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.