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Norske Skog appoints Evercore Partners International LLP to act as its financial adviser

Norske Skog AS has appointed Evercore Partners International LLP (Evercore) to act as its financial adviser in connection with a sale of Norske Skog AS and its subsidiaries (the Norske Skog group's operating businesses) by way of a competitive sale process which will commence imminently. A range of ...
November 24, 2017

Norske Skog reports 3Q operating earnings of NOK 73 million ($9 million)

Finance246  
Norske Skog's gross operating earnings (EBITDA) in the 3Q 2017 were NOK 143 million ($17.8 million), a decrease from NOK 190 million ($23.7 million) in the 2Q 2017, as the company said in the press release received by Lesprom Network.Gross operating earnings declined despite an increase in sales vol...
November 21, 2017

Rayonier Advanced Materials completes acquisition of Tembec

Rayonier Advanced Materials Inc. has completed the acquisition of Tembec Inc., combining two complementary high purity cellulose businesses and diversifying its product offerings with integrated forest products, paper, paperboard and Newsprint businesses.The combined company, which will operate unde...
November 2, 2017

Resolute Forest Products increased 3Q net income to $24 million

Finance252  
Resolute Forest Products Inc. reported net income for the 3Q ended September 30, 2017, of $24 million, or $0.26 per share, compared to net income of $14 million, or $0.15 per share, in the same period in 2016. Sales were $885 million in the 3Q 2017, essentially unchanged from the 3Q 2016, as the com...
October 24, 2017

West Fraser reports 3Q 2017 earnings of $120 million

Finance263  
West Fraser reports 3Q 2017 earnings of $120 million, up from $107 million a year ago. Lumber segment generated operating earnings of $126 million and Adjusted EBITDA of $195 million. This quarter’s results were negatively impacted by lower product pricing and lower SPF production as a result of the...
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