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Soil carbon could help mitigate significant greenhouse gas emissions, while also supporting food production and adaptation to climate change.
The post What is CGIAR doing on soil carbon and climate change? appeared first on Agroforestry World.
Interview with CEPI Director General Syvlain L'hôte in Belgian daily newspaper Le Soir (in French)
CEPI's Director General Sylvain L'hôte sat down recently with journalist Jean-Francois Munster of Belgian daily newsaper Le Soir to talk about climate change, innovation and CEPI's 2050 'Investment Roadmap'
Read the full article in French below
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SHANGHAI/BEIJING (Reuters) - China's Great Wall Motor Co Ltd is interested in bidding for Fiat Chrysler Automobiles (FCA), a company official said on Monday, confirming reports it is pursuing all or part of the owner of the Jeep and Ram truck brands. There has been speculation over Chinese interest in FCA since Automotive News reported last week that an unidentified "well-known Chinese automaker" made an offer earlier this month, triggering a jump in FCA's Milan-listed shares.
Gold rose on Monday as tensions over North Korea fuelled safe haven demand, while doubts over U.S. President Donald Trump's ability to enact pro-business policies pushed U.S. bond yields to near two-month lows and world stocks fell. Investors were braced for North Korea's response to computer-simulated military exercises begun by South Korean and U.S. forces on Monday that will continue until Aug. 31. "Gold is being supported by the war games and the uncertainty in Washington," said Saxo Bank analyst Ole Hansen.
Oil prices fell on Monday as a rally at the end of last week prompted investors to close positions at a higher price, against a backdrop of signs the global market is starting to rebalance. "We are currently seeing some profit-taking after Friday's strong rally ahead of this week's inventory data," said Hans van Cleef, senior energy economist at ABN Amro. U.S. hedge funds and money managers have already started lowering their bets on rising prices.
Graphic Packaging International to Launch New Machinery System, Robotic Integration Capabilities at drinktec 2017
For the first time, the company will demonstrate ReShape™, a revolutionary technology capable of creating virtually any pack configuration seamlessly with one piece of packaging equipment. With ReShape, beverage manufacturers can reinvent, reimagine, and ReShape their cartons to produce the shapes and configurations they need today, along with unique structures for the future.
"ReShape opens up many options in beverage packaging," said Doug Hicks, Director of GPI's Packaging Machinery Division. "The system can both internally and externally nest primary containers to create a variety of shapes and sizes with the potential to use less fiber. Also, unique handle designs deliver added comfort and strength."
GPI will also demonstrate state-of-the-art robotic capabilities that integrate with multi-packers for several applications. As consumers increasingly seek different flavors in their beverage choices, brands face the challenge of how to automate variety packing. The company will show how to easily integrate robotic technology with GPI machinery and demonstrate an easily configurable and scalable solution for creating variety packs.
The AutoMaxx™, a high speed, compact system capable of producing both wraps and baskets in a variety of styles, will also be shown at drinktec. The AutoMaxx is an evolution of two existing machines that provides greater manufacturing flexibility in a small footprint.
Also on display will be the QuikFlex™300, a continuous motion multi-packer. The QuikFlex 300 is a compact, entry-level machine designed to run cans, bottles or PET in a variety of formats and carton designs.
Finally, GPI will showcase innovative carton designs, particularly focused on delivering premium impact through unique shapes, graphics and decoration enhancements to help brands stand out on the shelf. Attendees will be able to learn more about machinery innovation and the future of maintenance and training, including advanced technology and support through virtual and augmented reality.
To learn more, visit GPI in Hall A5, stand 325 at drinktec.
About Graphic Packaging International, Inc.
Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company (NYSE: GPK), headquartered in Atlanta, Georgia, is committed to providing consumer packaging that makes a world of difference. The Company is a leading provider of paper-based packaging solutions for a wide variety of products to food, beverage and other consumer product companies. The Company operates on a global basis, is one of the largest producers of folding cartons in the United States, and holds leading market positions in coated unbleached kraft paperboard and coated-recycled paperboard. The Company's customers include many of the world's most widely recognized companies and brands. Additional information about Graphic Packaging, its business and its products is available on the Company's web site at www.graphicpkg.com.
ANDRITZ Successfully Starts Up Key Production Technologies For Metsä Group’s New Bioproduct Pulp Mill In Finland
The core equipment supplied by ANDRITZ originates mainly from Finland, with a significant part being fabricated at the ANDRITZ workshop in Savonlinna.
With the installation and smooth start-up of the equipment supplied, ANDRITZ once again demonstrated its outstanding technological capabilities. ANDRITZ supplied the following equipment to Metsä Group’s bioproduct pulp mill:
• a wood processing plant, including three debarking and chipping lines, with the highest capacity in the world (pine/spruce/birch: 470/350/270 m3 solid-over-bark per hour);
• a flexible softwood/hardwood fiberline with the highest softwood capacity in the world (3,900 tons per day);
• the world’s most energy-efficient black liquor evaporation with the highest capacity in Europe (1,650 tons/hour);
• the largest recausticizing plant in Europe (white liquor production of 16,000 m3/day).
With this major delivery, ANDRITZ is once more strengthening its position as one of the world’s leading suppliers of key equipment for pulp mills.
“ANDRITZ is our long-term co-operation partner with whom we have developed our mills consistently. In the bioproduct mill project we have used an open-book project model, which has created good prerequisites for co-operation useful to both partners. The result is a world-class mill, which was built on time and on budget”, says Timo Merikallio, Project Director, from Metsä Group.
About The ANDRITZ GROUP
ANDRITZ is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and for solid/liquid separation in the municipal and industrial sectors as well as for animal feed and biomass pelleting. Other important business segments include automation and service business. In addition, the international Group is also active in the power generating sector (steam boiler plants, biomass boilers, recovery boilers, and gasification plants) and in environmental technology (flue gas cleaning plants) and offers equipment for the production of nonwovens, dissolving pulp, and panelboard as well as recycling plants. The publicly listed technology Group is headquartered in Graz, Austria, and has a staff of approximately 25,200 employees. ANDRITZ operates more than 250 sites in over 40 countries.
About ANDRITZ PULP & PAPER
ANDRITZ PULP & PAPER is a leading global supplier of complete plants, systems, equipment, and comprehensive services for the production and processing of all types of pulp, paper, tissue, and cardboard. The technologies cover the processing of logs, annual fibers, and waste paper; the production of chemical pulp, mechanical pulp, and recycled fibers; the recovery and reuse of chemicals; the preparation of paper machine furnish; the production of paper, tissue, and cardboard; the calendering and coating of paper; as well as the treatment of reject materials and sludge. The service offering includes system and machine modernization, rebuilds, spare and wear parts, on-site and workshop services, optimization of process performance, maintenance and automation solutions, as well as machine relocation and second-hand equipment. Biomass, steam, and recovery boilers, as well as gasification plants for power generation, flue gas cleaning plants, plants for the production of nonwovens, dissolving pulp, and panelboard (MDF), as well as recycling plants are also part of this business area.
The order is the result of the long and successful cooperation between the companies to build the BM 1 and BM 3. The experts from Bohui Paper Group had already been impressed by the fast and smooth commissioning of these two machines in 2003 and 2013 respectively. The subsequent efficient production process also ensured a high degree of customer satisfaction.
From December 2018 the new BM 4 will operate at a speed of 1200 m/min to produce folding box board with a basis weight of 250 g/m2. The production line offers a range of special technical features that both improve the quality of the finished paper and reduce energy consumption. The wet section of the BM 4 impresses with a new Clean Design concept that achieves particularly high runnability. In the BM 4, the use of a Triple NipcoFlex press not only ensures tremendous dewatering efficiency while preserving volume, but also achieves a smooth surface on the board. The scope of supply also includes three MasterJet Pro headboxes, a DuoFormer DII, four TurboDryers, and the energy-efficient qDry Pro noncontact drying system. Moreover the BM 4 is equipped with EcoCal Hard and EcoCal Soft calenders, a Sirius winding system as well as two VariFlex winders, MCS and DCS are completing Voith Paper’s scope of delivery.
Voith Financial Services also helped secure the project by developing and organizing an attractive financing concept tailored to the customer's needs. In this area, too, there was close collaboration with Bohui Paper Group based on a spirit of mutual trust.
Voith Paper is a Group Division of Voith and the leading partner and pioneer in the paper industry. Through constant innovations, Voith Paper is optimizing the paper manufacturing process, focusing on developing resource-conserving products to reduce the use of energy, water and fibers. Furthermore, Voith Paper offers a broad service portfolio for all sections of the paper manufacturing process.
For 150 years, Voith's technologies have been inspiring customers, business partners and employees around the world. Founded in 1867, Voith today has around 19,000 employees, sales of €4.3 billion and locations in more than 60 countries worldwide and is thus one of the largest family-owned companies in Europe. Being a technology leader, Voith sets standards in the energy, oil & gas, paper, raw materials and transport & automotive markets.
Further progress in the paper division
The paper division enjoyed high demand in every market segment in the first half of the year and thus benefited from the outstanding quality of Cham Paper Group's products and services. This allowed the Group to focus on selling high-margin speciality papers. For instance, sales of digital imaging papers outperformed the market, rising by 15% (revenue share 15%). Sales of speciality papers for industrial applications (industrial release segment) also increased by 3% (revenue share 38%). The revenue share of the consumer goods segment was reduced slightly to 47%. Overall the paper division generated revenue of EUR 91.6 million (previous year: EUR 94.0 million). Production volumes were just below the previous year's levels due to the switchover to TRANSJET products (digital imaging) on the company's own base paper. In terms of tonnage, volumes dropped to lower basis weights as a result of the market trend.
At the same time, after the major efforts of the past few years, efficiency gains are proving increasingly profitable in production, while gross margins have risen considerably. The partial hedging of pulp costs largely compensated for the sharp rise in pulp prices and this effect should be partially offset in the second half of the year too now that sales prices have increased. A slight dip in operational costs resulted in an operating profit of EUR 9.4 million for the paper division, a figure which has doubled year on year (previous year: EUR 4.8 million) and corresponds to a pleasing EBIT margin of 10.3%.
Scheduled development in the real estate division
Preparations are under way for two commissioned studies for the first two substages of the site's development. Once complete, this stage will see around 80 owner-occupied flats, 130 rental flats and 30 affordable homes built. These are expected to go on sale from 2020/2021 together with some 9,000 m2 of service and commercial space. Around CHF 180 million is being invested in the first stage, while the long-term financing has been secured on favourable terms. The rental income generated by existing buildings rose by 28% to TCHF 1.089 million. The lessee Specialized moved into the renovated workshop building on 1 October 2016, which had a particularly positive effect on rental income. The division was also able to make greater interim use of free space. The operating profit for the first half of the year amounted to TCHF 484 (previous year: TCHF 29).
The Tour de Suisse got under way in glorious weather, attracting thousands of cycle racing fans to the Papieri-Areal from 9 to 11 June. The new website www.papieri-cham.ch was launched to coincide with the event and will provide information about further developments on the site in future. The Zug cantonal council ruling on approving the development plan as well as the partial change to the building regulations and zoning plan is due to be announced after the summer holidays.
Further increase in shareholder's equity ratio
Cham Paper Group further bolstered its balance sheet in the reporting period. Free cash flow of CHF 6.0 million was generated. The shareholders' equity ratio stood at 59.2% at the end of the first half of the year (end of 2016: 55.4%), while net cash amounted to CHF 5.4 million. The site in Cham will continue to be valued at acquisition cost for the time being.
Functional change on the Executive Management Board
Luis Mata, who has played a significant role in restructuring the company over the past five years and has managed the Italian mill for the past two years as COO, is to take over the role of CFO of the entire Group with effect from 1 September 2017 and will thus support both divisions in their next phase of growth. Delegate of the Board and CEO of the paper division Susanne Oste shall assume direct responsibility for mills, sales and innovation.
The Board of Directors and Executive Management Board are optimistic that the financial year will continue to develop well. They anticipate that the paper division will see continued positive market demand and further efficiency gains in production in the second half of the year, although higher pulp costs will curb margin development. The commissioned studies for the first two substages are scheduled to begin in the real estate division.
Conference call, presentation and full half-year report
A conference call is taking place at 9.00 a.m. today, 17 August 2017, with Delegate of the Board Susanne Oste, Group CFO Luis Mata and Head of the Real Estate Division Andreas Friederich, to discuss the half-year results.
The dial-in number is +41 44 580 72 69 and the confirmation code is 2450097. A brief presentation is available at
The complete half-year report (in German) can be downloaded from the Investor Relations section of our website (see 'Financial Reports') or via the following link:
In CHF thousands, unless otherwise specified
1 January to 30 June 2017 2016
Sales in tonnes 76,748 76,263
Net turnover 99,244 103,834
EBITDA 14,262 9,608
as a % of net turnover 14.4% 9.3%
EBIT 9,948 5,230
as a % of net turnover 10.0% 5.0%
Group profit 7,059 3,321
Earnings per share (in CHF) 9.48 4.46
Net cash flow from operating activities 7,231 4,084
Investments in tangible and intangible assets 1,393 4,889
Shareholders' equity 113,033 108,118
as a % of total assets 59.2% 55.4%
(Net debt) / Net cash 5,437 3,248
Number of employees (FTE) 386 375
For information, please contact
Media and IR office Cham Paper Group Holding AG
Edwin van der Geest
E-Mail: firstname.lastname@example.org oder email@example.com
Phone: +41 43 268 32 32 / +41 79 330 55 22
Valor / ISIN / Ticker: registered shares Cham Paper Group Holding AG 193 185 / CH0001931853 / CPGN
Cham Paper Group
The Cham Paper Group is a leading manufacturer of coated speciality papers. Surface finishing lends papers properties that generate added value for its customers. The company, which was founded in 1657, has three sites, one in Switzerland (Cham) and two in Italy (Carmignano and Condino), and a global sales network.
The decision to focus on development and sales and discontinue paper manufacturing in Switzerland has made way for a new project on the factory site in the centre of Cham. The Cham Paper Group is developing an eleven-hectare quarter there called the Papieri-Areal.
OTTAWA, ON and WASHINGTON, DC — The Sustainable Forestry Initiative Inc. (SFI) welcomed two new officers and one new member to its Board of Directors: Mark Rodgers as Board Chair, Guy Gleysteen as Vice Chair, and Laura Downey as a new member in the social chamber. These new members will play a key role as SFI continues to enhance the sustainability of well‑managed forests and the communities that depend on them across the U.S. and Canada.
“Mark brings experience as a community leader and builder, Guy works as a senior executive overseeing global supply chains and Laura is known for her vision when it comes to youth environmental education. Their combined experience and skills will further SFI’s reputation and impact as a sustainability organization,” said Kathy Abusow, President and CEO of SFI Inc.
Private equity suitors Kohlberg Kravis Roberts & Co and Affinity Equity Partners pulled bids for Australian telco Vocus Group Ltd on Monday, four days after the company's third profit warning in nine months. The end of their pursuit sent Vocus shares sliding 24.5 percent to a three-month low, and comes as headwinds strengthen across a sector upended by the rollout of a new government-owned National Broadband Network (NBN).
The Latest on the collision between a U.S. Navy ship and a merchant ship near Singapore (all times local): 11:40 a.m. The U.S. Navy says four sailors injured in a ship collision were evacuated to a hospital. ...
The development represents a rare blow for Buffett, who avoids bidding wars for companies and had swooped in two months ago to buy Oncor after two previous attempts by Energy Future to sell it were blocked by Texas regulators. It is also a defeat for Greg Abel, the 55-year-old chief executive of Berkshire's energy unit who many investors consider a top candidate to eventually succeed Buffett, 86, at the Omaha, Nebraska-based parent company's helm.
Bankrupt Texas utility Energy Future Holdings will abandon a deal to sell power transmission company Oncor to Warren Buffett's Berkshire Hathaway Inc for $9 billion and will accept a $9.45 billion bid for Oncor by Sempra Energy instead, people familiar with the matter said. The development represents a rare blow for Buffett, who avoids bidding wars for companies and had swooped in two months ago to buy Oncor after two previous attempts by Energy Future to sell it were blocked by Texas regulators.