Orient Paper, Inc. (NYSE MKT: ONP) (“Orient Paper” or the “Company”), a leading manufacturer and distributor of diversified paper products in North China, today announced that it resumed production at its manufacturing facilities on March 14, 2018. Production had been suspended since late January due to a government-mandated restriction on the supply of natural gas.
https://www.prnewswire.com/news-releases/orient-paper-inc-resumes-production-300614298.html
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OCTOBER 1 – DECEMBER 31, 2020 (compared with July 1 – September 30, 2020) *Net sales increased 6% to SEK 4,592m (4,338), mainly related to higher delivery volumes. *EBITDA margin increased to 30.0% (23.8).*Operating cash flow amounted to SEK 957m (1,118). JANUARY 1 – DECEMBER 31, 2020 (compared with January 1 – December 31, 2019) *Net sales declined 6% to SEK 18,410m (19,591). The fall in sales was mainly related to lower selling prices, which was partly offset by higher delivery volumes.*EBITDA margin of 24.1% (27.2). The decrease was mainly due to lower selling prices. *Operating profit amounted to SEK 1,145m (19,665). The difference was mainly due to one-off items from the discontinuation of publication paper operations in 2020 of SEK -1,694m and the changed accounting method for forest assets of approximately SEK 16bn in 2019. *Operating cash flow amounted to SEK 2,688m (2,916).
According to the report, total printing-writing paper shipments decreased 24 percent in November compared to November 2019. U.S. purchases of total printing-writing papers decreased 16 percent in November compared to the same month last year. Total printing-writing paper inventory levels increased one percent when compared to October 2020. Uncoated free sheet (UFS) paper shipments decreased 17 percent compared to November 2019 while the inventory level increased one percent compared to October 2020. UFS imports and exports both decreased compared to October 2019, down 12 percent and 40 percent, respectively. U.S. purchases of coated free sheet (CFS) papers in November decreased 23 percent compared to last November while the inventory level increased three percent compared to October 2020. CFS imports and exports both decreased compared to October 2019, down 42 percent and 18 percent, respectively. Coated mechanical (CM) paper shipments decreased 37 percent compared to November 2019 while the inventory level decreased three percent compared to October 2020. CM imports and exports both decreased compared to October 2019, down 35 percent and 43 percent, respectively. U.S. purchases of uncoated mechanical (UM) papers in November decreased 13 percent compared to last November while the inventory level increased two percent compared to October 2020. UM imports and exports both decreased compared to October 2019, down 14 percent and 44 percent, respectively.
Glatfelter reported first quarter of 2018 net income of $5.7 million, or $0.13 per diluted share compared with $11.6 million, or $0.26 per diluted share in the first quarter of 2017. Adjusted earnings for the first quarter of 2018 were $8.6 million, or $0.19 per diluted share compared with $17.2 million, or $0.39 per diluted share for the same period a year ago. Consolidated net sales totaled $410.6 million and $390.7 million for the three months ended March 31, 2018 and 2017, respectively. Foreign currency translation favorably impacted the year-over-year comparison by $21.8 million. On a constant currency basis, Composite Fibers’ net sales were essentially flat and Advanced Airlaid Materials’ increased by 7.8%. Specialty Papers’ net sales declined 3.1% in the year-over-year comparison. Click Read More below for additional information.