To ensure a viable, profitable future for the Rumford Division, ND Paper will be transforming the mill to increase its product flexibility and shift further into packaging grades. Notable changes include: • Commissioning of an unbleached recycled pulp line to provide fiber flexibility to the R12 and R15 paper machines • Conversion of its R15 paper machine from P&W papers into lightweight, high strength kraft linerboard products • Expansion of R12 paper machine capability to include unbleached recycled bag and converting papers, in addition to its current offering of bleached and unbleached papers • Continued operation of the R9 pulp dryer, including expansion into unbleached softwood kraft market pulp • Permanent curtailment of mechanical pulping operations and R15 coating and supercalender assets
Sixty people have been charged in a magazine fraud scheme that took advantage of seniors. According to a report by the Minneapolis Star Tribune, the federal government says the telemarketing scam defrauded 183,000 people across the U.S. for more than $335 million over a 20-year-period. Many victims were elderly. Fourteen defendants are described as owners of companies involved in phony magazine sales. Another 16 were call-center managers, 10 were telemarketers and four served as lead brokers, who sold lists of consumers to call.
With less than one week until the November election, new U.S. Postal Service data show an exceedingly high-volume of mail moving through the system and a focus on delivery of ballots. Key Facts: *2.5 Days Average Delivery Time. Since October 1, the average time of delivery for First-Class Mail, including ballots, was 2.5 days with 97.5 percent of all measured First-Class Mail delivered within five days across the country. *4.5 Billion Political and Election Mail Mailpieces. Total mail volume surpassed 4.5 billion mailpieces for both Political Mail and Election Mail tracked, representing an increase of 114 percent compared to the 2016 election cycle. *122 Million Ballots Processed and Delivered. Since Sept. 4, the Postal Service has processed and delivered more than 122 million ballots, including both blank ballots delivered from election officials to voters and completed ballots from voters to election officials.1
John Wiley & Sons Inc. continues to innovate its publishing business, announcing today two technologies that advance how scientific research is published, delivering greater value to researchers. First, the company’s publishing platform provider and subsidiary, Atypon, has successfully piloted its interactive figures technology in the International Journal of Quantum Chemistry, publishing the first scientific articles designed exclusively to leverage the multimedia nature of the web.
Third Quarter 2020 Summary: *Reported sales increased 8%, including positive effects of currency translation rates and recent acquisitions, and core sales increased 2% *Strong reported and core growth in our Pharma segment *Core sales growth in the food, personal care and home care markets *Recent acquisitions are performing well *Reported earnings per share totaled $0.95 (an increase of 12% compared to the prior year) *Reported net income totaled $64 million (an increase of 12% compared to the prior year) *Cash flow from operations was $381 million in the first nine months of 2020 (a slight increase over the prior year)
In the third quarter of 2020, net income was $7.5 million (or $0.11 per share) compared to $1.2 million (or $0.02 per share) in the third quarter of 2019 and a net loss of $8.4 million (or $0.13 per share) in the second quarter of 2020. In the first nine months of 2020, Operating EBITDA decreased by 41% to $143.1 million from $244.6 million in the same period of 2019. In the first nine months of 2020, net loss was $4.3 million compared to net income of $63.1 million in the same period of 2019.
Monadnock Paper Mills, Inc. is pleased to announce the appointment of Dr. Rajan Iyer as its new Vice President of Research & Development and Technical Services. Dr. Iyer will oversee the company’s new product development efforts, guiding Monadnock’s portfolio development of award-winning and sustainably-advantaged fine printing, packaging, and technical papers. He replaces Paul Ciccone who has announced his retirement. Paul (Mr. Ciccone), a 41-year Monadnock veteran, will remain with the company for an undetermined period of time to ensure a smooth transition.
National Average Price for Regular Unleaded Current: $2.147; Month Ago: $2.182; Year Ago: $2.602. National Average Price for Diesel Current: $2.373; Month Ago: $2.391; Year Ago: $3.001.
American Dollar to Canadian Dollar = 0.750636; American Dollar to Chinese Yuan = 0.148935; American Dollar to Euro = 1.167197; American Dollar to Japanese Yen = 0.009558; American Dollar to Mexican Peso = 0.046805.
Our reported revenue and organic constant-currency revenue declined 7% and 10%, respectively, in Q1. The pandemic continues to negatively impact our revenue results, but the year-over-year decline was less severe in Q1 compared to Q4 across all segments Q1 FY2021 GAAP operating income increased $10.6 million year over year to $36.0 million. The negative revenue impact of the pandemic was offset by variable cost controls, advertising efficiency and fixed cost savings. We also had a year-over-year decrease in restructuring charges of $2.3 million. Our GAAP operating income benefited from about $4.0 million of COVID-19-related government incentives, primarily to offset wages for manufacturing and customer service team members in countries where demand decreased but roles were maintained.
Marketers and their creative partners know there is no sure thing when it comes to marketing. They spend resources creating assets; producing images and messages hoping to drive success for their brands. No matter the category, competition is always fierce and consumers have become increasingly fickle when it comes to their brand preferences. The pandemic has presented new challenges for marketers. With non-essential stores closed or closing, many retail brands have had to play catch up by creating or significantly increasing their digital presence as customers’ traditional shopping patterns adapt to this “new normal.” Brands and creative agencies are constantly looking for ways to improve their odds of success in today’s evolving marketplace. Research can certainly play an important role in this quest. Successful campaigns start with the answers to three critical questions: *What do your customers really want and need? *Do your customers believe your product meets those wants and needs? *What do your customers need to see/hear to convince them that your product is the right choice? read more at: https://www.jschmid.com/blog/breakthrough-creative-research/
When paper was invented by the Chinese more than 2,000 years ago, merchants quickly became an integral part of its history, taking paper making around the world and helping to develop its many variations and uses. Today’s merchants remain a vital part of the paper chain, linking paper to people and delivering value to those they serve in more ways than ever before. In Values a Merchant Provides, the National Paper Trade Association (NPTA), a long-time member and enthusiastic supporter of Two Sides, spells out important ways merchants add value to the paper chain. These include not only critical operational values such as managing efficient supply chains, developing strong relationships with mills, sharing best practices and fostering creativity, but also efforts that speak to the very foundation of the industry, namely, proactively telling the great sustainability story of print, paper and paper-based packaging. Aligned with these efforts, the paper merchant community supports a variety of organizations that promote fiber-based sustainability options. These include Two Sides, which currently has 29 merchant companies as members.
Total consolidated revenues increased 51.5 percent to $283.8 million, compared with total consolidated revenues of $187.3 million in the prior year period, reflecting strong growth in the Company’s three business segments along with contributions from PersonalizationMall.com (“PMall”), which the Company acquired in August 2020. Excluding the contribution from PMall, total net revenues increased 40.6 percent compared with the prior year period. Gross profit margin for the quarter was 40.7 percent, unchanged compared with the prior year period. Operating expenses as a percent of total revenues improved 630 basis points to 45.4 percent of total sales, compared with 51.7 percent of total sales in the prior year period. Excluding the impacts of the Company’s non-qualified deferred 401k compensation plan and one-time costs primarily associated with its acquisition of PersonalizationMall.com, operating expenses, as a percentage of total revenues improved 820 basis points to 43.5% in the quarter. This reflected the strong revenue growth in the quarter combined with the Company’s ability to leverage its operating platform.
*Third quarter net earnings attributable to International Paper of $204 million, compared with $266 million in the second quarter of 2020 and $344 million in the third quarter of 2019. *Third quarter adjusted operating earnings* (non-GAAP) of $280 million compared with $305 million in the second quarter of 2020 and $431 million in the third quarter of 2019. *Third quarter cash provided by operations of $735 million and year-to-date of $2.3 billion compared with $2.7 billion year-to-date in the same period of 2019. *Third quarter debt reduction of $760 million, bringing year-to-date 2020 to $1.1 billion.
The fourth sheeting line at the UPM Kymi paper mill started full production at the end of October, strengthening UPM’s position on the market for graphic fine paper sheets. The new sheeting line, comprised of a folio sheeter, conveyors and a packaging line further expands the paper production area of the UPM Kymi integrated mill site. The new line was built in a space previously used as a warehouse, specifically converted for this purpose. The project was safely and successfully completed despite restrictions of Covid-19. Start-up took place on 24 September and performance tests have been conducted throughout October. The new line will produce coated and uncoated graphic fine paper sheets.
January–September 2020 (compared to 1–9/2019) •Sales were EUR 1,416.4 million (1,453.4). •Comparable operating result was EUR 156.7 million (145.3) or 11.1% (10.0%) of sales. Operating result was EUR 162.7 million (160.8). •Comparable earnings per share were EUR 0.33 (0.32), and earnings per share were EUR 0.34 (0.36). •Comparable return on capital employed was 11.8% ( 11.0%). •Net cash flow from operations was EUR 226.7 million (110.9). July–September 2020 (compared to 7–9/2019) • Sales were EUR 471.2 million (489.2). •Comparable operating result was EUR 62.5 million (42.5), or 13.3% (8.7%) of sales. Operating result was EUR 62.5 million (42.5). •Comparable earnings per share were EUR 0.13 (0.09), and earnings per share were EUR 0.13 (0.09). •Comparable return on capital employed was 14.3% (9.7%). •Net cash flow from operations was EUR 74.4 million (43.8).
To offer our customers a full portfolio of packaging papers, UPM Specialty Papers has launched UPM SolideTM, a family of kraft papers that feature a versatile combination of strength as well as converting properties. All grades in the portfolio offer excellent printability to maximise the shelf impact of packaging. All papers in the UPM SolideTM family are recyclable in regular paper recycling stream. The UPM Solide portfolio offers a broad range of kraft papers to choose from, with substance ranging from 45 g/m2 up to 90 g/m2. Samples and trial reels of the UPM Solide portfolio are available. UPM SolideTM combines high strength and good printability. UPM SolideTM Smooth offers high printability with good strength. Excellent choice when you need the visuals of your product to make an impact. UPM SolideTM Strong offers excellent strength and good printability. The paper is free from optical brighteners, making it an excellent choice when you are looking to convey your natural image. UPM SolideTM Lucent is a natural white translucent paper with high strength properties. The smooth surface offers good printability and convertability.
J. C. Penney Company, Inc. announced that it has entered into an asset purchase agreement with Brookfield Asset Management, Inc, Simon Property Group and a majority of the Company’s DIP and First Lien Lenders. Key terms of the APA are as follows: *Brookfield and Simon will acquire substantially all of JCPenney’s retail and operating assets (“OpCo”) through a combination of cash and new term loan debt. *The formation of separate property holding companies (“PropCos”), comprising 160 of the Company’s real estate assets and all of its owned distribution centers, which will be owned by the Company’s DIP and First Lien Lenders. *The OpCo and PropCos will enter into master leases with respect to the properties and distribution centers moved into the PropCos (the “Master Lease Agreement”). JCPenney, Simon and Brookfield, and the Majority Lender Group have reached agreement on all outstanding business points in the Master Lease Agreement.
Carter’s is permanently shutting down hundreds of stores. The children’s apparel and accessories retailer announced that it plans to close 25 percent of its brick-and-mortar fleet, or about 200 locations, as the leases of those units expire. Speaking to analysts, Carter's CEO Michael Casey said that nearly 60 percent of those outposts will likely be shuttered by the end of next year and 80 percent will shut down by the end of 2022. Carter’s currently operates about 850 stores in the United States, Canada and Mexico under its namesake banner and OshKosh B’Gosh brand.
JANUARY–SEPTEMBER 2020 (1–9/2019) *Sales were EUR 3,698 million (4,183). *Operating result was EUR 279 million (342). Comparable operating result was EUR 274 million (418). *Result before taxes was EUR 242 million (298). The comparable result before taxes was EUR 236 million (374). *Comparable return on capital employed was 7.0% (11.0). *Cash flow from operations was EUR 419 million (421). JULY–SEPTEMBER 2020 (7–9/2019) *Sales were EUR 1,245 million (1,374). *Operating result was EUR 116 million (110). Comparable operating result was EUR 115 million (110). *Result before taxes was EUR 103 million (96). The comparable result before taxes was EUR 102 million (96). *Comparable return on capital employed was 8.8% (8.7). *Cash flow from operations was EUR 179 million (239).
The report describes Sun Chemical’s emphasis on sustainability in the way it develops, manufactures and distributes its products while also showing how it works with customers and suppliers to improve their sustainability goals. The 2019 report shares key research and development highlights and Sun Chemical’s contributions to a more sustainable future, such as: *a long-term strategic target to reduce manufacturing CO₂ levels by at least 30% by 2030 *waste reduction programs focused on improving the utilization of incoming materials, promoting recycling and optimizing the end of life of a product or material *a silver corporate social responsibility rating by EcoVadis, a 3rd party organization that measures a variety of categories, including environment, labor and human rights, ethics, and sustainable procurement *partnerships with various industry associations and consortia focused on large-scale sustainability objectives *products that are developed with bio-renewable raw materials *solutions designed to improve PET bottle recycling and composting
Domtar Corporation announced it has signed an agreement with Voith to provide equipment and technical services to convert the paper machine at its Kingsport, Tennessee, mill to produce recycled containerboard including high-performance lightweight packaging grades, as well as industry standard grades. In addition to being a full-line supplier to the paper industry, Voith is also recognized as a leader in the containerboard machinery business. The company will play an important part in Domtar's entry into the containerboard market by helping build one of the most modern recycled containerboard machines in the world, able to set industry benchmarks in recycled containerboard strength and convertibility.
Lecta has appointed Alain Gaudré as Lecta CFO. Starting on October 26th, he will be reporting to Eduardo Querol, Lecta CEO. Alain Gaudré will also be appointed as an additional member to the Board of Directors of Lecta Ltd. Alain Gaudré has been working as CFO across different industries, including the automotive and packaging industries, and is experienced within both the international and industrial environments.
Stora Enso has appointed Tobias Bäärnman, Chief Strategy and Innovation Officer, as a member of the Group Leadership Team. He joined Stora Enso in 2017, first as SVP Controlling, Strategy and IT for Consumer Board division. Since December 2019, he has worked as Chief Strategy and Innovation Officer. Before joining Stora Enso, he worked as Finance Director at Iggesund Paperboard and has earlier held various positions at Statoil and Procter and Gamble. He has a master’s degree in finance. Stora Enso has also appointed Teemu Salmi, CIO and Head of IT & Digitalisation, as a member of the Group Leadership Team. He joined Stora Enso in 2017. Previously, he worked at Ericsson in various executive positions, most recently as SVP and Head of business unit IT & Cloud in Middle East & Africa. He has a bachelor’s degree in computer science.
Q3/2020 compared with Q3/2019 • Net sales decreased by 8.0% to EUR 654.5 million (711.3), mainly due an adverse currency effect and lower average selling prices • Comparable EBITDA decreased to EUR 78.9 million (83.6), representing 12.1% (11.7) of net sales, impacted by scheduled maintenance shutdowns • Operating result of EUR 32.9 million (34.3) • Net result EUR 15.5 million (12.0). Q1-Q3/2020 compared with Q1-Q3/2019 • Net sales decreased by 9.9% to EUR 1,994.1 million (2,214.1), mainly due to lower average selling prices and volumes as well as an adverse currency effect • Comparable EBITDA increased to EUR 244.7 million (242.4), representing 12.3% (10.9) of net sales, driven by lower variable costs, which more than offset lower selling prices and sales volumes • Operating result of EUR 132.5 million (87.2), including a capital gain of EUR 32.0 million from the sale of the fine art paper business • Net result EUR 71.2 million (30.9)
Ahlstrom-Munksjö strengthens long-term strategy development and deepens its innovation and sustainability focus by extending the Group Executive Management Team. Mikko Lankinen has been appointed Executive Vice President, Corporate Strategy and Development, and a member of the Group Executive Management Team as of October 28 2020. He reports to Hans Sohlström, President and CEO. Mikko is currently Chief Development Officer, Corporate Development. Robin Guillaud has been appointed Executive Vice President, Innovation, Sustainability and Communication, and a member of the Group Executive Management Team as of October 28 2020. He reports to Hans Sohlström, President and CEO. Robin is currently Vice President, Business Development, Filtration & Performance Solutions business area.
Total Billings $1.1 billion (-9% y/y); Total Digital Billings $0.6 billion (+17% y/y excluding K-12); Total Adj. EBITDA $439 million (+1% y/y); Free Cash Flo $254 million (-$16 million y/y).
The coronavirus has been a life-changing event. We've never experienced anything like this before. Baby Boomers were young when polio was nearly eradicated with the Salk vaccine in 1955. At that time, very little was known about polio, which paralyzed and often killed young children. Science has greatly advanced since then. Even so, until we have a proven vaccine, the spread of COVID-19 will continue and the so called “new normal” will evolve and become even more of a reality with every day that passes. COVID-19 has brought about changes in ways we never imagined. Changes in the way we shop, how we work from home, homeschool our children, entertain ourselves, and so much more. What we wouldn't have imagined prior to the coronavirus is becoming the new normal today. Some of the changes we've made will revert back to the old way of doing things once the virus passes. Many of the changes will remain at least for an extended period of time. Many consumer catalog and online businesses have seen a significant increase in response to the way people shop during the coronavirus — i.e., “The COVID factor.” The increase varies by product category.
UPS announced third-quarter 2020 consolidated revenue of $21.2 billion, a 15.9% increase over the third quarter of 2019. Consolidated average daily volume increased 13.5% year over year. Net income was $2.0 billion for the quarter, 11.8% above the same period in 2019, or 10.7% on an adjusted basis. Operating profit was $2.4 billion, up 11.0% compared to last year’s third quarter, or 9.9% on an adjusted basis. Diluted earnings per share was $2.24 and adjusted diluted earnings per share was $2.28, up 10.1% from the same period last year. GAAP results include a pre-tax transformation charge of $44 million, equivalent to $0.04 per share. In the prior year period, GAAP results included a pre-tax charge for transformation costs of $63 million, equivalent to $0.06 per diluted share.
Wiley Education Services announced the signing of several new university partnerships this year including Calvin University, La Trobe University, Methodist University and University of New Haven, to support more than 45 undergraduate and graduate online programs across a variety of high-demand disciplines from healthcare to counseling and cybersecurity. “We are continuing to see an increased, proactive commitment to strategic online learning programs from universities, not for emergency support amid COVID-19, but to promote long-term success,” said Todd Zipper, President of Wiley Education Services. “We look forward to serving as a trusted partner to each university, delivering top-quality faculty training and career-focused education in subject areas that are critically needed now and will surely be essential to post-pandemic recovery.”
The latest industry studies estimate that as much as half of all food produced globally for human consumption is wasted every year. That is a staggering figure, particularly considering that around one in nine people on the earth do not have enough food to live a healthy life. Couple this with estimates that the global population will reach close to 9 billion people by 2050, and the need to reduce food waste to ease the strain on resources and agricultural land is more vital than ever. To look at where we can make a difference, we must first look at the food value chain. There are five steps in the process: production, handling and storage, processing and packaging, distribution and market and consumption. Emerging economies waste 40% of food during the first two steps of the value chain, while mature economies waste 40% of food during the last two steps. Processing and packaging lies in the middle of the value chain and has the potential to make an impact on both sides of the economic divide.
Engaging young people on the benefits of circular living and the circular economy is a key part of our ‘Now & Next’ Sustainability Strategy. As is supporting the local communities around our offices and paper mills. That’s why we have sponsored the launch of a new children’s book by the charity ‘Litter Angels’. Our sites across Europe do so much work to engage with our local communities. In a typical year we open our doors to school educational trips, our employees volunteer to teach the circular economy in classrooms, we organise community litter picks, and much more. As the second-largest recovered fibre-based paper operation in Europe, and one of the area’s largest employers, our Kemsley Paper Mill also supports a number of local and charitable initiatives, including Sheerness-based charity Litter Angels. Founded in 2008, Litter Angels aims to make the local environment a cleaner, greener place to live. Its main objective is to encourage young people to understand about the anti-social nature of litter and the damage it does to our environment. So we were delighted to provide a grant of £5,795 from the DS Smith Charitable Foundation to fund the charity’s second book which encourages primary school-aged children not to drop litter.
KeelClip™ and PaperSeal®, two award-winning packaging innovations from fiber-based packaging solutions leader Graphic Packaging International (Graphic Packaging), are being recognized again, this time at the at the Institute of Packaging Professionals' 2020 AmeriStar Packaging Awards. KeelClip, a replacement solution for plastic rings and shrink wrap on multipack cans, gathered the top awards in both sustainability and the beverages/alcoholic drinks category. PaperSeal tray, an alternative to modified atmosphere packaging and vacuum skin packaging, received the top award in the food/refrigerated category.
Net sales of $1.2 billion increased 2% as reported. Currency had a negative impact on total net sales of $12 million or approximately 1%. Net earnings were $132 million, or $0.85 per diluted share. Special Items, which were largely due to one-time net tax related benefits, contributed $5 million to net earnings. This compares to third quarter 2019 net earnings of $80 million, or $0.51 per diluted share, which were unfavorably impacted by $20 million of Special Items, including restructuring and restructuring associated costs of $15 million, net of tax.
Consider millennials as the poster children for sustainability. They’re the ones toting reusable fabric bags at your local farmer’s market and driving hybrid vehicles around town. If you think about it, it’s no surprise: they learned from the Greatest Generation, who founded Earth Day and turned environmentalism into actionable steps to preserve the planet. As millennials grab the environmentalism baton, their spending habits are expected to match their commitment to the planet. For example, one survey found that 75 percent of millennials look for and spend money on sustainable food products versus just 34 percent of Baby Boomers. As millennials spend serious cash on sustainable products across all industries — from food to cleaning supplies to wellness products — companies are quickly introducing products that appeal to their desire to protect the environment.
*GAAP net sales decreased 15.9%; non-GAAP organic net sales decreased 12.1% *GAAP income from operations was down $55.1 million versus the prior year primarily due to a $56.5 million increase in restructuring and other charges; current quarter included a charge for MEPP withdrawal obligations related to the LSC Communications (“LSC”) bankruptcy *GAAP loss per share from continuing operations of $0.13 included third quarter charges of $0.52 per share for restructuring and other *Operating cash flow, including discontinued operations, increased $40.1 million from prior year period, year-to-date improvement now at $113.0 million *Entered into definitive agreement to sell its Logistics DLS Worldwide business for $225 million, expected to close by year end *Launched plan to redeem $83.3 million of principal outstanding on Senior Notes due March 15, 2021
At Domtar, we are proud to be a part of the communities where we work, live and play. In many of these communities, the pulp and paper mill has influenced the development of the town and is often the area’s largest employer. Our Johnsonburg Mill is a great example of how a mill can shape a town. The Johnsonburg pulp and paper mill has been the backdrop and the backbone of this small Pennsylvania town since 1889. Boasting more than a century of partnership, the mill and the town have developed a symbiotic relationship. Click read more below for the rest of the story.
Net sales in the third quarter of 2020 were $1.6 billion compared to $1.7 billion in the prior year as net sales declined $76 million attributed to the divestment of ANZ. After adjusting for the sale of ANZ, average selling prices improved nearly 1 percent and increased revenue $12 million. Shipments increased 1.7 percent in tons, or $24 million, while unfavorable foreign currency translation reduced net sales by $11 million. Segment operating profit1 was $204 million in the third quarter of 2020 compared to $206 million in the prior year. Higher shipments benefited segment operating profit by $10 million. Cost inflation, which was elevated due to foreign currency pressures, more than offset the benefit of higher selling prices by $4 million. Operating costs were $6 million higher than the prior year as improved operating performance and cost control efforts substantially offset the impact of lower production levels. Current year profits were unfavorably impacted by the net effect of favorable foreign currency translation and the sale of ANZ.
Office Depot announced that over $3.5 million worth of educational supplies were recently provided to students, teachers and Title I schools across the country as a result of Office Depot’s charitable programs and the generosity of Office Depot and OfficeMax customers. Students at more than 25 Title I elementary schools received brand-new backpacks filled with traditional school supplies, with a total value at over $1.5 million, through Office Depot’s Start Proud!® national community investment initiative. The donated supplies, which included notebooks, composition books, highlighters, pens, pencils and more, were distributed to students during celebratory drive-thru and walk-up socially distanced celebrations at the start of the school year to help set them up for success. School administrators, teachers and Office Depot associates teamed up to host these events, which served as a fun kick-off to this unique new school year, filled with masked smiles and air high fives.
Financial Results • $106 million of operating cash flow from continuing operations, down $242 million year-over-year and up $72 million from the second quarter • $88 million of free cash flow, down $243 million year-over-year and up $73 million from the second quarter • $1.77 billion of revenue, down 18.9 percent year-over-year or 19.7 percent in constant currency and up $302 million from the second quarter • GAAP earnings per share (EPS) from continuing operations of $0.41 per share, down $0.27 yearover-year and up $0.30 from the second quarter, and adjusted EPS of $0.48, down $0.32 yearover-year and up $0.33 from the second quarter
Q3 2020 highlights • Sales decreased by 19% to EUR 2,028 million (2,493 million in Q3 2019) due to lower deliveries of graphic papers and lower pulp and paper prices • Comparable EBIT was EUR 215 million, 10.6% of sales (342 million, 13.7%), down 37% year-over-year • Operating cash flow was EUR 365 million (500 million) • Closures of UPM Chapelle paper mill and UPM Jyväskylä plywood mill • Announced the closure of UPM Kaipola paper mill, plans for selling UPM Shotton paper mill and streamlining in several businesses and functions. Q1–Q3 2020 highlights • Sales decreased by 18% to EUR 6,392 million (7,791 million in Q1–Q3 2019) due to lower deliveries of graphic papers and lower pulp and paper prices • Comparable EBIT was EUR 697 million, 10.9% of sales (1,061 million, 13.6%), down 34% year-over-year • Operating cash flow was EUR 659 million (1,256 million) • Net debt was EUR 89 million (-2 million)• UPM's transformative pulp project in Uruguay and biochemicals project in Germany are well on track with the planned start-up timeline
Packaging Corporation of America reported third quarter 2020 net income of $139 million, or $1.46 per share, and net income of $149 million, or $1.57 per share, excluding special items. Third quarter net sales were $1.69 billion in 2020 and $1.75 billion in 2019. Excluding special items, the ($.35) per share decrease in third quarter 2020 earnings compared to the third quarter of 2019 was driven primarily by lower prices and mix in our Packaging segment ($.36) and Paper segment ($.07), lower volumes in our Paper segment ($.33), higher scheduled maintenance outage costs ($.04), and higher freight expense ($.02). These items were partially offset by higher volumes in our Packaging segment $.22, lower operating costs $.20, and lower converting $.04 and other costs $.01.
Commenting on the results, Nigel Newton, Chief Executive, said: “Bloomsbury experienced excellent trading in the first half with year-on-year profit growth of 60% to £4.0 million. This has delivered our highest first half earnings since 2008 and exceeded the Board’s expectations. Online book sales and e-book revenues were significantly higher. The Consumer division had an excellent performance with 17% revenue growth and a £2.1 million increase in profit before tax and highlighted items to £2.7 million. Stand-out bestsellers during the period included Why I’m No Longer Talking to White People about Race, Crescent City: House of Earth and Blood, White Rage, Humankind and Such A Fun Age. In the Non-Consumer division, our strategy of developing online academic resources, conceived five years ago, meant we were well placed to benefit from the accelerated shift by academic institutions to digital products to support remote learning. We saw 47% growth in sales of Bloomsbury Digital Resources as a result.
HH Global has acquired Genii, an Australian owned marketing services provider. Genii was established in 2010 as a full service marketing execution business specialising in the provision of innovative, cost effective and strategic services to the retail sector. The company was founded by Marcus Smith and Layton Parslow and headquartered in Sydney. The acquisition will deliver significant value to the clients of both HH Global and Genii, through the strength of their combined proposition and scale. Existing Genii clients will benefit from HH Global’s worldwide reach, market-leading IP/Technology and significant support infrastructure, while HH Global are able to further enhance their offer to the retail and FMCG sectors and accelerate growth within their Australian business.
S&P Global today reported third quarter 2020 results with revenue of $1,846 million, an increase of 9% compared to the same period last year. Net income decreased 26% to $455 million and diluted earnings per share decreased 25% to $1.88 primarily due to the debt tender premium and fees associated with the recent senior notes tender offer. "S&P Global has a collection of strong and resilient businesses that continued to perform well in the current environment. The demand for our ratings, benchmarks, research, data, and analytics is greater than ever during uncertain and volatile markets," said Douglas L. Peterson, President and Chief Executive Officer of S&P Global. "Two years ago, we established a number of growth initiatives. It is very encouraging to see so many of these investments result in new products that we have launched this year. This is particularly true with our ESG investments and the traction that our new ESG products are gaining in the marketplace."
DS Smith Tecnicarton has received the Liderpack Award in the category 'best logistics and distribution packaging' for its latest innovative design, a telescopic lid valid for different packaging lengths. The system is made up of two joined sections and is equipped with several side tabs whose locking at different lengths allows the lid to be lengthened and shrunk and adapted to different dimensions. In this way, with a single element, multiple packaging references can be covered, which optimises storage space, promotes the reduction of stock costs and simplifies reference management.
Jeff Melucci, currently Senior Vice President, Business Development and General Counsel, has been named as Chief Transformation, Business Development and Legal Officer, adding responsibility for the company's transformation roadmap for further building its global organizational capabilities. This expanded role assumes the responsibilities of Achal Agarwal, who has announced his intent to retire at year end after 12 years with Kimberly-Clark and a nearly 40-year career. Melucci will continue to report to Mike Hsu, Kimberly-Clark Chairman and CEO. In addition, Gonzalo Uribe has been named as President of Kimberly-Clark's Latin American consumer business, and will also report to Hsu, with responsibility for the company's consumer operations across Latin America.
Sustainable packaging, which means replacing plastic with paper wherever possible, is not just a question of material availability. While flexible packaging paper may well be threatening to displace plastic packaging, both materials still have to share the same machines for the time being. Questions concerning changeover times and even machine conversions and, above all, process reliability in processing are therefore of primary importance for machine operators. Eckard Kallies, Head of the Flexible Packaging Paper Division at the Koehler Paper Group, explains: "We know just how much pressure the consumer is exerting when it comes to greater sustainability. As a supplier to the packaging industry, we have therefore entered into a strategic partnership with Syntegon, a globally leading processing and packaging technology provider. Although people are demanding to see an instant revolution in terms of greater sustainability, this is only possible by taking an evolutionary path. To ensure that we move step by step in the right direction, Syntegon and the Koehler Paper Group are strategically combining their knowledge."
Companies in the pressure-sensitive labeling industry have announced a new global industry-wide consortium, CELAB: Creating the Circular Economy for Labeling. UPM Raflatac is acting as one of the key collaborators in CELAB to boost matrix and liner recycling in the pressure-sensitive labeling industry. The consortium aims to facilitate collaboration between companies from around the world and across the supply chain to drive progress on and promote solutions for matrix and release liner recycling. “Our RafCycle recycling service has been developed over the last 10 years and it gives label release liner waste a new life as release liner, face papers, magazine paper and composite material. By bringing our long experience to CELAB, we aim to drive the industry's shift towards the circular economy together with multiple players in the value chain. Furthermore, we aim to accelerate RafCycle development further by strengthening our service offering,” says Juha Virmavirta, Director, RafCycle solutions, UPM Raflatac.
The PRINTING United Digital Experience officially begins on Monday, October 26, with daily programming taking place between 10 am – 2 pm ET through November 12. Registration is free to the entire schedule of daily events at digital.printingunited.com. Attendees can now register and bookmark anticipated sessions, by market segment, and gain access to new product debuts, research, education, case studies, whitepapers, and a complete resource library – all on-demand, anytime, through January 2021. Attendees need only register once to have unlimited access to all content. Over 80 countries are already represented in registration to date. Daily Guides will also be provided each day of the event to highlight the focused topic agenda and new products available from each of the Digital Experience partners. more info at: https://whattheythink.com/news/103034-printing-united-digital-experience-begins-week/?utm_source=newsletter&utm_medium=email&utm_campaign=daily
Effective with all orders shipping on or after November 1, 2020, Verso Corporation is increasing the transaction price of all pulp products by $30.00 per metric tonne. This increase includes but is not limited to, Quinnesec® Hi-Maple BHK Pulp. Should you have any questions, please contact your Verso professional sales representative. Thank you for your continued support.
Unit sales of print books increased 13.4% in the week ended Oct. 10, 2020, over the comparable week in 2019, with three new titles topping the bestseller list. The two biggest bestsellers were in adult nonfiction, helping to lift unit sales 10.9% over the week ended Oct. 12, 2019. Ina Gartner’s Modern Comfort Food sold more than 130,000 copies in its first week, while Humans by Brandon Stanton followed, selling almost 103,000 copies. Juvenile fiction sales rose 17.1%, led by The Tower of Nero by Rick Riordan, which sold about 49,000 copies in its first week. YA nonfiction sales jumped 71.4% in the week. Three new titles in the Complete Guide in Ten Easy Lessons line from Simon & Schuster’s Portable imprint drove the gains: Engineering Made Simple, Science Made Simple, and Math Made Simple each sold more than 6,000 copies in its first week. Five new titles took the second through sixth spots in adult fiction, where sales rose 9.2%.
Gap Inc., which was for decades a fixture at shopping malls around the country, said Thursday that it will be closing 220 of its namesake Gap stores — or one-third of its store base — by early 2024. That will result in 80 percent of its remaining Gap stores being in off-mall locations. As part of its restructuring, Gap Inc. said it also plans to close 130 of its Banana Republic stores in North America in three years. The retail organization detailed a three-year plan that calls for closing what amounts to 30 percent of the company’s Gap and Banana Republic stores in North America and focusing on outlets and its e-commerce business.
The U.S. Postal Service provided new service performance data this week to the House Committee on Oversight and Reform and the Senate Homeland Security and Governmental Affairs Committee for the week of Oct. 10 through Oct. 16, 2020. Key performance indicators for the week of Oct. 10 include: *First-Class Mail: 85.58 percent of First-Class Mail was delivered on time, a 0.57 percent decrease from the week of Oct. 3 *Marketing Mail: 86.00 percent of Marketing Mail was delivered on time, a 3.17 percent decrease from the week of Oct. 3 *Periodicals: 77.43 percent of Periodicals were delivered on time, a 1.11 percent decrease from the week of Oct. 3
There are more and more reasons to replace the plastic Bag for Life with one in paper when you go shopping. BillerudKorsnäs and AB Group Packaging therefore proudly present the reusable paper bag, one of the world´s strongest paper bags now available in UK Supermarkets. The secret behind the power of the Reusable Paper bag is the raw material called FibreForm®“RPET, fabric or PP reusable bags have long been available for consumers but can now be replaced by a Reusable bag made of FibreForm®, says Veronica Fylkner, Sales Manager, Formable Solutions at BillerudKorsnäs. “FibreForm® is one of the strongest kraft papers in the world. It’s been on the market for a while and we are still exploring its full potential. We see several new applications we can develop with FibreForm® and we are eager to replace less sustainable materials and solutions. It is a journey that we are pleased to be on as we can help decrease the amount of plastics and aluminium in different applications on the market” says Veronica Fylkner.
Accelerated by recent events, e-commerce sales continue to boom as today’s consumers purchase more of the products they use every day online — from the clothes they wear to the meals they eat. Unfortunately, this has increased concerns about unnecessary packaging waste and ever-greater levels of plastic pollution. Enter the paper freezer pack, which may one day replace plastic freezer packs for use in shipping refrigerated products. Domtar’s Catapult team recently revealed its paper freezer pack, an internally-developed potential solution to the issues posed by conventional cold chain offerings. Not only does the pack reduce plastic use, but it also capitalizes on mounting public interest in products made from sustainable wood fiber. The majority of this revolutionary paper freezer pack is made of forest-derived fiber, including paper, tissue and fluff pulp.
Total European shipments of graphic papers in August 2020 were down 24.5% vs. August 2019 and are down 20.6% year-to-date. Total European shipments of newsprint in August 2020 were down 25.0% vs. August 2019 and are down 18.3% year-to-date. Total European shipments of sc-magazine in August 2020 were down 21.3% vs. August 2019 and are down 20.1% year-to-date. Total European shipments of coated mechanical reels in August 2020 were down 32.2% vs. August 2019 and are down 28.1% year-to-date. Total European shipments of uncoated mechanical (improved & others) in August 2020 were down 13.4% vs. August 2019 and are down 9.8% year-to-date. Total European shipments of coated woodfree reels in August 2020 were down 33.1% vs. August 2019 and are down 26.8% year-to-date. Total European shipments of uncoated woodfree reels in August 2020 were down 15.7% vs. August 2019 and are down 15.8% year-to-date.
Kotkamills, a manufacturer of fully recyclable food service board, is currently exploring the possibility of establishing its own sales office in the North America. The launch of production in the still growing North American food packaging market is also being explored. “There is great interest in our products as alternatives to replace plastic also in North America, and by establishing a sales office we are pursuing growth in these huge markets. By operating close to the markets we can improve our customer service and, when needed, growth is supported by production built or acquired close to the markets. Starting our own production in North America is a vision, and the first steps in exploring it have already been taken,” says Kotkamills CEO Markku Hämäläinen.
Nine Dragons Paper Limited is pleased to announce the audited consolidated annual results of the Company and its subsidiaries for the twelve months ended 30 June 2020. * Record high sales volume; a year-on-year increase of 8.5% to approximately 15.3 million tonnes * Net profit1 was RMB 4.2 billion; a year-on-year increase of 7.5% * Gross profit margin of 17.6%, a year-on-year increase of 2.0 percentage points * Net profit margin of 8.1%; a year-on-year increase of 1.0 percentage point
More than 30,000 gallons of pulping chemicals from the ND Paper mill in Old Town leaked into the Penobscot River earlier this month, violating state and federal laws, according to the Maine Department of Environmental Protection. The mill suspended production after discovering that chemicals were spilling into the river through a ruptured underground sewer line and a failed floor drain on Oct. 7. It appears the spill happened periodically over a six-day span, said Brian Kavanah, director of the state agency’s bureau of water quality. The mill reported the leak to the Department of Environmental Protection, which helped with the spill cleanup and repairs to the infrastructure the following day.
Tango Press, headquartered in Springdale, AR, opened in 2016 as an all-digital production plant for corrugated packaging and displays. The company has a reputation in the marketplace for providing high-impact packaging and displays that meet customers’ unique needs, timeframe, and price points. “The acquisition of Tango Press is a perfect complement to The BoxMaker and our web-to-print brand, Fantastapack.com. This addition gives us the opportunity to expand our reach and improve product distribution for digitally printed and finished packaging to businesses throughout the United States,” said Richard Brown, President and Co-Owner of The BoxMaker. “As an all-digital production plant, Tango Press’ business model and culture are a natural fit for The BoxMaker and we look forward to the expanded benefits that our combined facilities will deliver to clients.”
Grainger reported results for the third quarter 2020 with sales of $3.0 billion, up 2.4% and up 4.6% on an organic daily basis compared to the third quarter 2019 driven by significant share gains in the U.S. segment and strong growth in the endless assortment businesses. Daily sales for the quarter increased 2.4% as compared to the 2019 third quarter. Organic daily sales, which exclude revenues from the divested Fabory and China businesses from the prior year results, increased 4.6% as compared to the 2019 third quarter. These sales increases were fueled by share gains in the U.S. segment and significant growth in the endless assortment businesses which more than offset declines in the Canada segment. Reported and adjusted gross profit margin for the third quarter of 2020 was 35.6%. This compares to reported and adjusted gross profit margin in the third quarter of 2019 of 37.3%. The unfavorable variance was driven by pandemic-related mix headwinds, particularly noticeable in our U.S. segment, and the continued business unit mix impact from the faster growth in our lower-margin endless assortment businesses.
As visual creatures, we are compelled by what we see. Images draw our attention. They hold our interest. They spark our memories, our emotions. They move us to react, and to act. As marketers, we strive for breakthrough creative moments with our audience. We want to make an instant impression and invite them into our world. Photography, a moment captured in time, is a tremendous asset that tells the story of a brand. Photography can often be your biggest investment. And it can easily be your biggest impact. Here are three ways to make photography tell your story - go to: https://www.jschmid.com/blog/breakthrough-creative-photography/
Overview • Third quarter of 2020 reported operating income of $300 million, adjusted operating income of $347 million • Record-high adjusted lumber earnings of $387 million, driven by unprecedented surge in lumber prices and strong operational performance across all regions despite the impact of the coronavirus pandemic • Total net debt of $526 million at September 30, 2020, improvement of $331 million from prior quarter; available liquidity of $1.1 billion; net debt to capitalization of 18.6% at September 30, 2020 • Vida Group (“Vida”) completed acquisition of Bergs Timber Production AB (“Bergs”) sawmill assets • Cumulative cash deposits of $548 million on countervailing and anti-dumping duties at September 30, 2020
The Company reported an operating loss of $27.6 million for the third quarter of 2020, compared to an operating loss of $6.3 million reported for the second quarter of 2020. After adjusting for a $3.0 million recovery in its inventory write-down provision, the Company’s operating loss was $30.6 million for the third quarter of 2020, $32.5 million unfavourable compared to similarly adjusted results for the second quarter of 2020. The Company’s operating results for the third quarter of 2020 reflected weak global pulp market conditions as well as significant fibre-related and previously deferred scheduled maintenance downtime, stemming from the ongoing impact of the coronavirus (“COVID-19”) outbreak, combined with a 3 cent, or 4%, stronger Canadian dollar.
Delhaize Belgium, the leading supermarket chain, has optimized its packaging process to meet the increased demand for home deliveries in partnership with DS Smith, the leading sustainable packaging provider. By creating its new Direct Box, the retailer could reduce the CO2 emissions with more than 87 tons. Nico Buelens, Project Manager Ecommerce Operations of Delhaize explains: "The new Direct Box is an innovative reusable corrugated tray. It incorporates built-in reinforcement on the handles, thisensures an extra strong Direct Box.
ePac Flexible Packaging has announced the launch of ePacConnect. ePacConnect leverages the power of digital printing to create serialized, trackable packaging, and new ways for brands to engage consumers, gain market insights and protect their brand. ePac will offer all its customers an entry-level no-cost solution, ideal for small and medium-sized brands, as well as a fee-based solution for customers with broader requirements. ePacConnect will be piloted in Q4 2020 in the US and Europe, with a full roll-out to all ePac locations planned in early 2021. All customer orders received by ePac will include smart, serialized secure QR codes on every package or the brand can opt-out and no codes will be printed. By serializing each package it is automatically digitally enabled, given a unique digital identity, and can be “activated” at any time to give brands flexibility for how and when the codes are used.
E-commerce sales jumped a whopping 49 percent in April in response to COVID-19, and since then, online retailers have been scrambling to keep up with the increased demand in shipments. In addition to using more boxes or bags, there is also more in-the-box protection used to make sure the package contents make it safely to its destination. If the materials are not properly disposed of, this additional packaging may lead to a rise in consumer waste. In spite of all this increased consumption, online shoppers still care about the environmental impact of their purchases. In a recent survey, 83 percent of consumers said they considered the environment at the checkout screen, including the excessive waste it might be generating, and the increase in their carbon footprint. In that same study, 78 percent of respondents said that companies could be doing more to mitigate packaging waste. More and more brands are becoming conscious about their impact on the environment. Eco-friendly products in fashion, personal care, and other sectors have been popular for years. But now those same values are being extended to their packaging and fulfillment strategies, and mainstream companies are joining them. Here are 7 brands using sustainable packaging to make a lasting impact on consumers: click read more below
The American Forest & Paper Association (AF&PA) President and CEO Heidi Brock issued the following statement regarding the Environmental Protection Agency (EPA) New Source Review (NSR) project emissions accounting (PEA) rule, which was finalized today. “The EPA recognizes the need for sensible NSR accounting procedures that will provide a clear and concise approach to air permitting under the Clean Air Act. The PEA rule, by allowing increases and decreases in emissions to be counted together, will exclude minor projects from a burdensome and time-consuming permitting process. This NSR rule is part of a broader EPA effort to modernize an antiquated and complicated system and ensure the global competitiveness of American manufacturing. AF&PA commends the EPA’s efforts to advance regulatory process reforms, such as this, to support our industry’s ability to innovate, invest and create American manufacturing jobs.”
Iggesund Sawmill is being modernised to allow for an increase in production. Holmen is currently investing SEK 70 million in a new drying plant which will increase its drying capacity from 400 000 to 500 000 m3. The new drying plant is what is known as a tunnel dryer. It is much more energy efficient than the old kiln dryers which it will partly replace. The greater drying capacity will primarily be used for dried wood products for the joinery industry. In addition to investing in new dryers, the group had previously agreed to invest in land for timber storage and warehouse space.
Encase operates two integrated corrugated packaging plants in England and one sheet plant in Scotland. VPK will merge Encase with its UK corrugated operations, formerly known as Rigid Containers. The combined businesses are expected to achieve yearly sales of more than £200m in corrugated packaging and sheets. All six corrugators combine a yearly containerboard consumption of 300,000 tons, which represents a major part of the non-integrated recycled containerboard consumption in UK.
National Average Price for Regular Unleaded Current: $2.166; Month Ago: $2.193; Year Ago: $2.628. National Average Price for Diesel Current: $2.377; Month Ago: $2.401; Year Ago: $2.996.
American Dollar to Canadian Dollar = 0.762011; American Dollar to Chinese Yuan = 0.149769; American Dollar to Euro = 1.185865; American Dollar to Japanese Yen = 0.009554; American Dollar to Mexican Peso = 0.047878.
O-I Glass, Inc. and Germany’s Krones AG signed a strategic collaboration agreement that aims to elevate glass by innovating together and to jointly create solutions for the growing glass market. “For O-I, glass is the preferred packaging solution in a world that increasingly values health, premium products and the environment. Not only does it maintain the integrity of the products and protects the environment, as customers and consumers intend, but it also offers magnificent opportunities for establishing brands and implementing sustainable solutions,” explains Andres Lopez, President and CEO at O-I. “This agreement is the first step that O-I and Krones are taking together in order to offer clients completely integrated, end-to-end solutions in the future.” Focus areas include improvements in glass filling and packaging line speed and efficiency; enhanced agility and flexibility of responding to market trends; development of innovative and sustainable glass systems; and advancements in digital solutions such as direct-to-glass digital printing technology.
UPM and the Guides and Scouts of Finland have initiated a cooperation in order to increase the dialogue and understanding between young people, companies and policy makers especially on topics concerning climate change and responsibility. UPM finds it important to understand the expectations of its stakeholders and to constantly develop its operations increasingly sustainable. "The concern about climate change is growing, especially amongst young people, which is why we want to contribute to the constructive discussions about solutions and alternatives. This long-term collaboration aims to organise joint events and to build a dialogue between young people, experts and policy makers in different ways", says Saara Tahvanainen, Vice President, Stakeholder Relations at UPM Biorefining.
Q3 2020 in brief • Net sales decreased 1% to EUR 847 million (EUR 855 million) • Adjusted EBIT was EUR 86 million (EUR 72 million); reported EBIT was EUR 65 million (EUR 68 million) • Adjusted EPS was EUR 0.56 (EUR 0.45); reported EPS was EUR 0.43 (EUR 0.41) • Comparable net sales growth was 2% at Group level and -2% in emerging markets. Q1-Q3 2020 in brief: • Net sales decreased 1% to EUR 2,489 million (EUR 2,524 million) • Adjusted EBIT was EUR 229 million (EUR 218 million); reported EBIT was EUR 217 million (EUR 213 million) • Adjusted EPS was EUR 1.46 (EUR 1.40) reported EPS was EUR 1.40 (EUR 1.36) • Comparable net sales growth was -1% at Group level and -6% in emerging markets
Luxe Interiors + Design is celebrating its 15-year anniversary with a redesign, debuting in the November/December 2020 issue. Owned by Sandow, Luxe magazine is helmed by Pamela Jaccarino, who has served as founding editor in chief since the publication's launch in 2005. “At our 15-year anniversary mark, Luxe is looking boldly toward the future with optimism, enthusiasm and a refreshed new logo and redesign,” Jaccarino stated. The redesign, which is exclusively for the print magazine, includes updated, clean layouts and new cover designs to highlight Luxe’s regional editions.
Wallaceburg Bookbinding & Manufacturing Co. Ltd. has joined Two Sides North America, the non-profit organization that promotes and encourages the responsible production, use, and sustainability of print, paper, and paper-based packaging. “Albeit on a different scale, I believe printed books still have a place in this digital world. One cannot deny the benefits of using an actual book for learning purposes. Students should have the choice to utilize the best option for their learning needs, goals, and skillset. We advocate for the option of the printed book and feel that partnering with Two Sides is a good fit for our company mission,” said Suzanne Wiersma, Director of Operations, Wallaceburg Bookbinding & Mfg. Co. Ltd.
We are pleased to present the Two Sides Q3 Campaign Update 2020. Never has there been such widespread attention of the environmental credentials of the products and materials we use. A seismic shift is happening in both public and business attitudes towards sustainability. More people than ever appreciate that paper can be an environmentally sound choice for reading materials, communications, and packaging solutions. But, there is still a significant underestimation of just how sustainable paper and paper-based packaging is. It’s making our work at Two Sides more important than ever. Especially when we speak to consumers via our Love Paper campaign. The awareness of the Love Paper campaign is growing. We are continually seeing more visitors to our website (lovepaper.org). This year to date, we have had 15,000 website visitors, 30,000 website page views and gained over 2,500 social media followers.
Net sales for the third quarter of 2020 were $1.31 billion, down 3.1 percent from last year's third quarter sales of $1.35 billion. The sales decline was driven by lower volume/mix, a stronger U.S. dollar and lower selling prices. These negative impacts were partially offset by sales added from acquisitions. GAAP net income attributable to Sonoco in the third quarter was $83.4 million, or $0.82 per diluted share, a decrease of $8.6 million, compared with $92.1 million, or $0.91 per diluted share, in 2019. Gross profit was $257.0 million in the third quarter compared to $265.5 million in the same period in 2019. Quarterly gross profit as a percentage of sales was essentially flat year over year at 19.6 percent. Third-quarter selling, general and administrative expenses increased $5.8 million from the prior year to $126.1 million.
R.R. Donnelley & Sons Company introduced Touchless World by RRD™, a comprehensive set of solutions that leverage the power of dynamic, strategically located, scannable smart tags designed for smartphone engagement. According to a recent consumer survey from the Shekel Group, 87% of consumers prefer shopping in stores with touchless or robust self-checkout options during the COVID-19 pandemic. Even before the virus went global, contactless options were expected to grow by 200% by 2025. RRD’s Touchless World solutions are designed to make consumers feel safe throughout the entire shopping experience, up to and including payments. With Touchless World by RRD, every brand touchpoint can be contactless — and capable of activating powerful data, delivering contextual, personalized messaging.
Key highlights: *Stable sales volumes despite challenging markets *Successfully accomplished maintenance shutdowns *Accelerated delivery of the cost and efficiency programme *Strong operating cash flow generation *Recyclable Flow Wrap launched. Quarterly data: *Net sales declined by 5% to SEK 5 561 million (5 833). Excluding currency effects sales declined by 3% *Operating profit was SEK 86 million (149) *Net profit from continuing operations was SEK 52 million (77) *Earnings per share amounted to SEK 0.25 (27.83)**
Sales of $4.7 billion in the third quarter of 2020 increased 1 percent compared to the year-ago period. Organic sales increased 3 percent, while changes in foreign currency exchange rates reduced sales 2 percent. Volumes rose 2 percent and the combined impact of changes in net selling prices and product mix increased sales 1 percent. In North America, organic sales increased 8 percent in consumer products but fell 15 percent in K-C Professional. Outside North America, organic sales rose 2 percent in developing and emerging markets and 3 percent in developed markets. Third quarter operating profit was $666 million in 2020 and $915 million in 2019. Results in both periods include charges related to the 2018 Global Restructuring Program. Results in 2019 also include a gain on the sale of a manufacturing facility as part of the restructuring.
Mondi’s Sustainable Development report 2019 is named in the ‘Top Performer’ category, honouring the top ten overall reports, from an annual review of the sustainable development reporting of leading global companies by WBCSD. "Setting ambitious targets and being transparent on how we report on our progress and performance are two compelling steps companies can take to help create a sustainable future. At Mondi, sustainability is intrinsic to how we do our business, so we are delighted that our efforts to produce exceptional reporting have been recognised once again." Gladys Naylor, Group Head of Sustainable Development
Norske Skog’s EBITDA in the third quarter of 2020 was NOK 73 million, a slight increase from NOK 52 million in the second quarter of 2020 when excluding the gain of NOK 86 million from the sale of the Tasmanian forest. Although, there are modest signs of demand improvement, the markets have not returned to pre-COVID-19 levels. Norske Skog Saugbrugs (Norway) will permanently cease production at one of their SC-machines (PM5/100 000 tonnes) during the fourth quarter. Operating earnings in the third quarter of 2020 were NOK -31 million compared to operating earnings of NOK -122 million in the second quarter of 2020, mainly driven by a modest sales volume increase. Net loss in the quarter was NOK 89 million compared to a net loss of NOK 59 million in the previous quarter.
Pelican Lake First Nation and Witchekan Lake First Nation and Paper Excellence Canada announced today the signing of a Letter of Intent that sets out the intentions of all parties to build a collaborative relationship with each other in Saskatchewan. “We now have agreements with all the industries around us,” said Chief Peter Bill of the Pelican Lake First Nation. Chief Anne Thomas of the Witchekan Lake First Nation added, “First and foremost in establishing a partnership is standing on common ground with a vision based on positive values. Touring the mill gave me an insight to possible opportunities.”
At the height of the “shutdown” that began in late February, retailers were very unsure how COVID-19 would impact their business, their employees’ lives as well as their personal lives. Many brands reduced print, cut expensive marketing programs, and went to remote working almost immediately. There is no overstating the overwhelming effects of the COVID-19 pandemic on our personal and professional lives. Now that we have nine months behind us, what have we learned? Well, the American consumer generally doesn’t stop shopping; they just shop differently. It’s vital to understand and recognize that your customers’ needs change during a disruption of this magnitude, and it’s incumbent on the brand to respond by fulfilling them in unique ways. When brands better understand the nuances of changing customer behavior, there is opportunity to react differently to drive a stronger position to offer relevant and timely merchandise messaging and thus drive stronger demand. Read the entire assessment at: https://cohereone.com/wp-content/uploads/2020/10/CH1-Web-Analytic-Trends-through-Sep-2020-V4.pdf?utm_medium=email&_hsmi=97834829&_hsenc=p2ANqtz--ajRGVYmJUx1IK214btnKyNtdBwwQX0Mg1LKSKPHHeTrbVpn9ygCUT_rM3QV7k7tKv1-A5ld_NZWXXaswXjD_g5v1Uiul5ODlxbl8QbcyQlIAUpqI&utm_content=97834829&utm_source=hs_email
PMMI, The Association for Packaging and Processing Technologies, announced the continued growth of its membership, adding 21 new companies this Fall, bringing active membership to 943. “The addition of 21 new members demonstrates confidence in PMMI’s ability to provide timely resources that drive the packaging and processing industry forward. We are committed to adding value to our members’ businesses so they can stay competitive and adjust to our constantly changing climate,” says Glen Long, senior vice president, PMMI. “Now more than ever, we are excited about our growth and look forward to continuing to support our membership.”
Worzalla and Bria Bella & Co., a local women’s apparel store, combined efforts to collect socks for families in need during their “Socktember” campaign. During the month of September, associates at both companies solicited donations of socks to help supply this basic need to families ahead of the winter holidays. More than 500 pairs of socks were collected and donated to the Stevens Point Area School District, where District social workers will distribute to children and families who need them. “If I came across a family who needed anything, from socks to toiletries, I would drop these items off to these families to help them stay warm and healthy,” said Peg Bach, recently retired School Social Worker for Stevens Point Area School District who participated in the campaign. “This donation of socks will keep more than 500 pairs of feet warm this winter, thank you to Worzalla and Bria Bella & Co.”
Third Quarter 2020 Results: Net sales were $1.73 billion, down 1.8%. Sales were down 1.3% ex. currency, and down 3.6% on an organic basis. Reported operating margin increased 100 basis points to 12.3%. Adjusted EBITDA margin increased 190 basis points to 16.1%, while adjusted operating margin increased 140 basis points to 13.1%. Reported net income was $1.79 per share, up 5%, and adjusted net income was $1.91 per share, up 15%, both of which were above the company’s expectations, reflecting a sales decline below the low end of its outlook range in July. Year-to-date free cash flow was $342 million, up 4.4% compared to the same period last year.
UPM Biocomposites and Finnish Mysoda have collaborated to create a range of sparkling water makers made almost entirely out of renewable materials. Traditionally, small kitchen appliances are made out of fossil-based plastics, so this innovation takes the sustainability of this type of product to a completely new level by substantially reducing the carbon footprint of the product. The raw material used for the Mysoda sparkling water makers is UPM Formi EcoAce biocomposite, which is made of wood fibres and renewable based biopolymer (on a mass balance basis), derived from UPM BioVerno naphtha. The materials originate from sustainable forestry and are produced from wood and pulp processing side streams and residues. Therefore, the raw material does not compete with food production and does not increase harvesting. Although composed of natural fibres, the UPM Formi EcoAce has similar material properties as fossil-based plastics and similar moulding technics can be used with it. The look and feel bears some similarities with wood as the wood fibres contained within create a natural finish for the end product.
UPM will establish a new labor markets team which will start its activities in the beginning of December. The background to the decision is the announcement of the Finnish Forest Industries Federation to discontinue the collective bargaining in the Finnish labor markets at the end of the ongoing agreement period. UPM aims to strengthen the company’s own capabilities in labor market matters and company specific bargaining. Jyrki Hollmén, LL.M., has been appointed Vice President, Labor Markets, as of 1 December 2020. He will report to Riitta Savonlahti, Executive Vice President, HR and will be a member of UPM HR Management Team. Jyrki’s current position is Director, Labor Markets in Finnish Forest Industries Federation. Mikko Lehtonen, LL.M., is appointed Legal Counsel, Labor Markets, as of 16 November 2020. He will report to Jyrki Hollmén. Mikko is currently working as a Manager, Collective Bargaining in Finnish Forest Industries Federation.
Gap has what it takes to win again. With strong brand awareness and a large, active customer base, we are focusing on harnessing the power of Gap brand in asset-light ways. Going forward, we will look to transform our business model through partnerships that grow and amplify our global reach. Today, we shared with our team that we are starting a strategic review of options for our Gap business in Europe. One of the options being explored is the possible closure of our company-operated Gap stores in the United Kingdom, France, Ireland and Italy at the end of the second quarter in 2021. In addition, we are reviewing our warehouse and distribution model and our Gap and Banana Republic company-owned e-commerce operations in Europe. A possible outcome is the closure of our EU distribution center in Rugby.
J. C. Penney Company, Inc. announced that it has filed a draft asset purchase agreement, which tracks the terms of the previously announced letter of intent, to sell JCPenney. All parties are working to conclude negotiations and intend to utilize the ongoing mediation process to help achieve that goal. Key terms of the draft APA are as follows: *Brookfield Asset Management, Inc (“Brookfield”) and Simon Property Group (“Simon”) will acquire substantially all of JCPenney’s retail and operating assets (“OpCo”) through a combination of cash and new term loan debt. *The formation of separate property holding companies (“PropCos”), comprising 160 of the Company’s real estate assets and all of its owned distribution centers, which will be owned by the Company’s Debtor-in-Possession and First Lien Lenders. *The OpCo and PropCos will enter into a master lease with respect to the properties and distribution centers moved into the PropCos.
Ford Motor Co. is establishing the Bronco Wild Fund with the goal of helping off-road enthusiasts enjoy the wilderness responsibly through preservation, education and access programs. The efforts will be funded by a portion of the proceeds from every Bronco sold. Bronco brand’s endowment is targeted to raise up to $5 million annually for reforestation, trail management, outdoor adventure and scholarship programs through nonprofits dedicated to the preservation of the outdoors. The initial commitment also includes planting 1 million new trees by the end of 2021. The automaker has created a dedicated website for the effort.
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 6.7% in September after declining 5.3% in August. In September, the index equaled 115.1 (2015=100) compared with 107.9 in August. “September had a nice recovery after a significant decline in August,” said ATA Chief Economist Bob Costello. “The truck freight market continues to be bifurcated, with strength in retail and home construction, but some continued weakness in industrial freight. During the third quarter, truck tonnage increased 2.4% over the second quarter, but fell 5.3% from a year earlier.” August’s decrease was revised up to -5.3% from our September 22 press release.
In a new sustainability report, Pactiv Evergreen has announced a new goal that by 2030, 100% of its products will be made with recycled, recyclable or renewable materials. “Consumers and brands are increasingly looking for sustainable packaging solutions. Pactiv Evergreen is committed to meeting those market demands,” said John McGrath, the company’s CEO. “We are nearly two-thirds of the way towards our goal based on 2019 net revenues, and in the next decade, we will work to achieve that 100% goal.” The report further outlines a comprehensive sustainability strategy, which includes a new vision, mission and pillars that ground the company’s current and future initiatives.
Silgan Holdings Inc. reported record third quarter 2020 net income of $112.9 million, or $1.01 per diluted share, as compared to third quarter 2019 net income of $81.3 million, or $0.73 per diluted share. Net sales for the third quarter of 2020 were $1.49 billion, an increase of $167.2 million, or 12.7 percent, as compared to the same period in the prior year. This increase was the result of higher net sales in all of the businesses. Income before interest and income taxes for the third quarter of 2020 was $174.0 million, an increase of $41.3 million as compared to $132.7 million for the third quarter of 2019, and margins increased to 11.7 percent from 10.0 percent for the same periods. The increase in income before interest and income taxes was the result of higher income in each of the businesses. Rationalization charges were $2.5 million and $3.2 million for the third quarters of 2020 and 2019, respectively, and acquisition related costs were $0.7 million in the third quarter of 2020.
Highlights: *Operating profit for January-September was SEK 1 884 million (January-September 2019: 1 758). Profit was impacted positively by higher profit from Paperboard and Forest, but negatively by price decreases and production curtailments in Paper. *Compared with the second quarter, operating profit increased by SEK 172 million to SEK 714 million as a result of increased prices for wood products, decreased production curtailments in Paper and seasonally lower costs. *Profit after tax for January-September amounted to SEK 1 467 million (1 363), which corresponds to earnings per share of SEK 9.1 (8.1). *On 1 October Holmen completed the acquisition of Martinsons, one of Sweden's leading players in sawn and processed wood products.
WestRock Company was recognized for packaging design excellence at the 77th Annual North American Paperboard Packaging Competition. The company won 18 awards, including two major awards: Rigid Box of the Year and Digital Application of the Year. Sponsored by the Paperboard Packaging Council (PPC) and judged by packaging experts, the awards recognize packaging that represents the best in converting excellence, innovation and sustainability that the North American folding carton industry provided its customers over the past year. Click read more below for additional detail.
CREEL has completed the acquisition of the offset printing operations in Las Vegas known as Creel Printing from LSC Communications. The acquisition returns control of the offset business to the Creel family who founded it in the 1950s. The new CREEL will operate from the state-of-the-art, 250,000-square-foot Las Vegas facility that previously served as the company’s headquarters. The business has made significant recent investments including a new 55" web press and numerous stitching and inserting lines. The acquisition includes substantially all of the employees in the offset business, including skilled pressmen, plant supervisors, operations staff, and customer service specialists, many of whom have been with the company for over 20 years. CREEL will be managed by industry veterans, and Allan G. Creel will return as its President.
Q3 2020 Highlights: *Net Sales were $1,697.7 million versus $1,581.6 million in the prior year period. *Net organic sales increased 4.2% in the quarter and increased 3.5% for the first nine months of 2020 versus the prior year period. *Net Income was $63.7 million versus $52.1 million in the prior year period. *Global liquidity was $1,557.1 million at quarter end. *Returned $366.7 million to stakeholders in share repurchases, dividends, partnership distributions and redemptions; included $89.9 million in common shares repurchased during the quarter.
Q3/2020 (compared with Q3/2019): *Sales decreased by 13.5% to EUR 2 079 (2 402) million, due to lower deliveries and prices. *Operational EBIT decreased to EUR 175 (245) million. The impact of lower sales was partly offset by continued cost management. *Operational EBIT margin was 8.4% (10.2%). *Operating profit (IFRS) was EUR 145 (170) million. *Operational ROCE was 6.7% (9.2%), below the strategic target of more than 13%. Q1–Q3/2020 (year-on-year): *Sales were EUR 6 400 (7 644) million, mainly as a result of the impact of the Covid-19 pandemic, and the Finnish union strikes during the first quarter. *Operational EBIT was EUR 532 (879) million.
Stora Enso has decided to start using a valuation method for its forest assets in the Nordics based on market transaction data and change the accounting policy from the fourth quarter of 2020 onwards. Preliminary estimations, based on transactions in those areas in which Stora Enso has forest land, indicate that the value of the Group’s forest assets, including leased land, will be between EUR 6.5 billion and EUR 7.0 billion, compared with the end of Q3/2020 book value of EUR 5.4 billion. The review of the fair value will be completed during the fourth quarter and will take into account also the latest transaction prices. Deferred tax liability will be recognised based on the difference between the forest assets’ book value and their value for tax purposes in the same manner as currently.
Heinzel Group’s operations are characterized by saving resources, environmental protection, energy efficiency and use of renewable sources of energy. Besides the own power generation for pulp and paper production and the green energy obtained from hydropower, the roofs of Laakirchen Papier AG and Zellstoff Pöls AG are now used for the generation of renewable energy through photovoltaic systems. In cooperation with Heinzel Energy, over 9,000 solar modules are installed on around 15,000 m² of roof area which generate more than 3 GWh of green energy per year. Up to 800 tons of CO2 can be saved with both photovoltaic systems and the electricity produced will supply more than 850 households.
The impact-focused startup accelerator, Food System 6 (FS6), is today announcing the eight early-stage companies from around the world selected to participate in their new Circular Economy program, launched in partnership with global sustainable packaging solutions leader Huhtamaki. The purpose of the Huhtamaki Circular Economy Start-up Program by Food System 6 is to accelerate the development of young and promising companies working to deliver innovative sustainable solutions in areas such as waste management, sustainable packaging alternatives, new materials innovation, and regenerative production models. Through the partnership with Huhtamaki, FS6 is committing critical mentorship, advising and networking resources to provide direct support and help the selected participants build their efforts to scale. The eight cohort members were selected for their unique and timely innovations across the impact areas of: circularity, healthy people, vibrant farms, sustainable ecosystems, and justice & fairness.
Graphic Packaging International earned a noteworthy number of awards at the 2020 Paperboard Packaging Council's carton competition, including the top honor, Paperboard Package of the Year, in addition to the Innovation, Sustainability and Folding Carton of the Year awards. KeelClip™ is the winner of two top accolades: Paperboard Package of the Year and the Innovation award. KeelClip is a unique paperboard design that not only replaces plastic rings, top clips and shrink wrap multipacks for cans; it also offers merchandising benefits that similar beverage packaging does not. The concept combines an efficient paperboard clip with the benefits of a stabilizing 'keel' structure to strengthen the top panel and optimize clip performance. KeelClip works with the widest range of cans and multi-count configurations and at the speeds required by large beverage operations, allowing brand owners to present a premium and sustainable image with a billboard for branding and can orientation. The award affirms the company's approach to creating innovative packaging solutions that helps brands achieve sustainability goals and meet consumer demand for packaging made from renewable materials.
Amazon.com, Inc. announced plans to open two new fulfillment centers in Kansas. The new fulfillment centers, which are anticipated to launch in 2021, will together create over 1,000 new, full-time jobs with industry-leading pay and comprehensive benefits starting on day one. “We’re excited to continue our growth and investment across Kansas so we can better serve our customers throughout the state,” said Alicia Boler Davis, Amazon’s vice president of global customer fulfillment. “We are grateful for the strong support we’ve received from local and state leaders, and we look forward to ingraining ourselves in the communities in which we serve.”
HH Global has joined Aim Progress, a forum of leading Fast Moving Consumer Goods (FMCG) manufacturers and suppliers, assembled to enable and promote responsible sourcing practices and sustainable supply chains. Through Aim Progress, HH Global will collaborate with other members by sharing sustainable sourcing initiatives, raising the profile and importance of responsible sourcing, and proactively managing risk in the supply chain.
Unit sales of print books rose 7.9% in the week ended Oct. 10, 2020, over the comparable week in 2019, at outlets that report to NPD BookScan, with three new titles topping the bestseller list. The two biggest bestsellers were in adult nonfiction, helping to lift unit sales up 7% over the week ended Oct. 12, 2019. Ina Gartner’s Modern Comfort Food sold nearly 129,000 copies in its first week, while Humans by Brandon Stanton followed, selling almost 103,000 copies. Juvenile fiction sales rose 11.9%, led by The Tower of Nero by Rick Riordan, which sold close to 49,000 copies in its first week. The biggest increase came in the smallest category, YA nonfiction, where unit sales jumped 63.9% in the week.
Growth in the U.S. economy boomed in 2018, slowed in 2019, and turned south in 2020 when COVID-19 started to spread widely in March. In 2019, trucks shipped 72.5% of all domestic tonnage, including an increase of 366 million tons over 2018. Also, across the northern and southern borders, trucks moved three-quarters of the value of trade between the U.S., Canada, and Mexico. Compared with previous recessions, trucking fared far better than the overall economy as the recession in the first half of 2020 was concentrated in the much less freight intensive, services sector. At the start of 2020, the U.S. remained in the longest economic expansion on record with the unemployment rate at 50-year lows. In the three primary categories of freight—retail, manufacturing, and housing construction—only manufacturing was struggling from an industry-specific recession in 2019. In January, retail sales notched a record high, and construction on new homes surged to its highest level in over a decade, according to the Census Bureau. Even manufacturing showed signs that it bottomed out in 2019, as the Institute for Supply Management’s Purchasing Managers Index reported an expanding manufacturing sector in January and February after 5 months of contraction.
The Wall Street Journal recently issued its inaugural list of the 100 most sustainably managed companies in the world. Crown is one of only two companies in the containers and packaging industry—and the only metal packaging company—named on the list and is ranked as the top U.S. company for environmental issues management, scoring “highly for its management of water, waste and air quality.” As a Company that has been guided by the principles of sustainability since it was founded, we are incredibly proud to be recognized as a top global performer. We take our role of being a responsible employer, partner and corporate citizen seriously and are committed to doing our part to maximize our impact while reducing our footprint.
There has been a surge in consumer demand for Bag-in-Box wines in the current year according to new data, partially caused by changing behaviours due to the Covid-19 pandemic. Research by packaging leader Smurfit Kappa in collaboration with Wine Intelligence found that Bag-in-Box wine attracted 3.7 million new consumers in France and the UK during the past six months. The survey analysed the behaviour of monthly wine drinkers in France and the UK, who have increasingly moved to drinking and entertaining at home due to the restrictions of the pandemic. France is the biggest market for Bag-in-Box wine and the UK is currently one of the fastest growing. Consumers noted freedom of consumption, ease of transport and value for money as the main motivations when purchasing Bag-in-Box wines. Other benefits of Bag-in-Box wine include its ability to preserve wine for up to 6-8 weeks after opening compared to 2-3 days in a glass bottle, and its lower carbon footprint.
Sonoco announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning November 16, 2020. Sonoco cited significantly longer backlogs at its mills along with continuing inflation of input costs, especially freight and papermaking chemicals as the drivers for this pricing action.
American Forest & Paper Association (AF&PA) President and CEO Heidi Brock issued the following statement recognizing the 60th anniversary of National Forest Products Week (October 18 – 24): “This week, during National Forest Products Week, we celebrate the undeniable value of the 950,000 people who work in the forest products industry – working safely to make essential products. “From tissue and paper towels, to packaging around the goods you ordered online, to the cups holding your coffee, paper and wood products contribute to our everyday lives. And, demand for these products encourages forest landowners to grow and replant trees, keeping forests as forests.”
Total packaging papers & specialty packaging shipments in September increased 14 percent compared to September 2019. They were up four percent when compared to the same nine months of 2019. The operating rate was 92.3 percent, up 6.7 points from September 2019 and essentially flat (-0.1 pts.) year-to-date. Mill inventories at the end of September decreased 3,000 short tons from the previous month, and were up 12,000 short tons compared to September 2019.
Total Containerboard production in September increased four percent compared to September 2019. It was up four percent when compared to the same nine months of 2019. September 2020 production of containerboard for export decreased 12 percent compared to the same month last year; it was up 19 percent year-to-date. The containerboard operating rate was 95.9 percent, up 3.7 points from September 2019 and up 2.8 points year-to-date. Mill inventories of containerboard at the end of September decreased 67,000 short tons from the previous month and were up 25,000 short tons compared to September 2019.
Total Boxboard production in September decreased six percent compared to September 2019. It was down three percent when compared to the same nine months of 2019. The boxboard operating rate was 88.3 percent, down 3.6 points from September 2019 and down 0.8 points year-to-date. Solid Bleached Boxboard production in September decreased 11 percent compared to September 2019. It was down six percent when compared to the same nine months of 2019. Recycled Boxboard production in September decreased one percent compared to September 2019. It was down two percent when compared to the same nine months of 2019. Unbleached Kraft & Gypsum production in September decreased four percent compared to September 2019. It was down one percent when compared to the same nine months of 2019.
According to the report, total printing-writing paper shipments decreased 21 percent in September compared to September 2019. U.S. purchases of total printing-writing papers decreased 20 percent in September compared to the same month last year. Total printing-writing paper inventory levels decreased seven percent when compared to August 2020. Uncoated free sheet (UFS) paper shipments decreased 19 percent compared to September 2019 while the inventory level decreased six percent compared to August 2020. UFS imports and exports both decreased compared to August 2019, down 18 percent and 40 percent respectively. U.S. purchases of coated free sheet (CFS) papers in September decreased 12 percent compared to last September while the inventory level decreased 10 percent compared to August 2020. CFS imports and exports both decreased compared to August 2019, down 36 percent and 27 percent respectively. Coated mechanical (CM) paper shipments decreased 31 percent compared to September 2019 while the inventory level increased two percent compared to August 2020. CM imports decreased 30 percent while exports increased five percent in August 2020. U.S. purchases of uncoated mechanical (UM) papers in September decreased 28 percent compared to last September while the inventory level decreased eight percent compared to August 2020. UM imports and exports both decreased compared to August 2019, down 15 percent and 44 percent respectively.
Ah, the ubiquitous—and critical—Call to Action. Great branding, sumptuous, emotional or humorous creative, a strong voice: they are the vessels that hold the CTA. The ask: to buy now; sign-up; get more information; go online; hurry, don’t miss this sale. For every response-driven tactic we create—from catalogs to emails—we need to ask ourselves, “What do we want the customer to do?” Indeed, high-level, impactive brand campaigns can be relieved of the CTA burden when awareness itself is the end goal. But for most of our day-to-day work, the collective “we” need to consider what behavior we are trying to provoke. Once that preferred action is defined, the CTA has the football. So many right and wrong ways to create a strong Call to Action. And so many opportunities to be creative while still getting the job done! Here are just a few thoughts in case you’re in a rut. For more, go to: https://www.jschmid.com/blog/breakthrough-creative-art-of-the-cta/
Brief: *Condé Nast's Allure magazine partnered with Perfect Corp., the developer of augmented reality (AR) activations for beauty products, to integrate virtual try-ons into its November issue, according to a press release. The AR-powered experience will be available in the publisher's "Ultimate Guide to Shopping" that hits newsstands Oct. 20. *To see the AR features, smartphone users can scan a QR code in the issue to download Perfect's YouCam Makeup app for free. The app, which overlays digital images of makeup on the live selfie view of a smartphone camera, will showcase beauty products featured in the magazine. *The AR experience not only showcases products used for the Allure's cover look, but also includes "Michelle's Most Wanted," the top choices from Editor-in-Chief Michelle Lee. The news shows how the publisher is evolving its holiday content strategy to meet shoppers on the mobile channels where they're spending more of their time.
TC Transcontinental Printing, a sector of Transcontinental Inc., is proud to announce that it has invested more than $10 million over the past eight months in its book printing platform in Québec, mainly at its Transcontinental Interglobe plant in the Beauce region. These investments have enabled the plant to improve its manufacturing efficiency to better meet the demand from North American customers and the fast delivery times expected by the market, while reducing its environmental footprint. “These major investments demonstrate our confidence in the future of the North American book market and our desire to build our printing platform in growth verticals like this one,” said Jacques Grégoire, Chief Development Officer, Printing & Media at TC Transcontinental. “The timing is right for these investments with the signing of several contract extensions and new agreements with major educational publishers. They will allow us to remain competitive in the market and take on larger jobs to continually meet the growing demand from our customers.”
In an email to customers, Barnes & Noble acknowledged that it was made aware "of a cybersecurity attack" on October 10, adding that it resulted "in unauthorized and unlawful access to certain Barnes & Noble corporate systems.” The email said that while payment card and other financial data were not compromised by the attack, systems affected by the hack “did contain your email address and, if supplied by you, your billing and shipping address and telephone number. We currently have no evidence of the exposure of any of this data, but we cannot at this stage rule out the possibility.”
REI Co-op announced the expansion of its recommerce business by piloting two used-gear pop-up stores and its trade-in program, giving members more ways to buy and share gently used outdoor gear and apparel and keeping high-quality products rotating through the co-op community at more accessible price points. During a time when more people are turning to the outdoors and discovering new, socially distant, activities, REI continues to be a resource for gear and inspiration. To expand gently used gear to more members across the country, the co-op launched its online recommerce business in 2018, supplementing its members-only Garage Sale events in REI stores across the nation. Today, despite a challenging retail environment, the online business alone is up nearly 100 percent compared to last year, in part due to demand from millennial customers who prioritize renting or purchasing used over buying new gear.
The Postal Service has seen a significant increase in mail volume, with volume surpassing 3 billion mailpieces for the week of Oct. 3. This surge in volume represents an increase of 19 percent, or an additional 480 million mailpieces, compared to the average volume in September. Key performance indicators for the week of Oct. 3 include: *First-Class Mail: 86.15 percent of First-Class Mail was delivered on time, a 0.18 percent increase from the week of Sept. 26 *Marketing Mail: 89.17 percent of Marketing Mail was delivered on time, a 0.65 percent decrease from week of Sept. 26 *Periodicals: 78.54 percent of Periodicals were delivered on time, a 0.24 percent increase from the week of Sept. 26
On October 5th, FSC US opened a 75-day public consultation for the first draft of a revised FSC US National Forest Stewardship Standard. Due in large part to the quality and rigor of our forest management standards, FSC is widely recognized as the world’s most trusted certification system. Draft 1 of the revised Standard offers further refinement of the respected existing standard for the United States, aligning it with the FSC Principles and Criteria Version 5 and the International Generic Indicators. Our goal is to deliver a standard that is both best-in-class and achievable by streamlining the existing standard and addressing a number of priority issues, identified below. To help achieve this goal, we will need clear, actionable input from an informed and diverse set of stakeholders during this consultation.
Climate change is the challenge of our time, requiring action across all sectors of society. While there are many emerging technologies, today there is only one proven, economical way to remove carbon dioxide from the atmosphere at a global scale: Forests. While much of the emphasis to date has been on reforestation and afforestation, increasingly leaders are looking to responsibly managed forests as an opportunity to sequester additional biogenic carbon. As the world’s most trusted forest certification – impacting more than 500 million acres – the Forest Stewardship Council represents the gold standard for responsible forest management. As a result, many stakeholders – including leading brands, supply chain companies, architects, builders, and developers – are asking FSC about the carbon impacts of FSC-certified forest management.
International technology Group ANDRITZ has received an order from Segezha Pulp and Paper Mill, a member of the Segezha Group (part of PJSC Sistema), to supply stock preparation equipment for its mill in Segezha, Republic of Karelia, Russia. Start-up is scheduled for the beginning of 2021. The new system will feature a capacity of 350 bdmt/d and process bleached market pulp bales to produce a new final product – white high-porosity sack paper. The scope of supply comprises the bale feeding line with a manual dewiring station, an ANDRITZ FibreSolve FSV pulper for efficient slushing, a ModuScreen CP protection screen, as well as the complete control and electrification system.
Atlantic Packaging Products Ltd. officially announced the construction of a new 100% recycled paper machine in Whitby, Ontario. The new paper machine will be Atlantic's second recycled paper machine in Whitby, and is being built adjacent to their current machine which has been operational since the 1990s. The new machine will be one of the most technologically advanced machines in North America producing 400,000 tons per annum of high performance light weight medium and liner. Production is scheduled for the first quarter of 2022.
With around 4,000 women employed directly or indirectly by Sappi Forests nationwide– through its own personnel in its nurseries, and sub-contracted to its harvesting and silviculture contractors – the company is very aware of the crucial role that rural women play in the agricultural labour force. It is to these women that the United Nations have dedicated the International Day of Rural Women, celebrated on 15 October every year. Fittingly, the theme for this year is “Building rural women’s resilience in the wake of COVID-19” and highlights the fact that the specific struggles that rural women face in their daily lives were further aggravated by the pandemic. World Food Day is another significant UN commemorative day which follows immediately on 16 October and further ties in the crucial role that rural women play in combating top on the list of the UN’s Sustainable Development Goals (SDG 1 ‘No Poverty’ and SDG2 ‘Zero Hunger’).
Swedish road and infrastructure operator Svevia has decided to collaborate with Stora Enso in testing lignin in asphalt. Through this collaboration, Svevia aims to replace part of the oil-based binder with nature’s own binder – lignin, Lineo ™ by Stora Enso. The lignin containing asphalt is currently being tested out on Swedish roads. Svevia is carrying out road paving work on road 224 between the towns of Sandbrink and Gnesta on behalf of the Swedish Transport Administration. Of the total 15-kilometre stretch, Svevia has chosen to test Lineo™ on a couple of hundred meters, where lignin will replace bitumen. Lignin was chosen as it is a bio-based natural binder found in trees with the potential of reducing the negative climate impact of asphalt.
National Average Price for Regular Unleaded Current: $2.176; Month Ago: $2.182; Year Ago: $2.655. National Average Price for Diesel Current: $2.382; Month Ago: $2.409; Year Ago: $2.999.
American Dollar to Canadian Dollar = 0.757687; American Dollar to Chinese Yuan = 0.149279; American Dollar to Euro = 1.174265; American Dollar to Japanese Yen = 0.009501; American Dollar to Mexican Peso = 0.047216.
Employee consultations for UPM Communication Papers were concluded at the Jämsä River mills this week. The UPM Kaipola paper mill in Jämsä, Finland, will be closed permanently by mid-December. UPM’s second paper mill in Jämsä, UPM Jämsänkoski, will continue operations with one graphic paper machine and two specialty paper machines. The parties were not able to identify an economically viable solution for the future operation of UPM Kaipola. Consequently, Kaipola’s three paper machines will be permanently closed, affecting altogether 448 positions at the mill, of which 20 positions will be transferred to UPM Jämsänkoski’s Specialty Papers operations. Approximately 20 % of the redundancies will be retirements, with discussions pending. The closure will lead to an annual reduction of 720,000 tonnes of graphic paper capacity, thereof 450,000 tonnes of newsprint and 270,000 tonnes of coated mechanical paper. An after-care team will ensure safe conditions at the mill after the closing.
Procter & Gamble shareholders overwhelmingly approved a proposal urging the company to issue a report that increases its efforts to eliminate deforestation, with the implication that more needs to be done. The vote was pegged a major victory for environmentalists concerned about P&G’s policies. Because of the company’s size and stature worldwide, it could send a loud statement to other consumer packaged goods manufacturers that paying attention to environmental issues is becoming a real factor with the public and Wall Street. The shareholder proposal, sponsored by the environmentally sensitive Green Century Equity Fund, passed Tuesday with over two-thirds of investors’ votes -- -and over the recommendation to vote against it from P&G’s board.
Fourth quarter Walgreens Boots Alliance highlights, year-over-year: *Sales increased 2.3 percent to $34.7 billion, up 2.3 percent on a constant currency basis *Operating income decreased 26.0 percent to $650 million; Adjusted operating income decreased 27.7 percent to $1.1 billion, down 27.4 percent on a constant currency basis. Fiscal 2020 highlights, year-over-year: *Sales increased 2.0 percent to $139.5 billion, up 2.5 percent on a constant currency basis *Operating income decreased 73.7 percent to $1.3 billion; Adjusted operating income decreased 24.9 percent to $5.2 billion, down 24.8 percent on a constant currency basis *Net cash provided by operating activities was $5.5 billion, a decrease of $109 million compared with fiscal 2019; Free cash flow increased 5.6 percent to $4.1 billion
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Amcor is proud to be joining a new call for a UN treaty on plastic waste, following a recent report from Boston Consulting Group, World Wildlife Foundation and Ellen MacArthur Foundation. Amcor has embraced a leadership role in the packaging industry, to drive fast and tangible progress towards responsible packaging. Our company’s contribution is most visible through 1) our innovation - such as our recent, world first recyclable retort pet food pouch – 2) collaborating for better policy and 3) informing consumers about how their recycling practices make a huge difference in keeping waste out of the environment. That progress at industry level must continue and gather even more pace. But it must also be matched by a serious, concerted effort by governments to invest in the necessary infrastructure needed to manage waste and increase recycling – of all of types of waste.
Evergreen Packaging®, a global leader in plant-based packaging solutions today announced that Clover Sonoma, a third-generation family-owned and operated dairy, is transitioning its half-gallon organic milk to the PlantCartonTM package with RenewablePlusTM paperboard by Evergreen. “As a company, we continuously look for innovative approaches to reaching sustainability goals, and packaging is an important part of that,” said Kristel Corson, vice president of sales and marketing at Clover Sonoma. “We are the first dairy to switch to Evergreen Packaging’s fully renewable plant-based milk carton, and we chose the RenewablePlus cartons because they support responsible forest management, while utilizing less plastic, encouraging recycling, and decreasing the use of fossil fuels.” “As the world’s most trusted forest certification, the Forest Stewardship Council® demonstrates that Clover Sonoma and Evergreen Packaging are meeting the highest standards of responsible forest management,” said Chris McLaren, Chief Markets and Marketing Officer for FSC® US. Evergreen Packaging is Forest Stewardship Council certified (FSC®-C016043).
Average input costs were stable sequentially and cost control was strong across the business. Currency movements had a net negative impact on underlying EBITDA compared to the second quarter, driven by a weaker US dollar, impacting a number of the Group's globally traded products, coupled with a weaker Russian rouble and Turkish lira. Given prevailing exchange rates, we anticipate a further net negative currency impact in the fourth quarter. During the quarter, planned maintenance shuts with an estimated impact on underlying EBITDA of around €35 million (2019: €40 million) were carried out successfully. Based on prevailing market prices, we continue to estimate that the impact of planned mill maintenance shuts on underlying EBITDA for 2020 will be around €100 million (2019: €150 million), with the fourth quarter impact expected to be around €55 million (2019: €30 million). Our major capital investment projects are progressing according to plan. The €67 million capital investment project to convert a containerboard machine at Štětí (Czech Republic) to become fully dedicated to the production of speciality kraft paper for shopping bag applications is scheduled to be commissioned during the fourth quarter. This additional capacity (75,000 tonnes) further supports our retail customers in their efforts to replace unnecessary plastic as they transition to more sustainable packaging solutions that contribute to the circular economy.
Richard A. Hayne, Chief Executive Officer of Urban Outfitters, Inc. announced the following changes to the Company’s management structure to better support URBN’s future growth and strategic initiatives. *Meg Hayne has been promoted to Co-President and will remain Chief Creative Officer. Meg will continue to manage the creative functions she currently oversees. In addition, our three large Brands and Sourcing will now report to Meg. *Frank Conforti has been promoted to Co-President and Chief Operating Officer. Frank will assume additional responsibility for URBN’s Fulfillment & Logistics, Development, Legal, Talent and Human Resources Departments. Frank will continue to operate as Chief Financial Officer while the Company begins a search for his successor. *Sheila Harrington has been promoted to Chief Executive Officer of the Free People Group. *Hillary Super has been promoted to Chief Executive Officer, Anthropologie Group. click read more below for additional detail
International Paper announced that it completed the previously disclosed sale of its Brazilian corrugated packaging business to Klabin S.A. The business has three containerboard mills and four box plants. The company will continue to run its papers business and forestry operations in Brazil.
With various activities throughout Europe, the European Paper Bag Day will take place for the third time on 18 October. The annual action day raises awareness of paper carrier bags as a sustainable and efficient packaging option that helps consumers to avoid littering and minimise negative impacts on the environment. This year’s edition will centre around the reusability of paper bags. For this occasion, initiators “The Paper Bag”, Europe’s leading kraft paper manufacturers and paper bag producers, have also launched a video series in which a paper bag’s reusability is tested and demonstrated in different everyday situations. Most consumers are increasingly concerned about the environment. This is also reflected in their consumption behaviour. By choosing environmentally friendly products, they try to reduce their personal carbon footprint.
Italian tissue manufacturer EuroVast fired up a new Modulo-Plus tissue machine supplied by Toscotec at its Cartiera della Basilica paper mill in Villa Basilica, Lucca, Italy. PM5 is running efficiently at the speed of 1,600 m/min and since its start-up in February, it has exceeded the project’s production targets with excellent results in energy consumption. The new line completely replaced the mill’s existing PM5, a suction breast roll machine. The sheet width is 2,770 mm and the production capacity is over 30,000 tpy. It is equipped with a single press TT BlindDrilledPressRoll, a TT SYD and gas-fired TT Hoods. PM5 produces toilet tissue, kitchen towels and napkins from 100% pre-dried virgin pulp. EuroVast also purchased a complete service package including dismantling operations, erection, training, commissioning, and start-up assistance.
Improving trend in Q3 with a strong performance in Global Online Learning; North American Courseware and Global Assessment in line with expectations; and International further impacted by COVID-19 *At the nine months, Group sales declined by 14% largely reflecting the continuing impact of COVID-19 and test centre and school closures in Global Assessment and International, and expected declines in North American Courseware. *Global Online Learning sales grew 14% due to 41% enrolment growth in Virtual Schools for the academic year 2020/2021 and strong sales growth in Online Program Management (OPM) driven by undergraduate and international performance, partially offset by discontinued programs. *Global Assessment sales declined 19% due to the impact of test centre closures in Professional Certification (Pearson VUE), cancellation of spring testing in US Student Assessment and school closures impacting Clinical Assessment. *North American Courseware declined 14% with a stronger adoption performance in the Fall in US Higher Education Courseware and good growth in digital and subscription take up leading to the faster decline of higher priced package and print sales. *International declined 24% due to the impact of COVID-19 and as the associated economic effects intensified in several key markets, predominantly affecting public and private spending on courseware and assessments. *Pearson retains a strong balance sheet and significant financial headroom.
Stora Enso has completed the co-determination negotiations concerning the closure of one standard newsprint paper machine (PM3) and the deinking plant at Stora Enso’s Hylte Mill in Sweden. The maximum personnel impact is 140 people. As a result of the co-determination negotiations, PM3 will be shut down by the end of 2020 and the DIP latest in Q2 2021. Negotiations on organizational restructuring, including the risk analysis, have started. Stora Enso will continue to produce standard newsprint at Hylte, Langerbrugge and Sachsen mills. The closure of Hylte Mill PM3 will not impact Stora Enso’s newsprint product offering, and we will be able to serve our customers as today.
U.S. online sales will reach $794.50 billion this year, up 32.4% year-over-year and accounting for 14.4% of all retail spending. That’s according to eMarketer’s third-quarter forecast, which also predicts that E-commerce sales will reach 19.2% of all U.S. retail spending by 2024. The increase for 2020 is much higher than the 18.0% gain predicted in the company’s second-quarter forecast as consumers continue to opt for online shopping amid the pandemic. Online shopping is so strong that it will more than offset the 3.2% decline in brick-and-mortar spending this year, which will drop to $4.711 trillion, reported eMarketer. As a result, total U.S. retail sales in the US will remain essentially flat.
A new study from Interpublic’s Magna and the IPG Media Lab reinforces the idea—embraced by the industry for a number of years now—that ad personalization is one of the best techniques to help brands deliver more relevant and effective ad experiences. The study focused on three key ad categories—auto, retail and finance—and includes responses from more than 6,000 participants. Testing was conducted on two audience types: brand target demographics and high-value audiences based on people-based IDs created by precision targeting platform Kinesso. Six types of data sources for personalization were tested: demos, past purchases, location, life events, search terms and precision messages for high-value audiences. The study found that most forms of ad personalization had some value and that higher levels of personalization were more effective at shifting difficult-to-move metrics.
Penguin Random House has partnered up with PEN America, Out of Print (a PRH subsidiary), and When We All Vote to launch Book the Vote, which the publisher describes as a "nonpartisan initiative to protect free speech and ensure every voter’s right to participate in elections." Via its website, the initiative will create and distribute author and book–related content, voter registration information, and other resources in order to educate readers on civic topics and encourage potential voters to "participate in our democracy and express their voices through voting." The initiative will run in conjunction with PEN America’s Free Speech 2020 initiative, and a portion of sales from each of Out of Print's Get PoLITical apparel collection will continue to be donated to PEN America to benefit that campaign.
The Association of American Publishers (AAP) released its StatShot report for August 2020 reflecting reported revenue for all tracked categories, including Trade (consumer publications), K-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses. Total revenues across all categories for August 2020 were essentially flat at $1.9 billion, an increase of 0.3% as compared to August 2019. Year-to-date sales were $9.4 billion, a decline of 4.6% as compared to the same period last year. Trade (Consumer Books) sales were notably up 6.9% year-over-year, coming in at $703.6 million. Year-to-date (January-August 2020) Trade sales were $5.0 billion, an increase of 5.2%, as compared to the first eight months of 2019.
Featuring a converter friendly balance of high initial tack and low edge bleed, Mactac® announces the launch of a new durable labeling product line, LINTEC® Low-Ooze, High Adhesion Durable Labelstocks. The new LINTEC Low-Ooze, High Adhesion Durable Labelstocks feature a selection of durable film facestocks paired with LINTEC’s industry-proven PAT1 and automotive-approved P0066 aggressive acrylic adhesives. The labelstocks are intended for use in labeling durable goods, electronics, appliances, warning and instruction labeling, and automotive and medical labeling applications. With product features that are highly appealing to industry converters, Mactac’s LINTEC Low-Ooze, High Adhesion Durable Labelstocks offer cleaner on-press and thermal transfer print performance, as well as reduced risk of label pick-off. They are suitable for prolonged outdoor use and ensure very good resistance to chemicals, heat (durability up to 302-degrees Fahrenheit), and UV (ultraviolet) light. Additionally, the labelstocks are UL 969 recognized by Underwriters Laboratories for superior performance, label suitability, and compliance for displaying required safety information on UL Certified products, despite long-term exposure to a variety of environmental elements.
ND Paper is pleased to introduce a new offering of bleached and natural kraft bag paper products manufactured at our Rumford, Maine mill. Ideal for multi-wall bags, retail bags, and converting applications, these papers range from 40 lb. to 80 lb. (3,000 ft2 basis) and are produced from 100% virgin fiber, with options for post-consumer waste content. "Combined with our 100% recycled packaging grades from our recently rebuilt B25 machine in Biron, Wisconsin, ND Paper is now able to offer a wide range of options to converters and brand owners," says Matt Stapleton, Senior Vice President of Sales and Marketing. "Our kraft and recycled grades are designed to meet demanding print, converting, and sustainability requirements for a multitude of end use applications." All ND Paper packaging products are available with FSC, SFI, and PEFC chain of custody certification. These new offerings are yet another example of how ND Paper is investing to be sustainable now and for the next 100 years.
Lecta announces that it has reached an agreement for the acquisition of Avery Dennison Offset Sheets business in the Europe - Middle East - North Africa (EMENA) region. The transaction is subject to competition approval from the German Federal Cartel Office. Lecta taking over the manufacture and sale of Avery Dennison’s portfolio of FASSON™ and JAC™ branded self-adhesive papers and films in EMENA. Lecta will manufacture these under a special limited licensing agreement with Avery Dennison, keeping the FASSON™ and JAC™ brands available through the existing network of distributors.
Metsä Board, the leading European producer of premium fresh fibre paperboards and part of Metsä Group, is delighted to announce that two of its folding boxboards, MetsäBoard Natural FBB and MetsäBoard Pro FBB OBAfree, as well as two food service grades, MetsäBoard Natural FSB Cup and MetsäBoard Pro FSB Cup, have now received home compostability certificates complying with NF T 51-800 standard. Metsä Board’s eco-barrier paperboard MetsäBoard Prime FBB EB already holds the same certificate. “In order to enhance a circular economy our main target is that our paperboards are recycled after use. But recycling is not always possible – the paperboard may be contaminated due to its contents and therefore cannot be recycled. In such a situation compostability is the next best alternative,” says Helena Moring-Vepsäläinen, Product Safety Manager at Metsä Board.
Stora Enso is introducing its new eco-friendly take-away bowls for food service packaging, PureFiber™ by Stora Enso. The products are free from plastic and PFAS and are designed to help customers replace plastic on-the-go food packaging. The bowls are being brought to market together with the wholesale company Tingstad. The PureFiber™ product range will expand to other food and consumer goods applications. Stora Enso’s formed fiber products are designed for circularity, meaning that they are renewable, recyclable and biodegradable. The PureFiber™ product line enables a carbon footprint that is approximately 75% lower compared to alternative product materials such as plastic or bagasse. The unique formed fiber technology allows the products to be produced without plastic and PFAS, bringing a sustainable alternative with strong user-qualities to the market.
The Taunton Press has sold Fine Cooking, the preferred media platform for avid cooking enthusiasts, to Meredith Corporation. Meredith’s national media group reaches nearly 200 million American consumers every month, including 80% of US millennials. It is a leader in creating content across media platforms and life stages in key consumer interest areas such as celebrity, food, lifestyle, home, parenting, beauty, fashion, news and sports. Meredith also features robust brand licensing activities including more than 3,000 SKUs of branded products at 5,000 Walmart stores across the US and at walmart.com., as well as innovative business-to-business marketing solutions provided by Meredith Xcelerated Marketing.
The Philadelphia Inquirer is selling its printing plant, an economic move that will cost an estimated 500 staffers their jobs, the newspaper reported. The newspaper will move production to a New Jersey plant, a union shop owned by Gannett, as it gears up to sell the Schuylkill Printing Plant by year’s end. At present, the Inquirer is in negotiations to unload the 45-acre property, opened in 1992. The buyer and any financial terms were not disclosed. She added many have been with The Philadelphia Inquirer for decades. Almost all of the plant staffers — 500 out of 550 — will be laid off. Two newspapers are published there, The Philadelphia Inquirer and the Philadelphia Daily News, owned by the same parent company, The Philadelphia Foundation.
With demand increasing, Novolex® brand Shields® is stepping up production of its innovative poly mailers to help companies ship their products more reliably and securely. Manufactured in the USA, the Shields eCommerce mailer bag is durable, puncture resistant and waterproof. Its easy-to-use closure uses a secure, pressure-sensitive adhesive with an anti-static release liner. The mailer is also labeled with the How2Recycle® “store drop-off” label, which instructs consumers and businesses to bring mailers to participating retailers for recycling. “The pandemic is creating an intense need for secure poly mailers manufactured dependably in the USA,” said Martin McDonough, Vice President of Sales for Shields. “We are increasing production of our high-quality mailers so we can help as many companies as possible ship their products more reliably and securely.”
Sonoco announced it has signed an agreement to sell its Europe contract packaging business to Prairie Industries Holdings, a Wisconsin-based contract packaging and contract manufacturing firm backed by The Halifax Group, a Washington, D.C.-based global investment firm, for $120 million in cash. The transaction is subject to normal closing requirements and is expected to be completed in the fourth quarter of 2020. Sonoco’s Europe contract packaging business (Sonoco Poland Packaging Services Sp. z o.o.) produced net sales of approximately $300 million in 2019 and provides full-service custom packaging and supply chain management solutions to global consumer product goods companies through six contract packaging facilities in three locations and a warehouse all in Poland. The business is part of Sonoco’s Display and Packaging segment and has approximately 2,600 employees.
Global sustainable food packaging leader Huhtamaki is donating €600,000 to fund a project that aims to stop the flow of plastic into the Indian Ocean from the Mithi River in Mumbai, India. The project is one of three initiatives that Huhtamaki has funded as part of its 100-year anniversary to address global sustainability challenges and build and learn from circular economy initiatives globally. The Mithi River project is run by a global partnership between the United Nations Technology Innovation Labs UNTIL, VTT Technical Research Centre of Finland, RiverRecycle and Earth5R. Each partner has a unique role in the project which seeks to use emerging technologies to collect plastic waste from the river and raises awareness on effective waste management in order to drive systemic change locally. The project is also focused on developing ways to valorize waste, e.g. by turning it into valuable fuels, chemicals, bio energy and bio fertilizers.
A number of big summer bestsellers, a surge in interest in books on social justice, and ongoing demand by parents for children’s books that both educate and entertain combined to continue to push up unit sales of print books through this year’s third quarter. According to NPD BookScan, print unit sales rose 6.4% for the nine months ended Oct. 3, 2020 over the comparable span in 2019. Unit sales jumped 29.1% in the juvenile nonfiction category, led by huge demand for Big Preschool Workbook, which sold nearly 649,000 print copies in the period, and My First Learn-to-Write Workbook by Crystal Radke, which sold almost 595,000 copies.
The United States Postal Service filed notice with the Postal Regulatory Commission (PRC) today of price changes to take effect Jan. 24, 2021. The proposed prices, approved by the Postal Service Board of Governors, would raise Mailing Services product prices approximately 1.8 percent for First-Class Mail and 1.5 percent for other categories. Although Mailing Services price increases are based on the consumer price index, competitive International Shipping Services prices are primarily adjusted according to market conditions. The governors believe these new rates will keep the Postal Service competitive while providing the agency with needed revenue.
The Tetra Pak® Tubular Heat Exchanger equipment has become the first tubular heat exchanger to receive the EHEDG certification meeting the leading food safety standards in Europe, in accordance with new standards. Tubular Heat Exchangers are used for the heating and cooling of liquid food, so they are safe for consumption. The Heat Exchanger is the most critical component in a processing line as it is the hottest part during heat treatment and where fouling is most likely to occur. Therefore, innovation advances in hygienic engineering and design are key to consistently meet increasing food safety demands.
E-commerce is booming. According to the U.S. Census Bureau, Americans spent $211.5 billion on online shopping in the second quarter of 2020, up 31.8% quarter over quarter. Every one of those orders generated a shipment. And because of shelter in place policies, there’s an increased volume in large bulky items being shipped that would normally be purchased in stores. Packaging Digest finds that, “As much as 11% of unit loads arriving at a distribution center have some level of case damage.” Transport and handling issues are certainly a cause of this, but the root of the problem often lies in insufficient packaging. Shipping oversize packages is notoriously more expensive than standard parcels, racking up surcharges and additional handling fees, not to mention more labor intensive when it comes to finding the right container and materials. Click read more below for the rest of the article
Norske Skog has announced to employees and stakeholders in New Zealand that due to the likely irreversible and rapid negative impact that COVID-19 has had on the newsprint industry in the region, the group has engaged in a broad process to identify alternative production options to reposition the Tasman newsprint mill at Kawerau industrial site in New Zealand. Norske Skog will perform a strategic review process for the Tasman newsprint mill, which is located at the Kawerau industrial site close to the east coast of the North Island. The mill has a total annual production capacity of 150,000 tonnes. Several options for the long term future of this industrial site are being considered.
Metsä Board’s, part of Metsä Group, comparable operating result for the third quarter of 2020 is better than the company’s result guidance issued on July 30, 2020. The result guidance in Metsä Board’s January–June 2020 half-year financial report was: “Metsä Board’s comparable operating result for the third quarter of 2020 is expected to weaken compared to the second quarter of 2020.” The comparable operating result for the second quarter of 2020 was EUR 60.5 million. The comparable operating result for the third quarter of 2020 is estimated to be approximately EUR 62 million.
On 30 July 2020 in connection to the announcement of Metsä Group’s January-June 2020 results it was estimated that the comparable operating result will weaken in the third quarter of 2020 from the EUR 96 million in the second quarter. Mainly due to better than expected profitability in paperboard and pulp businesses Metsä Group’s comparable operating result was in the third quarter of 2020 better than in the second quarter. Based on preliminary unaudited information the comparable operating result was approximately EUR 115 million in the third quarter of 2020. Metsä Group will publish the January-September 2020 interim report on 29 October 2020.
The U.S. Postal Service provided new service performance data today to the House Committee on Oversight and Reform and the Senate Homeland Security and Governmental Affairs Committee for the week of Sept. 26 through Oct. 2, 2020. During the seven-day period, First-Class Mail and Marketing Mail performance experienced positive improvement in service delivery. Key performance indicators for the week of Sept. 26th include: *First-Class Mail: 85.97 percent of First-Class Mail was delivered on time, a 1.74 percent increase from the week of Sept. 19th *Marketing Mail: 89.82 percent of Marketing Mail was delivered on time, a 1.14 percent increase from week of Sept. 19th *Periodicals: 78.30 percent of Periodicals were delivered on time, a 1.42 percent decrease from the week of Sept. 19th. For First-Class Mail and Marketing Mail, 97.7 percent and 97.54 percent of mailpieces respectively reached their intended destination within two days of the initial estimated delivery date.
Join us at the virtual Consumer Goods Forum Sustainable Retail Summit (CGF SRS) later this month as we take a deep dive into the science behind forests and how they contribute to climate change mitigation through sequestration, storage and substitution. Sustainably managed forests are the most significant nature-based solution for action on climate change and carbon emissions. But how can global manufacturers and retailers play a meaningful role? Join us and the Sustainable Forestry Initiative (SFI) as we discuss this with two leading forest science experts at our CGF Special Session on 15 October. Together, we’ll discover how sustainable procurement policies that fully leverage forest certification support global action on climate and other key sustainability action targets.
Cascades Inc. announces that it will progressively and permanently close tissue production and converting operations at its Ransom and Pittston plants, located in Pennsylvania, between December 7 and January 31st of 2021. The two paper machines at the Ransom plant have a total annual production capacity of 50,000 short tonnes of tissue paper. Currently, the conversion of this volume into 6 million cases of product occurs primarily at the Pittston plant. These volumes will be moved to other Cascades plants and filled with additional capacity. The two sites employ a total of 229 workers. "The aging equipment of these facilities, the low profitability, the high logistic costs and our recently announced investments in other production and converting units in the U.S. have prompted us to move production to our other sites to optimize operational efficiency." said Jean-David Tardif, President and Chief Operating Officer of Cascades Tissue Group.
Electronics For Imaging, Inc.’s two new printers for the high-end, high productivity soft signage market help display graphics producers reach new heights in productivity and extend their capabilities. The EFI™ COLORS 340 printer announced today prints at up to 9,149 square feet per hour (in a four-color x 4 configuration) while providing unmatched color capabilities for premium-quality soft signage. For even higher-volume production environments, the EFI POWER 340 prints up to 16,835 square feet per hour. Leveraging technology from EFI Reggiani’s 70+ year legacy of best-in-class fabric printing, both new offerings have the ability to print with higher quality on a wider range of materials than other soft signage inkjet devices, with 100% penetration on both sides of the material. The printers offer added versatility and economical ink capabilities with their ability to print either direct to fabric or to transfer paper using the same inkset, eliminating the significant cost and downtime related to switching over inks.
National Average Price for Regular Unleaded Current: $2.189; Month Ago: $2.213; Year Ago: $2.646. National Average Price for Diesel Current: $2.385; Month Ago: $2.421; Year Ago: $3.001.
American Dollar to Canadian Dollar = 0.758945; American Dollar to Chinese Yuan = 0.149219; American Dollar to Euro = 1.179670; American Dollar to Japanese Yen = 0.009440; American Dollar to Mexican Peso = 0.047040.
Why do brands spend so much time and money on photoshoots? Because images matter a lot in marketing. The brain processes pictures first. But words matter, too. Alongside those great photos and great design is the copy on the page or screen. And this copy must be interesting, thoughtful and relevant. Most importantly, it must be engaging – driving your reader to take a very specific action (shop, donate, learn more, you get the idea). Sounds time-consuming to come up with just the right words, doesn’t it? It is. But like the fabulous photos your brand captures, engaging copy is another investment that’s well worth it. Because action from your reader means dolla dolla bills for your brand. Here are five tips to help you create copy that truly engages. go to: https://www.jschmid.com/blog/breakthrough-creative-gimme-5/
Ahlstrom-Munksjö advances into the North American customized digital printing market, and launches Ahlstrom-Munksjö WallStar® Digital, its new portfolio of fiber-based solutions for digital printing applications. Demand for customized digital printing is growing, led by changing consumer demand, where personalization is extremely important. Digitally printed wallcoverings can be used to change a room quickly, whilst at the same time add impact through use of personalized designs. Environmental aspects are also of high importance, as consumers in North America become more aware of sustainability and the type of materials they wish to use. Consequently, digital printers are looking for PVC free media which allows printing in small, unique, personalized quantities. WallStar® Digital is a directly printable, PVC free, nonwoven portfolio from Ahlstrom-Munksjö, delivering benefits for both printers and end users.
Metsä Board, the leading European producer of premium fresh fibre paperboards and part of Metsä Group, is delighted to announce that five cartons produced using its quality paperboards were selected as winners at the 2020 European Carton Excellence Awards at a virtual ceremony organised on 7th October. Metsä Board’s paperboard was used for the winner in the category of Food & Drink Packaging, Virgin Fibre, as well as for two Platinum Award winning cartons and for two Gold Award winning cartons. “The demand for packaging continues to grow and new, sustainable solutions as well as innovations are needed to replace fossil-based materials and to ensure circularity. Sustainability has become an integral part of packaging design,” says Maarten Florizoone, Sales Director, Converters Team at Metsä Board. “I am proud that Metsä Board’s ecological and recyclable paperboards were selected by our customers and partners for the five award winning packages, and I would like to congratulate all the teams behind the winning designs.” click read more below for details
Costco Wholesale Corporation reported net sales of $16.84 billion for the retail month of September, the five weeks ended October 5, 2020, an increase of 16.9 percent from $14.41 billion last year. September sales were positively impacted by two holiday shifts, Labor Day in the U.S. and Chuseok/Moon Festival in Asia. The estimated positive impact on September sales was slightly less than 100 bps worldwide, half relating to each holiday.
Fox News has been a home for numerous bestselling authors in the conservative publishing space, and the company has now upped its commitment to books with the creation of Fox News Books. Fox has signed a three-book deal with HarperCollins, whose Broadside Books will oversee the imprint. Both companies are owned by Rupert Murdoch. “We are excited to partner with HarperCollins, utilizing our vast library of content to further enhance the audience experience,” said Suzanne Scott, CEO of Fox News Media, in a statement. The current deal is for three books only and Fox News employees are free to sign with other houses. Live Free or Die by Fox News host Sean Hannity, for example, was released this fall by Simon & Schuster.
Berry Global Group, Inc. announced that it is investing in a state-of-the-art Reicofil R5 asset to provide incremental capacity to serve the fast growing Asia healthcare markets. The investment is targeted to meet forecasted market and customer growth and will be focused on high performance applications in the desired healthcare markets. The nonwovens investment supports Berry’s strategy to further its leadership position in healthcare. The new asset will be installed at Berry’s Nanhai, China, facility, which is strategically positioned to serve customers in the rapidly growing Southeast Asia region. Current projections are for startup in the September quarter of 2022. “We are committed to further partnering with our customers to pursue growth opportunities around the world. The added capacity achieved through this asset is a next step in advancing our market leading position in healthcare material solutions,” said Curt Begle, President of Berry’s Health, Hygiene, and Specialties Division.
In this blog post, we look at how working with your packaging provider early in the product development process can help combat food waste. If food waste were represented as a standalone country, it would be the third-largest emitter of greenhouse gases globally after China and the U.S.1This statistic may not be well-known, but it is one we are keenly aware of at Crown. That is why we have partnered with Dr. Lilly DaGama, a food waste consultant and founder of The Food Waste Doctor, to drill down into the food waste issue and discover where metal packaging can make an impact. The value of involving packaging manufacturers early in the process – even as early as the concept phase–as opposed to the point when a product is already developed can not be underestimated. Far more can be done to ensure the package itself can make a difference in terms of food waste if this is the case, as features can be incorporated before a concept goes into production.
Greif, Inc. announced it has been awarded a Gold Rating in sustainability performance by EcoVadis for the third year in a row. EcoVadis is an independent rating agency specializing in the evaluation of Corporate Social Responsibility (CSR), including sustainable development and performance monitoring of suppliers. This achievement places Greif among the top three percent of suppliers evaluated by EcoVadis. “We are pleased that our ongoing sustainability efforts have once again been recognized by EcoVadis with our third consecutive Gold Rating," said Pete Watson, Greif's President and Chief Executive Officer. “Greif’s commitment to sustainability is outlined in The Greif Way, is embedded in our business strategy and is critical to our customers’ success. I would like to thank our global colleagues for their continued commitment to sustainability and for their hard work to improve our performance in this key area.”
Sonoco announced it is implementing a $50/ton (USD/ST) increase on all domestic and export corrugating medium grades shipping from its Hartsville, S.C. paper mill. The prices are effective with shipments on and after November 2, 2020. According to Tim Davis, division vice president and general manager, Paper and Adhesives, U.S./Canada, Sonoco is responding to changes in market demand and extended order backlogs, in line with other North American containerboard producers.
In another example of private equity firms targeting investments in distressed companies in the printing industry, Menomonee Falls, Wis.-based catalog printing specialist Arandell has reached a potential asset purchase agreement with Saothair Capital Partners, which is located outside of Philadelphia in Radnor, Pa. On Aug. 13, Arandell Holdings announced that the commercial printing company, along with all its subsidiaries, voluntarily filed for business reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The investment in Arandell by a private equity concern is similar to the acquisition of Chicago-based LSC Communications last month by another private equity turnaround specialist: Atlas Holdings, of Greenwich, Conn. That transaction, which will take the publicly-held book, catalog, and magazine printing specialist; logistics provider; and office products supplier private, is expected to close in the fourth quarter of 2020.
Even before the COVID-19 pandemic, many school children were receiving less instruction on handwriting, especially cursive writing. But a July 2020 study by researchers at the Norwegian University of Science and Technology (NTNU) showed that, despite the move to remote learning and more time spent with screens and keyboards, children (and adults) still benefit from writing in cursive. The benefits of cursive writing, particularly for students with dyslexia, have been noted for several years. Researchers have found that all students benefit from learning handwriting. It improves hand-eye coordination, boosts memory and stimulates brain development. Dyslexia Awareness Month offers another opportunity to highlight how handwriting can help students with dyslexia, a learning disability that affects reading, spelling and writing. For these students, learning cursive writing can be the difference between underachievement and a successful academic experience.
WWF Russia and UPM have today released The Guidelines on Sustainable Forest Management for Wood Suppliers in Russia. This cooperation aims to help wood suppliers in adopting ecologically, socially and economically sustainable practices in wood supply and forestry. The guidelines bring together the requirements set out in both Russian legislation and international voluntary forest certification schemes. They offer practical instructions and provide examples of best practices in safeguarding biodiversity, mitigating environmental impact and encouraging work safety and interaction with local communities and other stakeholders.
UPM celebrated the official start of the construction of the state-of-the-art biochemicals facility in Leuna, Germany. The biorefinery investment of EUR 550 million is a major milestone in UPM’s strategic transformation. In Leuna, UPM will produce a range of 100% wood-based biochemicals that enable a switch from fossil-based products to sustainable alternatives in a number of end-uses such as plastics, textiles, cosmetics and industrial applications. Technology and process have been developed by UPM over the past ten years, mainly building on the company’s own innovation capabilities and selectively working with international partners. The biorefinery is expected to start up by the end of 2022.The investment has been awarded The Bio Act of the Year 2020 by the World BioEconomy Forum earlier in September this year.
North Equity announced that it has acquired a number of media brands from Bonnier Corporation. The acquisition includes Popular Science, Popular Photography, Saveur, Outdoor Life, Field & Stream, Better You and Interesting Things. The additions complement North Equity’s robust home platform, where Saveur will join BobVila.com and Kitchenistic to form a new food category. They will also create a new specialty media vertical under Popular Science and Popular Photography, and expand North’s growing footprint in the military, tactical and outdoor verticals, where it recently added Task & Purpose, one of the leading digital media properties for active-duty military and veterans.
A comprehensive review of the general conditions has shown that it is not possible to continue production economically on the board machine in Hirschwang an der Rax, Lower Austria. The age and design of the machine (year of construction 1952) as well as increased market requirements prevent continued existence. 150 employees are affected, discussions about a social plan have already been started. The supply of customers from other plants of the Mayr-Melnhof Group is guaranteed. The result of the cartonboard division is expected to be impacted by around EUR 25 million, the greater part of which is due to depreciation. The Hirschwang site is to concentrate on the existing folding box production (Neupack) with 215 employees in the future. Investments to strengthen the location in this area are being examined.
Sealed Air Corporation announced a three-year partnership with Gastromotiva, a nonprofit organization based in Brazil that uses the power of gastronomy, food, and education to address social inequality, improve nutrition education, fight hunger, eliminate food waste, and create local jobs. Since 2006, Gastromotiva has served more than 500,000 meals, recovered more than 220,000 pounds of food and engaged more than 100,000 people worldwide in nutrition education. Sealed Air’s investment will empower Gastromotiva to achieve food security goals that align across three pillars: *Education: Sealed Air and Gastromotiva will co-create a global education module on sustainable packaging and food waste reduction for students to learn more about innovations that minimize food waste. *Workforce Development: Sealed Air and Gastromotiva will develop a system to connect low-income youth and other vulnerable populations with Gastromotiva partners for job opportunities and career development. *Expansion: Gastromotiva will standardize its educational methodology and develop an integrated educational platform for expansion to strategic locations in Brazil and Mexico, which will ensure vulnerable communities have access to the Gastromotiva network of NGOs and partners working to create a sustainable food system.
One of these combinations is not like the rest: Oil and water. Day and night. Protection for fragile items and eco-friendly packaging. There’s a myth that packaging a fragile item with various forms of padding isn't eco-friendly. We’re here to tell you that belief is, in fact, entirely wrong. As one out of 10 packages arrives damaged, the perceived sustainability hit from protective packaging pales in comparison to the environmental impact of returning, repackaging, and then reshipping a new product. That’s why it’s critical to securely nestle fragile goods inside their respective boxes. Think about it: all it takes is just one accidental drop to damage or completely break an item before it reaches its final destination. And the last thing you want is a customer to enthusiastically unbox brand-new champagne glasses to find a pile of shattered glass instead. No matter how delicate an item is, there are numerous eco-friendly packaging solutions to guarantee its arrival in pristine condition. Here are four eco-friendly packaging options to ensure even the most delicate items travel safely and remain intact: click read more below for the rest of the article
Norwich City and Kotkamills are delighted to announce their sustainability partnership, the first ever in the club’s history. The multi-year partnership will see Kotkamills work with the club to reduce the amount of plastic waste that is disposed of as a by-product of food and drink at Carrow Road football stadium and the Lotus Training Centre. The partnership is a part of the measures aimed at achieving the club’s wider sustainability goals. Once fans are allowed back to the stadium, they will see the revolutionarily easily recyclable paperboard to have replaced plastic cups and food boxes. As a result, the changes already implemented will result in over 100,000 items switch to plastic-free over the next three years with a view of continuously implementing more sustainable measure over this time.
WestRock Company announced that it plans to reduce its solid bleached sulphate (SBS) mill system production capacity by 200,000 tons by shutting down one paper machine at its Evadale, Texas, mill. This shutdown of the paper machine at the Evadale mill is expected to occur by the end of 2020 and reduce headcount at the mill by 60 employees. The remaining two machines at the Evadale mill will continue to support important end markets, including liquid packaging, foodservice, food and premium coated pre-print liner for corrugated boxes, among other grades. The company’s total SBS production capacity after this action will be approximately 1.9 million tons.
Neenah Introduces conVerd Board® Wipe Clean™ and DigiScape® FootPrint™ Safe and Sustainable Wide Format Solutions for Conducting Business During COVID-19 Neenah expands its wide format portfolio to address significant market demand for safe signage solutions by offering new, innovative solutions with conVerd Board® Wipe Clean™ and DigiScape® FootPrint™. conVerd Board has long been the choice of brands searching for a recyclable alternative for structural signage. Now, Neenah introduces state-of-the-art conVerd Board Wipe Clean, the only 100% paper-based, fully recyclable product on the market with a wipeable, printable surface. It cleans with soap and water, protects with disinfectants, or with a dilution of bleach and water, as suggested by CDC guidelines. Through it all, the printable surface of conVerd Board Wipe Clean remains unharmed and visually uncompromised.
As a result of the weakening world economic outlook as well as the COVID-19 related restrictive measures and their consequences, the uncertainty in UPM’s market environment continues. To ensure future competitiveness, UPM keeps taking action to decrease fixed and variable costs in its businesses and functions. UPM’s label materials business UPM Raflatac plans to simplify its organisation and increase efficiency in operations and distribution. If implemented, the plans would reduce approximately 100 positions in UPM Raflatac’s global organisation, mainly in Europe. In addition, UPM aims to increase efficiency of its global functions by reorganising and streamlining the functions’ operations in five countries. If implemented, the plans would decrease the number of positions in the functions by up to 70, mostly in Finland and in Germany.
Four of the outdoor industry's oldest print magazines—Bike, Powder, Snowboarder, and Surfer—will cease publication indefinitely this year, according to multiple sources at the brands' parent company, A360 Media. TransWorld SKATEboarding, another A360 Media property, will also pause operations until further notice. Sierra Shafer, editor-in-chief at Powder, confirmed today that staff members at all five titles received indefinite furlough notifications late on Friday, October 2. Employees at Bike and Surfer were furloughed immediately, Shafer said, while Powder and Snowboarder staff learned the same would happen to them on November 20. None of the furloughed staff will be paid after operations cease.
Cascades Inc. is pleased to announce plans to proceed with the strategic Bear Island mill conversion project located in Virginia. Subject to obtaining final permits, the currently idled newsprint machine will be converted to a 1st quartile containerboard machine capable of producing high-quality, lightweight, 100% recycled linerboard and medium for the North American market. The total cost of the Bear Island mill project will be US$380 million, which includes the initial US$35 million acquisition cost paid to White Birch Papers in 2018. The plant will have an annual production capacity of 465,000 short tons and is scheduled to start up in the fourth quarter of 2022.
Crown van Gelder will start selling paper made with sugar beet in January 2021. This makes the Dutch paper manufacturer the first in the world to produce 'sugar beet paper' at an industrial level. The new product line called 'Crown Native' uses less wood fibres to achieve a reduced impact on the environment of 16% compared to traditional paper. Crown Native was developed with the Dutch agricultural cooperative Royal Cosun as a strategic partner. The agricultural process residue from Cosun's production process, beet pulp, forms a valuable resource for the paper. With Crown Native, Crown Van Gelder has succeeded in creating paper made out of 20% beet pulp, thus achieving environmental gains in several areas. Due to the local sourcing, far less transport is required. As a result, Crown Native realises a significant reduction in CO2 emissions and particulate matter formation. Moreover, by using beet pulp, the production process requires less water. 'And because we're using a residual source, no additional agricultural land is needed,' Dronkers adds. A big advantage of using sugar beet pulp is that it is FDA compliant. 'The pulp is classified as a former food product,' Dronkers explains. As a result, Crown Native is approved and suitable for food packaging, unlike recycled paper for example. Dronkers: ‘This makes our sugar beet paper the ideal choice for product packaging, but also for shopping bags and promotional print. Crown Native is the perfect fit for brands with a sustainability ambition.’
Sofidel announced the formal opening of its second greenfield plant in the United States, signaling a significant expansion by the company in response to consumer demand. The 1.8 million-square-foot production plant is fully operational in Inola, Okla., leveraging one of the United States’ most recently built paper manufacturing facilities, equipped with state-of-the art technology. The $360 million technologically and environmentally advanced plant is Sofidel’s second greenfield investment in the U.S.. An integrated facility, with its paper mill that transforms pulp into paper and the converting plant that makes the finished product, it can turn out 120,000 tons of tissue annually.
Across all environmental issues related to the manufacture of paper-based products in North America, the harvesting of trees for wood fiber is arguably the most familiar, yet also the most misunderstood. Decades of misguided marketing messages that suggest using less paper protects forests along with deliberate anti-paper campaigns by environmental groups that twist scientific facts to suit their own agendas have left many feeling guilty for using products that are inherently sustainable. They are made from a renewable resource, are recyclable and are among the most recycled products in the world, and are manufactured using a high level of renewable energy – all key elements in a circular economy. In the U.S., total forest area increased by 18 million acres between 1990 and 2020, which averages out to the equivalent of around 1,200 NFL football fields every day. Canada’s total forest area remained relatively stable over the 30-year assessment period at approximately 857 million acres. Approximately 59% of forestlands in North America has long-term forest management plans.
The Supreme Court agreed on Friday to hear an appeal by the Federal Communications Commission over its attempt to loosen restrictions on a company's ability to own a local broadcast station and newspaper in the same market. The FCC has been attempting to revise restrictions on cross-ownership since 2003, but the agency's efforts have repeatedly been struck down in court. The most recent FCC attempt occurred in November of 2017, when the agency voted 3-2 to do away with several ownership restrictions -- including one that prevented the same company from owning a newspaper and broadcast station in the same market.