Finch Paper and French Paper Company have announced that French has joined Finch Paper Holdings. Finch Paper is a premier, vertically integrated paper manufacturer specializing in high-bright, uncoated papers for North American printing and converting markets. French Paper, based in Michigan, manufactures premium custom paper for graphic arts, printing, packaging, writing, text, cover, specialty, and gift applications. Together, they will offer customers a superior array of fine uncoated paper products. “We are very pleased to share that French Paper Company has joined Finch Paper Holdings, creating a unique partnership that represents over 300 years of papermaking excellence. With this partnership, we are bringing together two outstanding teams,” said Deba Mukherjee, President and CEO of Finch Paper. “Finch and French have similar histories as iconic paper companies. We are each a pillar in the community we call home, a trusted employer and a manufacturing leader. We are delighted to welcome the French team to our Finch family” added Mukherjee. While French Paper has joined Fitch Paper Holdings, the companies will continue to operate individually.
At the close of the 2019 annual meeting of the Canadian Council of Forest Ministers (CCFM) in Northern Saskatchewan, Forest Products Association of Canada (FPAC) announced its support for the Ministers’ commitment to work together to promote Canadian forestry and forest products to the country and the world. “This was definitely one of the best meetings of forestry ministers from across Canada that I have attended in recent years,” Nighbor said. “There was a real focus on the big picture. How can we better use forest management to fight climate change? How can we more actively manage our forests in and around communities to keep people safe from wildfires? How can wood fibre-based products address our single use plastics challenge? These are the things we need our governments focused on if we’re going to help our environment and support much-needed jobs in forestry communities,” Nighbor added.
•Operating profit for January–June was SEK 1 217 million (January–June 2018: SEK 1 271 million). Higher prices for paper had a positive effect on earnings, while rising wood costs and a maintenance shutdown in paperboard had a negative impact. The profit includes SEK +80 million from sale of a permit to build a wind farm on Holmen property. In the same period last year, the profit included SEK +70 million from the divestment of a forest property. •Operating profit in the second quarter totalled SEK 574 million, compared with SEK 643 million in the first quarter. Profit in the quarter was boosted by the sale of a wind farm permit but was negatively affected by a maintenance shutdown in paperboard and seasonally lower hydropower production. •Profit after tax for January–June amounted to SEK 954 million (1 266), which corresponds to earnings per share of SEK 5.7 (7.5). Profit in the preceding year was positively affected by SEK 300 million as a result of a lower tax rate in Sweden.
Through a combination of capital investments and continuous improvement projects, our Plymouth Mill is building a sustainable future by increasing energy and resource efficiency. In fact, the mill recently completed two more important initiatives to reduce fuel and water consumption, in turn reducing its bottom-line costs and contributing to our corporate sustainability goals. Our efforts to optimize and improve the operational efficiency of our pulp business are part of a strategic plan to grow into a world-class supplier with strong, long-term customer partnerships and a sustainable future. With an eye toward a more sustainable future, the mill improved its hog fuel boiler so it can produce more steam while burning less biomass (typically bark), known in the industry as hog fuel. This is particularly important because the mill has to purchase biomass from a third party to supplement its own biomass so it has enough hog fuel to produce the steam needed to power mill processes. Another step on the path toward a more sustainable future is the installation of a cooling tower and two large heat exchangers that reclaim waste heat and use it to make steam from existing process water. Capturing all that heat and water from various mill processes required the mill to install more than one mile of large-diameter pipe.
The Old Town Paper Mill is once again up and running. "That mill is not just good for Old Town -- it's very good for Old Town, as far as its tax base, but the jobs, the very good paying jobs with benefits," former Old Town City Councilor Jack Cashman said. "It's good for the whole area, not just Old Town." There will be 130 of those good paying jobs at the Old Town Mill. The mill was bought by Hong Kong-based Nine Dragons Paper last year. ND Paper also owns the mill in Rumford. This has government leaders convinced the company is committed to Maine.
“AF&PA supports free and fair trade policies. U.S. trade laws include provisions to ensure that U.S. companies and workers are not harmed by foreign unfair trade practices. The petitions represent an effort to ensure that foreign producers do not circumvent the payment of anti-dumping and anti-subsidy duties on uncoated free sheet paper in sheet form that have been in place since early 2016 by importing sheeter rolls into the U.S. that are then converted into sheet form. We encourage the U.S. Commerce Department and the U.S. International Trade Commission to review carefully the evidence provided in the petitions and to make a determination as quickly as possible. “The U.S. paper industry operates in a highly-competitive global market. Government enforcement of domestic and international trade rules is important to safeguard the health of the U.S. paper industry and for markets to function properly.”
A person’s physical and mental health directly affects her or his ability to work safely. This is why our well-being and safety initiatives go hand in hand. By helping to keep our colleagues healthy, we’re creating a safer workplace at Domtar. “It makes sense,” says Larry Warren, senior director for health and safety at Domtar. “Our experience shows that colleagues who suffer from fatigue are more accident-prone, increasing the risk of injury for themselves and their coworkers.” Likewise, the emotional and physical symptoms of stress, such as frustration, anxiety, muscle pain and headaches, can cause distraction and poor decision-making, creating unsafe working conditions. When our colleagues come to work physically and mentally prepared, we can minimize these situations, Warren says, creating a safer workplace for everyone.
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.
Canfor Corporation confirms that, on August 10, 2019, it received an unsolicited and non-binding proposal from Great Pacific Capital Corp. pursuant to which Great Pacific has suggested that it would be willing to acquire all outstanding common shares of Canfor (excluding those already directly or indirectly owned by Great Pacific) at a price of $16.00 per common share. Canfor cautions its shareholders and potential investors that the Indicative Offer is non-binding on Great Pacific and there can be no certainty that the Indicative Offer or any other strategic transaction with Great Pacific or any other person will be pursued by Canfor, supported by Canfor’s board of directors or ultimately completed.
Suzano S.A. one of the world’s largest pulp and integrated paper producers, announces its consolidated results for the second quarter of 2019 (2Q19). Comparison data with 2018 (2Q18, 6M18 and LTM4) represent the simple sum or weighted average of Suzano + Fibria. * Pulp sales of 2,214 thousand tons, up 28% from 1Q19. * Paper sales of 301 thousand tons, up 10% from 1Q19. * Adjusted EBITDA¹ and Operating Cash Generation²: R$3.1 billion and R$2.2 billion, respectively. * Adjusted EBITDA¹/ton of pulp of R$1,305/ton (-12% vs. 1Q19). * Adjusted EBITDA/ton of paper of R$1,219/ton (+15% vs. 1Q19).