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(USA) Deutsche Bank Friday said it was becoming more cautious on the paper and forest products sector, downgrading both International Paper and Domtar to hold from buy on pulp prices that it said were coming under pressure.
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(US) The Board of Directors of Albany International Corp. has declared a quarterly dividend of $0.12 per share on the Class A and Class B Common Stock, payable on October 7, 2008, to shareholders of record on September 8, 2008...
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(Canada) A tightening market for uncoated freesheet paper is brightening the prospects for industry heavyweight Domtar Corp., Raymond James analyst Daryl Swetlishoff wrote in a report yesterday..
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(USA) The Board of Directors of Greif, Inc. has declared quarterly cash dividends of $0.38 per share of Class A Common Stock and $0.57 per share of Class B Common Stock.
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(USA) Shares of AbitibiBowater fell Tuesday after an analyst said that pulp prices are declining. UBS analyst Gail S. Glazerman said in a note that prices for long-fiber northern bleached softwood kraft pulp - a benchmark commodity for pulp makers - are coming off a 12.5 year high...
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(Brazil)--Aug 26, 2008--The proposed takeover of pulp producer Aracruz Celulose SA by rival Votorantim Celulose e Papel may reduce the appeal of Brazil's capital markets by highlighting the vulnerability of some minority shareholders, the group said in a letter to Brazil's securities regulator...
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(Taiwan) Taiwan`s leading paper manufacturers, including Cheng Loong Corp. and Chung Hwa Pulp Corp. have generated handsome profits in the first half of 2008...
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(China) Shandong Chenming Paper Holdings Limited is to issue CNY 1.2 billion 365-day short-term financing bonds on August 29, 2008, the Shenzhen-listed company said in a statement on August 25.
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(Germany) Fortress Paper Ltd. is pleased to announce today that it has completed a dual listing of its common shares on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange under the symbol "LII".
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(Australia) Gunns Ltd, an Australian forestry group, is set to announce a capital raising of up to A$400 million to help finance its plans for a controversial pulp mill in the island state of Tasmania, the Australian Financial Review reported...
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(Finland) Time is running out for Russia and the European Union to settle a row over timber duties and this could hit the credit ratings of several Nordic paper firms, a Standard & Poor's analyst said on Wednesday. S&P forestry analyst Andreas Zsiga told the Reuters Paper Summit...
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(Finland) Most paper makers' credit ratings had dropped below investment grade as they struggled with overcapacity, and slowing economies had put further pressure on ratings, Moody's forestry analyst said...
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(Canada)Catalyst Paper has announced the replacement of its existing C$350 million revolving operating facility maturing July 2009 with a new C$330 million revolving asset based loan facility (ABL) maturing August 2013...
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(Canada) Moody's Investors Service upgraded Domtar Corp., citing improved credit protection metrics, progress made in the integration of Domtar and Weyerhaeuser's fine paper assets, management's commitment to debt reduction, and expectations of continued strong operating...
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(Australia) Gunns, planning a $2 billion wood pulp mill , in Tasmania, slumped to a 5-year low in Sydney trading after saying it may divest part of its plantation forest to help raise about A$170 million...
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(USA) Neenah Paper, Inc. has reported income from continuing operations for the second quarter 2008 of $6.2 million, or $0.42 per diluted common share, compared with income from continuing operations of $7.4 million, or $0.49 per diluted common share...
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(Canada) Domtar Corporation has reported net earnings of $24 million ($0.05 per diluted share) for the second quarter of 2008 compared to net earnings of $36 million ($0.07 per diluted share) for the first quarter of 2008 and $11 million...
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(Canada) For the second quarter ended June 30, 2008, SFK Pulp recorded sales of $137.0 million. Earnings before interest, taxes and amortization (EBITDA)(1) stood at $10.0 million and a net loss of $3.2 million was incurred...
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(USA) Boise Inc. (NYSE: BZ: 3.51, -0.32, -8.35%) today reported financial results for second quarter 2008. Sales for second quarter 2008 were $618.4 million, an increase of $35.8 million, or 6% above sales of $582.6 million for the packaging and paper assets...
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(Canada) Forest products firm AbitibiBowater Inc. is prepared to cut production and take a tough line on labour negotiations next year as the world's largest newspaper producer attempts to further reduce costs amid continuing quarterly losses.
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