Kerstin Zumstein, Editorial Director at Ink, recently gave an exclusive interview with FIPP - the worldwide magazine media association, which represents content-rich companies or individuals involved in the creation, publishing or sharing of quality content to audiences of interest. Speaking about the editorial and creative scope at Ink, Kerstin said “We pride ourselves on the fact that every magazine has a clear vision that ties in with the individual airline. We don’t run travel clichés or share stories, we always look for a genuine journalistic angle. And that’s where Ink has been leading the market and actually actively transforming the entire inflight marketplace”
Brent crude, the global oil benchmark, fell 2.2% to $31.09 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 3.3% at $30.40 a barrel. The EIA will also release its latest weekly estimate of U.S. crude oil production. While it peaked at 9.7 million barrels a day last April, the output has remained stable at around 9.2 million barrels a day in recent months.
BPI China has one plant located in Xinhui, South China, with state-of-the-art blown film and flexographic printing lines. The business produces flexible packaging products for export and domestic customers. Amcor currently has a total of ten flexible packaging plants in China, including four plants in Southern China. This acquisition will strengthen Amcor’s leadership position in Southern China and complement the existing business by providing additional scale and talent. It will also broaden Amcor's capabilities in China to include flexographic printing and reduce future capital expenditure requirements.
Meredith Corporation announced today a brand licensing agreement with Apparel Bridge LLC for SHAPE® Active, an activewear collection designed for women. This is the first licensing program announcement for the category-leading SHAPE brand, which was acquired by Meredith in January 2015. "Our acquisition of SHAPE extends to all aspects of corporate growth, including licensing," says Elise Contarsy, Vice President of Meredith Brand Licensing. "We are excited to work with our partner Apparel Bridge to showcase the value of the SHAPE brand beyond print, and bring a line of athleisure clothing to women looking for the perfect combination of performance, comfort and fashion."
Meredith Corporation announced today that it has agreed to a multi-year licensing partnership with Bellisio Foods, Inc., for the EatingWell® brand. "We're excited to expand on our successful licensing programs with our first licensing partnership for the EatingWell brand," says Elise Contarsy, Vice President of Meredith Brand Licensing. "Licensed products are one of our biggest growth categories, including existing partnerships between Better Homes and Gardens and Walmart, Realogy and FTD, Allrecipes' partnership with Clipper Corporation on a line of cookware, bakeware and kitchen gadgets, and our recently announced partnership between SHAPE and Apparel Bridge LLC for the SHAPE Active collection of women's activewear."
The globally successful Océ Arizona printer series just keeps getting better as Canon U.S.A., a leader in imaging solutions, today announced the global launch of the 4th generation of the award-winning Océ Arizona Series flatbed printer for mid-volume print producers. The latest addition to the world’s best-selling range of mid-volume UV flatbed printers have been designed for sign and display graphics print producers and is developed to support a broad range of rigid and flexible media applications. Featuring the enhanced print quality of six-color Océ VariaDot printing technology, the new Océ Arizona 1200 Series makes attention-grabbing flatbed printing accessible to many.
Verso Corporation today announced that the company and its subsidiaries have filed voluntary petitions with the United States Bankruptcy Court in the District of Delaware to reorganize under Chapter 11 of the U.S. Bankruptcy Code. Verso's board of directors authorized the filing of the Chapter 11 cases to facilitate a debt restructuring necessary to strengthen the company's balance sheet and to position Verso for long-term success. Verso expects today's announcement will have virtually no impact on the day-to-day operations of the company. "While filing for Chapter 11 protection was a difficult decision, we are pleased that we enter this process with strong creditor support. We have worked together with a broad spectrum of financial creditors to develop a restructuring plan to eliminate $2.4 billion of our outstanding debt and to exit the Chapter 11 process in a short timeframe," said Verso President and CEO David J. Paterson. The expected agreement on terms for a plan of reorganization is with creditors holding at least a majority in principal amount of most classes of funded debt of Verso and its subsidiaries. Verso anticipates that upon finalizing agreed-upon terms, the plan of reorganization would result in the holders of its funded debt receiving equity of Verso in exchange for their claims.
Catalyst Paper announced today that it has been served with two Notices of Civil Claim by the Halalt First Nation and its business partners. Catalyst denies the allegations contained in both claims and intends to vigorously defend itself. The first claim was filed by the Halalt and its members alleging Catalyst has illegally trespassed on, and caused damages to, the Halalt’s asserted territories and fisheries resources through the operation of Catalyst’s Crofton Mill since 1957. The second claim was filed jointly by the Halalt, Sunvault Energy Inc. and Aboriginal Power Corp. alleging Catalyst disclosed certain confidential information pertaining to a proposed anaerobic digester facility in breach of a confidentiality agreement.
Crude oil prices will remain low this year and likely to trade between $40 to $60 a barrel until 2020 due to oversupply and slowing demand, Kuwait’s top OPEC representative Nawal al-Fuzaia said on Tuesday. The official also said there will be no emergency meeting on the plunging prices of oil, unless countries both inside and outside the OPEC cartel make a concerted effort to curb production. “Prices will be higher than the current levels between 2020 until 2030,” Ms. Fuzaia, Kuwait’s governor at the Organization of the Petroleum Exporting Countries told reporters on the sidelines of an energy conference in Kuwait City.
AptarGroup, Inc. today announced it has signed an agreement to acquire Mega Airless, a leading provider of innovative airless dispensing systems for the beauty, personal care and pharmaceutical markets. This strategic acquisition adds complementary products and market coverage to AptarGroup’s existing diversified portfolio of business. Under the terms of the agreement, AptarGroup will acquire Mega Airless for an enterprise value of approximately €200 million ($218 million). The purchase will be funded with available cash on hand in Europe and an existing revolving credit facility.