UPM Chudovo plywood mill celebrates two million cubic meters of manufactured birch plywood

UPM Chudovo plywood mill in Russia is celebrating its important milestone - two million cubic meters of plywood production since the start of the mill in 1990. Over the last 27 years, high quality WISA birch plywood by UPM Chudovo has become well-known both by the European customers and at the Russian market. "I am really proud of the two millionth cubic meter. It is an important milestone in the history of our production site. Continuous development and modernization are mill's keys to success. It took us 18 years to make the first million cubic meters and ten years later we were able to double the volume," says Anatoly Zhukovets, UPM Chudovo General Director. Click Read More below for additional information.
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Midland Paper Enjoys Successful Dscoop 2018 in Dallas TX

Midland Paper, Packaging & Supplies, one of North America's largest independent distributors of media for business communications, wrapped up a very successful Dscoop 2018 in Dallas Texas last week. Midland Paper unveiled three unique specialty products that created new and exciting print opportunities for the Dscoop participants: •Diamond Print Glitter - Eye catching, non-flaking, glitter paper that folds without cracking with unlimited print applications •Blanks Plastic Paper - Unique waterproof poly film used for menus, tags, cards, POP, signage and other graphic applications •Setalux HP - Printable book, magazine, catalog cover material as well as luxury packaging. “All three new products created a lot of “buzz” on the showcase floor. We couldn’t keep up with the requests for samples on the Diamond Print Glitter, while the Plastic Paper and Setalux HP were extremely popular." Click Read More below for additional information.
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Oil Falls to 2-Week Low as China Retaliates in U.S. Trade War

Futures in New York slipped as much as 2.1 percent to the lowest intraday price since March 20. China’s Ministry of Commerce said it would levy 25 percent tariffs on imports of 106 U.S. products including automobiles and aircraft. That wiped out earlier support for prices as Organization of Petroleum Exporting Countries output dropped to the lowest in a year in March. “It’s only logical to see profit-taking in light of looming trade tensions and possible financial market turbulence,” said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt. Global equities sank after China unveiled its charges, which match the scale of proposed U.S. tariffs announced earlier this week and ratchets up tension in a brewing trade war between the world’s two largest economies. With products ranging from gas turbines to steel and aluminum affected, the spat threatens to raise costs, slow economic growth and hit oil demand. Click Read More below for additional information.
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Flexpress Buys EFI Pro 16h LED Hybrid Wide-Format Printer to Win in DFW’s Growing Graphics Market

Electronics For Imaging, Inc. has announced that Flexpress has purchased an EFI™ Pro 16h LED hybrid flatbed/roll inkjet printer from authorized EFI distributor Konica Minolta® Business Solutions U.S.A., Inc. With its new acquisition, the Dallas-based digital printing company can broaden its local and national customer base by offering a much greater range of high-quality signage and graphics work. “We had wanted a wide-format device for a while, partly to broaden our customer base and the services we offer,” said WP Ward, founder of Flexpress. “We also received feedback from our clients that they had wide-format work and would give to us if we had the right device.” In the signage market, the printer gives Flexpress the added ability to capture some of the opportunities that come with being in the rapidly expanding Dallas/Fort Worth (DFW) metropolitan area. Click Read More below for additional information.
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Petition Urges Walmart To Return ‘Cosmopolitan’ Magazine To Its Checkout Aisles

A petition with nearly 15,000 supporters is urging Walmart to bring Cosmopolitan magazine back to its checkout aisles, after a conservative group won its fight last month to get the publication away from those lanes in its 5,000 stores nationwide. “Cosmopoliton [sic] is a magazine for women — primarily staffed by women,” petition author Rebecca Gerber wrote. “The articles include empowering advice on money, careers, relationships, politics, fashion, activism — and yes, sex. Consensual sex. These are not subjects that women should made to feel ashamed to read,” she continued. “By publicly pulling Cosmo from checkout aisles, Walmart is telling women and girls that their sexuality is something to be embarassed of, that their interest in their own sexual education is obscene — and that their bodies and choice of clothing could be the cause of any harassment they receive.” NCOSE had previously stated that Walmart’s removal of Cosmo from checkout lines “is an incremental but significant step toward creating a culture where women and girls are valued as whole persons, rather than as sexual objects.” Click Read More below for additional information.
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PCA Celebrates Groundbreaking for its New Box Plant in Wisconsin

Packaging Corporation of America recently celebrated the start of construction of its new full-line corrugated box 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's new, state-of-the-art plant will replace the existing plant in Colby. Many of that plant's long-time employees will continue to work at Marshfield, which is about 20 miles from Colby. Click Read More below for additional information.
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Cenveo, Inc. Files Plan of Reorganization and Disclosure Statement

Cenveo, Inc. announced that it has filed a Chapter 11 plan of reorganization and related disclosure statement with the United States Bankruptcy Court for the Southern District of New York, White Plains. The Plan outlines a proposed path to strengthen the Company's balance sheet, increase its financial flexibility, and position it for long-term success. "We are continuing to make significant progress as we enter the next phase of our restructuring," said Robert G. Burton, Sr., Cenveo's Chairman and Chief Executive Officer. "The Company's Plan represents a clear and viable path forward for Cenveo to establish a sustainable capital structure that supports future growth and investment in the business. We will continue to work closely with all of our stakeholders to refine the Plan, as this is a critical step to achieving our timeline of emerging from this restructuring process in the summer of 2018." Click Read More below for additional information.
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Quad/Graphics Produces ELLE’s First Personalized Cover

Quad/Graphics announced the production of ELLE’s first-ever personalized cover for select subscribers using Quad’s data-driven technology. 50,000 covers feature a “handwritten” note addressed to the subscriber, from the April cover star Kim Kardashian West. “While this campaign was focused on engagement and the reader-experience, the future potential of digital technology is compelling as it provides both publishers and marketers the ability to leverage their data to create personalized messages, images and offers in print advertising,” said Brian Hickey, Senior Vice President of Sales. “Quad’s capabilities create the opportunity for brand marketers to partner with publishers by leveraging their data into dynamic, highly personalized ad pages within magazines.” Click Read More below for additional information.
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LSC Communications Acquires TriLiteral LLC

LSC Communications has acquired TriLiteral LLC, a full-service logistics provider specializing in the distribution of books for University Presses and Academic Publishers. Additionally, LSC has signed multi-year fulfillment agreements with Harvard University Press, The MIT Press, and Yale University Press. According to Dave McCree, President of Book Sales at LSC Communications, “TriLiteral is a tremendous strategic fit to our Book Publisher Services platform and expands our leadership position in the Academic Press market. We look forward to providing fulfillment services to three of the leading publishers in this space.”
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Lack of IRS Paper-Based Documents Harms Millions of Americans

American Forest & Paper Association (AF&PA) President and CEO Donna Harman issued the following statement regarding the Internal Revenue Service (IRS) denying paper-based information and services. “The number of people who experienced identity theft while filing their taxes in 2016 is approximately the population of Anaheim, California or Tampa, Florida.[1] With news of data hacks and security breaches breaking regularly, government officials have increasingly turned to paper-based documents for added protection. “Citizens will be complying with new tax rules this year. Unfortunately, the IRS no longer makes printed instructions available unless ordered for payment. Readily available, printed instructions will be needed more than ever before as people prepare their tax returns given these changes. Click Read More below for additional information.
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Oil Steadies After Selloff on Concerns of U.S.-China Trade Clash

Yuan-denominated oil futures on the Shanghai International Energy Exchange lost 2.8 percent to 405.5 yuan a barrel. The September delivery contract closed 0.9 percent lower on Monday after debuting last week. U.S. crude inventories are estimated to have added 2 million barrels last week, according to a Bloomberg survey before Energy Information Administration data due Wednesday. The nation’s oil production had also increased for a fifth week in the period ended March 23, hitting a fresh record. Click Read More below for additional information.
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Shutterfly Inc. Closes Transformational Acquisition of Lifetouch

Shutterfly announced it has closed its previously announced acquisition of Lifetouch, the national leader in school photography. The company financed the acquisition with the proceeds of an $825 million incremental term loan facility, which closed simultaneous with the acquisition. “We are thrilled to welcome Lifetouch to the Shutterfly family, and are excited to bring together two undisputed leaders in adjacent verticals, both of which have the common mission of helping customers share life’s joy through photos,” said Christopher North, President & Chief Executive Officer of Shutterfly. “We are focused on realizing the three value creation opportunities that we previously articulated: gaining access to many Lifetouch customers as Shutterfly customers, offering Shutterfly’s broader product range to Lifetouch customers and accelerating the development of Lifetouch’s online platform, and realizing significant supply chain, manufacturing, and fulfillment synergies over time.” Click Read More below for additional information.
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Sun Chemical to Increase Prices in North America of Silicone-Based Products

Due to continued shortages and ongoing cost pressure in silicone and silicone-based materials, Sun Chemical will increase prices by 30 percent on its entire silicone-based product line in North America, effective May 1, 2018. “The ongoing silicone shortage has caused our suppliers to continue increasing prices beyond anything we have seen in recent years,” said Dennis Sweet, Vice President-Commercial, Rycoline and Distributors, North American Inks, Sun Chemical. “While Sun Chemical has utilized all its resources to offset these shortages and increases, we need to pass some of these increases on.”
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Torstar launches major national expansion

Torstar Corporation announced it is launching a major national expansion with a reinvention of its Metro urban commuter newspapers and more robust digital offerings in Vancouver, Calgary, Edmonton, Toronto, Halifax and nationally. The move represents a major investment in journalism, with Torstar hiring 20 new reporters to join existing Metro newsrooms in western Canada. Effective Tuesday, April 10, the Metro free daily newspapers will be rebranded as StarMetro Vancouver, StarMetro Calgary, StarMetro Edmonton, StarMetro Toronto and StarMetro Halifax. At the same time Torstar is significantly expanding its digital offerings in the five cities, backed by the award-winning journalism of the Toronto Star and thestar.com. Readers in each city will be directed to a city-specific version of thestar.com that will feature news of their city and region along with the investigations, columns, national and international news for which thestar.com is known. Consumers outside the target markets will see a national edition of thestar.com. Click Read More below for additional information.
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Kohl’s Earns 2018 ENERGY STAR ® Partner of the Year – Sustained Excellence Award

Kohl’s is proud to announce that it has received the 2018 ENERGY STAR® Partner of the Year Sustained Excellence Award for continued leadership and superior contributions to ENERGY STAR. Kohl’s accomplishments will be recognized by the U.S. Environmental Protection Agency and the U.S. Department of Energy at a ceremony in Washington, D.C. on April 20, 2018. "Kohl's is honored to receive the 2018 ENERGY STAR Partner of the Year Sustained Excellence Award," said Steve Thomas, Kohl's chief risk and compliance officer. "We are committed to seeking solutions, including those that maximize energy efficiency, that encourage long-term sustainability to ensure Kohl's is able to leave a smaller footprint and create a more sustainable tomorrow." Click Read More below for additional information.
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LSC Communications Awarded Multi-Year Publisher Services Agreement with America’s Test Kitchen

LSC Communications has signed a multi-year publisher services agreement with America’s Test Kitchen (ATK) to provide print, sourcing, distribution and postal optimization solutions for ATK’s media entities including cookbooks and magazines. ATK has sold more than 10 million cookbooks to date, and has nearly one million subscribers for magazine titles that include Cook's Illustrated and Cook's Country, as well as numerous special issues. Dave Cardona, President of LSC Magazine Sales, commented, “America’s Test Kitchen is a prime example of a magazine publisher that has developed into an iconic multimedia brand. We are thrilled that ATK has selected LSC to leverage our publisher services platform to support their publishing model.” Click Read More below for additional information.
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Sonoco Welcomes Robert C. Tiede as President and CEO

Sonoco announced the start of Robert C. Tiede’s tenure as the new President and CEO of Sonoco. Tiede replaces the retiring Jack Sanders, who served as President and CEO since 2013. Tiede will be the ninth CEO of the 119-year-old company. "It’s humbling, and truly an honor to have the opportunity to lead such a storied company, with a legacy going back more than a century,” said Tiede. “This is an exciting time for Sonoco as we continue to evolve our portfolio and geographic footprint in ways that help us serve our purpose, Better Packaging. Better Life., while delivering value to our shareholders, our customers and our teammates.” Prior to being named CEO, Rob served as Executive Vice President and Chief Operating Officer of Sonoco, with global leadership, sales and operating responsibility for all of the Company’s diversified consumer, industrial and protective packaging businesses. Click Read More below for additional information.
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Sonoco informs employees of closing

Employees of the local Sonoco Products Co. plant have been notified the plant will close by the end of May, officials said. Plant Manager Andy Holden said the closing of the Florence-Lauderdale Industrial Park plant is part of an overall strategy from the company, which produces consumer and industrial packaging products. Holden said 36 employees are at the plant. He said the company and state career center officials are assisting them in seeking other employment. Click Read More below for additional information.
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Oil Extends Rally After U.S. Rigs Decline as Iran Risks Persist

Crude rebounded over 5 percent last month, recouping February’s losses, after U.S. President Donald Trump named hawkish officials to his government, signaling the nation may pursue a more hard-line stance toward Iran. Even so, concerns persist that a rapid increase in American production, which has topped 10 million barrels a day each week since early February, could undermine efforts by the Organization of the Petroleum Exporting Countries and its allies, which are trying to balance the market by cutting output. U.S. explorers cut the number of rigs by the most since November 2017 last week, bringing the total to 797, Baker Hughes data showed. Still, the count remains near the highest in three years, and with separate data showing nationwide crude inventories climbed 1.64 million barrels in the week ended March 23, jitters over increasing U.S. supplies remain. Click Read More below for additional information.
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Meredith Corporation To Sell Meredith Xcelerated Marketing To Accenture

"MXM has been an important contributor to Meredith's business over the years, and we are very proud of the groundbreaking work our employees have accomplished," said Tom Harty, President and CEO of Meredith Corporation. "However, given our recent acquisition of Time Inc. and our enhanced commitment to delivering consumer content across multiple media platforms, we believe MXM will be better positioned for growth with Accenture Interactive. They are excited about the business and the talented employees who will now become part of the Accenture team." Financial terms of the transaction are not being disclosed. Meredith said the transaction will not have a material effect on its fiscal 2018 financial results. The acquisition is expected to close within 60 days, subject to customary closing conditions. Click Read More below for additional information.
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Publishers Confront Slow Growth

There has been little growth in total publishing sales in recent years in the U.S. and in most Western nations, and that difficult operating environment was reflected in the financial performance of three of the world’s largest publishers that have substantial holdings in the U.S. Penguin Random House and HarperCollins had small (less than 1%) declines in revenue in 2017 compared to 2016, while Lagardère Publishing’s sales inched up 1.1%. Simon & Schuster and Houghton Mifflin Harcourt’s trade division—the two smallest of the large publishers who report financial results—both did substantially better on both the top and bottom lines than their bigger rivals. Click Read More below for additional information.
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Transcontinental Inc. announces transformational acquisition of Coveris Americas, becoming a North American leader in flexible packaging

Coveris Americas is one of the top ten converters of flexible packaging and other value-added products in North America based on revenues for its fiscal year ended December 31, 2017. Headquartered in Chicago, Illinois, Coveris Americas manufactures a variety of flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films, coated substrates and labels. As of December 31, 2017, Coveris Americas operated 21 production facilities worldwide, namely in the Americas, the United Kingdom and Australasia. Coveris Americas has over 3,100 employees, the majority of whom are located in the Americas. For its fiscal year ended December 31, 2017, Coveris Americas generated US$966 million in revenues and US$128 million in Adjusted EBITDA. "Today’s announcement marks a turning point in TC Transcontinental’s 42-year history. This transaction crystallizes our strategic shift toward flexible packaging and solidifies our commitment to profitable growth," said Isabelle Marcoux, Chair of the Board of Transcontinental Inc. "We are convinced that this transformational acquisition will be a driver in the creation of long-term value for all of our stakeholders. It is with pride that we begin the next chapter of our successful journey with Coveris Americas, its employees and customers, building on our values of respect, teamwork, performance and innovation." Click Read More below for additional information.
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