Finnish food and beverage company Paulig is testing UPM BioVerno naphtha, made from tall oil, as a raw material for its packaging. The first test batch with Paulig Café New York has been successfully packed and released to market. UPM BioVerno is produced from tall oil, a residue of pulp making, in the UPM Lappeenranta Biorefinery. In the new laminate tested over the half of the material used in the Paulig coffee packs is tall oil-based. “We are committed to replacing fossil-based raw materials with renewable ones. Paulig’s initiative to use our wood-based UPM BioVerno as a raw material in the laminates of their coffee packs is a further step towards creating more circular and sustainable packaging,” says Panu Routasalo, Vice President of UPM Biofuels.
J. C. Penney Company, Inc. announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the Company’s Plan of Reorganization to create separate property holding companies comprising 160 of the Company’s real estate assets and all of its owned distribution centers, which will be owned and operated by JCPenney’s DIP and First Lien Lenders. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. The Plan is pursuant to the Company’s asset purchase agreement with Simon Property Group and Brookfield Asset Management, Inc. and the Company’s DIP and First Lien Lenders, supported by the Unsecured Creditors Committee. The APA also provides that Simon and Brookfield are acquiring JCPenney’s retail and operating assets. The PropCos and OpCo will enter into master leases with respect to the properties and distribution centers moved into the PropCos.
German media giant Bertelsmann said Wednesday that its Penguin Random House division is buying rival Simon & Schuster in a megadeal that would reshape the U.S. publishing industry. Penguin Random House, already the largest American publisher, will buy the New York-based Simon & Schuster, whose authors include Stephen King, Hillary Clinton and John Irving, from TV and film company ViacomCBS for $2.17 billion in cash. “Simon & Schuster strengthens Bertelsmann’s footprint globally, and (particularly) in the U.S., its second-largest market,” the Guetersloh, Germany-based company said in a statement. The purchase of Simon & Schuster would reduce the so-called Big Five of American publishing — which also includes HarperCollins, Hachette Book Group and Macmillan — to four.
Cascades Inc. announced that its Laval plant in Québec, specializing in the manufacture of napkins for the away-from-home market, will be closing on June 30, 2021. The Laval plant has an annual converting capacity of 1.4 million cases. This volume will be moved to other Cascades plants and filled by additional capacity. The plant currently employs 54 workers. Until the plant is closed, Cascades will work closely with its employees to reduce the impact of this announcement. Among other things, it will offer to relocate as many employees as possible to its many other business units in Québec. Employees who are not able, or do not wish to relocate to other plants will be offered support in their search for other employment.
Globally accredited sustainability ratings provider EcoVadis has scored Sappi Southern Africa Platinum Medal status in its assessment of how well the company has integrated sustainability principles into its business and management system. EcoVadis is the world’s largest and most trusted provider of business sustainability ratings, creating a global network of more than 65,000 rated companies. Sappi Southern Africa scored 79 out of 100 in its assessment, affording it Platinum Medal status and placing it in the top one percent of companies assessed by EcoVadis worldwide.
The ACMA jointly filed comments with MPA - The Association of Magazine Media, and PostCom supporting the US Postal Service's proposal for estimating the volume variability of labor costs associated with the automated distribution of letters and flats. In the comments, the groups contend that it's time "to abandon the assumption that most mail processing activities are nearly 100-percent volume variable. That assumption lacks empirical support." Calling for the Postal Regulatory Commission to approve the USPS's costing proposal, the groups also urge the Commission to look beyond it and to hold the Postal Service accountable for rightsizing its flats sorting operations in response to volume declines.
Rolland President Philip Rundle speaks with Ivy Life & Style Media, whose niche publications and properties serve Virginia’s Charlottesville-Albemarle region and the nearby wine country. Jennifer Bryerton, co-publisher of Ivy and editor-in-chief of its Wine & Country Life magazine, talks about publishing in a local market, contributing to a sustainable community, and creating a cookbook that will feed businesses, farmers and people in a time of need. Ivy Life & Style Media is a lively small busines • Located in Ivy, Virginia, near Charlottesville, with a team of employees who create print and digital publications, provide media services, and run a boutique. • Publisher of community-oriented magazines and books under three popular brands: CharlottesvilleFamily, Charlottesville Welcome Book and Wine & Country. • Wine & Country Life, a 150-page magazine published twice a year, covers the lifestyle and culture in Virginia’s beautiful wine country. • Ivy Life & Style Media is a Virginia certified SWAM (small women-owned and minority-owned) business as well as a Certified Virginia Green Travel Partner.
Nordstrom, Inc. reported third quarter results, which reflected sequential improvement in sales and earnings relative to the prior quarter. The Company generated earnings before interest and taxes (EBIT) of more than $100 million, supported by improved merchandise margin trends and benefits from resetting its cost structure. Earnings per diluted share of $0.34 included an income tax benefit of $0.12 related to the CARES Act. For the third quarter ended October 31, 2020, net sales decreased 16 percent from last year and included a positive impact of approximately 10-percentage points due to the shift of the Nordstrom Anniversary Sale from the second quarter to the third quarter this year. Digital sales of $1.6 billion accounted for 54 percent of Nordstrom's business.
Net sales were flat year-over-year, reflecting a 61% increase in online sales, offset by a 20% decline in store sales. Notably, 40% of the company’s sales were online in the third quarter. As noted during the company’s Investor Meeting, held in October 2020, the company aspires to achieve 50% of its sales from online by the end of 2023. Third quarter fiscal year 2020 comparable sales were up 5%, driven by the strength of Gap Inc.’s scaled ecommerce business, which added over 3.4 million new customers during the quarter. The comparable sales calculation reflects online sales and comparable sales days in stores that were open. Gross margin was 40.6%, a 160 basis point improvement versus last year. This improvement is consistent with the strategic focus outlined in last month’s Power Plan 2023 discussion of opening highly-profitable Old Navy and Athleta stores, while also closing select unprofitable Gap and Banana Republic stores, yielding significant rent and occupancy savings. In addition, a lower level of promotions contributed to higher product margins in the quarter. The benefits of lower rent and occupancy and higher product margin were partially offset by higher shipping expenses associated with the company’s growth in online sales. Operating income was $175 million or 4.4% of net sales.
Kohl’s is proud to have been named to the 2020 Dow Jones Sustainability Index (DJSI) North America by S&P Global. This marks the third year in a row the company has received the designation for its sustainability performance and environmental, social and governance (ESG) commitments. “The DJSI’s continued recognition of Kohl’s serves as a reliable indicator of the strength of our ESG stewardship initiatives,” said Steve Thomas, Chief Risk and Compliance Officer for Kohl’s. “We believe that incorporating sustainable solutions into the way Kohl’s conducts business will help to build better futures for our customers, our associates, and their families and we are pleased to be acknowledged for these efforts.”
Forest certification evolved from concerns about the destruction of tropical forests. Yet after more than two decades of combined efforts by PEFC and FSC, less than a tenth of the global certified forest area is tropical forest. It is time for a new boost for forest certification of tropical forests, and PEFC - together with a diverse coalition of stakeholders - is making great strides towards this goal. The loss of tropical forests was high on the agenda of the 1992 Earth Summit, but governments failed to agree on a legally binding agreement on this topic. Yet it gave raise to something potentially more important: the insight that deforestation cannot be tackled in isolation, but needs to be part of a holistic, global effort to promote sustainable forest management (SFM). As a result, the concept of “criteria and indicators for Sustainable Forest Management” became more widely accepted internationally, and eventually led to Pan-European criteria and indicators for SFM (MCPFE) and criteria for the sustainable management of tropical forests (ATO/ITTO).
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 6.3% in October after gaining 5.7% in September. In October, the index equaled 106.8 (2015=100) compared with 114 in September. “While there are indications that the economy is losing momentum, I believe October’s tonnage softness was more of a seasonal issue during a pandemic than anything else,” said ATA Chief Economist Bob Costello. “Typical seasonality is off this year and it was a reason why October was down so much. Not seasonally adjusted tonnage was down a fraction as much as normal over the last five years during September, leading to a big seasonally adjusted gain. However, that means October’s not seasonally adjusted tonnage grew less than half as much as it typically does, leading to a big drop in the seasonally adjusted figure. There are plenty of carriers still saying that tonnage, retail tonnage in particular, is good.”
There have been a number of discouraging headlines over the past few years about recycling. In 2019, China stopped accepting our recycling waste, causing a drastic increase in the amount of waste in landfills. There’s also growing doubt about the paper and plastic thrown into your curbside recycling bins, raising questions on whether or not it will ultimately be processed for reuse. The good news is, it’s not challenging to ensure your recycled packaging makes it back into the circular economy. Here are four easy steps to take: *Check With Your Local Government *Know If Recyclables Can Be Picked Up Curbside *Properly Clean Waste Before Putting It in the Bin *Research Store and Manufacturer Recycling Policies
Total European shipments of graphic papers in September 2020 were down 15.0% vs. September 2019 and year-to-date shipments are down 20.0%. Total European shipments of newsprint in September 2020 were down 14.8% vs. September 2019 and year-to-date shipments are down 18.0%. Total European shipments of sc-magazine in September 2020 were down 12.1% vs. September 2019 and year-to-date shipments are down 19.1%. Total European shipments of coated mechanical reels in September 2020 were down 23.4% vs. September 2019 and year-to-date shipments are down 27.6%. Total European shipments of uncoated mechanical (improved & others) in September 2020 were down 2.6% vs. September 2019 and year-to-date shipments are down 9.0%. Total European shipments of coated woodfree in September 2020 were down 23.0% vs. September 2019 and year-to-date shipments are down 26.4%. Total European shipments of uncoated woodfree in September 2020 were down 7.1% vs. September 2019 and year-to-date shipments are down 14.9%.
Matti Koski’s role is to establish North American businesses and increase board sales and help other businesses in North America. Koski reports to Ari Tanninen, the Senior Vice President of the Consumer Board business. Matti has lived in the United States since 1997, where he has worked e.g. at Stora Enso for more than 15 years. For the last seven years, Koski has run his own consulting company and collaborated, e.g. with Kotkamills Oy. We wish Matti good luck and success in his new challenges.
Paper Excellence Canada announced that it plans to restart the number 3 paper machine at its Catalyst Paper mill in Crofton, British Columbia in early January 2021. The restart reflects the strong performance being delivered by Catalyst’s paper sales force and paper operations making both existing printing and writing grades with new food and packaging papers. The machine was curtailed in the spring of 2020 after the impacts of an external malware attack, a forest fibre shortage, and the COVID-19 pandemic simultaneously impacted paper production as well as global paper demand. Approximately 58 jobs will return with the startup of the paper machine at the Crofton facility bringing its total employee count to about 560. Crofton is one of Canada’s largest pulp and paper mills responsible for injecting almost $3 million into BC’s economy daily.
Please note that our Standard 45g Newsprint price will increase by $20/MT for shipments on or after January 1st, 2021, and will increase by an additional $20/MT for shipments on or after February 1st, 2021. Prices for all other basis weights and uncoated mechanical publishing grades will be adjusted accordingly.
We are announcing a US$40/metric tonne (for 45.0 gsm) newsprint price increase to be phased in over two months. The price will increase US$20/metric tonne effective with shipments on or after January 1, 2021 and a second US$20/metric tonne increase will be implemented with shipments on or after February 1, 2021. Other basis weights will be adjusted accordingly.
Urban Outfitters, Inc. announced net income of $77 million and record earnings per diluted share of $0.78 for the three months ended October 31, 2020. For the nine months ended October 31, 2020, net loss was $27 million and loss per diluted share was $0.28. Total Company net sales for the three months ended October 31, 2020, decreased 1.8% over the same period last year to $970 million. Comparable Retail segment net sales were flat as a result of negative retail store sales driven by lower store productivity due to reduced store traffic, offset by strong double-digit growth in the digital channel. By brand, comparable Retail segment net sales increased 17% at Free People and 4% at Urban Outfitters and decreased 9% at the Anthropologie Group. Wholesale segment net sales decreased 24%. For the three months ended October 31, 2020, the gross profit rate increased by 79 basis points versus the prior year’s comparable period. Gross profit dollars increased 0.6% to $322.9 million from $321.1 million. For the nine months ended October 31, 2020, the gross profit rate decreased to 24.3% from 32.2% in the prior year’s comparable period. Net income for the three months ended October 31, 2020, was $77 million and earnings per diluted share was $0.78. Net loss for the nine months ended October 31, 2020, was $27 million and loss per diluted share was $0.28.
Recent highlights include: -Chico's FAS continued its evolution to a digital-first company, fast tracking several investments in innovative digital technology, leading to higher customer engagement and improved sales. -For the third quarter, total sales improved 14.8% from the thirteen weeks ended August 1, 2020 (the "second quarter"), driven by robust digital performance and rebounding store revenues. -Third quarter digital sales grew by double digits for the second quarter in a row. Year-over-year digital sales grew in all three brands, and Soma led the way with 67% growth compared to the thirteen weeks ended November 2, 2019 ("last year's third quarter"). -Soma achieved a 10.5% total comparable sales growth for the third quarter compared to last year's third quarter. -Total third quarter gross margin rate was up 740 basis points compared to the second quarter, reflecting a higher percentage of full-price selling on leaner inventory, reduced inventory write-offs and leverage of fixed occupancy costs.
Domestic Segment Q3 FY21 Results: Domestic revenue of $10.85 billion increased 21.0% versus last year. The increase was primarily driven by comparable sales growth of 22.6%, which was partially offset by the loss of revenue from permanent store closures in the past year. Domestic online revenue of $3.82 billion increased 173.7% on a comparable basis, and as a percentage of total Domestic revenue, online revenue increased to approximately 35.2% versus 15.6% last year. Domestic gross profit rate was 24.0% versus 24.3% last year. The gross profit rate decrease of approximately 30 basis points was primarily driven by higher supply chain costs as a result of the increased mix of online revenue and lower profit-sharing revenue from the company’s private-label and co-branded credit card arrangement. These pressures were partially offset by a more favorable promotional environment. International Segment Q3 FY21 Results: International revenue of $1.0 billion increased 25.4% versus last year. This increase was primarily driven by comparable salesgrowth of 27.3%, which was partially offset by the impact of approximately 140 basis points of negative foreign currency exchange rates. International GAAP gross profit rate was 19.0% versus 22.5% last year.
A summary of results for the third quarter ended October 31, 2020 as compared to the third quarter ended November 2, 2019: -Net sales of $820 million, down 5% as compared to last year, reflecting the adverse impact of COVID-19 on store sales. -Digital net sales increased 43% to $382 million reflecting robust growth in every month of the quarter. -Gross profit rate improved 390 basis points to 64.0% on higher average unit retail and lower average unit cost, benefiting from inventory shrink favorability of approximately 100 basis points and changes in foreign currency exchange rates of approximately 90 basis points. -Operating income improved to $59 million and $65 million on a reported and adjusted non-GAAP basis, respectively, as compared to $14 million and $25 million last year, on a reported and adjusted non-GAAP basis, respectively. -Generated positive operating cash flows of $63 million during the third quarter ended October 31, 2020, ending the quarter with $813 million of cash and equivalents and liquidity of approximately $1.2 billion.
Walmart is continuing to strengthen its in-house capability to deliver online orders. The discount giant is purchasing the talent, technology platform, and intellectual property of JoyRun, a Silicon Valley-based startup. JoyRun operates a peer-to-peer last-mile delivery platform which enables users to pick up and deliver items for friends and neighbors. JoyRun has built a network of more than 540 official retail partners, and more than 30,000 people have served as drivers or “runners” since the compny launched in 2015. According to Walmart, this acquisition allows it to further augment its delivery team and support ongoing efforts to explore more ways to deliver online orders in the future. In a LinkedIn post announcing the acquisition, Srini Venkatesan, executive VP of Walmart Global Tech, said that JoyRun runners could complement Walmart’s Spark program for independent delivery contractors, as well as third-party delivery providers such as Instacart.
The detail that has most captured industry members’ attention in the New York Times report that HarperCollins and Penguin Random House are the favorites to acquire Simon & Schuster is the news that the purchase price is expected to be at least $1.7 billion. That figure is at the top end of original estimates of $1.2 billion–$1.7 billion for the price of the country’s third-largest trade publisher. The sale of S&S will be the largest acquisition in North American trade publishing since HarperCollins bought Harlequin in 2014. It will also be one of the few recent transactions in which the revenue of the target company is public and the purchase price may also become public.
DS Smith supports the first virtual tree-planting initiative in the country. DS Smith has engaged with the Romanian association “Viitor Plus – Asociația pentru dezvoltare durabilă” to donate 1,500 boxes made of recycled cardboard. The boxes are used for shipment of planting kits for the local ‘Adopt a tree’ initiative. As part of the this initiative tree-planting kits are distributed and delivered at the doorstep of each donor. Each delivered kit will include seven trees, planting instructions and access to a Facebook community organized by the association that is focused on the protection of natural resources. The donors will decide where to plant the trees and will share their experience on social media.
Inteplast Engineered Films (IEF) has launched InteGreen, a revolutionary family of durable and sustainable films incorporating post-consumer resin, bio-based materials, compostability, and recycle-ready properties. IEF President Bob Stein said, “The IEF team is very excited about officially launching our growing product line under the umbrella of the InteGreen brand. We know how important it is to be responsible to our environment and to provide sustainable product choices as there is no monolithic solution to protecting our ecosystem. Behind our marketing sustainable products under the InteGreen brand are our deep technical, operational, and selling resources that bring answers to customers seeking sustainable solutions.” The InteGreen film line comprises four types: *Film made with PCR (FDA-LNO for food or non-FDA for industrial use) *Film made with bio-based starch for produce, agricultural, and industrial applications *Recycle ready films *Compostable films
The trends in packaging printing are obvious: ever-declining run lengths, an increasing number of stock keeping units (SKUs) and more demanding embellishments to attract consumer attention – all of this against the backdrop of extremely short delivery times and sustainability. Special applications and the need for flawless production also add to the complexity. How can folding carton manufacturers manage this in a cost-effective way, even in Covid-19 pandemic times? Seeking an answer to this question, packaging printers in North America are increasingly investing in Heidelberg solutions for cost-effective production. “Since the onset of Covid-19 in March 2020, Packaging and Label Printers in North America have been very resilient against the downturn of the economy due to increased consumer demand for packaged goods in both grocery stores and pharmacies. Many of these printers have even grown during the crisis and are looking to invest or have recently invested in new machines and workflow from Heidelberg,” explains Felix Mueller, President of Heidelberg Americas.
E-Commerce mailer bags made from BillerudKorsnäs’ Xpression E-com paper have 50 percent lower fossil emissions than virgin plastic mailer bags and using this leads to the removal of biogenic carbon from the atmosphere. This is proven by a new independent study that compares the environmental impact of different types of e-commerce packaging. The global E-commerce market was already growing faster than other traditional channels prior to Covid-19, but the pandemic has boosted the move from brick and mortar stores to online purchasing. This transition is driving demand for packaging and increasing the stress on the planet from packaging waste. Retailers are currently stocking up for the Black Friday purchasing frenzy, the one-day event that has long been considered the unofficial kickoff to the holiday shopping season. E-commerce mailer bags made of Xpression E-com paper is one opportunity to meet the customer’s increasing demand for sustainability and will reduce the environmental impact of this surge in shopping. “ BillerudKorsnäs’ mission to challenge conventional packaging for a sustainable future clearly sets out why we exist how we view our role in society. Xpression E-com is a classic example of how we think outside the box when fighting climate change and reducing plastic waste”, says Malin Ljung Eiborn, Director of Sustainability at BillerudKorsnäs.
Efforts to reduce water use, use energy efficiently and streamline resources used to ship products across the U.S. earned employees and GP facilities a variety of awards from the EPA this fall. At the beginning of November, Georgia-Pacific facilities received several awards and certifications, including the ENERGY STAR® Top Project for 2020, an ENERGY STAR® Certification and the SmartWay Excellence Award. The Leaf River cellulose mill in New Augusta, Mississippi, became the first U.S. pulp mill to earn the EPA’s ENERGY STAR certification, signifying that the manufacturing facility performed in the top 25 percent of similar facilities nationwide for energy efficiency this year.
A collaborative effort between Sappi, MaBe and Kegelmann Technik GmbH from Rodgau-Jügesheim has culminated in the development of a biobased alternative for an injection moulding birdfeed-adapter. This development used the expertise of all partners. MaBe a German based company focused on upcycling and sustainability, sells lanterns made from recycled soda bottles. With recent innovation and adapters, these lanterns could now be used for bird-feeding devices. Partnering with Kegelmann Technik GmbH from Rodgau-Jügesheim, experts in the field of material composite formulations, these adapters were produced efficiently from more sustainable material. Instead of regular plastic, a natural fibre composite material was proposed. Sappi Symbio provided that alternative being a highly resistant, biocomposite cellulose fibre derived from responsibly managed renewable forests. This partnership has reflected the need for developing mutually beneficial, value adding products that could be recycled. This places a shared responsibility to move toward a sustainable future and recognise it is work that cannot be done alone.
As a way of thinking, sustainability is well suited to forestry, since forests have traditionally been seen as an asset that will benefit several generations. From a forest owner’s point of view, the most essential factor in climate change mitigation is ensuring that forests remain viable. “Making sure that forests are in a fit state to grow is key. When trees fall, the carbon that has been stored in them is released,” says Jyrki Kangas, Professor of Forest Bioeconomy at the University of Eastern Finland. The trees and soil in forests absorb carbon dioxide and act as carbon reservoirs. In principle, extending forest turnover times improves the carbon balance, but trees cannot be left to grow infinitely. The optimal time for harvesting, considering both forest productivity and the climate, is before tree growth begins to slow down and trees become more susceptible to damage. From the point of view of carbon binding, it is essential that forests produce wood as efficiently as possible. The faster a forest grows after a regeneration felling, the faster it will begin to store carbon.
The Postal Service is pleased to announce that the 2021 Mailing Promotions Calendar has also been approved. As in prior years, promotions provide incentives and discounts to commercial mailers who use specific techniques and technologies in their mailings that can increase customer engagement and drive response rates. The techniques highlighted in the promotions include the use dynamic color, new print techniques, mobile technology, omnichannel experiences and the integration of emerging technologies. The 2021 Promotions are as follows: *Tactile, Sensory & Integrative Mailpiece Engagement; *Emerging and Advanced Technology; *Mobile Shopping; *Earned Value Reply Mail; *Personalized Color Transpromo; *Informed Delivery. The 2021 promotion calendar is posted on the PostalPro website at: https://postalpro.usps.com/promotions. All promotion requirements and further information are expected to be posted by the end of next week. Questions can be directed to the Mailing Services Program Office at firstname.lastname@example.org.
Neenah, Inc. announced that on November 19, 2020, its Board of Directors renewed the Company’s share repurchase plan for up to $25 million of its outstanding common stock effective January 2021. The current share repurchase plan remains in effect through December 31, 2020. Purchases by the Company under the program would be made from time to time in the open market or in privately negotiated transactions in accordance with the requirements of applicable law. The timing and amount of any purchases will depend on share price, market conditions and other factors. The program does not require the Company to purchase any specific number of shares and may be suspended or discontinued at any time.
With all categories posting gains of at least 11%, unit sales of print books jumped 19.5% in the week ended Nov. 14, 2020, over the comparable week in 2019, at outlets that report to NPD BookScan. There were no new books that made a big splash in the week, with the overall increase due to strength in both backlist and frontlist titles. The World Needs Who You Were Made to Be by Joanna Gaines was the top new title, selling more than 43,000 copies and helping to lift unit sales in the adult nonfiction category by 11.9%. Unit sales rose 22.5% in adult fiction over the week ended Nov. 16, 2019. Michael Connelly’s The Law of Innocence was #1 in the category, selling more than 43,000 copies in its first week.
Crown Holdings, Inc. is now operating all 14 of its beverage can plants in the U.S. and Canada on renewable energy. It is the first metal packaging manufacturer to achieve this milestone, which is the result of a 15-year wind power Virtual Power Purchase Agreement (VPPA) with Longroad Energy. With the VPPA in effect and all of Crown's manufacturing facilities in the U.K. already completing a similar transition, 27.5% of the Company's global operations are now using renewable electricity. This accelerated usage of alternative power sources serves as a major step in Crown's plan to employ 60% renewable electricity by 2030, 90% by 2040 and 100% by 2050—targets established in Crown's Twentyby30 initiative, a comprehensive sustainability program that addresses climate issues among other areas of urgent global concern. The action also supports Crown's Twentyby30 goal to decrease Scope 2 greenhouse gas (GHG) emissions within its global operations, targeting a 50% combined reduction in absolute Scope 1 (fuel) and Scope 2 (electricity) emissions. The transition reflects Crown's commitment to the RE100, which is led by The Climate Group and CDP and focuses on accelerating the transition to zero carbon grids at global scale.
Packaging leader Smurfit Kappa has joined forces with KHS, one of the world’s leading manufacturers of filling and packaging systems for the beverage and liquid food industries, to roll out its sustainable TopClip multipack product for bundling canned beverages. The partnership brings to the market an end to end solution for beverage companies, including a combined unique and innovative packaging solution and high speed, efficient packaging machines. Launched last year at Smurfit Kappa’s global Better Planet Packaging Day, TopClip is a recyclable solution that replaces the need for shrink wrap, therefore providing an option for substituting plastic with sustainably sourced paper-based packaging. TopClip is free from additional glue, meaning it is 100% plastic free, also allowing for a greater ease to remove or pull apart the cans. The patented product addresses the needs of consumers who are looking to retailers and brands to provide more environmentally friendly packaging.
Sonoco Protective Solutions announced the addition of two new paper-based packaging options for heavy and high-value products to its EnviroSense® line of more sustainable packaging: the EnviroSense FiberMax™ Bulk Box and the EnviroSense FiberMax™ Master Roll package. FiberMax Bulk Box packaging is designed to help companies with products weighing thousands of pounds protect their items, maximize transportation efficiency, reduce storage space, increase stacking strength and make it easy for their customers to recycle the packaging at the end of its useful life. Similarly, EnviroSense FiberMax Master Roll packaging helps manufacturers of equally heavy, high-value materials in roll form such as films, foils and laminates avoid damage, reduce costs, improve storage utilization and simplify recycling after use.
Total Boxboard production in October decreased two percent compared to October 2019. It was down three percent when compared to the same 10 months of 2019. The boxboard operating rate was 93.6 percent, up 0.8 points from October 2019 and down 0.6 points year-to-date. Solid Bleached Boxboard production in October increased one percent compared to October 2019. It was down six percent when compared to the same 10 months of 2019. Recycled Boxboard production in October decreased five percent compared to October 2019. It was down two percent when compared to the same 10 months of 2019. Unbleached Kraft & Gypsum production in October decreased three percent compared to October 2019. It was down one percent when compared to the same 10 months of 2019.
Total Containerboard production in October increased three percent compared to October 2019. It was up four percent when compared to the same 10 months of 2019. October 2020 production of containerboard for export decreased 13 percent compared to the same month last year; it was up 15 percent year-to-date. The containerboard operating rate was 98.1%, up 3.6 points from October 2019 and up 2.8 points year-to-date. Mill inventories of containerboard at the end of October decreased six thousand short tons from the previous month, and were up 42 thousand short tons compared to October 2019.
Drive down almost any street in America and you’re bound to see them— brown shipping boxes (many made by Georgia-Pacific). They’re stacked up in apartment complex offices; slung on front porches and lining the back doors of many businesses. Ecommerce demand has tended to be more seasonal because of holiday shopping, but the last several years the seasonality has flattened somewhat as online purchasing has become more common throughout the rest of the year. The pandemic is also having an impact on demand. In fact, COVID-19 has created approximately a 30-40 percent increase in demand for boxes, as many are ordering online to decrease in-person shopping trips. Unlike the grocery store, there is no “paper or plastic” option in your online cart. These days, almost everyone gets a box (or a shipping envelope) and those home deliveries are expected to continue. Georgia-Pacific has 40 operations in the U.S. dedicated to making brown paper (called containerboard) and converting that paper into boxes of all kinds. Watch this 1-minute video for some behind the scenes “How It’s Made” footage.
Over the past few years, recycled paper made from 100% secondary fibers has turned the Koehler Paper Group into the premium provider of creative board. A firm favorite of the crafting and office segments, this product has recently established itself in the packaging industry and has even gained traction in the high-end segment. While Koehler Paper Group's plant in Thuringia impresses with its "Blue Angel" eco-label, the brilliant colors of its paper products are the real highlight. The newest addition to the range is called "EcoBlack". Udo Hollbach, managing director of Koehler Greiz GmbH & Co. KG has this to say about the new product: "EcoBlack is an extraordinarily high-quality paper that captivates with a deep, rich black and was specially developed for high-quality packaging. It is the next logical step for our range of vibrantly colored recycled paper. With this product, we are catering to our customers' wish that a product avoids doing harm to human health or the environment, without having to sacrifice its aesthetics. EcoBlack is lightfast, resistant to bleeding, color migration and wear." For the product developers at Koehler, it goes without saying that all its paper is ideally suited to further processing. Since EcoBlack is produced completely carbon-free, it lends itself particularly well to embellishment through foil stamping.
The Postal Regulatory Commission approved the price adjustments for the market dominant mail categories, including First Class, Marketing Mail, Periodicals, Package Services, and Special Services Products and related classifications. The new rates take effect on January 24, 2021. As we reported to the membership previously, the rate increase contains a provision for catalog postage costs to increase at 2% more than the Marketing Mail Class average. Since we have now exhausted our remedies with the PRC, we are left only with an attempt to appeal directly to Members of Congress about this ruling and seek interest in pushing for a review of this nonsensical demand. It is not curing the problem, and is in fact making it worse by driving more mail out of the system without addressing the root cause. ACMA is desperately seeking any company with employees or operations in any of the following zip codes: 20069 20070 20109 20110 20112 20119 20120 20121 20122 20124 20136 20137 20155 20156 20168 20169 20171 20181 20182 22003 22009 22015 22027 22030 22031 22032 22033 22035 22038 22039 22044 22060 22079 22081 22082 22102 22116 22118 22119 22120 22121 22124 22125 22150 22151 22152 22153 22156 22158 22159 22160 22161 22180 22181 22182 22183 22185 22191 22192 22193 22194 22195 22199 22308 22309 22312 Please search your contacts, customers, and prospects to see if you can give us the name(s) of companies in one of these zip codes. Rep. Gerry Connolly, from Virginia’s 11th District, which includes Fairfax County, Prince William County, and the City of Fairfax in Northern Virginia, and who is also Chairman of the subcommittee with postal oversight, has demonstrated interest in this matter. If we can find one or more constituents in Mr. Connolly's district, they will be of great help in getting Congressional visibility on the plight of catalog mailers and the poor management of the category by postal policy makers. ACMA will continue to work with USPS managers on flats cost reduction but increasing the pressure from Congress will help motivate officials to faster action. Send an email to email@example.com to let us know if you identify any catalog interests in Mr. Connolly’s district.
Amazon announced 2020’s Best Books of the Year, selecting Brittany K. Barnett’s “A Knock at Midnight” as the top pick. The inspiring true story is a brilliant memoir of Barnett’s own journey navigating the criminal justice system, which also chronicles the stories of three of her clients. Their lives—including their crimes, their families, and their jail time—are rendered with such care and compassion that the Amazon Books Editors found it impossible to put down. The process of choosing the Best Books of the Year begins the year prior, as the Amazon Books Editors begin debating the list for January’s Best Books of the Month. The editors collectively read thousands of books each year in service of creating an editorially curated list and reviews each month. These monthly lists culminate in the Best Books of the Year, which includes an overall Top 100 for 2020 as well as top lists for individual genres like literature & fiction, mystery and thriller, children’s books, cookbooks, food & wine, and young adult—all to help customers find their next favorite book or thoughtful holiday gift pick.
The U.S. Postal Service made several leadership announcements, including the retirement of a top executive, the promotion of several other key leaders, and a series of functional alignments that aim to better position the organization to achieve operational excellence and financial stability. The changes include the announcement that David E. Williams, chief logistics and processing operations officer, intends to retire next year, capping a postal career that has spanned more than three decades. Other leadership appointments and structural modifications announced today include: *Isaac Cronkhite, who currently serves as chief human resources officer, will succeed Williams as chief logistics and processing operations officer. *Doug Tulino, labor relations vice president, will become chief human resources officer. *Katherine Attridge, collective bargaining and arbitration manager, will become labor relations vice president. *Tom Foti, product management executive director, will become product solutions vice president and report to Steve Monteith, who will become chief customer and marketing officer. *Marc McCrery, information technology vice president, will become technology applications vice president, and Bill Koetz, will serve as acting network and compute technology vice president. *Gary Reblin, product innovation vice president, will become innovative business technology vice president and report to Scott Bombaugh, who will become chief technology officer. *Linda Malone has been named engineering systems vice president after serving in the position in an acting basis since the summer. She will report to Bombaugh. *Simon Storey, employee resource management vice president, will become human resources vice president, and Jenny Utterback, human resources technology and innovation senior director, will become organization development vice president. *Jeff Adams has been named corporate communications vice president, a role he has served in an acting basis since the summer.
The Forest Stewardship Council (FSC) is seeking a consultancy to develop research that quantifies the additional forest carbon impact of FSC-certified forest management in North America. This work has the potential to be transformational among the organizations that rely on FSC certification as an important tool to conserve forests, even as they use forest products. This includes many of the world’s largest companies and most respected brands, along with the best-known environmental organizations. A small staff team from the FSC Canada and FSC US national offices will work with the consultancy throughout the project. In addition, FSC has convened an advisory body of experts and representatives of end-user stakeholders – including WWF, The Nature Conservancy, Verra, Ecotrust, REI, IKEA and DPR Construction – to provide input into the project.
More than 330 virtual attendees from across the U.S. and Canada joined the Sustainable Forestry Initiative’s E-Summit, Growing Solutions, to share ideas about how sustainably managed forests, and products sourced from those forests, are great tools to achieve shared sustainability goals. Session 1: Responding to Consumers and Providing Better Choices for the Planet Session 2: Standards Revision and the Impact of Label Statements Session 3: Conservation Impact—Collaborating on Climate Change, Biodiversity, and Water Quality Session 4: How Forest Sector Professionals Can Support Forest Literacy for Youth Session 5: Building Bridges for the Next Generation of Forest and Conservation Leaders
Cascades is the winner of two 2020 CTAQ Food Innovation Awards for its unique product in North America: a 100% recycled and recyclable thermoformed cardboard tray. This packaging solution took the honours in the Packaging and Technology and Productivity categories. This Cascades FreshTM product was launched in September 2020 with the goal of packaging fresh food in an efficient, environmentally friendly way. Its design has been rigorously tested to adapt to automated equipment without impacting their performance. This thermoformed tray delivers a unique innovative food packaging solution that was developed entirely using a circular economy approach and ecodesign principles. The tray is composed of 100% recycled fibres, mostly sourced from post-consumer sources certified "Recycled" under the Forest Stewardship Council® (FSC®) standard.1 In addition, it is designed with a SurfSHIELDTM water-based coating that protects it from moisture without compromising the recyclability of the cardboard. Unlike traditional containers coated with a thin layer of plastic or other non-recyclable coatings, this food tray is easily recyclable and can be placed in the recycling bin.
Graphic Packaging Holding Company announced that it has published its 2019 Environmental, Social and Governance (ESG) Report. With this report, the Company has provided additional disclosures using the Sustainability Accounting Standards Board (SASB) reporting framework and has committed to a broader set of environmental, social and governance initiatives. "Our sustainability reporting continues to exhibit transparency on topics that matter most to investors, customers, employees and other stakeholders," said Michael Doss, President and Chief Executive Officer. "Customers, suppliers, investors, employees and the communities where Graphic Packaging conducts business have helped shape the Company's sustainability vision. We are pleased to disclose the significant progress we have made and our resolve for continued improvement on topics that are most impactful and important to these stakeholders." Graphic Packaging is working diligently toward meeting its Vision 2025 sustainability goals, and accomplished early achievement of two goals in 2019: 100 percent of global folding carton/cup manufacturing facilities are now engaged in a waste diversion program; 100 percent of global folding carton/cup manufacturing facilities and paperboard mills comply with Graphic Packaging's forest and fiber certification requirements.
People are shopping online at a rate never before seen. As of September 2020, e-commerce sales increased 43% year over year, now reaching $60.4 billion in revenue, according to Adobe Analytics. As more people receive deliveries, consumers have become savvier with packaging solutions, developing a greater understanding of what makes an unboxing experience memorable. A curated unboxing experience is no longer a brand differentiator — it’s a must-have, according to BigCommerce. Aesthetics and customer experience aside, a recent study by California Polytechnic State University, in partnership with Pregis LLC, determined that a negative unboxing experience, such as one with excessive packaging, might hurt a company’s bottom line in the long run, particularly among Gen Z consumers. Here’s what you need to know:
Total packaging papers & specialty packaging shipments in October increased four percent compared to October 2019. They were up four percent when compared to the same 10 months of 2019. The operating rate was 86.1 percent, down 2.5 points from October 2019 and essentially flat (-0.4 pts.) year-to-date. Mill inventories at the end of October remained essentially flat (-765 short tons) from the previous month, and were up 17,000 short tons compared to October 2019.
According to the report, total printing-writing paper shipments decreased 24 percent in October compared to October 2019. U.S. purchases of total printing-writing papers decreased 21 percent in October compared to the same month last year. Total printing-writing paper inventory levels decreased two percent when compared to September 2020. U.S. purchases of uncoated free sheet (UFS) papers in October decreased 18 percent compared to last October while the inventory level decreased two percent compared to September 2020. UFS imports and exports both decreased compared to September 2019, down seven percent and 38 percent respectively. Coated free sheet (CFS) paper shipments decreased 16 percent compared to October 2019 while the inventory level decreased four percent compared to September 2020. CFS imports and exports both decreased compared to September 2019, down 34 percent and 14 percent respectively. U.S. purchases of coated mechanical (CM) papers in October decreased 40 percent compared to last October while the inventory level decreased four percent compared to September 2020. CM imports decreased 20 percent while exports increased 35 percent in September 2020. Uncoated mechanical (UM) paper shipments decreased 47 percent compared to October 2019 while the inventory level increased three percent compared to September 2020. UM imports and exports both decreased compared to September 2019, down 11 percent and 56 percent respectively.
Whether it’s celebrating life’s special moments, showing how much we care for someone or ensuring our wishes are fulfilled, the importance of paper is felt in our lives in many ways. Beyond being part of our normal routine, paper has also played a pivotal role in changing the world. Here are some examples that demonstrate the importance of paper to civilizations throughout world history. 1. Gutenberg Bible; 2. The Federalist Papers; 3. The Gettysburg Address; 4. Anne Frank’s Diary; 5. Martin Luther King Jr.’s Letter From Birmingham Jail. click read more for details
Below is a statement from FPAC President and CEO, Derek Nighbor: “Canada’s forest sector is positioned to be one of the leaders in our move to a low-carbon economy. We have already reduced GHG emissions by over 66% since the early 1990’s and were the first major industry group in the country to put forward a plan to help achieve the federal government’s Paris Agreement targets. Canada has an advantage that is the envy of most countries on the planet. Our forests and the sustainably sourced products they provide will be among the most powerful tools in Canada’s toolbox. Our managed forests and the wood products from them already constitute a carbon sink in Canada, and we can continue to reduce emissions and store more carbon for longer in the coming years. Forests are complex ecosystems and they need to be monitored and taken care of – even more so in a dynamic and changing environment."
National Average Price for Regular Unleaded Current: $2.115; Month Ago: $2.164; Year Ago: $2.595. National Average Price for Diesel Current: $2.393; Month Ago: $2.376; Year Ago: $3.009.
American Dollar to Canadian Dollar = 0.766065; American Dollar to Chinese Yuan = 0.152256; American Dollar to Euro = 1.186356; American Dollar to Japanese Yen = 0.009631; American Dollar to Mexican Peso = 0.049618.
Pearson, the world's leading learning company, today announces the creation of a new direct-to-consumer division as it looks to further strengthen its focus on building a direct relationship with learners around the world. The new division will be co-led by two senior executives: Ishantha Lokuge joined Pearson from Shutterfly last year and now steps up to the role of Chief Global Product Officer and Co-President, Direct-to-Consumer. Lynne Frank, most recently President of International Marketing and Worldwide Planning and Operations at Warner Bros. Pictures, joins Pearson as Chief Marketing Officer and Co-President – Direct-to-Consumer. Together, Ishantha and Lynne will lead the new division focused on direct-to-consumer products and channels, and will report to Andy Bird, Chief Executive.
Xerox announced a suite of production print innovations including new presses, technology enhancements for existing printers as well as artificial intelligence and automation features that aid speed and productivity. Xerox unveiled the following innovations: *A Color Accelerator module for Baltoro, expanding inkjet applications and adding ink-saving automation *Addition of fluorescent pink to the Iridesse Production Press, enhancing its metallics, white and clear color palette *Three new printers capable of higher volumes, more media and extended color options in the VersaLink and Versant family *Two Xerox Nuvera print speed upgrades that best competition *AI-enabled media manager software that enables high-quality images with minimal set-up and staff time *Automated workflow updates to seamlessly print embellishments with FreeFlow Core 6.0
The company reported earnings per share of $1.17 for the third quarter ended Oct. 31, 2020, compared to a loss per share of $0.91 for the quarter ended Nov. 2, 2019. Third quarter operating income was $580.6 million compared to an operating loss of $151.2 million last year, and net income was $330.6 million compared to a net loss of $252.0 million last year.
Tidewater Direct announced that it has doubled down on its inkjet strategy with the purchase of a Screen 520NX inkjet press, which was installed in September and is currently operational. With an emphasis on uncoated stocks, the new press complements its existing 520HD which has now been in service for over 3 years. Both presses are located in Centreville, Md. and staffed 24 hours per day, and capacity is exclusively and uniquely sold to the trade. Prior to purchasing its first inkjet press, Tidewater saw an opportunity to partner with letter shops that were being asked to provide inkjet printing but did not have substantial volume to justify the investment in inkjet. This model which Tidewater calls an “inkjet revolution”, sought to supply the same wholesale customers that purchase forms and direct mail inserts inkjet printed product, to include rolls of forms, folded personalized letters, self-mailers, and post cards. With the 2nd inkjet press, Tidewater not only increases its capacity which improves flexibility, but the Screen NX adds a new economy and capability for uncoated direct mail letters.
In accordance with its firm environmental commitment in carrying out its manufacturing operations, Lecta has updated the lighting installations at its Zaragoza, Sant Joan les Fonts and Motril mills in Spain. This energy efficiency project carried out in cooperation with Spanish energy and renewables company Acciona entailed substituting all the lighting at plant facilities, replacing conventional lighting with new LED installations. This first phase is part of an overall energy plan that aims to optimize energy management at Lecta's five mills in Spain. Before implementing the projects defined within the plan, most of which are currently being developed, several audits and an exhaustive analysis of the current situation at each mill were carried out.
UPM has joined the Renewable Carbon Initiative (RCI) which was founded in September 2020 by twelve leading companies in the chemical industry. The aim of the initiative is to support and speed up the transition from fossil carbon to renewable carbon for all organic chemicals and materials. “This is about a fundamental change in the chemical industry. Just as the energy industry is converting to renewable sources, renewable carbon will become the new foundation of chemical and material industries in the future. We want to accelerate the change,” says Michael Carus, CEO of nova-Institute in Germany and the head of the Renewable Carbon Initiative. The Renewable Carbon Initiative addresses the core problem of climate change, which is largely related to extracting and using additional fossil carbon from the ground.
Third Quarter Highlights: *Positive EBITDA one quarter sooner than expected. *Strong liquidity position with approximately $1.6 billion in cash and approximately $3 billion of untapped capacity in the company’s asset-based credit facility. *Digital sales grew 27% over third quarter 2019. Digital sales penetrated at 38% of total owned comparable sales. *Comparable sales down 21.0% on an owned basis and down 20.2% on an owned plus licensed basis, due to continued stores recovery and continued growth of digital business. *Inventory down 29% from third quarter 2019. The company exited the quarter in a clean inventory position. *Gross margin of 35.6% compared to 23.6% in the second quarter of 2020, an improvement of approximately 12 percentage points. The improvement was driven by disciplined inventory management, better sell through of both full-price and clearance merchandise and lower clearance markdowns.
Fourth Quarter Highlights (all comparisons made to the September 2019 quarter): *Net sales of $3 billion with 4 percent organic volume growth *Operating income of $349 million *Operating EBITDA up 18 percent to $586 million *Net income per diluted share of $1.44. Fiscal Year Highlights (all comparisons made to fiscal year 2019): *Net sales of $11.7 billion with 2 percent organic volume growth *Operating income up 21 percent to $1.2 billion *Operating EBITDA up 41 percent to $2.2 billion *Net income per diluted share up 38 percent to $4.14 *RPC Group Plc (“RPC”) integration and synergy realization progressing better than plan *Exceeded guidance for both cash flow from operations and free cash flow, recording $1.5 billion and $947 million, respectively.
Through Friday, December 18th, the draft revised National Forest Stewardship Standard is open for public comment. Following below are the top-10 reasons to review the draft and submit your comments: 1) Influence the management of more than 35 million acres of forest currently certified to FSC standards in the US, with millions of additional acres considering certification. 2) Add your perspective to the diverse coalition of voices represented by FSC. 3) Help FSC make sure the new forest stewardship standard is both rigorous and practical. 4) Stand up for science as it applies to forest management. 5) Ensure FSC certification remains a good proxy for climate-smart forestry and wood products in the construction marketplace. click read more below for the remaining 5.
In 2020, Amcor – a leading packaging company - received a rating of AA (on a scale of AAACCC) in the MSCI ESG Ratings assessment. This rating is the highest in the packaging industry and is the second highest rating available. 2020 is the 4th year in a row that Amcor has achieved an AA rating - MSCI describes AA rated companies as ‘a company leading its industry in managing the most significant ESG risks and opportunities’. This rating is announced following the release of Amcor’s Sustainability Report and Sustainability Review – both of which outline progress towards the company’s 2025 commitment to make all of its packaging recyclable or reusable and which track progress against a range of other metrics including use of recycled content and CO2 reductions.
Evergreen Packaging Equipment will debut its NEW servo-driven EH-84 gable top packaging machine at the upcoming Virtual Pack Expo Show, November 9-13. Designed to meet the needs of the dairy, juice, and liquid food markets, the EH-84 can handle fill volumes of 40 ounces up to 2 liters, at speeds up to 8,400 cph (cartons per hour). Allen-Bradley PLC controls and servo-driven technology provide repeatable package performance and automatically control fill volumes and profiles based on product and carton size. Infinite fill capability allows for less downtime with quick and easy changes in carton size or product.
From FSC certification of our Quilted Northern Ultra Soft and Strong bath tissue to the management of 75,000 acres of certified forestland and our cutting edge forest mapping, we are excited to be recognized by both SCS Global Services and FSC-US this year for our long-term efforts to manage natural resources. We all agree that certification programs help balance the environmental, social and economic benefits of forestlands. For years, SCS Global Services has helped GP validate certification requirements through audits and sustainability verifications. As an external partner, SCS had detailed insight into our work, sometimes behind the scenes, and nominated us for this award.
Mondi is the first global paper manufacturer to introduce an innovative logistics solution for its large reels, which provides benefits throughout the supply chain. The ProVantage Komiwhite reels with a width of 280cm, a diameter of 139cm and a weight of nearly four tonnes, presents a logistical challenge when it comes to transporting krafltiner products. To address this issue, Mondi is now transporting large reels on more efficient "roll-on/roll-off" (RoRo) vessels from its mill in Syktyvkar (Russia), via Bronka (Russia) and Luebeck (Germany), to the Innocenti terminal in Milan (Italy) without the need for them to be placed in shipping containers. "With this new way of transporting large reels, we are able to reduce our carbon footprint even further when moving goods. There is no longer a need for additional packaging materials to wrap around the reels to protect the cargo during transport. This innovation has led to us decreasing the amount of protective material waste by one truck load per month. Additionally, we now dispose of far fewer damaged reels." Giovanni Mondini, Sales Director at Mondi Italy
Global label stock manufacturer UPM Raflatac has worked hard to quantify and build upon its sustainable manufacturing processes through its innovative Biofore Site™ program, which is now celebrating its third year. Implemented at the company’s 10 factories worldwide, the program has resulted in many improvements that help further cement UPM Raflatac’s position as it is leading in sustainable labeling. The Biofore Site concept includes a scorecard with approximately 40 performance measures mapped to the United Nations Sustainable Development Goals, which align with parent company UPM’s 2030 responsibility targets. The scorecard provides flexibility for UPM Raflatac’s factory teams to develop site-specific roadmaps for achieving their Biofore Site goals. Filled out annually by each factory, the scorecards touch on standard sustainability measures like waste generation, energy consumption, and safety performance, and some not-so-conventional measures, like supplier sustainability performance, development opportunities for employees, engagement in community activities, and measures of diversity.
UPM Specialty Papers joins CELAB-Europe to promote the development of a sustainable and circular business model in the self-adhesive label industry; the target is to ensure that 75% of the used liner and matrix materials in Europe are recycled in a circular fashion by 2025. “As part of our eco-design approach, UPM actively looks for innovative ways to recycle our products at the end of their life. UPM Specialty Papers is excited to support industry-level initiatives to promote circularity in the self-adhesive label business,” highlights Mikko Rissanen, Director, Technology at UPM Specialty Papers.
Canfor announced it has reached multi-year $30-million agreements with Peak Renewables involving the sale of the Company’s forest tenure in the Fort Nelson region of British Columbia. The transactions are subject to customary closing conditions, including approval from the BC Minister of Forests. Closing is expected to occur in the first quarter of 2021. The agreements follow Peak Renewables’ purchase of Canfor’s Fort Nelson mill assets in the third quarter of 2020. “I am pleased to have reached an agreement to sell our Fort Nelson tenure to Peak Renewables, a company that is committed to developing a long term plan to rejuvenate the forest industry in the region,” said Don Kayne, President and CEO, Canfor.
*Third quarter sales and earnings exceed company expectations, with significant improvement from the second quarter *Strengthened financial position during the quarter by fully repaying revolver and ending with $1.9 billion in cash *Strong operating cash flow year-to-date of $910 million *Third quarter comparable sales decrease 13.3% *Third quarter loss per share of ($0.08)
Gannett Co., Inc. announced that it has refinanced approximately $500 million of its 11.5% term loan, maturing in 2024, with 6.0% convertible notes due in 2027. The refinancing reduces the outstanding term loan to $1.118 billion. “We are pleased to announce the refinancing, which we believe has three key benefits,” said Michael Reed, Gannett Chairman and Chief Executive Officer. “First, it generates significant savings, reducing our annual interest expense by approximately $28 million per year. These savings will be used to accelerate repayment of our term loan. Second, we believe that this refinancing paves the way for a refinancing of the remaining term loan by reducing the outstanding balance. And third, it extends the maturity of approximately $500 million of debt by three years. Since putting the term loan in place in November 2019, we have repaid over $175 million to date, and we expect to repay an additional $100 million in the coming months. Pro forma for these repayments, the outstanding term loan will be approximately $1 billion, which we believe we can refinance on attractive terms by the end of the first half of 2021. As we improve the Company’s capital structure, we are also seeing continued improvement in our revenue trends, which we expect will drive strong fourth quarter results.”
Mactac® announces its role as a leading member in the newly founded CELAB (Circular Economy for Labels) global consortium, which promotes recycling in the self-adhesive label industry. CELAB is an industry initiative, comprised of more than 30 companies in the self-adhesive label industry, to create greater circularity for industry products by enhancing and promoting matrix and release liner recycling around the world. “This coalition is designed to create a powerful, positive impact on environmental sustainability in the self-adhesive label industry on a global level,” says Clunie. “Reaching across the entire value chain, we will provide education, encourage adoption of best practices and work to develop cost-effective solutions that collectively advance label recycling for all, including label printers and end-users.”
Packaging leader Smurfit Kappa has joined forces with KHS, one of the world’s leading manufacturers of filling and packaging systems for the beverage and liquid food industries, to roll out its sustainable TopClip multipack product for bundling canned beverages. The partnership brings to the market an end to end solution for beverage companies, including a combined unique and innovative packaging solution and high speed, efficient packaging machines. Launched last year at Smurfit Kappa’s global Better Planet Packaging Day, TopClip is a recyclable solution that replaces the need for shrink wrap, therefore providing an option for substituting plastic with sustainably sourced paper-based packaging. TopClip is free from additional glue, meaning it is 100% plastic free, also allowing for a greater ease to remove or pull apart the cans. The patented product addresses the needs of consumers who are looking to retailers and brands to provide more environmentally friendly packaging.
To support the clean water mission, NOVA Chemicals is donating film resins to Pregis for the production of its Inspyrebrand line of colorful hybrid-cushioning protective packaging. A portion of the proceeds from Inspyre packaging sales are donated to the Uzima Clean Water Mission. “The resins provided by NOVA Chemicals will enable to Pregis to provide greater financial support to Uzima. The partnership with NOVA Chemicals enables Pregis to offer packaging engineers and brand owners the best of both worlds. NOVA Chemicals’ resins enable us to exceed customer expectations for packaging performance while giving all of us an opportunity to serve a worthy and genuinely life-saving cause,” said Kevin Baudhuin, president and chief executive officer, Pregis. The Inspyre brand includes low-density polyethylene hybrid cushioning (HC) packaging film, stocked in water blue and available in other colors. In addition to helping brand owners enhance their unboxing experience, companies support charitable efforts through their protective packaging material choice.
Deluxe announced that demand for its small business incorporation services increased 10 percent in 2020 over 2019. The increase was driven by incorporations of construction, trucking, cleaning services, online sales, consulting, food trucks, landscaping and real estate companies. The acceleration of entrepreneurship coincides with an increase in COVID-19 related unemployment and desire by more people to control their financial future by starting businesses. “Small business owners are starting new ventures and careers in the middle of a pandemic,” said Barry McCarthy, President and CEO of Deluxe. “We think the increased use of Deluxe incorporation services is a leading indicator of small business futures and shows optimism in the small business market going into 2021. These entrepreneurs are risking it all, even at such an uncertain time. Deluxe has proudly supported the incredible pioneering spirit of small business owners for 105 years.”
Leading global producer of sustainable fiber and bio-based products, Asia Pacific Resources International Limited (APRIL), has announced a slate of progressive targets to 2030 that will have a positive impact on climate, nature and people while transforming its business. Supporting the achievement of the Sustainable Development Goals in Indonesia, APRIL2030 targets a drastic reduction of carbon emissions to achieve net zero emissions from land use and a 25% cut in product carbon emissions. The company also commits to net zero loss of protected areas and measurable gains in biodiversity and ecosystem benefits in the conservation and restoration areas under its active management.
Last year, Mondi announced that it would expand its existing plant in Ansbach, Southern Germany, to become the largest heavy-duty corrugated cardboard plant in Europe. The “Ansbach 2020” project, an investment worth €30 million, is in its final stages of completion and is meeting its customers' needs with innovative sustainable packaging solutions. The plant successfully installed state of the art machinery, including a new corrugator, die-cutting-machine, inline-machine, paper storage, shipping facility, waste processing facility and intralogistics system. The investment is strengthening the plants position as the go-to-expert for innovative and sustainable packaging solutions in the region. Furthermore, the updated machinery results in less energy consumption and reduces the carbon footprint of the plant.
The Sappi Saiccor mill situated in Umkomaas, KwaZulu-Natal hosted a high-level delegation from the office of the outgoing MEC for Economic Development, Tourism and Environmental Affairs (EDTEA), Ms Nomusa Dube-Ncube, as part of the KZN International Investment Conference today. The MEC was accompanied by the Deputy Mayor of Ethekwini, Councillor Belinda Scott and the TIKZN Chairperson, Ms Ina Cronje. This combined R7,7bn investment is aimed at increasing capacity and global competitiveness, significantly reducing the environmental footprint of the company and equipment and process upgrades and improvements. its Saiccor Mill in Umkomaas. Not only will fossil fuel CO2 emissions be halved and SO2 emissions be reduced by 37%, but water use efficiency will improve by 17% and waste to landfill reduced by a massive 48%. This all, while increasing the mills’ capacity by 110,000 tons per annum and creating additional future permanent employment for 120 people and saving the company at least R300m per annum through improved and more efficient processes.
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 Governors, would raise Shipping Services product prices approximately 3.5 percent for Priority Mail service, and 1.2 percent for Priority Mail Express service. Shipping Services price increases vary by product. Although Mailing Services price increases are based on the consumer price index, 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 complete Postal Service price filings with prices for all products can be found on the PRC site under the Daily Listings section at prc.gov/dockets/daily. For the Shipping Services filing, see Docket No. CP2021-28. The price change tables are also available on the Postal Service’s Postal Explorer website at pe.usps.com/PriceChange/Index.
Digital marketing runs at remarkable speeds. To help customers not only activate their deep data sets but do it exponentially faster, direct mail powerhouse SG360° found a powerful solution in production inkjet. With this technology, SG360° is pushing the envelope of what direct mail — and their business — can do. see more at: https://www.piworld.com/xchange/production-inkjet-printing/sg360-powering-direct-mail-communications-with-digital-print-and-next-generation-inkjet/#ne=d7f0e6e16b0d037f71fc050491da5623&utm_source=today-on-piworld&utm_medium=newsletter&utm_campaign=2020-11-16
The Kansas City Star will leave its iconic glass building downtown and look for a new home, the newspaper announced Tuesday. The Star will vacate its building at 1601 McGee St. by the end of 2021. As part of the transition, the newspaper will move printing to a third party, beginning in the first quarter of 2021. The changes come after parent company McClatchy, which owns 30 U.S. news organizations, including The Star, The Miami Herald and The Sacramento Bee, filed for Chapter 11 bankruptcy protection in February. The reorganization, which was approved by a federal judge in early August, allowed the company to renegotiate leases. Publications across McClatchy and the news industry have seen similar print consolidations.
The International Chamber of Commerce (ICC) and Pearson have announced a new collaboration to create educational products and services that will equip people with the necessary skills to thrive in an ever-changing global economy. Over the past decade, digitalisation, automation and artificial intelligence have reshaped industries and created new skillset requirements for workforces everywhere. These changing conditions have only accelerated in the age of the COVID-19 pandemic, where necessary public lockdowns and workplace closures have transformed the nature of work, education, and daily life. In this context, ICC and Pearson will work together to co-create educational programmes that will reskill workers in a rapidly developing global economy. At the same time, the partnership aims to empower companies to retrain and retain their employees and offer workers the opportunity to have their skills formally recognised through certificate programmes.
The Home Depot® reported sales of $33.5 billion for the third quarter of fiscal 2020, an increase of $6.3 billion, or 23.2 percent from the third quarter of fiscal 2019. Comparable sales for the third quarter of fiscal 2020 were positive 24.1 percent, and comparable sales in the U.S. were positive 24.6 percent. Net earnings for the third quarter of fiscal 2020 were $3.4 billion, or $3.18 per diluted share, compared with net earnings of $2.8 billion, or $2.53 per diluted share, in the same period of fiscal 2019. For the third quarter of fiscal 2020, diluted earnings per share increased 25.7 percent from the same period in the prior year.
Aki Temmes has been appointed Senior Vice President, Business Control & Finance Operations at UPM as of 1 January 2021. He will be based in Helsinki reporting to Tapio Korpeinen, CFO, UPM. Aki Temmes is currently Senior Vice President, UPM Timber. He joined UPM in 2003 and has previously held several Business Control leadership positions in UPM Biorefining and earlier in UPM’s paper business areas. Aki Temmes holds a Master’s degree in Finance from University of Tampere and an Executive MBA degree from Hanken School of Economics.
Walmart U.S. Q3 comp sales1 grew 6.4% and Walmart U.S. eCommerce sales grew 79%, Q3 FY21 GAAP EPS of $1.80; Adjusted EPS2 of $1.34, Company incurs incremental costs related to COVID-19 of $0.6 billion
Every year, we award our PEFC members that have achieved the biggest increases in PEFC-certified forest area and PEFC chain of custody certificates. In 2020, the awards for highest growth in certified hectares all went to Asia! The Malaysian Timber Certification Council (MTCC) took gold, thanks to an increase of over 950,000 hectares, following the certification of 10 forest management units in Johor, Sabah and Sarawak. This is an increase of over 20%, taking the PEFC-certified forest area in Malaysia to over 5.2 million hectares. Second place went to the Network for Certification and Conservation of Forests (NCCF), our member for India. This award was particularly special, as their increase of 450,000 hectares represented the first PEFC-certified forest area in the country – this time last year, there were no certified hectares. In bronze position was the Korea Forest Certificate Council (KFCC), who also saw an extremely impressive increase, growing their certified forest area by more than 150%, up to 706,000 hectares. The Republic of Korea achieved their first PEFC-certified forest area in 2019.
The US shopping phenomenon is now part of the British retail calendar with millions of packages delivered over the promotional period. Now, retail and waste management has to accommodate the pre-Christmas spending spree. The rise of e-commerce shopping, and the appeal of sale-price products during the holiday shopping weekend, sees a lot of products being shipped from stores to buyers’ homes. This, in turn, leads to large quantities of packaging that need to be recovered from domestic recycling collections in a way that allows said packaging to become high-quality material for recycling.
“AF&PA supports the enforcement of free and fair trade laws. The U.S. Department of Commerce’s preliminary ruling in a circumvention inquiry into uncoated paper sheeter rolls from China is a positive step to ensure the U.S. paper industry operates according to fair trade principles in a highly competitive global market. “This preliminary ruling is based on an impartial, transparent process that abides by international rules and a set of facts and evidence. AF&PA believes U.S. government enforcement of domestic and international trade rules will help safeguard the health of the U.S. paper industry, allowing markets to function properly.”
Appvion Operations, Inc., announces the first of a comprehensive line of Sustainable Packaging Papers under the MISSION ZERO™ brand with the introduction of recyclable hot and cold beverage grades. • Water-based, dispersible, barrier coating • Manufactured without plastic film • Recyclable and repulpable • Broad basis weight and caliper range for cup sidewall and bottom • Works with all standard converting equipment • Excellent Heat Seal and Printing Surface • Manufactured in FDA cGMP certified facility. “MISSION ZERO hot and cold cup products encourage the transformation, innovation, and optimization in the paper and packaging value chain, a closed loop system, and circular economy by addressing the environmental concerns related to the life cycle of current plastic-coated cups.” said James Taylor, Director, Business Development- Packaging and Specialty Coatings
A worldwide pandemic and 75 days of rainy weather in Kentucky couldn’t stop a dedicated team from completing a $100 million expansion at Georgia-Pacific’s Bowling Green Dixie facility. The investment created more than 70 new jobs and includes an 80,000-square-foot building, a new printer and presses. GP will continue meeting the needs of customers as demand grows for Dixie plates and bowls. Originally built in 1991, the plant has seen several expansions in its nearly 30 years of operation. Production at the facility represents about one quarter of all paper plates and bowls produced by GP. Bowling Green is one of two facilities GP operates in Kentucky. Since 2013, the company has invested more than $200 million in its Kentucky operations.
Georgia-Pacific recently relaunched its Quilted Northern Ultra Soft & Strong® sub-brand to provide what one could say is a two-for-one deal. Combining both a sustainable bath tissue product that consumers can feel good about purchasing, while being able to enjoy the same premium comfort and quality. “Consumers today often believe they have to choose between bath tissue products that are either comfortable or sustainable, and we don’t think they should have to choose,” said Vivek Joshi, General Manager of Retail Bath Tissue at Georgia-Pacific. “When we decided to relaunch the Quilted Northern Ultra Soft & Strong® sub-brand, our vision was to produce the same comfortable bath tissue our consumers know and love, but to do so in way that ensures they can feel good about purchasing a product that’s made with the environment in mind. While we are the experts when it comes to developing a more energy and water-efficient manufacturing process, for the tree plantings it was important to us to work with experts like the Arbor Day Foundation® who can help ensure that the plantings are done in the appropriate areas and are well taken care of at the proper stages for healthy forest rehabilitation.”
WestRock announced that it has been named to the Dow Jones Sustainability North America Index (DJSI North America) and Dow Jones Sustainability World Index (DJSI World) for 2020, in recognition of its commitment to sustainable business practices. The Index is a widely recognized standard for measuring and advancing corporate environmental, social, and governance (ESG) practices across all industries. DJSI North America recognizes the top 20 percent of sustainability performers among the 600 largest U.S. and Canadian companies. DJSI World tracks the performance of the top 10 percent of the 2,500 largest companies in the S&P Global Broad Market IndexSM that lead the field in terms of sustainability.
The Home Depot® announced it has entered into a definitive agreement to acquire HD Supply Holdings, Inc., a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. The acquisition is expected to position The Home Depot as a premier provider in the MRO marketplace. "The MRO customer is highly valued by The Home Depot, and this acquisition will position the company to accelerate sales growth by better serving both existing and new customers in a highly fragmented $55 billion marketplace," said Craig Menear, chairman and CEO of The Home Depot. "HD Supply complements our existing MRO business with a robust product offering and value-added service capabilities, an experienced salesforce that enhances the strong team we have in place, as well as an extensive, MRO-specific distribution network throughout the U.S. and Canada."
UPM has been listed as the forest and paper industry leader in the Dow Jones European and World Sustainability Indices (DJSI) for 2020-2021. “Population growth, climate change and the scarcity of natural resources call for companies to take proactive actions. Finding alternatives to fossil materials and meeting global challenges is at the core of UPM's Biofore strategy,” says Sami Lundgren, VP, UPM Responsibility. “In 2020, we have taken significant steps to advance our responsibility agenda. In January, we became one of the world’s first forest industry companies that committed to the UN’s Business Ambition for 1.5°C and to science-based measures to mitigate global warming. Furthermore, we have established a Green Finance Framework and integrated our responsibility targets of sustainable forest management, emission reductions and innovative bioeconomy products into the company's long-term financing,” Sami Lundgren continues.
Is packaging wasted? Well, certainly, some packaging is. But it depends upon your definition of waste. If a metal can is placed into the general waste stream, for example, then yes, it is wasted. If it enters into the recycling stream, then perhaps the consumer sees it as a waste product sent for recycling, but the item itself is far from wasted. In the case of metal, its properties are such that it can be recycled indefinitely without any degradation in quality, which creates what we call a circular economy. Provided the key elements of the circle are all performing their specific duties, it is a truly sustainable model. We have known this for some time, but what is perhaps less known is that food waste has a greater impact on the environment than packaging waste. Although the latter must of course be given our full attention, the former must also be looked at closely to ensure we are not ‘robbing Peter to pay Paul’ – so to speak.
DS Smith in Gent already conducted a detailed review to the gas, water and electricity consumption in 2010. We concluded then that “Of all the sites, we were in the tail of the pack.", says Luc Arens, technical project coordinator at DS Smith. After that analysis, the company took a number of measures, such as placing high-efficiency boilers and installing LED lamps in the production halls. Today, in order to reduce total CO2 emissions by 30%, DS Smith in Gent aim to go a step ahead and has sought for a partner to further optimize the production and reduce the emissions of these processes. In the summer of 2019, an energy coaching program was set up together with the city of Ghent. This process began with a review of the processes used and provided an overview of the possible areas of improvement. By professionally measuring energy consumption at different stages in the processes, more targeted actions could be taken. In this way, the stealth consumption was addressed and the waste water was also recently collected by a specialized company.
Walsworth announced the full integration of The Ovid Bell Press in Fulton, Mo., into the Walsworth brand. This integration will lead to enhanced printing capabilities and available services across all Walsworth facilities. “This is the right time for the integration of The Ovid Bell Press into Walsworth. More than uniting our name, this move will make it easy to do business across all Walsworth locations. Our customers will benefit from more flexibility and enhanced capabilities and services, and each facility will be focused on the products they do best,” president Don Walsworth said. Operations at the Fulton facility will continue as normal. In coming under the Walsworth brand, this location joins Walsworth’s other facilities in Marceline and Brookfield, Missouri; St. Joseph, Michigan; Ripon, Wisconsin; and a sales and marketing office in Overland Park, Kansas.
The American Forest & Paper Association announced its annual Better Practices, Better Planet 2020 Sustainability Award winners, which recognize exemplary sustainability programs and initiatives in the paper and wood products manufacturing industry and are awarded based on the merit of entries received across multiple categories. *Leadership in Sustainability – Energy Efficiency/Greenhouse Gas Reduction: Resolute Forest Products: Modernization of Coosa Pines (Alabama) Mill Helps Reduce Resolute’s Carbon Footprint *Leadership in Sustainability – Safety: Clearwater Paper: Aspects & Impacts Process to Identify and Reduce Serious Injuries and Fatalities (SIF) Risks *Leadership in Sustainability – Sustainable Forest Management: Evergreen Packaging: Family Forests – The Key to Certified Success *Leadership in Sustainability – Water: Sappi: Somerset Mill’s Caustic Reclaim & Reuse *Innovation in Sustainability (Large Company): WestRock: Pak On Demand™ Pouch System *Innovation in Sustainability (Small Company): Appvion: Innovative and Sustainable Direct Thermal Technology *Innovation in Sustainability (Small Company): The Price Companies: Restoration & Management of Marginal Agricultural and Timberlands
An integrated sustainability work and an ambition to constantly meet customers' sustainability requirements are reasons why BillerudKorsnäs maintains its leading position for the third year in a row, according to the Dow Jones Sustainability Index – a globally recognized sustainability ranking for investors. The results from this year's ranking show that BillerudKorsnäs is one of the ten percent most sustainable companies and the company with the highest score in the Containers & Packaging category. S&P Corporate Sustainability Assessment (CSA) is a comprehensive annual evaluation of companies’ sustainability practices and performance with a coverage of over 7,300 companies representing approximately 95 percent of market capitalization. The top ten percent are included in the Dow Jones Sustainability World Index.
After 16 years of pulp production, the 10 millionth tonne of pulp rolled off the production line at the Arneburg Mercer Stendal pulp mill on October 14, 2020. It is an expression of 18 years of successful work at the Arneburg site and marks a remarkable milestone in the development of the company. After the short 2-year construction phase of the Mercer Stendal mill, which went according to plan, the first pulp rolled off the production line in July 2004. In the following years, the company succeeded in establishing itself successfully in the market. With products of high quality and high reliability, Mercer Stendal has succeeded in developing stable customer relationships in Europe and Asia. In some areas, the Arneburg mill has set new standards in global pulp production. With the operation of the largest biomass power plant in Germany with high energy and plant efficiency, the plant is also symbolic of the energy turnaround.
Meredith Corporation's Martha Stewart Living marks the 30th anniversary of the legendary brand's magazine with its December issue featuring fresh new ideas to get into the holiday spirit with advice on entertaining, decorating, cooking, gift giving, beauty and more, as well as a look back at Martha Stewart Living's start, its most iconic moments over the last three decades, editors' all-time favorite recipes from the archives and some of its most popular magazine covers. Martha Stewart Living launched in 1990 with a mission to teach and inspire readers eager to learn from Martha and her team, who shared their expertise in everything from decorating, gardening, crafting, and organizing to cooking, baking, entertaining, and beyond. The magazine offered a pioneering personality-driven editorial approach marked by careful attention to detail, visual glossaries, thoughtful instruction, and boundless creative insights that has proven timeless and continues to resonate with its audience today. As Martha wrote in the first issue of Martha Stewart Living, "Our families and our homes are the centers of our lives. This magazine will always be filled with ways to make those homes more beautiful, more comfortable, and more full of life and light and joy for those we love."
As digital avenues have become more popular among today’s consumers (and as a result among marketers and advertisers), an interesting trend has emerged over the last few years. Direct mail – flyers, coupons, postcards, catalogs, etc. – has seen a resurgence in its effectiveness and its ability to connect brands with consumers, grab their attention, and drive purchases and engagements. Recent research has shown that consumers are engaging with direct mail marketing materials at much higher rates than with digital marketing assets, and that those engagements are leading to higher response rates and purchases. Mail catalogs in particular have seen a huge boost in their overall response rate, reportedly increasing by 170% from 2004 to 2018 according to the Association of National Advertisers. And rather surprisingly, mail catalogs seem to be popular with Millennials despite their digital upbringings. Perhaps it’s because there were nearly 294 billion emails sent per day in 2019, with that number projected to steadily grow over the next several years. Or maybe it’s because consumers are starting to feel a little creeped out by the hyper-personalized digital ads they’re receiving as they visit their favorite websites and social media platforms. Regardless of why consumers continue to embrace physical catalogs, (digital fatigue, privacy concerns, nostalgia, or something else entirely), an increasing number of retailers are taking notice and taking action.
Montgomery Public Schools has partnered with learning technology company Houghton Mifflin Harcourt to implement Amira Learning™, the first intelligent reading assistant that listens to, assesses and tutors learners to bolster early literacy for its students. Amira’s state of the art speech recognition and enhanced AI software offers 1:1 reading practice for young learners and administers both an oral reading fluency assessment and a dyslexia screener. Launching in Montgomery’s Brewbaker Primary School (BPS), which serves the largest elementary population in Montgomery County, Amira will provide teachers with a high-quality 1:1 reading instruction, practice and tutoring solution as it seeks to build the foundational literacy skills of its 600+ diverse students and deliver marked improvement in reading foundations among English Language Learners. Amira, which can be utilized in both virtual and face-to-face learning environments, will help BPS keep students engaged and on track and safe as it shifts to a hybrid learning model in response to of the COVID-19 pandemic.
Stora Enso and Tetra Pak are joining forces to explore the possibility of building a new recycling line to significantly increase the recycling of used beverage cartons in Central and Eastern Europe. The two partners are initiating a feasibility study to assess the viability of building a large-scale recycling line for Used Beverage Cartons (UBC) at Stora Enso’s Ostrołęka Mill in Poland. In the model Stora Enso would pulp and separate the fibers from used beverage cartons at its Ostrołęka Mill and use the recycled fibres as a raw material, while Tetra Pak would secure the recycling and reuse of polymers and aluminium which shall be processed by a dedicated partner. If realised, the annual capacity of the new recycling line would be 50 000 tonnes of UBC. This would be a significant increase in recycling capacity for beverage cartons across Europe, boosting the European beverage carton recycling rate from the current 51%. In the first stage the recycled post-consumer beverage carton material would come from countries in Central and Eastern Europe.
HP Inc. and Shutterfly, the world’s leading online retailer of personalized products, today announced a landmark expansion of their strategic relationship to deliver next-level productivity to supply the growing e-commerce market of photo gifts and photo products. Shutterfly is investing in more than 60 new high-performance HP Indigo Digital Presses to drive higher productivity for its range of high-quality, photo-based and personalized products including photo gifts, photo books, school portraits, holiday cards, and home decor. The agreement with Shutterfly, the leading US supplier of HP Indigo digital print, is the largest single customer order to date for the HP Graphics business. Now underway, the rollout includes next-generation, high-productivity B2 sized HP Indigo 100K digital presses, high versatility HP Indigo 12000 digital presses, as well as significant investment in web-fed photo presses to transform photo portrait printing to digital.
Third Quarter 2020 Highlights: * Total revenue increased by 10.4% to $49.9 million, from $45.2 million in the third quarter of 2019. * EBITDA1 was up 49.3% to $8.1 million, an increase of $2.7 million, from $5.4 million in the third quarter of 2019. EBITDA includes a $0.9 million of assistance from the Canadian Emergency Wage Subsidy (“CEWS”) program. * Net Earnings increased to $2.7 million (or $0.10 per share), from $1.2 million (or $0.04 per share) in the third quarter of 2019. * Packaging and Specialty Products segment revenue increased by 18.9% to $15.8 million, up from $13.3 million in the third quarter of 2019. * Envelope segment revenue increased by 6.9% to $34.1 million, up from $31.9 million in the third quarter of 2019. * Net cash flows from operating activities increased to $7.2 million, up from $3.7 million in the third quarter of 2019.
48 environmental, conservation and forest business leaders announced an agreement of principles on the important role sustainably managed forests and forest products can play in mitigating climate change. Forests in the U.S. offset 15% of the country’s industrial carbon emissions. Carbon sequestration in sustainably managed private forest lands and carbon storage in forest products can provide a natural solution to climate change while also providing a wide variety of additional benefits like clean air and water, wildlife habitat, and good paying jobs. The principles are signed by the CEOs of American Forests, American Forest Foundation, Environmental Defense Fund, National Alliance of Forest Owners, The Nature Conservancy, and the CEOs of 43 forestry businesses representing over 46 million acres of working forests across the United States.
The trials for newsprint paper production on the paper machine 6 at UPM Jämsänkoski paper mill as well as paper test runs at printing plants have been successful. As a consequence of this, the product portfolio of uncoated mechanical papers of the paper machine 6 will in the future be extended to cover also newsprint paper. “Our employees have invested a great deal of effort and development work in recent weeks to get to where we stand today. We have developed high-quality coldset paper grades especially for domestic newsprint customers and the feedback from our customers’ test runs has been extremely good. With those enlarged capabilities of Jämsänkoski PM 6 UPM is able to deliver newsprint qualities uninterruptedly to Finland. This is keeping our site flexible and competitive,” says Antti Hermonen, General Manager, UPM Jämsänkoski. A complete range of SC and newspaper grades can now be produced on site in Jämsänkoski, focusing on our Finnish and Nordic customers with high quality products for newspapers, magazines and advertising supplements.
National Average Price for Regular Unleaded Current: $2.130; Month Ago: $2.181; Year Ago: $2.609. National Average Price for Diesel Current: $2.382; Month Ago: $2.381; Year Ago: $3.014.
American Dollar to Canadian Dollar = 0.760922; American Dollar to Chinese Yuan = 0.151306; American Dollar to Euro = 1.181416; American Dollar to Japanese Yen = 0.009535; American Dollar to Mexican Peso = 0.048740.
Please be advised that Lecta will increase its prices between 3-5%, for new orders with a delivery date on and after January 4th, 2021. This increase is applicable on web quality rolls of: Condat Gloss, Silk, Matt (Mill and private brands); Garda Gloss and Silk; Creator Star and Silk. All other differentials remain the same.
If you hadn't noticed, the world is changing. People are looking for brands that can make their lives easier, more joyful, and somehow better. From a marketing perspective, now is the perfect time to review everything. How can your brand improve? What are some ways to increase your ROI? How can you stand out and be relevant when the world is upside-down? We've seen what's been working for other brands, and we can help. For a limited time only, we've put together some special offers to move your brand forward. go to: https://www.jschmid.com/special-offers-video/
We’ve just wrapped up our 8-part blog series on “Breakthrough Creative.” Hopefully, we’ve given you ideas and examples of how to improve your brand’s creative efforts—from storytelling techniques, to tips on photography and copywriting, to research, to better use of data. I understand all too well that the hardest part is yet to come—actually putting these ideas into action. Actually doing the work and investing the time, energy and money to get it right are easier said than done. So, now that we’ve armed you with some pointers on the things to do, I thought I’d give you some advice on what NOT to do. Here are three traps to avoid which will ultimately affect a healthy ROI. Learn what NOT to do at: https://www.jschmid.com/blog/breakthrough-creative-creative-killers/
Ahlstrom-Munksjö reinforces its leading position in high performance solutions for durable applications, by launching Ahlstrom-Munksjö FibRoc®. The Fibroc® platform will bring together a wide range of high performance products under the same brand, making it easier for business partners to recognize and understand the offering across the value chain. “Thanks to its unique know-how and very wide technological platform, Ahlstrom-Munksjö has been able to create, throughout the years, an extensive range of high performance solutions specifically designed for durable applications,” says Daniele Borlatto, Executive Vice President, Filtration & Performance. “As the demand of high performance media for durable applications continues to grow, including in the building industry, we saw a need to create a new product platform to simplify our product offering and make it easier for the major stakeholders along the value chain to understand our offering,” he adds.
In the third quarter of 2020, Bertelsmann again achieved slight organic growth, further stabilizing its business during the Corona pandemic. This has significantly slowed the revenue decline in the year to date. The Group continues to benefit from the broad positioning of its corporate portfolio and high proportion of digital business models. Book publishing, the music business, Arvato’s services, and the education business once again proved to be particularly robust. The advertising markets also recovered in the third quarter. Bertelsmann’s revenues softened by 6.3 percent to €12.0 billion (previous year: €12.8 billion) in the period from January to September. Adjusted for portfolio and exchange rate effects, the decline in revenues was 4.8 percent. At the end of the first half of 2020, revenues had declined by 8.9 percent (organic: 7.9 percent). In the third quarter, the company recorded organic revenues growth of 1.6 percent.
Debi Chirichella has been named president of Hearst Magazines. The announcement was made by Hearst President and CEO Steven R. Swartz. The appointment is effective immediately. Chirichella was named acting president of Hearst Magazines in July and was previously executive vice president and chief financial officer, overseeing strategic financial planning and reporting and international operations. She joined the company in 2011 as senior vice president and chief financial officer. “Debi has been a key part of our Magazine company leadership team for almost a decade and has a very strong command of all aspects of this business,” said Swartz. “She has expertly led the division over the past several months, and we are confident in the future as Debi and her team continue to build on the legacy of our great brands around the world.”
Macmillan has pushed back the official reopening of its New York City offices for its trade group from January 11 to July 6. Similar to many New York City publishers, Macmillan’s workforce has largely been working remotely since March following the spread of the coronavirus throughout the metropolitan region. In making the announcement, Macmillan said that it has created a voluntary program that “allows limited access to the office space for employees to work and/or access their work space.” Macmillan first started the program in August at the suggestion of employees, and, the publisher said, “the program has evolved to include access to mailing options and other office services for use by employees both onsite and working remotely.”
The 25th PEFC General Assembly, the first one to ever be held virtually, has welcomed three new members. The General Assembly, our highest decision making body, voted Turkey, Bosnia and Herzegovina and UPM Kymmene Corporation into the alliance. “We look forward to joining PEFC to further strengthen our role in promoting sustainable forest management globally,” said Inka Musta, Senior Manager, Global Forest Affairs at UPM, our new international stakeholder member. The Association of Private Forest Owners “Naša Šuma” and the Association for Sustainable Forest Management, Forest Products and Services Certification (SOYDER) are the new national members for Bosnia and Herzegovina, and Turkey, respectively. They are our 54th and 55th national members!
The DMA Print Council has selected Sarah Burns, Head of Media Solutions at Edit, as its new Deputy Chair. It’s the second consecutive appointment to Deputy Chair that the UK’s leading intelligence body for print media has made from Edit. Burns enters the role with 10 years of experience in print media and a strong focus on creating sustainable print marketing. Speaking about Burns’s appointment, Chair of the DMA Print Council Alistair Ezzy said: “I am pleased to announce that Sarah Burns has joined the Print Council as Deputy Chair. Sarah will bring with her a wealth of knowledge in addition to her unbridled enthusiasm. I am looking forward to working with Sarah and putting the print channels back on the agenda by demonstrating their effectiveness, engagement and ability to integrate with other media.”
Amcor’s premium Matrix paper-based and paraffin-free cheese packaging receives a Silver award at the 2020 Packaging Innovation Awards sponsored by Dow. This innovation of providing the right breathable barrier for soft cheese while removing paraffin has transformed a non-recyclable packaging material into a cheese wrap that can be recycled in the paper stream. Michael Zacka, President Amcor Flexibles EMEA, said: “Matrix’s breakthrough paraffin-free technology brings soft cheese packaging into the circular economy and we are pleased it has been recognised with a prestigious Dow award. Matrix is another move in the right direction for sustainability combined with performance – offering cheese manufacturers improved flavour control and recyclability.”
Q3 2020 Highlights *Sales of $1,275 million (compared with $1,285 million in Q2 2020 (-1%) and $1,264 million in Q3 2019 (+1%)) *As reported (including specific items) +Operating income of $73 million (compared with $94 million in Q2 2020 (-22%) and $108 million in Q3 20192 (-32%)) +Operating income before depreciation and amortization (OIBD)1 of $154 million (compared with $169 million in Q2 2020 (-9%) and $181 million in Q3 20192 (-15%)) +Net earnings per share of $0.51 (compared with $0.57 in Q2 2020 and $0.45 in Q3 20192)
To answer the sustainability challenges raised by the growth in e-commerce, DS Smith and TemperPack are partnering to introduce ClimaCell®, a sustainable thermal insulation barrier for temperature sensitive goods such as meal kits, perishable groceries and medical products. How does it work? A combined pack will include: *a transport box – to protect and ship the content *insulation material – the thermal barrier between the inside and outside temperature (ClimaCell®) *and cooling agent (e.g. Gel packs)– to maintain the required temperature inside
Third Quarter 2020 Highlights (as compared to third quarter 2019): • Revenue increased 10.0% to $323.0 million primarily due to increased demand in products with significant ecommerce end market exposure including water-activated tape and protective packaging. • Gross margin increased to 26.0% from 21.8% primarily due to effective management of the spread between selling prices and combined raw material and freight costs, and favorable plant performance from both increased production to meet demand and continued cost savings initiatives implemented in the prior quarter. • Net earnings attributable to the Company shareholders ("IPG Net Earnings") increased $14.2 million to $26.7 million ($0.45 basic and diluted earnings per share) primarily due to an increase in gross profit, partially offset by an increase in selling, general and administrative expenses ("SG&A") due to an increase in the fair value of cash-settled sharebased compensation and an increase in income tax expense mainly driven by improved profitability in 2020.
At EUR 1,903.5 million, the Group's consolidated sales almost reached the previous year's level (1-3Q 2019: EUR 1,924.3 million). At EUR 169.3 million, the operating result was 13.4% or EUR 26.3 million below the previous year's figure (1-3Q 2019: EUR 195.6 million). This includes one-time expenses of EUR 57.5 million from adjustments necessary for market and structural reasons as well as the termination agreement with the former CEO. Of this, EUR 38.5 million are attributable to the cartonboard division and EUR 19.0 million to the packaging division. As a result, depreciation rose from EUR 101.6 million to EUR 137.8 million. The Group's operating margin was 8.9% (1-3Q 2019: 10.2%).
R.R. Donnelley & Sons Company unveiled ConnectOne by RRD™, an end-to-end communications management platform that can help marketers enhance brand continuity, streamline workflows, and accelerate speed-to-market while driving down costs and improving their ROI. ConnectOne delivers a comprehensive suite of technologies for marketing automation, digital asset management, personalization at scale, and data-driven supply chain management. Combined with RRD’s unmatched communications management resources and expertise, ConnectOne delivers a simplified 360-degree view of enterprise communications through a single portal that can help deliver: *Optimized customer experiences that leverage content, data, and multichannel delivery *Streamlined content creation, production, and delivery *Personalized communications at scale across multiple channels *Automated workflows and data-driven processes that lower costs and improve efficiency
Along with our entry into the containerboard market, the changes at our Kingsport Mill in Tennessee bring new recreational opportunities thanks to a land swap with the city of Kingsport for park land near downtown. Our recent announcement of the mill conversion represents not only an exciting economic development but also a continued commitment to the community. As part of the project to convert the mill to manufacture recycled linerboard, we agreed to swap land parcels with the city — a park for a park — creating new opportunities for each location. The city will receive the 40-acre Cement Hill property, located behind Kingsport’s train station, which is next to the 112-acre Brickyard Park property. In exchange, Domtar will receive Domtar Cloud Park and will contribute $500,000 toward relocating the memorial Scott Adams skate park that is currently located in Domtar Cloud Park.
Health Media Network and Meredith Corporation announced a first-to-market strategic alliance that brings Meredith's trusted content to doctors' offices throughout the country. The new Meredith Health Media Network Alliance enables advertisers to engage healthcare focused consumers across all Meredith assets as well as HMN's fully addressable video networks which includes Women's and Men's Health, Kids and Family Network, and the one of a kind PetCare TV. Through this alliance, Meredith gains a new distribution channel for its essential and inspiring lifestyle and entertainment video content bringing brands such as PEOPLE, Better Homes & Gardens, SHAPE, EatingWell, PARENTS, Allrecipes, FOOD & WINE, Southern Living, Health and Travel + Leisure, among others, to a wider audience while programming against key lifestyle themes such as healthy living, fitness travel, cooking and pop culture. Combined with Health Media Network's wellness and healthcare focus, this alliance provides an unprecedented opportunity for advertisers to engage target-rich audiences in a 360-brand approach.
One day three statisticians went hunting in Maine. Out overlooking an open meadow, they spotted a deer, and the first one took a careful shot but missed by a yard to the left. Miraculously the deer never moved, allowing the second to take his shot, this time missing by a yard to the right. The third took his turn to aim and – BINGO! “We got it!” exclaimed the third with high fives all around. The marketing planning process can seem precisely like this, and people remember the misses more than anything. Sales and customer growth forecasting is complicated under the best of circumstances, and when planning for 2021, we’re all in for some difficult challenges. One basic principle of forecasting is to plan for normalcy, but this year was anything but typical, and there is still a great deal of uncertainty ahead. Several years ago, when we had more human interaction with our peers, I remember my colleague Matt Morton referencing the planning process as being “a bit of alchemy,” which stuck with me. I thought that was a great way to put it. Naturally, we’ll have previous results from which to work, but the real skill involves the ability to make sound assumptions for planning purposes. Get more at: https://cohereone.com/planning-in-chaos/?utm_medium=email&_hsmi=99162426&_hsenc=p2ANqtz-8Fe-e-x7FfpLs6vHkNUBAT-Qiz-lHoetPkpZ3bUZ_E7KVhQoQauWC908pY6r9_kJQFD3RcOl6hkg75lneVJTRK4snWbCwo_yJaUHmecdx01klgoPY&utm_content=99162426&utm_source=hs_email
Meredith Corporation's PARENTS released the 12th annual list of Best Children's Books, recognizing the 30 top new reads for every child in 2020. Selected by the editors and kid-approved, the list of winners is available now on PARENTS.com/BestBooks and in the December issue of PARENTS magazine, available now. "Our editorial team—as well as our exclusive panel of librarians and voracious young readers—has been reviewing books since January to come up with this prestigious list of winners. PARENTS celebrates children's books in every issue, but there is nothing like this annual list to fill our readers' personal libraries and help raise the next generation of book lovers." Click read more below for the lists.
Stora Enso has decided to commence a feasibility study and environmental permit application process on enhancing and expanding the pulp- and board-making capabilities at its Skoghall Mill in Sweden. The investment would leverage the already strong mill into an integrated, highly cost-competitive and environmentally-friendly producer of packaging board and bleached softwood market pulp. The investment would serve customers globally and further establish Stora Enso as a provider of high-quality, renewable packaging materials. The feasibility study will evaluate a possible upgrade and expansion of existing integrated pulp capacity from 370 000 tonnes to 780 000 tonnes annually and a possible increase of 120 000 tonnes in board capacity. After the investment, the mill would be integrated close to 100%, with an additional 220 000 tonnes of softwood market pulp. This would enable a further increase in cost-competitive board production. The project would also significantly lower the fossil CO2 emissions of production. The findings of a recently completed pre-feasibility study supported continuation of the investment process.
Stora Enso has updated its strategy and certain financial targets, to support the Group’s focus on growth and value creation. The updated strategy and financial targets will be presented in Stora Enso’s Capital Markets Day online today. Stora Enso will have three focus areas for growth: • Packaging Materials and Packaging Solutions, driven by high demand for plastic free and eco-friendly circular packaging. We hold leading market positions and see attractive investment options. • Building Solutions, within our Wood Products division, driven by a growing wooden buildings market. We offer alternatives to fossil-based construction material and are a leading global supplier. • Biomaterials innovation, where our agenda is focused on lignin, and targets strong growth in new applications and markets.
Pregis announces the North American launch of its Sharp Packaging Systems® MAX-PRO 24 continuous bagging system. This latest model in the MAX-PRO line can handle a wider range of products and bag sizes making it ideal for fulfillment operations with a broad e-commerce offering. “When engineering the MAX-PRO 24, our focus was on creating a system that would help users maximize productivity and minimize labor costs. We think the MAX-PRO 24 delivers all that, and more, making it ideal for increasing volume demands being placed on e-commerce operations,” said Mike Menz, division president. The MAX-PRO 24 includes highly-advanced automated technology, new web handling features that simplify operations and automated pass-through settings, resulting in lower operating costs.
The new disc filter is perfectly suited to all system applications for many different pulp types and leads the way for upgraded performance and reliability in fiber processing. The PrimeFilter D builds on ANDRITZ disc filter technology, which has been well proven over decades, and brings together several key technological innovations in one unit to improve throughput and reduce both investment and operating costs: *HHw technology for advanced feeding and optimum flow conditions within the filter. Thus, the PrimeFilter D can handle higher feed consistencies and higher-freeness pulp, even in the most demanding applications. *CC bagless sectors, offering significant improvements in terms of operation thanks to very homogeneous fiber mat build-up as well as fast mat knock-off. The special design of the sectors eliminates the need for a filter bag and reduces maintenance to almost zero. *Two-level shaft sealing: The innovative, double sealing arrangement is easily accessible and ensures greater reliability and superior filtrate quality.
Kotkamills, a manufacturer of fully recyclable food service board, has signed a collaboration agreement with the organisers of the alpine skiing event World Cup Levi. World Cup Levi kicks off the FIS World Cup season with the women’s slalom event on 21 – 22 November. Food and beverages at World Cup Levi will be served in cups and trays made from Kotkamills’ eco-friendly, fully recyclable board. “Sustainability is very important to both collaboration parties, and we are working hard to advance it. We are pleased that the Levi event organisers have wanted to replace the traditional products with new, eco-friendly alternatives,” says Markku Hämäläinen, CEO of Kotkamills.
Monadnock Paper Mills, Inc. is pleased to introduce the “Un-Plastic Alternative” for in-store marketing applications. New ENVIsual Board is a renewable, fiber-based and curbside-recyclable option engineered for a new generation of retail and hospitality graphics, POP displays, and signage. ENVIsual Board is FSC® certified, manufactured carbon neutral (VERs) and made with 100 percent renewable Green-e certified wind powered electricity (RECs) under a third-party certified ISO 14001 Environmental Management System. “ENVIsual is an easy alternative to unsustainable styrene. It is the latest in a long line of Monadnock’s sustainably-advantaged materials serving as smart and high-performing replacements for traditional plastic based products,” said Julie Brannen, Director, Sustainability Solutions, Monadnock. “We will continue to deliver the performance, sustainability, and premium-quality attributes demanded by today’s brands and retailers.”
The labeling industry’s first truly closed-loop solutions for paper materials are here with the introduction of the UPM Raflatac LabelLoop™ range. Now available in the Americas market, this product portfolio includes paper label face materials constructed from recycled paper label liner – a first of their kind. The products were officially launched at this week’s Pack Expo Connects event. Today’s brands are looking for innovative solutions to help them meet their sustainability commitments, such as landfill reduction targets and increased use of recycled content. LabelLoop addresses this need and illustrates the company’s dedication to enabling the circular economy and working toward a future beyond fossils. Silicone and adhesive residue on waste liner causes major contamination, so liner that does get recycled is often downcycled into lower quality material. Now, with LabelLoop, these liners can continue to be used by the labeling industry, getting UPM Raflatac, its customers and end-users one step closer to a true circular economy.
WestRock was recognized at the Path to Purchase Design of the Times Awards with six awards for excellence in merchandising solutions, including two platinum awards, the most of any entrant. The Coca-Cola 4x4 Iconic Permanent Endcap produced for The Coca-Cola Company received a platinum award for Best Shopper Experience. This award celebrates the program that most effectively enhances the shopper experience by providing entertainment, visual enhancements, navigational assistance or other physical improvements to the retail environment. The Colgate® Target Optic White Advanced Endcap produced for Colgate Global Design & Colgate Palmolive received a platinum award for Best Shopping Solution. This award celebrates the program that most effectively delivers a tool that simplifies, quickens or otherwise improves the act of shopping. A complete list of the awards is included below, and images can be viewed at: https://events.ensembleiq.com/dotcelebration_2020/2020finalists
Sappi North America announces a transactional price increase of 3.5% to 5% on new and unconfirmed orders that book with a confirmed delivery date on or after Monday, January 4, 2021 on the following products: • McCoy Web • Opus Web • Somerset Web • Flo Web. The increase applies to all weights and all finishes. Standard differentials and upcharges apply. This price increase includes all private label programs.
Adobe announced it has entered into a definitive agreement to acquire Workfront, the leading work management platform for marketers, for $1.5 billion, subject to customary purchase price adjustments. With more than 3,000 customers and one million users, Workfront is the solution marketers rely on every day to efficiently manage content, plan and track marketing campaigns, and execute complex workflows across teams. Adobe solutions are at the nexus of creativity and customer experience management and mission-critical to marketers, creatives, analysts, and now, operations managers. Adobe Creative Cloud provides the world’s best creative apps and services to everyone, from students, to social media influencers, to professional photographers, filmmakers, and designers. Adobe Experience Cloud is the most comprehensive solution for content and commerce, customer journey management, and customer data and insights, all built on an open platform, enabling businesses of every size across every industry to deliver exceptional customer experiences at scale.
J. C. Penney Company, Inc. announced that the U.S. Bankruptcy Court for the Southern District of Texas has approved the previously announced asset purchase agreement with Brookfield Asset Management, Inc., Simon Property Group and the Company’s DIP and First Lien Lenders, which is supported by the Unsecured Creditors Committee. Pursuant to the APA, Brookfield and Simon will acquire substantially all of JCPenney’s retail and operating assets through a combination of cash and new term loan debt.
Meredith Corporation's Allrecipes announces its support for finding a cure for childhood cancer and other life-threatening diseases by teaming up with St. Jude Children's Research Hospital for its 2020 Thanks and Giving® campaign. This holiday season Allrecipes will shine a spotlight on this important cause through a wide range of content and promotional offerings across its digital, print, and social channels with the goal of helping kids and families at St. Jude Children's Research Hospital® as part of the annual tradition that raises funds to directly support the St. Jude mission: Finding cures. Saving children.® This is the first time that Allrecipes has participated in the St. Jude Thanks and Giving campaign, which unites world-class brands and their customers around a common goal – to build awareness and raise funds to support vital research and treatment. Because of generous supporters, families never receive a bill from St. Jude for treatment, travel, housing or food – because all a family should worry about is helping their child live.
Wiley Education Services announced a new partnership with University of Wyoming (UW) to help bring the school’s courses online quickly and effectively for the spring 2021 semester. One of Wiley's largest fee-for-service agreements to date, the partnership will provide UW with instructional design and faculty support, as well as development and training services for their faculty as they look to convert in-person classes to online modalities. The current landscape, amid COVID-19, has accelerated institutional focus on course design and faculty development. While 45% of faculty report an overall improved perception of online learning since the beginning of the pandemic, educators are still navigating the transition, according to Every Learner Everywhere and Tyton Partners. Wiley has been supporting its partners by meeting their immediate needs as it relates to course and faculty development, market research, and on-campus support, while also helping them plan for the long-term.
The global food packaging industry is setting ambitious targets to make its operations more sustainable, working on designing for circularity across systems and products. However, lasting solutions need cooperation between different contributors. “While we have seen a significant leap forward in terms of our industry-wide commitment to sustainability we know that to deliver groundbreaking solutions we have to work across the industry and that no single organization holds all the answers”, says Thomasine Kamerling, Executive Vice President, Sustainability and Communications at Huhtamaki. “Our Circularity report helps to set out on what is needed today to address some of the biggest challenges we face in the creation of true and lasting sustainability, together. We are delighted that so many organizations have taken the opportunity to share their thoughts on what is needed next by contributing directly to the report.
Third Quarter Financial Results Highlights: *Earnings before interest, taxes, depreciation and amortization ("EBITDA") from ongoing operations for Aluminum Extrusions of $16.5 million was $0.1 million higher than the third quarter of 2019 *EBITDA from ongoing operations for PE Films of $6.0 million was $4.2 million lower than the third quarter of 2019 *EBITDA from ongoing operations for Flexible Packaging Films of $9.5 million was $5.2 million higher than the third quarter of 2019
The ultra-high-speed, single-pass EFI™Reggiani BOLT digital textile printer from Electronics For Imaging, Inc. has received the InterTech™ Technology Award from PRINTING United Alliance. The InterTech Technology Awards honor technologies predicted to have a major transformational impact on the printing industry. The groundbreaking EFI Reggiani BOLT is the very first textile printer to receive an InterTech Award. Thanks to its cutting-edge printhead concept and high-performance ink delivery system for direct-to-textile printing, the 71 inch- (1.8 meter-) wide EFI Reggiani BOLT is the fastest digital textile printer available, delivering a top throughput speed of 295 feet (90 meters) per minute at a 600 x 600 dots per inch (dpi) resolution. It features high-end imaging in drop sizes from 5 to 30 picoliters, and also provides premium-quality 600 x 4,800 maximum-dpi resolution printing, allowing customers to address their full range of design needs.
TC Transcontinental Packaging is pleased to announce the launch of IntegrititeTM 30% post-consumer recycled (PCR) collation shrink film. The new packaging can be found in the AHA® Sparkling Water printed case wrap appearing on select Sam’s and BJ's Club Store shelves this Fall in Ohio, Virginia, Maryland, West Virginia, Indiana, South Carolina, North Carolina, Arkansas, Tennessee, Kentucky, Mississippi and Delaware. IntegrititeTM PCR collation shrink film includes 30% of post-consumer plastic resin transformed into a recyclable resource. “Our R&D team has crafted a collation shrink film that is itself recyclable at store drop off locations and contains PCR without sacrificing performance, strength and durability,” said Alex Hayden, Senior Vice President, R&D and Sustainability, at TC Transcontinental Packaging. “We are proud to support The Coca-Cola Company in sourcing flexible packaging with recycled content, to contribute to the establishment of a circular economy for plastics, and to meet our shared Ellen MacArthur Foundation’s New Plastics Economy Global Commitment signatory vision of a future whereby plastic never becomes waste.”
Appvion Operations, Inc., is launching a line of innovative packaging products under its new MISSION ZERO™ portfolio of sustainable products. MISSION ZERO™ is the umbrella brand for Appvion's newly engineered products to enhance sustainable packaging design by providing functional materials and systems that are addressing key issues of sustainability and recyclability. The MISSION ZERO™ products are designed to enable transformation, innovation, and optimization in the paper packaging value chain, and provide for a closed loop system and circular economy for consumer packaging, food service, industrial packaging and communication papers. "First in line under MISSON ZERO™ will be an innovative recyclable cup stock for hot and cold beverages that meets widely recognized industry standards for sustainable packaging in food and beverage , most notably the use of renewable, recyclable and responsibly sourced materials." said Jorg Schneewind, President of Appvion Packaging and Specialty Coatings.
From takeout food to online shopping, more people are leveraging the safety and convenience of ordering online because of the COVID-19 pandemic. As unprecedented as this moment in time is, consumers’ shifting purchasing habits have a silver lining—people are paying more attention to the sustainability of product packaging. While the pandemic has compounded an environmental crisis, consumers are paying attention to issues of sustainability in a different way and prioritizing the need for greater packaging sustainability. As we navigate this “new normal,” our awareness of just how much we are consuming has sharpened our focus on the need to advance toward a circular economy for a more sustainable world. In navigating the road to greater sustainability in packaging, there is no one-size-fits-all approach. Companies and customers must have access to a variety of solutions and be provided with multiple opportunities to make more sustainable choices. How do we gain traction on our journey toward a more circular economy? In a word: collaboration.
Target Corporation and Ulta Beauty announced a strategic, long-term partnership to transform the beauty landscape with Ulta Beauty at Target. The “shop-in-shop” concept will offer established and emerging prestige brands online and in select Target locations nationwide beginning next year. Target and Ulta Beauty, two trusted retail leaders that excel in curation, omnichannel engagement and guest-centric experiences, will together create a new way for beauty enthusiasts to discover exciting prestige brands. The partnership brings Ulta Beauty’s best-in-class beauty authority to millions of guests who love the ease and convenience of Target’s one-stop shopping experience. It also provides beauty brands an opportunity to expand and grow in a new, industry-leading omnichannel retail experience.
Reach is proposing to close the newest newspaper printing facility in the UK, with two of its print sites set for the chop with the potential loss of 150 jobs. At the end of September Reach, which is the biggest contract newspaper printer in the UK, announced it would review its printing operations due to uncertainty over the levels of future work. It is now proposing to close its Luton and Birmingham sites. Reach Printing Services currently has six sites across the country. The group said that it planned to “balance the production of its national and regional print titles as well as third-party customers across its remaining print network”.
Global pressure sensitive label material supplier UPM Raflatac is pleased to announce it has made great progress toward a more circular economy for plastics and a future beyond fossils. This progress is detailed in the New Plastics Economy Global Commitment 2020 Progress Report by the Ellen MacArthur Foundation and the UN Environment Programme. UPM Raflatac is the only pressure sensitive labeling company to have announced targets for reducing unnecessary plastic packaging as a signatory of the Global Commitment. As highlighted in the report, UPM Raflatac has continued to develop new sustainable label solutions that focus on more resource-efficient materials, including certified papers, recycled content, solvent-free adhesives, and wash-off and fossil-free solutions. One major step in this direction was the debut of UPM Raflatac Forest Film™ in 2019, the industry's first commercially available polypropylene and polyethylene plastic labeling material derived from wood-based sources.
Pearson announces the disposal of its interests in Pearson Institute of Higher Education (PIHE) in South Africa to a consortium of Stellenbosch Graduate Institute (SGI) and EXEO Capital. Stellenbosch Graduate Institute (SGI) is an established provider of innovative education programmes from a digital platform. EXEO Capital is a pan-African alternative investment firm. This is in line with the strategic direction Pearson has taken in recent years to shift away from physical, large-scale direct delivery services and focus on strategic opportunities. The disposal is expected to close in the first half of 2021 subject to the necessary regulatory approvals being obtained.
Net sales for the third quarter 2020 decreased $310 million compared to the third quarter of 2019, as a result of significant declines in sales volume and unfavorable price/mix. Of the $310 million, or 50%, net sales decline, $36 million, or 6%, was attributable to the closure of our Luke Mill in June 2019 and $145 million, or 24%, was a result of the sale of our Androscoggin and Stevens Point mills in February 2020, and $70 million, or 11%, was attributable to the indefinite idling of our Duluth and Wisconsin Rapids mills in July 2020. Total company sales volume was down from 679 thousand tons during the third quarter 2019, to 382 thousand tons during the same period of the current year. Of the 297 thousand ton volume decline, 36 thousand tons were attributable to the closure of our Luke Mill in June 2019, 146 thousand tons were a result of the sale of our Androscoggin and Stevens Point mills in February 2020, 79 thousand tons were attributable to the indefinite idling of our Duluth and Wisconsin Rapids mills in July 2020, and the additional decline in volume resulted from lower customer demand driven by the COVID-19 pandemic. Operating loss was $44 million for the third quarter of 2020, a decrease of $72 million when compared to operating income of $28 million for the third quarter of 2019.
With sales up in all categories, unit sales of print books rose 9.5% in the week ended Oct. 31, 2020, over the comparable week in 2019, at outlets that report to NPD BookScan. The top-selling book was The Deep End (Diary of a Wimpy Kid #15) by Jeff Kinney, which sold more than 171,000 copies and helped to drive up sales in the juvenile fiction category by 15.5%. A second new release that landed high on the category list was Jimmy Fallon’s 5 More Sleeps ’til Christmas, which sold more than 21,000 copies. For most categories, sales increases over the week ended Nov. 2, 2019, weren’t driven by hot new bestsellers but by solid sales overall. The #1 title in the juvenile nonfiction category, for example, was Big Preschool Workbook, which sold a modest 7,200 copes. The YA fiction category, which had a 25.7% increase, was once again led by Stephenie Meyer’s Midnight Sun, which sold more than 17,000 copies.
Smurfit Kappa has today announced new targets to further reduce its fossil CO2 emissions, including its ambition to reach at least net zero emissions by 2050. It has also increased its existing intermediate 2030 CO2 reduction target by 15 percentage points to 55%, in comparison to the 2005 baseline. The company will have these targets validated by the Science Based Target initiative as being in line with the objectives of the Paris Agreement. Smurfit Kappa has been a market leader in sustainability since 2005. Before today’s announcement, the company had already achieved a reduction in CO2 emission intensity of 32.9% on its 2030 target of a 40% reduction. This impressive achievement has resulted from the successful implementation of key projects that form part of the company’s medium-term strategic plan. One such project was the installation of an industry-leading recovery boiler at the company’s Nettingsdorf Paper Mill in Austria which began operating in June of this year. The new boiler is set to cut CO2 emissions by an additional 40,000 tonnes, which translates into an additional 1.5% reduction in CO2 emissions across the business.
Sun Chemical has signed up to the Digital Watermarks Initiative HolyGrail 2.0, facilitated by AIM, the European Brands Association. In doing so, Sun Chemical is joining forces with over 85 companies and organisations to participate in a pilot project with the goal of proving the viability of digital watermarking technologies to enable better sorting and higher quality recycling rates for packaging in the EU, in order to drive a truly circular economy. The initiative follows on from HolyGrail 1.0, a project conducted as part of the Ellen MacArthur Foundation’s New Plastics Economy programme, which brought together different stakeholders from the packaging value chain between 2016 and 2019. Having investigated different innovations to improve post-consumer recycling, digital watermarks were found to be the most promising technology.
Branded, wood fibre-based, easy-to-recycle cups manufactured from Kotkamills’ board are now used by Bentley Suomi. The tailor-made cups commemorate the luxury brand’s more than 100-year history. The history of Kotkamills, a specialist in wood-based consumer packaging, goes back even further: it will soon be 150 years since the sawmill was established. In addition to a long history, Kotkamills and Bentley are united by a strong commitment to building a more sustainable future – without compromising quality. The wood-based products are driving Bentley Suomi to the forefront of sustainable luxury. The high-quality branded cups reflect the sustainable and innovative use of natural resources, and they are safe to use and easy to recycle.
Mondi has joined the newly created consortium CELAB (Circular Economy for Labels). This industry initiative was founded by companies in the self-adhesive label industry to create greater circularity for its products by enhancing and promoting matrix and release liner recycling around the world. In joining CELAB, Mondi and other leading companies from the self-adhesive label industry will facilitate collaboration at a global level, foster regional initiatives, and encourage the universal adoption of industry best practices.
ND Paper is implementing a series of transformations at its Rumford Division to further expand into packaging grades. In its current configuration, the fully integrated Rumford Division operates three paper production lines, kraft and mechanical pulping assets, and a pulp dryer; its product mix is heavily weighted toward bleached grades serving printing and writing (P&W) markets. With the COVID-19 pandemic battering economic activity across the world, demand for P&W papers has plummeted; coated woodfree and coated mechanical papers – primary Rumford grades – are expected to decline 23.5% and 30.3% year-over-year, respectively, equivalent to over 1.4 million tons of output. 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
As support for Two Sides’ consumer-focused Love Paper campaign continues to grow, we are pleased to announced that the Love Paper logo is now available for on-product use! Any company that uses print, paper and paper-based packaging, including brands, retailers, marketing agencies, printers, and paper and paper-based packaging manufacturers, can use the Love Paper® on-product logo to enhance their own sustainability messages. The Love Paper® logo is a simple, eye-catching way to tell customers that you care about the environment and use products from an inherently sustainable industry. The logo’s subtle design and color variations are an effective yet unintrusive addition to any paper product, from printed catalogs and books to direct mail and product packaging.
You’ve planned the photoshoot down to the tiniest detail. You’ve carefully selected the merchandise. You’ve agonized over the creative concepts. Every email, every landing page, every catalog page looks better than ever! But what if I told you that each of these could work even harder. When you combine data insights with creative, the whole becomes greater than the sum of the parts. Here are a few ideas for making smart, data-driven decisions to inform creative: https://www.jschmid.com/blog/breakthrough-creative-get-creative-with-data/
Hygiene is a key factor in modern society today. Good health, together with an improved quality of life, is directly related to good hygiene. Our latest fact sheet examines the research and looks at which is the most hygienic way to dry hands, paper towels or electric hand dryers? We are pleased to present the Two Sides Q3 Campaign Update. The report covers all of our latest results and successes. Product packaging around the world is currently going through a transformation, with companies keen to move from single-use to more sustainable solutions. Read more at: https://twosides.info/documents/factsheets/6-What's-More-Hygienic.pdf?utm_medium=email&utm_campaign=TSUK%20Nov%201&utm_content=TSUK%20Nov%201+CID_058a839741026ebda51b4eec13bfca33&utm_source=Email%20marketing%20software&utm_term=Read%20more
*Revenue was $54.1 million lower than last year. COVID-19 continued to negatively impact our results, primarily across the Promotional Solutions, Cloud Solutions and Checks segments. *The Payments segment delivered strong revenue growth of 15.6% over the same period last year, benefiting from Treasury Management revenue growth of 20.9% in the third quarter driven primarily by December 2019 sales wins. *Net income of $29.4 million was impacted by COVID-19, compared to a net loss of $318.5 million in the third quarter 2019. 2019 results included pre-tax, non-cash asset impairment charges of $391.0 million. The impairment charges related to goodwill, as well as amortizable intangible assets. *Cash flow from operations for the nine months ending September 30, 2020 was $166.8 million and capital expenditures were $42.7 million. Free cash flow, defined as cash provided by operating activities less capital expenditures, was $124.1 million, a decrease of $34.2 million as compared to 2019. In addition to COVID-19, free cash flow was impacted by previously disclosed expenditures to support the Company’s business transformation and the ongoing secular decline in checks. These impacts were partially offset by lower income taxes and a legal settlement in the prior year. *At the end of the third quarter, the Company had $1.04 billion of total debt outstanding under its revolving credit facility, compared to $883.5 million at the beginning of 2020. Liquidity was $413.0 million, with cash and cash equivalents totaling $310.4 million at the end of the quarter.
Domtar Corporation reported a net loss of $92 million for the third quarter of 2020 compared to net earnings of $19 million for the second quarter of 2020 and net earnings of $20 million for the third quarter of 2019. Sales for the third quarter of 2020 were $1.1 billion. Operating loss was $136 million in the third quarter of 2020 compared to operating income of $14 million in the second quarter of 2020. Depreciation and amortization totaled $71 million in the third quarter of 2020. Operating income before items1 was $43 million in the third quarter of 2020 compared to operating income before items1 of $15 million in the second quarter of 2020. When compared to the second quarter of 2020, manufactured paper shipments were up 20% and pulp shipments decreased 7%. The shipment-to-production ratio for paper was 105% in the third and second quarters of 2020. Paper inventories decreased by 20,000 tons, and pulp inventories increased by 38,000 metric tons when compared to the second quarter of 2020.
Supermarkets in New Jersey will no longer be able to give paper bags to customers starting in mid-2022. New Jersey Gov. Phil Murphy has signed a law prohibiting N.J. retailers and other businesses from handing out single-use paper and plastic bags, single-use plastic carryout bags and polystyrene foam containers. The law, which is being called one of the toughest of its kind in the country, goes into effect in May 2022. The bans apply to a variety of businesses, including restaurants, convenience stores, food trucks, movie theaters and grocery stores that are 2,500 sq. ft. or larger. The ban also does not apply to reusable carryout bags, defined in the bill as those made out of polypropylene, or nylon, cloth, hemp and other washable fabrics.
The New York Times Company announced third-quarter 2020 diluted earnings per share from continuing operations of $.20 compared with $.10 in the same period of 2019. Adjusted diluted earnings per share from continuing operations (defined below) was $.22 in the third quarter of 2020 compared with $.12 in the third quarter of 2019. Operating profit increased to $39.6 million in the third quarter of 2020 from $25.1 million in the same period of 2019 and adjusted operating profit (defined below) increased to $56.5 million from $44.1 million in the prior year, as higher digital-only subscription revenues and lower costs more than offset lower advertising revenues. Subscription revenues in the third quarter of 2020 rose due to growth in the number of subscriptions to the Company’s digital-only products, which include our news product, as well as our Cooking, Games (previously Crossword) and audio products. Revenue from digital-only products increased 34.0 percent, to $155.3 million. Print subscription revenues decreased 3.8 percent to $145.7 million largely due to lower retail newsstand revenue, while revenue from our domestic home delivery subscription products grew 2.5 percent.
Fiscal 2021 First Quarter Key Financial Highlights: *Revenues were $2.12 billion, a 10% decline compared to $2.34 billion in the prior year, primarily driven by the sale of News America Marketing *Net income of $47 million compared to a net loss of $(211) million in the prior year, which included non-cash impairment charges of $273 million *Total Segment EBITDA was $268 million compared to $221 million in the prior year *Reported EPS were $0.06 compared to $(0.39) in the prior year – Adjusted EPS were $0.08 compared to $0.04 in the prior year *Segment EBITDA at Digital Real Estate Services grew 45%, with record revenue and profit contribution by Move, operator of realtor.com®, led by its referral model *Segment EBITDA at Dow Jones grew 47%, driven by record average consumer product subscriptions of 3.88 million, led by 29% growth in digital-only subscriptions *Book Publishing saw 13% and 45% growth in revenues and Segment EBITDA, respectively, benefiting from continued strong performance in digital sales
Average student spending on college textbooks and course materials continued to decline during the fall semester of 2020, dropping 7% compared to the same term last year, according to a special preview of the latest data from independent research firm Student Monitor. A high-level version of Student Monitor’s Fall 2020 report is due out in November, followed by the full report in December. “We are pleased to once again partner with Student Monitor to offer a sneak peek of its Fall 2020 report, which reaffirms the incredible array of options that students and college administrators have today to access course materials and improve learning outcomes,” said Kelly L. Denson, Vice President of Education Policy and Programs at the Association of American Publishers. “The consistent decline in student spending on textbooks and other learning materials is a clear illustration of education publishers’ longstanding commitment to affordability initiatives that put students and educators first.”
Highlights - Three Months Ended September 30, 2020 • GAAP earnings per share (EPS) of 12.6 cents per share, up 207%; • Adjusted EPS of 15.8 cents per share, up 20% in constant currency terms; • Adjusted EBIT of $358 million, up 9% in constant currency terms; • Bemis acquisition synergies of $20 million delivered in Q1. $100 million delivered on a transaction to date basis; • Quarterly dividend increased to 11.75 cents per share; • $150 million share buy-back announced today, funded by divestment proceeds; and • Fiscal 2021 outlook for adjusted EPS growth raised to 7-12% in constant currency terms (previously 5-10%).
Berry Global Group, Inc. takes pride in announcing that its team members recently joined together in a three-week global campaign to clear litter from local communities around the world. The Company’s team members tracked their progress through the Litterati app, where they recorded over 400,000 pieces of litter. Berry’s campaign was held in conjunction with the Alliance to End Plastic Waste and in support of the ALL_TOGETHER GLOBAL CLEANUP. “Berry was proud to take part in this very worthwhile initiative. Not only is this program in direct support of our Impact 2025 Sustainability Strategy, but it also served as a catalyst for raising awareness of properly disposing of waste,” said Tom Salmon, Berry’s Chairman and CEO. “I extend sincere appreciation to our team members around the globe for their ongoing dedication to volunteerism and helping to further beautify their local communities.”
Sonoco ThermoSafe announced the launch of its new EOS™ line of fully curbside recyclable temperature controlled packaging in the U.S. EOS was created to give concerned life science and perishable clients a truly curbside recyclable system from a trusted provider. Several competing insulated packaging products claim curbside recyclability but use inner pellets, panels and liner coatings that can’t be separated or sorted and become unrecyclable as-is at Municipal Recycling Facilities (MRFs). As one of the largest recyclers in the U.S., Sonoco has deep expertise in both recycling technology and regulatory requirements. Prior to launching EOS, Sonoco ThermoSafe conducted substantial internal and third party university testing on its components affirming EOS’ curbside recyclability as is.
Pregis has acquired Technical Machinery Solutions (TMS), Elk Grove Village, Illinois from its privately-held owners. The acquisition also includes the Graphic Innovators business. Most recently, the company has gained attention for the equipment it has engineered which is thought to be the first used to produce a lightweight, curbside recyclable all-paper mailer. Branded the TMS Eco Mailer™, these cushioned mailers provide great protection with circularity in mind and can be recycled in all-paper recovery systems. As a result, they are the ideal solution for both consumers and brand owners seeking to meet environmental objectives.
Interfor Corporation recorded net earnings in Q3’20 of $121.6 million, or $1.81 per share, compared to $3.2 million, or $0.05 per share in Q2’20 and a net loss of $35.6 million, or $0.53 per share in Q3’19. Adjusted net earnings in Q3’20 were $140.0 million compared to $10.6 million in Q2’20 and an Adjusted net loss of $11.8 million in Q3’19. Adjusted EBITDA was a record $221.7 million on sales of $644.9 million in Q3’20 versus $42.8 million on sales of $396.8 million in Q2’20.
Kimberly-Clark announced that it has earned a 2020 SmartWay® Excellence Award from the U.S. Environmental Protection Agency (EPA) for leadership in environmentally responsible shipping. The award recognizes companies for using a range of fuel-saving strategies in their shipping and freight delivery services that reduce transportation emissions and make freight delivery more sustainable. "We are proud to receive an eighth consecutive SmartWay Excellence Award for our efforts to minimize the carbon footprint of our transportation network," said Scott DeGroot, Vice President of Global Distribution and Planning at Kimberly-Clark. "We will continue to work with our suppliers to find innovative ways to increase operating efficiency, lower greenhouse gas emissions across our value chain, and minimize our impact on the planet. This aligns with our ambition to improve the lives and well-being of 1 billion people in underserved communities around the world with the smallest environmental footprint by 2030."
Kotkamills will continue as the main partner of the KooKoo ice hockey team also in the next league season. The partners have agreed to exercise the agreement’s option year for 2021–2022. KooKoo is pursuing a completely plastic-free game event, and the agreement means a big step closer to realising that goal. One of the big social responsibility targets of the collaboration that started between KooKoo and Kotkamills in 2019 is to make the Finnish ice hockey elite league, Liiga, games played at Lumon Arena plastic-free. “When we started the partnership with Kotkamills, our ambitious goal was to be the first sports club to develop our operations so that one day we can have a completely plastic-free game event and together show our strength in building social responsibility,” says KooKoo’s Managing Director Sakari Välimaa.
Monadnock Paper Mills, Inc. is pleased to announce the addition of Astrolite® Digital+, Astrolite PC 100® Digital+ and Astrolite PC 100 Velvet C2S to the Scodix Recommended Media List (RML). Recently released luxurious Monadnock Astrolite PC 100 Velvet, with a universal print coating optimized for UV and conventional offset, dry toner and HP Indigo presses, is now recommended for Scodix Digital Enhancement Presses.
Mondi, a leading global packaging and paper manufacturer, and Fiorini International, a leading Italian packaging converter, have developed Italy’s first 100% recyclable paper rice bag for Italian rice producer Riseria Vignola Giovanni. Made of Mondi Advantage Smooth White Strong paper, the new ‘Rice Bag’ will support Vignola’s sustainability aims to reduce use of plastic packaging. The 'Rice Bag' was designed as part of Mondi’s customer-centric EcoSolutions approach to help customers achieve their sustainability goals while meeting technical requirements such as food shelf life preservation and regulations. Vignola showed a clear commitment to use more environmentally sustainable packaging with their purchase of a new form-fill-seal machine suitable for paper-based bags. "Our fifth-generation family company has long been an innovator in Italy. In 1971, we were one of the first to pack rice in cardboard boxes, and in the 1980s we were among the first to adopt the vacuum packaging system. Now we are pleased to be leading the market once again with this fully recyclable paper rice bag for our 500g and one kilo packages, giving consumers the sustainable, recyclable packaging they increasingly prefer." Giovanni Vignola, Managing Director, Vignola
National Average Price for Regular Unleaded Current: $2.119; Month Ago: $2.182; Year Ago: $2.623. National Average Price for Diesel Current: $2.364; Month Ago: $2.386; Year Ago: $3.009.
American Dollar to Canadian Dollar = 0.764624; American Dollar to Chinese Yuan = 0.151289; American Dollar to Euro = 1.186918; American Dollar to Japanese Yen = 0.009679; American Dollar to Mexican Peso = 0.048093.
Resolute Forest Products Inc. announced that after a 39-year distinguished career with Resolute, Yves Laflamme will be stepping down, and retiring, as of March 1, 2021. The board of directors has unanimously selected and appointed Remi G. Lalonde as the company's next president and chief executive officer, effective on the same date. Mr. Lalonde, 44, currently serves as senior vice president and chief financial officer. Upon becoming president and CEO, Mr. Lalonde will be appointed to Resolute's board of directors. The announcement today coincides with Resolute's third quarter 2020 results. "The Resolute board of directors enthusiastically supports Remi Lalonde's selection as the company's next president and CEO. He has an outstanding track record of success as well as strength of character and exemplary personal integrity. Remi's superior leadership skills demonstrated on a range of strategic initiatives have consistently impressed the board," stated Bradley P. Martin, chairman of the board of directors. "Remi has very good relationships with our stakeholders, sharp analytical skills, impressive credentials, and a strong business drive. We are confident he will guide the company through its ongoing strategic transformation, delivering improved shareholder value. Remi is the right person at the right time for Resolute."
*Q3 GAAP net income of $57 million / $0.66 per diluted share *Adjusted EBITDA of $140 million *Net debt down to $541 million / liquidity strengthened to $477 million at quarter-end *$38 million YTD EBITDA contribution from our recently acquired U.S. sawmills *Remi G. Lalonde to succeed Yves Laflamme as president and CEO as of March 1
Fiscal 2021 first quarter revenues were $694 million, down 4 percent from the prior-year period. Declines due to COVID-19 and previously announced magazine portfolio adjustments were partially offset by record first quarter revenue performance for National Media Group digital advertising and Local Media Group political revenues. Fiscal 2021 first quarter earnings from continuing operations more than tripled to $42 million from $12 million in the prior-year period. Adjusted EBITDA grew 17 percent to $143 million due primarily to digital advertising and political revenue growth. Fiscal 2021 first quarter cash flow from operations was $79 million, compared to a use of $14 million in the prior-year period, and free cash flow was $70 million, compared to a use of $29 million in the prior-year period, as Meredith benefited from political revenues, effective working capital improvements, lower compensation-related items, and lower restructuring payments.
At its meeting today, the Bertelsmann Supervisory Board appointed Rolf Hellermann as the new Chief Financial Officer (CFO) of the international media, services and education company. Rolf Hellermann, currently CEO of the Bertelsmann subsidiary Arvato Financial Solutions and a member of Bertelsmann’s Group Management Committee, will take up his position as CFO and member of the Bertelsmann Executive Board with effect from January 1, 2021. He succeeds Bernd Hirsch, who is leaving the company at his own request to pursue new professional challenges. Bernd Hirsch had previously asked the Supervisory Board to release him from his position on the Board of Management with effect from the end of the year 2020. The Supervisory Board has complied with this request. Christoph Mohn, Chairman of the Bertelsmann Supervisory Board, said: “I am very pleased that Rolf Hellermann has agreed to serve as CFO of Bertelsmann. He is optimally qualified for this position, has a profound analytical mind, and takes a strategic perspective. He most recently demonstrated his entrepreneurial skills as CEO of Bertelsmann’s fast-growing subsidiary Arvato Financial Solutions. I am convinced that Rolf Hellermann is an ideal choice as a new member of the Executive Board. On behalf of the entire Supervisory Board, I wish him every success in his new position.”
Costco Wholesale Corporation reported net sales of $13.82 billion for the retail month of October, the four weeks ended November 1, 2020, an increase of 15.9 percent from $11.92 billion last year. For the nine weeks ended November 1, 2020, the Company reported net sales of $30.66 billion, an increase of 16.4 percent from $26.33 billion last year.
Q3 2020 Headlines: *While the COVID-19 pandemic continued to impact third quarter net sales and billings performance, HMH’s continued virtual learning support for customers and decisive cost and liquidity actions helped mitigate the impact of the COVID-19 pandemic on its profitability and cash flow, and resulted in strong cash generation in the seasonally important third quarter of 2020. *Net sales declined 32% to $387 million in the third quarter, and declined 28% to $828 million on a year-to-date basis *Billings1 declined 32% to $506 million in the third quarter, and declined 33% to $934 million on a year-to-date basis *HMH concluded the Texas Literature adoption with a 34% share of the opportunity *Significant growth in digital platform usage with a 388% increase in student assignments over the last twelve months as schools continue to adjust to remote learning environment *Continued acceleration of SaaS billings growth to 147% for the last twelve months *Net cash provided by operating activities of $264 million in the third quarter, and $75 million on a year-to-date basis *Strong free cash flow2 of $237 million in the third quarter, and nearing break-even at $(11) million on a year-to-date basis
Third Quarter 2020 Summary(1) *Total reported sales of $2.5 Billion, down 9% versus last year and up 18% sequentially compared to the second quarter of 2020. Sequential sales performance represents an 800 basis points trend improvement when comparing year-over-year revenue performance *GAAP operating income of $102 million and net income of $57 million, or $1.04 per share, each down approximately 5% year-over-year *Improved working capital conversion resulted in operating cash flow of $309 million and adjusted free cash flow of $312 million, versus $212 and $209 million, respectively in prior year *$1.7 billion of total available liquidity including $743 million in cash
Covid-19 has changed consumer behaviour – perhaps forever. People are spending more time at home and this trend is set to continue. The way we consume media and the way brands build trust and drive customer action has also changed. It has never been more important for brands to build deeper, more engaging relationships with their customers. The latest insights, from Royal Mail Market Reach and JICMAIL, reveals the vital role physical mail is playing in a disrupted media landscape. During the initial lockdown, a record 96% of all mail was engaged with. Frequency of exposure to mail was at its highest ever recorded by JICMAIL and mail-driven online behaviour has increased by 70%*. The free guide is packed full of insight, stats, infographics, useful content, resources and tips on how to deliver effective and measurable direct mail campaigns to drive ROI for your business.
The Mayr-Melnhof Group is strengthening the Neupack folding box production at the Hirschwang site in Austria with an extensive future-oriented program. An investment plan of EUR 18 million in buildings and machines is intended to significantly increase the international competitiveness of the location in the growth markets of e-commerce packaging and high-quality printed consumer goods packaging in ultra-fine wave (microwave) for products such as food, pet food and electrical household appliances. In addition to the construction of an enlarged production and warehouse hall, investments are made in new printing technology, punching capacities as well as state-of-the-art automation and infrastructure. The aim is to lead Neupack Hirschwang into the future with bundled forces and an attractive range of products with good earnings. This makes the folding box factory a sustainable employer in the region with currently 215 employees.
The Alloyd Division of Sonoco introduced its new, patent pending, roll-feed, cut and seal machine for medical packaging applications that use Tyvek. This innovative, integrated machine brings automation to the production environment, helping to create a faster, more efficient production system for sealing Tyvek-based packaging. It makes for a versatile addition to the existing line of Aergo 2 and Aergo 2 Plus heat sealing machines. “Any time you can increase speeds, seal quality and seal accuracy, while also reducing material scrap and tooling costs, it’s a win, win, win,” said Jim Lassiter, Sonoco segment vice president, Global Plastics. “Precision and performance are so critical in medical packaging where there is very little, if any, room for error. The fact that the addition of this machine to the production process is able to dramatically reduce, or in some cases, completely eliminate operator error, delivers peace of mind for customers because they can have greater confidence in the performance of their final package.”
The American Forest & Paper Association (AF&PA) President and CEO Heidi Brock issued the following statement regarding New Jersey’s Paper Bag Ban (NJ Senate Bill 864 / Assembly Bill 1978): “The American Forest & Paper Association opposes the action taken today by Governor Phil Murphy, signing into law a statewide ban on paper bags. This action undermines an environmentally responsible option for consumers. New Jersey is now the only state in the nation to ban paper bags, which are made from a renewable resource and are recyclable, reusable and compostable, providing a safe packaging option to protect purchases from damage and contamination. With the stroke of a pen, Governor Murphy sent an alarming message in devaluing family-wage manufacturing jobs, which are often union labor. This is an unfortunate message to send to the thousands of people working in direct and indirect jobs supported by the paper and wood products industry in the Garden State.”
Ahlstrom-Munksjö has joined CELAB (Circular Economy for Labels), a global coalition recently created to promote the development of circular economy for self-adhesive label materials. The purpose of CELAB is to create greater recyclability for the products in the self-adhesive label industry by enhancing and promoting options for recycling their waste streams around the world. There are two main process stages in the value chain of label materials which generate waste streams. The first stream is generated from the unused surrounding area of the self-adhesive face stock material after cutting the labels; this is also known as “matrix waste”. The second stream arises from the liner from which the label is peeled away during dispensing. Turning these waste streams into resources offers important sustainability improvements.
KPLP Q3 2020 Business and Financial Highlights • Revenue was $369.1 million in Q3 2020 compared to $344.0 million in Q3 2019 excluding the divested Mexico business in 2019, an increase of $25.1 million or 7.3%. • Adjusted EBITDA was $46.2 million in Q3 2020 compared to $44.0 million in Q3 2019, an increase of 5.1%. • TAD Sherbrooke site near completion and remains on time and on budget.
Third Quarter 2020 Highlights: *Third quarter income from continuing operations was $29 million, $43 million better than comparable quarter in 2019 *Third quarter Adjusted EBITDA of $55 million, up $19 million from comparable quarter in 2019 primarily driven by higher lumber prices, improved reliability in High Purity Cellulose operations and lower costs *Generated $34 million of Free Cash Flow through the third quarter driven by reduced capital expenditures and improved working capital *Improved liquidity of $196 million, excluding a $33 million cash tax refund expected in fourth quarter plus an additional $22 million expected over the next twelve months
Financial summary for the quarter and full year • EBITDA excluding special items o For the quarter US$82 million (Q4 FY19 US$185 million) o For the year US$378 million (FY19 US$687 million) • Loss for the period *For the quarter US$88 million (Q4 FY19 profit of US$50 million) *For the year US$135 million (FY19 profit of US$211 million) • Cash generation for the quarter of US$88 million (Q4 FY19 US$173 million) • Net debt US$1,957 million (FY19 US$1,501 million)
Notable items in the fourth quarter of fiscal 2020 include: *Net sales of $4.5 billion increased sequentially by 5.6% and decreased by 3.9% compared to the prior year quarter *Packaging volumes increased sequentially 6.9% and 2.4% compared to the prior year quarter *Consumer Packaging reporting unit recorded a non-cash goodwill impairment of $1.3 billion, or $5.06 per diluted share, driven by expected lower volumes and cash flows related to certain external SBS end markets including commercial print, tobacco and plate and cup stock *Loss of $4.45 per diluted share and adjusted earnings per diluted share of $0.73 compared sequentially to $0.69 of earnings per diluted share and $0.76 of adjusted earnings per diluted share *Generated net cash provided by operating activities of $732 million and Adjusted Free Cash Flow of $631 million
With mail volume down overall, marketers are reporting less competition and higher response rates with their direct mail and catalog campaigns. As more people stay (and shop) at home, each direct mail piece is being seen by more people in the household, and consumer catalog businesses are welcoming a significant increase in response, with many struggling to meet demand, writes Stephen Lett in Total Retail. Lett believes this favored status for catalogs and direct mail is likely to continue long after our current pandemic lifestyle is lifted. “Consumers are likely not to rush back to bars, restaurants, retail stores, etc., even when there’s a medically accepted vaccine. Many will remain cautious, adopting a wait-and-see attitude,” he writes. “Others will be set in new ways of functioning. They have adapted to a new and safer or more cautious way of living their everyday lives. The transition back to pre-COVID ways of doing things won’t be like flipping a light switch.”
Under Armour has joined a growing list of major consumer brands that are making big changes to their wholesale strategies. The athletic brand, which saw some progress in its turnaround during the third quarter, said it will begin to exit 2,000 to 3,000 stores in North America, its largest market. By the end of 2022, it expects to be in about 10,000 doors, executives said in a conference call. As it overhauls wholesale, Under Armour is also upping its focus on direct-to-consumer (D-to-C) channels, where it plans to offer fewer promotions and discounts to fuel healthier margins. Total Retail's Take: Considering the upheaval we've seen in the brick-and-mortar arena in 2020, and its uncertain future moving into 2021, it's not surprising that leading brands such as Under Armour are taking a long, hard look at their wholesale operations.
Revenues increased 2% as growth in both recurring and transactions revenues was partly offset by a decline in Global Print revenues and a negative impact from foreign currency that reduced revenues by $6 million (approximately 1%). *As expected, organic revenues increased 2%, driven by 4% growth in both recurring revenues, which comprised 80% of total revenues, and transactions revenues. *The company’s “Big 3” segments (Legal Professionals, Corporates and Tax & Accounting Professionals), which collectively comprised 79% of total revenues, reported organic revenue growth of 5%. Operating profit increased primarily due to lower costs and higher revenues. Lower costs reflected the completion of the repositioning of the company in 2019 following the separation from the Financial & Risk (F&R) business and lower expenses from the company’s COVID-19-related efforts to mitigate 2020 annual costs by $100 million. Lower costs were partly offset by higher depreciation and amortization and a lower benefit from the revaluation of warrants that the company holds in Refinitiv relating to the proposed sale of Refinitiv to London Stock Exchange Group plc (LSEG), which is discussed later in this news release.