Paper360 - September/October 2016 - 32

RESULTS FROM PULP, PAPER, CONVERTING & MERCHANDISING OPERATIONS ONLY Rank 2015 Rank 2014 2015 sales ($ million) % change 2015/ 2014 Company Name Rank 2015 2015 sales ($ million) % change 2015/ 2014 2015 Earnings ($ millions) -23.5 51 48 1,556.6 0.5% Lecta Barcelona, Spain 58 1,654.8 0.0% 52 52 1,498.2 8.0% Palm Aalen, Germany 64 1,498.2 8.0% 0.0 53 63 1,496.3 30.0% Anhui Shanying Paper Man An Shan City, China 61 1,571.5 26.5% 33.3 54 46 1,431.3 -5.0% Norske Skog Skøyen, Oslo, Norway 65 1,431.3 -5.0% -189.3 55 56 1,393.1 -0.5% Hengan International Group Jinjiang, Fujian province, China 32 3,153.9 2.6% 529.3 56 53 1,366.4 1.5% Prinzhorn Holding Wiener Neudorf, Austria 66 1,366.4 1.5% NA 57 55 1,365.7 -1.0% Cheng Loong Taipei, Taiwan 67 1,365.7 -3.3% 26.6 58 35 1,353.7 -28.4% Holmen Stockholm, Sweden 49 1,899.1 0.4% 66.3 59 62 1,223.2 3.8% Shandong Huatai Paper Dongying, Shandong, China 63 1,512.0 1.7% 7.5 60 70 1,207.0 18.9% Vinda Paper Group Guangdong, China 68 1,250.7 21.4% 40.6 61 57 1,192.7 7.4% Ahlstrom Helsinki, Finland 69 1,192.7 7.4% Hansol Paper Seoul, South Korea 70 1,192.3 Moorim Group Seoul, South Korea 52 1,764.3 -1.8% 12.0 72 1,127.2 50.2% 84.4 62 1,192.3 63 59 1,165.9 -2.1% 64 66 1,127.2 50.2% 65 64 1,121.2 1.5% 66 82 1,084.2 59.8% 67 77 1,069.9 1735.8% 68 61 1,052.4 6.8% 69 67 971.1 9.4% 70 65 946.2 -11.9% 71 75 941.0 -1.8% 72 73 927.5 7.5% 73 92 905.4 60.1% 74 68 894.1 3.9% Eldorado Brasil Celulose 9.5 22.7 Shandong Bohui Paper Industry Zibo, Shandong, China 71 1,133.2 1.1% 6.9 Fedrigoni SpA Verona, Italy 74 1,084.2 11.9% 63.0 Bio-PAPPEL Durango, México 75 1,069.9 1735.8% 2.5 Södra Växjö, Sweden 45 2,166.3 5.4% 221.2 VPK Packaging Aalst, Belgium 77 971.1 9.4% 72.1 Mercer International Seattle, Washington, US 76 1,033.2 -12.1% 75.5 Rayonier Advanced Materials Jacksonville, Florida, US 79 941.0 -1.8% 55.0 Canfor Vancouver, BC, Canada 34 3,071.8 17.3% 71.9 BILT - Ballarpur Industries New Delhi, India 80 905.4 60.1% 27.7 EUROPAC Papeles y Cartones de Europa Madrid, Spain 81 894.1 3.9% 36.0 75 76 892.1 9.0% Kruger Products Montreal, QC, Canada 82 892.1 9.0% 1.2 76 78 887.7 -1.7% Neenah Paper Alpharetta, Georgia, US 83 887.7 -1.7% 51.1 77 71 880.1 -11.3% Yueyang Forest & Paper Co Yueyang, Hunan, China 78 952.0 -9.9% -62.6 Long Chen Paper Co., Ltd. Taipei, Taiwan 84 844.4 78 844.4 29.9 79 79 825.5 5.0% Chuetsu Pulp and Paper Tokyo, Japan 85 825.5 -1.2% 11.7 80 69 816.2 -7.1% Tembec Montreal, QC, Canada 73 1,109.7 -4.9% -117.4 39.3 81 80 808.2 8.2% Papierfabrik August Koehler SE Oberkirch, Germany 86 808.2 8.2% 82 74 769.5 1.2% Arctic Paper Poznañ, Poland 87 769.5 1.2% -7.0 83 84 704.3 10.8% West Fraser Timber Vancouver, BC, Canada 31 3,208.5 6.3% 81.4 84 83 700.0 -13.6% Appvion Appleton, Wisconsin, USA 93 700.0 -13.6% 158.5 85 81 688.1 -4.6% LEIPA Georg Leinfelder Schwedt, Germany 94 688.1 -4.6% 0.0 86 88 676.1 -4.3% Greif Delaware, Ohio, US 30 3,616.7 -14.7% 71.9 87 85 633.8 3.7% Exacompta Clairefontaine Etival Clairefontaine, France 95 633.8 3.7% 12.2 88 87 626.7 5.8% Altri Porto, Portugal 91 737.8 20.2% 130.5 89 91 600.7 5.9% ITC Kolkata, India 17 5,689.0 1.1% 1,535.5 KleanNara Co. Ltd Seoul, South Korea 96 599.5 764.1 -3.8% 89.7 63.9 90 599.5 -1.2 91 98 583.9 17.7% SWM Alpharetta, Georgia, US 89 92 90 578.8 26.3% Celulose Nipo-Brasileira (CENIBRA) Belo Oriente, Minas Gerais, Brazil 98 578.8 26.3% 93 95 567.2 7.9% Century Sunshine Group Weifang, Shandong, China 97 598.2 8.2% 9.0 94 97 538.8 10.9% De la Rue Basingstoke, Hampshire, UK 90 752.7 4.3% 31.8 95 89 536.0 -3.8% -3.4% 96 97 513.3 93 98 486.1 2.8% 469.4 99 94 100 99 ENCE Madrid, Spain 92 736.8 Jeonju Paper Corporation Seoul, South Korea 99 513.3 Reno de Medici SpA Milan, Italy 100 486.1 Hankuk Paper Manufacturing Ltd. Seoul, South Korea 101 469.4 466.1 2.8% Progroup Landau/Pfalz, Germany 88 309.3 0.4% Lintec Tokyo, Japan 54 295,560 32 Location of Headquarters CONSOLIDATED RESULTS Paper360º SEPTEMBER/OCTOBER 2016 55.3 -55.3 2.8% 12.1 765.7 4.3% 0.0 1,739.0 1.6% 7.0 462,746 www.tappi.org 90.0 23,305 http://www.tappi.org

Table of Contents for the Digital Edition of Paper360 - September/October 2016

Setpoint
Over the Wire
Agenda 2020 Launches ‘Roadmaps’ to Efficiency, Sustainability, and New Product Goals
RBI: Transforming to Meet the Industry’s Research Needs
Paper Schools: Forging the Future
PPI Top 100
RISI’s Latin American CEO of the Year
Automation Upgrade Helps Sappi Gratkorn Perform
Innovative Direct Drive in a Turnkey-rebuilt Project
Klingele Papierwerke Saves Money, ‘Foils’ Stickies
TAPPI Journal Summaries
Life Cycle of the US Paper Industry
TAPPI News
ASPI News
Index of Advertisers
Paper360 - September/October 2016 - bellyband1
Paper360 - September/October 2016 - bellyband2
Paper360 - September/October 2016 - cover1
Paper360 - September/October 2016 - cover2
Paper360 - September/October 2016 - 3
Paper360 - September/October 2016 - 4
Paper360 - September/October 2016 - 5
Paper360 - September/October 2016 - Setpoint
Paper360 - September/October 2016 - 7
Paper360 - September/October 2016 - Over the Wire
Paper360 - September/October 2016 - 9
Paper360 - September/October 2016 - 10
Paper360 - September/October 2016 - 11
Paper360 - September/October 2016 - 12
Paper360 - September/October 2016 - 13
Paper360 - September/October 2016 - Agenda 2020 Launches ‘Roadmaps’ to Efficiency, Sustainability, and New Product Goals
Paper360 - September/October 2016 - 15
Paper360 - September/October 2016 - 16
Paper360 - September/October 2016 - 17
Paper360 - September/October 2016 - 18
Paper360 - September/October 2016 - 19
Paper360 - September/October 2016 - RBI: Transforming to Meet the Industry’s Research Needs
Paper360 - September/October 2016 - 21
Paper360 - September/October 2016 - 22
Paper360 - September/October 2016 - 23
Paper360 - September/October 2016 - Paper Schools: Forging the Future
Paper360 - September/October 2016 - 25
Paper360 - September/October 2016 - 26
Paper360 - September/October 2016 - 27
Paper360 - September/October 2016 - 28
Paper360 - September/October 2016 - PPI Top 100
Paper360 - September/October 2016 - 30
Paper360 - September/October 2016 - 31
Paper360 - September/October 2016 - 32
Paper360 - September/October 2016 - 33
Paper360 - September/October 2016 - 34
Paper360 - September/October 2016 - 35
Paper360 - September/October 2016 - 36
Paper360 - September/October 2016 - 37
Paper360 - September/October 2016 - RISI’s Latin American CEO of the Year
Paper360 - September/October 2016 - 39
Paper360 - September/October 2016 - 40
Paper360 - September/October 2016 - 41
Paper360 - September/October 2016 - 42
Paper360 - September/October 2016 - 43
Paper360 - September/October 2016 - 44
Paper360 - September/October 2016 - 45
Paper360 - September/October 2016 - Automation Upgrade Helps Sappi Gratkorn Perform
Paper360 - September/October 2016 - 47
Paper360 - September/October 2016 - 48
Paper360 - September/October 2016 - 49
Paper360 - September/October 2016 - Innovative Direct Drive in a Turnkey-rebuilt Project
Paper360 - September/October 2016 - 51
Paper360 - September/October 2016 - 52
Paper360 - September/October 2016 - 53
Paper360 - September/October 2016 - Klingele Papierwerke Saves Money, ‘Foils’ Stickies
Paper360 - September/October 2016 - 55
Paper360 - September/October 2016 - 56
Paper360 - September/October 2016 - 57
Paper360 - September/October 2016 - TAPPI Journal Summaries
Paper360 - September/October 2016 - 59
Paper360 - September/October 2016 - 60
Paper360 - September/October 2016 - 61
Paper360 - September/October 2016 - Life Cycle of the US Paper Industry
Paper360 - September/October 2016 - 63
Paper360 - September/October 2016 - 64
Paper360 - September/October 2016 - 65
Paper360 - September/October 2016 - TAPPI News
Paper360 - September/October 2016 - 67
Paper360 - September/October 2016 - ASPI News
Paper360 - September/October 2016 - 69
Paper360 - September/October 2016 - Index of Advertisers
Paper360 - September/October 2016 - cover3
Paper360 - September/October 2016 - cover4
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