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10.18.2012
Amazon.com, Inc. today announced “Whispercast for Kindle,” giving schools and business customers a simple, scalable online tool for deploying Kindle devices and Kindle content. Whispercast provides a single access point to easily purchase and distribute Kindle books and documents for educational, marketing and employee incentive programs across Kindle devices and free Kindle reading applications for iPad, iPhone, Android phones and tablets, PCs and Macs. In the coming months, Whispercast will support distribution of Kindle Fire applications. Whispercast works with Kindle e-readers and Kindle Fire tablets, including the recently announced $69 Kindle, Kindle Paperwhite, Kindle Paperwhite 3G, Kindle Fire, Kindle Fire HD, Kindle Fire HD 8.9” and Kindle Fire HD 8.9” 4G LTE. To learn more about Whispercast, visit http://whispercast.amazon.com.
“Hundreds of thousands of students around the world are already reading on Kindle,” said Dave Limp, Vice President, Amazon Kindle. “Today, we are announcing Whispercast, a free, scalable solution for school and business administrators to centrally manage thousands of Kindles and wirelessly distribute Kindle books as well as their own documents to their users. Organizations can also design bring-your-own-device programs at school or work using personally-owned Kindles, Kindle Fires, and other tablets using the free Kindle reading applications for receiving content.”
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10.18.2012
The American Forest & Paper Association released its September 2012 U. S. Containerboard Statistics Report today.
Containerboard production fell 4.8 percent over August 2012 and 2.2 percent compared to same month last year. The month-over-month average daily production decreased 1.6 percent. The containerboard operating rate for September 2012 lost 1.5 points over August 2012, decreasing from 97.5 percent to 96 percent.
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10.18.2012
The American Forest & Paper Association has released its September 2012 Kraft Paper Sector Report.
Total Kraft paper shipments were approximately 130,100 tons, a decrease of 2.2 percent compared to the prior month. Total inventory was approximately 77,900 tons in September. Unbleached Kraft shipments decreased, but bleached Kraft shipments increased year over year for the eighth month in 2012.
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10.18.2012
R. R. Donnelley & Sons Company today announced that it has been awarded a $25 million multi-year agreement by Parke-Bell Ltd, Inc. to provide prepress, printing, binding, and logistics services for the company's Touch of Class catalogs. Touch of Class is a leading multi-channel merchant of home décor and furnishings products. The agreement renews and expands the companies' relationship.
"Our customers trust Touch of Class to present a broad array of high quality products that will enhance the beauty, convenience and functionality of each room in their homes, so color reproduction in our catalogs is especially important," said Fred Bell, the company's CEO. "We believe that RR Donnelley's craftsmanship, prepress expertise and logistics resources will deliver exceptional value to Touch of Class as they help us bring our distinctive offering to our customers."
Under the terms of the agreement RR Donnelley will help to drive postage efficiencies for Touch of Class through its co-binding and co-mailing capabilities, both of which are designed to help customers take maximum advantage of the discounts offered by the USPS.
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10.17.2012
In response to the recent increase in reporting that electronic media is more environmentally friendly than print, Printing Industries of America is fighting back, rebutting these statements, and expanding its efforts to actively promote the value of print.
Now more than ever, it is vital to communicate that printed products are both environmentally and socially responsible. To advance the core message that printing is vital and a sustainable form of communication, Printing Industries of America has developed and provided information and resources to help increase awareness about print.
These tools and resources can be found on this website. Learn more about how Printing Industries of America is championing print by clicking the link.
http://value.printing.org/page/9052
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10.17.2012
Japs-Olson Co., one of the country’s leading commercial printing and direct mail production companies, has dramatically expanded its direct mail commingling and mail tracking capabilities. The expansion is part of the company’s postal logistics program designed to help clients reduce their postage costs and improve mail delivery.
Japs-Olson’s commingling postal optimization platform automatically combines multiple direct mail streams into a single mail stream to provide the best postal savings.
“Postage is the single largest cost of any direct mail program and our clients expect us to manage these costs in the most effective manner possible,” said Japs-Olson’s CEO Mike Beddor. “Our expanded postal optimization program will enable more clients to enjoy greater postal savings with greater saturation, enhanced speed-to-market and in-home delivery. We continue to improve our systems in order to track client mail through the postal system to the point of delivery.”
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10.17.2012
The Eastern Bag and Paper Group said that they have changed the company name and now operate as EBP Supply Solutions.
"The rebranding — which includes the renaming, a new logo and an all-new website, EBPsupply.com — was more than a year in the making," the company said in a statement.
"We evolved our name to better convey the broader scope of our product base and to underscore our dedication to provide a range of unique solutions that help businesses thrive," said Meredith Reuben, CEO of EBP.
The new brand platform reinforces the customer-centric approach that EBP focuses on making supplies work harder, so customers can work smarter. The company not only offers supplies, but delivery, consulting, training, and equipment repair services as well.
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10.17.2012
The Newark Group today announced its 2020 Sustainability Goals. The goals, part of the company’s sustainability project that began in late 2010, align The Newark Group with AF&PA's Better Practices Better Planet 2020 goal and with the company’s personal objectives.
“The Newark Group was founded on the concept of sustainability so it is only natural that we continue to do our part to align with the goals of the AF&PA as well as live up to our own standards,” said Frank Papa, President and CEO.
“Our commitment to sustainability is unwavering and encompasses not only the sustainability of the environment, but also a commitment to sustainable business practices,” Papa added.
Among the stated goals of The Newark Group are:
a 10% reduction in energy use and Greenhouse Gas Emissions;
a 12% reduction in Water Use; a 15% reduction in Solid Waste and;
a 30% reduction in Incident Rate to lead to improved employee safety.
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10.17.2012
Boise Inc. announced today it will permanently cease production on the company’s one remaining paper machine (H2) at its St. Helens, Oregon, paper mill. The decision will reduce Boise’s annual uncoated freesheet capacity by almost 60,000 tons and result in a loss of approximately 100 jobs, primarily at the mill.
"This is a difficult but necessary decision to focus our efforts and resources on the products and machines elsewhere in our system that drive the financial performance and cash flow of our paper operations," said Alexander Toeldte, president and chief executive officer of Boise Inc. "Despite the dedication and hard work of our employees, we have concluded the machine cannot compete in the marketplace over the long-term. We thank all of our employees, customers, suppliers, and the community who have supported this operation over so many years. We will work closely with our customers and suppliers to ensure a smooth transition."
The company expects to stop production on the machine by December 31, 2012. Eligible salaried employees will be offered severance packages and outplacement assistance. Negotiations will be scheduled with the Association of Western Pulp and Paper Workers Union (AWPPW) Local 1 to determine the effect for union employees.
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10.17.2012
Oil traded near the highest level in a week in New York on signs Germany may ease its resistance to a Spanish bailout and after industrial production rose more than forecast in the U.S., the world’s biggest crude consumer.
Futures were little changed after rising as much as 0.7 percent today. Two German lawmakers said the country is open to Spain seeking a precautionary credit line. Output at U.S. factories, mines and utilities rose 0.4 percent in September, twice as much as the median forecast of economists surveyed by Bloomberg News, data from the Federal Reserve in Washington showed yesterday.
“All the measures taken to show some progress in the European debt crisis should improve sentiment for commodities and for crude as well,” said Hannes Loacker, an analyst at Raiffeisen Bank International AG in Vienna, who predicts Brent crude will trade at about $114 a barrel at the end of the year.
Crude for November delivery was at $92.25 a barrel, up 16 cents, in electronic trading on the New York Mercantile Exchange at 11:33 a.m. London time.
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10.17.2012
Last week, SourceMedia’s Health Data Management brand premiered the Healthcare Innovation Center, a virtual experience showcasing the latest products and stories on new healthcare technologies. The Center, simulating virtual games like The Sims, is initially presented as a floor plan of a typical hospital. Visitors can click on any of the eight hospital units (Patient Room, ICU Unit, Emergency Department, Radiology, Surgery, Administration, Medical Records and Data Room) and find fully equipped rooms with cutting-edge products. Users can then click on products to get an overview, read articles, watch videos and more. The resource aims to give Health Data Management’s readers -- senior-level administrators, clinicians and IT staff -- an engrossing yet non-intrusive look into the hospitals of tomorrow.
“As publishers, we have an obligation to our readers to always come up with engaging ways to present content,” says Rob Whitaker, a SourceMedia senior vice president and group publisher. “We wanted an immersive environment that would let our readers ‘experience’ content. Unfortunately, that platform didn’t exist, so we started building it by bringing together the folks who had experience in different areas.”
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10.17.2012
Stagnito Media has acquired Private Label magazine from E.W. Williams Publications Co. and will marry the magazine with its own Progressive Grocers Store Brands to form a new publication, Private Label Store Brands (PLSB). The newly formed print magazine will take advantage of the trend of more consumers purchasing store brand products.
"With this merger, we'll produce an exciting new publication for the market, one that will appeal to a wider range of retailers and industry suppliers," said Steven Lichtenstein, vice president and group publisher of Stagnito Media, in a video statement. "Store Brands' highly strategic approach will perfectly complement Private Label's statistical and private-based information."
Accompanying the new publication is the creation of the website plstorebrands.com. Stagnito will also up the frequency of its e-newsletter Store Brands Strategies from weekly to daily. Lichtenstein, who will head the entire group, says the new publication will focus on "the why and how" rather than the "who and what," targeting senior-level management, purchasing and merchandising executives. The acquisition also included other Private Label products, including Private Label International and Private Label China.
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10.17.2012
Pearson, the world’s leading learning company, is announcing today the acquisition of EmbanetCompass from an investor group led by Technology Crossover Ventures and Knowledge Universe, for $650m in cash.
EmbanetCompass partners with leading non-profit colleges and universities in North America to provide fully online learning solutions for more than 100 university programmes. It provides a full range of services including: programme design and development, marketing and student recruitment, faculty training and support, data-driven student retention and learning analytics; student services (counselling, tutoring, mentoring), technology support and launch funding.
Institutional services are one of the fastest growing areas of the US higher education market. Out of 6,700 degree-granting institutions in the US, approximately 175 institutions engage third-party vendors to power online programmes. Of a total post-secondary student population of 22 million, 2.5 million participate in purely online programmes with over 6 million taking at least one online course. Pearson believes the number of students learning online and the number of institutions serving those students will grow rapidly, as academic institutions seek low-risk and cost-effective ways to better serve new and existing customers by boosting student access, affordability, achievement and retention.
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10.16.2012
Trade sales for the first six months of 2012 rose 13.1%, to $2.33 billion, according to figures released this morning by the Association of American Publishers as part of its StatShot program. Total industry sales were up 4.4% in the period, to $5.79 billion. The figures come from data from 1,186 companies.
Within trade, which the AAP classifies as including adult, children’s, religion and university press, the children’s/young adult segment had the strongest gain with sales up 40.7% boosted by strong sales of the Hunger Games trilogy. Adult fiction and nonfiction sales rose 8.3%, with the Fifty Shades series leading the way. Sales in the religion category were down 9.2%, while university press sales rose 5.5%.
By format, adult e-book sales jumped 34.4%, to $621.3 million at companies that report to AAP, moving e-books ahead of hardcover as the second largest adult format. Hardcover sales were up 2.1% in the first six months, to $556.2 million. Trade paperback remained the largest segment as sales rose 5.2%, to $720.8 million. The size of the mass market paperback business continued to shrink, however, with sales off 20.3%, to $198.9 million.
In the children’s segment, hardcover led the way among print formats with sales up 37.1% followed by paperback and board books which had gains of 12.9% and 12.7%, respectively in the period. Sales of e-books jumped 251%, to $146.4 million, a figure that trailed hardcover (sales of $387.4 million) and paperback ($266.4 million).
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10.16.2012
Asia Pulp & Paper Group (APP) has received an Advanced level rating in SGS’s independent assessment for ISO 26000 social responsibility standards, making it the first in its sector in Asia-Pacific to receive this recognition from leading independent global industry auditor Société Générale de Surveillance (SGS).
ISO 26000 is a set of globally recognized best-practice guidelines on organisational governance, labor practices, the environment, fair operating practices, consumer issues, community involvement and development. IKT achieved a level four verification, out of a possible five, giving it an Advanced status. The assessment is based on the SGS Performance Standard on ISO 26000.
“The objective of the SGS Performance ISO 26000 method is to identify how organizations can improve their performance in various areas of social responsibility. We are pleased to see that a corporation such as APP has chosen our method, and values continuous improvement, demonstrating commitment to internal and external stakeholders. Benchmarks and best practices in sustainable fields were provided to APP to enable a path of ongoing improvement and evaluation of performance," stated Mr. Guy Escarfail, Managing Director, SGS Indonesia.
This new Advanced designation compliments the APP Sustainability Roadmap Vision 2020 launched on June 5th. The Roadmap details the company’s path forward towards social and environmental best practices in sustainability. ISO 26000 guidelines align with the goals of the sustainability roadmap including human rights, employee welfare, and community empowerment.
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10.16.2012
Gannett Co., Inc., a leading international media and marketing solutions company, today reported strong third quarter financial results. Earnings per diluted share, on a GAAP (generally accepted accounting principles) basis were $0.56 for the third quarter of 2012 compared to $0.41 for the third quarter last year. Excluding special items in 2012 and 2011, third quarter earnings per diluted share were $0.56 this year compared to $0.44 for the third quarter of 2011.
Net income attributable to Gannett totaled $133.1 million in the third quarter of 2012. Net income attributable to Gannett on a non-GAAP basis was $130.9 million, an increase of 23.3 percent from 2011. Reported operating income was $217.2 million in the third quarter of 2012. Non-GAAP operating income totaled $231.9 million, 12.1 percent higher than the third quarter last year. Operating cash flow in the quarter (a non-GAAP term defined as operating income plus special items, depreciation and amortization) was $280.4 million compared to $255.8 million in the third quarter a year ago.
Total operating revenues for the company in the third quarter were 3.4 percent higher than the prior year and totaled $1.31 billion. Broadcasting revenues were substantially higher in the quarter increasing 36.0 percent driven by significantly higher ad demand associated with the Olympics and political spending. Digital segment revenues were up 4.7 percent due primarily to revenue growth at CareerBuilder. Publishing segment revenues were 3.0 percent lower reflecting softer advertising demand partially offset by a 5.6 percent increase in circulation revenue due to the positive impact of the all access content subscription model.
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10.16.2012
Mary Berner, the new CEO of MPA, set a feisty tone for the 2012 AMC right from the start. “I’m pissed because we have others hijacking our narrative,” Berner said in opening remarks here Monday morning. “By letting others hijack our story, it has become one of doom and gloom, demise and even death. And that conversation is affecting our business.”
Instead, Berner said, the magazine industry is well positioned to thrive, if it has the “balls and the chutzpah” to prevail. Changing the conversation, she said, “has to be faster, louder and with one strong freakin’ voice.”
Berner took the audience of 200-plus attendees through a quiz in which each multiple-choice question had one answer that told a negative gloom-and-doom story, and another that had the often much-happier reality.
For example, total magazine-audience numbers have increased by 4 percent since 2010, and there has been a 57 percent spike in the number of brands advertising on magazine media platforms (tablet, online and print) since 2010.
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10.16.2012
FiberMark, a manufacturer of specialty cellulose and synthetic fiber-based printing media, announces the availability of DigiScape™ PVC Free Digitally Printable wall covering. DigiScape is an environmentally responsible alternative to PVC wall covering products.
DigiScape is a 17 mil thick, 350 gsm, latex saturated, wet strength, commercial wall covering product. DigiScape is manufactured with a combination of 30% post-consumer waste cellulose fibers, virgin fibers, and synthetic fibers, making it strong and durable.
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10.16.2012
The Direct Marketing Association (DMA) announced the launch of the Data-Driven Marketing Institute (DDMI) – an initiative put forth to provide research, consumer education, and advocacy to stand up to data-regulating legislation.
“There seems to be a lot of fear-mongering out there that's just inaccurate. There's just no other way to say it,” said DMA acting CEO and president Linda Woolley. “When the chairman of the FTC talks about going online and buying a deep fryer and having consumers be afraid that they're going to be denied health insurance, that's just flat wrong. We decided that it's time to correct some of these mis-characterizations and misapprehensions.”
Woolley said the DMA aims to devote more than one million dollars to the program and intends to implement lobbying efforts, research on consumer attitudes and economic impact, and tools and education regarding consumer online behavior. Woolley listed DMAchoice, a tool that allows consumers to opt out of receiving advertising mail, as an example of DMA's consumer assistance.
“We believe that consumers absolutely have the right to know what's going on and opt out if they don't want it,” Woolley said.
Woolley maintained that marketing with consumer data is not only good for the economy, but is also a way of life for consumers.
“The use of consumer's personal data is…something they expect, something they want, and something that is so ingrained in their lives,” she said. “Lots of parts of the economy are not growing. Not so with direct marketing." Woolley said that if consumers were overly concerned about their privacy, they would take more action.
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10.16.2012
Brent crude traded at the highest premium in a year to futures in New York amid concern that supplies from the North Sea and the Middle East will be disrupted and speculation U.S. stockpiles are increasing.
Brent in London climbed to as high as $24.28 a barrel more than West Texas Intermediate as WTI remained little changed near a three-day low. The European Union tightened sanctions on Iran’s energy exports, while Nexen Inc. (NXY) declined to give a specific date for resuming its Buzzard field in the North Sea after maintenance. Crude inventories in the U.S., the world’s biggest oil user, rose 1.5 million barrels last week, according to a Bloomberg News survey before a government report tomorrow.
“The Brent market has been inflated by declining North Sea production and hiccups in that production, like the recent problems with Buzzard,” said Christopher Bellew, a senior broker at Jefferies Bache Ltd. in London. “The price of WTI is also being distorted by the huge increase in U.S. domestic oil production.”
Crude for November delivery fell 32 cents to $91.53 a barrel in electronic trading on the New York Mercantile Exchange at 10:38 a.m. London time.
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10.16.2012
Packaging Corporation of America today reported third quarter 2012 net income of $40 million, or $0.41 per share, which included after-tax charges of $13 million, or $0.14 per share, from debt refinancing charges. Net income, excluding these charges, was $53 million, or $0.55 per share, compared to third quarter 2011 net income of $43 million, or $0.43 per share, which excludes energy project asset disposal charges.
The $0.12 per share earnings increase, excluding special items, was driven by higher containerboard and corrugated products volume ($0.07), and lower costs for energy ($0.05), recycled fiber ($0.04) and chemicals ($0.02). These items were partially offset by higher costs for labor and benefits ($0.03), interest ($0.02) and depreciation ($0.02).
Excluding special items, net income for the first nine months of 2012 was a record $142 million, or $1.45 per share, compared to $122 million, or $1.21 per share, in 2011. This earnings increase of $0.24 per share was driven by higher containerboard and corrugated products volume ($0.23), lower costs for energy ($0.14), recycled fiber ($0.08) and chemicals ($0.05) and a lower share count from share repurchases ($0.04). These items were partially offset by higher costs for labor and benefits ($0.09), depreciation ($0.07), interest ($0.06) and transportation ($0.04), and lower export pricing ($0.05).
Net sales were a record $723 million, up 8% compared to the third quarter of 2011, and year-to-date net sales were a record $2.1 billion, up 7% over 2011.
Corrugated products shipments per workday were up 5.7%, including 3.1% from acquisitions, and were up 4.0% in total with one less shipping day this year. Outside sales of containerboard were up 8,000 tons over last year’s third quarter. Containerboard production was 670,000 tons, up 20,000 tons over the third quarter of 2011. Containerboard inventories at the end of September were 9,000 tons below second quarter levels.
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10.16.2012
UPM Finesse workbook was selected as a finalist in the prestigious printing industry competition "PrintStars 2012” described as the innovation award of the German printing industry. The event took place in Stuttgart, Germany on October 9 and featured more than 420 participants and 900 companies that showed their best printed products. UPM was a finalist among 12 within the flyers, leaflets and brochure category.
UPM participated in the event by creating a printed product denominated "True consistency," a brochure consisting of 52 pages of impressive artwork, conceptualized and produced in partnership with Münich-based agency Pantos. The final work showcased a sophisticated printed product that suggests a wide variety of printing techniques options for those in the printing industry.
The "True Consistency" brochure is made of UPM Finesse paper, an exclusive wood-free coated paper renowned industry-wide for its consistent high quality.
The position of UPM Finesse as a high-quality paper is highlighted on the brochure’s image reproduction and pre-press, and from printing and finishing to bookbinding. The paint technique was of the highest technical level; hot and cold foil, iridescent pigments, special colours, embossing and die cuts were used to create an original and attractive workbook.
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10.16.2012
Ahlstrom's sales volume development during the remainder of the year is expected to be weaker than the company had earlier estimated due to lower than expected demand in key markets. Demand has been reduced due to the continued slowdown especially in the economies in Europe. In addition, recovery in China has been delayed.
Ahlstrom anticipates that its net sales and operating profit excluding non-recurring items for 2012 will be lower than the company had previously estimated.
The company now expects its net sales from continuing operations to be between EUR 1,550-1,630 million and operating profit excluding non-recurring items from continuing operations to be EUR 48-58 million. Ahlstrom had previously forecast its 2012 net sales to be EUR 1,575-1,735 million and operating profit excluding non-recurring items to be EUR 60-80 million for 2012.
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10.16.2012
Meredith Corporation, the leading media and marketing company serving American women, today announced that Traditional Home, the largest upscale shelter magazine in America which celebrates the union of timeless design with modern living, has been named to Advertising Age's 2012 Magazine A-List.
Advertising Age said the following about Traditional Home:
"There's no reason to lie down in the face of a tough economy or challenges to print publishing. Take a look at Traditional Home, which is finding younger and richer readers with TradHome, a shoppable online magazine it created last year with all-digital shelter mag Lonny, and expanded to two issues this year. But Traditional Home is also succeeding in print, where ad pages in its January through October issues increased 11.5% while monthlies as a whole slipped, according to MIN. Its October ad pages were the highest for that month since 2008. Traditional Home also increased single-copy sales in a difficult newsstand environment."
"This A-list win for Traditional Home is a true reflection of our A-team's dedication and hard work over the past two years," said publisher Beth Fuchs Brenner. "It speaks to the relevance of traditions in our family lives, and the home as the nucleus of all we hold dear. We couldn't be more excited."
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10.16.2012
Gov. Paul LePage and his forest products advisor Rosaire Pelletier are among the key players who will be invited to help the new Great Northern Paper Co. LLC celebrate its one-year anniversary on Oct. 25, the company’s spokesman said.
“It is a great achievement, and the mill and its workers have earned a moment of celebration — particularly the workers,” spokesman Scott Tranchemontagne said Friday. “This is about congratulating them for their hard work and for all the extra work and moments where they have gone above and beyond over the first year.”
Other federal and state leaders, plus leaders from the Katahdin region, are among the invited guests, Tranchemontagne said.
“It is not lost on us that a lot of people came together to reopen this mill, and they should be recognized,” he said.
Today employing 272 workers, the mill is on-track to produce about 160,000 tons of newsprint and telephone directory paper with its No. 5 and 6 machines in 2012, company officials have said.
LePage culminated weeks of hard and largely secret work by his staff and local leaders and announced on Sept. 17, 2011 that Cate Street Capital of Portsmouth, N.H., had purchased the Main Street and Millinocket paper mills on undisclosed terms.
The deal was made final on Sept. 28 and the East Millinocket mill restarted on Oct. 17, 2011, with 215 workers, though its initial restart stopped a day or two later and was postponed by about a week due to mechanical problems.
The mill had a full year of orders and as of today has a confirmed 38- to 42-day order backlog for No. 6 and customer commitments to buy paper every 30 days or so for the rest of the year. The No. 5 machine runs three days a week, officials have said. The Millinocket mill, which has been shut down since September 2008, remains shuttered and company officials are not optimistic about its restart possibilities.
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10.16.2012
Sonoco, one of the largest diversified global packaging companies, announced today that its CorrFlex point-of-purchase (POP) display and packaging services business will now operate under a new brand, Sonoco Display and Packaging.
Sonoco acquired CorrFlex in 2004. The business designs, manufactures, assembles, packs and distributes temporary, semi-permanent and permanent POP displays. It also provides contract packaging, co-packing and fulfillment and supply chain services for major consumer product companies around the world.
"When we purchased CorrFlex, it made sense at the time to maintain the CorrFlex name because of its brand recognition in the marketplace. But our brand today has become more aligned with Sonoco, and it only makes sense that we make this transition," said Jeff Tomaszewski, general manager, Sonoco Display and Packaging.
"Clearly, the new name and brand more accurately describe what we do – display and packaging. But it also allows us to better leverage the Sonoco name – its long history, financial strength and reputation as a low-cost global leader in customer-preferred packaging."
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10.16.2012
Grainger today reported results for the 2012 third quarter ended September 30, 2012. Sales for the 2012 third quarter of $2.3 billion increased 8 percent versus $2.1 billion in the 2011 third quarter. There were 63 selling days in the quarter, one less than in 2011. Sales on a daily basis increased 10 percent versus the 2011 third quarter.
During the third quarter, the Company recorded a $70 million pre-tax reserve for a settlement in principle to resolve pricing disclosure issues relating to government contracts with General Services Administration (GSA) and United States Postal Service (USPS). The proposed settlement, which covers 12 years of sales to the GSA and 10 years of sales to the USPS, remains subject to the approval of the U.S. Department of Justice (DOJ). In addition, the company has established a $6 million pre-tax reserve for resolving tax, freight and miscellaneous billing issues with these government customers.
Excluding the reserve, net earnings increased 11 percent and earnings per share of $2.81 increased 12 percent. Including the reserve, reported net earnings for the third quarter decreased 15 percent to $155 million versus $182 million in 2011 and earnings per share of $2.15 decreased 14% versus $2.51 in 2011.
Sales in the 2012 third quarter increased 8 percent, 10 percent on a daily basis, with 11 percent daily sales growth in July, 10 percent in August and 9 percent in September. The 10 percent increase in daily sales in the quarter included 3 percentage points from acquisitions and a 1 percentage point decline attributable to unfavorable foreign exchange. Daily organic sales for the quarter increased 8 percent including 4 percentage points from volume and 4 percentage points from price. Daily organic sales growth by month was as follows: 8 percent in July, 7 percent in August, and 8 percent in September.
Company operating earnings of $254 million for the 2012 third quarter decreased 16 percent. Excluding the reserve, operating earnings increased 9 percent to $330 million. This earnings growth was driven by higher sales and improved gross profit margins. The increase in the company's gross profit margin and expenses were driven by a number of factors that are examined at the segment level that follows.
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10.15.2012
N-Photo was awarded the prestigious Consumer Magazine of the Year title at the Pixel Trade Awards on Friday 12th October.
Editor Chris George collected the award in front of an audience of luminaries from the imaging industry. It is the first time any Future photography title has won the award, and completes a remarkable first year for the title which launched in November 2011. N-Photo bagged the top award ahead of sister title, Future’s Digital Camera, and IPC’s Amateur Photographer.
It brings N-Photo’s awards tally to three this year: in April 2012 it won two British Media Awards for ‘Social Media and Marketing Innovation’ and ‘Consumer Magazine Innovator of the Year’, beating shortlisted rivals including Cosmopolitan, The Economist, Good Food, and The Huffington Post.
Its Pre-launch Email Campaign has also been shortlisted in November’s PPA Customer Direct 2012 Awards.
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10.15.2012
As part of its harmonious multichannel customer experience, Musician's Friend recently debuted a digital, interactive catalog. The musical instrument Internet retailer aims to use the catalog to propel e-commerce and build customer engagement.
“This is an interactive, commerce-enabled portable catalog. Within it, it's connected to our commerce platform so you have a shopping experience available to you within the catalog itself,” says Musician's Friend's director of brand experience Ryan Villiers.
According to Villiers, the built-in commerce component separates the publication from other digital catalogs.
“Any other form of a digital catalog that you might have seen actually takes you out of the experience if you want to purchase a product. The interesting thing about this experience is that it keeps you in the catalog while you're going through the shopping experience,” Villiers says. “As you shop within the catalog, it collects that data, makes a call to our shopping cart, adds the item to the shopping cart, and then allows the user to continue to shop within the catalog or to pass through to our payment processing system to finalize the purchase.”
By teaming up with Zmags' Verge platform for the interactive catalog, Musician's Friend is providing its musician customers with the personal, hands-on experience of shopping for a guitar through the inclusion of 360-degree photos, video, static imagery, audio samples, and swiping action,Villiers says.
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10.15.2012
Buckeye Technologies Inc. announced the release today of its 2012 Sustainability Report. This report (which summarizes calendar year 2011 results) highlights Buckeye’s continuing efforts to reduce fossil fuel usage, water usage, solid waste production, and air emissions. Buckeye has reduced greenhouse gas emissions which are generated by fossil fuels and purchased electricity by over 10% per ton since 2007, and now generates 77% of its total energy needs from renewable biomass. In addition, significant reductions of water used daily were achieved (down 6% since 2007) while reducing wastes by 30% since 2007. The report also shares information about Buckeye’s social impacts, including employees’ impressive response to a renewed corporate-wide commitment to safety, reducing the Total Incidence Rate from 3.5 to 2.0 during the reporting period.
Buckeye announced separately in May 2012 that our Foley plant located near Perry, FL, achieved certifications from three internationally recognized organizations that promote responsibly managed forests: the Forest Stewardship Council™ (FSC), the Sustainable Forestry Initiative® (SFI), and the Programme for the Endorsement of Forest Certification (PEFC™). These certifications followed a rigorous year-long process of developing documents, manuals and procedures to guide fiber procurement and track fiber chain of custody. The purpose of these certifications is to ensure that companies which use forest resources meet society’s needs without compromising the ability of future generations to meet their own needs. Buckeye is committed to monitoring and reviewing its sustainable forestry programs and to continually improving and broadening the practice of sustainable forestry. Certification to these standards further demonstrates Buckeye’s commitment to meeting customer demand for products that are derived from forest fiber that is legally harvested and well-managed.
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10.15.2012
Oil traded close to a four-day low in New York amid concern that the global economy is weakening, threatening to curb demand for fuels.
Futures slid as much as 1.1 percent. Bank of Israel Governor Stanley Fischer said the world is “awfully close” to a recession, adding to concern raised at annual meetings of the International Monetary Fund last week. Hedge funds and other speculators trimmed bets that oil will rise, data from regulators showed on Oct. 12. Iran reiterated an offer to suspend domestic production of medium-enriched uranium before European officials meet to discuss tighter sanctions on the Persian Gulf country.
“The crude market is currently well supplied and prices will remain volatile before refinery demand picks up throughout the fourth quarter,” said Guy Wolf, a strategist at London- based commodities broker Marex Spectron Group Ltd., who predicts Brent crude will recover toward $125 a barrel by year-end.
Crude for November delivery fell as much as $1.04 to $90.82 a barrel in electronic trading on the New York Mercantile Exchange, its weakest level since Oct. 9, and was at $91.61 at 11:03 a.m. London time.
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10.15.2012
Factoring in the absence of political and Olympic advertising, Magna Global downgraded its U.S. ad spending forecast to $154.4 billion next year, up 0.8% over this year. In its July forecast, Magna had projected growth of 0.9% next year.
This year, political and Olympic advertising will help boost U.S. ad spending growth 4.6% over last year, Magna said in the report.
The ad category experiencing the most growth this year will be digital media (up 12.8%), followed by television (9.0%) and out-of-home advertising (4.2%).
Print advertising has continued to suffer this year. Magna projected ad spending in newspapers will be down 8.6%, while magazines will be down 7.5%.
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10.15.2012
Amcor announces today, the sale of three flexible packaging plants in Australasia. These sites were acquired as part of the Aperio acquisition and focused on non-core industrial and agricultural markets.
The purchaser is Integrated Packaging, a privately-owned Australian business, and the transaction is subject to ACCC approval. The sale consideration is $22 million and was based on the same EBITDA multiple as Amcor paid for Aperio.
Synergies from the Aperio acquisition are not impacted by the sale and remain at $25 million by year three.
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10.15.2012
Disney has announced it will be eliminating paper connected to the destruction of endangered forests and animals from its operations and licensees, while maximizing recycled content and fiber sourced from Forest Stewardship Council-certified forestry operations. The company’s new policy calls for the elimination of paper products from illegally harvested woods; from High Conservation Value Areas (such as endangered forests and areas of old growth) being degraded by poor land use practices; from areas where paper fiber is harvested in violation of internationally accepted instruments protecting the rights of indigenous or forest-dependent peoples; from areas that have been converted from natural forests to plantations and other land uses after November 1994; and from plantations using genetically-modified trees.
The commitment also means Disney will not be sourcing from controversial paper giants Asia Pulp and Paper and Asia Pacific Resources International Holdings. APP is reportedly the third largest paper company in the world.
Disney also says it will work to reduce paper consumption, and increase the recovery of paper and packaging for recycling.
Disney is the world’s biggest publisher of children’s books and magazines. The new paper policy will be applied to the company’s entire global operations and those of its supply chain. The commitment includes Disney’s media networks, theme parks, resorts, cruise ships, and all its product packaging, copy paper and book publishing, as well as the 3,700 licensees that use Disney characters. It will also influence the operations of 25,000 factories in more than 100 countries that produce Disney products, including 10,000 in China.
The company says its policy is the culmination of two years of conversations between executives and the Rainforest Action Network. Disney says it will continue to work with non-governmental organizations to identify and prioritize regions with poor forest management and high rates of deforestation.
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10.12.2012
Beginning early next year, the Postal Service will introduce a First-Class Mail Global Forever Stamp. The new stamp will allow customers to mail letters anywhere in the world for one set price of $1.10, and is among new mailing and shipping services filed with the Postal Regulatory Commission today.
The price for First-Class Mail single-piece letters will increase by just a penny when prices change in Jan. The new 46 cent Forever stamps will allow customers to mail letters to any location in the United States. Forever stamps are always good for mailing a one-ounce letter anytime in the future regardless of price changes.
Highlights of the new single-piece First-Class Mail pricing, effective Jan. 27, 2013 include:
•Letters (1oz.) — 1-cent increase to 46 cents
•Letters additional ounces — unchanged at 20 cents
•Letters to all international destinations (1oz.) — $1.10
•Postcards — 1-cent increase to 33 cents
The Postal Regulatory Commission (PRC) will review the prices before they become effective Jan. 27, 2013. Today’s Shipping and Mailing price filings will be available on the PRC website at www.prc.gov and the new Mailing Service prices will also be available at http://pe.usps.com.
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10.12.2012
The production of notebooks induces significant environmental impacts. However, these impacts are seldom considered by consumers in their purchasing decisions. Against this background, the Federal Agency of Environment in Germany commissioned the Öko-Institut e.V. and the Fraunhofer IZM with a study to address following questions:
1.What is the share of different life cycle phases in the total greenhouse gas emissions of a notebook.
2.When are the environmental impacts, which are associated with the production, distribution and disposal of a new notebook, compensated as a result of energy efficiency gains in the use-phase of the new notebook.
3.Which energy efficiency gains should be possessed by a new notebook, if the replacement of the older and less energy efficient notebook can be justified under the consideration of environmental concerns.
The results show that production phase, with about 56% (214 kg CO2e in 5 years) of the total greenhouse gas emissions of a notebook, casts a significantly higher impact than the use phase. Moreover, the environmental impacts of the production phase of a notebook are so high, that they cannot be compensated in realistic time-periods by energy efficiency gains in the use phase.
In the case of a 10% increase in the energy efficiency of a new notebook as compared to the older one, replacement of the older notebook can only be justified after 33 to 89 years, if environmental concerns are considered.
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10.12.2012
Nippon Paper Industries Co., Ltd. (President: Yoshio Haga) is pleased to announce the completion of construction of diverting the existing continuous digester for producing dissolving pulp at Kushiro Mill (Kushiro, Hokkaido), with a ceremony held to celebrate the completion of construction on October 11.
Construction had been proceeding since spring this year as the Company sought to expand its dissolving pulp business on the back of rising demand for dissolving pulp in recent years. The amount invested is about 2.2 billion yen. The production of dissolving pulp using an existing continuous kraft pulp digester is the first of its kind in Japan. It has been decided that the company will receive a subsidy for the development of equipment for the verification and evaluation of advanced technologies, a project organized by the Ministry of Economy, Trade and Industry to support innovation hubs.
Going forward, verification and assessments will be conducted and the production scale will expand to 30,000 tons a year.
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10.12.2012
No recession here. Well, at least not for Google...or Facebook. According to the latest report from the Interactive Advertising Bureau and PwC Us, Internet ad revenues hit a record $17 billion in the first half of 2012, a gain of 14% over the same period in 2011. Despite economic sluggishness that many businesses and media companies hoped were gone, there seemed to be no sign of a slow-down as the year progressed. The quarterly online spend was also up 14% over the same second quarter of last year, $8.7 billion vs. $7.7 billion.
Leading the way in terms of growth, mobile advertising topped $1.2 billion for the first half, up 95% from the $636 million same period last year.
Also proving a continued center of growth, digital video was up 18% to $1 billion.
But Google's core business proved to be the main driver. Search marketing showed no signs of giving up share to other media, since its spend was also up 19% to $8.1 billion in the first half.
There is one cautionary note to magazine brand publishers, however. Display advertising continued to show relatively sluggish growth overall, up only 4% from the same half year in 2011 to $5.6 billion. Display was responsible for 33% of overall ad revenues online in the first half of the year. "Ramifications of this data are significant, especially for players who are dependent upon display-based advertising," he writes in a research brief. "The industry is not growing, as most types of advertisers generally choose to buy audiences rather than the context in which those audiences appear.
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10.12.2012
With the American Magazine Conference coming up next week, the MPA (the Association of Magazine Media) has unleashed research showing that magazines are gaining traction and building audiences via digital platforms, including smartphones.
In one new study, “Magazine Media Readers and Their Smart Phones,” GfK MRI examined the media consumption habits of adults 18-34 with a focus on their ubiquitous handheld devices, especially Apple iPhones and Android devices, as well as attitudes toward content sharing, advertising, QR codes and e-commerce.
Among the study’s main findings: among adults ages 18-34 who read magazines and own a smartphone, 83% have accessed or downloaded a magazine branded app via a digital newsstand, downloading an average of 2.6 magazine apps, while more 35% use a newsreader to view magazine digital content. Eighty-six percent have accessed digital magazine content on their smartphone from home, while 43% read the content at work, and 31% during their commute.
In terms of content categories, the most popular magazine apps for smartphones are food, news and sports magazine apps, followed by celebrity/entertainment and science/technology. Seventy-seven percent say that pictures and photo galleries enhance the smartphone magazine reading experience.
On the advertising front, 66% read or tap on advertisements appearing in digital magazines on their smartphones, and 65% have snapped QR codes, Microsoft Tags or other links in response to ads. Moving to e-commerce, three out of 10 respondents said they would like to be able to buy products and services directly from articles and features in magazine content on smartphones.
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10.12.2012
In a blow to the Authors Guild, a federal judge dismissed the group's copyright infringement lawsuit against five universities that worked with Google to digitize millions of books. U.S. District Court Judge Howard Baer in New York ruled Tuesday that the universities' "mass digitization project" is protected by fair use principles. The project involves creating digital copies of books, making them searchable, and allowing blind people to access the books via software that converts text to speech or conveys it tactilely.
"I cannot imagine a definition of fair use that would not encompass the transformative uses made by defendants’ [mass digitization project] and would require that I terminate this invaluable contribution to the progress of science and
cultivation of the arts," Baer wrote in a sweeping 23-page opinion.
The litigation against the universities dates to September of 2011, when the Authors Guild brought a copyright infringement lawsuit against the HathiTrust -- a joint digital book-storage project of the University of Michigan, University of California, University of Wisconsin, Indiana University and Cornell University.
The National Federation of the Blind intervened in the lawsuit in favor of the universities. The organization argued that the HathiTrust's digital library was "revolutionary" for blind people. "Without the [HathiTrust], the blind are relegated to second-class academic citizenship -- one without the privilege of access to the print collections of university libraries. With the [HathiTrust], the blind have the same comprehensive access to the print collections of university libraries as the sighted," the group argued.
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10.12.2012
Web sales increased 5.4% year over year in September, just under the 5.9% pace of August, among small and midsized retailers indexed by Dydacomp, a provider of order management software. Books led the way growing 19%, while sporting goods slowed to less than half its August growth rate of 32% with a September sales increase of 15%.
“Sporting goods continued strong, but slowed down from its strong summer season growth,” says Fred Lizza, CEO of Dydacomp. Ten of the 15 retailer categories indexed by Dydacomp showed declines in September. Among the categories showing the sharpest declines were jewelry, down 45%; music/video/DVD, down 18%; home furnishings, down 16%; and consumer electronics, down 13%.
The Dydacomp SMB Index, prepared for Internet Retailer, is based on data compiled from more than 1.5 million orders per month at more than 1,500 e-commerce operators—accounting for about $200 million in combined monthly retail sales. The retailers are users of Dydacomp’s order management software.
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10.12.2012
AAA’s Fuel Gage Report as of 10/12/12
National Unleaded Regular:
Current Average - $3.810/gallon
Month Ago Average - $3.858/gallon
Year Ago Average - $3.405/gallon
Highest Recorded Average - $4.114/gallon on 7/17/08
Diesel:
Current Average - $4.127/gallon
Month Ago Average - $4.119/gallon
Year Ago Average - $3.795/gallon
Highest Recorded Average - $4.845/gallon on 7/17/08
Current Exchange Rates as of 10/12/12
American Dollar to Canadian Dollar = 1.023339
American Dollar to Chinese Yuan = 0.159568
American Dollar to Euro = 1.297024
American Dollar to Japanese Yen = 0.012746
American Dollar to Mexican Peso = 0.077770
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10.12.2012
Oil headed for its first weekly gain in a month in New York after claims for U.S. jobless benefits dropped to the lowest level in four years and increasing Middle East tensions prompted concern crude supplies may be disrupted.
Futures were little changed after rising 0.9 percent yesterday. First-time unemployment claims fell to 339,000 last week, the lowest since February 2008, according to Labor Department data. Brent oil traded near the highest premium in a year to West Texas Intermediate grade after Turkey said a Syrian plane that it grounded contained munitions, while Italian Foreign Minister Giulio Terzi said Europe is prepared to tighten sanctions on Iran.
“The potential for a blow-up in the Middle East is being reflected in that persistently wide spread between Brent and WTI,” said Michael McCarthy, a chief market strategist at CMC Markets in Sydney. “Jobless claims were better-than-expected.”
Crude for November delivery was at $92.19 a barrel in electronic trading on the New York Mercantile Exchange, up 12 cents, at 3:20 p.m. Singapore time. The contract yesterday climbed 82 cents to $92.07.
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10.12.2012
Sonoco, one of the largest diversified global packaging companies, today announced that Marty F. Pignone has been named vice president, Paper North America, effective December 1, 2012. Pignone will replace John M. Grups, 61, division vice president and general manager, who will be retiring from Sonoco following a 36-year career.
In this position, Pignone, 55, will have responsibility for Sonoco's 12 uncoated recycled paperboard mills in the United States, Canada and Mexico and related support functions. He reports to John Colyer, vice president, Paper and Industrial Converted Products.
"Following John's decision to retire after nearly four decades with Sonoco, it was important that we installed a seasoned paper manufacturing veteran to head this manufacturing-intensive operation," said Colyer. "Marty previously led our North American paper mills for eight years and implemented several key safety and operating excellence initiatives that improved performance during his tenure. In this new role, we're asking him to improve operating performance and safety near-term, while further developing our paper manufacturing management team."
Pignone joined the Company in 1997 and was elevated to division vice president and general manager of Paper, North America in 2000. He became vice president, Global Manufacturing in 2009 and later vice president, Operating Excellence, where he has led the Company's global manufacturing improvement initiatives as well as supply management and product quality improvement. Pignone graduated in 1978 from the University of Massachusetts, Amherst, with a Bachelor of Science in mechanical engineering and received a Master of Science in business administration from Stanford University in 1991. Prior to joining Sonoco he worked for General Electric and Kodak.
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10.11.2012
Wal-Mart Stores, Inc. today outlined its financial priorities for next fiscal year ending Jan. 31, 2014 at its annual conference for the investment community and reinforced its focus on growth, leverage and returns. The company’s plans include a reduction in capital expenditures that will drive comp and new store growth, operating leverage and productivity initiatives and expansion in global e-commerce, including acquisitions.
“Our momentum in delivering strong results continues, and we are investing for the future by creating an even stronger business,” said Wal-Mart Stores, Inc. President and CEO Mike Duke. “Strong business fundamentals are driving our top line and bottom line results. We are delivering on the productivity loop and being even more disciplined about our operating expenses and capital spending. We have a deliberate approach to how we will grow, how we will deliver further operating leverage and continue to deliver strong returns to our shareholders.
“We will continue to expand our physical presence through a variety of formats across our markets, while also investing in initiatives to enhance our operational excellence and further new e-commerce opportunities,” Duke added.
The company reaffirmed its most recent capital expenditure forecast of $12.6 billion to $13.5 billion for the current fiscal year. The fiscal 2014 capital plan will range from $12.0 to $13.0 billion. The capital expenditure budget covers growth for comp and new stores, logistics and supply chain expansion, investments to drive productivity and reduce expenses, and global e-commerce expansion.
Walmart also confirmed that it remains on track to meet its commitment of reducing operating expenses as a percentage of sales by 100 basis points over five years, beginning with the current fiscal year. Savings continue to be realized through lower expenses and productivity initiatives, and the savings are reinvested in lower prices and improved international profitability.
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10.11.2012
Sustainability is at the heart of everything Sappi Fine Paper Europe does. Throughout the entire paper chain, Sappi continually invests in its surrounding environment, the communities that the company works in, and the people and partners that they do business with. What they really care about is building a prosperous future for everyone involved. Their new website,
www.sappipositivity.com is focused on sharing their experience and know-how in this realm, making sustainability an everyday reality for all, and inspiring others to join and build momentum.
Building on Sappi’s very successful Positivity Campaign, the website brings new and relevant information to stakeholders in an accessible and interactive format, responding to their ever-increasing information needs. In a nutshell, visitors to the website will be able to discover positive paper stories, Sappi’s green paper trail, as well as facts and figures and useful downloadable content. Sappi Fine Paper Europe’s recently published first regional Sustainability Report (2011), is one of the many sources of information for the website.
Jens Kriete, Environmental Manager at Sappi Fine Paper Europe said, “Informing and inspiring is part of Sappi’s essence. As a result of our experience with sustainability in the paper sector, we’re able to respond to the increasing information needs of our customers, while at the same time, inviting them to discover even more about who we are and what we do. Our new website is an exciting platform allowing us to connect with our stakeholders, something which is very important to Sappi.”
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10.11.2012
Nekoosa Coated Products announced that it has created the world's first antimicrobial carbonless paper by adding Biomaster® silver ion technology, a non-toxic, naturally occurring antimicrobial technology to protect against the spreading of bacteria. Biomaster is manufactured by BiomasterUSA, LLC.
According to Nekoosa, Biomaster silver ion technology will not affect the paper's properties such as dry toner/laser compatibility or carbonless image permanence, and does not cause product degradation, discoloration or deterioration.
Nekoosa's carbonless and bond papers protected with Biomaster silver ion technology are suitable for any high traffic environment such as hospitals, classrooms, exam rooms, offices, clinics and daycares, the company said.
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10.11.2012
Fully loaded in-store mobile POS technology might be the wave of the future, but for Urban Outfitters, the future is now. The traditional cash register is a thing of the past.
Urban Outfitters chief information officer Calvin Hollinger told analysts last week that the company is using a combination of iPod Touch and iPad devices equipped to handle not only point-of-sale transactions, but also returns and restocking. Urban Outfitters began deploying handheld devices running on a mobile POS solution two years ago.
"Two or three weeks ago, we placed our very last register order," Hollinger said during the analysts' presentation. "Once we successfully make sure this iPad [POS] works in all the stores, all stores will be designed and equipped with iPod Touches and iPads."
Besides freeing up space in retail stores, mobile POS also provides a financial break: The iPod Touch device -- "fully loaded, fully installed" -- is about $500 and a register is about $5,000, Hollinger said. The iPad tablet device, which can be mounted on a swivel arm at a cash wrap station, is $1,000 fully installed.
Hollinger is excited about the mobile devices' out-of-stock application, which takes advantage of the company's ability to access inventory from anywhere in its system.
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10.11.2012
For years, the United States has looked to Asia-Pacific markets as the model for mobile innovation.
According to eMarketer, however, stateside spending on mobile Internet advertising will top all other countries in the world for the first time this year.
Until this year, Japan was the world’s largest market for mobile advertising, with spending reaching $1.36 billion in 2011 -- up from $1.01 billion in 2010. Mobile advertising is more mature in Japan, however, which means growth is far lower than in North American markets.
As such, eMarketer estimates that spending on mobile Internet ads in Japan will grow 27% to $1.7 billion in 2012 versus 35% growth in 2011.
Mobile Internet advertising spending in the U.S. is expected to grow nearly 97% to $2.3 billion in 2012 -- up from $1.16 billion last year.
Worldwide, mobile ad spending should hit $6.4 billion this year, according to eMarketer.
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10.11.2012
FiberMark, a manufacturer of specialty cellulose and synthetic fiber-based printing media, announces an exclusive manufacturer's representative agreement with PrintLAT to increase sales and support to Latin America.
"We are excited to have PrintLAT onboard to expand growth and provide exceptional support to Latin America for FiberMark wide-format inkjet products," said Dr. Robert Conforti, Sr. Vice-President of Business Development, for FiberMark.
"FiberMark brings new and exciting products to the PrintLAT portfolio, offering increased value to our distributors," Said David Pachon, President of PrintLAT.
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