Alma cut-size Announcement
Effective with shipments on or after October 12, 2017, CellMark is increasing the prices on our virgin and recycled cut-size products as well as our white and colored file folder grades by $2.00/cwt. This includes – AlmaPlus; AlmaOffice; AlmaEco; File Folder.
If you have any questions regarding these changes, please call your sales representative.
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Shock as Feldmuehle opts to shut down entirely
More than a century of paper making at Feldmuehle will come to an end with the shock announcement that the mill cannot continue and will be shut down.
Feldmuehle announced that it was “not economically viable” to keep operating.
A source close to the company said the news had come as a shock for employees.
In a statement, the mill hit out at the energy situation in Germany, and stated: “It seems that there is no desire for energy-intensive industry to remain in Germany.”
Explaining the dramatic decision, Feldmuehle said: “In recent years, our company has made high-quality, capital-intensive investments in sustainability and energy efficiency.
“We have optimised and modernised processes, committed ourselves to training the next generation, developed new products and reduced our costs – all in a highly competitive environment.
Paper production at Feldmuehle has ceased, and the Uetersen mill will now finish and sell its remaining stocks over the coming weeks. It made wet strength label papers and flexible packaging papers, with annual capacity of around 80,000tpa.
The mill had been in operation for more than 120 years, with the business dating back to 1904.
Norske Skog: Broad support from bondholders, extension required
Norske Skog has so far received support from a clear majority of both the secured and the unsecured noteholders for the proposed recapitalization solution. Norske Skog has now likely surpassed the thresholds required to implement the transaction by way of Schemes of Arrangement. However, the transaction is also contingent upon support from the majority holder of the EUR 100 million NSF and the 2115 Perpetual Notes. The consent solicitation deadline is extended until Friday 3 November at 17:00 CET to allow sufficient time to allow for further discussions with the holders of NSF and Perpetual Notes. Click Read More below for additional information.