Blog Keyword - Midland PaperClips - fine paper, packaging and supply systems distributor

10.05.2011

UPS Announces Global Forestry Initiative

The UPS Foundation today announced a new environmental initiative with funding to help plant, protect and preserve trees in urban and rural areas in the United States and around the world.

Nearly $2 million in new environmental grants will be distributed by the Foundation. UPS is collaborating with some of the world's leading environmental organizations to manage and preserve forests in the U.S., Belgium, Canada, Brazil and China. The company will provide both financial and employee volunteer support.

"Preserving the world's forests is critical to reducing carbon, combating climate change and protecting the planet's atmosphere," said Ken Sternad, president of The UPS Foundation. "UPS long has sought to be part of the solution when it comes to the environment, and this combination of financial support and local UPS volunteers continues that commitment."

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10.05.2011

Discover U.S. Spending MonitorSM Consumer Confidence Falls to Near-Record Low as Spending Intentions Drop

Lack of consumer confidence was prevalent in September as the Discover U.S. Spending MonitorSM dropped to its lowest level since February 2009.

The Monitor, a 4-year-old daily poll tracking economic confidence and spending intentions of nearly 8,200 consumers throughout the month, recorded a 3.5 point drop to 77.0 percent. This is only 1.3 points higher than the record low reported in February 2009. The same report also found that 66 percent of consumers rated the economy as poor, up 2 points from last month, and just 1-point lower than the record-high of 67 percent in February 2009, amid the height of the recession.

These September findings are a strong indicator that consumers across the board continue to have a deteriorating view on the economy, with 63 percent of Americans believing that economic conditions are worsening, a viewpoint relatively unchanged from last month when 64 percent said the same.

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10.05.2011

AbitibiBowater Announces Further Debt Reduction

AbitibiBowater Inc. announced today that the Company would take advantage of its strong liquidity position to redeem an additional $85 million of its debt. The redemption will reduce AbitibiBowater's total debt to a face amount of approximately $586 million. This step is in addition to the approximately $270 million of debt the Company redeemed in June 2011.

"Today's announcement underscores our commitment to reduce debt and the associated interest burden at every opportunity," stated Richard Garneau, President and Chief Executive Officer. "Debt reduction remains a key part of our strategy to decrease fixed costs and improve the Company's financial position and competitiveness."

The Company will use available cash to carry out the redemption of $85 million in principal amount of its 10.25% senior secured notes due 2018, plus accrued and unpaid interest. The redemption is scheduled to occur on November 4, 2011, at a redemption price of 103%.

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10.04.2011

Kohl's Department Stores Anticipates Hiring More than 40,000 Associates for Holiday Season

Kohl's Department Stores today announced it anticipates hiring more than 40,000 associates nationwide this holiday season, up approximately five percent from last year due to store growth in 2011. Kohl's is bringing on additional associates to provide shoppers with excellent customer service throughout the holiday season. Consistent with 2010 hiring levels, Kohl's anticipates hiring an average of 35 associates per store at its 1,127 stores in 49 states. In addition, the company anticipates hiring approximately 2,500 seasonal positions at distribution centers and more than 500 seasonal and full time credit operations positions.

"Year-round, Kohl's provides a convenient shopping experience through our quality brands, great values and excellent customer service delivered by our associates," said John Worthington, Kohl's chief administrative officer. "To continue to deliver on our customer promise to expect great things, we're pleased to bring on more than 40,000 associates across the country this holiday season, following the thousands of jobs that were created this fall when we opened 30 new stores."

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10.04.2011

Magazines to Marketers: We'll Prove How Much We Lift Sales

Can magazines prove that their ads make cash registers ring? In its latest attempt to prove its worth to marketers, Time Inc. will regularly gauge the retail sales results from advertising in its titles and on its websites.

"There was a call for getting more solutions to advertisers so they could see their return on investment," said Stephanie George, exec VP and CMO at Time Inc., "so we're increasing our footprint in the research area."

The program closely follows a move by rival Meredith Corp. to guarantee certain advertisers that major campaigns in its pages will actually increase sales by certain amounts. And Meredith's effort came soon after Time Inc. started guaranteeing some advertisers that their print campaigns will deliver results like ad recall among a certain number of readers. Some independent magazines have been making similar assurances since last year.

Advertising in magazines still revolves around paid circulation, publishing's traditional, very rough proxy for ad effectiveness. But marketers' growing need to justify their spending, competition from digital media and the difficult economy are fueling increasing efforts to do better.

That doesn't mean the new measures are perfect. They don't try to compare results, for example, across competing magazine publishers.

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10.04.2011

Suzano plans $536m biomass production plants in Brazil

Suzano Energia Renovável has unveiled plans to spend about R$1bn ($536m) building biomass production plants in the Brazilian state of Maranhão.

The company, a subsidiary of Brazilian pulp and paper group Suzano, has signed a letter of intent to construct the plants, which will produce wood pellets from eucalyptus.

Suzano Energia Renovável says it is eyeing export markets for the biomass fuel, prompted by Europe’s aggressive targets and incentives to substitute fossil fuels with renewables.

The first investment phase includes three pellet-production units, each with a capacity of one million tonnes, to be operational by 2014.

The company plans to use eucalyptus with a higher concentration of lignin and reduced harvest cycles to increase productivity and cost efficiencies.

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10.04.2011

Oil Declines a Third Day as Goldman Sachs Cuts Forecast for Brent Crude

Oil dropped for a third day in New York as investors speculated that fuel demand will falter amid slowing global growth and rising supplies. Goldman Sachs Group Inc. lowered its 2012 forecast for Brent crude.

Futures slid as much as 2.2 percent after falling yesterday to the lowest settlement in more than a year. European leaders indicated that investors may have to take bigger losses than previously assumed on Greek debt, while Goldman Sachs cut its 2012 Brent forecast to $120 a barrel from $130. U.S. crude inventories climbed for a second week, an Energy Department report tomorrow may show. Libya aims to raise production to more than 500,000 barrels a day by the end of this month, according to the chairman of state-run National Oil Corp.

“We are seeing continuing pressure across the commodities complex from these concerns about the global growth prospect,” said Michael McCarthy, a chief market strategist at CMC Markets Asia Pacific Pty Ltd. in Sydney. “The markets are universally bearish, and we’re looking for reasons to sell. The oil markets are being affected by that.”

Crude for November delivery declined as much as $1.69 to $75.92 a barrel in electronic trading on the New York Mercantile Exchange and was at $77.16 at 5:10 p.m. Sydney time. The contract yesterday fell 2 percent to $77.61, the lowest close since Sept. 28, 2010. Prices are down 16 percent this year.

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10.04.2011

Boise Inc. to Acquire Hexacomb Protective Packaging Business of Pregis Corporation

Boise Inc. today announced its board of directors has approved an agreement under which Boise will acquire the Hexacomb protective packaging business of Pregis Corporation. Boise expects the $125 million all-cash transaction to close by year end 2011 or early 2012.

Hexacomb is a leader in kraft paper-based honeycomb protective packaging products and employs approximately 440 employees at 12 manufacturing facilities across six countries. In 2010, Hexacomb had revenues of $102 million and converted approximately 60,000 tons of containerboard.

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10.04.2011

Media deal values up through three quarters

The value of M&A deals in the media, information, marketing and technology sectors increased 10%, to $35.3 billion, in the first three quarters of this year compared with the year-earlier period, according to figures released by Jordan, Edmiston Group, an investment bank.

The marketing and interactive services category was the most active, with 212 deals in the first nine month of the year, up 18% over the year-earlier period. In the same time frame, the category also saw deal value surge 24% to $8.8 billion.

B-to-b online media and technology saw an increase of 10%, to 54, the number of deals in that category; the value of those deals surged 294%, to $5.8 billion. The spike was driven by two large deals: eBay's acquisition of GSI Commerce for $2.4 billion and a $2.2 billion buyout by private equity firms KKR, Silver Lake and Technology Crossover Ventures.

The number of b-to-b media deals dropped 67%, to 11, in the time period, while the value of those deal tumbled 92%, to $38.0 million. The exhibitions and conferences sector, however, showed some life, with the number of deals flat at 18 but the value up 242%, to $371 million, driven largely by Providence Equity Partners' $173.0 million acquisition of George Little Management.

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10.04.2011

Direct marketing spending to hit $163 billion in 2011: DMA 2011

Marketers will spend $163 billion on direct marketing in 2011, a 5.6% increase compared with last year, according to a report released by the Direct Marketing Association (DMA) on Oct. 2. The report also found that direct marketing accounts for 52.1% of total U.S. ad spending.

The DMA projected that direct marketing ROI will reach $12.03 of sales per dollar of expenditures in 2011.

Next year, digital marketing's share of marketing budgets will increase by two percentage points to 21%, according to the DMA. Of the various direct marketing channels, mobile is forecast to experience the most growth over the next year, rising by 38.7% to $1.2 billion. By contrast, direct-response magazine, radio and newspaper spending are all expected to decrease over the next year, with direct-response newspaper advertising predicted to decline by 9.9% to $7.0 billion.

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10.04.2011

Printgraphics, Inc. Acquired by Ennis, Inc.

Ennis, Inc., has acquired all of the stock of Printgraphics, Inc. as of October 1, 2011. Printgraphics has two locations, Vandalia, Ohio and Nevada, Iowa, both of which will continue producing their current products and services. Printgraphics has been a leading wholesale manufacturer of fully integrated document solutions for over 33 years and is now recognized as the 21st largest and 14th fastest growing company in our industry.

Paul Curry, President of Printgraphics, will continue in his role and noted, "We are extremely pleased to announce that Printgraphics has become part of the Ennis family of companies effective October 1, 2011. Ennis is one of the largest and most highly successful printing resellers in the industry. The acquisition of Printgraphics by Ennis will ensure the continued growth of the company into the future by allowing us to take advantage of their vast network of suppliers and economic strength."

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10.04.2011

Nippon Daishowa Paperboard Linerboard and Corrugating Medium, and Specialty Board Price Revisions

Nippon Daishowa Paperboard Co., Ltd. (President: Hironori Iwase) of the Nippon Paper Group has announced price revisions for linerboard and corrugating medium, and specialty board.

1. Products subject to price revisions : Linerboard and corrugating medium, and specialty board (chipboard, core paperboard and gypsum board base paper, etc.)

2. Markup : Minimum 10%

3. Timing of implementation : From November 21, 2011 shipment

4. Reason for implementation : Amid an upward trend in the price of raw materials and fuels, the Company has made sustained efforts to reduce costs. However, it has proven difficult to absorb all the cost increases through the Company's own efforts, and it was decided that there was no alternative but to pass a portion of the cost on to the product price.

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10.04.2011

Transcontinental continues its progression by strategically combining its digital and interactive marketing solutions operations

On November 1, 2011, Transcontinental will implement a new operating structure in order to become more agile at meeting the multiplatform marketing communication needs of its customers. The operations of Transcontinental Media and Transcontinental Interactive will thus be combined into a single sector, "Transcontinental Media", with Natalie Larivière as president. Ms. Larivière has been a driving force in the development of Transcontinental's digital products and services since 2006. The sector will now be responsible for products and services in publishing, distribution, data analytics and management, as well as interactive marketing solutions (mobile, digital promotions, etc.) and digital media.

The purpose of this key new stage in the advancement of Transcontinental's business plan is to better respond to the current needs of businesses who want to reach increasingly fragmented audiences.

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10.04.2011

Neenah Paper Announces CLASSIC(R) Papers Brand Refresh

Many designers can attest - making a final paper selection is often overwhelming and time consuming. But Neenah Paper is proving that it doesn't have to be. The premium paper company updated and simplified the paper selection process by refreshing all four of its CLASSIC(R) Papers brands, including CLASSIC CREST(R), CLASSIC(R) Linen, CLASSIC COLUMNS(R) and CLASSIC(R) Laid Papers.

Neenah's extensive customer focused research identified the increasing project demands falling on designers, making efficiency a top priority when choosing paper for print projects. Hence the newly updated CLASSIC brands provide a simplified platform of premium papers that are complete, consistent and compatible. The revision focuses on these key components:

Ten common colors are now offered across all six paper finishes common to the four CLASSIC brands. These additions allow each brand to work seamlessly together to deliver countless design alternatives and combinations.
Digital printing papers expanded across all finishes in the 10 common colors. This makes the CLASSIC Digital Papers the most expansive offering in the marketplace.
Common green certifications across all four brands - FSC(R) certified, Green-e certified and made Carbon Neutral Plus. Recycled papers are made with a minimum of 30 and 100 percent post-consumer fiber, and are Green Seal(TM) Certified.
Heavier cover weights featured across all 10 common colors.
Two NEW finishes - Eggshell and Stipple - added to the popular CLASSIC CREST(R) brand.

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10.03.2011

Avery Dennison Publishes Its First Sustainability Report

Avery Dennison Corporation today released its first Sustainability Report, Together We're Stronger, detailing the company's 2010 sustainability initiatives, performance and goals. The report, which conforms to Global Reporting Initiative guidelines, is available at: http://www.averydennison.com/avy/en_us/Sustainability.

The report describes how Avery Dennison is working collaboratively to bring product, branding and information solutions to market that increase the sustainability of the industries it serves. "We are delivering on our promise to improve our footprint and work with suppliers, customers, end users and communities to help them become more sustainable," said Dean Scarborough, Avery Dennison chairman, president and CEO.

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10.03.2011

Bonnier Corporation Acquires Cycle World from Hearst Corporation

Bonnier Corporation announced today the purchase of Cycle World magazine from Hearst Corporation. The announcement was made jointly by Terry Snow, CEO of Bonnier Corporation, and David Carey, president of Hearst Magazines. Financial terms were not disclosed.

Cycle World — the No. 1 media brand in the motorcycle industry — joins Bonnier's impressive collection of top brands in the U.S. that include Popular Science, Parenting, Field & Stream and a number of special-interest active lifestyle titles.

"With its very loyal audience of motorcycle enthusiasts, Cycle World will be a great addition to Bonnier's portfolio of special-interest magazines," Carey said. "We are pleased to be working with Terry and his team on this transaction."

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10.03.2011

Harte-Hanks Introduces The Demand Curve™

Capitalizing on its expansive business-to-business (B-to-B) marketing services assets, Harte-Hanks, Inc. (NYSE:HHS), announced today commercial availability of a new insight-led marketing solution for domestic and global technology markets, The Demand Curve™. According to the company, The Demand Curve builds on four core areas of Harte-Hanks expertise within technology markets: professional and business marketing data management, content development, digital and social conversations, and sales and marketing funnel management – as well as the strategy and execution that flow from these areas of demand generation and sales closure.

“Business-to-business marketing, particularly in the technology market, has complexities all its own, and Harte-Hanks has pursued solutions for organizations in this sector that I believe are truly innovative,” said Gary Skidmore, president, Harte-Hanks Direct Marketing. “In 2011, our focus on demand generation and content-driven marketing has culminated in the launch of The Demand Curve offering. Though we’ve only just announced this, we’ve lined up more than a dozen engagements among global and domestic B-to-B marketers in technology markets – each of whom are tapping different points of entry depending on their immediate need for expertise.”

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10.03.2011

St. Joseph Communications Debuts Self-Service Mobile Printing Kiosks

With the proliferation of mobile devices in the marketplace, print is now shifting from a function being done at home and in the office to the mobile world. In response to this evolving trend, St. Joseph Communications, with support from HP and PrinterOn, has developed the world’s first self-service public pay kiosk offering consumers the ability to print directly from their smartphones and tablets.

“More than 19 percent of the world’s cell phones are smartphones and this is expected to reach 50 per cent by Christmas,” says Tony Gagliano, executive chairman and CEO of St. Joseph Communications, Canada’s leading provider of marketing solutions and printing services. “With the introduction of the ePrintit Kiosk, hundreds of millions of smartphone users worldwide can now quickly and conveniently print out their documents on the fly.”

The patent-pending ePrintit Kiosks allow consumers to print reports, presentations, photos, and more by downloading the HP ePrint service app to their smartphones. The Kiosks can also be securely emailed and can print from any memory device. They are equipped with St. Joseph’s proprietary developed monitoring software, a best-in-class HP color laser printer, a Citizen dye-sublimation photo printer, online video camera, and 42" digital signage. The Kiosks also provide a North America-wide directory of all restaurants, hotels, attractions, and theatres and will print out maps to the locations as well as general mapping and driving directions for any location.

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10.03.2011

Crude Oil Extends Decline From One-Year Low After Worst Quarter Since 2008

Oil fell in New York, after closing last week at a one-year low, on concern that Greece will default on debt payments, leading to slower economic growth and fuel consumption.

Futures slipped as much as 2.3 percent after dropping 17 percent since the end of June in the worst quarter since 2008. Reports this week may show manufacturing in the U.S., the world’s biggest oil consumer, barely grew last month, while job growth failed to cut unemployment. European finance ministers meet today in Luxembourg to weigh the threat of a Greek default. Saudi Arabian Oil Co. canceled a crude shipment to Royal Dutch Shell Plc after a fire at Shell’s largest oil refinery.

“A Greek default is becoming more and more likely amid reports the country will miss debt-reduction targets,” said James Zhang, a strategist at Standard Bank Plc in London, who forecasts Brent will average $98 a barrel in the fourth quarter. “The weaker euro and falling equity market are pulling oil prices lower.”

Crude for November delivery fell as much as $1.84 to $77.36 a barrel in electronic trading on the New York Mercantile Exchange and was at $78.24 at 10:53 a.m. London time. The contract fell 3.6 percent to $79.20 on Sept. 30, the lowest close since Sept. 29, 2010. Last quarter’s decline was the biggest since the three months ended Dec. 31, 2008.

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09.30.2011

AEP Industries Inc. to Acquire Webster Industries

AEP Industries Inc. today announced that it has reached a definitive agreement to acquire substantially all of the assets and specified liabilities of Webster Industries (“Webster”), a privately-held national manufacturer and distributor of retail and institutional private label food and trash bags, in a cash transaction valued at approximately $28.4 million, subject to a post-closing working capital adjustment. Webster has operations in Montgomery, Alabama and is an operating division of Chelsea Industries, Inc.

Founded in 1957, Webster sold 93 million pounds of product with recorded net sales of $145 million in 2010. Webster’s product lines include high value-added food contact products, which consist of food storage and freezer bags with a resealable zipper, bags with a slider close, fold top and twist tie food storage and sandwich bags, and conventional trash bag products.

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09.30.2011

American Media, Inc. Titles To Be Available on New Amazon Kindle Fire

American Media Inc., publishers of the leading print and digital celebrity health and fitness magazines in the United States, signed an agreement to supply all of its titles, including Star, OK!, Shape, Men’s Fitness, Muscle & Fitness and Fit Pregnancy to the Amazon’s Kindle Fire, the latest tablet to challenge the Apple iPad.

“This is an exciting deal for American Media,” said David Leckey, AMI’s Executive Vice-President, Consumer Marketing. “It keeps with the company’s strategy to make our titles available on every digital platform today and on those yet to come.”

The deal with Amazon underscores AMI’s digital goal to be platform agnostic and provides its content to consumers, no matter what format they use to receive news, gossip, and information.

Currently, AMI’s roster of leading titles are available on the iPad through Zinio and the Nook.

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09.30.2011

New USDA Study: Wood is the Greenest Green Building Material

The American Forest Foundation (AFF) today welcomed a new study from the U.S. Department of Agriculture (USDA) showing that wood is truly the green building material, with environmental benefits that dwarf other common building materials.

The new study analyzed a life-cycle assessment of green building materials and found that growing, harvesting, transporting, manufacturing, and using wood produces less air pollution – including greenhouse gasses – than concrete, steel, and other material options. The USDA press release regarding this study is available online.

“Giving the green light to wood as the green building material should dramatically impact the market for sustainably grown wood in this country,” said AFF President Tom Martin. “Healthy forests need healthy markets, and the green building market is expected to grow to a $173 billion industry by 2015. Secretary Vilsack is a champion for working family forests, and understands their importance to America’s rural economies.”

The announcement by USDA Secretary Tom Vilsack emphasized the value of credible thirdparty certification systems, including the Sustainable Forestry Initiative®, the Forest Stewardship Council®, and the American Tree Farm System® (ATFS) certification in verifying sustainability.

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09.30.2011

Canfor Pulp Limited Partnership Delays Start-up of Northwood Mill

Canfor Pulp Products Inc., which owns 49.8% of Canfor Pulp Limited Partnership, today announced that the start-up of one line of its two-line Northwood Pulp Mill in Prince George, British Columbia has been delayed by two weeks to complete the recovery boiler upgrade project.

This delay will result in a reduction of pulp production in the fourth quarter of approximately 10,000 tonnes. Management is focusing on managing the associated project delays and mitigating anticipated project cost overruns.

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09.30.2011

US online ad revenue up 23% in first half of 2011: IAB

U.S. online advertising revenue grew by 23% year-over-year to $14.9 billion in the first half of 2011, according to a report released by the Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC) on Sept. 28. Second-quarter revenue hit $7.68 billion, a 24% increase compared with the prior year.

Search marketing contributed 49% of the period's overall revenue. That segment generated $7.3 billion in the first six months, a 27% year-over-year increase.

Following search's share, display-related advertising accounted for 37% of total revenue. Revenue from display rose by 27% year-over-year to $5.5 billion. The IAB broke down display revenue into four segments: display/banner ads ($3.4 billion), digital video ($891 million), rich media ($763 million) and sponsorship ($467 million).

Email revenue dropped by 34% year-over-year to $79 million, accounting for 1% of overall revenue in the period.

The IAB found that retail marketers spend the most on online advertising. The sector increased its spending by 20% from 2010 to $3.4 billion. Telecommunications, financial services and automotive marketers trailed retailers at $2.1 billion, $1.9 billion and $1.7 billion, respectively.

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09.30.2011

Heidelberg Issues White Paper on Data Protection for Printers

Heidelberg USA has issued "Data Protection for Printers," a new white paper focusing on the unique issues printers face in keeping production running smoothly in the event of unexpected interruptions.

As printers evolve their operations into fully automated workflows, they must be prepared to keep production running through various disruptions due to power outages and system crashes, as well as software and hardware upgrades/migrations, virus infestations, natural disasters, and the illness or departure of key employees.

In order to bring back a failed system, printers need easy access to all system-state data applications and components, including users, device configurations, security policies, etc. Skeptics may disagree about the need for urgency in taking measures to protect their data, but the fact remains that 10 percent of hard drives fail every year-for an average of 130,000 each week in the U.S. In addition, 30 percent of businesses that experience a major disaster go out of business within a year afterward, while 60 percent fail within five years.

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09.30.2011

American Baby Targets Parenting Stages in Customized Print

The longstanding email device of targeting expectant moms with niche content for their specific pregnancy stage or child’s age is now coming to print. Beginning with its October 2011 issue American Baby will add personalized content to its monthly magazine in a bundled “Just for You” section with content about the home subscriber’s specific parenting stage. The editorial will be relevant to the specific month of pregnancy or to the newborn child’s current age. The editorial is informed by American Baby’s own Momtrack market research.

“We know millennial readers crave customization in everything from cereal to sneakers. Why shouldn’t their magazine be tailored to them too?” says magazine editor-in-chief Dana Points. In this case there will be an even dozen varieties of custom content, one for each of months four through nine of pregnancy and then for each newborn month through half a year old.

The content will be additive to the standard issue material and will address the parent’s immediate circumstances. A woman in her ninth month of pregnancy could get content on having a more pleasant hospital stay or a woman in month four might get content on gender differences just as she is likely to be finding out her child’s sex.

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09.30.2011

5-Day Delivery Bill Not Likely to Pass This Year

Is it possible that Congress will enact a bill this year that would eliminate Saturday mail delivery? According to several postal experts, there are two chances for that occurring in 2011: slim and none.

Although a U.S. House of Representatives subcommittee approved a bill last week to end Saturday mail delivery, it still needs to advance through the full House Committee on Oversight and Government Reform—possibly next month—and then be voted on by the House and Senate.

Gene Del Polito, the president of the trade group Association for Postal Commerce, believes there is zero chance of five-day mail delivery passing through Congress this year. He thinks there’s a 50% chance of it passing in 2012, and a 100% chance of passing in two years.

Tony Conway, executive director for the Alliance of Nonprofit Mailers, agrees that the chances of five-day delivery passing this year are not good. The best case is next year, he says, worst case would be two years.

Jerry Cerasale, senior vice president of government affairs for the Direct Marketing Association, pegs the chances of five-day delivery passing this year as “well below 50%.”

The only way it passes this year, he says, is if the Joint Select Committee on Deficit Reduction includes it in a package, as the President supports. Cerasale believes Congress will pass five-day delivery in 2012 or 2013.

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09.30.2011

Rite Aid Reports 1.3 Percent Same Store Sales Increase for September

For the four weeks ended September 24, 2011, same store sales increased 1.3 percent over the prior-year period. September front-end same store sales decreased 0.5 percent. Pharmacy same store sales, which included an approximate 143 basis points negative impact from new generic introductions, increased 2.1 percent. Prescription count at comparable stores decreased 0.5 percent over the prior-year period. Same store sales for the month softened because of the negative impact of Hurricane Irene on the company’s sales results in early September.

Total drugstore sales for the four-week period increased 1.1 percent to $1.923 billion compared to $1.901 billion for the same period last year. Prescription sales accounted for 68.8 percent of drugstore sales, and third party prescription sales represented 96.4 percent of pharmacy sales.

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09.30.2011

Stora Enso's and Arauco's Montes del Plata joint-venture finalises project financing

Stora Enso's and Arauco's Montes del Plata joint-venture pulp mill project is proceeding and the external financing for the project has been finalised. Montes del Plata has signed the loan agreements and as part of the financing arrangements, Stora Enso has signed an agreement to guarantee 50% of USD 1 354 million of loans raised by Montes del Plata. Stora Enso's 50% share of the total guarantee will be a maximum of USD 677 million (EUR 498 million). The project is financed by USD 900 million of export credit financing with twelve years tenor, by an A loan of USD 200 million with twelve years tenor from the Inter-American Development Bank (IDB) and by a B loan of USD 254 million with nine years tenor from commercial banks through IDB.

“We welcome the support of Finnvera, Finnish Export Credit (FEC), Swedish Export Credit (SEK), IDB and other financing institutions for this exciting, strategically important project. We are also pleased with the long maturity of the credit facility,” says Stora Enso CFO Markus Rauramo.

As announced on 18 January 2011, Montes del Plata will build a new state-of-the-art 1.3 million tonnes per year pulp mill at Punta Pereira, in the department of Colonia, Uruguay. The total investment is estimated to be approximately USD 1.9 billion (EUR 1.4 billion). Each of the joint-venture shareholders has a 50% stake in the mill's equity and will be entitled to half of its output. The project will be financed through equity and loans raised by Montes del Plata. Stora Enso is consolidating its 50% share with the equity method.

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09.30.2011

Crude Oil Heads for Its Biggest Quarterly Decline in New York Since 2008

Oil headed for its biggest quarterly drop in New York since the 2008 financial crisis as signs of slowing growth in China and Germany heightened concerns that fuel demand will suffer.

West Texas Intermediate futures have fallen 14 percent this quarter, the biggest drop since the three months ended Dec. 31, 2008. Chinese manufacturing fell for a third month, data from HSBC Holdings Plc showed today, while Germany’s Federal Statistics office said retail sales declined the most in more than four months in August. WTI’s discount to Brent oil narrowed for a sixth day, the longest streak since March 2010.

“There is a risk of slowdown in Chinese demand as well,” said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt, who forecasts Brent prices at $100 in the next quarter. “The risks to the forecast in the fourth quarter and for 2012 as a whole are to the downside.”

Crude for November delivery on the New York Mercantile Exchange was down 12 cents, or 0.2 percent, at $82.02 a barrel, at 11:53 a.m. London time after gaining as much as $1.09 to $83.23. WTI is down 7.7 percent this month.

Brent oil for November settlement fell 52 cents to $103.43 a barrel on the ICE Futures Europe exchange in London. Prices are down 8 percent this quarter.

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09.29.2011

New Global MDO Film Laminate Sets New Standard for the Home and Personal Care Market

Avery Dennison is introducing Global MDO - the latest addition to its innovative Machine Direction Oriented (MDO) film product line. The new film laminate bridges the gap between the high-performing MDO film range and PE85 film and features major productivity and sustainability improvements -- including a significant reduction in web breaks, up to 50 percent less ooze, an inherently printable film and double the amount of labels per roll -- balanced with the on-shelf label clarity demanded for Home and Personal Care applications.

Avery Dennison has spent over 15 years perfecting its MDO films designed specifically for the pressure-sensitive label market. Combined with PET23 liner, Global MDO offers the label market a differentiated film in the high-volume Home and Personal Care (HPC) market.

"In the past, you've always had to compromise," says Kent Stobbart, product marketing director for Avery Dennison Label and Packaging Materials Europe. "You could get a thinner label material, but it would lack rigidity. If you wanted conformability you gave up clarity. With Global MDO you don't have to make these compromises anymore."

Adds Renae Kulis, global segment leader, HPC, "This product is positioned to become the new de-facto film standard for the Home and Personal Care market."

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09.29.2011

LePage: Cate Street closes deal on Katahdin paper mills

New Hampshire-based investor Cate Street Capital is the full owner of the two Katahdin region paper mills and has plans to return hundreds of people to work, Gov. Paul LePage said Wednesday.

LePage announced the final sale transaction between Cate Street Capital and the previous owner, Brookfield Asset Management, in a brief statement lauding his administration’s perseverance in restoring the East Millinocket and Millinocket mills.

“With hundreds of people starting to get back to work, it’s a great day for Maine,” LePage said.

“I appreciate all the hard work and perseverance of Cate Street Capital, Brookfield Asset Management and members of my administration to make this happen. This was a very long and complicated process, but everyone involved was focused on putting Mainers back to work,” he added. “With the soaring unemployment rate in the Millinocket area, we’re excited to restore these jobs and explore new areas for economic growth.”

With its new subsidiary, Great Northern Paper Co. LLC., Cate Street plans to have 215 paper workers employed at the East Millinocket mill by Oct. 10 to help make its first shipment of newsprint due by Oct. 30. Hiring began last week. Another 50 to 75 workers could be hired when other parts of the mill come on line.

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09.29.2011

Crude Oil Rises on Speculation Europe Rescue Plan Will Temper Debt Crisis

Oil climbed in New York, paring its biggest quarterly drop since 2008, on speculation that an expanded European bail-out fund, approved by German lawmakers today, will support economic growth and fuel demand.

Futures advanced as much as 1.5 percent as Germany’s lower house of parliament agreed to the extension of the European Financial Stability Facility endorsed by Chancellor Angela Merkel. The country’s upper house will vote on it tomorrow. Still, a Bloomberg poll indicates investors see the euro area heading toward recession. Royal Dutch Shell Plc (RDSA) continued to fight a blaze that shut a gasoline and diesel unit at its oil refinery in Singapore, the largest operated by the company.

“Obviously the extension of the European Financial Stability Facility would have an impact on growth in Europe, and then other countries, and that’s why the market is reacting so strongly,” Christophe Barret, a London-based analyst at Credit Agricole CIB who correctly predicted last month that prices would drop and forecasts Brent will fall to $90 a barrel by year-end. “Fundamentals remain very weak; economic growth is worse than expected.”

Crude for November delivery gained as much as $1.25 to $82.46 a barrel in electronic trading on the New York Mercantile Exchange and was at $82.09 at 11:18 a.m. London time. The contract yesterday slid 3.8 percent to $81.21. Futures are down 7.8 percent this month and 10 percent this year. Prices have dropped 14 percent since the end of June, the biggest quarterly loss since the last three months of 2008.

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09.29.2011

EFI's New Jetrion 4900 Offers End-to-End Digital Label Production From Pre-Press to Finishing

EFI™ today launched the Jetrion 4900, a revolutionary UV inkjet digital printing system that combines high-quality digital printing with in-line laser finishing for label converters. The new system makes short-run digital label jobs even more efficient and profitable by eliminating set-up time, substrate waste and inventory requirements associated with the label finishing process. It produces eye-catching, durable labels on an array of substrates.

"EFI's Jetrion 4900 is a robust industrial press that is ideal for label converters looking to transfer high-cost, short- and medium-run jobs to digital systems, from print file straight through to finished roll," said Sean Skelly, vice president and general manager of EFI Jetrion. "It produces top-quality labels with cost-savings that go straight to the bottom line, a must in today's business environment where lean manufacturing and efficiency are required to compete."

By integrating printing and finishing for the entire production run, the Jetrion 4900 offers label converters substantial savings with no additional plates, dies, change overs and make-ready labour needed. By just migrating existing flexo jobs, the system can easily generate savings of more than 1,000 euros a day.

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09.29.2011

Ennis, Inc. Reports Results for the Three and Six Months Ended August 31, 2011

Ennis, Inc., today reported financial results for the three and six months ended August 31, 2011.

For the quarter, consolidated net sales decreased by $12.6 million, or 8.8%, from $143.0 million for the quarter ended August 31, 2010 to $130.4 million for the quarter ended August 31, 2011. Print sales for the quarter were stable at $69.2 million, compared to $69.1 million for the same quarter last year. Due to unexpected softness in the market, Apparel sales for the quarter ended August 31, 2011 were $61.2 million, compared to $73.9 million for the same quarter last year, or a decrease of 17.2%. Overall gross profit margins ("margins") decreased from 27.8% to 26.1% for the quarters ended August 31, 2010 and August 31, 2011, respectively. Print margins increased during the period from 28.2% to 28.6%, while Apparel margins due to higher input costs decreased from 27.4% to 23.4%. Net earnings for the quarter decreased from $12.1 million, or 8.5% of sales, for the quarter ended August 31, 2010 to $9.7 million, or 7.4% of sales, for the quarter ended August 31, 2011. Diluted EPS decreased from $0.47 per share to $0.37 per share for the quarters ended August 31, 2010 and August 31, 2011, respectively.

For the six month period, net sales decreased from $283.8 million for the six months ended August 31, 2010 to $273.6 million for the six months ended August 31, 2011, or 3.6%. Print sales for the period again remained relatively stable at $136.3 million, compared to $136.9 million for the same period last year. Apparel sales for the period were $137.3 million, compared to $146.8 million for the same period last year, or a decrease of 6.5%. Overall margins decreased from 28.9% to 27.0% for the six months ended August 31, 2010 and 2011, respectively. Print margins decreased slightly during the period from 29.2% to 28.7%, while Apparel margins decreased from 28.5% to 25.3%, again due to higher raw material costs. Net earnings for the period, decreased from $25.2 million, or 8.9% of sales, for the six months ended August 31, 2010 to $21.1 million, or 7.7% of sales, for the six months ended August 31, 2011. Diluted earnings decreased from $0.97 per share to $0.81 per share for the six months ended August 31, 2010 and 2011, respectively.

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09.29.2011

HP Introduces World’s Most Versatile and Productive Digital Label Press

HP today announced the industry’s most versatile and productive digital label press, the HP Indigo WS6600 Digital Press, which is capable of printing more than 40 linear meters per minute in full color and features a new in-line priming unit.

Other features for improved productivity include an improved white ink option and new solutions from partners for managing the complete digital production of labels and packaging.

HP also introduced the industry’s most productive entry-level solution for digital labels, the HP Indigo WS4600 Digital Press, with an option for full-color throughput of more than 21 linear meters per minute. Both the WS6600 and WS4600 deliver higher throughput via a new Enhanced Productivity Mode developed by HP.(1)

“With the Indigo WS6600, we can produce jobs of over 10,000 linear meters with the outstanding quality that our customers are demanding, and still deliver fast turnaround,” said Roger Gehrke, executive manager of Digital Printing at beta user RAKO ETIKETTEN in Wizhave, Germany.

Participants in a blind-test packaging industry label sample evaluation said they preferred HP Indigo print quality over flexography by a four-to-one margin.(2).

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09.29.2011

Most — But Not All — Big Magazine Publishers Sign On for Amazon’s Tablet

In 2010, magazine publishers got giddy about the prospects of selling their stuff on the iPad. This year’s version of the story: Lots of enthusiasm, tempered with a little bit of skepticism, over Amazon’s new tablet.

When Amazon unveils its new iPad-like device on Wednesday, it will have the backing of at least three of the big magazine publishers: Hearst, Conde Nast and Meredith all have deals to sell digital versions of their titles on the new device, according to industry sources.

The notable standout, for now, is Time Warner’s giant Time Inc., which has yet to come to terms with Amazon CEO Jeff Bezos. A person familiar with negotiations suggests that a deal won’t get done in the next two days, either — “hopefully by the end of the year” was the guidance I got today.

Publishing sources say Amazon’s terms will roughly mirror the ones that Apple has established with most magazines this year: Publishers will keep around 70 percent of all Amazon sales, and the retailer will share some customer data with the publishers. The deals aren’t cookie cutter replicas, however, and in some cases Amazon may take a little more or less than 70 percent, depending on the title and the customer offer.

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09.29.2011

Quad to Unveil Interactive Print Solutions at DMA

Quad/Graphics, Inc. announced today that it will unveil a number of interactive print solutions at the 2011 DMA Conference and Exhibition Oct. 1-6 in Boston, Mass. Quad, a global provider of print and related multichannel solutions for many of the country’s leading marketers and publishers, will demonstrate solutions that more effectively connect print with new and engaging mobile and related technologies.

“Our goal is to unleash the power of print and tap the full potential of related mobile and other communications to help our customers create successful campaigns more efficiently and effectively,” says Joel Quadracci, Quad/Graphics Chairman, President & CEO. “Print is the foundation of many successful multichannel campaigns. Our integrated print solutions help marketers and publishers get to the next level of successful print and new media integration.”

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09.29.2011

Twice the thickness, twice the strength - trucard x2 launches at Luxe Pack Monaco!

Scottish board manufacturer Tullis Russell is launching a brand new addition to it’s SBS board range trucard at the Luxe Pack luxury packaging exhibition in Monaco 19-21st October. The new trucard x2 is a range of heavy-weight laminated coated and uncoated boards with remarkable stiffness and bulk.

trucard already offers the largest range of any SBS cartonboard on the market today with an unrivalled variety of surfaces, weights and environmental options. The whole range, both coated and uncoated, is FSC certified with many 50% post consumer waste (PCW) recycled options available. trucard x2 will be available in standard trucard 2 gloss and in uncoated trucard 0 matt in weights from 450 g/m² (600 micron) to 780 g/m² (1000 micron).

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09.29.2011

UPM Tervasaari PM 8 rebuild proceeds as planned

In November 2010 UPM announced its response to the growing demand for label papers by increasing the label paper production capacity by almost 30,000 tonnes annually at its Tervasaari mill (PM 8) in Valkeakoski, Finland.

"The rebuild of the Tervasaari PM 8 started in March 2011 and has proceeded as planned. The first phase in March 2011 brought already more capacity. The main phase takes place at the end of Q1 2012. In addition to capacity increase the investment enables UPM to widen the product portfolio towards thinner and lighter liners. The first new product will be a 45 gsm glassine,“ says Mr Jari Tamminen, Production Director of UPM Tervasaari.

UPM Tervasaari paper mill manufactures yearly some 360,000 tonnes of label, envelope and kraft papers. The mill employs about 400 people. PM 8 was built in 1996 and the machine produces label release base papers. Its previous rebuild was done in year 2006.

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09.29.2011

Avery Dennison's Revolutionary ThinStream(TM) Technology Enables Die-Cutting of Liner Twice as Thin as Market Minimum

A revolutionary new die-cutting technology, called Avery Dennison ThinStream(TM), developed by pressure-sensitive label material manufacturer Avery Dennison, allows the die-cutting of labels with a liner as thin as 12 microns, half of the current minimum in the market. ThinStream technology also eliminates die strikes, one of the industry's top quality concerns. The patented technology for ThinStream has been licensed to the Gallus Group, which has created the Gallus Cold Die Unit to accomplish this major advance in die-cutting technology.

ThinStream is one of the biggest and most significant advances in die-cutting in decades. Until its arrival, die-cutting liner with calipers below 23 microns was virtually impossible. With conventional kiss-cutting, the die can cut through the liner and cause operational and quality problems during converting and dispensing. Avery Dennison's ThinStream technology overcomes this challenge.

It separates the face stock from the liner before die-cutting, cuts the label shape through the adhesive and then reassembles the label. In order to make a 'clean cut,' the machine uses a cold die unit, which is kept below freezing to prevent the adhesive sticking to the die.

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09.28.2011

Kohl's Opens 30 New Stores Creating Approximately 4,000 Jobs

Today, Kohl's Department Stores marks the grand opening of 30 new stores, bringing approximately 4,000 new jobs across 20 states.

"We are pleased to be in a position to create thousands of jobs, as Kohl's continues to focus on growing market share in a challenging economy," said Kevin Mansell, Kohl's chairman, president and chief executive officer. "We continue to bring customers innovative new stores where they can enjoy quality national and exclusive brands at exceptional values. This fall we launched the exclusive Jennifer Lopez and Marc Anthony collections available at all stores and Kohls.com. To keep the customer experience fresh and exciting, we have invested in our existing store base by adding innovative features and remodeling approximately 100 stores this year, an 18 percent increase from 2010."

2011 is another year of growth for the company as Kohl's opens 30 stores today in 20 states - Alabama, California, Florida, Georgia, Idaho, Indiana, Iowa, Maryland, Massachusetts, Montana, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Wyoming. Kohl's now operates 1,127 stores in 49 states. The company also invested in its current store base by adding innovative features and remodeling approximately 100 stores this year, an 18 percent increase from 2010.

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09.28.2011

Label paper customers and end users interested in the new liner recycling concept

UPM and the French company Vertaris have teamed up to develop a sustainable release liner recycling concept in Europe in the spring. The co-operation of UPM and Vertaris provides a more sustainable solution to recycle the used liner back into pulp and paper. Today, the majority of the used siliconised liner is mainly incinerated.

Vertaris developed a technology for de-siliconising paper-based release liner at their plant in Voreppe, France. The recycled liners will be processed into pulp at Vertaris’ plant, and the pulp will be used in paper production at UPM’s paper mills in Europe.

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09.28.2011

UPM Raflatac opens a slitting and distribution terminal in Moscow, Russia

UPM Raflatac has opened a new slitting and distribution terminal in Moscow, Russia. The new terminal will supply the local labelling market with high-quality film and paper labelstock.

The terminal started operations in September and will serve customers in the Moscow region. This is Russia’s biggest labelstock market, where high demands are placed on quick delivery.

“Covering the number of customers in the Moscow region and providing the strictly required 24-hour delivery are obvious reasons for having a terminal close to Moscow,” says Dmitrij Strechin, Country Manager, Russia and Kazakhstan. “Moscow is a highly competitive area for both printers and suppliers of self-adhesive laminate, so operations need to be in accordance with very high quality and service standards.”

The Moscow terminal complements UPM Raflatac’s service and logistics network in Russia, comprising a slitting and distribution terminal in St. Petersburg and sales offices in Moscow and St. Petersburg. UPM Raflatac is the only supplier in the industry with a direct distribution model in Russia.

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09.28.2011

American Greetings Announces Second Quarter Earnings

American Greetings Corporation today announced its results for the second fiscal quarter ended August 26, 2011.

For the second quarter of fiscal 2012, the Company reported total revenue of $368.8 million, pre-tax income of $25.0 million, and net income of $14.5 million or 35 cents per share (all per-share amounts assume dilution). Compared to the prior year, revenue increased approximately $26 million. Included within these results was a pre-tax benefit from the sale of certain minor characters in our intellectual property portfolio of $4.5 million (after-tax of approximately $2.8 million) or approximately 7 cents per share.

For the second quarter of fiscal 2011, the Company reported total revenue of $342.8 million, pre-tax income of $17.0 million, and net income of $8.5 million or 21 cents per share. During the quarter, the Company incurred pre-tax costs associated with the integrations of Papyrus and Recycled Paper Greetings of $5.2 million (after-tax of approximately $3.2 million) or approximately 8 cents per share.

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09.28.2011

Oil Drops After Biggest Gain in 4 Months on Concern Global Economy to Slow

Oil fell in New York, heading for the biggest quarterly decline since 2008, on speculation that fuel demand will drop as the U.S. economy slows and Europe’s debt crisis batters consumer sentiment.

Futures slipped as much as 2.1 percent after posting the biggest gain in four months yesterday. U.S. inventories of gasoline and crude oil increased last week, according to a Bloomberg News survey before today’s Energy Department report. Commerce Department data today may show U.S. durable goods orders fell and a report tomorrow may confirm European consumer confidence slid to a two-year low in September.

“We’re likely to see more of a correction in oil prices as the slowdown in economic growth and demand does not bode well,” said Eliane Tanner, an analyst at Bank Sarasin & Cie AG in Zurich, who last month correctly predicted oil would drop. “Brent prices could go below $95, but as we approach $90 it becomes a buying opportunity.”

Crude for November delivery slid as much as $1.79 to $82.66 a barrel in electronic trading on the New York Mercantile Exchange and was at $84.10 at 11:10 a.m. London time. The contract yesterday climbed $4.21, or 5.3 percent, to $84.45. It was the biggest gain since May 9.

Oil is down 5.3 percent this month and 8 percent this year. Prices have dropped 12 percent since the end of June, the biggest quarterly loss since the last three months of 2008.

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09.28.2011

An ‘EXPERTCUT’ for Nottingham

Chesapeake Nottingham will soon see the arrival of the latest Bobst Expertcut 106 PER die-cutter which will lift production capacity. The machine die-cuts, strips, and separates printed sheets into piles of carton blanks, ready for folding and gluing.

Mike Cheetham, Chesapeake’s CEO, who visited Bobst’s Competence Center in Lausanne, Switzerland to view the new machine, said, “Installing the latest Bobst die-cutter technology at Nottingham is a further step in our unmatched investment programme. Over the past two years, our investment in new generation production equipment has helped to strengthen the service levels we deliver to our customers.”

The new machine features a sophisticated register system which delivers outstanding die-cut to print register accuracy. The machine also features ‘full sheet delivery’ which means that any jobs not requiring blank separation can be die-cut and stripped as quickly and easily as on a non-blanking die-cutter.

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09.28.2011

Hearst Magazines Surpasses 300,000 Paid Digital Circulation on Tablets and E-Readers

Hearst Magazines has exceeded 300,000 paid distribution for its digital editions, it was announced today by David Carey, president, Hearst Magazines. Across multiple platforms, including iTunes, B&N Nook Color and the Zinio Newsstand, Hearst brands have captured more than 300,000 combined monthly digital edition subscriptions and single copy sales, a 10x increase versus September last year. As the tablet and e-reader space expands, Hearst expects its digital subscription business to continue to steadily increase.

“We’re very bullish on our digital subscription business and the potential for it to grow as new devices and platforms enter the market,” Carey said. “As consumers increasingly have more options for accessing magazine content, our strategy is to be everywhere, both to satisfy reader demand and capture additive audiences for our brands.”

Hearst is the only major magazine publisher to have its magazines for sale on every device currently in the market, through a combination of digital replicas and enhanced editions. The company was an early proponent of digital editions of its magazines, selling initially on the Zinio platform as early as 2005.

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09.28.2011

Harland Clarke Installs Two Océ Inkjet Presses

Océ, a Canon Group company and an international leader in digital document management, announced that Harland Clarke has installed two Océ JetStream 2200 continuous-feed inkjet printing systems and Océ PRISMA workflow software to further automate print production in its payment solutions and marketing services business units.

Harland Clarke has long been recognized as an industry leader in providing a broad range of products and services to its nearly 11,000 financial institution clients. Business checks remain an important business offering in the payment solutions portion of this industry.

Always seeking ways to better serve its clients and their account holders, Harland Clarke now offers full-color variable digital printing of customized checks from plain white stock. The technology of Océ’s end-to-end inkjet printing solution makes this possible. This technological advancement replaces monochrome printing on pre-printed security check stock.

With the Océ JetStream 2200 production printing system, checks and other applications are printed in full color at high speed in a single-pass operation. This simplified process starts with white paper, adds full-color variable data with embedded security features—including digital pantographs and MICR lines—and ends with in-line finishing. The security features of the business checks meet or exceed U.S. banking requirements.

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09.28.2011

Raflabrite Paper Labelstock now FSC Certified

UPM Raflatac is moving all high-volume Raflabrite product combinations to FSC® certification. Supplying certified papers gives label converters the opportunity to offer products from sustainably managed forests without a price premium.

“We‘re making forest certification the standard for our main paper product range,” explains Neil Fedorowycz, Director for Prime business segment at UPM Raflatac in Europe. “This is our direct response to growing demand from customers and major retailers for certified products and improved sustainability credentials for their packaging.”

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