TC Transcontinental is proud to be named once again as one of Canada’s 50 best corporate citizens, placed in 10th position in the renowned Corporate Knights’ 2020 Best 50 Ranking. According to Corporate Knights, TC Transcontinental ranks among the Top 10, overall thanks namely to its high clean revenue score, strong gender diversity at the board and executive levels, its solid safety record, as well as its strong energy and water productivity. “We are very proud to be in Corporate Knights’ prestigious Top Ten ranking for the second year in a row” said François Olivier, President and Chief Executive Officer of TC Transcontinental. “This announcement comes at a time where the pandemic that hits our world reminds us more than ever, of the importance for all stakeholders across the value chain to act together to carry out responsible business strategies. Our Corporation continues to be deeply committed in demonstrating how our business practices can have a positive economic, social and environmental impact on both people and planet for generations to come."
Total European shipments of graphic papers in April 2020 were down 29.1% vs. April 2019 and are down 12.7% year-to-date. Total European shipments of newsprint in April 2020 were down 25.5% vs. April 2019 and are down 11.0% year-to-date. Total European shipments of sc-magazine in April 2020 were down 35.9% vs. April 2019 and are down 16.1% year-to-date. Total European shipments of coated mechanical reels in April 2020 were down 35.1% vs. April 2019 and are down 18.7% year-to-date. Total European shipments of uncoated mechanical (improved & others) in April 2020 were down 14.4% vs. April 2019 and are down 4.0% year-to-date. Total European shipments of coated woodfree in April 2020 were down 36.2% vs. April 2019 and are down 15.9% year-to-date. Total European shipments of uncoated woodfree in April 2020 were down 23.5% vs. April 2019 and are down 8.1% year-to-date.
Paper Excellence Canada today announced that Catalyst Paper Corporation has been voted amongst Canada’s Best 50 corporate citizens by Corporate Knights. This is the thirteenth time that Catalyst Paper, which operates pulp and paper facilities in Crofton, Port Alberni, and Powell River, British Columbia, has achieved the Best 50 Award with Corporate Knights. The Best 50 Award is judged using 21 key performance indicators that relate to the organization’s raw resource use, emissions profile, innovation, women in key positions, safety performance, and percentage of revenue from clean sources. Paper Excellence’s VP of Environment, Health and Safety, Graham Kissack, said “We’re extremely proud to be part of this group of leading Canadian companies demonstrating that sustainable business practices can be both profitable while offering long term stability and protection of our ecosystems.”
National Average Price for Regular Unleaded Current: $2.176; Month Ago: $1.962; Year Ago: $2.684. National Average Price for Diesel Current: $2.440; Month Ago: $2.412; Year Ago: $2.992.
American Dollar to Canadian Dollar = 0.731999; American Dollar to Chinese Yuan = 0.141272; American Dollar to Euro = 1.121358; American Dollar to Japanese Yen = 0.009346; American Dollar to Mexican Peso = 0.043810.
Public Utility District No. 1 of Pend Oreille County General Manager Colin Willenbrock issued the following statement regarding the indefinite idling of Ponderay Newsprint Company: “Ponderay Newsprint has long been an outstanding employer and community partner in the Pend Oreille valley. While recent news of the mill being indefinitely idled has long been anticipated, it still hits us hard to know this chapter in our community’s story may be coming to a close. We will be creating a page on our website for customers – including PNC employees who live in Pend Oreille County – to learn about energy assistance programs, financial resources, and other helpful information as we make this transition together.
Worzalla has announced the completion of its modernization and expansion plan. In October 2019, Worzalla had declared it would be investing $12.5 million in new machinery and capital improvements to the company’s headquarters in Stevens Point, Wisconsin. “In Worzalla’s long history, we have always adapted and evolved to be leaders in our industry and deliver for our customers,” said Jim Fetherston, President and CEO at Worzalla. “We’re proud to celebrate this milestone and the completion of the modernization and expansion plan as we look ahead to the next 125 years.” Worzalla honored the occasion with a small virtual ribbon cutting ceremony featuring partners and customers from across the book printing industry.
Amazon announced its choices for 2020’s Best Books of the Year So Far, selecting Abi Daré’s debut novel, The Girl with the Louding Voice, as the top pick. Throughout the year, the Amazon Books editorial team pores over thousands of pages to determine the Best Books of the Month, Best Books of the Year So Far, and Best Books of the Year, debating new releases across various categories—including literary fiction, mystery and thriller, biography, children’s books, and young adult—all to help customers find their next great book. For Best Books of the Year So Far, the Amazon Books editorial team read and selected titles released between January 2020 and June 2020. This year’s list includes the first adult novel of a longtime children’s book author, a sought-after tattoo artist’s memoir on assimilating to American culture after leaving Vietnam, and a gripping true story of a family trying to understand how schizophrenia has affected their lives and future.
GNC Holdings Inc. has filed for Chapter 11 bankruptcy protection with plans to close at least 800 to 1,200 stores as it looks to cut its debt and restructure amid the COVID-19 crisis. The struggling, 85-year-old vitamin and supplement retailer said it has reached an agreement with the majority of its secured lenders and key shareholders to pursue a dual-path restructuring process that will allow the company to emerge as a standalone business or for it be sold as a going concern. The plan allows GNC to restructure its balance sheet and accelerate its store optimization strategy.
Macmillan Publishing's trade group will establish a new 13-member "trade management committee" to set goals and objectives for all publishers, divisions, and departments under its purview, the company announced in two letters to staff on Monday, one from CEO John Sargent and another from president Don Weisberg and COO Andrew Weber. The new management team will set company-wide goals and objectives, though the publishing houses will remain as independent companies, and the publishers will continue to report directly to Weisberg. As for his role, Sargent said he will "step back from day-to-day management to make room for new voices" in the U.S. trade publishing operation, although he will remain in charge of the overall Macmillan global businesses. Macmillan's college operations are not part of the new initiative. The move is the most significant to date at Macmillan to address issues of diversity and representation in the publishing business, and comes two weeks after an industry-wide collective action protesting racism initially organized by five Macmillan employees took place (an action on which the publisher declined to comment).