Mondi, a global leader in packaging and paper, has today become one of the first signatories of The New Plastics Economy Global Commitment which will work towards eliminating plastic pollution and creating 100% reusable, recyclable, or compostable plastic packaging by 2025. Mondi has pledged to increase investment in research and development, and drive deeper collaboration throughout its supply chain to move away from non-renewable and non-recyclable plastic. It will use its expertise in paper-based and flexible plastic packaging to enhance its product design and thereby achieve 100% reusable, recyclable or compostable plastic packaging by 2025. Click read more below for additional detail.
With over 20,000 PEFC Chain of Custody certified companies worldwide, our Chain of Custody standard – in addition to delivering PEFC-certified products to the marketplace - has a tremendous impact on internal management processes of numerous businesses along the timber value chain. This means we must ensure the standard is the best it can be: that it is straightforward to use, that it meets customer expectations, and that it respects the integrity of our requirements and our system. We regularly review all of our standards to integrate best practices, lessons learnt, and stakeholder expectations, and the Chain of Custody standard is part of the current cycle of standards revision. Click read more below for additional detail.
For the first three quarters of the year, trade publishers’ revenues were up by $228.3 million (+4.4%) compared to the same period in 2017. The gains are led by increased revenue in Adult Books (also +4.4%), the book publishing industry’s largest category. Publishers revenue for Children’s and Young Adult Books (+3.5%) and Religious Presses (+7.6%) also increased. The increased revenue in trade books was offset by decreases in the education and scholarly publishing sectors, with revenue in all categories declining for the first three quarters of 2018 compared to 2017. Overall publisher revenue was down by -1.4% for all tracked categories. Click read more below for additional detail.
Oil prices fell on Tuesday, dragged down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crude exports. Oil has been caught up by broad financial market slumps this month, with stocks falling again on Monday after reports the US is planning an additional $257 billion worth of tariffs on Chinese goods if upcoming talks between Presidents Donald Trump and Xi Jinping fail to end a trade war between the world's two largest economies. In a sign that oil supply remains ample despite the looming US sanctions against Iran's petroleum exports, crude output from the world's top 3 producers, Russia, the United States and Saudi Arabia, reached 33 million barrels per day (bpd) for the first time in September, Refinitiv Eikon data showed. Click read more below for additional detail.
JANUARY 1 – SEPTEMBER 30, 2018 (compared with the year-earlier period): •Net sales increased 11% to SEK 13,829m (12,422). The growth was primarily attributable to Paper and Wood. •EBITDA increased 46% to SEK 3,758m (2,570). The improvement in EBITDA was mainly related to higher prices. •EBITDA margin increased to 27.2% (20.7). •Operating cash flow, which excludes strategic capital expenditures, increased to SEK 2,007m (1,431). Strategic capital expenditures totaled SEK 1,705m (2,085) and relate to the Östrand investment. Click read more below for additional detail.
R.R. Donnelley & Sons Company announced that it was recognized by the Johnson Controls Building Technologies & Solutions division with a 2018 Leadership in Quality Award for supplier excellence. The award was presented to RRD’s Supply Chain Solutions executives at the Johnson Controls annual Supplier Recognition and Procurement Excellence event, which recognizes key suppliers for outstanding performance and contributions. RRD provides end-to-end supply chain solutions across a broad range of industries to help clients continuously improve their market share, profits, and speed-to-market. With Johnson Controls, RRD used best-in-class manufacturing and automation techniques to deliver a labels solution that improved overall supply chain efficiency while maintaining consistently high regulatory standards. RRD was awarded with the 2018 Leadership in Quality Award for on-time delivery of tens of millions of high-quality pressure-sensitive labels. Click read more below for additional detail.
For the second year in a row, Fry Communications has won 17 Gold Ink Awards in the Annual Gold Ink Awards Competition. Fry won three Gold medals, three Silver, one Bronze, and 10 Pewter awards – at least one award in each of the seven categories entered. The panel of judges awarded Gold medals to Fry for the May 2018 issue of Long Island Pulse, the African Travel 2018 brochure published by Travel Corporation, and the World Screen October 2017 MIPCON Issue published by WSN Inc. Fry entered and won awards in seven different categories including magazine covers, consumer catalogs, consumer magazines, trade magazines, and brochures. Click read more below for additional detail.
Stora Enso has increased its ownership up to 100% in the Sweden-based company Cellutech AB. The company specialises in the development of new materials and applications based on cellulose, micro-fibrillated cellulose (MFC) and other wood-based components. The acquisition of Cellutech supports Stora Enso’s vision of replacing fossil-based materials with renewable ones originating from wood. The acquired company works, among others, in the areas of foams for packaging and hydroponics where the markets are continuously growing. Cellulosic foams can, for example, be used in packaging to replace polystyrenes which are the most widely used plastics. Click read more below for additional detail.
Amcor Chief Executive Officer Ron Delia signed the New Plastics Economy Global Commitment on behalf of the company’s 33,000 people. The commitment, which is sponsored by the Ellen MacArthur Foundation (EMF) in collaboration with the United Nations Environment Programme, was announced today at the Our Ocean Conference in Bali, Indonesia. Amcor is a core partner of the EMF’s New Plastics Economy initiative. “Plastic packaging is vital for products used by billions of consumers around the globe,” said Amcor’s Mr. Delia. “It’s highly effective and easy to adapt, so that those products are safe, nutritious and effective. “We’re constantly innovating to make plastic packaging even better, including in protecting the environment.” For example, last month Amcor announced a breakthrough, flexible-plastic film that provides high-barrier protection, can be used in sterilized packaging and is recyclable. Click read more below for additional detail.
Oil prices fell on Monday, as concern over the global economy put crude on track for its biggest monthly fall since mid-2016. Even with U.S. sanctions on Iranian exports due to come into force in under a week, oil has lost nearly 7 percent in value this month, the largest percentage decline since July 2016. With just days to go before renewed sanctions take effect, three of Iran’s top five customers – India, China and Turkey - are resisting Washington’s call to end purchases outright, arguing there are not sufficient supplies worldwide to replace them, sources familiar with the matter said. Click read more below for additional detail.