American Forest & Paper Association (AF&PA) Group Vice President Cathy Foley today issued the following statement in response to the qualification of the referendum to overturn California Senate Bill 270 (Padilla), which bans single-use plastic bags, imposes a 10-cent minimum tax and requires onerous post-consumer recycled content criteria on paper bags. “The referendum’s swift qualification shows the strength of public opposition to SB 270, which would mandate a tax on consumers for choosing sustainable packaging. We are pleased that California voters will have an opportunity to reverse the Legislature’s misguided policy.
Crude oil in storage in the U.S. jumped 2 percent, to 434 million barrels, according to EIA weekly data released today, Feb. 25. The increase of 8.43 million barrels was more than double the median estimate in a Bloomberg survey of analysts and was the biggest increase in a month. U.S. oil storage is bursting at the seams amid a global glut of supply that has driven prices down by half since last summer. U.S. inventories remain at their highest levels in at least 80 years, according to an analysis by Bloomberg Intelligence.
The Postal Regulatory Commission (PRC) yesterday approved the Postal Service's request for an average 2% increase on market dominant products, ruling that the numbers were in line with price cap regulations. Forever stamp prices will remain the same, at 49 cents, but pre-sorted letters and postcards will go up 2.4% when the new rates take effect on April 26. The price of single-piece, machinable, metered letters will increase half a cent to 48.5 cents. In addition, USPS will raise the single-piece additional ounce price for letters from 21 to 22 cents and the single-piece postcard price from 34 to 35 cents. The first ounce price for single-piece flats remains at 98 cents.
2014, Holmen’s carbon dioxide emissions per tonne of paper and paperboard products produced decreased by 45 per cent compared with 2013. This substantial improvement is the result of a long-term investment and means that the company has taken a further step towards reducing the climate impact of its operations. The investment in a new recovery boiler at the paperboard mill in Iggesund has significantly reduced emissions of fossil carbon dioxide and the target is to become self-sufficient in heating and electricity. As a result of extensive energy investments the paperboard mill in Workington currently runs on biofuel and is self-sufficient in electricity and thermal energy. In addition, fossil-free electricity is distributed to the local community. Today, the manufacture of paperboard in the Holmen Group is virtually fossil-free.
Allen Press, Inc., has announced that over the past twelve months, the number of journals hosted on its Pinnacle Online Publishing platform has increased by 42%. The platform will now host 184 publications on 117 publisher websites. This growth also includes 23 publishers previously hosting their content on the Metapress platform, which will be decommissioned in early 2015. Pinnacle is a template-based content hosting solution built on the robust Atypon Literatum software. A number of new features have been added recently, including metered access, special collections, and faceted search. The Pinnacle Users Blog is another tool that assists publishers in maximizing features on their Pinnacle websites.
Today’s cost structure, declining margins and hence low levels of profitability makes a price increase inevitable and as a result Sappi Europe will increase all uncoated fine papers (cut size, folio and reels) by 5-8% as from 1st April 2015.
Tronox Limited (NYSE:TROX) today reported fourth quarter 2014 revenue of $400 million compared to $436 million in the fourth quarter 2013. Excluding external CP titanium slag sales of $24 million in the prior-year quarter to reflect withdrawal from the external CP titanium slag market in the second half 2014, revenue of $400 million compares to $412 million in the prior-year quarter, down 3 percent. Adjusted EBITDA was $81 million versus $96 million in the prior-year quarter. Adjusted net loss attributable to Tronox Limited was $23 million, or $0.20 per diluted share, versus an adjusted net loss of $48 million, or $0.42 per diluted share, in the year-ago quarter.
Irving Paper Limited has joined Two Sides North America, the non-profit organization that promotes and encourages the responsible production, use and sustainability of print and paper. "The Irving name is very important in the Canadian forest products industry and the company has been an economic pillar in the development of Canada’s Maritime provinces. We are very proud that Irving has joined us to help promote the positive environmental story of print and paper,” stated Two Sides North America President Phil Riebel.
Speaking at a conference in San Jose, California, Mr Cerf warned that the 21st century could become a second 'Dark Ages'. With vast amounts of our data stored digitally, Cerf worries that future generations will be unable to access the old files that we currently depend upon. At the rapid rate which technology is evolving, it is unlikely that the formats we use now for photos, videos and other documents will be readable by future computers- the equivalent of trying to insert your old family videos on VHS into your Blu-ray player.
Packaging Matters data show packaging continues to hold significant importance for global consumer satisfaction with a strong link to purchase intent and brand loyalty. While a majority say new packaging is headed in the right direction, there are significant current gaps between the importance of product packaging and how brands are meeting consumer needs. Consumers are clear on how to close this gap: with targeted innovations related to functionality and safety. “This year’s study continued to emphasize the strong link between packaging satisfaction and consumer purchasing behavior. Packaging plays a key role in brand perception, product trial and repeat purchase,” said Pete Durette, senior vice president, MWV. “Consumers in this year’s study indicated that brands are moving in the right direction in terms of how packaging is evolving. That being said, consumers continue to want more from packaging, especially when it comes to function and safety. Brands, and their packaging partners, have a critical opportunity to build on this positive momentum with continued innovations that will make a real impact on satisfaction and behavior.”