Below is a list of conferences being held by Two Sides and our member associations. We hope to see you there! Specialty Papers US - Sept. 21-23 (Chicago, IL) - Check out the Two Sides presentation on "Dispelling Myths about Paper and the Paper Industry" - Sept. 22nd at 10:30 am. TAPPI PEERS - Sept. 25-28 (Jacksonville, FL) - Check out the panel on "Nonwood Fiber Paper Marketing - Do's and Don'ts to Avoid Greenwashing" - Sept 26th 10:30 am - 12:00 pm. Two Sides Annual Seminar co-located at GraphExpo 2016 (Orlando, FL) - Sept. 27th 10:00 am -12:00 pm. Join us for an update on print and paper advocacy campaigns, including the major How Life Unfolds™ consumer campaign. Power of Print Seminar (London, UK) - Nov. 1. This is the Two Sides and Print Power Europe annual conference held at Stationers' Hall in London, England - a must see if you can make it! Print Media Conference (Naples, FL) - Nov. 15-18. Two Sides will be part of the sustainability panel on Thursday, Nov. 17th at 1:45 pm.
The American Forest & Paper Association (AF&PA) applauds Sen. John Boozman (R-AR) and Rep. Bruce Westerman (R-AR-04) as they tour Arkansas counties this week on their #SeedToSawmill tour. The tour will promote forest health and highlight the industry’s deep economic benefits to the state of Arkansas. They will examine each aspect of forestry, from the planting to its use in products such as paper and building materials. Both legislators have a strong history of support for and leadership on behalf of the paper and wood products manufacturing industry, and each has a 100 percent voting record with AF&PA. click Read More below for additional details
Bertelsmann closed the first half of 2016 with a record operating result and a significant increase in Group profit. The international media, services and education Group further improved its growth profile thanks to strategic progress in all of its eight divisions. This is Bertelsmann’s first report with its new Group structure; since the beginning of this year, the two strategic growth platforms, BMG and Bertelsmann Education Group, as well as the digital funds pooled in Bertelsmann Investments, have been standalone divisions. Bertelsmann’s revenues in the first six months of the current year amounted to €8.0 billion (H1 2015: €8.0 billion). Improved organic growth of 1.3 percent (H1 2015: -0.5 percent) nearly offset portfolio effects following divestments and negative exchange rate effects. Bertelsmann generated more than a quarter of its first-half revenues outside Europe; the U.S. is the Group’s second-largest market. The operating result exceeded the previous period’s already-high level. Despite start-up losses for digital and new business at RTL Group, Gruner + Jahr and the Bertelsmann Education Group totaling €61 million, Operating EBITDA improved to a record level of €1.11 billion (H1 2015: €1.06 billion).
Brent for October settlement, which expires Wednesday, was down 37 cents at $48 a barrel on the London-based ICE Futures Europe exchange, trading at a $1.87 premium to WTI. The global benchmark crude dropped 1.8 percent on Tuesday. The more-active November contract fell 48 cents to $48.25 a barrel. Oil is still trading at half its level two years ago. The prolonged decline is hurting Iraq, Al-Abadi said in Baghdad, pledging to support a potential output freeze deal. The nation is the second-biggest member of OPEC, pumping 4.36 million barrels a day in July, according to data compiled by Bloomberg. Saudi Arabia is the largest, producing 10.43 million a day.
AMI may have a print heritage with endemic newsstand titles like National Enquirer and Ok!, but the company points to digital for driving growth in 2016. AMI Digital averaged 50 million monthly unique visitors in fiscal year 2016, which was up 29% over 2015. What’s more, digital revenue grew by 42% year-over-year, and now accounts for 20% of the company’s total revenue. That success also led financier, JP Morgan, to advise the company in a refinancing program that will save AMI $20 million in the next year. “AMI’s digital growth is the result of a coordinated strategic effort centered on strong editorial content and taking advantage of new formats and distribution platforms,” says AMI chief digital officer, Brian Kroski. “Across all of our digital properties, whether celebrity or fitness, we’ve been very deliberate in creating content that resonates with our readers. We pay close attention to the data and actively listen to our readers on social media, and endeavor to give them something special that they want to read or watch.”
J.S. McCarthy Printers (JSM) has announced its acquisition of ARTCO, a Canton, Mass.-based full service printing and mailing operation, expanding its employee base to more than 225 and its production capacity to more than 150,000 sq. ft. ARTCO will retain its name and continue to operate sales, customer service, pre-press and data prep functions as an affiliate of JSM from its location in Canton. Terms of the acquisition were not disclosed. ARTCO is JSM’s second acquisition since 2014, when it acquired Stamford, Conn.-based Printech, reaffirming JSM’s commitment to broadening its expert customer service, expanded product offering, superior quality and technical capabilities to its customers across the country. Over the past seven years, J.S. McCarthy acquired other printing companies throughout New England, including Spectrum Printing in 2009, Wolf Colorprint and Henry Sawyer in 2010.
Appleton Coated is announcing the discontinuation of Utopia One (U1) as an inventory-supported stocking grade. Existing inventory of Utopia One is being sold until depleted and stock will not be replenished. Effective with this announcement, U1 becomes a making-only grade with requisite minimum and trim requirements. It should be noted that Appleton Coated is not discontinuing Utopia U1X® – the brightest Utopia that we make. U1X is FSC® certified and also features 20% post-consumer recovered fiber and Green-E® Green Power - all these features are standard, with no upcharge. Key Points: • Utopia One is a commercial shade match to Utopia Premium * Utopia Premium can be a good substitute for U1 customers • The discontinued inventory will be sold until stocks are depleted • Manufacturing orders will be considered – 60,000 lb minimum per basis weight and finish * Consult mill for lead times and trim details. Contact your Midland Paper sales professional for additional information.
Net sales for the second quarter of $783.2 million were down 4% versus last year, with comparable sales for the second quarter down 4%. By brand, net sales for the second quarter decreased 5% to $363.1 million for Abercrombie and decreased 4% to $420.1 million for Hollister versus last year. By geography, net sales for the second quarter decreased 7% to $478.8 million in the U.S. and were approximately flat at $304.4 million in international markets versus last year. Direct-to-consumer sales grew to approximately 23% of total company net sales for the second quarter, compared to approximately 21% of total company net sales last year. The gross profit rate for the second quarter was 60.9%, 140 basis points lower than last year. Excluding certain items last year, the gross profit rate decreased 20 basis points on a constant currency basis, primarily due to higher average unit costs, partially offset by higher average unit retails. click Read More below for additional detail
Packaging Corporation of America announced that it has completed its acquisition of TimBar Corporation, a large independent corrugated products producer, in a cash-free, debt-free transaction. Funding for the acquisition came from a new $385 million five-year term loan facility. PCA Chairman and CEO Mark Kowlzan said, “We are very pleased to complete this transaction and welcome our new employees to PCA. Integrating these new operations into PCA will quickly enhance our financial results while maintaining a strong balance sheet.”
Worker safety continues to be a top priority for AF&PA members. Their commitment to safety is demonstrated in a variety of ways: through worker training programs, increased automation, adopting a host of injury-preventive measures and safeguards, and developing new equipment to keep workers safe. Because any injuries to our industry’s employees are not acceptable, AF&PA members adopted a visionary Better Practices, Better Planet 2020 goal of working towards zero injuries and measuring progress toward that vision by further improving our incidence rate by 25 percent from 2006 to 2020. Between 2006 and 2014, the incidence rate for member companies declined by 40.8 percent to 1.56. The 2014 incidence rate for manufacturing at large was 4.0 in 2014, according to Bureau of Labor Statistics data, more than double the rate of AF&PA members. (The incident rate measures the number of recordable cases for 100 people working 40 hours a week for 50 weeks.)