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Monday, September 06, 2010
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DJ MARKET TALK: Goldman Sachs Ups Nordic Paper Co Target Prices
Dow Jones Newswires 9/6/2010 10:07
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| 1007 GMT [Dow Jones] Goldman Sachs raises Norske Skog (NSG.OS) target price to NOK12.5 from NOK10.9, Holmen (HOLM-B.SK) to SEK189 from SEK155, Stora Enso (STERV.HE) to EUR6.6 from EUR5.5, and SCA (SCA-B.SK) to SEK127 from 114. It retains sell ratings for Holmen and Stora Enso, neutral for Norske Skog and SCA.
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Saturday, September 04, 2010
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Brazilian Pulp & Paper Co Suzano Updates $4.6B Investment Plans
Dow Jones Newswires 9/4/2010 17:00
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| SAO PAULO (Dow Jones)--Brazilian pulp and paper company Suzano Papel e Celulose SA (SUZB5.BR) late Friday provided an update on plans to build two plants in northeastern Brazil, for a total investment of $4.6 billion, later this decade.
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Friday, September 03, 2010
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Fitch: JK Paper Bank Loans At 'A-(ind)'/'F1(ind)'
Dow Jones Newswires 9/3/2010 11:12
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| Fitch Ratings - New Delhi/Mumbai/Singapore - September 3, 2010: Fitch Ratings has today affirmed JK Paper Limited's (JKPL) National Long-term rating at 'A-(ind)'. The Outlook is Stable. The agency has simultaneously affirmed the ratings on JKPL's bank facilities, as follows:
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Currency Rates Of Pulp and Paper Producing Countries
Dow Jones Newswires 9/3/2010 08:13
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| Currency rates of pulp and paper producing countries for September 3, 2010.
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AbitibiBowater Wins Speedy Hearing In $620M Claim Fight
Dow Jones Newswires 9/3/2010 16:05
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| AbitibiBowater Inc. (ABWTQ) Friday won a bid to get a fast ruling on whether it's entitled to consult Canadian courts on the validity of a $620 million claim filed by bondholders.
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DJ MARKET TALK: Oji Paper Down 1.8% On UBS Rating Cut
Dow Jones Newswires 9/3/2010 00:59
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| 0059 GMT [Dow Jones] Oji Paper (3861.TO) down 1.8% at Y385 on UBS rating cut to Neutral vs Buy; although papermakers benefit from strong yen as primarily import materials from overseas, competition intensifies as strong yen allows other paper makers to import cheap paper and sell cheaper in domestic market.
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Thursday, September 02, 2010
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Tembec shuts down permanently its Pine Falls newsprint mill
Dow Jones Newswires 9/2/2010 18:20
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| TEMISCAMING, QC, - Tembec today announced the
permanent closure of its newsprint mill located in Pine Falls, Manitoba.
The mill had been indefinitely idled due to a labour dispute on
September 1, 2009. After examining a full range of options, the Company
initiated a sales process for the mill in early January 2010. |
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Chile Arauco Issues $214.5 Million In 10-Year Bullet Bonds
Dow Jones Newswires 9/2/2010 19:16
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| SANTIAGO -(Dow Jones)- Chilean wood pulp producer Celulosa Arauco y Constitucion SA issued some $214.5 million in 10-year bullet bonds on the local market, the company said Thursday in a note to the local SVS securities regulator.
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Daily Lumber/Plywood Cash Price Guide-Sep. 2
Dow Jones Newswires 9/2/2010 19:08
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| Lumber and plywood mills are said to be trading at the following prices, in dollars. Prices are net fob mill, less 1%. Inland hem-fir 2x4 prices are based on actual shipping weights of 1,550 pounds per 1,000 board feet, and coast hem-fir 2x4s on 1,950 pounds. Spruce is flatcar, paper wrapped. Plywood sheathing and underlayment prices also are net fob, based on a weight of 700 pounds. S-P-F prices include duty charges.
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Chile Arauco Issues $214.5 Million In 10-Year Bullet Bonds
Dow Jones Newswires 9/2/2010 19:01
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| SANTIAGO (Dow Jones)--Chilean wood pulp producer Celulosa Arauco y Constitucion SA issued some $214.5 million in 10-year bullet bonds on the local market, the company said Thursday in a note to the local SVS securities regulator.
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DJ MARKET TALK: CME Lumber Traders Ignore Homes Report
Dow Jones Newswires 9/2/2010 19:05
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| 2:47 p.m. EDT [Dow Jones]--CME lumber futures traders Thursday did not feel the love from the July pending home sales report released by the National Association of Realtors. The report showed a 5.2% rise in pending home sales, but June was revised downward, which deflated the effect of a July rise. |
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Bondholders Dispute AbitibiBowater On Canada Finance Claim
Dow Jones Newswires 9/2/2010 17:59
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Bondholders of an AbitibiBowater Inc. (ABWTQ) Canadian subsidiary Thursday protested the company's "preposterous" race to get a Canadian court to weigh in on the validity of their $620 million claim before the big newsprint maker exits bankruptcy.
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Black Diamond To Kick Off Bidding At White Birch Auction
Dow Jones Newswires 9/2/2010 17:44
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Newsprint maker White Birch Paper Co. received permission to head to the auction block, with Black Diamond Capital Management LLC set to kick off bidding for the company's Canadian paper mills and U.S. plant.
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Nordic Paper Firms Eye Newsprint Joint Venture - Newspaper
Dow Jones Newswires 9/2/2010 08:23
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| STOCKHOLM (Dow Jones)--Nordic paper firms Norske Skog (NSG.OS), Stora Enso (STERV.HE) and Holmen (HOLM-B.SK) are planning to consolidate all or part of their newsprint production into a new joint venture, to remove excess capacity and lift prices in a segment that is suffering heavy losses, according to Finnish newspaper Helsingin Sanomat.
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Currency Rates Of Pulp and Paper Producing Countries
Dow Jones Newswires 9/2/2010 08:13
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| Currency rates of pulp and paper producing countries for September 2, 2010. |
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