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Materials and Metals Paper and Forest Products

  • MEMPHIS, Tenn. _ International Paper Co. on Thursday reported first-quarter profit of $209 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. International Paper shares have climbed roughly 2 percent since the beginning of the year, while the Standard& Poor's 500 index has risen almost...

  • *Hygiene ops Q1 adj EBIT 2.90 bln SEK vs consensus 2.85 bln. STOCKHOLM, April 27- SCA will list its hygiene operations in June, the Swedish company said on Thursday, as it pursues a plan to split the business from forest products. Europe's largest private forest owner has grown the hygiene business, which produces tissues and nappies as well as incontinence and...

  • OTTAWA, April 26- Canada and the United States have made progress in recent days on a dispute over Canadian lumber exports "but we are not there yet", Canadian Foreign Minister Chrystia Freeland said on Wednesday. Freeland, speaking to reporters on a conference call, also said the United States should treat Canada with respect, given that Canada is a major supplier...

  • "It is bad for British Columbia but not necessarily bad for the lumber companies," said Norman Levine, managing director, Portfolio Management Corporation. Shares in West Fraser Timber Co, which would pay the highest duty rate of the affected companies, rose 8.6 percent to C $61.22, its highest point since July 2015, while Canfor Corp stock gained 6.4 percent to C...

  • TORONTO, April 25- Canada's main stock index touched a two-month high on Tuesday, led by gains for heavyweight financial and energy stocks, while shares of lumber companies rallied after new U.S. import duties on the product came out lower than some investors had expected. Shares in West Fraser Timber Co Ltd, which would pay the highest duty rate of the affected...

  • *Canada says disagrees strongly with the U.S. Department of Commerce's decision to impose an "unfair and punitive duty" on softwood lumber exports. *Canada government says will vigorously defend the interests of domestic softwood lumber industry, including through litigation. *Canada says will continue to press U.S. to "rescind this unfair and unwarranted...

  • GRAND RAPIDS, Mich. _ Universal Forest Products Inc. on Tuesday reported first-quarter earnings of $21.1 million. The Grand Rapids, Michigan- based company said it had net income of $1.03 per share. Keywords: Universal Forest Products, Earnings Report.

  • *Private equity firms reported to bid $22 bln for SCA hygiene arm. STOCKHOLM, April 13- A group of private equity companies have bid around 200 billion Swedish crowns for the hygiene arm of tissue and forestry products firm SCA, Swedish daily Dagens Nyheter said, citing unnamed sources. Sweden's SCA last week formally approved a proposal to split into two listed...

  • STOCKHOLM, April 13- A group of private equity companies have bid around 200 billion Swedish crowns for the hygiene arm of tissue and forestry products firm SCA, Swedish daily Dagens Nyheter said, citing unnamed sources. Sweden's SCA said last year it planned to split into two listed units, a hygiene products firm and a forestry company. The split was formally...

  • STOCKHOLM, April 13- A group of private equity companies have bid around 200 billion Swedish crowns for the hygiene arm of tissue and forestry products firm SCA, Swedish daily Dagens Nyheter said, citing unnamed sources. Sweden's SCA said last year it planned to split into two listed units, a hygiene products firm and a forestry company. The split was formally...

  • BRASILIA, March 27- The board of Brazilian miner Vale elected as chief executive Fabio Schvartsman, who currently heads wood pulp and paper producer Klabin SA, the company said in a securities filing on Monday.

  • *Lignin could be used in glue, biofuel, carbon fiber. STOCKHOLM, March 10- Nordic forestry firms racing to replace paper business lost to the internet are trying to transform their pulp mill by-products into glue, biofuel and carbon fiber for aircraft and wind turbines. A new generation of energy-efficient pulp mills are allowing the likes of Stora Enso,...

  • SAO PAULO, Feb 9- Brazilian stocks rose on Thursday as prices of commodities advanced, with pulp and paper company Suzano Papel e Celulose SA leading gains after fourth-quarter earnings. Shares of miner Vale SA and state-controlled oil company Petróleo Brasileiro SA added the most points to the index, tracking prices of iron ore and crude futures.

  • Jan 23- Consumer goods packaging company Silgan Holdings Inc said it would buy WestRock Co's business that makes soap dispensers and perfume sprayers for about $1 billion. The unit, which has 13 plants in North America, Europe, South America and Asia, generated $566 million in revenue in the year ended Sept. 30. Norcross, Georgia- based WestRock said the sale would...

  • ADDISON, Ill., Dec 14- In an unassuming building in the Chicago suburb of Addison, United Parcel Service Inc engineers design custom boxes for retailers as part of a joint effort to tackle a vexing issue: the high cost of delivering e-commerce packages. Online retail sales are expected to reach $392.5 billion this year, according to research firm eMarketer, but with...

  • IP CEO: We need better infrastructure to get product to market

    Mark Sutton, International Paper CEO talks about the rising global demand for paper products and what it indicates about economic growth.

  • LONDON, Nov 30- A UK court has dismissed an appeal brought by some of Britain's largest tobacco companies over the government's new plain packaging rules. In its decision handed down on Wednesday, the court dismissed all appeals brought by British American Tobacco, Japan Tobacco, Imperial Brands and several paper manufacturers. "This is a victory for public...

  • FRANKFURT, Nov 18- U.S. packaging group Westrock has put a unit making soap dispensers and perfume sprayers up for sale in a potential $1 billion deal, as it seeks to streamline its portfolio after a recent merger, three people close to the matter said. The Westrock unit- dubbed a home, health and beauty business- posted earnings before interest, taxes, depreciation...

  • SAN FRANCISCO, Nov 16- The investment arm of Koch Industries, the industrial conglomerate of the billionaire Koch brothers, is spending more than $2 billion to take a significant stake in enterprise software provider Infor, the companies said on Wednesday. Koch Industries, with annual revenue of about $100 billion, owns brands such as Brawny paper towels, Dixie...

  • SHANGHAI, Nov 10- Chinese packaging makers are bracing themselves for Singles' Day on Friday, stocking up on cardboard and taking on staff ahead of an online shopping bonanza that shifts more goods than Black Friday and Cyber Monday in the United States combined. More packagers have emerged in answer to China's e-commerce boom which began around 2010,...