Nine Dragons Paper, the biggest manufacturer of packaging paper in China, has commissioned Voith to build and deliver three XcelLine paper machines for the production of high performance testliner and white top testliner. The three lines will further strengthen the paper manufacturer’s leading position in the packaging paper segment. The commissioning of the machines is planned for 2022 and 2023. “We are delighted to have received the orders from China’s largest packaging paper manufacturer Nine Dragons and we look forward to our renewed collaboration on a partnership basis,” says Hanson Zhao, Vice President Sales & Application Asia at Voith Paper. The planned daily production volume of the three identical paper machines is especially high: approximately 2,400 metric tons each, at production speeds of 1,400 m/min. In order to meet these requirements, the components must be extremely high-performing and robust. The elaborate former design of the machines, which are equipped with a DuoFormer DII E, allows for the required speed with high basis weights at the same time.

The Dutch Beers and Collectors Association (BAV) has awarded the Dutch beer brewer HOOP Bier as the winner of the best and the most beautiful beer label 2017 at the Dutch BAV beer label competition. The competition is open for all beer brewers from the Netherlands. During the BAV Autumn Fair in September 16, an expert jury chose the Old Ale's label "Oudt Heyn and syn wyf" by HOOP Bier as the winner. The main contributors for the win were the design, appearance and the label mentioning recommendations for preferred food to partner the beer. The concept and design of HOOP Bier was made by PROUDdesign, an agency specialized in packaging and brand-design. Click Read More below for additional detail.

Fourth Quarter Highlights Include (all results compared to the fourth quarter 2019 unless otherwise noted): Net income of $44.4 million or $0.74 per diluted Class A share decreased compared to net income of $65.0 million or $1.09 per diluted Class A share. Net cash provided by operating activities increased by $5.0 million to $200.4 million. Adjusted free cash flow(3) increased by $23.7 million to $173.9 million. Awarded a Gold Rating in sustainability performance for the third consecutive year by EcoVadis. Fiscal Year Highlights Include (all results compared to the fiscal year 2019 unless otherwise noted): Net income of $108.8 million or $1.83 per diluted Class A share decreased compared to net income of $171.0 million or $2.89 per diluted Class A share. Net cash provided by operating activities increased by $65.2 million to $454.7 million. Adjusted free cash flow increased by $78.4 million to $346.2 million.