Paperclips Blog | Fraser Papers Results

  • 10.24.2011

    Ahlstrom interim report January-September 2011: Decline in demand impacted performance

    Continuing operations July-September 2011 compared with July-September 2010: Net sales EUR 389.7 million (EUR 413.0 million). Operating loss EUR 17.3 million (EUR 14.1 million profit) and operating profit excluding non-recurring items EUR 8.0 million (EUR 13.8 million). Operating margin excluding non-recurring items 2.0% (3.3%). Loss before taxes EUR 24.4 million (EUR 5.7 million profit). 
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  • 10.24.2011

    Crude Oil Advances a Second Day on Japanese Exports, European Debt Meeting

    Oil gained for a second day in New York as European leaders made progress with their debt rescue fund, while economic data from Asia signaled that growth is holding up in the region’s two biggest crude consumers.

    Futures climbed as much as 1.4 percent after reports showed Japanese exports rose more than forecast last month and Chinese manufacturing may expand at the fastest pace in five months in October. Europe may agree on a blueprint to rein in the debt crisis at an Oct. 26 summit after leaders yesterday said they’ll aid banks.

    “The narrative is that weak demand in developed economies is more than offset by burgeoning demand in developing ones,” said Christopher Bellew, a senior broker at Jefferies Bache Ltd. in London, who last month correctly predicted Brent prices wouldn’t remain below $100 a barrel. “Chinese demand growth is likely to prevent prices from falling through the floor.”

    Oil for December delivery was at $87.86 a barrel, up 46 cents on the New York Mercantile Exchange at 11:38 a.m. London time. Prices are down 3.9 percent this year.

    Brent crude for December settlement advanced 76 cents, or 0.7 percent, to $110.32 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract traded $22.46 higher than New York futures, compared with a record settlement of $27.88 on Oct. 14.

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  • 10.24.2011

    RDA Puts Allrecipes on the Block

    In another step for its “master brand strategy”, the Reader’s Digest Association is exploring a possible sale of its Allrecipes property. The 14-year-old food site sees 24 million uniques monthly, and already has 9 million downloads of its app offerings. RDA bought the brand in 2006 for an estimated $66 million, under former RDA president/CEO Eric Schrier’s tutelage.

    According to a company press release, “RDA stated that there can be no assurance that this strategic review process will result in a sale. Morgan Stanley and Evercore Partners are acting as financial advisors to assist the Company with the strategic review process.”

    This potential sale follows closely in the tracks of RDA’s announcement that it was fielding offers for struggling Every Day With Rachael Ray; on the same day, Meredith Corp. made its own announcement it agreed in principle to buy the print and digital assets of the magazine from RDA.

    However, RDA president, North America Dan Lagani told FOLIO: at the time, “We've had very good conversations with Meredith. It's a little premature; we're not across the finish line, but I would say conversations have been positive."

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  • 10.24.2011

    Kimberly-Clark Announces Third Quarter 2011 Results

    Total company sales of $5.4 billion increased 8 percent compared with the third quarter of 2010. Organic sales rose 4 percent, driven by higher net selling prices of 3 percent and slightly improved product mix and sales volumes. Volumes benefited from product innovations and targeted growth initiatives, but were negatively impacted by softer-than-expected demand in portions of North America and Europe. Changes in foreign currency exchange rates increased sales by 4 percent.

    Operating profit was $662 million in the third quarter of 2011, down 5 percent from $698 million in 2010. Adjusted operating profit was $757 million in the third quarter of 2011. Adjusted results in the third quarter of 2011 exclude $95 million of costs for the pulp and tissue restructuring. Results benefited from sales growth and $90 million in cost savings from the company's FORCE (Focused On Reducing Costs Everywhere) program. Meanwhile, inflation in key cost inputs amounted to approximately $150 million overall versus 2010, including $110 million for raw materials other than fiber, primarily polymer resin and other oil-based materials, $20 million for energy, $15 million in distribution costs and $5 million in fiber costs. Lower production volumes in 2011 to manage inventory levels adversely affected operating profit comparisons by $30 million. Marketing, research and general expenses in the third quarter of 2011 increased somewhat compared to 2010, but fell as a percent of net sales, reflecting the company's focus on reducing overhead spending, along with significant year-ago marketing spending.

    Other (income) and expense, net was $17 million of income in the third quarter of 2011, driven by the sale of a small, non-core business in Latin America and foreign currency transaction gains. Prior year other (income) and expense, net was $7 million of expense.

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  • 10.24.2011

    McClatchy Reports Third Quarter 2011 Earnings

    The McClatchy Company today reported net income in the third quarter of 2011 of $9.4 million, or 11 cents per share.  The company's earnings in the third quarter of 2010 were $11.9 million, or 14 cents per share.

    Revenues in the third quarter of 2011 were $300.2 million, down 8.4% from revenues of $327.7 million in the third quarter of 2010. Advertising revenues were down 10.0% from 2010 and circulation revenues were down 3.5%.

    Cash operating expenses in the third quarter, excluding restructuring costs, declined 7.9% from the 2010 third quarter. Operating cash flow, a non-GAAP measure, was $76.9 million, down 9.9% from the third quarter of 2010.

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  • 10.21.2011

    Oil Advances Amid Speculation European Rescue Fund May Ease Debt Crisis

    Oil advanced in New York as European leaders prepared for talks on how to bolster a rescue fund that will ease the debt crisis threatening the region’s economy.

    Futures climbed as much as 1.3 percent, paring a weekly loss. Europe may deploy as much as 940 billion euros ($1.3 trillion) to fight the debt crisis, two people familiar with discussions said. U.S. crude inventories dropped to a 20 month- low this week, tumbling to the five-year seasonal average for the first time since July 2010.

    “The fundamentals are far tighter than they were in 2008,” said Amrita Sen, an oil analyst at Barclays Plc in London. “The current geopolitical context creates significant tail risks in a world with such limited spare capacity.”

    Crude for December delivery gained as much as $1.08 to $87.15 a barrel in electronic trading on the New York Mercantile Exchange and was at $86.86 at 12:36 p.m. in London. The contract yesterday fell 0.3 percent to the lowest close since Oct. 13. Front-month futures are down 0.6 percent this week and 5.7 percent lower this year.

    Brent oil for December settlement traded at $109.80 a barrel, up 4 cents on the London-based ICE Futures Europe exchange. The North Sea crude’s premium to the U.S. benchmark narrowed amid speculation that Muammar Qaddafi’s death will increase Libyan output. The European benchmark contract was $23 more than New York futures, compared with yesterday’s close of $23.69 and a record of $27.88 on Oct. 14.

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  • 10.21.2011

    Stora Enso Interim Review January-September 2011

    EUR 204 million quarterly operating profit excluding NRI and fair valuations, EUR 51 million lower year-on-year due to cost inflation and unfavourable exchange rates, partially offset by clearly higher sales prices.
    Profit before tax negatively impacted by EUR 128 million NRI related to NewPage.
    Strong quarterly cash flow after capital expenditure at EUR 282 million due to working capital management, liquidity improved at EUR 1 181 million.
    Production curtailments to control inventory levels increased in Q3 and will continue in Q4.
    Q4 operating profit excluding NRI and fair valuations forecast to be somewhat lower year on year.
    Completed Inpac acquisition, Montes del Plata project and containerboard investment in Poland progressing as planned.
    Strong financial and cash position gives a solid platform to pursue selected growth.
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  • 10.21.2011

    Stora Enso CEO Jouko Karvinen comments on third quarter 2011 results announced today

    We finished the third quarter as planned. The business areas performed as expected, but associated companies underperformed, essentially due to currency impact.

    “In July we forecast rapidly increasing economic uncertainty and the need to plan for alternative demand scenarios going forward. We described the early signs of weakening demand and sales channel inventory reductions in Fine Paper and Wood Products. Whereas we see for example in coated fine paper stabilisation after inventory corrections, it is clear that going into the fourth quarter our customers, as well as ourselves, will reduce inventories and therefore we will further step up the manufacturing curtailments which we already increased significantly in the third quarter. If temporary lay-offs are planned, they will be subject to co-determination negotiations.

    “As before, in a rapidly changing business environment our priorities are clear: cash preservation, defending our margins through active capacity management, minimising the number of underutilised assets by product swaps and continued cost-efficiency actions. The good news is that we are now in a stronger position than a few years ago due to lower fixed costs. We have enhanced flexibility through outsourcing and other means of decreasing the negative earnings impact of reduced demand. This path of improvements in costs and productivity, but also flexibility is one we will continue to follow.

    “Looking further ahead, our current strategic projects - the Montes del Plata pulp mill in Uruguay, the Ostroleka containerboard machine in Poland and the cross-laminated timber investment in Austria - are proceeding according to plan. Inpac acquisition was completed in the third quarter. Our strong balance sheet and cash position gives us a solid platform to pursue our future in our selected growth areas.”

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  • 10.21.2011

    Final Sept US printing & writing paper stats (AF&PA, UBS)

    Final US printing/writing stats were released after the close. The data was incrementally weaker than recent months, but does not reflect a collapse. Shipments fell 8.1% y/y (-5.7% ytd); the Sept comp was the easiest this year. Imports rose sharply sequentially (11%) but fell 9% y/y. Inventories fell about 2% sequentially and the shipment/inventory ratio was fairly stable, at a healthy level.

    Uncoated free sheet shipments fell 4.7% y/y (-3.0% ytd); posting the weakest trend since Feb. Imports rose 25% m/m (+8% y/y). Inventories rose 4kt (normal -3kt). The shipment/inventory ratio fell sharply m/m, but was still slightly better than the 12-mo rolling avg. Data raises some flags, but market balance is still manageable.

    Coated free shipments fell 4% y/y (-5.1% ytd) but represented the highest level since Sept-10. Inventories fell 17kt, less than normal. But this brings inventories to lowest level since Nov-10. Imports were below recent trend. Coated groundwood shipments fell 12.7% y/y (-8.1% ytd). Imports rose 25% m/m but fell y/y. Inventories fell 10.7% (in line with normal) but remain high. Uncoated groundwood shipments fell 20.1% y/y (-11.8% ytd). Shipments were lowest level since Dec-09. While higher than recent trend, net imports fell 7% y/y.

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  • 10.21.2011

    Creation of Meredith-Iris Global Network Offers Expanded Services for International Clients

    Meredith Corporation today announced a strategic investment in London-based iris Worldwide, one of the world's most successful international marketing agencies. The new relationship with iris enables Meredith to offer global marketing solutions to new and existing clients.

    Meredith today also unveiled Meredith Xcelerated Marketing (MXM) - a new brand identity for Meredith Integrated Marketing. The updated market positioning reflects MXM's ability to create content-fueled, high-velocity marketing programs using a data-driven strategic process that significantly builds customer value and loyalty across multiple channels.

    "In today's rapidly evolving marketplace, Brand and Customer Relationship Management (CRM) leaders are constantly searching for partners who can create and deliver innovative marketing solutions across a wide spectrum," says Martin Reidy, President of Meredith Xcelerated Marketing. "Increasingly, they are looking for companies with a global reach, too. MXM possesses the optimal mix of services and innovation to benefit clients on a global scale thanks to our investment in iris, and our new branding reflects the capabilities we've developed over the last five years."

    The investment in iris Worldwide gives MXM a global platform to serve its many blue-chip clients, and further enhances its ability to provide customized marketing solutions across multiple channels and markets. In addition to its strengths in advertising, digital, print, public relations and CRM, iris Worldwide brings expertise in retail/shopper and experiential marketing to MXM's growing mix of expertise.

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  • 10.21.2011

    Ahlstrom completes the divestment of its Home and Personal business area

    Ahlstrom Corporation, a global high performance materials company, and Suominen Corporation have confirmed the closing of the divestment of Ahlstrom's wipes fabrics, the Home and Personal business area, to Suominen Corporation on October 20, 2011. The business will be transferred on October 31, 2011, except for the Brazilian part of the business, which is estimated to be transferred in the first quarter of 2012.

    The transaction was signed on August 4, 2011, and the total value of the transaction is approximately EUR 170 million. Following the transaction, Ahlstrom becomes the largest shareholder in Suominen with a 27.1% stake. Ahlstrom has committed not to decrease its ownership in Suominen below 20% for a maximum of two years.

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  • 10.21.2011

    YTC Media To Resurrect Folded Penton Mag Paper, Film & Foil Converter

    In August, Penton Media announced it would be shuttering converting and package-printing magazine Paper, Film & Foil Converter [PFFC]. The magazine had an 84- year run: it debuted as The Envelope Industry in 1927 before rebranding as PFFC in 1953.

    With its August issue marked as its last, and its digital properties only supposed to run through September, Penton SVP of strategy & development Warren Bimblick told FOLIO: at the time, “The reality was we tried as hard as we could but if you're trying to grow the company you have to look at marginal products and refine the portfolio. The virtue of Penton is that we are highly diversified but sometimes diversification with small brands that don't have a growth profile is a bad thing.”

    This goodbye has since proven premature, as Chicago-based company YTC Media, Inc. has acquired the PFFC property. Much of PFFC’s original staff remains intact: Yolanda Simonsis will return as editorial director and will act as president; Timothy Janes will serve as vice president of online sales; and Claudia Hine will once again be PFFC’s managing editor.

    According to a PFFC press release, the website will continue to be updated daily. A weekly publication schedule will begin on November 1 with PFFC’s E-Clips e-newsletter, and a bi-monthly product-focused E-Xpress e-newsletter relaunching in 2012.

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  • 10.21.2011

    Portucel Announces Results for Third Quarter 2011

    The Portucel Group recorded consolidated sales in the first nine months of 2011 of € 1 095.9 million, representing growth of 9.2% over the same period in 2010. This growth resulted from positive performance in the Group’s UWF paper business (uncoated woodfree printing and writing paper), in terms of both quantities sold and sales prices, and also from growth in energy sales.

    Output of UWF paper from the new paper mill in Setúbal has continued to rise as anticipated, resulting in an increase in the quantities placed on the market. This growth in sales of UWF paper combined with a recovery in sales prices – the benchmark index for the European market, PIX Copy B, published by Foex, was up by an average of 8.6% on the same period in 2010 – resulted in an increase of approximately 12% in the value of paper sales in relation to the first nine months of 2010.

    With increased integration of bleached eucalyptus kraft pulp (BEKP) into production at the new UWF paper mill in Setúbal, the Group recorded a slight reduction in pulp sales in relation to the first nine months of the previous year. The drop in sales, combined with lower pulp prices during the period, resulted in a reduction of approximately 12% in the value of pulp sales.

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  • 10.21.2011

    The New York Times Company Reports 2011 Third-Quarter Results

    The New York Times Company announced today 2011 third-quarter diluted earnings per share from continuing operations of $.10 compared with a diluted loss per share from continuing operations of $.03 in the same period of 2010. Excluding severance and the special items discussed below, diluted earnings per share from continuing operations were $.05 in the third quarter of 2011 compared with $.07 in the third quarter of 2010.

    The Company had an operating profit of $33.0 million in the third quarter of 2011 compared with an operating profit of $9.0 million in the same period of 2010. Excluding depreciation, amortization, severance and the special items discussed below, operating profit increased 5.5 percent to $65.5 million from $62.0 million in the third quarter of 2010.

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  • 10.21.2011

    KapStone Paper and Packaging Corporation Ranked 10th Best Small Company in America by Forbes

    KapStone Paper and Packaging Corporation announced that they have ranked 10th overall on Forbes's annual list of the 100 Best Small Companies according to the rankings included in the November 5, 2011 issue. Forbes determined the rankings based upon return on equity, growth of earnings and sales, and the relative stock performance of each company as compared with that of its peers over the past 12 months and over 5 years.

    Roger Stone, Chief Executive Officer, commented, "We are very pleased with the recognition from Forbes as the 10th best small company in America, and we will strive to maintain the quality and momentum of our growth with the completion of our latest acquisition of U.S. Corrugated."

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  • 10.21.2011

    Phoenix Group Acquires Certain Assets of All Out, Opens Midwest Facility

    The Phoenix Group announced the opening of a new Midwest facility, based in the Greater Chicago metro area. The newest member of the group (#68 with $55 million in sales on the 2010 Printing Impressions 400 list) will be doing business as Phoenix-Veterans Print.

    In connection with the opening, Phoenix has acquired the operating assets of All Out (Woodridge, IL) and hired several of its top executives to manage the new business. James J. Capuano, a decorated Marine Corps combat disabled veteran, will serve as CEO and president of the new venture. His son, James B. Capuano, will serve as executive vice-president of sales. Phoenix Group Chairman Barry Green will also serve as chairman of Phoenix-Veterans Print.

    Commenting on the acquisition, Green stated, “We are very excited to be expanding our services to the Chicago area in the form of large-format presses with UV printing and UV coating. The addition of the talents of Jim and J.B. positions us to duplicate in the Midwest the success we’ve enjoyed on the East Coast. Combining the operational and sales talents of the Capuanos with the financial resources and wide-ranging capabilities of the Phoenix Group will allow our new operation to continue to exceed customer expectations.”

    The new Chicago operation will boast the availability of two 56" KBA Rapidas presses, including a six-color plus UV machine that is capable of printing on substrates from 50-lb. uncoated to 48-pt. board and plastic. It also has as a KBA Genius 52 UV waterless offset press. 

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  • 10.21.2011

    EFI Reports Q3 2011 Results

    Electronics For Imaging, Inc., a world leader in customer-focused digital printing innovation, today announced its results for the third quarter of 2011. For the quarter ended September 30, 2011, the Company reported revenue of $147.3 million, up 14% year-over-year compared to third quarter 2010 revenue of $129.0 million.

    For the third quarter of 2011, non-GAAP net income was $11.6 million or $0.25 per diluted share, compared to non-GAAP net income of $10.7 million or $0.23 per diluted share for the same period in 2010.
    For the third quarter of 2011, GAAP net income was $6.1 million or $0.13 per diluted share, compared to GAAP net income of $13.4 million or $0.29 per diluted share for the same period in 2010.
    For the nine months ended September 30, 2011, non-GAAP net income was $36.4 million or $0.76 per diluted share, compared to non-GAAP net income of $14.5 million or $0.31 per diluted share for the same period in 2010.
    For the nine months ended September 30, 2011, GAAP net income was $16.0 million or $0.34 per diluted share, compared to GAAP net loss of $(0.6) million or $(0.01) per diluted share for the same period in 2010.

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  • 10.20.2011

    Södra: Interim report January-September 2011

    Södra's operating profit for the first nine months of the year amounted to SEK 879 million (SEK 1,994 million for the same period last year), which is equivalent to a return of 11 (27) per cent on capital employed. The difference of SEK 1,115 million in operating profit compared with the same period last year is explained by higher timber costs, adverse exchange rate effects, lower delivery volumes and the fire at Södra Cell Mönsterås, combined with a weak market for sawn timber products.

    The pulp market was characterised by prices that remained buoyant, compared with historical levels. Lower prices in dollars over the period was compensated for by a stronger dollar against the krona. The accumulated average price over the first three quarters of the year amounted to USD 983 per tonne for bleached softwood sulphate pulp and USD 853 dollar per tonne for hardwood pulp.

    Producers' stocks of pulp increased over the quarter, with levels of short fibre pulp seeing the biggest increase. European customers' stocks of purchased pulp remained at historically low levels.

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  • 10.20.2011

    Publisher Says Apple's "Newsstand" Increased Digital Magazine Sales 750%

    The Apple Newsstand launched with iOS 5 last week, and it is already having a big effect on publishers.

    Future Publishing, a United Kingdom-based company that sells 3.2 million print magazines a month and specializes in technology and video game magazines, reported a 750% increase in the number of sales, according to The Next Web.

    In fact, the "magazine publisher see its normal monthly sales eclipsed in just four days."

    And that's not a small number.

    Between October 13 and October 17, users downloaded one of Future Publishing's 50 titles more than two million times.

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  • 10.20.2011

    Oil Rebounds on Speculation EU Will Reach Agreement to Help Fight Crisis

    Oil rebounded on speculation that European Union leaders will reach agreement on enhancing their rescue fund and help fight the region’s debt crisis.

    Futures gained as much as 1.2 percent in London and 1 percent in New York after European Commission President Jose Barroso said government leaders may reach a “very positive outcome” at a meeting this weekend in Brussels. Prices fell earlier as divisions emerged between France and Germany on the bail-out strategy. U.S. fuel consumption fell last week, according to data released yesterday by the Energy Department.

    “These are political markets right now,” said Carsten Fritsch, an analyst in Frankfurt at Commerzbank AG. The bank was the fourth most-accurate forecaster of Brent prices in the third quarter. “So oil could be moving on rumors regarding the upcoming EU summit.”

    Brent oil for December settlement rose as much as $1.25 to $109.64 a barrel and was at $109.26 at 11:15 a.m. on the ICE Futures Europe exchange in London. It earlier fell as much as 0.7 percent to $107.65 a barrel.

    On the New York Mercantile Exchange, West Texas Intermediate crude for December delivery, the most-actively traded contract, gained 41 cents to $86.70 a barrel. Yesterday it fell $2.24 to $86.29, the lowest settlement since Oct. 13. November futures, which expire today, were at $86.50.

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  • 10.20.2011

    HP Delivers Improved Productivity, Versatility with New Wide-format Graphics Systems

    HP today unveiled additions to its HP Scitex digital wide-format graphics portfolio, offering print service providers (PSPs) higher productivity, the versatility to handle more applications and the ability to meet the growing demand for short runs more quickly.

    The new offerings include:

    The HP Scitex FB7600 Industrial Press, with new HP FB225 Scitex Inks, workflow improvements for increased productivity and versatility and an optional multisheet loader.
    The 16.6-foot (5-m) HP Scitex XP5500 Industrial Printer with new billboard print modes, industry-leading print speeds(1) and unprecedented ink coverage.
    The 10.5-foot (3.2-m) HP Scitex XP2500 Industrial Printer, which delivers up to 15 percent more throughput than its predecessor.
    Enhanced HP Scitex Print Care offerings for the new printers to help customers maximize uptime and serviceability.(2)
    EskoArtwork i-cut Suite, a print-to-cut workflow solution enhanced for HP Scitex printers, from HP Solutions Business Partner ESKO.

    “As the leader in industrial wide-format graphics, HP is helping customers transition from analog to digital printing and take advantage of higher value pages to further grow their businesses,” said Xavier Garcia, general manager, Scitex Wide-format Solutions, HP. “With today’s introductions, our customers can go after these pages with the confidence that HP digital solutions will deliver the productivity, versatility and reliability they demand.”

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  • 10.20.2011

    Royle Printing Awarded Sustainable Manufacturing Initiative of the Year

    Royle Printing was awarded The Business Sustainability Award for Sustainable Manufacturing Initiative of the Year from InBusiness Magazine. This award recognizes a manufacturer's commitment to creating processes that positively impact the environment. These awards were introduced in 2010 to recognize companies making strides in sustainability that are not only good for the environment, but also wise business decisions.

    This year’s judges were Wyllys Mann, Former Director of the Green Business Development Center at the Delta Institute and Current Project Consultant at Hispanic Housing Development Corporation, and Andrew Pace, Founder/Owner of the Green Design Center in Waukesha. The judges expressed that “Royle Printing has implemented on a comprehensive efficiency program from capital improvements to operations to product line. This kind of approach to sustainability has led to significant savings throughout the organization and been measured properly in order that they can continue to improve. A model of the approach SMEs should be taking to sustainability.”

    For years Royle Printing has made significant investments in technology, process improvements and relationships with our key suppliers; ensuring that we stay focused on our charge to be green. From installing a heat exchanger onto the Regenerative Thermal Oxidizing unit to utilizing agri-based inks which are made from non-toxic soy and vegetable oils, Royle Printing’s sustainable manufacturing efforts make considerable environmental savings.

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  • 10.20.2011

    The McGraw-Hill Companies Reports $1.21 Diluted EPS from Continued Operations in 3Q

    The McGraw-Hill Companies today reported diluted earnings per share of $1.21 from continuing operations in the third quarter of 2011 versus adjusted earnings per share of $1.21 for the same period last year.

    Net income from continuing operations in the third quarter declined 2.1% to $366.7 million, as compared to the prior year's adjusted results primarily due to a decline in the education market and a decrease in global credit markets. Revenue was off 2.5% to $1.9 billion in the third quarter compared to the same period last year.

    Third quarter results in 2011 and 2010 reflect the reclassification of the Broadcasting Group as a discontinued operation. The company announced on October 3 that it had signed a definitive agreement to sell the Broadcasting Group to E.W. Scripps for $212 million in cash. The deal is expected to close in 2012.

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  • 10.20.2011

    FutureMark “Green Clean” Technology Creates Brighter Recycled Paper with Far Fewer Chemicals

    FutureMark® Paper Company, the only North American manufacturer capable of making up to 100-percent recycled coated paper for magazines and catalogs, introduced two new products today made with an innovative “Green Clean” process that delivers  world-class brightness ratings for high-recycled paper while greatly reducing the use of harsh chemicals traditionally used in paper production.

    FutureMark Paper’s innovative Green Clean technology enables embedded inks to be extracted from waste paper more efficiently and effectively.  It is projected to reduce the company’s use of de-inking chemicals, such as caustic soda and peroxide by up to 30 percent.  Additionally, FutureMark Green Clean technology will also enable the company to increase the percentage of post-consumer waste (PCW) used in most of its recycled publication papers.  FutureMark coated publication papers currently average more than 90 percent total recycled content and 30 percent PCW—the highest by far from any major North American producer.

    By combining Green Clean technology with modifications to the company’s manufacturing process and product formulation, FutureMark Paper achieved a remarkable 85 brightness rating for its two new products:  Future Choice®85 Matte publication paper and Future ReMark® 85 label paper.

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  • 10.20.2011

    Coldwater Creek Announces Pricing of Public Offering of Common Stock

    Coldwater Creek Inc. today announced the pricing of its underwritten public offering of 26,500,000 shares of its common stock at a price to the public of $0.85 per share. The offering is expected to close on October 24, 2011 subject to customary closing conditions. The Company also granted the underwriter a 30-day option to purchase up to an additional 3,975,000 shares of common stock. After deducting the underwriting discount and estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $21,061,388 assuming the underwriter does not exercise its option to purchase additional shares of common stock. All of the shares are being offered by the Company.

    The Company intends to use the net proceeds of the offering for working capital and other capital expenditures, which may include investments in its marketing strategy and supply chain, as well as other general corporate purposes.

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  • 10.20.2011

    Temple-Inland Inc. Reports Third Quarter 2011 Results

    Temple-Inland Inc. today reported third quarter 2011 net income of $6 million, or $0.05 per diluted share, compared with second quarter 2011 net income of $19 million, or $0.17 per diluted share, and third quarter 2010 net income of $125 million, or $1.13 per diluted share. Third quarter 2011 net income excluding special items was $21 million, or $0.18 per diluted share.

    Corrugated Packaging segment operating income for third quarter 2011 was $84 million. The pre-tax cost of the previously disclosed operational upset at the Bogalusa paper mill was approximately $20 million in the quarter, $5 million of which is included in special items. Total mill downtime in third quarter 2011 was 58,000 tons, 54,000 tons of which was at the Bogalusa mill. Compared with second quarter 2011, recycled fiber and chemical costs were higher while costs for wood, freight and energy were lower. Box shipments were seasonally lower in the third quarter compared with the second quarter. Compared with third quarter 2010, recycled fiber, freight, chemical and energy costs were higher while the Company benefited from Box Plant Transformation II and lower virgin wood costs.

    Building Products segment operating results improved in third quarter 2011 compared with second quarter 2011 primarily due to higher gypsum and particleboard prices. Operating results improved in third quarter 2011 compared with third quarter 2010 primarily due to higher gypsum and particleboard prices and higher particleboard volumes.

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  • 10.19.2011

    Mill starts producing paper in East Millinocket

    With 215 papermakers on its payroll, the new Great Northern Paper began producing virgin newsprint to fill its first order at 6 a.m. Monday, a company spokesman said.

    Though smoke had begun to pour from the paper mill’s stack on Friday — company workers were testing the mill’s boiler system — and workers filled the woodyard steadily throughout last week, Monday was the revitalized mill’s first real day of full operations, spokesman Scott Tranchemontagne said.

    “It feels wonderful and gratifying,” Tranchemontagne said. “Like I said throughout the whole process, there is a real spirit of teamwork. There were a lot of people involved in making it happen. To have 215 people who really want to work be able to come to work is a great thing.”

    Gov. Paul LePage announced on Sept. 16 that GNP parent company Cate Street Capital of Portsmouth, N.H., had consummated negotiations with former mill parent company Brookfield Asset Management of Toronto and purchased in escrow the East Millinocket and Millinocket paper mills for an undisclosed amount. The final sale occurred later that month.

    The sale ended months of speculation that began when Brookfield closed the mill on April 1 as to whether the Katahdin region would ever again be a home to papermaking. East Millinocket and Millinocket were without active mills — Millinocket’s mill closed in September 2008 — for the first time in a century.

    Now the hardest part of the deal begins — making paper and profit. Tranchemontagne said company officials are confident they will make their first shipment deadline in early November and the mill has orders enough to be fully occupied for a year.

    Less certain is exactly when the Millinocket mill could restart. Company officials have said market conditions would dictate when that mill would again start producing supercalendered paper — probably not for several months.

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  • 10.19.2011

    Postal Service Adjusts Mailing Services Prices for 2012

    Beginning early next year, it will cost just a penny more to mail letters to any location in the United States, the first price change for First-Class Mail stamps (Forever stamps) in more than two and a half years. The new 45-cent price for Forever stamps is among price changes filed with the Postal Regulatory Commission today.

    Highlights of the new single-piece First-Class Mail pricing, effective Jan. 22, 2012, include:

    Letters (1 oz.) – 1-cent increase to 45 cents
    Letters additional ounces – unchanged at 20 cents
    Postcards – 3-cent increase to 32 cents
    Letters to Canada or Mexico (1 oz.) – 5-cent increase to 85 cents.
    Letters to other international destinations – 7-cent increase to $1.05
    Prices also will change for other mailing services, including Standard Mail, Periodicals, Package Services and Extra Services. Today’s announcement does not affect Express Mail and Priority Mail prices. More information on the new pricing is available at
    http://about.usps.com/news/national-releases/2011/pr11_factsht_pricechng_1018.pdf.

    “The overall average price increase is small and is needed to help address our current financial crisis,” said Postmaster General Patrick Donahoe. “We continue to take actions within our control to increase revenue in other ways and to aggressively cut costs. To return to sound financial footing we urgently need enactment of comprehensive, long-term legislation to provide the Postal Service with a more flexible business model.”

    While actual percentage price increases for various products and services varies, the overall average price increase across all mailing services is capped by law at 2.1 percent, the rate of inflation calculated based on the Consumer Price Index.

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  • 10.19.2011

    Berlin Packaging Introduces America's First Molded Fiber Bottle

    Berlin Packaging, a leading full-service supplier of rigid packaging, today announced it will be a primary stocking supplier for the eco.bottle(TM), America's first molded fiber bottle. A product of Ecologic Brands, Inc., the eco.bottle(TM) is a hybrid fiber-plastic product that uses up to 70% less plastic than traditional plastic bottles, with a molded fiber shell that is 100% recyclable and compostable.

    The groundbreaking, patented container is well suited for a wide range of consumer products ranging from pourable goods to beverages, personal care products, and even paints and stains.

    Just as innovative as the eco.bottle(TM) materials are its post-use recycling instructions. Simply split open the side of the fiber shell and the outer package separates. The fiber halves, made from old corrugated cardboard and newspapers, can be recycled up to seven more times; the #4 inner pouch and closure system can be recycled along with plastic grocery bags in retailer drop-off bins.

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  • 10.19.2011

    Postal Service Legislation Clears Another Hurdle

    Legislation that would allow the United States Postal Service to cut a day of service advanced in the House of Representatives last week by a vote of 22-18.

    If enacted, the legislation would not only limit delivery to 5-days a week but would also phase out many special rates and consolidate postal facilities around the nation, among other things.

    The bill, H.R. 2309, is sponsored by Representative Darrel Issa (R-CA) and is co-sponsored by Representative Dennis A. Ross (R-FL). The legislation, which is sponsored in the Senate by John McCain (R-AZ) is expected to see a full vote by the House of Representatives in the next several weeks.

    Before last week the proposal required certain types of mail classes to incur rate increases 5 percent higher than CPI if their cost coverage is less than 90 percent. The Magazine Publishers Association [MPA] strongly disagreed with this provision but applauded the changes to the bill's text established by Rep. Ross.

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  • 10.19.2011

    Crown Holdings Reports Third Quarter 2011 Results

    Crown Holdings, Inc. today announced its financial results for the third quarter ended September 30, 2011.

    Net sales in the third quarter grew to $2,423 million over the $2,205 million in the third quarter of 2010, primarily driven by the pass-through of higher raw material costs and $92 million from foreign currency translation. Approximately 74% of net sales were generated outside the U.S. in the third quarter compared to 72% in the third quarter of 2010.

    Third quarter gross profit improved 5.0% to $396 million over the $377 million in the 2010 third quarter and included $14 million from foreign currency translation.

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  • 10.19.2011

    Oil Trades Near Highest Price in a Month After Goldman Cites ‘Upside Risk’

    Oil traded near the highest price in more than a month after Goldman Sachs Group Inc. predicted “upside” potential, amid signs U.S. crude stockpiles are increasing less rapidly than previously forecast.

    Futures gained as much as 0.6 percent, extending yesterday’s 2.3 percent gain. Energy Department data today may show that supplies climbed 2 million barrels. Yesterday’s report by the industry-funded American Petroleum Institute indicated they dropped for a third week. Goldman Sachs said an improving economic outlook in Europe and declining crude supplies may present “a real upside risk” to Brent prices.

    “The market certainly drew some support from pronounced crude and product draws in the API data, as well as more optimism creeping back in about the euro-zone bailout,” said Andrey Kryuchenkov, an analyst at VTB Capital in London, who predicts prices will end the year little changed from current levels. “Libya will come back on line, but not especially fast, and geopolitical risks surrounding Iran will give support.”

    Crude for November delivery on the New York Mercantile Exchange rose as much as 54 cents to $88.88 a barrel and was at $88.66 at 12:02 p.m. London time. The contract yesterday traded as high as $89.03, the most since Sept. 16. The more-actively traded December contract increased 34 cents to $88.87. Front- month prices are down 3 percent this year.

    Brent oil for December settlement was at $111.02 a barrel, down 13 cents, on the London-based ICE Futures Europe exchange.

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  • 10.19.2011

    Lowe's Closing 20 Underperforming Stores

    Lowe's Companies, Inc. announced today the company is closing 20 underperforming stores in 15 states. Ten locations closed at the end of business Sunday, October 16. The remaining 10 locations will close within approximately one month, following an inventory sell-through.

    In addition, after completing a comprehensive review of its pipeline of proposed new stores, the company announced it has discontinued a number of planned new store projects. Lowe's now expects to open 10 to 15 stores per year in North America from 2012 forward, compared to a prior assumption of approximately 30 stores per year. The company is on track to open approximately 25 stores in 2011, as planned.

    The expected financial impact of today's announcements of $0.17 to $0.20 per diluted share was not contemplated in the business outlook for fiscal 2011 which the company provided on August 15 when it released its second quarter earnings. Additional details regarding the impact of the store closings will be provided in the next quarterly earnings release on November 14.

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  • 10.19.2011

    Magazines in Tough Talks With Major Wholesaler

    Magazine wholesaling giant Source Interlink Cos. and publishers are locked in battle again, two years after Source’s demand for higher rates temporarily disrupted newsstand deliveries.

    It’s bad timing for publishers to get hit with higher rates now, as it was then. Newsstand sales remain soft and advertising has barely recovered from the ad recession. Some publishers also are seeing their paper costs go up.

    Given those pressures, the publisher of one large newsstand title said he was determined to dig in his heels. “I’m not giving you a penny,” he said he would answer if Source asks for more money. “You can stop selling us if you like.”

    Representatives of the largest publishing houses and their distributors didn’t reply to requests for comment on the talks, but the head of one multi-title publishing company said Hearst and Condé Nast were in tough discussions with the wholesaler. “Everybody is waiting for the next round,” this person said.

    Source executives said the company needs to bring its revenue in-line with expenses, adding that some publisher clients haven’t had a price increase in five or more years.

    “Sales have declined on the newsstand for several years, and at the same time costs for wholesalers have continued to rise,” said David Algire, president of Source Interlink Distribution.

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  • 10.19.2011

    Sonoco Reports 2011 Third Quarter Results

    Sonoco, one of the largest diversified global consumer and industrial packaging companies, today reported results for its third quarter ending October 2, 2011.

    Third Quarter Highlights: Third quarter 2011 GAAP earnings per diluted share were $.76, compared with $.57 in 2010, including a $.10-per-diluted-share gain stemming from a net release of valuation allowances on deferred tax assets, partially offset by restructuring charges and acquisition expenses. Base net income attributable to Sonoco (base earnings) for third quarter 2011 was $.66 per diluted share, compared with $.65 in 2010. Third quarter 2011 net sales were $1.12 billion, up 7 percent, compared with $1.05 billion in the third quarter of 2010.

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  • 10.19.2011

    Coldwater Creek Announces Proposed Public Offering of Common Stock

    Coldwater Creek Inc. today announced that it intends to offer to sell, subject to market and other conditions, shares of its common stock in an underwritten public offering. In connection with the offering, the Company expects to grant the underwriter a 30-day option to purchase additional shares of common stock. All of the shares will be offered by the Company.

    The Company intends to use the net proceeds of the offering for working capital and other capital expenditures, which may include investments in its marketing strategy and supply chain, as well as other general corporate purposes.

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  • 10.18.2011

    Grainger Reports Record Results for the 2011 Third Quarter

    Grainger today reported record results for the 2011 third quarter ended September 30, 2011. Sales of $2.1 billion increased 11 percent versus $1.9 billion in the third quarter 2010. The 2011 third quarter had the same number of selling days (64) as the third quarter of 2010. Net earnings for the quarter increased 21 percent to $182 million versus $150 million in 2010. Earnings per share increased 22 percent to $2.51 versus $2.06 for the third quarter 2010.

    The third quarter of 2010 included a non-cash benefit of $5 million after-tax, or $0.07 per share, from changes to the company's paid time off policy. Excluding this item, earnings per share increased 26 percent versus the 2010 third quarter.

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  • 10.18.2011

    Ahlstrom implements profit improvement program to address underperforming units

    Ahlstrom Corporation, a global high-performance materials company, will implement a profit improvement program to address underperforming businesses. The program aims to improve annual operating profit by approximately EUR 15 million euros starting from the year 2012 and may affect about 400 employees. The overall impact of the non-recurring items of the program is cash neutral.

    For the measures announced today, Ahlstrom will book a non-recurring cost of about EUR 25 million in its third-quarter 2011 financial results. Further improvement measures are being considered and will be announced in due course.

    As a result of the co-operation negotiations started in September at its Karhula and Mikkeli plants, part of the Building and Energy business area, Ahlstrom has decided to gradually discontinue the production of glassfiber and glassfiber mats in Karhula by the end of 2011 as the operation is unprofitable. The production of glassfiber tissue at the site will continue as before.

    The decision to end glassfiber production will lead to a personnel reduction of 170 employees in Finland starting from October.

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  • 10.18.2011

    Ahlstrom updates 2011 outlook for net sales and operating profit

    Ahlstrom Corporation's sales volume development in the second half of 2011 has been weaker than earlier anticipated due to the slowdown in its main markets. The lower than expected demand has had an adverse impact on the company's net sales and operating profit, particularly in the Label and Processing business area.

    As a result, Ahlstrom updates its 2011 outlook for net sales and operating profit excluding non-recurring items from continuing operations. The company now estimates net sales to be EUR 1,565-1,645 million and operating profit excluding non-recurring items of EUR 46-56 million. Ahlstrom had previously expected net sales to be at EUR 1,580-1,740 million and operating profit excluding non-recurring items of EUR 67-87 million. Both the new and the previous guidance exclude figures from Home and Personal business area. The divestment of Home and Personal to Suominen Corporation is expected to be completed by the end of October 2011.

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  • 10.18.2011

    M-real starts measures to eliminate losses of its paper business

    M-real Corporation, part of Metsäliitto Group, announced on 4 May 2011 in a stock exchange release its plans to divest the Alizay mill in France and the entire Gohrsmühle mill in Germany or, alternatively parts of the Gohrsmühle separately based on a Paper Park concept. It was then announced also that if the divestments do not materialize, M-real plans to start consultation processes proposing to close the operations. M-real also announced plans to discontinue its remaining carbonless paper converting operations at the Reflex mill in Germany.

    M-real received several offers for the Alizay mill, based on which the negotiations have been carried out to divest the mill. None of the buyer candidates however fulfilled M-real’s conditions for entering into transaction. The main conditions for divestment set by M-real relate to the financial status of the buyer, credibility and capability to implement the presented business plan, ability to take responsibility for the employees and the business risks as well as the financial consequences to M-real of the divestment.

    M-real has decided to commence an information and consultation process to close the Alizay paper mill. There are currently approximately 330 employees at Alizay mill. Despite extensive restructuring measures and also investments implemented at Alizay mill, it loses currently approximately EUR 3 million per month. In this very challenging operating environment that European paper industry faces, it is not possible to turn the heavily loss-making mill profitable. Nor are there any signs of such a turning point in the paper market that would change the situation.

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  • 10.18.2011

    September AF&PA Boxboard Report

    Unbleached Kraft Folding production decreased over the same month last year, and decreased from last month. Total Solid Bleached Boxboard & Liner production decreased compared to September 2010, and decreased from last month. The production of Recycled Folding decreased compared to September 2010, and decreased when compared to last month. Inventory of Solid Bleached Kraft Paperboard increased in September.
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  • 10.18.2011

    September AF&PA Kraft Paper Sector Report

    The American Forest & Paper Association released its September 2011 Kraft Paper Sector Report today.  Total Kraft paper shipments were 124.6 thousand tons, an decrease of 13.4% compared to September 2010. Total inventory was 80.9 thousand tons.

    Additional key findings from the report include:  Total Unbleached Kraft shipments decreased compared to September 2010. Total Bleached Kraft shipments stayed essentially flat compared the same month last year, however, year to date shipments increased compared to the same nine months in 2010.

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  • 10.18.2011

    Amcor releases its 2011 Sustainability Report

    Amcor is pleased to announce the release of its 2011 Sustainability Report (the Report), the ninth annual Report released by the company.

    As the world’s largest packaging company, Amcor has a responsibility to demonstrate to our stakeholders how packaging can contribute to sustainability goals. For several years, Amcor has been internationally recognised as a sustainability leader, with inclusion in the Dow Jones Sustainability Index (Asia Pacific index), the FTSE4Good Index and the Carbon Disclosure Leadership Index (Materials sector, Australian and New Zealand Region).

    Amcor’s approach to sustainability is driven by the company’s operating model (Being Amcor) our risk management framework and our key stakeholder interests. The report outlines our efforts in the five key areas of economy, marketplace, environment, workplace and community.

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  • 10.18.2011

    Green Award in Indonesia Highlights Positive Impact of Forest Plantations on the Reduction of Greenhouse Gas Emissions

    A first-of-its-kind landmark research project, carried out at Asia Pulp & Paper (APP) pulpwood suppliers’ areas in South Sumatra, by academics at Institut Pertanian Bogor (IPB), Bogor Agricultural University in Indonesia has been honoured at the Indonesian Green Awards, for successfully proving the positive impact of plantation forestry on degraded peat land and greenhouse gas emissions.

    Conclusions from this research were based on a study carried out from September 2010 to March 2011 effectively proving that the development of pulpwood plantations - or afforestation - on degraded peat land, or land that had been stripped of forest, can help the land sustainably recover contributing significantly to increased carbon absorption.

    The Green Award ceremony on 28 September 2011 was endorsed by the Indonesian Ministry of Forestry. The findings of the study, which showed a substantial rise in secondary and plantation forest cover over the period of the study, were highlighted.

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  • 10.18.2011

    Oil Drops For a Second Day After China’s Economy Grows Slowest Since 2009

    Oil fell for a second day in New York after China said its economy grew at the slowest pace in two years and U.S. crude stockpiles were forecast to increase.

    Futures dropped as much as 1 percent, extending yesterday’s 0.5 percent decline, after China’s statistics bureau said the economy grew at 9.1 percent in the third quarter, less than predicted. An Energy Department report tomorrow may show U.S. crude inventories climbed for a second week, according to a Bloomberg News survey. Technical indicators indicate prices may have advanced too fast to be sustainable.

    “The correction could go further, below $100” for London- traded Brent crude, said Eliane Tanner, an analyst at Bank Sarasin & Cie AG in Zurich, who correctly predicted prices would drop in the second half. “We’ll continue to see bouts of risk aversion until there’s a solid solution to uncertainties in the EU. The slowdown in Chinese economic growth is not surprising after the monetary tightening.”

    Crude for November delivery fell as much as 83 cents to $85.55 a barrel in electronic trading on the New York Mercantile Exchange. It was at $86.07 at 11:44 a.m. London time. Prices are down 5.8 percent this year.

    Brent oil for December settlement on the London-based ICE Futures Europe exchange dropped as much as $1.24, or 1.1 percent, to $108.92 a barrel. The European benchmark contract was at a premium of $23.45 to U.S. futures. The difference narrowed 16 percent yesterday, the most since June 16.

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  • 10.18.2011

    Carlith Selects Suite of EFI Products to Increase Efficiencies and Provide Platform for Growth

    EFI™, a world leader in customer-focused digital printing innovation, today announced that Carlith LLC has chosen a suite of EFI solutions to streamline its operations and provide a foundation for future growth. Carlith is deploying EFI Digital StoreFront® web-to-print, EFI Pace™ MIS, Pace scheduling, EFI Auto-Count® direct machine interface, and the SmartLinc Process Shipper freight management solution. The company also recently installed its first digital press by MGI, driven by EFI Fiery® technology.

    A leading full-service commercial printer in the greater Chicago metropolitan area, Carlith is a portfolio company of SR Capital Partners, a Los Angeles-based private equity firm. Soon after Carlith was purchased by SR Capital in June, the company began reviewing available print MIS products. Carlith was an existing EFI PSI™ user, but was not taking full advantage of the system. After a thorough evaluation, EFI came out on top again and Carlith signed the EFI contract at this year's GRAPH EXPO conference.

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  • 10.18.2011

    Mayr-Melnhof Karton AG Reports Half-Year 2011 Results

    The Mayr-Melnhof Group was able to close the first half-year 2011 with a significant increase of sales and results despite a normalization and the successive slow-down in demand dynamics as well as an increase in raw material costs. The Group’s operating margin came up to 9.4 % (1st half of 2010: 9.0 %).

    We succeeded in keeping business volumes at a high level in both segments, despite an increasing running down of our customers’ stocks due to well-stocked supply chains. Largest direct challenge was dealing with the continuous rise in costs, which besides fibers included to an increasing extent other direct costs. While in the first quarter of 2011 we were still able to achieve a sufficient compensation, in the second quarter this was no longer possible to a full extent.

    In the course of globally increasing economic uncertainties and high stockpiling, we expect our customers to plan more conservatively within the next few months. Despite the fact that some raw material prices, in particular recovered paper, seem to have achieved peak levels, there is currently no clear indication for an immediate decrease. Considering the growing challenging circumstances, we aim at price stability and cost efficiency to the extent possible. We will risk-sensitively continue our expansion strategy with a primary focus on growth regions.

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  • 10.18.2011

    On the Ground 2011 – The Controversy of Greenpeace et al.

    PEFC has rejected the main allegations contained in the “final” version of the report “On the Ground 2011 – The controversies of PEFC and SFI”, released by a coalition of well-known FSC supporters yesterday. The report originally appeared on the FSC website. FSC, the Forest Stewardship Council, is an alternative, competing certification system.

    PEFC already responded to the initial report, and has updated its response to reflect modifications in the final version of the report.

    Greenpeace et al.'s main allegations include that PEFC lacks transparency, that stakeholders are inadequately involved, and that the complaints procedures are inadequate. In response to these allegations, Ben Gunneberg, Secretary General of PEFC International, said : "On the Ground 2011 contains a number of errors and misleading statements, and PEFC rejects Greenpeace et al.'s main allegations."

    PEFC would like to reiterate that it believes that collaboration beats confrontation – every time. We take all criticism regarding our organization very seriously and endeavour to cooperate fully with those who seek to understand or enquire about our work and achievements.

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  • 10.18.2011

    Tredegar Corporation Announces Agreement to Acquire Terphane

    Tredegar Corporation announced today that its subsidiary, Tredegar Film Products Corporation, has agreed to acquire 100% of the equity interests of Terphane Holdings LLC ("Terphane"), a leading manufacturer of specialty polyester films with operations in Brazil and the United States. Terphane is currently owned by Vision Capital, an international investment firm.

    The approximate purchase price of $188 million will be funded using available cash on hand and financing from Tredegar's existing $300 million credit facility. Tredegar expects that the acquisition will be accretive within the first year following the acquisition. Closing of the acquisition, which is subject to the satisfaction or waiver of certain customary closing conditions, is expected later this month.

    With revenues of approximately $160 million for the last twelve months, as of June 30, 2011, Terphane is a market leading producer of thin polyester films in Latin America with a growing presence in strategic niches in the United States. Polyester films have specialized properties, such as heat resistance and barrier protection, which make them uniquely suited for the fast-growing flexible packaging market. Terphane is headquartered in Sao Paulo, Brazil and operates two manufacturing facilities in Cabo, Pernambuco Brazil and Bloomfield, New York. It enjoys long-standing relationships with prominent Latin American and multinational customers.

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  • 10.18.2011

    Bookstore Sales Jumped in August

    After falling 4% in July, bookstore sales posted unexpectedly strong gains in August, according to preliminary estimates released by the Census Bureau. Bookstore sales jumped 11.8% in August, to $2.44 billion, an increase that likely reflects strong sales of books and other items through college bookstores and the going-out-of-business sales at Borders. With the gain in August, bookstore sales through the first eight months of the year rose 2.1%, to $10.47 billion.
     
    Sales for the entire retail market were up 8.7% in August and 8.0% in the eight-month period.
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