Verso Paper Corp. Announces Permanent Shutdown of Sartell Mill

Verso Paper Corp. (NYSE:VRS) today announced that after conducting a comprehensive assessment, Verso has made the difficult decision not to reopen its paper mill in Sartell, Minnesota. Verso’s decision is based on the length of time that it would take to rebuild the mill structures and systems that were destroyed in the Memorial Day fire and explosion, and the marketplace challenges that would present.

Friday 03. August 2012

Results for the third quarter ended June 2012 in line with expectations despite tough market conditions. Sappi remains focused on debt reduction, chemical cellulose expansion.

Summary Operating profit excluding special items US$60 million (Q3 2011 US$60 million)

Thursday 02. August 2012

Kimberly-Clark Declares Quarterly Dividend

The board of directors of Kimberly-Clark Corporation (NYSE: KMB) has declared a regular quarterly dividend of 74 cents per share. The dividend is payable on October 2, 2012 to stockholders of record on September 7, 2012.

Thursday 02. August 2012

HarperScientific Produces Cylinder Wrack Custom Plate Cylinder Storage System

HarperScientific division of global anilox roll supplier Harper Corporation of America announces its first rack to store plate cylinders for Mark Andy’s P-Series presses. Because of the unique plate cylinders of the P-Series presses, HarperScientific designed its Cylinder Wrack to provide a storage solution that is equally distinct. The first unit delivered exceeded customer expectations.

Thursday 02. August 2012

Resolute Reports Preliminary Second Quarter 2012 Results

US $ Second quarter adjusted EBITDA of $120 million, up 69% from first quarter

Thursday 02. August 2012

Norske Skog, Second quarter 2012: Lower debt and stable margins

Higher capital utilisation and lower costs strengthen Norske Skog’s gross operating earnings in the second quarter compared with the same quarter last year.

Thursday 02. August 2012

H2 acquires Norske Skog Parenco and recovered paper business

Norske Skog has entered into an agreement to sell its paper mill Parenco in Renkum in the Netherlands and the global recovered paper business, Reparco, to investment firm H2 Equity Partners. Norske Skog expects to release cash from the transaction in the order of EUR 30 millions. The transaction is part of the effort to reduce Norske Skog’s net debt. H2 sees good growth opportunities for the mill, and will consider conversion of the mill to produce packaging paper.

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