(USA)Firefighters rescued five workers on a rooftop at Wausau Paper Thursday afternoon, March 19, helping them escape a fire that caused an estimated $500,000 in damage. Fire ignited in an electrical room in the basement of the paper mill...
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(China) Shandong Bohui Paper Industry, a Chinese paper manufacturer, has announced that it will issue up to RMB 975 million in five-year convertible bonds, dropping its original plan to issue corporate bonds, sources reported.
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(UK) Two things are worrying the majority of suppliers on the publication market in the UK: the drop in demand and the weakness of the pound against the euro, whereby the exceedingly low prices due to the exchange rate are causing producers in euro countries the biggest headache...
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(Canada) The shares of AbitibiBowater, already battered by weak paper markets, tumbled again on Thursday after a report the newsprint maker's recapitalization plan was meeting resistance from bank creditors.
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(USA) Caraustar has announced that on March 19, 2009 it made the determination to permanently cease production of uncoated recycled boxboard (URB) at its Carolina Paperboard mill in Charlotte, NC...
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(UK) Asthma UK has warned print companies that paper dust and some printing chemicals could cause fatal asthma attacks. The charity has set up Business Against Asthma to help raise awareness of the risks in the workplace...
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(USA) MeadWestvaco has announced it will close its Louisa, Virginia, and Caguas, Puerto Rico, folding carton plants in 2009. These actions are part of the company’s accelerated strategic cost management program, announced January...
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(Canada) The Canadian forest, paper and packaging (FPP) industry has not been immune to the economic downturn. Indeed, aggregate fourth quarter 2008 net earnings of 13 of the largest Canadian FPP companies plummeted to -C$1.3 billion from -C$226 million in Q3 2008...
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Ahlstrom, a leading manufacturer of specialty papers and nonwovens, announces that the very challenging market conditions that impacted Ahlstrom's business in the fourth quarter of 2008 have prevailed in the beginning of this year...
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As Don Meadows explains in his editorial, you cannot control the global financial markets, but you may be able to control your attitude about the challenges and opportunities inherent in the current crisis.
(Finland) Ahlstrom has concluded the negotiations on temporary layoffs with the personnel of its head office and sales office in Helsinki on March 17, 2009. The negotiations concerned the whole personnel of these units, a total of 76 people...
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(USA) Sonoco, one of the largest diversified global packaging companies, announced today that it will permanently close its Lancaster, Ohio, uncoated recycled paperboard mill, effective May 16, 2009, according to James Harrell...
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(Finland) Stora Enso expects its operating result excluding non-recurring items (NRI) and fair valuations for the first quarter of 2009 to be clearly down on the fourth quarter of 2008 due to customer destocking and underlying weakness in demand, especially for wood products...
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(Belgium) This year’s European Paper Week will take as its theme ‘Building on paper’s values’. It will take place in the beautifully renovated Marivaux Hotel and Conference Centre in the heart of Europe - Brussels. The conference centre incorporates an old cinema complex and these...
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(USA) Chesapeake has announced that it has received no qualifying bids to compete with the previously announced offer to acquire all of its operating businesses submitted by a group of investors, including...
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(USA) RISI analyzed the economic health of North American timber markets this weekend at the Forest Resources Association's annual meeting in Hilton Head, SC. RISI stated that North American supply and demand for sawmill residual chips has taken some twists...
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(Japan) Nippon Paper expects a 27 percent drop in consolidated operating profit to about 24 billion yen ($243.4 million) for the year ending March 31, President Yoshio Haga told the financial daily Nikkei in an interview...
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(Finland) Metso has concluded employee negotiations relating to the Finnish units of its Paper business line, excluding Metso Foundries Jyvaeskylae Oy, where negotiations are still continuing. The negotiations concerned all of the units' employees in Finland...
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(USA) KapStone Paper and Packaging Corporation, a producer of unbleached kraft paper products and dunnage bags, reported a 78% decline in its fourth-quarter earnings on reduced demand amidst the struggling economy...
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(India) As many as 80 workers of the government-owned handmade paper institute, here, and owners of over 150 small scale units on Monday demanded revival of the institute's daily business. The production unit of the institute is shut for the last five months...
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(Canada) New investor commits to backstop up to US$100 million of concurrent offering - Support of unsecured noteholders increases to approximately 39% of outstanding principal amount - Meetings of affected noteholders and lenders to be held April 30th...
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(USA) The Seattle Post-Intelligencer, whose giant neon globe has been a fixture on the city's skyline for much of the newspaper's 146-year history, will print its last edition today and become the largest metropolitan daily to switch to an online-only publication...
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Posted by
newshound
360 days ago
(Press Release/Editorial)
