NEWS

Newark Wire Cloth Co., NJ, has been certified to AS9100 and ISO 9001:2000 standards. BSI Management Systems of Reston, VA, was the registrar. Certification to AS9100 standards included RAB accreditation and an AS9101 score of 98% to the aerospace oasis system. www.newarkwire.com.


National Starch and Chemical Co., part of the ICI Group, sold its US, Canadian and European Vinamul emulsion polymers business to Celanese for $208 million. www.nationalstarch.com.


 Michelman, Inc., Cincinnati, OH, manufacturer of waterbased coatings and additives for the paper industry, bought Kemira’s antiskid and specialty coating lines sold to the paper converter market. www.michem.com.


Concert Industries Ltd. emerged from the Canadian Companies’ Creditors Protection Arrangement Act protection under its new owner, Tricap Restructuring Fund. Concert also delisted from the Toronto Stock Exchange.


Tricap (see above) is owned by Brascan which also holds a 9% stake in Doman, now called Western Forest Products Ltd. Brascan recently bought Weyerhaeuser’s forest holdings in coastal British Columbia. It paid about $C1.5 billion for the 3.6 billion cubic meters of cutting rights.


 IP sold about 1.1 million acres of forestland in Maine and New Hampshire to GMO Renewable Resources for about $250 million. GMO will supply IP’s Maine mills at Jay and Bucksport with fiber. IP’s subsidiary Sustainable Forest Technologies,  Inc. will provide forest management and third-party certification to the Sustainable Forestry Initiative standard. www.internationalpaper.com.


Mitsubishi Paper Mills Ltd. and Chuetsu Pulp and Paper Co. said in January that they will merge as of October 1. The merger will be on an equal basis and aims to expand business "amid severe competition in emerging East Asian countries".


The Freedonia Group, Inc.’s latest survey – Paper Packaging — forecasts that US demand for paper packaging (excluding boxes) will rise 2.3%/y to $8.4 billion in 2008. Rigid paper packaging will outpace the flexible variety for which below-average growth is anticipated because of weak prospects for bags and sacks. Foodservice will show the fastest gains among paper packaging markets. www.freedoniagroup.com


 Plans are reported for building a pulp mill near Collie, Western Australia. Jaakko Poyry is studying the feasibility of such a plan for its clients the privately-owned Griffin Group and Hong Kong-based ARC International Industrial material Co. Ltd. The report, carried in Australia’s The Age newspaper, says the BCTMP mill’s capacity will be between 250,000 and 350,000 tonnes per year with a target market of the Asia-Pacific region, especially China. Another pulp mill is under consideration in Australia, this one in the State of Tasmania. Gunns, a major forest products company, plans the mill for Bell Bay but no final decisions have been made. PI

Back to Current Issue

 
Paper Industry Publishing Office
PO Box 2419, Montgomery, Alabama 36102
Toll Free:1-604-910-1826
Tel: (604) 264-1158  Fax: (604) 264-1367
Publisher: Tim Shaddick
Email: info@paperindustrymag.com