A discount giant is closing the book on a women’s magazine — at least, across its checkout displays. Walmart is removing Cosmopolitan magazine from its checkout lines across more than 5,000 stores. The retailer’s decision is in response to a campaign against sexual violence spearheaded by the National Center on Sexual Exploitation. While the women’s magazine will no longer be available in checkout lanes, Walmart will continue selling the publication in its magazine section.
In October 2019, PRINT United will break down the obstructive silos that have been established and will align all segments of printing technology under one roof with the goal of providing significantly increased ROI for exhibitors and attendees. This three-day event will take place in Dallas. In order to solicit feedback and make the exhibitors an integral part of the decision making around PRINT United, partners SGIA and NAPCO Media recently held an Exhibitor Focus Group in Dallas. The key takeaways center around the prospect of convergence, new opportunities, increased ROI and unity in the printing industry.
Daniel Dejan, Print & Creative Manager at Sappi North America, will receive PINE’s highest honor, the Industry Influencer Award, at the association’s annual Industry Awards Gala, on Tuesday, April 10 at Mechanics Hall, Worcester, MA. The Industry Influencer Award, sponsored by Heidelberg since 2003, honors the contributions of an individual whose vision and energy have impacted our industry in a profound and indelible way. It recognizes the entrepreneurial spirit and foresight to create new business models, develop market-shifting technologies and improve our industry in a permanent and sustained manner.
Companies and organizations continue to promote the switch from print to digital forms of communication but is this cost-cutting in the best interests of the customer? Based on a June 2017 U.S. survey¹, 90% of respondents felt they should have the right to choose how they receive communications (printed or electronic) from financial organizations and service providers, and 83% thought consumers should not be charged more for choosing a paper bill or statement. However, corporations are increasingly charging their customers for paper statements.
PCA recently celebrated the start of construction of its new full-line corrugated plant in Marshfield, Wisconsin. Attendees at the official groundbreaking included PCA management; the mayor of Marshfield and other city officials; the builders of the new facility; and employees from the nearby Colby plant, who were transported on coach buses to Marshfield for the event. PCA Executive Vice President Tom Hassfurther addressed the audience and participated with others in a ceremonial groundbreaking. The event also included lunch served inside a warming tent.
For those of us who love our dogs and treat them like children, it’s rewarding to buy treats to help keep them healthy and happy—a purchase made especially easy when the treat packaging delivers shelf appeal as enticing as Blue Dog Bakery’s new treats. Packaged Facts’ “Pet Treats and Chews in the U.S., 2nd Edition” estimates that sales of pet treats and chews reached $6.4 billion in 2017. “Pet marketers looking to tap into ‘pet parenting’ dollars are on fertile ground when it comes to dog and cat treats and chews,” says Packaged Facts, “with treat time serving an important role in the human/animal bond.”
The Contract Packaging Association (CPA) has released its State of the Industry Report, a comprehensive benchmark study that provides valuable insights for anyone involved in the industry. The report combines 100-question interviews with more than 120 CEOs and senior industry executives with primary and secondary research, making it a valuable planning tool for anyone connected to the industry.
Kruger Specialty Papers is proud to announce that it has joined the Sustainable Packaging Coalition (SPC), a membership-based collaborative that believes in the power of industry to make packaging more sustainable. Kruger Specialty Papers shares the SPC’s vision of a world where all packaging is manufactured responsibly using processes that minimize environmental impacts.
When it comes to providing supply chain assurances, producing conservation outcomes, and supporting education and community engagement - Forests are the Answer. The 2018 SFI Annual Conference will explore this theme and engage you in a discussion focused on why Forests are the Answer to so many of the most important sustainability challenges we face in the sector and in our communities. The SFI Annual Conference brings together thought leaders and influencers: forest sector representatives, conservation and community partners, and Indigenous leaders as well as some of the most engaged forest product customers in North America. This year's conference will discuss topics relevant to national and international initiatives across the forest sector. Come to the 2018 SFI Annual Conference to learn more and engage with the SFI community.
You are probably already familiar with PaperSpecs, founded by Sabine Lenz, but do you know about the VIP membership that includes a quarterly sample box? The box is full of paper samples, and unique printed pieces and promotions sure to get the creative juices flowing.
Oil prices, starting with a decrease on Thursday morning, restored the growth by the end of the day and finishes the week, trading up. May Brent futures were 74 cents or 1.06% up, at $70.27 for a barrel at the end of London ICE Futures trading on March,29. June future contracts are 58 cents, or 0.84% up, at $69.34 per barrel. May WTI futures grew in price by 56 cents or 0.87%, to $64.94 for a barrel on NYMEX.
National Average Price for Regular Unleaded Current: $2.654 Month Ago: $2.530 Year Ago: $2.313 National Average Price for Diesel Current: $2.962 Month Ago: $2.955 Year Ago: $2.504
American Dollar to Canadian Dollar = 0.775984 American Dollar to Chinese Yuan = 0.159276 American Dollar to Euro = 1.232669 American Dollar to Japanese Yen = 0.009415 American Dollar to Mexican Peso = 0.055001
Forty-five-year-old Boulder Book Store in Boulder, Colo., was named the 2018 PW Bookstore of the Year by a panel of industry judges. The bookstore has been a pioneer in a number of industry initiatives. It was, for example, the first store to buy on Edelweiss and one of the pioneers in setting up consignment sections dedicated to specific publishers. Bookstore owner David Bolduc, who founded the bookstore in 1973, was also the co-founder of the country's first local first organization, the Boulder Independent Business Alliance. He co-founded the Boulder County Farmers' Market as well. "David has been a leader in many facets of our community," said Sean Maher, CEO of the Downtown Boulder Partnership, adding that the bookstore is "an absolute landmark. And we are thrilled that they are part of our community."
There are countless free newsletters in B2B publishing, as well there should be. Newsletters do great things. They are the number one traffic builder for most niche verticals, since social media and search only go so far in bringing hydrocarbon experts or facility managers to your site repeatedly. Sending daily - or at least weekly - newsletters keep people clicking through to your website, where hopefully you have effective contextual content and offers to get them to stick around. Each one also provides desirable advertising sales opportunities. You can’t have enough sub-niche newsletters in my book. This also keeps your brand vital in your market. If you send less frequently than weekly, your content remains an afterthought.
It has been a little over a year since Amazon began allowing third-party sellers to “win” the buy buttons on its book pages. Previously, orders placed using the main buy button on a book page were sourced directly from Amazon’s stock, thereby guaranteeing that publishers and authors would be paid for the purchases. But with the change, Amazon allowed orders placed using some buy buttons to be sourced from third parties, cutting authors and publishers out of those transactions. (Among the factors Amazon uses to determine who wins the buy button are price, availability, and delivery time.)
IWCO Direct, a leading provider of data-driven direct marketing solutions, today named Tedd Aurelius as vice president of sales. Aurelius will partner with current vice presidents of sales, Tom Hexamer and Jim Leone, to help lead IWCO Direct in creating new and expanded client engagements, and delivering on the company’s commitment to providing the highest level of service and results.
Thomas Horne calls a print job his company executed this past Valentine’s Day “the hardest day for me as a printer.” It wasn’t the technical aspect of the job that challenged the employees of A-Plus Printing & Graphic Center, located in Plantation, Fla. It was the emotional aspect. On that day, 17 students and teachers from Marjory Stoneman Douglas High School in Parkland, Fla., were killed in a mass shooting.
The acquisition adds to the $30 million of Webcom’s digital book manufacturing investments and reconfirms its commitment to meet the growing publisher demand for unique casebinding capabilities. This is Webcom’s second major expansion of its casebinding services in 2018, following the recent investment in digital casebinding systems from GP2 Technologies.
Graphic Systems Services (GSS) will be a formal presenter at the annual IJC USA Inkjet Conference on April 12th and 13th. Mr. John Sillies, Executive Vice President of GSS, will be speaking on the critical aspects of a web transport to achieve the optimal performance from high-speed inkjet writing systems.
How do you maintain your annual double-digit growth after going from zero to $3.5 million in revenue in your first eight years of business? For Denver-based i3logix, the answer is to target a new market for transactional printing with a pair of new presses: the Xerox Rialto® 900 Inkjet Press and the Xerox Versant® 3100 Press. “With these two presses, we’re able to move confidently into this new market and maintain our 20 to 25 percent annual growth rate,” said Steve Wolffis, vice president and general manager of the i3output division of i3logix. “The Rialto, in particular, is a great fit for us.”
It is with a heavy heart that we announce the passing of Jon Flaxman, HP Inc. Chief Operating Officer, who died peacefully with his family by his side early this morning. Jon joined HP in 1981 and during his 36+ year tenure, touched many lives and created a lasting impact on our business, our partners and our organization. He will be deeply missed. His impact made him one of the rare and defining leaders in HP’s prestigious history. With all of his achievements, his greatest source of pride and accomplishment was his family and he is survived by his wife and three children.
Civil, mechanical, industrial, chemical, electrical, naval, forest, and software - for JDI, the skills of our 1000+ engineers and engineer technologists are vital to our continued growth, modernization, and improvement. To promote the profession and showcase our team, we are profiling some of the many valued engineers across our operations. We asked what advice they’d give to an engineer just starting out and what sparked their interest in the profession.
The mandate has been designed to address the growing crisis in water and sanitation in many parts of the world by implementing a range of strategies and policies. Through the initiative, Smurfit Kappa will be collaborating with global brands including ABInBev, Danone, Heineken and Unilever to identify, explore and solve water challenges. Smurfit Kappa has long been committed to sustainable water practices and recently reached an ambitious water quality target three years early when it reduced the chemical oxygen demand in its water discharge. The packaging leader has also invested over €60 million in sustainable water treatment technology implementing processes that use less energy. One such treatment transforms water pollutants into biogas which is then reused as fuel in the company’s combined heat and power plants.
Routa Premium is a new, exclusive rum brand from Finland, with a special packaging manufactured by Starcke Oy. The box is totally unprinted – its brilliant graphics are entirely achieved with black and silver hot-foil stamping on the snow-white surface of the board material, Ensocoat by Stora Enso. The smoothness, whiteness, and brightness of Ensocoat provide an ideal surface for foil stamping and the design that plays with the contrast of silver, black and white.
The HOW Promotion & Marketing Design Awards, which is HOW’s longest-running competition, has seen thousands and thousands of outstanding promo-driven design projects over the years. One such winning project—one that informed, persuaded and filled a need with flying colors—is Baton Rouge-based design firm Xdesign Inc.‘s work for Capitol City Produce. The project—a campaign for a cocktail creation contest created as a way for the client to showcase their products—was spearheaded by Xdesign Inc. art director Tiffanie Pitre and her team, which includes graphic designer Simone Begneaud, illustrator Vitalija Svencionyte, and copywriter Paige Fenerty.
Oil prices are likely to rise this year thanks to supply disruptions and an OPEC-led deal to limit production, but doubts over the future of compliance with the multilateral agreement and rising U.S. production could stem the upward momentum, a Reuters poll showed on Thursday. A survey of 31 economists and analysts polled by Reuters showed Brent crude LCOc1 would average nearly $64 a barrel in 2018, versus $63 forecast in the February survey, but below the $67.18 average for the benchmark so far in 2018.
HarperCollins Publishers today announced that Judith Curr, formerly President and Publisher of Atria Publishing Group, will join the organization on April 2 as President and Publisher, HarperOne, Amistad, and Rayo. She will be based in New York, reporting to Brian Murray, President, and CEO, HarperCollins Publishers, and sit on the global executive committee.
To celebrate pre-K-12 public, private and homeschool educators and administrators, Barnes & Noble, Inc. (NYSE: BKS), the world’s largest retail bookseller, today announced the return of Educator Appreciation Days for every Saturday and Sunday in April. Starting Sunday, April 1, local stores will feature special discounts* for teachers and administrators such as 25% off most merchandise like books, toys and games. The offers will also be valid online at www.BN.com for purchases made on Saturday, April 28, and Sunday, April 29.
Cycle World magazine, the preeminent motorcycle journal, is proud to unveil a print redesign: a lush, high-quality quarterly focusing intently on the art of the motorcycle and the stories of people who create them, Cycle World’s Editor-in-Chief Mark Hoyer announced today. Design Director Ralph Hermens and Art Director Justin Page led the redesign effort. The larger-format, perfect-bound quarterly will continue to deliver the epic storytelling Cycle World is known for. The new Cycle World will celebrate the beauty and style of exceptional machines; captivating readers with compelling writing and stunning photography that they will want to display in their homes and return to again and again.
Acquiring companies could be described as mundane for AlphaGraphics Seattle, which has purchased 15 businesses in the past 16 years to help expand their offerings and grow financially. The local commercial printer with four regional storefront locations, which focuses primarily on digital and offset printing, marketing campaign management, digital marketing, data management and promotional products, recently set out on a mission to break into the wide-format sign and banner market.
Mark Andy, the Total Solutions Partner to the label and packaging industry, today announced its acquisition of Presstek, a well-known global supplier of DI (direct imaging) offset plates and presses, CTP solutions and world-class service for commercial and in-plant customers. With the Presstek acquisition, Mark Andy now serves as one of the only full-complement solutions providers to the global graphic arts and print industry. Presstek’s team of over 60 technical professionals will be integrated within Mark Andy’s world-class service infrastructure, making it the largest, regionally-staffed service organization in North America. Certified technicians will support equipment service for brands such as Presstek, ABDick, Ryobi, Heidelberg, Xerox, KBA, Epson and more.
Allen Press, Inc. is pleased to announce the addition of Tim Rinda as Scholarly Sales Executive. Rinda has nearly 30 years of experience in the scholarly publishing and information industries and is tasked with growing Allen Press’s scholarly publisher services. “Allen Press continues to invest in scholarly publishing by recruiting top talent and adding new technologies,” said Randy Radosevich, Allen Press CEO. “We’re well-positioned to be the premier on-shore provider of full author-to-reader services,” he added.
Appleton Coated, a mill that shut abruptly last fall when it went into receivership, has been inching back to life, with its third machine restarted Monday (March 26) and 230 of its 600 employees recalled to work. Its improbable rebirth is coming under an equally improbable owner, used machine dealer Industrial Assets Corp. Other mills that shut in the past, like NewPage in Kimberly, are no more than a pile of rocks today. Appleton Coated, instead, is getting back on its feet.
In 2017, PMMI awarded over $140,000 in scholarships to support the development of a skilled workforce capable of moving the packaging and processing industry forward. Each year through the PMMI Foundation, PMMI, The Association for Packaging and Processing Technologies, provides scholarships to students studying packaging, food processing, engineering and mechatronics at PMMI Partner Schools throughout the United States and Canada. “As an industry leader, PMMI knows the importance of developing a workforce to advancing the packaging and processing industry,” says Jim Pittas, president, and CEO, PMMI. “We are committed to the future of this industry and want to spread the message that the packaging and processing industry is a great place for students to start a career.”
Greenpeace International has informed the Forest Stewardship Council (FSC) that it will discontinue its international membership with FSC for the year 2018. In line with its overall decentralization approach, Greenpeace will allow national offices to determine if and how to best engage with FSC and forest management more broadly. In some countries – Canada, the United States and New Zealand for example – Greenpeace will remain members of FSC International.
In the January/February 2018 magazine, which kicked off our 55th year of publishing, GDUSA released its annual Students To Watch roundup. In addition, we’ve compiled a list of our favorite institutions which prepare students to work in professional graphic design, based on a mix of objective and subjective factors, including our own decades-long relationships with designers, students, educators, recruiters.
Oil fell on Wednesday as investors took profit on a rally the day before to this year’s highs after a report showed a surprisingly large increase in U.S. crude inventories. June Brent crude futures LCOc2 were last down 27 cents on the day at $69.19 barrel by 1135 GMT, while the May contract LCOc1, which expires on Thursday, was down 16 cents at $69.95. WTI futures CLc1 fell 40 cents to $64.85 a barrel.
If you’re a fan of magazine-inserted scent strips, then we’ve got something that’s gonna blow your mind. If you’re one of those people that has to tear them out of magazines immediately due to impending nausea, read on if you’re a fan of kitschy promotions. If you’re neutral, well, everyone’s gotta take a stand on something someday, and magazine inserts are a relatively harmless place to start. With that longwinded intro out of the way, let’s take a deep dive into Old Spice’s latest high jinx.
Independent booksellers are expressing frustration and disappointment with Chronicle Books for its handling of comedian John Oliver’s Last Week Tonight with John Oliver Presents a Day in the Life of Marlon Bundo. Oliver announced the immediate availability of the book at the end of his Sunday, March 18 show, but to the surprise of independent booksellers, Oliver said that the book was only available at that time through Amazon. The illustrated children’s book about a gay bunny parodies the newly released Marlon Bundo’s Day in the Life of the Vice President by Vice President Mike Pence’s wife Karen and daughter Charlotte, which is told through the eyes of the family’s pet rabbit.
Arandell Corp., the trusted leader in premier catalog printing and omni-channel solutions, announced today that the company is expanding through the acquisition of a second facility in Walton, Kentucky. “With the addition of our Kentucky facility, we will have additional capacity and expanded capabilities,” said Bradley J. Hoffman, president and chief executive officer of Arandell Corporation. “As a result, we will remain nimble, flexible and responsive to the evolving needs of our customers.”
HP Wonderland at Dscoop Dallas 2018 is a new inspirational experience for print service providers, brands and creatives to see how the latest HP digital innovations can create virtually any print imaginable. Visitors to Dscoop Unleashing Print- Dallas, March 25-28, will have an immersive creative print experience at the curated HP showcase of amazing worlds of print using the latest HP Indigo and HP PageWide technology. “In HP’s #wonderofprint any idea can be printed to life - in any setting. This celebration of our customers’ innovation is made possible by the quality and versatility of HP digital print technology,” said Dave Prezzano, General Manager, Graphic Solutions Business Americas, HP Inc. “We created this print playground by bringing together the best creative minds and technology to help inspire PSPs, brands, and designers with the multitude of opportunities to grow business.”
During FTA INFOFLEX 2018, Sun Chemical will highlight a new ink with excellent smear resistance and its portfolio of eco-friendly inks, while showing how its full line of coatings, inks, and adhesives can produce packaging that pops off the shelf and enhances pressroom efficiency.
Heidelberger Druckmaschinen AG (Heidelberg) has further optimized its financing structure and agreed on a new syndicated credit line with improved conditions with its banking group. By taking out the credit line with a higher total of €320 million and a term that runs until March 2023, the company is creating financial flexibility and longer-term planning certainty. Besides supporting the day-to-day operational business of the global organization, the new credit facility underpins the strategy of further expanding new digital business models, such as the newly established subscription portfolio.
As a result of innovative thinking based on decades of competence from papermaking, BillerudKorsnäs today proudly launches its first packaging with a climate-positive impact. D-Sack®, the dissolvable sack for cement and other construction materials, disintegrates in a conventional mixer and the bio-based carbon in the paper is captured in the construction itself. The award-winning D-Sack, co-developed in a close cooperation between BillerudKorsnäs and LafargeHolcim, has several significant advantages over conventional cement sacks. The sack dissolves during the mixing process, which minimizes cement waste, eliminates packaging waste and saves time, whilst ensuring a cleaner, safer and healthier workplace.
The Association of International Metallizers, Coaters and Laminators (AIMCAL) on March 23 presented its 2018 Technology of the Year Award to Celplast Metallized Products Ltd. (Toronto, Ontario, Canada) for its role in the northbox insulated shipper. The awards ceremony took place at the group’s annual meeting, which was held at the DoubleTree South Park Hotel in Charlotte, N.C.
The privately held Italian-Dutch global manufacturer of confectionery and gum launched SHARE-A-BOWL by teaming up with Sonoco Flexible Packaging, which acquired the PrimaPak technology when it purchased Clear Lam Packaging in July of last year.
PEFC is moving its office. Beginning April 3, 2018, its new office address will be: PEFC International ICC Building C Route de Pré-Bois 20 1215 Geneva 15 Switzerland
GDUSA’s American Inhouse Design Awards™ is the premier showcase for outstanding work by in-house designers. It is a unique opportunity for in-house designers at corporations, non-profits, institutions, universities, government, associations, media companies and other organizations with an in-house designer or team to be recognized by managers, colleagues and the community for their creativity, for the special challenges they face, and for the full value they bring to the table.
Oil rose on Tuesday, holding above $70 a barrel for a third day, supported by concerns that tensions in the Middle East could lead to supply disruptions, although with global output rising fast, investors remained cautious. Brent crude futures LCOc1 were up 28 cents on the day at$70.40 a barrel by 0848 GMT, while West Texas Intermediate (WTI) crude futures CLc1 were up 19 cents at $65.74 a barrel. The oil price has risen by more than 7 percent so far this month and by 5.3 percent in the first three months of the year, putting it on track for a third consecutive quarterly gain, something the market has not witnessed since late 2010.
Total European shipments of graphic papers in January 2017 were down 1.2% vs. January 2016. Total European shipments of newsprint in January 2017 were down 3.8% vs. January 2016. Total European shipments of sc-magazine in January 2017 were down 10.4% vs. January 2016. Total European shipments of coated mechanical reels in January 2017 were UP 6.7% vs. January 2016. Total European shipments of uncoated mechanical (improved & others) in January 2017 were UP 14.8% vs. January 2016. Total European shipments of coated woodfree in January 2017 were down 1.2% vs. January 2016. Total European shipments of uncoated woodfree in January 2017 were down 4.4% vs. January 2016.
It really is “a beautiful day in the neighborhood” now that the U.S. Postal Service has immortalized Mister Rogers on a Forever stamp. Please share the news using the hashtag #MisterRogersStamp. Postmaster General Megan J. Brennan dedicated the stamp honoring Fred Rogers at the studio named in his honor where it all began 50 years ago — WQED’s Fred Rogers Studio in Pittsburgh. “Mister Rogers and his Neighborhood of Make-Believe made the ups and downs of life easier to understand for the youngest members of our society,” said Brennan. “In Mister Rogers’ Neighborhood, children learned, in a safe space, how to be a friend and create relationships. He shaped generations with his kindness and compassion. It’s why we honor him today.”
"The Postal Reform Act of 2018: Improving Postal Operations, Service, and Transparency" was introduced in the U.S. Senate yesterday as a bipartisan bill co-sponsored by Senators Tom Carper (D-Del.), Jerry Moran (R-Kan.), Heidi Heitkamp (D-N.D.) and Claire McCaskill (D-Mo.). If passed, the legislation would make sweeping changes to current rules and regulations that have led, in large part, to the dire long-term financial situation of the U.S. Postal Service, including 11 straight years of net losses and a net loss for its first quarter totaling $540 million - despite the USPS setting a record on Dec. 18, 2017, when more than 37 million packages were delivered, the most packages delivered in a single day in its more than 200-year history.
DC Entertainment, the publisher of Superman, Batman and Wonder Woman, announced it has signed an exclusive five-project deal (including at least two original book projects) with Frank Miller, acclaimed creator of the bestselling Batman graphic novel, The Dark Knight Returns. The deal will be announced during the DC Publishers panel, which will be live-streamed from the WonderCon convention in Anaheim, Calif., on Saturday. As part of the new deal, Miller will write Superman Year One, a new standalone graphic novel with art by John Romita Jr., in a story that DC says will redefine the Man of Steel for today’s fans. Also part of the new deal: Miller will write his first YA graphic novel, an untitled work with art by Ben Caldwell, that will star Carrie Kelley, a young girl first introduced in The Dark Knight Returns, who succeeds Robin as Batman’s partner.
Today at Dscoop Dallas, HP Inc. announced the winners of the 3rd annual HP Inkspiration Americas Awards, recognizing the most innovative brand experience produced with HP digital printing technology, and Rod Key Marketing Excellence Awards for the companies with the most creative marketing campaigns to promote their businesses. “HP digital printing technology is disrupting print applications across industries, sparking creative ideas for designers and brands and improving efficiencies,” said Dave Prezzano, General Manager, HP Graphics Solutions Business Americas, HP inc. “These award-winning prints are an inspiration to the HP Graphic Arts community. With leading-edge technology from HP Indigo, PSP can capture the growing power of digital print in almost every area of life and work and realize new revenue opportunities.”
American Forest & Paper Association (AF&PA) President and CEO Donna Harman thanked Congress for reaffirming that federal regulatory policy should reflect the carbon-neutrality of forest-based renewable biomass. The fiscal year 2018 Omnibus Appropriations bill, which has passed the House and Senate, includes legislative language to that effect.
Since 1998, Mohawk has lead the market with innovative substrates for digital printing. Starting with legendary fine paper and carefully expanding into specialized non-paper substrates, Mohawk is celebrating 20 years of product innovation. At this year’s DSCOOP gathering in Dallas, Mohawk will introduce a number of new products engineered for HP Indigo as well as wide format printing. Mike Madura, VP of Product Management and Development says, “We wanted to arrive at DSCOOP ready to demonstrate these new paper and specialty materials in a manner that would echo the conference focus on Inspiration. Anyone who knows us knows that we are always looking for new ways to inspire designers and printers with the power of materials through provocative demonstration.”
The Board of Directors of the Europac Group has approved its 2017 annual accounts, which recorded a net profit of 78 million euros, 59.4% up on 2016. Aggregate sales increased by 10.9% to 1,186 million euros, Aggregate sales increased by 10.9% to 1,186 million euros, while consolidated sales reached 868 million euros, 8.4% more than a year ago. Consolidated EBITDA amounted to 158 million euros, 25% up on the 127 million euros of the previous year, while recurring EBITDA totalled 147 million euros, 19.3% up on the previous year. The difference between consolidated and recurring EBITDA is mainly due to the extraordinary effects of the sale of the packaging factory in Tangier and the logistics operator at the port of Viana do Castelo, as well as settlement of the guarantees linked to the acquisition of the paper and packaging factories in Rouen (France) in 2008. In this context, the EBITDA margin rose by 2.4 percentage points to 18.2%, while EBIT amounted to 106 million euros, 37.1% up on the previous year.
The Board of Smurfit Kappa (the “Board”) announces that it received a revised proposal (the “Revised Proposal”) from International Paper Company (“International Paper”) on Thursday evening, 22 March 2018. Under the terms of the Revised Proposal, Smurfit Kappa shareholders would receive €25.25 in cash (which would be reduced to €24.605 after payment of the final dividend of 64.5 cent recommended on 7 February 2018 and to be paid on 11 May 2018 (the “Final Dividend”)) and 0.3028 new shares of International Paper common stock for each Smurfit Kappa ordinary share held by them.
Back in the news after a self-imposed hiatus is one of the more intriguing sustainable-packaging initiatives of the past decade. That would be the paper bottle made by Ecologic Brands. Made popular in a number of categories—wine, pet food, protein powders, and laundry detergent to name a few—the container consists of a molded-pulp outer shell made from recycled corrugated and old newspapers that can be recycled up to seven times. An inner film polyethylene pouch with spout has been, until now, the inner component that comes in contact with the product, whether liquid, powder, or other. When compared with a rigid plastic container, the pouch reduces plastic use dramatically, says Ecologic. And because the shells can be nested and the pouch can be transported flat to an end user, one truckload of the packaging materials equals nine truckloads of rigid plastic containers.
Packaging Corporation of America’s containerboard mill in DeRidder, Louisiana, recently announced that it is offering scholarships to two graduating seniors from each of six local schools: DeRidder High School, Merryville High School, Singer High School, East Beauregard High School, Rosepine High School and South Beauregard High School. For each school, one scholarship will be awarded in the amount of $1,000 and another at $500. The criteria used to select the recipients includes financial need, scholastic excellence, extra-curricular activities and relationship of degree to the papermaking industry.
At Impress Communications the Highcon Laser Die-Cutter Opens Up a World of Possibilities The Highcon Laser Die-Cutter is a marvel of technology and engineering that represents a complete shift and new era for the design industry. This machine gives designers the power to envision and create artwork in ways that were previously impossible. The precision and flexibility of cutting with lasers, as opposed to the traditional method of using bent lengths of steel rule, removes the previous limitations associated with regular die-cutting. Now, a designer can strip away intricate sections of paper, leaving dramatic reveals of the substrate or product beneath. These kinds of paper layering techniques create a compelling impression with a brand’s end user, and allow creatives to reimagine what can be done with belly bands and sleeves, folding cards or french fold panels, and any kind of package that features a window.
I was recently at the Ricoh Marketing Innovator Symposium in Boulder, Colo., which attracted a range of attendees from the print, brand and agency worlds. One of the key takeaways from the event centered around the generational divide — different age demographics don’t just want different messages, they want different messaging platforms and different forms of communication altogether. The reality is that age does matter and using the wrong platform with the wrong demographic will ultimately hurt a publisher’s ability to effectively reach — and market to — those individuals.
Crude oil futures steadied on Monday, supported by a rebound in stock markets and escalating Saudi-Iran tensions. Global stocks came off six-week lows on optimism that the United States and China are set to begin trade talks, easing fears about a trade war between the world’s two largest economies. The possibility of a full-blown trade war had weighed on the energy complex on fears that it could harm oil demand. Brent crude futures LCOc1 were up 9 cents at $70.54 a barrel at 1206 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 eased 5 cents to $65.83.
Future plc, the global platform for specialist media, today announces the proposed acquisition of five specialist consumer titles from Haymarket Media Group for up to £14m. The five titles are, What Hi-Fi?, FourFourTwo, Stuff, Practical Caravan and Practical Motorhome. The intended acquisition of popular brand What Hi-Fi? provides an entry into the complementary audio visual market, whilst Stuff complements Future’s existing technology brands. The acquisition of Stuff is conditional on Competition and Markets Authority approval. These brands will present Future with the opportunity to continue its strategy of organic growth in line with its content monetization strategy.
Revenue at Scholastic rose 3% in the third quarter ended February 28, over the comparable period a year ago, from $336.2 million to $344.7 million. However, investments to improve the company’s profitability and one-time charges led to a net loss of $49.2 million in the most recent quarter, up from $15.4 million a year ago. Despite the higher loss, Scholastic chairman Dick Robinson said the company’s results were in line with expectations. He noted that Scholastic is upping its per-share earnings forecast for the fiscal year ending May 31.
America’s first woman in space, Dr. Sally Ride (1951–2012) inspired the nation as a pioneering astronaut, brilliant scientist, and dedicated educator. On June 18, 1983, Ride launched through Earth’s atmosphere aboard space shuttle Challenger, becoming the first American woman to reach space. For six days, she worked closely with her four male crewmates, proving to the world below that women were just as adept as their male counterparts in the final frontier.
The enhancement of the new Versafire digital printing generation is fully focused on customer benefit and the market requirements. With the Versafire EV, Heidelberger Druckmaschinen AG (Heidelberg) now offers a truly versatile digital production system, designed for use at entry level as well as by experienced digital printing providers. “The Versafire EV gives our customers a flexible production system that is specially designed to ideally meet the requirements in the graphic arts industry and that they can use to further enhance their digital business model as a result of diversification and optimization,” explains Stephan Plenz, Member of the Management Board responsible for Digital Technology at Heidelberg.
Today at ISA Sign Expo, HP Inc. announced the HP Latex R Series, the first, true hybrid latex technology that merges HP’s renowned flexible printing capabilities into rigid printing. The HP Latex R Series brings the most vibrant colors1 into the rigid printing world, and pioneers white ink capabilities with the introduction of HP Latex White Ink. The HP Latex R series brings unparalleled speed and quality to a wide range of rigid materials, such as foamboards, foam PVC, cardboard, fluted polypropylene, solid plastics, aluminum, wood and glass among others. Unlike UV printing technology, which creates a thick layer of ink that completely covers the material, HP’s water-based Latex Inks preserve the look and feel of the media, and delivers odorless prints that are both safe for the environment and the printer operator.
Paper prepares us for success and propels productivity. Watch how paper inspires creativity, showcases ideas and motivates decisions.
According to the February 2018 Printing-Writing Monthly report, total printing-writing paper shipments decreased five percent in February compared to February 2017. U.S. purchases of printing-writing papers decreased four percent in February. Total printing-writing paper inventory levels decreased two percent from January 2017. Imports of printing-writing papers began 2018 four percent lower than January 2017 imports, while exports began the year 12 percent less than January 2017.
The Management Board of Arctic Paper has of February 22 and adopted a long-term financial target of EBIT 10 percent. The Management Board has also adopted a new strategy for its paper business – A Future in Paper - Strategic Agenda 2022 – showing the way to a growing and more profitable business. “Our mission is to offer a variety of superior, reliable and eco-friendly paper products and services which turn highly creative ideas into distinctive experiences and cater for the latest printing technologies. The new strategy is built on the ambition to reach a sustainably higher profitability, with a set target of EBIT 10 percent at the latest 2022”, comments Per Skoglund, CEO of Arctic Paper.
Effective with all new and existing orders with confirmed delivery dates of April 22, 2018 or later, Verso Corporation is increasing the transaction price of all Supercalendered grades, including but not limited to: Voyager® web; Superior Gloss® web. The increase applies to all basis weights, bulks, finishes and related private label grades.
Effective with all new and existing orders with confirmed delivery dates of April 22, 2018 or later, Verso Corporation is increasing the transaction price of all Coated Freesheet Sheets and Sheeter Roll grades, including but not limited to: Sterling® Premium sheets/sheeter rolls; Sterling® Premium Digital™ sheets/sheeter rolls; Sterling® Premium Digital™ for HP Indigo sheets/sheeter rolls; Anthem Plus® sheets/sheeter rolls; Blazer Digital® sheets/sheeter rolls. The increase applies to all basis weights, bulks, finishes and related private label grades.
This letter is to notify you that NORPAC will raise the price of our Norbrite grades effective with shipments/invoices on or after May 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. Additionally, be advised we plan to increase the price of our 27.7# (45.0 gsm.) standard newsprint. The increase will be phased in over two months as follows. $22.00 per metric ton on April 1, 2018 and $22.00 per metric ton on May 1, 2018. Prices for all other newsprint basis weights will be adjusted proportionally as per past practices.
Xanita, the makers of sustainable fiberboard, launched the Xanita Board in the USA and Canada. Xanita Board is being brought to market through a partnership with Mohawk Fine Papers Inc. The partnership will entail Mohawk taking the position of master distributor for Xanita Board in the North American region. Mohawk will offer the full range of Xanita products and have stock available until the end of March 2018. “The U.S. is by far the biggest market in our category, and we’re thrilled to have a partner like Mohawk to help maximize our position in the market,” says James Beattie, CEO, Xanita.
A household carbon footprint refers to the overall amount of greenhouse gas (GHG) emissions generated by all the energy and materials consumed by those who live in a home as they go about their daily lives. It is a common measure of the contribution of a single household to climate change. Understanding your carbon footprint can show opportunities for decreasing your consumption of energy and materials, and in turn, reducing your production of carbon emissions. By far the largest source of human-induced carbon emissions, is the burning of fossil fuels such as coal, oil, gasoline, diesel and natural gas. In GHG inventory and carbon footprint studies, the use of fossil fuels is usually the cause of elevated GHG emissions.
On World Water Day, attention is focused on the global risk of water scarcity due to increased demand and the effects of climate change. To address this challenge, Kimberly-Clark Corporation has partnered with research firm Deltares to launch WaterLoupe, an interactive, web-based tool to monitor local freshwater supplies and consumption trends and generate actionable insights to mitigate local water risks.
Yupo Corporation America has joined the Sustainable Green Printing Partnership, (SGP), as a Silver Level Patron. SGP is the leading authority in sustainable printing certifications for print manufacturers. Through its patronage, Yupo joins other print industry leaders dedicated to promoting sustainability, supporting the aims of SGP and keeping costs low for certification of print facilities. “Supporting SGP not only aligns with Yupo’s corporate sustainability functions, but demonstrates the company’s leadership and advocacy for sustainable print operations,” according to Marci Kinter, Chair SGP Technical Committee. “Although SGP does not certify Yupo products, it does recognize the role the company plays within the print value chain.”
So many designers hate talking about money, especially with their clients and prospects, which makes pricing one of the most dreaded aspects of being self-employed. I think that’s why so many designers resign themselves to pricing their services by the hour, and that is truly a tragedy. I get it. Pricing hourly is easy. All you have to do is track your time, multiply and submit an invoice.
You'll see the sentiment expressed in many of our AI Week articles, in other content at DMN, and even in AI-forward books like What To Do When Machines Do Everything. The human touch will still be needed. For marketing; for business in general. And that's correct. There's no doing without humans, not just for the immediate future, but possibly not at all. It's easy to agree with that, but in fact there's a very specific reason machines can't do what humans can do, and it's worth exploring what it is.
Oil prices rose on Friday after the Saudi energy minister said OPEC would need to keep coordinating supply cuts with non-member countries including Russia into 2019. Oil’s rise defied a slump in global stock markets, which fell in response to worries about a trade stand-off between the United States and China. Gold XAU=, seen as a safe haven, hit a two-week high. Brent crude futures LCOc1 were at $69.10 per barrel at 1136 GMT, up 19 cents but off a session high of $70. For the week, Brent was up about 4.4 percent, its strongest showing since October. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $64.57 a barrel, up 27 cents but below a session high of $65.42. On the week, WTI was up about 3.6 percent.
National Average Price for Regular Unleaded Current: $2.591 Month Ago: $2.523 Year Ago: $2.290
American Dollar to Canadian Dollar = 0.774435 American Dollar to Chinese Yuan = 0.158177 American Dollar to Euro = 1.235537 American Dollar to Japanese Yen = 0.009508 American Dollar to Mexican Peso = 0.053882
Quad/Graphics announced that it has increased its equity position in Rise Interactive, acquiring a majority ownership stake in the award-winning digital marketing agency. Quad/Graphics has owned a non-controlling interest in Rise since July 2016. The investment accelerates Quad’s ongoing transformation to leverage its strong print foundation as part of a much larger integrated marketing platform that addresses clients’ increasing need to reduce complexity and improve process efficiencies and marketing spend effectiveness. This industry-differentiating platform allows Quad to fulfill traditional agency functions, such as data and media strategy, while also providing integrated marketing execution across multiple channels – both online and offline. “We are pleased to strengthen our strategic partnership with Rise, which shares our Quad 3.0 vision for reinventing how clients plan, integrate, execute and measure campaigns more efficiently and effectively across all media channels,” said Joel Quadracci, Chairman, President & CEO of Quad/Graphics. Click Read More below for additional information.
"We have made significant progress executing on these initiatives since we closed on the acquisition just six weeks ago," said Meredith President and CEO Tom Harty. "For example, today we are announcing we have completed our portfolio review and decided to explore the sale of the TIME, Sports Illustrated, Fortune, and Money brands. These are attractive properties with strong consumer reach. However, they have different target audiences and advertising bases, and we believe each brand is better suited for success with a new owner. We are pleased with the inbound interest we have received, and we are confident these brands will be positioned for growth with an owner that shares Meredith's respect for editorial integrity and independence." Finally, Meredith announced headcount reductions, part of its plan to realize between $400 to $500 million of cost synergies from the Time Inc. acquisition. Approximately 200 employees have been notified that their positions have been eliminated. Additionally, Meredith said approximately 1,000 more positions will be eliminated over the next 10 months. Previously, Meredith announced the elimination of approximately 600 positions as it transitions subscription fulfillment operations to a lower-cost provider. These headcount reductions do not include the impact of any potential divestitures. Click Read More below for additional information.
Sonoco announced it has signed a definitive agreement to acquire Highland Packaging Solutions for approximately $150 million in cash. Highland is a privately owned producer of thermoformed plastic packaging for fresh produce and dairy products, based in Plant City, Fla. The transaction is subject to normal regulatory review and is expected to close in the second quarter of 2018. Owned by Steve Maxwell, Chief Executive Officer, and John Durham, along with select members of the company’s leadership team, Highland has grown from a regional supplier of agriculture packaging products into a global packaging company with 2017 net sales of approximately $90 million. The Company has approximately 425 employees operating a world-class production facility in Plant City producing a total packaging solution for customers that includes sophisticated engineered containers, flexographic printed labels and inventory management through distribution warehouses in the Southeast and West Coast of the United States. Click Read More below for additional information.
Lineo™by Stora Enso, a renewable replacement for oil-based phenolic materials, has been awarded ‘Bio-Based Product of the Year’ at the Bio-Based World News Innovation Awards 2018. Shortlisted alongside products from Clean Plus Inc. and The Chemours Company, the judges recognised the potential of Lineo, made from versatile wood-based raw material lignin. Lineo can be used in a range of applications where fossil-based materials are currently used. Markus Mannström, Executive Vice President of the Stora Enso Biomaterials division, says, “We are delighted that Lineo™ by Stora Ensohas been recognised as an innovative, important bio-based product. Made from lignin, an abundant product and one of the main building blocks of a tree, Lineo is a step towards replacing fossil-based products with renewable solutions. Click Read More below for additional information.
Allen Press, Inc. is pleased to announce the addition of Kathy Lafferty to our local sales team. Lafferty joins Allen Press with over 33 years of experience in print publishing, advertising sales and marketing. In her role as Sales Executive, Lafferty will leverage her vast experience and industry knowledge to grow Allen Press’s digital printing, direct mail and marketing services in Lawrence and surrounding areas. “Kathy is an excellent addition to our sales team as she has immense business knowledge with magazines, niche publications, newspapers and integrated marketing,” said Maria Preston-Cargill, Allen Press Senior Vice President of Sales and Marketing. “She has been a leader in the Lawrence and Topeka communities for over 30 years and will be an important asset as Allen Press expands its local presence.” Click Read More below for additional information.
Oil prices are approaching the highs of January, after a wider market rout spurred the worst February decline in half a decade. The Organization of Petroleum Exporting Countries and its allies have concluded they will eradicate the oil surplus by September even as investors continue to weigh those comments against surging U.S. crude production. U.S. crude inventories fell by 2.62 million barrels last week, the Energy Information Administration said Wednesday. Analysts had forecast a gain of 3.25 million barrels, and only two of the 12 surveyed had expected a decline. America’s gasoline inventories also tumbled for a third week to the lowest level since late January, while distillate stockpiles contracted for a sixth straight week to the least since December. Click Read More below for additional information.
Midland Paper, Packaging & Supplies, one of North America's largest independent distributors of media for business communications, will feature a brand new synthetic paper product line for HP Indigo print technologies at Dscoop 2018 in Dallas TX. Blanks/USA Plastic Paper is a waterproof poly film that can be used in a multitude of applications such as menus, maps, brochures, instruction manuals, tags and point-of-purchase signage. Blanks/USA Plastic Paper is manufactured in 8 mil, 12 mil and 16 mil constructions and is available in all HP Indigo sizes including B-2. These products can be easily folded, stitched, die-cut, drilled, UV coated and laminated. The entire product line has RIT 3 Star certification. Click Read More below for additional information.
As part of a settlement entered into by Verso with two Canadian producers of supercalendered papers, Verso today requested that the U.S. Department of Commerce revoke its order imposing duties on supercalendered papers made by those Canadian producers and imported into the U.S. The SC paper tariffs were intended to offset the impact of Canadian subsidies paid to Canadian producers of SC paper in order to help U.S. producers who were injured by the subsidized imports. However, injurious Canadian SC imports continue to enter the United States even with the tariffs, and imports from other non-U.S. SC producers which are not subject to the tariffs have increased. These factors offset the benefits of the tariffs to Verso. If the Department of Commerce grants Verso’s request to revoke the tariffs, it could provide Verso with a meaningful amount of cash over time, which we will evaluate how to use to best benefit our company and make us an even healthier supplier. However, there is no assurance that the Department of Commerce will grant our request to revoke the tariffs or that such funds will be provided to Verso. Be assured that we continue to make supercalendered paper at the Duluth Mill. Verso’s decision to settle the trade case is unrelated to any decisions about potential changes to Verso’s production assets at the Duluth Mill or to the types of products we make there.
The two new containerboard production lines will be designed to produce high-quality testliner grades out of 100 percent recycled raw materials as the four production lines ordered last year. The start-ups of PM 43 and PM 45 are scheduled to take place within a few months' timeframe in 2019. The start-ups of the four previous production lines are scheduled to take place a few months apart from each other starting from mid-2018. PM 43 and PM 45 will produce testliner grades with a basis weight range of 75-140 g/m2. Click Read More below for additional information.
Futures rose as much as 1.2 percent to a six-week high, after advancing 2.1 percent on Tuesday. Donald Trump hinted at withdrawal from a deal curbing Iran’s nuclear program as Saudi Arabia’s Mohammed Bin Salman began a U.S. visit. Such a decision would raise the risk of the OPEC member’s oil exports being curtailed by sanctions. The specter of conflict involving giant producers is jolting prices, which have traded in a tight range since February. With the Organization of Petroleum Exporting Countries and its allies concluding that the market will rebalance by the end of September, Citigroup Inc. predicts oil’s recent “sideways” move is unlikely to last. Still, investors will be wary of growth in U.S. supply, which has threatened to undermine OPEC’s efforts to eliminate a global glut. Click Read More below for additional information.
“Execution of our long-term growth strategies, customer demand for the unique value of our broad portfolio of solutions and healthy growth in the global economy are driving our performance,” said Frederick W. Smith, FedEx Corp. chairman and chief executive officer. “We expect strong operating performance in each of our transportation segments in the fourth quarter.” Operating results benefited from higher base rates, increased volume at FedEx Ground and FedEx Freight, and a favorable net impact from fuel. Results were negatively affected by significantly higher variable compensation accruals, increased peak-related costs at FedEx Express and the impact of adverse weather. Variable compensation increased in connection with the company’s pay actions that were announced following the passage of the TCJA. These variable compensation accruals include the year-to-date impact of the announced changes. TNT Express integration expenses were also higher. Click Read More below for additional information.
Celebrating its 20th anniversary, Athleta announced it has earned B Corp Certification from the nonprofit B Lab, becoming one of the largest apparel companies in the world to certify as B Corp. B Corp Certification requires a holistic review of a business’ social and environmental performance, accountability and transparency, and is based on a vision of creating a community of for-profit companies committed to redefining success in business. “We believe with Athleta’s growth, comes even greater responsibility to lead as a force for good,” said Athleta CEO and President Nancy Green. ”Athleta has been at the forefront of empowering and celebrating women for two decades; this B Corp Certification accelerates our course forward as a purpose-driven brand, honoring our mission to ignite a community of healthy, confident, active women and girls; and cementing our commitment to environmental sustainability.” Click Read More below for additional information.
Olov Winblad von Walter has been appointed VP, Husum Board and Pulp Mill. He will be responsible for managing Metsä Board’s integrated board and pulp mill at Husum. Winblad von Walter will start 20 September at the latest, and will report to Harri Pihlajaniemi, SVP Production at Metsä Board. Olov Winblad von Walter has extensive experience in the forest industry with companies including Iggesund Paperboard, Metsä Board, APRIL Fine Paper and MoDo Paper. He succeeds Pertti Hietaniemi, who will continue in his present position until Winblad von Walter’s start date. Metsä Board’s Husum mill is an integrated board and pulp mill producing fresh fibre folding boxboard, food service board and white kraftliner as well as bleached market pulp.
The increase will be valid for deliveries ex mill from May 1st, 2018 onwards. The costs for carbonless paper in reels and sheets continue to rise. Prices for pulp, chemicals, especially for leuco dyes, result in considerably higher production costs. It is therefore inevitable to increase sales prices globally for carbonless paper as well. The increase will be 6 - 8% and be valid for deliveries from May 1st onwards.
To say that forests are important for life is an understatement. We depend on them for food, medicines, shelter, biodiversity, fuel, pulp and paper, jobs, recreation, fresh water, clean air, and even the climate. The biggest threats to the world’s forests today are deforestation and forest degradation. Both can be drivers of accelerated global warming, loss of biodiversity, and disruption of livelihoods, among other negative impacts. A ‘working forest’ aims to ensure long-term availability of a wide range of forest products and services. So that forests are protected and continue to function and provide benefits in the long-term, we have to take into account the entire landscape, with its different land uses and numerous stakeholders. Click Read More below for additional information.
Forests and trees store carbon, which helps mitigate the impacts of climate change in and around urban areas. Trees also improve the local climate, helping to save energy used for heating by 20-50 percent. Strategic placement of trees in urban areas can cool the air by up to 8 degrees Celsius, reducing air conditioning needs by 30 percent. Urban trees are excellent air filters, removing harmful pollutants in the air and fine particulates. Trees also reduce noise pollution, as they shield homes from nearby roads and industrial areas. Local populations use the fruits, nuts, leaves and insects found in urban trees to produce food and medicines for use in the home, or as a source of income. Moreover, wood fuel sourced from urban trees and planted forests on the outskirts of cities provides renewable energy for cooking and heating, which reduces pressures on natural forests and our reliance on fossil fuels. Click Read More below for additional information.
Avery Dennison Graphics Solutions announced the launch of its new Cut Vinyl Film Portfolio, re-engineered for industry-leading weeding performance and a longer shelf life. The Portfolio of films is incorporated in the “Color with Character” theme of the Avery Dennison Booth #3623 at ISA Sign Expo, March 22 - 24, 2018 in Orlando, Florida. The Cut Vinyl Film Portfolio features HP750 High Performance and SC950 Supercast Film in the broadest color selection available. The films feature an enhanced shelf life and the fastest and easiest weeding, when compared to competitive products, for best-in-class results. The films in the Cut Vinyl Film Portfolio are ideal for indoor and outdoor signage, fleet graphics and crafting. Additional product details can be found at graphics.averydennison.com/CutVinylFilms. Click Read More below for additional information.
Please be advised that we will increase our prices by $2.00/CWT for shipments West of the Rockies on all Rolland printing and publishing grades, effective with shipments on or after April 15th 2018. Price increases apply to all; rolls, folio and cut size. All standard upcharges will remain unchanged. Orders already confirmed for shipment on or before April 15th 2018 will be priced as acknowledged.
AF&PA President and CEO Donna Harman issued the following statement in strong support of the North American Free Trade Agreement (NAFTA). AF&PA and member company leaders will meet with administration and Congressional offices on March 20 to advocate for free and fair trade policies that recognize the strong global position of the paper and wood products industry. “NAFTA countries account for $9.6 billion or 45% of our industry’s pulp and paper exports, making them a vital industry market. As negotiators work to modernize NAFTA with Canada and Mexico, we support constructive changes that will ensure these markets remain open to our country’s exports and recognize the benefits of an interconnected supply chain. Maintaining open access for U.S. exports and a level playing field for U.S. companies, retaining the investor-state dispute settlement mechanism, implementing transparent and sound science-based regulatory practices and combatting illegal logging and associated trade remain our top priorities. Click Read More below for additional information.
Total boxboard production increased 2.4 percent when compared to February 2017, but decreased 4.8 percent from last month. Unbleached Kraft Boxboard production increased over the same month a year ago, but decreased compared to last month. Total Solid Bleached Boxboard & Liner production increased when compared to February 2017 and increased compared to last month. The production of Recycled Boxboard decreased compared to February 2017 and decreased when compared to last month.
Futures in New York rose as much as 1.2 percent after dropping on Monday. While U.S. inventories are forecast to have added 3.4 million barrels last week, that would mark slower growth than the prior week. OPEC and its partners, which are cutting output to ease the global glut, still expect markets to balance by about the third quarter, according to people familiar with the matter. U.S. crude inventories are at their highest since December and probably grew again last week, according to a Bloomberg survey before government data due Wednesday. While supplies are set for a fourth weekly advance, the expected increase is smaller than the 5 million-barrel gain a week earlier. Click Read More below for additional information.
Gap Inc. unveiled a new sustainable manufacturing goal to conserve a total of 10 billion liters of water by the end of 2020; those water savings would be the equivalent volume of the daily drinking water need for 5 billion people. Product innovation and efficiency improvements at fabric mills and laundries will be key to achieving these water savings. Progress towards the goal is already underway: since 2014, Gap Inc.-led projects have saved more than 2.4 billion liters of water. “Water is critical to nearly all aspects of our business, and we recognize the responsibility and the opportunity we have to reduce the amount of water used to create our products. Leveraging the power of product innovation and improved manufacturing practices, we can help ensure that our customers not only look great in their favorite jeans and t-shirts, but also feel good about how their purchases are helping to make a positive impact for communities and helping to tackle global water scarcity,” said Christophe Roussel, Executive Vice President of Global Sourcing at Gap Inc. Click Read More below for additional information.
The new Versafire EV is able to print white first and the CMYK process colors on top, creating strong luminous images when printing on colored substrates and achieving new unusual effects. Where previously several processes were required, it is all done now in a single pass. The new automatic inline calibration and inline register provide a high degree of stability, precision and improved quality. Inline color measurement and automatic calibration take place ahead of the printing process and ensure constant color stability across the entire run. Top image quality is achieved thanks to the new resolution of 4,800 × 2,400 dpi. Click Read More below for additional information.
Monadnock Paper Mills, Inc. introduces Ultrahide® Blockout Poster. Ultrahide is a high-performance, Forest Stewardship Council Certified, 100 percent opaque blockout poster stock ideal for indoor retail, hospitality and event signage. Ultrahide is engineered for superior performance in varying moisture conditions. The bright white, coated printing surface is optimized for excellent photographic reproduction using offset, screen, latex inkjet, and UV inkjet printing equipment. The single-ply construction makes the product more stable and more economical than pasted alternatives on the market. Click Read More below for additional information.
Members of the printing, publishing and paper-producing industries, which employ more than 600,000 workers, are announcing the formation of Stop Tariffs on Printers & Publishers (STOPP), a coalition to fight proposed countervailing duties (CVD) and anti-dumping duties (AD) on imports of Canadian uncoated groundwood papers, including newsprint and other papers. These preliminary duties, which were assessed by the Department of Commerce in January and March, respectively, are the result of a petition filed by one company, North Pacific Paper Co. (NORPAC), an outlier in the paper industry that is looking to use the U.S. government for its own financial gain. The STOPP coalition is concerned that these CVD and AD duties, which range up to 32 percent combined, will saddle U.S. printing and publishing businesses with increased costs and threaten thousands of American jobs. The Coalition is asking the International Trade Commission (ITC) and the U.S. Congress to reject these newsprint tariffs and protect U.S. jobs. With the announcement, STOPP has launched a new website: www.stopnewsprinttariffs.org and is inviting other interested parties to join in the fight to overturn these tariffs. Click Read More below for additional information.
Smurfit Kappa’s Mengíbar Paper Mill in Spain is celebrating its 50th anniversary. The mill first opened its doors in 1968 and quickly established itself as a strategic partner for innovative paper solutions. The Mengíbar Paper Mill uses recycled fibres to make high-quality containerboard for corrugated packaging. The mill’s location in Southern Spain puts it in a prime position to serve Smurfit Kappa’s extensive network of corrugated plants. The close integration between the Mengibar Paper Mill and the corrugated plants enables Smurfit Kappa to facilitate customers’ needs at a moment’s notice. With 121 employees, the mill is a key local employer with many families having two and sometimes even three generations working there since the mill opened 50 years ago. Click Read More below for additional information.
UPS led consortium has deployed a radical new charging technology in London that overcomes the challenge of simultaneously recharging an entire fleet of electric vehicles (EVs) without the need for the expensive upgrade to the power supply grid. The breakthrough signals the beginning of the end of a reliance upon traditional combustion engine powered vehicles by allowing UPS to increase the number of EVs operating from its central London site from the current limit of 65 to all 170 trucks based there. This major advance – believed to be the first time these systems have been deployed at this scale anywhere in the world – is the result of the ‘Smart Electric Urban Logistics (SEUL)’ project with UK Power Networks and Cross River Partnership, with funding secured from the UK’s Office for Low Emission Vehicles. “UPS thinks this is a world first, right in the heart of a mega-city. We are using new technology to work around some big obstacles to electric vehicle deployment, heralding a new generation of sustainable urban delivery services both here in London and in other major cities around the world,” said Peter Harris, director of sustainability, UPS Europe. “Electric vehicles are an integral component within UPS’s alternative fuel and advanced technology fleet. Our collaboration with UK Power Networks and Cross River Partnership marks a major turning point in the cost effective deployment of electric vehicles which in turn will play a key role in ensuring the global trend toward urbanization is sustainable. We are applying new technology to make the charging process smarter and our delivery service cleaner.” Click Read More below for additional information.
Sappi North America announces a transactional price increase on new and unconfirmed orders that book with confirmed delivery dates on or after Monday, April 16, 2018 on the following products: • Opus Folio Sheets, Digital Sheets and Sheeter Rolls – all basis weights, all finishes • Flo Folio Sheets, Digital Sheets and Sheeter Rolls – all basis weights, all finishes • EuroArt Folio Sheets, Digital Sheets and Sheeter Rolls – all basis weights, all finishes. Standard differentials and upcharges apply. This price increase includes all private label programs.
Midland Paper, Packaging & Supplies, one of North America's largest independent distributors of media for business communications, is excited to feature Diamond Print Glitter at Dscoop 2018 in Dallas TX. Diamond Print Glitter is a brand new product developed by Harmony Paper that is unlike any other product on the market. Offering a tactile finish, the shimmer and shine you expect from traditional glitter paper, with none of the shedding, flaking or cracking, Diamond Print Glitter application opportunities are endless. The 3 Star RIT rated sheet is made using environmentally friendly materials and proprietary, patent pending coatings in a process that allows a wide variety of substrate versions. The Diamond Print Glitter product line will be available from Midland Paper in sizes for both series 3 and series 4 HP Indigo presses. Click Read More below for additional information.
Please be advised we plan to increase our Standard Newsprint price by US$ 65.00 per metric tonne (for 45.0 gsm), effective with shipments on or after April 1st, 2018 and by US$ 65.00 per metric tonne (for 45.0 gsm), effective with shipments on or after May 1st, 2018. Prices for our other basis weights as well as our bulky book and other specialty grades will be adjusted accordingly.
Containerboard production was down 3.0 percent compared to February 2017 and down 1.1 percent year-to-date. The month-over-month average daily production compared to January 2018 was 3.2 percent lower. The containerboard operating rate was 94.1 percent, or 3.1 percentage points lower than the same month last year. Production for exports was 6.0 percent lower than February 2017 and 8.4 percent lower year-to-date.
Total Packaging Papers shipments were 207,700 tons, 3.1 percent lower than February 2017. Bag & Sack shipments were down 8.6 percent year-to-date and Multiwall shipments were down 14.5 percent, while Food Wrapping shipments and Converting shipments were both down less than 1 percent. The operating rate for February increased to 88.5 percent from 84.3 percent in January. Inventories were 175,600 tons, up 2.2 percent since January.
“As we review the details of the DC Circuit Court’s ruling, we are pleased the court upheld the practical start-up and shut-down provisions but continue to urge the EPA to conclude a 25-year rulemaking roller coaster ride by responding quickly to the court’s remand on the carbon monoxide limits. Our companies are focused on generating essential power from their boilers and deserve affordable and achievable standards that are not constantly in flux.”
Kohl’s Kitchen Products scored two of the top five most remembered print ads placed in culinary magazines in December, based on data from GfK MRI’s Starch Advertising Research. In the epicurean category, the highest noted ad score—that is, the percentage of readers of an issue who recalled noticing the advertisement—went to a two-page ad for the book “At the Southern Table with Paula Deen,” which appeared in the December issue of Cooking with Paula Deen. It scored a 90 percent. Two separate gatefold ads for Kohl’s Kitchen Products (Food Network Magazine) checked in at 89 and 82 percent, and KitchenAid Multi Major Appliances (Food & Wine) had a score of 85. Click Read More below for additional information.
Koehler Paper Group, leading manufacturer of thermal paper is increasing prices for its thermal paper product range by 10 - 12% for new orders, effective immediately. This increase is driven by the global shortage of Leuco dye (ODB-2 color former), resulting in an unprecedented cost increase for this essential chemical used in thermal paper production.
The tissue production group is expanding its US presence through an integrated plant (paper mill and converting) in Inola with an output of 120,000 metric tons a year, a total investment of 360 million dollars within 2020. Sofidel's first greenfield investment in the US, in Circleville, Ohio, will instead be completed by the end of 2018. Sofidel, one of the global largest tissue (paper for hygienic and domestic use) production players, today announces a major new stage in its journey of international growth, initiating a new greenfield investment in the United States to build an integrated plant - i.e. including both the paper mill and converting lines - in Inola, Oklahoma, around 30 miles east of Tulsa. Click Read More below for additional information.
Unit sales of print books in the week ended Mar. 12, 2018, inched ahead 1% over the comparable week in 2017, at outlets that report to NPD BookScan. For the third consecutive week, the juvenile categories drove the sales gains. Unit sales in the juvenile nonfiction segment rose 8% over the week ended Mar. 11, 2017. Although children’s board books had a good week overall (unit sales were up 17%), two Chelsea Clinton titles helped lift sales in the category. She Persisted Around the World by Clinton and Alexandra Bolger sold more than 11,000 copies in its first week. The book is a follow-up to the pair’s She Persisted, which sold nearly 8,000 copies in the week, putting the titles in second and sixth place, respectively, on the category bestseller list. The release of the film A Wrinkle in Time pushed up two editions of the Madeleine L’Engle book into the first and sixth spots on the juvenile fiction bestseller list, helping raise unit sales in the segment 7%. Click Read More below for additional information.
At UPM Raflatac, responsible sourcing is the foundation of responsible business. With a diverse global supplier network such as ours, working together in partnership is essential in our journey toward a more sustainable future. To demonstrate the importance of responsible sourcing and to commit our suppliers to sustainability, we have created the Label Life Awards concept. This year, the Label Life Awards event will take place at the UPM-Kymmene head office in Helsinki, Finland on March 22, 2018. "The Label Life Awards are the most visible way to demonstrate UPM Raflatac's commitment to responsible sourcing and responsible business practises. They are a special recognition for those UPM Raflatac suppliers who operate responsibly and enable us to identify potential areas for cooperation in the field of sustainability", says Maria Seppälä, Vice President, Sourcing, UPM Raflatac. Click Read More below for additional information.
Oil prices slipped Monday, giving back some of a steep climb from Friday seen after Saudi Crown Prince Mohammed bin Salman said the kingdom would develop nuclear weapons if arch-rival Iran did. Underpinning prices are tensions between Saudi Arabia and Iran, which are seen potentially disrupting global supplies. The Saudi crown prince visits the U.S. this week, which could provide plenty of headlines, as the Trump administration has called for a new look at the Iran nuclear pact. Trump told European leaders they must “fix the terrible flaws” in the deal or the U.S. would refuse to extend its sanctions relief on Iran. Click Read More below for additional information.
We are announcing a US$70/MT (45 gsm) newsprint price increase to be phased in over two months. The price will increase by US35/MT (45 gsm) effective with shipments on or after April 1, 2018 and a second US$35/MT (45 gsm) will be implemented on shipments on or after May 1, 2018. The transaction price for all other basis weights and other Uncoated Groundwood products (Krubook and Krubrite) will be adjusted accordingly.
Brazil’s Suzano Papel e Celulose SA will pay Fibria Celulose SA’s shareholders 52.50 reais ($15.92) per share in a merger that will create the world’s largest pulp maker, the companies said in statements on Friday. Additionally, Fibria’s shareholders will receive 0.4611 shares of Suzano for every share they hold in Fibria. Click Read More below for additional information.
In response to the announcement by the Department of Commerce regarding preliminary anti-dumping duties on Canadian imports of Uncoated Groundwood (UGW) Paper, Printing Industries of America President and CEO Michael Makin made the following statement: “Yesterday, the Department of Commerce announced preliminary anti-dumping duties of up to 22.16 percent on Canadian imports of Uncoated Groundwood (UGW) Paper. This is compounded by preliminary countervailing duties averaging 6.5 percent on the same product announced in January. These tariffs will negatively impact paper used for newsprint, directories, book publishing, and advertising circulars, raising costs for production and, ultimately, print customers. In an industry in which it is difficult to absorb forced cost increases, the effect will likely be less production, fewer pages printed, a faster shift to digital content of news and books, and more diversion of advertising from print to electronic platforms. All of this havoc has been caused by one company in the paper industry filing a trade remedy case alleging unfair trade practices by Canada. The majority of U.S. newsprint manufacturers, the trade associations representing the industry, and U.S. customers oppose the trade petition on UGW paper. Click Read More below for additional information.
Premier Dwight Ball is worried about the impact of huge tariffs on newsprint from Corner Brook Pulp and Paper, following the introduction of another new tarriff by the United States. Just two months after the mill was hit by an export duty of nearly 10 per cent, the U.S. Department of Commerce on Tuesday announced an anti-dumping duty of 22.16 per cent — the result, it says, of a preliminary investigation that found Canadian exporters underpriced uncoated groundwood paper by up to that amount. The total tariffs will now add 32 per cent to the cost of newsprint — the highest duties of any mill in Canada. Click Read More below for additional information.
National Average Price for Regular – Current: $2.532; Month Ago: $2.544; Year Ago: $2.290. National Average Price for Diesel – Current: $2.930; Month Ago: $2.976; Year Ago: $2.515.
American Dollar to Canadian Dollar = 0.764196; American Dollar to Chinese Yuan = 0.158084; American Dollar to Euro = 1.232922; American Dollar to Japanese Yen = 0.009467; American Dollar to Mexican Peso = 0.053323.
Oil has been trading in a tight range this month, with prices hovering around $60 a barrel as rising U.S. output continues to stoke fears that a shale boom will limit price increases. Still, the Organization of Petroleum Exporting Countries and allied producers are continuing production cuts in an effort to drain a global glut and help prop up prices. A robust global economy has also led banks including Goldman Sachs Group Inc. to project strong demand for oil this year. The IEA raised its estimate for global oil demand growth by 90,000 barrels a day to 1.5 million a day in 2018 as a stronger outlook for developed economies offsets weakening expectations for emerging nations. Steady growth was also reflected in the American Petroleum Institute’s latest report showing U.S. oil consumption rose to the highest in 11 years even as crude production hit a new monthly record. Click Read More below for additional information.
Fortress Global Enterprises Inc. is pleased to announce that it has signed a share purchase agreement (the "SPA") with S2G Biochemicals Inc. ("S2G") and its shareholders, whereby the Company will acquire all of the issued and outstanding common shares of S2G for a purchase price of $2,500,000, payable by the issuance of 666,652 common shares of the Company at a deemed price of $3.75 per Fortress Global share. Upon completion of the transaction, Fortress Global, intends to commission the construction of a demonstration plant to produce xylitol at its Fortress Specialty Cellulose (“FSC”) Mill, utilizing proprietary process technologies, know-how and expertise developed by S2G and Mondelez International, Inc. Xylitol is a naturally occurring sugar polyol that has a sweetening property matching that of cane sugar but with 40% fewer calories. In addition, based on third-party research, the Company believes that xylitol is currently the best nutritive sugar substitute with respect to the prevention of dental cavities. Click Read More below for additional information.
Kenneth Nystén has a solid background in the pulp and paper industry, from various positions in companies such as Stora Enso and Metsä-Serla. He comes most recently from the Finnish chemicals company Kemira Oy. Kenneth Nystén was born 1958 in Espoo, Finland. He holds a Bachelor degree in Economics from Uppsala University and an MBA from Seton Hall University in the U.S. “Kenneth is a driven business manager with a broad experience from leading positions within our industry, in particular the paperboard industry. His proven ability to create strong results and motivated sales teams, will be of great importance as we move forward and further develop our paperboard business” says Daniel Peltonen, President and CEO at Iggesund Paperboard. Click Read More below for additional information.
INTERFOR CORPORATION announced that it has published its first corporate sustainability report; it can be viewed online: www.interfor-sustainability.com. The report highlights Interfor’s commitment to making quality lumber products, managing forests sustainably, providing meaningful and safe jobs for employees, investing in our facilities, operating to strict environmental parameters and supporting local and First Nations communities. Click Read More below for additional information.
Klabin’s Beekeeping and Meliponiculture Program has recently expanded its activities to the cities of Otacílio Costa, Santa Catarina, and Angatuba, São Paulo, where the company already has forest and industrial operations. With this expansion, the program now includes 49 beekeepers and 78 apiaries, with another 24 partners expected to be added from the two new cities by the end of 2018, to reach more than 100 apiaries, spread over forests in 12 cities in the states of Paraná, São Paulo and Santa Catarina. For 80 million years bees have been performing the crucial task of pollinating plants and are thus considered the most efficient animals to transport pollen from one flower to another. One such example is the melipona bee that is native to Brazil, which is responsible for 40% to 90% of the pollination of our native forests. Due to environmental changes caused by the actions of human beings, bees in general run the risk of extinction and, without them, honey and more than 80% of the food consumed by human beings today will cease to exist. Click Read More below for additional information.
Mondi has launched Orange Board, a new customer service brand covering a full range of technical sales services for containerboard customers. Taking into account the importance of customer service and the value of round-the-clock support, Mondi Containerboard has updated its offering and aligned its three service packages under a new umbrella brand. Orange Board offers customers enhanced services including a new 24/7 online platform called Corrugated Paper Expert; seminars and workshops covering the entire value chain from the forest to corrugated box performance; country-specific seminars to equip customers for their marketplaces and enable tailor-made consultations at customers' sites. Click Read More below for additional information.
Norbord Inc. announced that a shortage of wood will cause it to temporarily suspend production at its oriented strand board (OSB) mill in 100 Mile House, British Columbia. Norbord currently expects the suspension to commence on or about May 14, 2018 and to continue for approximately one month. The significant wildfires that the province of British Columbia experienced in the summer of 2017 seriously damaged logging areas surrounding the 100 Mile House mill. Further, the severe weather conditions this winter have limited loggers' ability to access the forests during the months when the mill typically builds its annual log inventory. Combined, these extraordinary circumstances have impacted Norbord's ability to secure a sufficient wood supply to operate the mill on a continuous basis during this one-month period. Click Read More below for additional information.
Sappi North America opened the 20th and final North American Printer of the Year Awards call for entries. As with previous years, winners will be recognized for print excellence and innovation across eleven categories for work produced primarily on Sappi paper and paper-based packaging. The Sappi Printer of the Year Awards program has been regarded as the printing industry's most respected accolade for the past two decades, making its last iteration bittersweet for organizers. "We are so proud of the work that has been accomplished using Sappi products over the last 20 years. Printers continue to surprise us with new and innovative ways to show the power of print in our lives through their work," said Patti Groh, director of marketing communications, Sappi North America. "We are grateful for the ongoing commitment and excitement from our customers that has allowed this program to run for so long. As we look to the future, we're excited to continue our evolution and introduce new resources for printers and creatives." Click Read More below for additional information.
For the Fourth Quarter of Fiscal 2017 • Net sales increased 22.6% to $1,937.6 million compared to $1,580.6 million in the fourth quarter of fiscal 2016. Excluding the impact of the 53rd week in fiscal 2017, net sales increased 15.7%; • Net sales in the 53rd week were $108.8 million and represented approximately $0.14 of diluted earnings per share; • Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 8.8% compared to an increase of 16.6% in the fourth quarter of fiscal 2016. The 8.8% comparable sales increase was driven by 6.2% transaction growth and 2.6% growth in average ticket; • Retail comparable sales increased 4.2%, including salon comparable sales growth of 3.2%; Click Read More below for additional information.
UPM Raflatac's new Premium Gloss UVI product, the highest quality premium-gloss paper labelstock for UV ink-jet printing on the market, continues to receive rave reviews from the industry. The latest comes from Domino, which is one of the industry-leading printing press manufacturers UPM Raflatac collaborated with to ensure the product would achieve excellent print quality on their machines. "We endorse UPM Raflatac's new Premium Gloss UVI product," says Dale Rawhoof, Product Manager, Digital Printing, Domino. "Ideal for multicolor labels, their new product reproduces images with an almost photograph-like quality, every time, which is a true innovation for semi-gloss papers on UV ink-jet printers. Domino is proud to have worked closely with UPM Raflatac to help them bring this innovative, superior solution to market." Click Read More below for additional information.
Saudi Arabia plans to keep its crude oil production in April below 10 million barrels per day (bpd), and maintain exports under 7 million bpd, the energy ministry said on Wednesday, as the top OPEC producer wants to end a global supply glut and boost prices. Saudi Arabia, the world’s biggest oil exporter, has been pumping below its OPEC target since January and reducing its crude shipments, particularly to the United States, as it turns its focus on cutting exports in an attempt to drain global oil stocks. Click Read More below for additional information.
Sonoco has been awarded several Gold- and Silver-level Achievement Awards at the Flexible Packaging Association (FPA) Annual Meeting. Sonoco’s PrimaPak® package for Perfetti Van Melle Mentos® SHARE-A-BOWL™ was awarded a Gold Award for Packaging Excellence, a Silver Award for Expanding the Use of Flexible Packaging and a Silver Award for Technical Innovation. Sonoco’s PromoPeel™ integrated label technology for flexible packaging was awarded a Silver Award for Printing and Shelf Impact. “We’re so proud of these achievements – it’s an honor to be recognized by our peers,” said Ross Bushnell, division vice president and general manager, Sonoco Global Flexibles. “As a company, we value brand and consumer insights as the engine for innovation. Each of these new technologies represents unmet needs in the marketplace, delivering added value to both customers and consumers, and that’s a powerful combination.” Click Read More below for additional information.
LSC Communications has signed multi-year, multi-million-dollar agreements with Bauer Media Group USA to provide distribution and cooperative mailing services for Bauer's magazines sold through retail and subscription channels. LSC's logistics planning system and state-of-the-art cooperative mailing platform will help Bauer achieve optimal delivery costs and qualify for the best possible postal rates for the publisher’s magazine circulation. According to Dave Cardona, President of Magazine Sales for LSC Communications, “Two key differentiators for LSC include our industry-leading cooperative mailing services and our efficient solutions to reach retailers through the newsstand distribution channel. We are thrilled that Bauer is leveraging our platform to reach their audience more effectively.” Click Read More below for additional information.
Catalyst Paper will continue to vigorously defend itself against an unwarranted and onerous U.S. trade action following today’s disappointing decision by the U.S. Department of Commerce that it will impose a 22.16% anti-dumping duty deposit on the company’s exports of uncoated groundwood paper products. Uncoated groundwood directory paper was excluded from the duty. “We are very disappointed with this decision,” says Ned Dwyer, President & Chief Executive Officer. “This U.S. trade action is unwarranted and without merit.” Click Read More below for additional information.
On behalf of the workers in our sector, Forest Products Association of Canada is disappointed in this outcome and strongly believes that these duties are completely unjustified and represent a costly and losing proposition for workers and paper customers on both sides of the border. FPAC applauds the swift response issued last night from Foreign Affairs Minister Chrystia Freeland and Natural Resources Minister Jim Carr – they unequivocally defended Canada’s interests. In addition to strongly defending Canadian workers and businesses against these unfounded duties imposed by our U.S. neighbours, FPAC is calling on the Trudeau government to do the following: •Continue efforts to support industry’s efforts to aggressively diversify export markets. •Partner with FPAC and Canada’s forest products sector and our workers to further enable the transformation of our sector into new and innovative product areas. •Activate employment support programs for any Canadian workers who might be impacted in the event of reduced shifts or job losses. Click Read More below for additional information.
The world of the future must run on renewable raw materials instead of fossil fuels. Wood is the best renewable raw material, and in Finland it grows faster than it is used. Digitalisation is transforming the Finnish forest industry, providing unprecedented solutions that make forests more intelligent. Data can be collected from forests using innovative methods, and modern data can be used to optimise forest use and management. Virtual forests are also emerging. Metsä Group, a Finnish forest industry company, has developed innovative digital services for forest owners and leads the way in the industry. Finland is the most forested country in Europe: forests cover more than 75 per cent of the country’s area. As a result of sustainable forest use and management over the decades, the amount of wood that grows every year exceeds clearly the amount used. Click Read More below for additional information.
Orient Paper, Inc. announced that it resumed production at its manufacturing facilities on March 14, 2018. Production had been suspended since late January due to a government-mandated restriction on the supply of natural gas.
The streak of monthly bookstore sales declines reached six in January. According to preliminary estimates from the U.S. Census Bureau, bookstore sales fell 9.1% in January 2018 compared to the first month of 2017. Sales fell from $1.42 billion last year to $1.30 billion. The January drop followed sales declines in the last five months of 2017 compared to the same period in 2016. For all of 2017, bookstore sales fell 3.6%. Click Read More below for additional information.
Operating income for the fourth quarter of 2017 was $4.1 million compared to an operating loss of $8.1 million in 2016. Fourth quarter results include non-cash pretax asset impairment charges of $3.2 million in 2017 compared to $1.2 million in 2016. Excluding these charges, adjusted operating income for the fourth quarter was $7.3 million, up $14.3 million from the adjusted operating loss of $7.0 million in 2016 (see Note 1). Net loss for the fourth quarter was $0.4 million or $0.01 per diluted share compared to a net loss of $4.9 million or $0.11 per diluted share in 2016. Click Read More below for additional information.
TC Transcontinental Packaging is pleased to announce that it has won the Gold award for Sustainability with its compostable peanut bag at the 2018 Flexible Packaging Achievement Awards Competition. Developed internally at Transcontinental Ultra Flex, the new flexible peanut bag was designed using certified compostable materials to support arenas and stadiums’ green initiatives and help sports teams, venues, and leagues achieve the next level of landfill waste diversion. This award celebrates TC Transcontinental Packaging’s commitment to sustainability, especially to ecodesign, as it strives to design products that take into consideration the environmental impacts of the product during its entire life-cycle. “The chief benefit of the new bag is that it reduces the amount of labour previously devoted to the manual sorting of materials collected during clean-up after games. The economic benefit is the lowering of overall waste management costs for the venue and the environmental benefits of this package center around the use of renewable resources and its easy inclusion into the venue managed composting program,” said Todd Addison, Vice President, Business Development at TC Transcontinental Packaging. “It is a great honour to be recognized by the industry for setting a new bar for packaging sustainability. Our customers can count on us to always look for new materials, new technologies and new techniques to create brilliant packaging that meets today’s consumer needs.” Click Read More below for additional information.
The American government is imposing more anti-dumping duties on Canadian newsprint. The U.S. Department of Commerce says a preliminary investigation has found Canadian exporters underpriced uncoated groundwood paper by between 0 and 22.16 per cent. Uncoated groundwood paper includes newsprint, as well as paper for book publishing, printing and writing. The department says it calculated a dumping rate of 22.16 per cent for Catalyst Paper Corp. of British Columbia. It says Resolute Forest Products and White Birch were both found to have dumping rates of 0 per cent. Click Read More below for additional information.
UPM is committed to creating value from sustainable bioinnovations. In addition to renewable diesel, the UPM Lappeenranta Biorefinery produces renewable naphtha - an excellent raw material for bioplastics. It can be transformed into renewable resins needed to create bioplastics, e.g. for the packaging industry. Choosing the right packaging solution can make a big difference. Beverage cartons have the lowest CO2 footprint among liquid food packaging today. Now even the plastic coating of cartons can be wood-based - using renewable polyethylene reduces the footprint further. Elopak, Norway-based company supplying 15 billion cartons around the world each year, joined forces with UPM Biofuels and Dow to offer 100% renewable cartons that are both recyclable and responsibly sourced. 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) announcement of New Source Review (NSR) emissions accounting guidelines. EPA Administrator Scott Pruitt announced the agency’s new approach on Tuesday, March 13. “Clear EPA New Source Review emissions accounting guidelines are a long-overdue step to provide our industry and all U.S. manufacturers with a common-sense, realistic approach to air permitting. We are one of the largest manufacturing sectors in the nation, have invested billions of dollars on environmental stewardship and remain committed to innovative and sustainable business practices. Click Read More below for additional information.
Futures rose 0.5 percent in New York. Prices seesawed on Tuesday after President Donald Trump fired Tillerson, whom he had disagreements with over key foreign policy issues. The move could have implications for U.S. sanctions on Iran, which could impact the latter’s oil industry and exports, Facts Global Energy and Royal Bank of Canada warned. “The risk is now much higher that President Trump will not waive the sanctions when it is time to do so in May, thus derailing the deal,” said Bjarne Schieldrop, chief commodities analyst at SEB AB. Click Read More below for additional information.
To support the delivery of beverage packaging innovations that increase shelf appeal, convenience and sustainability and continue providing world-class customer service, Crown Europe has made major investments in its Bevcan Graphics Studio. The facility, based in Leicester, U.K. features new computer-to-plate (CTP) imaging technology, a new 8-colour proofing machine to complement the existing upgraded version and additional enhancements to its flat digital proofing capabilities. “Crown recognizes that packaging is an essential element of brand identity, which is built on consistency, quality, innovation and graphical excellence,” said Ian Gannicott, General Manager Graphics at Crown Bevcan Europe and Middle East. “Our investments in the Graphics Studio were made with the customer front of mind, and from the results we have seen so far, we are confident that we focused efforts in the right places. In 2017, activity levels soared by 26 percent on top of an already busy visit schedule, which demonstrates the quality, dedication and commitment our team delivers every single day.” Click Read More below for additional information.
Please be advised that Irving Paper will increase its prices of Irving SCA, Irving SCB, Irving Radiance (SCA+) and Irving Opulence (SCA++) for the US and Canadian markets, effective with all new and existing orders shipping on and after May 1, 2018. This increase affects all basis weights.
Please be advised that effective with shipments on or after May 1, 2018, Twin Rivers Paper Company will be implementing a price increase for the US market on the following grades: Publishing • Freesheet: Snowbrite Opaque®, Custom Brite®, Custom Plus®, Twin Rivers® Opaque, Twin Rivers® Offset, Pharmopaque®, PharmBrite 92™, and SnowBrite Pharm®; • Hybrid grades: Border Brite®, Bridge Opaque®, Bridge Supreme®, Frontier Opaque, Frontier Supreme, Frabrite® 76 & 72, and all tablet and converting grades; • All private label grades and proprietary products; Packaging • Acadia®, Bladepak®, TR Specialty Bag, and all other packaging papers; Label • Alliance® Label (TT & Release) and customized base papers; Technical • All technical grades
Quad/Graphics announces a new technology platform for testing direct marketing that lifts response rates, increasing reliability and shortening time to market at a fraction of the cost of traditional mail testing. The testing platform, called Accelerated Insights, is a virtual platform that can test up to 20 content variables in one pass. It uses a sophisticated persona matrix that combines demographics with emotional characteristics to predict what factors motivate someone to act on an offer. All of this can be accomplished without a physical mailing. Using Accelerated Insights, Quad has helped direct marketers: • Reduce total testing time to 60 days; • Realize 97 percent level (+/-3 percent) accuracy on projections; • Achieve increase in response rates of 18 to 27 percent; and • Lower testing costs by as much as 90 percent. “Marketers have been following the same testing methods for decades, many times with disappointing results,” said Scott Harvey, Quad/Graphics Senior Vice President of Marketing Solutions. “This technology creates a roadmap for campaign creative that tells marketers exactly what is most important to customers and prospects.” Click Read More below for additional information.
Steve Lacy greeted me in his office as if we were old friends. A top executive at the Meredith Corporation, he was a main driver of the company’s $2.8 billion acquisition of Time Inc. last November. With that deal, the 116-year-old Meredith Corporation became the largest magazine publisher in America. When he spoke, it was clear Mr. Lacy took pride in Meredith’s unassuming corporate culture, so far removed from the New York magazine scene. “In Des Moines, Iowa, we don’t have to prove anything to anybody about the Meredith Corporation,” Mr. Lacy said. “We don’t have drivers. We’d look silly, and it would be not in keeping with who we are.” He added, “I presume you know that if I want a black car, I can get one.” Click Read More below for additional information.
Highlights – underlying earnings unless otherwise indicated (1)(2) •Profit after tax (PAT) of USD 329.7 million up 3.7% on a constant currency basis; •Earnings per share (EPS) of 28.5 US cents up 3.7% on a constant currency basis; •Profit before interest and tax (PBIT) margin up 30 basis points to 11.4%; •Strong returns, measured as profit before interest and tax to average funds employed of 19.7%; •Operating cash flow, after net capital expenditure and cash significant items of USD 90.8 million(3); and •Interim dividend per share increased 7.7% to 21.0 US cents. Click Read More below for additional information. Click Read More below for additional information.
Oil has struggled to recover losses from last month’s broader market slump after topping $66 a barrel in January. While a brighter economic outlook has underpinned demand expectations following a better-than-expected U.S. jobs report, expanding American production remains a challenge to the Organization of Petroleum Exporting Countries and its allies, which are trying to prop up prices via output curbs. Production from shale regions will reach 6.95 million barrels a day next month, the U.S. Energy Information Administration said in its monthly drilling report. The Permian Basin is seen leading the way with an 80,000-barrel increase. Total American output has passed 10 million barrels a day, beating a record set in 1970. Click Read More below for additional information.
Apple announced that it will acquire digital magazine subscription service Texture, adding another service into its repertoire of monthly-billed entertainment. Texture offers subscribers unlimited access to over 200 magazines, including titles such as The New Yorker, ESPN Magazine, Time and National Geographic. The terms of the deal were not disclosed. Having launched in 2010, as Next Issue, Texture was created in a collaborative effort by Condé Nast, Hearst, Meredith, News Corp., Rogers Communications and Time Inc., to provide a place for readers to access stories and entire issues of familiar titles while also introducing them to new publications. Click Read More below for additional information.
Fourth Quarter 2017 Results: • Record gross revenue was $301.0 million in the fourth quarter, an increase of 11% compared with $270.4 million in the fourth quarter of 2016. • Gross profit (net revenue) was $71.3 million, or 23.7% of gross revenue, in the fourth quarter, an increase of 4% compared to $68.7 million, or 25.4% of revenue, in the same period of 2016. Full-Year 2017 Results and Recent Highlights: • Gross revenue was $1,136.3 million in 2017, an increase of 4% compared with $1,090.7 million in 2016. • Gross profit (net revenue) was $278.3 million, or 24.5% of gross revenue, in 2017, a 6% increase compared to $263.5 million, or 24.2% of revenue, in 2016. • Net income in 2017 was $19.0 million, or $0.35 per diluted share, compared to $4.4 million, or $0.08 per diluted share, in 2016. Click Read More below for additional information.
Seeking to preserve the Obama-era net neutrality rules, the mayors of 12 cities have signed a pledge stating that they will attempt to procure broadband service from companies that don't block or throttle traffic, and don't charge companies higher fees for prioritized delivery. The pledge -- written by Mayors Bill de Blasio of New York, Ted Wheeler of Portland and Steve Adler of Austin -- also includes a promise to encourage consumers to use Internet service providers that follow net neutrality principles. The city leaders created a website -- MayorsForNetNeutrality.org -- and are asking other mayors to publicly declare their support net neutrality. "Cities cannot allow private internet service providers to be the gatekeeper between our residents and the local government services on which they depend every day," the pledge states. Click Read More below for additional information.
Metsä Board is pleased to announce that its revolutionary paperboard cup design, ‘Lidloc’, has won an iF Design Award at a prestigious awards ceremony held at the BMW Welt in Munich on 9 March. The Lidloc design has broken new ground in paperboard cup design and recognises the increased focus upon developing sustainable packaging. The design has a patent pending and is based upon an extension to a standard cup structure that folds and locks into an integrated lid. Click Read More below for additional information.
Creative eCommerce and shelf-ready packaging solutions for a diverse range of products including gin, orchids, sausages and pizza received praise from the judging panel for their clever use of materials and innovative approach to the brief. The packaging leader’s haul included two gold, four silver, three bronze and two special awards. The ‘Packaging Star of the Year’ award went to Smurfit Kappa Designer Paul Lowes for his ‘infectious energy’ in striving for the best solution when creating his ‘Shop in a Box’ product. Click Read More below for additional information.
Solenis has launched its new Tapestry℠ Yankee Coating Solutions to help tissue makers produce a consistently reliable Yankee coating while improving manufacturing performance and controlling operational costs. The new Solenis Tapestry Yankee Coating Solutions offering includes a family of advanced chemistries and technologies, a team of application and field service specialists experienced in optimizing Yankee coating properties, and R&D support focused on tissue-making science and innovation. “Tissue makers face consumer demands every day — demands for softer, stronger and more absorbent products,” said Richard Cho, global marketing director, Tissue and Towel. “The Yankee cylinder is critical to meeting these demands, but difficulties with Yankee operation can affect manufacturing productivity, product quality and, in some cases, asset life. The new Tapestry Yankee Coating Solutions from Solenis can help tissue makers overcome these challenges.” Click Read More below for additional information.
Midland Paper, Packaging + Supplies, one of North America's largest independent distributors of media for business communications, will unveil a broad and diverse portfolio of products for HP Indigo series 3 and 4 print technologies at Dscoop 2018 in Dallas TX including several exciting new products. Be sure to stop by Midland Paper booth #85 at DSCOOP 2018 to view HP Indigo printed samples of the following featured RIT certified products: •Diamond Print Glitter - Eye catching, non-flaking, glitter paper that folds without cracking, •Blanks Plastic Paper - Unique waterproof poly film used for menus, ID’s, tags, POP, signage and other graphic applications, •ClingZ and Ztac - Revolutionary wall and window films, •DigiFly HP - Printable canvas material, •Setalux HP - Printable book cover material. Click Read More below for additional information.
The U.S. jobs report topped estimates last week, increasing confidence in the world’s biggest economy, giving a boost to the outlook for energy demand and driving benchmark crude prices up 3.2 percent on Friday. American oil explorers idled four rigs last week after six consecutive increases in drilling, easing fears over surging shale production. Prices were 0.4 percent lower Monday. “Employment is the key driver of oil demand, as more people at work means more commutes and, in consequence, rising road fuel use,” said Norbert Ruecker, head of commodity research at Julius Baer Ltd. in Zurich. Click Read More below for additional information.
Due to the increase of costs for raw materials, especially for pulp, and for chemicals and logistics, Papierfabrik Koehler will raise its prices for reacto® carbonless paper in Latin America. The increase will be 8 – 12% and will be effective for deliveries ex mill from Mai 1st, 2018 onwards.
Sales at the Hachette Book Group rose 2.7% last year, parent company Lagardere reported. The increase was attributed in part to contributions from Perseus (where You Are a Badass sold over 648,000 print copies) and its Nashville-based imprints (where The Shack had strong sales). HBG also benefited from a full year ownership of Perseus, which it acquired at the end of March in 2016. Earlier this year. Lagardere reported that total revenue in the publishing group was €2.29 billion, up 1.1% over 2016. In its release Thursday, the company said EBIT (earnings before interest and taxes) rose 1.0%, to €210 million. Similar to the sales gain, Lagardere said the profit improvement was "mainly attributable to a strong performance in the United States," driven by "successful releases" as well as continued profitability gains from the consolidation of Perseus. Click Read More below for additional information.
Nordstrom announced that it's acquiring two leading retail technology companies: BevyUp, a digital selling tool, and MessageYes, a platform rooted in conversational commerce. More specifically, BevyUp is a platform that allows sales associates to communicate with each other on the back end, and encourages shoppers to share information with each other and browse items together online. Its digital selling platform will be incorporated into a new mobile app for Nordstrom's employees, rolling out next year, the companies said. MessageYes offers brands the opportunity to send shoppers more personalized notifications, with their consent, while they browse online. Shoppers can ultimately respond "Yes" to one of Nordstrom's messages to instantly buy products from their phones. Click Read More below for additional information.
Resolute Forest Products plans to put up a new distribution center at its Calhoun, Tenn., production site as the company grows its tissue business. The 300,000-square-foot distribution center under construction will provide storage for tissue products made at the mill, said Debbie Johnston, the company's director of U.S. public affairs. The goods later will be shipped to Resolute's retail customers, she said. Johnston said the center, slated for completion in August, will employ more than 30 people. She said construction of the center is the latest phase of $400 million Resolute is spending when it announced it was entering the tissue market in 2015. Click Read More below for additional information.
National Average Price for Regular – Current: $2.534; Month Ago: $2.596; Year Ago: $2.303. National Average Price for Diesel – Current: $2.940; Month Ago: $2.998; Year Ago: $2.524.
American Dollar to Canadian Dollar = 0.776647; American Dollar to Chinese Yuan = 0.157816; American Dollar to Euro = 1.229703; American Dollar to Japanese Yen = 0.009631; American Dollar to Mexican Peso = 0.053737.
Futures in New York tumbled 1.7 percent Thursday. While Goldman Sachs Group Inc. forecasted strong global consumption growth, crude production and stockpiles in the U.S. climbed higher in the latest inventory report. A strengthening dollar also pushed crude lower. The Organization of Petroleum Exporting Countries and its partners including Russia continue to trim output as promised. OPEC shipments will fall by 230,000 barrels a day in the four weeks to March 24, according to tanker-tracker Oil Movements. Saudi Minister of Energy and Industry Khalid Al-Falih said in a Bloomberg Television interview that the deal will evolve in 2019 and the group will do what it needs to in order to preserve oil market stability. Click Read More below for additional information.
Forest Products Association of Canada (FPAC) applauds the Canadian government, and in particular Minister Champagne, on the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. This agreement will benefit the Canadian forest products industry by eliminating tariffs, as well as providing clear provisions to help settle disputes and avoid unfair blocking of imports because of concerns about issues such as insects or other contaminants. For example, forest products from Canada now face:. •31% tariff to Vietnam for certain kinds of wood, going down to 0% starting Year 1 and up to 27% for paper, which will be at 0% by Year 4. •40% tariff to Malaysia for plywood and up to 25% for paper, down to 0% by Year 6. •10% tariff to Japan for wood products, going down as low as 5% in Year 1 and 0% as early as Year 11. “The CPTPP will increase Canadian forest products access to key global markets,” says CEO of FPAC, Derek Nighbor. “Growing exports will create more middle class jobs in the over 600 forest dependent communities across Canada and help the forest sector diversify its markets.” Click Read More below for additional information.
Fourth Quarter 2017 Highlights (as compared to fourth quarter 2016): • Revenue increased 13.1% to $237.4 million primarily due to additional revenue from the Cantech Acquisition (1), an increase in average selling price, including the impact of product mix, and an increase in sales volume. • Gross margin decreased to 22.8% from 25.6% primarily due to the non-recurrence of Insurance Proceeds (2). Gross margin in the fourth quarter of 2016 would have been 21.7% excluding the impact of the Insurance Proceeds. Fourth Quarter 2017 Highlights (as compared to fourth quarter 2016): • Revenue increased 13.1% to $237.4 million primarily due to additional revenue from the Cantech Acquisition (1), an increase in average selling price, including the impact of product mix, and an increase in sales volume. • Gross margin decreased to 22.8% from 25.6% primarily due to the non-recurrence of Insurance Proceeds (2). Gross margin in the fourth quarter of 2016 would have been 21.7% excluding the impact of the Insurance Proceeds. Click Read More below for additional information.
Sun Chemical has acquired the Metal Deco ink business of PPG, a US-based global supplier of paints, coatings and specialty materials. PPG, with a well consolidated portfolio, and Sun Chemical are both long standing players in the metal packaging industry. Through the acquisition, which reflects Sun Chemical’s strategy to grow by acquiring businesses that complement areas of its existing operations, Sun Chemical will expand both its operational territories and its overall position in the global Metal Deco market. By combining PPG’s complementary portfolio of Metal Deco products with those of Sun Chemical, customers will benefit from further innovative solutions and what will be the widest ink portfolio in the metal decoration market. Click Read More below for additional information.
UPM Raflatac has joined Ellen MacArthur's Circular Economy 100 programme on its journey towards a more sustainable future. As the world's most sustainable labeling company and as part of UPM, the Biofore Company, UPM Raflatac wants to aim higher and make the circular economy a reality in the whole packaging value chain. The Circular Economy 100 (CE 100) is a pre-competitive innovation programme established to enable organisations to develop new opportunities and realise their circular economy ambitions faster. It brings together corporates, governments and cities, academic institutions, emerging innovators and affiliates in a unique multi-stakeholder platform. Specially developed programme elements help members learn, build capacity, network, and collaborate with key organisations around the circular economy. Click Read More below for additional information.
Domtar Corporation announced improvements to its award-winning supply chain transparency tool, The Paper Trail ® ( www.domtarpapertrail.com ), offering customers a deeper look into the company’s products and the people and places behind their manufacture. The latest enhancements build upon Domtar’s commitment to openness and honesty, showcasing corporate efforts focused on caring for people and communities, efficient manufacturing and responsible sourcing and logistics. Significant updates to the website include the addition of the environmental, social and economic impacts of Domtar’s pulp products, including Northern Bleached Softwood Kraft (NBSK), Southern Bleached Softwood Kraft (SBSK) and Fluff pulp. Click Read More below for additional information.
Comments to Results of Operations - Comparison of Three Months Ended December 31, 2017 to Three Months Ended December 31, 2016: • Net sales for the fourth quarter of 2017 decreased by $7 million compared to the fourth quarter of 2016. The sales decline was primarily attributable to a decrease in total sales volume due to the general softening of demand for coated papers and our capacity reductions at our Androscoggin Mill. • Gross margin, excluding depreciation, amortization and depletion expenses, decreased from 16.6% of net sales in the fourth quarter of 2016 to 13.3% in the fourth quarter of 2017. Comments to Results of Operations - Comparison of 12 Months Ended December 31, 2017 to 12 Months Ended December 31, 2016: • Net sales for the 12 months of 2017 decreased by $180 million compared to the 12 months of 2016. The sales decline was attributable to a decrease in total sales volume and a decrease in pricing, partially offset by improvement in product mix. The decrease in volume and pricing were driven by general softening of demand for coated papers and our capacity reductions at the Androscoggin Mill. • Gross margin, excluding depreciation, amortization and depletion expenses, decreased from 11.1% of net sales in the 12 months of 2016 to 9.1% in the 12 months of 2017. Gross margin was favorably impacted in 2016 by $22 million and in 2017 by $4 million as a result of gains included in cost of products sold, associated with the elimination of certain postretirement benefit costs. Click Read More below for additional information.
UPM is one of the first companies to offer copy paper with the Singapore Green Label logo under the enhanced Singapore Green Labelling Scheme (SGLS), which is managed by the Singapore Environment Council (SEC). The enhanced SGLS criteria was announced in January 2017, and plays a critical role in reducing the risk of another damaging haze incident in Singapore by requiring paper companies to comply with one of the toughest environmental standards in the world. The newly certified products include: • UPM Office Multifunction Copy Paper (70/75/80 gsm) • UPM Yes Silver Multifunction Copy Paper (70/75/80 gsm). The enhanced SGLS logo confirms that these products have been sustainably produced. In total, 16 pulp and paper products have been certified under the enhanced SGLS scheme. Click Read More below for additional information.
Ahlstrom-Munksjö announces the launch of Ahlstrom-Munksjö Trinitex® Advance W3200, a unique E12 filtration media specifically designed for pulse jet gas turbine applications. “Following on from the high level of interest generated by the Trinitex® Advance W3000 launch in November last year, we are very pleased to now introduce Ahlstrom-Munksjö Trinitex® Advance W3200” says Robin Guillaud, VP Business Development Filtration and Performance; “Trinitex® Advance W3200 is a natural extension of our Trinitex® Advance product range and has been designed for pulse jet gas turbine applications requiring the highest level of performance” he adds. Click Read More below for additional information.
L Brands, Inc. reported net sales of $853.9 million for the four-week period ended March 3, 2018, compared to net sales of $765.5 million for the four-week period ended Feb. 25, 2017. Comparable sales for the four weeks ended March 3, 2018, increased 3 percent compared to the four weeks ended March 4, 2017. The company has authorized a new $250 million share repurchase program, which includes the remaining $23.1 million outstanding under the previous program.
The study, released by the influential marketing analytics specialists, states that Advertisers should re-evaluate the use of traditional media such as radio, newspapers and magazines based on new research by the independent marketing and media consultancy. In the first report of its kind, Re-evaluating Media reveals radio, newspapers and magazines perform significantly better than they are perceived to for brand building campaigns. TV and radio are by far the strongest advertising media for brand-building followed by newspapers, magazines and out-of-home. Yet it discovered that industry decision-makers believe that online video and social media are the second and third most effective media after TV. Click Read More below for additional information.
Futures in New York slid 2.3 percent. Declines in the equity market, a rising dollar and concern that Trump’s tariff threats will spark a trade war acted as a downward force on crude oil. And at the same time, the Energy Information Administration reported American crude inventories rose by 2.41 million barrels last week, while production jumped to a fresh record. The EIA report also showed gasoline supplies declined for the first time since January and distillate inventories fell for a fourth straight week. Stockpiles at the key U.S. storage hub in Cushing, Oklahoma tumbled for an 11th week to the lowest since 2014. Crude inventories rose by 2.41 million barrels, lower than expectations. Click Read More below for additional information.
Reported net income for the quarter was $701 million, or $1.59 per diluted share, compared to $515 million, or $1.17 per diluted share, last year. Earnings per share increased $0.17 due to a net income tax benefit of $74 million, as a result of the new tax laws. Excluding this benefit, net income grew 22%. Net income for the first 24 weeks of fiscal year 2018 was $1.34 billion, or $3.04 per diluted share, compared to $1.06 billion, or $2.41 per diluted share, last year. For the four-week reporting month of February, ended March 4, 2018, the Company reported net sales of $10.21 billion, an increase of 12.8 percent from $9.05 billion during the similar period last year. For the twenty-six week period ended March 4, 2018, net sales were $68.51 billion, an increase of 12.0 percent from $61.18 billion during the similar period last year. Click Read More below for additional information.
KPLP Q4 2017 Financial Results: Revenue in Q4 2017 was $340.0 million, compared to $339.6 million in Q4 2016, an increase of $0.4 million or 0.1%. The increase in revenue was primarily due to a selling price increase in Canada, offset by lower Consumer sales volume in Canada and the unfavourable impact of foreign exchange on U.S. dollar sales. Net loss in Q4 2017 was $18.0 million, compared to $4.5 million in Q4 2016, primarily due to lower Adjusted EBITDA of $9.2 million, an increase in tax expense of $5.8 million, a decrease in the gain on sale of non-financial assets of $2.5 million and a change in fair value of derivatives of $0.4 million in Q4 2017. These items were partially offset by a decrease in the change in amortized cost of Partnership units liability of $3.3 million and lower depreciation expense of $0.5 million. Click Read More below for additional information.
Smurfit Kappa explored the part that packaging can play in boosting online sales in an eCommerce event last week. During the week-long event, the packaging leader launched an array of innovative new concepts and services designed to optimise performance in the rapidly growing eCommerce sector. Over 150 visitors, including brand owners and etailers, came to the event which also included interactive exhibitions and demonstrations of how packaging can differentiate a product offering. A range of tools tailor-made for the eCommerce sector were unveiled at the event including one which is used to define the exact type of packaging required to prevent product damage during the supply chain and another that kick-starts the processes to ensure fit-for-purpose automation solutions. Click Read More below for additional information.
Transcontinental Inc. announced that it has acquired Multifilm Packaging Corporation, a flexible packaging supplier located in Elgin, near Chicago, in Illinois, employing over 70 people. The company enjoys a solid reputation in the high-end candy and chocolate packaging verticals in North America, and specializes in piece-wraps and high-barrier laminates for the confectionery, snacks and dry foods markets. Multifilm offers an integrated manufacturing process and distinguishes itself through its expertise in cast film extrusion, metallization and demetallization, as well as aluminum foil printing. “The acquisition of Multifilm Packaging Corporation is aligned with our growth strategy for the packaging division and presents tremendous opportunities,” said François Olivier, President and Chief Executive Officer of TC Transcontinental. “This transaction allows us to enter new high-end confectionery packaging niches and to bolster our offering in this market. Multifilm expands our manufacturing capabilities, namely with aluminum foil printing and demetallization, thereby enabling us to leverage these sought-after processes within our North American packaging platform. We are pleased to acquire such a forward-thinking company, equipped with a state-of-the-art platform and enjoying solid business relationships with its loyal customers, some of whom are internationally renowned. We wish to extend a warm welcome to all of Multifilm’s talented employees who will be joining our team of committed and results-oriented people.” Click Read More below for additional information.
Smurfit Kappa notes the announcement released on the evening of 6 March 2018 by International Paper Company setting out the price of the unsolicited and highly opportunistic proposal that was originally made to the Board of Smurfit Kappa on 23 February 2018 and rejected in the Group’s announcement of 6 March 2018. The Board of Smurfit Kappa has already carefully considered, with its financial advisers, the Proposal in detail and has unanimously rejected it on the basis that it fails entirely to reflect the Group’s superior prospects as an independent business and represents a valuation multiple significantly below recent comparable transactions. Shareholders are strongly advised to take no action. This announcement is made without the consent of International Paper. Click Read More below for additional information.
Further to the announcement by Smurfit Kappa Group plc, International Paper Company confirms that it has submitted a proposal to acquire the entire issued and to be issued share capital of Smurfit Kappa. Under the terms of the Proposal, Smurfit Kappa shareholders would be entitled to receive €22.00 in cash and 0.3028 new International Paper shares of common stock for each Smurfit Kappa ordinary share held by them. In aggregate, the Proposal values Smurfit Kappa's current issued share capital at approximately €8.6 billion and would provide Smurfit Kappa shareholders with a shareholding of approximately 15 per cent. in International Paper post-completion (calculated by reference to the number of International Paper shares of common stock in issue as at 5 March 2018). Click Read More below for additional information.
Urban Outfitters, Inc. announced net income of $1 million and $108 million for the three months and year ended January 31, 2018, respectively. Earnings per diluted share were $0.01 and $0.96 for the three months and year ended January 31, 2018, respectively. For the three months ended January 31, 2018, adjusted net income was $75 million and adjusted earnings per diluted share were $0.69. Total Company net sales for the fourth quarter of fiscal 2018 increased 5.7% over the same period last year to a record $1.09 billion. Comparable Retail segment net sales increased 4%, driven by strong, double-digit growth in the digital channel partially offset by negative retail store sales. By brand, comparable Retail segment net sales increased 8% at Free People, 5% at the Anthropologie Group and 2% at Urban Outfitters. Wholesale segment net sales increased 6.3%. For the year ended January 31, 2018, total Company net sales increased to $3.6 billion or 2.0% over the prior year. Comparable Retail segment net sales were flat. Wholesale segment net sales increased 9.5%. Click Read More below for additional information.
•Net sales increased 15% for the quarter and 5% for the year, including the additional week •Comparable sales increased 9% for the quarter and 3% for the year, with Hollister up 11% and Abercrombie up 5% for the quarter •Operating income more than doubled to $140.3 million for the quarter and increased to $72.1 million for the year. Click Read More below for additional information.
Allen Press, Inc. is excited to announce the purchase of a Brausse 1050SFi Automatic Diecutter and Foil Stamping Machine with Stripping Alternative. The Brausse 1050SFi is the most advanced piece of equipment of its kind on the market, and Allen Press is the first and only commercial printer in North America with the Brausse 1050SFi on its shop floor. This acquisition allows Allen Press to produce superior commercial, publication and direct mail printing materials exclusively in-house and creates unprecedented efficiency and quality-control from start to finish. Our clients will benefit immensely as projects will be completed faster and more seamlessly without compromising quality. Click Read More below for additional information.
Amazon.com, Inc. announced plans for the first Missouri fulfillment center to be located in St. Peters, creating more than 1,500 full-time jobs with benefits and opportunities to engage with Amazon Robotics in a highly technological workplace. Amazon currently operates a sortation center in Hazelwood, where it employs hundreds of associates. “We’re excited to continue growing our team with our first, state-of-the-art fulfillment center in Missouri,” said Sanjay Shah, Amazon’s Vice President of North America Customer Fulfillment. “Our ability to expand in Missouri is the result of two things: incredible customers and an outstanding workforce. Amazon is committed to providing great opportunities for employment and creating a positive economic impact for the region.” Click Read More below for additional information.
S&P Global announced it has entered into a $1 billion accelerated share repurchase agreement with Morgan Stanley & Co. LLC. The transaction is expected to be completed in the third quarter of 2018. The Company is using available cash to fund the accelerated share repurchase transaction. Since the 50 million share repurchase authorization from the Board of Directors in 2013, S&P Global has repurchased 31.6 million shares. Click Read More below for additional information.
Mercer International Inc. announces that it has received the decision of the tribunal in respect of its previously announced claim against the Government of Canada under the North American Free Trade Agreement. In a split decision, a majority of the tribunal ruled that it lacked jurisdiction to decide certain of the Company's claims under NAFTA and, with respect to the Company's other NAFTA claims, that they were highly complex and technical and that it would be inappropriate for the tribunal to re-determine matters calling for specialist judgment and, as a result, there was no violation of NAFTA. As is customary in these matters, the tribunal awarded costs to Canada of approximately $6.9 million. Click Read More below for additional information.
Sun Chemical will showcase its full range of screen and offset inks, pre-laid overlays, pre-patched holograms, magnetic tapes, security solutions and electronic materials for credit and laminated cards printing during the 2018 ICMA EXPO in Orlando, Fla. on March 26-29. “Card manufacturers, issuers and branding firms want to partner with a company that can offer a complete range of solutions for credit and laminated card printing,” said Penny Holland, Vice President, Marketing and Industrial Applications, North American Inks, Sun Chemical. “During ICMA EXPO, we look forward to showing how Sun Chemical’s wide range of solutions for card printing can help customers streamline their operations.” Click Read More below for additional information.
After jumping 2.2 percent on Monday, futures added 1 percent in New York on Tuesday. European and Asian stocks rose as President Donald Trump faced resistance to plans for a series of import tariffs, while a diplomatic breakthrough with North Korea also boosted optimism. Still, the International Energy Agency’s warning that OPEC production cuts will unleash a supply surge from the U.S. and other producers maintained a note of caution in the market. The production cuts that helped push prices above $60 a barrel are triggering a flood of supply from OPEC’s rivals including Brazil and Canada, which will cover all growth in global demand until 2020, the IEA said. The agency may also raise its forecast for U.S. output if oil stays above $60 a barrel, Birol said during the CERAWeek oil conference in Houston. Non-OPEC growth is so strong that the oil market will change for years, he said. Click Read More below for additional information.