Blog Keyword - Midland PaperClips - fine paper, packaging and supply systems distributor

11.01.2011

Sonoco Recycling Acquires American Recycling of South Carolina, LLC

Sonoco Recycling, Inc., a wholly owned subsidiary of Sonoco and one of the largest packaging recyclers in North America, announced today that it has completed the acquisition of American Recycling of South Carolina's Greenville location, a large material recovery facility (MRF). The new facility is expected to significantly increase Sonoco Recycling's ability to meet rising demand in the Upstate.

"With this acquisition, Sonoco Recycling has significantly expanded its single-stream recycling capabilities in the Upstate," said Jim Brown, vice president, Sonoco Recycling. "The Greenville MRF will help accelerate Sonoco Recycling's current goal of doubling the volume of tons collected by 2014."

The acquisition of the Greenville facility as Sonoco Recycling's fifth MRF will expand Sonoco's operations in one of the largest metro cities in South Carolina, securing its position as South Carolina's recycling industry leader. The Company already has operations in Charleston, Columbia and Spartanburg.

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11.01.2011

RR Donnelley Awarded New Multi-Year Multi-Million Dollar Agreement by Highlights For Children, Inc.

R. R. Donnelley & Sons Company today announced that it has been awarded a new multi-year multi-million dollar agreement by Highlights For Children, Inc. Under the terms of the agreement the company will produce Highlights magazine, described as the most recognizable and widely-read children's magazine in the nation, and High Five, a version for younger children. RR Donnelley will also draw upon its leading logistics resources to provide co-mail services.

"We are very pleased to enter into this new collaborative relationship with RR Donnelley," said Kent S. Johnson, Highlights For Children's Chief Executive Officer. "Since Highlights' unique vision was brought to life 65 years ago we have continued to incorporate innovations as we bring Fun With A Purpose to children and their parents. We look forward to working with RR Donnelley and to taking advantage of the broad range of innovations that they offer."

"We are honored to begin producing these flagship publications and are delighted to be expanding our relationship with Highlights For Children," said John Paloian, RR Donnelley's Chief Operating Officer. "Many of our employees know from personal experience the role that engaging graphics play in drawing children's enthusiastic interest. We believe that our platform is an ideal match for Highlights' special vision."

RR Donnelley also produces books and related materials for Highlights For Children, Inc.

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11.01.2011

Crude Falls a Third Day on China Manufacturing Slowdown, European Debt

Oil dropped for a third day in New York on speculation commodity demand will falter as Chinese manufacturing slows and European leaders struggle to contain the region’s debt crisis.

Futures slid as much as 2.9 percent, after posting their biggest gain last month since May 2009, amid signs of higher production from OPEC members as Libya bolstered exports. China’s Purchasing Managers’ Index fell for the first time in three months in October, a report showed. Greek Prime Minister George Papandreou said he will submit the European Union’s new financing deal for a national referendum.

“The list of things weighing on the market is long,” said Olivier Jakob, managing director at Petromatrix GmbH in Zug, Switzerland, who correctly predicted that this year’s oil rally would stall. “There’s the Chinese PMI, the Greek referendum taking EU leaders by surprise, the euro-dollar collapsing.”

Oil for December delivery declined as much as $2.68 to $90.51 a barrel in electronic trading on the New York Mercantile Exchange and was at $90.62 at 10:55 a.m. London time. Futures fell 0.1 percent yesterday and climbed 18 percent in October.

Brent oil for December settlement dropped 1.7 percent to $107.67 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract’s premium to U.S. futures was at $17.05 a barrel, compared with a gap of $16.37 at yesterday’s close, the lowest in more than four months.

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11.01.2011

Hearst Magazines International Launches Harper's Bazaar in Brazil Starting With The November Issue

Harper’s Bazaar launches an edition of its iconic fashion magazine in Brazil, today announced Duncan Edwards, president & CEO of Hearst Magazines International (HMI). Published in partnership with Carta Editorial, Harper’s Bazaar Brazil premieres with the November issue, featuring supermodel Gisele Bündchen on the cover, on newsstands November 3.

For nearly 150 years, Harper's Bazaar has been the style resource for women who are the first to buy the best, from casual to couture. With authority, insight and imagination, Harper's Bazaar showcases the work of world-class designers and photographers and the most talked about pop culture, political and celebrity icons of the day. The magazine is published in 16 languages and distributed in 43 countries.

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11.01.2011

Ilim Group's output in the Northwest of Russia reaches 800,000 tons

During the first three quarters of 2011 the companies of Ilim Group in the Northwest of Russia (Koryazhma Branch in the Arkhangelsk Oblast, and Ilim Gofra corrugated box plant in the Leningrad Oblast) manufactured 800,000 tons of pulp and paper products, which is 6% over the same period of 2010.

This includes 266,000 tons of market pulp, which is an 8% percent increase over the first three quarters of 2010.

Market containerboard production has gained 2%, reaching 364,000 tons.

Paper output has reached 170,000 tons. This is 14% above the first nine months of 2010. This includes 61,000 tons of sack paper, 75,000 tons of offset paper and 34,000 tons of paper for wallpaper manufacturing purposes.

OAO Ilim Gofra has manufactured 90,163,000 m2 of products (corrugated board and boxes), increasing the output by 25%.

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11.01.2011

Mondi Group: Interim Management Statement 31 October 2011

The Group’s underlying operating profit in the third quarter 2011 of €136 million (year to date €490 million) was well above that of the comparable prior year period but below that achieved in the previous quarter (€175 million). This performance reflects the impact of the planned third quarter maintenance shuts, estimated to have negatively affected underlying operating profit by approximately €20 million, and a generally softer trading environment, including the impact of destocking, compared to a very strong first half of 2011.

During the quarter, the uncertainties inherent in the macroeconomic environment resulted in some weakening in demand and moderately lower sales prices. This was partly offset by stable or reducing input costs. Average benchmark recovered fibre prices were down by 4% in the quarter, whilst wood costs remained largely unchanged over the same period.

Most emerging market currencies to which the Group is exposed as a net exporter were slightly weaker against the euro when compared to the second quarter, providing a small positive contribution to the Group’s performance. Similarly, the recent strengthening of the US dollar versus the euro is offering some support to European pricing.

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11.01.2011

Style.com Goes Retro, Launches Print Magazine

The inaugural print issue of Style.com made its debut Monday, in an unusual move for a web magazine.

The issue, a recap of the spring 2012 runway collections, is an interesting adaptation of the web to print form. Large-format layouts, which are adorned with graphic elements from ’80s-era operating systems, look as if they were formatted in HTML/CSS rather than InDesign. Tweets are printed alongside full-page ads from major fashion advertisers like Versace and Valentino. The collections are ranked not by editorial preference but by page view numbers.

We’re still not sure about the closeup cover image of 17-year-old model Lindsey Wixson, which may have been designed to look pixelated but instead looks like a low-resolution test copy. The issue is pretty decent otherwise.

A print launch is unusual move for any publisher, online or traditional. True, Style.com is run by a division of Conde Nast, a company with robust printing operations already in place. But most companies (Conde Nast included) have focused primarily on digital launches as of late. Even new titles are being released first as digital-only editions.

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11.01.2011

Sappi Fine Paper North America Receives Recognition for Industry Leadership in Environmental Strategy and Promotional Campaigns

Sappi Fine Paper North America has been nominated for four awards in the third annual 2011 Pulp & Paper International (PPI) Awards. The PPI Awards are the only global awards dedicated to recognizing these achievements in various sectors.

Sappi Fine Paper North America has been declared a finalist for four awards spanning three different categories. The award nominations are a testament to Sappi's continued investment in both its assets and in creating value added resources for its customers:

Mill Award: Environmental Strategy of the Year Award - The Somerset Mill in Skowhegan, Maine, was recently certified by the Center for Resource Solutions' Green-e® Energy Marketplace program, as a result of a $49M capital investment in renewable energy generation that consisted of upgrades to the recovery cycle equipment and the implementation of other related projects at the Somerset pulp mill. Under the Green-e certification, 100 percent of the electricity used to manufacture Opus web paper at the Somerset Mill is Green-e certified renewable energy.

Environmental Message, Promotional Campaign of the Year: eQ Sustainability Program - eQ is Sappi's industry-leading branded communication platform on sustainability and includes the eQ Microsite, which is designed to elevate readers' environmental knowledge with blog posts, videos and insights into the industry.

Pulp, Paper & Board Product, Promotional Campaign of the Year: Digital Design Center - The Digital Design Center is an innovative web application that allows printers to create custom marketing tools to promote their own digital printing capabilities and Sappi Fine Paper North America's portfolio of digital papers.

Pulp, Paper & Board Product, Promotional Campaign of the Year: Flo Channel/Off Register - The FloChannel/Off Register is an online comedy video series developed to demonstrate how print and alternate media can work together to deliver exciting results in a multimedia campaign. The series features actors from Second City improvisational group and the printed component demonstrates the high quality of Sappi's paper - Flo, as well as innovative printing techniques.

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11.01.2011

Raw Material Volatility Will Lead to Price Increases on all Sun Chemical Packaging Inks Globally

Due to continued increases in the costs of raw materials and volatility in the supply chain, Sun Chemical will raise prices globally on all packaging inks for all printing methods and chemistries on December 1.

The price increases will vary as different products that Sun Chemical offers have a different chemical composition, but the average cost increase will be approximately 6 percent for most products.

White inks, nitrocellulose varnish, and other products containing the phthalocyanine green (PG7) pigment will each see significantly higher price increases. Specific price increases by region will be announced in the following days.

“Raw materials cost and supply instability continue to significantly impact the ink industry,” said Felipe Mellado, Chief Marketing Officer, Sun Chemical. “In fact, raw materials in 2011 experienced both a record level of volatility as well as unprecedented price increases. Titanium Dioxide, for example, experienced steep price increases reaching a level more than 50 percent higher than in early 2010.”

In addition to steep price increases for TiO2, there were very significant increases in nitrocellulose, energy cure resins, acrylics and other packaging resins, styrene, classical pigments, carbon black, vegetable oils, solvents, and additives.

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11.01.2011

Martha Stewart Living Omnimedia Reports Third Quarter 2011 Results

Martha Stewart Living Omnimedia, Inc. today announced its results for the third quarter ended September 30, 2011. The Company reported revenue for the third quarter of $52.2 million.

Revenues were $52.2 million in the third quarter of 2011, compared to $49.7 million in the third quarter of 2010, as higher merchandising revenue was mostly offset by modest declines in publishing revenue.

Adjusted EBITDA for the third quarter of 2011 was a loss of $(2.3) million, compared to a loss of $(5.6) million in the prior year period.

Operating loss for the third quarter of 2011 amounted to $(9.3) million, which included a $(3.8) million restructuring charge in the quarter related to changes in executive management and professional fees. Operating loss for the third quarter of 2010 was $(7.9) million. Absent the restructuring charge, operating loss improved year-over-year helped by higher merchandising profits and a reduced operating loss in broadcasting.

Net loss per share was $(0.18) for the third quarter of 2011, compared to a net loss per share of $(0.16) for the third quarter of 2010.

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11.01.2011

KapStone Completes Acquisition of U.S. Corrugated

KapStone Paper and Packaging Corporation today announced that it has completed the acquisition of U.S. Corrugated, Inc.. Under the terms of the sale, KapStone acquired USC, including a 240,000 ton recycled containerboard paper mill in Cowpens, SC and 14 converting facilities in the eastern and mid-western United States. USC has been successful in creating strong, long-term customer relationships resulting from outstanding service, quality and innovation.

"Today we are welcoming USC's team as the newest members of KapStone," stated Roger W. Stone, Chairman and Chief Executive Officer. "We look forward to building on their momentum. The acquisition of USC now transforms KapStone into a much more profitable and stronger company."

Funding for the acquisition came from cash on hand and borrowing under a new $525 million senior secured credit facility led by Bank of America Merrill Lynch and Barclays Capital. The new facility consists of a $375 million term loan maturing over five years and a $150 million revolving credit facility. At closing, KapStone's previously existing $101 million term loan was repaid. KapStone now has a $375 million 5 year term loan at an initial interest rate of 2.25%. The revolver was unused and is available for working capital requirements.

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11.01.2011

Meredith Completes Acquisition of Every Day with Rachael Ray From Reader's Digest Association

Meredith Corporation and Reader's Digest Association announced today they have completed the agreement for Meredith to acquire Every Day with Rachael Ray magazine and its related digital assets. In addition, Meredith announced it has finalized a 10-year licensing agreement with Watch Entertainment Inc. for the award-winning brand.

The acquisition includes the popular magazine that's published 10 times annually with a 7.4 million audience and 1.7 million ratebase. The first issue of Every Day with Rachael Ray published under the Meredith banner will be February 2012, available on newsstands in early January.

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11.01.2011

Shrinking Without Wrinkling -- New Avery Dennison Label Material Enables Late-Stage Decorating of Vacuum-Shrink Bags

A new brand-enhancing pressure-sensitive labeling solution for meat and dairy packaging applications is being introduced by Avery Dennison Label and Packaging Materials (LPM) at Labelexpo 2011. The patent-pending product, called Avery Dennison Shrink PS, is engineered to survive the vacuum-shrink process without wrinkling, providing both shelf appeal and production-related benefits.

Avery Dennison Shrink PS labels are applied to shrinkable bags off-line or in-line prior to filling and vacuum sealing. Compared with preprinted shrink-bag labeling, the Shrink PS solution offers enhanced labeling flexibility and the opportunity to differentiate products at a later stage in the packaging process. As a result, food processors can reduce or eliminate multiple sets of preprinted shrink bags in inventory, cutting overall costs and increase flexibility.

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11.01.2011

HarperCollins to Acquire Thomas Nelson

In a deal that will unite the country’s two largest religion book publishers, HarperCollins, parent company of Zondervan, has reached an agreement to acquire Thomas Nelson for an undisclosed price. HC expects to close the purchase before the end of the year.

HC CEO Brian Murray said the publisher was attracted to Nelson because of its “great content and great authors.” He sees Nelson as being more broad based than Zondervan, pointing to Nelson lines in such areas as business and leadership. Nelson, he added, “is a leader in the inspirational market and we are always looking for good content.” Nelson has had one of the bestselling books of the year in Heaven Is for Real. The area where the two are in the most direct competition is the Bible category. Nelson and Zondervan are the dominant Bible publishers in the Christian market, and they license or own translations that compete head to head.

Murray said it was too early to discuss how Nelson will be integrated into HC, although he said HC will continue to maintain offices in Grand Rapids, Mich., home to Zondervan, as well as Nashville where Nelson is headquartered.

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10.31.2011

AbitibiBowater Announces Improved Operating Earnings for Third Consecutive Quarter

AbitibiBowater Inc. today reported a net loss of $44 million for the third quarter of 2011, or $(0.46) per share, on sales of $1.2 billion. This compares with a net loss of $829 million, or $(14.35) per share, on sales of $1.2 billion in the third quarter of 2010.
Excluding $96 million of special items described below, net income in the quarter was $52 million, or $0.53 per share, compared with a net loss excluding special items of $95 million, or $(1.65) per share, in the third quarter of 2010.
"Our operating earnings improved for the third consecutive quarter following emergence at the end of last year," said Richard Garneau, president and chief executive officer. "Overall shipments increased and, with the exception of pulp, pricing in each of our segments was stable or better in this quarter. We continue to make progress in spite of an economy that continues to prove challenging."

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10.31.2011

UPM launches a new composite in which wood fibres replace non-renewable raw material

UPM has developed a new composite for both industrial and consumer end-uses. The new composite is made from virgin wood fibers and clean plastic polymers. The proportion of wood fibres in the composite varies from 20 to 60 percent depending on the end-use.

UPM’s new composite is suitable for various end-uses, explains Stefan Fors, Director of UPM’s Advanced Fibre Materials. “UPM’s new composite is ideal for electronic and automotive industries. It is also good material for furniture, tableware and other goods for everyday living. The possibilities are extensive. Our strong point is the raw material — renewable and wood-based pulp fibre.”

The new composite can be dyed and moulded like plastic. Products made from UPM’s composite are consistent quality, odourless and safe. The material is delivered to customers in the form of composite granules, which UPM produces in Lahti, Finland.

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10.31.2011

Amcor Unveils Round Wide Mouth PET Jar for Food Packaging

Amcor Rigid Plastics, the world’s leading producer of polyethylene terephthalate (PET) packaging, is ready to unseat glass as the dominant material in 24 oz wide mouth food containers. The industry leader in hot fill technology sees major market opportunities for its newly introduced 24 oz round, wide mouth PET jar for the food industry. The stock hot fill container is a lightweight replacement for glass for pasta sauces, apple sauce, salsas, jams and jellies, and other food products filled at temperatures up to 205 F.

Conversion from glass to PET not only improves a brand owner’s environmental stance but its market position with consumers as well. Users, particularly families with children, will now be able to enjoy the consumer-friendly benefits of PET including lightweight, easy opening, and much improved product evacuation. Also high on the list of key features is the unbreakable design, transparency, and the environmental benefits of a lightweight and recyclable jar.

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10.31.2011

Billerud reports strong earnings and very strong cash flow

Highlights: January-September 2011 compared with the same period in 2010

Net sales amounted to SEK 7 257 million (6 549), an increase of 11%.
Operating profit amounted to SEK 903 million (711), corresponding to a margin of 12% (11).
Profit for the period amounted to SEK 638 million (480).
Earnings per share amounted to SEK 6.19 (4.66).

July-September 2011 compared with April-June 2011

Net sales amounted to SEK 2 327 million (2 383).
Operating profit amounted to SEK 296 million (275). The increase is mainly due to lower costs including lower costs for periodic maintenance shutdowns and lower costs for inputs.
The order situation weakened during the quarter.
Prices in local currency for the packaging paper segments were stable compared with the second quarter. Price pressure increased, however, towards the end of the quarter.
Market-related shutdowns were implemented during the quarter, primarily relating to sack paper, in order to restore the balance in the market.

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10.31.2011

Oil Declines in New York, Paring Biggest Monthly Increase Since May 2009

Oil fell in New York on speculation demand will falter after the biggest monthly gain in more than two years and a surge in the dollar. Brent’s premium to U.S. crude slid to a four-month low.

Futures fell as much as 1.2 percent after Japan weakened the yen for the third time this year and a technical indicator signaled prices may have risen too fast. A stronger dollar typically curbs demand for commodities from holders of other currencies. Crude prices at $100 a barrel would be unsustainable, according to the former head of the International Energy Agency. Oil is up 17 percent in October, the biggest monthly increase since May 2009.

“My anticipation is that prices will consolidate,” said Jonathan Barratt, a managing director of Commodity Broking Services Pty in Sydney. Prices at $93 to $95 a barrel are “expensive,” he said.

Crude for December delivery dropped as much as $1.07 to $92.25 a barrel in electronic trading on the New York Mercantile Exchange and was at $92.61 at 3:31 p.m. Singapore time. Prices slid 0.7 percent on Oct. 28 to $93.32.

Brent crude for December settlement was at $109.12 a barrel, down 0.7 percent, on the London-based ICE Futures Europe exchange. The contract traded at a premium of $16.56 a barrel to New York futures, which would be the lowest close since July 4. It settled at a record $27.88 on Oct. 14.

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10.31.2011

Magazine Publishers Look to Where Digital is Booming: The Book Business

After the initial flurry of excitement surrounding the release of their digital editions, magazine publishers are now beginning to focus on the strategies behind the products. In addition to complete digital editions, many are seeking other avenues to repackage and sell digital content. Mag publishers don’t need to look far to see where the digital conversion is paying off: its literary counterpart, the book business.

In fiscal first quarter 2012, bookseller and newsstand provider Barnes and Noble saw its digital content sales quadruple. The retailer attributed this growth largely to its eReader offering; the NOOK business increased 140 percent during this period to $277 million. Overall sales for BN.com jumped 37 percent to $198 million. As brick and mortar bookstores topple (including the recent goodbye to former book giant Borders), the e-book appears to be finally taking hold.

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10.31.2011

Metso to supply tissue line to CMPC Tissue, Chile

Metso will supply a complete tissue production line to CMPC Tissue S.A. of Santiago, Chile. The tissue line will be installed at CMPC’s Talagante mill in Chile. The line will be started up during 2013. The value of the order will not be disclosed. This kind of production line is typically valued at EUR 20-30 million, depending on the scope of the delivery and the production output.

Metso’s delivery will comprise a complete tissue production line with stock preparation equipment and an Advantage DCT 200+ tissue machine including an OptiFlo II TIS headbox, a Metso Yankee cylinder, an Advantage AirCap hood, an Advantage WetDust dust management system and an Advantage SoftReel reel. The production line will be optimized to enhance final product quality and save energy.

The delivery will also contain an extensive Metso automation package including a Metso DNA process automation system for machine, process and drive controls as well as a Metso IQ quality control system.

With a width of 5.6 m, the new production line will produce 50,000-60,000 tons a year of high-quality facial, toilet and towel grades. The raw material for the new line will be virgin and DIP pulp.

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10.31.2011

PaperWorks’ Crest Complete HolobriteTM package receives PPC Eco Award

The results from the 68th Annual National Paperboard Packaging Competition are in and PaperWorks’ Crest Complete HolobriteTM package has been awarded the 2011 Eco Award.

The PaperWorks HolobriteTM package stood out for its innovation and design while maintaining the package’s recyclable, biodegradable and compostable qualities. Typically, holographic effects are accomplished through the lamination of non-biodegradable PET onto boxboard, a process that renders the package non-recyclable. The PaperWorks HolobriteTM package is unique in that the company succeeded in maintaining the package’s sustainable qualities by micro-embossing a reflective coating onto CRB boxboard.

“Our industry is one of innovation and excellence. It is an honor to be recognized for a package design that not only stands out on the shelf, but that is in line with PaperWorks’ commitment to being environmentally conscious. The ECO Award recognizes our efforts to create packages that use paperboard to create more sustainable packaging,” says John Hartwell, Executive Vice President, Packaging Group.

The process used by PaperWorks is not only less costly to produce, but also eliminates the need for off-site lamination, thereby reducing transportation costs, energy expenditures while reducing raw material consumption.

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10.31.2011

E-book Sales Rose 116% in August

E-book sales from publishers that report to the AAP rose 116.5% in August, to $88.8 million, compared to August 2010. The gain marked an acceleration in e-book growth compared to July when sales of the format increased 105%, the slowest in 2011. All trade print segments had a decline in August sales with the largest coming in mass market paperback where sales from reporting companies fell 36.4%. Sales of digital audio rose 30.2% at 12 digital audio publishers.

For the first eight months of 2011, e-book sales increased 144.4%, to $649.2 million, from 18 reporting publishers to the AAP monthly statistics program. Sales were off by double digits in all trade print segments in the January-August period, although sales in the religion category were up 9% in the year to date at the 22 reporting houses.

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10.31.2011

Standard Register Reports Third Quarter 2011 Financial Results

Standard Register today announced its financial results for the third quarter. The Company reported revenue of $157.5 million and a net profit of $8.4 million, or $0.29 per diluted share. The results compare to prior year revenue of $163.6 million and a net profit of $1.4 million, or $0.05 per diluted share. Through nine months, the Company reported revenue of $486.7 million and a net profit of $8.0 million, or $0.28 per diluted share. The nine month results compare to prior year revenue of $495.7 million and a net profit of $0.5 million, or $0.02 per diluted share. The results for the current quarter and year reflect a favorable impact to net profit of $12.2 million, or $0.42 per diluted share due to termination of the postretirement healthcare plan.

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10.28.2011

Harte-Hanks Reports Third Quarter Results

Harte-Hanks, Inc. today reported third quarter 2011 diluted earnings per share of $0.19 on revenues of $212.8 million. These results compare to diluted earnings per share of $0.22 on $216.7 million in revenues for the third quarter of 2010.

For the three months ended September 30, 2011, the company generated free cash flow (defined below) of $12.8 million, down from $15.9 million in the prior year's third quarter.

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10.28.2011

Deluxe Reports Third Quarter 2011 Financial Results

Deluxe Corporation announced its financial results for the third quarter ended September 30, 2011.

Third Quarter 2011 Highlights:Revenue for the quarter was $355.1 million compared to $367.6 million during the third quarter of 2010. Revenue in 2010 included a contract settlement of $24.6 million. Excluding the contract settlement, revenue increased 3.5% compared to 2010, with growth in Small Business Services more than offsetting declines in the personal check businesses.

Gross margin was 65.5 percent of revenue compared to 67.0 percent in 2010. The contract settlement in 2010 had a favorable impact of 2.4 percentage points on 2010 gross margin. Favorable impacts from price increases and the Company's continued cost reduction initiatives more than offset increased material costs and delivery rates in 2011.

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10.28.2011

Temple-Inland to Open New Chicago Facility

Temple-Inland is pleased to release exciting news: a new state-of-the-art display and graphics facility is slated to open January, 2012 in Chicagoland. Temple-Inland Display and Packaging Chicago will offer the combined services and expertise of the Elgin Corrugated Box and Mack Packaging brands from a single, newly renovated plant in Carol Stream, Illinois.

With the opening of this new facility, Temple-Inland is positioned to provide industry-leading, high-end corrugated packaging, displays and fulfillment to current Mack, Elgin, and Temple-Inland customers plus new customers throughout the country.

This facility, working in concert with the entire network of operations, including the newly opened (April, 2011) Aurora box plant, allows Temple-Inland to meet the packaging and display needs for boutique businesses as well as large, high-volume corporations with national brands demanding global consistency.

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10.28.2011

Vistaprint Reports First Quarter Fiscal Year 2012 Financial Results

Vistaprint N.V., a leading online provider of professional marketing products and services to micro businesses and the home, today announced financial results for the three month period ended September 30, 2011, the first quarter of its 2012 fiscal year.

Financial Metrics: Revenue for the first quarter of fiscal year 2012 grew to $212.4 million, a 25 percent increase over revenue of $170.5 million reported in the same quarter a year ago. Excluding the estimated impact from currency exchange rate fluctuations, total revenue grew 20 percent from the same quarter a year ago.

Gross margin (revenue minus the cost of revenue as a percent of total revenue) in the first quarter was 63.2 percent, compared to 63.1 percent in the same quarter a year ago.

Operating income in the first quarter was $9.7 million, or 4.6 percent of revenue, and reflected a 21 percent decrease compared to operating income of $12.3 million, or 7.2 percent of revenue in the same quarter a year ago.

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10.28.2011

Canfor Reports Results for Third Quarter of 2011

Canfor Corporation today reported a net loss of $9.6 million for the third quarter of 2011, compared to net income of $26.2 million for the second quarter of 2011 and net income of $37.2 million for the third quarter of 2010. For the nine months ended September 30, 2011, the Company’s net income was $48.9 million, compared to $116.4 million for the comparable period in 2010.

The Company’s net loss attributable to shareholders for the third quarter of 2011 was $21.6 million, or $0.15 per share, compared to shareholder net income of $2.1 million, or $0.01 per share, for the second quarter of 2011, and shareholder net income of $9.1 million, or $0.06 per share, for the third quarter of 2010. For the first nine months of 2011, the shareholder net loss was $12.5 million, or $0.09 per share, compared to shareholder net income of $48.5 million, or $0.34 per share, for the first nine months of 2010.

The Company reported operating income of $14.5 million for the third quarter of 2011, down $12.0 million from $26.5 million for the second quarter. The decrease principally reflected a decline in the pulp and paper segment’s earnings of $10.8 million to $37.3 million, primarily resulting from capital upgrade related downtime and lower pulp market prices. The Lumber segment recorded an operating loss of $11.7 million, which was in line with the previous quarter.

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10.28.2011

Glatfelter to Expand Capacity of Rapidly Growing Composite Fibers Business Unit

Glatfelter, a leading global supplier of specialty papers and fiber-based engineered materials, today announced capacity expansion plans for its Composite Fibers business unit, which serves the growing global tea and single serve coffee markets, among others.

The Company will invest US$50 million at its Gernsbach, Germany facility to expand its inclined wire capacity by nearly 20%, or approximately 10,500 short tons, by converting a conventional flat wire paper machine to a state-of-the-art inclined wire paper machine used to manufacture filter papers for tea bags and single-serve coffee applications as well as certain composite laminate products and technical specialties.

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10.28.2011

Fortress Paper Resumes Construction Activities

Fortress Paper Ltd. announced that it has resumed construction activities at its Fortress Specialty Cellulose Mill in Thurso, Quebec, after all employees of contractors engaged by the Company reported to the construction site today.

The Fortress Specialty Cellulose Mill began experiencing instances of construction worker absenteeism in the evening of Thursday, October 20, 2011, with certain trade workers failing to report, in increasing numbers, to the construction site the following day and throughout the weekend. While at the time the Company did not consider that these actions were likely to materially impact the timing of the conversion project at the mill, the unexpected full walkout by the construction workers on Monday, October 24, 2011 has impacted the critical path of the project. The Company expects construction activity to reach normalized levels once the construction workforce is fully remobilized and construction activities are fully ramped-up, however it is possible that labour relations could change as a result of ongoing opposition to proposed government legislation.

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10.27.2011

Cabela's Inc. Reports Record Third Quarter Fiscal 2011 Results

Cabela's Incorporated today reported record financial results for third quarter fiscal 2011.

For the quarter, adjusted for divestitures, total revenue increased 6.2% to $678.6 million; Retail store revenue increased 6.8% to $393.8 million; Direct revenue decreased 1.7% to $210.9 million; and Financial Services revenue increased 33.7% to $71.4 million. For the quarter, comparable store sales decreased 1.6%. On a reported basis, total revenue increased 5.5% and Direct revenue decreased 3.5%. A detailed reconciliation is provided at the end of this release.

Net income increased 65% to $35.6 million compared to $21.6 million in the year ago quarter, and earnings per diluted share were $0.50 compared to $0.31 in the year ago quarter, each excluding impairment charges of approximately $3.0 million pre-tax in each of the third quarters of 2011 and 2010. The Company reported GAAP net income of $33.3 million and earnings per diluted share of $0.47 as compared to GAAP net income of $19.7 million and earnings per diluted share of $0.29 in the year ago quarter. See the supporting schedules to this earnings release labeled "Reconciliation of Non-GAAP Financial Measures" for a detailed reconciliation of the GAAP to non-GAAP financial measures.

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10.27.2011

Clearwater Paper to Sell Lewiston Sawmill to Idaho Forest Group

Clearwater Paper Corporation today announced the company has entered into an agreement to sell its Lewiston, Idaho, sawmill to Idaho Forest Group of Coeur d'Alene, Idaho.

The transaction includes the sale of Clearwater Paper's sawmill, planer mill, dry kilns, and related assets along with log and finished goods inventories and timber under contract, in the aggregate amount of approximately $30 million. As part of the transaction, the two companies have entered into a long-term residual fiber supply agreement with the goal of delivering consistent supplies of chips and sawdust to Clearwater Paper's Lewiston pulp mill from Idaho Forest Group Mills.

Clearwater Paper is expected to ramp down production in the coming weeks in preparation for Idaho Forest Group to officially take possession in the fourth quarter of 2011. Clearwater Paper's approximately 250 affected employees will receive severance and all provisions subject to the WARN Act, which includes up to 60 days' worth of pay and benefits.

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10.27.2011

1-800-FLOWERS.COM® Reports Revenue Growth from Continuing Operations of 15.2 Percent

1-800-FLOWERS.COM, Inc., the world's leading florist and gift shop, today reported revenues from continuing operations of $117.2 million for its fiscal 2012 first quarter ended October 2, 2011, compared with revenues from continuing operations of $101.7 million in the prior year period. The Company said strong revenue growth was achieved in all three of its business segments, with revenues in its core Consumer Floral division up 12.0 percent, BloomNet Wire Service revenues up 23.7 percent and Gourmet Food and Gift Baskets revenues increasing 18.6 percent, compared with the prior year period. The Company attributed the strong revenue growth for the quarter to a number of factors including: increased average order value as well as improving trends in website conversions and transactions in its Consumer Floral segment; increased order volumes and product sales in BloomNet; increased wholesale business in several of its Gourmet Food and Gift Baskets brands; and same-store sales growth in its Fannie May brand. In addition, revenues reflected contributions from several small acquisitions completed in the second half of fiscal 2011 and early in the first quarter of fiscal 2012.

Gross profit margin for the quarter was 39.7 percent compared with 42.3 percent in the prior year period. The lower gross margin percentage primarily reflects increased wholesale product mix in the Company's BloomNet and Gourmet Food and Gift Baskets segments. Operating expense ratio (excluding depreciation and amortization) during the quarter was 42.1 percent compared with 45.1 percent in the prior year period. The improved operating expense ratio primarily reflects the increased revenues for the quarter as well as well as the Company's continued focus on improving leverage across its business platform.

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10.27.2011

U.S. Recovered Paper Consumption Drops in September

According to the September 2011 Recovered Paper Monthly Report published today by the American Forest & Paper Association (AF&PA), total U.S. industry consumption of recovered paper was 2.46 million tons, 7% lower than September of last year, and 4% lower than August 2011. The decrease was observed across all grades of recovered paper, most noticeably in Pulp Substitutes at 10%. Overall, the year-to-date decrease in consumption compared to the same period in 2010 remains around 4%. On the other hand, inventories increased to their highest levels for this year, led by a 12% increase in Mixed inventories.

U.S. exports of recovered paper increased slightly in August compared to July. Year-to-date exports in 2011 continue to be 14% higher than last year by volume. Despite growing imports and decreasing consumption, estimated year-to-date recovery (consumption + exports – imports) is 2.6% higher than the same period last year, fueled by consistently strong exports of recovered paper.

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10.27.2011

Bemis Company Reports 2011 Third Quarter Results

Bemis Company, Inc. today reported its 2011 third quarter results:
CONSOLIDATED RESULTS
Total Bemis net sales were $1.36 billion for the third quarter of 2011, a 4.9 percent increase from $1.29 billion for the same period of 2010. Sales growth included a 2.3 percent increase due to currency translation. The remaining increase in net sales reflects higher selling prices offset by lower unit sales volumes.

Diluted earnings per share from continuing operations for the third quarter of 2011 was $0.53 compared to $0.56 per share for the same quarter of 2010. Excluding professional fees and other acquisition associated costs incurred, adjusted diluted earnings from continuing operations would have been $0.56 per share for the current quarter compared to $0.57 per share in the same quarter of 2010.

FLEXIBLE PACKAGING BUSINESS SEGMENT
Bemis’ flexible packaging business segment reported net sales of $1.22 billion. This represents a 5.5 percent increase compared to net sales of $1.15 billion for the third quarter of 2010. Currency effects increased net sales by 2.1 percent. The remaining sales growth reflected higher selling prices compared to the third quarter of 2010, partially offset by lower unit sales volumes. Segment operating profit for the third quarter of 2011 was $117.4 million, or 9.7 percent of net sales, compared to operating profit of $133.9 million, or 11.6 percent of net sales for the same period of 2010.

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10.27.2011

Crude Oil Gains on European Debt Agreement, Signs of U.S. Economic Growth

Oil advanced in New York after European leaders agreed on measures to tame a sovereign debt crisis that threatens to slow economic growth and curb demand for commodities.

Futures climbed as much as 2.5 percent after falling 3.2 percent yesterday, the biggest decline this month. Officials in Europe persuaded bondholders to take 50 percent losses on Greek debt and boosted a bailout fund to 1 trillion euros ($1.4 trillion). The Commerce Department may say today the U.S. economy grew at the fastest pace this year in the third quarter. U.S. supplies of fuels such as gasoline, diesel and heating oil fell last week, the Energy Department said yesterday.

“The countries at least showed the will to find a solution to the debt crisis, and the participation of the banking sector in a debt cut is certainly good news for the market,” said Gerrit Zambo, a trader at Bayerische Landesbank in Munich. “The gains in oil are quite limited compared to equities, though, suggesting traders are hesitant to believe that European efforts will bring up oil again.”

Crude for December delivery rose as much as $2.23 to $92.43 a barrel in electronic trading on the New York Mercantile Exchange. It was at $92.18 at 11:01 a.m. London time. Yesterday, the contract declined the most since Sept. 30, losing $2.97 to $90.20. Prices have gained 0.7 percent this year.

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10.27.2011

Clearwater Paper Reports Third Quarter 2011 Results

Clearwater Paper Corporation today reported financial results for the third quarter of 2011.

The company reported net earnings of $8.6 million, or $0.37 per diluted share, for the third quarter of 2011, compared to net earnings of $15.0 million, or $0.64 per diluted share, for the third quarter of 2010. The third quarter 2011 earnings before interest, taxes, depreciation and amortization, or EBITDA, was $46.2 million, compared to $40.3 million in the third quarter of 2010. Clearwater Paper acquired Cellu Tissue on December 27, 2010. The third quarter of 2011 includes Cellu Tissue's results, which is the primary reason for many of the variances between the 2011 and 2010 periods.

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10.27.2011

International Paper Reports Strong Third Quarter Earnings

International Paper today reported third quarter 2011 net earnings from continuing operations attributable to common shareholders totaling $518 million, or $1.19 per share ($0.92 excluding special items), including record profit levels in North American Coated Paperboard and solid results in emerging markets. Despite increasing input costs on most raw materials, the company improved earnings and cash flow in the quarter with superior operational, outage and cost management performance.

Quarterly net sales were $6.6 billion compared with $6.6 billion in the second quarter of 2011 and $6.7 billion in the third quarter of 2010.

Operating profits were $571 million in the third quarter of 2011, compared with $483 million in the second quarter of 2011 and $752 million in the third quarter of 2010, all of which included special items.

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10.27.2011

OfficeMax Reports Third Quarter 2011 Financial Results

OfficeMax® Incorporated, a leader in office supplies, technology and services, today announced the results for its fiscal third quarter ended September 24, 2011. Total sales were $1,774.8 million in the third quarter of 2011, a decrease of 2.1% from the third quarter of 2010. For the third quarter of 2011, OfficeMax reported net income available to OfficeMax common shareholders of $21.5 million, or $0.25 per diluted share, compared to $20.0 million, or $0.23 per diluted share, in the third quarter of 2010.

"In the quarter, we maintained our profit margins in a tough economic climate and a soft Back-to-School season," said Ravi Saligram, President and CEO of OfficeMax. "With our new senior management team largely in place, we remain focused on driving operational efficiencies as we position the company for long-term growth."

Contract segment sales of $883.3 million in the third quarter of 2011 increased 0.7% (a decrease of 2.6% on a local currency basis) compared to the prior year period. This increase reflected a U.S. Contract operations sales decrease of 2.4% and an international Contract operations sales increase of 7.7% in U.S. dollars (a decrease of 3.0% on a local currency basis). The U.S. Contract sales decline in the third quarter primarily reflects weaker sales to existing corporate accounts, partially offset by sales to new customers exceeding lost sales to former customers. Both U.S. and International Contract operations showed improvements in the rates of sales declines on a local currency basis compared to the prior quarter.

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10.27.2011

Sealed Air Reports Third Quarter 2011 Results

For the third quarter 2011, Sealed Air Corporation reported diluted net earnings per common share (EPS) of $0.41, including $0.07 of acquisition items related to the Diversey Holdings, Inc. ("Diversey") acquisition, compared with $0.43 in 2010. Adjusted EPS increased 12% to $0.48, compared with $0.43 in 2010. (See attached supplements for non-U.S. GAAP reconciliations and information.)

Net sales increased 10% to $1.25 billion, while gross profit was $336 million, or 26.9% of net sales, compared with $321 million, or 28.4% in 2010. Operating profit was $130 million, or 10.4% of net sales, which includes $24 million of acquisition- and integration-related expenses and lower variable incentive compensation expenses. This compares with $147 million, or 13.0%, in 2010. Excluding the acquisition- and integration-related expenses, adjusted operating profit was $154 million, or 12.3% of net sales, compared with 13.1% in 2010. Adjusted EBITDA was $196 million, compared with $192 million in 2010.

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10.27.2011

Orchids Paper Products Company Reports 2011 Third Quarter Results

Orchids Paper Products Company today reported third quarter 2011 financial results.

Net sales in the third quarter of 2011 increased 6% to $26.1 million, a new quarterly record, compared with $24.5 million in the same period in 2010. Year-to-date net sales increased $1.9 million, or 3% to $72.2 million, compared with $70.2 million in the same period of 2010.

Third quarter 2011 net income was $1.6 million, an increase of $205,000, or 14%, compared with $1.4 million of net income in the same period of 2010. Year-to-date net income for 2011 was $3.5 million, a decrease of $1.5 million, or 30%, compared with $5.0 million of net income in the same period of 2010.

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10.27.2011

Graphic Packaging Holding Company Reports Third Quarter 2011 Results

Graphic Packaging Holding Company, a leading provider of packaging solutions to food, beverage and other consumer products companies, today reported Adjusted Net Income of $33.8 million, or $0.09 per share, based on 390.6 million weighted average diluted shares. This compares to third quarter 2010 Adjusted Net Income of $24.1 million, or $0.07 per share, based on 347.2 million weighted average diluted shares.

On an unadjusted basis, the Company reported a Net Loss for third quarter 2011 of $47.5 million, or $(0.12) per share, compared to third quarter 2010 Net Income of $17.6 million, or $0.05 per share. During the third quarter of 2011, the Company recorded a $96.3 million non-cash goodwill impairment charge for a reporting unit within its flexible packaging segment. The net impact of the charge was $80.0 million or $(0.20) per share, after deducting the associated income tax benefit of $16.3 million. Third quarter 2011 Net Loss also includes a $1.3 million charge associated with a loss on modification or extinguishment of debt. Third quarter 2010 Net Income includes $6.5 million of charges associated with a loss on modification or extinguishment of debt.

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10.27.2011

Domtar Corporation reports preliminary third quarter 2011 financial results

Domtar Corporation today reported net earnings of $117 million ($2.95 per share) for the third quarter of 2011 compared to net earnings of $54 million ($1.30 per share) for the second quarter of 2011 and net earnings of $191 million ($4.44 per share) for the third quarter of 2010. Sales for the third quarter of 2011 amounted to $1.4 billion. Excluding items listed below, the Company had earnings before items1 of $123 million ($3.10 per share) for the third quarter of 2011 compared to earnings before items1 of $98 million ($2.37 per share) for the second quarter of 2011 and earnings before items1 of $183 million ($4.26 per share) for the third quarter of 2010.

Operating income before items1 was $193 million in the third quarter of 2011 compared to an operating income before items1 of $165 million in the second quarter of 2011. Depreciation and amortization totaled $93 million in the third quarter of 2011.

The increase in operating income before items1 in the third quarter of 2011 was the result of lower maintenance costs and variable compensation, higher average selling prices for paper and the positive impact of a weaker Canadian dollar. These factors were partially offset by lower average selling prices for pulp and lower shipments for paper and pulp. When compared to the second quarter of 2011, paper shipments decreased 1% and pulp shipments decreased 1%. Paper deliveries of ArivaTM increased 5% when compared to the second quarter of 2011. The shipments-to-production ratio for paper was 102% in the third quarter of 2011, compared to 101% in the second quarter of 2011. Paper inventories declined by 16,000 tons while pulp inventories increased by 21,000 metric tons as at the end of September, compared to June levels.

Domtar paper shipments are expected to decline in the fourth quarter when compared to the third quarter due to seasonal factors while the cyclical downturn in global pulp markets is expected to lead to further declines in average selling prices for market pulp. Domtar's fourth quarter results will benefit from the inclusion of Attends' financial results for a full quarter.

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10.27.2011

Golfsmith Announces Third Quarter 2011 Earnings Results

Golfsmith International Holdings, Inc., today announced financial results for the third quarter of fiscal 2011.

Third Quarter Highlights: Net revenues increased 8.3 % to $101.0 million as compared to net revenues of $93.3 million for the third quarter of fiscal 2010. Net revenues reflect a 3.4 percent increase in comparable store sales and an 11.2 percent increase in net revenues from the direct-to-consumer channel.

Operating income for the third quarter was $1.8 million as compared to an operating loss of $1.1 million for the same period last year. The third quarter of fiscal 2011 included $0.6 million in charges for legal and other professional services incurred outside the ordinary course of business. The third quarter of 2010 included $1.6 million in charges related to store closings, asset impairment and lease termination costs.

Net income for the third quarter of fiscal 2011 totaled $1.3 million, or $0.08 per diluted share, as compared to a net loss of $1.1 million, or $0.07 per share for the same period last year. Excluding the store closing costs and other unusual charges, the Company's net income for the third quarter of fiscal 2011 was $1.9 million, or $0.11 per share, as compared to $0.2 million, or $0.01 per share, for the third quarter of fiscal 2010.

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10.27.2011

International Paper Announces 2020 Goals to Increase Energy Efficiency and Reduce Greenhouse Gas Emissions Globally

International Paper is committing to use 15 percent less energy and to reduce its absolute greenhouse gas emissions by 20 percent by 2020. Using 2010 as a baseline, these goals are the first in a set of comprehensive sustainability goals the company will announce in the next six months.

"Our commitment to sustainability spans our 110 year history and these goals are a natural next step in demonstrating that we can make the products that matter to people in a way that matters," said David Kiser, International Paper vice president, environment, health, safety & sustainability.

International Paper plans to achieve these reductions by increasing manufacturing efficiencies, exploring new technologies and engaging our employees to find innovative solutions in its operations.

"The goals of improving energy efficiency and reducing greenhouse gas emissions go hand-in-hand. Less energy means fewer emissions and in the last five years we have been able to reduce our energy usage by 12 percent. We are confident we can achieve these goals while still delivering our industry leading products, performance and customer service," Kiser added.

International Paper is announcing these goals in conjunction with recent recognition it received from the Environmental Protection Agency's (EPA) Climate Leaders program for achieving voluntary fossil fuel greenhouse gas emission reductions of more than 40 percent from 2000 to 2010.

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10.27.2011

Sonoco Recycling Breaks Ground on Charleston Facility

Sonoco Recycling, a wholly owned subsidiary of Sonoco and one of the largest packaging recyclers in North America, today announced that it has broken ground on a new materials recovery facility (MRF) in Charleston County, S.C. Expected to be complete in February of 2012, the new MRF will service both residential and commercial/industrial recycling.

"Our new facility represents a $1 million investment into the greater Charleston community," said Jim Brown, vice president, Sonoco Recycling. "We've been in Charleston County since 1972, and are excited to continue our growth in this area by offering expanded services to local residents and businesses."

The MRF, located at 2025 Tellico Road in North Charleston, will add 15 new jobs in addition to the 200 people currently employed by Sonoco Recycling in South Carolina. With the new facility, Sonoco Recycling aims to grow capacity by 25 percent, increasing processing capabilities by expanding the list of materials accepted in Charleston County. Additionally, the new MRF will be equipped to process residential single-stream (commingled) materials.

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10.27.2011

Valassis Announces Results for the Third Quarter Ended Sept. 30, 2011

Valassis today announced the following financial results for the third quarter ended Sept. 30, 2011: Revenues were $528.4 million, a decrease of 7.7% compared to $572.4 million for the prior year quarter due to the negative impact of the macroeconomic climate on client advertising budgets; the previously announced anticipated shortfall in Run-of-Press (ROP) revenue within the Neighborhood Targeted segment; and the negative impact of the increased costs of high coupon redemption on annual consumer promotion budgets. This has resulted in reduced consumer packaged goods (CPG) programs across our various business segments. Diluted earnings per share (EPS) was $0.58, an increase of 11.5% from $0.52 for the prior year quarter. Net earnings were $27.5 million, an increase of 1.9% from $27.0 million for the prior year quarter. Adjusted EBITDA* was $69.8 million, a decrease of 12.5% compared to $79.8 million for the prior year quarter driven primarily by the decline in revenue.

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10.27.2011

Avery Dennison Announces Third Quarter 2011 Results

Avery Dennison Corporation today announced preliminary, unaudited third quarter 2011 results.

Pressure-sensitive Materials (PSM): Label and Packaging Materials sales grew compared to the prior year as volume declines were offset by pricing actions. Sales in Graphics and Reflective Solutions were relatively flat. Operating margin increased compared to prior year as the impact of lower volume was more than offset by lower employee-related costs. Pricing and cost reduction actions offset inflation compared to the same period last year. Prices and raw material costs are stabilizing.

Office and Consumer Products (OCP): The decline in sales reflected weak end market demand. Operating margin declined due primarily to the effects of lower volume and raw material inflation, partially offset by lower advertising spend and employee-related costs.

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10.27.2011

O-I Reports Third Quarter 2011 Results

Owens-Illinois, Inc. today reported financial results for the third quarter ending September 30, 2011.

Third quarter net sales were $1.862 billion in 2011, up from $1.689 billion in the prior year's third quarter, primarily due to higher sales volume and favorable foreign currency translation effects.

Net earnings from continuing operations attributable to the Company in the third quarter of 2011 were $119 million, or $0.72 per share (diluted), compared with net earnings from continuing operations in the third quarter of 2010 of $127 million, or $0.77 per share (diluted). Exclusive of the items not representative of ongoing operations listed in Note 1, third quarter 2011 adjusted net earnings were $139 million, or $0.84 per share (diluted), compared with adjusted net earnings in the prior year third quarter of $136 million, or $0.83 per share (diluted). Third quarter 2011 adjusted net earnings improved significantly from second quarter 2011 adjusted net earnings of $98 million, or $0.59 per share (diluted).

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