Orient Paper, Inc. (AMEX: ONP) (“Orient Paper” or the “Company”), a leading manufacturer and distributor of diversified paper products in northern China, today announced financial results for the third quarter ended September 30, 2012.
Approval will allow the Company to begin voting on the Plan
Total investment of 150 million will create more than 400 new jobs
18% Sales Growth, 31% E.P.S. Growth and Record Q3 Cash Flow
Summary — Net profit US$107 million (Q4 2011 net loss US$127 million) — Earnings per share of 21 US cents (Q4 2011 loss per share 24 US cents) — Operating profit excluding special items US$118 million (Q4 2011 US$80 million) — Net cash generated US$203 million (Q4 2011 US$279 million) — Targeted net debt level reached a year early – US$1,979 million
Kodak has awarded the SWORD iJET Gloss from Mitsubishi Paper Mills (MPM) a 5 Diamond rating on the Paper Rating Program for KODAK PROSPER Presses, the highest rating within the Paper Rating Program. The Kodak 5 Diamond rating is awarded to a media that equates to “offset quality” within the rating structure. MPM has collaborated closely with Kodak in the United States as well as in Japan in order to develop a product that meets such a high rating distinction.
The World Business Council for Sustainable Development (WBCSD) today announced that Eastman Chemical Company has joined its membership. The company will be closely involved with the WBCSD’s new Chemical Sector, “Reaching Full Potential” project.
