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.