West Texas Intermediate for October delivery was at $47.29 a barrel on the New York Mercantile Exchange, up 31 cents, at 12:39 p.m. London time. The contract dropped 66 cents to settle at $46.98 on Monday. Total volume traded Tuesday was about 27 percent below the 100-day average. Brent for October settlement, which expires Wednesday, was up 24 cents at $49.50 a barrel on the London-based ICE Futures Europe exchange. Prices fell 66 cents, or 1.3 percent, to $49.26 on Monday. The global benchmark crude traded at a $2.21 premium to WTI. The more-active November contract rose 22 cents to $49.67 a barrel. U.S. crude inventories expanded by 2.5 million barrels to 523.6 million through Aug. 19, according to EIA data.
Electronics For Imaging, Inc. today announced it will move to a brand-new facility in Londonderry, N.H., to house its US Inkjet business. The facility, which will be nearly a quarter-million square feet in size with room for additional expansion, is scheduled to be completed in early 2018. The facility will offer very close proximity to the Manchester-Boston Regional Airport, which is less than one mile away. The new EFI™ Inkjet center will allow consolidation of operations into a single facility and include research & development, manufacturing, warehousing, training and service for EFI VUTEk® and EFI Wide Format printers, along with worldwide sales and marketing management for EFI's broader portfolio of narrow, wide- and superwide-format industrial inkjet printers and presses. A new, state-of-the-art customer briefing and demo center in the facility will house EFI Inkjet production printers for signage and graphics, textile and label applications, along with related EFI Productivity Software and EFI Fiery® digital front end workflow products.
Huhtamaki Foodservice Nordic is the first to introduce a single use paperboard hot cup range with the Nordic Ecolabel and the right to use the Swan logo. The cups produced in Hämeenlinna, Finland, meet all the criteria of the Nordic Ecolabel. The cups are targeted for cafés, restaurants and catering services. The Swan label guarantees that the product is designed and manufactured in a best possible way for the environment, taking into account the entire product life cycle. Only the best products can receive the right to use the Swan logo. The criteria for obtaining the Nordic Ecolabel are tight, for example, products must contain at least 90 % renewable raw materials, they have to be recyclable or compostable, the chemicals allowed are strictly limited and the energy consumption and emissions in production are also taken into account. Huhtamaki started the process of applying for the ecolabel in 2015, and now it can present the finished products to clients. The cups are as sturdy as before and they look the same but they represent an important value added.
Starting today, Pizza Hut is offering a pizza box featuring a playable “flick football” field on its top, including goal posts, football triangles and a scorecard. The box is available with the purchase of any medium pizza, including a one-topping medium pizza off the $5 Flavor Menu. Pizza Hut is also launching a “Flick Football Challenge” game inviting fans to share videos of their skills for chances to win free pizza from the $5 Flavor Menu. Fans can participate in weekly challenges, including longest flick, most consecutive made flicks, and most creative flicks, by posting their videos on Twitter, tagging @PizzaHut and using #PizzaHutHut.
CTI Paper USA has named Gerard Vail as VP-Sales and National Accounts. He will hold an equity position in the company. Vail, most recently sales director at Finch Paper, brings a 30-year background in printing and premium coated/uncoated printing papers, and is a longtime specialist in digital papers and substrates. "Gerard is a respected sales and marketing executive with an unrelenting focus on delivering new value and profitability to customers across the U.S. and Canada," said John Kelly, President and Owner of CTI Paper USA. "Merchants, printers and end-users uniformly praise his excellence and consistent hard work on their behalf."
Wingate Partners ("Wingate"), a Dallas-based private equity firm, completed the sale of its portfolio company, Dunn Paper, Inc. to Arbor Investments , a Chicago-based private equity firm. Dunn is a U.S. leader in made-to-order specialty papers and tissues for food packaging and consumer product markets. Wingate partnered with the Dunn management team to acquire the business in July 2010. During the subsequent six years, Dunn built an outstanding foundation and executed a transformative acquisition to offer even more unique value to its market-leading customers. "Brent and the Dunn team have done an outstanding job of executing day in and day out to achieve a compelling vision. They are first class people and world class operators. It's been a privilege to partner with them," said Brad Brenneman, Chairman of Dunn and a Partner at Wingate.
Cox Printers has joined Two Sides North America, the non-profit organization that promotes and encourages the responsible production, use, and sustainability of print and paper. "It’s great to have Cox Printers join our network. I was very impressed with their environmental initiatives which seem to go beyond what many companies are doing, including the use of solar power, wind turbines, a green roof with vegetables, milkweed plants to provide food for Monarch butterflies, honey bee hives and nesting habitat for Nighthawks. They are showing us some of the simple things companies can do to make their sites more integrated with nature,” says Two Sides North America President, Phil Riebel. “As a father and business person I feel that if all businesses did half of what Cox Printers have accomplished then the results would be remarkable. There is monetary ROI in being sustainable in addition to the pride we feel for doing the right thing,” says Michael Kaufman, President, Cox Printers.
To help understand the full "label life" of their products, from the extraction of raw materials to delivery of finished label stock to customers, UPM Raflatac has collaborated with leading Brazilian converter Baumgarten on a life-cycle assessment (LCA) of label material release liners, with exciting results to report. These two frontrunner companies in the label value chain have adopted this voluntary guidance to assess - and reduce - their impact on the environment. The study will be publicly available at Labelexpo Americas in Chicago from September 13-15. Baumgarten began its LCA efforts with a foundational study comparing glassine (landfilled) and PET (recycled) release liners for a product it produces with UPM Raflatac label stock. Although PET liners are manufactured from petrochemicals, they are easier to recycle in Brazil than glassine liners. Additionally, because PET liners are thinner, they can yield more labels per roll and offer fewer roll changes on-press, allowing printers, converters and end-users to achieve greater productivity.
Amazon has confirmed that it is opening another bricks-and-mortar store, this one in Chicago. The mega-retailer told the Chicago Tribune that the store will be located in Chicago’s Southport Corridor and is set to open next year. The 7,200 sq. ft. location is on the former site of the Mystic Celt bar and grill at 3433 N. Southport Avenue. This will be Amazon’s second beach head in Chicago. Last week it announced that it will open its first pickup location in the Windy City later this year. The 2,300 sq. ft. pickup spot will be located at the University of Illinois at Chicago’s Student Center East.
2015 Sustainability Highlights: Verso's Lost Workday Incident Rate (LWIR)—a measure of serious injuries—improved 10 percent to 0.54; however, the company's Total Incident Rate (TIR) increased slightly over the previous year to 1.44. Forty-eight percent of the fiber used in Verso's products was third-party certified and 32 percent of its total paper sold was chain-of-custody certified. Carbon-neutral, wood-based biomass accounted for 64.4 percent of on-site energy generated at Verso's mills. Over 58 percent of the manufacturing byproducts generated at Verso's mills was reused for energy generation and 28.1 percent was reclaimed for other beneficial reuse applications. Only 13.7 percent of Verso's solid waste was sent to landfills. Nearly 1.4 million pounds of paper were recovered for recycling through the Duluth Mill's magazine collection program, with 6.8 million pounds recovered since its inception in 2008. Verso has the capability to offer FSC®, SFI® and PEFC™ chain-of-custody certified products across all paper and pulp grades and products with 10 percent to 30 percent recycled fiber content. click Read More below for additional details