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Newsgrafik #119193
 20.02.2018

OPPORTUNITIES, CHALLENGES AND CELEBRATIONS! - FINAT'S 2018 agenda  (Company news)

This year’s calendar of events and supporting activities offered by the international association for the label and sleeve markets, FINAT, is a full one. It reflects, and addresses, the complex and ever-changing opportunities and challenges in the overall world of packaging today for the benefit of the FINAT membership which, in itself, is a diverse web of companies, from raw material suppliers through inks, printing and application machinery, to converters and contract packers.

Tackling the technical challenges
First on this year’s agenda of international events is the FINAT Technical Seminar – a two-yearly event which attracts high attendances for its astute combination of all the key elements of commercial label production today. Taking place in Barcelona on 7-9 March, this year’s seminar addresses a broad range of topics for printers and converters. Setting the context, keynote speaker Andy Hobsbawm, founder of smart products platform EVRYTHNG, will provide a leading-edge insight into the IoT, and how ‘smart’ products transform brand relationships, business operations, and service experiences.

The programme will go on to address choosing an MIS supplier; the digital print technologies – both stand-alone and in combination with flexo; workflow automation; inks and decoration techniques; and facestocks and finishing. As well as the formal presentations, the seminar will feature parallel troubleshooting workshops where participants can address two arenas of current technical focus and relevance: the flexible packaging and sleeving technologies, and multi-layer, peel-and-reveal label constructions. The event’s accompanying tabletop exhibition and social programme also, of course, offer exceptional opportunities for networking across the extended label industry value chain.

European Label Forum
FINAT’s annual industry event, the European Label Forum, travels this year to Dublin, Ireland, 6-8 June. As in previous years, the program covers a range of issues relevant to the European labels and narrow web packaging industry. Topics on this year’s agenda include the European label industry after Brexit, diversification of the labels and narrow web industry, intelligent packaging, talent development, total cost of ownership of the different printing technologies, the state of affairs in digital label printing, the latest innovations in brand protection, online marketing of your company, as well as the impact of upcoming legislation in food compliant packaging as well as serialization and tamper evidence. Keynote speakers confirmed include TV commentator and spokesman of former British PM Tony Blair, Alastair Campbell, founder of XYZ University, author and expert on intergenerational issues in companies Sarah Sladek, and Professor Noreena Hertz, author, visionary economist, decision-making guru and author with an impressive track record in predicting global trends.

FINAT International Label Competition
The ELF also provides the platform for the prize presentations in the 2018 FINAT International Label Competition. This long-established and prestigious competition – now accepting entries, but closing 23 March (link to entry form) – features a number of technical and marketing/end use categories. For the first time this year, it includes flexible packaging – since it is now an additional option offered by many label converters.

The competition creates a ‘shop window’ of the label industry, and brings recognition and international press coverage for winning companies.

Succession planning
A third live event on the FINAT calendar takes place on 5-7 September in Bucharest, Romania: the FINAT Global Young Managers’ Congress 2018. This creative FINAT initiative represents an opportunity for younger-generation print managers across the globe – whether FINAT members or not – to come together to focus on management skills development in the fast-moving packaging print arena, where a continuing flow of new-generation expertise is essential for the industry’s future.

Technical webinars
Throughout the year, FINAT will host a programme of free-to-attend webinars for members, focussed on technical and recycling matters. Scheduled subjects include intelligent packaging, self-adhesive label dispensing, and RecyClass – the recyclability tool for plastic packaging offered by Plastic Recyclers Europe. One of the subjects covered is the circular economy strategy for plastics, being one of the major substrates for labels, with a webinar dedicated to the general recycling strategy, followed by more detailed webinars on best practices for packaging and label design, and new label marker technologies for better polymer sorint at the recyclers.

On the FINAT RADAR
The association’s website is also home to in-depth market research, published twice a year for the benefit of members in the FINAT RADAR. The summer 2018 edition will feature detailed statistics on the European labelling industry, and the year-end edition will focus on brand owners.

Celebrations!
Confirmation of the high levels of service FINAT has provided to its members is the fact that the association will be celebrating its 60th anniversary in November 2018. Officially established in 1958, FINAT represents unique historical documentation of the self-adhesive label industry from its inception, and is now supporting, and promoting that industry’s ever-widening profile in the world of packaging.
(FINAT)

Newsgrafik #119298
 20.02.2018

Domtar Financial Report: Q4 and Fiscal Year 2017  (Company news)

Our preliminary financial report for fourth-quarter and fiscal year 2017 is in. Highlights from this Domtar financial report include:
-Fourth quarter 2017 net loss of $5.42 per share; earnings before items listed below of $0.64 per share
-Price increases announced for pulp and several uncoated freesheet grades
-A 4.8 percent dividend increase

Quarterly Review
Domtar reported a net loss of $340 million ($5.42 per share) for the fourth quarter of 2017 compared to net earnings of $70 million ($1.11 per share) for the third quarter of 2017 and net earnings of $47 million ($0.75 per share) for the fourth quarter of 2016. Sales for the fourth quarter of 2017 were $1.3 billion.

Excluding items listed below, Domtar reported earnings of $40 million ($0.64 per share) for the fourth quarter of 2017 compared to net earnings of $65 million ($1.03 per share) for the third quarter of 2017 and net earnings of $47 million ($0.75 per share) for the fourth quarter of 2016.

Operating loss was $512 million in the fourth quarter of 2017 compared to operating income of $89 million in the third quarter of 2017. Depreciation and amortization totaled $82 million in the fourth quarter of 2017.

Excluding items listed below, operating income was $59 million in the fourth quarter of 2017 compared to a net operating income of $83 million in the third quarter of 2017.

Fourth Quarter 2017 Items:
-Non-cash goodwill impairment charge associated with Personal Care of $578 million ($573 million after tax)
-Closure and restructuring costs of $2 million ($1 million after tax)
-Deferred tax benefit of $186 million related to the U.S. Tax Cuts and Jobs Act of 2017 (U.S. Tax Reform)
-Net gain on disposal of property, plant and equipment of $9 million ($8 million after tax)

“As expected, higher maintenance and seasonally higher operating costs impacted our fourth quarter Pulp and Paper results,” said John D. Williams, President and Chief Executive Officer. “Nevertheless, pulp price realizations were higher, and we shipped record volumes of tissue grade and fluff pulp. Recently announced price increases across a number of pulp and paper grades are expected to drive continued momentum into 2018.”

Commenting on Personal Care, Williams added, “While we had good results in 2017, we have concluded that the performance of our Personal Care business will continue to be impacted by an increasingly competitive market. We remain optimistic about the long-term growth trajectory of the absorbent hygiene market; however, this increasingly competitive market will negatively impact our sales, and we expect the environment to remain challenging for the foreseeable future. Importantly, the goodwill impairment charge is non-cash. It does not alter our current financial flexibility, and our overall cash generating capabilities remains strong.”

Fiscal Year 2017 Highlights
As a result of its annual goodwill and indefinite life intangible assets impairment tests, Domtar recorded a non-cash goodwill impairment charge of $578 million associated with Personal Care. Growing competitive market pressures in the healthcare and retail markets over fiscal year 2017, including the entry of new competitors in the private label category, excess industry capacity and the decline of healthcare spending by governmental agencies, are expected to result in lower than previously anticipated sales and operating margins. In light of this weakened market outlook, our current business forecast was not sufficient to support the carrying value of the goodwill associated with Personal Care, leading to the impairment.

Commenting on the fiscal year 2017 results, Williams said, “We generated nearly $450 million of operating cash flow and continued our solid track record of rewarding shareholders with a high payout ratio while maintaining financial flexibility. Our performance, combined with our confidence in our cash flow generating capabilities, enables us to announce a 4.8 percent dividend increase. Looking ahead, we remain focused on maximizing long-term profitability and value creation.”

Outlook
In 2018, costs, including freight, labor and raw materials, are expected to marginally increase. Our paper shipments should benefit from expected industry capacity closures, while paper prices should improve following the recently announced price increases and pulp will benefit from volume growth in fluff. Personal Care is expected to be negatively impacted by an unfavorable tender balance, resulting in lower volume and operating margins.
(Domtar Inc.)

Newsgrafik #119300
 20.02.2018

XcelLine from Voith: Highest performance from the full-line supplier for tissue production  (Company news)

-Increase in demand for XcelLine tissue machines since 2015
-Outstanding technology coupled with easy use
-Voith is a full-line provider, from financing to service

Photo: In October, Voith Paper completed the commissioning of the new XcelLine tissue machine VTM 3, which will be delivered to the tissue and special paper manufacturer Little Rapids Corporation, located in Shawano, Wisconsin, USA.

The XcelLine paper machines from Voith make the production of tissue paper significantly more efficient. Since 2015 customers around the world have purchased over 20 machines, including the world’s fastest tissue machine with a steam-heated dryer hood.

Just at the end of August 2017, The Navigator Company, one of the leading pulp and paper manufacturers in Europe, signed a contract with Voith for the delivery of a new XcelLine machine for the production of tissue paper. Voith continues the success of their XcelLine with the machine, which will start production in the second half of 2018. Since 2015, the company has sold over 20 new machines to manufacturers of sanitary paper and received numerous orders for the modernization of machines with XcelLine components. A clear indicator that producers around the world are also expecting increased demand for tissue in the coming years. The global paper market study “World Paper Markets up to 2030” by Pöyry Management Consulting also confirms the upward trend. According to the study, the annual demand for tissue and hygiene products should increase by up to 2.9 percent worldwide.

The high demand for Voith XcelLine tissue machines proves the great trust in and satisfaction manufacturers have with the new generation of paper machines from Voith. After all, every component in the XcelLine is designed to ensure maximum efficiency with a minimum amount of energy used. Through faster production, for example. The new line for The Navigator Company is designed for an operating speed of 2,000 m/min. This is state-of-the-art technology. The equipment includes numerous components and systems which increase energy efficiency and user-friendliness, such as a Pluralis refining system, a MasterJet headbox, a steel EvoDry T Yankee dryer cylinder and an EcoHood T dryer hood. Delivery also includes Papermaking 4.0 functions, with the integration of the ComCore automation platform. These digital technologies make it possible to optimize machine efficiency, reduce energy costs and increase paper quality and process reliability. Above all, process stability is desired in many booming markets. “The demand for tissue is growing strongly in countries where manufacturers often have difficulty finding qualified employees. That is why we put great value on the simple and safe operation of our machines and also offer extensive training,” explains Dr. Martin Tietz, Global Product Manager Tissue at Voith.

The basic principles of the Voith engineers promise a smooth project course to the customer. Impressive success stories were the fast commissionings of four XcelLine machines at Lee & Man in China in 2017. There, it took only 4 days for the TM 12 to be able to produce at maximum speed. The TM 11 started up in a new record time as it took only 18 minutes from “stock on wire” to “paper on reel”.

The TM 16 for Cheng Loong in Taiwan, which went into operation in 2016, also set new technical standards. With a steam-heated dryer hood, it produces up to 2,001 meters of tissue every minute, making it the fastest machine of its kind. This steam-heated dryer hood is just one of many innovations from Voith which increase paper quality and manufacturing efficiency. Many of these developments have long since become standard in production for many tissue manufacturers. For example, the shoe press which other paper machine manufacturers either build under license or purchase directly from Voith.

Along with outstanding technology, good project management in the construction of new machines plays a crucial role for fast commissioning. The new VTM 3 for Little Rapids was able to go into production in October 2017, six days before the contractually agreed-upon date, while the machine’s downtime from paper to paper was just 30 days – that’s from the dismantling of the previous machine to the construction and startup of the new machine. In addition to this extraordinary performance, the second jumbo roll was already of marketable quality, and the machine reached its maximum operating speed within the first week of operation. “We are very proud of the teamwork from everyone involved to execute the new construction inside a very tight time frame. Furthermore, the performance we observed in this early phase of commissioning the machine is extremely promising, and we are optimistic that our customers will appreciate the additional capacity and improvements in quality we have achieved with this investment,” said Ron Thiry, Vice President and General Manager of Little Rapids Corporation.

The reason for the smooth commissioning and high customer satisfaction is largely the project and product management of the Voith engineers. Under the heading Process Line Package (PLP), customers can purchase a new machine practically ready to use. The package includes all the components and units necessary for operation, as well as extensive training for employees. Voith also offers solutions for financing a project. The Voith Corporation’s vast experience with major projects all over the world simplifies the creation of a tailored financing framework for customers. Voith will also accompany the entire lifecycle of an XcelLine machine with a broad range of services. Particularly with the OnSite Yankee Service, Voith offers numerous technologies which ensure extensive, reliable and quickly available service directly on site with a customer.

In the Tissue Technology Center in São Paulo, Brazil, Voith customers can get their hands on a modularly constructed test machine that covers the entire product range – from standard to structured premium grades. It is also equipped with a stock preparation and a water treatment system. New tissue products undergo targeted development and are brought to marketability with customized test series. For over 20 years, Voith has offered its customers unique opportunities for testing new technologies, thus reducing investment risks.
(Voith Paper GmbH & Co KG)

Newsgrafik #119301
 20.02.2018

KapStone Reports 2017 Fourth Quarter And Full Year Results  (Company news)

KapStone Paper and Packaging Corporation (NYSE:KS) reported preliminary results for the fourth quarter and year ended December 31, 2017.

As compared to 2016's fourth quarter, results for 2017's fourth quarter:
-Net sales of $859 million, up $81 million, or 10 percent
-Net income of $188 million, up $169 million, or 924 percent
-Diluted EPS of $1.90, up $1.71 per share, or 900 percent

Non U.S. GAAP financial measures for 2017's fourth quarter as compared to 2016's fourth quarter:
-Adjusted EBITDA of $136 million, up $44 million, or 48 percent
-Adjusted net income of $50 million, up $27 million, or 115 percent
-Adjusted diluted EPS of $0.51, up $0.27 per share, or 113 percent

As compared to the year ended December 31, 2016, results for the year ended December 31, 2017:
-Net sales of $3,316 million, up $239 million, or 8 percent
-Net income of $244 million, up $158 million, or 182 percent
-Diluted EPS of $2.47 up $1.59 per share, or 181 percent

Non U.S. GAAP financial measures for the year ended December 31, 2017 as compared to 2016's year:
-Adjusted EBITDA of $437 million, up $53 million, or 14 percent
-Adjusted net income of $130 million, up $23 million, or 21 percent
-Adjusted diluted EPS of $1.32, up $0.22 per share, or 20 percent

Matthew Kaplan, President and Chief Executive Officer, stated, "Eleven years ago, we began a journey to build a world-class paper and packaging company with the resources and skills of our largest competitors— that focused on maximization of stockholder value and that treated our customers and employees like a small, family-oriented company. On January 29, 2018, we announced signing a definitive agreement to be acquired by WestRock for $35.00 per share, subject to customary closing conditions, including KapStone stockholder approval. We believe this acquisition is a compelling transaction for our stockholders and an exciting development for both KapStone and WestRock."

Fourth Quarter Operating Highlights
Consolidated net sales of $859 million in the fourth quarter of 2017 were $81 million higher than 2016, reflecting higher prices for containerboard and corrugated products. Tons of paper sold in the paper and packaging segment increased to 731,000 tons during the fourth quarter of 2017 compared to 724,000 tons a year earlier. The Company's average mill selling price of $698 per ton in the fourth quarter of 2017 was higher by $81 per ton compared to the fourth quarter of 2016 due to the combined impact of higher export and domestic containerboard selling prices and kraft paper prices. Average mill selling prices were flat compared to the third quarter of 2017. Distribution segment sales increased by $14 million compared to the prior year quarter due to higher prices, partially offset by lower volume.

Net income of $188 million for the 2017 fourth quarter increased by $169 million compared to the 2016 fourth quarter. The current quarter includes a provisional tax benefit of $144 million associated with the passage of the Tax Cuts and Jobs Act on December 22, 2017. The tax benefit consists of a non-cash adjustment to re-measure deferred income tax liabilities at the new 21 percent federal statutory income tax rate compared to the prior 35 percent income tax rate.

Adjusted EBITDA for the fourth quarter of 2017 of $136 million increased by $44 million compared to the fourth quarter of 2016 as follows:
-$57 million due to higher selling prices,
-Higher sales volume of $3 million,
-Productivity improvements and cost savings of $10 million, and
-$6 million due to the impact of Hurricane Matthew in 2016, which did not recur.

These items were partially offset by:
-Higher compensation and benefit costs of $16 million,
-$7 million of higher planned maintenance outages, and
-Inflation of $8 million driven by higher OCC costs.

The effective income tax rate for the fourth quarter of 2017, when excluding the impact of the new tax law, was 31.4 percent compared to 32.6 percent for the fourth quarter of 2016.

Full Year Operating Highlights
Consolidated net sales for the year ended December 31, 2017, were $3,316 million, an increase of 8 percent, compared to 2016 sales of $3,077 million. The increase was due to higher prices, a better product mix and higher volumes in the paper and packaging segment. The Company's average mill selling price of $677 per ton in 2017 was higher by $54 per ton compared to 2016 due to the combined impact of higher export and domestic containerboard selling prices and kraft paper prices. Distribution segment sales increased by $31 million compared to 2016 due to higher prices, partially offset by lower volume.

Net income of $244 million for the year ended December 31, 2017 was higher than 2016's $86 million by $158 million. The increase was mainly due to a provisional tax benefit of $144 million based on the new tax law enacted on December 22, 2017.

Adjusted EBITDA for 2017 of $437 million increased by $53 million compared to 2016 as follows:
-$155 million due to higher selling prices,
-Higher sales volume and improved operating performance of $10 million, and
-$6 million due to the impact of Hurricane Matthew in 2016, which did not recur.

These items were partially offset by:
-$35 million of higher compensation and benefit costs,
-Inflation of $43 million driven by higher OCC costs, and
-Higher planned maintenance outage costs of $14 million.

The effective income tax rate for the year ended December 31, 2017, when excluding the impact of the new tax law, was 33.2 percent compared to 32.7 percent for 2016.

Cash Flow and Working Capital
Cash and cash equivalents increased by $17 million during the current quarter to $28 million at December 31, 2017. The Company generated $150 million of net cash from operating activities during the fourth quarter of 2017. Capital expenditures in the fourth quarter of 2017 were $30 million. The Company paid $10 million of dividends and made a voluntary debt repayment to reduce term loan borrowings by $80 million in the fourth quarter of 2017.

Cash and cash equivalents decreased by $1 million during 2017 compared to December 31, 2016, reflecting cash provided by operating activities of $325 million, $138 million for capital expenditures, and $34 million for a strategic investment to increase mill integration. Cash used by financing activities totaled $155 million reflecting $155 million of voluntary debt prepayments and $39 million of cash dividends paid to stockholders, partially offset by $39 million of net proceeds from the receivables credit facility.

At December 31, 2017, the Company had approximately $405 million of working capital and $486 million of revolver borrowing capacity.
(KapStone Paper and Packaging Corporation)

Newsgrafik #119302
 20.02.2018

Appvion Enters into Sale Agreement to Position Business for Long-Term Success   (Company news)

Appvion, Inc. (the "Company") announced that it has filed a motion in the U.S. Bankruptcy Court for the District of Delaware for approval of a stalking horse asset purchase agreement bid from a group of its lenders (the "Purchaser") to acquire substantially all of Appvion's assets in a sale process under Section 363 of the Bankruptcy Code.

"After evaluating options to address our capital structure and conducting extensive negotiations with our lenders, we determined that a sale would be the best path forward for Appvion," said Kevin Gilligan (photo), Chief Executive Officer of Appvion. "We expect that the sale process will be seamless for our stakeholders and will not disrupt our operations. This process will bring a timely and efficient conclusion to our restructuring and ensure that our company emerges as a healthier, financially-stable business poised to compete long term in the specialty paper market and further invest in the innovation that has made Appvion a market leader."

Gilligan continued, "We believe that launching the sale process with a going-concern offer from the Purchaser – a long-term lender to and supporter of our business – is the best option for Appvion. The transaction would maximize the value of our assets and create the optimal long-term outcome for our employees, customers, and vendors. Importantly, this transaction would result in a substantially deleveraged balance sheet for Appvion, upon which to continue executing our business strategy. We are confident that Appvion would be an even stronger partner to all of our stakeholders in the years to come as a result of this transaction."

The agreement with the Purchaser, which is subject to higher or otherwise better offers, provides a total consideration of $325 million plus the assumption of substantial liabilities. Pursuant to Section 363, Appvion intends to implement bid procedures to allow other qualified bidders the opportunity to submit competing bids through a court-supervised sale process.

The Court is scheduled to consider the proposed bid procedures on March 1, 2018. Appvion has requested authorization to proceed with an auction on April 23, 2018, provided the Company receives qualified overbids no later than April 19, 2018, at 4:00 p.m. (ET). The Company would then select the best bidder for the ongoing business at the conclusion of the auction, as applicable, and seek approval of the sale to the Purchaser, or the successful bidder, at a hearing shortly thereafter.

Interested bidders are encouraged to contact Alexander Rohan at Guggenheim Securities at (212) 823-6648.

As previously announced, on October 1, 2017, Appvion and certain of its subsidiaries filed voluntary Chapter 11 cases to facilitate a balance sheet restructuring and better position the business for long-term growth and success.

DLA Piper is serving as legal counsel to Appvion, Guggenheim is serving as the Company's investment banker, and AlixPartners is providing Chief Restructuring Officer services.
(Appvion Inc.)

Newsgrafik #119284
 19.02.2018

Durst launches P5 next-generation technology platform  (Company news)

Durst, a manufacturer of advanced digital printing and production technologies, has launched a new printing platform – the P5 series. The first member of the family is the large format printing flagship, P5 250 HS, with shipping starting from April.

The P5 250 HS is targeted towards high volume industrial production, as well as one-offs in offset quality. P5 relates to five core features at the heart of this technology: productivity, reliability, workflow, versatility and print quality.

The P5 technology consists of a series of new generation printers along with newly, in-house developed software and workflow solutions. The family also has state of the art, touch operation based userinterfaces and leading-edge remote service capabilities. Everything is aimed and streamlined to maximize performance and uptime of the printing family, along with unparalleled flexibility in media and job handling.

Durst’s iconic industrial design, which was originally developed by the famous Ottl Eicher, has gone a further step with the P5. A design studio from Munich canvassed opinions from many customers and operators with a view to integrating their wishes into a new concept. This has been achieved for the P5 – and feedback will be incorporated into many Durst product lines in the future.

When compared to the industry benchmark – Durst P10 250 HS – the new P5 is 70% more productive. Featuring latest MEMS nozzle plates powered by Durst proprietary data-path and electronics, the result is a high-speed printing system with ultra precise drop placement and industrial level reliability.

Durst P5 technology features:
- Print volume capability in two-pass mode up to 240 sqm/h and high resolution modes of 1200 dpi
- Offset printing quality with a drop-size of 5 pcl
- Durst Analytics information platform for pre-emptive maintenance and detailed machine and consumption data to guarantee maximum uptime
- Durst Workflow, which provides an in-house developed suite of applications custom tailored for Durst printers and with unique features - beyond ripping.

Christoph Gamper, Chief Executive of Durst Group, said: “The new P5 platform, including workflow software and advanced service tools, represents our key strategy to further invest into large format printing technology and further afield. We believe that there is a lot to explore in this market space and the P5 250 HS is our first statement. In an integrated world, printers need to change as well. With the P5 family we provide tools for change and profit – and our firm commitment to continue to lead the innovation in the large format market.”
(Durst Phototechnik AG)

Newsgrafik #119287
 19.02.2018

Stora Enso launches bio-based lignin as renewable replacement for oil-based phenolic materials  (Company news)

The launch of LineoTM by Stora Enso is another important step on the way to replacing fossil-based materials with renewable solutions. Lineo is available to companies seeking more sustainable, bio-based alternatives.

Lignin is one of the main building blocks of a tree and makes up 20-30% of the composition of wood. Yet it has traditionally been discarded by the pulp and paper industries. However, Stora Enso has recognised the potential of this versatile raw material, which can be used in a range of applications where fossil-based materials are currently used.

Lignin is a renewable replacement for oil-based phenolic materials which are used in resins for plywood, oriented strand board (OSB), laminated veneer lumber (LVL), paper lamination and insulation material.

Markus Mannström, Executive Vice President of the Stora Enso Biomaterials division, says, “Having increased our lignin focus in recent years, we’re delighted to launch Lineo. Lignin is a non-toxic raw material with traceable origin and stable cost structure, and bio-based Lineo is ideal for companies looking for alternatives to oil-based products. We believe that everything made from fossil-based materials today, can be made from a tree tomorrow.”

Stora Enso has been producing lignin at industrial scale since 2015 at its Sunila pulp mill in Finland. The mill’s capacity is 50 000 tonnes of lignin per year, making Stora Enso the largest kraft lignin producer in the world. Stora Enso is already selling Lineo to replace phenol, and the company is also looking at many other applications for this very versatile material.

A stable, free-flowing brown powder, Stora Enso’s lignin is separated during the kraft pulping process of Nordic softwood. Lineo has a high dry content, superior dispersibility and long storage time. With a higher reactivity and purity, Lineo is consistent from batch to batch and Stora Enso can supply different levels of dryness, according to customer demand.
(Stora Enso Oyj)

Newsgrafik #119289
 19.02.2018

Nippon Paper Industries Decides to Build a Demonstration Plant for New Functional Materials ...  (Company news)

... "MinerPa®" at Fuji Mill

Promoting the development of applications through large-scale sample work

Nippon Paper Industries Co., Ltd. (President: Fumio Manoshiro; hereinafter "the Company") announced to build a demonstration plant at Fuji Mill (Fuji-City, Shizuoka Prefecture) to drive the development of practical applications of "MinerPa®"; a set of new functional materials created by compounding particulate minerals and wood pulp (cellulose fibers) using the Company's own unique pulp-modification technologies.

Photo: Surface of MinerPa® fiber

Utilizing papermaking technologies developed over the course of many years in the industry, particularly through a combination of pulp manufacturing techniques and unique mineral manufacturing knowhow, the Company has developed a unique technology for densely bonding mineral particles onto the surface of cellulose fibers. Using this technology, the Company has created "MinerPa®": a set of completely new functional materials consisting of wood pulp (cellulose fibers) covered with mineral particles. In addition to showing the functional properties derived from various mineral particles, "MinerPa®" also show the characteristics and advantages of wood pulp (cellulose fibers), so can be processed into various types of materials such as wet pulp, sheets, boards (laminates) and powder. Using wood -which is a renewable resource- as the basic raw material, it has now become possible to provide "MinerPa®" with a content ratio of up to 90% mineral particles, and there are high expectations for the development of practical applications in a wide range of fields.

The Company has already begun the pre-marketing of "MinerPa®" since February 2017 with three different types of functions (deodorizing/antibacterial properties, flame retardancy and X-ray radiation shielding effects) . Besides, the Company is now working to develop the technologies of "MinerPa®" with new functionalities such as antiviral properties to meet the customer demands.

The newly introducing "MinerPa®" demonstration plant will start up the operation in October 2018 with an annual production capacity of more than 450 tons, and we are able to supply a large-scale sample. We will continue to search for promising business areas and work for developing new applications.

Under the slogan "Shaping the future with trees," the Company will continue contributing to better living and cultural progress in the future based on the technological capabilities developed through papermaking.

The Company will also be exhibiting "MinerPa®" at its exhibition booth at Neo Functional Material 2018, which is scheduled to be held at Tokyo Big Sight from Wednesday, February 14, until Friday, February 16, 2018. Please visit our booth as the opportunity to experience "MinerPa®" directly.
(Nippon Paper Industries Co Ltd)

Newsgrafik #119291
 19.02.2018

Smurfit Kappa Fourth Quarter and Full Year Results 2017  (Company news)

Smurfit Kappa Group announced results for the 3 months and 12 months ending 31 December 2017.

Fourth Quarter and Full Year Key Points
-Group revenue growth of 7% for the fourth quarter and 5% for the full year
-Fourth quarter EBITDA up 10% year-on-year with reported full year EBITDA of €1,240 million
-Full year ROCE at 15.0% in line with Group target
-Solid free cash flow generation of €307 million for the year
-Net debt to EBITDA of 2.3x
-Final dividend increase of 12% to 64.5 cent per share

Performance Review and Outlook
Tony Smurfit (photo), Group CEO, commented:
“I am pleased to report EBITDA for the fourth quarter of €351 million, an increase of 10% year-on-year. Our EBITDA margin for the quarter at 15.9% also improved both year-on-year and on a sequential basis. Our full-year EBITDA was €1,240 million, a record for the Group, with an EBITDA margin of 14.5%.

“Our full year result was delivered against a backdrop of an increase in excess of €120 million in recovered fibre costs, generally higher raw material costs and adverse currency movements.This improved result for the year, and more importantly for the fourth quarter, reflects the benefits of our continued focus on offering our customers cost effective and innovative solutions, our capital expenditure program, input cost recovery through paper and box price increases and generally strong markets. We also continue to benefit from the Group’s geographic reach and integrated model, which support our customers by ensuring security of supply in very tight markets.

“Our European business showed very strong progression for the quarter, growing its margin to 16.5%. This strong performance came as a result of high levels of demand across most product lines and input cost recovery. Security of supply for our customers is key for us and we have been investing accordingly.

“In the Americas, reported EBITDA of €311 million and a 14.4% margin came in below our expectations. The result was impacted by a number of factors including increased recovered fibre costs, adverse weather events in the latter half of the year, the continued rise in containerboard prices where we are a significant net buyer of approximately 300,000 tonnes and adverse currency moves. During the fourth quarter, some countries experienced an unexpected slowdown which now shows signs of reversing. The region has been progressing its input cost recovery through 2017 and this will continue into 2018.

“Our two most recent acquisitions in Russia and Greece are integrating well. The Group remains ready to further expand our geographic footprint through acquisition where we can deliver long-term value creation.

“Our net debt to EBITDA ratio at 2.26x is at the lower end of our stated range.

“As we start 2018, the benefits of paper-based packaging are being increasingly recognised as the most sustainable, biodegradable solution for both our customers and their end customers. SKG continues to invest and develop these innovative and sustainable packaging applications which will further broaden our product portfolio. These investments will continue to ensure security of supply for our customers and help them address growing trends such as e-commerce and increasing supply chain complexity.

“SKG is a leader in the area of corporate social responsibility, which has been recognised by a number of third party organisations, and we are committed to supporting the communities in which we operate.

“While we continue to experience currency volatility, wage inflation as well as higher energy and other input costs, 2018 has seen the continuation of good demand in Europe, further input cost recovery and signs of improvement in our Americas business. The Group has exciting plans in place to continue our development and sustain our industry leadership into the future”.
(Smurfit Kappa Group Headquarters plc)

Newsgrafik #119318
 19.02.2018

RISI Announces The 2018 European CEO of The Year Award  (Company news)

Miles Roberts of DS Smith selected as this year’s winner

RISI, the leading information provider for the global forest products industry, announced that Miles Roberts, Group Chief Executive of DS Smith, has been named RISI’s 2018 European CEO of the Year. RISI will present this award at the European Conference, which will take place in Barcelona, Spain on March 5-7, 2018.

RISI’s European CEO of the Year Award is nominated by a group of investment analysts, industry consultants and commentators covering the European and global pulp and paper industry.

Reasons cited by nominators of Roberts to win the award were: “Miles Roberts has been able to navigate the volatile OCC and containerboard situation without missing a beat, in terms of growing earnings and cash flows. Despite the full price paid, it seems as if the Interstate Resources deal is going well. Since this transaction was announced last June, earnings and cash flow estimates for DS Smith have increased, and the company’s share price has rallied more than 15% to £5.11 at the 19th January close from £4.40 at the time of the Interstate deal announcement. By gaining exposure to kraftliner, DS Smith mitigates its substantial net short position at a time when global supplies of kraftliner are tightening. Furthermore, DS Smith continues to capture margin by providing creative service/product enhancements to its myriad customers”.

Another said: “DSS just announced their second HP T1100 Digital Press (Europe) so they really have embraced this technology. As far as the US is concerned, I visited two DSS plants recently. Both plants are planning some upgrades. DSS announced two green field plants on the East Coast…If they keep moving at this pace they will drag the US into the 21st century in terms of box construction.”

Miles Roberts was appointed Group Chief Executive of DS Smith on 4 May 2010. At DS Smith, he has implemented a clear strategy to become a leading provider of corrugated packaging in Europe.

Under his leadership, the Company has grown organically and via a number of acquisitions, including SCA Packaging, Duropack, Grupo Lantero and Interstate Resources. It is now present in 37 countries, employing around 27,000 people, and was elevated into the FTSE 100 in December 2017.

He was previously Chief Executive of McBride plc from July 2005 until April 2010, having originally joined as its Group Finance Director in January 2002. Prior to that, Miles was Finance Director of Costain. He is a non-executive director of Aggreko Plc.

Born in Tynemouth on the 14th of February 1964, Miles attended Stanley Technical High in South Norwood before graduating from Bristol with a degree in Civil Engineering. He began his career as an engineer for Ove Arup.

Miles is married with four children. He enjoys tennis, sailing, skiing and golf.
(RISI)

Newsgrafik #119321
 19.02.2018

Progroup on course for continued growth: construction of another paper factory and up to four ...  (Company news)

...corrugated sheetboard plants planned by 2021

Progroup is on course for continued growth and can reflect on a successful anniversary year. Sales increased in 2017 by 9.69% to around 804 million euros. This success is based on the consistent implementation of its Two Twentyfive strategy. With Europe’s fastest organically growing corrugated board manufacturer having started the construction of a new mega-corrugated sheetboard plant in Ellesmere Port (United Kingdom) back in October of last year and this month having started production in its latest corrugated sheetboard plant in Drizzona (Italy), Progroup is now announcing further expansion plans. With the construction of up to four more corrugated sheetboard plants between 2019 and 2021 in Central Europe and the start of the active phase of preparation for the construction of another paper factory for containerboard in Germany, which is scheduled to start production in 2021, Progroup is embarking on the intensive phase of its Two Twentyfive expansion strategy.

Progroup on course for continued growth
In the anniversary year in which “25 years of Progroup” were celebrated, Progroup was again able to record a successful year, as is demonstrated by excellent figures: Sales increased in 2017 by 9.69% to around 804 million euros following sales of 733 million euros in 2016. For the first time, the company managed to exceed the production capacity of one million tonnes of corrugated sheetboard within one financial year. The drivers of this consistently positive trend were a good economic environment, the new corrugated sheetboard plants in Plößberg and Trzcinica, but also the performance of all plants, the good sales performance, and not least the excellent cooperation of all employees.

Four more corrugated sheetboard plants between 2019 and 2021
Progroup is consistently pursuing its Two Twentyfive strategy. After the company announced the construction of two corrugated sheetboard plants in Italy and the United Kingdom at the beginning of 2017, the new corrugated sheetboard plant in Drizzona (Italy) will start production this month and the most productive mega-corrugated sheetboard plant in Ellesmere Port (United Kingdom) will start operating as scheduled at the end of the third quarter of 2018. This means that by the end of 2018 the production capacity for corrugated sheetboard will be approx. 3,000 million m²/year. In order on the one hand to retain and consolidate its cost leadership and position as one of the leading manufacturers of corrugated board in Europe and on the other to ensure that the company continues to be able to maintain the expected level of market growth and meet its customers’ requirements in respect of reliability of supply and the quality of products, between 2019 and 2021 Progroup is planning to open up to four more corrugated sheetboard plants in Central Europe. This increases the total production capacity to approx. 4,200 million m²/year.

State-of-the-art paper machine for containerboard
The increasing demand for consistently high-quality containerboard, owing to the growing production capacity for corrugated sheetboard at Prowell, is to be covered predominantly by cost-efficient and highly flexible production in-house. Progroup has therefore actively begun to make preparations for the construction of another paper factory located in Germany. The current thinking is that the start of production for the new, state-of-the-art paper machine is set for 2021 and, following a start-up phase, it will provide a further production capacity of around 750,000 tonnes of containerboard. Together with the two paper factories PM1 in Burg and PM2 in Eisenhüttenstadt, which are already manufacturing products in Germany, the total annual production capacity of containerboard will then increase from 1,100,000 tonnes to around 1,850,000 tonnes.
(Progroup AG)

Newsgrafik #119268
 16.02.2018

Mimaki launches new website with focus on endless application possibilities  (Company news)

Features more interactive and intuitive user experience and fresh corporate look

Mimaki, a leading manufacturer of wide-format inkjet printers and cutting systems, announced the launch of a brand-new Mimaki Europe website. The new site is designed to provide visitors with a more interactive and intuitive user experience, inspiring them with the endless application possibilities enabled by Mimaki’s broad array of digital printing and cutting solutions.

“Websites should never be static; they need to be frequently refreshed,” said Danna Drion, Senior Marketing Manager EMEA at Mimaki Europe. “With the launch of this totally redesigned site, Mimaki Europe has taken this to heart by researching the most current and effective web design trends, gathering visitor feedback and more to create what we believe will be a highly inspirational experience for visitors. Not only will visitors have faster and easier access to information about Mimaki solutions, they will also be inspired by a very wide range of applications to take their own businesses to new levels of profitability and competitiveness. On top of that, we will feature more educational material, informative blogs, and customer stories for a truly quality experience. We are also pleased to unveil a fresh corporate look with the launch of our new website.”

Visit the new Mimaki website at www.mimakieurope.com, and prepare to be inspired!
(Mimaki Europe B.V.)

Newsgrafik #119269
 16.02.2018

GLATFELTER REPORTS FOURTH QUARTER 2017 RESULTS  (Company news)

~ Announces plan to explore strategic alternatives for Specialty Papers Business Unit ~

Glatfelter (NYSE: GLT) reported a net loss of $10.1 million, or $0.23 per share for the fourth quarter of 2017 compared with a net loss of $16.2 million, or $0.37 per share in the fourth quarter of 2016. Adjusted earnings for the fourth quarter of 2017 was $15.0 million, or $0.34 per diluted share compared with $17.6 million, or $0.40 per diluted share, for the same period a year ago.

On an adjusted basis, earnings before interest, taxes, depreciation and amortization and excluding pension expense (“Adjusted EBITDA”) for the three months ended December 31, 2017 and 2016, totaled $41.5 million and $41.7 million, respectively. Adjusted earnings and Adjusted EBITDA are non-GAAP financials measures for which reconciliations to the nearest GAAP-based measure are provided within this release. Consolidated net sales totaled $399.9 million and $390.9 million for the three months ended December 31, 2017 and 2016, respectively. Composite Fibers’ and Advanced Airlaid Materials’ net sales increased, on a constant currency basis, by 7.7% and 3.1%, respectively. Specialty Papers’ net sales declined 6.9% in the quarter-over-quarter comparison.

“Our fourth-quarter operating performance reflects continued strength of our engineered materials businesses,” said Dante C. Parrini, Chairman and Chief Executive Officer. “Composite Fibers delivered a 22% increase in operating income compared with the fourth quarter of 2016. Earnings were driven by strong volume growth of 18%, as well as improved operating efficiencies and cost optimization initiatives. Advanced Airlaid Materials grew operating profit by 9% over the fourth quarter a year ago with shipments up 2%. Demand for our airlaid products remains strong as this business brings new capacity to the market, with shipments from Fort Smith, Arkansas on schedule for the first quarter. Our fourth quarter’s results, on an adjusted earnings basis, also benefited from an unusually low effective tax rate of 6.7%.”

Mr. Parrini said, “Our Specialty Papers business continued to face challenging market conditions which, when coupled with operating inefficiencies, led to lower profitability during the quarter. We are encouraged by recent announcements of price increases and additional industry capacity being taken out of the market which should be constructive for the business going forward. Our focus remains on aggressively pursuing cost efficiencies and process improvements to improve profitability.

As we look ahead into 2018, we expect our cash flow profile to improve significantly with the completion of our major capital programs. For our Airlaid business, we are in the process of completing customer qualifications and product testing for our new Fort Smith facility which is on schedule for commercial shipments later in the first quarter. We expect to deliver 10% to 15% volume growth in 2018 as a result of this new capacity. For Composite Fibers, we expect solid shipment growth as demand remains strong. For Specialty Papers, we are encouraged by recently announced price increases in uncoated free sheet and carbonless products while we remain focused on operational factors that are in our control.”

Mr. Parrini concluded, “Our Board of Directors and management team regularly evaluate opportunities to enhance shareholder value and have decided to explore a range of potential strategic alternatives for Specialty Papers. Our strategic review process reflects a strong commitment to maximizing shareholder value by accelerating the growth potential for Composite Fibers and Advanced Airlaid Materials, and determining the best option for Specialty Papers.”

A possible outcome of the strategic review process may include, but is not limited to, the sale of the Specialty Papers business. At this time, the Company’s Board has not set a timetable for the completion of the process nor has it made any decisions related to any specific strategic alternatives. There can be no assurance that the review of strategic alternatives will result in a particular outcome. The Company does not intend to provide any updates unless or until it determines that further disclosure is appropriate or necessary. The Company has retained Credit Suisse as its financial advisor to assist in the review of strategic alternatives for the Specialty Papers business.

Outlook
Composite Fibers’ shipping volumes in the first quarter of 2018 are expected to be in line with the fourth quarter. Selling prices and raw material and energy prices are expected to be slightly higher compared with the fourth quarter.

Advanced Airlaid Materials’ shipping volumes in the first quarter of 2018 are expected to be approximately 5% higher than the fourth quarter due to commencement of commercial shipments from the Fort Smith, Arkansas facility and overall higher customer demand. For the full year 2018, we continue to anticipate shipping volumes to be 10% to 15% higher than 2017 driven by the start-up of the Fort Smith facility. Selling prices and raw material and energy prices are expected to increase slightly compared with the fourth quarter.

Specialty Papers’ shipping volumes in the first quarter of 2018 are expected to be relatively flat compared with the fourth quarter of 2017. Average selling prices are expected to increase by approximately $20 per ton while raw material and energy prices are expected to increase by approximately $2 million compared to the fourth quarter. Operational challenges in the first quarter are expected to impact profitability in a magnitude similar as was experienced in the fourth quarter. The first quarter will also reflect higher seasonal energy consumption.

Corporate costs are expected to increase approximately $1 million in the first quarter of 2018 when compared to the fourth quarter of 2017.

Start-up costs associated with Advanced Airlaid Materials’ capacity expansion are expected to be approximately $3
million, after tax, incurred primarily in the first half of 2018.

Interest expense is expected to total approximately $22 million for the full year 2018.

Consolidated capital expenditures are expected to total approximately $67 million to $72 million in 2018.

The effective tax rate on adjusted earnings is expected to be approximately 33% for the full year 2018.
(Glatfelter Corporate Headquarters)

Newsgrafik #119270
 16.02.2018

GBP Wins Manufacturing Awards of Distinction  (Company news)

Green Bay Packaging accepted the 2017 Manufacturing Awards of Distinction presented by the Greater Green Bay Chamber and Advance, its economic development department. The Chamber is a convener, bringing together resources to enhance economic, workforce and community development. They are the champions of business development for Greater Green Bay.

“We are thrilled to be recognized among the best companies in our region,” said Will Kress, President and CEO of Green Bay Packaging. “Our team is truly focused on delivering great customer service by running safe, clean and extremely efficient Manufacturing Operations across the country. We can do this by continually re-investing in our operations and employing and empowering the best workforce.”

Green Bay Packaging has remained consistent since 1933, keeping their founder, George F. Kress’s, vision alive. Green Bay Packaging’s locations are strategically placed with 35 of its plants in the U.S. and Mexico, five of those plants are right here in Green Bay, and a total of nine plants in Wisconsin. Everyday GBP is driven by continuous improvement and focused on providing outstanding value to our customers. The company maintains strong environmental and social responsibilities through its sustainability commitment; optimizing resources, being aware of the balance on economic, social, and environmental goals and producing quality and innovative products.

The event honored manufacturers for their tremendous leadership, innovation, contribution to the local economy and creatively attracting
and retaining talent.
(Green Bay Packaging Inc.)

Newsgrafik #119271
 16.02.2018

Metsä Board's customers can now use the SFI on-product label in North America  (Company news)

Metsä Board, a leading European producer of premium fresh fibre paperboard, announced today that its North American customers can now use Metsä Board’s products with the Sustainable Forestry Initiative® (SFI®) on-product label that recognises global PEFC™ certifications. Metsä Board is the first European paperboard manufacturer to be approved to use this opportunity. A new rule under the SFI allows PEFC™ chain of custody manufacturers, with PEFC™ certified content from countries outside of the United States and Canada, to be able to use an SFI ‘global’ on-product label. SFI® is an independent North American forest certification programme endorsed by PEFC™.

The whole Metsä Group, including Metsä Board, supports forest certification schemes and encourages their adoption worldwide. Nina Happonen, VP Sales Americas, says: “The wood we procure always comes from certified or controlled forests, which means that we ensure its legality as well as the responsibility and sustainability of the whole supply chain. Of the wood we use, 80% is certified forest content according to the world's leading forest certification systems: PEFC™ or FSC®. We are happy now to be able to offer, in addition, the use of SFI on-product label to our customers in North America.”
(Metsä Board Corporation)

Newsgrafik #119273
 16.02.2018

FOLEX PRESENTS PRINTED ELECTRONIC SUBSTRATES AT LOPEC 2018  (Company news)

While many topics in the field of printed electronics are still under heavy development - Folex is the substrate provider for printed applications! The company has been manufacturing for the print-on industry substrates for all types of printing technologies and ink-types for many years. These years of experience and continuous, innovative development have led to an extensive portfolio of films and speciality substrates.

Printed electronic applications sit well in this field of experience. The specific challenges (scratches interrupting circuits, thermal shrinking during printing and curing, etc.) in both printing and etching based circuit manufacturing are met with mature products.

Folex is happy to consult and provide you with appropriate substrates in the format of your choice. Folex is involved in various collaborations with leading research institutes and industrial partners in the field of printed electronics and is a member of the OE-A.

We look forward to welcoming you to the exhibition booth Hall B0, Stand 405 (COPT Center booth).
(Folex GmbH)

Newsgrafik #119275
 16.02.2018

IMPS-2018 - 27th International Munich Paper Symposium  (Company news)

For the 27th time, one of the major annual European conferences in paper technology, the IMPS 2018 -- INTERNATIONAL MUNICH PAPER SYMPOSIUM is going to take place in the modern Sheraton Munich Arabellapark Conference Center from 7-9 March 2018. The Symposium focuses on technical presentations related to paper and board manufacturing and is offered in both the German and English language through a superb simultaneous translation. In addition to the presentations, the IMPS also features an exhibition and a cultural programme.

The theme of the meeting is “Progress in Board and Paper Technology”, and while many of the papers will be presented by board mills and paper mills, it is clear that papermaking equipment and innovations designed to improve the performance of tissue, paper, board and printing machines, played a very important role.

Most presentations deal with first time reports and take an analytical, rather than a commercial approach. The speakers share their experiences with relatively new systems and also take a look at some future developments.

The IMPS has been held annually for more than two decades and is always focused on current topics related to the paper manufacturing and paper supplying industry. In contrast to many very large conferences, the IMPS will host not more than about 400 participants in a first class atmosphere. It is intended to provide an international platform for people working in the field of board, paper, tissue and printing technology.

The fee includes a number of options: simultaneous translation German/English, internet access to abstracts, presentations as pdf-files, coffee breaks with snacks, superb lunches as well as a gala dinner on Wednesday evening. As far as places are available, a fascinating cultural event on Thursday evening and an interesting mill tour or a visit to the well known paper institute of Munich University of Applied Sciences on Friday, are also included.

Since 2013, the IMPS has been completely booked out well before the start of the symposium. We therefore recommend to register your participation early.
(IMPS Management Ltd & Co. KG)

Newsgrafik #119231
 15.02.2018

Global Recycling Day - New Manifesto calls on world to wake up to the power of the ...  (Company news)

... Seventh Resource

The single biggest mission of Global Recycling Day 2018 is to raise awareness regarding the importance of recycling.

Climate change is the major, overriding, environmental issue of our time and the recycling industry is at the heart of the change that is needed to combat its devastating effects. Recycling (whether industrial or at home) saves more CO2 emissions each year than are generated by the entire aviation industry, while simultaneously protecting the earth’s valuable natural resources.

By combining as many voices and efforts as possible on a single day, we aim to drive awareness and action around the urgent need to recycle more effectively around the world, to assure the future of our planet.
Introducing the Seventh Resource

Global Recycling Day aims to change the mind-set of governments, businesses, communities and individuals around the world, to see recyclables as “resource – not waste.”

We all know the six major natural resources on the planet: water, air, coal, oil, natural gas and minerals. Now, recyclables have joined them, as the world’s Seventh Resource.

Without recycling, all our used and discarded fridges, plastic bottles, packing boxes, cars, cell phones and paper cups will contribute to the growing waste mountains, to be incinerated or go to landfill – never to be used again. Without recycling, we have no option but to continue stripping the earth of her finite virgin resources.

There must be a global approach towards recycling
The future of our planet’s environmental wellbeing is too important not to be a global concern. The power of the Seventh Resource must be recognized by leaders around the world, through seven concrete changes:
-Focus on international legislation and agreements.
-Support, and campaign for, free sustainable trade of recyclable materials to ecologically sound companies across the globe.
-Educate, from grass roots up, the public on the critical necessity of recycling.
-Agree to a common language of recycling.
-To make recycling a community issue, supporting schemes and initiatives which help households and businesses provide Seventh Resource materials for repurposing.
-Work with the industry to encourage ‘design for recycling’ in the repurposing of materials – reducing waste, integrating ‘end-of-life’ planning at design stage.
-Support innovation, research and initiatives that foster better recycling practices and technology.
(BIR Bureau of International Recycling)

Newsgrafik #119254
 15.02.2018

Stora Enso Financial Statement Release 2017  (Company news)

Accelerated profitable growth. Dividend proposal EUR 0.41 per share

Q4/2017 (year-on-year)
-Sales of EUR 2 511 (2 438) million increased 3.0%: the fourth consecutive quarter of sales growth.
-Sales excluding the paper business increased 6.2%.
-Operational EBIT increased 46.6% to EUR 280 (191) million, mainly due to favourable prices and higher volumes combined with successful ramp-up of the strategic investments.
-Strong cash generation strengthened the balance sheet further; net debt to operational EBITDA improved to 1.4 (1.9).
-Operational ROCE was 13.5% (8.9%), the second consecutive quarter above the target of 13%.
-The consumer board machine at Beihai Mill reached its designed capacity level and operational EBITDA break-even as promised in Q4/2017.

Year 2017 (year-on-year)
-Sales at EUR 10 045 (9 802) million increased 2.5%. Sales excluding the paper business increased 8.5%.
-Operational EBIT at EUR 1 004 (884) million increased 13.6%.

Stora Enso’s CEO Karl-Henrik Sundström (photo) comments on the fourth quarter 2017 results:
“We have reached a new level as a renewable materials company. The transformation has proven successful as we exceeded ten billion euros in sales and one billion in operational EBIT for the year. At the same time, we have strengthened our position in the bioeconomy for the future.

In four consecutive quarters, we have achieved growth, reaching a 3.0% increase in sales and 6.2% excluding paper in the fourth quarter. This is primarily due to the ramp-up of strategic investments in Beihai, Varkaus and Murów, and favourable prices. Higher volumes, higher sales prices and a better product mix enabled us to reach operational EBIT margin of 11.2% and ROCE of 13.5%, above our long-term financial targets. Strong cash flow strengthened the balance sheet and net debt to operational EBITDA improved to 1.4. Our innovation strategy is paying off. In 2017, 7% of our products and services were new which is a considerable increase compared to 2016.

After finalising our strategic investments, our balance sheet and cash flow are strengthening. This enables us to reward our shareholders. The Board of Directors proposes to the Annual General Meeting a dividend of 0.41 euros per share, which is the third year in a row with an increase.

We continue to deliver on our promises related to the transformation. The ramp-up of Beihai Mill is ahead of schedule and its consumer board machine reached its designed capacity level and operational EBITDA break-even as planned. Also, Varkaus kraftliner mill reached its designed capacity level and exceeded its profitability target.

Securing raw material long term is crucial in the bioeconomy. As a consequence, we have signed a letter of intent aiming at structural changes in Bergvik Skog.

Stora Enso has made two important announcements during the first quarter this year that I’d like to highlight. We have signed a global framework agreement with three global unions to uphold fundamental labour rights. This is in line with our continuous efforts to provide a safe and rewarding workplace for our employees and contractors, and to be an attractive employer.

I am also very proud that we are the first forestry company to commit to a science based target to further reduce our CO2 and other greenhouse gas emissions. This in line with the 2°C limit set for global warming by the Paris Agreement, and is a natural step for us as the renewable materials company.

As always, I would like to thank our customers for their business, our employees for their dedication, and our investors for their trust.”

Outlook
Q1/2018 sales are estimated to be similar to or slightly higher than the amount of 2 511 million euros recorded in the fourth quarter 2017, and operational EBIT is expected to be somewhat higher than the 280 million euros recorded in Q4/2017. There are no major scheduled annual maintenance shutdowns during Q1/2018.
(Stora Enso Oyj)

Newsgrafik #119259
 15.02.2018

Marbach Training Center: The Paper Centre Gernsbach visit  (Company news)

Marbach will soon officially open its new training center. Prior to this, participants of the advanced course "Corrugated board processing – flat die-cutting" from the Paper Centre Gernsbach had the opportunity to spend a day at Marbach‘s new die-cutter as part of a 3-day seminar.

The Paper Centre Gernsbach has been working with Marbach for many years. Marbach actively supports the seminars of the Paper Centre on-site with speakers from the areas of paperboard and corrugated board.

Seminar leader Holger Burkert: "When we learned that Marbach was getting its own die-cutting machine, we immediately contacted them. It is, after all, an enrichment if our training participants are not only taught theoretical knowledge, but can also experience a die-cutting machine live in action. This makes seminars even more valuable and practice-oriented. We are pleased that Marbach can provide us with this opportunity."

Twelve people from the Paper Centre came to Marbach in Heilbronn on 21st November 2017 and received a theoretical introduction to begin with. Afterwards they moved on to the die-cutting machine. There, the participants were able to witness live the setting up of an order on the die-cutter and to evaluate the results.

Burkert continues: "This first pilot event at Marbach served to show us how we could best integrate the die-cutting machine from Marbach into our seminars, which processes and what content would make sense and what can be done in the new Marbach Training Center. We have come a long way here. We are definately planning to intensify cooperation with Marbach in the corrugated board and folding box sectors."

Clearly Marbach and the Paper Centre Gernsbach will further intensify their cooperation in the future.
(Karl Marbach GmbH & Co. KG)

Newsgrafik #119261
 15.02.2018

Smurfit Kappa continues its investment in Mexico with PM6 machine   (Company news)

Smurfit Kappa, one of the world’s leading paper-based packaging firms, continues its investment in sustainable technology in Mexico, demonstrating its long-term commitment to the country.

An advanced new paper machine (PM6) began operating at the Los Reyes Paper Mill site in the State of Mexico in January. This new endeavour is one of Smurfit Kappa’s largest investments in the country in recent years and an important milestone for the company in the Americas.

The new high performance PM6, which produces recycled containerboard, strengthens Smurfit Kappa’s offering for the agricultural and electrical appliance sectors.

Operating in Mexico for more than 40 years, Smurfit Kappa has also recently invested in a modernisation project for converting plants which, along with the new PM6, significantly increases customer capabilities.

Speaking at the inauguration event, Juan Guillermo Castaneda, CEO of Smurfit Kappa, the Americas, said: “As the leading supplier of paper-based packaging in the Americas and the largest group with a pan-regional presence, we are pleased to continue bringing the latest industry innovations to Mexico.

“Mexico is a market with strong growth potential which is key to our operations in the region. We continue to invest in this country to boost our competitiveness and offer our customers the very best in sustainable packaging.”

Jorge Alberto Angel, CEO of Smurfit Kappa Mexico, added: “Smurfit Kappa has long been committed to best practices in responsibly supplying paper for the sustainable manufacture of board and packaging. We are proud to start operating yet another state-of-the-art paper machine in Mexico, further contributing to sustainable development and growth in the country.”

The Los Reyes Paper Mill is one of the company's three containerboard mills in Mexico, where it also operates 15 converting plants.
(Smurfit Kappa Group Headquarters plc)

Newsgrafik #119263
 15.02.2018

Fujifilm launches Acuity LED 1600R for large format graphic display market  (Company news)

The latest addition to Fujifilm’s Acuity range offers customers a flexible, lower cost alternative to its successful Acuity LED 1600 II printer.

Fujifilm announces the release of a new machine in its Acuity series, the Acuity LED 1600R. This accessible, dedicated roll-to-roll printer is optimised for four-colour CYMK printing, but otherwise shares all the benefits in quality and performance of the highly successful Acuity LED 1600 II hybrid model. It will be commercially available on the 1st of March.

Exclusive to Fujifilm and featuring Dimatix Q-class industrial print heads, the Acuity LED 1600R offers four channels, with the option of a modular upgrade in the field up to eight channels. It features a high density mode capable of handling heat-sensitive roll media while printing stunning, vibrant displays – making it suitable for backlit and window applications. Like the Acuity LED 1600 II, it offers excellent productivity of up to 33m² per hour.

Producing low levels of heat and requiring lower ink volumes and less power than similar machines on the market, the newest member of the Acuity range has instant start-up, long-life LED UV lamps, no ozone or VOC emissions and only one consumable – the ink.

That ink is the new Uvijet RL ink range which is available in CMYK and CMYK plus light cyan and light magenta. A modular upgrade option to include white is available, with an option for up to eight channels to include clear ink, also being added later in the year. Designed for roll media, Uvijet RL is manufactured by Fujifilm Specialty Ink Systems in the UK, and combined with the 1600R’s Fujifilm patented LED curing system and Dimatix print heads, it delivers near-photographic print quality at an impressive speed.

Says Tudor Morgan, Segment Manager, Sign & Display at Fujifilm Graphic Systems Europe:
“Fujifilm has established a strong business with the Acuity LED 1600 and then the Acuity LED 1600 II, with close to 1000 installations globally. To build on this success, we are now offering an equally robust, lower-cost model in the Acuity LED 1600R that can provide a great investment opportunity for printers looking to produce high quality, large format display work – all without compromising on the excellent performance characteristics that have gained the Acuity LED 1600 II such a formidable reputation.”
(Fujifilm Europe GmbH)

Newsgrafik #119296
 15.02.2018

Model Group: Leap in growth in established market environment  (Company news)

Model Group cardboard and corrugated board packaging, recorded consolidated Group sales of CHF 874 million in the 2016 fiscal year. This represents an increase of 42% over the previous year. The Group employed an average of just over 4,200 members of staff during the reporting year, nearly 1,000 more than in 2015. The proportion of these in Switzerland is 22%, with over 900 employees. The main reason for the growth is the acquisition and integration of the former P-Well Group in Germany by Model GmbH, which is running according to schedule. The expansion of geographical markets increased the number of European Group customers, so that important national markets such as the Czech Republic, Poland, Benelux and Switzerland were able to contribute to the growth trajectory with over 4%. CHF 88 million were invested in innovation, modernisation and expansion projects.

Good sales volumes/new plant in Poland
The Model Group sold nearly 1,200 km2 in corrugated board packaging/corrugated board sheets and more than 26,000 t of cardboard packaging in its national markets in Switzerland, Germany, Poland, the Czech Republic, Benelux, France, Austria, Slovakia and Croatia. Combined, the two Swiss paper factories in Weinfelden and Niedergösgen produced 383,000 tonnes (2015: 375,000) of waste-paper based corrugated board.
The new plant in Nowa Sól, Poland, the third Model plant in Poland overall, launched production with around 60 employees and state-of-the-art processing machines.

Outlook: innovative projects planned in Switzerland
The slight economic revival in Europe, combined with the Group's exciting innovation projects, should help to partially offset the negative impact of the strong Swiss franc. In one month, the first trials will begin in Weinfelden for a new material preparation system, which will be capable of processing good-quality paper fibres that have hitherto mostly been thermally disposed. In the current year, investments of similar amounts to the previous year are being made with the aim of improving logistics and productivity.
(Model AG)

Newsgrafik #119215
 14.02.2018

Efficiency and quality gains through integrated assistance systems  (Company news)

More than 100 VISION systems sold by W&H since drupa 2016

Photo: panel of monitors facilitates intuitive touchscreen and stylus operation. The maximum configuration includes modules for detecting the causes of print defects and intelligent automated troubleshooting.

Assistance systems yielding efficiency and quality gains have become indispensable in today's printing world. To date, however, flexographic and gravure printing presses have tended to contain a range of systems from different providers for web monitoring, inspection, printing impression, register setting and more. Inevitably, this has led to added complexity and interface problems. At drupa 2016, W&H brought an integrated assistance system to market for the first time. The VISION package combines these systems with a single operator interface. "The deep integration of the modules into the press means less data entry when starting a job, faster machine changeovers, and reliable, faultless print production – essentially, greater quality and efficiency," declared Ulrich Harte, Head of Marketing Printing and Finishing. The numbers speak for themselves: The specialist in machines for manufacturing flexible packaging is giving the market what it wants. "The VISION package has already become a standard in W&H machines; we've sold more than 100 systems since drupa," declared Harte.

The VISION product range, developed under the slogan PACKAGING 4.0 – Integrated, Intuitive, Intelligent, significantly boosts the efficiency of W&H printing presses. The system is fully integrated into the printing press architecture and PROCONTROL operator console. A panel of monitors facilitates intuitive touchscreen and stylus operation. The maximum configuration includes modules for detecting the causes of print defects and intelligent automated troubleshooting. "The printer benefits from a uniform, modern operating concept for the printing press and print quality monitoring.The printing process is monitored directly across the entire machine. Process deviations are quickly detected and immediately corrected, making the machines much easier to operate, and considerably boosting performance and profits," explained Harte.

The right assistance systems for each individual situation can be chosen by selecting from the various modules within the VISION system.
· VISION ZOOM uses a matrix camera for web monitoring.
· VISION FULL incorporates state-of-the-art, high-resolution line cameras for early fault detection. These line cameras also help manage job changeovers as part of the EASY-SET and EASY-REG automation systems.
· VISION CHECK further adds to the configuration, with modules for determining the causes of print defects and intelligent automated troubleshooting, e.g. targeted cleaning processes and machine parameter adjustments.
(Windmöller & Hölscher KG)

Newsgrafik #119240
 14.02.2018

UPM studies opportunities for developing its biofuels business by starting an environmental ...  (Company news)

... impact assessment in Kotka, Finland

UPM is studying biofuels development opportunities by starting an environmental impact assessment (EIA) for a possible biorefinery in Mussalo, Kotka, in south-eastern Finland. The study of a possible Kotka Biorefinery is in the very early stages and the EIA process normally takes approximately one year.

EU and national policies on biofuels will also play an important role in the final assessment of the possible investment.

The EIA study states that the proposed second UPM biorefinery would use a different raw material base and technology than in the current UPM Lappeenranta Biorefinery. The Kotka Biorefinery would produce approximately 500,000 tonnes of advanced biofuels for transportation, made from several renewable and sustainable feedstocks.

"We are looking into the use of several new feedstocks that fulfil sustainability criteria, such as wood residues and other sustainable wastes and residues. In addition to this in Uruguay we are testing a winter cropping concept with Brassica carinata for biofuels' raw material. Oil from turnip rape-related carinata would be one of the possible raw materials for the Kotka Biorefinery," says Petri Kukkonen, Vice President of UPM Biofuels Development.

The environmental impact assessment started by UPM in February is a legal preventive environmental policy procedure. EIA studies the execution of alternatives, environmental impacts and the possibility of minimising harmful impacts - as well as the opinions of various stakeholders on all these areas.
(UPM)

Newsgrafik #119241
 14.02.2018

BillerudKorsnäs adopts science based climate impact targets  (Company news)

As one of the forerunners in the global packaging industry, BillerudKorsnäs has received approval for its climate goals by the Science Based Targets initiative. The initiative was initiated by the UN, WWF and the World Resources Institute, aiming at assisting the world's companies to adopt climate targets in accordance with United Nations Paris Agreement.

Already today BillerudKorsnäs is largely fossil-free with 97.5 percent biofuels used in the own operation. In order to further contribute to reducing climate change, BillerudKorsnäs has adopted new climate targets for 2030 and 2050, which now has been approved by the Science Based Targets initiative. The approved targets, which are in line with what is required for global warming not to exceed two degrees, are to:

1. by 2030 reduce direct greenhouse gas emissions from own operations and indirect emissions from purchased energy by at least 59 percent compared to 2016 levels. By 2050, the corresponding emissions should be at least 74 percent lower.

2. by 2030 reduce indirect greenhouse gas emissions from purchases of goods and services (eg transports) by at least 30 percent compared to 2016 levels. By 2050, the corresponding emissions should be at least 70 percent lower.

”The Paris Agreement and UN Sustainable Development Goal 13 "Take urgent action to combat climate change and its impacts" sends a clear signal to rapidly develop new resource-efficient solutions and replace fossil based with renewable ones. We, as one of the first players in our industry, are therefore very proud to present new climate targets. BillerudKorsnäs and the forest based industry play a key role in the transition to a biobased and sustainable society, not least by offering renewable alternatives to fossil based packaging materials," said Henrik Essén, Senior Vice President Communication and Sustainability at BillerudKorsnäs.

“We congratulate BillerudKorsnäs for having their emission reduction targets validated by the Science Based Targets initiative. By setting targets that are aligned with the rate of decarbonization needed to achieve the goals of the Paris Agreement, BillerudKorsnäs is demonstrating its business leadership and positioning itself for success in the low-carbon economy,” said Alberto Carrillo Pineda, Director, Climate Initiatives at CDP ‎and member of the Science Based Targets initiative steering committee.
(BillerudKorsnäs AB (publ))

Newsgrafik #119242
 14.02.2018

Clearwater Paper Reports Fourth Quarter and Full Year 2017 Results  (Company news)

Clearwater Paper Corporation (NYSE:CLW) reported financial results for the fourth quarter and full year of 2017.

The company reported net sales of $436.7 million for the fourth quarter of 2017, up 2.6% compared to net sales of $425.6 million for the fourth quarter of 2016. Net earnings determined in accordance with generally accepted accounting principles, or GAAP, for the fourth quarter of 2017 were $80.9 million, or $4.88 per diluted share, compared to net earnings for the fourth quarter of 2016 of $9.3 million, or $0.56 per diluted share. The increase in net earnings primarily consisted of a benefit related to recent tax law changes. Excluding this tax benefit and certain other non-core items identified in the attached Reconciliation of Non-GAAP Financial Measures, fourth quarter 2017 adjusted net earnings were $14.4 million, or $0.87 per diluted share, compared to fourth quarter 2016 adjusted net earnings of $13.8 million, or $0.82 per diluted share.

Earnings before interest, taxes, depreciation and amortization, or EBITDA, were $52.2 million for the fourth quarter of 2017 compared to $49.3 million for the fourth quarter of 2016. Adjusted EBITDA for the quarter was $57.5 million, up 6.3% compared to fourth quarter 2016 Adjusted EBITDA of $54.1 million. The $3.4 million increase in Adjusted EBITDA in the fourth quarter of 2017 was primarily a result of higher paperboard pricing and volumes, improved consumer product mix, and lower general maintenance costs. Additional factors for the increase included lower wage and benefits expense resulting from warehouse automation projects at several of the company's facilities, the shutdown of two higher cost tissue machines at the company's Neenah, Wisconsin mill at the end of 2016 and the closure of the company's Oklahoma City converting facility in March 2017. These factors were partially offset by lower non-retail tissue shipment volumes and higher input costs for pulp, transportation and energy.

"We had a strong finish to 2017 due to improved operating efficiencies resulting from the completion of our three-year strategic capital projects, including warehouse automation and the continuous pulp digester at our Lewiston, Idaho mill,” said Linda K. Massman, president and chief executive officer. "We also had increased paperboard sales and shipments and ultra-quality tissue sales, partially offset by very competitive market conditions in the retail industry and higher transportation costs.

"Throughout 2018, we will remain focused on efforts to increase our margins and ultimately cash flow to build a solid foundation for our long-term success and create shareholder value," said Massman. "Our efforts include the vital work of realigning portions of our company in both tissue and paperboard, and investing in our business to meet customer needs as reflected in the ongoing investment in our Shelby, North Carolina facility."

FOURTH QUARTER2017SEGMENT PERFORMANCE
Consumer Products
Net sales in the Consumer Products segment were $234.7 million for the fourth quarter of 2017, down 3.1% compared to fourth quarter 2016 net sales of $242.1 million. This decrease was due primarily to lower parent roll sales resulting from the shutdown of the two higher cost paper machines at the Neenah, Wisconsin mill at the end of 2016 and a 3.3% decrease in retail tons sold in the fourth quarter of 2017.

Operating income and margin for the fourth quarter of 2017 decreased to $7.5 million and 3.2%, compared to $13.8 million and 5.7%, respectively, in the fourth quarter of 2016. After adjusting for certain non-core items identified in the attached Reconciliation of Non-GAAP Financial Measures, adjusted operating income and margin of $11.4 million and 4.9% for the fourth quarter of 2017 were down from $17.0 million and 7.0% for the same period in 2016. Adjusted EBITDA for the segment decreased from $32.0 million in the fourth quarter of 2016 to $25.8 million in the fourth quarter of 2017. These decreases were due to higher input costs for external pulp, transportation and packaging supplies with partial offsets from lower maintenance costs as well as lower labor costs due to the implementation of warehouse automation and the previously mentioned paper machine shutdowns at the Neenah mill and facility closure in Oklahoma City.

Tissue Sales Volumes and Prices:
-Total tissue sales volumes of 87,313 tons in the fourth quarter of 2017 decreased by 9.9% and converted product cases shipped were 12.7 million, down 1.7%, each compared to the fourth quarter of 2016.
-Average tissue net selling prices increased 6.2% or $155 per ton in the fourth quarter of 2017, compared to the fourth quarter of 2016, due to improved product mix.

Pulp and Paperboard
Net sales in the Pulp and Paperboard segment were $202.1 million for the fourth quarter of 2017, up 10.2% compared to fourth quarter 2016 net sales of $183.4 million. The increase was primarily due to higher paperboard prices and shipment volume, including sales from the operations of Manchester Industries acquired in December 2016.

Operating income for the fourth quarter of 2017 increased $7.0 million to $34.6 million, compared to operating income of $27.6 million for the fourth quarter of 2016. Pulp and paperboard's operating margin increased to 17.1% in the fourth quarter of 2017 from 15.0% in the fourth quarter of 2016. Adjusted EBITDA for the segment was $44.5 million in the fourth quarter of 2017, compared to $35.0 million in the fourth quarter of 2016. These increases were primarily due to lower costs for wood fiber, lower maintenance costs at Arkansas, lower wage and benefits expense and lower operating supply costs. These items were partially offset by higher priced purchased pulp, higher electricity usage due to a turbine generator outage and higher chemical and transportation costs.

Paperboard Sales Volumes and Prices:
-Paperboard sales volumes increased 5.4% to 210,098 tons in the fourth quarter of 2017, compared to 199,415 tons in the fourth quarter of 2016.
-Paperboard net selling prices increased 4.6% to $962 per ton compared to the fourth quarter of 2016.

Taxes
The company's consolidated GAAP tax rate and adjusted tax rate for the fourth quarter of 2017 were a benefit of 333.2% and a provision of 39.9%, respectively, compared to provisions of 41.7% and 37.8%, respectively, in the fourth quarter of 2016. On a GAAP basis, the benefit for the fourth quarter of 2017 was primarily driven by a $70 million tax benefit resulting from the remeasurement of the company's net deferred tax liabilities following passage of the Tax Cuts and Jobs Act ("Act") signed into law on December 22, 2017. The company expects its GAAP and adjusted tax rate for 2018 to be approximately 26%, due to the reduced federal corporate income tax rate of 21% under the Act.

Given the significant changes resulting from and complexities associated with the Act, the impact on the company's 2018 estimated effective and adjusted tax rates is subject to further analysis, interpretation and clarification of the Act, which could result in changes to these estimates during 2018.
(Clearwater Paper Corporation)

Newsgrafik #119246
 14.02.2018

Integrated system solution for the production of greeting cards   (Company news)

The two folding machine manufacturers GUK and MB Bäuerle have developed a complex system for the efficient multiple-up inline production of greeting cards as part of a customer project. With the inline arrangement of the modules the customer has been able to triple the output of his products compared with the previously used processing procedure. The modular design also makes it possible to realise without any problems a large number of other machine and manufacturing constellations to achieve maximum flexibility for the user.

Sheet separation takes place by means of the flat pile feeder FSA 52 which features a high stacking capacity. After that the sheets are transferred to the alignment table ART 24 before they are creased in the Pit Stop WF FM-Speed creasing machine. The alignment of the sheets before creasing ensures maximum processing accuracy. The edges are trimmed in the subsequent cutting module SM 54 before the head and tail of the sheets are trimmed in the second cutting module SM 54 and the greeting cards are separated. The cut cards are then folded to their final format in the fully automatic fold unit prestigeFOLD NET 52. This fold unit is characterised by its fully automatic setting features. All the important modules such as alignment rail, fold plates, fold rollers and deflectors are automatically set up by means of the centrally placed touch screen panel. The integrated job memory also allows the quick processing of repetitive jobs, thus reducing set-up times to a minimum.
(MB Bäuerle GmbH)

Newsgrafik #119283
 14.02.2018

Valmet to supply a wet end rebuild for Sappi Gratkorn Mill in Austria  (Company news)

Valmet will supply a wet end rebuild with installation for Sappi Gratkorn Mill in Austria. The goal of the rebuild is to improve paper machine (PM 9) efficiency, reliability and energy efficiency. The start-up of the rebuilt machine is scheduled for 2019.

Photo: Signing the contract. From left Max Oberhumer (Sappi), Marko Oinonen (Valmet) and Harri A. Heikkilä (Valmet).

The order is included in Valmet's first quarter of 2018 orders received. The value of the order will not be disclosed. The value of an order of this type is typically around EUR 10-20 million.

"Sappi has been relying firmly on Valmet in the past years. In addition to this new rebuild for Sappi Gratkorn, six other major ongoing or already started-up projects for Sappi are Valmet-supplied, the latest ones for Sappi Lanaken (start-up in 2019), Sappi Maastricht (2018), Sappi Sommerset (USA) (2018), Sappi Kirkniemi (start-up 2017) and Sappi Gratkorn PM 11 (2014). Our good OptiPress pressing technology references combined with the outcome of higher solids and better quality were success factors in this case, too," says Senior Paper Technology Manager Riikka Antikainen from Valmet.

Technical details about the delivery
Valmet's delivery includes number of modifications to the paper machine wet end. The press section will be rebuilt into an OptiPress Center with modern shoe press technology and the best runnability components available in the market. OptiPress Center provides higher solids and better runnability, thus, lowers energy consumption and improves efficiency. The off-machine coater will be equipped with Valmet Water Jet Turn-up Device for fast parent roll changes. All the equipment will be delivered with installation.

PM 9 produces coated fine paper grades in the design basis weight of 66 g/m². The mill has a total capacity of 980,000 tonnes/year.
(Valmet Corporation)

Newsgrafik #119233
 13.02.2018

Squaring the circle – what consumers demand of state-of-the-art packaging  (Company news)

The demands made by consumers on packaging are constantly changing and are often contradictory. Manufacturers have to combine convenience, sustainability and communication, and regularly update all these aspects. State-of-the-art packaging technologies and materials now offer opportunities to accommodate these demands. What are the global trends to focus on in 2018?

US market research agency Mintel has identified five global trends in a study that will set the direction for consumer packaging in 2018. In addition to reducing food waste and marine pollution, these include the increasing influence of online trading on packaging development, and minimised and clear messages on packaging. This last aspect relates to the state-of-the-art design of packaging for frozen products and long-life goods. It is particularly aimed at younger consumers, who are focusing more on fresh foodstuffs and therefore shop mainly from the chilled and fresh shelves, while increasingly turning away from long-life and frozen products.

Less is more
To make products more attractive to this group of buyers again, manufacturers are turning to innovative packaging designs and placing a greater focus on their unique selling points. For example, this includes transparent packaging that – quite literally – creates transparency and makes the content and volume visible for the consumer. That enables producers to take the offensive in dealing with preconceived notions – that the packaging contains lots of air and not much product, for example. Other approaches include giving packaging and labels an attractive design. This is where less is often more. Clear package messaging that communicates information and authenticity, rather than an overloaded design, makes the choices easier for more than just the younger buyers. In addition to long-life goods, it applies in equal measure to fresh and chilled products, as well as to drinks and household goods. Brand manufacturers in particular can score by adopting calmer designs for their products and maintaining the balance between too much and too little information.

The packaging speaks for itself
Consumers are better informed now than ever before. That is why they are demanding more from the products that they buy. The duty of meeting these requirements falls mainly on the packaging. Sophisticated shoppers also look for sustainable solutions such as recyclability, savings in terms of the amount of packaging, and the use of biomaterials that should simultaneously guarantee a long shelf life and safe transport. Packaging as the most important means of communicating with the purchaser can thus provide information not only about the contents but also about itself – how it helps to reduce food waste, how it can be recycled, or convenience aspects like how to re-seal it.

Every manufacturer has the objective of creating a positive purchasing experience through packaging, and therefore focuses on freshness, sustainability or convenience, depending on the target group. At
FachPack 2018, many companies in the packaging industry will provide their answers, and illustrate solutions for combining even contradictory market developments in an ideal and profitable way.
(NürnbergMesse GmbH)

Newsgrafik #119235
 13.02.2018

Europac Viana PM4 vacuum system is fully installed   (Company news)

Europac Viana PM4 vacuum system is fully installed and fulfills all guarantees. This turn-key vacuum system rebuild project includes five (5) Ecopump Turbos, one low vacuum EP Blower, new Ecodrop water separators and full Ecoflow system. Turnkey delivery includes equipment, mechanical installation, piping, automation and installation supervision.

Old vacuum systems had 10 liquid ring pumps and 2 blowers. Total power consumption of the vacuum system was 3900 kW and SEC was 76 kWh/t. Now after short optimization period total energy consumption is 1800 kW / SEC 35 kWh/t. Total energy saving is over 17 GWh/year or 1,7 MEUR/a.

Europac Viana do Castelo mill is located in North parts of Portugal. Viana PM4 is one of the bigger virgin fiber krafliner machines in Europe. Machine is 6,4-meter-wide and produces almost 400 000 t kraft paper a year.
(Runtech Systems Ltd)

Newsgrafik #119236
 13.02.2018

Voith NipcoFlex shoe presses rebuilt for Wanlida BM 4 and BM 5 with successful startup in one day  (Company news)

-Increase in operating speed of 50 to 80 m/min
-Improvement of dryness from 45% to over 50%
-Smooth shutdown and restart

On November 25, 2017, Voith Paper installed the new NipcoFlex shoe presses on the BM 4 and BM 5 paper machines at Wanlida Paper-Products Co., Ltd. The shoe presses were later started up successfully. The upgrade was part of a contract signed on August 11, 2016, according to which Voith Paper was to provide three NipcoFlex shoe presses along with the control systems for the second presses on the BM 3, BM 4, and BM 5 at Wanlida.

Photo: In the upgrade on the BM 4 and BM 5 machines, the entire process from shutting down to restarting was carried out smoothly. The two paper machines were designed to manufacture testliner paper from 100% domestic recycled paper with a basis weight of 120 to 200 g/m2 and a wire section width of 6260 mm.

In the upgrade on the BM 4 and BM 5 machines, the entire process from shutting down to restarting was carried out smoothly. The two paper machines were designed to manufacture testliner paper from 100% domestic recycled paper with a basis weight of 120 to 200 g/m2 and a wire section width of 6260 mm. When the new NipcoFlex shoe presses were put into operation on November 25, the operating speed of the two machines went up by 50 to 80 m/min and the dryness of the paper out of the press section went up from 45% to over 50%, while steam consumption and paper breaks were reduced appreciably and sheet strength improved considerably, well surpassing the expectations of the client. The shoe press upgrade on the BM 3 will take place soon.

“We are very satisfied with the overall performance of the machines following the shoe press upgrade, which has brought us tangible and notable benefits in terms of improved dryness, reduced energy consumption, lowered operating and maintenance costs, and improved operational efficiency,” said the client, greatly impressed.
(Voith Paper GmbH & Co KG)

Newsgrafik #119253
 13.02.2018

100 North American Companies Remove 'Go Paperless – Go Green' Claims  (Company news)

Two Sides’ anti-greenwash campaign reaches a milestone as more leading corporations change their marketing messages to recognize the sustainable features of print on paper

Two Sides North America confirmed that over 100 leading North American companies have removed or changed inaccurate anti-paper claims as a result of the group’s efforts.

The list includes many of the Fortune 500 companies in the financial, telecom, utilities and insurance sectors who have engaged with Two Sides and modified their marketing messages to consider the social and environmental benefits of print and paper, as well as the life cycle of sustainable forests and paper products. A full list of companies is available to Two Sides members.

“The ‘go green and save trees’ claims used to promote digital services over paper-based communications are misleading for many reasons, and they are a form of greenwashing that needs to be corrected,” said Phil Riebel, president of Two Sides North America. “The claims don’t consider the renewability of paper, or the numerous social, environmental, and economic benefits of well-managed North American forests, which in the U.S. have grown by over 1.3 million acres per year between 2005 and 2015, or approximately 22,000 tennis courts per day (United Nations Food and Agriculture Organization, Global Forest Resources Assessment 2005-2015).

According to a recent survey commissioned by Two Sides, U.S. consumers are skeptical about paperless green claims made by corporations. The survey, carried out by the global polling firm Toluna, found that 72% of U.S. respondents agree that claims about the switch to digital being better for the environment are made because the sender wants to save money. Furthermore, 73% agree that government, banks and other organizations want to persuade them to ‘go paperless’, but it’s not ‘paperless’ because they regularly have to print out documents at home if they want a hard copy. In fact, 68% find it easier to track their expenses and manage their finances when they are printed on paper. The full report and U.S. findings is available at http://twosidesna.org/Survey2017.

As part of its campaign, Two Sides also notes that it is false to associate paper with deforestation in North America. Deforestation is defined by the United Nations Food and Agriculture Organization as the conversion of forests to another land use or a permanent loss of forest cover. The UN definition specifically excludes sustainably managed forests where the forest is expected to regenerate naturally or via tree planting, as in North American managed forestlands.

Two Sides is urging companies to avoid greenwashing consumers by using best marketing practices that meet guidelines established by the U.S. Federal Trade Commission (FTC) and the Competition Bureau of Canada. Environmental claims cannot be vague and unsubstantiated - they must be specific, verifiable and based on credible facts. “Our experience to date is that many companies are so focused on reducing costs that they are ignoring marketing rules, the needs of their customers, and the environmental and social impacts of switching from paper to digital,” says Riebel.
(Two Sides North America Inc.)

Newsgrafik #119266
 13.02.2018

Valmet to supply a cooking plant rebuild and brown stock washing to Smurfit Kappa kraftliner mill ..  (Company news)

...in Piteå, Sweden

Valmet will supply Smurfit Kappa Piteå with a cooking plant rebuild into CompactCooking G2 and brown stock washing equipment for its mill in Piteå, Sweden. The order is included in Valmet's fourth quarter of 2017 orders received.

Photo: CompactCooking™ continuous cooking system

Valmet's scope of supply includes a new ImpBin(TM) with CompactFeed(TM) G3, pump feeding system and a new pressure diffuser. The start-up of the cooking plant rebuild and brown stock washing equipment is planned for May 2019.

"The rebuilt cooking plant will utilize the wood raw material more efficiently and lower the use of additive chemicals in the process. In addition, the cooking rebuild will lower the energy consumption within the process area which is in line with our sustainability goals," says Bo Johansson, Technical Manager at Smurfit Kappa Piteå.

"We are happy to see that Valmet's sustainable solutions bring value to our customers and that our cooking and washing portfolio is very strong," says Patrik Lidbäck, Sales Manager at Valmet.
(Valmet Corporation)

Newsgrafik #119278
 13.02.2018

ANDRITZ successfully starts up tissue machine with the world’s largest steel Yankee dryer in Brazil  (Company news)

International technology Group ANDRITZ has successfully started up the PrimeLineST W22 tissue machine with steel Yankee dryer and steam-heated hood delivered to Carta Fabril, for its mill in Anápolis Carta Fabril, Brazil.

Due to the outstanding and short commissioning period, paper production on the new tissue machine started well ahead of schedule.

The PrimeDry Steel Yankee delivered by ANDRITZ has a diameter of 22 ft. and thus is the largest in the world for tissue applications. The combination with the steam-heated hood enables highly efficient drying with substantial energy savings compared with conventional drying sections with cast Yankee dryers and gas-heated-hoods. The steam-heated hood is equipped with an innovative, automatic cleaning system to ensure easy maintenance and safe operations.

The ANDRITZ PrimeLineST W22 has a design speed of 2,100 m/min and a width of 5.55 m. It will produce tissue with grammage of 15 g/m2 that is used for two-ply toilet paper.The scope of supply also included the complete stock preparation plant and approach flow system, which processes 100% short fiber (eucalyptus) as raw material. The centerpiece of the line is the ANDRITZ Papillon refiner, which treats fibers gently in the cylindrical refining zone in order to achieve superior fiber properties at low energy consumption.

“The early start-up was only possible because of our cooperation with ANDRITZ. We are now proud to have the world’s largest steel Yankee, which is predicted to enable efficient drying with substantial energy savings. Our target is “green production” by minimizing energy consumption, liquid and solid waste, effluents, and CO2 emissions. The new tissue machine will use 100% renewable energy generated from biomass and converted into steam. The project presents a very good example of environmental, economic, and social sustainability,” says Victor Coutinho, CEO, Carta Fabril.

The successful start-up of the world’s first tissue machine with a 22 ft. steel Yankee confirms ANDRITZ’s strong position as one of the global market leaders for supply of complete tissue production lines, key components, and services.

Carta Fabril ranks among the key players in the Brazilian tissue business, covering the complete product range for tissue.
(Andritz AG)

Newsgrafik #119281
 13.02.2018

We wait for you for MIAC 2018 Exhibition in Lucca/Italy this October - 25th edition!  (Company news)

270 leading companies are waiting for you in Lucca (Italy) this 10.11.12 October to show you the latest technical developments used in the paper industry sector!

MIAC 2018: machinery and plants for the production of Paper and Paperboard
and for the converting of Tissue Paper.

THE EXHIBITORS
Come to Lucca in Italy this October and meet 270 International Exhibitors ready to show you their technologies, machinery and solutions.

MACHINERY / PLANTS
Search the machinery and equipment of the Exhibitors. Browse between the items to see which companies produce the product of your interest!
(Edipap Srl)

Newsgrafik #119213
 12.02.2018

Intelligent labelling solutions by Avery Dennison® open up new opportunities for converters  (Company news)

Picture: Intelligent labelling solutions by Avery Dennison® open up new opportunities for converters. (Photo: Avery Dennison, PR380)

Simplifying the route to smart-label packaging is the focus of a new Intelligent Labelling Solutions initiative from Avery Dennison. The Intelligent Labelling portfolio supports label converters as they explore new and sometimes unfamiliar opportunities in labelling and packaging. With a very broad range of options, the portfolio helps to maximise not only well understood capabilities, for example individually serialized digital print, but also evolving state-of-the-art technologies such as RFID.

Michael Sanders, senior product line director, Select & New Growth Platforms, at Avery Dennison, said that the opportunities opened up by intelligent labelling are enormous, and with the right support converters can create significant breakthroughs: “Converters are familiar with widely adopted barcodes and QR codes, including item-level customisation using digital print - and this portfolio simplifies material choices as mass customization grows and label batches shrink. Digitally printed labels are set to grow further as brand owners seek fresher and more relevant communication with consumers via quick changeovers and variable information printing.

“However, there is also huge untapped potential for more sophisticated technologies such as RFID. RFID options include ultra high frequency (UHF) inlays, commonly used for item level tracking and visibility, and near-field communication (NFC) inlays, increasingly being used for consumer engagement and payments. Packaging can be about far more than shelf impact – it can also transform logistics and enhance the consumer experience by enabling the connection to the digital world and the ‘Internet of Things’ (IoT). We are excited about the growth potential for converters made possible through intelligent labelling.”

Intelligent labelling applications are diverse, but there are several areas where the technology is especially important.

Inventory accuracy and supply chain optimization are the first important drivers, helping businesses to ensure a more effective logistics process by using RFID to track anything from a single item to an entire pallet.

Product safety and product authenticity are two further focus areas. Product expiration dates can be monitored far more easily using RFID, with commercial benefits that include first-in-first-out stock management (important in segments spanning everything from food to tyres). For highly perishable food and pharmaceutical products, technologies such as TT Sensor Plus™ 2 can help to protect goods in transit. TT Sensor Plus™ 2 is a label around one-third the size of a credit card which logs and stores temperature data throughout shipping. Data can then be uploaded to a smartphone using NFC at any point in the supply chain. The device replaces bulky and expensive conventional data loggers.

Content communication is also important. Consumers can gain additional value through personalised content such as recipe suggestions, giving brands a valuable marketing opportunity. An RFID label can even be used to prompt re-ordering of food in a smart domestic fridge.

Sanders explained further that although intelligent labelling is exciting in terms of new business opportunities, converters have to make sure that their chosen solution is both cost-effective and practical: “We offer all of the technical support, portfolio choices and service needed to make sure that converters see successful application outcomes. There is no doubt that intelligent labelling is an important direction of travel for the labelling industry, and as the world’s largest UHF RFID partner with over 800 patents and applications worldwide, Avery Dennison is committed to driving that movement. We are providing converters with not only the right products, but also initiatives such as our I.Lab facility in Oegstgeest, the Netherlands, allows converters to see and experience the new technologies for themselves.”
(Avery Dennison Label and Packaging Materials Europe)

Newsgrafik #119217
 12.02.2018

Feldmuehle Completes Portfolio with Standard Label Paper EmbaSet  (Company news)

- Excellent printing results for standard labels
- Product developments are continued despite filed insolvency
- Company announces further innovations

Feldmuehle Uetersen GmbH continues its operations unimpeded during the provisional insolvency proceedings. This is evidenced by the introduction of the new product EmbaSet – a high-quality and high-gloss paper for standard labels. The product development at the paper mill continues to operate at full speed and has announced further innovations for the current business year.

„We are continuing the restructuring process that has already begun at the end of 2017. Our filed insolvency proceedings of 24 January are not the end of a path, but rather mark the turn into a more economically successful future,” says Heiner Kayser, Managing Director. „Suppliers, customers and employees remain loyal to us. New orders and deliveries are received every day.”

With more than 50 years of expertise Feldmuehle is one of the world's leading manufacturers of label papers and is now offering also a non wet strength paper. “EmbaSet is suitable for standard labels for non-returnable containers in the food and non-food industry. The high white and high gloss surface of the paper ensures excellent printing results,” says Martin Mönke who is responsible for the Labelling Applications business area at Feldmuehle. At the same time, EmbaSet stands for exceptional efficiency and reliability in processing: thanks to its great runnability, it allows for the highest speeds in printing and labelling, and is distinguished by its excellent lay-flat and high strength.

"With the introduction of EmbaSet, we can now offer our customers a complete range of label papers suitable for every application", says Kayser. With more than 30 products on offer the company presents the most comprehensive portfolio available on the market. EmbaSet is available in basis weights of 80 and 90 g/m², and is suitable for offset, flexographic and rotogravure printing.
(Feldmuehle Uetersen GmbH)

Newsgrafik #119219
 12.02.2018

Welcome to CorrugatEX, a new sector at PAP-FOR 2018 dedicated to board, corrugated board,...  (Company news)

... packaging and equipment!

PAP-FOR, the biggest exhibition in Russia, the CIS countries and Eastern Europe gathering over 6000 professionals of paper, board and packaging industries, headlines the market trends and introduces a specialised section in order to deliver the best global technologies for corrugating, converting and packaging equipment to target buyers.

CorrugatEX provides valuable opportunities for board and packaging equipment companies:
-establish direct contacts with the major producers of board and packaging from Russia and CIS countries;
-grow sales: 45% of visitors are interested in packaging equipment, machinery for production of board, corrugated board and printing; 31% - in purchasing of board and corrugated board; 16% - in packaging and ready-made paper products.

Product profile:
-Base papers
-Board and corrugated board
-Packaging
-Label paper
-Corrugating and converting equipment
-Chemicals and aids
-Consumables
(Reed Exhibitions)

Newsgrafik #119221
 12.02.2018

Lucart has acquired the Spanish Group CEL Technologies & System and strengthens its presence ...  (Company news)

...in the European tissue paper market

The Lucca-based Group continues its development in the markets of paper for hygienic and sanitary use in Europe.

Lucart welcomes 2018 with a major investment aimed at strengthening its market position in the Iberian peninsula, through the acquisition of the assets of the Spanish Group CEL Technologies & System.
In the summer of 2017, the CEL Group had to initiate an extraordinary administration process during which a tender procedure was launched for the sale of its production assets. The acquisition by Lucart was finalised on 31 January through a newly established company, Lucart Tissue & Soap S.L.U.
Lucart’s project for restarting the business includes an investment plan of more than €20 million over the next 5 years.

With this operation, Lucart has acquired three production facilities in Spain, in the Basque Country near the city of Bilbao, designated for the production and conversion of tissue paper and the production of personal care soaps and detergents in the Away from Home industry. The acquisition also includes a substantial de-inking plant, which will allow Lucart to exploit its know-how in the sector of high-quality recycled ecological tissue paper, further consolidating its position as a leader in this field.
In terms of logistics, the geographical location of the plants is ideal for Lucart for serving both the Iberian and French markets.

In order to gradually resume production, Lucart has confirmed 146 jobs in the three plants acquired, with a business plan that envisages the following:
- restarting two continuous machines at the Aranguren plant, for an overall capacity of 50,000 tonnes per year;
- gradually restarting and implementing the converting activity in the Gunes plant;
- the development and strengthening of soap and detergent production activities in the Artziniega plant, which has never been discontinued.

‘This acquisition will allow us to continue to strengthen our presence in the tissue paper market, in line with the company’s strategic growth plan in European markets, serving all of our Group’s Business Units,’ Massimo Pasquini, CEO of Lucart, explained.
(Lucart Group)

Newsgrafik #119222
 12.02.2018

Toscotec will provide four new AHEAD-2.0M tissue machines to Vinda Hubei Xiaogan mill  (Company news)

Vinda International Group purchased four new Toscotec AHEAD-2.0M tissue machines, to be installed in its new production base in Xiaonan district, Xiaogan, Hubei. Toscotec will deliver the first two lines in mid-March and the second two in mid-May 2018.

PM1, PM2, PM3 and PM4 will have similar configurations, including second generation large diameter TT SYD and Toscotec’s most recent technological developments in dryness efficiency, taking its widely acknowledged energy saving results to the next level.

The four AHEAD-2.0M are scheduled to come online by the end of 2018, leading to a total production increase of over 120,000 t/y for Vinda. This year the Italian supplier is also delivering two AHEAD-2.0M tissue machines to Vinda’s new Yangjiang mill in Guangdong. Overall, these six Toscotec-supplied lines will add a total of over 180,000 tons to Vinda International’s annual production output.

Toscotec Chief Executive Officer Mr. Alessandro Mennucci stated, “We know that this large project at the heart of China’s central region is of strategic importance to Vinda, and we are proud to be part of it. Toscotec will be there with today’s best available tissue technology, including our latest advancements. I am confident that Vinda will appreciate the benefits of the AHEAD-2.0M in terms of both tissue quality and consumptions.”

Located in the high-demand central China tissue market region, Vinda’s new Hubei mill will become another important strategic production base for Vinda Group.
(Toscotec S.p.A.)

Newsgrafik #119249
 12.02.2018

ANDRITZ to modernize DIP line at Metsä Tissue, Finland  (Company news)

International technology Group ANDRITZhas received an order from Metsä Tissue to modernize and upgrade the existing DIP line at the Metsä Tissue mill in Mänttä, Finland.

The new DIP line is to supply the furnish for all three tissue machines at the Mänttä mill and will process medium- to high-quality recycled paper grades to be used as raw material for production of various tissue products.

ANDRITZ will upgrade the pulping process with a new detrashing system – comprising a FibreGuard Detrasher, a FibreWash Drum, and a Detrashing Pump – to increase pulp quality through early removal of non-disintegrated reject materials.

In the three-stage coarse screening process, three new screens – type ModuScreen F and TC – with the latest slotted screen baskets and an AhlCleaner RB will be installed to ensure efficient removal of coarse contaminants at minimum fiber loss.

An ANDRITZ SpeedWasher will separate inorganic material, such as filler and coating pigments, from the fiber suspension to enable low ash content at the end of the line. An ANDRITZ Pulp Screw Press further dewaters pulp that is suitable for subsequent dispersing.

In order to meet the high quality requirements of certain tissue products, Metsä Tissue opted for installation of an ANDRITZ SelectaFlot flotation unit to improve brightness and remove ink particles at low fiber loss and energy consumption.

Basic engineering, dismantling of the existing equipment, erection, commissioning, start-up, and training will likewise be supplied by ANDRITZ to minimize the shutdown period.

Metsä Tissue is part of the Metsä Group, one of the largest forest industry groups in the world. The Mänttä mill has approximately 400 employees and produces toilet tissue, household towels, paper tissues, industrial tissue rolls, and greaseproof paper for baking and cooking. Mänttä was the first mill in Finland to use recycled fibre in tissue paper.
(Andritz AG)

Newsgrafik #119133
 09.02.2018

Better Performance, Better Value!  (Company news)

Bordeaux’s water-based textile ink both for direct and sublimation printing on polyester fabrics or mixed polyester synthetic fabrics, offers the perfect combination between technology and a better environment. The ink series provides trustworthy, high quality print with outstanding productivity.

Main Advantages:
• High density nano ink uses less water and more dyes to deliver outstanding quality and ink yield
• Ink specially formulated to stop bleeding and dye migration
• Fast drying ink supports high speed printing for volume orders
• Environmentally friendly, water-based low odor ink
• Bright and vibrant colors (C,M,Y,K,HDK, Lc, Lm)
• Superior stability and high level of jetability
• Compatible with Piezo Drop on-demand technology
( DX-5™, DX-6™ and DX-7™)
• Significant savings over OEM inks

Printer compatibility:
Epson SureColor F-Series (Chip Available ), Mimaki, Roland, Mutoh, D-Gen, Velotex and others

EDEN Dye Sublimation series
EDEN TX2™ ink for direct and transfer onto polyester fabric and polycoated transfer papers.

Offering: 1 Liter bottle and 5 Liter Jug (C,M,Y,K, Lc, Lm)

Applications: Promotional items, Banners& Flags, Tradeshow graphics, Fashion apparel, Sportswear, Interior design
(Bordeaux Digital PrintInk Ltd)

Newsgrafik #119201
 09.02.2018

Europapier takes a participation in the packaging specialist Carl Bernh. Hoffmann GmbH ...   (Company news)

... in Jeging, Austria

Last Friday, Europapier International AG, a member of the Heinzel Group, signed an agreement with Carl Bernh. Hoffmann GmbH & CO KG in Kaarst, Germany, regarding the purchase of a 38.33% participation in Carl Bernh. Hoffmann GmbH in Jeging, Upper Austria (subsequently referred to as “Hoffmann”). At the same time, Europapier International AG also acquired a 49% stake in Rinner GmbH, Hoffman’s current majority shareholder.

The agreement between the owners, Sabine and Maximilian Rinner, and Europapier foresees continued operation of the company in its current form. In addition, it represents a foundation for the creation of a packaging competence centre within the Europapier Group’s merchant operation. The present organization and executive management headed by Max Rinner will remain unaltered.

The acquisition constitutes another major step for the Europapier Group towards the further diversification of its customer and product portfolio. Hoffmann is one of the leading packaging merchants in Austria and offers customized solutions for both commercial and industrial purposes. As a result of this intensive customer focus, during recent years the company has demonstrated growth well above the industry’s average.

Europapier will act as a strong, strategic partner for Hoffmann and thus enable its further growth in Austria, as well as expansion into neighbouring CEE countries. In particular, Hoffmann now has access to the Europapier Group’s logistics network in all its markets.

The agreement with the previous Carl Bernh. Hoffmann GmbH shareholders is subject to the approval by the anti-trust authorities.
(Europapier Austria GmbH)

Newsgrafik #119204
 09.02.2018

Bain Capital Private Equity acquires Fedrigoni  (Company news)

Bain Capital Private Equity, a leading global private investment firm, announced that it has signed a definitive agreement to acquire Fedrigoni, a leading global producer of specialty papers and self-adhesive labels. The Fedrigoni family will retain a minority stake in the business.

Established in 1888 and headquartered in Verona, Italy, Fedrigoni is internationally recognised for its high-quality product range and customer service. In 2017, the Company is expected to generate sales of approximately €1.1bn. It has manufacturing facilities in Italy, Spain and Brazil and a global distribution network, with more than 2,700 employees. .

Fedrigoni sells directly to its multinational customers including fashion houses and fine wine producers, through its own distribution network. Its products include special papers for luxury packaging and labels for the food and beverage and pharma industries.

“Fedrigoni is an exciting business with strong brands and differentiated offering in speciality products,” said Ivano Sessa, a Managing Director at Bain Capital Private Equity. “We believe Fedrigoni has the potential to grow significantly, both organically and through acquisitions, and look forward to partnering with the management team to accelerate this as we have done in several other industrial global businesses. We are delighted to be building on our industrial and Italian franchise, following our recent investments in European finTyre Distribution and several others.”

“In 130 years of history, the Fedrigoni family has fully supported the growth and development of its eponymous business, reaching a leadership positioning in European specialty papers and labels. Capitalising also on its recent foreign acquisitions in the U.S.A. and in Brazil, today Fedrigoni is an international player requiring additional resources to support its global ambitions” said Alessandro Fedrigoni, Chairman of Fedrigoni. “We have found in Bain Capital the ideal investor to drive Fedrigoni into its next stage of global development given its deep industrial expertise, operational skills and its worldwide pool of resources.”

The transaction remains subject to approvals by competent regulatory authorities.

Fedrigoni was advised by BNP Paribas, Gianni Origoni Grippo Cappelli & Partners and Canestrari & Crescentini Associati. Bain Capital was advised by Rothschild, Poyry Consulting & Capital, Fisher International, PwC, Latham & Watkins, Kirkland & Ellis and Pirola Pennuto Zei & Associati. BNP Paribas, HSBC, UBI Banca and KKR will be the joint bookrunners on the associated financing.
(Fedrigoni)

Newsgrafik #119211
 09.02.2018

Muller Martini and Kolbus Set the Strategic Course for Their Future  (Company news)

Muller Martini takes over the perfect binding and bookline business from Kolbus. This includes also the service and spare parts business for all Kolbus bookbinding systems installed worldwide. Kolbus sets the focus on the packaging and case making business, parts manufacturing and the foundry business.

Photo: Bookjet® system: Perfect Binder KM 200

“Structural change has changed the graphic arts industry in recent years and our market has become much smaller and versatile at once”, says Bruno Müller, CEO of Muller Martini. “Customers need innovations on a regular basis, which have to be financed with lower sales quantities. Above all, our customers benefit from the efficiency gains bringing together the bookbinding activities.”

The market changes are directly affecting our customers, which are faced with new business models like digitization. By combining the potentials for success like personnel, know-how, technology and infrastructure of the two companies, Muller Martini can provide the market with innovative solutions in the long term. “This secures the future of the softcover and hardcover business of both the customers and the two machine manufacturers – and thus also jobs in the graphic arts industry”, Bruno Müller says.

Continued Production in Rahden
The bookbinding business of Kolbus is transferred to the new business unit Müller Martini Buchbinde-Systeme GmbH, which will be integrated into the Muller Martini group with all dedicated employees as an independent factory with domicile in Rahden. Kolbus will remain under the direction of CEO Kai Büntemeyer. With 900 employees, Kolbus sets the focus on the packaging and case making business, parts manufacturing and the foundry business. Kai Büntemeyer is convinced that with this step Kolbus creates good opportunities for a successful future: “In recent years, the packaging market was growing consistently. We see a good potential and will vigorously expand our current activities in this business. There are also very good perspectives in the segment of component manufacturing for sophisticated mechanical engineering companies including Müller Martini Buchbinde-Systeme GmbH and Kolbus Luxury Packaging.”

Machine Portfolio and Know-how Remains
The know-how of the Kolbus machine portfolio is taken over, backed up and further developed by Muller Martini. The approximately 250 Kolbus employees from the bookbinding department will be taken over by Muller Martini in Rahden at the same employment conditions. The staff in the packaging and case maker segments will continue to work for Kolbus.
(Müller Martini Marketing AG)

Newsgrafik #119229
 09.02.2018

Aurelius successfully completes acquisition of Spanish packaging specialist Abelan  (Company news)

-Deal represents Aurelius’ third acquisition in the European packaging sector since 2015
-Aurelius plans to further strengthen its operations in the packaging sector
-Three manufacturing facilities in Spain and France
-Projected revenues of c.€70m in 2017

AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) successfully completed the acquisition of Abelan Board Industrial S.L., a major producer of core board and solid board packaging products operating out of Southern Europe, as of January 31, 2018. The deal represents AURELIUS’ third acquisition in the European packaging sector since 2015 and will further strengthen the Group’s operations in this market. The financial terms of the deal are undisclosed. Aurelius plans to further strengthen its operations in the packaging sector via strategic add-on acquisitions going forward.

Founded in 1911, Abelan has grown to be one of Europe’s leading providers of core board and solid board packaging solutions. The Company is headquartered in San Andrés in northern Spain and employs c.250 people across three manufacturing facilities in Spain and France. It is projected to generate revenues of approximately €70m in 2017. Abelan has two key areas of expertise: the production of core board, for cardboard tubes, boxes and other applications within packaging, and its solid board packaging division, which supplies a large variety of boxes and trays to major distribution brands in the European agricultural, meat, flower and various other industries.

Managing Director of Abelan, Simón Roda, will continue to lead the Company. Abelan will be combined with AURELIUS investee company Solidus Solutions, one of Europe’s leading producers of solid board, graphic board and solid board packaging with c.1,000 employees. Solidus has production facilities in the Netherlands, Belgium and the UK, having integrated its sites after AURELIUS acquired the Northern European activities of Abelan in June 2016, as well as dedicated sales offices in France and Norway. AURELIUS’ acquisition of Abelan, and the integration of its production facilities and customer base into Solidus, will create synergies across both companies’ production, purchasing and sales. In addition, it will strengthen Solidus’ access to Southern European markets and establish Solidus as a leading player in the areas of solid board, graphic board and core board.
(AURELIUS Equity Opportunities SE & Co. KGaA)

Newsgrafik #119238
 09.02.2018

Valmet to replace its first-ever Damatic Classic automation system delivered at Pankaboard's ...  (Company news)

... board mill in Finland

Valmet will replace the first-ever Damatic Classic automation system delivered with a DNA automation system at Pankaboard's board mill in Lieksa, Eastern Finland. The system has been operating since 1979. Additionally, Valmet will also upgrade the mill's existing Valmet Damatic XD automation system to Valmet DNA. The new system will increase process availability and improve its performance.

The order was included in Valmet's fourth quarter 2017 orders received. The project will be executed in several stages and completed by mid-2019.

"At Pankaboard, we regard this project as an all-important business development project, and one that an advanced automation system supports well. The new system will enable us to develop our customer need-based and flexible operating model more cost efficiently," says Lauri Junnila, Managing Director, Pankaboard Oyj.

"New information management tools will provide the mill with a whole new dimension to process operations, giving operators access to the trend and event history straight from the operator interface. Together with functional descriptions linked to the controls, this will enable faster troubleshooting," says Juha Mykkänen, Sales Manager, Automation, Valmet.

Information about Valmet's delivery
The new Valmet DNA automation system will replace the current control systems in the stock preparation, on board machines BM2 and BM3, and in the integrated biofuel plant. Pankaboard currently has three generations of Valmet-supplied automation systems: Damatic Classic, Damatic XD and Valmet DNA.

In addition to the automation replacement, Valmet will upgrade the biofuel plant control room. Startup, commissioning, training and spare parts are included in the delivery scope.
(Valmet Corporation)

Newsgrafik #119248
 09.02.2018

Cham Paper Group: Extraordinary General Meeting approves all proposals  (Company news)

The extraordinary 106th General Meeting of Cham Paper Group Holding AG took place in Cham on January 29. Agenda items included amendments to the Articles of Association in connection with the sale of the paper business to the South African Sappi Group as announced on 5 December 2017. At the General Meeting, a total of 76.6% of the share capital entitled to vote were represented.

The motions of the Board of Directors were all approved by a clear majority. The shareholders particularly agreed to a name change to Cham Group AG and to a change in the company's purpose.

Closing of the sale of the paper business is expected to take place at the end of February 2018. The ordinary 107th Annual General Meeting of Cham Group AG will be held on 2 May 2018.
(Cham Paper Group Switzerland Inc.)

Newsgrafik #119148
 08.02.2018

Kartonsan selects Greycon for new Production Planning and MES systems with SAP   (Company news)

Turkish coated cardboard producer, Kartonsan has appointed Greycon to implement its full range of solutions including opt-Studio for production planning, X-Trim for trim optimisation and GreyconMill (photo) as Manufacturing Execution System at its facilities in Turkey.

Kartonsan is the leading coated cardboard producer in Turkey with about 40% market share, and is the 4th largest producer in Europe. Founded in 1967, Kartonsan has been increasing its capacity and production volume over the last few years by investing in the expansion and modernisation of the company.

Mr. Umit Ozkan, Mill Manager at Kartonsan said: “Production power supported by expertise, experience and technology, as well as strong corporate competencies and efficient human resources are among the most important factors and the founding principles for Kartonsan. The implementation of Greycon’s products will ensure we continue to meet and exceed our customer’s needs delivering superior customer satisfaction based on uncompromising quality standards as well as on our production and logistics capacity.”

Greycon’s systems will bring numerous benefits to Kartonsan including:
• Trim efficiency – expected improvement between 0.5% and 1.0% of reduced waste;
• Improved item genealogy and quality tracking;
• Production progress visibility for planning and sales department with opt-Studio and web reports;
• Customer service improvements due to scheduling capabilities.

Constantine Goulimis, CEO at Greycon commented: “Kartonsan maintains its production procedures with a high level of environmental awareness and a minimum use of natural resources and pollution. The usage rate of waste paper in Kartonsan is 99%, exceeding the average use in Europe. We are excited to be working with Kartonsan to implement this project and embed our solutions to assist them in furthering their achievement of targets and objectives, both in economic growth and sustainability.”
(Greycon Ltd)

News-Paginierung #2