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APP shows a little sign of progress on zero-deforestation policy

Local and international watchdogs have criticized Indonesia’s biggest pulp and paper producer for what they consider an inability to satisfy its lead zero-deforestation strategy.
The joint statement lambasting Asia Pulp and Paper (APP) comes on the fifth anniversary of the launch of the company’s Forest Conservation Policy (FCP) in February 2013, in which it pledged to not destroy natural forests for its pulpwood plantations.
According to estimates by Eyes on the Forest, a coalition of environmental NGOs, APP had cleared more than 20,000 square kilometers (7,720 square miles) of natural forest in Indonesia in the three decades to 2010 — an area roughly the size of the U.S. state of New Jersey.
Under its FCP pledge, the pulp giant sought to

Smurfit Kappa rejects the bid

Revised proposal from International Paper fails to reflect Smurfit Kappa’s intrinsic value, track record and superior prospects as an independent business.
Under the terms of the revised proposal, Smurfit Kappa shareholders would receive €25.25 in cash (which would be reduced to €24.605 after payment of the final dividend of 64.5% recommended on 7 February 2018 and to be paid on 11 May 2018) and 0.3028 new shares of International Paper common stock for each Smurfit Kappa ordinary share held by

Insolvent German paper mills advances

German paper mills Feldmuehle Uetersen and Papierfabrik Scheufelen, which both filed for insolvency in January, have updated on their progress with days to go until bankruptcy proceedings kick off at both companies.
Lenningen-based Papierfabrik Scheufelen initiated preliminary insolvency proceedings on 30 January. The company said talks with potential investors are continuing but that production is temporarily suspended as insolvency proceedings get under way from 1st April.
The “vast majority”

Papers Worldwide unveils two swatchbooks for ME region

Dubai based paper distributors, Papers Worldwide has released 2 new swatchbooks for the Middle East region.
Ashita Judge, CEO of Papers Worldwide says: “Our 2 new swatchbooks for the ME region consist of ‘Arabesque Swatchbook”, which is our master book with all paper products and brands offered through Papers Worldwide displayed in one place and  the other one is the ‘Neo Collection’ featuring our newly launched coated fine paper selection.  The Arabesque Swatchbook is divided into 4 books for