International Paper, Temple-Inland extend date for merger:
International Paper Co.and Temple-Inland Inc.have agreed with the U.S. Justice Department to extend the review period for a merger between the two companies until Jan. 27.
The original date for the companies to finalize the merger was Dec. 31. Memphis-based International Paper also extended the internal transition deadline of the merger from June 6 to June 28.
Monday, December 19, 2011
Sappi Reports Major NA Investment
Sappi Limited announces major investment in North American operations: Sappi Limited announced 11/10/2011 the approval of a US$170 million capital project to convert the kraft pulp mill in Cloquet, Minnesota to chemical cellulose used in textile and consumer goods markets and approved capital plans that call for a US$13 million project to upgrade coated paper manufacturing at the Sappi Somerset Mill in Skowhegan, Maine.
Fibrek’s Board Rejects Resolute Bid
Fibrek’s Board rejects unsolicited insider bid by AbitibiBowater:
Fibrek Inc. announced today that its Board of Directors has unanimously rejected the unsolicited insider bid of AbitibiBowater Inc. (carrying on business as Resolute Forest Products) for all issued and outstanding common shares of the company.
Fibrek Inc. announced today that its Board of Directors has unanimously rejected the unsolicited insider bid of AbitibiBowater Inc. (carrying on business as Resolute Forest Products) for all issued and outstanding common shares of the company.
Resolute Forest Products Workers Unite
Canadian/American Resolute Forest Products workers unite:
American and Canadian union members who work for forest industry giant Resolute Forest Products (formerly AbitibiBowater) have joined forces to “speak with one voice” to the company.
About 100 union delegates from 10 Canadian Resolute mills in Ontario, Quebec and Nova Scotia and 4 US mills in Georgia, South Carolina, Tennessee and Alabama met this weekend in Montreal and adopted a solidarity pledge to work to coordinate activities and work together leading to 2014 pattern and master agreement negotiations with the company in both countries.
American and Canadian union members who work for forest industry giant Resolute Forest Products (formerly AbitibiBowater) have joined forces to “speak with one voice” to the company.
About 100 union delegates from 10 Canadian Resolute mills in Ontario, Quebec and Nova Scotia and 4 US mills in Georgia, South Carolina, Tennessee and Alabama met this weekend in Montreal and adopted a solidarity pledge to work to coordinate activities and work together leading to 2014 pattern and master agreement negotiations with the company in both countries.
Stora Enso's Langerbrugge SC PM Rebuild
PMT Italia to upgrade PM3 press section at Stora Enso's Langerbrugge mill in Gent, Belgium: Stora Enso Langerbrugge Mill located in Gent, Belgium has selected PMT Italia S.p.A. as the supplier for the PM 3 Press Section Upgrade.The start-up is planned for March 2012. PM3, a 6,5 m wide machine producing SC paper, will be rebuilt by partly replacing the existing Press Section steel framework with a completely new stainless steel one, giving PM3 a longer life time and providing the necessary flexibility for future implementations as well as the development in press technology.
Wausau Paper Sells Remaining Timberlands
Wausau Paper Selling Timberland Holdings:
Wausau Paper is selling its remaining timberland holdings. According to a news release from the company, it totals about 80,200 acres in Northern Wisconsin worth $42.9 million.
Wausau Paper is selling its remaining timberland holdings. According to a news release from the company, it totals about 80,200 acres in Northern Wisconsin worth $42.9 million.
Editor-in-Chief Named for Everyday with Rachael Ray
Meredith Hires Lauren Purcell as EIC of Everyday with Rachael Ray: Meredith Corp. has found its editor-in-chief for Everyday with Rachael Ray. Lauren Purcell, who was most recently executive editor at Condé Nast's Self, will start January 9.
USPS, Two Postal Unions Extend Talks Again
USPS, Two Postal Unions Extend Contract Talks: The Postal Service and two of its major unions have agreed to extend separate labor contract negotiations until Jan. 20, 2012. Contracts with the National Association of Letter Carriers and the National Postal Mail Handlers Union expired at midnight Sun., Nov. 20, 2011. The deadline for the talks has been extended twice before.
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