BASF to build a new plant for high performance Ultramid in China
Polymerization capacity of 100,000 metric tons per year, start-up in 2015
Polymerization capacity of 100,000 metric tons per year, start-up in 2015
Orchids Paper Products Company (NYSE MKT: TIS) today reported second quarter 2013 financial results.
Catalyst Paper (TSX:CYT) reported a net loss of $28.0 million ($1.93 per common share) for the second quarter of 2013, a period heavily impacted by maintenance downtime. Before specific items, the net loss was $18.1 million. Specific items in Q2 included a $2.1 million gain on the sale of the Elk Falls industrial site, a non-cash loss on the mandatory redemption of Exit Notes of $2.3 million and a $9.6 million non-cash loss on the effect of foreign exchange on our US dollar denominated debt. This compares with the Q1 net loss of $9.8 million ($0.89 per common share) and $11.6 million net loss before specific items.
Tissue World gaining momentum
Sun Chemical Performance Pigments has made an important and critical investment in Brazil and Latin America by expanding its dedicated regional sales and service team, local warehousing, and lab support for its pigment products dedicated to the coatings, cosmetics, inks, plastics and specialties markets.
James Hannan, Chief Executive Officer of Georgia-Pacific, has been named the 2013 North American CEO of the Year by RISI, the leading information provider for the global forest products industry. The award will be presented at the 28th Annual RISI North American Forest Products Conference on October 7-9, 2013, in San Diego, California.
Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced that it has entered into an agreement to sell its Ariva business in the United States to privately-held Central National-Gottesman Inc. The business will be integrated into Lindenmeyr Munroe (“Lindenmeyr”), a division of Central National-Gottesman, and the transaction is expected to close at the end of July 2013, subject to customary closing conditions.