Do you want to give your feedback as we revise our benchmark for sustainable forest management? But feel like you need more information on how this vital document is changing? Then make sure you register for our upcoming webinars! Taking place 12 and 14 June, these webinars will introduce and explain the main proposed changes to PEFC ST 1003 – the international benchmark that provides the basis for the requirements that forest owners or managers must meet to achieve PEFC certification at local level. Make sure you register now so you don’t miss out. Click Read More below for additional information.
We sometimes tend to forget the sustainable advantages that paper has compared to other materials. The fact that it’s chemical free, biodegradable, has low CO2 emissions and is of sustainable origin are almost taken for granted. With the increasing attention on plastic waste and the scary images of plastic islands floating in our oceans, paper’s being perceived more positively than ever before. Janosch Schenk, Technical Customer Service Engineer, Alfeld Mill reveals just why: “Although there is no recognised certification system for green printing, we can identify trends and standard practices in the different industry segments. The reality from the paper perspective is that green printing doesn’t really bring any new difficulties to the table. We don’t need to adjust our processes because independent certifications already exist for paper that demand certification requirements. For us, green printing is a new name for something we already do.” Here are ways green printing’s already being put into practice: Click Read More below for additional information.
Publishers’ revenue increased by $143.2 million (+6.2%) for the first quarter of 2018 (Jan - March) compared to the same period in 2017. These numbers include sales for all tracked categories (Trade - fiction/non-fiction/religious, PreK-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses). The increases are attributed primarily to strong growth in trade (consumer) books in January and February. Trade books increased by $94.7 million (+6.3%) to $1.59 billion in the first quarter of 2018 compared to the same period in 2017, with growth in Adult Books, Children & Young Adult Books and Religious Presses. Publishers also saw increased revenue for Professional Books, University Presses and Higher Ed Course Materials. Click Read More below for additional information.
What a difference a week can make. Oil prices surged to their highest level in over three years last week, and strategists were marveling that prices had shot up so quickly. Now prices are slumping. US crude oil futures have dropped by nearly 10% to trade around $66.50 per barrel, down from about $73 last week. Global benchmark Brent crude oil has dropped by about 6% to trade around $76, after peaking above $80. The sharp price decline was triggered on Friday by Saudi Arabia, the biggest oil exporter in the world and de facto leader of oil cartel OPEC. Click Read More below for additional information.
Oil prices plunged on Friday as reports said OPEC and Russia are considering lifting production by as much as 1 million barrels a day to meet the shortfall in supply from Iran and Venezuela. The losses came after media reports hit saying the Organization of the Petroleum Exporting Countries and Russia are discussing plans to lift their production for the first time since 2016. Bloomberg said the major producers are considering pumping between 300,000 and 800,000 more barrels of oil a day, while Reuters said the number could be as high as 1 million barrels. Click Read More below for additional information.
Please be advised we plan to increase the price of our 27.7# (45.0 gsm.) standard newsprint by $22.00 per metric ton effective July 1, 2018. Prices for all other newsprint basis weights will be adjusted proportionally as per past practices.
For the first quarter ended May 5, 2018: • Net sales were $3.8 billion, an increase of 10% compared with last year. Excluding the impact from the adoption of the new revenue recognition standard, net sales increased 6% compared with last year. * The translation of foreign currencies into U.S. dollars positively impacted the company’s net sales for the first quarter of fiscal year 2018 by about $40 million. First quarter net sales details appear in the tables at the end of this press release. • Gross profit was $1.43 billion, an increase of 10% compared with last year. Excluding the impact from the adoption of the new revenue recognition standard, gross profit increased about 3% compared with last year. Click Read More below for additional information.
National Average Price for Regular – Current: $2.969; Month Ago: $2.782; Year Ago: $2.372. National Average Price for Diesel – Current: $3.208; Month Ago: $3.043; Year Ago: $2.510.
American Dollar to Canadian Dollar = 0.772086; American Dollar to Chinese Yuan = 0.156568; American Dollar to Euro = 1.167135; American Dollar to Japanese Yen = 0.009137; American Dollar to Mexican Peso = 0.050923.
Total European shipments of graphic papers in March 2018 were down 8.1% vs. March 2017 and are down 4.6% year-to-date. Total European shipments of newsprint in March 2018 were down 12.7% vs. March 2017 and are down 8.7% year-to-date. Total European shipments of sc-magazine papers in March 2018 were down 14.1% vs. March 2017 and are down 10.1% year-to-date. Total European shipments of coated mechanical reels in March 2018 were down 3.3% vs. March 2017 and are UP 1.7% year-to-date. Total European shipments of uncoated mechanical (improved & others) in March 2018 were down 1.3% vs. March 2017 and are UP 7.1% year-to-date. Total European shipments of coated woodfree in March 2018 were down 10.8% vs. March 2017 and are down 6.7% year-to-date. Total European shipments of uncoated woodfree in March 2018 were down 4.0% vs. March 2017 and are down 4.2% year-to-date. Click Read More below for additional information.