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.