Christopher Kimball’s Milk Street Coffee Sugar is marketed as a spice additive that “elevates your morning cup of coffee”. Seeking a retail presence, Milk Street reached out to Midland for a packaging solution that would be aesthetically pleasing, functional, and economical. However, like many customers, Milk Street wanted to explore their packaging options and review different materials. Options that were considered included tin containers, glass jars, paper tubes, and plastic pouches. Ultimately, a plastic stand up pouch was the chosen solution based on the following attributes: a single SKU item, consumer ability to re-close, large front face for branding and low cost. Kyle Garvin was instrumental in driving the success of this project by providing a turn key design center solution which offered concepts, presentations, pricing and samples, ultimately leading to a PO and repeat business.
Total European shipments of graphic papers in October 2019 were down 5.6% vs. October 2018 and are down 7.5% year-to-date. Total European shipments of sc-magazine in October 2019 were down 7.8% vs. October 2018 and are down 7.3% year-to-date. Total European shipments of coated mechanical reels in October 2019 were down 9.3% vs. October 2018 and are down 8.6% year-to-date. Total European shipments of coated woodfree in October 2019 were down 7.6% vs. October 2018 and are down 11.7% year-to-date. Total European shipments of uncoated woodfree in October 2019 were down 1.4% vs. October 2018 and are down 4.3% year-to-date.
West Texas Intermediate crude futures have rallied 14% this quarter and 35% this year, putting oil on track to post its best annual performance since 2016. And now big investors are starting to get on board with the trade. “Hedge funds have swung from extreme bearishness to extreme bullishness,” Ned Davis Research energy strategist Warren Pies said in a note Monday. “In two months, hedge fund short positioning in crude oil futures has gone from above 35% to below 9%.”
The investments in maintenance planned for 2020 will amount to R$3.6 billion, while investments in expansion and modernization projects will require approximately R$300 million. The investments in projects involving the acquisition and/or formation of lands and forests will amount to R$400 million. Meanwhile, the ongoing projects at the ports in the states of São Paulo and Maranhão will consume approximately R$100 million over the coming year. The company is announcing that it will begin to manage, through its subsidiaries, approximately 100,000 hectares of land and a Construction License for a pulp mill with annual production capacity of 2.2 million tons, located in the Ribas do Rio Pardo region of the state of Mato Grosso do Sul.
LSC Communications, Inc. announced that it received notification from the New York Stock Exchange (the “NYSE”) that the NYSE has determined to commence proceedings to delist the Company’s common stock (the “Common Stock”) from the NYSE and that trading in the Common Stock on the NYSE has been suspended, effective immediately. The NYSE reached its decision pursuant to Rule 802.01B of the NYSE Listed Company Manual because the Company did not meet the NYSE’s continued listing standard that requires listed companies to maintain an average global market capitalization of at least $15 million over a period of 30 consecutive trading days. The Company anticipates that its Common Stock will begin trading on the OTCQX® Best Market under the symbol “LKSD”. The transition to the OTC markets will not affect the Company’s business operations or its Securities and Exchange Commission reporting and does not conflict with or cause an event of default under any of the Company’s material debt or other agreements.
Consumers want personalized benefits, so much so that they’ll share some personal details to get them, according to the State of Consumer & Retailer Data Survey 2020, a study by data management company Stibo Systems. But only up to a point. Among shoppers, 49% will provide data to get loyalty program points. Yet only 23% will do so to receive weekly coupons. And a mere 11% will trade information for personalized product recommendations, location-based offers or streamlined in-store service.
Unit sales of print books fell 1.1% in the week ended December 21, 2019—the last full week before Christmas—compared to the similar week in 2018 at outlets that report to NPD BookScan. Units sold fell to 32.9 million, from 33.3 million, in the week ended December 22, 2018. Unit sales in both adult categories fell compared to 2018. Adult fiction unit sales were off 3.2%, while unit sales of adult nonfiction fell 5.0%, to 13.6 million, from 14.3 million print copies a year ago.
At the upcoming Annual Meeting on January 31, 2020, you will face important decisions regarding the future of your Company and the value of your investment. Among other things, you will be asked to approve the sale of our Androscoggin and Stevens Point mills to Pixelle Specialty Solutions LLC (the "Pixelle Transaction") and elect the directors you believe are most qualified to oversee the execution of the Company's transformation strategy, provide unbiased and unconflicted stewardship of the Company, including the use and return to stockholders of the anticipated net proceeds from the consummation of the Pixelle Transaction, and serve the best interests of ALL Verso stockholders. Upon completing the SEC review and comment process of the preliminary proxy related to the Pixelle Transaction earlier than anticipated, Verso had the ability to schedule a single stockholder meeting to vote on the Pixelle Transaction at the Annual Meeting. The Board discussed the benefits of holding a single stockholder meeting using a single proxy card and then, with Messrs. Alan Carr and Eugene Davis (who are not standing for re-election at the Annual Meeting) recusing themselves from the Board meeting, authorized a change to the Annual Meeting date from January 21 to January 31, 2020, to hold a single meeting, as previously announced. As you may know, Lapetus Capital II LLC ("Lapetus", and together with its affiliates, "Atlas," and BW Coated LLC and together with its affiliates, "Blue Wolf," and, collectively with Atlas, "Atlas/Blue Wolf"), have launched a costly, self-serving and distracting proxy contest.
An affiliate of ND Paper Inc. could invest $49 million in a box plant in Racine County that would create 88 jobs, according to a Thursday announcement by the Wisconsin Economic Development Corp. The company in October bought a vacant, 350,274-square-foot industrial building at 7601 Durand Ave. in Mount Pleasant. ND Paper made that $15.5 million purchase through an affiliate company called Badger Solutions, which the WEDC said will receive up to $600,000 in state tax credits to rehab a building for a “full-service” box plant in Sturtevant. The WEDC list distributed Thursday called that project its seventh-largest economic development deal of the year.
National Average Price for Regular Unleaded Current: $2.557; Month Ago: $2.589; Year Ago: $2.297. National Average Price for Diesel Current: $2.995; Month Ago: $3.009; Year Ago: $3.017.