A trial version of a renewable fiber based ready meal packaging will be tested with consumers in the UK starting end May. Huhtamaki is part of a three-party consortium developing an alternative to existing plastic ready meal trays. The concept is tested with two Italian style ready meals at a major UK retail chain in May-June. The trial is part of a project aiming at developing a bio-based ready meal package for the UK market. The new tray offers a viable alternative to black plastic packaging, which is problematic for the waste processers' lasers that identify materials for recycling. Ready meal consumption continues to grow throughout Europe and new sustainable solutions are welcome. The new material feels like cardboard and is made of fiber derived from Forest Stewardship Council certified sources. Click Read More below for additional information.
Bain Capital Private Equity, a leading global private equity firm, through Fedrigoni Holding Ltd, has entered into a definitive agreement to acquire Gruppo Cordenons, a leading international manufacturer of high end specialty papers for luxury packaging and premium publishing applications. The transaction remains subject to customary regulatory approvals, as the company says in the press release received by Lesprom Network. Gruppo Cordenons will be acquired and managed as an independent company. However, over time, Fedrigoni Group shareholders see a significant opportunity to share best practices, increase operations know-how and improve service and innovation by strengthening its range of high value-added special papers and key relationships with customers, supplemented by a brand that is widely recognized on international markets, where Gruppo Cordenons generates almost 70% of its turnover. Click Read More below for additional information.
Please be advised, effective with shipments July 1, 2018 the US transaction price for 45 gsm Marathon Newsprint from Catalyst Paper will be increasing by $22.00/Metric Tonne for new and existing orders. 43 gsm and 40 gsm Marathon Lite newsprint will be increasing according to past practice. Please be advised, effective with shipments July 1, 2018, the US transaction price for 20.9# (34gsm) directory business with Catalyst Paper will be increasing by $30.00 / short ton for new and existing orders. Other basis weights will be increased according to past practice.
•Total revenues increased 3% to $540.5 million. Comparable company sales increased 1% following a decrease of 8% in the first quarter last year. •J.Crew sales decreased 7% to $391.9 million. J.Crew comparable sales decreased 6% following a decrease of 11% in the first quarter last year. •Madewell sales increased 39% to $115.8 million. Madewell comparable sales increased 31% following an increase of 11% in the first quarter last year. •Operating loss was $0.9 million compared to $151.0 million in the first quarter last year. •Net loss was $33.9 million compared to $121.0 million in the first quarter last year. Click Read More below for additional information.
The winner of the international packaging design competition Better with Less – Design Challenge has been chosen. Exceptionally high-quality entries were submitted, and the winning design ‘Stretching Inner Part’ by Iiro Numminen, was considered by the judges to be extremely appealing, versatile, scalable and easy to implement. The Better with Less – Design Challenge, organised by Metsä Board, aimed to find new environmentally-friendly and functional packaging solutions for some of the world’s most frequently used and fastest growing types of consumer packages. Launched in November 2017, the competition inspired designers around the world – altogether 302 design concepts were entered from 38 different countries. The international competition jury included renowned packaging design experts from various fields – related to packaging, design, brand strategy and innovation. Click Read More below for additional information.
Allen Press, Inc. is excited to announce the purchase of a Muller Martini Tempo 22 Saddle Stitcher. The Tempo 22 is among the world’s fastest saddle stitchers, producing up to 22,000 booklets per hour. The acquisition further cements Allen Press’ position as the most advanced and versatile printing company in Kansas and Missouri. Customers will benefit greatly from this technological marvel which will deliver faster turnaround times, top quality and greater efficiencies on the production of all 8 ½ x 11 range saddle stitched materials. Click Read More below for additional information.
After studying in detail the report put together by the Koalisi Anti Mafia Hutan (KAMH), we are unsure of what wrongdoing they are alleging APP have committed. It is not unusual for any company to have significant economic or operational relationships with other companies in their supply chain. This is especially so in highly integrated supply chains like ours. APP’s key focus is to ensure that our wood supply is free from deforestation. Our links and influence over our suppliers play a major part in ensuring that. As stated in the KAMH report’s disclaimer, all the information presented about the ownership structures of companies in our supply chain are from publicly available sources, including our own disclosures. We are unsure as to how KAMH has arrived at the conclusion that this information is being deliberately hidden from public view. Click Read More below for additional information.
Oil fell, compounding a monthly decline, after U.S. crude inventories were said to rise by more than expected. Futures in New York fell 0.6 percent, set for the first monthly drop since February. On Wednesday, the American Petroleum Institute was said to report a 1 million barrel increase in crude stockpiles, double the gain forecast in a Bloomberg survey of analysts. Prices have declined about 4 percent since Saudi Arabia and Russia last week proposed to phase out supply curbs by OPEC and its allies. Click Read More below for additional information.
Since 2014, a unique Domtar internship program has helped immigrants find work and make connections in Aneby, Sweden. The program also helps people who are reentering the workforce after a long gap. For people like Moustafa Alahmad, this 10-week internship program is a lifeline. Alahmad is an ambitious, intelligent young man who studied finance at university. He speaks Kurdish, Arabic, Ukrainian and Russian. Forced to escape the civil war in his home country of Syria, Alahmad fled to Sweden, a nation known for its culture of inclusion and equality. Since he arrived, he has been able to earn enough money to get by, but it’s been difficult to find a steady job. Click Read More below for additional information.
Nippon Paper Industries Co., Ltd. (“the Company”) has announced that, at a meeting of the Board of Directors held today, the Company resolved to reorganize the production structure for its paper business. Hokkaido Mill (Yufutsu) is to shut down all paper production machines and related equipment for the production of paper (253,000 MTPY). Fuji Mill (Fuji) is to shut down all paper production machines and related equipment for the production of paper (135,000 MTPY). Kushiro Mill is to shut down its No. 8 paper production machine due to a decline in newsprint demand (143,000 MTPY). Click Read More below for additional information.