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    11.11.2014   RockTenn Reports Fourth Quarter Fiscal 2014 Earnings    ( Company news )

    Company news RockTenn (NYSE:RKT) reported earnings for the quarter ended September 30, 2014 of $1.06 per diluted share and adjusted earnings of $1.31 per diluted share.

    Chief Executive Officer's Statement
    RockTenn Chief Executive Officer, Steve Voorhees, stated, "Our team delivered another quarter of solid operating results as measured by our adjusted earnings per share of $1.31 and free cash flow per share of $1.80. For all of fiscal 2014, we generated $6.10 per share in free cash flow for the year, up 9% over last year and representing a yield in excess of 10% on our current stock price. We implemented our balanced capital allocation approach by investing $534 million in capital expenditures, $474 million in acquisitions and returning $337 million to our shareholders in dividends and share repurchases. Our strong balance sheet and cash flow provide us the flexibility to continue to invest to sustain and improve our operating performance."

    Fourth Quarter Results
    Net sales of $2,608 million for the fourth quarter of fiscal 2014 increased $123 million compared to the fourth quarter of fiscal 2013 primarily as a result of the Tacoma Mill and display acquisitions completed in fiscal 2014.
    Segment income of $340 million increased $8 million compared to the prior year quarter primarily due to the impact of an estimated $41 million in productivity improvements and income from the acquisitions partially offset by increased commodity and other costs across our business.

    Segment Results
    Mill and Converting Tons Shipped
    Corrugated Packaging segment shipments of approximately 2,075,000 tons increased 8.0% or approximately 153,000 tons compared to the prior year quarter primarily as a result of the Tacoma Mill acquisition. Consumer Packaging segment shipments of approximately 409,000 tons increased 1.4% or approximately 6,000 tons compared to the prior year quarter.

    Corrugated Packaging Segment
    Corrugated Packaging segment net sales increased $82 million to $1,826 million due to the Tacoma Mill acquisition. Segment income increased $11 million to $248 million in the fourth quarter of fiscal 2014 compared to the prior year quarter as higher volumes from the acquisition and productivity improvements were partially offset by the impact of increased export volumes on average selling prices and higher commodity and other costs. Segment income in the fourth quarter of fiscal 2014 included the recognition of a $23 million gain related to the recording of additional value of spare parts at our containerboard mills acquired in the Smurfit-Stone acquisition. The fourth quarter of fiscal 2013 included a similar $12 million spare parts gain and a $9 million gain related to the termination of a steam supply contract at our Solvay recycled containerboard mill, net of boiler start-up costs. Corrugated Packaging segment EBITDA margin was 20.8% for the fourth quarter of fiscal 2014, flat compared to the prior year quarter.

    Consumer Packaging Segment
    Consumer Packaging segment net sales increased $30 million to $525 million in the fourth quarter of fiscal 2014 compared to the prior year quarter primarily due to higher selling prices and volumes. Segment income increased $6 million to $72 million in the fourth quarter of fiscal 2014 primarily reflecting higher selling prices which were partially offset by the impact of higher commodity costs and other items. Segment income in the fourth quarter of fiscal 2013 included approximately $8 million related to a partial insurance settlement of property damage claims associated with the Demopolis turbine failure in fiscal 2012. Consumer Packaging segment EBITDA margin was 18.1% for the fourth quarter of fiscal 2014, up slightly compared to the prior year quarter.

    Merchandising Displays Segment
    Merchandising Displays segment net sales increased $45 million over the prior year fourth quarter to $229 million primarily due to higher volumes and the impact of two display acquisitions completed in fiscal 2014. Segment income decreased $8 million to $15 million in the fourth quarter of fiscal 2014 compared to the prior year quarter primarily as the impact of higher volumes were more than offset by higher costs, including costs associated with supporting and onboarding new business. Merchandising Displays segment EBITDA margin was 8.6% for the fourth quarter of fiscal 2014.

    Recycling Segment
    Recycling segment net sales decreased $25 million over the prior year fourth quarter to $88 million primarily due to lower volumes and recovered fiber prices as a result of soft global markets and collection facility closures. Segment income was relatively flat in the fourth quarter of fiscal 2014 compared to the prior year quarter primarily as the impact of lower volumes and market conditions were partially offset by the impact of cost structure improvements.

    Cash Provided From Operating, Financing and Investing Activities
    Cash from operations was $403 million in the fourth quarter of fiscal 2014 compared to cash from operations of $310 million in the prior year quarter. Net Debt (as defined) increased $6 million in the September quarter to $2.95 billion and at September 30, 2014, our Leverage Ratio (as defined) was 1.92 times. Total debt was $2.98 billion at September 30, 2014.
    During the quarter, we invested $157 million in capital expenditures, paid $74 million for the purchase of a business and returned $188 million in capital to our shareholders with $163 million in stock repurchases and $25 million in dividends.

    Pension Lump Sum Settlement Expense
    During the fourth quarter of fiscal 2014 RockTenn completed the first phase of our previously announced lump sum pension settlement to certain eligible former employees and as a result recorded a pre-tax expense of $48 million or $0.20 per diluted share after-tax. Distributions to eligible former employees were made out of existing plan assets during the quarter.

    Restructuring and Other Costs
    RockTenn's restructuring and other costs and operating losses and transition costs due to plant closures for the fourth quarter of fiscal 2014 were $0.05 per diluted share after-tax. These costs primarily consisted of $6 million of pre-tax integration and acquisition costs and $4 million of pre-tax facility closure charges. The facility closure charges were primarily associated with the decision to exit the Cincinnati, OH specialty recycled paperboard mill and a recycling collection facility, and on-going closure costs for previously closed facilities.
    (Rock-Tenn Co)
     
    11.11.2014   Orient Paper Announces Transition of Chief Financial Officer and Independent Director    ( Company news )

    Company news Orient Paper, Inc. (NYSE MKT: ONP) ("Orient Paper" or the "Company"), a leading manufacturer and distributor of diversified paper products in North China, announced that Mr. Winston Yen, has resigned from his position as the Company's Chief Financial Officer for personal reasons, effective November 1, 2014. Mr. Yen will continue serving the Company as a consultant to assist in the transition to a new Chief Financial Officer. The Board of Directors has appointed Ms. Jing Hao, the Chief Financial Officer of the Company's operating entity, Hebei Baoding Orient Paper Milling Company Limited, as the Company's Chief Financial Officer.

    Ms. Jing Hao previously served Orient Paper, Inc. as its Chief Financial Officer from November 2007 to April 2009. Ms. Hao has also served as Chief Financial Officer of the Company's operating entity Hebei Baoding Orient Paper Milling Company Limited since 2006, and as Manager of Finance from 2005 to 2006.

    Orient Paper also announced that Mr. Drew Bernstein, one of the Company's independent directors and the chair of its Audit Committee, has resigned from his positions with the Company for personal reasons, effective November 1, 2014. The Board of Directors has appointed Mr. Marco Ku as Mr. Bernstein's replacement as an independent director and Audit Committee Chairman.

    Mr. Marco Ku is the founder of Sensible Investment Company Limited, an investment consulting firm based in Hong Kong. Mr. Ku was previously Chief Financial Officer of China Marine Food Group Limited (OTC: CMFO) from July 2007 to October 2013. Prior to his tenure at CMFO, Mr. Ku was with KPMG from 1996 to 2000, where his last held position was Assistant Manager. From August 2000 to February 2003, he served as Manager of Corporate Services for Logistics Information Network Enterprise (HK) Limited, a subsidiary of Hutchison Port Holdings Ltd., where he later served as Manager of Management Accounting from March 2003 to September 2004. From October 2004 to September 2005, he worked as the Financial Controller for Hongkong.com Company Limited (a Hong Kong listed company within the China.com Group). From October 2005 to April 2007, he co-founded KISS Catering Group, a food and beverage business in Beijing. Mr. Ku received a bachelor's degree in Finance from the Hong Kong University of Science and Technology in 1996, and is currently a Fellow Member of the Hong Kong Institute of Certified Public Accountants.

    Mr. Zhenyong Liu, Chairman and Chief Executive Officer of Orient Paper commented, "I want to thank both Winston and Drew for their significant contributions during their tenure at Orient Paper. I also look forward to continue working with Winston as he helps us in our transition to a new CFO. We wish them both the best in their future endeavors. Meanwhile, we are pleased to welcome Jing Hao back as CFO. We also welcome Mr. Marco Ku to the Board of Directors and Audit Committee."
    (ONP Orient Paper Inc.)
     
    11.11.2014   GLATFELTER REPORTS RECORD ADJUSTED EPS OF $0.70 DRIVEN BY TOP-LINE GROWTH ...    ( Company news )

    Company news ... AND OPERATIONAL EFFICIENCIES IN SPECIALTY PAPERS AND ADVANCED AIRLAID MATERIALS BUSINESS UNITS

    Glatfelter (NYSE: GLT) reported third-quarter 2014 net income of $30.4 million, or $0.69 per diluted share, and adjusted earnings of $30.8 million, or $0.70 per diluted share. For the third quarter of 2013, net income was $34.1 million, or $0.77 per diluted share, and adjusted earnings were $24.4 million or $0.55 per diluted share.
    Consolidated net sales totaled $465.1 million in the third quarter of 2014, a 1.8 percent increase compared with $456.6 million in the third quarter of 2013.

    "Our third-quarter adjusted earnings were strong and an all-time quarterly record of $0.70 per share,” said Dante C. Parrini (photo), chairman and chief executive officer. “Specialty Papers delivered significantly improved results led by excellent operational performance and top-line growth. Advanced Airlaid Materials continues to perform very well, aided by strong demand and production efficiencies and Composite Fibers had a solid quarter when considering the market and economic pressures it is facing.”
    Mr. Parrini continued, “As we look at the fourth quarter, we expect to build on the momentum of operational excellence across all of our businesses. We believe Specialty Papers is well-positioned to deliver stable, reliable cash generation for the company. Demand for our Advanced Airlaid Materials products is consistently strong, driven by global growth in adult hygiene markets. Composite Fibers is operating well overall, but it continues to be impacted by economic uncertainty in Europe and the fluid economic and political situation in Russia and Ukraine. On balance, we are pleased with our progress throughout 2014 and our leading market positions, while remaining mindful of the near-term macro-level challenges.”

    Third-Quarter Business Unit Results
    Composite Fibers
    Net sales for this business unit declined $6.9 million, or 4.3 percent, primarily due to $4.9 million from lower selling prices. Foreign currency translation favorably impacted the year-over-year net sales comparison by $1.2 million.
    Composite Fibers’ third-quarter 2014 operating income decreased $0.8 million to $18.1 million compared to the year-ago period. The adverse impact from lower selling prices was substantially offset by improved operating performance including the impact of market related downtime taken to reduce inventories.

    Advanced Airlaid Materials
    On a year-over-year basis, Advanced Airlaid Materials’ net sales increased $4.9 million, or 7.0 percent, primarily due to a 5.9 percent increase in shipping volumes.
    Third-quarter 2014 operating income increased $3.6 million, nearly double the year-ago quarter. The third-quarter 2013 results were adversely impacted by $1.7 million of costs, net of insurance, related to fires at this business unit’s facilities. Excluding these costs from the quarter-over-quarter comparison, 2014 operating income increased $1.9 million primarily due to higher shipping volumes and lower raw material and energy costs.

    Specialty Papers
    On a year-over-year basis, Specialty Papers’ net sales increased $10.5 million, or 4.7 percent primarily due to an $8.3 million benefit from higher average selling prices together with higher shipping volumes. This business unit’s growth in shipping volumes again outperformed the broader uncoated free-sheet market which was down 8.0 percent in the third quarter of 2014 compared to the third quarter of 2013.
    Operating income increased $9.7 million, or 53.6 percent primarily due to higher selling prices together with significant improvements in operating performance, including record quarterly pulp production, partially offset by higher incentive compensation and normal cost inflation.

    Other Financial Information
    During the quarter, the Company recorded a $3.3 million non-cash asset impairment charge related to a trade name intangible asset acquired in connection with the 2013 Dresden acquisition. The charge was due to a change in the estimated fair value of the trade name, primarily driven by a substantial increase in discount rates related to Dresden’s business in Russia and Ukraine and this region’s political instability.
    Pension expense totaled $1.7 million and $3.6 million for the third quarters of 2014 and 2013, respectively. The decline reflects the benefit of higher discount rates and the amortization of deferred actuarial gains related to higher returns on assets in 2013. Because the Company’s qualified plan remains overfunded, a cash contribution is not required to be made in 2014 nor is a contribution expected in the foreseeable future.
    The Company completed the sale of 1,095 acres of timberlands during the third quarter of 2014 for $1.7 million and realized an after-tax gain of $1.0 million.
    In the third quarter of 2014, the Company recorded an income tax provision of $10.4 million on adjusted pre-tax earnings resulting in an effective tax rate of 25.2 percent. In the comparable quarter a year ago, the income tax provision totaled $4.8 million and the effective tax rate was 16.3 percent. The lower effective tax rate in 2013 was primarily due to changes in valuation allowances and the reduction of statutory tax rates in a foreign jurisdiction.
    Adjusted earnings in the third quarters of 2014 and 2013 excludes a benefit of $1.0 million and $9.9 million, respectively, from the release of tax reserves related to alternative fuel mixture credits earned in 2009, due to the lapse of the applicable statutes of limitation.

    Outlook
    In the fourth quarter of 2014, Composite Fibers’ shipping volumes are expected to be approximately 5 percent lower than the third quarter of 2014 primarily due to seasonality. Selling prices and raw material and energy prices are expected to be in-line with the third quarter. The impact of downtime to reduce inventory levels in the fourth quarter is estimated to be $1 million to $2 million higher compared to the third quarter.
    Shipping volumes for Advanced Airlaid Materials in the fourth quarter of 2014 are expected to decline by approximately 5 percent compared with the third quarter due to seasonality. Average raw material prices are expected to be slightly higher than the third quarter of 2014 resulting in higher selling prices consistent with our pass-through arrangements. In order to increase the production capacity of a line in Falkenhagen, the Company expects to incur approximately $1 million of costs related to lost production time from temporarily taking the line down.
    For Specialty Papers, the Company expects shipping volumes in the fourth quarter of 2014 to decline by approximately 5 percent compared to the third quarter due to seasonality. Overall selling prices are expected to be slightly lower than the third quarter of 2014 and input costs are expected to increase slightly. Maintenance costs are expected to be approximately $2 million higher in the fourth quarter compared with the third quarter due to normal variations in the timing of certain work.
    (Glatfelter Corporate Headquarters)
     
    11.11.2014   From Carnaby Street to global recognition     ( Company news )

    Company news It all began with a small design studio on a little road off Carnaby Street. SANTORO was Lucio and Meera Santoro’s small-scale venture into innovative graphic design. Today their work is found around the world and they have won some 50 international awards for their designs, greeting cards and 3D books.

    The company’s first big success came with its Swing Cards, a series of movable 3D greeting cards which are sent flat but which unfold themselves immediately they are removed from the envelope. Over the years the collection has gradually expanded and now consists of more than 90 different cards, which are sold world-wide, with over 15 million recipients to date.

    “If I’d realised how much work is involved in every card I never would have started this,” commented Lucio Santoro in the company’s showroom at the current headquarters at Rotunda Point in Wimbledon. “This must be the highest level of construction using paper materials.”

    “But at the same time, the demanding construction work has also protected us from copies and plagiarists. There are many other products which are far easier to copy.”

    It was while working on the original Swing Cards collection during the first half of the 1990s that the studio first encountered the paperboard called Invercote made by Iggesund Paperboard. Since then all the studio’s advanced collections have been made using Invercote.

    “Invercote maintains a very high and consistent quality,” Lucio Santoro said. “For our purposes, though, a few of its unusual features are the most important. Its very high tear resistance enables us to create finer details while at the same time the construction is more durable.

    “Another important property is dimensional stability. Few people realise that when you are working in three dimensions you not only have to ensure perfect registration between the printing inks but also with the printed image on the reverse. Dimensional stability is crucial for this.”

    Over time SANTORO has built up a portfolio of designs, which the studio now licenses to other users, an activity that currently brings in almost half the company’s revenues. Designs by Santoro are now printed on everything from bags and gift articles to housewares, notebooks, ceramics, apparel and footwear to name just a few. Lucio and Meera have also produced three 3D non-fiction books: Journey to the Moon, Wild Oceans and Predators.

    Sophisticated greeting cards are still an important part of SANTORO’s business. Last year the company launched its Pirouettes collection, which has good prospects of emulating the popularity of the Swing Cards.

    “We believe strongly in Pirouettes – you have to when it takes about two years to develop a collection,” Lucio said. “Sales have gone well so far but it will be a few years before we can see how the collection measures up to Swing Cards’ twenty years of popularity.”

    About 30 people work at SANTORO’s design studio in London, with a further 60 employees around the world.
    (Iggesund Paperboard AB)
     
    11.11.2014   Completion Date for the Acquisition of Carter Holt Harvey Limited's Pulp, Paper and Packaging ...    ( Company news )

    Company news ... Businesses (Progress Update)

    We previously announced on April 25, 2014 that Innovation Network Corporation of Japan and we have signed a definitive agreement to jointly acquire all of the stakes in Carter Holt Harvey Limited’s Pulp, Paper and Packaging Business. The business is based in New Zealand and Australia and are currently owned by Rank Group Limited. Today we are pleased to announce that the transaction is now envisaged to close on December 1, 2014 as we have obtained necessary regulatory approvals and met all other pre closing conditions.

    Planned Completion Date: December 1, 2014
    (Oji Holdings Corporation)
     
    10.11.2014   DS Smith acquires Grupo Andopack, Spain    ( Company news )

    Company news DS Smith is pleased to announce the acquisition of Andopack, a Spanish corrugated board producer. Andopack is a very well-invested and growing business with good access to both Barcelona and Madrid.

    Photo: Miles Roberts, Chief Executive of DS Smith

    The acquisition gives the Group a direct market position in Spain, allowing us to meet demands from our pan-European customers to have a presence in this important market. Andopack will provide cost and cash saving opportunities and an excellent platform for growth as we leverage our scale, innovation and customer relationships.

    The total consideration, including the assumption of debt, is expected to be circa £35m, subject to closing adjustments, representing a post synergy multiple of between 5.0 and 6.0x EBITDA. The transaction is being financed from existing cash resources and is expected to deliver a return on invested capital above our cost of capital in the second year of ownership.

    Miles Roberts, Chief Executive of DS Smith said: “The acquisition of Andopack in Spain is an exciting development for DS Smith as we continue to strengthen our pan-European customer offering. Andopack has high quality assets and we look forward to growing it further as we expand in this attractive market.”
    (DS Smith Plc)
     
    10.11.2014   AkzoNobel Q3 results 2014    ( Company news )

    Company news Profit grows following operational efficiencies despite fragile economy

    Photo: Akzo Nobel CEO Ton Büchner

    -Operating income totaled €335 million, boosted by operational efficiency programs and lower restructuring charges
    -Revenue down 2 percent: volume up 1 percent, more than offset by negative currency effects and divestments
    -Return on sales (ROS) at 9.1 percent (2013: 8.0 percent); excluding restructuring costs of €55 million (2013: €75 million), ROS is 10.6 percent (2013: 10.0 percent)
    -Net income attributable to shareholders €205 million (2013: €155 million), due to higher operating income and lower finance expenses
    -Adjusted EPS increased 24 percent to €0.92 (2013: €0.74)
    -Interim dividend of €0.33 declared
    -Net cash inflow from operating activities €489 million (2013: €552 million)
    -On track to deliver 2015 targets despite the continued fragile economic environment

    Akzo Nobel N.V. (AkzoNobel) reported positive volume growth and, for the fifth consecutive quarter, an improvement in Return on sales (ROS) – from 8.0 percent to 9.1 percent. Excluding restructuring costs of €55 million, ROS was 10.6 percent (2013: 10.0 percent).

    Operating income grew 11 percent to €335 million (2013: €303 million), reflecting the benefits of ongoing operational efficiency programs, although this was partially offset by new restructuring costs in Performance Coatings. Net income attributable to shareholders was €205 million (2013: €155 million), due to higher operating income and lower finance expenses. Revenue for the third quarter declined 2 percent, with volume growth being offset by negative currency effects and divestments.

    CEO Ton Büchner:
    "AkzoNobel delivered a solid Q3 performance, despite continued economic uncertainty. Return on sales improved for the fifth consecutive quarter to 9.1 percent, while operating income grew by 11 percent. Conditions continue to be challenging, but we have a resilient strategy focused on stimulating organic and sustainable growth. Coupled with the benefits from our ongoing operational efficiency programs, we are on track to deliver on our 2015 targets.

    "Q3 was also notable for several achievements, including being ranked first in our industry on the Dow Jones Sustainability Index for the third year running. In addition, our Human Cities initiative gathered momentum when we made a commitment to the Clinton Global Initiative and partnered with The Rockefeller Foundation through its 100 Resilient Cities program. We also developed coatings technology for the world's first fully recyclable and compostable paper cup, and we broke ground on a new Decorative Paints site in Chengdu, China."

    Decorative Paints: Volumes were flat compared with the previous year. Market conditions in Europe remained challenging, while volumes were higher in Asia. Revenue declined compared with the previous year, due to the divestment of Building Adhesives and the adverse price/mix effect driven by the sale of the German stores. Operating income was higher than 2013 due to lower restructuring expenses.

    Performance Coatings: Volumes were up, while revenue was flat on 2013 as price/mix and adverse currencies offset higher volumes. Cost control measures continued in all businesses. The new organizational structure has reduced the number of global management layers, resulting in higher restructuring costs. As a result, operating income declined on the previous year.

    Specialty Chemicals: Volume for the quarter was in line with 2013, with growth being offset by some planned outages in the chain, as well as industrial action in Rotterdam. Revenue declined, due to adverse currency developments and price pressure in some segments such as in caustic. Despite the economic slowdown, profitability increased due to benefits from restructuring activities and cost savings, as well as lower restructuring costs.

    Outlook
    AkzoNobel is on track to deliver on its 2015 targets despite the continued fragile economic environment.
    (Akzo Nobel Industrial Chemicals B.V.)
     
    10.11.2014   Smart automation technology for both one-off and mass production    ( LIGNA 2015 )

    LIGNA 2015 LIGNA presents "networked manufacturing" for the wood and furniture industries

    Changing conditions are forcing the wood and furniture industries to adapt in many ways. For example, market demand for one-off production is on the rise, and industry needs to deliver on this without compromising quality, efficiency or flexibility. The same goes for optimizing resource consumption and the long-term traceability of the components and materials used. In order to meet these and other challenges, it is essential that wood and furniture industry professionals as well as mechanical engineering and automation specialists pool their expertise and together develop suitably networked and integrated approaches to manufacturing.

    The place where it all comes together is LIGNA – the world’s leading trade fair for the forestry and wood industries. At LIGNA’s next staging (11 to 15 May 2015), exhibitors will be providing a comprehensive and revealing look at how cutting-edge networked production is already possible today. The most important innovations and solutions for smart manufacturing will be on display, giving tangible shape to the “Smart Factory” vision for woodworkers, wood processors and furniture makers.

    Smart manufacturing at every link in the chain
    Custom production of one-off furniture items requires a high degree of process reliability. System availability, throughput speed and processing performance must be in tune to ensure quality and efficiency. This requires very precise measurement technology as well as a high degree of automation. Each individual assembly needs to perform dependably, and communication between the various machines has to be seamless, also right on through to the planning and marketing phases.

    Smart automation solutions in the wood and furniture industry can enable manufacturing facilities to autonomously predict tool wear in advance, reduce emissions, optimize energy consumption through tailored assembly control, and prevent production flaws. Downtimes, manual adjustments and scrap are minimized, machine operating convenience and service life are improved, through-times are optimized, and productivity and energy efficiency raised – all without higher automation technology costs.

    PC-based control as the core technology
    Smart automation technology thus contributes significantly to making furniture manufacturing more flexible, efficient and sustainable. Already today, existing and new plants can be equipped with the core technology, which is PC-based and open system. Thanks to advanced telecommunications, data from every link of the production planning and manufacturing chain can be seamlessly exchanged in real time.

    So far, only applications of limited scale can benefit from the above technology. Currently available PC computing power cannot yet cope with the necessary volumes of data to control complex machines and systems. However, automation specialists are already working closely with their partners on promising new concepts, using a combination of leading-edge hardware and software to develop smart, high-performance system solutions that can connect to processing facilities with minimal custom programming.

    Christian Pfeiffer, head of the LIGNA department at Deutsche Messe, explains the need: “The major challenge for the future is to create an optimal control architecture to meet the complex requirements of the Smart Factory. Ideally this means both the horizontal networking of the process parameters for each individual step – e.g. order receipt, planning, manufacturing, logistics and distribution – as well as vertical integration of all data flows, embracing everything from the raw materials used right on up to the end of the product lifecycle.”

    Next May, international automation specialists and machine builders will be presenting their latest developments and pilot applications exclusively at LIGNA. This technology showcase for networked manufacturing offers practical guidance to companies of all sizes in search of the best ways to implement smart manufacturing. Smart, self-optimizing plant and equipment make it possible for the wood and furniture industries to score tremendous gains in terms of quality, competitiveness and flexibility.
    (Deutsche Messe AG )
     
    07.11.2014   Markham Vale breaks new ground for inspirepac    ( Company news )

    Company news inspirepac – part of the Logson Group - has confirmed it is to open a further site to facilitate its ongoing growth and success.

    Picture: Councillor Anne Western - Leader Derbyshire County Council, Chris Marples - inspirepac CEO and Joan Dixon - Cabinet Member for Economy Transport and Environment Derbyshire County Council.

    The new 100,000 sq. ft. factory is to be situated at Markham Vale, North Derbyshire. At the heart of the UK motorway network, the industrial park has direct access to the M1 North/South arterial route at Junction 29A, which is ideal to serve inspirepac’s growing customer base.

    The new site will see inspirepac transform its Group operations by investing £6m in state- of- the- art high quality post print (HQPP) and further digital capability, complementing its leading position in the high growth market sectors of retail ready packaging and point of sale. It is expected that the new site will commence production mid 2015 and will complement the existing production capabilities.

    Chris Marples, CEO, commented, “I am delighted and extremely proud to make this announcement which heralds a new era for inspirepac. This new site will operate alongside inspirepac’s existing businesses, supporting our plans for continued growth."

    The new site will see a £6 million investment in leading edge machinery, this will allow inspirepac to meet the ever growing demand for retail-ready packaging (RRP) and promotional packaging, giving customers maximum in store visibility and brand presence within the retail market.

    inspirepac Managing Director, Mark Hawkins said: “This is an exciting time for the inspirepac Group, we are investing in the latest print technology allowing us to further develop our innovative product offering.

    "Markham Vale takes our flexo and digital capabilities to another level and continues to challenge the offset litho market. These enhanced capabilities will ensure we stay ahead of the competition and gives peace of mind to our clients with regards to quality, colour consistency and brand integrity no matter the print process."

    In conjunction with inspirepac’s investment plans, sister company Board24 is to make a £9m investment in an additional corrugator at its Preston site, already the UK’s most efficient sheet feeding operation. The Preston investment, offering an enhanced coated grade offering, further strengthens inspirepac’s robust supply network delivering an exceptional choice of substrate, fluting profile and lead-time flexibility.

    Chris concluded; “Markham Vale will be a state of the art production site, with leading edge print capability but will have a 6,000 pallet distribution hub delivering improved supply chain efficiencies within the entire business. This optimises our workflow, process efficiency and logistics delivering exceptional market leading service to support our Customer’s growth plans. My personal vision is to double the Group turnover in the next five years, committing to Markham Vale gives us a platform to achieve this."
    (Inspirepac Limited)
     
    07.11.2014   Ahlstrom simplifies its structure and organization for faster execution and profitability improvemen    ( Company news )

    Company news Ahlstrom will simplify its structure and organization to enable faster execution and stronger accountability within business areas. The aim of the change is to accelerate profitability improvement. The new structure will be effective as of January 1, 2015. In addition, the composition of Ahlstrom's Executive Management Team will change with immediate effect.

    Photo: Marco Levi, Ahlstrom President & CEO

    Ahlstrom's new organizational structure will consist of three business areas: Filtration, Building and Energy, and Food and Medical. These business areas will have stronger operational alignment, including responsibility for sales and marketing, technical customer service, product development and operations.
    "The changes in operational and management structure will help to clarify the priorities for each business. I believe that we can facilitate faster execution and optimize our resources by strengthening accountability in the business areas close to our customers and markets", states Marco Levi, President & CEO.

    Executive Management Team appointments
    The following appointments in the Executive Management Team of Ahlstrom have been made:
    -Sakari Ahdekivi, CFO, responsible for Finance and Controlling, Information Technology and Communications
    -Ulla Bono, Executive Vice President, Legal, General Counsel
    -Fulvio Capussotti, EVP, Building and Energy, responsible for the wallcovering, flooring and composite businesses
    -Omar Hoek, EVP, Food and Medical, responsible for the food packaging, masking tape and medical businesses.
    -Jari Koikkalainen, EVP, Filtration, responsible for the transportation filtration and advanced filtration businesses
    -Nadia Stoykov, EVP, Commercial Excellence, Customer Service and Sourcing.
    -Päivi Leskinen, 49, M.Sc. (Soc.) will assume the role of Executive Vice President, Human Resources and member of the EMT. She has held several HR management positions at ABB, currently as Global HR Business Partner, EMEA, Ventyx, ABB Technology Ltd. She will join Ahlstrom in the first quarter of 2015.
    All EMT members will report to Marco Levi, President & CEO.

    Additional changes
    -Paul Stenson is appointed EVP, Filtration Product Development, reporting to Jari Koikkalainen. Paul will also maintain responsibility for aligning product and technology development capabilities as well as portfolio development between the three Business Areas.
    -Roberto Boggio has been appointed EVP, Operations, Food and Medical. Roberto will also assume responsibility for aligning operations, including manufacturing, engineering and logistics, within the three Business Areas. He will report to Omar Hoek.
    -Arnaud Marquis will assume the role of Vice President, Wallcover and Poster businesses, reporting to Fulvio Capussotti.
    -Paul, Roberto and Arnaud will step down from the EMT, and Paul and Roberto will become members of the Extended Executive Team which will be established to work in close collaboration with the EMT.
    -Following the changes, Paula Aarnio, EVP, HR & Sustainability; William Casey, EVP, Regional Sales, Americas; Rami Raulas, EVP, Regional Sales EMEAI, and Luc Rousselet, EVP, Supply Chain, will pursue other opportunities outside Ahlstrom and will leave the EMT.

    "Let me extend my thanks to Paula, William, Rami and Luc for their valuable contribution to the development of the company during the last years. I wish them all the best in their future challenges," Marco Levi continues.

    Changes in segment reporting
    Ahlstrom's three new business areas, Filtration, Building and Energy, and Food and Medical, will form the new financial reporting segments of the company. The changes are effective starting from January 1, 2015. The company plans to publish restated financial segment information before publishing its January-March 2015 interim report on April 28, 2015.
    (Ahlstrom Corporation)
     
    07.11.2014   Smurfit Kappa rolls out the Board Referee to global operations    ( Company news )

    Company news Smurfit Kappa has announced the roll out of the ‘Board Referee’, which is exclusively developed across all of its production sites in Europe, as part of a commitment to bring customers cutting edge innovation throughout its operations.

    The pioneering Board Referee was designed by Smurfit Kappa’s Development Centre in the Netherlands and continues the company’s practice of using insight, applied expertise and measurement to develop high-performance packaging products.

    The Board Referee is the latest in a long line of corrugated board innovations from the company, which is recognised for being the first to apply the ‘Three Point Bending’ theory (TPB) to packaging. This led to a revolution in how corrugated board is composed and flutes are designed. It also follows the application of insights from the aeronautic industry to develop Paper-to-Box, recognised as the packaging industry’s most advanced performance prediction tool.

    The Board Referee builds on this legacy, allowing the packaging firm to measure the performance of corrugated board using TPB theory. TPB provides Smurfit Kappa with data on the bending strength of the corrugated board used in packaging, so that it can be developed and improved accordingly.

    Ultimately, this guarantees that the board used in the stacking and storage of boxes is perfectly optimised for its purpose – providing customers with packaging that is strong enough to carry the load of the product and stack, while using the least amount of raw materials possible, delivering a solution that is both efficient and sustainable.

    By ensuring that the Board Referee is available in all its production sites, Smurfit Kappa is able to gather board performance results immediately, in real-time. It provides the packaging firm with greater insight and understanding of the quality of packaging materials, complementing its use of its other ‘InnoTools’ such as Paper-to-Box and Pack Expert.

    Arco Berkenbosch, V.P. Research and Development,Smurfit Kappa, said, “This industry-first technology is perfectly suited to our customers’ needs, allowing us to develop packaging that utilises the full potential of paper in the most efficient and sustainable way possible. This is further evidence of how our expertise and relentless commitment to innovation and ingenuity continues to offer tangible benefits for our customers.”

    “The Board Referee means that we will be able to measure the performance of 50,000 products each month, giving us a unique ability to make rapid improvements to packaging board where necessary. This is part of our commitment to ensuring customers receive high performance packaging, informed by smart insight and measurement.”

    Walter De Smedt, V.P. Technical & Operational Excellence at Smurfit Kappa, said “We’re delighted to announce the use of the Board Referee across our operations, which will be vital in ensuring we’re able to continue to develop consistently high quality products. The use of Three Point Bending across all our production facilities will help to drive the packaging industry towards production processes that focus on the needs of the end-user, whereby the board is perfectly suited for use.”

    The use of the Board Referee is another example of how Smurfit Kappa is set to ‘Open the future’ for its customers. The new strategy focuses on delivering customer growth through insight and innovation. It is brought to life through a dynamic microsite, where a series of films demonstrate how customers across the world have worked in partnership with Smurfit Kappa to create innovative solutions which have driven commercial success. The new microsite can be visited at openthefuture.info, the home for new, shareable content which is updated regularly.
    (Smurfit Kappa Group Headquarters plc)
     
    07.11.2014   Sofidel once again amongst the leading companies in CDP Italy Climate Change Report 2014    ( Company news )

    Company news For the second consecutive year Sofidel, one of the leading European manufacturers of paper for hygienic and domestic use, is the only Italian not listed company to enter CDP Italy Climate Change Report 2014. The company, which improves significantly its disclosure and performance scores, is amongst the high scored companies.

    Sofidel further improves its performance in terms of completeness, transparency and quality of information and its climate change strategy in reducing CO2 emissions.
    The accomplishment was announced on the occasion of CDP Italy Climate Change Report 2014 & Leadership Awards in Milan.
    Sofidel has achieved a disclosure score of 88/100 (it was 73/100 in 2013) on the assessment of the quality and completeness of the information disclosed, and a performance band B (it was C in 2013),
    on a scale from A (highest) to E (minimum), for the efforts in reducing its CO2 emissions.
    Amongst the responding companies there has been an improvement in the CDP average score, from 66C in 2013 to 71B this year.
    For the second running year Sofidel is the only Italian not listed company to be included in the report.

    “It is a meaningful achievement that testifies our commitment to transparency and our action to tackle climate change" said Mr. Luigi Lazzareschi, CEO of the Sofidel Group.
    Carbon Disclosure Project (CDP) is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP is backed in 2014 by more than 767 institutional investors representing an excess of 92 trillion USD in assets.
    In 2014, CDP requested climate change information from the 100 largest stock-listed companies in Italy. 53 the responding companies, amongst others, Fiat, Piaggio, Pirelli, YOOX, ENI, Intesa Sanpaolo, UniCredit, CNH Industrial NV, and Enel.
    (Sofidel S.p.A.)
     
    07.11.2014   Significantly better efficiency: The new NASH 2BE5 series    ( Company news )

    Company news A vacuum level down to 100 mbar abs. and improved efficiency of up to 10%: with its new NASH 2BE5 series, Gardner Denver Nash is extending its competence in the market for liquid ring pumps with high gas flow rates.
    The NASH 2BE5 has been launched to build on the proven NASH 2BE4 series, further improving its already impressive performance. The development goal was to optimize and extend the performance the vacuum range below 300 mbar abs.
    The result: The new NASH 2BE5 series pumps are able to achieve vacuum levels down to 100 mbar abs.
    This is made possible primarily by optimization of the gas flow. The patented gas scavenger provides increased vacuum capacity and, consequently, a significant improvement in terms of efficiency. Compared to the basic 2BE4 model, water consumption in the once-through mode has been reduced by up to 25%. Improved fluid self-recirculation eliminates the need for booster pumps, which in turn creates greater energy savings.

    Service aspects were also taken into consideration during the 2BE5 development:
    Removable bearing brackets simplify on-site maintenance and help to reduce repair times. Rigidity is improved by bolt connections of the body and side shield, producing an optimum seal in compressor operation. Certification to ATEX is already in the pipeline, making this pump also suitable for use in potentially explosive atmospheres.
    The NASH 2BE5 series can be used both as a vacuum pump and a compressor. For vacuum generation, suction capacities are between 2500 and 32000 m³/h, reaching down to 100 mbar abs of vacuum.
    When used as a compressor, they achieve between 3000 and 9500 m³/h with compression of up to 2.5 bar abs.
    In terms of their outer dimensions, footprint and port sizes, the NASH 2BE5 series is identical to the basic NASH 2BE4 model, making it simple to upgrade to a new, more efficient machine at any time.

    The NASH 2BE5 series has been consistently developed in line with the wideranging requirements of the process industry. Two material options and a wide range of material combinations have made this an adaptable pump capable of addressing a wide spectrum of applications. The NASH 2BE5 is available in ductile iron and stainless steel, or a combination of these two materials. In ductile iron, the body is always supplied with a polyisoprene lining. This allows the series to be used in wide-ranging types of applications across many sectors of industry, including chemical process engineering, filtration applications, the pulp and paper industry, in power plants, refineries and many others.
    (Nash - Zweigniederlassung der Gardner Denver Deutschland GmbH)
     
    07.11.2014   Per Lundeen has been appointed acting CEO of Rottneros AB and Carl-Johan Jonsson leaves    ( Company news )

    Company news Rottneros AB (publ) hereby announces that Carl-Johan Jonsson with immediate effect leaves the company and is replaced by the board member Per Lundeen (photo) as acting CEO. The recruitment process for a permanent CEO has been initiated.

    "Rottneros is developing positively and the profit improvement program, Fokus 15, that was initiated by the board will continue. The change of leadership is based on different views on leadership and organizational development", says Rune Ingvarsson, chairman of the board, Rottneros.

    Per Lundeen is a member of the board of Rottneros since 2013. Per Lundeen has a Master of Science from Chalmers University of Technology and long experience from management roles, especially in the packaging and paper converting industry. Among others Per Lundeen was the CEO at Å&R Packaging from 2000 to 2012.
    (Rottneros AB (publ))
     
    06.11.2014   FILTREX™ Europe reinforces the bright future of nonwoven filter media    ( Company news )

    Company news The 2014 FILTREX™ conference on nonwoven filter media attracted more than 160 delegates at the conference, with a focus on automotive applications, innovation in filter media, indoor air quality, and measuring and testing methods.

    EDANA closed the 2014 FILTREX™ conference on nonwoven filter media, with thanks and celebration for the 10th anniversary of the conference. With more than 160 delegates at the conference, this 6th edition gave focus to automotive applications, innovation in filter media, indoor air quality, and measuring and testing methods.

    Speaking at the opening of the event, Pierre Wiertz (photo), General Manager of EDANA said “Once again, the whole supply chain is meeting for a unique conference focused solely on nonwoven filter media. With this our 6th edition of FILTREX™ Europe since 2004, and 3 editions already held across Asia and the Indian Subcontinent, this conference and exhibition continues to be the ‘place to be’ to hear about the Future of Filtration.”

    Wiertz continued “The challenges raised by the relative uncertainty of the global economy and geo-political situation in this second half of 2014 should not let us forget that FILTREX™ was born just 10 years ago, and has been organised every second year since then in Europe, without being too heavily affected by the fluctuating and challenging economic and business environment since then.”

    Filter media, all applications included, are the fastest growing end-use of nonwovens globally and in each continent (over 9% average annual growth both before and after the 2008 financial crisis). According to EDANA estimates, with input from global partner associations INDA and ANFA, worldwide sales of filter media represented more than 400,000 tonnes of nonwovens in 2011, and this is forecast to grow to 700,000 in 2016, with Asia more than doubling and representing almost half of the global estimated figure of 700,000 tonnes in 2016. This would mean that filter media will represent around 8% of total sales of the global nonwovens output in 2016, estimated at 8.5 million tonnes.

    Speaking at the evening cocktail, Mr Robert Glaze, President of the Brenva Institute offered a discussion on “What happened to the future? A primer for the uncertain Executive”, which addressed the uncertainty and complexity that has accompanied the rapid evolution of technologies.

    With a renewed format in 2014 to meet the changing needs of the global nonwoven filter media industry, delegates had the opportunity to hear leading spokespersons for the industry discuss the impact of regulations for fuels on the automotive filtration supply chain, and the main opportunities and challenges of air filtration media, and on the best measurements of indoor air quality.

    As part of EDANA’s ongoing support to the nonwoven filter media industry, the Association announced the 2-day Training Course on the Fundamentals of Filtration which will take place on 26th and 27th November, 2014 in Brussels. Both member and non-member companies are invited to register any newcomer to the industry.

    Closing the conference, Dr Joerg Sievert, CEO Freudenberg Filtration and Chair of the FILTREX™ Steering Committee, also invited all participants to once again join their industry colleagues at the FILTREX™ Asia conference on the 17th and 18th March 2015 in Hong Kong.
    (EDANA International Association Serving the Nonwovens and Related Industries)
     
    06.11.2014   NewPage Announces Third Quarter 2014 Financial Results    ( Company news )

    Company news NewPage Holdings Inc. ("NewPage") announced its results of operations for the third quarter of 2014.

    Net sales in the third quarter of 2014 were $796 million compared to $780 million in the third quarter of 2013. Net sales improved due to higher sales volume of paper partially offset by lower paper prices. Paper pricing is impacted by lower industry demand. Paper sales volume totaled 876,000 tons and 843,000 tons for the third quarter of 2014 and 2013. Average paper prices were $884 per ton and $892 per ton in the third quarter of 2014 and 2013.

    For the third quarter of 2014, net income was $8 million compared to $21 million in the third quarter of 2013. The decrease was the result of higher input costs, higher interest expense and lower paper prices, partially offset by lower non-cash stock compensation expense, lower pension expense and other cost reduction initiatives.

    Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization as further adjusted as shown in the attached reconciliation) was $83 million in the third quarter of 2014 compared to $85 million in third quarter of 2013.

    NewPage ended the third quarter with total liquidity of $287 million, consisting of $278 million of availability under the revolving credit facility and $9 million of available cash and cash equivalents.

    Operating cash flows were $29 million in the third quarter of 2014 compared to $7 million in the third quarter of 2013. For the nine months ended September 30, 2014, the company used $22 million of cash in operations compared to $16 million for the nine months ended September 30, 2013. The increase is primarily the result of higher input costs, driven by weather-related factors, higher cash interest and other cash charges associated with the February 2014 debt refinancing, partially offset by a reduction in cash requirements for bankruptcy-related items. Cash used for operating activities during the nine months ended September 30, 2013 includes $60 million in non-recurring bankruptcy-related payments.
    (NewPage Corporation)
     
    06.11.2014   Kazakhstan Kagazy PLC announces audited financial results for year 2013    ( Company news )

    Company news Kazakhstan Kagazy PLC (KAG LI) (the “Group”) announces its audited consolidated financial results for the 12 months period ended 31 December 20131 (the “Period”).

    Financial highlights
    -Group revenue of US$ 70.5 million (US$ 67.8 million a year ago)
    -Gross profit of US$ 32.3 million (US$ 31.3 million a year ago)
    -Gross margin of 45.8% (46.2% a year ago)
    -EBITDA before exceptional items of US$ 15.7 million (US$ 18.7 million a year ago)
    -EBIT before exceptional items of US$ 12.2 million (US$ 15.1 million a year ago)
    -Total Comprehensive loss of US$ 112.6 million (US$ 35.6 million a year ago)
    -Economic loss of US$ 6.8 million (US$ 13.7 million a year ago)
    -Operating Cash Flows of US$ 18.1 million (US$ 24.3 million a year ago)

    The Group’s revenue increased by US$ 2.7 million over the period. This was mainly attributable to the increase in revenues from the paper segment. Gross margins have remained stable.
    The Group’s EBITDA has decreased by US$ 3.0 million due to an increase in distribution costs of US$ 1.1 million, increase in staff costs of US$ 1.3 million, and an increase in provision against VAT recoverable of US$ 1.5 million. This was partially compensated by the increase in gross profit of US$ 1.0 million.
    The Group’s Total Comprehensive loss has increased by US$ 77.0 million due to a decrease in the Group’s EBITDA of US$ 3.0 million, increase in impairment charges of US$ 22.1 million, increase in finance costs of US$ 29.7 million, increase of income tax expenses of US$ 8.1 million and increase in loss of discontinued operations of US$ 23.2 million.
    The Group’s Operating Cash Flows have decreased by US$ 6.2 million, mostly caused by an increase in income tax of USD 1.2 million and legal and professional fees of USD 3.9 million.
    Operational highlights

    Paper Business
    Production of paper for the Period amounted to 55.1 thousand tons compared to 52.5 thousand tons for the same period of 2012.
    Production of corrugated packaging for the Period amounted to 98.3 million square meters compared to 97.1 million square meters for the same period of 2012.
    Sales of paper to third parties for the Period amounted to 17.6 thousand tons compared to 16.9 thousand tons for the same period of 2012.
    Sales of corrugated packaging for the Period amounted to 98.1 million square meters compared to 96.4 million square meters for the same period of 2012.
    The average selling price of paper and corrugated packaging decreased 0.7%.

    Logistics Business
    The revenue of the Logistics business only includes the revenue for our Class B warehouse, as our Class A and Container Terminal were disposed of in January 2014.
    Average occupancy of the Class B warehouses stood at 95% compared to 94% for the same period in 2012.
    Class B business revenue increased 13.8% which is mainly attributable to the increase in other value added services as terminal handling, rent of open sites and temporary storage.
    (Kazakhstan Kagazy JSC)
     
    06.11.2014   RadTech Europe Call for Papers    ( Company news )

    Company news Building the RadTech Europe conference’s programme 2015

    RadTech Europe (RTE), the European association for UV- and EB-curing technology, is inviting industry professionals to submit papers for the 2015 RadTech Europe Conference and Exhibition, scheduled for October 13 – 15 2015 in Prague, Czech Republic.

    Conference Chair Dawn Skinner comments: “The RTE Conference and Exhibition is the place to find out about the latest developments in UV- and EB-curing. Under the theme “UV/EB NOW: new place, new format, new applications” our event will focus on the latest innovations, applications and trends in radiation curing, as well as relevant legislation.”

    The deadline for submission of titles and abstracts is February 11, 2015. The conference program committee will select proposed presentations based on the scientific significance and potential value added to the industry. The best paper will be awarded the prestigious Paul Dufour Award 2015.

    For additional information on submitting abstracts and the event itself, visit www.radtech-europe.com/events/radtech15.
    (RTE RadTech Europe Office)
     
    06.11.2014   ANDRITZ GROUP: solid business development in the third quarter of 2014    ( Company news )

    Company news In the third quarter of 2014, international technology Group ANDRITZ showed solid business development in an unchanged challenging economic environment

    Sales amounted to 1,463.5 MEUR in the third quarter of 2014 and were thus below the level of the previous yearʼs reference period (Q3 2013: 1,534.5 MEUR); the decline of 4.6% is mainly due to a project-related drop in sales in the PULP & PAPER and the METALS business areas. In the first three quarters of 2014, sales of the Group amounted to 4,122.9 MEUR and thus practically reached last yearʼs reference figure (-0.5% versus Q1-Q3 2013: 4,144.6 MEUR).

    The order intake in the third quarter of 2014 amounted to 1,591.5 MEUR, which is 4.3% higher than the very good level in the third quarter of 2013 (1,525.3 MEUR). This positive development is attributable to the METALS business area, where several larger orders were secured in the metalforming (Schuler) and aluminum sectors. In the first three quarters of 2014, the order intake of the Group saw very favorable development: At 4,571.6 MEUR, order intake was 12.8% higher than in the previous yearʼs reference period (Q1-Q3 2013: 4,051.3 MEUR) – with the Schuler Group contributing 916.3 MEUR (Q1-Q3 2013: 657.8 MEUR); however, Schuler was only included in the last yearʼs reference period from March 1, 2013 (date of first-time consolidation). Excluding Schuler, the Group’s order intake would have increased by 7.7%.

    As of September 30, 2014, the order backlog amounted to 7,702.2 MEUR – an increase of 4.2% compared to the end of 2013 (December 31, 2013: 7,388.5 MEUR).

    In the third quarter of 2014, the EBITA amounted to 101.0 MEUR and was thus 44.1% higher than the low level of the previous yearʼs reference period (Q3 2013: 70.1 MEUR), which was impacted negatively by additional costs in the PULP & PAPER and the SEPARATION business areas. The Groupʼs EBITA margin also increased substantially to 6.9% (Q3 2013: 4.6%). In the first three quarters of 2014, the EBITA amounted to 234.4 MEUR (+40.4% versus Q1-Q3 2013: 167.0 MEUR) and the EBITA margin was 5.7% (Q1-Q3 2013: 4.0%).

    The net income of the Group in the first three quarters of 2014 amounted to 123.6 MEUR and was thus significantly higher than the previous yearʼs reference value (Q1-Q3 2013: 78.8 MEUR).

    On the basis of this business development, the current order backlog, and the sales contribution by the Schuler Group, which was not included in the accounts for the full twelve months in 2013, ANDRITZ expects a slight rise in sales in the 2014 business year compared to the previous year. A significant improvement is expected in the net income compared to the low level of 2013.
    (Andritz AG)
     
    05.11.2014   Domtar Corporation reports preliminary third quarter 2014 financial results    ( Company news )

    Company news Strong performance in pulp and paper drive improved earnings

    -Third quarter 2014 net earnings of $4.33 per share; earnings before items1 of $0.94 per share
    -Lack-of-order downtime totaling 51 thousand tons of paper, in-line with the second quarter
    -Share buybacks totaling $19 million

    Photo: John D. Williams, President and Chief Executive Officer

    Domtar Corporation (NYSE: UFS) (TSX: UFS) today reported net earnings of $281 million ($4.33 per share) for the third quarter of 2014 compared to net earnings of $40 million ($0.61 per share) for the second quarter of 2014 and net earnings of $27 million ($0.41 per share) for the third quarter of 2013. Sales for the third quarter of 2014 were $1,405 million.
    Excluding items listed below, the Company had earnings before items1 of $61 million ($0.94 per share) for the third quarter of 2014 compared to earnings before items1 of $40 million ($0.61 per share) for the second quarter of 2014 and earnings before items1 of $41 million ($0.63 per share) for the third quarter of 2013.

    Third quarter 2014 items:
    -Deferred tax benefit of $204 million for the settlement of IRS audits, primarily related to Alternative Fuel Tax Credits;
    -Recognition of $18 million of deferred Alternative Fuel Tax Credits ($18 million after tax); and
    -Closure and restructuring costs of $2 million ($2 million after tax).

    Second quarter 2014 items:
    -None

    Third quarter 2013 items:
    -Loss on sale of business of $19 million ($12 million after tax); and
    -Negative impact of purchase accounting of $2 million ($2 million after tax).

    "Our financial performance improved when compared to the second quarter, resulting in strong free cash flow generation", said John D. Williams, President and Chief Executive Officer. "Our pulp shipments were sequentially higher, raw material and planned maintenance costs were lower and our paper pricing remained firm in a very competitive environment. Given current market conditions, we continue to manage the business prudently, adjusting our production to our customers' demand through market-related downtime."
    "In Personal Care, our third quarter results were affected by some seasonality in our European business as well as the effect of a weaker Euro. We continued to execute on our capital expansion plans, further integrating operational and product improvements and we made good progress with the ramp up of five newly installed machines at three of our facilities."

    LIQUIDITY AND CAPITAL
    Cash flow provided from operating activities amounted to $203 million and capital expenditures were $56 million, resulting in free cash flow1 of $147 million for the third quarter of 2014. Domtar's net debt-to-total capitalization ratio1 stood at 30% at September 30, 2014 compared to 32% at June 30, 2014.

    OUTLOOK
    Domtar paper shipments are expected to decline in the fourth quarter when compared to the third quarter due to seasonality. Domtar will continue to closely monitor its inventory levels and balance its production with its customers' demand. We remain cautious on the short-term pulp outlook due to the recent strengthening of the U.S. dollar and we expect higher input costs due to increased raw material usage in the winter months. We expect the fourth quarter will benefit from lower maintenance activities in our network.
     
    05.11.2014   L.C. Paper started up PM2 rebuild by Toscotec in Besalu, Spain    ( Company news )

    Company news At the beginning of October 2014 the Spanish Company L.C. Paper 1881 has started up PM2 in Besalu, (Catalunya – Spain) after a major dry-end rebuild with Toscotec and its associate Milltech.

    The rebuild project target was mainly to reduce PM2 energy costs and improve paper machine efficiency as well as increase the production at higher tissue grades thanks to the application of TT DOES (Drying Optimization for Energy Saving) package.
    LC Paper was formed in 1881 on the back of the Industrial Revolution and is now well regarded for its production of niche tissue products contained with two tissue machines (PM2 and PM3) annually producing 65,000 tonnes of tissue for the AfH market. The main focus of the mill is toward energy saving aspects and for this reason since many years the Company has been focused on cogeneration applications.
    Already in 1993, LC Paper introduced in the mill a cogeneration plant. It was the first plant with a diesel engine of 6.5 MW in Spain that was expanded in 1999 with a second 6 MW engine.
    In 2009 LC Paper launched PM3 with a patented process that takes gas from the cogeneration plant to dry the paper by the means of an innovative hood provided already by Milltech. In 2011 the first diesel engine was sold and in 2012 LC paper installed a new gas engine. 6 MW of this energy have been used for feeding the new hood by Milltech on PM2 with a further decrease of energy consumption.

    The combined scope of supply Toscotec/Milltech featured a new double presses configuration with a rebuild of the felt run, a new TT SYD-15FT with doctoring system and a Duo-system Yankee hood, SMART eMT type from Milltech. The wet end hood is burner feeding type while the dry end hood could be fed either by cogeneration gases or by conventional burner.
    So the exhaust gases coming from a gas engine are used to generate two stages of steam (high and low pressure) through steam generators in addition to the heat recovery to pre-heat the make-up and combustion air for the hood.
    Maximum drying production with a machine trim width at reel of 3050 mm will be 130 tpd.
    With this new intervention the PM2 thermal consumption will be lowered to 1,350 kWh/t.
    The rebuild project has been successful thanks to the close collaboration between the L.C. Paper staff and Toscotec and Milltech teams which were able once more to introduce innovative solutions to the tissue production process in accordance with LC Paper business philosophy.
    (Toscotec S.p.A.)
     
    05.11.2014   Packaging Corporation of America Reports Record Third Quarter 2014 Results    ( Company news )

    Company news Packaging Corporation of America (NYSE: PKG) reported third quarter net income of $104 million, or $1.06 per share. Third quarter net income included after-tax charges for the Boise integration, debt refinancing and DeRidder mill restructuring of $20 million, or $0.20 per share, including cash charges of $6 million, or $0.06 per share, and non-cash charges of $14 million, or $0.14 per share. Excluding special items, third quarter 2014 net income was $124 million, or $1.26 per share, compared to third quarter 2013 net income of $89 million, or $0.92 per share, and second quarter 2014 net income of $114 million, or $1.16 per share. Details of special items are shown in the schedules included with this press release. Third quarter net sales were $1,519 million compared to third quarter 2013 net sales of $845 million and second quarter 2014 net sales of $1,468 million.

    Photo: Mark W. Kowlzan, Chief Executive Officer of PCA

    Excluding special items, the $0.10 per share increase in third quarter 2014 earnings, compared to second quarter 2014 earnings, was driven by increased sales volume and improved mix ($0.12), lower fuel costs ($0.02) and lower chemical and recycled fiber costs ($0.02). These items were partially offset by higher annual outage costs ($0.03), higher electricity costs ($0.02) and higher medical and worker’s compensation costs ($0.02).

    In the packaging segment, EBITDA, excluding special items, was $262 million on sales of $1,176 million. With the acquisition of Boise, corrugated products shipments were up 33% compared to the third quarter of 2013. Excluding Boise, PCA shipments were up 6.2% in total and 4.5% per workday compared to the third quarter of last year. With strong internal demand, PCA reduced its outside sales of containerboard by 19,000 tons compared to last year’s third quarter. Containerboard production was 858,000 tons, up 12,000 tons compared to the second quarter of this year.

    In the paper segment, EBITDA, excluding special items, was $56 million on sales of $313 million. Office paper shipments were up 7.3% compared with this year's second quarter, and down 5.4% compared to last year’s third quarter. Printing and converting and pressure sensitive paper shipments were up 3,000 tons compared to the second quarter, and decreased by 22,000 tons compared to last year's third quarter, as a result of the fourth quarter 2013 paper machine closures at the International Falls, Minnesota mill.

    Commenting on reported results, Mark W. Kowlzan, Chief Executive Officer of PCA, said, “This was our 8th consecutive quarter of record earnings driven by strong sales volume, record mill productivity, and mill cost reductions. The integration of Boise packaging continues to generate significant synergies, and operational improvements in White Papers have resulted in lower costs and higher margins. The conversion of the No. 3 newsprint machine to containerboard at DeRidder was completed on October 17th, two weeks ahead of schedule. The start-up of the machine is progressing as planned with no major production or quality issues so far.”
    “Looking ahead to the fourth quarter, with the Deridder machine conversion, we expect higher mill production which will allow us to reduce our outside purchases of containerboard. Corrugated products shipments are expected to be lower than in the third quarter with three less shipping days, and we also expect seasonally lower white paper shipments. Amortization of annual outage repair costs will be about $0.07 per share higher than the third quarter, and we expect seasonal increases in fuel and transportation costs. Considering these items, we expect fourth quarter earnings of $1.16 per share.”
    (PCA Packaging Corporation of America)
     
    05.11.2014   EDANA General Manager presents global nonwovens industry's successes, challenges and ...    ( Company news )

    Company news ...perspectives to Indian industry leaders

    Concensus with panelists on considerable growth potential for India’s domestic nonwovens market

    Speaking in Mumbai at the 2014 Techtextil Symposium held on October 16th and 17th, Pierre Wiertz (photo), General Manager of EDANA, reminded the Indian industry leaders and supply chain representatives for both technical textiles and nonwovens attending the event that the global growth rate of the overall production of nonwovens has outpaced that of many other industries’ output since the beginning of the 21st Century or so (and well before already), but in doing that, it had more often been following rather than outpacing the global economic growth.
    "This makes nonwovens one of the fastest growing fibre-consuming sectors, if not the fastest" remarked Wiertz " but nonwovens are not just textiles, as they can be made of many other materials such as cellulose, carbon or mineral fibres than what conventional classifications consider to be 'textile fibres'."

    Comparing the stage of developments of the various continental bases of nonwovens production and consumption, Wiertz suggested that almost exactly as the earth’s population reached 7 billion people in 2011, the world annual average per capita consumption figure of nonwovens reached an impressive and unprecedented figure of 1kg (as global nonwovens output reached 7 million metric tons). Considering the current slow-down in nonwovens growth since then, it will however probably take to 2021 or longer to double this symbolic level. "Asia will see the fastest growth rates, but while China has already reached a remarkable level of over 1kg/capita - admittedly still less than half of the European level, India is lagging behind, with less than 0.3kg, or 300g per capita" continued Wiertz.

    The panel of speakers presenting nonwovens developments in India agreed that the growth of the Indian nonwovens industry's output was poised to accelerate from the current level around 250,000 tons, but also, to shift in quality and end-uses.

    Whilst a predominant share of the lower quality spunlaid nonwovens produced go to commodities such as low-end packaging items, new production capacities of nonwovens production coming on stream in the next few years would be primarily oriented towards the essential need of India’s huge population in hygiene, medical, mobility, filtration, construction and infrastructure.

    Altogether, opportunities for the whole value chain, including the increasingly sophisticated machinery requirements, were emphasised, and the considerable local polymer and staple fibre production capacities may play a significant role in this development.

    "Eventually, the whole question of how nonwovens and nonwoven-based products are perceived (or ignored) by individual citizens and consumers, but also by media, authorities and opinion leaders, is another subject of concern, which should -and does- prompt EDANA to act with and on behalf of its member companies." said Wiertz.
    "More and better communication is required, in India like elsewhere, to convey the positive contribution of nonwovens to people’s lives and to society, but also to fight misperceptions and prejudices about their environmental impact."

    In this respect, the first two product categories of EDANA’s major project “Life with Nonwovens”, which were released at the INDEX exhibition earlier this year - infographic posters on crop-covers and geotextiles illustrating the benefits of nonwoven solutions in agriculture and road construction compared to alternative solutions - appear to be elements of the answer required in a country like India. However, action towards authorities to emphasize the low impact and compatibility of single-use articles such as hygiene and medical nonwovens in modernized waste management systems will also be required.

    “EDANA, concluded Wiertz, "is determined to support the development of the nonwovens industry in India by any suitable means”. As a result, he announced a major EDANA nonwovens conference in the first quarter of 2016, to cover market developments in all priority segments."
    (EDANA International Association Serving the Nonwovens and Related Industries)
     
    05.11.2014   UNISET – the long seller with double circumference    ( Company news )

    Company news The UNISET from manroland web systems is the world's most successful single-width newspaper printing press series with double circumference.
    Since its market launch in the early 1990s, more than 350 UNISET presses with more than 1100 printing towers have been installed around the world. The design with two broadsheet pages each in the circumference and up to three in the web width is the basis for the high productivity of the press. With the latest version, up to 80,000 newspaper copies can be produced on each web per hour. Newspaper publishers in particular appreciate the high performance and reliability of the series. Over the last few years, several Chinese printing houses have also opted for this high-quality technology. This year’s clients include the People’s Daily and Economic Daily in Beijing.

    The UNISET is particularly popular in China. Overall, more than 130 UNISET presses are currently operating in Chinese printing houses – clear evidence of the ongoing acceptance of these rotary presses by Chinese printing companies. The single width format is perfectly suited to the Chinese paper logistics chain, coupled with the particularly high productivity of the double circumference. In addition, the option of 2-page increments and single or double production make the system extremely flexible. The well-known high printing quality and reliability of manroland web systems’ presses also substantially contributes to the popularity of the UNISET. The newly ordered presses in Beijing are a continuation of this impressive success story. Guizhou Ribao, Sichuan Ribao, and Anhui Ribao were the last companies to commission presses of this type.

    Two new UNISET presses for Beijing in 2015
    The People’s Daily and Economic Daily in Beijing are the two Chinese printing companies that most recently opted for the successful 2-2 newspaper offset system. The new UNISET for the People`s Daily will take up operation at the end of this year and will be part of a completely new printing center at a new location. Other already operational printing presses will also be moved to the new building. The new pressline is already the seventh UNISET for the influential Chinese publishing house, underscoring the long-standing mutually trusting relationship. The printing company produces more than 70 different issues daily with a print run of around five million broadsheet copies. This amounts to an annual print run of 1.825 billion copies.

    Strategic approach of the Economic Daily
    Two new UNISET newspaper printing presses from manroland web systems will replace several old systems at the Economic Daily. They will commence operation in September 2015. Established in 1983, the company is striving to become one of the worlrd's largest and most influential economic newspapers. The publishing house already has 60 subsidiaries in China and more than 20 locations abroad. The Economic Daily Group includes nine newspapers, five magazines, and two publishing houses. The successful Chinese corporation also incorporates a centralized Internet portal, a printshop, and a vocational school. Currently, the Economic Daily printing house in Beijing has 220 employees and its annual print volume amounts to 100 million broadsheet pages. In Beijing, it produces 30 newspapers and magazines. In addition to the Economic Daily, its publications include, for example, China Population News, China Business News, Entertainment News, and Beijing Morning Post.

    Redesign: Smaller and more powerful
    With the redesign of the UNISET, manroland web systems has responded to the growing demand of many customers for compact presses. The latest generation offers a clear advantage with an installation height of only 480 cm for an eight-couple tower. Of course, the known advantages such as the stable construction and the optional 11-roller inking unit as the basis for sustainably high printing quality remain unchanged. One gallery level is enough for carrying out all frequent tasks on the press. The printer can use the MobilPad, the mobile control console from manroland web systems, directly on location to, for example, optimize the settings of the turner bar nest or the folder.

    Successful around the world
    The concept of producing eight broadsheet pages with single-width presses is attractive to many printing houses not only because of the high productivity of the double circumference. The application options of the UNISET range from newspaper printing in single or double production up to commercial applications for heatset and book printing. This is based on the wide variety of configuration options from pure newspaper production systems to combined presses for newspaper and book printing, up to commercial systems with heatset or UV equipment. Pin jaw folders with quarter folds and various finishing units, such as stitching and gluing devices, complement the scope of possibilities.

    Ecological and economical
    The new UNISET generation is also state of the art when it comes to sustainability.

    Up to eight percent of energy can be saved through consistent application of a single motor for 2 printing couples as opposed to a single motor per printing couple. The new technology even offers up to 13% savings compared to conventional DC drives. This way, less heat is generated in the pressroom. The use of water-cooled motors also eliminates the need for time-consuming filter replacements. Featuring component presets, automated threading-in, and automated press start-up with QuickStart, the Inline Control systems from manroland web systems considerably contribute to reducing the CO2 footprint of the system – minimizing waste always protects resources as well.

    Inside: High performance expertise of manroland web systems
    The high performance capacity of the UNISET is primarily based on the many years of experience of the manroland web systems designers in the area of printing press construction. This allows the system to produce 80,000 copies per hour from the outset, day by day, year by year. An especially high quality folding system with optimized product lead, additional product deceleration, and lighter-weight folding cylinders increases the production capacity per shift. The high printing quality of the UNISET is additionally ensured in the long run by the optional IROLOC roller supports. They use simple mechanics to compensate for the temperature-based size changes of the rollers and roller coverings. This lowers energy costs and decreases the required maintenance for the rollers by around 65% while increasing the service life of the rollers by up to one-fifth.

    Special equipment for high-end quality and heatset
    For commercial productions with particularly high printing quality requirements, the UNISET is available with an equipment package that is derived in part from the experiences with high-volume commercial offset printing with the LITHOMAN series. The ink flow is optimized by a large ink fountain roller and a larger film roller. Laser-cut ink zone meters enable precise ink profiles. The UNISET is the only series of its class that is also available with three cooled oscillating ink rollers and three ink form rollers. In addition, dryers and cooling units as well as all other system components required for heatset offset can be integrated. The UNISET is the uncontested market leader for hybrid systems with heatset.

    Constructed and tested according to international standards
    Quality and performance of the UNISET are more than mere promises. manroland web systems bases its work on the directives of internationally recognized quality standards. The presses also comply with the European safety standards. In addition, WAN-IFRA has certified repeatedly that UNISET presses comply with the IFRA quality standards.

    Conclusion
    The UNISET is designed and constructed in Augsburg, Germany, based on the same criteria as a COLORMAN. It is therefore increasingly a suitable option for European printing houses as a commercially viable means of production. The web width variability that is practically available free of charge with single-width designs can be a key purchase argument.
     
    04.11.2014   BillerudKorsnäs invests for growth in sack paper markets    ( Company news )

    Company news BillerudKorsnäs continues to act according to their growth agenda. This time with an investment of SEK 260 million at their production unit in Skärblacka that will increase the volume and improve the quality of sack papers produced there.

    The BillerudKorsnäs Board of Directors has approved a SEK 260 million investment for sack paper machine 9 at the Skärblacka production unit. The investment will further add to the quality leadership of the BillerudKorsnäs sack paper range and will also increase the capacity of the machine by 20 000 t/a up to 180 000 t/a. The investment is a part of the growth agenda Selective Growth for BillerudKorsnäs Business Area Packaging Paper.

    Paper machine 9 produces high quality brown sack papers that are used for the construction of sacks primarily for packaging of cement, other construction minerals and chemicals. Most of these papers are sold in emerging markets outside of Europe.

    - We see strong potential for our sack papers in South East Asia, where our sack paper brand QuickFill is a quality leader. In those regions, cement and other construction minerals are very often packed in plastic sacks. Sacks made out of our material offer the brand owner large benefits when it comes to production economy, but also when it comes to sustainability and health – says Johan Nellbeck, SVP Packaging Paper.

    The investment includes the head box and wire section of the paper machine and it will be carried out during 2015. For BillerudKorsnäs, the investment is an outcome of the asset review that has been conducted. It is an important step in the development of the Skärblacka production unit and follows after successful investments in energy and environment since 2012.

    As previously communicated, the BillerudKorsnäs capex levels for 2015 and 2016 will be above the depreciation level.
    (BillerudKorsnäs Skärblacka AB)
     
    04.11.2014   Catalyst Paper Corporation to purchase paper mills in Maine and Wisconsin    ( Company news )

    Company news Catalyst Paper Corporation (TSX: CYT) (“Catalyst” or the “Company”) announced that it has entered into an Asset Purchase Agreement (the “Agreement”) with NewPage Corporation, NewPage Wisconsin System Inc. and Rumford Paper Company (the “Sellers”) to purchase the Biron paper mill located in Wisconsin and the Rumford pulp and paper mill located in Maine, USA (the “Paper Mills”) for consideration of US$74.0 million, subject to certain adjustments (the “Transaction”).

    Catalyst intends to finance the acquisition through a combination of advances under its revolving asset-based credit facility (the “ABL Credit Facility”), the maximum amount of which is to be increased in connection with the Transaction. To provide additional working capital following the consummation of the Transaction, Catalyst also intends to effect a US$25.0 million offering of additional PIK Toggle Senior Secured Notes (“Additional PIK Toggle Notes”), which would form part of the same series as Catalyst’s outstanding PIK Toggle Senior Secured Notes (the “PIK Toggle Notes”).​

    Completion of the Transaction is subject to customary closing conditions, including the completion of the previously announced acquisition by Verso Paper Corp. of NewPage Holdings Inc. (the “Verso Transaction”), the execution of a transition service agreement, materials and service supply agreements, and certain other ancillary agreements relating to the Transaction, and certain regulatory approvals. There is no financing condition to Catalyst’s obligation to consummate the Transaction. The Agreement may be terminated by the Sellers and Catalyst in certain circumstances, including upon or at any time following the final uncontested termination of the Verso Transaction.

    “With this Transaction, Catalyst will be better able to serve new and existing customers through operational synergies and a more diversified and higher value suite of products,” said Joe Nemeth, President and CEO of Catalyst.

    “Our acquisition of these U.S. pulp and paper mills, once complete, will support our efforts to improve our balance sheet and enhance the Company’s long-term competitiveness,” added Nemeth.

    If the Transaction is completed, the addition of the Paper Mills is expected to increase Catalyst’s production capacity by approximately 65 per cent or 995 thousand tonnes per year. The Biron Wisconsin mill has 355 thousand tonnes capacity for lightweight coated and ultra-lightweight coated paper. The Rumford Maine mill has 510 thousand tonnes paper capacity for coated specialty, coated freesheet and coated groundwood paper, and 130 thousand tonnes Kraft market pulp capacity to produce both hardwood and softwood pulp. Efficiencies are expected to be gained as overhead costs will be distributed over a larger production base. Access to new markets and business opportunities is anticipated.

    Based on unaudited historical financial summaries prepared by the Sellers, the Paper Mills achieved total sales of US$782.2 million for the twelve months ended September 30, 2014 and US$787.1 million for the twelve months ended December 31, 2013. Total mill contribution was US$29.5 million and normalized mill contribution was US$45.6 million for the twelve months ended September 30, 2014, compared to US$72.4 million for mill contribution and normalized mill contribution for the twelve months ended December 31, 2013. Mill contribution is a non-U.S. GAAP measure of mill operating performance defined as total sales minus the cash cost of goods sold. Mill contribution was normalized for the twelve months ended September 30, 2014 for the adverse impact of extreme weather conditions and market curtailment. These figures do not include sales, general and administrative expenses which are estimated to be approximately US$10.0 million per year. Capital spending for the two mills is expected to be similar to that of our Canadian mills, approximately US$7.0 million per facility per year.
    (Catalyst Paper Corporation)
     
    04.11.2014   Agfa Graphics’ New Anapurna M2500i Global Debut at SGIA 2014    ( Company news )

    Company news The enhanced Anapurna i-series offers high productivity and quality

    Agfa Graphics announced the worldwide launch of the new Anapurna M2500i with optional automated board feeder (ABF). It has been demonstrated at the Agfa Graphics booth #2019 at SGIA 2014 in Las Vegas (USA) October 22-24. The Anapurna M2500i is the most recent i-series introduction, offering printing systems with higher productivity and quality.

    The Anapurna M2500i is a 98-inch (2.5 m) wide, 6-color plus white UV-inkjet printing system with an automated board feeder (ABF) designed for sign shops, digital printers, photo labs and graphic screen printers. The M2500i is ideal for indoor, outdoor and niche applications such as art reproductions, mouse pads, DVDs, wood, architectural and interior decorations, lenticular displays and more.
    “We are committed to helping print service providers use technology to offer their customers the widest range of print products they possibly can. We are determined to develop the technology that can help PSPs take concepts to reality in the most efficient and cost-effective ways possible,” said Willy Van Dromme, Director of Marketing Inkjet Systems, Agfa Graphics.
    The system features robust engineering for sustained higher workloads. The Anapurna M2500i offers increased print throughput while also achieving a high level of print quality. It prints on rigid and flexible media including boards/sheets, roll-to-roll and roll-to-sheet. Multiple boards or borderless printing increases productivity even more. The system’s automated board feeder also increases productivity by allowing for volume printing of small board sizes (up to five boards can be printed in parallel).
    The Anapurna M2500i features six Konica-Minolta KM 1024i Grayscale print heads for color and two KM 1024i heads for white. It prints at a maximum resolution of 1,440 x 720 dpi and has a maximum speed of 1,238 ft²/hr (115m²/hr).
    (Agfa Graphics NV Zweigniederlassung Düsseldorf)
     
    04.11.2014   Mimaki brings print production creativity to Viscom Frankfurt 2014 and My Mimaki Days ...    ( Company news )

    Company news ... events in Germany

    Mimaki, a leading manufacturer of wide-format inkjet printers, is continuing its Pan-European showcase: Let’s Create… Together. The company will be bringing its vaunted print production creativity to Viscom Frankfurt 2014, Germany, from November 5 to 7, 2014, and holding a variety of My Mimaki Days events throughout Germany in October and November.

    In Hall 3 on stand C31/D31, Mimaki’s newly-launched solutions, developed in response to emerging market needs, will highlight how adopting new technology can benefit businesses by supporting existing market segments and addressing new possibilities.

    “The print production environment has become so diverse that it is understandable how companies can be tempted to stand on the sidelines to watch how opportunities develop, unsure of how or when they can or should transform their own fortunes,” comments Mike Horsten, General Manager Marketing EMEA, Mimaki Europe B.V. “However, you can’t stand on the sidelines for too long without falling behind the competition and disappointing customers. That is why our portfolio of solutions is constantly evolving to address new and developing market opportunities. At the same time, we provide systems that help operations cost-effectively harness any commercial advantage that is possible, whether they are small or large, and no matter what their segment.”

    The Viscom revelation
    The new CJV300-130/160 inkjet printer/cutter was created to do just that. Premiered in Europe at Viscom Paris 2014, it brings simultaneous print/cut operations to this class of printer for the first time, at a print speed of up to 105.9 square meters per hour. Its two newly-developed staggered printheads deliver a wider print swath and ink drops ranging from 4 pl to 35 pl for beautiful, high-resolution printing. Continuous register mark detection enables the continuous cutting of an entire roll of media while simultaneously taking up unrolled media. Zero margin register marks reduce media consumption by eliminating the margins between register marks, for less waste of often-costly media.

    Also new to Mimaki’s technologically responsive and quickly expanding family of solutions, and available in spring 2015, is the functional entry-level Mimaki CJV150 inkjet printer/cutter. It operates at up to 56.2 square meters per hour. And the Mimaki JV150 inkjet printer, featuring solvent and water-based sublimation inks, is capable of creating a wide range of print applications, including indoor decorations, posters, shop or event decorations, and vehicle-wraps. Quick-drying SS21 orange and light black inks are available for both printers.

    “These two printers were unveiled at Viscom Italia and were received enthusiastically by attendees,” Horsten adds. “They demonstrate Mimaki’s dedication to developing leading-edge solutions for the signage and large format sectors. They also reflect our ability to deliver market-tailored solutions that enhance the creativity of our customers and their ability to deliver exceptional results, allowing them to work effectively and profitably in these demanding market sectors.”

    My Mimaki Days
    In conjunction with Viscom Frankfurt, Mimaki is rolling out My Mimaki Days across Germany in October and November. These events will be held in Hagen October 22 to 23; and Herrsching, October 27 to 28. In November, the events will be held in Berlin, 12 to 13; Hamburg and Burg Seevetal, 13 to 14; Rostock, 18 to 19; and Hagen, 24 to 26.

    My Mimaki Days is a new concept that offers a customized program for each customer’s particular interests, ranging from replacing a legacy system with new printing techniques to helping them expand their current offerings. Events are planned to cover:
    - Economic pressures and new applications with UV - LED wide-format printers,
    - Print and production of banners and promotional items,
    - ‘Print & Cut’ with flatbed printers and laser,
    - Vehicle wraps, and
    - When to use of different types of ink including UV, SUV and latex.

    Horsten concludes: “The variety of topics addressed is always a major draw for My Mimaki Days. There is something for everyone, since the issues covered touch on all of today’s primary pain points for companies seeking to offer an increasingly creative portfolio of services.”

    This year, Mimaki Germany is celebrating five years of operation as Mimaki Germany GmbH, with 26 employees in Herrsching and Hagen. Shoji Midorikawa, Director Sales & Marketing Mimaki Germany GmbH, says, "My Mimaki Days are a great way of further supporting our customers and helping them see where they can make changes that will benefit their businesses. The German market in particular is seeing a growing demand for higher quality, and we expect the introduction of the new inkjet printing systems JV33 / CJV30, JV300 and CJV300, as well as new inks, to address this demand. But we are also ready, willing and able to help companies take a deeper look at the broader business and production challenges they face to help them identify solutions to those issues while also enabling new opportunities.”
    (Mimaki Europe B.V.)
     
    04.11.2014   UV and EB are established core curing technologies – but are completely ...    ( Company news )

    Company news ... safe for use on food packaging print?

    Food Packaging Seminar Report by RadTech Europe

    The perfect recipe for radiation curing for food packaging has not yet been proposed or defined by the EU legislators. All that exists today are the GMP and Framework Regulation, as well as Swiss Ordinance, respected and now widely adopted across the food packaging supply chain, but still something less than the definitive answer. This situation was the driving force behind the Food Packaging Seminar held in Stuttgart in September by RadTech Europe, the regional association promoting the radiation curing technologies across all markets. The event drew together around 90 participants – all experienced specialists from the various disciplines related to the food packaging value chain (raw materials, printing inks, equipment, materials, and brand owners) -- to discuss and debate the proper use of radiation curing in food-safe printing, with the aim of enabling this technology -- which delivers a broad platform of benefits -- to achieve its well-deserved maximum potential.

    Market overview
    Stephen Harrod, author of many specialist market reports for Smithers Pira on aspects of packaging and print, set the scene with an overview of the global packaging market and its current ‘megatrends’. He forecast 2014 growth in the revived global economy at ±3.5%, and annual global growth to 2018 at 4%. Food packaging – a €55 billion market in 2013 – will, he said, show 2.1% real annual growth to 2018, led by the meat, fish and poultry; chilled foods (including ready meals); and fresh food and vegetable sectors. UV curing, in this dynamic environment, has much to offer: good environmental credentials (no VOCs or solvents); fast turnaround; and high performance. Barriers to its use are currently cost – in terms of inks, varnishes, and energy usage; perceived lack of ease of use; heat from standard UV lamps; healthcare ‘scares’ involving migration of print through the packaging substrate; and recycling challenges.

    Summarising, Mr Harrod drew attention to the strong growth in inkjet print. UV inkjet is already enjoying a CAGR of 14.8%, and there are considerable and continuing refinements in the technology base – printheads, inks, curing systems, android integrations, and presses. ‘Packaging is a great opportunity’, said Mr Harrod, for this versatile print technology.

    The applied chemistries
    Francis Bergiers, technical service and development specialist at Allnex, then provided a comprehensive overview of the applied chemistries involved in printing and packaging. The partner UV and EB curing inks must deliver viscosity, pigment wetting, cure speed, adhesion, flexibility, scratch resistance; and resistance to chemicals such as solvents. For food packaging print, additional requirements are low odour, no taste transfer, and low migration. All this must come, he underlined, at an acceptable price. Mr Bergiers highlighted recent innovations with particular relevance for food packaging, such as self-curing acrylates; acrylates that deliver higher purity; acrylates with an improved compromise between high molecular weight and viscosity; and the ability to achieve higher acrylate functionality whilst using lower viscosity systems.

    ‘Think like a food company!’
    With the technology base clearly explained, it was time to hear from the customer: Dr Stephen Klump, Global Head of Packaging Quality and Safety, for Nestlé. His subject was ‘Managing Risk’. He outlined the many risks associated with the many different materials which come into contact with food items. Conveyor belts, plastic moulds, pipes and hoses are among the risks involved in food processing; and packaging materials – paper, board, plastic, metal, glass, coatings, inks, and adhesives -- are risks to finished or semi-finished products, as are a host of auxiliary items, such as straws, ice cream sticks, drinks dispensers.

    Dr Klump said that ‘consumers are very aware that there are problems out there with their food’ – highlighting the recent horsemeat scandal, and reminding participants that governmental, NGO, and media coverage means that the consumer focus ‘goes viral’. In such a complex supply chain, involving many specialist suppliers of chemicals and raw materials as well as converters, packers, brand owners, and retailers, a publicly- identified safety problem can have serious consequences for a brand. Nestlé’s outstanding and continuing commitment to mitigating such brand risk through its packaging safety and compliance programme is long-established and proven, and Dr Klump adjured the assembled seminar participants to join him and ‘think like a food company’.

    The Nestlé CoC
    Suppliers across the value chain do not always deliver what they promise. If there is a problem, he said, it is the supplier’s responsibility to ‘find out before someone else finds out for you’. He listed the problems his company has experienced in the packaging arena since 1991 – a list which, of course, includes mineral oils, BPA and ITX, and odour issues. He detailed an agenda through which suppliers can ensure that they perform to the standards of the Nestlé certificate of compliance, in parallel with EU and FDA regulations and directives. All the CoC’s requirements are clearly and transparently communicated to the supplier base, and all are regularly updated.

    Testing and legislation
    The next seminar session focussed on the current status of legislation and testing, and the opportunities and threats they represent. Dr Andreas Grabitz, technical and legal expert at Eurofins Consumer Product Testing, presented two scholarly and instructive papers: the first on the principles and specialities of analytical testing of UV inks and coatings in a variety of situations; and the second on the extant diverse legal requirements relating to food packaging from a safety viewpoint, including detail on the Swiss and upcoming German Ordinances.

    European Printing Inks Association’s viewpoint
    Putting the science into action was the topic addressed, appropriately, by the Chairman of the European Printing Inks Association’s Energy Curing Work Group, Nick Ivory, who is also Technical Director of Sun Chemical. EuPIA is actively supporting the ongoing use of energy curing products in food packaging print. In this regard, he welcomed the work being done by various acrylate and photoinitiator suppliers on Dossiers for submission under the Swiss and German Ordinances, a move that will help establish more lenient migration limits for common photoinitiators and acrylates. This initiative is supported by EuPIA by supplying migration data. After detailing all the practical concerns and issues, he expressed the difficulties the industry has in pinpointing the correct way forward in the imprecise legal framework. ‘In the absence of recognised EU legislation’, he remarked, ‘it’s a bit like global warming!’ He concluded, however, that energy-curing products CAN safely be used in food packaging scenarios as long as their suitability is fully assessed.

    Low-migration inkjet inks
    Dr Marc Graindourze of Agfa Graphics focussed on low-migration inkjet ink technology for printing food packaging which, he said, is offering a whole new raft of possibilities for today’s brand owners, and is also environmentally friendly. Opportunities include mass customisation, just-in-time printing, promotions, and variable data printing – all using a print technology that is versatile, fast, reliable, and whose setup can be customised for specific applications. Agfa Graphics’ low-migration ink technology is delivering a printed result that is ‘testing positive’ for eliminating migration and set-off in a variety of food and pharmaceutical packaging applications and is a solution for direct print on to a packaging substrate – a coming solution, he said, because adding a label to packaging involves three steps, whereas direct print takes just one. The new Agfa Graphics inks will, Dr Graindourze concluded, constitute an element in an integrated system involving partnership along the supply chain.

    The carton industry speaks
    BPIF Cartons’ Technical Director, John Wilson, who is also Product and Applications Manager at Sun Chemical, completed the formal programme with a view from the mainstream packaging industry on the safe use of radiation curing. Printers in the food packaging arena choosing to take the radiation-cured low-migration inks route are facing a number of new challenges – and many questions for which they need answers both from their brand owner/retailer and their own suppliers. The BPIF are actively supporting their members with the creation of a low migration questionnaire which they can use with their suppliers as a discussion document, creating a technical focus at meetings, and exploring the new ‘barrier boards’ that the board mills are now introducing to the market. Mr Wilson admitted that BPIF Cartons are also closely following the Nestlé and EuPIA guidelines – proof that, in an industry sector where there is still no legislative clarity, the supply chain is taking the initiative and creating its own consensus.

    Summing up
    General Secretary Mark Macaré concluded that the RadTech Europe seminar ‘brought the industry closer to achieving full clearance for UV/EB curing in the food packaging segment.’
    (RTE RadTech Europe Office)
     
    04.11.2014   ANDRITZ receives order for extensive rebuild of Stora Enso's Varkaus mill, Finland    ( Company news )

    Company news International technology Group ANDRITZ has received an order from Stora Enso to rebuild the fiberline, evaporation plant, recausticizing plant, recovery boiler, and recycled fiber plant at the Varkaus pulp mill, Finland. Start-up is scheduled for the fourth quarter of 2015.

    The order is part of Stora Ensoʼs project to convert an existing fine paper machine to a containerboard machine as well as to increase capacity and energy efficiency of the pulp mill. The scope of supply includes:
    -Conversion of the fiberline to produce high-Kappa unbleached pulp, including modernization of cooking, brown stock washing, and screening systems, as well as delivery of a new blowline and new reject refiners
    -Supply of two new evaporator units, replacement of the existing evaporator lamellas in two evaporator units, and installation of a new methanol liquefaction system
    -Supply of a new LimeDry lime mud disc filter for the recausticizing plant, which will improve cleanliness and the working environment at the plant
    -Rebuild of the complete recycled fiber plant, including modernization of the ANDRITZ FiberFlow drum pulper and coarse screening plant, as well as delivery of a new screw press
    -Replacement of the boiler bank tubes in the recovery boiler and installation of a new CNCG-burner (Concentrated Non Condensable Gas)
    (Andritz AG)
     
    03.11.2014   Industry veteran brings nearly 30 years of regional experience to new role     ( Company news )

    Company news Xeikon, an innovator in digital color printing technology, announces that industry veteran Bent Serritslev has joined the company as Managing Director Xeikon Asia Pacific (ASPAC) to manage the company’s continuing growth in this dynamic region.

    Bent Serritslev, who assumed the role on October 1, studied at Copenhagen Business School and has since spent 33 years in the printing industry, of which 29 have been in Asian locations, including Hong Kong, Thailand, India, Malaysia and Singapore. Previous roles representing Gallus, Mark Andy and Heidelberg have enabled him to build up a substantial knowledge in the fields of both labels & packaging and commercial print, and to build significant relationships with key players in the region.

    “We see an unprecedented growth in the Asia Pacific printing industry. The global need for brand integrity and consistency is also in that region reflected in the requirement for enhanced print production capabilities. This means that both brand owners and printers will increasingly turn to digital production methods,” comments Wim Maes, Xeikon CEO. “Xeikon’s digital solutions offer the flexibility, quality and creativity customers in this region are looking for to help them stay ahead of developing trends. We have already enjoyed great success with our partners in Asia Pacific and are looking to extend that success even more with Bent. His profound experience and knowledge of both the region and the industry makes him the ideal leader for our expert team.”

    "I enjoy working with printers and converters, and want to understand what their challenges are and where the market opportunities lie,” Serritslev states. “I’m dedicated to help them offer the best service possible to support their current clients and further grow their customer base. I’m very excited to join Xeikon in this role and to leverage its heritage of innovation in the world of digital printing to benefit both current and prospective customers in the region. In my new role, I will oversee significant investments by Xeikon in its regional presence, including expanding the team and enhancing the current business infrastructure.”
    (Xeikon Manufacturing NV)
     
    03.11.2014   Kimberly-Clark Announces Details for Completion of Kimberly-Clark Health Care Spin-Off    ( Company news )

    Company news Kimberly-Clark Corporation (NYSE: KMB) announced the record date, distribution date and distribution ratio for the previously announced tax-free spin-off of its health care business. The spin-off will form the new publicly traded company, Halyard Health, Inc. Kimberly-Clark also increased its 2014 share repurchase program to take into account expected proceeds as a result of the spin-off.

    Photo: Thomas J. Falk, chairman and chief executive officer of Kimberly-Clark Corp.

    Kimberly-Clark shareholders will receive one share of Halyard Health common stock for every eight shares of Kimberly-Clark common stock held as of the close of trading on Oct. 23, 2014, the record date for the spin-off. Kimberly-Clark shareholders will receive cash in lieu of any fractional shares. The spin-off is expected to be effective as of the end of the day on Oct. 31, 2014, the distribution date for the spin-off, with 100 percent of the shares of Halyard Health distributed to Kimberly-Clark shareholders.

    Before completion of the spin-off, Halyard Health expects to make a one-time cash payment to Kimberly-Clark. As a result, Kimberly-Clark is increasing its 2014 share repurchase target to $2 billion, up from its previous plan of $1.3 to $1.5 billion.

    "The spin-off will let Halyard Health pursue its own value-creation opportunities as a focused healthcare company," said Thomas J. Falk, chairman and chief executive officer of Kimberly-Clark Corp. "Looking ahead, we continue to be optimistic about our prospects to deliver strong returns to shareholders through successful execution of our Global Business Plan."

    Halyard Health has applied to list its shares on the New York Stock Exchange (NYSE) under the symbol "HYH." Kimberly-Clark expects that a "when-issued" public trading market for Halyard Health common stock will begin on the NYSE on or about Oct. 21, 2014, under the symbol "HYH WI" and will continue through the distribution date. Halyard Health common stock is expected to begin "regular way" trading on the NYSE on Nov. 3, 2014, the first trading day following the distribution date.

    No action is required by Kimberly-Clark shareholders to receive shares of Halyard Health common stock in the spin-off. Beginning on or about Oct. 21, 2014, through the distribution date, it is expected that there will be two ways to trade Kimberly-Clark common stock — either with or without the right to receive Halyard Health common stock in the spin-off. Investors are encouraged to consult with their broker and financial and tax advisors regarding the specific implications of buying or selling Kimberly-Clark common stock on or before the distribution date.

    The spin-off and the distribution of Halyard Health stock is subject to the U.S. Securities and Exchange Commission (SEC) having declared effective Halyard Health's registration statement on Form 10. In addition, the spin-off is subject to conditions set forth in a Distribution Agreement between Kimberly-Clark and Halyard Health, the form of which is filed as an exhibit to Halyard Health's registration statement on Form 10.
    (Kimberly-Clark Corp.)
     
    03.11.2014   Forward-looking investment despite a difficult market environment: Kelheim Fibres further ...    ( Company news )

    Company news ...strengthens its speciality fibre business

    Kelheim Fibres, Bavarian manufacturer of viscose speciality fibres, steadily continues to implement their innovation strategy. This is further confirmed by the expansion of production line 1 for the production of wet tow and wet short cut fibres in addition to the current capability of dry tow and therefore dry short cut fibres.

    With this investment, Kelheim Fibres is extending its short cut capacity by further 2000 tons per year and will be in a position to deliver even more flexibility when it comes to a rapid reaction to specific customer demands.
    “In the currently difficult market environment, this investment in our plant is a clear statement”, so says Sebastian Basel, Kelheim Fibres’ Business Manager for short cut fibres. “Today, we are the only European manufacturer of short-cut viscose fibres for paper applications, of dry tow for stretchbreaking and of wet tow – and in the future, the name Kelheim Fibres will stand even more for innovative speciality fibres. The conversion of our line 1 is a major step towards our goal of increasing the share of speciality fibres in our portfolio to more than 80%. And we remain fully focused on that
    goal.”

    With this investment and the expanded capacity for the production of short cut fibres, Kelheim Fibres intends to meet the rapidly growing demand for modern, tailor-made filtration products, and score points in the hygiene Industry, particularly when it comes to flushability. Here, Kelheim Fibres further benefits from its long-standing position as world market leader for hygiene fibres for tampons.
    (Kelheim Fibres GmbH)
     
    03.11.2014   A Prizewinning Product with a Prizewinning Label by FINAT    ( Company news )

    Company news Rhyton Cretan Thyme Honey is a winner on two different fronts: as a first-quality speciality gastronomic product, and as an outstanding example of how to label and pack such a product. Brought to market by Rhyton – a Greek co-operative supporting gastronomic products from a network of local producers – the honey is a perfect marriage of flavour and good looks.

    Awarded a Golden Star in the Great Taste Awards for 2014 – for the second year running -- Rhyton Cretan Thyme Honey joins an exclusive club, because the UK Guild of Fine Food’s annual international taste index of speciality foods and beverages is widely recognised as the ‘foodie Oscars’. But that is not all. In the annual international FINAT Label Competition, promoted by Europe’s label industry association, Rhyton Cretan Thyme Honey’s self-adhesive label, printed by the Greek self-adhesive label specialists N. Cabas S.A., took first prize in the food products category.

    Sometimes less is more
    This particular award was indeed proof that sometimes less is more, because the label employed just two colours on a silver substrate to deliver the premium, luxury result.

    Tony White, chairman of the judging panel for the FINAT Label Competition, explains the jury’s thinking: ‘This is a really nicely printed label. The chosen typeface and the two Pantone® ink colours really complement the design without subsuming it, and the choice of a PP film substrate is a practical choice for moisture-resistance and wipe-ability. In recent years we have seen a lot of Cabas’ work in the Label Competition – winning many category and group awards – so their success in this year’s prizewinners’ lineup is no surprise.’

    Printed by rotary letterpress on UPM Raflatac’s PP Silver Gloss TC50 self-adhesive labelstock, and protected by a matt UV varnish, the label also contributes a valuable security feature: a tamper-evident seal over the jar lid. Comments Panos Cabas, General Manager of Athens-based Cabas S.A.: ‘Rhyton Cretan Thyme Honey’s label design represents the collection of pollen and nectar from the flower by a bee. The visualization of this process becomes the identity of this exquisite honey, and accompanies it to every destination.

    ‘Our challenge was to help the product stand out with a label that would enable the illustration to be the protagonist. So we printed on a gloss polypropylene labelstock that provided a neutral, pearly (yet sophisticated) background, and used just two colours – one simulating the color of honey for the small, yet significant, details, and the other black, for the rest of the “story” – in order to achieve the desired final outcome. The label was then finished with a matt varnish to ensure an equable visual outcome from every angle.’

    Shared standards of excellence
    Rhyton’s representatives, Michalis Arkopoulos and Nikos Mexis add: ‘We share the same standards and passion for excellence and quality with our co-operators Cabas, and we are proud to see our common values awarded.’

    Tony White concludes: ‘It is always a pleasure to see the functional qualities of a self-adhesive label – high-quality print, clean, accurate diecutting, and perfect on-pack positioning and application – partnered by first-class, thoughtful decorative qualities.’

    Rhyton Cretan Thyme Honey is available in specialty food shops across Europe. For full details of the 2014 winners’ lineup in the FINAT Label Competition visit www.finat.com.
    (FINAT)
     
    03.11.2014   APP welcomes PEFC's endorsement of Indonesian Forestry Certification    ( Company news )

    Company news Asia Pulp & Paper (APP) welcomes the decision by the Programme for the Endorsement of Forest Certification (PEFC) to officially endorse the Indonesian Forestry Certification Cooperation (IFCC)’s Sustainable Forest Certification Management scheme. The inclusion of IFCC’s scheme within the world’s largest forest certification programme, marks an important step forward for Indonesia’s forestry sector as it provides IFCC with an additional layer of scrutiny and endorsement that is recognisable around the world.

    The endorsement follows a rigorous assessment process involving comprehensive, multi-stakeholder processes at national level with all standard requirements meeting or exceeding the environmental, social and economic requirements of PEFC’s Sustainability Benchmarks.

    Aida Greenbury, APP’s managing director of sustainability, said: “This endorsement is great news for Indonesia as it will open up more markets for sustainable Indonesian forestry products. It means that global customers can buy from Indonesia, in the knowledge that what they are buying has been sourced sustainably to global standards. PEFC is widely recognised around the world and IFCC will now benefit from that recognition.

    “Since the introduction of the IFCC standard, we have been working on an action plan that will lead to the certification of our supplier concessions. This will improve the competitiveness of our business internationally, while also providing our customers with an invaluable extra layer of reassurance.”

    Dradjad H Wibowo, Chairman of the IFCC, said: “Finding the right balance that protects forests and the people who depend on them is critical to achieving long term sustainability. We have benefitted from the involvement of a wide range of stakeholders in the development of our national forest certification scheme towards this ambitious goal, and the endorsement by PEFC confirms that we are in alignment with globally recognized Sustainability Benchmarks.

    “Forest owners and companies are now able to demonstrate their good practices through certification and to gain more trust of the marketplace. Indonesia recognizes the importance of sustainable forest management, and we encourage buyers globally to take a second look at certified forest products from Indonesia and to reward those who are committed to safeguarding our forest resources.”

    In February 2013, APP introduced its Forest Conservation Policy, which saw the business introduce a moratorium on natural forest clearance with the aim of ensuring zero deforestation throughout its supply chain. Following this, in April 2014, the company committed to support the protection and restoration of one million hectares of forest in Indonesia.

    Aida Greenbury added: “Sustainability certifications such as PEFC act as a benchmark that customers can trust, but as an industry leader, we aim to go beyond certification standards as we seek to ensure our products are as sustainable as they can be. That’s why we are committed to Zero Deforestation* and will continue to work with the many stakeholders operating in Indonesian landscapes to ensure our forests have a sustainable future.”
     
    31.10.2014   Robustness and precision for a flawless embossing    ( Company news )

    Company news OMET is rightly proud of the technology inside its tissue converting machines dedicated to the production of napkins, which stand out for their quality and precision of execution. The embossing is no exception.

    A key aspect in the production of napkins is the embossing, or the process during which the tissue passes through the embossing cylinders that ‘mark’ the texture of the napkin with the aim to make the veils that compose it match, and make the napkin softer and more compact. The embossing units on OMET’s machines, with differences depending on the model, work at a rated speed of 800 meters per minute with a production capacity ranging from 2800 to 6000 napkins per minute.

    The sturdy construction of OMET machines dedicated to the production of disposable paper napkins and towels enhances the embossing process and guarantees results characterized by extreme accuracy, as confirmed by the most important manufacturers on the market. The possibility to lubricate the gears through the presence of oil tanks, the on board cylinder setting system that aims at making the machine as more rigid as possible, and the presence of a single independent motor, are the result of decades of experience that brought OMET to be a reference in the market. The trust in OMET is mainly due to the reliability and durability of its machines, but also to the quality and the ease of use of in-line embossing, always a phase of the production of napkins considered crucial in order to obtain an excellent finished product. Only the embossing groups of OMET machines offer a great vibration control thanks to the wide production experience related to more than 700 lines of converting, which ensures consistency of process and high-quality production, reducing errors to a minimum.

    Since 2012 there is a new system of cassette micro-embossing that allows to speed up the printed job changeover thanks to a system for the rapid replacement of the rotary cylinders. The efficiency of the machines is enhanced, besides the fast changeover, by the presence of a performing cleaning systems in-line.

    The wide range of options and the ability to configure the machine according to the customer's needs are the strengths of OMET, together with the great attention to details that improve the performance of the machine and the quality of the napkin. These include the careful selection of raw materials, the attention in the choice of suppliers of components and, finally, the control of all the construction, testing and start-up phases of the machines.
    (Omet S.r.l.)
     
    31.10.2014   Given the choice, consumers choose the envelope - FEPE Congress, 2‐4 October 2014, Krakow    ( Company news )

    Company news Consumers want the right to choose on how they are contacted by banks, utility providers and other service companies, and very often that choice is via the envelope. This was the message at FEPE’s 57th Congress of the European Federation of Envelope Manufacturers (FEPE), held in Krakow from 2-4 October 2014.

    David Gold from Royal Mail group in the UK presented the “Keep Me Posted” campaign, a partnership of representatives from charities, interest groups and business fighting for the consumer’s right to choose how they are contacted. “Service providers are now starting to see the merit of being associated with the campaign” said Mr Gold. “With 81% of adults wanting to choose how they receive information, giving consumers choice in how they are communicated with rather than pushing their customers online by default is not only right thing to do, but better for their business ” he concluded.

    The untapped potential of administrative documents
    As the paper and envelope industries struggle with falling paper mail volumes in the face of digitalization Philippe Coppé from bpost in Belgium introduced an innovative idea to slow this decline. Bills and bank statements are valuable documents but they rarely meet consumers’ needs. Working with major companies, bpost has developed “RelatioMail”, a project to add value to administrative documents, such as bills. In depth rethinking and redesigning of these documents has led to improved ergonomics, readability and impact. Setting and integrating business objectives was also key to the process. So far several major utility companies have adapted their invoices using this new approach, with impressive results.

    The envelope business moves with the times
    Ann Galland´s (Galland Strategies) message to envelope manufacturers was that as digital disruption does happen anyway, “you will be better off if the company cannibalizing your business through change is your own”. In that respect Maynard Benjamin from the Global Envelope Alliance set out his vision of where the industry is now and what it needs to do to stay successful in the future.
    As postal operators are forced to change their business models as letter mail business drops, envelope manufactures will similarly have to reshape and adapt by becoming more diverse manufacturers. New technologies such as QR codes, Augmented Reality and Geofencing offer opportunities waiting to be exploited by postal operators and customers alike. “We must remember that mail is important. It is a physical medium that is sensory and consumers like and want to use the mail” Mr Benjamin concluded.
    Russell Croisdale from UK based Encore envelopes further elaborated on this theme by presenting facts of figures from the past 5 years and a forecast for the future. Despite several years of falling mail volumes this decline is slowing down overall.
    Summing up the congress FEPE President Thomas Schwarz remarked that despite the continuing economic difficulties and the challenges presented by the shift to digital communication, the envelope industry had reason to be positive. “Initiatives such as Keep me posted in the UK and RelatioMail in Belgium prove that envelopes and paper communication still have a part to play in today’s world, and what’s
    more consumers agree too!”

    Next year´s FEPE congress will take place from 29-31 October 2015 in Sevilla.
    (FEPE Federation Européenne des Producteurs d'Enveloppes)
     
    31.10.2014   UPM Interim report Q3/2014: UPM achieves EUR 200 million profit improvement target ahead of ...    ( Company news )

    Company news ...schedule, Net debt at lowest level in 15 years

    Q3 2014 compared with Q3 2013
    • Earnings per share excluding special items were EUR 0.32 (0.26), and reported EUR 0.34 (0.26)
    • Operating profit excluding special items increased to EUR 235 million, 9.7% of sales (194 million, 7.8% of sales), due to the success of the profit improvement programme
    • EBITDA was EUR 346 million, 14.3% of sales (311 million, 12.6% of sales)
    • The full targeted annualised cost savings of EUR 200 million were achieved in Q3 2014, ahead of schedule

    Q1–Q3 2014 compared with Q1–Q3 2013
    • Earnings per share excluding special items were EUR 0.85 (0.64), and reported EUR 0.95 (0.57)
    • Operating profit excluding special items increased to EUR 617 million, 8.4% of sales (476 million, 6.4% of sales), due to the success of the profit improvement programme
    • EBITDA was EUR 957 million, 13.0% of sales (853 million, 11.4% of sales)
    • Growth projects progressed in UPM Biorefining, UPM Paper Asia and UPM Raflatac
    • Strong operating cash flow at EUR 779 million (473 million), net debt decreased to EUR 2,726 million

    Jussi Pesonen (photo), President and CEO comments on the result:
    UPM posted a strong third quarter 2014 thanks to the success of the profit improvement programme and very good operational efficiency in all businesses. I’m particularly pleased with our cash flow performance and balance sheet as this provides the foundation for both dividend growth and the ability to continue the transformation of the company.
    Our new business structure has been operational for 12 months now and the profit improvement programme we started with the new organisation has been completed ahead of schedule. These 12 months have shown that this organisation is capable of delivering results. Our operating profit has improved by 21% compared to Q3 in 2013 and by 30% during the first nine months of 2014.
    Compared to Q3 2013, UPM Paper ENA (Europe and North America), UPM Paper Asia and UPM Plywood were all successful in their efforts to improve profitability and lower costs. In UPM Paper ENA, the operating profit also included energy-related refunds in Europe.
    In UPM Biorefining, flawless operational efficiency enabled a good result despite the headwind from prices.
    In addition, UPM Raflatac managed to increase its operational efficiency and delivery volumes.
    In UPM Energy, profitability continued on a good level.
    We have reached our 200 M€ profit improvement target ahead of schedule, and we have identified further improvement potential. Also the growth outlook, particularly in Europe, remains weak. Therefore, it is time to set a new profit improvement goal. We are preparing a new plan including fixed and variable cost savings. We are analysing the means and tools at our disposal and will communicate a new profit improvement target in the next few weeks.
    As for our strategic growth projects, we are well on track in terms of achieving our target of EUR 200 million of additional EBITDA.
    The Lappeenranta biorefinery, the first of its kind in the world, will start producing clean, advanced renewable diesel during the fourth quarter. In Pulp, the construction works at the Kymi mill extension are on schedule. Investments in both wood-free speciality grades and labelling materials in China, as well as UPM Raflatac’s expansion in the self-adhesive labels are also making solid progress.
    Overall, UPM is in a strong position to undertake future opportunities. We have a new profit improvement programme in preparation and our growth projects proceed well. Furthermore, our cash flow and balance sheet are very strong, enabling the continuing transformation of the company,” said Pesonen.

    Outlook for 2014
    Growth in the European economy has been modest in 2014, but has improved over last year. The outlook for economic growth in Europe has weakened somewhat during the autumn. In the US, growth has been stable at a moderate level, whereas growth is expected to continue in the developing economies.
    This environment is expected to be supportive for the global pulp and label materials demand, as well as paper demand in Asia. The graphic paper demand in Europe is expected to decline moderately. The current hydrological situation in Finland is below the long term average level. Based on forward prices, electricity prices in Finland in H2 2014 are expected to be slightly lower than in H2 2013.
    UPM’s business outlook is broadly stable.

    In H2 2014, UPM’s performance is expected to be underpinned by similar or slightly better performance in UPM Paper ENA, UPM Paper Asia, UPM Raflatac, UPM Plywood and UPM Energy, when compared to H2 2013.
    UPM Biorefining’s performance in H2 2014 compared to H2 2013 continues to be impacted by lower chemical pulp prices. Commercial production of renewable diesel at the Lappeenranta refinery is expected to start during Q4 2014, but the impact on UPM Biorefining’s earnings during H2 2014 is expected to be minor.
    Q4 2014 is expected to be impacted by seasonally higher fixed costs, the year-end stoppages in the company’s paper mills when compared to Q3 2014.
    (UPM)
     
    31.10.2014   Catalyst to take temporary curtailment at Powell River    ( Company news )

    Company news Catalyst Paper (TSX:CYT) announced the temporary curtailment of one of three paper machines at its Powell River mill, removing capacity of 6,500 tonnes of specialty paper grades from the market.

    This curtailment reflects Catalyst’s strategy to match production with domestic market demand and inventory.

    The Powell River No. 9 paper machine will be idled on October 31 for three weeks. Additional downtime may be taken later in the quarter based on market demands.

    Catalyst is working closely with employees to balance labour and production time to mitigate potential for seasonal layoffs.

    “We continue our focus of matching production to customer orders,” said Joe Nemeth, President and Chief Executive Officer. “This curtailment is not expected to impact existing customer orders.”
    (Catalyst Paper Corporation)
     
    31.10.2014   Analysis of ZELLCHEMING-Expo 2014 now available    ( Company news )

    Company news The results of the exhibitor and visitor survey prove ZELLCHEMING-Expo as an important dialogue platform for the European pulp and paper industry.

    - 169 domestic and international exhibitors
    - 1,658 visitors, thereof 22% from abroad
    - 87% of the visitors found products and solutions at the Expo
    - 88% of the visitors intend to participate in the upcoming event

    Read the analysis with detailed information on the structure of visitors and exhibitors:
    Analysis


    Take advantage of this source of information and prepare your next Expo participation in a targeted manner.

    We are looking forward to seeing you at ZELLCHEMING-Expo 2015.
    (Verein der Zellstoff- und Papier-Chemiker und -Ingenieure e.V. - Verein ZELLCHEMING)
     
    31.10.2014   China Paper 2015 maintains its position as China's premier Pulp and Paper event     ( Company news )

    Company news With the success of the 2014 edition, China Paper 2015, the 22nd edition of the event will be held in Shanghai on October 14-16, 2015, and will continue in the leading position as the most important Pulp and Paper event in China.

    China Paper 2014, held this past September in Shanghai, attracted over 2,000 professional attendees from over 38 countries with about 100 international exhibitors from throughout Asia, Europe and the U.S., including key Scandinavian companies. China Paper in its 22nd edition is recognized globally as China’s premier international conference and exhibition.
    The world class conference, created with RISI and Shanghai TAPPI, presented the latest technological advancements in the Pulp and Paper industry. The exhibitors displayed machinery, emerging technologies, chemical and other products and services critical to the pulp and paper industry.

    China Paper 2015 will feature wider participation from national and international exhibitors and attendees, an expansion of the product profile and additional support from government and association sponsors. There will be mill visits, special networking programs and pre-planned matchmaking meetings set-up between mill managers and exhibitors and an even stronger forum.

    The exhibition is currently 60% sold out and we expect a total sellout.
    (Adforum AB)
     
    30.10.2014   Cascades, the Québec government and Rackam inaugurate a major solar park in Kingsey Falls     ( Company news )

    Company news Pierre Arcand, Minister of Energy and Natural Resources and Minister responsible for the Northern Plan, Mario Plourde, President and Chief Executive Officer of Cascades, and Mathieu Chagnon, President of Rackam, inaugurated the Alain-Lemaire Solar Park, which will supply energy to Cascades' units in Kingsey Falls.

    Cascades and Rackam started work on the ground-level facility in June, installing a powerful concentrated solar power (CSP) system with a surface area of 1490 m 2 on a 4000 m 2 lot, with the aim of reducing the consumption of natural gas used to produce the hot water required for operations at the industrial complex. The project is a first in the pulp and paper industry.

    Financing for the $1,073,830 project came in part from a $463,500 grant from the Ministère de l'Énergie et des Ressources naturelles du Québec. The funding came from the former Energy Innovation Assistance Program (PAIE), now part of the Technoclimat Program. Gaz Métro was also involved in the project, contributing $76,000 through its Innovation Program.

    "The completion of this project is the logical outcome of the vision the Québec government has adopted concerning green energy. We are making significant efforts to support the development of new sources of clean energy, and to encourage the business community to employ these innovative energy-producing technologies. I am proud to see that our efforts are bearing fruit. The project we are inaugurating today demonstrates the skill and ingenuity of Québec entrepreneurs who are moving forward with innovative technologies that will have positive impacts on both our economy and the environment," stated Minister Arcand.

    "With the commissioning of the Alain-Lemaire Solar Park, Cascades is once again at the forefront of sustainable development, reaffirming its position as a leader in energy efficiency," said Mario Plourde . "This project, built on the values instilled in the Company by the Lemaire brothers for half a century, will also encourage the new generation of entrepreneurs and the continued development of green technologies. We hope that this initiative will inspire other businesses to follow suit."

    "The solar park in Kingsey Falls is the only facility of its kind in Canada , which is proof of Cascades' leadership and innovative spirit," said Mathieu Chagnon . "Rackam rose to the challenge to successfully develop this new solar technology. The results are extremely satisfying: more than 1490 m 2 of mirrors will produce over 1 MWh per year, allowing the solar park to supply high-quality energy to the Kingsey Falls industrial complex."

    The facility will produce more than 4440 GJ a year, which will be used to heat 87 500 m 3 of pressurized water to a temperature of 106 o C to 118 o C, thus saving 139 700 m 3 of natural gas annually.

    This reduction in the consumption of natural gas will also allow Cascades plants to reduce greenhouse gas (GHG) emissions by more than 265 equivalent tonnes of CO 2 per year, or 5300 tonnes of CO 2 over 20 years.
    (Cascades Inc.)
     
    30.10.2014   Diversification to BillerudKorsnäs branded corrugated carton trays by ...    ( Company news )

    Company news ... relying on Esko prepress and digital finishing Solutions

    Parksons Packaging, India’s leading monocarton company has diversified into the production of SoliQ™ branded corrugated carton trays under license from BillerudKorsnäs (Sweden). Designed specifically for fruit and vegetables, the special SoliQ marked corrugated boxes are manufactured according to stringent quality standards ensuring that the contents are protected throughout their supply chain.

    Parksons Packaging’s diversification into this new vertical of branded corrugated cartons means investing in new equipment for corrugation, multi-color flexographic printing and slotting and creasing at the Chakan plant in Western India. However, its design and sample making infrastructure was already in place as Parksons is a long-time user of Esko software including ArtiosCAD for the structural design of folding cartons. Parksons Chairman Mr. Ramesh Kejriwal says, “The Esko prepress system with ArtiosCAD software helped us in building our packaging design facility into a vibrant innovation center called DESIGN PARK.”

    The diversification from offset to flexography and the change from folding cartons to printed corrugated trays have been smooth because of the familiarity and confidence in Esko software tools and sample making hardware. Parksons Packaging was the first Indian packaging converter to install a Kongsberg XL Series sample maker when it was launched in 2001. Having found the first Kongsberg XL most reliable, the saga of trust has continued with Parksons’ installation of the newly launched Kongsberg V20 sample making table for the new diversification project.

    “The new sample maker was essential because of the larger size needed for the sampling of corrugated cartons,” says Mr. Kejriwal. “Its immense robustness and flexibility means that it can cut and crease samples and short runs of both folding cartons and special corrugated cartons. The Kongsberg V20 can handle materials of sizes up to 1750 x 1650 mm. Its flexibility means that we can cut rubber blankets that are needed for the spot varnishing of folding cartons but we can also cut flexographic plates for mounting on our new multi-color flexo printer slotter. Our familiarity with the use of multiple Esko sample makers at our several plant locations made it a natural progression to the Kongsberg V20 when we were contemplating sample making for the corrugation business.”

    Parksons has the complete prepress and workflow software from Esko to drive both folding carton and corrugated carton production. “The Esko prepress software has been the backbone of our folding carton production,” explains Mr. Kejriwal. “Thus the prepress and design infrastructure was in place and our familiarity and confidence in the appropriate tools and particularly in ArtiosCAD, helped us with our diversification. With the knowledge that Esko has of the flexo workflow we were encouraged to extend their prepress system to our diversification in the corrugation business. It’s simply a combination of leading-edge software and in the case of the sample maker, hardware - reliability and trust.”

    Srihari Rao, Esko’s Director of Sales for India recalls the strong relationship with a pioneering and ever-growing partner: “We highly value our long relationship with Parksons Packaging. As this company continues with expansion and diversification to new locations and new segments, it can count on us at Esko as trusted partners. We’ll help Parksons Packaging to leverage its human resource and investment in our prepress and workflow technology”.
    (Parksons Packaging Ltd)
     
    30.10.2014   Mondi Group: Interim management statement    ( Company news )

    Company news This interim management statement provides an update on the financial performance and financial position of the Group since the half year ended 30 June 2014, based on management accounts up to 30 September 2014 and estimated results for October 2014. These results have not been audited or reviewed by Mondi’s external auditors.
    Audited results for the year ending 31 December 2014 will be published on or around 24 February 2015.
    Except as discussed in this interim management statement, there have been no significant events or transactions impacting either the financial performance or financial position of Mondi Group since
    30 June 2014 up to the date of this statement.

    Group Performance Overview
    Third quarter underlying operating profit of EUR 174 million was in line with management’s expectations, comparable to the prior year period and 10% below that of the previous quarter.
    Like-for-like sales volumes were broadly in line with the comparable prior year period.
    Previously announced price increases were successfully implemented in a number of the Group’s key Packaging Paper markets, with increases implemented for unbleached kraft paper from the beginning of the third quarter, recycled containerboard from August and unbleached kraftliner from September.
    Wood costs were lower on average than the previous quarter whilst paper for recycling costs were at similar levels.
    The business continued to benefit from its investments in energy related capital expenditure and lower European natural gas prices.
    During the quarter, the major annual maintenance shuts scheduled for the Group’s uncoated fine paper and containerboard facilities were completed according to plan. The major kraft paper maintenance shuts are scheduled for the fourth quarter. The impact on third quarter underlying operating profit from these shuts is estimated at around EUR 30 million. Based on prevailing market prices, the fourth quarter impact will be around EUR15 million to EUR 20 million.

    The South Africa Division benefited from the stronger US dollar on its export sales whilst the weaker Russian rouble had a negative impact on
    the more domestically focused Russian businesses. The recent strengthening of the US dollar relative to the euro should support
    European pricing in packaging grades and provide a net benefit to the Group’s export businesses.
    The Group continues to monitor the developments in Russia and the Ukraine, however these have had minimal direct impact on operations to date.

    Reorganisation of business segments
    During the quarter, the Group refined its organisational structure, which has resulted in several changes within the Group’s segmental reporting.
    The most significant of these changes were the:
    -transfer of the release liner business from Fibre Packaging to Consumer Packaging to take advantage of identified synergies in customer relations, innovation and the global footprint of these businesses ; and
    -transfer of the 40,000 tonne per annum kraft paper machine at the Ruzomberok mill from Uncoated Fine Paper to Packaging Paper.

    The restated segmental information is included as an appendix to this statement. The reorganisation had no impact on the overall Group result.

    Divisional Overview
    The Packaging Paper business saw selling price increases across a number of key grades. Unbleached kraft paper price increases of between EUR 30/tonne and EUR 40/tonne were implemented from July. Price increases for unbleached kraftliner and recycled containerboard of between EUR30/tonne and EUR 40/tonne were achieved in steps during
    August and September.
    Prices for white-top kraftliner and speciality kraft paper were stable.
    During the quarter, the Group announced the intention to close one of the two speciality kraft paper machines at its Lohja mill in Finland with capacity of 30,000 tonnes per annum. Closure and restructuring costs amount ing to EUR 6 million were recognised as a special item.

    Fibre Packaging continued to perform well, with good year-on-year margin development in both Corrugated Packaging and Industrial Bags.
    Increasing paper input costs in the Corrugated Packaging segment and seasonally weaker demand in Industrial Bags are expected to put some
    pressure on margins in the fourth quarter.
    During the quarter the sub-scale Moderbrugg corrugated packaging plant in Austria was sold.
    The integration of the recently acquired Graphic Packaging industrial bags business in the US is progressing according to plan. Various restructuring activities have been announced, including the closure of a plant in Philadelphia. The closure and restructuring costs, which will be reflected as a special item, are estimated at EUR 13 million.
    Profitability in Consumer Packaging improved from the previous quarter, although the weak trading conditions in Europe continued to impact this business. A relocation of the head office activities of the business unit was implemented and costs amounting to EUR 12 million reflected as a special item.
    (Mondi South Africa Division)
     
    30.10.2014   Iggesund Paperboard: Bold action to improve service     ( Company news )

    Company news Iggesund Paperboard is now taking bold action to improve its service. The company offers its customers a wide range of services but most important is its delivery service. Like most other paperboard manufacturers, Iggesund – and not least its customers – has suffered from delivery times that have varied considerably.

    Photo: "Our service exists so that customers can get the most out of Invercote and Incada,” emphasises Arvid Sundblad, Vice President Sales and Marketing for Iggesund.

    “Having a capacity utilisation rate of almost 95 per cent makes you very sensitive to fluctuations in demand, especially when that demand increases,” explains Arvid Sundblad, Vice President Sales and Marketing for Iggesund. “In the past we’ve had a number of such experiences and we don’t want either ourselves or our customers to go through that again.”

    A logistics team has been working for a couple of years to gradually improve the situation. Just over six months ago Iggesund launched the greatly modernised support system that forms the foundation for the improved delivery service.

    “The change of systems was so radical that it was about the same as doing a heart-lung transplant plus a full body blood transfusion in a human being,” Sundblad adds. “This reorganisation has created the conditions for us to start moving towards constant delivery times but that will take time.”

    Iggesund’s delivery service solution ranges from overnight service from dedicated customer stocks to regular deliveries from the mill, with several more options in between. Further development will occur over the next 12 months.

    Iggesund’s service offering also encompasses everything linked to the products Invercote and Incada, from technical support in local markets to the paperboard expertise the company offers with its range of reference materials.

    “We don’t just want customers to buy our paperboard,” Sundblad says. “It’s important to us that they also get the most out of it. All our documentation and our teams of locally based technicians with their experience of projects and processes similar to our customers’ exist to make sure that happens.

    “We’ve offered some of this support for a long time but we haven’t made it clear enough to the majority of our customers that this service is available.”

    Other features of the service offering, which is now being launched under the name “Care by Iggesund”, are the fast, easy ordering of samples and inspirational materials, the provision of product safety information and certificates, and access to the analytical services of Iggesund’s accredited Laboratory for Chemical and Sensory Analyses. Iggesund’s extensive environmental documentation is also part of the service, not least as a guarantee that customers will have no unpleasant surprises about the origin of their forest raw material.
    (Iggesund Paperboard AB)
     
    30.10.2014   New stock preparation from Voith in operation at N. R. Agarwal Industries Ltd.    ( Company news )

    Company news A new stock preparation system was put into operation in June at the Indian paper manufacturer N. R. Agarwal Industries Ltd. in Sarigam, in the federal state of Gujarat.

    The company established a complete, new paper mill in Sarigam for graphic paper grades so as to meet the rising demand for graphic paper in the Indian market. The annual production capacity of the new mill is 100,000 metric tons of paper.

    An IntensaDrum SD 35 pulping drum is part of the stock preparation system at Agarwal Industries. The IntensaDrum SD 35 is a part of the BlueLine equipment family and the first one of this type that has been in operation in India. Shortly after the start-up, the Voith IntensaDrum impressed with very good results, as the Managing Director R N Agarwal confirms: “It is a very good machine. The rejects are very clean and free of fiber.”

    The stock preparation at N. R. Agarwal Industries Ltd. is a two-stage deinking and flotation system. Voith’s decades of experience with stock preparation systems was decisive for N. R. Agarwal Industries Ltd. when choosing a supplier. The low maintenance and energy costs of IntensaDrum SD 35 pulping drum also appealed. Furthermore, the IntensaDrum SD 35 is simple and robust in operation and its pulping performance is very good. Voith supplied the entire stock preparation system. The delivery included the automation technology, engineering, assembly and start-up.
    (Voith Paper GmbH & Co KG)
     
    30.10.2014   Valmet to supply new tissue line to Lee & Man Paper Manufacturing in China    ( Company news )

    Company news One of China's leading paper and pulp producers, Lee & Man Manufacturing Ltd, has decided to invest in an Advantage DCT 200HS tissue line from Valmet. The new tissue line will be installed at the company's Chongqing mill in Zhutuo Town, Yongchuan City, China. The line is designed for production of high quality tissue products and the start-up is planned to be in late 2015.
    The order was included in Valmet's third quarter 2014 orders received. The value of the order is not disclosed.

    Lee & Man employs the most effective technology and the new tissue line will fulfill their high demands on sustainability. Valmet's Advantage DCT concept is well established on the market and has proven to bring high flexibility, energy- and fiber efficient production as well as tissue products with high bulk and softness.
    "We are excited to work with Lee & Man in this project, supporting their environmental targets. Our Advantage Visco Nip press is specially designed for very high linear loads which combined with a cast alloy Yankee cylinder makes it possible to increase the paper dryness after press and reach significant drying energy savings," says Svenerik Olsson, Director, Tissue Mills Business Unit, Valmet China.

    Technical information about the delivery
    The new tissue machine will have a width of 5.6 m and a design speed of 2,000 m/min. It will produce 60.000 tons of toilet and facial tissue per year, using virgin wood pulp and bleached bamboo fiber as raw material.
    Valmet's scope of delivery will comprise a complete tissue production line featuring stock preparation systems and an Advantage DCT 200HS tissue machine. The machine will be equipped with an OptiFlo headbox and a cast alloy Yankee cylinder. It will also be featured with the well proven Advantage tissue technology including ViscoNip press, a steam heated AirCap hood, WetDust dust system and a SoftReel P reel. Basic engineering, installation supervision, training, start-up and commissioning are also included in the delivery.
    (Valmet Corporation)
     
    29.10.2014   Stora Enso: Solid quarterly performance – the transformation journey continues    ( Company news )

    Company news Stora Enso's CEO Karl-Henrik Sundström (photo) comments the third quarter 2014 results:
    "Stora Enso delivered solid performance during the third quarter. Sales, excluding the structurally declining paper business, were up by 3%. We are successful in our cost management and the operational EBIT increased 14% year-on-year. Return on capital employed increased to 9.7%, which is yet another step in the right direction. Furthermore, we have improved Net debt/EBITDA compared to a year ago from 3.1 to 2.8.
    We have taken several steps in our transformation into a customer focused renewables materials company. A key milestone was the inauguration of the pulp mill in Montes del Plata, Uruguay, and we are now ready to ramp up its production capacity. During the quarter, we also initiated the process to convert the Varkaus Mill in Finland for production of virgin-fibre-based containerboard. Moreover, we have invested in a demonstration and market development plant in the USA for the extraction and separation of highly pure sugars from biomass to be converted into differentiated biochemicals. The investment in the consumer board machine in China, proceeds as planned. Our non-core asset disposal programme is moving ahead with the divestment of Corenso as the most recent step. Together with innovation in our existing product range, these initiatives will play a major role in our transformation.
    During the quarter, we have put a partly new Group Leader ship Team in place. There is a clearer focus, partly due to the fact that we have split Global Communications and Global Responsibility. Our focus on Responsibility is partly reflected by the section in our quarterly reporting. We are moving ahead.
    When it comes to outlook, the fourth quarter 2014 sales are estimated to be roughly similar to the EUR 2 514 million in the third quarter 2014. Operational EBIT is expected to be somewhat lower than the EUR 210 million in the third quarter 2014 due to normal seasonal weakness in the Renewable Packaging and Building and Living divisions.
    This was my first quarter as the CEO and I am very impressed by all our competent and committed employees who together build the future of Stora Enso. It is all about creating value for our customers, today and tomorrow."
    (Stora Enso Oyj)
     
    29.10.2014   Kemira Oyj's Interim Report January-September 2014: Organic revenue growth accelerated    ( Company news )

    Company news Third quarter:
    -Organic revenue growth was 3%. Reported revenue decreased 2% to EUR 541.5 million (553.7) due to impact of divestments completed earlier.
    -Operative EBITDA improved to EUR 69.9 million (68.9) with a margin of 12.9% (12.4%).
    -Reported earnings per share increased to EUR 0.16 (0.09) mainly as a result of lower non-recurring charges than in the comparable period.

    January-September:
    -Organic revenue growth reached 1%. Reported revenue decreased 6% to EUR 1,589.6 million (1,683.9) due to divestments and unfavorable currency exchange rates.
    -Operative EBITDA decreased 3% to EUR 187.6 million (193.9) with a margin of 11.8% (11.5%).
    -Operative earnings per share were EUR 0.47 (0.53).
    -Kemira maintains its outlook for 2014.

    Kemira's President and CEO Jari Rosendal (photo):
    "In the third quarter, Kemira's organic growth accelerated to 3% from 1% in the first half of 2014. Paper and Oil & Mining continued to grow above-the-market and Municipal & Industrial's revenue showed signs of recovery. Our operative EBITDA margin increased from 12.4% to nearly 13% with notable improvements in Oil & Mining and Municipal & Industrial.
    Kemira is moving forward in the next phase of its strategy implementation: focusing on growth. We updated our mid-term revenue and operative EBITDA margin targets in September, expecting revenue of EUR 2.7 billion in 2017 and an operative EBITDA margin of 15%. These targets are expected to be reached through organic growth, inorganic growth, and continuous efficiency improvements.
    In Paper, our market leadership position as the only global pulp and paper chemical supplier will be further strengthened by the acquisition of AkzoNobel paper chemical business, announced in July. Another positive development was the receipt of the final operating permits for our new process chemicals site in Nanjing, China. We are also increasing pulp chemical deliveries to StoraEnso's new pulp mill in Montes del Plata, Uruguay that ramps up its capacity.
    In Oil & Mining, we are investing in new and existing emulsion and dry polyacrylamide capacity in North America in order to harvest the good growth potential in the oil & gas market. Demand for emulsion polyacrylamide has been strong, especially in horizontal drilling and stimulation of shale oil & gas. Kemira is the second largest producer of emulsion and dry polyacrylamides in the world.
    In Municipal & Industrial, our new coagulant manufacturing site in Dormagen, Germany has reached its full planned capacity and in Tarragona, Spain we are currently ramping up the capacity in order to further strengthen our market leadership position in chemical raw and waste water treatment. In North America, we regained business, especially in the municipal water treatment sector and revenue decline slowed down in the third quarter.
    Looking ahead, we will keep our guidance for 2014 unchanged, expecting slight organic revenue growth and an operative EBITDA approximately at the same level as in 2013."
    (Kemira, Paper Segment)
     
    29.10.2014   Södra invests more than SEK 100 million in Mönsterås pulp mill    ( Company news )

    Company news Södra will invest more than SEK 100 million in its pulp mill in Mönsterås. The investment will result in more efficient energy utilisation and enhanced productivity at the mill.

    The Mönsterås pulp mill is Södra's largest with total annual production of 750,000 tonnes of softwood and hardwood pulp. Mönsterås is Södra's oldest mill, founded in 1958, but is also one of the most modern of its kind in the world as a result of successive investments. This latest investment, now approved, relates to the expansion of the evaporation plant.

    Södra is undergoing an intensive expansion period and the investment that is now being announced is a further step in improving production, assuring and enhancing the already-high quality of its pulps and optimising energy utilisation.

    Södra's largest ongoing investment is the expansion of the pulp mill in Värö totalling in excess of SEK 4 billion. The project will increase annual production at the mill from 450,000 tonnes to 700,000 tonnes. In addition, an investment of SEK 700 million is being made in Mörrum to increase pulp production. A new chip plant will be constructed and one of the two pulp lines will be upgraded.
    (Södra Cell AB)
     

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