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(USA) Smurfit-Stone Container has announced that it and its U.S. and Canadian subsidiaries have filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court in Wilmington, Delaware...
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(India) Erode-based Seshasayee Paper and Boards has reported a sharp fall in net profit at Rs 42 lakhs in the third quarter ending December 31, 2008 against Rs 13.57 crore in the same period last year...
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(India) State-run Tamil Nadu Newsprint and Paper Limited (TNPL) had dropped 25 per cent to Rs 21.25 crore during the third quarter ended December 31, 2008 as compared to Rs 28.48 crore during the same period last year.
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(USA) Higher costs for energy, chemicals, and labor and benefits reduced earnings by about 11 cents per share. Expenses were partially offset by higher pricing for containerboard and cardboard boxes and a lower tax rate.
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(USA) Moody's Investors Service has lowered its corporate family ratings on two AbitibiBowater Inc. subsidiaries further into junk status due to the newsprint maker's softening cash position in the midst of a global recession.
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(India) JK Paper Limited, one of India’s largest Paper Companies, has reported a Gross Sales of Rs. 313.07 Crore for its Q3 ended 31st Dec 2008, 23% higher compared to the corresponding quarter last year. Net Sales at Rs.267.61 Crores increased by 30% for the quarter...
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(Finland) Details of the impairment charge and other non-recurring items, including the allocation between the Business Areas, will be announced in the connection with the fourth quarter and full year 2008 results on 5 February 2009.
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(USA) International Paper will host an Investor Day on Feb. 18 from 8 a.m. to 11 a.m. EST in New York City to discuss the company's global strategy and long-term goals particularly as they relate to the company's Industrial Packaging...
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(USA) Shares of Smurfit-Stone Container Corp., the largest producer of cardboard box materials in North America, plummeted 80 percent Thursday, January 15 on reports it hired bankruptcy lawyers.
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(Finland) Standard & Poor's has today downgraded M-real Corporation's B- rating to CCC+. The outlook of the rating remains negative.
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(USA) Smurfit-Stone Container., a manufacturer of paperboard and paper-based packaging products, has told its lenders it could file for bankruptcy amid weakening sales and a cash crunch, the Wall Street Journal reported quoting people familiar with the matter.
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(Finland) UPM's associated company Oy Metsä-Botnia Ab has today announced the permanent closure of the Kaskinen pulp mill during the first quarter of 2009. The special charges resulting from the closure will reduce UPM's associated company results by approximately EUR 27 million...
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(USA) Forestweb, the leading independent provider of intelligence for the forest products industry, today launched its new iiStock Index of U. S. Forest Products, a real-time index that tracks the financial pulse of the 27 largest stocks in the forest products market sector...
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(USA) Bank of America Business Capital, one of the world’s largest asset-based lenders, announced today (05 Jan 2009) that it provided a $65 million senior secured credit facility to Midland Paper Company. The asset-based loan was used to refinance existing debt...
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(USA) Xerium Technologies has today announced that on December 29, 2008, it received notification from the New York Stock Exchange (NYSE) that it was not in compliance with two NYSE standards for continued listing of the Company's common stock on the exchange...
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(India) Standard & Poor's Ratings Services has revised its rating outlook on Ballarpur Industries to negative from stable while affirming its 'BB-' long-term corporate credit rating...
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(China) Zhejiang Jingxing Paper Joint Stock Co., Ltd. forecasts that it will incur a net loss of CNY 205-230 million in the full year 2008, slumping 350%-380% from last year...
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(USA) Champion Industries has announced net income of $6,022,000 for the year ended October 31, 2008 compared with net income of $6,080,000 for the year ended October 31, 2007...
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(USA) AbitibiBowater shares more than doubled Monday as the U.S. State Department voiced concern over a Canadian expropriation of company assets and the newsprint maker announced an asset sale and reaffirmed a stronger fourth quarter.
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(USA) The board of directors of Weyerhaeuser declared a dividend of 25 cents per share on the common stock of the corporation payable March 2, 2009 to shareholders of record at the close of business Jan. 30, 2009...
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