Ahlstrom-Munksjö has completed the acquisition of MD Papéis’ Caieiras specialty paper mill in Brazil for a debt free purchase price of about EUR 98 million*. The acquisition significantly strengthens Ahlstrom-Munksjö’s offering in South America and provides further growth opportunities. The acquired business had net sales of about EUR 76 million and comparable EBITDA of EUR 12 million in 2017. Annual synergy benefits of up to EUR 6 million are estimated, mainly arising from optimization of overlapping businesses. The agreement was announced on April 24, 2018. The Caieiras product offering is an excellent match for Ahlstrom-Munksjö with 80% of sales being in line with the company’s current portfolio. The plant gives access to local production of decor paper, thus strengthening Ahlstrom-Munksjö’s offering and partnership with existing customers, who have so far relied on imports. Click read more below for additional detail.
Domtar joined other companies across North America in celebrating Manufacturing Day in October. Our goal was to inspire the next generation of manufacturers by showcasing the many career opportunities available in the pulp and paper industry. We invited local students to visit several of our mills and plants for tours, Q&A sessions and hands-on activities to show what it’s like to work in manufacturing and to dispel common misconceptions about our industry. “Manufacturing Day is a great opportunity to invite local students to see what life is like in our mill. We get to highlight the many career opportunities and get young kids thinking about their future careers,” says Ginny Johnson, who coordinated events at our Nekoosa Mill in Wisconsin. Click read more below for additional detail.
Mohawk Fine Papers, Inc., North America’s largest privately-owned manufacturer of fine papers, envelopes and specialty materials for commercial and digital printing, is pleased to announce that Chris Harrold, Mohawk’s Senior Vice President, Marketing and Creative, will be a recipient of a 2018 Franklin Luminaire Award. The award, which recognizes exceptional professionals for their positive contribution and service within the media and graphic communications industry, will be presented at the annual Franklin Luminaire Awards event held this evening in New York City. This event provides an opportunity to recognize the contributions of incredibly talented and dedicated individuals, such as Chris Harrold. The award is the “Hall of Fame” for the industry, with over 250 professionals recognized since 1971. Click read more below for additional detail.
According to the September 2018 Printing-Writing Monthly report from the American Forest & Paper Association, total printing-writing paper shipments decreased 13 percent in September compared to September 2017. Total printing-writing paper inventory levels decreased less than one-half of one percent from August. Imports of printing-writing papers in August increased five percent compared to August 2017 imports, while exports declined 26 percent compared to August 2017. Click read more below for additional detail.
Resolute has earned two 2018 Business Intelligence Group (BIG) Awards for Business: the Green Company of the Year Award and the Green Product of the Year Award, both in the Manufacturing category. The Green Company of the Year Award recognizes our business and sustainability strategies, which are focused on improving the energy efficiency of our operations, producing renewable energy, and reducing waste as well as our reliance on fossil fuels. These strategies have been expressly developed to align our efforts in environmental stewardship and social responsibility with our business objectives, an approach that reinforces our vision that profitability and sustainability drive our future. Our Green Heritage® recycled tissue line was selected as the Green Product of the Year. “We are so proud to reward Resolute for their outstanding 2018 results,” said Maria Jimenez, chief nomination officer of the Business Intelligence Group. “This year’s group of winners are clearly leading by example in the global business community.” Click read more below for additional detail.
When it comes to absorbent hygiene products, what you can’t see is often the most important part. Domtar subsidiary Engineered Absorbent Materials, also known as EAM, produces highly absorbent cores that are hidden inside what other companies produce. So, even if you haven’t heard of EAM, you’ve probably benefited from its absorbent technology. Located in southern Georgia, EAM is a hotspot for innovation and product development. Its client list includes some of the world’s largest and most successful consumer product manufacturers. Lee West, global vice president of procurement and IT at Domtar Personal Care and general manager of EAM, says, “Domtar has made significant investments in EAM since it was acquired in 2012. This has allowed us to grow and continue to innovate for our customers. Locally and globally, we have a lot to be proud of.” Click read more below for additional detail.
INTERFOR CORPORATION announced plans to temporarily reduce production across its operating platform in the BC Interior in Q4’18 due to a combination of declining lumber prices and escalating log costs. The curtailment is expected to reduce production in the region by approximately 20% during the quarter and will be taken by way of reduced operating days and extended weekends/holiday breaks. Interfor has three sawmills in the BC Interior, with total annual capacity of approximately 750 million board feet.
In accordance with and for the purposes of number 1 of article 17 of the Regulation (EU) number 596/2014 of the European Parliament and of the Council, of 16 April 2014, and of number 1 of article 248 of the Portuguese Securities Code and other applicable regulations, THE NAVIGATOR COMPANY, S.A. hereby informs that today it was notified by the United States Department of Commerce that it amended downwards the final anti-dumping duty to be applied retrospectively to paper sales to the United States, for the period from August 2015 to February 2017 (the first period of review), to 1.75%. It is recalled that, as mentioned in the information disclosed by the Company on August 10, 2018, the Department of Commerce notified the Company that the final rate on sales made during the first period of review would be 37.34%, although in March 2018 the Company had been notified by the same authority that, in accordance with its preliminary assessment, the anti-dumping duty to be applied would be 0%. Click read more below for additional detail.
On September 4th, Rolland had implemented a temporary order suspension to allow us to get our systems back on track after a difficult summer and provide our customers with more accurate shipping dates to improve our customer service. I am pleased to announce that, effective today, we are removing the temporary order suspension and you can place orders as normal. We thank you for your continued support and patience as we worked through our backlog.
LineoTM by Stora Enso, launched earlier this year, has won ‘Best Product Innovation’ at the ICIS Innovation Awards 2018. ICIS, Independent Chemical Information Service, is the world's largest petrochemical market information provider. Stora Enso was shortlisted in its award category alongside other industry leaders. The judges recognised the impressive potential of Stora Enso’s versatile and renewable bio-based solution made from lignin, one of the main building blocks of a tree. Lineo can be used in a range of applications for which fossil-based materials are currently used. It is a renewable replacement for oil-based phenolic materials, which are used in resins for adhesives, e.g. in plywood, oriented strand board (OSB), laminated veneer lumber (LVL), paper lamination and insulation material. In the future, Lineo can be developed into other types of binders and also used in carbon fibre and energy storage applications. Click read more below for additional detail.