Momentive Specialty Chemicals Inc. and UPC Technology Corporation Begin Construction of Phenolic Resins Joint Venture Facility in China

Momentive Specialty Chemicals Inc. (“Momentive Specialty Chemicals”), a leading global producer of specialty chemicals and materials, and UPC Technology Corporation (“UPC”), a leading Greater China-based producer of specialty chemicals, have recently broken ground on a joint venture manufacturing facility. The facility will produce specialty phenolic resins and be operated by Zhenjiang Momentive Union Specialty Chemicals Ltd. established in Zhenjiang, mainland China in August 2012 by Momentive Union Specialty Chemicals Ltd. (MUSC), the joint venture incorporated in Hong Kong in March 2012.

Friday 02. November 2012

Norske Skog, Third quarter 2012: Good cash flow and lower debt

Good capacity utilisation, with high export levels and lower costs, counteracted the effects of the weak market development in Europe and Australia. The significant reduction in debt was a result of strong cash flow.

Friday 02. November 2012

Metsä Board Corporation’s operating result excluding non-recurring items was EUR 49 million in January-September 2012

Metsä Board Corporation Interim Report 1 January-30 September 2012, 1 November 2012 at 12 noon

Friday 02. November 2012

Torraspapel at the World’s Largest Beverage Industry Event with its Line of Metalvac Metallized Papers

Brau Beviale 2012 will be held in Nuremberg, Germany, from November 13-15.

Friday 02. November 2012

Metso to supply board machine rebuild for Obeikan Paper Industries in Saudi Arabia

Metso will rebuild the PM 1 cartonboard machine at the Riyadh mill of Obeikan Paper Industries in Saudi Arabia. The rebuilt production line will be fully operational in the middle of 2013. The value of the order will not be disclosed.

Friday 02. November 2012

Resolute Forest Products Issues Sustainability Report for 2011 Performance

Resolute Forest Products (NYSE: RFP) (TSX: RFP) released its Sustainability Report for 2011 Performance today, detailing Company efforts to balance environmental, social and economic considerations. The report also publicly introduces Resolute’s first company-wide sustainability strategy which has three primary areas of focus:

Friday 02. November 2012

UPM-Kymmene Corporation has launched arbitration proceedings against Metsä Board Corporation

Metsä Board Corporation, a part of Metsä Group, divested on 3 May 2012 a 7.3 percentage point shareholding in Metsä Fibre Oy to Japan-based Itochu Corporation for EUR 138 million. At the same time Metsäliitto Cooperative, divested 17.6 percentage points of their holding in Metsä Fibre to Itochu. Metsä Board’s parent entity Metsäliitto had exercised on 24 April 2012 its call option pursuant to an amendment to the shareholders’ agreement to purchase the UPM-Kymmene Corporation’s 11 percentage holding in Metsä Fibre.

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