Moody’s Dirk Steinicke comments on the credit impact of Finish paper producer Stora Enso’s decision to convert its Oulu paper mill to paper packaging.

The shareholders of Bergvik Skog AB, a Swedish forest holding company, have finalised the previously announced restructuring of its ownership. Stora Enso’s forest holdings in Sweden will increase to 1.4 million hectares, of which 1.15 million hectares is productive forest land. Prior to the transaction, Stora Enso’s indirect share of Bergvik Skog’s productive forest land was 936 thousand hectares.

The three companies Gallus Ferd. Rüesch AG, Steinemann Technologie AG and Schmid Rhyner AG have already been working together closely for several years. Gallus, known for its label printing machinery, integrates the Steinemann DEU (Digital Embellishment Unit) into its Labelfire 340 (width 340 mm). This enables top level refinement of digital print products. Here, the core is the module from Steinemann, the tradition-steeped manufacturer of inline and offline varnishing units for the graphics industry. The decisive varnishes for digital refinement, which are aligned for use on the machine, are manufactured by Schmid Rhyner, the leading Swiss manufacturer and developer of the patented diVar technology. The partnership between these three companies has brought digital varnishing a whole new dimension using inkjet technology.

The winners of this year’s FESPA Awards were announced at FESPA’s annual Gala Dinner, which took place on Wednesday 15 May at Löwenbräukeller in Munich, Germany, during FESPA Global Print Expo 2019.

OPVIUS and ARMOR today announce the signing of a Letter of Intent to merge OPVIUS development, integration and marketing activities for flexible organic photovoltaic films with those of ARMOR. A major common objective: to pool know-how in order to become the global benchmark company in flexible organic photovoltaic technology. The new entity would combine the French mid-market company ARMOR's industrial production capacity for ASCA® film (1 million m2 per annum - the highest in the world) with the organic photovoltaic film integration experience of the German company OPVIUS, as demonstrated by its numerous application projects. The merger would enable ARMOR to accelerate the deployment of its solar innovation projects and mark a major step in establishing a position of global leadership in flexible organic photovoltaics to meet the challenges of energy transition.

At Agfa-Gevaert's Annual General Meeting today, the 2018 financial statements, the remuneration report, the allocation of the result and the discharge of directors and auditors were approved.

Two new BYK additives, which have been developed primarily for the printing inks and inkjet inks segment, have won a Ringier Technology Innovation Award this May, one of the most prestigious industry awards in China. At the award ceremony in Shanghai, special attention was drawn to their groundbreaking wetting properties and broad compatibility in aqueous systems for the graphics and coating industries.

Henkel today announced the acquisition of Molecule Corp., a privately owned, technology-driven enterprise focused on product innovation in additive manufacturing.

Both companies to continue running their businesses separately and independently

Heidelberg postpress strategy remains unchanged

The company commits to technology after attracting an investment of 20.4 million dollars

Provisional group sales of €2,490 million for 2018/19 approximately 3 percent up on previous year

EBITDA margin of 7.2 percent within target range and slightly up on previous year
Cautious outlook for 2019/20 – sales and profitability forecast at previous year’s level
Deterioration in underlying conditions delay medium-term growth targets
New digital business models, industrial digital print and sustainable cost efficiency to be vigorously pursued

Q1 GAAP net income of $42 million / $0.45 per share

Adjusted EBITDA of $104 million in the quarter
Repurchased $225 million of senior notes
Liquidity strong at $595 million
Net debt to adjusted EBITDA at 0.6x