Over the Wire

Converted product shipments and parent roll production increased y/y while operating rates dropped m/m to 90.0%, below the 10-yr. average for December.

 

Rate plunged to 84% and producers’ stocks soared in December 2016. Demand in 2016 was down 3.9%.

 

The Global Synthetic Paper Market is poised to grow at a CAGR of around 7.8% during the next decade.

 

Bleached softwood kraft pulp exports were up 6.5% y/y through the first 11 months of 2016. Russia’s BHK pulp exports to China during that period were down 12% -17%.

 

Pulper rags are a very tightly entangled mechanical compound of metallic and non-metallic components formed during pulping of recovered paper or pulp in the vortex center of a pulper.

 

Company has repaid in full the unsecured convertible debenture in the aggregate principal amount of $25,000,000 issued by the company in favor of Fonds de solidarité FTQ (FSTQ).

 

Barcelona, Spain, mill will replace its existing P1 coating machine for thermal papers with a new line to be installed at its Leitza, Spain, plant in the beginning of 2018.

 

Company said his week that it would continue to invest in South Africa and develop its dissolving wood pulp at the Ngodwana and Saiccor operations.

 

Wärtsilä’s scope covers an extended engineering and equipment delivery (EEQ), and includes Wärtsilä 50SG engines running on natural gas.

 

Company has been awarded Belgian National Champion status in the category Environmental and Corporate Sustainability for its innovative and sustainable packaging board, SilberBoard.

 

Mondi has acquired 100% of the outstanding share capital of Excelsior Technologies Ltd., U.K., from funds managed by Endless LLP and certain other minority shareholders, for a total consideration of £33 million (EUR 38 million).

 

Company will reinforce its heavy duty corrugated capabilities in Europe with investments in its Mondi Simet plant near Poznań, Poland.

 

Company has acquired all of Nippon Paper Industries’ shares of Rengo consolidated subsidiary Asahi Shiko Co. (Konosu-shi, Saitama Prefecture, Japan).

 

With this investment, Stora Enso aims to increase and meet increasing customer demand for food service board and liquid packaging board.

 

Investment improves quality as well as increases production capacity of company's AvantFlute SC product portfolio. Implementation of the investment is scheduled to start immediately with completion in the second quarter of 2018.

 

New cloud based release combines real-time and historical data for the most holistic view future maintenance and operational demands for strategic assets and fleets.

 

Tailor Made was launched to allow brands to work with James Cropper to develop unique, custom-made paper solutions for brand presentation and packaging.

 

New product is an integrated accounting, distribution, and manufacturing software, designed for the flexible packaging industry.

 

Company announces a price increase of 8% for all European coated and uncoated fine paper business, both sheets and reels, effective March 15, 2017.

 

Company is implementing a price increase of 4% for the majority of its North American Product Care Division packaging products, effective March 1, 2017.

 

Company is implementing a general price increase for both new and recycled molded wooden plugs in the U.S. and Canada--the first price increase for its plug products since 2011. The price increase is expected to be in the range of 6%-8%.

 

According to the EcoVadis/HEC Barometer Survey, 50% of sustainable procurement leaders experienced increased revenue from sustainability initiatives, a 33% increase over non-leaders.

 

AF&PA announces greenhouse gas reduction goal of 20% by 2020 under Better Practices, Better Planet 2020 Initiative.

 

Supervisory Board Names Mark von Laer new CFO, effective March 1, 2017.

 

"Jack was nominated for this award as he is known in the industry for his leadership and mentorship, whether working with employees or the supplier base," said Keith Kemp, ASPI president and VP of global sales for AstenJohnson Advanced Fabrics.

 

Gerard H. Gifford has been appointed EVP and COO, effective April 1, 2017.He will continue to report to Timothy J. Donahue, president and CEO, and will be responsible for the Americas and European Divisions. Didier Sourisseau, currently SVP of Food Europe, will be promoted to president of Crown Europe.

 

The Customer Executive of the Year Award is the highest honor that ASPI can bestow on an individual. The award is presented annually to a customer executive who has worked diligently within his company, and with his company’s suppliers, to dramatically increase the benefits to his company of its supplied goods and services.

 

"We’re extremely pleased to welcome Andres to our board," said Peter K. Barker, chair of the Governance and Social Responsibility Committee of the Avery Dennison Board of Directors. "He brings more than 30 years of experience in the global markets for food, beverage, and pharmaceutical packaging."

 

David Hathorn, Group CEO, has informed the company’s boards of his decision to retire. Peter Oswald, currently an executive director and CEO of the Europe & International Division, will succeed Hathorn as Group CEO.

 

Pierre Gignac joins Tembec's Board with broad international experience and expertise in enterprise risk management, corporate governance, corporate social responsibility, and finance.

 

Don’t miss out on this opportunity to learn the latest and greatest in corrugator technology at the 2017 TAPPI Best Practices Course.

 

Showcase your products to more than 150 key decision makers from across the paper industry at Specialty Papers 2017.

 

Improving how you manage the spare parts and materials in your organization reduces maintenance costs, time, and parts inventory.

 

Make your basic or applied research papers accessible to the global academic community with TAPPI Journal.

 

The Tissue 203: Converting System Analysis and Simulation course features an exclusive opportunity to use the latest technology for pinpoint problems and minimize bottlenecks.

 

Preliminary results for TAPPI’s Industry Compensation Survey are now available. Compare your compensation to others, see salary and benefit trends, and evaluate your potential career growth.

 

Are you ready for exponential change? Do you have a strategy for handling the many changes facing your business in the future? Marcus Shingles, CEO at XPRIZE, will give you insight on exponential innovation trends, how they will disrupt industries, and business strategies to navigate the change during his keynote presentation at PaperCon 2017.

 

Sappi North America is searching for a Sr. Research Assistant/Associate Research Fellow in Pulping, Bleaching and Recovery for its Westbrook, Maine location