The Rome mill has capacity to produce 2,500 tons/day of unbleached kraft linerboard on its two machines. Estimated production loss from the curtailment would around 60,000 tons. The mill is expected to resume production in early October.Read more
SAN FRANCISCO, Aug. 23, 2013 (RISI) -With a dramatic run-up in US containerboard company share prices this year, top executives at some firms gained large payouts -- even as analysts are also raising share price projections for some companies, PPI Pulp & Paper Week reported.
Packaging Corp of AmericaCEO Mark Kowlzan sold 85,000 shares in the open market on July 18 at $52.10/share for $4.429 million. KapStone VP and General Mgr Tim Keneally sold 68,161 for $44-45/share for $3.045 million.Read more
"Mills had been running behind on shipments but now are beginning to catch up, with all the deliveries arriving at the same time," one trader said. "All the railcars are suddenly showing up at customer's plants."Read more
SAN FRANCISCO, Aug. 9, 2013 (PPI Pulp & Paper Week) -Amcor has announced its intention to separate its Australasian and North American packaging business from its now more dominant international flexible and rigid plastics business.
After the demerger, the Australasia and Packaging Distribution (AAPD) business will be an independent company traded on the Australian stock exchange, and will include its former operations in containerboard, corrugated boxes, glass, and beverage can packaging operations. The spinoff is expected to be completed later this year.Read more
SAN FRANCISCO, Aug. 2, 2013 (PPI Pulp & Paper Week) -Pratt Industries received a "10-year job creation" tax credit from the state of Ohio to expand its corrugated sheet plant in Lewisburg in a project that would add 140 jobs, according to theDayton Daily News.
The project would reportedly include a new building and converting equipment. Pratt acquired Lewisburg Container, which was part of Love Box, in November 2005.Read more
SAN FRANCISCO, July 19, 2013 (PPI Pulp & Paper Week) -North American box demand has been fairly healthy for many integrated and independent converters, while containerboard is still in fairly tight supply, according to contacts.
"Many mills are still behind on shipments and the market will soon be going into the seasonally strong late-August-to-October period," one contact noted. "Mills are oversold, but not as much as last spring."Read more
PROPASA plans to install a 100,000 tonnes/yr containerboard machine along with a corrugated box plant at its mill in San Nicholas de los Garza mill near Monterrey in northeast Mexico, a company executive toldPPI Latin America.Read more
"We're no longer a diamond in the rough," says president Randy Nebel, referring to the way the mill was regarded at the time of the $2.15 billion acquisition, with the focus on the company's valuable timberlands (PPI, April 2010). The big Longview, WA, containerboard/kraft paper mill had been struggling to stay above breakeven and was on the road to potential closure itself.Read more