number of people affected will be 122.

Stora Enso is convinced that through the measures taken, it is possible to improve the competitiveness of the Kvarnsveden Mill going forward.

Production at Kvarnsveden Mill will continue on two lines, PM10 for improved newsprint paper and PM12 for SC papers.

2017-09-13 

Process and conveyor belt specialists Ammeraal Beltech will be showing their extensive range of application-specific solutions on Stand 20 at the FEFCO Technical Seminar in Vienna, Austria, 11-13 October 2017. With corrugated board currently enjoying increased popularity in the global packaging market, this leading technical platform for the industry is an appropriate arena for Ammeraal Beltech’s comprehensive range of belts, which are today employed in all the major corrugated packaging plants around the world.

2017-09-13 
BASF expands paper coating portfolio for the Nordic market at its site in Hamina, Finland

Low odor binder for the board and packaging market in Northern Europe
BASF’s new low odor binder for paper coatings, which is based on styrene butadiene, is specially designed for odor sensitive applications in the board and packaging market in the Nordic region. Although applicable for all printing applications, the new product is particularly suitable for food contact and liquid packaging board. The low odor XSB binder is characterized by its minimal content of volatile organic compounds (VOCs). It complies with all relevant eco label and food contact requirements.
“The enhancement of our product line is a clear demonstration of our commitment to the paper and board industry. Our new binder enables best runnability in typical customer applications and with all common recipe formulations,” says Prof. Dr. Thomas Schiele, Vice President Paper Coating Chemicals Europe. “It expands BASF’s paper coating chemicals product portfolio and meets customers’ requirements as well as increasingly stringent regulatory conditions.”

2017-09-12 
BillerudKorsnäs launches unique consumer panel: Megacity citizens positive towards packaging as sustainability problem-solver

Megacity residents globally have a positive attitude towards packaging as a potential sustainability problem-solver, and Packaging Sustainability is well understood and valued. However expectations on cities management of recycling, littering, waste and support for sustainable behavior and education differ. This is evident from the new BillerudKorsnäs consumer panel on Packaging Sustainability.

Packaging is a hot topic nowadays, discussed much more frequent on top level at brand owners, by politicians and NGO’s and most of all by consumers. To understand the power of consumers, we have initiated our own consumer panel in 16 megacities* of the world to gather insights about their own view on packaging’s role in society, how packaging can enable better solutions from an environmental point of view as well as the different megacities capability to support consumers in acting sustainable with packaging.

2017-09-12 
Change in Kemira Oyj's Management Board

Dr. Heidi Fagerholm, Chief Technology Officer and member of the Management Board will leave Kemira to take up the position of Head of Advanced Technologies of PM-Performance Materials division of Merck KGaA, Heidi will be based in Darmstadt, Germany.

Fagerholm will continue in her current position and as a member of Kemira’s Management Board latest until the end of October, 2017. Kemira has started the process of finding a successor to lead its global R&D and Technology function, including more than 250 scientists and professionals in three global R&D centres in Espoo, Finland, Atlanta, USA and Shanghai, China.

"I want to thank Heidi for continuously bringing new innovations and new sustainable technologies to our valued customers. Kemira has more than quadrupled its innovation sales during Heidi’s tenure. I wish her best of success with her new challenges", said Jari Rosendal, Kemira’s President and CEO.

2017-09-11 
BillerudKorsnäs production unit in Karlsborg expected to be back to full production during next week

During the night between September 5th and 6th, there was a fire in one of the buildings at BillerudKorsnäs’ production unit in Karlsborg and the production has been stopped since then. After analysing the impact of the fire, BillerudKorsnäs now expects Karlsborg to be back to full production during the week starting with Monday September 18th.

"The most important thing is that no person has been injured in the fire. We have now assessed the impact of the fire and the work with making the unit ready for start of production is ongoing at high intensity. We expect full production to be reached during next week, i.e. the week starting with Monday September 18th. As it is a complex start-up after this type of event, there is some uncertainty about the exact timing", says Per Lindberg, President and CEO of BillerudKorsnäs.

The fire started as a result of a malfunctioning security valve leaking oxygen leading to ignition.

The production unit in Karlsborg manufactures sack and kraft paper as well as market pulp for the Packaging Paper business area and has a production capacity of approximately 300,000 tonnes per year.

2017-09-11 
Paper Excellence to buy Brazil's Eldorado from J&F for $4.7 billion

From Reuters - Brazilian holding company J&F Investimentos SA on Saturday accepted a proposal from Netherlands-based Paper Excellence to buy pulpmaker Eldorado Brasil Celulose SA for 15 billion reais ($4.7 billion), including debt.

The companies said in a statement that the transaction would take 12 months to complete, and Paper Excellence, controlled by the owners of Indonesia’s Asia Pulp & Paper Co Ltd, would fully assume Eldorado’s debt of almost 8 billion reais.


2017-09-08 
International Paper Completes the Sale of Its Foodservice Business in China

International Paper today announced that it has completed the sale of its foodservice business in China to Huhtamaki Group. The divested business has two plants and a workforce of approximately 200 employees.

2017-09-07 
Valmet included in the Dow Jones Sustainability Index for the fourth consecutive year

Valmet has been included in the Dow Jones Sustainability Index (DJSI) for the fourth consecutive year and thus maintains its position among the world’s sustainability leaders. Valmet was listed both in the Dow Jones Sustainability World and Europe indices.

The annual evaluation conducted by a Swiss investment specialist RobecoSAM comprehensively reviews the companies performance with regard to social, environmental and financial factors. This year in total 320 companies are included in the DJSI World for 2017-2018.

"Being listed in the Dow Jones Sustainability World and Europe Indices for the fourth time in a row is a recognition of Valmet’s strong focus and consistent progress in sustainability. This is also an acknowledgement to our 12,000 employees globally, because through their work we are continuously improving our sustainability performance. Sustainability is at the core of our business, and we will continue our systematic work with our sustainability agenda," says Pasi Laine, President and CEO of Valmet.

Valmet defined its sustainability agenda named Sustainability360º initially in early 2014. The agenda focuses on five core areas : sustainable supply chain ; health, safety and environment ; people and performance ; sustainable solutions, and corporate citizenship.

2017-09-07 
BillerudKorsnäs among the most sustainable companies in the world

As the only European company, BillerudKorsnäs last year was named sustainability leader in the category Containers & Packaging, and included in the globally recognized Dow Jones Sustainability Index. In this year’s assessment, BillerudKorsnäs advances from belonging to the top 20 percent in Europe, to the 10 percent most sustainable companies in the world.

Dow Jones Sustainability Europe Index covers the leading 20 percent of the largest European companies in terms of sustainability. Dow Jones World Index includes equivalent leading 10 percent of the companies worldwide. The fact that BillerudKorsnäs now is included in the World Index and once again named sustainability leader in it’s category is particular due to its performance within risk and crisis management, climate strategy and labor practice indicators.

"Being included among the most sustainable companies in the world is a great honour to us. Contributing to sustainable development is and will continue to be the starting point for our long-term strategy of profitable growth. Sustainability is therefore an integral part of everything we do. In a broader context, that means to always strive to take sustainability work a little further, to challenge conventional packaging solutions and working methods, and thereby positively contribute to a globally sustainable future", says Per Lindberg, President and CEO of BillerudKorsnäs.

BillerudKorsnäs sustainability work focuses on three areas : increasing customer value, responsibility throughout the value chain and contributing to a sustainable and bio-based society. In practice, that means to strengthen the customers sustainability work and competitiveness by developing smart packaging solutions based on renewable materials ; to speed up the transition towards a sustainable and bio-based society by combating climate change throughout the entire value chain locally and globally ; as well as to promote responsibility from raw material supply and production to recycling and provide engaging workplaces where safety, diversity and human rights are a priority.

2017-09-07 
Composition of Metso's Nomination Board

Metso’s four largest registered shareholders as of September 7, 2017, have nominated the following members to the Shareholders’ Nomination Board :

- Eija Ailasmaa, Member of the Board, Solidium Oy

- Niko Pakalén, Partner, Cevian Capital AG ;

- Risto Murto, President and CEO, Varma Mutual Pension Insurance Company ; and

- Mikko Mursula, Chief Investment Officer, Ilmarinen Mutual Pension Insurance Company.

Mikael Lilius, Chairman of Metso’s Board of Directors, will serve as the Nomination Board’s expert member.

The Nomination Board is responsible for preparing proposals covering the composition of the Board of Directors and remuneration of the Board members to the next Annual General Meeting.

2017-09-07 
UPM listed as the industry leader in the global Dow Jones Sustainability Index

UPM has been listed as the forest and paper industry leader in the in the Dow Jones European and World Sustainability Indices (DJSI) for 2017-2018 for the fifth time.

"Responsibility is one of the key elements of UPM’s Biofore strategy. Compliance, integrity and sustainability are strongly guiding everything we do," says Pirkko Harrela, Executive Vice President, UPM Stakeholder Relations.

"We promote responsible practices throughout the value chain and are active in finding sustainable solutions in co-operation with our customers, suppliers and partners. Creating value for society both as a company and through our products is essential for us," Harrela continues.

The annual Corporate Sustainability Assessment is conducted by an investment specialist RobecoSAM, and is based on a rigorous analysis of economic, environmental and social performance of the world’s leading companies, assessing issues covering climate change strategies, supply chain standards, labour practices, corporate governance and risk management. The DJSI follows a best-in-class approach, recognising companies across all industries that outperform their peers in sustainability metrics.

2017-09-07 
ANDRITZ: Tissue machine with 20-foot steel Yankee started up successfully at Guizhou Chitianhua, China

ANDRITZ has successfully started up the TM5 tissue machine delivered to Guizhou Chitianhua Paper Industry Co., Ltd. at its location in Chishui, Guizhou Province. The new PrimeLineST tissue machine, with a design speed of 2,000 m/min and a paper width of 5.6 meters, will produce high-quality facial wipes, toilet paper, and paper tissues based on bamboo furnish.

The machine is currently unique on the Asian market because it combines a high-performance Yankee with a steam-heated hood. The Yankee is made entirely of steel, has a diameter of 20 feet, and hence is among the largest in the world. It enables a high drying capacity and achieves remarkable cost savings compared to systems operated with gas because it uses steam.

The Yankee was manufactured at the ANDRITZ plant in Foshan, China, which offers customers state-of-the-art manufacturing there, local field service, and quality management.

2017-09-07 
Composition of Valmet's Nomination Board

According to Valmet Oyj’s Annual General Meeting’s decision, Valmet’s Nomination Board consists of the representatives of Valmet’s four largest shareholders as of September 1 and the Chairman of the Board of Directors as an expert member. Should a shareholder not wish to exercise his/her nomination right, the right shall be transferred to the next largest shareholder who otherwise would not be entitled to nominate a member.

Based on the shareholders register in Euroclear on September 1, 2017, Valmet Oyj’s largest shareholders represented in the Nomination Board are Solidium Oy, Elo Mutual Pension Insurance Company, Varma Mutual Pension Insurance Company and Ilmarinen Mutual Pension Insurance Company. The following persons have been nominated as their representatives to Valmet’s Nomination Board :

- - Antti Mäkinen, Managing Director, Solidium Oy (11.14% of share capital and votes)

- Satu Huber, CEO, Elo Mutual Pension Insurance Company (2.81% of share capital and votes)

- Risto Murto, President and CEO, Varma Mutual Pension Insurance Company (2.78% of share capital and votes)

- Timo Ritakallio, President and CEO, Ilmarinen Mutual Pension Insurance Company (2.07% of share capital and votes)

Bo Risberg, Chairman of Valmet’s Board of Directors, will serve as the Nomination Board’s expert member. The Nomination Board is to prepare proposals on the composition and members of the Board of Directors, and their remuneration for the next Annual General Meeting, which is planned to be held on March 21, 2018.

2017-09-06 
Fire in BillerudKorsnäs production unit in Karlsborg extinguished - production shutdown while property damage is being investigated

As reported in the media, during the night between September 5 and 6th, there was a fire in one of the buildings at BillerudKorsnäs’ production unit in Karlsborg. The fire started late in the evening on September 5th in and was isolated to one building. . The fire has been extinguished. The cause of the fire has not yet been determined. The production in Karlsborg has been stopped while the damage is being investigated.

"We can confirm that we have had a fire in Karlsborg during the night. The most important thing is that no person has been injured in the fire. Production has been stopped. We will know how long the production will be stopped when the extent of the damage has been determined. We have begun an investigation and will return with additional information when we know more about the consequences and when production can be restarted, "says Per Lindberg, President and CEO BillerudKorsnäs.

The production unit in Karlsborg manufactures sack and kraft paper as well as market pulp for the Packaging Paper business area and has a production capacity of approximately 300,000 tonnes per year.

2017-09-06 

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