“We close the second quarter of 2012 with a mixed report. Both cash flow and liquidity continued to improve year-on-year whereas operational EBIT remained at about the level of the first quarter, as we also guided in April.
As a result of a strategic review, UPM has decided to sell the UPM Tilhill Landscape and Arboricultural businesses.
PE Paper Escrow GmbH (“PE Paper”, “we”, “us”, or the “Company”), a wholly-owned subsidiary of Sappi Limited, announces the results of its offer to purchase for cash (the “Offer”) up to $700 million principal amount of its outstanding U.S. dollar-denominated 12.00% Senior Secured Notes due 2014 (the “Dollar Notes”) and euro-denominated 11.75% Senior Secured Notes due 2014 (the “Euro Notes” and, together with the Dollar Notes, the “Notes”). The Offer was made upon the terms and subject to the conditions set forth in the offer to purchase dated June 20, 2012, as amended (the “Offer to Purchase”) and the related Letter of Transmittal also dated June 20, 2012. Capitalised terms used in this announcement have the meanings ascribed to them in the Offer to Purchase and the related Letter of Transmittal.
Weyerhaeuser Company (NYSE: WY) today announced its sustainability performance and progress for 2011 is available online. The website details Weyerhaeuser’s sustainability strategy, which supports its vision to deliver superior sustainable solutions for the world. The current strategy builds upon the company’s past sustainability performance, with an expanded set of commitments that are further integrated into business planning and processes.
Avery Dennison announced today that 15 graphic installers passed the Avery Dennison Car Wrap Certification exams given in Canada and the U.S this year. The certification is a two-part test that includes a written exam and hands-on vehicle wrap installation demonstration. Since launching the program in 2011, over 40 installers across the U.S. and Canada have joined been achieved Avery Dennison Car Wrap Certification.
Gannett Publishing Services has further demonstrated the need to stabilize critical equipment to guarantee production up time and minimize waste by placing another order with Harland Simon. The project will replace the aging ink and damp controls on 3 Goss Metro presses at the Asbury Park Press, NJ facility.
Rhin-O-Tuff is extending to 3 years their unlimited (except for dies/tools which offer their standard 1 year warranty) machine warranty. With over 30,000 units installed worldwide and 98% of the equipment recyclable, Rhin-O-Tuff is justifiably proud of its acknowledged reputation for tough and durable products, made exclusively in Boise, Idaho, USA.
