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    RSS-News News RSS-News from - Add to Google! Page:    <<   1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29  30   >> 
    26.05.2014   Tieto boosts Holmen Iggesund's supply chain system    ( Company news )

    Company news Paperboard manufacturer Iggesund Paperboard, part of the Swedish Holmen forest products group, has successfully replaced its current supply chain systems with Tieto's Integrated Paper Solution (TIPS).
    Tieto Integrated Paper Solution (TIPS) supports Iggesund Paperboard's decision-making processes with improved data quality, traceability and master data management. TIPS also gives a better business process transparency as it covers the entire supply chain from order handling to production and warehouse planning, as well as product cost calculations, delivery, dispatch and invoicing. The new supply chain system was launched in March 2014 and replaced several old IT systems, which reduced the complexity of Iggesund's IT environment.
    "Tieto has a deep knowledge of the industry and has been a competent partner in the project. It is critical that we are easy to do business with, and TIPS enables exactly this: through supply chain excellence we can offer our customers the service they demand," says Anna-Lena Ström, Supply Chain Director at Holmen Iggesund.
    Tieto Integrated Paper Solution TIPS is a comprehensive sales and production management solution for the pulp, paper, board and tissue industries. It seamlessly links planning, business operations and production processes, and there are over 200 installations worldwide.
    "TIPS is the world leading product developed to meet the industry needs and fine-tuned according to each customer's specific demands," says Mats Lidström, Sales Executive at Tieto.
    (Tieto Sweden AB)
    26.05.2014   PulPaper 2014 Helsinki - Event News - Days until opening: 7    ( Company news )

    Company news No time to waste - register today!
    The PI 100th anniversary gala evening and the excursion to Jyväskylä to visit VTT and Valmet are all booked out. Now is the time to pre-register your visit to the exhibition and to sign up for the PulPaper Conferences!
    To save time upon arrival at the exhibition, pre-register your visit free of charge and print your badge using this link. Pre-registered visitors will be in the draw to win a lunch for 2 persons at any of the Fazer Restaurants at the venue.
    The Biofuture for Mankind conference and the IMPC 2014 International Mechanical Pulping Conference will be held in the Congress Wing adjacent to the exhibition hall.

    Present at the stand of UPM: The Biofore Concept Car
    The Biofore Concept Car showcases the use of UPM’s innovative biomaterials in the automotive industry. The majority of parts traditionally made from plastics are replaced with high quality, safe and durable biomaterials, UPM Formi and UPM Grada, which can significantly improve the overall environmental performance of car manufacturing. The Biofore Concept Car is designed and manufactured by students from the Helsinki Metropolia University of Applied Sciences. The project combines expertise and insights from several prominent organizations from the field of high technology.
    Take a closer look at this car of the future and meet representatives from UPM in PulPaper stand 6f40.

    PulPaper Award to be announced at the After Work get-together
    The PulPaper award winner is to be announced from the Paper Square stage at 5 pm on 3 June, during the After Work get-together in hall 6. The award will be given to a person or a group of people, not a company or an organisation, who have added value and created trust in the industry as well as shown how the industry can be more diverse, by leading the way in an innovative and creative manner.
    The award is funded by the Finnish Fair Foundation and the jury consists of the Biofuture for Mankind conference programme committee, chaired by former CEO of Metso, Mr Jorma Eloranta.

    Exhibiting at PulPaper 2014: Nalco Finland Oy presenting numerous innovations
    Nalco is an Ecolab company, global leader in water, hygiene and energy technologies, with sales over $13 billion and 45,000 employees in more than 170 countries. The company offers a comprehensive range of innovative sustainable solutions, including retention and drainage, deposit control, dry strength aids, and water treatment.
    - We have participated in PulPaper several times. PulPaper is a great place to present recent innovations, create new contacts and refresh previous relationships, says Nalco District Manager Mrs Sirkku Hisinger. It is always good to meet friends in the industry.
    - For PulPaper 2014 we are presenting several exciting innovations, she continues, for example the Flocmaster, a new piece of equipment specially designed for sludge dewatering applications, she continues. We will also be ready to present the Oxipro, FillerTek, Metrix, Purate and Hydrid chemicals and look forward to discuss the benefits of each technology with our customers.
    - We hope to see as many people as possible at PulPaper 2014, welcome to visit us in stand 6b41 and try your skills at our Pinball-game!
    (Adforum AB)
    26.05.2014   Endoline announces over 150% export growth    ( Company news )

    Company news Reporting in excess of 150% growth in their export business over a five year period, Endoline Machinery reveals this substantial growth is primarily down to strong international distributor relationships. The company, who design and manufacturer end of line packing systems, has also announced that they have forged a new distributor partnership with a company based in France.

    Picture: Versapack Case Erecting and Case Packing System

    With a record year for exports and a top accolade for their exporting expertise, Endoline has named Cambrai based Pack-Line System as their French distributor partner. Pack-Line System will be tasked with selling Endoline’s range of case forming, packing and sealing systems to the French market. Since establishing their partnership Pack-Line System has installed several Endoline systems within food manufacturing facilities, including a fully automatic case erector within a company producing pancakes for French Supermarkets.

    France is Britain’s fourth biggest export partner and while the market is largely saturated Endoline’s ability to create bespoke system solutions differentiated them from their competitors according to Laurent Delroise, Sales Manager at Pack-Line System: “The French market is full of distributors selling standard products at consistent prices; however we wanted to offer our customers solutions which would meet their exact specifications. Endoline can offer a wide range of machinery specifications which can handle multiple case sizes suitable for fast paced environment, they can also modify their machinery easily and they have the option of stainless steel which is becoming essential within food packing facilities. Furthermore their close proximity means that we can receive spare parts within 24 hours.”

    “In the case of the pancake producer they had previously ruled out automating this element of their production line due to space constraints however, through Endoline, we were able to provided them with a compact case erecting solution with the capability to operate in sub-zero temperatures.”

    With a strong foothold within many Eastern European countries, Russia and the Middle East, Endoline’s search for a French distributor was
    often futile due to the well established markets which already existed within Western Europe. Greg Austin, Endoline’s International Business Manager, who is responsible for rolling out the company’s export strategy, commented: “Looking at export markets, it is important to find the right partner and not to treat the markets the same. Western Europe is of course well developed already, so we focus on improving speed and efficiency on lines which are already established. Whereas in Eastern Europe, Russia and the Middle East we are dealing more often with customers who are looking to build factories and are starting from scratch.”

    With over 20 distributor networks established worldwide Endoline, who has recently launched an international multilingual website, will now make further steps into the Middle East where there is a demand for high end quality machines. And the company is now encouraging other
    SME’s to make the leap into exports. However according to Greg Austin the overarching thing to remember is the need to be flexible: “Tailor your strategy and approach for each country you are trying to enter.”
    (Endoline Machinery Limited)
    23.05.2014   Petrocart starts up the new Toscotec tissue line in Piatra Neamt    ( Company news )

    Company news At the end of April, the Rumanian tissue producer Petrocart, has successfully started up their new Toscotec complete tissue production line installed in Piatra Neamt, headquarter of the company since 1908.
    Based on a turn-key concept and an average production of 75 tons per day, the new line includes the stock preparation plant for virgin and recycled fibers, a MODULO-PLUS tissue machine with single-layer headbox, double press configuration and TT SYD-12FT, the tissue machine auxiliary plants including a Milltech hood and steam & condensate system . A three unwind stands tissue slitter rewinder TT WIND-M completes Toscotec scope of supply.
    According to Petrocart green philosophy, the project was mainly focused on reduced energy consumption, usage of waste paper, recovery and re-usage of the water in the manufacturing process.
    The project has been managed on the turn-key basis by Toscotec providing also the whole engineering services, erection supervision, start-up and training.
    (Toscotec S.p.A.)
    23.05.2014   GAW receives first order in Saudi Arabia    ( Company news )

    Company news GAW technologies GmbH has received an order from Middle East Paper Co. (MEPCO), Kingdom of Saudi Arabia, for a Working Station (Modernization of filtration to the SpeedSizer and for the Warmwater Supply for filter flushing, see picture) at the PM3 of the paper mill in Jeddah.
    MEPCO is the largest producer of paperboard in the Middle East and North Africa and is located in the Red Sea port city Jeddah, in the western province of Saudi Arabia. MEPCO will increase its production and improve the paper quality with the upgrade of its paper machines and has a strong commitment to environmental conservation.
    The upgraded PM3 will produce Testliner/Fluting and will have a width of 5.200 mm and speed of 900 m/min. The GAW scope of delivery includes engineering, delivery of key parts as well as mechanical supervision and start-up & training). The delivery is scheduled for autumn 2014; the start-up will take place until the end of the year.
    It will be the first order for GAW in the Kingdom of Saudi Arabia and the Austrian based globally preferred supplier of process plants is proud to support this new customer with expertise and experience of more than 6 decades.
    (GAW technologies GmbH)
    23.05.2014   Schur Flexibles Group continues to grow and acquires Danapak Flexibles A/S    ( Company news )

    Company news The Schur Flexibles Group has reached an agreement to take over Danapak Flexibles from Arla Foods. The acquisition is expected to have effect by July 1, subject to approval by the authorities. The Group thus expands the number of companies up to a total of 12.

    Picture: Jakob A. Mosser, CEO of Schur Flexibles Group

    Founded in 1955 by the Danish Dairy Board, Danapak Flexibles has become a specialist for high-barrier packaging solutions for the pharma, dairy as well as other food industries. The company has established itself with a strong niche assortment of high-quality flexible packaging, focussing especially on the pharmaceutical industry and employs a staff of 190. Danapak Flexibles’ headquarter and main production site are located in Slagelse with an additional printing facility in Horsens, both in Denmark and has a strong customer portfolio with focus on significant international brands, generating yearly revenues of approximately € 53 million.
    The acquisition of Danapak Flexibles A/S indicates a new era within a striving and dynamic flexible packaging group, the Schur Flexibles Group. Both complement each other perfectly, as Schur Flexibles is a strong supplier of high-barrier flexible packaging for the food, tobacco and healthcare industries. “Danapak’s excellent product range and know-how of high-barrier flexibles for pharmaceutical- and dairy market perfects our product portfolio. Danapak Flexibles’ unique Product Technology Center combines skills within research, development and graphic design and features a fully equipped laboratory as well as a pilot plant, which will enable us to meet demands and trends from our customers very quickly”, Jakob A. Mosser, CEO of Schur Flexibles Group states.
    The Austrian packaging company with headquarters in Baden, near Vienna, was established two years ago by the private equity company Capiton and Jakob A. Mosser, an industry expert, by means of a „buy and build“ concept. Including Danapak, the Group consists of twelve active companies in Germany, Denmark, the Netherlands, Poland, Finland, Greece and Slovakia. With more than 1,300 employees and customers in over 60 countries, the company generates a yearly flexibles revenue of approximately € 320 million including the new acquisition.
    (Schur Flexibles Holding GesmbH)
    23.05.2014   Metsä Board: Divest of Lielahti property to the City of Tampere has been completed    ( Company news )

    Company news Metsä Board Corporation , part of Metsä Group, announced on 30 January 2014 its intention to divest its property in Lielahti, Tampere to the City of Tampere for EUR 26 million. The Lielahti property consists of 90 hectares of land, incl. buildings on site, and 1,071 hectares of water area on Näsijärvi lake.

    The transaction has been completed on 28 March 2014.
    Metsä Board closed down the BCTMP pulp mill at the Lielahti site in 2008 and has not had any production operations at the site since. The divestment of Lielahti property does not impact Metsä Board’s annual sales nor have any impact on operative result. Lielahti property’s book value was written off in connection to the mill closure in 2008. Thus, related to the divestment Metsä Board books approximately EUR 25 million in positive non-recurring items in the Other operations’ 1Q 2014 operating result.
    Metsä Board’s proceeds from property divestments in Lielahti and Niemenranta estates in Tampere has since 2010 been approximately EUR 45 million in total. Metsä Board expects approximately EUR 40 million in further proceeds from additional property divestments in Niemenranta during the next approximately 7 years.
    (Metsä Board Corporation)
    23.05.2014   Holmen's interim report January-March 2014    ( Company news )

    Company news -Operating profit, excluding items affecting comparability, totalled SEK 389 million (January–March 2013: 238). The improvement in profit is due to higher prices for printing paper, more stable paperboard production as well as higher prices and increased deliveries for sawn timber.
    -Compared with the fourth quarter, operating profit rose by SEK 51 million, mainly as a result of price increases for printing paper.
    -The market situation for paperboard was good. Demand for sawn timber increased from low levels. Demand for printing paper continued to decline.
    -Profit after tax amounted to SEK 276 million (42), which corresponds to earnings per share of SEK 3.3 (0.5). Return on equity was 5.3 per cent (0.8).

    Demand for printing paper in Europe fell by 3 percent in the first months of the year compared to the same period last year. Some price increases were implemented for newsprint. Holmen Paper’s deliveries amounted to 331 000 tonnes, which was 15 per cent lower compared to the
    same period last year as a result of the closure of two paper machines in the autumn of 2013. The strategic product segments MF Magazine and book paper accounted for just over half of deliveries.
    Operating profit for January–March was SEK 6 million (-114), excluding items affecting comparability. The improvement in profit is due to
    higher selling prices and reduced costs. Deprecation has decreased following the closure of production capacity.
    Operating profit improved by SEK 76 million compared with the fourth quarter as a result of higher selling prices, reduced costs and lower
    depreciation. Production has continued to perform well and the capacity utilisation was full during the quarter.
    (Holmen AB)
    23.05.2014   Sonoco Reports First Quarter 2014 Results    ( Company news )

    Company news Sonoco (NYSE:SON), one of the largest diversified global packaging companies, reported financial results for its first quarter ending March 30, 2014.

    Picture: Sonoco President and Chief Executive Officer Jack Sanders

    First Quarter Highlights
    -First quarter 2014 GAAP earnings per diluted share were $.50, compared with $.47 in 2013.
    -First quarter 2014 GAAP results include $.02 per diluted share in after-tax charges related to previously announced restructuring activities. First quarter 2013 GAAP results included after-tax charges of $.03 per diluted share related to restructuring activities and the impact of devaluation on reported results in Venezuela.
    -Base net income attributable to Sonoco (base earnings) for first quarter 2014 was $.52 per diluted share, compared with $.50 in 2013. (See base earnings definition and reconciliation later in this release.) Sonoco previously provided first quarter base earnings guidance of $.50 to $.54 per diluted share.
    -Abnormally severe winter weather across much of the U.S. and Canada unfavorably impacted first quarter 2014 base earnings. Absent the weather impact, the Company estimates that results would have been at or slightly above the high end of its previously issued guidance.
    -First quarter 2014 net sales were $1.19 billion up slightly from $1.18 billion in 2013.
    -Cash flow from operations was $45 million, in line with expectations, compared with $136 million in 2013. Free cash flow for the first quarter was a negative $22 million, compared with $51 million in 2013. The year-over-year changes in operating and free cash flows reflect a more-normal working capital impact as well as higher pension plan contributions. (See free cash flow definition later in this release.)

    Second Quarter and 2014 Base Earnings Guidance Updated
    -Base earnings for the second quarter of 2014 are estimated to be in the range of $.63 to $.67 per diluted share. Base earnings in the second quarter of 2013 were $.59.
    -Full-year 2014 base earnings are expected to be in the range of $2.43 to $2.53 per diluted share and the Company continues to target $2.51 per diluted share.
    -Free cash flow in 2014 is projected to be approximately $130 million.

    First Quarter Review
    Commenting on the Company's first quarter results, Sonoco President and Chief Executive Officer Jack Sanders said, "Severe winter weather significantly disrupted our customers' and our operations in January and February resulting in lost production and sales along with higher operating costs, particularly in our Industrial-related businesses. I'm extremely proud of how our people responded to these challenges as they went to extraordinary lengths to meet the critical needs of our customers. Even with these headwinds, base earnings improved 4 percent in the first quarter as the Company benefited from a positive price/cost relationship, modest productivity improvements and lower pension and interest expenses, partially offset by normal inflation.
    "For the fifth consecutive quarter, operating profits from our Consumer Packaging segment increased year-over-year with first quarter results up 14 percent. This improvement came from a positive price/cost relationship, productivity improvements and lower pension expense, partially offset by higher labor and operating costs. In addition, operating profits from our Display and Packaging segment improved more than 50 percent in the quarter due to productivity improvements and modest volume gains.
    "Operating profits in our Paper and Industrial Converted Products segment declined 4 percent in the first quarter due to the negative impacts of severe weather on volume and energy costs, as well as higher maintenance, freight and raw material costs. These negative factors were only partially offset by a positive price/cost relationship, modest productivity improvements and lower pension costs. Lower volume and higher costs, partially due to the severe weather, negatively impacted our Protective Solutions segment."

    GAAP net income attributable to Sonoco in the first quarter was $52.3 million, or $.50 per diluted share, compared with $48.1 million, or $.47 per diluted share, in 2013. Base earnings in the first quarter were $53.9 million, or $.52 per diluted share, compared with $51.7 million, or $.50 per diluted share, in 2013. Base earnings and base earnings per diluted share are non-GAAP financial measures adjusted to remove restructuring charges, asset impairment charges, acquisition expenses and other items, if any, the exclusion of which the Company believes improves comparability and analysis of the underlying financial performance of the business.
    First-quarter base earnings exclude $1.6 million in after-tax charges, or $.02 per diluted share, related to previously announced restructuring activities. Base earnings in the first quarter of 2013 excluded after-tax charges of $3.6 million or $.03 per diluted share, stemming from restructuring activities and the impact of a currency devaluation in Venezuela. Additional information about base earnings and base earnings per diluted share, along with reconciliation to the most closely applicable GAAP financial measures, is provided later in this release.
    Net sales for the first quarter were $1.19 billion, compared with $1.18 billion in last year's quarter, reflecting essentially flat volume for the Company as a whole. The small increase was driven primarily by higher selling prices and sales from two small acquisitions in recycling and graphics management, partially offset by foreign exchange.
    Gross profits were $212 million in the first quarter, up 3 percent, compared with $206 million in the same period in 2013. Gross profit as a percent of sales improved to 17.9 percent, compared with 17.4 percent in the same period in 2013. This improvement was due primarily to a positive price/cost relationship, manufacturing productivity improvements and lower pension expense, partially offset by higher maintenance, labor and other costs. The Company's first quarter selling, general and administrative expenses increased 3 percent to $124 million, due primarily to wage inflation and higher management incentive costs compared with the previous year.
    Cash generated from operations in the first quarter was $45 million, compared with $136 million in the same period in 2013. Both operating cash flow and free cash flow were lower this quarter as higher GAAP net income was offset by changes in working capital and higher pension contributions. Net capital expenditures and cash dividends were $35 million and $32 million, respectively, during the quarter, compared with $55 million and $30 million, respectively, during the same period in 2013. The decrease in capital expenditures reflects the completion in 2013 of several projects, the most significant of which was the biomass boiler in Hartsville, S.C. The Company also repurchased 208,000 shares of its common stock in the first quarter at a cost of $8.6 million under a previously announced stock buyback plan. (Free cash flow is defined as cash flow from operations minus net capital expenditures and cash dividends. Net capital expenditures is defined as capital expenditures minus proceeds from the disposal of capital assets.)
    At the end of the first quarter of 2014, total debt was approximately $985 million, compared to $981 million at December 31, 2013. The Company had no commercial paper outstanding and the debt-to-total capital ratio was 36.1 percent at March 30, 2014, compared with 36.3 percent at the end of 2013. Cash and cash equivalents were $191 million at March 30, 2014, compared with $218 million at year end 2013.

    Net interest expense for the first quarter of 2014 decreased to $12.6 million, compared with $14.3 million during the same period in 2013. The decrease was due to lower year-over-year debt levels. The 2014 first-quarter effective tax rate on GAAP and base earnings was 31.3 percent and 31.1 percent, respectively, compared with a 31.6 percent rate for both in the prior year's quarter.

    Second Quarter and Full-Year 2014 Outlook Updates
    Sonoco expects second quarter 2014 base earnings to be in the range of $.63 to $.67 per diluted share. The Company's second quarter 2013 base earnings were $.59 per diluted share. Annual base earnings per diluted share are expected to be in the range of $2.43 to $2.53 in 2014, and the Company is targeting $2.51 per diluted share. The Company's 2014 guidance range reflects an expectation of a 33 percent effective tax rate for the year. Free cash flow is expected to be approximately $130 million in 2014, compared to $245 million in 2013. The year-over-year reduction reflects expectations for higher income tax payments, an increase in pension and post retirement plan contributions and a greater, but more-normal, use of cash for working capital.
    Although the Company believes the assumptions reflected in the range of guidance are reasonable, given uncertainty regarding the future performance of the overall economy and potential changes in raw material prices and other costs, as well as other risks and uncertainties, including those described below, actual results could vary substantially.
    Commenting on the Company's outlook, Sanders said, "Much of the negative impact from severe winter weather occurred in January and February. As weather improved in March, we saw a strong rebound in customer orders across most of our businesses and a sharp improvement in operating performance. Entering April, customer orders appear to be running at more normal levels, in line with volume expectations and our second-quarter earnings guidance, which anticipates continued improvement in operations."

    Segment Review
    Sonoco reports its financial results in four operating segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. Effective January 1, 2014, Sonoco Alloyd, the Company's retail packaging business and previously part of the Protective Solutions segment, began reporting as part of the Display and Packaging segment. This change reflects the evolving integration occurring between these businesses, enabling them to better leverage the Company's capabilities, products and services to provide complete solutions to our retail merchandising customers. Prior period results for the affected segments have been recast to reflect this change.
    Segment operating results do not include restructuring and asset impairment charges, acquisition expenses, interest income and expense, income taxes or certain other items, if any, the exclusion of which the Company believes improves comparability and analysis.

    Consumer Packaging
    Sonoco's Consumer Packaging segment includes the following products and services: round and shaped rigid containers and trays (both composite and thermoformed plastic); blow-molded plastic bottles and jars; extruded and injection-molded plastic products; printed flexible packaging; global brand artwork management; and metal and peelable membrane ends and closures.
    First quarter 2014 sales for the segment were $465 million, compared with $463 million in 2013. Segment operating profit was $48.2 million in the first quarter, compared with $42.3 million in the same quarter of 2013.
    Segment sales during the quarter were essentially flat as higher selling prices and sales added from the acquisition of a small graphics management business in the U.K. were partially offset by the negative impact of foreign exchange and slightly lower volume. Segment operating profit increased 14 percent due to a positive price/cost relationship, lower pension expense and productivity improvements that more than offset higher labor and operating costs.

    Display and Packaging
    The Display and Packaging segment includes the following products and services: designing, manufacturing, assembling, packing and distributing temporary, semi-permanent and permanent point-of-purchase displays; supply chain management services, including contract packing, fulfillment and scalable service centers; retail packaging, including printed backer cards, thermoformed blisters and heat sealing equipment; and paper amenities, such as coasters and glass covers.
    First quarter 2014 sales for this segment were $153 million, compared with $145 million in 2013. Segment operating profit was $5.4 million in the quarter, compared with $3.5 million in 2013.
    Sales for the quarter were up 6 percent year over year on volume growth in U.S. display and packaging, global pack centers and retail packaging. Quarterly operating profit for the segment grew 53 percent due to manufacturing productivity in retail packaging and volume gains.

    Paper and Industrial Converted Products
    The Paper and Industrial Converted Products segment includes the following products: paperboard tubes and cores; fiber-based construction tubes; wooden, metal and composite wire and cable reels and spools; and recycled paperboard, linerboard, corrugating medium, recovered paper and material recycling services.
    First quarter 2014 sales for the segment were $456 million up slightly from $454 million in 2013. Segment operating profit was $29.8 million in the first quarter, compared with $31.0 million in 2013.
    Despite the negative effects of severe winter weather on volume, segment sales were flat during the quarter as higher selling prices and sales from a small recycling acquisition offset the lower volume and a negative impact from foreign exchange. Operating profits declined 4 percent year over year as a positive price/cost relationship, lower pension expense and modest productivity improvements were more than offset by lower volume and higher maintenance, labor and other costs. Severe weather resulted in lost production at several mills that were forced to cancel multiple shifts due to the conditions and/or partially curtail production. In addition, persistently lower-than-normal temperatures across much of the United States and Canada caused a short-term but significant increase in energy costs at many of our facilities.

    Protective Solutions
    The Protective Solutions segment includes the following products: custom-engineered, paperboard-based and expanded foam protective packaging and components; and temperature-assured packaging.
    First quarter 2014 sales were $112 million, compared with $117 million in 2013. Operating profit was $5.3 million, compared with $9.7 million in the first quarter of 2013.
    This segment's 4 percent decline in sales was due to lower volume in the industrial protective and temperature-assured businesses and the divestiture of a small box plant. Operating profits declined 46 percent due to lower volume and higher costs, partially due to the severe weather, a negative price/cost relationship and start up costs related to a new facility in Mexico.
    (Sonoco Products Co)
    23.05.2014   Miracle cure made from plants: Nanocellulose sponges to combat oil pollution    ( Company news )

    Company news A new, absorbable material from Empa wood research could be of assistance in future oil spill accidents: a chemically modified nanocellulose sponge. The light material absorbs the oil spill, remains floating on the surface and can then be recovered. The absorbent can be produced in an environmentally-friendly manner from recycled paper, wood or agricultural by-products.

    Picture: Demonstration of the oleophilic and at the same time hydrophobic properties of a silylated nanocellulose sponge: A droplet of water (blue) sits on the surface, whereas a droplet of oil (red) is absorbed by the material.

    All industrial nations need large volumes of oil which is normally delivered by ocean-going tankers or via inland waterways to its destination. The most environmentally-friendly way of cleaning up nature after an oil spill accident is to absorb and recover the floating film of oil. The Empa researchers Tanja Zimmermann and Philippe Tingaut, in collaboration with Gilles Sèbe from the University of Bordeaux, have now succeeded in developing a highly absorbent material which separates the oil film from the water and can then be easily recovered, “silylated” nanocellulose sponge. In laboratory tests the sponges absorbed up to 50 times their own weight of mineral oil or engine oil. They kept their shape to such an extent that they could be removed with pincers from the water. The next step is to fine tune the sponges so that they can be used not only on a laboratory scale but also in real disasters. To this end, a partner from industry is currently seeked.

    One step production – from cellulose plants
    Nanofibrillated Cellulose (NFC), the basic material for the sponges, is extracted from cellulose-containing materials like wood pulp, agricultural by products (such as straw) or waste materials (such as recycled paper) by adding water to them and pressing the aqueous pulp through several narrow nozzles at high pressure. This produces a suspension with gel-like properties containing long and interconnected cellulose nanofibres .
    When the water from the gel is replaced with air by freeze-drying, a nanocellulose sponge is formed which absorbs both water and oil. This pristine material sinks in water and is thus not useful for the envisaged purpose. The Empa researchers have succeeded in modifying the chemical properties of the nanocellulose in just one process step by admixing a reactive alkoxysilane molecule in the gel before freeze-drying. The nanocellulose sponge loses its hydrophilic properties, is no longer suffused with water and only binds with oily substances.
    In the laboratory the “silylated” nanocellulose sponge absorbed test substances like engine oil, silicone oil, ethanol, acetone or chloroform within seconds. Nanofibrillated cellulose sponge, therefore, reconciles several desirable properties: it is absorbent, floats reliably on water even when fully saturated and is biodegradable.
    (Empa - a Research Institute of the ETH)
    23.05.2014   Tieto helps Chinese Lee & Man Paper Manufacturing reduce trim waste and improve ...    ( Company news )

    Company news ... production efficiency

    Tieto has successfully delivered Tieto Integrated Paper Solution TIPS Trim to Lee & Man Paper Manufacturing Ltd, a world leading paper and pulp manufacturer based in China.
    TIPS Trim system integrates with Lee & Man's sales system. It offers several benefits on time and cost savings. "TIPS Trim is exactly the software to optimize the cutting plan. In most cases, TIPS Trim creates a plan to satisfy the needs of edge control, order fulfilment and mill specific requirement by click on one button," comment the users from Jiangsu and Chongqing sites. "TIPS Trim helps on controlling edge waste," emphasize the users on Dongguan site.
    "We are very proud of this deal, which confirms TIPS to be a leading MES solution also outside our traditional home markets in Northern Europe. We offer a standard paper industry specific solution with rich functionalities and proven ERP integration capability. Our many references of successful deliveries in both the local and global market minimize Lee & Man's risk in the investment," says Timo Jäätvuori, Sales Director for TIPS at Tieto.
    Tieto Integrated Paper Solution TIPS provides a proven real-time operations management solution by seamlessly linking planning, business operations, and production processes of a pulp and paper company. It combines the functionality and the best practices of our previous advanced Sales and MES system deliveries with over 40 years' experience and offers management of the whole order-to-cash value chain. TIPS Trim is an integral part of the solution that helps create and optimise cutting plans.
    (Tieto Finland Oy)
    22.05.2014   Voith supports tissue makers with extensive quality control system    ( Company news )

    Company news The unique quality control system portfolio from Voith impresses tissue makers around the world, as it can offer the lowest operating costs in the industry.
    The Voith LSC TecoSens sensor and Voith LSC TecoScan scanner (picture) for non-radioactive measurement of fiber weight and moisture content is worldwide in operation. They belong to Voith’s basic package of the quality control system for the tissue production. Equipped with special cleaning devices, it guarantees maximum availability with minimum maintenance. Combined with its extremely robust construction it offers the lowest operating costs in the industry. This convinces tissue makers, which is why this system is also used with machines from third-party manufacturers.
    Furthermore, OnQ GradeControl, a MD control of basis weight and moisture, is also part of this first package. Additionally OnView information system archives and visualizes all process-relevant data from the tissue machine. OnView offers an adaptable user interface as well as expert tools for process analysis and optimization.
    Now, all products are integrated on the new ComCore platform from Voith which easily can be expanded at any time. The web based ComCore technology offers the opportunity to perform all interventions and call up all information about the various components and applications of the quality control system with one click.
    Thanks to extensive knowledge of the tissue making process and automation technology, Voith offers harmonized solutions. Paper makers can choose the right solution from a variety of products. For example Voith has just launched a new OnQ ModuleSteam T steam box for the quality control system of tissue machines.
    (Voith Paper GmbH & Co KG)
    22.05.2014   Mohawk Celebrates Strathmore with Launch of New Fine Paper Journals and Letterpress Papers    ( Company news )

    Company news Since 1892, the Strathmore name and the iconic thistle trademark have been synonymous with the finest American made papers. Now, Mohawk, North America’s largest privately-owned manufacturer of fine papers, envelopes and specialty substrates for commercial and digital printing, is celebrating its historic Strathmore fine paper brand with the launch of Strathmore Notes, a new line of fine paper journals, and the introduction of Strathmore Pure Cotton Letterpress Paper.

    Picture: Strathmore Notes

    The Strathmore brand has been revered by printers and designers for over 120 years, and trusted for its uncompromising quality and tactile beauty. Strathmore papers have been crafted to the same exacting standards since 1892 and used by graphic artists, novelists and writers to memorialize their most inspired moments.
    Inspired by the flora of Scotland’s Strathmore Valley, company founder Horace Moses adopted both the Strathmore name and the valley’s natural icon—the thistle—as symbols of quality for his papers.

    Introducing Strathmore Notes
    Mohawk proudly introduces Strathmore Notes, a new line of paper journals manufactured with the finest American-made paper designed to highlight the beauty of four Strathmore-legacy paper grades.
    Designed for beauty and longevity, each journal is made with the purest ingredients in Mohawk's family-owned paper mill in upstate New York using recipes more than 100 years old.
    Strathmore Notes are available in three paper styles, each featuring a felt-textured Grandee Charcoal Gray cover, with a distinctive, colorful, hand sewn spine and matching embossed thistle.

    -Strathmore Pure Cotton Paper – featuring luxurious 100% cotton-fiber paper with a crisp wove finish and the prestigious Strathmore Watermark, orange stitching and matching foil stamp, unlined pages
    -Strathmore Watermark Laid Paper – featuring luxurious 25% cotton-fiber paper with the prestigious Strathmore Watermark, turquoise stitching and matching foil stamp, unlined pages
    -Strathmore Premium Smooth Paper – featuring a luxurious, super smooth finish, magenta stitching and matching foil stamp, with an innovative linear pattern formed directly in the paper

    Journals are available in three sizes:
    -Small, 3.5 x 5.5 inches, 48 pages
    -Medium, 5 x 8.25 inches, 76 pages
    -Large, 7.5 x 10 inches, 96 perforated pages

    Each journal is individually packaged in beautiful, brightly colored wraps featuring designs depicting the iconic Strathmore thistle, complete with a selection of four customizable bookplates.
    Every Strathmore Notes journal is linked to enhanced content via Mohawk Live, Mohawk’s mobile augmented reality app. Journal users can utilize Mohawk Live to learn more about how the journals were made and the heritage of the Strathmore brand.

    Strathmore papers are FSC Certified and made carbon neutral.
    Strathmore Notes fine paper journals are available for purchase at, and will soon be available at and select retail locations.
    Richard Moross, CEO and Founder, explains, “We’re proud to be supporting what can only be described as a brilliant new chapter in the history of Mohawk's legacy of beautifully crafted products. Mohawk's new range is further proof that the touch, feel, and the effect of high quality stationery is a great way to spark and capture the right conversations."
    (Mohawk Fine Papers Inc.)
    22.05.2014   Marco Levi appointed President and CEO of Ahlstrom Corporation    ( Company news )

    Company news The Board of Directors of Ahlstrom Corporation has appointed Marco Levi (Doctor, Industrial Chemistry, photo) President and CEO of the company, effective June 16, 2014. Jan Lång will continue as President and CEO until June 15, 2014 and will thereafter as needed support Marco Levi as a special advisor in order to ensure a smooth transition of the responsibilities.

    Ahlstrom's Chairman of the Board, Pertti Korhonen:
    "Jan Lång has been leading Ahlstrom since January 2009. During his leadership, the company has gone through a significant transition in line with the strategy that was announced in 2009. The business portfolio has been restructured and the next phase of the company's strategy has been defined. In parallel, significant progress has been made in establishing the foundation for profitable growth. The planned restructuring of the business portfolio, including Munksjö and Suominen transactions, has now been successfully concluded. The time is now right to pass the leadership baton for the next phase of the strategic plan. I want to thank Jan Lång warmly for leading Ahlstrom through this challenging phase of transformation".
    Dr. Levi (b. 1959, Italian citizen) joins Ahlstrom from a leading materials company Styron ( where he was Senior Vice President and Business President of Emulsion Polymers. Prior to that, he has held various senior management positions at the Dow Chemical Company. Marco Levi's CV is available on Ahlstrom's internet site at
    "We are pleased to welcome Marco Levi to Ahlstrom. He has a strong track record in leading global materials technology business. His focus will be on increasing Ahlstrom's shareholder value by improving the profitability of the company and by creating profitable growth in line with Ahlstrom's strategy announced in September 2013", Pertti Korhonen says.
    (Ahlstrom Corporation)
    22.05.2014   Wausau Paper Introduces New Artisan™ Premium Towel Line    ( Company news )

    Company news Wausau Paper (NYSE:WPP) announced the launch of its new Artisan™ line of premium towels carefully crafted from the Company’s innovative ATMOS technology-enabled paper machine at Harrodsburg, Kentucky. Artisan products are brilliant white, remarkably strong, yet designed to provide a soft and thorough hand drying experience. The toweling has a clean and hygienic appearance as well as cloth-like durability and strength for exceptional performance. Artisan provides the pinnacle in premium while also supporting sustainability initiatives. Artisan is the only line of premium quality roll and folded towels that feature Green Seal™ certification. Towels are made from superior quality 100 percent recycled fibers providing premium appearance and comfort. Artisan towels, with their unique surface pattern, cater to high-end facilities seeking exceptional quality products that reinforce an upscale image.
    “The launch of our new Artisan premium towel line marks the culmination of several years of development and hard work throughout the Company to bring to market premium green,” commented Matthew L. Urmanski, president and chief operating officer. “Artisan is truly a one-of-a-kind product line marrying together the premium attributes traditionally found only in virgin-style products with the environmentally responsibility of Green Seal certification. As we continue to further our goal of becoming a complete green manufacturer across our entire paper brand portfolio, Artisan brings us ever closer to this vision.”
    (Wausau Paper Towel & Tissue Products)
    22.05.2014   Introduce your eco-technologies at PAP-FOR Eco Lounge!    ( Company news )

    Company news PAP-FOR welcomes exhibitors to demostrate their technologies and solutions for boosting ecological compatibility at PAP-FOR RUSSIA 2014 ECO LOUNGE!
    Energy and natural resourses saving technologies is more than just something to appeal to customers. It is usefull business practice delivering provable benefit and encreasing margins of production process.
    Eco Lounge zone unites these issues, showing how enterprises can apply eco-saving methods, how to choose equipment with a view to its environmental impact, how to minimise ecological harm and how to set up an environmental management system, etc.
    Eco Lounge is an eye-catching gallery attracting attention of exhibition participants to products and sustainable ideas applicable for the PPI industry, which is to care about ecological compatibility and its own efficiency.

    Eco Lounge participants will present their posters and printing collaterals containing the information about their energy-efficient technologies and production for reduction of emissions into environment, consumption of resources, application of renewable energy resources, etc.
    Price: EUR 950. Special offer for PAP-FOR 2014 exhibitors: EUR 530.
    Contact PAP-FOR organizers to apply for participation and to learn more about Eco Lounge.
    (Reed Exhibition Russia)
    22.05.2014   Valmet to supply new equipment as part of major rebuild for Siam Cellulose Co., Ltd. in Thailand    ( Company news )

    Company news Valmet will supply a part of a major rebuild and some new equipment to a pulp mill of Siam Cellulose Co., Ltd. (SCL) in Thailand. The mill is located in Wangsala, Kanchanaburi province. The value of the order is around EUR 30 million. The order is included in Valmet's second quarter 2014 orders received.
    The order includes an upgrade of the cooking plant and a fiber line rebuild. The new equipment delivery includes an evaporation plant (photo), a recovery boiler, an ash leaching plant and a non-condensable gas treatment (CNCG) collection and burning system. The rebuilt plant is planned to be in operation in the beginning of 2016.
    "We chose Valmet based on our earlier successful experience with the Phoenix Mill's recovery boiler performance and CompactCooking G2 technology," says Surasak Amawat, Managing Director of Siam Cellulose Co., Ltd.
    "This order continues our successful cooperation with Siam Cellulose, and proves our commitment to move our customers' performance forward with fit-for-purpose and value-adding solutions", says Anil W. Purankar, Vice President, Pulp and Energy Business Line, Asia Pacific, Valmet.

    Details about the order
    The existing cooking plant will be converted to Compact Cooking G2 by adding an ImpBinTM impregnation system, a decision based on the successful experience of improved pulp quality in Phoenix mill. The rebuild of the fiber line includes installation of Delta screens, wash presses, screw conveyors and medium consistency pumps.
    The new evaporation plant will replace the existing plant and support the need for increased pulp production. The new RECOX recovery boiler is a repeat order from SCG Paper and will replace the existing boiler and increase the pulp production capacity. The new ash leaching system will help the mill to maintain low levels of potassium (K) and chloride (Cl).
    (Valmet Corporation)
    22.05.2014   marks‐3zet introduces new compact "One® Autoloader"    ( Company news )

    Company news Fully automated imaging of waterless and conventional thermal plates.

    Picture: The new One® Autoloader by marks‐3zet in combination with the 8‐page CtP platesetter „One® CtP 1100“.

    One® Autoloader, our new top‐quality and fully automated plate loading system, supports a wide range of printing plate formats (240 x 300 mm to 850 x 1,075 mm).
    Along with a processing machine, a transport bridge and a plate stacking unit, One® Autoloader provides the operator with a reliable system for the automated production of printing plates.
    The compact and highly accessible system in a modern Italian design contributes directly to an increase in productivity: The automated plate loading ensures a continuous production flow, resulting in a more efficient and cost‐saving production process. The system guarantees a safe and automated removal of interleaving paper.
    The new plate loader provides maximum operator convenience. To facilitate the plate changing process, One® Autoloader by default is equipped with two plate trolleys and two plate cassettes, each of which can be loaded with up to 130 plates.
    You are welcome to inspect and test the new One® Autoloader at our Democenter in Muelheim an der Ruhr, Germany, at any time.
    (marks-3zet GmbH & Co. KG)
    22.05.2014   Interpack debut for fastest sealing system - which is boosting production for UK snacks manufacturer    ( Company news )

    Company news Interpack is the official launch pad of Endoline’s 744 Fully Automatic Random Case Sealer and the company has now revealed that the system, which is believed to be the fastest of its type on the market, has boosted the output of a crisp packing line within a leading UK snacks manufacturer.

    The servo driven case sealer - up to 50% FASTER than current case sealing equipment - was integrated into the manufacturer’s UK snack food packing facility at the start of the year. Significantly the system is sealing cases on a high-speed packing line which had previously, during busy periods, been serviced by TWO separate case sealers. “A single 744 case sealer has the capacity to pack up to 10 boxes per minute more than the combined speed of the two individual case sealers.” Comments Alan Yates, Endoline’s Managing Director.

    As one of the UK’s leading manufacturers of savoury snacks this manufacturer supplies household crisp brands to supermarket and retail outlets across the UK however these are packed into boxes of various sizes, depending on the brand and retail demand. Sealing the filled crisp boxes was previously inefficient as the two long-standing case sealers were unable to process the high throughput of the packing lines and there was a consistent back-log of packed boxes ready for sealing however the 744 has given them greater capacity for increased output - running at speeds of up to 30 crisp boxes per minute. To handle the high volume of random case sizes at speed Endoline have integrated a barcode reader at the collation stage of the 744 to instantly read each box as it comes through and the sealing head adjusts itself accordingly.

    The fast throughput speed is achievable through the use of high reliability servo drives. Endoline is set to broaden their range of electric-servo machines alongside their more conventional pneumatic machines - and the launch of random, servo-driven case erectors is imminent. Introducing this technology allows for a number of benefits such as increased speeds, increased integration, and reduced manual interventions. The company recognises that flexibility is a current hot topic and, coupled with the need to drive efficiency, Endoline are enhancing their range of random machinery to reflect this demand.

    Suitable for contract packers, snack manufacturers and on line vendors the 744 Fully Automatic Random Case Sealer, which was originally designed and built specifically for a global snacks manufacturer, is ideal within any line where increased production output is desired and a variety of case sizes are required to be packed and sealed. “A growing number of manufacturers, particularly within the food industry, have to pack a range of different case sizes to meet retailer demands who are broadening their consumer offering to meet a diverse taste range. From singular packs and smaller refill packs to multiboxes of crisps for bulk purchase.” Explains Alan: “We believe that the 744 is the fastest machine of its type on the European market.”
    (Endoline Machinery Limited)
    21.05.2014   Södra's interim report January-April 2014: Positive performance and clear path forward    ( Company news )

    Company news Picture: Lars Idermark, CEO; Photographer: Ola Kjelbye

    Södra's operating profit improved to SEK 503 million (loss: 99) during the first four months of the year. The profit increase is primarily the result of higher demand and prices and a lower cost level.

    Net revenue amounted to SEK 5,838 million, corresponding to an increase of 5 per cent compared with the year-earlier period. Consolidated operating profit totalled SEK 503 million and all business areas reported positive and improved earnings. Profit after finance income and expenses improved to SEK 477 million. The result includes income of EUR 18.8 million from the sale of equipment from Södra Cell Tofte.

    "We have had a good start to the year with favourable performance and better earnings for all of Södra's business areas. The improvement is due to our own efforts and better market conditions. The trend for the remainder of the year is largely dependent on market and exchange rate developments," commented Södra's President and CEO Lars Idermark.

    "Södra's path forward is clear and we are working in line with our newly established Group strategy, in which an important step is the expansion of the Värö pulp mill. The project entails an investment of slightly more than SEK 4 billion and an increase in pulp production capacity from the current 425,000 tpy to 700,000 tpy at Södra Cell Värö," Idermark added.
    (Södra Cell AB)
    21.05.2014   EU Ecolabel granted for Stora Enso's graphical boards    ( Company news )

    Company news Stora Enso can now offer its graphical boards Ensocoat and Chromocard with the EU Ecolabel Certificate, which confirms that the boards fulfil the European Commission’s ecological criteria for copying and graphic paper.
    ​“The EU Ecolabel stands for environmental excellence and is awarded to products and services that meet high environmental standards throughout their life-cycle, from raw material procurement to production, distribution and disposal. We are proud that our graphical brands qualified for the certificate, which will provide our graphical customers opportunities to gain competitive edge in their markets,” says Eva Lundqvist, Graphical Boards Segment Development Manager.
    Customers using the boards with the EU Ecolabel can further apply for the certificate to be used in their products, in order to effectively communicate their sustainability to consumers who are increasingly aware and keen on choosing environmentally sound products.
    Also Stora Enso’s board grades Performa White, Performa Bright and Performa Cream are available with the EU Ecolabel when used for graphical end use areas. The EU Ecolabel criteria includes strict requirements for board production, including the use of certified fibre, limitations of harmful substances and emissions, restrictions on energy use, and implementation of waste management systems. The same environmentally sound processes are used in packaging board production, although the EU Ecolabel only applies to graphical end use areas.
    (Stora Enso Oyj)
    21.05.2014   60% purer water in SCA's tissue mill in France    ( Company news )

    Company news SCA’s tissue mill in Gien, France, has improved the quality of its production water by 60% thanks to a new biological water treatment station. The mill not only meets SCA’s objective to equip all manufacturing locations with biological water treatment before 2015, but also has cleaner water than required in forthcoming EU regulations. It’s so clean that is can be reused in production, replacing freshwater.
    “The new biological water treatment station is a perfect example of SCA’s commitment when it comes to the environment. It places SCA among the best industrial companies and Gien among the most sustainable mills in France”, explains Jean-Noël Dubus, Quality & Environment Manager at the Gien mill.

    How does it work?
    In order to be more efficient, the Gien mill combined two processes, by adding a biological process to the existing physical chemical treatment. The biological process improves by 60% the industrial water quality of the mill. Jean-Noël Dubus explains:“The existing physical chemical processes allow us to maintain our water and gas outputs much lower than the levels required in the European regulation. The new biological treatment further reduces the polluting emission of our industrial waste waters by using micro-organisms which eat organic pollution like sugar, greases, proteins etc. The water is now so clean that is can be reused in production, replacing freshwater.”

    SCA ahead of stringent regulation
    “Regulation about industrial waste evolves very fast in Europe. For companies, it’s a real opportunity to anticipate these new regulations”, comments Bruno Voisin, Mill manager of SCA Gien mill. “In the future, the mills will have to comply with new regulations about industrial emissions. The mill in Gien decided to anticipate the future requirements thereby positively positioning SCA as one of the most sustainable tissue producers in France.”
    (SCA France SAS)


    The potential of Avery Dennison liner recycling initiatives has been confirmed as Belgian label converter Reynders_Label Printing recently signed up for the new paper liner recycling program, initiated by Avery Dennison and operated by Smurfit Kappa.
    “With an annual disposal of more than 300,000 ton of liner waste in Europe, there is significant potential for this recycling program”, says Xander van der Vlies, sustainability director at Avery Dennison Materials Group. “With the right discipline and with all members of the value chain taking ownership, liner recycling will decrease the overall carbon footprint and avoid the disposal costs of the liner.”
    Through the Avery Dennison paper liner recycling program, Reynders offers a collection system to its end users, picking up their siliconised paper liner waste and combining it with other paper and corrugated board waste streams. Johan Lievens, Quality Assurance manager at Reynders states that recycling is a growing business priority and the new arrangement offers significant benefits: “We know where the material is being processed and Smurfit Kappa certifies that all our paper waste – including the siliconised paper liner – is recycled into the production of new corrugated board.”
    Leon Graff, Managing Director of Smurfit Kappa Recycling Benelux, acknowledges: “Making use of our existing collection infrastructure and combining the liner-waste collection with other paper- or corrugated board waste categories, enables us to reach the critical mass needed to handle the complex logistics around liner recycling.” Similar to other recycling programs, the liner waste has to meet certain quality conditions for our recycling process.
    The Avery Dennison-Smurfit Kappa Recycling program is not only available in the Benelux but also in Germany and the UK. More label converters and brand owners are invited to participate in this environmental as well as economical beneficial program.
    (Avery Dennison)
    21.05.2014   PAPER-ME 2014 Your Choice for Sustainable Success    ( Company news )

    Company news PAPER-ME 2014 The 6th International Exhibition for Paper, Board, Tissue, Printing & Packaging Industry, which will be held on October 22nd - 24th, 2014 at Cairo International Convention Center (CICC), Cairo, Egypt, Halls (1,2,3).
    Taking place annually, PAPER-ME 2014 is the No. 1 exhibition for Paper Industry in the Egyptian and MENA markets, with an exhibiting portfolio that includes Paper Products, Corrugated Board, Machinery, Equipment, Spare Parts, Raw Material, Printing Technology and Industrial Solutions.

    Top Benefits of Participating @ PAPER-ME 2014:
    »Compare products and services from more than 200 Exhibitors.
    »Meet Trade buyers from over 35 African, Gulf and European countries
    »Be part of our Business Matchmaking Program.
    »Discover Africa and Middle East new opportunities that will give you the edge over your competitors.
    »Accelerate your business growth and drive your profits ahead.
    »Meet and network with potential suppliers, customers and partners from around the world
    »Get in touch with your beers and evaluate your competitors.
    »Make the best informed decisions and future strategies
    »Gain media coverage.

    APER-ME 2014 delivers unprecedented access to the region's key decision-makers and a diverse set of trade visitors coming from across all Paper & Printing segments for unique one-to-one networking opportunities.
    Join PAPER-ME 2014 today. Your Choice for Sustainable Success!
    (Nile Trade Fairs)
    21.05.2014   Acquisition of Carter Holt Harvey Limited’s Pulp, Paper and Packaging Businesses    ( Company news )

    Company news Oji Holdings is pleased to announce that our board of directors resolved to jointly acquire the pulp & paper business of Carter Holt Harvey Limited (“CHH”), Carter Holt Harvey Pulp & Paper Limited (“CHHPP”) and certain related companies (collectively “CHHPP Group”) with Innovation Network Corporation of Japan (“INCJ”) and executed a share purchase agreement for the transaction. CHHPP Group manufactures pulp, paper and packaging products in New Zealand and Australia. CHHPP Group is ultimately owned by Rank Group Limited. The transaction is subject to, among others, relevant regulatory approvals.

    1. Transaction Background
    In recent years, we have been aggressively expanding our overseas businesses, particularly in Southeast Asia and other emerging markets where strong growth for pulp & paper market is expected. We position paperboards and packaging products as our core products and have either acquired or built a total of 21 plants/facilities (including on-going green-field projects) in Southeast Asia and India over the past few years.
    Further, we have been focusing on the forest resources business. We have been operating Pan Pac (plantation forests, lumber-processing and pulp business in New Zealand), CENIBRA (plantation forests and pulp business in Brazil) and a number of other plantation assets in Southeast Asia and Oceania, with an aim to further expand the business in Japan and globally in the near future.
    CHHPP Group’s 3 main businesses:

    Pulp Business: Benefitting from its regional advantage with access to abundant softwood supplies, CHHPP manufactures bleached/unbleached softwood kraft pulp products such as NBKP and NUKP. The acquisition of CHHPP will allow us to offer broader products and solutions to our customers adding to our Pan Pac's BCTMP and CENIBRA's LBKP.

    Paperboard Business: Using its softwood kraft pulp as the key raw material, CHHPP manufactures paperboard products which are known to be more intense and stronger than recycled paperboard products that are provided by its competitors in Asia. As the market in Asia continues to expand, we seek to market CHHPP’s outstanding products to various customers to meet their needs for durability, while using CHHPP’s paperboards as raw material for our own packaging products going forward.

    Packaging Business: CHHPP Group manufactures packaging products in 5 facilities in New Zealand and Australia, in addition to its paper bag and paper cup businesses. As we expect that the trade volume among Asia Pacific Rim countries continues to increase, we believe that the business will grow in parallel with robust demand in the region.

    Other important points is that the acquisition of CHHPP Group would also provide us with access to softwood resources, whereby expanding Oji Group's wood product business in the region and allowing us to develop and market its advanced materials as well as new materials made from woods.
    Our co-investing partner, INCJ is a corporation incorporated in 2009 under the Industrial Competitiveness Enhancement Act. Jointly funded by the Japanese government and 26 Japanese private enterprises, INCJ aims to provide financial, technological and management support to promote the creation of next-generation businesses through “open innovation” achieved by increasing the flow of technology and expertise beyond the boundaries of existing organizational structures. INCJ fully appreciates and understands the importance of Oji Group's global expansion strategy, and seeks to support us so as to strengthen Japanese presence in global forestry sector and potentially create further expansion opportunities for other Japanese corporations.
    (Oji Holdings Corporation)
    21.05.2014   Valmet to supply a complete boiler plant to Hamburger Hungaria Power in Hungary    ( Company news )

    Company news Valmet will supply a complete boiler plant to Hamburger Hungaria Power in Dunaujvaros, Hungary. The new plant will provide more sustainable energy production by enabling the use of renewable resources. The value of the order is about EUR 50 million. The order was included in Valmet's first quarter 2014 orders received.
    The new power plant will produce electricity and steam for Hamburger Hungaria's containerboard mill that operates two paper machines. It will replace the existing gas-fired boiler plant that produces steam only, and enable Hamburger Hungaria Power to use a wide range of solid fuels, biomass, coal as well as containerboard rejects and sludge, in energy production instead of natural gas. The new boiler plant will go on stream by the end of 2015.
    "Hamburger Hungaria has a state-of-the-art paper production, but neither the co-generation potential, nor the energy content of its waste have been utilized so far. These deficits will be corrected by the EUR 150 million power plant project, which will bring the mill to the group of elite also in respect of energy efficiency and waste management. Based on earlier experience, Valmet - as the most important supplier - has a good fit to the challenges of our project," says Dr. Szikla, Managing Director of Hamburger Hungaria Power.
    Valmet's delivery will include a complete boiler plant including a CYMIC boiler based on circulating fluidized bed (CFB) technology and flue gas cleaning to ensure low emissions. The boiler will have a capacity of 158 megawatts (MW) of steam at 113 bar, 520 degrees Celcius. The power plant will produce 42 MW of electricity. Valmet's CYMIC boiler combines high-efficiency combustion of various solid fuels with low emissions, even when burning fuels with completely different calorific values at the same time.
    (Valmet Corporation)
    20.05.2014   Södra and Statkraft initiate biofuel collaboration     ( Company news )

    Company news Statkraft and Södra have signed a letter of intent to create a company with the aim of establishing production of biofuel based on forest raw material in the future. The agreement means that Statkraft will acquire Södra Cell Tofte AS, which owns the industrial site of the former Tofte pulp plant in Hurum, Norway.
    Biofuel plays an important part in the drive to achieve national and international targets for reducing climate emissions from the transportation sector. It is predicted that authorities will provide incentives to stimulate an increased mix of sustainable biofuel in oil-based fuels.
    "Statkraft views biofuel as an interesting area in renewable energy. I believe that the collaboration with Södra will be a solid basis for development of the project," said Statkraft CEO, Christian Rynning-Tønnesen.
    "Södra is monitoring with great interest the technology developments and the business opportunities presented by the use of forest raw materials for industrial production of climate-neutral fuels. We have also enjoyed good collaboration with Statkraft in the past and look forward to joining the two companies' expertise and experience in this project," commented Södra's CEO Lars Idermark.

    Infrastructure already in place
    The letter of intent means that Statkraft will take over all of the shares in Södra Cell Tofte AS and that Södra and Statkraft will form a new biofuel company in which Södra will own a 49 per cent share and Statkraft a 51 per cent share.
    The Tofte industrial site is favourably situated for a future venture into the area of biofuel. The location has an established infrastructure that can handle large volumes of wood, and it is located centrally in Eastern Norway, with a good deep-water port.
    (Södra Cell AB)
    20.05.2014   Greif, Inc. Appoints Lawrence A. Hilsheimer as CFO    ( Company news )

    Company news Greif (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, announced today that Lawrence A. Hilsheimer has joined the company as Executive Vice President and Chief Financial Officer.
    Hilsheimer will report directly to President and Chief Executive Officer David Fischer. As CFO, Hilsheimer will oversee the controller functions, treasury, investor relations, information systems, tax and internal audit.
    “Larry’s demonstrated track record as a successful CFO and his extensive business expertise make him the perfect candidate to step into this critical role,” stated David Fischer, CEO. “This is an important time for Greif as we position the company for sustained profitable growth. Larry brings a deep understanding of financial operations and experience driving material improvements in business operations. Further, Larry is a perfect fit for the ‘Greif Way,’ the culture of our company which has been rooted in ‘The Golden Rule’ for over 137 years. After an extensive and thorough search for the right person, I am pleased to welcome Larry to Greif, and look forward to working closely with him.”
    Fischer added, “With the recent hiring of David Lloyd as Corporate Financial Controller, the promotion of Chris Luffler as Business Managerial Controller and the appointment of Larry as CFO, we have in place an exceptional team with the experience necessary to ensure we achieve both the financial goals and long term growth objectives of the company.”
    Hilsheimer most recently served as Executive Vice President and CFO for Scotts Miracle-Gro Company (NYSE: SMG). He came to Scotts from Nationwide Mutual Insurance Company. At Nationwide, Hilsheimer first served as Executive Vice President and CFO before becoming President and COO of a number of Nationwide’s operating units. Before Nationwide, Hilsheimer spent more than 28 years at Deloitte & Touche LLP, over 20 of those years as a partner in various leadership roles, including Vice Chairman and Regional Managing Partner.
    Hilsheimer holds a BSBA degree from The Ohio State University and a Juris Doctor degree from Capital University Law School.
    (Greif Inc.)
    20.05.2014   Veolia to Supply New Black Liquor Evaporation System to Klabin    ( Company news )

    Company news Klabin S.A. will utilize Veolia's HPD® black liquor evaporation and process technology for its mill project in Ortigueira, Paraná, Brazil. The new, seven-effect system will have an evaporation capacity of 1,700 tons per hour and will include several integrated features to optimize the recovery process. When the project is completed in early 2016, the mill will have an annual pulp production capacity of 1.5 million metric tons.
    The HPD® evaporation system is designed to process weak black liquor to 80% total solids and will utilize falling film technology. A switching system used above critical solids will provide for a continuous wash of one of the four first-effect concentrator bodies. The system is designed to minimize total steam and power usage, as well as minimize boil-out requirements while maintaining high, on-stream delivery of 80% liquor to the boiler.
    The equipment also includes a foul condensate stripping system, a methanol rectification and handling system, NCG (non-condensable gas) collection, and features a condensate segregation system to allow control of flow, temperature, and quality of water for reuse in the mill. A CRP™ (Chloride Removal Process) System will also be integrated into the process as an effective technology to remove non-process elements from the recovery cycle while recovering sodium to reduce chemical makeup costs.
    (Veolia Water Technologies)
    20.05.2014   50 years of experience in valve design     ( Company news )

    Company news The company Gebrüder Müller Apparatebau GmbH & Co. KG – GEMÜ for short – based in Ingelfingen, Baden-Württemberg, is celebrating its 50th anniversary this year. Founded by Fritz Müller in his parents' garage, the manufacturer of valves, measurement and control systems can now look back on an impressive history.
    When the first process valve made of plastic was delivered by GEMÜ in 1964, nobody suspected that this one-man operation would develop into a company with 1400 employees and 24 subsidiaries all over the world within the next 50 years. With Gert Müller as Managing Director, the second generation answered the call of the family company in 2011.
    Thanks to its consistent innovation and an emphasis on quality and customer focus, GEMÜ has developed into the world market leader in the area of valve designs for all main and auxiliary processes of the pharmaceutical and biotechnology industries.
    One core area of expertise of GEMÜ is, for example, its multi-port valve blocks milled from block material. Originally made of stainless steel, these allow a plant to be designed much more compactly and, at the same time, more flexibly. These requirements are also becoming increasingly important in plastic plant engineering. The company's decades of experience in stainless steel block construction and manufacturing produces synergies, which are now also applied to the manufacturing of plastic multi-port valve blocks.
    This expertise makes GEMÜ the technological leader in the field of complex multi-port valve blocks made of plastic. With its broad product range, GEMÜ can offer solutions for a wide range of customer groups. This product variety, combined with an active customer focus, makes GEMÜ the right partner for a very wide range of applications in the field of valves, measurement and control systems.
    The company also offers state-of-the-art products for the increasing levels of electrification and automation now used in plant engineering. GEMÜ already offers its customers a relevant range of components and systems. For example, electric actuators for globe and control valves, butterfly valves and diaphragm valves. Depending on the version, these can be equipped with the corresponding positioners or process controllers as standard or connected to commonly used communication interfaces.
    The company and its employees look forward to developing new innovations and mastering new challenges in the future together with customers and suppliers.
    (GEMÜ Gebr. Müller Apparatebau GmbH & Co. KG)
    20.05.2014   Pulpaper 2014 Helsinki - Press Invitation    ( Company news )

    Company news The countdown has started, it is no more than 14 days until the opening of the industry event of the year! We would like to welcome all members of the press to Helsinki and an event packed with networking, knowledge, innovations and new ideas.
    Don't forget to register for Press Accreditation using this link. This will give you access to the conference sessions as well as the exhibition. A press kit will be available on-site, both in Finnish and in English.
    The official event press conference is held on 3 June at 12:00 - 13:00 in room 201 in the Congress Wing. Sari Liukkonen, VTT and Markku S. Korpela, MS Korpela Consulting on behalf of AEL, will give you information about the PulPaper 2014 Conferences; Biofuture for Mankind and IMPC 2014 International Mechanical Pulping Conference. Information about the PI 100th anniversary celebrations and the PulPaper Exhibition will follow on this.
    Please note that the Opening Ceremony of the event, is taking place on 3 June at 10:00 - 12:00 in room 101 of the Congress Wing.

    For press releases from organizers and exhibitors, visit the official website. Here you can also find Pulpaper logos, banners as well as pictures from previous PulPaper events.
    There are several areas around the premesis of Messukeskus that is suitable for holding interviews; the Tieto Business Center, the Media Partner Center and the Press Center are a few of them but if you would like to book a private meeting room contact Janna Ylönen (, Ph +358 50 570 7390) for available slots and prices.
    We welcome you to Helsinki and PulPaper 2014!
    (Adforum AB)
    19.05.2014   Mondi Coatings develops sustainable collection bag for Nespresso     ( Company news )

    Company news Following intensive product development, Mondi Coatings has introduced an innovative paper-based bag coated with Sustainex®, Mondi’s biodegradable, compostable and recyclable biopolymer solution. The novel bag will be launched as a collection bag for the Nespresso recycling programme. Thanks to the biopolymer extrusion coating of the FSC™-certified paper and a sealing strip, the bag can be safely closed and sealed against moisture.
    Nespresso introduced a collection and recycling system for used aluminium capsules as part of the Nespresso Ecolaboration™ programme in 2009 with currently over 1'300 recycling collection points in Austria, adding up to a recycling capacity of 84%. According to the company, recycled aluminium generates only 5% of the CO2 emissions that are associated with primary aluminium. In order to offer its customers the utmost convenience, Nespresso Austria asked Mondi to develop a customised collection bag that reflects its sustainability principles.
    Ranking among the pioneering companies that attach strategic importance to bioplastics, Mondi Coatings has assumed a leading role in the development of sustainable packaging. Sustainability and convenience are key elements of this product innovation. The aim was to create a collection bag that perfectly puts the Nespresso sustainability commitments into effect. Mondi was therefore identified as the ideal partner for satisfying the strict environmental and convenience demands of this project. Within a short period, Mondi Coatings originated the perfect solution: a paper-based bag made of FSC™ (Forest Stewardship Council) certified paper with a Sustainex® coating. The collection bag is made from renewable raw materials (up to 85%) and the paper and coating are fully biodegradable according to DIN EN 13432.
    The novel solution offers utmost stability thanks to the rigidity of the FSC™ paper and the rectangular flat bottom. "The use of paper in combination with Sustainex® supports both the look & feel and the high environmental requirements that Nespresso envisioned," explains Michael Strobl, Managing Director Mondi Extrusion Coatings. Thanks to excellent sealability and its grease and moisture barrier, Mondi’s Sustainex® ensures maximum safety and tightness. Furthermore, the biopolymer coating is thermo-sealed and largely dispenses with glue, thus making this packaging an eco-friendly and biodegradable solution. "Both companies, Nespresso and Mondi, are strongly committed to sustainability and innovation," continues Strobl, before concluding. "Thanks to our in-depth know-how of biopolymers and various packaging technologies, we were able to develop a truly perfect solution in cooperation with Nespresso."
    „Recycling of capsules is one of the major corner stones of the Nespresso Ecolaboration™ programme. As market leader, we value corporate responsibility and are proud of our independent recycling system. In close collaboration with leading experts, we want to make it as convenient as possible for our club members to collect coffee capsules. Thanks to the new Nespresso Recycling Bag we are confident to increase our recycling rate even more", comments Dietmar Keuschnig, Market Director Nespresso Austria on the innovative recycling bag. The collection bag offers customers maximum convenience – once the bag is full, it can safely be closed with the help of a sealing strip and then easily transported to one of 1.300 local recycling points. Both the bag and the coffee are fully compostable and the aluminium is infinitely recyclable – a perfect example of Ecolaboration™ in action.
    (Mondi Europe & International Division)
    19.05.2014   Södra chooses NCC for earth, civil engineering and construction works at Värö    ( Company news )

    Company news Södra has commissed NCC to conduct earth, civil engineering and construction works in connection with the expansion of the Södra Cell Värö pulp mill. NCC will initiate the planning process immediately with construction expected to start in September.
    In early 2014, Södra took the strategic decision to invest just over SEK 4 billion to expand capacity at the Södra Cell Värö pulp mill. Pulp production capacity will increase from approximately 425,000 tpy today to 700,000 tpy. On completion of the project, Värö will be the world's largest softwood sulphate pulp mill.
    The first step in the expansion of Värö has been the selection of contractor to carry earth work, civil engineering and construction works. As part of the procurement process, Södra has chosen NCC Construction Sweden, which will immediately initiate planning, with construction work expected to start in September.
    The investment in Värö will ensure that the mill will be even more energy efficient. Södra Cell Värö is already independent of fossil fuels for day-to-day operations and, with this expansion, will be able to increase production of surplus heat for district heating or electricity generation.
    The project will create 400 full-time jobs over a ten-year period. In the long term, the investment will also create some 20 new jobs at the mill and 220 employment opportunities in surrounding businesses.
    Completion is scheduled for the third quarter of 2016.
    (Södra Cell AB)
    19.05.2014   Elizabeth Talerman Appointed to Mohawk Board of Directors     ( Company news )

    Company news Mohawk, North America’s largest privately-owned manufacturer of fine papers, envelopes and specialty substrates for commercial and digital printing, has named Elizabeth Talerman to its Board of Directors.
    Talerman is chief executive officer and managing partner of Nucleus, a New York-based brand strategy firm, and has spent more than 28 years working with leading brands in the consumer, business, and non-profit sectors building sustainable brand value and delivering profitable business results.
    Before launching a brand strategy practice in 2002, Elizabeth was founder and CEO of Agile Industries, a pioneering digital marketing agency. She’s also held senior positions at Ogilvy, Ingalls Advertising, and The Harvard Business School. Her early career includes experience in direct marketing for the financial services and telecommunications industries.
    Elizabeth teaches at Columbia University’s Strategic Communications Master’s Degree Program, The School of Visual Arts Master’s in Branding Program and serves on the board of Virginia Commonwealth University Brandcenter.
    Talerman is a graduate of The University of Massachusetts, Dartmouth.
    “Elizabeth’s experience working with global brands will add an increased level of strategic knowledge to our team, and her perspective will be invaluable to Mohawk’s business. We look forward to Elizabeth’s contributions as we continue to innovate and grow the Mohawk brand,” said Thomas D. O’Connor, Chairman and Chief Executive Officer, Mohawk.
    (Mohawk Fine Papers Inc.)
    19.05.2014   Portucel informs on investment in Cacia mill    ( Company news )

    Company news Under and for the purposes of Article 248 of the Securities Code, we hereby disclose that, following the application by its subsidiary CelCacia – Celulose de Cacia, S.A. to the Special Regime for Innovation Incentives, Portucel S.A. was notified of the approval of a global package of tax and financial incentives by the Portuguese Agency for Foreign Commerce and Investment (AICEP).
    This application aims the expansion of the production capacity of the Cacia pulp mill, with a global estimated investment of 56.3 million euros. The approved incentives include 11.260 million euros of reimbursable financial incentives and 6.756 million euros of tax incentives. The agreement contemplates a realization premium, which corresponds to the conversion of up to 75% of the reimbursable incentive into non-reimbursable incentive, subject to the completion of a certain number of objectives.
    The time limit to complete this investment project is June 30th 2015.
    (Portucel Empresa Produtora de Pasta e Papel SA)
    19.05.2014   Agfa Graphics' Anapurna M3200i RTR with dual roll and mesh options at FESPA Digital    ( Company news )

    Company news The mid- to high-end wide-format Anapurna M3200i RTR is one of the first models in Agfa Graphics’ enhanced Anapurna i-series, offering high productivity and quality at the most attractive price. At FESPA Digital (Munich, Germany, May 20-23), it will be shown with a dual-roll and mesh option.

    Incorporating the latest generation of 6-color (CMYKLcLm), high-resolution print heads, the sturdy 3.2m wide roll-to-roll UV-curable Anapurna M3200i RTR printer achieves up to 116 m² per hour output in express print mode.
    At FESPA Digital, the Anapurna 3200Mi RTR – featuring a new design – will be shown with two additional options:
    -The dual roll option makes it possible to simultaneously print jobs on two rolls of the same media type, each up to maximum 60 inch wide. Material loading and handling is convenient and efficient.
    -The mesh option makes it possible to print on mesh without liner, thanks to a special gutter underneath the printing area containing an ink absorbing medium. This option broadens the system’s application scope.

    Thanks to the ‘thin ink layer technology’, Agfa Graphics’ large gamut of UV-curable inks enable printing on a broad range of flexible materials, including top quality banners, self-adhesive vinyls, and front- and back-lit graphics. These inks deliver the highest quality prints with the lowest ink consumption per square meter in the industry.
    All Anapurna's come with Agfa Graphics’ Asanti workflow for the sign and display market, which adds color management and automatic preflighting. This not only provides consistent quality but also minimizes errors, thus increasing productivity and saving time. Asanti is completed by the Asanti StoreFront cloud-based web-to-print system, which comes as an optional low-investment SaaS solution.
    Agfa Graphics is exhibiting at FESPA Digital 2014 in Munich, 20-23 May 2014.
    The Anapurna M3200i is immediately commercially available.
    (Agfa Graphics NV Zweigniederlassung Düsseldorf)
    19.05.2014   Pulpaper 2014 Helsinki - Event News    ( Company news )

    Company news Days until opening: 14

    With 14 days left until the opening of the industry event of the year, the PI 100th anniversary gala evening and the excursion to Jyväskylä are all booked out. Now is the time to sign up for the PulPaper Conferences!
    To save time upon arrival at the exhibition, pre-register your visit free of charge and print your badge. Pre-registered visitors will be in the draw to win a lunch for 2 persons at any of the Fazer Restaurants at the venue.

    Time to sign up for the PulPaper conferences
    With only 14 days until the opening, it is time to sign up and secure your participation at the PulPaper 2014 Conference. Industry experts will be sharing the latest information on industry news and innovations. One of them is Peter Axegård from Innventia, who will talk about "Lignin - a new opportunity for cost-efficient carbon fibers". Ali Harlin from VTT will talk about "Integrating new material value chains to existing pulp mills" and Harry Epstein from Quadrant Management Consulting will fill us in on "Drivers behind decisions in choosing mateirals for the future".

    Interesting panel discussion at the stage of Company and Product Presentations
    On popular demand, participants of the PulPaper event have the opportunity to hear exhibiting companies present their latest research results, new products and technical/market innovations relating to the global pulp and paper industry. At 1 pm on Thursday, 5 June, the panel discussion on the hot topic of "Bio-based economy - hype or real business?" will be taking place, moderated by Mr Jan Erola, Finnish journalist and TV personality and featuring the following debaters:

    Michael Carus, CEO, Nova-Institut
    Mikael Hannus, Vice President, Biorefinery, Stora Enso
    Risto Näsi, CEO, Forchem
    Dr Panu Tikka, Prof., SciTech-Service Oy Ltd
    (Adforum AB)
    16.05.2014   Stora Enso launches LennoKraft - a one-side coated glossy kraft paper    ( Company news )

    Company news Stora Enso broadens its packaging paper offering with LennoKraft, a white, one-side coated kraftpaper. LennoKraft can be used for various packaging applications for the food and non-foodindustries.
    ​“With the launch of LennoKraft, Stora Enso broadens its packaging paper range with a white coated kraft paper that offers a novel product to the kraft paper market. Unlike conventional coated papers, LennoKraft features high tensile and tear resistance, coupled with high stiffness and excellent bending and burst resistance. The coated kraft paper also stands out thanks to its high bulk and high opacity. Its strength characteristics and visual appearance make it an ideal choice for
    a variety of packaging applications,” says Eckhard Kallies, Vice President Stora Enso Speciality Papers.
    LennoKraft is produced at Stora Enso’s Uetersen mill in Germany in basis weights of 90, 110 and 140 g/m². Its white, glossy surface support printing of attractive images in gravure, flexographic and offset printing. LennoKraft contains no optical brighteners and is suitable for the production of food packaging. According to BfR recommendation 36 and FDA, LennoKraft is suitable for direct contact with dry, moist and fatty foodstuffs. Applications include, for example, single- or multiwall
    bags and sacks, grocery bags, pouches banderols and envelopes. LennoKraft can also be used for lamination and extrusion coating.
    (Stora Enso Uetersen Mill)
    16.05.2014   Compatibility of ecology and economy for the paper industry    ( Company news )

    Company news The specific focus of Voith Paper’s innovations is that they should be ecological improvements on their predecessors and at the same time offer distinct cost advantages. Only resource-conserving and efficient plants and products will make a company competitive and enable long-term, sustainable production.

    Picture: LEF technology (LowEnergyFlotation)

    The product innovations the company has launched in recent years and months prove how this concept is clearly embedded at Voith. The focus of the company’s R&D activities is on solutions that reduce consumption of fibers, water and energy and incorporate outstanding technology.
    One such example is CTC (Controlled Thermal Conversion) technology, which converts the waste de-inking sludge from recycling fibers in the papermaking process into reactive minerals and thermal energy. The CTC process does not result in any non-recyclable waste and the steam generated can be used directly in the paper mill. In a Dutch industrial facility around 50,000 t/a reactive minerals are being produced from 200,000 t paper sludge, while a steam turbine at the same location is generating 4 MW electricity. This also results in a CO2 reduction of around 20,000 t/a compared with using gas-fired boilers to produce the same volume of steam.
    The company is also working on sustainable solutions for stock preparation, with its LEF technology (LowEnergyFlotation) representing a breakthrough in the energy-efficient removal of printing inks. At the heart of the LEF are the newly developed injectors. Combined with modified pumps they result in a reduction in energy consumption in the flotation process of up to 50%.
    Another resource-saving innovation from Voith is HydroSeal, a patented sealing strip system with integrated lubrication for all suction rolls. The globally unique HydroSeal system enables significant savings in lubrication water and drive energy. Customer trials showed that lubrication water feed could be reduced by almost 90%, thus saving valuable resources and cutting costs.
    But Voith’s product innovations are not just geared towards saving resources and improving cost efficiency; they also focus on the needs of the mill operating personnel. To make it safer to carry out press felt measurements Voith has developed the ProTect device, which allows the necessary measurements to be carried out while eliminating risks to the operator from working in close vicinity to moving parts or having to walk on slippery surfaces.
    (Voith Paper GmbH & Co KG)


    Picture: David J. Paterson, President and Chief Executive Officer of Verso

    Verso Paper Corp. (NYSE:VRS), a leading North American producer of coated papers, announced that its existing senior leadership team will continue to lead Verso following the completion of its pending acquisition of NewPage Holdings Inc.
    As previously announced on Jan. 6, 2014, Verso and NewPage entered into a definitive agreement for Verso to acquire NewPage in a transaction valued at $1.4 billion. The transaction, which has been
    unanimously approved by the boards of directors of both companies, is expected to close in the second half of 2014, subject to regulatory approvals.
    David J. Paterson, President and Chief Executive Officer of Verso, will continue to lead the combined entity after the closing. The rest of the company’s senior leadership team announced will consist of the following persons, each of whom also currently is an executive of Verso:
    •Lyle J. Fellows, Senior Vice President of Manufacturing and Energy, will be responsible for the mill and converting network, forest resources, manufacturing technology and energy.
    •Robert P. Mundy, Senior Vice President and Chief Financial Officer, will have responsibility for all financial areas, including financial planning and analysis, tax, corporate finance and treasury functions, accounting and audit functions, and investor relations.
    • Michael A. Weinhold, Senior Vice President of Sales, Marketing and Product Development, will be responsible for sales, marketing, eCommerce, new business development, planning, logistics, customer service, field technical sales, product development and pricing management.
    • Peter H. Kesser, Senior Vice President, General Counsel and Secretary, will have responsibility for all legal matters, including
    governance and compliance.
    •Kenneth D. Sawyer, Vice President of Human Resources, will be responsible for all human resources and people systems, including talent selection, labor relations, performance management, compensation and benefits.
    •Benjamin Hinchman, IV, Vice President and Chief Information Officer, will have responsibility for planning, development and operation of all information technology systems.
    •Joseph Duffy, Vice President of Integrated Planning and Control, will beresponsible for the integration of the two companies and other business coordination and planning activities.

    “Today’s announcement enables us to continue moving forward to complete Verso’s acquisition of NewPage and thereby create a stronger business that is better positioned to serve our customers and create value for our stakeholders,” Paterson said. “This seasoned team of executives has the solid experience and proven leadership to effectively integrate the businesses, drive cost improvements and
    capture synergy benefits so that we can position the combined entity to succeed in an increasingly competitive global marketplace.”

    Prior to closing, the current leadership teams of Verso and NewPage will continue to lead their respective organizations to ensure that both companies continue to provide quality products and services to their customers and to reach completion of the proposed transaction.
    In addition, representatives from both Verso and NewPage will be in charge of leading integration planning activities on behalf of the combined entity after the closing. The two companies will work together in the interest of a smooth transition for their stakeholders, and their focus will be to retain the best talent from Verso and NewPage going forward.
    (Verso Paper Corp.)
    16.05.2014   Xerium Reports First Quarter Results    ( Company news )

    Company news On-Track for Full Year Target of $116 - $120 Million Adjusted EBITDA

    Picture: Harold Bevis, Xerium's CEO and President

    Xerium Technologies, Inc. (NYSE:XRM), a leading global provider of industrial consumable products and services, announced its Q1 2014 results.

    Q1 2014 roll sales were weaker than expected in North America and Europe
    Weather conditions and a market inventory correction in containerboard drove weaker than expected roll sales in the quarter in North America and Europe. We expected and planned for sales to be weak, and they were. We believe these market conditions were temporary, and indeed orders were as expected in the quarter, growing 5.8% to $146.0 million. Rolls sales were in line in the rest of the world, outside North America and Europe. Constant currency machine clothing sales declined 0.9%, while machine clothing Adjusted EBITDA increased from $18.1 million in Q1 2013 to $19.1 million in Q1 2014. See "Segment Information" and "Non-GAAP Financial Measures" below.

    The Company's sales growth and cost reduction programs are on track to deliver expected results for the year
    The Company is underway with a balanced program of sales growth and cost reduction. The cost reduction programs are comprised of a plant repositioning program and operational excellence programs. The plant repositioning program will dramatically reposition our assets to mirror forward growth activities – geographically and by product type – and at the same time increase our competitiveness by being leaner and more nimble. The plant repositioning program includes:
    -6 plant closures – 5 are underway
    -11 plant expansions – all 11 are underway
    -2 new greenfield plants – both are underway

    The operational excellence programs involve all 28 Xerium plants globally. Every single plant has a site specific program to address the following initiatives:
    -Waste reduction
    -Bidding out procured items and finding new low cost suppliers
    -Implementing throughput best practices
    -Installing a new lower cost logistics network
    -New safety program
    -Capital projects to lower costs

    These programs have been centralized globally in order to spread best practices uniformly across all regions. Implemented in parallel with these foundational moves is an equally sized set of sales growth programs. The programs are comprised of new people, industry specialists with additive knowledge to Xerium's current commercial team, a new R&D program, new R&D tools, new machines with capabilities the Company has never had, and a new product program with 11 specific programs. The first wave of new products (4 in total) is rolling out right now and they are:
    -EnerVent – a brand new highly engineered and machined roll cover optimized for tissue machines
    -Smart 6.0 – the industry's first load sensing roll cover for suction box applications
    -Shoe press belt – the Company has received its first order for a very innovative approach to this application
    -TAD (through air drying) fabrics – the Company's first offering for high-end tissue machine applications

    The Company is shifting with the market – a smaller market in the global printing & writing market (now just ~23% of the global pulp & paper market), and a larger position in the growing markets for tissue, packaging papers, boxboard, fiber cement, non-woven belts, rolls for the flexible packaging industry, and rolls for the film production industry. Xerium continues to advance its position and increase market share globally in the growing non-paper markets such as fiber cement and nonwovens, with a dedicated team, allocated resources, and advanced product offerings. Fiber cement demand in North America alone is forecast to rise 8.5% annually through 2017, driven by recovery in residential construction. Global growth also is benefiting from a shift from asbestos based production to fiber cement based production. Global demand for nonwovens is forecasted to rise at least 5.4% annually and demand in developing countries is forecasted to increase even higher at 7.2% annually through 2017.

    2014 Full Year Adjusted EBITDA guidance of $116 - $120 million remains on track
    The Company is reducing its costs at the same time that it repositions its commercial programs and capacities to mirror growth opportunities geographically and by product. These plans are on track and are back-end loaded in 2014. We see the same amount of upside and downside to our business. Furthermore, we expect to pay down some debt in the second half of 2014.

    Harold Bevis, Xerium's CEO and President, said:
    "Xerium's growth story remains the same - we intend to grow in Asia, the Americas and in Europe. We are putting in place the machines and people to grow in new non-paper product areas. Already, mechanical services alone are almost 9% of our sales and growing. Our sales of non-paper products are already over $100 million of our sales profile, and we are investing heavily to increase this proportion. We are also investing to deepen and expand the value we bring to the paper market. The declining printing & writing segment of the market gets a lot of attention and has a tendency to be both exaggerated and extrapolated to the rest of the market. But, approximately 77% of the global pulp & paper market is healthy and growing. We intend to remain a strong participant in this market over the long term. The first major investment program aimed at sales growth will begin in the second half of 2014 when the ~$10 million expansion of our Gloggnitz press felt plant is completed. The primary machine for this project was ordered in the first quarter of 2013. Sales growth in our markets is long-cycle while cost reduction is shorter cycle. The Company expects to again achieve year-over-year sales growth in 2014 as well as in 2015 and in 2016. In addition, Xerium will be very cash generative as we exit this expensive repositioning program and we will continue to pay down debt."

    Cliff Pietrafitta, Xerium's EVP and Chief Financial Officer, said:
    "Q1 2014 sales were 4.6% below a strong Q1 2013. Constant currency rolls sales lagged behind machine clothing sales, declining 11.3%. This reduction was primarily driven by decreases in North America of 5.0%, and Europe of 6.0%, due to weaker industry demand in both regions. Machine clothing sales declined 0.9%, on a constant currency basis. Geographically, sales increased in South America by 4.4% or $0.5 million, while sales declined in North America by 5.0% or $2.6 million, Europe by 6.0% or $2.9 million and Asia by 5.0% or $1.4 million." See "Segment Information" below.
    "Operating income in Q1 2014 declined by $4.9 million, due to lower sales volume and higher restructuring costs, partially offset by decreased SG&A costs, increased gross margins and the impact of favorable foreign currency exchange rates. Reductions in SG&A costs and improved gross margins were largely a result of our restructuring initiatives. Adjusted EBITDA in Q1 2014 was $25.7 million, or 19.3% of sales, but was 11.7% below Q1 2013 Adjusted EBITDA of $29.1 million, primarily due to lower sales volume." See "Non-GAAP Financial Measures" below.
    "Q1 2014 was a successful quarter related to cost-out actions. The Company spent approximately $13 million of cash on capital expenditures and restructuring costs in Q1 2014. For the full year we expect to spend $68 million, or a similar amount to 2013, to generate approximately $25 million of cost reduction savings in 2014. In addition, in 2014, we have more spending related to longer payback projects (such as the China machine clothing plant), which will not result in incremental savings or earnings in 2014. While cost-out and restructuring savings initiatives are the centerpiece of Xerium's 2014 business plan, the Company still expects that current market conditions, inflation and negative price/mix will combine to limit growth in Adjusted EBITDA to approximately $116 - $120 million, assuming the current foreign exchange rate outlook and market demand."
    "As of Q1 2014, we had an aggregate of $42.6 million available for additional borrowings under our Credit Facility and smaller lines of credit and our cash balances totaled $18.0 million. Q1 2014 free cash flow (defined as cash-flow from operations less capital expenditures) declined to $(7.7) million from $6.6 million as capital expenditures increased $6.8 million to $10.5 million and trade working capital increased due to an increase in sales late in the quarter and its impact on accounts receivables as well as temporary inventory builds in our machine clothing business. However, we expect our free cash flow to improve in the second half of the year which will allow us to pay down approximately $6 - $8 million of debt by year-end."
    "Capital expenditures and cash restructuring payments in Q1 2014 totaled $10.5 million and $2.6 million. Capital expenditures primarily related to longer term payback projects, such as the new plant in Ba Cheng, China. Restructuring payments primarily related to headcount reductions and the elimination of machine clothing production in Argentina."
    "Trade working capital increased to $149.1 million in Q1 2014 from $136.4 million in Q4 2013. This increase was primarily the result of an increase of $7.3 million in accounts receivable due to an increase in sales late in the quarter. Day's sales outstanding, however, were slightly favorable compared to Q4 2013. In addition, inventory increased by $4.4 million due to increased levels of European produced machine clothing caused by lower sales volumes in Q1 2014, while accounts payable remained essentially the same from year-end." See "Trade Working Capital" below.
    "Net debt increased to $430.5 million in Q1 2014 from $417.4 million in Q4 2013, primarily as a result of increased trade working capital, higher capital expenditures and the execution of a capital lease on our corporate headquarters. In addition, our net debt leverage ratio increased to 4.15x in Q1 2014 from 3.9x in Q4 2013."
    "Our effective income tax rate for Q1 2014 was 61.9% compared to 31.3% in 2013. Excluding the effects of restructuring, our effective tax rate was 40.0%. This overall effective tax rate reflects the fact that we have losses in certain jurisdictions where we receive no tax benefit, including losses related to restructuring."
    "We are off to a great start in our 2014 restructuring initiatives, and are underway with a program to restructure our plant network. As part of this plan, we are in the final stages of four plant closures, in the middle of a fifth plant closure and in process with a plant opening in China. This large-scale restructuring effort is a multi-year endeavor, and we see a continuous stream of operational improvement opportunities."
    (Xerium Technologies Inc.)
    16.05.2014   Stora Enso CEO Jouko Karvinen comments on first quarter 2014 results    ( Company news )

    Company news “Significant progress in most areas - earnings improvements supported by fixed cost reductions three months ahead of schedule”

    “Our first quarter results are a testimony to our commitment to continuous improvement. Not only did our Group essentially complete the promised EUR 200 million fixed cost improvements compared with 2012 (excluding capacity reduction impacts) three months ahead of schedule, but we also saw an improvement in almost all of our businesses. This, combined with an improvement in cash flow from operations year-on-year albeit in a seasonally weak quarter, continues to be the foundation of our transformation strategy.
    “With 15% return on operating capital, Renewable Packaging had yet another strong quarter, as did the Building and Living segment. Printing and Reading also improved year on year both in operational EBIT supported by lower depreciation and, in operational EBITDA due to cost reductions and capacity closures. Finally Biomaterials, where operational EBIT was similar to last year as a result of one-time land sales a year ago, is after a long delay ready to start up Montes del Plata Pulp Mill once the operating licence is received from the Uruguayan environmental authority Dinama. In China the first phase of the consumer board mill project is in full implementation and we look forward to starting adding its revenues and margins to the portfolio two years from now. We are moving on our long journey of transformation.
    “When we build our future in the emerging growth markets, we will be challenged, not least in the area of corporate social responsibility. As always we will learn and improve not only operationally, but also in having a more transparent, open dialogue with all our stakeholders whose support we also so strongly need. During challenging times we will continue to improve and not let the local communities be excluded from the opportunities our investments can offer when completed with patience, focus and transparency.”
    (Stora Enso Oyj)
    16.05.2014   Cargill to showcase solutions at PulPaper 2014    ( Company news )

    Company news Cargill will be present at the June 3 to 5 2014 edition of PulPaper, the international exhibition for the pulp and paper industry, in Helsinki, Finland.
    This year, Cargill’s stand (6E27) will highlight how Cargill “helps customers thrive”, or, in other words, grow, prosper and be successful. Thanks to a long-standing relationship with paper makers, built on a deep understanding of their challenges and needs and an expanded portfolio of agricultural origin ingredients, Cargill can help customers develop innovative products, while enhancing speed to market and enabling sustainable growth.

    Top performers in coating and wet-end applications
    On the stand, visitors will be able to discover cost-effective solutions developed specifically for paper-making, such as a wide range of coating starches, including C*Film®, C*iCoat® and C*iFilm®. Made from renewable resources, these biodegradable, chlorine-free starches allow the cost-efficient replacement of petroleum-based synthetic binders, thus reducing the overall environmental footprint of the finished products.
    This year, Cargill will introduce a brand new concept for wet-end applications, which improves paper and board performances: C*iBond®
    wet-end starch. This patented solution has been designed to match modified potato starch performance while remaining a long-term, cost effective alternative. Obtained from renewable resources which secures durable availability, C*iBond® wet-end starch ensures quality performance over time and plays a key role in the total retention and dewatering. This solution increases paper’s runnability and decreases the risk of paper web breaks that could have occurred in the past with other raw materials. C*iBond® wet-end starch achieves a better or at least similar performance than any other raw materials.

    Solving the industry’s challenges
    “Today’s markets require cost-efficiency, and we see mounting pressure on graphic papers producers but also higher demand for printed packaging materials. This is why we are developing innovative solutions to help our customers enhance their products’ performance and streamline their resources,” says Jean-Yves Dejardin, Cargill’s paper making segment manager. “ And since sustainability and biodegradability are major concerns for our customers too, our challenge today is no longer just to provide optimal goods and services, but to do so in a sustainable way, reducing the impact on the environment.”
    Throughout its nearly 150 years in business, Cargill has learned first-hand that using energy more efficiently and improving its greenhouse gas emission rates is good for the environment, communities and ultimately business. Since 2000, the company has set ambitious new environmental goals, embedded in all its operations, as part of its ongoing pursuit of operational excellence worldwide. By continuing
    to reduce our environmental footprint in our own production processes and by offering new concepts made from renewable sources, we continue to support our suppliers and customers to reduce their own environmental impact.

    Sharing technical expertise
    On June 4 at 4 pm, in the Pulpaper exhibition hall, Dr. Andreas Becker, Cargill’s Global Technical Manager Paper, will explain how understanding the way starch interacts with the papermaking stock has allowed Cargill to constantly improve the performance of its coating and wet-end solutions, like its latest starch innovation, C*iBond®
    the innovative and cost effective solution to improve your paper and board performances.
    (Cargill Europe BVBA)
    16.05.2014   ANDRITZ to rebuild Leipa Georg Leinfelder's deinking plant at Schwedt, Germany    ( Company news )

    Company news International technology Group ANDRITZ has received an order from Leipa Georg Leinfelder to supply components for rebuild of the screening system in the DIP1 deinking plant at its Schwedt mill, Germany.
    The rebuild, scheduled for completion in October 2014, is intended to achieve significant energy savings and also to further reduce losses in the screening plant.
    The order comprises the complete rebuild of the coarse screening plant, including a new tail screen and delivery of a new first stage for slot screening. A particular challenge in this rebuild project is the short shutdown time of only 72 hours available for switching over to the new components and restarting the plant.
    The pulp produced by Leipa Georg Leinfelder will be used to make the top layer for white coated liner and for magazine paper grades.
    (Andritz AG)
    15.05.2014   Klabin relies on Voith technology: Increase in board production to 440,000 metric tons    ( Company news )

    Company news With the aim of increasing its board production up to 15% and improving the quality of its products, the largest Brazilian packaging paper manufacturer and exporter, Klabin, has signed a contract with Voith to modernize its PM 9.
    With the rebuild, the machine installed in the city of Telêmaco Borba (state of Paraná), Brazil, will be capable of manufacturing up to 440,000 metric tons of board paper per year, including liquid packaging board, used for packaging liquid and paste-like foodstuffs (such as milk, juice, cream, etc.) – and folding box board, used for various packaging applications such as breakfast cereals, pies and breaded foods.
    Originally designed for producing 350,000 metric tons per year, the machine has undergone frequent optimizations since its start-up in 2007, and is currently capable of producing 380,000 tons.
    The machine, one of the most modern packaging paper machines in the Americas and which complies with stringent safety norms, will undergo yet another modernization in record time. In order to be able to implement the project, Voith will be required to deliver cutting edge technology, in addition to efficient manufacturing and project management.
    (Voith Paper GmbH & Co KG)
    15.05.2014   Valmet to supply an extensive paper machine grade conversion rebuild for Stora Enso's Varkaus mill..    ( Company news )

    Company news ... in Finland

    Valmet will supply Stora Enso with an extensive rebuild for converting the Varkaus mill's PM 3 fine paper machine to produce lightweight containerboard grades. The target of the paper-to-packaging rebuild is to produce lightweight virgin fibre based packaging materials on a paper machine that previously produced fine paper, a grade that is suffering from decline in demand.
    The rebuilt containerboard machine is scheduled to start up during the fourth quarter of 2015. The value of the order is around EUR 30 million. The order is included in Valmet's second quarter 2014 orders received.
    "This delivery is an excellent and innovative response to the structural change the paper industry is facing. By rebuilding the existing fine paper machine with new key components Valmet can provide the customer with a value-adding solution that enables operations to continue in Varkaus," says Jari Vähäpesola, Paper Business Line President, Valmet.
    The employment impact of Valmet's project is expected to be in total around 100 man years of which main part in Finland.

    Valmet's technology will enable the production of high quality renewable packaging board
    Valmet's delivery will include a new headbox, forming section rebuild including Fourdrinier extension with new top forming unit, press section rebuild with new SymBelt press nip as well as rebuilds of dryer section, calender, reel and winder. The delivery will also include related air system as well as equipment for stock preparation area.
    Through the machine conversion, Stora Enso in taking advantage of the combination of two market forces: the decreasing global market for fine paper but increasing global market for renewable packaging board.
    (Valmet Corporation)
    15.05.2014   Orchids Paper Products Company Enters Strategic Alliance With Fabrica de Papel San Francisco...    ( Company news )

    Company news ..., S.A. de C.V

    Orchids Paper Products Company ("Orchids") (NYSE MKT: TIS) announced a strategic alliance with Fabrica de Papel San Francisco, S.A. de C.V. ("Fabrica") to support the growth of Orchids' U.S. west coast sales. Fabrica, which is based in Mexicali, Baja California, Mexico, is a recognized world-class, low cost manufacturer of high-quality tissue paper products. Orchids expects this alliance will allow Orchids to effectively and efficiently service customers in the western United States and support Orchids' vision to become a national supplier of high-quality consumer tissue products in the value, premium and ultra-premium tier markets.
    Fabrica is a privately owned business which started as a tissue converter in 1958 and has grown to 150,000 metric tons of capacity, one of the largest tissue manufacturers by capacity in Mexico. In 2013, Fabrica started up the world's first NTT paper machine.
    As part of this alliance, Orchids will acquire Fabrica's current U.S. business, including certain manufacturing assets and access to 18,000 metric tons of capacity each year to support the value, premium and ultra-premium requirements of the U.S. market, with an option to purchase an additional 7,000 metric tons in each of the first two years. Products will be produced at Fabrica's facility in Mexicali, Mexico and shipped directly to Orchids' U.S. customers. Operating margins on products produced under this agreement are expected to be consistent with margins earned on products produced in Orchids' facility in Oklahoma. Additionally, Orchids will receive a non-compete in the United States from Fabrica as well as an exclusive license to use certain of Fabrica's trademarks in the United States.

    Orchids will pay an aggregate of $36.7 million under various agreements, including shares of Orchids common stock having a value of $20 million and cash of $16.7 million, which Orchids expects to fund with a new term loan, discussions of which are proceeding well.
    Under the terms of the alliance, Orchids will nominate Mario Armando Garcia Franco, President and Director of Fabrica, or other such person designated by Fabrica, for election as a member of Orchids' Board of Directors following closing of the transaction.
    The expected strategic and financial benefits of the transactions to Orchids are as follows:
    -Ability to cost effectively service new and existing customers and distribution centers in the western United States
    -Assumption of Fabrica's current U.S. business;
    -Fabrica's unaudited U.S. sales totaled approximately $25.8 million in 2013 and $8.0 million in Q1 2014, and EBITDA was approximately $5.1 million in 2013 and $2.0 million in Q1 2014.
    -Implementation of best practices to improve quality and reduce costs across both companies
    -Immediate accretion to earnings per share

    "We are extremely pleased to begin a long-term partnership with Fabrica," stated Jeffrey Schoen, President and Chief Executive Officer of Orchids. "Mario Armando Garcia Franco, the President and Director of Fabrica, is a 40-year veteran in this space and has built one of the largest tissue manufacturing operations in Mexico. His team is truly world-class. Over the past year, I have been able to develop a strong relationship with Mario and his team and believe our goals and vision are aligned. We believe our alliance with Fabrica will allow us to cost effectively provide high-quality products and superior customer service to a portion of the market that was previously difficult to access due to cost challenges. We look forward to pursuing additional opportunities with Fabrica."
    The alliance has been unanimously approved by Orchids' Board of Directors and the owners of Fabrica and is expected to close in the second quarter of 2014, following satisfactory completion of customary closing conditions.
    (Orchids Paper Products Co)
    15.05.2014   Koenig & Bauer (KBA) first-quarter report: Increased business volume – Improved earnings    ( Company news )

    Company news --- 20.8% more new orders, sales up 11.9% --- More orders for sheetfed and special presses --- Demand for web offset presses remains subdued ---Operating profit in sheetfed segment
    --- Clear improvement to earnings before taxes compared to 2013 --- Personnel adjustments for Fit@All on schedule --- Outlook for 2014: Improved earnings with stable sales

    Picture:KBA delivered double-digit increases in sheetfed offset sales and order intake in the first quarter of 2014 and posted an operating profit

    In the first quarter of 2014 press manufacturer Koenig & Bauer (KBA) delivered a double-digit increase in sales and order intake as well as significant improvements to its operating and pre-tax results year-over-year. At €241.5m group order intake rose by 20.8%. New orders of sheetfed offset presses were up 10.3% to €146.5m (2013: €132.8m), while order intake of web and special presses increased by 41.4% to €95m (previous year: €67.2m). Nevertheless, demand for web offset presses remained subdued and along with order backlog it strained sales and earnings. Group sales of €213.4m after three months was 11.9% higher than the prior-year figure of €190.7m. Postponed special press deliveries on the customers’ side led to only a slight climb in web and special press sales from €92.5m in 2013 to €94.7m, whereas the sheetfed division generated a 20.9% rise in revenue to €118.7m.
    The group’s book-to-bill ratio was positive after the first three months of 2014 and order backlog stood at €588.6m at the end of the quarter.

    Export level approaches 80%
    A slide of nearly 20% in domestic sales primarily a result of fewer web press deliveries raised the export level from 71.2% to 79.3% year-over-year. Shipments to the rest of Europe contributed 31% to group sales (2013: 29.8%). Indications that demand is gradually picking up can be seen predominantly in the south of Europe. The proportion of the group total attributable to Asia and the Pacific jumped from 23.2% to 30.4% and North America’s contribution grew from 10.9% to 11.4%. However, weak currencies in countries like Brazil and South Africa helped push the regional total in Latin America and Africa down from 7.3% the year before to 6.5%.

    Heterogeneous earnings
    The gross profit margin widened from 21.3% twelve months earlier to 25.4%. KBA posted an operating loss due to sales, but at –€10.2m this was an improvement on the prior-year figure of –€16.9m. Segmental results were mixed. After a longer period of time higher sales and success in terms of costs and prices led to an operating profit in the company’s sheetfed offset business of €1.2m (2013: –€5.9m). The web and special press division, which has largely been profitable in recent years, posted an operating loss of €11.4m (2013: –€11m) given postponed deliveries of profitable security presses and insufficient capacity utilisation at the group’s web press facilities. Following a slight financial loss of €1.9m KBA improved its pre-tax loss by a third from €18.8m in 2013 to €12.1m. A group net loss of €14m (2013: –€18.5m) corresponds to earnings per share of –€0.85.

    Solid finances
    At –€51.3m cash flows from operating activities were negative due to lower customer prepayments, a temporary rise in inventories and a drop in trade payables. After deducting cash funds for investing activities the free cash flow came to –€54.4m. At the end of March funds stood at €131.2m and KBA has access to ample credit lines. After deducting bank loans totalling €22.3m net liquidity remained solid at €108.9m. At 24.4% equity of the world’s second-largest press manufacturer was significantly above that of comparable companies in the industry.

    Fit@All programme for Group realignment presses ahead
    According to KBA president and CEO Claus Bolza-Schünemann the implementation of Fit@All for the restructuring of the KBA group “made good progress” in the first quarter of 2014. The programme was approved in 2013 and will be in force until 2016. Cancellation and phased retirement agreements, social wage agreements and social compensation plans were agreed for around 700 employees at various locations as part of the planned group-wide reduction of 1,000 to 1,500 jobs by the end of 2015. Further talks with union and workforce representatives about other capacity-orientated staff adjustments are progressing well. Training measures for preparing the relocation of internal production activities between the individual plants have also begun. Given the periods of notice which must be observed, upcoming relocations and pending outsourcing options, the gradual implementation of personnel adjustments will not finish until the end of 2015.
    Along with adapting capacities to shrunken market segments, the realignment of KBA focuses more strongly on growth markets, such as packaging printing. The integration of these two subsidiaries which joined the group in 2013 “is well underway”.
    As a result there were 6,237 employees on group payroll at the end of March 2014, compared to 6,187 twelve months earlier. Excluding staff from the newly consolidated subsidiaries, apprentices, trainees, temporary employees and staff on phased retirement schemes, the group workforce sank by 166 to 5,307. The total will soon fall to below 5,000 as it includes many employees who have already left the company or those who will leave in the course of the year.

    Outlook for 2014
    In its outlook for 2014 KBA refers to increased risks for the global economy resulting from the crisis in the Ukraine, reduced growth in China and the negative currency effects in key threshold countries. The company anticipates that advanced economies, such as the USA and euro zone, will take on a greater role in terms of growth. Nevertheless, the strong euro is a competitive disadvantage for German press manufacturers compared to Japanese and other competitors from outside the EU in Asian markets and countries with a weak currency.
    According to Bolza-Schünemann this year “will also be characterised by the implementation of Fit@All. This programme will realign our traditional offset business to a significantly smaller and structurally fundamentally changed press market environment”. Despite a rise in order intake and sales in the first quarter “we continue to target stable group revenue of €1bn to €1.1bn for 2014”. KBA’s relatively young field of digital printing technology as well as presses and systems for packaging printing and special markets are expected to make larger contributions to sales and will bring about a change in product mix of the group.
    The press manufacturer already made extensive provisions against earnings for the restructuring of the group in its financial statements for 2013. The special expenses attached to this realignment in 2014 will be limited, but they will have an slight impact on this year’s results. “As in 2013, we are aiming once again for a positive operating result before special items”, says KBA’s CEO. As the profit-boosting effects will only fully come into effect after the implementation of the Fit@All programme, the management board expects group earnings before taxes (EBT) to be negative once again this year.
    Assuming the economic and political climate remains reasonably stable, KBA is aiming for a clear improvement to our operating and pre-tax earnings already in 2015. The group anticipates a return to sustainable profitability in 2016 following the completion of the restructuring measures. The management board will provide prompt information on the significant milestones regarding the implementation of Fit@All.
    (Koenig & Bauer AG (KBA))
    15.05.2014   Fortress Specialty Cellulose Bid to Increase Power Supply Agreement by 5.2 MW Accepted    ( Company news )

    Company news Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) announces that the Fortress Specialty Cellulose mill located in Thurso, Québec (the "FSC Mill") has successfully been awarded by Hydro Québec a power supply agreement for an additional 5.2 megawatts of power to be produced at its cogeneration facility.
    Once finalized, the amount of green power supplied by the FSC Mill's cogeneration facility to Hydro Québec will increase from the current amount of 18.8 megawatts of power to 24 megawatts of power. This increase will result in significant incremental revenue, which will translate into an anticipated overall cost savings at the FSC Mill of approximately $2.7 million annually with an opportunity for further optimization.
    Pursuant to the new power supply agreement, the FSC Mill is expected to begin delivering the additional power in April 2015, at the latest, with a provision to start delivering power as early as the fourth quarter of 2014.
    Yvon Pelletier, President of Fortress Specialty Cellulose Inc.,
    commented: "The acceptance of our power supply bid is indicative of our positive partnership with Hydro Québec and will allow us to better utilize the potential of our cogeneration facility and produce more
    environmentally friendly green energy for the region. The increased revenue from the additional 5.2 megawatts of power delivered under this new agreement will further improve the economics of the FSC Mill and reflects the value of the cogeneration facility."

    The Company also provides an operational update on its FSC Mill.
    - The FSC Mill has recently switched from producing northern bleached hardwood kraft (NBHK) pulp to swing production to other specialty dissolving pulps.
    - Alain Dubuc has been appointed as Chief Operating Officer of Fortress Specialty Cellulose Inc., a wholly-owned subsidiary of Fortress Paper which operates the FSC Mill. Mr. Dubuc has over 25 years of industry experience in mill operations, including over 20 years managing mills in Québec. Most recently, Mr. Dubuc was Senior Vice President of Operations at Pinnacle Renewable Energy, where he oversaw six forestry related mills across British Columbia.
    (Fortress Paper Ltd)
    15.05.2014   Mobile heating plant with integrated Bosch boiler technology     ( Company news )

    Company news Efficient heat supply by means of condensing heat exchanger

    Hotmobil, a supplier of mobile energy plants for heat, cooling and steam, has presented a technical innovation in the area of mobile heating plants: the six-metre long Hotmaster MHC 1.500 container system, which weighs 8,500 kilograms, with integrated Bosch heating boiler and condensing heat exchanger features a high standard utilisation efficiency of up to 104 percent at an output of 1,500 kW.
    “This mobile heating plant with condensing technology, which is the largest on the market, is yet another result of the many years of successful cooperation between Hotmobil and Bosch Industriekessel”, says Reto Brütsch, Technical Director of Hotmobil. The Bosch heating boiler UT-L in 3-pass design, which is built into this heating plant, has already proven its worth thousands of times in practical use. The integrated condensing heat exchanger ensures that the system operates particularly economically. It reduces the flue gas temperature below the flue gas dew point and uses the condensation heat, which is released. The efficiency increases, emissions and fuel use decrease. The dual oil/gas firing system ensures that there is the greatest possible flexibility.
    The new Hotmobil container system with integrated Bosch boiler technology has three sides, which can be opened completely. This makes operation easier and enables maintenance to be carried out quickly and efficiently. Another advantage is the extremely compact construction, which means that the logistics costs remain at a very low level. In emergencies the plant can be made ready within a few hours. The possible applications of the mobile energy plant are very varied. As a mobile and modular solution, which is also capable of being upgraded, it can be used for office buildings, hospitals, large residential complexes, local and district heat supply and for a wide range of applications to provide process heat.
    (Bosch Industriekessel GmbH)

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