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Newsgrafik #118767
 12.12.2017

Siegwerk strikes new paths to further shape the future of packaging  (Company news)

Digitalized processes and strategic partnerships with relevant start-ups will enable the ink manufacturer to confront future industry trends in an optimum way and further shape the future of packaging.

Siegwerk, one of the leading global providers of printing inks for packaging applications and labels, is one of the pioneers in shaping the future of packaging. With its packaging expertise and ink development know-how the company is a well-accepted partner for its customers worldwide. By providing a combination of best-in-class ink performance, optimum product safety and continuous support and guidance, Siegwerk always makes every effort to help its customers address upcoming trends and to meet their specific needs with cutting-edge ink solutions. That’s why the company has started some forward-looking initiatives to gain even more efficiency and achieve faster reaction times to future trends. Strategic partnerships with relevant start-ups as well as digitalized processes will help the company setting sails for a successful future and expanding its leading position in the packaging market.

Partnering with start-ups
The strategic collaboration with relevant start-ups is key for the company to gain important insights in new ideas and developments that might initiate innovative ink developments to address upcoming trends in the ink and packaging industry. “Start-ups are home of trendsetting ideas and an exceptional inventive spirit,” explains Christoph Barniske, Head of Digital Business at Siegwerk. “We as established market player can support start-ups with our technical expertise to develop their ideas to product maturity and successfully launch them to the market.” Siegwerk is concretely looking for technologies and innovations to support the development of pioneering packaging concepts.

The future of packaging is about connecting product and consumer by adding unique features to the packaging causing the need for innovative ink solutions. Smart packaging, for which intelligent pigments or functional coatings are needed, or the internet of packaging, that uses integrated digital tags to interact with the consumer, are just two exemplary areas of new packaging approaches. At the same time, sustainable and eco-friendly packaging and manufacturing processes will continue gaining importance for brand owners, converters and of course consumers. Assessing ways of enhancing the ecological footprint of the company’s inks with no loss of performance is one of Siegwerk’s key R&D efforts since years already.The company is always looking into further opportunities to enable entirely new and more sustainable packaging solutions.

Siegwerk has already started the first discussions with start-ups and plans to set up a systematic process for both, screening the start-up scene for potential partners and offering interested start-ups an easy platform to introduce themselves to the company and discuss the potential of a collaboration. Siegwerk has recently launched a microsite where potential start-ups can contact Siegwerk’s digital unit. http://startups.siegwerk.com/en

Digitalized processes
Siegwerk has made a strong commitment to digitalization this year in order to take account of inevitable changes in good time. The company has established a new digital business unit to understand how customer proximity and big data can help to improve its services to customers, to enhance the work of the sales teams and to initiate new infrastructure projects designed to generate worldwide synergies. “It’s all about making the company ready for the future and helping customers to achieve optimum performance by providing modern solutions and services,” says Herbert Forker, CEO of Siegwerk, about the goal behind the company’s digital transformation. The Berlin-based digital unit is focusing on digital services that will improve the interaction between Siegwerk, its customers and brand owners. Therefore, the team determines the relevant pain thresholds that customers have and analyzes whether digital processes could help to improve and simplify the day-to-day work of customers and thus enhance the overall customer journey and increase efficiencies.
(Siegwerk Druckfarben AG & Co. KGaA)

Newsgrafik #118769
 12.12.2017

Lucart boosts production performance with a new Toscotec – supplied tissue rewinder at ...  (Company news)

...Laval sur Vologne mill, in France

Lucart has recently started up a new tissue rewinder TT WIND-P supplied by the Italian machinery producer Toscotec at their facility in Laval sur Vologne – France.

The tissue rewinder model TT WIND-P features 2 unwind stands and handles parent rolls of 2900 mm width and 2600 mm diameter at the maximum speed of 1400 mpm. Toscotec’s machinery is equipped with a slitting unit of 150 mm min width, automatic control of all unwinding and rewinding operations and sectional drive system.

This turnkey project includes Toscotec’s proprietary automation and control system. This recently developed system is integrated into Toscotec’s rewinder technology and guarantees a significant increase in efficiency and productivity. Supervision during erection, commissioning and start-up was performed by Toscotec’s Service division YES – Your Expert Service.

The new "state-of-the-art" rewinder serves the PM9 tissue machine and represents another important collaboration between Lucart and Toscotec after the rebuilding of PM10 in late 2016.

Lucart’s sas President Mr. Alessandro Pasquini declared: “Toscotec has been working with us since 2008. They have grown to become a strong partner for Lucart and we are now cooperating on a number of interesting projects. This new rewinder at Laval sur Vologne mill has been performing well and meets our expectations.”
(Toscotec S.p.A.)

Newsgrafik #118772
 12.12.2017

Smurfit Kappa has won two prestigious PPI awards, demonstrating its leadership in the ...  (Company news)

...global paper industry

Organised by RISI, the PPI awards recognise the stand-out achievements in the global pulp and paper industry.

Smurfit Kappa operations from both sides of the Atlantic were lauded with the company’s Zülpich Paper Mill in Germany winning the ‘Resilience – Managing Risk’ award and the Cali Paper Mill in Colombia taking the prize for ‘Bringing Paper to Life – Innovative Printing & Writing Campaign of the Year’.

The Zülpich Mill, which was established in 1873, has an exemplary record in health and safety and a robust risk management strategy. Speaking about the award, Christian Ludwig, Managing Director, said: “We have always had the full support of the Group to build up our resilience strategy to the standard is at today and we are encouraged to take an innovative approach to finding solutions.

“I would like to thank my team in Zülpich for going the extra mile across all activities and our day-to-day business.”

The Cali Paper Mill certainly delivered on the brief of ‘Bringing Paper to Life’ with its CartoPrint school paper display. The vibrant appearance of the product, which was created in a collaboration with the Packaging Division, was inspired by its sustainable forestry origins and the ongoing work to preserve biodiversity that the company carries out.

Luis Vasquez, Sales Manager of the Pulp and Paper Division, said: “The bold colours and multi-sensory CartoPrint display is a talking point in many stores and invites customers to explore it further.

“Like with all our products, we seek to promote the life cycle of paper within a circular economy, while bringing innovation to every stage of the production process.”

Smurfit Kappa maintains full transparency and traceability for the complete fibre flow through the plantations and forests it owns and manages in the Americas, and is the No.1 producer of kraftliner and recycled containerboard in Europe.
(Smurfit Kappa Group Headquarters plc)

Newsgrafik #118774
 12.12.2017

Rengo Completes Conversion of Kanazu Mill’s No. 2 Paper Machine to Produce Both ...  (Company news)

... Corrugating Medium and Linerboard

Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces the completion of conversion of its containerboard machine at Kanazu Mill (Awara-shi, Fukui Prefecture) from one dedicated to producing corrugating medium into one also capable of producing linerboard.

Photo: Front view of paper machine from reel part

In addition to conversion of the machine, the stock preparation process, which greatly affects the quality of containerboard, has also been revamped to further improve product quality. At the same time, the paper machine has been made to meet the rising demands for lightweight containerboard due to environmental considerations, and reborn as a cutting-edge equipment dedicated to saving both energy and resources.

Currently, Rengo Group produces containerboard at six mills in Japan. This conversion was conducted as part of the work currently underway to restructure the production system and consolidate to five mills. Consolidation will increase the operating rates of paperboard mills, and at the same time improve the supply and demand balance of linerboard and corrugating medium, thereby further strengthening the foundation of the paper business.

Rengo Group has many plants in Fukui Prefecture, including Kanazu Mill. With this conversion, Rengo Group hopes to continue supporting the further economic growth of Fukui Prefecture through packaging, and at the same time contribute to the local community such as by boosting employment.
(Rengo Co Ltd)

Newsgrafik #118719
 11.12.2017

Simple and minimalist with great complexity  (Company news)

Picture: Jimmy Choo’s L’EAU is an example of a simple and minimalist design that requires complex processing. For the project the converters Draeger and licensee Interparfums chose to use Invercote from Iggesund Paperboard. ©Iggesund

In the world of packaging it is sometimes complicated to achieve something that looks simple, minimalist and elegant. The paperboard cartons for Jimmy Choo’s L’EAU that was launched in summer 2017 is a clear example of this. Its colour is pale pink apart from the brand, the name of the contents, and the fact that it is an eau de toilette. Yet the packaging has passed through twelve finishing stages.

The carton is made of Invercote from Iggesund Paperboard. Conversion is by the distinguished French printing company Draeger on behalf of Interparfums. The packaging is offset printed on both the inside and outside. The printing on the inside is in a pale pink shade, which creates the mood around the bottle. Externally the packaging has a blind-embossed snakeskin pattern plus two rows of text on the front. The outside is also laminated with soft touch film, matt varnished, and foil embossed with both silver film and holographic film.

“Our choice to use Invercote G was motivated by the fact that its smooth surface allowed a very faithful reproduction of our design in terms of color and hot foil stamping. It also brings great embossing properties to achieve the impressive snakeskin pattern on the whole packaging” says Axel Marot, Supply Chain & Operations Director at Interparfums. For producers of advanced paperboard packaging involving many finishing stages, one paperboard property can be of critical importance to the end result: dimensional stability. This may not be the first thing people consider when choosing a material but experienced converters always include it in their calculations.

“If you have twelve finishing stages and get a misregister at stage ten, you don’t just lose the material but also all the work you invested prior to that,” explains Edvin Thurfjell, product manager for Invercote. “In today’s world of ever-increasing time pressure you also risk missing delivery times – and for many projects that just cannot be allowed to happen.”

In Invercote’s case the secret is a combination of a high proportion of long cellulose fibres from pine and spruce plus the sulphate process that extracts these fibres in a gentle way. In addition, the paperboard is constructed in several layers. This is not only important for dimensional stability; it also reduces the risk of cracks in creases compared with single-ply paperboard and paper. However, there is no simple measurement of dimensional stability that customers can find among the lists of specifications from paperboard manufacturers.

“For people who do read these specifications, two clues are high values for tearing strength and tensile strength. But I believe that a large proportion of our customers have discovered this strength from their own experience,” Thurfjell says.

As a product manager he believes, naturally enough, that people should pay more attention to their choice of material.

“As someone who is interested in packaging, I think it’s a pity when people compromise on their choice of material and endanger all the work that’s been invested before the production even starts. When people hire the best creatives and choose star photographers and models but don’t understand that the quality of the packaging material must be correspondingly high, then I do wonder if they’re thinking along the right lines.”
(Iggesund Paperboard AB)

Newsgrafik #118737
 11.12.2017

Award to Circular textile paper project   (Company news)

Archana Ashok (photo) was awarded the Bo Rydin Foundation for Scientific Research grant for Best Master’s Thesis Project 2017. Her project “Textile paper as a circular material” was carried out within the transdisciplinary TechMark Arena master students’ academy at RISE Bioeconomy division.

Bo Rydin Foundation for Scientific Research annually awards a grant for the year's best master's degree project within SCA's strategic areas; personal hygiene products, tissue paper or forest products.

Archana Ashok, KTH, is rewarded for her project “Textile paper as a circular material” which evaluated circularity of a new paper manufacturing concept where the raw material is largely made up of low value fibres from textile recycling plants. According to the circular economy framework, this is a cascade recycling of fibres from the textile industry to the paper industry, forming thus an industrial symbiosis.

Previously, the textile paper material was produced on a pilot scale at RISE and used as the cover of the Global Outlook report A Cellulose-Based Society, demonstrating thus technical feasibility of producing this circular material. Archana's project took the concept to a new level by investigating whether the textile paper is suitable as a circular packaging material for paper bags. In particular, evaluations of technical performance, environmental and economic aspects of the new material as well as market conditions were combined in a multi-dimensional context of circular economy. The result showed that it could be better to use low value textile fibres as a circular material instead of incinerating it, which is a common practice nowadays.

“Archana's project was unique because it was the first time that we both evaluated and quantified the circularity of a new material by applying circular economy framework. Both research and industry actors will be able to use her results as a guideline and inspiration in evaluating their materials and products,” says Tatjana Karpenja, one of the supervisors at RISE.

“The 6 months journey at RISE was really exciting and fun-filled with the TechMark Arena group having lots of discussions and workshops on circular economy,” says Archana Ashok.

This is the second time in three years this prize goes to a student at TechMark Arena. This transdisciplinary academy brings together master students from various backgrounds in order to work on a common theme. This arrangement encourages a broader approach to a topic and ensures a greater exchange of ideas between students and increased knowledge sharing between different projects. Archana’s supervising team involved Tatjana Karpenja, Marie-Claude Béland, Karin Edström, Hjalmar Granberg and Ida Kulander.

Another project from TechMark Arena 2017 was nominated for the award. Emma Dahlgren at Linköping University with her project “Exploring biodegradable electronics”, aimed at an innovative area, using cellulose substrates for electronics, which would bring both environmental benefits and cost advantages. This research field is an expanding research area currently being explored within RISE.
(RISE AB)

Newsgrafik #118756
 11.12.2017

Case Paper: New Sheeter Increases Converting Capabilities by 30%  (Company news)

Case Paper recently completed the installation of a MarquipWardUnited sheeter at their Chicago, IL plant. The new equipment provides custom-sized sheets of both paper and paperboard and has increased the plant’s sheeting capabilities by 30% to approx. 30,000 tons a year.

The third sheeter to be installed at the Chicago location and the tenth converting equipment purchase by the company over the past seven years, Case Paper’s latest acquisition utilizes industry-leading sheeter knife technology. And with a three-pocket slitting system and series of pulsed air jets, the sheeter offers enhanced reliability at higher running speeds. Moreover, side and lateral jogging help operators stack the sheets more efficiently.

“Along with a skilled workforce and a solutions-based management team, our latest purchase will enhance our ability to deliver paper and board more quickly to our valued customers throughout the Midwest,” said Robin Schaffer, President and CEO of Case Paper.

Even as the paper and board markets continue to contract, Case Paper’s investment in state-of-the-art technologies has positioned the company as one of the only distributors that can convert and deliver skids or rolls anywhere in the U.S., usually within 48 hours or less.
(Case Paper Company Inc.)

Newsgrafik #118758
 11.12.2017

Rottneros introduces new organisation for increased market and productivity focus  (Company news)

As part of optimising the Rottneros Group, a new organisation is introduced with a group-wide sales organisation and a site manager for each mill. At the same time, a group-wide safety function is established, which becomes part of the Human Resource Department. The purpose of the new organisation is to create an increased focus within each sub-area.

Through the new organisation, the mills can focus wholeheartedly on productivity, quality, environment, costs and completion of Agenda 500. The common safety function also means that we will be able to get even more out of our high-priority safety work in the future, while it can be conducted in an efficient way, comments Lennart Eberleh (photo), President and CEO of Rottneros.

In conjunction with the introduction of the new organisation, Kasper Skuthälla will assume the role of the Group's Sales and Business Development Director, in addition to his current position as Managing Director of Rottneros Packaging.

The new sales organisation will strengthen our market presence, continue to work on our niche strategy and take advantage of the common aspects of our different products. With a background in various parts of the value chain, Kasper Skuthälla has excellent opportunities to do a very good job, says Lennart Eberleh, President and CEO of Rottneros.
(Rottneros AB (publ))

Newsgrafik #118762
 11.12.2017

ANDRITZ to supply flash drying line to Stora Enso, Finland  (Company news)

International technology Group ANDRITZ has received an order from Stora Enso Imatra Mills to supply a new flash drying line, including an ANDRITZ Twin Wire Press, fluffer, and flash dryer.

Start-up of the new plant, which has a production capacity of 400 admt/d, is scheduled for the first quarter of 2019.

ANDRITZ’s well-proven flash drying technology ensures minimum energy consumption and highest pulp quality. As a leading supplier of flash dryers, ANDRITZ will be supplying a drying system for gentle drying of mechanical pulp fibers, at the same time using the energy flows available to optimum benefit. The high-efficiency cyclones in combination with a scrubber will reduce emissions to the lowest possible level.

The ANDRITZ Twin Wire Press allows for highest dryness ahead of the flash dryer. Over 600 presses sold and installed around the world prove superior dewatering performance for any kind of fibrous material at any freeness level and with high discharge consistencies of up to 50%.

Stora Enso Imatra Mills, a member of the Stora Enso Group, consists of two production units: Kaukopää and Tainionkoski. Together, they employ approximately 1,000 people and produce one million tons of board and paper annually. More than 90 per cent of production is exported, mostly to countries in Europe, but a substantial share is also exported to Southeast Asia. Imatra produces mainly liquid packaging board for beverage cartons and food service board for paper cups and various food packagings.
(Andritz AG)

Newsgrafik #118786
 11.12.2017

PMP Management Board Announcement  (Company news)

PMP Group (Paper Machinery Producer) Management Board announces with deep regret the unexpected death of Mr. Aaron Braaten (photo) – PMP’s long standing and respected Chairman of the Board and co-owner/stockholder. Mr. Braaten passed away on November 9th, 2017 while on a business trip.

Mr. Braaten has been on the Supervisory Board, and has led PMP as its Chairman, since 2000. Prior to his role at PMP, he worked for the Beloit Corporation, Beloit, Wisconsin, USA as an engineer, in sales, and ultimately as Vice President of Sales and Marketing, Europe.
Miroslaw Pietraszek, President – PMP Group, commented: “We are greatly saddened by Aaron’s passing. The Supervisory Board and the Company are indebted to Aaron for his strong leadership, boundless energy and significant contribution to PMP’s development during his tenure. The thoughts of the management and employees of PMP go out to Aaron’s wife, daughters and family.”

Zbigniew Manugiewicz, a member of the Supervisory Board, has been appointed to take over the role of Chairman of the Supervisory Board. He will be supported by other Supervisory Board members and PMP’s Senior Operation Group. “Our tribute to Aaron will be to act wisely, stay focused and be agile. Customer focus will be our main priority. We are determined to stay strong and aim even higher than before.” said Zbigniew Manugiewicz.

In addition, based on previous decisions of the PMP Management and Supervisory Boards made in October this year, PMP Group corporation is in the process of executing a dynamic development strategy entitled: “PMP Everest Strategy” for the years 2017-2020. This strategy will focus on its mission to create success, together with its customers, in the Pulp & Paper Business worldwide.
(PMPoland S.A.)

Newsgrafik #118672
 08.12.2017

FPInnovations Announces the Appointment of its New President and Chief Executive Officer  (Company news)

Yvon Pelletier, Chairman of FPInnovations' Board of Directors, is pleased to announce the appointment of Stéphane Renou (photo) as President and Chief Executive Officer. Mr. Renou will officially assume his new role on December 14 as successor to Pierre Lapointe, who has held this position since December 2008.

A native of Montréal, Stéphane Renou has a number of degrees from Université de Sherbrooke as well as Polytechnique Montréal where he went on to complete a Master's degree in Electrical Engineering and a Ph.D. in Chemical Engineering.
In 2015, he earned an MBA (Innovation Management) from the University of Colorado.
In 2000, Mr. Renou moved to the United States to join General Electric's research centre, where he took on increasingly senior positions, heading a number of divisions at various locations in the United States as well as in Florence, Italy. Within his various responsibilities, he led teams in both the GE Aviation, and Oil & Gas divisions. Most recently, he was the Leader
of Industrial Outcomes Optimization at GE Global Research. These varied experiences enabled him to acquire a vast background of R&D combined with
commercial knowledge and a strong sense of entrepreneurship. He holds eight patents, in addition to having published numerous scientific articles.

"We are confident that Stéphane, working closely with the members of our senior management, will further increase our current momentum and take FPInnovations to the next level," emphasized Yvon Pelletier. "Stéphane's background and interests fit very well with FPInnovations' strategies and plans for the future, and we are confident that he has the skills and competencies that will make him a successful President and CEO."

Stéphane Renou is taking the reins from Pierre Lapointe, who announced his intention to step down as President of FPInnovations last spring. Mr. Lapointe spearheaded many major projects at FPInnovations and is leaving a rich and promising legacy to the Canadian forest industry. His commitment was recently recognized through being officially welcomed to the Royal Swedish Academy of Engineering Sciences.
(FPInnovations)

Newsgrafik #118717
 08.12.2017

SOFIDEL CONTINUES TO IMPROVE TRANSPARENCY AND ENVIRONMENTAL RESULTS ...  (Company news)

... ACCORDING TO THE WWF ENVIRONMENTAL PAPER COMPANY INDEX

The tissue production Group known for the Regina brand has made significant progress in reducing the amount of waste sent to landfill and in its Environmental Management System and reporting, according to the biannual EPCI, a WWF tool to promote transparency and continual improvement in the PPP sector.

The figures from the 2017 edition of the WWF Environmental Paper Company Index have been published in the last days. The EPCI is a biannual tool that the environmental organisation proposes to companies in the paper and cellulose sector to assess and make public on a voluntary basis their commitment to the environment and transparency. The results of the index are retrievable at www.epci.panda.org/results/sofidel.

Sofidel, the tissue production group known for the Regina brand, achieved an overall score of 76,6% which marked a distinct improvement of 10,4% on the last assessment, in 2015. Sofidel was able to improve their scores in all three subcategories, responsible sourcing, clean production and EMS (Environmental Management System)/transparency, demonstrating that the sustainability policy implemented by the company is heading in the right direction.

On a scale of 0% to 100%, Sofidel achieved a score of 72% for responsible cellulose fibre sourcing (compared to 68% in 2015), 79% in the clean manufacturing category (72% in 2015) – which considers the reduced environmental impact of production processes – and 79% for the Reporting & EMS (58% in 2015) section.

Sofidel has long employed sustainability as a strategic lever for development and growth, setting itself the goal of reducing its environmental impact to a minimum and maximising benefits for society. Sofidel’s activity concentrates in particular on limiting climate-changing emissions, safeguarding water resources and the procurement of cellulose certified by independent third parties with forestry certification schemes.

In addition to increased overall scores assessed in the WWF Index, Sofidel discloses the following improvement data: to date, Sofidel has reduced its own carbon intensity by 19.1% (understood as direct CO2 emissions into the atmosphere between 2009 and 2016 per kg of paper produced), has achieved an average use of water resources of 7.0 kg/l, against a sector benchmark of 15–25 l/kg, and procures 100% cellulose certified by independent third parties with forestry certification schemes (FSC®, FSC Controlled Wood, SFI®, PEFC™).
(Sofidel Group)

Newsgrafik #118740
 08.12.2017

Cellwood builds new Dispersing Units for Bohui Paper Group – China  (Company news)

In March 2017 Bohui Paper Group contracted Cellwood Machinery to supply six Krima Hot Dispersing Units (photo) for their PM5 & PM6-project.

The six units will have a capacity of 420 Tpd up to 1000 Tpd.

The contract is the result of Cellwood’s position as the no.1 supplier of Hot Dispersing Systems.
(Cellwood Machinery AB)

Newsgrafik #118750
 08.12.2017

Bellwyck and Faller establish Joint Venture in Germany  (Company news)

Waldkirch, Germany based pharmaceutical packaging specialist August Faller GmbH & Co. KG and Toronto, Canada based Bellwyck Pharma Services have agreed to form a joint venture.

Photo: The joint venture is ready to go (from left) Greg Keizer (Bellwyck), Jeff Sziklai (Bellwyck), Dr. Daniel Keesman, Dr. Michael Faller, (2nd row from left) Mathias Felber, Michael Nemeth, Jürgen Hendricks, Jörg Frischkorn, Roland Wiesler (all from August Faller GmbH & Co. KG) - Image: August Faller GmbH & Co. KG

Bellwyck and Faller each hold 50 percent of the shares in the new Bellwyck Faller Pharmaceutical Services GmbH, located in Grossbeeren, Brandenburg, Germany. All staff employed at the PharmaServiceCenter Packaging Services location in Grossbeeren will be kept on by the new company. Beginning in early 2018, in addition to the existing contract packaging services, the joint venture will offer packaging and logistics services for clinical trials.

Headquartered in Toronto, Canada, Bellwyck Pharma Services, a division of Bellwyck Packaging Inc., is an established provider of Clinical and Commercial Packaging Solutions in Canada and the US, and is now expanding its offering for the European and global market in collaboration with Faller.

The Bellwyck-Faller joint venture’s portfolio for clinical trial management includes storage and distribution capabilities in both ambient and refrigerated temperatures, the management of returns and reconciliation, as well as expiry extension labelling.

With support from Bellwyck Pharma Services in North America, Bellwyck Faller Pharmaceutical Services GmbH can also offer full project management and logistics consultation for clinical trials in the North American market, from pure material distribution to dynamic randomized distribution via IVRS systems; the handling of studies in single or multi-language versions, country-specific packaging including use information/booklets through to consistent temperature control of the supply chain of the study material. The service offering in Bellwyck-Faller’s Grossbeeren site will expand to these offerings for the European and global market as well. The good manufacturing practices laid down for the pharmaceutical industry are ensured for the entire supply chain for contract packaging and clinical trial logistics.

The managing director of Bellwyck Faller Pharmaceutical Services GmbH, Juergen Hendricks, states: “With our new partner company, we want to sustainably establish ourselves among our customers in Europe as a partner with tailored solutions for everything related to the logistics and packaging services which are necessary to optimally organize clinical trials.”

Jeff Sziklai, CEO of Bellwyck Packaging Inc., is excited by the opportunities this joint venture presents: “With the experience and outstanding know-how of our German and Canadian staff, we can now further support the global study requirements of our customers worldwide.”

Dr. Daniel Keesman, CEO of August Faller GmbH & Co. KG, emphasizes: “At the Grossbeeren location, our customers can now also receive logistics and packaging services for clinical trials specifically tailored to their requirements. Our expertise in packaging logistics is optimally complemented by the competence and experience of our Canadian partner.”
(August Faller GmbH & Co. KG)

Newsgrafik #118754
 08.12.2017

ANDRITZ to modernize stock preparation in the sack kraft paper production line at Mariysky Pulp...  (Company news)

... and Paper Mill, Russia

International technology Group ANDRITZ has received an order from Mariysky Pulp and Paper Mill in Volzhsk, Russia, to upgrade the existing stock preparation line of PM 1 with state-of- the-art equipment for thickening and high-consistency refining.

Start-up is scheduled for the third quarter of 2018.

ANDRITZ will modernize the existing two-stage, low-consistency refining process, which will achieve a significant improvement in the final product. The installation includes a ModuScreen CP, an ANDRITZ Twin Wire Press with shredder, as well as an ANDRITZ high-consistency 1C refiner to significantly enhance the sack paper properties. The existing ANDRITZ low-consistency TwinFlo refiner, supplied in 2015, will remain in the layout. Engineering, training, and advisory services for mechanical installation work, commissioning, and start-up are also part of the ANDRITZ scope of supply.

The sack paper production line has a capacity of 175 bdmt per day and uses a mixture of unbleached hard- and softwood as raw material.

Mariysky Pulp and Paper Mill is a well-known Russian supplier of paper products, such as wrapping paper, sack paper, writing paper, packaging paper, and corrugated board.
(Andritz AG)

Newsgrafik #118708
 07.12.2017

Metsä Board Simpele implements new standards in food safety  (Company news)

Metsä Board, a leading European producer of premium paperboards is pleased to announce that its Simpele mill has recently integrated the FSSC 22000 food safety system into its management systems and received third party certificate to verify this.

The FSSC 22000 Food Safety System provides a framework for effectively managing an organisation's food safety responsibilities. FSSC 22000 is fully recognised by the GFSI (Global Food Safety Initiative) and is based on existing ISO Standards. It demonstrates that a company has a robust Food Safety Management System in place that meets the requirements of both direct customers and consumers. The GFSI brings together key players from the food industry to collaboratively drive continuous improvement in food safety management systems around the world.

As leading fresh fibre paperboard manufacturer Metsä Board wants to ensure that its product safety practices are equivalent to the standards in the food industry.The preparations for change have taken a year with both contractors and staff going through comprehensive training. As Simpele mill among all other Metsä Board mills already had ISO 22000 certificate, the food safety procedures were already in place, but via the new standard the processes and prerequisite programmes were further strengthened.

Marjatta Punkka, Product Safety Manager at Metsä Board commented; “Consumers appreciate the benefits of paperboard made from traceable and renewable fresh fibres, particularly when the paperboard is in direct contact with food. We therefore want to ensure that our paperboard products continue to meet the tightest requirements and that our systems are future-proof in respect to any changes. The food sector is a notable user of Simpele mill’s products and therefore the implementation of the FSSC 22000 Food Safety System is a very important development for us in respect to producing first class paperboard for our food sector customers. As next, we are looking at expanding the implementation also to our other mills.”
(Metsä Board Cartonboard Division)

Newsgrafik #118732
 07.12.2017

Sappi expands its speciality & packaging paper capacity; will acquire the speciality paper business  (Company news)

...of Cham Paper Group Holding AG (CPG)

Sappi Limited, a leading global producer of dissolving wood pulp, speciality and packaging papers, graphic (printing and writing) paper and biomaterials, announced that it had signed an agreement to acquire the speciality paper business of Cham Paper Group Holding AG (CPG) for CHF146.5 million (approximately $149 million).

The transaction includes the acquisition of CPG’s Carmignano and Condino Mills in Italy, its digital imaging business located in Cham, Switzerland as well as all brands and know-how. It will be funded through internal cash resources. The transaction is conditional on the approval from certain competition authorities. We expect the acquisition to be completed during the first calendar quarter of 2018.

The main benefits of the acquisition include:
-Supports Sappi’s diversification strategy and 2020vision to grow in higher margin growth segments
-Strengthens Sappi Europe’s speciality and packaging papers footprint and skills; adds 160,000 tons of speciality paper to our capacity
-Increases Sappi’s relevance in speciality papers, opening up new customers and markets to Sappi’s existing products and generating economies of scale and synergies
-Gaining greater share-of-wallet with valued brand owners; accelerating innovation and new product development
-Improved near-term profitability and serve as platform for organic growth and further acquisitions. Will add €183 million of sales and approximately €20 million of EBITDA before taking into account synergies
-Builds on the investments currently underway to increase speciality paper capacity at our Somerset, Maastricht and Alfeld Mills
-Unlocks the growth potential of the CPG speciality paper business

Commenting on the transaction Steve Binnie, Chief Executive Officer of Sappi Limited, said:
“This acquisition further strengthens Sappi’s speciality paper business both in Europe and globally by combining Cham’s strong brands and assets with Sappi’s global reach. This transaction will increase profitability and unlock the significant growth and innovation potential inherent within the speciality paper market. I am very pleased that we have taken another signification step towards realizing our Vision2020 goal.”

Berry Wiersum, CEO Sappi Europe stated:
“We are very excited about the possibilities this transaction opens up for Sappi as well as for Cham’s highly respected business. The products and brands which have been acquired are an excellent complement to our market offering, enabling us to offer our existing, as well as new customers in Europe, North America and globally, a broader range of products coupled with excellent customer service.”

The speciality paper business of CPG will continue to operate separately and independently from Sappi until clearances from the authorities are obtained.
(Sappi Limited)

Newsgrafik #118734
 07.12.2017

BHS Corrugated wins FEFCO Gold Award 'Best Innovation'  (Company news)

On the last day of this year´s FEFCO in Vienna/Austria, BHS Corrugated had to celebrate something:
When it came to achieve the award for the best innovation, we shared the first place with Bobst and won the FEFCO Gold Award “Best Innovation”. BHS Corrugated has been award for the development of the Modul Facer MF-A, which sets new standards regarding machine intelligence, automation and operator friendliness.

An employee from machinery sales department of BHS Corrugated who gave a presentation about the Modul Facer MF-A, on the first day of FEFCO 2017, and received a throughout positive feedback of the audience, received the award.

BHS Corrugated is very happy about winning the FEFCO Gold Award and is striving to repeat this success at the next FEFCO.

We would like to thank all visitors who came to our exhibition booth at FEFCO 2017 in Vienna. We are looking forward to see you also at the next FEFCO, in 2019.
(BHS Corrugated Maschinen- und Anlagenbau GmbH)

Newsgrafik #118735
 07.12.2017

Ilim Group signs USD 500 million syndicated loan  (Company news)

Ilim Group, Russia’s leading pulp and paper company, a major exporter and one of the biggest companies in the industry globally, announces that it has signed a four-year unsecured syndicated loan agreement for USD 500 million. The agreement is the largest corporate debt transaction in the industry across Eastern Europe and Russia/CIS, according to Dealogic data.

The loan was arranged by Raiffeisen Bank International (RBI Group) and Intesa Sanpaolo, with Crédit Agricole also joining the syndicate on the European side. In Asia, the syndicated loan includes the four largest banks in China – Bank ICBC, Agricultural Bank of China, Bank of China and China Construction Bank – as well as Korea’s KDB Bank. The split between European and Asian sides of the syndicate is approximately 50:50.

Ilim will use the funds to finance its strategic development projects focusing on Europe and Asia, which are its priority markets.

Ilim Group CEO Ksenia Sosnina (photo) said: “Our ability to raise such a substantial amount of funding for our industry is proof of the confidence that investors and the European and Asian financial communities have in us. 2017 is the company’s landmark year and we are expecting strong operational and financial results. We are celebrating 25 years of Ilim, and 10 years of partnership with International Paper under our joint venture agreement. The fact that a Russian-American JV can achieve success and gain the trust of financial institutions in Europe and Asia is for me a striking example of business diplomacy and long-term strategy implementation, as well as the ability to pursue opportunities in a challenging environment.”

The deal was well received by the Asian and European member banks. The final amount raised significantly exceeded the target, indicating Ilim Group’s credibility in these markets. The conditions of the loan agreement allow Ilim Group to increase the credit line up to USD 750 million.

Since Ilim’s JV with IP was established in 2007, USD 3.2 billion has been invested in the investment projects, which include the construction of the world’s largest bleached softwood pulp production line located in Siberia, and the launch of a modern paper making facility manufacturing high-quality white paper grades at the company’s mill in European Russia. The JV has grown significantly in its 10-year history, with EBITDA increasing by 140% from USD 308 million in 2008 to USD 742 million in 2016, and output rising by 30% since 2008.
(Ilim Group)

Newsgrafik #118745
 07.12.2017

Koehler Kehl increases productivity with products and expertise from Voith  (Company news)

-100 percent longer press sleeve service life
-Better paper quality thanks to optimized press felts
-Improved production safety

When upgrading its PM 2, Koehler Kehl opted for products from Voith's AdvancedPRODUCTS range that enable the company to reduce the machine's water consumption, achieve a faster starting curve and at the same time improve paper quality.

Photo: Wiebke Petzold (Voith Product Manager) and Joachim Fuchs (Productionmanager PM 2 / CM 2 at Koehler Kehl Germany) at the PM 2 in Kehl.

One of Koehler’s major strengths is its willingness to constantly improve. This is why for the upgrade of the press section on the PM 2 the focus was on achieving more stable operation, reliable planning of shutdowns and improved safety in the production process. On the PM 2, the company produces just short of 130,000 metric tons of thermal paper per year with basis weights of between 35 and 47 g/m².

In the course of various improvement measures, Voith fitted the press section with products from PressMax range of its AdvancedPRODUCTS. The prime objective was to continually improve the quality of the paper grades and reduce its operational costs.

The latter was especially achieved by using of the QualiFlex press sleeves for the shoe press. Refinements were made to the sleeves and their abrasion behavior was improved. On the PM 2 this led to a doubled runtime. This reduced the maintenance work for replacing the shoe press covers. Previously, the press sleeves had needed to be changed after 180 days on average.

An increase in productivity was also the reason for introducing press felts with PeakElement which allow a faster start and better nip dewatering than standard felts. As a result, the start-up curve of the machine could be shortened considerably following the felt change. “With the installation of the Voith products, we were able to clearly improve the start-up curve after felt change on the PM 2. The machine can be brought to its maximum speed faster and with fewer problems, resulting in greater availability and lower operating costs,” states Joachim Fuchs Productionmanager PM 2 / CM 2 at Koehler Kehl Germany.

In addition, the measurements taken by the FeltView system delivered important moisture and permeability data for targeted conditioning of the pick-up felts. Koehler can use this data to continually optimize machine settings and improve efficiency. Critical felt conditions can be identified before they impair the process and the felts are run in optimum operating condition. FeltView also makes manual measurements redundant, which ultimately improves the safety of the production process.
(Voith Paper GmbH & Co KG)

Newsgrafik #118746
 07.12.2017

Norske Skog: Update on recapitalization process  (Company news)

Funds managed by Oceanwood Capital Management and Aker Capital AS, a wholly owned subsidiary of Aker ASA, have issued a joint press release stating the intention to form a new company (Bidco), which will bid in an auction process to ensure that there is a strong new owner of Norske Skog's paper mills.

Photo: Norske Skog Skogn mill

The board of directors of Norske Skogindustrier ASA is pleased that Aker, with its strong industrial knowledge and financial expertise, has taken a role together with Oceanwood in the recapitalization of the Norske Skog group.

The board of directors of Norske Skogindustrier ASA will continue to safeguard the interest of all its stakeholders through the recapitalization process. As part thereof, the Norske Skog group's seven paper mills will continue as normal, and our customers, suppliers and other business partners will continue to receive high quality products and the best service from Norske Skog withouth interruption through the remainder of the recapitalization process.

Following the announcement by Oceanwood and Aker, a consensual recapitalization of the Norske Skog group is unlikely to be achievable. Consequently, Norske Skogindustrier ASA is likely to initiate insolvency proceedings. The board of directors of Norske Skogindustrier ASA will continue to assess the situation and the implactions of the recent developments.
(Norske Skogindustrier ASA)

Newsgrafik #118748
 07.12.2017

The start of containerboard production at Laakirchen Papier  (Company news)

Paper has been manufactured in Laakirchen for the past 150 years and now with its entry into the packaging paper market, Laakirchen Papier AG has ushered in a new era. Indeed, the decision to break into the containerboard field will secure the long-term success of the company, as with a volume of 26.4 million t/y and annual growth of between two and three per cent, the strong, European corrugated board market segment offers considerable future potential for the paper industry. Accordingly, the production of lightweight containerboard made entirely from recycled fibres on PM10 started in Laakirchen mid of October. The paper machine meanwhile runs stable and produces paper on A quality level.

Mark Lunabba, the CEO of Laakirchen Papier AG, sums up the positive market outlook as follows: “Above all, the combination of rising online retailing volumes and the current economic upturn with its related increase in consumer spending has triggered sizeable expansion in the packaging paper market.”

Quality and efficiency as the key to a position amongst the top producers
The PM10 will now manufacture up to 450,000 t/y of containerboard based on recycled paper with working widths of 7.5 m at a speed of 1,600 m/min. This production switch also required additional investments at the company location. These included new plant for the treatment of wastepaper fibres and anaerobic used water cleaning, storage areas for recycling paper, and the completion of a warehouse with an automated crane system for the new products.

100 per cent sustainable manufactured: starboard Liner and starboard Wave
“Containerboard serves as the basis for corrugated board packaging and we offer our customers the products starboard Liner and starboard Wave with substances of between 70 and 140 gsm”, says Thomas Krawinkler, Head Sales and Marketing at Laakirchen Papier AG.. Owing to these low grammages, lightweight containerboard is ideal for mail order purposes, while in addition its high strength and stability make it equally suitable for industrial packaging (e.g.in the automotive, furniture and consumer goods sectors), as well as for agricultural products and electronic devices. Furthermore, Laakirchen Papier has a certified hygiene management system in accordance with DIN EN 15593, which makes it possible to use the containerboard for corrugated packaging in the food industry.

As far as sales are concerned, Laakirchen Papier relies upon the expertise and market reach of Heinzel Sales. This trading house already sells the starboard selection from Raubling Papier GmbH, which is also part of the Heinzel Group, and now the lightweight containerboard from Laakirchen will expand the existing starboard range still further.
Apart from Austria and Germany, Poland, Italy and the states of central Europe also number among the large target markets for starboard Liner and starboard Wave from Laakirchen.
(Laakirchen Papier AG)

Newsgrafik #118698
 06.12.2017

Tecnau introduces a new high-speed book-block production system  (Company news)

Picture: Unwinder u30 for wide web paper rolls

Ivrea, Italy: to meet customers’ demands for even more variable and productive solutions, Tecnau announces the availability of the new High-Speed TC 7800 Book-Block Production System, mainly targeted as a roll-input channel for the well-known Libra 800 book finishing solution. The system increases web speed and reduces book block assembly cycle time, resulting in a throughput improvement for book binding by up to 30%.

Configured with a high-speed unwinder, slit-merge and dual web cutter, the system can produce books-of-one variable in height, width and thickness at speeds up to 180 m/min. The system is based on the well-established Cutter TC 7800 series and includes a new tight web merging module, which ensures stable paper handling at high speeds for a broad paper weight range, from lightweight to heavy stocks.

The new High-Speed TC 7800 Book-Block Production System supports web widths up to 25.2-inch (640mm), enabling the widest array of applications for book-of-one productions, including A4 landscape size, to maximize the size range of the Libra 800 VB Variable Binder and Libra 800 VT Variable Three-Knife Trimmer.

The system can also produce book blocks to feed third party binders, with fully automated non-stop book-by-book delivery, or be used as a standalone production line for short runs.

As for all new Tecnau lines, the new High-Speed TC 7800 Book-Block Production System offers a wide level of integration and customization, with a centralized workflow control system and remote diagnostics for quick service support.

Tecnau innovative solutions for the publishing segment include book block and finished book production, both from roll and cut sheet, targeted to short runs and book-of-one. Tecnau leads the way towards lean book manufacturing, from order entry to delivery, helping to dramatically reduce inventory, minimize paper waste and simplify internal and external logistics.
(Tecnau Srl)

Newsgrafik #118707
 06.12.2017

New curtain coater installed at the BASF Pilot Plant for paper coating in Ludwigshafen  (Company news)

-Comprehensive service offer for customer trials with paper and board coating
-Increased strategic focus on packaging and barrier applications

BASF has recently integrated a curtain coater, based on a “VOITH DF Coat slot dye” into its existing pilot facility. This is now available to customers, as well as interested third parties, for application trials with coating colors for paper and board in both the graphic and packaging sectors.

The curtain coater enables the development of excellent paper surface properties and enhances machine runnability
Due to the non-contact application method, the curtain coater allows a particularly homogeneous and defect-free contour coating layer in comparison to other application methods. During the coating process, the base paper undergoes no mechanical stress, and as a result, runnability through the curtain coater is enhanced. In addition, highly uniform fiber coverage and layer thickness are achieved, which not only have a positive effect on printability and optical effects, but also can give paper very good barrier properties.

In addition to the newly installed curtain coater, BASF continues to offer all industry standard coating application methods on its state-of-the-art paper coating machine, including roll / blade, jet / blade, roll / varibar and film press. Coating colors can be produced on site. All necessary preparation facilities are available, including options for dispersing pigments at variable shear and preparing starch solutions with both batch and jet cookers. A 12-roll supercalender enhances sheet smoothness and gloss development. The paper produced can be cut, packaged and shipped as required.

The expanded pilot facility supports the strategic focus of BASF Paper Coating
The investment in the curtain coater underlines BASF’s ongoing commitment to the paper and board industry, especially in the areas of packaging and barrier applications. The combination of an extensive product portfolio, a paper-specific testing laboratory and experienced and qualified employees reinforces BASF’s market position as a leading supplier of paper coating chemicals.

“With the installation of the new curtain coater in our pilot plant, we are completing our range of application technologies and can thus further advance the optimization and development of coating formulations together with our customers,” says Professor Thomas Schiele, Vice President of Paper Coating Chemicals Europe. “This will further strengthen our application expertise in the field of paper coating chemicals at our Ludwigshafen site.”
(BASF SE Paper & Water)

Newsgrafik #118709
 06.12.2017

Cascades wins a 2017 Food Innovation - Packaging Award for northbox®  (Company news)

Cascades Inc. (TSX: CAS), a leader in the recovery and manufacturing of green packaging and tissue products, is proud to have received a Food Innovation Award from the Food Processing Council of Quebec (Conseil de la transformation alimentaire du Québec, or CTAQ), in the Packaging category, for its northbox® product (photo), a new recyclable, insulated box.

The northbox® is an isothermal container made entirely of recycled materials, that is ideal for shipping temperature-sensitive products by mail. It was designed with the objective of being recyclable at the end of its lifecycle—a first in North America. With its thermal performance and eco-friendly features, northbox ® meets the needs of high-growth markets, notably e-commerce, for prepared and ready-to-cook meals.

Each year, the CTAQ recognizes the avant-gardism of technologies and Quebec products that stand out in the industry. For the 2017 contest, a Packaging category was added for the first time and included evaluation criteria such as technological innovation, product conservation and sustainable development. The prize awarded to Cascades recognizes the company's continuous efforts to develop innovative packaging solutions.

"The northbox® is the fruit of a remarkable team effort, our culture of innovation and more than 50 years of expertise in eco-packaging design. This packaging solution was developed entirely by Cascades in collaboration with our customers, which made it possible to meet their specific needs in a high‑growth market. We are motivated and equipped to meet this kind of challenge," affirmed Luc Langevin, President and Chief Operating Officer of Cascades Specialty Products Group.
(Cascades Inc.)

Newsgrafik #118712
 06.12.2017

Delfort Tervakoski paper mill in Finland gets Wedge  (Company news)

Founded in 1818, Tervakoski specialty paper mill is the oldest paper mill in operation in Finland today. Tervakoski is part of Delfort Group since 1999. The mill has five paper machines with more than 100 000 ton annual capacity of customized paper grades. In addition to super thin printing papers, they produce tobacco-related paper, release base paper, electrical insulation paper and other highly specialized grades.

The delivery is the third roll-out of the five mill corporate Wedge™ frame agreement between Delfort and Savcor. The delivery is scheduled to be completed by year end.
(Savcor Forest Oy)

Newsgrafik #118725
 06.12.2017

Valmet delivers new chipping line and chip handling system to Sappi's Saiccor pulp mill ...  (Company news)

...in South Africa

Valmet will deliver a new high capacity chipping line and chip handling system to Sappi Southern Africa (Pty) Ltd, Saiccor mill. The upgrade targets to increase the chipping capacity, to improve chip quality and minimize wood losses. The chipper will be delivered and installed at the end of 2018 and the start-up is planned for January 2019.

The order was included in Valmet's third quarter 2017 orders received.

"Valmet's high capacity drop feed chipper was found to be favourable for the new wood yard's current and future mill capacity requirement," says Ryno Eksteen, Senior Regional Project Manager at Sappi.

"Valmet's wood handling business continues to flourish in the South African market area. With our biggest drop feed chipper this project will be extremely important to us and we are delighted that Sappi once again trust our technology and capabilities. We look forward to working with the Sappi team," says Jussi Taskinen, Manager, R&D, Product Portfolio & Strategy at Valmet.

Details about the order
The order consists of a chipping line with a Camura GS1300 chipper and chip handling with storing and screening, including machinery, commissioning, training and start-up supervision. Mechanical installation of the chipping line is also carried out by Valmet.
(Valmet Corporation)

Newsgrafik #118730
 06.12.2017

ANDRITZ successfully starts up rebuilt paper machine for Heinzel Group in Laakirchen, Austria  (Company news)

International technology Group ANDRITZ has successfully started up the rebuilt PM10 at Laakirchen paper mill for the Heinzel Group, Austria. The machine that originally produced SC paper was converted to a fluting and testliner machine producing basis weights ranging from 70 to 140 g/m² based on recycled fibers.

With a design speed of 1,600 m/min and a working width of 7,500 mm, it is now one of the world’s most productive paper machines for fluting and testliners.

“We have implemented a comprehensive investment package for our paper mill in Laakirchen. The heart of this package is the PM10 rebuild. The new ANDRITZ technology enables production at the highest quality level. In addition to our PM11, which will continue producing paper for the high-quality SC market, the PM10 produces 450,000 t/y of fluting and testliners,” says Thomas Welt, Production Director at Laakirchen Papier AG.

In the stock preparation section, the ANDRITZ scope of supply comprises a complete OCC line with a capacity of 1,350 t/d, rebuild of the existing paper machine approach flow system, as well as sludge and reject handling. The pulping system with detrashing includes a 130 m³ FibreSolve FSR pulper, which is the largest low-consistency pulper ANDRITZ has ever installed in Europe.

The rebuilt paper machine features a PrimeFlow TW double-layer headbox with PrimeProfiler F consistency profiling system. This headbox enables best surface profiles at maximum production flexibility with the stiff separating lamella between the layers. The new PrimeForm TW gap former with a specially designed forming suction roll for higher dewatering capacity gently dewaters the web and ensures high retention rates. Forming shoes at both the top and bottom ensure optimized dewatering within a broad operating window. In combination with the PrimeFilm Sizer unit, high strength is achieved in the end product.

In the first drying group, PrimeRun Evo web stabilizers were installed to improve the runnability of the machine after the press section. PrimeRun Evo web stabilizers are high-vacuum boxes with three different vacuum zones in one box. Thus, the web can be removed carefully from the surface of the drying cylinder. In addition, PrimeRun Duo web stabilizers were installed in the existing pre-drying section and in the new after-drying section to enable an even web run throughout the drying section.

Instead of cast iron cylinders, PrimeDry Steel cylinders are used to achieve the targeted production capacities. They provide up to 7% more drying capacity compared to same-sized cast iron cylinders at the same operating pressure and thus enable either increased production or reduced energy consumption within the space available. In addition, a new air system including heat recovery for the rebuilt drying section was installed to provide energy-efficient paper production.

The new PrimeFilm Sizer applies surface starch to both sides of the paper web simultaneously to achieve the requested strength values. This starch application technology was installed due to the high speed of the machine. The PrimeAir Glide air-turn and the PrimeFeeder tail threading system result in gentle web turning and reliable and fast tail threading.

The scope of supply further includes the entire basic process engineering as well as the complete PrimeControl automation package.
(Andritz AG)

Newsgrafik #118736
 06.12.2017

Kemira increases prices of wet strength chemicals in EMEA  (Company news)

Kemira announces a price increase for its paper wet strength products in EMEA. The adjustment will be effective immediately or as customer contracts allow.

The price increase of the wet strength chemicals will be up to 15%, depending on the specific formulations and can differ in selected geographies. This adjustment is necessary due to significant increase in key raw material costs.
(Kemira, Paper Segment)

Newsgrafik #118664
 05.12.2017

Qualvis builds on-demand, short run folding carton service with two Xerox – TRESU ...   (Company news)

... digital printing and coating lines

Picture: Qualvis supplies a diverse range of packaging in short runs for the Leicester-based meal delivery provider SpiceNTice. The packages are printed and coated on the Xerox – TRESU digital printing and coating lines

In response to demand for dramatically shorter packaging run-lengths in the food and personal healthcare sectors, folding carton converter Qualvis Print & Packaging, of Leicester, UK, has moved into digital production with major investments in printing, coating and finishing equipment. With two digital printing and integrated folding carton coating lines from Xerox and TRESU, Qualvis is offering an efficient on-demand service with lead-times of between six and 10 days.

Installed in early 2017 in a dedicated clean room, two printing and coating lines provide personalised packaging, multiple brand and language variations, as well as market testing samples. With minimal makeready costs, the production lines are providing a cost-effective source of quality packaging to start-up companies such as farms and home delivery providers that, in many cases, are seeking a print run of only 100 cartons. Additionally, customers have benefited from reduced stockholding and material waste, and reduced chance of stock-outs.

Each production line features a sheet-fed Xerox iGen digital press, integrated with a TRESU Pinta flexo coater, providing a single-pass package printing solution with speeds of up to 2500 sheets per hour, overseen by only one operator. One line features the iGen5, featuring CMYK plus a station for blue, green or orange, allowing the matching of up to 93 per cent of the Pantone colours; the other features the iGen4, with four process stations but the same levels of speed, automation and quality, with maximum resolutions of 2400 x 2400dpi. The iGen 4 line includes a CP Bourg dual feeder, making dual-sided coating possible. After coating on each line’s TRESU Pinta, the automatically stacked sheets, of sizes up to 364 x 660mm, are wheeled to a KAMA DC76 cutting and creasing system nearby.

“In the last decade we have seen average packaging print runs reduce by over half to about 8,000 sheets,” explains Jason Short, Qualvis’s managing director. “The make-ready times in litho mean we could not fulfil the growing need for shorter runs and maintain the machine uptime critical for success. With practically no setup times, a digital investment would clearly enable us to offer the variety, responsiveness and flexibility demanded by the market, and critical to creating value.

“The two Xerox iGen presses combined with the TRESU Pinta coaters give us the combination of sharp quality, productivity and reliability to compete in these short-run markets. And, with two lines, we have the back-up to ensure the most demanding delivery times, common for foods, are met on time,” Short continued.

Coating is a vital process that adds impact and aesthetic appeal to the package. The Pinta coater uses food-safe varnish media, including water-based matt, gloss and soft-touch, as well as UV-gloss, specially formulated by TRESU. The large gamut of the Xerox iGen 5, combined with the Pinta’s ability to create a wide range of finishes, means Qualvis can achieve an indistinguishable look to litho on the vast majority of its jobs.

The digital lines run one shift per day, and production schedules can vary heavily. Some shifts can be devoted to a single run, whereas others may comprise as many as ten jobs. Digital printing has grown quickly and already represents about 10 per cent of Qualvis’s turnover.

The digital investment at Qualvis complements a litho operation centred around a seven-colour KBA Rapida 106 and a six-colour Heidelberg 6LX Speedmaster.
(Tresu A/S)

Newsgrafik #118689
 05.12.2017

Norske Skog: Performance impacted by currency  (Company news)

Norske Skog's gross operating earnings (EBITDA) in the third quarter 2017 were NOK 143 million, a decrease from NOK 190 million in the second quarter 2017. Gross operating earnings declined despite an increase in sales volume in Europe due to NOK appreciation, and less domestic demand in Australasia resulted in more low-margin export sales. Operating earnings in the third quarter was NOK 73 million compared to negative operating earnings of NOK 52 million in the second quarter of 2017. Net loss in the third quarter was NOK 9 million compared to a net loss of NOK 546 million in the second quarter 2017, mainly due to non-cash currency effects on debt and changes in the valuation of power contracts. Cash flow from operations declined to a negative NOK 162 million in the quarter from a positive NOK 187 million in the second quarter. Net interest-bearing debt increased by NOK 459 million to NOK 7 038 million in the third quarter, reflecting a negative cash flow for the period and unpaid interest costs related to the ongoing recapitalization process. At the end of the third quarter, the group had a negative book equity of NOK 689 million.

As part of the ongoing recapitalization process, the board has decided not to pay interest on the group's outstanding debt. The cash balance at the end of the third quarter was NOK 426 million and is sufficient to support the operations until a recapitalization solution takes place. Norske Skog's board and administration continue discussions with the creditors to launch as soon as possible a new and broadly supported offer for converting debt to equity and a new bond.

- We are very pleased with the high production efficiency at the mills considering the difficult financial position of the group. Rising input factor costs combined with an improved market balance, reflecting significant capacity closures and conversions in the industry this year, demands higher publication paper price into 2018, says Lars P.S. Sperre (photo), CEO of Norske Skog.

Key figures, third quarter of 2017 (NOK million) Q3 2017 Q2 2017 Q3 2016 2016 Operating revenue 2 911 2 848 2 918 11 849 Gross operating earnings 143 190 251 1 049 Gross operating margin (%)4.9 6.7 8.6 8.9 Gross operating earnings after depreciation -11 32 95 367 Restructuring expenses -2 -10 -1 -67 Impairment - - - -1 238 Other gains and losses 85 -75 20 -127 Operating earnings 73 -52 114 -1 065 Share of profit in associated companies - -46 -3 -211 Financial items -75 -445 84 1 044 Income taxes -8 -3 -5 538 Profit/loss for the period -9 -546 190 306 Cash flow from operations -162 187 19 230 Net interest bearing debt 7 038 6 579 6 172 6 302 Capacity utilization rate (%) 94 91 93 93

Outlook Higher input factor costs are headwinds for Norske Skog into 2018. The market balance for publication paper in Europe is supported by capacity closures and conversions in the industry. The resulting high operating rate as well as cost pressure from raw materials lead to price increase expectations for 2018.

A structural demand decline domestically in Australasia is a challenge, while higher export prices for newsprint to low-margin markets in Asia offset some of this decline. Both Norske Skog's margin improvement program and the diversification strategy can not be fully implemented before the group's recapitalization is in place.

The board of directors and the management are still working to bring together the creditors to find a joint recapitalization solution for the group. Segment information Total annual production capacity for the group is 2.7 million tonnes. In Europe, the group capacity is 2.0 million tonnes, while in Australasia the capacity is 0.7 million tonnes. Capacity utilization for the group in the third quarter was 94% compared with 91% in the second quarter.

Europe Operating revenue increased from the previous quarter with higher sales volumes more than offsetting headwind from NOK appreciation. Both variable costs per tonne and fixed costs were relatively unchanged in the quarter. Despite an increase in volume, gross operating earnings declined due to NOK appreciation. Demand for newsprint in Europe decreased by 7% through August this year compared to the same period last year. SC magazine paper demand increased by 1%, while demand for LWC magazine paper declined by 3%. Capacity utilisation was 94% in the period.

Australasia Operating revenue decreased from the previous quarter despite flat sales volumes, partly reflecting relatively more export sales to Asia at lower prices compared to domestic prices. USD depreciation further impacted the exports negatively as Asian prices are in USD.

Both variable cost per tonne and fixed costs were relatively unchanged in the quarter. Gross operating earnings declined as the previous quarter included a CO2 compensation and due to less domestic demand resulting in more export sales at lower margins. Demand for newsprint in Australasia declined by 17% through August this year compared to the same period last year. Demand for magazine paper declined by 6%. Capacity utilisation was 94% in the period.

Margin improvement program Norske Skog has initiated a margin improvement program, "Formula 18", for a range of ongoing and a number of new initiatives across the group. The program focuses on profitability enhancements in the paper operations. The various initiatives add up to an annual gross operating earnings contribution of around NOK 500 million, all other equal, from 2019. The program includes both revenue enhancing measures and cost reduction efforts. Realized margin improvements will be sensitive to currency movements, sales prices and input factor costs. As investments amounting to around NOK 200 million is required to realize the full potential of all initiatives. The program can not be fully implemented before the recapitalization takes place.

Diversification beyond publication paper Norske Skog has identified related new business with a potential to generate more than 25% of the group's gross operating earnings. The identified projects include green investments like biogas and wood pellets in addition to production of tissue paper. Norske Skog is also involved in research and development to enhance the use of renewable biomass in replacing existing fossil based products. This includes both new building materials and biosolvents for pharmaceutical and agrichemical industries. As these new business require substantial funding, the implementation of the diversification strategy has been negatively impacted by the ongoing recapitalization process.
(Norske Skogindustrier ASA)

Newsgrafik #118690
 05.12.2017

Arctic Paper Group After 3rd Quarter of 2017: Results Influenced by Further Increase in Pulp Prices  (Company news)

In the 3rd quarter of 2017 the Arctic Paper Group generated sales revenue of nearly PLN 735.9m. EBITDA was PLN 70.8m and operating profit PLN 38.5m. The Group’s net profit on continuing operations in Q3 2017 was PLN 25.6m.

The weaker results of Arctic Paper in the 3rd quarter were due primarily to the effect of a further increase in pulp prices which has not been fully offset yet by higher paper prices. The result was also affected by the planned stoppage at the Arctic Paper Kostrzyn plant for 12 days in July of this year, connected with an investment to increase the production efficiency at that plant.

Per Skoglund (photo), CEO of Arctic Paper, commented: “The decline in profit is mainly due to continued high pulp prices, which we will not be able to fully compensate for by price increases during 2017. On top of that, a planned investment stoppage in Arctic Paper Kostrzyn affected sales and profit during the period. The investment in increased production efficiency will have a future positive impact and strengthen our ability to serve our customers in a competitive way.”

Through the first three quarters of 2017, the Arctic Paper Group generated sales revenue of over PLN 2.2bn. EBITDA was PLN 210.8m and operating profit nearly PLN 115.7m. The Group’s net profit on continuing operations in the first three quarters of 2017 rose 9.2%, to PLN 75.5m.

Per Skoglund added: “During the period we initiated a strategy review in order to clarify which products and markets we will focus on to achieve sustainably higher profitability. Work began during Q3 and we expect to launch and present the new strategy in first half of 2018.”

Results in the paper segment (excluding Rottneros)
In Q3 2017, the Arctic Paper Group generated sales revenue in the paper segment of PLN 542.3m, EBITDA of PLN 38.9m and operating profit of PLN 18.7m. The Group’s net profit on continuing operations in Q3 2017 was PLN 12.9m, and net profit over PLN 11.1m.

The average use of production capacity was 98.0%, up 2.7 pp year-on-year.

The Group’s sales revenue in the paper segment through the first three quarters of this year was nearly PLN 1.6bn. EBITDA was PLN 104.7m and operating profit PLN 44.4m. The Group’s net profit on continuing operations through the first three quarters of 2017 was PLN 38.9m.
(Arctic Paper S.A.)

Newsgrafik #118692
 05.12.2017

manroland web systems masters the relocation of a GOSS Universal system for the People’s Daily ...  (Company news)

... in China

The printing producer and comprehensive service partner manroland web systems, has caused a great stir over the past few months with its ever increasing service provision for third party presses. Now, the latest milestone in this new field of business: with its’ relocation of a GOSS press for People’s Daily, Chinas most influential daily newspaper, the company has once again proved that it is the high performing business partner for the printing industry, and that position will not change in the future.

Multi-Brand Web Press Service on the rise
manroland web systems began to expand its own service offering to include service of presses produced by competitors about a year ago, and it has proved successful. Today it can already boast two successful control upgrades on Goss presses. In addition, numerous printing houses, which operate third party presses, are profiting from the retrofit of a manroland web systems Inline Control System. Furthermore, relocations of third party presses are being carried out smoothly. Manroland web systems therewith not only offers tailor-made and innovative solutions but also a customized approach and consulting.

One Partner for everything
Absolutely punctual and reliable processes, paired with specialist competences during disassembly and reassembly: the relocation of a printing press is demanding. In China, the market organization, manroland web printing equipment, has been able to establish a glowing reputation even among customers of competing manufacturers, based on strong presence and reliability. People’s Daily, Chinas most influential daily newspaper opted for the high performing business partner from Augsburg for the relocation of a GOSS Universal 75 consisting of 6 printing towers, 2 folders and 6 reel splicers. Furthermore the system will be fitted with an interface for a blanket-washing device in its new location. The complete relocation, including the disassembly, load out, transport, load in, assembly and commissioning lies in the responsibility of manroland web printing equipment Beijing, and has already commenced. The system is back in production since September 2017.
(manroland web systems GmbH)

Newsgrafik #118694
 05.12.2017

A New Primera MC at Onlineprinters Provides Greater Capacity and a Reliable Backup  (Company news)

The e-commerce company Onlineprinters, which is also known in Germany as diedruckerei.de, started out as a conventional printshop and specializes in the printing of standard print products. In order to ensure consistent product quality in the saddle stitching segment, the company has been using a Muller Martini Primera MC for a few months now.

Photo: Operations Manager Armin Wondrak (right) and Frank Skorna (Area Sales Manager at Muller Martini Germany) in front of the new Primera MC at Onlineprinters.

The online printing plant was established in 2004 with the aim of selling individual print products to customers online at low cost. That is possible thanks to the collect-run procedure. A range of customer orders are produced together on one signature, which reduces the paper and time involved and is better for the environment.

Onlineprinters has over 1,500 products in its range, ranging from flyers and brochures through to large-scale trade fair displays. Onlineprinters is chiefly active in the business-to-business segment. “Our customers order exclusively online. The jobs are produced and finished in-house,” says Armin Wondrak, Operations Manager at the headquarters in Neustadt an der Aisch near Nuremberg. With 163 offset press units, the Onlineprinters group is the largest European printing plant for the 3b sheet size.

Its customers include many smaller printing plants that specialize in the production of particular formats. In order for them to continue offering their customers standard products such as flyers and brochures, they buy them in from Onlineprinters or supplement their range with products such as large-size printed materials like canvases and flags, which the online printing provider likewise produces.

By investing in a new Primera MC, Onlineprinters has increased its saddle stitching capacity and also has a reliable backup for its two existing saddle stitchers – a Muller Martini Bravo and a Heidelberg model.

The company decided on the Primera MC following an extensive evaluation by an experienced team of specialists. Armin Wondrak explains that the saddle stitcher impressed them in three key areas:
-its proven, sound technology,
-its excellent references, especially with regard to low downtime and high capacity utilization,
-its unbeatable price-performance ratio.

The Primera MC really comes into its own at Onlineprinters. “We can now produce products even more efficiently and reliably. That’s a great advantage because we have to supply more and more products, such as brochures, on demand and with a short turnaround time,” says Wondrak. “We’re able to produce even faster thanks to the very short changeover and processing times.”
(Müller Martini GmbH)

Newsgrafik #118696
 05.12.2017

MoveRoll to strengthen operations in USA  (Company news)

We are pleased to announce new changes to increase our service to our valuable North American customers.

Effective January 1st 2018, MoveRoll will enhance their presence in the North America market by collaborating with a new direct sales representation.

Earlier this year, RTS Alliance had been acquired by Runtech Systems Oy, which has is changing their business model to establish a North American organization designed to support their product and services of their own products. Runtech Systems Inc. (formerly RTS Alliance) will work to support MoveRoll in their new sales approach. For a certain period of time, Runtech Systems will continue to distribute MoveRoll products to their direct Pulp & Paper mill customers. This will ensure our North American customers will receive excellent support in distribution during the transition period.

MoveRoll appreciates the continued support of the team around Randy Southin, as we move into our new approach to serve the North American market. “Over the last years, the USA has become one of our strongest and fastest-growing markets thanks to our many customers. The cooperation with Runtech Systems supports our goals to grow a stronger presence in the USA, to have direct sales in the future, and to start manufacturing MoveRoll products for the North American market locally in the future.”, states MoveRoll’s CEO Mikko Rantanen.

MoveRoll’s targets for the USA for 2018 is summarized as follows:
-Develop a direct sales force to reach our customers in the same time zone.
-Increase our inventory levels to ensure to have readily available products for quick delivery.
-Reduce delivery costs by shipping higher stock levels in each shipment.
-Investigate manufacturing opportunities in the USA
(MoveRoll Oy)

Newsgrafik #118699
 05.12.2017

SPGPrints presents complete rotary screen printing workflow for added value ...  (Company news)

... labelling and packaging at Labelexpo Asia 2017

SPGPrints Printing Systems Wuxi Co., SPGPrints’ China subsidiary, will show rotary screen printing and laser imaging systems for creating high-quality labels and packaging in a streamlined, efficient workflow at Labelexpo Asia 2017, (Stand F10) 5 – 8 December, Shanghai New International Expo Centre.

SPGPrints’ rotary screen solutions displayed at the show cover every step in the workflow, providing a cost-efficient, productive way of applying numerous eye-catching and functional effects that add brand value. These include the no-label look, raised varnishes, fine linework, small text, metallic foil, security features and Braille up to 250 micron thick, in a single pass.

The company’s programme of Rotary Screen Integration® (RSI®) printing modules, using 100 per cent nickel re-imageable RotaMesh® and re-usable RotaPlate® rotary screens, enable smooth incorporation of the process inline with flexo, gravure, offset and letterpress processes. SPGPrints has a close partnership with many of the world’s leading press manufacturers, to install the technology on both new and, through retrofitting programmes, on existing presses, up to at least 900mm width.

Expanded, durable nickel screen programme for high-value effects
With a unique hexagonal hole structure, SPGPrints’ seamless nickel RotaMesh screens offer precision, durability and long-term value. They withstand handling and several imaging cycles, and remain stable at printing speeds of up to 150m/min. The nickel RotaPlate screens also offer significant reusability and stability at relatively high speeds.

Samples covering the complete range effects possible with both screens will be available for visitors to appreciate the visual impact and aesthetic appeal achievable.

SPGPrints has recently expanded its RotaMesh programme of rotary screens. The RotaMesh 405 was introduced to meet the demands of the Chinese market for sharp reproduction of small han, hanzi and Western text, down to 3-points. The ultra-high mesh count gives brand-owners the natural vividness of rotary screen, with the ability to provide more information, clearly, on a label. Also new is the RotaMesh Glitter Screen for glitter, lustre, shimmer and optically variable inks.

High-definition CtP Laser imaging solutions for multiple processes
The variLEX processor is a high-definition digital imaging solution for flexo, dry-offset, screen and letterpress printing formes – combining ablating and exposing in one machine. Offering resolutions of up to 5080dpi, variLEX features multi-beam diode lasers that ablate the black mask and/or directly expose UV-sensitive screen materials. The flexibility of the variLEX means that it is easily adapted to customers’ plate and dot-shaping specifications.

For dedicated rotary screen imaging, SPGPrints also offers rotaLEN 7511, a direct CO2 laser engraving system with resolutions up to 5080dpi, without using film, chemicals or water. SPGPrints’ software optimises control when creating fine positive and negative images.

Additionally, there will be information about SPGPrints’ new Dev & Dry developer and washing system for RotaPlate screens, providing a fast, automated imaging solution with minimal manual input and outstanding reproducibility, without risk of error.

Jimmy Cao, sales manager label printing, SPGPrints Printing Systems Wuxi Co., comments: “Retail goods manufacturers seek distinctive packaging for their brands, to convey the quality expected by consumers. We are experiencing a growth in demand for our rotary screen technology, as brand owners see a workflow centred around RotaMesh and RotaPlate as the solution to meet brand-owners’ quality demands, combined with a low cost of ownership and the support of SPGPrints’ global network. Our experienced technical sales team will be available at Labelexpo Asia to explain how these advanced technologies are the ideal platform for meeting the Asian market’s needs.”
(SPGPrints B.V.)

Newsgrafik #118724
 05.12.2017

Canfor Pulp Announces Temporary Production Outage at Northwood  (Company news)

Canfor Pulp Products Inc. (TSX:CFX) announced on December 1st that it has taken a temporary and unscheduled outage on one production line at its Northwood Northern Bleached Softwood Kraft ("NBSK") Pulp mill located in Prince George, British Columbia ("BC"), as a result of a tube leak in the number five recovery boiler.

Canfor Pulp anticipates the number five recovery boiler to be down for approximately two weeks, and is currently projecting 15,000 tonnes of reduced NBSK pulp production during the fourth quarter 2017, as well as higher associated maintenance costs and lower projected shipment volumes.

To mitigate the impact of the incident, Canfor Pulp is continuing to operate the second production line at the Pulp mill and will advance certain mill maintenance activities previously scheduled to be performed in the first quarter of 2018.

Due to mitigation efforts by Canfor Pulp the temporary outage is not expected to have a material impact on the financial condition of the Company. The company will be making a claim under its insurance program.
(Canfor Pulp Limited)

Newsgrafik #118668
 04.12.2017

Heidelberg celebrates the world premiere of the Primefire 106 with packaging printers from ...  (Company news)

...all over Europe

-First user Multi Packaging Solutions in Obersulm opens its doors for a joint open house with (Heidelberger Druckmaschinen AG)
-Joint open house with Heidelberger Druckmaschinen AG

Photo: Montserrat Peidro-Insa, Head of Business Area Digital at Heidelberg, presented the possibilities and innovative business models offered by the Primefire 106 to the customers at the open house at Multi Packaging Solutions.

More than 70 customers from 40 packaging manufacturers from all over Europe took advantage of an opportunity at the beginning of November for an in-depth visit to the packaging printing company Multi Packaging Solutions in Obersulm. Part of the global differentiated paper and packaging solutions provider WestRock headquartered in Norcross, GA, in the US, it is the first commercial user of Heidelberg’s new digital flagship, the Primefire 106 for the 70x100 cm format. Multi Packaging Solutions produces high-end packaging for consumer branded products in the premium and luxury market space, and the technical requirements for the machines they use are correspondingly high. These prerequisites offer Heidelberg the perfect platform to be able to extensively test and enhance the new machine in real-life operation.

“Our customers are extremely demanding,” emphasized Joint Managing Director Steffen Schnizer at the open house event. It is therefore important for us to use the most suitable machines for the specifications of the job. “For a long time, digital printing presses were not able to meet our customers’ high standards for quality and color fidelity”, he said. “The Heidelberg Primefire 106 meets these requirements.” The extremely high density of 1200 dpi or more than 10 billion dots per printed sheet provides a level of sharpness and brilliance previously unknown in digital printing. Manufacturers of packaging for high-ends products in particular appreciate this.
(Heidelberger Druckmaschinen AG)

Newsgrafik #118678
 04.12.2017

Over half of South America´s Pulp and Paper Production rated on WWF´s ...  (Company news)

... Environmental Paper Company Index

WWF presents the results of the Environmental Paper Company Index 2017, a WWF tool to promote transparency and continual improvement in the global pulp, paper and packaging sector. The Index is published for the fifth time. Together, the EPCI 2017 participants from Europe, South America, Africa, Asia and North America disclose the environmental performance of 26% of the world´s tissue, 23% of the world´s graphic paper, 17% of the world´s newsprint, 9% of the world´s packaging and 15% of the world´s pulp. South America has taken a leadership role in participation this year with the disclosure of over 50% of the total volume of pulp and paper produced in the region.

“The willingness by many companies to participate every two years in WWF’s Environmental Paper Company Index, many for the third time, is an important signal that transparency is increasingly valued across the globe and that the EPCI is positively received as a voluntary mechanism to encourage this transparency” said Alistair Monument, Leader, WWF Forest Practice.

WWF´s EPCI tracks how a company´s performance on responsible sourcing, clean production and EMS/reporting changes over time. The Index is based on voluntary data disclosure by invited participants on over 50 indicators that WWF considers important for a company´s ecological footprint. WWF publishes collated results company by company and shows a historical timeline since 2013. By doing so, the Index helps track companies’ and also the sectors’ journey towards sustainability. Find the results of all participating companies on epci.panda.org.

“WWF´s EPCI is a valuable tool for companies to reflect on their operations,” said Trevor Walter, WWF´s Pulp and Paper Southern Alliance Coordinator. “Given the scale and footprint of the industry in our region, it is heartening to see more South American companies participating in the EPCI than ever before, and we hope this will encourage further transparency in the sector.” 33% of the pulp purchased globally comes from South America. Over half of all pulp and paper exports from the region go to China and the EU and demand as well as production continue to increase.

“Paper is a renewable, recyclable material, with a potentially lower footprint than substitute materials if managed and produced responsibly. However, the sector's size and impacts are expanding”, said Cecilia Alcoreza, WWF´s global lead on Sustainable Paper and Packaging. “This is why it is crucial for companies to demonstrate leadership in transparency and a commitment to continual improvement, reducing the sector´s forest, climate and water footprint.”
(WWF Forests for Life Programme)

Newsgrafik #118680
 04.12.2017

LABELEXPO 2017: iFlex, innovation made of simplicity  (Company news)

Great success for OMET at Labelexpo 2017. One of the greatest and most impressive booths of the entire exhibition welcomed thousands of visitors from all over the world, confirming OMET leadership in the European and International market. Main attractions were the three printing lines, iFlex, XFlex X6.0 and X6 Offset, presented with live demonstrations showing also the concepts of the Industry 4.0.

iFlex drew particular attention thanks to its new version with specific chill rolls, which increased the versatility of the press born to revolutionize the concept of label printing. Thanks to a set of unique innovations, it allows for perfect printing results through ease of use, intuitiveness and quick operations.

OMET iFlex is a narrow-web printing press 370 mm wide (14” 4/8), with maximum speed of 190 m/min and printing repeat from 5.5” to 18”. It offers the possibility to print with different technologies, such as flexo UV, UV LED or water-base and rotary screen printing, with in-line die-cutting (repeat from 8” to 24”).

iFlex is a Made in Italy narrow-web press dedicated to the label market, able to produce all kind of labels with the highest efficiency, including wraparound and shrink labels, thanks to the possibility to implement the specific Film Asset. It is the ideal solution to start a new business in the label market, a growing sector attracting more and more players, or to enhance an already qualified machine range, since it is perfect for both short and long runs.

Its main strong point is the functional design: it features short web path to minimize start-up waste and it requires low maintenance and minimum spare parts thanks to its compact but very ergonomic design, poor for wearing components, making it a real cost-effective solution. It features unique smart applications, specifically conceived to make the entire printing process easier and intuitive.

iLight is an innovative pre-registration system with laser pointer on every flexo unit. The laser beam indicates the ideal alignment of the print cylinder, allowing quicker job changeover and register set-up. A second laser system is installed inside the die-cutting unit to help the operator in positioning the flexible die with no mistakes. iVision is the innovative register adjustment system allowing for color-to-color register setting in real-time, through a set of smart cameras, one on each printing unit. The operator needs few seconds to adjust the mark just by watching the image on the dedicated display. iLight and iVision combination drastically reduces set-up time and waste, making every operation extremely easy and intuitive.

Like all OMET printing lines, iFlex offers a superior print quality thanks to a new direct driven transmission on the impression cylinder: iDrive. This exclusive system increases the print precision and erase the common issues of flexo printing: it is the only narrow-web press with only one gear per print unit, which enables better performance and higher stability, without any gear mark issue.

iFlex is a complete line configurable with different finishing and converting options. The Easy-Change Die-Cut unit with ECDC system eliminates long changeover time through a special sliding device, which facilitates the handling of heavy magnetic cylinders, with no need for lifting devices and no effort for the operator. The new version of iFlex features further improvements in the converting section, such as the addition of the sheeting station and the evolution of the exclusive Rock’n’Roll matrix stripping unit, now with “Dual Function” capability to provide higher stripping performance with all kind of label shapes. It can work in two different ways according to the type of substrate and the die-cutting shape: either as contact-style or as tower-style system.
(Omet S.r.l.)

Newsgrafik #118681
 04.12.2017

Christmas is coming  (Company news)

Have you started thinking about Christmas yet? If you start today, it won’t be quite so stressful…. and… be sure… Christmas is probably closer than you thought.

For your own delight and your family and friends joy, here’s a collection of eye-catching and festive paper essentials. Packed with decorative kitchen towels, paper napkins, design toilet paper, handkerchiefs and facial tissues, quite sure you will have something for everyone.

Renova Christmas Pack is ready to be delivered directly to your front door and… shipping is free for France, Belgium, The Netherlands, Austria, Germany, Denmark, UK mainland, Ireland and Italy. Check all the details and order your special pack today.

Online only but remember that stocks don’t last forever.
(Renova FPA SA)

Newsgrafik #118688
 04.12.2017

Xeikon to head to Labelexpo Asia with Innovative Digital Label Solutions  (Company news)

Xeikon to be joined by two Flint Group divisions to address virtually all narrow web digital and conventional production needs

Xeikon will be joined by the Flint Group’s Narrow Web and Ink divisions at Labelexpo Asia 2017, scheduled for 5 to 8 December 2017 in the Shanghai New International Expo Centre. The companies will be located on Stand G21 at the show. By combining Xeikon’s digital printing expertise with the wide range of conventional narrow web offerings from the Flint Group, visitors to Stand G21 will find solutions that address all label converter needs for self-adhesive and heat transfer labels. In addition to a Xeikon 3500 roll-to-roll digital press configuration, the stand will also feature a ThermoFlexX integrated plate production system for flexo and letterpress.

“There is huge growth potential in the Chinese market for digital label production, and it is an important market for Xeikon,” said Bent Serritslev, Xeikon’s Managing Director of Xeikon Asia Pacific. “With the broadest range of digital label printing solutions in the market, Xeikon has doubled its market share in China over the last two years, a growth rate we expect to continue. This expectation is validated by the fact that Xeikon customers are experiencing strong volume growth on their digital presses, indicating there is no shortage of volume suitable for digital production.”

Exceptional Support Is Critical
Serritslev points out that customers in China appreciate the quality and reliability delivered by Xeikon presses, but they also value timely, responsive service and support when issues do arise. “To that end,” he added, “Xeikon has invested heavily in the establishment of a quality direct sales and service organization in China. Our objective is to make the customer experience as seamless and responsive as possible in order to ensure the highest levels of customer satisfaction and equipment up-time.”

About the Xeikon 3500 (photo)
The Xeikon 3500 roll-to-roll digital label press prints on web widths up to 516mm (20.3”) at 1200 dpi, and at speeds of up to 594 m2/hour. It uses high lightfastness QA-I or ICE toner. As Xeikon’s flagship wide web label press, the Xeikon 3500 enables shorter runs, faster delivery times, and the utmost in production flexibility. It’s highly functional X-800 digital front end with VariLane imposition software minimizes prepress activities, allowing label converters to easily combine different jobs on one substrate – even if the labels are of different heights and widths and with different run lengths. Last-minute adjustments to artwork or the addition of variable data is fast and easy, further increasing profitability for label converters. This type of out-of-the-box thinking and unique value-add sets Xeikon apart in the world of digital label printing.
(Xeikon Manufacturing and R&D Center)

Newsgrafik #118624
 01.12.2017

Greycon Boosts Equipment Efficiency at Jianhui Paper   (Company news)

Greycon is currently implementing its trim solution, X-Trim on four Paper machines at Jianhui Paper in Dongguan city of China. Dongguan Jianhui Paper is one of the biggest Paper and pulp manufacturer’s in China’s Paper industry.

Greycon will implement X-Trim for trimming optimisation integrating with Jianhui Paper’s ERP system, Inspur. Implementation began in July 2017 and the project is expected to go live in December 2017.

Mr Liu Mingwei, CFO at Jianhui Paper said: “We are looking forward to reaping the benefits of Greycon’s system. Greycon has made the implementation process as easy as possible by integrating with our own ERP system. Greycon’s system will give us more time for business analysis and strategic thinking.”

Greycon’s new system is expected to bring numerous benefits to Dongguan Jianhui Paper at multiple levels. Reducing trim waste, minimising pattern and knife change numbers and in-turn greatly increase Jianhui’s overall equipment efficiency. Stock to trim will significantly reduce the stock amount and cost. Meanwhile, X-Trim will minimise manual dependence and personnel faults during the trim process and improve the customer service level.

“X-Trim is integrated with Inspur ERP, through the integration. X-Trim can be fully localised to meet the needs of each machine. In general, the new automated and integrated system processes will provide Dongguan Jianhui Paper the ability to focus over strategic and operative group improvement, increase industrious competitiveness and bring more time for business analysis and strategic thinking,” commented Tian Jinlong, Greycon.
(Greycon Ltd)

Newsgrafik #118661
 01.12.2017

Codimag attends Labelexpo Asia 2017 with the Viva 340 evolution equipped with ...  (Company news)

... the Aniflo breakthrough technology

At Labelexpo Asia 2017, Codimag will show its Viva 340 Evolution press, based on the company’s Aniflo technology and featuring enhancements in automation and connectivity (stand G50, Shanghai New International Expo Centre, China, 5th – 8th December). There will also be regular live demonstrations and the possibility to arrange private trials at the stand.

Codimag’s Aniflo technology combines offset quality, flexo simplicity and digital flexibility. It features a waterless offset unit, with offset plates and a simple anilox delivery system that brings a uniform ink amount across the web. High-definition plates can be imaged within three minutes, assuring fast setup times and outstanding quality on all commonly used label substrates. Aniflo’s superior stability allows expanded gamut printing, reaching over 90 per cent of the PMS colour book without ink changes or consequential washing.

Viva 340 Evolution, a dedicated Aniflo press, will feature advances in software, architecture and controls. A new human-machine interface enables transfer of prepress data to print a label with minimised manual input in minutes. New software features allow automated register synchronisation and connectivity with elements in the customer’s IT environment such as prepress solutions and ERP systems.

Private one-to-one trials are arranged on the Viva 340 Evolution for converters willing to have their own PDF files printed on the press in real production environment, using Esko Equinox imaging software to provide a real-time experience of the speed and efficiency of the complete workflow.

Pre-press equipment will be provided by its partner in waterless offset plate, Toray. The AnifloLive demonstrations will highlight the complete pre-press workflow with a Cron CTP offset plate imager and a processor to prepare the plates in live conditions.

Codimag will also share its booth with its long-term partner for UV drying systems, IST-Metz. This will be the opportunity to show the new air-cooled IST-Metz MBS7 LEDcure system that offers longer lamp lifetime, reduced energy consumption, elimination of ozone emissions, increased start-up speeds and compatibility with film as well as paper substrates. The MBS7 UV system is also equipped with the “Hot Swap” function that allows changes from conventional to LED lamps in just a few seconds.
(Codimag)

Newsgrafik #118663
 01.12.2017

EBB Paper: December Price Increase  (Company news)

Many of our suppliers have notified us of their need to raise prices in order to maintain sustainable supply into the UK.

As a direct consequence, we will be increasing our selling prices on the following products on Monday 4 December 2017:
-Coated Sheets & Reels = 6% to 9%
-Specialty Papers = 6% to 9%

Once we have concluded the negotiations with our suppliers, we will write to you again with the exact increases by grade.
​In the meantime, we would like to thank you for your continued support.
(Elliott Baxter & Co. Ltd - EBB Paper)

Newsgrafik #118671
 01.12.2017

EyeC Quality Link - Link your press and rewinder for maximum productivity  (Company news)

The EyeC Quality Link connects your press and rewinder for total quality control at maximum productivity. Thanks to the EyeC Quality Link, reduce waste by monitoring your print quality on the press, improve safety by evaluating the quality of each printed roll on a work station, and speed up the removal of faulty material on the rewinder.

Improve your quality AND productivity
Thanks to the EyeC Quality Link, monitor your quality where it benefits you most — on the press — and use the inspection results to speed up the removal of faulty material on the rewinder. As a result, you can enjoy total quality control without having to equip both your press and rewinder with full inspection systems. Not only do you prevent waste, cut production costs, and meet customer requirements, but, best of all, you also improve your productivity.

Prevent waste and cut costs
Installed on your press, the EyeC ProofRunner monitors 100% of the print run in real time. The system identifies any defective item and alerts you so that you can fix the problem immediately. As a result, you can run at full machine speed without risk, and no longer produce unnecessary waste and overruns.

Efficiently evaluate inspection results
The EyeC Quality Manager software enables you to use the data from the press to evaluate the quality of each printed roll and avoid unnecessary stops at the rewinder. Thanks to its intuitive interface, you can review deviations easily and accept minor defects in one click. Now independent from the finishing line, this evaluation can be performed by experts such as the ones from your QC department.

Quickly remove faulty material
The EyeC Finishing Manager software uses the released data to automatically stop your rewinder when the operator needs to remove faulty materials. The reduction of the number of stops enables the operator to run faster and work more efficiently. You are certain to keep customers satisfied by delivering a flawless job!
(EyeC GmbH)

Newsgrafik #118674
 01.12.2017

A. Celli Paper: Five new Tissue Lines for Yibin Paper Industry Co. Ltd  (Company news)

A.Celli Paper is pleased to announce the precious collaboration with the Chinese group Yibin Paper Industry Co., Ltd. also for the supply of Tissue Machines.

In July 2017 A.Celli Paper received an order confirmation from Yibin Paper Industry Co., Ltd (part of the YIBO Group) for the supply of five high-speed Tissue Machines, each of which boasts a production capacity of 25,000 tons per year, seventy-four (74TD) tons per day at 100% efficiency.

The supply includes two new Tissue Machines model iDEAL® with web format at the pope reel of 2.800 mm, a design speed of 1800m/min and an 18’ Steel Yankee Dryer, and three new Tissue Machines model iDEAL® with web format at the pope reel of 2.800 mm, a design speed of 1800m/min and a 16’ Steel Yankee Dryer. Both configurations will be equipped with Steam Hoods and the supply also includes the Approach Flow and various ancillary systems, as well as the “Control & Automation” systems.

The design of the latest-generation Steam Hoods and of the 16’-and 18’-diameter Steel Yankee Dryers are the further elements of technological excellence. A distinctive sign of A.Celli that makes its offer the right answer to the numerous demands of the market in terms of experience and professionalism – a true added value for customers. The order is completed by a shaft extraction system at the pope reel with relative reel lifting and discharge platform for each Tissue Line.

The new Tissue Lines, whose startup is scheduled in sequence starting in the second half of 2018, will allow the group to produce extremely high quality papers.

This new investment by Yibin Paper Industry Co., Ltd is a further demonstration of the technological reliability of the most evolved generation of Tissue Machines model iDEAL®, as well as of the fact that A.Celli Paper once again confirms itself to be a precious, expert and professional partner capable of walking side-by-side with its customers, building important relationships.
(A. Celli Paper S.p.A.)

Newsgrafik #118702
 01.12.2017

SOFIDEL RECEIVES THE PPI WATER EFFICIENCY AWARD  (Company news)

The award was presented on Wednesday in Brussels by RISI, the leading information provider for the global forest products industry, in recognition of the Soffass Cartiera via Giuseppe Lazzareschi in Porcari (Lucca) plant for having limited water usage to just 3.9 l/kg.

The awards ceremony, held at the Royal Museums of Art and History in Brussels, was organised by RISI, the leading information provider for the global forest products industry, and recognised excellence in the international tissue sector.

The awarding of the prize for the Water Efficiency category recognises the work done in reducing water usage at the Soffass Cartiera via Giuseppe Lazzareschi in Porcari (Lucca) plant.

In the production site has been installed the Waste Water Reuse plant for reusing waste water for production purposes. An investment that permits a saving of more than 250,000 m3 of water per annum. The plant features three different purification phases:
• biological process to drastically reduce the level of organic pollutants
• use of ultrafiltration membrane batteries to separate the solid material from the liquid
• reverse osmosis system treatment to eliminate the residual saline content

Thanks to this plant, the water used per kilogram of paper produced in this production site is 3.9 l/kg, an exceptional figure.
(Soffass S.p.A. Cartiera Via di Lucia)

Newsgrafik #118613
 30.11.2017

Paper production decreased, growth in other forest industry product groups  (Company news)

In January-September, paper production in Finland totalled 5.0 million tonnes, which represents a decrease of 2.3% compared to the corresponding period last year. In the third quarter, paper production amounted to 1.7 million tonnes, which is about 1% less than in the third quarter of 2016.

“Demand for printing and writing paper has been decreasing for a long time now, especially due to digitalisation in developed markets, and this is reflected in paper production,” says Timo Jaatinen, Director General of the Finnish Forest Industries Federation.

Meanwhile, changing consumer habits have had a positive impact on paperboard demand. Online shopping increases demand for paperboard packaging, as does the fact that plastic packaging is being replaced by paperboard packaging manufactured from a renewable material. In January-September, paperboard production totalled 2.7 million tonnes, which is 7.9% more than in the year ago period. In July-September, 0.9 million tonnes of paperboard was produced, which represents an increase of 9% compared to the corresponding period in 2016.

Softwood sawn timber production in January-September increased by 5.9% compared to the year ago period and totalled 8.9 million cubic metres. In recent years, China has become a significant export market especially for spruce sawn timber. In the third quarter, softwood sawn timber production remained at the same level as in the corresponding period last year, that is, 2.6 million cubic metres.

Plywood production increased by 10.3% in January-September to 0.9 million cubic metres. In July-September, plywood production totalled 0.3 million cubic metres, which is 16% more than in the year ago period. Plywood is primarily used in construction, vehicle flooring, and LNG tankers. Growth in the European new construction and renovation markets had a positive impact on plywood production.

Pulp production in January-September amounted to 5.7 million tonnes, up by 2.3% from the same period last year. In recent years, Finnish forest industry companies have made significant investments into pulp production capacity but this is not yet fully reflected in production volumes. In July-September, 1.9 million tonnes of pulp was produced, an increase of 5% from the same period in 2016.

Finnish forest industry companies’ markets are mostly in Europe and Asia, depending on the product groups they focus on. Finnish producers’ competitiveness, especially in the paper industry, is strained by high production costs as well as long transport distances compared to our main competing countries Sweden and Germany.

“Forest industry companies operating in Finland bring the country substantial economic wellbeing by paying taxes, offering employment, and by using domestic raw materials. Forest industry products account for over a fifth of Finland’s merchandise exports. Companies operating in Finland need symmetrical operating conditions compared to competing countries, so that Finland remains an attractive and competitive location for industrial production and investments,” says Timo Jaatinen.
(Metsateollisuus ry - Skogsindustrin rf / FFIF Finnish Forest Industries Federation)

Newsgrafik #118653
 30.11.2017

Orchids Paper Products Company Announces Third Quarter 2017 Results  (Company news)

Orchids Paper Products Company (NYSE American: TIS) reported results for the quarter ended September 30, 2017. The following tables provide selected financial results for third quarter 2017 compared to third quarter 2016 and second quarter 2017.

Jeff Schoen, President and Chief Executive Officer, stated, "Sales in third quarter experienced strong growth due to incremental volume from new business that started shipping in June. In August, we announced the addition of a significant new customer in a new distribution channel for new ultra-premium products to be manufactured in the Barnwell, South Carolina facility. We are on track to begin shipments for this new customer late in the fourth quarter of 2017, with full implementation expected by second quarter 2018. We expect to ship at 50% of the final run rate in December and ramp to full production in the first quarter of 2018. When this new business is fully implemented, total Company sales are expected to be between $220 and $240 million annually."

"We are on track to complete the start-up of the Barnwell facility by the end of 2017, as we stated previously. The paper machine has met all start-up expectations and is fully capable of delivering the product quality and capacity to support the new business."

"In third quarter 2017, our margins were negatively impacted by higher fiber costs due in part to a slower than expected ramp-up of Barnwell's fiber preparation and fiber recovery systems and in part due to an escalation of the market prices paid for virgin fiber. The fiber preparation and recovery systems are fully ramped and operational at the time of this release, and we anticipate this will drive an improvement in future margins."

Third Quarter 2017 Relative to Third Quarter 2016
Net sales increased $5.5 million, or 14%, in the third quarter of 2017 compared to the same period in the prior year. Converted product sales increased $3.7 million as a result of the continuing ramp-up of previously announced new private-label business. Net sales of converted product benefitted approximately $4.2 million from increased volume, while a lower average selling price per ton had a negative impact of approximately $0.5 million. Parent roll sales increased $1.8 million, resulting from ramping-up capacity at the new mill in Barnwell, South Carolina. We generally endeavor to run our paper-making mills at capacity, and production that is not needed to support converted product sales is sold as parent rolls.

Cost of sales increased $9.0 million, or 27%. Standard cost of sales increased $4.4 million, or 15%, consistent with the change in sales. Major contributors to the remaining $4.6 million increase in cost of sales include: approximately $1.4 million of increased freight cost based on changes in customer and geographic distributions; approximately $1.7 million of increased material costs, principally for virgin fiber; approximately $1.9 million of increased overhead costs not covered by production and sales; and other factors such as inventory obsolescence resulting from changes in customers' product lines, certain manufacturing efficiency variances, and increased fiber and utility costs in the Mexicali operations. Partially offsetting these noted changes in costs were approximately $1.3 million of capitalized variances that were directly attributable to preproduction test runs necessary to get Barnwell's new equipment ready for its intended use.

SG&A expenses increased $0.5 million principally due to contributions of excess inventory to support hurricane relief efforts and due to increased legal and professional fees.

Interest expense increased $0.2 million, or 29%, to $0.8 million due principally to increased debt levels. Our interest rate is largely variable and dependent upon our financial leverage, and was 5.2% at the end of the third quarter of 2017. Interest expense for the third quarter of 2017 excludes $1.6 million of interest capitalized to the Barnwell, South Carolina, capital project, pending its completion, compared to capitalized interest of $0.3 million for the same period in 2016.

A tax benefit of $2.0 million was recognized in the third quarter of 2017 compared to tax expense of $0.7 million in the third quarter of 2016, reflecting both the decline in pre-tax earnings and the Company's recognition of tax credits.

As a result of the foregoing factors, net income of $0.7 million, or $0.07 per basic share, was recognized in the third quarter of 2017 compared to net income of $2.2 million, or $0.21 per basic share, in the third quarter of 2016.

Third Quarter 2017 Relative to Second Quarter 2017
Net sales increased $6.7 million, or 18%, in the third quarter of 2017 compared to the second quarter of 2017. The increase in net sales principally reflects the continuing ramp-up of new business, which began to be produced and shipped late in the second quarter of 2017. Converted product net sales increased $7.2 million, with $6.9 million of the increase attributable to increased volume and $0.3 million due to an increase in the average selling price. Parent roll sales decreased $0.5 million, reflecting the utilization of increasing mill capacities to service new converted-product business.

Cost of sales increased $5.5 million, or 15%. Standard cost of sales increased $4.2 million, or 15%, consistent with the change in sales. Major contributors to the remaining $1.3 million increase in cost of sales include: approximately $0.9 million of increased freight cost based on changes in customer and geographic distributions; approximately $1.0 million of increased material costs, principally for virgin fiber; approximately $1.2 million of increased overhead costs not yet covered by production and sales at the new Barnwell, South Carolina facility; and other factors such as inventory obsolescence resulting from changes in customers' product lines and certain manufacturing efficiency variances. Partially offsetting these noted changes in costs were: approximately $1.3 million of variances were capitalized that were directly attributable to preproduction test runs necessary to get Barnwell's new equipment ready for its intended use, and Pryor's absorption variance improved by approximately $0.6 million.

SG&A expenses decreased $0.3 million, reflecting lower expenses resulting from the timing of employee medical claims, the timing of stock option expense for annual awards granted to the Board of Directors, and a reduction in anticipated bonus payouts. The benefit of these reductions to SG&A expense is partially offset by the previously mentioned contributions of excess inventory to support hurricane relief efforts in the third quarter.

Interest expense increased $0.3 million, or 48%, to $0.8 million in the third quarter of 2017 compared to the second quarter of 2017, due principally to increased debt levels. Third quarter interest expense excludes $1.6 million of interest capitalized to the Barnwell capital project, compared to $1.1 million of capitalized interest in the second quarter of 2017.

A tax benefit of $2.0 million was recognized in the third quarter of 2017 compared to a tax benefit of $0.4 million in the second quarter of 2017, reflecting the Company's year-to-date pre-tax net loss position and the Company's recognition of tax credits. Tax provisions are calculated based on year-to-date and full-year projected taxable income, so the quarter contained catch-up adjustments to realign tax expenses for the year.

As a result of the foregoing factors, net income of $0.7 million, or $0.07 per basic share, was recognized in the third quarter of 2017 compared to a net loss of $2.0 million, or ($0.20) per basic share, in the second quarter of 2017.

Liquidity
At September 30, 2017, Debt, not having been netted with unamortized deferred debt issuance costs, was $171.5 million and was largely incurred to finance the construction of our integrated converting facility in Barnwell, South Carolina. The Barnwell facility was completed at the end of the third quarter of 2017, with the exception of the recycled-fiber processing plant that is operational in November 2017. The Company anticipates little capital remains to be spent on the recycled-fiber processing plant. The total projected expenditure for the Barnwell facility is approximately $164 million, inclusive of approximately $5.2 million of accrued, unpaid bills and amounts under open purchase orders.

At September 30, 2017, the Company was not in compliance with certain financial covenants under its Credit Agreement and New Market Tax Credit Financing Agreement, and obtained a waiver from its lenders. The financial covenants under the Credit Agreement, as amended, required the Company to maintain a minimum fixed charge coverage ratio of 1.05 to 1.0 and a maximum leverage ratio of 5.5 to 1.0 at September 30, 2017. The Company's leverage ratio was 10.9, and the fixed charge coverage ratio was (1.4) as of September 30, 2017. On November 7, 2017, the Company entered into Amendment No. 6 to its Credit Agreement, which, in addition to providing a waiver for the existing defaults, provides for a minimum EBITDA covenant, amends the pricing schedule, and amends certain reporting requirements. Including the amendments incorporated into this waiver, the Company's credit facilities have been amended for each of the last four quarters. The financial covenant requirements in effect at this time are as follows: fixed charge coverage ratios of 1.05 to 1 at September 30, 2017 and 1.2 to 1 at December 31, 2017 and quarter-ends thereafter, leverage ratios of 5.5, 4.5, and 3.5 at September 30, 2017, December 31, 2017, and March 31, 2018 and quarter-ends thereafter; minimum EBITDA for the most recent three-month period of $4.0 million, $4.8 million, and $5.0 million at October 31, 2017, November 30, 2017, and December 31, 2017 and as of the last day of each month thereafter.

The Company is seeking to refinance its existing long-term debt obligations within the fourth quarter of 2017. The Company may also need to seek another waiver of these and other financial covenants for the fourth quarter of 2017 in order to continue operating under the existing terms of the credit facilities. If the Company is unable to obtain another waiver of these financial covenants and/or a refinancing is not completed, the bank syndicate could declare a default. There can be no assurance that the Company's lenders will agree to further waivers or amendments to the existing debt covenants. While management intends to amend or refinance the debt, there can be no assurance that the Company will be able to obtain additional financing on terms that are satisfactory to it or at all. As of September 30, 2017, the borrowings under the Credit Agreement and the term loan otherwise due in 2022 were classified as current on the balance sheet due to these uncertainties regarding the Company's ability to meet the existing debt covenants over the next twelve-month period. The Company's cash requirements have historically been satisfied through a combination of cash flows from operations, equity financings and debt financings. We expect this trend to continue.

Third Quarter 2017 Relative to Third Quarter 2016: Operating cash flows, excluding changes in working capital, decreased $7.6 million compared to the third quarter of 2016, primarily reflecting the decrease in net income, net of changes in deferred taxes. Changes in working capital provided $0.9 million of operating cash flows in the third quarter of 2017, principally as accounts payable decreased a bit more than accounts receivable increased. This compares to $6.1 million of cash used for working capital in the third quarter of 2016, principally from a decrease in accrued Barnwell liabilities and increases in accounts receivable and prepaids, as partially offset by a decrease in income taxes receivable. Increased borrowings in both periods were used to finance investments in the Barnwell facility. In 2015, the Company received $12.0 million of restricted cash from financings, of which $1.2 million and $3.6 million was used in third quarter 2017 and 2016, respectively, for the Barnwell facility and was, accordingly, included in Investing activities. The Company paid dividends of $3.6 million in the third quarter of 2016, which are included in Financing activities.

Third Quarter 2017 Relative to Second Quarter 2017: Operating cash flows excluding changes in working capital increased $1.1 million compared to the second quarter of 2017, primarily reflecting the increase in net income, net of changes in deferred taxes. Changes in working capital provided $0.9 million of operating cash flows in the third quarter of 2017, as described above, compared to $0.3 million provided in the second quarter of 2017. Additional borrowings in both periods were used to finance investments in the Barnwell facility. The Company paid dividends of $3.6 million in the second quarter of 2017, which are included in Financing activities.
(Orchids Paper)

News-Paginierung #2