Paperclips Blog | Wausau Paper Results

  • 03.22.2013

    Union strikes at Port Angeles paper mill

    PORT ANGELES, Wash. — Union members at a Port Angeles paper mill are on strike.

    Members of the Association of Western Pulp and Paper Worker local walked off the job Wednesday at Nippon Paper Industries USA in a contract dispute.
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  • 03.21.2013

    Walgreens profit rises in Q2; unveils blockbuster partnership

    New York -- Walgreens reported a better-than-expected profit on flat sales for its second quarter Tuesday morning and unveiled an expanded partnership with AmerisourceBergen that could give the pharmacy operator an equity position and seat on the drug wholesaler’s board.

    Sales during the company’s second quarter ended Feb. 28, were flat at nearly $18.7 billion with samestore prescription sales down 2.7% and same-store front end sales down 2.6%. The prior-year comparison period included an extra day in February 2012. However, earnings per share adjusted to exclude several one-time charges increased 9% to 96 cents, three cents better than consensus forecasts, from 88 cents the prior year. Adjusted net income increased 19.3% to $915 million from $767 million.
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  • 03.21.2013

    Report: Sam's Club, Amazon tops in retail customer experience

    Waban, Mass. -- Research results released Tuesday by consulting firm Temkin Group revealed, among retailers, Sam’s Club and Amazon earned top marks.

    According to the 2013 Temkin Experience Rankings which queried 10,000 U.S. consumers about customer service issues across 246 companies in 19 industries, Sam's Club and Amazon earned the top spots in the retail sector and RadioShack was the lowest rated retailer for the third consecutive year.
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  • 03.21.2013

    DSW Q4 profit increases

    Columbus, Ohio -- DSW Inc. reported Tuesday that net income for the quarter ended Feb. 2 rose to $31.4 million from $23.1 million in the year-ago period. Sales for the fourth quarter increased 15.7% to $594.3 million, and same-store sales rose 3.6%.

    For the full year, profit increased to $152.2 million, from $136.1 million in the prior fiscal year. Sales rose 11.5% to $2.26 billion from $2.02 billion.

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  • 03.21.2013

    Rona appoints former Metro exec as new president and CEO

    Boucherville, Quebec, Canada -- Canadian home-improvement chain Rona Inc. announced Tuesday it has named Robert Sawyer as president and CEO, effective next month.

    Sawyer was previously an executive at grocery chain Metro Inc.

    Rona’s acting CEO Dominique Boies will remain as company CFO.
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  • 03.21.2013

    Meijer expands Made in Michigan initiative

    Grand Rapids, Mich. — Meijer has expanded its program that supports Michigan small businesses to feature 55 new Michigan-made grocery products in all its stores statewide, Meijer co-chairman Doug Meijer announced Tuesday.

    "Meijer is committed to supporting Michigan businesses, and the Made in Michigan initiative is a great opportunity to highlight some fantastic small businesses throughout the state," Meijer said. "The response we received from our customers last year about this initiative was overwhelming, which is why we decided to further invest and expand this selection into all our Michigan stores."
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  • 03.21.2013

    Wendy’s to expand into Equador

    Dublin, Ohio -- The Wendy's Co. announced Tuesday an agreement with The Eljuri Group to develop 20 Wendy's restaurants in Ecuador.

    As the largest business group in Ecuador, Eljuri said it expects to open the first two Wendy's locations in 2013 in Guayaquil, a coastal city with a population of 2.3 million people.
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  • 03.20.2013

    Aeropostale posts Q4 loss; will open 60 kids stores in 2013

    New York -- Aeropostale Inc. reported an unexpected loss for its fourth quarter, hurt by declining same-store sales and store asset impairment charges. The teen apparel chain also forecast a loss for the current quarter, citing markdowns and a weak economy.

    "We anticipate a challenging first quarter as a result of expected margin pressures from holiday carryover inventory, and the impact of a weak macroeconomic environment,” said Aeropostale CEO Thomas Johnson.
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  • 03.20.2013

    Destination XL Group profit falls; to open 230 DXL stores by 2016

    Canton, Mass. -- Destination XL Group reported Friday that net income for the quarter ended Feb. 2 dropped to $4.2 million from $33.5 million in the year-ago period, as the company continued its transition from Casual Male to Destination XL.

    Fourth-quarter revenue increased to $114.9 million, compared with $111.1 million last year, and same-store sales edged up 0.5%. By brand, DXL stores saw a same-store sales rise of 15% in the quarter, while Casual Male dipped 2.3%.
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  • 03.20.2013

    H&M amping up U.S. expansion

    New York -- Swedish fast-fashion powerhouse H&M is revving up its U.S. expansion. The retailer opened 40 stores in the United States in 2012, and hopes to open even more this year, according to a report in Women’s Wear Daily.

    H&M, as previously reported, will open a 42,500-sq.-ft. flagship at 4 Times Square, in Manhattan, that will boost an enormous LED billboard signage display. The retailer will also open a store on Fifth Avenue at 48th Street that, at 57,000 sq.-ft., will be its largest in the world to date.
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  • 03.20.2013

    Caribou Coffee no longer to open shops inside J.C. Penney

    Minneapolis -- A Friday report by Bloomberg said that coffee purveyor Caribou Coffee has lost interest in opening shops inside J.C. Penney Co. stores.

    The revelation comes just six months after Penney CEO Ron Johnson announced Caribou Coffee as a potential partner.

    Caribou CEO Mike Tattersfield said in a Friday emailed statement that the company “does not have plans to move forward with a partnership at this time.” Tattersfield has not elaborated on the reasons for the change of heart.
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  • 03.20.2013

    Zumiez Q4 profit up 22%; 60 new stores planned for 2013

    Lynwood, Wash. -- Zumiez Inc. said Thursday its fiscal fourth quarter net income rose 22.1% to $22.9 million on improved sales.

    Revenue for the quarter, ended Feb.2, (14 weeks) increased to $224.4 million from $183.9 million in the year-ago period (13 weeks). Same-store sales fell 1%.
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  • 03.20.2013

    Hibbett Sports Q4 income up 22%; to open 65 to 70 stores

    Birmingham, Ala. -- Hibbett Sports reported that net income for its fiscal fourth quarter increased a better-than-expected 22.3% to $19.4 million, compared with $15.8 million for the same period last year.

    Net sales for the fourth quarter increased 14% to $217.4 million from $190.7 million in the year ago period. Same-store sales increased 4.9%.
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  • 03.20.2013

    Reports: Costco to expand headquarters

    New York -- Costco Wholesale Corp. will expand its Issaquah, Wash., headquarters, according to published reports on Friday.

    The Seattle Daily Journal of Commerce reported Friday that Issaquah's director of economic development, Keith Niven, said the club retailer would expand the headquarters to take up as much as 1.5 million sq. ft.

    The Tacoma, Wash., News Tribune reported that the company currently takes up three buildings that are full.
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  • 03.20.2013

    Safeway names new EVP retail ops

    Pleasanton, Calif. -- Safeway Inc. said that Bruce Everette, 61, is retiring as EVP retail operations after a 44-year career at Safeway. He will be replaced by Kelly Griffith, currently the president of merchandising.

    “We are deeply grateful to Bruce for his significant and lasting contribution to our company's success," said chairman and CEO Steve Burd. "He is the consummate operating executive whose results and people-oriented approach to the business leave an unmistakable imprint on who we are as a company."
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  • 03.19.2013

    Annual plastic packaging spend to reach $161.11bn

    Driven by growth in developing markets, the global rigid plastic packaging market will reach $161.11bn in 2013, experts predict.

    According to a new analysis from Visiongain, these emerging markets will be characterised by clear immaturity and strong economic growth and this will increase the quality and quantity of consumer purchases. The low labour costs will also incentivise multinationals to expand the scale of their operations in these markets.
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  • 03.19.2013

    International Paper Company Price Target Raised to $14.50 at Raymond James

    International Paper Company (NYSE: IP) had its price target increased by Raymond James from $13.50 to $14.50 in a research note released on Thursday morning.

    A number of other analysts have also recently weighed in on IP. Analysts at Canaccord Genuity raised their price target on shares of International Paper Company from $11.00 to $13.00 in a research note to investors on Thursday. They now have a buy rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of International Paper Company from $12.00 to $9.00 in a research note to investors on Wednesday, March 13th. They now have a sector perform rating on the stock. Finally, analysts at Longbow Research reiterated a buy rating on shares of International Paper Company in a research note to investors on Wednesday, March 13th. They now have a $56.00 price target on the stock.
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  • 03.19.2013

    Crude oil futures fall sharply on Cyprus bailout woes, firm dollar

    Crude oil futures came under heavy selling pressure during European morning hours on Monday, as appetite for growth-linked assets weakened after news of a bailout deal for Cyprus sparked fresh concerns over the sovereign debt crisis in the euro zone.

    Oil prices struggled further due to a stronger U.S. dollar, as dollar-priced commodities become more expensive to investors holding other currencies when the greenback gains.

    The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was up 0.6% to trade at 82.89.
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  • 03.19.2013

    Meredith Expands Reach of Popular Media Brands to Turkey And Italy

    DES MOINES, Iowa and NEW YORK, March 18, 2013 /PRNewswire/ -- Meredith Corporation (NYSE:MDP; www.meredith.com), a leading global media and marketing company serving women, announced several agreements that expand the reach of its popular media brands in Turkey and Italy.  


    In Turkey, Istanbul-based Dinosaurs Yayincilik ve Dijital Medya Ltd. will launch local editions of three Meredith brands: Better Homes and Gardens, Parents and More.  All three will be published under license in the Turkish language, with distribution planned via subscriptions and newsstands throughout the country.  The titles are expected to launch in April 2013.

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  • 03.19.2013

    Hastings Entertainment, Inc. Reports Results for the Fourth Quarter of Fiscal 2012

    AMARILLO, Texas, March 18, 2013 /PRNewswire/ -- Hastings Entertainment, Inc. (NASDAQ: HAST), a leading multimedia entertainment retailer, today reported results for the three months and fiscal year ended January 31, 2013.  Net income was approximately $1.2 million, or $0.15 per diluted share, for the three months ended January 31, 2013 compared to a net loss of approximately $8.4 million, or $1.00 per diluted share, for the three months ended January 31, 2012.  Net loss was approximately $9.3 million, or $1.14 per diluted share, for the fiscal year ended January 31, 2013 compared to a net loss of $17.6 million, or $2.05 per diluted share, for the fiscal year ended January 31, 2012.
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  • 03.18.2013

    Suzano Price Increase - Paperboard

    Please be advised that effective withe May Production orders, Suzano Pulp and Paper will increase the prices on all Paperboard Grades $50 Per Ton.
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  • 03.18.2013

    Printing firm closing, laying off 57

    RR Donnelley & Sons Co. told the state of Ohio it expects to close its Sycamore Township facility and lay off 57 workers.

    The Chicago-based commercial printing firm said the layoffs could start May 13 and be complete by the end of the month.

    The notice was sent pursuant to the Worker Adjustment and Retraining Notification Act.

    RR Donnelley told the state earlier this month that it would close a facility in Greenfield in Highland County, Ohio, and lay off 166 workers starting May 6.

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  • 03.15.2013

    January 2013 US commercial printing shipments up +2.4% compared to 2012

    January 2013 commercial printing shipments were $6.3 billion, up +$148 million (+2.4%) compared to 2012. On an inflation-adjusted basis, shipments were up +$50 million (+0.8%). This followed a poor December, where shipments were down -3.4% in current dollars. The December decrease and January increase may have been affected by small and mid-size businesses delaying expenses until January as part of their management of new tax laws.

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  • 03.15.2013

    American Forest and Paper Association launches new initiative

    In keeping with the forest product industry’s legacy as a leader in sustainability, the American Forest & Paper Association (AF&PA) has announced a new initiative called “Better Practices, Better Planet 2020: Continuing AF&PA’s Commitment to Sustainability”

    This comprehensive set of quantifiable sustainability goals is the most extensive to date for a major U.S. manufacturing industry.

    With Better Practices, Better Planet 2020, the industry has set specific, challenging goals for increasing recovery of paper for recycling, increasing energy efficiency, reducing greenhouse gas emissions and promoting sustainable forestry practices, while continuing to strive for the safest workplaces possible.

    What does this mean for paper recycling?

    To remain a sustainability leader, the industry has set a goal to further increase recovery for recycling to exceed 70 percent by 2020. Industry-led efforts to increase paper recovery for recycling are among the best examples of how we are protecting our environment and meeting our economic and social commitments.
    •The paper industry has led the way by setting and achieving incremental paper recovery goals since 1990.  In the 20 years since, the recovery rate has nearly doubled.
    •In 2011, 66.8 percent of the U.S. paper consumed was recovered. By comparison, according to the EPA municipal solid waste data, only 27.1 percent of glass, 19.9 percent of aluminum and 8.2 percent of plastics consumed were recovered for recycling in 2010.
    •In 2010, 87 percent of the population had access to curbside and/or drop-off paper recycling
    •To help educate students and their families about the importance of paper recycling, AF&PA carried out programs in conjunction with Kaleidoscope and Keep America Beautiful to deliver curricula straight to the classroom.  Further, the annual AF&PA Recycling Awards recognize outstanding business, community and school paper recycling programs.

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  • 03.15.2013

    Twin Rivers Paper Company Releases Acadia® Lidding

    Twin Rivers Paper Company, a leader in lightweight specialty packaging, label and publishing papers, releases Acadia® Lidding, an uncoated, high-finish packaging paper for lidding applications. Acadia Lidding provides the smoothness and blister-resistant characteristics that ensure optimal convertibility for applications such as yogurt and creamer lids.

    “We are committed to developing products that meet the unique needs of our customers. The release of Acadia Lidding reflects our ongoing commitment to the specialty packaging market segment,” says Bruce Wellman, Director of Product Development, R&D and Technical Services.
     
    Twin Rivers offers a comprehensive portfolio of specialty packaging papers that are known for their excellent printability and convertibility, with high performance in secondary processes such as coating, waxing, foil and film laminating, and metallizing. Acadia®, an uncoated machine-finished paper, is available in a basis weight range of 15-75 lbs. and Bladepak® C1S coated paper is available in a basis weight range of 35-73 lbs. All are FDA-compliant, meeting the requirements for direct food contact.

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  • 03.15.2013

    Sonoco ThermoSafe Launches Certis® Silver Universal CRT Design-Qualified Shippers

    Sonoco ThermoSafe, a unit of Sonoco and the leading global provider of temperature assurance packaging, has launched the new Certis Silver Universal CRT (controlled room temperature) design-qualified shipper series to ensure ambient thermal protection for pharmaceuticals, biologics, vaccines and other high-value products.

    "Increasing global regulations are requiring that the shipments of pharmaceuticals and other high-value biologics must uphold strict temperature control to comply with each product's labeled storage requirements," said Russell Grissett, vice president, Sonoco ThermoSafe. "A regulatory focus on strict compliance to storage temperature limits has increased the demand for controlled room temperature shipping solutions.  The new Certis Silver Universal CRT series has been designed to fulfill this emerging market need," continued Russell.
     
    "Our Certis Silver Universal CRT Shippers are design-qualified to our real-world ISCsilver® ambient profile to ensure absolute thermal protection. These EPS insulated containers utilize PureTemp™ advanced phase change materials that provide a consistent 15- to 25-degree Celsius temperature control for up to four days," mentioned Prakash Mahesh, vice president, Sales and Marketing.
     
    Certis CRT shippers are capable of holding a 14-liter payload for 72-hour duration and an 11-liter payload for 96-hour durations when packed with the same component configuration regardless of the season.

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  • 03.15.2013

    Grigiskes to Install New Paper Machine in Lithuania

    Lithuanian paper producer Grigiskes AB said that it intends to install a paper machine at its mill in Vilnius, Lithuania. This will be the third stage of the company's investment program previously announced in April 2011 by the company's President, Gintautas Pangonis.

    As part of the third stage, Grigiskes and SEB bank AB on Feb. 20 signed a loan agreement for LTL 35 million (EUR 10.1 million).

    In 2012, Grigiskes completed the first stage of the investment program by investing LTL 20.5 million (EUR 5.9 million) to rebuild and put into operation a new corrugated cardboard production line. The second stage included an investment of LTL 12.5 million (EUR 3.6 million) to increase the output of the paper mill with the addition of four new paper processing production lines.

    The loan signed on Feb. 20 will be used to purchase a new paper machine, Grigiskes said.

    The machine installation project will take two years and will involve more than LTL 53 million (EUR 15.3 million), the company said.

    Start-up of the new machine is expected by the end of 2014.

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  • 03.15.2013

    Mag Bag: Conde Nast Unveils Video Offerings, Promotes Wintour

    Condé Nast had a busy week, with a veritable raft of new products and staffing news. On Wednesday, Condé Nast revealed that Anna Wintour, the iconic editor in chief of Vogue immortalized in “The Devil Wears Prada,” has been given yet another role with sweeping responsibilities --artistic director for the entire company. Wintour will continue in her previous roles as EIC of Vogue and editorial director of Teen Vogue.
     
    Also this week, Condé Nast Entertainment, the company’s new video division, unveiled its first online video offerings, with new video players for GQ and Glamour. The new players feature original lifestyle and fashion content, which will also be distributed across Web, IPTV, mobile and tablet channels.
     
    Original content on the GQ channel includes The Ten, highlighting must-have items for men, Car Collectors, featuring celebrities and their cars, and Fighting Weight, devoted to fitness. The Glamour video content includes a Fashion Week Ride-Along with Cindi Leive; Elevator Makeovers, with quick beauty tips; and “Why Do Guys,” plumbing the mysteries of the male mind.  The Glamour and GQ branded series are being launched with exclusive sponsorship by Procter & Gamble, Microsoft and Mondelz International.
     
    On the ad tech front, this week Condé Nast joined The New York Times Co.’s Ricochet, a digital platform that allows advertisers to pair their ads with specific pieces of editorial content for sharing via social media, email, and other channels. 
     
    Separately, Macy’s is launching a new fashion line for young women called Teen Vogue through a licensing deal with Condé Nast, which publishes the magazine. According to Women’s Wear Daily (which is also owned by Advance Publications), the fashion line was developed by Macy’s in collaboration with editors from the magazine.
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  • 03.15.2013

    FIT by Finch Helps Ricoh InfoPrint® 5000 Family of Platforms Print To G7 Specs

    Finch Paper’s FIT Color Management & Workflow Services team recently spent three days at Ricoh’s Solutions Center in Boulder, CO assisting their digital output solutions team in achieving consistent, G7 Color on their flagship InfoPrint aqueous continuous form inkjet platforms, the InfoPrint 5000 family.
     
    FIT’s innovative, collaborative work with Original Equipment Manufacturers like Ricoh helps to ensure our print customers’ success as they adapt to new printing technologies.
     
    Integrating G7 gray balance into Ricoh’s aqueous inkjet workflow allows for consistent color output, from machine-to-machine and job-to-job, as well as ensuring color balance on Finch’s various substrates.
     
    Finch Digital Application Manager Mary Schilling, who leads the FIT color team, said “The Ricoh team has designed a user-friendly machine workflow which allows the creation of custom color profiling for its InfoPrint 5000 platforms.”
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  • 03.15.2013

    Destination XL Group, Inc. Reports Fourth-Quarter and Fiscal 2012 Financial Results

    Destination XL Group, Inc., the largest multi-channel specialty retailer of big & tall men's apparel and accessories, today reported operating results for the fourth quarter and fiscal year ended February 2, 2013 ("fiscal 2012").

    Highlights
    •Comparable fourth-quarter sales increased 0.5% and total fourth quarter sales increased to $114.9 million compared with $111.1 million in the fourth quarter of fiscal 2011. Full year comparable sales increased 1.5% and 2012 total sales were $399.6 million compared with $395.9 million in 2011.
    •Comparable fourth quarter sales for Destination XL® (DXL®) stores were up 15.0%, while comparable fourth quarter sales for Casual Male XL retail and outlet stores decreased 2.3%.  In the quarter, the DXL stores represented 18.0% of the Company's comparable retail store sales. Comparable fourth quarter sales from the e-commerce platform increased approximately 13.0%.
    •Income from continuing operations, on a diluted basis, for the fourth quarter was $0.09 per share, as compared to $0.71 per share for the fourth quarter of fiscal 2011. Adjusted income from continuing operations for the fourth quarter of fiscal 2011, before the reversal of the Company's valuation allowance and trademark impairment, was $0.08 per share. (See below for non-GAAP reconciliation.)
    •For the full year, income from continuing operations, on a diluted basis, was $0.17 per share compared with $0.93 per share for fiscal 2011. Before the reversal of the Company's valuation allowance and trademark impairment, adjusted income from continuing operations was $0.22 per share in 2011. 
    •Opened 14 Destination XL stores and closed 34 Casual Male XL stores in the fourth quarter of 2012, reaching 48 DXL stores at the end of the year towards its goal to transform its business with 215 to 230 DXL stores by 2016.

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  • 03.15.2013

    Report Shows Continued Environmental Improvement in U.S. Book Industry

    A new report by the Book Industry Environmental Council (BIEC) and Green Press Initiative indicates that the U.S. book industry has continued to make progress towards reducing the environmental impacts of books including impacts on forests and climate change. Among the most notable findings was that paper producers who supply book papers reported using an average of 24% recycled fiber, almost a fivefold increase from 2004 when they were believed to be using around 5% recycled fiber.

    The report, which is available online at www.bookcouncil.org and www.greenpressinitiative.org is based on surveys issued to U.S. publishers as well as the printers and paper manufacturers in North America who supply them. Surveys of paper manufacturers also indicate that about 16% of book papers produced are certified by the Forest Stewardship Council (FSC) and an additional 40% of book papers are certified by the Sustainable Forestry Initiative (SFI).
     
    The report also finds that 82% book publishers surveyed now have environmental policies compared 59% in 2006. While there has been substantial growth in the number of publishers with environmental policies, only 52% of publishers’ policies include specific targets for increasing the use of recycled fiber, about the same percentage as in 2006 when 54% of publisher policies contained specific recycled fiber targets.
     
    Todd Pollak, Program Manager at Green Press Initiative which coordinates the BIEC says “the data indicate continued focus on environmental initiatives within the book industry and continued improvement across a wide range of environmental metrics. Despite these positive trends there is more work that needs to be done to ensure that books are not impacting some of the Earth’s most critical ecosystems.”
     
    The report also concludes that as a result of the increase in recycled fiber and the decrease in total paper consumption, the book industry has dramatically reduced greenhouse gas emissions in recent years meeting a goal established by the BIEC years ahead of the target date. The BIEC had previously established a target of reducing book industry emissions 20% below a 2006 baseline by the year 2020; however, the report estimates that climate changing emissions were reduced by at least 25% between 2006 and 2010.

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  • 03.15.2013

    AAA Fuel Gage & Exchange Rates

    AAA Fuel Gage 3/15/13
    National Unleaded Regular:
    Current Average - $3.695/gallon
    Month Ago Average - $3.618/gallon
    Year Ago Average - $3.821/gallon
    Highest Recorded Average - $4.114/gallon on 7/17/08
    Diesel:
    Current Average - $4.072/gallon
    Month Ago Average - $4.075/gallon
    Year Ago Average - $4.122/gallon
    Highest Recorded Average - $4.845/gallon on 7/17/08

    Current Exchange Rates as of 3/15/13
    American Dollar to Canadian Dollar = 0.979627
    American Dollar to Chinese Yuan = 0.160800
    American Dollar to Euro = 1.306531
    American Dollar to Japanese Yen = 0.010402
    American Dollar to Mexican Peso = 0.080562

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  • 03.15.2013

    WTI Oil Rises a Second Day; Brent Premium Set for Weekly Decline

    West Texas Intermediate oil rose for a second day, heading for a second weekly advance. Brent crude’s premium to the U.S. benchmark grade is poised for the biggest weekly drop in 11 months.

    WTI futures climbed as much as 0.4 percent in New York after gaining 0.6 percent yesterday, the most in a week. OPEC will increase daily crude exports by 300,000 barrels to 23.75 million in the four weeks to March 30 as refineries in Europe and the U.S. resume after maintenance and boost demand, according to Oil Movements, a tanker tracker. Brent oil is headed for a weekly decline.

    “In the U.S., we’re exiting the refinery turnaround period and heading into the summer demand season,” said Anthony Nunan, a senior adviser for risk management at Mitsubishi Corp. (8058) in Tokyo. “With the glut in the U.S. Midcontinent being gradually relieved because of pipeline capacity build out, it looks like WTI is going to stabilize and maybe come up. WTI is much more constructive, whereas Brent really looks like it’s on a downtrend.”

    West Texas oil for April delivery rose as much as 34 cents to $93.37 a barrel in electronic trading on the New York Mercantile Exchange and was at $93.25 at 3:17 p.m. Singapore time.

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  • 03.14.2013

    Plastic film recycling rises to 1 billion lb annually

    The recycling of plastic film climbed 4% to reach 1 billion pounds annually in 2011 for the first time, according to the recently released “2011 National Postconsumer Plastic Bag & Film Recycling Report.” The category of “plastic film” includes plastic bags, product wraps, and commercial shrink film. The report, developed by Moore Recycling Associates, Inc. on behalf of the American Chemistry Council (ACC), noted that the recycling of plastic film has grown 55% since just 2005.

    According to the report, approximately 58% of U.S.-recovered postconsumer film was consumed domestically in 2011—up from 53% in 2010—largely due to growth in the plastic and composite lumber industry, the primary market for this material. The composite lumber industry showed a 120 million-pound increase in consumption from 2010 to 2011 to reach 55% of the total market for recovered film. Consumption of postconsumer plastic film by the film and sheet industry, the second largest market for this material, held steady at 100 million pounds, or 16% of the total market.

    Recycled polyethylene film is used to make a range of products, including durable plastic and composite lumber for outdoor decks and fencing, home building products, garden products, crates, pipe, and new film packaging like plastic bags.

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  • 03.14.2013

    Mercer Intarnational Inc. Reports Record 2012 Results

    Mercer International Inc. today reported results for the fourth quarter and for the year ended December 31, 2012.

    Total revenues for 2012 decreased to €834.1 million ($1,072.7 million) from €899.5 million ($1,252.0 million) in 2011. Pulp revenues for 2012 decreased by approximately 8% to €761.9 million from €831.4 million in 2011, primarily due to lower average pulp sales realizations, partially offset by higher pulp sales volumes and a stronger U.S. dollar relative to the Euro.

    Energy and chemical revenues increased by approximately 6% in 2012 to an annual record of €72.3 million from €68.1 million in 2011, primarily as a result of record pulp production.

    Pulp sales volumes increased by approximately 3% to a record 1,473,519 ADMTs in 2012 from 1,427,924 ADMTs in 2011, primarily as a result of increased sales to China. Average pulp sales realizations decreased by 11% to €511 per ADMT in 2012, compared to €574 per ADMT in 2011, primarily due to lower pulp prices, only partially offset by a stronger U.S. dollar relative to the Euro.

    Costs and expenses in 2012 marginally decreased to €785.1 million, compared to €788.4 million in 2011, primarily due to lower costs for fiber, partially offset by higher pulp sales volumes.

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  • 03.14.2013

    Mayr-Melnhoff Karton Annual Result 2012

    In 2012 the Mayr-Melnhof Group was able to continue its successful performance of previous years with a further increase in the profit for the year. Both divisions, MM Karton and MM Packaging, made a substantial contribution to this. By focusing on the highly efficient production of consumer goods, we have been able to maintain long-term profitability in a period of continuing economic slowdown and despite non-recurring expenses related to the closure of a plant. Although customers have been planning with increasing caution, we have ensured that the capacity utilization for our plant and equipment remained at a high level by being very flexible. Focusing on the future, we have invested in projects for the reduction of direct costs and further growth. The strategic expansion into future growth markets outside of Europe was taken into account with an acquisition in Colombia, where we are now the market leader. In Europe we succeeded in securing our leading position and selectively expanding our market share. Due to the positive results, it is intended to increase the dividend per share from EUR 2.10 to EUR 2.25.

    At EUR 1,952.2 million the Group’s consolidated sales almost reached the previous year's record level (2011: EUR 1,959.6 million).

    Operating profit was at EUR 166.1 million, by 2.8 % or EUR 4.8 million lower than in the previous year (2011: EUR 170.9 million), whereby non-recurring expenses in the net amount of around EUR 9.0 million related to the closure of the packaging plant in Liverpool, England, had to be accounted for. However, at 8.5 % the Group’s operating margin almost reached the previous year's level (2011: 8.7 %). The Return on Capital Employed amounted to 17.1 % (2011: 18.6 %).

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  • 03.14.2013

    Are Higher Postal Rates in Your Future?

    Marketers should not be surprised at being hit with sharp increases in postal rates if Congress, postal unions, and regulators cannot agree on a self-sustaining survival plan for the U.S. Postal Service (USPS). The heads-up was delivered to Direct Marketing Association (DMA) members yesterday by Postal Regulatory Commission general counsel Steven Sharfman.
     
    “It could be coming within the next 12 to 18 months,” Sharfman warned. “It's just that no one talks about it.”
     
    The USPS finds itself in troubled waters, attempting to cut costs and right itself in the middle of a government breakdown. “It is  losing a great deal of money, and most of the fat is cut,” Sharfman told attendees at the DMA in DC conference in Washington DC. “There's little desire to spend money on Capitol Hill, so if they need to bail out the Postal Service, it's possible mailers will be asked to pay more money.”
     
    The USPS last year closed several processing centers and post offices and curtailed hours at rural post offices, carving $500 million to $600 million from its budget. Future cuts, however, could be in a holding pattern. Postmaster General Patrick Donahoe wants to continue shuttering facilities, but the USPS's original directive from the PRC was to wait a year to evaluate the effect of the first round of closures before making more. And with a possible government shutdown looming, it's possible that Donahoe's plan to eliminate Saturday mail delivery could be temporarily shelved.
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  • 03.14.2013

    WTI Oil Heads for Two-Week High; Brent Spread at Seven-Week Low

    West Texas Intermediate rose, heading for the highest settlement in two weeks and shrinking Brent crude’s premium to the U.S. benchmark grade to the narrowest in almost two months.

    WTI futures climbed as much as 0.5 percent in New York, while Brent was little changed in London. The differential between the two grades shrank after an Energy Department report yesterday showed supplies at Cushing, Oklahoma, the delivery point for Nymex futures, fell the most since May 2011. Total U.S. crude stockpiles climbed to the highest for the time of year in records dating back to 1982.

    “We have a repeat of yesterday where we are starting the session bouncing from a relatively low level,” Ole Hansen, the head of commodity strategy at Saxo Bank A/S, said today by telephone from Copenhagen. “This morning we are having a little bit of a bounce, but lots of the focus is on the spread between the two crude varieties which has come down to $16.”

    WTI for April delivery rose as much as 50 cents to $93.02 a barrel in electronic trading on the New York Mercantile Exchange and was at $92.73 at 9:33 a.m. London time. The volume of all futures traded was little changed from the 100-day average. The contract lost 2 cents yesterday after climbing to $92.54 on March 12, the highest settlement since Feb. 27.

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  • 03.14.2013

    McClatchy to Acquire Media Analytics Firm Tru Measure

    The McClatchy Company announced today that it has signed an agreement to acquire Tru Measure, a media measurement and analytics firm based in Crested Butte, Colorado. McClatchy expects to complete the acquisition by the end of the month. Financial terms were not disclosed.

    Founded in 2009, Tru Measure provides media companies and their advertising customers with tools and technology to better measure and track the effectiveness of digital advertising campaigns and consumer engagement.

    Tru Measure has partnered with McClatchy since 2010. Its products are a key component of McClatchy’s recent impressLOCALTM initiative, which provides small and medium-sized advertisers with the digital tools and support necessary to successfully market their businesses online. impressLOCALTM debuted at McClatchy newspapers in Kansas City and Fort Worth in 2012 and is being rolled out to several additional McClatchy markets in 2013.

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  • 03.14.2013

    UPM wins Sustainable Biofuels Award in Rotterdam

    UPM has received the Sustainability Award 2013 for Breakthrough Innovation in Technology in Rotterdam, the Netherlands. The award which recognises the innovation that is taking place in the development of truly sustainable and renewable fuels is presented by the World Biofuels Markets Congress & Exhibition. 

    UPM Biofuels received the Sustainable Biofuels Award due to its success in developing an innovative production process for an advanced renewable diesel, UPM BioVerno.  So even before it goes live, UPM’s renewable diesel production process has won a major international prize.

    The award was judged by an elite panel of independent industry experts. According to reasoning, UPM was the winner of the Breakthrough Innovation in Technology Award because of the UPM BioVerno product characteristics corresponding to traditional fuel with the greenhouse gas emissions being reduced by up to 80%.

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  • 03.14.2013

    International Paper Raises Carolina C1S Blanks Pricing

    Effective with shipments on or after March 28, 2013, we are increasing program pricing for Carolina® C1S Blanks 14pt – 28pt by $2.50/cwt.
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  • 03.14.2013

    Coldwater Creek Announces Fourth Quarter and Fiscal Year 2012 Results

    Coldwater Creek Inc. today reported financial results for the quarter and fiscal year ended February 2, 2013.

    Fourth Quarter of Fiscal 2012 Operating Results
    • Consolidated net sales were $220.8 million, compared with $224.4 million in fourth quarter 2011, which included net sales of $11.8 million as a result of a favorable cumulative one-time adjustment for gift card breakage income. Net sales from the retail segment were $166.0 million, compared with $173.5 million in the same period last year. Comparable premium retail store sales increased 2.7 percent. Net sales decreased due to store closures as a result of our store optimization program and the impact of $10.7 million in net sales from the cumulative one-time gift card breakage recorded in the fourth quarter 2011. Net sales from the direct segment were $54.7 million compared with $50.8 million in the same period last year, which included $1.1 million from the cumulative one-time adjustment for gift card breakage.
    • Consolidated gross profit was $64.1 million, or 29.1 percent of net sales, compared with $73.1 million, or 32.6 percent of net sales, for fourth quarter 2011. The 350 basis point decline in gross profit margin was primarily due to the 370 basis point benefit in the fourth quarter of fiscal 2011 resulting from the cumulative one-time adjustment for gift card breakage. Adjusting for this benefit, gross margin increased 20 basis points driven by leverage of buying and occupancy costs offset by lower merchandise margins.

    Full Year Fiscal 2012 Operating Results
    • Consolidated net sales for fiscal 2012 were $742.5 million, compared with $773.0 million in fiscal 2011. Net sales from the retail segment were $574.4 million, compared with $595.2 million last fiscal year. Comparable premium retail store sales increased 0.8 percent. Net sales from the direct segment were $168.0 million, compared with $177.8 million last fiscal year.
    • Consolidated gross profit increased $3.8 million to $233.1 million, or 31.4 percent of net sales, compared with $229.3 million, or 29.7 percent of net sales, for fiscal 2011. The 170 basis point increase in gross profit margin was primarily due to increased leverage of buying and occupancy costs and higher merchandise margins reflecting improved product performance. Last year's gross margin included a 110 basis point benefit in the fourth quarter of fiscal 2011 from the cumulative one-time adjustment for gift card breakage income.

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  • 03.14.2013

    Fortress Paper Agrees to Sell Dresden Mill

    Fortress Paper Ltd. is pleased to announce that it and its wholly owned subsidiary, Fortress Security Papers AG, have entered into a share purchase agreement with Glatfelter Gernsbach GmbH & Co. KG and its parent, P.H. Glatfelter Co., pursuant to which FSP has agreed to sell all of the shares of its wholly owned subsidiary, Dresden Papier GmbH ("Dresden"), to Glatfelter Gernsbach for an aggregate purchase price of €160,000,000 (CDN$213 million), subject to working capital adjustment. The transaction is expected to close within the second quarter of 2013, but no later than June 30, 2013, and is subject to certain customary conditions, including governmental anti-trust approvals in Germany and the Ukraine.

    Pursuant to the terms of the Share Purchase Agreement, the Company has agreed to guarantee the obligations of FSP and Glatfelter has agreed to guarantee the obligations of Glatfelter Gernsbach thereunder.

    Dresden owns and operates the Company's Dresden Mill, a producer of non-woven wallpaper base paper operating in Germany.

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  • 03.14.2013

    MWV’s Avive Wins Compliance Package of the Year Award

    MeadWestvaco Corporation, a global leader in packaging and packaging solutions, today announced that its Avive® multiple-medication patient adherence solution received the Compliance Package of the Year award from the Healthcare Compliance Packaging Council (HCPC). Patient adherence to prescribed medication regimens is a global challenge, and research shows that approximately half of all patients across the globe do not take their medicines as directed.

    Avive is a patient-customized solution that simplifies daily dosing for customers on multiple medications. It was developed with input from patients and pharmacists. This ready-to-dispense, script-filling pharmacy service is designed to increase medication adherence, provide convenience for patients and allow more time for pharmacist-customer counseling. An HCPC awards judge noted that Avive “truly brings us to a personalized medication approach.”

    The development of Avive is an output of MWV’s long-standing commitment to further awareness of the challenges of medication non-adherence, to understand the underlying causes and to provide solutions to help patients effectively follow their regimens. Studies indicate that medication packaging can play a unique and effective role in patient adherence, reinforcing important information about how to take medications correctly on each and every use. Additional research shows that script synchronization and regimen customization, part of the Avive system, also positively impact patient adherence.

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  • 03.14.2013

    Glatfelter announces global 6% price increase for carbonless sheets

    P.H. Glatfelter Co. has announced a 6% price increase for its carbonless sheets grades sold in all of its global markets.
     
    The increase is effective with shipments on or after April 1.
     
    The affected grades are Excel One carbonless for digital and offset, Xcelerator PLUS digital carbonless, Sequel 30 recycled carbonless, Optica self-contained carbonless, and Fan-Apart adhesive.
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  • 03.14.2013

    Appleton announces 6% carbonless sheets price increase for U.S. and Canada

    Appleton Papers Inc. has announced a 6% price increase for its carbonless sheets sold in the U.S. and Canada, effective with shipments on April 1.
     
    In its notice to customers, Appleton said it will increase prices of NCR PAPER brand products, including all carbonless sheet grades, non-paper products, 8PT coated one-side (C1S) Fluorescents (excluding 18” x 12” digital size), and 10PT C1S Fluorescents.
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  • 03.13.2013

    Transcontinental Inc. increases its revenues and profitability in the first quarter

    Revenues for Transcontinental Inc. were up 8.4% in the first quarter, from $487.6 million to $528.7 million, mainly due to the acquisition of Quad/Graphics Canada, Inc. and Redux Media and the Métro Montréal daily paper in the Media Sector. This increase was, however, partly offset by the termination of the Zellers flyer printing and distribution contract due to the closure of the Zellers stores, and the incentives granted upon the renewal of some contracts in 2012.

    Adjusted operating income rose 6.3% in the first quarter, from $43.0 million to $45.7 million. The increase stems mainly from the synergies obtained from the acquisition of Quad/Graphics Canada, Inc. and the optimization of the operating structure in digital activities. However, the increase was mitigated by the reasons mentioned above. Net income applicable to participating shares rose, from a loss of $33.3 million, or $0.41 per share, to a profit of $17.8 million, or $0.23 per share. Note that last year the loss of $0.41 per share was mainly related to unusual items charged to income in the first quarter of 2012. Excluding unusual items, the adjusted net income applicable to participating shares rose 5.2%, from $27.1 million, or $0.33 per share, to $28.5 million, or $0.37 per share.

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  • 03.13.2013

    TC Transcontinental releases its 4th annual Sustainability Report

    TC Transcontinental today announced the release of the fourth edition of its Sustainability Report entitled “simplify, collaborate, innovate”. The report details the commitments, approach and themes related to corporate governance and environmental, social and economic performance under the Corporation’s 2010-2013 three-year plan. The information provided in the report, with respect to stakeholder concerns and corporate issues, has enabled it to maintain its Application Level B rating from the Global Reporting Initiative (GRI).

    This year, in the area of environment, the Corporation expanded the internal and external scope of its paper purchasing policy by specifying the use of recycled or certified papers for its printing and publishing operations. In fact, the Corporation’s purchases of ecopapers (Gold and Gold Plus) have increased to 67%, exceeding its target of 55%. In terms of social engagement, the Corporation has formalized its donation policy by identifying two priority areas: education and health. As well, it has further improved its lost-time accident severity and frequency rates, which continue to be much lower than the industry average. From an economic standpoint, the Corporation has continued to maintain a strong balance sheet and increase its return on net assets, which currently stands at 8.8%. Lastly, in terms of corporate governance, the Corporation continues to work steadily to increase the number of women in senior management positions through its talent development and succession plan. As at October 31, 2012, women made up 17% of senior management.

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  • 03.13.2013

    AEP Industries Inc. Reports Fiscal 2013 First Quarter Results

    AEP Industries Inc. today reported financial results for its first quarter ended January 31, 2013.

    Net sales for the first quarter of fiscal 2013 decreased $0.5 million, or 0.2%, to $267.1 million from $267.6 million for the first quarter of fiscal 2012. The decrease was the result of a decrease in sales volume of 0.8% partially offset by a 0.4% increase in average selling prices and improved sales mix.

    Gross profit for the first quarter of fiscal 2013 was $42.4 million, an increase of $7.8 million, or 22%, compared to the comparable period in the prior fiscal year.  Excluding the impact of the LIFO reserve change of $6.4 million during the periods, gross profit increased $1.4 million primarily due to improvements in material margins, plant utilization and sales mix. 

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  • 03.13.2013

    Bonnier Corp. Folds 'Garden Design'

    Garden Design, the upscale bimonthly home/garden/lifestyle magazine that launched with fanfare in April 1994, shut down quietly on March 13. A statement from owner (since 2006) Bonnier Corp. blamed "the economic climate, compounded by the significant industry transition to digital, [that] limited the growth in advertising needed to make [GD] viable for our future."
     
    GD was the brainchild of Chris Meigher, the former Time Inc. executive whose credits included the 1990 launch of then-Time Inc.-partnered Martha Stewart Living. (Martha Stewart Living Omnimedia did not form until 1997.) This first Meigher Communications brand was introduced at the New York Flower and Garden Show in Rockefeller Center, and investors were said to have included 1989-1992 Time Warner co-CEO Nick Nicholas. In 1995, Meigher and editorial director Dorothy Kalins launched the epicurean Saveur (which continues), and the future seemed bright.
     
    But Meigher's financial problems in 2000 led to his selling both magazines to Orlando-based World Publications founder (1984) founder Terry Snow for a bargain-basement $7 million that August. When Snow sold World to Bonnier Corp. for an estimated $100 million in May 2006, the two were part of the package.
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