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Materials and Metals Paper and Forest Products

  • WINNIPEG/ MONTREAL, May 29- Canadian rail shippers are urging Ottawa to intervene in a looming strike at Canadian National Railway Co, the country's largest railroad, fearing that a shut-down would immediately damage their businesses. Freight Management Association of Canada, which represents agriculture, mining, forest products and other sectors, wrote to...

  • May 25- Rayonier Advanced Materials said it would buy Canada's Tembec Inc for $807 million including debt to expand its business into packaging and forest products, sending Tembec's shares to a five-year high on Thursday. The deal comes at a time when Canada is resisting a move by the United States to impose tariffs on Canadian lumber imports.

  • *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...

  • *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...

  • 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.

  • Weyerhaeuser will purchase Plum Creek Timber in a deal the two companies said would create a $23 billion timber, land and forest products company.

  • Apple CEO Tim Cook delivers the keynote address during Apple WWDC on June 8, 2015, in San Francisco, California.

    Indonesia's president cut short his maiden U.S. trip, standing up Apple's CEO, amid increasing political pressure over raging forest fires.

  • Paper consumption is decreasing: CEO

    Diogo da Silveira, CEO of Portucel Soporcel, discusses the paper industry and competition with Chinese paper firms in Asia.

  • An International Paper Co. employee stacks corrugated boxes at the company's factory in Mt. Carmel, Pennsylvania.

    International Paper on Wednesday reported fourth-quarter earnings of $134 million.

  • Sierra Nevada Mountains near Lake Tahoe

    Researchers are trying to find out if denser forests in California are soaking up more water and adding to the state's horrible drought.