Smurfit Kappa wins at NL Packaging Awards 2016

Smurfit Kappa has once again been recognised for its expertise in packaging creation and design, winning the prize for best transport packaging solution at the NL Packaging Awards 2016 for the One2SRP. The One2SRP is a unique solution created by Smurfit Kappa Benelux that meets all challenges in the supply chain. The packaging solution was created with technical expertise, consisting of one piece of cardboard with an attractive facing perforated section along the front which has been expertly incorporated in to the design. One2SRP is easy to stack, promotes the look and feel of the product, and positively impacts shopper choice at the shelf. It also offers maximum product protection in the supply chain with minimal handling time for replenishment.
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Valmet to Supply Key Technology for Two Chinese Container Board Machines

Valmet will supply board machine key technology and machine control systems in two new containerboard machines in China. The customer remains confidential. Valmet's delivery includes headbox and press section technology and a machine control system. The order is included in Valmet's first quarter 2016 orders received. The value of the order will not be disclosed. Typically, an upgrade of two lines of this scope is valued at EUR 20-30 million.
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SCA’s Divestment of Its Business in South East Asia, Taiwan and South Korea for Integration with Vinda Is Closing

SCA’s divestment of its business in South East Asia, Taiwan and South Korea for integration with Vinda International Holdings Limited (“Vinda”) is expected to close as of today, April 1. SCA is the majority shareholder in Vinda, one of China’s largest hygiene companies. As part of the transaction, SCA and Vinda have signed an agreement regarding the exclusive license to market and sell the SCA brands; TENA (incontinence products), Tork (Away-from-Home tissue), Tempo (consumer tissue), Libero (baby diapers), and Libresse (feminine care) in South East Asia, Taiwan and South Korea. With this agreement, Vinda will hold the rights to these product brands in these Asian markets. Vinda will acquire the brands Drypers, Dr.P, Sealer, Prokids, EQ Dry and Control Plus in these markets. SCA will continue to provide innovation and technical support for the business.
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Resolute Forest Products: Pushing Back Against Progressive Bullies

An editorial, “Pushing back against progressive bullies,” which appeared in The Wall Street Journal on March 18, 2016, provides an interesting synopsis of the events between Resolute and Greenpeace and concludes: “Greenpeace has tried to contain the Resolute case and ensure it only affects its Canadian operations, but Justice Fitzpatrick wisely understood that it is one global organization. Now the Divisional Court in Ontario is considering the issue and if Greenpeace loses again, the outfit could soon be coughing up the internal documents behind its various campaigns of fear and intimidation world-wide.”
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Retailers Tell Fed Debit Swipe Fee Cap Is Still Too High

A cap on debit card swipe fees enacted by the Federal Reserve five years ago has helped reduce costs for retailers and consumers but is still higher than intended by Congress and should be lowered, the National Retail Federation said today. “In most cases, 24 cents per transaction represents a significant savings over the prior non-competitive pricing,” NRF Senior Vice President and General Counsel Mallory Duncan said. “However, it is still substantially higher than issuers’ incremental costs.” Duncan said the cap “has worked moderately well” but that “additional changes are necessary” if Congress’ goal of swipe fees that are proportional to banks’ costs for processing transactions is to be realized. Retailers have passed along two-thirds of the $8.5 billion in annual savings to consumers but there would have been more savings to share if the Fed had set the cap at the level expected by lawmakers, Duncan said.
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Oil Prices Fall on Skepticism over Deal to Freeze Output

Oil futures edged down on Friday to below $40 per barrel, with the market growing increasingly sceptical that a looming deal to freeze crude production can help clear a global glut. Brent crude for June delivery LCOc1 fell 64 cents to $39.69 a barrel as of 1000 GMT. Brent rose 6 percent in the first quarter of this year, its first such increase since a 15 percent rally in the second quarter of 2015. U.S. crude CLc1 fell 64 cents to $37.70 a barrel. Prices rose almost 4 percent over January-March, also the first quarterly gain since surging nearly 25 percent in the second quarter of last year. Prices have recently pulled back on low trading volumes and concerns about oversupply ahead of an oil producers' meeting in Doha to agree a possible output freeze on April 17.
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