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    21.11.2013   Munksjö to present its advances in release papers at LabelExpo Asia 2013    ( Company news )

    Company news Munksjö*, one of the world’s largest specialty paper companies, will exhibit at LabelExpo Asia 2013, December 3-6 in Shanghai, and will present to the Asian market its latest advances in release papers for the Pressure Sensitive Adhesive (PSA) industry. The most recent developments include the new Acti-V LEAF lightweight release paper for labelstock applications and the enlarged Silco portfolio for specific PSA graphics needs.
    Munksjö’s attendance at the largest label and package printing event in Asia demonstrates its willingness to support the PSA industry globally and meet the increasing demand of Asian markets for sustainable, high-performance solutions.
    New Acti-V LEAF 50 g/m2 is a lightweight glassine release paper with superior mechanical characteristics. Thanks to a tensile strength comparable to that of much heavier standard release papers, Acti-V LEAF enables to produce thinner and lighter PSA labelstock laminates, with no compromise on efficiency. And because it is manufactured with the Acti-V technology, it enables a revolutionary silicone anchorage with significant savings on energy and catalyst cost in the silicone formulations.
    For PSA wide-format graphics applications, Munksjö has recently added Silco Flat Premium and Silco Flat HB to its range of clay-coated release papers. Silco Flat Premium eases production process and application of the most sensitive vinyl and thin transparent films. Silco Flat HB is designed for plotter applications and enables precise film cut even with the most complex shapes.
    Other developments to be showcased at LabelExpo Asia are the new Silco Office 50 and 55 g/m² enlarging the offering of clay-coated release papers for office applications and the new dedicated range of release papers for pre-impregnated composites materials.
    Munksjö Release Liners Business Area is a global leading producer of release papers for the PSA industry. Its release papers are manufactured at sites in Europe and South America*. All of them are ISO 14001, FSC® and PEFC™ Chain-of-Custody certified. The offering of Munksjö Graphics and Packaging Business Area also includes specialty facestock label papers and base papers for metallized labels.

    *The combination of Munksjö AB and Ahlstrom’s Label and Processing business in Europe was completed May 27, 2013 to form Munksjö Oyj, one of the world’s largest global specialty paper companies. The second phase is expected to take place by end of 2013 for Ahlstrom’s LP activities in Brazil.
    (Munksjö Oyj)
     
    21.11.2013   GLV Group completes the sale of its business unit GL&V Fabrication located in Trois-Rivières    ( Company news )

    Company news Picture: Richard Verreault, President and Chief Executive Officer of GLV Inc

    GLV Inc. (GLV Group) announces the sale of its business unit GL&V Fabrication, located in Trois-Rivières, to a group of four members of the local management team.
    "For many years, we wanted to ensure a long-term future for all employees of this business unit. I am very confident that the new owners will manage to seize new market opportunities that will enable the new company to grow", said Richard Verreault, President and Chief Executive Officer of GLV Inc.
    This sale comes after GLV Group has said on several occasions over the past few years that manufacturing equipment was no longer a central sector of activity in its business strategy.
    GLV Group maintains business ties with the new company, for which a new name will be announced shortly.
    (GLV Group (GLV Inc.)
     
    21.11.2013   Tieto performs feasibility study for Munksjö regarding integrated IT support    ( Company news )

    Company news Tieto has made an agreement with speciality paper company Munksjö to perform a feasibility study regarding integrated IT solutions. The purpose is to make the company's supply chain more efficient, from order intake to production and final invoicing. The study is expected to be completed in early 2014.
    Munksjö Oyj is the result of the merger of Swedish Munksjö AB and Finnish company Ahlstrom's Label and Processing business area. Tieto has previously provided services to Ahlstrom. The assignment is made up of two parts: firstly, Tieto will be investigating an overall solution for the entire sales and order process at the Munksjö group, and secondly it will be reviewing the production processes at two Munksjö paper mills.
    The project will be supported by Tieto Integrated Paper Solution (TIPS), Tieto's solution for the paper industry. TIPS is used for all parts in the supply chain, including order management, stock planning, invoicing and transport cost management. TIPS modules are used in the production process to manage, monitor, identify and quality assure production.
    The sales and order handling process will also include the customised OrderPlan solution currently used by Ahlstrom.
    The possibility of introducing new shared solutions can help Munksjö become more integrated and efficient. "This exciting project will also allow us to analyse our processes in order to improve our business structure," says Krister Fredriksson, Vice President, IT at Munksjö. "Tieto has a sharp focus on the forest and paper industry and an interesting solution that we would like to evaluate."
    "We're delighted that Munksjö has entrusted us with this task. It strengthens our position as an established, reputable supplier of IT solutions in the Swedish market," says Mats Lidström, Key Account Manager, Tieto Sweden AB.
    (Tieto Sweden AB)
     
    20.11.2013   Ahlstrom announces price increases for masking tape base papers    ( Company news )

    Company news Ahlstrom, a global high performance fiber-based materials company, announces price increases on its masking tape materials produced by the Food and Medical business area. The price increases will be made to compensate for the continued high costs of raw materials and chemicals as well as energy related inflation.
    The price increases will affect all masking tape products manufactured in Europe effective December 15, 2013. The increase will be up to 4% depending on markets as well as the product and the agreements in place. Specific details will be discussed with each customer individually by the appropriate sales teams in the coming days.
    Ahlstrom offers the widest range of masking tape base papers for a perfectly sharp finish line and optimal protection on even the most delicate surfaces. Food and Medical business area's end-use applications include teabags, coffee filters, food packaging, baking papers, masking tape, surgical gowns and drapes, and sterile barrier systems.
    (Ahlstrom Corporation)
     
    20.11.2013   CITO LOCK - efficient and safe    ( Company news )

    Company news Our automatic safety lock prevents damage to your valuable stripping tool during transport and storage.

    CITO LOCK offers you the following advantages:
    -locking bolt made of 100 % break-proof material
    -prevents damage to your valuable stripping tools during transport
    -secure storage for tools
    -improved machine performance, less down time
    -convenient and safe handling
    -automatic safety lock
    -patented technology
    (CITO-SYSTEM GmbH)
     
    20.11.2013   Innovative Product Ideas Featuring Shorter Folded Signatures - World Premiere: TWE¦ƎNMC from ...     ( Company news )

    Company news ... Muller Martini Revolutionizes Thread Sewing

    Picture: World Premiere: The Ventura MC from Muller Martini is the first book sewing machine than can stitch in signatures of different sizes with accurate positioning.

    Muller Martini has set the stage for countless new and exciting ideas for thread-sewn products: thanks to the TWE¦ƎNMC option, smaller folded signatures can now also be stitched in a book block using the Ventura MC book sewing machine.
    From simple advertising messages to sophisticated coupon booklets or maps in guide books, with the new retrofittable TWE¦ƎNMC option smaller folded signatures can also be stitched in a book block. “Such shortened signatures, called tweens, provide great added value,” explains Jürgen Noll, Managing Director Marketing und Services of Muller Martini Book Technology GmbH. “They lend themselves for example to high-quality inlays in photo books or art books, or to conveying knowledge in textbooks in an interesting way.” New product ideas also arise from the possibility of stitching in signatures with different fold types, such as a double-parallel fold or a zigzag gatefold.

    World Premiere in Thread Sewing
    The Ventura MC is the first book sewing machine on the market that is capable of stitching products featuring signatures in different sizes and positions. An additional servo drive in the sewing saddle enables the tweens to differ both in length and width and to be variably positioned in the book block. “Thanks to the motion control drive design, the lug chain adjusts independently to the different sizes and the tweens can be processed entirely automatically,” adds Noll.

    Easy to Retrofit
    The TWE¦ƎNMC option was first unveiled at China Print 2013 in Beijing and attracted so much interest among visitors that many spontaneous purchases were made. New machines are already fitted with the new solution, and it is easily retrofittable on machines from the 2/11 series and onwards. For Ventura MC machines with an older year of manufacture, it is necessary to check individually whether an upgrade is possible.
    (Müller Martini Marketing AG)
     
    20.11.2013   MoveRoll Oy strengthens its organisation    ( Company news )

    Company news MoveRoll strengthens its organisation and appoints Jyrki Sairo as Head of Unit. Jyrki Sairo will commence his activities on 7.11. Jyrki’s foremost task is to serve as Unit Manager of MoveRoll Oy.
    Mikko Rantanen, MoveRoll Oy’s Chairman of the Board, will remain in office. In future, Mikko Rantanen will focus even more on customer relationship management and business development.
    “In the last five years, MoveRoll Oy has become a global supplier of paper roll handling equipment to the paper industry. Together with our international customers, we have started internationalization. I believe that this arrangement will benefit our customers, suppliers, and our employees. With the addition of Jyrki to our team, our operations become more organized and gain quality. For me, this arrangement means that I will have more time for managing our customer relationships, which is very important for me”, says Mikko Rantanen.
    Jyrki has a long history as Managing Director of industry suppliers. He has worked in several projects related to logistic and quality and has been responsible for change management. Appointing Jyrki Sairo as Head of Unit strengthens our expertise and our customer service.
    (MoveRoll Oy)
     
    20.11.2013   Pöyry PLC: Pöyry to start statutory employee negotiations in Finland    ( Company news )

    Company news Pöyry will start statutory employee negotiations in Finland in industry related business units of the Regional Operations and the Industry Business Group. These negotiations are aimed at reducing the overall capacity by approximately 200 people including layoffs and permanent reductions of some 25 people. The purpose of the negotiations is to adjust the capacity in Finland to the current market situation.
    Ongoing client projects will not be impacted by these adjustment measures.
    Statutory employee negotiations announced earlier on 10 October 2013 are currently progressing as planned.
    Pöyry employs over 2000 people in Finland.
    (Pöyry Plc)
     
    20.11.2013   Successful start-up of ANDRITZ deinking line at TNPL, India    ( Company news )

    Company news International technology Group ANDRITZ has started up the deinking system delivered to Tamil Nadu Newsprint and Papers Limited (TNPL) in Tamil Nadu, India.
    “We are very pleased that we have been able to complete this important project for TNPL and the Indian pulp and paper industry successfully thanks to ANDRITZ technologies and the good cooperation with ANDRITZ,” says Mr. S. Udayasankar, Chief General Manager (Projects) of TNPL.
    ANDRITZ PULP & PAPER has supplied a modern, 3-loop deinking system including two dispersers and a FibreFlow drum pulper for a capacity of 300 t/d. The furnish for the production of high-quality printing and writing paper comprises 80% SOP (Sorted Office Paper) and 20% OMG (Old Magazines).
    TNPL produces newsprint, printing, and writing paper from bagasse. The paper mill started its production in 1984 with an annual capacity of 90,000 t and increased production to 400,000 t by expanding and modernizing. This has made TNPL the world’s largest bagasse-based paper mill (handling about one million tons of bagasse every year). TNPL exports one fifth of its production to more than 50 countries.
    (Andritz AG)
     
    20.11.2013   Pulp mills and sawmills in Latin America had among the lowest wood costs in the world ...    ( Company news )

    ... in the 2Q/13, reports the Wood Resource Quarterly

    Declining costs for sawlogs and pulplogs in Brazil and Chile over the past few years have made the forest industry in the two countries quite competitive. In the 2Q/13, pulplog prices in both countries were among the lowest in the world and sawlog Prices were substantially below the Global Sawlog Price Index GSPI, according to the Wood Resource Quarterly.

    The wood costs for pulp and lumber manufacturers in the two largest producing countries in Latin America, Brazil and Chile, have fallen during much of 2012 and 2013, and were in the 2Q/13 at the lowest levels in over two years, according to the Wood Resource Quarterly (www.woodprices.com). The two countries currently have some of the lowest wood raw-material costs in the world, and since these costs account for 55-65% of the production costs when manufacturing pulp and lumber, it makes the industry quite competitive in the export market.
    In Brazil, prices for both sawlogs and pulplogs have come down substantially in US dollar terms the past few years. The average pine sawlog price is currently over 20% below the record high levels reached in 2011. This sharp price decline is more a reflection of a weakening Brazilian Real than any dramatic price changes in the local currency. The current sawlog costs, which were about 30% below the global sawlog index GSPI, makes Brazilian sawmills very competitive. Although Brazil is a minor, player in the global lumber export market, the country has expanded sales to the US, which is by far the largest consumer of Brazilian softwood lumber, this year, with shipments in the 3Q/13 reaching their highest levels in over two years.
    Prices for pulpwood in Brazil have followed a similar trend to those of sawlogs, with sharp declines in US dollar terms but only modest declines in the Brazilian Real the past year. Current pulplog price levels have not been seen in almost five years, and the Brazilian pulp industry has become much more competitive compared to a few years ago.
    Prices for pine sawlogs in Chile have been surprisingly stable in 2012 and 2013 despite higher log demand from sawmills the past year both because of a stronger domestic market and increased exports. Chile is about the tenth largest exporter of softwood lumber in the world and shipments to China, Japan and the US were all up the first half of 2013 as compared to the same period in 2012.
    Pulplog prices in Chile have also fallen, with the 2Q/13 prices being about eight percent lower than in the 2Q/12. The average cost for Eucalyptus fiber in Chile is currently the lowest in all countries tracked by the WRQ, making the country’s pulp mills some of the world’s lowest cost producers of hardwood market pulp.
    (WRI Wood Resources International LLC, Wood Resource Quarterly (WRQ))
     
    20.11.2013   World Biomass Power Markets - 3-5 February 2014, Amsterdam    ( Company news )

    Company news We are pleased to announce that the full agenda and speaker listing for the World Biomass Power Markets conference and exhibition is now available

    To get the latest updates on:

    - The BioPower Producers Panel – some of the leading biomass power producers debate the critical market issues that confront the sector
    - Our co-firing, conversion and retrofit case studies
    - Finance and Investment Panel Debate - how to present financially closable projects to banks and investors
    - The Great Sustainability Debate – A unique, multi-stakeholder panel where our speakers will come together as an industry to make sure the facts are out there
    - The Pre-Conference UK Focus Day - featuring UK experts who will debate and share their expertise and views on recent market changes
    (Nick Cressey, Head of Bioenergy, Green Power Conferences, nick.cressey@greenpowerconferences.com)
     
    19.11.2013   RECORD ATTENDANCE AT THE 20TH EDITION OF MIAC    ( Company news )

    Company news Last October, MIAC, the International Exhibition for the Paper Industry, celebrated its 20th edition, achieving a record attendance and strengthening its role as one of the major international exhibitions of machinery and equipment for the paper industry. This event, not to be missed and aimed at updating paper mill and converter technicians, takes place every year in Lucca at the heart of the Paper District.
    Having reached its 20th edition, once again, MIAC recorded a full house in the exhibition halls of the trade fair centre in Lucca. The event, established in 1994, has seen a steady rise in the number of exhibitors and visitors over the years and has become an international show with visitors from all over the world, especially from Western and Eastern Europe, Russia, Arab countries and North Africa.
    This can be seen in the numbers recorded at the end of the 3-day event: with 270 exhibitors attending (130 direct exhibitors + 140 represented companies), the 2013 edition achieved a record attendance from Italy and abroad. In fact, MIAC recorded over 4,100 visitors from 57 different countries and, including all those attending on the days following the initial recorded data, the number totalled over 5,200 visitors. Even more significant is that the leading role this international event plays for the machinery and equipment for the paper industry sector can be seen in the figures regarding the attendance of foreigners: 30% of visitors from abroad.
    “In this difficult economic climate, we have further confirmation that MIAC is an increasingly international event acknowledged worldwide,” commented Gianmaria Pfeiffer, director of MIAC, “We have had visitors from all over the world, with a large number from Eastern Europe, Russia, Turkey and Arab countries, as well as from non-European countries. MIAC has therefore showed its internationalization, a path that we began a few years ago and that has brought the expected results. Moreover, the 20th edition of MIAC achieved record attendance: on all three days of the event, the number of visitors recorded exceeded those of the previous 19 editions”.
    On this important anniversary, the organising company Edinova S.r.l. wanted to renew the furnishings and fittings of the exhibition stands to create a restyled environment at the trade fair, which was appreciated by both exhibitors and visitors. “Despite the economic crisis that involves all industrial sectors in different ways - explained Pfeiffer - a more positive atmosphere could be felt in the aisles of MIAC. The desire for drive and to emerge from the economic crisis was evident, and it appears that market data show a glimmer of light, even if it is only slight. At the opening ceremony the president of Assocarta, Engineer Paolo Culicchi, showed that he was moderately optimistic about the trends in the paper industry in general over the following five years and this gives us hope. The goal for the next edition, scheduled for October 2014 in Lucca, will be to further increase the attendance of foreigners and we will do this using all the means we have available in order to offer exhibitors and participants a business environment that always meets their expectations”.
    (Edinova S.r.l.)
     
    19.11.2013   Innventia: New Research Managers at Packaging Solutions and Material Processes    ( Company news )

    Company news Picture: Astrid Odeberg Glasenapp and Magnus Gimåker

    From the start of October, Astrid Odeberg Glasenapp is Research Manager of Market and Consumer Insight in Packaging Solutions and the new Research Manager of Paper Chemistry and Nanomaterials in Material Processes is Magnus Gimåker.
    Astrid has been working with us at Innventia since 2001 in roles including secretary for the SUW trade and industry group, "The International Development Group for Corrugated Board" and as a Vinnmer fellow. She completed an MBA at the School of Economics within the Vinnmer project. She has a PhD from Hamburg University within pulp chemistry and previously worked for the German corrugated board industry association as a technical adviser.
    "I am looking forward to working within a field that is going to play an important role in the future as well as taking on the challenges and opportunities that there are to develop the field together with colleagues in the group", says Astrid.
    "We regard this as a growing field which has a major future, and I am delighted that we now have Astrid as Research Manager working on this, says Catharina Ottestam, Business Area Manager for Packaging Solutions.
    Magnus has a PhD in fibre and polymer technology from KTH and has been working as a researcher at Innventia since 2010 within both paper physics and paper chemistry. His two principal assignments have been managing a project concerning 3D forming of paper and cardboard (mainly within the VINN Excellence Centre, BiMaC Innovation, but also in other projects) and cluster leader of Paper Mechanics for Improved Quality.
    "I am delighted to have the opportunity to head up the work in a group with numerous exciting activities, and for the confidence that has been shown in me. It will be very exciting to learn about and contribute to all of the group's activities, not least within the nanocellulose field where there is a lot happening at present", says Magnus.
    "I am extremely pleased that, in competition with a number of external applicants, we were able to fill this important position of Research Manager with an internal applicant" says Torgny Persson, Business Area Manager for Material Processes.
    (Innventia AB)
     
    19.11.2013   Youbisheng Green Paper AG appoints new CFO    ( Company news )

    Company news The Supervisory Board of Youbisheng Green Paper AG has appointed David Tsui as the new Chief Financial Officer. He succeeds Clement Hoo, who resigned his position with effect of 01 September 2013 but continued to support the Group as an advisor.
    David Tsui (53) has long and proven experience in accounting and finance. He was Finance Director at several companies with stock exchange listings abroad. Among others, he has worked for Dragon Sportswear Holdings Ltd. and Asia Ceramics Holdings Plc. His professional career has also included management positions in auditing and consultancy.
    David Tsui is Australian. He has the qualification as Chartered Accountant in Australia (ACA) and holds a Master of Economics from Macquarie University Sydney.
    (Youbisheng Green Paper AG)
     
    19.11.2013   FORTRESS PAPER ANNOUNCES THIRD QUARTER 2013 RESULTS    ( Company news )

    Company news Fortress Paper Ltd. (“Fortress Paper” or the “Company”) reported 2013 third quarter EBITDA loss of $7.3 million.
    The Dissolving Pulp Segment generated EBITDA loss of $ 6.6 million and the Security Paper Products Segment generated EBITDA of $1.6 million.
    Corporate costs contributed $ 2.3 million to EBITDA loss.
    Fortress reported adjusted net loss from continuing operations of $ 15.6 million, or diluted loss per share of $1.07 for the third quarter of 2013 on sales of $ 53.2 million.
    In the second quarter of 2013, the Company reported adjusted net loss from continuing operations of $20.6 million or diluted loss per share of $1.42 on sales of $59.9 million, and for the third quarter of 2012, adjusted net loss from continuing operations of $ 23.2 million or diluted loss per share of $ 1.61 on sales of $ 38.3 million.
    Adjusted net loss in the second quarter of 2013 was impacted by an expense of approximately $3.5 million recorded as a deferred tax accrual.
    Fortress reported a net loss from continuing operations of $13.4 million, or diluted loss per share of $ 0.92 for the third quarter of 2013. In the second quarter of 2013, the Company reported a net loss from continuing operations of $20.9 million or diluted loss per share of $1.43, and for the third quarter of 2012, net loss from continuing operations of $ 24.1 million or diluted loss per share of $1.67.
    Fortress reported a net loss, including discontinued operations, of $ 12.4 million, or diluted loss per share of $ 0.85 for the third quarter of 2013. In the second quarter of 2013, the Company reported a net income, including discontinued operations of $134.1 million or diluted earnings per share of $9.23. Included in discontinued operations was a $153.3 million gain on the sale of the Dresden mill. In the third quarter of 2012, the Company reported a net loss of $19.1 million or diluted loss per share of $ 1.32, including discontinued operations.
    The Dissolving Pulp Segment has experienced another difficult quarter due to depressed market prices, delays in the cogeneration facility completion and operational and maintenance issues.
    The Fortress Specialty Cellulose (“FSC”) mill cogeneration facility project was successfully completed on October 2, 2013 and began delivering power to the Hydro Québec grid at the contracted commercial rate. This is a significant milestone for the reduction of the overall cost structure at the mill.
    As a result of a strategic assessment and testing of alternatives for the FSC mill, the Company has been pursuing a strategy of modifying the mill to be capable of swinging production from dissolving pulp to northern bleached hardwood kraft (NBHK) pulp.
    This redesign is expected to enable the Company to maximize margins in response to changing market conditions.
    The Security Paper Products Segment has experienced a third consecutive quarter with sales, volumes and revenues significantly higher relative to any comparative period in 2012 and 2011.
    The Landqart mill continues to implement new programs to improve efficiencies and profitability. EBITDA for the Security Paper Products Segment for the quarter ended September 30, 2013 was $ 7.4 million higher when compared to the third quarter of 2012, and $ 1.1 million higher compared to the previous quarter.
    However, less than favourable conditions, including the strength of the Swiss franc against the Euro, overcapacity in the banknote paper industry and increased competition for orders, continue to adversely impact the results of the Security Paper Products Segment.

    Management’s Outlook
    Dissolving Pulp Segment
    Dissolving pulp markets remained challenging during the third quarter of 2013 due to continued excess supply.
    The average market price of dissolving pulp in China, as reported by China Chemical Fibers & Textiles Consultancy Group (CCF), a leading professional data analysis company relied upon in the dissolving pulp industry, was approximately US$ 880 per air dried metric tonne (ADMT) during the third quarter of 2013.
    Management believes that the current depressed dissolving pulp prices are indicative of unusual market conditions and are not sustainable in the long term. Following the interim anti-dumping duty announcement of the Ministry of Commerce of China (“MOFCOM”) on November 6, 2013 for Canadian, American and Brazilian companies, based on its preliminary assessment, the Company believes that the supply of dissolving pulp will decrease significantly and lead to a price increase in the short to medium term.
    The Company also believes that if the interim duty for all other unnamed Canadian, American and Brazilian dissolving pulp producers remains unchanged, it will have a long term deterrent effect on supply dynamics.
    Prior to the third quarter of 2013, viscose producers in China had decreased operating rates to manage inventory and stabilize prices. However, operating rates in the third quarter have increased which has eroded viscose staple fibre prices to their lowest levels in many months.
    Dissolving pulp is the main raw material input for the production of viscose staple fibre. Cotton prices remained relatively stable in China during the third quarter of 2013 and well above viscose staple fibre prices. Viscose staple fibre is a substitute for cotton. The FSC mill operated more efficiently during the third quarter of 2013 relative to the prior quarter. Cash costs continued to improve in the third quarter but were higher than expected due to operational and maintenance issues and delay in the cogeneration facility start-up.
    Shortly after quarter end the cogeneration project was successfully completed and the facility commenced delivering power to the Hydro Québec grid at the contracted commercial rate. The cogeneration start-up was delayed due to unexpected mechanical failure of the high pressure water pump and the back-up pump which were resolved when a new supplier was engaged and the 100 hour test could be completed. Although depressed dissolving pulp prices continue to impact FSC mill results, the Company expects to realize significant cost-savings from production improvements, cost reduction initiatives and the cogeneration facility in the fourth quarter of 2013 and into fiscal 2014.
    Finished goods inventory levels of dissolving pulp at the end of the third quarter were higher than previous periods. During the third quarter of 2013, the FSC mill implemented a plan to reduce logistics, transportation and distribution costs. Dissolving pulp inventory levels were higher due to the mill retaining ownership of the inventory for a longer period in the sales cycle, as well as ongoing negotiations with Chinese buyers resulting from the uncertainty surrounding the ongoing China dissolving pulp anti-dumping investigation.
    Subsequent to the quarter end, dissolving pulp sales with our existing customers have resumed.
    The Company is evaluating the impact of the MOFCOM decision on the Fortress Global Cellulose (“FGC”) mill project in Lebel-sur-Quévillon, Québec. The Company is also continuing the process of exploring strategic options for the FGC mill project, to mitigate the financial risk, including alternative financing structures, joint ventures and partnership opportunities.
    The Company will be comparing the FGC mill investment opportunity to other strategic options for shareholder value creation. The Company is currently in discussions with prospective equity investors for the project and is in the process of discussing potential revised terms for its project financing to provide greater flexibility.
    Approximately $25 million has been spent to date on the FGC mill project. Due to changing economics and market conditions, there is no assurance that definitive investment arrangements will be concluded or that the FGC mill project will proceed to completion as previously planned.
    Due to a change in timelines relating to the FGC mill project, the Company reviewed with Hydro Québec its electricity supply agreement dated September 28, 2012, resulting in the agreement no longer being in effect. The FGC mill intends to submit a tender for a new power supply agreement under Hydro Québec's power purchase program request for proposals expiring December 21, 2013. Among other things, the new tender will include a request for an increase in the amount of power to be supplied by the cogeneration facility from the previously approved 34 megawatts to 42 megawatts. There is no assurance that the Company will be granted another power supply agreement.

    Security Paper Products Segment
    The Landqart mill has had a strong third quarter order intake including a contract extension on one of the mill’s more significant orders. The pipeline of opportunities to year end is strong and consists of a mix of tender and repeat order possibilities which, if successfully secured, will further improve an already stable order book for next year.
    (Fortress Paper Ltd)
     
    18.11.2013   Suzanne Blanchet, Cascades Tissue Group CEO, Wins Gold in 2013 Stevie Awards for ...    ( Company news )

    Company news ...Women in Business

    Suzanne Blanchet , president and CEO of Cascades Tissue Group, has won a Gold Stevie ® Award for the "Female Executive of the Year in Canada " category in the 10 th annual Stevie Awards for Women in Business. This internationally renowned award was given to her as recognition of her outstanding contribution to her company and industry. Under her leadership, Cascades Tissue Group has become a billion-dollar leader in the tissue industry, pioneering environmentally sound and innovative paper products.
    "It is with profound gratitude and great humility that I receive this award," stated Suzanne Blanchet . "I would like to share it with my colleagues, who all contributed to Cascades Tissue Group's success and international recognition."

    Recognizing a Female Pioneer in the Tissue Industry
    As the first woman to chair a paper company in North America , Suzanne Blanchet was a perfect candidate for a Stevie Award for Women in Business. Her impressive career, which started as a finance intern and evolved to her becoming president and CEO of Cascades Tissue Group in 1997, has been hallmarked by tenacity, dedication to her employees and a willingness to constantly push boundaries and innovate. The launch of innovative products such as Cascades ® Antibacterial TM paper towels and expansion of Cascades' tissue activities in the United States - two recent examples of initiatives she's led to expand Cascades' recognition as an industry leader in sustainability and innovation - are indicative of her unique qualities as a visionary and willingness to take calculated risks.
    "Since her début at Cascades, Suzanne has always pushed the limits," said Mario Plourde , Cascades' President and CEO. "She is energetic, direct and transparent, and she's always looking for greater and better things for Cascades. Through her leadership, she successfully built a billion-dollar business starting from a one-plant operation. She is an example of determination and success, and we commend her on this meaningful honor."

    An Award for Women Changing the Face of Business
    "For 10 years we have been recognizing the achievements of women in the workplace, and this year's nominations were the most impressive class the judges have ever reviewed," said Michael Gallagher , founder and president of the Stevie Awards. "We congratulate all of this year's winners for their achievements."
    (Cascades Tissue Group)
     
    18.11.2013   Demag process cranes: reliable storage of high production volume    ( Company news )

    Company news -Modern Karton orders further automated paper roll shipping store
    -Six Demag process cranes provide high handling rates
    -Best possible utilisation of space thanks to vertical paper roll storage


    Modern Karton Sanayi ve Ticaret
    once again relies on Demag crane technology. The Turkish cardboard and packaging manufacturer has commissioned Terex Material Handling with the installation of an automated paper store with six Demag process cranes at its Corlu location. The task of the double-girder overhead travelling cranes, which are equipped with vacuum lifting devices, is to gently place the finished paper rolls into storage in a space-saving fashion and to stage them ready for shipping as required. The scope of delivery also includes a warehouse management system that will provide for optimised process steps thanks to configurable storage strategies. The project, including installation and commissioning of the crane systems, is being implemented in co-operation with the Turkish Demag agency Genel Makina from Istanbul. Production is scheduled to begin at the first quarter of 2015.
    As early as 2008, Modern Karton commissioned a paper roll store with Demag crane systems. The paper roll shipping store, which is currently the largest in the world, channels the production output of the PM 4 paper machine. The Turkish paper manufacturer’s paper machine 5, which is currently under development, is designed for an annual production capacity of 400 000 tonnes of liner and fluting paper, which is made from 100%recycled paper. After the PM 5 is commissioned, Modern Karton will achieve an annual production volume at its Corlu location of one million tonnes of paper, which will be stored and staged ready for delivery by Demag crane systems.
    Dr Lars Brzoska, Vice President & Managing Director Terex Material Handling, explains: “We are pleased with this renewed vote of confidence by our customer Modern Karton in our Demag brand crane technology. With this project, we are continuing to expand our presence in this economically significant region and consolidate our position as a specialist for intralogistic solutions for specific industries.”
    Hamdullah Eren, Member of the Board of Eren Holding A.S., underlines: “For us it was important from the beginning to work in close co-operation with an international company that has extensive references. A decisive factor in the award of the new contract was also that for more than five years, Demag crane systems have demonstrated their outstanding efficiency and reliability in our first paper roll shipping store. Moreover, by implementing appropriate storage strategies, Terex Material Handling has again been able to offer an integrated solution that fully meets our requirements with respect to high installation performance.”
    (Demag Cranes & Components GmbH)
     
    18.11.2013   Fast and Precise: G&D's BPS X9 Assures Top Quality of Freshly Printed Banknotes    ( Company news )

    Company news Giesecke & Devrient (G&D) has launched the world’s fastest banknote processing system: the BPS X9. This new single note inspection system was specifically designed for banknote printers. Its throughput rate of up to 44 banknotes per second, optimized user processes, and short set-up times have improved productivity as much as 12 percent compared to its predecessor. At the same time, the system delivers highly precise, reliable quality assurance testing of freshly printed banknotes. The BPS X9 is now available for ordering.
    “Banknote technology is becoming increasingly sophisticated in order to effectively ward off counterfeiting. The BPS X9 inspects every single banknote ‘from head to toe’ and only approves it if it meets all the criteria for acceptance by machines and human users. Thanks to the 100 percent quality inspection, central banks can be confident that only defect-free banknotes enter circulation,” noted Ralf Wintergerst, Head of the Banknote Processing division and future Group Executive for the Banknote business unit at G&D.
    The system’s extraordinary performance is the result of the foresighted integration of all the modules. Thanks to automatic feeding from the cutting machine and continuous currency singling, the BPS X9 can process up to 44 banknotes per second without interruption. It comes with state-of-the-art sensors that can detect the tiniest misprints and out-of-tolerance conditions.
    For greater productivity and security, the BPS X9 can be combined with a CutLink X cutting machine and a NotaPack packaging system. This configuration fully automates banknote finishing at the printing works and avoids manual intervention. What is more, BPS X9 software provides secure remote access to all statistics and processing data. Multiple users can simultaneously access analyses and reports on processed banknotes. As such, this completely new software generation allows workflows and banknote quality to be continuously managed and improved as needed.
    Different service packages are available to keep system availability high. They range from supporting the customer’s maintenance technicians to providing advanced remote service for rapid responses to malfunctions. In addition, operating parameters can be conveniently modified over an online network connection without requiring a service technician to be at the customer’s premises.
    (G&D Giesecke & Devrient GmbH)
     
    18.11.2013   DiGITAL PRINTER CHECK OUT THE CP3000     ( Company news )

    Company news Intec UK welcomed Digital Printer magazine to our International Headquarters in Poole this month to coincide with the launch of the Intec CP3000 digital color Printer range.
    Intec’s Director of Business Development Mark Baker-Homes and Marketing Manager Terri Winstanley demonstrated the feature packed CP3000 and it’s fantastic booklet finishing System to Chris Rushton and Andy Knaggs who were very impressed with its fantastic print quality and astounding cost per copy.
    (Intec Printing Solutions Limited)
     
    18.11.2013   Successful rebuild of dryer section in Schwarzenberg by PAMA    ( Company news )

    Company news The Schumacher Packaging GmbH in Schwarzenberg assigned PAMA GmbH Freiberg, a subsidiary of the Austrian company KRESTA industries, with the redesign of the drying section of the board machine at Schwarzenberg site.
    In early October this year, the board machine was successfully put into operation with increased drying capacity. Taking into account the very limited space 10 new drying cylinders were installed, including the necessary modifications of the drive, of the lubrication system as well as comprehensive adjustments of the steam and condensate system. The drying cylinders are equipped with rope grooves so that a rope guide can be retrofitted later on.
    (PAMA GmbH)
     
    15.11.2013   Erhardt+Leimer extends its presence in China further    ( Company news )

    Company news On the occasion of the 10th anniversary of its Chinese subsidiary, the automation expert Erhardt+Leimer is further extending its activities in China. In October, the company's management team together with 200 guests celebrated the ground breaking ceremony for a new production and development location. The new plant in Hangzhou will mainly produce systems for the sales area "corrugated cardboard" as well as for web guiding. The German experts intend to use the new plant to further extend their market position in China and to gain additional growth potential.
    Erhardt+Leimer has been present in Asia for over 30 years as one of the largest global suppliers for automation, control and inspection technology. The growing importance of the Chinese market led to the foundation of E+L China in 2003. Ten years later E+L China is extremely well-placed with 130 employees in its main branch and six further locations, spread out across the entire People's Republic, and makes a significant contribution to the success of the Erhardt+Leimer Group in Asia.
    The Asian market is now the most important global market for many sectors. This is also true for Erhardt+Leimer. The proportion of turnover earned in Asia has been increasing steadily over the last few years. It won't be long before 50% of global turnover is earned there. According to Hannelore Leimer, Chairwoman of the Erhardt+Leimer Group Management Board, the new plant in Hangzhou is therefore also a "milestone in the 95-year history of Erhardt+Leimer".
    Erhardt+Leimer is spending several millions of Euros to purchase the land and build the new plant. The result will be a state-of-the-art, efficient unit on the 3-hectare site, where not only sales and service but also development and production of components for the Chinese market will take place. In this manner, those responsible at E+L want to extend the product range to Chinese machine manufacturers in the middle price bracket and establish themselves as reliable and efficient partners here, too.
    The employees are an important factor determining whether this target will be reached. Dr. Michael Proeller, managing director of E+L, made this particularly clear in his speech honoring the 10-year anniversary. The majority of the 130 employees have been working for the company for many years and have made a great contribution to the success of E+L China. The selection of the new location is one example of how important the employees are to the company; it is not very far from the previous branch in Hangzhou so that almost nothing will change for the employees.
    Furthermore, Hangzhou is a location with good education facilities. However, Erhardt+Leimer also wants to independently provide qualification for its employees: at the Chinese subsidiary, a dual vocational training program will be established according to the German model in order that the company will be equipped with well-trained young employees for the future.
    Satisfied employees, a new plant, enough potential for further growth – Erhardt+Leimer are on course for success in China. We can therefore look forward to how things will develop over the next time.
    (Erhardt + Leimer GmbH)
     
    15.11.2013   Innventia: 10th anniversary and inauguration of new research facilities    ( Company news )

    Company news Ten years ago, we became Innventia as you know us today, after the merging of STFI, Packforsk, PFI and parts of Framkom. This was celebrated with approximately one hundred guests in connection with Innventia Days on 22 to 23 October. The event offered seminars, workshops, exhibitions, one-to-one discussions with Innventia’s experts and the inauguration of two new research facilities.
    "Innventia is a company with a long history and many years of experience. Why are we then celebrating 10 years of Innventia and not 60 years of Packforsk, 70 years of STFI or even 90 years of PFI? We have chosen to celebrate ten years to show that we are Innventia and not the different parts. Innventia today is one strong company with broad experience and expertise in our focus areas. The future is based on innovation and we are all striving to understand what future innovations are needed for our industry. By thinking new, thinking ahead and thinking together we can meet those needs."
    With those words, President Birgitta Sundblad welcomed the guests to the anniversary celebrations at Innventia in Stockholm on 22 October. The opening ceremony included a symbolic ribbon-cutting to inaugurate a new imaging NIR spectrometer and a new laboratory for the production of carbon fibre from lignin. These facilities could then be visited during the afternoon, which also offered many other activities. In two workshops, which had been fully booked in advance, new opportunities were discussed under the title The Nightmare of a Paperless World. In the newly redecorated auditorium Innoversum, philosophical seminars were offered and those who so desired could book a private conversation with one of Innventia's experts or participate in the study Papermaking towards the future. Between these activities, visitors could stroll around and view two exhibitions: one a historical journey through the development of five innovations, the other a futuristic installation which offered the observer an experience that could inspire new collaborations and development based on today's material assets and expertise. In the evening, the festivities continued with dinner at Fjärilshuset in Haga.
    The anniversary celebrations were held in connection with Innventia Days, which brings together companies involved in Innventia's three-year research programme for seminars and mingling sessions. The current programme began in January 2012 and addresses issues of great interest to Innventia customers, such as energy and material savings, production efficiency and new bio-based products.
    (Innventia AB)
     
    15.11.2013   International German PR Award 2013    ( Company news )

    Picture: Stephan Freist, Barbara Knipper (Hahnemühle), Ute Weingarten (Artpress), Bettina Scheerbarth (Hahnemühle), Stephan Fink (Fink&Fuchs PR), Michael Siekiera (Hahnemühle), Ulrich Nies (DPRG-President)

    At the end of October the prize-giving ceremony and gala occasion for the "Deutscher PR Preis 2013" (International German PR Award) took place in Wiesbaden, Germany. We are one of the happy award winners in the category "small and medium sized enterprises". We are absolutely delighted to receive an award for our intensive work and ideas, which we developed together with external parties.

    What did we do to receive this highly regarded award?
    In recent years we have been strongly engaged in art projects such as sponsoring of artists and exhibitions, our international painting competition, art and photo activities around paper in laboratories and the very successful art platform Upon Paper. We have set-up our new communication strategy and started our expansion globally.
    Due to our social media engagements we've formed an intensive dialogue with customers and fans of our products, which brought us new creative impulses and ideas. We have developed a digital strategy which increased our market reach significantly due to social media and especially new content e.g. moving images.
    These activities have attracted great interest among media and bloggers. A variety of articles in new medias, supplements and business pages of national and international key medias such as Süddeutsche Zeitung, F.A.Z., Frankfurter Rundschau, Welt, Focus, Vogue, Handelsblatt, Tagesspiegel, Berliner Zeitung, Cicero and Guardian are some of the highlights in the last two years.
    We could not realise all that we wanted to achieve alone, so we called on external partners. The successful cooperation with Fink & Fuchs PR, Wiesbaden, and Artpress, Berlin for selected projects has brought us significant steps further and enabled us to reach faster defined targets.
    The award will not be the end of our work, it is more an incentive for the great projects we are currently working on e.g. our digital strategy and plenty more other lovely projects, which will be published in the upcoming months. Watch this space.
    We would like to thank all those that have supported and enriched us with their interest, cooperation and ideas in the last year, whether artists, photographers, bloggers and journalists and of course our market partners, colleagues and all of our many customers.
    (Hahnemühle FineArt GmbH)
    Hahnemühle FINEART

     
    15.11.2013   Ahlström Capital and Accent Equity to divest ÅR Packaging    ( Company news )

    ÅR Packaging Group has signed agreements, which when completed, will lead to divesting all ÅR Packaging businesses, i.e. the company’s Tobacco, Specialties, and Food packaging operations.
    ÅR Packaging’s Tobacco packaging operations and all Russian operations will be acquired by Mayr-Melnhof Karton AG, an integrated Austrian manufacturer of folding cartons and coated recycled carton board.
    The Specialties packaging operations, consisting of Flextrus and Lund Carton, will be divested to Weidenhammer Packaging Group. Weidenhammer is a German company and one of the world’s two leading suppliers of composite cans, composite drums and plastic containers.
    Advanced negotiations, based on a signed Letter of Intent, are under way regarding the Food packaging operations and the operations will likely be sold in a trade sale.
    “The European paperboard packaging industry is in a consolidation process. There is strong business logic behind these transactions, and we are confident that the operations of ÅR Packaging will have matching synergies with its acquirers. Ahlström Capital has been a long-standing owner of ÅR Packaging, and we are pleased that the operations of ÅR Packaging will in the consolidating market have owners with strong capabilities to develop the businesses further. Thus, we truly believe that the transactions will be an advantageous solution for the ÅR Packaging employees, customers and suppliers,” says Panu Routila, President & CEO of Ahlström Capital Oy.
    It is the intention of the transaction parties to have the deals regarding the Tobacco and Specialties packaging operations completed by the end of 2013 and the deal regarding the Food packaging operations completed by the end of the first quarter 2014.
    (Ahlström Capital Oy)
     
    15.11.2013   SCA further increases occupational safety with Voith system    ( Company news )

    Company news SCA Hygiene Products S.P.A. Lucca, Italy, has chosen the ProTect system from Voith to continue to ensure safety while performing press fabric measurements during paper machine operation. As a leading global hygiene and forest products company SCA develops and produces sustainable personal care, tissue and forest products. Occupational safety is very important for SCA as an employer worldwide.
    ProTect consists of carriage, fixture and any number of traverse beams and can be operated with all available standard portable measurement devices for press felt measurements. SCA Lucca equipped all its four tissue machines with one traverse beam each and a single measurement carriage can be conveniently used for all four machines. There was only 13 weeks between order and commissioning.
    "It is our top priority to secure the safety of our employees”, says Massimo Santolini, Mill Manager, Lucca. “ProTect allows reliable and risk-free press felt measurements at different positions before the press section – especially in areas that are difficult to access. This is why we have chosen this solution from Voith.”
    Press felt measurements are essential to guarantee efficient paper production. ProTect is designed to take reliable press felt measurements at various positions in the press section of the paper machine while still ensuring that operating personnel are safe.
    (Voith Paper GmbH & Co KG)
     
    15.11.2013   Fripa Miltenberg invests in new tissue paper machine from Voith    ( Company news )

    Company news The family-owned company Fripa - Papierfabrik Albert Friedrich KG has commissioned Voith with the delivery of a new production line for its Miltenberg location in Germany. The system is designed to sustainably produce high-quality tissue paper. Fripa is thus continuing its successful market strategy as a leading service-oriented provider of high-quality tissue paper.
    The managing partner, Verena Queck-Glimm, elaborates on Fripa’s decision: “After in-depth evaluation of the concepts and technologies available, we decided in favor of a Voith machine. In addition, Voith convinced us with its commitment and the energy-efficient components which are so important for us.”
    The paper machine is designed for an operating speed of 2,100 meter per minute and will produce 36,000 metric tons of high-quality toilet and towel paper annually from pulp with a working width of 2.7 meter. Start-up is scheduled for the end of 2014.
    In designing the paper production process, particular importance was accorded to low energy consumption and to low water and wastewater values. Among other things, the use of the NipcoFlex T shoe press was a key factor in choosing Voith. With this technology, the need for thermal energy can be substantially reduced. NipcoFlex T is also ideally suited for production of soft paper and thus meets the high quality requirements of Fripa. The new paper machine will be equipped with other energy-efficient components and systems. The order is completed by extensive maintenance and replacement parts services.
    (Voith Paper GmbH & Co KG)
     
    14.11.2013   LUXE PACK MONACO 2013: Record numbers and plebiscited!    ( Company news )

    Company news LUXE PACK MONACO 2013, the premier show for creative packaging, ended on 25 October with exceptional results:
    -400 exhibitors, including 40 first-time exhibitors, offered a wide range of materials and expertise,
    -A frenzy of launches were exclusively unveiled at the show,
    -7,439 quality visitors came representing an increase of 6% against 2012,
    -Rich and innovative content on major topical issues: trends, sustainable development, design, regulations...
    -A positive and studious environment,
    -Many promising projects in the pipeline...

    LUXE PACK MONACO 2013 was hailed by the entire profession that had come together in Monaco!

    A 26th edition that was even more business-oriented
    A record 400 exhibitors, including 40 first-time exhibitors, presented specific expertise and techniques and desired materials such as glass, leather, cases, rhinestones and crystals, full service, and anti-counterfeiting systems and the range of creative packaging was particularly extensive.
    LUXE PACK MONACO is the only exhibition that comprehensively showcases companies and current expertise in the glass industry from all over the world. The round table gathering European glass industry leaders was also very popular.
    Once again LUXE PACK MONACO was the scene of a large number of launches in the fields of finishing-decoration, sensoriality, nomadism, and anti-counterfeiting that was exclusively unveiled during the event ensuring that every visitor found what they needed to enhance their products and brands amongst the countless innovative solutions proposed.
    LUXE PACK Forum Innovation showcases displayed innovations presented by exhibitors and the innovations competing for the 2013 LUXE PACK in green prize.
    One of LUXE PACK MONACO's major assets is the quality of its visitors which was praised by exhibitors again this year. Beyond the number of visitors (7,439 visitors marking a 6% increase against 2012), the professionals present recognised the quality of exchanges and the decision-making power of their contacts. Business exchanges were intense and many confidential business meetings were held on-site before the end of the event.
    46% of visitors were French and 54% were international from 77 countries. This year there was a marked increase in visitors from certain European countries (Italy and Spain in particular) and the USA and the number of companies being represented also raised. As exhibitors had rightly felt, there were more senior executives, in particular from branches and purchasing departments, visiting the exhibition this year.

    Rich content
    The Guest of Honour, Francis Kurkdjian, gave his presentation to a packed auditorium. This internationally renowned perfumer related his life story, thwarted vocations, and successes despite the odds very simply.
    The round table on eco-design was also very popular with a panel of high-level speakers, very concrete feedback, and pertinent contributions by the Utopies Consulting Agency, specialised in Sustainable Development.

    The now awaited LUXE PACK trends observer delivered its conclusions during a round table. Three trends were updated and deciphered by the experts present:
    -"Deal with the Devil" or when vampires and sexy heroes inspire leading brands and their packaging,
    -"Let's celebrate": the desire to celebrate everything joining a deeper need for rituals and allowing Travel Retail requirements to be met,
    -"History Telling": brands reaffirm their roots, legacy, and history of their expertise to reassure consumers and attract more young people looking for references.

    ...and pioneering
    LUXE PACK MONACO 2013 broke new ground by giving the floor to experts in the automotive industry who presented about the "design to cost" process that could be applied to the luxury sector. This process involves brands reversing their stance when dealing with suppliers to encourage them to use their transversal vision and asking them "what can you offer us for this price?" for a project.
    Also new this year were the very popular free consultations in semiotics providing concrete answers to key questions for product managers and executives such as adequacy of packaging or a logo with brand image and targeted positioning, evaluation of potential brand extension based on the packaging, and strategic recommendations to build a new brand which determine brand management and its development potential.
    LUXE PACK MONACO presented LUXE PACK ESSENTIALS for the first time this year.
    Marc Rosen, American designer, Hannah Stodell, Insight Editor at LS:N Global UK, Géraldine Bouchot, Prospective studies manager, and Elodie Nigay, Marketing project manager, at Carlin International France scoured the stands for the three days of the event to find LUXE PACK's three "I"s: Inspiration, Innovation, and Ideas.

    Next year's LUXE PACK MONACO will be held at the Grimaldi Forum from 27 to 29 October.
    (IDICE MC)
     
    14.11.2013   Lenzing Revises Guidance for the 2013 Financial Year    ( Company news )

    Company news -EBITDA of EUR 220 - 230 mn expected for 2013
    -Material costs and personnel expenditures to be reduced by EUR 120 mn p.a. until 2015
    -All fiber production facilities will continue to operate at full capacity

    Picture: Peter Untersperger, Chief Executive Officer of Lenzing AG

    The Lenzing Group, the world’s leading producer of man-made cellulose fibers, achieved business results in line with expectations in the first three quarters of 2013 in spite of unfavorable market conditions. This can be attributed to the countermeasures which are already underway. Consolidated sales amounted to EUR 1,447.0 mn, a decline of 7.7% from the comparable level of EUR 1,567.5 mn in the previous year. Consolidated earnings before interest, tax, depreciation and amortization (EBITDA) continued to be at a good level, amounting to EUR 223.8 mn in the first nine months of 2013, a drop of 20.5% from the prior-year figure of EUR 281.5 mn. This comprised an EBITDA margin of 15.5% (Q1-3/2012: 18.0%). Earnings before interest and tax (EBIT) in the first nine months of the year fell by 33.0% to EUR 136.4 mn, down from EUR 203.4 mn. On the basis of the anticipated weaker fourth quarter of 2013, Lenzing revised its guidance for the entire year 2013 downwards. Lenzing now expects EBITDA of between EUR 220 - 230 mn in 2013 (last guidance: EUR 280 mn).
    In the light of the ongoing difficult market situation, Lenzing has decided to proactively implement a massive, far-reaching cost optimization program. The initiative will enable cost savings of EUR 120 mn p.a. until 2015 as a means of safeguarding Lenzing’s cost leadership on the global market for man-made cellulose fibers. In this way Lenzing is responding to the current difficult market environment, which has led to increasingly fierce price competition.
    “The difficult market situation will continue in 2014 and possibly well into 2015. We will resolutely counteract this unfavorable situation and adjust our cost structures to the new circumstances as quickly as possible”, says Peter Untersperger, Chief Executive Officer of Lenzing AG. “Our aim must not only be to expand our quality leadership and innovative strength on a sustainable basis, but also to regain the cost leadership in our industry. We continue to see attractive growth potential for our products, but we are already preparing ourselves today as optimally as possible for the increasingly tough competition. Cost discipline and cash generation will be our targets over the coming years.”
    In particular, the sales and marketing organization will be strengthened as part of the current reorganization project. The entire organization will sharpen its focus to more strongly orient its activities to the important fiber markets of Asia and Turkey. Sales efforts in China especially will be expanded on the basis of additional technical experts and market development capabilities.
    Lenzing will continue to invest, particularly in developing TENCEL® for high quality textile applications and sustainable nonwoven applications. Demand for Lenzing Modal® remains strong.
    The expanded cost optimization program “excelLENZ 2.0” is a further, comprehensive step to sustainably safeguard earnings and future investment projects. It complements the initial “excelLENZ” cost-saving program which has been underway since the beginning of the year as well as the organizational restructuring of the Group. Improvement potential for all cost modules encompassing all operating units has been defined over the past weeks. The measures to be implemented on this basis will not only result in savings in material costs but also massive reductions in operating expenses and overhead, extensive increases in operating efficiency as well as a reduction in the total number of employees. All global sites will be affected. The staff at the Group’s largest production site in Lenzing, Upper Austria will likely be downsized by up to 15% from the current level of about 2,600 employees (including retiring employees and unfilled vacancies). On balance, a total of up to 600 jobs will be cut or vacant positions not filled.
    The individual measures will be quickly carried out in the coming months, and thus already partially impact earnings in 2014. Lenzing expects one-off expenses related to the implementation of the “excelLENZ 2.0” drive in the mid double-digit euro range.

    Sales and earnings in the first three quarters in line with expectations
    In spite of the increasingly difficult market environment, business of the Lenzing Group in the first three quarters of 2013 developed in line with expectations. The downward pressure on selling prices could at least be partially offset by significantly higher fiber shipment volumes, cost savings and a marketing drive for specialty fibers Lenzing Modal® and TENCEL®.
    Fiber production facilities were operating at full capacity during the first three quarters of the year. Fiber shipment volumes increased to approximately 660,000 tons due to capacity expansion measures, up 12% from the prior-year level of 590,000 tons. However, average fiber selling prices of the Lenzing Group were at EUR 1.73 per kilogram, about 14% lower than in the previous year. The underlying reason was the price and margin pressure in China as a consequence of surplus production capacities. This development intensified further in the third quarter and influenced all other key sales markets.
    The EBITDA of EUR 223.8 mn and the EBIT of EUR 136.4 mn include the one-off proceeds totaling EUR 24.8 mn mainly from the sale of the Business Unit Plastics. The financial result amounted to minus EUR 19.1 mn in the first three quarters of 2013 (Q1-3/2012: minus EUR 7.4 mn). This led to a profit for the period of EUR 86.6 mn, a decrease of 44.2% year-on-year from EUR 155.1 mn in the first three quarters of 2012. Earnings per share, calculated on the basis of Lenzing shares outstanding, were EUR 3.21 in the first nine months, down from EUR 5.67 in the previous year.
    Investments in intangible assets and property, plant and equipment (CAPEX) totaled EUR 180.6 mn in the first nine months of 2013, below the prior-year level of EUR 213.7 mn. The focal point of the investment activity on the part of the Lenzing Group was construction of the new large-scale TENCEL® production plant at the Lenzing site, completion of the conversion and refitting work at the Paskov/CZ pulp plant as well as infrastructure investments. Adjusted Group equity as of the end of September 2013 rose slightly to EUR 1,163.4 mn, up 0.9% from the comparable figure of EUR 1,153.1 mn at the end of 2012. This corresponded to an adjusted equity ratio of 46.2% of total assets (December 31, 2012: 43.8%). Due to the investment activity of the Lenzing Group, net financial debt increased to EUR 461.2 mn in the first nine months of 2013: (December 31, 2012: EUR 346.3 mn). Accordingly, net gearing was 39.6% (December 31, 2012: 30.0%).
    The number of employees in the Lenzing Group as at September 30, 2013 totaled 6,772 people, down from 7,033 at the end of 2012 and 6,958 at the end of the third quarter of 2012.

    Revised guidance for 2013
    No imminent change in the difficult business environment can be expected on the global fiber market. The continuing high level of cotton inventories has unfavorable effects on the entire fiber industry. The International Cotton Advisory Committee (ICAC) expects inventories to rise by an additional two million tons to 20.8 mn tons by the end of the current season (end of July 2014)*.
    Lenzing expects price pressure to remain strong in the fourth quarter of 2013. For this reason, Lenzing has revised its guidance for the entire year 2013. Accordingly, consolidated sales are expected to total about EUR 1,9 bn for 2013 as a whole (last guidance: EUR 2.0 bn). EBITDA will likely amount between EUR 220 - 230 mn due to restructuring costs for operational restructuring measures (last guidance: EUR 280 mn), whereas EBIT will total approximately EUR 75 - 85 mn (last guidance: EUR 160 mn), which can be attributed to one-off costs for write-downs.
    (Lenzing Papier GmbH)
     
    14.11.2013   Kemira to implement global price increase for pulp and paper chemicals    ( Company news )

    Company news Kemira will implement a price increase up to 15 %, depending on product segment, for its Pulp and Paper Chemicals. The adjustment will affect selected product lines between 5-15% and will be immediately implemented or as existing contracts allow.
    The price increase is an effect of increases in all major cost drivers; including key feed stocks and raw material, energy and transport. Kemira has continuously rationalized operations and reduced fixed costs, but has now reached a point when a price increase is necessary to secure the position as a strong supplier to the Pulp & Paper Industry.
    (Kemira, Paper Segment)
     
    14.11.2013   New Sales Director for Intec UK    ( Company news )

    Company news Robin Janes joins John Anderson, Operations Director and Mark Baker-Homes, Director of Business Development on the Senior management team as Sales Director this November.

    Joining us from NRG International (part of the Ricoh Group), Robin has more than 21 years’ experience in solutions based printing coupled with a strong background in sales and business management of over 130 distributors in 96 countries around the world.

    “I am delighted to be joining the Intec team at such a pivotal point in the company’s history” said Robin.
    “With an exciting new product lineup, a clear direction to expand the company’s operations plus strong signs of economic recovery from around the globe, I will be looking not only to introduce new long term distributors but also to maximise the potential of the existing network.
    Furthermore, I am keen to learn from our trusted partners how they would like to see the Intec Business develop and to find new and improved ways of motivating their own sales and marketing staff.”

    In his spare time Robin likes to get off the beaten track, either by exploring the remoter regions of the UK and Europe in his motor home or by sailing around the coastlines of the English Channel. Married with 2 grown-up children, he also enjoys experimental cooking at home using many of the different experiences and techniques from his overseas travel.

    Ian Melville, Managing Director, stated “I am delighted that Robin is joining Intec at this very significant point of time in our growth and as we launch additional ground breaking products to the Intec family. Robin’s huge experience in channel sales development will enable us to maximise Intec’s growth globally in the coming months and years ahead.”

    With all the new and exciting products coming Robin’s Focus will be to develop sales into new territories and to further grow Intec’s business.

    Robin can be contacted from the 18th November at:
    robin.janes@intecprinters.com
    or via our Sales Co-ordinator,
    Lauren Fox:
    lauren.fox@intecprinters.com
    and on +44 (0)1202 845 960
    (Intec Printing Solutions Limited)
     
    14.11.2013   Future Valmet to supply a complete tissue line for Faderco in Algeria    ( Company news )

    Company news Metso’s Pulp, Paper and Power business, the future Valmet, supplies a complete tissue line for the Algerian company Faderco. The order also includes an automation solution for machine, process and quality controls. The tissue line will be installed on Faderco’s new site at Setif, Algeria. The start-up of the tissue machine is planned for the second quarter of 2015. The value of the order will not be disclosed. A part of the order is included in Metso’s Pulp, Paper and Power segment’s third quarter 2013 orders received, and the automation package in Automation segment's fourth quarter 2013 orders received.
    The order is a result of a long and thorough planning and market evaluation process done by Faderco. "After thorough investigations and evaluation we came to the conclusion that Metso is the right partner for Faderco for such an important project which will establish high quality tissue paper production on the Algerian market,” says Amor Habes, owner of Faderco.
    “We are very impressed with the well founded investment and technical analysis done for the project. The detailed preparation done already in an early stage will certainly contribute to the success of this project. We are proud to be part of the growth of the Faderco company,” says Jan Erikson, Vice President Sales, Pulp, Paper and Power, Metso.

    Technical information
    The tissue production line will have a design capacity of around 30,000 tons a year of high-quality facial, toilet and towel grades. The raw material for the new lines will be virgin fiber.
    Metso’s scope of delivery will comprise of one complete tissue production line featuring stock preparation systems and an Advantage DCT 100+ tissue machine. The machine is equipped with an OptiFlo headbox, a Metso Yankee cylinder, an Advantage AirCap, an Advantage WetDust dust system and an Advantage SoftReel A reel. The stock preparation line consists of OptiSlush pulper, OptiFiner conical refiners and deflaker and OptiScreen screens. Also an advanced MC20T rewinder with calender as well as roll transporting and wrapping equipment is included in the delivery. In addition to the paper making process Metso supplies complete electrical systems and effluent treatment of the waste water coming from the process.
    The delivery also includes an automation package with Metso DNA machine and process controls and Metso IQ quality controls. Complete installation supervision, training, start-up and commissioning are also part of the delivery. The supply is based on total Mill Engineering by Metso. A smooth and successful start-up of the tissue production line is ensured through a one year on-site support, by Metso.
    (Metso's Pulp, Paper and Power segment)
     
    14.11.2013   Voith installs VariFlex winder at Mpact in record time    ( Company news )

    Company news In June 2013, Voith installed a new VariFlex winder at Mpact’s PM 3 in Felixton, South Africa, in just eight days. Two days after start-up, the maximum operating speed of 2,500 m/min was reached.
    With this project Mpact Ltd. pursued two goals: Compared to the former winder, the new VariFlex should feature a 50% higher processing capacity, thus allowing to cope with a planned increase in production at the PM 3 in the future. In addition, the time from switching off the old winder until starting up the VariFlex was reduced to an absolute minimum. The combined efforts of the Voith and Mpact installation teams enabled the start-up of the winder two days earlier than the demanding 10-day planned schedule. The two goals were achieved.
    The efficient installation and start-up process was made possible by a special procedure. Even before the new winder was delivered, it was taken into operation at Voith in Krefeld, Germany, then packed into three oversize containers and shipped to South Africa. In Felixton, a crane lifted the winder into the mill, where it was installed in the course of 24-hour shifts.
    “The new winder has removed the bottleneck in our process. We have already seen an 8 % speed increase on the paper machine and are looking forward to the next machine upgrade knowing we are not constrained of the front end“, says Brian Smith, Mill Manager at Mpact Felixton.
    (Voith Paper GmbH & Co KG)
     
    14.11.2013   Rayonier: China Ministry of Commerce Issues Preliminary Determination for Dissolving Pulp ...    ( Company news )

    Company news ... Anti-Dumping Investigation

    Picture: Paul G. Boynton (Rayonier Chairman, President and CEO)

    Rayonier’s high value Cellulose Specialties excluded from dumping determination

    Rayonier Inc. (NYSE:RYN) announced that on November 6, China’s Ministry of Commerce (MOFCOM) issued the following preliminary determination regarding the import of Rayonier dissolving pulp products into China:
    1) Rayonier’s high purity cellulose acetate and other high purity products will not be subject to any duties as they are specifically exempted.
    2) Rayonier’s lower purity Fibernier grade product used in commodity viscose applications will be subject to a 21.7 percent interim duty effective November 7.

    Paul Boynton, Chairman, President and CEO stated, “While we are pleased that MOFCOM recognized the unique characteristics of our high-purity cellulose specialty products, we intend to challenge the interim duty on commodity viscose as it appears to be based on inaccurate assumptions.”
    In February 2013, MOFCOM initiated an anti-dumping investigation of imports of dissolving wood, cotton and bamboo pulp into China from the U.S., Canada and Brazil during 2012. These determinations by MOFCOM are preliminary and subject to change upon the completion of its investigation and issuance of its final determination, which is expected in the first half of 2014.
    Rayonier is currently reviewing the basis for MOFCOM’s duty calculation and expects to submit a formal response next week. In addition, the Company is evaluating all potential product and market segment options that its broad range of capabilities provides in the event that MOFCOM’s preliminary duty is not materially reduced or eliminated. Rayonier does not expect that MOFCOM’s preliminary duty will materially affect its business results.
    (Rayonier Inc.)
     
    14.11.2013   Heidelberg increases profitability significantly – earnings target confirmed    ( Company news )

    Company news -Operating result excluding special items (EBITDA) of € 33 million in second quarter significantly up on same quarter of the previous year (€ 13 million)
    -Free cash flow for Q2 positive at € 28 million (previous year: € -3 million); net financial debt further reduced
    -Sales at € 593 million in Q2 better than in Q1 (€ 504 million), but well below previous year (€ 697 million); negative impact of strong euro
    -Outlook - net profit remains target for financial year 2013/2014

    Picture: Heidelberg CFO Dirk Kaliebe


    Heidelberger Druckmaschinen AG (Heidelberg)
    significantly improved profitability in the second quarter of financial year 2013/2014 (July 1 to September 30, 2013). As expected, the operating result (EBITDA) in the second quarter was clearly above the previous year's figure. EBITDA for the first half of the year also improved considerably and was positive overall. Net financial debt fell slightly due to the positive free cash flow.
    "We have succeeded in improving profitability significantly in the first half of the year," said Heidelberg CEO Gerold Linzbach. "Given regional and exchange rate constraints, we even exceeded our expectations, having made major progress toward achieving our target for the year of a net profit. Our confidence that we will be able to further build on this significantly in the next financial year is growing in light of the improvements at all levels."
    Consolidated net sales in the second quarter were € 593 million after € 697 million in the same period the previous year, which was influenced by the drupa trade show. As expected, sales rose by around 18 percent on the previous quarter (€ 504 million). At € 1,097 million, they were around 10 percent lower in the first half of 2013/2014 than in the equivalent period of the previous year (€ 1,217 million). Due to the substantial weakening of individual major foreign currencies, negative exchange rate effects amounted to € 30 million in the second quarter alone, with a total of € 42 million in the first half of the year. This currency weakness also led to considerable reluctance to invest in regions such as Brazil.

    Measures to boost profitability deliver results
    As expected, all KPIs affecting the results improved significantly in the second quarter on the same period of the previous year thanks to sustained savings from Focus 2012 and measures to increase margins. EBITDA excluding special items rose considerably from € 13 million in the same quarter of the previous year to € 33 million in the quarter under review. After six months, a clearly positive result of € 31 million was achieved following a figure of € -34 million in the same period of the previous year. The operating result (EBIT) excluding special items in the second quarter was also in the black at € 13 million (previous year: € -7 million). The half-yearly figure improved from € -75 million in the previous year to € -7 million.
    The financial result in the second quarter was € -16 million (previous year: € -11 million) and € -28 million after six months (previous year: € -23 million). The previous year included positive one-time effects from interest on tax refunds. At € -3 million, the pre-tax result in the quarter under review was almost at break-even (previous year: € -35 million). In the first half of 2013/2014, the pre-tax result improved significantly from € -120 million to € -36 million. The net result in the second quarter of the current financial year was € -9 million (previous year: € -31 million). Consequently, the cumulative net result for the first half of the current year improved to around € -47 million after € -108 million in the previous year.
    Incoming orders amounted to € 614 million in the second quarter (previous year: € 667 million). At € 646 million, this matched the average of the previous quarters after adjustment for exchange rate movements. Incoming orders in the first half of 2013/2014 totaled around € 1,257 million. The higher incoming orders of € 1,558 million in the same period the previous year were due, among other things, to the drupa trade show, which was held in the first quarter of 2012/2013. At € 598 million, the Heidelberg Group's order backlog at September 30, 2013 remained stable compared to the previous quarter (€ 602 million).

    Free cash flow positive, net financial debt further reduced
    The positive trend in free cash flow continued and was € 28 million in the second quarter, improving by around € 31 million on the same quarter the previous year thanks to the increased operating result and the freeing up of net working capital. After six months, it had improved by € 143 million to € 28 million on the same period the previous year.
    As a result, net debt fell year-on-year to € 239 million (same quarter of previous year: € 357 million). Despite further payments for Focus 2012 amounting to € 12 million, debt continued to fall in the quarter under review compared with March 31, 2013 (€ 261 million).
    "The measures taken in asset and net working capital management to sustainably cut net debt at Heidelberg as planned are increasingly having an impact," said Heidelberg CFO Dirk Kaliebe. "Our financing structure is on a sound footing in light of our successful issue of a convertible bond and our bond maturing in April 2018."
    As planned, the workforce fell to 13,616 as of September 30, 2013 (same quarter of the previous year: 14,745).

    Outlook: Net profit remains target for financial year 2013/2014
    The outlook for the 2013 / 2014 financial year and the aim of generating a consolidated net profit remain unchanged. In past quarters, Heidelberg has increasingly geared its strategy towards improving profitability in order to become more independent of general economic conditions. The figures for the first half of 2013 / 2014 show that the company is making good progress in this. Nonetheless, the operating break-even point needs to be adjusted further in order to be better prepared for volatility in individual markets among other things. Heidelberg is therefore using all available tools to make working hours more flexible in addition to the measures forming part of the Focus 2012 efficiency program. Furthermore, we will push for a continued improvement in product-specific profit contributions. As in the first half of the year, this will lead to an increase in the result of operating activities excluding special items in the second six-month period; the figure for the year as a whole will be significantly higher than in the previous year.
    In light of the substantial depreciation of certain key foreign currencies, particularly the Japanese yen and the US dollar, we expect currency translation to continue to have a negative impact on sales volumes in the coming months. The reluctance to invest in some markets such as Brazil is likely to persist in the second half of the year. The sales forecast also takes into account possible volume reductions due to the gradual scaling back of low margin business. At present, the overall sales risk amounts to a single-digit percentage compared with the previous year.
    The company anticipates additional extraordinary expenses in the current financial year in connection with Focus 2012. The financial result will improve slightly compared with the prior-year figure, which was reported in accordance with IAS 19 (2004). Given the measures initiated and in light of the positive trend already seen in the first two quarters, Heidelberg continues to strive for a consolidated net profit in the 2013 / 2014 financial year.
    (Heidelberger Druckmaschinen AG)
     
    13.11.2013   Pallmann HydroFiner separates laminated plastics from paper packaging and labels on ...    ( Company news )

    Company news ... a large scale

    Picture: Pallmann HydroFiner separates laminated plastics from paper packaging and labels on a large scale. (Photo: PALLMANN Group, PLMPR026)

    Large amounts of post-consumer laminated plastic packaging can be separated from adhesive labels quickly and efficiently with the HydroFiner from Pallmann. The company is one of the world's leading developers and suppliers of recycling technology and equipment. The HydroFiner made his debut on Pallmann’s stand at K2013.

    Legislation around the world sets strict criteria on disposal of packaging waste, and there is even discussion in some industrialized countries of new laws that would enforce waste handling within the region where it is created. Pallmann anticipates increasing demand for recycling plants to handle this waste. With its decades-long experience in recycling technology, the company is already in a strong position to meet needs for a wide range of recycling needs.

    Now, with the introduction of the HydroFiner, Pallmann is offering a new solution for removing labels from laminated plastic for paper packaging that will facilitate recycling in high volumes. The HydroFiner uses hydro-mechanical action to remove sticky cellulose-based laminate from packaging, yielding high quality clean material for further processing.

    Large amounts of packaging waste created along the supply chain are relatively clean, but less than simple to recycle because they include paper labels, often attached with strong adhesives. The traditional method of recycling such waste is to granulate it and reprocess it in an extruder. However, this requires a lot of melt filtration and frequent changes of melt filters. It may be possible to remove the labels by washing the packaging, but this most probably will require the use of hot water, which obviously consumes energy; the alternative use of solvents introduces another cost.

    “We decided to develop the industrial equivalent of rather basic methods that are already used in developing countries, where large amounts of film waste are handled today,” says Mr. Rolf Gren, Senior Executive VP PALLMANN Group.
    “There, the labels are often removed by vigorously brushing them off manually. We wanted to mimic this process—and obviously improve on it—in a machine.

    “This is what we have in the HydroFiner. Here, a large amount of waste is intensively rubbed between two surfaces, together with a small amount of water. The material rubs mostly against itself, rather than the metal surfaces of the machine, the labels and the glue are separated and removed, and the packaging is reduced to flakes.”

    The process, for which Pallmann has applied for a patent, is based on two discs —a rotor and a stator- with material being fed to the centre via an augur, and then moving to the outside through pairs of intermeshing teeth. The time the material is retained between the discs can be adjusted by changing the speed of the rotor and by adjusting the amount of water. The water is injected at three separate locations to provide increased precision, and is recycled back into the system after use. The HydroFiner is capable of throughputs of up to 1800 kg/hour of packaging waste.

    The HydroFiner has a modular construction that enables it to fit into a 20- or 40-ft container for ease of transport and assembly.

    Pallmann has already sold two HydroFiners, which generated lots of interest at K 2013. “Packaging waste recycling on an industrial scale can only succeed if processors have highly cost-effective equipment to work with,” says Gren. “We believe the HydroFiner can be an important aid to improving their chances of success.”
    (Pallmann Maschinenfabrik GmbH & Co KG)
     
    13.11.2013   KBA: Order and sales shortfall strains earnings    ( Company news )

    Company news Third quarter report for Koenig & Bauer (KBA)

    --- Weak web press market continuing --- Subdued demand in sheetfed and special presses --- Measures to cut personnel and production costs taking effect

    --- Positive cash flow, solid financial profile and high liquidity --- Portfolio expansion in growing packaging segment --- Realignment should sustainably improve earnings --- Outlook for 2013: Profit before special expenses

    Koenig & Bauer (KBA), the world’s second-largest press manufacturer, has scaled down its expectations for 2013. Although previous restructuring measures are taking effect, in the first nine months KBA’s sales and order figures suffered substantially due to market and economic developments. The management now seeks to sustainably improve earnings by advancing the realignment of the group. By the end of the year KBA thus expects negative impacts from restructuring expenses and impairments, the exact amount of which is currently not quantifiable. The company, which has a broad portfolio of sheetfed, web, special and digital press lines addressing diverse print markets, is particularly feeling the effects of the significantly reduced market volume for web presses. In addition, business with sheetfed offset presses and systems for banknote printing was more restrained than expected.
    In the third quarter the volume of new orders in the KBA Group was 7.4% up on the corresponding figure for 2012. For the whole nine months, however, order intake at €709.6m was 14.1% down on the prior-year figure boosted by Drupa (€826m). Additionally, postponed special press shipments led to a 20.3% drop in group sales to €729.9m compared to the previous year (€916.2m). Group order backlog of €627.7m at 30 September was also lower than 2012 (€735.5m). Due to the shortfall in sales and restructuring expenses the operating result came to –€10.7m in comparison to +€18.9m last year. Including a financial loss of –€5.6m, KBA posted a pre-tax loss (EBT) of €16.3m. In the first nine months of 2012 the company showed a profit of €10.8m. Group net results stood at –€20.2m (2012: +€4.5m), which corresponds to earnings per share of –€1.22.

    Diverse development within segments
    KBA achieved the highest figure for the last four quarters in its sheetfed offset segment with new orders from July to September totalling €164.7m. The company’s strong position in the folding carton and metal-decorating market segments has borne fruit. However, after nine months order intake of €458.5m in this division was 11.5% lower than last year’s figure which benefited from Drupa. At €381.4m sales were a modest 3.5% below the previous year (€395.4m). The sheetfed segment posted an operating profit of €1.6m in the third quarter thanks to cost cutting and slightly better prices. At –€7.8m after nine months the operating result was significantly better than in 2012 (–€21.3m).
    Despite KBA’s strong position in newspaper printing and the first orders for the new digital press, new orders in the web and special press fell 18.5% to €251.1m, compared to €308.2m in 2012. Along with investment reluctance of web printers, the security press business which has slowed since the previous year also contributed to this decline. To 30 September sales of web and special presses came to €348.5m, around two-thirds of the prior-year figure of €520.8m. Insufficient capacity utilisation at KBA web press facilities and a smaller earnings contribution of special presses reduced operating result after nine months from €40.2m in 2012 to –€2.9m.

    More domestic sales
    An increase in domestic sales of nearly 50% compared to 2012 reduced the export ratio to 80.4%. At 25.2% (2012: 29.7%) the volume of shipments to other parts of Europe was far below the historical average due to economic weakness. Revenue in the region Asia/Pacific rose from 24.4% to 28.9%. North America contributed 11.2%, Africa and Latin America 15.1% to the group total.

    Solid financial profile and positive cash flows
    Although inventories swelled in preparation for shipments in the fourth quarter, cash flows from operating activities were clearly positive at €30m. This was mainly due to higher customer prepayments and a reduction in trade receivables. After deducting cash flows for investing activities the free cash flow came to €2.1m. Along with ample credit lines, funds stood at €183.7m. Less bank loans down to €14.9m, net liquidity stood at €168.8m. High net liquidity and an equity ratio of 34.9% underscore the continuing solid financial profile of KBA.

    Capacity adjustments continue
    Including 114 career starters at the end of September KBA had 6,218 employees on its group payroll, 94 fewer than twelve months earlier. The training ratio rose from 6.5% to 7.1% with 444 apprentices and trainees group wide. The total at the already consolidated companies belonging to the group is expected to fall further when approved measures and the planned realignment come into effect.

    Outlook for 2013
    Despite strong sales in the fourth quarter typical for the industry, KBA management expects lower annual group sales of around €1.1bn compared to last year (€1.29bn). Revenue of web and special presses will fall further behind last year than sheetfed presses. The KBA subsidiaries targeting metal-decorating and industrial coding will reach or even exceed their targets.
    Management considers the sales and earnings targets for 2013 announced in March and already subdued in the half-year report on 9 August to be no longer attainable. CFO Dr Axel Kaufmann: “Along with the total group sales to be generated by the end of the year, the product mix delivered as well as the extraordinary expenses for restructuring measures and impairments will have a significant impact on the annual result in the group. Currently this amount is not yet foreseeable, but will lead to a loss in 2013. Excluding special items, we are still targeting a positive operating result and balanced group earnings before taxes (EBT).”
    CEO Claus Bolza-Schünemann: “We will provide further information on group realignment by the end of the year as soon as the concept planned is adopted by the management and supervisory boards.”
    (Koenig & Bauer AG (KBA))
     
    13.11.2013   Cascades releases its best quarterly financial results since 2010    ( Company news )

    Company news Cascades Inc. (TSX: CAS), a leader in the recovery and manufacturing of green packaging and tissue paper products, announces its unaudited financial results for the three-month period ended September 30, 2013 .

    Picture: Mario Plourde, President and Chief Executive Officer

    Q3 2013 Highlights
    -Sales of $995 million (compared to $982 million in Q2 2013 (+1%) and $906 million in Q3 2012 (+10%))
    -Excluding specific items
    -EBITDA of $96 million (compared to $83 million in Q2 2013 (+16%) and $78 million in Q3 2012 (+23%))
    -Net earnings per share of $0.07 (compared to net earnings of $0.09 in Q2 2013 and net earnings of $0.05 in Q3 2012) 2
    -Including specific items
    -EBITDA of $83 million (compared to $82 million in Q2 2013 (+1%) and $83 million in Q3 2012 (+0%))
    -Net earnings per share of $0.12 (compared to net earnings of $0.03 in Q2 2013 and net earnings of $0.02 in Q3 2012) 2
    -Net debt of $1,601 million (compared to $1,675 million as at June 30, 2013 ), including $128 million of non-recourse net debt.
    -Ramp-up of the Greenpac containerboard mill progressing as planned.
    -Announcement of plans to convert and start-up a second paper machine at our Tissue Papers Group's Oregon mill.

    Mr. Mario Plourde , President and Chief Executive Officer, had the following comments on the third quarter results:
    "We are pleased with our third quarter results that represent our best EBITDA performance since 2010. Our two largest sectors, Containerboard and Tissue Papers, performed better, both sequentially and year-over-year. Both sectors benefited from improved productivity. The pricing environment in the Containerboard sector and sustained demand in the Tissue Papers sector have also helped to counterbalance higher raw material costs. In Europe, our boxboard activities also slightly improved their results compared to last year and the sequential decrease in volume is usual for this quarter. The Specialty Products Group continues to improve its financial performance. Our EBITDA was negatively impacted by approximately $4 million during the third quarter following flooding incidents resulting in additional maintenance and repair expenses and unplanned downtime for a shortfall of 5,800 tons at our existing containerboard mill in Niagara Falls and 4,000 tons at our fine paper mill in St-Jérôme.
    "The Greenpac mill successfully started its production as planned on July 15. The ramp-up is progressing according to plan and we are pleased with the efficiency of the machine and the quality of the board. Average daily production during the quarter was 532 tons per day with recent peaks at over 1,300 tons on a nameplate capacity of 1,500 tons per day. In addition, although not consolidated in our results, positive operating income before depreciation was achieved in September."

    Results analysis for the three-month period ended September 30, 2013 (compared to the same period last year)
    In comparison with the same period last year, sales increased by 10% to $995 million as a result of higher volumes, favorable exchange rates and higher average selling prices.
    Operating income, excluding specific items, increased from $33 million during in Q3 2012 to $50 million for the third quarter of 2013. In addition to the above-mentioned factors, lower energy costs and the impact of plant closures positively contributed to results and helped to offset higher production and administrative expenses. Compared to the third quarter of 2012, our Containerboard Group significantly improved its operating income due to higher volumes, selling prices and the positive effects of plant closures in Ontario in 2012. Our Tissue Papers Group recorded higher operating income due to higher volumes and selling prices. The operating income for our Boxboard Europe segment was slightly higher due to lower energy costs and the depreciation of the Canadian dollar against the Euro. Finally, the costs related to corporate activities increased due to the fact that costs related to the implementation of our new ERP system are no longer capitalized.
    When including specific items, operating income amounted to $37 million in comparison to $36 million for the same period of last year. In the third quarter of 2013, the following specific items, before income taxes, impacted our operating income and/or net earnings:
    -a $20 million impairment charge recorded within our Specialty Products Group (operating income and net earnings);
    -a $7 million unrealized gain on derivative financial instruments (operating income and net earnings);
    -a $1 million gain on interest rate swaps (net earnings);
    -a $11 million foreign exchange gain on long-term debt and financial instruments (net earnings);
    -a $5 million gain on the share of results of associates, joint ventures and non-controlling interest (unrealized gain on derivative financial instruments (net earnings)).
    Net earnings excluding specific items amounted to $7 million ( $0.07 per share) in the third quarter of 2013 compared to net earnings of $4 million ( $0.05 per share) for the same period in 2012. Including specific items, net earnings amounted to $11 million ( $0.12 per share) compared to net earnings of $2 million ( $0.02 per share) for the same quarter in 2012.

    Results analysis for the three-month period ended September 30, 2013 (compared to the previous quarter)
    In comparison to the previous quarter, sales increased by 1% to reach $995 million due to favorable foreign exchange rates and higher average selling prices partially offset by lower volume in Europe.
    Excluding specific items, operating income increased by more than 28% to reach $50 million . As mentioned above, higher average selling prices improved the operating income along with lower energy and selling and administrative expenses. Net earnings for the third quarter of 2013 were $7 million ( $0.07 per share) compared to net earnings of $8 million ( $0.09 per share) during the previous quarter. Net earnings for the quarter were negatively affected by a higher income tax rate and our share of the results of our investments which now include the contribution of the Greenpac mill.
    Net debt decreased by $74 million to $1,601 million due to the favorable exchange rates and stronger operating results.

    Near-term outlook
    In commenting on the outlook, Mr. Plourde added: "The third quarter results confirm our view that the second half of 2013 will be better in terms of profitability. For the next quarter, we also expect to perform better than last year. Inherent seasonality is always associated with the month of December. The volatility of recycled fibre costs should remain manageable and business indicators still seem favorable.
    We will continue to ramp-up the Greenpac mill. Our objectives of reaching full capacity within 12 months and achieving break-even OIBD for the year 2013 still stand. In addition, as previously announced, we have started to work on our second tissue paper machine at our existing Oregon mill. We are excited about this project which will strengthen our growing presence in the North American tissue market. Finally, normal seasonal reduction of our working capital and careful monitoring of our capital investments should help to reduce our debt close to the year-end 2012 level."
    (Cascades Inc.)
     
    13.11.2013   On track to reach synergy targets ahead of plan    ( Company news )

    Company news CEO Per Lindberg (picture) comments on the development during Q3 2013:
    “Third quarter’s results show a stable performance. Our adjusted operating profit reached SEK 331 million corresponding to an adjusted operating margin of 7% which, taking the negative impact from the planned maintenance shutdowns into consideration is satisfactory.
    The quarter has been very eventful in our production units with two planned maintenance shutdowns in Karlsborg and Skärblacka. After some delay in Skärblacka in connection with the major rebuild, all machines are now up and running again and performing as planned.
    During the quarter, we have agreed on new long-term contracts with all major customers for liquid packaging board, which will contribute to long-term stability of demand. In general, however, the European market currently continues sideways, without strong signs of improvement. We therefore strengthen our efforts to increase sales outside Europe in markets with more healthy demand and we re-allocate resources from Europe to these areas.
    The Board of Directors have approved an investment in one of the board machines in Gävle amounting to approximately SEK 220 million. The purpose of the investment is to increase machine capacity with approximately 10% to support further growth within the attractive liquid packaging board market. The investment will also improve both cost efficiency and product quality and the rebuild will take place during the planned maintenance shutdown next year.
    During the quarter the remaining 70% of the shares in PACCESS Packaging LLC in the US were acquired. This is strengthening BillerudKorsnäs’ position to bring smarter packaging solutions to brand owners and is a further step in challenging conventional packaging.
    The integration efforts are progressing relentlessly and I am pleased to end on the note that we now have realised synergies corresponding to an annual pace of approximately SEK 300 million. The synergy targets are expected to be reached approximately a year ahead of plan during 2014.
    Finally, I just want to remind you of our Capital Markets Day on 14 November 2013, in Stockholm. I hope to meet many of you there.”
    (BillerudKorsnäs AB (publ))
     
    13.11.2013   KaMin LLC Announces Price Increase for Paper Grade Kaolin Clays    ( Company news )

    Company news KaMin LLC announced that it will increase prices for kaolin clay products for the global paper industry 4 to 7% depending on the product category, effective January 1, 2014, or as contracts allow.
    KaMin is committed to investing the necessary resources in technology, innovation and people for long-term sustainability in order to continue to serve its paper customers at a high level. KaMin’s goal is to create the greatest value for its paper customers through partnerships geared towards delivering cost effective solutions designed to reduce coating formulation cost and to optimize paper and printing performance.
    KaMin LLC also announces that its 2014 energy surcharge policy, which will be effective on January 1, 2014, will remain unchanged from the KaMin 2013 energy surcharge policy. The threshold of $6/MMBTU and incremental surcharges by product type will remain the same. This
    policy applies to all slurry, spray-dried hydrous and calcined kaolin grades sold to the paper industry globally.
    (KaMin LLC)
     
    13.11.2013   Great expectations: Bischof + Klein has now commissioned a new cast film line for the ...     ( Company news )

    Company news ...production of label films

    Uwe Wiegand, head of the Industrial Packaging division's marketing department, expresses his high expectations of this modern machine: "Energy and resource efficiency are important factors of sustainable production for Bischof + Klein. This line, which is very large even by our standards, scores points in this regard."
    Bischof + Klein produces a wide range of films for the label industry. The majority of these are cast films. Customers use this film to manufacture a film laminate consisting of a siliconised substrate, e.g. polyester or paper, an adhesive and a cover material, the cast film from B+K. Together with the adhesive, this film subsequently forms the self-adhesive label.
    The films have to meet the highest optical and technical standards and are tailored to meet customers' individual requirements. They are provided with their particular flexibility and strength in special conversion steps. On the new cast film line, a firmly installed reel turner enables easier handling of the large reels, which weigh approx. 1.5 to 2.0 tonnes. Edge strips are directly recycled or further processed. Residual reels can also be recycled directly.
    A new central refrigeration system supplies the line with high-quality cooling water, which circulates in a closed-loop, oxygen-free system. The re-cooling plants on the roof of the central cooling system also help to save significant volumes of energy. Up to an outside temperature of 16 degrees Celsius, they enable "free cooling" without the use of a compressor. Six additional silos supply the line with granules. A further cast film line for producing surface protection films was also installed and connected to the central cooling system this year.
    (B+K Bischof + Klein GmbH & Co. KG)
     
    13.11.2013   WHY TAKE PART IN MIAC TISSUE BUSINESS POINT     ( Company news )

    Company news An event that completely embraces the world of tissue paper in just 2 days!
    A new business concept that brings together Technology, Finished Products, Raw Materials and Services, designed exclusively for companies operating in the tissue paper sector.

    MIAC Tissue Business Point is not a trade fair!
    It is a new business concept reserved to a maximum of 60 Companies organised – every two years – in Lucca, the heart of European tissue paper production and converting.

    New business opportunities!
    MIAC Tissue Business Point has been developed to support corporate interchange, to consolidate existing relationships and to develop and create new business opportunities.

    A streamlined Conference Programme!
    The Conference offers interesting content and studied to provide information dynamically and effectively to all the people involved in the tissue industry sector.

    THE EXHIBITORS OF MIAC TISSUE BUSINESS POINT
    ■ Technology suppliers in the tissue industry sector
    ■ Producers and Converters of tissue paper
    ■ Raw materials suppliers in the tissue industry sector
    ■ Services suppliers in the tissue industry sector

    THE VISITORS OF MIAC TISSUE BUSINESS POINT
    ■ Managers and Technicians of Paper Mills and Converters of tissue paper
    ■ Marketing and commercial department of Paper Mills and Converters
    ■ Big Buyers, Mass Retailers, Wholesalers, Office Suppliers, Paper Trading

    MIAC Tissue Business Point location and opening time:
    ■ Lucca Fiere Exhibition Centre – Via della Chiesa XXXII 237 – 55100 Lucca (Italy)
    ■ 26 – 27 March 2014: business starts at 9.30 a.m. – business ends at 05.30 p.m.
    ■ Entrance to MIAC Tissue Business Point 2014 is free of charge.
    (Edinova Srl)
     
    12.11.2013   Art exhibitions by Manon Bellet with paper from Mitsubishi HiTec Paper    ( Company news )

    Company news Born in Vevey, Manon Bellet lives and works in Berlin. Her first exhibitions in a Swiss museum will take place in the Kunstmuseum Solothurn and in the Musée Jenisch Vevey. The work of Manon Bellet is closely concerned with paper, its fragility and potential to disappear - supported with thermal paper from Mitsubishi.

    Nov 29, 2013 - Feb 2, 2014: Kunstmuseum Solothurn
    March 14, 2014 - June 1, 2014: Musée Jenisch Vevey
    (Mitsubishi HiTec Paper Europe GmbH)
     
    12.11.2013   Sappi Fine Paper Europe invests for cost leadership     ( Company news )

    Sappi Fine Paper Europe has confirmed investment plans over the next three years amounting to approximately €120 million for its two leading coated graphic paper mills which will significantly reduce the cost base and improve the profitability of these two worldclass mills.
    For the Sappi Gratkorn Mill in Austria, the investment will focus on upgrading pulp production facilities, as well as papermaking capabilities. Gratkorn currently produces almost one million tons of coated woodfree paper per annum. The investment is aimed at securing sustained cost reductions, increased flexibility in production and further improved profitability rather than at increasing capacity.
    The investment in Sappi’s Kirkniemi Mill in Finland, one of Europe’s largest and most modern coated magazine paper mills, entails the building of a new power plant on the mill site, significantly improving cost competitiveness and profitability.
    Berry Wiersum, CEO Sappi Fine Paper Europe commented: “Despite a tough environment we are making progress with the necessary transition work identified to strengthen the company and improve our profitability into the future. We are optimistic about our Gratkorn and Kirkniemi investments and look forward to the benefits that they will return to the company in the coming years. The investments are aimed at upgrading, modernising and securing further substantial cost reductions.”
    (Sappi Europe S.A.)
     
    12.11.2013   UPM and Canfor Pulp enter into Pulp Sales Cooperation    ( Company news )

    Company news The Finland-based UPM-Kymmene Corporation (UPM) and the Canada-based Canfor Pulp Products Inc. (Canfor Pulp) have agreed on a strategic sales and marketing cooperation. Beginning 1 January, 2014, UPM’s Pulp Sales network will represent and co-market Canfor Pulp in Europe and China while Canfor Pulp’s sales network will represent and co-market UPM Pulp in North America and Japan. In the initial phase, the cooperation agreement will include six grades of market pulp and approximately one million tonnes of pulp sales from eight mills on three continents.
    Both parties consider the agreement to be a significant strategic step. Customers will benefit from a broader product portfolio consisting of Premium Reinforcing Northern Bleached Softwood Kraft (PRP NBSK), Northern Bleached Softwood Kraft (NBSK), Northern Bleached Birch Kraft (NBBK), Bleached Eucalyptus Kraft (BEK), Unbleached Electrical Kraft Pulp (UBE), and Bleached Chemical Thermo Mechanical Pulp (BCTMP).
    “We are pleased to enter into this sales and marketing cooperation with Canfor Pulp, a renowned pulp producer in the industry. The cooperation will provide our customers with the most versatile range of Northern Softwood, Birch, Eucalyptus and mechanical pulp available in the global market combined with world-class technical service,” said Tomas Wiklund, Vice President, Sales and Marketing, UPM Pulp Business.
    “Canfor Pulp’s grades complement our current softwood and hardwood pulp range very well. The cooperation will also bring us access to new customers in new markets through Canfor’s established sales channels in North America and Japan,” said Wiklund.
    “We are very excited to be entering into this direct-to-market sales cooperation with UPM. This agreement will bring two significant and reputable market pulp producers together to offer our customers a broader technical approach and an enhanced product offering for a total fibre solution,” said Sean Curran, Vice President, Sales and Marketing, Canfor Pulp Products Inc.
    “Since 2009 when UPM started to operate as a market pulp supplier, we have consistently built our sales and customer service network in Europe and China. Today we sell over two million tonnes of our annual pulp production volume of 3.3 million tonnes to external customers mainly in the growing segments of tissue, packaging board and speciality papers in Europe and China,” said UPM’s Tomas Wiklund.
    (UPM)
     
    11.11.2013   Metso's Neles® capping valves give Stora Enso Nymölla mill an automated solution for its ...    ( Company news )

    Company news ... demanding batch cooking process

    Stora Enso Fine Paper’s Nymölla mill in Sweden selected Metso as the supplier of new capping valves for its batch digester line 1. In total, Metso will deliver 5 Neles PZ-series capping valves to replace the mill’s old hydraulic cappers. This gives Stora Enso an automated solution for its digesters replacing old valves and actuators that needed manual assistance in the chip filling phase and increasing overall productivity.
    The Neles PZ series of capping valves improves process safety, enhances process reliability and eliminates unscheduled process downtime thanks to its proven technology. Design features, like a preloading device mounted outside the valve body, prevent chips and liquor from causing hazards. Special interlocking systems, essential to plant safety, help lower maintenance costs.
    The Nymölla mill’s batch cooking process is a very demanding application because magnesium bisulfite is used as a cooking liquor. The local Metso sales and product line teams were able to offer Stora Enso Nymölla mill a solution that fulfilled their requirements by making a few technical changes to the standard Neles PZ-series capping valve design. These details were thoroughly discussed with the customer. Technical compliance, together with a proven track record in similar applications around the world, helped Stora Enso Nymölla mill decide in favor of the new capping valve solution.
    The Nymölla mill specializes in producing high quality office papers and has had a good working relationship with Metso already for decades. Today, the whole mill with two paper machines has an installed base of approximately 1,000 Metso valves. In addition, the mill’s PM 1 and 2 are equipped with Metso's automation system Metso DNA, Metso IQ quality control system, nelesACE basis weight valves and a range of profilers, which are fully integrated with Metso DNA. The new capping valves will also be connected to Metso DNA.
    The valves for this project will be delivered during 2014. All valves are scheduled for installation and commissioning by the end of the second quarter of 2014. The delivery contains 5 Neles PZ capping valves equipped with pneumatic actuators, control centers and Neles SwitchGuard intelligent on/off valve controllers.
    (Metso Oyj)
     
    11.11.2013   Heidelberg and Fujifilm join forces in inkjet printing    ( Company news )

    Company news FUJIFILM Corporation together with FUJIFILM Global Graphic Systems Co., Ltd. (Fujifilm), and Heidelberger Druckmaschinen AG (Heidelberg) have unveiled a strategic partnership in the area of inkjet printing.
    -Strategic global collaboration targets growth potential in commercial and packaging markets
    -Heidelberg gains access to Fujifilm's market-leading Inkjet technology, and Fujifilm will leverage Heidelberg's strengths in engineering and manufacturing 
    -Synergies expected by leveraging sales strength and global customer service network in each company

    Picture: Gerold Linzbach, CEO of Heidelberg

    Two global players have joined forces. Heidelberg, the major provider and partner for the global printing industry, and Fujifilm, the leading manufacturer of computer-to-plate (CTP) plate, are forming a broad alliance aimed at strengthening existing business and establishing a platform to drive new business in future-oriented markets. The alliance has a special focus on bringing next generation products to the attractive digital printing market and gives both companies access to advanced technologies Heidelberg and Fujifilm have in the prepress area. Meeting current and future customer needs remains primary for Fujifilm and Heidelberg as both companies continue to focus their portfolios on market segments with the greatest potential for profitability and growth.

    Heidelberg: "Our goal is to also become a global player in the digital printing applications market."
    "In Fujifilm we have found an internationally recognized partner with innovative strengths in future-oriented areas - consumables and inkjet technology. This marks a significant step forward in our corporate strategy", said Gerold Linzbach, CEO of Heidelberg. "Fujifilm's prepress capabilities and their technologies in the area can enhance and grow existing business. With Fujifilm's inkjet technology we can build on the experience in digital printing gained through other partnerships and quickly move into the peak performance segment. It is our goal to also become a global player in the growing digital printing applications market. Together with Fujifilm we can meet customer needs more efficiently and more quickly. Within three years we envision a sales potential for Heidelberg in the digital business of more than € 200 million."

    Fujifilm: "We can create new markets with our cutting-edge technologies."
    "Fujifilm and Heidelberg have led the printing industry in each domain. Heidelberg's reputation among world's printers is unique", said Shigetaka Komori, Chairman and CEO of FUJIFILM Corporation. "Its strong customer network opens important new possibilities for state of the art inkjet technologies. With Heidelberg's global market presence in the printing industry we can introduce our products to new customer groups and increase their potential. With Heidelberg's manufacturing know-how we will be able to enhance innovation and develop technologies that will open new roads in digital printing. Our cutting-edge inkjet technology, leveraged by the JET PRESS 720 for example, gains a new potential."
    (Heidelberger Druckmaschinen AG)
     
    11.11.2013   NDC at Flexible Packaging Middle East 2013, 9 - 11 December, Abu Dhabi, UAE    ( Company news )

    Company news The 5th edition of AMI's Flexible Packaging Middle East conference will take place at the Sofital Hotel in Abu Dhabi, UAE from 9-11 December 2013. AMI’s Flexible Packaging Middle East conference is an established forum where all stages of the packaging supply chain meet to discuss key trends and developments influencing market growth and profitability.
    The conference provides a comprehensive overview of the latest material, technology and business trends. The table top exhibition which runs alongside the conference provides companies with an excellent opportunity to present novel products and services to a relevant industry audience.
    NDC specializes in the continuous online profile measurement of the thickness of the polymer films used in flexible packaging as well as coatings and laminations, using its unique infrared. Xray and nucleonic scanning measurement solutions and will be participating in the conference with a tabletop display in the exhibition area. Find our display on table no.3.
    We look forward to meeting you in Abu Dhabi!
    (NDC Infrared Engineering)
     
    11.11.2013   Orchids Paper Products Company Announces Retirement Of CEO And Appointment Of Successor    ( Company news )

    Company news Orchids Paper Products Company (NYSE MKT: TIS) announced that Robert A. Snyder, President, Chief Executive Officer and Director of Orchids, will be retiring from the Company upon the expiration of the current term of his employment agreement on December 31, 2013. Mr. Snyder has resigned from the Board of Directors of the Company (the "Board") effective November 4, 2013, and he will step down as President and Chief Executive Officer on November 8, 2013. Mr. Snyder will continue to serve in an advisory role during a transition period through his retirement on December 31, 2013.
    Jeffrey S. Schoen, as former Chairman of the Board, said, "We wish to thank Bob Snyder for his contributions and distinguished service in leading Orchids over the past six years. Through Bob's leadership, the company has continued to grow while delivering significant value to our stockholders. We wish Bob the best of luck."
    Orchids also announced that Mr. Schoen has been elected by the Board to succeed Mr. Snyder as President and Chief Executive Officer of the Company, effective November 8, 2013.
    Mr. Schoen has been a Director of Orchids since 2007 and Chairman of the Board since May 2013. Prior to serving as a Director of Orchids, Mr. Schoen served as Executive Vice President of Cumberland Swan, Inc., a private label manufacturer of personal care products, from 2002 through 2006. From 1999 through 2002, Mr. Schoen was employed by Paragon Trade Brands, a private label manufacturer of disposable diapers and training pants, last serving as Vice President of Operations. Mr. Schoen holds a BS degree in chemical engineering from the University of Wisconsin.
    Effective November 4, 2013, Mr. Schoen resigned from his role as Chairman of the Board, but he continues to serve as a Director. Steven R. Berlin succeeds Mr. Schoen as the new Chairman of the Board.
    On behalf of the Board, Mr. Berlin stated, "The Board is excited to have Jeff Schoen assume the role of President and Chief Executive Officer of Orchids. Jeff is a strong leader and a talented executive, and his extensive knowledge of Orchids and the industry uniquely qualify him to lead the Company going forward."
    (Orchids Paper Products Co)
     
    08.11.2013   Voith chosen to modernize BSC's pulp drying machine    ( Company news )

    Company news Picture: OnQ FormingSens sensor

    Voith has just signed a contract to supply a package of solutions for the modernization of the pulp drying machine at Brazil's only dissolving pulp manufacturer, Bahia Specialty Cellulose (BSC).
    In March 2014, the Voith components will be installed in the forming and press sections of the pulp drying machine to achieve higher added value and quality in the final product.
    The modernization project will optimize the forming section of BSC's pulp drying machine through the installation of automatic vacuum control valves. The process will also become more efficient with a steam box for improved moisture cross profile and an OnQ FormingSens sensor, which measures the water weight in the pulp.
    In the press section, a NipcoFlex shoe press will be installed for higher linear pressure, thus ensuring a significant improvement in web strength. Furthermore, a higher dryness content will be achieved after the press section, allowing production to be increased and/or energy to be saved.
    (Voith Paper GmbH & Co KG)
     
    08.11.2013   De La Rue takes delivery of three POLAR N 115 PRO guillotines    ( Company news )

    Company news The world’s largest integrated banknote printer De La Rue has just taken delivery of three new POLAR N 115 PRO guillotines at its factory in Gateshead.
    De La Rue is replacing four Schneider Senator machines and has selected the make and model only after a thorough investigation of the market. Many of the plants within the De La Rue group are standardising on POLAR cutting technology.
    “We were impressed by the fact the POLAR guillotines would be networked to speed up set up and make the transfer of work between machines very easy,” says the De La Rue process manager at Gateshead. “The thread in banknote paper means the stock can be wavy so the TwinClamp, with swivel backgauge, is ideal and enables us to make micro-adjustments for different stock heights.”
    The TwinClamp is an option that allows users to increase ream height and output, improve quality by more constant clamping and reduce manual intervention.
    The 115cm width of the POLARs marries up comfortably with the largest sheets sizes from the presses at the De La Rue plant. They will run long-life knives supplied and sharpened by a company which understands the particular angles needed for banknote work. The OptiKnife facility on the POLAR N series makes changeover quick and safe.
    The touchscreen programmability and operation on the POLARs is popular with the operators who gave very positive feedback after the practical training. The guillotines are now all available for full production at the plant which operates 24/7 to meet customer demand.
    (POLAR-MOHR Maschinenvertriebsgesellschaft GmbH & Co. KG)
     

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    Buyers' Guide of Producers' and Converters' Products:
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    Board for packaging use
    Board, misc.
    Boxes, packages, etc.
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    Printing, fine and writing board
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    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

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