Over the past year, we have seen a significant deterioration in the price of newsprint. We now believe that conditions have sufficiently improved to begin the process of recovery. Accordingly, we are announcing today a newsprint price increase of $40/metric tonne (for 48.8 gsm). The increase will be phased in beginning with a $20/metric tonne hike effective with shipments on or after January 1, 2016 followed by a second increase of $20/metric tonne effective with shipments on or after February 1, 2016. Other basis weights will be adjusted as per past practices.
The employee negotiations regarding production re-organization and outsourcing of mill cleaning at Jyväskylä plywood mill have been completed. The negotiations were started in October. As a result of the negotiations 23 production vacancies will become redundant. In addition, three vacancies in mill cleaning will be outsourced and moved to another employer. At the start of the negotiations the redundancies were estimated at about 30 persons.
McDonald’s has taken a significant step forward on its journey to source 100% sustainable packaging in Europe with its announcement that all centrally-purchased packaging in Europe is now made with wood fiber from recycled sources or forests certified to a forest certification system, such as PEFC – the Programme for the Endorsement of Forest Certification. “By ensuring that all its packaging is certified to a credible forest certification system, McDonald’s does not only help protect forests, it also makes a direct contribution to the livelihoods of the many PEFC-certified small- and family forest owners,” said Ben Gunneberg, CEO of PEFC International.
China's paper industry is quickly transitioning into a slow-growth phase that poses challenges to pulp and wood fiber suppliers to that country. Yet, how the industry is developing varies greatly across different grades of paper. Much of the growth in production is in packaging grades, which primarily use recovered fiber, not virgin wood pulp. Still, furnish shares in China are changing quickly for other grades of paper, which will support a rising trend in imports for bleached hardwood and softwood kraft pulps. Since 2012, the market has experienced a steep decline in growth of paper and board demand and production. Production growth has averaged at 3% per year — a striking difference to the 10.9% average growth per year during china's “golden age” of the paper industry from 2002-2012. Graphic paper consumption is no longer keeping pace with rising income levels in China.
The headlines were that Future has successfully completed an 18-month transformation period, is building momentum thanks to an ongoing ‘Content that Connects’ strategy, and optimising for growth by creating distinct Media and Magazine divisions. In particular, the decision to structure around Media and Magazine has been endorsed by shareholders from whom Future has raised £3m. “We are splitting the business into two separately managed brand-led divisions, Media and Magazine. The Media division is focused on global brands that are at the forefront of digital innovation, particularly within the high growth technology and games markets. The Magazine division will continue to deliver specialist market-leading content through a number of premier print brands.
Crude oil prices fell more than 10% in November 2015. This is the largest monthly fall since July 2015. The fall in crude oil prices affects the profitability of oil producers such as BP (BP), Occidental Petroleum (OXY), Marathon Oil (MRO), and Hess (HES). Gasoline prices rose by 8% for the week ending November 27, 2015, as compared with the previous week. Prices rose due to an increase in demand during the Thanksgiving holiday period.
Stora Enso will today officially open its Innovation Centre for packaging located at the Group’s head office in Helsinki. The purpose of the centre is to create a venue for innovation and R&D work, where Stora Enso together with customers and other stakeholders can develop innovative and sustainable packaging concepts. The centre offers, among other things, a packaging design lab, presentation areas with advanced touch screen technology and virtual reality retail technology. The Innovation Centre is primarily targeted towards customers, including converters and manufacturers, brand owners and retailers. The objective is to create customer value through strategic packaging that can drive sales, while also reducing environmental impact and total cost.
Stora Enso’s Global Responsibility Performance Report 2014 has won four awards in the independent annual sustainability report review, commissioned by FIBS, Finland’s leading non-profit corporate responsibility network. The four awards include the best sustainability report, best reporting on Human Rights and on Tax Footprint and the top choice of a consortium of Finnish corporate sustainability students. In FIBS’ review Stora Enso’s report was particularly acknowledged for its extensive and transparent sustainability reporting, with a special focus on reporting related to the target-oriented management of human rights.
Total European shipments of graphic papers was down 4.6% vs. September 2014 and is down 3.4% year-to-date. Total European shipments of newsprint was down 9.3% vs. September 2014 and is down 7.8% year-to-date. Total European shipments of sc-magazine papers was down 0.4% vs. September 2014 and is down 3.8% year-to-date. Total European shipments of coated mechanical reels was down 3.5% vs. September 2014 and is down 4.8% year-to-date. Total European shipments of uncoated mechanical (improved & others) was down 0.2% vs. September 2014 and is UP 1.6% year-to-date. Total European shipments of coatged woodfree was down 4.1% vs. September 2014 and is down 2.6% year-to-date. Total European shipments of uncoated woodfree was down 4.2% vs. September 2014 and is UP 0.9% year-to-date.
Almost everyone in our country is addicted to electronics, and riddled with denial. When I talk to people about it, they get defensive. They say it's not addiction, it's just something they enjoy. I love to play ping-pong, I love to practice the drums, I love to tap dance. But I have never, even once, tried to figure out how to do any one of those things, while driving, in such a way that the cops couldn't see. Because I am not addicted to those activities, I just enjoy them, and there's a huge difference. Screen devices wreak havoc with the brain's frontal lobe. Diagnosis of ADHD in our children has taken a steep rise since the proliferation of screen devices. Yet, even when presented with that information, parents often won't hear of protecting their kids from the harmful effects of screen devices. "Kids love them!" they say. Yes, they do, and kids would love heroin if we gave it to them. I'm told that after the initial vomiting stage it can be a hoot!