JANUARY 1 – SEPTEMBER 30, 2017 (compared with the year-earlier period, continuing operations): •Net sales increased 9% to SEK 12,422m (11,434) •Adjusted EBITDA improved 10% to SEK 2,683m (2,443) •The adjusted EBITDA margin was 21.6% (21.4) •Adjusted operating profit was SEK 1,838m (1,616) •Operating profit totaled SEK 1,725m (1,739) •Net profit for the period totaled SEK 1,278m (1,358). Click Read More below for additional information.
Tetra Pak has today launched the Tetra Fino® Aseptic 100 Ultra MiM, a new package that offers an opportunity for customers to produce liquid dairy and juice drinks using their existing production processes, and market them as ice creams and frozen products. The new package allows dairy and juice drinks to be produced and distributed in small carton pouches at room temperature, and subsequently turned into frozen products in shops or in a consumer’s home. This means producers can tap into the $72bn1 global ice cream market without the need for additional investment in production equipment and chilled distribution system. Want Want, a leading food company in China, is the first company to trial this product. Click Read More below for additional information.
The Georgia Minority Supplier Development Council (GMSDC) recognized supplier diversity champions at the 35th Spirit of Alliance Awards, held on August 25, at the Atlanta Marriott Marquis hotel. The Spirit of Alliance Gala honors the corporations, Minority Business Enterprises (MBEs) and supplier diversity advocates that are setting the standard for small business development and creating opportunities for minority-owned businesses in Georgia. The Spirit of Alliance Awards honors corporations', Minority Business Enterprises (MBEs) and supplier diversity advocates that are setting the standard for small business development and creating opportunities for minority-owned businesses in Georgia. Click Read More below for additional information.
Please be advised we plan to increase the price of our 30# (48.8 gsm.) standard newsprint by $30.00 per metric ton. This increase will go into effect in two stages; $15.00 on December 1, 2017 and $15.00 on January 1, 2018. Prices for other newsprint basis weights will increase proportionally as per past practices.
Due to rising costs pulp, raw materials and transportation, Moorim announces a $2.00/cwt increase on all C1S label basis weights in both sheets and rolls, effective from orders received on and after November 1, 2017.
Wisconsin has lost about one-third of its paper mills in the last two decades. More companies are nearly bankrupt or are exploring the possibility of selling their mills. This fall, Industrial Assets Corp., a Los Angeles-based used machinery dealer, bought the Appleton Coated paper mill in Combined Locks, Wisconsin. In addition, Verso Corp. formed a committee to explore the potential sale of some of its mills. The company operates mills in both Duluth and Stevens Point. Jeff Landin, president of the Wisconsin Paper Council, said Wisconsin’s paper industry is doing well overall, but some mills are struggling. "You’ve seen some of that in the Appleton Coated issue where they’ve gone through receivership, but it’s really a byproduct of what they produce. It’s the coated paper market that’s challenged," he said. But, Landin said tissue, packaging and specialty papers make up more than 90 percent of products in Wisconsin’s paper industry. Click Read More below for additional information.
Oil started the week off with mixed readings after last week’s nearly 5% rise as investor sentiment in black gold continued to be buoyed by hopes of extension to the OPEC-led deal to curb production. U.S. crude showed cautious trade around the unchanged mark Monday with the benchmark unable to hold the $54 mark, though the London barrel managed to extend gains. The U.S. West Texas Intermediate crude December contract slipped 2 cents, or 0.04%, to $53.88 a barrel by 5:12AM ET (9:12GMT). Click Read More below for additional information.
Expecting shipping volume to jump 5% this holiday season, UPS is on track to shatter its holiday shipping records. The carrier plans to deliver more than 750 million packages globally in the 25 days between Thanksgiving and New Year’s Eve. This volume is approximately 5% above last year’s holiday peak shipping season volume. During 17 of these 25 days, UPS expects to deliver more than 30 million packages. To ensure it can get packages into recipients’ hands in a timely manner, the company is launching UPS Saturday Ground, a service that features five additional ground pickup and delivery days between Thanksgiving and Christmas. This service will add approximately 6,000 permanent, year-round jobs when fully implemented. Click Read More below for additional information.
Nosco Inc., a subsidiary of Holden Industries, has announced that it has acquired Gooding Company, a New York-based insert and outsert manufacturer with over 141 years of printing experience. Through the acquisition of Gooding, Nosco will add an additional manufacturing facility on the East Coast that will help reduce lead times, lower packaging costs and provide an expanded portfolio of folded literature. Gooding was established in 1876 in Lockport, N.Y. In 1990, the company was sold to current president, Jerry Hace. Under Hace's leadership, the company began focusing on enclosures for the medical and pharmaceutical industries, in addition to other markets. Click Read More below for additional information.
Smurfit Kappa is now working with 70% of leading European e-retail brands, the packaging solutions company said today as it announced the new name for its e-retail offering – eSmart. This is the culmination of years of experience helping e-retailers optimise opportunities in the online sales space. eSmart guides companies through 12 key areas relating to the optimisation of e-retail processes, supply chain efficiency and delivering a superior consumer experience. Edwin Goffard, COO Corrugated Europe, says: “As online sales grow and consumer expectations evolve in an increasingly digitalised world, the pressure is on for brand owners and e-retailers to stand out from the crowd. Packaging plays a vital role in helping businesses grow profitably, manage supply chain complexity, and deliver the right brand experience.” Click Read More below for additional information.