Pulp and Paper

International Paper Reports Fourth Quarter and Full Year 2016 Earnings

International Paper Reports Fourth Quarter and Full Year 2016 Earnings

International Paper (NYSE: IP) today reported full-year 2016 net earnings attributable to International Paper of $904 million ($2.18 per share) compared with net earnings of $938 million ($2.23 per share) for full-year 2015. In the fourth quarter of 2016, the Company reported net earnings of $218 million ($0.53 per share) compared with $178 million ($0.43 per share) in the fourth quarter of 2015. Net earnings in all periods include the impact of special items, if any, non-operating pension expense and discontinued operations.

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Klabin Reports Fourth Quarter, Full 2016 Results

Klabin Reports Fourth Quarter, Full 2016 Results

Klabin reported consecutive growth in its results for the fourth quarter of 2016 and for the fiscal year. The company posted adjusted EBITDA (earnings before interest, tax, depreciation and amortization) of R$653 million in the fourth quarter of 2016, up 8% from same quarter of 2015. In 2016, EBITDA amounted to R$2,287 million, growing 16% compared to 2015.

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BillerudKorsnäs CEO Points to Record Production and Sales in 2016

BillerudKorsnäs CEO Points to Record Production and Sales in 2016

BillerudKorsnäs’ CEO Per Lindberg made the following comments regarding his company’s overall performance in 2016 and said BillerudKorsnäs will focus on sustainable packaging materials and solutions.

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UPM Chief Executive Says 2016 a Financially Record Year

UPM Chief Executive Says 2016 a Financially Record Year

UPM’s President and CEO, Jussi Pesonen, made the following comments about the company’s fourth quarter and full year 2016 results:

“Year 2016 was financially a record year. It demonstrates the results of our transformation and sets the stage for the future: Today’s UPM is earnings growth oriented, capable and financially strong. Now we have the opportunity to seek new horizons and continue to aim higher.

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Domtar to Invest US $25 Million in Project Upgrades

Investment being made at Pennsylvania plants
Domtar to Invest US $25 Million in Project Upgrades

Domtar Corp. will spend about $25 million to convert boilers to natural gas from coal and modernize equipment at two paper plants in Pennsylvania, according to Charlotte Business Journal.

The work will allow the company to retain about 430 jobs in the Johnsonburg paper plant and another nearby paper-converting facility.

The Pennsylvania Commonwealth Financing Authority approved a $1 million grant for a $4 million project to install a three-mile natural gas pipeline to the paper plant. Domtar also gets $75,000 from Pennsylvania for working training.

Tom Howard, Domtar’s vice president of government relations, told Charlotte Business Journal’s Senior Staff Writer, Ken Elkins, that Domtar agrees to also spend $12 million over the coming three years to improve processes, machine controls and efficiency at the Johnsonburg plant. Another $9 million will improve a Domtar paper-converting facility in DuBois, Pennsylvania, about 50 miles from Johnsonburg.

 

Source: Pulp and Paper News

 
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