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.