American paper companies have imposed a 20% duty on coated paper from the Port Hawkesbury Mill in Nova Scotia, while Irving Paper in New Brunswick and Catalyst Paper of Britsh Columbia have had a 18% tariff imposed. North Pacific Papers of Washington State has also filed for countervailing duties on Canadian uncoated groundwood paper from Canada. The Hawkesbury mill won on appeal in its first round with the NAFTA panel. The U.S. has until mid-summer to appeal that decision, while other cases are being appealed by both the Canadian Federal and Provincial governments. During a recent rally in Phoenix Arizona, U.S. President Donald Trump said the U.S. will “probably” terminate NAFTA because he doesn’t think a deal can be made. His comments come about a week after re-negotiation talks began. The U.S. has also formally demanded that the Chapter 19 dispute resolution panels favoured by Canada be scrapped. In the past, the majority of its decisions have been won by Canada. Ottawa has promised to walk away from the talks before it accepts a NAFTA without these panels. The first round of NAFTA talks held recently failed to bridge the differences between Canada, the USA and Mexico, and left little signs of any real compromises. Next month, Mexico will host the second round of talks from September 1-5. Talks will then move to Canada later in September and return to the United States in October.
We are inviting PRINT 17 show attendees to check out our FREE materials and help themselves. Several of our member companies will be displaying these popular informational and promotional materials about paper and print from Two Sides: •Going Paperless May Not be Greener – 11 x 17 color infographic (printed by Ricoh USA) •Busting Myths About How Paper is Made – 11 x 17 color infographic (paper donated by Domtar and printed by Konica Minolta Business Solutions) •Myths and Facts brochure (paper and printing by Appleton Coated) •Two Sides printed newsletter – The Page – with the latest progress updates and accomplishments (printed by Konica Minolta Business Solutions) •Two Sides Membership Brochure – Learn more about Two Sides and our member benefits (printed by Canon Solutions America) Click Read More below for additional detail.
The Stevens Group, Elmhurst, Ill., a full-service print management and marketing support company, has acquired Crystal Lake, Ill.-based CL Graphics., a printing and cross-media marketing firm. CL Graphics’ operations will be integrated into The Stevens Group’s Elmhurst facility. Graphic Arts Advisors, LLC, a strategic financial advisory and consulting firm devoted exclusively to all sectors of the graphic communications industry, represented CL Graphics in the acquisition. Graphic Arts Advisors Director Mitch Evans served as lead advisor on this sale. CL Graphics’ commitment to providing the highest level of customer service aligns well with our culture, making this acquisition a very positive move for our company,” says John Brahm, president of The Stevens Group. “Our combined expertise in marketing and production will help further enrich the solutions we provide to clients. What’s more, CL Graphics’ extensive experience in direct mail will help broaden our already comprehensive mailing services.” Click Read More below for additional detail.
Wall Street Journal's Hong Kong edition will no longer be distributed after October 7 as the paper is moving to a digital only strategy. This is part of the paper's continued effort to scale back its print operations in Europe and Asia as it shifts savings and focus to digital. Luckily for the Wall Street Journal, digital has been on the rise with 1.27 million daily digital subscribers which is more than print subscribers. Click Read More below for more of the story.
L Brands, Inc. reported net sales of $842.1 million for the four weeks ended Aug. 26, 2017, a decrease of 1 percent, compared to net sales of $852.9 million for the four weeks ended Aug. 27, 2016. Comparable sales decreased 4 percent for the four weeks ended Aug. 26, 2017. For August, the exit of the swim and apparel categories had a negative impact of about 2 percentage points and 3 percentage points to total company and Victoria’s Secret comparable sales, respectively. The company reported net sales of $6.034 billion for the 30 weeks ended Aug. 26, 2017, a decrease of 5 percent compared to net sales of $6.356 billion for the 30 weeks ended Aug. 27, 2016. Comparable sales decreased 8 percent for the 30 weeks ended Aug. 26, 2017. Click Read More below for additional detail.
Bertelsmann had a successful first half of 2017. The international media, services, and education company reports revenue growth, operating EBITDA at a high level, and a first-half operating Group result of over €500 million for the first time in its history. The Group achieved further progress in implementing its growth strategy, and among other major initiatives signed an agreement to increase its stake in the world's largest trade publishing group, Penguin Random House, to a strategic majority of 75 percent. Bertelsmann increased its Group revenues by 2.1 percent to €8.1 billion in the reporting period (H1 2016: €8.0 billion). Organic growth improved to 1.4 percent (H1 2016: 1.3 percent). RTL Group's digital TV businesses, the digital activities of Gruner + Jahr and BMG, Arvato SCM Solutions and the Bertelsmann Education Group in particular developed positively. Growth businesses grew by 9 percent to €2.7 billion (H1 2016: €2.3 billion). For the first time, they accounted for more than 30 percent of total sales. Click Read More below for additional detail.
Gasoline hit a new a two-year high as investors assess the impact of refinery outages and restarts as Harvey moves away from the Houston area. With the storm sliding farther inland over Southwestern Louisiana, Motiva Enterprises LLC’s Port Arthur refinery, the country’s biggest, began a controlled shutdown. The disruption helped send motor fuel up 5.7 percent in New York, while oil slipped. An Energy Information Administration report showed U.S. crude stockpiles slid for a ninth week, though production -- often given more weight by traders -- continued to rise last week. Click Read More below for more of the story.
Costco Wholesale Corporation reported net sales of $9.8 billion for the month of August, the four weeks ended August 27, 2017, an increase of 10.0 percent from $8.9 billion during the similar period last year. For the first 52 weeks of its 53-week fiscal year ended August 27, 2017, the Company reported net sales of $123.5 billion, an increase of 6.4 percent from $116.1 billion during the 52-week 2016 fiscal year.
Greif is pleased to report that our steel, plastic, fibre drum and chemical filling services that were impacted by Hurricane Harvey are returning to operation. Operation may be limited depending on access to transportation, raw material, or other external services like export shipping Ports. We will keep the safety of our people as the top priority as we resume operations and meet our customers’ needs.
International Paper has pledged $1 million to support disaster relief efforts in the communities impacted by Hurricane Harvey and Tropical Storm Harvey. The International Paper Foundation will contribute $750,000 to the American Red Cross chapters in Texas and Louisiana, and will contribute $250,000 to Feeding America. International Paper has established strategic partnerships with these organizations to provide disaster relief in communities where IP employees live and work. Click Read More below for additional detail.