A Word from the President

In 2010, The CellMark Group continued to excel despite an uncertain global marketplace. Specifically, we executed several key programs that aligned with our strategy to grow the company — organically and through acquisition.

 

Despite market uncertainty, our raw materials units, the Pulp and Recycling divisions, exceeded expectations considerably. At the same time, Paper and Packaging identified and acted upon numerous opportunities to dramatically increase their market presence. Thanks to these and other initiatives, the Group transacted close to 5 million tons. This volume, combined with a relatively strong market and safe transaction management, led to a successful year.

 

Also during 2010, all divisions diversified their product and service portfolios — CellMark continues to explore emerging markets and expand its reach and capabilities. The Pulp Division, for example, has laid the groundwork for a solid biofuel facility in South East Asia. Additionally, the Paper Division identified several new suppliers — in Europe and North America — and created deeper and more efficient channels to connect with them. It also began working with new product lines. The Recycling Division is involved in several new facilities, including the Duquesa materials recovery plant in the Dominican Republic. Moreover, the Packaging Division significantly increased its volume with partners in key markets, and continued a growth plan into new regions and product diversification.

 

CellMark also continued to work closely with our banking and credit insurance partners, who enabled the company to pursue and implement the increasingly innovative and flexible solutions the market requires. In addition, we remain grateful to our global customers and suppliers, whose support remains invaluable to our success.

 

Finally, in 2010, we invested heavily in new people; the company now has more than 500 employees. These professionals are living examples of our key corporate values: integrity, trust, transparency and accountability. Thanks to them, CellMark had a strong 2010. We forged ahead during difficult economic times, and set the stage for even greater success in 2011.

 

Hans Kling