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ANDRITZ AG Annual General Meeting approves dividend increase to 1.50 euros per share

At today’s 110th Annual General Meeting of ANDRITZ AG, the shareholders agreed to raise the dividend to 1.50 euros per share for the 2016 business year (2015 : 1.35 euros per share). The ex-dividend date is March 30, 2017, and the date of dividend payment is April 3, 2017.

Christian Nowotny, Chairman of the Supervisory Board of ANDRITZ AG, was re-elected to the Supervisory Board for the maximum period stipulated in the Articles of Association (i.e. until the end of the Annual General Meeting that will decide on the discharge for 2021). Christian Nowotny was appointed a member of the Supervisory Board of ANDRITZ AG in December 1999 and has been Chairman of the Supervisory Board since March 2014.

All items on the agenda were approved by the shareholders present at the Meeting.

2017-03-28 
New phase in Klabin's management

After six years of dedicated service, Fabio Schvartsman, the Chief Executive Officer of Klabin, has announced his departure from the company to take on yet another important challenge in his career : Chief Executive Officer of Vale.

During his time at the helm of Klabin, Schvartsman established a new cycle of management and results in the company. Since 2011, the company has doubled its production capacity, entered new business segments, tripled its market value and kept its financial results growing for 22 quarters in a row. On the question of management, Schvartsman always focused on valuing professionals and, especially on the executive board, strengthened the team’s functioning in an integrated manner and driven by results and high performance.

Until the new CEO is decided, the company remains focused on its growth strategy and on achieving its business goals. “Our performance is based on a unique, sustainable and profitable business model that was designed over our 118-year history,” says Paulo Sérgio Coutinho Galvão Filho, Chairman of the Board of Directors of Klabin.​

2017-03-28 
Lucart recycle used beverage cartons into sanitary paper: a successful practice of circular economy in Novo Mesto Slovenia

Komunala Novo mesto d.o.o. was the first municipal services company in Slovenia to take part in a pilot project to close the materials cycle for waste milk, juice and other beverage cartons (used beverage cartons or UBCs). Through a series of specially designed activities, they were encouraging schools and households to collect UBCs separately and to pass as many of them on for recycling as possible. This was part of Novo Mesto’s efforts to gradually establish its own closed materials loop for waste BCs, thereby securing enough raw materials to produce its own supply of sanitary paper over the long term.

Komunala Novo mesto provides municipal services for eight municipalities covering a total population of 65,000. This population disposes enough waste milk and juice UBCs per year in yellow containers or bags to provide just enough resource of cellulose for the production of annual quantity of sanitary paper used by local public institutions – municipal government offices, schools, nursery schools, health centers, libraries and the like. Around 45 hectares of woodland would have to be felled to make this quantity of sanitary paper ; but if all UBCs in the area covered by Komunala Novo mesto were recycled into sanitary paper, this would meet the entirety of local needs and, moreover, save around 1,100 trees and provide total independency from primary resources. In a desire to lead the way in establishing this method of conserving the environment, Komunala Novo mesto has decided to take part in the pilot project.

2017-03-28 
Management Appointments at KaiCell Fibers

Finland’s bio-products mill project in Paltamo will complete a full Feasibility Study by the summer of 2017, and has taken steps to formalise its management structure.
Jukka Kantola, M.Sc., eMBA, is appointed CEO. He has held a number of management and leadership positions in international forest industry companies as well as being a strong influencer of new solutions within the bioeconomy since 2012.
Martin Doktar, M.Sc., becomes Director of Strategy, with special emphasis on investor relations. He brings an exceptionally wide international experience from sales and marketing, as well as major forest industry acquisitions and corporate restructuring.

2017-03-28 
Feldmuehle to present mineral oil barrier papers at Packaging Innovations 2017 in Berlin

The question about how to protect foodstuffs against mineral oil contamination has been a driving force for packaging designers and distributors, since a Stiftung Warentest study in 2012 found mineral oil residues in 24 chocolate advent calendars, widely publicising the issue.
Feldmuehle offers paper with mineral oil barrier, providing packaged goods with effective protection against mineral oil migration and contamination. These papers are used by brand owners for the packaging of dry and fatty foodstuffs.

2017-03-28 
Notification according to chapter 9, section 5 and 6 of the Securities Market Act: BlackRock Inc.'s holding in Metso

Metso Corporation has received a notification, pursuant to Chapter 9, Section 5 and 6 of the Finnish Securities Markets Act, about a change in the holding of mutual funds managed by BlackRock, Inc. of the total amount of shares and financial instruments entitling to shares of Metso Corporation.

On March 24, 2017, BlackRock, Inc.’s aggregate holding in Metso exceeded the 5 percent threshold and amounted to 7,627,022 shares or 5.07 percent of Metso’s shares and votes. BlackRock, Inc.’s holding through financial instruments in Metso Corporation amounted to 345,449 shares, which corresponds to 0.22 percent of the total amount of shares in Metso Corporation. On March 24, 2017, BlackRock, Inc.’s total position in Metso Corporation amounted to 7,972,471 or 5.30 percent of Metso’s shares and votes.

Metso’s total number of shares and voting rights is 150,348,256.
BlackRock, Inc.’s holdings according to the notification :

2017-03-27 

In 2016, according to COPACEL, the French paper and board production was stable at 7.98 Mt. A positive result compared to 2015 (- 1,4 %). Packaging grades increased whereas Printing & Writing Papers went down, however to a lesser extent than in 2015. The 2016 Turn Over was also down 2 % (5,8 billion euros). The full report will be published in the April-May issue of “La Papeterie Magazine”.

2017-03-24 

On March 23, ATIP (the French Technical Association of Paper Industry) and RTE (Réseau de transport d’électricité) organized a Technical Day dedicated to electrical power. The discussions were focused on a number of subjects : markets, Grid access, electricity quality, Data management… Some 30 people attended this meeting which took place in Norske Skog Golbey, near Nancy (Eastern France). A mill visit was also organized.

2017-03-24 
Kemira Oyj: The Annual General Meeting approved EUR 0.53 dividend

The Annual General Meeting of Kemira Oyj approved the Board of Directors proposal of EUR 0.53 dividend per share for the financial year 2016. The Annual General Meeting elected six (previously seven) members to the Board of Directors. Annual General Meeting re-elected Wolfgang Büchele, Kaisa Hietala, Timo Lappalainen, Jari Paasikivi and Kerttu Tuomas and elected Shirley Cunningham as a new member to the Board of Directors. Jari Paasikivi was re-elected as Board’s Chairman and Kerttu Tuomas was re-elected to continue as the Vice Chairman.

Ms. Shirley Cunningham is working as Executive Vice President and Chief Operating Officer, Ag Business and Enterprise Strategy and as a member of the Senior Leadership Team at CHS Inc., USA. She currently serves on the board of directors of Ardent Mills, LLC, Ventura Foods, LLC and TEMCO, LLC. Ms. Cunningham holds master’s degree in business administration from Washington University.

2017-03-24 
Sofidel and Wateraid announce a three-year-partnership

Sofidel has always been committed to limiting the consumption of water in its production processes and now expands its activity, looking especially to the 6th UN Global Sustainable Development Goal, which aims to ensure access to water and sanitation for all.

The Sofidel Group, a world leader in tissue paper manufacturing, today announced the beginning of a three-year partnership with WaterAid, the NGO whose mission is to ensure access to safe water, sanitation and hygiene services in some of the world’s poorest communities.

WaterAid is a non-governmental organisation founded in 1981, and since then it has given 25 million people access to safe water and provided sanitation and hygiene for 24 million people in 30 countries.

2017-03-24 
BA Systèmes, winner of the 2nd French National Outdoor Robotics Competition

BA Systèmes, French leader in AGV-based intralogistics systems, was awarded at the 2nd French National Outdoor Robotics Competition for its latest automated vehicle, the HLT10, an outdoor shuttle.
The French Outdoor Robotics Competition, launched at the initiative of the French Ministry of Economy and Finance (DGE) and organized by ONERA within the framework of the “Nouvelle France Industrielle” i.e. New Industrial France, was held on March 7, 2017, at the Museum of Air and Space, in Paris Le Bourget.
A competition rewarding a robotic industry of French excellence
This competition offered a panorama of technologically innovative robotic systems from French companies and laboratories in order to develop a growing industrial sector with strong growth potential. The prizes, awarded by a jury composed of robotics and industry professionals, were based on demanding criteria at the crossroads of many technological challenges, such as the quality of human/robot interaction, economic impact, labor pain reduction, technological innovation, ease of implementation and, of course, safety.

2017-03-24 
Committees of Metso's Board of Directors

Metso Corporation’s Board of Directors has elected members of the Audit Committee and the Remuneration and HR Committee from among its members as follows.

The Audit Committee : Arja Talma (Chairman), Lars Josefsson and Nina Kopola.

The Remuneration and HR Committee : Mikael Lilius (Chairman), Christer Gardell and Ozey K. Horton Jr.

Personnel representation

Mr. Raimo Brand has been invited to participate in the meetings of Metso’s Board of Directors as the personnel representative elected by Metso’s personnel groups in Finland. He will participate in the meetings of the Metso’s Board of Directors as an invited expert, and his term of office is the same as the Board members’ term.

2017-03-23 
Decisions taken by Metso's Annual General Meeting 2017

Metso Corporation’s Annual General Meeting (AGM) was held today in Helsinki, Finland.

The AGM approved the Financial Statements for 2016 and decided that a dividend of EUR 1.05 per share will be paid for the financial year ended on December 31, 2016. The dividend will be paid on April 4, 2017 to shareholders registered in the company’s shareholder register maintained by Euroclear Finland Ltd. on the record date of March 27, 2017. AGM discharged the members of the Board of Directors and the President and the CEO from liability for the 2016 financial year.

The AGM confirmed the number of Board members as seven and re-elected Mikael Lilius as Chairman of the Board and Christer Gardell as Vice Chairman. Peter Carlsson, Arja Talma, Ozey K. Horton Jr., Lars Josefsson and Nina Kopola were re-elected as members for a new term. The term of office of Board members will last until the end of the next AGM.

2017-03-23 
Ratings: Brazil pulpmakers — UBS sees short-term price steam reversing later; raise HW price forecast to $551 from $492

According to UBS Securities analysts, pulp price support is likely to continue through the middle of this year, as channel checks suggest buyers’ inventory remain relatively low
As such, the analysts, led by Andreas Bokkenheuser, raised their hardwood pulp price forecast to $551 a tonne this year from a prior estimate of $492 ; still, they lowered their price projections for 2018 to $480 a tonne from $500 previously.
Shares in Fibria SA, the Brazilian firm that is also the world’s No. 1 eucalyptus pulp producer, are down 15 pct this year, while those of smaller rival Suzano Papel & Celulose SA have shed 13.6 pct in the same period

2017-03-23 
Global paper and forest products industry outlook to remain stable on steady operating income growth

The report covers European companies Mondi, Norske Skog, Smurfit Kappa, Metsa Board, WEPA, UPM-Kymmene, Stora Enso, The Navigator Company, Sappi, Lecta and ENCE.

Overview :

Higher prices and stronger wood product, paper packaging and market pulp demand offsetting rising input costs and lower paper demand will keep the outlook for the global paper and forest products industry stable. Consistent with the stable outlook, the rating agency expects consolidated operating income increases of 2-4% for its 46 globally-rated forest product companies over the next 12-18 months.

2017-03-23 
Resolutions of the Annual General Meeting of Valmet Oyj

The Annual General Meeting of Valmet Oyj was held in Helsinki today. The Annual General Meeting adopted the Financial Statements for 2016 and discharged the members of the Board of Directors and the President and CEO from liability for the 2016 financial year. The Annual General Meeting approved the Board of Directors’ proposals concerning authorizing the Board to decide on repurchasing company shares and to resolve on the issuance of shares and the issuance of special rights entitling to shares.

Dividend payment

The Annual General Meeting decided to pay dividends of EUR 0.42 per share for the financial period ended on December 31, 2016. The dividend shall be paid to shareholders who on the dividend record date of March 27, 2017 are registered in the company’s shareholders’ register held by Euroclear Finland Ltd. The dividends will be paid on April 6, 2017.

2017-03-23 
Composition of the committees of Valmet Oyj's Board of Directors

The Board of Directors of Valmet Oyj has held its organizing meeting after the Annual General Meeting 2017. The Board of Directors has noted that all Board members are independent of the company. With the exception of Aaro Cantell, all other board members are independent of the company’s significant shareholders. Valmet’s definition of Board members’ independence complies with the Finnish Corporate Governance Code.

In its organizing meeting, the Board of Directors of Valmet Oyj has elected the members of the Audit Committee and the Remuneration and HR Committee from amongst its members.

The members of the Audit Committee are Lone Fønss Schrøder (Chairman), Eriikka Söderström and Tarja Tyni.

The members of the Remuneration and HR Committee are Bo Risberg (Chairman), Aaro Cantell and Jouko Karvinen.

2017-03-23 
JSC Volga has become the most public transparent company of the pulp-and-paper industry in 2016

Such conclusions were made by the draftsmen of “The Timber Companies Public Transparency Rating” published in Lesnaya Industriya [Forestry Industry] business magazine (№1-2 for 2017).
Every year Analytical department of the Lesnaya Industriya [Forestry Industry] conducts a research of the Russian timber companies for 52 parameters such as ownership structure of the Company, the data of the principal shareholders, financial statement disclosure, presence of the Charter and the Code of Corporate Conduct .
That rating took the presence of the published press releases of the companies, systematic renewal of the news on the website into account.
This year the eight mills of the pulp-and-paper industry which were formerly in the middle of the list are ranked in the Top-10 of “The Public transparency rating” of 2017, in addition to the woodworking companies which were in the top of the rating in 2016.

2017-03-23 
Sulzer and ABB announce UK service agreement for large motors and generators

Sulzer has been chosen to provide the UK market with maintenance and repair services for ABB medium and high voltage motors and generators. The agreement provides ABB customers with direct access to the specialist skills and extensive facilities of Sulzer’s service centers in Birmingham and Falkirk.

As ABB’s first Loyalty Partner to provide workshop and repair services to its range of large motors and generators, Sulzer will provide inspection, remedial work, modifications, repairs and rewinds of ABB’s large machines rated at 6.6 kV and above. All repairs will be completed to ABB approved standards using original spare parts.

Sulzer has been appointed after the successful completion of an audit of it facilities, core competencies and consistently high quality, all of which are required to meet ABB’s exacting standards. Recent investment by Sulzer in its electromechanical equipment has helped to secure this service agreement.

2017-03-23 
SkySoft Creping Blade with Ceramic Coating helps to increase Tissue Productivity
  • Constant tissue quality
  • Highly wear-resistant, longer lifetime
  • Excellent compatibility with Yankee cylinders

 SkySoft is a new creping blade from Voith that ensures constant tissue quality. The specially developed ceramic tip of the SkySoft creping blade is highly wear-resistant for a longer lifetime and less machine downtime. SkySoft was also designed to reduce friction on the Yankee cylinder, avoiding damage to its surface.

2017-03-23 
Munksjö site in Rottersac, France, receives ISO 22000 Food Safety certification

Munksjö, a world-leading manufacturer of advanced specialty papers announces that its Rottersac production site in France has been awarded ISO 22000:2005 certification by SGS for its Food Safety Management System.

A large proportion of the technical papers manufactured at the Rottersac mill include products for the food packaging industry. These packaging papers serve various end-use applications in the bakery, confectionery, fresh produce and dairy markets. Exemples include baking papers and flexible packaging papers for take-away food, sweets, cheese and butter, to name a few.

2017-03-23 
The parternship between Toscotec and EuroVast continues: a new MODULO-PLUS will be supplied for Cartiera della Basilica at Botticino’s plant.

The Italian company EuroVast has chosen Toscotec again to expand the capacity of its Cartiera della Basilica at Botticino’s plant.
The new machine, a MODULO-PLUS crescent former with single press configuration, TT SYD-3200MM and TT MilltechHood, is the perfect solution to meet Eurovast’s need : high quality tissue product, attention to energy saving and eco-sustainability were determining factors in choosing advanced Toscotec’s technology for this project .

2017-03-23 
“Circular by Nature” - new FEFCO campaign launched

On 21st of March, FEFCO participated in a high-level forum discussing the role of packaging in the Circular Economy. The debate, organised by EURACTIV with the support of FEFCO, attracted around 80 participants from EU authorities, NGOs, industry and other EU stakeholders.

2017-03-22 
Metso honored with Best Foreign Entrepreneur 2016 award in South Korea

The South Korea Chamber of Commerce and Industry has awarded Metso in South Korea with the prize of Best Foreign Entrepreneur in 2016, commended by the Prime Minister of the Republic of Korea Hwang Kyo-ahn.

Metso South Korea received this recognition for its outstanding contribution to national industrial development by promoting commerce and industries.

2017-03-22 

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