Paperclips Blog | Flint Ink Results

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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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• 09.28.2011

  Postal Service Workers Rally Against ‘Manufactured' Crisis

  Postal workers and their supporters plan to rally in congressional districts across the country Tuesday afternoon, hoping to convince their representatives that cuts being considered to the U.S. Postal Service's system and workforce are unnecessary and counterproductive.

  So far, their argument has been drowned out amidst grave declarations of a financial crisis at the agency. Earlier this month, the postmaster general warned Congress of a looming default and eventual bankruptcy; a government accountability official declared the postal service's business model "broken"; and even President Obama, in his recent $3 trillion deficit-reduction plan, said the postal service should be allowed to eliminate Saturday delivery in order to save itself. The agency is projected to post a $10 billion loss this year.

  But Fredric Rolando, president of the National Association of Letter Carriers (NALC), one of a handful of unions spearheading the rallies Tuesday, said his group has been trying to combat what he describes as misinformation surrounding the postal service's real financial status. He said that large-scale cuts to the system -- including the possible closings of lower-volume post offices -- are not imperative, and could actually end up hurting the service in the long run.

  "It's a choice, not a necessity," Rolando said. "Someone is choosing to take our communications system apart. ... That's what you're seeing discussed -- the reduction of delivery days, the reduction in service standards, the consolidation of processing plants. It's just a dismantling of the service as we know it."

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• 09.27.2011

  UPM awarded FSC certificate for company's forests in Finland

  UPM is the first Finnish company to be awarded a certificate for complying with the new FSC (Forest Stewardship Council) standard. The FSC certificate covers around half of UPM's forests in Finland. UPM's forests have previously been awarded a PEFC (Programme for the Endorsement of Forest Certification Schemes) certificate.

  "FSC certification of Finnish forests further expands UPM's portfolio of eco-labelled products. We already have the markets' most extensive selection of paper products with the EU Ecolabel. Forest certificates, such as FSC and PEFC are a guarantee to our customers that our wood fibre comes from sustainably managed forests," says Thomas Ehrnrooth, Vice President, Marketing, Paper.

  The first UPM products manufactured from FSC-certified Finnish fibre will be available on the market in autumn 2011.

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• 09.27.2011

  DEP commissioner approves operating licenses for mills' new owners

  Maine Department of Environmental Protection Commissioner Patricia W. Aho signed over operating licenses for two dormant paper mills to their imminent owner late Wednesday afternoon, a move that brings the restoration of hundreds of jobs in the Katahdin region one step closer to reality.

  DEP spokeswoman Samantha DePoy-Warren said the numerous licenses cover issues ranging from wastewater and solid waste disposal to storm water runoff to processes that will be used to scrub the smokestacks of the mills in East Millinocket and Millinocket. A 20-day public comment period required by law came and went without a single comment filed, according to DePoy-Warren, who said the DEP was able to expedite its approval because the permits in question already were held by the mills’ previous operator, Brookfield Asset Management.

  Though the transfer has been signed, the operating licenses are contingent on another crucial aspect of the overall deal: the State Planning Office taking ownership of the Dolby landfill in East Millinocket, which also requires a DEP permit. The 20-day comment period for that part of the deal ends on Sept. 26, and unlike the other permits, there already is opposition.

  The Portland-based Conservation Law Foundation is raising concerns that the state’s plan to assume ownership of the landfill violates the Maine Constitution because it saddles the state with millions of dollars in future operations and closure costs. The foundation, which focuses on environmental advocacy, has filed the only letter of concern received by the DEP to date.

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• 09.27.2011

  Oil Gains on Optimism Europe Will Tame Debt Crisis, Boosting Fuel Demand

  Oil rose for a second day in New York on speculation European governments will tame their sovereign-debt crisis, tempering a slowdown in the region’s economy and demand for raw materials.

  Futures gained as much as 2.8 percent, trimming the biggest quarterly decline since the global financial crisis in 2008. U.S. Treasury Secretary Timothy F. Geithner predicted Europe will intensify efforts to contain its debt problems after being pressured at international meetings in Washington last week. The European Union accounted for 16 percent of global oil consumption last year, according to BP Plc’s annual Statistical Review of World Energy.

  “If there’s a credible plan that is good enough and certain enough to restore reasonable confidence to the world, then a lot of things are going to look cheap at current prices and that probably includes oil,” said Ric Spooner, a chief market analyst at CMC Markets in Sydney.

  Crude for November delivery climbed as much as $2.26 to $82.50 a barrel in electronic trading on the New York Mercantile Exchange. It was at $82.16 at 3:19 p.m. Singapore time. Oil has dropped 14 percent from the end of June, the biggest quarterly loss since the three months ended December 2008. Prices are down 7.5 percent this month and 10 percent this year.

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• 09.27.2011

  August European Fine Paper Statistics

  CEPIFINE today reported Fine Paper statistics for August and 2011 year-to-date.
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• 09.27.2011

  CEPIPRINT publishes August Statistics

  CEPIPRINT, the Association of European Publication Paper Producers, issues today its monthly summary of European (Western + Eastern) mechanical paper statistics.
  
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• 09.27.2011

  Walgreen Co. Reports 6.5 Percent Increase in Fourth Quarter Sales

  Walgreen Co. today announced strong sales and earnings results for the fourth quarter and fiscal year 2011 ended Aug. 31.

  Fourth quarter sales increased 6.5 percent from the prior-year quarter to $18.0 billion. For fiscal year 2011, sales increased 7.1 percent from the prior year to a record $72.2 billion. Total sales in comparable stores (those open more than a year) increased 4.4 percent in the quarter, while front-end comparable drugstore sales increased 4.6 percent in the quarter. Customer traffic in comparable stores increased 1.6 percent for the fourth quarter, while basket size increased 3.0 percent.

  During fiscal 2011, the company returned $2.4 billion to shareholders through share repurchases and dividends. Cash flow from operations for the fiscal year reached $3.6 billion. In July 2011, the company announced a new $2 billion share repurchase program, its third since October 2009, while increasing its quarterly dividend rate by 28.6 percent.

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• 09.26.2011

  Paper mill reopening possible

  AbitibiBowater is considering reopening a second shuttered Quebec paper mill after unionized workers in Dolbeau-Mistassini unanimously agreed to change their contracts.

  The Montreal-based company now needs to secure a government supply of fibre for at least five years and then address energy issues at the mill.

  Some 240 workers were employed at the mill's two specialty-grade commercial printing machines when production stopped in June 2009. It was permanently closed a year later, along with a newsprint mill in Gatineau.

  Each may reopen operating with just one paper machine.

  "This is in the possibility of restarting the mill as it is in Gatineau, but we're not there yet. It's a first step," said spokesman Pierre Choquette.

  As was the case in Gatineau, workers agreed to some sub-contracting of mechanics and workshop functions and other changes that don't affect wages, pensions or vacations.

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• 09.26.2011

  House Panel Approves Bill For Five-Day Postal Delivery

  A House of Representatives subcommittee approved legislation Wednesday to end Saturday mail delivery. The bill would drastically reduce the U.S. Postal Service’s workforce and its network of 32,000 post offices and processing plants.

  The bill would also phase out delivery to front-door mail slots as part of an overhaul of the Postal Service.

  What’s more, the bill, cosponsored by Reps. Darrell Issa (R-CA) and Dennis Ross (R-FL) would create a five-member board to assume control of the struggling Postal Service's finances if the agency misses any payment to the federal government. The UPSP has a $5.5 billion retiree healthcare payment due at the end of each September.

  The proposed board could also override union contracts and order layoffs to help the fiscal health of the USPS.

  President Obama earlier this week advocated the end of Saturday mail delivery.

  Hamilton Davison, executive director of the American Catalog Mailers Association, says Issa’s focus on excess postal costs is “exactly the correct focus. Facilities, plants, people and frequency all need to be a part of that.”

  As regrettable as losing delivery days or postal jobs is, Davison says, there are no viable alternatives. “Raising rates will only drive more mail out of the system, as everyone saw with the massive volume loss of catalogs following the 2007 rate hikes, and will cause far more private sector job loss in an industry that employs eight million Americans.”

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• 09.26.2011

  Espresso Book Machine Adds Harper Backlist

  On Demand Books’ Espresso Book Machine has had a difficult time gaining traction with just a couple of dozen booksellers using the printer, but the company hopes that will change now that it has reached an agreement with HarperCollins under which HC will make available over 5,000 trade paperback titles through the machine.
   
  Harper will begin making its trade paperbacks, both children and adult titles, available starting in November. Titles from Zondervan and HarperCollins Canada will be available early next year. Titles will be sold under the agency model and prices will be the same as regularly-printed books. Authors will receive a regular print royalty. Booksellers must stock some HC print editions to qualify for what HC calls its “Comprehensive Backlist” program. The number of print editions a store must stock will be determined by the size of the outlet. HC estimated that depending on the size of the store, physical stores carry between 25% and 80% of its backlist.
   
  HC is the first of the Big 6 trade houses to sign up with On Demand.
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• 09.26.2011

  Tronox Acquires Exxaro's Mineral Sands Operations

  Tronox Incorporated, a leading producer and marketer of titanium dioxide pigment, and Exxaro Resources Limited, a leading mineral sands producer of titanium dioxide feedstock and zircon, today announced a definitive agreement under which Tronox will acquire Exxaro’s mineral sands operations, which include Exxaro’s 50 percent interest in the Tiwest Joint Venture with Tronox in Western Australia, along with 74 percent of Exxaro’s KZN Sands and 74 percent of its Namakwa Sands operations in South Africa, in exchange for approximately 38.5 percent of Tronox’s equity. Exxaro’s mineral sands operations produce the key titanium bearing ore feedstock used in the production of titanium dioxide pigment.

  The combined entity will have approximately 3,500 total employees in 16 locations around the world. Combined trailing 12 month revenues were $2.0 billion and EBITDA was $495 million (excluding any synergies). With the addition of the 50 percent interest in Tiwest, Tronox’s production capacity will increase to approximately 465 thousand tonnes of titanium dioxide pigment and will be backward integrated with production capacity of approximately 95 thousand tonnes of natural rutile, approximately 380 thousand tonnes of slag and approximately 220 thousand tonnes of synthetic rutile all of which are materials that can be used in the production of titanium dioxide. In addition, Tronox will have the capacity to produce a number of other minerals including approximately 265 thousand tonnes of zircon and approximately 220 thousand tonnes of pig iron.

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• 09.26.2011

  Crude Oil Falls to Six-Week Low on Fears of Global Recession

  Oil sank to its lowest in more than six weeks, falling with other commodities and equities as a pledge by Group of 20 nations to tackle risks failed to ease concern the global economy is on the brink of another recession.

  Futures fell as much as 3.3 percent in New York, extending yesterday’s 6.3 percent decline. Brent crude in London slid as much as 1.9 percent as European equity markets reversed earlier gains. Prices may fall next week on concern economic growth will slow in the U.S. and China, a Bloomberg News survey shows.

  “Oil prices have reacted strongly to the deterioration of the economic environment,” Christophe Barret, a London-based analyst at Credit Agricole SA, wrote in a report today.

  Crude for November settlement on the New York Mercantile Exchange declined as much as $2.60 to $77.85 a barrel, the lowest price since Aug. 9, and was at $77.91 at 1:02 p.m. London time. Futures are down 11 percent this week, headed for their biggest drop since the five days ended May 6.

  Brent for November delivery fell $1.87, or 1.8 percent, to $103.62 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at premium of $25.71 to U.S. futures.

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• 09.26.2011

  Sonoco's Trident Division Enters into Alliance with Janoschka Group

  Sonoco announced today that its Trident division, which provides print tooling and global graphics management, has entered into a strategic alliance with Janoschka, a German-based global supplier of prepress solutions and tooling, to provide global consumer products goods companies and rotogravure printers with the widest coverage area available in the market.

  According to Bob Carroll, Trident general manager, the two companies will share technologies and communication systems to ensure global consumer products goods companies with fast, effective and consistent management of all their rotogravure tooling requirements.

  Based in Hull, England, Trident and its 450 associates operate global graphics management systems from nine locations across Europe, Asia and North America, and have print tooling capability in three locations in the United States and Canada.

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• 09.23.2011

  'It's make or break': East Millinocket mill to open Oct. 10

  The new owners of the local paper mill toured the facility Wednesday for the first time since buying it last week and announced plans to start filling a full year of orders with 215 workers by Oct. 10.

  With more than 500 job applications to review and an Oct. 30 deadline by which he needs his first order shipped, Great Northern Paper Co.’s new CEO said the mill would start ramping up next week. Mill managers will report to work Thursday and Friday. Another 50 workers eventually could be hired as other mill production resumes.

  “It is a very short window. It puts a lot of pressure on everybody,” said Richard Cyr, a senior vice president at the mill’s parent company, Cate Street Capital of Portsmouth, N.H. “It’s make or break.”

  “We are depending on the strength, conviction and ability of the region’s papermakers, their talent, to produce the paper,” he added. “Everyone will have to come together to make this work.”

  In one of his biggest economic development coups, Gov. Paul LePage finished work begun by his predecessor when he announced late Friday that Cate Street had bought the East Millinocket and Millinocket mills in escrow for an undisclosed price from Brookfield Asset Management. A final mill sale is expected Sept. 27.

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• 09.23.2011

  'Ebony,' 'Jet' Parent Takes A Bold New Tack

  Johnson Publishing Co., the black American icon based in Chicago, is hiring. It's a sharp turnaround for a company that saw circulation numbers and revenue for its flagship Ebony and Jet magazines plummet over a number of years. Those numbers are on the rise now, and company officials say questions about Johnson Publishing's ability to survive the turmoil in the media industry are no longer relevant.

  The CEO of Johnson Publishing, former White House Social Secretary Desiree Rogers, has been on the job now for just over a year. Rogers' job is to breathe new life into the company's magazines, along with its Fashion Fair Cosmetics line.

  "There's a new energy," Rogers says, "a new excitement and a new pace. We're taking what was and building on that to the next level."

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• 09.23.2011

  Oil Climbs After Sliding to Six-Week Low; Prices Head for Weekly Decline

  Oil rose from a six-week low in New York as investors speculated the biggest weekly drop in almost two months is exaggerated, while central bankers from the Group of 20 pledged to address risks to the global economy.

  Futures climbed as much as 1.6 percent after plunging 6.3 percent yesterday and dipping below $80 earlier today. Finance chiefs from the Group of 20 nations said they would address “heightened downside risks” from sovereign debt and slowing growth. Prices may fall next week on concern economic growth will slow in the U.S. and China, a Bloomberg News survey shows.

  “Markets sold off very aggressively yesterday,” said Mark Thomas, head of energy futures at Marex Group Ltd. in London. “That selling has run its course for the moment.”

  Crude oil for November delivery climbed as much as $1.30 to $81.81 a barrel in electronic trading on the New York Mercantile Exchange and was at $81.42 at 9:22 a.m. London time. The contract yesterday dropped $5.41 to $80.51, the lowest settlement since Aug 9. Prices are down 7.4 percent this week.

  Brent oil for November settlement gained $1.28, or 1.2 percent, to $106.77 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at premium of $25.32 to U.S. futures, compared with a record $26.87 on Sept. 6, based on November settlement prices.

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• 09.23.2011

  SKI Magazine Celebrates 75 Years with Special Anniversary Issue

  SKI, the largest publication devoted to winter lifestyle, commemorates its 75th anniversary with a special themed issue this October. The magazine, published by Bonnier Corp., hits newsstands Sept. 27.

  For winter travel enthusiasts and avid skiers, the issue includes a decade-by-decade history of skiing, 75 years in photos and a forward-looking feature in which SKI asks industry leaders to predict the next 75 years in the mountains.

  Additionally, on Saturday, Oct. 15, SKI will convene a who's who of industry VIPs at a 75th birthday celebration hosted in conjunction with its Resort Awards Gala. The event will take place at The Arete in Boulder, Colo., and will be hosted by SKI's editorial director, Greg Ditrinco.

  Seventy-five years strong, SKI increased its rate base from 400,000 to 450,000 in 2010 and has brought 70-plus advertisers into the magazine in 2010-2011 to date.

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• 09.23.2011

  EPA Launches Green Product Web Portal

  The U.S. Environmental Protection Agency has launched a green products web portal that can help manufacturers find information on standards and criteria for designing greener products.

  On the new tool’s home page, which was launched to coincide with pollution prevention week (September 19-25, 2011), businesses can choose what category of product they are seeking help with and click through to EPA advice on what programs are applicable for that product. Companies can then find out at performance specifications the product must meet to join the program.

  Consumers can also use the site to find electronics and appliances that have earned EPA’s Energy Star label, WaterSense products that help save energy and water, and cleaning products bearing the EPA Design for the Environment label.

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• 09.23.2011

  FedEx Express to Increase Shipping Rates

  FedEx Corp. will increase shipping rates for FedEx Express by a net average of 3.9% for U.S. domestic, U.S. export and U.S. import services effective January 2, 2012.

  The full average rate increase of 5.9% will be partially offset by adjusting the fuel price threshold at which the fuel surcharge begins, reducing the fuel surcharge by two percentage points.

  The FedEx Ground and FedEx SmartPost pricing changes for calendar 2012 will be announced later this year.  FedEx Freight implemented a 6.75% general rate increase on Sept. 6, 2011.

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• 09.23.2011

  FedEx Corp. Reports Higher Revenue and Earnings

  FedEx Corp. today reported earnings of $1.46 per diluted share for the first quarter ended August 31, compared to $1.20 per diluted share a year ago, a year-over-year increase of 22%.

  “Revenue and earnings increased significantly in the quarter due to strong FedEx Ground performance, improved FedEx Freight results and the continued success of the company’s yield management actions,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. “While the economic environment is challenging, we remain confident FedEx will improve earnings, margins and cash flows this fiscal year.”

  FedEx Corp. reported the following consolidated results for the first quarter: Revenue of $10.52 billion, up 11% from $9.46 billion the previous year; Operating income of $737 million, up 17% from $628 million last year;  Operating margin of 7.0%, up from 6.6% the previous year; Net income of $464 million, up 22% from last year’s $380 million.

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• 09.23.2011

  Garden & Gun Boasts Largest Advertising Issue Ever

  Garden & Gun has a long history, despite only launching in April 2007.

  After a near death experience in January 2009 when previous publisher Evening Post Publishers Co. pulled out its five-year agreement with the magazine (and the departure of editor Sid Evans in July 2011), Garden & Gun is today touting its largest issue ever with ad pages up 160 percent year-over-year for the October/November issue.

  Meanwhile, ad pages are up 160 percent. FOLIO: spoke with G & G publisher Barbara Bing about the success, and the strategies that increased ad spending both in print and online.

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• 09.23.2011

  Thumb Media Group Unveils Upgrades to Mozine Platform

  Thumb Media Group®, developer of the MOZINE® mobile publishing solution and part of the Fry Family Network™, is pleased to announce several improvements to the platform. These upgrades improve the MOZINE® experience for the reader and also impact the profitability of offering the MOZINE® for the publisher.

  For the consumer, all of the upgrades add up to a much faster and more user-friendly experience. Download speeds and load times between pages are greatly improved, the content is now available for offline viewing and a sleek new image gallery layout has been developed. 

  “The improvement in reader experience is tremendous,” said Jared Katzman, VP of Sales and Marketing at TMG. “Reader expectations in terms of load times and app features continue to grow, and the developers at TMG have kept pace with those expectations.”

  On the publisher side, TMG simplified and streamlined the workflow required to “mobilize” publisher content.  Using proprietary screen scraping technology, TMG grabs and formats content properly for all major mobile screens. 

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• 09.23.2011

  H.B. Fuller Enters Strategic Partnership with Graco to Offer Innovative Packaging Sealing System

  H.B. Fuller Company now offers a unique adhesive and equipment system for the packaging industry utilizing its recently acquired Liquamelt® adhesive technology. To provide specialized fluid handling equipment that will pump, process and dispense innovative Liquamelt adhesive, H.B. Fuller has partnered with Graco Inc. (NYSE: GGG). The adhesive and equipment system has been tested extensively with customers and will be demonstrated to the packaging industry for the first time at PACK EXPO 2011, September 26-28.

  The Liquamelt system is an alternative to both conventional hot and cold adhesive systems that brings many advantages to the packaging market. This unique system may reduce adhesive use by more than 50 percent compared with traditional hot melt adhesive technologies. Liquamelt adhesive also provides environmental benefits with its formulation that consists of 40 percent sustainable raw materials. Providing "Cool on Delivery, Hot on Demand" technology, the Liquamelt system eliminates the need for hot tanks and hoses while reducing energy consumption, compared with conventional hot melt systems.  

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• 09.23.2011

  Association of American Publishers Supports Banned Books Week

  Book censorship violates First Amendment rights and constrains people’s inherent curiosity about the world around them, the Association of American Publishers noted in its support of national Banned Books Week, September 24-October 1. AAP also pointed to the internet and social media as valuable tools to provide readers, particularly parents, with rich information about content.

  AAP, the trade association for the US publishing industry, is one of the 10 organizations sponsoring the popular annual event celebrating the freedom to read and the importance of the First Amendment.

  Many AAP member publishing houses are also recognizing Banned Books Week with special web content and publications, social media, author essays, events and supplemental materials for librarians and teachers.

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• 09.23.2011

  The UPS Store and U.S. Postal Service Team Up to Promote Small Business

  The UPS Store ® and the U.S. Postal Service ® are working together to provide small businesses with a new, cost-effective direct mail program.

  By identifying geographic areas by city, neighborhood or a specified distance from their businesses, the U.S. Postal Service's Every Door Direct Mail-Retail (EDDM Retail or EDDM-R) service allows small businesses to advertise to every delivery address in their target markets without the need for a mailing list. 

  "When it comes to marketing, it is important for small businesses to make it local," said Stuart Mathis, president of Mail Boxes Etc., Inc., franchisor of The UPS Store. "By working with the U.S. Postal Service, The UPS Store franchise network now provides one convenient destination for the small business community to effectively and efficiently communicate with their target audiences."

  The EDDM-R program allows small business customers to work with their local The UPS Store center to print and distribute high-quality direct marketing pieces to every address in a designated neighborhood.

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• 09.23.2011

  KapStone to Acquire U.S. Corrugated

  KapStone Paper and Packaging Corporation today announced that it has signed an agreement to acquire the stock of U.S. Corrugated, Inc. ("USC") for $330 million in cash and subject to certain post-closing adjustments. Closing of the acquisition is subject to a number of customary conditions, including regulatory review and receipt of financing.

  USC operates a 240,000 ton recycled containerboard paper mill in Cowpens, SC and 20 converting facilities in the eastern and mid-western United States. Six of such operating facilities will be disposed of by USC prior to the closing. Those facilities will remain under the management and control of Dennis Mehiel, Chairman of the Board and current majority stockholder of U.S. Corrugated. USC has been successful in creating strong, long-term customer relationships resulting from outstanding service, quality and innovation. In 2010, the operations to be acquired from USC generated $423 million in net sales.

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• 09.23.2011

  Oji Paper To Buy Out Brazil's Fibria Copy Paper Unit

  Oji Paper Co. said Thursday it will acquire a copy paper maker under Brazil's Fibria Celulosa S.A. (FBR), the world's leading pulp and paper maker, Kyodo News reported.

  Oji Paper will purchase later this month from Fibria all shares in Piracicaba Industria de Papeis Especiais e Participacoes Ltda. for Y24 billion.

  The Brazilian company, with an annual output capacity of 120,000 tons, will serve as a South American base for Oji, which has copier and printer paper manufacturing units in Asia, Europe and North America.

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