Fourth Quarter and Full-Year 2014 Highlights:
Fourth quarter earnings from continuing operations were $0.31 per share; earnings ex-items were up 59% to $0.46 vs. $0.29 on the same basis in the prior year
Full-year earnings from continuing operations were $1.53 per share; earnings ex-items were up 80% to $1.85 vs. $1.03 on the same basis in the prior year
Fourth quarter and full-year sales both grew 5% from gains across targeted packaging and specialty chemicals markets
Twenty years ago today an upstart Pratt Industries launched what was to become a revolution in the paper and packaging industry with the production of its very first reel of 100 percent recycled paper.
Cheered on by a group of pioneering engineers, operators and maintenance crews that had worked tirelessly on the construction and start up of the facility, the new machine produced its first sheet at exactly 2:36am on January 23rd, 1995.Read more
Metsä Board, Europe's leading producer of fresh forest fibre cartonboards and the world's leading manufacturer of coated white-top kraftliners, is showing its extensive portfolio of lightweight packaging boards designed to give premium presence combined with sustainability at PCD - Packaging of Perfume, Cosmetics & Design.Read more
Robert H. Chapman, Chairman and CEO, has announced that Tim Noonan has been appointed to Barry-Wehmiller's Board of Directors. Noonan is Vice President, Ventures, part of Boeing Defense, Space & Security. Ventures works with Boeing entrepreneurs to validate, accelerate and commercialize promising business ideas. He is a member of the Aspen Institute and a former United States Marine Corps officer. He holds a bachelor's degree from the United States Naval Academy and an MBA from the University of Pennsylvania.Read more
Weyerhaeuser Co. will start laying off about 160 liquid packaging workers Tuesday, but everyone may be back on the job by Feb. 6, the Association of Western Pulp and Paperworkers said Thursday.
Company officials told the union of its plans this week.
The extruders, which are used to make laminate paper packaging, will be down from Tuesday through Feb. 5. The paper machine and lab will be down from Jan. 31 through Feb. 5, according to a letter to AWPPW members from Local 633 secretary Lowell Lovgren.Read more
The Fibre Box Association (FBA) is pleased to welcome Mary Alice Drain as the newest member of our staff. Mary joins our technical team of Brian O'Banion, Vice President of Technology and Dave Carlson, Technical Manager, as a new Technical Manager responsible for managing the technical, safety & health, and environmental issues for the association.Read more
Valmet will supply Zhejiang Long Chen Paper with a new headbox, press section and sizer for its new PM7 containerboard machine to be located in the company's Dushan mill in Jiaxing City in China. The start-up of the machine is scheduled for 2015.
The order is included in Valmet's fourth quarter 2014 orders received. The value of the order will not be disclosed.
Valmet's key technologies for containerboardRead more