INCREASED PAPER CONSUMPTION LINKED TO LITERACY
INCREASED PAPER CONSUMPTION LINKED TO LITERACY
NEW DELHI, INDIA — Consumption of paper in India will double over the next eight years from the current seven million tonnes per year, according to the Indian Paper Manufacturers Association. The increased growth likely will be the result of increasing literacy rates and increased government spending on education.
Narayan Moorthy, secretary general of the IPMA, stated, “The growth in paper is inevitable and is likely to contribute significantly to the government’s target of achieving an overall growth of 12% in manufacturing. Unfortunately, the rising cost of raw materials, primarily wood and wood products, are a big challenge facing the industry.”
WEYERHAEUSER NAMED TO DJSI
FEDERAL WAY, WA — Weyerhaeuser Company announced that it has been named to the Dow Jones Sustainability Index (DJSI), North America — the only North American forest products company in the industry category of basic materials to be so named.
Launched in 1999, the DJSI tracks the market performance of sustainability-driven companies worldwide. The DJSI results provide asset managers around the world with reliable and objective benchmarks to manage sustainability-driven investment portfolios.
SONOCO SUSTAINABILITY SOLUTIONS LAUNCHED
HARTSVILLE, SC — Sonoco, a global supplier of industrial and consumer packaging, has launched Sunoco Sustainability Solutions (S3). This new service, operated under the Sonoco Recycling division, will provide manufacturing facilities with productivity savings by identifying ways to reduce waste materials going to landfills, and increase profitability by finding alternative uses for previously unrecycled wastes.
Sonoco collects approximately 3.5 million tons of recyclable materials annually, including corrugated containers and other paper, plastics, metal and glass. Sonoco Recycling collects and processes recyclable materials at 46 locations on North America and Europe.
POPE & TALBOT FILE FOR PROTECTION
PORTLAND, OR — Pope & Talbot, Inc announced that, in order to address its financial challenges and to support efforts to be a more efficient organization, the company and its U.S. and Canadian subsidiaries have applied for protection under the Companies’ Creditors Arrangement Act (CCAA) of Canada. Pope & Talbot’s Board of Directors, in a unanimous decision, directed the company to take this action as the best alternative for the long-term interests of the company, its employees, customers, creditors, business partners and other stakeholders.
“We want to assure our customers and employee colleagues that Pope & Talbot is taking all available steps to allow its business to continue operating as a going concern,” said Harold Stanton, president and CEO. “Our customers can continue to rely on Pope & Talbot to supply their critical business needs. This protection is a necessary and responsible step for the company at this time.”
Pope & Talbot cites the causes for the financial challenges are persistent record low demand for lumber, high prices for pulp chips and sawdust and the appreciation of the Canadian dollar.
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