Stora Enso’s investment in a new production unit for cross laminated timber (CLT) at Gruvön sawmill in Sweden was inaugurated today by Stora Enso’s CEO Karl-Henrik Sundström, Joakim Sveder, Mill Director, Gruvön sawmill and Leif Haraldsson, Municipal Commissioner of Grums. The investment in Gruvön sawmill amounts to EUR 45 million. The project has proceeded according to plan from the investment decision made in July 2017 to the start of commercial deliveries in the first quarter of 2019. The investment has had a total employment impact of 60 new employees for the mill. This is Stora Enso’s third production unit for cross laminated timber as the company already has two production units in Austria. The production capacity of the new unit at Gruvön sawmill will be 100 000 m3 annually, equalling enough material for approximately 4 500 normal sized apartments. Click "read more" below for additional information.
UPM Raflatac is committed to developing labelling solutions with other industry leaders to support brand owners in eliminating unnecessary plastic packaging and achieving their target of 100% reusable, recyclable or compostable plastic packaging by 2025. Reaching these targets requires the cooperation of players on the whole packaging value chain. Innovative solutions such as the RafCycle recycling programme, thin film materials, wash-off adhesives and label materials containing recycled content are some initiatives UPM Raflatac has undertaken to promote a circular plastics economy. Click "read more" below for additional information.
Total European shipments of graphic papers decreased 8.6% in March vs. March 2018 and shipments were down 6.7% year-to-date vs. 2018. Total European shipments of newsprint decreased 8.7% in March vs. March 2018 and shipments were down 4.1% year-to-date vs. 2018. Total European shipments of sc-magazine decreased 7.6% in March vs. March 2018 and shipments were down 5.8% year-to-date vs. 2018. Total European shipments of coated mechanical reels decreased 8.9% in March vs. March 2018 and shipments were down 8.4% year-to-date vs. 2018. Click "read more" below for additional information.
Dive Brief: •The U.S. Supreme Court rejected an appeal Monday, without comment, from UPS to raise the minimum price threshold for United States Postal Service (USPS) package delivery. "UPS is disappointed that the Supreme Court decided not to hear this case," UPS spokesperson Kara Ross told Supply Chain Dive in an email. "We will continue to work with the Postal Regulatory Commission to advocate for transparent cost accounting at the USPS." •USPS’ contracts, service agreements and delivery prices are subject to regulation by the federal government. UPS believes USPS’ delivery prices are artificially low, thereby making it difficult for UPS to compete as e-commerce costs and package volumes rise. Click "read more" below for additional information.
The CE100 network brings together businesses, innovators, cities, governments, universities, and thought leaders in order to build new markets in line with the Ellen MacArthur Foundation’s vision for a circular economy. In January, Aptar signed the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment and the company is pleased to collaborate with colleagues in the packaging industry to implement powerful changes to the way plastic is made and used, with the ultimate goal of creating a circular economy for plastic in which it never becomes waste. Commenting on joining the CE100 network, Stephan Tanda, Aptar President and Chief Executive Officer, said, “Packaging manufacturers must be active and public advocates for the industry transformation needed to deliver the vision of 100% of packaging being first collected, and then recycled or reused. By joining the CE100 network, we will work collaboratively with our fellow thought leaders to determine new ways to design out waste and keep products and materials in use.” Click "read more" below for additional information.
National Average Price for Regular Unleaded – Current: $2.845; Month Ago: $2.866; Year Ago: $2.968. National Average Price for Diesel – Current: $3.100; Month Ago: $3.084; Year Ago: $3.206.
American Dollar to Canadian Dollar = 0.742940; American Dollar to Chinese Yuan = 0.144900; American Dollar to Euro = 1.118558; American Dollar to Japanese Yen = 0.009123; American Dollar to Mexican Peso = 0.052501.
Oil rose towards $69 a barrel on Friday after two sessions of losses, but remained on track for its biggest weekly drop this year due to rising inventories and concerns about an economic slowdown. U.S. crude inventories rose to hit the highest since July 2017, suggesting ample supplies in the world's top consumer. EIA/S Meanwhile, worries that the U.S.-China trade is developing into a more entrenched dispute have also hit prices. Click "read more" below for additional information.
Bonnier Corp. will discontinue the printed edition of Motorcyclist after the July/August issue. The brand will continue online at motorcyclistonline.com, and across all social and video platforms. “Like other enthusiast-content segments, motorcycle readership has evolved to a truly digital audience,” said Andy Leisner, SVP Managing Director of the Bonnier Motorcycle Group. “There have been substantial shifts in consumer content preferences as well as advertisers’ desire to reach motorcycle consumers on these growing digital platforms.” The digital audience for Motorcyclist has grown substantially, led by the 1.18 million enthusiasts who interact with Motorcyclist’s social channels, including 630,597 Motorcyclist YouTube subscribers. In the past two years, Motorcyclist’s YouTube views have grown by 239 percent, and subscribers have grown by 494 percent. All existing Motorcyclist staff and production resources will be shifted to address the growth on these channels. Click "read more" below for additional information.
A new beauty powerhouse will soon enter the scene. Brazil’s Natura is acquiring rival Avon Products, creating the fourth-largest beauty group in the world. The all-stock deal is valued at $2 billion. São Paulo-based Natura will own about 76% of the combined group, with the remainder owned by Avon shareholders. The group is expected to have annual gross revenues of over $10 billion, more than 40,000 associates and a presence in 100 countries. Click "read more" below for additional information.