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Paper Packaging

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Zhejiang Jingxing Paper Joint Stock dissolves Chongqing packaging unit

Tuesday, 26 Dec 2017 02:15am EST

Dec 26 (Reuters) - Zhejiang Jingxing Paper Joint Stock Co Ltd <002067.SZ>:Says it dissolved Chongqing-based packaging unit .

Shantou Wanshun Package Material Stock says dissolution of information tech unit

Thursday, 14 Dec 2017 04:32am EST

Dec 14(Reuters) - Shantou Wanshun Package Material Stock Co Ltd <300057.SZ>:Says co's Shanghai-based information technology unit will be dissolved .Says co is holding 29 percent stake in the unit .

Graphic Packaging to create a $6 billion integrated paper-based packaging company

Tuesday, 24 Oct 2017 07:00am EDT

Oct 24 (Reuters) - Graphic Packaging Holding Co :Graphic Packaging to create a $6 billion integrated paper-based packaging company by combining with International Paper's North America consumer packaging business.Graphic Packaging Holding Co - ‍deal projected to be accretive to earnings in year one​ post-closing of deal.Graphic Packaging Holding - Co will own 79.5 percent of partnership and will be sole operator; International Paper will own 20.5 percent of partnership​.Graphic Packaging Holding Co - deal will ‍have no change to Graphic Packaging's current board of directors or leadership team​.Graphic Packaging Holding - ‍international Paper's North America consumer packaging business is projected to generate adjusted EBITDA of $210 million in 2017​.

International Paper to combine unit with Graphic Packaging in $1.8 bln deal

Tuesday, 24 Oct 2017 06:59am EDT

Oct 24 (Reuters) - International Paper Co ::International paper and Graphic Packaging create leading consumer packaging platform.International Paper Co - transaction valued at $1.8 billion​.International Paper Co - ‍signed a definitive agreement to contribute its north america consumer packaging business to graphic packaging​.International Paper Co - ‍ip plans to use $660 million in cash proceeds from a loan being assumed by graphic packaging to pay down existing debt​.International Paper-‍will also receive 20.5 pct ownership interest valued at $1.14 billion in a unit of graphic packaging that will hold assets for combined business​.International Paper Co - ‍transaction is expected to close in early 2018​.

International Paper to combine unit with Graphic Packaging in $1.8 bln deal

Tuesday, 24 Oct 2017 06:59am EDT

Oct 24 (Reuters) - International Paper Co ::International paper and Graphic Packaging create leading consumer packaging platform.International Paper Co - transaction valued at $1.8 billion​.International Paper Co - ‍signed a definitive agreement to contribute its north america consumer packaging business to graphic packaging​.International Paper Co - ‍ip plans to use $660 million in cash proceeds from a loan being assumed by graphic packaging to pay down existing debt​.International Paper-‍will also receive 20.5 pct ownership interest valued at $1.14 billion in a unit of graphic packaging that will hold assets for combined business​.International Paper Co - ‍transaction is expected to close in early 2018​.

Xiamen Jihong Package Technology sees FY 2017 net profit up 55 pct to 105 pct

Monday, 23 Oct 2017 12:11am EDT

Oct 23(Reuters) - Xiamen Jihong Package Technology Ltd <002803.SZ> ::Sees FY 2017 net profit to increase by 55 percent to 105 percent, or to be 66.6 million yuan to 88.1 million yuan.Says FY 2016 net profit was 43.0 million yuan.The reasons for the forecast are fully operational of Jinan and Huanggang branches and contribution from new subsidiary .

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.

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