R.R. Donnelley & Sons Company announced a major new agreement with Sobeys, one of Canada’s largest retailers and a leading grocer. As one of only two national grocery retailers in Canada, Sobeys Inc. provides food shopping needs for Canadians with approximately 1,500 stores in all 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Price Chopper, Thrifty Foods, and Lawtons Drugs, as well as more than 380 gas stations. The agreement covers store marketing and décor signage print, including production, procurement, fulfillment, warehousing, logistics, and installation support for more than 1,200 Sobeys stores, and over 1,500 additional stores within Sobeys independent and wholesale operations. RRD’s retail focus, broad production capabilities and marketing communications expertise will help Sobeys streamline in-store communication execution, drive integration and consistency within each banner and respond quickly and effectively to evolving market conditions. Click Read More below for additional information.
(WBAY) Midwest Paper Group has pledged to create 321 jobs and invest $30 million at the former Appleton Coated Paper Mill, according to an announcement made Monday in Combined Locks. The company will receive $1.8 million in state tax credits from the Wisconsin Economic Development Corporation to "reconfigure" the facility into one that makes white paper to in-demand packaging grade. The company will install equipment to convert waste paper to medium and linerboard used in packaging. To receive the full amount of state tax credits, the company agreed to create 321 jobs by 2020 and maintain them through 2022. Click Read More below for additional information.
Effective with all shipments on or after August 30, 2018, International Paper will increase prices by 5% on the following products: All Williamsburg Rolls and Sheets; All Accent® Opaque Rolls and Sheets; All Springhill® Rolls and Sheets; All Office Paper Products. The following changes to our upcharges/differentials will also become effective on August 30: * The standard basis weight differential on all Williamsburg and Accent products will be as follows: 50lb over 60lb: $2.00/cwt & 55lb over 60lb: $1.00/cwt; * Williamsburg offset roll products with a diameter below 50 inches, will be assessed a $1.00/cwt upcharge (This upcharge will not apply to Return Postcard); * Williamsburg offset products with vellum finish will be assessed a $1.00/cwt upcharge (This upcharge will not apply to Return Postcard); * All custom sheet orders will be subject to additional charges; * All orders for office papers products shipping west of the Rockies will incur a $1/cwt freight upcharge. Additionally, International Paper will review existing program business to evaluate current discounts off the warehouse price and on deviated roll business.
Effective for all new and existing orders with confirmed deliveries September 1, 2018 and later, ND Paper will be implementing a price increase for the following paper products: Coated Free Sheet Grades - Orion®. Coated Groundwood Grades - Vision®; Escanba®; Dependoweb®; Capri®; Consoweb®. Coated One Side Grades - Oxford Litho C1S; Oxford High Bright C1S; Oxford Metalist C1S; Trident™ Wet Strength. Specialty Grades - Glide Graphics Release Liner Base; Leap (Flexible Packaging). Uncoated Free Sheet Grades - Rumford Offset. This increase applies to all basis weights, finishes, grade extensions, and related private label products.
Effective with all shipments from September 1, 2018, North Pacific Paper Corporation will increase the price of our Uncoated Freesheet grades— rolls only. This includes our Orca Offset, Orca Envelope (White Wove), Orca Book and other Orca products sold in rolls. All standard up-charges and shipping policies remain in effect. Please contact your NORPAC Sales Representative with any questions related to this announcement.
LSC Communications, Inc. announced an equity investment and the signing of a definitive reseller agreement with MAZ Systems Incorporated. MAZ is a New York City-based content logistics company that enables brands, media and publishers to publish any content to various output channels, including mobile applications, OTT (over-the-top), social media, video and news aggregators, gaming consoles, voice assistants, wearable technology and more. Founded in 2010 by former Apple and Adobe designers and engineers, MAZ launched the world's first Content Logistics System to solve the issue that many companies face of delivering their content to an ever-growing and unscalable list of social platforms, devices and operating systems. MAZ, a cloud-based software suite, manages the processing, filtering, packaging, and shipping of content to current and emerging outputs, all from a single dashboard, at a fraction of the cost. MAZ is used by brands like Forbes, Fast Company, Condé Nast, American Media, Inc., USA Today, Outside TV, and hundreds of others. Click Read More below for additional information.
(investing.com) Concerns about the prospect of an oil supply shortage returned Monday, as investors continued to weigh supply disruptions in Saudi Arabia and declining output from and Venezuela, Iran and Libya. Saudi Arabia announced it would suspend shipments of oil through the key Bab el-Mandeb Strait, after Houthi rebels in Yemen attacked a pair of oil tankers in the Red Sea. Combined flows from Iran, Libya and Venezuela fell to their lowest since January, JBC Energy said. The fall in Iran crude flows come as U.S. sanctions, which come into effect in early November, are expected to cripple the Islamic Republic's energy industry, wiping a significant amount of crude supply from the market. Click Read More below for additional information.
In 2017, Domtar set forth a vision to establish our pulp business as a growth driver for the company. Since then, the pulp leadership team has enacted tangible plans to optimize and improve operational efficiency at Domtar’s core pulp mills through a combination of capital investments and continuous improvement projects with the goal to grow the business into a world-class global supplier with strong long-term customer partnerships. One such initiative is aimed at optimizing the Plymouth Mill’s operations in phases to grow it into a highly competitive pulp supplier. The first phase is focused on increasing energy and resource efficiency. “We’re undertaking a number of energy and environmental sustainability initiatives to continue to reduce our overall energy footprint — effectively optimizing the mill to safely produce reliable pulp tonnage,” says Plymouth Mill Manager Allan Bohn. “All of those things will add up to streamlining the mill in terms of the number of energy assets we operate.” Click Read More below for additional information.
For the six months ended June 30, 2018, the Company reported revenue of $500.9 million, up 5% year-over-year compared to $475.7 million for the same period in 2017. GAAP net income was $0.2 million or $0.00 per diluted share, compared to $7.5 million or $0.16 per diluted share for the same period in 2017. Non-GAAP net income was $39.8 million or $0.88 per diluted share, compared to non-GAAP net income of $51.3 million or $1.09 per diluted share for the same period in 2017. Cash flow from operating activities for the six months ended June 30, 2018, was $37.2 million compared to $39.0 million during the same period in 2017. Click Read More below for additional information.
(Foliomag.com) Davler Media has acquired the 29-year-old monthly Staten Island Parent magazine from founding publisher Roselle Farina-Hecht, growing its NYMetroParents portfolio to comprise eight local magazines and “completing its footprint” in the greater New York City area, according to an announcement released Monday. “We’ve achieved a long sought-after mission with this acquisition,” said Davler Media CEO David L. Miller in a statement. Formed by Miller in 2004 after acquiring City Guide New York, Davler Media launched its parenting division two years later with the purchase of Big Apple Parent, Brooklyn Parent, Queens Parent, and Westchester Parent magazines from Family Communications, LLC. By 2009, Rockland/Bergen Parent and Nassau and Suffolk Parent had been added to the mix, with the latter two later combined and merged with Long Island Parent when Davler acquired that property in 2012. Click Read More below for additional information.