Paperclips Blog | AFPA Reports Results

  • 05.24.2013

    Dollar Tree, Inc. Reports Record First Quarter Results

    Dollar Tree, Inc., North America's leading operator of discount variety stores selling everything for $1 or less, reported its results for the quarter ended May 4, 2013 ("first quarter"). Consolidated net sales for the first quarter were a record $1.87 billion, an 8.3% increase compared to $1.72 billion reported for the quarter ended April 28, 2012 ("first quarter 2012"). Comparable store sales increased 2.1%, on top of a 5.6% increase for the first quarter 2012.

    Earnings per diluted share for the first quarter were $0.59, an 18.0% increase compared to earnings per diluted share of $0.50 reported for the first quarter 2012.

    Highlights
    • Earnings per diluted share increased 18.0%, to $0.59
    • Consolidated net sales increased 8.3%, to $1.87 billion
    • Comparable store sales increased 2.1%
    • Operating margin increased 70 bps to 11.6%
    click here
  • 05.24.2013

    Gap, Inc. Reports First Quarter Results

    Gap Inc. today reported that net sales for the first quarter, which ended May 4, 2013, increased 7 percent to $3.73 billion compared with $3.49 billion for the first quarter last year. Due to the 53rd week in fiscal year 2012, comparable sales for the first quarter of fiscal year 2013 are compared with the 13-week period ended May 5, 2012. On this basis, the company’s first quarter comparable sales increased 2 percent compared with a 4 percent increase in the first quarter last year.

    First quarter diluted earnings per share increased to $0.71 compared with $0.47 last year. The fiscal year 2013 first quarter diluted earnings per share included a positive impact from the calendar shift created by the 53rd week in fiscal year 2012 and a benefit from the favorable resolution of tax positions in the quarter. The company reaffirmed its fiscal year 2013 diluted earnings per share guidance of $2.52 to $2.60.

    Highlights
    • Positive 2 percent comparable sales versus positive 4 percent last year, driven by strength in all three global brands: Gap, Old Navy, and Banana Republic.
    • Operating margin expanded 290 basis points to 14.2 percent.
    • Net earnings were up $100 million, or 43 percent, compared with the first quarter last year.
    • Gap Inc. opened five Athleta stores in the first quarter, for a total of 40 stores open to date.
    • The company opened nine Old Navy stores in Japan in the quarter, for a total of 10 stores open to date.
    • The company continued to expand its store base in China, opening two additional stores in the quarter, for a total of 49 stores.

    click here
  • 05.24.2013

    Ralph Lauren Reports Better-Than-Expected Fourth Quarter and Full FY 2013 Profits

    Ralph Lauren Corporation today reported net income of $127 million, or $1.37 per diluted share, for the fourth quarter of Fiscal 2013, compared to net income of $94 million, or $0.99 per diluted share, for the fourth quarter of Fiscal 2012. In the fourth quarter of Fiscal 2013, the Company recorded approximately $6 million in pre-tax impairment and restructuring charges associated with winding down its Rugby operations. 

    Excluding the Rugby-related charges, net income rose 39% to $131 million and net income per diluted share increased 42% to $1.41 in the fourth quarter of Fiscal 2013. Net income for the full year Fiscal 2013 period was $750 million, or $8.00 per diluted share, compared to net income of $681 million, or $7.13 per diluted share, for Fiscal 2012. Excluding $19 million in Rugby-related charges, net income for Fiscal 2013 rose 12% to $762 million and net income per diluted share increased 14% to $8.13.

    Highlights
    • Fourth Quarter Net Revenues were $1.6 Billion, Reflecting Strong Retail Segment Growth
    • Consolidated Operating Income Rose 33% in the Fourth Quarter and Operating Margin Expanded 270 Basis Points to 11.1%
    • Earnings Per Diluted Share Increased 38% to $1.37 in the Fourth Quarter
    • Full Year Fiscal 2013 Net Revenues were $6.9 Billion and Diluted EPS Increased 12% to $8.00
    click here
  • 05.24.2013

    Stein Mart, Inc. Reports First Quarter 2013 Financial Results

    Net income for the first quarter of 2013 was $14.7 million or $0.33 per diluted share compared to net income of $10.8 million or $0.25 per diluted share in 2012. EBITDA for the first quarter increased 29.3 percent to $31.2 million compared to $24.1 million in 2012 (see Note 1).

    Total sales for the first quarter of 2013 increased 3.8 percent to $321.4 million, while comparable store sales increased 1.2 percent.

    "We ended the quarter strongly with an 8.0 percent comp sales increase in April and a positive comp for the quarter, despite a slow start caused by colder than normal weather and the Easter calendar shift," said Jay Stein, Chief Executive Officer. "Our increased sales and a higher gross profit rate leveraged against relatively flat expenses drove our substantially higher earnings."

    Highlights
    • Diluted earnings per share of $0.33 compared to $0.25 last year.
    • Net income of $14.7 million increases 35.6 percent.
    • Comparable store sales up 1.2 percent.
    click here
  • 05.24.2013

    Office Depot And OfficeMax Select The Boston Consulting Group to Provide Integration Support

    Office Depot, Inc. and OfficeMax Incorporated today announced that The Boston Consulting Group (BCG), a global management consulting firm, has been selected to provide integration support for the companies' proposed merger.

    The Boston Consulting Group will be responsible for working with the management teams from both companies to help define the priorities, vision, and guiding principles of the integration process. They will work closely with the two companies' integration leaders to establish a detailed integration plan that includes defining Day 1 priorities, preparing functional and synergy planning timelines, refining and establishing baseline and top-down synergies, conducting a culture assessment, and supporting the development of change management and communication plans.

    BCG will provide a dedicated, on-site support team comprised of senior leaders, strategic advisors, and functional experts with extensive integration experience and deep understanding of multi-channel distribution and the global office supply industry. BCG has helped global and multinational clients integrate hundreds of mergers and acquisitions in the last five years.
    click here
  • 05.24.2013

    General Converting, Inc. Installs Speedmaster XL 106

    When General Converting, Inc. (GCI), Bolingbrook, IL, found itself in the market for a new, 40" offset press, it aimed to purchase a state-of-the-art machine that would help the company to expand its presence in the markets it already served, and improve the cost structure to its customers. Because nothing less than the best available technology would do, the company turned to longtime supplier Heidelberg for a solution, ultimately choosing an 8-color Speedmaster XL 106 with Image Control and Inpress Control, full logistics, and workflow integration via Prinect Pressroom Manager. 
      
    Based in Bolingbrook, IL, privately held General Converting, Inc. designs and manufactures custom specialty folding cartons and display work primarily for customers in the candy and confectionery markets. Other markets include foods, cosmetics, clothing, housewares, pet products, pharmaceuticals, automotive, office and school, and DVD packaging. The company also provides die cutting, folding and gluing, as well as co-packing and fulfillment services. 
      
    "We needed a press that was capable of fast makeready and changeover to match the flexibility, creativity, and responsiveness our customers demand as their production requirements change," said Bob Ruebenson, company president. "Alongside our existing 6-color Speedmaster CD 102 LYL UV double coating press and our 7-color Speedmaster CD 102 UV perfecting press, the new Speedmaster XL 106 puts us in a position to anticipate customer needs and respond to scheduling and forecasting changes without delay, and without compromising on quality." 
    click here
  • 05.24.2013

    Mail-Gard® Installs Océ JetStream® 2200 to Boost Capacity for High-Volume, Full-Color Variable Printing

    Mail-Gard®, a division of IWCO Direct and one of the nation’s leading providers of critical communication recovery solutions, has increased its capacity for full-color (CMYK) variable data printing with the installation of an Océ JetStream® 2200 at its facility in Warminster, Pa. The printer is also equipped with dynamic magnetic ink character recognition (MICR) printing and perforation capabilities, giving Mail-Gard the flexibility to print a variety of job requirements on demand. The new press unit will be fully operational in June and complements the full-color capabilities currently present at IWCO Direct’s facilities in Chanhassen, Minn.

    The JetStream 2200 meets increasing demand for print-to-mail recovery plans that include full-color variable continuous print and multiple finishing requirements. Printing at 500 feet per minute with 600 DPI, Mail-Gard’s JetStream 2200 has dynamic perforation and MICR printing along with in-line tractor-feed hole punch capabilities. These features allow a variety of print applications such as checks, statements, invoices and more, to be printed within the same data stream, significantly reducing the time required to set up and produce print runs with multiple formats.
    click here
  • 05.24.2013

    FiberMark's Product Chosen for Record-Breaking Ribbon Cutting Ceremony to Support Jersey Shore

    FiberMark has announced that its Super Arcoflex® 1025 Cerulean Blue C2S, will be part of the ‘Jersey Shore Revitalization’ event, televised nationally on the Today Show this coming Friday. 
     
    On Friday, May 24th starting at 7AM, beaches along the Jersey Shore will be participating in the “Stronger than the Storm” ribbon cutting event. The kickoff event is a five mile ribbon cutting by Governor Chris Christie; in conjunction the Governor will be appearing on the Today Show as a guest host from 7-9AM announcing that the New Jersey beaches survived the storm and are open for business.  Other parts of the shore will hold similar ribbon cuttings spanning 100 miles worth of seafront.
     
    All ribbon, produced by FiberMark, will span across Seaside Heights, around the businesses, and down the shore. They believe it will break the Guinness World Record for ribbon cutting. For more information, the general kickoff of the website is www.strongerthanthestorm.com, initiated by the State of New Jersey and the New Jersey Economic Development Authority.
    click here
  • 05.24.2013

    Production of Pulp and Paper in Sweden Down Slightly in First Quarter 2013

    The Swedish Forest Agency said that in the first quarter of 2013 Swedish mills' production of paper and paperboard totaled 2.8 million tonnes, a decrease of 2.4 percent. The production of newsprint decreased the most by 12 percent, and printing paper fell by 3 percent.

    Other paper and paperboard grades increased slightly in the first quarter, the Agency said.

    Wood pulp production totaled 3 million tonnes — a decrease of 0.7 percent when compared to the first quarter of 2012. Production of sulphate pulp, which accounts for 64 percent of the total production of wood pulp, was 0.7 percent higher in the first quarter of 2013 compared with the same quarter 2012.

    Production of other grades of wood pulp decreased slightly, the Agency said.
    click here
  • 05.24.2013

    Ilim Publishes its Q1 2013 results

    Ilim Group reports that from January to March 2013, its Koryazhma Mill (Arkhangelsk Oblast) manufactured 276,000 tons of pulp and paper products — a 1% increase compared to the same period of 2012. This includes 93,000 tons of market pulp — a 2% increase against the first three months of 2012. Here are some additional highlights:
    • Market containerboard production gained 1%, reaching 126,000 tons.
    • Paper production lost 2% and amounted to 58,000 tons. The mill produced 20,000 tons of sack paper, 32,000 tons of offset paper, and 5,000 tons of wallpaper.
    • Pulp cooking increased by 1%, totaling 289,000 tons in the first quarter of 2013.
    click here
  • 05.24.2013

    Stora Enso Inaugurates New Containerboard Machine

    Stora Enso’s transformation continues, and as a tangible proof of this strategic journey the new containerboard machine at Ostroleka in Poland was officially inaugurated on 23 May. The crown jewel of Ostroleka Mill, the new light-weight containerboard machine that went on stream in early 2013, runs exclusively on recovered fibre.

    “We have to continue to rethink, and the investment in Poland is another step in our transformation into a value-creating renewable materials company focusing on growth markets,” says Stora Enso CEO Jouko Karvinen.

    “The demand for modern light-weight corrugated packaging is increasing rapidly. The market in Central and Eastern Europe will grow by over 5% per year,” says Mats Nordlander, EVP, Renewable Packaging. “Our new BM 5 will strengthen our position in the growing markets of Central and Eastern Europe, and at the same time supporting our packaging growth strategy.”

    New containerboard machine – a sustainable investment
    Stora Enso’s integrated network for collecting paper for recycling in Poland, the new efficient power plant that uses more than 50% biofuels and this new state-of-the-art containerboard machine with low energy consumption will make Ostroleka the benchmark for cost and product offering in Europe.
    click here
  • 05.24.2013

    Tetra Pak Wins Dupont's First Silver Anniversary Award

    Some industries have dazzling ceremonies to mark great achievement, such as the Academy Awards, Emmys and Grammys.  And others have a Hall of Fame, from every major sport to country music, rock and roll, astronauts and more.  But neither format comes to mind when you think about packaging. Yet many groundbreaking innovations in this field have - and continue to - usher in significant societal change that improves quality of life, health, safety, nutrition and more for billions of people around the world. 

    DuPont recognized this 25 years ago when they founded their prestigious Awards for Packaging Innovation - which is the industry's longest-running, global, independently judged celebration of innovation and collaboration and the closest thing it has to a Hall of Fame. DuPont Awards recognize seminal and inspirational achievements annually, and this year those earning top honors included Procter & Gamble for reducing waste in packaging by 30 percent in Gilette razors; BMC for partnering with a materials recovery firm to keep ink cartridges out of landfills; and AidPod for a kit that tucks between the bottles in soda crates to deliver life-saving medicine sub-Saharan villages.

    And to mark the program's 25th anniversary, Tetra Pak was honored with the first DuPont Silver Anniversary Award for Excellence in Continuing Innovation. 
    click here
  • 05.24.2013

    Holmen to Build Wind Farm

    Together with investment fund Eurofideme 2, the Swedish pulp and paper company Holmen has decided to build a wind farm in the municipality of Norrtälje in a jointly-owned company. The annual production is an estimated 165 GWh and the wind farm is planned to commence operation in autumn 2014.

    Eurofideme 2, a renewable energy infrastructure fund of Mirova, has acquired half the shares in the company that Holmen founded to run wind power production on its own land in the municipality of Norrtälje near Hallsta Paper Mill. The decision now marks the start of installation of 17 wind turbines with an installed power capacity of a total 51 MW and an expected annual production of 165 GWh. An environmental permit has already been obtained. According to the plan, the turbines will be taken into operation in autumn 2014.

    “This project will exploit Holmen’s excellent opportunities to produce wind power on its own land,” says Holmen’s President and CEO Magnus Hall. “It is also an important element in our focus on renewable energy, set to increase our self-sufficiency in electricity.”
    click here
  • 05.24.2013

    Paper and Electronic Communications – Two Sides of the Same Coin?

    There are two sides to every story. This is precisely the point the aptly named non-profit organization Two Sides set out to make when it challenged the Paperless2013 campaign. The initiative, supported by big names like Google and Fujitsu, encouraged consumers to make the switch from paper to electronic communication this year.

    In response, Two Sides published an open letter challenging Google Chairman Eric Schmidt to reexamine the one-sided view that using paper to conduct business was better for the environment. Unlike the veiled “better for the environment” claims made by Paperless2013, Two Sides provided the following, along with other, fact-based arguments in defense of paper.
    • Data centers used to power electronic communications can waste up to 90 percent of the electricity they consume and are regularly found in violation of clean air regulations; Google’s data centers consume nearly 300 million watts.
    • The volume of trees grown on United States forestland has increased 49 percent over the last 50 years.
    • When referenced more than once, documents printed on paper are less likely to impact the environment than repeatedly accessing them electronically.
    By mid-March, Paperless2103 had removed images of trees from its webpage and social media sites and changed its slogan from “Save money. Save time. Save trees” to “Take the paper out of paperwork.” This successful outcome is just one example of the particular effectiveness Two Sides has had, in their own words, “challenging and correcting misleading environmental claims related to print and paper.” The organization has identified 47 “leading” companies have encouraged customers to use electronic services through the use of unfounded environmental claims.
    click here
  • 05.24.2013

    Forget ‘Showrooming’: 77% of Mobile Retail Shoppers Buy In-Store

    Don’t look now, but the smartphone might end up being more friend than foe to the retail industry. According to a new study from xAd and Telmetrics, mobile now accounts for one third of all retail activity online with 98 million shoppers using a smartphone as their retail experience. And the vast majority of those mobile shoppers end up making purchases in-store – not on Amazon.

    The findings of the study, which was conducted by Nielsen, contradict the anecdotal “showrooming” trend (in which consumers research on a mobile device then buy online or in another store) that has led some retailers to match prices found online and others to cut access to wi-fi in the store. The study found that 77% of smartphone users who make a purchase after looking up retail-related information on their device buy in-store — compared to only 20% who do so online.

    “People are using the smartphone in the store as a compliment to what they’re doing,” says Bill Dinan, president of Telmetrics, the call tracking company that co-sponsored the survey. “When you start to view the smartphone as a complement to the purchase cycle, and as retailers understand that, that number will only increase.”
    click here
  • 05.24.2013

    USPS Offers Discount on Samples

    From Aug. 1 to Sept. 30, product marketers will receive 5% off delivery of trial-sized samples. Earlier this year, the U.S. Postal Service (USPS) introduced a program called Simple Samples that offered flat-rate pricing, volume discounts, and eliminated the need for outer packaging.  Now, convinced that CPG marketers are making a bad bet by scaling down sampling programs, the USPS's new products marketers are cutting rates in an attempt to get them back into the game.

    “We're trying to re-invigorate product sampling through the mail and we figure there's no better way to do it than to offer a promotion,” says Lisa Bobb-Semple, manager of lightweight parcels at USPS. “We're focused on trial-sized samples, because research shows they convert sales better and we want to encourage brand managers who aren't doing it to try it.”
    click here
  • 05.24.2013

    AAA Fuel Gauge & Exchange Rates

    AAA Fuel Gauge 5/24/13
    National Unleaded Regular:
    Current Average - $3.659/gallon
    Month Ago Average - $3.515/gallon
    Year Ago Average - $3.678/gallon
    Highest Recorded Average - $4.114/gallon on 7/17/08

    Diesel:
    Current Average - $3.889/gallon
    Month Ago Average - $3.908/gallon
    Year Ago Average - $3.981/gallon
    Highest Recorded Average - $4.845/gallon on 7/17/08


    Current Exchange Rates as of 5/24/13
    American Dollar to Canadian Dollar = 0.968022
    American Dollar to Chinese Yuan = 0.162989
    American Dollar to Euro = 1.291428
    American Dollar to Japanese Yen = 0.009775
    American Dollar to Mexican Peso = 0.080538

    click here
  • 05.24.2013

    WTI Heads for Biggest Weekly Decline in a Month on Supply

    West Texas Intermediate headed for its biggest weekly drop in more than a month amid signs of rising U.S. oil inventories and a global economic slowdown.

    Futures slid as much as 0.8 percent in New York. Prices may decline next week amid speculation that U.S. fuel supplies will be sufficient to meet summer demand after factory output in China shrank for the first time in seven months, according to a Bloomberg News survey. Goldman Sachs Group Inc. recommended selling WTI and buying Brent contracts for December 2014 as supplies accumulate on the U.S. Gulf Coast.

    “U.S. crude stocks are very well-filled, and there’s some disappointing economic data from China,” said Hannes Loacker, an analyst at Raiffeisen Bank International AG (RBI) in Vienna, who estimates WTI will average $92 this quarter. “It’s not the best cocktail for crude.”

    WTI for July delivery fell as much as 78 cents to $93.47 a barrel in electronic trading on the New York Mercantile Exchange and was at $93.55 as of 12:02 p.m. London time. The volume of all contracts traded was 0.5 percent below the 100-day average. Prices are 2.6 percent lower this week, the most since the seven days ended April 19.
    click here
  • 05.24.2013

    Thank You!

    On behalf of everyone at Midland Paper, we would like to thank all our men and women in uniform for their unwavering commitment to the protection of this great nation. We wrap up this week's edition of Midland Paper Clips with the History of Memorial Day and wish all of you a safe and happy holiday.

    The History of Memorial Day
    Memorial Day, an American holiday observed on the last Monday of May, honors men and women who died while serving in the U.S. military. Originally known as Decoration Day, it originated in the years following the Civil War and became an official federal holiday in 1971. Many Americans observe Memorial Day by visiting cemeteries or memorials, holding family gatherings and participating in parades. Unofficially, at least, it marks the beginning of summer. To find out more about the History of Memorial Day please click on the link below.


    click here
  • 05.23.2013

    HP Reports Second Quarter 2013 Results

    HP today announced financial results for its second fiscal quarter ended April 30, 2013. Second quarter GAAP diluted earnings per share (EPS) was $0.55, down from $0.80 in the prior-year period and above its previously provided outlook of $0.38 to $0.40 per share. Second quarter non-GAAP diluted EPS was $0.87, down from $0.98 in the prior-year period and above its previously provided outlook of $0.80 to $0.82 per share. Second quarter non-GAAP earnings information excludes after-tax costs of $621 million, or $0.32 per diluted share, related to restructuring charges, amortization of purchased intangible assets and acquisition-related charges.

    For the second quarter, net revenue of $27.6 billion was down 10% year over year and down 9% when adjusted for the effects of currency.

    Highlights
    • Second quarter non-GAAP diluted earnings per share of $0.87, down 11% from the prior year, above previously provided outlook of $0.80 to $0.82 per share
    • Second quarter GAAP diluted earnings per share of $0.55, down 31% from the prior year, above previously provided outlook of $0.38 to $0.40 per share
    • Second quarter net revenue of $27.6 billion, down 10% from the prior year and down 9% when adjusted for the effects of currency
    • Cash flow from operations of $3.6 billion, up 44% from the prior year
    • Returned $1.1 billion in cash to shareholders in the form of dividends and share repurchases
    • Improved operating company net debt position by $1.8 billion, the fifth consecutive quarterly reduction of over $1 billion
    • Declared a regular quarterly cash dividend of 14.52 cents per share on the company's common stock
    click here
  • 05.23.2013

    Limited Brands Reports First Quarter 2013 Earnings

    Limited Brands, Inc. today reported 2013 first quarter results.

    First Quarter Results
    Earnings per share for the first quarter ended May 4, 2013, increased 17% to $0.48 compared to $0.41 for the quarter ended April 28, 2012.  First quarter operating income was $311.2 million compared to $293.2 million last year, and net income was $142.5 million compared to $124.6 million last year. 

    The company reported net sales of $2.268 billion for the 13 weeks ended May 4, 2013, an increase of 5 percent compared to sales of $2.154 billion for the 13 weeks ended April 28, 2012.  The company reported a comparable store sales increase of 3 percent for the 13 weeks ended May 4, 2013, compared to the 13 weeks ended May 5, 2012. 
    click here
  • 05.23.2013

    Lowe’s Reports First Quarter Sales and Earnings Results

    Lowe’s Companies, Inc., the world’s second largest home improvement retailer, today reported net earnings of $540 million for the quarter ended May 3, 2013, a 2.5 percent increase over the same period a year ago. Diluted earnings per share increased 14.0 percent to $0.49 from $0.43 in the first quarter of 2012.

    Sales for the quarter decreased 0.5 percent to $13.1 billion from $13.2 billion in the first quarter of 2012, while comparable sales for the quarter decreased 0.7 percent.

    “Results for indoor categories were solid for the quarter, a testament to the team’s continued focus on improving our core business through cross-functional collaboration and consistent execution in stores and across other selling channels,” commented Robert A. Niblock, Lowe’s chairman, president and CEO.

    “Cooler than normal temperatures and greater precipitation resulted in a delayed spring selling season which impacted our results in exterior categories,” Niblock added. “While overall performance in the month of March was particularly soft, April improved significantly and we have maintained that positive momentum through the first few weeks of May.”

    Delivering on the commitment to return excess cash to shareholders, the company repurchased $1.0 billion of stock and paid $178 million in dividends in the first quarter of 2013.
    click here
  • 05.23.2013

    SeaWorld Entertainment, Inc. Reports First Quarter 2013 Results

    SeaWorld Entertainment, Inc., a leading theme park and entertainment company, today reported financial results for the quarter ending March 31, 2013.

    Highlights                                                                          
    • First quarter total revenue growth of 12%  versus the first quarter 2012
    • Total revenue per capita growth of 10% versus the first quarter 2012
    • Adjusted EBITDA[1] growth of $17.3 million versus the first quarter 2012
    • Net loss  improvement of $4.8 million versus the first quarter 2012
    • Free Cash Flow[1] improvement of $57.0 million versus the first quarter 2012
    • Successful Initial Public Offering on April 19th
    First Quarter 2013
    During the first quarter, the Company generated total revenue of $238.6 million, an increase of $26.2 million, or 12%, over the same period in 2012.  Adjusted EBITDA, a non-GAAP financial measure defined below, was $11.1 million compared to an Adjusted EBITDA loss of $6.2 million in the same quarter in 2012.  The Company reported a net loss for the first quarter of 2013 of $40.4 million, or $0.49 per share, compared to a net loss of $45.1 million, or $0.55 per share, over the same period in 2012.

    click here
  • 05.23.2013

    Staples, Inc. Announces First Quarter 2013 Performance

    Staples, Inc. announced today the results for its first quarter ended May 4, 2013. Total company sales for the first quarter of 2013 were $5.8 billion, a decrease of three percent compared to the first quarter of 2012. First quarter 2013 total company sales growth was negatively impacted by approximately one percent due to 97 store closures in North America and Europe during the 12 months preceding the first quarter of 2013. The foreign exchange impact from the stronger U.S. dollar negatively impacted total company sales growth by approximately 50 basis points during the first quarter of 2013.

    First quarter 2013 operating income rate declined 52 basis points versus the first quarter of 2012 to 4.90 percent. This decrease primarily reflects investments to accelerate growth and deleverage of fixed expenses, partially offset by a favorable comparison to the first quarter of 2012, which included significant expenses related to headcount reductions and the settlement of a contractual dispute. The company reported first quarter 2013 income from continuing operations of $170 million, or $0.26 per diluted share, compared to income of $193 million, or $0.28 per diluted share, during the first quarter of 2012.

    During the first quarter of 2013, the company generated operating cash flow of $348 million and invested $41 million in capital expenditures, resulting in free cash flow of $306 million. The company utilized free cash flow to repurchase 4.9 million shares for $65 million, and ended the quarter with $2.5 billion in liquidity, including $1.4 billion in cash and cash equivalents.
    click here
  • 05.23.2013

    Brown Printing Company and Clear Lake Press Announce Strategic Alliance

    A strategic alliance between two well-known Waseca, MN printing companies was announced today. Brown Printing Company, the third largest magazine and catalog printer in the nation, and Clear Lake Press, a supplier of magazine, catalog and direct mail components for twenty five years, have agreed to commence a strategic alliance, pooling their respective strengths and resources in order to better serve their customers and prospects with a more comprehensive suite of printing solutions.

    Dan Nitz, President of Clear Lake Press, stated, “This alliance is important for both companies. Brown and Clear Lake Press will become stronger in their respective niches by working together and will be able to serve existing and prospective customers more efficiently.”

    Mike Amundson, CEO of Brown Printing added, “The ability for Brown Printing to continually improve and expand its array of print and marketing solutions is critical to our continued success in the very competitive markets we serve. Entering into an alliance with Clear Lake Press will allow us to better serve our customers and make it easier and more cost efficient for them to do business with us.”
    click here
  • 05.23.2013

    Hess Print Solutions Announces Plan for Sale to Bang Printing

    Hess Print Solutions and its subsidiaries (HPS), a provider of accountable print performance solutions and other value-added services for catalogs, books, publications and educational printed products, announced today that HPS has entered into an agreement to sell substantially all of its assets to an affiliate of Bang Printing.

    The decision to sell to Bang Printing followed an extensive process of reviewing various strategic opportunities for HPS that was aimed at ensuring that it will remain a viable long-term business partner for customers, vendors and employees. This sale will allow HPS and Bang Printing to combine their existing capabilities and provide customers with a more diversified suite of products and services.

    "The strategic decision to pursue a financial restructuring through a sale will allow us to proactively and quickly improve our financial position and ensure we have the resources to meet the needs of our clients, suppliers, employees and other business partners going forward" said Jerry Haywood, interim CEO of HPS.

    Bang Printing has over 100 years of experience in the book and commercial printing industry, with its corporate offices in Brainerd, MN. Bang offers complete printing, binding and fulfillment services at a competitive price, with facilities in both Minnesota and California.
    click here
  • 05.23.2013

    FutureMark Paper Group Celebrates Anniversary of Manistique Paper Acquisition

    FutureMark Paper Group, North America's leading provider of responsibly made recycled paper, celebrated the one year anniversary of the acquisition of Manistique Papers. FutureMark's Manistique facility is a 72-acre manufacturing site that can produce up to 500 tons of recycled pulp per day and approximately 130,000 tons per year of uncoated, 100-percent recycled paper. FutureMark Manistique is the sole North American producer of exclusively 100% recycled uncoated printing and packaging papers.  
     
    Since the completion of the sale in May 2012, the FutureMark Manistique facility has completed 24 new hires, representing a 20 percent increase in its staff. In addition, the facility's management has implemented new maintenance programs and purchased new production equipment, with plans for additional capital investment to further improve product quality and production efficiency. As a result of these improvements, the FutureMark Manistique facility has added 60 new customers over the course of the year, and reached a 5 year high in total tonnage of recycled paper manufactured per day.
     
    "It has been a rewarding experience to join the FutureMark Paper Group team," stated Jon Johnson, Executive VP & General Manager, FutureMark Manistique. "Our facility has made significant strides in the first year to increase production, improve quality and expand the workforce with individuals who take pride in being part of an environmentally-focused company. We have many projects on the horizon to further enhance the unique position the Manistique mill has as a 100% recycled specialty paper producer."

    click here
  • 05.23.2013

    Georgia-Pacific and Koch Industries Help Tornado Relief in Oklahoma

    Undoubtedly, this has been a tragic time for Oklahomans after tornados ripped a destructive path through the cities of Moore and Shawnee. Our deepest and most sincere thoughts are with the many affected families who are mourning losses and faced with rebuilding their lives.

    We are thankful that nearly 1,000 Georgia-Pacific employees working nearby in our Muskogee, Okla. facility are safe and were not hit by the storms.

    Unfortunately from past experience, we know that in the aftermath of a disaster the most basic, everyday items are often needed right away. For the affected families in the state, Georgia-Pacific has donated six truckloads of products from our Muskogee, Okla., Fort Smith, Ark. and Naheola, Ala. facilities including Angel Soft® and Quilted Northern® bath tissue, Sparkle® paper towels, Dixie® cups and plates, and Mardi Gras® napkins.

    We also routinely work through aid organizations such as Convoy of Hope and Feed the Children who will be distributing these products to people who need them most.
    click here
  • 05.23.2013

    Ilim Group's First Quarter 2013 Production of Pulp and Paper Flat, But Containerboard Up

    Russian pulp and paper producer Ilim Group said that from January to March 2013, its Koryazhma Mill (Arkhangelsk Oblast) manufactured 276,000 tons of pulp and paper products — a 1% increase compared to the same period of 2012. This includes 93,000 tons of market pulp — a 2% increase against the first three months of 2012.
    • Market containerboard production gained 1%, reaching 126,000 tons.
    • Paper production lost 2% and amounted to 58,000 tons. The mill produced 20,000 tons of sack paper, 32,000 tons of offset paper, and 5,000 tons of wallpaper.
    • Pulp cooking increased by 1%, totaling 289,000 tons in the first quarter of 2013.
    • OAO Ilim Gofra, corrugated box business of Ilim Group in the Leningrad Oblast, produced 32 million sq. meters of corrugated products — a 9% increase against the similar period of the last year.
    click here
  • 05.23.2013

    Toasting 110 Years Of Freedom And Livin' The High Life®

    Born across the street from each other in Milwaukee, Miller High Life and Harley-Davidson have been making timeless American products for 110 years. Now they're making something together. Today, Bill Davidson , vice-president of the Harley-Davidson Museum and great-grandson of Harley-Davidson co-founder William A. Davidson officially kicked-off a multi-year partnership with Miller High Life by helping brewmasters make a batch of the Champagne of Beers.

    The beer brewed with Davidson will not be specially marked and will instead be distributed like any other batch of High Life brewed in the Miller Brewery. So this summer whenever someone celebrates after a great ride by enjoying the Champagne of Beers, they might be sipping this special batch. Harley-Davidson and Miller High Life will also keep some of this batch aside to celebrate special occasions with consumers throughout the summer.


    Beyond the unique batch of brew, commemorative Harley-Davidson designs will be featured on Miller High Life cans and packaging. The partnership will bring customized Harley-Davidson motorcycles with Miller High Life graphics to participating retail stores. The brands will also rev up excitement by offering fans the chance to win exclusive prizes throughout the summer – including Harley-Davidson commemorative apparel and a Harley-Davidson motorcycle. Fans can follow Miller High Life 's Facebook page to get information on promotions and events in their area.

    click here
  • 05.23.2013

    PEFC UK Publishes Annual Report 2013

    The latest annual report by our UK-based national member contains reviews of its national marketing, communications and public affairs activities over the past year as well as Hugh Miller's first report as Chairman of PEFC UK. The report also contains news from PEFC International and an update on how companies with PEFC Chain of Custody certification will also be able to meet the EU Timber Regulation's due diligence requirements.
    click here
  • 05.23.2013

    WTI Oil Extends Losses as Stockpiles Rise, China Factories Slow

    West Texas Intermediate oil fell for a third day, extending the biggest decline in three weeks as U.S. gasoline stockpiles unexpectedly gained and manufacturing in China shrank for the first time in seven months.

    Futures slid as much as 0.8 percent in New York after losing 2 percent yesterday, the most since May 1. Gasoline inventories rose 3 million barrels last week, the Energy Information Administration reported yesterday. Supplies were forecast to decrease 300,000 barrels, according to a Bloomberg News survey. A reading of China’s Purchasing Managers Index dropped to a preliminary 49.6 for May, the lowest since October and missing the median estimate of 50.4.

    “Stockpiles are very high and have been that way for a very long time,” said David Lennox, an analyst at Fat Prophets in Sydney. “We’re coming up to the driving season and one would expect to see significant drawdowns going forward,” he said of the Memorial Day holiday on May 27 that marks the start of the peak U.S. gasoline demand period.

    WTI for July delivery fell as much as 76 cents to $93.52 a barrel in electronic trading on the New York Mercantile Exchange and was at $93.63 at 11 a.m. Singapore time. The volume of all contracts traded was 10 percent below the 100-day average. Prices declined $1.90 to $94.28 yesterday, the lowest close since May 14.
    click here
  • 05.23.2013

    Magazines are More Popular than Ever Among College Students, Says Shweiki Media

    In a seemingly tech-oriented world, there's been constant speculation over the last few years that print is a dying medium—especially among the younger set, who had smartphones thrust into their hands years ago and haven't looked back since. Shweiki, in conjunction with Study Breaks College Media, wanted to test these suspicions, however, and see just how accurate the "print is dead" theory actually is. After surveying 387 college students, the answer is, it turns out, that it couldn't be further from the truth. Take a look at the results below, and you'll see that not only are students reading magazines, getting fashion ideas from magazines, visiting Websites they've discovered through magazines and buying things they've seen in magazines; they're also sharing publications among their friends. Check out the awesome results.

    Of 387 Students Surveyed:
    • 97 percent have read a free magazine
    • 90 percent have read a magazine in the last month
    • 84 percent keep magazines for at least a month
    • 70 percent share magazines with friends and/or borrow them from friends
    • 85 percent get fashion ideas from magazines
    • 89 percent visit Websites they see in magazines
    • 84 percent purchase an item after seeing it in a magazine
    • 63 percent use coupons from magazines to make purchases
    • 84 percent redeem specials and promotions they see in magazines
    These results prove that not only is print not dying; it's flourishing. And with new innovations like augmented reality integrating technology into print and literally bringing it to life, the age-old medium shows no signs of slowing down.

    click here
  • 05.22.2013

    Best Buy Reports Better-than-Expected First Quarter Results

    Best Buy Co., Inc. today announced results for the 13-week first quarter (“Q1 FY14”) ended May 4, 2013, as compared to the 14-week first quarter (“Q1 FY13”) ended May 5, 2012.

    Revenue
    Domestic revenue of $7.98 billion declined 9.6% versus last year. Excluding the additional week last year (which contributed approximately $660 million in revenue to Q1 FY13), revenue declined 2.2%. This 2.2% decline was driven by (1) the loss of revenue from 49 large format stores that were closed last year; and (2) a comparable store sales decline of 1.1%. Comparable store sales were negatively impacted by (1) an estimated 80 basis points impact from the shift of the Super Bowl into last year’s fourth quarter; and (2) an estimated 30 basis point impact from our decision to reduce sales in certain non-core businesses.

    Domestic online revenue of $498 million increased 7.1% versus last year. Excluding the additional week last year, comparable online sales increased 16.3% due to increased traffic and higher conversion across our multiple online platforms. From a merchandising perspective, strong growth in mobile phone and appliances was more than offset by declines in home theater and gaming.

    Gross Profit Rate
    Domestic gross profit rate was 23.4% versus 25.3% last year. This 190 basis point decline was primarily driven by (1) a greater investment in price competitiveness, including higher promotional activity in mobile and computing; (2) higher inventory shrinkage; and (3) increased product warranty-related costs. These impacts were partially offset by proceeds from legal settlements.

    click here
  • 05.22.2013

    DICK'S Sporting Goods Reports First Quarter Results

    DICK'S Sporting Goods, Inc., the largest U.S.-based full-line sporting goods retailer, today reported sales and earnings results for the first quarter ended May 4, 2013.

    First Quarter Results
    The Company reported consolidated non-GAAP net income for the first quarter ended May 4, 2013 of $60.5 million, or $0.48 per diluted share, compared to the Company's expectations provided on March 11, 2013 of $0.47 to 0.49 per diluted share. For the first quarter ended April 28, 2012, the Company reported consolidated net income of $57.2 million, or $0.45 per diluted share.

    On a GAAP basis, the Company reported consolidated net income for the first quarter ended May 4, 2013 of $64.8 million, or $0.52 per diluted share. GAAP results include an after-tax increase to net income of $4.3 million, or $0.04 per diluted share, resulting from an estimated partial recovery of its previously impaired JJB investment. The GAAP to non-GAAP reconciliation is included in a table later in the release under the heading "Non-GAAP Net Income and Earnings Per Share Reconciliation."

    Net sales for the first quarter of 2013 increased 4.1% to $1.3 billion. Adjusted for the shifted calendar due to the 53rd week in 2012, consolidated same store sales decreased 3.8%, compared to our guidance of an approximate 1 to 2% decrease. First quarter 2012 consolidated same store sales increased 8.4%. Shifted same store sales in the first quarter of 2013 for DICK'S Sporting Goods decreased 3.2% and Golf Galaxy sales decreased 11.8%. 

    Unshifted consolidated same store sales decreased 1.7%, compared to our guidance of approximately flat to a 1% increase, consisting of a 1.3% decrease at DICK'S Sporting Goods and a 7.4% decrease at Golf Galaxy. eCommerce penetration was 5.8% of total sales.

    click here
  • 05.22.2013

    The Home Depot Announces First Quarter Results; Raises Fiscal Year 2013 Guidance

    The Home Depot®, the world's largest home improvement retailer, today reported sales of $19.1 billion for the first quarter of fiscal 2013, a 7.4 percent increase from the first quarter of fiscal 2012. Due to the 14th week in the fourth quarter of fiscal 2012, first quarter sales benefited from a seasonal timing change that added approximately $574 million to sales. On a like for like basis, comparable store sales for the first quarter of fiscal 2013 were positive 4.3 percent, and comp sales for U.S. stores were positive 4.8 percent.

    Net earnings for the first quarter were $1.2 billion, or $0.83 per diluted share, compared with net earnings of $1.0 billion, or $0.68 per diluted share, in the same period of fiscal 2012. For the first quarter of fiscal 2013, diluted earnings per share increased 22.1 percent from the same period in the prior year.

    "In the first quarter, we saw less favorable weather compared to last year, but we continue to see benefit from a recovering housing market that drove a stronger-than-expected start to the year for our business," said Frank Blake, chairman & CEO. 
    click here
  • 05.22.2013

    Bonnier Corp. Builds on Dominance in Men’s Market — Acquires Multiple Motorcycle Brands

    Bonnier Corp. has expanded its presence as the pre-eminent publisher in the men's market, acquiring nine motorcycle brands from Source Interlink Media. The purchase builds on Bonnier's leadership in the men's market, joining flagship brands Popular Science and Field & Stream.

    Under the deal, Bonnier acquires Motorcyclist, Sport Rider, Dirt Rider, Motorcycle Cruiser, Hot Bike, Baggers, Super Streetbike, Street Chopper and ATV Rider.

    "The acquisition supports Bonnier's strategy to be focused in vertical enthusiast interest media," said CEO Dave Freygang. "We believe in going deep into selected verticals, and it's essential that our brands be in a leadership position within those verticals. Since the acquisition of Cycle World in 2011, we've realized that the opportunities within the motorcycle market are significant."
    click here
  • 05.22.2013

    Walmart Responds to Oklahoma Tornado Tragedy

    Our hearts go out to all those impacted by the recent tornadoes in Oklahoma. We send our deepest condolences to those who lost loved ones, and we are working on several ways to support the community.

    In the aftermath of any disaster, we understand that helping people and communities meet their basic needs is the first step toward restoring normalcy. With several residents and businesses affected by these devastating storms, we want to ensure our community has access to the things they need to recover.

    What we're doing to help
    Walmart is committed to being a community partner in recovery efforts. We are pledging $1 million in cash and in-kind donations to help with relief efforts in Oklahoma to ensure the essential needs of residents are being met. We’re working to direct truckloads of water, food and other basic items to the area to help the community during this difficult time.

    We will continue to work closely with the Salvation Army, Red Cross and other agencies to monitor further ways to help. For those interested in making donations, please connect with those agencies.
    click here
  • 05.22.2013

    Allied Printing Services: Success Is Always in Style

    Like wood grain paneling, leg warmers and pagers, the family-owned commercial printing business appears to be a treasured trend from another generation. Or, perhaps that is just the perception. Another popular belief among industry followers is that printers aren't investing in new technology.

    For your consideration, we offer Allied Printing Services of Manchester, CT, a thriving, family-owned establishment that has experienced sufficient growth to sustain a remarkable capital expenditure initiative during the past few years. With more than 60 years under its belt, the firm appears poised to tackle the next 60 head on, according to John Sommers, company CEO. "I feel fortunate that I can pass my business on to my son, as my father did with my brother, sister and I," he says. "It's highly rewarding."

    This second- and third-generation commercial and financial printing specialist has a different approach to the modern printing business "wait and see" capital equipment investment strategy, because it has embarked on a rather impressive campaign to bolster its printing and finishing divisions. Suffice to say, growth will never go out of style.

    The additions are staggering, led by an eight-color, 41" KBA Rapida 106 sheetfed offset press equipped with a revolver coater and SIS (no side guide). A five-color HP Indigo 5600 with white ink kit joined the fold this past January. Four new Canon ImagePRESS C7010VP color digital presses grace an overhauled digital division, along with an HP Scitex grand-format inkjet printer and an HP latex wide-format machine.
    click here
  • 05.22.2013

    Sappi Announces 2013 Printer of the Year Winners

    This year, Sappi received close to 1,800 entries in North America. Our team of four judges selected 54 Silver Award winners, two Judges Award winners, and 49 Bronze Award winners from ten categories.

    The Silver Award winners in each category are now in the running to win the Gold award which offers up to $20,000 and 5,000 lbs. of paper to support the winner’s marketing and brand initiatives. Gold Award winners are eligible for a Sappi International Printers of the Year Award in 2014. 

    Gold, Silver and Judges Award winners receive their own web page on Sappi’s Printers of the Year Online Resource. Gold winners will be mentioned in formal press releases to the media. All winners will receive a framed award personalized with their company name and entry title, and have use of the official Printers of the Year logo in any communication materials they produce.

    The Sappi Printers of the Year competition continues to be highly regarded by the industry and is the only global contest of its type celebrating print excellence.
    click here
  • 05.22.2013

    Atlas Holdings and Blue Wolf Capital to Acquire Twin Rivers Paper

    Blue Wolf Capital Partners and Atlas Holdings today announced that they have reached an agreement to acquire a controlling interest in Twin Rivers Paper from Brookfield Asset Management. Terms of the agreement were not disclosed.

    The transaction is expected to close in approximately three weeks, allowing time for certain procedural requirements. Blue Wolf and Atlas, both NY-based private investment firms, have long track records of building forest products companies in North America.

    Twin Rivers, with facilities in Edmundston and Plaster Rock, New Brunswick, and Madawaska, ME, has been a vital economic engine for the region for over 80 years, producing specialty papers and lumber for a variety of markets. Through the acquisition of a controlling stake in Twin Rivers, Atlas and Blue Wolf are showing their commitment to the future of the business, and will work with the company in the development of its long-term capital and growth plans.
    click here
  • 05.22.2013

    Ahlstrom Announces Price Increases for Beverage Materials

    Ahlstrom, a global high performance fiber-based materials company, announces price increases on its beverage materials produced by the Food and Medical business area. The price increases will be made to compensate for the continued high level of raw materials as well as utilities-related inflation.

    The price increases will affect all beverage related products worldwide and will be effective for all orders placed as of July 1, 2013. The increase will be up to 5% depending on markets as well as the product and the agreements in place.

    Beverage products, manufactured by Food and Medical business area, include materials for teabags and coffee pods. Food and Medical business area's main end-use applications are teabags, coffee filters, food packaging, baking papers, masking tape and surgical gowns and drapes.

    click here
  • 05.22.2013

    Holmen to Further Reduce Its Papermaking Capacity by 10 Percent

    Holmen Paper said that it will further permanently reduce its annual paper production capacity in Sweden by 10 percent or about 115,000 tonnes in the third quarter of this year. The company did not disclose specific details of the additional capacity cuts.

    Today's announcement follows Holmen's two previously announced paper machine closures.

    In October of 2012, Holmen said it would shut down PM 3 at Hallsta Paper Mill. PM 3 manufactures 140,000 tpy of SC (Super Calendered) paper. Then, in March of this year, the company announced that it would cease production on PM 51 at its Braviken Paper Mill. PM 51 produces 200,000 tpy of newsprint.

    Holmen said in a statement that the ongoing restructuring program is taking place against the backdrop of considerable losses in the business. “The extensive capacity cuts announced will gradually lead to a better market balance in 2013,” said Henrik Sjölund, head of Holmen Paper.
    click here
  • 05.22.2013

    Amcor Wins Three DuPont Packaging Innovation Awards

    Amcor was honored with an overall DuPont “Continuing Innovation” Award, recognizing its continued, company-wide, innovation. Amcor has won 11 DuPont Innovation Awards over the past 25 years, covering a range of innovations that help its customers deliver products to consumers safely and sustainably.

    Amcor’s Managing Director and CEO, Mr Ken MacKenzie, said: “We are delighted to be recognized by DuPont for our long-standing commitment to innovation. We continue to work closely with customers and suppliers to deliver innovative and responsible packaging that provides real benefit to end-consumers and the broader community. This award is great recognition of Amcor’s talented co-workers who passionately and relentlessly apply art and science to develop innovative packaging solutions and bring them to commercial reality.”

    Shanna Moore, Program Leader, DuPont Awards for Packaging Innovation, DuPont Packaging & Industrial Polymers said: "DuPont Continuing Innovation Award winners have shaped our industry in many ways by challenging traditions and responding quickly to consumer needs. Amcor embodies the spirit of continuing innovation having won 11 DuPont Packaging Awards.”
    click here
  • 05.22.2013

    Smurfit Kappa Sets Out Vision on Sustainability

    Smurfit Kappa Group plc (‘SKG’ or the ‘Group’), one of the world’s largest integrated manufacturers of paper-based packaging products with operations in Europe and the Americas, announces the publication of its vision on sustainability which establishes additional objectives for the business up to 2020 and which extends and builds on the range of sustainability initiatives which the Group already has in place.

    The statement details the Group’s commitment to sustainable business practices and belief that profitable growth can be achieved by providing its customers with innovative packaging solutions while continuing to minimize product waste; optimizing resource use and re-use through recycling; and, stimulating afforestation through sustainable forestry practices.

    SKG has set out targets to strengthen its sustainable business practices under seven key building blocks including: Chain of Custody, CO2emissions, Waste, Water, Health & Safety, Sustainable Sourcing, and Community Involvement. Detailed objectives have been set for each focus area to be delivered between 2013 and 2020.
    click here
  • 05.22.2013

    Paper Recycling: A Great American Success Story!

    When it comes to the environment, one great American success story that’s often overlooked is the dramatic increase in paper recycling over the last two decades. As awareness of paper recycling has grown and a sound, market-driven recovery and recycling infrastructure has evolved, the amount of paper recovered annually for recycling has increased 75% since 1990!   There’s no better example of how consumer education and public-private collaboration can lead to true environmental improvement.  Not only are we continuing to extend the use of a valuable natural resource – wood fiber from sustainably managed forests – but we’re also sending 50% less paper to landfills.

    Think about this: In 2012, more than 51 million tons of paper products were voluntarily recovered for recycling in the U.S. – that’s 65.1% of all paper produced.  Break that down into a number we can relate to individually and you get roughly 323 pounds recycled for every man, woman and child in the country.   When you consider that one ream of 8.5” x 11” office paper weighs about 5 pounds … well, you get the picture.

    In fact, paper is leading the way when it comes to recycling.  According to the latest statistics from the U.S. Environmental Protection Agency, paper-based products are recycled more than any other commodity in the United States, including steel at 33.8%, glass at 27.1%, aluminum at 19.9% and plastics at 8.2%.

    But that doesn’t mean we can’t do better.  The paper industry has set a new goal to recover more than 70% of all U.S. paper produced by 2020. 
    click here
  • 05.22.2013

    Plant a Tree Today—We Do That 50 Million Times a Year

    May 22 is the United Nations International Day for Biological Diversity. The day has traditionally been UPM’s Plant-a-Tree Day when tree planting events with different stakeholders have been organized. This year in Finland in four locations different groups have the opportunity to get acquainted with the forest and the importance of trees:
    • In Laukaa UPM Silvesta, UPM’s subsidiary specialising in forestry work, together with city of Jyväskylä and several other local partners are organising an event for newcomers to the country
    • In Pieksamäki in an open event UPM Silvesta’s new local franchising partner will give the audience advice on tree planting and forestry in general. Naturally all participants also have the opportunity to test tree planting in practice.
    • In Eurajoki schoolchildren will plant trees together with UPM experts.
    • UPM head office personnel have the opportunity to make a forest visit and plant trees in Loppi.
    The International Day for Biological Diversity is also visible in Helsinki in the Esplanadi park: in the morning at 7:30 – 10:00 and in the afternoon from 15:00 onwards forestry students will distribute spruce seedlings grown in UPM’s Joroinen nursery to passers-by.

    “The tree seedlings remind people of the International Day of Biological Diversity as well as of the long time span of sustainable forestry and the importance of forest regeneration as a central part of responsible forest management,” says Timo Lehesvirta, Director, UPM Environment.

    click here
  • 05.22.2013

    Resolute Remains Committed to Sustainable Forestry Despite Breakdown of Discussions Under Canadian Boreal Forest Agreement

    Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today expressed the Company's disappointment that negotiations under the auspices of the Canadian Boreal Forest Agreement (CBFA) have broken down after three years of collaborative efforts. Parties were unable to reach mutual agreement on a workable plan to jointly further conservation efforts while balancing environmental, social and economic considerations in the Canadian boreal forest.

    The CBFA was signed by members of the Forest Products Association of Canada (FPAC), including Resolute, and a group of environmental organizations to establish a common framework to further support boreal conservation efforts while safeguarding the livelihood of thousands of citizens in communities that depend on healthy working forests.

    Over the past several weeks, intense negotiations took place leading up to the third anniversary of the CBFA. Resolute put forward proposals for Northwestern Ontario that endorsed the setting aside of an additional 504,000 acres (204,000 hectares) of forest for conservation, providing additional protection of caribou and other species. This commitment is on top of the approximately 4,942,000 acres (2,000,000 hectares) of Ontario forests that have already been established as protected spaces, parks and other initiatives over the past 15 years.
    click here
  • 05.22.2013

    WTI Crude Drops a Second Day as U.S. Supplies Gain a Fourth Week

    West Texas Intermediate crude fell for a second day after industry data showed U.S. inventories rose for a fourth week, the longest run of gains since February. China’s oil stockpiles climbed for a second month.

    Futures slid as much as 0.7 percent in New York after a report from the American Petroleum Institute showed crude stockpiles increased 532,000 barrels last week. Government figures today are projected to show a 1 million-barrel decline, according to a Bloomberg News survey of analysts. The API also indicated gains in gasoline and distillate-fuel supplies, including heating oil and diesel.

    “The market wants to see inventory draws and the evidence that oil is being consumed,” said Jonathan Barratt, the chief executive officer of Barratt’s Bulletin, a commodity newsletter in Sydney. “If we do see a stockpile build tonight, I think we’ll see prices head to the downside,” he said, predicting that investors may buy contracts at about $92.50 a barrel.

    WTI for July delivery fell as much as 67 cents to $95.51 a barrel in electronic trading on the New York Mercantile Exchange and was at $95.70 at 12:59 p.m. Singapore time. The volume of all contracts traded was 50 percent below the 100-day average. June futures expired yesterday after declining 55 cents, or 0.6 percent, to $96.16, the first drop in five days.
    click here
  • 05.22.2013

    Data-Driven Marketing Is Ready to Rev Into High Gear

    Is data-driven marketing about to add a Hemi engine and a supercharger? It appears that way, as companies that avoided driving off the fiscal cliff in 2012 begin to fuel data-charged efforts in accelerated fashion in 2013. Nearly two-fifths (38.7%) of marketers and suppliers responding to the Direct Marketing Association's (DMA) Quarterly Business Review survey say they spent more on data-driven marketing (DDM) in Q1 2013 than they did in Q4 2012, while 42% held spending at the same level. More than 70% agreed that data-driven marketing is poised for growth.

    “When you compare the sentiments of this group coming out of the back half of 2012--facing the fiscal cliff and sequestration-- with their optimism for 2013, people are absolutely bullish about the opportunities,” says Jonathon Margulies, managing director of Winterberry Group, which conducts the quarter reviews for the DMA.

    Especially surprising was a jump in the DDM Index from 3.1 at the end of 2012 to 3.31 during this year's first quarter. The index is derived by asking respondents to rate their interest in pursuing technology solutions on a scale of 1 to 5.
    click here
© 2010 Midland Paper, Packaging & Supplies. Content Credits