Asia Pulp & Paper (APP) is expected to obtain more loans from Chinese banks to fund expansion projects in Indonesia.
The company's parent group, Sinar Mas, has secured a $1.5 billion loan from the China Development Bank (CDB) and ICBC Financial Leasing to fund the conglomerate's expansion in the power, pulp and telecommunication industries in Indonesia.
The loan agreement was signed in Beijing on March 27, witnessed by Indonesian president Joko Widodo and China's prime minister Li Keqiang, according to media reports.Read more
STOCKHOLM, March 25, 2014 (Press Release) - As the first Swedish listed company, SCA has raised SEK 1.5 bn through a green bond issue. The bond proceeds will be used for investments in projects with a positive environmental impact.Read more
KINGSEY FALLS, QC, March 13, 2014 (CNW) - Cascades Inc. announces that the Toronto Stock Exchange accepted its notice of intention to begin a normal course issuer bid in respect of its Common Shares. Purchases pursuant to the normal course issuer bid will commence on March 17, 2014 and will not continue beyond March 16, 2015. The Common Shares purchased shall be cancelled.Read more
GRAZ, Austria, Jan. 13, 2014 (Press Release) - Further financial provisions for pulp mill project in South America
VANCOUVER, BC, Dec. 30, 2013 (Viewpoint) - excerpt from RBC Dominion Securities
Slightly negative. RISI US tissue stats for November were released.Read more
STUTTGART and HEIDENHEIM, Germany , Dec. 11, 2013 (Press Release) -Read more
SAO PAULO, Nov. 25, 2013 (RISI) - Brazilian tissue paper producer Santher's financial results for the third quarter of 2013 showed revenues 7.5% higher over the same period of 2012, at Real 304 million ($130.9 million). The company's EBITDA also boosted 37.6% to Real 35.5 million. The improved results, alongside an 8.6% decrease in net debt to Real 450.6 million, took the company's leverage (net debt/EBITDA ratio) down to 3.7x.Read more