What could be more exciting than the end of the school year? For many students, the answer is graduation season. May and June mark the end of one chapter and the beginning of another in many families’ lives. And paper is there every step of the way, even in this digital world. What would graduation season be like without paper? Just imagine that you’re walking across the stage on your graduation day. A crowd of family and friends are in the audience to cheer you on. You reflect on your achievements and consider where you’ll hang your beautiful framed diploma. You shake hands with a school official, and then you hear, “Congratulations on your graduation! Log on to our website to access your diploma.” Click Read More below for additional information.
The recent $40 million modernization projects at the Irving Pulp & Paper and Irving Tissue facilities in Saint John represent an investment in the future of New Brunswick. At peak, the projects included over 1200 workers from 84 local contractors and more than 400 employees at these two Saint John mills. Every year there are more than 1700 small N.B. businesses across more than 250 communities - from two employees to hundreds - that supply goods and services to the JDI forest products value chain. From seed to shelf we are adding value and jobs. Click Read More below for additional information.
IntuIdeas' John Parsons, who co-authored "Introduction to Graphic Communication" with former Cal Poly Graphic Communication Department Head Harvey Levenson, describes release of the first textbook to use Ricoh's Clickable Paper technology. Printed by Edwards Brothers Malloy on its high-speed Ricoh Pro VC60000 inkjet press, the four-color book combines print and multimedia engagement, including access to related digital media content and reader-to-reader interaction. Click Read More below for additional information.
Preem and RenFuel are assessing, in collaboration with Rottneros, the construction of the world’s first lignin plant for biofuels, at the pulp mill in Vallvik, Söderhamn. The plant is expected to produce an annual volume of 25,000-30,000 tonnes of lignin, and will be completed in 2021. The collaboration between the companies means that Preem will be the first fuel manufacturer in Sweden to use lignin in its production. Via the company Lignolproduktion AB, which is jointly owned by Preem and RenFuel, the aim is to reach a total annual production capacity of 300,000-500,000 tonnes of lignin, based on the assumption that more plants similar to that in Vallvik are established in the future. Click Read More below for additional information.
Oil prices recorded their largest one-day drop in two weeks on Thursday, with expectations building that OPEC will end an output deal that has been in place since the start of 2017 due to concerns about supplies from Venezuela and Iran. The Organization of Petroleum Exporting Countries may decide in June to lift output to make up for reduced supply from Iran and Venezuela and in response to concerns from Washington about a rally in oil prices, OPEC and oil industry sources told Reuters. Click Read More below for additional information.
Earnings per share for the first quarter ended May 5, 2018, were $0.17 compared to $0.33 for the quarter ended April 29, 2017. First quarter operating income was $154.8 million compared to $209.2 million last year, and net income was $47.5 million compared to $94.1 million last year. The company reported net sales of $2.626 billion for the first quarter ended May 5, 2018, an increase of 8 percent compared to sales of $2.437 billion for the quarter ended April 29, 2017. Comparable sales for the first quarter ended May 5, 2018, increased 3 percent compared to the thirteen weeks ended May 6, 2017.
Domestic revenue of $8.41 billion increased 6.3% versus last year driven by comparable sales growth of 7.1%, partially offset by the loss of revenue from 17 large-format and 193 Best Buy Mobile store closures over the past year. International revenue of $697 million increased 13.1% versus last year. This increase was primarily driven by comparable sales growth of 6.4%, due to growth in both Canada and Mexico, and approximately 500 basis points of positive foreign currency impact. Domestic gross profit rate was 23.3% versus 23.6% last year. International gross profit rate was 23.4% versus 24.5% last year. Click Read More below for additional information.
UPM Paper Europe and North America (ENA) business has been renamed UPM Communication Papers to underline the industry focus and global reach of the business area. It also highlights UPM's long-term commitment to sustaining its global graphic paper business, building on the view that paper will continue to be an important part of the media mix in the publishing industries and business communication. UPM Communication Papers is a world leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. Click Read More below for additional information.
Expera Coated Products announced today a new brand of liners used in the manufacture of Advanced Composites. AeroBak™ liners are designed with specific properties and performance characteristics to meet the extreme challenges encountered during the manufacture and delivery of prepreg. These properties represent years of development of both the base sheet and the coatings. “Expera Coated Products’ AeroBak™ liners deliver solutions to the market using unique technologies that extend our products beyond traditional release liners,” explained Harry Challender, Vice President of Expera Coated Products. “Through collaboration, our team leverages the depth of experience we have in both paper and coating technologies to provide a distinct product to address individual requirements. Expera Coated Products is committed to this industry as witnessed by our recent investment in capacity designed around the unique needs of the composite market.” Click Read More below for additional information.
In the middle of May, more than 400 guests from all over the world attended the Packaging Day hosted by Heidelberger Druckmaschinen AG (Heidelberg) at the Wiesloch-Walldorf site. Under the slogan “Think out of the Box”, they witnessed the premiere of the Primefire 106 – what up until then was only available to see in customers’ print shops and in the laboratory environment is now also installed in the Print Media Center Packaging, and thus completes the extensive demo range in the world’s biggest demo center for packaging solutions. Heidelberg is the only manufacturer to integrate offset and digital printing including finishing via the Prinect workflow, and is opening up new business models for packaging printing. The Packaging Day offered the visitors a platform for getting new ideas and inspiration for their current and future business models. Three information tours – “Packaging as you like”, “Operational Excellence”, and “Special Applications” – addressed the trends in the industry and provided a comprehensive presentation of the corresponding solution from Heidelberg. Click Read More below for additional information.