Paperclips Blog | IWCO Results

  • 11.28.2011

    Oil Climbs to Highest in More Than a Week on U.S. Sales, Syrian Sanctions

    Oil rose above $100 a barrel in New York for the first time in more than a week on signs of economic recovery in the U.S., while sanctions on Syria stoked concern Middle East crude supplies may be threatened.

    Futures advanced a second day, gaining as much as 4.1 percent. U.S. retail sales during Thanksgiving climbed 16 percent to a record. The Arab League imposed sanctions on Syria after the country refused to halt a crackdown on protesters. The country produced an average of 332,000 barrels of crude a day in August, according to the International Energy Agency.

    “We’re likely to see Brent back up to $115 by year-end,” Christopher Bellew, a senior broker at Bache Jefferies Ltd. in London. “Prices will be supported by colder weather, declining inventories and a positive start to the U.S. shopping season. But Chinese demand remains enigmatic, and the stronger dollar will be a negative influence.”

    Crude oil for January delivery on the New York Mercantile Exchange advanced as much as $3.97 to $100.74 a barrel, the highest since Nov. 17, and was at $100.23 at 10:16 a.m. London time. Prices have risen 17 percent in the past year.

    Brent oil for January settlement climbed 2.4 percent to $108.99 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract’s premium to West Texas Intermediate narrowed to $8.76 from $9.63 on Nov. 25 and a record $27.88 on Oct. 14.

    U.S. consumers spent a record $52.4 billion during the Thanksgiving weekend, according to the National Retail Federation, citing a survey from BIGresearch.

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  • 11.28.2011

    CEFIFINE Releases Octber 2011 European Fine Paper Statistics

    Total deliveries of CWF decreased 5.8% vs. October 2010 and 4.9% year to date. Total deliveries of UWF decreased 3.1% vs. October 2010 and 2.4% year to date.
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  • 11.28.2011

    CEPIPRINT Releases October 2011 European Mechanical Papers Statistics

    Total European shipments of Newsprint declined 6.3% vs. October 2010 (-2.9% ytd).  Total European shipments of SC-Magazine grades declined 5.4% vs. October 2010 (+0.1% ytd). Total European shipments of Coated Mechanical reels declined 4.6% vs. October 2010 (+1.1% ytd).  Total European shipments of Uncoated Mechanical (Improved & Others) declined 4.3% vs. October 2010 (-0.9% ytd).
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  • 11.28.2011

    Fortress Paper Commences Start-up Phase at Fortress Specialty Cellulose Mill

    Fortress Paper Ltd. announced today that it has initiated the final stages of the conversion project at its Fortress Specialty Cellulose Mill. The mill has commenced its start-up phase with final process testing, which will include cold and hot water trials, together with the testing of safety systems scheduled to occur over the coming days. Production of dissolving pulp beginning with wood chips cooking is expected to commence shortly thereafter.

    The minor delay in the scheduled completion of the conversion project has resulted from: (1) the previously announced unexpected walkout in October of construction employees of contractors engaged by the Company; (2) the extra time subsequently required upon the return of the workers to fully ramp-up construction activities at the site; (3) completion of identified improvements to infrastructure relating to buildings, supports and the chip tower inter-connection; and (4) implementation of enhancements to the mill’s safety and control systems.

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  • 11.28.2011

    Manroland AG files to initiate insolvency proceedings

    Manroland AG has today filed a petition to initiate insolvency proceedings with the jurisdictional district court at Augsburg, after the negotiations with a potential investor have failed on the home stretch. At the same time the company has filed a request for self-administration in order to finalise the on-going restructuring efforts. The provisional insolvency administrator Werner Schneider will in due course examine the situation at Manroland, in order to obtain a comprehensive picture of the situation.

    The executive board of Manroland aims to rescue key units within the framework of ongoing restructuring efforts as debtor in possession. The initiated insolvency procedure affords the opportunity to step up the restructuring process and guide the company through this difficult phase. Despite all the disappointment over the path that now has to be taken, the insolvency procedure as debtor in possession offers plenty of prospects because the company has compelling products, the necessary know-how, and an excellent team. With the planned entry of a potential investor and on a basis of a financing programme co-ordinated with the previous shareholders and banks the company’s equity base would have been strengthened.

    The decision to file for insolvency was triggered by another dramatic downturn in incoming orders which can be noticed since mid-July and has recently accelerated. Although there is still great interest in Manroland’s printing systems, customers are finding it far more difficult to obtain financing in the aftermath of the financial crisis. At the same time, intensive competition in the face of declining orders has led to even greater pressure on prices and therefore to declining contribution margins. The market size is now only at 50 per cent of the level before the beginning of the crisis in 2008.

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  • 11.28.2011

    M-real's folding boxboard capacity increases following rebuild at Kyro Mill

    M-real has successfully completed the rebuild of its Kyro mill in Finland, where it makes the high quality folding boxboards Carta Elega and Avanta Prima – especially recommended for beautycare and healthcare packaging. The rebuild increases the mill’s capacity by 40,000 tonnes per annum to 190,000 tpa, and is part of M-real’s investment programme, targeted at improving availability and service to customers.

    “The increased capacity will allow us to offer our customers better service, with shorter lead times on orders and greater availability,” says Mika Joukio, Senior Vice President and Head of M-real Consumer Packaging.  “We believe demand for our fresh forest fibre products will continue to increase, due to their purity, lightweight and sustainability.”

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  • 11.28.2011

    Recommended closure of Norske Skog Follum

    It is with regret towards all employees, suppliers and the local community that we recommend to close Norske Skog Follum. Norske Skog sells less paper than before since many replace paper with electronic media. Therefore, we unfortunately no longer need as many paper mills, says President and CEO of Norske Skog, Sven Ombudstvedt.

    Norske Skog's management has on several occasions this year made it clear that the group must assess its production capacity. Today's recommendation is the result of an extensive process, which has also involved the employee representatives.

    We apologise sincerely to the 356 employees at Follum, and we will try to assist as much as possible during the coming period. They have done a great job in the areas of product development, cost reductions and improved energy efficiency. Despite all efforts, earnings have deteriorated year by year, says Ombudstvedt.

    Small mills are expensive to operate, and Norske Skog has phased out a number of small mills in Norway and abroad over the past five years. Follum is Norske Skog's smallest Norwegian mill, and it has the highest costs per tonne. Alternatives for the continued operation of Follum have been investigated; however, management has not found a solution which is justifiable for Norske Skog.

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  • 11.28.2011

    Transcontinental launches a new brand image

    To better reflect its evolution into a leading player in the new marketing communications landscape, Transcontinental today launched a new brand, logo and positioning: TC. Transcontinental, the Canadian leader in marketing activation. The new brand better reflects the company’s comprehensive and integrated marketing communications offering, including print, media, digital, interactive and mobile. The new trademark will be known as TC. Transcontinental, and its two sectors as TC. Media and TC. Transcontinental Printing.

    "As our customers’ needs have evolved, so have we. What customers rightly expect is proactivity, creativity, innovation, strategy, customization and market intelligence. Our new brand launch is a logical milestone in the disciplined roll-out of the development plan we began implementing in 2008 to strengthen our core operations and build new marketing communications services," said François Olivier, President and CEO of TC. Transcontinental.

    Beyond the truncation of the word Transcontinental, the ‘t’ in the new ‘tc’  stands for technology, while the ‘c’ represents community. In the chosen typography, the bold, upright ‘t’ embodies confidence and solidity. The ‘c’, with its generous opening, signifies willingness to communicate.  The red dot from the former logo is transformed into a black one, which represents the digital economy as well as the point of contact between the company and its customers.  The logo is black or white, depending on context and usage.  Keeping the main typographic element devoid of color will allow the use of various colors to illustrate sub-brands.

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  • 11.23.2011

    U.S. Recovered Paper Consumption Increases Slightly in October

    According to the October 2011 Recovered Paper Monthly Report published today by the American Forest & Paper Association (AF&PA), total U.S. industry consumption of recovered paper was 2.5 million tons, 6% lower than October of last year, but 1.5% higher than September 2011. Modest increases compared to last month were observed across three grades of recovered paper, led by Newspaper consumption which went up 11%, followed by a 10% increase in High Grade Deinking consumption.  Overall, though, year-to-date consumption compared to the same period in 2010 has now decreased by 5%. Inventories remained essentially flat compared to last month and to October of last year, but are still at relatively high levels for 2011.
     
    U.S. exports of recovered paper dropped 5% in September compared to August, which is the highest drop since February.  Nevertheless, year-to-date exports in 2011 continue to be 14% higher than last year by volume. Imports, despite being relatively inconsequential in U.S. recovered paper trade, are 30% higher year-over-year.
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  • 11.23.2011

    Angstrom Graphics to expand digital press capacity!

    With growth exceeding 60% in our retail and custom graphics business segments comes the expansion of our digital press capacity.

    The installation of our new IGEN 4 digital press will be complete by the years end. With expanded sheet size of 26" the further diversification of our manufacturing platform offers greater flexibility to our customers and the markets we serve.

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  • 11.23.2011

    Crude Oil Drops After German Bond Sale Signals Deepening of Euro Crisis

    Oil dropped from a three-day high in New York as a shortfall of bids in a German bond sale signaled a deepening of Europe’s debt crisis and slowing economic growth in the region.

    Futures fell as much as 2.3 percent after Germany failed to get sufficient bids at an auction of benchmark 10-year bunds today to reach its maximum sales target. European services and manufacturing output contracted for a third month in November as the worsening debt crisis pushed the region closer to a recession. The American Petroleum Institute said motor-fuel supplies climbed 5.42 million barrels last week.

    “Europe’s core is under attack,” said Olivier Jakob, managing director at Petromatrix GmbH in Zug, Switzerland, who correctly predicted this month that crude prices would fall. “It’s getting harder and harder for Europe to escape austerity and a possible credit crunch in the same fashion as 2008.”

    Crude oil for January delivery on the New York Mercantile Exchange as much as $2.25 to $96.39 a barrel and was at $96.55 at 9:10 a.m. in London. The contract gained 1.1 percent yesterday to $98.01, the highest close since Nov. 17. Prices are up 19 percent from a year ago.

    Brent oil for January settlement decreased as much as $1.70 to $107.33 a barrel on the London-based ICE Futures Europe exchange. The European contract’s premium to West Texas crude was at $11.48. The spread reached a record high of $27.88 on Oct. 14.

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  • 11.23.2011

    Books-A-Million, Inc. Announces Third Quarter Results

    Books-A-Million, Inc. today announced financial results for the third quarter and 39-week period ended October 29, 2011. Net sales for the 13-week period ended October 29, 2011 decreased 8.1% to $94.4 million from net sales of $102.7 million in the year-earlier period. Comparable store sales for the third quarter declined 7.7% compared with the 13-week period in the prior year. Net loss for the third quarter was $4.0 million, or $0.25 per diluted share, compared with a net loss of $1.7 million, or $0.11 per diluted share, in the year-earlier period. During the quarter, the company incurred one-time costs of $3.8 million related to the closing of 21 underperforming locations and the opening of 41 new BAM! stores scheduled to open in November. The company incurred a net loss from discontinued operations for a portion of the stores closed during the quarter that were located in markets where the company would no longer operate.

    For the 39-week period ended October 29, 2011, net sales decreased 10.1% to $301.6 million from net sales of $335.3 million in the year-earlier period. Comparable store sales declined 11.1% compared with the same period in the prior year. For the 39-week period ended October 29, 2011, the Company reported net loss of $10.4 million, or $0.66 per diluted share, compared with net income of $2.2 million, or $0.14 per diluted share, in the year-earlier period.

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  • 11.23.2011

    Domtar takes home two International Awards

    Domtar Corporation took home the Environmental Strategy of the Year Award and the Promotional Campaign of the Year - Environmental Message Award at the Pulp and Paper International (PPI) Awards 2011 ceremony held on November 15th in Brussels, Belgium.

    Domtar President and CEO John D. Williams attended the ceremony and noted, "The finalists in each of the categories make up a distinguished list from around the world, and we are proud to be among those recognized for their industry leadership.  The Environmental Strategy of the Year and Promotional Campaign of the Year awards are a great honor and a testament to our continued sustainability efforts on a number of fronts."

    The Environmental Strategy of the Year award recognizes the company's efforts in the areas of sustainable forest management, greenhouse gas reduction and water management, as well as the 2011 development of the Domtar Paper Trail, an online tool that creates personalized customer reports of the environmental and socio-economic impacts of specific paper grade purchases.

    The Promotional Campaign of the Year recognizes Domtar's PAPERbecause video, social media and print ad campaign telling the story of paper's utility and sustainability in a humorous and engaging way.  The campaign was originally launched in 2010 and recently renewed with the introduction of five new videos.

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  • 11.23.2011

    Playboy Leads Magazines with Over 5 Million Facebook Likes

    In the oft-surprising, constantly evolving world of social media, Facebook is still seen as today’s most influential social platform. At last week’s min day Digital Summit, Hearst Magazines EVP/GM John Loughlin referenced the 30 billion pieces of content shared on FB in October, as well as its role as the second largest search engine on the web, after Google.

    Well aware of the opportunities presented by these stats, publishers are investing a significant amount of resources in experimenting with and implementing attention-garnering strategies on the site. According to recent data from MagazineRadar, it appears Playboy has found the secret sauce. As of November 21, the adult entertainment mag’s page boasted 5,582,512 likes, making it the most popular magazine page on Facebook.

    Also in attendance at min day was Matt Gibbs, director of social media with Playboy Enterprises. There, he addressed the success of Playboy on the social platform.

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  • 11.23.2011

    Future US's @Gamer Magazine Wins Best Design at Prestigious 2011 Folio Awards

    Future US produced magazine, @Gamer, the official games magazine of Best Buy has taken home the "Best Design, New Magazine" honors from the 2011: FOLIO Awards.  @Gamer, the ultimate guide to the best in gaming, was selected from more than 2,000 entries across 100+ categories at the annual "Eddie and Ozzie Awards;" Eddie recognizing the best in editorial and Ozzie celebrating the best in design.  Winning an "Ozzie" recognizes @Gamer as one of the best print publications nationwide.

    "@Gamer continues to earn accolades from gamers and peers alike," said David Clarke, senior buyer at Best Buy. "We are proud to have @Gamer at the forefront of our Reward Zone Gamer's Club [Unlocked] program. Offering at least $100 worth in coupons off games and accessories in every issue, it is an indispensable resource to our network of loyal gamers that offers a tangible incentive to choose Best Buy in a well-written, beautifully designed package."

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  • 11.23.2011

    Postal Service Announces Shipping Prices for 2012

    Postal Service customers will be able ship a box for overnight delivery anywhere in the country for one price regardless of weight (up to 70 lbs) starting Jan. 22, 2012. That’s when the Express Mail Flat Rate Box debuts and new Shipping Services prices take effect.

    “The introduction of the Express Mail Flat Rate Box leverages the success of our Priority Mail Flat Rate advertising campaign and further positions the Postal Service as the best value in the shipping business,” said Paul Vogel, president and chief marketing/sales officer. The new box, priced at $39.95, for domestic mailing, will be available for customers who need overnight service for items larger than what can be placed in an Express Mail Flat Rate Envelope.

    Other Express Mail changes include lower retail prices for half- and one-pound packages and commercial packages to local and close-in areas. The new retail price for the Express Mail Flat Rate Envelope is $18.95.

    The overall price change for all Shipping Services is 4.6 percent, with Priority Mail prices increasing an average 3.1 percent and Express Mail prices increasing an average 3.3 percent. The Postal Regulatory Commission (PRC) will review the prices before they become effective Jan. 22, 2012, the same day Postal Service Mailing Services prices take effect. Today’s Shipping Services price filing will be available on the PRC website at www.prc.gov and the new Mailing Services prices are available at http://pe.usps.com.

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  • 11.22.2011

    RR Donnelley Expands Packaging and Product Labeling Platform With Acquisition of StratusGroup

    R. R. Donnelley & Sons Company today announced that it has acquired West Chester, OH based StratusGroup, Inc., a full service manufacturer of custom pressure sensitive label and paperboard packaging products for health and beauty, food, beverage and other segments.

    "With the exponential growth in media choices available to consumers, point-of-purchase packaging plays an increasingly important role in our customers' marketing mixes," said John Paloian, RR Donnelley's Chief Operating Officer. "StratusGroup's superb decorative labeling and paperboard resources offer an excellent complement to our prime label, corrugated and other global packaging capabilities. Its location is also ideal, with its facility in close proximity to RR Donnelley kitting and fulfillment centers. We anticipate being able to immediately expand StratusGroup's utilization and to offer its customers even more extensive integrated solutions."

    StratusGroup's pressure sensitive capabilities include digital, paper, film, multi-ply, expanded content and a range of other solutions. It serves customers with custom paperboard products for folding carton, insert, multi-pack, tray and other applications. It also provides comprehensive structural design and prototyping services.

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  • 11.22.2011

    1-800-FLOWERS.COM, Inc.'s Fannie May Fine Chocolates Division Announces 62-Store Franchise Deal With GB Chocolates, LLC

    1-800-FLOWERS.COM, Inc. today announced the signing of a 45-store franchise development agreement for its Fannie May Fine Chocolates division with GB Chocolates, LLC. Under terms of the agreement, GB Chocolates will open a minimum of 45 new Fannie May franchise stores beginning in December 2011. All stores under the agreement are required to be opened and operating by year-end 2014. The first three stores under the agreement are scheduled to open in Minnesota in time for the Christmas holiday. The agreement provides exclusive development rights for several Midwestern states as well as specific cities in Florida and Ohio.

    In addition to the development agreement, GB Chocolates has also acquired 17 existing Fannie May stores from the Company. The stores are located in Illinois, Indiana, Wisconsin, Iowa and Michigan. Financial terms were not released.

    Jim McCann, CEO 1-800-FLOWERS.COM, Inc., said, "Fannie May is a beloved chocolate brand with a long history of unsurpassed product quality and one of our fastest growing gourmet gift brands. This growth is fueled by our multi-channel strategy that includes our company-owned stores, ecommerce, wholesale, fundraising, business gifting and now franchising. As we accelerate Fannie May's growth and expand its retail footprint through our franchising initiative, we are thrilled to be working with the team at GB Chocolates, one of the preeminent franchise operators in the U.S."

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  • 11.22.2011

    Total Printing-Writing Paper Shipments in October Down 4% from 2010

    According to the American Forest & Paper Association’s October 2011 Printing-Writing Paper Report, total printing-writing paper shipments decreased 4% in October compared to October 2010. All four major printing-writing grades posted decreases compared to last October. U.S. purchases (shipments + imports – exports) of printing-writing papers decreased 3% in October. Total printing-writing paper inventory levels decreased 5% compared to September 2011.
     
    Some points of interest from the report include: September exports of uncoated free sheet (UFS) decreased year-over-year. Shipments of coated free sheet (CFS) decreased year-over-year for the eleventh consecutive month. Coated mechanical (CM) purchases increased year-over-year for the second time in 2011. Uncoated mechanical (UM) shipments decreased year-over-year for the seventh consecutive month following 15 consecutive months of year-over-year increases.
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  • 11.22.2011

    Oil Gains First Day in Four in New York as U.S. Expands Sanctions on Iran

    Oil rose for the first time in four days as new sanctions against Iran raised concern that supplies may be disrupted, while affirmations of U.S. credit ratings and economic growth forecasts for China signaled continuing demand growth in the world’s two largest consumers of crude.

    Futures climbed as much as 1.6 percent in New York after the U.S., the U.K. and Canada expanded measures aimed at thwarting Iran’s nuclear program. Standard & Poor’s and Moody’s Investors Service affirmed their credit ratings for the U.S. The World Bank said China is heading for growth in excess of 8 percent next year and has fiscal scope to cushion its economy from an escalation in Europe’s debt crisis.

    “Economic sanctions will increase internal tension in Iran, where inflation is a major problem,” said Filip Petersson, an SEB AB commodity strategist in Stockholm. “A further destabilization could very well lead to an uprising in the long run.”

    Crude for January delivery gained as much as $1.53 to $98.45 a barrel in electronic trading on the New York Mercantile Exchange. It was at $98.29 at 11:24 a.m. London time. Yesterday, the contract slid 75 cents to $96.92, the lowest settlement since Nov. 9. Prices have gained 7.6 percent this year after increasing 15 percent in 2010.

    Brent oil for January settlement on the London-based ICE Futures Europe exchange increased as much as $1.30, or 1.2 percent, to $108.18 a barrel. The European contract was at a $9.75 premium to New York crude. The spread reached a record $27.88 on Oct. 14.

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  • 11.22.2011

    MPA: Tablet users consuming more magazine content

    Nine in 10 magazine readers who access magazines via mobile devices said they are reading as much or more magazine content since acquiring their tablet or e-reader, according to “The Magazine Mobile Reader,” a study released by MPA—the Association of Magazine Media.

    Sixty-three percent of respondents said they want more magazine content in digital form, and 86% said they want to share issues or articles. Seventy percent of respondents said they want videos appearing in digital editions of magazines to run less than 60 seconds.

    Fifty-nine percent of respondents said they wanted the ability to buy products and services directly from ads. At the same time, 70% said they wanted to buy directly from editorial features.

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  • 11.22.2011

    Numbers Deceiving In UPS Rate Hikes

    UPS released its rate increases for 2012, including a net increase of 4.9% for UPS Ground packages and a net increase of 4.9% on all UPS Air services and U.S.-origin international shipments.

    The rate increase for UPS Ground shipments is based on a 5.9% increase in the base rate, less a 1 percentage point reduction to the index-based ground fuel surcharge. The rate increase for UPS Air and international services shipments is based on a 6.9% increase in the base rate, less a 2 percentage point reduction to the index-based air and international fuel surcharge.

    Doug Caldwell, sales director with AFMS Logistics Management Group, says of the increases: “With these increases, it's getting more difficult to maintain free shipping, just as more customers are demanding it.”

    Although the increases average 4.9%, the actual increases are considerably higher for lighter weight shipments, Caldwell says. For instance, the 1 to 5-pound ground rates for the continental U.S. rose nearly 8% -- which are heavily used by B-to-C shippers.

    “The hardest hit will be shippers of lighter weight packages,” Caldwell says. Although not yet announced, Caldwell believes FedEx will match UPS on the domestic ground rates through 70 pounds.

    Caldwell thinks it’s a good time for companies to review shipping charges and mitigation strategies now, and not wait until they go into effect on Jan. 2, 2012.

    As in past years, Caldwell says, the accessorial rate increases are somewhat higher than the base rate increases, with some accessorials seeing 10% jumps. Surcharges for residential delivery are up 9%, while the delivery area surcharge is up 8.1% for commercial and 9.1% for residential, and in extended areas 8.3%.

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  • 11.22.2011

    Digital Accounts for More Than Half The Atlantic's Overall Ad Revenue in October

    In October, for the first time in The Atlantic's history, digital ad revenue accounted for more than half of the magazine brand's overall advertising revenue. Even with a record-setting month on the print side, digital made up 51% of ad sales, while print comprised 49%.

    In print, this marks The Atlantic's best October performance since Atlantic Media Company chairman David Bradley acquired the magazine in 1999. Ad revenue was up by 5% compared to a year ago, the previous October high. The issue featured Pulitzer Prize-winning historian Taylor Branch's widely discussed and lauded cover story, "The Shame of College Sports," on the NCAA.

    The Atlantic posted a record-setting month digitally, too, with revenue increasing 86% compared to a year ago. Year-to-date, digital ad sales are up 37% through October. More than 40 advertisers ran campaigns across The Atlantic's digital properties—TheAtlantic.com, TheAtlanticWire.com, and TheAtlanticCities.com—the most on record for one month. Traffic also reached a new benchmark last month, with nearly 11 million unique visitors coming to Atlantic sites—more than double a year ago.

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  • 11.22.2011

    Tembec sells its hardwood flooring assets

    Tembec has reached an agreement with a private company to sells its Toronto (Ontario) flooring plant assets along with its Muskoka and Vintage brands. The closing of this transaction is expected to take place within the next few weeks.

    Tembec will also close the Huntsville (Ontario) hardwood flooring plant, impacting 63 people. This plant will cease operations in January 2012. Management has met with employees to inform them of the Company’s decision.

    The selling price related to the transaction is $13 million. The sale of the Toronto plant and the shutdown of the Huntsville plant will result in a one-time charge of $2 million that will be recorded in the Company’s December 2011 quarterly financial results. During the last 12-month period, the Toronto and Huntsville flooring plants generated sales of
    $48 million, EBITDA of $1.9 million and operating earnings of $1.6 million.

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  • 11.22.2011

    Postmaster General urges Congress to to reevaluate current postal reform bills

    In a speech delivered today at the National Press Club in Washington, D.C., Postmaster General Patrick Donahoe encouraged Congress to step back and take a second look at postal reform legislation as currently drafted in the House and Senate.

    Providing his first public commentary on postal reform packages, Donahoe argued for providing the Postal Service with a more flexible business model that would enable the Postal Service to quickly implement cost cutting measures. “Unfortunately, both bills have elements that delay tough decisions and impose greater constraints on our business model. Taken as they are, they do not come close to enabling cost reductions of $20 billion by 2015 – which they must do for the Postal Service to return to profitability.”

    “If passed today, either bill would provide at best one year of profitability, and at least a decade of steep losses,” said Donahoe. “However, by taking the best of both the House and Senate approaches, Congress can provide the Postal Service with the legal framework and the business model it needs.”

    The Postmaster General expressed his gratitude for the strong leadership and engagement of the Congress and the Administration in advancing reform legislation, and expressed confidence that an effective solution would be enacted. Both HR 2309 and S 1789 were introduced earlier this year to respond to an urgent liquidity crisis and to address long-term structural constraints in the Postal Service business model.

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  • 11.22.2011

    dELiA*s, Inc. Announces Third Quarter 2011 Results

    dELiA*s, Inc., a direct marketing and retail company comprised of two lifestyle brands primarily targeting teenage girls and young women, today announced the results for its third quarter of fiscal 2011.

    Total revenue for the third quarter of fiscal 2011 decreased 4.2% to $58.1 million from $60.6 million in the third quarter of fiscal 2010. Revenue from the retail segment decreased 2.7% to $36.2 million, or 62.3% of total revenue. Revenue from the direct segment decreased 6.5% to $21.9 million, or 37.7% of total revenue.

    Total gross margin decreased to 32.3% in the third quarter of fiscal 2011, compared to 34.3% in the prior year quarter, predominantly reflecting reduced merchandise margins related to markdowns in the retail segment and the deleveraging of occupancy costs.

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  • 11.22.2011

    Chico's FAS, Inc. Reports Third Quarter Earnings Per Share of $0.16 Net of Acquisition Costs of $0.02

    Chico's FAS, Inc. today announced its financial results for the fiscal 2011 third quarter and nine months ended October 29, 2011, which includes the results of Boston Proper subsequent to the closing of the acquisition on September 19, 2011.    

    The Company reported net income totaling $26.5 million, or $0.16 per diluted share, for the third quarter compared to net income of $28.8 million, or $0.16 per diluted share, for the same period last year.

    The third quarter 2011 results include non-recurring acquisition and integration costs related to the Boston Proper acquisition totaling approximately $3.5 million, net of tax, or $0.02 per diluted share.  Excluding these costs, the Company's third quarter net income was $30.0 million, or $0.18 per diluted share, an earnings per share increase of 13%, compared to net income of $28.8 million, or $0.16 per diluted share for the same period last year.

    For the nine months ended October 29, 2011, the Company reported net income totaling $115.8 million or $0.66 per diluted share, compared to net income of $94.7 million, or $0.53 per diluted share, reported for the same period last year.  Excluding the non-recurring acquisition and integration costs in the third quarter of fiscal 2011, the Company's net income for the nine months ended October 29, 2011 was $119.3 million, or $0.68 per diluted share, an increase of 28%, compared to net income of $94.7 million, or $0.53 per diluted share, for the same period last year.

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  • 11.21.2011

    Pearson to acquire Global Education in China for $155m

    Pearson, the world’s leading learning company, is today announcing that it has agreed to acquire Global Education and Technology Group, a leading provider of test preparation services for students in China who are learning English.

    Global Education is listed on the NASDAQ stock exchange (NASDAQ: GEDU). Pearson has agreed to acquire the company for $155m in cash, comprised of a headline price of $294m or $11.006 per American Depository Share offset by an expected cash balance of $139m at closing. The acquisition is subject to the approval of Global Education’s shareholders and is expected to complete in the fourth quarter of 2011.

    Global Education is a leading provider of test preparation services in China for students who are working towards internationally-recognised English language assessments. These tests are important to students who want to study outside China; to professionals who want to demonstrate their English skills to Chinese or international companies; and to academic institutions, corporations and governments as they evaluate admissions, employment and immigration applications. Pearson estimates that approximately 500,000 Chinese students take these tests each year, a four-fold increase over the past five years which has produced rapid growth in spending on related teaching and preparation services.

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  • 11.21.2011

    Asia Pulp & Paper in ‘Full Compliance’ with EU Ecolabel

    An official report by the European Commission has ruled that key products manufactured by Asia Pulp & Paper Group (APP) in Indonesia meet all of the criteria for the EU Ecolabel - a standard designed to reassure consumers that they are buying goods which are ‘kindest’ to the environment.

    The Commission asked French audit firm AFNOR to carry out an in-depth investigation into copying and graphic paper produced by Asia Pulp & Paper’s Pindo Deli manufacturing centre, its pulp and pulpwood suppliers in Indonesia. In a statement published on the official European Commission website, it says: “The Audit clearly proves that there was full compliance with the criteria of the EU Ecolabel for copying and graphic paper valid at the time, especially on criterion 3 - sustainable forest management.”1

    Asia Pulp & Paper Managing Director Aida Greenbury said: “We are delighted that APP’s copying and graphic products will continue to carry the EU Ecolabel, which is only awarded to the very best environmentally-friendly products. Asia Pulp & Paper welcomed the AFNOR audit as an opportunity to disprove any suggestions of non-compliant practices in our manufacturing centres made by international NGO, FERN.”2

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  • 11.21.2011

    Crude Oil Declines to Lowest in a Week on Asian Demand, European Crisis

    Oil fell for a third day to its lowest price in more than a week in New York on concern that Europe’s debt crisis and slower Asian economic growth will curtail fuel demand.

    Futures dropped as much as 2.1 percent to their lowest since Nov. 10. European stocks have lost 18 percent this year as surging borrowing costs for governments raise the risk of recession. Japan, the world’s third-biggest crude consumer, reported the first drop in exports in three months. Saudi Arabian Oil Co. Chief Executive Officer Khalid Al-Falih said the world economy is at risk of a double-dip recession amid sovereign debts and weak U.S. growth.

    “Fear that something really bad could happen in Europe, hence demand could fall, has been the main reason prices have been so subdued,” Amrita Sen, an analyst with Barclays Capital in London, said in an interview Sen with Owen Thomas on Bloomberg Television’s “Countdown.”

    Crude oil for January delivery fell as much as $2.06 to $95.61 a barrel in electronic trading on the New York Mercantile Exchange and was at $95.93 a barrel at 10:47 a.m. London time. Front-month prices dropped 1.6 percent last week and are 5 percent higher this year.

    Brent oil for January settlement was at $106.62 a barrel, down 94 cents on the London-based ICE Futures Europe exchange. The European benchmark contract’s premium to West Texas crude increased to $10.73 from $9.89 on Nov. 18. The spread reached a record high of $27.88 on Oct. 14.

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  • 11.21.2011

    Print Magazines Still Dominate Overall Magazine Engagement

    In its annual Survey of the American Consumer, media and consumer research firm Gfk MRI interviewed approximately 26,000 American adults on their media consumption habits.  Results of it's latest print and digital magazine readership survey

    From March through October 2011, the total gross magazine audience--defined as the number of consumer exposures to magazine-branded content on any platform, including magazines printed on paper--was approximately 1.6 billion.  

    Out of  this 1.6 billion magazine impressions, digital-only consumers made up 166 million exposures (11%) while the print-only audience still supplies the largest sector of magazine reader exposures, at 1.278 billion.

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  • 11.21.2011

    UPS Sets 2012 Rates

    UPS today released new published rates for 2012, including a net increase of 4.9 percent for UPS Ground packages and a net increase of 4.9 percent on all UPS Air services and U.S.-origin international shipments.

    The rate increase for UPS Ground shipments is based on a 5.9 percent increase in the base rate, less a 1 percentage point reduction to the index-based ground fuel surcharge. The rate increase for UPS Air and international services shipments is based on a 6.9 percent increase in the base rate, less a 2 percentage point reduction to the index-based air and international fuel surcharge.

    Additionally, UPS Next Day Air Freight and UPS 2nd Day Air Freight rates for shipments within and between the U.S., Canada and Puerto Rico will increase 5.9 percent. UPS 3 Day Freight rates will remain unchanged.

    Updated rate and service information will be posted on www.ups.com/rates beginning today. On Jan. 2, 2012, when the new rates take effect, customers can download the 2012 Rate and Service Guide.

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  • 11.21.2011

    Hastings Entertainment, Inc. Reports Results for the Third Quarter of Fiscal 2011

    Hastings Entertainment, Inc., a leading multimedia entertainment retailer, today reported results for the three and nine months ended October 31, 2011.  Net loss was approximately $5.5 million, or $0.65 per diluted share, for the three months ended October 31, 2011 compared to a net loss of approximately $3.1 million, or $0.35 per diluted share, for the three months ended October 31, 2010.  Net loss was approximately $9.2 million, or $1.07 per diluted share, for the nine months ended October 31, 2011 compared to net loss of $2.1 million, or $0.23 per diluted share, for the nine months ended October 31, 2010. 

    "Our third quarter results reflect a continuation of comparable weak slates for books, movies and video games," said John H. Marmaduke, Chief Executive Officer and Chairman.  "Furthermore, we continue to be impacted by the shift toward the digital delivery of books, along with the increasing growth of rental kiosks and subscription-based services in movie rentals.  Additionally, the current economic environment continues to impact consumer discretionary spending, thereby reducing average purchases, as customers are choosing lower priced products.  We continue to focus on controlling our costs.  During the third quarter of fiscal 2011, we closed two under performing stores which gives us a total of four superstore closures for the current fiscal year."

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  • 11.18.2011

    Crude Oil in New York Heads for Worst Weekly Performance Since September

    Oil rose in New York as the euro’s rebound fueled optimism that European leaders may be able to come to an agreement on how best to combat the debt crisis that threatens the region’s economy.

    Futures rose as much as 0.8 percent after dropping 3.7 percent yesterday. The euro strengthened 0.6 percent against the dollar while Italian and Spanish lending costs declined following reports the European Central Bank bought the nations’ securities. New York crude is up 0.7 percent this week.

    “The Italian bond spreads are narrowing,” said Thina Saltvedt, an analyst at Nordea Bank AB in Oslo. “That gives some confidence to the market and pushes up the prices of oil.”

    Crude for December delivery on the New York Mercantile Exchange rose as much as 82 cents to $99.64 a barrel and was at $99.63 at 9:32 a.m. London time. The contract, which yesterday dropped $3.77 to $98.82, expires today. The more-active January contract gained 81 cents to $99.63.

    Brent oil for January settlement gained $1.14 to $109.36 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract’s premium to U.S. futures widened to $9.76 a barrel from $9.29 at yesterday’s settlement.

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  • 11.18.2011

    The Bon-Ton Stores, Inc. Announces Third Quarter Fiscal 2011 Results

    The Bon-Ton Stores, Inc. today reported results for the third quarter of fiscal 2011 ended October 29, 2011.

    Third Quarter Highlights: Comparable store sales decreased 5.9%. Gross margin rate was 37.4% of net sales compared with 38.2% in the prior year period. Operating income totaled $0.5 million, compared with operating income of $22.7 million in the third quarter of fiscal 2010. EBITDA was $25.0 million, compared with $48.7 million in the third quarter of fiscal 2010. EBITDA is not a measure recognized under generally accepted accounting principles (see Note 1). Net loss totaled $22.0 million, or $1.21 per diluted share, compared with a net loss of $6.3 million, or $0.36 per diluted share, for the third quarter of fiscal 2010.

    Year-to-date Highlights: Comparable store sales decreased 3.0%. Gross margin rate was 36.7% of net sales compared with 37.9% in the prior year period. Operating loss totaled $13.8 million, compared with operating income of $22.0 million in the prior year period. EBITDA was $63.8 million, compared with $102.9 million in the prior year period (see Note 1). Net loss totaled $90.3 million, or $5.00 per diluted share, compared with a net loss of $63.5 million, or $3.60 per diluted share, for the prior year period. The first quarter of fiscal 2011 included a charge of $9.5 million, or $0.52 per diluted share, associated with the Company's prepayment of its second lien term loan and refinancing of its revolving credit facility.

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  • 11.18.2011

    Sears posts net loss

    Sears Holdings Corp. posted a third-quarter net loss of $421 million, the company reported Nov. 17. Sears brand domestic comparable store sales declined 0.7% and subsidiary Kmart's comparable store sales declined 0.9%. 

    The holding company's total revenue decreased 1.2% to $9.6 billion for the quarter, which ended Oct. 29, 2011. Operating loss for the quarter was $459 million, compared with $292 million during the third quarter of 2010.

    Operating expenses for the holding company totaled $10 billion during the third quarter, a slight increase over $9.9 billion third-quarter 2010 operating expenses.

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  • 11.18.2011

    DMA Releases Quarterly Business Review (QBR) for Q3 2011

    The Direct Marketing Association (DMA) today released its Quarterly Business Review (QBR) for the third quarter of 2011.  On this report, DMA partnered with Winterberry Group, a leading strategic management consulting firm that helps advertising and marketing companies build shareholder value. 

    In Q3 2011, marketers reported net gains for all key indicators, including sales revenue, spending on direct and digital marketing efforts, profitability, and staffing.  Moreover, customer acquisition efforts accounted for 59 percent of marketing budgets, the highest proportion over the past year and a good indication of optimism among marketers.  At the same time, however, 14.7 percent of marketers indicated that they cut expenditures in Q3 when compared with the same quarter last year (SQLY), as opposed to 7.0 percent who reported a fall in Q2 spending versus SQLY.  14.7 percent also expected to cut marketing expenditures in Q4. 

    “Overall, more marketers are increasing spending and expanding acquisition efforts, but a significant portion are cutting back,” said Yory Wurmser, DMA’s director of marketing & media insights.  “As much as we want to put the economic problems of the past couple years behind us, we’re not yet in a strong recovery.  With the troubles in Europe getting deeper by the week, we expect to see marketers face continued obstacles to growth in the coming months.”

    “For the last few quarters, we’ve seen a consistent macroeconomic trend emerge in the world of digital and direct marketing:  For every two steps forward we take, we immediately take one-and-a-half steps back,” said Jonathan Margulies, a vice president at Winterberry Group. “Though the survey data on marketer spending, sales revenue, staffing, and profitability all suggest continued growth, we’re clearly facing some substantial headwinds when it comes to the economy and its ongoing impact on confidence across the industry.”

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  • 11.18.2011

    Digital-Only Readers Now 11% of Magazine Audience

    While far from critical mass, the share of people now engaging with magazines exclusively on digital platforms has tipped beyond trivial. According to the latest figures from GfK MRI, 11% of the gross magazine audience across all platforms is now reading titles solely via digital screens. These are the results of the company’s first wave of data encompassing all forms of magazine readership. It calculates the gross magazine audience at 1.58 billion people, with the print reach at 1.278 billion. Of the gross count 135 million were engaging with magazine content on both digital and print formats, while 166 million or 11% of the total were “digital-only” magazine readers.

    The digital-only magazine audience skews heavily male (63%) and almost as heavily concentrated in the youngest adult segment, the Millennials (54%). But this group is also heavily overindexing on education and household income.

    The survey encompasses readership between March and October 2011. “Digital-only” is defined as people who are accessing magazine content through desktop or laptop computers, tablets, e-readers and smartphones. GfK MRI says that beginning in the Spring it will be releasing two waves of data that will include title breakdowns including digital audience reach.

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  • 11.18.2011

    Packaging Corporation of America Reports Third Quarter 2011 Results

    Packaging Corporation of America today reported third quarter 2011 net income of $42 million, or $0.42 per share, which included after-tax charges of $1 million, or $0.01 per share, from asset disposals related to major energy projects. Net income, excluding these charges, was $43 million, or $0.43 per share, compared to third quarter 2010 net income of $62 million, or $0.60 per share, which excludes income from cellulosic biofuel credits and asset disposal charges.

    Higher volume improved earnings by $0.04 per share compared to last year's third quarter, but higher costs ($0.18), sales mix ($0.02) and price ($0.01) more than offset this improvement. The higher costs included transportation ($0.04), recycled fiber ($0.04), labor and benefits ($0.04), energy ($0.02), chemicals ($0.02) and other items ($0.02).

    Excluding special items, net income for the first nine months of 2011 was $122 million, or $1.21 per share, compared to $113 million, or $1.10 per share in 2010. This earnings increase was driven by price and mix ($0.41), higher volume ($0.15), lower interest expense ($0.03) and lower energy usage ($0.03). These items were partially offset by cost increases of $0.51 per share for essentially the same items noted above for the third quarter.

    Net sales were $671 million, up 4.4% compared to the third quarter of 2010, and year-to-date net sales were $2.0 billion, up 8.7% over 2010.

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  • 11.18.2011

    InterVarsity Press Buys Biblica Books

    200-year-old ministry that translates, publishes, and distributes Bibles to more than 55 countries. The deal is expected to close by the end of the calendar year, with IVP gaining 170 backlist and almost 30 new Biblica Books titles, including Operation World, a global prayer guide now in its seventh edition.
     
    Biblica Worldwide has translated the Bible into over 100 languages and is the translation sponsor and publisher of the New International Version® (NIV) Bible, the top-selling translation. The company recently made the decision to narrow its publishing program solely to the Bible, which led to the agreement with IVP, the nonprofit publishing arm of InterVarsity Christian Fellowship/USA, a campus ministry founded in 1947 that now publishes a range of ministry resources, trade books, and scholarly titles.
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  • 11.18.2011

    Casual Male Retail Group, Inc. Reports Third Quarter 2011 Results

    Casual Male Retail Group, Inc., the largest retailer of big & tall men's apparel and accessories, today reported operating results for the third quarter and nine months ended October 29, 2011.

    Third Quarter Highlights (3QFY11 vs. 3QFY10): Comparable sales increased 0.7% against prior year's comparable sales increase of 3.0%. Operating loss of $1.4 million as compared to operating loss of $0.8 million. SG&A expenses include approximately $1.4 million, or $(0.03) per diluted share, for anticipated litigation settlements and incurred legal expenses to date. Net loss of $(1.6) million, or $(0.03) per diluted share, compared to net income of $0.3 million, or $0.01 per diluted share. Total sales decreased 0.6% to $89.4 million. Gross margin decreased 70 basis points (20 basis points in merchandise margin and 50 basis points in occupancy expense) to 45.0% as compared to 45.7% for the prior year.

    Nine Month Highlights (2011 vs. 2010): Comparable sales increased 2.6% against prior year's comparable sales increase of 0.9%. Operating income increased 7.3% to $10.8 million as compared to operating income of $10.1 million for the prior year. Net income of $9.2 million, or $0.19 per diluted share, as compared to $10.0 million, or $0.21 per diluted share. Total sales increased 1.4% to $286.2 million. Gross margin increased 80 basis points to 46.8% as compared to 46.0% for the prior year.

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  • 11.18.2011

    Gap Inc. Reports Third Quarter 2011 Earnings

    Gap Inc. today reported that net sales for the third quarter of fiscal year 2011, which ended October 29, 2011, decreased 2 percent to $3.59 billion compared with $3.65 billion for the third quarter last year. Net income was $193 million compared with $303 million for the third quarter last year. Third quarter diluted earnings per share was $0.38, down 21 percent from last year.

    Third Quarter Financial and Business Highlights
    • Returned $700 million to shareholders, with $645 million in share repurchases and $55 million in dividends, underscoring the company’s continued commitment to return cash to shareholders.
    • Tightly managed operating expenses, which totaled $968 million and leveraged by 40 basis points as a percentage of net sales.
    • Improved net sales at the Gap Inc. Direct division – which includes the online sales channel – by 21 percent, growing to $414 million compared with $342 million last year. Online sales for its Gap, Old Navy, and Banana Republic brands each improved year-over-year.

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  • 11.18.2011

    Kruger's paperboard mill in Montréal receives FSC® Chain of Custody certification

    Kruger Inc. today announced that its Place Turcot paperboard mill in Montréal has been awarded Chain of Custody (CoC) certification by the Forest Stewardship Council® (FSC®), License Code FSC®-C106738. The certificate, issued by the Rainforest Alliance, an FSC®-accredited organization, authorizes the Company to feature the FSC® Recycled logo on its products which include 100% recycled white top (GreenWhiteTM) and brown (Turkraft) linerboard for corrugated packaging, as well as roll wrapping and file folder stock.

    "Achieving FSC® Chain of Custody certification is a source of pride for our employees who make every effort on a daily basis to provide our clients with the highest quality recycled paperboard possible, while meeting the highest environmental standards", said Rob Latter, Vice President, Kruger

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  • 11.18.2011

    MWV to Spin Off Consumer & Office Products Business and Merge it with ACCO Brands Corporation

    MeadWestvaco Corporation, a global leader in packaging, today announced that the company will spin off its Consumer & Office Products business and has signed a definitive agreement to merge the business into ACCO Brands Corporation (NYSE: ABD), one of the world’s largest office supply manufacturers. The tax-efficient transaction is valued at approximately $860 million to MWV and its shareholders on a pre-synergy basis.

    MWV Consumer & Office Products is a leading manufacturer and marketer of school supplies, office products, and planning and organizing tools – including the Mead®, Five Star®, At-A-Glance® and Tilibra® brands. The business has significant operations in the United States, Canada and Brazil. With the addition of this business, ACCO Brands will add to its existing portfolio of top-brands – creating a global school and office products leader. ACCO Brands also will be able to expand its global footprint, including to the attractive market in Brazil, and create additional value through $30 million of estimated annual cost synergies. The transaction will enable MWV to sharpen its focus on profitable growth opportunities in large and growing global packaging markets, including food, beverage, healthcare, personal care, tobacco and home and garden.

    “This is a transaction that will strengthen the market leadership positions of MWV and ACCO, and creates substantial value for both companies’ shareholders,” said John A. Luke, Jr., chairman and chief executive officer. “With our Consumer & Office Products business, ACCO will have a stronger presence in the global marketplace for branded school and office products. And, at the same time, we are taking a significant step in transforming MWV’s business to focus on and grow in our targeted global packaging markets.”

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  • 11.17.2011

    October 2011 Boxboard Report (AF&PA/UBS)

    Oct US box data was generally positive. Shipments rose 0.9% y/y (adjusted + absolute). This compares to 0.4% erosion in Sept. The Oct trend was ahead of 2011 growth rates (absolute +0.5%, adjusted 0.0%). This is fairly encouraging in the context of macro uncertainty. With holidays approaching, markets are entering a period of seasonally-slower demand. The year-end drop off could be amplified as customers appear particularly focused on managing working capital for year-end.

    Inventories fell 29.1kt (1.2% m/m). This is less than normal 52kt decline. Absolute inventories are low at 2.23mm tons. Oct inventories fell 0.5% y/y-the 1st y/y drop since Aug-10.

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  • 11.17.2011

    Containerboard October Total Production Flat Compared to Last Month

    The American Forest & Paper Association released its October 2011 U. S. Containerboard Statistics Report today. Containerboard production was flat decreasing just 0.1% when compared to September 2011, however, the month over month average daily production, was down 3.3%. The containerboard operating rate for October 2011 was down slightly from October 2010 to 95.1% from 96.0%.
     
    Additional key findings from the report include: Linerboard production was flat compared to last year. Medium production was down from October.
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  • 11.17.2011

    Oil Falls From Five-Month High on Signs Europe Crisis Spreading

    Oil fell from a five-month high in New York as Spain’s borrowing costs surged, heightening concern that Europe’s debt crisis is spreading and will hurt demand.

    Futures retreated as Spain sold 3.56 billion euros ($4.8 billion) of a new 10-year benchmark bond at an average yield of almost 7 percent, the most since the euro’s creation. Oil surged yesterday after the Energy Department said U.S. crude stockpiles declined for a second week and Enbridge Inc. said it will reverse the direction of the Seaway pipeline, adding an outlet to transport from the central U.S. and Canada to the coast of the Gulf of Mexico.

    “We expect the euro zone to get into recession next year,” said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt, who expects the price of Brent to slip to $100 a barrel by the end of the year. “I don’t think prices fully reflect the weakening outlook for Europe. There’s still some geopolitical fears priced in with Brent at $112.”

    Crude for December delivery was at $102.25 a barrel, 34 cents lower in electronic trading on the New York Mercantile Exchange at 10:15 a.m. London time. Earlier it reached $103.37, the highest intraday price since May 31. Prices have gained 13 percent this year, after increasing 15 percent in 2010.

    Brent oil for January settlement on the London-based ICE Futures Europe exchange was at $111.46 a barrel, down $1.42. The European contract was $8.35 higher than West Texas Intermediate crude, the smallest premium since March 9. The spread is down 71 percent from a record $27.88 on Oct. 14.

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  • 11.17.2011

    Colbert Receives AIB Certification for Food Contact Packaging in Elkhart

    Colbert Packaging Corporation, a leading manufacturer of folding cartons, rigid paper boxes and paperboard specialty products, today announced that its Elkhart, Ind.-based manufacturing facility has been awarded a Food Contact Packaging Certification from the American Institute of Baking (AIB) International, a nonprofit organization internationally recognized for its commitment to protecting the safety of the food supply chain. AIB’s Food Contact Packaging Certification was awarded to Colbert Packaging following a rigorous inspection and audit of its Elkhart facility, which primarily manufactures folding cartons and rigid setup boxes for commercial industries, including food and confectionary products.

    “We initiated the AIB Certification process at the request of our customers. We learned from our customer base that this certification is crucial to our ongoing success in providing packaging for food products, and we’re pleased to have achieved it for their benefit,” said Tim Price, vice
    president and general manager of Colbert’s Elkhart facility. “This is already a cGMP-compliant facility, and now, together, AIB and cGMP ensure that our Elkhart customers benefit from unparalleled levels of compliance and quality for all their packaging needs.”

    The AIB Food Contact Packaging Certification represents that Colbert’s Elkhart facility meets industry best practices and strict regulatory requirements, including those established by the U.S. Food and Drug Administration, and that the facility has been deemed to be wholesome and safe for the manufacture of food contact packaging. The certification is based on meeting AIB’s “Consolidated Standards for Inspection of Food Contact Packaging Manufacturing Facilities,” which inspects and audits the facilities, processes and procedures related to material handling, equipment maintenance, cleaning and sanitizing, pest management, and food safety programs.

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  • 11.17.2011

    Digital Ad Impressions 47 Percent Lower than Print Counterpart

    Despite efforts in 2011 for the digital advertisement sector (including premium ad launches by brands like Hearst), audience consumption is still faltering. Down 47 percent when compared to its print counterpart, digital magazines with a circ of 100,000 only garner a total of 155 million advertising impressions. Print magazines with a circ of 100,000 generate 273 million ad impressions, according to Scout Analytics.

    “In print, monetizable advertising impressions are calculated based on circulation, pass-along, number of issues and advertisements per issue,” says a Scout news statement. “For digital, the monetizable advertising impressions are calculated based on the ads per page view and the consumptions patterns of the audience as profiled in previous research.”

    According to Scout, digital “pass-alongs” (also know as fly-bys, or users that visit a site once a month) make up the minority of page views, representing only 20 percent of total impressions with 25.9 million views. However, this group also makes up a large portion of visitors.

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  • 11.17.2011

    White Birch Paper Company to Idle Stadacona Mill in Quebec City

    White Birch Paper Company today announced that it will cease production temporarily at its Stadacona paper mill, in Quebec City, commencing December 9, 2011.  White Birch will review the viability of the mill in light of significant manufacturing cost disadvantages specific to the plant as well as the ongoing deterioration of economic conditions in the newsprint industry.

    "I am deeply saddened that we are forced to idle the Stadacona mill and am very aware of the hardship this will impose on our quality employees who work there. However, the operation of Stadacona is simply unsustainable in the current cost environment," stated Christopher Brant, President, White Birch Paper Company. "We need to resolve an integrated package of challenges quickly to be able to turn the situation around for the entire White Birch family of mills in Quebec. This is a difficult time for everyone at White Birch, and in our industry at large, but I remain confident that we can find a way to secure important new investment and emerge as a renewed company that provides sustainable long-term opportunities for our employees and value to our shareholders and the broader community in Quebec."

    Deteriorating economic conditions, which include decreasing demand for newsprint and higher fibre costs, coupled with the inability to come to an economic agreement with union employees, have contributed to this decision.

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