NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Plant Automation Technology portal grants a dynamic and diverse feed of news items.

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Resolute Forest Products (RFP) was one of the Russell 2000's biggest losers for Tuesday March 01 as the stock slid 5.85% to $4.83, a loss of $-0.3 per share. Starting at an opening price of $5.03 a share, the stock traded between $4.76 and $5.18 over the course of the…

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Biggest gain on record for Canadian forest-products firm `It’s not taking a lot of volume to get things moving' Resolute Forest Products Inc., a Canadian pulp and paper producer, is on track for a record surge following a jump in newsprint prices. The Montreal-based company is raising newsprint prices by…

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Cigarette paper producer Schweitzer-Mauduit reduces capacities in Saint-Girons, France. The mill's PM 1 is to be closed in June. Schweitzer-Mauduit (SWM) is planning to close one of the machines at the mill of its subsidiary Papeteries de Saint-Girons in southern France. A spokesman for the Filpac CGT union told EUWID…

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Another of Tasmania's major industrials has agreed to reduce its power usage to help Hydro Tasmania deal with the state's energy crisis. Tasmania's fourth biggest power user Norske Skog will voluntarily reduce load at its Boyer Mill for one week, starting from the middle of next week. One of the…

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Grupo Iberpapel's net profit amounted to Euro 16.1 million in 2015, growth of 76.83% from 2014 (Euro 9.1 million). EBITDA, meanwhile, came in at Euro 31.5 million, up 20.20% year-on- year. Revenue rose 9.05% from 2014 to Euro 216.2 million, as the company said in the press release received by…