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Paper Packaging

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Billerudkorsnas Q3 EBITDA matches forecasts, sees strong Q4 demand

Tuesday, 17 Oct 2017 01:00am EDT

Oct 17 (Reuters) - Billerudkorsnas AB (Publ) :Q3 ‍net sales SEK 5,544 m​.Q3 ‍EBITDA SEK 1,051 m.Reuters poll: Billerudkorsnas q3 EBITDA was seen at SEK 1.06 billion, sales at 5.70 billion​.Says ‍EBITDA was affected by costs of sek 215 million for planned maintenance shutdowns​.Says ‍demand and order situation are expected to be strong in Q4 with normal seasonal variances for all business areas​.Says ‍packaging paper and corrugated solutions business areas see opportunities for local price increases in next quarter​.Says ‍wood costs for Q4 are expected to be unchanged​.Says ‍costs for planned maintenance shutdowns in Q4 are estimated at SEK 120 million​.Says ‍additional non-recurring costs at gruvön of around SEK 30 million for training and temporary staff are expected to impact Q4​​.Outlook for 2018: Says ‍paper prices in local currency are expected to increase.​.Outlook for 2018: Says ‍total raw material cost might be impacted by an increased market demand​.Outlook for 2018: Says ‍pulp price is expected to decrease during year​.Outlook for 2018: Says ‍production capacity is estimated to increase by approximately 1%.​.Outlook for 2018: Says ‍company expects additional non-recurring costs at gruvön of around SEK 150 million for loss of volumes, training and temporary staff​.Says MG machine, moved to Skärblacka from Tervasaari, will be started up and is expected to produce 40 ktonnes, mainly in the second half of the year.

Lee & Man Paper Manufacturing's HY net profit rises 53.4%

Monday, 21 Aug 2017 12:08am EDT

Aug 21 (Reuters) - Lee & Man Paper Manufacturing Ltd <2314.HK>:HY net profit increased by 53.4 pct to HK$2.19 billion.Declared interim dividend of HK17.0 cents per share..HY revenue increased by 36.7 pct to HK$11.44 billion.Tissue paper business is therefore expected to contribute considerable profit to group.In China, local demand for packaging paper is expected to grow steadily in long run.Group is optimistic about outlook of both packaging paper segment and paper industry as a whole.

Beijing Enterprises Clean Energy updates on developments of cigarette packaging business

Wednesday, 16 Aug 2017 10:21am EDT

Aug 16 (Reuters) - Beijing Enterprises Clean Energy Group Ltd <1250.HK>::Refers to announcements regarding co's cigarette packaging business which involves 2 of co's units First Prc Co and Second Prc Co.On 15 Aug, co came to know that financial information of First Prc Co and Second Prc Co for 2017 was missing.Has engaged forensic accountants for retrieval of the financial information from the electronic devices.Is in consultation with legal counsel to act against parties involved in unauthorised removal of information from records of units.

Mondi posts HY pre-tax profit 462 million euros

Thursday, 3 Aug 2017 02:00am EDT

Aug 3 (Reuters) - MONDI PLC ::HY GROUP REVENUE 3,582 MILLION EUROS VERSUS 3,312 MILLION EUROS YEAR AGO.HY PROFIT BEFORE TAX 462 MILLION EUROS VERSUS 482 MILLION EUROS YEAR AGO.DECLARES INTERIM DIVIDEND OF 19.10 EURO CENTS VERSUS 18.81 EURO CENTS YEAR AGO.NET DEBT AT 30 JUNE 2017 WAS 1,468 MILLION EUROS.SECOND HALF OF YEAR WILL BE IMPACTED BY PLANNED MAINTENANCE SHUTS AT NUMBER OF MILLS AND USUAL SEASONAL DOWNTURN IN UNCOATED FINE PAPER.WITH EFFECT FROM 1 OCTOBER 2017, GROUP WILL REORGANISE ITS BUSINESS UNITS TO REFLECT NATURE OF UNDERLYING PRODUCTS PRODUCED.UNCOATED FINE PAPER AND SOUTH AFRICA, EXCLUDING CONTAINERBOARD OPERATIONS, WILL BE MERGED INTO SINGLE BUSINESS UNIT.CONTAINER BOARD OPERATIONS OF SOUTH AFRICA WILL BE MERGED INTO PACKAGING PAPER.SAYS THERE WILL BE NO CHANGES TO FIBRE PACKAGING OR CONSUMER PACKAGING BUSINESS UNITS.SAYS REORGANISATION WILL HAVE NO IMPACT ON OVERALL GROUP RESULT.SAYS HY HEADLINE EPS 72.6 EURO CENTS.

Mondi posts HY pre-tax profit 462 million euros

Thursday, 3 Aug 2017 02:00am EDT

Aug 3 (Reuters) - MONDI PLC ::HY GROUP REVENUE 3,582 MILLION EUROS VERSUS 3,312 MILLION EUROS YEAR AGO.HY PROFIT BEFORE TAX 462 MILLION EUROS VERSUS 482 MILLION EUROS YEAR AGO.DECLARES INTERIM DIVIDEND OF 19.10 EURO CENTS VERSUS 18.81 EURO CENTS YEAR AGO.NET DEBT AT 30 JUNE 2017 WAS 1,468 MILLION EUROS.SECOND HALF OF YEAR WILL BE IMPACTED BY PLANNED MAINTENANCE SHUTS AT NUMBER OF MILLS AND USUAL SEASONAL DOWNTURN IN UNCOATED FINE PAPER.WITH EFFECT FROM 1 OCTOBER 2017, GROUP WILL REORGANISE ITS BUSINESS UNITS TO REFLECT NATURE OF UNDERLYING PRODUCTS PRODUCED.UNCOATED FINE PAPER AND SOUTH AFRICA, EXCLUDING CONTAINERBOARD OPERATIONS, WILL BE MERGED INTO SINGLE BUSINESS UNIT.CONTAINER BOARD OPERATIONS OF SOUTH AFRICA WILL BE MERGED INTO PACKAGING PAPER.SAYS THERE WILL BE NO CHANGES TO FIBRE PACKAGING OR CONSUMER PACKAGING BUSINESS UNITS.SAYS REORGANISATION WILL HAVE NO IMPACT ON OVERALL GROUP RESULT.SAYS HY HEADLINE EPS 72.6 EURO CENTS.

Foshan Huaxin Packaging dissolves Foshan-based tech unit

Tuesday, 1 Aug 2017 03:58am EDT

Aug 1(Reuters) - Foshan Huaxin Packaging Co Ltd <200986.SZ> ::* Says it dissolved its Foshan-based tech unit .

Billerudkorsnas core profit tops forecast, CEO to leave the firm

Tuesday, 18 Jul 2017 01:00am EDT

July 18 (Reuters) - Billerudkorsnas AB (Publ) :Q2 net sales SEK 5 600 m.Q2 ebitda SEK 863 m.Q2 demand and order situation are expected to be strong in Q3 with normal seasonal variances for all business areas.Q2 packaging paper and corrugated solutions business areas see opportunities for local price increases in next quarter..Q2 longer transportation of wood is expected to have a 3% negative effect on wood costs in q3 compared with q2..Q2 situation at port of gothenburg could have an impact on group's delivery capacity and costs during q3.Q2 costs for planned maintenance shutdowns in q3 are estimated at SEK 215 million.Q2 earnings per share for quarter amounted to SEK 1.72 (1.93)..Reuters poll: Billerudkorsnas Q2 adjusted ebitda was seen at sek 842 million, sales at 5,606 million.BillerudKorsnäs President and CEO Per Lindberg has today to the Board of Directors announced his decision to leave the company to become the President and CEO of Epiroc.

DS Smith reports FY revenue growth of 6 percent

Thursday, 29 Jun 2017 02:47am EDT

June 29 (Reuters) - DS Smith Plc ::Final dividend 10.6 penceper share.Total dividend 15.2 penceper share.Acquisition of Interstate Resources Inc., a U.S. paper and packaging business, and associated placing.Fy revenue growth of 6 per cent.Impact of fx translation boosted reported revenue by 432 million stg or 11 per cent over year as a whole, reflecting material devaluation of sterling following EU referendum.Adjusted operating profit increased by 5 per cent on a constant currency basis to 443 million stg.For year 2016/17, board recommends a final dividend of 10.6 pence.DS smith-final dividend of 10.6 pence, which together with interim dividend of 4.6 pence gives total dividend for year of 15.2 pence per share.

Jia Yao Holdings says unit entered into sale agreements to sell paper cigarette packages

Monday, 26 Jun 2017 05:01am EDT

June 26 (Reuters) - Jia Yao Holdings Ltd <1626.HK> ::Hubei Golden Three Gorges entered into Chongqing sale agreements, Shenzhen sale agreements and Sichuan Sale agreements.Agreements in relation to sale of paper cigarette packages.Hubei Golden 3 Gorges to supply to Shenzhen Tobacco Industrial, paper cigarette packages at prices from about RMB0.2901 per piece to about RMB1.2128 per piece.

Mayr-Melnhof Karton Q1 operating profit down at EUR 50.6 mln

Thursday, 18 May 2017 01:58am EDT

May 18 (Reuters) - MAYR MELNHOF KARTON AG ::MAYR-MELNHOF KARTON AG: RESULTS FOR THE FIRST QUARTER OF 2017.Q1 CONSOLIDATED SALES INCREASED TO EUR 584.5 MILLION AND WERE THUS 1.5 % ABOVE COMPARATIVE FIGURE OF PREVIOUS YEAR (1Q 2016: EUR 576.0 MILLION).Q1 PROFIT FOR PERIOD DECREASED BY 6.3 % TO EUR 36.9 MILLION (1Q 2016: EUR 39.4 MILLION).Q1 OPERATING PROFIT, AT EUR 50.6 MILLION, WAS 8.3 % OR EUR 4.6 MILLION BELOW COMPARATIVE FIGURE OF PREVIOUS YEAR (1Q 2016: EUR 55.2 MILLION).TARGET FOR 2017, HOWEVER, REMAINS TO TIE UP WITH CHALLENGING LEVEL OF 2016 BEST POSSIBLE.DUE TO STRONG PROFIT DEVELOPMENT IN H1 OF PREVIOUS YEAR AND FAVORABLE PRODUCT MIX IN PACKAGING DIVISION, AND SUCCESSIVE COMPENSATION OF INCREASED RAW MATERIAL COSTS, H1 RESULTS WILL, AS IN Q1, COME IN BELOW COMPARATIVE FIGURE OF LAST YEAR.

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