Paperclips Blog | International Paper Results

  • 01.03.2012

    Avery Dennison Announces Definitive Agreement to Sell Its Office and Consumer Products Business to 3M for $550 Million

    Avery Dennison Corporation today announced that it has signed a definitive agreement to sell its Office and Consumer Products business (“OCP”) to 3M Company (NYSE:MMM) for $550 million in cash. The transaction is subject to customary closing conditions and regulatory approvals.

    “The sale of our Office and Consumer Products business to 3M presents the best opportunity to maximize OCP’s value for Avery Dennison’s shareholders, and complements 3M’s global portfolio,” said Dean A. Scarborough, Avery Dennison chairman, president and chief executive officer. “Our industry-leading Pressure-sensitive Materials and Retail Branding and Information Solutions businesses, combined with our strong balance sheet, make us well positioned for profitable growth and increased return of cash to shareholders.”

    Avery Dennison intends to use the proceeds from the transaction primarily to reduce debt, make additional pension contributions, and repurchase shares. This transaction will not negatively impact the Company’s common stock dividend.

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  • 01.03.2012

    Crude Advances in New York Amid Manufacturing Expansion, Tension Over Iran

    Oil climbed in New York after manufacturing activity in China and India expanded, while concern persisted that further sanctions against Iran may disrupt supply.

    Futures gained as much as 2.7 percent on the first trading day of 2012. India’s Purchasing Managers’ Index rose the most in six months in December, HSBC Holdings Plc and Markit Economics said yesterday, and a manufacturing index in China signaled expansion. Iran’s Deputy Navy Commander Rear Admiral Mahmoud Mousavi told Press TV that any effort to harm the nation’s interests will lead to “reciprocal measures.”

    “Iran will probably be centre-stage this year, at least in the first half,” Amrita Sen, an analyst Barclays Plc in London, said in an interview on Bloomberg Television’s “The Pulse” with Maryam Nemazee. “The risks surrounding Iran are clearly rising. Demand could surprise to the upside, and I’d especially highlight China.”

    Crude for February delivery advanced as much as $2.66 to $101.49 a barrel in electronic trading on the New York Mercantile Exchange and was at $101.39 at 11:24 a.m. London time.

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  • 01.03.2012

    Marketers eye USPS' struggles with caution

    The embattled U.S. Postal Service (USPS) faces a host of new challenges, several of which threaten to directly impact marketers. However, many who rely on direct mail say that in spite of the tumult, they'll wait and see how things pan out before altering marketing strategy.

    Prices on shipping services are expected to increase 4.6% — an average of 3.1% for Priority Mail, 3.3% for Express Mail and 3.7% for First-Class Package Service — starting Jan. 22, pending approval by the Postal Regulatory Commission. David Partenheimer, a spokesperson for the USPS, said that the service will still be a competitive choice for business shippers.

    At the same time it's raising rates, the U.S. Postal Service is considering cutting services, although the agency agreed Dec. 13 to a five-month moratorium on post office and facility closures that will end May 15, 2012. USPS Postmaster General Patrick Donohoe told the National Press Club in December that the agency needs to achieve $20 billion in savings by 2015, which may require closing as many as 3,500 low-performing post offices and ending Saturday delivery.

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  • 01.03.2012

    Online ads expected to thrive in 2012

    Media services companies ZenithOptimedia and GroupM softened their independent global ad spending predictions for 2012 in forecasts released in early December. MagnaGlobal, a unit of advertising giant Interpublic, also cut its global advertising forecasts for 2011 and 2012, citing a “worsening economic outlook.” But with positive effect of quadrennial events, such as the Summer Olympics, European soccer championship and U.S. presidential elections, will there still be some winning channels?

    click on the link below for forecasts from: Andrew Edgecliffe-Johnson, The Financial Times; Mary Ellen Biery, Forbes; Stuart Elliott and Amy Chozick, The New York Times; Kate Holton and Paul Thomasch, Reuters UK.

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  • 01.03.2012

    Happy New Media Year: M&A Up 9% in 2011

    The hot sectors of marketing services and tech helped drive mergers and acquisitions in the media sector up 9% in 2011 compared to 2010, representing a deal value of $47 billion, reports investment bank Jordan Edmiston Group Inc. (JEGI). There were 896 recorded transactions in the year, compared to 881 the previous year. Digital media and services were the key drivers of that growth, representing 71% of M&A activity. Nevertheless, consumer magazines saw 23% more deals last year, representing a 15% rise in deal value. Also strong among traditional media was the conference and expo area, which was up 39% in activity and 249% in deal value.
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  • 01.03.2012

    2012-A year of exceptional packaging opportunities

    We at PTIS see packaging having a significant impact on business directions in 2012. The idea that packaging is a strategic business function is gaining credence among companies. Here are six significant trends and drivers we believe will shape packaging agendas in the coming year.

    Holistic design drives more packaging answers: Package design moves up the corporate ladder as management sees how its perspective answers problems. But it takes a big-picture perspective to deliver. Programs like the PTIS Holistic Design™ approach go well beyond graphics and even structure to deliver results.

    Private brands go upscale with packaging: The Great Recession pushed private-label market share up 2% in 2010, and the average market share now is almost 22% across all categories.

    Consumers expand their thinking on "green" packaging: Consumer thinking is quickly moving beyond "recyclable" as the synonym for eco-friendly or green. We've seen that shift in attitudes reflected in consumer research from multiple sources: it is uncanny that different researchers are coming to the same conclusions.

    Data savvy consumers redefine value: The newest decision-making instant is the "Zero Moment of Truth," the time before the shopping trip when consumers research products. Consumers rely more on what they learn on the Internet to shape buying decisions.

    Expect more emphasis on open innovation programs as the route to manage innovation: The challenge in 2012 is not finding new technology to address challenges. In most cases, it is finding answers in existing or emerging technologies.

    Look for a "Chief Packaging Officer" to pop up on some company's org chart: That person may not come from a traditional packaging background. It will be someone with the grasp of a big-picture approach to products and packaging. Someone who can sell ideas to management, too.

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  • 01.03.2012

    The Sterling Group Acquires Liqui-Box From DuPont

    The Sterling Group, a Houston based private equity investment firm, today announced that its affiliated investment fund, Sterling Group Partners III, L.P., has completed the acquisition of the Liqui-Box Corporation ("Liqui-Box") from DuPont. The acquisition is Sterling's third investment in its third fund, an $820 million fund raised in 2010.  Liqui-Box is the twenty-first corporate carve-out in Sterling's thirty year history and the fourth business Sterling has acquired from DuPont.

    Headquartered in Worthington, Ohio, Liqui-Box is a leading supplier of bag-in-box flexible packaging to the global dairy, beverage and bulk food markets. Bag-in-box packaging is primarily used in the foodservice industry to package dairy mix for milkshakes and coffee drinks, fountain beverage syrup and pumpable liquid foods such as food concentrates and sauces.  Liqui-Box also produces pouches and rigid plastic water bottles.  The company's product offering includes consumables, such as fitmented bags and pouch films, as well as filling machines.

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  • 01.03.2012

    The McGraw-Hill Companies Completes Sale of Broadcasting Group to E.W. Scripps

    The McGraw-Hill Companies today completed the sale of its Broadcasting Group to The E.W. Scripps Company. As previously announced, the purchase price of the nine-station Broadcasting Group was $212 million in cash.

    The divestiture of the Broadcasting Group, a non-core asset, was carried out pursuant to the Corporation's Growth and Value Plan, which will create two focused operating companies, McGraw-Hill Financial and McGraw-Hill Education, and is designed to accelerate growth and enhance shareholder value.

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  • 12.30.2011

    2011 is the Best Holiday Ever for Kindle

    Amazon.com, Inc. today announced that 2011 was the best holiday ever for the Kindle family as customers purchased millions of Kindle Fires and millions of Kindle e-readers. Authors also continue to benefit from the success of Kindle — the #1 and #4 best-selling Kindle books released in 2011 were both published independently by their authors using Kindle Direct Publishing (KDP).
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  • 12.30.2011

    Oil Heads for Third Yearly Gain on Iran Tension, U.S. Economy Speculation

    Crude was little changed, heading for a third yearly advance, on speculation escalating tension in the Middle East may disrupt supplies as a recovery in the U.S. economy bolsters demand.

    West Texas Intermediate gained yesterday after U.S. jobless claims fell to a three-year low. A U.S. State Department spokeswoman yesterday called Iran’s threats to shut the Strait of Hormuz “irrational behavior.” About one-sixth of global supply travels through the seaway. The country faces sanctions on its crude exports and a possible boycott by European buyers.

    “The geopolitical risk premium will support higher prices at the outset of 2012,” said Thina Saltvedt, an analyst at Nordea Bank AB in Oslo. “I expect prices to increase at the start of next week as the tension increases in the world’s most vital oil-producing area.”

    Crude for February delivery was at $99.66 a barrel, up 1 cent, on the New York Mercantile Exchange as of 11:48 a.m. London time. It advanced 11 percent this year, after climbing 15 percent in 2010.

    Brent for February settlement was at $107.55 a barrel, down 46 cents on the London-based ICE Futures Europe Exchange, headed for a 16 percent increase this year.

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  • 12.30.2011

    Are package designers ignoring the strongest segment of their audience?

    Recent research points to startling statistics. We all know that populations are aging in much of the world. But do we know how significant the size of the senior demographic is and how much discretionary spending they account for? Do marketers suspect how badly they’re missing the mark with mature consumers? Apparently not.

    The first of its kind, a study from A.T. Kearney titled “Global Maturing Consumer”

    surveyed more than 3,000 people aged 60 and older in 23 countries—including the U.S., Europe, Asia, and Russia. The study uncovered nuggets of great information for marketers of consumer products and for retailers to digest and act on. Here’s why: Birthrates are falling, making a hefty percentage of populations older. People are living longer globally, besides.

    In the U.S. alone, people aged 50 and older own 80% of the financial assets in the country. They also account for half of all discretionary spending. The data is similar for developed countries around the world. Yet, consumer product marketers direct their advertising to younger demographics, making seniors feel as though they aren’t being addressed, but largely ignored.

    That’s not all. Most packaging, as it exists now, presents problems for seniors. More than 50% of consumers between the ages of 60 and 70, nearly 60% of those between 70 and 80 years old, and a whopping 66% of those over 80 report difficulties with current packaging. A great deal of packaging is hard to read for older people, even with the aid of glasses. This signals a problem that really should be addressed by consumer product companies.

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  • 12.30.2011

    UPM Sells Its Affiliate Myllykoski Corporations' Ownership of Harvestia

    UPM sells its affiliate Myllykoski Corporations’ 30 % ownership of Harvestia to Vapo Oy and Powerflute Oyj.

    Harvestia supplies wood to its holding companies’ mills and to its partners in Finland. Harvestia’s annual wood sourcing volume is about 4 million cubic meters.

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  • 12.29.2011

    Oil Trades at One-Week Low as Demand Concern Outweighs Iran Risk

    Oil traded near the lowest level in a week in New York as rising U.S. crude inventories outweighed concern that tensions with Iran will lead to a disruption in Middle East exports.

    Futures were little changed after falling yesterday as record European Central Bank lending signaled the growing risk of the region’s crisis. Crude inventories rose 9.57 million barrels last week, according to the industry-funded American Petroleum Institute. A U.S. Energy Department report today was forecast (DOEASCRD) to show supplies fell 2.5 million in a Bloomberg News survey. A U.S. aircraft carrier was seen in the area where Iran is conducting naval exercises, Islamic Republic News Agency reported, citing the navy’s Deputy Commander Mahmoud Mousavi.

    “Growth concerns continue to weigh on sentiment,” said Andrey Kryuchenkov, an analyst at VTB Group in London. “Large players will remain absent until early 2012 while ongoing macro uncertainty and geopolitical risk jitters continue to deter willing buyers from entering the market just yet.”

    Crude for February delivery was at $99.40 a barrel, up 4 cents, in electronic trading on the New York Mercantile Exchange at 10:47 a.m. London time. The contract closed at $99.36 yesterday, the lowest since Dec. 21. Prices are up 9 percent this year after climbing 15 percent in 2010.

    Brent oil for February settlement was down 10 cents at $107.46 a barrel on the London-based ICE Futures Europe exchange.

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  • 12.29.2011

    Vistaprint Completes Acquisition of Leading Micro Business Digital Marketing Services Provider Webs, Inc.

    Vistaprint N.V., a leading online provider of professional marketing products and services to micro businesses today announced it has completed its acquisition of Webs, Inc., the popular, do-it-yourself suite of websites, Facebook Pages and mobile presence solutions for small businesses. The purchase price was $117.5 million, including $101.3 million in cash and $16.2 million in restricted shares subject to continued employment of the founding shareholders. The final purchase price is subject to customary, post-closing balance sheet adjustments.

    Vistaprint expects the acquisition to increase customer value via the integration of physical and digital small business identity and marketing, to augment the Vistaprint team with talented Webs employees who have an innovative and customer-centric approach to product development, to add a scalable and successful customer acquisition mechanism and, over the long-term to improve the monetization of the two companies’ customer bases via cross-selling of an industry-leading range of small business marketing products and services.

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  • 12.28.2011

    The New York Times Company Agrees to Sell Its Regional Media Group to Halifax Media Holdings LLC

    The New York Times Company has entered into an agreement to sell its Regional Media Group, consisting of 16 regional newspapers, other print publications and related businesses, to Halifax Media Holdings LLC for $143 million in cash, subject to certain adjustments. The transaction is expected to close within a few weeks and upon completion of the sale, the Company will record an after-tax gain on the sale in the first quarter of 2012. The Company intends to use the net proceeds for general corporate purposes. The Company estimates the net after-tax proceeds from the sale will be approximately $150 million.

    “These news organizations have served as trusted institutions in their communities, delivering news and information that matter most to their readers,” said Arthur Sulzberger Jr., chairman of The New York Times Company. “The sale of our Regional Media Group will enable The New York Times Company to continue our transformation to a digitally-focused, multiplatform media company.”

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  • 12.28.2011

    Sears Holdings Provides Update

    Sears Holdings Corporation today is providing an update on its quarter-to-date performance and planned actions to improve and accelerate the transformation of its business. 

    Kmart's quarter-to-date comparable store sales decline reflects decreases in the consumer electronics and apparel categories and lower layaway sales.  Sears Domestic's quarter-to-date sales decline was primarily driven by the consumer electronics and home appliance categories, with more than half of the decline in Sears Domestic occurring in consumer electronics.  Sears apparel sales were flat and Lands' End in Sears stores was up mid-single digits.

    "Given our performance and the difficult economic environment, especially for big-ticket items, we intend to implement a series of actions to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model. These actions will better enable us to focus our investments on serving our customers and members through integrated retail ? at the store, online and in the home," said Chief Executive Officer Lou D'Ambrosio.  Specific actions which we plan to take include:

    Close 100 to 120 Kmart and Sears Full-line stores.  We expect these store closures to generate $140 to $170 million of cash as the net inventory in these stores is sold and we expect to generate additional cash proceeds from the sale or sublease of the related real estate.  Further, we intend to optimize the space allocation based on category performance in certain stores.  Final determination of the stores to be closed has not yet been made.  The list of stores closing will be posted at www.searsmedia.com when final determination is made.

    Excluding the effect of store closures, we currently expect to reduce 2012 peak domestic inventory by $300 million from the 2011 level of $10.2 billion at the end of the third quarter as a result of cost decreases in apparel, tighter buys and a lower inventory position at the beginning of the fiscal year.

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  • 12.28.2011

    Oil Near Six-Week High

    Oil traded near the highest price in six weeks after Iran threatened to block crude supplies through the Strait of Hormuz at a time when U.S. stockpiles are falling.

    Oil for February delivery was at $101.49 a barrel, up 15 cents, in electronic trading on the New York Mercantile Exchange. It rose $1.66, or 1.7 percent, to $101.34 a barrel yesterday, the highest settlement since Nov. 16.

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  • 12.28.2011

    CEPIPRINT Publishes November Statistics

    Total European Newsprint shipments for November declined 1.3% vs. 2010 and are down 2.8% year-to-date. Total European shipments of SC-Magazine grades declined 7.0% vs. 2010 and are down 0.6% year-to-date.  Total European shipments of Coated Mechanical Reels declined 2.9% vs. 2010 and are up 0.7% year-to-date.  Total European shipmenets of Uncoated Mechanical (Improved & Others) declined 11.1% vs. 2010 and are down 1.9% year-to-date.
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  • 12.28.2011

    PRC Advisory Opinion Finds USPS Proposal for Retail Closures Lacks Proper Analysis

    The Postal Regulatory Commission today issued its Advisory Opinion in Docket N2011-1 on the Postal Service’s Retail Access Optimization Initiative (RAOI), a program that identified more than 3,600 post offices and other retail facilities for possible closure this year.

    The Postal Service is required to ask the Commission for an Advisory Opinion on any change in nationwide service it proposes. The Commission found that the RAOI is likely to affect access to postal services.

    The Commission’s primary finding is that the RAOI was not designed to optimize the network. The Commission recommends the use of modern optimization tools and techniques to better maximize net retail revenues while fulfilling statutory service obligations.

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  • 12.23.2011

    Verso Addresses NYSE Listing Standard

    Verso Paper Corp. announced today that the New York Stock Exchange has notified the company that it has fallen below the NYSE's continued listing standard relating to market capitalization. The NYSE requires that Verso's average market capitalization over a consecutive 30 trading-day period be at least $75 million. As of December 21, 2011, the date of the NYSE notice, Verso's 30 trading-day average market capitalization was approximately $66.6 million.

    Mike Jackson, President and Chief Executive Officer of Verso, commented, "We do not believe that Verso's current stock price is indicative of the strong operating performance of the company. Verso has ample liquidity and is well positioned to fund its operations and anticipated growth."

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  • 12.23.2011

    Ahlstrom completes Porous Power Technologies transaction

    Ahlstrom Corporation, a global high-performance materials company, has completed the acquisition of a 49.5% stake in Porous Power Technologies, LLC. The U.S.-based company develops technology for lithium-ion battery separators. Ahlstrom has an option to acquire the remaining shares at a later stage.

    Ahlstrom, together with Porous Power, will be offering a new generation of separator solutions for safer batteries and capacitors in electric-drive vehicles, e-bikes, portable electronics and utility-grade storage products. Porous Power's current separator products are already being evaluated by battery manufacturers around the world. The products for electric vehicles will be commercially available in larger scale later.

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  • 12.23.2011

    American Greetings Announces Third Quarter Earnings

    American Greetings Corporation today announced its results for the third fiscal quarter ended November 25, 2011. 

    For the third quarter of fiscal 2012, the Company reported total revenue of $463.6 million, pre-tax income of $29.7 million, and net income of $20.2 million or 50 cents per share (all per-share amounts assume dilution).  Compared to the prior year, revenue increased approximately $33.5 million, or about eight percent. 

    Last year, for the third quarter of fiscal 2011, the Company reported total revenue of $430.1 million, pre-tax income of $51.5 million, and net income of $32.2 million or 78 cents per share.  

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  • 12.23.2011

    Crude Futures Head for Biggest Weekly Gain in Two Months on U.S. Economy

    Oil headed for its biggest weekly gain in almost two months in New York after U.S. economic reports indicated that growth in the world’s biggest crude consumer will accelerate.

    West Texas Intermediate futures have advanced 6.6 percent this week, the biggest rise since the period ended Oct. 28. U.S. initial jobless claims dropped to the lowest level since April 2008, data from the Labor Department showed yesterday. Leading indicators climbed more than forecast in November, and consumer sentiment improved this month. Oil supplies fell the most in a decade last week, the Energy Department said Dec. 21.

    “We’re seeing improving data from the U.S., which I expect will be a little bit stronger next year,” said Torbjoern Kjus, an oil market analyst at DnB NOR ASA, who predicts prices will decline in the first quarter as Libya boosts output. “But Europe’s problems will escalate and more than offset this.”

    Crude for February delivery was at $99.66 a barrel, up 13 cents, in electronic trading on the New York Mercantile Exchange at 11:24 a.m. London time. The contract yesterday rose 86 cents to $99.53, the highest settlement since Dec. 13.

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  • 12.23.2011

    The Atlantic Has Second Profitable Year in a Row

    The Atlantic has some milestones to celebrate as it heads into the holiday season. The brand is reporting gains across all of its platforms—print, digital and live events—for the fourth quarter and full year, carrying it into its second profitable year in a row.

    According to the company, digital ad revenue will be up 40 percent for the year and print ad revenue will edge up 2 percent. The events group, AtlanticLIVE, which includes the Aspen Ideas Festival, will post a 19 percent revenue increase over last year.

    For the fourth quarter, which signals the thirteenth consecutive one for year-over-year growth, revenue will be up 20 percent compared to same period last year.

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  • 12.23.2011

    Portucel Group strengthens presence in Mozambique

    As part of its strategy of exploring opportunities for growth and sustained value creation in the southern hemisphere, the Portucel Group has further strengthened its presence in Mozambique by obtaining a provisional Land Use Permit (DUAT) for an additional area of 182,886 hectares in Manica Province, issued by the Mozambican government (Council of Ministers Resolution of 19 December 2011). This new permit was granted under the agreement in principle reached between the Portucel Group and the Mozambican government in 2008, under which land use rights had already been granted for an area of 173,327 hectares in Zambezia Province. The Group now has at its disposal a total area of approximately 360,000 hectares for eucalyptus plantations and for commercial farming by its employees and local people.
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  • 12.23.2011

    Print Book Sales on the Rise Since Thanksgiving, But Trail 2010

    Thanksgiving weekend may draw lots of media coverage about holiday sales, but book sales of print titles have been trending upward every week since the start of the holiday shopping season. According to Nielsen BookScan, sales of print books in the stores it covers totaled 12.0 million the week ending November 27 and then jumped to 15.5 million units the week ending December 4. The following week, units rose again, to 18.6 million, and increased 26% the week of December 18, to 23.4 million.
     
    Compared to the same week in 2010, unit sales the week of December 18 were down 14%, with the closing of Borders and the growth of e-book sales likely the two biggest factors in the decline. During the last week, print backlist was doing better than frontlist, with backlist sales down 9% compared to a year ago and frontlist off 19%.
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  • 12.22.2011

    American Eagle Outfitters Continues International Expansion in Three New Markets

    American Eagle Outfitters, Inc. today announced the opening of stores in three new international markets?Morocco, Jordan and Egypt. The company also opened its third store in Saudi Arabia, and has plans for a second store in Lebanon in early 2012. The leading lifestyle brand, with a fleet of more than 1,000 stores worldwide, currently operates in Egypt, Jordan, Kuwait, Lebanon, Morocco, Saudi Arabia, and the UAE through its franchise partner, M.H. Alshaya, one of the most experienced retailers in the world.

    American Eagle Outfitters opened in Jordan on November 30 in Taj Mall. Morocco?s store opened in Casablanca at Morocco Mall on December 1. The Egypt store is located in Cairo?s City Stars Mall, and opened on December 10. The partnership with Alshaya, signed in May 2009, was AEO?s first foray into bricks-and-mortar stores outside of North America. Since then, AEO has opened stores in Russia, China and Hong Kong, and signed franchise agreements for stores in Japan and Israel as well, working with various franchise partners.

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  • 12.22.2011

    Oil Rises for Fourth Day as U.S. Supplies Decline by the Most in a Decade

    Oil gained for a fourth day in New York after U.S. crude inventories declined the most in a decade, adding to signs that the world’s biggest consumer of crude may avoid a recession.

    Futures rose as much as 0.7 percent after gaining 1.5 percent yesterday as Energy Department data showed stockpiles fell 10.6 million barrels, the largest decrease since February 2001. New York oil will average a record $100 a barrel next year as the U.S. averts recession, while London-traded Brent will decline from the 2011 mean, according to a Bloomberg News survey of analysts.

    “The big draw was quite bullish,” said Gerrit Zambo, a trader at Bayerische Landesbank in Munich, who predicts oil prices will remain little changed in early 2012. “Macro data in the past week has been mostly positive. I’m slightly optimistic that we won’t fall into a deep recession, and if recession comes it’ll be over quicker than people expect.”

    Crude for February delivery on the New York Mercantile Exchange climbed as much as 72 cents to $99.39 a barrel, the highest since Dec. 14, and was at $98.39 at 12:02 p.m. London time. The contract yesterday increased $1.43 to $98.67, the highest close since Dec. 13.

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  • 12.22.2011

    TIME to Relaunch Style & Design Supplement in March 2012

    After shuttering the supplement 18 months ago, TIME is relaunching Style & Design in 2012. The revamped version, to be led by TIME managing editor Rick Stengel and edited/curated by TIME staff, will debut with the March 26th issue of TIME [see mock cover, pictured].

    TIME worldwide publisher Kim Kelleher tells FOLIO: about the closure of Style & Design, “I understand the decision was a painful one – the supplement was very successful, and had a strong following internally. It was a separate division in the TIME team. Interestingly, it wasn’t as much of a straight financial decision, as it was a 'tightening of the belt' decision. We didn’t know how long the economic downturn was going to last.”

    The supplement debuted in 2003 with a heavy focus on fashion. Under Stengel, Style & Design will expand its editorial reach to international travel, cooking, decorating and home furnishing.

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  • 12.22.2011

    Hess Print Solutions and Valued Clients Recognized for Print Excallence

    Hess Print Solutions, a provider of accountable print performance solutions and other value-added services for catalogs, books, publications, commercial print, digital print and educational printed products, is proud to announce it was recently recognized alongside two valued clients with two 2012 Print Excellence Awards presented by the Printing Industries of Ohio • N. Kentucky.

    · Catalog client, Besa Lighting, received a Gold Award in the Catalog Products category for outstanding production of the Besa Lighting Catalog. 

    · Magazine publisher, SBMG iWed, Inc., received a Silver Award in the Magazines and Publications category for its publication, Premier Bride.

    “Our mission is to help clients increase revenue and profitability through print, related services and technology delivered with outstanding quality and excellent service,” said Douglas L. Mann, President and CEO of Hess Print Solutions.  “This recognition affirms that our focus is in the right place and we are honored to share these awards with our clients.”

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  • 12.22.2011

    Houghton Mifflin Harcourt Joins The Bookshelf Project

    Global education leader Houghton Mifflin Harcourt (HMH) today announced its involvement with The Bookshelf Project, an initiative to revolutionize education in Ohio by introducing students to proven content and innovative learning technologies. The Project, focused primarily in the Cleveland Metropolitan School District (CMSD), brings together highly renowned and committed partners in the public, private, and non-profit sectors to impact learning for 21st-century students.

    This pilot project will provide Barnes & Noble NOOK Color™ e-readers for students, teachers and administrators in two Slavic Village-area schools: Washington Park High School and grades 6–8 at Mound K–8 School. Each NOOK will be loaded with the latest groundbreaking content from HMH.

    “Innovation in education can only be successful if we get the innovation into the hands of students,” said Linda Zecher, CEO of Houghton Mifflin Harcourt. “The Bookshelf Project motivates and captivates students where they are, and HMH is thrilled to be a part of such a worthwhile cause. By putting our leading programs into the hands of students, while utilizing technologies that they are comfortable with, we stand to make a greater impact.”

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  • 12.22.2011

    Metso to deliver recovery boiler single-drum conversion to Stora Enso Imatra Mills

    Metso and Stora Enso Corporation have signed an agreement on the single-drum conversion of Stora Enso’s Imatra Mills’ recovery boiler. The conversion of the recovery boiler will be completed in the fall of 2012. The value of the order will not be disclosed.

    The upper and lower drum of the recovery boiler and the steam generating bank between them will be replaced by a new drum and separate boiler bank elements needed for heat recovery. At the same time, the second stage of the economizer will be rebuilt.

    “The conversion will significantly extend the boiler’s lifetime and allow for a possible capacity increase in the future. In addition, the conversion will improve the boiler’s availability, secure safe operation and reduce maintenance costs. Further advantages offered by a single-drum conversion compared to replacing the existing design are a shorter downtime and the reliability of the solution,” says Jouni Koskinen, Sales Manager, Boiler Conversions, from Metso.

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  • 12.22.2011

    Mobile to Capture 15.2% of Online Ad Spend in 2016

    Here we go again. Much of the 1990s was characterized by high-bar and long range forecasts of how much ad spending would rush away from print, TV, almost everything, and move to the Web. Well, that migration proved more complex, halting, and much slower than some bubble-puffing analysts of the 90s supposed. Only time will tell whether the enthusiasm for mobile platforms will persist and result in spending shifts. But let the predictions begin. According to Berg Insights, the mobile ad and marketing space will grow at an annual rate of 37% between 2010 and 2016. In terms of share of digital spend, that will mean mobile will account for 3.8% of all ad spend across all platforms and 15.2% of digital spend.

    The Berg estimate embraces only handset-based marketing and so presumably does not include the tablet market. But rapid uptake of the smartphone market is helping to drive this growth, Berg says. Marketers are moving beyond the test stage and starting to consider mobile as a channel. Berg says that marketers recognize that mobile handsets have ubiquitous penetration among adults. More importantly, the intimacy of the phone means the medium is always with the consumer and so conceivably always available to the marketer. Despite years of false starts and unmet projections about mobile marketing and media expansion, Berg insists, the time has come when mobile is becoming a part of the brand marketing mix.

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  • 12.22.2011

    M-real has concluded the statutory negotiations at the Äänekoski mill

    M-real Corporation, part of Metsäliitto Group, has concluded the statutory negotiations at the Äänekoski mill. In order to improve the profitability of its coated paper business M-real started on 9 November 2011 statutory negotiations concerning the potential closure of the Äänekoski paper machine and conversion of the mill’s sheeting capacity entirely to folding boxboard sheeting. M-real released a stock exchange bulletin on 2 November 2011 concerning these plans.

    Following the conclusion of the statutory negotiations, M-real has decided that the Äänekoski paper machine, with an annual capacity of approximately 200 000 tonnes of coated fine paper, will be closed by the end of 2011. The mill’s sheeting capacity will be converted fully to folding boxboard. Planning work related to the sheeting capacity conversion is on-going.

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  • 12.22.2011

    Torstar Announces That It Has Acquired An Interest In Blue Ant Media

    Torstar today announced that it has acquired an approximate 25% interest in Blue Ant Media Inc. Blue Ant Media is a newly established independent media company led by media veteran, Michael MacMillan. In addition to a controlling interest in GlassBOX Television which operates specialty channels Travel+Escape, Bite TV and AUX TV, Blue Ant Media owns a minority interest in Quarto Communications (Cottage Life, Outdoor Canada, Explore and Canadian Home Workshop).

    Blue Ant Media also announced today it has entered into an agreement to acquire Canadian broadcaster High Fidelity HDTV Inc. and its four premium high definition channels – Oasis HD, eqhd, radX and HIFI. The transaction is pending CRTC approval. Blue Ant Media will initially purchase 29.9% of shares in High Fidelity HDTV, with the remaining 70.1% closing subject to CRTC approval. As part of this transaction, private equity firm Providence Equity Capital Markets has committed to providing additional financing to Blue Ant Media for the completion of the acquisition of High Fidelity HDTV.

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  • 12.22.2011

    UPM Sells Its RFID Business to SMARTRAC

    UPM has reached an agreement with SMARTRAC N.V. today whereby UPM sells its RFID business to SMARTRAC. UPM will become an indirect shareholder of SMARTRAC with a 10.6 percent economic interest through the company OEP Technologie B.V. The closing of the deal is expected to take place during the first quarter of 2012. The transaction is still subject to regulatory approvals.

    SMARTRAC is registered in the Netherlands, and is one of the global market leaders in high-quality RFID inlays for electronic passports and contactless credit cards as well as for RFID transponders for public transport applications.

    “UPM has been developing and investing in its RFID inlay business for a number of years. The business unit has evolved from a small venture to a sizeable business and is now recognised as the market leader in its field. Combining the business unit with a company with the industry’s widest RFID business portfolio, we give it new leverage to continue to develop successfully. We see significant value increase potential in this new combination. Therefore we are pleased to become an indirect shareholder of SMARTRAC,” says Jussi Vanhanen, President, Engineered Materials, UPM.

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  • 12.22.2011

    Stora Enso signs EUR 150 million loan agreement

    Stora Enso has signed an agreement with the European Investment Bank (EIB) for a EUR 150 million loan to be used for the new container board machine investment project at Ostroleka Mill in Poland. The loan matures in 2023.

    “Our co-operation with EIB is good and we are delighted with EIB’s continuing support for our strategically important investments. The investment at Ostroleka will strengthen our competitive position in corrugated packaging in the growing markets of Central and Eastern Europe, and is one more step in building sustainable and profitable growth for the Group. The new container board machine with a modern product and greater capacity than the machine it replaces will not only renew our product offering, it will also improve our overall cost position through efficient internal supply of light-weight containerboard made from recycled fibre,” says Mats Nordlander, Executive Vice President, Packaging Business Area.

    The main items for the Ostroleka project have been procured and construction work is progressing as planned. The EUR 285 million container board machine investment project at Ostroleka is scheduled to be completed in the first quarter of 2013, as announced on 11 January 2011.

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  • 12.21.2011

    Talbots Responds to Sycamore Partners

    The Talbots, Inc. today responded to the unsolicited proposal received on December 6, 2011 from Sycamore Partners to acquire all of Talbots outstanding shares of common stock at a price of $3.00 per share. In its response, the Company informed Sycamore Partners that it had considered and evaluated the terms of the proposed transaction and had concluded that the proposal was inadequate and substantially undervalues the Company.

    The Board of Directors of the Company has resolved to explore a full range of strategic alternatives to maximize value for Talbots stockholders. Pending that evaluation, the Company will continue to pursue its long range plan and continue its previously announced search for a successor President and Chief Executive Officer.

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  • 12.21.2011

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

    According to the American Forest & Paper Association’s November 2011 Printing-Writing Paper Report, total printing-writing paper shipments decreased 4% in November compared to November 2010. All four major printing-writing grades posted decreases compared to last November. U.S. purchases (shipments + imports – exports) of printing-writing papers decreased 4% in November. Total printing-writing paper inventory levels increased 2% compared to October 2011.

    Some points of interest from the report include: Purchases of uncoated free sheet (UFS) increased year-over-year for the second time in 2011. Shipments of coated free sheet (CFS) decreased year-over-year for the twelfth consecutive month, following 13 consecutive months of year-over-year increases. Coated mechanical (CM) shipments decreased for the eighth consecutive month. Uncoated mechanical (UM) shipments decreased year-over-year for the eighth consecutive month, following 15 consecutive months of year-over-year increases.

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  • 12.21.2011

    U.S. Recovered Paper Consumption Drops 5% in November

    According to the November 2011 Recovered Paper Monthly Report published today by the American Forest & Paper Association (AF&PA), total U.S. industry consumption of recovered paper was 2.4 million tons, 5% lower than November of last year, and 5% lower than October 2011. Decreases compared to last month were observed across all grades of recovered paper, with Corrugated consumption entering its 3rd straight month of decline, and Mixed consumption dropping 5% despite holding relatively steady over the past 4 months.  Overall, year-to-date consumption of total recovered paper compared to the same period in 2010 has also decreased by 5%. Inventories, on the other hand, reached their highest point for 2011, bringing days of supply up one day to 11.
     
    U.S. exports of recovered paper rebounded 4% in October after a drop in September, with the biggest increase by volume surprisingly in Mixed grades.  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 29% higher year-over-year.
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  • 12.21.2011

    Arandell Forms Alliance with Catalog Marketing Economics

    Arandell, North America’s premier offset printing company, announces they have advanced a partnership with Jim Coogan, President of Catalog Marketing Economics, to complement Arandell’s Marketing Services. Mr. Coogan’s primary focus will be consulting customers on the core competencies of circulation planning for catalogs, project management of catalog circulation, analysis, planning and control of catalog campaigns.

    “Jim brings over 30 years of circulation experience to his consulting role at Arandell,” asserts Jim Treis, Arandell Executive Vice President of Sales and Marketing. “Leveraging his strengths and providing effective solutions to our customers will give our sales team an even greater advantage in the marketplace and allow us to explore new business development opportunities.”

    Currently, President of Catalog Marketing Economics, Coogan represents the Arandell team with intentions of helping Arandell customers identify the actions that will immediately and measurably improve the their catalog’s circulation results. “Arandell has always been known as a leader in the print industry and I am proud to be joining such a reputable organization,” states Coogan. “I look forward to the opportunity and plan on contributing to the suite of marketing services offered by Arandell.”

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  • 12.21.2011

    Oil Climbs a Third Day on U.S. Economy, Shrinking Supplies, Iran Sanctions

    Oil rose a third day in New York on signs that the U.S. economy will be spared a recession and amid growing pressure on Iran to curtail its nuclear program.

    Futures advanced as much as 1.3 percent after data from the American Petroleum Institute showed crude inventories dropped to the lowest in almost two years. Analysts in a Bloomberg News survey predicted the Energy Department will say today supplies fell 2.13 million barrels. The February contract surged 3.4 percent yesterday on U.S. housing data that beat estimates, unexpected growth in German business confidence and concern that shipments from Iran may be curbed.

    “Oil has been strengthening as we get more positive U.S. economic data, such as housing starts, along with a recovery in the euro and the possibility of Iranian reprisals,” said Robert Montefusco, senior broker at Sucden Financial in London.

    Crude for February delivery rose as much as $1.26 to $98.50 a barrel in electronic trading on the New York Mercantile Exchange. It was up 0.7 percent at $97.93 at 11:20 a.m. London time. The contract yesterday climbed $3.19 to $97.24. Front- month futures have risen 7.2 percent this year after gaining 15 percent in 2010.

    Brent oil for February settlement on the London-based ICE Futures Europe exchange rose as much as $1.03, or 1 percent, to $107.76 a barrel. The European benchmark contract was at a premium of $9.31 to New York-traded West Texas Intermediate grade.

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  • 12.21.2011

    Walgreen Co. Reports Fiscal 2012 First Quarter Earnings of $554 Million

    Walgreens today announced earnings and sales results for the first quarter of fiscal year 2012 ended Nov. 30.

    Net earnings were $554 million, a 4.5 percent decrease from $580 million in the same quarter a year ago. Net earnings per diluted share for the quarter increased 1.6 percent to 63 cents, compared with 62 cents per diluted share in the year-ago quarter. Compared with the prior year’s quarter, the delay in the cough/cold and flu season impacted net earnings per diluted share by 1 cent, while the strategic decision to no longer be part of the Express Scripts, Inc. pharmacy provider network as of Jan. 1, 2012, cost 1 cent per diluted share in comparable pharmacy sales and 1 cent per diluted share in related expenses.

    Total gross profit dollars increased $159 million, or 3.2 percent, compared with the year-ago quarter, with gross profit margins decreasing 0.4 percentage point versus the year-ago quarter to 28.1 as a percentage of sales. The decline was driven by retail pharmacy margins which saw a reduction in reimbursement rates, while front-end margins remained steady. The company expects an increase in gross profit growth from new generic drug introductions, including generic Lipitor, during the second half of the fiscal year compared with what was seen in the first quarter. The LIFO provision was $45 million this year versus $42 million last year.

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  • 12.20.2011

    Oil Rises a Second Day on Signs U.S. Crude Supplies Shrank, Iran Outlook

    Oil rose for a second day in New York on forecasts that U.S. crude stockpiles declined for a second week and speculation that further sanctions against Iran will curb supply from OPEC’s second-largest producer.

    Futures advanced as much as 1.5 percent, extending yesterday’s 0.4 percent gain. U.S. crude inventories fell by 2 million barrels last week, according to a Bloomberg News survey before tomorrow’s Energy Department report. Gulf Cooperation Council leaders are in Saudi Arabia for a meeting that may address responses to Iran’s nuclear program.

    “In the U.S., the economy is on the road to recovery, with falling unemployment and consistently improving growth against a background of low and falling oil stockpiles,” said Christopher Bellew, a senior broker at Jefferies Bache Ltd. in London. “In Europe growth is virtually non-existent.”

    Crude for January delivery climbed as much as $1.42 to $95.30 a barrel in electronic trading on the New York Mercantile Exchange. The contract, which expires today, was at $95.19 at 12:06 p.m. London time. The more actively traded February future gained $1.02 to $95.07.

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  • 12.20.2011

    U.S. ad spending growth slowing down

    Ad spending in the U.S. increased 1.5% in the first nine months of the year compared with the year-earlier period, according to data released by Kantar Media. Growth in spending is slowing, the company said.

    “The cautious optimism for the advertising market at the beginning of 2011 has been replaced by the statistical evidence of progressively slowing growth rates,” said Jon Swallen, senior VP-research at Kantar Media North America, in a statement. “From +4.1% in the first quarter, to +2.8% in the second quarter and now a barely palpable +0.4% for the July to September period.”

    Internet media, which includes paid search and display advertising, was up 2.8% for the first nine months of the year, but Internet media spending was down 2.9% in the period from July through September, according to Kantar. This decline was led by a drop in paid search spending, which fell 14.4%.

    Ad spending in b2b magazines has increased 1.1% for the first three quarters of the year. For the July through September period, ad spending in b2b magazines increased just 0.8%.

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  • 12.20.2011

    Name Change Consolidates Chesapeake's Global Brand

    Chesapeake, one of the world’s leading packaging manufacturers, has re-branded its US-based Cortegra operations under the Chesapeake banner. Pharmaceutical and Healthcare packaging specialist, Cortegra, became part of Chesapeake in September 2011 and this latest initiative consolidates the company’s businesses under one name. At the same time, it also emphasises the company’s common values, unified customer focus and extensive production capabilities.

    “The change in corporate identity will help support our drive for further growth and development. It will simplify business for current and future customers, for whom the company’s broad range of capabilities and products will now be more visible. Chesapeake has benefited from high levels of investment in recent years and we have long-term plans for development that will further enhance service levels and extend our geographical reach.” said Mike Cheetham, Chesapeake’s Chief Executive Officer.

    The re-branding exercise will be complete by January 2012, when the facilities in New Jersey and Indiana will officially begin trading under the Chesapeake name.

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  • 12.20.2011

    International Paper, Temple-Inland Extend Regulatory Review Timing Agreements With the DOJ

    International Paper Company and Temple-Inland Inc. today announced that they have agreed with the U.S. Department of Justice ("DOJ") to extend the review period for their pending merger until January 27, 2012.  Previously, the companies had agreed with the DOJ not to consummate their merger prior to December 31, 2011.  The companies also agreed to extend the outside date under their merger agreement from June 6 to June 28, 2012.

    International Paper Senior Vice President and General Counsel Sharon Ryan said, "We continue to cooperate with the Department of Justice and look forward to satisfying the closing conditions for the completion of this transaction."

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  • 12.20.2011

    Vistaprint Agrees to Acquire Webs Inc. for $117.5 Million

    Vistaprint N.V. and Webs Inc., the do-it-yourself suite of Websites, Facebook pages and mobile presence solutions for small businesses, announced the companies have entered into a definitive agreement in which Vistaprint will acquire Webs for $117.5 million payable at closing. The company‘s revenues for the calendar year 2011 are forecast to be approximately $9 million.

    Webs has served more than 40 million customers globally since its inception in 2001, with millions of active users and 100,000+ paying subscribers. More than 20,000 new users register daily for Webs’ suite of products. The company currently monetizes its offerings primarily by providing premium products for which customers pay subscription charges. Webs is based in Maryland and employs approximately 50 full-time employees.

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  • 12.20.2011

    Tempt Grand Opening Unveils In-Store Marketing Powerhouse Dedicated to Retailers' Success

    Tempt In-Store Productions, a Quad/Graphics company, announced today that it has completed finishing touches on its new 100,000-sq.-ft. in-store marketing display and signage center in New Berlin, Wis. The facility more than triples the manufacturing space of the previous location in nearby Menomonee Falls, and features new presses and related equipment and capabilities that make it one of the most modern, innovative and fastest-growing in-store production companiesin the industry.

    “Tempt In-Store Productions offers unique solutions to our many retail and brand accounts,” explains Michael Draver, President of Tempt. “More than ever, today’s retail stores have become destinations for shoppers. Our customers rely on us to help them create an environment that brings their in-store experience to life and commands attention. Our distinctive style of doing business and total-solutions approach has been embraced by a growing list of customers, and these sophisticated retailers and brand marketers are enabling us to invest in the future and grow our business.”

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  • 12.20.2011

    Twin Rivers Paper Company Broadens its Reach in Ultra-Lightweight Packaging Market

    Twin Rivers Paper Company, a leader in lightweight specialty packaging, label, and publishing papers, broadens its popular Acadia NSR product offering with two new lightweight options. Acadia NSR in 15 and 16lb expands the already comprehensive offering, providing a range of alternatives from 15 – 75lb (24x36/500). This uncoated, multi-purpose, machine finish paper is ideal for a variety of waxing, laminating and converting processes and suitable for use in a host of end-use applications ranging from deli wraps and pouches to liners and interleavers. Acadia NSR is FDA compliant and available in wet strength options.

    “We recognized the need for more options in today’s competitive environment and our deep experience in lightweight paper manufacturing allowed us to quickly respond to customer needs with an enhanced Acadia NSR offering,” says Dave Deger, Director of Marketing and Business Development. “We remain committed to innovation and co-development and continuously look for ways to bring value to our customers through our technical expertise.”

    Acadia NSR is part of a growing portfolio of specialty packaging papers that also includes the Acadia SR and the Bladepak® family of products. This portfolio is known for its high strength, printability, convertibility and broad range of grease resistant, PFOA free and wet strength options.  These products, when combined with Twin River Paper Company’s unparalleled technical expertise and commitment to innovation, are an optimal choice for solving packaging challenges in the industry.

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