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Mitsubishi HiTec Paper's Germany based mill at Bielefeld has received a cash injection of EUR20m (pounds 17m) from its Japanese parent company Mitsubishi Paper Mills in a bid to increase [...]

North American newsprint manufacturer AbitibiBowater has filed for bankruptcy protection after US lenders refused a proposed debt restructuring plan. The company's US and Canadian subsidiaries have filed for creditor protection [...]

Failed magazine printer Cooper Clegg left an estimated pounds 6.7m in debts to trade creditors, finance companies, HM Revenues and Customs and accruals, it has emerged. According to the creditors' [...]

Stromsdal Corporation, the Finnish-based paper manufacturer, has been declared bankrupt as of 1 December 2008. Stromsdal's product family included GraphiArt Duo and GraphiArt Pro, the StromCard versatile carton board grade [...]

Creditors of Butler and Tanner have spoken of their fury at the massive debts left by the company when it was closed in April, with unsecured trade creditor debts of [...]

Independent paper manufacturer Curtis Fine Papers hasstunned the industry after it called in the administrators last week, resulting in the immediate loss of 180 jobs, leaving a skeleton staff of [...]

The National Association of Paper Merchants (NAPM) has hit back at allegations from Polar Print Group's managing director that paper merchants' 'self-fulfilling prophecy' caused his business's demise. Polar's David Gask [...]

AbitibiBowater, the largest newsprint maker in North America, has successfully completed a refinancing in spite of the turbulent and difficult market conditions that claimed the scalp of Quebecor World. The [...]

DMGT has issued a trading update stating that the group 'remains on track for a satisfactory year' despite consumer divisions experiencing difficult trading conditions... Norske Skog has announced that chief [...]

Carrs Products has made a 'significant number' of redundancies following its move into administration. Management and staff are still in discussion about the exact number of job losses. The Birmingham-based [...]

Norske Skog has a responsibility to reverse its lossmaking trend, said chief executive Jan Oksum. Commenting on the decline in earnings from NOK4bn in 2001 to NOK210m on sales of [...]

Forscot has secured #700,000 equity funding for phase one of its integrated pulp mill, paper mill, sawmill and renewable energy plant at Invergordon. The money, of which a #200,000 grant [...]

Stora Enso has signed a $75m loan agreement to finance expansion in China. The paper manufacturer will use the funding, to develop its eucalyptus plantations in Guangxi Province in Southern [...]

Despite publishing, commercial printing and office papers improving their profitability, M-real saw profit for the first quarter of the year fall E14m to E115m on sales down to E1,344m from [...]

Inveresk says difficult market conditions, overcapacity and adverse currency conditions slashed pre-tax profit to #184,000 for the year to December 31, 2004 from the previous year's #3.162m. This was in [...]

The paper and packaging industry has been given a boost by analysts raising its credit rating from neutral to underweight. Despite disappointing earnings caused by higher energy, wood fibre and [...]

M-real has initiated a pounds 15m (SEK200m) cost-saving and efficiency programme at its Wifsta and Husum mills in Sweden. The target is to reduce costs and increase productivity by 15% [...]

Papermaker M-real, which reported a net debt of E2.6bn at the end of June, is expected to announce a rights issue this week to raise E450m. The company says it [...]

Metso Paper's 2002 order for a rebuild of an online printing and writing supercalendered coated paper line from Papiers Gaspesia in Chandler, Quebec, Canada has been put on hold due [...]

The trading situation of paper merchant York & Ford remains unclear. A spokeswoman for the company said it was 'not in receivership, liquidation or administration,' but was working through a [...]

Stora Enso has issued a profits warning, as the Finnish Swedish manufacturer expects to report an operating profit of less than pounds 50m in its Q4 results for 2003, half [...]

M-real, the paper corporation formerly called Metsa-Serla, has issued a warning that it will record a negative result for 2003. This is largely because of reduced paper prices and the [...]

M-real has issued a profits warning ahead of the posting of its fourth-quarter results, as the group said it expected its profits for 2003 to be negative. The Finnish paper [...]

DS Smith has cited weak markets and pricing pressure as the cause for a sharp drop in its pre-tax profits for the first-half of this year. Chairman Anthony Hichens said [...]

Sales of paper are rising, by value at least. We estimate from the company returns that the companies listed pushed up turnover from #2.3bn to #2.7bn. Pre-tax profits are up [...]

Papermaker James Cropper has made a half-year loss in its paper division because of 'subdued economic activities' in export markets. Overall the company recorded a pre-tax profit of just #95,000 [...]

A better than expected autumn has given newsprint producers the confidence to announce tariff rises from January, writes John Davies. Manufacturers including Stora Enso, Holmen, UPM-Kymmene and Myllykoski are all [...]

A group of Asia Pulp & Paper (APP) creditors has filed foreclosure proceedings against one of the Indonesian paper group's units in a bid to recover pounds 290.5m (dollars 485.7m) [...]

Specialist papermaker James Cropper plans to grow sales in China and the US, the major export markets for its speciality papers, after reporting an operating loss as expected (PrintWeek, 6 [...]

Asia Pulp and Paper's (APP) UK sales office has been placed into compulsory liquidation after being pursued by a creditor of its Indonesian parent company. A winding-up petition was filed [...]

Norske Skog has grown its third-quarter revenue and earnings, despite lower prices, thanks to increased efficiencies and beneficial exchange rates. Last week the group also responded to lower price levels [...]

Sappi plans to close its London sales office and cut 150 European jobs in 2004, with Fine Paper chief executive Bill Sheffield among those leaving the company. Chief executive Jonathan [...]

Newsprint giant Bowater says it raised prices $7 per tonne this year, but shipments have fallen by 3%. It lost $154m in the first nine months, against a loss of [...]

Sappi is cutting up to 720 jobs worldwide and shutting its London sales office following the 30% slump in earnings posted on Monday. The world's largest fine paper producer says [...]

James Cropper, the Kendal-based specialist papermaker, has said its full-year profits will be 'significantly below market expectations'. The group said its paper division continued to suffer from adverse trading conditions, [...]

Holmen Group's paper division has suffered from continuing weak conditions in the markets for newsprint and magazine papers. Holmen Paper's operating profits were cut in half to pounds 49m (SEK638m) [...]

Jefferson Smurfit Group's third-quarter losses reflect the 'challenging' environment in the packaging sector. The Irish group's net sales fell only 0.4% to pounds 805.3m (EUR1.18bn) compared to the same period [...]

Asia Pulp & Paper (APP) has signed a pounds 4.3bn (dollars 6.7bn) restructuring deal with some major creditor groups. The agreement has been signed with the export-credit agencies of nine [...]

A joint marketing effort between A1 Paper and International Paper has led to the West Bromwich paper specialist increasing its Rey sales by 20% so far in 2003. A1 Paper [...]

Third-quarter profitability for paper companies may have shown a slight improvement but most operations are still cautious about the future. International Paper saw third-quarter net earnings fall to $122m from [...]

International Paper, the world's largest paper group, has reported third-quarter profits of $122m, well below the $145m it made this time last year. Sales were steady at $6.2bn. The results [...]

A1 Paper, the West Bromwich-based paper company, claims to have increased its sales of International Paper's Rey brand by 20% this year after a joint marketing effort with the manufacturing [...]

Stora Enso and UPM-Kymenne, two of the world's largest paper manufacturers, continue to suffer from low demand levels and pressure on prices. Stora Enso has reported 'subdued' activity in the [...]

International Paper (IP) and M-real have both suffered in the third quarter. IP blamed weak demand and declining prices for a 16% fall in third-quarter net earnings to pounds 72m [...]

MeadWestvaco's third-quarter revenues fell 1% to pounds 1.18bn (dollars 2bn). Its net income was pounds 15.9m compared to a net loss of pounds 1.2m last [...]

UPM-Kymmene and Stora Enso have recorded poor results for the third quarter, and both say that European paper demand is now lagging behind North America. Stora Enso's sales fell below [...]

Latest third-quarter earning figures from US print groups demonstrate modest increases in sales and profits. MeadWestvaco has made a profit of $27m, compared to a loss of $7m a year [...]

Asia Pulp and Paper's (APP) latest debt restructuring plan, which could lead to the group splitting in two, has angered creditors. A debt-to-equity swap plan at its Chinese holding group [...]

Antalis has announced investments 'in the millions' that will focus on enhancing its customer service. Henry Cubbon, regional director (UK & Ireland), said the group would respond to market conditions [...]

ArjoWiggins Carbonless Paper Operations - Europe will move back into ArjoWiggins as part of a new restructuring plan. The group has taken a pounds 3.8m (EUR5.5m) exceptional charge due to [...]