3Q15 Highlights * Leverage reduction in the quarter, which ended with a Net Debt/Adjusted EBITDA ratio of 3.0x in BRL and 2.3x in USD * Record-high Adjusted EBITDA of R$1.48 billion in 3Q15 (+140% vs. 3Q14) and R$3.4 billion in 9M15 (+107% vs. 9M14) * Pulp: record-high production (929k ton) and sales (889k ton) in the quarter * Paper: higher export sales volume supported by weaker domestic demand * Lowest level of SG&A expenses as a ratio of net revenue: 7.4% in 3Q15 (-0.9 p.p. vs. 3Q14) and 8.2% in 9M15 (-1.4 p.p. vs. 9M14)
BillerudKorsnäs announced that it partnered with researchers at Uppsala University towards the future’s paper batteries. Together they have taken basic research based on pure cellulose from algae and developed it to work with the same type of fibre that BillerudKorsnäs usually uses to manufacture paper and packaging. This development opens up the possibility of eco-friendly batteries, with the long-term goal being large-scale production at a low price.
“It’s not unusual for researchers to present new, eco-friendly technology. What’s special in this case is the model for collaboration between BillerudKorsnäs and Uppsala University that has resulted in technology adapted to large-scale production processes,” says Lars Sandberg, project manager for innovation at BillerudKorsnäs.
“We’re combining the deep theoretical expertise of the researchers with our understanding of innovation and production technology. By successfully creating a joint platform and having fantastic people on our team, we can focus our work on the future, on creating an advanced product that can still be produced in an effective way,” says Lars Sandberg.
more at: https://www.cwgrp.com/ippweeknews/europe-central-asia/506032-billerudkorsnaes-and-researchers-announce-new-development-in-paper-batteries?user=tompankow&passw=e86601e4657487693f13f8ca4cad7be3%3AALAMQzO7pG3pbMEx7avqEZWcCZyErjye