17.11.2015 IKEA AWARDS BURGO WITH THE TULIP AWARD
IKEA, the DIY furniture giant, awarded the prestigious Tulip Award 2015 to the Burgo Group this year. Award confirms Burgo’s outstanding performance in the field of environmental sustainability and safety. An important recognition, obtained thanks to the success of the unannounced audit conducted at the paper mill in Verzuolo (Cuneo).
Picture: Carlotta Priola (Sustainability Manager Burgo Group) and Raffaele Marinucci (Genral Manager Verzuolo mill) holding the IKEA Tulip Award and Certificate.
Burgo Group is among the suppliers of the paper used to print the popular IKEA catalogue, paper that is produced in Italy at the factories in Verzuolo, Villorba, Duino and Sora, and in Belgium by Burgo Ardennes.
Burgo Group is one of the leading European manufacturers of graphic and special paper, and adopts a responsible approach in its manufacturing strategies. For this reason, it is actively committed to implementing Quality, Environmental and Health & Safety Polices, and its achievements have led it to obtain important recognition for its products and manufacturing processes. In fact, Burgo is certified with ISO 9001:2008, ISO 14001:2004, EMAS, FSC®, PEFC™ and Ecolabel.
(Burgo Group spa)
17.11.2015 Solenis Announces Global Price Increase on Process Chemicals
Solenis, a leading global producer of specialty chemicals, announced a global price increase effective immediately, or as contracts allow. A 2-4% increase will occur on select process chemicals and containers. Higher increases can be expected in countries where there has been significant local currency devaluation.
“Escalating costs associated with labor, transportation, containers, and increased product and ingredient regulatory registration requirements make these increases necessary. We will continue to work in partnership with our customers to help mitigate these increases,” said Charles Robinson, senior vice president, Pulp & Paper. “Solenis continues to invest heavily in R&D and our manufacturing footprint to allow us to provide industry-leading product support and value to our pulp and paper customers.”
17.11.2015 Catalyst reports strong Q3 results
Catalyst Paper (TSX:CYT) reported significantly improved third quarter 2015 results after investing in capital expenditures in the first half of the year to strengthen its North American operating platform and create a solid foundation for delivering sustainable improved financial results.
Adjusted earnings before tax, depreciation and amortization (EBITDA) in the third quarter was $38.8 million and adjusted EBITDA before specific items was $39.4 million compared to adjusted EBITDA of negative $19.2 million and adjusted EBITDA before specific items of $9.7 million in the second quarter of 2015.
In the third quarter, the company recorded a net loss of $12.9 million (primarily due to a foreign exchange loss on the translation of U.S. denominated debt) and net earnings of $6.6 million before specific items. This compares to a net loss of $32.4 million and a net loss of $13.8 million before specific items in the second quarter. Free cash flow generated in the third quarter was $23.4 million and the liquidity available at the end of the third quarter was $86.2 million.
“We are pleased with the progress we made in the third quarter,” said Joe Nemeth (photo), President & Chief Executive Officer. “We believe our results are a concrete step towards delivering positive, sustainable earnings levels.”
Our U.S. operations had the largest step change in performance improvement. Results were achieved through a combination of product mix changes, cost control and productivity improvements. The indefinite curtailment of paper machine No. 12 at the Rumford mill permitted the optimization of manufacturing capabilities, while effectively balancing production with customer demand.
Our Canadian operations continued to demonstrate improved performance resulting from our specific focus on productivity and cost control. The Powell River mill, which launched a formal revitalization initiative at the end of 2014, led the Canadian operations in performance improvements by implementing staff, system and process changes that have resulted in substantive cost savings. Learnings are being shared across the company as all mills implement formal revitalization initiatives based on the successful Powell River template.
Our third quarter results benefited from lower than average planned maintenance and capital spending of $2.9 million.
In October, Catalyst commissioned its new turbine generator project at Powell River following months of planning, construction and testing. The project identified as G13 refers to the installation of a turbine that uses medium pressure steam to generate electricity. With the completion of G13, Catalyst will reduce its annual energy costs by approximately $4.7 million, thereby mitigating the pressure of escalating electricity rates in British Columbia.
During the third quarter, we increased sales and shipments despite challenging market conditions across all paper segments. We successfully implemented a number of product mix improvements including the launch of an expanded Oxford C1S product offering and new coated freesheet web products. We also strengthened our sales capacity by recruiting additional experienced talent primarily focused on promoting our coated freesheet products in the commercial print sector.
Several new non-printing and writing grades were commercialized in the third quarter. We also have a number of additional new products in development.
As we reported on October 14, 2015, the U.S. Department of Commerce imposed an “all others” countervailing duty of 18.85% on supercalendered paper produced by our company in Canada and exported into the U.S. Based on our current sales mix, the duty will be imposed on approximately 4% of total sales. This rate is based on the weighted average of the final rates assigned by the Department of Commerce to each of Port Hawkesbury and Resolute Forest Products. We are disappointed with this decision and once the Department of Commerce issues its Final Order in December 2015, we intend to request an expedited review pursuant to which our company would be examined individually.
We believe our fourth quarter performance will contribute positively to second half 2015 EBITDA. We anticipate, however, that results will be negatively impacted by greater maintenance spending and the imposition of countervailing duties on exports to the U.S. of supercalendered paper. These challenges will be partially offset by a continued focus on product mix optimization, productivity and cost control, as well as increasing energy self-sufficiency at two of our mills.
(Catalyst Paper Corporation)
17.11.2015 New corporate name after change in ownership – Neenah Lahnstein becomes LAHNPAPER
Following a change in ownership, Neenah Lahnstein GmbH moves forward under a new corporate name and an updated brand visual. With immediate effect, the Lahnstein, Germany based specialist for high-quality papers and non-wovens will work its markets as Lahnpaper GmbH, the management
board announced on Tuesday.
Prior to the re-naming, Kajo Neukirchen Group in Eschborn near Frankfurt, Germany had closed its acquisition of the firm. Its previous owner, U.S. based Neenah Paper Inc. has sold all of its stake to the German holding company.
LAHNPAPER CEO Director Detlef Stoltefaut said: „Our new brand represents a modern and innovative company in the paper and nonwoven industrial sector. It is also a commitment to provide our clients with high-quality products made in Germany from our Lahnstein home base. “
Both management and new owner shared their intention to focus Lahnpaper GmbH on high-end and innovative solutions for its markets, Mr. Stoltefaut added. Representatives of Kajo Neukirchen Group came out to Lahnstein on Tuesday to meet with the company’s full staff.
As Lahnpaper is not part of Neenah Paper Group anymore, the company will gain in independence and flexibility.
Lahnpaper will resume responsibility for its finance functions, among others. As part of this move, Mr. Till Rubahn serves as Chief Financial Officer and member of the management board, effective November 1.
17.11.2015 Valmet started up new coaters at Mayr-Melnhof Kolicevo board machine in Slovenia
Valmet has successfully started up new coating technology, featuring multilayer curtain coating, at Mayr-Melnhof Kolicevo board machine 3 (BM 3) in Slovenia. Valmet's delivery included a new OptiCoat Layer curtain coater with supply system and a new OptiCoat blade coater.
Compared to other curtain coating solutions OptiCoat Layer is compact in size and straightforward to install. This enables lower investment cost and shorter shut-down time. The start-up was very smooth, thanks to the pre-assembly and pre-testing. This and the good cooperation between Valmet and experienced Kolicevo mill resulted in high-quality production right after the start-up.
"The assembly was finished on time and the start-up was done by just pushing the button. We are happy that the high targets set for this project have been met. The cooperation with Valmet was very good, on an open base during the whole project and startup phase, preventing all possible disturbances, before they even could occur," says Technical Mill Manager Rado Kunavar from Mayr-Melnhof Kolicevo.
Benefits with curtain coating
Mayr-Melnhof has been using curtain coaters from different suppliers for several years. Due to the compact design of Valmet's coater, the coating trials performed in Järvenpää and the good cooperation during the sales phase, they decided to choose Valmet this time. The selected coating concept including the 2-layer curtain coating makes it possible to reduce coat weight resulting in cost savings.
OptiCoat Layer uses slide dye curtain coating, which enables versatile use of coating color substances and layer thicknesses. The method also provides flawless coating coverage. The supply system includes the necessary degassing equipment. Effective degassing is essential in curtain coating since even the smallest air bubbles affect the stability of the curtain.
"2-layer coating has been tested with dry edges, and equipment works as expected. It has proven to be very good that we chose the degassing system from Valmet. We are very pleased with it," says Production Manager Aljaz Hafner at Mayr-Melnhof Kolicevo.
17.11.2015 Environment and Energy Award for Workington Mill
Iggesund Paperboard’s commitment to continuous improvement and sustainability was recognized last night when we received the Environmental and Energy Awareness Award at the CN Group Business Awards.
Caption: The biomass boiler at the Workington Mill started up in 2013 and was an investment of £ 108 Million. The reduction of fossil carbon dioxide emissions was equal to taking 65 000 cars off the road.
The judges picked out Iggesund as winners having understood the scale of the contribution to the reduction in fossil fuel CO2 emissions resulting from the investment in the Biofuel CHP plant.
Moreover, it was also acknowledged that Iggesund had shown a broad commitment to improving the impact on the environment through a dedicated and structured approach to maximizing its process efficiencies within the wider Pulpmill, Boardmachine and Finishing operations over the years as well as minimizing its process wastes.
This is being exemplified by the ongoing work preparing for certification under the Energy Management Standard ISO 50001 to complement the existing Environmental Management Standard 14001.
The presentation evening was held at the Racecourse at Carlisle with around 250 representatives of the counties business community in attendance.
Marie Whitehead, director of CN Events, chaired the judging panel. She said: "Once again the task of judging has been both rewarding and challenging as the quality of entries rises each year. It is highly encouraging to see so many businesses investing in their products, their staff and their premises to make sure the business offer in Cumbria remains strong and vibrant."
“We can be very proud of the award and what it recognizes in Iggesund Paperboard. It is a reminder that we have achieved an enormous amount already in recent years. We still have some exciting developments ahead in this area and through people continuing to engage with identifying and proposing ideas and opportunities for our future energy and environmental improvements we will be able to maintain this progress into the future”, comments Jonny Lowe, head of HR at Iggesund Paperboard’s Workington Mill.
(Iggesund Paperboard Ltd)
17.11.2015 LEIPA Georg Leinfelder GmbH and UPM GmbH have signed a Memorandum of ...
... Understanding for the sale of UPM Schwedt mill to LEIPA.
LEIPA plans to place the order for the rebuilt of UPM’s newsprint paper machine into a white top testliner machine immediately after the transaction’s closing. The planned production capacity after the reconstruction will be approx. 450,000 tons of liner annually. In addition to the already existing production facility, LEIPA will offer to its clients around 700.000 tons of white top and white coated testliner. By means of this production expansion LEIPA will underline its current leading position as benchmark producer in the growing segment of white liner products.
LEIPA intends to continue all employment relations with the current employees of UPM Schwedt mill. Subject to due diligence the change of the ownership could happen in Q1 2016.
16.11.2015 marks-3zet celebrated its most successful Label Expo ever
Marks-3zet GmbH & Co. KG (Muelheim/Germany), the world's largest service and plate provider for waterless offset, celebrated its most successful Label Expo ever: More than 1.200 visitors on the marks-3zet booth discussed waterless printing for narrow web applications.
„We were very happy to see new players with our technology, especially KBA MePrint, Miyakoshi and Iwasaki Tekko offering waterless or DryDots Technology for label printers“ Mr. Carmelo Roberto, Head of Marketing and Sales at marks-3zet, said.
On the show marks-3zet presented its new prepress line, chemistry free processors and their line of Toray plates as well as inks (Classic Colours and Toka) for paper and films. „Printing without water is simplifying the printing process. For short runs it’s the most economic alternative – and it’s easy to train employees to run the press and the prepress“, Carmelo Roberto explains.
(marks-3zet GmbH & Co. KG)
16.11.2015 Successful startup: Voith retrofits Braviken PM 53 to produce new paper grades
Voith has upgraded and successfully commissioned the paper machine PM 53 at Holmen Paper in Braviken, Sweden. The PM 53 can now produce various paper grades ranging from newsprint to sophisticated SC papers, including the recently developed Holmen UNIQ SC paper. This paper grade in the basis weight range 43 – 50 g/m2 is suitable for magazines, catalogs and advertising supplements.
As part of the three-week upgrade, Voith replaced the former EcoSoft calenders with a Janus MK 2 calender (photo). The special design of this calender, featuring a 45° incline of the roll stack, meant that the existing Nipco rolls could be reused while achieving a 40 percent higher line load. The MasterReel reel winder was relocated for reasons of space and fitted with a LunaReel rubber roll cover, a minor adjustment that was necessary to be able to produce the higher-quality paper grades.
The special machine concept of the Janus MK 2 calenders allowed the upgrade to be carried out quickly and efficiently. There was no need for major structural work in the building, as the new calender could be placed on the existing paper machine foundations thanks to the 45° incline of the roll stack, putting it on the same level as the paper machine. The inclined stack configuration also provides furtherbenefits like reduced susceptibility to vibrations, shorter roll change times and very good access.
Holmen Paper was happy with the cooperation with Voith and the paper quality as Production Manager Jenny Melander confirms: “The paper was already of a very good quality directly after startup.” The rebuild allows Holmen Paper to enhance its flexibility, because the PM 53 can switch the calender between single, double or multi-nip operating modes at any time without interrupting production, enabling it to produce paper qualities ranging from matt to glossy and from low to high density.
(Voith Paper GmbH & Co KG)
16.11.2015 WWF recognises further improvements in UPM's environmental performance
UPM continues improving the environmental performance of its graphic and newspaper and chemical pulp production. According to the Environmental Paper Company Index (EPCI) of The World Wide Fund for Nature (WWF), UPM's performance improved yet again year on year.
Published biannually, this Index promotes transparency and continuous improvement of the environmental performance of paper and pulp manufacturing companies. In the Index, WWF invites 80 sector leaders and evaluates their environmental policies and targets, as well as their environmental performance with regard to overall production of news, graphic, packaging and tissue papers and pulp. According to WWF, UPM has improved its performance in many ways. The company has, for example, increased the use of recycled paper and FSC certified wood in its fibre sourcing, and reduced waste to landfill in graphic paper production.
"In global business, all players should be evaluated against fair and balanced criteria," says Päivi Rissanen, Director, Environment and Responsibility.
"We participate in the WWF's EPCI every time, which is a good example of our transparency, and we are glad that our way of operating has received positive recognition. The index is a good addition to our already wide range of transparent reporting processes. We disclose mill-specific environmental information in the EMAS statements for our pulp and paper mills in Europe, China and Uruguay. On top of that, we give specific information about our products in our Paper and Pulp Profiles, available on UPM Certificate Finder," Rissanen says.
16.11.2015 MoveRoll Braking Pad - our newest product development
Innovation in paper roll handling is MoveRoll's core business. Thanks to cooperation with Nordic paper mills,we have successfully developed products, such as MoveRoll Conveyor, MoveRoll Zero Energy Receiver, and MoveRoll Kicker, that make roll handling easier than ever before.
The latest MoveRoll product development is called Braking Pad. Whether after the winder or on other rolling decks, before and after conveyors – MoveRoll Braking Pad can slow down the speed of rolls or stop them completely. Alternatively, the Braking Pad can reduce the settling time of rolls and to decrease roll movement such as seesawing or swaying. MoveRoll Braking Pad consists of thin cushions that guarantee gentle handling and do not leave marks on the rolls. Its light weight and smart design make the installation very easy: Operators can put the Braking Pad to the desired location – e.g. before or after the conveyor – and the Braking Pad stays in place without that fixation or attachment are needed.
The braking occurs when paper rolls roll onto the Braking Pad: The soft material exhausts air when the roll weight squeezes the cushions which causes the rolls to slow down. Stopping of rolls can be achieved by the front pad causing counter pressure. Major benefits that can be gained by using MoveRoll Braking Pad are, for example, increased safety on rolling decks, efficient yet gentle braking power and reduction of undesired roll movement, easy and fast installation.
16.11.2015 Ricoh Launches Software Solutions For Maximising Production
Ricoh announced the launch of a portfolio of software products, including Ricoh TotalFlow® Prep 4.0, TotalFlow® PrintManager 4.0, TotalFlow® Production Manager 4.0 and TotalFlow® Path 4.0, to deliver enhanced productivity for production printing operations. Part of the TotalFlow software suite, these solutions have been designed to streamline job workflow, minimise errors and maximise productivity. This enhanced range of solutions is available from November 2015 in EMEA.
TotalFlow Prep 4.0, with a redesigned user interface, offers fast, efficient document preparation with intuitive access to capabilities such as imposition, tabs and finishing. Ideal for small to mid-sized print service providers, it enables operators to create documents, edit and impose via a simplified, easy-to-use graphical interface. TotalFlow Prep can operate independently or integrate seamlessly with other TotalFlow production management solutions such as Print Manager and Production Manager.
TotalFlow Print Manager 4.0 and TotalFlow Production Manager 4.0 provide powerful, centralised management for digital production print operations. They can automatically schedule and route jobs based on printer capabilities, media type and current workload. Using dynamic media catalogue discovery and device synchronisation, media changes are minimised to help drive productivity and cut overall costs and errors, as well as reducing downtime since jobs get to print faster and spend less time in the job queue.
Production Manager 4.0 adds advanced capabilities such as transforms from Postscript or PCL to PDF, printer pooling and an embedded pre-flight function provided by Enfocus Pitstop®.
TotalFlow Path 4.0, built on an open workflow platform, is an easy-to-use, affordable workflow automation software that streamlines the cut sheet production print workflow. It intelligently connects software programmes and business applications like web to print and Management Information Systems (MIS), enabling them to communicate with each other during the production process. Using rules-based automation, and a drag and drop interface, clients create and customise linear workflows to meet specific job requirements. TotalFlow Path reduces common errors and speeds up turnaround times by minimising human touch points.
Version 4.0 brings new extensions for EFI Digital Storefront, Ultimate Impostrip, for advanced imposition, and support for the latest continuous feed and cut sheet devices.
“These software solutions will help operations work better, faster and smarter,” states Graham Moore, Business Development Director, RicohEurope. “With print operationsrequired to produce increasing numbers of fast turnaround jobs, in a range of run lengths andusing varying print technologies, ensuring that the workflow remains uninterrupted and error-free is essential to profitability. These solutions seamlessly manage day-to-day issues automatically, efficiently and with as few human touch points as possible.”
With Ricoh TotalFlow Prep, TotalFlow Print Manager, TotalFlow Production Manager and TotalFlow Path, service providers can:
· Accurately take files frommultiple sources, or in multiple formats, and create a print-ready PDF files.
· Preview files for accuracy as adjustments are made.
· Choose media, finishing options, printers and more.
· Use a preset for frequently used tasks so they’re performed automatically, and consistently, every time.
· Perform simple PDF edits, including logo replacement, text insertion, sizing and rotation at any time while the preview function ensures changes look exactly how they should, before printing.
· Manage print jobs such as scheduling, error recovery, printer status check
· Build of an automated workflow through a highly intuitive drag and drop user interface
· Enable file format conversion from PCL/PostScript to PDF, printer pooling and optional colour management and preflight integration
· Integrate disparate applications into an end-to-end workflow to address workflow automation.
A client collaboration programme was crucial in developing this robust array of benefits.
Moore explains, “Extensive customer input was instrumental in the creation of these solutions, which is why we are so confident that they will address many of today’s production challenges. We built what our customers told us they needed. Through effective collaboration, we have been able to design an outstanding product suite. Among the customer-requested developments were an improved user interface, more intuitive operations and ease of use – all of which we have delivered in these solutions.”
(Ricoh Europe PLC)
16.11.2015 The Change of Business Name to Plc Uutechnic Group Oyj Comes into Effect
Based on the resolution of the Extraordinary General Meeting on 30 October 2015, the change of Vaahto Group Plc Oyj’s (Business ID: 0520181-3) business name was entered into the Trade Register on Friday 6 November 2015. Also the other decisions made by Extraordinary General Meeting above are entered into Trade Register at the same day.
The Company’s new business name is Plc Uutechnic Group Oyj. The Company will continue to be listed on Nasdaq Helsinki with its new name. Uutechnic Group’s new trading code in the stock exchange will be UUTEC. Changes are estimated to enter into force in stock exchange on November 11, 2015. The amendments do not require any actions from the shareholders. The Company's website address will be www.uutechnicgroup.fi.
(Plc Uutechnic Group Oyj)
Integrated production as woodworking moves toward Industry 4.0
Premiere: Deutsche Messe and German Woodworking Machinery Manufacturers’ Association organize international conference in non-LIGNA year
The first-ever LIGNA Conference will make its debut at the Hannover Exhibition Center’s Robotation Academy from 3 to 4 May 2016 – one year out from the next LIGNA fair. The conference theme will be “Integrated production in woodworking – the way towards Industry 4.0,” and the event is being organized by Deutsche Messe and the German Woodworking Machinery Manufacturers’ Association. The conference is specifically targeted at decision makers from the woodworking trades and the furniture, building products, interior finishing and timber construction sectors.
Integrated production, which was also the keynote theme of this year’s LIGNA trade fair, has proven to be a major talking point among exhibitors, visitors and the media. “LIGNA reflects and continually adapts to the defining trends in the global market. Our focus on meeting the needs of our target groups and highlighting the key challenges facing the industry has made LIGNA the world’s leading trade show for plant, machines and tools for the woodworking and wood processing industries. The Industry 4.0 theme we chose for this year’s show resonated very strongly among all the stakeholders, and this encouraged us to launch this new conference for the non-LIGNA years,” explained Christian Pfeiffer, the Director in charge of LIGNA at Deutsche Messe.
The two-day conference will explore the intelligent integration of production and logistics processes and the practical benefits of Industry 4.0 technologies for users of woodworking machines. It will also feature real-life case studies that illustrate the wider benefits to the timber and furniture industries of integrated production systems – the ability to manufacture customized products at competitive prices, for instance.
Digitalization not only impacts companies’ production processes, it can also profoundly change their long-term strategies. That’s why next year’s conference will also take an in-depth look at future business models. In addition, at a range of exhibits at the conference venue, attendees will be able to discuss their individual situation with integrated manufacturing experts. Detailed information on speakers, topics and how to register will be available at the start of next year.
(Deutsche Messe AG)
13.11.2015 Valmet brings its expertise to a Finnish innovation program aiming at energy system flexibility
Valmet brings its process control expertise to the FLEXe (Flexible Energy Systems) program coordinated by CLIC Innovation, a new open innovation cluster in Finland. The program creates novel technological and business concepts that enhance the transition from current energy systems towards sustainable systems that combine smartness, flexibility, environmental performance and economic success.
Photo: According to Maria Nurmoranta, Development Manager, Power Automation Development, Valmet's focus in the FLEXe (Flexible Energy Systems) program is on studies related to the optimal operation and control strategies of power plants in a new flexible operating environment.
There are 17 companies and 10 research institutions or universities participating in the program. The participants cover a broad spectrum of competences and the whole value chain in the energy system.
"Valmet's focus is on studies related to the optimal operation and control strategies of power plants in a new flexible operating environment. We assess current plant flexibility capabilities and limitations by means of advanced controls," says Maria Nurmoranta, Power Automation Development Manager from Valmet.
Additionally, Valmet studies the control potential and restrictions of the district heating networks as part of the future energy system. "Combined heat and power plants are an important link between the heat networks and the electricity grid. System level flexibility can be increased by developing plant level and heat network control solutions to work seamlessly," Nurmoranta adds.
The FLEXe program started on January 1, 2015 and will end on April 30, 2016.
13.11.2015 Membrane filtration with built-in advantages
A wide range of different membrane filtration equipment ensures that the best possible solution is available for each particular application.
The advantages of these solutions include:
Lower overall production costs
Membrane filtration systems are often less expensive than many other alternative technologies.
Especially the Alfa Laval PP spiral membranes that are more compact, thus a larger filtration area giving you a better performance and the possibility to produce a wider product range. These membranes give you sustainable benefits like reduction of water and chemical use as well as longer service life, meaning less maintenance and less downtime.
High end product quality
Membrane filtration is a clean technology. The separation process is carried out solely on the basis of molecular size, making the use of additives unnecessary. This results in an end product of top quality, and makes it easier to comply with the many stringent requirements from both consumers and public authorities. The Alfa Laval PP spiral membranes are even more hygienic than conventional membranes as they withstand high numbers of Cleaning-in-Place (CIP) cycles, hot cleaning temperatures and high pH levels.
Membrane filtration can be used for products with a wide range of different viscosities, including high-viscosity products that can be difficult to process. Alfa Laval membrane filtration equipment is designed on a modular basis that gives a high degree of flexibility. The design of a system can be customized to meet any process needs and is it easy to expand if production requirements increase.
...And getting the pressure right
The efficiency of membrane filtration systems depends heavily on the reliable, uninterrupted application of consistent pressure. Hygienic high-pressure pumps make the feed stream flow across the surface of the membrane and through its microscopic pores at a consistent rate, boosting both reliability and efficiency. You benefit from efficient logistics, from all the components dovetailing perfectly, and the advantages of purchasing the full spectrum of sanitary equipment and fittings from one single expert source.
(Alfa Laval Kolding A/S)
13.11.2015 Xerium Reports Third Quarter 2015 Financial Results
Q3 2015 Highlights:
-Adjusted EBITDA was $28.3 million or 24% of sales representing a 130 basis point YOY improvement. TTM Adjusted EBITDA increased to $111.9 million or 23% of sales representing a 240 basis point YOY improvement. Gross margins were 41% and improved YOY for the 12th consecutive quarter.
-Sales repositioning program remains on track. 2 new plants, 8 expanded plants, and 39 new products.
-We anticipate the current commodity grade production decline environment to continue into Q4, now expect full year 2015 Adjusted EBITDA to be approximately $110 million.
-We continue to reposition operational profile with closures of our Warwick, Canada and Middletown, VA facilities.
-We remain on track for a ~$30 million YOY free cash flow improvement, and it is expected to accelerate.
-We completed the refinancing of our existing ABL facility – the new facility provides more flexible terms at a lower overall cost of borrowing.
Xerium Technologies, Inc. (NYSE:XRM), a leading global provider of industrial consumable products and services, announced its Q3 2015 results.
Net sales for Q3 2015 were $118 million, a decrease of $(9.9) million, or (7.1)% compared to Q3 2014, on a constant currency basis, driven by the decline in sales to commodity grade paper producers, particularly in North America. These decreases were partially offset by increases in rolls sales outside of North America. See "Non-GAAP Financial Measures" and "Segment Information" below.
Q3 2015 gross profit was $48.3 million, or 41% of net sales, excluding one-time start-up costs of a new machine clothing plant in China; a new rolls plant in Turkey; and plant closure costs.
SG&A expenses were $32.1 million, or 27.3% of net sales in Q3 2015, a decline versus Q3 2014 expenses of $34.2 million, or 24.6% of net sales.
Adjusted EBITDA was $28.3 in Q3 2015, sequentially flat to Q2 2015. Q3 2015 TTM Adjusted EBITDA was $111.9 million, an increase of $1.2 million over Q3 2014 TTM Adjusted EBITDA.
Q3 2015 basic earnings per share were $0.06 per share versus a loss per share of $(1.32) in Q3 2014. Excluding the non-recurring items and foreign currency gains, basic adjusted earnings per share were $0.30 in Q3 2015, compared to $0.43 in Q3 2014 as a result of lower sales volumes and gross margins, partially offset by favorable currency effects and improved SG&A. See "Basic Adjusted Earnings Per Share" below.
"Commodity grade paper production declined strongly in Q3, particularly in North America due in part to the strong dollar. Xerium is exposed to this set of market dynamics and it is a key reason for its multi-year 10 project sales repositioning program. This program remains on track with 8 of the 10 projects completed and the majority of the spending completed." said Harold Bevis, President and CEO of Xerium Technologies, Inc. “Our largest sales growth projects are both on line now – new machine clothing plant in China to pursue Asian board, packaging and tissue; and a new rolls plant in Turkey to pursue board, packaging and tissue in that region.
In October 2015, we announced the closure of a rolls plant in North America in order to initiate our 11th sales repositioning project. We will move that equipment into a new rolls plant in a new geography focused on the growing pulp market. These initiatives are part of our firm commitment to move Xerium into growing grades and geographies. This will increase our earnings potential.
Winning new business for this new capacity is paramount and is based upon technical performance on our customer’s machines. Xerium has developed 39 new products and created over 150 new patents in this endeavor. The sales repositioning programs will be a main driver of our ongoing success. At the same time, we are repositioning the company’s cost structure. As a result, the company has systematically improved its gross margin rates and EBITDA rates.
8 of the first 10 sales repositioning projects have been completed and the other 2 projects will be completed in Q4. The majority of the spending on these projects has been completed as well. Free cash flow is expected to improve ~$30 million year-over-year and this progress will continue into 2016."
We expect currency market dynamics and currency exchange rates to remain the same in Q4 2015. Consequently, adjusted EBITDA is now expected to be approximately $110 million for 2015. This is confirmation of the importance of the company’s repositioning program. The economic payback of these investments will become increasingly apparent as we move forward. Furthermore, with the most significant capital investments behind us, we will improve the company’s free cash flow as we go forward.
(Xerium Technologies Inc.)
13.11.2015 Wausau Paper Reports Third-Quarter 2015 Results
Wausau Paper (NYSE:WPP) announced financial and operating results for the three- and nine-month periods ended September 30, 2015.
-Third-quarter adjusted EBITDA from continuing operations in 2015 was $16.9 million compared with adjusted EBITDA of $13.8 million in 2014.
-On a reported basis, net earnings from continuing operations were $1.7 million, or $0.03 per share, in the third quarter of 2015 compared with a prior-year third-quarter net loss from continuing operations of $9.2 million, or $0.18 per share.
Case Volume Growth
-Third-quarter case shipment volume increased 1.6 percent in 2015 compared with the same period in 2014 and represented an all-time shipment record for any quarter.
-Strategic product shipments – those products sold in conjunction with proprietary dispensing systems or produced from premium substrates – comprised slightly more than 50 percent of third-quarter 2015 sales, a more than 1 percentage point increase over the strategic product component of shipment mix in the prior-year quarterly period.
-The improved margin of both strategic and support products shipped in 2015 contributed to a 3.3 percentage point improvement in adjusted EBITDA margin of 17.7 percent as compared with 14.4 percent for the third quarter of 2014.
Michael C. Burandt (photo), CEO, commented, “Our quarterly results continue to reflect the above-market demand growth of our premium product lines, as the positive market response to these differentiated products continues to drive mix enhancement and higher margins. We remain very pleased with the systematic improvement being driven throughout our business as a result of our Margin Enhancement Initiative (“MEI”). During the year, we have eliminated 73 SKU’s from our product offering and have realized continuous improvement in our manufacturing, converting and distribution operations. Combined, these efforts, as well as others, have resulted in a third quarter gross profit margin of 19.9 percent, a nearly 4 percentage point improvement over the prior year’s gross profit margin.”
Mr. Burandt added, “In mid-October, we announced to all stakeholders our Board’s acceptance of the offer by SCA Americas, Inc. to acquire Wausau Paper. This transaction is a testament to our talented employees and the strong, focused company they have helped to create. Further, our customers will benefit from expanded products and services that the combined company will provide.”
Outlook for remainder of 2015
Commenting on the balance of 2015, Mr. Burandt, said, “Our teams remain focused on delivering the significant performance benefits we have realized from MEI through the first nine months of 2015. Further benefit from these activities along with the market’s continuing favorable response to our premium products and the resulting strategic mix and adjusted EBITDA margin improvement is expected. While not reflecting the impact of potential fourth-quarter costs we’ll incur with respect to the transaction, full-year adjusted EBITDA guidance laid forth earlier this year of $60 to $63 million, continues to express our expectations of the underlying business.”
(Wausau Paper Towel & Tissue Products Corporate Office)
13.11.2015 Appvion Introduces kaBoom!™ Colored Papers
Appvion, Inc. has introduced a new brand name, new colors, and new basis weights to its
line of colored papers.
kaBoom!™ Colored Papers by Appvion are designed to add value for printers, converters, distributors, merchants and their customers. They are well-suited for applications including menus, posters, direct mail, brochures, flyers, arts and crafts and business communications.
“kaBoom! Colored Papers by Appvion are dyed, not tinted, for rich and uniform color, superb printability and outstanding performance,” said Ethan Haas, Appvion’s vice president and general manager of carbonless and specialty papers. He added, “With our fully integrated pulp and specialty paper mill, we control the entire supply chain process. As a result, we can maintain product quality, provide timely service and ensure product supply.”
For printers and converters, kaBoom! offers a wide variety of brilliant colors such as storm’n orange, yowza yellow, gripping green, electric blue and firecracker red, a range of basis weights, and physical properties that provide excellent performance on offset, laser and desktop inkjet printers.
The paper’s durability, stiffness and bulk ensure outstanding performance on post-processing and inserting equipment. Distributors and merchants will be pleased with a service package that ensures availability with shorter lead times and lower minimums.
For end users, kaBoom! delivers proven increases in direct mail response and document readership.
The kaBoom! portfolio includes bond, multi-use, and tag and ledger products available in weights from 12 lb. bond to 125 lb. tag. All are available in a powerful palette that includes vivid colors and gentle pastels. kaBoom! products are available in sheets and rolls from merchants, distributors, printers and converters.
kaBoom! Colored Papers by Appvion are made in the U.S.A. at Appvion’s fully integrated specialty paper millin Roaring Spring, Pa.
The papers are acid free, elemental chlorine free (ECF), and manufactured under ISO 14001:2004-certified environmental management systems. FSC® Certified (FSC-C003368) or FSC Certified (FSC-C012633) products are available as are options with up to 50% alternative fiber (post-consumer or post-agricultural waste).
kaBoom! is available in low minimum order quantities and in custom roll widths and sheet sizes.
Appvion will work with customers to develop colored paper products that have custom colors and basis weights.
The company ensures timely delivery via its network of strategically located distribution centers, and kaBoom! is backed by Appvion’s 100% satisfaction guarantee.
During 6th -7th October 2015 the Bellmer Paper Days took place in the Ameliussaal, Niefern. Under the motto of "Modernisation of Production Plants" around 150 participants from 18 countries, such as Chile, India, Vietnam, Finland, Denmark or Russia, met to exchange information about technical new developments to upgrade their production processes. The topics ranged from optimized formation, gentle press concepts, efficient winding technology up to energy savings through improved air technology.
High-profile speakers reported during the two-day symposium directly from the practice of current and recently completed projects. Whether large rebuilds at complete paper machines, or the installation of new key elements, or the conversion to modern steam and condensate systems - all projects presented had one in common: with innovative solutions from Bellmer quality improvements and/or substantial - edge cost savings could be realized for the specific products.
The summary of the PaperDays: paper in its full range is a great product which is abso-lutely essential. So there is an increased need of paper - for the printing of school text-books e.g. due to the rising level of education in emerging markets. In Europe or the Unit-ed States dispatch packaging are required more and more by increasing Internet orders.
The international participants agreed "Paper is Great!". As a highlight they all created this statement as a “land-art project” at the Nieferner sports ground. The individual letters were formed together with autumn leaves. It also expressed, that paper is something natural and sustainable.
(Gebr. Bellmer GmbH Maschinenfabrik)
13.11.2015 Easy engineering creates more free space for the essentials
Lenze presents a brand-new series of frequency inverters at the SPS IPC Drives and shows new interaction options for fast commissioning
Easy engineering – this is what Lenze, the specialist for Motion Centric Automation, is all about. At the SPS IPC Drives, at Stand 360 in Hall 1, visitors can experience for themselves how Lenze makes their working life easier and creates more free space for the essentials: that is to say, for creating and marketing innovative machines quickly and safely. On show at the trade fair are intelligent mechatronic systems, standardised modular software and modern intuitive concepts that will make the cooperation between people and machines easier. Also to be seen are interaction options that enable users to commission machines in record time. Lenze will be premiering its new i500 series of frequency inverters. The inverters set new standards in compact design, modularity and simplicity, while at the same time meeting the highest requirements for the efficient use of resources.
With the i500, Lenze is offering machine-builders a product for universal use anywhere in the world, a product that can be precisely tailored to meet all the machine's specific requirements for power and functions, and that also boasts a slimline design, extreme user-friendliness, and high energy efficiency.
Visitors can find out how easy it is to commission machines by trying it out for themselves: the i500 makes it possible to commission a belt conveyor in only 5 minutes – without a deep knowledge of the product or the machine. A roller conveyor that is driven by a combination of the Lenze Smart Motor and the g500 gearbox, a combination specially tailored for horizontal materials-handling technology, can be commissioned in only 3 minutes. Here, too, the handling could not be easier. And what about commissioning a robot application in just 7 minutes? Even that is possible – with the complete robotics solution from the Lenze FAST Application Software Toolbox.
When it comes to modular, standardised re-usable software modules, Lenze is a technological leader and offers a broad range of basic motion functions, such as cross cutters or winders, all from one source. The company's portfolio even includes complete modules for robotics, which ensure that the integration of the kinematics and their motion functions in the overall automation works quickly and safely. Lenze offers technology modules, for pick & place applications for example, along with the corresponding coordinate transformation. Already integrated is a powerful robotics core with six degrees of freedom. It ensures the highest degrees of freedom in the path planning by means of PLCopen Part 4, and it also makes it possible to carry out pick & place motions easily and without any knowledge of robotics, simply by means of parameter settings.
As a result of the increasing individualisation of products, increasing demands are also being made on production lines and machines. The set-up times for machines are getting shorter and shorter – and this in turn increases the demands made on the machine operator. Lenze is catering for this trend with its new user-friendly multi-touch operating system for process visualisation, which makes machine operation easy. It is a successful combination of the most up-to-date hardware, innovative software and an ergonomic operating concept – and it represents another step towards easy engineering.
13.11.2015 Papyrus finalises OSPAP acquisition
Papyrus has finalised its previously announced acquisition of Czech paper merchant OSPAP. The transaction was completed following approval from the Czech competition authority. This acquisition is a further step in enhancing Papyrus geographical footprint in Czech Republic and Eastern Europe.
“Papyrus strategy is to develop leading positions in selected European markets. This acquisition will clearly help us to achieve this objective in Czech Republic. By creating a stronger position in the region, we can improve the service and portfolio offering, and create higher efficiency for both customers and Papyrus”, says Peter Sandberg, president of Papyrus.
“I look forward to teaming up with OSPAP and tapping into their competences. This acquisition will strengthen our ability to better serve Czech customers by widening the supply chain network, adding packaging, signage and visual communication products to the portfolio and expanding our comprehensive e-business to more customers”, says Sorin Buga, vice president for South Eastern Cluster.
OSPAP, has continued to operate independently since its owner PaperlinX Netherlands Holdings B.V. was placed into administration in the Netherlands. It is a successful and well-established company with a wide customer base. The company has a leading market position in the Czech graphical media market. OSPAP has some 100 employees and net sales of EUR 49 million in 2014.
13.11.2015 Mayr-Melnhof: Results for the first three quarters of 2015 - Strong third quarter
• Increase in sales and profit in both divisions
• High capacity utilization
• Good expectations for the whole year
• Acquisition of French folding carton group completed by end of October
The Mayr-Melnhof Group was able, as expected, to continue the positive development over the course of the year with a good third quarter. Under ongoing highly competitive conditions without any sign of economic upturn, sales as well as profit increased further over the first three quarters of 2015 compared to the same period of the previous year. Both divisions, MM Karton and MM Packaging, significantly contributed to maintaining the solid profitability of the Group with high levels of capacity utilization in the plants and increased productivity. The acquisition of a leading French folding carton group in the field of packaging for pharmaceuticals and luxury goods was completed successfully at the end of October 2015 and shall thereby, as hitherto, combine organic and acquisitive growth.
Expectations for the fourth quarter and 2015 as a whole remain intact.
In November 2015, an interim dividend of EUR 1.60 per share was paid out for the financial year 2015.
DEVELOPMENT IN THE THIRD QUARTER
Strong volume dynamics and high capacity utilization of the plants characterized development of both divisions in the third quarter of this year.
At 99 % (2Q 2015: 99 %; 3Q 2014: 99 %), capacities of the cartonboard division were almost fully utilized. Average prices for cartonboard were slightly above those of the previous year’s period. The operating margin of MM Karton amounted to 9.6 % following 8.5 % in the second quarter of 2015 and 7.8 % in the third quarter of 2014.
The operating margin of MM Packaging reached 10.5 % (2Q 2015: 7.9 %; 3Q 2014: 9.0 %).
The Group's operating profit totaled EUR 58.1 million (2Q 2015: EUR 45.7 million; 3Q 2014: EUR 47.8 million), thus an operating margin of 10.6 % was achieved (2Q 2015: 8.5 %; 3Q 2014: 8.9 %).
The profit for the period amounted to EUR 41.0 million (2Q 2015: EUR 31.7 million; 3Q 2014: EUR 36.5 million).
Since the order intake from the cartonboard market is currently much more restrained, the order backlog of MM Karton has noticeably come down. Earnings performance is, however, expected to continue on a good level also in the fourth quarter of 2015 due to continuity at MM Packaging. So far, there is no sign of relief in prices for recovered paper, which significantly increased some months ago.
Current business remains focused on improvements in cost efficiency and product optimization in order to develop new market potential and maintain profitability. The expansion course shall continue through organic growth as well as acquisitions in the core business, cartonboard and folding cartons.
(Mayr-Melnhof Karton Gesellschaft m.b.H.)
12.11.2015 Flushable Wipes – Kelheim Fibres Communicates the Solution
Public awareness of the problems caused by moist cleaning wipes disposed of in the toilet is still limited, despite extensive coverage in the press during 2015.
In order to address this issue Kelheim Fibres GmbH has created a brief animated film that focuses attention on the problem of incorrect disposal of such wipes and the solution offered by the company’s Viloft® short cut cellulosic fibre.
“There is still a need to communicate the problems that can be caused by the incorrect disposal of wipes to the consumer, but also that there are solutions available which are engineered to be flushed and that Viloft® fibres made in Kelheim are part of that solution”, says Matthew North, Commercial Director at Kelheim Fibres. “Our new film communicates this message in a simple and effective way for the supply chain and for the consumer”.
Customers using Viloft® fibres to produce flushable products are invited to use the film via links on their own websites and in their promotional material.
Kelheim Fibres can provide more information about their Viloft® short cut fibres at the ITMA Trade Fair in Milan, Italy from November 12 to 19 where the film will also be available to see at their
stand A141b in hall 08.
(Kelheim Fibres GmbH)
12.11.2015 BillerudKorsnäs recognized as World Leader for Corporate Action on Climate Change
BillerudKorsnäs has been identified as a global leader for its actions and strategies in response to climate change and has been awarded a position on the Climate “A” List presented by CDP today.
BillerudKorsnäs is among 5% of the corporations participating in CDP’s climate change program to be awarded a position on the Climate “A” List. The purpose of the list is to recognize companies’ actions to mitigate climate change in the past reporting year. The list is requested by 822 investors representing more than a third of the world’s invested capital.
“2015 is an important year for our climate with the Paris conference COP21 as a milestone. In combating climate change all parts of society have to participate and we are extremely pleased that the dedicated efforts of BillerudKorsnäs now have been recognized by CDP. We have for many years been working hard on energy efficiency and on reducing our own greenhouse gas emissions. In addition to that we also see that our renewable packaging materials and solutions contribute by replacing fossil materials,” comments Henrik Essén, Senior Vice President Communication and Sustainability at BillerudKorsnäs.
BillerudKorsnäs is also recognized for transparency and awarded a position on the Nordic Climate Disclosure Leadership Index (CDLI). The reported data has been independently assessed against CDP’s scoring methodology and marked out of 100. Organizations graded within the top 10% in the region constitute the CDLI. BillerudKorsnäs has scored 99.
CDP, formerly Carbon Disclosure Project, is an international, non-profit organization providing a global system to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 822 institutional investors with assets of EUR 86 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. More than 5,500 companies disclosed environmental information through CDP in 2015.
12.11.2015 Metsä Board Corporation Interim Report 1 January–30 September 2015
Result for January–September 2015
• Sales were EUR 1,545.3 million (Q1–Q3/2014: 1509.0).
• Operating result excluding non-recurring items was EUR 144.8 million (99.6). Operating result including non-recurring items was EUR 164.9 million (109.8).
• Result before taxes excluding non-recurring items was EUR 119.8 million (68.1). Result before taxes including non-recurring items was EUR 137.7 million (76.0).
• Earnings per share excluding non-recurring items were EUR 0.27 (0.16), and earnings per share including non-recurring items were EUR 0.32 (0.18).
Result for the third quarter of 2015
• Sales were EUR 497.6 million (Q2/2015: 522.0).
• Operating result excluding non-recurring items was EUR 54.6 million (47.0). Operating result including non-recurring items was EUR 54.6 million (67.2).
• The result before taxes excluding non-recurring items was EUR 47.5 million (40.0). Result before taxes including non-recurring items was EUR 47.5 million (58.0).
• Earnings per share excluding non-recurring items were EUR 0.08 (0.10), and earnings per share including non-recurring items were EUR 0.08 (0.15).
Events in the third quarter of 2015
• Paperboard deliveries continued to grow, and the paperboard price levels were stable.
• The production of coated paper ended at the Husum mill.
• A strike stopped Metsä Board's entire production in Finland for 24 hours.
• Four carton packages using Metsä Board's paperboard received awards at the 2015 Pro Carton ECMA Awards.
Events after the period
• Metsä Board announced it would increase the price of folding boxboard in Europe starting from 1 December 2015.
• The installation of the new paperboard machine began at Husum.
• Metsä Board expands its offering in food and food service paperboards by investing EUR 38 million in extrusion coating.
• The Finnish Tax Administration gave an opinion against the deductibility of certain losses in Metsä Board's 2014 taxation. The company recognised in its Q3/2015 result around EUR 15 million in income tax, which was previously unrecognised. Metsä Board will appeal against this opinion.
• Metsä Board scored a full 100 points in the Nordic Climate Disclosure Leadership Index (CDLI). In addition, of the eight international companies included in the global Water A List concerning sustainable use of water, Metsä Board was the only European company and the only forest sector company.
Profit guidance for the fourth quarter of 2015
• Metsä Board’s operating result excluding non-recurring items in the fourth quarter of 2015 is expected to decline compared to the third quarter of 2015. The result is weakened primarily by the shutdown of the integrated mill related to Husum's investment programme.
CEO Mika Joukio (photo):
“The increased paperboard deliveries improved our profitability in the third quarter of 2015. Our result was burdened by a strike, which stopped our entire production in Finland for 24 hours. After the review period, we announced a price increase of folding boxboard in Europe, which will become effective in December.
We respond to the increasing demand for paperboard by starting production of folding boxboard at Husum. The new production will mainly be marketed to Americas, as well as for food service packaging applications globally. Our key tasks next year are to successfully start-up our new paperboard machine and growing our sales.
We are investing in product development in order to continue to offer our customers the most lightweight and high-quality paperboard in the market. We will expand our offering in the food service packaging segment to end uses which require barrier properties from paperboard due to requirements for withstanding fat and moisture. Related to this, we invested in the extrusion coating line at Husum.
The production of coated paper ended at Husum in September, and the production of uncoated fine paper sheets will be discontinued by the end of this year. The remaining production of uncoated fine paper reels will end by the end of 2017, at the latest.
I am very proud that our sustainability and high-quality products have been recognised across the field. Our inclusion in the Climate Disclosure Leadership Index (CDLI) and the recognition for sustainable use of water show that we are successful by operating responsibly. Receiving four awards in the Pro Carton ECMA Awards – and especially in the series for sustainable development – indicates that the excellence of our cartons and their ecological quality have been taken into account throughout the value chain.”
(Metsä Board Corporation)
12.11.2015 A Fresh Breeze at the Newspaper Industry: manroland web systems satisfied with WPE 2015 ...
... in Hamburg
manroland web systems and its customers have been high flyers at the World Publishing Expo (WPE) 2015 in Hamburg. The company spent the customer evening above the city roofs of the hanseatic city at the panorama roof of the Emporio. But also during the daytime at the exhibition booth of manroland web systems the atmosphere was great: the WPE as a communications platform has again been a success this year. Guests from all over the world – from Angola to the USA – held business talks with the professionals from Augsburg.
The leading topic of the industry was a future proof integration of print rooms in times of decreasing new investments. The experts from manroland web systems described their views and solutions for high volume newspaper presses as well as for digital workflows and retrofits. Everybody was particularly pleased about the signing of a long-term service contract with Kenya’s leading newspaper printer, Nation Media.
(manroland web systems GmbH)
12.11.2015 ProAmpac New Name for Merged Prolamina and Ampac Companies
Prolamina and Ampac, two recently merged global flexible packaging firms, announces its new corporate name, ProAmpac. The new name reflects the merger of two leading, progressive and innovative flexible packaging companies with enhanced product offerings unparalleled in the industry.
ProAmpac includes four brand divisions including Prolamina, Ampac, Tulsack and Business Deposits Plus. Together, the brands offer multiple innovative solutions in flexible packaging for the food, pet food and medical markets, secure packaging for cash management, loss prevention and transportation of valuables and documents, and retail paper and plastic shopping bags.
The ProAmpac name and logo mark reflects the company’s mission in providing a steadfast commitment to creative packaging solutions, industry-leading customer service and award-winning innovations to a diverse global marketplace. The icon mark shows forward thinking and progress which supports the ProAmpac mission.
ProAmpac will operate as the corporate parent company of the four brand divisions Prolamina, Ampac, Tulsack, and Business Deposits Plus. In addition, Prolamina’s Terrebonne, Quebec, Canada site location will transition to the Ampac division, as its product offerings align with the adhesive laminated rollstock and pouching served by Ampac. Visit www.proampac.com to find out more about ProAmpac and its divisions.
ProAmpac CEO, Greg Tucker, states “The ProAmpac name allows us to clearly reinforce our commitment to the flexible packaging industry while building on the momentum that our two merged companies provide. Using our core values of Integrity, Intensity, Innovation and Involvement, we can leverage the strengths of all our brand divisions, as well as our skilled teammates, for a greater global impact.”
12.11.2015 Valmet's Interim Review January 1 - September 30, 2015: Strong development in orders ...
...received in China - profitability in the targeted range in Q3/2015
July-September 2015: Orders received increased - solid performance in Automation
-Orders received increased to EUR 725 million (EUR 466 million).
-Orders received increased in the Pulp and Energy, and Paper business lines and remained at the previous year's level in the Services business line.
-Automation contributed to orders received with EUR 70 million.
-Orders received more than doubled in China.
-Net sales increased to EUR 734 million (EUR 590 million).
-Net sales increased in the Paper, and Services business lines and decreased in the Pulp and Energy business line.
-Automation contributed to net sales with EUR 66 million.
-Earnings before interest, taxes and amortization (EBITA) and non-recurring items were EUR 47 million (EUR 32 million), and the corresponding EBITA margin was 6.4 percent (5.5%).
-Profitability improved due to the higher level of net sales, improved gross profit, and the acquisition of Automation.
-Earnings per share were EUR 0.14 (EUR 0.11).
-Non-recurring items amounted to EUR -4 million (EUR -1 million).
-Cash flow provided by operating activities was EUR 16 million (EUR 117 million).
January-September 2015: EBITA more than doubled
-Orders received decreased to EUR 2,085 million (EUR 2,590 million).
-Orders received increased in the Services business line and decreased in the Pulp and Energy, and Paper business lines.
-Automation contributed to orders received with EUR 156 million.
-Orders received increased in China and North America.
-Net sales increased to EUR 2,074 million (EUR 1,697 million).
-Net sales increased in the Paper, and Services business lines and remained at the previous year's level in the Pulp and Energy business line.
-Automation contributed to net sales with EUR 134 million.
-Earnings before interest, taxes and amortization (EBITA) and non-recurring items were EUR 120 million (EUR 58 million), and the corresponding EBITA margin was 5.8 percent (3.4%).
-Profitability improved due to the higher level of net sales, improved gross profit, and the acquisition of Automation.
-Earnings per share were EUR 0.33 (EUR 0.14).
-Non-recurring items amounted to EUR -16 million (EUR -7 million), of which costs related to acquisition of Automation amounted to approximately EUR 12 million.
-Cash flow provided by operating activities was EUR 14 million (EUR 206 million).
Valmet reiterates its guidance for 2015
Valmet is reiterating its guidance presented on February 6, 2015 in which Valmet estimates that, including the acquisition of Process Automation Systems, net sales in 2015 will increase in comparison with 2014 (EUR 2,473 million) and EBITA before non-recurring items in 2015 will increase in comparison with 2014 (EUR 106 million).
General economic outlook
Global growth for 2015 is projected at 3.1 percent, 0.3 percentage point lower than in 2014, and 0.2 percentage point below the forecasts in the July 2015 World Economic Outlook (WEO) Update. Prospects across the main countries and regions remain uneven. Relative to last year, the recovery in advanced economies is expected to pick up slightly, while activity in emerging market and developing economies is projected to slow for the fifth year in a row, primarily reflecting weaker prospects for some large emerging market economies and oil-exporting countries. (International Monetary Fund, September 28, 2015)
Short-term market outlook
Valmet estimates that the short-term market outlook for board and paper has decreased to a satisfactory level (previously good level).
Valmet reiterates the good short-term market outlook for pulp, the satisfactory short-term market outlook for services, automation, and tissue, and the weak short-term market outlook for energy.
President and CEO Pasi Laine (photoo): Profitability in the targeted range for the second consecutive quarter
We have been working hard to improve our profitability and to reach our EBITA margin target. In the third quarter of 2015, we reached this target - for the second consecutive quarter. During the last four quarters, we have been in the targeted range for three quarters.
The integration of the automation business has been a success. It has now been six months since the acquisition was completed, and I still get a lot of positive feedback from both customers and employees. By combining process know-how, services and automation, we can serve our customers even better than before. As a result of the acquisition, Valmet's stability and profitability have increased. The share of stable business, meaning Automation and Services, was about half of the net sales in the third quarter.
From a geographical point of view, Valmet's orders received developed especially well in China. In the third quarter, orders received increased also in North America and EMEA (Europe, Middle-East and Africa). A balanced geographical exposure increases stability of the overall business.
Going forward, Valmet continues to develop new advanced and competitive technologies and services. Good examples of the results of our research and development process are the OptiConcept M board and paper production machine, and the Advantage NTT tissue production machine. Both machines offer customers a cost-efficient, energy-efficient and flexible way to produce high-quality products, with significant raw material savings. The machines have been well received by the markets - in total, Valmet has so far sold ten OptiConcept M machines and five Advantage NTT tissue machines.
12.11.2015 Portucel: 9M 2015 – Higher paper and pulp prices and strong EBITDA
•Sales turnover up by 5.8% to €1 204 million with improvement in paper and pulp prices
•Strong EBITDA of € 294 million, with clear improvement in margin EBITDA / Sales of 24.4%
•Net favorable impact of EUR/USD exchange rate
•Capex of € 113.1 million
•Successful start-up of second tissue machine from AMS
•Decision to invest € 120 million in new tissue capacity of 70 thousand tons /year
•First Sustainability Forum dedicated to Forest Protection and fire fighting
At the start of 2015, Portucel announced a strategic plan for a new cycle of growth, based on pursuit of three major goals:
consolidating its core business as a manufacturer of printing and writing paper and eucalyptus pulp, diversifying into production of tissue paper, and expansion projects in new markets, including construction of a pulp mill in Mozambique and a pellets factory in the US. The Group's activities over the first nine months are the reflection of the implementation of this plan and the different stages involved.
Turnover in the period stood at € 1.2 billion, up by around 5.8% from the figure recorded for the first nine months of 2014, due essentially to rising pulp and paper prices (in the context of the dollar rising against the euro) and to the inclusion of tissue business in the Group's consolidated accounts. Paper sales accounted for 74% of turnover, with power sales representing 13%, pulp 8% and tissue around 3%.
In uncoated (UWF) printing and writing paper, the European market recorded a reduction in apparent consumption of approximately 1.6% whilst the dollar rose strongly against the euro. Both these factors contributed to growth in paper exports to markets outside Europe. To take advantage of foreign exchange trends, Portucel expanded its sales to USD denominated markets, recording growth of approximately 4.1% in overseas markets. As a result, the Group's average sale price evolved positively, rising by 5% in relation to the first nine months of 2014. Sales were up by 3.6% in value, although the volume of paper sales slipped by 1.5%. The slight reduction in sales volumes was due essentially to efforts to replenish stocks, which had fallen to a very low level, and to the increase in the volume in transit to clients. Over the same period, the benchmark index in Europe, PIX A4- Copy B, dropped by 1.3%.
Bleached eucalyptus pulp (BEKP) business maintained the positive performance recorded since the start of the year, with prices significantly better than in the same period in 2014. The dollar-denominated price index performed well, with an average price of 778 USD/ton, as compared to 749 USD/ton in the same period in the previous year. Due to the foreign exchange effect, this increase translated into a sharp rise in the price in Euros, with the benchmark PIX BHKP index pointing to an average of 698 €/ton, up by 26.3% year on year. The upward trend in pulp prices resulted in an increase of 15.8% in the value of sales, despite a reduction of approximately 8.1% in the quantity sold.
The Group recorded a financial loss in the period of € 44.9 million euros, as compared with a loss of € 24.6 million recorded in the first nine months of 2014. As previously disclosed, the financial loss for the 3rd quarter includes recognition of the costs relating to partial early repayment of a bond issue (Portucel Senior Notes 5.375%). The amount repaid was € 200 million (of a total issue of € 350 million), and the price paid corresponded to the face value of the notes repaid, plus the contractual premium for early repayment, totalling approximately € 14.6 million, together with the recognition of approximately € 2.3 million referring to issue costs for this loan, not yet reflected in results at the repayment date. This repayment will allow for a significant reduction in borrowing costs, as the Group simultaneously renegotiated a bond issue for the same amount (€ 200 million), on more advantageous terms and a longer maturity. The
financial results also include the cost of foreign exchange hedges contracted for 2015 (€ 4.8 million), which more than offset the reduction in borrowing costs.
As a result, consolidated net income for the period stood at € 141.9 million, representing growth of 6.6% in relation to the first nine months of 2014.
Recent economic projections for 2015 continue to point to downwards revision of expectations for global growth, despite strong performance by the US economy and expectations of recovery in the Euro zone. The main factors of uncertainty come from emerging economies, due essentially to a slowdown in growth in China, the worsening recession in Russia and Brazil, and falling prices for the main commodities, in particular for oil. The weakness of the currencies of the main emerging economies, especially the leading exporters of raw materials, has also continued to create significant volatility on the foreign exchanges.
Despite of this uncertainty, the pulp sector remains buoyant, with prices at rewarding levels and a healthy level of demand. High levels of consumption, particularly in the Chinese market, combined with the carefully managed entry of new capacity onto the market should continue to benefit pulp manufacturers for the rest of the year, especially if the current exchange rate situation is maintained between the dollar and the euro.
The tissue paper segment continues to perform well, in particular in terms of demand, with interesting levels of growth in consumption in Europe and the emerging economies such as China, Turkey and Latin America, which should help to maintain a dynamic pulp market.
In the UWF paper market, as reported above, Portucel announced in July a further increase in its prices in Europe as from 18 September. Before the close of the quarter, Portucel, like other paper manufacturers, announced a further price increase to its customers in Europe, taking effect in early January 2016.
However, mention should be made of a number of factors which could trigger a degree of instability in the paper market in the months ahead. The impact of the anti-dumping measures initiated by the US authorities against a number of paper manufacturers (requiring these producers to apply high margins to their price when exporting to this market) will cause changes to the balance between supply and demand in a number of regions, in particular by increasing the pressure of supply in certain countries in Asia, Latin America and Europe. At the same time, falling currency values and currency controls in a number of countries in the Middle East, Africa and Latin America could also cause additional difficulties to international trade.
As previously reported, these measures adopted by the US Department of Commerce have also affected Portucel, in the form of a provisional rate of 29.53%. The Company has expressed its complete disagreement, having cooperated with the Department of Commerce throughout the 3rd quarter to provide all the information needed to support its case. Portucel is confident that it will prove that there are no grounds for applying a rate as high as that provisionally set. Until year end, the application of this provisional rate is estimated to represent a collateral deposit of approximately USD 13.3 million.
The definitive rate to substitute the provisional one will be set in January 2016.
(Portucel Empresa Produtora de Pasta e Papel SA)
12.11.2015 Sappi Limited results for the year and fourth quarter ended September 2015
Strong performance with full year earnings per share excluding special items up 55%.
Highlights for the Year
-EPS excluding special items 34 US cents (FY14 22 US cents)
-EBITDA excluding special items US$625 million (FY14 US$658 million)
-Profit for the period US$167 million ((FY14 US$135 million)
-Net debt US$1,771 million, down US$175 million year-on-year
Highlights for the Quarter
-EPS excluding special items 16 US cents (Q4 FY14 12 US cents)
-EBITDA excluding special items US$201 million (Q4 FY14 US$200 million)
-Profit for the period US$83 million (Q4 FY14 US$68 million)
Commenting on the key financial highlights of the year and fourth quarter, Sappi Chief Executive Officer Steve Binnie (photo) said:
“I am very satisfied with the strong performance by the group during the financial year. Importantly, net profit for the year increased by 24% to US$167 million and earnings per share excluding special items for the year increased by 55% from US 22 cents to US 34 cents. Operating performances improved in all regions in their underlying currencies. In particular, the group benefitted from the strong export performance of the Southern African business combined with a weaker South African Rand. In Rand terms group EBITDA excluding special items increased by approximately 8% from ZAR7 billion to ZAR7.5 billion and group net profit increased by 40% from ZAR1.4 billion to ZAR2 billion on group sales of ZAR64.5 billion for the year.
“The refinancing of higher cost debt, and the reduction in net debt by US$175 million resulted in significantly lower ongoing interest charges. The completion of major capital projects at Gratkorn, Kirkniemi and Somerset Mills will lower our cost base further in the coming years.
“For the quarter, all regions increased their profitability through stronger seasonal demand and improved markets for graphic paper and dissolving wood pulp. For the quarter, profit increased by 22% to US$83 million due to the higher operating profits and lower interest costs.
“The Specialised Cellulose business generated improved returns due to increased US Dollar spot prices for dissolving wood pulp in China; driven by improved conditions for viscose staple fibre. The weaker Rand also helped margins, lowering our cost base and improving selling prices.”
The European business achieved an increase in graphic paper sales volumes of 5% and average sales prices of 4% over the equivalent quarter last year, with particular strength in the woodfree coated segment. This was mainly due to the Euro/Dollar exchange rate on export sales pricing and the graphic paper price increases implemented in the past quarter. The speciality paper business continued to improve its sales volumes and prices compared to both the prior quarter and the equivalent quarter last year.
The North American business showed a good recovery in a seasonally stronger quarter. This is despite the continued impact of the strong US Dollar on the graphic paper markets in the US and continued weak demand from China for the release paper business. Coated paper sales volumes were flat year-on-year, with net sales prices slightly lower.
The Southern Africa business had a strong quarter and year. Average prices and volumes were higher for both the equivalent quarter last year and the prior quarter. Demand for dissolving wood pulp remained strong and sales volumes were higher in both instances. Demand for virgin packaging grades was also strong.
We expect the first quarter to show an improvement in EBITDA excluding special items and a substantial increase in earnings per share excluding special items compared to the equivalent quarter last year as a result of improved operating performance and lower interest charges. However, a severe drought is currently being experienced in many parts of South Africa and may adversely impact our mill production and consequent profitability should normal summer rainfall not be forthcoming.
Dissolving wood pulp markets have improved considerably this year as a result of higher pricing and improved operating rates for viscose staple fibre in China. Higher hardwood paper pulp prices are also impacting dissolving wood pulp supply as some swing producers continue to manufacture paper pulp rather than dissolving wood pulp.
Graphic paper markets in Europe are slightly better than anticipated, albeit they are still expected to decline. Production at our mills is full and export pricing is benefitting from a weaker Euro. However, the business faces pressure from higher pulp prices. In North America, the strong US Dollar continues to impact graphic paper trade flows negatively.
Capex during 2016 is expected to be in line with 2015 and is focused largely on energy and debottlenecking projects in South Africa together with the annual maintenance at the mills.
Depending on market conditions, we are considering utilising some of our cash reserves to repay and refinance a portion of our debt in order to lower our future interest costs. We expect to reduce our net debt further over the course of the year and reduce our financial leverage towards our target of two times net debt to EBITDA.
Based on current market conditions, and assuming current exchange rates, we believe that EBITDA excluding special items in the 2016 financial year will be higher than 2015. We also expect strong growth in our earnings per share excluding special items as a result of expected lower interest costs, offset somewhat by increased cash taxes.
11.11.2015 Successful start-up of the Toscotec delivered TM19 at the WEPA Giershagen mill in Germany
After one year of work, the new tissue line of WEPA Giershagen (Germany) has been started-up on October 27, 2015, far in advance of the schedule and only 13 months after the delivery agreement signing.
By expanding the production output of tissue paper, the WEPA will optimize the existing procurement and logistics structures in Europe, thus enhancing the competitiveness of the entire group.
Mr. Frank Folcz, Wepa Hygieneprodukte GmbH Mill Manager at Giershagen site said: “ We are very excited for this new project, the new AHEAD line will increase the site’s production of 32,000 tpy with high quality tissue. The erection of the machinery and the start-up phases were optimally performed thanks to the experienced collaboration between Toscotec and Wepa teams.”
The turn key Toscotec delivery for the new TM#19, based on the best available technology, included a stock preparation system for virgin pulp, an AHEAD-2.0S tissue machine, TM and plant auxiliaries, electrification & control systems. Full engineering, erection, erection supervision, training, start-up and commissioning completed the Toscotec’s scope of supply.
With a design speed of 2.000 mpm, the tissue machine is equipped with single layer headbox, double press configuration, TT SYD-15FT and Milltech Hood, Dust & Mist removal system.
The new line will produce, among the other grades, high-quality super-soft toilet tissue.
11.11.2015 Change in Valmet's Executive Team
Mr. Kari Saarinen (MSc., age 54, photo) has been appointed Chief Financial Officer (CFO) at Valmet as of November 15, 2015.
Kari Saarinen is currently working at Valmet as Senior Vice President, Strategy and Operational Development. In his new CFO position he continues as the member of Valmet's Executive Team and reports to the President and CEO Pasi Laine.
Mr. Markku Honkasalo, the current CFO of Valmet, has been instrumental to Valmet's creation phase which started in 2013. Since this stage is now completed, Markku Honkasalo has decided to leave Valmet at the end of November, after a thorough handover phase to his successor.
"I thank Markku for his contribution to Valmet during a very interesting and demanding time. Markku has been a great support in these first years as an independent, stock listed company", says Valmet's President and CEO Pasi Laine.
"Kari Saarinen has a strong background in finance and business controlling in large, international organizations in addition to his expertise in the field of strategy and operational development. Through his four years at Valmet Kari knows the company well and is the perfect person to take over the CFO position from the good foundation built by Markku," continues Pasi Laine.
Kari Saarinen's CV
MSc. (Accounting and Finance)
CFO starting from November 15, 2015
Kari Saarinen leads currently Valmet's Strategy and Operational Development.
11.11.2015 Roland DG announces new SOLJET EJ-640
Inkjet printer with outstanding productivity and low running cost
Roland DG, a leading manufacturer of wide-format inkjet printers and printer/cutters worldwide, announced the launch of its new SOLJET EJ-640 wide-format inkjet printer.
With dual staggered print heads, an integrated tri-heater system, rigid industrial design and high-capacity 1-liter ink cartridges available in 4 or 7 colour configurations, the EJ-640 is built for optimum performance and productivity. The EJ-640 uses new EJ ink, developed to offer substantially lower operating costs. New Roland VersaWorks Dual RIP software processes both PDF and PostScript files, including files with transparencies.
According to Yuko Maeda, division president of digital printing, market development for Roland DG, “Today’s sign market is typified by intense competition due to the spread of wide-format inkjet printers and the increasing demand for quick delivery of high quantities with low operating costs. The new EJ-640 addresses these issues by delivering excellent productivity and quality with low ink costs.”
Special attention has been given to high-volume users. A rigid shaft holds long and heavy rolls securely, and a newly developed Feed Adjuster ensures the smooth progression of media through the printer and onto the take-up system. Meanwhile, the powerful heater and blower prevent ink from bleeding during take-up. In 4-colour CMYK mode, up to two litres of ink can be loaded for each colour. With the Roland Ink Switching System, continuous printing is possible overnight without worrying about ink running out. When the primary ink cartridge runs out, its backup begins supplying ink automatically. Unattended operation is further facilitated by Roland OnSupport that sends an email to a smart phone, tablet or computer when a job is finished or ink is running low.
“While the EJ-640 is built for exceptional productivity,” Maeda adds, “the other aspects for which Roland DG is renowned, such as image quality and reliability, are maintained without compromise.” The rail and frame structure has been reinforced to enable precise ink droplet placement for vivid image quality even at higher speeds. Roland VersaWorks Dual RIP reproduces images with beautifully smooth gradations. In addition to dual CMYK, a seven-colour ink configuration consisting of CMYK plus Light Cyan (Lc), Light Magenta (Lm), and Light Black (Lk) is available for colour-matched photographs, corporate colours and brand logos.
Maeda concludes, “Since 1988, Roland DG has supported the growth of the sign industry by employing new digital technologies and providing products that truly make a difference. With the EJ-640, we continue to provide the best solutions to support print services providers.”
(Roland DG GmbH)
11.11.2015 More packaging power at Imatra mills
Last year, Stora Enso announced an investment of EUR 27 million to increase the capacity of Consumer Board Machine 5 at Imatra mills in Finland. The investment is now ready.
In addition to a capacity increase of 20 000 tonnes, the investment also enables quality enhancements and cost-competitiveness in global markets.
"With the investment, we have anticipated the demands of our customers for their brands. The quality and capacity that we have now achieved will keep us on the cutting edge of the industry," says Marko Pekkola, Head of Operations Consumer Board.
"We're now able to produce more general packaging, like multipacks for yoghurt, as well as more liquid packaging board for the packaging of milk and juice, for example. The new production capacity goes to European and global markets," he continues.
The investment in the Tainionkoski unit was realised in two phases this year, one phase in June and the other in August/September during the mill's scheduled maintenance stoppage.
"Our customers are positive about this change, and we have worked in close cooperation with them. There were no breaks in our deliveries during the transition time," Pekkola says.
The investment required a fair amount of technical planning. The focus of the investment was on the coating part of the board machine and on modernising the winder and reel packaging section. An experienced user group of mill employees were part of the practical planning. Some occupational health and safety factors were improved with the investment as well.
Imatra mills consist of two units, Kaukopää and Tainionkoski. The annual capacity of the mills is over one million tonnes of board and paper. The mills employ approximately 870 people, about 90 of them work at Tainionkoski.
(Stora Enso Fine Paper Imatra Mills)
11.11.2015 Rottneros launches Opacity Extreme, with superior opacity and strength
After extensive development the Swedish pulp manufacturer Rottneros Group now launches its new, improved High Yield Pulp, Opacity Extreme, for thin packaging and printing paper, as well as special applications. In addition to an extremely high opacity the product, produced at the mill Rottneros Bruk, also has excellent strength properties and high purity.
When it comes to thin packaging and printing papers, as well as a number of special applications, the opacity is critical. Low light transmission is required, for example, to ensure that prints will not be seen through the paper sheet. Similarly, the purity of the pulp, the so-called low shives content, is important in the manufacturing of thin paper.
The development of Opacity Extreme has been a team effort within Rottneros Bruk, where Fredrik Danielsson, technical sales manager, has been responsible for the development. Danielsson says Opacity Extreme with its combination of excellent strength properties, high purity and superior opacity is the leading product in the market for thin paper.
Olle Dahlin, CEO of Rottneros Bruk, says that the company now, with the launch of Opacity Extreme, has a very complete and competitive product range for High Yield Pulp, which includes everything from board and tissue to thin packaging and printing paper.
11.11.2015 Bosch Rexroth starts measures to turn its Mobile Applications business unit around
-Secure future viability and return to growth
-Wide raft of measures to cut costs
-Consultants engaged by employee representatives verify turnaround concept
-Up to 1,150 jobs to be shed by end of 2018
-Negotiations about reconciliation of interests and social compensation plan now underway
-Growth through innovation and new distribution channels
At the end of July, Bosch Rexroth announced cost cuts in its Mobile Applications business unit. Since then, the company has been conducting talks with the employee representatives and their consultants in order to give them the opportunity to check the plausibility of the turnaround concept and propose alternative measures. The aim of the turnaround proposed by Bosch Rexroth is to cut costs by 450 million euros and in this way secure the unit’s long-term viability. In this regards, the company intends to reduce overcapacity, increase efficiency, and facilitate future growth. The consultants engaged by the employee representatives have now validated the concept. Bosch Rexroth is examining the employee representatives’ proposals in detail; its concept already takes many of them into account. The company is now starting its turnaround program, with employee representatives still free to propose alternative measures for the locations affected.
The cost-cutting package will mean that as many as 1,150 jobs will be shed at six German locations – Augsfeld, Elchingen, Homburg, Horb, Lohr, and Schwieberdingen – by the end of 2018. Jobs are to be cut in as socially compatible a way as possible, using severance packages and phased retirement schemes, as well as offering associates employment at other Bosch Group locations. Mapping out the next steps in the process, Dr. Karl Tragl (photo), the president of Bosch Rexroth AG, says: “We can now start negotiations about the social compensation scheme and reconciliation of interests. Our goal is to avoid redundancies.” The negotiations will also include talks with the respective employee representatives about measures for each of the locations. Tragl stressed that management is still open for any proposals the employee representatives may have for turning the respective locations around, especially if these proposals mean that fewer jobs need to be shed.
Simpler work processes and new products
To cut costs and turn the Mobile Applications business unit around, Bosch Rexroth has planned a wide raft of measures: simpler work processes will be introduced, and greater use made of lower-cost plants outside Germany. In addition, manufacturing processes will be made more flexible to allow Bosch Rexroth to react better to ever greater fluctuations in demand. Distribution processes are also to be made more flexible so that the company can react faster to customer requirements. At the same time, the company plans to invest in the development of new products.
Falling demand and overcapacity make cost cuts necessary
Bosch Rexroth is a leading supplier of mobile applications for excavators, wheeled loaders, forklifts, tractors, and combine harvesters. Worldwide, demand has been declining for some years, with the companies that manufacture these vehicles reducing capacity, relocating to lower-cost countries, and even closing down plants completely. To compound this situation, sales of construction machinery in China have fallen even further, and were down more than 40 percent year on year in the first half of 2015.
At meetings held at the end of July at the six locations affected, the company informed associates of the need for cost cuts amounting to 450 million euros, made up of reductions in product costs, cost of materials, and personnel expenses. In the months since then, the turnaround concept has been the subject of talks with the employee representatives and their consultants.
“In the long-term view, the target markets for mobile applications are still attractive. For the time being, however, we have to react to structural changes in our markets in order to make the business unit fit for the future and return to a growth path,” Tragl says, summing up the combination of cost cuts, investment in new products, and realignment of distribution structures.
(Bosch Rexroth AG)
11.11.2015 Yuen Foong Yu has signed another contract with PMP - strategic partnership is successfully ...
In October 2015, Yuen Foong Yu has signed a contract with PMP for rebuild of TM#7 in Ching Shui Mill (Taiwan). The delivery includes steel Intelli-YDTM, Intelli-CapTM and Steam & Condensate equipment. PMP has been chosen again as a strategic partner supporting YFY’s development.
PMP is a global provider of paper, board and tissue technology and has been serving pulp & paper industry for over 160 years. PMP has built business partnership with Yuen Foong Yu in Asia that lasts several years already.
Yuen Foong Yu’s core business is paper manufacturing. Company produces printing, writing, industrial and home use paper. YFY owns three major brands of tissue paper at present: Mayflower, Tender and Delight. Its production lines cover paper products such as toilet paper, tissue paper, facial tissues, paper towels and napkins. YFY is not only one of leading Asian papermakers, it also ranks among the 50 largest paper manufacturers in the world.
This time, the scope of supply covers 12’ steel YD designed and manufactured by PMP (2420 mm sheet width on Yankee), a high efficiency Yankee cap supplied with an air fan – Intelli-CapTM – and a Steam & Condensate equipment. Designed Yankee is a steel welded construction with bolted on journals. In order to increase Yankee efficiency, PMP offers optimized and tailor-made solutions. Intelli-YDTM designed for YFY will be capable to operate up to 9.5 bar(g) of steam pressure and a maximum design speed of 1200 mpm. Additionally PMP will exchange existing steam Yankee Hood with Yankee Cap to reduce steam consumption. Appropriate changes in Steam & Condensate system will be implemented to fit new system conditions.
YFY decided to choose PMP Intelli-YDTM in order to great running references representing very high performance and ultra-low media consumption. This project is an example where PMP’s knowledge combined with high-tech equipment can become a key factor to achieve common success. The delivery is scheduled on June 2016, followed by erection at site and start-up on August 2016.
11.11.2015 Strong cellulose filaments win the Van den Akker Prize
A research team from the Wallenberg Wood Science Center has won the Van den Akker Prize for Paper Physics for the article 'Hydrodynamic alignment and assembly of nanofibrils resulting in strong cellulose filaments', published in Nature Communications.
The prestigious Van den Akker Prize is presented each year for the best publication within paper physics. This year's prize was awarded to an interdisciplinary research team from the Wallenberg Wood Science Center, which includes Innventia, KTH Royal Institute of Technology and Chalmers University of Technology. The team received the prize for the article 'Hydrodynamic alignment and assembly of nanofibrils resulting in strong cellulose filaments', published in Nature Communications in June 2014.
Their award-winning work involves putting together fibrils from cellulose to create very strong filaments. In this new method, the fibrils are oriented in a controlled manner along the direction of the filament during the production process.
Innventia has applied for a patent for this new technique for spinning, which is an example of the development of materials from nanocellulose currently being carried out within nanocellulose processes. One contributing factor behind Innventia's efforts towards new application for nanocellulose is the pilot facility for the production of nanocellulose (also known as CNF), which was opened in 2011. The pilot facility means that sufficient quantities of raw materials can be produced to work with different applications.
"This award is confirmation that what we have achieved is appreciated and is of value to the forest industry, even if it doesn't relate directly to paper," says Karl Håkansson, the first author of the article. "So I hope that this cooperation can continue, and perhaps even be broadened to develop the process described in the article further."
"We're extremely proud to have received this award," adds Torgny Persson, Director of the Material Processes business area. "This is an excellent example of successful cooperation between institutes and academia, in terms of both R&D and resources for upscaling and verifying research findings."
10.11.2015 GLATFELTER REPORTS THIRD-QUARTER 2015 RESULTS
Glatfelter (NYSE: GLT) reported third-quarter 2015 net income of $13.5 million, or $0.31 per diluted share, and adjusted earnings of $20.8 million, or $0.47 per diluted share. For the third quarter of 2014, net income was $30.4 million, or $0.69 per diluted share, and adjusted earnings were $30.8 million or $0.70 per diluted share.
Consolidated net sales totaled $420.0 million in the third quarter of 2015 compared with $465.1 million in the third quarter of 2014. The translation of non-U.S. dollar sales unfavorably impacted the year-over-year comparison by $25.2 million, reflecting a weaker Euro.
“At Glatfelter, we continue to take the steps necessary to manage controllable elements of our business, capitalize on near-term opportunities in our targeted markets and successfully execute our long-term growth strategy. While macro-level challenges continued to impact our company during the third quarter, we remain steadfast in our efforts to grow the business and we are confident in our outlook for long-term success,” said Dante C. Parrini (photo), chairman and chief executive officer.
Mr. Parrini continued, “During the quarter, demand remained solid in most Composite Fibers’ market segments including tea, coffee and electrical, and we saw improving demand for Advanced Airlaid Materials’ products. We are also continuing to realize the benefits of previously announced cost reduction initiatives across our businesses, and remain on target to reach our goals for the year. These positives were offset by the ongoing instability in Russia and Ukraine, which has significantly impacted the nonwoven wallcover market, and weaker pricing and demand in our Specialty Papers markets. Despite the continuing macro level challenges, we expect solid demand for each of our businesses in the fourth quarter.”
Composite Fibers’ shipping volumes and selling prices in the fourth quarter are expected to approximate the third quarter of 2015 levels. Raw material and energy prices are expected to be slightly higher than the third quarter.
Shipping volumes for Advanced Airlaid Materials in the fourth quarter of 2015 are expected to be down slightly compared with the third quarter. Average selling prices and raw material prices in the fourth quarter are expected to be in-line with the third quarter.
For Specialty Papers, the Company expects shipping volumes in the fourth quarter of 2015 to be in-line with the third quarter. Overall, selling prices are expected to decline slightly in the fourth quarter compared to the third quarter due to continued pressure on commodity products and input costs are expected to be in line with the third quarter of 2015. The Company does not expect any market downtime in Specialty Papers in the fourth quarter.
(Glatfelter Corporate Headquarters)
10.11.2015 Metsä Board expands its offering in food and food service paperboards by investing ...
... EUR 38 million in extrusion coating
Metsä Board is investing EUR 38 million in an extrusion coating line and related infrastructure at its Husum mill in Sweden. The line with a paperboard extrusion coating capacity of approximately 100,000 t/a will be taken into use at the beginning of 2017.
As previously announced, the company is currently installing a folding boxboard machine with a capacity of 400,000 t/a targeted to start up in January 2016 in Husum. Metsä Board is marketing this new volume to the Americas as well as to food service end-uses such as cups, plates and trays globally. A substantial amount of food and food service packaging requires barrier properties against e.g. moisture and grease, and they can be produced with extrusion coating.
“Extrusion-coated paperboard based on renewable fresh forest fibre competes on many occasions with plastics. Transferring to paperboard offers food service companies an opportunity to improve their responsibility. As our paperboards are lightweight and stiff, they also bring many additional benefits to e.g. logistics and converting,” says Mika Joukio, CEO of Metsä Board.
In 2015–2016, Metsä Board’s paperboards are coated by external converters. The company is also continuing development work on other barrier solutions.
(Metsä Board Corporation)
10.11.2015 Toscotec starts up its first AHEAD-1.5M tissue machine at Yuen Foong Yu Taiwan
The Toscotec-supplied AHEAD-1.5M tissue machine has started up at Yuen Foong Yu’s Chingshui mill in Taiwan. Yuen Foong Yu Paper, with its famous brand Mayflower, is currently the largest paper manufacturer in Taiwan and it ranks 49th in the world. The start-up has been welcomed by the Taiwanese producer as the positive outcome of a strong cooperation between the two teams: “We are pleased with the qualified teamwork and Toscotec’s support all the way from the engineering phase to the commissioning field work. We look forward to seeing the outstanding performances and energy saving results that we expect from Toscotec’s technological solution” says Mr. Ming Fa Tang, YFY’s Deputy General Manager.
The scope of supply of the Italian supplier included one AHEAD-1.5M machine, installing Toscotec’s second generation Steel Yankee Dryer TT SYD-18FT, a 1,425 mm diameter suction press roll and steam-heated hoods, as well as the stock preparation system. The machine has a working speed of 1,650 m/min and it will increase the mill’s production capacity by 40k t/y.
The Taiwanese producer has chosen Toscotec’s cutting-edge technology and customized design as the winning solution that strikes the perfect balance between machine performance and the lowest possible total energy consumptions. The masterly combination of a large diameter Steel Yankee Dryer, a single jumbo press roll and steam hoods delivers key advantages in terms of energy savings. TT DOES (Drying Optimization for Energy Saving) is now widely acknowledged as Toscotec’s signature design solution, especially on the Asian market, where energy savings are a major concern for tissue producers.
10.11.2015 A new name for a company - Oji Fibre Solutions
The new name reflects Oji’s commitment to transcend traditional boundaries as captured by the group’s global catch phrase: “Beyond the Boundaries”. Oji Fibre Solutions looks beyond geographies, beyond capabilities and beyond pulp and paper.
Oji Fibre Solutions is a leading softwood fibre-based forest products businesses producing a range of kraft pulps, container board and packaging products (e.g. for dairy and horticulture industries). The group includes three pulp and paper facilities, packaging operations in New Zealand and Australia, the Fullcircle waste paper collection business and the Lodestar logistics operation. Its export markets include China, the US, South Africa, Southeast Asia, South Asia and Australia.
The new name follows our acquisition of the business last year, jointly with Innovation Network Corporation of Japan (INCJ).
(Oji Holdings Corporation)
10.11.2015 BASF completes divestiture of paper hydrous kaolin business to Imerys
BASF has closed the previously announced transaction to divest its global paper hydrous kaolin (PHK) business to Imerys, a producer of mineral-based specialty solutions for industry, based in Paris, France. Under a tolling agreement of limited duration, BASF will continue to manufacture and supply PHK products to Imerys to enable a smooth transition for customers. Included in the transaction is a kaolin milling facility in Wilkinson County, Georgia referred to as the "Gibraltar mill".
BASF will continue to own and operate its other assets in Georgia, USA including kaolin reserves, mining and production facilities as well as a slurry facility in Ghent, Belgium.
"We have taken action to make our business fit for the future," said Dr. Shane Porzio, Vice President, Global Business Management Kaolin. BASF is committed to providing customers with the highest quality kaolin products, solutions and service.
10.11.2015 Call for Papers for FILTECH 2016
With the FILTECH Show taking place from 11-13 October 2016 the City of Cologne in Germany will turn into the top-meeting-place for all those involved with filtration and separation and adjacent sectors. With 350 exhibitors the world’s largest filtration Show will take place for the first time at the new venue KoelnMesse. The FILTECH Congress with more than 200 presentations will offer a representative cross section of current research findings, global developments and new approaches. Special highlights are a plenary and six survey lectures in which internationally renowned experts give a comprehensive overview of state of the art knowledge and techniques concerning important aspects of separation technology. Abstracts can be submitted until 28 February 2016. Details for abstract submission and stand booking are available at www.filtech.de.
We look forward to welcoming you to FILTECH from 11.-13. October 2016 at Koelnmesse - Cologne - Germany.
(Filtech Exhibitions Germany)
09.11.2015 THE SOFIDEL GROUP CONTINUES TO GROW WITH NEW INVESTMENTS IN THE USA
The Italian tissue paper group Sofidel, one of the world leaders in paper production for sanitary and household use, has strengthened its position in the US by acquiring from Green Bay Converting Inc. company a converting plant (photo) with its corresponding business in Green Bay (WI), and a new state of the art converting building in Hattiesburg (MS), launching a new greenfield investment in Ohio, and opening a new head office in Philadelphia.
The Sofidel Group, one of the world leaders in paper production for sanitary and household use, has strengthened its position in the USA through three major initiatives.
The Italian multinational, with its subsidiary Sofidel America, has acquired a converting plant in Green Bay with its corresponding business and a new state of the art converting building in Mississippi from the Green Bay Converting Inc. company, has also launched a new greenfield investment in Ohio, and has opened a new head office in Philadelphia (PA).
Green Bay (WI) and Hattiesburg (MS)
Founded in 1999, Green Bay Converting (GBC) is one of the most important independent US converting companies, has over 300 employees and carries out converting activities for the North America market, both in the Away-From-Home and Consumer segments.
The assets covered by the acquisition are:
• a 800,000 SF converting plant in Green Bay (WI) the main region for the production of tissue in the United States, rich in know-how and human resources, where Sofidel already has a presence with its own converting plant – and the connected activities
• a 400,000 SF brand new industrial building in Hattiesburg (MS) which will house a new converting plant
for a total additional annual production capacity amounting to approximately 65,000 tonnes, to which in the next few months several production lines will be added at the Hattiesburg location, and a few production lines at the Green Bay location.
For its part, GBC will continue to run its remaining operations as a contract manufacturer.
By replicating its successful strategy already implemented as part of the company’s internationalisation process in Europe, Sofidel has identified Circleville (Pickaway county, in the Columbus area), in Ohio – pending required approvals and favorable due diligence – as an area for launching the first greenfield investment in the new continent, a step which will significantly increase the company's production capacity.
The selected area, in the Midwest, offers important cities located within a few hundred kilometres and is a well-established logistics hub for distribution operators.
Additionally, Sofidel has also recently set up a new office in Philadelphia (PA), on the East Coast, one of the most densely populated areas in the country which will serve as the new headquarters of Sofidel America.
Sofidel in the USA
The activities announced combine with the recent opening of a new production plant in Tulsa (OK) producing AFH and consumer Private Label products.
As a whole Sofidel is committed to investing more than $ 300 million over three years (2015 – 2016 – 2017) in the USA.
“The US market is a key market for our Group, because it is the first in the world in terms of per capita consumption in the tissue sector”, explained Luigi Lazzareschi, CEO of Sofidel Group. “Today, the Sofidel Group has operations in seven states, and with the recent investments we are creating the necessary conditions to further increase our service levels and enhance the added value that we offer our customers.”
The company is therefore committed to its growth and development in the North American market. After its arrival on the continent in 2012 with the acquisition of operations in three states, today, Sofidel is active in 7 states. This geographical expansion in capacity is in line with the Sofidel strategy focused on providing highest quality products and services while being close to the markets in which it operates, and represents the second step in the development plans of Sofidel America.
09.11.2015 Fujifilm showcases its industrial inkjet capability at InPrint 2015
Fujifilm announces that it will showcase a range of advanced technologies for industrial and package printing applications at InPrint 2015 (10th - 12th November 2015, Munich). Visitors will have the opportunity to take advantage of the company’s leading expertise to discover how they can fulfil a wide array of industrial inkjet applications.
The Fujifilm Dimatix Samba™ industrial inkjet printhead will be shown on the stand, in combination with a Fujifilm water based ink, to print onto décor papers for laminate flooring. SambaTM printheads, which have been refined for industrial applications, can achieve the high print speeds and excellent image quality demanded by applications like flooring. This demonstration, running at 100 m/min, will be using Schoeller substrates designed for décor applications. The 1200 x 1200 dpi resolution and 2 picolitre drop size, coupled with a specific ink formulation for this application, means Fujifilm is able to raise the quality that can be achieved by a digital printing system. This décor demonstration represents only one of a series of applications where the combination of SambaTM printheads and Fujifilm ink are expanding the potential for digital printing in the industrial market place.
Fujifilm Dimatix will also show the functional fluid capability of the Merlin DCE modular inkjet print engine. The Merlin DCE has been developed as a manufacturing tool to be used for product decoration and materials deposition. The Merlin DCE can be supplied in different configurations that enable integration into existing production environments.
Also on show will be Fujifilm’s extensive range of high performance UV, hybrid and water based inks that have been developed to meet the specific needs of the industrial and packaging industries. A variety of applications produced using these inks will be on display, including a live demonstration of thermoforming using a highly flexible UV inkjet ink.
Finally, the large format LED UV hybrid inkjet printer Acuity LED 1600 II (photo), which guarantees excellent image quality and can print on flexible and rigid substrates up to 13mm thick, will be displayed in a special configuration to create proofing samples for packaging applications. This complements its ability to print specialist environmental graphics like wallpapers and window films. Environmental graphics are an increasingly popular application enabling wide format printers to differentiate their services and take a step into industrial printing. Thanks to its capability to print six ink colours plus opaque white and gloss varnish, the Acuity LED 1600 II helps printers to deliver appealing interior decor projects.
Gary Barnes, marketing manager for industrial inkjet at Fujifilm Speciality Ink Systems, comments: “Building on the success of the show last year, the Fujifilm stand at InPrint 2015 is a showcase of advanced printheads, inks and print engines that demonstrate how inkjet technologies can successfully contribute to the growth of the industrial market.” He adds: “We are committed to raise the awareness of Fujifilm’s inkjet technologies outside of our traditional printing sectors, and we are confident that InPrint 2015 will be an ideal platform to reach this objective.”
(Fujifilm Speciality Ink Systems Ltd)
09.11.2015 Rayonier Advanced Materials Reports Third Quarter Results
-Raises 2015 pro forma EBITDA guidance to approximately $230 million
-Continues progress toward $40 million cost-reduction initiative
-Reduces net debt by $86 million through first nine months and $136 million since separation
Rayonier Advanced Materials Inc. (NYSE:RYAM) (the “Company”) reported net income for the third quarter 2015 of $32 million, and $0.76 diluted earnings per share, compared to net income of $19 million, and $0.46 diluted earnings per share for the same period in 2014.
Pro forma net income for the third quarter 2015 was $33 million, or $0.78 per share compared to $22 million or $0.53 per share for the prior year period. Year-to-date pro forma net income was $60 million, or $1.42 per share, compared to $80 million, or $1.90 per share, for the prior year period.
“Our year-to-date results reflect the significant progress we have made on our initiatives to reduce cost and improve operational efficiency. Our execution in these areas over the last nine months has positively impacted our operating performance and allows us to raise 2015 pro forma EBITDA guidance to approximately $230 million,” said Paul Boynton (photo), Chairman, President and Chief Executive Officer.
Third Quarter and Year-to-Date Results
Sales of $257 million for the quarter were comparable to third quarter 2014. Sales for the nine months ended September 26, 2015 of $700 million, were also comparable to the prior year period. As expected, cellulose specialties prices were down 6 percent and 7 percent from the prior year three month and nine month periods, respectively, reflecting the results of our 2015 price negotiations. Cellulose specialties sales volumes for the three months were slightly higher and, for the nine months, slightly lower compared to the prior year periods. Commodity product sales volumes increased significantly reflecting improved production efficiency and more operating days in 2015.
Pro forma operating income was $60 million for the third quarter, up 28 percent from the prior year, as stronger cellulose specialties and commodity volumes combined with lower costs more than offset lower cellulose specialties sales prices. Costs were lower due to cost reduction activities and favorable wood, chemical and energy prices. Year-to-date, pro forma operating income was $118 million, down 13 percent from the prior year period as lower cellulose specialties sales prices and volumes were partially offset by lower costs and higher commodity sales volumes. In addition, the year-to-date 2014 period reflects carve-out accounting treatment for the first six months of the year. As such, the selling and general expenses are not comparable to the stand-alone company’s costs.
During the quarter, the Company continued to make progress on its $40 million annualized cost-savings initiative. Year-to-date savings of roughly $21 million are reflected in operating results. The Company is currently targeting at least $30 million in permanent cost savings to be realized in 2015 operating results with an annualized run-rate approaching $40 million by year-end.
Interest Expense, Net
Interest expense, net of interest income, was $27 million for the nine months ended September 26, 2015 reflecting the debt issued to effect the separation.
Income Tax Expense
The 2015 year-to-date effective tax rate was 33 percent, compared to 30 percent for the same period in the prior year. The prior year period reflects the reversal of a tax reserve. The full year effective tax rate is expected to be between 33 and 34 percent.
The year-to-date effective tax rate was below the federal rate of 35 percent primarily due to the benefit of the domestic manufacturing tax deduction and state tax credits, partially offset by an adjustment to the state deferred tax rate. The impact of the manufacturing deduction on the effective tax rate is greater in periods that include expenses that reduce pre-tax income but are not currently deductible for income tax purposes.
Cash Flow and Liquidity
Year-to-date, the Company generated $183 million of pro forma EBITDA and $92 million of adjusted free cash flow; as a result, net debt has been reduced by $86 million since December 31, 2014. As of September 26, 2015, the Company had $336 million of liquidity including $236 million available under its revolving credit facility after taking into account outstanding letters of credit.
“The persistent imbalance of supply and demand, coupled with other global economic headwinds, including a strong U.S. dollar, requires us to stay focused on streamlining operations, maximizing cash flow and reducing debt,” said Boynton.
(Rayonier Advanced Materials Inc.)
09.11.2015 Felix Schoeller & Xeikon launched their new product portfolio for Xeikon printing presses
Felix Schoeller Digital Media, one of the Felix Schoeller Group‘s business units, supported the Xeikon Café event – held in Lier, Belgium in October - as a business partner. The fact that the event’s main theme was wall decoration gave Felix Schoeller – the Osnabrück-based specialty paper manufacturer - the opportunity to showcase the product portfolio it has put together especially for Xeikon. The paper manufacturer and printing specialists worked together to qualify these nine papers for Xeikon’s presses.
The new product portfolio, which has not only wallpaper base but also other high-end digital printing papers, opens up a whole range of new applications and design options for Xeikon customers. Anyone interested in knowing more can simply send an email to ATovar@Felix-Schoeller.com to request a samples book with print examples.
In his presentation at the Xeikon Café, Michael Avermann – product manager for this product segment at Felix Schoeller – emphasised the versatility of wall decoration. He also gave his audience an insight into the market, along with information about future market trends.
“We are delighted that Felix Schoeller is able to offer our customers a broad portfolio, which gives them a huge choice of products and a host of possibilities to develop their business. We have joined forces and been able to develop other opportunities - in addition to wallpaper – for exciting digital printing applications,” says Monika Olbricht, Sales Director for Document Printing, summing up the productive collaboration between the two companies.
The product portfolio that has been qualified for Xeikon printing presses consists of Felix Schoeller’s INSPIRE wallpaper range – both coated and uncoated in natural white, PE-coated papers with canvas and lustre surface finishes and a basis weight of up to 340 g/m² in bright white and alpine white, and high-end uncoated digital printing papers in the E-FEEL® and E-PURE (150-230 g/m², alpine white) series.
(Xeikon Manufacturing NV)
09.11.2015 Focus on shorter setup times sees good attendance at the 2015 Bobst Meerbusch ...
...FOLDING CARTON DAYS
Like the FOLDING CARTON DAYS organized by Bobst Meerbusch in the past, this year's event again attracted great interest among packaging producers from Germany and the Benelux countries. The topic selected by the company - "Are you producing yet, or are you still setting up?" – highlighted an issue that is currently putting increasing pressure on many packaging producers in view of shrinking run lengths and the associated higher frequency of job changes. As a result, almost a hundred visitors came to the BOBST Competence Center in Meerbusch during the three 2015 FOLDING CARTON DAYS (23 - 25 September) in order to investigate the theoretical and practical aspects of shorter set-up times when die-cutting and gluing folding cartons.
The speakers from the partner companies taking part in the event likewise focused their presentations on the options offered by their companies for reducing set-up times. The topics presented ranged from working with optimum tools for die-cutting, gluing and quality control, to important criteria for adhesive selection, and all the way to the financing of investments in new machines, upgrades, or the expansion of existing production systems.
Just how quickly job changes on flat bed die-cutters and folder-gluers can be handled today was illustrated by live presentations on an EXPERTCUT 106 PER and an EXPERTFOLD 110 A-2 CSM, installed at the BOBST Competence Center in Meerbusch for demonstration and training purposes.
The EXPERTCUT 106 PER was used to demonstrate the production of a folding card. The job was lifted, and the machine operator reset the machine to a document folder single-handed. The setting time was roughly 18 minutes, this being about average for the given machine equipment. During this setup operation, Wolfgang Gross, Managing Director of Hesse Stanzwerkzeuge GmbH, reported on the possibilities for supporting the set-up process by means of the tools used. After briefly starting production, this job was likewise interrupted, in order to again reset the EXPERTCUT 106 PER for the folding card demonstrated before. Three employees from the nearby production environment were called in to assist. Thanks to efficient coordination, the setup time was reduced to less than four minutes. The average time spent on the machine by the additional staff members was less than two minutes.
Print marks were used on both jobs, allowing the innovative Power Register II system from BOBST to ensure perfect register between the printed images and the die-cutting layout.
The EXPERTFOLD 110 A-2 CSM was first of all used to fold and glue the folding cards die-cut on the EXPERTCUT 106 PER, with four glue lines at a speed of 27,000 blanks per hour. The machine operators subsequently reset the EXPERTFOLD 110 A-2 CSM for a six-corner carton. The modules needed for production of this carton had previously been completely prepared with all the necessary tools, and thus only needed to be attached to the machine. This job change took just under 13 minutes. High-speed images of the previous job were shown during the resetting operation, providing interesting insights into the correct choice of grain direction.
These live demonstrations on the two machines made it very clear that if processes are perfected accordingly, including the preparation of the necessary tools off the machines, the setting and control effort involved in machine set-up can be reduced to a minimum. The result is significantly more production time on the machines, the impact of which grows with the number of job changes required in day-to-day business.
"We wanted to give our customers some ideas as to how they can optimize their setup operations with relatively little effort, and thus improve their productivity. The great interest expressed showed us that this was exactly what our visitors wanted to know, as did the intensive expert discussions that went on until the early evening. This experience matches the massive response we have been getting to the EXPERTISE TO GO series of events that we recently launched. These seminars similarly focus on topics with a concrete, practical focus," explains Dirk Corsten, Managing Director of Bobst Meerbusch GmbH. He says that the FOLDING CARTON DAYS to come will likewise pay attention to offering the visitors the greatest possible practical benefits.
(Bobst Meerbusch GmbH)