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No Quick Exit For AbitibiBowater
Dead Tree Edition
With AbitibiBowater likely to remain under bankruptcy protection well into next year, a Canadian court has approved additional financing for the giant papermaker.
The company received permission Friday from a Montreal Superior Court to increase its debtor-in-possession (DIP) financing from $140 million to $370 million, despite the objections of some creditors. Read more
Online Feature
Black liquor tax credit update: the debate keeps on burning
Mark Rushton, Editor, Pulp & Paper International Magazine, RISI
The black liquor tax credit has been a hot topic in North America, but black liquor has also become important among producers, exporting to the US, who have been hit hard by the subsidy. As the tax loophole is closed later this year, price increases outside and inside the US should begin to stick. This should offer some relief to the beleaguered European industry that has been hit by exchange rate issues as well. Read more
Indian Seminar
Gautam Thapar to deliver keynote speech at RISI's Indian Seminar
Gautam Thapar, Chairman and CEO of Avantha Group and parent company of Ballarpur Industries (BILT) will deliver the keynote speech at RISI's Indian Seminar on December 3, 3009 in New Delhi.
RISI also confirmed that Mr. Anil Kumar, Executive Director and CEO of the Shreyans Group will give a presentation on "The Challenge of Finding Raw Material Supplies: Recovered Paper, Wood, Non-Wood and Plantations Restrictions."
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Featured White Paper
Environmental, Product Performance Go Hand-in-Hand at Simpson Tacoma
By Martin Koepenick
Simpson Tacoma Kraft's pro-active approach to the environment fosters community relations along with savvy thinking that positively influences linerboard ... Read more
SPECIAL FEATURE
Pulp and papermakers celebrate at a World First
Mark Rushton, Editor, Pulp & Paper International Magazine, RISI
The city of Munich was witness to a World First late last week as pulp and paper makers from all around the globe stepped out from under the burden of tough times to attend the very first PPI Awards. The awards have been designed to celebrate achievements in this unique and remarkable industry, and judging by the delight on the winners' faces, the event did not disappoint. . Read more