FormStore Incorporated has joined Two Sides North America, the non-profit organization that promotes and encourages the responsible production, use, and sustainability of print and paper. “We welcome FormStore Incorporated to our growing list of members and congratulate them for making sustainability a priority. We look forward to working with them to promote the many benefits provided by the use of sustainably produced print and paper,” says Two Sides North America President Phil Riebel.
Florida Commissioner of Agriculture Adam H. Putnam announced today that the Florida Forest Service, a division of the Florida Department of Agriculture and Consumer Services, certified Blackwater River and Tate’s Hell State Forests, covering 413,000 acres, through one of the world’s most recognized, independent, third-party forest management certification standards, the Sustainable Forestry Initiative (SFI). “We are proud of our efforts to ensure that the land and resources entrusted to the Florida Forest Service are managed responsibly and conscientiously. Thanks to certification programs, such as SFI, the public can remain confident that our state forests are managed in line with some of the highest standards in the nation and will remain healthy and productive for generations to come,” stated Commissioner of Agriculture Adam H. Putnam.
Smurfit Kappa, one of the world’s largest integrated manufacturers of paper-based packaging products with operations in Europe and the Americas, announces a new management structure for its European operations led by Roberto Villaquiran. Effective 1 October, Roberto Villaquiran, currently CEO Corrugated Europe, will assume the new role of CEO Europe with overall responsibility for the existing European Paper and Corrugated divisions. Roberto will report directly to the Group CEO, Tony Smurfit.
After 93 years as The Reader’s Digest Association, Inc., the company today announced a new corporate name, Trusted Media Brands, Inc. (TMBI), a historic move that addresses its significant and transformative growth. A powerhouse of iconic, multi-platform brands, Trusted Media Brands, Inc. includes Reader’s Digest, Taste of Home, Simple & Delicious, The Family Handyman, Country, Country Woman, Birds & Blooms, Farm & Ranch Living, Reminisce, EnrichU, The Taste Network and Haven Home Media. The company’s new website,TMBI.com, also launched today, housing the entire brand portfolio.
Office Depot, Inc. today announced that it was recently named to the Dow Jones Sustainability Index, North America for the tenth year in a row. “Our inclusion in the Dow Jones Sustainability Index for a decade in North America is a testament of our long-term commitment to corporate sustainability,” said Yalmaz Siddiqui, senior director of sustainability for Office Depot. “We do this by advancing social accountability guidelines for workers in factories around the world, launching award-winning community programs through the Office Depot Foundation, and growing our diverse and green product sales.”
The current phase of the Irving Pulp & Paper Mill Modernization project is approximately 87% complete. The new equipment and technology is on schedule for commissioning and start-up by March 2016. The project is part of a $450 million modernization – the largest pulp mill investment in Canada since 1993. Operators at the mill are preparing for the new digester equipment with simulation training next month. “We’ve invested in training software very similar to flight simulator technology,” said Rob Wilcox, Senior Electrical Engineer, Irving Pulp and Paper. “The virtual control system simulates the entire process, complete with all of the flows, pressures, and temperatures. We’ve programmed simulations for the digester operator to start-up the digester, fill it with chips, introduce an upset condition, and have him learn how to adjust. This allows us to simulate operation before we are actually able to use the digester itself."
n by Norwegian, the inflight magazine for Norwegian Air Shuttle, won the Best Inflight Publication Award at the APEX Passenger Choice Awards this week at a glitzy ceremony which took place at the APEX EXPO in Portland on Monday 27th September. Published by Ink, n by Norwegian, beat off competition from Avianca S.A, Ethiopian Airlines, Garuda Indonesia and SriLankan Airlines.
Net sales for the fourth quarter were $34.99 billion, an increase of one percent from $34.75 billion in fiscal 2014. Net sales for the fiscal year were $113.67 billion, an increase of three percent from $110.21 billion last year. Net income for the fourth quarter was $767 million, or $1.73 per diluted share, compared to $697 million, or $1.58 per diluted share, last year. Net income for this fiscal year was $2.38 billion, or $5.37 per diluted share, compared to $2.06 billion, or $4.65 per diluted share, last year.
U.S. crude oil stockpiles rose 4.6 million barrels in the week to Sept. 25, the American Petroleum Institute (API) said, well above a modest increase of 100,000 barrels that analysts polled by Reuters had forecast. Investors awaited official weekly inventory figures from the U.S. government's Energy Information Administration (EIA) due later on Wednesday to see if they confirmed the API data. U.S. crude, also known as West Texas Intermediate or WTI, was 15 cents lower at $45.08 a barrel by 1040 GMT, on course to end September down 11 percent. Brent crude oil was 9 cents lower at $48.14 a barrel, heading for a near 9 percent fall this month. Brent traded in a very narrow 60-cent range in early trade on Wednesday, partly reflecting low volume ahead of the week-long Chinese National Day holiday starting on Thursday.
Aéropostale, Inc. (NYSE: ARO), a mall-based specialty retailer of casual apparel for young women and men, today disclosed that on September 29, 2015, it received notice from the New York Stock Exchange (the NYSE) that the average closing price of the Company's common stock over a consecutive 30 trading-day period had fallen below $1.00 per share, which is the minimum average price required by the NYSE. The notice has no immediate impact on the listing of the Company's common stock. The Company plans to notify the NYSE by October 13, 2015 that it intends to cure the deficiency and return to compliance with NYSE continued listing requirements.