Apr. 25, 2018 - West Fraser Timber Co. Ltd. has reported its first quarter 2018 results. The highlights include: earnings of $197 million or basic EPS of $2.53; adjusted earnings of $231 million or Adjusted basic EPS of $2.98; and reinvested $104 million through capital expenditure and returned $58 million to shareholders through share buybacks and dividend.
Published in Financial Reports
Apr. 25, 2018 - Irving Pulp and Paper and Irving Tissue of Saint John, N.B., says it will undergo a $40-million investment. Eighty-four New Brunswick companies will be working on the modernization, accounting for $29 million of the investment.
Apr. 25, 2018 - Canfor Pulp Products Inc. (CPPI) reported first quarter 2018 results and quarterly dividend.
Published in Financial Reports
Apr. 23, 2018 - Corner Brook Pulp and Paper has cut its 44-year business relationship with harvesting contractor Arthur Fowlow Ltd. this month. An estimated 24 jobs will be eliminated as the paper company looks to save money, CBC reports.
Apr. 20, 2018 - BAP Industries of Guatemala will construct and operate what it says is the world’s first bamboo bio-refinery and associated paper mill, located in Nicaragua close to the bamboo raw resource. The facility, it says, will have the capacity to process up to 250,000 metric tonnes of bamboo annually into a range of 100 per cent bamboo toilet, tissue and cleaning papers.
Apr. 19, 2018 - West Fraser announced today its senior leadership transition plan. Ted Seraphim plans to retire as chief executive officer at the end of the second quarter of 2019, and Ray Ferris, executive vice-president and chief operating officer, has been appointed president and chief operating officer effective immediately. West Fraser says he will be appointed chief executive officer upon Seraphim’s retirement next year.
Apr. 16, 2018 - Resolute Forest Products Inc. today announced that a tentative four-year agreement has been reached with Unifor, subject to ratification by their members.
Published in Labour Relations
Apr. 15, 2018 - UPM has sold its Myllykoski mill site and premises in Kouvola, Finland, to real estate developer Redeve Oy.
Apr. 13, 2018 - SunPine is investing SEK 250 million in a new production plant adjacent to the company’s existing plant at Haraholmen in Piteå, which is expected to increase tall diesel production capacity by 50 per cent.
Apr. 13, 2018 - Grupo Gondi, a paper packaging company in Mexico, has entered into a contract with Voith to supply a new paper machine with an annual production capacity of 400,000 metric tonnes.
Published in Supplier News
Apr. 10, 2018 - Global producer of specialty chemicals Solenis has introduced its new MicroSol advanced retention and drainage solutions designed to help printing and writing paper producers “stay competitive through increased productivity and superior product offerings,” it says.
Published in Chemicals
Apr. 10, 2018 - Mohawk Fine Papers, a privately owned manufacturer of fine papers, envelopes and specialty materials for printing, has purchased Crane Stationery Corp. for an undisclosed amount. The acquisition includes all three premium Crane brands: Crane & Co., William Arthur and Vera Wang.
Apr. 5, 2018 - Sappi is introducing the second generation of Sappi Seal, describing it as a flexible packaging paper with improved sealing properties and increased sustainability.
Apr. 4, 2018 - A new fluidized bed combustion system is offsetting tipping fees at an Ontario recycled paper mill. In operation for more than a year, a Precision Energy Services (PES) sludge-to-energy system at Atlantic Packaging’s Whitby mill processes 100,000 tonnes per year of paper mill sludge that was previously being sent to local area landfills, eliminating the cost of sludge disposal and reducing the cost of fossil fuels by the offset generation of plant steam.
Published in Equipment & Systems
Apr. 3, 2018 - At PaperWeek Canada 2018 in Montreal, Que., I attended a reliability session on February 7; two of the presentations were given by J.D. Irving employees on how they improved reliability in their paper mill in Saint John, N.B. There has been a focus on fostering a sustainable reliability process over the last several years, which has had an impressive payback. The first of these presentations was given by Tony Bass and Sean McKinley, both lubrication technicians at the mill.
Published in Maintenance
Apr. 3, 2018 - Supremex of Montreal, Que., has appointed Guy Prenevost as chief financial officer and corporate secretary effective April 16, while also nominating two new directors in Nicole Boivin and Steven Richardson. The directors are to be elected at the company’s upcoming Annual General Meeting to be held on May 9.
Mar. 29, 2018 - The Sofidel Group, an Italian tissue paper manufacturer for sanitary and household uses, is expanding its production capacity in the U.S. with its latest investment.
Mar. 29, 2018 - Valmet will supply a multifuel power boiler and auxiliary process equipment to Kipas Holding’s greenfield paper mill in Söke, Turkey.
Published in Supplier News
Pulp mill hit with $241K fine for safety violationApr. 20, 2018 - British Columbia’s Skookumchuck Pulp mill has…
West Fraser CEO Ted Seraphim announces retirementApr. 19, 2018 - West Fraser announced today its senior…
BAP announces “world’s first” bamboo bio-refinery and paper millApr. 20, 2018 - BAP Industries of Guatemala will construct…
Irving Pulp & Paper, Irving Tissue commit to $40M investmentApr. 25, 2018 - Irving Pulp and Paper and Irving…
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