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Home » Business News
Business News
Thursday 05. February 2009

UPM’S OPERATING PROFIT FOR 2008 IMPACTED BY HIGH COST OF WOOD AND ECONOMIC DOWNTURN. RESTRUCTURING MEASURES IMPLEMENTED PROMPTLY TO FACE A CHALLENGING YEAR 2009

Earnings per share for 2008 were EUR -0.35 (EUR 0.16), excluding special items EUR 0.42 (EUR 1.00); Operating profit for the year was EUR 24 million (EUR 483 million), excluding special items EUR 513 million (EUR 835 million); Operating loss for the fourth quarter was EUR 286 million (profit of EUR 142 million), excluding special items a loss of EUR 46 million (profit of EUR 194 million).

Thursday 05. February 2009

First license issued in Lithuania for GALA people/lifestyle magazine

The first issue of GALA published under license in Lithuania made its newsstand debut at the end of January 2009.

Thursday 05. February 2009

UPM KAJAANI MILL PREMISES NAMED RENFORSIN RANTA; OVER 400 JOBS ARE BEING CREATED AT THE NEW BUSINESS PARK

The new business park established on the premises of the closed Kajaani paper mill has been named Renforsin Ranta (Shore of Renfors) after a local diversified manufacturer Herman August Renfors (1849-1928).

Thursday 05. February 2009

Domtar to permanently reduce paper manufacturing capacity at its Plymouth, North Carolina mill

Domtar Corporation (NYSE/TSX: UFS) announced today that it will permanently reduce its fine paper manufacturing at its Plymouth, North Carolina mill, by shutting down one of the two paper machines comprising the mill’s fine paper production unit.

Thursday 05. February 2009

UPM’S FINANCIAL REVIEW 2008

Earnings per share for 2008 were EUR -0.35 (0.16) excluding special items EUR 0.42 (1.00)

Thursday 05. February 2009

Domtar Corporation reports preliminary fourth quarter and fiscal year 2008 financial results

Profitability affected by impairment charges and costs related to lack- of-order downtime and machine slowdowns – Fourth quarter net loss of $1.31 per diluted share, loss before items(1) of $0.04 per diluted share – Lack-of-order downtime and machine slowdowns totaling 197 thousand short tons of papers and 100 thousand metric tonnes of pulp – Synergy program successfully completed

Thursday 05. February 2009

Rockwell Automation Declares Quarterly Dividend on Common Stock

Rockwell Automation, Inc. (NYSE: ROK) board of directors declared a quarterly dividend of 29 cents per share on its common stock, payable on March 10, 2009 to shareowners of record at the close of business on Feb. 17, 2009.

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