Wednesday, April 25, 2012

New Page Won't Build Bio-Refinery

New Page drops plans for bio-refinery in Wi...:
Four years ago, the U.S. Energy Department awarded a $30 million grant for the bio-refinery. The project was originally sought by Stora Enso, a previous owner of the Wisconsin Rapids mill.

IP Closing 4 Temple-Inland Plants

International Paper closing four plants as result of Temple-Inland merger:
International Paper Co. is shutting down four plants across the country in the next two months and eliminating a total of 215 jobs.

IP Announces Uncoated Paper Increase

http://www.internationalpaper.com/
International Paper announced to customers a $2/cwt or 3-4% price increase on uncoated freesheet imaging papers effective May 21, 2012.

Another Coated Increase

FutureMark has announced a $2.00/cwt increase on its coated mechanical paper, effective July 1.

Verso Announces Exchange Offer


http://www.versopaper.com/
Verso Paper Corp. announced today that two of its wholly owned subsidiaries, Verso Paper Holdings LLC and Verso Paper Inc. (together, the "Issuers"), have launched an exchange offer and consent solicitation for their outstanding 11⅜% senior subordinated notes due 2016 (the "Old Subordinated Notes"). In addition, the Issuers have amended certain terms of the existing exchange offer and consent solicitation for their second priority senior secured floating rate notes due 2014 (the "Old Secured Floating Rate Notes").

NBSK Downtime Reported


Two major North American market pulp producers, Resolute Forest Products and Domtar, have annual maintenance closures at their northern bleached softwood kraft (NBSK) mills in Ontario this month that will trim 29,000 tonnes of output.

Nippon Relocating Headquarters


Nippon Paper Group, Inc. said that it has decided to relocate its headquarters and the headquarters of major Group companies.
In addition, the company today decided to review its existing holding company system, and transform its business structure using the Group’s comprehensive strength.
 


DS Smith Buying SCA Packaging, France

SCA has accepted DS Smith´s offer to acquire its packaging operations
SCA has accepted DS Smith´s formal offer to acquire the packaging operations in France following consultations with appropriate works councils.  The agreed purchase price amounts to EUR 1.7bn on a debt free basis.

Meredith Reports FY Q3 Results

Meredith's National Media Group Profits Down: Meredith Corporation released its fiscal third quarter results today and the overall picture is a mixed one for its National Media Group. Revenues were flat at $268 million compared with the same period the previous year, but profits were down 23% to $37 million.

Forrester: B2B to Grow 6.8%




http://www.btobonline.com/article/20120425/STRATEGY06/304259996/forrester-says-b-to-b-marketers-will-increase-budgets-6-8-this-year
B2b marketers will increase their marketing budgets by an average of 6.8% this year, according to a report from Forrester Research.
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