Please be advised we will be increasing the US market price of our newsprint on a 48.8 gsm basis by $US 20/MT effective with shipments June 1, 2017. 45 gsm, 43 gsm and 40 gsm Marathon lite newsprint will be increased according to past practice.
Here are some things that you can’t do with a Kindle. You can’t turn down a corner, tuck a flap in a chapter, crack a spine (brutal, but sometimes pleasurable) or flick the pages to see how far you have come and how far you have to go. You can’t remember something potent and find it again with reference to where it appeared on a right- or left-hand page. You often can’t remember much at all. You can’t tell whether the end is really the end, or whether the end equals 93% followed by 7% of index and/or questions for book clubs. You can’t pass it on to a friend or post it through your neighbour’s door. A few years ago, I was given a Kindle. I had become a student again. I was reading lots of books and I needed them cheap and light. But now the Kindle has slipped to the back of the desk drawer behind the Blu-Tack that comes out only at Christmas. Meanwhile, the stack of hardbacks and paperbacks on the bedside table has grown so tall it has spawned sub-stacks on the floor; when I get into bed at night, it is like looking down on a miniature book city. I don’t want to speculate about what goes on in other people’s bedrooms but I suspect it might be something similar, because figures published today by the Publishing Association show that sales of consumer ebooks have dropped by 17%, while sales of physical books are up 8%. Consumer spending on books was up £89m across the board last year, compared with 2015. So why is the physical book winning through? click Read More below for more of the story
Britons are abandoning the ebook at an alarming rate with sales of consumer titles down almost a fifth last year, as “screen fatigue” helped fuel a five-year high in printed book sales. Sales of consumer ebooks plunged 17% to £204m last year, the lowest level since 2011 – the year the ebook craze took off as Jeff Bezos’ market-dominating Amazon Kindle took the UK by storm. It is the second year running that sales of consumer ebooks – the biggest segment of the £538m ebook market, which fell 3% last year – have slumped as commuters, holidaymakers and leisure readers shelve digital editions in favour of good old fashioned print novels. “I wouldn’t say that the ebook dream is over but people are clearly making decisions on when they want to spend time with their screens,” says Stephen Lotinga, chief exeutive of the Publishers Association, which published its annual yearbook on Thursday. click Read More below for more of the story
Net sales increased 23% to $35.7 billion in the first quarter, compared with $29.1 billion in first quarter 2016. Excluding the $492 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 24% compared with first quarter 2016. Operating income decreased 6% to $1.0 billion in the first quarter, compared with operating income of $1.1 billion in first quarter 2016. Net income was $724 million in the first quarter, or $1.48 per diluted share, compared with net income of $513 million, or $1.07 per diluted share, in first quarter 2016. click Read More below for additional detail
Amcor will showcase some of its latest packaging solutions for food and beverage, home and personal care, medical and pharmaceutical industries at Interpack 2017 (Hall 9/B15) May 4-10 in Düsseldorf, Germany. Innovations on display will include Amcor’s AmLite, a metal-free laminate for high-barrier packaging; Vento™, a coffee packaging system with built-in venting control for ground and whole beans; and PushPop, a patented stand-up pack with a novel easy-opening system. “Amcor’s products address the increasingly challenging needs of brand owners, retailers, and manufacturers who seek to differentiate their products in a highly competitive marketplace,” said Luca Zerbini, vice president of marketing, R&D and sustainability for Amcor Flexibles EMEA. “Our research and packaging development focuses on high performance, consumer appeal, product safety, digitalization, cost benefits as well sustainability advancements.” click Read More below for additional detail
For the quarter ended March 31, 2017, reported sales increased 3% to $601 million from $582 million a year ago. Core sales, which exclude the negative impact from changes in currency exchange rates and the positive contribution from the Mega Airless acquisition, also increased by 3%. Commenting on the quarter, Stephan Tanda, President and CEO, said, “We are pleased to report core sales growth after a challenging second half of 2016. The diversity of our business continues to be a key strength. Our Pharma segment had an excellent quarter with growth across all three of its markets. The destocking effect that we saw at the end of 2016 appears to be over and we saw more normalized order levels in the prescription market and strong demand in the consumer health care market for decongestants and ophthalmics. We also achieved core sales growth in our Beauty + Home segment and were able to offset continuing challenges in the U.S. market with growth in the other regions. Our Beauty + Home and Food + Beverage segments were negatively affected by rising raw material costs, and our Food + Beverage segment was further impacted by lower sales volumes in the Chinese beverage market.” click Read More below for additional detail
National Average Price for Regular – Current: $2.398; Month Ago: $2.283; Year Ago: $2.173. National Average Price for Diesel – Current: $2.531; Month Ago: $2.502; Year Ago: $2.163.
American Dollar to Canadian Dollar = 0.733128; American Dollar to Chinese Yuan = 0.145025; American Dollar to Euro = 1.093237; American Dollar to Japanese Yen = 0.008978; American Dollar to Mexican Peso = 0.052560.
It's no secret manufacturing facilities use a lot of energy to make the cars, phones or, in Georgia-Pacific's case, paper towels that we use every day. But what if there was a way to encourage these facilities to reduce their energy consumption? It's a question Betsy Dutrow, the U.S. Environmental Protection Agency's ENERGY STAR® industrial team leader, and her team asked. Their answer? The ENERGY STAR Challenge for Industry. The ENERGY STAR Challenge for Industry is a voluntary pledge manufacturing facilities make to reduce energy consumption by 10 percent in five years or less. It's open to manufacturing facilities across the world, and there are no penalties for mills that don't reach that number. Dutrow says, "It's an aspirational goal that, while it may sound difficult, is one we believe most facilities who take the challenge will end up achieving. We have seen energy intensive sites achieve a 10 percent reduction when they initially thought they would not. Additionally, we have seen plants in other industries reduce their energy consumption by as much as 30 and 40 percent." click Read More below for additional detail
Mercer International Inc. reported strong results for the first quarter ended March 31, 2017. Operating EBITDA* in the first quarter of 2017 increased by approximately 33% to $60.2 million from $45.3 million in the same quarter of 2016 and from $57.8 million in the prior quarter. For the first quarter of 2017, net income increased to $9.7 million, or $0.15 per basic and diluted share, after giving effect to a loss of $10.7 million ($0.17 per basic and $0.16 per diluted share) on the redemption of our outstanding 7.0% senior notes due 2019 (the "2019 Senior Notes"). In the comparative quarter of 2016, net income was $8.8 million, or $0.14 per basic and diluted share. click Read More below for additional detail