April 2020

NORTH CHARLESTON, SC , April 29, 2020 (Press Release) -
• Net sales of $288.2 million were up 4.1% versus the prior year quarter’s sales of $276.8 million.
• Net income of $45.3 million was up 99.6% versus net income in the prior year quarter of $22.7 million; net income as a percentage of sales was 15.7%, compared to 8.2% in the prior year quarter; diluted earnings per share were $1.08 compared to $0.54.

BRUSSELS, April 30, 2020 (Press Release) -A third wave of blank sailings has been announced recently by the 2M, Ocean Alliance and THE alliances. The current capacity reduction, in particular on the Far East-Europe trade, varies between 20% and 37%, depending on the alliance. Apart from blank sailings, lockdowns have also had an impact on the trades to and from South Africa and India/Pakistan, showing that the pandemic has a wider impact than just the main east-west trades.

ESSEN, Germany, April 30, 2020 (Press Release) -Brenntag, the global market leader in the distribution of chemicals and ingredients, has published its sustainability report for fiscal year 2019. Here, the company documents its global activities, targets and performance in the field of sustainability. Among other things, the latest report gives insight into the areas of occupational health and safety, compliance and data protection, personnel retention and development, process safety and environmental protection.

ESPOO, Finland, April 30, 2020 (Press Release) -Valmet will supply Valmet DNA automation systems to Shandong Sun Paper Industry Joint Stock Co., Ltd. (Sun Paper) in China. The two systems will be installed on the company's paper machine PM 39 and PM 40, enabling the lines to increase availability, production efficiency and optimize operation.

The order was included in Valmet's orders received of the first quarter 2020. The delivery will take place in the third quarter of 2020.

ESPOO, Finland, April 29, 2020 (Press Release) -Valmet has received an order from Zespół Elektrowni Pątnów-Adamów-Konin SA (ZE PAK) to convert a lignite-fired boiler into a biomass-fired boiler at its power plant in Konin, Poland.

The order is included in Valmet’s orders received of the second quarter 2020. The value of the order is approximately EUR 20 million. The converted boiler plant will be handed over to the customer in the autumn of 2021.