Today at drupa 2016, HP announced that Cimpress, the world leader in mass customization, and HP Indigo’s largest customer globally(1), agreed to purchase a fleet of the larger format next generation HP Indigo presses (circa 20, of which more than half will be installed in the second half of 2016) that are being shown at drupa. With the purchase of these presses, Cimpress aims to increase efficiency, bolster production capacity and enhance the production quality of products it produces for its customers. Installation of the new presses will start in July 2016 at Cimpress manufacturing facilities in the Netherlands, Canada and Italy. Building on a decade-long relationship with HP, Cimpress is also upgrading its existing fleet of HP Indigo Digital Presses to incorporate HP’s latest capabilities. This portfolio update will enhance the productivity and application range of its existing fleet and ensure Cimpress delivers consistent print quality across its presses and locations.
The Organization of the Petroleum Exporting Countries is set for another showdown between rivals Saudi Arabia and Iran when it meets on Thursday in Vienna, with Riyadh trying to revive coordinated action or a formal oil output target, but Tehran refusing to cooperate. Brent crude oil futures were last up 11 cents at $49.83 a barrel by 0902 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 12 cents at $49.13 a barrel. "Expectations around today's OPEC meeting are quite low, with some speculation about the potential for some form of quota or freeze, but the likelihood is that nothing will change," CMC chief markets analyst Michael Hewson said.
Costco Wholesale Corporation today reported net sales of $9.23 billion for the month of May, the four weeks ended May 29, 2016, an increase of three percent from $8.98 billion during the similar period last year. This year May includes one additional sales day in the U.S. versus last year due to the timing of Memorial Day. This calendar shift positively impacted this year's net and comparable sales by an estimated two and one-half percent (three and one-half percent in the U.S.). For the thirty-nine weeks ended May 29, 2016, the Company reported net sales of $87.18 billion, an increase of two percent from $85.31 billion during the similar period last year.
Stakeholders globally are invited to provide feedback on its compliance with PEFC International's Sustainability Benchmarks by 29 July 2016. Sweden was one of the first countries to achieve the PEFC endorsement of its national system back in 2000, and joins Finland (now re-endorsed) and Germany as the only other countries to submit a system for re-endorsement for a third time. There are now nearly 11.4 million hectares of PEFC-certified forests in the country. PEFC International ensures that national systems are revised regularly in multi-stakeholder processes by limiting the validity of endorsements to five years, after which they can apply for re-endorsement to continue benefitting from PEFC recognition.
UPM Raflatac recognises the importance of sustainable forest management and its role in providing and promoting sustainable label products. Working together with FSC provides the opportunity to promote the benefits of sustainable forest management in the label and packaging industry. "Our focus lies in increasing awareness of the importance of using forest-certified labels for brand owners. There is great potential for using FSC®-certified paper in the packaging industry and our partnership with FSC will support this development," says Jesse Rep, Country Manager of UPM Raflatac Netherlands. "UPM Raflatac customers benefit from our cooperation with FSC. By choosing FSC-certified label products, we give our customers the assurance of the high level of corporate responsibility, and support the whole label value chain's sustainability targets.
Verso introduces a promotion with tips for creating a successful election direct mail campaign featuring Verso's entire offering of 7 pt. and 9 pt. products that meet the United States Postal Service minimum requirements for direct mail. The promotion is titled A Guide to Paper Selection: Election Direct Mail: Verso Tips for Winning Political Campaigns. "This promotion provides practical advice for selecting the right paper, design elements, color scheme, printing process and target data when producing election direct mail and offers useful checklists and resources for creating winning political campaigns at the local, state or national level," said Verso Senior Vice President of Sales, Marketing and Product Development Mike Weinhold. "Direct mail is a smart and effective way to reach voters."
Suzano hereby announces to its shareholders and the market in general that a fire broke out at a storage area in the Suzano Unit on the night of May 31, 2016. With the support of the fire department and Suzano's security team, the fire was controlled and eventually extinguished. Two service providers suffered minor injuries, were promptly rescued and sent to the hospital in the city of Suzano. Both are doing well. The pulp production unit and the paper machines did not suffer any damage. Losses from the fire are basically paper jumbo-rolls and the structure of the storage shed, all of which have insurance coverage.
Resolute Forest Products Inc. today announced a federal lawsuit in the United States District Court for the Southern District of Georgia against Greenpeace International, Greenpeace USA, Greenpeace Fund, Inc., STAND (formerly ForestEthics) and a number of their associates. The complaint included federal racketeering claims and racketeering, trademark, defamation and tortious interference claims under Georgia law. These alleged claims arise from, among other things, Greenpeace's self-described "Resolute: Forest Destroyer" campaign falsely accusing Resolute of, among other things: (a) "destroying endangered forests," and "operating and sourcing wood . . . in violation of law"; (b) causing the "destruction of endangered species" and "critical caribou habitat" and risking a "Caribou Herd Death Spiral," "extirpation" and "extinction;" (c) "abandoning" and "impoverishing" the Boreal's indigenous communities; and (d) impairing the Boreal's ability to mitigate climate change. The complaint describes in detail the falsity of these and other malicious and defamatory accusations. Among other things, the complaint explains that far from being a "forest destroyer," Resolute has planted well over a billion trees in the Boreal – which is a billion more than Greenpeace – and is responsible for virtually no permanent lost forest acreage. The complaint also demonstrates that Resolute also has not impaired the Boreal's ability to absorb greenhouse gases, and, instead, has improved that ability through harvesting and forestation as recognized and encouraged by the U.N. Intergovernmental Panel on Climate Change. Nor has Resolute abandoned, exploited or impoverished First Nations or other communities within the Boreal forest, but instead – and again unlike Greenpeace – has created and sustained substantial benefits for these peoples through shared economic participation in the forestry business. The complaint also details how, to support its false accusations, Greenpeace has fabricated evidence and events, including, for example, staged photos falsely purporting to show Resolute logging in prohibited areas and as having harvested areas that were actually impacted by fire.
Holmen Paper is making powerful efforts to reach out to new markets and new customers with an enhanced product and service offering. Part of the work is the development of the company’s customer magazine, a testament to the unique properties of printed communication. As a producer of paper, the customer magazine Paper is a natural way to showcase Holmen Paper's products while providing the opportunity to contribute knowledge and inspiration in a way that printed media is best suited for. As Tyler Brûlé, editor-in-chief of Monocle, says in one of the featured articles: “The magazine is getting increasingly “bookish”, more specialised, fatter and longer-lasting.”
Stora Enso has signed an agreement to divest its Kabel coated mechanical paper mill in Germany to Hagen-Kabel Pulp & Paper GmbH, owned by a German based investor group. The transaction is in line with Stora Enso’s strategic transformation into a renewable materials growth company. The transaction is expected to be completed in the third quarter of 2016. “Kabel Mill has an excellent reputation and an established customer base in the grades it produces. We believe that Kabel Mill will be able to further develop its business under the new ownership,” says Kati ter Horst, EVP Paper division at Stora Enso.