Birkner's Paperworld
  • Company database
  • Advanced Search
  • Professional Search
  • Terms of Use
  • Maps
  • Registration
  • Free entry
  • Advertising entry
  • Journal
  • EADP Award
  • Exhibitions, Conferences
  • Zellcheming
  • SPCI
  • 100 years of Birkner
  • Diagrams, Tables
  • News
  • Advertising
  • Print
  • Advertising sample
  • PaperSite
  • Combinations
  • Banner Advertising
  • Homepage
  • Publishing house products
  • Order
  • Forum
  • Link selection
  • Associations
  • Companies
  • Trade fairs
  • Publishing house
  • Imprint
  • Contact
  • Contact person
  • Location Map
  • Buyers' Guide of Producers' and Converters' Products Buyers' Guide of Merchants Buyers' Guide of Suppliers' Products
    Quick search
    What?
    Where?
     
    RSS-News News RSS-News from paper-world.com - Add to Google! Page:    <<   1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29   >> 
     
     
    08.08.2013   Kimberly-Clark names Voith Paper '2012 Supplier of the Year'    ( Company news )

    Kimberly-Clark Corporation (KC), a global leader in personal and health care products, has named Voith Paper’s fabrics and roll systems unit ‘2012 Supplier of the Year’.
    Voith Paper’s ongoing advancements in fabric technology was the key factor in KC’s selection of Voith for the award. Voith also supports KC with a Total Roll Management program and tissue cylinder service that has helped the tissue maker stay out in front in a very competitive marketplace.
    “Voith Paper is part of a very elite group by being selected as one of Kimberly-Clark’s top seven suppliers around the globe,” said Cynthia Dautrich, global procurement officer for Kimberly-Clark. “Voith serves as an exemplary model of what Kimberly-Clark values in supplier performance and is helping provide a framework to develop and implement best practices.”
    A Global Supplier Criterion was followed to identify, evaluate and select the top vendors from its 75,000 global vendors that demonstrates above and beyond compliance of reliable on time delivery, quality performance, sustainability and innovation, among other factors.
    “We’re honored to receive this award from Kimberly-Clark, one of our highly valued customers,” said John Fox, Senior Vice President at Voith Paper. “It’s gratifying to be recognized and to know that our products and services truly help advance our customers’ position in the market.”
    (Voith Paper Fabric & Roll Systems Inc.)
     
    08.08.2013   Flexibility and Efficiency Lead to Success     ( Company news )

    Company news Nash supplies a vacuum system for the new paper machine at Zellstoff Pöls

    Picture: NASH 2BE4 with V-belt drive

    Zellstoff Pöls is the largest manufacturer of high quality, chlorine-free bleached long-fibre sulphate pulp in Central and South-Eastern Europe. The company has expanded its paper production capacity with the construction of Paper Machine No. 2 (PM2) at its mill in Pöls, Austria. The new machine is capable of manufacturing paper with basis weights (grammage) of 28 to 120 g/m2 (up to 32 lb), with a maximum production speed of 1,000 m/min (3,281 ft/min) and planned production of 80,000 tons per year.
    PM2 was a turnkey project, with the vacuum system and implemented technology specified by the paper machine manufacturer. After lengthy negotiations with several vendors, the end-user selected Andritz as the supplier for the paper machine.
    Nash was in continuous contact with Andritz during the tender phase. Despite convincing arguments from the vacuum system competitors about product flexibility and energy efficiency, Andritz and Zellstoff Pöls, in the end, chose Nash as the superior vacuum supplier for their new paper machine.

    Flexibility for the vacuum
    Many paper machines produce only a single paper weight (e.g. 80 g/m2, similar to copy paper) or weights within a very tight range. In such cases, only minor modifications to vacuum requirements are needed as production conditions, and thus the vacuum levels themselves, are kept relatively constant.
    In contrast, the Zellstoff Pöls PM2 focuses on "MG" or "multigrade" papers, and incorporates the production of paper basis weights between 28 and 120 g/m2. This wide product spectrum places high demands on the flexibility of the vacuum system.

    Efficient use of energy
    The Andritz specification was clear; focus on energy efficiency. Efficient operation of both the paper machine and the vacuum system result in lower energy consumption and lower operating costs. Optimal dewatering of the paper in the Forming and Press sections (where Nash vacuum pumps are used) reduces energy (steam) consumption in the Dryer section.
    For Gardner Denver Nash, the project represented an ideal opportunity to prove its high level of expertise in vacuum systems for paper machines. The major challenge was to adapt the vacuum at the various suction points for each specified paper weight and the required drying needed. This was accomplished through the use of frequency converters that allowed for "fine adjustment" of the speed and the vacuum level to meet the specific requirements of the paper grade produced. Andritz provided the list of vacuum requirements, but the specification of suitable pumps, determination of the number of pumps and their assignment to the various suction points were the responsibility of the Nash team in Nuremberg.
    The Zellstoff Pöls PM2 project showed the importance of having expertise in the paper industry, as exemplified by Nash. The project award would not have been possible without optimal contact with the customer as well as convincing arguments in support of the flexible and efficient use of liquid ring vacuum pumps.
    (Nash - Zweigniederlassung der Gardner Denver Deutschland GmbH)
     
    08.08.2013   Klabin's unprecedented certification in the Brazilian pulp and paper sector helps to ...    ( Company news )

    Company news ... emphasize safety in packaging

    Picture: Monte Alegre plant

    Recommendation for FSSC 22000 certification testifies to its capacity to serve the food industry and enables it to expand activities in other markets.
    Klabin is the first company from the pulp and paper sector in Brazil to be granted FSSC 22000 (Food Safety System Certification 22000) certification, one of the most advanced norms used to ensure the origin of packaging paper for food.
    This new certification should help to increase the company’s market niches. According to Flavio Deganutti, Quality Manager of the Monte Alegre Plant, FSSC 22000 qualifies Klabin to expand its activities in packaging markets which need protection from contamination. “This certification should benefit Klabin in other equally demanding sectors. Anyone who guarantees safety in packaging used for products which reach consumers’ tables can also offer top quality to manufacturers of sensitive items”, he states.
    As the biggest manufacturer and exporter of packaging paper in Brazil, Klabin has had NBR ISO 22000 (Food Safety Management System) since 2007, a certification which establishes requirements to identify and eliminate any physical, chemical or biological hazard capable of jeopardizing the safety of food packaged with paper manufactured by the company. FSSC 22000 was created based on ISO 22000, complementing it by clearly specifying the prerequisites needed to produce packages which ensure safety for the health of the end consumer.
    The prerequisites of this new certification ensure the cleanliness and organization of the manufacturing area; the quality control of the water and air which come into contact with the product; control of pests and vectors in the manufacturing environment; and the control of access to the Plants. On adhering to FSSC 22000, the company concomitantly emphasizes the need for its suppliers to meet these same prerequisites.
    According to Deganutti, the plant acted quickly to meet the requirements of certification and will continue to make the necessary improvements to guarantee the safety of the packaging produced. He explains that, for approximately six months, the company prepared its employees and installations for certification, which was carried out by Bureau Veritas. This speedy adaptation is a reflection of Klabin’s ongoing investments in good practices in standardizing its industrial processes.
    (IKPC Indústrias Klabin de Papel e Celulose S.A.)
     
    08.08.2013   Brenntag increases adjusted EBITDA in the second quarter and gives outlook for ...    ( Company news )

    Company news ... year as a whole

    Gross profit* rises to EUR 502.2 million
    Operating EBITDA increased by 2.4% to EUR 185.9 million (on a constant currency basis and after adjustment for a non-recurring effect of around EUR 17 million)
    Profit after tax of EUR 68.9 million and earnings per share of EUR 1.33
    Operating EBITDA** of between EUR 710 and 735 million expected for 2013 as a whole, not including non-recurring effects

    Brenntag (WKN A1DAHH), the global market leader in chemical distribution, achieved growth in sales and gross profit* in the second quarter of 2013 compared with the same quarter of the previous year. Operating EBITDA adjusted for a non-recurring effect also increased slightly. In view of still limited global economic development, the company continues to prove its resilience.

    On a constant currency basis, sales increased by 3.4% (2.2% as reported) and reached EUR 2,544.7 million in the second quarter of 2013. One of Brenntag’s crucial key performance indicators, gross profit*, also posted growth. Year on year, it rose to EUR 502.2 million, which equates to growth of 4.6% on a constant currency basis (3.1% as reported). Operating EBITDA**, which was aligned for an adjustment of provisions, was EUR 185.9 million and increased by 2.4% on a constant currency basis (0.8% as reported). The adjustment of provisions by approximately EUR 17 million is connected to a decision by antitrust authorities in France. Reported operating EBITDA** was EUR 169.1 million, which equates to a decline of 6.9% on a constant currency basis (8.3% as reported).

    Profit after tax amounted to EUR 68.9 million in the second quarter of 2013 (Q2 2012: EUR 81.3 million), meaning that earnings per share attributable to Brenntag’s shareholders amounted to EUR 1.33 (Q2 2012: EUR 1.57).

    The free cash flow amounted to EUR 170.5 million in the first half of 2013 after EUR 179.3 million in the same period of the previous year.

    Steven Holland, CEO of Brenntag AG: “The group continues to develop and grow in still challenging market conditions and slow macro economic development. Our business model remains resilient with its highly diversified product range, industries and geographical spread allowing us to seek out new markets and opportunities. Growth of sales and gross profit continued whilst EBITDA was somewhat effected by the non recurring adjustment for just under EUR 17 million increase in provision. We do not see the promise of any significant improvement in the macroeconomic environment but we remain positive and confident about the underlying market opportunities and resilience of our business leading to further growth of the group overall.”

    Europe develops positively despite difficult environment

    Year on year, external sales in Europe increased by 1.2% on a constant currency basis (0.6% as reported) to EUR 1,184.0 million. Operating gross profit* also performed positively and increased by 0.9% on a constant currency basis (0.2% as reported) to EUR 237.2 million. Operating EBITDA**, adjusted for the increase in provision, is slightly higher than in the same period of the previous year on a constant currency basis. In view of the overall economic situation, this is a solid performance, which means the European business is headed in the right direction. Without the adjustment for the provision, operating EBITDA** was EUR 67.5 million in the second quarter.

    North America continues to grow

    The North America region posted pleasing sales growth in the second quarter of 2013. External sales climbed to EUR 817.2 million, which equates to growth of 6.5% on a constant currency basis (4.4% as reported). This result is attributable in particular to the acquisition of the Altivia Corporation at the end of last year. Operating gross profit* also performed positively and increased by 7.9% on a constant currency basis (5.8% as reported) to EUR 198.1 million year on year. Operating EBITDA** followed this positive picture and posted an increase of 6.0% on a constant currency basis (3.9% as reported) to EUR 83.1 million.

    Latin America with good operating gross profit but growing cost base

    Operating gross profit* for the Latin America region increased as against the same period of the previous year by 4.6% on a constant currency basis (1.2% as reported) to EUR 43.4 million, while external sales posted a decline of 2.2% on a constant currency basis (5.4% as reported) and amounted to EUR 221.4 million. Operating EBITDA** decreased to EUR 13.2 million, which equates to a year-on-year decline of 6.4% on a constant currency basis (9.6% as reported). This is primarily attributable to an increase of the cost base, which is being addressed by the company.

    Strong growth again in Asia Pacific

    In the second quarter of 2013, Brenntag Asia Pacific once again demonstrated its positive development potential. External sales increased by 9.6% on a constant currency basis (9.6% as reported) to EUR 186.9 million. Operating gross profit* rose to EUR 31.1 million, which equates to a year-on-year growth rate of 21.4% on a constant currency basis (20.5% as reported). This positive development is attributable in particular to the contribution of the acquired ISM/Salkat Group. Operating EBITDA** grew as against the same period of the previous year by 17.3% on a constant currency basis (17.3% as reported) to EUR 12.2 million.

    Brenntag expects slower growth

    In light of the uncertain macroeconomic situation and assuming that the general economic environment will not see a substantial recovery by the end of the year, the company is anticipating less dynamic development. Given these factors and the earnings performance in the first half of 2013, Brenntag expects the Group’s operating EBITDA** for 2013 as a whole – excluding the extraordinary impact of non-recurring effects, particularly the around EUR 17 million in the Europe segment described above – to amount to between EUR 710 million and EUR 735 million.

    * While Brenntag reports operating gross profit on segment level, the company reports gross profit on group level. Operating gross profit is defined as sales less costs of material for goods purchased and supplies, services purchased, packaging materials, supplier rebates and increase/decrease in finished goods. Gross profit is defined as operating gross profit less production/mixing and blending costs.

    **Brenntag’s segments are primarily controlled on the basis of operating EBITDA, which is the operating profit/loss as recorded in the consolidated income statement plus amortization of intangible assets as well as depreciation of property, plant and equipment and investment property, adjusted for the following items:

    • Transaction costs: Costs connected with restructuring under company law and refinancing, particularly the IPO in 2010 and the refinancing in 2011. They are eliminated for purposes of management reporting to permit proper presentation of the operating performance and comparability on segment level.
    • Holding charges: Certain costs charged between holding companies and operating companies. On Group level they net to zero.
    (Brenntag GmbH)
     
    07.08.2013   UPM's new business structure will sharpen operational focus and facilitate ...    ( Company news )

    Company news ... portfolio change

    Picture: UPM's President and Chief Executive Officer Jussi Pesonen

    Profit improvement target of EUR 400 million from performance improvement and focused growth initiatives

    UPM will implement a new business structure to drive clear change in profitability. The company will also seek to simplify and further develop its business portfolio.
    UPM’s new structure will consist of the following Business Areas and reporting segments: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and UPM Plywood. Forests and wood procurement will be reported in Other operations. The new structure will be valid as of 1 November 2013.
    The new Paper Business Areas will be located at the centers of their markets. UPM Paper Asia will be headquartered in Shanghai, China, and UPM Paper Europe in Augsburg, Germany. The Group Head Office will remain in Helsinki, Finland.
    “Changes in management structure will sharpen the targets and required actions for each business. We will address the competitive challenge in mature European businesses and drive profitable growth outside Europe and in biorefining. The new management structure will also increase transparency of the company performance,” says Jussi Pesonen, President and CEO of UPM.
    “We are determined to change UPM. We will also seek to simplify our business portfolio and uncover the value of our assets. These opportunities will be explored in parallel with the profitability improvement and growth initiatives and may involve changes in ownership structures.”

    The current Business Group structure, established at the end of 2008, will be discontinued.
    “Within the Business Group structure, we have created commercial platforms and market driven business organisations for Energy and Pulp. We have also achieved profitability turnaround in Timber and Plywood businesses and restructured our European label business. Now these are healthy UPM businesses each in their own right.”
    “Although the Paper Business Group has been able to improve efficiency and managed change and integration processes professionally, we now need to move into a more simple and scalable structure to improve performance further,” says Pesonen.

    Profit improvement through simplified business structure
    UPM has identified actions with an overall profit improvement impact of EUR 200 million in its existing businesses. Each business will implement a profit improvement program with simplified business model and variable and fixed cost savings. These planned actions do not include additional capacity closures at this time.
    Profit improvement includes the remaining part of the EUR 90 million savings announced in January 2013, as well as further actions resulting from the new business structure and consequent profit improvement programs.
    UPM will follow and update the progress of the program in its quarterly reporting. The full impact of the program is expected to materialise by the end of 2014 as compared with the Q2/2013 results.

    Growth initiatives for the next three years
    Pesonen highlights that since 2007 UPM’s Energy, Pulp, Label and Asian Paper businesses have grown by 43% in the topline. “These businesses have been not only growing but also profitable and enjoy positive long term fundamentals.”
    “Biofuels, woodfree specialty papers in China and continued growth in UPM Raflatac will provide top line growth for UPM in the coming years. In addition, we have identified opportunities to expand production in our existing pulp mills. With these development initiatives we are targeting additional EBITDA contribution of EUR 200 million when in full operation. “
    The total investment requirement in these projects is EUR 680 million. EUR 60 million has already been invested, and the total remaining capital expenditure in the coming three years would be EUR 620 million.
    (UPM)
     
    07.08.2013   MWV Reports Second Quarter Results    ( Company news )

    Company news Second Quarter Highlights:
    -Earnings from continuing operations of $0.37 per share (both GAAP and ex-items)
    -Solid volume growth across targeted packaging and specialty chemicals end markets
    -Cash flow from continuing operations more than doubles to $199 million
    -Achieved $16 million in overhead savings in first half; company expects savings to exceed high end of target range of $25 to $30 million by end of 2013

    Picture: John A. Luke, Jr., chairman and chief executive officer of MWV

    MeadWestvaco Corporation (NYSE: MWV), a global leader in packaging and packaging solutions, reported a modest sales increase for the second quarter of 2013, but lower earnings primarily due to the previously announced outage at the company's paperboard mill in Covington, Virginia. The company generated good revenue growth in many targeted packaging markets, especially food, beverage, healthcare and personal care, as well as in specialty chemicals. Results also benefited from the contributions of the Brazilian pine chemicals business, Resitec, and the Indian industrial packaging materials business, Ruby Macons, and from improved pricing for industrial packaging solutions in Brazil. These benefits were partially offset by lower forestland sales and unfavorable foreign currency exchange during the quarter.
    "While the isolated operating challenges weighed on our quarterly results, the profitable growth strategies we've been pursuing continues to generate strong gains in targeted packaging and specialty chemicals markets,” said John A. Luke, Jr., chairman and chief executive officer of MWV. “With the operating issues behind us, our businesses are performing well and we are confident the earnings and cash flow improvement we've been anticipating for the second half of the year is already underway."

    Quarterly Comparison
    Sales from continuing operations in the second quarter of 2013 were $1.43 billion compared to $1.42 billion in the second quarter of 2012. Income from continuing operations attributable to the company in the second quarter of 2013 was $67 million, or $0.37 per share. Income from continuing operations attributable to the company in the second quarter of 2012 was $78 million, or $0.44 per share.
    Adjusted income from continuing operations attributable to the company excluding special items was $67 million or $0.37 per share for the second quarter of 2013 compared to $82 million or $0.46 per share for the second quarter of 2012. Refer to the “Use of Non-GAAP Measures” section of this release.

    Outlook
    In the third quarter of 2013, MWV expects earnings to be above year-ago levels on a continuing operations basis. The principal drivers of the expected earnings improvement are:
    -Momentum with its profitable growth strategies to drive volume improvement across its targeted packaging and specialty chemicals markets;
    -Pricing improvement in industrial packaging solutions;
    -Productivity gains from increased operating leverage;
    -Earnings benefits from the ramp-up of the company’s new paperboard machine in Brazil; and,
    -Cost benefits from execution against the company’s overhead reduction initiative.

    Challenging global macroeconomic conditions and weaker foreign currency exchange, primarily the depreciation of Real against the U.S. Dollar, are expected to partially offset these benefits.
    (MWV MeadWestvaco World Headquarters)
     
    07.08.2013   SKG Q2 and H1 2013 Results     ( Company news )

    Company news Smurfit Kappa Group (“SKG” or the “Group”) announced results for the 3 months and 6 months ending 30 June 2013.

    Picture: Gary McGann, Smurfit Kappa Group CEO

    Highlights
    -First half European box volume growth in excess of 2% year-on-year; Americas growth of 5% excluding SK Orange County (‘SKOC’)
    -Cost take-out of €100 million re-confirmed
    -EBITDA margin progression from 12.7% in quarter one to 13.4% in quarter two
    -Capital structure successfully repositioned from leveraged to corporate
    -Interim dividend increased by 37% to 10.25 cent
    -Recycled containerboard price increase of €50 per tonne effective from 1 August

    Performance Review and Outlook
    Gary McGann, Smurfit Kappa Group CEO, commented: “Smurfit Kappa Group is pleased to report first half revenue growth of 6% and strong EBITDA of €512 million. The strong result has been achieved through improved pricing, continued cost take-out and enhanced efficiency programmes. In spite of the recessionary conditions in Europe, the Group delivered like-for-like box volume growth in Europe of over 2% year-on-year and 5% volume growth in the Americas, excluding box volumes of SKOC. 
    SKG’s ability to win new business in the current challenging operating environment is evidence of the Group’s strong value proposition for our customers. With an integrated global network of packaging designers, trademarked software tools and technical engineers, SKG is well placed to deliver a superior total offering together with real cost efficiencies throughout its customers’ supply chains. In July the Group announced the development of a unique 3D tool entitled ‘Virtual Store’ to enhance the understanding of shopper behaviour. This will translate into real benefits for retail ready packaging design.
    With the successful integration and performance of SKOC, the Group is progressing well with its strategy to expand in the higher growth markets of the Americas. Packaging volumes in the region have grown by 5% year to date and EBITDA margins are recovering to their previous relatively high levels, assisted by the absence of the significant one-off issues which affected the business in 2012. The accretive acquisition of SKOC reflects the Group’s ability to identify, acquire, and integrate complementary businesses.
    The continued focus on increased geographic diversity, together with the integrated model, is underpinning the consistency of SKG’s earnings irrespective of economic circumstances.
    In July, the Group successfully completed a new €1,375 million refinancing of its Senior Credit Facility on a lower margin unsecured basis comprising a €750 million term loan with a margin of 2.25% and a €625 million revolving credit facility with a margin of 2.00%. This transaction represents a major milestone in the evolution of the Group’s capital structure and concludes the successful re-positioning of SKG’s debt profile from leveraged to corporate, whilst reducing interest costs by approximately €13 million per annum. In addition SKG has put in place a new trade receivables securitisation programme of up to €175 million which carries a margin of 1.70%. These transactions provide the Group with greater financial flexibility, including the potential to refinance part of its more expensive bond debt at the appropriate time.
    The Group confirms it will pay an interim dividend of 10.25 cent, a year-on-year increase of 37%. This improved dividend represents the Group’s commitment to provide shareholders with certainty of value and reflects the confidence of the Board in the Group’s performance and prospects.
    Rising input costs and improving circumstances in the European paper industry including, low inventory levels, solid export markets and relatively high operating rates support higher recycled containerboard prices. The Group has therefore announced a price increase of €50 per tonne effective from 1 August. With this move towards more economically sustainable recycled paper pricing, the Group will recover the increased costs in its corrugated pricing with the usual three to six month lag. This in turn will support continued performance and growth into 2014”.
    (Smurfit Kappa Group Headquarters plc)
     
    07.08.2013   ANDRITZ: results for the second quarter and first half of 2013    ( Company news )

    Company news - Solid order intake
    - Favorable sales development
    - Earnings below last year’s reference figures

    International technology Group ANDRITZ showed solid business development in a continuing difficult overall economic environment during the second quarter/first half of 2013:
    - In the second quarter of 2013, sales of the ANDRITZ GROUP amounted to 1,446.3 MEUR, which is an increase of 15.5% compared to last year’s reference period (Q2 2012: 1,252.1 MEUR). This increase is mainly due to consolidation of the Schuler Group. In the first half of 2013, sales of the Group reached 2,610.1 MEUR, thus rising by 7.1% compared to the previous year’s reference period (H1 2012: 2,437.8 MEUR).
    - The order intake reached a solid level. In the second quarter of 2013, order intake amounted to 1,237.7 MEUR (+3.7% versus Q2 2012: 1,193.2 MEUR). In the first half of 2013, the order intake of 2,526.0 MEUR was slightly below the previous year’s reference figure (-1.1% versus H1 2012: 2,554.4 MEUR).
    - As of June 30, 2013 the order backlog, at 7,644.4 MEUR, rose by 15.6% compared to the end of last year (December 31, 2012: 6,614.8 MEUR); this increase is due to consolidation of Schuler.
    - Earnings (EBITA) of the Group amounted to 82.7 MEUR in the second quarter of 2013, thus practically unchanged compared to last year’s reference period (-0.5% versus Q2 2012: 83.1 MEUR). Profitability (EBITA margin) amounted to 5.7% (Q2 2012: 6.6%). This decline is mainly due to decreasing earnings in the PULP & PAPER business area (project mix) and the SEPARATION business area (additional costs related to launch of new product series in China). Earnings of the other business areas saw satisfactory development. In the first half of 2013, the Group’s EBITA amounted to 96.9 MEUR (-37.7% versus H1 2012: 155.6 MEUR) and the EBITA margin to 3.7% (H1 2012: 6.4%). This significant decline is mainly due to decreasing earnings in the PULP & PAPER business area (a provision was made in the first quarter of 2013 in connection with the supply of production technologies and equipment for a pulp mill in Uruguay) and in the SEPARATION business area.
    - The Group’s EBIT in the first half of 2013 amounted to 65.9 MEUR, thus declining stronger than the EBITA (-53.9% versus H1 2012: 143.1 MEUR). This is due to the scheduled amortization of intangible assets according to IFRS in connection with the acquisition of Schuler.
    - Net income amounted to 46.9 MEUR and was thus significantly below the reference figure for the previ-ous year (H1 2012: 108.7 MEUR).
    - The net worth position and capital structure as of June 30, 2013 remained solid. Net liquidity amounted to 817.7 MEUR (December 31, 2012: 1,285.7 MEUR) and thus reached a good level despite the acquisition of Schuler (almost 600 MEUR).

    ANDRITZ President and CEO Wolfgang Leitner: “In view of the very difficult overall economic environment, we must be satisfied with the business development of the ANDRITZ GROUP. For the remaining months of the 2013 business year, we expect investment activity in our key customer industries to remain subdued worldwide.”

    On the basis of these expectations, the order backlog, and consolidation of the Schuler Group as of March 1, 2013, the ANDRITZ GROUP expects a rise in sales in the 2013 business year compared to the previous year. However, due to the sharp earnings decline in the PULP & PAPER and SEPARATION business areas, as well as scheduled amortization of intangible assets related to the acquisition of Schuler, the net income will be significantly lower than the last year’s reference figure.

    For further information, please contact:
    Oliver Pokorny
    Group Treasury, Corporate Communications & Investor Relations
    Phone: +43 (316) 6902 1332
    oliver.pokorny@andritz.com
    www.andritz.com
    (Andritz AG)
     
    07.08.2013   AVERY DENNISON BRINGS NEW SUSTAINABILITY POSSIBILITIES TO LABELEXPO 2013    ( Company news )

    Company news Inspiring innovations, Sustainable growth
    Avery Dennison Booth 5A40 (Hall 5)
    Labelexpo 2013

    Picture: Avery Dennison will introduce a new wave of innovations designed to drive sustainable growth at the Avery Dennison Booth 5A40 at Labelexpo 2013. (Photo: Avery Dennison, PR175)

    Avery Dennison will introduce a new wave of innovations designed to drive sustainable growth at Labelexpo Europe in Brussels, September 24-27, 2013.

    “Avery Dennison is constantly striving to develop label and packaging innovations that can help converters solve the performance and sustainability challenges they face today,” comments Angelo DePietri, vice president and general manager of Avery Dennison Materials Group Europe. “We are looking forward to engaging Labelexpo 2013 visitors with fresh approaches not only to shelf appeal but to recycling, and productivity as well.”

    The Avery Dennison booth will feature products and services that help converters differentiate and gain a competitive advantage. One such product, introduced in North America last year, is a pressure-sensitive labelling solution that improves the recyclability of PET containers. The Avery Dennison CleanFlake™ (Bottle-to-Bottle) Film portfolio can help increase rPET yields thanks to an innovative adhesive and film combination, that separates cleanly and efficiently from the PET flakes produced during the recycling process.
    The result is PET flakes pure enough to be used to produce new packaging films and shells, which conserves virgin PET resources and supports beverage industry leaders’ desire to increase their use of recycled PET bottles.

    Also in the spotlight will be a new platform of adhesives that enable thinner constructions, increased productivity and decreased bleeding. Avery Dennison’s ClearCut™ technology is featured in a new portfolio of films designed to increase sustainability while improving functional performance and shelf-appeal.

    In addition, the Prime Film Portfolio of BOPP and Machine Direction Oriented (MDO) films are anchored with Avery Dennison’s new proprietary S7000 adhesive. Film materials using this adhesive deliver excellent clarity, conformability for container squeeze, and dispensing stiffness for high-speed converting and dispensing. The clear, white and metalized feedstocks on PET liners avoid the trade-offs in ooze, dispensing and wet-out typical of thinner films. Offering 31% less material weight and greenhouse gas reductions of 22% compared to similar films, they generate substantial sustainability impact advantages. For example, Global MDO films for squeezable containers produce 40% less solid waste and require 37% less energy, while the new BOPP products deliver 50% less ooze on rigid containers.

    These products, as well as several ground-breaking innovations in the digital, beer and beverage, wine and spirits, durables and security categories, will be launched at the Avery Dennison Booth - at Labelexpo 2013 Booth 5A40.
    (Avery Dennison Label and Packaging Materials Europe)
     
    06.08.2013   Sappi results for 3rd quarter ended June 2013 highlights continued tough market conditions    ( Company news )

    Company news Picture: Chief executive officer Roeloff (Ralph) Jacobus Boëttger

    Summary for the quarter
    -Successful start-up of both dissolving wood pulp projects
    -Operating profit excluding special items US$8 million (Q3 2012 US$60 million)
    -Loss for the period US$42 million (Q3 2012 US$106 million loss)
    -Loss per share 8 US cents (Q3 2012 loss of 20 US cents)
    -Net finance costs US$42 million (Q3 2012 US$141 million)
    -Net debt US$2,297 million (Q3 2012 US$2,213 million)

    Commenting on the result, Sappi Chief Executive Officer Ralph Boëttger said:
    The third financial quarter is seasonally our weakest, due to typically lower demand in Europe and North America and the scheduling of planned annual maintenance shuts at most of our major pulp mills. In this transitional year, the quarter was also impacted by the extended shuts at both the Cloquet and Ngodwana Mills as they completed the capital projects to convert existing paper pulp lines to dissolving wood pulp. In addition, market conditions, particularly in our European paper business, deteriorated further during the quarter. These factors combined to reduce group operating profit excluding special items for the period to US$8 million from US$40 million in the prior quarter and US$60 million for the equivalent quarter last year. The third-quarter results were also impacted by special items including a charge of US$11 million related to plantation price fair value adjustment and a charge of US$4 million due to plantation fire damage in South Africa.
    Both the dissolving wood pulp projects at the Ngodwana and Cloquet pulp mills have now started production. The Cloquet Mill produced the first bales of dissolving wood pulp in early June, and the ramp-up has progressed according to schedule with production and quality targets having been met. The Ngodwana Mill started up in late July, a few weeks later than scheduled, and we expect this mill to ramp-up to full production over the coming months.
    The past quarter saw a further deterioration in European paper industry conditions, exacerbating an already weak market, and demand is expected to remain subdued. Input costs, particularly pulp, remain high and we do not expect to see any price increases in our major paper grades in the coming quarter. Plans are being finalised that will result in significant capacity closure, lower costs and improved operating margins in Europe. We envisage these actions will occur over a three-year period and that any cash costs will be self-funded. The benefits of these actions will begin to flow in the 2014 financial year.
    We expect our European business to make an operating loss in the fourth financial quarter which will result in the group making a small net loss for the financial year. Our full year results may be impacted by the aforementioned strategic initiatives and, any asset impairments and restructuring costs that may arise.
    Debt remains within the levels previously indicated despite the weaker operating performance. We expect debt levels to peak during the fourth quarter as the final outlays for the dissolving wood pulp projects occur and to end the quarter slightly lower than that reported for the third quarter. Our medium-term leverage target remains between 1.5 and 2 times net debt to EBITDA.

    The quarter under review
    This seasonally slow quarter saw a significant decline in demand for our major paper grades, with total European industry deliveries of coated woodfree and coated mechanical paper down 8% year-on-year for the quarter. Our total sales volumes were 6% below that of the equivalent quarter last year despite good growth in specialities volumes. Average prices realised were slightly higher than in the previous quarter, as a result of marginal price increases for coated woodfree paper, but remain on average below those of the equivalent quarter in the prior year.
    In the North American business, operating profit for the current quarter was negatively impacted by an estimated US$12 million due to 22 days of incremental downtime taken for the Cloquet pulp mill conversion project and related ramp-up of operations. Coated paper sales volumes were essentially flat year-on-year; however the average net sales price per ton was 4% lower than in the prior year due to a competitive local market and increased import pressure. Prices appeared to have stabilised during the quarter and we expect to realise some price increases on economy sheets and web products over the coming months. The release business continues to perform well and sales volumes were up 11% compared to last year driven by improved demand and the success of our key new patterns.
    In the Southern African business, the domestic paper packaging and office paper markets were weak during the quarter; although, towards the end of the quarter and to date, there have been encouraging indications in the containerboard segment of a possible improvement in volumes. The estimated adverse operating profit impact of the conversion to produce dissolving wood pulp at the Ngodwana Mill and the extended pulp mill downtime was approximately ZAR78 million during the quarter. The Specialised Cellulose business had another good quarter, generating ZAR463 million in EBITDA excluding special items at an EBITDA excluding special items margin of 30%. Sales volumes for the quarter were 183,000 tons, similar to the prior quarter and 8% lower than the equivalent quarter last year due to the timing of shipments. During the quarter, the planned annual maintenance shut of one of the pulp lines at Saiccor Mill took place. We are pleased that we were able to reach an agreement with labour on wage increases for the forthcoming year.
    Net finance costs for the quarter of US$42 million were in line with those of the prior quarter. The comparative Q3 2012 net finance costs of US$141 million included the once-off charges of US$89 million related to the bond refinancing during that quarter.
    Net cash utilised for the quarter was US$157 million, compared to net cash utilisation of US$56 million in the equivalent quarter last year. This cash utilisation was mainly as a result of capital expenditure of US$174 million which related primarily to the strategic investments in expanding our dissolving wood pulp capacity and lower profits from operations. We expect that capital expenditure for the full year will not exceed US$600 million.
    Liquidity remains strong with cash on hand of US$236 million and US$561 million available from the undrawn committed revolving credit facilities in Europe and South Africa. We have sufficient liquidity to complete the spending on the various capital projects. During the quarter, the €330 million international securitisation programme was renewed and the facility maturity date extended to 2016.

    Outlook
    The South African paper business expects to see growth in containerboard volumes, although demand continues to be weak in other grades. Cost pressures and weak demand have resulted in further actions to improve the profitability being implemented.
    The North American paper business is positioned to perform well in an increasingly competitive market and we expect to realise some price increases on economy sheets and web products over the coming months.
    Our expanded global Specialised Cellulose business is focussed on selling the increasing dissolving wood pulp volumes, as the mills continue on their start-up curves, and cementing our position as the leading producer in this market. Dissolving wood pulp prices are under pressure in this competitive market, and could have an impact on margins going forward.
    The coated woodfree paper machine conversion project at Alfeld Mill, which will increase our speciality paper production, remains on track for start-up during the first financial quarter of 2014.
    (Sappi Fine Paper South Africa)
     
    06.08.2013   Finch Paper Appoints Rob Ferragina National Sales Director    ( Company news )

    Company news Ferragina (photo) will lead sales team reputed for service, flexibility

    Finch Paper is investing in top industry professionals to further differentiate the company as an innovative opaque and high-bright manufacturing partner. In order to grow with its traditional customers and develop new business, Finch Paper has appointed Rob Ferragina, to National Sales Director. Ferragina reports to Debabrata Mukherjee, President and CEO, Finch Paper.
    As National Sales Director, Ferragina leads a team of sales executives who are reputed to deliver exceptional, responsive service in the opaque, text and cover, and digital paper markets. Ferragina is a disciplined, strategic leader who will be responsible for developing new business while also growing Finch’s core of loyal distributors and commercial print customers.
    His extensive experience in premium, white paper sales complements Finch’s product portfolio. Leading with flagship Finch Opaque, Finch’s breadth of uncoated, high-bright printing papers and digital substrates are used for marketing collateral, direct mail, book publishing and financial documents as well as office paper. “Finch has been a terrific competitor throughout my career and I’m fortunate to be able to represent legendary Finch Opaque and the Finch team,” Rob said.
    Ferragina will also work closely with Sheldon Spicer, National Sales Director—Corporate Accounts and Philip Hart, Director of Commercial Operations to develop a diversified portfolio of products and services to meet the changing needs of the marketplace.
    Deba Mukherjee, President and CEO for Finch Paper, says, “We welcome Rob to Finch Paper and look forward to his leadership as we refine our strategies to strengthen our business during this time of intense change and opportunity in the industry.”
    Ferragina has over fifteen years of industry experience in the Metro NY area, most recently with Mohawk as Regional Sales Manager, Northeast, with responsibility for sales from Maine to Virginia. Ferragina has also represented Fox River and Fraser in his career. Ferragina holds a Master of Administrative Science from Fairleigh Dickinson University and Master of Arts in History from Monmouth University.
    (Finch Paper LLC)
     
    06.08.2013   Order from Shouguang Chenming Art Paper    ( Company news )

    Company news The Chinese paper producer Shouguang Chenming Art Paper Co., Ltd. is a subsidiary of its mother company Shandong Chenming Paper Holdings Limited – one of the biggest paper producers in China - and has awarded GAW technologies with an order for the delivery of the coating kitchen complex for thermo sensitive paper.
    Chenming Paper Group - listed on the Stock Exchange of China and Hong Kong - has more than 10 production bases and an annual paper production capacity of 6 million tons.
    The scope of delivery will include the complete thermal coating kitchen complex for the revitalised paper machine PM5, which is going to produce thermo sensitive paper in the future (for end-products like tickets, tags, labels, lottery/gambling receipts etc.). GAW is proud to once more prove its outstanding technology and know-how in the area of processing plants – in this case the elaborate treatment of particular chemicals which are needed to produce thermal paper. All the equipment has to be fitted in already existing buildings and facilities. The time-frame is also quite ambitious: the delivery is scheduled for autumn 2013.
    GAW and Shandong Chenming have been cooperating before in many projects, but it will be the first project for the customer to produce such speciality grades with GAW‘s proven experiences in this regard. Thus GAW remains the sole supplier in the Chinese market for thermal sensitive grades which will be the attraction of new investments in the market.
    (GAW technologies GmbH)
     
    06.08.2013   Discussions About Securing the Location Heidenheim Are Constructive.     ( Company news )

    Company news Negotiation Group Agrees on a Key Issues Paper.

    The talks on the capacity utilization at the Voith headquarters in Heidenheim that were entered into in June have produced first interim results. The employees have been informed about these interim results by the Management Board and the Works Council this morning. During the current business year Voith had repeatedly reported about excess capacities at the location and large, structural capacity utilization problems in the Division Voith Paper in Heidenheim.

    Against the background of this situation, the employer and the employees had already agreed on a special termination right of the current works agreement for the location per September 30, 2013 and entered into discussions how the capacity can be adapted to the impaired utilization.

    Employer, Works Council and the trades union IG Metall have now agreed on a joint key issues paper with solution proposals. Among other points, the paper covers the elimination of approximately 430 jobs at the location. Both parties have agreed to plan the job cuts without redundancies due to operational reasons wherever possible. Should this not be feasible for all of the approximately 430 jobs affected, it is also envisaged to offer a possibility of negotiating possible redundancies from autumn 2014. The job reduction program is to be completed by March 31, 2015. Apart from job cuts it has also been proposed to introduce short-term measures such as a reduction of the working hours of all employees at Heidenheim by up to ten percent in order to eliminate the capacity problems. For this purpose, it is intended to sign a supplementary labor and wage agreement with the trades union IG Metall. A relevant declaration of intent has been drafted on Wednesday this week.

    On the basis of this joint key issues paper it is now planned to negotiate all further specific contents and their implementation and to present it to the respective executive committees for approval. It is anticipated that a conclusive result of all negotiations will be reached by the end of September.

    Voith sets standards in the markets energy, oil & gas, paper, raw materials and transport & automotive. Founded in 1867, Voith employs more than 42,000 people, generates €5.7 billion in sales, operates in over 50 countries around the world and is today one of the biggest family-owned companies in Europe.
    (Voith Paper GmbH & Co KG)
     
    05.08.2013   Catalyst Paper Q2 results impacted by maintenance    ( Company news )

    Company news Picture: Crofton mill

    Catalyst Paper (TSX:CYT) reported a net loss of $28.0 million ($1.93 per common share) for the second quarter of 2013, a period heavily impacted by maintenance downtime.
    Before specific items, the net loss was $18.1 million. Specific items in Q2 included a $2.1 million gain on the sale of the Elk Falls industrial site, a non-cash loss on the mandatory redemption of Exit Notes of $2.3 million and a $9.6 million non-cash loss on the effect of foreign exchange on our US dollar denominated debt. This compares with the Q1 net loss of $9.8 million ($0.89 per common share) and $11.6 million net loss before specific items.
    Adjusted earnings before interest, taxes and depreciation (EBITDA) and EBITDA before restructuring costs in the second quarter were negative $0.6 million and negative $0.5 million respectively.
    Revenues of $263.4 million for the quarter were up from the prior quarter, reflecting higher sales vansaction prices for newsprint and pulp, as well as the effect of the weaker Canadian dollar. Pulp sales volume was up over the same quarter of 2012 as was the transaction price.
    Increased paper sales volumes, higher transaction prices for pulp and a weaker Canadian dollar did not offset the higher costs in the quarter arising from maintenance, electricity rate increases and re-imposition of the provincial sales tax (PST) effective April 1st.
    Cash flow from operations increased by $11.2 million and liquidity improved by $63.1 million from the same period last year, due in part to borrowing base improvements, asset sale proceeds and a return to more normalized vendor payment terms since the company’s exit from creditor protection.

    Market Conditions
    Markets for all the company’s paper products remain challenging and demand trended down overall compared to the same period of the prior year. Newsprint and directory showed the steepest decline at 8.9% and 15.2% respectively, while the decline in specialty coated at 4.9% and specialty uncoated at 1.3% was less pronounced.
    North American benchmark prices for high gloss and high-bright papers were flat and were down slightly for coated mechanical papers and newsprint compared to last quarter. Directory pricing remained stable as contracts are negotiated annually. Continued growth in Latin America, along with higher transaction prices and increased sales of Marathon-Lite, the company’s 40-gsm newsprint product, improved newsprint sales revenues in the quarter.
    In the face of perpetually challenging paper markets, Ascent, the new coated three paper manufactured at the Port Alberni mill, is a bright spot, with sales to commercial printers and retail advertisers growing steadily for catalogues, magazines, retail inserts and other marketing materials. In addition, Sage, our environmentally focused product offering, is performing well as a means to protect and gain new business.
    Pulp demand and prices remained favourable over the previous year with NBSK pulp markets continuing a modest recovery in Western Europe and North America.

    Outlook
    A stronger U.S. economy and improvements in the housing and labour markets are expected to lead modest global growth through the balance of the year. In contrast, Canadian growth is expected to slow and the Canadian dollar is expected to remain at a sub-par level relative to the U.S. dollar.
    Macro-economic conditions, however, are expected to have little upside impact on printing paper markets as the migration to electronic media continues. The strongest impact will be felt in directory and newsprint grades. Demand for coated and uncoated specialty mechanical grades will see the normal seasonal improvement in the latter half of the year and operating rates are expected to tighten. Price increases for uncoated mechanical high gloss grades ranging from $50-60 per ton effective July 1 are expected to be partially implemented through the third quarter. Newsprint export markets are expected to remain strong through the latter half, helping to compensate for continued demand losses in North America with pricing remaining firm for the balance of 2013. The NBSK pulp market improvement in the first half of the year is expected to level off in the third quarter with slower growth projected for the Chinese economy through the second half of the year.
    Input costs are expected to remain stable on all but electricity where utility rate increases combined with the impact of the April 1 re-imposition of PST will significantly increase energy costs. We are taking all steps available to mitigate the cost impacts, including reducing consumption, maximizing self-generation at our mills, and intensive advocacy to bring the social and economic impact of escalating hydro costs on industrial customers to the attention of governments.
    With completion of the two planned total mill outages at Crofton and Port Alberni now behind us, planned maintenance spending and downtime will be reduced for the remainder of the year. The company has adequate liquidity with no significant or extraordinary uses of cash anticipated for the balance of 2013.
    (Catalyst Paper Corporation)
     
    05.08.2013   NewPage Launches The Smarter Economy Coated Paper: Anthem Plus     ( Company news )

    Company news NewPage Corporation (NewPage) announced Anthem® Plus™, the all-new, all-American economy coated paper built to perform in virtually every print application.
    "Customers including merchants, printers and end users have been asking for a simplified economy sheet offering from NewPage with 90 brightness, a competitive price, good on-press performance and breadth and depth of inventory," said Jeff Pfister, commercial marketing manager, economy sheets for NewPage. "So we listened to our customers and we went to work developing an improved product and service offering that meets or exceeds all expectations. The result is Anthem Plus."
    Anthem Plus offers a strong value proposition for all stakeholders in the supply chain. It has 90 brightness with a pure blue-white shade for beautiful printed results coupled with an unparalleled offering including gloss, dull and matte finishes ranging from 60 lb. text to 110 lb. cover. Anthem Plus has the broadest and deepest inventory commitment of any economy product available today and is stocked in press-ready mini skids and cartons for maximum efficiencies. Anthem Plus is chain-of-custody certified to the Forest Stewardship Council™ (FSC®), the Sustainable Forestry Initiative® (SFI) and the Programme for the Endorsement of Forest Certification™ (PEFC) to support sustainable forestry practices; and is made in the USA with pride which supports local economies and American jobs.
    Until now, NewPage offered multiple economy sheet brands with different attribute packages and value propositions. These brands included Anthem®, Fortune® and Gusto®. With the introduction of Anthem Plus, NewPage will be discontinuing Fortune® and Gusto® coated sheets.
    "Last year, we made a major shift at our customers' request with the introduction of Sterling® Premium," stated Steven DeVoe, vice president of Marketing for NewPage. "Sterling Premium shifted the definition of premium grades to reflect the times, delivering a better option for customers looking for premium print performance. Now we bring our customers another shift in our grade offering with the introduction of Anthem Plus. No other coated paper producer currently offers the breadth and depth of this product and service line-up, and we are excited about the potential to continue to grow and evolve with our customers."
    (NewPage Corporation)
     
    05.08.2013   FINAT reports on modest growth in European self-adhesive labeling consumption in 2012    ( Company news )

    In 2012, demand for self-adhesive label materials in Europe amounted to 5.78 billion square meters, a growth of 1.7% compared to 2011. With a market share of around 45%, self-adhesive consolidated its lead as the dominant labelling technology in Europe, ahead of wet-glue (40%), sleeving (7%), in mould (3%) and other technologies (5%). The linear growth pattern of around 5% year after year that lasted until the middle of the last decade has however disappeared. Evidently the label industry did not escape the impact of the global financial and economic crises. But not only that: with consumption levels reaching maturity in Western Europe, self-adhesive demand has become more sensitive to the volatility of consumer behaviour. But there are two ‘counter forces’: innovations in the filmic label domain and the on-going evolution of Eastern Europe continue to offer significant upward potential.

    The long view
    2012 was an important benchmark for the European self-adhesive label industry. Last year, total labelstock consumption of 5.78 billion m2 doubled the estimated 2.84 billion published by EPSMA for 1996, the base year of our data set. However, it took the industry about 7 years to reach the halfway mark of this journey, and from 2003 onwards (the fist year of the FINAT Labelstock statistics) it took almost 10 years to add the other half of the overall increase. This clearly illustrates the decelerating growth pace of the industry.
    The slowdown in year-by-year growth rates between mid-2005 and mid-2008 was mitigated by the higher (but also descending) growth rates for filmic label materials. From mid-2008 onwards, the industry trend is severely disturbed by the global crises, with a dramatic downturn in 2008-2009 being ‘corrected’ by an excessive upswing in 2009-2010 and the ‘double dip’ in 2010-2011. Signs of modest recovery in the first half of 2012 have been slowed down by signs of a prolonged recession in several European countries as part of government measures to balance budgets and restore confidence in the Euro.

    Global perspective
    According to data from Labels and Labeling Consultancy, global label demand (all technologies included) amounts to between 40 and 45 billion m2. About 30% of this volume is consumed in Europe.
    When the emerging markets are included, globally wet glue labels still hold a majority share of 46%, followed by self-adhesive with 37% and sleeving, wrap-around and in-mould holding shares of 8%, 6% and 2% respectively. This is because in the emerging markets, self-adhesive is still less advanced. As stated in the introduction, the situation is reversed if only the mature western label markets of Europe and North America would be considered.
    Although average per capita consumption of self-adhesive labels in North America with around 15 m2 is similar to consumption levels in the mature markets of Western Europe, there is huge variety of per capita consumption levels across Europe, ranging from 3-4 square meters in East and Southeast Europe, to around 20 m2 in some countries in Northwest Europe, with an overall average across Europe of 6-8 m2. This indicates a significant upward potential for the label industry in the wider ‘Eurovision Europe’.
    Recent developments in Europe – different perspectives across regions
    Against this background it should be no surprise that the perspective of market developments differs significantly at opposite ends of the European periphery. Against the marginal evolution of labelstock demand in the other aggregated regions of Europe (all recording increases or decreases within the plus or minus 1.5% range), Eastern European markets consumed 11.4% more self-adhesive label materials than in the preceding year! Total labelstock demand recorded in the Eastern European countries (12 countries, 325 million inhabitants) amounted to 1.15 billion m2 and the region is now approaching Southern Europe (6 Mediterranean countries including Turkey, 280 million inhabitants) with a demand of 1.28 billion m2 as the second largest self-adhesive labelling region in Europe. Central Europe (6 countries, 125 million inhabitants) is still far out of reach for the rest of Europe with 2.27 billion m2.
    Within the top 5 of self-adhesive label consuming countries in Europe, Germany and the United Kingdom consolidated their leading positions ahead of France, Italy and Spain. However, from a historical perspective, Germany and Italy have outperformed the other 3 countries. Together, in 2012 these 5 countries accounted for around 60% of total labelstock demand in Europe.
    It should be noted however that the underlying market drivers and economic fundamentals may differ substantially across individual countries. Generally speaking, for the smaller countries, volume and evolution of labelstock demand tend to correlate more strongly with FMCG exports, and hence the average consumption of label materials per capita tends to exceed that of the bigger markets.

    Paper versus filmic labelstock demand trends
    On balance, in 2012 demand for self-adhesive label materials in Europe added volume of almost 100 million m2 to its business in 2011. About 90% of this volume was generated by net increases in roll label materials demand. Of this net growth, a majority of 48 million m2 was achieved by the net increase in demand for filmic roll label materials, ahead of the 41 million m2 net increase in paper rolls demand in 2012.
    Interestingly, this overall net increase was entirely attributed to the growing demand from Eastern Europe. In the case of paper based roll label demand, the net increase in demand of almost 80 million m2 in the 12 Eastern European countries offset the net decrease in the other regions by a factor 2. In the case of non-paper roll label materials, demand growth in Eastern Europe represented almost 75% of the net increase in demand across Europe.

    Outlook 2013
    During the first quarter of 2013, self-adhesive labelstock demand increased by a modest 0.4% compared to the first quarter of 2012. Although this positive result prevented the industry from dropping back into a European ‘label recession’, it continued the downward trend in annualised quarterly growth rates since the third quarter of 2012.
    As in 2012, demand for filmic roll label materials (+1.6%) and aggregate demand for self-adhesive label materials in Eastern Europe continued their role as driving force of labelstock demand, a role which they have played for the past 10 years.
    Despite the prudent signs of (slow) recovery and significantly improved financial conditions, the countries within the Eurozone continued their recession at the start of the year with their sixth consecutive quarter of output decline. Even Europe’s ‘export engine’ Germany is facing a slowdown. Although important progress has been made in stabilising government finance, government debt in some countries is unsustainably high and suppressing home demand.
    In the last quarter of 2012 and into 2013, there appeared to be a positive shift in business sentiments at the label converters’ end.
    (FINAT)
     
    05.08.2013   GLATFELTER REPORTS SECOND QUARTER 2013 RESULTS    ( Company news )

    Company news Organic growth and Dresden acquisition drive company performance

    Picture: Dante C. Parrini, Chairman and Chief Executive Officer

    Glatfelter (NYSE: GLT) reported second-quarter 2013 net income of $0.9 million, or $0.02 per diluted share, and adjusted earnings of $5.1 million, or $0.12 per diluted share. These results compare with second-quarter 2012 net income of $13.4 million or $0.31 per diluted share and adjusted earnings in the prior year quarter of $5.3 million or $0.12 per diluted share.
    Consolidated net sales for the second quarter of 2013 totaled $426.0 million, a quarterly record and a 10.7 percent increase compared with $384.7 million in the second quarter of 2012 reflecting organic growth of 3.1 percent and acquisition growth of 7.2 percent.
    “We generated strong results in our Composite Fibers and Advanced Airlaid Materials businesses during the second quarter,” said Dante C. Parrini, chairman and chief executive officer. “Operating profit for Composite Fibers more than doubled during the quarter driven by both organic growth and a strong start from the Dresden acquisition. Our Advanced Airlaid Materials business improved operating profit by 14 percent driven by a 7 percent improvement in net sales. Shipments for the Specialty Papers business continued to outperform the broader market but lower selling prices and unexpected operating disruptions led to disappointing results for the second quarter.”
    Mr. Parrini continued, “We are well positioned to generate improved results, as the benefits from a number of our recent strategic and operating initiatives continue to be realized. We are increasing our earnings accretion estimate for the Dresden acquisition to $0.45 to $0.50 per share on an annualized basis, compared with our initial estimate of $0.25 per share as a result of new estimated depreciation and amortization expense. We also expect continued organic growth in our Composite Fibers and Advanced Airlaid Materials businesses, and we are focused on improving the operating performance in Specialty Papers.”
    (Glatfelter Corporate Headquarters)
     
    02.08.2013   Accolade for Karl Knauer KG    ( Company news )

    Company news Karl Knauer KG wins the Bronze Lion in Cannes and the Red Dot Design Award

    The series of awards for the luminescent packaging of Bacardi’s spirit “Bombay Sapphire” has reached a new high point: the Bronze Lion in Cannes as well as the Red Dot Design Award conclude the long succession of notable awards that Karl Knauer KG has received for the production and development of this packaging. An international jury in Cannes was enthusiastic about the first freely available luminescent packaging, which was able to hold its own against prominent competitors. “Infused with Imagination”, the title of the submitted competition video as well as the slogan of Bombay Sapphire gin has clearly shown that a great deal of imagination and richness of ideas are needed to create such a unique packaging.

    Cannes Bronze Lion – An accolade for a ground-breaking idea.
    Of all the awards that have been presented for the luminescent packaging so far, the Cannes Lion (category: Design Lion / Electro) is likely the highest honour. The proposal was submitted by the English agency Webb deVlam, which along with Karl Knauer KG developed the luminescent packaging commissioned by Bacardi-Martini. Inside is a first-class gin “Bombay Sapphire”. The packaging reflects the high quality that impressed the Cannes jury after already winning numerous other awards.

    Red Dot Design Award – Another distinction in Autumn.
    Furthermore Karl Knauer KG is proud to announce that the luminescent packaging will receive the Red Dot Design Award. The presentation will take place on the 18 October, 2013 in the Konzerthaus in Berlin. An international jury selected the most innovative and creative proposals from around 6,800 submissions from 43 nations. The award is considered an international seal of quality for design objects. The award will be presented for the Bombay Sapphire packaging in the category Communication Design. After receiving the distinction in Autumn, the packaging will be on view at the exhibition “Design on Stage – Winners Red Dot Award: Communication Design 2013” at Berlin’s Umspannwerk Alexanderplatz.

    Luminescent packaging – Pure innovation.
    The folding box for the premium-quality spirit “Bombay Sapphire” is probably the world’s first freely available packaging with printed, actively luminescent surfaces. This was made possible by the patented technology “HiLight – printed electronics”. An intuitive mechanism activates a light animation on the front side of the packaging as soon as it is picked up. The individual design elements illuminate from the bottom upward in five stages. This packaging sets new standards for the presentation of a brand at the point of sale, attracting attention like never before. The function of packaging as a sales and marketing tool is specially reflected by the Bombay packaging. The box serves not only as mere packaging, but it accents and enhances the quality of the packaged product.
    (Karl Knauer KG)
     
    02.08.2013   Rengo Begins Construction Work to Renew Containerboard Machine at Marusan Paper Mfg.    ( Company news )

    Company news Picture: Marusan Paper Mfg. Co., Ltd.

    Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; President & CEO: Kiyoshi Otsubo) announces that construction work has begun, as previously planned, to renew a containerboard (linerboard) machine at its consolidated subsidiary Marusan Paper Mfg. Co., Ltd. (Head Office: Minamisoma-shi, Fukushima; President: Hakaru Mita).
    As the Rengo Group’s production center for containerboard in the Tohoku region, Marusan Paper Mfg. currently produces approximately 20,000 tons of containerboard per month using two paper machines: PM6 for linerboard and PM7 for corrugating medium. PM6, which was installed in 1973, was damaged during the Great East Japan Earthquake in March 2011, and it has become difficult to respond to recent needs for lightweight containerboard. For that reason, Rengo has decided to renew PM6 to serve the current needs of the market, and to further improve product quality while striving to conserve energy and resources. A groundbreaking ceremony was held on July 19, and operation of the machine is scheduled to start in January 2015.
    This renewal is intended to ensure Marusan Paper Mfg.’s continued growth. It is also aimed at enhancing the Rengo Group’s containerboard supply system in the Eastern Japan region and improving mid- and long-term performance by further strengthening the integrated production system from containerboard to corrugated packaging.
    Marusan Paper Mfg. was forced to suspend operations for around three months immediately after the Great East Japan Earthquake of March 2011 due to earthquake damage and the accident at the Fukushima Daiichi Nuclear Power Plant. However, operations are currently proceeding as before. Rengo believes that the renewal of the machine will contribute greatly to the region’s reconstruction and revitalization through continuous industrial promotion in the company’s local region of Minamisoma-shi and Fukushima, and by ensuring stable employment. This renewal is eligible for the company relocation support subsidy for industrial recovery in Fukushima.
    (Rengo Co Ltd)
     
    02.08.2013   Domtar Corporation reports preliminary second quarter 2013 financial results    ( Company news )

    Company news Earnings affected by higher planned maintenance costs and lower productivity in pulp

    Picture: John D. Williams, President and Chief Executive Officer (CEO)

    -Second quarter 2013 net loss of $1.38 per share, earnings before items of $0.48 per share
    -EBITDA before items of $135 million in the second quarter
    -Share buyback totaled $100 million in the second quarter of 2013
    -Completed the acquisition of AHP, the leading manufacturer of store brand baby diapers in the United States, on July 1st, 2013

    Domtar Corporation (NYSE: UFS) (TSX: UFS) reported a net loss of $46 million ($1.38 per share) for the second quarter of 2013 compared to net earnings of $45 million ($1.29 per share) for the first quarter of 2013 and net earnings of $59 million ($1.61 per share) for the second quarter of 2012. Sales for the second quarter of 2013 amounted to $1,312 million.

    Second quarter 2013 items:
    -Litigation settlement of $49 million ( $46 million after tax);
    -Closure and restructuring charges of $18 million ($13 million after tax); and
    -Charge of $5 million ($3 million after tax) related to the impairment and write-down of property, plant and equipment.

    First quarter 2013 items:
    Conversion of $26 million ($18 million after tax) of alternative fuel tax credits into cellulosic biofuel producer income tax credits of $55 million ($33 million after tax) resulting in a net gain after tax of $15 million;
    -Charge of $10 million ($7 million after tax) related to the impairment and write-down of property, plant and equipment;
    -Gain on the sale of property, plant and equipment of $10 million ($6 million after tax); and
    -Premium paid and costs related to the debt repurchase of $3 million ($2 million after tax), included in interest expense.

    "Our productivity improved in our paper business in the second quarter when compared to the first quarter," said John D. Williams, President and Chief Executive Officer. "In pulp however, we had the busiest maintenance quarter on record with 10 of our 12 pulp mills taking shutdowns. Operational challenges during the start-up phase affected our costs but our mills are now running well and we are confident that those issues are behind us."
    On Personal Care, John D. Williams added, "I am pleased with the acquisition of AHP. This will give us stronger access to the retail market for our adult incontinence products and synergies to the bottom line. Raw material costs had a negative impact on the segment's profitability in the quarter, but the business remains well on track."

    The decrease in operating income before items1 in the second quarter of 2013 was the result of higher costs for planned maintenance shutdowns, lower productivity for pulp, lower volumes for pulp and for paper, higher freight costs and higher selling, general and administrative expenses. These factors were partially offset by higher average selling prices for pulp and overall favorable exchange rates.
    When compared to the first quarter of 2013, paper shipments declined 3.3% and pulp shipments declined 7.5%. The shipments-to-production ratio for paper was 96% in the second quarter of 2013, compared to 104% in the first quarter of 2013. Paper inventories increased by 37,000 tons while pulp inventories declined by 26,000 metric tons at the end of June, compared to March levels.

    LIQUIDITY AND CAPITAL
    Cash flow provided from operating activities amounted to $183 million and capital expenditures amounted to $118 million, resulting in free cash flow of $65 million for the first six months of 2013. Domtar's net debt-to-total capitalization ratio1 stood at 20% at June 30, 2013 compared to 16% at December 31, 2012.
    Domtar returned a total of $178 million to its shareholders through a combination of dividend and share buybacks in the first six months of 2013. Under its stock repurchase program, Domtar repurchased a total of 1,370,676 shares of common stock at an average price of $72.87 in the second quarter of 2013, and a total of 10,637,179 shares of common stock at an average price of $78.97 since the implementation of the program in May 2010. At the end of the second quarter of 2013, Domtar had $158 million remaining under the current authorization.

    OUTLOOK
    Earnings from pulp are expected to benefit from lower planned maintenance costs, higher productivity and higher sales volumes. The completion of the AHP acquisition on July 1st will be accretive to the Personal Care segment's earnings in the third quarter. Input costs are expected to stay relatively stable for the second half of 2013.
    (Domtar Inc.)
     
    02.08.2013   "The Future is Bright"    ( Company news )

    Company news Picture: Delegates with Pro Carton conference box.

    This was the motto of this year's ECR Congress in mid-May 2013 with a focus on four topics: shopping experience, supply chain efficiency, sustainability and nurturing talent. With this broad spectrum, the organisers of the programme certainly scored full marks. The result: over 600 participants from 30 countries. Pro Carton has been involved as a partner for many years now. Here are the highlights.
    Thomas Hübner, Executive Director Europe of Carrefour, and Jan Zijderveld, President Europe at Unilever, opened by criticising their own industry sector: more needed to be done in terms of innovation, the commitment to sustainability needed to be more convincing, and young talent needed to be recruited for the supply chain to master these tasks successfully over the coming years.
    "Customers are changing dramatically, largely due to technology and new lifestyles", stated Zijderveld. "As the largest employer in Europe, our industry carries great responsibility. Our customers expect they can trust us when they buy something." And Hübner adds: "The industry has improved by 6 % in terms of CO2 emissions, the retail trade by 7 %, but that is not enough. The target must be annual improvement of 4 % up to 2020."
    The ECR Congress definitely took the sponsorship of talent seriously. Three Awards were conveyed on the first evening and targeted at improving cooperation in the value chain: one for a Best Practice example in supply chain cooperation, one for a life's work and one Next Generation Leader Award. The Best Practice example will hopefully find followers: the Award went to Tesco and Coca-Cola, who exchanged managers for a year to gain experience from the other partner!

    Changes in purchasing experience
    Ken Hughes of Glacier Consulting came right to the point: shopper marketing is ultimately a behavioural science. At its core is an understanding of why shoppers behave as they do, which is then harnessed to trigger purchases. But traditional approaches such as shopper focus groups and interviews only yield so much. The newer fields of neuro-marketing, consumer psychology, biometrics and big data are where the real breakthroughs are taking place. Understanding shopper motivation and consumer psychology can increase business without touching price or margin. Hughes presented a ground-breaking study that maps shopper arousal "triggers" in FMCG using state-of-the-art mobile biometric sensors.
    A group of experts from different areas – Benoit Golay, (Icare Institute), Sylvain Rebet (Bobst), Derren Sequeira (Facebook), Ken Venn (Indaba), Geoffroy de Myttenaere and Jean-Albert Nyssens (McKinsey) – explained potentials and market-ready concepts in the context of mobile phones and read Big Data. Mobile phones, smart or not, offer enormous opportunities for companies to change the game with shoppers. There are more mobile phones in the world than there are tooth brushes. Add to this the data from social networks where consumers exchange information. It is estimated that 4 exabytes (1 exabyte = 1 billion gigabytes) of unique information will be generated this year alone. These are Big Data: their scale, distribution, diversity, and timeliness need to be analysed using new technical architectures to gain insights and create new values. A huge challenge for industry to approach consumers more individually and in a more targeted manner. But a challenge certainly worthwhile taking up as 1:1 marketing becomes significantly less expensive than to date.
    Barry Carty (BWG Foods), Declan Carolan (ECR Ireland), Iñigo Anton (Findus), Rob Mullen (Kerry Foods) und Shay Leonard (Unilever) covered the cooperation between branded suppliers and the retail trade in practice. The question being how to create sustainable growth in mature categories where consumer spending is constrained and without having to pull the price and promotion levers. The response: real collaboration, focused on the consumer and shopper journey, can inspire and produce groundbreaking results, even in categories with refrigeration requirements. Together, solutions were found for the POS which led to significant increases in sales. The shopping experience is the key: informing consumers about the benefits of products (“You don´t buy what you don´t understand”) and to provide an easy and enjoyable shopping experience.
    One of the highlights in the programme was the presentation by Serpil Timuray, CEO of Vodafone Turkey. She gave an impressive demonstration of how smartphones and other mobile devices bring consumers closer to markets and products. In the USA, some 6 of purchases are already done online, and in the coming year half of all purchases will either be generated online or at least influenced by online channels. Gartner predicts, that in 2016 some 450 million people will already be making mobile payments - with a transaction value equal to 600 billion dollars.
    The topic of Big Data was also of major importance to Timuray: as more and more consumers are connected via the Net this results in enormous data volumes. Big Data is expected to grow by 40 % a year. Big Data will make consumers even more powerful than ever before: they can compare products and prices real-time at the point of purchase. For industry and the retail trade this provides the option of providing tailor-made offers based on information on demographics, personal purchasing behaviour, preferences and the current location of the consumer. Amazon, one of the pioneers of such strategies, reports that some 30% of sales are already generated via recommendation marketing.
    "We have obtained similar results for Kraft in Turkey. We put unique codes on ten million packs of crisps and invited the largely younger consumers to take part in a promotion. 35% responded, a fantastic response. And sales were up by 27%!
    Another important topic is regional marketing. "Customers willing to receive advertising and living in the vicinity of a "Caffè Nero“ coffee shop were offered a free morning coffee together with another purchase." The redemption rate was 10%, a significant success rate for the chain.

    The road to sustainability
    "How to guide shoppers to more sustainable choices?" was the question Valérie Sérjourne (AISE), Anne Vandenbergen (Colruyt), Neil Coles (CSCP) and Franz Speer and Malte Turk (Henkel) posed. The answer: using an holistic approach and working together along the entire value chain. Concrete examples from manufacturers and retailers provided insights and answers on how to guide shoppers towards more sustainable choices. Future growth is likely to depend on less resource intensity and providing more value added services. Efficiency alone will not be enough to bring current consumption patterns to sustainable levels, widespread changes will also be required to behaviours and lifestyles. Consumers today often believe that they are already buying sustainable products, even if this not the case. To alter their behaviour they need to perceive a benefit for themselves. This is where industry and retailers must cooperate as a change in attitude harbours great potential.
    The Consumer Goods Forum – represented by Onno Fransse (Ahold), Sabine Ritter (CGF), Megan Hellstedt (Delhaize), Britta Gallus (Metro Group), Saliha Barlatey (Nestlé) and Nigel Bagley (Unilever) – has identified a number of areas where, by working together, the industry was able to make significant progress. Three key areas of commitment were designated under the motto "Building better lives through better business”:
    -Deforestation: help achieve zero-net deforestation by 2020
    -Refrigeration: start phasing out HFC refrigerants (fluorinated hydrocarbons) by 2015
    -Health and well-being will have a greater focus in future - supported by a broad set of initiatives - from healthier products to responsible marketing and educating consumers.

    In terms of food safety, the Global Food Safety Initiative has been operational for a number of years to provide continuous improvement of food safety management systems.

    Summary
    At the end of the congress Jan Zijderveld painted a clear picture as to how older and younger consumers differ: "The older shopper has more time, shops more often and is very price sensitive. The younger shopper buys less often, is more quality conscious, more sustainability conscious and is IT-affine. We therefore only have half the touch points to reach the younger shopper who is more interested in quality and more ready to pay premium prices when compared to the older shopper. E-commerce is growing rapidly, and younger people do not divide their world into digital and physical, for them it is a single world. They walk through the store with their smartphone and collect information. In the UK, Internet sales have already reached the 5% level and France is also growing fast. This will change our industry completely over the next ten years and we must be a part of this change."
    And Thomas Hübner adds: "To do this, it’s all about cooperation and sharing insights. In the best possible manner and with full responsibility for sustainability. Our customers demand this. It is amazing, the way we live today. We are healthier today, have better foods, a better lifestyle, we have never before lived so well. But we also face phenomenal challenges, economically, in terms of the environment and, specifically in Europe, the governments.

    What does all this signal for the development of the carton?
    Packaging will play a far greater role in future than today, it is the medium which unites the brand, product information and the Internet. Furthermore, carton can present brands and products very attractively on the Internet. The surface design options provide cartons with an optimal base as they can best present the brands and information and because digital codes can be read perfectly - also individual codes in the new world of Big Data.
    In terms of sustainability, cartons have already staked their claim: conservation of resources and recycling are sustainable contributions to the supply chain and support consumers in developing a more sustainable lifestyle. The sustainability of European cartons is given additional support by using cartonboard from raw materials coming from sustainably managed forests.
    Cartons are the only packaging medium which already provides a positive answer to questions of the future. They are fully integrated in the trend – and part of the "Bright Future“.
    (Pro Carton - The European Carton Promotion Association)
     
    02.08.2013   DREWSEN SPEZIALPAPIERE GmbH & Co. KG successfully implements energy management ...    ( Company news )

    Company news ... system

    The careful and responsible use of energy has long been an important part of the DREWSEN SPEZIALPAPIERE GmbH & Co. KG corporate policy that extends to all departments and employees.
    Although in recent years, various energy conservation measures have been successfully implemented, the company decided to approach the diverse activities of energy efficiency in a more consistent and systematic way. Through the introduction of an energy management system in line with ISO 50001, continuous improvements in energy performance, efficiency and cost reductions can be achieved.
    "In building the system, we were able to draw upon a wide range of existing and effective processes in addition to measurable performance targets that enabled us to deliver a system which would gain accreditation within a few months” says the head of Engineering Dr. Ludger Benien.
    Our energy management system was audited by the certification company (DQS) in May 2013, and following successful completion of the inspection we were awarded the ISO 50001 certificate."
    The current certificate is valid until 05/21/2016.
    (DREWSEN SPEZIALPAPIERE GmbH & Co. KG)
     
    01.08.2013   Oji Papéis Especiais invests in innovative solution from Voith that allows significant water and...    ( Company news )

    Company news ... energy savings

    Voith has a new order to supply its innovative lubrication system for suction roll sealing strips – HydroSeal (picture) – to Oji Papéis Especiais. The HydroSeal system prevents sheet rewetting and drastically reduces water consumption.
    Operating in Piracicaba, in the state of São Paulo, Brazil, Oji’s specialty paper mill produces nearly 120,000 metric tons of thermal paper, carbonless copy paper and coated paper. The new HydroSeal is expected to operate from mid-September.
    Once it is installed, HydroSeal will allow a considerable decrease in water consumption, as well as a performance improvement in the transfer suction roll operating between the second and third press of the Oji PM 2.
    HydroSeal is an innovative option that replaces current conventional seals and lubricating showers installed in suction rolls in favor of a more efficient seal system that distributes the lubricant film more evenly over the entire width of the sealing strip. The system hence enables a significant decrease in the amount of water consumed while also minimizing sheet rewetting, which in turn improves the CD moisture profile. This system will allow paper manufacturers to disable conventional shower systems regardless of the suction roll type or manufacturer.
    The patented sealing strip system with integrated water supply enables significant savings, and in some cases may also provide for drive power savings. Trials carried out in Germany demonstrate that by using HydroSeal, paper makers can achieve yearly savings of approximately € 100,000, since water and energy consumption can be reduced by up to 87% and 9% respectively.
    Since its recent release, nine HydroSeal systems have been sold worldwide, including the one to Oji Papéis Especiais.
    (Voith Paper GmbH & Co KG)
     
    01.08.2013   Weyerhaeuser Reports Second Quarter Results    ( Company news )

    Company news Picture: Daniel Fulton, president and chief executive officer

    • Net earnings before special items increased fourfold compared with second quarter 2012
    • Net sales increased approximately 20 percent to $2.1 billion, highest since 2008
    • Acquired approximately 645,000 acres of unique, high-value timberlands in Washington and Oregon through purchase of Longview Timber LLC

    Weyerhaeuser Company (NYSE: WY) reported net earnings to common shareholders of $196 million, or 35 cents per diluted share, for the second quarter. As there were no special items this period, this compares with net earnings before special items of $47 million, or 9 cents per diluted share, for the same period last year. Net sales for the second quarter of 2013 totaled $2.1 billion, compared with net sales of $1.8 billion for the second quarter of 2012.
    “This was a milestone quarter for Weyerhaeuser,” said Dan Fulton, president and chief executive officer. “We moved forward both strategically and operationally with the acquisition of Longview Timber LLC and by delivering strong operating results in this improving housing market.”

    Timberlands
    2Q 2013 Performance - Earnings from disposition of non-strategic timberlands increased $11 million compared with the first quarter. In the West, improved selling prices for export and domestic logs were mostly offset by slightly lower fee harvest volumes, increased logging costs, and seasonally higher road and silviculture expenses. Southern fee harvest volumes and log realizations were comparable to the first quarter.
    3Q 2013 Outlook - On July 23, 2013, Weyerhaeuser completed the acquisition of Longview Timber LLC. Earnings from these operations will be included in the Timberlands segment beginning in the third quarter of 2013.
    Weyerhaeuser anticipates lower earnings from the Timberlands segment in the third quarter, as the positive contribution from a partial quarter of Longview Timber earnings will not offset a normal seasonal decline in the contribution from the company’s existing operations. The company expects seasonally higher road and silviculture costs, weaker domestic and export prices for Western logs, and a seasonal reduction in fee harvest from existing Western operations. These should be partially offset by seasonally higher Southern harvest volumes and somewhat higher earnings from disposition of non-strategic timberlands.

    Wood products
    2Q 2013 Performance - Lumber sales volumes improved 13 percent compared with the first quarter, and sales volumes for most other products improved slightly. These improvements were more than offset by lower average selling prices for oriented strand board and higher raw material costs. Manufacturing costs increased due to higher maintenance expense and unplanned downtime in oriented strand board and engineered wood products mills. Distribution business margins declined due to falling prices for commodity products throughout most of the second quarter.
    3Q 2013 Outlook - Weyerhaeuser anticipates lower earnings from the Wood Products segment in the third quarter. The company expects substantially lower average selling prices for oriented strand board and lower lumber realizations. These should be partially offset by improved sales volumes across most product lines, lower log and maintenance costs, and improved operating rates.

    Cellulose Fibers
    2Q 2013 Performance - Maintenance costs declined and pulp mill productivity increased due to a reduction in major maintenance projects. Energy, fiber, and chemical costs declined and average pulp price realizations improved slightly.
    3Q 2013 Outlook - Weyerhaeuser expects comparable earnings from the Cellulose Fibers segment in the third quarter. The company anticipates slightly higher average selling prices due to mix, slightly improved sales volumes and lower fiber and energy costs, offset by increased maintenance expense.

    Real Estate
    2Q 2013 Performance - Home closings increased seasonally to 636 single-family homes, and average margins on homes closed improved due to mix. These factors were partially offset by increased selling costs due to the higher closing volume. Second quarter results include earnings of $2 million from land and lot sales.
    At the end of the second quarter the backlog of homes sold, but not closed, totaled 1,438 units, compared with 1,033 units one year ago.
    3Q 2013 Outlook - Weyerhaeuser expects slightly higher earnings from single-family homebuilding in the third quarter. Single-family closing volume should increase seasonally to more than 700 single-family homes, with lower average margins due to mix. The company anticipates higher selling-related expenses due to the additional closing volume, and somewhat higher earnings from land and lot sales.
    (Weyerhaeuser Company)
     
    01.08.2013   AVERY DENNISON DOUBLES ITS 'THINKTHIN™' PORTFOLIO TO SUPPORT SUSTAINABLE ...    ( Company news )

    Company news ... LABELLING

    Picture: Avery Dennison’s new ThinkThin™ film materials are products-of-choice for premium food labelling applications. (Photos: Avery Dennison, PR173)

    Avery Dennison Label and Packaging Materials has introduced seven new 'thin' film and paper products that retain shelf impact while making premium food labels more sustainable through thinner label material constructions.

    Brands are making ever stronger demands for waste reduction and more sustainable products, and the Avery Dennison ThinkThin™ range is an important tool for label converters who want to measure and report on sustainability improvements. Thinner facestocks and liners across the entire range ensure both performance and environmental benefits across many different films, papers and thermal products, compared to the standard thicker versions. This is because they require fewer raw materials and less energy during manufacture, according to lifecycle assessment charts compiled by Avery Dennison.

    “This expanded ThinkThin portfolio has been designed with real-world needs of label converters and brand owners in mind,” said Jan 't Hart, product line director at Avery Dennison Label and Packaging Materials. “Better sustainability credentials are the foundation of the ThinkThin initiative, but our priority remains that of giving customers materials that look great and perform better than ever. ‘Green’ does not have to mean ‘second best’ if the technology is right.”

    The new ThinkThin film materials are ideal for premium food labelling applications. They feature Avery Dennison’s innovative S7000 adhesive which enables high speed production and offers both water-whitening resistance and reduced adhesive bleed. The extended film family now includes PE LG Top as well as the thinner PP 40 Top, both with top coating and available in clear and white.

    The Avery Dennison Greenprint™ lifecycle analysis quickly reveals the sustainability ‘wins’ made possible by new ThinkThin products. For example, PP40 Top Clear (with S7000 adhesive and a PET23 liner) uses 46% less energy, generates 30% less solid waste and consumes 39% less fossil material than the conventional PP60/S4000/PET30 material. The liner is also fully recyclable via Avery Dennison’s recycling program, available throughout Europe.

    ThinkThin paper–based products are now all FSC-certified and can be used in a wider variety of substrates, whether in food labelling or in other applications such as home and personal care. The MC70 paper facestock is lighter than the conventional MC Primecoat alternative, and is now available with new adhesive options that allow ThinkThin paper materials to cope with applications all the way from the cool room through to high speed room temperature labelling. Thermal labelling also receives a welcome boost: Thermal Thin 200LD is now available with S2000N permanent emulsion adhesive, allowing higher speed application.

    To find out more about the extended ThinkThin portfolio and to read the lifecycle assessment analysis for all ThinkThin products, go to label.averydennison.eu/thinkthin.
    (Avery Dennison Label and Packaging Materials Europe)
     
    01.08.2013   Divestment of paper machine in Gävle completed     ( Company news )

    Company news Picture: Gävle mill

    BillerudKorsnäs’ divestment of paper machine PM2 at the Group’s Gävle production unit, to SwedPaper AB has been approved by the appropriate competition authorities and the transaction has now been completed.
    The transaction fulfils the requirement set by the European Commission for approval of the combination between Billerud and Korsnäs, and PM2 at the Gävle unit has now been divested to SwedPaper. Other operations at the Gävle production unit will not be affected by the sale and will remain unchanged in BillerudKorsnäs’ ownership.
    Following the divestment, BillerudKorsnäs will, for example, supply input items such as pulp, steam and water to SwedPaper. BillerudKorsnäs will sell to SwedPaper an annual volume of pulp amounting to a maximum of 66 000 tons. Pricing for the pulp will be in line with the market. As of 1 August 2013, sales of pulp to PM2 will be accounted for in the Packaging Paper Business Area. Before the divestment, the operations of PM2 had been accounted for at BillerudKorsnäs under Other units.
    The divestment was described previously in press releases dated 6 May 2013 and 12 June 2013.
    (BillerudKorsnäs AB)
     
    31.07.2013   Heidelberger Druckmaschinen AG Annual General Meeting for Financial Year 2012/2013    ( Company news )

    Company news Picture: Gerold Linzbach, CEO of Heidelberger Druckmaschinen AG, at the Annual General Meeting for financial year 2012/2013 held at the Congress Center Rosengarten in Mannheim.

    -AGM elects shareholder representatives to the Supervisory Board
    -Robert Koehler confirmed as Chairman of the Supervisory Board
    -All items on the agenda agreed by a large majority

    Around 1,750 shareholders participated in the Annual General Meeting of Heidelberger Druckmaschinen AG (Heidelberg) for financial year 2012/2013, which was held at the Congress Center Rosengarten in Mannheim. Around 32 percent of the company's share capital was represented at the event.
    The Management Board discussed the company's strategy and the balance sheet for the past financial year (April 1, 2012 through March 31, 2013). Dr. Gerold Linzbach, CEO of the company, made his first speech to the shareholders of Heidelberg. In it, he analyzed where he feels Heidelberg is at and then highlighted where the company is heading in the medium term.
    Approval from the company's shareholders was needed for five of the six items on the AGM's agenda. These included the election of Supervisory Board members. For the resolution covering the appointment of members of the Supervisory Board, the large majority of the eligible voters agreed with the proposed candidates. At the constituent meeting of the new Supervisory Board that took place after the AGM, Robert Koehler, 64, was re-elected as the Chairman of the Heidelberg Supervisory Board until 2018. Shareholders also voted on a further four resolutions with a clear majority.
    The Supervisory Board will comprise only twelve members in the future in accordance with the Memorandum and Articles of Association and the German Co-Determination Act (Mitbestimmungsgesetz). The members who represent shareholders were to be elected by the AGM as set out in the German Stock Corporation Act (Aktiengesetz) regulations. The six employee representatives were elected as set out in the German Co-Determination Act during a separate procedure prior to the AGM. The new term of office begins when the AGM ends on July 23, 2013.
    (Heidelberger Druckmaschinen AG)
     
    31.07.2013   Pratt Industries Conyers Mill Produces Its 6 Millionth Ton of 100% Recycled Paper     ( Company news )

    Company news Pratt Industries has just celebrated another major milestone – its Conyers mill has produced its 6 millionth ton of 100% recycled paper.
    The Conyers facility, the first Pratt-built mill in the USA, reached the landmark number on July 24th – 18 years after start-up. Ironically, the 6 millionth ton was 26-pound – as was the first ton back in 1995.
    Since then, the mill has saved the equivalent of more than 100 million trees and prevented 480 million truck loads of discarded paper from possibly going to landfill.
    Pratt CEO Brian McPheely extended a company-wide “well done” to the Conyers team.
    “This is another great day for both Pratt Industries and all the people who have worked at the mill over the years,” he said. “Congratulations to you all. Wow! Over 6 million tons of paper – well done and thank you!”
    Mill manager Allen Bowdler echoed those sentiments, saying the milestone was a tribute to hard work and dedication.
    “This type of achievement is a reflection of the dedication and effort put forth by all of the Pratt Paper 12 team members, past and present,” he said. ”It’s my honor to have been part of this team and I couldn’t be more proud of all those who contributed.”
    (Pratt Industries)
     
    31.07.2013   SCA Interim Report Q2 2013    ( Company news )

    Company news JANUARY 1–JUNE 30, 2013 (compared with same period a year ago)

    Picture: President and CEO Jan Johansson

    -Net sales rose 12% (19% excluding exchange rate effects and divestments) to SEK 44,531m (39,763)
    -Operating profit excluding items affecting comparability rose 11% (16% excluding exchange rate effects) to SEK 4,361m (3,939)
    -Profit before tax, excluding items affecting comparability, rose 18% (22% excluding exchange rate effects) to SEK 3,884m (3,292)
    -Items affecting comparability amounted to SEK -791m (-410)
    -Earnings per share were SEK 3.22 (3.58)
    -Cash flow from current operations was SEK 1,997m (3,067)

    CEO’S COMMENTS
    The hygiene operations are showing higher sales and earnings. The decrease in earnings for Forest Products is mainly attributable to lower prices and negative exchange rate effects as a result of the stronger Swedish currency.
    The efficiency programs in the hygiene and forest products operations are continuing according to plan.
    Consolidated net sales for the first half of 2013, excluding exchange rate effects and divestments, rose 19% compared with the same period a year ago. The increase is mainly attributable to acquisitions and higher volumes in the hygiene operations. Operating profit excluding items affecting comparability and exchange rate effects rose 16%. Acquisitions, higher volumes, lower raw material costs and cost savings contributed to the earnings improvement. The corresponding profit for Personal Care and Tissue rose 17% and 37%, respectively, while profit for Forest Products decreased by 34%. Profit before tax, excluding items affecting comparability and exchange rate effects, rose 22%.
    Consolidated net sales for the second quarter of 2013, excluding exchange rate effects and divestments, rose 18% compared with the same period a year ago. The increase is mainly attributable to acquisitions and higher volumes in the hygiene operations. Operating profit excluding items affecting comparability and exchange rate effects rose 5%. Acquisitions, higher volumes and cost savings contributed to the earnings improvement. The corresponding profit for Personal Care and Tissue rose 3% and 33%, respectively, while profit for Forest Products decreased by 42%. Profit before tax, excluding items affecting comparability and exchange rate effects, rose 11%.
    In connection with SCA’s acquisition of Georgia-Pacific’s European tissue operations in 2012, the European Commission set conditions for certain divestments of consumer tissue businesses. The European Commission has now approved all of SCA’s divestments. The businesses in question represent combined sales of approximately EUR 200m.
    (SCA Svenska Cellulosa Aktiebolaget)
     
    31.07.2013   Double A Alizay mill exports ‘made in France’ paper to Dubai, UAE    ( Company news )

    Company news After the successful recommissioning, Double A Alizay is now producing and exporting high quality paper that matches the Double A quality standards to key markets in Europe, the Middle East and North Africa.

    “The first consignment to the Middle East is a proof of a successful restart and we are proud of this achievement”, said Thirawit Leetavorn, Double A Senior Executive Vice President, who also shared that this achievement is the fruit of a very good team work and positive spirit of French and Thai teams at all levels.

    Six containers of high quality paper were shipped out of the Port of La Havre end of July and are expected to reach the Port of Jebal Ali in Dubai by third week of August. More shipments out of Alizay to other Double A key markets will soon follow.

    “This is just the beginning of our commitment to growing the brand in Europe by making France our production base. France is a strategic location and Double A’s acquisition of Alizay is a strategic move to strengthen our global reach and to get closer to our customers”, added Mr. Leetavorn.

    Double A Alizay mill has begun producing premium quality paper brands four months after the signing of the deal with the Conseil General de l’Eure. All of this high performance coated and uncoated papers are produced using short fiber from KHAN-NA, Double A’s sustainable pulp from Thailand.
    (Double A (1991) Public Company Limited)
     
    31.07.2013   Data Monitoring: Easy, versatile and precise     ( Company news )

    Company news The T&D Corporation releases a new data logger model for the European market to facilitate CO2 measurements inside manufacturing plants and public or agricultural buildings.

    The wireless CO2 recorder RTR-576 from T&D Corporation is a three-channel data logger designed to simultaneously measure and record CO2 concentration, temperature and humidity. Monitoring CO2 levels enables users to identify under-ventilated areas – the source of most air quality complaints – and allows the necessary steps to be taken to maintain optimum air quality. The logger can also help to identify energy saving options in over-ventilated spaces.

    With its internal NDIR sensor, the new model achieves CO2 measurements from 0 to 9,999 parts per million. Automatic atmospheric pressure adjustment for each location ensures that CO2 measurements are stable and accurate. Humidity and temperature from 0 to 99 per cent relative humidity and -30 to 80° Celsius are captured by a high precision sensor. The data logger can store up to 8,000 data sets at arbitrarily chosen intervals, and its specialist software enables data from all three channels to be viewed simultaneously in graph or table form. The RTR-576 also features flexible recording and battery operation.

    In combination with a networked RTR 500 series base station, the RTR-576 enables users to upload current readings to the T&D WebStorage Service and to monitor them via a PC or mobile device from anywhere in the world at any time. The necessary software and a storage capacity of up to 20 MB on the company owned server come free of charge. Depending on the base station model and data collector being used, communication via USB or LAN networks is possible.

    There is growing awareness throughout Europe of the need to monitor CO2 levels within buildings to help determine indoor air quality (IAQ), and recommended guidelines exist for public buildings such as schools and office facilities. Areas with poor ventilation can lead to an increase in CO2 levels, which can cause concentration disorders as well as health problems. Monitoring CO2 and climatic conditions like temperature and humidity is also important for buildings that house valuable goods, such as museums, greenhouses, processing areas and livestock barns.
    (T&D Corporation European Sales Office)
     
    30.07.2013   SinoCPMC and PMT Italia will supply the new Liner machine to SiHai Paper Co. in ...    ( Company news )

    Company news ... Fuzhou, JiangXi China

    China Paper Machinery Corporation, part of the Sinolight Corporation, selected PMT Italia as partner to supply the new liner machine to SiHai Paper Co. in Fuzhou, JiangXi province in China.
    PMT Italia will supply the dilution headbox ÆGO™STREAM S, the shoe press ÆGO™FLX SHOE, ÆGO™FLX COUNTER ROLL, as well as additional engineering related to other parts. CPMC will engineer the remaining parts of the project and manufacture these parts in CPMC’s very modern new manufacturing plant in China.
    PMT and CPMC have assigned a specific team made by Italian and Chinese engineers to work together with SiHia Paper papermakers.
    The project consist in a green field new 6,2m machine to produce Test Liner and Fluting from recycled fibers.
    Paper machine startup is forecasted in the second quarter of 2014.
    (PMT Italia S.p.A.)
     
    30.07.2013   Clearwater Paper Reports Second Quarter 2013 Results    ( Company news )

    The company reported net sales of $471.0 million for the second quarter of 2013, compared to net sales of $473.6 million for the second quarter of 2012. Net earnings for the second quarter of 2013 were $11.7 million, or $0.52 per diluted share, compared to net earnings of $21.5 million, or $0.91 per diluted share, for the second quarter of 2012. Net earnings for the 2013 period included a $1.1 million benefit associated with the mark-to-market impact of directors' equity-based compensation and $1.0 million of expense associated with the announced closing of the company's Thomaston, Ga., converting and distribution facility. Excluding those items, second quarter 2013 net earnings were $11.6 million, or $0.51 per diluted share. For the second quarter of 2012, excluding $1.0 million of expenses associated with the Metso litigation, a $1.0 million loss associated with the sale of legacy Cellu Tissue foam manufacturing assets and $0.3 million of expense associated with the mark-to-market impact of directors' equity-based compensation, net earnings were $23.0 million, or $0.97 per diluted share.
    Earnings before interest, taxes, depreciation and amortization, or EBITDA, was $53.0 million for the second quarter of 2013. Adjusted EBITDA of $52.8 million was down 20.6% compared to second quarter 2012 Adjusted EBITDA of $66.5 million. The decrease in EBITDA and Adjusted EBITDA was due to higher transportation and purchased paper costs in the Consumer Products segment as a result of the through-air-dried (TAD) transition, as well as overall higher energy, wages and benefits, and maintenance costs.

    "Our focus on internal execution in tissue and strong fundamentals in paperboard drove the quarter's solid progress in EBITDA. Our new TAD tissue facility in Shelby, N.C., continues to ramp up consistent with our expectations," said Linda Massman, president and chief executive officer. "As a result, we continue to anticipate achieving our $300 million adjusted EBITDA target in 2014."

    During the second quarter, the company repurchased approximately 205,000 shares of common stock at a total cost of $9.8 million pursuant to its previously announced $100 million share buyback program. Since announcing the program in January, the company has repurchased approximately 1.0 million shares. The company expects to use the balance of its overall $100 million share repurchase program by the end of 2013.

    SECOND QUARTER 2013 SEGMENT PERFORMANCE
    Consumer Products
    Net sales in the Consumer Products segment were $289.7 million for the second quarter of 2013, up 2.3% compared to second quarter 2012 net sales of $283.1 million. The increase was primarily attributable to higher selling prices, with volumes flat year over year. Operating income decreased to $14.8 million from $25.7 million in the prior year period, driven primarily by short-term transition costs of $4.2 million associated with the company's TAD expansion. Operating income was also adversely impacted by expenses related to the announced closure of the company's Thomaston facility, higher energy and packaging costs, and increased depreciation year over year.
    Tissue sales volumes of 132,057 tons in the second quarter of 2013 were roughly flat compared to the second quarter of 2012. Retail tons and converted product cases shipped increased 3.5% and 3.8%, respectively, with non-retail tons dropping 5.7% during the second quarter of 2013.
    Average net selling prices increased 3.1% to $2,194 per ton in the second quarter of 2013 compared to the second quarter of 2012, due to increased TAD sales, improved mix, and parent roll and away-from-home price increases during the second quarter of 2013.
    TAD transition costs included increased transportation, manufacturing and outside purchased paper costs associated with the increased conventional tissue sales the company took on to help offset the displacement of conventional sales expected by the ramp up of the company's new Ultra TAD bathroom tissue product in 2013.

    Pulp and Paperboard
    Net sales in the Pulp and Paperboard segment were $181.3 million for the second quarter of 2013, down 4.8% compared to second quarter 2012 net sales of $190.5 million. The decrease was primarily due to lower paperboard volumes driven by short-term production issues and lower pricing in the second quarter of 2013 compared to the second quarter of 2012. Operating income for the quarter decreased $7.2 million to $24.8 million, compared to $32.0 million for the second quarter of 2012, primarily due to higher energy and employee costs as well as operational disruptions at the company's Arkansas facility in the second quarter of 2013.
    Paperboard sales volumes decreased 1.4% to 190,518 tons in the second quarter of 2013, compared to the second quarter of 2012.
    Paperboard net selling prices decreased 3.0% to $946 per ton compared to the second quarter of 2012 as a result of competitive pressures across most product segments.
    An electrical disruption and operational issues with maintenance and repairs performed on the recovery boiler in Arkansas in the second quarter of 2013 resulted in increased costs of approximately $2.9 million during the quarter.

    Taxes
    The company's effective tax rate for the second quarter of 2013 was a provision of 37.4%, compared to a provision of 39.2% in the second quarter of 2012. The lower effective rate was primarily the result of a return to provision true up partially offset by interest accrued on uncertain tax positions in the reporting period. The company expects its annual effective tax rate to be approximately 38% for 2013.

    Note Regarding Use of Non-GAAP Financial Measures
    In this press release, the company presents its results for the second quarters of 2013 and 2012, including EBITDA, Adjusted EBITDA, adjusted net earnings and adjusted net earnings per diluted share excluding special items. These amounts are not in accordance with generally accepted accounting principles (GAAP), and accordingly reconciliations to net earnings and net earnings per diluted share as determined in accordance with GAAP are included at the end of this press release. The company presents these amounts because management believes they assist investors and analysts in comparing the company's performance across reporting periods on a consistent basis by excluding items that the company does not believe are indicative of its core operating performance.
    (Clearwater Paper Corporation)
     
    30.07.2013   KBA takes over Kammann Maschinenbau GmbH in Bad Oeynhausen    ( Company news )

    Company news Further expansion into the growing packaging market

    Picture: Kammann’s headquarters in Bad Oeynhausen, Germany

    Following the planned takeover of Flexotecnica, an Italian press manufacturer active in the growing print market for flexible packaging (film) in February, Koenig & Bauer (KBA) now announces a further acquisition in a luxury segment of the packaging printing sector.
    KBA is continuing its successful niche strategy with the majority takeover of Kammann Maschinenbau GmbH in Bad Oeynhausen, Germany. The world’s second-largest press manufacturer aims to expand into this growing market to counteract the shrinking sales volume of web presses for publications heavily affected by the advance of online media.
    Koenig & Bauer takes over 85% of Kammann Maschinenbau GmbH. The previous majority shareholder, private equity firm Perusa in Munich, has successfully restructured and realigned this medium-sized press manufacturer over the last years. Kammann’s two managing directors will continue to hold a 15% stake. All parties have agreed not to disclose any further details concerning the takeover at this time. The acquisition is still subject to minor formal conditions.
    Kammann mainly offers presses for decorating hollow containers made from premium-quality glass, plastic and metal. Along with screen printing, Kammann’s precise and flexible transport systems can also be equipped with hot-stamping, digital printing and decorating processes. The company also has a substantial service business. In systems for directly decorating glass containers Kammann is the global market leader. The firm, which has almost no own production facilities, was founded in 1955 and has a total of 175 employees. In 2012 it generated annual sales of over €30m ($39m) and posted a net profit.
    Directly decorated glass containers are mainly used for cosmetics, perfume and spirituous beverages in the top price class. Premium glass packaging is a growing business even in threshold countries, such as China, Brazil and Russia. It is regarded as a differentiation medium and is continually gaining importance as a status symbol compared to cheaper alternatives. Market forecasts predict above-average growth for this segment. From a process point of view, direct printing with high-quality screen printing systems is the most challenging and costly finishing method due to the mechanic handling of different forms of glass containers. These technological demands prevent newcomers from entering this luxury segment which is serviced by very few manufacturers. On supermarket shelves directly decorated glass containers for premium perfume or beverage brands compete with more simply labelled containers for cheaper brands. These are often undervalued by customers looking for luxury goods. While direct printing of containers is a new territory for KBA, the group is already well-established in some areas of label printing and other packaging forms. Management therefore views this acquisition as a useful addition.
    (Koenig & Bauer AG (KBA))
     
    30.07.2013   Ence saw its profits rise by 90% in the first half thanks to the strong performance of ...    ( Company news )

    Company news ...the pulp business

    Strong international growth in demand drives up the price of pulp
    -Ence has taken advantage of the demand in the pulp market, in which it continues to improve its market share, to increase its net profit to €30 million between January and June.
    -The growth of demand in the USA (+7.7%), Europe (+2.2%) and Japan (+4.4%) has driven up the average price of pulp to 820 dollars, 9% higher than the average for the same period in the previous year.
    -Pulp sales grew by 10% compared to the first half of 2012, to €309 million.
    -Ence has closed the first six months of the financial year with a share of 15.9% in the European market, 130 base points higher than in the first half of 2012.
    -Despite the difficulties of the exercise, Ence adjusts their costs and improve its efficiency thanks to the cost-cutting efforts and the progress made by the company in the implementation of its management model.
    -The addition of the Huelva biomass plant has allowed Ence to increase its income from electricity sales by 30%, to reach €125.4 million. Total sales of electricity stood at 932 million kWh.
    -Ence has reduced its net financial debt by 47% since June 2012, to reach €88 million, thanks to the sale of the assets in Uruguay, the good operating result and the reduction in working capital.

    Ence has ended the first half of 2013 with a net profit of €30.3 million, 90% higher than in the same period in 2012. The company has taken advantage of the strong performance of the international pulp market, in which it has continued to increase its market share, and it has also benefited from the contribution made by the new Huelva biomass power plant.
    The strong performance of the group's accounts, with an increase of 12% in total income to €439.2 million, has also allowed for a significant reduction in net financial debt with recourse, by 47%, from €166.8 million in June 2012 to €87.8 million at the close of the first half of the current financial year. As a result, and also thanks to the issuing of senior secured notes for €250 million in January, Ence has reinforced its position as the most financially healthy and solvent company in its sector.
    EBITDA during the period increased by 43% compared to the first half of 2012 to reach €91.8 million. The cash-cost stood at €357/t (+5%) due to the impact of the electricity regulations, although this improved by 1% compared to the previous quarter thanks to the active management of costs, improvement of efficiency and the progress made by the company in implementing its business model.

    Ence, European leader in the pulp sector
    Ence has increased its volume of sales of pulp in the first half by 5%, from 600,775 tons in 2012 to 628,048 in the current year. This increase is largely due to the growth in production at the plants in Huelva (+10%) and Navia (+4%). Of this total volume, Ence sent 584,000 tons to the European market, giving it a market share of 15.9%. This was an increase of 130 basis points compared to the close of the first half of 2012, with an increase in the number of customers in Europe of almost 9%, to 149.
    In the first half of the year Ence took advantage of the strong growth in the price of pulp in the international markets, which has been driven up by the international growth in demand for pulp, with significant growth in the USA (+7.7%), Europe (+2.2%) and Japan (+4.4%). The strength of the market allowed the average price for the sales of pulp to rise to $820/t, an increase of 9% compared to the average for the first half of the last financial year.
    The slight correction in pulp prices in July, largely caused by the seasonal effect of the stoppages for maintenance in many international paper plants, will be limited by the low inventory levels globally, particularly in Europe, the main market for Ence. European customer inventories are at an historic low of 19 days.
    The increase in the volume of sales, also made at a higher price, led to an increase in the income from the pulp business in the first half of 2013, rising to €309.5 million, 10% higher than in the first half of 2012.

    Huelva has boosted the energy business
    Ence increased its sales of electricity to June by 30%, to reach €125.4 million. This was due in part to the increase in the sale price, by 4%, but mostly to the activity of the Huelva biomass plant, which helped to increase the volume of electricity sales by 23%, after reaching 932 million kWh.
    The sale of electricity from Huelva 50MW reached 186 million kWh, a rate that, if it were to continue to the end of the financial year, would lead to annual sales exceeding the 287 million kWh initially forecast for the financial year. The main motives are the lower own-consumption (10% compared to the initial forecast of 13%) and the higher utilisation ratios, over 90%.

    The most financially healthy and solvent company in the sector
    Ence closed the first half of 2013 with a net financial debt with recourse of €88 million. This was a reduction of 47% compared to the close of June 2012 and of 23% compared to the close of the first quarter of 2013. The main drivers of this reduction were the strong cash generation in the pulp business and the disinvestments, particularly the sale of the assets in Uruguay, leading to income of €59 million. Total net financial debt, including project finance, fell by 14% to €191 million.
    With these figures, Ence has reinforced its position as the most financially healthy and solvent company in its sector internationally, with a net financial debt with recourse/EBITDA ratio for the last 12 months of 0.5 times. This position was partly due to the issuing of long-term secured notes in January of this financial year, which allowed it to repay the existing bank debt and extend the maturity profile of the debt. As a result of this issue, and the repayment of the existing debt (with the exception of €11 million in loans from public entities at reduced interest), there are no significant maturities until the 2020 financial year.
    (Grupo Empresarial ENCE S.A. Divisíon de Celulosa)
     
    30.07.2013   News of 2013 China International Paper Technology Exhibition    ( Company news )

    Company news The “2013 China International Paper Technology Exhibition and Conference”(2013 CIPTE) will be held in Beijing National Agricultural
    Exhibition Centre on September 23 to 25 , 2013. The exhibition is jointly organized by China Paper Association, China Technical Association of Paper Industry and China National Pulp and Paper Research Institute. With 13,000 square meters of exhibit space, the exhibition contents including: pulping and papermaking mechanical equipments, components, accessories, automation equipments and instruments; all kinds of commercial pulp, paper and paperboard; waste paper and waste paper-using technologies and equipments, etc.; papermaking chemicals; new technologies and equipments for environmental protection, energy saving, emission reduction and comprehensive application; raw materials and equipments for specialty paper.
    At present, the enlistment work is implemented smoothly, and many most influential companies in papermaking industry both at home and abroad have been ocially signed agreements to participate the expo, account for about 90% of the exhibit space.
    During the exhibition period, China Technical Association of Paper Industry will hold "2013 China Paper Technical Conference". The conference will make reports on China's economic trends and the status of China's paper industry from a macroeconomic point, as well as the hot topics and advanced technologies of China's paper industry, communicated with colleagues.
    (China Paper Association)
     
    29.07.2013   EFI Reports All-Time Record Revenue for the Second Quarter of 2013    ( Company news )

    Company news Revenue of $180M up 10% as More Customers Turn to EFI for a Competitive Edge

    Picture: Guy Gecht, Chief Executive Officer

    Electronics For Imaging, Inc. (Nasdaq:EFII), a world leader in customer-focused digital printing innovation, announced its results for the second quarter of 2013.
    For the quarter ended June 30, 2013, the Company reported record revenue of $180.3 million, up 10% compared to second quarter 2012 revenue of $163.9 million. Second quarter 2013 non-GAAP net income was $18.3 million or $0.38 per diluted share, compared to non-GAAP net income of $14.2 million or $0.30 per diluted share for the same period in 2012. GAAP net income was $9.4 million or $0.20 per diluted share, compared to $7.0 million or $0.15 per diluted share for the same period in 2012.
    For the six months ended June 30, 2013, the Company reported revenue of $351.7 million, up 9% year-over-year compared to $324.0 million for the same period in 2012. Non-GAAP net income was $34.0 million or $0.71 per diluted share, compared to non-GAAP net income of $28.3 million or $0.60 per diluted share for the same period in 2012. GAAP net income was $17.8 million or $0.37 per diluted share, compared to GAAP net income of $13.2 million or $0.28 per diluted share for the same period in 2012.
    "We could not have been more delighted with the record results the EFI team delivered in the second quarter as our product innovation continues to drive demand across our three segments," said Guy Gecht, CEO of EFI. "We look to maintain this momentum into the third quarter as customers increasingly turn to EFI to make their businesses more competitive."
    (efi Electronics For Imaging Inc.)
     
    29.07.2013   Pro Carton/ECMA Award 2013: record participation!    ( Company news )

    Company news Picture: Wilfried Duivenvoorden (Unilever), Stan Akkermans (Mars), Peter Klein Sprokkelhorst (Advisor of the Jury), Satkar Gidda (SiebertHead, Chairman of the Jury), Anne Harding (Marks & Spencer)

    The jury of the Pro Carton/ECMA Awards met recently and first impressions were very positive: with 49 companies and over 100 entries from 11 countries, more companies than ever before have participated, and not only from the carton industry, but the entire Packaging Supply Chain – 14 of which were absolute newcomers! In August, the finalists will be presented here on the E-news and the Pro Carton website. The prizes will be awarded on 19. September as part of the ECMA Congress in Dubrovnik.
    The interest in the Award for outstanding cartons has increased yet again. The Award attracts a broader base every year, with more participants from the carton industry and other sectors of the Packaging Supply Chain.
    It is important for Pro Carton to have all partners of Supply Chain involved – both as entrants as well as on the jury. This year too, the jury reflects the various positions of the Packaging Supply Chain. This allows the jurors to follow the entire pathway of a packaging, from the manufacturer to the shopping cart:
    -Satkar Gidda (SiebertHead) again took on the jury's chair and covered the design aspect.
    -Stan Akkermans (Mars) again represented the brand owners.
    -Wilfried Duivenvoorden (Unilever) joined the jury as a new member and covered aspects of the branded goods industry.
    -Anne Harding (Marks & Spencer) was also new to the jury and added many new impulses to the discussions as an expert on the retail trade.
    -Peter Klein Sprokkelhorst (packaging industry) again provided the jury with expert advice on the technical subtleties oft he entered cartons in his reliable style.

    Most noticeable this year, were the numerous outstanding combinations of sophisticated marketing concepts and exciting structural design. QR codes are also becoming standard elements on packaging.
    The submitted solutions demonstrated an unbelievable diversity of surface designs: and caertonboard offers so many more options than any other packaging material.
    (Pro Carton - The European Carton Promotion Association)
     
    29.07.2013   Mondi ranks first in mill performance in the EMGE cut-size survey 2013     ( Company news )

    Company news Color Copy (picture) also ranks first in brand awareness for colour applications in Europe

    International packaging and paper group Mondi ranks again first in mill performance with their Uncoated Fine Paper mills in the new EMGE cut-size industry survey for 2013. According to EMGE, a paper industry consultant in Europe, Mondi could even improve its top rating in 2011. For colour applications in Europe, Color Copy ranks first in brand awareness with more than double the mentions (48%) than the brand ranked second (22%), underpinning Color Copy’s position as a leading brand in the market. Snegurochka is likewise the best known brand in Russia, mentioned by 87% of all Russian participants. Four other Mondi brands were also listed among the top 10 in Russia.
    “We are really pleased with the results of the EMGE survey, particularly our mill performance being ranked first. But also the fact that Mondi UFP is the top scorer on what was ranked overall as the single most important factor in Western Europe – namely the reliability of delivery – was a confirmation of our efforts this past year,” said Johannes Klumpp. In terms of environmental policy, also a highly ranked criterion in Western Europe, Mondi was ranked 2nd. Mondi UFP’s outstanding customer service level was rated highest in Eastern Europe, where this criterion is ranked among the most important.
    The EMGE Mill and Mill/OEM Brand Benchmarking Survey covers the image of white cut-size paper mills and mill brands in Western and Eastern Europe in 2013. This report presents the results of an interview survey among the trade (Merchants, OEMs, Office Stationary Distributors) of the image of white cut-size paper mills and mill brands in Europe. The research focuses on mills and mill brands, awareness, factors of importance and product/mill performance.
    “It is the right way to go - to excel at what is important to the customers: reliable delivery of the right products with a strong environmental profile and excellent customer service – and we intend to continue doing so,” concluded Mr. Klumpp.
    (Mondi Europe & International Division)
     
    26.07.2013   Lithuania's GRIGISKES starts construction of new Toscotec tissue line    ( Company news )

    Company news Implementing the expansion of its paper business, Grigiskes AB has recently signed a contract with Toscotec for a new tissue line with a maximum capacity of 110 tpd.
    Grigiskes AB company group is one of the leading regional player, operating in pulp and paper, packaging and wood industries, employing around 900 employees, with a yearly turnover of EUR 84 Mio. Grigiskes AB is Lithuania’s only producer of tissue products, working in this type of business for 190 years.
    Company’s history counts since 1823, when the first paper manufactory was founded in Kuckuriskes that later years was incorporated into Grigiskes Group. Through many years the company was expanding and grew up into the biggest pulp and paper manufacturer in the Baltic Region. Today, Grigiskes Paper Mill is a private company belonging to the Grigiskes AB Group, operating 3 PMs with an annual tissue paper production of 28,000 tons.
    Grigiskes owns the brands called GRITE and GRITE PROFESSIONAL. Today, Grite is a renowned brand not only in Lithuanian market, but in all the surrounding countries as well. The focus of the brand is to create cosiness, comfort and safety to the consumer.
    Grite has a wide variety of consumer hygienic paper and away-from-home products: toilet paper, towels, napkins, handkerchiefs, folded towels, wiping paper, etc.
    With a market share of 41% for toilet paper and 33% for kitchen towels in Lithuania, this company exports more than 60% of production to 22 countries worldwide.
    In early 2011 the Company has already modernized the dry section of existing TM5 with the installation of a Toscotec Steel Yankee Dryer TT SYD-4200MM. The project was successful, with a 25% of energy savings and 40% of capacity increasement. The good cooperation between the two companies has driven the decision to continue with this new order.
    The new Toscotec’s line includes AHEAD-1.5S crescent former tissue machine with single-layer headbox, single press configuration and a Steel Yankee Dryer (TT SYD-15FT), machine auxiliaries including vacuum pumps, stock preparation plant for virgin pulp and electrification & control system. Milltech, Toscotec associate will be also deep involved in the project providing a natural gas heated hood with three stages heat recovery system, machine dust and mist removal system, hall ventilation system.
    A two unwind stands tissue slitter rewinder TT WIND-M and an automatic roll handling system complete the supply.
    The machine design speed is 1900 mpm with a net web width of 2750 mm. The project will be managed by Toscotec on an EPC (Engineering and Procurement) basis.
    The turnkey project will be focused on energy savings and low emission concepts with a great attention to the environmental issues. “For us, the environment is a main issue. We have been trying to reduce CO2 production for some years now, and we always remember that respect for the environment is an issue that many people have at heart in our country. So these are the main reasons why we recognize in Toscotec the right partner for our continuous growth” said Mr. Pangonis, President of Grigiskes Company Group.
    (Toscotec S.p.A.)
     
    26.07.2013   H M The Queen unveils innovative technology for recycling disposable coffee cups    ( Company news )

    Company news Picture: Patrick Willink (Operations Director) & Phil Wild (CEO) showing HM The Queen around the new facility.

    Until now, the plastic content of cups has made them unsuitable for use in papermaking. In the UK alone, an estimated 2.5 billion paper cups go to landfill. James Cropper’s recycling technology separates out the plastic incorporated in the cups leaving paper pulp that can be used in the highest quality papers.
    The new facility was being inaugurated by Her Majesty The Queen who is visiting James Cropper’s HQ in the English Lake District alongside Her Royal Highness, The Princess Royal.
    Disposable cups are made up of between 90 - 95% high strength paper with a 5% thin coating of polyethylene (plastic). After four years of development, James Cropper can now not only recycle the fibre content in cup waste but also recycle the plastic coating, giving a sustainable solution to the global problem of disposable cup waste.
    The process involves softening the cup waste in a warmed solution, separating the plastic coating from the fibre. The plastic is skimmed off, pulverised and recycled, leaving water and pulp. Impurities are filtered out leaving high grade pulp suitable for use in luxury papers and packaging materials.
    Mark Cropper, Chairman of James Cropper plc, said: “Cup waste is a rich source of high grade pulp fibre, but until now the plastic content made this product a contaminant in paper recycling . Our technology changes that and also addresses a major environmental waste problem and accompanying legislation. We are greatly honoured that Her Majesty The Queen and The Princess Royal are joining us on the occasion of our new plant opening. There is no more fitting way to celebrate this pioneering development”
    Phil Wild, CEO of James Cropper plc added: “This is the latest in a long history of innovation that has kept James Cropper ahead of the game for nearly 170 years and six generations. We were one of the world’s first producers of coloured papers, today the preferred choice for packaging of numerous global luxury brands, from fashion houses and champagne producers, such as Krug, to smartphone giants and department stores like Selfridges. We were also a pioneer in the production of paper-like non-woven materials from carbon and other fibres.”
    (James Cropper Speciality Papers Ltd)
     
    26.07.2013   Successful Start-Up of the Greenpac Containerboard Mill    ( Company news )

    Company news Cascades Inc. (CAS:TSX), a leader in the recovery and manufacturing of green packaging and tissue paper products, is pleased to announce that Greenpac Mill LLC (Greenpac), manufactured its first roll of lightweight linerboard yesterday at its new ultra-modern containerboard mill. Greenpac is a corporation created by Cascades in partnership with the Caisse de dépôt et placement du Québec, Jamestown Container and Containerboard Partners.
    From the very beginning of the project in 2011, the construction of the mill was entrusted to Norampac, a division of Cascades, and the start-up took place on July 15, 2013 as planned under the initial schedule for the project. Norampac is also responsible for the management of Greenpac's operations.
    Located in Niagara Falls in the State of New York, this state of the art mill has created 118 jobs in the region. Considered as the most advanced in its category in North America, Greenpac produces a lightweight linerboard, made of 100% recycled fiber, on a 328-inch machine (8.33 meters), with an annual production capacity of 540,000 short tons.
    “The start-up of this new mill is a proud moment for Cascades. Equipped with the most advanced technology, this machine will enable us to better meet the needs of our customers.”, said Mr. Marc-André Dépin, President and Chief Executive Officer of Norampac. “After two years of intensive construction activity, we are anxious for the opportunity to finally be able to demonstrate the possibilities of the quality products that we will be able to offer.”, added Mr. Dépin.
    Greenpac Mill was designed for optimal energy efficiency and with many automated operations. The water is treated and reused in order to reduce consumption as much as possible. In addition, the water treatment system generates gases that are used for steam production, to dry the paper.
    “The Greenpac start-up confirms Cascades' long term commitment in the Containerboard sector, as well as our willingness to invest for the future.”, said Mr. Alain Lemaire, Executive Chairman of Cascades' Board of Directors. “Greenpac is the most important investment in the history of Cascades. It symbolizes the future of this company we founded nearly 50 years ago. Thanks to the audacity and leadership of the Norampac team, we are realizing a major project that will take our company to another level in packaging.”, added Mr. Lemaire.
    According to Mr. Mario Plourde, President and Chief Executive Officer of Cascades: “In 2011, we announced our intention to orient our investments towards the modernization of our assets. Greenpac is the cornerstone of Norampac's strategic plan which, like the other Cascades groups, works towards providing the company with modern and competitive equipment.”
    Cascades and Norampac wish to thank all of their employees and suppliers who worked on this important project during the last few years. “Thanks to their efforts, the members of the Greenpac team have greatly contributed to the realization of a dream we have had for a very long time.”, mentioned Mr. Dépin. He added: “We also want to thank our partners, namely the Caisse de dépôt et placement du Québec, Jamestown Container and Containerboard Partners.”
    The company also wishes to underline the important contribution of several actors in the carrying out of this project, namely Metso, the State of New York, the Empire State Development, the City of Niagara Falls, The Niagara County Industrial Development Agency, the New York Power Authority, and the New York Department of Environment Conservation.
    Now that the mill has successfully passed the crucial start-up step, it will now enter the ramp-up phase in which it will gradually increase its production until it reaches maximum production capacity. Partners, officials and the media will be invited to an official opening ceremony which will take place at a later date.
    (Cascades Inc.)
     
    26.07.2013   Italian folding carton manufacturer IVAL uses large-format press from Heidelberg to ...    ( Company news )

    Company news ...manufacture premium packaging

    Picture: Alfio Bernini (center), owner of the Italian packaging print shop IVAL, is happy together with his son Nicola Bernini und his daughter Corinna Bernini about the investment in a Heidelberg Speedmaster XL 145.

    -First Speedmaster XL 145 in Italy
    -Comprehensive tests satisfied stringent requirements for productivity and quality
    -Best gloss results on the market in inline primer/UV production
    -Further growth planned - production soon to start in new building

    Maximum productivity and quality were the order of the day when Italian packaging print shop Litocartotecnica IVAL S.p.A (IVAL) set out to invest in a new large-format press. After carrying out comprehensive tests on machines from a range of suppliers, the company opted for the Speedmaster XL 145 from Heidelberger Druckmaschinen AG (Heidelberg). The seven-color press with dual-coating configuration and UV technology - the first of its type in Italy - is currently being installed at the print shop's new building in Mantova, near Verona, where it will be run alongside two presses from another German manufacturer. "We had put together tricky jobs with three different brown shades," explains Nicola Bernini, who owns IVAL. "The Speedmaster XL 145 printed these applications at a speed of 15,000 sheets per hour and produced consistent and stable high-quality results. In other words, it did exactly what industrial packaging printing requires." The press is elevated, equipped with a logistics system, and incorporates countless automation components designed to deliver the shortest possible makeready times. These components include the inline spectrophotometric measurement system Prinect InpressControl, which regulates color and register on the fly, thus ensuring that production can continue to run efficiently despite frequent job changes. This also significantly reduces paper waste, which translates into a major cost saving, particularly in the premium packaging sector, and supports the print shop's environmental commitments.
    IVAL was established in 1954 and currently has a workforce of 120 employees who handle print jobs for prestigious Italian food manufacturers. The company specializes in the use of low migration quality (LMQ) inks that are designed not to leach into foodstuffs. Average runs at the company amount to 12,000 to 13,000 sheets with grammages of between 290 and 400 grams per square meter. Employees work in two shifts.
    Best gloss results on the market in inline primer/UV production
    "To help us gain an extra edge on the competition and offer our customers products that are finished to an elegant standard, we opted for UV specifications," says Paolo Giacomobono, head of production at IVAL. "The Speedmaster XL 145 currently produces the best gloss results that we can get in inline primer/UV production." Top results are obtained by maximizing the distance that the UV coating on the primer travels before it is cured by the UV dryers - and the Speedmaster XL 145 has the longest dryer section of any large-format offset printing press on the market. These high gloss results are also achieved at high production speeds.
    (Heidelberger Druckmaschinen AG)
     
    26.07.2013   Norske Skog: Stable quarter, brighter prospects    ( Company news )

    Company news Picture: Sven Ombudstvedt, President and CEO of Norske Skog

    Somewhat better margins in the quarter due to seasonal variations in demand and lower costs per unit as a result of ongoing efficiency programmes. Price increases and sustained depreciation of the Norwegian krone will improve the revenue base going forward. The ongoing investments at Boyer and Saugbrugs are progressing as planned and will improve margins at both mills from 2014.
    - Despite falling demand, we are experiencing high capacity utilisation of our machines and overall improved margins. This shows that our employees manoeuvre the ship well. However, we will actively continue our efforts to cut costs and improve productivity, and if necessary, close or convert paper machines, says Sven Ombudstvedt, President and CEO of Norske Skog.

    Norske Skog's gross operating earnings (EBITDA) in the second quarter of 2013 were NOK 214 million, down from NOK 398 million in the second quarter of 2012. The decrease was primarily due to lower selling prices and volumes. Cash flow from operating activities was NOK -48 million in the second quarter and was lower than the second quarter of 2012. The decrease was primarily due to weaker operating margins.
    - Permanent capacity cuts of more than a million tonnes have been announced in Europe this year as a result of the fall in demand. This, combined with expected price increases in the second half, continued favourable exchange rate development and stable raw material costs, contributes to a brighter margin outlook, says Ombudstvedt.

    Net interest-bearing debt increased by NOK 159 million in the quarter, mainly due to the weaker Norwegian krone. The previously announced divestment of 51% of Pisa in Brazil for USD 41 million was completed, and the proceeds were received in the second quarter. The level of fixed costs was NOK 784 million in the first quarter, down from NOK 964 million in the second quarter of 2012.

    Active capacity management
    The company's investment projects are progressing according to plan. AUD 84 million (NOK 480 million) is being invested in connection with the conversion of a machine at Boyer in Australia from production of newsprint to catalogue paper, and NOK 220 million is being invested at Saugbrugs in Norway to reduce energy consumption and fixed costs.
    As previously announced, Norske Skog has temporarily stopped production from the end of June at one of three machines (PM2) at Skogn in Norway. Annual production capacity for this machine is 160 000 tonnes. Due to the lack of profitability of magazine paper, LWC production will be subject to a separate capacity assessment in the third quarter.

    Outlook for 2013
    Price increases from the third quarter, the weaker Norwegian krone and seasonally higher sales volumes will improve the revenue base in the second half. Variable costs are expected to remain largely unchanged, whilst fixed costs will decline somewhat as a result of ongoing cost reduction programmes. The deconsolidation of Norske Skog Pisa following the divestment of 51% of the mill will cause a decline in reported revenue and costs from the third quarter.
    (Norske Skogindustrier ASA)
     
    26.07.2013   EBRD funds first private mill for production of recycled cardboard in Turkmenistan    ( Company news )

    Loan of US$ 5 million will help Toprak build new facility to produce cardboard out of recycled paper

    The European Bank for Reconstruction and Development (EBRD) is extending a US$5 million loan to Toprak, a leading manufacturer of cardboard packaging in Turkmenistan. The loan proceeds will finance construction of a greenfield paper-making facility that will produce cardboard from recycled paper. The new mill will be the first private paper recycling facility in Turkmenistan.
    Toprak is the largest producer of cardboard boxes and other containers in the country. It supplies a range of cardboard packaging products to around 130 clients in diverse sectors of the Turkmen economy, from textiles to food, chemical and other industries. The company’s first major expansion, in 2010, was partially financed with a US$ 1.5 million loan from the EBRD, which funded the purchase of a new automated folding line.
    The new facility will be capable of producing up to 25 tonnes of paper per day. Toprak plans to sell a third of this output and use the remaining two-thirds for its cardboard packaging production. Producing its own cardboard from recycled waste paper will significantly reduce Toprak’s reliance on imported cardboard. The venture will also have an environmental impact, reducing pollution and recycling waste paper which would otherwise be burnt. The company plans to promote paper recycling in major Turkmen cities.
    “The EBRD’s main priority in Turkmenistan is to support the private sector, and we continue to provide assistance and financing to local manufacturers. This loan will enable our existing client Toprak to integrate its production cycle by using modern recycling technologies and know-how,” said Frederic Lucenet, The EBRD’s Director for Manufacturing and Services.
    In addition to the loan, the EBRD also provided the company with technical cooperation for legal and technical due diligence. The Bank also funded consultancy services from international experts, as there are currently no local experts in the cardboard and paper industry.
    Since the start of its operations in Turkmenistan in 1994, the EBRD has invested over €177 million across 41 projects in various sectors of the Turkmen economy, mobilising an additional €470 million from other sources of financing. Ten of those projects were in the manufacturing and services sectors.
    (European Bank for Reconstruction and Development)
     
    25.07.2013   Ahlstrom announces price increases for vegetable parchment materials    ( Company news )

    Company news Ahlstrom, a global high performance fiber-based materials company, announces price increases on its vegetable parchment materials produced by the Food and Medical business area. The price increases will be made to compensate for the continued high level of raw material costs as well as energy related inflation.
    The price increases will affect all vegetable parchment products worldwide and will be effective for all orders placed as of August 1, 2013. The increase will be up to 5% depending on markets as well as the product and the agreements in place.
    Ahlstrom's vegetable parchment products include food packaging materials for cooking, baking and wrapping. Food and Medical business area's main end-use applications are teabags, coffee filters, food packaging, baking papers, masking tape and surgical gowns and drapes.
    (Ahlstrom Corporation)
     
    25.07.2013   Leading North African Converter Invests In MarquipWardUnited TSKM Sheeter    ( Company news )

    Company news Picture:Left to right: Mehdi Alami, (Director, DICAPA), Frederic Duquenne, (MarquipWardUnited), Mohammed Alami,(President, DICAPA) and
    Steve Brimble (MarquipWardUnited)

    DICAPA, a leading board and fine paper converter in North Africa, has invested in a 1450mm TSKM sheeter from MarquipWardUnited. With this significant order, the Morocco-based company can further its aims to improve business with the highest technology available for the market. DICAPA currently has three other sheeters, but a need for improved performance lead the company to the TSKM.
    DICAPA made the final decision to purchase the TSKM at ICE Europe 2013 in Munich, Germany. The sheeter will ship this July and installation will take place the following month.
    “DICAPA is a key player in North Africa and we are proud to install the best cutting technology in Morocco,” says Frederic Duquenne, sales executive for Western Europe and Africa.
    The 1450mm maximum width dual rotary sheeter (also available in 1650mm) is equipped with one SSLD unwind for two webs, three slitters, the Marquip synchro knife and 1,500mm pile height stacker.
    The TSKM will mainly sheet board, but can sheet fine paper as well. DICAPA appreciated the flexibility of the MarquipWardUnited Sheeter and the possibility of future developments.
    “MarquipWardUnited has the best knife, with the best cut quality, no dust, in-machine blade sharpening, low maintenance, and local technical support from the MarquipWardUnited United agent at Graphic Evolution.” Stated, Mr. Mechiche Alami, Chairman of DICAPA.
    (MWU MarquipWardUnited Inc. Corporate Headquarters)
     
    25.07.2013   KapStone Completes Acquisition of Longview Fibre Paper and Packaging Inc.    ( Company news )

    Company news KapStone Paper and Packaging Corporation (NYSE: KS) announced that it has completed the stock purchase of Longview Fibre Paper and Packaging, Inc. ("Longview"). Longview, headquartered in Longview, WA, is a leading manufacturer of high quality containerboard, lightweight high performance multiwall paper, specialty Kraft papers, and corrugated products. Longview employs about 1,800 people.
    "Today we are welcoming Longview's team as the newest members of KapStone," stated Roger W. Stone, Chairman and Chief Executive Officer. "The Longview team orchestrated a transformation that is truly, in my experience, the most amazing that I've actually ever seen in my 55 years in the industry. We're thrilled and delighted to officially have them with us."
    Matt Kaplan, KapStone's President and Chief Operating Officer, further stated, "Longview continues to demonstrate their excellence by delivering outstanding results. In the second quarter, Longview's revenues and adjusted EBITDA of $228 million and $49 million, respectively, yielded an adjusted EBITDA margin of 20.7 per cent, one of the best in the industry. Even more notable was that they achieved these results despite incurring $4.3 million of expense for their once every five year planned mill maintenance outage performed in April. June was particularly strong as adjusted EBITDA for the month exceeded $19 million benefitting from the partial implementation in the quarter of the $50 per ton containerboard and associated box price increases."
    Funding for the acquisition came from borrowings under the $1.675 billion amended and restated senior secured credit facility led by Bank of America, Barclays Bank, and Well Fargo Bank. The amended facility now consists of Term Loan A-1 of $805 million maturing over five years, Term Loan A-2 of $470 million maturing over 7 years with one per cent amortization in each of the first 6 years with the remaining principal due at the end of year seven, and a $400 million revolving credit facility. The initial blended interest rate will be 2.6% as determined from the LIBOR based pricing grid, and the rate is subject to change over the life of the loans as LIBOR rates and KapStone's debt to EBITDA ratio change.
    Under the terms of Longview's existing $480 million, 8 percent senior secured notes, current noteholders will be notified shortly regarding redemption of the notes, including a 4 percent change of control penalty. The redemption is expected to take 30 days.
    (KapStone Paper and Packaging Corporation)
     
    24.07.2013   Pöyry PLC: Pöyry reduces net sales outlook for 2013 - outlook for operating profit remains...    ( Company news )

    ... unchanged

    Pöyry has a solid pipeline of order prospects. Unexpected delays in corresponding contract awards have, however, impacted the development of revenues, particularly in the Industry sector where exceptionally large projects had been recorded during the first half of 2012. Hence, contrary to earlier estimates, the Group's net sales are likely to fall short of 2012. Outlook for the Group's operating profit remains unchanged.

    Current outlook for 2013:
    The Group's net sales in 2013 are likely to fall short of 2012. Operating profit is expected to increase. Operating profit 2013 is compared to 2012 numbers which exclude restructuring costs.

    Outlook as published in the Financial Statements released 6 February 2013:
    The Group's net sales in 2013 are expected to increase compared with 2012 and operating profit in 2013 is expected to increase compared with the operating profit excluding restructuring costs in 2012.
    (Pöyry Plc)
     
    24.07.2013   Packaging Corporation of America Announces Paul T. Stecko to Become ...    ( Company news )

    ...Non-Executive Chairman at Year End

    Packaging Corporation of America (NYSE: PKG) announced that Paul T. Stecko will continue to serve as the company’s executive chairman until his retirement on December 30, 2013, at which time he will become non-executive chairman of the company’s board of directors. As non-executive chairman, he will lead the activities of PCA’s board of directors. Mr. Stecko will also continue to serve the company on major strategic initiatives as well as important shareholder matters under an agreement that will run through December 31, 2015. Mr. Stecko has been PCA’s executive chairman since 2010 and served as chairman and CEO from 1999 to 2010.
    Commenting on the announcement, Mark W. Kowlzan, CEO of PCA, said, “In light of Paul’s vast experience and contributions to PCA, as well as our long-term relationship, I am very pleased that he will continue his leadership of our board of directors and involvement in our strategic efforts.”
    (PCA Packaging Corporation of America)
     

    RSS-News News RSS-News from paper-world.com - Add to Google! Page:    <<   1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29   >> 



    Buyers' Guide of Producers' and Converters' Products:
    Base papers and boards
    Board for packaging use
    Board, misc.
    Boxes, packages, etc.
    Corrugated boards
    Household and sanitary paper goods
    Household and sanitary papers for converting
    Office and exercise goods, general stationery
    Other converted paper and board products
    Paper and board for technical use
    Paper rolls all kinds
    Papers all kinds
    Papers and boards; coated, laminated, impregnated
    Papers for packaging use
    Printing, fine and writing board
    Printing, fine and writing papers
    Pulps and mechanical groundwood pulps
    Sacks, bags, carrier bags

    Buyers' Guide of Merchants:
    Base papers and boards
    Board for packaging use
    Board, misc.
    Boxes, packages, etc.
    Corrugated boards
    Household and sanitary paper goods
    Household and sanitary papers for converting
    Office and exercise goods, general stationery
    Other converted paper and board products
    Paper and board for technical use
    Paper rolls all kinds
    Papers all kinds
    Papers and boards; coated, laminated, impregnated
    Papers for packaging use
    Printing, fine and writing board
    Printing, fine and writing papers
    Pulps and mechanical groundwood pulps
    Sacks, bags, carrier bags

    Buyers' Guide of Suppliers' Products:
    Assembly and handling equipment
    Associations and institutions
    Chemicals and raw materials
    Cleaning plants, filtres and filtrations systems
    Drives, gears and motors
    Energy production, energy management
    Machine knives and accessories
    Machines and plants for the wood and pulp industry
    Machines and plants, misc. and printing machines
    Paper and board converting machines
    Paper and board machines and plants
    Paper machine felts and wires, woven wires, screens
    Planning, development and organisation, trade services
    Plants for preparation, dissolving, combusting, recovery
    Pumps all kinds
    Rollers and cylinders
    Test, measuring and control equipments
    Trade journals, magazines
    Ventilation systems; Drying plants
    Database | Map | Registration | Journal | News | Advertising | Publishing house products | Forum | Links | Publishing house
     

    © 2004-2014, Birkner GmbH & Co. KG  -   Last database update: 16.04.2014 17:37