Glatfelter reported net income of $12.1 million, or $0.27 per diluted share for the third quarter of 2017 compared with net income of $19.6 million, or $0.44 per diluted share in the third quarter of 2016. Adjusted earnings for the third quarter of 2017 was $21.9 million, or $0.50 per diluted share compared with $24.0 million, or $0.54 per diluted share, for the same period a year ago. On an adjusted basis, earnings before interest, taxes, depreciation and amortization and excluding pension expense (“Adjusted EBITDA”) for the three months ended September 30, 2017 and 2016, totaled $50.6 million and $49.1 million, respectively, an increase of 3.1%. Adjusted earnings and Adjusted EBITDA are non-GAAP financials measures for which reconciliations to the nearest GAAP-based measure are provided within this release. Consolidated net sales totaled $413.3 million and $405.3 million for the three months ended September 30, 2017 and 2016, respectively. In the Composite Fibers and Advanced Airlaid Materials business units, net sales increased by 5.0% and 6.6%, respectively, on a constant currency basis. Specialty Papers’ net sales declined 4.0% in the quarter-over-quarter comparison. Click Read More below for additional information.

On the occasion of the re-start of Paper Excellence’s Chetwynd pulp mill, the media-shy company opened up a bit in an interview with Business in Vancouver. “Many pulp manufacturers look at the pulp industry [to be in] sunset,” Chang told the magazine. “Paper Excellence, our vision is different. We look at it as sunrise. We will be here for a century – as far as Asia continues emerging.” Paper Excellence does have the benefit of selling its pulp to APP mills, not on the open market, so it is not as vulnerable to pulp price fluctuations, Chang explained.

The new disc filter is perfectly suited to all system applications for many different pulp types and leads the way for upgraded performance and reliability in fiber processing. The PrimeFilter D builds on ANDRITZ disc filter technology, which has been well proven over decades, and brings together several key technological innovations in one unit to improve throughput and reduce both investment and operating costs: *HHw technology for advanced feeding and optimum flow conditions within the filter. Thus, the PrimeFilter D can handle higher feed consistencies and higher-freeness pulp, even in the most demanding applications. *CC bagless sectors, offering significant improvements in terms of operation thanks to very homogeneous fiber mat build-up as well as fast mat knock-off. The special design of the sectors eliminates the need for a filter bag and reduces maintenance to almost zero. *Two-level shaft sealing: The innovative, double sealing arrangement is easily accessible and ensures greater reliability and superior filtrate quality.