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    08.04.2015   Reliable, flexible and precise - GEMÜ pressure control valves    ( Company news )

    Company news GEMÜ pressure control valves are manufactured from plastic, require little maintenance and allow flexibility of use, while providing optimal pressures in the most varied of process plants.

    Pressure control valves control the upper pressure limits, lower the pressure or balance out pressure fluctuations. Three versions are available depending on the operation required. The valves can be obtained in the nominal sizes of DN 10 to DN 100.
    The desired pressures can be conveniently adjusted according to requirements using a set screw. Excellent flow rate values are guaranteed by the flow-efficient design of the valve bodies, which have minimal deadleg. The pressure control valves can be installed regardless of position and no auxiliary power is required for operating the equipment. Hermetic separation of the actuator from the medium ensures long service life and operational safety.
    All media wetted parts are manufactured from high-grade plastic and can withstand even corrosive media. Depending on the area of application, the customer can choose from a range of different materials for the body and seal material. A range of different connection types is also available.

    Visit us at the Achema: Hall 8, booth F4
    (GEMÜ Gebr. Müller Apparatebau GmbH & Co. KG)
     
    07.04.2015   Selection of EU Ecolabel certified boards grows    ( Company news )

    Company news Stora Enso Consumer Board is expanding its selection of EU Ecolabel certified boards for graphical end uses. Now also Ensocoat 2S, Aurocard and Performa Alto have been certified, in addition to Ensocoat, Chromocard, Performa White, Performa Bright and Performa Cream.

    The EU Ecolabel Certificate confirms that the boards fulfil the European Commission’s ecological criteria for copying and graphic paper. It is thus used in graphical end use areas, not in packaging business. The EU Ecolabel requires the use of certified fibre in board production, limitations of harmful substances and emissions, restrictions on energy use, and implementation of waste management systems.

    “A growing number of our graphical board customers want the board with the EU Ecolabel, so we are expanding the board selection to serve our customers’ various demands and preferences. We were the world’s first company to offer board products with the EU Ecolabel and now we are coming up with even stronger portfolio of products for our customers to choose from. This will have a positive impact on the competitive edge of our brands in the tough graphical market,” says Eva Lundqvist, Graphical Boards Segment Development Manager at Stora Enso.
    (Stora Enso Oyj)
     
    07.04.2015   International Paper to Expand Fluff Pulp Capacity    ( Company news )

    Company news International Paper (NYSE: IP) announced plans to invest $135 million to expand fluff pulp production at its Riegelwood N.C. Mill. The investment will convert the mill to 100 percent fluff and softwood pulp production, adding an incremental 400,000 tons of capacity, with ongoing flexibility to shift between the two products. When the conversion is complete, the company will have the capability to produce up to 1.4 million tons annually of high-quality fluff. The new fluff pulp capacity is expected to ramp up mid-year 2016.

    "The investment at Riegelwood proactively repositions assets to serve our customers in the growing global fluff pulp market and best positions International Paper to increase shareholder value," said Mark Sutton, chairman and CEO, International Paper.

    Fluff pulp, which is projected to grow globally at an annual rate of 3 to 4 percent, is used in a variety of applications including baby diapers, feminine hygiene and adult incontinence products. "This new capacity will support the growth of IP customers across the globe," said Mike Amick, senior vice president, North American Papers & Pulp and Consumer Packaging. "Riegelwood is ideally located with access to fiber and proximity to shipping ports critical for supplying a global customer base." With the current expertise at Riegelwood, combined with world-class pulp operations in Franklin, Va., Georgetown, S.C. and Pensacola, Fl., International Paper is set to build on its proven track record of success in the fluff pulp market.

    As a result of the Riegelwood Mill conversion to 100 percent fluff and softwood pulp, the company will reduce its coated paperboard capacity by 350,000 tons, sell the Carolina® brand to MeadWestvaco (MWV), and focus the business on supplying customer demand in the food service and packaging markets. The sale of the Carolina business, which represents the majority of the coated paperboard volume reduction, is expected to close April 30, 2015. Terms of the sale were not disclosed. Carolina is a premier coated bristols brand used in a variety of applications including greeting cards, book covers and marketing collateral. The sale captures the brand's value, supports International Paper's plans to expand fluff pulp production at Riegelwood and streamlines and strengthens its coated paperboard business.

    "International Paper's printing papers and coated paperboard businesses remain strategic to the company and these moves capture value while allowing for strategic repositioning and growth," Amick said.
    (International Paper)
     
    07.04.2015   Mayr-Melnhof Group: Annual Results 2014    ( Company news )

    Company news -MM Group continues long-time success course
    -Group results reach new peak-level
    -Dividend increase to EUR 2.60 per share

    The Mayr-Melnhof Group was able to successfully stand up its grounds in the financial year 2014 within a flat overall economic environment, concluding the year with growth in both sales and profit. Both divisions, MM Karton and MM Packaging, had a substantial contribution to this. Despite a lack of impulses from private consumption, the Group succeeded in maintaining capacity utilization at a high level and safeguarding average prices to a large extent in a competitive market. In addition, productivity increases in both divisions together with lower specific costs at MM Karton and significant volume growth at MM Packaging led to an improvement in profit compared to the previous year. The major investment in FOODBOARDTM at the Austrian Frohnleiten cartonboard mill created the industrial basis for a new type of cartonboard that provides optimum protection for food packaged in cartonboard. Expansions at MM Packaging related in particular to locations in Poland, Romania, Turkey, and Vietnam.
    As a result of the positive profit development, a recommendation will be made to the 21st Annual General Meeting on April 29, 2015, to distribute a dividend of EUR 2.60 per share after EUR 2.40 plus an anniversary bonus of EUR 2.40 per share in the previous year.

    The Group's consolidated sales exceeded the two-billion euro mark for the first time and, at EUR 2,087.4 million, were 4.4 % or EUR 88.0 million above the previous year's value (2013: EUR 1,999.4 million). This rise mainly results from an increase in volume in the packaging division and sales from the Norwegian wood pulp mill acquired in the previous year in the cartonboard division.

    At EUR 180.2 million, operating profit was 8.9 % or EUR 14.8 million above the previous year's value (2013: EUR 165.4 million). A clear profit increase in the cartonboard division was accompanied by solid profit growth in the packaging division. Thus, the operating margin of the Group reached 8.6 % (2013: 8.3 %). The return on capital employed amounted to 15.5 % (2013: 15.4 %).

    Financial income of EUR 1.5 million (2013: EUR 1.6 million) was offset by financial expenses of EUR -5.2 million (2013: EUR -4.0 million).

    Profit before tax thus increased by 9.3 % to EUR 171.0 million after EUR 156.4 million in the previous year. Income taxes totaled EUR 39.4 million (2013: EUR 33.5 million), resulting in an effective Group tax rate of 23.0 % (2013: 21.4 %).
    Profit for the year thus rose by 7.1 % to EUR 131.6 million (2013: EUR 122.9 million), with the net profit margin increasing slightly from 6.1 % to 6.3 %.

    CONSOLIDATED BALANCE SHEET
    As of December 31, 2014, the Group's total assets amounted to EUR 1,787.0 million and were thus EUR 84.5 million above the figure at the end of the previous year. At EUR 1,102.2 million, the Group's total equity remained largely unchanged as the net profit for the year was offset by the dividend payment for the financial year 2013, including the anniversary bonus. Total equity to total assets was therefore 61.7 % (December 31, 2013: 65.3 %), the return on equity was 11.9 % (December 31, 2013: 11.3 %).
    Financial liabilities are principally of a long-term character and increased due to raising of long-term loans from insurance companies in the amount of EUR 110.0 million to EUR 265.9 million (December 31, 2013: EUR 169.6 million). Provisions for non-current liabili-ties and charges relating to accruals for employee benefits rose primarily as a result of the low interest level from EUR 99.1 million to EUR 121.2 million.
    Total funds available to the Group went up to EUR 324.2 million, mainly due to the raising of loans (December 31, 2013: EUR 303.5 million). In contrast, net liquidity fell to EUR 58.3 million, especially as a result of dividend payments and investments
    (December 31, 2013: EUR 133.9 million).

    OUTLOOK 2015
    The year 2015 began with continuing solid incoming orders in both divisions, thus sufficient capacity utilization can be expected in the foreseeable future. Nevertheless, customer plan-ning remains restrained without any noticeable impulses for the demand development. How-ever, we still aim to grow further in 2015 through new business as well as through market share gains.
    The focus of our investment programs and ongoing operational measures with regard to effi-ciency and productivity remains on the reduction of our direct costs over the long term. This is intended to further strengthen the Group's competitiveness in a hard-fought environment and to maintain the profit dynamics at a high level.
    As current developments on the procurement markets, in particular for recovered paper and energy, indicate no major changes from today's perspective, we will continue to concentrate on optimum price stability.
    As a result of the still lasting short-term nature of the business, it is currently not possible to provide any estimate for the result of the current year. The record results achieved in 2014 represent in any case a challenge for 2015.

    Besides maintaining organic business growth, a major focus remains on the long-term expansion course through acquisitions within and outside of Europe, with vigor, but also with due caution.
    (Mayr-Melnhof Karton Gesellschaft m.b.H.)
     
    07.04.2015   Valmet Tissue Technology Award granted to modification of hard wood pulp for tissue production     ( Company news )

    Company news The winner of Valmet Tissue Technology Award was announced at the Tissue World Conference, Barcelona, Spain, on March 17, 2015. The award and the USD 25,000 prize amount was granted to Abdus Salam, Graduate Student from North Carolina State University, USA.

    The purpose of the Valmet Tissue Technology Award is to promote university students' or scientists' work to develop environmentally sound products applicable to the tissue making processes. The award is granted every second year and the winner is selected by a panel of jurors representing universities, scientific organizations and Valmet.

    The focus area for the award this year was environmental efficiency. Mr. Salam is awarded for his work on modified hardwood pulp for tissue production. The objective of Mr. Salam's work has been to develop a method to provide unique tissue characteristics using only natural materials. By modifying hardwood pulp, it can be cross-linked with a biodegradable product to greatly improve absorbency properties. The modified fibers are elastic, very soft, highly porous and durable, and also have microbial properties.

    "We are constantly searching for new innovations to make the tissue process more sustainable and environmentally efficient. Mr. Salam's innovation is well in line with our strategy and shows how biomaterials can be utilized to add new and improved properties to tissue products. This is an excellent example of how scientists and the academic world can contribute to the important work of developing sustainable solutions for the future of tissue-making," says Anders Björn, Vice President, Tissue Mills business unit, Valmet.

    "I greatly appreciate the award committee's selection of my research for Valmet Tissue Technology Award of 2015. This is my first international award which has truly inspired me to develop new products and ideas for tissue and paper towel applications. I believe the research developments related to modifying hardwood pulp can significantly contribute to the personal health care sector as well as the global economy," says Abdus Salam, the winner of the Valmet Tissue Technology Award.
    (Valmet Corporation)
     
    07.04.2015   Smurfit Kappa helps customers to differentiate with investment in new digital technology     ( Company news )

    Company news Smurfit Kappa has installed a Jetmaster-inkjet single-pass digital printer in its Alcalá plant in Madrid, Spain, generating more value for customers by helping them to differentiate and increase sales.

    This investment is another example of Smurfit Kappa’s commitment to creating value for its customers by building brand awareness through packaging and improving the shopping experience for consumers.

    This flexible printer will give any customer, regardless of size, access to digital print, adding value to marketing campaigns and at the same time reducing time to market for brands.

    In addition, this technology allows immediate changes in print, reducing the risk of obsolete stock. It also can print on any type of substrate and the company offers a team of Smurfit Kappa experts to support customers in converting images for digital printing.Jesus Rivas, Innovation & Design Manager, Smurfit Kappa Spain & Portugal, said, "We can now reduce the time to market of new product launches and customise orders to influence shoppers at the point of purchase. We are able to produce the exact amount that is required with the best quality in post-print in the industry, always supported by the experience, knowledge and skills of Smurfit Kappa.”

    Enrique Guillen, Sales & Marketing Director, Smurfit Kappa Spain & Portugal, explained, "At Smurfit Kappa we strive to understand our customers' business needs, their problems and their industry, this is the only way we are able to offer the most efficient solutions. The most important driver, where we can influence and create opportunities, is in improving sales and this digital printer certainly marks a new era in this field".

    CEO of Smurfit Kappa Spain & Portugal, Ignacio Sevillano added, "This digital printer acquisition is in line with our new Open the future brand strategy, which is aimed to help our clients grow and improve in their key business areas by providing differentiation and added value. Smurfit Kappa can satisfy the most demanding printing requirements of its customers in addition to providing all the necessary flexibility for brand promotion."
    (Smurfit Kappa España y Portugal S.A.)
     
    07.04.2015   Domtar welcomes innovation investment by Schlumberger in CelluForce    ( Company news )

    Company news Researching Enhanced Oil and Gas Recovery Using Wood-Derived Nanocrystalline Cellulose


    Domtar Corporation
    (NYSE: UFS) (TSX: UFS) announced an investment by Schlumberger in CelluForce, that manufactures wood-derived nanocrystalline cellulose (NCCTM). The investment is a collaboration to explore the use of NCC to enhance the productivity of oil and gas wells. Schlumberger is the world's leading supplier of technology, integrated project management and information solutions to the oil and gas industry.

    NCC is manufactured using a patented process in the world's first facility of its kind, located at Domtar's pulp mill in Windsor, Quebec. NCC (also referred to as Cellulose Nanocrystals, or CNC) is the primary component that provides structural strength to trees. NCC is a renewable, biodegradable, nontoxic material.

    Details of Schlumberger's investment in CelluForce remain confidential.

    This investment follows a CDN$4 million grant announced by CelluForce in February 2015 from the government of Canada's sustainable development technology program (Sustainable Development Technology Canada, or SDTC) for similar research and development work.

    "Innovation is one of our core values at Domtar, so we are pleased to have the opportunity to collaborate with Schlumberger, a recognized technology innovator in hydrocarbon recovery and production," said Patrick Loulou (photo), Domtar's Senior Vice President for Corporate Development and a member of CelluForce's board of directors.

    "The Schlumberger investment, coupled with the recent grant from SDTC, creates positive momentum in realizing the benefits of using NCC to improve the efficiency of oil and gas production," said Richard Berry, Chief Technology Officer at CelluForce.
    (Domtar Inc.)
     
    06.04.2015   Sappi Europe to adjust prices upwards for Speciality papers    ( Company news )

    Company news The significant increase of raw material costs, particularly pulp, makes it necessary for Sappi Europe to adjust prices upwards for Speciality papers from April 15th. The price rise will apply to all European and Overseas markets.

    The increase will be in the range of 5 - 7% and will be applied to all coated and uncoated Flexpack papers, Siliconising base papers and Label papers.

    Implementation will be discussed with customers in all countries individually over the coming weeks.
    (Sappi Europe S.A.)
     
    06.04.2015   Cooperation between Stora Enso and Savcor expanded into Poland    ( Company news )

    Company news Savcor and Stora Enso, one of the world’s largest manufacturers of board and paper, have cooperated for several years. Now the cooperation expands into Poland where Savcor’s process diagnostics tool Wedge is taken into use at Stora Enso’s mill in Ostroleka. At its Ostroleka mill Stora Enso produces industrial papers and corrugated board and boxes. Wedge is used also in several Stora Enso’s plants and R&D centers.

    Stora Enso has several mills and almost every mill has a unique structure. Additionally, plants’ product range varies, thus systems and applications facilitating production at board and paper mill should be adaptable. Wedge is a perfect tool for this purpose. It can be customized to meet mill-specific needs and is well applicable for customers like Stora Enso.
    (Savcor Forest Oy)
     
    06.04.2015   After 2016, drupa will switch to a three-year cycle running in May of 2019, 2022 and 2025    ( Company news )

    Company news drupa, the world's leading trade fair for print and cross-media solutions, will switch to a three-year cycle after 2016, when it runs from 31 May to 10 June. This decision was taken by the drupa committee at today's meeting in Düsseldorf. “The entire print process chain has changed radically because of the Internet and digital technologies. New applications and solutions are developing and opening up new fields of business. At the same time, there is more focus on innovative technologies, such as 3D printing, printed electronics and functional printing,” explains Claus Bolza-Schünemann, Chairman of the drupa Advisory Board. “It’s more important than ever before that our customers have an overview of the latest technology and are also inspired to use new business models and solutions. drupa is the only specialist trade fair in the world to offer this– and will do so every three years in the future.”

    One positive side-effect of this change is that drupa will no longer run in 2020, the same year as interpack, the world's most important trade fair for the packaging industry and the closely related process industry. "The drupa exhibitors who specialise in packaging printing would have found 2020 an incredibly stressful year so the change will clearly benefit customers," emphasises Werner Matthias Dornscheidt, President & CEO Messe Düsseldorf.
    The precise dates haven't yet been finalised, but it's clear that drupa will take place in the traditional drupa month of May in 2019, 2022 and 2025 in Düsseldorf.
    (Messe Düsseldorf GmbH)
     
    03.04.2015   Kotkamills Group publishes its new organization effective as of 1.4.2015    ( Company news )

    Company news Markku Hämäläinen has been appointed Chief Executive Officer (CEO) of Kotkamills Oy.

    The following management team appointments have been made: Petri Hirvonen, Chief Financial Officer (CFO), Filip Sundholm, Production Director and Pirjo Eteläinen, acting Sales Director. Management team members report to Mr. Hämäläinen.

    Stefan Fors has been appointed Project Director, Timo Tallinen, Technical Director and Jouni Pekonen, Director, Procurement and Mill Services. They all report to Mr. Sundholm.

    Kimmo Kohvakka has been appointed Director, Absorbex Business Unit, Ville Seppälä Director, Imprex Business Unit, Pirjo Eteläinen Director, Solaris Business Unit and Marketing Director of Kotkamills, Olli-Pekka Hakkarainen Director, Wood Business Unit and Yrjö Aho Director, New Business Development. Mikael Strömberg continues in his position as President of L.P. Pacific Films. In business and sales related topics they all report to Mrs. Eteläinen for the present and in production and technical related topics they all report to Mr. Sundholm.
    (Kotkamills Oy)
     
    03.04.2015   First-Time Exhibitors Promotional Program for Papfor    ( Company news )

    Company news First time at PAP-FOR? Benefit from the opportunities offered exclusively to new exhibitors!

    PAP-FOR audience is looking for the new names on the market! In 2014, over 90 new Russian and international companies presented a comprehensive range of equipment and products relating to the pulp and paper industry.
    If you participate in PAP-FOR Russia for the first time or if you have not been there since 2010, we are happy to offer you a wide range of tools to make your exhibiting more efficient.

    Our special First-time Exhibitor Program enhances the companies'
    visibility before, during and after the show:
    • Publishing your news on the fair web-site;
    • Free e-mailings to PAP-FOR database;
    • Announcement via the pulp and paper industry media;
    • Special highlighting in the show printed and e-materials;
    • NEW signs at the exhibition stand.
    (Reed Expo Russia)
     
    03.04.2015   PAPERLINX UK COMPANIES PLACED IN VOLUNTARY ADMINISTRATION    ( Company news )

    Company news PaperlinX Limited (“PaperlinX”) advises that a number of companies comprising the paper merchanting and VTS businesses of PaperlinX UK (“UK Group”) have been placed into administration (“Administration”) by its UK directors. For clarity, this does not include the UK independent packaging businesses which continue to trade normally.
    The Joint Administrators, Matt Smith and Neville Kahn, insolvency practitioners of Deloitte UK were appointed on 1 April 2015.
    The continued lower demand for paper and decline in margins in the United Kingdom, together with the difficulty in restructuring substantial legacy pension liabilities, and the withdrawal of credit insurance culminated in the UK Group being placed in administration.
    The Administrators have observed that the UK Administration will not have an impact on PaperlinX’s day-to-day businesses and operations in Australia, New Zealand and Asia (“ANZA”).

    Photo: Andy Preece, PaperlinX CEO

    PaperlinX is further assessing the impact that the UK Administration will have on other European PaperlinX operations, given the interconnectedness of financing arrangements and the supply chain in the region. PaperlinX considers it appropriate that it continue to remain in voluntary suspension until the commencement of trading on Wednesday, 8 April 2015 so that it can manage its continuous disclosure obligations and to avoid the market trading in PPX securities on a basis that is not reasonably informed.
    As stated in PaperlinX’s ASX announcement on 22 December 2014, PaperlinX commenced a strategic review in relation to Paper Associates Pty Ltd (the holding company for PaperlinX’s European, Asian (excluding Australian and New Zealand) and Canadian operations.
    On 27 February 2015, PaperlinX provided an update on the strategic review, informing PaperlinX shareholders that conditions in the European paper merchant market remained challenging and outlined interim Underlying EBIT losses for the European business of €14.9 million, mainly due to a shortfall in earnings from Commercial Print divisions in the UK and the Benelux.
    Through the strategic review, PaperlinX had been exploring options to divest part or all of the European operations, but potential opportunities could not be brought to a satisfactory conclusion. The PaperlinX Board also considered a range of other funding alternatives but decided these were either not feasible or not in the best interests of PaperlinX.

    As a result of the strategic review, the PaperlinX Board determined that there was no reasonable basis upon which to expect a financial improvement in the UK Group. Even with ongoing and substantial cash investment, the PaperlinX board is of the view that a turnaround in the UK Group’s performance and profitability is unlikely. As such, the PaperlinX Board determined that it was not in the best interests of PaperlinX to continue to support the UK’s trading losses and adverse liquidity position or to fund significant restructuring initiatives.
    PaperlinX CEO, Mr Andy Preece, said “the profitable Spicers businesses in Australia, New Zealand and Asia are insulated from the financial liabilities of the UK businesses. In this region, PaperlinX’s primary focus will be to continue to develop its businesses beyond paper merchanting and into Sign & Display and Packaging.”
    The PaperlinX Board and management of PaperlinX deeply regret the impact the Administration will have on UK employees and all stakeholders of the UK Group.
    “This has been a difficult decision for the local directors of the UK Group, but one that I believe is unavoidable given the circumstances,” said Mr Preece. “PaperlinX has strongly supported its UK operations for many years, but despite continued efforts and the investment of significant capital over recent years, it has not been possible to successfully restructure the UK Group.”
    PaperlinX has been advised by ING, a local receivables financier of the UK Group and PaperlinX’s Dutch subsidiaries, that the facility in relation to the UK Group has been terminated, and that a termination event has occurred under the Dutch facility. ING has advised that, subject to certain conditions, it currently proposes to refrain from terminating the Dutch facility until 15 April 2015, to allow for the potential sale of the PaperlinX Benelux operations. Although a formal sale process has commenced, PaperlinX is not currently in receipt of any binding proposal in relation to a potential sale of the Benelux or any other European business. PaperlinX will not receive any material benefit from a sale or realisation of Benelux or any other European business. However, the proceeds of a sale or realisation will benefit other European stakeholders.
    (PaperlinX Limited)
     
    02.04.2015   Lecta to Increase Specialty Papers Prices in mid-April 2015    ( Company news )

    Company news Lecta, one of the leading European manufacturers of specialty papers, announces a price increase applied to its entire specialty papers portfolio: metallized papers, self-adhesive materials, one side coated papers, thermal, carbonless and cast-coated papers.

    The price increase will range from 5 to 7%, depending on product grade and country, and will be effective for deliveries from 15th April.

    This price movement is essential in order to offset rising manufacturing costs, particularly regarding high level prices of raw materials.

    Lecta customers will be personally informed by our sales teams who will provide them with any information they may require.
    (Lecta Group)
     
    02.04.2015   DREWSEN SPEZIALPAPIERE exhibiting on 27th INTERGRAF Security Printers conference ...    ( Company news )

    Company news ... in Copenhagen

    DREWSEN SPEZIALPAPIERE will be presenting their high-quality security papers and antiforgery solutions at the 27th International Security Printers Conference & Exhibition INTERGRAF in Copenhagen, Denmark from April 22nd - 24th 2015 (booths C2-C3).
    Under the motto „DREWSEN Innovations“ the latest security paper PROSECURA Security Paper Inkjet Professional will be introduced. This is an innovative security paper with optimized colour receiving layer specially developed for the latest generation of high-speed inkjet machines.
    PROSECURA Security Paper Inkjet Professional facilitates the printing of personalised data on high-speed inkjet printers without having to forego established security paper features.
    We therefore look forward to discussing the various applications for the high-speed inkjet printing of security documents, and new possibilities with you throughout the exhibition.

    Visitors are more than welcome to join us at the DREWSEN booth (C2-C3).
    (DREWSEN SPEZIALPAPIERE GmbH & Co. KG)
     
    02.04.2015   Eurovast starts up the new tissue machine supplied by Toscotec at Cartiera della Basilica, Lucca    ( Company news )

    Company news The Italian producer Eurovast successfully started up a new Toscotec tissue machine at Cartiera della Basilica, Bagni di Lucca (LU).

    The new machine is a MODULO-PLUS crescent former with double press configuration and steel Yankee dryer TT SYD-3200MM with a maximum speed of more than 1500 mpm; this is the ideal solution to meet the demand for high quality products and the need for energy savings and emission reductions.

    The desire to care for the environment and to install an eco-sustainable and innovative system were determining factors for Eurovast to choose manufacturing excellence in a rapidly expanding sector.

    Engineering services, assembly supervision, commissioning and start-up were all part of Toscotec’s scope. Thanks to the close cooperation between the two teams, the date of start-up was in line with the project’s time schedule and the operating and quality target were quickly achieved.
    With this new line in operation, Eurovast becomes a leading producer in the international tissue market, focusing on the improvement of the end result both in its product range and in the development of new solutions based on the specific needs of its customers.


    There is a widespread presence of the two main brands, Fiori di Carta® e Rotolotto®, in mass market retailers , discount retailers and Italian and European distribution channels.
    (Toscotec S.p.A.)
     
    02.04.2015   Koenig & Bauer AG financial statements for 2014: Sales on target and group profit    ( Company news )

    Company news -Restructuring on schedule with positive effects
    -Group sales of €1.1bn on a par with prior year
    -Positive results in both business segments
    -€14.1m operating profit and €5.5m pre-tax profit
    -Operating cash flow over €43m and high net liquidity
    -Outlook 2015: Similar sales with higher EBT margin

    Photo: KBA aims to focus more on serving digital printing markets which demand specialist expertise in handling challenging materials and large substrate widths

    Koenig & Bauer AG (KBA) published its financial statements for 2014 on 20 March. At €1.1bn group sales were at the top end of its forecast (2013: €1,099.7m). Initial positive impacts from the press manufacturer’s group realignment which began at the beginning of 2014 are visible. Compared to the previous year when restructuring expenses of over €155m strained KBA’s operating result, in 2014 both its sheetfed offset segment and the web and special press division posted an operating profit. Moreover, despite further special expenses of €10m the rise in operating profit to €14.1m was significantly higher than planned a year ago. The pre-tax profit (EBT) came to €5.5m and a group net profit of €0.3m also exceeded the forecast.
    In his letter to the shareholders Claus Bolza-Schünemann, president and CEO of the nearly 200-year-old press manufacturer, said: “We made rapid progress in the first twelve months of the most extensive realignment project in our company’s recent history and were pleased to see its positive effects earlier than anticipated.”

    Increase in new sheetfed orders unable to fully compensate for decline in web and special presses
    Order intake in 2014 was characterised by negative external impacts resulting from numerous global conflicts, economic weakness in parts of Europe and in key emerging countries as well as slower growth in China. This is why the positive performance of the group’s sheetfed offset division was particularly pleasing as order intake here profited from KBA’s strong position in folding carton and metal decorating, and lifted slightly from €608m to €610.1m, bucking the industry trend. At the same time sluggish business trends in newspaper and publication printing continued and combined with a slide in demand for security presses led to a fall in order intake of 14.2% to €346.8m compared to the previous year. Overall, the rise in new orders for sheetfed presses was unable to compensate for the decline in KBA’s web and special press business. At €956.9m the total volume of new press orders was 5.5% down on the prior-year figure.
    As part of the Fit@All restructuring programme the KBA management board has already initiated all necessary measures and implemented these to a large extent: They are aimed at ending the group’s dependence on shrinking markets, such as newspaper and publication printing. KBA management expects these measures to lead to a more stable level of capacity utilisation and appropriate earnings, also in these business units. At the end of the year group order backlog came to €417.3m, compared to €560.5m in 2013.
    Nearly the same can be said for sales in the business segments. While sales of sheetfed offset presses were up 3.3% to €590.6m also a result of brisk business with metal-decorating systems, at €509.5m revenue in the web and special press segment sank by 3.5%. The KBA digital printing field also contributed to sales with the delivery of the first KBA RotaJET 168 to a German decorative printer.

    China remains largest market despite a dip in growth
    Compared to 2013 domestic sales sank by 8.3% to €180.6m and the export level rose from 82.1% to 83.6% accordingly. Deliveries to other parts of Europe increased by 17.8% to €389.8m and this region’s proportion of group sales climbed from 30.1% to 35.5%. Sales generated in North America stood at €117.6m or 10.7% of the total, compared to 12.8% the year before. At 13.5% Latin America and Africa’s contribution was slightly higher than usual. Given a slide in growth in China and economic weakness in Thailand, sales attributable to Asia and the Pacific eased down from €301m in 2013 to €263.4m, or 27.4% to 23.9%. Nevertheless, China remained KBA’s largest single market.

    €11.5m operating profit in sheetfed segment…
    Following a considerable operating loss the previous year due to high restructuring expenses and impairments (2013: –€77.6m), the sheetfed offset segment generated an operating profit of €11.5m in 2014. Along with major progress with costs and prices at the site in Radebeul and at KBA-Grafitec, brisk business recorded by KBA-MetalPrint in Stuttgart also contributed to this profit. KBA CEO and president referred to this division’s development in earnings as particularly encouraging for the future.

    …and €2.6m operating profit for web and special presses
    At €2.6m operating profit after special items in the web and special press segment remained below previous years. However, in light of the high one-off effects in 2013, the prior-year loss of €53.1m is not comparable. Besides the planned special expenses for relocations and other structural measures, insufficient utilisation of capacities which have been significantly reduced in the meantime at the company’s web offset plants resulted in substantial costs. KBA’s web offset business will have brighter future prospects albeit on a significantly smaller scale through its grouping with growing inkjet digital activities in the new KBA-Digital & Web Solutions business unit.

    Strong cash flow despite high severance payments
    At €43.2m cash flows from operating activities exceeded the previous year’s figure of €34.1m significantly in spite of a fall in customer prepayments and considerable cash outflows for severance payments. After deducting funds for investments, the free cash flow soared to €28.7m compared to €3.2m the year before. Along with an improvement in earnings, this was achieved by a reduction in inventories and receivables. The group’s CFO, Dr Mathias Dähn, in office since June 2014 put working capital management at the top of his agenda.

    Over €200m liquid assets at the end of 2014
    At 31 December 2014 liquid assets rose to €207.6m thanks to KBA’s positive cash flow. After deducting €15.2m in reduced bank loans, net liquidity came to €192.4m. From the credit lines available, only guarantee credit lines were used to secure customer prepayments. A decrease in the discount rate for German pensions reduced the equity ratio from 25.3% to 22.4%. Nevertheless, KBA still has a very solid financial footing compared to other companies in the industry.

    678 fewer employees than twelve months earlier
    At the end of 2014 there were 5,731 staff on the KBA payroll, 678 fewer than at the end of 2013. Excluding apprentices, trainees and those who have already left the company the number of employees in the group sank to 5,114. Payroll will fall again to about 4,500 by the end of 2016 due to restructuring. KBA’s training rate remained above average at 7.4%.

    New company structure in preparation
    As part of the realignment the KBA management board is preparing the shift from a functional to a divisional organisation structure to strengthen the group’s Corporate Governance system. The fundamental goals are increased transparency, clear management responsibility and targets in all business units, no tolerance for loss-makers, no cross-subsidies as well as capital expenditure according to strategic objectives and projected returns. The new structure will be submitted to the AGM on 21 May 2015 and could be implemented with effect from 1 January upon approval retrospectively.
    In the new company structure Koenig & Bauer AG will operate as a holding with central functions. The operating business units sheetfed offset (KBA-Sheetfed Solutions), digital & web (KBA-Digital & Web Solutions) as well as production (KBA-Industrial Solutions) which will act as a joint production base for the group, will all be managed under its roof. The spun-off companies have a German legal company structure of an AG & Co. KG (limited partnership with public limited company as general partner). KBA-NotaSys, responsible for our security printing systems, will be adapted in accordance with the added-value chain and will be consolidated in the new special press unit, just like KBA-MetalPrint, KBA-MePrint, KBA-Metronic, KBA-Kammann and KBA-Flexotecnica.
    The group’s new reporting structure for the sheetfed, digital & web and special press segments planned for 2015 is expected to contribute to strengthening transparency further.

    Outlook 2015: Similar sales with up to 2% EBT margin
    KBA sees no overall growth for the global press market in 2015 given the raft of imponderables impacting on the global economy. However, the group’s management board perceive further opportunities for growth predominantly in digital and packaging printing. In digital printing KBA aims to focus more on applications with challenging materials and large substrate widths. Flexible digital press platforms were developed in 2014 with the RotaJET L and RotaJET VL. Furthermore, the first results are expected from KBA’s partnership with Hewlett Packard (HP) for the development of an inkjet press for the digital corrugated printing sector.
    The KBA group already has a strong footing in the growing packaging market and is the leader in printing systems for board, metal and glass. In 2015 the company aims to push forward intensely with the integration of KBA-Flexotecnica active in the market for flexible packaging. KBA-Kammann specialising in systems for the decoration of premium hollow containers has formed a partnership with KBA-MePrint to develop a new press for printing high-quality labels. Coding-system specialist KBA-Metronic is seeking to grow further in Asia. Additionally, the group intends to increase its profitable service and trading sales.
    The KBA management does not anticipate any significant special expenses in the group financial statements for 2015 as the restructuring programme will be largely complete by then. In contrast, cost-saving effects from measures that have already been implemented will have an increasingly positive impact on earnings and liquidity available. Assuming the general economic environment remains relatively stable, KBA management is targeting over €1bn in group sales for 2015 and anticipates an improvement in earnings to an EBT margin of up to 2% of sales.
    In view of the volatile economic and political climate, KBA management believes more detailed forecasts for the new fiscal year and beyond would entail too many unknown factors at present to be of any merit.
    (Koenig & Bauer AG (KBA))
     
    02.04.2015   Nilfisk-Advance becomes Nilfisk    ( Company news )

    Company news Nilfisk-Advance changes the name and corporate brand to Nilfisk in order to create a stronger alignment with Nilfisk’s main global product brands and to increase brand impact and understanding for Nilfisk’s customers. The new company name will be implemented globally as of April 2015.

    “We are reducing complexity in our branding, and the overall brand hierarchy will be simpler to understand for both end-customers and dealers across the world,” says Jonas Persson (photo), President and CEO of the Nilfisk Group.

    The new corporate brand identity will support Nilfisk’s future strategy and enable the continued positioning of Nilfisk as a global market leader. Nilfisk anticipates a smooth transition with no disruption to the business and cooperation with customers.

    The company was named Nilfisk-Advance in 1998 following the acquisition of US-based Advance Machine Company four years before.

    Advance continues to be a product brand in the Nilfisk’s portfolio, targeting professional customers in the Americas. Advance has gained strong presence in North and South America.

    New corporate visual identity
    A new corporate visual identity will be presented as part of the name transition in April – from Nilfisk Advance to Nilfisk. During 2015, websites, marketing material, back office systems and all legal conditions will be altered to reflect the new company name.
    (Nilfisk A/S)
     
    02.04.2015   European paper industry partners with Pöyry     ( Company news )

    Company news The Confederation of European Paper Industries (CEPI) is pleased to announce a new partnership with Pöyry. The partnership will allow CEPI and Pöyry to work more closely together, particularly in the areas of innovation and bioeconomy. In addition, it will reinforce Pöyry’s presence both at the European Paper Week as well as other events organised by CEPI.

    Pöyry is an international consulting and engineering company providing services across the full project lifecycle and helping to solve the challenges faced by the world’s toughest industries. By becoming a CEPI Partner, Pöyry joins Buckman, Omya and Voith. “We are very excited to have Pöyry on board and we very much look forward to a fruitful collaboration”, says CEPI Director General Marco Mensink.

    CEPI’s partnership programme is currently open to machine and chemical suppliers active in the pulp, paper or board industry with a direct link to paper manufacturing. It was first launched in 2011 and aims at exchanging technical information and expertise as well as promoting common interests.
    (CEPI aisbl)
     
    02.04.2015   CALL FOR POSTERS    ( Company news )

    Company news The 10th Biennial Johan Gullichsen Colloquium
    New Business Opportunities from Wood
    19th of November 2015, Wanha Satama, Helsinki, Finland

    Paper Engineers’ Association arranges the international 10th Johan Gullichsen Colloquium, which especially encourages and promotes young engineers and scientists. The colloquium will be held in conjunction with the Autumn Meeting of the Paper Engineers’ Association.
    The theme will be “New Business Opportunities from Wood”. In addition to invited presentations there will be a wide variety of posters present. All presentations and posters are challenged to consider
    the financial and commercialising potential of the research topic in addition to the scientific content.

    Posters are asked from the following areas:
    - New Process Concepts and Energy Balance
    - Composite Structures
    - Textiles

    The deadline for one-page poster abstracts is April 30th, 2015. Kindly send the abstracts to susanna.lahdesmaki@papereng.fi
    Paper Engineers’ Association
    Metsänneidonkuja 4
    02130 Espoo, Finland
    Tel. +358 40 132 6688
    fax +358 9 630 365
    www.papereng.fi
    www.papermakerswiki.com
    (Verein der Zellstoff- und Papier-Chemiker und -Ingenieure e.V. - Verein ZELLCHEMING)
     
    02.04.2015   Bekaert Solaronics installs WebMate® systems in a paper mill manufacturing ...    ( Company news )

    Company news ... coated specialties located in Japan

    Bekaert Solaronics received an order from Matsubo Corporation to install two infrared WebMate® hoods in a paper mill that manufactures coated specialties in Japan.

    The objective of these two systems, installed after two new coating stations, is to correct the cross direction moisture profile before coating station and before reel for an optimal paper quality at the lower operating costs.

    Two WebMate® systems are already installed after other coating stations on the machine. Both systems providing fully satisfaction in terms on quality and efficiency, the customer renewed its confidence to Bekaert Solaronics.

    The new electrical non-contact infrared drying systems WebMate® are equipped with 1 row of 20 M2000 modules which guarantee perfect quality, a high drying rate as well as a long lifetime. Furthermore, moisture profile correction is optimized thanks to the gold-coated parabolic reflector technology that ensures a focused energy radiation only where it is needed.
    (Solaronics SA)
     
    01.04.2015   SURTECO achieves targets for the year while comparable operating profit increases by 56 %    ( Company news )

    Company news -Consolidated sales in the business year 2014 at € 618.3 million are 54 % up on previous year
    -EBITDA increases by 5 % to € 62.8 million in spite of restructuring expenses in 2014 and a positive one-off effect in 2013
    -Confidence for 2015 thanks to operating improvements and synergy effects arising from Süddekor integration

    Photo: Friedhelm Päfgen, Chairman of the Board of Management of SURTECO SE

    SURTECO SE – one of the world’s leading manufacturers of decorative surface materials – succeeded in achieving the planned targets for the year in the course of the business year 2014. According to provisional unaudited figures, the Group posted sales of € 618.3 million (2013: € 402.4 million) amounting to an increase of 54 %. This rise was essentially due to the first-time full consolidation of the Süddekor companies, which were taken over at the end of 2013.

    Earnings before Interest, Tax and Depreciation and Amortization (EBITDA) reported a five-percent increase at € 62.8 million compared with the figure of € 59.7 million reported for the previous year. In this context, it should however be taken into account that in 2013 a non-operating, positive contribution to earnings of € 13.5 million was included in reporting as a result of the Süddekor acquisition. In the year under review 2014, a provision amounting to € 9.4 million was recognised for upcoming restructuring at the decorative printing division in 2015. Adjusted by these one-off effects, an improvement in EBITDA of 56 % was achieved. EBIT amounted to € 27.5 million (2013: € 37.1 million) and although EBT at € 22.2 million (2013: € 28.1 million) was below the values for the previous year, once an adjustment is made for the one-off effects described above, significant growth rates were also achieved here.

    “SURTECO succeeded in achieving its targets in 2014. Sales and comparable operating profit therefore increased by more than 50 %. We are confident that the integration of Süddekor will continue to proceed according to plan in 2015,” commented the Chairman of the Board of Management of SURTECO SE Friedhelm Päfgen.

    The detailed outlook for the business year 2015 will be presented together with the audited annual financial statements and the management report for the year 2014 at the Financial Press Conference in Frankfurt on 30 April 2015. Provided that the economy continues to develop robustly and further integration of Süddekor proceeds according to plan, SURTECO is confident that modest operating improvements and increasing synergy effects will be achieved from the Süddekor integration, which will for the most part exert a positive impact on earnings.
    (Surteco SE)
     
    01.04.2015   Ahlstrom announces price increases for masking tape base papers     ( Company news )

    Company news Ahlstrom, a global high performance fiber-based materials company, announces price increases on its masking tape materials produced by the Food and Medical business area. The price increases will be made to compensate for the continued high costs of raw materials in euro terms.

    The price increases will affect all masking tape products manufactured globally and will be effective on April 1, 2015. The increase will be up to 7% depending on markets as well as the product and the agreements in place. Specific details will be discussed with each customer individually by the appropriate sales teams in the near term future.

    Ahlstrom offers the widest range of masking tape base papers for a perfectly sharp finish line and optimal protection on even the most delicate surfaces. Our masking tape products are produced in France, China and Finland. Food and Medical business area's end-use applications include teabags, coffee pods and capsules, food packaging, baking papers, masking tape, surgical gowns and drapes, and sterile barrier systems.
    (Ahlstrom Corporation)
     
    01.04.2015   GAW order at Mayr-Melnhof Frohnleiten    ( Company news )

    Company news Beginning of 2015 GAW technologies GmbH undertook the rebuild and extension project of the cardboard machine KM3 of Mayr-Melnhof Karton AG at their main production facility in Frohnleiten/Austria.

    The brand new developed, premium quality coated recycled board is produced in an “inline-production” and includes a one-of-a-kind functional barrier for safe packaging of primary packaging for food. This innovation on the packaging market represents a quantum leap when it comes to product safety, because packed food is being protected from defined unwanted substances like for example: mineral oil, phthalate, bisphenol A and DIPN.

    Amongst other things, the entire coating section was completely rebuilt during this ambitious project. GAW is proud to have been part of this collaboration and milestone in carton manufacturing and also cherishes the long-time partnership with the customer.
    (GAW technologies GmbH)
     
    01.04.2015   Nippon Paper Industries Co., Ltd. Integrates Yoshinaga Mill and Fuji Mill    ( Company news )

    Company news Integrated mill will be called Fuji Mill, strengthen cooperative structure of back-office sections

    Nippon Paper Industries Co., Ltd. (President: Fumio Manoshiro; hereinafter, "Nippon Paper Industries") has decided to integrate Yoshinaga Mill (Address: 798 Hina, Fuji-shi, Shizuoka Prefecture) and Fuji Mill (Address: 600 Tadehara, Fuji-shi, Shizuoka Prefecture) as of April 1, 2015. The integrated mill will be called "Fuji Mill."

    Until now, Yoshinaga Mill and Fuji Mill, both located in Fuji-shi, have been cooperating by means such as the integrated procurement of raw materials and information sharing. However, with the integration of the two mills in light of the tough business climate surrounding paper and paperboard, Nippon Paper Industries aims to strengthen the cooperative structure of back-office sections and further streamline operations.
    (Nippon Paper Industries Co Ltd)
     
    01.04.2015   Stora Enso and GL&V Sweden perform successful pulper rebuild at Kaukopää Mill    ( Company news )

    Company news Stora Enso is a leading global supplier of packaging materials, serving a whole range of packaging applications – milk, juice, soups, spices, water and yoghurt as well as various high-volume non-food products, such as liquid detergents and fabric softeners. According to the company, their liquid packaging boards, combined with proprietary polymer coatings, offer the best in product protection, printing, converting and filling performance, economy and sustainability.

    Photo: Aki Laukkanen, Stora Enso, Superintendent BM4 (left), Riku Suurnäkki, Stora Enso, Production Manager BM4
    and CTMP, Tero Jussila, GL&V Sweden AB, Global Business Manager.

    Stora Enso’s renewable fiber-based Natura board is an excellent example of a high-performing liquid packaging board with advanced multilayer construction. The two outer layers are made of chemical SBS pulps. The middle layer contains CTMP pulp, which provides the bulk and stiffness for improved yield and package performance. Every third liquid carton in the world is made from Stora Enso’s board. Stora Enso produces its Natura boards in Finland and Sweden. In Finland, the company produces liquid packaging boards at Kaukopää Mill in Imatra on Board Machine 4 (BM4), which has a production capacity of 350,000 t/a. Stora Enso Kaukopää Mill and GL&V Sweden AB have had a long-standing, close and efficient technology partnership that focuses on improving the mill’s overall production economy.

    Higher machine speed overloaded existing pulper capacity
    Kaukopää’s BM4 was manufactured by Beloit. The wire width is roughly seven meters. The board machine has undergone several modernizations over the years in an effort to boost pro­duction and improve board quality. Following a major rebuild in 2009, production increased so much that the capacity of both the calender pulper and the reel pulper were insufficient to pulp broke board in connection with breaks and grade changes. 2013 machine had another small investment which increased the capacity. The situation worsened af­ter a minor new investment. The challenge of pulping was the product itself. LPB grade is hard to deflake.

    Partnership between Stora Enso and GL&V Sweden
    In this challenging situation, Stora Enso asked GL&V Sweden’s pulp-processing experts to assess the problem and pro­pose corrective measures. According to Stora Enso, the request was based on GL&V’s track record of pulper modern­izations in the production plants of both Stora Enso and other companies. Also in play was the fact that GL&V offers vari­ous technologies that are different from that of competitors, such as solutions based on deflectors.

    “Our investment in 2009 boosted our production. However, we ran into a problem with the calender and reel pulpers after web breaks. The pulpers ran out of capacity in con­nection with the tail threading due to the increased production. This could cause damage to the drying fabrics during tail threading, as well as other technical losses. The board machine’s efficiency also suffered, as restarting it was complicated,” recounts BM4’s Pro­duction Manager, Riku Suurnäkki.

    GL&V team: When did the situation get so bad that you decided to fix the problem with both pulpers at the same time?
    “The challenges started some time right after the 2009 rebuild. Back then, however, it still wasn’t such a big problem. It was only after 2013 increased production when the problems escalated,” Suurnäkki recalls. “The board machine could, of course, be operated, but it was a preci­sion job,” Aki Laukkanen, Superintendent at BM4.

    GL&V team: And you decided to eliminate the problems!
    “Yes, and we wanted to play it safe! GL&V’s solid pulper modernization references were a good reason to start the co-operation. The starting point was to get the pulping to work so robustly that the pulpers would no longer have to be run with the same precision as before. Even if there are variations in the process, the pulping pro­cess should still work. We had to ensure excess capacity,” states Aki Laukkanen.

    GL&V team: In came GL&V!
    Riku Suurnäkki: “The investment was han­dled as agreed and on schedule. The of­fers arrived on time, and the work was per­formed very quickly and well.”
    Aki Laukkanen: “After some fine-tuning, the pulpers started up like a charm. Our goal was functionality and that’s what we got. In addition, the modernized pulpers will make our future development projects possible. The biggest part of the work is behind us.”
    Riku Suurnäkki: “Tail threading is easier, and during grade changes, the broke board can be directed straight to the pulpers. Broke reels don’t have to go through the winder and warehouse before re-entering the ma­chine.”
    Aki Laukkanen: “As an investment, this project went like clockwork, as they say. The pulpers worked without a hitch right from the start, and the main problem was eliminated all at once.”
    (GL&V Sweden AB)
     
    01.04.2015   Iggesund further reduces carbon emissions    ( Company news )

    Company news Iggesund Paperboard’s Swedish pulp and paperboard production facility, Iggesund Mill, reduced its fossil carbon dioxide emissions by 86 per cent from 2013 to 2014 from what was already a low level. The reduction is partly due to the investment in a new recovery boiler, which was completed in 2012.

    “It always takes time to fine tune a new piece of equipment and we’ve also made some smaller investments to optimise our return from the recovery boiler,” explains Olov Winblad von Walter, Manager of Iggesund Mill. “Now we’re getting close to achieving the potential we expected.”

    The mill’s environmental improvements are not limited to carbon dioxide. Emissions of sulphur have also been cut by 82 per cent, nitrogen oxides by 19 per cent and particulates by 90 per cent – all compared with 2011, which was the last year the old recovery boiler was operating. A conscious decision on operating strategy and investments in process stages that previously used fossil fuel oil have also contributed to the radical reductions in air-borne emissions.

    Iggesund Mill is not the only component of the Holmen Group to succeed with its environmental work. Between 2013 and 2014 carbon dioxide emissions per tonne of manufactured paperboard and paper products within the Group were cut from 123 kilos to 67 kilos. This is almost 50 per cent and demonstrates clearly that the Group has taken yet another step to reduce the climate impact of its own operations.

    In recent years the Holmen Group has received a number of awards for its sustainability work. In 2014 Iggesund was given the Bio Strategy of the Year award by the industry organisation PPI. The Holmen Group was also included on the Carbon Disclosure Project’s list of the 187 global companies that are leaders in the battle to tame the climate threat.
    (Iggesund Paperboard AB)
     
    01.04.2015   Eagle Industries closes transaction of Kotkamills Oy    ( Company news )

    Company news As announced on March 5th, 2015, Kotkamills Oy has a new owner. The company has now returned to full Finnish ownership. Eagle Industries Oy was founded for this acquisition.

    Eagle Industries Oy is owned by MB Funds, Nordic Mezzanine, Elo Mutual Pension Insurance Company, Finnish Industry Investment and company management. MB Funds is the majority shareholder.

    The competition authorities have approved the transaction and Eagle Industries Oy has closed its acquisition of Kotkamills Oy from OpenGate Capital on March 24th, 2015.

    In the acquisition it has been agreed that Tuija Suur-Hamari will leave her position as CEO of Kotkamills Oy. Mrs. Suur-Hamari has made a successful career in the company developing the business significantly during recent years. Independent Kotkamills Oy has kept its market position through challenging economic times and we thank Tuija Suur-Hamari for her work done in developing the company.

    Managing Director of Eagle Industries Oy, Ph.D. (Eng.) Markku Hämäläinen has been appointed new Chief Executive Officer (CEO) of Kotkamills Oy, effective as of March 25th, 2015.

    Under the new ownership Kotkamills Oy looks forward to continue the good co-operation with its customers and suppliers. The company will keep on producing sustainable quality products to meet customer requirements and maintain its active role in the business.
    (Kotkamills Oy)
     
    31.03.2015   GOEBEL Schneid- und Wickelsysteme GmbH and IMS, a brand of IMS Deltamatic S.P.A. merge ...    ( Company news )

    Company news ... together their activities to become GOEBEL IMS

    The two subsidiaries of the Italian IMS Deltamatic Group are enhancing their strong position on the market.

    As of 9th March 2015, the German company GOEBEL Schneid- und Wickelsysteme GmbH and IMS will pool their business activities in order to become GOEBEL IMS. Both companies are high-tech slitter rewinder manufacturers and were already members of the IMS Deltamatic Group headquartered in Italy. The successful merger of the two companies represents the consistent implementation of a future-oriented corporate governance within the IMS Deltamatic Group. Andreas Hollman, CEO of GOEBEL Schneid- und Wickelsysteme GmbH: “Since GOEBEL became part of IMS Deltamatic Group in 2013, we have engaged in numerous exchanges with our Italian colleagues and have managed to form a tight-knit group. Now what belongs together, will also grow together, and we are looking forward to the next step in our company history. It is thanks to this merger that we can combine our international sales channels and provide an improved service to our customers with an enlarged product portfolio.”

    Photo from left to right: Daniele Vaglietti, CEO of the IMS Deltamatic Group; Raffaele Ghilardi, President of IMS Deltamatic Group; Andreas Hollman, CEO of GOEBEL Schneid- und Wickelsysteme GmbH

    GOEBEL IMS offers a large spectrum of machines for the conversion of paper and board, plastic film and alufoil, cigarette papers, aseptic packaging materials and other special materials. The three production sites based in Italy, Germany and United States employ approximately 300 members of staff.

    Both GOEBEL and IMS can look back on a long and successful history in mechanical engineering, one which will be further strengthened now. Following the merger, Daniele Vaglietti, CEO of the IMS Deltamatic Group, is aware of the responsibility for the staff: “We are looking forward to the coming months and years with our experienced teams at our sites in Germany, Italy, China and the US and with the same corporate strength. We now unite the best: precision, reliability, innovative strength and design.”

    The business activities of the consortium are led by Raffaele Ghilardi, President of IMS Deltamatic Group; Daniele Vaglietti, CEO of the same Italian group and Andreas Hollmann, CEO of GOEBEL Schneid- und Wickelsysteme GmbH, Darmstadt.
    (Goebel IMS)
     
    31.03.2015   Paper mill closures increase demand for BPM's recycled papers    ( Company news )

    Company news As the trend of paper mill closures continue, BPM remains a strong player in paper making industry.

    BPM Inc., a long-standing manufacturer in the papermaking industry, has started to feel the effect of yet another paper mill closure in the USA. Over the last several years, manufacturing facility closures, global competitive pressures, and corporate consolidations continue, affecting both profitability and sustainability of mills.
    Through the industry’s unstable years, BPM continues to grow and expand its product offering to printers and converters world wide. With the increased demand for USA made, recycled paper products, the
    company is also fulfilling the large need for tablet and notepad
    converters, manufacturers and printers.
    “BPM has seen a jump in the use of 100% PCW recycled content papers over the use of virgin and 30% PCW as businesses gravitate towards
    environmentally friendly practices” said Mitchell Mekaelian, Vice President Sales. “With the impact of a recent paper mill closure in upper Michigan, the demand will continue grow,” Mekaelian continued. “Our tablet and notepad papers continue to increase in orders and production is growing as customers look to make products and businesses greener.”
    While BPM is busy manufacturing a wide-variety of products on two machines; one designed for the food industry and the second solely to manufacture its exclusive, Envirographic™ 100, the mill specializes in niche markets requiring custom orders and unique products.
    The Peshtigo based mill has been manufacturing Envirographic 100 for over two decades, offering a wide-range of basis weights from 16/40 to 32/80 lb. offset grades, 14 – 20 lb. tablet grades, 7 and 9 point reply card, 110 and 125 lb. index and 65 – 80 lb. white recycled paper bag stock.
    In addition to the range of products, Envirographic 100 specs are unmatched, which include 92 brightness, outstanding opacity, smoothness and caliper.
    The company also manufactures Envirographic 100 COLORS, the only 100% post consumer recycled pastel papers in canary, green, blue, pink, goldenrod and cream.
    Excellent runability and print capabilities make the grade superior in the industry. The in-house color matching system offers its clients a customizable product offering unique to the job requirements.
    The complete line of Envirographic 100 is made with 100 % PCW recycled pulp, FSC® C019220 and SFI® certified.
    (BPM Inc.)
     
    31.03.2015   Flowserve to Supply Control and Automated On/Off Valves to Klabin's New Giant Pulp Mill in Brazil    ( Company news )

    Company news Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that its operation in Brazil has been selected to supply all ball sector control valves, ball valves and butterfly valves for the new Klabin mill (Project Puma) located in the city of Ortigueira, Paraná state, southern Brazil. In total, more than 1500 rotary control and automated on/off valves will be supplied from Flowserve to the Klabin Puma Project, including products under the NAF, PMV, Atomac and Worcester brands. The valves will be included as part of supply agreements with a number of different participating engineering, procurement and construction (EPC) contractors. The orders were booked in the fourth quarter of 2014.

    Klabin is one of the world's largest packaging paper producers, exporting to more than 60 countries. The new mill will have an annual production capacity of 1.5 million tons of pulp, of which 1.1 million tons is short fiber (eucalyptus) for use in a variety of paper and 400 thousand tons is long fiber (pine), part of which will be converted into fluff pulp. Fluff pulp is used extensively for a range of absorbent products such as diapers.

    "The reliability and performance of our rotary control and automated on/off valves combined with our local service capability helps our customer run their pulp mills safely and efficiently," said Bill Brown, vice president and general manager, Flow Control Operations, Chemical Sector. "From our Quick Response Center (QRC) in Três Lagoas, we will also be able to provide localized service to our customer and protect their investment over the entire life cycle of the valves."

    The Puma Project is the third major project in Brazil in the past six to seven years where Flowserve has been providing all of the critical service rotary control and on/off valves. In order to provide dedicated support to its customers in the first two mills, a QRC was opened in Três Lagoas in 2010. For the Puma Project, Flowserve was chosen for its track record of supplying high performance, reliable products and its commitment to providing strong on-site support during construction and start-up.

    The valves are due to be shipped between April and December 2015.
    (Flowserve Corp.)
     
    31.03.2015   ARCTIC PAPER GROUP SIGNIFICANTLY IMPROVES FINANCIAL RESULTS IN 2014    ( Company news )

    Company news The Arctic Paper Group generated significantly sounder financial results for 2014 than in the previous year. EBITDA was PLN 238.5m (growth of over 227%), operating profit exceeded PLN 116.6m (compared to a loss of PLN 151.6m the year before), and net profit was PLN 78.2m (compared to a loss of PLN 152.2m in 2013). Sales revenues in 2014 were PLN 3.1bn, similar to the amount in 2013.

    The good financial results of 2014 were generated thanks to the introduction of reorganization measures and organizational efficiencies during the previous year. The results for 2014 were also influenced by favourable external factors such as pulp prices and currency exchange rates. The beginning of 2015 has proven that the volatility of the European currencies is a factor to be more aware of.
    (Arctic Paper S.A.)
     
    31.03.2015   ANDRITZ to supply new press section at Iggesund Paperboard, Workington, England    ( Company news )

    Company news International technology Group ANDRITZ has received an order from Iggesund Paperboard to install a complete press section for the board machine 2 at the Workington mill, England. Start-up is scheduled for the second quarter of 2016.

    ANDRITZ will deliver a turnkey new press section, including a PrimePress X shoe press and a new PrimeFeeder for tail threading from press section to dryer section. The scope of supply also includes a new press pulper, field instrumentation, machine control systems, electrification, and new press section drives. The new press section will increase production capacity and improve energy efficiency, runability, and product quality.

    The Workington mill produces high-performance paperboard used for consumer packaging and graphical products.
    (Andritz AG)
     
    30.03.2015   Rengo Completes Construction Work to Renew Containerboard Machine at Marusan Paper Mfg.    ( Company news )

    Company news Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that construction work has completed, as previously planned, to renew a containerboard (linerboard) machine at its consolidated subsidiary Marusan Paper Mfg. Co., Ltd. (Head Office: Minamisoma-shi, Fukushima; President: Hakaru Mita) and a completion ceremony was held on March 3.

    As the Rengo Group’s production center for containerboard in the Tohoku region, Marusan Paper Mfg. used to produce approximately 20,000 tons of containerboard per month using two paper machines: PM6 for linerboard and PM7 for corrugating medium. More than 40 years has elapsed since the PM6 machine was first installed in 1973, and it deteriorated and was damaged by the Great East Japan Earthquake, making replacement with new equipment an urgent matter. The recently completed PM8 for linerboard is compatible with lightweight containerboard—demand for which is increasing as a result of environmental considerations—and further increases in quality were achieved while saving energy and raw materials .

    With the completion of the new machinery, the Rengo Group’s containerboard supply system in eastern Japan has been enhanced and the integrated production system from containerboard to corrugated packaging has been strengthened. As a result of the machine renewal, Marusan Paper Mfg. will continue to play a part in the economy of the company’s local region of Minamisoma-shi and Fukushima Prefecture and will contribute greatly to the region’s reconstruction and revitalization through continuous industrial promotion and stable employment.
    (Rengo Co Ltd)
     
    30.03.2015   Bobst Group nearly doubles net result to CHF 53.0 million    ( Company news )

    Company news Bobst Group, the Swiss-based worldwide leading supplier of equipment and services to the packaging industry, achieved consolidated sales of CHF 1.3 billion in 2014, a marginal decrease of CHF 54 million, or 4.0%, compared to 2013. The operating result (EBIT) reached CHF 81.7 million (CHF 60.3 million in 2013) and the net result reached CHF 53.0 million (CHF 27.7 million in 2013). These significant improvements were achieved due to the first full-year impact of Group transformation measures, and to very good utilization of the Group’s industrial capacities, which have been adapted to demand.
    The strong operating result (EBIT), together with a further reduction in net working capital, resulted in a significant cash inflow from operating activities of CHF 129.4 million (CHF 83.2 million in 2013). This enabled the Group to further reduce net debt from CHF 109.0 million in 2013 to CHF 17.7 million in 2014. The return on capital employed (ROCE) reached 12.6% compared to 8.6% in 2013.
    The Board of Directors proposes to the Annual General Meeting of Shareholders the payment of a dividend of CHF 1.25 per share (CHF 0.75 in 2013).
    After the announcement made by the Swiss National Bank on January 15, cost reduction measures have been initiated to mitigate significantly the impact of the rise of the Swiss franc.
    The Group confirms its strategy and will dedicate core resources and energy to keeping its technological lead and enhancing customer satisfaction. In 2015 the Group expects to achieve an operating result (EBIT) margin higher than 5% and a net result margin higher than 3%, at current exchange rates.

    Order entries and backlog
    The Group started 2014 with a slightly lower backlog of orders than the year before. Month-by-month, order entries were uneven, but with bookings at good levels for the last months of the year.


    Sales
    For the full year 2014, consolidated sales decreased by CHF 54 million to CHF 1.3 billion. Sales in the second half of 2014 reached CHF 740 million, compared with CHF 560 million in the first six months of the year and to the CHF 791 million of the second semester 2013. Sales of Sheet-fed products remained stable compared to the previous year, at CHF 639 million. Demand for products for the corrugated equipment industry was strong and this compensated for weaker demand for products in the folding carton industry. Sales of Web-fed products decreased by 15.8%, achieving CHF 283 million for the year 2014. This reduction was mainly due to lower demand for special machines and complex lines. Sales of Services and spare parts remained stable compared to the previous year at CHF 377 million.


    Results
    The significant improvements in both operating result, up 35% to CHF 81.7 million, and net result, up 91% to CHF 53.0 million, were achieved due to the first full-year impact of Group transformation measures and to very good utilization of the Group’s industrial capacities, which have been adapted to demand. The net result also benefitted from the strong contribution of associated companies, reduced financing cost and lower tax charges.

    The Group’s results for the reporting year were negatively influenced by transformation costs and one-time events. Restructuring costs of CHF 6.2 million were partly offset by government grants of CHF 4.3 million, resulting in a net negative impact of CHF 1.9 million on the operating result and of CHF 1.2 million on the net result. The net impact of one-time events in 2013 amounted to CHF -12.3 million at the operating result level and to CHF -9.1 million at the net result level.


    Group transformation program contributed CHF 163 million to operating result (EBIT) by end 2014
    Between its launch in January 2010 and the end of 2012, the Group transformation program phase 1 generated CHF 85 million of recurring savings. The additional actions launched in November 2011 with the Group transformation phase 2 were implemented successfully and generated CHF 78 million of profitability improvements by the end of 2014, which is CHF 18 million more than the initial target of CHF 60 million.


    Solid balance sheet
    The successful business operations, as well as continued efforts to reduce net working capital, resulted in a strong cash inflow from operating activities of CHF 129.4 million. This cash has been used mainly for the repayment of the bonds which matured in May 2014, and to increase the cash position by CHF 69.1 million in the year-end balance sheet. Net debt was reduced from CHF 109.0 million in 2013 to CHF 17.7 million in 2014. Despite the positive net result of the year, the consolidated shareholders’ equity decreased by CHF 54.5 million and amounts to 27.9% in relation to the total balance sheet for 2014 (33.2% in 2013). This reduction is mainly due to the impact of IAS 19R* (CHF -91.3 million in 2014 compared to a positive impact of CHF 73.4 million in 2013).


    Outlook and financial targets
    In 2015, Bobst Group will focus its strategy on innovation and product launches. The Group will dedicate core resources and energy to keeping its technological lead and enhancing customer satisfaction – which is one of the Group’s main priorities. Moreover the Group will continue the implementation of measures to mitigate significantly the impact of the rise of the Swiss franc. The Group confirms the guidance published on February 11, 2015 that it expects to reach sales of CHF 1.15 to 1.23 billion in 2015. Taking into consideration the positive impact of the additional efficiency measures launched since January 15, 2015, and barring unforeseen circumstances, the Group expects to achieve an operating result (EBIT) margin of higher than 5% and a net result margin of higher than 3% for the current year. As interest rates have continued to decrease since the end of 2014, the equity ratio might reduce even further in 2015 due to the impact of IAS 19R*. This guidance is based on exchange rates of CHF 1.05 per Euro and CHF 0.92 per US Dollar.

    On December 3, 2014 Bobst Group announced increased mid- to long-term financial targets of at least 8% operating result (EBIT) and a minimum 15% return on capital employed (ROCE). In light of the decision of the Swiss National Bank to discontinue the EUR/CHF 1.20 minimum floor, it will take more time to achieve the "mid- to long-term" financial targets and the Group confirms its commitment to create value for its stakeholders.

    Board of Directors elections
    At the forthcoming Annual General Meeting of Shareholders on April 29, 2015, the mandates of all members of the Board of Directors will come to an end. Alain Guttmann, Thierry de Kalbermatten, Michael W.O. Garrett, Ulf Berg and Jürgen Brandt will be proposed for re-election for a new period of one year. Prof. Dr. Gian-Luca Bona, CEO of Empa (Swiss Federal Laboratories for Material Science and Technology), will be proposed as a new member of the Board. His profile and experience will bring the company important added value in the field of new technologies, especially in the digital world. The Board proposes to re-elect Alain Guttmann as Chairman of the Board.
    (Bobst Mex SA)
     
    30.03.2015   Minerals Technologies Appoints Alexander Masetti, Vice President & Managing Director, Paper PCC    ( Company news )

    Company news Minerals Technologies Inc. (NYSE: MTX) announced that its Board of Directors has appointed Alexander Masetti Vice President and Managing Director of its Paper PCC business unit. Mr. Masetti joins Minerals Technologies Inc. from Air Products and Chemicals, Inc., where he held various business unit and executive positions. He will become an officer of Minerals Technologies and a member of the company's management team.

    "I am very pleased to have someone of Alex Masetti's caliber and business experience join MTI," said Joseph C. Muscari, Chairman and Chief Executive Officer. "Alex's main focus will be on continuing the growth of Paper PCC, our largest business unit, through geographic expansion and new product innovation."

    Mr. Masetti will succeed D.J. Monagle, III, Chief Operating Officer, Specialty Minerals Inc. and Minteq Group, who was named to that position in February of 2014. In his new position with Minerals Technologies, Mr. Masetti will be responsible for the operation of the company's 60 precipitated calcium carbonate (PCC) plants located on site at paper mills around the world.

    Mr. Masetti joined Air Products in 1981 as an Applications Engineer and was promoted to positions of increasing responsibility. In 1990, he was named Vice President, Gases Division of San Fu Chemical Company Ltd., a joint venture with Air Products. He was appointed Global Marketing Manager for the Electronics Division in 1994; Vice President of Daido Air Products Electronics in 1997; Director of Investor Relations in 2000; and Regional Vice President, Tonnage Gases North America in 2004. In 2009, he was named Vice President, Continuous Improvement Center of Excellence.

    He holds a Bachelor of Science degree in Mechanical Engineering from Lafayette College in Easton, Pennsylvania, and a Masters of Business Administration from Lehigh University in Bethlehem, Pennsylvania.
    (MTI Minerals Technologies Inc.)
     
    30.03.2015   Sappi Europe to increase uncoated woodfree prices in April    ( Company news )

    Company news Today’s cost structure, declining margins and hence low levels of profitability makes a price increase inevitable and as a result Sappi Europe will increase all uncoated fine papers (cut size, folio and reels) by 5-8% as from 1st April 2015.

    The increase will depend on region specific circumstances.

    Our customers will be personally informed by our sales managers who will provide them with any information they may require.
    (Sappi Europe S.A.)
     
    30.03.2015   New Water Treatment Plant at Lecta's Zaragoza Mill    ( Company news )

    Company news The 3.5 million euro investment in a new biological wastewater treatment plant results in a significant improvement in the quality of the water returned to the environment

    Lecta has successfully completed a new phase in its ambitious investment plan at its Zaragoza mill, totalling some 23 million euros, aimed at reducing its environmental impact. Lecta’s goal is that the Zaragoza site become a benchmark for sustainability in the paper industry.
    Following the installation of two new electrostatic precipitators in the mill’s recovery boilers, resulting in a 74% reduction in solid particle emissions, Lecta has started up a biological water purification plant with excellent results. In the first few months, there has already been a drastic reduction in effluent load, with values far below the legal limits. Chemical Oxygen Demand (COD) values were cut nearly in half, Total Suspended Solids (TSS) have decreased by 36% and in the case of Biochemical Oxygen Demand (BOD5), the decrease was even more pronounced: 72% compared to the average observed in 2013.
    Zaragoza is Lecta’s only integrated mill, manufacturing both pulp and paper with a total production capacity of 500,000 tons of pulp, coated paper, uncoated paper and base paper for specialty products.
    (Lecta Group)
     
    30.03.2015   Valmet to rebuild Turkish Hayat Kimya's tissue machine for improved product properties and ...    ( Company news )

    Company news ... runnability

    The Turkish tissue producer Hayat Kimya has previously ordered five tissue machine lines from Valmet in the past eight years. Valmet-supplied tissue machines TM 2, 3, 4 and 5 are already producing high quality paper with high capacity and speed, while TM 6 will start-up in 2016.

    Hayat Kimya has decided to rebuild their first tissue machine TM1 with the well performing Valmet Advantage DCT technology. This means that all production assets in their machine fleet will be equipped with Valmet's technology. The rebuild will increase energy efficiency, improve product properties as well as performance, runnability and work environment. TM1 is located at Hayat Kimya's mill in Yeniköy, near the city of Izmit in Turkey. The start-up of the rebuild machine is scheduled for November 2015.

    The order is included in Valmet's first quarter, 2015 orders received. The value of the order will not be disclosed.

    "We are very satisfied with the operations of our previous Valmet machines so it was a natural decision to go with Valmet also this time" says Lütfi Aydin, Director, Paper Group, Hayat Kimya.

    "Through the years Hayat Kimya has achieved excellent results with the Advantage DCT technology. We are proud to continue our good relationship and convinced that also this project will be a success," says Björn Magnus, Sales Director, Tissue Mills Business Unit, EMEA, Valmet.

    Technical information
    The machine rebuild includes the replacement of existing press section with an Advantage ViscoNip press for improved product quality and decreased energy consumption. To further increase energy efficiency the tissue line will be equipped with a new Advantage AirCap hood as well as an upgrade and optimization of the Cogen Airsystem. The existing dust system will be upgraded to Advantage WetDust to improve the work environment and safety. A new tail threading system and sheet transfer including Advantage Run will further advance runnability and performance.
    (Valmet Corporation)
     
    27.03.2015   The forest industry in 2014: Situation in main European markets remains challenging - ...    ( Company news )

    Company news ... forest-based sector announces substantial investments into Finland

    The eurozone's economic situation remained unstable in 2014. The decrease in demand for paper products slowed somewhat in the forest industry's main European markets. Demand for sawn timber and plywood increased. Aggregate forest industry exports remained almost level with the previous year.

    “We expect the next government to make decisions that strengthen the forest industry's operating environment. It is imperative that the new government makes a commitment to avoid any industrial cost increases and cuts unnecessary red tape. If this does not happen, the gap between Finland and our competitor countries will continue to grow,” says Timo Jaatinen (photo), Director General of the Finnish Forest Industries Federation.

    More needs to be spent on transport route maintenance and repairs. In addition to the basic route network, also the lower-tier roads must be kept drivable so that timber can be delivered efficiently from forests to factories.

    “Ensuring an adequate and steady supply of timber is an essential factor in the forest-based sector's investment considerations. Demand for timber is forecast to increase by ten million cubic metres. State subsidies should not steer processable timber into energy use because this competes with real and growing market-based demand,” Timo Jaatinen underlines.

    Flexibility at the workplace and modernised collective labour agreements are also required for the forest industry's regeneration.
    Paper demand continued to fall, pulp and paperboard production almost unchanged

    Some 10.4 million tonnes of paper and paperboard was produced in Finland last year, about 1.7% less than in 2013.

    Demand for printing and writing papers continued to decline in the developed markets. Finland produced almost 6.1 million tonnes of printing and writing papers in 2014. This is 3.4% less than in the previous year.

    Production of packaging paperboard increased somewhat in 2014, thanks to a rising market for packaging materials. An annual growth rate of 0.6% was recorded.

    Finnish pulp production decreased slightly compared to the previous year and came to some 7 million tonnes. The reduction from 2013 amounted to 0.9%.
    Sawn timber and plywood production increased from 2013

    There is still little sign of an upturn in construction activity on the domestic market, which is important for wood products. There was growth in exports of sawn timber to Europe's large destination markets the UK and Germany as well as to countries in North Africa and the Middle East in January-November.

    Almost 10.9 million cubic metres of sawn softwood timber was produced in 2014, up 4.6% from the previous year. Plywood production has grown an estimated 6% to almost 1.2 million cubic metres.
    Bioproduct factory being planned, world's first wood-consuming biorefinery completed

    The forest-based sector is planning or preparing for investments in Finland that are worth about €1.5 billion in total.

    A plan to build a bioproduct factory in Äänekoski worth some €1.1 billion was announced last spring – this was the largest such investment announced up to that date. A decision concerning the realisation of this investment is expected in spring 2015.

    The world's first biorefinery, which makes wood-based renewable diesel, was completed in Lappeenranta. It commenced commercial production operations in January 2015.

    A project to expand the Kymi pulp mill was launched in 2014 and it is scheduled for completion this year.

    A fine-paper machine in Varkaus is being adapted to manufacture raw materials for paperboard packaging. The conversion should be completed in 2015.

    A new €43-million investment into a wood construction module production line in Varkaus was announced in February 2015. The plan is for production to commence in the second quarter of 2016.
    (Metsateollisuus ry - Skogsindustrin rf / FFIF Finnish Forest Industries Federation)
     
    27.03.2015   FEEDER INNOVATION COMES FULL CIRCLE TO REVOLUTIONISE DIGITAL ...    ( Company news )

    Company news ... BOX PRINTING SOLUTIONS

    Picture: Lead Edge Feeder

    The very first product launched by SUN Automation Group® 30 years ago, the Extend-O-Feed® Lead Edge Feeder, has come full circle - the latest state-of-the-art model plays an integral part in the Group’s unique new CorrStream® digital printing solutions.

    SUN Automation has its roots in providing the corrugated industry with quality, efficiency and value. The company originally revolutionised feeding with increased speed, reduced feed roll crush and jam-free operation. With over 7,000 installs around the world, the SUN Automation Lead Edge Feeder laid the foundation for quality and consistency.

    Rob Dal Lago, SUN Automation General Manager, EMEA explained: “It’s a testimony to the strength, reliability and continuous improvement of our engineering that the feeder systems are so well respected, on both OEM equipment and as retrofits.”

    SUN Automation has applied the same level of innovation and attention to detail used in the development of the Lead Edge Feeder, to the refinement of its class leading range of CorrStream high output single pass, drop on demand inkjet print solutions. An in depth understanding of box makers’ needs enables the company to add significant value to the corrugated sector, reducing the cost of printing, for example, up to 4,000m2 batch runs, and putting plants back in control of production efficiency and profitability.

    Sean Moloney, Global Product Manager for Digital at SUN Automation, said: “We’ve utilised several years of development to present an industrial inkjet solution to the corrugated industry. Combining the latest inkjet technology with our expertise in corrugated sheet handling, CorrStream reduces cost by migrating low end runs from Flexo, while meeting new market demand and opportunity.”

    SUN Automation’s CorrStream is equipped with the trusted Lead Edge Feeder, pairing established equipment with innovative technology. Moloney continued: “SUN Automation’s Lead Edge Feeder is part of CorrStream’s eco system. CorrStream’s print engine has the ability to provide industry-changing up time, reliability, unprecedented print flexibility and control. We want to help box plants discern where digital corrugated fits within their plants and markets and are highly fortunate to have such a legacy in our product listings whilst we work to place inkjet technology into high output, wide format applications.”

    Well established technology supporting new innovation and value is positioning SUN Automation at the forefront of a new era in the corrugated industry.
    (Sun Automation Group)
     
    27.03.2015   Schumacher Packaging brings its first fanfold corrugator into service in Greven    ( Company news )

    Company news Multifunction corrugator produces sheets and fanfold in parallel operation

    The Schumacher Packaging Group has put a new multifunction corrugator into operation at its Greven plant. The official start date for production at this newly-constructed, ultra-modern plant near Münster-Osnabrück airport was in June 2014. Since then, the plant has been producing corrugated cardboard on its new 2.5m-wide, state-of-the-art equipment and converting it into packaging. This has provided the company with the capacity to produce all popular types of corrugated packaging on the doorstep of its customers in Northern and Western Germany and the Benelux area. A special feature of the equipment is its ability to produce fanfold corrugated. In addition to a conventional printing unit, the corrugator also has a sleeve printing unit for preprint which enables two-colour full-surface or continuous printing on all grades of corrugated board. The machine, which was custom-built for Schumacher Packaging, is also capable of producing laminated sheeting and corrugated board simultaneously.

    As Uwe Kihm, Works Manager at Greven, commented: “Our new corrugator represents a first for the Schumacher Packaging Group, because it is the first of all our corrugators to produce fanfold board.” This type of corrugated board is traditionally of great benefit for packaging items such as furniture and other large, bulky goods. “But we are also seeing a marked increase here particularly in e-commerce,” he continued. “Instead of having to despatch orders in oversized standard boxes, using continuous fanfold corrugated means goods can be individually packaged to suit the exact needs and size of the products. Not only does this make packed goods easier to handle, but bespoke packaging also offers better protection and greatly reduces the amount of filling and padding material required, which ultimately saves on both volume and costs.”

    This machine is also capable of producing conventional corrugated board and laminated sheeting in parallel operation. Laminated sheets are only closed on one face as the fluting on the reverse face remains open. This single-faced sheeting is used by litho-laminating packaging plants, where the offset printed outer liner is laminated and converted into packaging. The plant in Greven brings the number of high-performance corrugating plants currently operated by Schumacher Packaging to a total of four – two in Germany and two more in Poland.
    (Schumacher Packaging GmbH)
     
    27.03.2015   Letter of intent for the detailed engineering of Metsä Group's bioproduct mill has been signed    ( Company news )

    Company news On 20 March 2015, Metsä Fibre Oy signed a letter of intent for the detailed engineering of its planned bioproduct mill with Sweco Industry Oy and Sweco Rakennetekniikka Oy. Final delivery contracts will be signed if Metsä Fibre decides to build the mill. If the prerequisites for the investment are met, the decision on the construction of the bioproduct mill will be made this spring.

    According to the letter of intent, Sweco Industry Oy and Sweco Rakennetekniikka Oy will be responsible for layout, mechanical and piping engineering as well as civil engineering. In the project, Neste Jacobs Oy will be the partner for Sweco. The detailed engineering work will have an employment impact of about 200 person years of which 100 per cent will be of Finnish origin.
    (Metsä Fibre Oy)
     
    27.03.2015   Speedmaster XL 75 Anicolor from Heidelberg now also available as a perfecting press with ...    ( Company news )

    Company news ...UV technology

    -Anicolor as a long perfecting press – extremely flexible
    -Anicolor and UV printing – versatile finishing effects and fast, cost-effective manufacturing
    -Anicolor in general – cost-effective production of short runs



    Visitors to the Heidelberg Info Days “Profitable and efficient production of short runs” at the Wiesloch-Walldorf site enjoyed not one, but two world premieres. Held at the beginning of March, the event in Hall 6 showcased an eight-color Speedmaster XL 75 Anicolor perfector and a five-color Speedmaster XL 75 Anicolor with coating unit and UV technology. In doing so, Heidelberger Druckmaschinen AG (Heidelberg) demonstrated two further configuration levels of its Anicolor technology for the cost-effective production of short runs. The Speedmaster SX 52 Anicolor has been available as a perfecting press since 2008 and as a UV press since 2010.

    The Speedmaster XL 75 Anicolor celebrated its premiere at drupa 2012 and, since then, has proved its worth to commercial and, in particular, packaging printers. In small and medium formats, the zoneless Anicolor technology impresses with rapid inking-up that produces saleable sheets from the 20th print sheet onward. Users say it reduces waste by up to 90 percent and supports very short make-ready times.
    (Heidelberger Druckmaschinen AG)
     
    27.03.2015   The State of the Art    ( Company news )

    Company news Picture: The latest innovations and product improvements from Pallmann at LIGNA 2015. (Photo: PALLMANN Group, PLMPR032)

    Pallmann, one of the world's leading manufacturers of machines and wood yard systems, will be at LIGNA 2015, the world's leading trade fair for the forestry and woodworking industry, where it will present innovative developments and product improvements.

    Pallmann can be visited at Stand E 35 in Hall 27.

    It will be highlighting various products, including its new state-of-the-art PZSC Knife Ring Flaker. Measured across the available cutting length of the knives in the knife ring, it is the world’s biggest ring flaker. In its knife ring and impeller, the PZSC uses the tried and tested counter-rotating principle to convert wood chips into high grade flakes of uniform size and consistent quality. The counter-rotating principle also ensures that equal use is made of all wearing parts. The flakes can then be used to manufacture particleboard, pellets and briquettes.

    Pallmann will also be showing off a number of other machines at LIGNA, including its new Disc Chipper, type PHS 30H12, which is the most efficient machine of its kind in the Pallmann range. This chipper makes high quality chips from round wood, which can be used for a variety of purposes, such as the manufacture of fibres for the MDF- or paper industry. The ability to change the knives more quickly reduces downtime when wearing parts are replaced – which means less time wasted. The machine was specially developed for the MDF and paper industry, which requires high and consistent material throughputs.

    For the MDF sector, Pallmann will also be showing off a new maintenance-friendly bearing concept for the feed unit used in its Pressurized Refiner, type PR. This concept makes it possible to replace individual components without having to take the whole unit apart.

    Pallmann is looking forward to this year’s fair and welcoming both new and returning customers to its stand.
    (Pallmann Maschinenfabrik GmbH & Co KG)
     
    27.03.2015   Pro-Fibre - Transforming paper pulp    ( Company news )

    Company news Using prototype technology, we are trialling a new process that creates pulp from contaminated domestic paper for use in the construction, packaging and moulded fibre industries.

    According to the latest available data, the UK recycles approximately 8 million tonnes of waste paper. This represents around 70% of the paper we throw away, but what happens to the rest?

    Many different types of paper are rejected from recycling facilities because they have been contaminated with glass, sand, plastic, metal or, most frequently, food or grease. This could be due to the intrinsic nature of the paper, such as pizza boxes or takeaway lids. Or it could be that the paper has been discarded with general household waste. This contaminated paper is then sent to landfill or energy recovery facilities. But although it requires more processing to remove these contaminants, the high fibre content of the paper means it can still have a commercial value.

    Our solution extracts the value from this paper source while reducing its environmental impact. Pro-Fibre is paper pulp produced from contaminated paper. The five-step process we have developed enables us to remove contaminants and create a pulp that can replace virgin materials currently used in the construction and packaging industry, including insulation materials and biodegradable pots.

    We are working closely with a partner specialising in the fibre industry, to analyse the properties of our pulp so we can better understand the product’s commercial potential. We are also investigating potential uses for the pulp such as cellulose wadding for insulation and biodegradable pots. The first batch of pulp will be launched to market early 2015.
    (Veolia Environmental Services (UK) Plc)
     
    27.03.2015   Schur is building Europe's most modern folding box plant    ( Company news )

    Company news Schur Pack Germany is currently building Europe's most modern high-tech folding box facility and is massively investing in a new location. A 28,000 square metres plant is presently being constructed, the likes of which cannot be found anywhere else in Europe to date. Thanks to this investment of almost 70 million euros, Schur would like to extend its competitive edge and sets a clear example for folding boxes "Made in Germany".

    The new facility and the associated massive investments in the new plant at the future Business Park A24 location, has the purpose of providing a positive and, most importantly, sustainable corporate development for Schur Pack Germany within Europe. With the decision for a new company location and the corresponding enormous investment volume in new buildings and machines, the packaging specialist also sends out a clear signal for the production and business location Germany.

    "The outstanding efficiency and the new quality standards that are offered by our plant are simply unique. Most notably, for our customers this means: outstanding quality, highest hygiene standards and shortest delivery times. With this, we come even closer to our customers," says Klaus Madsen, Managing Director at Schur Pack Germany.

    Schur Pack Germany has been very well received at the new Business Park A24 location. The cooperation with the local communities and the responsible authorities and institutes, which work in a highly structured and professional manner, is very much appreciated by Schur. The assistance offered by all of them and the rapid response times are important prerequisites for the success of the whole project.

    Customers and Markets in Focus
    To satisfy the growing customer requirements regarding quality and reduced delivery times, a majority of the entire investment goes into new production equipment. "Our new plant has the highest possible degree of automation available on the market. We are particularly proud of our fully-automated high-bay warehouse," says Andreas Lührs, Plant Manager at Schur Pack Germany.

    Due to the high investments in state-of-the-art printing and processing machines, the packaging specialist Schur is also extending its portfolio of products. Apart from the printing quality, which is once again increased, innovative finishing technology, like hot and cold foil is now also available for the customers.

    In addition to this, AGV's (Automated Guided Vehicles) ensure efficient flow and production processes. "We completely utilise the possibilities offered by cutting edge intra logistics in the new plant and guarantee optimised work processes for our customers to realize shortest delivery times,“ explains Jan Bollweg, Operations Manager at Schur Pack Germany. Here, many of the complex intra logistics challenges are solved in cooperation with the affiliated company Schur Packaging Systems AB in Sweden.
    Energy Efficiency
    The new high-tech plant also sets entirely new standards with regard to energy efficiency. Here, the complete construction is supplied entirely with regenerative sources of energy and no fossil fuels are required in the entire building.
    (Schur Pack Germany GmbH)
     
    26.03.2015   Lenzing Group: Operating Results in 2014 Exceed Expectations, Higher Cost-Saving Targets ...    ( Company news )

    Company news ... Achieved

    -Dividend proposal: EUR 1.00 per share
    -Record sales volumes against the backdrop of declining fiber selling prices
    -Countermeasures have a positive impact and improve operating results

    Photo: Robert van de Kerkhof, Chief Commercial Officer of the Lenzing Group

    Ongoing strong demand enabled Lenzing to achieve a new record sales volume of 960,000 tons (+ 8%) in the 2014 financial year against the backdrop of a further drop in fiber selling prices and a very challenging market environment once again. Operating results could be substantially improved thanks to the implementation of the excelLENZ program and its subsequent intensification. The Management Board will propose to the Annual Shareholders’ Meeting that a dividend of EUR 1.00 per share (2013: EUR 1.75 per share) be distributed to shareholders for the 2014 financial year.
    In the 2014 financial year, consolidated revenue fell slightly by 2.3% to EUR 1.86 bn from EUR 1.91 bn in the previous year. The main reasons for this development were the sale of the Business Unit Plastics in the course of 2013 as well as the average fiber selling prices of the Lenzing Group, which once again fell by about 8% during the year under review to EUR 1.57 per kilogram. On a like-for-like basis of continuing operations, consolidated revenue remained at a constant level (up 0.3% from EUR 1,859.0 mn in 2013 to EUR 1,864.2 in 2014).

    Countermeasures have a positive impact
    In spite of the low prevailing selling prices, Lenzing generated a significant improvement in its operating results. EBITDA¹ (earnings before interest, taxes, depreciation and amortization) of the Lenzing Group rose by 24.0% from the challenging 2013 financial year from EUR 193.9 mn to EUR 240.3 mn. The EBITDA margin² climbed to 12.9% (2013: 10.4%). This substantial rise in earnings can be attributed to massive cost savings achieved within the context of the excelLENZ progam, improvements in the product mix and the new TENCEL® fiber production plant in Lenzing accompanied by an overall leaner organizational structure.
    “Our cost reduction program led to savings far in excess of EUR 100 mn in 2014“, says Peter Untersperger, Chief Executive Officer of the Lenzing Group. “We will generate structural and sustainable savings of about EUR 160 mn p.a. by 2016, about double the amount as originally budgeted. The operating results in 2014 show that Lenzing is well on track to assume cost leadership in the man-made cellulose fiber industry again”.
    About one quarter of the cost reductions involved personnel expenses, with remaining cost decreases equally relating to reductions in material costs and operating efficiency improvements as well as cost reductions in general administrative expenses.

    Value adjustments negatively affect EBIT and annual result
    Due to the changed medium-term viscose fiber selling price expectations, write-offs in the valuation of goodwill, property, plant and equipment and other intangible assets was carried out for the subsidiaries PT. South Pacific Viscose (Indonesia) and Lenzing Nanjing Fibers (China) to the amount of EUR 94.0 mn. Accordingly, earnings before interest and taxes (EBIT) fell to EUR 21.9 mn from the prior-year EBIT of EUR 58.6 mn. As a result of these non-recurring non-cash effects, the Lenzing Group reported a net loss of EUR 14.2 mn in 2014.

    Market environment requires further countermeasures
    “We also do not anticipate any far-reaching price recovery in 2015“, says Robert van de Kerkhof, Chief Commercial Officer of the Lenzing Group. “The massive drop in oil prices put downward pressure on polyester prices, which in turn additionally burdened viscose fiber prices. This was accompanied by cotton inventories bursting at the seams and ongoing surplus production capacities of China’s viscose fiber industry. In addition to cost optimization measures, we will focus more intensively on promoting our high quality specialty fibers, in particular TENCEL® and Lenzing Modal®,” he adds.
    By leveraging the price premiums of TENCEL® and Lenzing Modal® compared to standard viscose fibers and due to currency effects, Lenzing fiber selling prices rose once again in the fourth quarter of 2014 for the first time compared to previous quarterly periods. The successful ramp-up of the TENCEL® jumbo fiber production plant at the Lenzing site in Upper Austria in the second half of 2014 made a major contribution to this development. The new TENCEL® fiber plant with an annual capacity of 67,000 tons is the world‘s largest and most technologically advanced of its kind, and secures 140 top quality jobs at the Lenzing site.

    Reduction in net financial debt
    “On the basis of active cash management, we succeeded in reducing the net financial debt in 2014 to EUR 449.5 mn from EUR 504.7 mn at the end of 2013. Lenzing can point to a very healthy balance sheet, featuring a net gearing of 42.2% and an adjusted equity ratio of 44.9%“, says Chief Financial Officer Thomas Riegler, commenting on the consolidated financial statements for 2014.
    Investments in intangible assets, property, plant and equipment (cash CAPEX) were significantly cut back in the 2014 financial year to EUR 104.3 mn (2013: EUR 248.7 mn incl. Business Unit Plastics). The focal point of the investment activity was completion of the TENCEL® fiber production plant at the Lenzing site as well as efficiency and modernization investments in the fields of energy and fiber production.

    Outlook for 2015
    The difficult economic environment affecting the fiber industry hardly changed in the first weeks of 2015 compared to the third and fourth quarters of the year under review. The difficult market environment on the market for standard viscose fibers is expected to continue in 2015.
    From an operational perspective, a further improvement of the product mix in the textile segment, especially increasing specialty sales such as Lenzing Modal® and TENCEL® fibers will be at the heart of Lenzing’s efforts. The company started the new financial year registering dynamic demand for TENCEL®.
    The Lenzing Group is striving to further consolidate its global competitive positioning by strengthening the commercial organization, resolutely continuing its excelLENZ program in 2015 and by restructuring the technical areas.
    (Lenzing AG)
     
    26.03.2015   Petri Helsky starts as the CEO of Metsä Tissue on 16 April    ( Company news )

    Company news Petri Helsky, M.Sc (Chem. Eng.), M.Sc (Econ), 48, will start as the CEO of Metsä Tissue Corporation and as a member of Metsä Group’s Executive Management Team as of 16 April 2015.

    Metsä Group published a stock exchange release concerning Helsky’s appointment on 12 January 2015.
    (Metsä Tissue Corporation)
     
    26.03.2015   Lessebo Paper AB delivers a solid 2014 result    ( Company news )

    Company news Lessebo Paper AB had a solid 2014 translating in a turnover of 320 million SEK and a 14.8 million SEK profit.
    This strong performance has been the result of a continued focus on efficiency and high quality products.
    In addition, the continuous improvement program has lead to a number of upgrades being realised in the second half of 2014.
    The mill’s loyal customer base, and the above improvements have lead to a positive development in the sales of the two main product areas in all markets.
    Managing Director Terje Haglund comments: “Our focus on Lessebo’s core products of premium offset and coloured papers has been paying off.
    2015 has started well and the outlook for the full-year is very favourable with Lessebo’s products entering into new markets”.
    (Lessebo Paper AB)
     

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