Using wood in construction is fantastic. It looks good, is easy to work with, is healthy for the people living and working within it and is great for our planet – but only if it comes from a sustainable source. Whatever timber you choose, whether solid wood or engineered wood such as CLT and glulam, it is vital that it comes from a forest that is managed sustainably, ensuring it is around for generations to come. But how can you be sure that the wood actually came from such a sustainably managed forest? The answer, of course, is PEFC certification! Click Read More below for additional information.
Brazilian pulp and paper producer Suzano shut operations throughout Brazil over the weekend in response to an ongoing strike by truck drivers over diesel fuel prices, a company spokesman said Tuesday. Rafael Mastrocola, head of investor relations for Suzano, told S&P Global Platts the company already had reduced output, since Friday took it further and "as of now we have halted pretty much all of our sites." Click Read More below for additional information.
For the first quarter, net sales were $561.8 million compared to $583.7 million in last year's first quarter. This decrease of 3.8% primarily reflects a comparable sales decline of 5.9% and the impact of 41 net store closures since last year's first quarter, partially offset by the favorable impact of the calendar shift due to the 53rd week in fiscal 2017. The comparable sales decline was primarily driven by lower transaction count. For the first quarter, gross margin was $226.9 million, or 40.4% of net sales, compared to $237.4 million, or 40.7% of net sales, in last year's first quarter. This 30 basis point decrease primarily reflects the initial implementation costs and launch of a new expedited shipping program, partially offset by a 70 basis point improvement in maintained margin. Click Read More below for additional information.
For the first quarter ended 31 March 2018, Lecta had revenue of €375.4 million versus €376.3 million in the first quarter ended 31 March 2017, a decrease of €0.9 million or -0%. EBITDA decreased by €4.9 million, or -16%, from €30.2 million in 1Q2017 to €25.3 million in 1Q2018. Click Read More below for additional information.
Oil steadied near $67 a barrel as markets regained some composure following renewed trade tensions between the U.S. and China, political turmoil in Europe and simmering concerns that OPEC may ease its output curbs. Futures in New York were little changed, though still almost $6 below last week’s high. China said it would respond accordingly to U.S. President Donald Trump’s plan to impose tariffs on $50 billion of Chinese imports. Encouraging economic data in Europe blunted panic related to Italy’s political crisis, which on Tuesday helped boost a gauge of oil market volatility to its highest level since February. Click Read More below for additional information.
Lars Lundin has been appointed Senior Vice President Paper and will take up his new role no later than the first of december 2018. He succeeds Nils Ringborg, who will remain part of Group management as advisor to the CEO. "Lars has shown himself to be an excellent manager of change, with years of experience in both production and marketing. His collection of skills will be invaluable in the continued drive to develop our business and I have no doubt that Lars will take Holmen Paper to new heights", says Henrik Sjölund, President and CEO of Holmen. Click Read More below for additional information.
ISLA® Duo cupstock is Kotkamills' solution to an ever-growing problem. It does not contain any plastics or waxes that are harmful for the environment or health. Easy recycling makes ISLA® Duo cups an integral part of the circular economy and makes sure that the valuable wood fibre can be reused. A traditional single-use coffee cup includes a barrier layer made from plastic, which prevents absorption of liquids and greases. The barrier layer in ISLA® Duo products is a water-based dispersion coating instead of PE plastic. Being plastic-free enables the products to be easily recyclable in normal paper and board recycling, and the wood fibre can be reused fully. ISLA® Duo cupstock doesn't contain any waxes harmful for the health nor do they cumulate in the nature like plastic. Click Read More below for additional information.
Summer is a key time for booksellers around the country in regions that attract tourists during the season, and for those that see increased foot traffic from teachers and children. “Our Chamber of Commerce anticipates a 5% rise in visitors to Alaska this summer,” said Jenny Stroyeck at the Homer Bookstore in Homer, Alaska. “Our foot traffic does go up in the summer.” She noted that with the long driving distances between towns, parents like to buy their kids books to ensure peace and quiet on the road. The Homer Bookstore has had a slight dip in sales so far this year—it is down 2% compared to the same period in 2017—but, like many stores around the country, anticipates a boost from some big seasonal events. The Kachemak Writers’ Conference, which will be held in Homer in June and will feature Anthony Doerr as the keynote speaker, should produce some strong numbers for the indie. Click Read More below for additional information.
Sonoco announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning July 2, 2018. Sonoco cited continuing inflation of input costs, especially freight and papermaking chemicals, and significantly longer backlogs at its mills as the drivers for this pricing action. Sonoco is one of the largest integrated manufacturers of uncoated recycled paperboard in the United States and Canada, producing more than one million tons annually from 11 mills.
Tetra Pak today announces that its new tubular heat exchanger with P2P (Product to Product) technology now has 3-A certification. P2P heat exchangers are typically used by dairy, beverage and ice cream producers, and can also process products with particles. They offer up to 50% improved energy efficiency compared to Product to Water (P2W) alternatives through lower steam and cooling water consumption. Designed to achieve optimum hygiene, Tetra Pak’s machine is constructed with an innovative oxygen-free welding technique that eliminates crevices and potential hygiene blind spots, to achieve zero risk of bacteria aggregation. Click Read More below for additional information.