Chile quake may cut forestry pulp exports 15 pct-report
SANTIAGO, March 9 (Reuters) - Chile's key forestry sector may see exports fall by around 15 percent this year after a giant earthquake destroyed processing plants, an industry executive told the daily Diario Financiero.
Want to install a new paper machine? First fire the engineers!
BARCELONA, Mär. 8, 2010 (RISI) - Both the European and North American paper industries are at a crossroads. Declining paper demand appears to be the big predicament but it is really not the only one nor the most important.
A strong franc and a weak market are chipping away at the Swiss timber industry. Sawmill owners say they fear a looming wood shortage and possible layoffs.
The technological boom poses a potential threat for the pulp and paper industry in that, globally, more people are turning to digital media rather than newsprint. Pulp and paper producer Sappi is responding to this threat with its own initiatives.
The South African paper, pulp and board industry has consistently increased exports of paper and board and maintained imports at similar levels for the past three years, despite facing a number of challenges, says Paper Manufacturers Association of South Africa (Pamsa) executive director
Black Liquor Scorecard: 21 Companies Earned $6.5 Billion in 2009
The $6.5 billion in controversial black-liquor credits earned in 2009 by 21 publicly traded pulp and paper companies was far more than their total profit for the year.
Despite the government’s unintended largesse, the 21 companies had combined net income of about $3 billion, according to an exclusive Dead Tree Edition analysis of documents filed with the Securities and Exchange Commission.
Chilean earthquake could cause pulp supply crisis and escalating prices
The Chilean earthquake and resultant reduction in pulp supply comes at a time when pulp markets are already very tight with Chinese customers on allocation. The immediate impact is likely to be higher pulp prices leading to higher paper prices. NBSK pulp prices are already at US$890/tonne.
According to the Russian State Statistics Service, in 2009 export volume of timber and pulp and paper products from Russia decreased by 15.4%, which can be explained by significant decline in supplied volume of unprocessed timber.
The Obama Administration announced today that it wants to close the non-existent "Son of Black Liquor" loophole to help "pay" for new healthcare legislation.
A few hours later, Senate Democrats won a key vote on jobs legislation that, in some versions, would be paid for partly with the "savings" from closing the same mythical loophole.
