Clearwater Paper to Close Oklahoma City Tissue Converting Facility and Restructure Neenah Mill

Clearwater Paper Corporation announced the permanent closure of its Oklahoma City converting facility and permanent shutdown of two tissue machines at the company's Neenah, Wisconsin, tissue facility. "As an integral step in our overall strategy to optimize our operations through better asset utilization, we will be taking these difficult but necessary actions while delivering on our growth objectives," said Pat Burke, group president for Clearwater Paper. Clearwater Paper intends to run its Oklahoma City facility until its permanent closure on March 31, 2017. All of the facility's 131 employees will be impacted. The facility converts large parent rolls of tissue into packaged products. Also, as part of an overall facility optimization and restructuring plan, Clearwater Paper's Neenah location will permanently shut down two of the company's highest-cost tissue machines, affecting approximately 85 of the facility's approximate 400 employees and removing a total production capacity of 32,000 tons beginning December 31, 2016. Three remaining tissue machines will continue to manufacture an array of private label and away-from-home tissue products. click Read More below for additional detail
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Berry Plastics Group, Inc. Reports Fourth Quarter and Fiscal Year 2016 Results

Highlights: » Reported net sales of $1,618 million for the September 2016 quarter and record fiscal 2016 net sales of $6,489 million » Recorded operating income of $151 million in the September 2016 quarter, an increase of 41 percent compared to the prior year quarter » Recorded net income of $77 million or $0.61 per diluted share and increased adjusted net income per diluted share by 46 percent in the quarter to $0.73 » Posted operating EBITDA of $301 million (18.6 percent of net sales) in the September 2016 quarter compared to $205 million (17.1 percent of net sales) in the prior year quarter » Generated $290 million of cash flow from operations in the September 2016 quarter compared to $245 million in the prior year quarter. click Read More below for additional detail
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Brent Crude Oil Climbs Above $50 as OPEC Said Very Close to Deal

Saudi Arabia Energy Minister Khalid Al-Falih said “there are good chances” for a deal and he is hoping non-OPEC producers will cut production. Russia, the biggest supplier outside the bloc, had previously said it was only prepared to freeze supply at current near-record levels. Brent for January settlement, which expires Wednesday, gained as much as $4.07 to $50.45 a barrel on the London-based ICE Futures Europe exchange. It traded at $50.08 at 12:24 p.m. local time. The contract dropped $1.86 to $46.38 on Tuesday, the lowest close since Nov. 14. The global benchmark traded at a $1.30 premium to WTI for the same month. West Texas Intermediate for January delivery rose as much as $3.89 to $49.12 a barrel on the New York Mercantile Exchange. The contract dropped $1.85 to $45.23 on Tuesday, the lowest close since Nov. 14. click Read More below for more of the story
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Young Canadian Researcher Chosen to Vie for Global Innovation Award

The Forest Products Association of Canada (FPAC) is pleased to announce that a PHD graduate from McGill University, Goeun Sim, has been chosen as the Canadian finalist for the global Blue Sky Young Researchers Innovation Award, based on her exciting and environmentally leading proposal to advance innovation in the forest products sector. Dr. Sim’s research proposal is based on the novel development of smart multi-coloured wood based fabrics that are free of toxic chemicals using coloured nanoparticles as a dye. The resulting environmentally sustainable textile production would eliminate pollutants and the non-toxic cellulose yarns would be a value-added product for the forest industry. click Read More below for additional detail
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Hearst Newspapers Names Michael Sacks Senior Vice President of Operations

Michael Sacks has been named senior vice president of operations for Hearst Newspapers. The announcement was made by Hearst Newspapers President Mark Aldam and Houston Chronicle President and Publisher John McKeon. Sacks begins his new position immediately and will report to Aldam. “Mike’s leadership at Hearst’s Texas properties over the last four years has proved invaluable to the growth and strength of those newspapers,” Aldam said. “His experience bringing process improvements and data-driven discipline to operational strategies make him an excellent addition to the senior leadership team.” click Read More below for additional detail
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German Print Media Technology Competition selects winner for WorldSkills 2017 in Abu Dhabi

Three newly graduated printers put themselves forward for the opportunity to represent Germany at the next WorldSkills in the print media technology discipline, competing in a preliminary selection round entitled “We make world champions” from 23 to 24 November 2016. Florian Kraus from AZ Druck und Datentechnik GmbH in Kempten came away the winner, with Andreas Will from the same company and Jan Jungwirth from Engelhardt Etikett in Nördlingen as runners-up. Florian Kraus will therefore represent Germany next year at the WorldSkills International competition from 14 to 19 October 2017 in Abu Dhabi, the capital of the United Arab Emirates. The German competition was held in the Print Media Center of Heidelberger Druckmaschinen AG (Heidelberg). The participants were given two hours to produce a print job revealed to them during the competition. The jury – Harry Belz from Bundesverband Druck und Medien, Dietmar Meier, Head of Training from Mohn Media, and Josef Schmid from the public Berufsschule I in Kempten– scored the participants on their approach to color blending, the total time needed, and the quality of the printed product. click Read More below for additional detail
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Global Parcel Shipping Projected to Grow 20% by 2018

Parcel shipping volume is to grow annually at 5% to 7% between now and 2018, for a total increase of 20%, with the biggest gains coming in cross-border shipping, according to a new study from Pitney Bowes. As ecommerce is growing at about 15% per year compared to 5%-7% for global parcel volume, Snyder said she expects the share of parcels being generated by ecommerce to increase. “This highlights the challenges retailers face, including the complexity of managing the seasonality of volume and continued pressure on the shipping market,” she said. click Read More below for additional detail
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Breaking News: Time Inc. Rejects Buyout Offer

Time Inc. has received a buyout bid from billionaire Edgar Bronfman Jr., which has reportedly been rejected by the company’s board. The offer was for $18 a share, a 30% premium over the company’s Friday closing price, Keith Kelly of The New York Post reported. Bronfman, managing partner of private equity firm Accretive LLC, went in on the bid with fellow billionaire Leonard Blavatnik, founder of holding company Access Industries, and Israeli businessman Ynon Kreiz, according to Kelly. Recently, Time Inc. has been repositioning itself as more of a digital media company—becoming less dependent on print ad revenue. click Read More below for more of the story
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Sonoco Announces Senior Leadership Changes

Sonoco announced several new senior leadership changes which will become effective January 3, 2017, according to M. Jack Sanders, President and Chief Executive Officer. Robert C. Tiede, 58, has been appointed Executive Vice President and Chief Operating Officer and will have global leadership, sales and operating responsibility for all of the Company’s diversified consumer, industrial and protective packaging businesses, reporting to Sanders. Sanders also announced the promotions of Vicki B. Arthur to Senior Vice President, Plastic Packaging and Protective Solutions; R. Howard Coker to Senior Vice President, Rigid Paper Containers and Paper/Engineered Carriers International; and Rodger D. Fuller to Senior Vice President, Paper/Engineered Carriers U.S./Canada and Display and Packaging. Each will report to Tiede. click Read More below for additional detail
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Great results from testing UPM’s wood-based diesel in buses

UPM has successfully tested Finnish wood-based diesel fuel both in laboratory conditions as well as in traffic. The tests clearly demonstrated that UPM's renewable diesel, UPM BioVerno, works just like the best diesel fuels. The laboratory tests of renewable UPM BioVerno diesel were conducted in the VTT Technical Research Centre (VTT) and field tests in Helsinki region bus traffic together with Helsinki Region Transport (HSL). The year-long bus field tests' measurements were done by VTT, and the tests were also supported by Transdev Finland Oy, Volvo and St1. The first laboratory tests were done with Euro III Class buses, which are still widely used on Finnish roads even today. UPM BioVerno diesel produced clearly lower emissions than fossil diesel. Compared to other advanced fuels, the emissions of UPM BioVerno diesel were at least as low as theirs. click Read More below for additional detail
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