After more than 100 years in business, Midland has grown from a single Midwest location to a national company with offices from coast to coast.
This type of growth requires relentless effort and a continual focus on doing things right.
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19Jul 19
Meredith Corporation And The New York Times Company To Introduce A Series Of Special Edition Magazines
Meredith Corporation's Special Interest Media Group, the nation's largest distributor of premium brand content and The New York Times Company, a global media organization, are introducing a series of Times-branded special edition publications that will be available at Meredith's Magazine Store, Amazon and on retail newsstands nationwide beginning July 26. The inaugural "Summer of '69" issue will coincide with The New York Times coverage of the 50-year anniversary of that summer. As part of the collaboration, there are plans for five subsequent issues devoted to other historical events, significant milestones and cultural subjects. "Combining the extraordinary, authoritative content from The New York Times with our broad scale and retail expertise is an unbeatable combination in the marketplace," said Doug Olson, President, Meredith Magazines. "We're thrilled to be collaborating with the Times on this first-ever collaboration that will expand our premium content offerings for a new and existing passionate group of readers." Click Read More below for additional information.
19Jul 19
Stora Enso Oyj Half-year Report January–June 2019
Q2/2019 (compared with Q2/2018) · Sales decreased by 2.1% to EUR 2 608 (2 664) million. · Operational EBIT margin was 11.0% (12.3%), above 10% for the eighth consecutive quarter. Operational EBIT was EUR 287 (327) million. · Operating profit (IFRS) was EUR 142 (317) million. · Strong cash flow from operations amounted to EUR 548 (357) million. · The net debt to operational EBITDA ratio at 2.2 (1.3) increased temporarily slightly over the target level of 2.0, due to the restructuring of Bergvik Skog (impact 0.6) and the adoption of IFRS 16 Leases (impact 0.3). · Operational ROCE was 11.3% (15.5%). Q1–Q2/2019 (year-on-year) · Sales were EUR 5 242 (5 243) million, similar to the comparison period. · Operational EBIT of EUR 610 million decreased by 12.3%, mainly due to increased wood costs. Click Read More below for additional information.
19Jul 19
Canfor Announces Additional Capacity Reductions in BC
Canfor Corporation announced further capacity reductions at two of its British Columbia sawmills with an indefinite curtailment at its Mackenzie sawmill and the permanent elimination of one shift at its Isle Pierre sawmill. The indefinite curtailment at Mackenzie, which is effective immediately, is due to the high cost of fibre, continued poor lumber markets and challenging operating conditions that have combined to make the mill uneconomic under these conditions. The Isle Pierre sawmill will be permanently reduced from two shifts to one shift effective September 20, 2019. The capacity reduction, which is due to insufficient timber supply as a result of the mountain pine beetle epidemic and associated decline in the annual allowable cut, will enable the mill to better align its production capacity with the sustainable fibre supply in the region. Click Read More below for additional information.