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    Birkner 2017 - NEW: Web database access and book editions at a special price    ( Company news )

    Company news Within a few weeks, the new, completely updated web database and book editions from Birkner 2017 - International PaperWorld, the unique source of information for the international paper industry, will be published.

    With the combination or individual offers fur use of the current database contents in web and book you have all advantages of professional reasearch in the Birkner media available to you.

    • Over 28,000 updated company profiles from 153 countries
    • Location, management, manufacturing, product, brand and service information
    • Detailed multilingual search functions with convenient data export options
    • NEW: Web database access plus preferred online company entry under www.paper-world.com
    • Unique linking of current news with company profiles

    Take advantage of the new low-priced single or combination prices for a successful start in 2017 and just fill out the order form here.
    (Birkner International PaperWorld)
     
    17.02.2017   Kelheim Fibres with a mixture of new and well-established products at index17    ( Company news )

    Company news Viscose speciality fibre manufacturer Kelheim Fibres presents a mixture of new and well-established – and further enhanced – products at index17 in Geneva.

    Photo: Speciality viscose fibre VILOFT

    Flushability remains one of the most important topics. With their flat
    short cut fibre, Viloft®, Kelheim Fibres offers the first viscose fibre for rapidly disintegrating wet wipes. Nevertheless, the Bavarians do not rely on the performance of the fibre and their experience of more than 10 years in this area alone - quite the opposite in fact: together with the local wastewater authorities and renowned pump manufacturer WILO, comprehensive tests on products containing Viloft® were conducted in 2016.

    “We wanted to go one step beyond the requirements of the flushabilty guidelines and we see what actually happens in practice - that is to say down in the sewage system. In contrast to traditional (spunlace) wipes, which led to clogging and blocked pumps, wipes made of Viloft® have passed the test with flying colours. Furthermore, our close cooperation with the wastewater authorities has made clear to us how much damage to the sewage systems is really caused by incorrectly disposed wet wipes. The increased maintenance costs amount to almost 200 Mio € per year in Germany alone – and, at the end of the day, these costs are paid by the consumer”, says Matthew North, Commercial Director at Kelheim Fibres.

    In addition to their rapid disintegration, which eases the load on the pumps, wet wipes made of Viloft® and wood pulp are compostable: they consist of 100% cellulose and are fully biodegradable. Hygienic fibres remain another important topic for the world-leading manufacturer of viscose fibres for the tampon industry. Their patented, extra absorbent speciality fibre Galaxy®, highest hygiene standards as well as a deep understanding for their customers’ needs enable long-lasting peer-to-peer partnerships. The ”External Business Partner Excellence Award 2016“,recently received from P&G, is proof of this.

    Nevertheless, the innovative fibre experts step up to new challenges, too: Kelheim Fibres’ in-house R&D has developed a new fibre named Electra, which can be used in a wide range of applications for the dissipation of static charges. Currently, Kelheim is testing the possible use of this fibre in connection with sensitive electronic components.

    Kelheim Fibres displays these products and more functionalised speciality fibres at booth no. 2415 at index17 in Geneva.
    (Kelheim Fibres GmbH)
     
    17.02.2017   Caraustar Announces Price Increase on All Tubes and Cores and Protective Packaging Products    ( Company news )

    Company news Caraustar Industries, Inc. announced that prices on its paper tube, core and protective
    packaging product lines will increase by at least 8%, effective with
    shipments on or after February 17, 2017.

    The increase is required to recover escalating costs, including paperboard and other raw materials.
    (Caraustar Industries, Inc.)
     
    17.02.2017   Weyerhaeuser reports fourth quarter, full year results    ( Company news )

    Company news - Generated full year net earnings of over $1 billion or $1.39 per diluted share
    - Increased Adjusted EBITDA by nearly 55 percent
    - Merged with Plum Creek, ahead of schedule on capturing synergies
    - Sold Cellulose Fibers businesses for $2.5 billion and net gain of $546 million
    - Repurchased $2 billion of common shares

    Weyerhaeuser Company (NYSE: WY) reported fourth quarter net earnings to common shareholders of $551 million, or 73 cents per diluted share, on net sales of $1.6 billion. This compares with net earnings of $59 million, or 11 cents per diluted share, on net sales of $1.3 billion for the same period last year.

    Fourth quarter results include after-tax earnings of $489 million from discontinued operations, primarily consisting of gains from the divestiture of the Cellulose Fibers pulp mills and printing papers business, and net after-tax charges of $44 million for special items. Excluding discontinued operations and special items, the company reported net earnings of $106 million or 14 cents per diluted share. This compares with net earnings from continuing operations before special items of $81 million for the same period last year and $172 million for third quarter 2016.

    For the full year 2016, Weyerhaeuser reported net earnings attributable to common shareholders of $1.005 billion, or $1.39 per diluted share, on net sales of $6.4 billion. This compares with net earnings of $462 million on net sales of $5.2 billion for the same period last year. 2016 results include after-tax earnings of $612 million from discontinued operations related to the divested Cellulose Fibers segment.

    Full year 2016 includes net after-tax charges of $141 million from special items. Excluding these items, the company reported net earnings from continuing operations before special items of $534 million, or 75 cents per diluted share. This compares with net earnings from continuing operations before special items of $382 million for the full year 2015.

    "2016 was a transformational year for Weyerhaeuser. Through our merger with Plum Creek and the $2.5 billion divestiture of our Cellulose Fibers business, we became a focused timber, land and forest products company and nearly doubled the size of our timberland holdings," said Doyle R. Simons (photo), president and chief executive officer. "In addition to completing these significant portfolio changes, we increased Adjusted EBITDA by nearly 55 percent, delivered more than $100 million of operational excellence improvements, captured significant merger synergies, and achieved the highest annual Wood Products earnings in over a decade. Finally, we returned cash to shareholders through a $2 billion share repurchase. Entering 2017, we remain strongly committed to driving industry-leading performance, continuing to capture benefits of the merger, and demonstrating disciplined capital allocation to drive superior value for shareholders."

    WEYERHAEUSER FINANCIAL HIGHLIGHTS
    Weyerhaeuser merged with Plum Creek Timber Company, Inc. (Plum Creek) on February 19, 2016. The financial statements presented within this release do not include Plum Creek financial results for any period prior to the February 19, 2016 merger date.

    During 2016, Weyerhaeuser sold its Cellulose Fibers businesses. Results for the Cellulose Fibers segment are presented as discontinued operations. All periods presented have been revised to separate results of discontinued operations from the results of our continuing operations.
    (Weyerhaeuser Company)
     
    17.02.2017   China's Guangdong Shaoneng orders new 26,000 tpy tissue unit from A.Celli Paper    ( Company news )

    Company news In the fourth quarter of 2016, A.Celli Paper won the chance to cooperate with GuangDong ShaoNeng Group Co., Ltd.

    For the first time, ShaoNeng Group ordered a Tissue Machine line from A.Celli Paper, the scope of supply including a stock preparation system, electrical & drive system, DCS & QCS, accessory equipment and the Tissue Machine itself, in a 2850-mm format and operation speed up to 1600 mpm. Capacity is up to 26,000 tpy.

    This new Tissue Machine will be located in Nanxiong Shaoneng Group’s subordinate mill, Nanxiong Zhuji Paper Mill, as its TM02, using virgin wood pulp or bamboo pulp as raw material. During the offer process, after a thorough reference survey, internal discussions that deeply studied and compared all suppliers’ technical and performance capabilities and supplier reliability, Shaoneng Group executives chose A.Celli as its partner.

    A.Celli Paper will adopt the most advanced technology and leading edge manufacturing process design to deliver this Tissue Machine line. This project is expected to be placed into operation in the second half of 2017.
    (A. Celli Paper S.p.A.)
     
    17.02.2017   A team for the future. Progroup deliberately makes structural changes as part of its ...    ( Company news )

    Company news ... Two Twentyfive strategic concept

    With a deliberate structural reconfiguration and expansion of its Executive Board and the gradual transformation from an owner-run company to a second-generation family company, Progroup is responding to the increasing and ever more complex challenges of the market. For the restructuring of the Executive Board Progroup is relying on expertise from its “own” ranks and is fortunate enough to have again secured the services of Dr. Volker Metz and Mr Philipp Kosloh for its company. Furthermore, Progroup is particularly delighted that Mr Maximilian Heindl joining the company has heralded the gradual transformation to a second-generation family company.

    Tackling challenges with the Two Twentyfive strategy
    Globalisation and the ups and downs of economic and political developments, social changes in Europe, the important environmental issue and not least the specific challenges typical of the sector will demand a great deal of flexibility but also plenty of consistency from Progroup through to 2025. This is why since last year Progroup has been approaching the ten-year period that lies ahead with the Two Twentyfive strategy, embracing ambitious projects and success-driven trade, and in doing so has consistently striven to further expand its market leadership in the sheet-feeding market in Central Europe.

    Executive Board reconfigured
    With a deliberate structural reconfiguration and expansion of its Executive Board and the gradual transformation from an owner-run company to a second-generation family company, Progroup is responding to the increasing and ever more complex challenges of the market. The carefully considered changes to the management team place the Group on an optimum footing to be able to achieve the goals it has set itself and will enable real added value to be delivered through efficient teamwork.

    Progroup is relying on continuity and expertise from its “own” ranks and is fortunate enough to have again secured the services of Dr. Volker Metz and Mr Philipp Kosloh for its company. From 1 November 2016, Dr. Volker Metz and Mr Philipp Kosloh have been appointed members of the Executive Board of Progroup AG for a period of five years.

    Dr. Volker Metz has taken on the role of Chief Financial Officer (CFO). In this role, he is responsible for the areas of controlling, accounting, legal affairs, compliance & insurance, treasury and investor relations. He previously successfully ran the Group controlling department at Progroup from April 2009 to January 2016. Mr Philipp Kosloh has been a deputy member of the Executive Board since 1 November 2016. In this role, he is responsible for the areas of production and technology at Prowell plants, Prologistik GmbH, central purchasing, IT operations and growth projects at Prowell. Mr Kosloh previously held various roles for Progroup from 2001 to 2009 and was most recently a member of the extended Group management.

    In addition, Progroup is particularly delighted that Mr Maximilian Heindl joining is gradually transforming the company, which was founded and has previously been run by the Chief Executive Officer Jürgen Heindl, into a second-generation family company. On 1 August 2016, Maximilian Heindl took charge of the area of production and technology at Propapier (PM1 and PM2) and also assumed overall responsibility for Propower. Maximilian Heindl was most recently employed as Director of Production for Voith Paper GmbH & Co in Heidenheim.

    Leading Progroup into the future
    The new Executive Board therefore boasts the very best knowledge of the industry and the company and, with the experience that has been gathered previously, it can implement new approaches and ideas for managing Progroup.

    “We are absolutely delighted that, with the restructuring of the Executive Board, we are taking the vital step for us and the future of the company in embarking on the succession plan and thus laying another foundation stone for successfully implementing the Two Twentyfive strategy.” (Jürgen Heindl, Chief Executive Officer of Progroup AG)
    (Progroup AG)
     
    17.02.2017   New major nanocellulose project starting in northern Sweden    ( Company news )

    Company news With the aim to establish production of crystalline nanocellulose (CNC), a project will be started for development of the test bed TinyBTalented and new applications on a large scale. With a budget of 8 million SEK, the project also aims to establish working methods for future application development. Processum will be acting as project leader for this project with many participants, i.e. Holmen, Melodea, Mid Sweden University, MoRe Research, Organofuel, RISE Chemistry, Materials and Surfaces as well as S2Medical, SEKAB E-Technology and Tetra Pak.

    This is a four year project ending in November 2020. Vinnova, Sweden’s innovation agency, contributes to TinyBTalented with 3.6 million SEK and the participants with 4.4 million SEK. De participants will either together or separately be working with four application areas. These are: CNC in flat shaped materials, in wound dressings, as strength additive in multi-layer materials and for functionalization of gas and fluid barriers. The project also has a stakeholder council consisting of yet more companies and universities.

    At present a pilot plant for production of crystalline nanocellulose, CNC, is being built in Örnsköldsvik in northern Sweden. The pilot is a very important part of the project. This plant will be the first of its kind in Europe and is an important step to make it possible for interested parties to develop CNC from cellulose based material on a large scale. CNC has many interesting material characteristics and can be used as e.g. construction material, biocomposites, printed electronics and paint additives.

    "It is really exciting that we and our project partners at this site have been given the trust to act as platform for development of a new generation biobased materials", says Emma Johansson, R&D engineer at Processum and project leader for TinyBTalented. "We have an integrated infrastructure for biorefinery development with capability and competence to demonstrate whole or parts of process lines from raw material to finished product on pilot as well as demonstration scale. It is an excellent basis for development of crystalline nanocellulose. The TinyBTalented structure also makes it possible to establish working methods for sustainable future application development."

    "Since it was decided to build a pilot for crystalline nanocellulose here in Örnsköldsvik we have started several projects for development of crystalline nanocellulose applications", says Anna Svedberg, responsible for development and marketing at MoRe Research. "We cooperate with e.g. KTH, Wallenberg Wood Science Centre and Mid Sweden University. This means that TinyBTalented suits our development of nanocellulose and we see the project as an important and necessary step in the development of this material for the future to its fullest potential."

    "The establishment of the test bed TinyBTalented for nanocrystalline cellulose enables upscaling of techniques, accelerates development of applications and is considered having a good potential to replace a number of fossil products with new materials based on CNC", says Moa Eklund, Vinnova. "The plant which is being built is also a complement to already established infrastructure within the biorefinery area in Örnsköldsvik, making it possible to create synergies and the test bed reinforces the partners’ test and demo offers. The plant is also considered as having a potential to attract several international customers. Vinnova also considers it positive that the test bed is part of a major investment in CNC in Örnsköldsvik with a lot of competence built up in several investments".
    (Processum)
     
    16.02.2017   Xeikon supports brand protection with security print at HID 2017    ( Company news )

    Company news Xeikon 9800 (photo) to showcase quality, versatility, speed and reliability

    Xeikon will reconfirm its leading position in the document printing space and highlight its security print capabilities with its flagship Xeikon 9800 duplex press at Hunkeler Innovation Days, Messe Lucerne, February 20 to 23.

    “The transactional and book production space has been affected by the changing communications landscape and as such leading players are looking to the potential offered by adjacent markets,” says Dimitri Van Gaever, Business Development Manager of Xeikon. “At this dedicated event, our objective is to inspire our customers and prospects by showing them new possibilities that are within their reach. This time, we are showcasing a demanding security application that features precision, quality, and reliabledata integrity.”

    This security application is centered around a personalised mailer that includes a high value personalized entry ticket. The substrate of choice is a top quality security paper and the inline finishing will be performed on Hunkeler and GUK equipment. The goal is to highlight the opportunities offered by security features such as variable data, UV clear toner, barcode, spot colors, microtext, guilloches, raised images. Xeikon technology is the perfect fit for this kind of high value application.

    Xeikon recognizes that critical to smooth production is a well-chosen range of partnerships. As such, it has teamed up with Drewsen’s security paper, Agfa and its Arziro software and Hunkeler and GUK with their finishing equipment.

    The Xeikon 9800’s unparalleled combination of quality, speed, versatility and TCO will be demonstrated with live production. The 21.5 m/min (70 ft/min) 5/5 one pass duplex, web fed press delivers 1200 dpi on media up to 512 mm (20.2 inches).

    “This is our seventh time at the show and the sector has undergone a significant amount of change,” says Van Gaever. “Our toner technology delivers sharp print and micro text detail. We are excited to see how it can help customers in this sector strive to meet increasingly complex job requirements. We can also support them as they investigate what other markets their capabilities can explore.”

    “To overcome the complexities of today’s document production, complex partnerships are essential,” concludes Van Gaever. “To create a highly-crafted, secure, communication that targets the right recipients requires a very skilful production team. We will be showing visitors how they can develop their own teams to capture the opportunities available.”
    (Xeikon Manufacturing and R&D Center)
     
    16.02.2017   Commercial debut for Screen GP Truepress Jet520NX inkjet press & new ink at ...    ( Company news )

    Company news ...Hunkeler Innovationdays 2017

    Hall 2, 20-23rd February, Messe Lucerne, Switzerland

    At Hunkeler Innovationdays 2017 (20-23rd February), SCREEN GP will demonstrate the very latest models from the innovative Truepress Jet520 range of high-speed roll-fed inkjet presses, and introduce important new features and functionality.

    The flagship Truepress Jet520HD press will be demonstrated printing onto standard offset coated paper using new inkjet inks for the first time – expanding the flexibility and cost-effectiveness of this powerful system. In another first, the press will be integrated with a Hunkeler Roll-to-Stack solution with Dynacut function to show automatic cutting and stacking of variable sheet lengths.

    At drupa last year SCREEN announced the Truepress Jet520NX model and HID2017 marks the commercial launch of this press. It is equipped with a newly developed 5-inch printhead module and supports a maximum resolution of 600 by 1,200 dpi plus advanced ink volume control. This press can be fitted with an extra printhead for a “fifth color” that enables the use of MICR black ink and other special inks. At HID2017, the Truepress Jet520NX will be integrated near-line to a Hunkeler Roll-to-Stack solution featuring the HL6 laser module and printing value-added transactional applications.

    Finally, new front-end functionality which automates the production of complex, personalized direct mail and books where each item varies in page size and volume will be shown for the first time. Screen also partners with Horizon on their booth to demonstrate the automation of binding books with variable page sizes and volumes.
    (Screen Europe)
     
    16.02.2017   Graphic Packaging Holding Company Reports Fourth Quarter and Full Year 2016 Results    ( Company news )

    Company news Highlights
    -Full-year Net Sales increased to $4,298.1 million versus $4,160.2 million in the prior year.
    -Full-year Earnings per Diluted Share increased to $0.71 versus $0.70 in the prior year.
    -Full-year Adjusted Earnings per Diluted Share decreased to $0.73 versus $0.75 in the prior year.
    -Full-year Net Income decreased to $228.0 million versus $230.1 million in the prior year.
    -Full-year Adjusted EBITDA increased to $763.8 million versus $751.2 million in the prior year.
    -Completed four acquisitions in 2016 for a total consideration of $364 million.
    -Returned $229 million to shareholders in 2016, including $74 million in Q4 2016, through dividends and share repurchases.

    Graphic Packaging Holding Company (NYSE: GPK), (the "Company"), a leading provider of packaging solutions to food, beverage and consumer product companies, reported Net Income for fourth quarter 2016 of $34.9 million, or $0.11 per share, based upon 317.9 million weighted average diluted shares. This compares to fourth quarter 2015 Net Income of $57.2 million, or $0.17 per share, based on 329.6 million weighted average diluted shares.

    Fourth quarter 2016 Net Income was negatively impacted by $9.8 million (net of a $4.1 million tax benefit) of business combinations and other special charges. When adjusting for these charges, Adjusted Net Income for the fourth quarter of 2016 was $44.7 million, or $0.14 per diluted share. This compares to fourth quarter 2015 Adjusted Net Income of $63.0 million or $0.19 per diluted share.

    For the full year 2016, Net Income was $228.0 million, or $0.71 per share, based upon 321.5 million weighted average diluted shares. This compares to 2015 Net Income of $230.1 million, or $0.70 per share, based on 330.7 million weighted average diluted shares.

    Full year 2016 Net Income was negatively impacted by $27.8 million (net of a $12.6 million tax benefit) of business combinations and other special charges, and positively impacted by a $22.4 million discrete tax benefit recorded in the second quarter 2016. When adjusting for these charges, Adjusted Net Income for the full year 2016 was $233.4 million, or $0.73 per diluted share. This compares to full year 2015 Adjusted Net Income of $247.0 million or $0.75 per diluted share.

    "While our fourth quarter Adjusted EBITDA was down modestly versus the prior year period due to accelerating commodity input costs and foreign exchange headwinds, we were encouraged by a return of core volume during the quarter and strong operating performance. Volume in our core business improved in the fourth quarter compared to the third quarter, and our mill and converting facilities operated well," said President and CEO Michael Doss (photo). "Net sales were up 3.2% largely driven by acquisitions. Volume in our core business was flat in the fourth quarter versus the prior year period, compared to a 1.4% decline in the third quarter. Adjusted EBITDA was $175.1 million, down 3.1% compared to the prior year period of $180.7 million. For the full year 2016, Adjusted EBITDA was $763.8 million, up 1.7% compared to the prior year period of $751.2 million reflecting the benefits of acquisitions and strong productivity, partly offset by lower pricing, accelerating commodity input costs in the fourth quarter, and foreign exchange headwinds."

    "Cash flow generation in the business remains strong as we generated $358 million in 2016. Our focus on growing cash flow and returning more of it to shareholders over time has not changed. We returned $229 million to shareholders in 2016 through dividends and share repurchases, including $59 million in share repurchases during the fourth quarter. Our Board of Directors declared a 50% increase in the quarterly dividend paid in January 2017 to $0.075 per share on October 24, 2016 and approved a new $250 million share repurchase authorization on January, 10, 2017. The material increase in the quarterly dividend and new share repurchase authorization demonstrates the confidence we have in our cash flow profile. We remain committed to a balanced capital allocation strategy, which includes reinvesting in our business to drive strong cash returns on cash invested, strategic acquisitions at compelling post-synergy multiples, and returning cash to shareholders through dividends and share repurchases."
    (Graphic Packaging Holding Company)
     
    16.02.2017   BASF offers sustainable solutions for the packaging industry at Interpack 2017    ( Company news )

    Company news At Interpack 2017, taking place in Düsseldorf from May 4 to 10, BASF experts and specialists from BTC Europe, the distribution organization of BASF, will present a wide range of products and innovations from its packaging portfolio in hall 10, booth 43.

    Picture: First biobased transportbox with strapping with ecovio® as a biodegradable solution for barrier coatings

    The broad range of products offered by BASF is focusing on packaging products that reduce the environmental and ecological footprint while still being an economically viable option.

    Two new Copolyamides create new opportunities
    Ultramid® Flex F38L is an entirely new, partly bio-based Copolyamide. The softness and extremely high transparency allows manufacturers to use a Polyamide for vacuum skin packaging. The product is immediately soft without conditioning and has 50% less water uptake than Polyamid 6. Furthermore, the bubble stability and BUR (blow-up ratio) can be significantly increased because of the higher melt stability. The new grade has a different O2/CO2 transmission ratio to all other Polyamides and can be used for cheese ripening bags or modified atmosphere packaging.

    Ultramid® C37LC is a new Copolyamide allowing manufacturers of shrink film for food packaging to achieve higher hot water and hot air shrinkage. Films produced with Ultramid® C37LC have a lower crystallinity and are significantly softer and more transparent than films made of conventional Copolyamide. By reducing the crystallization temperature and melting point of the product, the curling of asymmetric films with Polyethylene (PE) or Polypropylene (PP) is significantly reduced.

    Bio mass balance – an exclusive opportunity for BASF’s customers in the packaging industry
    BASF is presenting the innovative biomass balance approach applied for the packaging industry. Using this concept, renewable raw materials are used as feedstock in the beginning of BASF’s integrated Verbund production system and then allocated to specific sales products. As a consequence, these products save fossil resources and help to reduce greenhouse gas emissions. An independent third party validates the required amount of renewable raw materials and certifies the sales product. An example of the biomass balance approach from a customer’s application will be available for visitors to the BASF booth.

    Barrier Coating for the protection of food
    BASF offers three different Polymer solutions as a functional barrier coating for paper and cardboard. These solutions are Ultramid® (PA), Polybutylenterephthalat (PBT), as well as ecovio® as a biodegradable solution for barrier coatings. Each coating solution offers unique valuable properties in the field of paper and cardboard coating.

    Ultradur® B1520 FC for thin-walled, injection molded food packaging
    Ultradur®, a partially crystalline saturated polyester used in single-serve coffee capsules, offers improved oxygen barrier properties than commonly-used PP. Using PBT instead of PP in the containers also allows for the removal of aluminum film as a needed secondary packaging. Better oxygen barrier properties keep the coffee fresher for a longer time, helping to increase shelf life time of the food products.

    ecoflex® and ecovio® – biodegradable polymers
    Compared to conventional plastics, ecoflex® offers certified compostability on a fossil basis. As an innovative pioneer in the field of biodegradable polymers it is an important raw material for many compostable and biobased plastics.

    ecovio® is a high-quality and versatile bioplastic with the advantage of being certified compostable and containing bio based content. The main areas of use for ecovio® are plastic films such as organic waste bags, dual-use bags or agricultural films. But also compostable packaging solutions such as migration barrier coating on paper, foam packaging and injection molding products can be produced with ecovio®.

    Water-based solutions for the flexible packaging industry
    BASF’s water-based brands Epotal® and Joncryl® are a sustainable alternative to solvent-based products and achieve in most cases a comparable performance as solvent-based inks or adhesives.
    With Epotal® lamination adhesives, BASF offers new options to the flexible packaging industry: The high initial bonding strength of water-based adhesives allows for direct slitting of the laminates. Curing times are almost not required since water-based adhesives are already fully-reacted adhesive systems. They bring increased flexibility to the customer by significantly shortening lead times and making printing and lamination in-line possible. Additionally, water-based adhesives - due to their chemical composition - are inherently safe systems and well suited for food packaging applications. They do not contain any organic solvents nor aromatic isocyanates. The migration potential is virtually eliminated.

    With its Joncryl range, BASF offers high-performance resins that enable flexible packaging printers and converters to switch from solvent-based to water-based technologies. The Joncryl® FLX portfolio can be considered as the reference in resins for water-based film printing inks. With their excellent resistance and lamination bond strength in combination with high resolubility, they are highly suitable for flexible packaging applications. The Joncryl® HSL product line offers options for heat seal lacquers in various applications, providing secure seal and smooth peeling behavior.

    PEF: Synvina aims world-leading position
    Synvina, the joint venture of BASF and Avantium, aims to build-up world-leading positions in furandicarboxylic acid (FDCA) and polyethylenefuranoate (PEF). FDCA is produced from renewable resources and an essential chemical building block for the production of PEF, which enables food packaging, films and plastic bottles. Compared to conventional plastics, PEF is characterized by improved barrier properties for gases like carbon dioxide and oxygen. Due to its higher mechanical strength, thinner PEF packaging can be produced and a lower amount of packaging material is necessary. PEF can be recycled.

    Superior mirror and liquid metal effects from Colors & Effects’ pigments
    BASF’s Color & Effects brand is presenting pigments for sensitive applications for printing and plastic applications and the Metasheen® product line. Metasheen is a vacuum metallized pigment (VMP) that allows formulators to print metallic, mirror-like features instead of using metallized substrates or hot-stamping / cold foiling.
    (BASF SE)
     
    16.02.2017   CEPI Preliminary statistics for 2016 published    ( Company news )

    Company news CEPI has published its preliminary statistics for 2016.

    You can find below a summary of the main findings below:
    • Paper and board production has decreased by 0.1% in 2016 compared to the previous year. Total production in 2016 was around 91 million tonnes.
    • Early estimates indicate that world paper and board production will be up by 0.8% in 2016 to reach 410 million tonnes.
    • The production of packaging grades is estimated to have increased by around 2.3% compared to 2015. Within the packaging grades, case materials - mainly used for transport packaging and corrugated boxes - recorded an increase in production of 2.2%
    • Sanitary and household manufacturers are estimated to have seen an increase in output of about 1.8% compared to 2015 and accounted for 8.1% of total production.
    • Weak printing and publishing activities continue to have an impact on the overall production of graphic grades, which fell by around 3.7%. Output of newsprint - used mainly for daily newspapers - is expected to fall around 6.4%.
    • Preliminary indications are that imports of paper and board into Europe have increased by around 6% compared to 2015.
    • The overall consumption of paper and board in CEPI countries in 2016 increased by 1% compared to 2015
    • It is estimated that the production of pulp (integrated + market) has increased by 0.7% compared to the previous year, with total output of approximately 35.6 million tonnes
    • The use of paper for recycling has fallen by around 0.3% when compared to 2015

    The finalised version of our statistics (Key Statistics 2016) will be available on our site on July of this year.
    (CEPI aisbl)
     
    16.02.2017   Model Group: Leap in growth in established market environment    ( Company news )

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

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

    Outlook: innovative projects planned in Switzerland
    The slight economic revival in Europe, combined with the Group's exciting innovation projects, should help to partially offset the negative impact of the strong Swiss franc. In one month, the first trials will begin in Weinfelden for a new material preparation system, which will be capable of processing good-quality paper fibres that have hitherto mostly been thermally disposed. In the current year, investments of similar amounts to the previous year are being made with the aim of improving logistics and productivity.
    (Model AG)
     
    16.02.2017   Valmet introduces a new online analyzer for wood chip and bark moisture measurement    ( Company news )

    Company news The Valmet Chip 'n' Bark Moisture Analyzer (Valmet CBA) (photo) offers pulp mills a new tool to advance productivity and efficiency. Continuously measuring wood chip moisture provides the means to accurately control cooking liquor to chip mass ratio for improved digester operation. When applied to monitor biomass moisture, better boiler efficiency is enabled by the continuous indication of heating value to optimize fuel feeding control and supplementary fuel use.

    Improved process performance by innovative analyzer
    Valmet CBA replaces time consuming oven dry laboratory measurements by utilizing microwave technology to continuously measure chip, bark, forest residue biomass or recycled wood moisture. A sample flow is taken from the conveyer chute, pushed through the unobstructed measurement chamber and then returned to the chute. Disturbances that affect conveyor mounted instruments have been eliminated with the innovative design and measurement concept.
    "As chip and biomass moisture have such a great effect on productivity and efficiency, the continuous measurement provided by Valmet CBA can be effectively used in real time control and provide a rapid return on investment. Together with Valmet's other successful analyzers and controls, it is another tool for the complete optimization of the pulp mill and power plant", says Antti Kokkonen, Product manager, Automation business line, Valmet.

    Robust, continuous measurement of wood chip or biomass moisture from 0 to 70%
    The robust construction of Valmet CBA, equipped with an integral screw feed sampling unit, is designed for trouble free and straightforward installation. A combination of microwave resonance, Q-value and sample temperature is used to accurately measure moisture content from 0 to 70% and optional heated screw tubes are available where the possibility of ice or frozen material exists. With Industrial Internet functionality, measurement data, alarms and diagnostics are all remotely accessible. Not requiring any special certification or safety procedures, Valmet CBA is applicable to all wood species and forest biomass moisture measurements.
    (Valmet Corporation)
     
    15.02.2017   SteppedHex engraving offers optimised printing performance    ( Company news )

    Company news Picture: Zecher's innovative SteppedHex anilox rollers

    SteppedHex engraving from Zecher GmbH has already attracted a lot of interest from various parts of the printing industry at this year’s Drupa event. Ever since its founding in 1948, Zecher GmbH – a manufacturer of premium quality anilox rollers – has been the driving force behind numerous innovations. The tried-and-tested SteppedHex technology developed by the company in-house is based on an application of the parameters of 60° engraving, while offering an alternative to it and additional benefits. SteppedHex engraving assists the printer's task with improved drainage of the anilox roller cells to deliver optimised printing results. Zecher's cell geometry, which incorporates a special offset pattern, is subject to the corresponding German registered-design and patent protection. This optimised drainage performance achieves higher resolution and homogeneous ink-transfer, as well as making the anilox rollers easier to clean. Our anilox-roller engraving is suitable for all inking systems, while offering advantages that are likely to create cost-savings with respect to conventional engraving techniques. Jörg Rohde, Zecher’s Head of Applications Technology, is pleased at the response from the printing industry: “Sales of our SteppedHex anilox rollers have grown three-fold since the launch at last year’s Drupa show, and our customer feedback is consistently positive. As more and more printers are expressing their interest in the possible range of deployment of SteppedHex technology as an alternative to conventional hexagonal engraving, we expect this innovative technique to become a more firmly established part of the market.”

    Zecher GmbH is an international manufacturer of chrome and ceramic anilox rollers. With continuous further developments and various innovations in the field of printing technology to its name, Zecher currently counts on over 65 years’ experience in the manufacture of anilox rollers. Zecher produces more than 12,000 engraved anilox rollers annually at its main plant in the German town of Paderborn.
    (Zecher GmbH)
     
    15.02.2017   Stora Enso launches Multicopy's new product range    ( Company news )

    Company news To improve the product range and to meet the requirements of today's customers, Stora Enso is introducing a new product, Multicopy Zero. Multicopy Zero is carbon-neutral, which means that Multicopy offsets the emissions generated from distribution.

    ​"This carbon-neutral paper brings a clear and credible testimony to the action that Multicopy has taken to address the issue of climate change. In 2017 we celebrate 40 years on the market by launching a new product range based on direct customer feedback and on the results of an extensive customer survey,” says Jonathan Bakewell, VP Office Paper Segment at Stora Enso Paper division.

    Multicopy is a brand working well at every occasion. It fulfils two specific needs that we are eager to meet: the need for a super-sustainable alternative and for a product capable to reproduce nuances and details with outstanding sharpness.

    The new product range comprises: Multicopy - the sustainable premium paper for all office machines. Multicopy Zero - a carbon-neutral paper for all office machines and Multicopy Presentation - a super smooth premium paper for all office machines. The highly appreciated paper quality, the high sustainability standards and the excellent runnablility will remain the same. All three products in the Multicopy family have environmental certifications and in addition to this, Multicopy Zero comes with the Carbon Neutral certificate.

    “Multicopy's refreshed look supports our aspiration to improve the products and revitalize the brand by giving it a look and an atmosphere meeting the requirements of today's customers,” says Jennie Åkesson, Brand Manager, Stora Enso Paper division.
    (Stora Enso Oyj)
     
    15.02.2017   Heidelberg significantly increases net result after taxes in third quarter    ( Company news )

    Company news -Operating result (EBITDA) improves to €49 million
    -Net result after taxes increases from €7 million to €18 million
    -Sales of €608 million are higher than in Q2 but under last year’s figures due to series production ramp-ups
    -High order backlog of €739 million provides basis for strong final quarter
    -Outlook: Sights still set on the targets for the year
    -“Heidelberg goes digital”

    After the third quarter of the 2016/2017 financial year, Heidelberger Druckmaschinen AG (Heidelberg) is still on course to increase its annual profit as planned. For example, during the third quarter (October 1 to December 31, 2016), the operating result (EBITDA) and the net result after taxes improved further compared to the same quarter of the previous year. After nine months, sales were still below the previous year’s levels, as expected. A large number of orders placed at drupa for innovative presses with longer delivery times that were presented at and ordered during the trade show will be supplied on schedule in the fourth quarter. The series launch of these products at the end of the financial year will also generate higher sales and a better result than in the previous year.

    “The improvements in results in the third quarter show that Heidelberg is on the right course to achieve sustainable profitability,” said Rainer Hundsdörfer (photo), CEO of Heidelberger Druckmaschinen AG. “We anticipate we will further increase our annual profit with a strong final quarter.”
    (Heidelberger Druckmaschinen AG)
     
    15.02.2017   Resolute Reports Preliminary Fourth Quarter and 2016 Results    ( Company news )

    Company news -Q4 GAAP net loss of $45 million or $0.50 per share / 2016 GAAP net loss of $81 million or $0.90 per share
    -Q4 adjusted EBITDA of $67 million / $279 million for the full year
    -Liquidity at $468 million


    Resolute Forest Products Inc.
    (NYSE: RFP) (TSX: RFP) reported a net loss for the quarter ended December 31, 2016, of $45 million, or $0.50 per share, compared to a GAAP net loss of $214 million, or $2.39 per share, in the same period in 2015. Sales were $889 million in the quarter, essentially unchanged from the fourth quarter of 2015. Excluding special items, the company reported a net loss of $3 million, or $0.03 per share, compared to a net loss of $26 million, or $0.29 per share, in the fourth quarter of 2015.

    For the year, the company reported a GAAP net loss of $81 million, or $0.90 per share, compared to a net loss of $257 million, or $2.78 per share, in 2015. Annual sales were $3.5 billion, down $100 million, or 3%, from the previous year. Excluding special items, the company reported net income of $4 million, or $0.04 per share, compared to a net loss of $24 million, or $0.26 per share, in 2015.

    "We maintained our focus on costs and reliability, delivering improved operating performance compared to the third quarter," said Richard Garneau (photo), president and chief executive officer. "Contribution from our paper segments ended the year on a solid note, as cost reductions offset price declines. Our pulp segment showed great resilience despite market pricing pressures, as our continuous digester at Calhoun had higher production and chemical costs were brought under control. In tissue, our efforts at Atlas started to yield results and our Calhoun converting operations are now fully commissioned. We expect the startup of our new tissue machine to begin over the coming weeks. In wood products, we maintained our volume gains from prior quarters and recorded one of our strongest annual performances in recent years."

    Non-GAAP financial measures, such as adjustments for special items and adjusted EBITDA, are explained and reconciled below.

    Operating Income Variance Against Prior Period
    Consolidated
    Following a review of our recycled newsprint assets during the fourth quarter of 2016, we recorded impairment and other associated charges of $27 million. Excluding these items, we generated operating income of $9 million, substantially unchanged from the third quarter. Items negatively impacting our results, such as pricing ($15 million), higher costs for fiber ($10 million) and purchased energy ($5 million), were largely offset by higher overall volume ($9 million), lower chemical costs ($7 million), favorable foreign exchange ($4 million) and reduced selling, general and administrative expenses ($3 million).

    The company reported an operating loss of $26 million for the full-year period, compared to a loss of $219 million for 2015. This is mainly the result of an asset impairment recorded at our Catawba (South Carolina) facility in the fourth quarter of 2015. Also positively impacting the results were foreign exchange ($74 million), reductions in pension and other postretirement benefit ("OPEB") costs ($45 million), lower purchased energy expenses ($31 million), depreciation ($31 million), and fiber costs ($21 million). Conversely, declines in overall pricing ($104 million) and volumes ($7 million), as well as increases in maintenance costs ($20 million) affected our 2016 performance.

    Market Pulp
    Operating income in the market pulp segment was $6 million in the fourth quarter, an increase of $1 million relative to the third quarter. This improvement resulted from a stronger operating performance and a 45,000 metric tons increase in shipments during the quarter. The operating cost per unit (the "delivered cost") fell by $17 per metric ton, to $575 per metric ton, explained mostly by the higher volumes and lower chemical costs, offset by higher pricing for recycled fiber. On the other hand, the overall average transaction price fell by $18 per metric ton, as gains in fluff and recycled bleached kraft were insufficient to offset declines in hardwood and softwood grades. EBITDA was $15 million for the quarter, unchanged from the third quarter. Finished goods inventory was 91,000 metric tons at the end of the quarter, down 9,000 metric tons when compared to the previous quarter.

    For 2016, the segment generated operating income of $43 million, a reduction of $33 million when compared to the previous year. This mostly reflects a significant reduction in pricing, which fell by $44 per metric ton, or 7%. This impact was partially offset by a lower delivered cost, which was mostly explained by a reduction in depreciation and amortization following a review of the estimated economic useful life of our fixed assets conducted at the beginning of 2016.

    Tissue
    The tissue segment generated operating income of $1 million during the quarter, $6 million more than the previous quarter. This result was largely due to a substantial reduction in the delivered cost, which fell by 27% over the quarter, reflecting an adjustment in amortization expense of $2 million and progress in reducing costs. Offsetting those gains were reductions in shipments and a marginal decline in pricing. EBITDA was slightly positive for the quarter, an improvement of $3 million when compared to the third quarter.

    For the year, the segment reported an operating loss of $10 million, and negative EBITDA of $5 million.

    Wood Products
    The wood products segment generated operating income of $17 million in the quarter, compared to $36 million against the previous quarter. While prices slipped by $4 per thousand board feet to $327, the delivered cost increased by $29 per thousand board feet, prompted by seasonally higher fiber usage and higher operating expenses. Shipments were 503 million board feet during the quarter, very close to the third quarter. EBITDA for the segment was $25 million, compared to $43 million in the third quarter. Finished goods inventory increased slightly, by 3 million board feet, or 2%, to 124 million board feet.

    For 2016, the wood products segment reported operating income of $69 million, up significantly from the $2 million reported for the previous year. This performance is explained mainly by the weaker Canadian dollar, which resulted in $32 per thousand board feet drop in our delivered cost. Our profitability was also supported by incremental volumes from Ontario's Atikokan and Ignace sawmills and higher efficiency across our other facilities. Shipments for the year were 1.8 billion board feet, 10% higher than the previous year. Consequently, the segment generated $100 million of EBITDA, a significant increase from $39 million in 2015.

    Newsprint
    The newsprint segment generated operating income of $1 million in the quarter, compared to an operating loss of $8 million in the third quarter. Our overall transaction price slipped by $3 per metric ton to $512 per metric ton during the period, as structural demand declines continued and weakening global currencies made North American producers less competitive. However, shipments rose, mainly in North America, by 23,000 metric tons. Supported by the higher volumes, the delivered cost fell by $19 per metric ton compared to the previous quarter. EBITDA more than doubled when compared to the third quarter, reaching $19 million. Finished goods inventory was unchanged from the prior period at 105,000 metric tons.

    On an annual basis, the newsprint segment reported an operating loss of $15 million, an improvement of $8 million from the previous year. The year-over-year transaction price was lower by $8 per metric ton, as challenging overseas market conditions, weaker global currencies, and lower demand negated pricing gains in domestic markets. Delivered costs, on the other hand, fell by 2%, or $11 per metric ton over the same period, mainly resulting from lower power and steam costs and a favorable foreign exchange impact. Shipments declined by 7%, resulting primarily from the shutdown of a paper machine at our Augusta (Georgia) facility in 2016 and targeted downtime at certain facilities to balance production with customer orders, mostly for export markets. EBITDA reached $59 million for the year.

    Specialty Papers
    The specialty papers segment recorded operating income of $4 million in the fourth quarter, an improvement of $6 million when compared to the previous quarter. As expected, demand continues to decline for most product grades. This, combined with seasonal effects, resulted in a reduction in shipments, which declined by 29,000 short tons, and pricing, which slipped by $7 per short ton. However, the delivered cost went down by $23 per short ton, mainly resulting from lower chemical expenses. Consequently, EBITDA rose by $6 million against the previous quarter, reaching $15 million. Finished goods inventory ended the quarter at 92,000 short tons, an increase of 17,000 short tons.

    On a year-over-year basis, the segment recorded a decline of $4 million in operating income, falling to $25 million for 2016. The change is mostly the result of lower demand, which negatively impacted overall pricing by $28 per short ton, and a 4% reduction in shipments, which ended the year at 1.5 million short tons. The delivered cost improved when compared to 2015, explained mostly by the favorable impact of a weaker Canadian dollar and lower depreciation and amortization resulting from the asset impairment recorded at our Catawba facility in the last quarter of 2015. Annual EBITDA for the segment was $70 million.

    Consolidated Quarterly Operating Income Variance Against Year-Ago Period
    The company recorded an operating loss of $18 million for the fourth quarter, compared to an operating loss of $226 million in the year-ago period. This improvement was largely the result of the impairment of assets at the Catawba facility in the fourth quarter of 2015. In addition, reductions in pension and OPEB costs ($22 million), depreciation and amortization ($12 million), as well as selling, general and administrative expenses ($11 million) were also lower when compared to the same period in 2015.

    The average transaction price for market pulp and specialty papers fell by 5% and 4% respectively, while wood products rose by 10% and newsprint increased by 6%, resulting in an overall favorable variance of $10 million on pricing when compared to last year.

    Shipments rose by 10% in market pulp, mostly through incremental production from the continuous digester at Calhoun (Tennessee). Similarly, wood products shipments rose by 13% to reach 503 million board feet, the result of production improvements in Atikokan, Ignace and a number of our other wood product facilities.

    Conversely, shipments of newsprint and specialty papers both declined by 11%, largely the result of the closure of a newsprint machine at Augusta in May of 2016 and incremental downtime at our Thorold (Ontario) newsprint facility, as well as reduced specialty papers volumes owing to structural declines in demand.

    Inventories have increased in both newsprint and specialty papers, by 15% and 5%, respectively, while falling by 5% in wood products and remaining substantially unchanged in market pulp.

    Corporate and Finance
    During the quarter, the company borrowed an additional $35 million from its available revolving credit facilities to finance the investment in the Calhoun tissue facility. As a result, long-term debt rose to $762 million, representing a net increase of $171 million for 2016. Cash and cash equivalents fell to $35 million, while liquidity remained solid at $468 million.

    The net pension and OPEB liability on our balance sheet rose by $184 million in the quarter, which was mostly explained by a reduction in the applicable discount rate, partially offset by regular contributions.

    Outlook
    Mr. Garneau added: "2016 was a critical year in our business transformation. We deployed significant capital and increased our leverage to accelerate our transformation towards more sustainable and profitable business segments. We are nearing the completion of these capital projects, and we remain confident in our ability to compete in these segments despite unfavorable short-term market dynamics. In market pulp, market conditions appear more favorable over the next two quarters given recent price increase announcements, but we anticipate the latter part of 2017 to be more challenging. In wood products, we anticipate that the North American market will continue its gradual recovery. In the paper segments, we expect that previously announced capacity reductions in the first quarter will support stable market dynamics, particularly in newsprint. From a financial perspective, the changes in of our pension funding obligations announced in December are expected to unlock significant liquidity in the next four years, which should provide additional financial flexibility.

    For 2017, our priorities will be the ramp-up of the tissue operations at Calhoun, the continued deployment of our improvement plan at Atlas, and a sustained focus on operating performance to maximize profitability in demand-challenged paper markets. Finally, as we move through the Canada-U.S. trade dispute for supercalendered paper and lumber, our capital expenditures will be lowered and opportunities to reduce net debt will be identified with the goal of decreasing our leverage."
    (Resolute Forest Products Inc.)
     
    15.02.2017   4Q16 ADJUSTED EBITDA REACHES R$ 653 MILLION AND R$2.3 BILLION IN 2016, ...    ( Company news )

    Company news ...16% YOY GROWTH

    -The company reported an Adjusted EBITDA in 4Q16 of R$653 million and R$2,287 for the full year, an 8% and 16% increase, respectively in relation to the same periods in 2015.
    -Pulp volume produced in the quarter reached 308 thousand
    tonnes, a 5% QoQ increase. For the full year, production totaled 831 thousand tonnes, in line with the PUMA unit’s ramp up schedule and meeting the goal established in 2015.
    -Driven by the start-up in operations at the Puma Unit, total volume sold was 777 thousand tonnes in the 4Q16 and 2,650 thousand tonnes for the full year, increasing by 56% and 45% in relation to 4Q15 and 2015, respectively.
    -Net Sales revenues totaled R$1,964 million in the quarter, a 23% increase in relation to the same period in 2015.
    -Conversion product sales reached 183 thousand tonnes in 4Q16, a 4% increase in relation to 4Q15 and evidence of Klabin’s ability to operate under differing market conditions.

    Sales Volume
    Klabin’s sales volume continued to grow in 4Q16, driven mainly by the continuing ramp up in production at the Puma Unit, initiated in March.
    Excluding wood, volumes sold, reached 777 thousand tonnes, a 56% increase in relation to the 499 thousand tonnes sold in 4Q 15. The Puma Unit contributed 301 thousand tonnes in sales during the quarter, of which 208 thousand tonnes of hardwood and 93 thousand tonnes of softwood and fluff pulp.
    In addition to pulp sales, the company increased the commercialization of conversion products in a still recessive Brazilian economic environment and despite the drop in corrugated box shipments according to data published by ABPO, driven by Klabin’s well consolidated positioning in these markets.
    In the light of a strengthening Real and the increase in recycled paper prices in relation to the end of 2015, Klabin decided to reduce the acquisition of recycled paper in the domestic market, redirecting part of its virgin fiber paper exports to its conversion operations. The
    year-on-year reduction in paper sales and 5% increase in conversion is a reflection of this strategy.
    During the quarter under review, exports reached 54% of the total versus 38% in 4Q15 and 56% in 3Q16, driven mainly by increased pulp sales largely to overseas markets.

    Net Revenues
    Bolstered by pulp revenues of R$471 million from the Puma Unit, 4Q16 net revenues, including wood, reached R$1,964 million, 23% higher than in 4Q15. Important to point out that revenues were negatively impacted by a lower average FX rate during the period in relation to 2015 and affecting revenue flows from products with prices indexed to the USDollar.
    Following the increase in sales of converted products and pulp in Brazil, revenues from the domestic market reached R$1,138 million, a 15% increase in comparison to 4Q15. Export revenues impacted by higher pulp sales reached R$826 million, a 36% increase in relation to the same period last year. Consequently, the share of export revenue in
    relation to total salesrevenuewas 42% in 4Q16 in comparison to 38% in 4Q15.
    (IKPC Indústrias Klabin de Papel e Celulose S.A.)
     
    15.02.2017   Strengthening Sappi Europe's Competitive Advantage    ( Company news )

    Company news Range of projects launched for period 2017 to 2019 including:
    - Expanded lightweight packaging and speciality paper capacity at Alfeld Mill (photo)
    - Conversion of Maastricht Mill to produce high quality solid bleached board
    - Transition Lanaken Mill PM8 over three years to support coated woodfree business

    Sappi Limited announced a range of projects in Europe and the United States to support its growth strategy and 2020Vision and in particular to be the lowest cost producer and best service provider in graphic papers and to increase its global product offering to packaging and speciality papers customers.

    A number of projects related to equipment upgrades and production efficiencies at its Alfeld, and Ehingen Mills in Germany, its Lanaken Mill in Belgium and its Maastricht Mill in The Netherlands will be undertaken over the next three years.

    Sappi Europe will take a further decisive step in growing its packaging and speciality papers business by converting its Maastricht Mill to a high quality solid bleached board facility and by expanding the lightweight packaging and speciality papers capacity of its Alfeld Mill by 10,000 tpa. It is expected that the SBB business at Maastricht Mill will grow to 150,000 tpa in the next three years. The displaced graphic paper volumes will be assigned to other mills.

    The rapid growth of Sappi Europe’s packaging and speciality papers capacity will also be supported by Sappi Ehingen Mill, whilst Sappi Lanaken Mill PM8 will progressively transition to coated woodfree production over the next three years in line with the expected decline in the coated mechanical market.

    Berry Wiersum, CEO Sappi Europe, said: “We are delighted to have received strong support from Sappi’s Board. These projects will enable us to make better use of our assets to drive growth in speciality papers, as well as to reduce by 2020 our coated graphic papers capacity by about 200,000 tons”.

    Commented Steve Binnie, CEO of Sappi Limited: “Our focus has always been to build and strengthen competitive advantage. Taken as a whole, these investments take advantage of our manufacturing base and the skills and knowledge of our people to enhance the potential of the mills, setting us on a strong course for the future”.
    (Sappi Limited)
     
    15.02.2017   Valmet receives an order for an online condition monitoring system from Anhui Shanying Paper ...    ( Company news )

    Company news ... in China

    Valmet has received an order for an online condition monitoring system from Anhui Shanyin Paper Industry Co., Ltd. in Ma'anshan, Anhui province, China. The new system will be installed on the mill's paper machines 1, 2, 3, 5 and 6 to secure high process availability, efficient maintenance and safety.

    Photo: Valmet DNA Machine Monitoring system

    The order was included in Valmet's fourth quarter 2016 orders received. The value of the order is not disclosed. Typically, the order value of these kinds of automation system deliveries is below EUR one million. The system will be delivered in March 2017.

    "This investment is in line with our plan for Paper Industry 4.0 to improve the paper machines' automation level and running efficiency. We will proceed toward smart manufacturing step by step. First, we will utilize advanced technology and solutions to get data from our processes and machines. Then, we will benefit from advanced analytics and performance optimization. We believe that through cooperation with Valmet, we will be able to take the automation level of our production lines to the next level," says Liu Wenming, Vice President of Anhui Shanyin.

    "The Valmet DNA Machine Monitoring system will increase the reliability of the mill's production equipment by automatically detecting mechanical faults and giving early warnings to operators and maintenance personnel. Additionally, the mill will be able to optimize its maintenance process and reduce costs as corrective actions can be planned well ahead based on accurate machine condition information," notes Harri Mustonen, Director, Automation Systems Product Group, Valmet.

    Technical information about Valmet DNA Machine Monitoring
    Valmet DNA Machine Monitoring offers condition information for process operators and maintenance personnel through one common user interface. The displays can be viewed both in the control room and the maintenance office. Operators are immediately alerted if there is a risk of severe machine failure. Tools for more detailed signal analysis are available for maintenance personnel.

    Process control and condition monitoring are fully integrated in the Valmet DNA automation system. Process data and machinery condition information can be easily combined for efficient analysis and problem solving. Collecting pieces of information from several sources or building data links between separate systems is no longer needed.

    Valmet DNA Machine Monitoring is a central element of the reliability solutions in Valmet's Industrial Internet portfolio. It offers modern tools for onsite predictive maintenance as well as an efficient platform for remote condition monitoring services by Valmet experts.
    (Valmet Corporation)
     
    14.02.2017   Greycon Release Greycon Suite 9.0 – Future-proofing X-Trim for the next 15 years    ( Company news )

    Company news Greycon are pleased to announce the release of Greycon Suite 9.0. This release marks the third iteration of X-Trim front-technology in 30 years (first Fortran in 1985, then VB6 in 1995, now .NET’s C#) and now completes the migration of all Greycon products to .NET.

    In addition to the front-end migration X-Trim now is also 15% faster on difficult-to-solve problems, thanks to advances in the underlying Gurobi mathematical programming libraries. Further improvements to the pattern reduction algorithms show an increase of the reductions from 23.6% (version 8.9 as compared to 8.3) to 24.0% (version 9.0).

    The opt-Studio product also contains significant changes in 9.0, including the valuable aspect most requested by clients: comparing the schedule against a baseline scenario, typically set a week earlier. This will show, at a glance, any changes to customer service.

    Greycon’s CEO Constantine Goulimis says: “The X-Trim front-end migration was a long and important project. We wanted to avoid losing any functionality or introduce new bugs, so, we adopted a semi-automated translation approach. This allowed us to protect the functionality, as well as track the evolving code base, which went through 7 releases over that period. The changes will cement X-Trim’s position as the leader in the manufacturing industry for next 15 years.”
    (Greycon Ltd)
     
    14.02.2017   Packaging Corporation of America Reports Fourth Quarter and Full Year 2016 Results    ( Company news )

    Company news Packaging Corporation of America (NYSE: PKG) reported fourth quarter 2016 net income of $111 million, or $1.17 per share and $1.23 per share excluding special items. Fourth quarter net sales were $1.5 billion in 2016 and $1.4 billion in 2015. Full year 2016 earnings were $450 million, or $4.75 per share and $4.88 per share excluding special items. Full year 2016 net sales were $5.78 billion compared to 2015 net sales of $5.74 billion.

    Reported earnings include the impact of $.06 per share of special items expense in the fourth quarter of 2016 and $.01 per share of special items expense in 2015. Excluding special items, the $.15 per share increase in fourth quarter 2016 earnings compared to the fourth quarter of 2015 was driven primarily by higher containerboard and corrugated products volume ($.16), higher white paper prices and mix ($.03), lower fiber costs ($.06), and lower annual outage costs ($.09). These items were partially offset by lower containerboard and corrugated products prices and mix ($.04), lower paper volume ($.04), higher costs for labor ($.02) and repairs ($.02), higher expenses for depreciation ($.02) and interest ($.01), and a higher tax rate ($.04).

    In the Packaging segment, total corrugated products shipments were up 9.7%, or 11.5% per workday, over last year’s fourth quarter. Packaging segment price and mix was lower compared to the fourth quarter of 2015 and up compared to the third quarter of 2016. Containerboard production was 962,000 tons, and containerboard inventory was flat compared to year-end 2015 levels.

    Paper segment price and mix was higher than the fourth quarter of 2015 and flat compared to the third quarter of 2016. Paper volume was lower compared to the fourth quarter of 2015, primarily due to the previously announced fourth quarter shutdown of market pulp operations at our Wallula Mill, and down versus the seasonally stronger third quarter of 2016.

    Commenting on reported results, Mark W. Kowlzan (photo), Chairman and CEO, said, “We had an excellent quarter as we quickly integrated our containerboard volume into the TimBar and Columbus Container acquisitions. Our containerboard mill and corrugated products plant volumes were new all-time records while inventories, including our new acquisitions, were flat with year-end 2015 levels. Packaging segment prices, which had been declining throughout the year, moved higher as we began implementing the announced price increases to our containerboard and corrugated products customers throughout the fourth quarter. Our Paper segment also performed exceptionally well, maintaining good cost control during the seasonally slower fourth quarter.”

    “Looking ahead to the first quarter,” Mr. Kowlzan added, “we expect to realize the vast majority of our previously announced packaging segment price increases and we expect higher corrugated products shipments. We will have lower containerboard and paper production volume as we have scheduled maintenance outages on one of our machines at both the Counce and DeRidder packaging mills and on one of our machines at our Jackson, Alabama paper mill. We expect higher freight costs as well as higher labor and benefits costs with annual wage increases and other timing-related expenses. We also anticipate continued price inflation on recycled fiber, energy and certain chemicals, and seasonally colder weather will increase wood and energy costs. Considering these items, we expect first quarter earnings of $1.26 per share.”
    (PCA Packaging Corporation of America)
     
    14.02.2017   Taison Group reconfirms A.Celli technology    ( Company news )

    Company news By early 2017, Shanghai Taison Pulp-Making (Group) CO., LTD. (Taison Group) and A.Celli Paper will be in cooperation once again. Taison Group ordered 4 of Tissue Rewinders from A.Celli to be installed in its Jiangxi mill site.

    These new Tissue Rewinders have a 5600-mm format and aworking speed of 1000 mpm; they are equipped with 4 unwind stands, calendar, slitter system, winding system, dust removal system, etc. Just a year after the order of 3 Tissue Rewinders of the same model by Taison Group, this new repeat order is a further confirmation that A.Celli Paper is a reliable, expert and professional partner.

    So far, A.Celli Paper has supplied 1 Tissue Machine Line and 14 Rewinders to Taison Group. The Tissue Machine Line, with its 2850-mm format and a design speed of up to 2000 mpm, is located in the Chongqing Tongnan mill and is running smoothly; 5 Paper Rewinders are located in the Zhejiang Haiyan mill; two 5800-mm Paper Rewinders are located in the Anhui Maanshan mill; three 5600-mm Tissue Rewinders will soon be installed in its Guizhou Chishui mill, and these 4 newly ordered ones will be installed in its Jiangxi Jiujiang mill in 2017.
    (A. Celli Paper S.p.A.)
     
    14.02.2017   Burgo announces the reconversion plan of Line 2 of the Avezzano paper mill    ( Company news )

    Company news Burgo Group S.p.A., one of the main European producers of graphical and special papers, announces the start of the reconversion plan of Line 2 of the Avezzano (AQ) paper mill, from graphical paper to container board, with a view to making the mill a true national centre of excellence for cardboard production.

    The operation is part of the Group's diversification strategy which foresees entry into the cardboard market, ranging from publishing and towards packaging, from printing paper to paper for corrugators.

    In particular, the operation foresees a revamping of the paper machine (PM2), changing the machine head and a new pulp preparation, as well as works on the building where the machine is located.

    At the end of the conversion plan, planned for the end of 2017, the Avezzano paper mill will be about to count a regular production capacity of 200,000 tonnes and make medium corrugating and double-layer testliner destined for the production of corrugated board.
    (Burgo Group spa)
     
    14.02.2017   Hunkeler AG: Partnership with Neopost Norge    ( Company news )

    Company news In early January Hunkeler and NEOPOST NORGE AS entered into a new partnership for the Norwegian market. Neopost Norge is headquartered in the economic metropolis of Oslo.

    Featured in the photo (left to right): Reto Zaugg, Area Sales Manager Hunkeler, Erlend Vaerdal, Business Manager Neopost, David Wikman, Service Manager Neopost, Leif Damgaard, Business Segment Director, Michel Hunkeler, CEO Hunkeler, Daniel Erni, Sales Director Hunkeler

    The new collaboration finds Hunkeler pursuing a more intense customer care policy in terms of advice, sales and service. Neopost already represents Hunkeler's entire Digital Print Finishing product portfolio in the Swedish and Danish markets. Neopost has been a fixture in the print processing sector for years. The partnership with Neopost brings an enhanced focus to bear on the Scandinavian market.
    (Hunkeler AG)
     
    14.02.2017   LIGNA 2017: Innovations showcase ready to roll    ( LIGNA 2017 )

    LIGNA 2017 LIGNA, the focal point and meeting hub for the international wood industry, is just around the corner. The 2017 edition runs from 22 to 26 May at in Hannover, Germany, and will feature more than 1,500 exhibitors from 45 nations and attract trade visitors from about 90 nations.

    - More international participation, more exhibitors, more booked space
    - New layout successfully implemented

    LIGNA, the focal point and meeting hub for the international wood industry, is just around the corner. The 2017 edition runs from 22 to 26 May at in Hannover, Germany, and will feature more than 1,500 exhibitors from 45 nations and attract trade visitors from about 90 nations. The show will occupy 10 exhibition halls plus the venue’s extensive open-air site. All the global market leaders will be there with impressive showcases to highlight their latest products and process innovations. They will be joined by a sizable number of other exhibitors, some of whom will be appearing at LIGNA for the first time. With pleasing growth in terms of its exhibitor lineup and a significant upswing in the amount of space booked by various exhibitors, the upcoming LIGNA is set to once again serve as the global wood industry’s top summit and source of innovative technology.

    The show’s organizers, Deutsche Messe and the German Woodworking Machinery Manufacturers’ Association, have successfully implemented a new thematic layout in time for the 2017 season. "The new approach and, more importantly, the new physical layout have been extremely well received. The business climate in the wood industry is positive, offering a wealth of market opportunities. LIGNA captures those opportunities perfectly," remarked Dr. Andreas Gruchow, the Deutsche Messe Managing Board member responsible for LIGNA, at the LIGNA Preview in Hannover, adding that: "This year, the exhibitors are presenting a wide array of innovations for intelligent, networked manufacturing systems, not to mention new ideas and strategies for the many value-creation networks at play in the wood processing and woodworking industries."

    This year’s action-packed, five-day showcase covers all the technologies that wood industry companies need to succeed in tomorrow’s Industry 4.0 world. The range includes tools and machinery for custom and mass production, surface technology innovations, wood-based panel production solutions, sawmill technology, wood-energy technology, machine components, and automation and forestry technology. "LIGNA 2017 is where key solutions and applications will be showcased. It’s where business relationships and networks will be built that will benefit the entire wood industry for years to come," commented Gruchow.

    The central focus of LIGNA 2017 is on intelligent concepts for integrated manufacturing across multiple links in the wood processing chain. The solutions on display promise growth and efficiency. They give wood industry companies a route to business development that does not depend on being big. And they provide a rapid roadmap to the capabilities needed to meet growing market demand for custom production.

    LIGNA also scores highly in terms of international participation, with Italy, Austria, Spain, Turkey, Denmark, China, Sweden, Switzerland and the Netherlands following Germany as the show’s top 10 exhibiting nations. In fact, several exhibitors from Italy, Austria and Spain have opted to increase the size of their displays for the upcoming show. All up, LIGNA 2017 will occupy more than 122,000 square meters (1,313,000 sq. ft.) of net display area and feature all the latest wood industry process and product innovations.

    The revamped layout includes a new "Tools and Machinery for Custom and Mass Production" display in halls 11 to 15 and 27. The display encompasses machinery for processing solid wood, plant and machinery for industrial-scale furniture production, and machines and hand-tools for crafting custom products from both solid wood and panel products. It will present a comprehensive range of solutions for companies of all sizes at one convenient location and in a way that is supremely quick and easy for visitors to navigate. "The new layout of themes reflects the fact that, in modern woodworking, the type of technology used is more about what’s needed to get the job done than about the size or scale of the user’s operation. In other words, new technologies and their applications are converging. LIGNA brings these innovations to life, making it easier for visitors to experience all the most relevant innovations for their particular needs," explained Gruchow.

    Under the new layout, the "Surface Technology" area remains in Hall 17, but now stars as a full-fledged display category in keeping with its growing importance within the LIGNA universe. "The Surface Technology area has won a large number of major international players as new exhibitors, and many of those already on board have opted for significantly larger displays," said Gruchow.

    The "Machine Components and Automation Technology" showcase in Hall 16 has also become a full-fledged display, thus reflecting the rapidly rising importance of integrated manufacturing and automation. These technologies promise greater efficiency, improved accuracy and shorter production cycles for a wide range of applications. This is the world of Industry 4.0, where machines are increasingly being networked with one another and robots have also entered the scene. Automation translates into significant efficiency gains – for small-scale joinery and carpentry firms as well as for large industrial processors and manufacturers. Industry 4.0 is on a growth trajectory and offers major opportunities for niche providers of the many products that go together to create fully integrated, automated production processes. Demand for integrated, networked solutions is growing worldwide, and the uptake of robot technology is forecast to increase sharply, especially in the CNC machining segment.

    The "Wood-Based Panel Production" and "Energy from Wood" displays in Hall 26 and the "Sawmill Technology" displays in Hall 25 are fully booked, thanks to strong support from global market leaders and a host of other exhibitors back for another season or joining the show for the first time.

    Meanwhile, the "Forestry Technology" displays will feature on the open-air site and in the pavilions beneath the EXPO canopy with a fresh new look. These outdoor displays will boast a new layout that more accurately reflects the various links in the wood value chain. With an outdoor demonstration site, "avenues" addressing specific themes, an activity zone and the Wood Industry Summit, the enhanced LIGNA is putting forestry technology on center stage.

    The other big highlights at LIGNA 2017 include an array of displays themed around "Integrated Manufacturing," a "Processing of Plastics and Composites" showcase that profiles the non-wood uses of today’s woodworking machines, a series of training courses for joiners, cabinetmakers, carpenters, assemblers and installers, and, of course, the Wood Industry Summit. The many highlights of the Wood Industry Summit include innovative solutions for timber harvesting and primary processing, advanced technologies for integrating all the processing steps involved, and a strong showing by international delegations.

    Gruchow concluded the Preview by saying: "LIGNA encourages a progressive approach to the possibilities of new networks. New technological opportunities lead to great gains in efficiency."
    (Deutsche Messe AG)
     
    13.02.2017   New sales concept achieves great success - Zecher chalks up 12% rise in sales    ( Company news )

    Company news The 2016 fiscal year has been a highly successful period for German anilox roller manufacturer Zecher GmbH, with sales of €22 million representing a rise of 12% with respect to the previous year’s figure. This has included growth in all segments of the market. “Thanks to our new sales concept, we have been able to react faster and more flexibly to the needs of our customers with more-intensive local, on-site support. Our customers really appreciate these advantages over other manufacturers of anilox rollers, and are increasingly opting for our solutions in this respect”, says Thomas Reinking, Zecher’s Sales Director, by way of explaining this positive development. Zecher’s core business in Germany is now being complemented by a growth in international turnover, thanks to sales via partner companies based abroad. An expanding sales network is allowing Zecher to open up new regional markets and create further growth for the company. No fewer than 60 different countries are currently being served by the company’s international partners.

    Zecher GmbH is an international manufacturer of chrome and ceramic anilox rollers. With continuous further developments and various innovations in the field of printing technology to its name, Zecher currently counts on over 65 years’ experience in the manufacture of anilox rollers. Zecher produces more than 12,000 engraved anilox rollers annually at its main plant in the German town of Paderborn.
    (Zecher GmbH)
     
    13.02.2017   Sappi Limited Announces $165 million Paper Machine Rebuild at its Somerset Mill in ...    ( Company news )

    Company news ...Skowhegan, Maine

    Sappi Somerset Mill investment:
    -Significant investment in the State of Maine
    -Ensures further enhancement of offering to graphic paper customers
    -180,000 metric ton capacity increase
    -Sappi shows clear commitment to consumer packaging market

    Sappi Limited, a leading global producer and supplier of diversified woodfibre products, announced the approval of a range of projects in Europe and the United States including the approval of a US$165 million capital project to expand Sappi North America’s manufacturing capabilities and flexibility to include a variety of consumer packaging products. This investment on Paper Machine No. 1 at its Somerset Mill in Skowhegan, Maine establishes a strong platform for growth in paper-based packaging while maintaining Sappi’s leadership position in the graphic paper market, increasing annual production capacity at this mill to almost one million tons per annum.

    “This move complements our long term 2020Vision strategy, which seeks opportunities to substantially increase our group EBITDA,” said Steve Binnie, CEO of Sappi Limited. “By investing in our business to pursue growing areas of demand, we can remain profitable and competitive in the global marketplace.”

    “Somerset’s existing world class infrastructure together with its talented workforce and access to high quality fiber makes the mill an excellent and obvious choice for this investment,” said Mark Gardner, President and CEO of Sappi North America. “Increasing our flexibility and expanding the paper mill’s capability and capacity will ensure that we continue to make superior products at Somerset for years to come.”

    The planned project at the Somerset Mill in Maine is slated to come online early in 2018.
    (Sappi Limited)
     
    13.02.2017   Norske Skog: Best annual gross operating earnings since 2012    ( Company news )

    Company news Norske Skog's gross operating earnings (GOE) was NOK 1 049 million in 2016. A high capacity utilisation and good operating performance throughout 2016 resulted in the best annual gross operating earnings since 2012. Net profit in 2016 was NOK 306 million, despite NOK 1.4 billion in impairment.

    Gross operating earnings (EBITDA) in the fourth quarter 2016 was NOK 221 million, which was a decrease from NOK 251 million in the third quarter, mainly due to somewhat higher spot electricity prices in Norway, recovered paper cost and a weakened pound, partly by seasonally higher sales volumes and better average sales price for magazine paper at Boyer. Net loss in the fourth quarter was NOK 124 million compared with a profit of NOK 190 million in the third quarter 2015.

    - Despite major focus on the refinancing of the group last year, our business units delivered strong operating results last year. In 2017, we will continue to make our units more competitive and robust through cost reductions and realizing new growth initiatives. The improved market balance should allow for increased sales prices going forward, especially after significant capacity closures in Europe and North America combined with a flattening of the demand curve, says Sven Ombudstvedt (photo), CEO of Norske Skog.

    Cash flow from operating activities before net financial items improved from NOK 115 million in Q3 2016 to NOK 232 million in Q4 2016. The cash balance at the end of the quarter was NOK 532 million. Net interest bearing debt increased by NOK 0.1 billion from the end of the third quarter, from NOK 6.2 billion to NOK 6.3 billion, as a result of a weaker Norwegian krone against the euro and the US dollar. The equity was NOK 184 million at the end of the fourth quarter compared to NOK 269 million at the end of the third quarter.

    Key figures, fourth quarter of 2016 (NOK million) Q4 2016 Q3 2016 Q4 2015 2016 2015 Operating revenue 3 061 2 918 3 087 11 849 11 538 Gross operating earnings (EBITDA) 221 251 260 1 049 753 Gross operating margin (%) 7.2 8.6 8.4 8.9 6.5 Gross operating earnings after depreciation 71 95 66 367 -14 Restructuring expenses -20 -1 -32 -67 -53 Impairment - - - -1 238 - Other gains and losses -125 20 79 -127 -97 Operating earnings -73 114 114 -1 065 -164 Share of profit in associated companies -6 -3 -18 -211 -41 Financial items -364 84 -376 1 044 -801 Income taxes 318 -5 -549 538 -520 Profit/loss for the period -124 190 -828 306 -1 526 Cash flow from operations before net financial items 232 115 363 953 66 Net interest bearing debt 6 302 6 172 8 523 6 302 8 523

    Market outlook The market balance for publication paper in Europe is expected to improve with announced capacity conversions and closures in the industry. This has resulted in a favourable pricing environment for newsprint with operating rates to remain well above 90% throughout 2017. Cost inflation from recovered paper and Norwegian energy prices, together with Brexit headwinds, will however dampen the positive price effect. The Asian export market for newsprint, constituting around a quarter of the Australasian business for the group, is encouraging with improved prices. Domestically in Australia and New Zealand the group has margin protection through long-term customer contracts, but the business is exposed to a secular decline in demand. Group sales volumes will be on level with last year in 2017. Fixed cost initiatives will target a group run rate of NOK 600 million per quarter by year-end. New businesses beyond publication paper will start to contribute meaningfully to gross operating earnings (GOE) this year, with the biogas facility at Saugbrugs in Norway coming on stream in the first quarter and the completion of the biogas facility at Golbey in France by year-end. The group is targeting 25% of GOE to be generated from new businesses by 2020, with additional initiatives beyond biogas including tissue paper and wood pellets. The diversification strategy needs funding to be achieved. Norske Skog is unable to participate in the consolidation of publication paper in Europe with its current leverage.

    Markets and segments Total annual production capacity for the group is 2.7 million. 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 fourth quarter was 92% compared with 93% in the third quarter.

    Europe Operating revenue increased from the previous quarter with seasonally higher sales volumes. European publication paper prices remained stable outside the UK, where import inflation drove UK newsprint prices higher.

    Variable costs increased per tonne due to higher spot electricity prices and recovered paper costs. Fixed costs were somewhat lower from the third quarter. Gross operating earnings decreased due to cost inflation and lower UK margins with a weaker pound.

    Demand for newsprint decreased by 3% through November compared to the same period in 2015. Demand for SC magazine paper increased with 3%, while LWC dropped 7%. Capacity utilisation remained high at 91% in the period (92% in Q3 2016).

    Australasia Operating revenue increased from the previous quarter despite lower sales volumes with higher average sales price for magazine paper at Boyer and CO2 compensation at Tasman. Publication paper prices in Australasia remained stable as long term contracts are an important constituent of the business.

    Costs remained stable in the quarter. Gross operating earnings improved somewhat quarter-over-quarter with higher magazine sales price.

    Demand for newsprint in Australasia decreased by 10% through November compared to the same period the year before. Demand for magazine paper was relatively stable. Capacity utilisation was close to full at 94% in the period (97% in Q3 2016).

    Update on new growth opportunities Norske Skog is aiming to generate 20% of group GOE from new businesses by 2020, but is in need of financing to achieve that target. The shift will predominantly involve identified investments in new green industries.

    Initiatives at Saugbrugs The NOK 150 million biogas project at Saugbrugs will ramp-up production in the first quarter of 2017. The biogas facility will be at full run-rate contribution to gross operating earnings from second quarter of 2017. Saugbrugs has, in addition, initiated growth projects related to the development of microfibrillated cellulose (MFC), fibreboard and biocarbon for the steel industry.

    Initiatives at Golbey The Golbey biogas plant is under construction, and is expected to be completed during 2017. The project will be financed locally. The plant will be connected to the biological-chemical treatment plant and be dimensioned to absorb all organic waste from the paper production. At the same time, Golbey is implementing new projects, which will combine synergies from the existing mill and a nearby industrial cluster.

    Initiatives at Skogn A biogas plant is under construction next to the Skogn mill in Norway. Norske Skog Skogn will be the supplier of biomass to this new biogas facility adjacent to the paper site.

    Tissue project at Bruck At the Bruck mill in Austria, Norske Skog intends to close its oldest and least efficient paper machine (125 000 tonnes) towards the end of this year. The old newsprint machine from 1953 may, pending financing, be replaced by a new tissue machine. The 265 000 tonnes LWC machine will continue production.

    Biochemicals at Boyer in Australia The Tasmania based newsprint and magazine facility Boyer will in the first quarter of 2017 start small- scale test production of new bio-based chemicals, applicable for the pharmaceutical industry.

    Wood pellets in New Zealand Nature's Flames pellets production has reached an annual capacity of 40 000 tonnes. Norske Skog considers to expand the production of pellets, given the considerable competitive export advantage and the abundance of fibre available in New Zealand. Wood pellets are a renewable alternative to fossil fuels in the large economies of South-East Asia.

    Discussion with investors As mentioned in the press release on February 1, Norske Skog has discussed with a selected group of debt and equity investors a comprehensive debt conversion transaction that, if realized, would have equitized all unsecured debt ; in addition, enlarged and extended the senior secured note (SSN). Significant efforts were made to construct a balanced proposal acceptable for all investors. Specific investor demands were however beyond the realms of the possible, and discussions were ended.

    - Despite a comprehensive refinancing of the group last year, Norske Skog will still continue to consider alternatives to strengthen the financial position by simplifying the debt structure, reducing the debt and interest costs, says Sven Ombudstvedt, CEO of Norske Skog.
    (Norske Skogindustrier ASA)
     
    13.02.2017   Xerium Technologies Granted Patent for EnerVent Roll Cover Venting Technology    ( Company news )

    Company news Customers Saving Hundreds of Thousands of Dollars Annually in Reduced Energy Consumption and Improved Machine Output

    Xerium Technologies, Inc. (NYSE:XRM), a leading producer of fabrics and roll covers used in the production of paper and packaging, nonwovens, and other industrial manufacturing processes, announced today that the US Patent and Trademark Office (USPTO) has granted patent number 9,488,217 for its EnerVent roll cover venting technology.

    First introduced in 2014, EnerVent’s unique technology is proven to reduce energy consumption, improve drying rates and increase production output for machines producing tissue, paperboard and packaging, and graphical papers.

    “Conventional roll cover venting products feature narrow grooves that are inherently ineffective and become even more ineffective with age, with softer cover materials, or under higher loads,” said Bill Butterfield, EVP and CTO of Xerium. “This inherent narrowing causes the bottom portion of the void volume to be unavailable thereby preventing the grooves to remove water effectively. This tendency increases in softer roll covers, and cover swelling can accelerate the effect leading to significant efficiency loss in water removal.”

    Now patented, EnerVent is engineered with wider grooves and shallower depths creating greater groove wall stability and void volume longevity. EnerVent covers remain effective under load, with softer covers, and throughout the cover life, creating optimal running conditions. Additionally, this technology is available in rubber and polyurethane covers, supplied only by Xerium.

    “Obtaining this latest patent represents our ongoing strategic focus of being the technology leader in our markets and creating documented value for our customers. EnerVent technology is creating benefits approaching, or in excess of, $1 million dollars in energy savings and production gains for several customers,” adds Butterfield.
    (Xerium Technologies Inc.)
     
    13.02.2017   New Ricoh Pro™ C5200s Supports Flexible Production    ( Company news )

    Company news Ricoh has launched the Ricoh Pro C5200s series of digital colour cut sheet presses enabling print service providers to broaden their services thanks to its flexible production capabilities.

    The Ricoh Pro C5200s (photo) and Ricoh Pro C5210s support print-for-pay businesses, commercial printers, in-house print centres and corporate reprographics and marketing environments in their quest to deliver highly responsive creative print.

    The new series runs at print speeds of 65 and 80 pages per minute at 1,200 x 4,800 dpi across a wide range of media up to 360 gsm. The embedded paper library has an intuitive User Interface to support operators. Image quality is comparable to the output from Ricoh’s higher classes of digital colour cut sheet presses. Tight registration, edge-to-edge printing and long sheet printing up to 1260 mm will also help meet market demands.

    Booklet production is a key application for many PSP so the Pro C5200s has optional Cover Interposer and Booklet Finisher with saddle stitching and folding capabilities.

    “With the Ricoh Pro C5200s series we can help production printing operations expand their capabilities,” says Benoit Chatelard, Vice President, Production Printing, Ricoh Europe. “Extensive media choice and a range of finishing options previously available only with Ricoh’s higher specified presses enable them to offer fast turnaround short run creative services including envelopes and longer sheets for trifold and quadfold options.

    “When clients ask for a service we want PSPs to be able to say yes, confident in our highly-developed production portfolio.”

    The Ricoh Pro C5200s series has a paper capacity of up to 8,250 sheets, supporting long periods of production, even when switching media. For a high performance production printer, the series requires relatively littlespace for an easy fit in different environments.

    The Ricoh Pro C5200s series is commercially available now and had its first European showing at Sign and Print Scandinavia, Stockholm.
    (Ricoh Europe PLC)
     
    13.02.2017   Roll warehouse with large conveyor and wrapping system to Stora Enso    ( Company news )

    Company news Stora Enso invests 70 MEUR in new polyethylene (PE) extrusion coating plant and an automated roll warehouse (ARW) at its Imatra mills in Finland. The Imatra complex, which comprises the Kaukopää and Tainionkoski mills, has a capacity of more than one million tons/yr of carton board and specialty packaging paper. With this investment Stora Enso aims to increase and meet increasing customer demand for food service board and liquid packaging board.

    The full roll handling scope for this investment with the new automated warehouse was ordered from Pesmel, and it’s commissioning is expected to be completed early Q4/2017. The roll handling system is one of the biggest deliveries in Pesmel’s history requiring 80 man years work. ”The system is good example of our Material Flow How -concept, where the high bay warehouse synchronizes the production processes flexibly and efficiently. With packing and loading included, all the components of our concept will be delivered.” tells the vice president of paper division Mr. Kaj Fahllund from Pesmel.

    TransRoll concept selected
    The heart of this new system layout is Pesmel’s TransRoll ARW concept, which is connected with 7 in-out connections at different floor levels between the mill production and converting lines. It has ~30,000 tons buffering capacity for intermediate rolls to be used at mill converting, and also for finished rolls to be shipped out to end customers.

    This concepts storing volume can be expanded in the future, as well as the number of its connections. The whole footprint of this warehouse is only ~4500 m2 with high ~8 t/m2 effective storing density. And as true heart of mills material flow, it has whopping 900 t/h fully automated in-out handling and sorting capacity with two stacker cranes.

    TransRoll ARW is equipped with full Pesmel WMS warehouse management system, which is connected to MIS (mill information system) to track the roll flow and to keep the real-time storage inventory for the converting and shipping operations.

    Fully automated OptiWrap Multi Kraft wrapper
    Pesmel’s roll handling scope includes along large connecting conveyor system also new high capacity kraft wrapping line, with robotized core plugging and head insertion. The handling capacity is set to 120 r/h, but this can be increased in the future 20 - 40%.

    Automated truck loading eliminates the roll damages
    With automated truck loading the unpacked rolls are transported from TransRoll warehouse to a coating mill situated one kilometer away. The rolls are loaded and unloaded fully automatically in horizontal position, which eliminates the possible roll end damages totally. Transferring the rolls unpacked generates remarkable savings to packing costs.

    FlowCare to ensure efficiency and reliability
    This delivery includes custom tailored Pesmel FlowCare portal. This digital IoT (Internet of things) interface collects, saves and analyzes information from the delivered system, and helps to foresee service needs and to eliminate mill’s bottlenecks with material flow. FlowCare portal gives access to e-shop, spare part, maintenance and document services, ticketing system and to 24/7 customer support.
    (Pesmel Oy)
     
    13.02.2017   ANDRITZ to upgrade board machine for Consorzio Cartiere in Tivoli, Italy    ( Company news )

    Company news International technology Group ANDRITZ was awarded an order from Consorzio Cartiere in Tivoli, Italy, to upgrade the board machine and related stock preparation line at the mill in Tivoli. After start-up, which is scheduled for the beginning of 2018, the capacity of the board machine will be increased from 78,000 to over 100,000 t/a.

    The paper machine has a design speed of 1,000 m/min and produces fluting, testliner, corrugated medium and imitation-kraft papers with a basis weight range of 90-170 gsm. The raw material is 100% waste paper.

    ANDRITZ’s scope of supply comprises:
    -Upgrade of the stock preparation line and approach flow system
    -Upgrade of the board machine including a PrimeFlow SW headbox with dilution control for the bottom layer, rebuild of the top and fourdrinier wires and press sections with a PrimePress X shoe press
    -Rebuild of the pre-dryer and after-dryer sections to adjust drying capacity to the new production targets
    -New ropeless tail threading system
    -New broke pulpers
    -Engineering, supervision, commissioning, start-up, training, spare part packages

    The ANDRITZ design provides innovative, high dewatering performance for the production of corrugated base paper grades. With the upgrade, Consorzio Cartiere in Tivoli aims at a significant improvement of the paper quality, enhanced runnability and increased production.

    With this order, ANDRITZ PULP & PAPER is confirming its position as leading supplier for major rebuilds of paper and board production lines.
    (Andritz AG)
     
    10.02.2017   Resounding technical and sales success for the REVO Master Class Open House held at ...    ( Company news )

    Company news ... Bobst Firenze, Italy.

    The REVO Master Class Open House which took place from 29th November to 1st December 2016 at the Competence Center of Bobst Firenze, Italy, succeeded in being a very dynamic event rich in interaction and networking opportunities for the 322 people that attended it over the three days and six sessions. Printers and converters of flexible packaging, folding cartons and labels made the journey to attend a workshop which would provide an in-depth knowledge of REVO technology, whilst also seeing it in action during actual printing demonstrations.

    Photo: Matteo Cardinotti, Managing Director of Bobst Firenze, leading the Master class about the profitability of REVO vs other processes. On the right Daragh Whelan of Americk Packaging.

    The event also marked the start of REVO Master Certification. By taking part in the Master Classes and demo tracks, participants in the event completed the first step and received the REVO Silver badge, the first of three certificates – Silver, Gold and Platinum - that will lead to REVO Master certification. The program will be made available next year by the REVO Team during dedicated events held at different locations worldwide.

    The REVO offering to the packaging industry is truly unique. It is a process that flows from pre-press through to print production; and summing up the highlights of the demonstrations shown on two BOBST inline flexo presses makes impressive reading, demonstrating the reliability and unique quality of the REVO Digital Flexo workflow:
    - Printing of four different jobs on film and carton substrates using 16 different Pantone colors in total, without ever changing the ink in the print units or the anilox rollers
    - Job changes automatically performed in one minute, with the new job in register after less than 20 meters of waste
    - In each of the four jobs all the Pantone colors showed a Delta-E color accuracy of less than 2.0, notwithstanding the different physical properties and level of absorption of the 38 micron unsupported polypropylene and the 240 gsm light board substrates used in the demo runs.

    What lies behind such impressive performance is the determination of the companies that, since 2013, have made up the REVO technology team to push the flexo process beyond its current limitations: pooling together their know-how and resources to develop a new reliable and predictable process. All the REVO Team partners were present in numbers at the event to share their know-how and the specifics of their contribution to the development of the process, both in the Master Classes and during one to one and small group discussions with event participants.

    Let’s look in detail at the REVO Master Class Open House - which comprised four classes plus two demo tracks.

    The Master Class sessions opened with the testimonial of converting company Americk Packaging relayed by Daragh Whelan, Operations Technical Director of their Haverill site, where the REVO Digital Flexo project was first implemented three years ago on two BOBST inline flexo presses. Mr Whelan talked the audience through the delights and difficulties of being a forerunner in the introduction of a new kind of flexo process which makes the best use of digital technology not as a printing method but to digitize the workflow and make the press fully automated while delivering a print quality of 90Lcm (223 LPi). “The REVO technology has added value to our production whilst increasing run time and decreasing waste. The fact that our lead time has halved since, puts a very strong case for having adopted the technology and for being a part of its future development.”

    Matteo Cardinotti, Managing Director of Bobst Firenze led an open discussion about REVO profitability vs conventional printing, highlighting the elements that are instrumental in increasing the overall economic performance of the REVO production process and stressing the high level of profitability even for below 500 linear meter run production, irrespective of the application.

    In the third session, Dan Pulling, EMEA Business Development Manager at Esko and Jan Scharfenberg, Technical Manager EMEA at DuPont Advanced Printing unraveled all the steps of the pre-press process required to create the ECG color separation.
    “Esko is fully behind this project which offers printers confidence in ensuring their customers quality consistency and repeatability of the final product. Extended Color Gamut will ultimately change the way converters will print packaging in the future. And early adopters are already starting to take advantage of ECG workflow. Now, with the REVO Academy available to all the converters worldwide, adoption of ECG will be easier and faster,” said Dan Pulling.

    Jan Scharfenberg added: “The REVO Academy is a good opportunity to make converters successful in adopting the REVO technology. By using Fast Easy plates, in combination with the REVO technologies, the time from file to printing is tremendously reduced, yet with exceptional print quality, making flexo a possible alternative vs digital printing and for just-in-time production.”

    The last class session tackled the very topical issue of the use of UV inks and their safety in flexible packaging applications for food. Niklas Olsson, Global Brand Manager NW at Flint Group, led this session showing data on how the new generation of low migration UV flexo inks integrated into the REVO process is compliant with even the most stringent regulations for food contact material compliance.
    “There is still some misconception relating to the safety of UV inks in food packaging which has no reason to be and should be dispelled because, from a compliance point of view, they pass all the safety tests, whilst providing the additional benefits of consistent ink transfer and physical properties,“ stressed Niklas Olsson.

    Providing an additional safety guarantee for UV flexo is the BOBST certified UV Track system which BOBST narrow- and mid-web inline flexo presses can be equipped with. This system measures the UV dose and tracks the safety of every printed meter of substrate so, in combination with low migration inks, delivers full compliance in food packaging applications. This is a unique feature of energy curable inks compared to solvent- and water-based inks: continuous safety vs random safety traceability. Only with UV and EB curing can each single printed meter of substrate be safety certified.

    Track 1 and Track 2 demonstrations followed the workshop sessions.
    The REVO technology printing demonstrations were carried out using a BOBST M6 UV flexo inline press which made a great show of the quality and advantages of Digital Flexo technology. The line was equipped with all the technologies that together concur to make the Digital Flexo process developed by the REVO partners: patented GTT anilox rollers by Apex International provided extremely consistent ink laydown for absolute color consistency; press management and quality control systems by AVT guaranteed digital control of quality and on-the-fly adjustment capabilities; flexo plates by DuPont were able to print with unprecedented 90 lines/cm print quality, on both film and carton substrates; ECG color separation software and Flexo Imaging hardware by Esko made the color matching a “digital” process no longer dependent entirely on the skills of press operators; flexo inks by Flint Group provided fully food compatible printed samples; a color measurement and standard system by X-Rite PANTONE was able to show that the 16 pantone colors which were measured were all below the 2 Delta-E threshold which is considered acceptable by most global brand owners.

    Attendees could also visit the REVO Academy, experiencing the fully operational REVO plate manufacturing process using Esko prepress & proofing solutions, the Esko CDI Spark 4835 Flexo Plate Imaging device plus UV Exposure and Fast Plate processing provided by DuPont. The REVO Academy allows converters to come to Bobst Firenze with a new file, and in less than 2 hours be able to print the new job on the press, including plate making, plate mounting and press set-up. There is no need to specify special Pantone inks: with REVO Technology the accurate color matching is achieved by Esko Equinox pre-press software for Extended Gamut Printing. REVO partners advise that converters worldwide can use the REVO Academy for tests and for full “turn-key” REVO training.

    Substrate flexibility being another of the many advantages of the M6 press and of the REVO technologies, the demonstrations alternated between printing a flexible packaging job on 38 micron unsupported polypropylene in the morning and a folding carton job on 240 gsm light board in the afternoon. Noteworthy was the fact that, irrespective of the specifics of the physical properties of the two substrates in terms of absorption, for both jobs the Pantone colors showed a Delta-E color accuracy of below 2.0.

    With reference to printing substrates, Marko Tiainen, Business Segment Manager, UPM Raflatac said “We are completing the REVO validation of the UPM substrates so that they can all become available world-wide.”

    Ian Trevor Pike, Packaging Product Portfolio Manager at X-Rite PANTONE said “The REVO approach to color management is scientific in providing the color consistency and repeatability that the Extended Color Gamut system can guarantee through the highly important step of color communication and measurement and through the control products which PANTONE contributes to the REVO ECG system.”

    Commenting on the flawless performance of the M6 demonstration, AVT’s Business Development Director, David Naisby said “We are delighted to see the results of the joint BOBST and AVT Helios Turbo HD and SpectraLab in line spectrophotometer integration on the M6 Digital Flexo press. AVT within the REVO process delivers workflow automation of both color, register and print quality control which results in a turnkey solution for REVO printers”.

    Nick Harvey, Technical Director Apex Printing Solutions EMEA, Apex Europe, is already geared up to the next developments for the REVO Technology Team “After narrow-web, mid-web and UV ink printing, we are looking at the exciting possibility of extending the REVO Anilox technology to mid-web and wide-web flexible packaging applications using solvent-based and water-based inks.”

    “REVO not only enables users to achieve high 90Lcm print quality, almost three-dimensional visual depth and contrast of the printed images, and to print consistently repeatable quality which can be digitally measured and validated by global digital quality standards, it also extends the quality performance to other parameters like consistency, repeatability and predictability that are part of the production process needed to achieve an extraordinary level of overall operational efficiency,” concluded Federico D’Annunzio, Strategic Products Marketing Director of BOBST Business Unit Web-fed.

    “Because it delivers the same performance across all market sectors, irrespective of run lengths, substrates or applications, the appeal of the REVO Digital Flexo technology is truly universal,” said Dan Pulling of Esko. “This was reflected by the fact that the participants in the Master Class Open House were converters of all sizes, from large multinational corporations to individual family-owned operations.”

    Matteo Cardinotti, Managing Director of Bobst Firenze concluded: “We actually sold or finalized the sales of presses equipped with the REVO Digital Flexo technology at the event, which is a very telling comment on the success of this event”.
    (Bobst Firenze)
     
    10.02.2017   AF&PA Elects New Chair, Announces Officers at Winter Board of Directors Meeting     ( Company news )

    Company news The American Forest & Paper Association (AF&PA) announced the election of Clearwater Paper Corporation President and Chief Executive Officer (CEO) Linda Massman (photo) as the new AF&PA Board Chair and released the 2017 slate of AF&PA Board officers. Top industry leaders participated in the association’s Winter Board of Directors Meeting in Washington on January 26.

    “The American Forest & Paper Association Board represents preeminent industry talent and vision, and I am honored to lead our members in accomplishing our key advocacy priorities for the coming year,” said Massman. “Our agenda targets regulatory reform, comprehensive tax reform, transportation efficiency measures and trade policy. On all, we will provide ideas for forward-thinking policy improvements that allow our businesses to compete at home and around the globe.”

    A distinguished industry leader, Massman was elected as Clearwater Paper's Chief Executive Officer in 2013 after serving as the company’s President and Chief Operating Officer since 2011 and Chief Financial Officer from 2008 to 2011. Before joining Clearwater Paper, Massman served as Group Vice President of Finance and Corporate Planning for SUPERVALU Inc. and as a business strategy consultant for Accenture. Prior to being elected chair of the AF&PA Board, Massman served as Vice Chair and as AF&PA PAC Co-Chair.

    AF&PA President and CEO Donna Harman said, “Under Massman’s leadership, we are ensuring policymakers in Washington, D.C. and state capitals across the country understand the needs of our industry. With 900,000 employees in familywage jobs in large and small communities across 45 states, our U.S. manufacturing operations and our products are a foundation of American daily life. Our industry’s contributions to our nation grow even brighter when efficient and effective regulatory, tax, transportation and trade policies unleash our ability to invest, innovate and compete wherever we are located.”

    Also elected as officers are Evergreen Packaging Inc. President & CEO John Rooney (first vice chair) and Greif, Inc. President & CEO Peter Watson (second vice chair). Packaging Corporation of America Chair & CEO Mark Kowlzan will serve as immediate past chair.

    Beginning new terms as AF&PA Board members in 2017 are Michael Doss, Graphic Packaging International, Inc.; Peter Watson, Grief, Inc.; James Morgan, Interstate Resources; Matthew Kaplan, KapStone Paper and Packaging Corporation; Richard McLeod, The Procter & Gamble Company; Philip Rundle, Rolland Enterprises Inc.; Colin Moseley, Simpson Lumber Company, LLC; Christopher DiSantis, Verso Corporation; and Steven Voorhees, WestRock Company.

    The AF&PA Board of Directors currently consists of 21 top industry leaders who represent a broad spectrum of companies in the paper and wood products manufacturing sector.
    (merican Forest & Paper Association (AF&PA))
     
    10.02.2017   Fibria: 4Q16 Results    ( Company news )

    Company news 2 Horizonte 2 Project: 77% physically complete and 57 % of financial execution. Sales volume 1,584 kt, pulp inventories at 47 days.

    4Q16 Highlights
    -Pulp production of 1,219 thousand t., 7% and 6% less respectively, than in 3Q16 and 4Q15. 2016 production totaled 5,021 thousand t.
    -Pulp sales, including pulp from Klabin, stood at 1,584 thousand t., 10% and 21% up, respectively, on the 3Q16 and 4Q15. 2016 sales totaled 5,504 thousand t.
    -Net revenue of R$2.53 billion (3Q16: R$2.30 billion | 4Q15: R$2.99 billion). 2016 net revenue came to R$9.62 billion. Average net price of R$1,604/t in the domestic market and R$1,389/t in the export market.
    -Cash cost of R$727/t, 14% and 10% higher, respectively, than in the 3Q16 and 4Q15 (for more details, see page 7). Excluding the impact of the scheduled downtimes, the cash cost would have been 4% up on the 4Q15.
    -Fourth-quarter adjusted EBITDA totaled R$804 million, 6% up on the 3Q16 and 50% down on the 4Q15. 2016 adjusted EBITDA came to R$3.74 billion (margin of 43%). EBITDA margin of 36% in the 4Q16, excluding pulp sales from the agreement with Klabin.
    -EBITDA/ton, excluding Klabin's volume, of R$574/t (US$174/t) in the quarter, 3% and 54% down, respectively, on the 3Q16 and 4Q15.
    -Free cash flow in the quarter, before expansion capex, logistics and dividends totaled R$342 million, 15% and 60% lower, respectively, than in the 3Q16 and 4Q15. 2016 free cash flow came to R$1.89 billion, with a free cash flow yield of 10.7% in R$ and 10.0% in US$.
    -Cash ROE and ROIC of 8.9% and 9.0%, respectively.
    -Loss of R$92 million in the 4Q16 (3Q16 net income of R$32 million and 4Q15 net income of R$910 million). 2016 net income stood at R$1.66 billion vs.R$357 milion in 2015.
    -Gross debt in dollars of US$4.96 billion, 13% and 52% more, respectively, than in the 3Q16 and 4Q15. Cash position of R$4.72 billion or US$1.45 billion, which, added to the unused lines related to the financing of the H2 Project, is sufficient to cover this project's remaining capex and debt amortizations until the end of 2018.
    -Net Debt/EBITDA ratio of 3.30x in dollars (3Q16: 2.64x | 4Q15: 1.78x) and 3.06x in reais (3Q16: 2.33x | 4Q15: 2.06x).
    -Total cost of debt in dollars, including the full swap of real-denominated debt at 3.6% p.a. (3Q16: 3.3% p.a. | 4Q15: 3.3% p.a.). Average debt maturity of 51 months (3Q16: 49 months | 4Q15: 51 months).
    -Conclusion of funding tied to export credit notes issued by the Company through the public distribution of agribusiness receivables certificates (CRAs), totaling R$1.25 billion.
    -Fibria was included in the 2017 portfolio of the BM&FBovespa's Corporate Sustainability Index (ISE).
    -Horizonte 2 Project, 77% physically complete and 57% of financial execution. Capex of US$1.0 billion to be disbursed.
    -Restoration of investment grade by S&P, on November 6th. (BBB-/Negative).

    Executive Summary
    The fourth quarter of 2016 was marked by a recovery in demand, especially in Asia. Fibria's sales volume improved year-on- year. This growth, combined with the scenario of depreciated prices and more balanced than expected short-term prospects for new capacity, has allowed the Company to announce three price increases for China and one for Europe and North America. It is also worth noting the overall physical progress of the Horizonte 2 Project during the quarter, which reached 77% in December, ahead of expectations.

    Pulp production totaled 1,219 thousand t. in the 4Q16, 7% and 6% down, respectively, on the 3Q16 and 4Q15, mainly due to the higher impact of the scheduled maintenance downtimes in the 4Q16 (higher number of plants stopping in the quarter and interconnections with the future H2 production). In 2016, pulp production was 3% lower than in 2015, due to the retrofit of the recovery boiler at the Aracruz C mill and the slower stabilization curve following the stoppage, which was in line with the adaptation of the boiler cycle to 15 months - this learning curve was completed in 2016. Sales volume totaled 1,584 thousand t. in the 4Q16, 10% up on the 3Q16, thanks to the strong recovery in demand this quarter in Asia. In the year-on-year comparison, the 21% increase was chiefly due to the effect of the Klabin agreement and increased demand. Sales volume resulting from the agreement with Klabin totaled 183 thousand t. (3Q16: 164 thousand t). Pulp inventories closed the quarter at 47 days.

    The production cash cost was R$727/t, 14% more than in the 3Q16, primarily due to the impact of scheduled maintenance stoppages, higher personnel costs and increased spending on chemicals and energy (for more details, see page 7). Excluding the impact of the 4Q16 downtimes, the production cash cost would have increased by 4%. The 10% year-on-year increase was mostly due to the maintenance stoppages, higher wood transportation costs and the lower utilities cost, partially offset by the exchange rate effect. Excluding the impact of the downtimes, the cash cost of the 4Q16 increased by 4.5%, below the 2016 IPCA inflation rate of 6.3%.

    Adjusted EBITDA totaled R$804 million in the 4Q16, 6% more than in the 3Q16, thanks to higher sales volume and the appreciation of the dollar against the real, partially offset by the fall in the pulp price, in dollars.The EBITDA margin stood at 36%, excluding the sale of pulp from Klabin and 32% including this effect. In relation to the 4Q15, the 50% decline in adjusted

    EBITDA was due to the 30% drop in the average net price in reais (in turn explained by the decline in pulp prices in dollars and the average depreciation of the dollar against the real). Free cash flow in the quarter, before expansion capex, dividends paid and pulp logistics expenses, totaled R$342 million, 15% lower than in the 3Q16, due to higher interest payments in the quarter and increased maintenance capex. In relation to the 4Q15, this figure fell by 60%, as a result of the EBITDA reduction, partially offset by the positive variation in working capital. It is worth noting that the operation with Klabin has no impact on EBITDA.

    The 4Q16 financial result was negative by R$197 million, against a negative R$203 million in the 3Q16 and a positive R$97 million in the 4Q15. The variation in relation to the previous quarter was mostly due to the net hedging result, while the year-on- year variation was explained by the exchange rate impact on the debt position and the net hedging result, higher interest rates and, consequently, the increased appropriation of these expenses.

    Fibria recorded a loss of R$92 million in the 4Q16, against a net income of R$32 million in the 3Q16 and R$910 million in 4Q15. In the full-year comparison, the Company recorded net income of R$1.66 billion in 2016, against R$ 357 million in 2015.

    The gross debt, in dollars, totaled US$4.96 billion, 13% and 52% more, respectively, than in the 3Q16 and 4Q15. Fibria closed the quarter with a cash position of R$4.72 billion (or US$1.45 billion), including the mark-to-market of derivatives, which, added to the unused lines related to the financing of the H2 Project, is sufficient to cover this project's remaining capex and debt amortizations until the end of 2018. In January 2017, Fibria issued securities in the international bond market, in order to strengthen its cash position.
    (Fibria Celulose S/A)
     
    10.02.2017   Lecta to increase CWF prices by 8-9% in Europe, effective March 13    ( Company news )

    Company news Lecta is set to increase the prices of all its 2 side CWF grades in sheets and reels by 8% to 9% in Europe, effective with the deliveries from 13th March 2017.

    ​The price movement is unavoidable to offset rising manufacturing costs, particularly energy, pulp, latex and other raw materials

    The price increase will be applied also in export markets according to product format and on a country by country basis.

    Lecta sales teams are at our customers' disposal to provide specific information on how the price increase will be applied in each market.​
    (LECTA)
     
    10.02.2017   Archroma extends tetrasulfonated optical brightening agents capacity in Europe     ( Company news )

    Company news Picture: Archroma extends tetrasulfonated optical brightening agents capacity in Europe. (Photo: Archroma)

    - Additional capacity expected to come on stream by mid-May 2017
    - Marks a further step in Archroma's consolidating global paper market
    - Supports Archroma's future innovation in sustainable whiteness solutions

    Archroma, a global leader in color and specialty chemicals, today announced that it will invest in a new production facility for tetrasulfonated optical brightening agents (OBAs) at its existing production site in Prat del Llobregat, Spain.

    The significant investment focuses on extending production capacities primarily to serve demand in Europe and providing a platform for future innovations to be introduced in sustainable whiteness solutions.

    Tetrasulfonated OBAs are the most commonly used optical brightening agents in papermaking. Their suitability for use in all parts of the machine and production process is valued by customers requiring a versatile product or those with limited storage facilities.

    The new capacity is expected to come on stream by mid-May 2017, bringing Archroma to a substantial OBA capacity level in Europe, and is designed to be extended even further over the next few years. Archroma will also add to its production team in Prat del Llobregat to support the investment.

    Valerie Diele-Braun, President of Archroma Packaging & Paper Specialties, commented: “With this investment we confirm our position as the leading supplier of OBAs to the paper industry. We are on our path to further increase Archroma’s service and supply to our customers by responding to their increasing request to us for reliable quality products.”

    “This investment will not only expand our production capabilities but will pave the way for us to introduce the innovative and more sustainable chemistries we are currently developing,” she added. “It represents an important milestone, underlining Archroma’s continuous commitment to delivering innovation and cost efficiency to this segment and customer.”
    (Archroma Management GmbH)
     
    10.02.2017   Packaging Corporation of America – DeRidder, LA Mill Incident    ( Company news )

    Company news At approximately 11:10 am CST, Wednesday, February 8th, there was an explosion at our DeRidder, LA paper mill. The incident involved annual repair work being performed on piping in the pulp mill area and resulted in three contractor fatalities. The cause of the incident is under investigation.

    Our primary concern is for the safety and well-being of the people working on our site. The top priorities at this time are the notification of families of the deceased contractors and investigation of the incident with authorities.

    At the time of the incident, the D1 machine was down for its annual outage and the D3 machine was running and continues to operate. The current assessment indicates that the annual outage work is expected to be delayed by up to one week and the mill will then resume full operation. Further information will be provided, as appropriate, when it becomes available.
    (PCA Packaging Corporation of America)
     
    10.02.2017   ANDRITZ to supply equipment for fiberline upgrade to Altri Celbi, Portugal    ( Company news )

    Company news International technology Group ANDRITZ has been selected to upgrade the brown stock washing process in the fiberline at the Altri Group’s Celbi mill in Portugal. Start-up is scheduled for autumn 2017. The new DD-Washer and other fiberline equipment supplied by ANDRITZ will substantially improve the washing efficiency and increase the capacity of the hardwood fiberline.

    Photo: ANDRITZ Drum Displacer (DD) Washer

    This is a repeat order for ANDRITZ at the Celbi mill, thus demonstrating the very successful, long-term business relationship between the two companies. The latest deliveries of ANDRITZ technology were the pulp drying line and cooking process systems in 2014 and 2015, respectively.

    Altri is headquartered in Porto, Portugal, and is one of the leading producers of bleached eucalyptus pulp in Europe.
    (Andritz AG)
     
    10.02.2017   Valmet to supply an extensive paper machine rebuild for Sappi North America    ( Company news )

    Company news Valmet will supply an extensive rebuild for Sappi North America at its Somerset paper manufacturing facility in Skowhegan, Maine, USA. As a result of the rebuild, the paper machine (PM1) will be able to produce both coated paper and a variety of consumer packaging products. The start-up of the rebuilt machine is scheduled for early 2018.

    Photo: The happy sales and project teams from both companies

    The order is included in Valmet's first quarter 2017 orders received. The value of the order will not be disclosed. The value of an order of this type is typically EUR 60-70 millions.

    "Valmet has been a long-standing technical resource and solutions-oriented equipment supplier to Sappi. Working together, we recognized the manufacturing potential of PM1 at Somerset and, with Valmet's collaborative technical support, will further advance Sappi North America's diversification into packaging," comments Mark Gardner, President and CEO of Sappi North America.

    "We are very happy to have been selected by Sappi North America for this important project. In many ways this project represents the strong and mutual commitment that has been established between Sappi and Valmet based on the good results achieved together during the previous projects. We look forward to strengthening our relationship further while working hard to help Sappi reach their project goals and business objectives," comments Valmet's Dave King, Area President, North America.

    Technical information about the project
    Paper machine (PM1), currently producing woodfree coated paper grades (WFC), will be rebuilt using some of the most advanced packaging manufacturing technology to produce a variety of both packaging and coated paper products.

    Valmet's delivery will include a number of modification and new machine parts in the existing machine to meet the requirements of the new packaging grades.
    (Valmet Corporation)
     
    09.02.2017   International Paper Reports Fourth Quarter and Full Year 2016 Earnings    ( Company news )

    Company news International Paper (NYSE: IP) reported full-year 2016 net earnings attributable to International Paper of $904 million ($2.18 per share) compared with net earnings of $938 million ($2.23 per share) for full-year 2015. In the fourth quarter of 2016, the Company reported net earnings of $218 million ($0.53 per share) compared with $178 million ($0.43 per share) in the fourth quarter of 2015. Net earnings in all periods include the impact of special items, if any, non-operating pension expense and discontinued operations.

    Full-year 2016 adjusted operating earnings were $1.4 billion ($3.35 per share) compared with $1.5 billion ($3.65 per share) in 2015. Adjusted operating earnings in the fourth quarter of 2016 totaled $303 million ($0.73 per share) compared with $361 million ($0.87 per share) in the fourth quarter of 2015.

    Annual net sales totaled $21.1 billion in 2016 compared with $22.4 billion in 2015. The year-over-year revenue decline was primarily due to the sale of the IP-Sun joint venture and the Asian Corrugated Packaging business, as well as the sale of the Carolina® Coated Bristols business. Quarterly net sales were $5.4 billion in the fourth quarter of 2016 compared with $5.4 billion in the fourth quarter of 2015.

    Full-year 2016 business segment operating profits were $2.2 billion compared with $2.4 billion in 2015. Business segment operating profits in the fourth quarter of 2016 were $464 million, compared with $483 million in the fourth quarter of 2015.

    Cash provided by operations was $2.5 billion for the full-year 2016 and $912 million in the fourth quarter of 2016. Free cash flow (non-GAAP) was $1.9 billion for the full-year 2016 and $467 million in the fourth quarter of 2016.

    "I'm pleased with another year of strong cash generation and returns solidly above the cost of capital," said Mark Sutton (photo), Chairman and Chief Executive Officer. "While we experienced margin pressure in 2016, we enter the new year with an improving economic climate and several catalysts which we expect to improve profitability across International Paper. We are focused on serving our customers, strong operations and margin improvement, along with integrating the newly acquired pulp business and driving synergies. We remain confident in our ability to create shareholder value through thoughtful capital allocation with a near-term focus on debt reduction."

    SEGMENT INFORMATION
    The performance of the Company's business segments is measured quarter to quarter without variations caused by special items, as management focuses on business segment operating profits excluding those items. The combination of IP's legacy pulp business with the acquired pulp business in 2016, will now be called Global Cellulose Fibers and reported as a separate business segment (previously reported in Printing Papers). Prior periods have been restated to reflect this change. Fourth quarter 2016 business segment operating profits and business trends compared with the prior quarter are as follows:

    Industrial Packaging operating profits in the fourth quarter of 2016 were $372 million ($379 million excluding special items) compared with $424 million ($429 million excluding special items) in the third quarter of 2016. In North America, improved sales price realization was more than offset by slightly lower box shipments due to fewer shipping days, higher input costs and higher operating costs, including an inventory valuation adjustment. Operating profits in EMEA improved, due to seasonally higher sales volumes.

    Global Cellulose Fibers operating profits in the fourth quarter of 2016 were a loss of $70 million (a loss of $32 million excluding special items) compared with a loss of $39 million (a loss of $32 million excluding special items) in the third quarter of 2016. The legacy IP business was negatively impacted by lower sales prices and an unfavorable mix, partially offset by lower planned maintenance outage costs. The segment reflects the operating profits for one month from the newly acquired pulp business.

    Printing Papers operating profits were $121 million in the fourth quarter of 2016 versus $167 million in the third quarter of 2016. Earnings in North America were impacted by higher maintenance outage costs, seasonally higher operating costs and an unfavorable product mix. In Brazil, seasonally stronger sales volumes were partially offset by higher operating costs. Operating profits in EMEA were lower due to higher planned maintenance outage expenses, as well as higher input costs.

    Consumer Packaging operating profits were $41 million in the fourth quarter of 2016 compared with $61 million in the third quarter of 2016. The earnings decrease in North America was primarily due to seasonally lower volume, seasonally higher operating costs and higher planned maintenance outage expenses.

    International Paper recorded Ilim joint venture equity earnings of $45 million in the fourth quarter of 2016 compared with $46 million in the third quarter of 2016. The Company recognized a non-cash after-tax foreign exchange gain of $6 million in the fourth quarter of 2016 ($0.01 per share), compared with a gain of $3 million in the third quarter of 2016 ($0.01 per share).

    CORPORATE EXPENSES
    Net corporate expenses, excluding non-operating pension expense, were $11 million for the fourth quarter of 2016, compared with $11 million in the third quarter of 2016.

    EFFECTIVE TAX RATE
    The reported effective tax rate for the fourth quarter of 2016 was 38.6% compared to a 2016 third quarter effective tax rate of 28.7%. Excluding special items and non-operating pension expense, the effective tax rate for the fourth quarter of 2016 was 29.0%, compared with an effective tax rate of 30.5% in the third quarter of 2016. The lower rate of 29.0% in the fourth quarter was due to the inclusion of a decrease in the Company's valuation allowance for state income taxes.

    EFFECTS OF SPECIAL ITEMS
    Special items in the fourth quarter of 2016 included a pre-tax charge of $7 million ($6 million after taxes) for Restructuring and other charges for costs associated with the closure of a mill in Turkey. Special items also included a pre-tax charge of $19 million ($14 million after taxes) for costs associated with the newly acquired pulp business, a pre-tax charge of $19 million ($11 million after taxes) to amortize the acquired pulp business inventory fair value step-up and a tax expense of $31 million associated with a tax rate change in Luxembourg.

    Special items in the third quarter of 2016 included a pre-tax charge of $46 million ($29 million after taxes) for Restructuring and other charges. Included within Restructuring and other charges were a pre-tax charge of $29 million ($18 million after taxes) for debt extinguishment costs and a pre-tax charge of $17 million ($11 million after taxes) to write-off costs associated with the India Packaging business evaluation. Special items also included a pre-tax charge of $8 million ($5 million after taxes) for the write-off of certain regulatory pre-engineering costs, pre-tax charges of $7 million ($4 million after taxes) for costs associated with the agreement to purchase the Weyerhaeuser pulp business and pre-tax charges of $5 million ($4 million after taxes) for costs associated with the sale of our Asia corrugated packaging business.

    Special items in the fourth quarter of 2015 included a pre-tax loss of $33 million ($20 million after taxes) for Restructuring and other charges. Included within Restructuring and other charges were a pre-tax charge of $15 million ($9 million after taxes) related to the sale of the Carolina® Coated Bristols brand and costs associated with the conversion of the Riegelwood, North Carolina facility to 100% pulp production, a pre-tax charge of $15 million ($9 million after taxes) to adjust a legal reserve and pre-tax charges of $3 million ($2 million after taxes) for other items. Special items also included a gain of $12 million (before and after taxes) to reflect the sale of the IP-Sun JV, a charge of $137 million (before and after taxes) for the impairment of the goodwill and other intangible assets of the Company's Brazil Packaging business and a tax expense of $2 million for other items.
    (International Paper)
     
    09.02.2017   David Hathorn to retire and Peter Oswald to be appointed as Group Chief Executive Officer    ( Company news )

    Company news Mondi Group (“Mondi” or “the Group”) announces that David Hathorn, Group Chief Executive Officer, has informed the Boards of his decision to retire. Peter Oswald (photo), currently an Executive Director and Chief Executive Officer of the Europe & International Division, will succeed David as Group Chief Executive Officer.

    In order to ensure a smooth transition, David and Peter will work together over the next three months and David will stand down as Group Chief Executive Officer and as a director of Mondi plc and Mondi Limited at the conclusion of the Annual General Meetings on 11 May 2017, at which time Peter will assume the full responsibility as the Group Chief Executive Officer. Thereafter David will support Peter as required and continue to work in an executive capacity until his retirement in February 2018.

    The joint chairmen, David Williams and Fred Phaswana, commented:
    “David has made an immense contribution to the growth and development of Mondi. David joined the Group in 1991, and has served as CEO since 2000. He was instrumental in the Group’s international expansion and the development of the high-quality asset base that forms the foundation of the Group today. He has led Mondi through major change in this period, most notably in the establishment of Mondi as an independently listed Group through the demerger from Anglo American plc in 2007. Since listing in 2007 the market capitalisation of the Group has more than quadrupled, with a compound annual return to shareholders of over 18%. The Boards are extremely grateful to David for his contribution to the Group over the past 26 years of service and wish him all the best in his retirement.

    We are delighted to have someone of Peter’s calibre and experience to succeed David as CEO. Peter has been with the Group in various roles since joining in 1992, serving as an Executive Director and Chief Executive Officer of the Europe & International Division since January 2008. Peter is a proven leader with an intimate knowledge of the business, having been involved in the development of much of what comprises the Group today. We are confident that Peter will offer strong continuity, while bringing his own dynamism to the role. We look forward to David and Peter working together to ensure a smooth transition of leadership.”

    Commenting on his appointment, Peter Oswald said:
    “I am honoured to accept the appointment and look forward to working with the Boards and the rest of our team in continuing the successful development of the business. With our clear and consistent strategic focus, robust business model, world class assets, rigorous and disciplined approach to capital allocation, and strong financial position, we are well equipped to serve our growing customer base and deliver the ongoing success of the Group for the benefit of all stakeholders.”

    David Hathorn, Group Chief Executive Officer, added:
    “It has been a great privilege to have worked for the Mondi Group over the past 26 years, being involved in its development from a regional business to a truly international group delivering industry leading returns. It gives me great confidence in the future success of the business to be able to hand over to Peter, who has been alongside me for much of this journey. I wish Peter and the team all the very best.”
    (Mondi Group)
     
    09.02.2017   GL&V to supply new equipment to BillerudKorsnäs Gruvön Mill    ( Company news )

    Company news GL&V Sweden AB is pleased to announce that BillerudKorsnäs Gruvön Mill has placed an order for a complete Refiner and Deflaker system and a combined Save-All/Broke Thickener together with Duflo® Pump technology to their new Board Machine, Next Generation project.

    GL&V Sweden AB will deliver thirteen DD®6000 Refiner and three DF-20-2 Deflakers for print-, middle- and back ply. The energy efficient DD6000 refiners will be equipped with the patented Anti-Plate Clash System, APCS, which detects and prevents Refiner Plate clashing. GL&V´s Refiner Plate Wear Indicator, an accurate laser-based system that measures the refiner plate wear, is also included in the scope.

    GL&V Sweden AB will also supply a combined Save-All/Broke Thickener including a Duflo Pump to BillerudKorsnäs Gruvön Mill, this will be the 5th Celleco® Centerdisc® CDI disc filter for the BillerudKorsnäs group. The unique and strong design of the CDI filter makes it a perfect filter for this type of application. The ability to combine the Save-All and Broke Thickening applications saves the investment of a separate Broke Thickener filter. The CDI filter will be equipped with stainless steel filter covers to improves the runnability and reduce maintenance cost.

    The Duflo technology is well known in the pulp and paper industry and in the Gruvön Mill specifically. The Duflo pump will take care of the big difference in flow as well as in consistency which is common with the operation of a disc filter installed as a Save-All/Broke Thickener. A key success for this is the efficient Duflo Impeller and the possibility to easily turn the internal vacuum system on and off.

    Planned start-up is scheduled to spring 2019.
    (GL&V Sweden AB)
     
    09.02.2017   Stora Enso Financial Statement Release 2016    ( Company news )

    Company news Q4/2016 (compared with Q4/2015)
    -Sales EUR 2 438 (EUR 2 487) million decreased 2.0%. Sales excluding the structurally declining paper business increased 4.5%, primarily due to the ramp-ups at Varkaus kraftliner and Beihai consumer board mills.
    -Operational EBIT decreased 21.1% to EUR 191 (EUR 242) million, mainly due to historically low hardwood pulp prices in Biomaterials with an impact of EUR 35 million, a negative impact of EUR 25 million from the ramp-up of Beihai operations, slightly more than expected, and a power generator failure at Enocell Millof EUR -5 million. Operational EBIT margin was 7.8% (9.7%).
    -EPS EUR 0.12 (EUR 0.53). EPS excl. IAC decreased to EUR 0.17 (EUR 0.78).
    -Strong cash flow from operations continued and was EUR 461 (EUR 412) million, cash flow after investing activities EUR 240 (EUR 75) million.
    -Balance sheet continued to strengthen; net debt to operational EBITDA 2.0 (2.3); liquidity EUR 949 (EUR 807) million.
    -Operational ROCE 8.9% (11.3%), operational ROCE excluding the Beihai investment 12.1% (13.3%).

    Photo: Stora Enso's CEO Karl-Henrik Sundström

    Q4/2016 (compared with Q3/2016)
    -Sales at EUR 2 438 (EUR 2 393) million, increased 1.9%. Sales excluding the structurally declining paper business increased 4.9%.
    -Operational EBIT at EUR 191 (EUR 219) million decreased 12.8%, mainly due to historically low hardwood pulp prices and higher fixed costs.

    Full year 2016 (compared with 2015)
    -Sales at EUR 9 802 (EUR 10 040) million, declined 2.4%. Sales excluding the structurally declining paper businesses and the divested Barcelona Mill, increased 3.1%, primarily due to the ramp-ups at Varkaus kraftliner and Beihai consumer board mills.
    -Operational EBIT at EUR 884 (EUR 915) million, decreased 3.4% largely due to historically low hardwood pulp prices, a negative impact of EUR 74 million from the ramp-up of Beihai operations, and higher fixed costs due to other transformation projects and increased innovation activities in Biomaterials. The Paper division had a positive impact of EUR 134 million on operational EBIT.
    -EPS EUR 0.59 (EUR 1.02). EPS excl. IAC decreased to EUR 0.65 (EUR 1.24).
    -Strong cash flow from operations was EUR 1 633 (EUR 1 556) million, cash flow after investing activities EUR 834 (EUR 599) million.
    -The Board of Directors proposes dividend to increase from EUR 0.33 to EUR 0.37 per share

    Transformation
    -Beihai Mill ramp-up is proceeding ahead of plan relating to both quality and production volumes. The consumer board machine is expected to reach full production within 18‒24 months from the start-up in May 2016. The bleached chemi-thermomechanical pulp (BCTMP) plant started during the fourth quarter. The mill is expected to reach EBITDA break-even in Q1/2018.
    -Stora Enso is reconsidering its plans to build a chemical pulp mill in Beihai, China.
    -Varkaus kraftliner mill ramp-up is proceeding. Full production is expected during the second half of 2017. EBIT break-even is expected in Q2/2017.
    -The production line for wooden building components (LVL) at Varkaus Mill is ramping up. Full production is expected in mid-2018.

    Outlook
    Q1/2017 sales are estimated to be similar to the amount of EUR 2 438 million, and operational EBIT is expected to be in line with the EUR 191 million recorded in Q4/2016. The Q1/2017 operational EBIT estimate includes the negative impacts of the ramp-up of Beihai operations and the power generator failure at Enocell Mill of EUR 34 million and EUR 10 million, respectively. There are no major scheduled annual maintenance shutdowns during Q1/2017.

    Stora Enso will start a profit improvement programme targeting to decrease the annual costs by EUR 50 million with full annualised impact in 2018.

    Stora Enso's CEO Karl-Henrik Sundström comments on the fourth quarter 2016 results:
    Year 2016 was an important milestone in our transformation. We completed a large part of our heavy investment programme, and we continue to maintain a strong focus on customers and innovation. With this, we are well prepared for 2017 and beyond.

    In the fourth quarter, our sales excluding the structurally declining paper business increased 4.5%, primarily due to the ramp-ups at Varkaus kraftliner and Beihai consumer board mills. Operational EBIT was EUR 191 million compared to EUR 242 million a year ago. This is mainly due to historically low hardwood pulp prices with an impact of EUR 35 million, a negative impact from the ramp-up of Beihai operations of EUR 25 million, and a power generator failure at Enocell Mill of EUR -5 million. For the second quarter in the row, we had a strong cash flow from operations of EUR 461 million. Balance sheet continued to strengthen as net debt to operational EBITDA was 2.0.

    Our transformation continues to progress and the Beihai Mill ramp-up is ahead of plan. I am happy to see that this regards both quality and production volumes. Furthermore, as announced during the quarter, we are reconsidering our plans to build a chemical pulp mill in Beihai. This decision would not affect our operations at Beihai Mill. It is a viable option for us to source the chemical pulp to Beihai Mill from the market or utilise our current captive global hardwood pulp supply.

    The Varkaus kraftliner mill ramp-up is progressing and we are expecting EBIT break-even in the second quarter 2017. Also, the line for wooden building components (LVL) at Varkaus Mill is ramping up and production optimisation is ongoing. Over 70% of the products obtained certificates during the fourth quarter, and the remaining certificates are expected during the first quarter of 2017. The installation of the first residential building of Wood City in Helsinki, started in December. Wood City will be built in massive wood and the multi-storey buildings will be built using LVL from our Varkaus Mill.

    We are further investing to accelerate our transformation into a renewable materials company. In January, we announced that we are investing a total of EUR 9.1 million in further commercialisation of micro-fibrillated cellulose (MFC) in paperboard packaging. The investment goes to consumer board mills in Finland and Sweden. MFC is a material we believe in strongly. Due to its high strength properties and 100% renewable raw materials, it can replace fossil-based materials, such as plastics, in different applications. Moreover, we are investing EUR 12 million to build a new production line for biocomposite granules in Sweden. This is yet another example that demonstrates our ability to provide an innovative and more sustainable alternative to plastics. The Paper division ended the year on a very strong note, despite continued market challenges.

    I am pleased that we have received an award for global leadership for our actions and strategies in response to global warming. We have been listed on the Supplier Climate A List by CDP, the international not-for-profit organisation that drives sustainable economies. We have also been awarded for the best sustainability report in Finland for the second consecutive year, by Finland’s leading non-profit corporate responsibility network. It is satisfying that the report was also top ranked by the media and by corporate sustainability students.

    I am happy to say that even though we are investing in the future of Stora Enso, we are also able to increase the contribution to our shareholders. Our Board of Directors proposes a dividend of 0.37 euros per share for 2016, up 0.04 euros compared with the preceding year.

    As always, I would like to thank our customers for their business, our employees for their dedication and our investors for their trust.”
    (Stora Enso Oyj)
     
    09.02.2017   Daniel Erni - new Sales Director    ( Company news )

    Company news Daniel Erni (photo) took up his post as Sales Director of Hunkeler AG on 1 January 2017. As a member of the Management Board, he has been tasked with strategically expanding the company's worldwide distribution network and heading operational activities in the American market.

    Daniel Erni possesses long-standing experience in the graphic industry. He has assumed managerial roles in a number of companies and brings to the table expertise in holistic concepts, as well as knowledge of the American market.

    Hans Gut, who used to head Marketing and Sales in Union, will henceforth concentrate on strategic marketing and put his many years of experience at the disposal of the company as a VP.
    This useful extension to the management lineup finds Hunkeler further consolidating its market leadership and able to act decisively in the market.
    (Hunkeler AG)
     
    09.02.2017   SinoCorrugated 2017: Full Endorsement of the world-renowned China Packaging Federation    ( Company news )

    Company news We sincerely invite you to the SinoCorrugated 2017 between 11.-14. April 2017 at the Shanghai New International Expo Centre on behalf of all packaging industry peers. SinoCorrugated 2017 is the world's leading trade show for corrugated equipment, its technologies and is organized by Reed Exhibitions (Shanghai) Co. Ltd. The Exhibition focuses on displaying high-end carton manufacturing equipment, innovative design and its related consumables. SinoCorrugated 2017 will be held alongside SinoFoldingCarton as well as the China Packaging Container Expo 2017. The innovative concept of the 3-in-1 Mega Expo will showcase the entire packaging industry chain on an area of up to 110,000 sqm exhibition space. It’s a great opportunity to meet buyers, purchase packaging equipment, do trade cooperation, promote brand as well as to broaden your contacts.

    SinoCorrugated 2017 gains support from exhibitors from home and abroad which guarantees that not only the number of exhibitors but also the quality of exhibitors will be better than similar exhibitions. So far, Reed Exhibitions has signed agreements with more than 550 corrugated and carton exhibitors. The exhibits are covering the whole product range of corrugated and carton manufacturers including global brands.

    The China Packaging Federation is one of the most earliest national industry associations which was approved by the State Council. The China Packaging Technology Association (CPTA) was once established in 1980 and later renamed into China Packaging Federation (CPF) under approval of the Civil Affairs Bureau on September 2nd, 2004. The China Packaging Federation has already established contact linkages and business relationships with more than 20 packaging organizations in different countries and areas. We sincerely hope that all packaging industry peers can gather together in Shanghai and share the latest information of the global industry development. Furthermore we hope that everybody will cooperate with each other in order to reach a common development on occasion of SinoCorrugated 2017.

    At the end we sincerely hope to meet you at the SinoCorrugated 2017 in order to promote the communication and the development of the global packaging industry.
    (Reed Exhibitions Greater China)
     
    08.02.2017   Brigl & Bergmeister – Changes in Mangement    ( Company news )

    Company news By February 28th Michael Sablatnig will retire from his position as Managing Director of Brigl & Bergmeister. He will however remain in the Roxcel Group in an advisory role and for specific projects. We thank Mr. Sablatnig for his excellent work in the last years with the B&B Group.

    Until further notice Mr. Bernhard Mayer will act as the sole Managing Director of Brigl & Bergmeister and will also take over the agenda of Mr. Sablatnig. Mr. Mayer joined the company in 1985 and was appointed as Managing Director in the technical field, for both Brigl & Bergmeister and Papirnica Vevče in July 2015.

    Mr. Norbert Peintinger will be appointed as general manager and head of sales and marketing for Brigl & Bergmeister and Papirnica Vevče. Mr. Peintinger has joined the company in 1993 and gained great experience in several roles.
    (Brigl & Bergmeister GmbH)
     
    08.02.2017   Buckman Announces New CEO, Board Leadership    ( Company news )

    Company news Buckman announced that Steven B. Buckman (photo), President/CEO, will retire effective April 28, 2017. Steve has led the company’s nine global operating companies for more than 16 years. Junai Maharaj, currently Managing Director of Buckman Europe, Middle East and Africa, will become the CEO of Buckman effective April 28, 2017.

    In addition, Kathy Buckman Gibson, Buckman International’s President and COO, will become Chairman of the Board of Directors beginning April 28, 2017. Otto Heissenberger, Jr. will retire as Chairman and plans to continue to serve as a board member.

    “Steve Buckman has dedicated more than 42 years of his life to this company and I can confidently say that Buckman would not be what it is today without his vision, leadership and unwavering commitment to its high standards and values,” said Otto Heissenberger, Jr., Chairman of the Board. “Steve has transformed Buckman into a successful global specialty chemical company that focuses on sustainable success through teamwork and values honest and ethical long-term relationships with its customers. I know I speak for everyone at Buckman when I say that Steve will truly be missed.”

    Steve began his career with Buckman in 1974 as Export Analyst. In 1987, he became President and COO of Buckman International and in 1996 assumed the role of Chairman of the Board, CEO and COO. He has served as President/CEO since 2000. Under Steve’s leadership, Buckman’s global sales doubled and the company received two Presidential Green Chemistry Challenge awards from the EPA.
    (Buckman Laboratories International Inc.)
     

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

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

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