National Average Price for Regular – Current: $2.477; Month Ago: $2.499; Year Ago: $2.316. National Average Price for Diesel – Current: $2.853; Month Ago: $2.840; Year Ago: $2.486.
American Dollar to Canadian Dollar = 0.797022; American Dollar to Chinese Yuan = 0.153658; American Dollar to Euro = 1.199276; American Dollar to Japanese Yen = 0.008886; American Dollar to Mexican Peso = 0.050730.
Futures are up more than 11 percent in 2017, having entered a bull market in September. The year’s gains were driven by output cuts by the Organization of Petroleum Exporting Countries and Russia, along with geopolitical tensions in the Middle East and pipeline disruptions from the North Sea to Canada and Libya. In 2018, investors will watch whether the price recovery triggers a new flood of U.S. output. “The current highs are unsustainable in the short-to-medium term, with prices likely to head back below $60 once we get past January, but for now the season of goodwill appears to be in full swing,” said analysts led by Michael dei-Michei at consultants JBC Energy GmbH in Vienna. Click Read More below for additional information.
Sawlog prices were up in most regions of the world in the 3Q/17. The price increases from the 2Q/17 were generally smaller in local currencies than in US dollar terms because of the weakening US dollar. In US dollar terms, quarter-to-quarter prices were up the most in Europe (+7.9%) and Oceania (+6.1%), while the upward price adjustments were more modest in North America (+2.8%) and Latin America (+2.2%). The Global Sawlog Price Index (GSPI) has gone up for three consecutive quarters to reach $75.69/m3 in the 3Q/17. The increase of 5.1% from the 2Q/17 was the biggest quarter-to-quarter jump since 2010. In addition, the GSPI is at a three-year high because of the recent strengthening of sawlog prices throughout the world. With the outlook for continued strong demand for lumber in key markets and higher consumption of sawlogs, it is likely that the price index will continue upward in the coming quarters. Click Read More below for additional information.
While holiday unit sales of print books got off to a slow start Thanksgiving weekend, they ended on a strong note. Print unit sales increased 7% in the week ended Dec. 24, 2017, over the comparable week in 2016 at outlets that report to NPD BookScan. The gain was driven by the retail and club channel, where unit sales were 8% higher than the week ended Dec. 25, 2016. Sales through mass merchandisers fell 2% in the week compared to 2016. Juvenile nonfiction had the strongest gain among the major book segments, with units up 19% over 2016. Rob Elliott’s Laugh-Out-Loud Jokes for Kids was #1 on the category bestseller list, selling more than 33,000 copies. Star Wars: The Last Jedi: The Visual Dictionary by Pablo Hidalgo moved up the list in the week, selling almost 25,000 copies, which put it in fourth place on the segment bestseller list. Click Read More below for additional information.
Faced with dramatic increases in the cost of Azo intermediates and related raw materials, Sun Chemical Performance Pigments will raise its global prices on Azo pigments, specialty pigments and their pigment preparations, effective January 1, 2018. “The cost of Azo intermediates and other key raw materials have increased significantly and continue to do so, impacting the pigment industry,” said Chris Weighill, Vice President and Global Classical Pigment Product Manager, Sun Chemical Performance Pigments. “The expectation is that there will be no short-term relief in sight for these rising costs—forcing us to increase our prices. While we regret the necessity to take this action, current market conditions dictate that we must adjust our prices. We will continue to explore other cost reduction opportunities and productivity gains to offset the rising costs of raw materials.”
Due to a massive shortage in silicones and silicone-based materials from manufacturers, Sun Chemical will increase prices by 35 percent on its entire silicone-based product line in North America, effective January 15, 2018. “Because of the silicone shortage we’re seeing in the industry, our suppliers have passed on price increases beyond anything we have seen in recent years,” said Dennis Sweet, Vice President-Commercial, Rycoline and Distributors, North American Inks, Sun Chemical. “While Sun Chemical has utilized all its resources to offset these shortages and increases, it has now become necessary to pass some of these increases on.”
Huhtamaki has completed the sale of the vacated manufacturing facility and related land usage rights in Guangzhou, China, as announced on April 21, 2017. Further, to conclude the consolidation of its foodservice packaging operations in South China, Huhtamaki closed down the manufacturing unit in Shandong, China, impacting app. 200 jobs. The product range manufactured in Shandong will in the future be sourced externally. In addition, to gain synergies from the recent acquisition of International Paper's foodservice packaging operations in China, comprising of manufacturing units in Tianjin and Shanghai, Huhtamaki has decided to consolidate its manufacturing operations in Tianjin into one unit. All manufacturing operations will be transferred to the unit acquired from IP. Employees currently working at the unit to be closed will be offered equivalent work opportunities at the continuing Tianjin unit. The transfer is expected to be completed by the end of the first quarter of 2018. Click Read More below for additional information.
International technology Group ANDRITZ has received an order from Dongguan Jianhui Paper to install three FibreFlow drum pulping systems at the mill in Dongguan, Guangdong Province, China. Start-up is scheduled for the second quarter of 2018. The scope of supply comprises a FibreFlow drum pulping system for the 300 bdt/d stock preparation line for the top ply, which uses ONP (Old Newspaper Pulp) as raw material. Two additional FibreFlow drum pulping systems will be installed for production of the filler ply in two parallel lines that process MOW (Mixed Office Waste) with a total capacity of 1,400 bdt/d. Click Read More below for additional information.
International technology Group ANDRITZ has received an order from Stora Enso Narew Sp. z.o.o., Poland, to supply an FRX shredder and a metal separator to the mill in Ostrołęka, Poland. The FRX shredder, which is part of the ANDRITZ Franssons product line, will process rejects from the pulping processes of two existing board production lines. Start-up of the new shredder, which will process around 60 tons of rejects per day, is scheduled for January 2018. The shredder will be installed upstream of the reject treatment system, which is part of the 455,000 tons per year board production line for which ANDRITZ also delivered the complete OCC line including reject treatment. Click Read More below for additional information.
West Texas Intermediate futures were little changed, having climbed above $60 a barrel on Tuesday for the first time since 2015. The pipeline, which carries crude to Libya’s biggest export terminal, is said to need about a week for repairs. The operator of the critical Forties Pipeline System in the North Sea lifted all restrictions on flows caused by a crack earlier this month. Libya’s production dropped to 950,000 barrels a day on Wednesday, a person directly involved in the matter said. Output was 1.08 million barrels a day as of Dec. 18, indicating a decline of 12 percent. Loadings at Es Sider port are said to be down about 50 percent. The port was scheduled to ship 13 cargoes this month, each carrying 600,000 barrels of crude, according to a loading plan obtained by Bloomberg. Click Read More below for additional information.
In 2017, Lollicup's Reifenhauser extruder, which produces plastic sheets from resin, became completely operational. By adding this machine, they were able to cut energy use by about 20 percent and improve production by 40 percent, allowing more products to be produced domestically. "The extruder is capable of making thicker, higher quality sheets of plastic," said Production Supervisor Ron Gonzales. "These sheets are used to form Karat® cups and lids." 2017 also saw the initial phases of a new manufacturing plant in Rockwall, Texas. The manufacturing plant is projected to be operational in 2018 and will allow Lollicup to produce more products, in addition to adding products to their Karat and Karat Earth™ lines. Click Read More below for additional information.
Brent and West Texas Intermediate crude futures both slipped after the U.S. benchmark rose 2.7 percent on Tuesday, breaching $60 a barrel for the first time since June 2015. A pipeline run by Waha Oil Company that carries crude to Libya’s Es Sider terminal exploded Tuesday, reducing output by 70,000-100,000 barrels a day. The repair work will take about a week, according to people familiar with the situation. Meanwhile, Saudi Arabia is said to expect oil revenue to jump about 80 percent by 2023 to help the kingdom record its first budget surplus in a decade. “The market is having a counter-reaction to the jump yesterday,” said Ole Hansen, head of commodity strategy at Saxo Bank A/S in Copenhagen. “It remains supported by the news out of Libya but at the same time liquidity is very poor.” Click Read More below for additional information.
KP Tissue Inc. announced that Mr. Mario Gosselin has decided to retire from his position as Chief Executive Officer of KP Tissue and Kruger Products L.P. as of March 8, 2018, and that Mr. Dino Bianco will succeed him. Mr. Gosselin began his career with Kruger Inc. almost 40 years ago and has held a number of senior positions with the group in both Canada and the U.K. Mr. Gosselin was appointed CEO of KPLP in October 2012. "Although Mario has achieved many accomplishments throughout his career, he will be remembered above all for his leadership, the successful implementation of many capital projects including the TAD Project in Memphis, the seamless transition to a public company and growing KPLP's sales from $923 million in 2012 to $1.2 billion in 2016. On behalf of the Board and of all the employees, I would like to sincerely thank Mario for his exceptional contributions," said Mr. Joseph Kruger II, Chairman of Kruger Products. Click Read More below for additional information.
Modular construction, using timber as a key element, is a credible solution to fast and sustainable house building. However, Metsä Wood believes that more needs to be done in terms of sharing knowledge and innovation in wood construction to further advance the use of this material in mainstream construction. In order to help facilitate this process, Metsä Wood has launched its Open Source Wood initiative at www.opensourcewood.com. Metsä Wood's Executive Vice President, Esa Kaikkonen, explains: "Not enough knowledge about modular wood design and building is shared, so wood construction remains niche. There is plenty of innovation but it is difficult to find, so Open Source Wood is our solution. We believe that with open collaboration the industry can achieve significant growth." Click Read More below for additional information.
Demand for imported softwood lumber to the US has fallen by six percent during the first nine months of 2017 as compared to the same period in 2016. In contrast, Chinese import volumes have been up 21% year-over-year. Demand for imported softwood lumber to the US has fallen by six percent during the first nine months of 2017 as compared to the same period in 2016. In contrast, Chinese import volumes have been up 21% year-over-year. The lumber trade in Europe has also picked up in 2017 with the United Kingdom, the Netherlands, Austria, Denmark and Spain having increased imports the most so far in 2017. Countries in the Middle East and North Africa, also known as the MENA countries, have sharply reduced consumption of lumber this year, reports the Wood Resource Quarterly (WRQ). In the first eight months of 2017, Egypt and Algeria (the two biggest lumber consumers in the region) have decreased their imports by 24% and 39% respectively as compared to the first eight months of 2016. Click Read More below for additional information.
Total European shipments of graphic papers in October 2017 were UP 0.2% vs. 2016 and were down 0.8% year-to-date. Total European shipments of newsprint in October 2017 were down 1.5% vs. 2016 and were down 3.3% year-to-date. Total European shipments of sc-magazine in October 2017 were down 6.8% vs. 2016 and were down 0.8% year-to-date. Total European shipments of coated mechanical reels in October 2017 were UP 6.1% vs. 2016 and were down 0.7% year-to-date. Total European shipments of uncoated mechanical in October 2017 were UP 3.1% vs. 2016 and were UP 2.3% year-to-date. Total European shipments of coated woodfree in October 2017 were down 0.9% vs. 2016 and were UP 1.1% year-to-date. Total European shipments of uncoated woodfree in October 2017 were UP 1.1% vs. 2016 and were down 0.7% year-to-date. Click Read More below for additional information.
Norpac will raise the price of its Norbrite grades by $35.00 per short ton effective with shipments/invoices on or after February 1, 2018. Specific grades affected by this change in pricing include: Norbrite 65; Norbrite 70; Norbrite 75; Norbrite Plus; Norbrite Offset; Norbrite Hybrid; Norbrite 92 Max; Norbrite Book Cream; Norbrite Book Blue White.
Futures were little changed in New York after gaining 2 percent last week. The number of U.S. rigs targeting oil remained unchanged at 747, Baker Hughes data showed Friday. A repair of the North Sea’s Forties Pipeline System is complete and pressure testing has started, operator Ineos Group said Monday. The halt of the line earlier this month sent prices surging. Oil is heading for a second yearly advance as the Organization of Petroleum Exporting Countries and its allies including Russia prolong supply curbs through the end of 2018. Iraq’s Oil Minister Jabbar Al-Luaibi said Monday that he’s optimistic prices will gain next year with global stockpiles falling and demand rising in China and India. Click Read More below for additional information.
Oji Holdings Corporation, a leader in the pulp and paper industry of Japan, decided to start-up a new containerboard machine at Paperboard & Packaging Sdn Bhd (GSPP) located in Malaysia. The company plans to commence the operation in April 2021. According to the announcement, by starting a new container manufacturing machine, Oji wants to be able to respond to the mentioned business, business and business expansion. The investment into 450ktpa machine accounts for around JPY 35 billion (including containerboard machine and equipment for energy supply and water treatment). The machine will produce liner, corrugating medium.
Unit sales of print books rose 3% in the week ended December 17, 2017, over the comparable period in 2016, at outlets that report to NPD BookScan. Last week was the first week that print unit sales were up over the comparable week in 2016 since the holiday selling season began during Thanksgiving week. The retail and club channel, which includes all bookstores plus Amazon, had a 5% increase in sales over the week ended December 18, 201, and with two weeks left to go in 2017, sales through that channel were up 3%. The mass merchandiser channel, however, continued to trend downward compared to last year. Last week, unit sales to mass merchandisers were down 9% compared to the similar week in 2016, and for the year to date, sales fell 8%. Click Read More below for additional information.
There’s a question that’s been asked since the early beginnings of digital communication over 30 years ago. That question has been the focus of many debates, discussions, articles and research papers, as well as arguments between billions of parents and their children all over the world. It’s preoccupied governments, academics, companies, organisations and brands, and will continue to do so for a long time to come. The question is simple: Is digital harming our health? The amount of digital information that’s being created, consumed and shared every day is staggering. In just one minute of an average day, Google receives over 4,000,000 search queries, YouTube users upload 72 hours of new video, Facebook users share 2,460,000 pieces of content, and Apple users download 48,000 apps. By the time you will have finished reading this article, those numbers will have increased further. All this content consumption brings with it a host of potential health issues for the user. Anxiety, depression, addiction, isolation, narcissism, all are becoming more and more common, particularly amongst the young. Click Read More below for additional information.
Effective with orders starting February 1, 2018 and later, Tekra, A Division of EIS, Inc. will increase prices on all products in our digital film line by 4-8%. This includes Dura-Go®, JetView™, Digi-Go™, DuraKote™ and ToneKote™ products. This increase is necessitated by inflation, rising operational costs, and raw material costs.
Effective January 2nd 2018, we will enact an across-the-board 5% price increase. This increase includes all Neo Star (and private labeled product): C2S gloss/silk text and cover, pro-digital C2S gloss/silk text and cover, KNIGHT C2S/C1S board grades, pro-digital KNIGHT C2S/C1S board grades, C1S label, and cast coated paper. We hope to continue our excellent relationship with our customers, and assure you our quality of service will reflect a similar increase.
Resolute Forest Products Inc. announced the closing of a transaction to acquire the 49 percent equity interest held by The New York Times Company in Donohue Malbaie Inc. for a cash purchase price in the amount of C$20 million. Resolute already owned 51 percent of the shares of Donohue Malbaie. Donohue Malbaie owns and operates a paper machine with an annual production capacity of 224,000 metric tons of newsprint in Clermont (Quebec). The Clermont operation, which employs 153 workers, also houses all the equipment that produces the thermomechanical pulp supplying the machine. With this transaction, Resolute becomes sole owner of the Clermont operation. Click Read More below for additional information.
According to the November 2017 Printing-Writing Monthly report from the American Forest & Paper Association, total printing-writing paper shipments decreased six percent in November compared to November 2016. Shipments of uncoated free sheet shipments remained flat while the remaining three major printing-writing grades declined year-over-year. Total printing-writing paper inventory levels increased less than one-half of one percent from October 2017. •November uncoated free sheet (UFS) paper shipments were flat year-over-year following year-over-year increases in two of the previous three months. •Shipments of coated free sheet (CFS) paper in November declined by a double-digit percentage for the second consecutive month. •Coated mechanical (CM) paper shipments declined year-over-year in November for the sixth consecutive month. •Exports of uncoated mechanical (UM) papers decreased 4% year-over-year in September, but reached second-highest level in the past 24 months. Click Read More below for additional information.
Ahlstrom-Munksjö taking the first step towards a potential capacity expansion plan at its Louveira plant in Brazil. “Demand for filtration media in South America is expected to continue to grow in the coming years and we clearly foresee the need to increase capacity in the future to support the growing demand for filtration media in the region” states Fulvio Capussotti, Executive Vice President of the Business Area Filtration & Performance. “The acquisition of this land constitutes an important steps towards our overall ambition to further develop an industrial platform in South America that will enable us to continue to support our filtration customers in the region for the years to come” he adds. Click Read More below for additional information.
National Average Price for Regular – Current: $2.436; Month Ago: $2.526; Year Ago: $2.270. National Average Price for Diesel – Current: $2.832; Month Ago: $2.837; Year Ago: $2.462.
American Dollar to Canadian Dollar = 0.786948; American Dollar to Chinese Yuan = 0.152087; American Dollar to Euro = 1.185357; American Dollar to Japanese Yen = 0.008821; American Dollar to Mexican Peso = 0.051324.
Fortress Paper Ltd. reports that its wholly owned subsidiary, Fortress Security Papers AG ("FSP"), has entered into and completed a share purchase agreement with the Swiss National Bank ("SNB") and Orell Füssli Holding AG ("OF"), pursuant to which the Company sold the two legal entities representing their security paper products business comprised of all of the shares of its wholly owned subsidiaries, Landqart AG and Landqart Management and Services AG, to SNB and OF for an aggregate purchase price of CHF21,500,000 (approximately CDN$28 million). With the sale of Landqart, Fortress Paper no longer operates in the security paper products segment. Click Read More below for additional information.
Rolling Stone, the magazine Jann Wenner started 50 years ago with a $7,500 loan from his family, closed a deal with Penske Media Corporation, sending Wenner Media's value to $100 million and giving PMC a controlling interest in the company. Wenner Media was previously valued at $50 million. The investment from PMC is within that same range, giving them a 51% stake. It is reported to rival what it paid for Fairchild's stable of titles in 2014. After rumors circled that PMC was the frontrunner in the bid for Wenner Media, the corporation closed the deal yesterday afternoon. Click Read More below for additional information.
Mondi Group has signed an agreement to acquire 100% of the outstanding shares in Powerflute Group Holdings Oy, a division of Nordic Packaging and Container Holdings, for a total consideration of €365 million on an enterprise value basis. Powerflute operates an integrated pulp and paper mill in Kuopio (Finland) with an annual production capacity of 285,000 tonnes of high-performance semi-chemical fluting. Powerflute’s premium semi-chemical fluting is sold to a diverse range of customers, primarily for packaging fresh fruit and vegetables, but also other end-uses such as electronics, chemicals and pharmaceuticals. Around half of the Company’s production is sold in Europe, while the remainder is exported globally. Click Read More below for additional information.
Christmas is round the corner. Time for us to head into town, to a Christmas market or to see the festive lights. But what city square would be complete without a Christmas tree? “These stunning trees, several meters tall and often over a hundred years old, are certainly special,” said Ben Gunneberg, CEO of PEFC International. “And thanks to PEFC certification, we can all rest assured that these giants come from sustainably managed forests that will produce such trees for generations to come.” Click Read More below for additional information.
Transcontinental Inc. announced that, effective April 2, 2018, TC Transcontinental will transfer to Hearst the printing operations of its Fremont, California facility where Hearst's San Francisco Chronicle — the largest newspaper in Northern California and the second largest on the West Coast — and its related products are printed, and post-press services are conducted. Under the terms of the agreement, TC Transcontinental will continue printing the newspaper in Fremont for a transition period. TC Transcontinental will receive a cash payment of US$42.8 million from Hearst as compensation for the early termination of the printing agreement, for the sale of some of its printing equipment, and for services to be rendered as part of a Transitional Service Agreement. The amount will be received mainly in 2017, and the balance in 2018. Click Read More below for additional information.
Informed Delivery users can now view images of their household’s incoming mail and manage their package deliveries, the Postal Service announced today. More than seven million Informed Delivery users who opt-in to receive email notifications can now view their mail in their daily digest emails and also see tracking information about the expected delivery of their packages. Also, users are able to track package deliveries, leave delivery instructions and schedule redelivery from the online Informed Delivery dashboard. Click Read More below for additional information.
Walgreens Boots Alliance, Inc. announces that it has entered into an agreement to reduce its stake in Guangzhou Pharmaceuticals Corporation, a pharmaceutical wholesaling joint venture in China, following an offer from its joint venture partner Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Subject to regulatory review and approval and other customary closing conditions, Walgreens Boots Alliance will sell a 30% interest in Guangzhou Pharmaceuticals Corporation to Guangzhou Baiyunshan Pharmaceutical Holdings that, following the proposed sale, would own 80%. Upon completion, Walgreens Boots Alliance will own a 20% interest in Guangzhou Pharmaceuticals Corporation and will continue to account for its remaining stake as an equity method investment.
Please be advised that Lecta will increase its prices by 4%, for new orders with a delivery date on and after January 18th, 2018. This increase is applicable on rolls and sheets of: Condat Gloss, Silk, Matte, Digital (Mill and private brands); Garda Gloss and Silk; Creator Star and Silk. Also please note, the upcharge for 60lb Text will be increased to $3.00 cwt in conjunction with the general price increase. All other differentials remain the same.
In the near future, certain uncoated groundwood paper products imported into the United States from Canada may be subjected to U.S. countervailing (CVD) and/or anti-dumping (AD) duties. These duties arise from petitions made by North Pacific Paper Company (NORPAC), a U.S.-based pulp and paper manufacturer, to the U.S. Department of Commerce and the U.S. International Trade Commission that allege Canada’s UGW paper exports are unfairly priced and/or that Canadian federal and provincial governments subsidize domestic producers – including Catalyst – thereby placing U.S. manufacturers of uncoated groundwood paper at an unfair disadvantage. I am writing to advise that Catalyst intends to implement price surcharges on our uncoated groundwood paper products we import into the USA that are subject to these CVD and AD duties. These surcharges will directly mirror the charges imposed on Catalyst by the U.S. Government. We will inform you of the level of Surcharge as soon as it becomes available. Click Read More below for additional information.
Canada’s lumber industry has been able to survive the impacts of preliminary duties, largely thanks to soaring lumber prices. While industry production will remain virtually flat this year, industry revenues are on pace to grow by 8 per cent, according to The Conference Board of Canada’s Canadian Industrial Outlook: Wood Products Manufacturing – Autumn 2017. “Lumber prices are at their highest levels in over a decade due to a perfect storm of factors, including supply constraints in B.C. from the wildfires this summer, and increased demand from a recovering U.S. housing market and rebuilding efforts in hurricane-affected regions,” said Michael Burt, Director, Industrial Trends, The Conference Board of Canada. “The surging lumber prices are providing a welcome relief from the costs of the lumber duties imposed by the U.S., but this is not likely to last.” Click Read More below for additional information.
Thermal Energy International, a global provider of industrial and institutional energy efficiency solutions, has been engaged by Resolute Forest Products to design, develop and implement an energy efficiency improvement and greenhouse gas reduction project. The $11-million project — which includes the installation of two Thermal Energy FLU-ACE Heat Recovery Systems and the conversion of the mill’s steam traps to Thermal Energy EM Steam Trap system — aims to meet the energy savings and greenhouse gas reduction goals of Resolute’s Thunder Bay, Ont., mill. Earlier this month, the Ontario government announced the project secured $5 million in funding from the Ontario Ministry of Research, Innovation and Science through the TargetGHG Industrial Demonstration Program administered by Ontario Centres of Excellence (OCE). Click Read More below for additional information.
The Board of Directors has appointed Hans Sohlström President and CEO of Ahlstrom-Munksjö, effective as of June 30, 2018, at the latest. Sohlström is currently the President and CEO of Ahlström Capital Group. Ahlstrom-Munksjö’s current President and CEO Jan Åström, (b. 1956), will retire from the position on June 30, 2018, at the latest. He has been the President and CEO of the company since its creation through the merger of Ahlstrom Corporation and Munksjö Oyj on April 1, 2017, and before that he was the President and CEO of Munksjö since 2008. Click Read More below for additional information.
Futures advanced 0.9 percent in New York. American crude inventories tumbled by 6.5 million barrels last week, more than double the average estimate in a Bloomberg survey. Exports surged by the most on record as domestic explorers sent cargoes to foreign shores where they fetched higher prices. “Crude inventories are just taking a nose-dive,” Matt Sallee, who helps manage $16 billion in oil-related assets at Tortoise Capital Advisors LLC, said by telephone. The price gap that’s making American oil more attractive to overseas buyers is “supporting pretty robust exports.” Yet, gasoline stockpiles rose for a sixth week and diesel supplies unexpectedly edged higher. Click Read More below for additional information.
FedEx Corp. reported earnings of $2.84 per diluted share ($3.18 per diluted share on an adjusted basis) for the second quarter ended November 30, compared to earnings of $2.59 per diluted share ($2.77 per diluted share on an adjusted basis) a year ago. Both as-reported and adjusted fiscal 2018 earnings reflect the estimated negative impact of the June 27 cyberattack affecting TNT Express ($0.31 per diluted share). This year’s and last year’s quarterly consolidated earnings have been adjusted for TNT Express integration expenses of $0.33 and $0.18 per diluted share, respectively. Click Read More below for additional information.
As an American friend said to me recently: “if you ain’t growing, you are shrinking”, and having given that rather asinine statement a decent amount of thought, I think that they may be right… In recent weeks, we have witnessed Time and Rolling Stone magazines change hands and getting new chunks of money, and today we are announcing that we are creating a new magazine for the European Airline Transavia France. And all of this comes on the back of the fact that we have never had a busier year both in terms of growth and advertisers flocking to our print magazines and digital products. We are all currently being bombarded by “commentators” and “journalists” saying that the print media business is over... but knowing what I know about media and travel media specifically, I think that is both a naïve and a false statement. We are currently seeing an average 3 – 5 % annual growth in passenger numbers across the airline world with some of our partners reporting increases as large as 9%. That more bums on seats and more people/eyeballs for our magazines. Click Read More below for additional information.
Oslo Byfogdembete (Oslo Bankruptcy Court) has on 19 December and 20 December 2017, appointed lawyer Tom Hugo Ottesen as bankruptcy trustee for the following companies: Norske Skogindustrier ASA Norske Treindustrier AS Norske Skog Holding AS Lysaker Invest AS Norske Skog Eiendom AS. In addition to the bankruptcy filing of Norske Skogindustrier ASA on 19 December 2017, the board of directors of Norske Treindustrier AS, Lysaker Invest AS, Norske Skog Eiendom AS and Norske Skog Holding AS have filed for bankruptcy at Oslo Byfogdembete (Oslo bankruptcy court) today, Wednesday 20 December 2017. The deadline for claims to the bankruptcy trustee is set to 23 January 2018. See the enclosed court order from Oslo Byfogdembete. Questions concerning the bankruptcy process and the bankruptcy estate must be addressed to the trustee.
On December 20, 2017, PaperWorks Industries, Inc. and certain of its affiliates (collectively, the "Company") and five (5) holders of the Company's 9.500% Senior Secured Notes due 2019 (the "Notes"), holding approximately 87% of the outstanding Notes (the "Ad Hoc Group"), entered into a restructuring support agreement (the "RSA") regarding a comprehensive financial restructuring of the Company's debt and equity structure. Among other things, the proposed restructuring will reduce the Company's long term debt by approximately $275 million, which represents approximately 70% of the Company's funded indebtedness, through a repayment of the Company's existing ABL credit facility and an exchange of the Notes for new debt and new common equity in the reorganized Company. Under the RSA, the Company's pro forma capital structure will consist of a $115 million post-restructuring financing facility, inclusive of $70 million of new capital back stopped by the Ad Hoc Group. Click Read More below for additional information.
For those in the magazine and catalog printing and publishing segments, the past year has been nothing short of dynamic. Although there has been considerable consolidation and downsizing, these trends have opened up doors to other possibilities that are being embraced by printers and publishers alike: niche publications are on the rise and catalogs have evolved to tell their own story. Traditionally, magazines were driven by mass-market titles that could appeal to a wide audience, David Pilcher, VP of sales and marketing at Freeport, Ohio-based Freeport Press, explains. The industry has recently seen a shift in the types of titles that are seeing the biggest growth, he says, and its niche titles that are leading the march into 2018. “This year, we’re seeing publishers offloading many of these big titles,” he says. “Some are calling it chaos. We don’t see it that way. We see a definite trend toward niche titles, with viable business models that take advantage of a more selective consumer base.” Click Read More below for additional information.
Transcontinental Inc., announces the sale of its 50% stake in CEDROM-SNi Inc., a Montréal-based firm specializing in digital media monitoring, to CNW Group Ltd., a Cision company delivering Canadian media intelligence and news distribution services. As part of this agreement, the founders of CEDROM-SNi are also selling their stake to CNW Group Ltd., which now becomes the sole owner. CEDROM-SNi's employees, totalling approximately 110 people, remain employed in Montréal and in the satellite offices of Québec City, Ottawa, Toronto and Paris. Nicole Guillot, Cision's President of Canada and Corporate Director of CNW Group Ltd., noted, "We are very proud to acquire CEDROM-SNi, a company whose product and service offering is among the best-performing in the industry and is complementary to ours. By joining forces, we will be able to offer our customers an enhanced and diversified offering that is perfectly aligned with Cision's global vision to be a leading provider of earned media software and services at the crossroads of public relations, digital and social marketing. We are pleased to welcome the talented employees of CEDROM-SNi who bring leading-edge expertise to Cision, in order to pursue our growth together." Click Read More below for additional information.
In August 2017, Trade publishers’ revenues (sales to bookstores, wholesalers, direct to consumer, online retailers, etc.) increased +1.0% compared to August 2016. For the year-to-date (Jan. – Aug. 2017) revenues were flat at 0.0%. AAP’s StatShot reports Trade Books in the categories of fiction books, non-fiction books and religious presses. The slight revenue increase in August 2017, compared to August 2016, came from growth in Childrens and Young Adult books (up +2.9%) and Religious Presses (up +7.8%). There was a slight decline in revenue in August and a -0.6% year-to-date decline for all tracked categories, which includes: Trade Books, PreK-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses. Click Read More below for additional information.
The Home Depot® announced that it has acquired The Company Store, a leading online retailer of textiles and home décor products, from Hanover Direct. The deal closed on December 19 and terms were not disclosed. In addition to its success as an online retailer, The Company Store has strong relationships and industry leading capabilities in the development and sourcing of high quality textiles across bedding, bath, and related categories. Founded in 1911, The Company Store has a rich history of providing products that are highly sought after by customers as they put the finishing touches on a room. Click Read More below for additional information.
On October 24, UPM announced plans to permanently close paper machine 5 at UPM Blandin in Minnesota, United States in response to overcapacities in the North American paper market. All related processes have now been completed, and paper machine 5 will be permanently closed latest on 30 December 2017. The closure will reduce the annual capacity of coated magazine paper by approximately 128,000 tons. The number of positions affected is 148. Paper production related to paper machine 6 will continue at the Blandin site. Click Read More below for additional information.
Due to industry wide inflationary conditions on nearly all raw material purchases, Ritrama Inc. is announcing a price increase averaging 5-7% for all film and paper products effective with shipments on or after January 1, 2018. The price increases being instituted are a reflection of the raw material inflation. We have been working closely with our suppliers both locally and globally to minimize the impact while maintaining both quality and constant supply. In addition, we have taken every precaution to control other operating costs in an effort to remain competitive in times of escalating costs. We will continue to drive productivity and cost reduction programs in order to support our mutual market competitiveness.
Due to continuous increase of manufacturing costs, effective with new orders entered for January production and warehouse orders with shipping on or after January 15th 2018, Burgo Group is increasing the transaction price of all Coated Freesheet Sheets grades by approximately 4%.
Please be advised that, effective with shipments February 1, 2018, the US transaction pricing from Catalyst Paper will increase by approximately 4% for the following products: Electrabrite; Electrabrite Book; Electrastar. This increase applies to all basis weights, finishes and brightness.
Total boxboard production decreased 0.4 percent when compared to November 2016 and decreased 2.0 percent from last month. Unbleached Kraft Boxboard production increased over the same month a year ago and increased compared to last month. Total Solid Bleached Boxboard & Liner production decreased when compared to November 2016 and was flat compared to last month. The production of Recycled Boxboard decreased compared to November 2016 and decreased when compared to last month.
Despite Indonesia's pulp and paper industry having experienced ups and downs, affected by challenges from both within and outside the country, one thing that is certain is that the industry's supply chain remains supportive of livelihoods and brings prosperity to communities in surrounding areas. Government data shows that the pulp and paper industry contributes 6.7 percent of national manufacturing industry gross domestic product (GDP) and last year, it contributed US$ 3.9 billion (non-oil export) to the country's exports. As part of this economic benefit, the government data shows that the industry has created jobs for 260 thousands direct jobs and 1.1 million indirect jobs throughout the value chain. The benefits of the industry's presence have also been felt by Sulaiman, who established his own company, Rifky Pratama Sanjaya, which supplies 200 tons of cocopeat per month to Riau Andalan Pulp and Paper (RAPP) – one of the biggest pulp and paper producers in Indonesia that uses technologically advanced and efficient processes. Click Read More below for additional information.
Brent crude prices steadied on Wednesday while WTI futures edged higher, supported by expectations of a fall in U.S. inventories and the continued outage of the North Sea Forties pipeline system. “The API is the reason why the energy complex is slightly up this morning,” said Tamas Varga, analyst with PVM Oil Associates. The American Petroleum Institute said on Tuesday that U.S. crude inventories fell by 5.2 million barrels in the week to Dec. 15 to 438.7 million. Click Read More below for additional information.
Crown Holdings, Inc. announced that it has entered into an agreement to acquire Signode Industrial Group Holdings (Bermuda) Ltd., a leading global provider of transit packaging systems and solutions, from The Carlyle Group, in a cash transaction valued at $3.91 billion subject to customary closing adjustments. The acquisition, which is subject to review by various competition authorities, is expected to close during the first quarter of 2018 and to significantly increase free cash flow. Debt financing has been fully committed in support of the transaction. With pro forma sales and adjusted EBITDA of $2.3 billion and $384 million, respectively, for the twelve months ended November 30, 2017, Signode is the world's leading supplier of transit packaging systems and solutions, which consist of strap, stretch and protective packaging consumables and the application equipment and tooling for each. Based in Glenview, Illinois, Signode's global footprint includes operations in 40 countries across 6 continents, with sales to customers in approximately 60 countries. Click Read More below for additional information.
Add another accolade to the trophy case in what has turned out to be a banner year for Mryna Blyth, Bob Love, and co. According to the latest data from market research firm GfK MRI, AARP The Magazine has overtaken People as America’s most-read print magazine. An estimated 38.3 million adults read the magazine over the reporting period—which ran from March to November, 2017—narrowly edging out People, which was read by an estimated 37.9 million adults, according to the data, down from 41.4 million a year ago. Click Read More below for additional information.
Working with smallholders is at the heart of our work. This is why group certification is an extremely important instrument in our forest certification toolbox. Our revised Group Certification standard is now up for public consultation, and we are asking you to share your insights and knowledge to help us further improve this important standard. Group certification is a mechanism through which groups of small-forest landholders can organize themselves, pool their resources and work together to achieve certification. This makes certification accessible for small-forest owners. The key to successful group certification is to balance the need for robust implementation of our requirements with the need to be as resource efficient as possible. Click Read More below for additional information.
UPS, which operates one of the largest commercial trucking fleets in the world, announced it has placed a reservation for 125 of Tesla’s new fully-electric Semi tractors. The new tractors will join UPS’s extensive alternative fuel and advanced technology vehicle fleet, comprised of trucks and tractors propelled by electricity, natural gas, propane and other non-traditional fuels. “For more than a century, UPS has led the industry in testing and implementing new technologies for more efficient fleet operations. We look forward to expanding further our commitment to fleet excellence with Tesla,” said Juan Perez, chief information and engineering officer. “These groundbreaking electric tractors are poised to usher in a new era in improved safety, reduced environmental impact, and reduced cost of ownership.” Click Read More below for additional information.
The consumer survey, “Print and Paper in a Digital World,” highlights interesting consumer trends on reading preferences and habits related to print vs digital. The recent Toluna survey commissioned by Two Sides showed that 62% of U.S. consumers between the ages of 18 to 55+ preferred to read books in print vs electronic devices, including 63% of the youngest age group (18 to 24 year-olds). Both groups strongly agreed (72-73%) that reading a printed book is more enjoyable than reading a book on an electronic device. Reading magazines showed a difference between the overall consumer response (66%) and the 18 to 24 year-olds (56%) although both still prefer print to digital. When asked if reading a printed magazine is more enjoyable than reading a magazine on an electronic device, the overall response was 73% and the younger group response was 66%. Click Read More below for additional information.
Around 170 guests attended the official inauguration of the new polyethylene (PE) coating plant at the consumer board mill in Beihai, China. Stora Enso has invested EUR 31 million in the PE coating plant, following its establishment in the Guangxi region in China as a response to increasing demand on the market. The plant has an annual capacity of 80 000 tonnes of PE coated products. PE coated board is suitable for products that require barrier against moisture, such as paper cups and food service packaging. Click Read More below for additional information.
Advocating for free and fair recovered fiber trade policies with China, American Forest & Paper Association (AF&PA) President and CEO Donna Harman announced the association’s filing of formal comments with the World Trade Organization (WTO) and Chinese authorities: “We believe China has violated their obligations under the WTO and will disrupt international trade and the global market for recovered fiber by their import limiting actions. Specifically, China has mischaracterized certain valuable raw material as ‘solid wastes,’ has taken action not proportional to its own regulation, is favoring its domestic industry over imports and has not provided enough time for U.S. operators to respond. We urge Chinese authorities to immediately engage with the U.S., other WTO member states and appropriate recovered fiber operators and address a number of concerns in order to ensure a free and fair global recycling system.”
With increasing demand in the printing industry for equipment that enables more frequent and faster job changes on press, Flint Group introduces a new, lightweight family of rotec® Sleeves and Bridges designed to increase press efficiency. The new rotec® product line provides the same proven polyurethane coating that is well-known for its durability and solvent resistance in a series of sleeves and adapters that are lighter and easier to handle. The rotec® Lightweight Premium Sleeve – a high performance, plate mounting sleeve offering weight savings up to 40% compared to similar premium sleeves – exhibits excellent dimensional stability for high printing speeds, making it particularly effective in the wide web printing sector. The key to its superior all-around performance is the combination of its light weight and ease of use coupled with the premium construction that provides added strength and stability. The sleeve is further enhanced with an aluminum end plate that seals the edges for extra protection against inks, cleaning liquids and humidity and provides optimum performance and longevity to the sleeve life. Click Read More below for additional information.
Lawyers for Newegg, Wayfair and Overstock petitioned the U.S. Supreme Court, requesting that it decline to review a South Dakota Supreme Court decision that would require larger online retailers to collect sales tax on purchases made in the state. Online retailers are asking the U.S. Supreme Court to decline review of a case that would require larger e-retailers to collect sales tax from South Dakota residents and pay it to the state. The South Dakota law would require out-of-state retailers that don’t have a physical presence in the state and generate least $100,000 in online sales or more than 200 transactions in the state to collect sales tax from South Dakota customers and then remit those taxes to the state. Click Read More below for additional information.
ModusLink Global Solutions™, Inc. and Steel Partners Holdings announced that ModusLink has completed the acquisition of privately-held IWCO Direct, a leading provider of data-driven direct marketing solutions, for $476 million in cash. Warren Lichtenstein, Executive Chairman of ModusLink, said, “We have been looking to acquire a profitable business with attractive operations and financials, and with a strong management team in order to leverage our approximately $2.1 billion in net operating loss carryforwards (NOLs) and cash. We found a great fit in IWCO Direct. We essentially double the size of our Company and add significant earnings and free cash flow. We add a market leader with industry-leading solutions, a client base consisting of Fortune 500 companies, and significant opportunities to drive both top- and bottom-line results. We intend to aggressively grow IWCO Direct, organically and through acquisitions, and will look to leverage Steel Partners’ vast relationships and resources to drive operational excellence and enhance stakeholder value.” Click Read More below for additional information.
Norske Skog's operations will continue to run as normal. For employees, suppliers and customers, there will be no change, it will be business as usual. The bankruptcy of Norske Skogindustrier ASA is financial and concerns mainly shareholders and bondholders of Norske Skogindustrier ASA. Oceanwood, the majority holder of the Senior Secured Notes (SSN), has started the process to enforce on the SSN collateral in Norske Skog AS. The ownership of Norske Skog AS, the parent company of all operating business units, will thus be transferred to new owners in an auction process. Oceanwood has entered into a joint venture (JV) with Aker in a bid to buy and operate Norske Skog AS. The JV is providing financial support to Norske Skog throughout the auction process. Click Read More below for additional information.
The board of Directors of Norske Skogindustrier ASA has decided to file for bankruptcy at Oslo skifterett (Oslo bankruptcy court) today, Tuesday 19 December 2017. The board's decision is unanimous and is due to the fact that there is no longer a realistic opportunity to achieve a voluntary recapitalization solution for the Norske Skog group. The group's largest secured creditor, Oceanwood Capital Management Ltd (Oceanwood), has informed the board that it is not willing to support any such solution. The group's operational activities will continue in Norske Skog AS as normal with as little impact as possible from the bankruptcy proceedings of the listed Norske Skogindustrier ASA. The non-listed Norske Skog AS will be the new operating parent company of the Norske Skog group, and will continue the head office function that has been performed by Norske Skogindustrier ASA. The board and management of Norske Skogindustrier ASA have over an extended period worked hard to achieve a consensual recapitalization of the Norske Skog group and thereby avoid bankruptcy proceedings for the parent company. This work was well advanced and had broad support from the capital structure in October and November 2017. The board's decision to file for bankruptcy is therefore made with great disappointment that this goal was not achieved, said Christen Sveaas, Chairman of the board of Norske Skogindustrier ASA. Click Read More below for additional information.
Futures rose 0.7 percent in New York after slipping 0.2 percent on Monday. Inventories probably lost 3 million barrels last week, according to a Bloomberg survey before Energy Information Administration data Wednesday. Nigerian oil workers suspended strike action and agreed to continue talks next month, while output from a Libyan field returned to normal after a power outage. Oil has rallied the past three months as the Organization of Petroleum Exporting Countries and its allies reduce supply to drain a global glut. The unprecedented cooperation among producers, which has now been extended until the end of 2018, has crude prices on their way to a second annual advance. Click Read More below for additional information.
Effective with all new and existing orders with confirmed delivery dates of January 15, 2018 or later, Verso Corporation is increasing the transaction price of all Coated Economy Freesheet Sheets and Sheeter Roll grades by 4% to 6%. This includes, but is not limited to: Anthem Plus® sheets/sheeter rolls, Blazer Digital® sheets/sheeter rolls. The increase applies to all basis weights, bulks, finishes and related private label grades.
Sappi North America announces a transactional price increase on new and unconfirmed orders that book with confirmed delivery dates on or after Monday, January 15, 2018 on the following products: A $2.00 per CWT US$/$2.56 per CWT CAD$ increase on: Flo Folio Sheets, Digital Sheets and Sheeter Rolls – all basis weights, all finishes, EuroArt Folio Sheets and Digital Sheets – all basis weights, all finishes. Standard differentials and upcharges apply. This price increase includes all private label programs.
Please be advised that effective with shipments on or after February 1, 2018, Resolute’s White Paper grades will increase by US$35/short ton. Products impacted by this price increase include, but are not limited to, the following: Ecopaque Offset, Ecopaque Laser; Equal (Offset & Book); Alternative (Opaque, Offset & Offset+); ResoluteSelect 75; ResoluteSelect 70, 65; ResoluteBook 75, 70, 65, 60 & ResoluteBook 70 Cream; Alternative Book, Alternative Book Cream; ResoluteSert Plus. The increase will be applicable to all basis weights and finishes, and all up charges apply.
Effective with all shipments on or after January 29, 2018, Nekoosa Coated Products will increase prices on the following carbonless paper and supplies: All carbonless sheets and rolls - 6% & All carbonless supplies - 6%
International technology Group ANDRITZ has successfully started up the MDF line II supplied to Panel Plus MDF Co. Ltd., based in Bangkok, Thailand, for its mill in Hat Yai. The pressurized refining and chip washing system supplied by ANDRITZ is the centerpiece of the line. It has a capacity of 30 bdmt/h and is characterized by low specific energy consumption as well as excellent reliability. The chip washing system using the ANDRITZ sedimentation technology is the first of its kind to be delivered to Thailand and will be used mainly for sand removal. The scope of supply also included a maintenance-friendly ANDRITZ C-Feeder that ensures minimum energy consumption, higher system stability, and longer refiner plate lifetime. Click Read More below for additional information.
Updated estimates show that the investment costs for BillerudKorsnäs' new board machine in Gruvön may increase by approximately 20 percent compared to previously announced investment cost of a total of SEK 5.7 billion. The increase of the investment is mainly due to higher costs for the construction work. The production on the new machine is still expected to start during the first quarter of 2019. "The cost increase is of course not good, and we have worked very hard throughout the project to keep the budget for the project. Unfortunately, we have had a difficult development on the construction side, which will lead to an increase of the investment. We are still seeing a strong development in the liquid packaging segment and other packaging materials that will be manufactured on the machine. We are convinced that we will be perfectly positioned to satisfy global demand in this market with this investment”, says Christer Simrén, BillerudKorsnäs, Senior Vice President and COO.
The optimism for the U.S. benchmark came after Baker Hughes BHGE, -1.08% reported that the number of active U.S. rigs drilling for oil was down 4 at 747 last week, breaking a three-week string of rising rig numbers. A drop in rigs implies a slowdown in drilling activity, which is usually boost oil prices. Brent also got a boost from the closure of North Sea Forties pipeline due to a power outage. “The outage of the North Sea’s most important oil and gas pipeline is continuing to lend support,” analysts at Commerzbank said in a note. Click Read More below for additional information.
The next generation of British authors could struggle to land a book deal after Brexit, according to the publisher who launched Harry Potter writer JK Rowling’s career. The UK’s close ties with Europe meant British publishers enjoyed a huge financial benefit from exploiting the exclusive English-language rights to books sold across the continent. However, US publishing companies such as Simon & Schuster believe Brexit will open the door to competition and break the cosy historical deals enjoyed by British publishers. Under such a scenario, British publishers will be forced to focus on keeping their star writers happy, potentially offering them more lucrative deals to keep European rights. As a result, financially pressured British publishers are likely to become more risk-averse in signing and promoting new and aspiring authors. Click Read More below for additional information.
Catalyst Paper today announced the appointment of Sean Krajnik as Vice President & General Manager of the Biron mill, effective January 2, 2018. Mr. Krajnik brings extensive experience in the pulp and paper industry to his new role. He has spent more than 20 years in the coated specialty papers segment working in progressively senior roles, including product development, quality management, technical services, and production and mill management. Most recently, Mr. Krajnik was the mill manager of a major Las Vegas-based tissue, paper and converting facility. Click Read More below for additional information.
At outlets that report to NPD BookScan, unit sales of print books were 4% lower in the week ended Dec. 10, 2017, than in the similar week in 2016. It was the third consecutive week this holiday season that sales were down from last year. The only major segment to post a unit increase in the week was juvenile nonfiction, which had a 5% gain over the week ended Dec. 11, 2016. First 100 Words by Roger Priddy was #1 on the category bestseller list, selling more than 21,000 copies in the week. Little Leaders: Bold Women in Black History by Vashti Harrison had a solid debut, selling more than 18,000 copies to land in fourth place on the category bestseller list. Unit sales in the juvenile fiction segment were 3% lower than in the similar week in 2016. Entries in Jeff Kinney’s Diary of a Wimpy Kid series were #1 in both 2016 and 2017; Double Down sold almost 118,000 copies in the week ended Dec. 11, 2016, and The Getaway sold about 107,000 copies in the most recent week in 2017. Click Read More below for additional information.
Solenis, a leading global producer of specialty chemicals, will increase prices for process chemicals and alkaline sizing products for the pulp and paper industry. Process chemicals will increase up to 25 percent effective immediately or as customer contracts allow. Alkaline and AKD sizing products will increase by 15 to 25 percent. These price increases are necessary due to the increase in certain raw material costs combined with a tightening overall global supply chain.
This week is expected to be the busiest week of the holiday mailing and shipping season for the Postal Service. The organization expects to process and deliver nearly 3 billion pieces of First-Class Mail, including greeting cards this week alone. The Postal Service also expects to deliver nearly 200 million packages each week from Dec. 11-24. The Postal Service anticipates delivering more than 15 billion total pieces of mail this holiday season. Between Thanksgiving and New Year’s Day, USPS expects to deliver more than 850 million packages, an increase of more than 10 percent compared to the same period last year. Click Read More below for additional information.
Domtar Corp. and others this week handed out some early Christmas presents to local teachers and students in the form of 40,000 books. And the teachers seemed to really appreciate it. “This is great,” says Shyrese Johnson, a pre-kindergarten teacher at Windings Springs Elementary in Charlotte. “It’s absolutely wonderful,” agrees Melissa White, a third-grade teacher at Fort Mill Elementary School. Both teachers were busy taking free books off the shelves at Classroom Central, a nonprofit in Charlotte that provides schools supplies for teachers and students. Domtar and First Book, another nonprofit, donated 40,000 books to teachers and students in Mecklenburg and York counties as a way to promote literacy, says Heather Alverson Stowe, Domtar corporate responsibility manager. Click Read More below for additional information.
The book manufacturing segment has come a long way since the doom and gloom days five years ago when many people questioned whether the printed book was in death mode due to the rise of ebooks. But, as we head into 2018, the demand for printed books is rising. And, with customer demands driving shorter runs and ultra-fast turnarounds, book printers are rising to the challenge of meeting those demands by continuing to invest in production inkjet and digital imaging technologies. New Disrupter: Amazon’s Turnaround SLAs: “It’s an exciting time to be in the industry,” says John Conley, CEO of Borderland Advisors, and a 42-year book manufacturing industry veteran with stints at RR Donnelley and then Xerox. What he is referring to is a new disrupter in the industry: Amazon same-day delivery, which he points out, will totally change today’s book publishing, manufacturing and distribution markets. Although it is unclear at this point exactly what the Service Level Agreement (SLA) will be, Conley does note that the supply chain requirement will create new profit models and opportunities for both publishers and printers.
With the New Year quickly approaching and thoughts of resolutions, FCL Graphics took this time to reflect on all of the changes 2017 had in store: the company added staff to its leadership team, expanded its direct mail, finishing and binding capabilities, as well as capacity. FCL also has a newly designed website. FCL Graphics is pleased to announce that Amy O’Brien and Donna Caldarulo have joined the FCL leadership team. O’Brien joined in late August as controller and Caldarulo joined in late November as VP, sales support. The company hired both O’Brien and Caldarulo to strengthen its business financially and operationally. Click Read More below for additional information.
Fourth Quarter Fiscal Year 2017 Financial Highlights • Adobe achieved record quarterly revenue of $2.01 billion in its fourth quarter of fiscal year 2017, which represents 25 percent year-over-year growth. • Diluted earnings per share was $1.00 on a GAAP-basis, and $1.26 on a non-GAAP basis. • Digital Media segment revenue was $1.39 billion, with Creative and Document Cloud achieving record quarterly revenue of $1.16 billion and $235 million, respectively. • Digital Media Annualized Recurring Revenue (“ARR”) grew to $5.23 billion exiting the quarter, a quarter-over-quarter increase of $359 million. • Adobe Experience Cloud achieved record revenue of $550 million, which represents 18 percent year-over-year growth. • Operating income grew 37 percent and net income grew 26 percent year-over-year on a GAAP-basis; operating income grew 37 percent and net income grew 39 percent year-over-year on a non-GAAP basis. Click Read More below for additional information.
National Average Price for Regular – Current: $2.447; Month Ago: $2.564; Year Ago: $2.229. National Average Price for Diesel – Current: $2.834; Month Ago: $2.834; Year Ago: $2.440.
American Dollar to Canadian Dollar = 0.782780; American Dollar to Chinese Yuan = 0.151320; American Dollar to Euro = 1.179860; American Dollar to Japanese Yen = 0.008915; American Dollar to Mexican Peso = 0.052188.
Futures rose 0.2 percent, leaving prices in London little changed on the week. They jumped above $65 for the first time since 2015 earlier on Tuesday after the Forties pipeline in the U.K. shut down because of a crack. Those gains were eroded as the International Energy Agency’s voiced doubts the market would fully rebalance in 2018, diverging from the view of OPEC. “It’s been volatile,” Torbjorn Kjus, analyst at DNB Bank ASA, said by phone. If the Forties pipeline is “out for a month, it should have a positive effect” on prices as 10 million barrels of oil supply could easily be lost to the market. Click Read More below for additional information.
Net sales for the first quarter were $31.12 billion, an increase of 13.3 percent from $27.47 billion during the first quarter last year. While this year’s twelve-week first quarter included one less sales day in the U.S. than the first quarter last year (due to the shift of the Thanksgiving holiday this year), pre-Thanksgiving and Black Friday/Holiday weekend sales fell into the first quarter this year compared to the second quarter last year. Combined, these factors produced an estimated net benefit of approximately 1.5% in the U.S., and slightly less worldwide. Click Read More below for additional information.
Time Inc. has reportedly reached an agreement to sell off Golf Magazine and its related assets to Howard Milstein, chairman of Emigrant Savings Bank. The deal was first reported by Golfweek senior writer Geoff Shackelford, citing “sources briefed on the sale.” Time Inc. has not confirmed the deal, and a spokeswoman tells Folio:, “The sales process for Golf is proceeding well and as soon as there are further developments we will share them.” Click Read More below for additional information.
Increased, incremental cost escalation forces Flint Group to raise the prices of its Packaging Inks products. Further to announcements made in March 2017, it has become clear that the raw material markets for many components within Flint Group’s Packaging Inks products have experienced price escalation. Many raw material markets remain highly volatile as 2017 comes to a close. Q3 2017 saw significant increases and supplementary rises have been announced for Q4 2017. Current forecasts indicate that the price pressure will not lessen as the industry moves into 2018. These unique cost burdens necessitate that Flint Group Packaging Inks raise prices globally as of 1 January 2018. Argumentation is discussed below and our sales representatives are currently in the market discussing the magnitude of increases for each customer and segment. Click Read More below for additional information.
At a contentious meeting Thursday morning, the FCC voted 3-2 to repeal net neutrality rules that prohibit broadband providers from blocking or throttling traffic, and from charging higher fees for prioritized delivery. The agency's controversial move also prohibits states from passing or enforcing their own broadband laws -- including, in the view of at least one Commissioner, privacy laws. The vote came during a session that lasted longer than 3 hours and was briefly interrupted by a security threat. Click Read More below for additional information.
Since its launch in 2015, Mondi’s SPLASHBAG has celebrated international success – and it does not stop here: its rain resistance has tripled to up to six hours and it now prevents moisture ingress for up to five days. “We have introduced a new industry standard here for paper bags to benefit our customers,” says Claudio Fedalto, Sales & Marketing Director, Mondi Industrial Bags. “Workers can now store their cement sacks in damp environments for a whole working week without worrying about the materials getting wet.” Click Read More below for additional information.
Sappi Limited, the South African based leading global supplier of dissolving wood pulp (DWP), speciality and packaging papers, printing (graphic) papers and biomaterials has confirmed plans and ongoing projects to significantly increase DWP capacity by 2020. In particular, Sappi has started preparatory work for the potential expansion of its Saiccor DWP Mill to ensure that the company would be in a position to increase the mill's capacity by up to 250,000tpa to meet strong projected demand growth. Building on the previously announced debottlenecking investments which will increase the Saiccor Mill capacity by 10,000tpa by the end of 2018, work has also started at increasing the chipping capacity and modernising the Saiccor Mill wood yard. The new equipment for the wood yard is scheduled to be delivered and installed at the end of 2018, with start-up planned for January 2019. The wood yard investments will result in cost, quality, environmental and efficiency benefits to the Saiccor Mill and is also a major step towards preparing the Saiccor Mill to expand by a further 250,000tpa. Click Read More below for additional information.
Fort Dearborn today announced that it has signed a definitive agreement to acquire NCL Graphic Specialties. The transaction is subject to the fulfillment of certain conditions and is expected to close by the end of the year. “As the largest cut and stack label supplier in North America, the acquisition of NCL would provide us additional capacity and would expand our footprint in the Midwest. The proposed acquisition would also enhance our product offering with promotional printing capabilities and enter us into the flexible packaging market,” said Fort Dearborn CEO Kevin Kwilinski. “With the anticipated addition of NCL, we’ll have an expanded breadth of products and services to better serve all of our customers.” Click Read More below for additional information.
Fiscal 2017 Highlights: Revenues decreased by $12.3 million, or 0.6%. Operating earnings increased by $89.2 million, from $212.8 million to $302.0 million. Adjusted operating earnings, which exclude restructuring and other costs (gains) and impairment of assets, increased by $9.9 million, from $283.4 million to $293.3 million, or 3.5%. Net earnings increased by $65.2 million, from $146.3 million to $211.5 million. Adjusted net earnings, which exclude restructuring and other costs (gains) and impairment of assets, net of related taxes, increased by $5.9 million, from $196.3 million to $202.2 million, or 3.0%. Maintained a solid financial position, with a net indebtedness ratio of 0.3x. Click Read More below for additional information.
As companies strive to move their customers towards digital communication, we examine whether this business decision is the right one for the consumer. It’s no secret that businesses and organisations prefer to communicate with their customers digitally. Whether it’s financial institutions sending statements via an app or utility companies emailing your latest bill, companies are keen to make every document for every customer digital. For businesses with thousands of customers, you can understand why. With no paper, print or postage, the relatively low cost of emailing or texting is a major factor, but so is the ease of automation and the collection of data that can be used to target other products or packaged up and sold. Companies have even begun to charge people to receive their communications by paper. Click Read More below for additional information.
UPM Raflatac is launching a new visual sample book to showcase its premium label materials for wine, spirits, and craft beverages. Designed in collaboration with a team from SGA Corporate & Packaging Design led by chief designer Giacomo Bersanetti, the book has been printed by leading Italian printing company Multi-Color Corporation (MCC). The book was inspired by the details and perspectives of the surfaces of the natural world, such as barks, petals, shells, and feathers. The sample book is designed to inspire, stimulate, and excite designers, brand owners, and wineries, providing them with a tool to help select the perfect label materials to showcase their high-quality products. It demonstrates how label designs and label materials can complement each other and showcases the huge range of visual possibilities offered by UPM Raflatac's solutions and expertise. Click Read More below for additional information.
Diva Art is a new one-side coated paperboard with an outstanding silk finish noteworthy for its printability and rich color reproduction in offset and digital printing, in addition to its perfect folding characteristics and exceptional resistance to cracking. Lecta's Diva Art paperboard offers outstanding finishing and converting properties, and is ideal for a wide range of end uses such as book covers, folders, labels, postcards and greeting cards, as well as packaging for cosmetics, perfumes, premium beverages and chocolates or confectionary. The Diva Art range is available in substances of 220, 250, 280, 300, 330 and 350 g/m2. Click Read More below for additional information.
Asia Pulp & Paper (APP) is pleased to announce that it has signed an agreement with the Singapore Environment Council (SEC) to commence with a pilot audit of one of its supplier concessions, an event that marks the commencement of the assessment process for the enhanced Singapore Green Labelling Scheme (SGLS) certification. The agreement was signed today by Sinar Mas Group Country President and APP Managing Director, Mr Bernard Tan. Under the agreement, the enhanced SGLS pilot audit will commence this month, with a full audit to follow. In accordance to the label’s enhanced criteria, APP will provide full disclosure of its supply chain, including those not involved in products sold to Singapore1, for the assessment. Click Read More below for additional information.
Oil prices eased back from session highs on Thursday after the International Energy Agency increased its forecast for U.S. oil output growth in 2018, raising the prospect of excess supply. The IEA raised its U.S. crude output growth forecast for 2018, saying it would climb by 870,000 barrels per day (bpd) compared with its November forecast of 790,000 bpd. With cash pouring into the U.S. shale oil industry, the United States is on track to deliver up to 80 percent of the world’s oil production gains through 2025, the IEA estimates. Click Read More below for additional information.
Eighteen state attorneys general on Wednesday asked the Federal Communications Commission to postpone a planned vote on net neutrality until investigators have weeded out fake comments submitted to the agency about its proposed rollback. "If the well of public comment has been poisoned by falsified submissions, the Commission may be unable to rely on public comments that would help it reach a legitimate conclusion to the rulemaking process," the law enforcement officials write. "Or, it must give less weight to the public comments submitted which also undermines the process." The FCC is scheduled to vote Thursday on a proposal to repeal net neutrality rules that prohibit broadband providers from blocking or throttling traffic and from creating paid fast lanes. The agency is expected to repeal the rules on a 3-2 party line vote.
Cherat Packaging Limited, the largest producer and supplier of packaging to the cement industry in Pakistan with a capacity of 600 million bags annually, has made over half a billion cement bags with Mondi’s Advantage Select sack kraft paper in more than 15 years of partnership. Working together exclusively with Mondi, Cherat Packaging switched production from three-ply to mainly two-ply bags, which has reshaped the market and allowed considerable material and cost savings without compromising strength or quality. The company has country-specific exclusive rights to use Mondi’s brown sack kraft paper to produce high quality cement bags and has bought only Mondi paper for it’s use since 2002. In industrial applications especially, the use of paper bags in primary packaging is gaining traction, thanks to their flexibility and high performance credentials. Having partnered with Mondi since 2002, Cherat Packaging Limited was looking for paper alternatives to satisfy its customers’ growing demand for strong, high quality cement bags. Click Read More below for additional information.
Norske Skog AS has appointed Evercore Partners International LLP (Evercore) to act as its financial adviser in connection with a sale of Norske Skog AS and its subsidiaries (the Norske Skog group's operating businesses) by way of a competitive sale process which will commence imminently. A range of bidders will be invited to participate in the competitive sale process. Norske Skog group's seven paper mills will continue as normal, and our customers, suppliers and other business partners will continue to receive high quality products and services from Norske Skog without interruption throughout the competitive sale process. Click Read More below for additional information.
The national forest certification system of Belarus has successfully achieved PEFC re-endorsement, confirming it continues to meet our globally recognized Sustainability Benchmarks. This re-endorsement also ensures that certified forest owners and companies in Belarus continue to benefit from the global acceptance of PEFC. The Republican Association of Forest Certification System, PEFC’s National member for Belarus, first achieved endorsement of its national system in 2010. Since then, almost nine million hectares of Belarusian forests have been PEFC-certified – equating to virtually all of the country’s forest area. Click Read More below for additional information.
Third Quarter Fiscal 2018 Highlights: •Net sales decreased 1.4% to $469.2 million; •Company comparable sales decreased 0.7% and reflect an estimated impact of approximately 100 basis points related to the hurricanes in Texas and Florida; •E-Commerce sales penetration reached 26%; Click Read More below for additional information.
Media pundits like to claim that the magazine industry is failing and that print is an antiquated medium. True or not, the “print is dead” drumbeat inevitably taints the perception media buyers have of print as a viable marketing mechanism. Linda Thomas Brooks, president and CEO of the Association of Magazine Media (MPA), argues that this tired rhetoric glosses over the reality, which is that print is one of the most effective ways to deeply engage consumers, build brand awareness, and sell products. During a presentation at DigiPub: Harnessing the Power of Data-Driven Print in November, Brooks shared third-party research on printed magazines, which reveal an alternative narrative. “We learned that magazine media works because it builds brand and sells product at the same time,” said Brooks. Marketers are beginning to reawaken to the value of print as well. The digital revolution made it easier than ever for brands to market directly to consumers, so in the past several years ad spend has gone toward direct marketing tactics, said Brooks. Click Read More below for additional information.
Transcontinental Inc.'s Media Sector, TC Media, announces the sale of 12 of its publications, as well as their related web properties, to Groupe Lexis Média inc., a company owned by Mr. Elie Akoury and Mr. Frédéric Couture, who will act as President. In total, 75 employees of these various publications and 16 employees from TC Media's Production team are transferred to Groupe Lexis Média inc. TC Transcontinental also concluded a multi-year agreement for the printing and distribution of all of these titles as well as for the printing of the magazines already owned by Lexis Média inc. With the completion of this transaction, 60% of the publications included in the sale process of TC Media's local and regional newspapers in Québec and Ontario, launched in April 2017, are now in the hands of local owners. The newspapers sold to Groupe Lexis Média inc. are: Le Citoyen Rouyn-Noranda, Le Citoyen de la Vallée-de-l'Or, L'Écho Abitibien and La Frontière, distributed in Abitibi-Témiscamingue; L'Action D'Autray, L'Action – Wednesday Edition, L'Action – Weekend Edition, L'Express Montcalm and Hebdo Rive-Nord, in Lanaudière; Le Bulletin, La Petite-Nation and La Revue, in Outaouais. Click Read More below for additional information.
Please be advised that effective with shipments on or after January 12, 2018, Twin Rivers Paper Company will be implementing a US $50.00/ton price increase on all Packaging, Technical, and Label grades.
Please be advised that effective with shipments on or after January 15, 2018, Twin Rivers Paper Company will be implementing a US $40.00/ton price increase on our publishing papers, including: • Freesheet: Snowbrite Opaque, Custom Brite, Custom Plus, Custom Supreme, Twin Rivers Opaque, Twin Rivers Offset, Pharmopaque, Snowbrite Pharm, Pharm Brite 92 and all private label grades • Hybrid: Border Brite, Bridge Opaque, Bridge Supreme, Frontier Opaque, Frontier Supreme, Frabrite 76, all tablet/converting products and all private label grades.
International technology Group ANDRITZ has received an order from the Turkish Albayrak Group to deliver a new stock preparation line with a design capacity of 1,000 bdmt/d for its Varaka paper mill in Balikesir, Western Turkey. ANDRITZ will also supply the main components in the approach flow systems for the top layer of PM 2. Start-up is scheduled for summer 2018. Varaka will reinstall and rebuild the PM 2, which currently is a second-hand newsprint paper machine, into a modern brown packaging paper machine. After full conversion, the PM2 will have an annual production capacity of over 300,000 tons, with a design speed of 1,200 m/min and a paper width at reel of 6,500 mm. The machine will produce corrugating medium, imitation kraft papers, and white top testliner with a basis weight range of 90-175 gsm for the production of containerboard. The raw material is OCC and mixed waste paper for the new line, and stock from the existing DIP line for the top layer of white top testliner grades. Click Read More below for additional information.
Cascades Inc. is pleased to announce that it received the Tissue – Innovation Award for its Cascades Fluff & Tuff™ brand at the 9 th edition of the Pulp & Paper International Awards, which took place in Brussels on November 29. Cascades Tissue Group launched the national brand on March 14, 2017 . "We launched a line of toilet paper and paper towels that is among the softest and strongest on the market, while maintaining all of the green properties our products are known for. Our objective was simple, to offer consumers the comfort and performance they're looking for in a product, while also protecting the environment. We wanted our new and improved products to become the brand of choice for more and more families across the country, and we are achieving this goal. Convincing the industry of the innovative value of products and winning over consumers in a matter of months was a considerable but worthwhile challenge," said Jean Jobin , President and Chief Operating Officer of Cascades Tissue Group. Click Read More below for additional information.
Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets. Britain’s biggest pipeline from its North Sea oil and gas fields is likely to be shut for several weeks for repairs. On Wednesday morning, its operator said it was still considering repair options and reiterated that any repairs would take several weeks. Click Read More below for additional information.
Barnes & Noble, Inc. announced that it donated $450,000 worth of products to the Marine Toys for Tots Foundation in both New York City and Reno, NV, to go to underprivileged families. The combined donation includes a handpicked selection of books, puzzles, plush toys, board games, electronic games, infant toys and many more fun and educational toys and games. “Barnes & Noble has always been committed to the communities it serves, and this year we’re proud to announce our significant donation to the Toys for Tots Foundation,” said Demos Parneros, Chief Executive Officer at Barnes & Noble, Inc. “The holiday season can be a tough time for families in need and we sincerely hope that this donation makes the holidays a little happier for those who need help.” Click Read More below for additional information.
WestRock Company announced that it has entered into agreements to acquire substantially all of the assets of Plymouth Packaging, Inc. (“Plymouth”). Plymouth is a corrugated packaging company that derives approximately 70% of its sales from its “Box on Demand” systems and corrugated fanfold, and 30% from traditional corrugated box packaging. Plymouth’s market-leading “Box on Demand” systems are located on the customer’s site and use fanfold corrugated to produce custom, on-demand corrugated packaging that is accurately sized for any product type according to the customer’s specifications. Fanfold corrugated is continuous corrugated board, folded periodically to form an accordion-like stack of corrugated material. Plymouth installs “Box on Demand” machines on its customers’ sites under multi-year exclusive agreements for the fanfold corrugated supply. Click Read More below for additional information.
American Forest & Paper Association (AF&PA) President and CEO Donna Harman issued the following statement regarding the Environmental Protection Agency’s (EPA) decision to retain federal Human Health Water Quality standards for the state of Maine. The Department of Justice stated EPA’s position in its filing with the U.S. District Court in Maine on Friday, Dec. 8. “We are disappointed in the EPA’s move to retain the fundamentally flawed approach to federal Human Health Water Quality Standards final rule in a state known for consistently applying stringent, conservative standards to protect all of its waters. EPA’s action overrides the state’s protective water quality standards, ignores sound science, is legally unsound, and could result in extremely high costs with negligible benefit. We will continue to advocate for fact and data-driven public policy that respects the role of the states in our regulatory system and does more good than harm.”
Brent crude oil prices spiked to the highest level in 2½ years on Monday on news that a major pipeline in the U.K.'s North Sea will shut down for repairs. The Forties pipeline system will close for several weeks while its operator, INEOS, repairs a crack in a pipe discovered last week. The pipeline carries about 450,000 barrels a day of Forties crude from offshore fields in the North Sea to a processing plant in Scotland. Click Read More below for additional information.
Boise Paper announced three winners in the 2017 Give the Gift of Box Tops Sweepstakes. Waterford Montessori Academy of Waterford, MI; St. Labre Indian Elementary School of Ashland, MT; and R.E. Baker Elementary School of Bentonville, AR, will each receive 10,000 Bonus Box Tops and 400 reams of paper to benefit their students and staff in 2018. “Our Give the Gift of Box Tops Sweepstakes is a fun way for us to engage and connect with local schools in the communities our customers and employees call home,” said Paul LeBlanc, vice president of Boise Paper. “We are proud to fulfill our Paper with Purpose promise by presenting these three schools with an unexpected gift this holiday season!” Click Read More below for additional information.
On 4 December Metsä Board, the leading European producer of premium fresh fibre paperboards, was named Champion of Packaging Printing, Paper Packaging, at the 29th Hong Kong Print Awards for its innovative SkinCare 2.0 gift box design. Created by Metsä Board’s packaging design team, the new improved SkinCare 2.0 gift box design demonstrates a more environmentally friendly design through the use of lighter weight paperboard materials and the elimination of the plastic wrap. In addition, each box offers a unique opening and reclosing experience. At the same time each carton has been designed for maximum runnability performance on automated packaging lines. Click Read More below for additional information.
The 22nd PEFC General Assembly closed with voices from the future, as countries actively developing national forest certification systems took to the floor. As has become the tradition during our General Assembly, representatives from countries that have or are not yet PEFC members were invited to speak. This year Croatia, Kenya, Myanmar, Philippines and Vietnam all seized the opportunity to share their views. “We are in the process of developing and formulating forest certification in the Philippines,” said Dr. Priscila Dolom, University of the Philippines. “We started in 2014 and have since formed our interim national governing body.” “A technical working group has crafted a forest certification standard and we’re working on a chain of custody standard based on PEFC requirements.” Click Read More below for additional information.
Idealliance expects commercial printing industry sales (all sources) to grow 1.5% to 3.0% in 2018, after growing approximately 1.0% in 2017. Where in that range the industry finishes will depend largely on the strength of the American economy which, in turn, will depend on the size and efficiency of the stimulus Washington delivers. A weak package will mean a finish toward the bottom of the range, and a strong package a finish toward the top. If Washington really comes through, we may have to do something we haven’t done in years: revise a forecast up. Print enters 2018 with sales of approximately $84.0 billion, 9.1% above the 2011 low, but still 14.6% below the 2007 pre-Great Recession level. Diversification continues. Participants in the Idealliance “State of the Industry, 15th Edition” report expect, on average, something other than printing (mailing, fulfillment, database management, marketing services, Web service, etc.) to provide 31.6% of their revenue in 2018, up from just 13.3% in 2012. Click Read More below for additional information.
SCA invests mSEK 196 in increased production of White-top kraftliner, packaging paper with a white surface, in the Munksund papermill in Piteå. Through this investment, the mill’s capacity to produce white kraftliner will increase from 150,000 tons to 200,000 tons per annum. The total production capacity will not increase as a result of the investment. The investment will affect the woodroom, where the pulpwood is debarked, and the pulpmill. The project will be finished and in operation in May 2019. "This is an important step in our development towards more value-added products in Munksund papermill", says Mats Nordlander, President Business Area Paper. "The demand is increasing for white kraftliner with excellent printing properties. Through this investment we increase the production of high-value products in Munksund and we can optimize the production of kraftliner in the Obbola papermill. Thereby we improve the competitiveness of both mills." Click Read More below for additional information.
Sonoco has awarded a gold-level Sonoco Sustainability Star Award to Interbake Foods of Front Royal, Va., a subsidiary of Weston Foods of Canada, for achieving zero waste to landfill status. Sonoco Recycling worked with Interbake on a new recycling program designed to maximize rebate, reduce costs and streamline recycling collection. Solid waste recycling was optimized through methods that made collection and processing more efficient, then supplemented with a waste-to-energy program that ultimately resulted in a landfill-free operation. “Interbake really worked smart as well as hard to achieve landfill-free status,” said Mike Pope, general manager and president, Sonoco Recycling. “They took a close look at their operations and found ways to increase efficiencies as well as rebates. Their program provides a great example how recycling isn’t just the right thing to do – it can be the best business decision as well.” Click Read More below for additional information.
The Company presented information during Investor Day that highlighted: •WestRock has the scale, differentiated strategy and the capabilities to generate attractive long-term returns for investors. •The Company expects to increase adjusted EBITDA margins in its corrugated packaging and consumer packaging segments and generate significant cash flow over the next several years, and to deploy its capital to high-return internal projects and acquisitions, and return increasing capital to stockholders. •WestRock has the opportunity to expand its margins and deploy its capital to grow adjusted EBITDA from $2.3 billion in fiscal year 2017, to more than $4 billion in fiscal year 2022. WestRock reiterated its fiscal 2018 guidance for revenue of at least $16.3 billion, adjusted segment EBITDA of more than $2.8 billion and adjusted operating cash flow of at least $2.3 billion. Click Read More below for additional information.
Futures fell 0.3% in New York after climbing 2.5 percent in the previous two sessions. Drillers boosted the rig count by two to 751, a three-month high, according to Baker Hughes data on Friday. OPEC-led output curbs may end earlier than scheduled if the market re-balances by June, Kuwait’s then-oil minister said Sunday. Oil is heading for a second yearly gain as the Organization of Petroleum Exporting Countries and its allies including Russia extend supply cuts through the end of 2018. The extension includes an agreement to review the cuts in June, raising questions of how OPEC will eventually phase out the reductions. Shale explorers have signaled they’re gearing up for a drilling surge next year as hedging rose for an eighth week to a record. Click Read More below for additional information.
The FSC International Board of Directors has approved the revised Trademark Standard FSC-STD-50-001 (V2-0) Requirements for use of the FSC trademarks by certificate holders. The revised standard will become effective on 1 March 2018. The standard specifies the requirements for use of the FSC trademarks on FSC-certified products, for promotion of FSC-certified products, and for promotion of the organization’s status as an FSC certificate holder. Adherence to this standard is mandatory for all FSC certificate holders that are eligible to use the FSC trademarks. This standard also forms the basis for evaluation and approval of all certificate holders’ uses of FSC trademarks. Click Read More below for additional information.
Baldwin Technology - a world leader in providing process automation solutions, consumables and services for the print, packaging, textile and corrugated industries - has acquired QuadTech Inc., from its parent company, Quad/Graphics. With this acquisition, Baldwin adds all of QuadTech’s highly regarded technology and strategic locations across the Americas, Europe, China, Japan and India. QuadTech is a global leader in the design and manufacture of control systems that help commercial, newspaper, packaging and publication gravure printers improve their performance and productivity. Headquartered in Sussex, Wis., QuadTech maintains a worldwide network of sales and service operations, and sells automated systems in more than 100 countries. Click Read More below for additional information.
At outlets that report to NPD BookScan, unit sales of print books were down 1% in the week ended Dec. 3, 2017, from the similar week in 2016. This was the second consecutive week in the holiday season that sales were lower than at the same time last year; the previous week saw a 2% decline from the similar week in 2016. The only major category in which sales rose was juvenile nonfiction: units were 5% higher than in the week ended Dec. 4, 2016. Harry Potter: A Journey Through a History of Magic by the British Library remained the category’s top seller, with more than 28,000 copies sold in the week. Among books that posted solid gains in the week were Laugh-Out-Loud Jokes by Rob Elliott, which sold more than 13,000 copies to land in fifth place on the category bestsellers list, and How to Draw 101 Animals by Dan Green, which was in sixth place with almost 13,000 copies sold. Both the adult categories had lower sales than in the similar week in 2016. Click Read More below for additional information.
Effective with all new and existing orders with confirmed delivery dates of January 15, 2018 or later, Verso Corporation is increasing the transaction price of all Uncoated Freesheet Grades by $2.00/cwt US ($2.55/cwt CAD), including but not limited to: Ideal Offset; Ideal Reply Card. The increase applies to all basis weights, bulks, finishes and related private label grades.
Verso Corporation and Sappi North America praised the decision of a World Trade Organization (WTO) dispute settlement panel, which upheld the imposition of antidumping and countervailing duties on imports from Indonesia. The decision, released yesterday, confirms that the U.S. acted consistently with its WTO obligations when it imposed countervailing duties of 17.93 percent and antidumping duties of 20.13 percent. Yesterday's decision means that countervailing duties that were imposed in November 2010 on certain types of coated paper from Indonesia will remain in effect. The Department of Commerce and the International Trade Commission determined in 2016 that the market situation warranted the continuation of the duties for an additional 5-year period. The paper products covered by the petitions include certain types of coated paper that use sheet-fed presses with a GE brightness rating of 80 or higher and weighing up to 340 grams per square meter. The papers are used in commercial printing to create magazines, books, direct mailing, and corporate collateral. Click Read More below for additional information.
UPM Biofuels was chosen as the Bioenergy Industry Leader at the 2017 Platts Global Energy Awards - often described as the Oscars of the energy industry. The competition was arranged by S&P Global Platts, the leading independent provider of market information and benchmark prices for commodities in the energy sector. UPM Biofuels was nominated for its wood-based low emission advanced UPM BioVerno biofuels, and its one-of-a-kind commercial scale biorefinery in Lappeenranta, Finland. The choice was made among energy companies from nearly 30 countries representing four continents, including some of the world's leading energy giants. Click Read More below for additional information.
National Average Price for Regular – Current: $2.474; Month Ago: $2.548; Year Ago: $2.198. National Average Price for Diesel – Current: $2.840; Month Ago: $2.802; Year Ago: $2.426.
American Dollar to Canadian Dollar = 0.778153; American Dollar to Chinese Yuan = 0.151037; American Dollar to Euro = 1.173959; American Dollar to Japanese Yen = 0.008810; American Dollar to Mexican Peso = 0.052808.
Futures climbed 1.4 percent in New York, paring this week’s loss to 1.5 percent. China’s crude oil imports rebounded from a one-year low to near a record amid signs the nation’s commercial stockpiles shrank by the most in almost eight years. U.S. crude output increased to a record last week, while motor fuel inventories rose more than double analysts’ forecasts, government data showed Wednesday. U.S. crude production expanded for a seventh week to 9.7 million barrels a day, the highest level in weekly data compiled by the Energy Information Administration since 1983. Gasoline inventories rose by 6.78 million barrels last week, the biggest gain since January. Click Read More below for additional information.
The United States International Trade Commission (ITC) ruled that the U.S. lumber industry is materially injured by Canadian government subsidies of their softwood lumber industry. Voting 4-0 in favor of the U.S. lumber industry, the ITC ruling follows a U.S. Department of Commerce determination that imports of softwood lumber from Canada are sold in the United States at less than fair value and subsidized by the government of Canada. "The U.S. Lumber Coalition fully supports the enforcement of America's trade laws. The evidence presented to the ITC was clear - the massive subsidies that the Canadian government provides to its lumber industry and the dumping of lumber products into the U.S. market by Canadian companies cause real harm to U.S. producers and workers," said U.S. Lumber Coalition Co-Chair and Co-President of Pleasant River Lumber Company, Jason Brochu. "Now, with a level playing field, the U.S. lumber industry, and the 350,000 hardworking men and women who support it, can have the chance to compete fairly." Click Read More below for additional information.
No stranger to setting trends, Sappi’s latest specialty paper portfolio development sees it unveiling a new collection for the fashion-forward shopper. Driven by consumer preference for sustainability, Sappi has designed a family of shopping bag grades that present a unique ‘one stop shop’ marketing solution using recyclable and renewable paper-based products. New grades launched by Sappi for its innovative shopping bag portfolio are Fashion® White and Fashion® White OF that feature high whiteness with natural and good printing surface in a wide range of virgin fibre grades and grammages between 70gsm and 130gsm. Fashion White is a premium white MF Bleached Kraft and Fashion White OF is a premium white MF Bleached Kraft without added OBA. Both uncoated, machine finished grades are ISEGA certified for direct food contact and DIN EN71 certified for toy safety. Click Read More below for additional information.
We herewith announce a price increase of 5 - 7 % for all our uncoated fine paper products. It will be implemented for deliveries starting from 2nd January 2018. This price increase is primarily caused by continuously increasing fibre input cost and general cost inflation.
In recent years, there has been an explosion of data breaches in the financial, business and health care sectors. This has made people everywhere sit up and take notice about where and how their important personal data is stored. It is not surprising then, that the recent Toluna survey commissioned by Two Sides revealed that 78% of U.S. respondents keep hard copies of important documents at home as they believe this is the safest and most secure way of storing their information. A similar number (76%) are increasingly concerned that personal information held electronically is at risk of being hacked, stolen, lost or damaged. For a taste of what these digital breaches can look like, check out a few examples covered in this blog. Millions of small businesses, households and patients are affected by data breaches every year. While moving from paper to digital records seems like it should save time and energy, the reverse can also be true. Click Read More below for additional information.
More details have emerged regarding the future of W magazine, a month after parent company Condé Nast announced it would reduce the frequency of the fashion magazine and a number of the company's other print titles. WWD is now reporting that W magazine is dropping from the 10 issues printed this year to eight “volumes” in 2018, as well as increasing its newsstand price to $9.99 an issue, up from $7.99. It is all part of the magazine’s effort to produce collectible, special issues. Click Read More below for additional information.
Finally, some good news on Appleton Coated. One of the shuttered paper mill’s machines is reportedly starting back up on Monday, and the mill is recalling 50 workers. Representatives for Industrial Assets, the mill’s new owner, declined comment on the reported restart. But some workers and the regional head of the United Steelworkers union say some employees got recall notices on Tuesday. “It’s a temporary thing. We’re hopeful,” said Michael Bolton, the Menasha-based director of United Steelworkers District 2, which covers Wisconsin and Michigan. “We agreed to a 90-day temporary operation," he said. "The new owner said he was going to try and sell this or get it going again. He’s living up to what he said. It’s better than seeing it sit idle.” The 50 recalled workers will join 38 employees who had been previously retained for mill maintenance, for a total of 88. Click Read More below for additional information.
Futures were little changed in New York after tumbling 2.9 percent Wednesday, the biggest daily drop since Oct. 6. Motor-fuel stockpiles rose by 6.78 million barrels last week for a fourth weekly advance, according to Energy Information Administration data. That’s more than double the most bearish estimate in a Bloomberg survey. U.S. oil output increased to a record. U.S. crude inventories fell by 5.61 million barrels last week, the EIA reported Wednesday. Oil production expanded for a seventh week to 9.7 million barrels a day, the highest level in weekly data compiled by the EIA since 1983. Click Read More below for additional information.
Retailers and consumers aren’t the only ones who think the holiday season is the “most wonderful time of the year.” With consumers stepping up the frequency of online shopping this holiday season, thieves are getting more brazen, and ready to pilfer home deliveries. And they have been honing their craft, as nearly one in five (19%) of homeowners in the United States were the victim of a package theft in the last year, according to a study from connected home security provider Ring. One in two homeowners (26%) receive a delivery at least once a week, and 24% receive packages multiple times a week. Yet, 73% of homeowners said carriers leave the deliveries on their front porch — in clear view of passers-by, especially criminals. Click Read More below for additional information.
PEFC invites stakeholders around the world to comment on the South African national forest certification system, following its submission to PEFC for endorsement. To give your feedback, head to our Online Consultation Tool. The South African Forestry Assurance Scheme (SAFAS) is one of our newest national members, joining earlier this year in May. This means it is the first time they have submitted their national system to PEFC for endorsement. Make your comments now! The deadline is 9 January 2018. Click Read More below for additional information.
It’s hard to believe that the 2017 Printing Impressions 400 ranking of the top printers in the U.S. and Canada, as ranked by annual sales volume, marks our 34th annual list. For more than three decades, our compilation has illustrated key industry trends and chronicled the ups and downs - and, in some cases, the demise due to M&A deals - of specific companies. Like past editions, the 2017 PI 400 reveals the current state and future direction of the printing industry, as well as several hot print market segments that remain ripe for further industry consolidation. For instance, the financial performance of the publicly held printing conglomerates that fill the top spots on the PI 400 has largely been flat. RR Donnelley, Quad/Graphics, LSC Communications, Cenveo, Transcontinental and Donnelley Financial Solutions all reported sales declines for their most recently completed fiscal years in comparison to their previous campaigns. Exceptions included Cimpress (Vistaprint), an online-only, Web-to-print specialist, and Multi-Color Corp., a label printer that acquired the label division of Constantia Flexibles for $1.3 billion in October. Click Read More below for additional information.
The 2,000th Speedmaster XL 106 recently left the production line in Wiesloch-Walldorf and is now being installed at Japanese customer Toyama Sugaki. With this, Heidelberger Druckmaschinen AG (Heidelberg) is celebrating another milestone for this Peak Performance class press. Packaging printer Toyama Sugaki, based in Toyama in Japan with 270 employees, is taking delivery of a seven-color Speedmaster XL 106 with coating unit and extended delivery. It specializes in packaging for the pharmaceutical and cosmetics industries. Toyama Sugaki likes the short makeready times, the perfect print quality, and the high production speed of the new press. The Speedmaster XL 106-7+L with anniversary cover on the printing unit will be inaugurated with a certificate on site by Heidelberg Japan and the customer. It will be the company’s second Heidelberg press alongside a Speedmaster SX 74-4-P-H chosen by the customer for its machine fleet. The Speedmaster XL 106 has proven itself in industrial commercial and packaging printers, label printers, and web-to-print printers, which like the wide range of configuration options in the 70x100 format class. Click Read More below for additional information.
The prestigious Portafolio Awards are held annually in Colombia to recognise people and companies who have demonstrated exemplary achievements in areas including the environment, customer service, business and social initiatives. A large group of companies, including some of the world’s leading brands, were gathered at the event along with the country’s president, Juan Manuel Santos. Alvaro Henao, CEO of Smurfit Kappa Colombia, said: “We are excited and proud to receive this award. It recognises Smurfit Kappa Group´s commitment to initiatives that help improve the environment and develop the communities in which we operate. “At Smurfit Kappa, we believe in sustainability in every fibre and this includes running our plants and mills in a sustainable way and being socially responsible.” Click Read More below for additional information.
UPM Raflatac is expanding its RafCycle® recycling solution to China. RafCycle services were launched in Changshu on December 6, 2017 during a customer event. RafCycle is also being promoted at Labelexpo Asia in Shanghai on December 5-8. Hangzhou Changli is also the 100th RafCycle partner globally.The number of RafCycle partners has grown increasingly over the years as sustainability has become one of the key drivers in the labeling industry. Today more than 10 000 tons of label liner waste is being recycled in Europe through the RafCycle program. UPM Raflatac is actively searching for new RafCycle partners and the expansion to China is an important step in this process. The paper liner waste generated by the RafCycle partners in China will be delivered to Hangzhou Fulun Ecology Technology Co., Ltd. where the paper liner waste can be recycled back into pulp and paper. Click Read More below for additional information.
Solenis, a leading global producer of specialty chemicals, will increase prices by seven percent on most (AKD) sizing products and all wet strength products across the North America region, effective immediately or as customer contracts allow. The price increase is necessary due to the increase in certain raw material costs combined with a tightening overall global supply chain. “We are unable to absorb the impact of the increased costs that we are currently experiencing but we will continue to work in partnership with our customers to help mitigate the increases,” said Jose Santolaya, global product director, Functional Chemicals, Pulp and Paper. Click Read More below for additional information.
Due to recent cost changes and market conditions French Paper is announcing our first price increase since 3-3-14, over three and a half years. This increase consists of $5/cwt for Glo-Tone and $4/cwt across all other grades, with equivalent changes made among envelope items. All changes will apply to orders placed after December 15th. Along with these pricing changes we have begun the discontinuation of our Mod-Tone grade and will sell remaining items as inventory is available.
Futures dropped 1.3 percent in New York after rising 0.3 percent on Tuesday. Motor-fuel inventories climbed by 9.2 million barrels last week, the American Petroleum Institute was said to report. That would be the biggest gain since January 2016 if replicated in government data due later on Wednesday. Nationwide crude stockpiles declined, according to the API data. “This bears all the hallmarks of a year-end lull in U.S. fuel demand, which in turn should help safeguard the current bout of range-bound trading,” said Stephen Brennock, an analyst at PVM Oil Associates Ltd. in London. Click Read More below for additional information.
Electronics For Imaging, Inc. has announced commercial availability of its newest launched printer, the EFI™ Pro 24f. First exhibited at the recent SGIA Expo, it is the only dedicated flatbed wide-format printer featuring EFI’s proven LED and variable drop grayscale head technologies. It provides precision imaging, fine detail and outstanding image quality for a broad range of applications. Wichita, Kansas-based customer Superior Signs & Engraving is the very first user for the printer. The printer’s premium quality imaging capabilities, with white ink included, and the high versatility and productivity of EFI’s “cool cure” LED technology, have vastly improved throughput and quality at the company. Click Read More below for additional information.
Great Place to Work and FORTUNE have named Old Navy one of the 2017 Best Workplaces for Diversity. The ranking considered more than 440,000 employee surveys from organizations in a wide range of industries across the U.S. Great Place to Work, a research and consulting firm, evaluated more than 50 elements of team members’ experience on the job. These included professional development, behaviors linked to innovation, leadership confidence and consistent treatment among employees of different backgrounds. The ranking also accounted for the share of women, people of color, Baby Boomers and LGBT individuals in the workplace. Old Navy was also named to the 2017 “Best Workplaces in Retail” list. Click Read More below for additional information.
Patagonia.com features a forceful push back at President Donald Trump’s move yesterday, in which he signed a proclamation that seeks to dramatically reduce the boundaries and management of Utah’s Bears Ears National Monument and Grand Staircase-Escalante National Monument. If put into effect, the revised boundaries would reduce the size of the 1.3-million-acre Bears Ears National Monument by 85% and cut Grand Staircase-Escalante’s 1.9 million acres in half. Recreational Equipment Inc., or REI, also made a forceful declaration, making a statement that declares: “Today we are witnessing an unprecedented attack on our public lands, despite more than 100 years of bipartisan work to protect this country’s parks, waters, mountains and forests.” Click Read More below for additional information.
Rejecting requests by lawmakers and advocates, the Federal Communications Commission says it will proceed with next week's scheduled vote on whether to repeal the net neutrality rules. On Monday, the City of New York and 40 advocacy groups urged the FCC to hold off on a vote until after a federal appellate court decides whether a different agency -- the Federal Trade Commission -- has authority to bring consumer protection cases against broadband providers. Also on Monday, a group of 28 U.S. senators, along with New York Attorney General Eric Schneiderman and FCC Commissioner Jessica Rosenworcel, urged publicly urged the FCC to hold off on a vote due to problems with the public commenting process. "While I fundamentally disagree with the merits of the FCC’s proposal, what is equally concerning is the lack of integrity to the FCC’s process that has led to this point," Rosenworcel stated. Click Read More below for additional information.
Allen Press, Inc. has upgraded its scholarly journal typesetting platform to Arbortext Publishing Engine Enterprise. The Arbortext Publishing Engine is a cloud-based system that provides the ability to intelligently pull XML and unstructured data from content management systems profile content for targeted audiences and variable deliverable types and automatically generate publications. In addition to the Arbortext Publishing Engine platform, Allen Press improved its workstation-class computers by installing the latest generation hardware and high-resolution video systems. “Upgrading to the Arbortext Publishing Engine helps us accomplish our mission of efficiently producing more jobs,” said Mark Kohlhase, Senior Director of Composition and Training. “This technology will allow Allen Press to enhance our typesetting automation processes, resulting in faster delivery and reduced publishing costs.” Click Read More below for additional information.
Novolex™ announced it has agreed to acquire certain assets and business operations of Shields Bag and Printing Co., a leading manufacturer of custom engineered flexible packaging products located in Yakima, WA. The transaction is expected to close near year end. Terms of the transaction have not been disclosed. Shields Bag and Printing Company was founded in 1935. The Shields family expanded their founder’s successful commercial printing business into flexible packaging in the 1960s. Today, Shields ranks among the leading North American producers of flexible packaging with substantial capabilities in the areas of blown film extrusion, printing, bag making and other converting processes. Shields’ core focus is providing custom engineered products to a diverse group of customers across a range of end-market segments, including building and construction, food and consumer, banking and security, lawn and garden, chemicals and energy, and general industrial. Click Read More below for additional information.
Representatives from nature conservation, tropical forestry and the forest industry have all be elected onto the PEFC International Board, following a unanimous vote by the PEFC General Assembly in the Helsinki, Finland. Alongside two returning Board members, Riikka Joukio (forest industry and processing) and Hervé Le Bouler (NGO), we are delighted to welcome two new board members: Gerald Pfiffinger (ENGO and conservation) and Mohd Nurudeen Iddrisu (tropical forestry). "We need forest certification in developing countries," said Dr. Iddrisu, following his acceptance onto the Board. "Now as part of the PEFC Board, I want to take it upon myself to reach out to my fellow ‘countrymen’ in the tropical countries in order to get certification into the national agenda." Click Read More below for additional information.
The Postal Regulatory Commission is proposing that publishers’ postal rates increase by an estimated average of 34% to 41% over the next five years. The postage increases would be lower than average for magazines that use co-mail and higher than average for less efficient mailers. The PRC announced its proposal to bail out the U.S. Postal Service with future rate hikes late Friday. The vote on a final version seems likely to occur in spring of 2018, giving mailers, the USPS, and other interested parties time to comment. The PRC’s 10th-anniversary review of the Postal Accountability and Enhancement Act (PAEA) concluded that the postal-reform legislation had met some of its goals – but not the one calling for stabilization of the Postal Service’s finances. As a result, the commissioners concluded, they must override the law’s inflation-based cap on most postal rates. Many mailers’ groups disagree with the PRC’s interpretation of the law, saying the agency must have Congress’s explicit approval to breach the price cap. A legal challenge to the PRC’s final plan seems likely, which could delay implementation until 2019. Click Read More below for additional information.
HIGHLIGHTS: • Revenue increased 6% to $452 million; +3% at constant currency • Adjusted EPS increased 32% to $1.03; +22% at constant currency. EPS on a GAAP basis at $1.04, up from ($0.20) • Free Cash Flow less Product Development Spending for six months improved by $38 million • Brian A. Napack named as President and CEO. “The second quarter was highlighted by the announcement of Brian Napack as our new President and CEO and Ella Balagula as our new EVP of Publishing. We also realized improved growth in Research, better than expected results in Publishing, and significant progress in our operational excellence initiatives,” said Matthew Kissner, Chairman. “This month, we celebrate 210 years of enabling many of the world’s advances in research and learning. While we are immensely proud of our legacy, we are just as energized by the opportunities ahead of us.” Click Read More below for additional information.
Meredith Corporation is pleased to announce that Martha Stewart Living has been named to Ad Age's Magazines of the Year list. Led by Editor-in-Chief Elizabeth Graves and VP/Group Publisher Daren Mazzucca, Martha Stewart Living has had a phenomenal year with both readers and advertisers. The brand debuted a magazine redesign with the October issue, revealing exclusive typography, fresh and enlarged imagery, and a number of new cross-platform franchises. The look is now modern and forward-thinking, yet still timeless, classic and always aiming to create trends rather than follow them. It's the Martha Stewart Living that millions of people love, but now even more. "It's truly an honor to be part of Ad Age's 'Magazines of the Year' list," says Graves. "It's exciting to build upon Martha's trusted expertise, take the brand to new heights, and have that recognized in the industry." Adds Mazzucca, "We have an incredible team, and I think we are only getting started." Click Read More below for additional information.
Meredith Corporation is pleased to announce that The Magnolia Journal has been named to Ad Age's "Magazines of the Year" list. In its first year on newsstands, The Magnolia Journal has showcased the monumental presence and impact of Chip and Joanna Gaines and their Magnolia brand. With only five quarterly issues published to date, this magazine's launch was one of if not the best in Meredith Corporation's 115-year history, raising its rate base to 1.2 million for the Spring 2018 issue. Click Read More below for additional information.
It’s been a rather tumultuous year for magazine media, to say the least. With so many consumers reading content on digital platforms, it appears that many publishers are reducing print frequencies or altogether shuttering print editions of magazines to focus on digital initiatives and cut costs. While most publishers seem to be drifting away from print, Bauer Media Group is doing just the opposite. In 2018, the media giant is not only continuing its print editions, but also increasing frequencies for four of its titles, with Life & Style slated to rise from 51 to 53 issues, and Closer, In Touch and Woman’s World from 52 to 53 issues. “Bauer earns a positive margin on every issue from single copy sales,” Bauer CEO Steven Kotok (pictured) tells Folio:. “So the more issues we publish, the more money we earn, unlike an ad-dependent model in which fewer ads each year are spread over the same number of issues.” Click Read More below for additional information.
The International Council of Forest and Paper Associations’ (ICFPA) launched its 2017 Sustainability Progress Report. It is the sixth biennial report highlighting ICFPA members’ progress on the sustainability commitments agreed upon in the 2006 CEO Leadership Statement on Sustainability. “We are proud to announce our global industry’s continuous progress, which represents our commitment to social and environmental aspects associated with forest management and the manufacture of forest-based products,” said ICFPA President Jane Molony. “We look forward to continuing to supply the growing global demand for sustainable products, including fuel, fiber and forest products, while moving towards a greener economy.” Click Read More below for additional information.
Oil steadied above $62 a barrel on Tuesday as expectations of a drop in U.S. crude inventories and prolonged supply curbs by OPEC and other producers countered rising output in the United States. An OPEC-led producer group last week extended a supply-cutting deal through 2018, but the resulting support for prices could bolster U.S. output which climbed to nearly 9.5 million barrels per day in September. An OPEC-led producer group last week extended a supply-cutting deal through 2018, but the resulting support for prices could bolster U.S. output which climbed to nearly 9.5 million barrels per day in September. Click Read More below for additional information.
In an interesting and potentially significant move for the scholarly publishing world, the U.S. District Court for the District of Nevada has granted a preliminary injunction against a major journal publisher and conference organizer in response to a complaint by the Federal Trade Commission (FTC). The injunction was granted on the basis of the Court’s analysis of evidence provided by the FTC and its finding that the FTC’s complaint, if allowed to proceed, “is likely to succeed on the merits” and that the public interest would be served by granting it. The FTC alleges that OMICS Group and its affiliates iMedPub LLC and Conference Series Ltd have engaged in a variety of “unfair and deceptive practices with respect to the publication of online academic journals and organization of scientific conferences,” including: •Falsely claiming to provide rigorous peer review of articles submitted for publication in their journals; •Claiming as “editors” individuals who never received manuscripts to review or edit, or who never even agreed to be appointed as editors — some of whom say that OMICS ignored or refused their demands that they be removed from journal mastheads; •Sending solicitations to potential authors on behalf of other academics, without the latter’s permission or knowledge; •Giving their journals names “nearly identical to other respected journals, which has led to consumers mistakenly submitting articles to Defendants’ journal”; Click Read More below for additional information.
More than 300 visitors from around the world and over 40 international trade journalists attended the Packaging Day hosted by Heidelberger Druckmaschinen AG (Heidelberg) at its Wiesloch-Walldorf plant at the beginning of November. The “Pushing the Future in Packaging” event showcased the latest solutions and technologies for packaging printing. The aim of these solutions is to increase the efficiency of all processes through intelligent networking and automation. This applies both to printing high-volume standard packaging as well as highly embellished folding cartons in the luxury segment. Packaging printing is the strongest growing segment in the print media industry. Annual growth rates of around three percent are expected in the coming five years, and around 20 percent for digital printing. Heidelberg announced a broad-based product campaign for this market at drupa 2016, which is now being implemented consistently – in both offset and digital technology. As key note speaker, Steffen Schnizer, Managing Director of Multi Packaging Solutions in Obersulm near Heilbronn, emphasized that demand from brand owners for exclusively finished packaging is on the increase. Nowhere is this truer than in the cosmetics and perfume industry. Purchase decisions are frequently made at the point of sale, where high-quality packaging guarantee the necessary attention. “Heidelberg not only offers its customers the widest range of products for packaging output, but is also the clear market and technological leader in this area,” emphasized company CEO Rainer Hundsdörfer at the opening of the Packaging Day. Click Read More below for additional information.
In the world of packaging it is sometimes complicated to achieve something that looks simple, minimalist and elegant. The paperboard cartons for Jimmy Choo’s L’EAU that was launched in summer 2017 is a clear example of this. Its colour is pale pink apart from the brand, the name of the contents, and the fact that it is an eau de toilette. Yet the packaging has passed through twelve finishing stages. The carton is made of Invercote from Iggesund Paperboard. Conversion is by the distinguished French printing company Draeger on behalf of Interparfums. The packaging is offset printed on both the inside and outside. The printing on the inside is in a pale pink shade, which creates the mood around the bottle. Externally the packaging has a blind-embossed snakeskin pattern plus two rows of text on the front. The outside is also laminated with soft touch film, matt varnished, and foil embossed with both silver film and holographic film. Click Read More below for additional information.
The transaction includes the acquisition of CPG’s Carmignano and Condino Mills in Italy, its digital imaging business located in Cham, Switzerland as well as all brands and know-how. It will be funded through internal cash resources. The transaction is conditional on the approval from certain competition authorities. We expect the acquisition to be completed during the first calendar quarter of 2018. The main benefits of the acquisition include: *Supports Sappi’s diversification strategy and 2020vision to grow in higher margin growth segments. Strengthens Sappi Europe’s speciality and packaging papers footprint and skills; adds 160,000 tons of speciality paper to our capacity. *Increases Sappi’s relevance in speciality papers, opening up new customers and markets to Sappi’s existing products and generating economies of scale and synergies. Click Read More below for additional information.
Sealed Air Corporation announced that it is implementing a price increase of 2.5 – 5.0% for the majority of its Food Care division’s products in Europe, Middle East and Africa with the exception of Switzerland and the United Kingdom who received price increases earlier in the year. The increase will be effective January 1, 2018. “The price adjustment is the result of escalation of notable increases in the Company’s raw materials costs including a 19% rise in the price of polyethylene, a 16% rise in nylon and a 35% rise in polystyrene as well as other non-materials costs such as power, labor and transportation in the range of 1-4%,” said Karl R. Deily, President of Sealed Air Food Care division. “Despite the necessary price changes, we are working to minimize the impact to our customers while delivering them the same high level of value and innovation.” The price changes include an increase on all shrink bags, rollstock products, food films and vertical pouch packaging.
Mactac continues to focus on delivering premium quality products at competitive prices. The recent inflationary environment impacting our markets has brought about challenges and volatility related to raw material pricing, freight, and the overall availability of key components. We have worked diligently with our suppliers to ensure a reliable supply of materials allowing us to continue to provide outstanding service in the pressure sensitive market. Having already absorbed a significant level of price increases along with indications of continued tightness of supply and price escalation, we find it necessary to recover part of these increased costs with a 5% increase on all Sheet and Graphic products effective on all orders placed beginning January 15, 2018 shipping within our standard published lead-times. Click Read More below for additional information.
LSC Communications has signed a multi-year agreement with Bauer Media Group USA, the number one seller of magazines at retail in the country. Beginning in January 2018, LSC will print 17 of Bauer’s popular print titles including Woman’s World, First for Women, In Touch Weekly, Life & Style Weekly, Closer Weekly and J-14, among others. According to Thomas J. Quinlan III, Chairman and CEO of LSC Communications, “With Bauer as one of the most successful magazine publishers in the world, LSC is honored to have been selected for our optimal print production and mailing solutions. We look forward to continuing to support Bauer’s vision for many years.” Click Read More below for additional information.
As many as 200 workers will be out of work by the end of January when the Quad/Graphics facility in Taunton closes, according to the Wisconsin book manufacturer. Emails were sent out Wednesday to workers informing them of the bad news, said spokeswoman Claire Ho. Ho said workers will be offered either a severance package with limited continuation of medical benefits or the chance to work at another of the company’s locations, most of which are in other parts of the country. “We want to take care of them,” she said on Friday from her office in Sussex, Wisconsin. Ho said the plant at 1133 County St., located on Route 140 near the onramp for Route 24, specialized in assembling traditional reading books. Click Read More below for additional information.
In November 2017, Ahlstrom-Munksjö committed to the United Nations Global Compact's ten principles for ethical business practices by joining the initiative. The company is now among nearly 8,000 companies worldwide that have affirmed their dedication to respecting human rights, labour rights, environmental quality, and anti-corruption practices. As a signatory, the company commits to: •Continue to improve business operations so that the UN Global Compact and the principles become part of strategy, culture and day-to-day operations; •Communicate annually with its stakeholders on efforts to implement the ten principles, and post this Communication on Progress (COP) on the UN Global Compact website to support transparency. ''At Ahlstrom-Munksjö, we are dedicated to sustainability and responsibility from the highest levels of leadership to the most local concern in our supply chains or at our production sites'', said Jan Åström, President and CEO of Ahlstrom-Munksjö. Click Read More below for additional information.
Oil has advanced for the past three months amid optimism that output cuts by Organization of Petroleum Exporting Countries and its partners are helping to balance the market. Yet U.S. rivals have been expanding their operations, with drillers adding two oil rigs to reach 749 last week, the highest level since late September, according to Baker Hughes. “The OPEC deal will mostly work for non-OPEC,” said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt. “Even if OPEC delivers the cuts promised, and prices stay high long enough, the main result will be that U.S. shale adds on close to 1 million barrels a day of additional production.” Click Read More below for additional information.
Canfor Pulp Products Inc. announced that it has taken a temporary and unscheduled outage on one production line at its Northwood Northern Bleached Softwood Kraft (“NBSK”) Pulp mill located in Prince George, British Columbia (“BC”), as a result of a tube leak in the number five recovery boiler. Canfor Pulp anticipates the number five recovery boiler to be down for approximately two weeks, and is currently projecting 15,000 tonnes of reduced NBSK pulp production during the fourth quarter 2017, as well as higher associated maintenance costs and lower projected shipment volumes. To mitigate the impact of the incident, Canfor Pulp is continuing to operate the second production line at the Pulp mill and will advance certain mill maintenance activities previously scheduled to be performed in the first quarter of 2018. Click Read More below for additional information.
Green Bay Packaging (GBP) has announced that it is in the first phase of evaluating construction of a new, state of the art recycled containerboard machine at its location in Green Bay Wisconsin. The 220” machine would be operational in 2020 and would replace the Company’s existing 164” trim machine, originally constructed in 1950. The investment would increase GBP’s recycled containerboard capacity by over 70%.
Expect some moderate growth in advertising in 2018. That growth will be boosted in part by big events like the Olympics and mid-term political elections. Below are summaries of the newly issued forecasts from WPP’s GroupM, Interpublic’s Magna, and Publics Group’s Zenith. WPP’s GroupM is forecasting global ad expenditure growth of 4.3% in 2018 to nearly $558 billion. That estimate is based on the assumption that 2017 expenditures will be 3.1% to about $535 billion. For North America, the firm estimates that expenditures will reach almost $200 billion next year, up 3.4%, following a 2.2% gain this year to more than $193 million. The release of the new forecast was timed to this week’s UBS Global Media and Communications Conference in New York. Click Read More below for additional information.
Mondi has again improved its ecological footprint in the three WWF reporting categories: Graphic Paper, Packaging and Pulp. For Graphic Paper, Mondi has achieved a result of 85.5% in 2017, up from 81.4% in 2015 and 74.9% in 2013. Mondi’s overall 2017 result for Graphic Paper is based on sub-category scores of 82% for sourcing, 76% for clean production, and 100% for transparency. In the category of Packaging, Mondi received an overall score of 85.6% in 2017, up from 83.8% in 2015 and 73.7% in 2013. Mondi’s sub-category scores for Packaging in 2017 were 88% for sourcing, 87% for clean production, and 82% for transparency. In the Pulp category, Mondi received an overall score of 70.4% in 2017, up from 69.4% in 2015 and 63.2% in 2013. The group’s sub-category scores for Pulp were as follows: 72% for sourcing, 73% for clean production, and 65% for transparency. Click Read More below for additional information.
In the wake of a wider quarterly loss than expected and a continuing sales slide, Barnes & Noble plans to a greater emphasis on what brought it the party in the first place: books. “Book sales continued to strengthen, and we saw improved traffic and conversion trends,” said Demos Parneros, CEO of Barnes & Noble. “As a result of the improving trends, we will continue to place a greater emphasis on books, while further narrowing our non-book assortment.” Along with a renewed focus on books, the retailer is looking is smaller stores. Barnes & Noble stores average approximately 26,000 sq. ft. But its new store, in Plano, Texas, is less than half that, about 10,000 sq.ft. “Our goal is to get smaller,” Parneros told analysts on the chain’s quarterly call. “We want to have smaller stores that are more efficient.” Click Read More below for additional information.
Paper has been manufactured in Laakirchen for the past 150 years and now with its entry into the packaging paper market, Laakirchen Papier AG has ushered in a new era. Indeed, the decision to break into the containerboard field will secure the long-term success of the company, as with a volume of 26.4 million t/y and annual growth of between two and three per cent, the strong, European corrugated board market segment offers considerable future potential for the paper industry. Accordingly, the production of lightweight containerboard made entirely from recycled fibres on PM10 started in Laakirchen mid of October. The paper machine meanwhile runs stable and produces paper on A quality level. The PM10 will now manufacture up to 450,000 t/y of containerboard based on recycled paper with working widths of 7.5 m at a speed of 1,600 m/min. This production switch also required additional investments at the company location. These included new plant for the treatment of wastepaper fibres and anaerobic used water cleaning, storage areas for recycling paper, and the completion of a warehouse with an automated crane system for the new products. Click Read More below for additional information.
Today, the Postal Regulatory Commission (Commission) issued its findings related to the statutorily mandated review of the system for regulating rates and classes for Market Dominant products that was first established in 2006 by the Postal Accountability and Enhancement Act (PAEA). The law required the Commission to review the past 10 years of the existing market dominant rate and classification system to determine if the system achieved the nine objectives, considering the 14 factors, established by Congress. The objectives reflect the goals of the PAEA to create a flexible, stable, predictable, and streamlined ratemaking system that ensures the Postal Service’s financial health and maintains high quality service standards and performance. In its findings order, the Commission identifies three principal areas of the PAEA system which encapsulate the nine objectives: (1) the structure of the ratemaking system; (2) the financial health of the Postal Service; and (3) service. After extensive review, the Commission concludes that the system achieved some of the goals of these areas, but the overall system has not achieved the objectives taking into account the factors of the PAEA. Click Read More below for additional information.
Cascades Inc. announces the acquisition of four plants in Ontario to strengthen its position in the containerboard packaging sector, and the purchase of an ownership position in Tencorr Holdings Corporation. The company also announces an increase in its equity holding of the Greenpac Mill LLC. "We are very pleased to expand our presence in Ontario and increase our stake in Greenpac for the second time this year. These transactions align perfectly with our vision and strategy for our containerboard activities," stated Cascades President and CEO Mario Plourde. The four following plants were acquired from the Coyle family, and specialize in the manufacturing of boxes and speciality products offering strong growth potential: •McLeish Corr-a-Box Packaging & Design – Etobicoke, Ontario •Brown Packaging – Burlington, Ontario •Coyle Corrugated Containers Inc. – Scarborough, Ontario •Coyle Packaging (Peterborough) Ltd. – Peterborough, Ontario. Click Read More below for additional information.
Smurfit Kappa operations from both sides of the Atlantic were lauded with the company’s Zülpich Paper Mill in Germany winning the ‘Resilience – Managing Risk’ award and the Cali Paper Mill in Colombia taking the prize for ‘Bringing Paper to Life – Innovative Printing & Writing Campaign of the Year’. The Zülpich Mill, which was established in 1873, has an exemplary record in health and safety and a robust risk management strategy. Speaking about the award, Christian Ludwig, Managing Director, said: “We have always had the full support of the Group to build up our resilience strategy to the standard is at today and we are encouraged to take an innovative approach to finding solutions. The Cali Paper Mill certainly delivered on the brief of ‘Bringing Paper to Life’ with its CartoPrint school paper display. The vibrant appearance of the product, which was created in a collaboration with the Packaging Division, was inspired by its sustainable forestry origins and the ongoing work to preserve biodiversity that the company carries out. Click Read More below for additional information.
Sonoco has announced a new research partnership with Clemson University: the Sonoco FRESH (Food Research Excellence for Safety and Health) initiative will develop new technologies and new forms of packaging to optimize the fresh food lifecycle. “Sonoco is committed to serving fresh brands, using packaging to tackle the challenges they face,” said Sonoco President and CEO Jack Sanders. “Optimizing fresh food packaging to extend shelf life and maintain quality makes fresh produce more accessible to communities, and helps brands and retailers extend sales opportunities and eliminate food waste. “Each year, the food industry loses $15.6 billion due to food spoilage at retail. Modifying packaging design to extend shelf life by even one day can recover $1.8 billion of that loss – while feeding more people and reducing waste to landfills.” To establish the multi-disciplinary hub for innovation and research to advance fresh food packaging and distribution, Sonoco will contribute $1.725 million over 5 years. The Company will also sponsor business-driven research projects totaling $1 million over that period. Sonoco FRESH is an extension of the partnership that created the Sonoco Institute of Packaging Design and Graphics at Clemson. Click Read More below for additional information.
Tronox Limited announced that, in connection with its planned acquisition of the titanium dioxide (TiO2) business of Cristal, a privately held global chemical and mining company headquartered in Jeddah, Saudi Arabia, the waiting period in the United States under the Hart-Scott-Rodino Act expired at 11:59 p.m. EST on December 1, 2017 without further action by or communication from the U.S. Federal Trade Commission. Jeffry Quinn, Tronox's chief executive officer, stated: "Based on consultation with counsel, we believe that expiration of the waiting period means that we can proceed toward completion of the transaction once all closing conditions are met. However, we have not been informed that the Federal Trade Commission has formally concluded its investigation. The Commission could conceivably seek to enjoin the transaction at a later time, but we believe such action would be unprecedented and contrary to the rationale of the pre-merger notification system that is the framework of the U.S. regulatory process."
Brazil’s Suzano Papel e Celulos closed a deal to acquire a majority stake in Amazonian paper factory Facepa for 310 million reais ($95 million), the wood pulp and paper maker said on Monday in a securities filing. Suzano said it had agreed to buy 92.84 percent of total shares and 99.99 percent of common shares in the company, which manufactures paper towels, napkins, diapers and tissue in factories in Belem and Fortaleza with total capacity of 50,000 tonnes per year. The price is subject to adjustments, Suzano said in the filing.
Dear Catalog Industry Participant: Word out of Washington this week is encouraging for HR 756, the postal reform bill. According to our colleagues at the Coalition for a 21st Century Postal Service, there is increasing talk of adding postal reform to the Omnibus funding measure for the government next week, or to some other must-pass legislation that can serve as a vehicle. Both House and Senate leaders are reportedly interested, but we only have until next Thursday when the current continuing resolution runs out. So we’re calling on you for some urgent action. Our Ask and Your Ask: Please reach out as quickly as possible to as many Republican members of the House as you may have connections with and urge that postal reform be added to the Omnibus funding measure or some other moving piece of legislation. Your messages should conclude with an ask of your representative(s) to personally take this message to House Majority Leader Kevin McCarthy. Click Read More below for additional information.
Please be advised, effective with shipments as of January 1, 2018, Domtar Specialty Papers pricing will increase by $2.50/cwt. USD on bleached and unbleached Food Packaging, Medical Packaging, Industrial Grades, Coating Base and Release Paper Products. We pledge to continue to earn your business by providing quality products and reliable service while investing in the future through innovation.
Due to large increases in key input material costs, including over a two-fold increase in colorformers to ensure an uninterrupted supply, that cannot be offset by our on-going internal continuous improvements, cost reductions, and operating excellence efforts, Glatfelter is announcing a price increase for carbonless roll products, carbonless sheet products and security papers sold in our United States and Canadian markets. The increase will be effective with shipments on or after January 15, 2018. The increase will be 6% for the following items: All Glatfelter Carbonless Roll products; Carbonless Roll Accessories (CF and CB Sprays); Defensa® Security CB products; All Glatfelter Carbonless Sheet Products; Fan-Apart Adhesive. The increase will be $4.00/cwt for the following item: Defensa® Basic. The increase will be $5.00/cwt for the following items: Defensa® Premium Defensa® Design; Defensa® Security Gate Defensa® True. All current standard differentials and upcharges remain in effect.
National Average Price for Regular – Current: $2.490; Month Ago: $2.482; Year Ago: $2.162. National Average Price for Diesel – Current: $2.841; Month Ago: $2.752; Year Ago: $2.391.
American Dollar to Canadian Dollar = 0.776257; American Dollar to Chinese Yuan = 0.151306; American Dollar to Euro = 1.189857; American Dollar to Japanese Yen = 0.008896; American Dollar to Mexican Peso = 0.053491.
Weekly U.S. crude oil production hit the highest level on record last week, according to preliminary government data, in another sign of the resilience of American shale drillers. The United States produced 9.62 million barrels of oil a day in the week through Nov. 3, the U.S. Energy Information Administration reported on Wednesday. That just slightly topped a record high struck in June 2015, just before the oil price crash sparked a more than one-year decline that sent U.S. output to about 8.4 million barrels a day. Click Read More below for additional information.
Jessica Kingsley Publishers has been acquired by Hachette UK, effective immediately. It has been folded into John Murray Press as an imprint, and will be overseen by managing director Nick Davies. The agreement keeps Kingsley intact as a company, with Hachette UK made 100% shareholder. "Jessica Kingsley has built a business of great significance, renowned for anticipating trends and identifying gaps in the market, publishing books that are essential for professionals in their specialist areas, and that serve the communities with which they work," Jamie Hodder Williams, CEO of Hodder, Headline, Quercus and John Murray Press, said in a statement. "I am greatly looking forward to welcoming the Jessica Kingsley team into Hachette." Click Read More below for additional information.
Electronics For Imaging, Inc. today reported that Northampton, U.K-based graphics production company Evolution has installed an EFI™ VUTEk® GS3250LX Pro LED hybrid roll/flatbed printer. Evolution chose the 3.2-metre wide printer for its speed, quality of build, and low downtime and running costs. Previously, when its superwide-format graphics work volumes became too large, the company often outsourced to other providers. Now, Evolution can produce that work in-house with a printer that is several times faster than its old flatbed printer. Although Evolution’s machine operators are new to using the printer, they were able to get trained quickly, taking very little time to start producing high volumes of work – more than 200 2440mm x 1220mm panels a day for clients. Click Read More below for additional information.
Flint Group announced today the acquisition of Eston Chimica SRL located in Padova, Italy. This acquisition follows Flint Group’s strategy to grow not only organically, but also through tactical acquisition. Eston Chimica manufactures and sells water-based inks for flexo and gravure applications to printers predominantly located in Italy and Southern Europe. The company supports key Paper & Board applications, such as corrugated, shopping bags, paper bags, and various other water-based print jobs. Eston Chimica is located in northern Italy, near Venice, and employs 32 people. Kim Melander, Vice President & General Manager EMEA and Global Strategy, Paper & Board, says, "Flint Group is very happy to join together with Eston Chimica. We have found the ‘right’ partner; a company who, with the dedicated support of its employees, has been very successful in recent years outgrowing the market as compared to other suppliers.” Click Read More below for additional information.
Interfor Corporation and shíshálh Nation have announced the recent signing of a five-year relationship agreement for mutually beneficial forestry operations in the Nation’s swiya (territory). Interfor is a major forestry tenure holder in the shíshálh Nation swiya on BC’s Sunshine Coast. The agreement is a new milestone for Interfor and the shíshálh Nation who have had a strong working relationship for more than twenty years. “This agreement was built on trust, opportunity and a long-standing relationship. It creates predictability for both Interfor and shíshálh Nation and will support further growth of our partnership over the next five years,” said Interfor’s Vice President and Chief Forester, Ric Slaco. Click Read More below for additional information.
The Province of New Brunswick announced its plan regarding sawmills impacted by softwood lumber duties on shipments to the United States. A dedicated effort on this important file is crucial to the survival of New Brunswick’s forest products sector as we know it today. Sawmills are the lifeblood of many rural communities. Hundreds of New Brunswick woodlot owners and wood producers depend on these sawmills. A successful sawmill is the vital source of wood chips to the value chain of products made throughout New Brunswick – from particleboard in St. Stephen to tissue in Dieppe, pulp in Edmundston and paper in Saint John. Thousands of New Brunswick jobs and local suppliers depend on this sector which impacts more communities than any other industry in the province. Maintaining New Brunswick’s historic 35-year exclusion requires the unity and support of all political parties. Click Read More below for additional information.
With an increase of almost two million hectares of PEFC-certified forests in Indonesia over the past year, the Indonesian Forestry Certification Cooperation (IFCC) took top prize for growth during our PEFC Forest Certification Week award ceremony. “Without the tremendous support from everyone within the PEFC family and without the strong commitment and hard work from all members of the IFCC family, we would have never arrived at this proud state,” said Dradjad Wibowo, Chairman of IFCC. “So, IFCC thanks everyone from the PEFC and IFCC families for this! Though we still face huge challenges, we are confident, that together we will prevail," Mr. Wibowo concluded. Click Read More below for additional information.
The Sustainable Forestry Initiative Inc. (SFI) is pleased to announce that Poison Springs State Forest, the Arkansas state forest managed by the Agriculture Department's Forestry Commission, has earned certification to the SFI 2015-2019 Forest Management Standard through a rigorous third-party audit. Certifying to SFI sends a strong signal about Arkansas's commitment to sustainable forest management, conservation, and economic opportunity for its citizens. "It shows we are working to ensure that our forests will remain healthy and productive for generations to come. Certification to SFI also boosts our competitive position in national and international markets because we can demonstrate that our forest products come from well‑managed forests," said Joe Fox, Arkansas's State Forester. Click Read More below for additional information.