Paperclips Blog | Wausau Paper Results

  • 06.27.2012

    Smurfit Kappa Group plc announces the publication of its fifth annual Sustainable Development Report for 2011

    The report details Smurfit Kappa’s vision and its ongoing activities in the important area of sustainability. The report demonstrates the Group’s commitment to the supply of sustainable paper-based packaging solutions and outlines its approach to sustainability in the key areas of Environment, Society and Business.

    Gary McGann, Group Chief Executive Officer commented: “We are pleased to announce the publication of our Sustainable Development Report for 2011. Once again, Smurfit Kappa has successfully shown that sustainability is entirely compatible with delivering profitable growth. At a time when economic conditions are challenging, we see sustainability as a key differentiating factor in the market. In particular, we continue to make progress on our Chain of Custody target for 2015, which will guarantee that all the paper and packaging we produce originates from reliable sources. Smurfit Kappa is committed to achieving all of its sustainability objectives in order to continue to build a sustainable and responsible business which serves our customers and builds value for all stakeholders.”

    He added:“Our 38,000 employees have the experience and expertise necessary to meet and exceed our customers’ needs in a sustainable manner. Our employees are passionate about the very real contribution their efforts can make to customer success and to a sustainable product life cycle. We would like to express our appreciation for their hard work and dedication.”

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  • 06.27.2012

    Intertape Polymer Group Announces Plant Closure and Transfer of Production

    Intertape Polymer Group Inc. today announced its intention to close its Richmond, Kentucky facility and transfer the shrink film production business from the Company's Truro, Nova Scotia facility to its Tremonton, Utah plant. The Company believes this will allow it to further optimize its manufacturing footprint and generate significant annual savings. All dollar amounts are US denominated unless otherwise indicated.

    The Richmond facility, which manufactures tape products, will be closed in part due to productivity improvements in other production facilities. The majority of production will be transferred to Intertape's Carbondale, Illinois facility. The shrink film business in Truro will be transferred to Tremonton which will create one center of manufacturing excellence in North America for this business. Woven fabric products will continue to be produced at Truro. These changes are expected to be completed in late 2012 and early 2013.

    "Considering competitive pressures, market conditions and the volatility of input costs, we are continuously reviewing and analyzing all aspects of our operations. With this plant closure and transfer of production, we expect a positive contribution to Adjusted EBITDA of more than $5 million in 2013 and approximately $6 million in each subsequent year. The process will be seamless to customers and we do not anticipate any significant impact on our revenues," said Intertape's President and CEO, Greg Yull.

    As a result of these initiatives and other smaller aspects of our manufacturing rationalization plan, a charge of $14-$16 million is expected to be recorded in the second quarter of 2012 primarily related to property, plant and equipment, and severance. Approximately $1.5 million of this charge relates to cash items and the remainder is non-cash. Additional costs of approximately $3.5 million will also be incurred and paid throughout the second half of 2012 and in early 2013. This initiative will require approximately $5.5 million in capital expenditures, with total Company 2012 capital expenditures expected to be $20-23 million.

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  • 06.27.2012

    ACMA Wants Hard-wired Rate Increase Dropped From H.R. 2309

    The American Catalog Mailers Association wants its members with ties to Republican congressional districts to contact their elected officials and voice their displeasure regarding the annual rate increase for catalogs contained in H.R. 2309.
     
    The American Catalog Mailers Association wants to have a portion of a postal reform bill pending in the House of Representatives that would allow a hard-wired annual rate increase for mail the postal regulator deems to be underwater eliminated.

    This underwater class, according to the ACMA, is presumed to be standard mail flats – the category affecting most catalog mailerss – and would be assessed by a new congressionally-appointed authority that would oversee the U.S. Postal Service.

    H.R. 2309, sponsored by U.S. Rep. Darrell Issa (R-CA) and U.S. Rep. Dennis Ross (R-FL), would create a Postal Service Financial Responsibility and Management Assistance Authority that would approve changes in rates and classifications, new products and services, and other matters before the Postal Regulatory Commission.

    The ACMA wants its members with ties to Republican congressional districts to contact their elected officials and voice their displeasure regarding the annual rate increase for catalogs contained in the House postal reform bill.

    Paul Miller, vice president and deputy director of the ACMA, said the annual hard-wired postal rate increase for standard mail flats translates to 2% in addition to the CPI-capped rate increase. Miller said that means if a rate increase for standard mail flats was accomplished through legislation, it could only be undone by Congress passing subsequent legislation.

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  • 06.27.2012

    Zinio Exploring Strategic Options

    One of the oldest names in the digital magazine space and among the top grossing distributors of content into the app ecosystem is exploring a sale or other strategic option. Zinio, owned principally by Fiji Water founder and hotel owner David Gilmour has enlisted investment bank Montgomery & Co. to look for a buyer, according to a report in CNNMoney.com.
     
    The report contends the company is looking for a price of $50 to $100 million.

    Zinio's global executive vp and cmo Jeanniey Mullen issued a statement to minonline confirming that the company was working with Montgomery & Co on strategic options, although it did not say specifically the company was for sale. According to Zinio, "Committed to growing the company, we have retained Montgomery & Co to facilitate capital raising strategies and discussions. While the company has been engaged in similar discussions in the past, Zinio has never had a stronger vision, strategy and roadmap to engage the right set of potential partners."

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  • 06.27.2012

    Magazine Reach Declines As Devices Soar

    Magazines looking to ride the growth engine of media consumption may do well to pick devices over the Internet itself. According to the latest cross-media usage research from TVB Media Corporation, overall daily reach of magazines in the U.S. declined to 24.8% among adults in the first quarter of 2012 compared to 28.6% in the same period two years ago.

    While the TVB study is aimed at highlighting TV over all media, it includes a comprehensive portfolio of emerging platforms. While Internet reach increased from 67.5% to 73.1% in the two year span, mobile reach for media content soared from 14.3% to 27.8%, surpassing magazines on any given day. The tablet, which didn’t really exist as a media force two years ago and was not measured, is already reaching 11.7% of Americans surveyed.
     
    Magazines continue to have a fractional share of media time spent, only .2 hours per day compared to .3 for tablets, .4 for newspapers, and .7 for mobile phones. The Internet gathers 3 hours of our media time each day, but TV still rules with 5.2 hours. Broken down by gender, however, women spend .3 hours per day with magazines compared to only .18 hours by men.

    Nevertheless, magazines are still the fourth most influential medium when it comes to purchase decisions, behind TV, newspapers, and Internet. Perhaps even more importantly, 6.8% of respondents said that they were most likely to learn about products from magazines, compared to 8.7% citing Internet, 8% citing newspapers and 39.8% citing TV.

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  • 06.27.2012

    Hearst Digital Media Launches Private Audience Exchange Powered by Pubmatic

    Hearst Digital Media, a unit of Hearst Magazines that represents a portfolio of 25+ digital brands including Cosmopolitan, Esquire, Seventeen and Good Housekeeping, today announced the launch of the Hearst Audience Exchange, powered by PubMatic. The exchange is being launched in partnership with Core Audience (formerly known as Red Aril), Hearst’s fully owned and operated data management platform (DMP). With the inclusion of the DMP, the Hearst Audience Exchange will add value by managing audience data assets, which will help advertisers make more informed purchasing decisions.
     
    “Our primary focus in the design of the Hearst Audience Exchange was to increase the value of our audience through greater targeting and segmentation,” said Kristine Welker, chief revenue officer of Hearst Digital Media. “The private exchange will allow us to deliver on the growing complexities around digital media buying within the protected environment of our quality brands and premium content.”
     
    The Hearst Audience Exchange will satisfy client needs for both programmatic buying, which is the process of executing media buys through digital technology platforms like ad exchanges, and more targeted brand display advertising. With the new platform Hearst Digital Media will be able to utilize audience data so that the ROI around branded display efforts is far more effective.
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  • 06.27.2012

    Ennis Reports Results for the First Quarter Ended May 31, 2012

    Ennis, Inc., today reported financial results for the first quarter ended May 31, 2012.

    Financial Overview
    Our consolidated net sales were $142.5 million for the quarter ended May 31, 2012 compared to $143.3 million for the quarter ended May 31, 2011. Print sales for the current quarter were $87.3 million, compared to $67.1 million for the same quarter last year, or an increase of 30.1%. Apparel sales for the current quarter were $55.2 million, compared to $76.1 million for the same quarter last year, or a decrease of 27.5%. Overall our gross profit margins ("margins") decreased from 27.7% to 19.8% for the quarters ended May 31, 2011 and May 31, 2012, respectively. Our print margin decreased slightly from 28.8% to 27.9%, due to the lower margins of our recent acquisitions. Our apparel margin, which continues to be impacted by the higher yarn costs flowing through its cost of sales, decreased from 26.8% to 7.0% for the quarter. As a result, our net earnings decreased from $11.4 million, or 8.0% of sales, for the quarter ended May 31, 2011 to $3.9 million, or 2.7% of sales, for the quarter ended May 31, 2012. Diluted EPS decreased from $0.44 per share to $0.15 per share for the quarters ended May 31, 2011 and May 31, 2012, respectively.

    During the quarter, the Company generated $10.0 million in EBITDA (earnings before interest, taxes, depreciation, and amortization) compared to $21.9 million for the comparable quarter last year.

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  • 06.27.2012

    Best Buy Launches Best Buy Mobile Brand and Format in Five Star Stores in China

    Best Buy today announced it is expanding the Best Buy Mobile brand and store-within-a-store (SWAS) concept into select Five Star stores in China. In total, the Best Buy Mobile SWAS format will launch in 14 Five Star locations throughout Nanjing this summer. 

    The expansion of Best Buy Mobile into the Chinese market is the first evolution of Global Connect, a partnership that was formed in November 2011 between Best Buy and Carphone Warehouse. It also supports Best Buy's commitment to international growth, which is highlighted by the continued success and expansion of the Five Star brand.

    "The launch of Best Buy Mobile in China is a true global effort, bringing together the best of Five Star, Best Buy and Carphone Warehouse to create a new shopping experience for consumers in China," said Shari Ballard, President, International for Best Buy. "Access to connectivity solutions has never been more important for human beings around the world. I'm thrilled to see our Global Connect efforts coming to life for customers in our Five Star stores."

    This launch follows a similar model that led to the development of Best Buy Mobile in the United States in 2006. Just as Carphone Warehouse did with Best Buy five years ago, the Global Connect team is working closely with its Five Star partners to develop a mobile sales strategy that is designed for the Chinese market.

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  • 06.26.2012

    Cataloguers push back against postal legislation

    The American Catalog Mailers Association is criticizing a postal reform bill that, if passed, would legislate rate increases, bypassing the typical process of rate approval via the Postal Regulatory Commission.

    Among its many provisions, HR 2309—sponsored by Darrell Issa (R-Calif.) and Dennis Ross (R-Fla.)—would establish a Postal Service Financial Responsibility and Management Assistance Authority that would “approve changes in rates and classifications, new products and services, and other matters before PRC.”

    “[The bill] would represent a break in more than 40 years of public policy, during which time Congress has never set postal rates,” said Hamilton Davison, ACMA's president-executive director. The ACMA is urging its members to lobby Republican congressmen before the bill is taken up for debate in the House next month. Democrats, in the minority, already oppose the bill, and “Conservatives, tea party and rural Republicans are most helpful right now” as swing votes who may act to modify it, Davison told BtoB.

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  • 06.26.2012

    New Two Sides Campaign Targets UK Consumers

    "No Wonder You Love Paper". Two Sides joins with UK newspaper and magazine publishers to promote the attractiveness and sustainability of print media

    The campaign features the attractiveness and sustainability of magazines and newspapers. Research by Two Sides has revealed consumers are surprised to learn that:
     •Almost 70% of paper across Europe is collected and recycled. In fact it’s one of the most recycled materials of all.
     • Forests in Europe, which provide wood for making into paper and many other widely used materials, are 30% larger than in 1950. In fact they’re increasing by 1.5 million football pitches every year!
     
    Martyn Eustace, Director of Two Sides, comments, “This is a really important campaign which is urgently needed to correct consumer misunderstandings. Our research tells us that magazine and newspaper readers are unaware of the industry’s great record on recycling and that European forests, where the majority of raw material is sourced, are actually growing in size. 80% of UK consumers prefer reading from paper than reading off a screen (*) and we want to let them know the facts about the industry’s record on important environmental issues”.
     
    Barry McIlheney, CEO of the Professional Publishers Association (PPA) states: “We live in a multi-media world and readers now look for a choice of media channels. Print is still vital for magazine publishers and offers a unique reading experience that will live on. We want to make sure that, in choosing a printed magazine, readers fully understand that print media also offers a natural reading experience and can be a sustainable way to read”.

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  • 06.26.2012

    Thomson-Shore Announces International Book Printing Agreement with Clays

    Thomson-Shore, a book manufacturer specializing in short- to medium-run digital and offset book printing, binding and publishing services, has signed a partnership agreement with U.K.-based Clays Ltd. The global print initiative gives each printer access to each other’s market, creating value and market opportunity for customers of both Thomson-Shore and Clays.

    Under the agreement, Thomson-Shore will print books for Clays’ customers seeking distribution in the United States. Clays, the UK’s leading print group producing over 170 million books annually, in turn will print Thomson-Shore customers’ books for distribution anywhere outside of North America. Both companies will also share marketing and sales resources to promote this new initiative.

    “Thomson-Shore customers have come to expect that we’ll deliver unparalleled quality, service and innovation,” said Kevin Spall, CEO, Thomson-Shore. “Our agreement with Clays is a result of our recognition that this leading global brand shares our commitment to excellence. We are thrilled with the opportunity to offer Thomson-Shore customers a way to produce quality books for distribution in the U.K. and other areas of Europe, ultimately helping them sell more, more efficiently.”

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  • 06.26.2012

    Paper, Print and the Environment

    Print on paper isn't depleting our forests, overwhelming our landfills, or causing global warming. In fact, just the opposite is true—and companies calling for less print or a no-print day, such as Toshiba's recently abandoned campaign, don't take into account that paper, and print on paper, is a renewable and recyclable resource.

    Here are the facts:

    Trees and Paper
     •Replenished: Wood, which comes from trees, is the primary material used to make paper. Trees are continually replenished—like wheat and corn, unlike plastic—to ensure that our forests are sustainable.
    •Primarily Made in the USA: About 90% of paper and paperboard consumed in the United States is produced in the United States.
    •High Supplier: 91% of the wood harvested in the United States comes from privately owned forests. State and tribal 6% and federal supply 2%.
    •More Forests Today: Forest growth in the United States exceeds harvest by 37%. There is now 28% more standing timber volume in the U.S. than in 1952.
    •A Small User of Forest Resources: Just 11% of the world's forests are used for paper.
    •Largely Made from "Waste":  Overall, 33% of papermaking material comes from recycled paper; 33% comes from wood chips and scrap from sawmills; and 33% comes from virgin trees.

    Recycling/Landfills
     •Recycling: 66.8% of the paper consumed in the U.S. was recovered for recycling in 2010—by volume, more than glass, plastic and aluminum combined.
    •Landfill: 16.2% of discards into the landfill are paper and paperboard, of which 41% is paperboard containers and packaging and 59% is all other paper. Plastics, by comparison, comprise 17.3% of discards.

    Many think that by foregoing print and paper, they are saving trees and making a sound environmental choice. In fact, print and paper give private landowners a financial incentive to grow trees rather than selling off their land for other uses, such as development.

    As Dr. Patrick Moore, Co-Founder, Greenpeace/Chair & Chief Scientist, Greenspirit Strategies Inc. said: "To address climate change, we must use more wood, not less. Using wood sends a signal to the marketplace to grow more trees and to produce more wood. That means we can then use less concrete, steel and plastic -- heavy carbon emitters through their production. Trees are the only abundant, biodegradable and renewable global resource."

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  • 06.26.2012

    Media General Completes Sale of Newspapers to Berkshire Hathaway

    Media General, Inc. today completed the previously announced sale of 63 daily and weekly newspapers to World Media Enterprises, Inc., a subsidiary of Berkshire Hathaway, Inc., for $142 million in cash, subject to adjustment for working capital and other items.  After transaction fees and the repayment of funds drawn on the revolving credit facility,  Media General will use the net proceeds from the newspaper sale to offer to repay on a pro rata basis existing senior secured notes at par and a term loan with no prepayment penalty.

    Media General is also in discussions with prospective buyers for its Tampa, Florida, print properties and associated websites.

    “Selling our newspapers represents a monumental change for us – we’ve been in the newspaper business for more than 160 years. However, our model has been shifting more toward Broadcast and Digital in recent years,” said Marshall N. Morton, president and chief executive officer of Media General. Broadcast television accounted for 77 percent of total Platform Cash Flow for the full year 2011 and for 87 percent in the first quarter of this Political year.

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  • 06.26.2012

    Penton Buys U.K.-Based Highline

    Penton announced today that it has acquired Highline LP, a company based outside of London that provides data and sales information for the business and commercial aviation markets.

    The two companies have been partners for about sixteen years, with Highline providing its data for Penton's AC-U-KWIK brand, a directory of airports, fixed-base operators (FBOs) and the various suppliers that support the aviation market—fuel suppliers, maintenance, catering and so on.

    Highline, which employs about five people, also runs airportdata.aero, an information and data product that more specifically serves the commercial and cargo markets, and the deal will tie this product more closely to Penton's two commercial/cargo brands Air Transport World and SpeedNews.

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  • 06.26.2012

    EURO-GRAPH Monthly Statistics of the European Graphic Papers Industry

    Total European Shipments of Graphic Papers for May were down 4.9% vs. May '11 and are down 4.3% ytd.  Total European shipments of Newsprint were down 4.0% vs. May '11 and are down 4.9% ytd.  Total European shipments of SC-Magazine grades were down 2.9% vs. May '11 and are down 1.8% ytd.  Total European shipments of Coated Mechanical Reels were down 8.4% vs. May '11 and are down 5.3% ytd.  Total European shipments of Uncoated Mechanical (Improved & Others) were down 7.0% and are down 5.9% ytd.  Total European shipments of Coated Woodfree were down 3.5% vs. May '11 and are down 4.0% ytd.  Total European shipments of Uncoated Woodfree were down 4.3% vs. May '11 and are down 3.7% ytd.
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  • 06.26.2012

    Creditors approve Catalyst Paper restructuring plan

    Catalyst Paper Corporation is pleased to announce that the company has received the necessary creditor approval for its second amended plan of arrangement under the Companies Creditors Arrangement Act in Canada. Approval of more than 99 per cent of secured and unsecured creditors was received in votes cast in person and by proxy at meetings held today in Richmond, BC.
     
    The sanction hearing under the CCAA process is scheduled to occur on June 28, 2012 in the Supreme Court of British Columbia and pending the BC Court approval, the confirmation hearing under the Chapter 15 process of the US Court in Delaware is expected to take place in mid-July.
     
    “We have received support from a majority of stakeholders since we began the reorganization process and today’s vote of support by creditors for the second amended plan of arrangement sets out a clear path forward,” said President and Chief Executive Officer Kevin J. Clarke. “With the cooperation of employees, vendors, customers, pensioners and investors, Catalyst has been able to make progress through a very complicated situation at an unprecedented swift pace.”
     
    “The plan which received creditor approval today puts Catalyst on a stronger financial base to compete and adapt as the marketplace for our products continues to change,” Mr. Clarke said. “We’re now turning our attention to securing our exit financing and satisfying the remaining conditions of the plan with a target timeline to emerge from creditor protection in the near term.”
     
    In a related proceeding, Catalyst received BC Court approval to extend the period of CCAA protection to September 30, 2012.
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  • 06.26.2012

    Oil Drops a Second Day as Europe Crisis Threatens Demand

    Oil was little changed in New York after a storm avoided the Gulf of Mexico’s energy-producing area and amid speculation European leaders will fail to stem its debt crisis that threatens to curb fuel demand.

    Futures traded below $80 a barrel for a fourth day, near an eight-month low, after Tropical Storm Debby was forecast to bypass the western Gulf and oil companies began returning workers to platforms. Germany’s Chancellor Angela Merkel hardened her resistance to sharing euro-area debt, while HSBC Holdings Plc cut its growth forecast for China, the world’s second-biggest crude user. A government report tomorrow may show U.S. gasoline stockpiles rose for the third time in four weeks.

    “Market sentiment remains negative, focusing on slow demand and ample supply,” said Carsten Fritsch, an analyst at Commerzbank AG in Frankfurt. “The supply risk that supported oil is fading as production resumes in the Gulf of Mexico. The looming European Union embargo on Iranian oil may support Brent as it is also affecting oil flows to other nations.”

    Oil for August delivery fell as much as 50 cents to $78.71 a barrel in electronic trading on the New York Mercantile Exchange and was at $79.32 as of 11:40 a.m. in London.

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  • 06.26.2012

    RockTenn Acquires Mid South Packaging from Coridel Capital Partners to Expand Corrugated Businesses

    RockTenn today announced that it has closed on its acquisition of the assets of Mid South Packaging LLC, a specialty corrugated packaging manufacturer with operations in Cullman, Alabama, and Olive Branch, Mississippi, from Coridel Capital Partners.

    “The acquisition of Mid South, a company well-known for its profitable business model and efficient, well-run operations, is in keeping with our announced strategy to seek acquisitions that increase our integration level,” said James A. Rubright, RockTenn’s Chairman and Chief Executive Officer. “Adding Mid South’s unique customers to RockTenn’s already diversified customer base further strengthens our market reach.”

    “It has been a privilege to partner with the Mid South management team as they built a robust company, making significant operational improvements, growing revenues and delivering record earnings year after year during our investment period. This transaction demonstrates the significant value that has been created,” said Tyler Kwon, Chairman and Chief Executive Officer of Coridel. “I am confident that under the leadership of the RockTenn organization, Mid South will continue its tradition of excellence and innovation.”

    Mid South is comprised of three main segments: AutoLogic™, which supplies specialized packaging to the automotive parts industry; the ComboPAC™ Food Group, which supplies bulk boxes to the poultry and meat industries; and the Retail Design Group, which provides high-end corrugated packaging and retail displays to consumer packaged goods companies.

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  • 06.26.2012

    Buckeye Specialty Line Running; Fluff Line Restart Targeted for July 4

    Buckeye Technologies Inc. today announced it is targeting the restart of its fluff pulp line for July 4. The specialty pulp line has been up and safely running at target rates since early Saturday morning, June 23. The specialty pulp line mix will not be fully optimized until the fluff line is back in operation. Among other things, the July 4 timeline depends on procurement of materials and the amount of work required to repair and replace drums and other damaged equipment. Both production lines were idled on Sunday evening, June 17, due to a significant failure of a steam drum on the fluff pulp line. There were no injuries associated with this incident.

    We expect our property damage and business interruption insurance will cover most of the losses in excess of our $2 million deductible. Net of insurance recovery, we estimate the total net earnings impact of this event to be in the range of 5 to 10 cents per share. We expect Q4 FY 2012 (April-June 2012) earnings to be reduced by 8 to 11 cents per share as a result of this event. The net impact on first half FY 2013 earnings (July-December 2012) should be small as we expect to recognize the bulk of the insurance benefits during this period. We also anticipate the lost production volume due to the outage will reduce sales revenue by about $20 million primarily in the July to December 2012 period.

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  • 06.26.2012

    News Corp. Mulls Splitting in Two

    News Corp. is considering splitting into two companies, separating its publishing assets from its entertainment businesses, say people familiar with the situation.

    The split would carve off News Corp.'s film and television businesses, including 20th Century Fox film studio, Fox broadcast network and Fox News channel from its newspapers, book publishing assets and education businesses. News Corp.'s publishing assets include The Wall Street Journal, the Times of London and the Australian newspaper, as well as HarperCollins book publishing. If a separation occurs, the publishing company would be far smaller than the entertainment company.

    A final decision on the split hasn't been made. News Corp. Chairman Rupert Murdoch has previously opposed such a move, which has been discussed internally for several years, say people familiar with the situation. Mr. Murdoch has recently warmed to the idea, said one person familiar with the situation.

    The idea under consideration isn't expected to change the Murdoch family's effective control of any of the businesses, exercised through the family's roughly 40% voting stake in News Corp. The idea is similar to the split of Viacom Inc. VIAB -2.22%into two companies in 2006, when CBS was carved off as a separate company. In that break up, Viacom's controlling shareholder Sumner Redstone ended up with control of both companies.

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  • 06.25.2012

    Buckeye to Restart Specialty Paper Machine at Florida Mill

    Buckeye Technologies Inc. today announced that it has made the repairs on the #1 specialty pulp machine that was damaged on June 17, due to the significant failure of a steam drum on the #2 fluff pulp machine. Structural damage to the paper machine building has been addressed and the specialty machine will begin start up today. Both paper machines have been idled since Sunday evening June 17, when the incident occurred.

    There were no injuries to any personnel and there wasn’t a fire. A team at the plant, including contractor resources and structural engineers, continue the investigation to determine the root cause of the drum failure. All drums are being inspected prior to the startup based on the early findings of the comprehensive failure analysis.

    With the paper machine building secure, workers have begun the plans and repairs for the #2 paper machine where Buckeye produces all of their fluff pulp. Because the drum failure was on this machine, most of the damage was limited to one area of the paper machine. While it is too early in the repairs and planning to provide a firm timeline, we will provide an estimate early next week. The timeline depends on procurement of materials and the amount of work to repair and replace drums, pedestals and sole plates.

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  • 06.25.2012

    Tetra Pak launches new volume and printing capabilities to drive greater efficiency, impact and value for Tetra Fino® Aseptic

    Tetra Pak today announces that new volume options and advanced photographic printing techniques are now available on its Tetra Fino Aseptic packaging range. The combination brings improved efficiency, stronger product differentiation and greater brand impact to manufacturers seeking highly cost effective packaging solutions.
     
    Tetra Pak’s OptiSize volume concept for Tetra Fino Aseptic allows customers to produce cartons tailored precisely to 70ml and 220ml portions — with more size options to follow — thus reducing packaging materials waste. The Eco Flexo printing process brings photographic printing to Tetra Fino Aseptic packages for the first time, providing greater opportunities for product differentiation and brand impact.
     
    "Tetra Fino Aspetic is well known as a simple and cost effective package that enables producers to deliver safe, nutritious beverages to consumers looking for value as well as quality," said Tetra Pak’s Hemant Krashak, Product Director.  "With today’s announcement of OptiSize and Eco Flexo, producers can drive even greater efficiency and value while providing stand out branding which will have an impact on store shelves."
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  • 06.25.2012

    RR Donnelley Introduces Series of ProteusJet(SM) Multiweb Digital Print Platform Applications for Direct Marketers

    R. R. Donnelley & Sons Company today introduced a series of applications for its new ProteusJet Multiweb platform.  ProteusJet enables sophisticated credit, telecom and cable, retail and insurance marketers to manage one-to-one communications to maximize revenues. The integrated piezoelectric 4-color inkjet technology and fully automated mail assembly lines create mailings targeted to the individual needs and interests of millions with precision, speed and familiarity.

    "Our clients succeed when content connects to deliver the right message precisely and in an impactful way," said Mary Lee Schneider, RR Donnelley's Chief Technology Officer. "The ProteusJet Multiweb platform harnesses complex business rules developed by our clients to dictate text and color graphics instantaneously. The production lines allow direct marketers to mount campaigns with versatility and with production efficiencies unattainable in traditional direct mail manufacturing. The downstream dividend of enhanced postal savings is a further testament to the cost efficiencies that are vital to direct marketers."

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  • 06.25.2012

    Atlantic ‘Augments’ Ideas Issue With Mobile AR Content

    On the heels of our asking late last week whether Augmented Reality – or ‘AR’ – is this year’s version of the recent QR mania among publishers, The Atlantic adds to the trend with an AR-enhanced annual Ideas issue. The new issue of the monthly will use image recognition technology to give smartphone app user an enhanced version of many pages in the issue.

    Aim the app at the cover story by Anne-Marie Slaughter on “Why Women Still Can’t Have It All” and you get as a superimposed overlay a video interview with the author. Other pop-up videos will feature New Jersey Governor Chris Christie, Elmore Leonard and a photo gallery of Olympic torchbearers. Also enhanced will be an ad from the sponsor of the AR project Prudential.
     
    The Atlantic is using an AR technology from longtime solutions provider in the space Metaio. The reader must download that company’s Junaoi app in order to activate the content when aiming its camera view on an enhanced page. A red “Extras” icon will signal the reader to the presence of additional material. Augmented Reality is another form of 2D mobile activation of print pages. In this case the image recognition of the page can be used as a trigger for a full screen mobile event like a video. In other iterations AR can actually superimpose visual experiences onto the camera view of the printed page.

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  • 06.25.2012

    Data Collection Up 400% at Publisher Sites

    Like it or not, the audience and brand equity that major media companies have been building for years online is being shared with many other parties. According to data management platform Krux, the volume of data collection going on at a typical Web page has increased 400% in the year since the company last surveyed the issue. Last year the company observed an average of 10 collection events on the average page, while this year it has escalated to 50.

    The accelerated expansion of demands-side ad platforms, ad exchanges and RTB engines online has created new incentives for all of these entities to collect and share data from the premium publishers on which some of them serve advertising. That audience data can in turn be used to target advertising to that publisher’s audience elsewhere on the Web or even in lower-priced ad inventory that run on the ad networks a publishers uses on site. This growing problem of “data leakage” often hands over to third parties data that it used to create products that are directly competitive with the publisher.

    And much of the problem is outside of the publisher’s direct control because the cookies being dropped and tracked by third parties is being shared with an even wider group of partners. More than half (54%) of the data collection at publisher sites now is coming from parties over whom the publisher has no direct control or relationship, up dramatically from 31% last year.
     
    The problem comes from third parties, 78% of whom serve as “ushers” who bring in other data entities. The explosion of business models and players in this game was shown in the sheer number of companies Krux is now finding at publishers sites. This year there were more than 300 data collection parties observed, double the 167 seen last year. While overall data collection is up 5X the amount of third party data collection at sites is up 10X from just a year ago.

    Krux, which sells publisher products aimed at controlling data collection, says that data leakage amounts to revenue leakage. The data sharing practice allows for highly valued audiences to become commoditized and sold much more cheaply on exchange and network inventory that traditional media demand for their contextual placements.

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  • 06.25.2012

    Europe - Flint Group Print Media announces the launch of LIBRA ink & fount technology – innovative products, perfect synergy, minimising paper and board waste with effortless IPA free printing

    Balance, Harmony, Stability – the three principles behind LIBRA Technology, Flint Group’s new system for optimised printing. LIBRA Technology signifies Flint Group’s unique capabilities as an innovative global manufacturer of both inks and fount solutions, and heralds a new age of technology leadership for the Sheetfed Print Division.
     
    Nick Brannan, VP Product Management Sheetfed Inks and Pressroom Chemistry explains the background “For the last 12 months, our Product Development and Technical Service Teams have been striving to solve some of the industry’s most enduring challenges, including paper wastage and IPA free printing! Now, after months of rigorous testing at printers across Europe we are pleased to announce the launch of LIBRA Technology”
     
    ”In this world of diminishing resources” Brannan continues, “the need to reduce wastage now presses upon all of us to act quickly. LIBRA Technology is a huge step in the right direction, as it enables printers to achieve ink/water balance faster than most other products in the market place, thus considerably reducing start-up waste. It also requires less intermediate blanket wash ups, leading to further reductions in waste material and less down time.”
     
    It has long been recognised that the use of IPA in the printing process is undesirable, for environmental, health and safety as well as economic reasons. However its advantages in increasing the viscosity of the fount solution, optimising ink/water balance and creating a wide and stable printing window far outweighed the pressure to stop using it. However as the world has changed in recent years, with more emphasis on environmental protection, and cost savings programmes, there has been a growing need to reduce or eliminate IPA from the printing process. Many attempts to provide stable solutions to this challenge have ultimately failed – but now there is a high quality, very stable option - Libra!
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  • 06.25.2012

    Catalyst Paper announces further support for amended Plan of Arrangement

    Catalyst Paper today announced an update on the further amended plan of arrangement (Amended Plan) under the Companies’ Creditors Arrangement Act. Catalyst Paper has reached an agreement in principle with certain additional holders of its 7 3/8% senior notes due March 1, 2014 (Unsecured Notes) on the terms of a settlement and support agreement (Agreement) to be entered into with respect to the Amended Plan.  These additional holders, who voted against the prior Plan of Arrangement, hold approximately US$120 million aggregate principal amount of outstanding Unsecured Notes.

    “We are pleased that additional holders have agreed to support and vote in favour of the Amended Plan,” says Kevin J. Clarke, President and Chief Executive Officer. “This support brings us one step closer to achieving our vision of a stronger and more viable Catalyst Paper for our customers, vendors, employees, pensioners and community at large.”
     
    Pursuant to the Agreement, these holders will agree to settle and release all claims against Catalyst and its directors and officers and to support and vote in favour of the Amended Plan.  Under the Agreement, Catalyst will agree to pay certain legal expenses incurred by the Noteholders in connection with the restructuring. The Agreement does not result in any changes to the Amended Plan or in the consideration being paid to unsecured creditors under the Amended Plan. The Agreement is subject to Court approval and a hearing to consider the Agreement has been scheduled for the morning of Monday, June 25, 2012.
     
    The Agreement will be subject to termination in certain circumstances, including if the Amended Plan is withdrawn or the company makes a filing with the Court seeking to amend or modify the Amended Plan in a manner than results in a material reduction in the distribution to the holders of the Unsecured Notes.

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  • 06.25.2012

    Yeah, e-books are great — but libraries are in a tough spot

    New reports from the American Libraries Association and Pew Internet and American Life Project reveal that despite the increasing number of e-books available to library patrons, libraries themselves face big challenges in weathering the transition.
     
    Some findings from the reports:
     
    More digital demand, less funding;  Many patrons are still oblivious; Librarians spend more time providing tech support; Discoverability is a challenge here, too; Publishers don’t make enough e-books available...
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  • 06.25.2012

    Oil Trades Below $80 for a Third Day on Economic Outlook

    Oil traded below $80 a barrel for a third day in New York amid concern that Europe’s debt crisis will curb demand for fuels.

    Futures slid as much as 1.1 percent as George Soros warned that a failure by European Union leaders meeting this week to produce drastic measures could spell the demise of the bloc’s shared currency. Developed economies are running into the limits of monetary policy, the Bank for International Settlements said in its annual report yesterday. Oil earlier rose as much as 1.2 percent after Tropical Storm Debby approached oil and gas installations in the Gulf of Mexico.

    “The outlook for oil remains negative while concerns remain about the economic outlook in Europe weigh on demand,” Michael Hewson, a London-based analyst at CMC Markets, which handles about $240 million a day in U.S. crude contracts, said today in an e-mail. “Investors remain skeptical that EU leaders will be able to agree on anything tangible to alleviate the current crisis.”

    Oil for August delivery fell as much as 89 cents to $78.87 a barrel in electronic trading on the New York Mercantile Exchange and was at $78.96 at 11:13 a.m. London time. Prices have fallen 23 percent this quarter, the biggest decline since the final three months of 2008.

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  • 06.25.2012

    AF&PA Releases May 2012 U.S. Recovered Fiber Monthly Report

    The American Forest & Paper Association released its May 2012 U.S. Recovered Fiber Monthly Report today.
     
    According to the report, total U.S. industry consumption of recovered paper in May was 2.54 million tons, 3% higher than April 2012.  Year-to-date consumption in 2012 is 3% lower than during the same period last year. 
     
    U.S. exports of recovered paper dropped 11% in April compared to March, with decreases mainly seen in Other Mechanical and Corrugated.  Year-to-date exports of recovered paper in 2012 are 2% lower than during the same period in 2011.
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  • 06.25.2012

    Kruger acknowledges positive vote from CEP members in Corner Brook

    Kruger Inc. is pleased that the Communications, Energy and Paperworkers Union (CEP) members at Corner Brook Pulp and Paper voted in favour of its collective agreement proposal, thereby enabling the Company to hold a second vote on the pension plan funding relief measures and to continue its assessment of the Mill's viability. The new collective agreement will be effective immediately.
     
    CBPP's pension plan administrators will launch the process for active and retired members of the unionized employees' Pension Plan to re-vote on the application of funding relief measures, which are essential to the Mill's competitiveness and sustainability. The Company expects the voting process to be completed by August 22.
     
    The following step will then be for the Company to finalize its assessment of the Mill's viability, taking into consideration the fact that the members of Lodge 1567 rejected the collective agreement proposal, which was modelled on the "pattern" agreement of CBPP's main competitor. In the meantime, the Company will continue its efforts to reduce the Mill's operating costs by applying necessary cost-cutting measures.
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  • 06.25.2012

    Resolute to shut down 1 Catawba production line

    Resolute Forest Products says it is shutting down one of four production lines at its Catawba plant at the end of the month.

    The Herald of Rock Hill reports (http://bit.ly/O6BpFe ) that the line, which makes lightweight coated paper used in magazines and advertising fliers, will shut down June 30. Company spokeswoman Debbie Johnston said layoffs will start July 2.

    It's not known how many people will be laid off. Steelworkers Union President Mike Godfrey says about 100 employees operate the line slated for shutdown.

    The plant has approximately 750 workers.

    Johnston said the shutdown was because of market conditions, which she described as "sluggish." She said the shutdown was for an "indeterminable" length of time, and Resolute Forest Products chose to shut down the line instead of stockpiling inventory.

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  • 06.25.2012

    Sappi Fine Paper Cloquet Mill Announcement

    Due to exceptionally high rainfall in the Northern Minnesota region this past week, we are experiencing flood conditions at our Cloquet mill site. In order to ensure the safety of our employees, and to take the precautions necessary to protect our plant assets, we have temporarily suspended pulp and paper manufacturing operations.

    We expect the resumption of normal operations in the next several days. Water levels have begun to recede and we have resumed truck shipments of yarded loads out of the site today. At this time, we do not anticipate significant delays in meeting customer orders due to flexibility in our machine schedules and strong inventory positions.

    If you have any questions regarding the status of orders due to ship over the next several days, please do not hesitate to call your inside sales representative. We value your business and look forward to meeting your service needs.

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  • 06.22.2012

    SmartMoney Magazine To Fold Print Edition

    After 20 years in print SmartMoney magazine will cease its print presence with the August issue and direct all of its content efforts to SmartMoney.com. At the same time the Dow Jones publication will expand its digital team (to 15) and report to the managing editor of The Wall Street Journal Digital Network Raju Narisetti. Smart Money was started in 1992 as a joint venture between Dow Jones & Co. and Hearst Corp. (now-Hearst Magazines president David Carey was the founding publisher), but Dow Jones acquired full ownership in 2010.

    The 25 print magazine staffers set to lose their position will have the opportunity to apply for the new digital spots at SmartMoney.com and at Dow Jones.

    In a statement regarding the decision to fold the magazine, Dow Jones & Co. editor-in-chief Robert Thomson said in a statement: “It’s clear that the volatility of markets and asset classes has increased the need for rapid delivery of personal finance intelligence, so we will be expanding our team and presence on the Web.”
     
    The magazine was leaking ad pages at a noticeable clip. According to min's boxscores, 2012 ad pages 232 were -9.28% through July.

    click here
  • 06.22.2012

    Valassis Audience Network Enhances Reach with Digital Acquisition

    Valassis, one of the nation's leading media and marketing services companies, today announced it has enhanced its digital display network -- the Valassis Audience Network -- with the acquisition of Brand.net, an online display, video and mobile advertising platform. Combined with the Valassis Audience Network, the components of an expansive network of online and offline data, state-of-the-art ad serving and targeting technology, come together -- Valassis is Re-Imagining Reach™.

    With Brand.net, the Valassis Audience Network now enables advertisers to reach and influence consumers on their journey from awareness to action with greater relevance, impact and results. Re-Imagining Reach highlights Valassis' strength of reaching today's diverse consumers at a scale and accuracy unmatched by others, getting the right message to the right consumer in the right medium at the right time.

    "The traditional path to purchase was linear and brought the consumer from awareness to action one step at a time," said Rob Mason, Valassis President and Chief Executive Officer. "Today, consumers are in control and their media habits are changing at a remarkable rate which means that clients need to use a mix of media to stay both visible and relevant. That's where Valassis has a proprietary advantage -- we deliver targeted, print and digital solutions to engage consumers at every point along the path to purchase."

    Whether marketers are interested in building awareness or driving purchase behavior, Valassis can meet their objectives by integrating their offline and online promotions.

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  • 06.22.2012

    Rite Aid Reports First Quarter Fiscal 2013 Results

    Rite Aid Corporation today reported improved financial results for the first quarter ended June 2, 2012. 
     
    The company reported revenues of $6.5 billion, a net loss of $28.1 million or $0.03 per diluted share and Adjusted EBITDA of $274.2 million or 4.2 percent of revenues. Results benefited from continued growth in same store sales and an improvement in gross margin. 
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  • 06.22.2012

    Court Approves HMH Restructuring Plan

    The judge overseeing Houghton Mifflin Harcourt’s Chapter 11 proceedings approved the company’s restructuring plan Thursday morning, clearing the way for the publisher to emerge from bankruptcy. The plan, which received the full support of HMH’s creditors, will eliminate about $3 billion of debt, mainly by exchanging debt for equity.
     
    The only glitch in what has been a smooth route through bankruptcy was the decision by Judge Robert Gerber to move the case to another court at the request of a bankruptcy watchdog. The new court will take over the remaining proceedings in the case either on the date the plan becomes effective or three weeks after his confirmation order is entered, whichever comes first. A final confirmation order is expected shortly.
     
    HMH first filed for bankruptcy May 21, and cited debts of $3.5 billion as of March 31, compared with assets with a book value of nearly $2.7 billion.
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  • 06.22.2012

    Is AR the New QR? Augmented Reality Pioneer Publishes Demo Mag

    To demonstrate the power of its new Layer Creator tool for applying augmented reality to print, Netherlands-based tech firm Layer has published a magazine. The 32-page print book is available from the company site and when paired with the Layer mobile smartphone app shows what AR can do. From pop-up 3D models to a video activated cover, the magazines works in synch with the app to brings digital enhancements immediately onto the page. (see video at bottom)
     
    AR is nothing new to print, of course. Popular Science, Esquire and others have used the technique is a range of test enhancements. GQ magazine has announced that a number of pages in its September issue will work with a branded companion app to bring “GQ Live” to life.

    But Layer’s initiative marks the fledgling AR industry’s more aggressively setting its sights on the print world. Layer has released its Creator web-based tool that lets publishers add AR content to their print pages. At the same time the company announced appointment of a new CEO, Quintin Schevernels, who has roots in both the Internet and print world. He was COO of VNU Media.
     
    The moves suggest a new stage of mobile technology courting the print industry with the promise of enhancing 2D media with interactivity. In recent years, mobile code providers like Microsoft, Digimarc and SnapTag have competed to endear themselves to publishers as preferred mobile activation sources. We may be seeing another wave of similar courtships from augmented reality providers.

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  • 06.22.2012

    Freedom Communications Announces Close of Sale of Texas Publishing Assets

    Freedom Communications announced today that the sale of the print and online publishing assets of its Texas properties, The Brownsville Herald, El Nuevo Heraldo, The Harlingen Valley Morning Star, The Monitor in McAllen, The Odessa American and The Mid Valley Town Crier in Weslaco, to AIM Media Texas, LLC has closed.

    Terms of the transaction were not disclosed. In conjunction with the transaction, AIM previously announced that all Freedom employees at these publications will continue in their respective jobs and positions with the new company.

    "This transaction presented an excellent opportunity to provide our shareholders with enhanced value for their investments while also ensuring that the communities involved continue to receive the great service they have been accustomed to receiving from Freedom," said Mark McEachen, Freedom Executive Vice President, Chief Operating Officer and Chief Financial Officer.

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  • 06.22.2012

    Catalyst Paper announces Update on CCAA Plan of Arrangement

    Catalyst Paper today announced an update on the status of its discussions regarding a new asset backed loan (ABL) facility and an exit financing facility. While Catalyst has not yet agreed to terms with any lender, Catalyst believes that the exit facility lender or lenders may require that the exit facility be secured by a charge on the assets of Catalyst and its subsidiaries that ranks equally with or in priority to the security to be granted to holders of the New First Lien Notes, as previously described in Catalyst’s information circular dated March 23, 2012 (the Circular) and as provided for in the Further Amended Plan of Arrangement scheduled to be voted on at meetings of the unsecured and secured creditors of Catalyst on June 25, 2012.  As a result, the trust indenture to be entered into in connection with the New First Lien Notes will include a provision permitting the granting of such security and addressing any related subordination arrangements in connection with an exit financing facility in a principal amount of up to $100 million and the terms of the New First Lien Notes as described in the Circular are amended accordingly.  Catalyst will provide further information as discussions continue in connection with the ABL and exit financing facilities.
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  • 06.22.2012

    AAA Fuel Gage & Exchange Rates

    AAA’s Fuel Gage Report as of 6/22/12
    National Unleaded Regular:
    Current Average - $3.454/gallon
    Month Ago Average - $3.678/gallon
    Year Ago Average - $3.626/gallon
    Highest Recorded Average - $4.114/gallon on 7/17/08
    Diesel:
    Current Average - $3.738/gallon
    Month Ago Average - $3.981/gallon
    Year Ago Average - $3.967/gallon
    Highest Recorded Average - $4.845/gallon on 7/17/08

    Current Exchange Rates as of 6/21/12
    American Dollar to Canadian Dollar = 0.981634 (120 day high - 1.01905 on April 26, 2012; low 0.961252 on June 5, 2012)
    American Dollar to Chinese Yuan = 0.157112 (120 day high – 0.159363 on May 2, 2012; low 0.156858 on June 8, 2012)
    American Dollar to Euro = 1.267 (120 day high - 1.3454 on February 28, 2012; low 1.2322 on June 1, 2012)
    American Dollar to Japanese Yen = 0.0124877 (120 day high – 0.0131387 on February 2, 2012; low 0.0119026 on March 21, 2012)
    American Dollar to Mexican Peso = 0.0730791 (120 day high – 0.0793808 on March 14, 2012; low 0.0691788 on June 1, 2012)

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  • 06.22.2012

    Crude Oil Trades Near Eight-Month Low, Heads for Weekly Decline

    Oil traded near an eight-month low below $80 a barrel in New York and headed for a second weekly decline amid signs of a global economic slowdown that may curb fuel demand.

    Futures were little changed after decreasing 4 percent yesterday, the biggest drop this year. German business confidence fell to the lowest in more than two years in June as the worsening sovereign debt crisis clouded the economic outlook. The Federal Reserve Bank of Philadelphia’s economic index yesterday signaled the biggest contraction in manufacturing in almost a year.

    “The euro-zone implosion brought prices down significantly,” said Hannes Loacker, an analyst at Raiffeisen Bank International AG (RBI) in Vienna, who predicts oil will rebound. “The market is being dominated by disappointing key indicators from the U.S. and China, and a lethargic stance from Saudi Arabia at the last OPEC meeting on its readiness to cut back production.”

    Oil for August delivery fell as much as 64 cents to $77.56 a barrel, the lowest since Oct. 5, in electronic trading on the New York Mercantile Exchange and was at $78.14 at 9:31 a.m. London time.

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  • 06.22.2012

    American Forest & Paper Association Releases May 2012 Printing-Writing Paper Report

    According to the American Forest & Paper Association’s May 2012 Printing-Writing Paper Report, total printing-writing paper shipments increased 1 percent in May compared to May 2011.  Shipments for the two coated printing-writing grades posted year-over-year increases compared to last May while shipments for the two uncoated grades declined.  U.S. purchases (shipments + imports – exports) of printing-writing papers decreased 1percent in May.  Total printing-writing paper inventory levels also changed by 1 percent, decreasing compared to last month.

    Additional key findings include:
    Shipments of coated free sheet (CFS) papers increased the most among the four printing-writing grades year-over-year.  The increase is the largest since September 2010.
    Shipments of coated mechanical (CM) papers also increased the largest year-over-year since September 2010.
    Shipments of uncoated free sheet (UFS) papers decreased year-over-year by less than one percent.
    Uncoated mechanical (UM) paper shipments continue to decline year-over-year following on the heels of 15 consecutive year-over-year increases from January 2010 through March 2011; average growth during those 15 months was 17 percent. 

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  • 06.22.2012

    American Forest & Paper Association Releases May 2012 Kraft Paper Sector Report

    The American Forest & Paper Association released its May 2012 Kraft Paper Sector Report on Tuesday.  Total Kraft paper shipments were 139.2 thousand tons, an increase of 2.3% compared to May 2011.  Total inventory was 70.1 thousand tons the month.  Total Bleached Kraft shipments increased year over year for all months in 2012.
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  • 06.22.2012

    Toshiba Cancels “No Print Day”

    Sorry, Tree, back to work! Via Printweek, Toshiba has relented, and has decided to abandon its ill-advised No Print Day:

    In a letter to its members, Printing Industry of America (PIA) president Michael Makin announced: “Toshiba has agreed to abort its National No Print Day!”
     
    Makin’s letter went on to describe his conversation with Toshiba USA senior vice president of marketing, services and solutions, Bill Melo, regarding Toshiba’s “ill-conceived initiative”.
     
    In it Makin states: “Mr. Melo was quite ‘concerned’ with how the campaign had been received by the commercial printing industry and stressed it was never the intent of his company to disenfranchise or insult our industry. He explained that the campaign was always directed at the office marketplace where he opined there was needless waste.”
     
    Toshiba still plans to revisit a campaign to reduce office waste, but assures that it will not demonize an entire industry in the process.

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  • 06.22.2012

    Update on Cloquet Mill Operations

    Flooding conditions have not yet abated at the Cloquet mill.  We now estimate the resumption of normal mill operations sometime this weekend, June 23-24.  In order to ensure the safety of our employees, only skeleton crews are on site, focused on plant protection activities.  We are currently assessing the impact on pulp and paper customers, but at this time do not expect significant disruptions.  We will keep you updated with more details as we assess conditions.

    We are grateful that there have been no reported employee injuries. Our thoughts are with our Cloquet employees, many of whom may be experiencing hardship from this flooding.

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  • 06.21.2012

    Mitchell Press Broadens Its Services with Acquisition of Teldon Print Media

    Mitchell Press and Teldon Media Group announced that Mitchell has acquired Teldon Print Media, making it the Pacific Northwest’s largest independently owned provider of heatset web offset printing services. This division of Teldon Media Group provides end-to-end printing services for customers across Canada and the United States, including digital, sheetfed and web printing.

    This acquisition will enable Mitchell to expand its portfolio of equipment and services, and further its strategy to extend the company’s printing platform. With this acquisition, the printer will add significant volume to its operation, while also adding the required equipment to ensure there is always available capacity to manage a significant increase in demand for web printing services.

    “This acquisition is a strong complement to our business and a testament to the standards of excellence Teldon has built in our industry,” said Mitchell Press President Howard Mitchell. “By adding both these additional capabilities and the associated revenue to our business, we will build upon Mitchell Press’ established brand and strategically build an even stronger range of services for our customers”.

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  • 06.21.2012

    Clearwater Paper Comments on U.S. District Court Decision

    Clearwater Paper Corporation today commented on the ruling in the United States District Court for the District of South Carolina in favor of Metso Paper USA and Clearwater Paper in connection with a lawsuit filed by First Quality Tissue SE, LLC that sought to enjoin Metso Paper from delivering a Through-Air-Dried, or TAD, paper machine to Clearwater Paper.

    "Clearwater Paper is very pleased with the court's decision to deny the request for injunctive relief and dismiss the amended complaint, and we look forward to completion of our Shelby TAD paper machine facility," said Gordon Jones, chairman and chief executive officer. "We expect that the final components of our TAD paper machine will be delivered by Metso Paper by July 2012, pursuant to our contract with them, and that our Shelby TAD paper machine facility will be completed and begin operations prior to the end of 2012."

    In 2010, Clearwater Paper contracted with Metso Paper to construct a TAD paper machine for its tissue manufacturing and converting facility under construction at Shelby, North Carolina. Clearwater Paper's contract with Metso Paper calls for an expected delivery of the TAD paper machine by July 2012. In August 2011, First Quality filed a lawsuit against Metso Paper seeking to enjoin Metso Paper from delivering the TAD paper machine to Clearwater Paper based on the terms of an agreement between Metso Paper and First Quality. Clearwater Paper intervened in the litigation in November 2011 to ensure representation of its interests.

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  • 06.21.2012

    Ahlstrom to complete the transfer of Brazilian wipes business in the third quarter 2012

    Ahlstrom, a global high performance materials company, estimates that the transfer of the Brazilian operation of its former wipes fabrics business, Home and Personal, to Suominen Corporation will take place in the third quarter of 2012.

    Ahlstrom had previously anticipated that the transfer would have taken place in the second quarter of 2012. The transfer is subject to receiving all necessary Brazilian regulatory permits for the operations.

    The Home and Personal business area excluding the Brazilian part of the operation was transferred on October 31, 2011 to Suominen Corporation. Receiving an approval from the competition authorities in Brazil is not a prerequisite for completing the transaction.

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  • 06.21.2012

    Domtar releases updates to its online tool - The Paper Trail

    To bolster its industry-leading transparency tool, Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced an expansion of its award-winning site, The Paper Trail (www.domtarpapertrail.com).  The move adds more products and an additional mill, among other updates, to help customers learn even more about the environmental and social impacts of Domtar paper.

    Since its launch in June 2011, industry observers and sustainability experts, including Joel Makower, Executive Editor of GreenBiz.com, have noted that the site's transparency gives the tool and Domtar credibility. With its third update to The Paper Trail, Domtar's online calculator will now include:

    Two additional products - EarthChoice® Tradebook, the first publishing grade to be highlighted in the tool, and Lynx® Opaque Ultra, a popular commercial printing paper;
    Pictures, stories and a history of Domtar's Nekoosa, Wisconsin mill, where paper making traces its heritage back to 1840;
    Updated environmental impact data for all grades highlighted within the tool, ensuring results are accurate and relevant; and,
    Newly posted pictures and stories for mills previously included in The Paper Trail.
    "We're pleased that The Paper Trail has set the standard among today's industry calculators, and we're proud that we've raised the bar even further by providing additional transparency," said Lewis Fix, Domtar Vice-President of Sustainable Business and Brand Management.  "By continually expanding The Paper Trail, we're helping our customers gain a broader understanding of the Domtar story, and a better visibility of where their products come from."

    The Paper Trail (www.domtarpapertrail.com) develops personalized reports that measure Domtar products across five categories:  water usage, the distance its fiber travels to a paper mill, greenhouse gas (GHG) emissions, waste send to landfills and renewable energy usage.  The Paper Trail also illustrates how Domtar compares to the rest of the industry in these categories.  In cases where the environmental impact can be improved, Domtar voluntarily discloses the information, as well as the efforts underway to make improvements.

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