News Ticker – July 9, 2010

Fraser Papers’ bankruptcy protection extended to Oct. 29
The Toronto, Canada, paper and paperboard substrate provider was granted a further extension of its CCA creditors protection until Oct. 29 by the Ontario Superior Court of Justice. Recently, it also obtained final okay from the court to sell its paper mill in Gorham, NH, to an investment fund managed by MerchantBanc LLC. Fraser Papers expects to complete the sale of the Gorham mill on or before Aug. 31.

Kimberly-Clark invests in AR plant, will add 40 jobs
The tissue/towel and sanitary-products converter plans to spend $25 million on an expansion of its Conway, AR, facility and add more than 40 jobs at the plant. The site, which makes feminine-hygiene products, currently has about 500 workers. The expansion will add manufacturing capacity for products not now being produced in the US, modernize technology and make other improvements on existing production lines, K-C says.

Labelexpo Europe 2011 changes shows dates
After a request from both visitors and exhibitors, show organizer Tarsus Group plc will now run Labelexpo Europe 2011 in Brussels, Belgium, from Sept. 28 to Oct. 1 next year. On the last day of the event (a Saturday), press operators will be encouraged to attend through hands-on demonstrations and special features for this audience. More than 80% of exhibition space has already been sold. More info

Chase Corp. reports record quarterly revenues of $39.6 million
The Bridgewater, MA-based converter of tapes and laminates, as well as sealants and coatings, reported financial results for its best quarter ever. Revenues of $39.6 million for the third fiscal quarter ended May 31 represent an increase of $14.5 million or 58% compared to $25.1 million in the third quarter of last year. More info

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