A few recent happenings in the paper industry
-International Paper completed its sale of Carter Holt for $1.4billion
-International Paper will move its headquarters from Stamford, CT to Memphis, TN
-International Paper is restructuring and will divest every non-uncoated asset.
-MeadWestvaco announced a $200million cost cutting plan; reduction of employees and facilities
-NewPage has purchased all of MeadWestvaco's fine paper manufacturing sites
-Uncoated paper producers will be increasing the brightness on copy paper from 84 to 92+ brightness
-SAPPI shut down the 116,000 tpy coated free sheet paper machine in Muskegon, MI
-Abitibi to cut 600,000 tons of production of newsprint this year.
-Blue Heron Paper ratified a 4-year contract - 15% pay hike; mill produces 225,000tpy of newsprint
-Boise Cascade will spend $60million to increase its label capacity for pressure sensitive labels
-Transportation of paper products remains a challenge - higher fuel rates and disruption caused by hurricane
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