Baldwin Technology Company, Inc. (NYSE Amex: BLD), a leader in process automation technology for the global printing industry, announced today that it received orders in June totaling approximately $1.7 million from Japanese newspaper publishers.
Metso will deliver a front-end system, comprising wood handling and fiber preparation system, for fiber board production to Berneck, Curitibanos, Santa Catarina state in Brazil. Start-up is scheduled for the third quarter of 2011. The order value is below EUR 10 million. The order is included in Paper and Fiber Technologys Q2 orders received.
BASF Coatings GmbH and Henkel AG & Co KGaA have signed a joint venture agreement to develop innovative corrosion protection solutions for the automotive industry. The 50/50 venture, pending approval of the German anti-trust authorities, will be headquartered in Düsseldorf. The joint venture is anticipated to launch in early 2011.
UPM today sold to the State of Minnesota Department of Natural Resources a conservation easement on 187,876 acres (76,000 hectares) of UPM-owned forest land in Northern Minnesota. UPM will receive USD 44 million (approximately EUR 36 million) for the easement and will record a pre-tax capital gain of USD 42 million (approximately EUR 34 million) in the Company’s third quarter result.
On the heels of Hewlett-Packards announcement of its new HP Electroink White, the industrys first white ink for sheet-fed digital presses, Mohawk has launched its Mohawk Studio Collection.
New Green Disposable Pens to Use Cereplast Compostables Resins
Metso and Myllykoskis MD Plattling mill have signed a frame agreement for the maintenance operations at MD Plattling paper mill in Plattling, Germany. The multi-year agreement will become effective as of January 1, 2011.
