The energy company Pohjolan Voima Oy, the State of Finland and the Mutual Pension Insurance Company Ilmarinen are negotiating on the sale of Pohjolan Voima’s 25% shareholding of Fingrid, the Finnish electricity transmission system operator.
South Korea’s leading metal decorative printer, Daesung Metal Printing, is now using Trelleborg’s recently upgraded Vulcan Metal Deco blankets following ‘astonishing results on our toughest job.’ Daesung had been working closely with local Trelleborg distributor, Hwasung Major, while trialling an earlier version of Vulcan Metal Deco on its Mailander and Fuji Primex presses.
Following on from the installation of a Speedmaster XL 75-5+L, a five colour B2 press, TG Print has taken delivery of a basic.fc filtration and alpha.r reverse osmosis system. These products designed to maximise the efficiency of the dampening system, critical for print quality and productivity, are seen as the ‘belt and braces’ to ensure optimum press efficiency by the Woolwich company.
RBP Chemical Technology has acquired substantially all of the assets of New England Newspaper Supply Company (NENSCO) of Millbury, Massachusetts.
Verso Paper Corp. (NYSE: VRS) announced today that, pursuant to the previously announced tender offer of its subsidiary Verso Paper Holdings LLC (“Verso Holdings”), Verso Holdings received tenders from the holders of $310,415,000 aggregate principal amount of the 9?% second priority senior secured fixed rate notes due 2014 issued by it and Verso Paper Inc. (the “Notes”) prior to the early tender payment deadline on January 25, 2011, at 5:00 p.m., New York City time (the “Early Tender Date”). The tenders for the Notes received by Verso Holdings prior to the Early Tender Date represent approximately 92.1% of the outstanding Notes.
The investment, totaling over 23 million Euros, includes the opening of a modern logistics hub in the center of Europe.
Stora Enso will record on its operating profit, in addition to the EUR 223 million positive non-recurring items (NRI) announced on 20 December 2010, a EUR 21 million negative NRI in its fourth quarter 2010 results related to performance-based rewards that were not paid due to illegal strikes in Finland in 2005-2009. This new NRI is a provision with cash impact. The NRIs in the fourth quarter of 2010 total a positive EUR 202 million.
