Appvion’s full year 2014 net sales of $809.8 million increased 0.3% compared to 2013. Encapsys net sales increased $9.5 million while sales to external customers rose 29.7% on a volume increase of approximately 11%. Thermal papers net sales of $415.3 million declined $6.0 million compared to 2013 despite shipment volumes that were approximately 2% higher. Carbonless papers net sales of $349.4 million were 0.6% lower than prior year, while shipment volumes improved approximately 2%. Appvion reported an operating loss of $40.7 million for 2014 compared to operating income of $132.8 million in 2013. The current year operating loss includes a $66.3 million mark-to-market loss related to the Company’s pension and other postretirement benefit plans whereas 2013 included a $63.0 million gain associated with those liabilities. Current year results also include a $24.0 million charge for the Fox River Funding Agreement executed at the end of third quarter as well as higher legal costs.
Please be advised that, effective with shipments June 1, 2018, the US transaction price for the following grades from Catalyst Paper will be increasing for new and existing orders of Electracal® & Electraprime®. This increase applies to all basis weights, finishes and grade extensions.
Klabin, the largest paper producer and exporter in Brazil and the leading manufacturer of paper and board for packaging, corrugated board packaging and industrial sacks, announces the startup of its new pulp mill located in Ortigueira, Paraná. On last Friday, March 4, the company produced the first pulp bale at the Puma Unit, which already holds Chain of Custody certification from FSC® - Forest Stewardship Council® (FSC-C129105). The new unit’s construction was completed in 24 months and on budget.Total investment in the project was R$8.5 billion, which included all facilities, taxes and contractual corrections.
In recent years, Lecta has been evaluating alternatives with respect to the conversion of the Line 8 at the Condat mill in France. The alternatives have included investigating a broad range of possible partnering arrangements with local, regional and national authorities, including amongst others financial support and workforce training subsidies. In particular, Lecta has become aware that recently a particular initiative being explored requiring the European Commission approval, with respect to energy contribution subsidies over a 3 year period representing an aggregate potential value to the business of up to 35M€ over such period, has been objected to on a preliminary basis during the pre-notification phase by the European Commission.