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International Paper Company Statement Regarding Possible Offer for Smurfit Kappa Group plc

Thu, 08/03/2018 - 11:39
Memphis, Tenn. – Mar 8,2018--Further to the announcement by Smurfit Kappa Group plc ("Smurfit Kappa"), International Paper Company confirms that it has submitted a proposal to acquire the entire issued and to be issued share capital of Smurfit Kappa (the "Proposal"). Under the terms of the Proposal, Smurfit Kappa shareholders would be entitled to receive €22.00 in cash and 0.3028 new International Paper shares of common stock for each Smurfit Kappa ordinary share held by them.

Based on International Paper's closing share price of $58.94 as at 5 March 2018 and a €:$ exchange rate of €1:$1.2343, the Proposal values each Smurfit Kappa ordinary share at €36.46. This represents a premium of approximately:

27.4 per cent. to Smurfit Kappa's closing share price of €28.62 on 5 March 2018 (being the last business day prior to the release of the announcement);
28.4 per cent. to Smurfit Kappa's volume weighted average share price of €28.41 since its Full Year Results on 7 February 2018;
30.2 per cent. to Smurfit Kappa's closing share price of €28.00 on 13 February 2018 (being the last business day prior to International Paper's initial approach to Smurfit Kappa); and
22.5 per cent. to Smurfit Kappa's all-time high share price of €29.76 on 20 February 2018.

In aggregate, the Proposal values Smurfit Kappa's current issued share capital at approximately €8.6 billion and would provide Smurfit Kappa shareholders with a shareholding of approximately 15 per cent. in International Paper post-completion (calculated by reference to the number of International Paper shares of common stock in issue as at 5 March 2018).

International Paper notes the comments that Smurfit Kappa believes the Proposal is highly opportunistic. Given that Smurfit Kappa announced record EBITDA on 7 February 2018 and recorded an all-time high share price of €29.76 on 20 February 2018, International Paper does not agree with this characterisation. Indeed, by submitting the Proposal after the release of Smurfit Kappa's Full Year Results and the Medium term Outlook ("MTO"), International Paper was able to take account of this information (and the market's reaction to it) when making its approach. Moreover, International Paper believes that the Proposal provides Smurfit Kappa shareholders with the opportunity to crystalise value for their holdings in the near term (via the Proposal's cash component) and also retain ongoing upside in the value creation of the transaction (via the Proposal's share component).

International Paper believes that the transaction, if consummated, would be an excellent strategic fit that creates long-term value for both Smurfit Kappa and International Paper. The enlarged group would constitute a premier global packaging company that would be able to serve both local and global customers more effectively. The transaction would also create an opportunity to realise meaningful synergies through enhanced efficiencies.

International Paper takes a disciplined approach to acquisitions with clearly defined strategic and financial criteria. Any offer would have to meet our objectives of earnings per share accretion, free cash flow generation and a return on invested capital exceeding International Paper's weighted average cost of capital, while enabling International Paper to remain committed to a strong balance sheet over the long term.

Chronology

On 14 February 2018, International Paper approached Smurfit Kappa and requested a meeting so that International Paper could put forward a specific proposal to Smurfit Kappa. Following further communication, initiated by International Paper, a meeting was arranged on 23 February 2018. At the meeting, on 23 February 2018, International Paper delivered the Proposal and provided a written letter to be delivered to the Smurfit Kappa board of directors (the "Smurfit Kappa Board").

Last night the Proposal was rejected by the Smurfit Kappa Board. International Paper is disappointed that this was made public this morning, prior to further engagement between the parties to discuss the value creation potential of the transaction. Nonetheless, International Paper remains ready to engage with Smurfit Kappa's Board and shareholders to discuss both the merits of its Proposal and the reasons why International Paper believes it provides the best near and long term value for Smurfit Kappa shareholders.

Reservations

International Paper reserves the right to:

introduce other forms of consideration and/or, subject to the consent of the Irish Takeover Panel, to vary the composition of the consideration referred to above;
implement the transaction through or together with a subsidiary of International Paper or a company which will become a subsidiary of International Paper;
announce an offer (including a cash offer and/or a share offer) for Smurfit Kappa on less favourable terms than those set out in the Proposal:
with the agreement or recommendation of the Smurfit Kappa Board;
if a third party announces an offer or firm intention to make an offer for Smurfit Kappa on less favourable terms; or
following the announcement by Smurfit Kappa of a whitewash transaction pursuant to the Irish Takeover Rules on less favourable terms; and/or
in the event that any dividend or other distribution is announced, declared, made or paid by Smurfit Kappa, reduce the cash and/or share component of its offer by the gross amount of such dividend or other distribution.

This announcement does not amount to a firm intention to make an offer for Smurfit Kappa under Rule 2.5 of the Irish Takeover Rules and, accordingly, there can be no certainty that any offer will be forthcoming. The Proposal was made on an indicative and non-binding basis.

A further announcement will be made as and when appropriate.

Klingele Papierwerke Is Investing In The Extension Of Its Logistics Centre In Werne

Thu, 08/03/2018 - 11:37
Werne / Stuttgart Mar 8,2018 --- The Klingele Group, one of the leading independent manufacturers of corrugated base paper and packaging, is planning to extend the logistics centre at its Werne site. Construction can begin shortly following approval of the planning application; the inauguration is planned for the end of 2018. The new warehouse covers an area of 15,000 m2. Together with the existing storage areas, the logistics centre will provide space for approx. 20,000 pallets in the future. In addition, five new jobs will be created. The dynamic business development at Klingele and customers’ high demands with regard to fast and error-free deliveries made it necessary to invest in extended logistics capacities. The existing warehouse with an area of approx. 13,000 m2 was no longer adequate and will be used partly as a production area in the future. Klingele will present the extension of the logistics centre in detail to residents and interested parties on its open day, 23 June 2018.



Faster deliveries – error rate drastically reduced

The new finished goods warehouse will be equipped with RFID technology: this enables accurate warehouse management by bay location, offers excellent stock reliability in conjunction with warehouse management software and reduces the internal logistics error rate to almost zero. The advantage for Klingele: goods in the warehouse can be found quickly, incorrect shipments are avoided and lorries can be loaded in less than 30 minutes. This means that Klingele can supply its customers much faster and significantly increase its handling of goods in the warehouse. Klingele has successfully implemented the same logistics concept at its Delmenhorst site.



Closure of external warehouses – eliminating shuttle transport by lorry

However, it is not just customers and employees of the company who benefit from Klingele's investment in state-of-the-art logistics: it also enables Klingele to close its existing external warehouses in the district of Unna and consolidate its logistics to one location. Klingele needed these external warehouses up until now to fulfil the rising order volume and customers’ high demands with regard to product diversity, delivery punctuality and ever faster goods handling. However, this was an expensive and process-intensive form of logistics; the concentration of logistics at one location therefore considerably relieves the strain on the budget and reduces handling costs at Klingele. But there are also significant improvements for the residents: the noise pollution and CO2 emissions are significantly reduced as the regular shuttle transport by lorry between external warehouses and the Klingele plant are now eliminated. “The technological possibilities available today facilitated our decision to opt for a bulk storage warehouse,” explains Ekkehard Dürr, Managing Director of Corrugated Western Europe. ”A bulk storage warehouse gives us flexibility for the storage of different packaging and pallet sizes as well as the greatest possible guarantee of error-free deliveries in conjunction with RFID technology.” As a family-owned company that is aware of its responsibilities towards its surroundings, Klingele also places considerable importance on good relations with its neighbours. “The construction of a bulk storage warehouse also represents a good decision in this respect," adds Dürr. “The consolidation of our logistics capacities at one location also reduces pollution caused by noise and CO2 emissions.” “Just-in-time deliveries are commonplace nowadays and more and more of our customers are transferring the responsibility for the storage of packaging to us,” states Dr. Jan Klingele, Managing Partner. "In addition to the high product quality, competent advice and creativity in the development of packaging, efficient logistics is therefore becoming a key success factor for our company. "For this, we are making targeted investments in a logistics concept that guarantees our customers maximum reliability and speed on the one hand and optimum flexibility on the other.” Klingele will present full details on the extended logistics centre to residents and other interested parties on its open day, 23 June 2018. The 50th anniversary of the Klingele plant in Werne is the occasion for the event.



Information about the Company

Klingele Group is an international supplier of paper, corrugated cardboard packaging solutions and adhesives. The family-owned company founded in 1920 with headquarters in Remshalden near Stuttgart, Germany, is now run in the third generation by Dr. Jan Klingele. The company including its affiliated partners has a presence for its customers in Europe, Africa and Central America in its Paper and Packaging business divisions with two paper mills, twelve corrugated cardboard plants and eight processing plants. These plants employ a total of 2,400 people and achieved a turnover of € 620 million in 2016. The plant in Werne employs 215 people and produces approx. 155 million m² of corrugated cardboard for which 75,000 tons of paper are processed. The product range includes corrugated base paper based on waste paper as well as innovative and sustainable packaging solutions (primarily made of corrugated cardboard) for numerous industries and applications. Klingele is also a founding member of Blue Box Partners, the largest European alliance for packaging solutions.

For further information, please contact

Ekkehard Dürr
E: ekkehard.duerr@klingele.com
T: + 49 2389 7973 56

Sylvia Huber
Public Relations
E: sylvia.huber@klingele.com
T: + 49 7151 701 278

Kyiv CPM Completed The PMM-2 First Stage Reconstruction

Tue, 06/03/2018 - 12:32
Mar 6,2018---Kyiv CPM in cooperation with A.Celli (Italy) completed the PMM-2 first stage reconstruction. As part of the investment program was successfully modernized the press section and a new hydraulic reel which is equipped with a central cutting system, reel spool storage, automatic threading web system, automatic core feed/removal system. Additionally, work was carried out on stock preparation: automatic filling line and automatic control system has been installed, was modernized equipment for stock purification, hood overhaul of the paper flash-drying system. The implementation of this project will improve the quality of base paper and will increase PMM-2 speed up to 1200 m / min. Set of works was carry out by KCPM specialists and contractor at a high professional level and in accordance with the approved schedule.

Klabin chooses Wedge for the Ortigueira Mill in Brazil

Tue, 06/03/2018 - 12:31
Mar 6,2018---The big paper and board producer Klabin has awarded Savcor A Trimble Company with a Wedge order for its Ortigueira Mill in Brazil.According to Process Engineering and Development Coordinator Claudio Ferreria, Ortigueira mill had a need for a special and reliable tool to improve its process data analysis. The mill has a high automation level, which increases the number of tags to be evaluated. It makes more difficult to handle the big data in a common data analytics tools.

–We chose Wedge process diagnostics system because it gives us much more reliable, fast and easy process data analysis. It makes possible to analyze disturbances and process changes in an incomparable time, resulting in better solutions and actions in a shorter time to correct problems, says Ferreria.

The Ortiqueira mill has the capacity to produce 1.5 million tons of pulp a year, of which 1.1 million tons is hardwood pulp and 400,000 tons softwood pulp. A portion of the softwood pulp is converted into fluff pulp. Wedge installation covers the entire plant of Ortigueira mill.

Klabin is Brazil’s largest paper producer and exporter, the leading manufacturer of paper and board for packaging, corrugated board packaging and industrial bags, and also markets timber in logs.

With the Ortigueira mill, Klabin becomes the only Brazilian company to simultaneously supply hardwood pulp (eucalyptus), softwood pulp (pine) and fluff pulp to the market. Ortigueira is the only one mill in Brazil producing fluff pulp from pine planted forests, processed in an industrial unit entirely designed for this purpose.



Sappi Successfully Concludes Its Acquisition Of The Speciality Paper Business Of Cham Paper Group Holding AG

Thu, 01/03/2018 - 12:01
JOHANNESBURG, Mar 01,2018 -- Sappi Limited, a leading global producer of dissolving wood pulp, specialities and packaging papers, printing and writing papers and biomaterials, today announced that all conditions precedent relating to the acquisition of the speciality paper business of Cham Paper Group Holding AG (CPG) have been fulfilled and closing has been completed.

The transaction includes the acquisition of CPG's Carmignano and Condino Mills in Italy, its digital imaging business located in Cham, Switzerland as well as all brands and know-how.

The main benefits of the acquisition include:

Supports Sappi's diversification strategy and 2020vision to grow in higher margin growth segments
Strengthens Sappi Europe's specialities and packaging papers footprint and skills; adds 160,000 tons of speciality paper to our capacity
Increases Sappi's relevance in specialities and packaging papers, opening up new customers and markets to Sappi's existing products and generating economies of scale and synergies
Gaining greater share-of-wallet with valued brand owners; accelerating innovation and new product development
Improved near-term profitability and serve as platform for organic growth and further acquisitions. Will add €183 million of sales and approximately €20 million of EBITDA before taking into account synergies
Builds on the investments currently underway to increase specialities and packaging papers capacity at our Somerset, Maastricht and Alfeld Mills
Unlocks the growth potential of the CPG speciality paper business

Commenting on the transaction Steve Binnie, Chief Executive Officer of Sappi Limited, said:
"I am very pleased that we have been able to finalise this acquisition so quickly. We are now able to move with speed to combine Cham's strong brands, employees and assets with Sappi's global presence. Our existing as well as new customers will benefit from a broader range of products coupled with our well-established excellent customer service. This transaction strengthens Sappi's specialities and packaging papers business both in Europe and globally, improves our profitability and is another significant milestone towards realizing our Vision2020 goal."

Further information can be found at www.sappi.com

About Sappi Limited
A global leader in dissolving wood pulp and paper-based solutions, Sappi Limited (listed and in the Top 40 on the JSE - SAP), is headquartered in Johannesburg, South Africa; has over 12,000 employees; manufacturing facilities on three continents, in seven countries (eight operations in Europe, three operations in America and five operations in South Africa) and customers in over 150 countries worldwide.

Sappi works closely with customers to provide relevant and sustainable dissolving wood pulp, paper (speciality, packaging and printing and writing), paper pulp, and biomaterial products and related services and innovations. Our market-leading range of paper products includes: flexible packaging, label, release liner, containerboard and fluting, coated fine papers, casting release papers and in our Southern African region newsprint, uncoated and business papers. These products serve the fashion, FMCG and industrial sectors. Our dissolving wood pulp products are used worldwide by converters to produce viscose fibre, pharmaceutical products as well as a wide range of household and consumer products.

We continue to grow into a profitable and cash-generative diversified business with an exciting future in woodfibre, a renewable resource.

About Cham Paper Group Holding AG (CPG): CPGN (SWX) The Cham Paper Group Holding AG is a leading manufacturer of coated speciality papers. The company was founded in 1657. Following the divestment of the paper business, the company will focus on its real estate business and will operate under the name «Cham Group».

Carmignano Mill (Carmignano di Brenta, Padua, Italy): This is a non-integrated paper mill with two paper machines. The plant can produce 100,000 tons of paper and employs 223 people. Paper grades include C1S FlexPack, C1S Label Papers, Wet Glue and Self-Adhesive applications, base paper for metallisation.

Condino Mill (Borgo Chiese, Trento, Italy): This is a non-integrated paper mill, with one paper machine. The mill employs 127 employees and can produce 60,000 tons of paper per year. Paper grades include glassine (silicone base paper) and super calendared, uncoated flexible packaging papers.

Digital Imaging Business (Cham, Canton Zug, Switzerland): A finishing plant is located in Cham Switzerland, in a 4000sqm industrial warehouse where the base paper from Condino or Carmignano mills are converted to produce 12,000 tons of digital imaging paper. The business employs 35 people.

FSC Certification for Trakia Paper Mill

Tue, 27/02/2018 - 12:30
Feb 27,2018---DS Smith is pleased to confirm that its Trakia Paper Mill in Pazardzhik, Bulgaria, has achieved FSC® Chain of Custody Certification.Trakia-millThe Forest Stewardship Council (FSC) Chain of Custody certificate allows DS Smith’s internal and external customers to trace the company’s pulp-based raw materials back to sustainable sources.

Trakia Paper Mill received official confirmation of its FSC Chain of Custody certification in October 2017 – a great success for the organisation. This certification supports DS Smith’s position as a responsible supplier to our customers, stakeholders, and community.

The FSC runs a global forest certification system, and Chain of Custody is one of its two areas of oversight. The Chain of Custody certification ensures that materials and products have been checked at every stage of processing, which means that customers can be confident that paper products come from verified and recycled sources, or, where virgin fibre is used, from well-managed forests. The FSC’s standards are higher than those of any other forestry organisation, which shows customers that the products they’re buying are indeed being managed responsibly.

Approximately 95% of DS Smith’s paper products are FSC Chain of Custody certified, and DS Smith is working towards achieving certification for 100% of the paper sold at all our sites. By producing FSC certified products, DS Smith is aligned with the highest social and ecological standards on the market, in line with our goals to delight our customers and to lead the way in sustainability.

Valmet To Supply A Repeat Order Of Three Winders For Shanying International In China

Thu, 22/02/2018 - 11:21
Feb 22, 2018 ---Valmet will supply three winders for Shanying International Holdings Co., Ltd., in the city of Jingzhou in Hubei province, China. The order is following the delivery of the Valmet OptiConcept M board machine (PM 21) announced in December 2017 and earlier winder deliveries to company's Ma'anshan site. The capacity of the three winders will cover the production of two board machines. The start-ups of the winders are scheduled for the end of the year 2018.



The order is included in Valmet's first quarter of 2018 orders received. The value of the order will not be disclosed. The value of an order of this type is typically EUR 10-20 million.



"We have a long and good relationship with Shanying. Valmet is supplying or has delivered already six paper or board machines for this customer - the latest ones being the orders of the testliner machine PM 21 and two earlier started-up container board lines in Ma'anshan. Valmet has also just recently announced a waste-fired boiler delivery for Shanying International Holdings. These earlier projects and strong track record with winders convinced the customer to choose Valmet," says Mikko Osara, Vice President of Board and Paper Mills Business Unit at Valmet.



Technical details about the delivery



Valmet's delivery includes three high-capacity OptiWin Drum two-drum compact winders. They are repeat orders of three similar OptiWin Drum winders delivered at the Ma'anshan site in 2014. Valmet's winding concept brings flexibility for the mill's two production lines with high capacity potential as well as smart drive controls and optimization.



The winders are designed for basis weight range of 80-170 g/m2 and design speed of 3,000 m/min.



About the customer Shanying International



Shanying International Holdings Co., Ltd., formerly Anhui Shanying Paper Industry Co., Ltd., is a China-based company, principally engaged in the manufacture and distribution of paper products. The Company's main products consist of various packaging paper boards, newsprint paper, corrugated cardboard boxes, culture paper and other paper products, which are marketed under the brand name of Shanying. The Company distributes its products within domestic markets, with eastern China as its main market.



VALMET



Corporate Communications



For further information, please contact:



Petri Paukkunen, Vice President, Sales, Board and Paper Mills, Valmet, tel. +358 40 744 8182



Zhou Zhou, Sales Director, Capital Sales in China, Valmet, tel. +86 139 1018 6376

Verso Announces Plans to Restart Paper Machine in Jay, Maine

Mon, 19/02/2018 - 11:59
MIAMISBURG, Ohio, Feb. 19, 2018 -- Verso Corporation (NYSE: VRS) today announced plans to upgrade the shuttered pulp line and No. 3 paper machine at its Androscoggin Mill in Jay, Maine, enabling this equipment to restart for the manufacture of packaging products. The paper machine and associated pulping capacity were temporarily idled in January 2017 and shut down in July 2017 as a result of declining demand for the graphic paper products formerly produced on the machine.

With an anticipated completion date in the third quarter of this year, this project will help Verso continue to diversify its product mix into growing market segments and is expected to create approximately 120 full-time jobs at the mill and additional jobs throughout the Maine forest products supply chain. The estimated total capital cost of the project is $17 million, $4 million of which will come from a Maine Technology Asset Fund 2.0 challenge grant administered by the Maine Technology Institute. Funds from the grant will be become available as certain milestones in the project are reached.

"Verso identified this upgrade and restart of the No. 3 paper machine and associated equipment at the Androscoggin Mill as part of our continuing development of a holistic strategy that includes repositioning of certain assets, and we want to thank Governor LePage and the Maine Technology Institute for their support in helping to make it possible," said Verso Chief Executive Officer B. Christopher DiSantis. "When this project is completed, the Androscoggin Mill will be more competitive in the global marketplace and better positioned for future success."

About Verso
Verso Corporation is the turn-to company for those looking to successfully navigate the complexities of paper sourcing and performance. The leading North American producer of printing and specialty papers and pulp, Verso provides insightful solutions that help drive improved customer efficiency, productivity, brand awareness and business results. Verso's long-standing reputation for quality and reliability is directly tied to our vision to be a company with passion that is respected and trusted by all. Verso's passion is rooted in ethical business practices that demand safe workplaces for our employees and sustainable wood sourcing for our products. This passion, combined with our flexible manufacturing capabilities and an unmatched commitment to product performance, delivery and service, make Verso a preferred choice among commercial printers, paper merchants and brokers, converters, publishers and other end users. For more information, visit us online at versoco.com.

Valmet To Supply A Wet End Rebuild For Sappi Gratkorn Mill In Austria

Mon, 19/02/2018 - 11:58
Feb 19, 2018 ---Valmet will supply a wet end rebuild with installation for Sappi Gratkorn Mill in Austria. The goal of the rebuild is to improve paper machine (PM 9) efficiency, reliability and energy efficiency. The start-up of the rebuilt machine is scheduled for 2019.



The order is included in Valmet's first quarter of 2018 orders received. The value of the order will not be disclosed. The value of an order of this type is typically around EUR 10-20 million.



"Sappi has been relying firmly on Valmet in the past years. In addition to this new rebuild for Sappi Gratkorn, six other major ongoing or already started-up projects for Sappi are Valmet-supplied, the latest ones for Sappi Lanaken (start-up in 2019), Sappi Maastricht (2018), Sappi Sommerset (USA) (2018), Sappi Kirkniemi (start-up 2017) and Sappi Gratkorn PM 11 (2014). Our good OptiPress pressing technology references combined with the outcome of higher solids and better quality were success factors in this case, too," says Senior Paper Technology Manager Riikka Antikainen from Valmet.



Technical details about the delivery



Valmet's delivery includes number of modifications to the paper machine wet end. The press section will be rebuilt into an OptiPress Center with modern shoe press technology and the best runnability components available in the market. OptiPress Center provides higher solids and better runnability, thus, lowers energy consumption and improves efficiency. The off-machine coater will be equipped with Valmet Water Jet Turn-up Device for fast parent roll changes. All the equipment will be delivered with installation.



PM 9 produces coated fine paper grades in the design basis weight of 66 g/m². The mill has a total capacity of 980,000 tonnes/year.



Information about the Sappi Gratkorn Mill



Headquartered in Brussels, Belgium, Sappi Europe is the leading European producer and supplier of coated fine paper, packaging and specialty papers. In Europe, the company has seven mills, 14 sales offices and 5,100 employees. Located in in Gratkorn, Austria, Sappi Gratkorn Mill is part of Sappi Europe. The mill produces 980,000 tonnes of high-quality double and triple coated papers annually which are used for premium quality publications all over the world. The mill produces 250,000 tonnes totally chlorine free (TCF) chemical pulp for own consumption and it has an annual sheet finishing capacity of 875,000 tonnes. About 95% of the mill's production is exported. Gratkorn Mill has around 1,240 employees.



VALMET



Corporate Communications



For further information, please contact:



Marko Oinonen, General Manager, Contracts and Customer Relations, Board and Paper Mills, Valmet, tel. +358 50 562 7240



Petri Paukkunen, Vice President, Sales and Marketing, Board and Paper Mills, Valmet, tel. +358 40 744 8182

Valmet To Supply A Cooking Plant Rebuild And Brown Stock Washing To Smurfit Kappa Kraftliner Mill In Piteå

Mon, 19/02/2018 - 11:56
Feb 19, 2018---Valmet will supply Smurfit Kappa Piteå with a cooking plant rebuild into CompactCooking G2 and brown stock washing equipment for its mill in Piteå, Sweden. The order is included in Valmet's fourth quarter of 2017 orders received.

Valmet's scope of supply includes a new ImpBin(TM) with CompactFeed(TM) G3, pump feeding system and a new pressure diffuser. The start-up of the cooking plant rebuild and brown stock washing equipment is planned for May 2019.

"The rebuilt cooking plant will utilize the wood raw material more efficiently and lower the use of additive chemicals in the process. In addition, the cooking rebuild will lower the energy consumption within the process area which is in line with our sustainability goals," says Bo Johansson, Technical Manager at Smurfit Kappa Piteå.

"We are happy to see that Valmet's sustainable solutions bring value to our customers and that our cooking and washing portfolio is very strong," says Patrik Lidbäck, Sales Manager at Valmet.

About the customer Smurfit Kappa

Smurfit Kappa is one of the leading providers of paper-based packaging solutions in the world, with around 45,000 employees in approximately 370 production sites across 35 countries (22 countries in Europe and 13 in the Americas). The Piteå mill in Sweden has a production capacity of 700,000 tons/year and produces containerboard, white top kraftliner and brown kraftliner.


VALMET

Corporate Communications


For further information, please contact:

Patrik Lidbäck, Sales Manager, Pulp and Energy Business Line, Valmet, Tel. +46 70 715 4723



Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2017 were approximately EUR 3.2 billion. Our more than 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.
Read more www.valmet.com, www.twitter.com/valmetglobal


ANDRITZ To Modernize DIP Line At Metsä Tissue

Mon, 19/02/2018 - 11:54
Feb 19,2018---International technology Group ANDRITZ has received an order from Metsä Tissue to modernize and upgrade the existing DIP line at the Metsä Tissue mill in Mänttä, Finland.The new DIP line is to supply the furnish for all three tissue machines at the Mänttä mill and will process medium- to high-quality recycled paper grades to be used as raw material for production of various tissue products.

ANDRITZ will upgrade the pulping process with a new detrashing system – comprising a FibreGuard Detrasher, a FibreWash Drum, and a Detrashing Pump – to increase pulp quality through early removal of non-disintegrated reject materials.

In the three-stage coarse screening process, three new screens – type ModuScreen F and TC – with the latest slotted screen baskets and an AhlCleaner RB will be installed to ensure efficient removal of coarse contaminants at minimum fiber loss.

An ANDRITZ SpeedWasher will separate inorganic material, such as filler and coating pigments, from the fiber suspension to enable low ash content at the end of the line. An ANDRITZ Pulp Screw Press further dewaters pulp that is suitable for subsequent dispersing.

In order to meet the high quality requirements of certain tissue products, Metsä Tissue opted for installation of an ANDRITZ SelectaFlot flotation unit to improve brightness and remove ink particles at low fiber loss and energy consumption.

Basic engineering, dismantling of the existing equipment, erection, commissioning, start-up, and training will likewise be supplied by ANDRITZ to minimize the shutdown period.

Metsä Tissue is part of the Metsä Group, one of the largest forest industry groups in the world. The Mänttä mill has approximately 400 employees and produces toilet tissue, household towels, paper tissues, industrial tissue rolls, and greaseproof paper for baking and cooking. Mänttä was the first mill in Finland to use recycled fibre in tissue paper.

- End -

ANDRITZ GROUP

ANDRITZ is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and for solid/liquid separation in the municipal and industrial sectors as well as for animal feed and biomass pelleting. Other important business segments include automation and service business. In addition, the international Group is also active in the power generating sector (steam boiler plants, biomass boilers, recovery boilers, and gasification plants) and in environmental technology (flue gas cleaning plants) and offers equipment for the production of nonwovens, dissolving pulp, and panelboard as well as recycling plants. The publicly listed technology Group is headquartered in Graz, Austria, and has a staff of approximately 25,700 employees. ANDRITZ operates more than 250 sites in over 40 countries.

ANDRITZ PULP & PAPER

ANDRITZ Pulp & Paper is a leading global supplier of complete plants, systems, equipment, and comprehensive services for the production and processing of all types of pulp, paper, tissue, and cardboard. The technologies cover the processing of logs, annual fibers, and waste paper; the production of chemical pulp, mechanical pulp, and recycled fibers; the recovery and reuse of chemicals; the preparation of paper machine furnish; the production of paper, tissue, and cardboard; the calendering and coating of paper; as well as the treatment of reject materials and sludge. The service offering includes system and machine modernization, rebuilds, spare and wear parts, on-site and workshop services, optimization of process performance, maintenance and automation solutions, as well as machine relocation and second-hand equipment. Biomass, steam, and recovery boilers, as well as gasification plants for power generation, flue gas cleaning plants, plants for the production of nonwovens, dissolving pulp, and panelboard (MDF), as well as recycling plants are also part of this business area.

Valmet To Replace Its First-Ever Damatic Classic Automation System Delivered At Pankaboard's Board Mill In Finland

Mon, 19/02/2018 - 11:53
Feb 19, 2018 ---Valmet will replace the first-ever Damatic Classic automation system delivered with a Valmet DNA automation system at Pankaboard's board mill in Lieksa, Eastern Finland. The system has been operating since 1979. Additionally, Valmet will also upgrade the mill's existing Valmet Damatic XD automation system to Valmet DNA. The new system will increase process availability and improve its performance.

The order was included in Valmet's fourth quarter 2017 orders received. The project will be executed in several stages and completed by mid-2019.

"At Pankaboard, we regard this project as an all-important business development project, and one that an advanced automation system supports well. The new system will enable us to develop our customer need-based and flexible operating model more cost efficiently," says Lauri Junnila, Managing Director, Pankaboard Oyj.

"New information management tools will provide the mill with a whole new dimension to process operations, giving operators access to the trend and event history straight from the operator interface. Together with functional descriptions linked to the controls, this will enable faster troubleshooting," says Juha Mykkänen, Sales Manager, Automation, Valmet.

Information about Valmet's delivery

The new Valmet DNA automation system will replace the current control systems in the stock preparation, on board machines BM2 and BM3, and in the integrated biofuel plant. Pankaboard currently has three generations of Valmet-supplied automation systems: Damatic Classic, Damatic XD and Valmet DNA.

In addition to the automation replacement, Valmet will upgrade the biofuel plant control room. Startup, commissioning, training and spare parts are included in the delivery scope.

Information about Pankaboard

Pankaboard produces high-quality specialty cartonboards for food, luxury beverage, pharmaceutical, food service, graphics and display, as well as laminate industries. The mill is specialized in high-thickness folding boxboards and uncoated cartonboards produced with two distinctly different board machines, BM2 and BM3. Through its own sales offices and sales agent network, Pankaboard has more than 500 customers in 65 countries. The company employs 160 people.

VALMET
Corporate Communications

For further information, please contact:
Juha Mykkänen, Sales Manager, Automation, Valmet, Tel. +358 40 543 4704, juha.mykkanen@valmet.com

Kari Silvennoinen, Product Manager, Automation, Valmet, Tel. +358 50 317 0834, kari.silvennoinen@valmet.com

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2017 were approximately EUR 3.2 billion. Our more than 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

Read more www.valmet.com, www.twitter.com/valmetglobal

Duni Acquires Biopac UK Ltd.

Mon, 19/02/2018 - 11:50
Feb 19,2018---On February 8 2018, Duni acquired 75% shares in Kindtoo Ltd., trading as Biopac UK Ltd., from entrepreneurs Mark Brigden and Eric Graham. Biopac is a leading supplier of sustainable disposable packaging for food and beverages in the UK. The acquisition will be consolidated into Business Area Meal Service.

Established in 2002, Biopac specializes in food packaging and service products created with sustainable materials with some 12 employees. The capacity to customize food and drink packaging to suit customer brands and a clear focus on sustainable products, has resulted in Biopac gaining significant market share in UK.

Biopac has an approximate annual turnover of SEK 55 m and operating margin well in line with Duni’s Business Area Meal Service. The purchase of shares will affect Duni’s net debt with about SEK 22 m, which is covered within existing loan facilities.

“We welcome Biopac into the Duni family. The clear shift in demand towards sustainable products in the restaurant and takeaway segments is a leading factor in this acquisition. We look forward to working with the Biopac team,” says Johan Sundelin, CEO Duni.

Mark Brigden states, “The capacity to customize food and drink packaging to suit customer brands and a clear focus on sustainable products, has resulted in Biopac gaining significant market share throughout the UK. The added resources available through this step with Duni will support us in continuing on our growth journey in coming years.”

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For more information, please contact:

Johan Sundelin, President and CEO, tel. +46 40 10 64 75
Mats Lindroth, CFO, tel. +46 40 10 62 00

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Duni is a leading supplier of attractive and convenient products for table setting and take-away. The Duni brand name is sold in more than 40 markets and enjoys a number one position in Central and Northern Europe. Duni has some 2,300 employees in 23 countries, headquarter in Malmö and production units in Sweden, Germany, Poland, Thailand and New Zealand. Duni is listed on NASDAQ Stockholm under the ticker name “DUNI”. ISIN-code is SE0000616716.

Platinum Equity Acquires WS Packaging Group, Inc. From J.W. Childs

Mon, 19/02/2018 - 11:49
GREEN BAY, Wis., Feb. 05, 2018 -- WS Packaging Group announced today that Platinum Equity has acquired the company from J.W. Childs Associates, L.P.
Headquartered in Green Bay, Wisconsin, WS Packaging Group provides labels and packaging solutions for the food and beverage, consumer packaged goods, and pharmaceutical markets.

The company, which primarily markets pressure sensitive labeling products, is one of North America's leading label converters, providing innovative packaging, shopper promotion and branding solutions that help its customers increase shelf impact, brand consistency and shopper engagement for the products they sell to end consumers.

Platinum Equity Principal Jason Price said he is excited about WS Packaging Group’s prospects as part of Platinum Equity’s portfolio.

“WS Packaging Group has great potential, and we look forward to working closely with the company’s management team, customers, suppliers, and other stakeholders,” said Mr. Price. “We believe it will benefit from our operational resources and our ability to help identify and pursue new avenues for growth.”

Platinum Equity has considerable experience in the packaging sector and recently owned Mactac, one of WS Packaging Group’s suppliers of pressure sensitive materials.

J.W. Childs Associates Partner, David Fiorentino, commented, “We have enjoyed our close partnership with WS Packaging Group. The company has made meaningful investments in new technology, has dedicated employees and deep customer relationships. We wish Platinum, the WS Packaging Group management team and all WS Packaging Group employees well with the business.”

WS Packaging Group CEO Dean Wimer is remaining with the company to lead the business.

“We thank the team at J.W. Childs Associates for the guidance and support of the business under its ownership. We’re excited to work with Platinum Equity, who brings a fresh perspective, with new energy and focus to the table,” said Mr. Wimer. “They know our industry well and have the operational and financial resources we need to help maximize our company’s potential.”

Latham & Watkins acted as legal counsel to Platinum Equity on the acquisition of WS Packaging Group. McDermott Will & Emery served as legal counsel and Barclays as financial advisor to WS Packaging Group.

About W/S Packaging
WS Packaging Group, Inc., with more than 50 years of experience, is one of the largest printing and label converting operations in North America. It operates 17 manufacturing facilities and produces high-quality packaging products. Its customers range in size from small businesses to large, high-volume manufacturers and consumer product goods companies doing business locally, nationally, and in marketplaces worldwide.

About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with $13 billion of assets under management and a portfolio of more than 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications, and other industries. Over the past 22 years Platinum Equity has completed more than 200 acquisitions.

About J.W. Childs Associates
J.W. Childs is a Boston-based private equity firm focused on investing in middle-market growth companies. Since inception in 1995, J.W. Childs has invested in excess of $3.5 billion of equity capital in more than 45 companies across the consumer, specialty retail and healthcare industries. The firm’s success has been built on its industry focus and the extensive operating expertise of its partners. For more information, please visit www.jwchilds.com.

Media Contacts:

Dan Whelan
Platinum Equity
(310) 282-9202
dwhelan@platinumequity.com

Philippe Schenk
J.W. Childs Asssociates, LP
(617) 753-1000


by Dr. Radut