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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Kimberly-Clark Corporation recently reported second quarter 2014 results and narrowed its guidance for full-year 2014 adjusted earnings per share. Second quarter 2014 net sales of $5.3 billion increased 1 percent compared to the year-ago period. Organic sales rose 5 percent, including a 10 percent increase in K-C International. Organic sales…

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The state Department of Ecology has approved a permit by Port Townsend Paper Corp. for a $5 million project to add two pulp refiners. The mill received the permit Monday for the refiners, which mill officials say will strengthen paper pulp more cheaply than chemical alternatives. “Whatever merits the project…

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B.C.’s Energy Minister is throwing a lifeline to the province’s pulp mills, with up to $100 million for energy conservation projects to help offset rising industrial electricity rates. Bill Bennett will make the announcement in Surrey Thursday, flanked by four mill companies that had publicly warned they could be driven…

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Rottneros has improved its half-year results compared to the first six months of 2013. The company benefited from higher pulp prices and lower operating costs. Rottneros has emerged from the red. After posting an operating loss of SEK22m and a net loss of SEK24m in the first half of 2013,…

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India’s largest paper company, Avantha Group owned Ballarpur Industries says that its Dutch subsidiary Ballarpur International Graphic Paper Holdings files to float through IPO on Singapore Stock Exchange. It was on July 21, 2014, the submission was made to list its equity shares on Singapore Stock Exchange (SGX-ST) and Monetary…

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Suzano Papel e Celulose SA (SUZB5), the company with the cheapest stock in Latin America, is a buy at Banco Bradesco SA and Coinvalores on prospects a new plant will bolster earnings at the Brazilian paper maker. While the shares have more than doubled since July 2012, their valuation remains…

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Woodfree coated paper manufacturers doing business in Italy are no longer willing to accept low prices and narrow margins, and have announced plans to increase their selling prices for all deliveries starting in September in most instances. Woodfree coated paper manufacturers are determined to bring their margins back to a…

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Vinda International's revenue rose by 11.1% year on year to HK$3,680.0 million, with its sales growth rate excelling the industry's average. Overall gross profit margin rose to 29.5% because of the optimization of the product mix. Revenue from E-commerce extended to 5.1%. In July 2014, Vinda International successfully built up…

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UPM has agreed to become the exclusive distributor of Domtar's BioChoice™ lignin in Europe, effective Aug. 1, 2014. BioChoice lignin is produced at Domtar's biorefinery in Plymouth, North Carolina. A by-product of the kraft pulping process, BioChoice is a 100% bio-based sustainable alternative to fossil-based products, and also holds the…

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Total U.S.boxboard production increased 1.2% when compared to June 2013 and decreased 0.6% from last month, as the American Forest & Paper Association said in the press release received by Lesprom Network. Unbleached Kraft Boxboard production increased over the same month last year, and increased compared to last month. Total…