Brazil’s Suzano Papel e Celulose SA (SUZB3.SA) will pay Fibria Celulose SA’s (FIBR3.SA) shareholders 52.50 reais ($15.92) per share in a merger that will create the world’s largest pulp maker, the companies said in statements on Friday.
Additionally, Fibria’s shareholders will receive 0.4611 shares of Suzano for every share they hold in Fibria.
https://www.reuters.com/article/us-fibria-m-a-suzano-papel/brazils-suzano-will-pay-52-50-reais-per-share-of-fibria-in-merger-statement-idUSKCN1GS1JH
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Norske Skog said that work is nearing completion on PM1 at its mill in Skogn, Norway, that will give the machine the capability to produce high-quality book paper, along with its usual paper grade, newsprint.
The new book paper will be marketed under the brand name "NOR Book."
"The development represents an investment of NOK 40 million (EUR 3.5 million), giving us the flexibility to produce more than 140,000 tonnes annually," the company said. "NOR Book will be produced from 100% virgin fibre and is designed to deliver industry-leading low CO2 emissions.
The new PrimeLineTAD machine will be supplied with state-of-the-art energy efficient process equipment to meet P&G’s demanding sustainability targets. ANDRITZ and Procter & Gamble have been strong business partners for many years. In 2007, ANDRITZ supplied and started up a TAD tissue/towel machine at Procter and Gamble’s Green Bay, Wisconsin, USA site that fully met P&G’s expectations. This was followed by another TAD tissue/towel machine at Procter and Gamble’s Box Elder facility, which started up successfully in 2011. Procter and Gamble, one of the largest manufacturers of premium consumer bath tissues and paper towels in North America, produces the brands of Charmin, Puffs, and Bounty.
U.S. purchases of total printing-writing papers increased seven percent in February compared to the same month last year. Total printing-writing paper inventory levels decreased one percent when compared to January 2022. U.S. purchases of uncoated free sheet (UFS) papers in February increased five percent compared to last February while the inventory level decreased two percent compared to January 2022. UFS imports and exports both decreased compared to January 2021, down 16 percent and 28 percent respectively. Coated free sheet (CFS) paper shipments increased eight percent compared to February 2021 while the inventory level increased one percent compared to January 2022. CFS imports increased 43 percent while exports decreased 23 percent in January 2022. U.S. purchases of coated mechanical (CM) papers in February decreased nine percent compared to last February while the inventory level increased one percent compared to January 2022. CM imports and exports both decreased compared to January 2021, down four percent and 12 percent respectively. Uncoated mechanical (UM) paper shipments remained essentially flat (+0.3%) compared to February 2021 while the inventory level increased four percent compared to January 2022. UM imports and exports both increased compared to January 2021, up two percent and 25 percent respectively.