Online magazine Placera.nu releases buy recommendation for SCA. According to the report "If we look at SCA, there is much to welcome the increased prices and volumes in many segments. SCA is a large net buyer of pulp, around one million tonnes annually. Price increases have not fully been reflected in the income statement in the second quarter. The price of pulp already leveled off and producers like Billerud believe in falling prices towards the end of the year, which of course would be beneficial to SCA.
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Russian President Dmitry Medvedev on Tuesday ordered Emergency Situations Minister Sergei Shoigu to draw up a special program to boost the firefighting service. He said there was a pressing need to adopt "advanced firefighting equipment, modern fire safety systems." he said: "Separate funding will need to be set aside for that," Russian President Dmitry Medvedev released a video address to the country in response to the forest fires, which are raging out of control.
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OPERATING PROFIT FOR THE SECOND HALF OF THE YEAR EXPECTED TO IMPROVE FROM THE FIRST HALF. Operating profit excluding special items was EUR 199 million (EUR 31 million). Analysts expected an operating profit of EUR 114 million, according to a summary by SME Direkt.
Jussi Pesonen, UPM President and CEO, comments on the result for the second quarter of 2010: UPM's profit recovery in the second quarter "UPM's profit recovery in the second quarter was encouraging. Increased economic activity improved all of our business. Demand continued to pick up, and the sales grew by 20% from last year. " Read more
UPM AND WALLPAPER* MAGAZINE'S HANDMADE PARTNERSHIP
UPM and leading design bible Wallpaper* magazine have collaborated on an innovative project for the magazine's August issue. Hailed as its most ambitious issue to date, the magazine has been produced with no less than eight UPM paper grades with 21,000 subscriber generated digital covers on UPM Digi Finesse. The Wallpaper* Handmade issue features unique designs for furniture, fitting, foodstuffs, fashion and much more. From cover to cover, Wallpaper* Handmade is a complete celebration of craftsmanship. Read more
Canadian company Fortress Paper Inc. bought three digesters and other specialized processing equipment from Finnish company Stora Enso as part of its strategy to convert the Thurso paper pulp mill to dissolving pulp used to produce rayon, a product with a bright future. Read more
Seattle, USA. July, 2010. Demand for woody biomass, in the form of wood chips, wood pellets and torrified pellets will increase substantially in Europe over the next ten years, exactly how much though, is unclear as the size of the increase depends on policies and subsidies implemented by governments in individual countries within the European Union. Read more
"Avery Dennison delivered a strong second quarter, with double-digit sales growth and solid margin expansion," said Dean A. Scarborough, Avery Dennison chairman, president and CEO. "I'm especially pleased with the improved performance of Retail Information Services, which expanded operating margin above pre-recession levels. Our core pressure-sensitive materials businesses had solid results, including double-digit sales growth in all regions, and our investments in marketing have enabled us to convert more brand owners to pressure-sensitive solutions from other labeling technologies. Read more
Solid Revenue Growth, Significant Margin Expansion, Strong Free Cash Flow
International Paper today reported preliminary second-quarter 2010 net earnings attributable to common shareholders totaling $93 million ($0.21 per share) compared with a net loss of $162 million ($0.38 per share) in the first quarter of 2010 and net earnings of $136 million ($0.32 per share) in the second quarter of 2009. Amounts in all periods include special items. "Each of our businesses posted strong results in the second quarter, leading to the significant increase in earnings per share and solid free cash flow," said John Faraci, chairman and chief executive officer. "Operating rates are strong, inventories are low, and input costs are moderating. All of these factors position us well for a stronger third quarter."
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It is difficult to compare forest companies since there are no accounting principles how they value forest. The Swedish business webite E24.se has an article about the unnecessary complexity valuation of forest. Read more
Forest Group SCA's CEO Jan Johansson is dissatisfied with the profitability according to an interview in Realtid.se. - We have said we must have return on capital on 13 percent in total within the group. Right now we have around 9-10 percent, depending on seasonal variations and the business cycle.
What they miss that do not see the full potential in SCA?
They miss slightly the strength of our brands. In the interview Johansson commmented to Realtid. Read more
