Verso Corporation Announces Price Increase on C1S Sheets & Rolls

Suzano Papel e Celulose announces its consolidated results for the second quarter of fiscal year 2017 (2Q17). In the second quarter of 2017, the pulp segment continued to deliver solid results, driven mainly by strong and healthy demand from Asia. The commodity’s positive fundamentals once again supported successive price increases in all regions. The weaker BRL also had a positive effect on industry profitability. The paper segment remained pressured by Brazil’s caustic macroeconomic scenario. The Suzano Mais Program, which works to strengthen relations with agents at the end of the value chain, helped to enhance the profitability of the paper business. Click Read More below for additional detail.

Financial review H1 2017: The Group's comparable net sales growth was 2% during the first half of the year with a positive contribution from all business segments. Comparable growth in emerging markets was 1%. Growth was strongest in Eastern Europe and Southeast Asia, while net sales declined significantly in India. The Group's net sales grew to EUR 1,511 million (EUR 1,414 million). Foreign currency translation impact on the Group's net sales was EUR 36 million (EUR -39 million) compared to 2016 exchange rates. The majority of the positive impact came from the US dollar, Russian ruble and Indian rupee, while the impact from pound sterling and certain emerging market currencies was negative. Click Read More below for additional detail.

The bio-methanol treatment plant supplied by ANDRITZ is designed to produce 5,000 tons of bio-methanol per year. The plant is a key part of a new process producing sustainable bio-methanol from renewable raw material. Bio-methanol can be used in shipping, for example, as a stand-alone fuel, as well as for the production of biodiesel (RME), as an additive in petrol, or as a raw material in the chemical industry. The methanol produced is compliant with the IMPCA Reference Specifications for merchantable methanol. Start-up of the plant is scheduled for the third quarter of 2019. The global methanol production is in the order of 80 million tons per year and is generated mostly from fossil raw materials. In the chemical wood pulping process, methanol is formed as a by-product that contains many impurities. This raw methanol is purified to a merchantable bio-methanol, which is chemically identical to fossil-based methanol. The bio-methanol generated contributes towards reducing the amount of fossil greenhouse gas emissions. Click Read More below for additional information.