LSC Communications and R.R. Donnelley & Son’s Company announced that they have entered into a definitive agreement for LSC Communications to acquire the Print Logistics component of RRD’s Logistics business. RRD’s Print Logistics capabilities include a range of logistics services and technologies to optimize the print distribution and mail supply chain, including solutions that drive postal discounts. The acquisition is expected to close in Q3 2018. President of LSC Logistics, George Zengo, commented, “As we continue to strengthen LSC’s logistics solution offering, the combination of RRD’s Print Logistics with our recent acquisitions of Fairrington and The Clark Group greatly expands our national footprint. This gives LSC the natural synergies and scale to improve service and add more value to our current client base, as well as extends our reach deeper into a variety of other industries.” Click Read More below for additional information.
There is a bright future for printed books, a recent survey finds. According to the results, printed books will continue to be important, relevant, interesting and still very much appreciated compared to e-books and audiobooks. As one of the leading book paper and cover providers, Stora Enso conducted a study with 80 in-depth interviews in 13 countries across Europe, Asia and North America together with research company Opticom International. The aim was to gain a better understanding of the challenges and opportunities regarding book publishing and consumption. Participants included publishers, retailers, printers, merchants and new players such as audio and e-book publishers as well as companies that transfer physical books into digital format. “One of the main findings was that there is a positive future for printed books”, says Essi Lauri, VP, Head of Segment Newsprint & Book, in Stora Enso Paper division. Click Read More below for additional information.
The international packaging design competition Better with Less – Design Challenge, organised by Metsä Board was created 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. The competition was launched in November and by the time it closed at the end of March 2018 there had been an impressive 302 design concepts entered from 38 different countries. The competition jury included several renowned packaging design experts who now have selected the following ten finalists: Janne Asikainen - Koepala Cup Pocket™; Jeroen Caelen - Plastic banning toilet roll; Abdullah Cam - Moisture Face Creme Cosmetic Package; Insik Chung - ECO cake tray; Alessandro Grossi - Playing nature; Gerlinde Gruber - Fune - Sushi take-away; Sī Míng Guì - A scarf which can be turned into a hanger; Yukihiro Hozumi - Paperboard pocket tissue case; Pawel Krawczugo - Twist; Iiro Numminen - Stretching inner part. Click Read More below for additional information.
Allen Press, Inc. is the recipient of 19 awards from the Printing & Imaging Association of MidAmerica’s 2018 Graphic Excellence Competition (GraphEx). The 19 awards are the most of any company competing in the 2018 GraphEx competition. Of the winning submissions, 9 entries were Best of Category with the 2018 Alaska by Rail Calendar winning a Best of Kansas City Bronze Award and Orchids winning a Division III Silver Award. Click Read More below for additional information.
Futures in New York increased 0.6 percent after a 1.9 percent drop on Tuesday. U.S. crude inventories rose 3.43 million barrels last week, the American Petroleum Institute was said to report. That compares with a 1.23 million-barrel gain in a Bloomberg poll of analysts ahead of Wednesday’s government data. The oil market has priced in a more than 50 percent probability that the U.S. will sanction Iran, according to Standard Chartered Plc. If the API’s stockpiles data is reflected in the government announcement, it would be the biggest build since early March. The industry body was also said to show crude inventories in the American oil-storage hub of Cushing, Oklahoma, rose by 725,000 barrels last week. Gasoline stocks increased by 1.6 million barrels while distillates declined 4.08 million. Click Read More below for additional information.
“The new Versafire EP delivers extremely stable production at a constantly high speed,” sums up Marcus Unterleider, Managing Director of the Unterleider Medien Gruppe. The company, based in Rödermark, has been testing the new high-performance digital printing system from Heidelberger Druckmaschinen AG (Heidelberg) for several weeks. The Versafire EP is based on the tried-and-tested platform of the Versafire CP and has been systematically enhanced for the needs of customers in the graphics industry. Like the recently introduced Versafire EV (press released from 20 March 2018), the Versafire EP has been developed for flexible production and maximum performance. Both machine models from Heidelberg feature the Prinect Digital Frontend (DFE) and an intuitive user interface that simplifies prepress work. Click Read More below for additional information.
Challenges, opportunities and new ways of working were the topics of the day at Europe’s first shopping bag summit, hosted by Mondi. The paper bag industry took an important step towards sustainable innovation when leading shopping bag converters, suppliers and customers came together in Prague on 19 April for Let’s Paper the World 2018 – the first European shopping bag summit, organised by Mondi Group’s Speciality Kraft Paper segment. Participants included global brands Benetton, H&M and REWE Group; bag manufacturers; papermakers and paper associations; ink and glue producers; bag machine manufacturers; and market intelligence leader Mintel. Click Read More below for additional information.
Net revenues were $199.7 million, a 4% year-over-year increase. Shutterfly Consumer net revenues totaled $152.1 million, a 5% year-over-year decrease which was consistent with the Company's expectations of a mid-single digit decline in the first quarter of 2018 as indicated on prior earnings calls. Shutterfly brand growth was supported by strong performance in Photo Books as well as the Wedding Shop, which was launched in the third quarter of 2017, and was offset by anticipated revenue declines in the non-Shutterfly brands due to the platform consolidation and the brand shutdowns over the course of 2017. Shutterfly Business Solutions net revenues totaled $47.7 million, a 52% year-over-year increase. GAAP operating loss totaled $34.1 million and net loss was $27.2 million or a $0.83 loss per share. Adjusted EBITDA was $7.1 million, a $9.0 million year-over-year increase primarily due to growth in the Shutterfly brand and the benefits of the platform consolidation and restructuring. Click Read More below for additional information.
Transcontinental Inc. is pleased to announce that it has completed the previously announced acquisition of the business of Coveris Americas, a business previously held by Coveris Holdings S.A. 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. Coveris Americas operates 21 well invested production facilities in the United States, Canada, Ecuador, Guatemala, Mexico, the United Kingdom, New Zealand and China. With this Acquisition, TC Transcontinental welcomes 3,100 employees, the majority of whom are located in North America and Latin America. "We could not be prouder of this historical acquisition as we become a North American leader in flexible packaging,” said François Olivier, President and Chief Executive Officer of TC Transcontinental. “We started building our Packaging network only four years ago through a robust acquisition strategy to complement our well established printing and media operations and, today, the acquisition of Coveris Americas marks a major milestone in our continued journey to long-term profitable growth." Click Read More below for additional information.
Apple has introduced a new campus called the ‘Apple Park’ in Cupertino, California. It is reported that 80 percent of it will feature landscaping, which is set to include 9,000 trees. The new structure spans about a mile in circumference and is a single ring. The entire facility is powered by renewable energy. Solar panels on the roof generate up to 17 megawatts of power, enough for 75 percent of demand during peak times. The rest of the building’s needs are met by onsite fuel cells powered by biofuel or natural gas. Click Read More below for additional information.