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    04.12.2015   MB Bäuerle has developed the multifunctional flat pile feeder FSA 52-Online for feeding cut sheet...    ( Company news )

    Company news ... or continuous forms in one single system

    Digital printing does not only mean investments in the prepress stage and in printing, but in most cases also in the postpress stage. This is due to the fact that the traditional separation between the print and postpress sectors is vanishing. What has been printed within a short time must also be delivered quickly. This means that very often there is no time to leave print finishing to a bookbinder.

    The handling before and after folding is becoming increasingly important because the appropriate technology at this point has a direct influence on the efficiency of the machines and the production costs of printed material. The capability of the peripheral technology determines how many machine operators are needed and whether specific processes can be integrated into the workflow. If the folding machine is used for certain products, a direct online connection to the digital printing machine is often the most advantageous solution, but in the past this meant some limitations as far as the jobs to be handled were concerned.

    With the new flat pile feeder FSA 52-Online from MB Bäuerle, folding systems can now be equipped with particularly flexible feeding options. The feeder makes it possible to load the online folding system with either cut sheet or continuous forms from the roll. This means that the folding machine can be integrated completely into the workflow of a continuous digital printing system, but it can also be used for all other traditional folding jobs. The feeder is adapted to the respective application within a very short time and thus offers a maximum flexibility for the user. A high stacking capacity and as well as simple operation are other advantages of the system.
    (MB Bäuerle GmbH)
     
    04.12.2015   Valmet-delivered TwinRoll press installed at Södra Cell's Mönsterås pulp mill in Sweden    ( Company news )

    Company news A Valmet-delivered TwinRoll Evolution press (photo) was successfully installed at Södra Cell's Mönsterås pulp mill in Sweden during the yearly shutdown in the end of September. This is the 85th TwinRoll Evolution press Valmet has delivered since the model was launched in 2009.

    "The new wash press will play an important role in our process to secure a grade of pulp that meets customer requirements and to achieve improved availability," says Olof Hellström, one of Södra's project managers.

    Fast commissioning
    Lars Harrysson, project leader at Södra, said that the installation and commissioning were highly successful, and that the schedule was maintained throughout the project. "Everything has worked out, and everyone has done their utmost to get the new press installed and running," says Harrysson.

    "The shutdown in Mönsterås was well planned which created the best possible conditions and enabled the efficient installation. Slightly more than one day after the start-up the press was up and running in nominal production of soft wood pulp, with a dryness that was well above the promised. The training was an important piece in the success. Committed and interested operators enabled a quick knowledge transfer," says Mikael Johansson, Project Manager at Valmet.
    (Valmet Corporation)
     
    04.12.2015   ARBIOM announces BIOSKOG, a biorefinery project in Golbey, France in partnership with ...    ( Company news )

    Company news ... NORSKE SKOG GOLBEY

    ARBIOM’s subsidiary BIOMETHODES, a technology company developing second generation biorefining of non-food biomass, announces the launch of the BioSkog biorefinery project in partnership with pulp and paper company NORSKE SKOG GOLBEY.

    The alliance between Arbiom and Norske Skog Golbey will take the form of a special purpose vehicle responsible for the study and construction on the Golbey production site of a pilot unit followed by a first commercial scale biorefinery.
    The commercial scale biorefinery will have a planned processing
    capacity of 40,000 tons of biomass per year and will be operational by 2018.

    Process wood and paper manufacturing by-products into sustainable
    carbon
    BioSkog leveragesthe technological expertise of Arbiom, developer of non-food biomass (lignocellulose) processing solutions and awarded in
    the Innovation 2030 Worldwide Challenge, and combines it with the industrial know-how of Norske Skog Golbey, a leading producer of
    publishing paper.
    The goal of this project is to better leverage the rich chemical value of wood biomass along with the specificity of the abundant forestry resources of the Lorraine region by converting woody material into
    sustainable intermediates that can be used by the chemical industry as an alternative to fossil carbon resources.

    A new bio-economy centric model in Golbey’s “Green Valley”
    Located on the site of Golbey’s “Green Valley”, winner of the French “Circular Economy Grand Prize” in 2014, the BioSkog biorefinery will enable the emergence of a sustainable bioeconomy supporting environmentally friendly chemical and fuels industries by supplying renewable non-food biomass based intermediates.
    BioSkog will open new higher value markets for the local forestry industry and bring new revenues to Norske Skog Golbey, already considered one of the most efficient in the world.
    Synergies between paper production and biorefining, combined with Norske Skog Golbey know-how in industrial wood sourcing and processing, will allow the partners to validate a new model demonstrating the economical benefits of on-site integration of their operations. Additional benefits include reducing the risk and
    accelerating the timing of the project study to deploy the first wood based biorefinery.

    Gilles Amsallem, CEO of Arbiom, states:“After having developed our technology at pilot scale in another wood rich area, Virginia, USA, the BioSkog project provides Arbiom with the perfect environment for the first industrial deployment in France and the structuring of a biobased chemical value chain leveraging the country’s massive forest material resources.”

    Yves Bailly, CEO of Norske Skog Golbey, added:“Beyond the direct creation of 40 jobs for the operation of the biorefinery and the activity of the new partner on Golbey’s site, this will economically strengthen Norske Skog Golbey. The BioSkog project will lead to the validation of a new industrial model for forestry material that
    will then be replicable to other paper mills site and other forest rich areas in France and throughout the world."
    (Arbiom)
     
    03.12.2015   SGI Dubai 2016 enables printers to go beyond colourful    ( International Expo-Consults (IEC) )

    International Expo-Consults (IEC) While colour and its brightness have always been a point of discussion, there are tools that help printers to hit the right colour time and time again

    SGI Dubai 2016, the largest and oldest trade show in the MENA region and beyond will feature a host of solutions for print service providers to meet the requirements of its clientele when it comes to colour.

    Matching the colour of international clients within their campaigns does not have to be a piece of luck. Nowadays there are multitudes of solutions that help print service providers to achieve the exact delta e values that their multinational clients expect for their campaign. Those colour management solutions (CMS) are taking the guess work out of the equation thus saving costly reprints due to the wrong colour.

    It all starts with profiling printers and inks, reading the delta e values and more or less automatically, depending on the system employed, those are input into the CMS which then through a series of algorythms calculates the according job. Sure, there are many more factors playing a role, such as substrates and inks, among others. However, once a system has been set up with all the according profiles, nothing can go wrong anymore and print service providers can be sure that their prints correspond to all the other prints that are done worldwide for the same campaign.

    "In former times, it has been the eye of the print service provider, or the operator that determined the right colour. Nowadays, sophisticated software is employed to carry out this task. Many exhibitors at SGI Dubai 2016 will showcase such programmes, either as stand-alone solution or as part of their large format printer offering. Being a global hub for many companies, Dubai, the UAE and its print service providers need to be able to correspond to multinational companies requirements", says Mr. Sharif Rahman, CEO, IEC. "The upcoming Expo 2020 and its global scale also mean that our internal industries can cater to all customer wishes in accordance with our own as well as international standards. The UAE already displays a high standard of compliance as such and those need to be upheld. At SGI Dubai 2016 print service providers from the whole world will find solutions that help them in terms of compliance as well as fostering their businesses into new applications and ventures."

    SGI Dubai 2016 will take place from January 10 – 12, 2016 at the World Trade Center in Dubai (UAE). Until SGI Dubai 2016 starts, printers, exhibitors, visitors can keep themselves abreast of new developments, trends, news and all that refers to signage and print by visiting the SGI Resource Center at www.signageresource.com.
    (International Expo-Consults (IEC))
     
    03.12.2015   Compact combi switchbox with high air output    ( Company news )

    Company news The GEMÜ 4212 combi switchbox with integrated 3/2-way pilot valve is capable of intelligent and precise position detection and has additional diagnosis options.

    In comparison to external variants, the integrated pilot valve offers both functional and economic benefits, such as fast reaction times, automatic programming of end positions and lower compressed air consumption. Local programming of the end positions is also possible without a connection to the control unit and without opening the housing. The combi switchbox is designed to be assembled on a variety of medium to large valves with linear actuators using variable mounting kits. In specific terms, this equates to a valve stroke of 5 to 75 millimetres. The colour LEDs of the high-visibility display are very bright and can be seen from all around through the transparent housing cover. A "location function" can be used to activate an optical signal and identify the valve in the plant. High-quality electronic components complemented by a robust yet compact housing produce a qualitatively sophisticated overall image. Thanks to the integrated manual override, the installation costs during servicing work in particular are significantly reduced, as there is no need for electrical energy to supply compressed air to the valve. The combi switchbox is available in a 24 V, AS-interface or DeviceNet versions as well as with an IO-Link interface.
    (GEMÜ Gebr. Müller Apparatebau GmbH & Co. KG)
     
    03.12.2015   What’s In It For Me? SUN Automation Brings Digital Answers to Print Conference    ( Company news )

    Company news Following an exciting 2015 showcasing its pioneering CorrStream® range of high output single pass digital printers at events across the world, SUN Automation Group® is to make its last presentation of this year at the Digital Print for Packaging Conference in Berlin, Germany, from 7-9 December.

    As a recognised leader in the global corrugated sector, SUN Automation provides corrugated box plants worldwide with technologies that assist with increasing production quality, efficiency and profitability. Digital print brings added value through reduced costs and differentiation, providing another layer of capability to box makers to open up new opportunities within corrugated packaging.

    The best new digital printers, such as the CorrStream Series 66, 40 and 20, provide box plants with unrivalled output, reduced operating costs, better efficiency and outstanding print quality – in short, bringing inkjet sophistication to mainstream applications as a real alternative to conventional flexographic methods.

    At the Berlin seminar Sean Moloney, Global Product Manager, CorrStream, will highlight the benefits of digital to corrugated packaging manufacturers and their customers under the strapline “What’s in it for me?” in his keynote speech.

    Sean Moloney explained: “SUN Automation’s CorrStream range represents an unprecedented new convergence of technology and market demand within the corrugated sector. Innovation leads to opportunity and we see opportunities coming from several areas, crucially on the back of cost reduction at the same time as value added corrugated supply.

    “Digital innovation has the ability to reduce costs as well as create value and demand is not only being driven by the availability of technology, but also being encouraged by customers of corrugated manufacturers. Here at CorrStream we are privileged to be directly involved in the emergence of the first truly ground-breaking technology to impact the corrugated industry for a generation.”

    The 2015 Digital Print for Packaging Europe conference programme aims to provide delegates with the tools to successfully innovate in the rapidly growing markets of packaging and digital printing technology, via expert led content and networking opportunities. Delegates will also have access to a community of senior brand leaders, solution demos, technology updates and roundtable discussions.

    SUN Automation, which celebrates its 30th anniversary this year, has an unequalled portfolio of solutions and is in the ideal position to guide box plants towards the most appropriate equipment for their needs, whether conventional flexographic or from the digital arena.
    (Sun Automation Group)
     
    03.12.2015   Valmet to supply key technology to SCA's Östrand pulp mill expansion project in Sweden    ( Company news )

    Company news Valmet has received a major order to deliver cooking, fiber line and evaporation plant to SCA's Östrand pulp mill located in Timrå, Sweden. This delivery is part of SCA's investment to upgrade the production of bleached softwood kraft pulp at the Östrand mill from today's capacity of 430,000 tons to 900,000 tons per year. The last start-up of the renewed pulp mill is scheduled for May 2018.

    The order is included in Valmet's fourth quarter 2015 orders received. The value of the order is not disclosed.

    "This major agreement with SCA is a strong continuation of Valmet's and SCA's long term cooperation and an important achievement for our pulp technology business. The project has a significant employment impact to Valmet in Sweden, since a significant part of the equipment to be delivered in this project, will be engineered and produced in our Swedish units," says Bertel Karlstedt, President, Pulp and Energy Business Line, Valmet.

    The estimated employment impact of the order is about 150 man years mainly in Sweden. A large part of the order will be delivered from Valmet's Swedish units: the cooking plant from Karlstad, fiber line from Sundsvall, and evaporation plant from Gothenburg.

    Valmet has earlier delivered both pulp and tissue technology to SCA and has also extensive services contracts with SCA. The most recent delivery was the new Compact Cooking G2 for the SCA Obbola kraftliner mill.

    Details about Valmet's delivery
    Valmet's delivery includes a Compact Cooking G2 (photo) together with a TwinRoll press based fiber line for both ECF and TCF pulp production at a capacity of 2,850 air dry tons per day (adt/d). The evaporation plant consist of 7 effects with a TUBEL superconcentrator for high dry solids and has a capacity of 1,150 tons of evaporated water per hour. The total package is optimized for superior water and energy efficiency.
    (Valmet Corporation)
     
    02.12.2015   Spooner: Exporter of the Year Award    ( Company news )

    Company news 2015 is certainly stacking up to be a year to remember at Spooner Industries.

    On November 11 the local firm scooped the Exporter of the Year award at the glittering Excellence in Business awards at the Queens Hotel in Leeds. In its tenth year, the awards run by the Yorkshire Post has been focusing on firms who nurture and support their staff as well as responsibility in business.

    Manufacturing Director at Spooner Robert Proctor, said:
    “It’s a great pleasure to be recognised. At Spooner we have been engineering industrial solutions and exporting worldwide for over 80 years and sometimes you forget how successful we are when engrossed in your day-to-day work.”

    This new accolade is hot on the heels of the heels of a visit to the Ilkley premises by the Prime Minster, David Cameron and Chancellor of the Exchequer, George Osbourne in February, who were impressed by the technology and commented: “Spooner is a great example of the kind of ‘advanced manufacturing’ businesses this Government is trying to get behind.”

    In addition Spooner was named Manufacturer of the Year at the Bradford Means Business Awards earlier this year and identified as one of the ‘1000 Companies to Inspire Britain’. Collated by the London Stock Exchange the annual report is a celebration of some of the fastest-growing and most dynamic small and medium-sized enterprises (SMEs) in the UK. To be selected, Spooner had to demonstrate not only consistent revenue growth over a minimum of 3 years but also significantly outperform peers in the same sector of manufacturing
    Manufacturing industrial process machinery such as industrial ovens, dryers, coolers, provers, air turns, stabilisers, oxidisers and solvent and energy recovery equipment, the company has been a leading innovator in the principles of forced convection technology since 1932. Designing and manufacturing from purpose built premises in Ilkley, Spooner currently employs over 160 people and exports custom designed products worldwide.
    (Spooner Industries Ltd)
     
    02.12.2015   Kadant Awarded Turnkey Fiber Processing Line for New Tissue Machine    ( Company news )

    Company news Kadant Inc. (NYSE:KAI) announced it received an order totaling approximately $3 million from a tissue producer in Latin America for a fiber processing line to produce pulp from virgin fiber and recycled “mill broke” fiber. The turnkey project features Kadant’s new compact fiber processing system concept designed specifically for virgin fiber pulping applications.

    “As a well-regarded supplier of recycled fiber processing equipment, we are pleased to be recognized for our advances in virgin fiber processing equipment with this order from a major tissue producer in Latin America,” said Jonathan W. Painter, president and chief executive officer of Kadant. “This turnkey order includes some of our latest design concepts in fiber processing equipment that more efficiently and effectively produce pulp from both virgin and recycled sources allowing the producer to compete more cost-effectively.”
    (Kadant Inc.)
     
    02.12.2015   Martijn Smit strengthens Qimarox sales team    ( Company news )

    Company news Martijn Smit (photo) will be Qimarox’s new sales manager starting from the first of November. Smit will focus on global promotion to end-users on behalf of the producer of standard product elevators, palletising modules and rotary ring stretch wrappers. In collaboration with regional, certified system partners, the various Qimarox modules will be integrated into end-of-line packaging projects. Smit will lead the Qimarox sales team, which in recent years has grown to twelve employees. Smit is a familiar face in the world of end-of-line packaging systems. He spent almost ten years as director and owner of Matco, building it into an internationally operating specialist in foil wrapping systems.

    Smit knows the Qimarox organisation well. In the past, he has worked extensively with the people of Qimarox on behalf of Matco, on numerous end-of-line packaging projects. ‘I was always extremely satisfied with my cooperation with Martijn. We understand each other’, explains Pieter Hannessen, founder and owner of Qimarox.

    In recent years, Qimarox has developed into a global producer of standard components for material handling systems which has experienced substantial growth. The arrival of Smit will allow us to reinforce and accelerate this trend. ‘Martijn possesses a wealth of knowledge and experience, understands marketing and is internationally oriented. With Martijn on board, we will be able to focus more on after-sales, learn from the experiences of our end clients, and use this information to produce even better products’, says Hannessen.

    International playing field
    Martijn Smit is looking forward to reacquainting himself with the end-of-line packaging system market. Last year, he was operational manager at Roelofsen, a bodywork construction specialist in Raalte. ‘It was a fun and valuable experience, but my interest in machine construction has only grown since then. What’s more, as operational manager, I missed the feeling of being involved with the market and the customers. At Qimarox, I’ll have a chance to work with leading end clients in various sectors.

    Smit has known Qimarox since back in 2002. ‘Qimarox is the perfect example of a machine manufacturer which has managed to carve out a unique market position with an international customer base for itself by focusing on modular design and standardisation. I’m really looking forward to strengthening this position even more, together with the whole sales team.’
    (Qimarox)
     
    02.12.2015   ANDRITZ to supply equipment for SCA's Östrand pulp mill, Sweden    ( Company news )

    Company news International technology Group ANDRITZ has received an order from SCA to supply production technologies and equipment for the extension of SCAʼs Östrand pulp mill in Timrå, Sweden. Start-up is scheduled for the second quarter of 2018. The order is expected to enter into force in the next few weeks.

    The scope of supply, with a high manufacturing portion in Sweden, includes wood yard equipment, a pulp dryer with innovative, energy-saving technologies that substantially reduce the mill’s operating costs, a major upgrade of the white liquor plant, and extension of the recovery boiler, which was supplied by ANDRITZ in 2006.

    The mill expansion is one of the largest industrial investments in Sweden and the largest ever in northern Sweden. SCA Östrand will double its annual production capacity from 430,000 to 900,000 tons and become the largest mill in the world for softwood kraft pulp.
    (Andritz AG)
     
    02.12.2015   Global Forest and Paper Industry Releases Policy Statement on Climate Change     ( Company news )

    Company news The International Council of Forest and Paper Associations (ICFPA) released its statement on climate change ahead of the UN Framework Convention on Climate Change meeting (COP21) in Paris, France. The statement presents the contributions of forests and the forest products industry to the mitigation of global climate change and calls on governments to recognize these contributions. The full statement is available at: http://bit.ly/1MPD7ax.

    The ICFPA will elaborate on the forest products industry’s efforts at a COP21 side-event – “Assessing transparency and ambition in the land use and forestry sector”, held at the EU Pavilion on December 1 at 2:30 pm. The side-event will be hosted by the ICFPA and the EU Joint Research Centre.

    “Forests and the global forest products industry have a key role in helping to mitigate climate change. A low carbon economy has to consider the forest industry as a contributor to climate solutions”, said Marco Mensink, Director General of the Confederation of European Paper Industries (CEPI). “With this policy statement, we are encouraging national governments to recognize and foster all positive contributions that forests and forest products provide in combating climate change.”

    The industry has made significant contributions to mitigate climate change. In addition to greenhouse gas (GHG) removals and stocking carbon in products, ICFPA members have achieved an impressive drop in their GHG emissions intensity: 5 percent since 2010/2011 and 17 percent since the 2004-2005 baseline year, as shown in the ICFPA 2015 Sustainability Progress Report (2013 data).

    The statement calls on governments and the parties to the UN Framework Convention on Climate Change to recognize sustainable forest management and reforestation activities for their contribution to the global climate effort, as well as the recognition of the efforts and achievements of the forest products industry to mitigate climate change, including the carbon neutrality of biomass harvested from sustainably managed forests and the need to provide for market-based mechanisms capable of valuing mitigation actions to incentivize the industry’s potential contribution.

    The ICFPA’s statement is the latest in a series of policy statements underwritten by its members associations. All ICFPA policy statements are available at icfpa.org/resource-centre/statements.

    The ICFPA serves as a forum of global dialogue, co-ordination and co-operation. Together, ICFPA members represent over 90 percent of global paper production and more than half of global wood production. For more information, visit icfpa.org.
    (CEPI aisbl)
     
    02.12.2015   New Delegate of the Board of Directors of Cham Paper Group    ( Company news )

    Company news The Board of Directors of Cham Paper Group is preparing a hand-over: Susanne Oste, presently Head of International Sales at Ziegler Papier, will be proposed for election to the Board of Directors on occasion of the Annual General Meeting of 4 May, 2016. She is to supersede Urs Ziegler, who will continue to be active as board member, as Delegate of the Board of Directors.

    Urs Ziegler (born in 1948) has been a member since 2007 and acts as Delegate of the Board of Directors of Cham Paper Group since 2012. Susanne Oste (born in 1968) has extensive paper industry and management experience; among others she worked at Sihl as R&D manager and afterwards joined Ziegler Papier AG as Head of Product Management and Technology. Starting in January 2016, Susanne Oste will be introduced by Urs Ziegler to her tasks as future Delegate of the Board of Directors.
    (Cham Paper Group Schweiz AG)
     
    01.12.2015   DS Smith wins zero waste award for difficult to recycle materials    ( Company news )

    Company news DS Smith has won the CIWM Achieving Zero Waste award for its Reject Processing Centre (RPC) at the Kemsley Paper Mill.

    A Reject Processing Centre was established at the mill to find a better way to deal with the amount of waste that arose from the processing and production of paper and cardboard. The waste generated and subsequently used in the RPC amounted to 12,000 tonnes per annum of ragger, a by-product of the paper pulping process containing baling wire, plastics and fibre, and 29,000 tonnes per annum of light rejects.

    In a six-month period 12,400 tonnes were diverted from landfill.

    DS Smith Head of Recycling Jim Malone, said:
    “This is great news. A zero waste philosophy is central to the work at DS Smith and as a company 100% of collected resources are turned back into something useful once more.
    "The Reject Processing Centre demonstrates that we are delivering on our aims and closing the loop on as many materials as possible.”

    Machinery and equipment were tested with Countrystyle Recycling and a single shaft heavy-duty shredder was fitted to separate out the wire, plastic and fibre from the ragger. The equipment needed to produce fractions that were of high enough quality for further recycling or reprocessing and as much of the extracted fibre reused in the process.

    The ragger line produces metals, plastics and wet fibrous material (WFM). The separated metal wire is sent for recycling, moving from a cost to the business to a revenue earner. In one month alone this has generated £20,000. The plastics that have little value in this condition are mixed with sludge from the mill effluent process and sent to the on-site EON Waste to Energy plant to produce process steam.

    The remaining fibres, WFM, go back into the paper process to be reused as good fibre. Quality is monitored against agreed standards.

    Jim Malone added: “Following and applying the principles of the waste hierarchy from the top down is integral to our zero waste philosophy, identifying how to achieve the best environmental and economic solution. We have found ways to divert materials previously deemed too difficult to recycle and found new uses for them.”

    The award, part of CIWM’s 2015 Sustainability and Resource Awards, was presented on 5 November at a ceremony in London hosted by presenter of TV’s Countdown and former adviser to Lord Sugar Nick Hewar.

    The DS Smith Kemsley Paper Mill is the second biggest recovered fibre based paper operation in Europe with a production capacity of 800,000 tonnes per year. Light Medium Plus (K-Light), the first recycled lightweight paper manufactured in the UK is produced at the Kemsley Mill, alongside with White Liners, Brown Liners and Dual-Use grades for both liner & fluting applications, including lightweight and Plasterboard liners.
    (DS Smith Paper, Kemsley Mill)
     
    01.12.2015   Durst wins European corrugated board industry accolade    ( Company news )

    Company news FEFCO Innovation Award for Durst Water Technology for corrugated packaging and corrugated displays

    Durst, the specialist in industrial inkjet applications, has been awarded the Bronze Innovation Award by FEFCO, the European Federation of Corrugated Board Manufacturers, at its 2015 Technical Seminar in Barcelona. This bi-annual event is the central platform for the European corrugated cardboard industry to exchange information on the latest trends and market developments. Under this year's motto, "Corrugated 4.0", new technology concepts and processes were analysed that have the potential to allow more sustainable, more flexible and more efficient responses to future demands. Over 1,000 delegates were inspired by the presentation of "Durst Water Technology – Corrugated Printing Machine" by Wolfram Verwüster, Segment Manager Durst Corrugated Packaging & Displays. Durst Water Technology is a long-term strategy designed to offer digital printing systems with water-based inks as an alternative to solely UV and solvent-based printing systems. Durst has already accomplished a number of pioneering achievements in the large format sector and ramped up the use of environmentally friendly and odour-free products at the point of sale. For corrugated cardboard printing, Durst has been developing digital printing systems for a number of years. At Drupa 2016 Durst will be launching a new high-performance, single-pass printing machine that uses water-based inks.

    "We are extremely excited about the positive feedback from the corrugated board industry and the award from the expert FEFCO judges," says Wolfram Verwüster. "Durst Water Technology has already ben implemented in various areas of the Durst Group. We have the expertise needed in single-pass technology, which we have been using successfully since 2005 in our ceramic printing systems. Our development teams combine all of the techniques here to offer a sustainable and powerful solution for the corrugated cardboard industry too - delivering a product that is odour-neutral, environmentally compatible and offers high printing quality. Right from the start of 2016, we will be carrying out an industrial field test with the water-based corrugated printing system in collaboration with one of the world's leading corrugated board manufacturers."
    (Durst Phototechnik AG)
     
    01.12.2015   Sulzer Appoints Greg Poux-Guillaume as New CEO    ( Company news )

    Company news The Board of Directors of Sulzer has appointed Greg Poux-Guillaume (photo), until now President and CEO of Alstom Grid, a world leader in power transmission, as Sulzer’s new Chief Executive Officer, effective December 1, 2015. Frenchman Greg Poux-Guillaume, 45 years old, was also a member of Alstom’s Executive Committee. He has extensive global experience in many of Sulzer’s key markets—particularly the oil and gas and power markets—and a strong track record of leading restructurings and building global businesses.

    Greg Poux-Guillaume was President and CEO of Alstom Grid, a 4 billion euro business with 20 000 employees, from 2011 to 2015. During his tenure he transformed the business and repositioned it for profitable growth in a challenging market environment.

    From 2009 to 2011 he was Senior Managing Director of CVC Capital Partners, and from 2003 to 2009 he held various positions within the Alstom Group, including CEO of Hydro Power Plants and CEO of Environmental Control Systems, where he significantly accelerated business growth and improved margins. Before joining Alstom, he worked for Softbank and McKinsey, and held various positions at Total Exploration & Production. Greg Poux-Guillaume has worked in the UK, Angola, Myanmar and France. He studied Mechanical Engineering at the École Centrale in Paris and graduated with a Master of Sciences degree. He also holds an MBA from Harvard Business School.

    Peter Löscher, Chairman of the Board of Sulzer, said of the appointment: “The Board of Directors is very pleased that Greg Poux-Guillaume is joining Sulzer as its new CEO. He brings a comprehensive knowledge and broad understanding of many of our key markets, particularly in the oil and gas market and the power industry. He has a proven track record of leading turnarounds and building successful, profitable businesses in challenging environments. These skills will be crucial as we strategically transform Sulzer and position the company to achieve its full potential while improving profitability and operating margins. The Board is convinced that with Greg Poux-Guillaume’s leadership and experience, Sulzer will become a truly market-focused, industry-leading company that creates significant value for its customers, employees, and shareholders.

    Greg Poux-Guillaume commented: “I am deeply honored to join a company of the stature of Sulzer. Its rich history, solid businesses and talented teams are the perfect building blocks for the transformation initiated by the Board of Directors and the Executive Committee, and which I look forward to leading and accelerating.”

    Greg Poux-Guillaume will take over as Sulzer’s CEO on December 1, 2015. Thomas Dittrich, interim CEO since August 10, 2015, will return full-time to his role as CFO. The Board of Directors would like to thank Thomas Dittrich for his leadership and excellent work during his time as interim CEO.
    (Sulzer Pumps Ltd)
     
    01.12.2015   Tembec reports financial results for its fourth quarter ended September 26, 2015    ( Company news )

    Company news Consolidated sales for the three-month period ended September 26, 2015, were $373 million, as compared to $371 million in the same quarter a year ago. The Company generated a net loss of $32 million or $0.32 per share in the September 2015 quarter compared to net earnings of $5 million or $0.05 per share in the September 2014 quarter. The current quarter results include a non-cash loss of $38 million related to the translation of US dollar denominated debt. Operating earnings before depreciation, amortization and other items (adjusted EBITDA) was $36 million for the three-month period ended September 26, 2015, as compared to adjusted EBITDA of $29 million a year ago and adjusted EBITDA of $2 million in the prior quarter.

    For the fiscal year ended September 26, 2015, consolidated sales were $1.4 billion as compared to $1.5 billion in the prior year. The Company generated a net loss of $150 million or $1.50 per share compared to net earnings of $9 million or $0.09 per share in fiscal 2014. The current year loss includes a non-cash loss of $81 million related to the translation of US dollar denominated debt. Adjusted EBITDA was $70 million compared to $90 million in the prior year. Operating earnings declined from $88 million to $31 million in the most recent twelve-month period.

    Business Segment Results
    The Specialty Cellulose Pulp segment generated adjusted EBITDA of $15 million on sales of $121 million for the quarter ended September 2015, compared to negative adjusted EBITDA of $6 million on sales of $108 million in the prior quarter. Pulp sales increased by $14 million due to higher shipments of both specialty and viscose grades. The $63 per tonne increase in Canadian dollar selling prices for specialty grades was due to currency as both US dollar and euro selling prices did not increase. The $68 per tonne increase in the selling price of viscose and other commodity grades was also currency driven as the US dollar selling prices were relatively unchanged. Overall, higher pulp prices increased adjusted EBITDA by $5 million. Shipments were equal to 87% of capacity, compared to 78% in the June 2015 quarter. The June 2015 quarter results were significantly impacted by major planned maintenance at both pulp mills. The Tartas facility, which takes major maintenance every 18 months, was down for approximately two weeks in April 2015. The Temiscaming facility, which conducts major maintenance every 12 months, was idled for approximately one week in May 2015. There was no major maintenance downtime at either pulp mill in the September 2015 quarter and they produced 12,700 more tonnes compared to the June 2015 quarter. Overall, mill cash costs declined by $18 million, including $8 million of maintenance material.

    The Forest Products segment generated adjusted EBITDA of $4 million on sales of $107 million for the quarter ended September 2015, compared to negative adjusted EBITDA of $3 million on sales of $103 million in the prior quarter. Sales increased by $4 million due to higher SPF lumber prices and shipments. Lumber shipments were equal to 84% of capacity versus 83% in the prior quarter. During the September 2015 quarter, the random length lumber reference price increased by US $1 per mbf while the reference price for stud lumber decreased by US $13 per mbf. Currency was a significant favourable factor as the Canadian dollar averaged US $0.765, a 5.9% decline from US $0.813 in the prior quarter. The combined effect was that Canadian dollar selling prices increased by approximately $11 per mbf, increasing adjusted EBITDA by $2 million. Sawmill manufacturing costs declined by $6 million, primarily due to the lower cost of timber.

    The Paper Pulp segment generated adjusted EBITDA of $7 million on sales of $80 million for the quarter ended September 2015, compared to adjusted EBITDA of $3 million on sales of $90 million in the prior quarter. The $10 million decrease in sales was due to lower shipments. The benchmark price (delivered China) for bleached eucalyptus kraft (BEK) increased by US $8 per tonne. However, the increase did not carry over into the high-yield paper pulp market and US dollar prices declined by US $28 per tonne. The decline in the relative value of the Canadian dollar offset the drop in US dollar prices. Overall, average selling prices in Canadian dollars were relatively unchanged quarter-over-quarter. Pulp shipments were equal to 92% of capacity as compared to 104% in the prior quarter. In the September 2015 quarter, the two pulp mills produced 5,400 more tonnes as compared to the prior quarter. The higher productivity combined with lower fibre, energy and maintenance material reduced costs by $5 million.

    The Paper segment generated adjusted EBITDA of $13 million on sales of $91 million for the quarter ended September 2015, compared to adjusted EBITDA of $9 million on sales of $86 million in the prior quarter. Higher coated bleached board shipments and prices led to the $5 million increase in sales. The coated bleached board market was stable. The coated bleached board shipment to capacity ratio was 93% compared to 87% in the prior quarter. Currency was a positive factor as the Canadian dollar weakened versus the US dollar. The US dollar reference price was unchanged at $1,180 per short ton. Overall, average selling prices for coated bleached board were up $55 per tonne increasing adjusted EBITDA by $2 million. Manufacturing costs decreased by $1 million. The newsprint market remained weak with continued decreases in North American demand. The newsprint shipment to capacity ratio was 77% compared to 85% in the prior quarter. The US dollar benchmark price for newsprint declined by US $32 per tonne. The previously noted decline in the relative value of the Canadian dollar offset this decline and Canadian dollar newsprint selling prices were unchanged quarter-over-quarter. Manufacturing costs at the Kapuskasing newsprint mill were similar to those of the prior quarter.

    Previous Guidance
    On September 11, 2015, the Company issued a forecast for the fourth quarter ended September 26, 2015. At that time, the Company was having discussions with certain parties regarding its previously announced intentions to enhance its liquidity. Such discussions had led to questions regarding the Company’s financial performance in the September 2015 quarter and it was deemed prudent to provide guidance on expected operating results. The Company expected that adjusted EBITDA for the September 2015 quarter would be in the range of $31 million to $34 million. Actual adjusted EBITDA for the September 2015 quarter was $36 million. The outperformance versus forecast was due primarily to a weaker Canadian dollar, which averaged US $0.755 in the month of September versus US $0.77 assumed in the forecast.

    Subsequent event
    On November 18, 2015, the Company announced that it had entered into a new asset-based loan (ABL), which consists of a $150 million revolving credit facility (revolving loan) and a US $62 million “first-in, last out” term loan (FILO loan). The new ABL replaced the Company’s existing $175 million ABL revolving credit facility. The revolving loan will expire on November 18, 2020, provided several conditions are met, including repayment of the FILO loan prior to March 2, 2018, failing which the maturity would be accelerated to an earlier date, but not earlier than March 2, 2018. The revolving loan has a first priority charge over the receivables and inventories of the Company’s Canadian and U.S. operations. The FILO loan is secured by the same collateral as the revolving loan and ranks second in repayment priority relative to the revolving loan. The FILO loan is also secured by a first priority charge on the fixed assets of one of the Company’s U.S. subsidiaries. The Company utilized borrowings under the new ABL to repay the amounts outstanding under the prior ABL revolving credit facility and pay transaction fees and expenses. After giving effect to the refinancing, the Company’s total liquidity at November 18, 2015, was approximately $112 million, compared to $56 million at the end of the September 2015 quarter.

    Outlook
    Overall, the September 2015 results were better than initially anticipated. The lower Canadian dollar combined with a relatively light major maintenance schedule increased adjusted EBITDA by $34 million over the prior quarter. As expected, the Specialty Cellulose adjusted EBITDA improved by $21 million due to the absence of major maintenance and higher productivity. Price realizations improved, primarily due to currency. Fiscal 2015 shipments of specialty grades are down 13% from the prior fiscal year, although a large portion of this decline occurred in the first two quarters of the year. It is difficult to forecast demand and prices for fiscal 2016 at this time. The upcoming annual contracts negotiations with our customers will provide more insight. To offset the lower specialty demand, the Company is increasing the production of viscose grades at the Temiscaming operation. The investment in the new boiler and turbine has reduced energy costs significantly, allowing the pulp mill to compete and generate positive margins in this lower-priced line of business. The Forest Products segment adjusted EBITDA improved by $7 million, primarily driven by foreign exchange and lower seasonal costs. US dollar selling prices were relatively low and we are now in the fall period during which lumber prices are seasonally weaker. We remain bullish on the medium and longer term outlook for lumber driven by a gradual increase in US housing starts. The Paper Pulp segment adjusted EBITDA improved by $4 million due to lower costs and higher productivity. However, demand for high-yield pulp is relatively weak in certain markets, and the Company anticipates that market downtime will be required in the December 2015 quarter. The Paper segment adjusted EBITDA increased by $4 million. The coated bleached board markets remain stable and this business should continue to generate good results bolstered by a relatively weaker Canadian dollar. Ongoing weakness in the newsprint markets continues to put downward pressure on prices and this situation will likely persist in the coming quarters.
    (Tembec Inc.)
     
    01.12.2015   Sappi concludes sale of Cape Kraft Mill; invests to increase energy self-sufficiency at Tugela and..    ( Company news )

    Company news ... Saiccor Mills

    Further to the announcements of March and July 2015 regarding the sale of Sappi’s Cape Kraft Mill in Milnerton, Cape Town, Sappi wishes to confirm that all conditions have been met and that the mill has been transferred on 23 November 2015, to the new owners, the Golden Era Group. The sale is not categorisable in terms of section 9.5 of the JSE Listings Requirements.

    The sale of Cape Kraft Mill signals Sappi’s exit from the recycled paper packaging market, a market where Sappi did not enjoy any competitive advantage. Sappi Southern Africa in future will focus on: its commercial timber operations; enhancing its already world-leading dissolving wood pulp capacity at Ngodwana and Saiccor Mills; investing in its containerboard capacity at its Tugela (photo) and Ngodwana Mills; its tissue and office (copy) paper capacity at Stanger Mill; its newsprint capacity at Ngodwana Mill; providing the South African market with a worldclass range of coated, uncoated and speciality papers made at Sappi’s European mills, as well as, increasing its by-products offering including Lignosulphonate from Tugela Mill.

    During the course of 2016, Sappi will invest in projects to increase the company’s energy self-sufficiency through the installation of new turbines at the Tugela and Saiccor Mills. The turbines will produce approximately 23MW of power and contribute to increasing Sappi Southern Africa’s self-sufficiency from 56% to 72% by the end of 2016. This will help mitigate against any future power shortages but more importantly will lower Sappi’s energy costs.

    As mentioned previously the combined proceeds from the sales of Enstra and Cape Kraft Mills amounts to just under R600m.
    (Sappi Limited)
     
    01.12.2015   SGI Dubai 2016 is the place to be in January 2016    ( International Expo-Consults (IEC) )

    International Expo-Consults (IEC) Sign & Graphic Imaging Dubai 2016 showcases millions worth of equipment for large format, digital signage, retail and digital printing markets

    SGI Dubai 2016, the largest and oldest trade show in the MENA region and beyond once again opens its doors at the Dubai World Trade Center (WTC) in January 2016.

    The 19th edition of the show, held from January 10-12, 2016, will be its biggest yet. Halls 3-8 will be bustling once again with activities. It offers abound opportunities for print service providers, printers to be and most of all print customers that can see many new and enthralling applications - to be realised at a later point in time by their trusted print service providers.

    From prepress to print to finishing and beyond, the show floor will provide something for everyone. General and specialised applications for indoor and outdoor usage, for shops and retail as well as for events - all can be found under one roof at SGI Dubai 2016.

    "Once again, Sign & Graphic Imaging Dubai show will be part of the Dubai shopping festival. We are proud to once again partner with this renown event that annually drives many visitors to Dubai. Our exhibitors at SGI Dubai 2016 will bring equipment worth millions of AED to the show and visitors will see the latest technologies, applications and trends in digital, large format, textile printing, as well as retail, finishing and fabricating", explains Mr. Sharif Rahman, CEO, IEC.

    Digital textile printing will be one of the main attractions at the show. It enables individual personalised designs not only for fashion, but also for home and office as well as businesses. Over the course of the last year many of the leading manufacturers enlarged their portfolio thus enabling many more applications to be brought to SGI Dubai 2016.

    "While being the 4th biggest textile market worldwide, the UAE as well as the whole MENA region has been slow adopting digital technologies. With newly developed equipment, faster printers enabling more accurate and variable designs, this is about to change. We expect print service providers to adopt those new technologies, expand their portfolios and thus seeing their businesses strive. The team from SGI Dubai 2016 will do its utmost to support our exhibitors in their efforts to provide for a brighter future", says Mr. Sharif Rahman, CEO, IEC.

    SGI Dubai 2016 will take place from January 10 – 12, 2016 at the World Trade Center in Dubai (UAE).

    Until SGI Dubai 2016 starts, printers, exhibitors, visitors can keep themselves abreast of new developments, trends, news and all that refers to signage and print by visiting the SGI Resource Center at www.signageresource.com.
    (International Expo-Consults (IEC))
     
    01.12.2015   LignoCity - a new centre for new green technologies    ( Company news )

    Company news Innventia, Nordic Paper and Paper Province have started a collaboration to develop the future forest-based bioeconomy. The first step is to establish an open test bed called LignoCity. Here, companies can develop and scale up technology that refines lignin to new climate-friendly fuels, chemicals and materials.

    As the world heads towards a bio-based economy, lignin – a by-product of pulp production – is increasingly seen as a raw material with great potential. Lignin could be a green alternative for producing fuels and energy as well as chemicals and lightweight materials. Great efforts are being made to develop processes and to refine different lignin qualities for different applications.

    Thanks to a broad newly established collaboration initiated by Innventia, Nordic Paper and Paper Province, several of these initiatives can now be realised. With financial support mainly from VINNOVA, Innventia’s demonstration plant in Bäckhammar will be further developed and made into an open test bed for companies who want to evaluate and validate new refining concepts in the lignin area. The plant is currently the only one in the world that can produce tailor-made lignin qualities in sufficient quantities for upscaling. The purpose of LignoCity is to create a centre where ideas are brought together and opportunities for commercial development are identified and supported. Lignin from kraft pulp production and other sources, for example from ethanol and sugar production, can be processed at the plant. The project involves 18 industrial and public players, including Karlstad University, the municipality of Kristinehamn and Casco Adhesives AB.

    “With LignoCity, we are bringing together business models, technological development and infrastructure for research, development and innovation. In the long term, we also hope to be able to extract other components from the black liquor and tackle other process streams,” says Per Tomani, manager for the LignoCity project and the Lignin & Carbon Fibres focus area manager at Innventia.

    “It is extremely valuable for the region’s businesses to have access to this type of open test facility, so that we can continue the development of a forest-based bioeconomy,” says Maria Hollander, CEO of Paper Province.

    Kristinehamn is aiming high when it comes to innovations concerning new green fuels. Our goal is to profile ourselves as a municipality with a viable and creative business, where we carry on our technical traditions by creating future innovation. Efforts like LignoCity can help creating jobs and we are proud that the municipality contributes to this, says Carina Welin, Information manager.
    (Innventia AB)
     
    30.11.2015   Lenzing Presents New Group Strategy 'sCore TEN': Profitable Growth Thanks to Eco-Friendly...     ( Company news )

    Company news ...Specialty Fibers

    -Lenzing takes advantage of megatrends
    -Sustainability as a key innovation and growth driver
    -Share of revenue generated by specialty fibers targeted to rise to 50% by 2020
    -EBITDA growth of approx. 10% p.a. until 2020
    -Increase in ROCE to more than 10% by 2020

    The Lenzing Group is presenting its business strategy for the coming years entitled “sCore TEN”. Accordingly, Lenzing’s main priorities are strengthening the company’s core business, intensifying cooperation with customers along the value chain, increasing the share of specialty fibers to 50% of total revenue by 2020, expanding its quality and technological leadership for man-made cellulose fibers and opening up new attractive business areas.

    “Our objective is to safeguard and expand Lenzing’s leadership role on the dynamic growth market for man-made cellulose fibers“, says Lenzing’s Chief Executive Officer Stefan Doboczky (photo). “To achieve this, we will focus more intensively on the most attractive segments in the specialty fiber business. Lenzing will put value before volume in the future. We aim at achieving volume growth.”

    Lenzing expects demand for man-made cellulose fibers to increase by 5 to 6% p.a. until 2020, which is nearly twice as fast as the global fiber market. The primary factors driving demand are the continuing growth of the world’s population and rising prosperity in the emerging markets. Forecasts call for a rise in per capita textile consumption in the emerging markets by all in all 50% in the period 2010 to 2020. In the industrialized countries the nonwovens industry, an important sales market for Lenzing, will profit from the increased demand for hygiene products. The nonwovens segment is expected to expand twice as fast as the textile market.

    The new Lenzing strategy entitled “sCore TEN” was designed to take account of the major megatrends. On the one hand, the name stands for a resolute performance orientation (scoring) and for a strengthening of Lenzing‘s core business operations (core) and on the other hand, the new strategy reflects the objective of generating sustainable growth with specialty fibers such as Lenzing Modal® or TENCEL® (TEN). Five strategic measures comprise the cornerstones of sCore TEN:

    Strengthen the core: the target is to increase Lenzing’s pulp position through backward integration by increasing the Group’s own pulp production volumes and/or expanding strategic co-operations. Lenzing will strive to expand upon its quality and technology leadership. A program aimed at strengthening commercial processes is designed to deliver a positive EBITDA contribution totaling EUR 50 mn by the year 2017. The reorganization of the technical service units will be concluded in 2016.
    Customer intimacy: Lenzing plans to establish regional competence centers for product innovations and will move greater decision-making powers to the regions. These steps will bring Lenzing closer to its customers.
    Specialization: Lenzing aims at generating 50% of total revenue from the business with eco-friendly specialty fibers such as TENCEL®, Lenzing Modal® and viscose fiber specialties by the year 2020. Lenzing will further increase production capacities for TENCEL® depending on market requirements.
    Forward solutions: Lenzing will selectively enhance its R&D activities along the value chain by new game-changing technologies.
    New business areas: Based on its core competencies, Lenzing will open up new business areas.

    In the light of the increasing demand for textile fibers one of the major future challenges for the fiber industry is sustainability. Lenzing boasts a major competitive advantage in this respect. Its cellulose fibers originate in sustainably managed forests, are produced in an environmentally-friendly manner and are biodegradable. In particular, TENCEL® fibers are unrivalled on the marketplace when it comes to sustainability. Taking all parameters into account, TENCEL® is up to 17 times more environmentally compatible than other fibers. Lenzing fibers are outstanding as blending partners for cotton and polyester, and improve their sustainability.

    “Compared to the previous year, we want to continually increase EBITDA by 10% annually and aim to increase the return on capital employed (ROCE) to more than 10% by 2020. At the same time, our objective is to keep net financial debt at a level which is less than 2.5 times EBITDA”, Doboczky explains in reference to the financial performance targets of sCore TEN. Lenzing plans to finance all necessary investments required to implement this strategy from its own capital resources and simultaneously strive for a dividend payout of up to 50% of the Group net profit.
    (Lenzing AG)
     
    30.11.2015   New effect evaporators at Södra Cell Värö     ( Company news )

    Company news In October, four effect evaporators were delivered by boat for the expansion of Södra Cell Värö. A special crane was used to lift them into place at the evaporation plant, the heaviest weighing about 250 tonnes.

    The evaporators are used to remove water from the used cooking liquor and increase the content of dry solids from about 16% to 82%. The liquor can then be burnt in the recovery boiler. The existing facility became operational in 2009 and is now being supplemented with additional effect evaporators to meet the expanded production capacity.
    (Södra Cell AB)
     
    30.11.2015   Announcement of the installation of a new manufacturing demonstration facility    ( Company news )

    Company news OJI Holdings has developed a ground-breaking "phosphate esterification" production process for cellulose nanofibers

    OJI Holdings Corporation (OJI) has developed a ground-breaking production process for cellulose nanofibers (hereafter, CNF), which applies a phosphate esterification chemical treatment method.

    Practical use of CNF has been largely impeded by the burdensome energy requirements of the pulp refining process from which CNF are derived.
    After evaluation of a variety of chemical processes which could potentially reduce the energy requirements of the refining process, we at OJI have determined that our newly developed chemical treatment process involving phosphate esterification is the most feasible technology at the present time to achieve practical implementation. Therefore, OJI has decided to install a manufacturing demonstration facility to further inspect this production process.

    With the introduction of the demonstration facility, OJI will not only inspect the energy reducing effects of this production process, but we will broaden our array of samples to be provided to users at the implementation stage. This will also expedite the initiative towards commercialization.

    - Merits of phosphate esterification
    The strongest merits of OJI's original phosphate esterification process are as follows:

    1.This technology enables us to produce CNF with high quality (ultra-high transparency, ultra-high viscosity).
    2.It will also provide the means to manufacture by using exclusively safe chemicals (phosphate, etc.) found in common products such as cosmetics.
    3.We expect strong electrostatic resistance between individual CNF which may substantially reduce the energy required in the manufacturing process.

    - Project summary of manufacturing demonstration facility
    Location: Oji Paper Co., Ltd. Tatsumi Office (Anan, Tokushima)
    Production ability: 40 Tons / Year
    Period of operation: The latter half of 2016
    (Oji Holdings Corporation)
     
    30.11.2015   PAPCEL to supply a new headbox to Biocel Paskov    ( Company news )

    Company news At the end of October, 2015, the group of companies PAPCEL/ABK Groupe signed a new contract with the Czech concern “Biocel” Mustertextzuaktivieren (Lenzing group) to supply a new pressure headbox with the outlet width of 6.800 mm, for a wire part of the paper machine for production of cellulose in substance ranging from 800 to 1.350 gsm and speed up to 95 mpm.
    (Papcel a.s.)
     
    30.11.2015   SURTECO continues with stable business    ( Company news )

    Company news -Consolidated sales increase after nine months by 3 % to € 483.9 million
    -EBITDA with € 49.8 million below year-earlier value due to costs for the relocation of decorative printing activities
    -Free cash flow significantly improved to € 37.8 million
    -Outlook for the year 2015 confirmed: modest sales growth and significant improvement of pre-tax profit

    The SURTECO Group – one of the world’s leading manufacturers of decorative surface materials – posted sound sales growth of 3 % at € 483.9 million after nine months of the business year 2015 (nine months 2014: € 470.1 million). Integration costs amounting to a total of € 9.7 million were incurred for the relocation of decorative printing activities to the Buttenwiesen site during the period under review. They were made up of costs for refurbishment and construction operations, as well as costs for the social compensation plan, and the overall expenses were significantly more than had originally been planned. The operating result (EBITDA) at € 49.8 million was therefore below the comparable value of € 57.2 million for the equivalent year-earlier period. The same also applies to the pre-tax result, which achieved a value of € 20.0 million (nine months 2014: € 27.5 million). SURTECO is confirming its forecast for the entire business year 2015 unchanged by re-stating its intention of achieving a slight increase in growth for sales compared with the previous year (2014: € 618.5 million). The projection for the pre-tax result (EBT) is also confirmed. EBT should therefore be significantly above the value of € 22.3 million posted for 2014. Earnings in the previous year were impacted negatively by a restructuring provision amounting to € 9.4 million during the fourth quarter.

    “SURTECO has demonstrated robust growth in 2015 in accordance with expectations. Earnings have been impacted negatively by higher integration costs than originally planned for the relocation of our decorative printing activities and for cost of materials that continue unchanged at a high level. Nevertheless, the result for the business year 2015 will be significantly above the amount posted for the previous year. Since the concentration of our decorative printing activities in Germany is about to be concluded, we can see further potential for 2016, because there will be no one-off negative impacts and we will be able to achieve greater synergies after integration has been concluded”, was how Chairman of the Board of Management of SURTECO SE, Dr. Herbert Müller (photo), summarized the situation.

    Sales growth is based on positive currency effects and on slight growth in local currency. Significant growth impetuses for business in North America were a particular highlight. While the Strategic Business Unit (SBU) Plastics increased sales by 7 % to € 185.2 million, the SBU Paper posted sales at the level of the previous year with € 298.7 million. After tax, the consolidated net profit was € 14.2 million in the first nine months (nine months 2014: € 19.3 million) and € 0.91 calculated as earnings per share (nine months 2014: € 1.24).

    The balance sheet quality of the SURTECO Group continues to be robust. The equity ratio was 49.0 % (31 December 2014: 50.4 %). The free cash flow improved significantly from € 15.7 million to € 37.8 million and net financial debt therefore came down compared with year-end 2014 from € 145.8 million to € 129.0 million. The gearing (net financial debt/ equity) was reduced accordingly to 40 % (31 December 2014: 45 %).

    Against this background, SURTECO confirms the last forecast for the business year 2015. Consolidated sales are therefore projected to be slightly above the level for the previous year of € 618.5 million. The Group is striving to achieve a value significantly above the amount of € 22.3 million actually posted in 2014 for the pre-tax profit.
    (Surteco SE)
     
    30.11.2015   New green products from the forest’s raw materials    ( iwb week )

    iwb week Raw materials and waste products from the forest are predicted to become very important to tomorrow’s climate-smart manufacturing. Green carbon fibre, bioplastics, synthetic petrol and “tech-talking” packaging are some of the futuristic products to be showcased at International Wood Biorefining Week from 24 to 26 May next year in Stockholm.

    Both cellulose and lignin, “the hard part of the tree” and growth cells, can be combined with new technology to produce both new materials and new conditions. Lignin can be transformed into a “green” carbon fibre that can be used in lightweight products. With the aid of nanotechnology it is also possible to produce durable, lightweight and environmentally compatible cellulose materials.

    “Society has big expectations of the forest industry,” explains Mikael Hedlund of the industry magazine Nordisk Papperstidning & Biobusiness. “Using the forest raw material as a base we can create new materials and energy products that help to solve the climate challenge and replace fossil raw materials and fuels. Biobased materials and biofuels offer new business opportunities.”

    High-performance materials from the forest can be used in various contexts and we will get to meet the people who are doing major things with them. Included on the list of presentations will be products made of both nanocellulose and carbon fibre.

    Green carbon fibre in vehicles
    The automotive industry is interested in lignin-based carbon fibres for vehicle bodies, interiors and batteries. Green carbon fibre can save both money and the environment in a number of manufacturing processes.
    “Look, it’s talking! – tomorrow’s packaging” is an item on the programme that focuses on industry’s exploitation of increased digitalisation and built-in electronic systems. We will bring together the forest industry and end users and present the very latest in electrically conductive cellulose and sensors in packaging.

    The forest industry is also on the verge of producing advanced biofuels. Several production methods are possible, for example using gasification or catalytic processes, and the end products can be used in road traffic, aviation and maritime shipping. The technological advances also apply to solid biofuels, where the aim is to reduce volumes while at the same time increasing the fuels’ energy value.

    Forest companies are an important part of the overall energy system will play a leading role in developing a future renewable energy system.
    “We regard International Wood Biorefining Week as an important international meeting place for the entire biobased industry for the purposes of knowledge exchanges, discussions, networking and business contacts in everything to do with issues about the bioeconomy’s innovations and innovators,” says Gustav Melin, CEO of the Swedish Bioenergy Association (Svebio).

    International Wood Biorefining Week is jointly organised by Svebio, Adforum, Elmia and Nordisk Papperstidning & Business. The event includes International Pulp & Paper Week, Bioeconomy Innovation Forum and World Bioenergy, thereby creating a comprehensive meeting place for the forest products refining industry.

    VTT Technical Research Centre of Finland, a leading research and technology company in the Nordic region, and Innventia, a world-leading research institute that works with innovations based on the forest raw material, are both conference partners for the event.
    The conference programme will be published shortly at the event’s website,www.iwbweek.com
    (iwb week)
     
    27.11.2015   NASSENGER SP-1, an ultra-high-speed inkjet textile printer using a single pass system, will be...    ( Company news )

    Company news ... launched at the End of 2015

    NASSENGER SP-1 is characterized by advanced features such as ultra-high speed, high productivity and high resolution, which are made possible by Konica Minolta’s expertise in developing and producing all printheads, printing mechanisms and inks for inkjet textile printers.

    -NASSENGER SP-1 employs a single pass system that prints on a fabric (medium) as the fabric is fed under a fixed print unit. This model boasts a much higher print speed than a scan-type printer that prints by moving a printhead carriage back and forth.
    -The model incorporates newly developed printheads that can eject smaller ink droplets than conventional printers and Konica Minolta’s proprietary ink ejection control technology, which enables the ink droplet size to be adjusted (large, medium, and small), thus achieving higher-quality reproduction of fine patterns and color gradients.
    -For minimized downtime, the model is equipped with functionality that compensates for errors detected by printhead nozzle sensors, and able to adjust density uniformly for each color on all of the printhead modules, thanks to density correction functions using image sensors.
    (Konica Minolta Business Solutions U.S.A. Inc.)
     
    27.11.2015   Graphic Packaging Holding Company Appoints Michael P. Doss as President and CEO    ( Company news )

    Company news David Scheible, who successfully transformed the company, remains as Chairman of the Board through the May 2016 Annual Meeting of Stockholders

    Graphic Packaging Holding Company (NYSE: GPK) announced the appointment of Michael P. Doss as President and Chief Executive Officer, effective January 1, 2016. Mr. Doss succeeds David Scheible, who will preside as Chairman of the Board through the May 25, 2016 Annual Meeting of Stockholders.

    On behalf of the Board of Directors, Jeffrey H. Coors, Lead Director, said, "It has been a pleasure to work with David for the past 17 years as he led the company's financial and cultural transformation and built a firm foundation for sustained, long-term growth. He has taken Graphic Packaging from a highly leveraged position to a top-performing packaging leader, expanded the business as a growing international company, and created a culture of innovation and execution excellence. I wish to express the Board's gratitude for David's exceptional vision, intense passion and tireless dedication."

    In May 2015, Mr. Doss, age 49, was named President and Chief Operating Officer and was elected to the Board of Directors. He was appointed Chief Operating Officer in November 2013, taking responsibility for the company's global operations. Mr. Doss has held positions of commercial and operational leadership during his 25-year career with Graphic Packaging, including Executive Vice President, Commercial Operations, and Senior Vice President for the company's Consumer Packaging Division. He holds a Bachelor of Science in Industrial Marketing and a Master of Business Administration in Finance, both from Western Michigan University. He is also a graduate of Harvard University's General Manager Program.

    "Today's announcement reflects a seamless executive leadership transition," continued Mr. Coors. "In recent years, Mike helped engineer and execute the company's strategic direction. After a careful and diligent succession planning process, we are confident that Mike is absolutely the right leader to take Graphic Packaging to the next level of performance."

    "I am very proud of the many accomplishments we have achieved working together since I joined the company in 1999," said Mr. Scheible. "We have established Graphic Packaging as a clear leader in our industry. We have done so by reducing debt, expanding EBITDA margins, growing earnings per share, and significantly increasing stock price in the face of challenging operating environments. I am equally as proud that we have built a culture of excellence that will drive enduring success for our company in the future. Becoming President and CEO is the natural next step for Mike, whose partnership with me has been critical in engineering the company's transformation into a singularly focused, vertically integrated business. He will bring a fresh perspective to the CEO role, as he continues on the strategic path he helped shape and execute over the past several years. There is no better leader for Graphic Packaging than Mike, given his commitment and passion for the business, deep industry and customer knowledge and keen leadership skills."

    "This opportunity is an incredible honor. I am grateful to the Board for their confidence in me and to David for his mentoring over many years," said Mr. Doss. "Graphic Packaging is a dynamic and growing company with a strong leadership team. We have the right strategy in place, our business is robust, our people are the best in the industry, and our culture continues to drive operational excellence. I look forward to leading Graphic Packaging into our next chapter."

    The announcement comes as Graphic Packaging continues its profitable growth trend. The company recently reported another quarter of strong operational and financial performance, reflecting the success of a strategic emphasis on growing its core business through innovation, focused investments and acquisitions for geographic and channel expansion.
    (Graphic Packaging Holding Company)
     
    27.11.2015   Next step for Södra Cell Mörrum     ( Company news )

    Company news The expansion at Södra Cell Mörrum is continuing. A new primary screening system and brown stock washing system will be put into operation between 23 November and 11 December. The new brown stock washing system is initially expected to increase production capacity on the softwood pulp line by 30,000 tonnes per year. The investments will contribute to higher pulp quality, more effective washing results and lower chemical consumption on the pulp line.

    A new primary screening facility is being installed on the softwood pulp line, while the cleaning equipment before and after the oxygen bleacher is being replaced and upgraded. All of the equipment is being installed in existing plant premises.

    "We are excited to be installing and commissioning an entirely new facility," says Jörgen Lindström, Project Manager at Södra Cell Mörrum. "Naturally, this is an important investment for Södra, but also for our customers and the nearby community. We are investing in the future."

    A year and a half of planning and preparation will now come to fruition during two highly intensive weeks of installation, which will take place in conjunction with the major shutdown at the mill between 23 November and 4 December. At the height of this period, 250 employees will be involved in the disassembly, installation and start-up of the project.
    (Södra Cell AB)
     
    27.11.2015   Reno de Medici : Approved the Interim Report at 30 September 2015    ( Company news )

    Company news THE BOARD OF DIRECTORS APPROVES THE INTERIM REPORT AS AT SEPTEMBER 30, 2015

    MAIN CONSOLIDATED FINANCIAL RESULTS OF THE FIRST NINE MONTHS OF 2015 (VS. FIRST NINE MONTHS OF 2014*)
    -NET REVENUES: €334.8 MILLION (COMPARED TO €322.8 MILLION AS AT SEPTEMBER 30, 2015)
    -GROSS OPERATING PROFIT (EBITDA): €34.1 MILLION (COMPARED TO €33.7 MILLION AS AT SEPTEMBER 30, 2015)
    -OPERATING PROFIT (EBIT): €15.9 MILLION (COMPARED TO €16.8 MILLION AS AT SEPTEMBER 30, 2015)
    -NET PROFIT BEFORE DISCONTINUED OPERATIONS: €10.9 MILLION (COMPARED TO €11.2 MILLION AS AT SEPTEMBER 30, 2015)
    -NET PROFIT FOR THE PERIOD: €10.1 MILLION (COMPARED TO €10.6 MILLION AS AT SEPTEMBER 30, 2015)
    -NET FINANCIAL INDEBTEDNESS: €55.0 MILLION (COMPARED TO €65.9 MILLION AS AT DECEMBER 31, 2014)

    The Board of Directors of Reno De Medici S.p.A. ('RDM' or the 'Company'), parent company of one of the world's largest producers of recycled cartonboard, met under the chairmanship of Mr. Robert Hall, examined and approved the Interim Consolidated Report as of September 30, 2015 of the Reno De Medici Group ('RDM Group' or the 'Group'), which closes with revenues equal to 334.8 million euro, an increase vs. 322.8 million euro as of 30 September 2014. EBITDA reaches 34.1 million euro, an improvement vs. 33.7 million euro as at 30 September 2014; such increase results in being even more significant when adjusted by the impact of the Energy Efficiency Certificates (EEC), which in 2014 were granted for a higher amount for the completion of the projects envisaged by the 5-years plan.

    Net financial indebtedness as at 30 September 2015 declines to 55 million euro, a sizeable decrease compared to the level of 65.9 million euro as at 31 December 2014, thanks to the positive performance of operations. Lastly, even Net Profit for the Period, equal to 10.1 million euro, indicates a profitability increase when compared with the result of the first nine months of the previous fiscal year when excluding the EEC contribution.

    In the White Lined Chipboard sector, in which Reno De Medici operates, the European demand in the first nine months of 2015 grew by 4.0% compared to the same period of the previous year, showing an acceleration in Q3 2015 vs. Q2 2015. Such relatively high growth rate might also reflect temporary re-stocking behaviors of the operators. In Europe, the order intake has remained well above the previous years' levels until August; in September, after the summer break, activities picked up at a much slower pace than expected.

    As at 30 September 2015, all the mills of the Group operated at full production capacity.

    As regards the main factors of production, until August, the prices of recycled fibers confirmed the upward trend that has already been experienced in the previous quarter; in September they stabilized, showing some turnaround signs. Chemicals showed a mixed picture, as prices of latex are decreasing since July/August, whilst prices of starch are somewhat increasing.

    The price of natural gas, main energy source for the Reno De Medici Group, stayed firm at the minimum levels recorded in March, substantially lower compared to 2014. Even the electricity prices present the same stability at minimum levels, notwithstanding peaks driven by surge in demand due to high summer temperatures that occurred in July in Italy. In 2015 the cost of electric energy of the Italian mills has increased, for the mandatory contribution imposed also on self- produced energy, to support renewable energy sources: in October, after the new further raise, the weight of mandatory contribution is higher than the bare cost of electricity. Lastly, the coal price shows a slight increase compared to the previous quarter, even though it remains at very low levels.

    As at September 30, 2015, the RDM Group has reached Revenues from Sales of 334.8 million euro, an increase vs. 322.8 million euro in the first nine months of 2014. Such rise is mainly due to higher sold volumes, equal to 630,000 tons, in the first nine months of 2015 (such amount does not include the Spanish subsidiary Company Reno De Medici Ibérica S.l.u. for the aforementioned reasons) vs. the 611,000 tons of the first nine months of 2014. Selling prices rose in Q3: the increase announced in spring showed its effects starting from July, recovering the gradual erosion that prices suffered in the second half of 2014. In the nine-month period, average prices thus resulted in being in line with the same period of the previous year.

    Key events
    In the first nine months of 2015 the Gross Operating Profit (EBITDA) was 34.1 million euro, compared to 33.7 million euro as at September 30, 2014. Such increase reflects the lower energy cost and the decline in other production costs, also due to the full efficiency of the S. Giustina mill, whose production in 2014 was penalised by the commissioning of the new equipment. The increase in operating profitability results in being even more significant when adjusted by the impact of the Energy Efficiency Certificates, which in 2014 were granted for a higher amount following the completion of five-year projects.
    As at September 30, 2015, Operating Profit (EBIT) amounts to 15.9 million euro, compared to 16.8 million euro recorded as at September 30, 2014.
    In the nine-month period Net Financial Expenses amount to 2.5 million euro, a substantial decrease compared to 3.5 million euro in the first nine months of 2014. Such improvement reflects the decrease in Net Financial Indebtedness and the benefits of lower interest rates on the average cost of debt. Furthermore, thanks to the new loans drawn in the last few months, the Group's financial indebtedness is now mainly based on long-term debt. Exchange differences were also positive, due to the revaluation of the US dollar and the GBP recorded in Q1 2015.
    In the first nine months of 2015, the RDM Group reached a Net Profit of 10.1 million euro, vs. 10.6 million euro as at September 30, 2014. Such a result indicates an improvement in profitability when compared with the result of the first nine months of the previous fiscal year net of the EEC contribution, thanks to the sound performance of operations and lower Financial Expenses.
    As at September 30, 2015, consolidated Net Financial Indebtedness is equal to 55.0 million euro (including Reno De Medici Iberica S.l.u.), showing a 10.9 million euro decrease vs. 65.9 million euro as at December 31, 2014, thanks to the positive performance of operations.
    At the beginning of August, Reno De Medici completed the sale of the area in which the Marzabotto mill was built. The relative accounting assets had already been aligned to the sale price in Q2 2015.

    Outlook
    As regards the macroeconomic scenario, the evolution of Q4 should be in line with that of Q3. Forecasts for 2016 envisage a moderate acceleration of global growth, driven by a rebound in Emerging Markets and Developing Economies.
    (Reno De Medici S.p.A.)
     
    27.11.2015   New green products from the forest's raw materials    ( Company news )

    Company news Raw materials and waste products from the forest are predicted to become very important to tomorrow’s climate-smart manufacturing. Green carbon fibre, bioplastics, synthetic petrol and “tech-talking” packaging are some of the futuristic products to be showcased at International Wood Biorefining Week from 24 to 26 May next year in Stockholm.

    Both cellulose and lignin, “the hard part of the tree” and growth cells, can be combined with new technology to produce both new materials and new conditions. Lignin can be transformed into a “green” carbon fibre that can be used in lightweight products. With the aid of nanotechnology it is also possible to produce durable, lightweight and environmentally compatible cellulose materials.

    “Society has big expectations of the forest industry,” explains Mikael Hedlund of the industry magazine Nordisk Papperstidning & Biobusiness. “Using the forest raw material as a base we can create new materials and energy products that help to solve the climate challenge and replace fossil raw materials and fuels. Biobased materials and biofuels offer new business opportunities.”

    High-performance materials from the forest can be used in various contexts and we will get to meet the people who are doing major things with them. Included on the list of presentations will be products made of both nanocellulose and carbon fibre.

    Green carbon fibre in vehicles
    The automotive industry is interested in lignin-based carbon fibres for vehicle bodies, interiors and batteries. Green carbon fibre can save both money and the environment in a number of manufacturing processes.

    “Look, it’s talking! – tomorrow’s packaging” is an item on the programme that focuses on industry’s exploitation of increased digitalisation and built-in electronic systems. We will bring together the forest industry and end users and present the very latest in electrically conductive cellulose and sensors in packaging.
    The forest industry is also on the verge of producing advanced biofuels. Several production methods are possible, for example using gasification or catalytic processes, and the end products can be used in road traffic, aviation and maritime shipping. The technological advances also apply to solid biofuels, where the aim is to reduce volumes while at the same time increasing the fuels’ energy value.
    Forest companies are an important part of the overall energy system will play a leading role in developing a future renewable energy system.

    “We regard International Wood Biorefining Week as an important international meeting place for the entire biobased industry for the purposes of knowledge exchanges, discussions, networking and business contacts in everything to do with issues about the bioeconomy’s innovations and innovators,” says Gustav Melin, CEO of the Swedish Bioenergy Association (Svebio).

    International Wood Biorefining Week is jointly organised by Svebio, Adforum, Elmia and Nordisk Papperstidning & Business. The event includes International Pulp & Paper Week, Bioeconomy Innovation Forum and World Bioenergy, thereby creating a comprehensive meeting place for the forest products refining industry.
    VTT Technical Research Centre of Finland, a leading research and technology company in the Nordic region, and Innventia, a world-leading research institute that works with innovations based on the forest raw material, are both conference partners for the event.
    (Adforum AB)
     
    27.11.2015   ANDRITZ receives follow-up order for paper machine rebuild from Cartiere Modesto Cardella, Italy    ( Company news )

    Company news Following the successful rebuild and start-up of the wet section of the paper machine PM4 in 2010, international technology Group ANDRITZ has received a follow-up order from Cartiere Modesto Cardella to rebuild PM3 in Lucca, Italy. Start-up is scheduled for the end of 2016.

    The scope of supply comprises an ANDRITZ PrimeFlow TW two-layer headbox with PrimeProfiler F dilution water control and PrimeForm TW gap former. The PM3 has a design speed of 1,200 m/min and produces fluting, testliner, and corrugated medium with a basis weight range of 80-150 gsm. The raw material is 100% waste paper.

    The ANDRITZ design provides innovative, high dewatering performance for the production of corrugated base paper grades with minimum two-sidedness, thus there is as little difference as possible between the surface quality of the wire side and the surface quality of the top side of the paper web. The driving factors for Cartiere Modesto Cardellaʼs rebuild are significant improvements in paper quality and runability.
    (Andritz AG)
     
    26.11.2015   Zünd: Excellent Presentation at Viscom 2015    ( Company news )

    Company news Zünd looks back on a successful Viscom 2015. In Dusseldorf, the specialist for modular high-performance cutters presented the latest cutting systems and automation solutions for commercial and industrial use. For its innovative systems, Zünd was awarded two Viscom Best of 2015 Awards.

    Picture: Excellent solutions - Zünd has been honored with two Viscom Best of 2015 Awards for both its software solution Zünd Cut Center (ZCC) and the collaborative UR robot.

    In accordance with their motto "Your first choice in digital cutting," Zünd presented innovative technologies and inspired the expert audience with a variety of solid examples of applications. The automatic ARC cutter changer and the new UR robot drew the biggest crowds. Zünd has been represented at Viscom for many years and knows customers' needs for integrated and efficient finishing solutions, innovative automation systems, and new applications like no other provider. Zünd's presentation, which focused on precisely these customer requirements, was met with great interest by the specialist audience. This included, in particular, the Zünd Cutter G3 M-2500 with ARC and the Zünd Cutter S3 M-800 with UR robot and workflow solutions. Not least, the strong performance of Zünd cutter systems and the enormous flexibility in Zünd's order processing impressed the visitors. The comprehensive workflow integration shown by the Zünd Cut Center - ZCC rounded off the portfolio.

    Double whammy: Industry awards for software and robot
    Zünd scores with innovations, optimizes the production workflow, and is a pioneer for the graphic arts industry, concluded the jury. The successful Swiss family-owned company has been honored for the collaborative UR robot, newly introduced to the market, with a Viscom Best of 2015 Award. Another prize was awarded to Zünd in the software category for its software solution Zünd Cut Center - ZCC. The ZCC offers operators maximum flexibility in order processing. Highlights of the software include a comprehensive material database, high-powered nesting, and Cut Queue for automated batch processing of different orders.
    (Zünd Systemtechnik AG)
     
    26.11.2015   Cenveo Announces Third Quarter 2015 Results     ( Company news )

    Company news -Net Sales of $419.8 million in Q3 2015
    -Adjusted EBITDA of $42.0 million in Q3 2015, up 17.9% from Q3 2014
    -Packaging Business now classified as discontinued operations
    -Packaging Business strategic review expected to conclude in the near term
    -Company fully compliant with SEC and NYSE

    Cenveo, Inc. (NYSE: CVO) announced results for three and nine months ended September 26, 2015. The reported results exclude the operating results of our Packaging operating segment as well as our one top-sheet lithographic print operation, collectively referred to as our Packaging Business, as it has been classified in our consolidated financial statements as discontinued operations.

    Robert G. Burton, Sr. (photo), Chairman and Chief Executive Officer stated:
    "We are pleased with our results for the third quarter, as we had several key accomplishments, including strong growth in operating income and Adjusted EBITDA, and solid cash flow from operations. Our envelope operations delivered significant operational improvement as we continue to see the benefits of our consolidation efforts that were implemented last year. Combined with solid direct mail volumes and price increases, our envelope business delivered adjusted EBITDA margins of approximately 11% for the quarter. Our print and label businesses performed generally in line with our expectations, which allowed the Company to grow our adjusted EBITDA for the quarter by approximately 18% compared to last year."

    Strategic Review Update – Packaging Business:
    Over the course of the second and third quarters of 2015, we have been actively marketing the sale of our Packaging Business to multiple strategic parties. As of the end of the third quarter, management has been given the appropriate authority to move forward with these strategic parties on a potential sale of the Packaging Business; therefore, the assets, liabilities, operations and cash flows of the Packaging Business have been reclassified as discontinued operations for all periods presented. While there can be no assurance that we will ultimately reach an agreement with any of the strategic parties or as to the timing of reaching such agreement, we believe that we will do so in the near term given our significant progress to date.

    Results of Operations Overview:
    The Company generated net sales of $419.8 million for the three months ended September 26, 2015, compared to $435.6 million for the same period last year, a decline of 3.6%. The Company generated net sales of $1.26 billion for the nine months ended September 26, 2015, compared to $1.31 billion for the same period last year, a decline of 3.4%. The decline in net sales is attributable to the consolidation of several envelope facilities during 2014 in connection with the accelerated integration of the National Envelope assets with our existing operations and two new envelope facilities, and continued pricing pressure in our print business. Excluding the impact of the integration, we believe our envelope group net sales were up modestly on a year-to-date basis, which is primarily attributable to product mix and pricing improvements, offset by volume declines.

    Operating income was $19.5 million for the three months ended September 26, 2015, compared to operating income of $10.2 million for the same period last year, an improvement of 90.7%. Operating income was $59.0 million for the nine months ended September 26, 2015, compared to operating income of $31.5 million for the same period last year, an improvement of 87.0%. Operating income in 2014 was impacted by expenses associated with the closure and consolidation of several envelope facilities related to the integration of the National Envelope assets, which along with the price increases realized from certain customers, has resulted in significant operating margin improvement and efficiencies in 2015. Non-GAAP operating income was $29.0 million for the three months ended September 26, 2015, compared to income of $22.1 million for the same period last year, and income of $77.5 million for the nine months ended September 26, 2015, compared to income of $64.9 million for the same period last year. A reconciliation of operating income to non-GAAP operating income is presented in the attached tables.

    For the three months ended September 26, 2015, the Company had a loss from continuing operations of $3.6 million, or $0.05 per diluted share, compared to a loss of $14.0 million, or $0.21 per diluted share, for the same period last year. For the nine months ended September 26, 2015, the Company had a loss from continuing operations of $15.1 million, or $0.22 per diluted share, compared to a loss of $71.7 million, or $1.07 per diluted share, for the same period last year. On a year-to-date basis, the improvement was primarily due to a debt extinguishment charge in connection with the debt refinancing that was completed in June 2014, lower restructuring charges, as well as the significant operating margin improvement and efficiencies resulting from the National Envelope integration. Non-GAAP income from continuing operations was $6.5 million, or $0.07 per diluted share, for the three months ended September 26, 2015, compared to non-GAAP loss from continuing operations of $3.6 million, or $0.05 per diluted share, for the same period last year. For the nine months ended September 26, 2015, non-GAAP income from continuing operations was $5.0 million, or $0.06 per diluted share, compared to a loss of $16.4 million, or $0.25 per diluted share, for the same period last year. A reconciliation of loss from continuing operations to non-GAAP income (loss) from continuing operations is presented in the attached tables.

    Adjusted EBITDA was $42.0 million and $35.6 million for the three months ended September 26, 2015 and September 27, 2014, respectively. For the nine months ended September 26, 2015, Adjusted EBITDA was $113.9 million, compared to $106.1 million for the same period last year. These increases over their prior year respective periods are primarily attributable to the improvement of our envelope operations subsequent to the prior year consolidation efforts and continued operating improvements in our label product lines, partially offset by a decline in our print operations due to product mix and continued price pressure. A reconciliation of net loss to Adjusted EBITDA is presented in the attached tables.

    Cash flow provided by operating activities for the nine months ended September 26, 2015 was $14.8 million, compared to a use of cash of $7.3 million for the same period last year. This improvement was primarily driven by the improvement in our operating results, lower contributions to post-retirement plans, partially offset by a net use of cash from working capital as compared to the prior year due to seasonal working capital levels and the timing of interest payments on our long-term debt.

    SEC and NYSE Compliance:
    Effective today, the Company has made all SEC filings for the first three quarters of 2015 and is now current in all of its SEC filing requirements. In light of these filings, we are now in full compliance with our NYSE listing requirements.

    Robert G. Burton, Sr., Chairman and Chief Executive Officer concluded:
    "As we enter the fourth quarter, we believe we are well positioned to deliver on both our financial commitments and execute our long term strategy. We will look to continue to drive improved margins, increase cash flow and address our higher cost debt. A near term completion of our strategic review will allow us to focus our attention on our continuing operations where we enjoy a stronger position in the market. While the strategic review of our assets has been deliberate and has taken some time, we remain confident that we are significantly improving our strategic position in a way that will create value for investors. I am very excited about the significant progress that we have made so far this year on a number of fronts. Our continued focus on costs has allowed us to deliver on our commitments despite challenging conditions in certain end markets.
    (Cenveo / Cadmus Specialty Packaging)
     
    26.11.2015   Improved paper as a result of a dryer section rebuild at BillerudKorsnäs, Pietarsaari    ( Company news )

    Company news EV Group (EVG) has delivered a dryer section modification on the PM1 at BillerudKorsnäs Finland Oy, Pietarsaari. After the modification the draw differences between the press and dryer section have been reduced with improved end product properties as a result. Simultaneously also the amount of web breaks have been reduced, improving the overall runnability and production line efficiency.

    EVG made modifications to shorten the long open draw between the press and dryer section. Grooved cylinders in the first dryer group were modified to vacuum rolls by drilling the cylinder surface. EV EasyOne eco high release web stabilizers were installed above these drilled vacuum rolls. The installation also included a low pressure compressor and compressed air piping. The remaining first dryer section pockets were equipped with EVsf2 web stabilizers to ensure a good runnability of the web. DST doctors and needed modifications and additions to existing air systems were also included into the scope of supply, as the field activities including installation and start-up services.

    As a result of the modification the end product properties were improved as expected. Less web breaks has also led to an improved runnability in the press and dryer section.

    BillerudKorsnäs Pietarsaari PM1 produces kraft and sack paper in the basis weight of 50 - 150g/m2. Machine speed is 900 m/min, width 6.6 m and with a yearly production capacity of 200.000 tons.
    (EV Group Oy - EVG)
     
    26.11.2015   Twin Rivers Paper Company Invests in Core Business    ( Company news )

    Company news Capital Improvement Projects Enhance No. 7 Paper Machine in Madawaska Mill

    Twin Rivers Paper Company recently completed a series of upgrades to its No. 7 Paper Machine, enhancing the overall quality, efficiency and capabilities of a machine instrumental to manufacturing products supporting the specialty packaging, publishing, and label markets.

    “PM7 is a critical machine that supports our leadership positions in all segments of our business. The upgrade is evidence of the ongoing commitment to invest capital that aligns with our strategic direction and to ensure the long term viability of the operation. Since our new ownership took the helm over $25MM has been invested throughout the Twin Rivers system,” commented Dave Deger, Vice President of Strategy and Marketing. “We recognize this is a particularly challenging time for the industry so it is great to be a part of a team that values continuous improvement of the operations.”

    Key enhancements include an upgraded size press, improved coating flexibility, installation of a dandy roll, and slitter/rewinder modifications. The end result is a more capable asset that is well positioned to produce a diverse range of products including grease resistant packaging papers; lightweight opaque papers used for pharmaceutical, financial and religious publishing; and base papers used in a variety of label applications.

    Deger added, “PM7 is a workhorse for Twin Rivers, serving deadline driven and technically challenging markets. It produces many of our hallmark grades and the work completed brings both enhanced capacity for strategic grades and critical redundancy of supply.”

    Aside from the No. 7 Paper Machine, Twin Rivers operates four additional paper machines that manufacture a range of coated and uncoated papers with options in fiber content, functional characteristics, aesthetics and sustainability. The company is known for rapid innovation and its commitment to co-development.
    (Twin Rivers Paper Company)
     
    26.11.2015   Pöyry awarded two engineering services assignments for BillerudKorsnäs, Sweden    ( Company news )

    Company news BillerudKorsnäs has awarded Pöyry with two engineering services assignments in Sweden. One for a new board machine project in their production site in Gruvön; and the other for the machine glazed (MG) paper machine relocation project from Tervasaari in Finland to Skärblacka in Sweden.

    BillerudKorsnäs is a leading supplier of renewable fibre-based packaging materials and solutions, and one of the world leaders in liquid packaging board and other virgin fibre cartonboard. Driven by global megatrends, the demand for these types of board is increasing. BillerudKorsnäs is investigating the possibility of installing a new board machine at the production unit in Gruvön. The machine would become one of the most cost efficient in the world with a capacity of approximately 500 000 t/a of liquid packaging board, cartonboard, food service board and white kraftliner. Pöyry has been awarded pre-project engineering services to develop the investment plan into a viable technical concept.

    Simultaneously, BillerudKorsnäs is launching a separate investigation into potential further structural change and growth in specific kraft paper segments. The investigation includes exploring the possibility of moving and integrating the MG paper machine in Tervasaari, Finland, to pulp production at Skärblacka, Sweden. The investigation will also look at investment in further value adding surface treatment capacity at the existing MG paper production in Skärblacka. If implemented, the investments would strengthen Skärblacka's position as one of the world's most efficient production units for white MG papers while also opening up opportunities in attractive market segments within medical papers, food packaging and release liners. Pöyry's assignment covers pre-project engineering services for the machine relocation.

    "These projects are evidence of our successful operation model where global competence and local presence are combined. We are executing this project with experts from Sweden and Finland to ensure the best result for the client. We are proud to be the selected partner of BillerudKorsnäs with these strategically important development opportunity investigations. These assignments further strengthen Pöyry's position as the world's leading pulp and paper engineering consultancy.", says Johan Ehrnrooth, Pöyry's Vice President, Pulp & Paper Europe.

    The values of the orders are not disclosed. The orders will be recognised within the Industry Business Group order stock in Q4/2015.
    (Pöyry Plc)
     
    26.11.2015   Celtex acquires the group Hecatec    ( Company news )

    Company news The paper manufacturer Celtex S.p.A., for thirty years a specialist in the production of tissue paper for professional use, has in the last few days completed the acquisition of the German group Hecatec, which has plants in the province of Leipzig and a subsidiary in Poland. Hecatec also operates in the tissue products sector and in the complementary field of nonwoven fabrics used in cleaning, personal hygiene and in particular the health sector.

    A key factor in the acquisition process was the support of the Intesa Sanpaolo Group, represented locally by the Cassa di Risparmio di Pistoia e della Lucchesia (Savings Bank of Pistoia and the Plain of Lucca). The company’s long relationship with the bank enabled involvement of members of the Intesa Sanpaolo Group in providing all the support necessary to validate, develop and finance the project. The EMEA desk of the International Department and Mediocredito Italiano (a member of the Intesa Sanpaolo Group) supported the acquisition through a medium-term financial product known as “International+”.

    Celtex, which has its headquarters in Lucca’s paper-making district, has an international reputation for the export of high quality products and cutting-edge manufacturing technology, thanks to a process of continuous innovation. The group, which has plants in Tuscany and in particular in the province of Lucca, and also in Saint-Dizier in France, had revenue of approximately 100 million euros in 2014, with over 60% of its products being exported, mainly to markets in EU member states.

    The German group has been active on the North European market for more than twenty years under the Temca, Profix, Racon, Temdex and Clivia brands.

    Collaboration between Celtex and Hecatec (which has revenues of around 40 million euros) dates back some twenty years. The acquisition is the result of the companies’ familiarity with each other and shared strategy of growth and international expansion. It developed from the mutual respect and trust between Celtex’s Andrea Bernacchi, Claudio Giacometti and Alessandro Carrara and Hecatec’s Reiner Hasseider and Ralf Rossmann. The forward-looking strategy and future synergies saw the collaboration evolve into a joint international operation and the personal relationship itself enabled the Celtex offer to prevail over others with a greater financial dimension. Market considerations were, of course, also a determining factor: with this acquisition, Celtex increases its sales, completes its product range and gains a significant bridgehead into the German and East European market.
    (Celtex spa)
     
    25.11.2015   Investments in future growth in focus at BillerudKorsnäs' Capital Markets Day    ( Company news )

    Company news The theme for BillerudKorsnäs’ second Capital Markets Day (CMD) is “Investing in sustainable and profitable growth”. BillerudKorsnäs will elaborate on how current and planned investments in market position, structure and innovation will drive growth in sales and profitability. The Group’s financial targets have been revised to better support the growth strategy.

    BillerudKorsnäs’ strategic focus is to be at the forefront of development in primary fibre-based packaging materials and solutions, with the overall objective of generating sustainable and profitable growth. The previously communicated target of organic growth of 15-20% by 2018 is revised to a long-term target of 3-4% organic growth per year. BillerudKorsnäs is thereby committed to grow faster than the anticipated growth in the packaging paper and board market.

    In addition to the growth target, BillerudKorsnäs has decided to set the following financial targets from 2016:
    - EBITDA margin should exceed 17%. The target replaces the EBIT margin target.

    - Return on capital employed (ROCE) should exceed 13%.

    - Net debt to EBITDA ratio should be below 2.5. The target replaces the net debt to equity target.

    - The dividend policy remains unchanged – 50% of net profit to be distributed as dividend.

    BillerudKorsnäs has over the past years shown stability in the underlying financial performance despite varying market conditions between Business Areas. As a consequence, the ambition is to reach the financial targets irrespective of business cycles.

    Business Area Containerboard will be renamed to Business Area Corrugated Solutions from
    1st of January 2016. This change is reflecting the organizational changes underway within the business area to further strengthen the focus on selling value adding solutions to brand owners around the world.
    (BillerudKorsnäs AB)
     
    25.11.2015   EUROPAC INCREASES ITS EBITDA 20.5%    ( Company news )

    Company news The Governing Board of Grupo Europac (Papeles y Cartones de Europa, S.A.) has approved the accounts corresponding to the third quarter of the year. Between January and September, the company registered a consolidated EBITDA of 81.5 million Euros, 20.5% higher than the 67.6 million achieved in the same period of 2014.

    -The EBITDA that had become stagnant in the third quarter was 30.1 million, 46.5% more that last year and 11.1% more than the previous quarter.
    -The consolidated EBITDA was 81.50 million, confirming a sustained growth trend during four consecutive quarters.
    -The profit before tax between January and September was 31.7 million, 89.4% more than the same period of 2014.
    -The reduction of the financial cost in 15.5% shall continue decreasing in the coming quarters after the signature of the new syndicated loan in July this year.

    Moreover, the profit before taxes grew 89.4% to 31.7 million and the EBIT registered 45.5 million, 39.4 % higher than 2014. All this, in an environment with a slight increase of aggregate sales that reached 814.8 million, 3% more than a year ago, and a reduction of the financial cost in 15.5%, which will continue dropping in the coming quarters after the signing of the new syndicated loan in July.

    After the closure of the third quarter of the financial year, the consolidated EBITDA and the EBIT registered four consecutive quarters of sustained growth, which reflect a positive trend of the evolution of the activity carried out by Grupo Europac. The stagnant consolidated EBITDA and EBIT of the third quarter of the year exceeded the values of the previous year in 46.5% and 100%, respectively.

    Enrique Isidro, executive vice-president of Grupo Europac said that "in an environment of aggregate sales similar to a year ago, the sustained improvement of the results of the company are the result of the increase in the margin of the Paper Division, which reached 15.1% compared to 12.8% of the same period in 2014 and the reduction of the financial costs. Moreover, in the Packaging Division, we have started the margin recovery process, penalised with the increase of the cost of its raw material”.

    Business lines
    The Paper Division registered a 22.5% increase of the EBITDA compared to 2014, which is the result of the increase of the volume and improvement of the margins. An environment dominated by a strong demand and low level of stocks in Europe, together with internal profitability improvement projects, allow expecting good results in the coming quarters.
    Moreover, at the closure of the third quarter, recovered European papers stocks were at the maximum levels of a month of September since the beginning of the crisis in 2008. This has allowed a stable price of the raw material and anticipates a possible downward trend in the coming months.
    In terms of the Packaging Division, the increase of the price of the raw material and the occasional increase of the costs linked to the putting into service of the new commercial and operational plans, plus the costs arising from the putting into service of the factory in Tangier have entailed a descent of the EBITDA in 21.7% compared to the first nine months of 2014. Considering the stagnant quarter, the descent of the EBITDA of the third quarter of 2015 has been 7.6% compared to the same quarter in 2014 and 7.1% compared to the second quarter of the same year.
    The increase in profitability in Spain is emphasized, together with the increase of volume in Portugal and the gradual improvement of the activity in France. In the context of an increase in consumption of the reference markets, based on the general improvement of economic activity, the business has begun the process to recover penalised margins as a result of the increases of the price of raw material.

    Ongoing investments
    Moreover, the investments provided in the Strategic Plan 2015-2018 are progressing as expected. After setting up the new winding machine at the paper factory in Rouen during the first quarter of the year, before the end of the year the new integrated packaging factory in Tangier shall begin and the second phase of the Proyecto Estucados de Dueñas will conclude.
    After the commercialisation of the glossy coated paper in 2014, this phase entailed the paper machine No. 1 (MP1) of the factory in Palencia to be at a standstill during more than two months. During this period, most of the production of the machine increased up to 2.5 meters and the speed has increased 10%.
    Additionally, we equalled the width of the paper machine in Dueñas to do a more balanced distribution of the paper production. The specialisation of the MP1 in brown paper and MP2 in white, enables improving the planning and service, optimising production and increasing efficiency and profitability of the process.
    The third and last phase of the Proyecto Estucados in the last quarter of 2016 will mean the commercial launching of a double coated glossy paper, which offers the maximum quality possible for printing purposes. This fact, jointly with the implementation of the digital printer in Dueñas and the two high-quality printers installed in the Portuguese factories in Guilhabreu and Leiria will allow Europac to continue working on the increase of the margins in its business lines.
    (Europac Papeles y Cartones de Europa S.A.)
     
    25.11.2015   Sappi Alfeld appoints Thomas Rajcsanyi as new managing director    ( Company news )

    Company news Continued development of Sappi Alfeld as leading competence centre for speciality papers and boards

    Thomas Rajcsanyi (photo) has recently joined Sappi Alfeld GmbH as managing director. He replaces Stefan Karrer, who has left Sappi Alfeld to return home to southern Germany for personal reasons.

    Mr. Rajcsanyi learned the business of paper manufacturing from the bottom up and has held a number of successful positions in the paper industry. Most recently, he served for seven years as the managing director of Feldmühle Uetersen, a German based paper company. "We're delighted to take on board such a skilled and experienced leader as Thomas Rajcsanyi. With his expert knowledge, he will lead the Alfeld mill and the strategic development of our speciality papers and boards forward into the future," says Berry Wiersum, Chief Executive Officer, Sappi Europe.

    When asked about his goals, Mr. Rajcsanyi (47 years) replied, "We want to maintain our standards of excellence and sustainability and continue to develop Sappi Alfeld as a competence centre for speciality papers and boards." Mr. Rajcsanyi is enthusiastic about his move to Sappi Alfeld. "My predecessors have made absolutely the right decisions and laid the foundation for a successful future," he says, referring to the Alfeld plant's exclusive focus on speciality papers. The conversion of PM2, successfully completed last year at a cost of over €60 million, is already proving extremely successful after just under two years. The mill’s competence centre for speciality papers and boards, including a world-class paper lab, continues to add value to customers and to the mill’s operations.

    Mr. Rajcsanyi will in his new role continue to build upon the current strategy of strengthening the speciality paper business. He will focus on further optimising and utilising the mill’s five paper machines. He also intends to maintain or improve the high quality standards of the wide range of speciality papers and cartons manufactured at the plant. In addition, he plans to add further innovative products and packaging solutions to the Sappi product portfolio.
    (Sappi Alfeld GmbH)
     
    25.11.2015   Konecranes to deliver train loading system to Metsä Group bioproduct mill in Finland    ( Company news )

    Company news Konecranes recently received an order for a train loading system for Metsä Group's bioproduct mill in Äänekoski, Finland. The automatic train loading system comprises two cranes that will be used for loading pulp units on railway wagons. The system will be delivered to the bioproduct mill in 2017.

    Metsä Fibre, part of Metsä Group, is building the bioproduct mill in the existing mill area in Äänekoski. It will be the world’s first next-generation bioproduct mill that can convert wood raw material into a diverse range of bioproducts. In addition to high-quality pulp, the mill will produce bio-energy and various bio-materials in a resource-efficient way.

    “We are very proud to deliver lifting equipment to this state-of-the-art bioproduct mill,” says Hannu Piispanen, Industry Specialist, Pulp and Paper, Konecranes. “The ordered train loading system is of a new innovative application design, which is able to move 1,100 tons of pulp per hour onto the railway wagon. It offers a fast, clean and energy-efficient train turnaround. We trust this installation will raise a lot of interest in the pulp industry globally.”

    The two cranes will be fully automated when filling the 1,400-ton buffer storage twice a day and when feeding the trains. Both cranes have driver cabins with operator interface for surveillance. It will also be possible to drive the cranes manually, assisted by Konecranes smart features for positioning and safety. In addition, the crane system has an interface for personnel access control to prevent anybody entering the working area when cranes are on automatic mode.

    Furthermore, the cranes will include Konecranes TRUCONNECT® remote service, providing 24/7 access to a global network of support centers, offering expertise to help solve possible problems and reduce downtime. The cranes will have a span of 18 meters and a total lifting capacity of 32 tons payload

    In addition to the recently ordered train loading system, Konecranes will also deliver five industrial cranes to the same Metsä Group project in Äänekoski, Finland. These were ordered in June 2015 and will be used in the production line, drier, power station and debarking.
    (Konecranes Oyj)
     
    25.11.2015   Bio Pappel Increased 51% EBITDA    ( Company news )

    Company news Despite a tough business environment Bio Pappel recorded solid results showing a 51% growth in EBITDA. Bio Pappel has grown organically in recent years and increased its installed capacity with the latest technology, and in this year we conclude successfully the Scribe acquisition, whose results are included since June 5, 2015.

    Photo: Miguel Rincón Arredondo, Executive Chairman and CEO

    During the 3Q 2015 an increase of 28% in shipments was obtained, going from 306 to 390 thousand metric tons, net sales increased 60% from $3 million pesos to $4.9 million pesos. As a result of the above, the company recorded an EBITDA of $723 million pesos representing a 51% growth when compared with $478 million pesos in the 3Q 2014. EBITDA margin for the quarter reached 14.8%.

    In the accumulated results of 2015, shipments increased 15%, from 926 thousand to 1.063 million metric tons, net sales increased 32% from $9,312 to $12,285 million pesos, as a result we reached $1,868 million pesos on EBITDA, showing a 25% growth when compared against $1,499 million pesos accumulated in the same period of 2014. EBITDA margin from January to September 2015 was 15.2%.

    CAPEX from January to September 2015 recorded $327 million pesos, from which $68 million pesos were funded, in a long-term basis, by our suppliers.

    This growth in EBITDA strengthens our financial position and cash generation. Bio Pappel’s financial proforma ratios were: Leverage (Net Debt / EBITDA LTM) of 3.2 times; and Interest Coverage (EBITDA LTM / Interest LTM) of 3.4 times.
    CAPEX from January to September 2015 recorded $327 million pesos, from
    which $68 million pesos were funded, in a long-term basis, by our suppliers.

    Bio Pappel is the integrated producer of containerboard, white paper, newsprint, corrugated boxes, bond paper for copying and printing, notebooks, paper sacks and other specialties. Bio Pappel operates 30 production facilities and 13 recycled fibers collection centers in Mexico, Southern U.S. and Colombia.
    Currently, Bio Pappel employs 10,557 persons and produce approximately 2.5 million tons per year. Bio Pappel is the leader in bio-sustainability, paper recycling and 100% bio-degradable production of recyclable and recycled products in Mexico, and one of the largest in Latin America.
    We will continue with the strategy of a vertical integration and generating operational efficiencies, developing a more diversified portfolio of higher value-added products.
    (Miguel Rincón Arredondo, Executive Chairman and CEO)
    (Bio-PAPPEL Corporate Office)
     
    24.11.2015   Smurfit Kappa Orange County to acquire Sound Packaging & Corrugated Professionals     ( Company news )

    Company news Smurfit Kappa Orange County LLC, a wholly owned subsidiary of Smurfit Kappa Group plc, is pleased to announce that it has agreed to acquire Sound Packaging LLC and Corrugated Professionals LLC, a corrugated sheet and box plant located in the rapidly growing area of Phoenix, Arizona.

    The acquisition is expected to complete in the fourth quarter of 2015 subject to customary closing conditions.

    Sound is a long-established private corrugated manufacturer, and will be integrated into SKOC’s existing operating platform in the United States and the North of Mexico. This acquisition will provide SKOC with a platform to service its existing and potential customers from California to Texas, along with further integration possibilities for its containerboard mill located in Forney, Texas.

    Greg Hall, CEO of SKOC, said: “We are pleased to announce our agreement to acquire Sound Packaging and Corrugated Professionals, and look forward to welcoming their teams into Smurfit Kappa. SKOC’s enlarged packaging footprint in the US will further enhance our capacity to provide innovative, insight-led and value enhancing packaging solutions to both current and prospective customers”

    Tyler Howland, General Manager of Sound, said: "The Sound family is excited to join the experienced leadership of Smurfit Kappa as we continue growing our capabilities and services for our loyal customers and employees."
    (Smurfit Kappa Group plc)
     
    24.11.2015   Positive trend for SCA in WWF's Environmental Paper Company Index    ( Company news )

    Company news SCA has significantly improved its results in WWF’s Environmental Paper Company Index (EPCI), compared with 2013. The company improved its scores in all categories, which is a proof that SCA’s efforts to reduce its environmental impact have paid off.

    The EPCI is a tool for companies that are striving for continual improvement of their environmental performance for pulp and paper production, and want to be recognized publicly for their leadership in transparency.

    Overall, EPCI 2015 shows a positive trend towards more transparency and sustainability by the world’s more progressive pulp and paper manufacturers. The 31 voluntary participants in this year´s index together produce 15 percent of the world´s paper and board, and 15 percent of the world´s pulp.

    SCA improved its scores in all the measured categories – containerboard, graphic paper LWC, graphic paper uncoated offset, pulp, and tissue – compared with the previous index in 2013. The company achieved the following total scores (2013 results in brackets):
    -Containerboard: 81.2 percent (75.3)
    -Graphic paper LWC: 84.9 percent (79)
    -Graphic paper uncoated offset: 85.8 percent (77.1)
    -Pulp 86.9 (74.9)
    -Tissue 79.1 (72.1)

    Lina Palm, Public Affairs Director at SCA, says:
    “I’m pleased to see that our results have improved across all categories. WWF’s index gives us a good opportunity to evaluate our constant improvement measures within the environmental area, and we also get acknowledgement that our efforts produce concrete results.”

    WWF especially highlighted the following progress areas for SCA:
    -SCA increased the FSC-certified fiber input levels in containerboard and newsprint.
    -In the tissue category SCA increased FSC-certified and recycled fiber input levels, and reduced waste to landfill.

    The EPCI started in its current form in 2010. The number of participating companies has increased from 5 in 2010 to 31 in the latest index. This is the fourth time that SCA participates in EPCI.

    Emmanuelle Neyroumande, Pulp and Paper Global Manager at WWF International, says: “The pulp and paper industry has the potential to contribute to a greener economy. The EPCI 2015 signals progress in that direction, at least by the industry’s most transparent companies.”
    (SCA Svenska Cellulosa Aktiebolaget)
     
    24.11.2015   Resolute Grows Into Tissue with Acquisition of Atlas Paper    ( Company news )

    Company news Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) announced the acquisition of Atlas Paper Holdings, Inc., a leading manufacturer of at-home and away-from-home tissue products, including recycled and virgin paper grades.

    "This is a step-change acquisition that provides us with an immediate position in the multi-billion-dollar North American consumer tissue market," said Richard Garneau (photo), president and chief executive officer of Resolute Forest Products. "We're following through on our strategy toward the Resolute of the future with an acquisition that capitalizes on our unique ability to capture synergies by integrating forward our U.S. market pulp assets. This acquisition also gives us immediate tissue industry experience as we work toward bringing our Calhoun tissue project online by early 2017."

    Based in Florida, Atlas Paper manufactures branded and private label tissue products for the at-home and away-from-home markets. It offers both virgin and recycled products, covering economy, value and premium grades. Atlas Paper operates three tissue machines, with an annual production capacity of approximately 65,000 short tons; 14 converting lines in Hialeah (Miami) and Sanford (Orlando); and a paper recycling facility in Tampa. Atlas Paper employs about 360 people. It will be "business as usual" at Atlas Paper in terms of relationships and commitments to suppliers and customers.

    Resolute is uniquely positioned to generate synergies and related benefits with this acquisition, by:

    optimizing Atlas Paper's pulp supply using Resolute's strong U.S. market pulp network;
    capitalizing on excess tissue converting capacity;
    immediately integrating Atlas Paper's tissue expertise for the start-up of the Calhoun tissue project in Tennessee; and
    offering a greater range of products – economy, value and premium grades – to existing and future customers.

    Richard Garneau added: "This transaction fits nicely with our June announcement to build state-of-the-art tissue and converting facilities in Calhoun that will produce approximately 66,000 short tons (60,000 metric tons) per year of at-home, premium bath tissue and towel focused on the private label market. By integrating our U.S. pulp assets to produce high-quality products, we will compete in that market as one of only a few integrated producers, using the latest technology. With today's announcement, we enter the tissue market right away, and we do so by way of an acquisition that is synergistic and also integrative. We will benefit from the know-how and the expertise of Atlas Paper's experienced tissue manufacturing, sales and management teams, and we will have access to its customer base."

    "We are excited about becoming part of a larger, diversified company that views the tissue market as a cornerstone of its future," stated Jim Brown, president and chief executive officer of Atlas Paper Holdings, Inc. "This is a win-win: For Atlas Paper, we will benefit from pulp supply efficiencies and we will offer a wider range of products to our customers once the Calhoun tissue project is up and running. For Resolute, my team can bring the market knowledge and expertise that will help us all meet our common business objectives."

    The purchase price in the transaction, which closed today, was $156 million, including working capital. The company estimates approximately $23 million of annualized earnings before interest expense, income taxes, and depreciation and amortization, or "EBITDA," including synergies, starting in the first quarter of 2016. Resolute expects to maintain Atlas Paper's current structure, and that most employees, including management, will remain with the organization. The financial results attributable to these assets will be reported in a stand-alone "tissue" segment. The company paid for Atlas Paper with available cash, but expects to explore financing opportunities in the coming months, considering its previously-reported significant capital expenditure expectations in connection with the Calhoun tissue project.
    (Resolute Forest Products)
     
    24.11.2015   Flint Group introduces new letterpress plate with soft layer    ( Company news )

    Company news New water-washable film-based nyloprint® WF-S plate for more flexibility and improved ink transfer

    Proven quality and new advantages - Flint Group Flexographic Products, as the global supplier of nyloprint® letterpress printing plates, introduces the new letterpress plate, nyloprint® WF-S. The new plate stands for “Water-washable Film based - Soft” and replaces the nyloprint® WF-M printing plate type from November 2015.

    Compared to the previous type, the new water-washable nyloprint® WF-S film-based plate has
    an even softer plate surface for more flexible applications. Moreover, the soft surface provides improved ink transfer resulting in optimal ink lay-down, especially on rough surfaces. The nyloprint® WF-S plate is particularly suitable for special applications such as blister pack printing but also for rotary letterpress, coating units and imprinting units. Beyond that, the new letterpress plate shows all advantages of the nyloprint® WF plate range: very efficient and fast plate processing, as the reproduction is completed within 25-35 min. Additionally, it offers a wide exposure latitude combined with high intermediate depths and very good durability for long print runs.

    The nyloprint® WF-S plate is available in thicknesses of 0.70, 0.80, and 0.95 mm. A digital version of the film-based plate with all the advantages of digital processing is also available on request.
    (Flint Group Flexographic Products)
     
    24.11.2015   PAPERLINX LIMITED CHANGES NAME AND ASX CODE TO SPICERS LIMITED (SRS)    ( Company news )

    Company news At the PaperlinX Limited Annual General Meeting held on 23 October 2015, the resolution to change the Company’s legal name from PaperlinX Limited to Spicers Limited was passed.

    The new name aligns the identity of the parent company with the operating
    companies.
    As a result of the name change, the ASX ticker code will change from PPX to SRS and be effective from 17 November 2015. The corporate website address will also change to www.spicerslimited.com.au

    Future ordinary shareholder correspondence will be from Spicers Limited
    (SRS) but nothing else changes with respect to shareholdings.
    The legal name for the PaperlinX SPS Trust and its ASX ticker code (PXUPA) will remain unchanged.
    (Spicers Limited)
     
    24.11.2015   Toscotec fired up two AHEAD-1.5M tissue machines at Vinda Sichuan and Vinda Shandong Paper    ( Company news )

    Company news The two Toscotec-supplied AHEAD-1.5M ES tissue lines came on stream according to schedule at Vinda’s tissue mills in Deyang, Sichuan and Laiwu, Shandong. The tissue machines are already running at the maximum operating speed of 1,500 mpm with full satisfaction of the user for tissue quality and machine performance.

    After four years of strategic partnership, the Italian manufacturer and the Chinese producer are closely working together at six of Vinda’s production sites. “Toscotec’s solutions represent the best available technology in tissue machinery nowadays. We are particularly satisfied with their superior energy efficiency. Our Toscotec machines run with the lowest possible consumption figures and offer a crucial advantage in terms of cost-effective production.” says Mr. Dong Yi Ping, Vinda Group’s Executive Director and Chief Technology Officer.

    With a design speed of 1,700 mpm and a net web width of 3,400 mm, the two machines are equipped with Toscotec’s second generation Steel Yankee Dryer TT SYD, Toscotec’s jumbo suction press roll for improved dryness and softness and feature different energy saving solutions for Yankee hood design, with gas and steam. As a result, Vinda’s production capacity has overall increased by 60,000 t/y. Another unit identical to this one at the Shandong paper mill is scheduled for start-up in the second half of 2016. Vinda’s mill in Laiwu already hosts PM1 & 2, both supplied by Toscotec, running steadily at 1500 m/min and producing a combined capacity of 50,000 t/y.
    (Toscotec S.p.A.)
     
    23.11.2015   Commercial journey continues for DuraPulp    ( Company news )

    Company news Södra is now taking further steps to commercialise the composite material DuraPulp. A project to construct a dry-process machine has commenced, financed through a grant of EUR 2.1 million from the EU's LIFE funding programme.

    The material in DuraPulp has properties that require special handling during the moulding process. The current method is wet-moulding, but to meet customer requests, Södra is now investing in a machine that can dry-mould the material.

    "To be specific, this is a more efficient production process because it uses less water and less energy. The wet-mould method we are using today takes about two minutes, while dry-moulding takes two seconds. This technology will enable us to demonstrate products for high-volume markets, such as electronics and consumer packaging," says Urban Blomster, a business developer at Södra.

    The first stage of the project was to procure external resources for the construction of the machine, with former partner, SWT Development in Varberg, Sweden, being selected for the assignment.

    The machine is scheduled to be operational by the end of 2016.
    (Södra Cell AB)
     

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