Paperclips Blog | Wausau Paper Results

  • 09.28.2011

    UPM Raflatac opens a slitting and distribution terminal in Moscow, Russia

    UPM Raflatac has opened a new slitting and distribution terminal in Moscow, Russia. The new terminal will supply the local labelling market with high-quality film and paper labelstock.

    The terminal started operations in September and will serve customers in the Moscow region. This is Russia’s biggest labelstock market, where high demands are placed on quick delivery.

    “Covering the number of customers in the Moscow region and providing the strictly required 24-hour delivery are obvious reasons for having a terminal close to Moscow,” says Dmitrij Strechin, Country Manager, Russia and Kazakhstan. “Moscow is a highly competitive area for both printers and suppliers of self-adhesive laminate, so operations need to be in accordance with very high quality and service standards.”

    The Moscow terminal complements UPM Raflatac’s service and logistics network in Russia, comprising a slitting and distribution terminal in St. Petersburg and sales offices in Moscow and St. Petersburg. UPM Raflatac is the only supplier in the industry with a direct distribution model in Russia.

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  • 09.28.2011

    American Greetings Announces Second Quarter Earnings

    American Greetings Corporation today announced its results for the second fiscal quarter ended August 26, 2011.

    For the second quarter of fiscal 2012, the Company reported total revenue of $368.8 million, pre-tax income of $25.0 million, and net income of $14.5 million or 35 cents per share (all per-share amounts assume dilution).  Compared to the prior year, revenue increased approximately $26 million.  Included within these results was a pre-tax benefit from the sale of certain minor characters in our intellectual property portfolio of $4.5 million (after-tax of approximately $2.8 million) or approximately 7 cents per share.

    For the second quarter of fiscal 2011, the Company reported total revenue of $342.8 million, pre-tax income of $17.0 million, and net income of $8.5 million or 21 cents per share.  During the quarter, the Company incurred pre-tax costs associated with the integrations of Papyrus and Recycled Paper Greetings of $5.2 million (after-tax of approximately $3.2 million) or approximately 8 cents per share.

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  • 09.28.2011

    Oil Drops After Biggest Gain in 4 Months on Concern Global Economy to Slow

    Oil fell in New York, heading for the biggest quarterly decline since 2008, on speculation that fuel demand will drop as the U.S. economy slows and Europe’s debt crisis batters consumer sentiment.

    Futures slipped as much as 2.1 percent after posting the biggest gain in four months yesterday. U.S. inventories of gasoline and crude oil increased last week, according to a Bloomberg News survey before today’s Energy Department report. Commerce Department data today may show U.S. durable goods orders fell and a report tomorrow may confirm European consumer confidence slid to a two-year low in September.

    “We’re likely to see more of a correction in oil prices as the slowdown in economic growth and demand does not bode well,” said Eliane Tanner, an analyst at Bank Sarasin & Cie AG in Zurich, who last month correctly predicted oil would drop. “Brent prices could go below $95, but as we approach $90 it becomes a buying opportunity.”

    Crude for November delivery slid as much as $1.79 to $82.66 a barrel in electronic trading on the New York Mercantile Exchange and was at $84.10 at 11:10 a.m. London time. The contract yesterday climbed $4.21, or 5.3 percent, to $84.45. It was the biggest gain since May 9.

    Oil is down 5.3 percent this month and 8 percent this year. Prices have dropped 12 percent since the end of June, the biggest quarterly loss since the last three months of 2008.

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  • 09.28.2011

    An ‘EXPERTCUT’ for Nottingham

    Chesapeake Nottingham will soon see the arrival of the latest Bobst Expertcut 106 PER die-cutter which will lift production capacity. The machine die-cuts, strips, and separates printed sheets into piles of carton blanks, ready for folding and gluing.

    Mike Cheetham, Chesapeake’s CEO, who visited Bobst’s Competence Center in Lausanne, Switzerland to view the new machine, said, “Installing the latest Bobst die-cutter technology at Nottingham is a further step in our unmatched investment programme. Over the past two years, our investment in new generation production equipment has helped to strengthen the service levels we deliver to our customers.”

    The new machine features a sophisticated register system which delivers outstanding die-cut to print register accuracy. The machine also features ‘full sheet delivery’ which means that any jobs not requiring blank separation can be die-cut and stripped as quickly and easily as on a non-blanking die-cutter.

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  • 09.28.2011

    Hearst Magazines Surpasses 300,000 Paid Digital Circulation on Tablets and E-Readers

    Hearst Magazines has exceeded 300,000 paid distribution for its digital editions, it was announced today by David Carey, president, Hearst Magazines. Across multiple platforms, including iTunes, B&N Nook Color and the Zinio Newsstand, Hearst brands have captured more than 300,000 combined monthly digital edition subscriptions and single copy sales, a 10x increase versus September last year. As the tablet and e-reader space expands, Hearst expects its digital subscription business to continue to steadily increase.

    “We’re very bullish on our digital subscription business and the potential for it to grow as new devices and platforms enter the market,” Carey said. “As consumers increasingly have more options for accessing magazine content, our strategy is to be everywhere, both to satisfy reader demand and capture additive audiences for our brands.”

    Hearst is the only major magazine publisher to have its magazines for sale on every device currently in the market, through a combination of digital replicas and enhanced editions. The company was an early proponent of digital editions of its magazines, selling initially on the Zinio platform as early as 2005.

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  • 09.28.2011

    Harland Clarke Installs Two Océ Inkjet Presses

    Océ, a Canon Group company and an international leader in digital document management, announced that Harland Clarke has installed two Océ JetStream 2200 continuous-feed inkjet printing systems and Océ PRISMA workflow software to further automate print production in its payment solutions and marketing services business units.

    Harland Clarke has long been recognized as an industry leader in providing a broad range of products and services to its nearly 11,000 financial institution clients. Business checks remain an important business offering in the payment solutions portion of this industry.

    Always seeking ways to better serve its clients and their account holders, Harland Clarke now offers full-color variable digital printing of customized checks from plain white stock. The technology of Océ’s end-to-end inkjet printing solution makes this possible. This technological advancement replaces monochrome printing on pre-printed security check stock.

    With the Océ JetStream 2200 production printing system, checks and other applications are printed in full color at high speed in a single-pass operation. This simplified process starts with white paper, adds full-color variable data with embedded security features—including digital pantographs and MICR lines—and ends with in-line finishing. The security features of the business checks meet or exceed U.S. banking requirements.

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  • 09.28.2011

    Raflabrite Paper Labelstock now FSC Certified

    UPM Raflatac is moving all high-volume Raflabrite product combinations to FSC® certification. Supplying certified papers gives label converters the opportunity to offer products from sustainably managed forests without a price premium.

    “We‘re making forest certification the standard for our main paper product range,” explains Neil Fedorowycz, Director for Prime business segment at UPM Raflatac in Europe. “This is our direct response to growing demand from customers and major retailers for certified products and improved sustainability credentials for their packaging.”

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  • 09.28.2011

    Postal Service Workers Rally Against ‘Manufactured' Crisis

    Postal workers and their supporters plan to rally in congressional districts across the country Tuesday afternoon, hoping to convince their representatives that cuts being considered to the U.S. Postal Service's system and workforce are unnecessary and counterproductive.

    So far, their argument has been drowned out amidst grave declarations of a financial crisis at the agency. Earlier this month, the postmaster general warned Congress of a looming default and eventual bankruptcy; a government accountability official declared the postal service's business model "broken"; and even President Obama, in his recent $3 trillion deficit-reduction plan, said the postal service should be allowed to eliminate Saturday delivery in order to save itself. The agency is projected to post a $10 billion loss this year.

    But Fredric Rolando, president of the National Association of Letter Carriers (NALC), one of a handful of unions spearheading the rallies Tuesday, said his group has been trying to combat what he describes as misinformation surrounding the postal service's real financial status. He said that large-scale cuts to the system -- including the possible closings of lower-volume post offices -- are not imperative, and could actually end up hurting the service in the long run.

    "It's a choice, not a necessity," Rolando said. "Someone is choosing to take our communications system apart. ... That's what you're seeing discussed -- the reduction of delivery days, the reduction in service standards, the consolidation of processing plants. It's just a dismantling of the service as we know it."

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  • 09.27.2011

    UPM awarded FSC certificate for company's forests in Finland

    UPM is the first Finnish company to be awarded a certificate for complying with the new FSC (Forest Stewardship Council) standard. The FSC certificate covers around half of UPM's forests in Finland. UPM's forests have previously been awarded a PEFC (Programme for the Endorsement of Forest Certification Schemes) certificate.

    "FSC certification of Finnish forests further expands UPM's portfolio of eco-labelled products. We already have the markets' most extensive selection of paper products with the EU Ecolabel. Forest certificates, such as FSC and PEFC are a guarantee to our customers that our wood fibre comes from sustainably managed forests," says Thomas Ehrnrooth, Vice President, Marketing, Paper.

    The first UPM products manufactured from FSC-certified Finnish fibre will be available on the market in autumn 2011.

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  • 09.27.2011

    DEP commissioner approves operating licenses for mills' new owners

    Maine Department of Environmental Protection Commissioner Patricia W. Aho signed over operating licenses for two dormant paper mills to their imminent owner late Wednesday afternoon, a move that brings the restoration of hundreds of jobs in the Katahdin region one step closer to reality.

    DEP spokeswoman Samantha DePoy-Warren said the numerous licenses cover issues ranging from wastewater and solid waste disposal to storm water runoff to processes that will be used to scrub the smokestacks of the mills in East Millinocket and Millinocket. A 20-day public comment period required by law came and went without a single comment filed, according to DePoy-Warren, who said the DEP was able to expedite its approval because the permits in question already were held by the mills’ previous operator, Brookfield Asset Management.

    Though the transfer has been signed, the operating licenses are contingent on another crucial aspect of the overall deal: the State Planning Office taking ownership of the Dolby landfill in East Millinocket, which also requires a DEP permit. The 20-day comment period for that part of the deal ends on Sept. 26, and unlike the other permits, there already is opposition.

    The Portland-based Conservation Law Foundation is raising concerns that the state’s plan to assume ownership of the landfill violates the Maine Constitution because it saddles the state with millions of dollars in future operations and closure costs. The foundation, which focuses on environmental advocacy, has filed the only letter of concern received by the DEP to date.

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  • 09.27.2011

    Oil Gains on Optimism Europe Will Tame Debt Crisis, Boosting Fuel Demand

    Oil rose for a second day in New York on speculation European governments will tame their sovereign-debt crisis, tempering a slowdown in the region’s economy and demand for raw materials.

    Futures gained as much as 2.8 percent, trimming the biggest quarterly decline since the global financial crisis in 2008. U.S. Treasury Secretary Timothy F. Geithner predicted Europe will intensify efforts to contain its debt problems after being pressured at international meetings in Washington last week. The European Union accounted for 16 percent of global oil consumption last year, according to BP Plc’s annual Statistical Review of World Energy.

    “If there’s a credible plan that is good enough and certain enough to restore reasonable confidence to the world, then a lot of things are going to look cheap at current prices and that probably includes oil,” said Ric Spooner, a chief market analyst at CMC Markets in Sydney.

    Crude for November delivery climbed as much as $2.26 to $82.50 a barrel in electronic trading on the New York Mercantile Exchange. It was at $82.16 at 3:19 p.m. Singapore time. Oil has dropped 14 percent from the end of June, the biggest quarterly loss since the three months ended December 2008. Prices are down 7.5 percent this month and 10 percent this year.

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  • 09.27.2011

    August European Fine Paper Statistics

    CEPIFINE today reported Fine Paper statistics for August and 2011 year-to-date.
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  • 09.27.2011

    CEPIPRINT publishes August Statistics

    CEPIPRINT, the Association of European Publication Paper Producers, issues today its monthly summary of European (Western + Eastern) mechanical paper statistics.
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  • 09.27.2011

    Walgreen Co. Reports 6.5 Percent Increase in Fourth Quarter Sales

    Walgreen Co. today announced strong sales and earnings results for the fourth quarter and fiscal year 2011 ended Aug. 31.

    Fourth quarter sales increased 6.5 percent from the prior-year quarter to $18.0 billion. For fiscal year 2011, sales increased 7.1 percent from the prior year to a record $72.2 billion. Total sales in comparable stores (those open more than a year) increased 4.4 percent in the quarter, while front-end comparable drugstore sales increased 4.6 percent in the quarter. Customer traffic in comparable stores increased 1.6 percent for the fourth quarter, while basket size increased 3.0 percent.

    During fiscal 2011, the company returned $2.4 billion to shareholders through share repurchases and dividends. Cash flow from operations for the fiscal year reached $3.6 billion. In July 2011, the company announced a new $2 billion share repurchase program, its third since October 2009, while increasing its quarterly dividend rate by 28.6 percent.

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  • 09.26.2011

    Paper mill reopening possible

    AbitibiBowater is considering reopening a second shuttered Quebec paper mill after unionized workers in Dolbeau-Mistassini unanimously agreed to change their contracts.

    The Montreal-based company now needs to secure a government supply of fibre for at least five years and then address energy issues at the mill.

    Some 240 workers were employed at the mill's two specialty-grade commercial printing machines when production stopped in June 2009. It was permanently closed a year later, along with a newsprint mill in Gatineau.

    Each may reopen operating with just one paper machine.

    "This is in the possibility of restarting the mill as it is in Gatineau, but we're not there yet. It's a first step," said spokesman Pierre Choquette.

    As was the case in Gatineau, workers agreed to some sub-contracting of mechanics and workshop functions and other changes that don't affect wages, pensions or vacations.

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  • 09.26.2011

    House Panel Approves Bill For Five-Day Postal Delivery

    A House of Representatives subcommittee approved legislation Wednesday to end Saturday mail delivery. The bill would drastically reduce the U.S. Postal Service’s workforce and its network of 32,000 post offices and processing plants.

    The bill would also phase out delivery to front-door mail slots as part of an overhaul of the Postal Service.

    What’s more, the bill, cosponsored by Reps. Darrell Issa (R-CA) and Dennis Ross (R-FL) would create a five-member board to assume control of the struggling Postal Service's finances if the agency misses any payment to the federal government. The UPSP has a $5.5 billion retiree healthcare payment due at the end of each September.

    The proposed board could also override union contracts and order layoffs to help the fiscal health of the USPS.

    President Obama earlier this week advocated the end of Saturday mail delivery.

    Hamilton Davison, executive director of the American Catalog Mailers Association, says Issa’s focus on excess postal costs is “exactly the correct focus. Facilities, plants, people and frequency all need to be a part of that.”

    As regrettable as losing delivery days or postal jobs is, Davison says, there are no viable alternatives. “Raising rates will only drive more mail out of the system, as everyone saw with the massive volume loss of catalogs following the 2007 rate hikes, and will cause far more private sector job loss in an industry that employs eight million Americans.”

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  • 09.26.2011

    Espresso Book Machine Adds Harper Backlist

    On Demand Books’ Espresso Book Machine has had a difficult time gaining traction with just a couple of dozen booksellers using the printer, but the company hopes that will change now that it has reached an agreement with HarperCollins under which HC will make available over 5,000 trade paperback titles through the machine.
     
    Harper will begin making its trade paperbacks, both children and adult titles, available starting in November. Titles from Zondervan and HarperCollins Canada will be available early next year. Titles will be sold under the agency model and prices will be the same as regularly-printed books. Authors will receive a regular print royalty. Booksellers must stock some HC print editions to qualify for what HC calls its “Comprehensive Backlist” program. The number of print editions a store must stock will be determined by the size of the outlet. HC estimated that depending on the size of the store, physical stores carry between 25% and 80% of its backlist.
     
    HC is the first of the Big 6 trade houses to sign up with On Demand.
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  • 09.26.2011

    Tronox Acquires Exxaro's Mineral Sands Operations

    Tronox Incorporated, a leading producer and marketer of titanium dioxide pigment, and Exxaro Resources Limited, a leading mineral sands producer of titanium dioxide feedstock and zircon, today announced a definitive agreement under which Tronox will acquire Exxaro’s mineral sands operations, which include Exxaro’s 50 percent interest in the Tiwest Joint Venture with Tronox in Western Australia, along with 74 percent of Exxaro’s KZN Sands and 74 percent of its Namakwa Sands operations in South Africa, in exchange for approximately 38.5 percent of Tronox’s equity. Exxaro’s mineral sands operations produce the key titanium bearing ore feedstock used in the production of titanium dioxide pigment.

    The combined entity will have approximately 3,500 total employees in 16 locations around the world. Combined trailing 12 month revenues were $2.0 billion and EBITDA was $495 million (excluding any synergies). With the addition of the 50 percent interest in Tiwest, Tronox’s production capacity will increase to approximately 465 thousand tonnes of titanium dioxide pigment and will be backward integrated with production capacity of approximately 95 thousand tonnes of natural rutile, approximately 380 thousand tonnes of slag and approximately 220 thousand tonnes of synthetic rutile all of which are materials that can be used in the production of titanium dioxide. In addition, Tronox will have the capacity to produce a number of other minerals including approximately 265 thousand tonnes of zircon and approximately 220 thousand tonnes of pig iron.

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  • 09.26.2011

    Crude Oil Falls to Six-Week Low on Fears of Global Recession

    Oil sank to its lowest in more than six weeks, falling with other commodities and equities as a pledge by Group of 20 nations to tackle risks failed to ease concern the global economy is on the brink of another recession.

    Futures fell as much as 3.3 percent in New York, extending yesterday’s 6.3 percent decline. Brent crude in London slid as much as 1.9 percent as European equity markets reversed earlier gains. Prices may fall next week on concern economic growth will slow in the U.S. and China, a Bloomberg News survey shows.

    “Oil prices have reacted strongly to the deterioration of the economic environment,” Christophe Barret, a London-based analyst at Credit Agricole SA, wrote in a report today.

    Crude for November settlement on the New York Mercantile Exchange declined as much as $2.60 to $77.85 a barrel, the lowest price since Aug. 9, and was at $77.91 at 1:02 p.m. London time. Futures are down 11 percent this week, headed for their biggest drop since the five days ended May 6.

    Brent for November delivery fell $1.87, or 1.8 percent, to $103.62 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at premium of $25.71 to U.S. futures.

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  • 09.26.2011

    Sonoco's Trident Division Enters into Alliance with Janoschka Group

    Sonoco announced today that its Trident division, which provides print tooling and global graphics management, has entered into a strategic alliance with Janoschka, a German-based global supplier of prepress solutions and tooling, to provide global consumer products goods companies and rotogravure printers with the widest coverage area available in the market.

    According to Bob Carroll, Trident general manager, the two companies will share technologies and communication systems to ensure global consumer products goods companies with fast, effective and consistent management of all their rotogravure tooling requirements.

    Based in Hull, England, Trident and its 450 associates operate global graphics management systems from nine locations across Europe, Asia and North America, and have print tooling capability in three locations in the United States and Canada.

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  • 09.23.2011

    'It's make or break': East Millinocket mill to open Oct. 10

    The new owners of the local paper mill toured the facility Wednesday for the first time since buying it last week and announced plans to start filling a full year of orders with 215 workers by Oct. 10.

    With more than 500 job applications to review and an Oct. 30 deadline by which he needs his first order shipped, Great Northern Paper Co.’s new CEO said the mill would start ramping up next week. Mill managers will report to work Thursday and Friday. Another 50 workers eventually could be hired as other mill production resumes.

    “It is a very short window. It puts a lot of pressure on everybody,” said Richard Cyr, a senior vice president at the mill’s parent company, Cate Street Capital of Portsmouth, N.H. “It’s make or break.”

    “We are depending on the strength, conviction and ability of the region’s papermakers, their talent, to produce the paper,” he added. “Everyone will have to come together to make this work.”

    In one of his biggest economic development coups, Gov. Paul LePage finished work begun by his predecessor when he announced late Friday that Cate Street had bought the East Millinocket and Millinocket mills in escrow for an undisclosed price from Brookfield Asset Management. A final mill sale is expected Sept. 27.

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  • 09.23.2011

    'Ebony,' 'Jet' Parent Takes A Bold New Tack

    Johnson Publishing Co., the black American icon based in Chicago, is hiring. It's a sharp turnaround for a company that saw circulation numbers and revenue for its flagship Ebony and Jet magazines plummet over a number of years. Those numbers are on the rise now, and company officials say questions about Johnson Publishing's ability to survive the turmoil in the media industry are no longer relevant.

    The CEO of Johnson Publishing, former White House Social Secretary Desiree Rogers, has been on the job now for just over a year. Rogers' job is to breathe new life into the company's magazines, along with its Fashion Fair Cosmetics line.

    "There's a new energy," Rogers says, "a new excitement and a new pace. We're taking what was and building on that to the next level."

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  • 09.23.2011

    Oil Climbs After Sliding to Six-Week Low; Prices Head for Weekly Decline

    Oil rose from a six-week low in New York as investors speculated the biggest weekly drop in almost two months is exaggerated, while central bankers from the Group of 20 pledged to address risks to the global economy.

    Futures climbed as much as 1.6 percent after plunging 6.3 percent yesterday and dipping below $80 earlier today. Finance chiefs from the Group of 20 nations said they would address “heightened downside risks” from sovereign debt and slowing growth. Prices may fall next week on concern economic growth will slow in the U.S. and China, a Bloomberg News survey shows.

    “Markets sold off very aggressively yesterday,” said Mark Thomas, head of energy futures at Marex Group Ltd. in London. “That selling has run its course for the moment.”

    Crude oil for November delivery climbed as much as $1.30 to $81.81 a barrel in electronic trading on the New York Mercantile Exchange and was at $81.42 at 9:22 a.m. London time. The contract yesterday dropped $5.41 to $80.51, the lowest settlement since Aug 9. Prices are down 7.4 percent this week.

    Brent oil for November settlement gained $1.28, or 1.2 percent, to $106.77 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at premium of $25.32 to U.S. futures, compared with a record $26.87 on Sept. 6, based on November settlement prices.

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  • 09.23.2011

    SKI Magazine Celebrates 75 Years with Special Anniversary Issue

    SKI, the largest publication devoted to winter lifestyle, commemorates its 75th anniversary with a special themed issue this October. The magazine, published by Bonnier Corp., hits newsstands Sept. 27.

    For winter travel enthusiasts and avid skiers, the issue includes a decade-by-decade history of skiing, 75 years in photos and a forward-looking feature in which SKI asks industry leaders to predict the next 75 years in the mountains.

    Additionally, on Saturday, Oct. 15, SKI will convene a who's who of industry VIPs at a 75th birthday celebration hosted in conjunction with its Resort Awards Gala. The event will take place at The Arete in Boulder, Colo., and will be hosted by SKI's editorial director, Greg Ditrinco.

    Seventy-five years strong, SKI increased its rate base from 400,000 to 450,000 in 2010 and has brought 70-plus advertisers into the magazine in 2010-2011 to date.

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  • 09.23.2011

    EPA Launches Green Product Web Portal

    The U.S. Environmental Protection Agency has launched a green products web portal that can help manufacturers find information on standards and criteria for designing greener products.

    On the new tool’s home page, which was launched to coincide with pollution prevention week (September 19-25, 2011), businesses can choose what category of product they are seeking help with and click through to EPA advice on what programs are applicable for that product. Companies can then find out at performance specifications the product must meet to join the program.

    Consumers can also use the site to find electronics and appliances that have earned EPA’s Energy Star label, WaterSense products that help save energy and water, and cleaning products bearing the EPA Design for the Environment label.

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  • 09.23.2011

    FedEx Express to Increase Shipping Rates

    FedEx Corp. will increase shipping rates for FedEx Express by a net average of 3.9% for U.S. domestic, U.S. export and U.S. import services effective January 2, 2012.

    The full average rate increase of 5.9% will be partially offset by adjusting the fuel price threshold at which the fuel surcharge begins, reducing the fuel surcharge by two percentage points.

    The FedEx Ground and FedEx SmartPost pricing changes for calendar 2012 will be announced later this year.  FedEx Freight implemented a 6.75% general rate increase on Sept. 6, 2011.

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  • 09.23.2011

    FedEx Corp. Reports Higher Revenue and Earnings

    FedEx Corp. today reported earnings of $1.46 per diluted share for the first quarter ended August 31, compared to $1.20 per diluted share a year ago, a year-over-year increase of 22%.

    “Revenue and earnings increased significantly in the quarter due to strong FedEx Ground performance, improved FedEx Freight results and the continued success of the company’s yield management actions,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. “While the economic environment is challenging, we remain confident FedEx will improve earnings, margins and cash flows this fiscal year.”

    FedEx Corp. reported the following consolidated results for the first quarter: Revenue of $10.52 billion, up 11% from $9.46 billion the previous year; Operating income of $737 million, up 17% from $628 million last year;  Operating margin of 7.0%, up from 6.6% the previous year; Net income of $464 million, up 22% from last year’s $380 million.

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  • 09.23.2011

    Garden & Gun Boasts Largest Advertising Issue Ever

    Garden & Gun has a long history, despite only launching in April 2007.

    After a near death experience in January 2009 when previous publisher Evening Post Publishers Co. pulled out its five-year agreement with the magazine (and the departure of editor Sid Evans in July 2011), Garden & Gun is today touting its largest issue ever with ad pages up 160 percent year-over-year for the October/November issue.

    Meanwhile, ad pages are up 160 percent. FOLIO: spoke with G & G publisher Barbara Bing about the success, and the strategies that increased ad spending both in print and online.

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  • 09.23.2011

    Thumb Media Group Unveils Upgrades to Mozine Platform

    Thumb Media Group®, developer of the MOZINE® mobile publishing solution and part of the Fry Family Network™, is pleased to announce several improvements to the platform. These upgrades improve the MOZINE® experience for the reader and also impact the profitability of offering the MOZINE® for the publisher.

    For the consumer, all of the upgrades add up to a much faster and more user-friendly experience. Download speeds and load times between pages are greatly improved, the content is now available for offline viewing and a sleek new image gallery layout has been developed. 

    “The improvement in reader experience is tremendous,” said Jared Katzman, VP of Sales and Marketing at TMG. “Reader expectations in terms of load times and app features continue to grow, and the developers at TMG have kept pace with those expectations.”

    On the publisher side, TMG simplified and streamlined the workflow required to “mobilize” publisher content.  Using proprietary screen scraping technology, TMG grabs and formats content properly for all major mobile screens. 

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  • 09.23.2011

    H.B. Fuller Enters Strategic Partnership with Graco to Offer Innovative Packaging Sealing System

    H.B. Fuller Company now offers a unique adhesive and equipment system for the packaging industry utilizing its recently acquired Liquamelt® adhesive technology. To provide specialized fluid handling equipment that will pump, process and dispense innovative Liquamelt adhesive, H.B. Fuller has partnered with Graco Inc. (NYSE: GGG). The adhesive and equipment system has been tested extensively with customers and will be demonstrated to the packaging industry for the first time at PACK EXPO 2011, September 26-28.

    The Liquamelt system is an alternative to both conventional hot and cold adhesive systems that brings many advantages to the packaging market. This unique system may reduce adhesive use by more than 50 percent compared with traditional hot melt adhesive technologies. Liquamelt adhesive also provides environmental benefits with its formulation that consists of 40 percent sustainable raw materials. Providing "Cool on Delivery, Hot on Demand" technology, the Liquamelt system eliminates the need for hot tanks and hoses while reducing energy consumption, compared with conventional hot melt systems.  

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  • 09.23.2011

    Association of American Publishers Supports Banned Books Week

    Book censorship violates First Amendment rights and constrains people’s inherent curiosity about the world around them, the Association of American Publishers noted in its support of national Banned Books Week, September 24-October 1. AAP also pointed to the internet and social media as valuable tools to provide readers, particularly parents, with rich information about content.

    AAP, the trade association for the US publishing industry, is one of the 10 organizations sponsoring the popular annual event celebrating the freedom to read and the importance of the First Amendment.

    Many AAP member publishing houses are also recognizing Banned Books Week with special web content and publications, social media, author essays, events and supplemental materials for librarians and teachers.

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  • 09.23.2011

    The UPS Store and U.S. Postal Service Team Up to Promote Small Business

    The UPS Store ® and the U.S. Postal Service ® are working together to provide small businesses with a new, cost-effective direct mail program.

    By identifying geographic areas by city, neighborhood or a specified distance from their businesses, the U.S. Postal Service's Every Door Direct Mail-Retail (EDDM Retail or EDDM-R) service allows small businesses to advertise to every delivery address in their target markets without the need for a mailing list. 

    "When it comes to marketing, it is important for small businesses to make it local," said Stuart Mathis, president of Mail Boxes Etc., Inc., franchisor of The UPS Store. "By working with the U.S. Postal Service, The UPS Store franchise network now provides one convenient destination for the small business community to effectively and efficiently communicate with their target audiences."

    The EDDM-R program allows small business customers to work with their local The UPS Store center to print and distribute high-quality direct marketing pieces to every address in a designated neighborhood.

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  • 09.23.2011

    KapStone to Acquire U.S. Corrugated

    KapStone Paper and Packaging Corporation today announced that it has signed an agreement to acquire the stock of U.S. Corrugated, Inc. ("USC") for $330 million in cash and subject to certain post-closing adjustments. Closing of the acquisition is subject to a number of customary conditions, including regulatory review and receipt of financing.

    USC operates a 240,000 ton recycled containerboard paper mill in Cowpens, SC and 20 converting facilities in the eastern and mid-western United States. Six of such operating facilities will be disposed of by USC prior to the closing. Those facilities will remain under the management and control of Dennis Mehiel, Chairman of the Board and current majority stockholder of U.S. Corrugated. USC has been successful in creating strong, long-term customer relationships resulting from outstanding service, quality and innovation. In 2010, the operations to be acquired from USC generated $423 million in net sales.

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  • 09.23.2011

    Oji Paper To Buy Out Brazil's Fibria Copy Paper Unit

    Oji Paper Co. said Thursday it will acquire a copy paper maker under Brazil's Fibria Celulosa S.A. (FBR), the world's leading pulp and paper maker, Kyodo News reported.

    Oji Paper will purchase later this month from Fibria all shares in Piracicaba Industria de Papeis Especiais e Participacoes Ltda. for Y24 billion.

    The Brazilian company, with an annual output capacity of 120,000 tons, will serve as a South American base for Oji, which has copier and printer paper manufacturing units in Asia, Europe and North America.

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  • 09.23.2011

    Discover Financial Services Reports Third Quarter Net Income of $649 Million or $1.18 Per Diluted Share

    Discover Financial Services today reported net income of $649 million for the third quarter of 2011, as compared to $261 million for the third quarter of 2010.

    Third Quarter Highlights: Discover card sales volume was an all-time record of $26.3 billion in the quarter, up 9% from the prior year. Total loans grew 8% from the prior year to $54.1 billion and were up 3% from the prior quarter, with credit card loans up 2% from the prior year and 3% from the prior quarter. The delinquency rate for credit card loans over 30 days past due continued to decline reaching a new record low of 2.43%. The credit card net charge-off rate declined to 3.85%. Payment Services pretax income was $38 million. Transaction volume for the segment was $45 billion in the quarter, an increase of 15% from the prior year. The company repurchased 8.4 million shares in the third quarter for $198 million.

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  • 09.22.2011

    Packaging Corporation of America Announces Investment in Muhlenberg Township, Berks County

    Packaging Corporation of America announced today that it will expand in the Commonwealth of Pennsylvania by opening a new manufacturing facility in Muhlenberg Township next month.

    The leased facility is expected to create fifty new, full-time jobs within three years of opening.

    Commenting on the investment, Thomas A. Hassfurther, Executive Vice President, said, "Our decision to expand in Southeastern Pennsylvania is a testament to the dedicated employees of the region. Our investment in additional corrugated products capacity was driven by customer demand. Expanding our network of plants in this region reinforces our commitment to continue providing outstanding quality and superior service to our customers."

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  • 09.22.2011

    Total Printing-Writing Paper Shipments in August Down 6.4% from 2010

    According to the American Forest & Paper Association’s August 2011 Printing-Writing Paper Report, total printing-writing paper shipments decreased 6.4% in August compared to August 2010. All four major printing-writing grades posted decreases compared to last August. U.S. purchases (shipments + imports – exports) of printing-writing papers decreased 10% in August. Total printing-writing paper inventory levels decreased 4% compared to July 2011.
     
    Some points of interest from the report include: July exports of uncoated free sheet (UFS) increased year-over-year for the fifth straight month. Shipments of coated free sheet (CFS) decreased year-over-year for the ninth consecutive month. Coated mechanical (CM) purchases decreased year-over-year for the fifth consecutive month. Uncoated mechanical (UM) shipments decreased year-over-year for the fifth consecutive month following 15 consecutive months of year-over-year increases.
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  • 09.22.2011

    Fire incident at Ahlstrom's Mozzate plant in Italy

    A fire broke out at Ahlstrom's Mozzate wipes fabrics plant in Italy and caused damage to one of the production lines.

    The blaze was extinguished by the local fire brigade. Nobody was injured and the building was not damaged by the fire. Based on initial investigation, production at the affected line is expected to be halted for a minimum of two months for repair. Otherwise, production is likely to be resumed in the coming days after an inspection.

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  • 09.22.2011

    Curwood Makes a Significant Impact on Cheese Packaging Source Reduction

    Through the integration of Curwood's patented 7201 series of chunk and sliced cheese horizontal flow wrap film, a reduction of 25 million cubic inches of packaging materials has been recorded by Curwood to date. This reduction was achieved through two ways: taking Curwood’s previous chunk and sliced platform to a new advanced standard and transitioning customers from existing competitive film platforms. Through the use of Curwood’s proprietary coextrusion technology and material engineering, Curwood has achieved increased abuse resistance, barrier properties and the value proposition of chunk and slice cheese packaging. The result is less material used, increasing the product to package ratio.

    Curwood’s product development philosophy is routed in providing packaging solutions through technology and material science. This philosophy commonly results in sustainable gains as represented by a multitude of Curwood products.

    The force behind the engineering of Curwood’s 7201 film series was to increase the abuse resistance related to pack-off and distribution of finished product. Distribution is a highly uncontrollable environment and several factors can influence the action of pinholing and box abrasions related to product pack-off and distribution.

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  • 09.22.2011

    Oil Drops to Two-Week Low as Fed Sees Downside Risk; U.S. Pumps More Crude

    Oil fell to the lowest price in more than four weeks in New York after the U.S. Federal Reserve cited “significant downside risks” to the economic outlook in the world’s biggest crude-consuming nation.

    Futures slipped as much as 4.5 percent, declining with other commodities and European equities markets. The Fed said it will buy $400 billion of long-term debt in an attempt to keep the economy from relapsing into a recession. U.S. gasoline stockpiles climbed more than forecast last week and the nation’s oil production rose to the highest in eight years, Energy Department reports showed.

    “We’ve seen equities come down, we’ve seen the euro-dollar being hit, and that’s feeding through to commodities,” said Christin Tuxen, a senior analyst at Danske Bank A/S in Copenhagen, who expects North Sea Brent crude to drop to near $100 a barrel in the next month. The Fed’s decision not to implement an outright third round of so-called quantitative easing “leads investors to take their money out of the risky assets like oil,” she said.

    Crude for November delivery on the New York Mercantile Exchange dropped as much as $3.86 to $82.06 a barrel, the lowest intraday price since Aug. 22. It was at $82.17 at 11:59 a.m. London time, up 10 percent from a year ago.

    Brent oil for November settlement fell $3.17, or 2.9 percent, to $107.19 a barrel on the London-based ICE Futures Europe Exchange. The European benchmark contract was at a premium of $25.02 to U.S. futures, compared with a record $26.87 on Sept. 6, based on front-month settlement prices.

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  • 09.22.2011

    Flint Group introduces BioCure F™– a new UV Flexo renewable ink system

    BioCure F™ is introduced globally in response to market demands for an ink system developed with bio-renewable raw materials that also maintain key properties available in other state-of-the-art UV Flexo ink systems.

    "We have been asked by leading converters, who in turn have been asked by consumer product companies, to develop a UV Flexo ink that rivals robust UV Flexo technology but that is also developed with bio-renewable materials" says Tom Hammer, Product Manager Flint Group Narrow Web. "We feel that BioCure F™ shows Flint Group’s ongoing commitment to develop greener, more sustainable products to help support the market’s environmental requirements."

    BioCure F has been thoroughly tested at multiple customer sites with very positive feedback, including – "adhesion is great on all colours on various recycled films," and "press performance and stability is excellent."

    BioCure F™ is a UV flexo ink system with excellent print and press performance. It offers benefits such as: Excellent viscosity provides very good run ability and overall ease of use = high productivity. High colour strength leads to low ink usage: very good release/transfer = cost savings. Consistent density leads to high productivity with consistent high print quality = reduction in waste and increase in press uptime. Excellent adhesion to multiple substrates allows printers to use the same ink for a UV synthetic application and a paper label application = reduced ink inventory. Low foaming and minimal plate swell allows for extended print runs = increased uptime. Formulated with bio-renewable materials provides printers with a sustainable solution = an environmentally friendly ink.

    BioCure F is available in the four colour process set and Pantone shades to enable a fully sustainable print for any graphic design.

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  • 09.22.2011

    Rite Aid Reports Second Quarter Fiscal 2012 Results

    Rite Aid Corporation today reported financial results for its fiscal second quarter ended August 27, 2011. 

    The company reported revenues of $6.3 billion, a net loss of $92.3 million, or $0.11 per diluted share, and adjusted EBITDA of $184.3 million, or 2.9 percent of revenues.  Results benefited from continued growth in same store sales and a decrease in selling, general and administrative (SG&A) expenses.  The prior year results included a $44 million charge related to refinancing activities. 

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  • 09.22.2011

    Postmaster General Outlines Postal Service’s New Reality

    In his annual state of the Postal Service address to the mailing industry and on the occasion of the 50th anniversary of the Postal Customer Council (PCC), Postmaster General and Chief Executive Officer Patrick Donahoe addressed a viewing audience of 8,000 today, describing the Postal Service’s new reality.

    “We have reduced our annual costs by more than $12 billion and our workforce has been reduced by 110,000 career employees over the past four years, but we must do significantly more to return to profitability,” said Donahoe. “We must reduce our annual costs by $20 billion by 2015 to be profitable, and we do not currently have the flexibility in our business model to achieve these cost reductions.”

    Donahoe praised postal employees for their hard work to bring about incredible cost savings while at the same time achieving record levels of service. He stated the Postal Service’s financial losses are due entirely to an overly restrictive business model and should not be interpreted as an indictment of the value of mail.

    The Postal Service has advanced a comprehensive package of proposals that will allow it to operate more like a business, and without several large financial mandates, including: Giving the Postal Service the authority to transition to a national five-day per week delivery schedule; and Resolving the retiree health benefit prepayment requirement.

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  • 09.22.2011

    Cenveo provides update to shareholders

    Cenveo, Inc. today provided shareholders with the following update.
    Robert G. Burton, Sr., Chairman and Chief Executive Officer stated: “Despite recent volatility in the global market, I am pleased to report that Cenveo’s operations continue to perform according to our expectations and that our business plan remains on track. Our end markets including custom labels, direct mail envelopes, specialty packaging and commercial print remain solid and our backlog in those markets remains strong as we near the end of the third quarter. Our integration efforts of EPG have progressed well to date and we remain ahead of our integration plan milestones. As I have stated before, we fully expect to generate strong free cash flow and use these funds to pay down debt and to invest in our future. Based upon these trends I remain confident that we are on track to deliver on our financial targets for 2011.”

    “I am also pleased to report that the Burton family is now the largest shareholder of Cenveo. We have continued to acquire shares in the open market and through our employee stock purchase plan. We plan to continue to increase our investment in the company over the foreseeable future. I look forward to further updating our investors during our third quarter results conference call on November 10, 2011.”

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  • 09.21.2011

    Ad Growth Slows, But Key Categories Soar

    More evidence is on its way that advertisers aren't feeling bullish about where the economy is headed. When Nielsen issues its first-half advertising expenditure report next week, it will show decelerating year-to-year growth from the first quarter to the second.

    Those findings are in line with what competitor Kantar Media showed in its first-half report released last week.

    Both reports come amid downgrades in ad forecasts by a number of Wall Street and Madison Avenue firms. Last week, for example, UBS reduced its estimate on U.S. ad spending growth next year to 3.6% from 4%. That downgrade was preceded recently by a number of others, including Barclays, which earlier this month downgraded its 2012 U.S. ad spend growth estimate to 4% from 5.2%.

    For this year, Barclays is predicting growth of just 1.4% for the U.S. Earlier it predicted an increase of nearly 3%.

    The Nielsen report will also show ad expenditure growth of 5% to around $53.2 billion for the first half of 2011 compared to the first half of 2010. That translates to 6% year-to-year growth in the first quarter, but just 3% growth in the second quarter, a Nielsen spokeswoman confirmed.

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  • 09.21.2011

    Manistique Papers employees return to jobs

    Monday marked the reopening of Manistique Papers after the company was forced to cease operations six weeks ago under Chapter 11 bankruptcy.

    But after receiving financial assistance from mBank and the Michigan Economic Development Corporation, it's back to work and back to making paper.

    Now it's full-steam ahead for the 90 year old company.

    Manistique Papers makes about 10,000 tons of paper every month. And Tuesday was the first day back for production workers. It was also the first time in 6 weeks that the paper machine has made paper.

    They'll retain most of their old business, but 25% - 35% of business will now be changed into package-oriented product lines.

    Traditional lines of printing and writing grades have been hit hard by the popularity of getting information from electronic media.

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  • 09.21.2011

    Adobe Reports Third Quarter Financial Results

    Adobe Systems Incorporated today reported financial results for its third quarter fiscal year 2011 ended Sept. 2, 2011.

    Third Quarter Financial Highlights: Revenue was $1.013 billion. GAAP diluted earnings per share were $0.39.  Non-GAAP diluted earnings per share were $0.55. GAAP operating income was $274 million.  GAAP operating margin was 27.1 percent.  Non-GAAP operating income was $366 million.  Non-GAAP operating margin was 36.1 percent. GAAP net income was $195 million.  Non-GAAP net income was $273 million. Deferred revenue grew to $484 million.

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  • 09.21.2011

    Amcor Packaging Distribution acquires Marfred Industries

    Amcor Packaging Distribution (APD) has acquired Marfred Industries, one of the largest independently owned packaging manufacturers and packaging distributors in the United States.

    With six locations in California, Marfred will significantly augment Amcor’s value proposition and position in the market. The combined businesses will provide new products, additional services and technical support for all customers. The business will be backed by Amcor’s extensive global supplier base, optimal logistics and a proven operational infrastructure.

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  • 09.21.2011

    Nearly 783,000 Acres of Newly Certified Forestland Give Boost to Alabama’s Paper Industry

    The American Tree Farm System® (ATFS), a program of the American Forest Foundation (AFF), announced today that 782,489 acres of privately owned Alabama forestlands have been certified by ATFS for their sustainable management practices. The certification of thousands of acres—representing 1,313 different forest properties—was possible thanks to an innovative pilot project involving the Alabama Forestry Commission, the Alabama Forestry Association, Alabama’s Sustainable Forestry Initiative (SFI) Implementation Committee and ATFS. The certification of so many acres makes Alabama a strong competitor to meet increasing global demand for certified timber.

    The newly certified forestlands give Alabama forest owners access to timber markets not available to them before, and will help the state keep timber-related jobs in a highly competitive global market that increasingly demands certified wood.

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  • 09.21.2011

    Oil Declines in New York After Report of Higher U.S. Crude Inventories

    Oil fell in New York as investors bet that fuel demand in the U.S. is waning as stockpiles rise, while supplies from the Middle East and Africa grow. Brent crude in London widened its premium over U.S. futures.

    New York oil slipped as much as 0.8 percent after the American Petroleum Institute said yesterday crude and gasoline supplies increased last week. A separate Energy Department report today was forecast to show inventories declined. Libya’s Arabian Gulf Oil Co. said it will be ready to export crude within a week.

    “Sentiment is still fragile,” Carsten Fritsch, an analyst at Commerzbank AG, said by phone from Frankfurt. “The general trend is still downwards” as gasoline demand in the U.S. is weak and Libyan oil supplies appear to be resuming sooner than expected, he said.

    Crude for November delivery slipped as much as 70 cents to $86.22 a barrel in electronic trading on the New York Mercantile Exchange and was at $86.54 at 11:34 a.m. London time. Yesterday, the contract advanced 1.3 percent to $86.92. Prices have risen 18 percent in the past year.

    Brent oil for November settlement gained 34 cents, or 0.3 percent, to $110.88 a barrel on the London-based ICE Futures Europe Exchange. The European benchmark contract’s premium to the West Texas Intermediate futures traded in New York widened to $24.34 after closing at $23.62 yesterday. The spread settled at a record $26.87 on Sept. 6.

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