Valmet has been selected to supply a coated board making line, automation, and lifecycle services to a customer in Asia. The new line will produce premium-quality coated board grades and support the customer’s targets to strengthen their position as a leading producer in their field. The delivery will support the customer’s unique know-how and enable them to reach new levels of combined quality and production efficiency. The start-up of the machine is scheduled for 2028. The extensive board line order includes stock preparation and a complete board machine from headboxes to reel and winders. The consistent lifecycle performance of the machine is secured with automation, digital services, and paper machine clothing and spare parts packages. The order is included in Valmet's orders received for the third quarter of 2026. The value of the order will not be disclosed.

Orchids Paper Products Company reported results for the quarter ended June 30, 2017. The following tables provide selected financial results for second quarter 2017 compared to second quarter 2016 and first quarter 2017. Net sales decreased $1.0 million, or 2%. Major factors include: parent roll sales volume increased $3.7 million; converted-product sales volumes declined $2.3 million; and there was a decrease of $2.3 million in average converted-product prices, reflecting both the lower prices associated with new bids which became effective in 2017 and the product mix sold to a changing mix of customers. Cost of sales increased $4.4 million, or 13%. Standard cost of sales for parent rolls increased $2.4 million due to the much higher number of parent-roll tons sold. This leaves a $2.0 million, or 7%, increase in cost of sales that is primarily attributable to converted product sales. Major contributors to this increase include: start-up costs at Barnwell including additional direct labor and overhead, the liquidation of older higher-cost inventory, fiber and other material cost increases, labor usage, and health care cost increases. Additionally, the second quarter of 2016 benefited from the recovery of $1.1 million in business interruption insurance proceeds, which did not reoccur in 2017. Click Read More below for additional detail.

Xerox (NYSE: XRX) announced today that its board of directors declared a quarterly cash dividend of $0.25 per share on Xerox common stock. The dividend reflects the one-for-four reverse stock split that became effective on June 14, 2017. The dividend is payable on October 31, 2017 to shareholders of record on September 29, 2017.