Paperclips Blog | Gap Inc Results

  • 06.25.2012

    Sappi Fine Paper Cloquet Mill Announcement

    Due to exceptionally high rainfall in the Northern Minnesota region this past week, we are experiencing flood conditions at our Cloquet mill site. In order to ensure the safety of our employees, and to take the precautions necessary to protect our plant assets, we have temporarily suspended pulp and paper manufacturing operations.

    We expect the resumption of normal operations in the next several days. Water levels have begun to recede and we have resumed truck shipments of yarded loads out of the site today. At this time, we do not anticipate significant delays in meeting customer orders due to flexibility in our machine schedules and strong inventory positions.

    If you have any questions regarding the status of orders due to ship over the next several days, please do not hesitate to call your inside sales representative. We value your business and look forward to meeting your service needs.

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  • 06.22.2012

    SmartMoney Magazine To Fold Print Edition

    After 20 years in print SmartMoney magazine will cease its print presence with the August issue and direct all of its content efforts to SmartMoney.com. At the same time the Dow Jones publication will expand its digital team (to 15) and report to the managing editor of The Wall Street Journal Digital Network Raju Narisetti. Smart Money was started in 1992 as a joint venture between Dow Jones & Co. and Hearst Corp. (now-Hearst Magazines president David Carey was the founding publisher), but Dow Jones acquired full ownership in 2010.

    The 25 print magazine staffers set to lose their position will have the opportunity to apply for the new digital spots at SmartMoney.com and at Dow Jones.

    In a statement regarding the decision to fold the magazine, Dow Jones & Co. editor-in-chief Robert Thomson said in a statement: “It’s clear that the volatility of markets and asset classes has increased the need for rapid delivery of personal finance intelligence, so we will be expanding our team and presence on the Web.”
     
    The magazine was leaking ad pages at a noticeable clip. According to min's boxscores, 2012 ad pages 232 were -9.28% through July.

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  • 06.22.2012

    Valassis Audience Network Enhances Reach with Digital Acquisition

    Valassis, one of the nation's leading media and marketing services companies, today announced it has enhanced its digital display network -- the Valassis Audience Network -- with the acquisition of Brand.net, an online display, video and mobile advertising platform. Combined with the Valassis Audience Network, the components of an expansive network of online and offline data, state-of-the-art ad serving and targeting technology, come together -- Valassis is Re-Imagining Reach™.

    With Brand.net, the Valassis Audience Network now enables advertisers to reach and influence consumers on their journey from awareness to action with greater relevance, impact and results. Re-Imagining Reach highlights Valassis' strength of reaching today's diverse consumers at a scale and accuracy unmatched by others, getting the right message to the right consumer in the right medium at the right time.

    "The traditional path to purchase was linear and brought the consumer from awareness to action one step at a time," said Rob Mason, Valassis President and Chief Executive Officer. "Today, consumers are in control and their media habits are changing at a remarkable rate which means that clients need to use a mix of media to stay both visible and relevant. That's where Valassis has a proprietary advantage -- we deliver targeted, print and digital solutions to engage consumers at every point along the path to purchase."

    Whether marketers are interested in building awareness or driving purchase behavior, Valassis can meet their objectives by integrating their offline and online promotions.

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  • 06.22.2012

    Rite Aid Reports First Quarter Fiscal 2013 Results

    Rite Aid Corporation today reported improved financial results for the first quarter ended June 2, 2012. 
     
    The company reported revenues of $6.5 billion, a net loss of $28.1 million or $0.03 per diluted share and Adjusted EBITDA of $274.2 million or 4.2 percent of revenues. Results benefited from continued growth in same store sales and an improvement in gross margin. 
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  • 06.22.2012

    Court Approves HMH Restructuring Plan

    The judge overseeing Houghton Mifflin Harcourt’s Chapter 11 proceedings approved the company’s restructuring plan Thursday morning, clearing the way for the publisher to emerge from bankruptcy. The plan, which received the full support of HMH’s creditors, will eliminate about $3 billion of debt, mainly by exchanging debt for equity.
     
    The only glitch in what has been a smooth route through bankruptcy was the decision by Judge Robert Gerber to move the case to another court at the request of a bankruptcy watchdog. The new court will take over the remaining proceedings in the case either on the date the plan becomes effective or three weeks after his confirmation order is entered, whichever comes first. A final confirmation order is expected shortly.
     
    HMH first filed for bankruptcy May 21, and cited debts of $3.5 billion as of March 31, compared with assets with a book value of nearly $2.7 billion.
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  • 06.22.2012

    Is AR the New QR? Augmented Reality Pioneer Publishes Demo Mag

    To demonstrate the power of its new Layer Creator tool for applying augmented reality to print, Netherlands-based tech firm Layer has published a magazine. The 32-page print book is available from the company site and when paired with the Layer mobile smartphone app shows what AR can do. From pop-up 3D models to a video activated cover, the magazines works in synch with the app to brings digital enhancements immediately onto the page. (see video at bottom)
     
    AR is nothing new to print, of course. Popular Science, Esquire and others have used the technique is a range of test enhancements. GQ magazine has announced that a number of pages in its September issue will work with a branded companion app to bring “GQ Live” to life.

    But Layer’s initiative marks the fledgling AR industry’s more aggressively setting its sights on the print world. Layer has released its Creator web-based tool that lets publishers add AR content to their print pages. At the same time the company announced appointment of a new CEO, Quintin Schevernels, who has roots in both the Internet and print world. He was COO of VNU Media.
     
    The moves suggest a new stage of mobile technology courting the print industry with the promise of enhancing 2D media with interactivity. In recent years, mobile code providers like Microsoft, Digimarc and SnapTag have competed to endear themselves to publishers as preferred mobile activation sources. We may be seeing another wave of similar courtships from augmented reality providers.

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  • 06.22.2012

    Freedom Communications Announces Close of Sale of Texas Publishing Assets

    Freedom Communications announced today that the sale of the print and online publishing assets of its Texas properties, The Brownsville Herald, El Nuevo Heraldo, The Harlingen Valley Morning Star, The Monitor in McAllen, The Odessa American and The Mid Valley Town Crier in Weslaco, to AIM Media Texas, LLC has closed.

    Terms of the transaction were not disclosed. In conjunction with the transaction, AIM previously announced that all Freedom employees at these publications will continue in their respective jobs and positions with the new company.

    "This transaction presented an excellent opportunity to provide our shareholders with enhanced value for their investments while also ensuring that the communities involved continue to receive the great service they have been accustomed to receiving from Freedom," said Mark McEachen, Freedom Executive Vice President, Chief Operating Officer and Chief Financial Officer.

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  • 06.22.2012

    Catalyst Paper announces Update on CCAA Plan of Arrangement

    Catalyst Paper today announced an update on the status of its discussions regarding a new asset backed loan (ABL) facility and an exit financing facility. While Catalyst has not yet agreed to terms with any lender, Catalyst believes that the exit facility lender or lenders may require that the exit facility be secured by a charge on the assets of Catalyst and its subsidiaries that ranks equally with or in priority to the security to be granted to holders of the New First Lien Notes, as previously described in Catalyst’s information circular dated March 23, 2012 (the Circular) and as provided for in the Further Amended Plan of Arrangement scheduled to be voted on at meetings of the unsecured and secured creditors of Catalyst on June 25, 2012.  As a result, the trust indenture to be entered into in connection with the New First Lien Notes will include a provision permitting the granting of such security and addressing any related subordination arrangements in connection with an exit financing facility in a principal amount of up to $100 million and the terms of the New First Lien Notes as described in the Circular are amended accordingly.  Catalyst will provide further information as discussions continue in connection with the ABL and exit financing facilities.
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  • 06.22.2012

    AAA Fuel Gage & Exchange Rates

    AAA’s Fuel Gage Report as of 6/22/12
    National Unleaded Regular:
    Current Average - $3.454/gallon
    Month Ago Average - $3.678/gallon
    Year Ago Average - $3.626/gallon
    Highest Recorded Average - $4.114/gallon on 7/17/08
    Diesel:
    Current Average - $3.738/gallon
    Month Ago Average - $3.981/gallon
    Year Ago Average - $3.967/gallon
    Highest Recorded Average - $4.845/gallon on 7/17/08

    Current Exchange Rates as of 6/21/12
    American Dollar to Canadian Dollar = 0.981634 (120 day high - 1.01905 on April 26, 2012; low 0.961252 on June 5, 2012)
    American Dollar to Chinese Yuan = 0.157112 (120 day high – 0.159363 on May 2, 2012; low 0.156858 on June 8, 2012)
    American Dollar to Euro = 1.267 (120 day high - 1.3454 on February 28, 2012; low 1.2322 on June 1, 2012)
    American Dollar to Japanese Yen = 0.0124877 (120 day high – 0.0131387 on February 2, 2012; low 0.0119026 on March 21, 2012)
    American Dollar to Mexican Peso = 0.0730791 (120 day high – 0.0793808 on March 14, 2012; low 0.0691788 on June 1, 2012)

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  • 06.22.2012

    Crude Oil Trades Near Eight-Month Low, Heads for Weekly Decline

    Oil traded near an eight-month low below $80 a barrel in New York and headed for a second weekly decline amid signs of a global economic slowdown that may curb fuel demand.

    Futures were little changed after decreasing 4 percent yesterday, the biggest drop this year. German business confidence fell to the lowest in more than two years in June as the worsening sovereign debt crisis clouded the economic outlook. The Federal Reserve Bank of Philadelphia’s economic index yesterday signaled the biggest contraction in manufacturing in almost a year.

    “The euro-zone implosion brought prices down significantly,” said Hannes Loacker, an analyst at Raiffeisen Bank International AG (RBI) in Vienna, who predicts oil will rebound. “The market is being dominated by disappointing key indicators from the U.S. and China, and a lethargic stance from Saudi Arabia at the last OPEC meeting on its readiness to cut back production.”

    Oil for August delivery fell as much as 64 cents to $77.56 a barrel, the lowest since Oct. 5, in electronic trading on the New York Mercantile Exchange and was at $78.14 at 9:31 a.m. London time.

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  • 06.22.2012

    American Forest & Paper Association Releases May 2012 Printing-Writing Paper Report

    According to the American Forest & Paper Association’s May 2012 Printing-Writing Paper Report, total printing-writing paper shipments increased 1 percent in May compared to May 2011.  Shipments for the two coated printing-writing grades posted year-over-year increases compared to last May while shipments for the two uncoated grades declined.  U.S. purchases (shipments + imports – exports) of printing-writing papers decreased 1percent in May.  Total printing-writing paper inventory levels also changed by 1 percent, decreasing compared to last month.

    Additional key findings include:
    Shipments of coated free sheet (CFS) papers increased the most among the four printing-writing grades year-over-year.  The increase is the largest since September 2010.
    Shipments of coated mechanical (CM) papers also increased the largest year-over-year since September 2010.
    Shipments of uncoated free sheet (UFS) papers decreased year-over-year by less than one percent.
    Uncoated mechanical (UM) paper shipments continue to decline year-over-year following on the heels of 15 consecutive year-over-year increases from January 2010 through March 2011; average growth during those 15 months was 17 percent. 

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  • 06.22.2012

    American Forest & Paper Association Releases May 2012 Kraft Paper Sector Report

    The American Forest & Paper Association released its May 2012 Kraft Paper Sector Report on Tuesday.  Total Kraft paper shipments were 139.2 thousand tons, an increase of 2.3% compared to May 2011.  Total inventory was 70.1 thousand tons the month.  Total Bleached Kraft shipments increased year over year for all months in 2012.
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  • 06.22.2012

    Toshiba Cancels “No Print Day”

    Sorry, Tree, back to work! Via Printweek, Toshiba has relented, and has decided to abandon its ill-advised No Print Day:

    In a letter to its members, Printing Industry of America (PIA) president Michael Makin announced: “Toshiba has agreed to abort its National No Print Day!”
     
    Makin’s letter went on to describe his conversation with Toshiba USA senior vice president of marketing, services and solutions, Bill Melo, regarding Toshiba’s “ill-conceived initiative”.
     
    In it Makin states: “Mr. Melo was quite ‘concerned’ with how the campaign had been received by the commercial printing industry and stressed it was never the intent of his company to disenfranchise or insult our industry. He explained that the campaign was always directed at the office marketplace where he opined there was needless waste.”
     
    Toshiba still plans to revisit a campaign to reduce office waste, but assures that it will not demonize an entire industry in the process.

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  • 06.22.2012

    Update on Cloquet Mill Operations

    Flooding conditions have not yet abated at the Cloquet mill.  We now estimate the resumption of normal mill operations sometime this weekend, June 23-24.  In order to ensure the safety of our employees, only skeleton crews are on site, focused on plant protection activities.  We are currently assessing the impact on pulp and paper customers, but at this time do not expect significant disruptions.  We will keep you updated with more details as we assess conditions.

    We are grateful that there have been no reported employee injuries. Our thoughts are with our Cloquet employees, many of whom may be experiencing hardship from this flooding.

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  • 06.21.2012

    Mitchell Press Broadens Its Services with Acquisition of Teldon Print Media

    Mitchell Press and Teldon Media Group announced that Mitchell has acquired Teldon Print Media, making it the Pacific Northwest’s largest independently owned provider of heatset web offset printing services. This division of Teldon Media Group provides end-to-end printing services for customers across Canada and the United States, including digital, sheetfed and web printing.

    This acquisition will enable Mitchell to expand its portfolio of equipment and services, and further its strategy to extend the company’s printing platform. With this acquisition, the printer will add significant volume to its operation, while also adding the required equipment to ensure there is always available capacity to manage a significant increase in demand for web printing services.

    “This acquisition is a strong complement to our business and a testament to the standards of excellence Teldon has built in our industry,” said Mitchell Press President Howard Mitchell. “By adding both these additional capabilities and the associated revenue to our business, we will build upon Mitchell Press’ established brand and strategically build an even stronger range of services for our customers”.

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  • 06.21.2012

    Clearwater Paper Comments on U.S. District Court Decision

    Clearwater Paper Corporation today commented on the ruling in the United States District Court for the District of South Carolina in favor of Metso Paper USA and Clearwater Paper in connection with a lawsuit filed by First Quality Tissue SE, LLC that sought to enjoin Metso Paper from delivering a Through-Air-Dried, or TAD, paper machine to Clearwater Paper.

    "Clearwater Paper is very pleased with the court's decision to deny the request for injunctive relief and dismiss the amended complaint, and we look forward to completion of our Shelby TAD paper machine facility," said Gordon Jones, chairman and chief executive officer. "We expect that the final components of our TAD paper machine will be delivered by Metso Paper by July 2012, pursuant to our contract with them, and that our Shelby TAD paper machine facility will be completed and begin operations prior to the end of 2012."

    In 2010, Clearwater Paper contracted with Metso Paper to construct a TAD paper machine for its tissue manufacturing and converting facility under construction at Shelby, North Carolina. Clearwater Paper's contract with Metso Paper calls for an expected delivery of the TAD paper machine by July 2012. In August 2011, First Quality filed a lawsuit against Metso Paper seeking to enjoin Metso Paper from delivering the TAD paper machine to Clearwater Paper based on the terms of an agreement between Metso Paper and First Quality. Clearwater Paper intervened in the litigation in November 2011 to ensure representation of its interests.

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  • 06.21.2012

    Ahlstrom to complete the transfer of Brazilian wipes business in the third quarter 2012

    Ahlstrom, a global high performance materials company, estimates that the transfer of the Brazilian operation of its former wipes fabrics business, Home and Personal, to Suominen Corporation will take place in the third quarter of 2012.

    Ahlstrom had previously anticipated that the transfer would have taken place in the second quarter of 2012. The transfer is subject to receiving all necessary Brazilian regulatory permits for the operations.

    The Home and Personal business area excluding the Brazilian part of the operation was transferred on October 31, 2011 to Suominen Corporation. Receiving an approval from the competition authorities in Brazil is not a prerequisite for completing the transaction.

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  • 06.21.2012

    Domtar releases updates to its online tool - The Paper Trail

    To bolster its industry-leading transparency tool, Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced an expansion of its award-winning site, The Paper Trail (www.domtarpapertrail.com).  The move adds more products and an additional mill, among other updates, to help customers learn even more about the environmental and social impacts of Domtar paper.

    Since its launch in June 2011, industry observers and sustainability experts, including Joel Makower, Executive Editor of GreenBiz.com, have noted that the site's transparency gives the tool and Domtar credibility. With its third update to The Paper Trail, Domtar's online calculator will now include:

    Two additional products - EarthChoice® Tradebook, the first publishing grade to be highlighted in the tool, and Lynx® Opaque Ultra, a popular commercial printing paper;
    Pictures, stories and a history of Domtar's Nekoosa, Wisconsin mill, where paper making traces its heritage back to 1840;
    Updated environmental impact data for all grades highlighted within the tool, ensuring results are accurate and relevant; and,
    Newly posted pictures and stories for mills previously included in The Paper Trail.
    "We're pleased that The Paper Trail has set the standard among today's industry calculators, and we're proud that we've raised the bar even further by providing additional transparency," said Lewis Fix, Domtar Vice-President of Sustainable Business and Brand Management.  "By continually expanding The Paper Trail, we're helping our customers gain a broader understanding of the Domtar story, and a better visibility of where their products come from."

    The Paper Trail (www.domtarpapertrail.com) develops personalized reports that measure Domtar products across five categories:  water usage, the distance its fiber travels to a paper mill, greenhouse gas (GHG) emissions, waste send to landfills and renewable energy usage.  The Paper Trail also illustrates how Domtar compares to the rest of the industry in these categories.  In cases where the environmental impact can be improved, Domtar voluntarily discloses the information, as well as the efforts underway to make improvements.

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  • 06.21.2012

    Forest Industry Applauds Pacific Trade Talks

    The Forest Products Association of Canada (FPAC) welcomes the government’s acceptance into negotiations to reach a Trans Pacific Partnership (TPP) aimed at reaching a free trade deal with a group of important markets including Australia, Vietnam and Peru. Canadian forest companies recognize the need to deepen trade relations with these lucrative and growing consumer markets.
     
    Increased exports are also essential for the forest products industry to reach its Vision2020 goal of generating an additional $20 billion in economic activity from new innovations and growing markets
     
    “Growing our exports to overseas markets is vital to our Vision and the future prospects of Canada’s forest products sector,” says Catherine Cobden, the President and CEO of FPAC. “We applaud the government’s commitment to freeing up trade with this wide range of countries.”
     
    Exports of forest products from Canada are now worth $26.4 billion. Canada has a trade surplus in forest products of $17.2 billion, second only to oil and gas.
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  • 06.21.2012

    Holmen TRND – A new and challenging magazine paper

    Holmen TRND is an uncoated, matt paper with high bulk and stability. The raw, tough surface gives magazines attitude, while text and images get a boost from the excellent printability of the paper.
     
    We are very happy to be introducing this product today. Holmen TRND is an exciting paper for those who dare to challenge the traditional paper selection and stick out. With the introduction of Holmen TRND, we fill a need in the market for magazine paper with a bit more attitude, says Tommy Wiksand, Sales and Development Director at Holmen Paper.
     
    Holmen TRND comes in the base weights 60, 70 and 80 grams and in the colours white and vintage- a warm nuance that gives another exciting dimension to the expression of the magazine.
     
    TRND is suitable for offset printing and can be delivered in widths up to 2 750 mm.
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  • 06.21.2012

    Metsä Group to renew pulp production process in Joutseno

    Metsä Group will invest EUR 15 million in developing the production process at the Joutseno pulp mill. With Metsä Group’s product and process development work, the world’s largest single-line softwood pulp mill, located in Joutseno, Finland, will adopt a new pulp manufacturing process – polysulphide cooking. Polysulphide technology has never been applied on such a large scale before.

    With the investment, Metsä Group will launch a new kind of softwood pulp on the market, which will improve customers’ cost-efficiency and the technical properties of the final products: paper and board.
     
    ”The investment will strengthen Metsä Group's position in the global softwood pulp market further, as we will be launching a unique product that improves the competitiveness of our customers. At the same time, we will increase the production capacity of our mill by almost 10 per cent and improve the efficiency of production. The investment is proof of the vitality of the Finnish forest industry,” says Ismo Nousiainen, Senior Vice President, Production at Metsä Fibre.
     
    The main equipment will be supplied by Andritz Oy. Construction will begin in the autumn 2012, and the process will be commissioned in the summer 2013.

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  • 06.21.2012

    New York to Increase Design Hunting Frequency Next Year

    Citing strong response to is debut May issue of Design Hunting, New York magazine says it will publish March and September 2013 issues. The launch issue included 74 ad pages, and the overwhelming majority (74%) represented clients that were new to the New York brands.
     
    The company says that the issue’s mix of aspirational design examples and practical resource guides fill a need in the shelter category. The advertising in the debut issue was a blend of domestic and global brands as well as local resources, showrooms and merchants.
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  • 06.21.2012

    Norske Skog invests a quarter of a billion in Halden

    Norske Skog will invest NOK 220 million in an expansion and renewal of the thermo-mechanical pulp plant at Norske Skog Saugbrugs in Halden. The old pulp plant will be replaced by a modern facility, which will supply pulp to the paper machines at a much lower cost than today.

    The cost savings consist mainly of lower energy and pulp consumption and lower maintenance costs. Increased use of wood pulp in the paper will also result in improved quality. Enova has pledged support of NOK 50 million, because of the considerable energy savings from the project. Start-up of the pulp plant will take place during spring 2014.

    Investments in the new pulp plant will give increased competitiveness. We do this in order to be able to maintain operations at Saugbrugs, says President and CEO in Norske Skog, Sven Ombudstvedt.

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  • 06.21.2012

    20 Years After RIO - UPM Paper Delivers More With Less

    The first Rio Earth Summit in 1992 challenged business to follow a more sustainable path; to create more value using less raw materials and with less environmental impact. UPM picked up that gauntlet and today our paper is more than it used to be. Our Economist case study shows why.

    “Now, 20 years on from Rio, we decided to look back and ask ourselves the question just how much have we achieved in that time,” says Jyrki Ovaska, President of UPM Paper.

    UPM chose The Economist, an internationally renowned news and business publication, as a real life example to illustrate the progress. The Economist has, almost exclusively, been produced on UPM paper for those 20 years.

    The study showed that in the production of paper used for The Economist 90 percent less fossil carbon emissions are now released, 35 percent less water is used and the amount of production waste to landfill has declined by an incredible 90 percent compared to 1992. These impressive results are complemented by the share of PEFC certified fibre used in that paper rising from zero to 100 percent and the producing mills being awarded the EU Ecolabel in 2007.

    “Using this example allowed us to paint an accurate picture of how much the environmental footprint of the paper used for that particular publication has changed since the first Rio Earth Summit. We even surprised ourselves with the impressive results,” Päivi Salpakivi-Salomaa, UPM’s Vice President, Environment continues.

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  • 06.21.2012

    Cox Target Media Acquires Savings.com

    Cox Target Media has completed its acquisition of Savings.com, including its sister site, London-based Savoo.co.uk as a wholly owned subsidiary. Savings.com joins Valpak as a Cox Target Media company.

    Savings.com is a leading online source for savings, personalized deals and the most knowledgeable money-savings experts online through its DealPro community. Valpak offers localized print and digital savings fueled by a network of franchisees in communities across North America. Through this acquisition, Cox Target Media substantially expands its business across traditional, digital, social and mobile platforms to solve unmet marketing industry needs.

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  • 06.21.2012

    Kohl’s Department Stores Powers Up Solar Initiative with 30 New Locations in 2012

    Kohl’s Department Stores today announced that the company will expand its solar program by nearly 25 percent in 2012, installing solar panels at approximately 30 additional Kohl’s locations. While some of the new solar sites will be in states such as California, Connecticut and Maryland where Kohl’s already has a solar presence, additional sites will be located in new solar states for Kohl’s, including Massachusetts, New York and Ohio. On average, the solar panels will supply 20 to 50 percent of each store’s energy. Construction of the solar panel arrays on the first phase of stores began this spring. Once the installations are complete by the end of 2012, Kohl’s expects to have more than 150 solar locations across 13 states.
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  • 06.20.2012

    MeadWestvaco Introduces New Medication Packaging for Patients and Pharmacists

    MeadWestvaco Corp., a global leader in packaging and packaging solutions, introduced Shellpak®Renew, a new package designed to meet patient and pharmacist needs. The package, which will launch at more than 3,600 Walmart pharmacies this summer, features a tear-resistant, recyclable outer carton, an easy-slide blister and an integrated calendar for patients to easily track their medications.

    “Medications prepackaged in Shellpak Renew make dispensing medications quicker and easier so that our pharmacists can spend more time counseling our patients, including providing instructions on how to take their medications,” said Sandy Kinsey, vice president, Pharmacy Merchandising at Walmart Stores. “In addition, the calendarized packaging helps reinforce to our customers how to take their medications safely and effectively for the best outcome.”

    The development of Shellpak Renew is part of MWV’s long-standing commitment to further awareness and solutions for poor medication adherence. Research shows that half of all patients in the U.S. today do not take their medicines as prescribed. Poor medication adherence can lead to worsening of disease, serious and avoidable health risks, increased hospitalizations and even death. The annual cost of non-adherence in the U.S. is estimated to be $290 billion, representing 13% of total healthcare expenditures.1

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  • 06.20.2012

    FetterGroup Is First U.S. Printer to Purchase Heidelberg Speedmaster XL 75 Anicolor Press

    FetterGroup (Louisville, KY) is the first U.S. company to purchase a new Heidelberg Speedmaster XL 75 Anicolor press in a seven-color configuration with aqueous coater. The press will be used in the production of uniquely sized decorative labels for FetterGroup’s growing list of clients in several highly regulated markets. The company also provides services to the distilled spirits, wine, healthcare and specialty consumer packaged goods industries.
     
    Fetter’s decision to purchase the Speedmaster XL 75 Anicolor machine bespeaks its long habit of investing in state-of-the art technology for the benefit of its customers. In terms of the company’s production metrics, for example,
     
    “Labels are a significant part of FetterGroup’s overall business,” said Ted Hagler, executive vp, operations. “Over time, we’ve seen our average sheet count fall and our waste increase. It wasn’t a sustainable proposition. Existing alternative production platforms don’t favor the full scope of the work we do, and when we factored in all of the product requirements, economics, and unique needs, we knew we had to look in a different direction.”
     
    The company works primarily with 60- and 70-lb. one-side coated, C2S and metallized stocks. It had been quality-testing Heidelberg’s small-format Speedmaster XL 52 Anicolor for some time with excellent results, but needed the medium-sized format of the XL 75 to accommodate the size and quantity of the labels it runs.
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  • 06.20.2012

    RR Donnelley Recognized With Sears Canada Partners in Progress Award for Specialty Services Supplier of the Year

    R. R. Donnelley & Sons Company today announced that it has been recognized as the 2011 Sears Canada Inc. Partner in Progress for Specialty Services Supplier of the Year in honor of its performance in supporting Sears Canada with catalog and other printing, logistics and related services. Partners in Progress awards are granted to the top one percent of Sears Canada's suppliers and RR Donnelley was one of only three providers to Sears Canada honored with a Category Supplier of the Year award.

    "Being named a Partner in Progress reflects your commitment to be the best in your industry and your ability to achieve at a high level," stated Calvin McDonald, President & CEO of Sears Canada Inc.

    "The catalogs and other projects that RR Donnelley produces for us help to carry the Sears Canada brand to our customers," said Enza Marrella, Sears Canada's Director, Print Operations and Distribution. "These catalogs and other communications play an important role in bringing consumers to our stores and website, so we are demanding about the standards of their quality and are pleased to be able to count on RR Donnelley to deliver."

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  • 06.20.2012

    Adobe Reports Strong Second Quarter

    Adobe Systems Incorporated today reported financial results for its second quarter of fiscal year 2012 ended June 1, 2012.

    Second Quarter Financial Highlights
    •Revenue in Q2 FY2012 was $1.124 billion, which represents 10 percent year-over-year growth
    •Diluted earnings per share were $0.45 on a GAAP-basis, and $0.60 on a non-GAAP basis.
    •Operating income was $305.1 million and net income was $223.9 million on a GAAP-basis.  Operating income was $404.4 million and net income was $299.6 million on a non-GAAP basis.
    •Deferred revenue grew by $43.9 million quarter-over-quarter to a total of $592.8 million.

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  • 06.20.2012

    American Forest & Paper Association Releases May 2012 Paperboard Report

    The American Forest & Paper Association released its May 2012 U.S. Paperboard Report today.  Total boxboard production decreased by 0.3% compared to May 2011 but increased 2.8% from last month.  Unbleached Kraft Folding production increased over the same month last year and increased compared to last month.  Total Solid Bleached Boxboard & Liner production increased compared to April 2011 and increased compared to last month.  The production of Recycled Folding decreased compared to April 2011 but increased when compared to last month.
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  • 06.20.2012

    American Forest & Paper Association Releases May 2012 U.S. Containerboard Statistics Report

    The American Forest & Paper Association (AF&PA) released its May 2012 U. S. Containerboard Statistics Report yesterday.  Containerboard production rose 1.3% over the same month last year and 7.2% compared to April 2012.  The month over month average daily production also reflect an increase of 3.7%.  The containerboard operating rate for May 2012 gained 3.7 points over April 2012, from 91% to 94.7%.
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  • 06.20.2012

    Postal delivery improves; PostalVision offers USPS growth strategies

    During the past year, ABM, along with other publishers, associations and service providers, has been working with the United States Postal Service on a number of issues relating to delivery, including late delivery of publications, changes in delivery standards, facility consolidations and arrival times at postal facilities.
     
    According to Red Tag News Publications Association, which monitors delivery of approximately 45 daily, weekly, bimonthly and monthly periodical publications, USPS has shown significant improvement in the last six months. Delivery trends for weekly Red Tag member publications include:
    •From January 2012 to May 2012 overall delivery improved from 61 percent to 76 percent. •All areas are in the 70 percent and greater range, which is a first time ever event •One area improved delivery 24 percent from January to May. Copies delivered later that one day has decreased from 20 percent in January to 9 percent in May. In August of 2011, 28 percent of the copies were delivered more than one day late (this is a critical number which has a dramatic effect on subscriber satisfaction levels).

    The postal service has also released its delivery percentages by postal area for May: Eastern: 78 percent •Northeast: 78 percent •Western: 77 percent •Great Lakes: 76 percent •Capital: 75 percent •Pacific: 73 percent •Southern: 70 percent.

    Meanwhile, last week’s PostalVision conference, held in Washington, D.C. by consultancy Ursa Major Associates, looked at the role of the Postal Service in the digital arena. Attendees included digital companies, Postal Service representatives, Postal labor unions, customers and service providers across all classes of mail.
    According to WhatTheyThink.com, there were three main takeaways from the event: 1) Congress will never let the USPS go under; (2) USPS can only embrace digital technologies via work share contracts with the private sector and 3) the USPS is still a $50 billion business projected to handle half the world’s mail volume by 2020.

    Much of the event focused on the USPS’ opportunity as a platform. Keynote speaker Phil Simon, author of The Age of the Platform; How Amazon, Apple, Facebook and Google Have Refined Business,” shared how industry leaders are developing “plan ecosystems” offering features, applications, programs and services which also urge innovations from outside partners and developers.

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  • 06.20.2012

    MagnaGlobal, ZenithOptimedia revise ad outlooks

    Two major media forecasters, MagnaGlobal and ZenithOptimedia, downgraded their global ad estimates for this year.

    MagnaGlobal, New York, said global ad revenue will reach $480.0 billion this year, up 4.8% over last year. That was down slightly from a December forecast of 5.0% growth.

    MagnaGlobal attributed the downgrade to Western Europe's “shaky economy.”

    In North America, ad spending is expected to reach $165.0 billion this year, up 3.9% over last year and a revision from 3.7% growth MagnaGlobal had predicted in December.

    ZenithOptimedia, London, said global ad spending will reach $502.0 billion, up 4.3% over last year. That forecast is down from a projected increase of 4.8% in March.

    ZenithOptimedia said global ad spending slowed in April and May as advertisers became cautious about the world economy.

    In North America, ad spending will reach $171.2 billion this year, up 3.6%, unchanged from the March forecast.

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  • 06.20.2012

    Barnes & Noble Reports Fiscal 2012 Year-End Financial Results

    Barnes & Noble, Inc. today reported sales and earnings for its fiscal 2012 fourth quarter and full year ended April 28, 2012.  The company also announced that it recently completed the evaluation of its reporting segments and will now report results for a separate “NOOK” operating segment.  BN.com, previously a separate reporting segment, will now be included in the Retail segment.
     
    Fourth quarter consolidated revenues increased 0.4% to $1.4 billion as compared to the prior year.  The consolidated fourth quarter earnings before interest, taxes, depreciation and amortization (EBITDA) loss of $11.1 million improved 51% as compared to the prior year.  The consolidated fourth quarter net loss improved 3% as compared to the prior year to $57.7 million, or $1.08 per share.
     
    For fiscal 2012, consolidated revenues increased 2% to $7.1 billion as compared to the prior year.  Fiscal 2012 consolidated EBITDA increased 5% to $171.4 million.  Included in these results are pre-tax legal and settlement-related net expenses of $20.7 million, and $14 million relating to patent litigation with Microsoft, which as announced on April 30, 2012, has been settled.  The fiscal 2012 consolidated net loss improved 7% as compared to the prior year to $68.9 million, or $1.41 per share.
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  • 06.20.2012

    Berry Plastics Acquires STOPAQ®

    Today Berry Plastics announced that it has completed the acquisition of the shares of Frans Nooren Beheer B.V. The purchase comprises the Frans Nooren Beheer Companies, notably STOPAQ B.V. and its operating companies. STOPAQ® had revenues of approximately € 23 million for 2011. Berry expects the acquisition to be immediately deleveraging after achieving synergies.

    STOPAQ is the inventor and manufacturer of patented visco-elastic technologies for use in corrosion prevention, sealing and insulation applications ranging from pipelines to subsea piles to rail and cable joints. Headquartered in Stadskanaal, The Netherlands, STOPAQ operates a state-of-the-art manufacturing plant, complete with R&D facilities, an anti-corrosion Technology Park, and Centre of Excellence training and exhibition facilities.
     
    Berry Plastics' Corrosion Protection Group is a part of the Company's Engineered Materials Division and has more than 50 years of solid performance in protecting oil, gas, water, wastewater, and insulated pipelines, as well as other metal structures around the world. Berry's corrosion protection brands include Polyken® Pipeline Tape Coatings, Covalence Heat Shrinkable Products, AnodeFlex Long-Line Linear Anode for CP, and Powercrete® Liquid Epoxy Coatings, and now the STOPAQ line of visco-elastic coatings.

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  • 06.20.2012

    Billerud and Korsnäs to merge, creating a leading packaging materials company

    The Board of Directors in Billerud AB and in Investment AB Kinnevik today announces the combination of Billerud and Korsnäs AB. The new company, BillerudKorsnäs, will become a leading virgin fibre-based packaging materials and packaging solutions company with an annual turnover[1] of approximately SEK 20 billion.

    The combination is a natural step to enhance the successful packaging material and packaging solutions businesses of Billerud and Korsnäs with the goal of creating a strong international player within the packaging industry.

    Both companies and their respective principal owners estimate a significant synergy potential to be realised within the next few years following the Transaction. Preliminary estimates of the yearly synergy effects amount to approximately MSEK 300.

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  • 06.20.2012

    Oil Drops a Third Day in London on Crude Supply Increase

    Brent oil dropped for a third day in London on speculation that U.S. supplies may have shrunk less than estimated, while investors awaited the outcome of a Federal Reserve meeting on monetary policy.

    Brent futures lost as much as 0.9 percent, while the U.S. benchmark West Texas Intermediate fell 0.7 percent. An industry report yesterday showed U.S. crude stockpiles fell 550,000 barrels. That decline is less than the 1.3 million forecast by analysts before an Energy Department report. The Fed concludes a two-day meeting in Washington today.

    “Energy markets are stuck near the lows” from this week, Ole Hansen, senior manager of trading advisory at Saxo Bank A/S, said by phone from Copenhagen. “Everyone’s sitting on the fence, watching the markets, not prepared to commit themselves at this point.”

    Brent crude for August settlement was at $95.50 a barrel, down 26 cents, on the London-based ICE Futures Europe exchange at 10:30 a.m. local time. The front-month price for the European benchmark contract was at a premium to West Texas Intermediate of $11.45, compared with $11.41 yesterday.

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  • 06.20.2012

    Brown Printing Expands Co-Mail Relationship and Extends Mail and Newsstand Service Agreements

    Brown Printing Company today announced they have strengthened their distribution offerings by adding Fairrington’s co-mail capabilities to their distribution network. Brown will continue its long standing relationships with Print and Mailing Solutions (PAMS) and Clark Distribution Systems for comprehensive and efficient mail and newsstand consolidation.

    Fairrington and PAMS are full-service, single-source, mailing logistics providers while Clark Distribution Systems is a full service, single-source, freight forwarder and consolidator that is the largest distributor of newsstand publications and mass-market books in North America.

    "The expanded services only add to our current robust capabilities." said Mike Amundson, Executive Vice President, Catalog and CFO of Brown Printing Company. "As demand for our co-mail capabilities has increased from our customers, we are implementing new and innovative ways to meet those needs."

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  • 06.20.2012

    FedEx Corp. Reports Fourth Quarter Earnings

    FedEx Corp. today reported earnings of $1.73 per diluted share for the fourth quarter ended May 31, which includes a previously announced $0.26 per diluted share non-cash aircraft impairment charge at FedEx Express. Excluding this charge, earnings were $1.99 per diluted share in the fourth quarter compared to $1.75 per diluted share a year ago.
     
    “FedEx delivered strong earnings results for fiscal 2012 due to the outstanding performance by FedEx Ground, our new value proposition at FedEx Freight and improved yields across all transportation segments,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. “In fiscal 2013, we will continue our focus on improving our operating efficiencies and our financial performance across all of our businesses, while simultaneously enhancing our service capabilities. We remain absolutely committed to higher earnings, margins, cash flows and returns.”
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  • 06.20.2012

    Konica Minolta Approves Finch Fine Color Copy and Finch Opaque Digital for bizhub PRESS Color Digital Presses

    Finch Paper today announces it has been selected by Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta) as one of the first to have its Finch Fine Color Copy and Finch Opaque Digital lines tested and approved for the Konica Minolta bizhub PRESS C8000 Color Digital Press. The paper grades have been added to Konica Minolta’s new Media Guide for commercial printers.

    Today’s high-performing production electrophotographic (EP) presses demand high performing papers. Dawn Nye, Product Marketing Manager, Production Print, Konica Minolta, explains. “Times have changed from simply ‘load the paper and hit print.’ Today it’s all about reliability and consistent image quality, and providing paper that performs up to our high standards.”
     
    Several factors, including increasingly higher production speeds, have necessitated closer inspection of substrates to assess their suitability for Konica Minolta bizhub PRESS digital presses. Papers must be well manufactured, run consistently, and generally meet the demands of the press from pick-up and registration through to toner transfer, fusing and exiting the press for post-processing steps.
     
    “Konica Minolta’s approval process includes testing on feed, fusing, jamming, registration, slipping, curling and scratching. By approving the Finch papers, our commercial printers can have a level of comfort and confidence that the paper has been extensively evaluated,” Nye continues.

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  • 06.20.2012

    Baltimore Magazine Gets a Facelift

    It’s been nearly seven years since Baltimore was last revamped, but an upcoming redesign in August will change that. The makeover, led by the art and editorial teams, will consist of more extensive segments familiar to Baltimore’s readers, a mass of new editorial material and more design components. Much of the new content will focus on expanded events listings and a renewed focus on shopping.

    Baltimore’s art director Amanda White-Iseli notes that the motivation for the upgrade is to “enhance [the] reader’s experience.” According to White-Iseli, the magazine will be “easier to navigate,” but will have a larger amount of the content. The magazine’s “Upfront” section will incorporate event listings, book and movie reviews and will have a new focus called “The Launch,” featuring the top five events of the month.

    The magazine’s director of marketing Jessie Peterson says Baltimore does “not have plans to expand distribution” with the redesign. “The success of the redesign will be judged accordingly over time,” Peterson says.

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  • 06.20.2012

    HGTV Magazine Announces Two Circulation Rate Base Increases for 2013

    HGTV Magazine, published by Hearst Magazines in partnership with HGTV, continues its growth with a rate base increase to 700,000 copies effective with the January/February 2013 issue, to be followed by another increase to 800,000 in July 2013. The announcement was made today by Dan Fuchs, chief revenue officer/publisher of HGTV Magazine.
     
    “Based on the fantastic response to the magazine from both consumers and advertisers, we’re thrilled to be increasing our rate base so soon after launching,” Fuchs said. “With the strength of the HGTV brand behind us, we have created a new kind of magazine, home/lifestyle, that is resonating deeply with readers and is building incredible momentum in the marketplace.”
     
    The magazine was introduced with two test issues in October 2011 and January 2012, followed by an official launch issue in June/July 2012. Consumer interest in the home/lifestyle magazine was apparent from the beginning: The first test issue was so successful with consumers that the magazine went back on press to put 135,000 more copies into distribution.

    HGTV Magazine’s initial rate base was 450,000, making it one of the largest consumer magazine launches in the past decade. Following the debut issue (June/July), still on newsstands, three more issues will bepublished in 2012—September, October/November and December.

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  • 06.20.2012

    Illinois passes ban on bag bans, fees

    While Los Angeles and Toronto have recently moved forward with plastic bag bans, officials in Illinois have gone another way and passed a bill that would ban plastic bag bans and force manufacturers to set up recycling collection sites.

    Illinois Senate Bill 3442 calls for an increase of recycling of plastic bags by having manufacturers register with the state by July 1, 2013 and form a plan to collect and recycle the products. The manufacturers can develop plans individually or as a group.

    A total of 75% of the state's population must live within 10 miles of plastic carryout bag collection sites by 2014, according to the bill.

    The bill, however, doesn't apply to any city with more than 2 million residents. The only city in the state with that large of a population is Chicago, which has 2.6 million residents.

    The ban on bag bans also applies to every community with the exception of Chicago. No community can implement a fee on plastic bags either, according to the bill.

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  • 06.20.2012

    John Wiley & Sons, Inc. Announces Fiscal Year and Fourth Quarter Results

    John Wiley & Sons, Inc., a global provider of content and content-enabled services in areas of research ("STMS"), professional development ("P/T"), and education ("GEd"), today announced results for the fourth quarter and fiscal year 2012.
    Fiscal Year Highlights
     Segment Revenue Performance:  STMS +2%, P/T -1% and GEd -1%, excluding FX
     Free Cash Flow: $260 million, $5 million better than expected. Wiley projected free cash flow for fiscal year 2012 to be $15 million lower than the previous year total of $270 million due to the timing of journal subscription cash collections.    
     Net Debt and Cash Position:  Net debt of $215 million, down from $252 million at the end of fiscal year 2011 and $495 million at the end of fiscal year 2010.  Cash and cash equivalents at April 30, 2012 was $260 million.

    Fourth Quarter Highlights
     Segment Revenue Performance:  STMS +2%, P/T +4% and GEd +2%, excluding FX
     EPS up 73% to $0.80 due to top line results and a 10% reduction in operating and administrative expenses, excluding FX. The reduction in operating and administrative expenses was mainly due to lower accrued incentive compensation, cost saving initiatives and lower bad debt provisions.

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  • 06.20.2012

    Accept Kruger's Corner Brook mill offer, says union

    The national president of a union representing some employees at the Kruger mill in Corner Brook is calling on workers to accept the company's final offer.
     
    “For two reasons. One, it's an attempt to save the mill. Secondly, it's what we agreed to. It is the pattern, and that's what we said we would do for companies that were in financial trouble,” said Communications, Energy and Paperworkers Union of Canada president Dave Coles.
     
    Coles said the company’s latest offer is in line with the deal the union negotiated with AbitibiBowater when it was going through bankruptcy.
     
    Coles said that even though the package includes concessions, he is recommending acceptance. He said a new contract won't necessarily save the mill, but the facility does have several things going for it — it has a good workforce and Kruger has kept the plant well maintained.
     
    Coles also said he's hopeful because the provincial government is willing to help even though he doesn't know the details of what's been promised.
     
    The company has given union members until June 22 to vote on the offer.
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  • 06.19.2012

    Buckeye's Florida Plant Temporarily Closed Due to Dryer Drum Failure

    Buckeye Technologies Inc. today announced that on Sunday, June 17, Buckeye’s Florida wood cellulose fibers facility near Perry, Florida, experienced a significant failure of a steam drum on the number 2 paper machine causing damage to multiple drums and structural damage to the paper machine building and structure. Fortunately, there were no injuries to any personnel working in the area. Following the incident, which occurred about 5:20 p.m. EDT, the plant was shut down in an orderly manner. A team at the plant, including contractor resources and structural engineers, immediately began an investigation to determine the root cause of the drum failure. While it is too early to know the extent or timing to return the plant to normal operations, Buckeye management will have more details on the incident later in the week and will provide updates on plans for resuming production.

    Buckeye resources are working with all stakeholders including customers, suppliers and employees to manage and minimize the impact of this outage to the supply chain and to operations.

    Buckeye Chief Executive Officer John Crowe stated, “Buckeye can and will repair the damage to the number 2 machine and the building. The safety of people is our highest priority, and we are thankful there were no injuries in this significant incident.”

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  • 06.19.2012

    Castle Connolly Medical Ltd. and The Media Source Introduce New Publications

    Castle Connolly Medical Ltd., the nation’s leading source for identifying Top Doctors, announces the launch of Castle Connolly Top Doctors: Southern California and Castle Connolly Top Doctors: Washington-Baltimore. These new magazine publications are scheduled to hit newsstands on Tuesday, June 19, 2012 and will retail for $9.99. In keeping with Castle Connolly’s mission, these two annual specialty publications are targeted to residents of Southern California and Washington-Baltimore and will aid in helping consumers find the best healthcare in their region.
     
    These new publications promise to be the trusted source in these areas by presenting detailed profiles of the area’s Top Doctors.  Castle Connolly Top Doctors: Southern California and Castle Connolly Top Doctors: Washington-Baltimore will include biographical and contact information for the top 10% of all board certified physicians in the Southern California Metro area and Washington-Baltimore area as nominated by their peers and screened by the Castle Connolly physician-led research team.  Castle Connolly Medical Ltd. has partnered with The Media Source, a division of Source Interlink Companies, in producing this new publication.

    Consumers who purchase Castle Connolly Top Doctors will have access to an online searchable website (www.topdoctorssoutherncalifornia.com and www.topdoctorswashington-baltimore.com) that allows them to learn more about a doctor’s training. This website will allow them to search doctors by location, specialty, special expertise, hospital and insurance plans accepted by those doctors.

    Copies will be printed and distributed at quality retailers such as Wal-Mart, Bristol Farms, Safeway/Vons, Airport Transportation Accounts, Target, Ralph’s/Kroger West, Walgreens, Military Accounts and Base Stores, Barnes & Noble and many more.

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  • 06.19.2012

    FCL Graphics Forms Integrated Media Solutions Group

    FCL Graphics, a leading North American printer of marketing and direct mail materials, has formed an integrated Media Solutions Group to provide cross-media solutions to marketers. By integrating print and other emerging digital media solutions, clients can produce powerful marketing campaigns that create personalized two-way communications across multiple media channels with their customer bases.

    “At FCL Graphics, we are working to help our clients navigate emerging marketing channels and integrate these new channels with their traditional print pieces,” said Michael Ford, president and CEO of FCL Graphics. “The key will be managing multichannel marketing campaigns with a single application. By doing this you can integrate direct mail, email, mobile, web, QR codes, and other media to deliver relevant and personalized messages and track the results of each component of the program.”

    “Our main focus is adding value by helping our clients more effectively communicate with their customers by offering cross-media services that help them succeed and do more with less. If we can help increase our customers’ response rates by utilizing multichannel campaigns, it makes all the components of the campaign, including the traditional print pieces, more valuable and profitable,” added Ford.

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  • 06.19.2012

    HardingPoorman Adds Wide-Format Capacity with Inkjet Printer from PriscoDigital

    HardingPoorman Group, an innovative, ISO-certified print communications provider, was faced with increasing customer demand for printing on rigid materials. PriscoDigital recommended the combination of a HP Scitex FB700 UV hybrid printer and Caldera GrandRIP, enabling HardingPoorman to eliminate the “print-and-mount” workflow it was using and print directly on a wide variety of rigid materials.

    The versatile FB700 also has the ability to print on flexible substrates. Therefore, the company moved virtually all of the work previously being done on its two roll-fed printers to the FB700.

    Andy Wheeler, wide-format manager for HardingPoorman, reported that the company can now, “efficiently fill the 98?-wide bed with substrate and produce multiple copies or different jobs at the same time”. In addition, “The continuous feed capability allows us to stage media for printing as the current job is still running.”

    “With this new workflow, we’ve increased our wide format job capacity by more than 400 percent,” added Steve Anzalone, Chief Operating Officer of the HardingPoorman. “We can meet our customers’ demand for faster turn-around and still accomplish it with one shift.”

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