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

11.17.2011

Sustainability at the heart of the European paper industry

Sustainability is central to the European paper industry and this new report details the achievements of the industry. Key figures in the report are:

80% of the wood used by CEPI members comes from CEPI countries
61% virgin wood fibre used by the industry is certified, 5% more than in 2008
94% of water used is returned to its source
69%, the European Paper Recycling Rate: a world record
90% of newspapers and corrugated boxes are made from recycled fibre
90% of production capacity has environmental management certification
14% reductionin energy consumption since 1990
86%less SO2 since 1990
95% reduction in AOX per tonne of product since 1990
58% reduction in the accident rate since 1990

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11.17.2011

Williams-Sonoma, Inc. Announces Strong Third Quarter 2011 Results

Williams-Sonoma, Inc. today announced operating results for the third quarter of fiscal 2011 ended October 30, 2011 (“Q3 11”).

Net revenues in Q3 11 increased 6.3% to $867 million versus $816 million in Q3 10. Comparable brand revenue in Q3 11 increased 7.3%.

Comparable brand revenue growth in Q3 11 increased 7.3% versus 12.5% in Q3 10 as shown in the table below. Comparable brand revenue growth includes both comparable store net revenues and total direct-to-customer net revenues.

Direct-to-customer (“DTC”) net revenues in Q3 11 increased 9.9% to $390 million versus $355 million in Q3 10, driven by increases across all brands, led by the Pottery Barn, West Elm and Pottery Barn Kids brands. E-commerce net revenues increased 14.6% to $339 million in Q3 11 versus $296 million in Q3 10. DTC net revenues generated 45% of total company net revenues in Q3 11 versus 43% in Q3 10, representing a channel mix shift of 200 basis points.

Retail net revenues in Q3 11 increased 3.6% to $478 million versus $461 million in Q3 10, primarily driven by the West Elm and Pottery Barn brands and international franchise operations. Retail leased square footage (“LSF”) decreased 4.0%, including the closure of our Williams-Sonoma Home stores at the end of FY 10. Excluding the Williams-Sonoma Home stores, retail net revenues increased 5.1%. Comparable store sales in Q3 11 increased 6.3% versus 8.1% in Q3 10.

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11.17.2011

Book Country launches self publishing services

Book Country, the online community dedicated to genre fiction launched by Penguin Group (USA) earlier this year, today introduced a suite of self-publishing tools, marking the first entry by a unit of a Big Six publisher into this fast-growing, non-traditional segment of the book industry.

"In combination with free access to our community and all it offers readers and writers of original genre fiction, these professional tools provide a direct path to publication for those who choose to go the self-publishing route," said Molly Barton, president of Book Country. "And the site remains a great way for authors to get their manuscripts read, critiqued and workshopped in preparation for readers."

The BookCountry.com site has attracted more than 120,000 unique visitors since going into public beta in May and has close to 4,000 members who have posted over 500 works of genre fiction and offered thousands of constructive critiques of those works. Publishing professionals have used the site to scout for new authors. A small number of writers in the community have secured agents. The new self-publishing tools will add another way for site members to reach readers.

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11.17.2011

Limited Brands Reports a 39% Increase in Adjusted and a 72% Increase in Reported Third Quarter Earnings Per Share

Limited Brands, Inc. today reported 2011 third quarter results and increased its 2011 full-year earnings guidance.

Adjusted earnings per share for the third quarter ended Oct. 29, 2011 increased 39% to $0.25 compared to earnings per share of $0.18 for the quarter ended Oct. 30, 2010, which exclude an income tax benefit in 2011 as detailed below. Third quarter operating income was $186.1 million compared to operating income of $149.1 million last year, and adjusted net income was $77.6 million compared to net income of $61.3 million last year.

The 2011 adjusted results above exclude an income tax benefit, primarily due to the resolution of certain tax matters, of $16.7 million, or $0.06 per share. Including this benefit, 2011 net income was $94.3 million and earnings per share were $0.31.

Comparable store sales for the third quarter increased 9 percent, and net sales were $2.173 billion compared to $1.983 billion last year.

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11.16.2011

SP Newsprint files bankruptcy

SP Newsprint Co, owned by newsprint magnate and fine art collector Peter Brant, filed for bankruptcy protection because of rising raw material costs and too much debt, and said it may sell itself to its lenders.

Tuesday's filing by the Greenwich, Connecticut-based company, which has called itself the fourth-largest North American newsprint manufacturer, followed a September 7 bankruptcy filing by NewPage Corp, North America's largest maker of magazine paper. New Page is owed by private equity firm Cerberus Capital Management LP.

Paper makers have struggled in recent years with rising costs, increased competition from Asia and Europe, and falling demand as more advertisers and readers move online.

Ed Sherrick, SP Newsprint's chief financial officer, in a statement said weak economic conditions and record prices for key raw materials shrank profit margins, leaving the company unable to continue paying its debts.

In a court filing, SP Newsprint said it is in talks to obtain financing to help it operate in bankruptcy.

It said it anticipates that its lenders, including General Electric Co's GE Capital unit, will require a sale of the company as a going concern, and that these lenders have "expressed a willingness" to serve as the initial bidder.

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11.16.2011

The American Forest & Paper Association Celebrates Another Year of Forest Products Industry Recycling Success

In recognition of America Recycles Day, the American Forest & Paper Association (AF&PA) is celebrating the efforts of millions of Americans who choose to recycle paper each day by highlighting the resulting success of those efforts.

In 2010, 87 percent of Americans (268 million) had access to curbside and/or drop-off paper recycling programs. With a 63.5 percent recovery for recycling rate in 2010, more paper is recycled than glass, plastic and aluminum combined. Enough paper was recovered for recycling in 2010 to fill 124 Empire State buildings, which is roughly 334 pounds for each man, woman and child in the country. Paper recycling saves 3.3 cubic yards of landfill space per ton of paper recovered for recycling. Since 1990, the paper recovery rate for recycling has nearly doubled.

“We’re proud to represent an industry that is committed to sustainability, and to demonstrate our continued commitment, we have set a goal to increase the paper recovery rate to more than 70 percent by 2020,” said AF&PA President and CEO Donna Harman. “Our members are proven environmental stewards, and our industry provides a wide array of paper and paper-based packaging products that are renewable, recyclable and sustainable.”

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11.16.2011

Crude Oil Slides From Near Its Three-Month High as Euro, Equities Retreat

Oil retreated from near its highest in three months as European stocks pared gains and the region’s single currency declined, signaling renewed concern that the debt crisis will damage economic growth.

West Texas Intermediate futures erased an earlier gain, following yesterday’s rally to the highest price since July 26. The Stoxx Europe 600 Index was unchanged as of 10:46 a.m. in London after gaining 1.2 percent. The euro was 0.3 percent weaker against the dollar at $1.3498.

“For quite a long time the oil price has correlated well with events in the sovereign debt crisis,” said Torbjoern Kjus, an Oslo-based senior market analyst at DnB NOR, who predicts the price of Brent crude will average $105 a barrel this quarter. “I would not be surprised to see prices falling back more. We are risking a banking crisis.”

Crude oil for December delivery on the New York Mercantile Exchange was down 41 cents at $98.96 a barrel at 10:49 a.m. London time. Earlier it lost as much as 98 cents. Prices rose as high as $99.84 yesterday.

Brent oil for January settlement was down 22 cents at $111.96 a barrel on the ICE Futures Europe exchange in London. The European contract’s premium to West Texas crude narrowed to $12.98.

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11.16.2011

Unfolding the Future – 2050 Roadmap to a low-carbon bioeconomy

The Confederation of European Paper Industries (CEPI) unfolded the future when launching their 2050 Roadmap to a low-carbon bio-economy.

The roadmap attempts to lay out the future of the forest fibre industry and its potential to meet future consumer demands, stay competitive and deliver a CO2 emission reduction. This initiative addresses the European Commission roadmap, which modeled an overall industrial reduction of 80% in CO2 by 2050. The CEPI roadmap explores the technical, financial and resource constraints that lie ahead, and the policy framework that will be needed to tackle them.

The forest fibre industry has the ambition to be at the heart of the 2050 bio-economy, an essential platform for a range of bio-based products and the recycling society. The industry is expected to grow in line with EU GDP, by about 1.5% a year for the next 40 years. The future sector will be a cluster of more and more integrated activities and industries.

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11.16.2011

Flint Group Flexographic Products announces further price increase for Printing Plates

Since the middle of 2010 raw material and energy costs have grown considerably - with some materials witnessing growth rates of up to 100%. Despite Flint Group continuously pushing productivity and cost savings initiatives, the raw material cost increases placed on the market have not been able to be absorbed and will have to be passed on. Subsequently Flint Group Flexographic Products is forced to increase prices for nyloflex® and nyloprint® printing plates in 2012.

“While the exaggerated cost situation is projected to stabilise at a high level for single raw material components, costs for key material to manufacture printing plates will continue to increase further while energy costs are forecasted to grow significantly in the near future”, comments Thomas Zwez, Vice President Operations, Flint Group Flexographic Products. “This situation is compounded further with the fact that the markets are still driven by capacity shortages, which stems back to the economic crisis in 2008, and by an increased global demand, in particular from emerging countries, which have escalated the competition for limited resources.“

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11.16.2011

Cutbacks at Braviken Paper Mill

Holmen Paper is opening union negotiations to reduce the workforce at Braviken Paper Mill, outside Norrköping. The reasons for the cutbacks are continued poor profitability and increasing competition.

Employees were informed on Wednesday about the coming job cuts, which will affect around 80 people.

"Holmen Paper's profitability is already low and we are continuing to experience tough market conditions," explains Henrik Sjölund, head of Holmen Paper. "We are therefore stepping up work on cutting our fixed costs. Unfortunately this will mean losing some employees."

In addition to job cuts at Braviken Paper Mill, Holmen Paper is also overhauling its central functions such as marketing and sales. Alongside this, the company is switching to more refined products.

"Holmen Paper is in the middle of restructuring the Swedish units so that they produce more refined and thus more profitable products, and that strategy will remain in place," states Henrik Sjölund. "We are exploiting the competitive advantages that our access to virgin fibre brings and increasingly becoming a specialist paper company."

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11.16.2011

NFL Magazine to 'Kick Off' in December

There are football magazines aplenty, but one with the blessing of the National Football League--with cumulative team and television revenues that would easily put it the upper rung of the Fortune 500--is a big deal. Enter the monthly NFL magazine with New York-based publishing partner Dauphin Media Group. The famous logo is there on the cover, as are contributors that include quarterback-turned-NFL Today commentator and WFAN (New York) host Boomer Esaison. Another contributor is NBC Sunday Night Football sideline commentator Andrea Kremer, and editor Jim Buckley comes from NFL Publishing.

The December 13 launch is no accident, because it is typically Thanksgiving through the Super Bowl when football interest peaks. Estimated opening print run is between 300,000 and 400,000, with Quad/Graphics the printer and Kable Media Services the distributor.

Subscription rate, per nfl.com/magazine, is $19.90 per year, with the 60% savings meaning a $5.50 single-copy price.

NFL magazine is following the nearly 14-year-old ESPN the magazine model in complementing digital and television components. Especially important is added exposure to the NFL Network and its personalities, with ex-player Warren Sapp and ex-coach Jim Mora among those in the launch issue.

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11.16.2011

Hadera Paper Ltd. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2011

Hadera Paper Ltd. today reported financial results for the third quarter (the "Third Quarter")and first nine months ended September 30, 2011 (the "Reported Period"). The Company, its subsidiaries and associated company - are referred to hereinafter as the "Group".

Consolidated sales during the Reported Period amounted to NIS 1,541.7 million, as compared with NIS 784.6 million last year, representing an increase of 96.5%, originating primarily from growth in the sales of the packaging paper and recycling sector as compared with the corresponding period last year, coupled with the consolidation of the sales of Hadera Paper - Writing and Printing Ltd ("Hadera Paper Printing"), starting January 1, 2011, in the total sum of NIS 554.0 million, net of inter-company sales totaling NIS 526.3 million.

The consolidated sales in the Third Quarter of the year totaled NIS 519.5 million, as compared with NIS 295.4 million in the corresponding quarter last year, representing growth of approximately 75.9%, originating primarily as a result of the consolidation of the sales of Hadera Paper Printing, in the amount of NIS 184.7 million, coupled with growth in the sales of the packaging paper and recycling sector in relation to the corresponding quarter last year and as compared with second quarter sales this year of NIS 504.6 million, representing growth of approximately 2.96%.

The operating profit totaled NIS 45.8 million during the Reported Period, 3.0% of sales, as compared with NIS 32.7 million, 4.2% of sales, in the corresponding period last year. Net of non-recurring revenues and expenditures during the Reported Period and the corresponding period last year, the operating profit decreased from NIS 19.1 million to NIS 16.4 million. The decrease in the operating profit from current operations during the Reported Period, as compared with the corresponding period last year, originates primarily from the consolidation of the results of the Hadera Paper Printing segment since January 1, 2011, following an operating loss of NIS 13.1 million in this segment. This decrease was offset as a result of a rise in the gross profit of the various segments, in view of the increase in sales.

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11.16.2011

Pregis Announces Third Quarter 2011 Financial Results

Pregis Corporation, a leading international manufacturer, marketer, and supplier of protective packaging products and specialty packaging solutions, today announced its 2011 third quarter financial results.

For the third quarter of 2011, the Company generated net sales of $241.1 million, an increase of 7.8% versus net sales of $223.7 million in the third quarter of 2010. Gross margin as a percent of net sales was 20.9% for the third quarter of 2011 compared to 21.2% for the same period last year.

Adjusted EBITDA, or “Consolidated Cash Flow” as defined by our indentures, is a significant operating measure used by the Company to measure its operating performance and liquidity. Adjusted EBITDA was $22.9 million in the third quarter of 2011 compared to $20.2 million for the same period in 2010.

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11.16.2011

September Bookstore Sales Rise Slightly

Bookstore sales continued to do better than expected, at least as measured by the U.S. Census Bureau. According to preliminary estimates, sales in September rose 0.7%, to $1.55 billion and were up 2.8% for the first nine months of 2011. Revenue includes all sales made at stores where at least 50% of its sales come from books and also reflects the final going-out-of business sales at Borders.

For the entire retail segment, September sales rose 8.5%, and were up 8.1% in the first nine months of the year.

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11.16.2011

Standard Register Receives Two Industry Awards

Standard Register, a leading provider of critical communications management solutions, was recently recognized by the Tag & Label Manufacturers Institute, Inc. (TLMI) at the organization’s 34th Annual Awards Competition in Scottsdale, AR.

Standard Register received first place honors in two categories:

Non-pressure sensitive, all process, cut & stack: line/prime. The winning label offered the customer a thermally stable product that would not shrink in a hot mold, but still met critical color requirements to advance their brand.
Non-pressure sensitive all process cut & stack: color process prime. The winning label enabled the customer to increase the decorating area on their bottles by 100 percent for greater shelf appeal.
“These awards recognize our ability to elevate the image of manufacturers,” said Tom Furey, president of Standard Register’s Industrial Business Unit. “We’ve developed core capabilities around graphic design, critical color management, process printing and in-mold labeling. Through these we can help our customers produce products with exciting shelf appeal, more durable brand images, and truly innovative packaging. Receiving these honors from TLMI validates that our capabilities in these areas are among the best.”

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11.16.2011

Tembec reports financial results for its fourth quarter ended September 24, 2011

Consolidated sales for the three-month period ended September 24, 2011, were $421 million, as compared to $444 million in the comparable period of the prior year. The Company generated a net loss of $17 million or $0.17 per share in the September 2011 quarter compared to net earnings of $2 million or $0.02 per share in the September 2010 quarter. Operating earnings before depreciation, amortization and other specific or non-recurring items (EBITDA) was $19 million for the three-month period ended September 24, 2011, as compared to EBITDA of $36 million a year ago and EBITDA of $32 million in the prior quarter.

For the fiscal year ended September 24, 2011, consolidated sales were $1.7 billion, down from $1.9 billion in the prior year. The Company generated a net loss of $3 million or $0.03 per share compared to net earnings of $52 million or $0.52 per share in fiscal 2010. EBITDA was $95 million compared to $132 million in the prior year.

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11.16.2011

Abercrombie & Fitch Reports Third Quarter 2011 Results

Abercrombie & Fitch Co. today reported unaudited results which reflected net income of $50.9 million and net income per diluted share of $0.57 for the thirteen weeks ended October 29, 2011, compared to net income of $50.0 million and net income per diluted share of $0.56 for the thirteen weeks ended October 30, 2010.

Net sales for the thirteen weeks ended October 29, 2011 increased 21% to $1.076 billion from $885.8 million for the thirteen weeks ended October 30, 2010. U.S. sales, including direct-to-consumer sales, increased 14% to $820.2 million. International sales, including direct-to-consumer sales, increased 56% to $255.7 million. Total Company direct-to-consumer sales, including shipping and handling, increased 41% to $132.4 million.

Total comparable store sales for the quarter increased 7%. By brand, comparable store sales increased 4% for Abercrombie & Fitch, 6% for abercrombie kids, and 8% for Hollister Co. Total sales by brand were $436.1 million for Abercrombie & Fitch, $104.2 million for abercrombie kids and $518.0 million for Hollister Co.

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11.16.2011

Target Corporation Announces Strong Third Quarter 2011 Earnings

Target Corporation today reported net earnings of $555 million for the quarter ended October 29, 2011, compared with $535 million in the quarter ended October 30, 2010. Earnings per share in the third quarter increased 10.2 percent to $0.82 from $0.74 in the same period a year ago. As previously disclosed, third quarter 2010 earnings per share included the benefit of approximately 6 cents related to favorable state income tax settlements. Third quarter 2011 results included expenses related to Target’s investments in its 2013 Canadian market entry, which reduced earnings per share by approximately 5 cents. Excluding those two items, adjusted earnings per share increased 28 percent to $0.87 in third quarter 2011 from $0.68 in the same period a year ago. A reconciliation of non-GAAP financial measures to GAAP measures is provided in the tables attached to this press release. All earnings per share figures refer to diluted earnings per share.

As the company first reported in its sales release on November 3, 2011, Target’s sales in third quarter 2011 increased 5.4 percent to $16.1 billion from $15.2 billion a year ago, due to a 4.3 percent increase in comparable-store sales and the contribution from new stores. Segment earnings before interest expense and income taxes (EBIT) were $931 million in the third quarter of 2011, an increase of 14.1 percent from $816 million in 2010.

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11.16.2011

Domtar Releases New Wave of "Paper Because" Campaign

Building on its award-winning "Paper Because" campaign,Domtar Corporation today released a new series of videos promoting the important role paper plays in our lives.

The videos will debut on PaperBecause.com, Domtar.com, YouTube and social media sites - relying on satire to highlight how using paper responsibly makes business sense and how it's also an environmentally sound choice. The 30-second spots take a humorous look at office settings where the pressures to go paperless are taken to ridiculous lengths. In early 2012, new print ads will be added to the campaign in trade and consumer media, while the videos and banner ads will appear on a variety of news websites.

"Paper Because has enabled Domtar to communicate the importance of paper to business and opinion leaders," said Lewis Fix, Vice-President of Sustainable Business and Brand Management at Domtar. "Domtar has long been a leader in sustainable paper production. The Paper Because campaign promotes the responsible use of paper, while also reminding people of just how effective paper is in communicating on logical and emotional levels in so many business and personal settings."

Since Domtar unveiled the Paper Because campaign last year, there has been substantial support from paper industry, printing, graphic design and marketing partners. Many have picked up elements of the campaign and provided significant exposure on websites, in catalogs, at conferences and other outlets.

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11.16.2011

Strong Quarter in Book Manufacturing Boosts Courier Results

Courier Corporation, one of America’s leading book manufacturers and specialty publishers, today announced fourth-quarter and full-year results for its fiscal year ended September 24, 2011.

Courier’s fourth-quarter 2011 revenues were $73.7 million, up 5% from $70.2 million in last year’s fourth quarter. Net income for the quarter was up sharply to $6.4 million or $.53 per diluted share. In fiscal 2010, fourth-quarter net income was $1.1 million or $.09 per diluted share including a $4.7 million pretax impairment charge, and $4.2 million or $.35 per diluted share excluding that impairment charge.

For fiscal 2011 overall, Courier sales were $259.4 million, up slightly from $257.1 million in fiscal 2010. Net income for the year was $134,000 or $.01 per diluted share including earlier charges for impairment, restructuring and the writedown of receivables from Borders Group Inc. Excluding these charges, net income for fiscal 2011 would have been $10.7 million or $.89 per diluted share. For fiscal 2010, net income was $7.1 million or $.60 per diluted share including the fourth-quarter impairment charge, and $10.2 million or $.85 per diluted share excluding it. Details of the impairment charges and other costs can be found in the tables at the end of this release.

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11.16.2011

Discover's Holiday Shopping Survey Finds Consumers Plan to Slightly Increase Their Budgets This Holiday Season

Shoppers expect to spend approximately $748 this season compared to plans of spending $730 at this time last year, according to the Discover 2011 Annual Holiday Shopping Survey, which examines holiday spending intentions and trends for the upcoming holiday season.

Twenty-three percent of respondents indicated they intend to spend more in 2011, up from 13 percent that planned to spend more in 2010. Fifty percent of consumers intend to spend the same or more as they did last year; up from 43 percent.

One of the most important insights the survey revealed for consumer shopping intentions is Americans’ propensity to look to sites such as Groupon or Living Social for gift purchases. When asked if they would buy a gift through a group-buying site, more than half, 55 percent, of consumers gave a jolly nod to the idea, up from 22 percent who said the same last year. In 2010, just 6 percent of those surveyed said they had purchased a gift through a group-buying site, which more than tripled in 2011 to 20 percent.

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11.15.2011

Saks Incorporated Announces Results for the Third Quarter 2011

Retailer Saks Incorporated today announced results for the third quarter and nine months ended October 29, 2011.

For the third quarter ended October 29, 2011, the Company recorded net income of $17.8 million, or $.11 per diluted share.

For last year’s third quarter ended October 30, 2010, the Company recorded net income of $36.3 million, or $.20 per diluted share. Those results included a $26.7 million, or $.14 per share, gain related to the reversal of certain estimated income tax reserves deemed no longer necessary. Excluding this gain, the Company would have recorded net income of $9.7 million, or $.06 per share, for the third quarter ended October 30, 2010.

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11.15.2011

The Home Depot Announces Third Quarter Results

The Home Depot®, the world's largest home improvement retailer, today reported third quarter of fiscal 2011 net earnings of $934 million, or $0.60 per diluted share, compared with net earnings of $834 million, or $0.51 per diluted share, in the same period of fiscal 2010. For the third quarter of fiscal 2011, diluted earnings per share increased 17.6 percent from the prior year.

Sales for the third quarter totaled $17.3 billion, a 4.4 percent increase from the third quarter of fiscal 2010. Comparable store sales for the third quarter of fiscal 2011 were positive 4.2 percent, and comp sales for U.S. stores were positive 3.8 percent.

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11.15.2011

Staples, Inc. Announces Third Quarter 2011 Performance

Staples, Inc. announced today the results for its third quarter ended October 29, 2011. Total company sales for the third quarter of 2011 increased 0.5 percent to $6.6 billion compared to the third quarter of 2010. Net income for the third quarter of 2011 increased 13 percent year over year to $326 million. Diluted earnings per share, on a GAAP basis, increased 18 percent to $0.47 from $0.40 achieved in the third quarter of 2010, and increased 15 percent compared to adjusted diluted earnings per share of $0.41 achieved in the third quarter of 2010.

On a GAAP basis, third quarter 2011 operating income rate improved 25 basis points to 8.12 percent compared to the third quarter of 2010. Excluding the impact of integration and restructuring expense in the prior year period, third quarter 2011 operating income rate improved 11 basis points from 8.01 percent. This increase primarily reflects improved product margins, offset by increased supply chain costs and investments in labor to support growth initiatives.

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11.15.2011

Urban Outfitters Reports Record Q3 Sales

Urban Outfitters, Inc., a leading lifestyle specialty retail company operating under the Anthropologie, Free People, BHLDN, Terrain and Urban Outfitters brands today announced net income of $50.7 million and $146.0 million for the three and nine months ended October 31, 2011, respectively. Earnings per diluted share were $0.33 for the quarter and $0.91 for the nine months ended October 31, 2011.

For the third quarter of fiscal 2012, total company net sales increased 6% over the same quarter last year to $610 million. Comparable retail segment net sales, which include the direct-to-consumer channels, decreased 3% for the quarter, while comparable store net sales decreased 7% for the quarter. Comparable retail segment net sales at Free People increased 14%, were flat at Urban Outfitters, and decreased 7% at Anthropologie. Direct-to-consumer comparable net sales increased 15% and wholesale segment net sales rose 13% for the quarter.

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11.15.2011

American Business Media and Northwestern University Form Strategic Alliance

American Business Media (ABM) and Northwestern University (including its Media Management Center and its Medill School of Journal, Media, Integrated Marketing Communications) today entered into an agreement in which the two organizations will form a strategic alliance to cooperate and share expertise to benefit their respective communities.

ABM and Northwestern will partner to develop customized education programs with curricula focused on key b-to-b industry objectives and continuing education. The first B to B Advanced Leadership Program, taking place January 8 – 12, 2012, at the Allen Center in Evanston, IL, will provide industry executives with a high-level, cross-functional view of the media business and help them to manage change in the face of transformation.

During the Program, intensive educational modules will be taught by professors from the Kellogg School of Management and the Medill School of Journalism, Media, Integrated Marketing Communications, as well as top b-to-b industry executives. The curriculum includes sessions on such subjects as Strategic Planning, Thinking Like an Investor and Buy vs. Build, and it will also cover the latest developments in business models, such as Marketing Services, Paid Content and Mobile Media.

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11.15.2011

First Ever Magazine Dedicated to Reality TV Debuts in January 2012

American Media, Inc., the leading publisher of celebrity magazines and web sites in the United States, today announced the launch of Reality Weekly, the first weekly magazine devoted exclusively to the hottest reality shows on TV and their stars, and a companion web site realityweekly.com. It fulfills a fan’s fantasy of one-stop shopping for the juiciest news and sound bites of the week, and what didn’t make it onto the screens. The announcement was made by David J. Pecker, AMI Chairman, President and CEO.

Reality Weekly will feature glossy pages splashed with photos of reality TV’s biggest stars with news, recaps, tidbits, and inside scoop. Each issue will include a rotation of star-studded contributors, including Simon Cowell (“The X-Factor”), Ryan Seacrest (“American Idol”) and Donald Trump (“The Apprentice.”)

Reality Weekly will be sold on newsstands as well as at all major mass merchants and drug chains such as Walmart, Kroger, Dollar General, Winn-Dixie, Kmart, A&P, and Rite Aid beginning in January 2012. Each issue will be priced at $1.79 (“Less Money, More Fun”).

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11.15.2011

Arctic Paper S.A. Reports Third Quarter Results

Arctic Paper S.A., the second-largest European producer of bulky book paper and one of Europe’s leading producers of high-quality graphic paper, generated revenues in the 3rd quarter of 2011 of over PLN 641.4 million, 2.3% higher than in the same period of 2010, and EBITDA of over PLN 43 million, 69.3% higher than achieved in the 3rd quarter of 2010. In the 3rd quarter of 2011 the company earned a net profit of almost PLN 34.1 million. This means that the company has made up a significant part of the loss generated in the 1st half of this year.

Despite continuing lower demand for graphic fine paper in Europe, the company increased its sales volume in the 3rd quarter of 2011 compared to the 2nd quarter of 2011 by 6.1%. Nonetheless, it was 1.4% below the volume recorded in the 3rd quarter of 2010.

Thanks to the increase in sales volume, use of the company’s production capacity returned to the high level of 95%.

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11.15.2011

Crude Trades Close to Two-Day Low in New York

Oil fell for a second day in New York as speculation Europe will struggle to contain its debt crisis countered signs of declining fuel stockpiles in the U.S., the world’s largest crude consumer. Brent rose in London.

West Texas Intermediate slipped, extending yesterday’s 0.9 percent drop, as Italy’s borrowing costs climbed, adding to concern that Europe’s turmoil is worsening. U.S. crude inventories probably shrank for a second week, according to a Bloomberg survey before an Energy Department report tomorrow. Crude may advance to more than $200 a barrel if tensions over Iran’s nuclear program lead to conflict, SEB AB said.

“Crude has been suffering from renewed recession fears in the Euro-zone and strong gains in the dollar index,” said Andrey Kryuchenkov, a London-based analyst at VTB Group who predicts Brent prices will end the year close to current levels. “Fears over the ongoing debt crisis are still dominating headlines. The situation will not go away overnight.”

Crude for December delivery was at $97.63 a barrel, down 51 cents, in electronic trading on the New York Mercantile Exchange at 11:11 a.m. London time. Prices have risen in the last six weeks, the longest run of gains since April 2009.

Brent for December settlement, which expires today, was up 31 cents, or 0.3 percent, at $112.20 a barrel on the ICE Futures Europe exchange. The more actively traded January contract climbed 37 cents to $111.65.

The European benchmark crude was $14.29 a barrel higher than New York futures, after ending yesterday at a $13.75 premium, the lowest since May 25. The spread is down 48 percent from a record $27.88 on Oct. 14.

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11.15.2011

Brown Printing Extends and Expands Relationship with Future US

Brown Printing Company announced that it has signed a multiyear, multimillion dollar agreement with Future US Inc. to supply manufacturing and distribution solutions for 20 of its titles and specials. This agreement expands the existing relationship, maintaining Brown’s position as Future’s top print supplier.

Under the agreement, Brown will continue to produce 19 different market-leading titles and specials including Official Xbox Magazine, PlayStation: The Official Magazine, Nintendo Power, PC Gamer, Guitar World, Maximum PC and Mac|Life. The agreement also expands Future and Brown’s relationship with the addition of Revolver magazine which will begin production at Brown’s Woodstock, IL facility in January of 2012.

“Future US is delighted to extend our relationship with Brown Printing,” stated Michael Hollister, Production Director at Future US Inc. “Over the past several years, they have been and remain an outstanding solution provider. Brown Printing services are top notch, ranging from high-quality manufacturing and distribution to exceptional customer service and a willingness to go the extra mile.”

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11.15.2011

A strong record of efficiency – CEPI Sustainability Report 2011

The European paper industry today launched its fifth Sustainability Report, in which it highlighted its impressive performance over the last years focusing on resource efficiency and innovation.

In the reporting period of 2009 and 2010, the pulp and paper industry has been recovering from the financial crisis while coping with increased energy costs and various problems in the availability of raw materials. In spite of this, recycling has increased and certification of wood used in mills has risen to a new level. The industry has further reduced CO2 emissions and reduced its energy consumption. The percentage of companies with environmental management systems is at an all time high of 90%. On the social side, CEPI has started a social dialogue with EMCEF, the European Employees Federation representing paper industry employees, in which much focus is given to health and safety, as a priority.

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11.15.2011

Conde Nast To Put All 18 Titles on NOOK Tablet

Conde Nast announced today that all 18 of its magazines will soon be available on the Barnes & Noble NOOK Tablet and NOOK Color. Seventeen of those magazines will be available on NOOK by the end of November while Vogue will join the platform in early 2012.

Single copies and monthly subscriptions will be available. Current print subscribers will access digital editions for free while new monthly subscribers will get a 14-day trial to the digital editions.

Conde Nast titles on the NOOK will include Allure, Architectural Digest, Bon Appetit, Brides, Conde Nast Traveler, Details, Glamour, Golf Digest, Golf World, GQ, Lucky, Self, Teen Vogue, The New Yorker, Vanity Fair, W and Wired.

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11.15.2011

North America’s First High-Recycled Coated Paper for Books Rolls out on America Recycles Day

Today, on America Recycles Day, FutureMark® Paper Company rolls out the first high-recycled premium coated paper produced in North America especially for textbooks, cookbooks, children’s books and other picture books requiring premium print fidelity. Scholastic, an innovative children’s publishing, education and media company, is among the environmentally progressive companies using Future Book™ paper—the first paper of its kind made predominantly of recycled fiber from an American producer.

“Pioneering customers such as Scholastic drove FutureMark Paper to develop this breakthrough recycled book paper,” said FutureMark President and CEO Steve Silver. “They saw the high quality and recycled content of our magazine and catalog papers and pushed us to apply our expertise to a premium product they could use in books, a market that previously had no practical, high-recycled options. Now, with Future Book coated paper, we’re providing a 90-percent recycled paper that’s wholly competitive in quality and cost to conventional, non-recycled book paper.”

Future Book coated book paper averages more than 90 percent recycled fiber in a paper category averaging less than 10 percent use of recycled fiber. According to the Environmental Paper Network Paper Calculator, 100 tons of Future Book 90+ percent recycled paper delivers the following conservation benefits when used in lieu of 100 tons of conventional, non-recycled book paper:
Saves more than 800 million BTUs of energy, which is enough to power nine average American homes for one year; Saves more than 570,000 gallons of water; Eliminates more than 84,000 pounds of greenhouse gases; Saves approximately 1,450 trees.

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11.15.2011

Heidelberg Unveils Eurobind Pro with Book Production Line from Hunkeler

At the Postpress Commercial Information Days in Leipzig, Heidelberger Druckmaschinen AG (Heidelberg) will be unveiling an inline system combining a digital book production line from Hunkeler AG, Switzerland, and the Eurobind Pro adhesive binder. This makes it possible to switch between digital and offset print content on a single adhesive binder. The exceptional processing quality of print products on the Eurobind Pro ensures both production types deliver the same high quality in the end product. Thanks to the combination of minimum makeready times and high production speeds of 6,000 cycles per hour, only one adhesive binder is needed for the cost-effective production of short and very short runs and long industrial-scale runs comprising up to 50,000 copies. This exceptional flexibility is tailored to the needs of innovative print shops as well as specialist manufacturers and service providers focusing on digital printing, publishing, and document management. "This adhesive binder allows our customers to offer a broader range of products and boost their added value. The open interface of the Eurobind Pro and the modular design of the gathering machine will make it possible in the future to add a host of other creative postpress solutions," explains Thomas Krischke, Head of Postpress Commercial at Heidelberg.

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11.15.2011

Mayr-Melnhof Group Announces Results for the First Three Quarters of 2011

The Mayr-Melnhof Group managed to generate the second quarter’s operating profit also in the third quarter. Thus, the reporting period from January to September 2011 showed improved results compared to the previous year. The folding carton business still demonstrated a stable development, in particular due to the so far persistent private consumption. However, as expected, the ongoing profit contribution from cartonboard production has decreased further. The reasons for that lie in the continued reduction in capacity utilization, as the customers plan very conservatively and consume their inventory from the still well-stocked supply chain.

Although the economic indicators point further downwards, the prices of input factors such as fibers and chemicals only declined slowly. However, the entire industry is challenged by an increasing price pressure related to the capacity utilization. We continue to pursue our goal of maintaining the cartonboard prices with a high discipline in order to delay a margin erosion as much as possible.

As planned, production at the newly built Turkish packaging site in Karaman, Central Anatolia, started at the end of the third quarter. Furthermore, in November 2011, we took a first step towards the Far East by acquiring a majority interest (51 %) in Firgos, a Malaysian cartonboard trader, located in Kuala Lumpur, with a folding carton site in the start-up process.

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11.15.2011

BR Printers Meeting Short-Run Book Demand with InfoPrint 5000 Inkjet Press

Ricoh a leading provider of digital output solutions, announced that BR Printers has chosen the InfoPrint 5000 to meet the high demands of its customers looking for both color and monochrome short runs of books. BR Printers, an international commercial printer focused on the publishing market, reportedly evaluated many inkjet offerings before ultimately deciding on the InfoPrint 5000 due to its quality, high speeds, versatility and low downtime.

Immediately after installation, the InfoPrint 5000 provided cost-savings for BR Printers. Previously, the company was outsourcing most color jobs and utilizing in-house cutsheet printers for its monochrome jobs. By replacing these models with the InfoPrint 5000, thereby eliminating the need for outsourcing, the company was able to realize bottom line increases instantly.

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11.15.2011

Asset impairment charge overshadows Catalyst improved Q3 operational results

Catalyst Paper posted a net loss of $205.7 million ($0.54 per common share) on sales of $340.3 million during the third quarter of 2011. The net loss was largely due to a $151.0 million impairment charge on the company's Snowflake facility.

The Q3 net loss compared with a Q2 net loss of $47.4 million ($0.13 per common share) on sales of $297.8 million. Operating results for the third quarter improved over the prior quarter, driven by higher sales volumes and paper prices, productivity gains and a lower Canadian dollar.

"We regained momentum this quarter in productivity and operating rates," said President and CEO Kevin J. Clarke. "And our strong safety focus helped reduce lost time injuries. Unfortunately, these improvements were overshadowed by the magnitude of the impairment charge at Snowflake, which makes very clear the relentless pressures on our industry."

The Snowflake impairment charge consists of a full write-down of the net book value of building, machinery and equipment, as well as the cost of materials and parts inventory. The profitability of recycled newsprint production at Snowflake is being severely impacted by demand declines and by supply and price pressures relating to recovered old newsprint (ONP) which is the mill's sole fibre feedstock. The impairment charge is therefore being taken in accordance with U.S. generally accepted accounting principles.

Before the impairment charge and other specific items, Catalyst had a net loss for the third quarter of $14.1 million ($0.04 per common share), in contrast to a net loss before specific items of $46.9 million ($0.12 per common share) in the second quarter. The other significant specific item during the third quarter was a foreign exchange loss on the translation of U.S.-dollar denominated debt.

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11.15.2011

Pregis Announces Third Quarter 2011 Financial Results

Pregis Corporation, a leading international manufacturer, marketer, and supplier of protective packaging products and specialty packaging solutions, today announced its 2011 third quarter financial results.

For the third quarter of 2011, the Company generated net sales of $241.1 million, an increase of 7.8% versus net sales of $223.7 million in the third quarter of 2010. Gross margin as a percent of net sales was 20.9% for the third quarter of 2011 compared to 21.2% for the same period last year.

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11.15.2011

Tronox Incorporated Reports Record Third Quarter and Nine-Month 2011 Results

Tronox Incorporated, the world's fifth-largest producer and marketer of titanium dioxide pigment, today announced results for the fiscal third quarter and nine-month period ending Sept. 30, 2011.

Third quarter 2011 net sales were $465.4 million, a 49.0 percent increase from $312.3 million reported in the prior year's third quarter. Income from operations in the quarter was $99.2 million compared with $46.6 million in the prior year quarter. Net income for the quarter was $98.9 million versus a loss of $25.5 million in the previous year's period.

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11.15.2011

Walmart U.S. and Sam's Club comp sales exceed guidance

Wal-Mart Stores, Inc. today reported financial results for the third quarter ended Oct. 31, 2011. Net sales for the third quarter of fiscal year 2012 were $109.5 billion, an increase of 8.2 percent from $101.2 billion in net sales in last year's third quarter. Net sales for the quarter included $2.1 billion in sales from acquisitions in the U.K. and South Africa and a currency exchange translation benefit of $1.3 billion.

Income from continuing operations attributable to Walmart for the quarter was $3.3 billion. Diluted earnings per share from continuing operations attributable to Walmart (EPS) for the third quarter of fiscal year 2012 were $0.97. Last year's third quarter EPS of $0.95 included a $191-million tax benefit, which was approximately $0.05 per share, related to a favorable adjustment to transfer pricing policies after negotiations with a foreign tax jurisdiction.

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11.15.2011

Three Additional Fasson(R) Label Constructions Meet New Canadian Recycling Protocol for Pet Thermoform Containers

Avery Dennison Label and Packaging Materials announced today that three additional Fasson® label constructions have met the protocol requirements of the Association of Post-consumer Plastic Recyclers (APR) for the recycling of PET thermoformed containers. The constructions are:

54# Semi-Gloss paper with AT-1 adhesive
2.0 Mil Clear BOPP film with S2001 adhesive
2.6 Mil White BOPP film with S490 adhesive
The three additions, along with the previously approved Fasson Direct-Thermal 200HD paper with S490 adhesive, provide Canadian brands, retailers and converters a family of prime paper, filmic and variable information labeling solutions to select from when adhering to protocol requirements.

The APR protocol was designed to improve recycling efficiencies and the quality of post-consumer plastics. The new protocol evaluates thermoform labels and adhesives to help advance greater recyclability by identifying pressure-sensitive laminates that satisfy the need to adhere and be removed prior to recycling.

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11.14.2011

J. C. Penney Company, Inc. Reports Third Quarter Financial Results

J. C. Penney Company, Inc. today reported that adjusted net income excluding restructuring and management transition charges for the third quarter ended October 29, 2011, was $24 million or $0.11 per share. Including restructuring and management transition charges, the Company reported a net loss of $143 million or $0.67 per share. A reconciliation of non-GAAP adjusted net income to the most directly comparable GAAP financial measure is included with this release.

Comparable store sales for the third quarter declined 1.6 percent. Total sales decreased 4.8 percent, reflecting the Company's exit from its catalog and catalog outlet businesses. As previously announced, the Company completed the sale of its outlet store business during the quarter. Internet sales through jcp.com were $341 million in the third quarter, decreasing 5.4 percent from last year. The strongest merchandise results in the period were in women's accessories and men's apparel. Geographically, the best performance was in the southeast region of the country.

Gross margin decreased $146 million compared to last year's third quarter. As a percent of sales, gross margin decreased approximately 160 basis points to 37.4 percent, reflecting the softer-than-anticipated selling environment in the quarter and the resulting higher level of promotional activity.

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11.14.2011

Kindle Fire Newsstand to Offer Over 400 Full-Color Magazines and Newspapers

Amazon.com, Inc. announced that the Kindle Fire Newsstand will offer over 400 full-color magazines and newspapers. Kindle Fire customers who subscribe before March 1, 2012 will also receive an exclusive free three-month trial of 17 Condé Nast magazines, including Vanity Fair, GQ, WIRED and Glamour. Kindle Fire, which ships next week, is a new class of Kindle that brings the same ease-of-use and deep integration of content that helped Kindle re-invent reading to magazines, movies, TV shows, music, apps, games, books and more. Magazines and newspapers look beautiful on Kindle Fire’s 7” vibrant multi-touch color touch-screen that delivers 1024 X 600 pixel resolution at 169 ppi and 16 million colors in high resolution. Kindle Fire Newsstand customers will be able to enjoy their favorite magazines in rich, glossy, full-color from publishers such as Condé Nast, Meredith, and Hearst. Interactive editions with built-in video and audio are also available for many magazines such as Better Homes & Gardens, Allure and Self. To learn more about the Kindle Fire Newsstand, visit http://www.amazon.com/kindlefirenewsstand.

“We think Kindle Fire customers will love the beautiful, intuitive reading experience we’ve built for their favorite magazines such as Us Weekly, The New Yorker, and Reader’s Digest,” said Russ Grandinetti, Vice President, Kindle Content. “The response from publishers has been overwhelmingly positive and they are excited to make their magazines and newspapers available on Kindle Fire, and we’re adding new titles all the time.”

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11.14.2011

Crude Futures Decline as Italy Names New Leader, China Sees ‘Soft Landing'

Oil dropped, erasing earlier gains, on concern that new leadership in Italy may not contain the European debt crisis and China’s demand for crude may weaken.

West Texas Intermediate fell as much as 1 percent after earlier rising to $99.69 a barrel, the highest level since July 26. Italy’s president offered Mario Monti, a former European Union competition commissioner, the post of prime minister yesterday. The International Monetary Fund’s Deputy Managing Director Zhu Min said yesterday the world’s second-largest economy was heading for a “soft landing” as growth slows.

“With Europe’s struggle far from over and signs of a slowdown in China, the world’s second largest consumer, the road ahead could be bumpy for oil prices,” Glen Ward, head of retail derivatives at London Capital Group Ltd. said in a note.

Crude for December delivery was at $98.31 a barrel, down 68 cents, in electronic trading on the New York Mercantile Exchange at 11:37 a.m. London time. Prices rose 5 percent last week and have increased for six consecutive weeks, the longest run of gains since April 2009.

Brent oil for December settlement declined 72 cents to $113.44 a barrel on the London-based ICE Futures Europe exchange. The more-active January contract was 64 cents lower at $112.29. December futures, which expire tomorrow, traded at a premium of $15.25 to New York crude, compared with a record $27.88 on Oct. 14.

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11.14.2011

Great Northern Wins Two Paperboard Packaging Council Awards

Great Northern Corporation, a designer and manufacturer of consumer packaging and in-store displays, won two National Paperboard Packaging Competition awards at the annual Paperboard Packaging Council's fall meeting with its StrataGraph® brand of laminated paperboard product.

In its 68th year of recognizing the best in paperboard packaging, 117 packages were submitted in the award competition's main category. To be eligible for the National Paperboard Packaging Competition, packages must consist of 50 percent paperboard that is visible to the end user and be designed to distribute, market and protect a product.

Entries were evaluated by seven judges based on the package's objectives, materials used and design, printing, and converting process; the package's impact on production, manufacturing, distribution, storage and warehousing, economics, sustainability, brand enhancement and marketing; and the package's impact at the retail store shelf.

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11.14.2011

North America’s Sustainable Forestry Initiative Endorsed by PEFC

The Sustainable Forestry Initiative® (SFI®) Inc. announced today its forest certification standard has once again met the rigorous third-party assessment of the Programme for the Endorsement of Forest Certification (PEFC).

"PEFC International's endorsement reinforces our position as an internationally respected programme with tough requirements to strengthen forest practices and support communities across North America," said SFI President and CEO Kathy Abusow. "We are proud to be recognized by PEFC, and to be part of a global network with national members in 34 countries who share our commitment to sustainable forest management."

Independent, non-profit SFI Inc. manages the largest single forest standard in the world – the 195 million acres/79 million hectares certified to the SFI 2010-2014 Standard in North America account for one-third of PEFC's total certified area. The PEFC endorsement means fibre from SFI-certified forests will continue to be accepted as certified content for both PEFC and SFI Chain of Custody labels.

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11.14.2011

China Shengda Packaging Group Inc. Announces Third Quarter 2011 Results

China Shengda Packaging Group Inc., a leading Chinese paper packaging manufacturer, today announced its financial results for the three months ended September 30, 2011.

"Volumes were 8% ahead of the same quarter last year and revenues 9% higher. Average selling prices were marginally higher overall. We are pleased that we increased our presence in the market place through higher levels of shipments," Mr. Daliang Teng, Chief Executive Officer of China Shengda Packaging, commented. "Despite the growth in revenues, labor and raw material cost pressures persisted and our margins were lower as we absorbed some of those higher costs. Even so, early in the fourth quarter, raw materials prices appear to be softening and we expect to meet our full year guidance for both sales and EPS."

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11.14.2011

Joint Approach Towards An Innovative Sustainable Packaging Solution

Innovia Films and Sappi Fine Paper Europe have joined forces to demonstrate potential laminate structures, using their respective products, suitable for end users in the food, confectionery and pharmaceutical industries. These laminates provide technical functionality in addition to being made from renewable resources and offering compostability – a focus which many packaging end users are keen to pursue.

Both companies recognise that the best end-of-life options for flexible paper/film laminates are either industrial, home composting or ultimately anaerobic digestion which turns waste into a useful energy source, compared to current landfill or incineration solutions.

Innovia Films with its NatureFlex™ product range, brings its unique expertise in manufacturing renewable and compostable cellulose-based films with tailored moisture and barrier properties.

Sappi brings its expertise in manufacturing flexible packaging papers and now offers coated and uncoated compostable paper options; Algro® Nature is a unique compostable one side coated paper; Leine® Nature is an uncoated equivalent, which is also compostable.

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11.14.2011

Presstek Announces $11.2 Million in Profit Improvement Actions and Expects Return to Positive Adjusted EBITDA in 2012

Presstek, Inc., a leading supplier of digital offset printing solutions to the printing and communications industries, today announced $11.2 million in annualized profit improvement actions and expects to return to positive adjusted EBITDA in the first quarter of 2012. The Company also reported financial and operating results for the third quarter ended October 1, 2011. (See "Information Regarding Non-GAAP Measures")

Profit Improvement Actions The Company announced today that a major profit improvement initiative, launched in the third quarter of 2011, is expected to provide $11.2M in 2012 savings. Although second half 2011 earnings will see some improvement from these actions, the majority of the benefits will be realized beginning in the first quarter of 2012.

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11.11.2011

Brazil applies temporary antidumping measure against LWC from US, Finland, Sweden, Belgium, Canada and Germany

(RISI) - The Brazilian foreign trade chamber approved yesterday a provisional antidumping measure against lightweight coated (LWC) paper imported from the USA, Finland, Sweden, Belgium, Canada and Germany. The ruling, which was requested by Brazil's sole local LWC producer Stora Enso, centers on imported LWC with basis weights of 50-72 g/m² and 60-95% brightness, made of at least 50% mechanical pulp and imported under the NCMs (Common Mercosul Nomenclature) 4810.22.90.

The charges will apply as a fixed value in dollars per tonne, varying according to country and producer. All LWC from the US will be charged an import tariff of $161.72/tonne, while Finnish LWC exported to Brazil will pay extra $132.86/tonne apart from UPM-Kymmene ($74.14/tonne); Stora Enso Oyj ($69.04/tonne) and Sappi ($132.86/tonne).

All Swedish LWC will be charged $120.37/tonne, while German suppliers must pay $101.71/tonne, with the exception of Norske Skog Walsum, which will pay duties of $26.82/tonne and Stora Enso Kabel ($101.71/tonne). Belgium LWC importers will face duties of $72.34/tonne, with Sappi Lanaken paying $64.68/tonne. Volumes from Canada will receive a $137.95/tonne increase.

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