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GLG News by Fine Paper Experts (NA)

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Dave HillmanJuly 3, 2008
AbitibiBowaters: where is the bottom of this slippery slope?
Analysis of: Papers Facing Worst Year For Ad Revenue | www.nytimes.com
Author: Dave Hillman, Independent Consultant, Dave Hillman
There are 530 major newspapers in the US which are struggling with the highest newsprint prices since 1995.  They have already reduced the weight of the paper to 45 gsm and reduced the width of the paper. The NY Times instituted a waste reduction campaign that produced a 10% reduction in paper...
June 19, 2008
Oil Price Scapegoats
Analysis of: Why Big Oil is not to blame for fuel prices | www.thefirstpost.co.uk
Author: GLG Expert Contributor
When Government fails our representatives are quick to lay blame at the door of others. No different in this new energy crisis. The USA Senate and Congress, whether Republican or Democrat, has taken no postive steps over the last twenty years to wean the USA economy off foreign oil dependence. Like...
Dave HillmanJune 18, 2008
Oh My! Ableco is rejected, Wayzata now owns P&T's Halsey Mill
Analysis of: Willl There Be Layoffs at Harmac? | www.topix.com
Author: Dave Hillman, Independent Consultant, Dave Hillman
The Halsey mill was sold twice in one week.  First to Ableco for $24 million (but only $10 million in cash, the remainder was debt assumption).  Wayzata stepped up and bid $31 million cash but immediately refused to recognize the local Union.  Will this allow them to reduce the 180 man...
Dave HillmanJune 16, 2008
Pulp mills formerly depended on sawmills for chips - what do they do now?
Analysis of: Sawmills Falling Silent | www.nationalpost.com
Author: Dave Hillman, Independent Consultant, Dave Hillman
It has been reported that fully half the sawmills in British Columbia are now down for lack of orders.  This means that all those pulp mills who formerly purchased great quantities of chips (in some cases, 55% of their total fiber supply) have had to resort to other means.....(1) additional...
Dave HillmanJune 16, 2008
Will Halsey be a goldmine for Ableco Finance or a money pit?
Analysis of: Company Purchases Pulp Mill in Halsey | www.registerguard.com
Author: Dave Hillman, Independent Consultant, Dave Hillman
The Halsey mill has a number of valuable assets - the ability to produce Unbleached Softwood (most mills have gone out of this grade), two tissue/towelling machines, a deinking pulping operation, a pulp grade (NBSK) that is in demand all over the Pacific Rim and SE Asia and a location right on...
Dave HillmanJune 13, 2008
An Invitation Pulp Producers Couldn't Refuse
Analysis of: Stora Enso to start detailed study into Russian paper, pulp mill | www.forbes.com
Author: Dave Hillman, Independent Consultant, Dave Hillman
Raising the duy of all logs to 80 euros/cubic meter will put half the mills in Sweden and Finland out of business it's been reported. Already these mills are operating with the world's highest wood costs - some say as high as US$256/mt or almost six times as high as Ara Cruz's world costs for plantation...
Dave HillmanJune 6, 2008
Weyerhaeuser: dancing as fast as they can!
Analysis of: Weyerhaeuser delays REIT, disappointing investors | www.risiinfo.com
Author: Dave Hillman, Independent Consultant, Dave Hillman
The US Government has fashioned the Tax Laws to make it advantageous for large land owners like Weyerhaeuser to convert to a REIT.  This would be similar to what several Canadians (i.e. Canfor and SFK) have already done. Weyerhaeuser is one (if not the) largest landowner in the Pacific Northwest.  ...
Dave HillmanMay 20, 2008
Does P&T's closure assure another $30/admt price increase in NBSK?
Analysis of: Pope & Talbot Mills To Be Idled For Now | www.reuters.com
Author: Dave Hillman, Independent Consultant, Dave Hillman
The three mills - Harmac, MacKenzie (BC) and Halsey (OR) were producing 1 million mt/year most for export to the Far East.  How will all the papermills who had been depending on this high strength softwood be able to cope?   Already the market is snug with supply and demand in balance. ...
Dave HillmanMay 9, 2008
Methane from cellulose in sewage
Analysis of: The Biofuels Backlash | online.wsj.com
Author: Dave Hillman, Independent Consultant, Dave Hillman
There is a huge amount of cellulose in municipal sewage and represents enormous potential for producing an energy source from a current discarded material.  What would it take to make this commercially feasible? If a process could be proven effective, every municipality in the US could incorporate...
Dave HillmanApril 11, 2008
China + India = A Tight Global Pulp Market
Analysis of: Pulp Imports To China Surged In 2007 | www.paperage.com
Author: Dave Hillman, Independent Consultant, Dave Hillman
China's growing middle class has developed a strong appetite for both Uncoated FreeSheet (A4 Copybond, Offset Printing paper, envelope, tablet, thermal imaging papers etc) that has exceeded the PRC's expectations.  How much more will it grow?  The Government has already said by 2010 their...

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