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    20.03.2014   Sappi announces Glen Pearce to succeed Steve Binnie as Chief Financial Officer    ( Company news )

    Company news Sappi Limited is pleased to announce that Glen Pearce, currently the Chief Financial Officer of Sappi Europe SA, will be appointed as Chief Financial Officer (CFO) and join the Sappi Limited Board as an Executive Director on 01 July 2014. As announced previously, Steve Binnie, the current CFO, will succeed Ralph Boëttger as CEO on that date.
    Glen Pearce (50) was appointed as CFO of Sappi Europe SA in 2008. He has been with Sappi for 18 years. Prior to his current role, Glen occupied various senior management positions within the Sappi group in South Africa and Europe. He is a Chartered Accountant and holds a BComm degree from WITS University and a BComm (Hons) degree from UNISA.
    Commenting on the announcement, Sappi Chief Executive Officer, Ralph Boëttger, said: “I am very pleased that our robust succession planning process has enabled us to appoint a strong internal candidate. Glen’s in-depth knowledge of Sappi and his sterling track record will serve the company well on its path towards strong growth and profitability.”

    Additional information on Glen Pearce:
    -He holds a BComm degree from WITS University in Johannesburg and a BComm (Hons) degree from the University of South Africa (UNISA).
    -He is a chartered accountant, CA(SA)
    -Completed his articles at Ernst & Young
    -Started his career as group accountant and finance manager of Murray and Roberts (1992-1996)
    -Joined Sappi Limited in 1997 as financial manager
    -Joined Sappi Forest Products as financial manager in 1999
    -Promoted to financial director of Sappi Fine Paper South Africa in 2001
    -Moved to Brussels in 2004 to become accounting director for Sappi Fine Paper Europe
    -Appointed as CFO and IT Officer of Sappi Europe SA in April 2008
    (Sappi Limited)
    20.03.2014   Sustainable European paper and board industry    ( Company news )

    Company news CEPI (Confederation of European Paper Industries) has published its latest report on the sustainability of the European pulp, paper and board industries. It shows that the whole industry, including cartonboard packaging, is focusing on innovation and resource efficiency while advancing the bio-based economy.
    Furthermore, the European industry continues its good record on its environmental performance in a number of key areas, including energy, recycling and water use.
    The industry has become more self-sufficient in the use of energy. Today, 95.2% of electricity is produced on-site in paper mills using the energy-efficient combined heat and power method, and mills' energy consumption has fallen by 4.7% in the last two years. The consumption of biomass – based energy has increased in recent years, driven by the installation of new biomass boilers in mills, so that now 56% of the energy used is bio-energy. Using bio-based products replaces the use of fossil fuels. As a result, the industry has reduced its CO₂emissions per tonne of product by 43% since 1990.
    The European pulp and paper industry also uses residues from papermaking to produce renewable energy and this transformation of residues into useful products is an important example of the operation of a circular economy – a key aim for the European Commission's policy makers.
    Europe is the global paper recycling champion. In 2012, almost 58 million tonnes was recycled within Europe: an all time record. In percentage terms, 71.7% of paper was recycled in 2012 and in 2011, 81.3% of packaging paper and board was recycled.
    The environmental credentials of cartons are underpinned by the use of cartonboard whose wood raw material comes from sustainably managed forests. In Europe, not only are they a renewable resource but new growth exceeds the wood harvested. Thus, Europe's forests have grown by 512,000 hectares from 2005-2010, and forests today are over 30% larger than in the 1950s. The paper and board industry cares for the forests and promotes the use of certification systems to demonstrate and maintain sustainable forest management.
    Water is fundamental to pulp and paper manufacturing. In 2012, the pulp and paper industry within CEPI member countries, withdrew approximately 3.71 million cubic tonnes of water from surface and ground water sources, of which 92.3% was returned to surface water supplies cleaner than before.
    The forest products industry uses large volumes of water, but as the percentage quoted above shows, only a small part of this water is "consumed" - which can be defined as water bound up in products and waste. Water that escapes from the production process is also considered to be consumed, but the huge amount remaining can be reused.
    The pulp, paper and board industry in Europe is truly European. 82% of raw materials are sourced in Europe from responsibly managed forests, from paper collected for recycling and from engaging with Europe-based mineral and chemical suppliers. No tropical rainforests are destroyed to produce paper and board, including cartonboard, in Europe. The cartonboard packaging industry is an integral part of this European resource-efficient, bio-based industry which takes care to safeguard the environment.
    (Pro Carton)
    20.03.2014   FORTRESS PAPER ANNOUNCES FOURTH QUARTER 2013 RESULTS    ( Company news )

    Company news Fortress Paper Ltd. (“Fortress Paper” or the “Company”) reported 2013 fourth quarter EBIT DA loss of $9.4 million. The Dissolving Pulp
    Segment generated EBITDA loss of $10.8 million and the Security Paper Products Segment generated EBITDA of $2.7 million. Corporate costs contributed $1.3 million to EBITDA loss.
    Chadwick Wasilenkoff, Chief Executive Officer of Fortress Paper, commented: “The 2013 year proved to be very challenging for Fortress Paper. Positive developments throughout the year were overshadowed by the disappointing financial results from the Dissolving Pulp Segment.
    As we enter 2014, we believe that we are making progress on numerous initiatives and are confident that we are on the right track to overcome remaining obstacles. I would like to thank the entire team at Fortress Paper for their perseverance and commitment throughout a difficult year.”
    Early in the fourth quarter of 2013, the Fortress Specialty Cellulose mill reached a significant milestone for the reduction of the overall cost structure at the mill when the cogeneration facility project was successfully completed and delivering power to the Hydro Québec grid at the contracted commercial rate. Also, the Fortress Specialty Cellulose mill realized its swing mill capabilities producing 12,889 air dried metric tonnes (ADMT) of northern bleached hardwood kraft (NBHK) pulp early in the quarter. The
    mill sold 6,758 ADMT of NBHK pulp inventory in the fourth quarter of 2013 and 6,950 ADMT of NBHK pulp inventory subsequent to December 31, 2013. Despite these developments, the results for the Dissolving Pulp Segment reflect a combination of the following:
    -A seven day planned maintenance shut-down in October.
    -A 13% interim duty imposed by China’s Ministry of Commerce (“MOFCOM”) on the import of dissolving pulp into China from the Fortress Specialty Cellulose mill (Thurso) and possibly a 50.9% interim duty on the import of dissolving pulp into China from future output from the Fortress Global Cellulose mill (Lebel-sur-Quevillon) if it were to be converted to be able to produce dissolving pulp.
    -As a result of the 50.9% MOFCOM interim duty imposed on the import of future dissolving pulp into China, a $32.9 million impairment was taken against the Fortress Global Cellulose mill assets.
    -The duty imposed also resulted in a build-up of dissolving pulp inventories and consequent $3.7 million write-down to fair market value.
    -A decision to take market downtime in mid-December for approximately 10 weeks as a result of market pricing for NBHK being insufficient for sustained production.
    -A five day shut-down in early December as a result of a digester issue, which has since been resolved.

    The Security Paper Products Segment experienced a second consecutive EBITDA positive quarter. Sales, volumes and revenues were significantly higher relative to any quarter in 2012 and 2011. The Landqart mill continues to implement new initiatives to improve efficiencies and profitability.
    (Fortress Paper Ltd)
    20.03.2014   Kemira announces price increase for paper colorants in EMEA    ( Company news )

    Company news ​Kemira will implement a price increase of up to 20 % for selected paper colorants in Europe, Middle-East and Africa. The adjustment will be immediately implemented or as the existing contracts allow. The price adjustment is a result of increases in all major cost drivers including raw materials, energy and transportation.
    Kemira has continuously rationalized operations and reduced fixed costs, but has now reached a point when a price increase for selected colorants is necessary to secure our position as a strong paper chemicals supplier.
    (Kemira, Paper Segment)
    20.03.2014   UPM prepares its own PEFC certification group    ( Company news )

    Company news Picture: Pekka Rajala, Director Stakeholder Relations, North Europe Forest Issues at UPM

    UPM is expanding its certification services in Finland and is preparing an application of its own PEFC™ group certificate in 2014. This gives UPM's forest owner customers a new opportunity to achieve a certificate for sustainable forestry as a member of UPM's certification group.

    ”For forest owners, joining UPM's PEFC certification group is easy, safe, cost-efficient and risk-free,” says Eija Kuusisto, Manager, Key Customer Relations at UPM. ”The administrative procedures related to the certification are managed by UPM on behalf of the forest owners. Members of the certification group will be informed of changes regarding the certification, and they can rest assured that forestry practices and harvesting are done according to PEFC requirements.

    ”The requirements of our end product customers, concerning the source of the wood, are continuously becoming more demanding. Therefore, it is important for us to be able to provide our customers with products made from certified wood,” says Pekka Rajala, Director Stakeholder Relations, North Europe Forest Issues at UPM. ”We aim to increase the use of certified wood in our end products and to promote and use all reliable forest certification schemes.”

    The forest certification and chain of custody management system combined prove that wood used in products comes from sustainably managed forests. The adherence to this chain can be proven all the way down to customers who buy the end products.

    ”By applying our own PEFC sertification group we aim to be emphases the importance of forest certification and to increase the appreciation and use of PEFC through our own actions”, Pekka Rajala continues. “ it is important that PEFC certification is an essential part of Finnish forestry also in the future.

    ”The PEFC certification scheme has been widely used in Finland for over 15 years, and at almost 95% of our current managed forests are PEFC certified. UPM has been involved in the PEFC scheme from the beginning and is familiar with its requirements. Therefore, the threshold for implementing UPM's own group certification is low,” says Eija Kuusisto.

    UPM monitors the origin of all the wood it acquires. The amount of certified fibre used in UPM's products was 80% globally in 2013, whereas in Finnish mills the figure was 83%.

    All of UPM's forests are certified. In Finland, all of them are PEFC certified and approximately half of them FSC®certified (FSC® C109750). In Minnesota, USA, all the forests are SFI certified, and in the United Kingdom and Uruguay the forests are both FSC and PEFC certified.

    For further information, please contact:
    Pekka Rajala, Director Stakeholder Relations, North Europe Forest Issues, tel. +358 400 269 533
    Eija Kuusisto, Manager, Key Customer Relations, tel. +358 400 156 284
    Sami Oksa, Environmental Manager Wood Sourcing and Forestry, tel. +358 040 560 3474
    20.03.2014   LANXESS publishes results for fiscal 2013    ( Company news )

    Company news - Full-year 2013 sales fall by nine percent to EUR 8.3 billion
    - EBITDA pre exceptionals declines by 40 percent to EUR 735 million
    - Group net loss of EUR 159 million impacted by impairment charges
    - Proposed dividend of EUR 0.50 per share
    - Q1 2014 EBITDA pre exceptionals expected to be around EUR 200 million

    Picture: LANXESS Tower - Corporate Headquarters

    In what remains a difficult competitive environment, specialty chemicals group LANXESS expects EBITDA pre exceptionals of around EUR 200 million for the first quarter of 2014. In the prior-year quarter, the company posted EBITDA pre exceptionals of EUR 174 million that was burdened by several factors including start-up costs.

    LANXESS also confirmed the preliminary figures for fiscal 2013 published on February 26, 2014.

    Sales fell by nine percent against the prior year to EUR 8.3 billion. This development was primarily due to lower selling prices in the Performance Polymers segment resulting from declining raw material prices and the challenging competitive situation. EBITDA pre exceptionals decreased by 40 percent year on year to EUR 735 million and was thus within the guided range of EUR 710 million to EUR 760 million. This was also attributable to an increase in production-related costs and negative currency effects. The slight increase in volumes could not compensate for the decline in earnings. The Group's EBITDA margin pre exceptionals fell to 8.9 percent from 13.4 percent in 2012.

    In the fourth quarter of 2013, Group net income was impacted by impairment charges of EUR 257 million in the Performance Polymers segment (business units Keltan Elastomers and High Performance Elastomers) and the Performance Chemicals segment (business unit Rubber Chemicals), as well as by exceptional charges of some EUR 30 million brought forward for the “Advance” efficiency program. These resulted in a net loss for the full year of EUR 159 million, representing earnings per share of minus EUR 1.91. In 2012, Group net income amounted to EUR 508 million, with earnings per share of EUR 6.11.

    "Behind us lies a challenging year," said LANXESS Chief Financial Officer Bernhard Duettmann. "Negative effects were the volatile raw material prices and increasing competition, especially in the synthetic rubber business."

    The company will propose to the Annual Stockholders’ Meeting on May 22, 2014, that a dividend of EUR 0.50 per share be paid for 2013. This would result in a total dividend payment of around EUR 42 million. A dividend of EUR 1.00 per share was paid for 2012.

    Cash outflows for capital expenditures declined to EUR 624 million, compared with EUR 696 million a year earlier. Operating cash flow decreased against the prior year to EUR 641 million, a business-related decline of EUR 197 million. Net financial liabilities increased by EUR 248 million from the previous year to EUR 1.7 billion. "In the fourth quarter, we were able to reduce net debt by EUR 91 million compared to the prior quarter on account of our strict working capital management," said Duettmann.

    Business development by region

    Sales in the Asia-Pacific region were virtually level with the prior year, decreasing by around three percent to EUR 2.1 billion. The Performance Polymers and Performance Chemicals segments achieved operational growth in the low- to mid-single-digit percentage range. LANXESS saw a pleasing development in Greater China, exceeding the sales threshold of EUR 1 billion as in the previous year. The share of the Asia-Pacific region in Group sales increased to 26 percent.

    Sales in the EMEA region (excluding Germany) receded by around five percent to EUR 2.4 billion. This region's share of Group sales increased to 29 percent.

    In Germany, LANXESS posted sales of around EUR 1.5 billion, almost eight percent below the prior-year figure. This country accounted for 17 percent of Group sales.

    Sales in North America were around 17 percent lower than in the previous year, at EUR 1.3 billion. The region thus contributed 16 percent to Group sales.

    In the Latin America region, sales declined by almost 19 percent to EUR 1 billion. This region's share of Group sales decreased to 12 percent.

    In the BRICS countries (Brazil, Russia, India, China and South Africa), sales fell by around seven percent to EUR 2 billion. Their share of Group sales remained at 24 percent.

    Business development by segment

    In the reporting year, sales in the Performance Polymers segment declined substantially by around 13 percent to about EUR 4.5 billion. A persistently difficult market environment coupled with significantly lower and volatile prices for raw materials, especially butadiene, resulted in a negative price effect of 15 percent. Currency effects also had a negative impact. Volumes increased by around four percent, due in part to capacity expansions in the Butyl Rubber and High Performance Materials business units.

    EBITDA pre exceptionals for the segment shrank by some 52 percent to EUR 389 million. Earnings were also hampered by inventory devaluations, destocking and start-up costs for the new butyl rubber plant in Singapore, alongside declining selling prices and negative currency effects.

    The Advanced Intermediates segment recorded sales of EUR 1.6 billion in 2013, slightly below the prior-year level. An increase in selling prices compensated for the slight decline in volumes. Exchange rates had a negative effect. Both of the segment's business units saw stable demand for agrochemicals in particular.

    EBITDA pre exceptionals decreased by around six percent to EUR 286 million. Higher selling prices and lower raw material costs were counteracted by lower volumes, higher production costs and negative currency effects.

    Sales in the Performance Chemicals segment dipped slightly in 2013 by around three percent to EUR 2.1 billion. This was attributable above all to unfavorable currency effects of three percent and slightly negative price and volume effects.

    EBITDA pre exceptionals declined by 18 percent year on year to EUR 231 million. This was attributable above all to increased production costs and slightly higher raw material prices alongside decreasing volumes, lower selling prices and unfavorable exchange rates.

    “Advance” efficiency program

    Within the context of the Advance efficiency program, around 730 employees have already taken up the offer to voluntarily leave the company by the end of 2015 and have accepted either early retirement or severance packages. In 2013, EUR 110 million were incurred of the EUR 150 million in exceptional charges budgeted for this program. From 2015 onward, LANXESS expects to achieve annual savings of around EUR 100 million.

    LANXESS has also divested its wholly owned subsidiary Perlon-Monofil to the Serafin Group based in Munich, Germany.


    LANXESS expects the market environment for synthetic rubber to remain challenging in 2014 in light of the competitive and capacity situation. Exchange rates, in particular the US-Dollar, are likely to continue their volatile development. The same applies to raw material costs, albeit at a comparatively moderate level.

    Earnings in the first quarter of 2014 will also be impacted by the effects of a strike at the company’s site in Zwijndrecht, Belgium. Butyl rubber production there has been at a standstill for around three weeks.

    For the full year 2014, LANXESS is anticipating a slight improvement in EBITDA pre exceptionals, due alone to the absence of one-time items, even if selling prices remain at low levels.

    For the current year, LANXESS is planning capital expenditures at the same level as in 2013. Most of these will go toward the construction of the world-scale plant for Nd-PBR (neodymium-based performance butadiene rubber) in Singapore and for the construction of the plant for EPDM (ethylene-propylene-diene monomer) rubber in China. Both plants are scheduled to come on stream in 2015. In the third quarter of 2014, a world-scale facility for polyamides will start operation at the site in Antwerp, Belgium. As of 2015, capital expenditures should decrease substantially and be used predominantly to expand and maintain existing facilities.

    As in the past, LANXESS will give a more precise outlook for the current business year when it publishes its first-quarter report on May 8, 2014.
    (Lanxess AG)
    19.03.2014   Nils Ringborg new CEO of Holmen Paper     ( Company news )

    Company news Nils Ringborg (photo) has been appointed as the new CEO of the business area Holmen Paper and so joins Holmen’s Group management.
    Nils Ringborg will succeed Henrik Sjölund when he takes up his new role as President and CEO of Holmen on 9 April. Nils Ringborg is currently sales and marketing director at Holmen Paper.
    “Nils and his team in the sales and marketing department have done a fantastic job of developing sales during a difficult period. Holmen Paper is gaining a leader with an extensive network and a good sense of our business. And the move also sees another experienced and strategic force joining the Group management team,” says Henrik Sjölund.
    “We have a clear strategy where the Swedish business will be further focussed on speciality paper based on virgin fibre and the Madrid business will continue to produce newsprint with recovered fibre as its raw material,” says Nils Ringborg.
    Work is under way to recruit a new sales and marketing director for Holmen Paper.
    (Holmen Paper AB)
    19.03.2014   Marbach Strengthens Its Board of Directors    ( Company news )

    Company news Marbach is pleased to announce that it has recently been strengthened its Board of Directors by appointing Stefanie Greiner as Managing Director.
    Since joining the company in 1994, Greiner studied business administration and worked as Human Resources Officer for two years before she became Chief Human Resources Officer in 1999. As Chief Operating Officer Greiner has been responsible for the daily operation of the Marbach Group since 2009.
    Peter Marbach explains: “We highly appreciate the addition of Stefanie Greiner to our Board of Directors because of her great experience.”
    Stefanie Greiner joins the board alongside Peter Marbach, Owner & CEO, Bernd Klenk and Hans Masche.
    (Karl Marbach GmbH & Co. KG)
    19.03.2014   UPM demonstrates firm progress in transformation    ( Company news )

    Company news Jussi Pesonen (photo), UPM’s President and CEO is confident in UPM’s stable outlook and attractive growth plans as presented during the company’s Capital Markets Day in London.
    “In the past five years, we have successfully turned UPM from an integrated paper producer into a Biofore company with six separate businesses. Today we have strong market positions and competitive assets in all of our business areas. This gives us a strong basis for driving further both the financial performance and the transformation of the company.”
    “Our short-term profit improvement programme proceeds very well and we are confident of achieving the targeted EUR 200 million cost savings by the end of this year. Simultaneously, we are making good progress with our growth portfolio adding further EUR 200 million of EBITDA in the coming three years. The recently announced investments in Changshu and Kymi confirm our progress towards this target. “
    Pesonen said that the new business structure enables clear target setting and incentives in all of the six businesses.
    “As we have growth aspirations in many of our businesses, we have also set ROCE targets for the business areas. In UPM Energy we value our asset base at fair value and hence our ROCE target is 6 %. In the less capital intensive converting industry, UPM Raflatac, our ROCE target is at 18%. Finally, in our process industry businesses UPM Biorefining, UPM Paper Asia and UPM Plywood we are targeting 10-12 % ROCE, or cash return in the case of UPM Paper ENA.“
    “UPM’s group-level operating profit target of 10% is realistic also in the context of the new business structure. With this business structure, achieving the business area targets simultaneously would result into UPM operating profit margin of approximately 10%, and ROCE of approximately 9%.”
    “Despite the volatile economic environment in recent years, we have been able to drive forward the changes in the UPM portfolio. At the same time UPM’s cash flow has been consistently strong and our balance sheet has continuously strengthened.”
    “Our group-level commitment is to maintain a solid balance sheet, strong cash flow and healthy dividend. UPM will continue to develop its business portfolio in order to create growth in the current and new businesses and enhance the value of the company. “
    19.03.2014   Rayonier Hires Frank Ruperto to Lead Performance Fibers Growth Strategy    ( Company news )

    Company news Rayonier (NYSE:RYN) announced that Frank A. Ruperto is joining the company as Senior Vice President, Corporate Development and Strategic Planning, effective March 31, to assist the company with achieving its future growth priorities. Upon the previously announced separation of the Performance Fibers business, Ruperto will lead the strategic growth and long-range planning initiatives for the new performance fibers company.
    Ruperto brings nearly 25 years of investment banking experience in mergers and acquisitions to Rayonier. Most recently, he served as Managing Director, Mergers and Acquisitions for Bank of America Merrill Lynch and previously served as Head of Global Industries M&A for Banc of America Securities. Prior to that, Ruperto served as Managing Director, M&A at Merrill Lynch Pierce Fenner & Smith. During his career, he has acted as a lead advisor on more than 100 completed mergers, acquisitions and financings valued at more than $100 billion.
    “We’re pleased to have Frank join our senior management team at this critical stage in our company's development. Frank will lead our strategic, long range planning process and additionally begin identifying strategic opportunities that will position us for future adjacent growth,” said Paul Boynton, chairman, president and CEO of Rayonier. “Frank’s strategic thinking and experience in corporate transactions, along with his knowledge of the industrial and specialty chemical sectors, will allow him to play a critical role in our future. We have worked with Frank for more than a decade and know that adding his skill set to our team will enhance shareholder value.”
    “I have worked closely with Rayonier on its strategic opportunities over the years and greatly admire its market-leading businesses and strong management team,” stated Ruperto. “This is an exciting time in the company’s history as the separation provides a solid platform to grow within the specialty chemicals sector. I’m delighted to join the organization and leverage my experience to help the company identify and execute a growth strategy for the new Performance Fibers business that drives shareholder value.”
    Ruperto graduated cum laude with a Bachelor of Arts in Economics from Harvard College in 1988 and holds an MBA, with a major in finance, from The Wharton School of Business at The University of Pennsylvania.
    (Rayonier Inc.)
    19.03.2014   Experts predict a profitable reconstruction of the paper industry     ( Company news )

    Company news Declining demand for printing paper, together with a promising future for new climate friendly products, drive a reconstruction of the paper industry. The report, Innventia Global Outlook Papermaking Towards the Future, presents the most important trends and driving forces for tomorrow's papermaking industry.

    "In 2030, modern bio-refineries will have become highly profitable and constitute the core of many company clusters. A well organised business structure has developed over time where companies selling bio-based energy, materials, chemicals, and consumer products, work together to drive bio-business. The 'bio-based economy' is finally a reality. These days, bio-based plastics, chemicals and textiles accounted for almost 50% of their respective market shares, and fibre-based materials are used for a wide range of applications. In addition, with the depletion of oil reserves, traditional suppliers of oil-based plastics, chemicals and energy are now turning to the forest for raw materials, and this has made competition for forests more intense than ever."

    This future scenario is described in Innventia's new study Papermaking Towards the Future which was released during an event at Innventia on 17 March. The report is a critical analysis of the most important questions for the industry today and in the future. Based on an expert survey with 150 respondents from 21 different countries, interviews, workshops and teamwork, Innventia has identified, together with the analysis company Kairos Future, the key drivers and trends that will be increasingly important as the industry moves towards year 2030.

    According to the expert respondents, the greatest challenges for the industry will be a diminishing pool of skilled labour. Another challenge will be a reduced availability of fibre raw material due to increased competition with other bio-based products, which creates a greater demand for new, resource efficient production processes.

    With a decline in demand for printing paper, the markets for packaging materials and tissue are consistently growing. According to the survey, the industry is well positioned for a reconstruction into bio-refinering which could produce a wide range of products for the bio-based economy. 42 percent of the respondents predicted biorefining to be the most profitable investment over the coming ten years.

    "The reconstruction will bring totally new constellations, business models and market segments. As we could see in our study, the trends highlight a shift from scale to scope of products. A wide range of specialty products will be produced and sold in small quantities but with a high profit margin," says Paul Krochak, the project manager of Papermaking Towards the Future.

    Nanotechnology will, according to the experts, generate most attention in research, followed closely by biorefining and niche products. The development of new products involves many new features and the experts were asked what feature of paper would be the most desirable over the next ten years. Environmental and/or health safety gained the highest ranking.

    "As many as 34 percent of the respondents considered this feature to be most important. As the global population becomes more educated and more conscious, along with legal regulations and directives, product safety becomes increasingly important," states Marco Lucisano, Senior Manager, Process Solutions.
    (Innventia AB)
    19.03.2014   ONE WEEK AT MIAC TISSUE BUSINESS POINT 2014!    ( Company news )

    Company news 26.27 March 2014 | time 9.30 a.m. - 5.30 p.m. | Lucca (Italy)

    MIAC Tissue Business Point is a new business concept organised every two years in Lucca, the heart of European tissue paper production and converting.
    Lucca area is also an undisputed worldwide reference point for tissue technology (machinery, equipment, etc.)

    Paper Mills and Converters technicians and managers will get an overview on the latest advances in technology and equipment available to the tissue industry sector. Modern Trade Buyers, Mass Retailers, Converters, Wholesalers and Office Suppliers will get new business opportunities offered by an ever-growing industry.

    A streamlined, interesting Conference program. The Conference Program involves 4 sessions with the participation of independent experts outlining trends and prospects of the tissue paper market plus technical and product presentations by the Participating Companies. Participation is free of charge. Simultaneous translation is available.

    A new business concept reserved to 70 Exhibiting Companies.
    Visiting MIAC Tissue Business Point means obtaining a full overview in the technology and product in the world of tissue paper.
    (Edinova Srl)
    18.03.2014   NewPage Introduces First Brief In New PAPER@WORK Series: The Story Of UniTherm® ...     ( Company news )

    Company news ... Thermal Transfer Label Innovation

    NewPage Corporation (NewPage), a leading supplier of specialty papers, introduces PAPER@WORK, a new series of briefings detailing a spectrum of important topics impacting the world of specialty papers. The first PAPER@WORK Brief launched, titled "UniTherm® 25 years of thermal transfer innovation. And counting.", explores how UniTherm® label papers were originally developed over 25 years ago, and have grown through innovation to become an integral component of modern day logistic systems.
    "The history of UniTherm is one of bringing new innovation to life through close and ongoing collaboration with our customers," said Ed Buehler, vice president of sales, marketing and business development for specialty papers at NewPage. "We are excited to tell the story of UniTherm, and how it's grown to become a critical label paper for capturing and transmitting data on the millions of products and packages that move around the globe every day. UniTherm continues to innovate and perform in an ever-changing market."
    (NewPage Corporation)
    18.03.2014   Valmet to supply a containerboard line for Cheng Yang Paper Mill Co., Ltd. in Vietnam    ( Company news )

    Company news Valmet will supply an OptiConcept M containerboard production line for Cheng Yang Paper Mill Co.,Ltd. in Vietnam. The new production line is planned to produce high-quality containerboard grades out of 100 percent recycled raw materials. The start-up of the machine is scheduled for 2015.
    The value of the order will not be disclosed. The main part of the order is included in Valmet's first quarter 2014 orders received.
    "The line ordered by Cheng Yang Paper Mill will be Valmet's fifth OptiConcept M production line to be supplied to Asia. The first delivered line was successfully started up in China in December 2012," says Kari Räisänen, Sales Director of Valmet. "The advantage of our OptiConcept M technology is in its modular approach which enables short delivery times, quick startup and low project costs."
    Valmet's novel OptiConcept M production line stands for economy of total investment, personnel safety and machine usability as well as reduction of environmental load. The production line optimizes the machine investment in line with the mill's capacity needs and ensures optimized productivity at minimal operational cost. The production capacity of the new machine will be approximately 1,450 tonnes per day and the design speed is 1,300 m/min.
    (Valmet Corporation)
    18.03.2014   Eckhard Hoerner-Marass leaves manroland web systems    ( Company news )

    Company news Picture: The new manroland web systems Management: Uwe Lueders (left) and Joern Gossé (right).

    At the beginning of 2014, manroland web systems established a dual leadership. Now the spokesman of the Management, Eckhard Hoerner-Marass, leaves the company. Eckard Hoerner-Marass has been responsible for the development of the market leader in web offset printing since September 2012. He led the company group back to a profit zone within the second quarter of 2013 and against a weak market environment.
    Uwe Lueders, CEO at the L. Possehl & Co. mbH, takes over his responsibilities. Joern Gossé furthermore is in charge for the divisions Sales, Service and Marketing.
    (manroland web systems GmbH)

    Company news Glatfelter (NYSE: GLT) is pleased to announce the following executive management promotions, effective March 1, 2014:

    Picture from left to right: John P. Jacunski, Martin Rapp, William T. Yanavitch II, Christopher W. Astley

    John P. Jacunski has been promoted to Executive Vice President & Chief Financial Officer. Mr. Jacunski joined Glatfelter in October 2003 as Vice President and Corporate Controller. In 2006 he was promoted to Senior Vice President and Chief Financial Officer. Mr. Jacunski’s role within the company has become more extensive over the past few years as he has assumed greater responsibilities in the areas of operations, information technology, and global supply chain.

    Martin Rapp has been promoted to Senior Vice President & General Manager for the Composite Fibers Business Unit. Since joining Glatfelter in 2006, Mr. Rapp’s role within Composite Fibers increased dramatically as the company acquired several new facilities throughout Europe that have led to substantial growth within the business unit. The addition of our most recent acquisition, Dresden Papier, has further established Composite Fibers as a key global growth platform for Glatfelter.

    William T. Yanavitch II has been promoted to Senior Vice President Human Resources and Administration. Mr. Yanavitch joined the company in July 2000 as Vice President Human Resources. Throughout his career at Glatfelter he has worked to build a comprehensive talent management and recruiting process that enables Glatfelter to recruit, employ, and retain top talent to drive the successful execution of business strategy across the organization. Mr. Yanavitch also serves as the senior executive leader responsible for the development of effective government relations in support of the Company’s legislative and community interests.

    Christopher W. Astley has been promoted to Senior Vice President, Corporate Strategy. Mr. Astley joined Glatfelter in August 2010 and is the company’s lead executive responsible for corporate development and facilitating the creation and execution of market-focused business strategies. Mr. Astley played a key role in successfully completing the acquisition of Dresden Papier.

    “All of the above mentioned executives have demonstrated consistent growth throughout their careers with Glatfelter and these promotions serve to recognize the long-standing contributions of Mr. Jacunski, Mr. Rapp, Mr. Yanavitch, and Mr. Astley,” stated Dante C. Parrini, Chairman & Chief Executive Officer.
    (Glatfelter Corporate Headquarters)
    18.03.2014   Mimaki Employs Imagination to Bring Innovation to InPrint 2014    ( Company news )

    Company news Unique, exciting industrial printing applications on display

    Mimaki March 13, 2014 announced that it will be exhibiting at InPrint, being held in conjunction with Hannover Messe 2014 in Germany. The world’s first trade exhibition exclusively dedicated to print technology for industrial manufacturing will be held from 8 through 10 April. Mimaki will be located in Stand H16 at the show.

    “With the growing quality and capabilities of digital textile printing solutions available in the marketplace today,” said Mike Horsten, Marketing Manager for Mimaki Europe, “digital printing on a wide range of fabrics is gaining broad acceptance across a number of markets including fashion, home décor and signs and display graphics. Mimaki has long played a leadership role in delivery of high quality digital textile printing solutions for custom fabrics, test marketing and short runs of printed textiles. In addition, we will be featuring some of our flatbed UV-curable wide format printers that produce a broad array of on-demand printed industrial applications. We are thrilled to be part of this first-ever trade exhibition dedicated to print technology for industrial manufacturing and excited about the solutions we will be able to demonstrate to attendees.”

    Featured Textile Solutions

    The highlight of Mimaki’s stand will be its highly functional textile printing solutions, including the TS500-1800, the world’s fastest dye sublimation printer, capable of printing at 150 square meters per hour on transfer paper. It produces brilliant colour for apparel and soft signage, both of which are seeing increased demand for short run lengths that are ideal for digital on-demand printing. Key features that set this dye sublimation printer apart in the marketplace include:
    •Unmatched printing speed for sublimation paper at 150m2/h in high-speed mode. The TS500-1800 uses newly developed printheads that achieve a maximum speed in four- or six-colour mode. The printer includes six printheads, with three staggered.
    •Mist removal filter – The mist removal filter prevents problems caused by ink mists and enhances the stability of print operations by suctioning the mist inside the printer.
    •Mimaki Degassing Module – The Mimaki degassing module (MDM-20) eliminates the gasses or bubbles that can occur in inks during the printing process, decreasing the likelihood of nozzle blockage and improving the accuracy of ink dot placement. In addition, this module enables the printer to use undegassed bottled inks instead of conventional degassed ink packs, thus reducing ink costs.
    •Sb300 dye sublimation ink – Optimized for dye sublimation printing, the Sb300 ink offers an affordable price, dries quickly and produces brilliant colours. Sb300 ink is available in six colours (Bk,Bl,M,Y,Lbl,Lm).
    •Auto Media Feeder (AMF) – Mimaki’s unique Auto Media Feeder provides stable feeding and take-up of print media, eliminating much of the need for operator intervention during printing
    •Larger Roll Media Size – The TS500-1800 can accept rolls of media up to 60kg and 300mm in diameter, further improving operator productivity by eliminating the need for frequent media changes. Larger orders can be continuously printed without interruption, or batches of smaller orders using the same media can be easily handled.

    “We believe that the TS500-1800 will speed the transition to digital printing in the worlds of soft signage and apparel that is already well underway,” Horsten added. “In addition, our dedication to eco-friendly printing is also demonstrated with this textile printer, which uses less ink and water and results in less waste than other printing methods.”

    Mimaki will also be showing the Klieverik GTC101/2000, a partner product for transferring vibrant TS500-1800 prints from sublimation paper to fabric.

    UV Printing on Rigid Media

    “Printing direct to rigid substrates is another huge industrial printing opportunity, for everything from point of purchase materials to promotional products,” Horsten said. “Our portfolio includes printers that can produce an extremely broad range of applications with exceptional quality and productivity.”

    On Display at InPrint:
    •UJF-6042, this UV flatbed printer with LED curing and multiple ink options prints directly on substrates up to 150mm thick with a precise and vivid image quality that is normally only found in more costly printers. It support 6 colours and white ink. Together with its ability to print up to 1800×1800 dpi and its variable dot size, the UJF-6042 is engineered to deliver extreme accuracy of the ink drop placement on the substrate. For photo applications, its A2 size means operators can simultaneously print two facing pages of an A2-size photo album. For smaller items, it is easy to create an efficient print layout to minimize waste of expensive substrates and decrease overall production time.
    •JFX500-2131, this UV printer incorporates brand-new head technology and advanced LED curing. Its advanced head movement control produces an exceptionally high resolution image quality that can produce legible fonts as small as 2 points. With print speeds of up to 60 square meters per hour with CMYK and 45 square meters per hour with white, it also delivers the ultimate in productivity. Multiple ink options ensure the ability to produce a wide range of applications, including both rigid and flexible inks.
    (Mimaki Europe B.V.)
    18.03.2014   Lecta and the International Day of Forests    ( Company news )

    Company news The March 21st celebration seeks to raise public awareness of the importance of forests, their conservation and their sustainable development

    Forests cover a third of the earth’s surface and play a key role in the lives of many of its inhabitants. Around 1.6 billion people depend on forests for their very survival.

    Trees are the foundation of many natural systems, playing a fundamental role in the daily life of many rural communities. Furthermore, they help to mitigate climate change, as they influence the amount of carbon dioxide in the atmosphere: as trees grow, they absorb carbon, which remains sequestered in the wood and in forest products.

    With the International Day of Forests, the United Nations has created a new platform to raise awareness of the importance of all types of forest ecosystems in sustainable development.

    In Europe, land area covered by forests has grown by more than 30% since 1950. The European paper industry contributes to this increase, given that the trees from which it obtains the wood to manufacture paper are planted and cultivated on plantations that are continuously regenerated and replanted and that otherwise would not exist. Plantations for producing paper are large consumers of CO2, increase the land area covered by forests and help to conserve forests.

    Lecta guarantees that the wood used to manufacture our products has been sustainably sourced and is able to document that this wood comes solely from legal, non-controversial sources, all of which are certified or controlled. Proof of this is the PEFC and FSC chain-of-custody certification we hold for all of our production. Both certification programs require an independent third party to accredit the traceability of forest products from their extraction through the supply chain to end-user, thus constituting the instrument that demonstrates to the consumer that the wood, or any other forest product, comes from forests managed in a responsible and sustainable manner.

    Forest restoration is a pillar of Lecta’s social and environmental commitment. Since 2004 we have promoted, in collaboration with the Spanish NGO AccióNatura, reforestation plans and volunteer days in which customers, employees and their families have all participated, resulting in the planting of more than 20,500 trees on the Iberian Peninsula and in Brazil.
    (Lecta Group)
    18.03.2014   Edelmann Group: Stable financial year in 2013 and positive prognosis for 2014    ( Company news )

    Company news Picture: Edelmann intends additional internationalisation: With the acquisition of the Edelmann India production plant in September 2013, the international packaging manufacturer reinforced their presence in the growing Asian market.

    - At 233 million Euros, 2013 group turnover is at previous year's level
    - 55% of turnover generated abroad
    - Edelmann Group successfully consolidated after acquisitions
    - 2014 turnover increase to 248 million Euros is projected

    Edelmann, the internationally active manufacturer of high quality packaging solutions made of board and paper, has closed the financial year 2013 with a stable turnover of 233 million Euros, same as the previous year's level. The share of turnover from foreign companies was 55.4 per cent and therefore continued to gain importance (2012: 52 per cent). The financial year 2013 was strongly influenced by consolidation measures. With Edelmann India, the group integrated its thirteenth production plant. At the same time, it made investments amounting to 13 million Euros (5.6 per cent of the group turnover) in technical equipment for its production plants. This should help guarantee the worldwide service commitment to provide "High Q Packaging" Edelmann continues to commit to a strongly international focus. The next step is planned in Latin America in 2014 – a market analysis is currently underway.

    The worldwide service commitment to providing "High Q Packaging" was the determining factor for the 13 million Euro investment, which was increased in the financial year 2013 to 5.6 per cent of the group turnover (2012: 4.4 per cent). The latest technologies in digital and offset printing at the plants in Heidenheim, Lindau and Bitterfeld have facilitated a reduction in the order processing times and enable us to offer the customer innovative approaches to finding solutions.

    In the financial year 2014, Edelmann is planning for an investment volume of 14.5 million Euros. The construction of a production facility at Edelmann in Hungary is being planned, and the printing machinery at the plants in Mexico and India will be updated. In addition, technological investments at the plant in Leverkusen will establish the basis for further expansion of leaflet production.

    2013: Core Group expertise prevails on the market

    Edelmann Group prevails again in 2013 with their core expertise, the manufacture of folding cartons, leaflets, and system solutions for the health and beauty care market as well as consumer brands. A breakdown of turnover by sectors shows the health care and beauty care segments at 40 per cent each. The consumer brands sector showed a 20 per cent share. The share of the total 2013 turnover for leaflet production was 10 per cent. Altogether the Group’s 2,200 employees produced 4.0 billion folding cartons and 1.1 billion leaflets.
    2014: Additional internationalisation intended

    With the acquisition of the Edelmann India production plant in September 2013, the international packaging manufacturer reinforced their presence in the growing Asian market. 250 employees manufacture high quality packaging for the beauty care and health care sectors in northern India, in the state of Himachal Pradesh. The expansion of the business at the production plant in India to include the production of packaging for cosmetics and hair coloration products from the French group L'Oréal is being planned.

    There are new markets being created in the beauty care, health care and consumer brands segments. Analysts expect that the emerging markets will make up a total of 40 per cent of the global pharmaceuticals market by 2016. The cosmetic industry is focusing on growth regions such as China, Asia-Pacific, and in the medium term also Brazil and Africa. Edelmann is closely observing this development and will also accompany their customers into these markets. The takeover of an additional company in Latin America is planned for 2014.

    "Breathing factory" will shorten processing in the future

    "Quick and convenient communication, vendor-managed inventory, significantly shortened delivery periods and close proximity to customers – those are our fundamentals for customer satisfaction which must be continually expanded", emphasises Edelmann CEO Dierk Schröder. Currently, Edelmann intends to solve the issue of shorter delivery periods with the "breathing factory" system. Flexibility for customers should be based on flexible working hours models. Negotiations with the employee representatives have begun. The results, initially for the plants in Heidenheim and Weilheim, should be available in sometime before the end of financial year 2014.
    (Carl Edelmann GmbH)
    18.03.2014   Mayr-Melnhof: ANNUAL RESULTS 2013    ( Company news )

    Company news • Continuation of long-time path of success
    • Growth in volume and high capacity utilization
    • A further record result – Profit for the year EUR 123 million
    • Dividend increase plus anniversary bonus
    • Expansion continued

    In the financial year 2013 the Mayr-Melnhof Group was able to follow up closely the high level of the previous year in terms of profit for the year and operating profit. Both divisions, MM Karton and MM Packaging, made a substantial contribution to this. Despite continuing restrained private consumption and increasingly intense competition in the main market Europe the Group succeeded in utilizing capacity to a high degree and maintaining its long-standing profitability. Expansion in the core competence areas cartonboard and folding cartons continued in line with strategy. In addition to its strong position in recycled fiber based cartonboard, MM Karton was able to gain additional market shares in virgin fiber based cartonboard. The acquisition of the mechanical wood pulp mill MMK FollaCell in Norway also extended the division's self-supply capability in the area of high-quality wood fibers. With newly constructed sites in Poland and Turkey as well as acquisitions in Vietnam and Colombia, MM Packaging continued its growth trend in markets with future potential. A proposal to the 20th Annual General Meeting on April 30, 2014 to approve a dividend of EUR 2.40 per share following EUR 2.25 per share in the previous year will be made. In addition, an anniversary bonus of EUR 2.40 per share shall be distributed for a further decade of listing of Mayr-Melnhof Karton AG – thus a total payout of EUR 4.80 per share.

    At EUR 1,999.4 million, the Group’s consolidated sales were 2.4 % or EUR 47.2 million above the previous year’s figure (2012: EUR 1,952.2 million). This rise is mainly the result of increased volumes in both divisions.
    At EUR 165.4 million operating profit was 3.0 % or EUR 5.1 million lower than in the previous year (2012: EUR 170.5 million). The operating margin thus reached 8.3 % (2012: 8.7 %). The return on capital employed amounted to 15.4 % (2012: 17.5 %).
    In line with the decreased level of interest, financial income fell to EUR 1.6 million (2012: EUR 2.6 million), and financial expenses declined to EUR -4.0 million (2012: EUR -5.2 million).
    Profit before tax came to EUR 156.4 million after EUR 161.3 million in the previous year. Income taxes, decreased from EUR 41.0 million to EUR 33.5 million, mainly due to a non-recurring tax refund in the current year. Accordingly the effective Group tax rate went down from 25.4 % to 21.4 %.
    Thus the profit for the year increased from EUR 120.3 million to EUR 122.9 million. The net profit margin remained largely unchanged at 6.1 % (2012: 6.2 %).

    As of December 31, 2013 the Group's total assets were EUR 1,702.5 million, thus EUR 73.4 million above the comparative value of the previous year. Total equity rose from EUR 1,067.1 million to EUR 1,111.8 million. This increase primarily results from the profit for the period, which is offset by the dividend payment for 2012 as a deductible item. Total equity to total assets remained largely stable at 65.3 % (2012: 65.5 %). The return on equity amounted to 11.3 % (2012: 11.7 %).
    Financial liabilities of a primarily long-term character increased by EUR 12.2 million to EUR 169.6 million due to the raising of low-interest loans. Provisions for non-current liabilities in the amount of EUR 99.1 million are related to accruals for employee benefits and were almost kept at the previous year's level (December 31, 2012: EUR 97.9 million).
    At EUR 303.5 million, total funds available to the Group were below the figure as of
    December 31, 2012 (EUR 335.4 million), with net liquidity decreasing from EUR 178.0 million to EUR 133.9 million. Payments related to the acquisition of property, plant and equipment and subsidiaries were the main reasons for this development.

    As a result of stable consumer expectations in the main European markets the cartonboard and folding carton business continues to be marked by strong competition and short-term but constant customer planning. The aim of MM remains to continue its course of long-term growth even in these overall conditions, both organically through further market penetration as well as through acquisitions, particularly in growth regions.
    Increased volumes, productivity improvements and continuous optimization of the product portfolio in both divisions are intended to contribute towards defending or increasing market shares and to maintain the Group's long-term profit dynamic at a high level.
    With the currently high level of capacity utilization in our plants and largely stable prices for fibers and energy, the Group develops correspondingly on course.
    Investment activities continue to focus on the deployment of the latest technology and on improving cost efficiency. Furthermore, a special investment in a mid-double-digit million euro amount is planned for 2014 for the introduction of FOODBOARDTM in the Austrian main mill Frohnleiten, with implementation focus in the 4th quarter. An operating profit below the level of the previous year can be expected for MM Karton in 2014 as a consequence of the planned downtime due to construction work and due to the non-recurring income from the acquisition of the Norwegian mechanical wood pulp mill MMK FollaCell in the last year. In contrast, MM Packaging should continue to maintain a solid operating margin.
    (Mayr-Melnhof Karton Gesellschaft m.b.H.)
    17.03.2014   Fredrik Holgersson new mill manager at Braviken    ( Company news )

    Company news Fredrik Holgersson will be the new mill manager at Holmen Paper’s Braviken Paper Mill outside Norrköping, Sweden. He will replace Rikard Wallin, who is moving on to a new role in the marketing department.

    Fredrik Holgersson, 41, is currently responsible for Operations & Logistics in Holmen Paper’s marketing department. He will be taking over the helm of Braviken Paper Mill in an exciting but challenging period.

    “Braviken has undergone major organisational changes as it adapts to a tough market climate. At the same time we are carrying out proactive product development work to improve profitability. I’m really looking forward to becoming part of the skilled team that will take the mill into the future,” says Fredrik Holgersson.

    “In Fredrik, Braviken gains not only one of our most experienced and analytical people at the helm, but also a skilled leader with the ability to see to that the people around him achieve their full potential,” says Holmen’s incoming President and CEO Henrik Sjölund.

    Fredrik Holgersson replaces Rikard Wallin, who will take over responsibility for Holmen Paper’s increasingly important International Sales. Rikard is also taking over responsibility for Market Intelligence.

    “My ten years at Braviken have been varied, to put it mildly. We have made major investments and also made necessary cuts, including shutting down one paper machine. It was a tough decision, but it has produced results and put us in a better position for the future. I feel that this is the right time to pass on the baton,” says Rikard.

    The changes will apply from 1 April.
    (Holmen Paper AB)
    17.03.2014   Mondi Group Full year results for the year ended 31 December 2013    ( Company news )

    Company news Highlights:
    -Record financial performance
    -Underlying operating profit of €699 million, up 22%
    -Underlying earnings of 95 euro cents per share, up 37%
    -ROCE of 15.3%, up 170 basis points
    -2012 packaging acquisitions integrated and synergies on track
    -Strategic capital investments on track, with a number of projects completed
    -Strong de-leveraging with net debt down by €251 million to €1,621 million
    -Cash generated from operations exceeded €1 billion for the first time
    -Total dividend proposed of 36 euro cents per share, up 29%

    David Hathorn (photo), Mondi Group chief executive, said:
    “I am pleased to report a record financial performance, driven by our low cost position, exposure to higher growth markets and ongoing focus on operational excellence.
    While growth in demand for the Group’s key products has remained generally subdued, supply-side constraint has been supportive of pricing. It is particularly pleasing to see how well the integration of the businesses acquired in late 2012 has gone, with synergies delivered in line with target.
    Despite a difficult trading environment, the new business segment of Consumer Packaging has demonstrated its resilience. With order books strengthening in the new year and the structural growth dynamics still very much in place, we remain confident in the future development of this business.
    A further priority in 2013 was the successful development of the various capital expenditure projects initiated over the past two years. It is again pleasing to report that a number of these were delivered during the year, all within budget. The projects that are still in progress remain within budget and on target for their scheduled completion dates over the coming two years.
    The trading environment in the Group’s main markets remains mixed. The increase in the price of recycled containerboard in the second half of 2013 on solid demand growth is encouraging, and should lend support to our other key containerboard grades.
    However, price pressure in most virgin paper grades in the second half of 2013 means that we start the new year with lower pricing than the average for 2013. The near-term outlook for pricing is largely dependent on the strength of the European macroeconomic recovery. In this regard it is encouraging to see a recent pick-up in orders in some of our main product segments and we are in discussions with customers on price increases in certain virgin packaging grades.
    Recent exchange rate volatility in several of the emerging markets in which we operate does create its challenges. However, the Group’s positioning as a net exporter from most of these markets typically allows us to benefit from the devaluation of these currencies relative to the euro. We are confident that the ongoing capital investment programme will contribute meaningfully to our performance going forward. Our proven ability to generate strong cash flow through the cycle provides valuable optionality.
    As such, we remain confident in the Group’s ability to continue delivering industry-leading performance.”
    (Mondi Paperlink Mondi Packaging Distribution Centre)
    17.03.2014   J.D. Irving, Limited Launches $513 Million Investments in Forestry and Forest Products ...    ( Company news )

    Company news ... Operations in NB - $450 million Investment at Irving Pulp & Paper

    Irving Pulp & Paper will invest $450 million in a two-phased modernization program of the west side pulp mill. It is the largest investment in a pulp mill in Canada since 1993. The project will generate 1.2 million in person hours of construction work over two phases – equivalent to a total of 600 full-time equivalent (FTE) jobs. The pulp mill investment involves no provincial or federal government funding.
    “This investment is a tribute to the everyday skill, passion and dedication of all employees who help sustain world class forest products operations from our home here in New Brunswick. The pulp mill is a cornerstone for thousands of jobs – from foresters and woods workers to private wood producers, sawmills, paper, corrugated medium and high value tissue products. Throughout New Brunswick, small and medium enterprises are the backbone of the industry – over 1700 suppliers in more than 250 communities.” said Jim Irving, Co-CEO of J.D. Irving, Limited.
    “We appreciate the commitment of the Province to ensure a sustainable wood supply that makes this modernization program possible,” Irving continued. “A growing wood supply will be achieved while ensuring responsible environmental performance that includes watercourse protection, habitat conservation, an ongoing $1.5 million investment in forest research every year as well as independent 3rd party audits. That is the commitment of our team of more than 150 forestry professionals who work in the woods of New Brunswick. ” said Jim Irving.
    This spring the company will invest $198 million in a 24 month project to build a new chip screening and handling system as well as a new pulp digester which cooks the wood chips. The modern new digester will replace the 14 existing digesters at the site. The project will reduce air and noise emissions. As part of the Environmental Impact Assessment process for this project, a public meeting will be held at St. Patrick’s School on March 25, 2014.
    A second investment of $250 million will commence with engineering work this coming fall. The project involves installing a modern new pulp dryer to replace the existing 3 dryers on site. This project is estimated to take 30 months with the construction start date dependent on market conditions.
    “New Brunswick’s forestry sector was built by strong partners, and Irving Pulp and Paper’s $450-million mill rejuvenation project demonstrates that the future of our province’s biggest economic sector is as bright as its past,” said Premier David Alward. “I want to congratulate Irving Pulp and Paper for the confidence it is placing in New Brunswick’s greatest resource, its people. This project will put boots in the woods and in our mills in every region of our province.”
    “We are very excited about this announcement,” said Mel Norton, Mayor of Saint John. “This significant capital investment in Irving Pulp & Paper will not only solidify a major employer in our City but will also assist in maintaining over 160 other businesses in Saint John that provide about $30 million in goods and services a year to this west side facility.”
    “This announcement today is proof of what can happen when government, industry and labour work together to support and strengthen the local economy,” said Jerry Dias, National President at Unifor, the country’s largest private-sector union. “It will sustain thousands of good jobs and Irving’s investment will generate hundreds of new jobs. This means great things for our workers, for the people of Saint John and for communities throughout New Brunswick.”
    (J.D. Irving Limited)
    17.03.2014   Spain: Voith to supply coating unit for Europac Duen͂as Papel    ( Company news )

    Company news Europac Papeles y Cartones de Europa S.A. ordered a SpeedSizer applicator unit for the PM 2 of its Duen͂as mill. Start-up of the rebuild is scheduled to be in May 2014. Thus, PM 2 will be able to not only produce normal, but also white coated testliner in the future.
    Voith was chosen to be the supplier due to their extensive know-how and numerous references. Thanks to an attractive, long-term financing concept, Voith was able to provide an additional benefit for Europac.
    Apart from SpeedSizer, the scope of supply comprises the associated workstation and both a starch and a coating color preparation unit. A new CB-Turn ensures non-contact turning of the web, before it is dried by means of a space-saving combination of infrared dryers and downstream air hood. Non-contact high-performance drying is particularly energy-saving, since the air hood is exclusively heated by the waste heat of the infrared dryers. The after-dryer section is to be adapted, with most of the existing parts being reused.
    (Voith Paper GmbH & Co KG)
    17.03.2014   Vaahto Group's Financial Statements for 1 January- 31 December 2013    ( Company news )

    Company news Development of business operations
    Vaahto Group’s turnover from continuing operations during the period ending in December 2013 was 36.5 M euros (comparative: 30.4 M euros) and operating profit 1.0 M (operating loss of 4.1 M euros). Turnover increased by 60% in relation to an annualized reference figure, and the operating result improved significantly. The improvement in profitability is due to cost savings and an increase in order volumes. The Group’s order backlog was 6.4 M euros (20.1 M euros) at the closing of the financial year. The period under review is 12 months long, while the reference figures cover 16 months.
    By decision of the Extraordinary Meeting of Shareholders, the financial year of Vaahto Group was changed to run from 1 January to 31 December starting in 2013. Previous financial years ran from 1 September to 31 August. For this reason the financial year 2011-2012 was extended to cover 16 months, from 1 September 2011 to 31 December 2012. Hence, the reference data in the financial statements for 2013 refer to 16 months.

    Vaahto Process Technology
    Vaahto Process Technology’s turnover was 32.2 M euros (24.0 M euros), and the result showed an operating profit of 2.6 M euros (an operating loss of 0.7 M euros).
    Vaahto Process Technology’s market situation in the vessel business was good at the beginning of the period under review but tightened somewhat toward its end. Japrotek Oy Ab delivered a significant order to Sasol Technology in South Africa. Most of that order’s value was booked in as income for 2013. The order involved the design, manufacture, and installation of eight large vessel structures. This project is expected to be complete in the first quarter of the 2014 financial year.
    The market situation for Japrotek Oy Ab’s vessel business remains difficult, but the offer book for 2014 is solid and additional orders from the existing customers have been agreed.
    Vaahto Process Technology’s market situation in the agitator business was good, and new orders were received steadily over the course of the period. In December 2013, Stelzer Rührtechnik International GmbH delivered its largest order ever, to an Asian chemical company. The order was for 1,200 kW agitators intended for high‑technology polymer production. Involving a comprehensive delivery, the challenging nature of this order required world-class project expertise and product development. The agitators were manufactured in Germany, at Stelzer’s Warburg plant.
    The profitability of the agitator business unit is nearly in line with the objectives set, and the outlook for the current financial year is good.

    Vaahto Paper Technology
    Vaahto Paper Technology’s turnover from continuing operations was 4.5 M euros (6.4 M euros) and the operating loss of 0.8 M euros (operating loss of 3.4 M euros). The division’s result was very weak.
    The operating loss from discontinued operations was 4.4 M euros (operating loss -2.3 M euros). This operating loss includes the cost from both the sale of business and discontinued operations. The sale price of the business is not yet final; it includes items to be specified later.
    In the 2012 financial statement, the Group described the sale of Vaahto Paper Technology’s project-business unit and the spare-parts and small-project operations belonging to the company’s service unit as discontinued operations. This business was sold to Gebr. Bellmer GmbH Maschinenfabrik in April 2013. All projects in progress at the time of the sale were transferred to the buyer. Completed projects that are within their warranty period remain with Vaahto Paper Technology Ltd. All estimated liabilities associated with the completion of these projects are included in the balance sheet under “Operations for sale.”
    Vaahto Group intends to divest or discontinue operations of the unprofitable Paper Technology business in its entirety. The Board of Directors is considering various options for the discontinued Paper Technology business, the primary option being a sale of the business. The Service unit of Vaahto Paper Technology Oy is presented in the profit and loss statement as discontinued operations and on the balance sheet as assets and liabilities for sale. AP-Tela Oy, which belongs to Paper Technology-division, is shown under continuing operations.
    The effect of discontinued operations on profit/loss is shown on its own line, separate from continued operations.

    Financing and liquidity
    The cash flow from the Group’s business operations was -2,4 M euros (-4,4 M euros), and the Group’s net financing costs came to 1.0 M euros (1.2 M euros). The cash flow from investments made during the financial year was 0.3 M euros (-1.0 M euros). The Group’s consolidated balance sheet total was 23.6 M euros (30.5 M euros).
    Loans from credit-institutions entail re-payment covenants linked to the Group’s solvency ratio. The year-end accounts of 31 December 2013 are in breach of a covenant, but the Group received assurance from the creditors in question at the close of the 2013 financial period that no consequences of the breach would arise for the Group.
    The financing negotiations of Vaahto Group were concluded on 18 December 2013. The final agreement provides the Group companies with a grace period for receivables of credit institutions for 2014. In addition to the further 2.0 M euros provided by certain shareholders, the financiers of the Group also waived repayment of loans amounting to 1 M euros: 0.83 M euros for the parent company and 0.17 M euros for Vaahto Paper Technology Ltd. These amounts are shown in the financial items of the financial statement.
    Moreover, the Group’s financiers agreed to waive loans totaling 2 M euros, provided that certain conditions of the financing agreement are met. While the Company is likely to meet the conditions set for that waiver during the first quarter of 2014, the financiers will honor the waiver even after the first quarter, when the conditions are met. The financing arrangement includes a further commitment by the financiers to waive loans totaling 1 M euros, provided that the Company can raise at least 1 M euros in new equity by means of a share issue. Conditional waiver of loans totaling 3 M euros from the financial arrangement reached, planned divestment of Paper Technology and Board’s plans for a new share issue, will, once they have been realized, clarify the new, strategy-driven direction and support the financial position and liquidity of the Group.
    However, the Group’s liquidity remains low and the financing will suffice only if the management’s plans succeed and profitability improves.

    The Group’s capital expenditure during the period under review came to 0.9 M euros (1.3 M euros). Most of the investments went toward asphalting of the grounds of the Hollola production plant: in total, 0.6 M euros. The other investments consisted mostly of machine and equipment investments for Vaahto Paper Technology’s Service business.

    Environmental affairs
    The financial period saw the conclusion of the work required by the company’s environmental permit for the processing of drainage water on the courtyard of the Hollola plant.

    Research and development
    The Group’s research and development activities focused on the expansion of Vaahto Paper Technology’s range of service products. The scope of research and development activities remained at the previous financial year’s level.

    Human resources
    The average number of personnel employed by the Group during the period under review was 256 (333). In total, 181 of these people were employed in continuing operations. With the sale of the Projects unit on 15 April 2013, 56 people working in business operations in Hollola and 16 in Tampere transferred to Bellmer.

    Risks and uncertainty factors
    Demand for Vaahto Group’s products is highly dependent on economic developments and other trends in both the global economy and the Group’s main customer industries. The risks created by fluctuations in demand are addressed through adaptation of the Group’s sales operations to current trends in the relevant market areas and customer industries.
    Large-scale projects entail the risk of inaccurate assessment of project costs and other risks inherent to projects in the tender stage, which may cause a project’s financial result to be lower than expected. To keep the risks involved in large-scale projects under control, the Group employs several means, such as multiple quality-management systems, profitability analyses, operation guidelines, and approval procedures.
    The objective of the efforts to manage the Group’s financing risks is to minimize the negative impact of changes in financial markets on the Group’s result and to ensure the availability of internal and external funding on competitive terms.
    The risk of property losses, consequential losses, and liability losses caused by business operations is addressed by means of appropriate insurance arrangements.
    The most significant risks associated with continued operations center on the liquidity and solvency of Vaahto Group, on meeting the conditions set by its financiers, on the adequacy of the development measures aimed at increasing profitability, and on the development of customers’ demand and market situations.
    A cash flow forecast extending through February 2015 was prepared to assess the sufficiency of the Group’s working capital. That forecast indicates that the working capital will cover the needs of the coming 12 months, provided that the profitability goals set are reached. However the working capital situation will be tight and its adequacy shall be actively monitored.
    Negotiations with Group’s main financiers on financial restructuring are scheduled for fall 2014.

    Equity capital
    The financial statements of 31 December 2013 include depreciation of 11.1 M euros declared by the parent company, Vaahto Group Plc Oyj, for its subordinated loans to subsidiary Vaahto Paper Technology Ltd. This entry leaves the equity capital of Vaahto Group Plc Oyj at negative 4.3 M euros. On account of the operating loss, also the equity of Vaahto Paper Technology Ltd is negative. The Trade Register has been duly notified of the negative equities.
    After the close of the financial year, the Board of Directors of Vaahto Group Plc Oyj announced that, to strengthen Vaahto Group’s financial position, it intends to issue new shares in the first half of 2014. The Board is also considering various options for divestment of the Paper Technology business, with the primary option being sale of the business. The financial arrangements made and planned are described under “Financing and liquidity.”
    The Annual General Meeting held on 10 April 2013 authorized the Board of Directors to decide on the issuing of new shares in one or more tranches. The maximum number of shares that may be issued is 2,000,000. The authorization is valid until 31 May 2014.
    The Board of Directors has no authorization to issue convertible bonds or warrant bonds or for purchasing or transferring the Group’s own stock.

    Deferred tax liabilities and receivables
    In total, 0.3 M euros of value adjustments for deferred tax receivables from confirmed business losses and deferred depreciations have been booked for the 2013 financial period. After this, the Group has no further deferred tax receivables.

    The Annual General Meeting held on 10 April 2013 nominated the following persons as members of the Vaahto Group Plc Oyj Board of Directors:
    Reijo Järvinen, chairman
    Sami Alatalo, deputy chairman
    Topi Karppanen, member
    Mikko Vaahto, member
    Vaahto Group’s CEO during the period under review was Ari Viinikkala.
    After the close of the financial year, Vesa Alatalo was appointed as CEO from 16 January 2014 onward.

    The Group’s accounts have been audited by certified auditing company Ernst & Young Oy. The head auditor was Panu Juonala, Certified Public Accountant.
    The Company follows the 2010 Corporate Governance Code issued for companies listed on the NASDAQ OMX Helsinki exchange. A report on the Group management and steering system is available on the Group’s Web site.

    Development prospects
    Demand for Vaahto Group’s products and its financial situation both are highly dependent on global economic developments and other trends affecting its customer industries.
    Vaahto Paper Technology’s market situation remains uncertain. The market situation for Vaahto Process Technology is expected to be more stable.
    The financing arrangement reached with our financiers, including a conditional waiver of loan repayments, planned divestment of the Paper Technology business, and the Board’s planned share issue, will, once they have been realized, strengthen the strategy of focusing on the Process Technology business and support the financial position and liquidity of the Group.
    The operating result from Vaahto Group’s continuing operations in 2014 is expected to be positive.
    The year-end accounts have been drafted under the going-concern assumption. This requires that the Company in 2014 reaches the result and profitability objectives set in the management forecasts and be able to obtain additional financing and renegotiate the payment terms for its liabilities.

    Developments since the end of the financial year
    Vesa Alatalo was appointed as CEO of Vaahto Group Plc Oyj, with effect from 16 January 2014.
    On 3 February 2014, Vaahto Group Plc Oyj announced a plan to strengthen its strategy focusing on Process Technology’s operations. The Group engages in process technology business through subsidiaries, Japrotek Oy Ab and Stelzer Rührtechnik International GmbH. In line with the strategy change initiated in spring 2013, Vaahto Group intends to divest the unprofitable Paper Technology business. The Board of Directors is considering various options for discontinuation of the associated operations and capital, with the primary option being sale of the relevant business.

    Distribution of profit
    The parent company made a business loss of 8,120,359.08 euros, and the company has no distributable funds.
    The Board of Directors proposes to the General Meeting that no dividends be distributed and that the loss be covered with funds from the profit account.

    The General Meeting of Shareholders
    The General Meeting of Shareholders of Vaahto Group Plc Oyj will be held in Sibelius Hall, Lahti, on 15 April 2014, at 13:00.

    Vaahto Group’s interim management statement
    Instead of an interim report for the first quarter of the 2014 financial year, Vaahto Group Plc Oyj will publish the Interim Management Statement on 16 May 2014.
    (Vaahto Group Plc Oyj)
    17.03.2014   Ricoh is number one choice for colour and mono cut sheet press and celebrates the ...    ( Company news )

    Company news ... three year anniversary of its Heidelberg partnership

    Ricoh Europe remains the number one choice for colour, digital cut sheet presses in Western Europe for 2013 for the second full year (based on unit placements reported by InfoSource). The 36.2 per cent market share has been achieved as commercial and corporate printers selected Ricoh’s Pro™ C901 and Pro™ C751 series models for their digital printing services. It has also been further improved by the popularity of Ricoh’s Pro™ C5110 series, the light production press, which combines affordability with premium print quality, versatile media handling and a compact footprint.

    In addition, production printing buyers chose Ricoh branded mono systems over all others, putting Ricoh into number one position for mono production printing unit placements for 2013 in Western Europe with a share of 24.0% (InfoSource).

    This success comes ahead of Ricoh and Heidelberger Druckmaschinen AG (Heidelberg) celebrating the third anniversary of their digital press partnership, which was announced in spring 2011.

    Since drupa 2012 Heidelberg has been offering Ricoh’s Pro™ C901 and Pro™ C751 series as Linoprint C 901 and C 751. In combination with the Prinect Digital Print Manager both systems can be integrated in Heidelberg’s Prinect print-shop workflow enabling printers to integrate their offset and digital technologies in one workflow.

    Peter Williams, Executive Director and Head of Production Printing Business Group, Ricoh Europe PLC says, “The development of our technology and services focuses on supporting the changing needs of the commercial and corporate printer to grow their business in print and beyond while improving efficiency and profitability. We are delighted that these businesses have made us first choice for colour in Western Europe overall and also number one in the top seven markets by size: Germany, the United Kingdom, France, Italy, Spain, The Netherlands and Sweden. As well as in the fast emerging market of Turkey.

    Furthermore, our partnership with Heidelberg is going from strength to strength. Print services providers are investing in digital colour cut sheet systems as a result of their deep long term relationship with Heidelberg and are contributing to the continuing popularity of Ricoh technology among commercial printers.”

    Jason R. Oliver, Senior Vice President Business Area Digital at Heidelberg, says “Our partnership with Ricoh in Europe and around the globe is a unique success. Thanks to Ricoh print technology and our own Prinect workflow, we offer commercial printers a digital or an offset choice – all from one company. Customers who have bought our Linoprint C products are opening new value-added opportunities like hybrid applications as a combination of offset and digital technologies. Our clients are seeking to achieve the right digital/offset balance in their business, integrating digital capability into their existing print infrastructure; all driven by our Prinect workflow. For them, buying through Heidelberg is the natural choice. The feedback that we get from our clients who are investing in our Linoprint C digital devices has been exceptionally positive.”

    Louis Bracey from Apple Colour in Bristol UK states: “To Apple Colour the installation of our Linoprint C 901 digital press has meant that we can offer our customers a wider range of professional services. Key to this is that the C 901 is fully connected to our Heidelberg Prinect workflow system. This means we can address shorter runs, mail sorted print runs and gain new business.” (

    “The last three years have seen many changes in the European production printing environment. And the rate of change will not slow down,” Williams says. “We see confidence returning to the professional printing community, whose business clients are starting to invest again in marketing and communications. Importantly this does not mean a return to the old world order. Permanent change is essential. Successful Print Services Providers are anticipating and adapting to clients who are demanding fast and agile support from their key suppliers. Speed and flexibility are essential. Print that connects with online is an essential element for marketing campaigns. The harnessing of Big Data, highly targeted direct mail as part of cross media campaigns, and short run books are also key features of today’s evolving landscape. And sustainability too is becoming important to clients who are elevating it towards the top of their corporate agendas again.”
    (Ricoh Europe PLC)
    17.03.2014   TSC at interpack 2014 - Hall 12, Booth A01    ( Company news )

    Company news For the first time TSC Auto ID will have its own stand at interpack in Dusseldorf, Germany. In hall 12, booth A01 the world wide operating manufacturer of powerful thermal direct and thermal transfer printers is presenting its entire product family and efficient labeling solutions to boost productivity and efficiency in the companies. An absolute highlight will be the brand new high-performance MX240 series which offers top performance features and futuristic design and set high standards in industrial label printing.

    Thanks to its specific attributes the revolutionary development is excellently suited to professional labeling in clean room environ-ments such as in food or electronics industry or in health care. The MX240 series offers the highest memory capacities including 256 MB SDRAM and 128 MB FLASH - and a high-resolution 4.3“ color display combined with the latest touch-panel technology. A powerful 32 bit high-performance processor enables fast print speeds and ensures continuous printing because the thermal transfer printer was specially built from the ground up to deliver 24x7 mission critical performance. The basic differences between the three models in this series are their print resolutions and their print speed: The MX240 prints at 203 dpi at speeds up to fourteen inches per second, MX340 offers 300 dpi resolution at speeds up to twelve inches per second, and the MX640 features 600 dpi high resolution which makes it ideal for printing very small 2D barcodes, graphics, fine print and other ultra-high-resolution images.

    A useful addition
    Also interesting for the visitors are the wireless industrial mobile computers of TSC partner CipherLab, delivering an optimal combi-nation of powerful computing, fast data capture and easy infor-mation access in a single, lightweight device. They enable continual workflow and constant connectivity at the point of use – between the shelves in the supermarket, in storage or during transport. Data transmission is carried out in online mode via WLAN or Bluetooth. In offline mode the data will be temporarily stored and then trans-ferred by a docking station.

    A rugged labeling system for parcels and pallets
    Another highlight will be the new labeling system MCA3500, TSC partner Dalektron has been developed for labeling of unsorted par-cels and pallets with different sizes moving along a conveyor belt. For this installation the powerful thermal transfer printers of TSC`s TTP-2410M Pro series are preferred. A robot-controlled lift arm with a pneumatic vacuum stamp ensures that the labels can be securely applied at the side of different parcels. Depending on application requirements label formats and print width of 104 mm can be pro-cessed with up to 720 labels per hour. The data connection to a primary host system is also possible such as a stand-alone-solution via SD card slot. Mounted on a rolling aluminium frame the rugged labeling system can be adjusted individually for each position in accordance with the product and need. It only requires a 3 or 6 bar compressed air connection and a 230 V outlet.

    During the whole fair TSC´s motivated and qualified specialists will be present at booth A01 in hall 12. Visitors of the fair will find TSC´ innovative industrial, desktop and portable printers at the booths of their partners too.
    (TSC Auto ID Technology EMEA GmbH)
    14.03.2014   Portucel Soporcel group raises UWF paper prices in Europe    ( Company news )

    Company news Demand increases in all leading markets

    •Increase of 3% to 5% for April
    •Growing pressure from the industry's cost structure and historically low prices lead to plant closures in the US and in Europe

    The Portucel Soporcel group, Portugal's second leading exporter, is set to increase the prices for its UWF (uncoated woodfree) paper products across all European markets, as from the beginning of April, mirroring the two increases already implemented by the Group this year, with complete success, in the US, Middle East, African and Asian
    markets and an increase in Latin America.
    The strong pressure on the industry's cost structure, which has undermined profitability and led to the closure of several plants in the US and Europe, has made this price review inevitable, together with the fact that prices dropped by around 3% throughout 2013 alone, according to relevant benchmark indicators in Europe. It is necessary to go back three and a half years, to summer 2010, to find prices lower than they are at present, it is also worth to underline that in more than three decades only during six periods of time real prices were actually lower than they are today.
    European leader in the production of UWF paper, the Portucel Soporcel group will raise its prices in the European market for all its products by 3% to 5%, corresponding to the signs of growing demand detected in the early months of 2014. Since the start of the year, demand has consistently increased, and order books at all the Group's mills are at their highest level ever for this time of the year.
    The Portucel Soporcel group markets products to 118 countries under its own paper brands with a strong reputation for superior quality - Navigator, Pioneer, Inacopia, Explorer, Target, Discovery and Multioffice. The Navigator brand, in particular, is the world's best-selling office paper in the premium segment.
    (Soporcel-Sociedade Portuguesa de Papel SA)
    14.03.2014   MarquipWardUnited Launches the eCon Sheeter    ( Company news )

    Company news MarquipWardUnited unveiled their latest sheeting machine, the eCon sheeter at their facility in Phillips, Wisconsin, USA, in early 2014 to a group of local and international customers and agents. This in itself, was a very exciting event, however, the launch of this sheeter was different than any other product launch made in the history of the Company.

    In response to the growing demand for lower cost sheeting solutions sought worldwide, leadership at MarquipWardUnited handed the engineering department a seemingly impossible task - produce a sheeting machine incorporating famous MarquipWardUnited technical features, but with a price to match machinery manufactured in Asia. This task was made even more difficult because the supply of parts or assemblies from low cost labor regions was ruled out. The team did not disappoint and eCon was born.

    This sheeter is built with components sourced from first-class American or European suppliers and has a build quality normally found on more expensive sheeters. Best of all, the eCon is built entirely in Phillips Wisconsin USA.

    The eCon is supplied in two configurations offering the normal features required for high quality sheeting. A small number of options, augment the highly standardized two-web and four-web configurations. Standardization is the key feature that allows this high quality machine to be offered at such an attractive price level.

    The eCon features the industry leading MarquipWardUnited knife technology with features such as, on machine grinding, low power consumption, and 1000gsm capacity. At 1650mm (65”) width and a maximum speed of 300m/min, the eCon offers fantastic value for customers with straightforward paper or board sheeting needs.
    Even though the eCon is a budget model, the PC based controls package and HMI are easier than ever to use, offering market leading on-screen and remote diagnostics.

    With modern offset presses achieving ever higher running speeds and short setup times, the quality of sheets delivered to the press is more critical than ever. Sheets with curl, dusty edges, poor squareness or accuracy will restrict the potential of the press to a point where the cost of a quality sheeter is almost insignificant compared to money lost through poor press production and waste.

    When a sheeter is installed in a commercial printing or folding carton plant, it quickly becomes the most critical uptime center. In basic terms, if the sheeter stops, the whole plant soon follows.

    With reliability and uptime in mind, eCon loses nothing compared to its more expensive and automated stable mates. PC control, first class electrical and mechanical components, backed by the most comprehensive international service and spares network offered by any sheeter manufacturer, ensure that your plant gets sheets when you need them.

    So now you can afford to buy the sheeter your production team wants at a price that keeps your CFO happy too.

    The eCon is designed to work and priced to sell.

    Contact MarquipWardUnited at
    (MWU MarquipWardUnited Inc. Corporate Headquarters)
    14.03.2014   Spanish paper mill Paprinsa relies on Voith Service    ( Company news )

    Company news Two Spanish paper mills already rely on Voith’s services – now Voith has signed a 5 year service contract with Papelera del Principado S.A. - Paprinsa. Voith will supply the mill maintenance services for the Paprinsa mill, located in Mollerussa (Lleida) in the northern part of Spain. With this 5 year performance maintenance agreement Voith will establish and manage all maintenance systems, processes and procedures in the mill.
    “We are pleased to cooperate with Voith in creating a world-class operation at our Paprinsa site” commented Javier Farré, Managing Director. “The outsourcing of maintenance was decided after visiting other sites in Spain convincing us of the benefits, performance and customer satisfaction of Voith performance maintenance services, which will further contribute to our operational performance.”
    Voith offers worldwide flexible services for servicing and maintenance that can be specifically adapted to the customer's production and maintenance needs. The Resident Service contract with Paprinsa includes the full responsibility for the maintenance business process targeting lower maintenance cost and a higher time efficiency. In order to capture the correct starting point in the preparation phase, the customer and Voith jointly conducted a number of deep investigations with main focus on current maintenance process, instituted HSE (safety, health and environmental) guidelines and the condition of the installations onsite. Based on the results, the project team commonly defined the project objectives and the improvement expectations. In this project Voith will do the maintenance management and take care of maintenance personnel demand. The project implementation started in January 2014.
    (Voith Paper GmbH & Co KG)
    14.03.2014   Pöyry awarded EPCM services assignment for state-of-the-art greenfield pulp mill in Brazil    ( Company news )

    Company news Klabin has awarded Pöyry with the assignment for the Engineering, Procurement and Construction Management (EPCM) services for a relevant part of the Balance of Plant (BOP) at the Puma Project in Brazil. The scope of work includes the required interconnection between all process EPCs areas, water intake and effluent outfall systems, cooling tower, central control room, chemicals handling and other complementary systems.
    The new, state-of-the-art greenfield pulp mill - "PUMA Project", will be located in Ortigueira, Parana State, in the South of Brazil. Raw material for the mill will be eucalyptus and pinus wood from own plantations in the surrounding area. The annual capacity target for the pulp mill is 1.1 million Air Dry tons (ADt) of eucalyptus-baled bleached pulp and 0.4 million ADt of pine bleached pulp, baled and also converted to fluff.
    Pöyry has been involved in the project since January 2012 when it was awarded an assignment for environmental studies and basic engineering by Klabin. Pöyry was also awarded a preparatory work for mill infrastructure.
    The Puma Project is the largest investment in Klabin's history. The company that was founded in 1899, already operates 16 industrial plants - 15 in Brazil and one in Argentina, focusing on markets such as packaging paper and board, corrugated packaging and industrial bags.
    "This assignment strengthens Pöyry's position as the world's leading pulp and paper engineering consultancy, having delivered projects for 80% of the world's major pulp and paper companies", says Martin Kuzaj, President of Pöyry's Industry Business Group.
    The parties have agreed that the value of the assignment is not disclosed. The order will be recognised within the Industry Business Group order stock in the first quarter, 2014.
    (Pöyry Plc)
    14.03.2014   Cost-cutting and changed lifestyles drive lightweight packaging in Australia    ( Company news )

    Company news According to a new packaging report from Canadean, the Australian packaging market is expected to grow at a volume compound annual growth rate (CAGR) of 2.21% up to 2017. Australia’s increasing older population, shrinking household sizes and cost-cutting drive the need for smaller, lightweight packs.
    The Australian packaging market is being influenced by the rapid growth in the country’s older population, resulting in demand for packs that are lightweight, easy-to-open and have clear labelling.
    In 2012, 14.4% of the populace were over the age of 65, this figure is expected to increase to 17% by 2020.
    Smaller household sizes and the increasing number of single-person households is creating further demand for smaller and single-serve packs as they provide greater convenience for on-the-go consumption, particularly for working professionals, students, and consumers who lead busy lives. With busier lifestyles, there is expected to be a greater demand for easy-to-prepare and ready-to-eat food products.
    Australian packaging manufacturers are using various strategies to meet the new demographic changes and cost-cutting needs such as new lightweight materials. For instance, Coca-Cola’s Mount Franklin packaged water has been made in a new PET bottle that is 35% lighter than its previous version, while the plastic packaging firm, Brickwood, has introduced the lightweight bottle called “Infini” for milk packaging, which is 22% lighter than any other rigid plastic packaging for milk. In addition, some product manufacturers in the Australian market have made efforts to reduce their environmental impact by launching product packaging which is environmentally friendly. For example, Cadbury redesigned the packaging for its Cadbury block chocolates, shifting from its earlier metallised paper wrapper that was not recyclable. The newly designed pack format is made from 100% recyclable paper, is re-closable, and also acts as a tray for sharing, adding convenience for consumers.
    This information is based on findings from Canadean’s packaging report: ‘Latest Trends and Key Issues in the Australian Retail Packaging Market’.
    (Canadean Ltd.)
    14.03.2014   TNPL Q3 Net up by 106%    ( Company news )

    Company news -During the quarter ended 31.12.2013, TNPL has produced 100969 Mts of paper against 93199 Mts in the Previous Year. The Sales also has increased from 97055 Mts to 102062 Mts. The total revenue during the quarter is `580.70 Crore against `459.26 Crore in the previous year.
    -Profit before Tax (PBT) for the quarter ended 31.12.2013 is `50.07 Crore against `21.74 Crore in the previous year. `46.77Crore has been provided for depreciation and `35.60 Crore for finance charges.
    -Profit after Tax (PAT) for the quarter ended 31.12.2013 is `36.89 Crore against `17.91 Crore in the previous year registering a growth of 106%.
    -Profit after tax (PAT) for the Nine Months ended 31.12.2013 is `113.06 Crore against `50.36 Crore in the previous year.
    -The company has commissioned the Revamping of Steam and Power project during January 2014 at a capital outlay of `167 Crore. After meeting the entire requirement of power, 7 MW surplus power is exported to TANGEDCO.
    -The Wet Ground Calcium Carbonate (WGCC) plant put up on BOO basis commenced production on 12.01.2014. The plant produces 100MT of Wet Calcium Carbonate (WCC) per day and the entire production is consumed by TNPL.
    (Tamil Nadu Newsprint and Papers Limited)
    14.03.2014   Valmet and Pesmel deepen cooperation in roll handling technology    ( Company news )

    Company news Valmet deepens its over 20 year's cooperation with Pesmel along its latest business reorganization. According to the signed cooperation agreement, Pesmel will act in the future as Valmet's exclusive contract supplier in roll handling, packing, and storing technology. Pesmel will take full responsibility of Valmet's roll handling and packing systems, R&D, manufacturing, and system deliveries. Valmet will continue roll handling and packing systems sales as part of its project sales under the Valmet brand; and Pesmel will start the sales of Valmet products as part of its project sales through its own sales channels under the Pesmel brand.
    Pesmel's organization and current product portfolio matches well with Valmet's roll handling business. Pesmel's strong engineering resources will set a good basis for the development of Valmet OptiWrap product family in the future. "Pesmel's first roll handling deliveries with Valmet technology are already going on," says Valmet's Paper Mills Business Unit President Kari Nettamo. Along with the responsibilities, key resources have been transferred to Pesmel's payroll.
    According to Pesmel's President and CEO Tony Leikas, both parties see the deepened cooperation as a unique chance to improve their market position. "Together these companies form the strongest player in roll handling business with a wide product portfolio. Contract supplying is expected to increase the paper segment business and to also create new prospects for the TransRoll® high rise storage concept."
    (Valmet Corporation)
    14.03.2014   Zellcheming-Expo: Exhibitors show confidence in the exhibition site Messe Frankfurt    ( Company news )

    Company news Many stands in hall 11 on the exhibition site in Frankfurt are already booked by exhibitors from all areas of the pulp and paper industry during Zellcheming-Expo from 24 - 26 June 2014. One glance in the exhibitor list shows well-known industry players and promises established quality and a fresh breeze at the same time.
    Renowned companies grant visitors a comprehensive insight and an overview concerning solutions in the chemical and engine building area, in the further processing of paper, energy efficiency and packaging.

    The exhibition focuses on the following topics:
    • Raw materials, additives, preparation
    • Clothing, apparatus
    • Machinery and fittings
    • Electronics, measurement and controlling
    • Paper production
    • Processing
    • Logistics

    Joint stand „Research and Science“
    For the first time, the joint stand „Research & Science“ offers universities and research institutes the possibility to present their current and future projects.
    Initiator of the joint stand is the association Zellcheming e.V. who presents its own activities on this platform and gives its members a hub for any requests. The idea is to build a bridge between research, science and the industry.

    Market place „Fibers in Process“
    A new element offers an integrated trend lounge in the existing concept of the market place „Fibers in Process“, organized by dfv Mediengruppe. In keeping with the character of a coffee house instead of a typical lecture platform the speeches have an interactive format with possibilities for questions and interchange.
    The trend lounge presents itself together with the focus areas „Technology & Services“, „Materials & Processing“ and „Research & Development“ in one area. The program is structured into matching blocks of topics. Its content is co-ordinated with the topics of the exhibition and the focus area. In addition to application reports the trend lounge also presents input of experts from neighboring industry areas like packaging and the further processing of paper. Discussions take place about topics like mineral planning, Life Cycle Management while planning machines and plants and new areas of applications for the raw material pulp.
    (Verein der Zellstoff- und Papier-Chemiker und -Ingenieure e.V. - Verein ZELLCHEMING)
    13.03.2014   UPM proceeds with Changshu investment to strengthen its leading global position    ( Company news )

    Company news UPM implements the construction of the third production unit on its Changshu mill in China with improved capital efficiency. With the investment, the company is strengthening its leading global position in labelling materials as a cost competitive high quality supplier. The Changshu investment was announced August 7th, 2012.
    The investment scope has been moderately revised by specifying more focused infrastructure investments as compared to the original scope. Instead of constructing a new power plant, UPM will upgrade existing boilers providing opportunity to consider more environmentally effective fuels or solutions for the mill’s energy supply in the future. The mill also aims at utilizing existing facilities more effectively instead of building new infrastructure. With the revised plan the investment cost is EUR 277 million instead of the original EUR 390 million.
    “We have set ourselves clear targets for focused growth initiatives over the next three years in biofuels, speciality papers in Asia, label materials and pulp production. With these initiatives we are targeting an additional EUR 200 million EBITDA when in full operation. The return on the Changshu investment is attractive and is expected to bring a significant contribution to our EBITDA growth target,” says Jussi Pesonen, UPM’s CEO and President.
    “The Changshu investment is targeted to serve growing end uses in Asia markets with wide range of release liner materials and speciality products. This investment is implemented in our existing platform in Changshu, and will give us competitive production cost base through local synergies. The business fundamentals for the investment continue to be positive as both release liner materials and uncoated woodfree office and speciality papers enjoy a healthy demand outlook in Asia,” says Kim Poulsen, Executive Vice President, UPM Paper Asia.
    The annual growth of labelling materials is expected to be globally ca. 4 %. More than half of the global growth takes place in Asia with annual growth over 8%. The most attractive growth markets are China, Southeast Asia and India.
    The new machine is capable of producing up to 360,000 tonnes of speciality papers and labelling materials. The machine will start up at the end of 2015.
    13.03.2014   Tembec sells its pulp mill in Chetwynd, British Columbia    ( Company news )

    Company news Tembec Inc. (“Tembec”) announced that it has closed the sale of its pulp mill and related assets (“Mill”) located in Chetwynd, British Columbia to Paper Excellence Canada Holdings Corporation (“Paper Excellence”) for a nominal amount.
    The Mill had been shut down since September 2012. Approximately 80 employees are included in the transaction. Tembec acquired the pulp mill in 2002 from Louisiana-Pacific Canada Pulp Co. and Louisiana-Pacific Ltd.
    (Tembec Inc.)
    13.03.2014   Schur Flexibles Group Acquires Moneta-S, Slovakian manufacturer of flexible packaging    ( Company news )

    Company news Picture: Jakob A. Mosser, CEO of Schur Flexibles

    The Austrian company Schur Flexibles Group has acquired 100% of the share capital of Moneta-S, a well-known Slovakian producer of innovative flexible packaging solutions.
    Schur Flexibles, headquarted in Baden, Austria, was established through a “buy and build” concept by the private equity company Capiton and Mr. Jakob A. Mosser, a flexible packaging industry expert and investor. Schur Flexibles employs currently a staff of about 1150 and operates 9 companies in Germany, Denmark, Finland, Netherlands, Poland and Greece. Including Moneta S, the group sells its products to more than 50 countries worldwide, generating yearly revenues of about EUR 265 million.
    Founded in 2002, Moneta-S has developed a state-of-the-art proprietary technology and wide range of innovative products, that are characterized by unique thinness of rotogravure printed films with excellent machine "runability" and superior aesthetics while being ecologically sustainable. Moneta's innovative technologies have been awarded with the Gold DuPont Most Innovative Packaging Award in 2011. Over 46 global and European food manufacturers chose Moneta-S as their preferred packaging supplier that provides them with highest quality, superior cost effectiveness and excellent customer service.
    “We are very pleased to strengthen our group with the portfolio of one of the most innovative and environmentally friendly flexible companies in Europe. Moneta-S' manufacturing and sophisticated R&D capability, as well as access to the Eastern European market are a perfect fit”, says Jakob A. Mosser, CEO of Schur Flexibles. “This acquisition will give us the opportunity to utilize Moneta’s breakthrough technology throughout our eleven production plants and allow us to offer significant technological advantage to our customer base. Moneta S will play an important role to strengthen our focus on high value added flexible packaging solutions and technology leadership.
    “This is an exciting new chapter for Moneta-S”, said Alena Spinerova, Moneta’s CFO. “The acquisition gives us a great opportunity to expand Moneta-S’ technology, innovation and manufacturing to more customers across the world. Schur’s diverse product range and superior customer relationships combined with Moneta-S’ innovative technology and renowned customer service, creates a powerful partnership in the packaging industry. We are also extremely grateful to our advisors from UBS, KPMG Slovakia and Allen & Overy, whose deep knowledge and professionalism guided us through every step of this journey.”
    The acquisition is effective immediately.
    (Schur Flexibles Holding GesmbH)
    13.03.2014   BASF launches new Joncryl® emulsions    ( Company news )

    Company news BASF has launched two new Joncryl ® products for water-based inks and overprint varnishes (OPV) used in the paper and corrugated board industry. Joncryl ® 8053 and Joncryl ® 633-E expand BASF’s portfolio with two water-based styrene acrylic emulsions. Due to their high efficiency, the two products allow inks and OPVs to be manufactured at lower cost but with the same high quality and performance.

    Joncryl 8053 is a low cost-in-use film-forming emulsion. As an effective film former, Joncryl 8053 ensures that less soft emulsion is needed in the final ink or OPV formulation to achieve the required properties. It also enables the printing companies to add extra water in their ink or OPV formula without losing application properties. The product provides high viscosity in the end formulation and can be diluted down to average viscosity without losing application properties. Moreover it features good gloss and transparency in ink and OPV formulations.

    Joncryl 633-E is an opaque acrylic emulsion that can replace up to 75% titanium dioxide in white inks for corrugated board and natural kraft substrates. As the mileage of the ink improves thereby, significant cost savings can be achieved. In colored inks for paper, board and corrugated board, Joncryl 633-E offers good hiding of the brown substrate which results in bright colors. The inks produced with Joncryl 633-E are fast- drying and show very good resolubility. Moreover they provide good water and rub resistance.
    (BASF SE)
    13.03.2014   Reminder - 2 WEEKS AT MIAC TISSUE BUSINESS POINT!    ( Company news )

    Company news 26.27 March 2014 | time 9.30 a.m. - 5.30 p.m. | Lucca (Italy)

    The entrance at MIAC TISSUE BUSINESS POINT is free of charge. It is possible to download the free Invitation Ticket in PDF format directly from the Exhibition Website

    We are looking forward to welcoming you in Lucca!
    (Edinova Srl)
    12.03.2014   PMT Italia to upgrade PM #5 at Hiang Seng Fibre Container Co., Ltd (Thailand)    ( Company news )

    Company news Hiang Seng Fibre Container Co., Ltd have selected PMT Italia as the supplier of the key sections for their Paper Machine no. 5, which will be installed at the mill located in Samut Sakorn, Thailand.
    The machine, with a 6.2 m wide wire and a design speed of 900 m/min, will produce premium quality Liner and Fluting, mainly using local OCC.
    The project is expected to improve Hiang Seng’s production capacity as well as to consolidate their position on the market as a premium quality paperboard supplier.
    PMT confirms, with this opportunity, its position as a key machinery supplier of the Thai paper industry.
    The project includes a new forming section along with two new headboxes
    ÆGO™STREAM S, one of which equipped with smarpro L dilution system.
    A top forming unit ÆGO™FORM T and new drainage tables will be installed. The press section will be equipped with an ÆGO™FLX SHOE press while the dry end of the machine will see a new ÆGO™SIZER P and paper run optimisation along the Dryer Section with new smarstabi boxes and smarstabi rolls. A new ÆGO™WINDER 6000 will complete the scope.
    Other parts of the machine will also be upgraded in close cooperation between Hiang Seng’s and PMT’s engineers.
    (PMT Italia S.p.A.)
    12.03.2014   The first spool with lignin multifilaments    ( Company news )

    Company news Innventia has successfully produced its first spool of lignin multifilaments for further converting to carbon fibres. The filaments are based on 100% softwood kraft lignin and were produced without additives. Innventia is now investing in new equipment for multifilament spinning and thus enhances the establishment of a Swedish test bed for lignin-based carbon fibre.
    One year ago, Innventia's Hannah Schweinebarth awarded the Skills Prize by the Gunnar Sundblad Research Foundation. The prize of SEK 500,000, together with funding from Innventia and Valmet, enabled Hannah to spend six months at the Oak Ridge National Laboratory (ORNL) and the University of Tennessee in USA, in order to develop new knowledge and competence on the production of carbon fibre from kraft lignin, a by-product from the pulp mill. Innventia has, thanks to the collaboration, gained access to equipment in larger scale, deeper connections, prominent research environment and opportunities to try new ideas. All this has brought results. In November, 2013, the first spool with lignin multifilaments from 100 percent softwood was produced with an average diameter of just over 10 micrometre.
    "This is truly a milestone in the development. The fact that we can spin multifilament opens for better research and development, and for possibilities to develop demonstrators prior to industrial implementation," says Per Tomani, Team Leader Lignin & Carbon Fibres at Innventia.
    Innventia is now investing in a new extruder for multifilament spinning of lignin. The new equipment will be installed in the beginning of summer 2014 in connection to the carbon fibre laboratory, which was inaugurated in October 2013. The laboratory has already been equipped with new equipment for monofilament spinning and a stabilisation unit. The new extruder will be accompanied with a specially designed oven for carbonisation, with funding from Vinnova. Thanks to these new investments, the possibilities for industrial implementation will be strengthened.
    Innventia is also coordinating a project that has recently been granted funding to establish a test bed for the development of carbon fibre from lignin and to produce criteria for construction of a pilot facility. Innventia has been working with lignin-based carbon fibre since 2005. The LignoBoost process, which was developed in cooperation with Chalmers, made high-quality lignin available, and Innventia is currently coordinating a number of research and development projects in the lignin field. LignoBoost is now owned by Valmet, a supplier of technology and services to the process industries. The first industrial plant at Domtar's pulp mill in Plymouth, USA, started operations in 2013, and an investment decision has also been made regarding an installation at Stora Enso's pulp mill in Sunila, Finland.
    "Carbon fibre from lignin is an expanding area for us. We are very pleased to now be able to move forward in our long-term investment to establish lignin as a raw material for industrial production of carbon fibres and carbon fibres composites in Sweden," says Peter Axegård, Director of the Biorefining business area.
    (Innventia AB)
    12.03.2014   Kingdecor continues to rely on Voith for key components    ( Company news )

    Company news Decor base paper maker Kingdecor from Quzhou, China, has contracted Voith to supply the key components for its new PM 3. After its previous excellent operating experience, Kingdecor has now called on Voith for the fourth time. Voith has already delivered key equipment for the PM 13, PM 1 and PM 2.
    Kingdecor and Voith are in close business relationship since 2004 when Kingdecor was established. The technical manager of Kingdecor, Mr. Luo emphasized that Voith’s reliability and quality will also ensure the success of the current project. Kingdecor expects a long-term partnership with Voith.
    The components from Voith support the paper maker in achieving the highest quality and efficiency. Among other things, the delivery includes the Advanced Wet End Process concept. It will be planned based on the requirements of the paper machine. Standardized components will be used and adapted to the local conditions during the planning phase. For Kingdecor, it will be attuned to the needs of specialty papers with very high filler content.
    Also included in the delivery is the globally successful MasterJet headbox and the reaction force-free shaking unit DuoShake for improved fiber orientation thanks to high frequency shaking of the breast roll. The EcoSoft Delta soft nip calender for the best smoothness properties completes the delivery. It is distinguished by an easy roll change, very high reliability, and compact construction.
    (Voith Paper GmbH & Co KG)
    12.03.2014   Valmet signs a letter of intent with Klabin S.A. for a large pulp dryer delivery in Brazil    ( Company news )

    Company news Valmet and Klabin S.A. have signed a letter of intent according to which Valmet will deliver two pulp drying lines to Klabin's new plant in Ortigueira in Paraná, Brazil. The start-up of the new plant is scheduled to be in the first half of 2016.
    The pulp dryer investment is part of Klabin's Puma project, the largest investment in the company's history, which will double the company's production in three years. The annual production capacity of the new plant will be 1.5 million tons and consists of both softwood fluff pulp and eucalyptus hardwood market pulp.
    The value of the Valmet's anticipated delivery will not be disclosed. However, a project of this size and scope is typically valued at EUR 150-200 million.

    Significant employment impact
    "This pulp dryer delivery to Klabin is already the second big pulp technology project agreement for Valmet this year. Valmet is a leading supplier of key pulp mill technology and the two new projects, Klabin in Brazil and the earlier announced OKI Pulp and Paper Mills in Indonesia, are a clear and positive token of our customers' trust on us globally", says Jyrki Holmala, Pulp and Energy Business Line President from Valmet.
    Both of these Valmet's new pulp technology deliveries will have a significant employment impact to Valmet and its subcontractors. The employment impact of Valmet's project delivery to Klabin is expected to be in total around 500 man years mainly in Finland, Sweden and Brazil. Respectively the employment impact of Valmet's project delivery to the OKI pulp mill project, announced 7 February 2014, will be around 1000 man years mainly in Finland, Sweden and China.

    Details about the pulp dryer delivery to Klabin
    The hardwood pulp drying line will have a capacity of 3,500 tons/d consisting of approach system with screening, wet end, dryer, cutter and three baling lines. The softwood fluff pulp drying line will have a capacity of 1,300 tons/d consisting of approach system, screening, wet end, dryer, calender, reeler, winders and roll handling system. There will be a cutter and baling line included as well as the softwood line will have the ability to produce market pulp. The order includes the machinery, civil works, erection, commissioning, training and start-up.
    (Valmet Corporation)

    Company news ... INAUGURAL CEREMONY

    Picture: Avery Dennison recognizes suppliers from across the globe in inaugural ceremony (Photo: Avery Dennison, PR224)

    Eight pressure-sensitive industry suppliers were recognized by Avery Dennison Materials Group (NYSE:AVY) during the company's inaugural supplier recognition ceremony held in Cleveland, Ohio, USA. Winners were selected based on their performance in areas such as sustainability, innovation, service, overall value and quality.

    “Our suppliers are a vital part of our value chain and these awards are our way of recognizing their work,” said John Klein, global vice president, procurement. “It’s important we have a strong working relationship so that together we continue delivering cutting-edge innovations and superior value to the pressure-sensitive industry.”

    Sweden-based pulp and paper supplier Munksjö was recognized as Supplier of the Year for their exceptional effort across all categories of performance. “This is an acknowledgement that their organization delivered to a very high standard in product and service quality as well as in innovation,” Klein said. “Their strategic perspective on Avery Dennison’s business and their willingness to explore new avenues to deliver competitive advantage is a model for others to follow.”

    The awards ceremony was preceded by a one-day symposium where nearly 200 professionals from approximately 110 companies came together to discuss the pressure-sensitive industry and learn about Avery Dennison innovation and business strategy from the company’s leadership. Attending companies represented films, paper and chemical materials suppliers for the label, graphics and tapes businesses and those who provide indirect and freight services.

    “The day’s events gave our suppliers a look at our view on close collaboration, how we use our guiding leadership principles in the marketplace and the vital importance of sustainability to our business and to the industry,” said Don Nolan, president, Avery Dennison Materials Group. “We appreciate the time and effort that our strategic suppliers dedicate to understanding the needs of our customers and the industry.”
    (Avery Dennison Label and Packaging Materials Europe)
    11.03.2014   FIERY® XF FOR INTEC RIP    ( Company news )

    Company news Picture: The Fiery® XF for Intec ensures you maximise your Intec print investment by producing stunning, precise and predictable quality prints every time. And now the Fiery® XF for Intec RIP ships with our fantastic new custom made RIP station.

    Intec are proud to announce the launch of our new Fiery® XF for Intec RIP station.
    Using Fiery® XF for Intec ensures you maximise your Intec print investment by producing stunning, precise and predictable Quality prints every time.
    Delivering razor sharp print quality and unparalleled Color control the RIP provides advanced spot and process color optimization and offers industry leading Features including imposition, variable data and late color editing.
    Each Fiery® XF for intec package will now ship with a fantastic custom made RIP station.
    Engineered to the highest standards this rugged steel RIP Station has been designed to maximize the efficiency of your print workflow.
    Featuring adjustable Monitor mounts, keyboard and mouse platform and PC housing, the Intec RIP station provides a stable, self contained workstation whilst minimizing untidy cabling.
    For more Information contact us on: +44 (0) 1202 845 960 or email us:
    (Intec Printing Solutions Limited)
    11.03.2014   Global Wood Chip Price Indices Launched by FOEX and WRI     ( Company news )

    On February 18th, 2014, FOEX in cooperation with Wood Resources International (WRI) launched two wood chip price indices, the Softwood Chip Global (SCG) and Hardwood Chip Global (HCG), both part of the PIX index family of FOEX. The Indices represent prices for wood chips traded globally overseas for the manufacturing of wood pulp and wood-based panels. The latest reported Indices were US$168.63/odmt (+5.18% from the prev. month) for SCG and US$183.13/odmt (-2.15% from the prev. month) for HCG. The Indices will be reported monthly the third Tuesday of the month on the FOEX web site. If you have any questions regarding the new chip price indices, please contact either Tuomo Neuvonen at FOEX ( or Hakan Ekstrom at WRI (
    If you are interested in participating as data provider to the Indices, subscribing to the index histories (data available from January 2010), or are considering using the Indices commercially, please contact

    About FOEX
    FOEX Indexes Ltd is a private, independent company, which specializes providing audited, trade-mark registered pulp, paper, recovered paper, biomass and wood chip Price indices. Financial institutions use the FOEX Indices as a benchmark in setting prices for SWAP-deals and other financial instruments hedging against product price risks.
    (WRI Wood Resources International LLC, Wood Resource Quarterly (WRQ))
    11.03.2014   New demands and products are changing     ( Company news )

    Company news The market for magazine paper is changing at its very core. Glossy, coated paper grades are losing ground. Magazine publishers and retail giants are instead choosing more cost-efficient options for magazines, direct mail and catalogues.

    Picture: Karolina Svensson, business intelligence manager at Holmen Paper

    The statistics paint a very clear picture. The winners are uncoated, wood-containing printing papers that are gaining appreciation among consumers and advertisers due to their great ‘paper feel’ and a surface structure that offers excellent readability.
    “The trend of traditional magazine grades such as LWC and SC paper losing ground to new, more cost-effective alternatives has never been as obvious as it is now,” says Karolina Svensson, business intelligence manager at Holmen Paper. “In 2013 deliveries of coated magazine paper in Europe fell by 7 per cent and SC paper fell by 4 per cent. At the same time, deliveries of uncoated magazine paper increased by 7 per cent.”
    It’s not difficult for Karolina Svensson to identify the underlying causes of the break in the trend. “The producers of printed material are under pressure due to poor profitability. The new paper grades give more print surface for your money. When based on virgin fibre, the paper acquires a bulk that allows you to select lower grammages with the same feel. Money is then also saved on distribution, amounting to as much as 20 per cent greater cost efficiency.”

    Paving the way
    The product that has paved the way for this development more than others was launched more than ten years ago but continues to be developed today.
    “When it was launched Holmen XLNT was a groundbreaking product – something completely new. An uncoated paper that with its surface properties and high bulk was able to present a challenge to LWC and SC paper. Holmen XLNT shook up the market and actually created a brand-new market segment,” says Dan Buskhe, one of the prominent figures in the history of Holmen XLNT.
    His role continues to be that of strategic product developer at Holmen Paper. He is pleased that the product that laid the foundations for the company’s now successful speciality paper strategy is continuing to develop and challenge competitors.

    Further development
    “Holmen XLNT is now a large family of products, and we’re constantly working on refining them,” says Dan Buskhe. “I’m really excited to see how the market will react to what we have in the pipeline for Holmen XLNT in the future.”
    Over the years Holmen XLNT has had several imitators, which is positive as competition stimulates product development, according to Karolina Svensson.
    “In our major market survey in 2013, it was obvious that despite demands for savings, paper purchasers still rank a paper’s feel and properties as crucial for their printed material. The ability of the paper to signal and contribute to presenting the right image for products and brands is still decisive. And now there are new paper options on the market that can achieve this while ensuring cost efficiency. This explains the break in the trend.”

    Sture Udd, owner of the UPC Group in Finland, is one player who has recognised the potential in the products now challenging traditional paper choices. “The strongest argument for Holmen XLNT is the scope to make customers’ DM projects more effective as a whole,” says Sture Udd. “The lower paper cost opens up the potential to produce more pages and make more frequent mailings – creating more contact with consumers.”
    “Being at the forefront of the development of these kinds of speciality paper products is part of Holmen Paper’s long-term strategy. Speciality paper, including book paper, is now responsible for more than half of Holmen Paper’s total sales, and we’ll be continuing on this path of constant improvements,” says Dan Buskhe.
    (Holmen Paper AB)
    11.03.2014   The 6th International Exhibition for Paper, Board, Tissue, Printing & Packaging Industry    ( Company news )

    Company news 22-24 October, 2014
    Cairo International Convention Centre
    Cairo – Egypt

    With pulp, paper and board demand contracting in many of the mature economies of the West, suppliers are increasingly looking to emerging markets for pockets of growth. One such market is the Middle East, where strong economic growth and rising living standards have driven a surge in paper and board demand during the past 10 years.
    Paper and board consumption in the region is estimated at 13 million t in 2011 compared with just 8.5 million t in 2002. Consumption growth has averaged almost 5% pa during this period, equal to 0.5 million t/year.
    Although consumption growth has been booming, production growth has been relatively anemic, expanding by just one million ton during the same period. As such, the region’s burgeoning demand growth has been satisfied mostly through imports, which totaled 7 million t in 2011.
    Aside from tissue paper, which is mostly supplied domestically, every grade of paper and board has experienced strong import growth, especially uncoated wood-free papers.
    Citing the same promising future aspects, the foreign investors in paper sector are looking to strengthen their business in the MENA as well as domestic investors who seek to uplift their production capacity to meet the local needs. Generally, the paper industry is investing heavily in its future.
    PAPER-ME 2014 is the most integrated edition than ever
    PAPER-ME is successfully developed through years. In its 6th edition, PAPER-ME 2014 reaches 7500 sqm gross area covering three halls of Cairo International Convention Centre (CICC).
    Spreading on halls (1, 2, 3), PAPER-ME 2014 is holding three specialized events in parallel as following:
    Paper Middle East, The 6th International Exhibition for Paper, Board, Tissue, Printing & Packaging Industry.
    Tissue Middle East The Leading International Exhibition for Tissue Paper, Hygienic Products and Converting Industries.
    PACK 2 PACK The Leading International Exhibition for Packing & Packaging Solutions.
    The joint staging of 3 leading trade shows ensures perfect synergy between different industry sectors and provides unparalleled value for all companies involved and for all industry players through the exhaustiveness and exceptional business potentials of the event.
    Experience our success yourself and be part of PAPER-ME 2013 to Increase your profits, Develop business network, Meet paper industry key players, Capture market share and Gain media exposure.
    (Nile Trade Fairs)
    11.03.2014   PAP-FOR Forum 2014: Program Highlights    ( Company news )

    Company news International Business Forum PAP-FOR RUSSIA 2014 will be held during the first two days of PAP-FOR 2014 Exhibition, October 28 - 29, 2014.Forum will be held at new venue "Expoforum", St. Petersburg, Shushari.

    28 October, 2014
    •Session №1: Round Table "Investment attractiveness of the domestic pulp and paper industry"
    •Session №2: "New Russian forest policy and forest resources condition"
    •Session №3: "Bio-technology"
    29 October, 2014
    •Session №1: "New projects in the packaging sector"
    •Session №2: "New successful projects in tissue sector"
    •Session №3: "Printed paper and printing"
    •Session №4: "HR issues in Pulp and Paper industry"

    PAP-FOR Russia 2014
    Don't miss your chance to book a booth!
    •Market leaders have already decided to take part in the show: Arkhangelsk PPM, 9 Septembar, Ashland, Sulzer, SKIF, SFT Group, NSK, Kemira, Andritz.
    •A special Program for Newcomers is created for those who participate in PAP-FOR Russia for the first time! Contact exhibition managers.

    Exhibit at the largest PPI event in Eastern Europe!
    PAP-FOR Russia 2014 will be held at a new venue: this year services to exhibitors and visitors will be provided by a modern exhibiting center EXPOFORUM, which is placed at the area 56,2 ha and situated in St. Petersburg, Shushary (10 minutes to Pulkovo airport and 30 minutes to the centre of the city).
    (Reed Exhibitions)

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    Buyers' Guide of Producers' and Converters' Products:
    Base papers and boards
    Board for packaging use
    Board, misc.
    Boxes, packages, etc.
    Corrugated boards
    Household and sanitary paper goods
    Household and sanitary papers for converting
    Office and exercise goods, general stationery
    Other converted paper and board products
    Paper and board for technical use
    Paper rolls all kinds
    Papers all kinds
    Papers and boards; coated, laminated, impregnated
    Papers for packaging use
    Printing, fine and writing board
    Printing, fine and writing papers
    Pulps and mechanical groundwood pulps
    Sacks, bags, carrier bags

    Buyers' Guide of Merchants:
    Base papers and boards
    Board for packaging use
    Board, misc.
    Boxes, packages, etc.
    Corrugated boards
    Household and sanitary paper goods
    Household and sanitary papers for converting
    Office and exercise goods, general stationery
    Other converted paper and board products
    Paper and board for technical use
    Paper rolls all kinds
    Papers all kinds
    Papers and boards; coated, laminated, impregnated
    Papers for packaging use
    Printing, fine and writing board
    Printing, fine and writing papers
    Pulps and mechanical groundwood pulps
    Sacks, bags, carrier bags

    Buyers' Guide of Suppliers' Products:
    Assembly and handling equipment
    Associations and institutions
    Chemicals and raw materials
    Cleaning plants, filtres and filtrations systems
    Drives, gears and motors
    Energy production, energy management
    Machine knives and accessories
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    Machines and plants, misc. and printing machines
    Paper and board converting machines
    Paper and board machines and plants
    Paper machine felts and wires, woven wires, screens
    Planning, development and organisation, trade services
    Plants for preparation, dissolving, combusting, recovery
    Pumps all kinds
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    Test, measuring and control equipments
    Trade journals, magazines
    Ventilation systems; Drying plants
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