The Sustainable Forestry Initiative Inc. (SFI) announced today that J.D. Irving, Limited (JDI) is the 2017 winner of the SFI Leadership in Conservation Award. This award, announced at the SFI Annual Conference, recognizes SFI Program Participants across Canada and the U.S. who are involved in strong partnerships focused on conservation. In 2016, SFI Program Participants reported on 420 different audited research projects with more than 500 unique partner organizations. JDI collaborated in 68 forest research projects, the highest number of any SFI Program Participant. Project highlights include JDI’s award-winning Unique Areas Program, which has grown from 29 sites in the 1980s to more than 1,300 today, it focuses on protecting unique elements in working forests. The sites are found and mapped by over 100 forestry professionals working in Maine, New Brunswick and Nova Scotia. The program has four broad objectives: preserving rare and uncommon species and landscape features; monitoring important indicator species; establishing a database of species and natural features; and engaging the public and stakeholders. Click Read More below for additional detail.
National Average Price for Regular – Current: $2.568; Month Ago: $2.378; Year Ago: $2.209. National Average Price for Diesel – Current: $2.729; Month Ago: $2.541; Year Ago: $2.354.
American Dollar to Canadian Dollar = 0.804502 American Dollar to Chinese Yuan = 0.150400; American Dollar to Euro = 1.181477; American Dollar to Japanese Yen = 0.008892; American Dollar to Mexican Peso = 0.055113.
Futures were little changed in New York, up more than 9 percent in September. Oil this week returned to a bull market on signs the persistent crude surplus was finally starting to shrink, while Trafigura Group and Citigroup Inc. warned of the potential for a further supply squeeze in 2018. The Organization of Petroleum Exporting Countries and Russia have hailed the success of their agreement to cut production and urged their allies to stay focused on finishing the job. U.S. Gulf Coast refiners restarted after last month’s hurricanes. Click Read More below for additional detail.
In response to the devastation caused recently by Hurricanes Harvey, Irma, and Maria, and earthquakes in Mexico, Gap Inc. and Gap Foundation have increased their total donation to $2 million to address immediate needs and ongoing recovery efforts. The donation includes cash grants from Gap Foundation to on-the-ground relief organizations, donations from Gap Inc. brands towards critical clothing needs, and employee-matched donations. So far, nearly 100,000 units of clothing have already been delivered to Texas and Florida, with additional clothing donations planned in the coming months. So far, a total of $180,000 has been donated by Gap Inc. employees, which includes company-matched funds.
In its unwavering focus to safeguard data, IWCO Direct, a leading provider of data-driven direct marketing solutions, announced it has achieved HITRUST CSF v8.1 Certification for all facilities through ControlCase, an approved HITRUST Assessor. HITRUST CSF Certification includes Mail-Gard®, a division of IWCO Direct that provides business continuity and disaster recovery services. The certification demonstrates all supporting systems meet key regulations and requirements for protecting and securing sensitive personal healthcare information (PHI). The Health Information Trust Alliance (HITRUST), in collaboration with healthcare, business, technology, and information security leaders, established HITRUST CSF, a certifiable framework that can be used by all organizations that create, access, store or exchange personal health and financial information. Click Read More below for additional detail.
Irving Consumer Products broke ground on the construction of their new $400 million state-of-the-art tissue plant in Macon, Georgia today at an event at the site of their future home. Joined by Mayor Robert Reichert and Charlie Gatlin, Special Projects Advisor for Georgia Department of Economic Development (GDEcD), President Robert K. Irving acknowledged the next step in the construction of the new facility. “We’re excited to begin construction on this new plant. The plant will create over 200 permanent, skilled jobs and allow us to continue to meet our customers’ growing demands,” said Robert K. Irving, President of Irving Consumer Products. “It will also provide growth in our home province. The pulp will be from Irving Woodlands, manufactured at our New Brunswick pulp mill.” The new plant will produce ultra-premium quality household paper products including soft bath tissue and high quality paper towel that is both strong and absorbent. Click Read More below for additional detail.
The Sustainable Forestry Initiative Inc. (SFI) announced today that the Maine SFI Implementation Committee is the winner of the 2017 SFI Implementation Committee Achievement Award. This award, announced at the SFI Annual Conference, recognizes the exceptional work of the grassroots network of 34 SFI Implementation Committees across the U.S. and Canada. Groups ranging from Habitat for Humanity and Boy Scouts to universities and Ducks Unlimited Canada work with SFI Implementation Committees. "Education and outreach have long been a strength of the Maine SFI Implementation Committee. Every year we hold multiple events and workshops that involve hundreds of people and benefit our communities. Having these efforts recognized with an SFI award is hugely gratifying," said Pat Sirois, the Maine SFI Coordinator. "This award really belongs to the network of countless people who care about Maine's forests. We all share the benefits of the healthy, productive forests that are such a significant part of the quality of life in our state." Click Read More below for additional detail.
eBook revenues for trade book publishers were up 2.4% in May 2017. The growth was attributed to increased eBook sales for Adult Books, up 3.4% over May 2016. This is the first monthly increase over prior year sales since March 2015, according to the StatShot Monthly report from the Association of American Publishers (AAP). The increase in eBook sales was one element of a growth month for book publishers. Revenues for book publishers were up by $50.7 million (4.6%) in May 2017 over May 2016. Revenues from Jan. – May 2017 were $4.25 billion, gaining $175.7 million (4.3%) compared to the same timeframe in 2016. Click Read More below for additional detail.
Walmart has committed $5 million in support of Hurricane Maria relief efforts. This builds on the commitments previously announced by Walmart and the Walmart Foundation totaling $35 million to support 2017 hurricane assistance in response to Hurricane Harvey and Hurricane Irma. Walmart operates 45 retail facilities in Puerto Rico, which includes two distribution centers and a satellite headquarters, supported by nearly 15,000 associates across the Island. The $5 million commitment will support organizations helping with local relief efforts supporting those in need. Click Read More below for additional detail.
Questions remain on exact details of Appleton Coated's sale to Industrial Assets Corp. after a marathon six-hours-plus hearing Monday in Outagamie County court. Questions also remain on exactly what its 600-plus employees can expect – or hope for – in the long run. It appears the mill has dodged the bullet of an immediate shutdown and liquidation, but might only operate in a limited capacity for 45 days with a staff of 195, about a third of its workers. Still, that's a victory some are celebrating. “We get a second chance,” said Tom Nelson, Outagamie County executive. Nelson had initially objected to the mill's sale to the liquidator and petitioned for more time for a different buyer to come forward in a joint statement with Combined Locks village president John Neumeier. Click Read More below for more of the story.
Turkey agrees to deal only with Iraq’s central government for all crude that the OPEC nation exports through a Turkish pipeline, the Iraqi prime minister said, days after Iraq’s self-governed Kurds, who ship their own oil via the same network, approved a referendum on independence. The comments suggest the Turks may be reviewing their policy of letting Iraq’s landlocked Kurds export oil independently through the Turkish-controlled pipeline. Crude was flowing normally through the network on Thursday. The Kurds export less than 600,000 barrels a day, according to a tweet by the Kurdistan Regional Government’s Ministry of Natural Resources on Sept. 24. Turkish Prime Minister Binali Yildirim asserted his country’s support for “restricting oil exports to the federal authorities” in Iraq, he said in a phone call with his Iraqi counterpart, Haider Al-Abadi, according to an emailed statement on Thursday from Al-Abadi’s office in Baghdad. Click Read More below for more of the story.
Fortress Paper Ltd. reports that it has completed an assessment of the failure of a pressurized auxiliary gas collection system at the Fortress Specialty Cellulose Mill (the "FSC Mill") in Thurso, Québec that was reported on September 21, 2017. The Company has identified the source of the failure and is in the process of repairing and replacing the damaged components. The Company has dispatched personnel to multiple supplier and repair locations to further attempt to expedite the work to be completed. Based on best effort commitments provided by equipment and parts suppliers, management believes that production at the FSC Mill will be restarted on or prior to October 9, 2017. The Fifth Digester Project continues to advance in the normal course and the cogeneration facility continues to operate at a reduced rate. Click Read More below for additional detail.
Newsquest Media Group announced the acquisition of NWN Media Ltd (NWN), the publisher of 13 local news brands across North and Mid Wales, Cheshire and Shropshire. The NWN Board unanimously accepted the Newsquest offer which will now allow the company to move forward with confidence in a fast-changing media landscape. NWN’s portfolio comprises 12 weekly newspapers and one daily, with associated websites, including the likes of The Leader (Wrexham and Flintshire), the Chester Standard, the Powys County Times, the Denbighshire Free Press, the Whitchurch Herald and the North Wales Chronicle. NWN also operates an extensive contract printing operation. Click Read More below for additional detail.
• Second Quarter Net Income of $170.7 Million or $0.16 Per Diluted Share, Compared to the Prior Year Second Quarter Net Income of $14.8 Million or $0.01 Per Diluted Share • Second Quarter Adjusted Net Loss Per Diluted Share of $0.01, Compared to the Prior Year Second Quarter Adjusted Net Income Per Diluted Share of $0.03 • Adjusted EBITDA of $213.3 Million for the Second Quarter, Compared to the Prior Year Second Quarter Adjusted EBITDA of $312.7 Million. Click Read More below for additional detail.
Norske Skog has today received a recapitalization proposal from a majority of senior unsecured noteholders (the "Unsecured Proposal"), and Norske Skog will for the purpose of information parity publish the Unsecured Proposal. The board of Norske Skogindustrier ASA will review the Unsecured Proposal in an appropriate manner. The approval deadline for Norske Skog's ongoing consent solicitation is set to Friday 29 September at 17.00 CET.
Second Quarter Fiscal 2018 Highlights • Net sales increased 0.4% to $407.6 million; • Company comparable sales increased 1.8%; • E-Commerce sales penetration reached 27%; and • Loss per share (GAAP) of ($0.10); adjusted loss per share (non-GAAP) of ($0.05) compared to loss per share of ($0.05) in the second quarter of fiscal 2017 (see reconciliation below of loss per share to adjusted non-GAAP loss per share). Click Read More below for additional detail.
PaperWorks Industries, Inc., a leading manufacturer of paperboard and specialized folding cartons, announced that C. Anderson "Andy" Bolton has joined the company as president and chief executive officer. Bolton has more than two decades of senior leadership experience with several multinational packaging companies. He brings to PaperWorks a significant track record in finance, sales, strategy, business development and executive management in flexible and rigid packaging. In his prior roles, he has served the needs of many market segments including personal and home care, beverage, medical, pharmaceutical and others. Click Read More below for additional detail.
In the aftermath of Hurricane Harvey, members of the children’s book community—including teachers and literacy activists—have rallied in support of students and educators. A number of authors have also organized efforts to provide books, clothes, and other basic-needs items to children and families affected by the storm. Back in 2012, author Kate Messner launched KidLit Cares, an online talent auction of children’s book art and other items, in response to Hurricane Sandy. The first auction brought in more than $35,000. Messner recently reprised the initiative when she learned of the devastation caused by Harvey. “Like so many people, I watched the news about Hurricane Harvey and its aftermath and was absolutely heartbroken to see so many families in crisis. The scope of that storm was devastating, and it hit vulnerable populations the hardest. I wanted to do something and knew that I wasn’t alone,” she said. Click Read More below for more of the story.
Dentsu Aegis Network announces that Time Inc. has joined its Publisher Addressable Marketplace (PAM), in which premium publishers make their inventory available addressably via the network’s people-based marketing platform, M1. M1 provides direct publisher integrations with the world’s leading publishers, giving clients even greater ability to use their own consumer data to reach their audiences seamlessly, in a premium, brand-safe environment. Time Inc.’s premium, trusted content brands and large scale creates significant first-party data which expands the individual reach of PAM and further strengthens M1 as the largest people-based platform in the US. Time Inc. contributes: ·168 million unduplicated reach (nearly 7 in 10 Americans)* · 106 million mobile unique IDs (1 in 2 US mobile consumers)* · 51 million millennials (nearly 7 in 10 Americans)* Click Read More below for additional detail.
UPM Raflatac has announced Henkel as the winner of the RafCycle® Award at Labelexpo Europe 2017 in Brussels. The RafCycle Award is presented in recognition of excellence in recycling and environmental performance. Henkel has demonstrated great commitment to improving the environmental performance of self-adhesive labeling and promoting the sustainability of the labeling business. Both Henkel and UPM share common values of driving sustainable business and the circular economy, including having the concrete target of zero waste to landfill. "We're very proud to receive the RafCycle Award, as it recognizes our commitment to working with partners along the entire value chain to create sustainable value," says Jens Hainmueller, Head of International Packaging Development for Henkel's Beauty Care business unit. "Our partnership with UPM Raflatac gives label liners a second life, as they can be recycled to produce new paper materials. It's a great example of how we use our technologies and expertise to develop future-oriented solutions with partners who share our commitment to leadership in sustainability." Click Read More below for additional detail.
The suspense is not completely over for Appleton Coated and its 620 employees. The struggling paper mill's sale to Industrial Assets Corp., a used machinery dealer based in Los Angeles, progressed in a six-hour marathon hearing Monday before Outagamie County Circuit Court Judge Gregory Gill. "I'm not going to take any action," Gill said late Monday. "We have definitive things in place but we're not at the finish line." Lawyers have a maximum of five days to hash out the details of a hybrid agreement that states Industrial Assets will pay $20 million for Appleton Coated and at the same time market the mill as an ongoing operation for 45 days. Mark Freedlander, an attorney for Industrial Assets, said "we have reached an agreement and we are responsible for marketing the entity as a going concern." Click Read More below for additional detail.
Please be advised that, effective with shipments November 1, 2017, Catalyst Paper will be implementing a $2.00/cwt. ($40/ST) USD price increase on its Rumford Offset grade for new and existing orders. This increase applies to all basis weights, finishes and grade extensions.
Sonoco has leveraged its world-class RainGuard® technology, previously applied to its Sonotube® forms, to develop a new paper cartridge for adhesives, caulks and sealants designed to withstand inclement weather on construction sites. The cartridge can be used for traditional adhesives and sealants packaged in barrier fiber cartridges, and is now available for the entire adhesives and sealants market. “This cartridge was developed in response to customer feedback – we learned that people needed an all-weather solution for construction sites, especially for large, ongoing projects,” said William Long, division sales manager, Adhesives and Sealants, Sonoco. “This new cartridge is still gunnable after exposure to wet conditions, meaning that construction workers don’t need to pack up every time it rains.” Click Read More below for additional detail.
Pearson PLC has appointed a chief strategy officer to help drive its transformation to a digital learning company. Jonathan Chocqueel-Mangan, currently chief strategy and transformation officer at Kantar Consumer Insights, joins Pearson to lead the strategic planning process, working with the executive team and board to shape and execute the plan for the business. He will also play a role in generating insights into trends and market opportunities to help drive future growth. He will report to John Fallon, chief executive officer. John Fallon, chief executive officer of Pearson, said: “Jonathan has an impressive track record in developing business strategy, working at board level over many years, achieving impressive results. He is exactly the kind of world-class talent that Pearson is targeting to ensure we become the digital winner in education.” Click Read More below for additional detail.
UPM Biofuels is one of six finalists for the Industry Leadership category in Bioenergy at the 2017 Platts Global Energy Awards - often described as the Oscars of the energy industry. UPM Biofuels is nominated for its wood-based low emission advanced UPM BioVerno biofuels, and its one-of-a-kind commercial scale biorefinery in Lappeenranta, Finland. The Platts Global Energy Awards honour organisations and individuals who are dedicated to achieving excellence in the energy industry, recognising top performers - industry leaders and innovators in the energy industry. The Bioenergy Industry Leader Award recognises a recent innovation in bioenergy that is market competitive, ecologically sound and minimises undesirable environmental impacts. The nominees must be producing or enhancing the application of bioenergy solutions. The judging criteria include challenges, financial results, innovation, leadership and operational excellence. Click Read More below for more of the story.
Members of Unifor Local 10-B voted 80 per cent in favour of a new four-year contract that helps secure the future of the pulp mill with significant investments over the next two years. "Our new collective agreement is good for workers and good for the community," said Jerry Dias, Unifor National President. "We're proud to work with Domtar to ensure a future for this mill and hundreds of good jobs that Kamloops can rely on." The new collective agreement commits the parties to finding solutions on retiree health benefits, it also works on retention and training of trade workers, and streamlines administration while improving benefits. Unifor says that these gains will be important for the next generation of mill workers as a wave of retirements creates openings. "The collaborative working relationship we have with the union is something that I'm very proud of" stated Jean-Claude Allaire, General Manager of the Domtar Kamloops Mill. "It's our commitment to finding innovative solutions that resulted in a meaningful agreement for both parties". The framework of the new contract is built on Unifor's Western Canada pulp and paper pattern agreement. Click Read More below for additional detail.
“The API numbers did surprise, and I would be even more surprised to see them being repeated,” said Ole Hansen, head of commodity strategy at Saxo Bank A/S. “We have reached a price level with which even OPEC is likely to be satisfied. I’m not sure whether Russia would like to play ball for such an extended period especially into the peak demand season.” Gasoline stocks rose by 1.47 million barrels and distillates fell by 4.53 million barrels last week, the API reported Tuesday, according to a person familiar with the data. U.S. crude inventories probably rose by 3.1 million barrels, according to the Bloomberg survey before an Energy Information Administration report. Click Read More below for more of the story.
The Book Industry Study Group devoted a large portion of its annual meeting held Monday to supply chain issues. Panelists representing different parts of the chain—publishing, distribution, rights/metadata/marketing, and retailing—generally agreed that the industry was working fairly efficiently, but that work needs to be done to keep pace with publishing’s ongoing changes. One issue addressed at the event, held at the Harvard Club In New York City, was "channel conflict." Simon & Schuster’s executive v-p of sales and market, Michael Selleck explained the phenomenon by saying that it occurs when outside influences disrupt the sale channel. Examples of channel conflict include things like the illegally imported (and cheaper) textbooks in the international market, and used books in the domestic market. The example of channel conflict that drew the most attention, though, was the new phenomenon of third party resellers being able to win buy buttons at Amazon, thereby being the first option consumers see. Because new books are supposed to be the first option for consumers on Amazon, publishers suspect the third party sellers winning buy buttons have somehow gotten their hands on new titles. Click Read More below for additional detail.
Bass Pro Shops and Cabela’s Incorporated announced they have successfully completed the transaction in which Bass Pro Shops acquired Cabela’s for $61.50 per share in cash, representing an aggregate transaction value of approximately $5.0 billion. As a result of the completion of this transaction, Cabela’s common stock will no longer be listed for trading on the New York Stock Exchange. The completion of this transaction formally brings together three of the nation's premier sporting brands: Bass Pro Shops, a leader in fishing; Cabela’s, a leader in hunting; and White River Marine Group, a leader in boating, which is part of Bass Pro Shops. The combined company will now offer expanded product line and geographic footprint, creating enhanced benefits for outdoor enthusiasts. Click Read More below for more of the story.
HP Inc. announced the new HP Latex 115 Printer, offering the most economical entry point into sign and display printing services using high-quality, water-based HP Latex technology. The HP Latex 115 model is also available in the Print and Cut series, providing an end-to-end HP solution for printing and cutting. The new 54-inch HP Latex 115 Printer delivers stunning results with high image quality across a wide range of applications for indoor and outdoor signage. HP Latex 115 Print and Cut also provides an end-to-end solution for producing applications such as labels, decals, stickers, customizable clothing, window graphics, and many more applications. The dual-device solution delivers simultaneous and continuous printing and cutting in a single, integrated workflow. HP Latex Print and Cut solutions were launched earlier this year on the HP Latex 300 series. Click Read More below for additional detail.
Target is giving thousands of its employees a raise. The retailer announced this week that it will start raising its minimum wage next month to $10 an hour, and will eventually raise it to $11 an hour for all U.S. stores. "Target has always offered market-competitive wages to our team members," Brian Cornell, Target’s CEO, said in a statement. "With this latest commitment, we'll be providing even more meaningful pay, as well as the tools, training, and support … that set Target apart." Although Cornell didn’t specify how many of the company’s current 323,000 employees will get the raise, it will apply to the 100,000 temporary workers that the retailer plans to hire ahead of the holidays. Target also committed to boosting its minimum wage to $15 per hour by 2020. Click Read More below for more of the story.
A hearing ended Monday after nearly seven hours of discussion, to decide the future of Appleton Coated and its more than 600 workers. It looks like the future could be a little bit brighter for those workers. During Monday's hearing the judge was supposed to either approve of the $21 million purchase agreement or deny the sale. However, some changes were made to those original purchase agreements after a different offer came through from the employee union and a lending firm. "We will work to do our very best to provide an operating budget to each of the steelworkers and the receiver. We will work very hard. That's not a guarantee, but if it's not done by the end of the day tomorrow it will be done the following day," explained Mark Friedlander, Industrial Assets attorney. Now, Industrial Assets says it will pay $20 million , with more money to provide an operating budget to keep the plant open for 45 days. Over those 45 days Appleton Coated will run with only 200 employees to fulfill current orders. The mill typically employs more than 600 people. Click Read More below for more of the story.
The United States International Trade Commission (USITC) today determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of certain uncoated groundwood paper from Canada that are allegedly subsidized and sold in the United States at less than fair value. Chairman Rhonda K. Schmidtlein, Vice Chairman David S. Johanson, and Commissioners Irving A. Williamson and Meredith M. Broadbent voted in the affirmative. As a result of the Commission’s affirmative determinations, the U.S. Department of Commerce will continue to conduct its antidumping and countervailing duty investigations on imports of this product from Canada, with its preliminary countervailing duty determination due on or about November 2, 2017, and its preliminary antidumping duty determination due on or about January 16, 2018. Click Read More below for additional detail.
A bi-partisan group of the House of Representatives on September 18 asked the International Trade Commission (ITC) to deny a petition filed by the North Pacific Paper Company (Norpac) that requests antidumping and/or countervailing duties of over 50 percent on newsprint imported from Canada. The bipartisan letter, led by Representatives Chuck Fleischmann (R-Chattanooga, TN) and Jamie Raskin (D-Rockville, MD), argued that a well-documented shift from printed newspapers to digital alternatives has caused a dramatic decline in newsprint consumption. And, that this trade dispute, brought on my one mill with 400 employees, could put at risk 175,000 jobs in the newspaper industry. Other representatives that signed the letter include House Republican Conference chair, Cathy McMoriss Rodgers (R-WA) and representatives Mike Rogers (R-AL), Diane Black (R-TN) and Ralph Norman (R-SC). Last week the Alliance Board of Directors sent its own letter to the ITC opposing the petition. The petition is also opposed by a broad coalition of U.S. and Canadian paper manufacturers, who understand that sharp price increases on customers could accelerate the decline in newsprint demand. The ITC is expected to make a preliminary determination on petition on September 22. If the Commission decides to move forward, the ITC and the Department of Commerce will conduct investigations and hearings that could lead to a final determination in late spring 2018.
Outdoor clothing retailer L.L. Bean has created an advertisement that is only visible when viewed… outside. Its ad featuring a new manifesto encouraging people to "Be an outsider" ran in The New York Times on Friday. When viewed in sunlight, the text is revealed, including the lines: "Just step outside your front door, and you've arrived. You can forget your age, your worries, even your bathing suit. Just don't forget to bring your friends." The ad, created with The VIA Agency, was produced using photochromic ink. "As part of L.L.Bean's 'Be an Outsider' campaign, The VIA Agency wrote a manifesto to serve as an invitation to all people to join L.L.Bean outside, because outside is where we all belong," a spokesperson for The VIA Agency told CNBC in an emailed statement. Click Read More below for more of the story.
Please be advised effective with shipments October 23rd, 2017, Domtar Lightweight Opaque Papers pricing will increase by $2.00/cwt. USD and $2.50/cwt. CDN.
•August uncoated free sheet (UFS) paper shipments increased year-over-year for the first time since August 2016. The August shipments of UFS also hit the highest monthly total since March 2016. Imports of UFS decreased by 28% year-over-year in July – the second consecutive decrease of 20% or more. Meanwhile, exports of UFS papers increased 30% year-over-year in July, which is the third consecutive increase of 20% or more. •August shipments of coated free sheet (CFS) papers declined. And while shipments of coated two-sides #1-#2 also decreased year-over-year in August, they still reached the highest monthly total thus far in 2017. U.S. imports of CFS papers decreased 13% year-over-year in July; it is the first year-over-year decline in 2017. Exports of CFS papers increased 11% year-over-year in July, the fifth increase in the past seven months. •Coated mechanical (CM) paper shipments declined year-over-year in August, but reach third highest level in 2017. Imports of CM increased in July, up 11% compared to July 2016, while exports of CM decreased 20% in July. •While shipments of uncoated mechanical (UM) papers declined year-over-year in August, the export data registered a year-over-year increase in July. Imports of UM decreased 3% year-over-year in July while exports of UM increased 10% year-over-year in July – the fourth year-over-year increase in the first seven months of 2017. Click Read More below for additional detail.
Total European shipments of graphic papers in July 2017 were up 1.1% vs. July 2016 and are down 0.6% year-to-date. Total European shipments of newsprint in July 2017 were down 3.3% vs. July 2016 and are down 3.9% year-to-date. Total European shipments of sc-magazine papers in July 2017 were up 0.9% vs. July 2016 and are up 2.0% year-to-date. Total European shipments of coated mecanical reels in July 2017 were up 5.0% vs. July 2016 and are down 1.1% year-to-date. Total European shipments of uncoated mecanical (improved & others) in July 2017 were up 5.8% vs. July 2016 and are up 1.9% year-to-date. Total European shipments of coated woodfree in July 2017 were up 1.9% vs. July 2016 and are up 1.5% year-to-date. Total European shipments of uncoated woodfree in July 2017 were up 0.9% vs. July 2016 and are down 0.5% year-to-date. Click Read More below for additional detail.
Charta Global, provider of office and graphical papers, food grade and packaging boards for North and South America and strategic partner to Asia Pulp & Paper, has announced its eco-friendly Foopak food and beverage packaging line offers products capable of biodegrading in a matter of 12 weeks. The Bio Natura Cup stock, providing the food and restaurant industries with a comprehensive family of sustainable packaging solutions, brings this sustainable option to an underserved part of the market. Foopak Bio Natura Cup stock is FDA-certified and meets the standards with the FTC’s Green Guides for biodegradability and compostability. Through testing by the Isega Institute, Charta Global has maintained scientific evidencethe stock can completely break down and return to nature by decomposing in a matter of 12 weeks. Additionally, the Bio Natura Cup stock can be safety composted in a facility or home compost pile. Click Read More below for more of the story.
Crude in New York fell 0.4 percent as traders cashed in after yesterday’s 3.1 percent surge. The oil market is nearing the end of the “lower for longer” era with a shortage likely in 2019, trading house Trafigura said Tuesday. Turkey can “close the valves” on oil shipments from Kurdistan, Turkish President Recep Tayyip Erdogan said after the Iraqi region held a vote on independence. Oil has gained more than 10 percent this month on forecasts for rising crude demand and as members of the Organization of Petroleum Exporting Countries maintain production cuts to drain a global glut. The market rebalancing has helped flip the futures curve into backwardation, a structure where immediate deliveries of oil are more expensive than longer-dated ones, signaling strong demand. Brent prices jumped to a two-year high on Monday before retreating Tuesday. “It’s pure profit taking,” Torbjorn Kjus, oil market analyst at DNB Bank ASA said by phone. “It’s very natural. The most natural thing would be if we lose some more during the day, but so far it’s holding up almost unexpectedly well after that very large rally yesterday.” Click Read More below for more of the story.
Evergreen Packaging® unveiled Sentinel™ Barrier Cupstock, a new retail packaging offering in the company’s Sentinel™ line of fiber-based products. Sentinel™ Barrier Cupstock is designed as a sustainable alternative to existing foil-lined paper cups and polypropylene cups. Potential end uses for Sentinel Barrier Cupstock include barrier cups to hold cereal, cookies, candy and other snacks. “As demand for sustainable packaging continues to rise, we’re committed to innovating our product lines to introduce new, cost-effective options to the food service and retail packaging industries,” said Chris Johns, Vice President of Paperboard Sales at Evergreen Packaging. “Our new Sentinel™ Barrier Cupstock leverages our deep barrier technology expertise to provide customers with a high performance, sustainable packaging option for the retail food cup market.” Click Read More below for additional detail.
Here’s a headline for you: Print is alive and well with consumers everywhere. I know it’s different than the headlines you’ve been seeing lately, but it happens to be a fact. True, the magazine media industry is in a transitional moment, but a few select stats can easily paint a picture that doesn’t reflect the state of our industry. At Hearst, we value our core print business, and readers do as well. The most recent report for the first half of 2017 shows that, for the industry as a whole, print circulation is consistent, and, at Hearst, it was even slightly up. What’s more, more than half of our portfolio has seen audience growth, which is especially impressive considering that many of our brands have increased the cost of their subscriptions. Magazines have successfully extended across digital platforms, and all expressions of our brands are consistent or improving in terms of audience numbers. For example, Good Housekeeping’s circulation is 4.3 million, where it has been for many years. At the same time, the brand has seen an increase in its overall audience, with robust traffic online and millions of social media followers across platforms. All boats are lifted. Print enhances digital and vice versa. Click Read More below for more of the story.
Below are some of the highlights from the 2016 Forestry and Forest Products Reports: All Forest Products Operations Summary Healthy Environment •Today’s JDI forestry and forest products operations will absorb more than we emit over the next 50 years. Planting almost 1 billion trees, and reducing emissions at our manufacturing sites means we will absorb 92 million tonnes of CO2 - equal to 360,000 cars off the road per year for the next 50 years. •58% green energy use from renewable fuels like biomass. •23% reduction in green house gas emissions over the past 3 years. •30% reduction in sulphur dioxide (SO²) air emissions over the past 3 years. •1,277 Conservation Sites, a 3.5% increase since 2015 as part of our voluntary Unique Areas program in Canada and the U.S. •55% waste to landfill was diverted for beneficial use. •Zero non-compliance issues following 3rd party forest certification audits in 2016, based on 145 indicators (environmental, social and economic) measured over 5 years. Click Read More below for additional detail.
Norske Skog is pleased to announce that secured bond holders holding 65 % of the aggregate principal amount of the secured notes due in 2019 (the "Secured AHC") have confirmed their support for the board's proposal launched on 18 September. Norske Skog is currently working to gain support from the other secured and unsecured bondholders. "We are very pleased to have obtained support from the majority of the secured bond holders, and we are currently in dialogue with the group's other secured and unsecured bond holders. The board's proposal is the best solution given the circumstances, and should provide a better return for stakeholder groups than the alternative. The alternative will trigger a complex insolvency process, which will result in Norske Skog being 100% owned by the secured bond holders." said Mr. Christen Sveaas, Chairman of Norske Skogindustrier ASA. Norske Skog will also enter into joint contingency planning with the Secured AHC to prepare for a potential insolvency process and share pledge enforcement on Norske Skog AS level if the board's proposal does not obtain sufficient levels of support from other creditors. Even without sufficient approval level, normal operations at all Norske Skog's mills will continue, and the value of Norske Skog and the interests of employees, customers, suppliers and local communities will be protected "The value of Norske Skog is the operating business units, which include seven profitable paper mills. These operations will continue as normal independent of the outcome of the recapitalization proposal. The secured bond holders are large professional investors with capital and ability to operate Norske Skog along with the employees," said Mr. Lars P. S. Sperre President and CEO of Norske Skog. Click Read More below for additional detail.
CO2 Solutions Inc. provided an update on progress at the Corporation's first commercial project with Fibrek General Partnership, a subsidiary of Resolute Forest Products Inc., and Serres Toundra Inc. The project entails the deployment of a 30-tonne per day (tpd) CO2 capture unit and ancillary equipment at a pulp mill in the Saint-Félicien region of Quebec (Canada) and the commercial reuse of the captured CO2 by the adjacent Serres Toundra greenhouse facility (the Project). The Project is following its course as planned. In the spring of 2017, the preliminary engineering was finalized. Since then, the detailed engineering has been largely realized and will be completed in October 2017. The Resolute Forest Product's Saint-Félicien pulp mill completed its planned annual shutdown for maintenance which allowed the CO2 Solutions' team to install the required connections from the Fibrek plant to route the flue gas to the future CO2 capture unit. This is an important milestone towards the completion of the unit which is expected to be commissioned in the fourth quarter of 2018. Click Read More below for additional detail.
Sealed Air Corporation announced price increases ranging from five to eight percent for the majority of its Food Care division’s North American products. The increases will be effective October 2, 2017. “Sealed Air has not had a price increase for Food Care products in North America since 2014, and we are working to minimize the cost adjustments and their impact on our customers,” said Karl R. Deily, President, Sealed Air Food Care; “However, notable increases in our input costs, including a 31% rise in the price of polyethylene since 2016, make changes to our prices necessary in order to continue to deliver the same level of value and innovation to our customers.” The price changes include a five percent increase on all shrink bags, rollstock products, food films and vertical pouch packaging, as well as a six percent increase on unpadded solid plastic trays and an eight percent increase on pre-padded solid plastic trays.
Shutterfly, Inc. announced an integration with the Apple Photos app for macOS High Sierra. The new Shutterfly extension for Photos allows users to create, customize and purchase Shutterfly photo books without leaving the application. Users can also begin creating a photo book within Photos and then complete it on Shutterfly.com. With this announcement, Shutterfly continues to expand the ability for customers to use photos from major third-party ecosystems to create high-quality, personalized products. Shutterfly is one of the first to participate in Apple's new project extension framework for the Photos app, first announced at the Apple Worldwide Developer Conference (WWDC) in June. Click Read More below for additional detail.
International Paper (NYSE: IP) today announced plans to invest approximately $300 million to convert its No. 15 paper machine at the Riverdale Mill in Selma, Ala. from uncoated freesheet to high quality whitetop linerboard and containerboard. The conversion is targeted to be completed by mid-year 2019. The investment will add 450,000 tons of annual capacity, with flexibility to shift between containerboard products. Converting Riverdale No. 15 will position International Paper to grow its Industrial Packaging business, continue to provide attractive jobs to Riverdale team members and remain a significant supplier of uncoated freesheet in North America. "Our customers expect us to support their growth and this machine conversion will meet their needs," said Tim Nicholls, IP's senior vice president, Industrial Packaging the Americas. "Our Industrial Packaging business continues to focus on our customers in strategic channels including our box business, domestic and export containerboard and specialty grades."Click Read More below for additional detail.
Please be advised that Resolute Forest Products will raise the price of its Uncoated Free Sheet Connect, Connect Envelope and Connect Tablet grades by US$2.00 cwt effective with shipments on or after November 1, 2017. This increase will apply to all basis weights, and includes all upcharges.
CBS News featured Onward Reserve, a valued Lett Direct client and The Dingley Press, a trusted partner in a segment that aired nationally this week. This informative story confirms the importance of catalogs as a major driver of traffic to the web. It’s very well done and we want to share this segment with you in case you missed it. Click Read More below for additional detail.
Phoenix Color, a wholly-owned subsidiary of ALJ Regional Holdings, announced that it has entered into an asset purchase agreement to acquire the assets of Moore-Langen Printing in Terre Haute, Ind., from LSC Communications. ALJ and Phoenix expect to finance the acquisition by amending ALJ's existing term loan with Cerberus Business Finance, selling an aggregate of $1.5 million of ALJ common stock in a private offering to two investors who are unaffiliated with ALJ, and using $1.0 million in proceeds received from the recent stock option exercise by Jess Ravich, executive chairman of ALJ. Click Read More below for additional detail.
Highlights - underlying earnings unless otherwise indicated(1)(2) •Profit after tax (PAT) of US$701.2 million up 9.6%(3) on a constant currency basis; •Earnings per share (EPS) of 60.6 US cents, up 10.1%(3) on a constant currency basis; •Strong returns, measured as profit before interest and tax to average funds employed of 20.4%; •Strong free cash flow of US$245.3 million(4); and •Annual dividend per share increased to 43.0 US cents. Click Read More below for additional detail.
National Average Price for Regular – Current: $2.589; Month Ago: $2.337; Year Ago: $2.215. National Average Price for Diesel – Current: $2.720; Month Ago: $2.527; Year Ago: $2.358.
American Dollar to Canadian Dollar = 0.815177 American Dollar to Chinese Yuan = 0.151780; American Dollar to Euro = 1.197371; American Dollar to Japanese Yen = 0.008930; American Dollar to Mexican Peso = 0.056213.
Oil has advanced this month on forecasts for rising crude demand and as U.S. Gulf Coast plants recover from Hurricane Harvey, which halted almost a quarter of the nation’s refining capacity. Nine months into the OPEC-led supply agreement, implementation of the pledged production cuts remains high. Nigeria, which is currently exempt from making cuts, reiterated that it would accept a cap once output stabilizes around 1.8 million barrels a day. “Today’s meeting of the Joint Ministerial Monitoring Committee is lending buoyancy,” Commerzbank said in a note. “Although no binding promises to extend or expand the agreement can be expected, Nigeria – which like Libya had not signed up to the production cuts – is at least showing a willingness to come on board.” Click Read More below for more of the story.
Forest Products Association of Canada (FPAC) today expressed its support for the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union for commencing its provisional application. This agreement will immediately result in the elimination of quotas and tariffs of up to 10% on Canadian exports of wood-based panels and other wood products to the European Union. “We welcome the provisional application of the agreement, as a start to freer trade within the area,” CEO of FPAC, Derek Nighbor. “The prosperity of the forest products industry relies on strong exports, which CETA will help support.” Last year the Canadian forest sector exported more than $1 billion of wood, pulp and paper products to the EU member states. This is 3% of total exports of Canadian forest products making Europe the 4th largest international market for the sector. The largest importers of Canadian forest products in Europe are the United Kingdom followed by Germany, Italy, the Netherlands and Belgium. Click Read More below for additional detail.
The first edition of Newsquest’s new weekly newspaper for Oldham, The Oldham Times, hit the streets today (Thursday, Sept 21). Copies have been selling so fast in newsagents across the town that many retailers have already sold out. Newsquest has therefore taken the unprecedented step to order an additional print run. The launch follows the closure of the daily Oldham Chronicle on the 31st August, which had been published in the town for 163 years. Click Read More below for more of the story.
U.S. advertising revenues in August took an expected hit -- down 7% for the month. That's due, in large part, to unfavorable comparisons to high TV media spending from the Summer Olympics in August 2016. Standard Media Index says overall TV advertising spending for the month was down 25%, with broadcast TV networks sinking 54% and local TV station national spot advertising down 35%. Click Read More below for more of the story.
Allen Press, Inc. is pleased to announce that Terry Leatherman has been promoted to Manager of Association Management Services. Leatherman joined Allen Press in February 2017 as an Association Manager. In his new role, Leatherman will oversee and expand the Allen Press Association Management division, which provides membership management, strategic consultation, database administration, customer service and annual meeting coordination to non-profit societies and associations. “Terry’s exemplary work with our clients and executive management experience make him a terrific fit for this position,” said Maria Preston-Cargill, Allen Press Senior Vice President of Sales and Marketing. “He’s a great asset to our organization and the clients we represent, and we are thrilled to have him leading our team going forward.” Click Read More below for additional detail.
Tetra Pak's Packaging Material Converting Factory in Denton is getting ready for new technology to support the growth of its business in the U.S. and Canada. The plant's expanded capabilities are made possible through a sizeable €30-million investment in factory upgrades, including a new state-of-the-art laminator, that will ensure the facility is well positioned to meet the evolving needs of the U.S. and Canadian markets with a wider range of packaging formats. "Tetra Pak is pleased to make these upgrades, which will position our Denton factory as one of the most advanced in our global operations," said Carmen Becker, president and CEO of Tetra Pak U.S. and Canada. "This new technology will allow us to produce an expanded portfolio of packages out of this facility and better serve our customers." With this investment, Tetra Pak will be able to move some production from Mexico to Denton and offer noteworthy benefits to Tetra Pak customers, including improved service, reduced lead times and other logistical efficiencies. Click Read More below for additional detail.
With a 52% decline in its children’s book publishing and distribution group, total revenue fell 33% at Scholastic in the quarter ended August 31, compared to the same period a year ago. Sales in the first quarter of fiscal 2018 were $189.2 million, down from $282.7 million in the first period of fiscal 2017. The decline was due to a lack of a blockbuster title that could compare to sales of Harry Potter and the Cursed Child, which was released during the first quarter of last year. Sales in Scholastic’s trade unit plunged 60% in the quarter, falling to $46.7 million from $116.9 million. While Scholastic CEO Dick Robinson pointed to a number of bestselling new titles in this quarter, including Dav Pilkey's Dog Man: A Tale of Two Kitties, revenue from those books was not nearly enough to offset the revenue derived from Cursed Child last year. Click Read More below for more of the story.
Sappi North America, a leading producer and supplier of diversified paper and packaging products, today received an award for its investment in the state of Minnesota from the Minnesota Office of Foreign Direct Investment, under the Minnesota Department of Employment and Economic Development (DEED). The award highlights the company’s contributions to the economic vitality of local communities, and its commitment to keeping Minnesota a world-leading business destination. “We are honored and delighted to receive this award from the Governor’s office for our contributions to the great state of Minnesota,” said Mark Gardner, president and CEO of Sappi North America. “Through the investments made under Sappi’s 2020Vision strategy, we’re ensuring that our Cloquet facility will continue to operate at this high standard for many years to come.” Click Read More below for additional detail.
Transcontinental Inc.'s Media Sector, TC Media, announced the sale of its Saint-Jérôme-based weekly Journal Le Nord, as well as its related web property, to Journal Le Nord inc., a company led by Ms. Josée Pilotte, also publisher and owner of the Accès, LE journal des Pays-d'en-Haut newspaper. The 8 employees of this newspaper are transferred to the acquirer, along with 2 employees from TC Media's Production team. The Corporation would like to thank them for their professionalism and wishes them the best for the future. Furthermore, TC Transcontinental also concluded a multi-year printing and distribution agreement with the acquirer.
Rayonier Advanced Materials Inc. and Tembec Inc. announced that, as a result of legislation that went into effect today, approval of the acquisition by Rayonier Advanced Materials of all of the outstanding shares of Tembec under the Investment Canada Act is no longer required as a closing condition of the Transaction. This new legislation, entitled the Canada-European Union Comprehensive Economic and Trade Agreement Implementation Act, provides for, among other things, the increase of the threshold for governmental approval of an acquisition of a Canadian business by certain non-Canadian investors (including investors from the United States, such as Rayonier Advanced Materials) from an enterprise value of the Canadian business of CDN$1 billion, to CDN$1.5 billion. As such, the Transaction falls below the new threshold. Subject to obtaining other necessary and customary governmental approvals relating to certain forestry and energy-related agreements, as well as the satisfaction or waiver of the conditions to the Transaction, it is expected that the Transaction will be completed in the second half of the fourth quarter of 2017.
The Dutch Beers and Collectors Association (BAV) has awarded the Dutch beer brewer HOOP Bier as the winner of the best and the most beautiful beer label 2017 at the Dutch BAV beer label competition. The competition is open for all beer brewers from the Netherlands. During the BAV Autumn Fair in September 16, an expert jury chose the Old Ale's label "Oudt Heyn and syn wyf" by HOOP Bier as the winner. The main contributors for the win were the design, appearance and the label mentioning recommendations for preferred food to partner the beer. The concept and design of HOOP Bier was made by PROUDdesign, an agency specialized in packaging and brand-design. Click Read More below for additional detail.
UPM Raflatac is extending its range of film face materials for the European market with a new plant-based material that provides a sustainable alternative to fossil-based films for a wide variety of end uses. RafBio PE 85 performs just like standard PE film, and its excellent flexibility makes it ideal for the squeezable bottles and contoured containers that are widely used in home and personal care applications. Part of the RafBio family of bio-based labeling solutions, RafBio PE 85 is the ideal choice for customers who are looking for a sustainable film face material that will reduce greenhouse gas emissions during its life cycle, compared to conventional PE, while still keeping products looking their very best. Made from sugarcane ethanol, the film contains more than 80% renewable plant-based raw material and is recyclable within the same recycling streams as fossil-based PE. Click Read More below for additional detail.
Verso Corporation announced that its board of directors, as part of its ongoing efforts to maximize stockholder value, has formed a Strategic Alternatives Committee comprised of independent directors Eugene I. Davis, Alan J. Carr and Steven D. Scheiwe, with Mr. Davis serving as chairperson. The committee, with the assistance of Houlihan Lokey Capital, Inc., the company's financial advisor, will lead Verso's continuing efforts to identify and evaluate a range of potential strategic transaction alternatives, including the possible sale of some Verso mills, engage in discussions and oversee the due diligence process with parties potentially interested in transactions with the company, and recommend to the board whether any proposed transaction is in the best interests of the company and its stockholders. "Verso is committed to exploring strategic transaction alternatives, and the committee will facilitate this process," said Verso Chairman of the Board Rob Amen. "The committee is charged with proceeding expeditiously, but will evaluate alternatives carefully for their ability to provide superior value to Verso's stockholders." Click Read More below for additional detail.
Barnes & Noble, Inc. announced a $1 million book donation to First Book for areas affected by hurricanes Harvey and Irma. The donation features thousands of children’s books for a variety of ages including chapter books, board books, picture books, and coloring books, and will be delivered by First Book to schools and local charities in both Texas and Florida. The donation underscores Barnes & Noble’s support of First Book, a nonprofit social enterprise that has distributed more than 170 million books and resources to kids in need – including a focused effort providing books to children affected by natural disasters. Click Read More below for additional detail.
Quad/Graphics, Inc. announced that it has extended and expanded its relationship with Bluestem Brands, Inc., a multi-brand online retailer, under a newly signed multi-year contract valued at more than $450 million over the term. Beginning January 1, 2018, Quad/Graphics will supply paper purchasing, printing and mail/distribution services for all 13 of Bluestem Brands online retail brands. Currently, Quad/Graphics prints catalogs and provides premedia services, including prepress, digital photography and video production, for the online retailer’s Fingerhut and Gettington brands. Soon, Quad/Graphics will begin printing catalogs for 11 additional brands, all of which are under Bluestem’s Orchard portfolio. Click Read More below for additional detail.
On September 19, 2017, the Receiver of Appleton Coated LLC conducted a going concern auction of the Company’s assets. The auction was the culmination of a comprehensive marketing effort to find a buyer. As part of the sale and marketing process, the Receiver requested that all potential buyers agree to hire substantially all of Appleton Coated’s employees as part of any purchase agreement. Unfortunately, none of the qualified bidders that attended the auction were in a position to agree to that request. The Receiver will ask the Court overseeing the receivership proceeding to approve the highest and best offer he received for the Company’s assets on Friday, September 22, 2017 in Outagamie County Circuit Court. Due to the auction results, the Receiver must immediately wind down the Company’s business operations beginning Wednesday September 20th and lay off substantially all of the employees of Appleton Coated. A limited number of employees will remain to ensure that the Company’s assets are properly maintained for the new owner until the proposed closing of the sale on September 29, 2017. Orders for stock product will continue to be accepted. Manufacturing orders that have been produced but not yet shipped, will be shipped. Manufacturing orders that have been accepted, but not yet produced, will be reviewed with new ownership to determine whether they will be produced and shipped. New manufacturing orders will not be accepted at this time.
November futures dropped 0.5 percent in New York after climbing 1.6 percent Wednesday. Gasoline supplies dropped a third week to the lowest level since November 2015, while distillate stockpiles fell by the biggest amount since 2011, according to government data. Crude inventories expanded by 4.59 million barrels last week, more than the 3.9 million-barrel gain projected in a Bloomberg survey. U.S. oil production also rose a second week. “The market focused on the sharp recovery in crude demand implied” by the decline in fuel inventories on Wednesday, said Jens Naervig Pedersen, a senior analyst at Danske Bank A/S in Copenhagen. “It adds to the bullish sentiment buoyed by concerns about the Iran nuclear deal and headlines about OPEC looking at a possible extension of output cuts.” U.S. gasoline stockpiles fell by 2.13 million barrels last week to 216.2 million, the Energy Information Administration reported Wednesday. Distillate inventories, a category that includes diesel, dropped by 5.69 million barrels. Crude output expanded by 157,000 barrels a day to 9.51 million a day. Click Read More below for more of the story.
Mondi Neusiedler recently completed the certification process for food safety management and has been awarded the EN 15593 certification by the renowned Swiss certifier SQS (Swiss Association for Quality and Management Systems). Food companies are using the speciality papers and professional printing papers produced at Mondi Neusiedler for their food packaging to combine the excellent print quality, an exceptional environmental profile and highest hygiene standards. The papers are for example converted into bread sleeves, bags, liners, folding boxes or secondary packaging. “For such converting purposes optimal technical paper grades are required and customers can rely on our knowledge and paper qualities,” explains Johannes Klumpp, Marketing & Sales Director Mondi Uncoated Fine Paper. “Our customers are searching for a reliable partner and peace of mind when buying speciality papers for their food contact applications”, says Klumpp. “The certification fulfils exactly this need to ensure consumer safety as it independently proves Mondi Neusiedler complies with international standards in hygiene management. A quality our customers and end consumers can rely on every day”, he clarifies. Click Read More below for additional detail.
Quad/Graphics, Inc. announced its participation at the retail industry’s foremost digital marketing conference, Shop.org, which will be held at the Los Angeles Convention Center on September, 25-27, 2017. The $4 billion company helps brand owners in a variety of industries, including retail, publishing and healthcare, market their products, services and content more efficiently and effectively. To do this, Quad/Graphics leverages its strong print foundation in combination with its deep expertise in workflow re-engineering and optimization, content management and personalized, multi-channel marketing. Quad/Graphics, in partnership with award-winning digital marketing agency Rise Interactive, uses consumer behavioral data to create personalized, multi-channel strategies that drive a greater return on marketing investment. This partnership is one example of the strategic alignments Quad/Graphics seeks to evolve its offerings and drive continued value across its customer base. Click Read More below for additional detail.
FedEx Express, FedEx Ground and FedEx Freight, subsidiaries of FedEx Corp., will increase shipping rates effective Jan. 1, 2018 by an average of 4.9 percent. Potentially one of the most impactful changes comes with the announcement that FedEx will begin applying a dimensional weight (DIM) factor of 139 to all SmartPost packages. This change will become effective on Jan. 22, 2018. The change will align SmartPost dimensional weight pricing with that of FedEx Express and FedEx Ground. It also more closely aligns FedEx SmartPost dimensional weight pricing with that of UPS SurePost, although UPS still has a higher DIM factor for packages measuring less than one cubic foot. (As of this writing, UPS hasn't announced its 2018 rate changes.) Click Read More below for more of the story.
UPM Raflatac's experts welcome visitors to Labelexpo Europe on 25-28 September in Brussels. Under the theme 'Labeling a smarter future', we will be highlighting our innovative and sustainable label solutions together with the world-class service. RAFNXT+ product range marks the launch of a unique forest positive approach for sustainable labeling. Together with optimized raw material efficiencies, RAFNXT+ creates labeling solutions that delivers sustainability credentials that go way beyond the industry standard. Click Read More below for additional detail.
While the rise of digital has led many publishers to reduce their print offering, Dennis Publishing has continued to invest. Kerin O’Connor, chief executive of The Week at Dennis, explains how it’s found success with a print version of The Week for children – and what it can teach the industry about the future of print… Jon Watkins spoke to him ahead of the 41st FIPP World Congress, taking place from 9-11 October where Kerin will be among 100 speakers from around the world sharing insights on a variety of industry and related topics. Join the conversation at the Congress. Tell us about the drivers behind the launch of The Week Junior – how much of it was that you’d seen an opportunity in the market and how much was it driven by the desire to help kids engage with issues? So, the best place to start was by looking at the success we’d had with The Week. One of the things that we’ve done, particularly over the last 10 years, was to build a suite of products that are designed to help people in their lives by providing expert opinion. Through those, there are four things that we do. We inform, we advise, we indulge, and we distil content. Our audiences are clever people who appreciate expert opinion that allows them to make up their own minds. Click Read More below for more of the story.
• Adobe achieved record quarterly revenue of $1.84 billion in its third quarter of fiscal year 2017, which represents 26 percent year-over-year revenue growth. • Diluted earnings per share was $0.84 on a GAAP-basis, and $1.10 on a non-GAAP basis. • Digital Media segment revenue was $1.27 billion, with Creative revenue growing to $1.06 billion. • Digital Media Annualized Recurring Revenue (“ARR”) grew to $4.87 billion exiting the quarter, a quarter-over-quarter increase of $308 million. • Adobe Experience Cloud achieved revenue of $508 million, which represents 26 percent year-over-year growth. • Operating income grew 48 percent and net income grew 55 percent year-over-year on a GAAP-basis; operating income grew 43 percent and net income grew 46 percent year-over-year on a non-GAAP basis. • Cash flow from operations was $704 million, and deferred revenue grew to approximately $2.20 billion. • The company repurchased approximately 2.1 million shares during the quarter, returning $298 million of cash to stockholders. Click Read More below for additional detail.
Containerboard production was 2.0 percent higher compared to August 2016. The month-over-month average daily production compared to July 2017 was 1.0 percent lower. The containerboard operating rate for August decreased from 97.9 percent to 96.9 percent, which was 0.8 percentage points higher compared to August of last year. Year-to-date production of containerboard for export is up 4.4 percent.
Total Packaging Papers shipments were 235,900 tons, 1.7 percent lower than August 2016. Bag & Sack shipments were up 5.5 percent year-to-date, while Food Wrapping shipments were down 8.5 percent over the same period. The operating rate for August 2017 was 90.3 percent, while the year-to-date rate was 88.8 percent. Inventories were 168,600 tons, down slightly since July.
Total boxboard production increased 2.9 percent when compared to August 2016, and increased 0.7 percent from last month. Unbleached Kraft Boxboard production increased over the same month as last year and increased compared to last month. Total Solid Bleached Boxboard & Liner production increased when compared to August 2016, but decreased compared to last month. The production of Recycled Boxboard decreased compared to August 2016, but increased when compared to last month.
Futures climbed as much as 1.3 percent in New York after declining 0.9 percent Tuesday. Inventories expanded by 1.44 million barrels last week, the American Petroleum Institute was said to report. That’s less than half the projected 3.9 million-barrel increase the government is forecast to report Wednesday. Some U.S. refiners are delaying maintenance to take advantage of strong margins. While oil has rebounded the past two weeks, crude in the U.S. has struggled to hold above $50 a barrel as prices beyond that level make some shale profitable and boost supply. At the same time, the Organization of Petroleum Exporting Countries and its allies are said to be discussing extending by more than three months the output cuts that expire in March. Iraq, the group’s second-biggest producer, has said production should be reduced by an additional 1 percent to help rebalance the market. Click Read More below for additional detail.
A new generation of lightweight SuperEnd® beverage ends from CROWN Asia Pacific, a division of Crown Holdings, Inc., reduce metal use by over 10% when compared to conventional 202 diameter (52mm) ends. The Interchangeable SuperEnd® beverage end is compatible with seamer tooling used with other lightweight ends on the market. The lightweight nature of the ends means less aluminum is required for the manufacturing process, decreasing the amount of energy required during distribution. In addition, like all metal packaging, the ends are 100% recyclable and infinitely recyclable, making aluminum a permanent resource that underpins the circular economy, where materials can be used again and again with no loss in quality or physical properties. Click Read More below for additional detail.
Consumers want to purchase products that are healthy and taste good with the added advantage of being eco-friendly — from the ingredients to the packaging. More and more Grocery Shoppers are being more thoughtful about the products they buy and the type of packaging these products come in. The insights below identify some actions consumers are taking to lead a more sustainable lifestyle. see the infographic at: http://evergreenpackaging.com/wp-content/uploads/EP-SmartBrief-Ad-3_FINAL9.19.17.pdf
FedEx Corp. today reported earnings of $2.19 per diluted share ($2.51 per diluted share on an adjusted basis) for the first quarter ended August 31, compared to earnings of $2.65 per diluted share ($2.82 per diluted share on an adjusted basis) a year ago. Both as-reported and adjusted earnings reflect the estimated negative impact of the June 27 cyberattack affecting TNT Express ($0.79 per diluted share) and Hurricane Harvey ($0.02 per diluted share). “The first quarter posed significant operational challenges due to the TNT Express cyberattack and Hurricane Harvey, and I want to thank our team members for their extraordinary dedication and performance,” said Frederick W. Smith, FedEx Corp. chairman and chief executive officer. “We are confident of our prospects for long-term profitable growth, and we reaffirm our commitment to improve operating income at the FedEx Express segment by $1.2 billion to $1.5 billion in fiscal 2020 versus fiscal 2017.” Click Read More below for additional detail.
No such thing as too much good news… Right? Congratulations to our New York office for their double win at the Min - Magazine Awards last week. The National for Amtrak won “Launch of the year” and Rhapsody for United won "Cover of the Year" for a beautiful shoot with Oscar winner Eddie Redmayne by Jason Bell. Magazine Launch for the National Cover Design Portfolio - for Rhapsody Also in the pipeline are the upcoming Eddie and Ozzie in October where we have a phenomenal and unprecedented 11 nominations. Is it the taking part right? Congratulations to the Oryx, American Way, Hemispheres, The National and Mabuhay teams and to Kerstin Zumstein and Jamie Trendall for their personal nominations for editor and designer of the year respectively. The Awards ceremony will be held in New York in mid-October and we have our fingers crossed in anticipation. Click Read More below for more of the story.
Wenner Media is selling Rolling Stone, its last magazine brand, just shy of its 50th anniversary. The publisher sold its other two magazines, Us Weekly and Men’s Journal, to American Media Inc. earlier this year. It continues to publish Glixel, its video-games site launched last November. “I love my job, I enjoy it, I’ve enjoyed it for a long time,” founder Jann Wenner, 71, told The New York Times, which broke the story. Wenner added that letting go of the title is “just the smart thing to do.” “Publishing is a completely different industry than what it was,” he told the NYT. “The trends go in one direction, and we are very aware of that.” Once known as the counterculture music, pop-culture and entertainment magazine founded by Wenner in 1967, the publication has recently been caught in controversy. That includes a huge blow to its reputation when it retracted a discredited 2014 article about a rape at the University of Virginia. Rolling Stone was hit with three libel lawsuits as a result, and has had to pay $3 million in damages. Click Read More below for more of the story.
Allen Press, Inc. is the recipient of seven awards from Printing Impressions’ 2017 Gold Ink Awards. Printing Impressions announced the winners in Philadelphia, Pa. on September 6. The Gold Ink Awards is the industry’s most prestigious print competition with thousands of entries submitted each year from printers around the nation. Top printers submit categorical representations of their best work, which is then evaluated by a panel of expert judges. Allen Press’ submissions received two gold winners, two silver winners, one bronze winner and two pewter winners. As further recognition of its continuing commitment to serve the scholarly market, Allen Press swept the Scientific and Technical Journal category – winning awards in gold, silver, bronze and pewter. Proving regardless of size its capabilities, expertise and determination in that arena are second to none. Not only did the Allen Press winning entries surpass competitors based on print and finishing quality, technical difficulty and overall visual effect, the work also showed what is possible for other creatives in the printing industry. Click Read More below for additional detail.
The next phase of growth for digital color printing will be using inkjet to print offset-quality images on coated stocks, at reasonable costs. The target applications are direct mail, catalogs, collateral and magazines. Digital color pages continue to grow nicely: up 15% in North America in 2016. Looking at the growth in more detail, one can readily see that the page volume growth is being driven by high-speed, continuous-feed color inkjet. Pages produced on webfed presses have been increasing at ~20% per year in recent years, double the rate of growth of cut-sheet pages, resulting in half of the total volume being inkjet output. So what’s being printed on these production inkjet web presses? The common denominator is documents on uncoated stock and that don’t require high-quality images: transactional documents, direct mail letters and books. The economics of transactional printing and direct mail letter printing now favor white paper feeding a full-color inkjet web press versus preprinted forms with mono laser overprinting. And, for books, the focus is shifting from the print cost per book to the cost of books sold. Click Read More below for more of the story.
Smurfit Kappa, which celebrates 40 years of producing Bag-in-Box® packaging solutions, has experienced remarkable growth in Europe and particularly France where sales have tripled in the last 10 years. The rise in Bag-in-Box® wine sales reflects changes in consumer behaviour and social trends. The longer shelf life, ease of use and reduction in wastage has made it more attractive both to consumers and retailers. In addition to France, Smurfit Kappa Bag-in-Box® sales have also risen across the business, particularly in Argentina, Denmark, Norway, Russia, Sweden and the US. Launched in Epernay, France in 1977, the revolutionary Smurfit Kappa Bag-in-Box® packaging has continuously evolved over the years with the addition of innovative solutions including the Vitop® tap, high-specification filling machine systems and Pouch-Up® packs. Click Read More below for additional detail.
At this year's Pack Expo in Las Vegas, Nevada, UPM Raflatac is thinking outside the package through innovative technologies designed to educate brand owners on industry-leading packaging decoration methods that can elevate their brands. When paired with the right package, high quality label materials help brands stand out on the shelf and grab consumer attention - and UPM Raflatac's paper and film products for craft beer, food and beverage to home and personal care containers outshine the rest. Show attendees are invited to visit UPM Raflatac at booth 6363 in the Lower South Hall of the Containers and Materials Pavilion see their paper and film materials and sustainable packaging solutions in action! Click Read More below for additional detail.
The alternative to the company's proposal will likely lead to bankruptcy at the parent company Norske Skogindustier ASA but Norske Skog AS and the mills will continue operations as normal under new ownership. Norske Skog group has launched a new recapitalisiation proposal. According to the parent company Norske Skogindustrier ASA, this proposal provides a final opportunity to reach a consensual solution among all bondholders and shareholders. Among the the key terms of the proposed recapitalisation transaction is the conversion into equity of all outstanding, secured and unsecured bond debt, resulting in secured note holders acquiring 94% equity ownership in Norske Skogindustrier ASA. Click Read More below for more of the story.
Printing companies, paper distributors, packaging converters, marketers and graphic designers across the U.S. and Canada now have immediate access to the newest expansion of cast-coated Kromekote, the world’s most elegant printing and label papers from CTI Paper USA. A new swatchbook and print demonstration is available. Highlights: New embossed, pearlescent Kromekote Jade Text and Cover line for dry toner/laser and offset printing. New for HP Indigo: thick and luxurious 14- and 18-point ultra bright-white board, following growing demand for heavyweights. New 18-point ultra bright-white board also for dry toner/laser and offset printing. Newly issued swatchbook presents the extensive product line—new print demo features the iconic embossed Kromekote Apple on a gold foil-stamped cover. Click Read More below for additional detail.
Effective with orders shipping on or after November 1, 2017, Evergreen Packaging is increasing the transaction prices for all grades by $2.00 cwt. This increase applies to all products including, but not limited to the following brands: Rapier; RapierW; Seasons Colors; SunKraft Brown; Natural Kraft; White Foldur Kraft; Gray Kraft; Buff Kraft; Skyland Offset; Skyland Reply Card; Drawing Paper; Multipupose; Conical Cup; Stick Paper; Office Stock / File Folder. All standard upcharges will continue to apply.
Two Sides research into more than 600 of the world’s leading corporations, including banks, utilities, telecoms and insurance providers, has shown that a total of 460 of those companies have been using misleading and unsubstantiated environmental statements, despite specific advertising legislation to protect consumers in many countries. To date, 278 of those companies have removed such statements as a result of ongoing engagement by Two Sides. “We’re really pleased that Two Sides is having such a significant effect on some of the world’s largest and most influential organizations. But there is no room for complacency, and there is still a great deal of work to do with the remaining companies that continue to mislead their customers,” says Martyn Eustace, Chairman of Two Sides UK. Internationally, Two Sides teams are continuing to tackle greenwash in their respective countries, and this has yielded positive results. Click Read More below for additional detail.
Avery Dennison Corporation (NYSE:AVY) today reported advancements against its 2025 sustainability goals intended to transform the company and the industries it serves. The 2014-2016 sustainability report, All of Us, Every Day, highlights how the company is leveraging its size and scale to drive change across its operations, industry, and communities. Key achievements include: A reduction of location-based absolute CO2 emissions of 3.2% in 2016 and market-based absolute emissions (includes renewable energy instruments) by nearly 12%. 78% of total volume of paper procured in 2016 held either an FSC or PEFC claim. A 2016 world class safety record, with a recordable incident rate (RIR) of 0.25. Click Read More below for additional detail.
Expera Specialty Solutions is proud to be exhibiting at PackExpo 2017, highlighting a diverse portfolio of specialty paper products that span a variety of end-use applications. From highly technical applications, to offering multiple sustainable packaging solutions, Expera creates custom specialty paper products for each of their customers. Expera is launching its new brand of medical papers known as Health-Gard™. Health-Gard™ medical papers provide sterilizable packaging solutions that meet market requirements for cytotoxicity and microbial barrier. These coating base papers, available in multiple basis weights, are ideal for form-fill-seal and pouch applications where a fiber-free peel is critical. Other Health-Gard™ applications include papers for medical lidding stock and lamination, and medical garments and drapes. Click Read More below for additional detail.
Stora Enso has completed the divestment announced on 26 July 2017 of its 35% holding in the equity accounted investment Bulleh Shah Packaging (Private) Ltd. in Pakistan to the main owner Packages Ltd. The total cash consideration for the divestment of the shares is EUR 6 million. The loss on disposal amounts in total to approximately EUR 19 million and it will be recorded as an item affecting comparability in Stora Enso’s third quarter 2017 results. With this transaction, Packages Ltd. achieves full ownership of Bulleh Shah Packaging.
Both ClingZ® and Ztac™ offer an end user the unique ability to provide window and wall solutions that are easy to apply and remove, without leaving any residue. ClingZ® is an adhesive free, electrically charged polypropylene film that clings to almost any surface. Ztac™ is a PVC-free polyester that is eco-friendly and recyclable. No window media is easier to install and is bubble-free, repositionable and residue-free. Midland is now stocking the following products: •ClingZ® Standard for Offset •ClingZ® Versaliner for Offset •ClingZ® for HP Indigo •ClingZ® for UV Inkjet •Ztac™ for Offset •Ztac™ for HP Indigo. Click Read More below for additional detail.
The issue, which goes on sale today coincides with the start of London Fashion Week, will feature three different covers featuring 19-year-old trailblazing hijab-wearing model Halima Aden, 73-year-old American model and actress, Lauren Hutton and 30-year-old supermodel Hilary Rhoda. Readers can also look forward to exclusive interviews with the three cover stars, a review of the hottest trends coming out of New York fashion Week and an exclusive chat with designer to the stars Roland Mouret, as well as all of Grazia’s regular news and views. The 252 page perfect-bound glossy magazine has attracted new advertisers including online fashion brand Three Floor and Calvin Klein Watches. Click Read More below for more of the story.
West Texas Intermediate futures added 0.4 percent. Iraqi Oil Minister Jabbar al-Luaibi said there’s support in the Organization of Petroleum Exporting Countries to deepen output curbs by about 1 percent. Still, Iraq has failed to deliver the supply cuts it committed to under the current agreement. U.S. refiners are delaying scheduled maintenance as they resume operations after Hurricane Harvey, supporting demand for crude. Iraq’s suggestion “has a minor influence on prices -- if it would have come from Saudi Arabia, it would probably have had a bigger impact,” said Giovanni Staunovo, an analyst at UBS Group AG in Zurich. Click Read More below for more of the story.
As petrochemical companies and raw material suppliers regain their footing, they are beginning to gain clarity about the impact of hurricanes Harvey and Irma on the printing industry supply chain, though there are still many unknowns. According to Flint Group, who has been in continual conversation with affected suppliers, Gulf-area and Southeastern US suppliers are in a variety of recovery stages. Some are still assessing the damage and impact to their businesses. Others have begun to restart operations but at reduced capacity, causing a supply and demand imbalance. Many have made public announcements about continued forces majeures and supply allocations. Some transportation companies are imposing fuel surcharges due to very limited availability of carriers. Suppliers tell Flint Group they will be able to offer more tangible information about the impact of the storms once conditions stabilize further. Click Read More below for additional detail.
Think like an advertiser… Be an advertiser… Do you believe in advertising? Are you prepared to put your money where your mouth is? Well here at Ink, that is exactly what we have done. After extensive research and market testing, we recently launched our very own “WOW” advertising campaign. Why WOW you may be thinking…? Well it’s the exact response that we are getting time and time again, when we tell successful advertisers our new stripped back facts from the passenger data, and inflight magazine readership profiles. I can tell you one thing – there is a lot of money out there waiting to be harvested! If I said that easyJet Traveller magazine readers will spend nearly £12 billion on cosmetics in the next 12 months – WOW! Or those same 48 million easyJet passengers will spend £28.3 billion in multiple hotels trips each year – WOW - That's a lot of bed nights and money going around for the smart hotel company with the best brand recognition and client recall… Click Read More below for additional detail.
Rite Aid Corporation announced that it has secured regulatory clearance for an amended and restated asset purchase agreement with Walgreens Boots Alliance, Inc. whereby WBA will purchase 1,932 stores, three distribution centers and related inventory from Rite Aid for an all-cash purchase price of $4.375 billion on a cash-free, debt-free basis. Rite Aid also has the option to purchase generic drugs that are sourced through an affiliate of WBA at a cost substantially equivalent to Walgreens for a period of 10 years. The Hart-Scott-Rodino waiting period expired for the proposed transaction. Under the amended and restated agreement, Rite Aid will retain approximately 250 additional stores as compared to the prior agreement announced between Rite Aid and WBA in June 2017, resulting in a reduction in the transaction sale price. The decision to retain these stores follows discussions between Rite Aid and WBA, as well as the U.S. Federal Trade Commission ("FTC"). Click Read More below for additional detail.
According to Paper + Packaging Board in their Farm to Box to Table initiative, corrugated has numerous benefits when it comes to transporting food from farm to store, including: •Corrugated Helps us be Efficient: Corrugated is sustainable, recyclable, renewable and efficient – helping save space. •Corrugated Keeps our Food Fresh: Growers choose corrugated because it’s renewable and helps food stay fresher, cleaner and better protected. •Corrugated Is Preferred for Food Transportation: Nearly half of all corrugated boxes made in the U.S. each year are used to transport food from farm to store. Click Read More below for more of the story.
Please be advised that effective with shipments on or after October 16, 2017, Twin Rivers Paper Company will be implementing a US $2.00/cwt price increase on all Publishing grades.
Please be advised with orders shipping on October 9, 2017 Suzano Pulp and Paper will raise prices by 4-6% on the following products: Suzano® Branded and Private Label Office Papers; Prisma Bright® Offset Rolls. All standard up-charges and terms of sale remain in effect until further notice.
As part of its ongoing commitment to return value to shareholders, L Brands, Inc. announced that its Board of Directors has authorized a new $250 million share repurchase program, which includes $10.3 million remaining under its previous $250 million share repurchase program.
During the night between September 5th and 6th, there was a fire in one of the buildings at BillerudKorsnäs’ production unit in Karlsborg. The production was stopped as a consequence of the fire but is now back to full speed after a successful work to make the unit ready for production. BillerudKorsnäs estimates that the impact from the fire on Q3 results will be approximately SEK 35 million. "Our teams and suppliers have made good efforts to overcome the consequences of the fire and we are glad that we can inform our customers of this quick start-up", says Per Lindberg, President and CEO of BillerudKorsnäs. The production unit in Karlsborg manufactures sack and kraft paper as well as market pulp for the Packaging Paper business area and has a production capacity of approximately 300,000 tonnes per year.
“The U.S. oil rig count, a key indicator for trader sentiment, exhibited a rather large weekly decline,” said analysts at consultants JBC Energy GmbH in Vienna. “At least in the short term, this dynamic should help protect the downside to crude prices. The more pressing question may be how much higher prices can climb before the gravitational forces of global supply and demand can start to form an upper limit.” West Texas Intermediate for October delivery rose as much as 44 cents, or 0.9 percent, to $50.33 a barrel on the New York Mercantile Exchange, and traded for $49.91 at 10:43 a.m. London time. On Sept. 14, it reached $50.50, the highest since May 25. Total volume traded was about 26 percent below the 100-day average. Click Read More below for additional detail.
The Forest Products Association of Canada (FPAC) fully supports the Forest Bioeconomy Framework launched today by Natural Resources Minister Jim Carr and the Canadian Council of Forest Ministers (CCFM). “The Forest Bioeconomy Framework builds on our sector’s world-leading sustainability practices and our focus on finding environmental and economic value for every part of the tree. It will help position Canada’s forest sector as a solutions provider in our move to a lower-carbon economy,” said FPAC CEO Derek Nighbor. “This framework is a significant move forward to position forestry as a key player in the bioeconomy, will support the creation of new jobs and help us meet Canada’s climate change commitments,” Nighbor added. The Forest Bioeconomy Framework establishes a path that will result in a forest bioeconomy that identifies sustainable bio-based materials from healthy forests available for high added-value manufacturing. The framework highlights innovation, collaboration, and investment and opens the door to further enhancing the sustainability of the forest sector through research, innovation and strong public policy. Click Read More below for more of the story.
Operating profit for January–June 2017 was SEK 1 152 million (January–June 2016: SEK 1 063 million, excluding items affecting comparability). The improvement in earnings was due to higher wood product prices, better earnings from forests and the divestiture of the newsprint mill in Madrid. Compared with the first quarter, operating profit decreased by SEK 102 million to SEK 525 million as a result of a maintenance shutdown within paperboard and seasonally lower hydro power production. Profit after tax for January–June amounted to SEK 880 million (587), which corresponds to earnings per share of SEK 10.5 (7.0). Return on capital employed increased to 9.4 (8.4) per cent. Production of paperboard, paper and wood products has been established at a higher level than previous years and the sales mix has developed well. Cash flow was strong and largely covered the SEK 1 billion dividend that was paid in April.
On November 29, the Pulp & Paper International Awards is held in Brussels. Hallsta paper mill is one of the finalists in the category “Environmental Leadership Award”, a prize awarded to a mill which has full focus on the environmental work and has shown ground-breaking sustainability efforts. We work hard with sustainability issues and we are today one of the most resource-efficient mills in our segment in Europe. Over the last three years we have invested over 20 MEUR in energy saving activities and projects. One hundred percent of the wood raw material is utilized, ninety-five percent of the fibres are used in the end product, the bark previously used as fuel at the mill is now sold for fossil-free energy production and the sludge from the effluent treatment plant is composted and sold as soil. Nothing is wasted, says mill manager Johan Abrahamsson. The investments have made it possible to run the mill without any CO2 emissions from the production process. The energy used is partly recovered as heat in the drying process. Another big advantage is the fact that all of the wood used in the process comes from sustainably managed forests and all the products are certified with the EU Ecolabel. Click Read More below for additional detail.
Despite the ramping up of global data regulations, most consumers are concerned about how companies collect and use their information. In fact, an overwhelming 96% of consumers are "somewhat" to "extremely" concerned about data collection and usage. This is understandable, as more than 75% engage in digital payment transactions at least once a month. This was according to “Consumer Data Privacy: Strategic Opportunities to Address Emerging Consumer Needs,” a report from A.T. Kearney. The level and intensity of consumer digital commerce engagement will continue to increase, the report revealed. And for those transacting online, consumers are increasingly using cards-on-file, both at individual retailers and third-party payment providers (e.g., PayPal, Visa Checkout) to conduct digital purchases. Click Read More below for more of the story.
Looking for a job with great benefits and upward mobility? Arandell will be hosting a job fair on-site Wednesday (9/20) from 1:00pm to until 6:00pm. We are looking for highly motivated individuals to join our team in several skilled and entry level positions. On-site interviews and offers that day! Open positions: Entry Level Bindery Workers (2nd and 3rd shifts) Experienced Bindery Machine Operators (2nd and 3rd shifts) Web Joggers (2nd shift) Electricians (2nd and 3rd shifts) Industrial Maintenance Mechanic (3rd shift) Premedia Artist (3rd shift) Customer Service Representative (1st shift) To expedite the process apply online at www.arandell.com/careers before attending the job fair or complete an application upon arrival. Click Read More below for additional detail.
In an industry first, the new line uses an independently controlled horizontal cutter to slice the ice cream as it emerges from the extruder. This patented technology means the cutting speed stays consistently fast, irrespective of the line speed, ensuring a precise, clean cut even at low rates of production. By programming the cutter to operate at different speeds and movements, ice cream producers can also switch between multiple products on the same line, be they sticks, sandwiches, cones, wafer cups, candy bars or cakes, while maintaining the highest possible quality. With a capacity range of 5,000 to 18,000 products per hour, the line offers much-needed volume flexibility to medium-sized producers, allowing them to increase or decrease output without compromising efficiency. Click Read More below for additional detail.
“WestRock’s corrugated packaging business in Brazil continues to perform well, with strong relationships with customers in attractive growth markets,” said Steve Voorhees, chief executive officer, WestRock. “Our new corrugated packaging plant will enable our exceptional team in Brazil to serve these customers even better in the future, with a state-of-the-art manufacturing facility that will provide new capabilites and efficiences for our customers, and to further integrate the containerboard that we manufacture in Brazil.” The new facility will be located in Porto Feliz and will serve all industry segments and markets both in the highly developed Sao Paulo region, as well other growing areas in Brazil’s southeast region. Construction is expected to begin later this year and be completed in mid-2019.
PRINT 17’s return to Chicago was a resounding success as 20,000 people from the graphic communications industry gathered at McCormick Place for five days of education, networking and an up-close look at the latest innovations and technologies. Industry professionals from around the world came to see new products from more than 450 exhibitors. PRINT 17 highlights included the new “Distinguished Leader” speaker series, with top marketing experts sharing their unique perspectives on how technology is changing our world and exploring the integration of print and digital. In addition, more than 50 seminars and panels throughout the show demonstrated NPES’ commitment to developing a relevant learning experience based on the pressing topics that can lead to business success for PRINT 17 attendees. Click Read More below for additional detail.
The Embassy of the Republic of Indonesia supported by the Chilean Office of Indonesian Trade Promotion Center (ITPC), announced it has partnered with Asia Pulp and Paper (APP) to recently exhibit APP’s innovative food packaging and premium packaging boards at Espacio Food & Service 2017. The ITPC is a non-profit government organization under the Directorate General for National Export Development of Indonesia and the Espacio Food & Service event is known as one of the most influential food industry get-togethers in Chile and throughout Latin America. “This show was a great opportunity for us to demonstrate that Indonesian companies such as APP can take its rightful place on the world stage, delivering true innovation and industry market demand solutions,” said Ambassador Philemon Arobaya, Indonesian Ambassador to Chile. “Indonesia has so much to offer the world, and we are proud to bring just a small piece of it to Latin America.” Click Read More below for additional detail.
National Average Price for Regular – Current: $2.642; Month Ago: $2.350; Year Ago: $2.182. National Average Price for Diesel – Current: $2.719; Month Ago: $2.528; Year Ago: $2.357.
American Dollar to Canadian Dollar = 0.823076 American Dollar to Chinese Yuan = 0.152812; American Dollar to Euro = 1.195289; American Dollar to Japanese Yen = 0.008986; American Dollar to Mexican Peso = 0.056497.
Six companies bought 14 million barrels of oil from the U.S. Strategic Petroleum Reserve in a sale required by law to help fund medical research and the federal government, said the Department of Energy on Thursday. BP Oil Supply, Exxon Mobil Corp, Phillips 66, Shell Trading, Valero Marketing and Supply Company, and Macquarie Commodities Trading bought oil from the reserve, which is held in salt caverns on the Texas and Louisiana coasts. The companies bought the oil at a range from $46.98 to $47.91 a barrel, slightly below the current futures price of about $49.70 per barrel, depending on which location the crude came from and whether it was sent by pipeline or directly to vessels, which could export the petroleum.
BCI Buckeye Division achieves SFI certification. SFI 2015-2019 Chain-of-Custody Standard is an accounting system that tracks forest fiber content (certified forest content, certified sourcing & recycled content) through production and manufacturing to the end product. Contact BCI Buckeye Division or your BCI Buckeye Division Representative for additional information.
South Dakota’s Supreme Court affirms a lower court ruling against a state law designed to challenge the prevailing law that allows many online retailers to avoid collecting sales tax. Since the birth of e-commerce, online retailers have been shielded from the requirement to collect sales tax from consumers who live in those states where the retailer does not have a physical presence, such as an office, store or warehouse. The U.S. Supreme Court likely will soon have the chance to change that. The question of whether out-of-state online retailers can be required to collect sales tax moved a big step closer to the nation’s highest court today when the South Dakota Supreme Court upheld a lower court’s decision barring enforcement of a 2016 state law that requires larger e-retailers to collect sales tax from South Dakota residents and remit them to the state. Click Read More below for additional detail.
Kimberly-Clark Corporation announced its first major commitment to renewable energy with agreements to annually purchase approximately 1,000,000 megawatt hours (245 megawatts - MW) of electricity from two new wind power projects in Texas and Oklahoma. The renewable energy supplied by the wind farms is equivalent to about one-third of the electricity needs of Kimberly-Clark's North American manufacturing operations and will enable the company to surpass its greenhouse gas (GHG) reduction goal four years earlier than anticipated. Kimberly-Clark has entered long-term power purchase agreements to take 120 MW or 78 percent of electricity to be generated by the Rock Falls Wind project being developed by EDF Renewables in northern Oklahoma and 125 MW or 42 percent of the electricity to be generated by the Santa Rita Wind Energy Center being built by Invenergy in West Texas. The renewable energy supplied by the two wind farms will enable Kimberly-Clark to reduce its greenhouse gas emissions by up to 550,000 metric tons annually. This is equivalent to removing 116,178 passenger vehicles from the road or not burning nearly 600 million pounds of coal annually.1 Click Read More below for additional detail.
Announced jointly by Kruger Products and the Government of Québec in July 2016, the $55-million investment to purchase and install PM8 received a $39.5-million loan from Investissement Québec, which is acting as an agent of the Government of Québec in this project. Kruger Products also received support from the Joliette RCM and the Municipality of Crabtree – through the Fonds de développement des territoires – Fonds d’aide aux entreprises volet 2 (Territories Development Fund – Business Assistance Fund, stream 2) – to complete this investment. The Company also took the opportunity to reveal its recent acquisition of a new $12-million winder. This new, more efficient machine manufactures paper products for the away-from-home market and will enable the Crabtree Plant to boost its annual production by 29%. The Crabtree Plant now has plenty of room to grow over the coming years. Click Read More below for additional detail.
Due to an unexpected further sharp rise in raw material prices, Sappi Europe is forced to continue passing on this cost inflation by increasing its WFU and WFC Sheets and Reels grade prices from October 2017 onwards by 5-8%. Despite strong order books and good operating rates, margins continue to be depressed by this severe input cost inflation. Sappi’s sales representatives will be in touch with their customers to agree on the specifics over the next weeks.
Used for filling Bag-in-Box® and Pouch-Up® products, the machine was produced by the BIB Equipment division of Smurfit Kappa Bag-in-Box. Smurfit Kappa’s automatic web filling machines offer high productivity and efficiency thanks to a number of innovative technologies including: • The revolutionary filling valve with separate vacuum and nitrogen circuits which decrease the oxygen pickup during filling • The “soft drop” of the bag reducing the number of leakers • The raised buffer tank which enables a better flow and more accurate filling. Click Read More below for additional detail.
UPS announced it will place in service three medium-duty electric trucks from Daimler Trucks Fuso brand, called the eCanter. The company will be the first commercial customer in the U.S. to use this series-produced vehicle. UPS will deploy the trucks in the U.S. at locations to be determined. The new EV trucks build on UPS’s Rolling Laboratory fleet of more than 8,500 alternative fuel and advanced technology vehicles. “At UPS, we constantly evaluate and deploy advanced technologies that enable sustainable, innovative solutions for our fleet,” said Carlton Rose, president, global fleet maintenance & engineering, UPS. “Electric trucks make our fleet both cleaner and quieter. We have a long-standing global relationship with Daimler, and we welcome the opportunity to trial the Fuso eCanter as UPS continues to realize the benefits of electric trucks.” Click Read More below for additional detail.
Effective with shipments on or after October 12, 2017, Flambeau River Papers will increase the transaction price by 5% for the following grades of paper as follows: FRP Offset Papers; FRP Glacier and Torchglow Opaque Papers; FRP Reply Card Papers; FRP Laser Bond Papers; FRP Converting Papers. All current standard upcharges and differentials remain in effect.
Effective with shipments of October 12, 2017 or latter West Linn Paper Company will increase the price on its uncoated offset by $2.00/cwt. This pricing change includes the following grades: West Linn Paper Uncoated Offset Smooth & White Wove Envelope. This price increase applies to all basis weights and finished plus all related private label grades and associated brand extensions.
Effective with shipments on or after October 1, 2017, NORPAC will increase the price of our uncoated freesheet papers by $2.00/cwt. This includes all mill-branded as well as private and generic labeled cut-size and rolls. All up-charges and shipping policies remain unchanged.
Amazon.com, Inc. announced plans to open a new fulfillment center in the Charter Township of Shelby, Mich. When the site opens in 2018, Amazon will create 1,000 new full-time jobs with benefits. “Michigan has been a great place to do business for Amazon and we look forward to adding a new fulfillment center to better serve our customers in the region,” said Sanjay Shah, Amazon’s vice president of North American operations. “The state has been a source of exceptional talent for Amazon, and we’re proud to be creating great jobs with benefits for Michiganders.” At the new 1-million-square-foot fulfillment center in the Charter Township of Shelby, employees will pick, pack and ship large items like household decor, sporting equipment and gardening tools. Click Read More below for more of the story.
Futures were steady in New York after rising 3.8 percent in the previous three sessions. Global demand will climb this year by the most since 2015, the IEA said Wednesday. OPEC on Tuesday raised estimates for the amount of crude it will need to supply in 2018 on stronger consumption from Europe and China. U.S. oil output gained last week as operations returned after Hurricane Harvey. The IEA report “was taken as confirmation of the prevalent supply-tightening narrative, that that oil surplus is slowly disappearing,” said Norbert Ruecker, head of commodity research at Julius Baer Group Ltd. Still, crude is “trading at the upper end of a fundamentally justified price range” and the “upcoming seasonal demand soft patch is set to create near-term headwinds.” Click Read More below for more of the story.
Evergreen Packaging , a global leader in the manufacturing of refrigerated paper cartons, debuted a Fully Renewable Carton, part of their Renewable Plus Carton line featuring sugarcane-based polyethylene. Part of the Evergreen Packaging family of FreshHouse™ Cartons, the new Renewable Plus Cartons underscore the company’s commitment to developing sustainable packaging solutions from renewable materials. “Our new Renewable Plus Carton reflects our promise to continually innovate and create unique renewable packaging solutions that serve both customers and consumers,” said DeWitt Clark, Vice President of North American Packaging at Evergreen Packaging. “Customers can offer fully renewable carton options which leverage our industry-leading expertise in barrier extrusion technology. Consumers can feel good about purchasing products knowing that they’re purchasing packaging made from renewable materials.” Click Read More below for additional detail.
Georgia-Pacific announced today a new lumber production facility in Talladega, Alabama. Construction on the $100 million, 300,000-square-foot, technologically advanced plant is scheduled to begin immediately with an anticipated startup in late 2018. Once it is fully operational, the plant will employ more than 100 full-time employees and generate an estimated $5 million in annual payroll. “The availability of talent and natural resources makes Talladega an ideal site for this new lumber production facility,” said Fritz Mason, vice president and general manager, Georgia-Pacific Lumber. “The City of Talladega, Talladega County, and the State of Alabama have been incredibly supportive of this new venture and we look forward to a long and beneficial relationship.” “Georgia-Pacific’s new investment in Talladega will bring good jobs and enhanced opportunities to the area’s citizens while also benefiting timber owners in the region,” Governor Kay Ivey said. “I am committed to working closely with businesses like Georgia-Pacific, which has a significant presence in the state, as we demonstrate to the world that Alabama is open for business and eager to form strong partnerships.” Click Read More below for additional detail.
Some media reports have presented at somewhat inaccurate description of the actual situation of the Norske Skog group. Norske Skogindustrier ASA is still a listed company with a separate board elected by the shareholders at the extraordinary general meeting of Norske Skog on 24 August this year. The board of Norske Skogindustrier ASA consists of: Christen Sveaas (Chair), Eilif Due, Jon-Aksel Torgersen, Ragnhild Wiborg and Annette Malm Justad as members elected by shareholders. Employee-elected board members are Cecilie Jonassen, Paul Kristiansen and Svein Erik Veie. Norske Skogindustrier ASA is the parent company of a group with a complex corporate structure that comprises several subsidiaries, as shown in the attached overview of the company structure. In Norske Skog AS, which is a subsidiary of the Norske Skogindustrier ASA group, a new board was elected yesterday. Newly elected board members of Norske Skog AS are Sven Ombudstvedt (Chair) and Nils Ingemund Hoff. In addition, Rune Sollie (CFO of Norske Skogindustrier ASA) will remain as board member. Holders of the EUR 290 million bond maturing in 2019 (SSN) have, according to the bond terms, the right to elect a new board of Norske Skog AS, as this bond is in default and has been accelerated and declared payable immediately in its entirety. The EUR 290 million bond has security against inter alia the shares of Norske Skog AS. Click Read More below for additional detail.
UPM Raflatac has further expanded its range of guaranteed, globally available, and compliant pharmaceutical and healthcare label materials for the medical device and healthcare industries. Today there are over 500,000 types of medical and in vitro diagnostic medical devices available in the EU, with a medical device meaning anything from a contact lens or sticking plaster to an x-ray machine or hip replacement component. In vitro diagnostic medical devices include things like HIV blood tests, pregnancy tests, and blood sugar monitoring systems for diabetics. The new RPMD (Raflatac Permanent Medical Device) adhesive range includes labeling solutions for drug/device combination products like insulin pens, auto-injectors, and inhalers, as well as blood donation labeling, sterilization pouches for medical devices, and infusion bags and bottles. Combining selected paper and film face materials with an RPMD adhesive ensures excellent adhesion with a tight mandrel hold on glass and plastic, as well as sterilization resistance and migration safety - both common requirements in medical device and healthcare labeling. Click Read More below for additional detail.
Effective with shipments on or after October 13, 2017, Appleton Coated will be increasing prices on Ethos Uncoated Offset, Ethos Uncoated Offset 30% PCRF and Ethos Uncoated Offset 100% PCRF by 4 to 6%.
Effective with shipments on or after October 12, 2017, CellMark is increasing the prices on our virgin and recycled cut-size products as well as our white and colored file folder grades by $2.00/cwt. This includes - AlmaPlus; AlmaOffice; AlmaEco; File Folder. If you have any questions regarding these changes, please call your sales representative.
Glatfelter is announcing a 4-6% price increase for the listed grades and product lines sold in our United States market. The increase will be effective with shipments on or after October 16, 2017. Uncoated converting papers: All Envelope grades; Transform®Laser MOCR; Logan® Reply Card. Printing & Imaging papers: All Cut Size Papers (Mill/Private Label); Spring Forge® Offset; Thor® Plus & Thor® PCW; Spring Forge® Digital; Hopewell Offset. Engineered Products: Pixelle® Basic; Repro Bond. All current standard differentials and upcharges remain in effect.
Effective with shipments on or after October 11, 2017, pricing will increase approximately 6% on the following grades: Finch Commercial Printing Papers: Finch 94 Rolls; Finch Offset Rolls & Finch Converting Papers: Finch Reply Postcard, 7 pt. and 9 pt. Rolls; Finch ThruPut Wove Rolls; Finch Forms Bond; Finch MOCR Laser; Finch Engineering Bond; Finch CAD Inkjet Bond & Finch Office Papers: Finch Premium Multipurpose; Finch Multipurpose; Finch Copy; All private-label brands; General White Box. All standard upcharges apply and all customer-specific inventory programs will increase with shipments on or after October 11, 2017.
Effective with shipments on or after October 11, 2017, pricing will increase approximately 4-6% on the following grades: New Leaf Ingenuity 100% PCW Sheets and Rolls (96 bright Text & Cover); New Leaf Harmony 100% PCW Sheets and Rolls (93 bright Opaque-Offset). All standard upcharges apply and all customer-specific inventory programs will increase with shipments on or after October 11, 2017.
Unlisted German publishing giant Bertelsmann is not considering any further large takeovers worth “billions” and has no plans to list its Penguin Random House (PRH) division, Chief Financial Officer Bernd Hirsch told newspaper Boersen-Zeitung. Bertelsmann raised its stake in PRH to 75 percent in July, giving it the option of listing the business after it purchased a PRH stake from rival Pearson . Asked whether Bertelsmann was seeking full control of PRH, Hirsch said: “We have reached our goal of gaining 75 percent control.” Buying the outstanding 25 percent stake, which is still owned by Pearson, would depend on whether Pearson approached Bertelsmann over the matter, Hirsch said. Asked whether Bertelsmann would consider listing PRH, Hirsch said: “We have the IPO option. But this is not a scenario which we are thinking about.” The progress already being made to transform Bertelsmann into a digital publishing company has reduced the need to raise funds via the stock market to finance further strategic change. “If you think in a five-year timespan, the financing need is no longer of a magnitude where large projects need to be financed via an initial public offering,” Hirsch told the paper. Bertelsmann is also not considering a sale of its Printing Group, Hirsch added.
Sycamore Partners today announced that it has completed its acquisition of Staples, Inc. (the "Company"). "We are pleased to have completed this transaction and look forward to partnering with CEO Shira Goodman and the Staples management team as we seek to increase long-term profitability," said Stefan Kaluzny, Managing Director of Sycamore Partners. "With the support of its dedicated associates, Staples is well-positioned to leverage its iconic brand and leading competitive position to drive even greater value for its business-to-business and retail customers in the U.S. and Canada." Click Read More below for additional detail.
Stora Enso announced in February plans to permanently close down one paper machine 8 (PM8) and related reorganisation at the Kvarnsveden Mill in Sweden that could affect a maximum of 140 people at the mill. PM8 was permanently shut down in June, and the negotiations between central parties have now been concluded. The impact of the reorganisation and PM8 closure was mitigated through individual solutions, such as early retirement. Altogether the number of people affected will be 122. Stora Enso is convinced that through the measures taken, it is possible to improve the competitiveness of the Kvarnsveden Mill going forward. Production at Kvarnsveden Mill will continue on two lines, PM10 for improved newsprint paper and PM12 for SC papers.
Lecta brings out a new Adestor hot-melt adhesive for packaging applications. Adestor HM300 is a permanent hot-melt adhesive with a very high tack especially formulated for high-speed air-blow labelling. It performs well at low temperatures and can be used at room temperature of -5ºC. Its immediate strong adhesion makes it ideal for rough and curved surfaces. The new HM300 adhesive is available in a range of different paper and film face stock. Click Read More below for additional detail.
Method and global packaging leader Amcor have combined to introduce a new package with a significantly enhanced sustainability profile for Method’s dishwasher-cleaning product. The product, Power Dish, is now delivered to consumers in a reclosable polyethylene (PE) stand-up pouch – developed and produced by Amcor – with a carbon footprint that is up to two-thirds smaller than the package it replaced. The attractive, functional packaging contains 20 percent post-consumer recycled (PCR) resin, and is itself more easily recycled. Click Read More below for additional detail.
Futures gained 1 percent in New York after rising 1.6 percent the previous two sessions. The IEA boosted its forecast on stronger-than-expected consumption in Europe and the U.S., and said that inventories of refined products are subsiding to their five-year average. A six-month extension to supply curbs from the end of March is one of the options being considered by OPEC and its allies, according to a person familiar with the matter. Oil in New York has averaged about $49 a barrel this year as efforts to drain a global glut by the Organization of Petroleum Exporting Countries and partners including Russia are stifled by rising shale output. U.S. crude inventories expanded by 6.18 million barrels last week, according to industry data, as oil processors gradually restarted following Harvey. Click Read More below for more of the story.
Catalyst applauds the government’s commitment to eliminate the Provincial Sales Tax (PST) on electricity for commercial and industrial users in its 2017 budget update, which will assist in protecting jobs in British Columbia’s pulp and paper sector, says Len Posyniak, Senior Vice President, Human Resources & Corporate Services. Effective this fall, the PST on electricity for commercial and industrial users will be reduced from 7% to 3.5%. On April 1, 2019, electricity for commercial and industrial users will be fully exempt from the PST. Click Read More below for additional detail.
Gap Inc. announced plans to hire seasonal associates for its Gap, Banana Republic, Athleta and Old Navy stores, as well as call centers and distribution centers for the 2017 holiday season. The company will host a single day hiring event in all Gap, Gap Outlet, Banana Republic, Banana Republic Factory and Old Navy stores across the United States and Canada from 10 a.m. to 2 p.m. (local time) on Saturday, September 23, 2017. Job candidates are encouraged to apply for a position prior to the holiday hiring event through Gap Inc.'s online seasonal hiring career page. Additionally, Athleta will be recruiting for the holiday season through the career page. Click Read More below for additional detail.
News highlights: •Lightning Source names HP PageWide preferred inkjet press provider through 2024 with order of 24 new HP PageWide T240 HD color & mono digital presses, with services and supplies •Multi-million dollar deal over seven years is the largest ever for HP’s Graphics Business •HP PageWide will serve Lightning Source’s publishers’ demands for a faster, higher-quality, and more efficient printing solution. Click Read More below for additional detail.
Effective with all new and existing orders with confirmed delivery dates of October 1, 2017 or later, Verso Corporation is increasing the transaction price of all Uncoated Freesheet Grades by as much as 6%. This includes, but, is not limited to: Ideal® Offset; Ideal® Reply Card. The increase applies to all basis weights, bulks, finishes and related private label grades. Should you have any questions, please contact your Midland Paper sales professional.
Effective with shipments October 9, 2017, Boise Paper will raise prices by $2/cwt on all private label and branded office papers, printing papers, and converting papers. All minimums, up-charges and shipping policies remain unchanged. Please contact your Boise Paper sales representative with any questions regarding these changes.
Please be advised that we will increase our prices by an average of 5% on the following products, effective with shipments on or after October 6th, 2017. This includes • Rolland Enviro Copy, • ReproPlus. All standard upcharges will remain unchanged. Orders already confirmed for shipment on or after October 6th, 2017 will be priced as acknowledged.
Effective with shipments October 6, 2017, the price for the following products will increase 4-6%: • Husky® and EarthChoice® Opaque Offset Rolls • Domtar® Reply Card Rolls • Domtar® branded and Private Label Office Papers • Converting Papers. All current standard differentials and upcharges remain in effect.
Effective with shipments October 11, 2017, International Paper will increase prices by $2/cwt on the following products: * Williamsburg: Offset Rolls & Return Postcard Rolls; * Postmark® White Wove Envelope; * DataSpeed® Laser MOCR; * Office Papers: All Private Label + Generic White Box + Relay. This increase applies to virgin, recycled and treated products. All standard upcharges will continue to apply.
Norske Skog's newly elected board of directors is progressing the recapitalization process and will continue to work to develop a sustainable, industrially based recapitalization proposal to the stakeholders of the group. This recapitalization proposal will be based on the current operating performance and outlook for the Norske Skog group, and will seek to provide a robust industrial and financial platform for the future development of the group. The board's current intention is to make public the industrially based recapitalization proposal on Monday 18 September (at 13.00 CET), after which date the group's financial creditors will be expected to have a 10 business day period until 2 October at 17.00 CET to accept or reject the board's proposal. The recapitalization proposal will be based on the recently announced 2017 gross operating earnings estimate of around NOK 700 million. The recapitalization proposal will reduce the group's debt position and interest payments to a level which leaves Norske Skog as an industrial company with a realistic and long term sustainable capital structure to enable future development of the group in a rather challenging international business environment. Click Read More below for additional detail.
Due to the unprecedented impact and devastation in the wake of Hurricane Harvey, several of Sun Chemical’s feedstock suppliers have announced a force majeure and many other raw materials suppliers are reviewing allocations. While the volatility of the supplier markets is unknown at this point, the inks and pigments markets will be affected. Sun Chemical is committed to working closely with its suppliers to assess global ramifications, develop needed contingency plans, and to notify customers of potential delays or issues. Click Read More below for more of the story.
Neenah announces the release of DISPERSA (TM) Dissolvable Paper, a water-soluble paper that dissolves completely and rapidly in water. DISPERSA (TM) Dissolvable Paper addresses key market needs dictated by an increased focus on environmental awareness, industrial and consumer safety, and convenience. It is 100% dispersible in water in seconds or minutes, depending on conditions, and suitable for flexographic, laser, and inkjet printing technologies. The paper has unique dry strength properties that allows it to withstand the converting processes, but still dissolves when exposed to water. Applications include food rotation labels for reusable food containers in commercial kitchens and heat sealable pouches for safer handling of hazardous substances. DISPERSA (TM) Dissolvable Paper will be manufactured in the USA.
“We have been making offset since 2010 and lightweight opaques since 2013,” explains Jim Bird, Appleton Coated’s uncoated product manager, “and our uncoated products have an excellent reputation with our customers.” Bird continues, “The Swatchbook is a tool that showcases the grades and is an extension of the brand’s continued growth in the market.” “The Offset section of the book features a comparison of 100% Post-Consumer Recovered Fiber (PCRF) Offset, 30% PCRF Offset, and Virgin Fiber Offset to showcase the printed and unprinted excellence of these three offerings.” Bird continues, “Customers are remarking that our sustainable options are virtually indistinguishable from their virgin counterparts. A notable benefit of the book is that every grade and basis weight shown in the book features printed and unprinted examples.” Click Read More below for additional detail.
The Board of BillerudKorsnäs has decided to exercise the authorization granted to it by the Annual General Meeting on 10 May 2017, regarding repurchase of own shares. At the time of this press release, BillerudKorsnäs has 948,476 own shares in treasury. Repurchases may take place on one or more occasions during the period from 12 September 2017 until the next Annual General Meeting, up to a maximum amount of 314,690 shares. Repurchases shall be made on Nasdaq Stockholm at a price per share that is within the registered interval at any given time, i.e. the interval between the highest buying price and lowest selling price. Payment for the shares shall be made in cash. The purpose of the repurchase is to secure future delivery of shares to the participants in BillerudKorsnäs’ long term share based incentive programmes.
Futures slipped 0.5 percent in New York after rising 1.2 percent Monday. U.S. refiners closed by Hurricane Harvey more than two weeks ago continue to restart, including the nation’s largest, operated by Motiva Enterprises LLC. The 12 OPEC nations engaged in production cuts reduced their output by 109,000 barrels a day last month, according to a person familiar with the matter. The hurricanes have rattled energy markets, with Irma shutting Florida fuel stations and ports and Harvey earlier halting about one-quarter of the nation’s refining capacity. Goldman Sachs Group Inc. forecasts the two storms will initially hurt crude demand by about 600,000 barrels a day, though the recovery will likely raise consumption and offset that loss. Click Read More below for additional detail.
As a member of the Annual Disaster Giving Program (ADGP), Boise Paper is a corporate leader who makes a difference by pre-investing in the vital work of the American Red Cross. Through a unique partnership, Boise Paper donates a majority of the office paper the Red Cross uses annually, helping reduce a large administrative expense and allowing the Red Cross to invest more funds in critical humanitarian needs. Donations from ADGP members, like Boise Paper, enabled the Red Cross to be among the first responders on the ground, preparing for the large response effort as Hurricane Harvey bore down on Texas and Louisiana. Contributions from ADGP members power the ability of the Red Cross to provide compassionate care to those in need – from providing relief and support to those in crisis, to helping people be prepared to respond in emergencies. Click Read More below for additional detail.
Cascades Inc., leader in the recovery and manufacturing of green packaging and tissue products, invites the media representatives to a press conference during which the Minister of Economy, Science and Innovation, Dominique Anglade , the Minister responsible for the Centre-du-Québec region, Laurent Lessard , President and CEO of Cascades, Mario Plourde , President and Chief Operating Officer of Cascades Containerboard Packaging, Charles Malo , and Drummondville Mayor Alexandre Cusson , will inaugurate the expansion of the Drummondville corrugated packaging plant, an investment of $ 26.4 million. Dignitaries, customers, suppliers and employees will join them for this expected event.
Today at PRINT 17, HP Inc. announced the HP Indigo 12000 HD Digital Press with breakthrough high definition imaging, and new print performance technology for HP PageWide Web Presses, setting new industry benchmarks for quality, productivity and color. These solutions are yet another step by HP in leading the acceleration of the analog-to-digital graphics printing transformation. The High Definition Imaging System for the B2-sized HP Indigo 12000 HD Digital Press doubles image resolution to 1625 dpi, delivering sharper, smoother, finer print. With this high addressability print resolution, print service providers (PSPs) can surpass offset quality and open new digital possibilities in high-end commercial and photo applications. Click Read More below for additional detail.
NEENAH Packaging will showcase its premium packaging products and custom capabilities at this year’s Packaging Innovations & Luxury Packaging show (F75) at Olympia, London, September 13-14, 2017. Making its name by partnering with industry leading brands to successfully build brand equity and help drive financial results, NEENAH Packaging will showcase its market-changing and custom solutions at this show. Market-changing packaging to be featured at Packaging Innovations: Tech giant Amazon has changed the game when it comes to the world of gift cards. Neenah has helped Amazon to elevate the gift card experience for both the buyer and gift recipient through creative packaging solutions and was instrumental in providing Amazon with a strategic assessment for its gift tag products and meeting the company’s ROI objectives. Click Read More below for additional detail.
Demonstrate your commitment and activate your support to forests and PEFC by becoming an International Stakeholder member. Want to know more? Then check out our new brochure! Companies, organizations and associations with principles and objectives supportive to PEFC’s are encouraged to join. International Stakeholder membership is open to entities with a legal operating presence in two or more countries, legally registered as an international organization, and/or demonstrate international scope and representation. Entities operating only at domestic level are encouraged to join the PEFC national member in their country. Click Read More below for additional detail.
Expera Specialty Solutions has announced its newly branded Flame-Gard™ Technology. Expera provides flame-resistant solutions for multiple end-use applications. "Flame-resistant papers will char when exposed to a flame, and will not 'support' combustion, self-extinguishing when the flame source is removed," explained Jeff Murphy, Sales and Marketing Director for Expera Specialty Solutions. Expera produces flame-resistant papers across multiple applications. From utility grades and papers used in building and construction, to school craft papers, Expera's innovative technology provides targeted protection. Click Read More below for additional detail.
Sealed Air Corporation announced the acquisition of Fagerdala Singapore Pte Ltd., a manufacturer and fabricator of polyethylene foam. Sealed Air will acquire 100 percent of Fagerdala shares for approximately $100 million in cash. The sale is expected to close in October of 2017. Fagerdala, established in 1983 with headquarters in Singapore, has 14 manufacturing facilities, employs more than 1,300 people in China, Thailand, Singapore, Malaysia, Mexico and the United States, and generated $80 million in sales in 2016. Sealed Air plans to leverage Fagerdala’s manufacturing footprint in Asia, expertise in foam manufacturing and fabrication, and commercial organization to grow sales in the consumer electronics, medical equipment and devices, automotive, temperature assurance, and e-commerce fulfillment sectors. Click Read More below for additional detail.
Kruger Inc. is announcing today a $377.6-M transaction to diversify operations at its Brompton and Wayagamack Mills into specialty niches, such as flexible food packaging, labelling and digital printing. This major project, undertaken in partnership with the Government of Québec, will help to maintain more than 500 jobs in the Mauricie and Estrie regions. The announcement was made today in the presence of Philippe Couillard, Premier of Québec; Dominique Anglade, Minister of Economy, Science and Innovation and Minister responsible for the Digital Strategy; and Joseph Kruger II, Chairman and Chief Executive Officer of Kruger, as well as Ministers Luc Blanchette, Julie Boulet, and Luc Fortin. Kruger and the Government of Québec have formed a partnership by which Investissement Québec, acting as the government's agent, will grant loans and a loan guarantee totalling $59.8 million and acquire an equity participation of 37.5%, or $44.6 million, in the new entity Kruger Specialty Papers Holding L.P. The new entity comprises the assets of the Brompton and Wayagamack Mills, as well as the Biomass Cogeneration Plant adjacent to the Brompton Mill. Click Read More below for additional detail.
Dear Catalog Industry Member: If you have yet to come across this article, which appeared on September 6th in the Washington Post, New York Times, NY Daily News, and other major news outlets, it's worth a read, but with a grain of salt. Before you click on it, in a nutshell the article says the "Postal Service is currently petitioning the agency that oversees it, the Postal Regulatory Commission, to grant the biggest change to its pricing system in a half century: the authority to lift a cap on postal rates. The commission’s decision is expected within weeks." Rest assured, the USPS has not filed for such an increase. The headline of the story, "Analysis: Postal woes demand jump in stamp price to 60 cents," relates to the price increase needed to close the gap in postal finances in once fell swoop." Click Read More below for additional detail.
Electronics For Imaging, Inc. announced its results for the second quarter of 2017. For the quarter ended June 30, 2017, the Company reported record second quarter revenue of $247.0 million, up 1% compared to second quarter 2016 revenue of $245.7 million. GAAP net income was $2.8 million, down 47% compared to $5.2 million for the same period in 2016 or $0.06 per diluted share, down 45% compared to $0.11 per diluted share for the same period in 2016. Non-GAAP net income was $25.5 million, down 4% compared to non-GAAP net income of $26.7 million for the same period in 2016 or $0.54 per diluted share, down 4% compared to $0.56 per diluted share for the same period in 2016. Cash flow from operating activities was $24.1 million, up 5% compared to $22.9 million during the same period in 2016. Click Read More below for additional detail.
1-800-FLOWERS.COM, Inc. announced it plans to hire approximately 8,000 associates nationwide for positions across its gourmet food brands as it prepares for the 2017 holiday shopping season. Interviewing for new hires is now underway for seasonal roles at Harry & David, Cheryl's Cookies and The Popcorn Factory. Available positions vary by brand and include full-time and part-time roles in high-volume areas such as production, gift assembly and retail stores, as well as call center, distribution and fulfillment center operations. Most of the seasonal positions are being offered in Illinois, Ohio and Oregon. Click Read More below for additional detail.
Appleton Coated’s new Ethos Enhanced Inkjet Swatchbook highlights the product’s versatility. Featuring samples printed across multiple high-speed inkjet platforms – including the HP PageWide, Kodak Prosper, Ricoh IPS5000 & Pro VC60000, Canon ColorStream & VarioPrint i300, and Screen TruePress – the book is a showcase of the capabilities of this silk, coated-like inkjet paper. “The swatchbook is printed by our customers across North America,” explains Amy Ambos, Appleton Coated’s inkjet product manager, “using both dye and pigment inks. Ethos Enhanced Inkjet is an obvious choice for many direct mail, commercial and publishing applications.” Ambos continues, “Our customers are impressed with the print quality, runnability, and product availability. The product is manufactured at our mill in Combined Locks, Wisconsin, ensuring the quick-turn required by many customers.” Click Read More below for additional detail.
During the night between September 5th and 6th, there was a fire in one of the buildings at BillerudKorsnäs’ production unit in Karlsborg and the production has been stopped since then. After analysing the impact of the fire, BillerudKorsnäs now expects Karlsborg to be back to full production during the week starting with Monday September 18th. "The most important thing is that no person has been injured in the fire. We have now assessed the impact of the fire and the work with making the unit ready for start of production is ongoing at high intensity. We expect full production to be reached during next week, i.e. the week starting with Monday September 18th. As it is a complex start-up after this type of event, there is some uncertainty about the exact timing", says Per Lindberg, President and CEO of BillerudKorsnäs. Click Read More below for additional detail.
Total sales for the first quarter were $853 million, declining 6.6% as compared to the prior year. Comparable store sales decreased 4.9%, as declines in non-book categories outpaced improved book trends during the quarter. The Company also experienced lower online and NOOK® sales during the quarter, which were impacted by the prior year eBook settlement and lower promotional activity. The consolidated first quarter net loss improved to $10.8 million, or $0.15 per share, compared to a loss of $14.4 million, or $0.20 per share, in the prior year. The consolidated first quarter operating loss of $15.2 million improved $6.2 million versus the prior year. Retail incurred an operating loss of $12.5 million, while NOOK incurred an operating loss of $2.7 million. Click Read More below for additional detail.
Crude oil prices gained in Asia on Monday as the impact of Hurricane Irma was not as severe as expected so far, but still packed a wallop for Florida even as its intensity was downgraded and as investors eyed China crude buying trends in the wake of a strongly stronger yuan. Hurricane Irma knocked out power to more than 2.4 million homes and businesses in Florida on Sunday, threatening millions more as it crept up the state's west coast, and full restoration of service will take weeks, local electric utilities said. But after Hurricane Irma hit Florida on Sunday morning as a dangerous Category 4 storm, the second highest level on the five-step Saffir-Simpson scale, it weakened to a Category 2 with maximum sustained winds of 110 miles per hour (177 kph). The yuan gained to its highest level since May 2016 on Monday, a boon for commodity imports priced in dolalrs that are imported into China such as crude oil. Click Read More below for more of the story.
Crown Holdings, Inc. announced that it will build a new plant in the Valencia region of Spain to produce aluminum beverage cans. The location of the facility, Parc Sagunt, is approximately 10 miles north of the city of Valencia, and was selected based on its close proximity to key customers as well as the excellent local infrastructure and transportation links. The Company currently operates two steel beverage can plants in Spain, in Agoncillo and Seville, and will be constructing the new facility to meet the growing demand and preference for aluminum beverage cans in the Iberian region. Click Read More below for additional detail.
Last month, U.S. Senator Susan Collins announced a $7.89 Million grant for a project to improve rail infrastructure in Northeastern Maine. NBM Rail Services has been awarded the contract to repair and upgrade 22 rail bridges on the Madawaska Subdivision of the Maine Northern Railway. Fourteen bridges will require minor repairs, three bridges require superstructure replacements, and one bridge will be replaced completely. The funding, through the FASTLANE grant program, will help create jobs, improve competitiveness and provide an economic boost for the State of Maine. Following project completion, the 151-mile section will be capable of carrying 286,000 pounds of rail car weight. “This major rail link is used daily by manufacturers and customers across our state, and these improvements will significantly increase capacity and efficiency throughout the corridor,” said Senator Collins, Chairman of the Senate Appropriations Subcommittee. Click Read More below for additional detail.
Macroeconomic troubles have prompted Zenith to lower its global ad-spend growth prediction to 4% for 2017, when total expenditures are now expected to reach $558 billion. That’s a downgrade from the 4.2% growth that Zenith had forecast in June. The June forecast was a downgrade from the 4.4% the Publicis Groupe media agency had forecast in March. Digital -- and particularly mobile -- continues to take dollars away from print media as consumers use mobile apps. The most rapid growth is coming from online video (+18%) and social media (+25%), while U.S. TV is still growing, only fractionally at 0.5% this year. American print media continue its steep decline, with newspapers falling 9% and magazines down 7.4% this year. Click Read More below for additional detail.
The company ranked among the top 1% of the 30,000 companies that were assessed on a range of criteria across environment, labour practices and human rights, sustainable procurement and fair business practices. EcoVadis provides supplier sustainability ratings for global supply chains in companies such as BASF, Johnson & Johnson, Nestlé, Renault and Veolia. This achievement follows on from Smurfit Kappa reaching a sustainability target earlier in the year when it reached full chain of custody certification for its entire raw material supply chain, helping its customers to meet their own sustainability and environmental targets. Click Read More below for additional detail.
The Sustainable Forestry Initiative Inc. (SFI) announced today that Obishikokaang Resources Corporation has certified more than 1 million hectares of the Lac Seul Forest in Northern Ontario to the SFI 2015-2019 Forest Management Standard. Lac Seul First Nation, also known as Obishikokaang, is the oldest Reserve in the Sioux Lookout District. Lac Seul First Nation has over 800 members and is made up of the communities of Kejick Bay, Whitefish Bay and Frenchman’s Head, all located on the shores of Lac Seul. “Lac Seul and the surrounding forest have always provided for the economic and cultural well-being of the people of Obishikokaang. Certifying to SFI is part of our commitment to the kind of sustainable business practices that are designed to protect the environment and support economic growth. Band members are working as part of the management teams, supervising harvesting and playing an important role in forest regeneration,” said Clifford Bull, Chief of Lac Seul First Nation. Click Read More below for additional detail.
Revenues went from $467.8 million in the third quarter of 2016 to $477.7 million in the third quarter of 2017, an increase of 2.1%. This increase is attributable to the contribution from the acquisitions in the packaging division, as well as the favourable exchange rate effect and the organic growth in revenues for the Printing and Packaging Sector. Organic growth in revenues is attributable to higher volume in the packaging division and higher demand for all services to Canadian retailers, namely for flyer and in-store marketing printing services, as well as for premedia and door-to-door distribution services, notably under the terms of the expanded agreement with Lowe's Canada, partially offset by the decline in revenues from the other printing division verticals. Net earnings increased by $3.1 million, from $45.9 million in the third quarter of 2016 to $49.0 million in the third quarter of 2017. This increase is mostly attributable to the increase in operating earnings, partially offset by the increase in net financial expenses. On a per share basis, net earnings went from $0.59 to $0.64. Excluding restructuring and other costs (revenues) and impairment of assets, net of related income taxes, adjusted net earnings increased by $6.0 million, or 13.6%, from $44.1 million in the third quarter of 2016 to $50.1 million in the third quarter of 2017. On a per share basis, adjusted net earnings went from $0.57 to $0.65.
Sappi North America’s publication, “Verticals: The Marketing of Higher Education,” was selected as the 2017 winner of the annual Positively Print award. Pursuing the organization’s mission to educate its stakeholders, Sappi launched the Verticals series to examine individual vertical markets and the unique challenges, traditions, and idiosyncrasies each faces when communicating with its target audience. This first installment of the Verticals series aims to bring colleges and universities across the United States a set of best practices for attracting new students through in-depth research and case studies. “Verticals: The Marketing of Higher Education” brings industry statistics to life, busts myths on marketing to this demographic, and includes a five-page pullout full of special effects and cross-channel marketing tips. With competition stronger than ever, the publication creatively demonstrates how print, a sustainable choice, effectively cuts through digital clutter, helping colleges and universities create a lasting impression to stand out with students and their families. Click Read More below for additional detail.
The U.S. Postal Service Gulf Atlantic District, which includes portions of northern Florida and southern Georgia, continues to prepare for the arrival of Hurricane Irma by advising customers that normal service operations in the path of the storm may be interrupted in the event of unsafe conditions such as high winds, flooding, or impassable roads. A dedicated Emergency Operations team is directing efforts to carefully and thoughtfully make decisions about our operations in an abundance of caution and out of concern for the safety and wellness of employees and customers. We will continue to temporarily adjust operations at some Post Offices in both Florida and Georgia. The information below provides the latest details on specific dates and times of temporary service suspensions. Click Read More below for additional detail.
HomeServices of America, Inc., a Berkshire Hathaway affiliate, today announced that it has acquired The Long & Foster Companies, Inc., the largest private residential real estate company in the United States by sales volume. The acquisition includes Long & Foster’s family of companies, including Long & Foster Real Estate and its market-leading affiliated business lines in mortgage, settlement services, insurance, and property management. Financial terms of the transaction were not disclosed.
Pitney Bowes announced it is acquiring Newgistics Inc. for $475 million in a move to accelerate Pitney Bowes’ expansion into the U.S. domestic parcels market. “Newgistics fits uniquely at the intersection of our parcel growth strategies and will accelerate the overall transformation of Pitney Bowes,” said Marc B. Lautenbach, President and Chief Executive Officer of Pitney Bowes. “This acquisition combined with recent innovations in mailing and shipping for SMB clients, organic growth of our global ecommerce business, and expansion of our presort and parcel services network – definitively anchors Pitney Bowes in a growing space and vastly increases the value we can deliver for our clients.”
The UPS Foundation, the American Red Cross and drone manufacturer CyPhy Works, Inc., today announced a partnership to launch a drone pilot program, marking the first time the American Red Cross will test using a tethered drone to assess damage after a major natural disaster in the United States. “With such catastrophic injury and damage being caused by natural disasters, every minute counts. It’s essential that public and private organizations work together to find new and innovative solutions to support and enhance recovery efforts after a natural disaster strikes,” said Eduardo Martinez, president of The UPS Foundation and chief diversity and inclusion officer.
The U.S. Postal Service celebrates the Holiday season with four new Forever stamps featuring images that illustrate a major theme of each of four beloved Christmas carols: “Jingle Bells,” “Deck the Halls,” “Silent Night” and “Jolly Old Saint Nicholas.” Familiar lines from each song highlight the individual stamps. The shades of blue in the backgrounds of the stamps evoke the evening scenes from the four carols. This booklet of 20 stamps includes five of each design. The late Howard E. Paine was the art director. Artist Steve McCracken of Winchester, VA, created original art for the project.
The publication printing industry in North America continues to consolidate, and LSC Communications is leading the charge. Following on the heels of its July 17 acquisition of Creel Printing, Chicago-based LSC Communications announced today that it has acquired Publishers Press, a family-owned printing and digital solutions provider based in Lebanon Junction, Ky. It brings an end to the stewardship of Publishers Press and its predecessor entities by five generations of the Simon family, whose roots go back to 1866 when Nicholas Simon purchased an interest in a new German newspaper in Louisville, Ky., which later became known as "The Printing Rooms of Nicholas Simon."
How can today’s commercial printers bridge the physical and digital worlds through innovative solutions in printing technology, workflow software and personalization? The answers will be on display at the Xerox booth at PRINT 17. “Xerox is focused on innovations that give our customers the tools they need to grow their business and succeed in the competitive graphic communications market,” said Andrew Copley, president, Graphic Communications Solutions, Xerox. “With the speed and enhanced inline finishing capabilities of the new Versant® 3100, businesses can lower costs and turn around jobs faster; with our latest ink innovations, they can save substantially by printing directly from inkjet to offset coated stocks; and with brilliant highlights of white, dry ink they can deliver exceptional marketing materials. What attendees see at PRINT 17 from Xerox sets us apart from the competition.”
InPrint USA, the Industrial Print Show, will host the first Industrial Inkjet Conference May 1-2, 2018 at the Palmer House Hilton in Chicago. The conference will showcase how inkjet technologies are transforming the manufacturing sector and will educate attendees on the opportunities and challenges in inkjet printing for industrial applications. The inaugural InPrint USA exhibition, held last April in Orlando, connected manufacturers who use print as a key component of the manufacturing process with leading brands in the fields of industrial specialty, screen, digital, inkjet and 3D technology print solutions.
In late September 2017, the first RMGT 10 Series Press powered by LED-UV curing and featuring a full suite of RMGT makeready and print quality technology, will be installed at VISOgraphic’s 40,000-sq.-ft. facility based here. When Chicago area commercial, digital and packaging printer VISOgraphic began its search for the new 40” offset printing press that would propel them through the growth spurt they are experiencing, the RMGT 10 Series really wasn't on its radar. However, after several meetings and visits to key RMGT customers in the Midwest, the decision to move ahead with RMGT was made by the VISOgraphic management team.
CannedWater4Kids (CW4K) and INX International Ink Co. have joined forces to send a rush delivery of drinking water to help in the Hurricane Harvey disaster relief efforts. A truckload of 52,800, 12-ounce cans of fresh, purified water is scheduled to arrive today at a Red Cross Distribution Center near Houston. Hurricane Harvey made landfall for the first time on August 25 and landed a devastating blow to the Gulf Coast of Texas. A multiple-day event, the Category 4 storm with 130 mph winds was the most powerful hurricane to hit the US in more than a decade. Damage caused by the high winds, torrential rains and record flooding displaced more than 30,000 people and prompted more than 17,000 rescues.
Due to the unprecedented impact and devastation in the wake of Hurricane Harvey, several of Sun Chemical’s feedstock suppliers have announced a force majeure and many other raw materials suppliers are reviewing allocations. While the volatility of the supplier markets is unknown at this point, the inks and pigments markets will be affected. Sun Chemical is committed to working closely with its suppliers to assess global ramifications, develop needed contingency plans, and to notify customers of potential delays or issues.
Sappi Limited, a leading producer and supplier of diversified paper and packaging products, will be showing its full range of speciality and packaging grades at the 2017 Pack Expo Las Vegas September 25-27, 2017. Sappi is committed to offering customers high-quality, innovative and sustainable specialty products and solutions via its robust global network. "We are experts in what we do and a reliable partner when it comes to challenging packaging solutions as well as the manufacturing processes for these types of packaging,” said Mark Odgers, Director of Packaging, Sappi North America. “In light of the high investment levels and significant amount of work that Sappi has put into packaging and speciality papers, we’re excited to share our full product line and what’s next for us at Pack Expo. We are delighted to invite all visitors to stop by to discuss their specific requirements with us."
Stora Enso’s consumer insights show that customers value packaging that is easy to use and that protects the freshness of their groceries. 6 out of 7 customers say that the single most important thing is that the packaging keeps the products fresh. What else is important to them?
The editors of Graphic Design USA invite you to join the thousands of creative professionals who have been recognized by this national design competition for five decades. The competition is open to everyone in the community: advertising agencies, design firms, corporate, institutional and publishing inhouse departments, and more. It honors outstanding new work of all kinds: print, packaging, p-o-p, internet, interactive, video and more. Winners receive an embossed Certificate of Excellence for each piece selected and are eligible for reproduction in the 54th Anniversary GDUSA Awards Annual in print, online, digital and mobile – seen by over 100,000 colleagues and clients each year. The featured category: Creative Use of Stock sponsored by Adobe Stock.
Oil prices steadied on Friday after almost a week of sharp rises as Hurricane Irma, one of the most powerful storms in a century, drove towards Florida after tearing through the Caribbean. Irma is the second major hurricane to approach the United States in two weeks and has already killed 14, flattening whole islands. Its predecessor, Harvey, shut a quarter of U.S. refineries and 8 percent of U.S. oil production. “Hurricanes can have a lasting effect on refinery and industry demand,” said Eugen Weinberg, head of commodities research at Commerzbank in Frankfurt. “The impact of the forces of nature on U.S. oil production should not be overestimated – nor should their impact on demand be underestimated.”