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Ahlstrom-Munksjö Oyj’s new dividend policy and proposal regarding return of equity

The Board of Directors of Ahlstrom-Munksjö Oyj has today resolved on a new dividend policy. According to the new dividend policy, Ahlstrom-Munksjö aims to distribute a stable, over time increasing dividend, to be paid biannually.

Further, to facilitate the transition to biannual distribution of funds, the Board of Directors will propose to the Annual General Meeting to be held on May 16, 2017 that it resolves on the payment of funds from the reserve for invested unrestricted equity as return of equity in the amount of EUR 0.23 per share, which would be paid in September 2017. The notice to convene the Annual General Meeting, which contains said proposal on the payment of funds, will be published separately by the Board of Directors.

2017-04-07  READ MORE...
Asia Pulp & Paper Group’s (APP) Statement on FSC’s Conditional Approval of the Roadmap to End Disassociation

Asia Pulp & Paper Group (APP) welcomes the Forest Stewardship Council’s (FSC) announcement on the conditional approval of the Roadmap to end disassociation with APP. The FSC Board of Directors had given their conditional approval for the Roadmap at their 74th meeting in Jogjakarta, Indonesia, last February 2017.

“We are pleased to receive the conditional approval for the Roadmap to end our disassociation with FSC. APP looks forward to working with FSC and other stakeholders to develop the performance indicators and verification plans for the implementation of the Roadmap. Once these have been finalized, we intend to implement the Roadmap as set out in all of its five tracks.

2017-04-07  READ MORE...
Valmet to supply an Advantage ThruAir tissue production line to Irving Consumer Products

Valmet will supply a new Advantage ThruAir (TAD) machine for Irving Consumer Products. The new machine increases Irving’s capacity for ultra-premium household paper products. The machine will be delivered in 2018, and will support Irving’s ambition to provide ultra-premium products to the North American market.

The order was included in Valmet’s first quarter of 2017 orders received. The value of the order will not be disclosed.

Valmet and Irving share a long history of partnership and this will be their fifth project together. Valmet has previously delivered ThruAir machines to Irving in Fort Edward, New York, and Toronto, Ontario, as well as major rebuilds of TM1 and TM2 tissue machines in Saint John, New Brunswick.

"The new TAD machine will help Irving Consumer Products continue to grow and deliver ultra-premium quality tissue paper products to our customers," said Robert K. Irving, President of Irving Consumer Products.

2017-04-07  READ MORE...
Fibria moves forward to September the completion and startup of its new mill in Três Lagoas

Fibria, a Brazilian forestry company and the world’s leading eucalyptus pulp producer, announces that it is moving forward the expected date for the completion and startup of the Horizonte 2 Project to build a second pulp production line at its unit in Três Lagoas, Mato Grosso do Sul. Previously scheduled for the fourth quarter of 2017, the mill is now slated to start operations in the third quarter of the year, in September.

“Since we first announced the expansion project, in 2015, we have invested all our efforts into finishing Horizonte 2, always supported by a solid financial structure. Over these last two years, we have revised upwards the new line’s production capacity and now we are moving forward its conclusion, which attests to the dedicated effort made by the entire team to capture productivity gains, cut costs and always deliver their best. With the accelerated commissioning of the new line at Três Lagoas, we embark on a new phase of reaping the fruits of what we have sown,” said Marcelo Castelli, Fibria CEO.

2017-04-07  READ MORE...
PMP to supply Intelli-Jet v® to Sappi North America’s PM12 in Minnesota, USA

In December 2016, PMP (Paper Machinery Producer) signed a contract with Sappi North America for delivery of an Intelli-Jet V® hydraulic headbox for their paper machine 12 (PM12), located in Cloquet, Minnesota, USA.

The project goal is to improve headbox functionality and to improve product quality and production. Sappi chose PMP’s Intelli-Jet V® hydraulic headbox due to its high performance and impressive references. The project’s driving force is based on machine maintenance and quality, achieved through the application of state-of-the-art technology.

2017-04-07  READ MORE...
WEPA Group puts new paper machine into operation in Poland

 
WEPA Group puts new paper machine into operation in Poland

Start -up of the paper machine in Piechowice /Poland goes ahead as planned in Q1 2017

WEPA Group reaches a product ion capacity of 750,000 tonnes per year

Martin Krengel, CEO of the WEPA Group, says, "Our willingness to invest in state of the art technology is part of our future-oriented corporate strategy.”

2017-04-06  READ MORE...
Gascogne : 2016 annual results and favourable outcome of CRE5 call for tenders

2016 featured the Group’s continuing turnaround. The investments made in 2014 and 2015 and the savings, downsizing and restructuring plans are starting to bear their fruit. This allowed a significant improvement in profitability in 2016 (the EBITDA doubled in two years) and consolidation of the financial structure.

2017-04-06  READ MORE...
GLATFELTER TO COMPLETE UPGRADE OF PRODUCTION CAPABILITIES AT ITS OBER-SCHMITTEN, GERMANY FACILITY

Glatfelter announced today that in 2017 it will complete a three-year targeted investment program at its Ober-Schmitten facility that upgrades production capabilities to continue to meet highest market requirements for the electrical and glassine paper markets.

Glatfelter Ober-Schmitten is located near Frankfurt am Main, Germany. Its production competencies include sophisticated technical papers for a wide range of electrical applications including capacitors used in consumer and industrial products ; insulation papers for cables and transformers ; materials for industrial power inverters ; electromagnetic current filters ; and electric rail traction.

2017-04-06  READ MORE...
Pulper rebuild in Papeterie Zuber Rieder in France

“We are extremely happy with the outcome”

GL&V Sweden AB modernized in France the pulper on Papeterie Zuber Rieder’s pulp line, which was originally supplied by Black Clawson.

“The success of the project was based on the smooth cooperation between GL&V’s experts and Zuber Rieder’s project personnel. Our earlier experiences with GL&V also served as a foundation for the success of the project. We are extremely happy with the outcome,” states Guillaume Couval, who is responsible for the mill’s maintenance and projects.

Papeterie Zuber Rieder’s image on the paperboard markets is a flexible, independent French company open to the world. “The combination of our values, expertise and industrial equipment makes us stand out from larger companies and gives us a distinctive profile,” reads its website.

2017-04-06  READ MORE...
Valmet's investor website awarded the best in Finland

Valmet’s investor website won the ’Best investor website’ contest, arranged by the Finnish Foundation for Share Promotion and the Finnish Society of Financial Analysts, in the category of Large Cap companies. In the contest, the Finnish websites of all the companies listed in Nasdaq Helsinki were evaluated. Valmet was ranked the best in the Large Cap category for the second time.

2017-04-06  READ MORE...
Peter Löscher Reelected as Chairman of Sulzer's Board of Directors

At today’s Annual General Meeting of Sulzer Ltd, shareholders approved all proposals of the Board of Directors. Sulzer will pay an ordinary dividend of CHF 3.50 per share to the shareholders. Peter Löscher was reelected as Chairman of the Board of Directors. All other board members were also reelected for a one-year term.

2017-04-06  READ MORE...
Winkler+Dünnebier GmbH (W+D) acquires envelope printing equipment manufacturer Halm Industries

Winkler+Dünnebier GmbH (W+D), a Barry-Wehmiller company, is strengthening its position as a long-term technology and service-solutions partner for the envelope and printed mail market with the acquisition of Halm Industries, a leading manufacturer of offset and digital printing presses. Halm has locations in Glen Head, New York, and Warmond, Netherlands.

2017-04-06  READ MORE...
Sulzer makes key appointment with new UK Sales Director

Global independent service provider, Sulzer, has appointed Steven Chesney as its new Sales Director for the UK market. Steven will be developing new business for the company’s UK electromechanical service centers, driving Sulzer’s continued growth at a time when demand is strong for quality servicing of large rotating machines.

Steven brings considerable experience of the engineering sector to the role and his main objective will be to implement structures and processes that will manage the continued, sustainable growth of the business.

2017-04-06  READ MORE...
Italian producer Ariete S.r.l. – Futura Line S.p.a. Group – chooses Toscotec for the installation of a new tissue machine.

Ariete S.r.l., Italian company producing high quality tissue paper, has ordered a new MODULO-PLUS machine from Toscotec for its paper mill in Cava dei Tirreni (Salerno), Italy.
The new tissue machine replaces the exiting one and startup is scheduled for July 2017.
All the dismantling and assembly operations will be performed and synchronized in order to minimize the mill’s downtime. The scope of the supply includes a MODULO-PLUS in Crescent Former configuration with single-layer headbox.
Approach flow, electrical and control systems together with dismantling of the existing machine and installation of the new one, supervision and assistance for startup will all be performed by Toscotec.

2017-04-06  READ MORE...
EUROPAC purchases an integrated packaging plant in Lucena

The Europac Group (Papeles y Cartones de Europa S.A.) has purchased two companies that collectively own a comprehensive packaging plant in the town of Lucena, in Cordoba. The operation cost 9.8 million euros, company value, representing a post merger value of 5.5 times EBITDA for Europac.

· ​In 2016, the plant produced 16 million m2 of cardboard, turned over 7.6 million euros and generated an EBITDA of 1.2 million euros, representing a margin of 15.8%.

· The operation cost 9.8 million euros, company value, representing a post merger value of 5.5 times EBITDA for Europac

· Europac will gradually implement a ten-million euro investment plan to expand its facilities, increase production, purchase new assets and optimise current assets.

· With this purchase, Europac now has a presence in Andalusia, which is an attractive market with strategic sectors, such as agriculture and food

2017-04-06  READ MORE...
Smurfit Kappa appoints Saverio Mayer as CEO Europe

Smurfit Kappa Group plc (‘SKG’ or the ‘Group’), one of the world’s largest manufacturers of paper-based packaging products, with operations in Europe and the Americas, announces the appointment of Saverio Mayer, COO of Corrugated and Converting Europe, as CEO Europe. He succeeds Roberto Villaquiran who steps down from this position to pursue another opportunity.

Tony Smurfit, Group CEO, commented :

“We are delighted to announce the appointment of Saverio Mayer as CEO Europe. Saverio Mayer has been with the Group for over 30 years and was most recently the COO of our European Corrugated and Converting operations. Saverio has played a key role in the growth and development of our European business and will bring great energy and experience to the role.

“Roberto leaves Smurfit Kappa to pursue another opportunity outside of the paper-based packaging sector. He has helped the Group build and sustain its leading position in Europe and we thank him for his significant contribution to the Group in his various leadership roles. We wish him well for the future.”

2017-04-06  READ MORE...
MACDUE will exhibit at Tissue World Milan

MACDUE will exhibit at Tissue World Milan, the leading global event serving the tissue industry, bringing together operators and representatives of the sector from all over the world.
The Tissue World event has long been an important platform for meetings where visitors can find leading international companies like MACDUE, specialized for over 35 years in the design of complete turnkey and integrated solutions for the packaging of tissue products.

2017-04-06  READ MORE...
Pro Carton Study: The Importance of Sustainability in Packaging

A new independent study from Smithers Pira, commissioned by Pro Carton, amongst major brand owners and retailers in 5 key European markets has shown resounding evidence of the importance of sustainability in packaging. Folding cartons were perceived as the most sustainable packaging but there is still some confusion about the whole issue of the circular economy and what makes packaging sustainable.

“It is interesting to see how the environmental benefits of cartonboard packaging have been perceived by our target audiences and I am delighted to note that our strengths of renewability and recyclability are now well appreciated”, says Tony Hitchin, General Manager of Pro Carton.

The study was conducted across five European markets : Germany, United Kingdom, France, Italy and Spain. Research was aimed at investigating views and attitudes amongst major European brand owners and retailers on sustainability in packaging and its importance to the retail business. The main fieldwork for this project consisted of a series of 100 in-depth telephone interviews with leading decision makers.

2017-04-06  READ MORE...
SCA to become two listed companies: the forest products company SCA and the hygiene and health company Essity

Today, at the Annual General Meeting of SCA, the company’s shareholders voted in favor of the Board of Director’s proposal to split the Group into two listed companies. One of these will continue to operate as SCA, an efficient and well-invested forest products company that will include the forest products operations and all forest land currently owned by the Group. SCA’s hygiene business, including the current business areas of Personal Care (including the recently acquired BSN medical) and Tissue will become a leading global hygiene and health company operating under the name Essity. 

The split of the company will be carried out at a suitable time following completion of the listing process, but no later than in the second half of 2017. In addition to their existing shareholding, SCA’s shareholders will also receive shares in the newly listed hygiene and health company Essity in connection with the listing.

2017-04-05  READ MORE...
SCA’s Annual General Meeting 2017

Today’s Annual General Meeting of SCA was held at Stockholm Waterfront Congress Center in Stockholm, Sweden.

The Meeting approved the income statement and balance sheet for the Parent Company and the consolidated income statement and consolidated balance sheet for 2016.

The Annual General Meeting decided on a dividend of SEK 6.00 (5.75) per share for the 2016 fiscal year. The record date for the dividend is Friday, April 7, 2017. Payment through Euroclear Sweden AB is planned for Wednesday, April 12, 2017.

Furthermore, the Annual General Meeting decided that all shares in the wholly-owned subsidiary SCA Hygiene AB are to be distributed, whereby one Class A share in Svenska Cellulosa Aktiebolaget SCA entitles to one Class A share in SCA Hygiene AB, and one Class B share in Svenska Cellulosa Aktiebolaget SCA entitles to one Class B share in SCA Hygiene AB. The Board of Directors was granted to set the record date for the distribution of all shares in SCA Hygiene AB.

2017-04-05  READ MORE...
BillerudKorsnäs and HP enter into strategic collaboration for digital printing

BillerudKorsnäs has entered into a licensing relationship with HP Inc. to develop a white coated kraftliner for high-speed water based inkjet, optimized for the HP PageWide web presses.

Previously there has been a need for primers in order to get the desired print quality when using high-speed water based inkjet technology on coated liners. The aim of this new strategic collaboration between BillerudKorsnäs and HP is to develop a coated liner based on HP’s ColorPRO Technology, enabling water based high-speed inkjet printing directly on the coated liner without the need for any pretreatment. This will open up opportunities for more cost-efficient packaging solutions.

2017-04-05  READ MORE...
AGRO International packs with Mondi’s Guinness World Record-paper

Mondi, the international packaging and paper Group, and the German innersprings manufacturer AGRO International have been business partners in the mattress spring packaging segment for more than 25 years Back then, AGRO International faced the challenge of packing its mattress innersprings economically and in a way that would make handling and logistics easier “Before the industry has been revolutionised by roll-packing, the innersprings were packed one-by-one and loosely transported to the customer This consumed a lot of resources, time and space The industry was looking for new ways to resolve this problem – which was the roll-packing,” recalls Uwe Schmidt, Managing Director AGRO International

2017-04-05  READ MORE...
Vesa Erolainen appointed as Metso's Chief Information Officer

Vesa Erolainen (BSc Eng, MBA) has been appointed Metso’s Chief Information Officer (CIO), reporting to CFO Eeva Sipilä. He has a long and successful career within information technology, latest serving as the CIO of Pöyry and before that in CIO and other IT Leadership positions in Myllykoski and UPM. Metso’s previous CIO Pirkka Penttinen is leaving Metso on his own initiative.

2017-04-05  READ MORE...
Cenários Ibá: exports continue to grow in the planted tree sector

The export volume from the Brazilian planted tree industry registered a positive performance during the first quarter of 2017. Pulp exports totaled 2.3 million tons in January and February of 2017, up 3.4% over the same period of 2016 when 2.2 million tons were traded. For the wood panels segment, the volume exported in the first two months of the year totaled 174,000 m³, a growth of 40.3% over this period last year, when 124,000 m³ were exported. In this same period, paper exports reached 335,000 tons, a 6% increase over the 316,000 tons exported in 2016.

2017-04-04  READ MORE...

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