Allen Press, Inc. is the recipient of five awards from the Printing & Imaging Association’s (PIA) Premier Print Awards Competition. With over 2,000 entries, the PIA Premier Print Awards is the most prestigious international print competition in the world. “These awards are the result of our team’s steadfast commitment to the highest standard of print quality,” said Allen Press CEO Randy Radosevich. “We are honored to be recognized by PIA and will continue to enhance our capabilities and technology to better serve our customers.” Of the winning submissions, three entries won Certificates of Merit and two won Awards of Recognition. Click Read More below for additional information.
The American Forest & Paper Association (AF&PA) announced the election of Resolute Forest Products President and CEO Yves Laflamme and Sonoco Products Company President and CEO Robert Tiede to serve on its Board of Directors. The election took place during the June 28 summer board meeting. AF&PA President and CEO Donna Harman issued the following statement, “Yves Laflamme and Robert Tiede bring deep industry experience and valuable leadership to the table as we work to advance the paper and wood products industry’s top advocacy priorities. We are one of the largest manufacturing sectors in the nation – eager to innovate and invest in the future with the help of common sense public policy, including regulatory reform, free and fair trade and efficient transportation measures. Together, we will put our companies’ compelling story and its needs before the administration, Congress and decision makers at the federal and state levels so they can take the action necessary to help us grow the economy and create American manufacturing jobs.” Click Read More below for additional information.
National Average Price for Regular – Current: $2.853; Month Ago: $2.968; Year Ago: $2.242. National Average Price for Diesel – Current: $3.162; Month Ago: $3.212; Year Ago: $2.443.
American Dollar to Canadian Dollar = 0.754769; American Dollar to Chinese Yuan = 0.151038; American Dollar to Euro = 1.165498; American Dollar to Japanese Yen = 0.009038; American Dollar to Mexican Peso = 0.050926.
Crude gains have been buoyed by a dispute in Libya over oil-marketing rights that is hindering the North African nation’s export capacity. In Libya, the supply of up to 780,000 barrels of crude a day is at risk, according to analysts at Commerzbank. Separately, the energy market has been reacting to threats from the Trump administration this week, who indicated that the White House would look to sanction countries that don’t reduce their imports of Iranian crude to “zero” by Nov. 4. Iran currently exports around 2.4 million barrels a day of crude. Click Read More below for additional information.
A recently purchased EFI™ VUTEk® 5r LED roll-to-roll printer from Electronics For Imaging, Inc. is driving new business opportunities at Italian digital printing company New Decor System. The printer – the Rome-based company’s fourth 5-metre inkjet device – will be used to expand New Decor System’s range of high-quality large format prints as the company works to grow local and national demand. New Decor System is one of Italy’s leading suppliers of digitally printed wideformat signage and graphics, including out-of-home advertising, backlit panels, banners, vehicle wraps and soft signage. The company’s CEO, Angelo Modica, has New Decor System in its 30 years of business, thanks to continuous investments in the most advanced technologies. With a range of machines that includes numerous small-format plotters and three-large format machines, New Decor System is able to guarantee deliveries in 24 hours throughout Italy. Click Read More below for additional information.
The Nicolet Mill was honored on June 28, 2018 – receiving Focus on Energy’s “Energy Efficiency Excellence Award” for its commitment to reducing energy waste. Nicolet has been active in identifying and implementing energy reduction projects, and as part of the Focus on Energy grant program, has worked with Wisconsin Public Service (WPS) and Focus on Energy on assessments of their processes, and has integrated many energy-saving changes based on the assessment results. Recent energy efficiency projects at Nicolet include LED lighting upgrades, steam system management upgrades, and installing more efficient agitators and pulper rotors. The Nicolet Mill was the only industrial company to receive this honor this year.
City and regional magazine publishers continue to be nimble and optimistic in an atmosphere that remains anxious about the future of print advertising. “We discovered that there were a lot of people in Seattle that loved what we were doing in Portland and wanted us to bring the same type of city magazine to the Seattle market. So, in quick order—about a year and a half later—we started Seattle Met,” says Jeff Adams, vice president of custom media at SagaCity. “We started pretty soon after that with our first customer, which was Travel Portland.” SagaCity continues to service Travel Portland, a private non-profit destination marketing organization, highlighting the company’s vested interest in tourism publishing. Additional custom work includes the Asheville, North Carolina visitor guide, a program for the Houston Ballet, a Houston visitor guide, and smaller consumer magazines, such as Jewish in Seattle. Click Read More below for additional information.
Hearst, one of the nation's largest diversified media, information and services companies with more than 360 businesses, announced today that Beth Buehler has been named vice president of operations, a new role. The announcement was made by Hearst President and CEO Steven R. Swartz and Hearst Chief Operating Officer Mark Aldam. Buehler begins her new role on July 2 and will report to Aldam. “Beth’s experience leading operations and strategy across business functions will be instrumental in our efforts to collaborate more effectively across the corporate boundaries and bring more value to each of our operating teams,” Aldam said. “Beth was a key contributor during the integration of Rodale into Hearst earlier this year and she will be a great partner to our leaders across the company.” Click Read More below for additional information.
Sun Chemical released its 2017 Corporate Sustainability Report which details the work the company is doing to increase its use of bio-derived raw materials in its products and shows positive progress on its eco-efficiency goals. Highlights from the report focus on Sun Chemical’s commitment to the development of eco-friendly solutions, including how: •solvent-based liquid inks use resins responsibly sourced from certified forests, •water-based liquid inks use bio-derived resins that do not impact ink performance, •printed biosensor technology detects levels of pyruvates in onions to determine pungency, •bio-based food colorants are using spirulina derived from photosynthetic bacterium, and •its MirrorTech inks reduce waste by replacing metalized board with printable metallic ink. Click Read More below for additional information.
aper manufacturers encourage forest sustainability through their purchase and use of certified wood fiber and by promoting sustainable forest management policies and practices at home and around the globe. By providing a dependable market for responsibly grown fiber, the paper industry encourages landowners to manage their forestland instead of selling it for development or other non-forest uses.², ³ • Net forest area in the U.S. has been stable since the early 1900’s and has increased from 754 to 766 million acres between 2005 and 2015. Net volume of growing stock increased by over 10% between 2005 and 2015.4 Canada’s forest area of 857 million acres has been quite stable over the past 25 years.5 • Each year forests in the U.S. and Canada grow significantly more wood than is harvested. In the U.S., average net annual increase in growing-stock trees nationwide is about 26 billion ft³.6 In 2015, Canada harvested just over 5.6 billion ft3 of timber, well below the estimated sustainable wood supply level of 7.98 billion ft³.7 Click Read More below for additional information.
The company’s acquisition has been finalized. Feldmuehle Uetersen announced that it will be transferred to a subsidiary of the Berlin-based Beteiligungsgesellschaft Kairos Industries with effect from 15 June 2018 and will be continued in full. ‘Feldmuehle’ was founded specially for the transfer. The insolvency administrator and restructuring expert Dr. Tjark Thies from the Hamburg law firm Reimer Rechtsanwälte had concluded an acquisition agreement with Kairos in May 2018. This agreement was under several challenging conditions, which were met the week ended June 15. "The successful completion of this refurbishment is largely thanks to the dedication, flexibility and responsiveness of the Feldmuehle employees," says Thies.
Domtar Corporation released its 2018 Sustainability Update, highlighting the company’s ongoing efforts to take a longer-term view of creating and preserving value for shareholders, customers, employees and communities. In an update to its 2017 report, Domtar announced that the company has met or exceeded three of the company’s six 2020 sustainability goals this year. “At Domtar, everyone has a role in sustainability because it is how we do business every day,” explained John D. Williams, Domtar's president and CEO. “Sustainability is an integral part of our long-term growth strategy, which is exactly why we have been able to meet or surpass half of our 2020 sustainability goals already in 2018—and why we are well on track to achieve the remaining.”. Highlighted in the 2018 update, Domtar’s commitment to integrating sustainability into its long-term growth strategy resulted in key accomplishments across the company’s 2020 goals. Click Read More below for additional information.
Stora Enso has started a feasibility study and an environmental impact assessment (EIA) for a possible investment in Oulu. The feasibility study and the EIA evaluate a potential conversion of the Oulu paper mill into packaging board production. The feasibility study is expected to be concluded by the end of 2018, and the EIA process is expected to take a minimum of 6 months. Currently, Oulu Mill has a production capacity of 360 000 tons of chemical softwood pulp and 1 080 000 tons of woodfree coated papers on two paper machines. The potential investment would include a new chemi-thermomechanical pulp (CTMP) plant, a brown-based cartonboard line with a capacity of 450 000 t/a and a kraftliner line with a capacity of 400 000 t/a. The potential conversion of Oulu Mill would enable Stora Enso to further improve its position in the growing consumer board and packaging solutions businesses and take a major step in its transformation. The other option is to continue the current fine paper production. Click Read More below for additional information.
The U.S. Energy Information Administration reported Wednesday that crude supplies declined by 9.9 million barrels for the week ended June 22—the largest weekly decline so far this year. Analysts surveyed by S&P Global Platts had forecast a fall of 2.3 million barrels, while the American Petroleum Institute on Tuesday reported a drop of 9.2 million barrels. “Record crude exports and record refinery runs have combined to yield the biggest draw to crude stocks so far this year,” said Matt Smith, director of commodity research at ClipperData. “Even crude production holding at a record level has been unable to offset strong domestic and international demand.” The EIA pegged last week’s total domestic crude output at 10.9 million barrels a day, unchanged from the previous week. Click Read More below for additional information.
Coca-Cola Turkey has launched its summer promotional range, making unprecedented use of thermochromic inks to add color, function and fun to ten new aluminium beverage can designs. Historically, one or two thermochromic inks have been combined to communicate temperature changes. For the first time, Coca-Cola Turkey is using thermochromic ink technology as a true decorative tool, making it an integral part of how the can looks. Four separate inks have been used to create bright designs that stand out when the cans are chilled and the drinks ready for consumption. The designs featured on Coke Red and Coke Zero beverage cans all have summer themes, ranging from ice cubes and palm trees to sandals and sailing boats. The images are colourless at ambient temperature and change to colourful patterns when the drink is chilled and ready for consumption. Click Read More below for additional information.
DS Smith Packaging Roanoke has been awarded a National Silver ADDY Award for Advertising Industry Self-Promotion Cards, Invitations or Announcements. This is the second National Silver ADDY Award win for one of the company’s self-promotion pieces, and they were the only corrugated display and packaging manufacturing company with an in-house design group to win a National ADDY Award. This award was given for the CCCBox Series Convertible Giveaway, which was gifted to customers during the 2017 holiday season. The convertible was designed, illustrated, printed and assembled in house and is made from E flute corrugated board, 4-color process flexo printed and die cut. Click Read More below for additional information.
“For forest certification to be affordable and successful in meeting the needs of smallholder bamboo communities, it needs to be risk based, regional, nationally appropriate and internationally recognized,” said Ben Gunneberg, CEO of PEFC International, at the Global Bamboo and Rattan Congress (BARC2018 ). BARC2018“PEFC can provide this.” BARC2018, held recently in Beijing China, brought together stakeholders from around the world to discuss how bamboo and rattan can contribute to South-South cooperation, climate change and the Sustainable Development Goals, among many other issues. Click Read More below for additional information.
Net sales for the first quarter of fiscal 2019 decreased 9.2% to $371.9 million, compared to $409.5 million for the first quarter of fiscal 2018. Company comparable sales decreased 8.2% versus the year-ago period. The Company operated 997 stores at the end of the quarter, a decrease of 19 from the first quarter of fiscal 2018. Gross profit for the first quarter of fiscal 2019 totaled $120.1 million, or 32.3% of net sales, compared to $151.6 million, or 37.0% of net sales, for the first quarter of fiscal 2018. Click Read More below for additional information.
Kimberly-Clark Corporation reported its progress toward achieving its Sustainability 2022 strategy to create social, environmental and business value. "We continue to make strides in our efforts to create positive social and environmental change," said Thomas J. Falk, Kimberly-Clark's Chairman and Chief Executive Officer. "That's why we are committed to an ambitious set of sustainability goals that will have a lasting impact on the people we serve around the world and the communities we touch." Click Read More below for additional information.
For the first quarter, the company reported net loss from continuing operations of $41.7 million, or $0.04 per share, Adjusted net loss from continuing operations of $11.5 million, or $0.01 per share, and Adjusted EBITDA from continuing operations of $147.3 million, or 2.7 percent of revenues. For the first quarter of fiscal 2019, the company reported net income of $214.4 million, or $0.20 per share. Net income for the first quarter included an after-tax gain of approximately $268.6 million relating to the sale of 281 stores to Walgreens Boots Alliance, Inc. ("WBA"), which completed the sale of stores and related assets to WBA. The sale of the three distribution centers and related inventory is expected to occur after September 1, 2018. As a result of the proceeds received from the store sales, Rite Aid's debt, net of cash, was $3.0 billion as of June 2, 2018. Click Read More below for additional information.
UPM Raflatac is taking another step forward in its drive to label a smarter future by announcing that it has developed a range of wash-off film labeling solutions for a variety of end uses that can help brands create a circular economy and also meet or even accelerate their ambitious sustainability targets. These clear, white and metalized film label stocks - featuring UPM Raflatac's RW85C wash-off adhesive and a PET liner made from 90 percent post-consumer recycled (PCR) content - have been recognized by the Association of Plastic Recyclers (APR) as exceeding their strict standards for recyclable label products. Now available in the Americas and Asia Pacific market regions, the labels are ideal for labeling PET containers in the food, beverage, home care and personal care segments. Click Read More below for additional information.
Fiscal 2018 third quarter net earnings attributable to Walgreens Boots Alliance determined in accordance with GAAP increased 15.5 percent to $1.3 billion compared with the same quarter a year ago, while GAAP diluted net earnings per share increased 26.2 percent to $1.35 compared with the same quarter a year ago. Adjusted fiscal 2018 third quarter net earnings attributable to Walgreens Boots Alliance1 increased 5.6 percent to $1.5 billion, up 4.6 percent on a constant currency basis, compared with the same quarter a year ago. Adjusted diluted net earnings per share for the quarter increased 15.0 percent to $1.53, up 13.5 percent on a constant currency basis, compared with the same quarter a year ago. Sales in the third quarter were $34.3 billion, an increase of 14.0 percent from the year-ago quarter, and an increase of 11.8 percent on a constant currency basis. Click Read More below for additional information.
Rise Interactive made search marketing history with the first-ever perfect score for its entry at the 2018 Search Engine Land Awards. The awards, which recognize top performers in the SEO and SEM communities, were announced earlier this month at the SMX Advanced Conference in Seattle. Rise Interactive won Best Retail Search Marketing Initiative and was also named Agency of the Year in the Large Agency SEM category. “It is such an honor for Rise to be recognized by Search Engine Land as SEM Agency of the Year,” said Jon Morris, Founder and CEO of Rise Interactive. “This acknowledgement affirms that Rise is delivering truly cutting-edge search strategies that drive business outcomes for our clients. Search will continue to be a channel that we invest heavily in to innovate and differentiate our service offering and solutions.” Click Read More below for additional information.
Metsä Board, the leading European producer of premium fresh fibre paperboards, has been awarded the Gold level rating by EcoVadis for the second consecutive year for its approach to sustainability and corporate social responsibility. Overall Metsä Board was ranked in the top 1% of suppliers assessed by EcoVadis across all categories. “This is a significant achievement, as the EcoVadis assessment is becoming an increasingly important guide for our customers when judging their suppliers’ sustainability and corporate social responsibility performance. We recognise that sustainability must go beyond regulatory compliance to also focus on how companies manage their economic, social, and environmental impacts, as well as their relationships with stakeholders such as customers, employees, suppliers and government,” says Anne Uusitalo, Product Safety and Sustainability Director at Metsä Board. Click Read More below for additional information.
Pearson, the digital education company, published its 2017 Sustainability Report, which highlights the progress made in implementing its 2020 Sustainability Plan and a continued vision for integrating social and environmental issues into every aspect of the business. Pearson’s 2020 Sustainability Plan is centered around three pillars: 1.Reach more learners by removing barriers to education both through core business and partnerships and enabling learners to be their best selves; 2.Shape the future of learning by leveraging technology and innovating to meet each learner where they are, with content that equips today’s learners with the skills to shape a better tomorrow for people and planet; and 3.Be a trusted partner to learners, educators, suppliers, and communities: operating responsibly, creating value for society, and protecting the environment. Click Read More below for additional information.
Lecta extends its portfolio of Metalvac products with the new Metalvac G paper, an extensive range of high substance papers (from 105 g/m2 to 170g/m2), especially designed for high-end graphic applications and premium packaging. Metallized papers are the perfect choice for these end uses where sophistication and exclusivity are the goal, thanks to their glossy metallic appearance, their optimum brightness and their being 100% recyclable mono-material. The new Metalvac G range offers the possibility of creating exclusive packaging, especially for premium look envelopes and gift bags with Metalvac G 105 g/m2, and for board lamination for rigid boxes and prestige packaging with Metalvac G 115 - 170 g/m2. Metalvac G also guarantees the best results in offset, UV offset, flexography and silkscreen printing, and is suitable for hot-melt and water-based glues. Click Read More below for additional information.
Ava Middleton learns more about digital printing after tour at Allen Press. School’s out for the summer which normally means vacations, swimming, and hanging out with friends… well, not for these super kids. Ava Middleton, Rider Middleton, and Katherine Cheung have dipped their young toes into the publishing world by writing, designing and publishing their first magazine, proving that kids can certainly conquer what they put their minds to. Mills Farm Magazine Kids’ Edition was launched due in part to an anonymous donation to fund the magazine’s print production. After choosing Allen Press as its printing partner, local Sales Executive, Kathy Lafferty, organized a pressroom tour for Ava, Rider, and her parents, Theresa and Wes Middleton, to see how the magazine was printed and to learn more about magazine publishing and production. Click Read More below for additional information.
Strong buying emerged in oil markets Tuesday as focus shifted to an expected decline in Iranian crude exports after a senior U.S. State Department official said countries must stop purchasing crude by the start of November or face sanctions. Companies that buy Iranian crude oil must completely halt those exports by Nov. 4 or else they will face powerful U.S. sanctions, a senior State Department official told reporters on Tuesday. Oil prices moved sharply higher as investor focus shifted to the prospect of a void in global supplies as Iran – OPEC's third largest producer – exports more than 2 million barrels per day (bpd). Click Read More below for additional information.
Electronics For Imaging, Inc. announced that Aahs Signs in greater Los Angeles has purchased an EFI™ VUTEk® LX3 Pro superwide-format printer with an EFI Fiery® proServer Premium digital front end (DFE). The company plans to leverage the versatility, throughput and speed of the hybrid flatbed/roll-to-roll printing device to expand its already thriving online novelty gift-production business and to meet growing demand for specialty large-format printing in the décor market. “About three years ago we started creating and selling products online, through Amazon and eBay. The business is doing well, but with our previous capacity, we couldn’t keep up with demand. With the new VUTEk, I’ll be able to fulfill the growing demand for our products and grow that business,” said Gurmeet Sawhney, president and CEO of Aahs Signs. Click Read More below for additional information.
Monadnock Paper Mills, Inc. has entered into an exclusive licensing agreement with HS Manufacturing Group, LLC for the use of their proprietary HS SILVA™ plant-based coating and additive chemistry. The functional characteristics afforded by HS SILVA™, combined with well-formed fiber-based substrates, result in products with oil and grease-resistant properties and/or significantly improved water resistance for applications like outdoor signage, horticultural labels and tags. While having improved durability these substrates will be 100 percent recyclable, 100 percent biodegradable and 100 percent compostable. “We’ve partnered with HSMG over the last several years and have successfully used their unique chemistry to produce uncoated and coated paper products in a wide variety of applications.” said Paul Ciccone, Vice President of Research and Development for Monadnock. “We can create paper based products tailored to meet your needs while meeting the market requirements of recyclability and biodegradability.” Click Read More below for additional information.
In a world increasingly aware of the need to preserve our natural resources, paper-based packaging offers a renewable, recyclable, and sustainable solution. Through The Responsible Package® initiative, Pratt Industries works with allied companies and associations to provide free, standards-based education materials on this topic to middle school teachers, students, and families. As future decision-makers, the students of today play an important role in preserving our natural resources for future generations. By helping students understand the value of materials that might otherwise be sent to landfill, we as an industry can work to maintain our long-standing tradition of recovering and recycling paper and paper-based packaging at rates well above most of our non-renewable competitors. In 2017, The Responsible Package educational materials were distributed to 355,000 students in more than 2,000 schools across 25 states. All of the educators who responded to a year-end survey expressed interest in repeating their participation in the program and reported students gaining awareness and a positive outlook for paper-based products. Click Read More below for additional information.
Rayonier Advanced Materials Inc. and Borregaard ASA announced LignoTech Florida, owned 45 percent by RYAM and 55 percent by BRG, officially begun operations at the new lignin plant in Fernandina Beach. The plant has production capacity of 100,000 dry metric tons of lignin with the option of a second phase that can later expand production by an additional 50,000 dry metric tons “We are excited to complete construction phase of the plant, on time and within $110 million combined budget,” said Paul G. Boynton, Chairman, President and Chief Executive Officer of Rayonier Advanced Materials. “This investment provides new jobs for the Fernandina Beach community, diverse and environmentally-friendly products for Rayonier Advanced Materials, and a solid return on capital for our investors.” Lignin, a natural component of wood, is a co-product of Rayonier Advanced Material’s sulphite cellulose manufacturing process in Fernandina Beach. The new operation will process the lignin into value-added products that provide environmentally-friendly alternatives to fossil fuel-based products used globally in construction, agriculture and other industrial applications.
David Carey, the president of Hearst Magazines since 2010 and the architect of some of the most successful magazine launches at that company in recent decades, is stepping down at the end of the year, according to the company. Carey will serve next year as a fellow at the Harvard Advanced Leadership Initiative, a program designed to give business, government and other leaders a platform for social-impact initiatives. "Under David, we have become a preeminent global digital publishing company while continuing to launch innovative print editions," CEO Steven Swartz said in a memo to employees this morning. "Over the next few months, while continuing to run the group, David will help select the next leader of our magazine company. This kind of orderly transition is a hallmark of Hearst Magazines." Click Read More below for additional information.
The newspapers, like the staff, are leaner than they were a decade ago, with fewer reporters to write about crime, the school board and youth sports and to craft obituaries for their aging readership. And now they’re facing a new and unexpected threat: President Trump’s confrontational trade policies. Last year, in one of the Trump administration’s first actions on trade, the U.S. government imposed tariffs on Canadian lumber. A few months later, it added tariffs on Canadian uncoated groundwood paper. The result has been a jump in the cost of newsprint, the second-biggest operating expense, after salaries, for most newspapers. Rogers and fellow news executives across the country are now bracing for price increases that could exceed 30 percent, forcing tough budget decisions and potentially driving some community papers out of business. “This may be the thing that pushes us across the line,” Rogers said. “We’re all kind of close to that edge.” Click Read More below for additional information.
Oil prices steadied on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and escalating trade conflicts between the United States and other major economies. Eastern Libyan commander Khalifa Haftar's forces have given control of oil ports to a separate National Oil Corporation (NOC) based in the country's east. The official state-owned oil company from the capital Tripoli, also called NOC, will no longer be allowed to handle that oil, he said. Click Read More below for additional information.
For 170 years, Domtar has manufactured useful products for thousands of applications. For the past 20 years, pulp and paper have been at the center of our business. Domtar’s Paper division is the largest integrated manufacturer and marketer of uncoated freesheet paper in North America. We are the private brand expert and leading producer of many of the most successful brands of copy paper and we produce and market a number of highly respected, well-known commercial printing, publishing, digital and inkjet paper brands. Our network of mills and converting sites give us 3 million tons of papermaking capacity annually to help us to serve our customers, support our employees and strengthen our communities. That’s how our paper makes life better every day. Domtar is a global manufacturer with a history spanning more than 150 years. Click Read More below for additional information.
We are delighted to announce that Macedonia has achieved PEFC endorsement of its national forest certification system for the first time. “Having a PEFC endorsed national system in Macedonia makes the dreams about Macedonian forestry joining global initiatives for sustainable forest management come true,” said Vladimir Stojanovski, President of The Council for Sustainable Forest Management in the Republic of Macedonia. “The same positive energy used in the process of creating our national forest certification system will be transferred to the next steps - having the first PEFC-certified forest in Macedonia.” Click Read More below for additional information.
Smurfit Kappa is continuing to use digital print with remarkable effect in the corrugated packaging industry. The packaging leader has ramped up its capabilities by installing eight HP Scitex corrugated presses across its European sites. The new printers facilitate brilliant graphics which make display and promotional packaging come alive. They are also capable of short runs to meet the increasing demand for reduced turnaround times from brands. Smurfit Kappa has installed Scitex HDR technology corrugated presses – the HP Scitex 11000, HP Scitex 15500, and HP Scitex 17000 – in sites in Belgium, Denmark, France, Portugal, Poland and the UK with additional installations scheduled for sites in the UK and the Netherlands. Click Read More below for additional information.
UPM Raflatac is introducing to the European market three new sustainable, BPA-free label materials for retail weigh-price and backroom labeling applications as well as for logistics labeling. The new products enable printers to offer BPA-free, legislation-compliant thermal labels that come with the added advantage of the unique RAFNXT+ formula of sustainability credentials. Thermal papers have traditionally used Bisphenol A (BPA) as a color developer. However, new European Union legislation requires all thermal paper sold in Europe to be free of BPA after 2 January 2020. Click Read More below for additional information.
Japs Olson of St. Louis Park, Minnesota, is reaping the benefits of its newly installed Speedmaster XL 106-6+LYY-P-6+L from Heidelberg. With the XL 106 LPL (Print, Coat, Perfect, Print, Coat) configuration, Japs Olson has seen increased efficiency and faster makeready times thanks to its ability to coat both sides of a job in a single pass at maximum speeds. Replacing the older Speedmaster SM 102 at Japs Olson, the Speedmaster XL 106 has already made a huge impact in increased productivity only 2 months after installation. With maximum production speeds of up to 15,000 sheets per hour, the peak performance press can handle a wide range of substrates from 27 lb. offset to 32 pt. board. “Our customers require high quality products with lots of colors,” said Bob Murphy, Chairman and CEO of Japs Olson. “The XL 106 is exciting because it’s a 12-color press and allows us to print on both sides. Our customers are now receiving their beloved colorful pieces with industry-leading quality at an incredible speed.” Click Read More below for additional information.
Zanders GmbH has filed for the opening of ‘debtor in possession’ proceedings in the local court in Cologne on the 22 June 2018. This is a restructuring process to secure the continued operation of Zanders. It has become necessary primarily because of high pension fund payments, which continuously weigh on our operations, and a drastic increase in raw material and energy costs in the last few months, together with difficult conditions and overcapacity in our industry. By engaging in this process we can accomplish a successful restructuring that will see Zanders GmbH back in a strong, competitive trading position. In the past three years we have made many operational improvements which have delivered annual sales growth of 12%. Under the supervision of the court we believe we can build on this growth, increase our efficiency and create a solid base to continue to deliver to our customers. Click Read More below for additional information.
Total European shipments of graphic papers were down 0.3% in April '18 vs. April '17 and are down 3.5% year-to-date. Total European shipments of newsprint were down 7.0% in April '18 vs. April '17 and are down 7.8% year-to-date. Total European shipments of sc-magazine were down 1.2% in April '18 vs. April '17 and are down 8.1% year-to-date. Total European shipments of coated mechanical reels were UP 6.8% in April '18 vs. April '17 and are UP 2.9% year-to-date. Total European shipments of uncoated mechanical (improved & others) were UP 7.3% in April '18 vs. April '17 and are UP 7.1% year-to-date. Total European shipments of coated woodfree were down 2.9% in April '18 vs. April '17 and are down 5.8% year-to-date. Total European shipments of uncoated woodfree were UP 1.3% in April '18 vs. April '17 and are down 3.0% year-to-date. Click Read More below for additional information.
Workers have contained nearly half of the crude oil spilled near Rock River in northwest Iowa over the weekend following a freight train derailment on Friday, BNSF Railway Co said. About 100,000 gallons had been hemmed off using booms out of the estimated 230,000 gallons spilled, BNSF said in a statement on Saturday. The spill has raised concerns about drinking water downstream. The company did not respond to questions on Sunday about the progress of the cleanup. No one was hurt in the derailment, in which 32 cars came off the rails, 14 of which leaked at least some of their contents, BNSF said. Click Read More below for additional information.
Production at the expanded Östrand pulp mill began according to plan during the midsummer holiday (i.e. this weekend). SCA is investing SEK 7.8bn in the operation and the project is on budget and schedule. SCA decided in 2015 to invest in an increased production capacity at the Östrand pulp mill – from 430,000 tonnes to about 900,000 tonnes of bleached softwood kraft pulp (NBSK). Following an extended maintenance stop, which began in April of this year, the expanded pulp mill is now in operation. Production capacity in the expanded pulp mill is expected to increase successively during 2018 and 2019. 2020 is therefore expected to be the first year with full production, corresponding to 900,000 tonnes. Click Read More below for additional information.
In its Government Reform Plan, the Administration made the case for privatizing the Postal Service, and preparing for an eventual change through recommendations coming in August from the President's Task Force on the Postal System. The business community – mailers and suppliers in the paper, printing and technology industries collectively generating $1.4 trillion in sales annually and supporting 7.5 million jobs – strongly believes privatization is not the answer for a postal system in financial distress. "Our troubled postal system can be fixed in a two-step process that does not resort to a draconian solution unproven at the gigantic scale of the U.S. Postal Service," said Art Sackler, Manager of the Coalition for a 21st Century Postal System (C21), which broadly represents the industry. Those two steps would be removing $tens of billions in liabilities to prefund retiree health care imposed on the Postal Service in the short-term, and considering whether and what business model or other changes would have to be made to sustain USPS in the long-term. "The mere prospect of privatization will sow confusion, uncertainty and concern about maintaining mail and package delivery around the country, and stimulating still more volume and revenue loss when the major problem has been a drop off in mail," Sackler added. Click Read More below for additional information.
Xerox Vice Chairman and CEO John Visentin sent a letter to Fujifilm Chairman Shigetaka Komori responding to the lawsuit filed by Fujifilm last week. “Fujifilm should realize that the internal accounting issues at Fuji Xerox were a result of their mismanagement, which made it impossible to close the announced transaction” said Visentin. “We cannot stand by and let them further harm our iconic brand. The lawsuit is nothing more than a desperate and misguided negotiating ploy to save their takeover attempt, which to this day remains enjoined by order of the New York State Supreme Court, and could take our focus away from serving our customers.” “Our focus is on running the business in the service of our thousands of customers and partners and delivering exceptional value through market-leading services, products and delivery capabilities,” added Visentin. Click Read More below for additional information.
The American Catalog Mailers Association (ACMA) and the catalog marketers and other remote merchants it represents are outraged that the Supreme Court today upended well-established precedent that has served the country well for more than half a century. “Small catalog and online retailers with little or no presence beyond their headquarters will be hurt the most – some will be forced out of business,” said ACMA President & Executive Director Hamilton Davison. “Rural Americans, shut ins and older consumers will be particularly hard hit by this decision.” By ruling against remote sellers and customers all across America, the High Court’s decision means companies who sell only 100 orders a year must now collect sales taxes for every South Dakota order. “This is a ridiculously small threshold,” Davison said. “A merchant might sell only 100 $20 orders and now be forced to comply with laws well outside its capacity and be subject to horrendous complexity.” Click Read More below for additional information.
Overstock.com Inc. is calling on Congress to pass legislation to simplify, or clarify, online sales tax collection in the wake of Thursday’s U.S. Supreme Court decision that enables states and local governments to force online retailers to collect sales taxes, even if they don’t have a physical presence, or nexus, in the state. “The U.S. Supreme Court has reshaped the interstate commerce landscape in a move that could impact small business innovation on the internet, which has been a driving force behind our nation’s economy for the last 15 years,” says Jonathan Johnson, an executive and board member at Overstock, No. 32 in the newly released Internet Retailer 2018 Top 1000, “The framers of the Constitution intended Congress to regulate interstate commerce by thoughtful legislation. To lessen the potential impact of today’s ruling on internet innovation, Congress can, and should, pass sound legislation allowing states to accomplish their aims while still permitting small internet business to thrive.” Click Read More below for additional information.
The 5-4 ruling Thursday is a win for states, who said they were losing out on billions of dollars annually under two decades-old Supreme Court decisions that impacted online sales tax collection. The high court ruled Thursday to overturn those decisions. They had resulted in some companies not collecting sales tax on every online purchase. The cases the court overturned said that if a business was shipping a product to a state where it didn't have a physical presence such as a warehouse or office, the business didn't have to collect the state's sales tax. Customers were generally supposed to pay the tax to the state themselves if they don't get charged it, but the vast majority didn't. Justice Anthony Kennedy wrote that the previous decisions were flawed. Click Read More below for additional information.
AptarGroup, Inc. released its 2017 Corporate Sustainability Report. The 2017 Sustainability Report highlights the robust sustainability initiatives that have been implemented across Aptar’s global operations. As in previous reports, Aptar summarizes various milestones measured and achieved in three key areas of people, planet and product. The 2017 Sustainability Report is based on the Global Sustainability Reporting (GRI) Standards: Core Options, as released in October 2016. In preparing the report, Aptar obtained limited external assurance for absolute energy metrics, carbon emissions and renewable energy purchases. Aptar also responds to the Carbon Disclosure Project (CDP) Investor Climate Change and Supply Chain questionnaires each year. Click Read More below for additional information.
National Average Price for Regular – Current: $2.863; Month Ago: $2.932; Year Ago: $2.280. National Average Price for Diesel – Current: $3.175; Month Ago: $3.188; Year Ago: $2.465.
American Dollar to Canadian Dollar = 0.753184; American Dollar to Chinese Yuan = 0.153915; American Dollar to Euro = 1.164584; American Dollar to Japanese Yen = 0.009078; American Dollar to Mexican Peso = 0.049448.
Major oil-producing countries moved on Friday toward an agreement to jointly raise exports, a decision that has driven considerable division among them but that could temper criticism from President Trump. Officials from the Organization of the Petroleum Exporting Countries, as well as other major producers like Russia, were set to increase their total output by less than 1 percent of the global oil supply. Though a relatively small addition to the world energy market, the move nevertheless signals a willingness by international suppliers to address rising prices. Click Read More below for additional information.
As it does twice each year, GfK MRI released its latest round of magazine audience estimates—the average per-issue readership among U.S. adults for about 200 of the most widely-read magazines—based on consumer research conducted over a nine-month period. The Spring 2018 figures—drawn from the two most recent waves of survey data, running from September 2017 to May 2018—reveal that AARP The Magazine has extended its lead over People as America’s most widely-read print magazine pound-for-pound, averaging an estimated 38.6 million readers per issue. Click Read More below for additional information.
On June 6, 2018, Color Ink's facility in Sussex, Wis., transformed into every child's dream ... a chocolate factory. Well not quite, but there was a bubbling chocolate fountain, cupcakes and candy galore, and Willy Wonka himself. To celebrate its newly installed MGI JETvarnish 3D, Color Ink hosted an open house for 350 customers, prospects, and of course friends and family. The event had a "Golden Ticket" theme and showcased Color Ink's wide range of capabilities. In late 2017, Color Ink purchased the JETvarnish 3D, Todd Meissner, president or Color Ink, explains. When the device was purchased, it was clear an open house would be necessary to showcase its capabilities to customers and prospects. Click Read More below for additional information.
It seems that Facebook has discovered what we all know – that print is the way to get your message across. The launch issue of Grow, “a quarterly magazine for business leaders” – by Facebook – quietly made its appearance in business class lounges at Heathrow and a few more exclusive spots in and around London in early June. Facebook explains its new print offering: The program is designed to deliver content in different formats that suit our audience. We know that business leaders have limited time for long reads at work, so we’ve also created a physical version with journeys in mind. We’re distributing this to clients directly as part of our marketing communications, and in selected airport and train business lounges where we know they are often to be found. Click Read More below for additional information.
Months of collective bargaining have culminated in a tentative agreement for UPS (NYSE: UPS) and the International Brotherhood of Teamsters. The five-year agreement, which is subject to ratification, covers Teamsters-represented UPS employees in small package roles. UPS’s goal has been to reward the company’s employees for their contributions to its success while enabling the business to remain flexible to meet its customers’ needs – each of these goals have been met in the new agreement. UPS is well-positioned to grow and meet the needs of its customers. Click Read More below for additional information.
Mohawk Fine Papers, Inc. announces the launch of Keaykolour by Arjowiggins Creative Papers. Long established outside the U.S., Keaykolour has just undergone an extensive product update resulting in a range of 43, fresh colors. And Mohawk will be the exclusive North American distributor for this incredibly beautiful line of uncoated fine paper. The new Keaykolour portfolio offered by Mohawk is made up of 43 fresh colors, in 2 weights (80 text and 111 cover), sized at 27.5x39.3 inches, in a natural vellum finish. The entire product line is stocked in Mohawk’s U.S. warehouses for quick turn delivery through Mohawk merchants across North America and is available for immediate ordering. “Using colored paper has never been so easy and accessible,” says Chris Harrold VP, Creative Director for Mohawk. “Simply choose from 43 colors in text or cover weight and we will have it to your doorstep in just a few days.” Click Read More below for additional information.
Total sales were $786 million for the quarter and $3.7 billion for the full year, decreasing 4.3% and 6.0% over the prior year periods, respectively. Comparable store sales declined 4.1% for the fourth quarter and 5.4% for the full year. The consolidated fourth quarter net loss was $21.1 million, or $0.29 per share, compared to a loss of $13.4 million, or $0.19 per share, in the prior year. Fourth quarter results include $7.7 million of non-recurring charges associated with the Company’s strategic initiatives. The fiscal 2018 consolidated net loss was $125.5 million, or $1.73 per share, compared to net earnings of $22.0 million, or $0.30 per share, in the prior year. Fiscal 2018 results include non-cash asset impairment charges of $135.4 million, $16.2 million of severance charges and $15.3 million of strategic initiative costs. Click Read More below for additional information.
International Paper announced that Timothy S. Nicholls has been appointed Senior Vice President and Chief Financial Officer, succeeding Glenn R. Landau who is leaving the company for personal reasons. Mr. Nicholls, who currently serves as Senior Vice President - Industrial Packaging the Americas, previously served as Chief Financial Officer of the Company from December 2007 through November 2011. The Company also announced that Jean-Michel Ribiéras, currently Senior Vice President - Global Cellulose Fibers, has been appointed Senior Vice President - Industrial Packaging the Americas, succeeding Mr. Nicholls, and that Catherine I. Slater has been appointed Senior Vice President - Global Cellulose Fibers. All appointments are effective immediately. Click Read More below for additional information.
International technology Group ANDRITZ has received an order from Smurfit Kappa Nettingsdorf, part of the Smurfit Kappa Group, to supply a HERB recovery boiler and a pre-evaporation plant for its mill in Nettingsdorf, Austria. The new investments are part of the company’s Future Energy Project, which involves the implemention of sustainable energy initiatives at the Nettingsdorf mill. Start-up of the pre-evaporation plant and the new recovery boiler is scheduled for mid-2019 and mid-2020, respectively. In addition to reducing emissions, the new HERB recovery boiler will produce more electricity than a traditional one. Click Read More below for additional information.
Prices for U.S. benchmark oil futures settled with a gain Wednesday, at a nearly one-week high, after U.S. government data revealed the biggest weekly decline in U.S. crude supplies since January. Global benchmark Brent crude prices, however, finished lower as traders monitored comments from major oil producers gathering for the much-anticipated Organization of the Petroleum Exporting Countries meeting at the end of the week. The U.S. Energy Information Administration reported Wednesday that crude supplies dropped by 5.9 million barrels for the week ended June 15. Click Read More below for additional information.
Boise Paper has offered a 99.99% Jam-Free Guarantee® on their Boise POLARIS® Premium Multipurpose paper since 2009 and on X-9® Multi-use Copy and ASPEN® 30 Multi-use Recycled Copy papers since 2013. They have recently expanded this guarantee to cover ASPEN 50 and 100 Multi-use Recycled Copy papers, as well as the Inkjet, Laser, and Color Copy papers in their Boise POLARIS Premium line. “We know how important the jam-free guarantee is to customers with large volume, high-speed printers,” says Mary Ignas, senior director of marketing. “They need to maximize efficiency with as little downtime as possible. That’s why we’ve partnered with BLI for the last ten years to validate the guarantee on our highest volume products.” Click Read More below for additional information.
Millions of fans of Chip and Joanna Gaines, of Magnolia Homes and HGTV’s Fixer Upper fame, are getting a taste of quality from Domtar’s Rothschild Mill this year. That’s because Joanna Gaines’ new cookbook, “Magnolia Table: A Collection of Recipes for Gathering,” was printed on 80-lb. Lynx® paper made at Rothschild Mill. The book, published by HarperCollins, includes personal stories and homestyle recipes of family favorites and classic comfort food from the couple’s new restaurant in Waco, Texas. It has received glowing reviews from lovers of all the Magnolia Homes brand and was a New York Times No. 1 bestseller. Our Rothschild Mill colleagues also received high marks from the publisher; Domtar has worked with HarperCollins for more than 20 years. It’s rewarding to know that our customers and partners value our high-quality Lynx paper and excellent customer service. Click Read More below for additional information.
“I am proud of the financial and operational results FedEx delivered in fiscal 2018 and extend well-deserved congratulations to our more than 425,000 team members worldwide for their continued dedication to the Purple Promise, which simply states, ‘I will make every FedEx experience outstanding,’” said Frederick W. Smith, FedEx Corp. chairman and chief executive officer. “It was a year of opportunities and challenges—anticipated and unexpected—and FedEx emerged more competitive than ever. In all my years at FedEx, I have never been so optimistic and so sure of our strategy and our ability to deliver an exciting future.” Fourth quarter operating results benefited from higher base rates, increased volume and the favorable net impact of fuel at each transportation segment. Accelerated wage increases for certain hourly employees partially offset these benefits. Click Read More below for additional information.
RISI, the leading information provider for the global forest products industry, today announced that Steve Voorhees, Chief Executive Officer of WestRock, a leading provider of differentiated paper and packaging solutions, has been named the 2018 North American CEO of the Year. The award will be presented to Steve Voorhees at the North American Conference on October 11, 2018 in San Francisco, California at the Parc 55 Hotel. Click Read More below for additional information.
European institutions have come to an initial agreement on the revised Renewable Energy Directive. UPM Biofuels welcomes the agreement as it creates an obligatory advanced biofuel blending mandate in all EU Member States starting at 0.2% in 2022, double counted, and rising to 3.5% in 2030. "The UPM Lappeenranta Biorefinery, the world's first to produce wood-based renewable diesel on a commercial scale, has proven the potential as a significant producer of truly sustainable advanced biofuels. UPM BioVerno, which reduces GHG emissions up to 80% compared with fossil fuels, has found a solid market place. The agreement will further boost interest in the most sustainable biofuels and strengthens the position of advanced low-ILUC fuels, such as UPM BioVerno, that have minimal risk of causing indirect emissions or land use change," says Sari Mannonen, Vice President, UPM Biofuels. Click Read More below for additional information.
Total boxboard production increased 6.3 percent when compared to May 2017 and increased 2.3 percent from last month. Unbleached Kraft Boxboard production decreased over the same month a year ago and decreased compared to last month. Total Solid Bleached Boxboard & Liner production increased when compared to May 2017 and increased compared to last month. The production of Recycled Boxboard decreased compared to May 2017 but increased when compared to last month.
Amazon.com announced its selections for Best Books of the Year So Far, naming Tara Westover’s memoir Educated: A Memoir the top pick overall. The annual list is hand selected by the Amazon Books Editors and features the Top 20 books released between January and June 2018—offering readers a mid-year look at the best books. The Amazon Books Editors’ picks for the first 10 of the Top 20 Best Books of the Year So Far are: 1. Educated: A Memoir by Tara Westover: Tara Westover didn’t see the inside of a classroom until she was seventeen, but it was an experience that dramatically changed the trajectory of her life. This stirring memoir chronicles how she survived her survivalist upbringing, eventually earning a PhD from Cambridge University. It’s a rousing reminder that knowledge is, indeed, power. 2. The Great Alone: A Novel by Kristin Hannah: In this pressure cooker of a page-turner, a damaged Vietnam vet moves his family to the wilds of Alaska. Initially it’s a welcome change, but as winter approaches, and his mental state deteriorates, his wife and daughter find themselves in an increasingly precarious position. Like her mega-bestselling The Nightingale, Kristin Hannah’s The Great Alone highlights the heroics of everyday people, especially women. 3. The Feather Thief by Kirk Wallace Johnson: Clever, informative, and sometimes endearingly bumbling, this mix of natural history and crime opens up new worlds. Readers will never look at an old stuffed bird or an elaborately tied fishing fly the same way again. Click Read More below for additional information.
Oil prices steadied on Wednesday, supported by a drop in U.S. commercial crude inventories and the loss of storage capacity in Libya, but under pressure ahead of a meeting of OPEC exporters which may increase global production. U.S. crude inventories fell by 3 million barrels to 430.6 million barrels in the week to June 15, according to an American Petroleum Institute report on Tuesday. Click Read More below for additional information.
KECAI is a newly established trade shop, who provides high-level processed flexo plates for advanced packaging printing, not limited to printing applications of labels, flexible packaging, folding carton and paper cups. Mr. Guan Heng, the Director of KECAI, has been looking for solutions, which shall deliver not only high quality printing but also which are sustainable. The nyloflex® Xpress Thermal Processing System is very convincing with its focus on innovations such as: •An intelligent configuration of the nyloflex® Xpress Thermal Processor that allows few components which leads to less maintenance, less downtime and lower operating costs •Specially developed nyloflex® Thermal Printing Plates in combination with the unique heating system that ensures high plate and print quality •Engineered fabric of the nyloflex® Developer Rolls is designed to be highly efficient and environmentally friendly. Click Read More below for additional information.
The proposed transaction includes Georgia-Pacific’s operations located in Steinfurt, Germany, along with sales offices located in France and Italy. The Steinfurt facility produces high-quality airlaid products for the table-top, wipes, hygiene, food pad, and other nonwoven materials markets, competing in the marketplace with nonwoven technologies and substrates, as well as other materials focused primarily on consumer based end-use applications. The Steinfurt facility is a state-of-the-art, 32,000-metric-ton-capacity manufacturing facility that employs approximately 220 people. In 2017, the Business generated net sales of $99 million and EBITDA of $18 million. The Company expects to realize synergies in excess of approximately $6 million per year within three years, and expects to incur one-time costs of approximately $7 million for transaction fees and integration. Click Read More below for additional information.
Between June 20 and 22, Klabin will participate in the 25th Hortitec, Brazil’s largest technical fair targeted at the farm produce sector, to be held in Holambra in the interior region of São Paulo state. Along with EcoKraft, the company will showcase its recyclable corrugated board packaging for the farm produce segment. At the Klabin booth, visitors can learn about the characteristics of the packaging solution, which is tailored to the specifications of diverse products in this market. The company’s corrugated board boxes come in specific formats to accommodate and pack fruits, vegetables, greens and other food products, ensuring resistance, protection of the contents, as well as ease of storage and transportation. Moreover, the packaging is recyclable and produced using raw material obtained from planted and certified forests. Click Read More below for additional information.
Caraustar Industries, Inc. announced a minimum price increase of 9.0% on all protective packaging products. The increase will be effective with orders placed on and after July 19, 2018. The increase is in response to strong market dynamics and inflationary cost pressures in transportation (both inbound and outbound) and chemicals.
In completing Phase 3, Sun Chemical registered approximately 200 chemical substances with the European Chemicals Agency (ECHA). These registrations emcompass all chemical substances manufactured or imported by the Performance Pigments division in excess of 1000kg per year. “After more than 10 years of extensive testing and risk evaluations, our broad portfolio of colorants and preparations have proven themselves safe for consumers and the environment,” said Gary Andrzejewski, Corporate Vice President Environmental Affairs. “Sun Chemical will continue to lead in product stewardship for the global pigments industry and institute processes to ensure compliance with future REACH requirements.” Click Read More below for additional information.
UPS announced plans to build an additional five compressed natural gas (CNG) fueling stations and add more than 700 new CNG vehicles including 400 semi-tractors and 330 terminal trucks. This $130 million dollar investment in CNG capacity for 2018 builds on previous UPS investments of $100 million dollars in 2016 and $90 million dollars in 2017. UPS will have invested more than $1 billion in alternative fuel and advanced technology vehicles and fueling stations from 2008 through 2018. “We strongly believe further investment in our natural gas fleet is a key element to help us achieve our long-term goals for reducing our CO2 emissions,” said Carlton Rose, president, global fleet maintenance and engineering for UPS. “We demonstrated the effectiveness of natural gas vehicles and fuel in 2017 by using 77 million total gallon equivalents in our ground fleet. UPS is a catalyst for wide scale adoption of natural gas vehicles.” Click Read More below for additional information.
Please be advised we plan to increase the price of our cut-size papers by $2.50 CWT effective July 20, 2018. This increase applies to all uncoated freesheet brands of NORPAC copy paper as well as Natural Choice and Natural Choice 30. Please also note we will be increasing the standard upcharge for Orca 30 and Natural Choice 30 to $5.00 CWT. All other terms and conditions remain in effect.
Midland Specialty Paper & Film, a division of Midland Paper, Packaging + Supplies, is excited to announce the official launch of two (2) new stand-alone Specialty Paper & Film Catalogs – Specialty Paper and Film for HP Indigo and Specialty Substrates for Offset Printing. These new catalogs provide a unique, powerful single source for all of a printer’s Digital and Offset Specialty Substrate needs: • HP Indigo Catalog – A 170 page catalog with the most extensive offering of Indigo-compatible Coated Paper, Uncoated Paper, Text & Cover, Pressure Sensitive Films, Non Pressure Sensitive Films and Pressure Sensitive Paper in the industry. • Offset Specialty Paper and Film Catalog – A 40 Page catalog containing Offset-printable Pressure Sensitive Film, Non Pressure Sensitive Film and Pressure Sensitive Paper Substrates. Click Read More below for additional information.
Total printing-writing paper shipments decreased five percent in May compared to May 2017. Total printing-writing paper inventory levels decreased three percent from April. Imports of printing-writing papers in April increased four percent compared to April 2017 imports, while exports declined one percent compared to April 2018. •Uncoated free sheet (UFS) paper shipments in May 2018 edged down slightly year-over-year. Imports of UFS decreased less than one-half of one percent year-over-year in April. Exports of UFS papers increased 13 percent in April compared to April 2017. •Purchases of coated mechanical (CM) papers increased year-over-year in May 2018 for the second time this year. Imports of CM increased 24 percent year-over-year in April. Exports of CM increased two percent year-over-year in April. •Shipments of coated free sheet (CFS) paper and uncoated mechanical (UM) papers in May both declined year-over-year. Imports of UM papers increased seven percent compared to April 2017, while imports of CFS papers decreased 12 percent compared to last April.
Lecta announces a price increase of 5% on all its CWF 1 side grades and self-adhesive materials. The price increase is a consequence of the continuous increase in manufacturing costs. The new prices will be effective on deliveries from July 2nd, 2018.
Two long-standing industry peer groups, PrintAmerica and The Peer Group, announced that they have merged. PrintAmerica focuses on strategic renewal and growth of its members by providing opportunities for learning, sharing and collaborating. Members of PrintAmerica include Aradius Group (Omaha, Neb.), Best Press (Addison, Texas), Cohber (Rochester, N.Y.), Corporate Communications Group (Upper Marlboro, Md.), DCG One (Seattle, Wash.), The DOT Corporation (Irvine, Calif.), Garlich (Fenton, Mo.), GLS/Next Precision Marketing (Brooklyn Park, Minn.), Graphic Visual Solutions (Greensboro, N.C.), Heeter (Canonsburg, Pa.), Standard Press (Atlanta, Ga.), The Standard Group (Reading, Pa.), Suttle-Straus (Waunakee, Wis.), and Trabon Group (Kansas City, Mo.). Click Read More below for additional information.
Ahlstrom-Munksjö continues to grow its attractive Filtration business as customer demand increases globally. In the Filtration and Performance business area, the company will invest about EUR 28 million to expand manufacturing capacity as well as product capabilities. The project will start in 2018 and is expected to be completed during the first half of 2020. Fulvio Capussotti, Executive Vice President of Business Area Filtration and Performance, states: “This investment will enable us to create additional capacity in Turin, Italy, and will allow us to support growing demand for high-end filtration materials. Turin is already Ahlstrom-Munksjö’s largest plant globally and this investment will further consolidate our position as one of the leading global platforms for high-performance filtration material development and production. This investment also includes rebuilding and modification of our existing plants in Malmedy, Belgium and in Ställdalen, Sweden. Click Read More below for additional information.
Members of the Organization of Petroleum Exporting Countries (OPEC) are discussing an agreement that would raise oil output by 300,000 to 600,000 barrels a day (bpd) over the next few months, Bloomberg reported, citing people briefed on the talks. That is well below the 1.5 million bpd uptick in production touted a few weeks ago, reducing investor fears of a significant slowdown in rebalancing in oil markets, which could potentially hurt oil prices. Click Read More below for additional information.
Rapak created a tough and puncture resistant bag for Bag-in-Box that provides convenient dispensing of premium high-alcohol spirits and cocktail mixes, for parties, sporting events and outdoor activities such as picnics or camping trips. The highly engineered bag is comprised of a specially formulated high barrier Nylon-EVOH LLDPE Co-extruded film, providing oxygen barrier and durability. The bag film passes stringent migration testing and complies with FDA regulations for high alcohol content, CFR 21 176.170. Additionally, the food contact layer of the two-ply bag was carefully selected to not impart off-flavors. One of the key challenges of packaging spirits is that the bag and tap can easily take on the flavors of the materials they are in contact with so a properly formulated film coupled with organoleptic testing is key. Click Read More below for additional information.
Pregis LLC has entered into a definitive agreement to purchase Free-Flow Packaging International, Inc. The acquisition is expected to be finalized in the coming weeks, subject to customary closing conditions and regulatory review. FP International has a 50 year history of providing a wide range of protective packaging solutions. Its well-known brands include the MINI PAK'R®, PRO PAK'R® and POWER PAK'R® and many other protective packaging products. The company was founded in 1967 by Arthur Graham, who pioneered the use of free-flowing interior packaging material. FP International has been transformed over the past two decades from a single-product company to a leading provider of protective packaging solutions with multinational operations. Click Read More below for additional information.
Caraustar Industries, Inc. announced a minimum price increase of 7.0% on all paper tube and core products. The increase will be effective starting with shipments on July 18, 2018. The increase is in response to strong market dynamics and inflationary cost pressures in transportation (both inbound and outbound) and chemicals.
A new four-year tentative agreement has been reached between Catalyst Paper and Unifor, representing approximately 750 workers in British Columbia. "This agreement achieves the pattern bargaining goals that Unifor set for the western pulp sector, which is helping to raise standards across the board," said Unifor National President Jerry Dias. "I congratulate the bargaining committee on obtaining a fair deal in these very challenging times for the Canadian pulp and paper industry." Click Read More below for additional information.
ACMA's Legal Team Successfully Leads Online Seller Newegg in 'Bama. While not necessarily a precursor to the forthcoming Supreme Court decision in South Dakota v. Wayfair, Inc., we're excited to report a significant win for ACMA’s lawyers at Brann & Isaacson. Yesterday, the Alabama Tax Tribunal ruled in favor of e-commerce merchant Newegg in its challenge when the Alabama Department of Revenue sought enforcement of its economic nexus regulation in 2016. This ruling negates the first significant “Kill Quill” measure by Alabama Commissioner of Revenue Julie Magee, to promulgate the rule that required companies such as Newegg to register to collect the sales tax even though they did not have a physical presence. Newegg was one of the few companies that fought the Department. Click Read More below for additional information.
Containerboard production was up 1.5 percent compared to May 2017 and up 0.8 percent year-to-date. The month-over-month average daily production compared to April 2018 was 1.5 percent higher. The containerboard operating rate was 98.5 percent, 1.4 percentage points higher than the same month last year. Production for export was 3.6 percent lower than May 2017 and 5.4 percent lower year-to-date.
Total Packaging Papers shipments were up 3.0 percent compared to May 2017 but down 0.2 percent year-to-date. Bag & Sack shipments were essentially flat year-to-date, Multiwall shipments were down 3.3 percent, Converting shipments were down 0.4 percent and Food Wrapping shipments were up 3.5 percent. The operating rate for May increased to 94.5 percent from 92.9 percent in April. Inventories were down 3.6 percent since April.
American Media, Inc. announced that it has reached an agreement to acquire 13 brands from Bauer Media USA. The addition of the Bauer titles, including In Touch, Life & Style, and Closer as well as the nine brands that make up the Bauer Teen Group, including J-14 and Girls World, will now be part of the AMI Entertainment Group. Combined, the new AMI Entertainment Group will reach 38 million readers and deliver the youngest median age in the category. Newsstand sales will average 1 million copies weekly with less than 25 percent reader duplication. Click Read More below for additional information.
The war of words over trade between the United States and China finally turned into an actual trade war Friday, after the administration of President Donald Trump announced a list of goods whose import from China, worth $50 billion in 2017, would be subject to an additional tariff of 25 percent. Among the retaliatory measures announced by the Asian country was the proposed imposition of tariffs on imports of petroleum products from the U.S., a move that sent domestic crude oil prices crashing. The fall in WTI crude is not in tandem with the global benchmark, Brent crude, which was trading about 0.7 percent higher Monday morning than a day before. The two prices are separated by a few dollars, Brent usually costing more, but that gap has increased in recent weeks for a number of reasons. However, the different directions in trade at present are caused largely by China’s announcement. Click Read More below for additional information.
In a first for the beverage industry, Crown Bevcan Europe & Middle East is launching its CrownConnect™ technology in conjunction with FACT - an all-natural sparkling drink. Each can will be marked with a 2D unique scannable code, making FACT beverage cans the first ever to be produced with a unique digital identity. To this end, Crown has partnered with tech-savvy entrepreneur Olly Bolton, to launch Almond, a blockchain platform that allows consumers to scan a unique hidden product code and rewards them by unlocking tokens that are redeemable for cash. The platform, to be launched in June of this year, will also unlock details of FACT Water’s story, giving unprecedented access to supply chain information and building deeper, trusting relationships with consumers that will ultimately foster brand loyalty. Click Read More below for additional information.
China has pledged a tit-for-tat response. In April, it said it would levy 25% tariffs on imports of 106 U.S. products in response to proposed American duties. The White House on Friday imposed $50 billion of tariffs on Chinese goods—a move, it says, will protect American workers and businesses from unfair trade practices. But the country’s largest retail trade association and some analysts are not buying that argument. “Tariffs are taxes on American consumers, plain and simple,” Matthew Shay, CEO of the National Retail Federation (NRF) said in a statement. “These tariffs won’t reduce or eliminate China’s abusive trade practices, but they will strain the budgets of working families by raising consumer prices.” Click Read More below for additional information.
How much forest land—and what quality—is needed to ensure forests can continue to provide people, plants and animals worldwide with clean air and water, food and the goods and services they need to thrive? Through a new collaboration between World Wildlife Fund and International Paper, research will be undertaken to help answer the question of the quantity and quality of forestland needed for the planet to thrive. The outputs of this work will be used to help create the world's first regional and global science-based targets for forests, as well as the first comprehensive set of guidance on actions that can be taken to sustain the world's forests. Such 'forest positive' actions include investing in responsible forest management, supporting forest conservation, restoring forestland, and raising awareness about the importance of forests with consumers. Click Read More below for additional information.
Continuing to be at the forefront of sustainable product offerings, Expera Specialty Solutions announced its launch of a broad line of SOAR Sustainable Food Packaging and Processing Papers. These papers have the ability to achieve multiple sustainability goals in a single product. New to Expera's SOAR product portfolio is Wax Alternative papers. "Our Wax Alternative papers are manufactured without the addition of paraffin or other petroleum-based materials, creating a more sustainable alternative to the traditionally used quick service restaurant packaging," explained Robyn Buss, Vice President Sales & Marketing for Expera Specialty Solutions. "These products maintain a high-level of performance and are stronger on a pound-for-pound basis, allowing for improved yield and decreased transportation costs." Click Read More below for additional information.
Independent German paper mill Feldmuehle Uetersen has confirmed that it has been acquired, with more than 95% of jobs saved. Following reports last month that the business, which filed for insolvency in January, had been acquired by a holding company, the buyer’s identity has now been unveiled as a subsidiary of Berlin-based private equity company Beteiligungsgesellschaft Kairos Industries. “The successful completion of this refurbishment is largely thanks to the dedication, flexibility and responsiveness of the Feldmuehle employees," said Thies. Click Read More below for additional information.
Please be advised that, effective with shipments July 15, 2018, the US transaction price for the following grades from Catalyst Paper will be increasing for new and existing orders - Electrabrite; Electrabrite Book; Electrastar. This increase applies to all basis weights, finishes and brightness.
Green Bay Packaging Inc. announced plans to replace its 71-year-old Green Bay Paper Mill with a new state-of-the-art facility. The more than $500 million investment is the largest business development project in both Brown County and Green Bay Packaging company history. The new Green Bay Mill will be the first new paper mill in Wisconsin in more than 30 years. “Paper making has long been a staple in Wisconsin’s economic success, but it’s no secret that many paper mills across the state have closed down or moved out in recent years,” said Will Kress, president and CEO of Green Bay Packaging. Click Read More below for additional information.
Today, in an effort to protect printers and publishers from unwarranted tariffs, Senators Susan Collins (R-ME) and Angus King (I-ME) introduced S. 2835, the “Protecting Rational Incentives in Newsprint Trade Act of 2018,” or “PRINT Act.” Senators Roy Blunt (R-MO), Shelley Moore Capito (R-WV), Deb Fischer (R-NE), Johnny Isakson (R-GA), Doug Jones (D-AL), Claire McCaskill (D-MO), Jerry Moran (R-KS) and Roger Wicker (R-MS) joined as original co-sponsors. The PRINT Act would suspend new tariffs currently being imposed on imported uncoated groundwood paper from Canada, which is the primary source of newsprint and other paper used by domestic newspapers, book publishers and commercial printers. Simultaneously, the legislation would require the Department of Commerce to review the economic health of the printing and publishing industries. Newspapers and printers across the United States have told Congress that the new import tariffs – as high as 32 percent – would jeopardize the viability of the industry and threaten to decimate the U.S. paper industry’s customer base. Click Read More below for additional information.
Financial Highlights • Adobe achieved record quarterly revenue of $2.20 billion in its second quarter of fiscal year 2018, which represents 24 percent year-over-year revenue growth. • Operating income grew 39 percent and net income grew 77 percent year-over-year on a GAAP-basis; operating income grew 33 percent and net income grew 62 percent year-over-year on a non-GAAP basis. • Cash flow from operations was $976 million, and deferred revenue grew 27 percent year-over-year to approximately $2.63 billion. Click Read More below for additional information.
International technology Group ANDRITZ has received an order from Kruger’s Trois-Rivières Mill, located in Québec, Canada, for a major reconfiguration of their TMP (thermo-mechanical pulp) peroxide bleach plant. Start-up is scheduled for the final quarter of 2018. The scope of supply includes: Delivery of new ANDRITZ components: HC mixer, HC bleach tower discharge system, two MC pumps; One reconditioned pulp screw press; Upgrade of two existing twin wire presses to achieve a higher production rate; Modification of one existing ANDRITZ twin wire press to move the drive to the other side; Basic engineering, erection supervision, as well as commissioning and start-up assistance are also part of the ANDRITZ scope. Click Read More below for additional information.
National Average Price for Regular – Current: $2.904; Month Ago: $2.879; Year Ago: $2.318. National Average Price for Diesel – Current: $3.191; Month Ago: $3.140; Year Ago: $2.485.
American Dollar to Canadian Dollar = 0.761768; American Dollar to Chinese Yuan = 0.155712; American Dollar to Euro = 1.159478; American Dollar to Japanese Yen = 0.009032; American Dollar to Mexican Peso = 0.048153.
Traders remained concerned rising output would slow the rebalancing in oil markets as the production-cut agreement has helped rid the market of excess crude supplies. Inventories of U.S. crude fell by 4.143 million barrels for the week ended June 8, well above expectations for a draw of 1.440 million barrels, according to data from the Energy Information Administration. Click Read More below for additional information.
The specialty outdoor retailer named Damien Huang as president. He was most recently Eddie Bauer’s senior VP of merchandising & design. In his new role, Huang will oversee the design, merchandising, marketing, retail, e-commerce, licensing, international, and wholesale functions of the business. He will report to Mike Egeck, CEO of PSEB, the new operating company composed of Eddie Bauer and PacSun. “He [Huang] has played a pivotal role in the transition of the Eddie Bauer business into a performance outdoor brand – and it comes as no surprise that performance product has grown at a double digit rate over the last five years under his leadership,” said Egeck. “His passion for the outdoors and his knowledge in building award-winning product will ensure that Eddie Bauer continues its strong momentum.” Click Read More below for additional information.
U.S. retailers’ nonstore sales reached $55.829 billion in May on a seasonally adjusted basis, a 9.1% increase compared with $51.155 billion in the same month of 2017, new monthly data from the U.S. Commerce Department shows. That’s a slower increase than in April, when nonstore sales grew 10.5% on an adjusted basis year over year. Nonstore sales mainly take place online but also include other channels, such as mail and telephone orders, door-to-door sales and sales through vending machines. Click Read More below for additional information.
Intertape Polymer Group Inc. announced a new five-year $600 million credit facility pursuant to a credit agreement with a syndicated lending group led by Bank of America, N.A., as Administrative Agent, Sole Lead Arranger, and Sole Bookrunner, refinancing and replacing the Company's previous $450 million credit facility that was due to mature in November 2019. All dollar amounts are denominated in US dollars unless otherwise indicated. “We have made significant operational progress and improved our financial position since the execution of our previous credit facility in 2014. The new Credit Facility will provide us with increased capacity, better terms and more flexibility to execute the next phase of our growth strategy,” said Greg Yull, President and CEO of Intertape Polymer Group. Click Read More below for additional information.
Today, House Members Kenny Marchant (R-TX) and Brian Higgins (D-NY) penned a letter to Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer regarding the softwood lumber trade with Canada, calling for renewed negotiations with Canada for a softwood lumber trade agreement -- in lieu of the current enforcement of the U.S. trade laws through countervailing and antidumping duties on imports of unfairly traded Canadian softwood lumber. The letter states that anti-dumping and countervailing duties imposed by the U.S. Department of Commerce on Canadian softwood lumber are the chief driver of current lumber prices, a claim that is inaccurate. The price of lumber, like all commodities, fluctuates due to market forces. The trade measures -- imposed after a thorough year-long investigation by the U.S. Department of Commerce and the International Trade Commission -- are designed merely to offset the harm done to domestic producers from imports that are sold in the United States at less than fair value or which benefit from subsidies provided through foreign government programs. Click Read More below for additional information.
The Dallas Morning News reported that Dallas estimated the project would generate more than $1.8 million in net revenue over the course of 10 years. It also explained the proposed incentives in detail: The economic incentives proposal from Dallas includes $1.3 million in property tax abatements for up to 10 years for Vistaprint Manufacturing Texas and project developer Becknell Industrial Operating Partnership. Becknell would develop the land and lease it to Vistaprint for 10 years, with an option for the company to buy the plot outright. The city's economic development incentives package also includes up to $300,000 in Chapter 380 economic development grants to assist Vistaprint with workforce training programs for Dallas workers. On June 13, The Dallas Morning News reported that the Dallas City Council voted in favor of the incentives to prompt Vistaprint to build its facility in the area. Click Read More below for additional information.
Iggesund Paperboard, a subsidiary within the Holmen group, is currently implementing efficiency measures to secure an efficient business and safeguard the long-term profitability of Iggesund Mill. The redundancies are part of an efficiency package aimed at improving production capacity and reducing costs. Local negotiations with the affected employee organisations will now begin with a view to completing the cutback in personnel before the end of the year. Click Read More below for additional information.
Sonoco announced it will increase prices for its paper-based tubes and cores by a minimum of 6 percent in the United States and Canada, effective with shipments beginning July 16, 2018. “The price increase is necessary due to ongoing increases in uncoated recycled paperboard (URB), the largest input cost for tubes and cores. URB demand remains strong and the marketplace is extremely tight, with operating rates pushing 100 percent,” said Doug Schwartz, division vice president of sales and marketing. “In addition, the rising cost of transportation remains a headwind due to lack of capacity linked to recently imposed driver regulations. As a result, Sonoco will be implementing a new policy of selling certain large diameter tubes that have less space utilization yields at F.O.B. from our operations.”
Ahlstrom-Munksjö, a global leader in fiber-based materials, has renewed its Gold rating level for the company’s sustainability management and performance for the second consecutive year from EcoVadis. EcoVadis is one of the leading systems for evaluating suppliers' environmental aspects, working conditions, social responsibility, and procurement practices. The EcoVadis method is based on internationally adopted principles for sustainability reporting, such as the Global Reporting Initiative, United Nations Global Compact and ISO 26000, and is audited by independent sustainability experts. Click Read More below for additional information.
Appvion announced completion of the sale of substantially all of the Company’s assets to a group of its lenders led by Franklin Advisers, Inc. The transaction will significantly reduce Appvion’s debt, provide additional liquidity, and better position the Company to compete long-term in the evolving specialty paper market and further invest in the innovation that has made it a market leader. As previously announced, the sale was approved by the U.S. Bankruptcy Court for the District of Delaware on May 14, 2018. The total consideration was approximately $365 million, plus the assumption of substantial liabilities, including many of the Company’s contractual obligations. Prior to the closing of the transaction, the Company reached agreement with the United Steelworkers Union on new collective bargaining agreements for Appvion’s manufacturing facilities in Appleton, Wisconsin, West Carrollton, Ohio, and Roaring Spring, Pennsylvania. The new three-year agreements, which were ratified at the end of May, cover approximately 830 Appvion employees. Click Read More below for additional information.
Oil prices eased on Thursday, dragged down by rising output, although strong demand and a drop in U.S. fuel inventories provided the market with some support. Prices were pulled down by another rise in U.S. oil production , which hit a weekly record of 10.9 million barrels per day (bpd) last week, according to the Energy Information Administration (EIA) on Wednesday. U.S. crude output has risen by almost 30 percent in the last two years, and it is now close to top global producer Russia, which produced 11.1 million bpd overall in the first two weeks of June. Click Read More below for additional information.
You’ve heard about ecosystems: the way all living things in a given area interact with each other and their environment. There’s a similar concept in sustainability called “industrial ecology,” which is the notion that industrial processes benefit from mimicking the closed-loop efficiency, or circular economy, of a natural ecosystem. Here at Domtar, we’re focusing on building circular economies at each of our mills. Our Plymouth and Marlboro mills, for example, produce nutrient-balanced fertilizers for agricultural crops. And now, our Windsor Mill is closing its sustainability loop by giving back to the 400,000 acres of forestlands that support its operations. André Gravel, Windsor Mill’s fiber manager, says it’s all about rethinking waste. “The point is to stop talking about waste and instead talk about how you can make something out of what used to be waste,” he says. “There’s much more than one way to do that, but the idea is circularity.” Click Read More below for additional information.
Gap Inc. announced the appointment of Neil Fiske as president and chief executive officer of Gap brand. Fiske will begin his new role on June 20, 2018, and will serve on the company’s senior leadership team, reporting to Art Peck, president and chief executive officer of Gap Inc. “Neil brings significant retail and apparel experience to Gap Inc. and a track record of transforming and repositioning brands,” said Peck. “He is an experienced leader who deeply understands the mechanics of this business, the value of an omnichannel strategy, and the need to build a progressive and relevant brand. I believe Neil is the right leader to strengthen Gap brand.” Click Read More below for additional information.
In keeping with its commitment to the environment and increased energy efficiency, Lecta has announced an innovative renewable energy project to harness solar radiation for thermal power to be used in manufacturing processes at its Condat Le Lardin-Saint-Lazare mill. With the help of an expert specialized in the installation of thermal power plants for the paper industry, starting this fall Lecta will have a thermal solar power plant at the mill with a capacity of 3.4 MWth. Its total surface area will be 1.4 hectares, with 45,434 square feet of solar panels deployed on the surrounding land and an ability to provide around 3,900 MW/year of energy. Panels with solar trackers, mechanical devices that orient the collectors, will follow the position of the sun during the day and convert the sun's rays into thermal energy that will be sent to the mill as hot water. Click Read More below for additional information.
Sun Chemical will increase the prices of all ultraviolet (UV) and electron beam (EB) inks in Europe by 4-6 percent, effective July 1, 2018. As announced previously, governmental initiatives and regulations geared toward environmental protection have caused many suppliers of photoinitiators to either cease or reduce production for limited periods of time. Additionally, as outlined by the European Printing Ink Association, photoinitiator supply has also been impacted by major incidents, including a factory fire, unforeseeable events, low stocks, unplanned maintenance and production outages. In addition to the photoinitiators, increases in key oligomers and monomers have impacted pricing for all energy cure systems. Click Read More below for additional information.
UPM Raflatac has made further strides towards delivering a smarter and more sustainable future with the announcement that all its main HD liners for standard PP and PE films in EMEIA will come from certified sources by the end of 2018. Forest certification takes a lifecycle approach across the entire forest supply chain, ensuring that wood-based products are sourced from responsibly managed forests. This is just the latest in the company's drive to create film labeling solutions that excel in sustainability. As part of its ecodesign philosophy, the company's first step is always to use responsibly sourced raw materials, with the goal being to only use wood raw material from certified sources by 2030. Click Read More below for additional information.
Sonoco is now an official participant in the Amazon Packaging Support and Supplier Network (APASS). The APASS program was designed by Amazon to help support vendors, sellers and manufacturers to obtain certification of their products as Frustration Free Packaging (FFP), Ships-in-Own-Container (SIOC) or Prep-Free Packaging (PFP). Sonoco now provides APASS services directly to vendors, sellers and manufacturers related to package testing in compliance with Amazon’s certification test methods. In this capacity, Sonoco partners with brands to design and certify packaging that meets Amazon's unique requirements and helps companies protect and sell products more cost effectively. Click Read More below for additional information.
Kruger Products L.P. Away-From-Home division (AFH) announced the launch of Titan® Bold, a striking new line up of roll towel and bathroom tissue dispensers to its Ultimate Washroom® Collection. "With an ultra-modern, sleek design and a gleaming black finish, Titan® Bold pushes dispenser design and technology, making this an exciting achievement for Kruger Products," said Sandra Garcia, marketing manager, Kruger Products L.P., AFH. "These stunning new offerings took two years to bring to life and required intensive collaboration with engineering, welding and design teams at Dispensing Dynamics, a Hunter company, to transform our innovative designs into reality." Click Read More below for additional information.
International technology Group ANDRITZ has signed a contract for the acquisition of Novimpianti Drying Technology S.r.l., a company owned by Novigroup S.r.l. and based in Lucca, Italy. Novimpianti has approximately 40 employees and generates annual sales of approximately 10 million euros. Novimpianti is a global supplier of engineered equipment and services for air and energy systems to the paper industry’s leading manufacturers. For ANDRITZ, the acquisition of Novimpianti further strengthens its product offerings in the field of air and energy systems, mainly for tissue and paperboard machines. Click Read More below for additional information.
Oil prices were mixed on Tuesday, with U.S. crude gaining and Brent crude slumping, as investors prepared for a key meeting of the OPEC producer group next week. Crude future were in line with the broader financial markets, which were largely unruffled by a U.S.-North Korea summit aimed at the denuclearization of the Korean peninsula. OPEC and other producing countries including Russia have cut oil output by 1.8 million barrels per day (bpd) since January 2017 in an effort to boost the market. The group holds its next meeting on June 22-23, and is expected to decide on future supply policy. Click Read More below for additional information.
The concept of forest certification, which ensures that the forests used to create pulp and paper products will continue to remain environmentally viable after harvest, has existed for more than 20 years. Ecolabels, including Type 1 ecolabels like ECOLOGO® and EU Ecolabel, help consumers easily identify products sourced from well-managed forests. Paper was one of the first items to carry an ecolabel, in recognition of the many benefits that trees provide. Today, demand for ecolabels as indicators of sustainability has increased significantly. According to the Ecolabel Index, there are more than 450 ecolabels in the marketplace, each highlighting an environmental or social benefit associated with a product’s sourcing or manufacture. Click Read More below for additional information.
The number of consumers that order drinking water online is growing, and so is the awareness of the impact that packaging has on the environment. Harrogate, whose water was awarded “Best in Class” by The British Bottlers Institute Tasting Awards, met the new demand by offering a sustainable and convenient packaging alternative for e-commerce. Harrogate Water was the first UK Company to include a 10L Bag-in-Box packaging to its online portfolio. The company was looking for a larger packaging size format that would satisfy the needs of multi-generational families and be committed to the environment. Harrogate approached DS Smith Rapak interested in a Bag-in-Box packaging system that could meet their current requirements. Click Read More below for additional information.
Group C Media—the New Jersey-based publisher of Business Facilities and Facility Executive magazines—announced last week its acquisition of Turf, Turf Design Build, and Tree Services magazines from Grand View Media, reuniting the brands with the online forums LawnSite and PlowSite, which Group C purchased from Grand View earlier this year. “We’re thrilled that Turf, Turf Design Build and Tree Services are back where they belong with the LawnSite Network,” said Group C co-president Ted Coene in a statement. “The acquisition of these industry-leading brands will give us the opportunity to create new offerings in print, online and face-to-face events.” Click Read More below for additional information.
Graphic Packaging Holding Company announced that its wholly owned subsidiary, Graphic Packaging International, LLC, has agreed to acquire substantially all the assets of PFP, LLC and its related entity PFP Dallas Converting, LLC. PFP is an independent converter focused on the production of paperboard-based air filter frames, and operates two manufacturing facilities in Lebanon, Tennessee and Lancaster, Texas. Click Read More below for additional information.
The Wall Street Journal’s award-winning business news and analysis is coming to Canada! Effective Tuesday, June 12, Torstar daily newspapers and websites across the country will begin publishing a limited sample of articles from The Wall Street Journal, the world’s pre-eminent source of financial news and information. Also starting Tuesday, June 12, the Toronto Star, Torstar’s flagship newspaper, will launch Star Business Journal, a major new initiative with both print and online editions featuring articles on business, the economy, technology and markets from The Wall Street Journal. Click Read More below for additional information.
UPM Raflatac combines digitalization with circular economy. By adding RafMore smart label solution to its RafCycle® recycling process, UPM Raflatac is able to optimize the waste collection process from its customers. The smart labels added to the recycling containers and scanned by a mobile app tell when the customers' waste is ready to be collected. RafCycle is a cost efficient waste recycling solution that collects label release liner waste from our partners throughout Europe. The RafMore smart label solution was tested with several RafCycle customers in Denmark and Sweden, and the waste material collected from these customers can be turned into new products at UPM Plattling paper mill in Germany where the paper release liners are de-siliconized and recycled into pulp and paper, closing the loop. Click Read More below for additional information.
Saudi Arabia has informed five Asian refiners that it will supply full contractual volumes of crude oil in July, five sources with knowledge of the matter said on Tuesday. The world's top crude exporter has also reinstated contracted volumes of Arab Heavy crude to one buyer after cutting supplies in the previous month, one of the sources said. Last month, the state oil giant maintained full contractual supplies to Asia for June supplies by replacing Arab Heavy with Arab Light. The Arab Heavy was redirected to domestic power plants to meet the increased demand for electricity for summer cooling needs. Click Read More below for additional information.
As the first company in packaging industry, DS Smith had opted for the revolutionary digital pre-printing technology for medium and large-scale productions in one of their British locations. Now, the company celebrated the commissioning of the second HP T1100S digital pre-printing machine in their site in Fulda, Germany, opening up entirely new possibilities of brand activation and brand protection for their customers. Together with about 180 guests of leading brands, DS Smith celebrated the official commissioning of the digital pre-printing machine at their site in Fulda. In presentations, workshops and during the official commissioning, the new possibilities this revolutionary printing technology provides for the producers of branded articles and for industry were in the centre of attention. Click Read More below for additional information.
Heidelberger Druckmaschinen AG (Heidelberg) made significant progress with the Group’s targeted digital transformation in financial year 2017/2018 (April 1, 2017 to March 31, 2018). By the beginning of June, several customers had already opted for the new subscription model that offers Heidelberg products and services as part of a usage-based all-in contract running over several years. The total of over 30 contracts being targeted for the new financial year 2018/2019 looks set to generate business worth some €150 million over the standard five-year term of these models. However, as the number of contracts concluded is just starting to pick up, this will only be reflected in the company’s figures to any significant extent from financial year 2019/2020 onward, when it will also help stabilize Group sales. In addition, the series production of digital presses for packaging and label printing (Primefire and Labelfire), which also started in financial year 2017/2018, will have an increasingly positive impact on sales. Click Read More below for additional information.
HP Inc. announced the HP One Package workflow suite for PageWIde Industrial corrugated presses, the industry’s first ecosystem for digital corrugated printing. HP One Package offers software and solutions from HP and partners to help converters maximize the flexibility of digital production. HP One Package workflow streamlines submission and preparation of orders, allowing converters to take advantage of an array of digital value-added possibilities, including solutions for brands’ consumer engagement and piracy protection using variable data, imagery and unique ID serialization. One Package’s production management and automation software also enhances operational performance and optimizes the supply chain. Click Read More below for additional information.
The Federal Communications Commission's repeal of the net neutrality rules took effect, leaving broadband providers in most states free to censor sites and slow down apps. The repeal, dubbed the "Restoring Internet Freedom Order," which took effect 6/11, also allows Comcast, AT&T and other broadband providers to charge companies like Netflix and Amazon higher fees for prioritized delivery. FCC Chairman Ajit Pai, who spearheaded the deregulatory move, says the repeal will improve broadband service. Click Read More below for additional information.
WS Packaging Group, Inc. announced it has named Mark Roy as its new chief commercial officer. Roy is one of the world's top leaders in the paper and packaging industry, bringing expertise across value-based selling, marketing, financial management and analysis, and operations. A packaging innovation specialist, Roy's 25-year career has spanned private equity owned, publicly traded, and privately held companies, where he has increased sales, streamlined commercial development, and implemented CRM technologies to benefit the bottom line. Click Read More below for additional information.
Smurfit Kappa Bag-in Box® developed the Thermo Bag to meet the specifications of hot filling which is a commonly used processing method in the drinks industry. During hot filling, the product is pressed, filtered, pasteurised, heated and filled at a high temperature to facilitate sterilisation and then immediately cooled for preservation and taste. This method has the advantage of extending shelf life, removing any harmful microorganisms, reducing costs and simplifying the process. Hot filling is widely used in the production of fresh (not from concentrate) apple juice which has grown increasingly popular due to its freshness and health benefits. Bag-in-Box® packaging is an attractive option for both consumers and producers because in addition to maintaining the product’s quality it is eco-friendly and cost-efficient. Click Read More below for additional information.
Solimar Systems, Inc., an innovative global solutions provider empowering critical communications through multi-channel document communications solutions for print, web and mobile delivery announced today that they joined Two Sides North America, the non-profit organization that promotes and encourages the responsible production, use, and sustainability of print and paper. “We look forward to working with Solimar Systems who are a great addition to the growing Two Sides network of member companies. Their engagement in helping promote the sustainability of print and paper helps further diversify our membership and expand our reach within the various sectors of the graphic communications value chain and beyond,” said Phil Riebel, President of Two Sides North America. Click Read More below for additional information.
FOURTH QUARTER 2018 HIGHLIGHTS • Reported results (GAAP) reflected growth in Revenue (+6%), Operating Income (+18%) and EPS (+16%), driven by strong operational performance and favorable impacts from foreign currency. • At constant currency, growth in Revenue (+1%), Adjusted Operating Income (+15%) and Adjusted EPS (+6%) resulted from strong performance in Research, growth in Solutions, and broader operating efficiencies. FISCAL YEAR 2018 HIGHLIGHTS • Reported results (GAAP) reflected growth in Revenue (+5%), Operating Income (+16%) and EPS (+70%), driven by strong operational performance, benefits from foreign currency, and a one-time benefit from US tax reform. • At constant currency, growth in Revenue (+1%), Adjusted Operating Income (+7%) and Adjusted EPS (+3%) resulted from strong performance in Research, growth in Solutions, and broader operating efficiencies, partially offset by higher taxes. Click Read More below for additional information.
Futures dropped 1.1 percent in New York after a third weekly loss. Russia, which along with Saudi Arabia is trying to garner support for lifting output limits, was said to have boosted production earlier this month to above the level envisioned by OPEC. Meanwhile, the number of rigs drilling for crude in the U.S. inched higher, signaling output may extend a record. Saudi Arabia and Russia, among the countries with spare capacity to raise production, signaled last month they may restore output even though they hadn’t yet consulted most other producers. Oil prices have fallen more than 7 percent since the two nations made their proposal public. Click Read More below for additional information.
Heidelberger Druckmaschinen AG (Heidelberg) has now launched its new charging system for electric cars in Germany. The Heidelberg Wallbox Home Eco is the first ever product for end customers in a company history that spans almost 170 years. The system is aimed at individuals and also at businesses and local authorities that want to use the charging station to recharge the electric vehicles in their own fleets as well as those of customers and visitors. The Wallbox Home Eco has a CE-compliant design. Heidelberg developed all the power electronics itself and they are produced exclusively in Germany. Comparable solutions from Heidelberg have already proved a market success, with over 20,000 Wallboxes for the electric cars of a premium manufacturer and over 100,000 smart charging cables manufactured to customer specifications. Click Read More below for additional information.
BillerudKorsnäs is encouraging action against ocean litter in a series of just-announced U.S. events, in theme with this year's World Oceans Day. The Swedish company has outlined an ambitious mission to challenge conventional packaging and bring more sustainable practices to the industry. "Between the growing chorus from consumers to address single-use packaging waste to reports from ocean researchers on declining ocean health, the problem of ocean litter has reached critical awareness," said Peter Malmqvist, BillerudKorsnäs Marketing Director, Americas. "What we need now is collaboration for sustainable development." BillerudKorsnäs will bring together business leaders and consumers in a series of U.S. events as part of its mission to challenge conventional packaging, as well as its partnership with Tara Expeditions Foundation, a floating research institute studying the ecological crisis in the oceans on a globe-traversing schooner. Click Read More below for additional information.
Unit sales of print books fell 2% in the week ended June 3, 2018, compared to the similar week in 2017, at outlets that report to NDP BookScan. For the third week in a row, it was softness in the fiction categories that led to the decline. Unit sales dropped 5% in both the adult and juvenile fiction categories compared to the week ended June 4, 2017. Click Read More below for additional information.
The mill, which began operating in 1928, quickly established itself as a leading supplier of kraftliner in France and then extended its reach throughout Europe. The Cellulose du Pin mill produces kraftliner from local maritime pine and recycled fibres and has a strategic location in the heart of the Aquitaine Forest beside a major transport route connecting Madrid, Bordeaux and Paris. The plant produces 500,000 tonnes of kraft annually. Click Read More below for additional information.
Shane Wolf, L’Oréal’s global manager for Redken, Pureology and Mizani, is heading up a new project focused on seed diversity, small-scale organic farmers and sustainability. Seed Phytonutrients came to fruition due to a culmination of partners dedicated to creating a brand with four cores objectives: seed diversity, supporting organic farmers, promoting natural beauty and leading sustainability. Not only is the product sustainable and organic, but the packaging is also uniquely qualified to help the planet. The external shell is 100% paper-based and is recyclable and compostable. Shane Wolf tells Two Sides UK how important it was to use paper-based packaging for this brand and the positive impact it will have on the planet. Click Read More below for additional information.
United Parcel Service workers have given their union the go-ahead to call a strike in what would be their first walkout -- and one of America's most far-reaching picket lines -- in decades. The vote gives union negotiators more sway in contract talks with the shipping giant. The tally released by the International Brotherhood of Teamsters Tuesday night had 93 percent of UPS members endorsing the authorization and 91 percent of UPS freight employees backing the measure. A national pact with the union covers about 260,000 UPS workers, and the current contract expires July 31. Click Read More below for additional information.
Georgia-Pacific, one of the world’s largest paper-product manufacturers, is working to scale up a patented technology to recover material from food-soiled packaging. Georgia-Pacific plans to launch a demonstration plant for its Juno technology at its Toledo, Ore. containerboard factory, near the city of Newport on the Oregon coast. “This is a new, innovative process we’ve been working on for a while,” Julie Turner Davis, director of public affairs and communications for GP Packaging and Cellulose, told Resource Recycling. “We are excited that we are making good progress on it.” Click Read More below for additional information.
Company Reaches Agreement with Brigade Capital Management In Support of its Plan of Reorganization - Cenveo, Inc. announced that the United States Bankruptcy Court for the Southern District of New York has approved its amended disclosure statement, paving the way for the Company to commence solicitation of votes for approval of its amended plan of reorganization and emerge from Chapter 11 this summer.
The era of white-collar organized labor is fully upon us: the editorial staff of The New Yorker wants to unionize. This morning, organizers sent a letter to the magazine’s editor, David Remnick, asking that the institution and its corporate owner, Condé Nast, voluntarily recognize their membership in the NewsGuild of New York. (Publications ranging from the New York Times to Jacobin have bargaining units with the NewsGuild.) Organizers say that of the 115 or so union-eligible employees, nearly 90 percent have signed union cards. The group includes copy editors, web producers, fact-checkers, photo and design staff, the social-media and publicity teams, editorial assistants, and assistant editors. Management and senior-level employees are excluded, as are staff writers, whose job title would not escape the red pen of the magazine’s fact department: Writers at The New Yorker are nearly all independent contractors, rather than staff, and thus do not receive health care or other benefits, despite being largely prevented from writing for other outlets. The relatively few editorial staffers who’ve expressed concerns with the unionizing effort say they are worried about retaliation in an industry where reputation is the coin of the realm. Click Read More below for additional information.
National Average Price for Regular – Current: $2.934; Month Ago: $2.813; Year Ago: $2.358. National Average Price for Diesel – Current: $3.203; Month Ago: $3.080; Year Ago: $2.504.
American Dollar to Canadian Dollar = 0.769815; American Dollar to Chinese Yuan = 0.156023; American Dollar to Euro = 1.175389; American Dollar to Japanese Yen = 0.009136; American Dollar to Mexican Peso = 0.048855.
Oil prices edged lower Friday, giving up some of the ground made in a recent rally spurred by supply concerns in Venezuela and Iran. The economic crisis in Venezuela is curtailing the country’s oil production, while the planned reinstatement of U.S. sanctions against Iran is expected to hit production from the third-largest member of the Organization of the Petroleum Exporting Countries. Click Read More below for additional information.
Golden Gate Capital has established a new operating company for two of its portfolio companies that it acquired out of bankruptcy. The new PSEB Group is composed of Eddie Bauer and Pacific Sunwear of California, both of which will maintain their distinct brand opportunities. It will have a retail footprint of more than 700 stores and is on track for approximately $1.5 billion in combined total sales in 2018, including $400 million in ecommerce sales. Although earlier reports suggested that Golden Gate might merge the companies in an effort to consolidate stores, there was no talk of store closings in the announcement. Click Read More below for additional information.
Rapak North America, a business unit of DS Smith Plastics and market leader in Bag-in-Box packaging and filling systems, announced that two of their facilities located in the United States of America, achieved excellent scores of 98 out of 100 points on the new SQF, Edition 8.0 certification audits last month. Rapak has continually scored ‘E’ for Excellent at all locations since 2015. The SQF, Edition 8.0 Food Safety Code for Manufacture of Food Packaging certification is a company-wide initiative to supply safe food packaging products and a requirement of Rapak’s top key customers within the food industry. Receiving an Excellent score on these audits validates the commitment and dedication of Rapak employees to supplying safe products to their customers. Click Read More below for additional information.
Highlights •Revenues increased by $36.0 million, or 7.2%, from $498.7 million to $534.7 million. •Operating earnings increased by $31.2 million, or 46.0%, from $67.8 million to $99.0 million. •Net earnings increased by $22.5 million, or 48.5%, from $46.4 million to $68.9 million. •Acquired Multifilm Packaging Corporation, a flexible packaging supplier located in Elgin, Illinois. •Sold 33 publications, including 32 local newspapers, of which those sold on June 6, 2018, and the Métro Montréal daily newspaper, as well as their related web properties.Click Read More below for additional information.
UPS announced a major expansion to its ocean Less-Than-Container Load (LCL) service with the addition of direct sailings in 130 lanes. The origin and destination countries cover most of the globe, including ports in Asia, Latin America, Africa, Europe, U.S. the Carribean and the Middle East. Customers who do not have enough cargo to fill an entire ocean freight container can still access cost-effective ocean transportation using UPS’s extensive network of capabilities and freight facilities. Customers benefit from an economical way to transport goods versus other modes of transportation while gaining access to a broad portfolio of value-added and alternative services. These services include cargo insurance and financing solutions from UPS Capital, customs brokerage services, supplier management, sea-air service, UPS Preferred ™ LCL, and China-Europe Rail service. Click Read More below for additional information.
Brazilian pulpmaker Suzano Papel e Celulose SA lost about 80,000 tonnes of pulp production and 25,000 tonnes of paper production during a late-May truckers’ strike, the company said in a securities filing on Thursday. For an 11-day period in late May, truckers protesting high fuel prices blocked highways across Brazil, seriously affecting industries ranging from retail to agribusiness to aviation. (Reporting by Gram Slattery)
Greater specificity and national differences in labelling information on healthcare products across Europe, combined with a growth in precision medicines, are changing customer expectations about how packaging is made. In response, global packaging leader Amcor is continuing to invest to meet customers’ needs across Europe. Amcor’s latest digital printing press is now online at its Cramlington, U.K., site and is the company’s third major investment in new presses across its European operations since 2016. This new press joins two UV-Flexo presses already in operation at Amcor’s sites in Kreuzlingen, Switzerland, and Alzira, Spain, as well as other existing digital printing capabilities. Using the trio of presses, Amcor is manufacturing packages for healthcare-product companies, large and small; offering greater flexibility and achieving lower costs, even in shorter runs. Click Read More below for additional information.
In reference to Goh Lin Piao, Managing Director of APP's response in the Mongabay article as to whether other Sinar Mas businesses fell outside our Forest Conservation Policy, his answer specifically refereed to Golden Energy and Resources, which is a public-listed coal mining operation. He underlined the point that each industry and each supply chain has its only unique production and sustainability challenges and hence requires its own unique policy in line with the industry in which it operates in – even within companies that are part of the same brand. The sustainability challenges faced by a forest company will be different from those of a mining business. The Forest Conservation Policy was drafted specifically for APP and its wood supply chain. It has done tremendous good for it. Nevertheless, it is too simplistic to imagine that APP’s FCP is a one-size fits all solution for all companies in different industries. Click Read More below for additional information.
The U.S. Energy Information Administration reported Wednesday that crude supplies climbed by 2.1 million barrels for the week ended June 1. Analysts surveyed by S&P Global Platts had forecast a decline of 1.3 million barrels, while the American Petroleum Institute on Tuesday reported a fall of 2 million barrels, according to sources. The EIA also reported that total domestic crude production rose by 31,000 barrels a day to fresh weekly record of 10.8 million barrels a day. Gasoline stockpiles jumped by 4.6 million barrels for the week, while distillate stockpiles rose 2.2 million barrels, according to the EIA. Click Read More below for additional information.
The NRF called on lawmakers to pass bipartisan legislation introduced on Wednesday that would require congressional approval of “Section 232” tariffs. This includes the steel and aluminum tariffs recently imposed by the Trump administration, and any additional tariffs in the future. The legislation was introduced by Senate Foreign Relations Committee Chairman Bob Corker (R-Tenn.), and a bipartisan group of senators. The proposed tariffs have triggered widespread retaliation against United States exports. The administration is also considering tariffs on automobiles and auto parts. Click Read More below for additional information.
Costco Wholesale Corporation reported net sales of $11.02 billion for the retail month of May, the four weeks ended June 3, 2018, an increase of 14.1 percent from $9.66 billion last year. For the first thirty-nine weeks of fiscal 2018 the Company reported net sales of $103.26 billion, an increase of 12.1 percent from $92.11 billion last year.
Klabin is one of the exhibitors at the 44th Expocitros and the 40th Citriculture Week, organized simultaneously by the Sylvio Moreira Citriculture Center until June 8, in Cordeirópolis in the interior region of São Paulo. The company is showcasing its recyclable corrugated board packaging solutions for the agricultural produce segment, especially citrus fruits. Visitors can learn about and explore the characteristics of Klabin’s packaging solutions, which are tailor-made to the specifications of diverse products in this market. The Company’s corrugated board boxes come in specific formats to accommodate and pack fruits, vegetables, greens and other food products, thus guaranteeing resistance, food protection, as well as ease of storage and transportation. Moreover, the packaging is recyclable and produced from raw material obtained from planted and certified forests. Click Read More below for additional information.
Transcontinental Inc.’s Media Sector, TC Media, announces the sale of three more of its local newspapers, as well as their related web properties, to Groupe Lexis Média inc., a company of which Mr. Frédéric Couture is President. In total, 26 employees of the various publications and 1 employee from TC Media’s Production team are transferred to Groupe Lexis Média inc. TC Transcontinental also concluded a multi-year agreement for the printing and distribution of all of these titles. The publications sold to Groupe Lexis Média inc. are: L’Avantage votre journal (Rimouski), L’Avantage Gaspésien (Matane) and L’Avant-Poste (Amqui). Click Read More below for additional information.
With over 140 years in the printing business, Johnson & Quin has proven that innovation is key to staying ahead of the competition. And yet, while new technologies can add capabilities and open new markets, the progressive direct mail services provider also knows the value of trusted partnerships. As such, Johnson & Quin is looking forward to both growing its partnership with SCREEN Americas and adding new solutions with the early summer installation of the new Truepress Jet520NX inkjet press, its second high-speed solution from the long-time graphic arts equipment manufacturer in just 3 years. Click Read More below for additional information.
The Choose Water bottle, developed by a British scientist, James Longcroft, aims to replace plastic bottles and help save the world’s oceans from plastic waste. The outer lining of the bottle is made out of recycled paper, while the waterproof inner lining is made with a composite material which was developed in-house. All elements of the bottle can fully decompose within three weeks when left in water or landfill and can be eaten by sea creatures without harm. The steel cap on the bottle will also rust and fully decompose within a year whereas, plastic usually takes hundreds of years to break down. Longcroft, who lives in Scotland, is finalising patents and started crowdfunding in order for the bottles to be mass produced and stocked in supermarket shelves. He has raised just over £35,000 and expects the water bottle to be launched in September 2018. Click Read More below for additional information.
Cenveo, Inc. announced that it has reached an agreement with its major stakeholders to clear the path for approval of the Company's first amended plan of reorganization, which will enable the Company to emerge from Chapter 11 this summer. The Plan of Reorganization has the support of over 70% of the Senior Secured Noteholders, the holders of certain funds and accounts under management that collectively own or control a percentage of the Company's senior secured first-in, last-out notes, who also hold a percentage of the first lien notes, second lien notes, and senior unsecured notes, as well as the support of the Unsecured Creditors Committee whose members consist of trade creditors, the Pension Benefit Guaranty Corporation, certain unions, and the indenture trustee for the unsecured noteholders. A hearing before the United States Bankruptcy Court for the Southern District of New York is scheduled for June 7, 2018 for the Company to seek approval of its first amended disclosure statement and to establish the voting procedures for the Plan of Reorganization. The terms of the Plan of Reorganization will enable the Company to exit Chapter 11 with a highly deleveraged balance sheet, which will allow the Company to focus on its operations and grow its businesses. Click Read More below for additional information.
International Paper Company confirmed that the company will not make an offer for Smurfit Kappa Group plc, given the lack of engagement by Smurfit Kappa's Board of Directors and Management. In February 2018, International Paper provided representatives of Smurfit Kappa's Board of Directors with a proposal to acquire the company. Following discussions with shareholders of both companies, IP put forward a revised proposal on March 26, 2018. IP believes the revised proposal was highly attractive and formed a sound basis for engagement, which the company viewed as essential to determining the full value potential of the combination. Click Read More below for additional information.
Expressing concern for the environment and a desire to meet consumers' communication preferences, the SEC has voted to allow fund companies to post documents on websites and tell shareholders how to access them electronically. The move was a nod to a longstanding request from the mutual fund industry, which has pressed for email, rather than regular mail, to be the default method for disseminating shareholder reports, according to a report in the Wall Street Journal. Technically, the shift involved a rule change passed on a 4-1 vote that will allow funds to post the documents on websites and tell shareholders how to access them electronically. Click Read More below for additional information.
L Brands, Inc. reported net sales increased 10 percent to $851.9 million for the four weeks ended June 2, 2018, compared to net sales of $774.3 million for the four weeks ended May 27, 2017. Comparable sales for the four weeks ended June 2, 2018, increased 5 percent compared to the four weeks ended June 3, 2017. The company reported net sales of $3.478 billion for the 17 weeks ended June 2, 2018, an increase of 8 percent compared to net sales of $3.211 billion for the 17 weeks ended May 27, 2017. Comparable sales for the 17 weeks ended June 2, 2018, increased 3 percent compared to the 17 weeks ended June 3, 2017. Click
Each year on June 5, World Environment Day is observed and celebrated in over 100 countries. Since 1974, the United Nations has used this day to promote awareness about the protection of our environment worldwide. The World Environment Day website perhaps says it best, “Above all, World Environment Day is the ‘people’s day’ for doing something to take care of the Earth. That something can be focused locally, nationally or globally; it can be a solo action or involve a crowd. Everyone is free to choose.” There are many misconceptions about the printing industry with regard to paper manufacturing and environmental responsibility. In celebration of World Environment Day, we’d like to share some facts and educate our audience about our use of paper materials. Although we use large quantities of paper for commercial print production, we strive to be environmentally sustainable in all facets of our business operation. Click Read More below for additional information.
With the rebuild of PM2, the UPM group will increase the capacity of release paper production by an additional 110,000 t/a. Start-up after the rebuild is scheduled for the final quarter of 2019. The complex rebuild with demanding technological requirements, not only for the equipment but also for the process and product quality, was prepared in close cooperation between UPM and ANDRITZ. Apart from the rebuild of PM2, the ANDRITZ scope of supply also includes modification of the stock preparation system, approach flow and broke system. All sections of the paper machine will be modified. Click Read More below for additional information.
Oil prices steadied on Wednesday after Venezuela raised the prospect of a halt to some crude exports, easing worries about oversupply after reports that the U.S. government had asked Saudi Arabia and some other producers to increase output. Falling Venezuelan oil output helped push crude benchmark Brent LCOc1 to more than $80 a barrel last month, but prices have eased since then on talk of higher supply by other members of the Organization of the Petroleum Exporting Countries. Click Read More below for additional information.
Crown Holdings, Inc.’s Spartanburg, South Carolina, aerosol plant is set to offset one-third of its annual electrical usage by implementing a new solar panel array, covering approximately five acres. The project marks Crown’s first use of solar power energy worldwide and contributes to one of the Company’s 2020 sustainability goals of reducing its energy consumption by implementing renewable and alternative energy projects at the local level. “Crown’s mission is to continue identifying unique sustainability projects that align with our commitment to manage and conserve resources and bring innovations to market that support the sustainability efforts of our customers and consumers,” said John Rost, Director of Sustainability and Regulatory Affairs, Crown Holdings, Inc. “Working with Keystone Power Holdings to enact a project of this scale is a prime example of this effort in action. This project also contributes to Crown’s wider goal of continuing to drive down its emissions.” Click Read More below for additional information.
Columbus Monthly, Seattle Met, and Denver’s 5280 earned top prizes for General Excellence at the 33rd annual City & Regional Magazine Awards, administered by the University of Missouri School of Journalism and announced Monday at the City & Regional Mag Association’s annual meetup in New Orleans. Twenty-five year-old 5280 and 12 year-old Seattle Met were first-time winners in the General Excellence category, which is split into three prizes based on circulation level. Columbus Monthly, which won among magazines with a circulation of 30,000 or less, had previously won a General Excellence award under a different format in 2001. All three were finalists in their respective categories last year. Click Read More below for additional information.
Every year in the spring and summer, JDI Chief Naturalist Kelly Honeyman and JDI Fish & Wildlife Manager John Gilbert team up to coordinate over 800 hours of training to over 200 contractors and foresters in the regions where JDI operates. The environmental training includes: • Rare Plant Habitat Identification and Training • Stick Nest Identification and Protection Policy • Operating near watercourses, including vernal pools and wetlands • Unique Areas Program • Review of Species of Concern Guide • Review of Forest Certification Process and Successes. JDI’s biodiversity strategy encompasses research, training, and the application of technology to ensure that our forestry operations meet our biodiversity objectives. JDI’s international award-winning Unique Areas Conservation Program has grown from 29 sites in the 1980’s to 1,454 sites in 2018. Click Read More below for additional information.
With an expanding market and the “best business in years,” Lithographic Industries, a privately-owned, third generation packaging printer located in Broadview, IL, chose to invest in its business by adding a new KBA-Iberica Optima 106 die cutter after thoroughly investigating what was competitively offered in the marketplace. The firm, which is known for its high-quality blister card printing in combination gang runs, has always remained a bit under the radar in its one-story facility on a quiet street in this suburb of Chicago. But its customers have long recognized the firm’s fine heritage as the oldest combination blister card manufacturer in the U.S. since 1961, its superb quality, and its service-oriented philosophy. For nearly six months, the KBA-Iberica Optima 106 has proven its ruggedness, efficiency, and high speed as an integral part of the firm’s production, providing Lithographic Industries with a competitive edge as the demand for blister packs has posted a sharp rise. It is paired with the firm’s unique 11-color Koenig & Bauer Rapida 41-inch sheetfed offset press, the only one of its type in the U.S., offering two sided printing for nine-over-two combination blister card and insert card printing. Click Read More below for additional information.
Mercer International Inc. announced that it has determined to proceed with a Phase II expansion and optimization project at its Friesau sawmill. The project is designed to, among other things: * increase annual lumber production capacity at the Friesau Facility by approximately 200 million board feet to an aggregate of approximately 750 million board feet on a continuous operating basis, through the addition of two new sorting lines and the completion of expansions to existing sorting lines; * improve production grade capabilities by modifying primary breakdown lines to allow for expanded sorting capabilities, including the processing of shorter and more variable log grades; and * improve efficiencies at the Friesau Facility, including by increasing production speeds and lowering personnel costs. Click Read More below for additional information.
The future success of every printing company lies in its ability to delight customers. Ripon Printers responded by promoting former Director of Customer Care, Julie Newhouse, to company president. She brings nearly 30-years experience in the graphic arts industry, including management roles in prepress, manufacturing, sales, and customer support. Prior to joining Ripon Printers in March 2016, Newhouse worked for two years at Service Litho-Print, Inc. as an estimator and then as estimator-customer support manager. She also previously spent 23 years at Independent Printing Company where she worked her way up from composition coordinator to vice president of manufacturing, and then general manager–custom products value stream. Click Read More below for additional information.
Mondi has announced that all conditions have been satisfied and it has completed the acquisition of 100 percent of the outstanding shares in Powerflute Group Holdings, a division of Nordic Packaging and Container Holdings, for a total consideration of EUR 365 million on an enterprise value basis. Powerflute operates an integrated pulp and paper mill in Kuopio (Finland) with an annual production capacity of 285,000 tons of semi-chemical fluting. The business will be integrated into Mondi’s Packaging Paper business unit. Click Read More below for additional information.
Twin Rivers Paper Company LLC announced that it completed the acquisition of the paper mill located in Pine Bluff, Arkansas. Twin Rivers, headquartered in Madawaska, Maine, produces specialty packaging, label, publishing, and technical specialty papers as well as dimensional lumber. It is owned jointly by Atlas Holdings LLC and Blue Wolf Capital. The mill acquired under this agreement produces Multiwall, Converting and Bag grade unbleached kraft papers serving a variety of food, agricultural, and industrial applications. With basis weights between 40# and 78#, the mill has a capacity in excess of 140,000 US short tons. This acquisition marks Twin Rivers’ second investment in packaging and technical markets in recent years, following the purchase of the paper manufacturing assets of the Burrows Corporation in 2016. Click Read More below for additional information.
Oil prices edged higher on Tuesday after falling nearly 2 percent in the previous session, but growing U.S. production and expectations of higher OPEC supplies continue to weigh on sentiment. Over the weekend, OPEC and non-OPEC Arab oil ministers agreed on the need for continued cooperation to balance global supply, Kuwait's state news agency KUNA reported. In March, U.S. crude output rose to 10.47 million barrels per day, the highest on record, according to a monthly report by the Energy Information Administration (EIA). Click Read More below for additional information.
A U.S. Appellate Court ruling in Washington DC upheld the U.S. Postal Service’s pricing methodology, knocking down a challenge from UPS that categorized it as unfair and anticompetitive, according to a report in Bloomberg. The three-judge panel found that the USPS’s transfer of some profits from its monopoly on first-class mail delivery to offset parcel delivery costs did not amount to a subsidy of those operations, which is forbidden under the 2006 Postal Accountability and Enhancement Act. The USPS’s pricing is set by the Postal Regulatory Commission (PRC). Click Read More below for additional information.
Caraustar Industries, Inc. announced a price increase of $50 per ton on all uncoated recycled paperboard (URB) grades. The increase on the uncoated recycle board grades will be effective starting with shipments on July 9, 2018. The increase is in response to strong market dynamics and inflationary cost pressures in transportation, chemicals and other recycled paperboard input materials.
Sealed Air Corporation has entered into an agreement with Kuraray America, Inc., a Japanese chemical company, to offer food packaging materials derived from its Plantic™ bio-based resins. “We are expanding our portfolio of sustainable solutions with Plantic’s bio-based materials. This solution enables us to offer a renewable packaging option and continue helping the industry address food waste by extending the shelf-life and freshness of food,” said Karl Deily, President of Sealed Air Food Care. Through this new cooperation with Kuraray, Sealed Air will offer Plantic materials to package perishable foods such as poultry, beef and seafood in the U.S., Canada and Mexico. Click Read More below for additional information.
UK-based packaging group DS Smith Plc has offered to buy Spanish rival Europac for 1.9 billion euros ($2.2 billion) including debt to bolster its position in western Europe’s fast-growing packaging market. A deal would be DS Smith’s biggest acquisition to date and the latest in an industry benefiting from growing demand from online retailers. “Europac’s board of directors has confirmed that the acquisition is friendly and attractive,” DS Smith said on Monday, adding it had received undertakings to accept the offer from shareholders owning 58.97 percent of the Spanish company. Click Read More below for additional information.
Wyndeham Group has secured a two-year extension of its print contract with Hearst UK which includes the addition of three new titles. The three new arrivals, Red, Red Travel and Country Living, bring the number of magazines Wyndeham prints for Hearst up to 18, and will be printed at Wyndeham Roche in Cornwall. Wyndeham's first magazine work for Hearst was the printing of lifestyle weekly Reveal in the early 2000s. It secured 10 titles in 2016 in the wake of Polestar’s collapse. Group sales director Jon Hearnden said: “We have a very strong relationship with Hearst UK and over its span we have proven ourselves to be reliable and capable of turning over a consistent product. Click Read More below for additional information.
In an effort to manage our extensive paper manufacturing system in the most efficient and responsive way, Verso is discontinuing production of our Focus® grade as of July 31, 2018. Our current Focus® inventory will be available for sale until it is extinguished. Our Influence® offering will continue to be Verso’s flagship brand for the No. 3 coated freesheet web market. The elimination of the Focus® grade allows for expanded production of Influence® Gloss, Soft-Gloss®, Matte, and Gravure. With this streamlined grade structure, Verso’s inventory replenishment of Influence® will also be enhanced. Click Read More below for additional information.
The global printing and writing paper markets continue to evolve at a faster pace than seen in some time. We have seen many recent challenges facing our industry such as significant global capacity closures and conversions away from paper, global wood and pulp shortages, chronic and ongoing North American logistics issues and rising inputs costs to name a few. To keep pace with these new realities please be advised that Irving Paper will increase its prices of Irving SCA, Irving SCB, Irving Radiance (SCA+) and Irving Opulence (SCA++) $40 USD/Short Ton (all Basis weights) effective with new and existing orders shipping on and after July 1, 2018 in the US Market and $50 CDN / Short Ton in Canada. This increase is in addition to the previous March and May increases.
Please be advised that effective with shipments on or after July 1, 2018, Resolute’s White Paper grades noted below will increase by US$30/short ton. Products impacted by this price increase are limited to the following: ResoluteSelect 70, 65; ResoluteBook 70, 65,60 & ResoluteBook 70 Cream. The increase will be applicable to all basis weights and finishes, and all upcharges apply.
Huhtamaki has completed the acquisition of Ajanta Packaging's business in India. Ajanta Packaging is a manufacturer of pressure sensitive labels in India. The annual net sales of the acquired business are approximately EUR 10 million and it employs altogether 170 people. The debt free purchase price was approximately EUR 13 million. The business will be reported as part of the Flexible Packaging business segment as of June 1, 2018.
U.S. crude production climbed in March to 10.47 million barrels per day (bpd), a monthly record, data from the Energy Information Administration showed last week. U.S. drillers added two oil rigs in the week to June 1, bringing the total to 861, the most since March 2015, energy services company Baker Hughes said on Friday. That was the eighth time drillers have added rigs in the past nine weeks. Click Read More below for additional information.
HP Inc. and Siemens expanded their longstanding collaboration to enable even more advanced functionality across a broader set of Siemens PLM software to change the way users can design and manufacture with HP’s Multi Jet Fusion 3D printing technology. Siemens’ NX and Solid Edge Software deliver support for Full-Color 3D Printing Capabilities through HP Multi Jet Fusion. With the latest releases, Siemens, a leader in digital innovation software, and HP, the global industry leader in 3D printing, will enable users of Siemens’ NX™ software and Solid Edge® software to design and produce full color 3D-printed parts. HP’s Jet Fusion 3D 300/500 series is the industry’s first 3D printing solution for the production of engineering-grade, functional parts in full color, black or white – with voxel-level control – in a fraction of the time of other solutions. Click Read More below for additional information.
Stora Enso’s investment of EUR 12 million in a biocomposite plant is part of the company’s ongoing process of becoming a renewable materials company. It shows that Stora Enso is a leader in the bioeconomy, with the ability to provide innovative, more sustainable alternatives to plastic. The company’s biocomposites, DuraSense™ by Stora Enso, make it possible to reduce the consumption of plastic by up to 60% and replace it with renewable wood fibre. Uses for biocomposites include everything from consumer goods to industrial applications, such as furniture, hand tools, automotive parts, toys and kitchen utensils. The combination of natural wood fibre, polymers and additives offer the mouldability of plastic with the sustainability and workability of wood. Click Read More below for additional information.
Huhtamaki has acquired the majority of Cup Print Unlimited Company, a privately-owned paper cup manufacturer based in the Republic of Ireland. With the acquisition Huhtamaki improves its access to the growing market of short run custom-printed cups and boosts its on-line commercial activity. The short run capability also allows Huhtamaki to even better support its current customers' promotional activities. CupPrint is specialized in short run custom printed cups with quick delivery time. It has an on-line service model which allows efficient design and delivery of small volumes. CupPrint's annual net sales are approximately EUR 14 million and it employs altogether approximately 110 people in its manufacturing unit in Ireland and sales office in Germany. Click Read More below for additional information.
It is with heavy hearts we announce that Edwards Brothers Malloy will be closing our doors as of June 15. As you can imagine, this is a difficult time for our employees as we work through the process of shutting down our facilities while finishing projects for our customers with work in-house. We do, however, want to take this moment to thank you for your support and business through the years. Our employees and customers have been the cornerstone of our 125-year history. We wish you all the best going forward. John Edwards and Bill Upton
Net sales were $730.9 million, up 11% from last year, with comparable sales up 5%. Changes in foreign currency exchange rates and the calendar shift resulting from the 53rd week in fiscal 2017 benefited first quarter net sales by approximately 4% and 1%, respectively, which do not impact comparable sales. By brand, net sales increased 13% to $423.6 million for Hollister and increased 7% to $307.3 million for Abercrombie from last year. By geography, net sales increased 10% to $449.1 million in the U.S. and increased 12% to $281.8 million in international markets from last year. Net other operating income was $2.6 million, compared to $1.7 million last year, primarily related to foreign currency gains. Click Read More below for additional information.
One of the main European manufacturers of shopping bags and packaging accessories, Fiorini International, has produced a new bag for Lecta's one-side coated paper Creaset Bags range, introduced at the Packaging Première fair, an exclusive event devoted to luxury packaging held in Milan from May 15 to May 17. Using the slogan "Pure Inspiration" and with a sophisticated design that transmits elegance and lightness, this attractive bag showcases the paper, part of a versatile range that enables you to create anything you can imagine, as the motto of the Creaset brand suggests: "Endless Possibilities". From a perfume label to a wine label to premium flexible packaging applications, the possibilities are infinite. Click Read More below for additional information.
National Average Price for Regular – Current: $2.957; Month Ago: $2.811; Year Ago: $2.381. National Average Price for Diesel – Current: $3.213; Month Ago: $3.067; Year Ago: $2.513.