Paperclips Blog | Fraser Papers Results

  • 09.14.2011

    Asia Pulp & Paper Follows UN Lead, Commits to First-Ever Human Rights Audit

    Asia Pulp & Paper Group (APP) is initiating its first-ever comprehensive human rights audit across the company’s Indonesian operations, heeding the United Nations call for the global protection of human rights by businesses around the world.

    In June, the United Nations Human Rights Council endorsed for the first time a set of guiding principles for business on human rights performance using the “protect, respect and remedy” framework. APP has committed itself to adopting this framework in assessing and addressing human rights policies throughout its operations.

    These new “Corporate Responsibility to Protect” principles provide a blueprint for companies on how to know and show they are respecting human rights. The Guiding Principles for Business and Human Rights outline how states and businesses should implement the UN “Protect, Respect and Remedy” framework in order to better manage business and human rights challenges. The principles are the result of six years of research led by Professor Ruggie of Harvard University, involving governments, companies, business associations and civil societies around the world. They are designed to ensure both human rights protections as well as providing clear course for conflict resolution.

    The UN guidelines focus on due diligence as the first core principle and critical step for corporations. In line with this principle, APP has appointed Mazars Indonesia to independently assess existing stated policies, principles and performance across the company’s corporate operations, eight Indonesian pulp and paper mills and supply chain.

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  • 09.14.2011

    Crude Oil Slides From Six-Week High on Concern Economic Recovery to Falter

    Oil declined from a six-week high on concern that Europe’s debt crisis and the faltering U.S. economic recovery will temper fuel demand.

    Futures fell as much as 1.9 percent after technical indicators signaled gains of more than 3 percent in the past two days may have been excessive. The European Central Bank said it will lend two euro-area banks dollars tomorrow, a sign they are having difficulties with borrowing. The International Energy Agency yesterday cut global oil-consumption forecasts for this year and 2012. The Energy Department may say U.S. crude stockpiles fell last week, according to a Bloomberg survey.

    “The euro sovereign debt crisis continues to develop,” said Thorbjorn Bak Jensen, an analyst at Global Risk Management in Middelfart, Denmark, who predicts Brent will average $107 in the fourth quarter. “Whether speculators re-balance their portfolios with oil as a safe haven, or the focus will be on fear of lower economic activity, remains to be seen.”

    Crude for October delivery declined as much as $1.68 to $88.53 a barrel in electronic trading on the New York Mercantile Exchange. It was at $89.67 at 11:57 a.m. London time. The contract yesterday rose $2.02 to $90.21, the highest since Aug. 3. Futures have lost 1.9 percent so far this year.

    Brent oil for October settlement on the London-based ICE Futures Europe exchange was up 40 cents at $112.29 after falling as much as 79 cents to $111.10 a barrel. The European benchmark contract was at a premium of $22.62 to U.S. futures, down from a record close of $26.66 on Sept. 6.

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  • 09.14.2011

    TV, magazines most effective affluent marketing media: study

    Affluent consumers are more receptive to TV and magazine advertising than other media, according to a survey from market-research firm Ipsos Mendelsohn.

    The “2011 Ipsos Mendelsohn Affluent Survey” found that 62% of the 14,405 affluent consumers surveyed said they had “considerable” or “some” interest in advertising displayed through the two media.

    The firm defines affluent consumers as those with annual household incomes of $100,000 or more.

    TV and magazines were also the two most prevalent media, with 86% of respondents saying they had watched a TV ad in the past six months and 80% saying they read a magazine ad in the same period. Ipsos Mendelsohn conducted the survey from March to June.

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  • 09.14.2011

    Amazon.com & Hearst Corporation Expand Business Relationship

    Amazon.com, Inc. and Hearst Corporation today announced that the two companies have entered into an expanded, multi-faceted consumer marketing, e-commerce and content relationship.

    Amazon will become Hearst's single-largest third-party seller of print subscriptions for its magazines via digital channels and will work with Hearst in e-commerce. The deal gives Amazon customers access to content from one of the world’s largest publishers of monthly magazines and provides Hearst access to Amazon’s growing and evolving e-commerce platform.

    “Hearst is one of the world’s leading diversified media companies and we are delighted to work with them on this multi-pronged deal,” said Steve Kessel, senior vice president, Kindle.

    David Carey, president, Hearst Magazines, commented: “This bridge between one of the best platform and technology companies and our premier media and content company gives Hearst and Amazon a launching pad to take both our businesses to the next level. Amazon values exceptional content and we are excited about the possibilities. We look forward to working with the Amazon team.”

    To date, Hearst has sold more than four million magazine subscriptions via the Internet and expects to increase its sales via this expanded agreement.

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  • 09.14.2011

    Industrie Cartarie Tronchetti starts up a Metso-supplied tissue production line in France

    The Metso-supplied tissue line at Industrie Cartarie Tronchetti (ICT) in Montargis, France, successfully started up on July 15, 2011.

    Metso’s delivery comprised a complete tissue production line with complete stock preparation equipment including OptiFiner RF refiners and an Advantage DCT 200 tissue machine. The tissue machine features an OptiFlo II TIS multi-layer headbox, a Metso Yankee cylinder, an Advantage AirCap hood, an Advantage WetDust dust management system and an Advantage SoftReel reel. Also included was the first installation of Metso’s new OptiThick DF disc filter. The production line is optimized to enhance final product quality and save energy. The delivery also comprised an extensive automation package including Metso DNA machine, process and drive controls, as well as a Metso IQ quality control system with non-nuclear Metso IQ Fiber Weight Measurement.

    With a large width and an operating speed of 1,900 m/min, the new production line will produce 70,000 tons a year of high-quality facial, toilet and towel grades. The raw material for the new line will be virgin pulp.

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  • 09.14.2011

    SFI Responds to ForestEthics

    Last week, ForestEthics invited SFI to meet with them, and we agreed – on the basis that there was a genuine interest in constructive engagement. This continues to be our position, although efforts to disrupt the SFI Annual Conference in Burlington, Vermont, certainly question the sincerity of ForestEthics.

    It is time ForestEthics and its supporters took a close, honest and objective look at SFI’s contribution to forestry. They should talk to family landowners who are able to achieve best management practices because SFI program participants work with them or to the thousands of loggers who are better land stewards thanks to SFI-endorsed training. They should look at the research made possible through SFI’s conservation grant program and our requirement that participants invest in forest research – and talk to conservation groups and researchers benefiting from all these efforts.

    We are proud of the SFI community. Our independent board’s conservation chamber members are leaders who have dedicated their lives to championing the environment and conserving our forests. The fact that our annual conference has drawn the largest attendance ever is testimony to our commitment to responsible forestry, integrity and collaboration.

    SFI is strong and growing – more and more companies accept and recognize SFI and many have inclusive policies, recognizing all credible standards. More than 2,500 organizations participate in SFI. SFI is the largest single forest certification standard in the world, and was developed specifically by North Americans for North American forests.

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  • 09.14.2011

    Trend Texas Division breaks ground with new press installation

    In an expansion that defies the current economic woes of the printing industry, Trend Offset Printing has installed a new Goss M-600 press at their Carrollton, Texas location.

    The new heatset press will expand the pressroom capabilities Trend is able to offer its customers.  The 8-unit press includes a combination folder capable of producing digest, delta, quarter, tabloid and broadsheet folds.  An aqueous coater, double former folder and in-line trimmers round out the features for the versatile press.

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  • 09.14.2011

    UBS - U.S. Paper: Preliminary August US print/write stats

    AF&PA just released preliminary Aug US printing & writing shipment data. Total shipments fell 5.9% y/y in Aug, a bit better than the 7.2% drop in July despite a comp c300bp tougher. Shipments rose 7.3% m/m and were c3% above 12 mo avg.

    Uncoated free shipments fell 2.6% y/y, improved from the 4.7% drop in Jul. This was the smallest drop of all 4 grades, but UCFS faced easiest comp. However the UCFS comp was 400bp tougher than in July. The past few months the final report has shown negative adjustments to trend shown in preliminary release. Shipments rose 6.2% m/m, to a level c4% above the 12 month rolling average. This sequential rise is somewhat above the normal 3.8% m/m pickup in August.
     
    Coated free shipments fell 3.1% y/y, similar to May/Jun. But the Aug comp was c1100bp tougher than Jul. Shipments rose 13% m/m-to highest level since Sept-10 (10% above 12 mo rolling average). Coated groundwood fell 5.6% y/y, improved from a 13.5% drop in July. The comp was c1300bp easier in Aug. Shipments rose 13% m/m. Uncoated groundwood fell 27.6% m/m, weaker than the 10.7% drop in July. The Aug comp was 1100bp tougher than July. Shipments fell 9.3% m/m.

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  • 09.14.2011

    AbitibiBowater Says Collaboration Needed to Implement Abitibi River Forest's Long-Term Management Direction

    AbitibiBowater Inc. is echoing the concerns of Ontario Northeastern municipal leaders with regards to the newly proposed forest management approach on the Abitibi River Forest that would result in the immediate reduction of the conifer wood supply in the area by 25%, with reductions of up to 65% after 20 years. Last week, the Northeastern Ontario Municipal Association (NEOMA) held a press conference in Timmins, Ontario, to publicly express concern with the Abitibi River Forest's Long-Term Management Direction (LTMD), a document recently released by the Ontario Ministry of Natural Resources (OMNR) for public comment.

    The Company is concerned that if confirmed, these significant proposed reductions in wood supply could jeopardize future forest sector investments and curtail employment opportunities generated from forest activities, impacting the economic foundation of 25 Northern Ontario communities.

    AbitibiBowater supports a transparent and balanced approach involving the relevant stakeholders, ensuring all three sustainability pillars are addressed. Serious collaborative work is needed to revisit the proposed implementation of the Caribou Conservation Plan in the Abitibi River forest, factoring in the impact of wood supply and its corresponding effects on future employment. This work has to involve representatives of impacted communities, forest companies operating in the area, the OMNR and ENGOs.

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  • 09.13.2011

    Katahdin leaders prep for possible mills sale this week

    Town leaders will meet at 9 a.m. Tuesday to discuss and possibly approve a proposed property-tax agreement with the would-be buyer of the two Katahdin region paper mills.

    Mark Scally, chairman of the Board of Selectmen, said the board met for an hour in executive session Monday with three members, enough for a quorum, and teleconferenced with town’s attorney Rob Crawford and town assessor agent Bill Van Tuinen on the proposed agreement.

    Scally said he wanted Selectmen Larry MacKenzie and Mark Marston, who could not attend Monday’s meeting, to assess the proposal on Tuesday.

    “All we have is a response to the deal that’s been on the table,” Scally said Monday. “We have a response that our team has drafted. I want the approval of the other two that were absent that this is OK to send” to Cate Street Capital.

    Depending on how and when Cate Street responds, the tax deal could be tentatively settled as soon as possible, Scally said.

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  • 09.13.2011

    Sonoco Selected for Third Time to the Dow Jones Sustainability World Index

    Sonoco announced that it has been selected to the Dow Jones Sustainability World Index (DJSI World) for the third consecutive year. DJSI World is comprised of the leading global companies in terms of economic performance, environmental stewardship and social responsibility. Dow Jones Sustainability Indexes are determined following an annual review by SAM, an investment boutique focused exclusively on sustainability investing, along with Dow Jones Indexes.

    "We are very pleased to make this elite group of DJSI World companies for the third year in a row. It recognizes the importance Sonoco places on being a leader in sustainable packaging and provider of recycling services to many of the largest consumer brands in the world," said Harris E. DeLoach, Jr., Sonoco's chairman and chief executive officer.

    Each year SAM invites approximately 2,500 of the world's largest companies from 57 industry sectors to report their sustainability performance. Each company completes a Corporate Sustainability Assessment, which provides an in-depth analysis of economic, environmental and social criteria, such as corporate governance, water-related risks and stakeholder relations, with a special focus on industry-specific risks and opportunities. This year's DJSI World Index includes 41 new companies, while 23 firms will be deleted, resulting in a total of 342 index components.

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  • 09.13.2011

    Best Buy Reports Fiscal Second Quarter Results

    Best Buy Co., Inc., a leading multi-channel global retailer and developer of technology products and services, today reported net earnings of $177 million, or $0.47 per diluted share, for its fiscal second quarter ended August 27, 2011, compared with $254 million, or $0.60 per diluted share, for the prior-year period.

    Total Company revenue was $11.3 billion during the quarter, which was essentially flat compared to the prior-year period and included a comparable store sales decline of 2.8 percent. Within the Domestic segment, areas of comparable store sales growth included mobile computing (including tablets), appliances, and eReaders. The online channel delivered a 13 percent revenue increase in the Domestic segment during the quarter, driven largely by traffic growth. These sales gains were offset primarily by comparable store sales declines in television, gaming, digital imaging and physical media. The Company noted that mobile phones comparable stores sales experienced a 5 percent decline due to industry softness driven by the lack of significant new phone launches during the quarter relative to the prior-year period. The Company believes that it continued to grow share in mobile phones in the second quarter. The growth of International segment revenue was driven by foreign currency exchange rates and the continued solid growth performance of the Five Star business in China, which delivered comparable store sales gains during the period, partially offset by Europe and Canada, which each experienced comparable store sales declines.

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  • 09.13.2011

    No more mail? What would Ben Franklin think?

    No more birthday cards and bills or magazines and catalogs filling the mailbox. It's a worst-case scenario being painted for an organization that lost $8.5 billion in 2010 and seems headed deeper into the red this year.

    "A lot of people would miss it," says Tony Conway, a 34-year post office veteran who now heads the Alliance of Nonprofit Mailers.

    Businesses, too.

    The letter carrier or clerk is the face of the mail. But hanging in the balance is a $1.1 trillion mailing industry that employs more than 8 million people in direct mail, periodicals, catalogs, financial services, charities and other businesses that depend on the post office.

    Who would carry mail to the Hualapai Indian Reservation in the Grand Canyon? To islands off the coast of Maine? To rural villages in Alaska? Only the post office goes to those places and thousands of others in the United States, and all for 44 cents. And it's older than the United States itself.

    Ernest Burkes Sr. says his bills, magazines and diabetes medication are mailed to his home in Canton, in northeast Ohio, and he frequently visits the post office down the street to send first-class mail, mostly documents for the tax service he runs. As his business increased over the past three decades, so has the load of mail he sends, and it's still pretty steady.

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  • 09.13.2011

    Amcor Buried Nylon BNE films offer exceptional packaging solutions for medical devices

    BNE films provide increased strength to ensure higher levels of transit protection, an essential requirement in the packaging of sharp objects. Renowned for their excellent thermoforming characteristics, BNE films show minimum reversion to enable effective product loading often required in the packaging of catheters.

    Commenting on the comprehensive BNE range, Neil Hawkesford, Coextruded Films Product Manager at Amcor, said: “Our BNE films are an integral product within Amcor’s range of coextruded films used in medical device packaging. With a wide choice of film gauges ranging from 50 to 200 microns, BNE films are suitable for ethylene oxide sterilisation and can be used for a range of applications including the packaging of larger dressings and drapes. The material has a wide processing window to allow for efficient packaging lines, maintaining forming performance at higher speeds.”

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  • 09.13.2011

    Oil Rises a Second Day in New York on Forecast of Shrinking Inventories

    Oil rose for a second day in New York before data forecast to show that crude supplies declined a second week in the U.S., the largest consumer of the commodity.

    The U.S. Energy Department may say tomorrow U.S. crude supplies dropped by 3 million barrels last week as a result of storms in the Gulf of Mexico, according to a Bloomberg survey. Brent pared earlier gains after the International Energy Agency, an adviser on energy policy to 28 nations, reduced its estimate of 2012 global oil demand by 400,000 barrels a day.

    “This is a market that’s been tightening for the past 12 to 15 months,” David Fyfe, head of the IEA’s industry and markets division, said in a telephone interview from Paris. “This year the tightening has been more about supply outages than demand. Demand growth has slowed.”

    Crude for October delivery advanced as much as $1.02 a barrel, or 1.2 percent, in electronic trading on the New York Mercantile Exchange. The contract traded for $88.95 at 11:32 a.m. London time. Prices are 15 percent higher than a year ago.

    Brent oil for October settlement was at $112.39 a barrel, 14 cents higher, on the London-based ICE Futures Europe Exchange as of 11:30 a.m. Earlier the contract gained as much as $1, or 0.9 percent, to $113.25 a barrel. Yesterday Brent fell to $110.42, the lowest since Sept. 6.

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  • 09.13.2011

    Kantar: U.S. ad spending up 3.2% in first half

    Total ad spending in the U.S. reached $71.5 billion in the first half, up 3.2% over the year-earlier period, according to a report released Monday from Kantar Media.

    For the second quarter, ad spending totaled $36.5 billion, up 2.8% over the year-earlier period, according to the report.

    During the first half, the top media categories in terms of growth were Spanish-language magazines (29.0%); national TV syndication (18.5%); Internet display ads (12.9%); and cable TV (11.8%). B2b magazine revenue grew 1.4% in the first half.

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  • 09.13.2011

    Grandville Printing Is Adding Two More HP Indigo 7500 Digital Presses

    HP announced that Grandville Printing has purchased two HP Indigo 7500 digital presses to help meet higher demand for in-store retail signage such as shelf tags.

    A long-standing customer, Grandville installed its first HP Indigo 7500 last year. It has now installed nine HP Indigo digital presses on its way to becoming Michigan’s largest commercial print service provider.

    “HP has been a valued, strategic partner since the beginning,” said Chris Nunez, director, digital printing, Grandville. “These additional HP Indigo 7500 presses can handle significantly more volume in a shorter timeframe, enabling us to be more competitive while better serving our customers.”

    The purchases were announced at the GRAPH EXPO tradeshow in Chicago’s McCormick Place.

    “Innovative customers like Grandville Printing Company are the driving force behind our commitment to developing solutions that help print service providers achieve business success,” said Jan Riecher, vice president and general manager, Graphics Solutions Business – Americas, HP. “With these new HP Indigo 7500 presses, Grandville can better meet increased customer demand and further expand business.”

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  • 09.13.2011

    McGraw-Hill To Split Into Two Companies

    Following the call for a break-up and reorganization of McGraw-Hill Cos. by investors last month, McGraw-Hill announced today that it will split into two separate public companies: McGraw-Hill Markets, focused on the capital and commodities markets, and McGraw-Hill Education, focused on education services and digital learning.

    McGraw-Hill Markets will be led by Terry McGraw as chairman, president and CEO and will include the company's publishing assets serving construction and aviation, as well as Standard & Poor's, S&P Indices, S&P Capital IQ, which provides research and multi-asset class data, and Platts, which serves the energy, petrochemical and metals markets. McGraw-Hill says it expects McGraw-Hill Markets to generate $4 billion in 2011, with 90 percent of revenue coming from the capital and commodities businesses.

    McGraw-Hill Education will become an independent business serving the K-12, higher education and professional education markets, with expected revenues of $2.4 billion in 2011. Longtime McGraw-Hill CFO Robert Bahash currently oversees McGraw-Hill Education and the company is searching for a new CEO for the group.

    The move is part of a three-part "growth and value plan" that include creating the two pure-play companies; extension cost reduction focusing on more than $1 billion in corporate expenses including disaggregating shared services and establishing two corporate centers, and share repurchases totaling $1 billion in 2011 (the company says it has repurchased $540 million shares to date).

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  • 09.13.2011

    Understanding Postal : USPS Offers Sneak Peek at January 2012 Pricing Change

    This summer the U.S. Postal Service provided cross-channel retailers with its January 2012 software release overview for customer-facing postage systems such as PostalOne after hearing from mailers and service providers that software changes need to be made in a more stable, scheduled manner so they could better plan for said changes.

    While some may think a software release schedule is no big deal, the January 2012 overview provides direct marketers a first look at initiatives the USPS is considering including in its next market-dominant product pricing change, which will occur on Jan. 22, 2012 — the same time as pricing changes for its competitive service products.

    The USPS has stressed that some of the items in its software overview are "placeholders," meaning that it hasn't yet committed to making those changes but wants the software designed to accommodate the initiatives if it does go through with them.

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  • 09.13.2011

    Grainger Reports August 2011 Sales Results

    Grainger today reported sales results for the month of August 2011.  Daily sales increased 10 percent versus August 2010.  Results for the month included a 1 percentage point positive contribution from foreign exchange.  Excluding foreign exchange, organic sales increased 9 percent, including 8 percentage points from volume, 3 percentage points from price and 1 percentage point from sales related to Hurricane Irene, partially offset by a 3 percentage point decline from 2010 oil spill related sales.  August 2011 had 23 selling days, one more than August 2010.  The 2011 third quarter will have the same number of selling days as the 2010 third quarter (64 days).
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  • 09.12.2011

    AEP Industries Inc. Reports Fiscal 2011 Third Quarter and Year-To-Date Results

    AEP Industries Inc. today reported financial results for its third quarter ended July 31, 2011.

    Net sales for the third quarter of fiscal 2011 increased $41.5 million, or 20.3%, to $246.4 million from $204.9 million for the third quarter of fiscal 2010. Net sales for the nine months ended July 31, 2011 increased $135.0 million, or 23.4%, to $712.7 million from $577.7 million in the same period of the prior fiscal year. The increases were the result of an increase in sales volume coupled with an increase in average selling prices primarily attributable to the pass-through of higher resin costs to customers during the comparable periods.

    “Through the first nine months of fiscal 2011, we have seen a significant increase in sales volume and solid year-over-year sales growth, demonstrating our continued ability to gain market share during this economic downturn,” said Brendan Barba, Chairman, President and Chief Executive Officer of the Company. “In addition to sales growth, our results are further supported by more efficient operations and improved plant utilization. We implemented
    numerous cost controlling measures throughout the recession, and continue to achieve material savings from these significant actions. We anticipated AEP and our shareholders would benefit from these initiatives for many years, and we are pleased to successfully deliver on our expectations. Going forward, our financial strength and ample liquidity position will enable us to continue our successes.”

    Gross profit for the third quarter of fiscal 2011 increased $1.7 million, or 5.0%, to $35.3 million from $33.6 million in the same quarter of the prior fiscal year. Excluding the impact of the LIFO reserve change of $5.7 million during the periods, gross profit increased $7.4 million primarily due to increased sales volumes and improved plant utilization, partially offset by continuing challenges in passing resin price increases through to customers in a timely fashion.

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  • 09.12.2011

    EFI Pace Awarded JDF Certification for Digital Printing

    EFI, a world leader in customer-focused digital printing innovation, today announced the EFI Pace™ management system is one of the first in the industry to receive JDF certification for digital printing from Printing Industries of America. With integration to Fiery® controllers, the leading digital front-ends in the industry, EFI Pace offers end-to-end print shop and production management for mid-sized commercial and specialty printers. Fiery technology and Pace are on display now in GRAPH EXPO booth 2000 (through Sept. 14th, McCormick Place).

    Fiery technology is known worldwide for its speed, power, productivity, precision and amazing color and image quality. With integration of Fiery servers to the Pace MIS via JDF technology, print service providers can take advantage of a seamless workflow, with two-way information exchange.

    The Integrated Digital Printing ICS document certification is EFI's fourth certification for Pace, and the tenth across its MIS portfolio. Pace also holds the MIS to Prepress, MIS to Finishing, and MIS to Conventional Printing Sheetfed certifications from Printing Industries of America, the official certification body for CIP4 (the International Cooperation for the Integration of the Processes in Prepress, Press and Postpress). With this most recent certification, EFI was a beta participant in the program for Printing Industries of America, helping them build test cases and resolve issues within the testing process.

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  • 09.12.2011

    Kelmscott Communications and Graphix Products Announce Merger

    Kelmscott Communications (#343 on the Printing Impressions 400 list with $10.6 million in sales) and Graphix Products (West Chicago, IL) are pleased to announce the merger of their two companies effective immediately. Together, they will operate under the Kelmscott Communications brand name and create a combined company with over 115 years of experience to best serve the marketing needs of their clients.

    Kelmscott Communications offers solutions that combine strategy, creative, web services, data analytics, variable-data printing with complex segmentation, offset and flexographic label printing, signage, promotional incentives, assembly, mailing and fulfillment. This merger combines two companies that are committed to providing high quality personal service and innovative solutions for their clients.

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  • 09.12.2011

    Newbay Media Acquires Assets of Pro AV From Hanley Wood

    NewBay Media has announced that they have acquired the assets of Pro AV from Hanley Wood, including the magazine's web assets, editorial content, and subscriber lists.

    "Our stated goal is to be the number one resource for AV professionals, with unparalleled depth and breadth for readers and advertisers," says Steve Palm, President & CEO of NewBay Media LLC. "The acquisition of Pro AV further strengthens our already robust offerings, expanding our substantial reach to the professional AV community."

    When integrated, Pro AV will add over 18,000 unduplicated AV professionals. Combined with NewBay's existing AV/Consumer Electronics database, which includes leading brands such as Systems Contractor News and Sound & Video Contractor, the acquisition gives NewBay an unparalleled reach of over 200,000 professionals.

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  • 09.12.2011

    Irving Paper Price Increase Oct 2011

    Please be advised that Irving Paper will increase its prices of Irving SCB, Irving SCA and Radiance (SCA+) $30/ST effective with all new orders shipping on and after October 1st 2011.  This increase affects all basis weights.
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  • 09.09.2011

    NewPage Corporation and Certain U.S. Subsidiaries Receive Approval of First Day Motions To Enable Business Continuity Throughout Restructuring

    NewPage Corporation announced today that its corporate parent, NewPage Group Inc., and certain of its U.S. subsidiaries (collectively, the "Company") have received approval from the United States Bankruptcy Court for the District of Delaware on all of the First Day Motions related to its voluntary Chapter 11 restructuring that were scheduled to be heard today.  The remaining motions (dealing with certain professionals) will be scheduled for a hearing at a later date. These approvals give the Company the authority to continue to conduct its business as usual without interruption in U.S. employee wages and benefits programs or customer programs, among other stakeholder protections.

    Among the First Day Motions granted, the Company received interim approval of its $600 million Debtor in Possession (DIP) financing committed by JPMorgan Chase Bank, N.A., Barclays Bank PLC and Wells Fargo Capital Finance, LLC. These facilities help ensure the Company has adequate liquidity to continue to operate and compete successfully while it works with its creditors and other stakeholders to complete a Chapter 11 plan for its U.S. operations.

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  • 09.09.2011

    Oil Heads for Third Weekly Gain on Obama Job Plan, Storm in Gulf of Mexico

    Oil headed for a third weekly gain as investors bet President Barack Obama’s job-creation plan will support demand for fuel and as producers in the Gulf of Mexico evacuated workers ahead of Tropical Storm Nate.

    New York futures climbed as much as 0.5 percent, erasing a drop of 0.8 percent, after Obama asked Congress to pass a proposal that would inject $447 billion into the economy of the world’s biggest crude user. Prices slid yesterday after Federal Reserve Chairman Ben S. Bernanke stopped short of specifying measures the central bank may use to bolster growth when policy makers meet this month. Companies including BP Plc removed staff in the Gulf, home to 27 percent of U.S. oil output.

    “In the next month or so, it’s going to be very uncertain,” said Jeremy Friesen, a Hong Kong-based commodity strategist at Societe Generale SA. “We could see prices continuing to sell off if the market doesn’t like what the Fed says. But if the market likes it, the physical crude market is reasonably tight, so that should support prices.”

    Oil for October delivery gained as much as 45 cents to $89.50 a barrel in electronic trading on the New York Mercantile Exchange and was at $89.23 at 3:13 p.m. Singapore time. Prices are 3.2 percent higher this week and up 20 percent the past year.

    Brent oil for October settlement was up 40 cents, or 0.4 percent, at $114.95 a barrel on the London-based ICE Futures Europe Exchange. The European benchmark contract was at a premium of $25.72 to U.S. futures, compared with a record settlement of $26.87 on Sept. 6.

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  • 09.09.2011

    Canon and Océ launch new jointly developed monochrome and color production printing systems

    Canon Inc. and Océ N.V. announced today the launch of two new production printing systems developed jointly by the two companies: a monochrome production printer series equipped with Canon finishing and scanning technology, and a high-speed color multifunction system series incorporating Océ controller technology.

    Since Canon welcomed Océ into the Canon Group in March 2010, the two companies have steadily worked to enhance their business base, building on the excellent complementary fit in technology and product range. In March 2011, Canon and Océ launched their first jointly developed production-use multifunction press.

    Today, the companies announced the next step in their joint development efforts: the launch of new monochrome production printers and high-speed color multifunction systems.

    The new monochrome production printer lineup combines a newly developed engine, made possible through Océ proprietary technology for high-quality, high-resolution output approaching that of offset printing, with a Canon high-performance finisher and scanner. Despite their compact body size, the Canon finishers enable the creation of a variety of print materials. Additionally, the inclusion of Océ's PRISMAsync controller not only provides the exceptional operability of Océ's VarioPrint-series digital printers, but also facilitates advanced system coordination with PRISMAsync-equipped Canon imagePRESS-series and imageRUNNER ADVANCE-series devices. The introduction of the new series serves to further enhance the Canon Group's overall black-and-white system lineup, better positioning the company to provide solutions that meet the increasingly diverse needs of the market.

    The new high-speed color multifunction systems build on Canon's imageRUNNER ADVANCE C9000 PRO series, incorporating Océ's PRISMAsync controller to support high-volume production for the high-speed copying of color documents and forms. Like the jointly developed color multifunction presses announced in March this year, the new systems realize high compatibility with Océ's PRISMA workflow, which is well established in the production industry.

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  • 09.09.2011

    Chesapeake’s new pack innovation

    Chesapeake Hamilton has extended its Figured™ range producing an innovative pack to support four of the collections of malt whiskies from Gordon & MacPhail. The new pack, which helps to reinforce the quality of the whiskies, incorporates two apertures, which is the first time this has been achieved in a composite shaped tube.

    The new pack provides product visibility allowing the purchaser to see the distinctive colour of each whisky as well as the front and reverse of the bottle’s labels. All the packs incorporate foil blocking and have a printed liner to further support the product’s high quality image. In addition, the packs are sealed with an embossed tin-plate lid bearing the Gordon & MacPhail logo.

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  • 09.09.2011

    Orient Paper Announces Production Line Updates

    Orient Paper, Inc., a leading manufacturer and distributor of diversified paper products in northern China, today announced that the Company has successfully completed the construction and installation of the paper manufacturing equipments at its new 360,000 tons corrugating medium paper production facility.

    Following the completion of construction and installation of equipments, the Company is currently engaged in carrying out limited testing procedures with its current power supply system on separate sections of its new production line, and in recruiting and training new employees. Meanwhile, Orient Paper is coordinating with the local government and electricity department to activate the Company's new power station, which will be the primary source of power supply for the new corrugating paper production line. The Company expects the new power station to be activated and the commercial production of the production line to be officially launched in the near term.

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  • 09.09.2011

    Random House Moving to Digital Catalogues in 2012

    Random House is the latest publisher to replace paper catalogues with digital editions. Random will begin the transition with its Random House Children’s  Books division’s summer 2012 list which reps will start selling in January. The three adult groups will begin using all digital catalogues for their fall 2012 lists which the company will start selling in April. 

    According to RH spokesperson Stuart Applebaum, the publisher’s goal “is to transition to paperless catalogues as our primary, broadest, and most effective platforms for presenting a complete, continuously updated seasonal overview of our forthcoming frontlists to our accounts and to our other constituencies.”
     
    HarperCollins was the first major house to move to digital catalogues in 2009. Macmillan and Simon & Schuster are moving to digital catalogues next spring.
     
    The move to digital cataglogues will make title information more timely and be cheaper to produce with Random using the savings to invest more in its consumer-centered sales and marketing programs, Applebaum said.

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  • 09.09.2011

    Quad/Graphics Completes Acquisition of Transcontinental's Mexican Assets

    Quad/Graphics Inc. is pleased to announce that it has completed the acquisition of the Mexican assets of Transcontinental Inc. following final approval of all required regulatory authorities, including the Mexican Federal Law on Economic Competition.

    "We're pleased to advance our interests in Mexico and become the country's leading printer of magazines, retail inserts, catalogs, books and directories," said Joel Quadracci, Quad/Graphics Chairman, President & CEO. "This acquisition supports our strategy to grow profitably in geographies and segments where we can be a market leader through a diverse product offering, and a superior and efficient operating platform. Mexico is a logical place to put down stronger roots. With publishers and marketers - both in Mexico and other parts of the world - eager to reach this emerging market's large and growing population, we have the talent, technology and innovative solutions to help them achieve their business goals through the power of print."

    Quad/Graphics now has operations in five Mexican cities: Toluca, Querétaro, Azcapotzalco, Xochimilco and Tlalnepantla. Year 2011 proforma revenues for the combined company are forecasted to be approximately $115 million.

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  • 09.09.2011

    Green Mill Index launched for the pulp and paper industry

    Pöyry has released an index for analyzing the environmental sustainability of pulp and paper mills. "In many companies sustainability is connected to the company principles and needs to be communicated to various stakeholders. Currently there are no standards available that put all the relevant factors together in a way that gives a comprehensive overview. The Green Mill Index was developed to fill this need", comments Ms Päivi Käki, a technology specialist at Pöyry.

    The Green Mill Index represents the relations of different indicators and overall environmental performance of a mill. As a result, it brings together all pertinent information in a manner that is easy to understand. The outcome of the analysis is valuable for example for measuring environmental sustainability, as a benchmarking or due diligence tool, or as a means of pinpointing weak areas that need performance improvements. "Thinking green is not only good for the environment", reminds Ms Käki, "but it can also provide improvements in efficiency that have a direct impact on the bottom line. By seeing the full picture, you can understand what areas to target."

    Many of the indicators used in Pöyry's Green Mill Index are based on European Commission standards for best available technology, known as BAT levels. For example, the Green Mill indicators for emissions and efficiency refer to the BAT levels. Other indicators are based on actual statistical data collected from several mills.

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  • 09.09.2011

    John Wiley & Sons Reports First Quarter Fiscal Year 2012 Results

    John Wiley and Sons, a global provider of content and workflow solutions in areas of scientific, technical, medical, and scholarly research; professional and personal development; and education today announced results for the first quarter of fiscal year 2012:

    Revenue growth of 5% including FX (+0.4% excluding FX); Revenue growth by segment including FX:  STMS +10%, P/T +0.4%, and HE -2%; Revenue growth by segment excluding FX:  STMS +3%, P/T -2%, and HE -5%.

    US GAAP earnings per share (EPS) increased +$0.10 including FX to $0.82 (up +$0.05 excluding FX). U.S. GAAP EPS includes a $0.14 and $0.07 per share deferred tax benefit in fiscal year 2012 and 2011, respectively. The tax benefit was derived from two consecutive legislative reductions in the United Kingdom corporate income tax rates. The benefits had no current cash tax impact.   

    Adjusted EPS increased +$0.03 to $0.68 including FX (-$0.02 per share excluding FX). Higher operating and administrative expenses were partially offset by lower interest expense, a lower effective tax rate and gross margin growth. Adjusted EPS excludes the deferred tax benefits  described above.  

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  • 09.09.2011

    Xerox Enriches Digital Color Systems with Advanced Color Management, New Finishing and Heavyweight Stock Options

    Xerox Corporation has added two new digital print systems to its industry-leading color portfolio – bringing sophisticated color management technology to more than just high-speed devices.
     
    The company also expanded the functionality of a popular light-production model, the Xerox Color 550/560 Printer. The advancements give print providers new ways to boost productivity and deliver top-notch color print quality – whether they’re entering the digital color business or already in it.
     
    New digital systems broaden Xerox color portfolio
    The Xerox 770 Digital Color Press can help print providers increase monthly print volume by expanding into applications such as photo books, direct-mail pieces, marketing materials and calendars.
     
    A key feature of the Xerox 770 Digital Color Press is the Automated Color Quality Suite, a set of tools that handle color management tasks with minimal operator involvement, allowing for more high-value, profitable applications to move quickly through the shop. The press also prints on a range of stocks, including heavyweight, at the rated speed of 70 pages per minute, a significant competitive advantage. 
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  • 09.08.2011

    Pearson heads media sector in sustainability index review for fifth consecutive year

    Pearson has been named the top company in the media sector for the fifth consecutive year in an annual review for the Dow Jones Sustainability Indexes which measures economic, environmental and social performance in such areas as corporate governance, talent retention and engagement with external stakeholders.

    The review is conducted by SAM, an investment boutique that focuses on sustainability investing, for the Dow Jones Sustainability World Index.

    “Pearson continues to prove that it is a sustainability frontrunner amongst media companies and has, for the fifth consecutive year, confirmed its position as the sustainability leader of the sector,” the review said. “The company shows that it is possible to successfully integrate sustainability into business decisions and is a leading example when it comes to effective engagement with external stakeholders, something that is crucial in the media sector.”

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  • 09.08.2011

    Greenpac Ground Breaking Ceremony

    Cascades and its partners hosted the construction kick off today for the new Greenpac Mill LLC (Greenpac) containerboard mill, to be located in Niagara Falls in New York State. The ground breaking ceremony was held in the presence of Niagara Falls Mayor Paul Dyster, Regional President of the Empire State Development (ESD), Sam Hoyt, Cascades' founders, Bernard, Laurent and Alain Lemaire, Marc-André Dépin, President and Chief Executive Officer of Norampac, the three other project partners and numerous other guests.

    Greenpac is a new corporation created through the efforts of Cascades with the Caisse de dépôt et placement du Québec, Jamestown Container and Containerboard Partners, for the purpose of building and operating a state of the art containerboard mill, one of its kind in North America. Its creation was also made possible thanks to theleadership of GE Capital, who structured a secured financingin the form of senior debt, through an international banking syndicate.

    “Greenpac is the result of a close collaboration between Norampac and its partners, and its realization symbolizes the beginning of a new era for our company and our industry. Through Greenpac, Norampac will be able to offer high performance and innovative products which will better respond to the growing demand for lightweight packaging” declared Marc-André Dépin, President and Chief Executive Officer at Norampac.

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  • 09.08.2011

    Tembec secures $75 million Quebec government loan to upgrade Temiscaming boilers

    Tembec has secured a $75 million loan through Investissement Quebec to upgrade the energy efficiency of its boilers at the producer's marquee forest products plant in Temiscaming.

    The funding was announced Wednesday in the provincial government's Gazette.

    Quebec-based Tembec said details of the program are still being finalized and will be announced within a few months.

    "We were looking at some investment in the Temiscaming plant but the details are not completed and that's why we're not ready at this time to really be more specific," vice-president, communications Linda Coates said in an interview.

    She would not disclose how much money Tembec (TSX:TMB) would be investing in the project nor any potential impact on the 900 workers employed at the facility, including 680 union members.

    The union says workers agreed to various concessions since 2006, conditional on Tembec investing some $300 million by 2015 to modernize the old plant.

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  • 09.08.2011

    Meredith to Increase Rate Bases for Hispanic Ventures Brands

    Meredith Corporation announced today that it will increase rate bases for its industry leading Hispanic media brands.

    Effective with the February 2012 issues:

    Siempre Mujer, the leading Hispanic women's lifestyle publication launched in 2005, will raise its rate base to 550,000 from 500,000, an increase of 10 percent

    Ser Padres, the leading parenting title in the Hispanic market, will raise its rate base to 850,000 from 700,000, an increase of 22 percent

    Ser Padres Espera, aimed at the expecting Hispanic Moms market, will increase to 400,000 from 350,000, an boost of 14 percent

    "This growth reflects the continued demand for our titles among the growing marketplace of young, active Hispanic consumers," says Enedina Vega-Amaez, Publisher, Meredith Hispanic Ventures. "It also demonstrates how well our strong editorial vitality and relevant content appeals to modern Hispanic women and parents."

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  • 09.08.2011

    Crude Oil Declines From 5-Week High as Libyans Discuss Output, Storm Spins

    Crude futures declined in New York, paring yesterday’s 3.9 percent rally, as Libyan officials discussed prospects for resuming production and investors bet that economic growth is faltering.

    Libya’s oil industry will be prepared to start producing again within two weeks, the rebel council’s Oil and Finance Minister Ali Tarhouni said in Tripoli, the Wall Street Journal reported yesterday. The Organization for Economic Cooperation and Development cut growth forecasts for the U.S. and Japan.

    “Markets have adjusted to a level where growth is no longer priced in,” said Kaha Kiknavelidze, a London-based managing partner at Rioni Capital Partners LLP, a hedge fund that specializes in emerging markets.

    Oil for October delivery fell 19 cents, or 0.2 percent, to $89.15 a barrel on the New York Mercantile Exchange as of 11:14 a.m. London time, after rising as much as 0.9 percent earlier today. Futures closed yesterday at $89.34, the highest since Aug. 3. Brent crude for October was at $115.41 a barrel, down 39 cents, on the London-based ICE Futures Europe Exchange.

    Crude in New York has dropped 20 percent since May 2, when it traded as high as $114.83 a barrel amid concern about supply from the Middle East and North Africa. Libyan output slumped to 45,000 barrels a day last month from 1.6 million barrels a day at the beginning of this year, according to data compiled by Bloomberg.

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  • 09.08.2011

    Florida Travel + Life Named Best Magazine in Florida

    Florida Travel + Life has been named the top magazine in the state. It took top honors at the annual Florida Magazine Awards, winning in the Best Overall Magazine category. Florida Travel + Life is published by Bonnier Corp. of Winter Park, Florida.

    "Florida Travel & Life is thrilled and honored to be recognized by our peers in the media. We're proud of our dynamic stories, photos and design, as well as the team that brought it all to life," says Patricia Letakis, editor-in-chief of Florida Travel + Life magazine.

    In addition to winning the top award of the competition, Florida Travel + Life took two other firsts: Best Department and Best Single Color Photo. The magazine also picked up second-place awards for Best Written Magazine, Best Overall Use of Photography, Best Overall Design and Best Visitor Publication.

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  • 09.08.2011

    Start of consultation for Product Footprint Rules for paper

    The Confederation of European Paper Industry (CEPI) and the European Commission DG Environment are launching a consultation for Product Footprint Category Rules (PFCR) for paper and paper products. The paper PFCR is linked to the forthcoming European methodology for the calculation of environmental footprint of products, currently being developed by the Commission services. This is a pilot project testing a new way of adopting PFCR for an industry sector using crowdsourcing and online tools.

    The PFCR development process will be transparent and open allowing all stakeholders to participate in the process. All interested organisations and experts are invited to register themselves now and start commenting on a consultation paper via the online collaboration platform www.paperpfcr.eu as of Monday, 12 September.

    A final PFCR for paper should provide clear guidance for paper companies to conduct environmental footprint studies. In addition, it might represent an important reference document for possible future policy actions both at EU and Member States level.

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  • 09.08.2011

    Fry Communications Wins Six Awards in the Annual Gold Ink Awards Competition

    Fry Communications will be honored September 12 during the Annual Gold Ink Awards and Hall of Fame Gala for winning six awards in the 24th annual competition co-sponsored by industry magazines Publishing Executive, Printing Impressions, and Book Business. Fry won one Silver, two Bronze, and three Pewter Gold Ink Awards this year.

    Fry earned a Silver Award for the 25th Anniversary Edition of Samir Husni’s Guide to New Magazines, published by the Magazine Innovation Center at the University of Mississippi, in the Trade Magazines (Sheetfed) category.

    Fry earned a Bronze Award for the 2011 Heritage Collection, published by Heritage Sportswear, in the Business Catalogs (Web) category, and a Bronze Award for the Musical America Worldwide 2011 Edition, published by United Business Media Global Trade, in the Directories category.

    Fry also received two Pewter Awards in the Consumer Magazines category for Bound by Ink, published by Source Interlink Media, and Worth Magazine, published by Sandow Media. Fry earned a final Pewter Award in the Directories category for the Bahamas 2011 Directory, published by the Bahamas Telecommunications Company, Ltd.

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  • 09.08.2011

    Plastic and paper bag ban proposed for Los Angeles

    Paper or plastic? For shoppers in Los Angeles, the choice may soon be neither.

    Hoping to reduce the billions of grocery bags circulating throughout the city, an L.A. councilman Tuesday called for a sweeping ban on single-use paper and plastic bags.

    By including paper bags in the ban, the proposal goes beyond similar measures taken recently by other California cities and counties. Although L.A. County, Santa Monica and other municipalities have banned plastic bags in recent years, most have allowed stores to sell paper ones for a small fee.

    "With paper bags, you're still generating litter," said Councilman Paul Koretz, who introduced the motion proposing the ban. "We're taking the next step."

    Environmentalists celebrated the news and said they hoped that it would push Sacramento lawmakers to enact a statewide ban.

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  • 09.08.2011

    Stora Enso the only European forestry and paper company listed in the Dow Jones Sustainability Indexes

    Stora Enso has been listed in the Dow Jones Sustainability Index (DJSI) for the 11th year running. The Group is the only European company from the forestry and paper sector listed in the DJSI for 2011-2012. Stora Enso received top industry scores for sustainable forest management, product stewardship and environmental management. The members of the DJSI for 2011-2012 were announced today.

    “We are constantly improving in our Global Responsibility efforts, and being listed in the Dow Jones Sustainability Index for 11th year in a row and still improving our performance in the Index are signs that we are on the right path,” says Stora Enso CEO Jouko Karvinen.

    “We have been rethinking our responsibility approach and made new initiatives such as improving sustainability standards in our supply chain and enhancing engagement with local communities. I'm glad to see that the work we have done is also reflected in the DJSI results. The only way our company can become even more responsible than today is by rethinking - questioning old ways of working and finding new ways and solutions. The key is to listen to our stakeholders and learn from them.”

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  • 09.08.2011

    Stora Enso will record a negative non-recurring item of USD 180 million related to NewPage Stevens Point Mill paper machine lease in third quarter 2011

    Stora Enso will record a provision with a cash impact of approximately USD 180 million (about EUR 128 million) as a negative non-recurring item (NRI) in its third quarter 2011 results due to NewPage Corporation's Chapter 11 filing in the USA. On 7 September 2011 NewPage voluntarily filed for Chapter 11 protection under the US Bankruptcy Code to reorganise its debt.

    When Stora Enso North America, Inc (SENA) was divested to NewPage, the Stevens Point Mill Paper Machine (PM) 35 lease obligation was transferred from Stora Enso to NewPage. However, as explained in the Group's Financial Statements since 2007, Stora Enso remained as guarantor of the lease. Stora Enso intends to recover a portion of the recorded cost related to the lease obligation in NewPage's restructuring.

    In the second quarter of 2009 Stora Enso wrote down to zero value its 19.9% shareholding in NewPage and the vendor note it holds.

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  • 09.08.2011

    Xerox Digital Packaging Solution Now FDA Compliant; Speeds Time to Market in Growing Packaging Industry

    Xerox Corporation’s iGen® family of digital presses and toners are compliant with Food and Drug Administration’s (FDA) guidelines for dry foods.  Customized folding cartons can now be created quickly and cost-effectively, speeding time to market, increasing brand recognition and driving sales. 
     
    According to industry consultancy Pira International, the worldwide digital printing market for packaging and labels is expected to reach $6.75 billion by 2014.[1]

    With Xerox’s digital packaging solution, printers can offer more short-run packaging options to marketers, addressing promotional needs ranging from nationwide launches and regional brands, to specialty items and prototype products.

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  • 09.07.2011

    NewPage Corporation Launches Process to Restructure Debt and Position Overall Business for Long-Term Success

    NewPage Corporation announced today that, to facilitate an orderly debt restructuring and position the overall business for long-term success, its corporate parent, NewPage Group Inc., and certain of its U.S. subsidiaries (collectively, "NewPage" or the "Company") have commenced voluntary cases under Chapter 11 of the United States Bankruptcy Code ("Chapter 11"). The cases are pending in the United States Bankruptcy Court for the District of Delaware. The company's Consolidated Water Power Company subsidiary is not part of the filing.

    Separately, the company's Canadian subsidiary, NewPage Port Hawkesbury Corp., has brought proceedings before the Supreme Court of Nova Scotia under the Companies' Creditors Arrangement Act of Canada ("CCAA"). In order to maximize efficiency in both the U.S. and Canadian Court processes, NewPage Corporation and NewPage Port Hawkesbury Corp. have executed a Settlement and Transition Agreement, subject to approval by the Canadian Court. 

    Through the Chapter 11 process, NewPage expects to work closely with its creditors and other stakeholders in the U.S. to formulate a Chapter 11 plan that details how it intends to satisfy its liabilities and restructure its balance sheet to emerge as a financially stronger company. The company expects to continue operating its U.S. businesses as usual throughout this process with an undiminished focus on providing customers with high-quality paper and employees with a stable and safe working environment. To help ensure it has adequate liquidity to achieve these objectives and continue to operate and compete successfully throughout the restructuring, NewPage has obtained a commitment led by J.P. Morgan for up to $600 million in Debtor in Possession (DIP) financing.

    Additionally, NewPage has filed a series of customary First Day Motions in the United States Bankruptcy Court that, subject to court approval, would allow it to continue its U.S. employee wages and benefits programs, honor obligations for customers served by its U.S. businesses and provide additional protection to various other stakeholders. These motions are typical of the Chapter 11 process and are generally granted in the days immediately after a filing.

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  • 09.07.2011

    RR Donnelley Expands Packaging Design and Production Capabilities With Acquisition of Genesis

    R. R. Donnelley & Sons Company today announced that it has acquired Lemont, IL based Genesis Packaging & Design Inc., a full service provider of custom packaging, including designing, printing, die cutting, finishing and assembling.

    "We continue to expand our capabilities to serve our customers' packaging and merchandising needs," said John Paloian, RR Donnelley's Chief Operating Officer. "The addition of Genesis complements our platform with a centrally located facility, a superb range of capabilities and deep experience. Genesis enhances our ability to serve packaged food and beverage producers, pharmaceutical companies, consumer electronics manufacturers, retailers, consumer packaged goods producers, educational publishers, and a range of other customers."

    Beyond packaging production, Genesis (www.genesispkg.com) offers a broad spectrum of services, including the design and production of point-of-purchase displays and signage. The operation features a range of value-added capabilities, including the ability to print and coat on the inside of packaging products, which is especially attractive to customers in the food and beverage industry.

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  • 09.07.2011

    AbitibiBowater Increases FSC® Forest Management Certification in Northern Ontario

    AbitibiBowater announced today that it has received Forest Stewardship Council® (FSC) certification for the Black Spruce and Dog River-Matawin Forest areas, north of Thunder Bay, Ontario. This area covers approximately 2.5 million hectares of forest stretching from Lake Nipigon to Quetico Provincial Park.

    "This certification represents a major increase in the amount of forest AbitibiBowater now manages under FSC," said Richard Garneau, President and Chief Executive Officer. "This effort is part of our ongoing strategy to meet market expectations as well as ensuring our commitment to sustainable forest management."

    The FSC certification process took more than a year to complete and the certification audit entailed four auditors interviewing stakeholders including local citizens committees, community leaders, First Nations communities and various forest contractors working in the region. The two forest regions were certified by the SmartWood Program of the Rainforest Alliance using the National Boreal Standard of FSC. The certificate (FSC-C107523) is valid for five years subject to the annual Surveillance audits.

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