| PAPER INDUSTRY NEWS - SEPTEMBER 2000 |
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This page contains pulp and paper industry news for September 2000
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NEWS SEPTEMBER 2000
Norampac Inc. Acquires Armor Box Corporation
MONTREAL, Sept. 27 /CNW/ - Norampac Inc., a joint venture owned by Cascades Inc. (TSE, symbol CAS) and Domtar Inc. (TSE, symbol DTC) has entered into an agreement to acquire the assets of Armor Box Corporation (``Armor Box''). Armor Box operates a corrugated products converting plant with an annual production capacity of 600 million square feet. The plant, located in Buffalo, New York, is equipped with state-of-the-art presses and has a well-established customer base. The transaction, which is expected to close on October 1st, stipulates that the two main shareholders of Armor Box, Mr. Anthony H. Gioia and Mr. Richard E. Gioia, will act as consultants for a one-year period in order to ensure the smooth transition of the operations.
For complete news Go To http://www.newswire.ca/
Jefferson Smurfit Makes Additional Acquisition in Argentina
BECOMES NUMBER TWO CORRUGATED PRODUCER Dublin, 27 September, 2000:
Sept. 27, 2000 Jefferson Smurfit Group plc (the "Group" or "JSG") today announced that Smurfit Argentina SA, a subsidiary of the Group, has acquired a group of companies in Argentina: Cartonex S.A., Cartonex Bernal S.A., and Usina Bernal S.A. The total consideration is US$13 million which includes assumed debt.
The new operations comprise two corrugated plants with a combined annual production capacity of 50,000 tonnes and a recycled containerboard mill with annual production capacity of 70,000 tonnes. Last July, JSG acquired another corrugated company, Fábrica Argentina de Cartón Corrugado ("FACCA"), with annual production capacity of 40,000 tonnes.
For complete news Go to http://www.smurfit.ie/
Tembec Inc. Announces The Official Opening Of Its $10.7 Million Cranbrook, B.C. Value Added Centre
CRANBROOK, B.C., Sept. 26 /CNW/ - Tembec Industries Inc. is pleased to announce that the official opening of its Value Added Centre located in Cranbrook, B.C., will take place at 1:00 p.m. (MST) September 27, 2000.
The $10.7 million value added secondary manufacturing centre (VAC) was built on the former sawmill site in Cranbrook, B.C., which was shut down by Crestbrook Forest Industries in 1998 due to a reduction to the wood supply in the East Kootenay region of British Columbia.
For complete news Go to http://www.tembec.ca/english/
American Tissue Inc and Its Affiliates Purchase the Assets of Global Tissue
American Tissue Inc., the fourth largest tissue manufacturer in the United States, announced today that the Company and its affiliates have purchased the assets of Global Tissue LLC, located in Memphis, Tennessee. The acquisition of the Global assets will bring the affiliated groups' United States tissue production to 450,000 tpy.
For complete news Go To http://www.americantissue.com/
Hercules & National Starch and Chemical Announces Marketing Alliance to Service the Papermaking Industries
Wilmington, Del, September 25, 2000 -- National Starch and Chemical Company and the Pulp and Paper Division of Hercules Incorporated (NYSE: HPC) have formed a strategic marketing alliance for the sale of over 300 million pounds of National’s papermaking chemicals starch product line. The agreement covers the U.S., Canada and Europe, and will be effective January 1, 2001. Terms were not disclosed.
For complete news Go to http://www.herc.com
Kimberly-Clark Strategic Update
Chairman and CEO Sanders' Presentation at Banc of America Conference On September 22, 2000
DALLAS, Sept. 22 /PRNewswire/ -- Kimberly-Clark Corporation (NYSE: KMB) announced that Chairman and CEO Wayne R. Sanders spoke at Banc of America's Annual Investment Conference in San Francisco earlier today. In his presentation, he provided investors an overview of the company and its strategic priorities.
For complete news Go to http://www.Kimberly-clark.com/
American Pad & Paper Receives Court Approval for Sale of Two Division to an Affiliate of American Tissue Inc.
DALLAS, Texas, September 20, 2000, -- American Pad & Paper Company (OTCBB:AMPPE) (AP&P) said today it has received bankruptcy court approval for the sale of its Ampad and Forms divisions to an affiliate of American Tissue Inc. AP&P and American Tissue previously announced the asset sale agreement for $67.1 million on August 2, 2000. The sale is expected to close during the next few weeks.
For complete new Go to http://www.d-press.com
Kimberly-Clark Revolutionizes Industry With Next Generation Napkins
New Scott(R) MEGACartridge System Reduces Run-Out, Controls Waste in Foodservice Establishments
ROSWELL, Ga., Sept. 19 /PRNewswire/ -- How many times have you ordered lunch for one, but grabbed enough napkins for a table of 12? Probably a lot, which leads to empty dispensers, more refills, wasted napkins, and extra labor to refill the system. Or how about trying to get jammed in napkins out of a dispenser and getting pieces, which is not only frustrating but leaves a mess all over the floor? Kimberly-Clark's Away From Home Sector has tackled the great napkin dilemma with a revolutionary new system -- the Scott® MEGACartridge napkin system which offers over three times the capacity of a standard table top dispenser while vertically dispensing napkins one-at-a- time.
For complete news Go to http://biz.yahoo.com/
Mead Signs As ForestExpress Equity Partner
Leading Forest Products Company Commits to Open e-Marketplace
09/19/2000 , ForestExpress, the global business-to-business electronic marketplace for the forest products industry, today announced The Mead Corporation, a leading North American forest products company, joins ForestExpress as an equity partner. Mead joins as the fourth equity partner along with the company's founding partners, Georgia-Pacific Corp., International Paper and Weyerhaeuser Company.
For complete news Go to http://www.mead.com/
Stora Enso to Acquire Tetra Pak's Forshaga Production Unit
Sep. 19, 2000, Stora Enso has today signed a letter of intent to buy Tetra Pak's Forshaga packaging material production unit in Sweden. Tetra Pak intends to transfer production of semi-finished material from Forshaga to its plant in Singapore.
Stora Enso will change Forshaga’s product line to mainly PE-coating of gable top liquid packaging board. Stora Enso will be offering employment to about a hundred of Forshaga's current 240 employees. The acquisition supports Stora Enso's product strategy and will increase Stora Enso's PE coating capacity from 350,000 tonnes to 500,000 tonnes per year. The transaction is expected to have been completed by 30 June 2001.
For complete news Go to http://www.storaenso.com/
Mead To Close Containerboard Facility in Atlanta
Transferring Operations To Other Mead Facilities
DAYTON, OH – September 18, 2000 — The Mead Corporation (NYSE:MEA) today announced plans to close the Mead Containerboard converting facility located in Atlanta, Georgia, by November 30, 2000. Selected sales, manufacturing and customer service activities will be transferred to other Mead Containerboard facilities. After the closure, the business will operate seven converting facilities in North America and a corrugating medium mill in Stevenson, Alabama.
For complete news Go to http://www.mead.com/
International Paper Reports Improvements in 1999-2000 Environment, Health and Safety Performance
PURCHASE, N.Y., Sept. 15 /PRNewswire/ -- International Paper has announced a more than 80 percent reduction in environmental incidents during the past seven years, according to a report released earlier today. The company also reported a 30 percent reduction in Toxic Release Inventory (TRI) direct releases during 1999 and set a new goal of a 40 percent reduction by year-end 2000. Full details are available in the company's eighth Environment, Health and Safety Annual Report.
For complete news Go to http://www.internationalpaper.com/
Riverwood International Announces Additional Downtime at its Two US Mills
ATLANTA, Sept. 15 /PRNewswire/ -- Riverwood International Corporation, a leading provider of paperboard and packaging solutions, today announced that additional downtime of short durations will be taken at its two U.S. mills during September and October, 2000.
At Riverwood's Macon, Georgia mill, Paper Machine No. 1 will be down the week of September 25th. Paper Machine No. 2 will be down the week of October 23rd. Both machines produce Coated Unbleached Kraft (CUK) board and Linerboard. The additional planned downtime will reduce Macon production by approximately 5,000 tons of CUK and 5,000 tons of Liner.
For complete news Go to http://biz.yahoo.com/
Hercules Sells Resins Business to Eastman
WILMINGTON, DE, September 14, 2000 . . . Hercules Incorporated (NYSE: HPC) announced today that Eastman Chemical Company has signed a letter of intent to buy its hydrocarbon resins and select portions of its rosins resins businesses. The sale is dependent on approval of both companies' boards of directors as well as regulatory review. Terms were not disclosed.
For complete news Go to http://www.herc.com/
A Toilet Paper Milestone
ROSWELL, Ga., Sept. 14 /PRNewswire/ -- The year 2000 is mostly known for the onset of the new millennium, but it also marks the 15th anniversary of something many people take for granted -- those Jumbo Roll toilet paper dispensers found in airports and restaurants, hospitals and health clubs, and just about everywhere in between. Over 15 years, that amounts to a lot of toilet paper.
To mark this occasion, the product's manufacturer, Kimberly-Clark Corporation, is giving away 1,000 tape dispensers designed to look like jumbo roll toilet paper dispensers. The company is also donating 1,500 rolls of toilet paper to Acadia National Park and contributing $3,000 to the National Park Foundation.
"What better way to help people enjoy the great outdoors than to assist them when nature calls,'' says Lori Morell, Kimberly-Clark tissue category manager. The first 1,000 people who respond to this offer will receive a free commemorative tape dispenser. Requests should be sent to Kapnek Comm., 2300 Computer Avenue, Suite E29, Willow Grove, PA 19090.
SOURCE: Kimberly-Clark Away From Home Sector
Boise Cascade in Top 10 of the 500 Most Innovative Users Of Information Technology Listed by CMP's InformationWeek Magazine
BOISE, Idaho, Sept. 13 /PRNewswire/ -- Boise Cascade Corp. (NYSE: BCC) has been named one of the nation's most innovative users of information technology by CMP's InformationWeek magazine in its 12th annual InformationWeek 500 issue published this week.
Seen as the information technology industry's annual report card, the InformationWeek 500 ranking is the only one of its kind based on both the size and complexity of installed information technologies, as well as on the tangible business benefits created by technology.
In a feature article, InformationWeek also noted that "a penchant for simplicity works at Boise Cascade."
For complete news Go to http://www.prnewswire.com/
Tembec Obtains Exclusivity From LaRochette S.A. To Purchase Two Pulp Mills In France
TEMISCAMING, September 12 /CNW/ - Tembec Industries Inc. announced today that it is in advanced negotiations with LaRochette S.A. of France, and has been granted exclusivity to conclude a transaction to acquire all of the shares of its two wholly-owned subsidiaries, Cellurhône and Pyrénécell, for Euro 122 million. The purchase price includes working capital of Euro 34 million. As part of the proposed transaction, LaRochette S.A. will be entitled to receive potential additional payments up to a maximum of Euro 61 million over the next three years under a ``Contingent Value Right''. Cellurhône operates a market Kraft pulp mill in Tarascon, France with an annual capacity of 270,000 tonnes, while Pyrénécell operates a market Kraft pulp mill in Saint-Gaudens, France with an annual capacity of 280,000 tonnes.
For complete news Go to http://www.newswire.ca/
Willamette Begins Operation of Port Wentworth Pulp Mill
PORTLAND, Ore., Sept. 11 /PRNewswire/ -- Willamette Industries, Inc. (NYSE: WLL) began operation of its Port Wentworth, Ga., hardwood pulp mill on Sept. 5. The mill, which had been closed nearly two years, was purchased by Willamette from Smurfit-Stone Container Corporation in May of this year.
According to Jim Myers, Willamette's vice president of pulp and white paper mills, the mill employs approximately 150 people and is running 24 hours a day, seven days a week. Pulp from the mill is sold to domestic and export markets.
For complete news Go to http://www.prnewswire.com/
AssiDomän Buys Corrugated Companies in Finland
Sept. 08, 2000 AssiDomän has acquired three sheet plants in Finland. The new units, which are located in Helsinki, Tampere and Seinäjoki, have a total annual turnover of approximately MSEK 60 and employ 45 people.
Organisationally, the Finnish plants will be part of AssiDomän Förenade Well.
"The acquisition of the Finnish plants means that we are now represented in an additional attractive market and can also meet demands from customers who want to make their purchases from one and the same supplier throughout the Nordic region," says Lars Heidenberg, Managing Director of AssiDomän Förenade Well.
For complete news Go to http://www.asdo.se/english/
Caraustar Industries, Inc. Announces Acquisition of Arrow Paper Products
ATLANTA, Sept. 7 /PRNewswire/ -- Caraustar Industries, Inc. (Nasdaq: CSAR) announced today that it has completed the acquisition of Arrow Paper Products company of Saginaw, Michigan. Arrow operates two tube and core converting facilities that serve customers in the automotive, film, housewares and other specialty tube and core markets.
For complete news Go to http://www.corporate-ir.net
GREIF BROS. Corp. Announces Record 3Q Results
Net Sales Increased 15.2%; Net Income Up 72.6%
DELAWARE, OH (September 7, 2000) - Greif Bros. Corporation (NASDAQ: GBCOA/GBCOB), a leading manufacturer of industrial shipping containers, containerboard and corrugated products, along with timber properties, today reported record results for the three months and nine months ended July 31, 2000.
For complete news Go to http://www.greif.com/
Bayer to Acquire Paper Chemicals Business of Cytec Industries Inc.
Deal marks entry into U.S. process chemicals market
Tuesday - September 5, 2000 Leverkusen – The Bayer Group, based in Leverkusen, Germany, plans to purchase the paper chemicals business of the U.S. specialty chemicals manufacturer Cytec Industries Inc. of West Paterson, N.J., for approximately $90 million. An agreement to this effect has now been signed by the two companies. According to Dr. Richard Pott, General Manager of Bayer's Specialty Products Business Group, the acquisition "will provide Bayer with the latest technology and access to the U.S. market for process chemicals. At the same time, it will strengthen our global position in paper sizing agents." The transaction – which is subject to the approval of the Bayer Supervisory Board and the relevant antitrust authorities – will also broaden the product portfolio of Bayer's Paper Industry Business Unit.
For complete news Go to http://www.news.bayer.com/
FiberMark Announces Sale of Selected Filter Volume and Assets
BRATTLEBORO, VERMONT—September 5, 2000— FiberMark, Inc. (NYSE:FMK) today announced that it has agreed to sell a portion of the company’s filter media volume manufactured at its leased Richmond, VA facility, together with some production equipment, to Ahlstrom Paper Group. The company plans to transfer the remaining Richmond volume to other FiberMark facilities and to close the Richmond facility during 2001.
For complete news Go to http://www.fibermark.com/
Westvaco Adds to Global Packaging Business with European Transaction
Company sees synergies and growth opportunities in deal with Alfred Wall AG
NEW YORK, NY, September 5, 2000 -- Westvaco Corporation (NYSE: W), today announced a definitive agreement to acquire a majority interest in Alfred Wall AG, a leading European supplier of consumer packaging based in Graz, Austria. Terms of the transaction were not disclosed.
"Wall is an outstanding fit with our expanding global consumer packaging business," said John A. Luke, Jr., Chairman and CEO of Westvaco. "The company became a leader in European consumer packaging markets by building superior manufacturing capabilities and emphasizing quality and innovation in its products and services."
For complete news Go to http://www.westvaco.com
SCA Invests in Incontinence and Corrugated Board Segments
In line with the Group’s growth strategy, SCA is carrying out two projects in the incontinence area and three in packaging.
Incontinence
Sept. 01, 2000 SCA is adopting a new technology for production of incontinence products concurrent with the launch of so-called pants diapers in the mild incontinence segment. The technology shift results in lower production costs, improved productivity and the possibility for more rapid product changes. The measures are aimed at SCA maintaining and reinforcing its market-leading position on the strength of high development pace and low production costs.
For complete news Go to http://www.sca.se/
Stora Enso Acquisition of Consolidated Papers Completed
[Aug. 31, 2000] The merger of Stora Enso Oyj and Consolidated Papers, Inc. has been consummated, completing Stora Enso’s acquisition of Consolidated Papers effective 31 August 2000. Stora Enso’s ADSs will begin regular trading on the New York Stock Exchange 13 September 2000 under the trading symbol SEO.
Dexter Announces Closing of Sale of Nonwovens Business To Ahlstrom Paper Group
WINDSOR LOCKS, Conn., Aug. 31 /PRNewswire/ -- Dexter Corporation (NYSE: DEX - news) today announced the completion of its previously announced sale of Dexter Nonwoven Materials to Ahlstrom Paper Group Oy. In the transaction Ahlstrom paid Dexter $275 million in cash.
Closing of the sale to Ahlstrom was one of the conditions to consummation of the previously announced merger of Dexter and Invitrogen Corporation (Nasdaq: IVGN - news) and the previously announced merger of Dexter's 75% owned subsidiary, Life Technologies, Inc. (OTC Bulletin Board: LTEK - news), with Invitrogen. The two mergers with Invitrogen are subject to, among other things, the approval of the Invitrogen mergers by the Invitrogen, Dexter and Life Technologies stockholders at meetings to be held on September 14, 2000.
For complete news Go to http://www.ahlstrom.com
Perkins Papers Ltd. to Acquire Wyant Corporation
Candiac (Quebec) August 30, 2000 -- Perkins Papers Ltd. (TSE, symbol: PKN), a subsidiary of Cascades Inc. (TSE, symbol: CAS) and Wyant Corporation (NASDAQ Small Cap, Symbol: WYNT) announced today that they have entered into a definitive agreement whereby Perkins Acquisition Corp., a wholly-owned subsidiary of Perkins, will make a tender offer for all of the issued and outstanding shares of common stock of Wyant for US$4.00 per share in cash. Pursuant to this agreement, and promptly following the tender offer, Perkins Acquisition Corp. will merge with Wyant resulting in Wyant becoming a wholly-owned subsidiary of Perkins.
For complete news Go to http://207.253.165.188/perkin
SCA Modernizing it’s SC Paper Mill in Laakirchen, Austria
Aug. 30, 2000 In an effort to capitalize on a unique opportunity for continued value appreciation of the operations in the paper mill at Laakirchen, a modernization project will be implemented. An older paper machine (40 years), with a capacity of 90,000 tonnes, will be shut down and replaced by a new machine with an annual capacity of 240,000 tonnes, also fully intended for production of high-quality, so-called SC-A paper. Since the mill’s infrastructure for pulp supply and other functions is also sufficient for the increased capacity of 150,000 tonnes, the investment cost can be limited to EUR 225 M, or about EUR 900 per installed tonne of annual capacity. This is about half of the investment level made by the industry in the area in recent years.
For complete news Go to http://www.sca.se/
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