Madison Paper Industries, a partnership of UPM and Northern SC Paper Corp., a subsidiary of The New York Times Company, concluded the sale of its hydro power facilities to Eagle Creek Renewable Energy, LLC, a hydroelectric power producer, based in Morristown, NJ, USA on 31 July 2017.
The transaction was announced by Madison Paper Industries in April 2017.
http://www.upmpaper.com/whats-new/all-news/Pages/Madison-Paper-Industries-concluded-the-sale-of-its-hydro-power-facilities-in-Nor-001-Tue-01-Aug-2017-08-33.aspx
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Ahlstrom accelerates its development of safe and sustainable specialty materials by providing product-specific carbon footprint through an automated life cycle assessment (LCA) platform. The platform enhances Ahlstrom’s eco-design capabilities, enabling product innovation through real-time, product-specific LCA carbon footprint data helping customers to cost-efficiently reduce their environmental impact at scale. "In recent years, we have made strong progress in improving the quality, depth, and coverage of our sustainability data. By leveraging the LCA platform, we can harness big data to create value for our customers. With product digital twins, we can optimize product specifications, costs, and sustainability while accommodating customer needs and constraints” said Johan Lunabba, Vice President, Sustainability & Public Affairs at Ahlstrom. The access to data-driven Product Life cycle Assessment platform supports Ahlstrom’s sustainability strategy and commitments which have gained global recognition.
Executive Summary
◦Second quarter 2017 net sales of $4.6 billion decreased 1 percent compared to the year-ago period, as organic sales were down 1 percent. Organic sales fell 2 percent in North American consumer products, reflecting category softness, less promotion shipments and competitive activity. Outside North America, organic sales declined 3 percent in developed markets and rose 2 percent in developing and emerging markets.
◦Diluted net income per share for the second quarter was $1.49 in 2017 and $1.56 in 2016. Results were impacted by lower sales and input cost inflation, while the comparison benefited from cost savings. Second quarter adjusted earnings per share were $1.53 in 2016, which excludes items described later in this release.
◦Full-year 2017 net sales and organic sales are expected to be similar, or up slightly, year-on-year. The company's previous estimate was for sales and organic sales to be up 1 to 2 percent.
◦The company anticipates full-year 2017 earnings per share will be at the low end of its target range of $6.20 to $6.35. Click Read More below for additional details.
Suzano Papel e Celulose announces its consolidated results for the second quarter of fiscal year 2017 (2Q17). In the second quarter of 2017, the pulp segment continued to deliver solid results, driven mainly by strong and healthy demand from Asia. The commodity’s positive fundamentals once again supported successive price increases in all regions. The weaker BRL also had a positive effect on industry profitability. The paper segment remained pressured by Brazil’s caustic macroeconomic scenario. The Suzano Mais Program, which works to strengthen relations with agents at the end of the value chain, helped to enhance the profitability of the paper business. Click Read More below for additional detail.