Starting the year "firing on all cylinders,"Graphic Packaging(GPK) CEO David Scheible said every key operating metric was trending positively as the quarter began.Read more
Among others, the mill will reportedly have to repay between 7.95% and 10% of its subordinated debts within 1 year following the start of the settlement process.
The court has also appointed a receiver, Alberto Zucchinelli, and a meeting with the creditors is planned for June 6 in order to vote on the restructuring plan.Read more
The unit, dubbed PM 38, was scheduled to come online by December 2013. Ultimately, it was fired up in January. The firm did not explain the delay.
Meanwhile, Nine Dragons is once more advancing the schedule for a new 350,000 tonne/yr recycled containerboard PM in Vietnam.Read more
Targets Incremental Annual Cost Savings of $100 to $125 million, with at Least $75 million to be Realized in 2014
Expects to Return $700 million to Shareholders, including Proceeds from the Forestland Assets Sale
Fourth Quarter EPS Expected to be in Line with Current Analyst Consensus
The higher revenue resulted from a 15.6% gain from higher prices for its linerboard and corrugating medium, and corrugated boxes, and also a 1.7% increase in volume, according to the company.
The firm also reported "relatively stable input costs."Read more
NORTHBROOK, IL, Dec. 11, 2013 (PRNewswire) -KapStone Paper and Packaging Corporation (KS) today announced that its Board of Directors has approved a two-for-one (2:1) split of the Company's common stock at today's regularly scheduled board meeting. The stock split will be structured in the form of a stock dividend.Read more