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Paper Packaging

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DS Smith to acquire EcoPack and EcoPaper

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - DS Smith Plc :‍ENTERED INTO AN AGREEMENT TO ACQUIRE ECOPACK AND ECOPAPER, FOR AN ENTERPRISE VALUE OF CIRCA EUR 208 MILLION​.‍ACQUISITION IS EXPECTED TO BE EARNINGS ENHANCING IMMEDIATELY​.‍CONSIDERATION AND DEBT REPAYMENT TO BE SATISFIED FROM EXISTING FACILITIES, AND FROM EUR 35 MILLION OF DS SMITH SHARES TO BE ISSUED TO VENDOR​.DEAL ‍COMPLETION IS EXPECTED WITHIN THIRD FISCAL QUARTER, FOLLOWING ROMANIAN COMPETITION AUTHORITY APPROVAL​.

Billerudkorsnas Q3 EBITDA matches forecasts, sees strong Q4 demand

Tuesday, 17 Oct 2017

Oct 17 (Reuters) - Billerudkorsnas AB (Publ) :Q3 ‍net sales SEK 5,544 m​.Q3 ‍EBITDA SEK 1,051 m.Reuters poll: Billerudkorsnas q3 EBITDA was seen at SEK 1.06 billion, sales at 5.70 billion​.Says ‍EBITDA was affected by costs of sek 215 million for planned maintenance shutdowns​.Says ‍demand and order situation are expected to be strong in Q4 with normal seasonal variances for all business areas​.Says ‍packaging paper and corrugated solutions business areas see opportunities for local price increases in next quarter​.Says ‍wood costs for Q4 are expected to be unchanged​.Says ‍costs for planned maintenance shutdowns in Q4 are estimated at SEK 120 million​.Says ‍additional non-recurring costs at gruvön of around SEK 30 million for training and temporary staff are expected to impact Q4​​.Outlook for 2018: Says ‍paper prices in local currency are expected to increase.​.Outlook for 2018: Says ‍total raw material cost might be impacted by an increased market demand​.Outlook for 2018: Says ‍pulp price is expected to decrease during year​.Outlook for 2018: Says ‍production capacity is estimated to increase by approximately 1%.​.Outlook for 2018: Says ‍company expects additional non-recurring costs at gruvön of around SEK 150 million for loss of volumes, training and temporary staff​.Says MG machine, moved to Skärblacka from Tervasaari, will be started up and is expected to produce 40 ktonnes, mainly in the second half of the year.

International Paper Co says latest appoinments makes size of its board 15

Wednesday, 11 Oct 2017

Oct 11 (Reuters) - International Paper Co :International Paper Co says with election of Jacqueline C. Hinman and Clinton A. Lewis Jr, size of board will be 15 members​ - SEC filing.

International Paper Co's board of directors elects two new board members

Wednesday, 11 Oct 2017

Oct 11 (Reuters) - International Paper Co :International Paper's board of directors elects two new board members.International paper co - ‍election of Jacqueline C. Hinman and Clinton A. Lewis, Jr. to board of directors effective November 4.

Mondi posts Q3 ‍underlying operating profit of 245 mln euros

Wednesday, 11 Oct 2017

Oct 11 (Reuters) - MONDI PLC ::‍UNDERLYING OPERATING PROFIT FOR Q3 OF 2017 OF EUR 245 MILLION WAS 8% ABOVE COMPARABLE PRIOR YEAR PERIOD​.‍Q3 LIKE-FOR-LIKE SALES VOLUMES WERE ABOVE COMPARABLE PRIOR YEAR PERIOD​.Q3 ‍COSTS WERE GENERALLY HIGHER THAN COMPARABLE PRIOR YEAR PERIOD AND PREVIOUS QUARTER​.‍"WE REMAIN CONFIDENT OF MAKING PROGRESS FOR YEAR AND EXPECT A STRONG FINAL QUARTER"​.

Mondi posts Q3 ‍underlying operating profit of 245 mln euros

Wednesday, 11 Oct 2017

Oct 11 (Reuters) - MONDI PLC ::‍UNDERLYING OPERATING PROFIT FOR Q3 OF 2017 OF EUR 245 MILLION WAS 8% ABOVE COMPARABLE PRIOR YEAR PERIOD​.‍Q3 LIKE-FOR-LIKE SALES VOLUMES WERE ABOVE COMPARABLE PRIOR YEAR PERIOD​.Q3 ‍COSTS WERE GENERALLY HIGHER THAN COMPARABLE PRIOR YEAR PERIOD AND PREVIOUS QUARTER​.‍"WE REMAIN CONFIDENT OF MAKING PROGRESS FOR YEAR AND EXPECT A STRONG FINAL QUARTER"​.

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