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KapStone Reports Fourth Quarter And Full Year Results

KapStone Paper and Packaging Corporation (NYSE:KS) reported preliminary results for the fourth quarter and year ended December 31, 2016.

As compared to 2015's fourth quarter, results for 2016's fourth quarter:
-Net sales of $777 million, up $13 million, or 2 percent
-Net income of $18 million, up $7 million, or 55 percent
-Diluted EPS of $0.19, up $0.07 per share, or 58 percent

Non U.S. GAAP financial measures for 2016's fourth quarter as compared to 2015's fourth quarter:
-Adjusted EBITDA of … mehr
Erschienen am 21. Februar 2017, 0:00 Uhr

Stora Enso plans to shut down one SC paper machine at Kvarnsveden Mill in Sweden

Stora Enso will start co-determination negotiations with employees at its Kvarnsveden Mill in Sweden regarding a plan to reorganise the mill, including a permanent closure of paper machine (PM) 8. The planned actions would affect a maximum of 140 employees. The paper machine has an annual capacity of 100 000 tonnes of super-calendered uncoated magazine paper (SC) and it is planned to be shut down by the end of the second quarter of 2017.

The plan would result in annual cost savings of EUR 12 … mehr
Erschienen am 21. Februar 2017, 0:00 Uhr

Digitalization and automation crucial for the survival of Scandinavian industries according to ...

... new study

There is an urgent need to create a new industrial paradigm in Sweden where not only environmental sustainability is safeguarded, but also new business models that secure long-term competitiveness. That is one of the key findings in the outlook report “The road ahead for Scandinavian industry”, published by Tieto and KTH.

Digitalization is pressing on, customer demands are more challenging than ever and environmental concerns are calling for a re-organised approach … mehr
Erschienen am 21. Februar 2017, 0:00 Uhr

Sappi delivers strong first quarter; announces major investments in speciality packaging grades

Financial summary for the quarter
-EBITDA excluding special items US$201 million (Q1 2016 US$175 million)
-Profit for the period US$90 million (Q1 2016 US$75 million)
-EPS excluding special items 16 US cents (Q1 2016 13 US cents)
-Net debt US$1,338 million, down US$396 million year-on-year

Investments to enhance competitive advantage and increase speciality packaging capacity
-Increased capability to produce paper-based packaging at Somerset Mill in the USA
-Lightweight packaging and speciality … mehr
Erschienen am 21. Februar 2017, 0:00 Uhr

DS Smith chooses KBA large format again for its new facility in Erlensee

KBA has already been supplying sheetfed offset technology to the Hanau facility of international packaging group DS Smith for several decades. Other DS Smith locations also work with Rapida sheetfed offset presses, predominantly in large format. It is thus no great surprise that the new production centre for display and consumer packaging in nearby Erlensee will again be relying on highly automated large-format Rapidas from KBA-Sheetfed.

Photo: A new six-colour Rapida 145 coater press is the … mehr
Erschienen am 21. Februar 2017, 0:00 Uhr