Scodix, a leader in digital enhancement solutions for the graphic arts industry, today announced it has entered into a strategic global partnership agreement with Avery Dennison Retail Branding and Information Solutions (RBIS), a division of Avery Dennison (NYSE: AVY). Under the terms of the agreement, Avery Dennison RBIS, a global leader in apparel and footwear branding, packaging, labeling, and RFID solutions, will acquire 10 Scodix Ultra Pro Digital Enhancement presses. Representing the most substantial deal in Scodix history, the companies will work closely together to implement the 10 finishing systems — with the full range of Scodix enhancements — strategically across Avery Dennison RBIS’ key production facilities worldwide. The Scodix presses will be used primarily to enhance customer tags and brand labels that not only inspire greater sensory appeal and customer response, but brand awareness and loyalty. Avery Dennison RBIS has employed two Scodix Ultra Pro systems in their production facilities since 2015 and has received rave reviews from production personnel and brand managers alike.
*GAAP third quarter net earnings attributable to Walgreens Boots Alliance per diluted share decrease 14.4 percent to $1.01 compared with the year-ago period; Adjusted net earnings attributable to Walgreens Boots Alliance per diluted share increase 15.7 percent to $1.18 *GAAP third quarter net earnings attributable to Walgreens Boots Alliance decrease 15.3 percent to $1.1 billion compared with the year-ago period; Adjusted net earnings attributable to Walgreens Boots Alliance increase 14.7 percent to $1.3 billion *GAAP third quarter operating cash flow totals $2.1 billion, while free cash flow totals $1.9 billion *$1 billion fiscal 2016 combined net synergy goal achieved in June
A global decline in demand for the kind of paper that has been the mainstay of the industry in Maine has prompted several mills to reposition themselves for new product lines – and, hopefully, a brighter future. Three Maine mills have recently announced that they are converting machinery that once produced reams of glossy, coated paper used primarily in magazines and catalogs, to start making specialty papers, such as labels, filters and packaging. The shift is part of a scramble to diversify product lines – publishing papers represent 65 percent of the output of Maine mills – and to capture a greater share of new markets. At stake are 3,300 jobs in the state’s remaining six mills, survivors in a contracting industry that has shorn 2,300 jobs in the past five years as five mills closed.
Canada Post says the latest offer it made to the Canadian Union of Postal Workers in the ongoing labour dispute is to be considered final. In a statement issued on Monday, Canada Post says it still hopes to negotiate a deal with the union representing postal workers, but adds that the June 25 offers "represent a fair and reasonable framework for settlements." The Crown corporation says the CUPW's demands are "not affordable" and would add $1 billion in costs over the contract term. The union, meanwhile, is accusing Canada Post of preparing to lock workers out, and creating uncertainty by warning the public to avoid the post office. CUPW says it has been showing up at the bargaining table with proposals to make the post office even more profitable and improve services for businesses and the public. Neither Canada Post nor CUPW has served a 72-hour notice of intent to strike or lock out, but either can do so at any time.
CFB provides design, graphics, manufacturing, assembly, fulfillment, warehousing and distribution services to over 400 customers ranging from small, family-owned companies to large, national corporations. Chairman and Chief Executive Officer, Roger W. Stone, stated, "The acquisition of Central Florida Box enhances KapStone's footprint in the strategic Southeast market. In addition, this acquisition further strengthens our goal of increasing integration, providing additional internal opportunities for our Mill Division and Victory Packaging. We believe this business acquisition is a wonderful fit to our overall business strategy."
Norske Skog has been granted NOK 6.5 million from Innovation Norway for two projects. For further development of microfibrillated cellulose (MFC), or so-called nanocellulose, it has been granted NOK 4.5 million, while for the development of fibreboard the total support is NOK 2.0 million. Microfibrillated cellulose (MFC) is a renewable product and has several interesting applications. MFC will be a new commodity that will enhance paper-based products. In addition, MFC can over time be developed as a replacement for plastic products, as well as a thickening substance in various products such as paint.
"Over the past three years we have significantly improved the production efficiency of our pulp mills. This EUR 98 million investment in Kymi will strengthen our position on the pulp market with competitive costs and low risk. After the completion of this project, we will have increased our annual pulp production capacity altogether by over 500,000 tonnes since 2013," says Heikki Vappula, Executive Vice President, UPM Biorefining. "After the successful start-up of the new pulp drying machine at the end of 2015, Kymi's efficiency has been on a very good level and we identified potential for even further increases in production. Today's announcement is yet another example of highly targeted investments that provide a good return, which we have implemented in all our three pulp mills in Finland - Pietarsaari, Kymi and Kaukas - and in the Fray Bentos mill in Uruguay," says Anssi Klinga, Senior Vice President, UPM Pulp. Kymi's annual pulp production capacity is expected to increase from the current 700,000 tonnes to 870,000 tonnes of bleached northern softwood and birch pulp by the end of 2017. Moreover, the new investment will further improve Kymi's cost-competitiveness and environmental performance.
Oil prices won’t rise much further over the next year and a half as demand growth slows and refiners comfortably meet gasoline consumption, according to the world’s largest independent oil-trading house. "I cannot see the market really roaring ahead," Vitol Group of Cos. Chief Executive Officer Ian Taylor told Bloomberg Television in an interview. "We have a lot of oil in the system and it will take us considerable time to work that off." Since rallying from a 12-year low of $27.10 a barrel in January, Brent crude has been hovering around $50 a barrel for the last month. The international benchmark will probably end the year “not too far away from where we are today" and rise to about $60 by the end of 2017, Taylor said. The forecast, which coincides with a similar view from Goldman Sachs Group Inc., would mean oil-rich countries and the energy industry face a prolonged period of low prices, more akin to the 1986 to 1999 downturn than the swift recovery after the 2008 financial crisis. Brent crude fell to $49.09 a barrel in London at 12:53 p.m. local time, down $1.01 on the day. In New York, West Texas Intermediate, the U.S. benchmark, fell to $47.87 a barrel.
J.D. Irving, Limited’s (JDI) tree improvement program started almost 40 years ago. The tree improvement process included selection of the best individuals in the region’s forests for qualities like rapid growth, tree straightness, and freedom from insect and disease problems. Traditional methods of grafting and planting these trees for quality seed production began at the Parkindale Seed Orchard. This process continues today, allowing for cross pollination among the best trees to produce well-adapted genetically-superior seed for use in the nurseries. Regular seed production is wind pollinated – trees in the orchard cross-pollinate as pollen is released into the air and lands on the receptive female flowers of another tree. JDI also produces seeds with two known parents for testing across the region. These trees also form the basis for the next generation of tree improvement.
KapStone Paper and Packaging Corporation President, Matt Kaplan, states: "We have set aggressive environmental, health and safety goals that are of importance to our employees, our customers and the communities where we operate. These goals are key to our guiding principles. We think big and act small. We take care of our partners. We do business the right way. With our commitment to these guiding principles, we are committed to meeting our 2020 sustainability goals." The 2015 Sustainability Report details six areas of 2020 Sustainability goals, our progress toward meeting those goals, and a Management Plan for further progress. In the environmental impact area, we made good progress in reducing energy use, greenhouse gas and criteria air emissions. We are working hard to minimize our environmental footprint in the areas where we operate. We believe we are on track to meet all of our performance targets. Our People and Communities area highlights "Safety First, Last and Always" for employees as a core value at KapStone as well as community involvement and open communications. The report concludes with an overview of KapStone Paper and Packaging Corporation.