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(Canada) On Wednesday, Bowater Inc. touched a 23-year low of $13.97 (U.S.), as if anybody other than Chip Dillon keeps track of such things. What’s more relevant is that the stock has been halved since January when BOW and Abitibi-Consolidated Inc. decided to tie the knot...
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(India) The shareholders of Andhra Pradesh Paper Mills, at the 43rd annual general meeting (AGM) of the company held on Sep. 21, 2007, declared dividend at Re 1 a share on 25,733,555 equity shares of Rs 10 each aggregating to Rs 25.73 million for the year ended Mar. 31, 2007.
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(USA) Fitch Ratings has affirmed Weyerhaeuser Company's (Weyerhaeuser) long-term senior unsecured debt and Issuer Default Ratings (IDR) at 'BBB' and the commercial paper ratings of Weyerhaeuser and Weyerhaeuser Real Estate Company (WRECO) at 'F2'. The 'BBB' rating has also been assigned to...
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(USA) Idaho—Boise Cascade, L.L.C. announced today that Alexander Toeldte, Executive Vice President of Paper, Packaging & Newsprint for Boise, will speak at the Deutsche Bank 2007 Leveraged Finance Conference held in Scottsdale, Arizona, on October 2-4, 2007...
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(China) Qunxing Paper Holdings has brought more proof that investors continue to view Chinese paper manufacturers as lucrative investments, with its Hong Kong initial public offering being significantly oversubscribed. As a result, the specialty paper manufacturer had no difficulty pricing the IPO.
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TD Newcrest and Raymond James chopped their price targets on SFK Pulp Fund after the company took a chunk out of its monthly distribution to unitholders that TD analyst Sean Steuart called “more severe ... and sooner than expected, given the company’s ample cash reserve.”...
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(USA) Fitch Ratings on Friday revised its outlook for Weyerhaeuser Co. (NYSE:WY) (TSX:WYL) to 'Negative' from 'Stable,' citing the potential losses its wood products business could post if the residential construction slump continues. Fitch also affirmed Weyerhaeuser's investment grade 'BBB'
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(USA) Analyst Mark Wilde of Deutsche Bank Securities reiterates his "buy" rating on Wausau Paper Corp (WMO.NYS). The target price has been reduced from $22 to $17.
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(USA) Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today announced that it expects third quarter 2007 base earnings to be in the range of $.55 to $.58 per diluted share. The Company had previously provided on July 20, 2007 base earnings guidance for the third quart
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Moody's Investors Service said it has affirmed the 'Ba3' corporate family rating of Boise Cascade LLC after the paper company said it has entered into a purchase and sale agreement with Aldabra 2 Acquisition Corp (AMEX:AII) for the sale of Boise Cascade's paper, packaging, and newsprint segment
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(USA) Packaging Corporation of America (NYSE: PKG) announced today that its Board has approved a regular quarterly dividend of $0.25 per share on its common stock. The quarterly dividend of $0.25 per share will be paid to shareholders of record...
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(USA) Moody's Investors Service downgraded its debt ratings outlook for lumber and paper company Weyerhaeuser Co. to "Negative" Tuesday on the possibility of a protracted housing slowdown. The negative outlook reflects risks that an extended housing slowdown will continue to challenge the compan
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(China) Qunxing Paper Holdings, a Chinese manufacturer of specialty paper products, launched the roadshow yesterday for its initial public offering in Hong Kong. The manufacturer aims to raise up to HK1.6 billion ($206.2 million). Qunxing is offering 300 million shares, or 30% of its...
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(Hong Kong) Shandong Qunxing Paper Industry Co. is seeking to raise up to US$205.8 million in an initial public offering ahead of a Hong Kong listing next month, a person familiar with the situation said on Monday...
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(India) "If you want to take a call on the paper industry I am not bullish in fact if you see the present working and profitability of the newsprint makers in fact they have been passing through a dull phase and the profitability is quite under stressed...
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(USA) Boise Paper Co. will go public some two years after a scuttled attempt at an initial public offering, as part of a $1.6 billion purchase of the company by special purpose acquisition corporation Aldabra 2 in a deal announced Friday...
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(Europe) The world's leading paper producers could see their credit ratings downgraded if the industry's lacklustre performance continues in the next few months, Moody's Investors Service has warned...
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Stora Enso is reorganising its operations from the current four divisions into eight separate business areas: Fine Paper, Merchants, Consumer Board, Industrial Packaging, Magazine Paper, Newsprint, North America and Wood Products. An impairment charge totalling about EUR 1 300 million will be...
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(India) Magnum Venture has been engaged in the paper production and trading business for over 25 years. Getting into paper business involves substantial capital outlay. A new, integrated unit with captive power, and in-house pulping facility and co-generation plant will require an investment of...
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(India) The paper demand in India is growing at 8 per cent, and Bilt is well-positioned in the industry with a 17 per cent market share by volume and 26 per cent by value. At about 10 times FY07 earnings, Bilt appears attractive...
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