October 2015 - Midland Paper

New Leaf Reincarnation Now Distributed Exclusively by Appleton Coated

Effective November 2nd, 2015 all sales orders for New Leaf Reincarnation coated products should be placed directly with Appleton Coated by authorized Appleton Coated Utopia Merchants. New Leaf Paper will process all orders placed with them prior to November 2nd. This new sales strategy focuses the New Leaf team on its strengths, driving end user specification and building the market. New Leaf will collaborate with Appleton Coated and our merchant partners to communicate the benefits and value to corporations, universities, and other institutions interested in using the most environmentally responsible printing papers.

Rite Aid Reports Same Store Sales for October

For the four weeks ended Oct. 24, 2015, same store sales increased 1.0 percent over the prior-year period. October front-end same store sales decreased 0.5 percent. Pharmacy same store sales, which included an approximate 249 basis points negative impact from new generic introductions, increased 1.7 percent. Prescription count at comparable stores increased 0.2 percent over the prior-year period.

UK Government Gives PEFC Top Scores, Confirms Acceptance for Public Procurement

The evaluation against the UK Government Timber Procurement Policy (TPP): Criteria for Evaluating Certification Schemes (Category A Evidence) Fourth Edition, October 2014 concluded that both the Programme for the Endorsement of Forest Certification (PEFC) and the Forest Stewardship Council (FSC) have achieved scores of 100% for legality criteria and over 90% for sustainability criteria and as such are recognized as continuing to deliver requirements for both legality and sustainability. Overall, the evaluation demonstrated PEFC to have a 96% compliance with the UK criteria, with FSC achieving 94%. "These very high scores demonstrate the significant progress made in international forest certification since the first evaluation conducted in 2004. Both FSC and PEFC have made substantial improvements to their schemes since 2010, reflected in the scores awarded," Defra writes in the final report.

Mondi Group agrees to sell its Raubling containerboard mill

Mondi Group has signed an agreement for the sale of its recycled containerboard mill and related recycling operations located in Raubling, Germany, to the Heinzel Group for an enterprise value of €25 million on a debt and cash free basis. The transaction remains subject to competition clearance and is expected to complete by the end of 2015.

Mercer International Inc. Reports Strong 2015 Third Quarter Results

Mercer International Inc. today reported results for the third quarter ended September 30, 2015. Operating EBITDA* in the third quarter of 2015 was $61.1 million, compared to $67.6 million in the comparative quarter of 2014 and $50.0 million in the prior quarter of 2015. For the third quarter of 2015, net income was $23.8 million, or $0.37 per basic and diluted share, compared to $88.3 million, or $1.38 per basic and $1.37 per diluted share, in the comparative quarter of 2014 and $16.4 million, or $0.25 per basic and diluted share, in the prior quarter.

Lecta Presents Its Extensive Range of Papers for Beverage Labels at BrauBeviale 2015

Lecta’s range of high-vacuum metallized papers, Metalvac, will be on exhibit with its 100% recyclable products designed for premium beverage labels and for label converters: * Wet-glue labels: for beer, water, spirits and wine. These papers are available with high, medium and low moisture resistance and are ideal for returnable and one-way bottles. * Pressure-sensitive labels: papers designed to be used as self-adhesive facestock for labels. The Metalvac range is available in gloss, matte or embossed (pin-head, brushed and linen) finishes. It is also used for the inner-liners of cigarette packets, gift paper and for use in the food industry.

AAA Daily Fuel Gauge Report for Friday, 10/30/15

October 30, 2015
Midland Paperclips
Misc

National Average Price for Regular Unleaded Current: $2.183 Month Ago: $2.285 Year Ago: $3.010 National Average Price for Diesel Current: $2.486 Month Ago: $2.491 Year Ago: $3.602

Key Currency Exchange Rates for Friday, 10/30/15 at 11:55 UTC

October 30, 2015
Midland Paperclips
Misc

American Dollar to Canadian Dollar = 0.759661 American Dollar to Chinese Yuan = 0.158283 American Dollar to Euro = 1.101281 American Dollar to Japanese Yen = 0.008304 American Dollar to Mexican Peso = 0.060300

Oil Prices Mixed, Failing to Build on Midweek Rally

October 30, 2015
Midland Paperclips
Misc

Oil prices were mixed Friday, failing to build on a midweek rally that has fizzled amid continued concerns over the oversupply of crude, and as some market players wait for signals from international talks on the Syrian crisis in Vienna. Brent crude, the global oil benchmark, was up 0.45% at $40.01 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.30% at $45.93 a barrel.

Domtar Corporation reports preliminary third quarter 2015 financial results

Domtar Corporation today reported net earnings of $11 million ($0.17 per share) for the third quarter of 2015 compared to net earnings of $38 million ($0.60 per share) for the second quarter of 2015 and net earnings of $281 million ($4.33 per share) for the third quarter of 2014. Sales for the third quarter of 2015 were $1.3 billion.