(Global) The global paper and forest product industry's six-year-long decline in credit quality has continued in 2007, says Moody's Investors Service in an industry update...
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Posted by minhr 1694 days ago
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(Finland) The start-up schedule for Metsä-Botnia's new pulp mill in Uruguay will have no significant impact on M-real's financial result for this year. Metsä-Botnia's pulp mill in Fray Bentos, Uruguay is technically nearly completed. According to the original schedule, the mill was foreseen...
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Posted by minhr 1694 days ago
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(USA) Weyerhaeuser Company (NYSE: WY) will release third quarter 2007 results on Oct. 31 before the market opens. The company will hold a live conference call at 7 a.m. Pacific (10 a.m. Eastern) on Oct. 31 to discuss third quarter results...
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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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Posted by tony 1699 days ago
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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) 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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Posted by minhr 1713 days ago
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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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