The move to increase the minimum wage gained significant ground in 2020 on the state level. Twenty-five states will raise the minimum wage in 2021, with 21 of those states enacting the increases on January 1, according to payroll experts at Wolters Kluwer Legal & Regulatory U.S. The firm noted that some of the hikes in states such as California, Colorado, Maine, Washington are the result of previously approved incremental increases to reach a specific amount that is considered to be a "living wage." Other states' increases reflect an annual cost-of-living adjustment, which accounts for the changes in states like Alaska, Florida, Minnesota, and Montana.
JCPenney’s new ownership group, consisting of Simon Property Group and Brookfield Asset Management, along with strategic partner Authentic Brands Group, have launched a search for a Chief Executive Officer to replace Jill Soltau, who will be exiting the company effective December 31, 2020. The search will seek to identify a leader that is focused on modern retail, the consumer experience, and the goal of creating a sustainable and enduring JCPenney. With a successful track record of turning around retailers and brands and restoring them to profitability, JCPenney’s new ownership group will establish a temporary office of the CEO to include key members of JCPenney’s current leadership team. Stanley Shashoua, Simon Property Group’s Chief Investment Officer, will be appointed interim CEO effective January 1, 2021.
Diversified Labeling Solutions is expanding its Auto ID product offering to include RAIN RFID labels. RFID (Radio Frequency Identification) labels utilize an embedded UHF inlay to transmit data via radio waves to an RFID encoder. They are used in a wide variety of industries including supply chain and distribution, retail, consumer goods and healthcare to increase speed and accuracy of data collection. RAIN RFID is a global alliance promoting the universal adoption of UHF RFID technology. DLS has long been a leading supplier of Auto ID labels, including traditional 1D and 2D barcodes. Adding RAIN RFID labels to their portfolio allows distributors to provide comprehensive Auto ID and smart label solutions to their customers. With access to a huge array of inlays and face sheet materials, DLS can support almost any RFID label construction for stock or custom-printed RFID labels. DLS will also serve as the genuine OEM supplier for TSC Printronix Auto ID labels.
The number of new print magazines launched in the US dropped by more than half in 2020 to 60, compared to 139 a year earlier. But in a surprise move, the pace of new launches accelerated in the second half of the year with food, home and fitness titles proving the most popular. The data comes from Professor Samir Husni, founder of the University of Mississippi’s Magazine Innovation Center at the School of Journalism and New Media, who bills himself as “Mr. Magazine,” and has been tracking the number of new US magazine launches since 1978.
Thomson Reuters Corporation announced that it has received approval from the Toronto Stock Exchange for the annual renewal of its normal course issuer bid. Under the renewed NCIB, up to 5 million common shares (which represents approximately 1% of Thomson Reuters issued and outstanding common shares) may be repurchased between January 4, 2021 and January 3, 2022. Thomson Reuters has set a target to maintain approximately 500 million common shares outstanding by using share repurchases to offset dilution associated with its dividend reinvestment and equity incentive plans. On December 24, 2020, there were 497,117,528 Thomson Reuters common shares outstanding. For its NCIB that began on August 19, 2019 and expired on August 18, 2020, Thomson Reuters previously received approval from the TSX to repurchase up to 25 million common shares. Of this amount, Thomson Reuters repurchased approximately 6.9 million common shares for a total cost of approximately US$500 million, representing an average price of US$72.61 per share.
In the last full shopping week before Christmas, unit sales of print books rose 5.2% over the week ended December 12 at outlets that report to NPD BookScan. But unlike many weeks in 2020, unit sales fell compared to 2019, with unit sales down 3.5% from the week ended December 21, 2019. The adult segments led the gain over the week ended December 12. Unit sales of adult nonfiction increased 10.3% over the prior week as Barack Obama’s A Promised Land remained the top-seller, selling more than 327,000 copies. Since its release November 17, the memoir has been the #1 selling book in the country every week and has sold over 2,254,000 copies at outlets that report to BookScan.
The Navigator Company announced today that it will increase paper prices in Europe from 4% to 6%, setting a minimum of 30 euros net per tonne. This increase will be effective for all dispatches from 1st February, and the Company will inform shortly about the details of the new prices to be applied by grade. This decision was taken due to unsustainable low levels of profitability across the industry in Europe and following the recent announcements of worldwide increases in pulp and logistics costs.
Total European shipments of graphic papers in October 2020 were down 18.7% vs. October 2019 and are down 19.9% year-to-date. Total European shipments of newsprint in October 2020 were down 21.6% vs. October 2019 and are down 18.7% year-to-date. Total European shipments of sc-magazine in October 2020 were down 16.5% vs. October 2019 and are down 18.8% year-to-date. Total European shipments of coated mechanical reels in October 2020 were down 24.0% vs. October 2019 and are down 27.2% year-to-date. Total European shipments of uncoated mechanical (improved & others) in October 2020 were down 5.0% vs. October 2019 and are down 8.5% year-to-date. Total European shipments of coated woodfree in October 2020 were down 27.1% vs. October 2019 and are down 26.5% year-to-date. Total European shipments of uncoated woodfree in October 2020 were down 10.3% vs. October 2019 and are down 14.3% year-to-date.
Tronox Holdings plc, the world’s leading integrated manufacturer of titanium dioxide pigment, announced that its Board of Directors appointed John D. Romano, Executive Vice President, Chief Commercial and Strategy Officer, and Jean-François Turgeon, Executive Vice President and Chief Operating Officer, as co-Chief Executive Officers on an interim basis, effective immediately. In addition, Ilan Kaufthal, Lead Independent Director, has been elected Chairman of the Board on an interim basis, effective immediately. Chairman and Chief Executive Officer Jeffry N. Quinn will take a leave of absence, effective immediately. On December 24, 2020, Mr. Quinn alerted the Board that he had been referenced as an unnamed individual in a Securities and Exchange Commission civil complaint and related criminal complaint regarding alleged insider trading by the defendant named in the complaints in the shares of Ferro Corporation in February and March of 2016.
Please be advised that Catalyst Paper will be implementing a two-step price increase on its Machine Finished papers sold in the United States. For shipments on or after February 1, 2021, the US transaction price for the following grades from Catalyst Paper will be increasing by $25.00/Metric Tonne. The second step increase of $25.00/Metric Tonne will be applied to shipments on or after March 1, 2021. This includes all basis weights, finishes and brightnesses of Electrabrite, Electrabrite Book and Electrastar.
UPM and the US-based pulp and paper producer Domtar Paper Company LLC have signed an agreement for UPM to acquire the total annual kraft lignin production of Domtar’s Plymouth Mill in North Carolina, USA as of January 2021. This step enables UPM to expand its role in the growing lignin business and different application segments. Following the agreement, UPM will increase its supply of kraft lignin by more than 20.000 metric tonnes annually. Part of the supply will be used to complement the existing UPM BioPivaTM product family. UPM lignin products will be sold globally through UPM’s sales network and are supported by strong technical expertise. “We are very pleased to have agreed this new supply agreement with Domtar. It enables us to expand our lignin business in the growing biochemicals market before the start-up of our Biorefinery in Leuna, Germany,” says Juuso Konttinen, Vice President, UPM Biochemicals.
Our customers want to feel good about shopping at Walmart, and they count on us to deliver access to products that are safe, healthier and affordable in a way that is sustainable. For more than 15 years, we’ve been collaborating with others to drive positive impact across global supply chains. We’re on a path to becoming a more regenerative company that works to restore, renew and replenish, in addition to conserving nature. Part of meeting that goal is found in how we treat the world’s forests. Healthy forests help sustain biodiversity, support livelihoods and play an important role in combatting climate change by naturally sequestering carbon dioxide. But deforestation continues to occur at an alarming rate. According to the World Resources Institute, we lost the equivalent of a soccer field of primary rainforest every six seconds in 2019. That’s why we continue to take a holistic approach to addressing deforestation – from certification and monitoring to sustainable sourcing, advocacy and more. Walmart is focused on key commodities that, according to the World Economic Forum, drive deforestation in tropical forests: palm oil, pulp and paper, timber, beef and soy. click read more below for the rest of the story
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 3.7% in November after falling 5% in October. In November, the index equaled 112.2 (2015=100) compared with 108.3 in October. “The 2020 seesaw pattern continued in November as typical seasonality is not holding this year,” said ATA Chief Economist Bob Costello. “It was a nice gain, but the rebound was not enough to make up for October’s drop. Robust retail freight, helped by consumer spending, especially e-commerce, and very lean inventories helped truck tonnage last month. Strong single-family housing starts are also aiding freight tonnage, but lackluster restaurant, manufacturing and energy sectors remain a drag. I expect these softer industries to benefit from widespread COVID-19 vaccinations in 2021.” October’s decrease was revised up to 5% from our November 24 press release.
Sun Chemical’s SunTronic® IME inks are approved for production use in IMSE parts after passing the demanding materials testing program from TactoTek®, a Finland-based company that develops, industrializes and licenses in-mold structural electronics (IMSE™) technology. IMSE parts integrate printed electronics and electronic components within 3D injection molded plastics. They combine structure, electronic functions, and aesthetics in single piece, seamless smart surfaces. In IMSE parts, printed electronics can create many features, including circuitry, capacitive touch controls, proximity sensors and antennas. IMSE parts rely on printed silver-based conductive inks and dielectrics to enable multiple layers of printed electronics. “TactoTek is committed to delivering IMSE technology that is predictable, reliably mass produced and performs well through a lifetime of use,” said Paavo Niskala, SVP Advanced Engineering at TactoTek. “IMSE combines diverse materials into a single integrated materials stack, so those materials must be chemically compatible and maintain their electrical integrity through IMSE processing, including thermoforming and injection molding.
The Appalachian Woodlands Alliance has won the 2020 Forest Stewardship Council (FSC) Leadership Award. for its work to expand forest certification opportunities for small landowners. Domtar is a proud partner in the Appalachian Woodlands Alliance (AWA), joining the Rainforest Alliance and other forest products manufacturers in supporting small, private landowners in the Southeastern United States who manage healthy and productive forests. This leadership award recognizes uncommon excellence in advancing responsible forest management and forest conservation. Domtar and the AWA are proud to stand alongside landowners, retailers, manufacturers, organizations and others who promote responsible sourcing and forest certification, both of which help protect the natural resources that are vital to our industry.
E-commerce has forever changed the way people shop, and now recycled containerboard will change the way products are delivered. While online shopping is always popular during the holiday season, it has increased even more this year, amidst the COVID-19 pandemic. With millions opting to avoid in-person shopping, research firm Forrester expects that online retail sales will grow 24 percent in the United States this holiday season, compared to a year ago. At the same time, shoppers are seeking responsibly packaged products. A report on 2020 U.S. packaging preferences from Two Sides North America Inc. showed consumers prefer paper-based packaging for its environmental attributes, such as recyclability and composability, as well as practical factors like ease of storage. The report also found that consumers are willing to pay more for a sustainably packaged product and will deliberately avoid those that aren’t. click read more below for the rest of the story
Even before work became WFH and social interaction turned completely digital, people have been longing for tangible elements in our hyper online landscape. Now, the search for sensory engagement beyond what our screens can offer is even more meaningful. And that could mean now is the right time to focus on print in your brand strategy. “Engaging sensory experiences have become even more meaningful during this time of uncertainty,” writes Cecile Jordan in Beyond Definition. “Think about how refreshing it is to take a walk outside. Or open a piece of mail. Not an email or another utility bill. I mean actual snail mail perhaps from a friend or maybe a magazine.” Jordan echoes what many brands are finding; that direct mail and printed marketing is more welcome — and more successful — when our audiences are digitally maxed out.
How do you build strong brand relationships with consumers in an increasingly complex e-commerce landscape? That is the topic for the first of a series of digital events where we invite you to join us as we explore the latest culture and technology trends together with leading brand owners and industry experts. Starting on January 20, 2021, Iggesund Paperboard launches Unbox, a new series of digital events designed to explore the challenges and opportunities brands face today and in the future. The first Unbox focuses on changes in consumer behaviour and how brands can create engaging experiences through digital channels. And how this puts new demands for purposeful packaging solutions. register at: https://www.iggesund.com/inspiration/unbox-digital-event-series/unbox/?utm_medium=email&_hsmi=103951613&_hsenc=p2ANqtz-8rq0cI_Jz8faKcCJholUOjn4M7F784cPJSFROiiMandNA5_Tdf9FENfHQ__Smkat4G4Em2erzcJkXvqfylPXj84WIVBZfYXWELcjA1JtmzAiXaVmA&utm_content=103951613&utm_source=hs_email
Facebook says more than 5,700 publishers began using or rejoined its Instant Articles feature this year. That includes Reuters, Salon and The Daily Dot. The top 100 publishers in the U.S. and Canada using Instant Articles experienced RPM (revenue per thousand article reads) growth of 48% year over year. Globally, the top 500 publishers saw RPM growth of 27% year over year.
Meredith Corporation's EatingWell, the ultimate source for people passionate about food and wellness, announces that its December issue advertising revenue is up 38% from last year, with its total fourth quarter 2020 print advertising revenue up 10% year-over-year. The EatingWell website posted a 26% increase in unique visitors between November 2019 and November 2020 to 4.4 million from 3.5 million,* and its total followers across its social channels has increased by 16% year over year as of November, led by a follower increase of 85% on Instagram. Tiffany Ehasz, Publisher of EatingWell said, "As we reach the finale of EatingWell's 30th year, this trusted brand is more relevant than ever. It's exciting to see how our content is resonating with consumers as they seek out recipes and information in areas we know so well—food, wellness, sustainability, giving back and beyond—particularly during these times. In fact, according to a recent Meredith Data Studio survey, seven in ten women were motivated to improve the way they eat during the pandemic. Lastly, I'd like to send a big thank you to our advertising partners. I'm very grateful to everyone who has supported us this past year and looking forward to a fruitful 2021."
Packaging leader Smurfit Kappa has launched a new company called Recycling Dual GmbH to help German manufacturers and retail businesses reduce costs and improve their sustainability efforts, in line with updated legislation. Recycling Dual offers an innovative and integrated holistic solution to track the entire life cycle of paper, cardboard and carton packaging. The unique solution highlights duplication which can be removed from the supply chain and reduce costs. For the first time Recycling Dual guarantees to close the full loop for paper-based packaging for its customers. The service provides them with a holistic solution to ensure packaging from their products is recycled through a nationwide collection system. From 2021, Recycling Dual will be the only company in the market with the ability to track the life cycle of paper, cardboard and carton packaging from production through to being recycled.
Clearwater Paper Corporation announced a preliminary update to the company’s previous outlook for fourth quarter 2020 Adjusted EBITDA of $52 to $62 million. Due to significantly greater than expected demand in tissue, strong operating performance, and favorable cost trends, the company now expects Adjusted EBITDA for the fourth quarter of 2020 to be in the range of $71 to $76 million. “Demand for tissue products increased significantly in November through mid-December. We believe that the recent increase in COVID-19 cases caused a temporary change in consumer buying patterns, which are starting to normalize in later December,” said Arsen Kitch, president and chief executive officer. “We now expect our fourth quarter volumes to be above our previous guidance, with shipments exceeding those experienced in the fourth quarter of 2019,” Kitch concluded.
The owner of the Androscoggin Mill announced Wednesday that it will not rebuild a wood pulp digester that exploded April 15 and will permanently shut down one paper machine idled by the blast. Alan Ulman, spokesman for Pixelle Specialty Solutions based in Pennsylvania, said the decision is part of its long-term strategy to continue manufacturing specialty papers on its other two machines and utilizing more than 250 full-time employees. About 177 jobs have been eliminated at the mill since the explosion, which halted manufacturing for eight days and initiated months of recovery and strategic planning to ensure the mill would operate successfully and competitively. The mill will continue using pulp sourced from other mills, including Maine-based facilities.
Quad/Graphics Inc. will close three more commercial printing plants — none of which are in Wisconsin — idling 650 employees. The Sussex-based company on Thursday cited “volume declines” for closing the plants in Oklahoma City; Nashville, Tennessee; and Fernley, Nevada. The company attributed the decreased volumes in part to “an already challenging retail environment” that has been exacerbated by the Covid-19 pandemic.
Guitar Center expects to emerge from Chapter 11 bankruptcy by Dec. 31 after recently winning approval in federal bankruptcy court for its reorganization plan, the company said in a press release. According to the musical instrument retailer, the plan allows it to shed more than $800 million in debt. At the same time, Guitar Center has raised $350 million in new secured notes and expects to have a new asset-based facility worth up to $375 million, as well as $165 million in new equity investments.
Patagonia’s used clothing program is beginning to take off. The company has been gradually building out its own resale platform, Worn Wear. Now, the four-year-old service, which allows customers to sell their own Patagonia items and buy authenticated used ones, is having a “record year” in sales, according to the company. Worn Wear has also seen “record sales months” for its up-cycled collection, called ReCrafted, which launched in November 2019, according to the company. It’s been quite the year for used and second hand marketplaces. Resale platforms — including Poshmark, ThredUP and Mercari — reported major uptick in growth. But Patagonia opted to build its own service to be able to buy back inventory, authenticate and resell it to enthusiastic customers.
Responsible Wood, our national member for Australia, has welcomed an announcement by Woolworths, one of the country’s main supermarkets, that it will be stocking PEFC-certified paper bags. The move comes ahead of a progressive roll-out of Australian-made paper bags over the next 12 months. Woolworths paper shopping bags were first launched in June 2020 in response to customer demand for a paper carry bag option. “Whilst almost all customers are now bringing their own reusable bags, we know unplanned shops will present a challenge from time to time,” said Natalie Davis, Managing Director of Woolworths Supermarkets. “Earlier this year we introduced the option of a paper bag, which can be recycled at home, and the feedback from customers has been positive.”
Novolex®, an industry leader in packaging choice, innovation and sustainability, announced it has acquired the business of B&H Bag Company, a leading manufacturer of paper bags and other products. The B&H business will be a part of the Novolex Duro Bag® business, strengthening Duro‘s customer service through increased production capacity. The family-owned company has one manufacturing plant, located outside of Houston, Texas. “We are pleased to welcome the B&H team into the Novolex family,” said Stan Bikulege, Chairman and CEO of Novolex. “B&H brings a strong line of products and a tradition of customer service excellence that we are proud to add to our organization. The talented and dedicated B&H team will be a great addition to our Duro Bag business.”
Sappi Limited wishes to congratulate Mr Valli Moosa for his appointment by President Cyril Ramaphosa as deputy-chair and member of the inaugural Presidential Climate Change Coordinating Commission for South Africa. The Commission is chaired by the President. The mandate of the commission is to advise on and facilitate a common understanding of a just transition towards a low-carbon, inclusive, climate change resilient economy and society, including matters of adaptation, mitigation as well as means of implementation. The commission comprises representatives from government departments and state entities, business organisations, labour, academia, civil society, research institutions and traditional leadership. Mr Moosa is the lead independent director of the Sappi Limited Board and serves as chair of the Social, Ethics, Transformation and Sustainability Committee of the Board.
WHAT'S NEW? WHAT'S NOW? WHAT'S NEXT? As we approach a new year, these are the questions marketers should be asking. The world has been flipped upside-down and it’s critical that you question everything. Join the FWD forum as three industry partners provide answers, case-studies and a clear blueprint as you begin creating your own way FWD. Who should attend? Anyone involved with print, data & analytics and digital marketing are guaranteed to take away actionable items. Don’t miss this opportunity to create sustainable growth! January 27, 2021 10:00 AM - 12:30 PM Pacific Register at: https://zoom.us/webinar/register/WN_c0Y_HYBLQ-q5zDvRTo88Lg
Dear Industry Member: Hopefully, you attended ACMA’s Postal Nightmare web event this week (though if you did not, I encourage you to click here to view the replay) and you better understand the grave implications of the PRC’s recent Order on the 10-Year Review. Our discussion clearly illustrated the challenges all users of the mail are experiencing right now. We also laid out the concrete steps we can take to forestall, ameliorate, reduce or manage the steep climb of mailing costs we are facing. This truly needs a widespread industry response now; otherwise, 2021 will surely begin the death spiral for mail. It is stunning that officials in Washington have demonstrated such disregard for the realities of our operating businesses, seeking only more money from business mailers to sop up the rapidly-expanding costs for the benefit of the nation. view the replay at: https://www.youtube.com/watch?v=UhCCZ6muo3M . Click Read More for additional key information
A new scientific report is in, affirming what most teachers can probably already tell you: Print is vital for effective education. “The argument that reading on paper results in deeper comprehension and retention, concentration, vocabulary building and memory has been given immense weight by a groundbreaking new study,” notes this article from Two Sides NA. “The research examined the results of 54 studies with a total of over 170,000 participants from 19 countries,” the article continues, “and found overwhelming evidence that comprehension of text is much stronger when reading from paper as opposed to a screen, particularly when the reader is under time pressure.” We’ve shared previous research on this topic — studies have shown that reading on paper is better for comprehension and overall learning — but there was a new twist to this study, named E-READ. The four-year study aimed to discover if students learning from digital devices progressed as rapidly as those learning by reading on paper. The results are clear. “Students learning from digital devices only progressed one third as much as they would have done had they been reading on paper,” the article notes.
The use of face masks during the recent pandemic has justifiably grown to hundreds of millions worldwide. However, masks can easily end up littering public places or natural sites. Metsä Board, the leading European producer of premium fresh fibre paperboards and part of Metsä Group, partnered up with a packaging design agency Futupack and corrugated board converter Capertum to manufacture a corrugated mask bin for the specific disposal of face masks. The design of the bins paid special attention to the materials used to produce the bin and the usability and disposability of the bin. Futupack is a Finnish company that designs and implements sustainable packaging solutions. “We wanted the mask bin to be as aesthetic as possible so that it could be placed easily into any indoor environment. The mask bin is delivered flat, and can be quickly assembled. In addition, full instructions on assembly for the consumers are printed on to the bin itself. When the mask bin is full, it is easy to close the lid, and the entire bin can be safely and hygienically disposed of with the incinerated waste,” says Jani Mäkipää, Lead Packaging Engineer at Futupack.
Resolute Forest Products Inc. announced that Hugues Simon will join the company and be appointed as president of the wood products division as of March 1, 2021. His term will begin as of the date on which Remi G. Lalonde, currently Resolute's chief financial officer, assumes the position of president and chief executive officer. Mr. Simon will report to Mr. Lalonde. Mr. Simon, a native of Quebec, most recently served as president, BarretteWood, Inc., a producer of value-added wood products with operations in Canada and the United States. Previously, Mr. Simon worked for Resolute and its predecessor companies for seven years in corporate and division-based functions. Earlier in his career, he worked for a number of other forest products companies. Mr. Simon is a graduate of Sherbrooke University and is a certified public accountant.
With gains across all categories, unit sales of print books rose 16.9% last week over the week ended December 5. Adult nonfiction and juvenile nonfiction led the way with increases of 19.7% and 19.5%, respectively. Barack Obama’s A Promised Land remained the top seller in the week, selling nearly 325,000 copies at outlets that report to NPD BookScan. Two newly released titles also contributed to the increase in adult nonfiction sales—Bag Man by Rachel Maddow sold over 46,000 copies and The Last Days of John Lennon by James Patterson sold more than 36,000 copies.
“ The pulp demand is strong on all markets”, says Henning Ellström, VP Sales and Marketing Pulp. “The price development in Europe has been lagging compared to that in North America and Asia. We want to reduce the gap between Europe and other markets.” The new price on bleached softwood kraft pulp is valid from January 1, 2021.
Sonoco-Alcore S.a.r.l. announced it will raise prices for paper-based tubes and cores by 7%. The increases will be applied individually and depending on product category, effective from shipments beginning on 18th, January 2021. “These adjustments are critical to manage continued increases in cost across the business. To date, we have absorbed these costs by further manufacturing footprint optimisation and supply chain activities, but with continued inflation, we must now pass this on to our customers. To secure materials, we must act quickly so we can maintain the strong supply chain our customers need and value from Sonoco,” said Karsten Kemmerling, Director of Sales and Marketing – Tubes and Cores, Europe.
R.R. Donnelley & Sons Company issued the following statement in response to a recent Bloomberg article regarding the potential sale of its Asia Pacific business. “While the Company’s practice is to not comment on speculation or market rumors, RRD clarified today that the Company is not currently engaged in discussions to sell its printing and packaging business in Asia Pacific. As management has previously stated, the Company is focused on its strategy to advance RRD as a leading provider of marketing and business communications and remains focused on executing its long-term strategic priorities - including strengthening its core business, driving revenue performance and improving its balance sheet. As part of this long-term strategy, RRD continuously reviews its business portfolio and periodically explores opportunities to sell portions of its business to increase stockholder value. At this time, RRD continues to actively invest for growth in its Asia Pacific business. In addition, the Company may consider one or more strategic transactions for any of its businesses in the future.”
Mondi has launched a new paper EcoWicketBag for Drylock Technologies’ baby diaper ranges, bringing sustainable paper-based packaging to the hygiene market globally. The global hygiene products manufacturer approached Mondi to create a more sustainable alternative to its existing plastic diaper packaging that would travel well, have strong shelf-appeal, and protect the product - while also using renewable resources and significantly reducing its CO2 footprint. “We approached Mondi because of their expertise in paper packaging and their extensive knowledge of the global hygiene market. Consumers are looking for more sustainable packaging that is kinder to the planet without compromising on the integrity of the product. With the EcoWicketBag, consumers can be confident of product quality and packaging sustainability,” said Werner Van Ingelgem, R&D director at Drylock Technologies.
As part of its forest land optimisation, Stora Enso has signed an agreement to divest forest assets located in southern Sweden to the forestry fund Silvestica Green Forest AB. The total area of forest land in the transaction is approximately 5 200 hectares. The selling price is approximately SEK 940 million (EUR 90 million). The transaction is in line with Stora Enso’s policy of divesting non-core assets. The forest areas are located geographically far away from Stora Enso’s other forest lands, which limits the scale benefits. The forest land divestment has no impact on Stora Enso’s nearby Hylte Mill, which uses other wood supply sources for its production. The forest land corresponds to less than 0.5% of Stora Enso’s total forest land area in Sweden.
The Navigator Company recently inaugurated a new biomass boiler at its Figueira daFoz industrial complex, in an overall investment totalling €55 million. This investment will allow the company to cut its fossil carbon dioxide emissions at this complex by around 150,000 to 200,000 tonnes per year, or 30% of the group’s emissions, in 2021. This investment is part of the decarbonization strategy of the company, who decided in 2019 to meet European targets early and achieve carbon neutrality at all of its industrial complexes by 2035, achieving an 86% reduction in its CO2 emissions by this date. Note that Navigator was the first Portuguese company, and one of the first worldwide, to set such an ambitious goal. Achieving this goal will require a total investment of €154 million, €55 million (around 35%) of which has already been invested to date since Navigator took on the commitment.
National Average Price for Regular Unleaded Current: $2.210; Month Ago: $2.120; Year Ago: $2.550. National Average Price for Diesel Current: $2.504; Month Ago: $2.390; Year Ago: $2.994.
American Dollar to Canadian Dollar = 0.784280; American Dollar to Chinese Yuan = 0.152912; American Dollar to Euro = 1.225195; American Dollar to Japanese Yen = 0.009681; American Dollar to Mexican Peso = 0.050508.
Berry Global Group, Inc. announced its agreement with its longtime supplier, Repsol, to supply circular resins. Spanish multi-energy global company Repsol will supply Berry with ISCC Plus certified circular polyolefins from its Repsol Reciclex® range. These polyolefins are obtained by advanced recycling, enabled by the adoption of new chemical recycling technologies, of post-consumer plastic waste not suitable for traditional recycling. As a result of the agreement, Berry will procure food-grade polypropylene for food and healthcare packaging. Berry will initially use the materials in manufacturing at its European packaging facilities. Repsol has certified all its petrochemical complexes to produce circular polyolefins under the ISCC PLUS certification. This certification guarantees the traceability of the plastic waste used at the source. At the same time, Repsol, applies the latest and innovative technology to ensure that the circular polyolefins have the same quality and functionality as virgin polyolefins
Toundra Greenhouse, an innovative cucumber-growing greenhouse complex in which Resolute holds a 49% interest, is expanding once again. On December 9, 2020, the organization announced its third expansion since its inauguration in 2016. The new $50-million plan brings the total invested in the joint venture’s three phases to $175 million. Located on land adjacent to Resolute’s Saint-Félicien (Quebec) pulp mill, the complex operates using state-of-the-art growing technology and sustainable practices, such as collecting rain and snow for plant watering, and offering polysterene-free packaging for its products. Toundra Greenhouse cucumbers can be found on dinner tables across Quebec. In under five years, Toundra Greenhouse has become a major player in the province’s greenhouse industry. A second development phase began just last month, and construction on the third phase is expected to begin in November 2021. The third expansion phase will increase the facility’s total annual production area to 28 hectares, and allow for the cultivation of new products. The expansion is expected to add 55 new jobs to its workforce of 180 employees.
Gannett Co., Inc. announced that from the beginning of the fourth quarter through the end of this week, the Company will have repaid approximately $647 million of its 11.5% term loan, reducing the outstanding balance to $1.082 billion. The sources of funds for the $647 million of repayment are: $497 million of proceeds from the Company’s issuance of 6% senior secured convertible notes due 2027; Approximately $135 million of real estate and other non-core asset sales; and Approximately $15 million of excess cash sweeps. “We are pleased to be closing the year having made significant progress to improve our capital structure. The actions we have taken to date have lowered our interest payments by $45 million annually. Our asset sales have accelerated our debt repayment expectations and have increased our confidence in our ability to refinance the remaining term loan during the first half of 2021,” said Michael Reed, Gannett Chairman and Chief Executive Officer. “Additionally, revenue trends have continued to improve, which we expect will drive strong fourth quarter results and set us up to start the year with strong momentum. Our real estate sales pipeline and amortization payments are expected to further reduce debt by approximately $100 million by early 2021.”
We are pleased to announce the release of our annual sustainability report, detailing our updated sustainability strategy including Science Based Targets, achievements, and alignment to the UN Sustainable Development Goals. The ‘Innovation with Purpose’ report can be viewed here and illustrates how we have made significant progress across our sustainability programme. Initiatives rolled-out over the last year include new and improved Environmental Calculator technology, our first Carbon Disclosure Project (CDP) submission and various sustainable solutions delivered via our ecosystem of suppliers. Robert MacMillan, HH Global CEO, said: “I’m proud of the progress we have made over the last year through our Innovation with Purpose programme. Following our strategic acquisition of InnerWorkings, our business now purchases more materials on behalf of the world’s leading brands than ever before, and we have a responsibility to ensure our clients understand how and where we can help.”
Bookstore sales fell 27.8% in October compared to 2019, according to preliminary estimates released by the U.S. Census Bureau. Sales were $446 million, down from $618 million in October 2019. The October decline was nearly identical to the drop reported in September, when bookstore sales fell 27.7% compared to the previous year—suggesting that, for the moment, bookstore sales appeared to have stabilized, albeit at a rate far below normal levels.
The Association of American Publishers released its StatShot report for October 2020 reflecting reported revenue for all tracked categories, including Trade (Consumer Books), K-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses. Total revenues across all categories for October 2020 were up 7.3% as compared to October 2019, coming in at $1.2 billion. Year-to-date sales were down 1.0% as compared to the first ten months of 2019, with a total of $12.4 billion. Trade (Consumer Books) sales were up 2.4% year-over-year, coming in at $960.6 million. Year-to-date (January-October 2020) Trade sales were up 6.9% as compared to the same period last year, coming in at $6.9 billion. In terms of physical paper format revenues during the month of October, in the Trade (Consumer Books) category, Hardback revenues were down 1.8%, coming in at $456.8 million; Paperbacks were down 0.7%, with $246.3 million in revenue; Mass Market was down 2.7% to $19.8 million; and Board Books were up 19.7%, with $27.0 million in revenue.
The annualized turnover rate at both large and small truckload carriers rose by double digit percentage points in the third quarter as the industry began bouncing back from a COVID-19 induced slump. “After a calamitous second quarter, trucking – along with the rest of the economy – began recovering in the third quarter, leading to a tightening of the driver market,” said American Trucking Associations Chief Economist Bob Costello. “With a more robust freight market, we saw an increase in carriers seeking drivers, which led to increased turnover. Additionally, the driver pool has decreased this year for a host of reasons, including fewer new drivers coming into the industry as truck driver training schools train less drivers due to social distancing requirements.” In the third quarter, the turnover rate at truckload carriers with more than $30 million in annual revenue rose 10 percentage points to 92% on an annualized basis. The rate at smaller truckload carriers rose 14 points to 74%. Despite the increases, the 2020 average turnover rate is still running behind 2019.
Sealed Air Corporation announced its participation in the United Nations World Food Programme (WFP)’s Innovation Accelerator, an initiative that convenes the brightest minds in science and technology to develop and scale high-potential solutions for ending hunger worldwide. Sealed Air has partnered with World Food Program USA since 2017 in support of its mandate to reach zero hunger and respond to critical needs caused by the COVID-19 pandemic. Through relentless innovation, Sealed Air is developing the next generation of sustainable packaging solutions to address some of society’s most pressing challenges including food safety, eliminating waste, and reducing greenhouse gas emissions. “We’re on a mission to leave the world better than we found it,” said Steve Garland, Sealed Air’s Chief Innovation Officer. “Now more than ever, collaboration is needed to help communities around the world fight hunger. We value the opportunity to contribute Sealed Air’s expertise in science, engineering, research, and development and technological innovation to the World Food Programme.”
Packaging leader Smurfit Kappa has launched a new company called Recycling Dual GmbH to help German manufacturers and retail businesses reduce costs and improve their sustainability efforts, in line with updated legislation. Recycling Dual offers an innovative and integrated holistic solution to track the entire life cycle of paper, cardboard and carton packaging. The unique solution highlights duplication which can be removed from the supply chain and reduce costs. For the first time Recycling Dual guarantees to close the full loop for paper-based packaging for its customers. The service provides them with a holistic solution to ensure packaging from their products is recycled through a nationwide collection system. From 2021, Recycling Dual will be the only company in the market with the ability to track the life cycle of paper, cardboard and carton packaging from production through to being recycled. The company was set up in response to a federal law which was enacted last year requiring stricter recycling requirements for all manufacturers and retailers who use consumer packaging as part of their supply chain, especially for e-commerce companies with e-commerce packaging. The law requires businesses to buy licences for the packaging they use, and with costs expected to increase by up to 30% in 2021, this has led to a greater responsibility being placed on businesses to increase their recycling rates. Additionally, failure to comply can result in significant fines.
According to the report, total printing-writing paper shipments decreased 24 percent in November compared to November 2019. U.S. purchases of total printing-writing papers decreased 16 percent in November compared to the same month last year. Total printing-writing paper inventory levels increased one percent when compared to October 2020. Uncoated free sheet (UFS) paper shipments decreased 17 percent compared to November 2019 while the inventory level increased one percent compared to October 2020. UFS imports and exports both decreased compared to October 2019, down 12 percent and 40 percent, respectively. U.S. purchases of coated free sheet (CFS) papers in November decreased 23 percent compared to last November while the inventory level increased three percent compared to October 2020. CFS imports and exports both decreased compared to October 2019, down 42 percent and 18 percent, respectively. Coated mechanical (CM) paper shipments decreased 37 percent compared to November 2019 while the inventory level decreased three percent compared to October 2020. CM imports and exports both decreased compared to October 2019, down 35 percent and 43 percent, respectively. U.S. purchases of uncoated mechanical (UM) papers in November decreased 13 percent compared to last November while the inventory level increased two percent compared to October 2020. UM imports and exports both decreased compared to October 2019, down 14 percent and 44 percent, respectively.
Crown Van Gelder is pleased to announce we will begin production of our enhanced 3rd generation inkjet papers on February 1, 2021 for the following grades: - Crown Letsgo Universal - Crown Letsgo Matte - Crown Letsgo Silk and Bright Silk, ColorPRO branded version. This switch brings several advantages for pigment inks: 1. First and foremost it brings visible and measurable quality improvements in the print result of presses operating with pigment inks; 2. You can reduce total cost of print, because you will reach the same colors with less ink.
The Sustainable Green Printing Partnership (SGP), the leading authority in sustainable printing certifications, announced today, announced today that Shutterfly, Inc. has joined the SGP community by certifying its first facility in Fort Mill, South Carolina. Shutterfly, the leading digital retailer and manufacturing platform for photography and personalized products, plans to continue to certify more of its print locations in the near future. “As a leading manufacturer, we are deeply committed to responsible production in all of our facilities, focusing on reducing our overall footprint while helping make our customers’ life’s experiences unforgettable,” said Dwayne Black, Shutterfly Inc. senior vice president and chief operations officer. “I’m extremely proud of our dedicated teams at Fort Mill who are leading the toward progress on our sustainability goals with SGP third party certification.” As the largest of Shutterfly’s manufacturing facilities, Fort Mill was the logical starting place for SGP certification. The company has consistent sustainability practices throughout its fleet and plans to secure further third-party certification with SGP in additional sites.
McGraw Hill announced that it has entered into a transaction support agreement to address its near-term debt maturities. The contemplated transaction will extend all material debt maturities through late 2024. “Following a strong performance in the critically important back-to-school period, we are pleased to announce a comprehensive refinancing that addresses all near-term debt maturities”, said Garet Guthrie, Executive Vice President and Chief Financial Officer. ”The comprehensive refinancing is underpinned by the confidence that lenders and investors have in our business and will allow us to continue to execute on our digital growth strategy and to unlock the potential of learners around the world.”
Condé Nast has made changes to its global content strategy, leadership and structure. It will appoint global leadership teams to its brands to oversee international and U.S. markets. “This new strategic approach to content creation brings an emphasized focus, across the company’s worldwide portfolio of brands, on quality and reach,” reads a company statement. It calls the changes a “complete redesign and investment in editorial operations.” Anna Wintour is now the first global Chief Content Officer of Condé Nast. She will also serve as global editorial director of Vogue, while continuing her oversight of Vogue U.S.
This October, the adult and children’s/young adult segments had polar opposite results—sales of adult books rose 10.2% in the month over 2019, while sales in the children’s/YA category fell 10.2% for publishers that report results to AAP’s StatShot program. Gains in the adult segment were led by an 18.2% increase in sales of trade paperbacks, and both digital formats saw double digit increases as e-book sales rose 13% and downloadable audio sales increased 12% over 2019. Overall, in the first 10 months of 2020, adult trade book sales rose 9.1% over the comparable period in 2019 at publishers who reported sales to AAP.
Kathy Abusow, President and CEO of the Sustainable Forestry Initiative (SFI), provided the following statement regarding the recent announcement by Minister Seamus O’Regan on the launch of Canada’s 2 Billion Trees initiative. “SFI and Project Learning Tree Canada (PLT Canada) are pleased to see the official launch of the 2 Billion Trees initiative today. This initiative has the potential to elevate the role that trees and sustainably managed forests play in Canada’s health, wealth, identity and heritage while also advancing nature-based solutions as part of our sustainable future.” “We are ready to collaborate and leverage our scale and network to identify forests in need of restoration, identify new places and spaces in urban forests to increase our tree canopy, and to help administer the roll out and execution of this important initiative. This effort will contribute to more resilient forests of the future and support job creation and green infrastructure while helping to address global sustainability challenges.”
Packaging graphics create a first and lasting impression in the minds of consumers when making purchasing decisions. To help our customers maximize this important opportunity, we have amassed deep graphic design and printing expertise, commercialized a robust portfolio of innovative inks and finishes and opened multiple beverage can reprographics studios around the world to help our customers take designs from an initial concept to production-ready artwork. We get great enjoyment from collaborating with our customers to achieve extraordinary results and appreciate that our work continues to be recognized by the industry at large. Here are just a few of the honors we received this year:
E-commerce is booming and this year several sources predict records for the Christmas online shopping. A recent research commissioned by DS Smith reveals that extra 224 million of us will be purchasing our Christmas presents online this year, resulting in 350 thousand tonnes of unnecessary packaging. This could incur in real environmental, reputational and business risks for brands, which is why it is important for brands and retailers to optimize the packaging. At DS Smith, sustainability sits at the heart of our business model and is core to our Purpose of Redefining Packaging for a Changing World. And for that we aim to provide the best service to our customers thinking about the impact on the environment and future generations. L’Oréal shares those views too, and few months ago, we were approached by their team with the challenge of redesigning the E-commerce packaging for their luxury products range.
Greif, Inc. announced it has been awarded an A- Leadership ranking for the third year in a row by CDP as part of their annual climate change assessment. CDP operates a global disclosure system for investors, companies, cities, states and regions to manage the impact they make on the environment. “Earning an A- Leadership ranking from CDP for a third year in a row continues to reinforce and recognize our ongoing efforts to minimize our environmental footprint,” said Pete Watson, Greif's President and Chief Executive Officer. “We are committed to providing value for our stakeholders by safeguarding the environment through our continued sustainability efforts.”
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. TopClip fully covers the top of can multi-packs, protecting them from contamination and providing excellent consumer handling and branding opportunities. Moreover, the product’s sustainability credentials are further boosted with a 30% lower carbon footprint compared to a shrink wrap consumer pack.
The commercial printing industry will grow in 2021. Growth will begin during the second quarter, and accelerate through year end. No company, however, should count on the upturn or the shakeout of weak competitors to make everything right. Much will be different in the post-COVID world. And much of the gains ahead will be reserved for companies already thinking about those differences, and how to make them opportunities rather than threats. Those conclusions are based on the COVID-19 Print Business Indicators Survey, conducted every other month by PRINTING United Alliance and NAPCO Research. Nearly 200 commercial printers participate. The diverse group has annual sales ranging from less than $1 million to more than $700 million, and is located across the U.S. and Canada. We measure percent change in sales in two ways. Year-over-year is the first to capture the depth and breadth of the downturn. Among all companies surveyed, sales fell 16.9%, on average, during the first three quarters of 2020 compared with year earlier levels, declining for 81.9% — by at least 20% for more than half and at least 30% for nearly one-third — and increasing for just 17%. One participant speaks for many when he describes what’s happened this year as a “seismic downturn.”
R.R. Donnelley & Sons Company announced the activation of its Touchless World solution to support production and distribution for Apple App Clip Codes. App Clips are a way for iPhone users to quickly access and experience a small part of an app and can be discovered in many ways, including the new App Clip Codes. As a leader in dynamic print for a touchless experience, RRD is leveraging its Touchless World solution set to manufacture the code-embedded, multi-layer decal required for this new feature from Apple. In the production of these visually-distinct decals, RRD integrates digital variable text and graphical print with NFC technology plus full dynamic encoding. This single-source combination of capabilities positions RRD as an optimal decal producer for touchless consumer experiences.
Total Boxboard production in November decreased two percent compared to November 2019. It was down three percent when compared to the same 11 months of 2019. The boxboard operating rate was 91.3 percent, down 1.4 points from November 2019 and down 0.7 points year-to-date. Solid Bleached Boxboard production in November increased four percent compared to November 2019. It was down five percent when compared to the same 11 months of 2019. Recycled Boxboard production in November decreased four percent compared to November 2019. It was down two percent when compared to the same 11 months of 2019. Unbleached Kraft & Gypsum production in November decreased seven percent compared to November 2019. It was down two percent when compared to the same 11 months of 2019.
The American Forest & Paper Association (AF&PA) released its November 2020 Containerboard Monthly report. Total Containerboard production in November increased two percent compared to November 2019. It was up four percent when compared to the same 11 months of 2019. November 2020 production of containerboard for export decreased six percent compared to the same month last year; it was up 13 percent year-to-date. The containerboard operating rate was 93.3 percent, essentially flat (-0.4 pts.) from November 2019 and up 2.5 points year-to-date. Mill inventories of containerboard at the end of November increased 39,000 short tons from the previous month and were down 2,000 short tons compared to November 2019.
Total Packaging Papers & Specialty Packaging shipments in November increased nine percent compared to November 2019. They were up four percent when compared to the same 11 months of 2019. The operating rate was 85.5 percent, up 1.0 points from November 2019 and essentially flat (-0.3 pts.) year-to-date. Mill inventories at the end of November remained essentially flat (-514 short tons) from the previous month and were up 13,000 short tons compared to November 2019.
According to the Federal Environmental Agency, 2.8 billion disposable cups are consumed each year in Germany alone. Around 60% of these are plastic-coated paper cups which are currently thrown away, as they cannot be recycled in a reasonable and economically meaningful manner. The reason for this is the plastic coating on the inside, which prevents the cups from leaking or softening. The composite material of paper and plastic slows the recycling process. So far, the paper fibres could only be separated from the plastic coating in special recycling facilities and with a large amount of effort. However, separating the two materials is the prerequisite for restoring the paper fibres to the recycling loop. A newly developed, innovative recycling product now enables the fresh fibre pulp from disposable cups to be returned to the recycling loop in a resource saving and efficient way, without disproportionate additional input in the paper treatment process. The innovative idea for the new product comes from the Printing and Media Technology department of the creart advertising agency in Fulda, in the state of Hesse. “The upcycling that takes place here serves to upgrade the material,” explains authorised officer Torsten Gröger, who came up with the idea. “The waste product of disposable cups become a raw material again, in this case for a graphic paper that can be used for various purposes in communication and advertising.” As the name suggests, CoffeeCup Paper comprises around 25% disposable paper cups and 75% directly recyclable waste paper. Once manufactured, it can be recycled again at least six more times.
Innovation Norway has allocated NOK 15 million in support of building a demonstration plant for the development of fiber composite production at Norske Skog Saugbrugs. This will accelerate the on-going development work to industrialize the production of a new type of biocomposite, which can be included in furniture, packaging and car interiors. Norske Skog Saugbrugs will develop sustainable solutions related to plastic raw materials, fiber blending, technology development and testing of biocomposites. "We want to contribute to reduced plastic consumption by creating new, green products with significantly reduced carbon footprint, and find good solutions to recycle significantly more plastic than today. The plant is crucial for accelerating the industrialization of new sustainable, bio-based products," says CEO Kjell-Arve Kure at Norske Skog Saugbrugs. Norske Skog Saugbrugs is now well under way with the development of finding solutions to problems related to plastic raw materials, fiber blending, technology development and testing of biocomposites. The demonstration facility will be a prerequisite in the further development work to succeed.
WestRock welcomes Brandi Colander to its executive leadership team as chief sustainability officer. Colander further strengthens WestRock’s commitment to sustainability, both within the company and in the packaging solutions it provides its customers. "WestRock is committed to a world in which fiber-based packaging plays a central role in advancing the circular economy,” said Steve Voorhees, chief executive officer of WestRock. “As we work in partnership with our customers, I am confident that Brandi’s extensive experience will help us advance our work to imagine and deliver a more sustainable future. I am very pleased that she is joining us on our sustainability journey." Colander brings to WestRock a cross-section of experience that spans the private, government and nonprofit sectors. Colander was most recently a principal at The Raben Group leading teams to advance client public policy goals. She has worked as head of external relations with Charter Communications, where she created diverse partnerships and oversaw philanthropic investments. Colander has served as a deputy assistant secretary for Land and Minerals Management at the U.S. Department of the Interior and deputy general counsel for the White House Council on Environmental Quality, advising on environmental laws and policies across federal agencies with diverse stakeholders.
Northern Pulp is safe from its creditors for another five months. British Columbia Supreme Court justice Shelley Fitzpatrick approved the company’s motion on Friday to have creditor protection extended until April 30. Northern Pulp estimates it has enough money left to run until June. After that it will have to seek permission from the the court and its creditors to draw again on a $50 million financing facility set up by its parent company, Paper Excellence. “The Province is generally satisfied with the improved level of communication between the Petitioners and the Province, and also with other interested parties,” reads an affidavit filed with the Court on behalf of the provincial government before Friday’s hearing.
(subscription required) Holiday book buying kicked into high gear last week, with unit sales of print books jumping 44.3% over the week ended November 29, 2020, at outlets that report to NPD BookScan. The smallest gain in the week came in young adult fiction, where sales increased 31.2%, whereas the biggest jump was in young adult nonfiction, which had an 86.8% increase. In general, the sales boost came from higher sales of existing titles. For example, The Boy, the Mole, the Fox and the Horse, last year's Barnes & Noble book of the year, saw sales skyrocket to about 138,000 copies last week from just over 14,000 copies in the previous week. Holiday favorite How the Grinch Stole Christmas had a 77% sales jump in the week, with sales nearing 52,000 copies sold.
UPM Biofuels has joined the BIKE project that promotes low-ILUC risk biofuels production for European Bioeconomy. The project brings together companies and research organisations who believe that novel, safe and reliable biomass value chains can be deployed to produce food, feed, biofuels and biomaterials with a low risk of generating indirect land use change. Sustainable biomass-based biofuels mitigate ILUC (Indirect Land Use Change) because they result from productivity increases such as sequential cropping of cover or intermediate crops, or they come from crops grown on abandoned or severely degraded land. Sustainable biofuels are needed to rapidly decrease transport emissions in the EU. The responsible production of feedstock for biofuels through well-designed sustainable biomass value chains can enhance soil health and promote green resilience practices in agriculture, thus serving the objectives of the European Green Deal and fostering the bioeconomy.
It seemed impossible that the acquisition of Simon & Schuster by Penguin Random House the day before Thanksgiving could be overshadowed by a bigger industry event, but that is what happened when book publishing’s long-running trade show and convention, most recently known as BookExpo, was canceled. As the buzz about the end of BookExpo has cooled down, industry members continue to digest the news of PRH’s pending purchase of S&S, the nation’s largest and third-largest trade book publishers, respectively. When the acquisition was announced, the Authors Guild, the American Booksellers Association, and the Association of American Literary Agents (formerly the AAR) all issued statements that were critical of the deal. While each organization had a particular take, all shared one thing in common: they were concerned about the increasing consolidation within trade publishing. The Authors Guild, which called the 2012 Random House–Penguin merger “unsettling,” took a tougher stance in PRH’s S&S purchase, saying that, for authors, the reduction of the Big Five to Big Four would leave “fewer competing bidders for their manuscripts, which would inevitably drive down advances offered.”
To collectively fight against climate change and advance equity in the industry, REI Co-op is engaging its more than 1,000 brand partners to advance more sustainable and inclusive business practices. The REI Product Impact Standards include the co-op’s expectations for how brands are addressing carbon reduction, inclusive marketing practices and cultural designs in the products they make and sell to REI. The standards first launched in 2018 as a way for REI to advance sustainability across the industry and have expanded to include additional areas of impact. The standards also include voluntary product certifications, known as preferred attributes, which includes recognition for products that are certified to Climate Neutral, bluesign, or other leading standards supporting organic ingredients, recycled materials or fair trade. REI is committing that, by 2030, all products on its shelves will have a preferred attribute so that every purchase at REI supports a healthier, cleaner, more equitable planet. “The products we carry represent our values and one of our greatest opportunities to support better ways of doing business in our industry,” said Chris Speyer, REI vice president of product. “We want our members and customers to shop with confidence, knowing that the products they purchase at REI are helping build a better future for the people and places they love.”
Cascades Inc. announced that its 86.3% owned subsidiary, Greenpac Mill, LLC ("Greenpac") has entered into an agreement to amend and restate its existing term loan and revolving credit facility that were scheduled to mature in May 2021. The amended credit facilities will mature in December 2023. Greenpac operates a state-of-the-art lightweight containerboard mill, located in Niagara Falls, New York, which manufactures lightweight linerboard made with 100% recycled fibres. The mill has an annual production capacity of 540,000 short tons and employs 168 people.
Cascades is pleased to continue supporting efforts to fight effects of the pandemic. In addition to providing essential products on a daily basis that help meet the needs of Cascades' customers and consumers, the Company has donated more than 150,000 boxes over the course of 2020 to non-profit organizations that are working to respond to the needs of people who are most vulnerable during the COVID-19 emergency. "Cascades has always been committed to helping and being involved in the communities where we do business. The difficult times we are all experiencing have only made this commitment more important," said Mario Plourde, President and Chief Executive Officer of Cascades. "Every year, Cascades provides over 50,000 cardboard boxes to food banks, community organizations and other aid initiatives. Given the current situation, we have tripled these donations to help with the even greater need for transport, storage and delivery of essential food supplies to individuals who are most affected by the crisis. Since the beginning of the pandemic, Cascades has donated more than 150,000 boxes to approximately one hundred community organizations primarily involved in emergency food assistance."
Sonoco is pleased to announce its partnership with the Digital Watermarks Initiative Holy Grail 2.0, an initiative facilitated by AIM, the European Brands Initiative, to prove the viability of digital watermarking for sorting packaging waste and the business case at scale. The Holy Grail 2.0 initiative has the goal of assessing whether digital technology can enable better sorting and higher-quality recycling rates for packaging in the EU. Today, more than 85 partners across the value chain are working together to refine and commercialize this concept.
Norske Skog Saugbrugs has since 2006 developed new and sustainable products based on fibre. CEBINA is a natural fibre product and add rheology control in fluids and armouring in solid materials. Following significant marketing efforts and customer testing in 2020, Norske Skog is proud to announce that CEBINA is now sold to customers in Norway and internationally. “The CEBINA sales in the fourth quarter are incredibly exciting. We have been able to establish promising cooperation with companies, consultants and researchers, who see the unique potential in the green and sustainable product we have developed,” says Hugo Harstad, Commercial Development Director of CEBINA at Norske Skog Saugbrugs. Product development of CEBINA continues at full speed, and Saugbrugs works closely with, among others, Re-Turn in Fredrikstad to identify new applications. In 2020, a new variant of CEBINA has been developed in which the water in which the fibrils are suspended has been replaced with a polymer. This enables the use of CEBINA in, for example, epoxy floor coverings and adhesives.
The nonpartisan Government Accountability Office (GAO) has come to us requesting specific company information about how our members have been impacted since the Supreme Court decision in South Dakota v. Wayfair in June 2018. This study will go to Members of Congress and will help make the case for legislative relief from the punishing complexity, cost and liabilities being imposed on remote sellers. So far, several members of ACMA's Tax Committee have stepped up with their case studies, showing in detail the kind of financial hardship the Wayfair decision has had on their businesses. Please help with our goal being to get Federal legislation passed so you don't have more than dozens of states chasing after you for back taxes, audits, and other liabilities. Our help in this crucial GAO report will go a long way toward reaching this vital goal. Click read more below for important directions to share your input.
PANTONE 17-5104 Ultimate Gray + PANTONE 13-0647 Illuminating, two independent colors that highlight how different elements come together to support one another, best express the mood for Pantone Color of the Year 2021. Practical and rock solid but at the same time warming and optimistic, the union of PANTONE 17-5104 Ultimate Gray + PANTONE 13-0647 Illuminating is one of strength and positivity. It is a story of color that encapsulates deeper feelings of thoughtfulness with the promise of something sunny and friendly. A message of happiness supported by fortitude, the combination of PANTONE 17-5104 Ultimate Gray + PANTONE 13-0647 Illuminating is aspirational and gives us hope. We need to feel that everything is going to get brighter – this is essential to the human spirit.
It’s been a seven-decade-long run, but Ikea is formally saying goodbye to its printed catalog. The decision was announced Monday (Dec. 7) as the Ikea brand continues to shift itself to digital, according to published reports. At a peak four years ago, Ikea distributed 200 million catalogs worldwide in 32 languages. The BBC once reported that the Ikea catalog was the world’s largest publication, with more copies printed than either the Bible or the Quran. Of course, it’s not surprising that a retailer looking to focus on digital is exiting print. The same trend has been underway for the past decade or so in mass-market publishing. Print runs of books, newspapers and magazines have been more or less continuously on the decline as consumer preference for digitized content grows in the mobile era. What’s perhaps eye-catching in Ikea’s case and for the world of catalog publishing in general is how inconsistent that pullback actually seems to be when one looks at retail. For every Ikea that pulls out of the printed-catalog business, there seems to be a digital brand that’s pushing forward with a new physical catalog all its own. click read more below for the full article
The owners of a Port Alberni paper mill say a major new investment in the facility reflects confidence in British Columbia’s forestry sector. Paper Excellence says it will spend $13 million to upgrade the mid-Island mill as it prepares to produce food-grade papers used by restaurants and food preparation companies. The company says the investment will remove production bottlenecks and upgrade a pair of paper machines at the facility. "With help from the leadership of B.C.’s government, we are very excited to invest in a winning project like this at Port Alberni," said Patrick Corriveau with Paper Excellence. "With the mill’s best-in-class papermakers and the ability to make even more of these new food grades, we’re confident in the Port Alberni mill’s secure and long-term future."
Stora Enso has decided to invest in centralising and modernising the wood handling capacity at its Imatra mills in Finland. The investment of EUR 80 million will enhance Stora Enso’s production capabilities for premium packaging board. The investment supports the Group’s strategy of sustainable profitable growth through packaging in strong customer segments. The investment is planned to start in Q1 2021 and to be completed in Q3 2022. The Imatra mills produce premium packaging boards for food, beverage and luxury packaging. The purpose of the investment is to modernise the wood handling process in Imatra and centralise it in one of the existing wood yards. The project includes the installation of a new, third debarking line, improvements to chip handling systems, and modifications to the existing wood yard infrastructure. The centralised and modernised wood handling capacity will improve the stability and efficiency of the process. In addition, the new, more efficient debarking line will reduce water consumption of the process and lower the environmental impact.
Huhtamaki is investing for further growth in Russia. In order to respond to the fast development of the retail business and egg packaging industry in Eastern and Central parts of Russia, the company is setting up a new fiber packaging manufacturing plant at its existing site in Alabuga, Tatarstan. Preparatory work on the site is under way and production of fiber packaging is expected to begin during the first quarter of 2022. “Russia is one of our key growth markets,” says Eric Le Lay, President for the newly integrated Fiber and Foodservice Europe-Asia-Oceania business segment. “This additional capacity for molded fiber egg packaging enables further profitable growth for us in Russia. The location in Alabuga, Tatarstan, allows us to better serve our customers operating in the fast-developing Central and Eastern parts of Russia,” he continues.
Fourth Quarter Fiscal Year 2020 Financial Highlights: *Adobe achieved record quarterly revenue of $3.42 billion in its fourth quarter of fiscal year 2020, which represents 14 percent year-over-year growth. Diluted earnings per share was $4.64 on a GAAP basis, and $2.81 on a non-GAAP basis. *GAAP operating income in the fourth quarter was $1.22 billion, and non-GAAP operating income was $1.54 billion. GAAP net income was $2.25 billion, and non-GAAP net income was $1.36 billion. *Cash flows from operations were a record $1.78 billion. *Adobe repurchased approximately 1.6 million shares during the quarter.
Costco Wholesale Corporation announced its operating results for the first quarter (twelve weeks) of fiscal 2021, ended November 22, 2020. Net sales for the first quarter increased 16.9 percent, to $42.35 billion from $36.24 billion last year. Net income for the quarter was $1,166 million, or $2.62 per diluted share, compared to $844 million, or $1.90 per diluted share, last year. This year’s first quarter included tax benefits of $145 million or $0.33 per diluted share, $0.16 of which was due to the deductibility of the $10 per share special cash dividend, to the extent received by the Company’s 401(k) plan participants; and $0.17 cents related to stock-based compensation. Last year’s first quarter included a $77 million or $0.17 per diluted share tax benefit related to stock-based compensation. This year’s results reflect an expense for COVID-19 premium wages of $212 million pre-tax or $0.35 per diluted share.
Mars Food announced it will begin to use recyclable mono-polypropylene plastic (PP) for its microwavable rice pouches in 2021. The project will bring to market the industry’s first food-safe, mono-material microwavable rice pouch. Launching with an initial pilot in the first half of 2021, the business has ambitions to further scale the technology across its portfolio beginning at the back half of the year. The use of high performing mono-PP material will allow Mars Food to retain the shape, shelf life, functionality and high safety standards needed for its brands’ packaging, while ensuring pouches can be mechanically and chemically recycled where infrastructure exists, and designed for future recycling where it doesn’t yet. The breakthrough is a result of a three-year partnership between Mars Food and Amcor.
Sonoco announced it is increasing prices for all rigid paper containers and closures sold in North America by 5 percent, effective with shipments on, and after, January 15, 2021. According to Ernest Haynes, Division Vice President and General Manager, Rigid Paper and Closures, North America, this price increase is necessary to recover rapidly rising costs for raw materials used to produce rigid paper containers. “Due to the rising cost of both steel and recovered paper, we are experiencing input cost pressures that simply cannot be absorbed,” Haynes said. “Our operational cost increases have been compounded by the on-going COVID-19 pandemic as it impacts labor, the build-up of inventory and associated carrying costs, which is all connected to ensuring the continuity of supply for our customers. As an essential supplier during these challenging times, our primary focus entails doing everything we can to protect our customers from business related disruptions. We take the challenge seriously in that regard and have embraced extraordinary measures to maintain continuity of supply to meet our customers’ most critical needs.”
Ricoh unveiled a first look at the RICOH Pro Z75, its highly anticipated B2 sheetfed inkjet system. Recognized as a “game changer”, the state-of-the-art, Ricoh-developed press with future-defining technology is built to help businesses reach new benchmarks for productivity, image quality and operating costs. “The Ricoh B2 inkjet press is phenomenal. It is going to be a game changer for the commercial print market,” said Bob Dahlke, Jr., Principal, VISOgraphic, Inc. “Ricoh’s approach to bringing new innovation to market is to do it right. They don’t care about being first; they care about delivering what our businesses need. I’ve been through this process with them in the past, and I believe it has helped commercial printers more confidently and effectively migrate to digital.”
Highlights: *Continued improvement in profitability in the Packaging Sector and maintained rigorous cost control in the Printing Sector. *Revenues of $655.7 million for the quarter ended October 25, 2020; operating earnings of $81.2 million; and net earnings attributable to shareholders of the Corporation of $51.3 million ($0.59 per share). *Solid financial position with liquidities of $241.0 million and access to unused lines of credit of $432.8 million, for total available liquidities of $673.8 million. *Improved net indebtedness ratio(1) to 1.9x as a result of the decrease in long-term debt of $363.0 million and the increase in adjusted operating earnings before depreciation and amortization(1) during the fiscal year. *Launched new packaging made of 30% post-consumer recycled plastic for the case wrap of AHA® Sparkling Water, a brand of The Coca-Cola Company.
Paper and the holidays go together like marshmallows and hot cocoa. From greeting cards and paper crafts to special stories and letters to Santa, much of the holiday magic and wonder we enjoy comes from the paper products we use each year. This year, while many people are forgoing parties and family gatherings out of health concerns, paper traditions can take on even greater importance. Check out these creative ways to make holiday magic with paper. Holiday Cards; Paper Packaging; Gift Wrap; Holiday Crafts. How will you use paper to create holiday magic this year? Find us on social media @DomtarEveryday and share your favorite paper-based holiday traditions.
National Average Price for Regular Unleaded Current: $2.159; Month Ago: $2.117; Year Ago: $2.573. National Average Price for Diesel Current: $2.460; Month Ago: $2.371; Year Ago: $2.999.
American Dollar to Canadian Dollar = 0.783018; American Dollar to Chinese Yuan = 0.152749; American Dollar to Euro = 1.212853; American Dollar to Japanese Yen = 0.009604; American Dollar to Mexican Peso = 0.049673.
The Navigator Company has once again been given an “A” rating by the CDP in a world survey assessing company action on climate change, achieved by only 3% of companies evaluated throughout the entire world. Navigator has been distinguished as a world leader in fighting climate change by the CDP, a non-governmental organization which evaluates the environmental performance of companies and cities, whose analyses are used by investors in their decision-making on sustainable investing.
Ahlstrom-Munksjö is a leading, global manufacture of high performance fibre based solutions, supplying products to the flooring industry for over 40 years. Following the launch of FibRoc®, communicating the identity and positioning of the new product platform, Ahlstrom-Munksjö is pleased to announce the launch of the FibRoc® Flooring product portfolio. The new portfolio consists of a wide range of high performance fibre-based solutions for heavy duty, cushion vinyl and luxury vinyl flooring, as well as solutions for carpets and carpet tiles. The portfolio is bringing together a wide range of high performance products for flooring applications, making it easier for business partners to recognize and understand the product benefits.
The 1-800-FLOWERS.COM, Inc. Valentine’s Day Look Book is here, helping gift-givers find the perfect expression of love for all the sweethearts in their lives. This annual guide includes thoughtful, playful, and romantic gift ideas, such as one-of-a-kind floral arrangements and preserved roses from 1-800-Flowers.com®, customized keepsakes for everyone (including pets!) from PersonalizationMall.com®, prepared gourmet meals and indulgent desserts from Harry & David®, plus chocolate truffles, baked goods and buttercream frosted treats from Simply Chocolate®, Wolferman’s Bakery®, and Cheryl’s Cookies®. With suggestions for planning the ultimate date night at home, gifts for the littlest loves, and perfect presents for him, the company’s family of brands have everything needed to make a lasting impression this Valentine’s Day.
Amazon announced 26 new utility-scale wind and solar energy projects totaling 3.4 gigawatts (GW) of electricity production capacity, bringing its total investment in renewable energy in 2020 to 35 projects and more than 4 GW of capacity — the largest corporate investment in renewable energy in a single year. These new projects will make Amazon the largest-ever corporate purchaser of renewable energy. Amazon has now invested in 6.5 GW of wind and solar projects that will enable the company to supply its operations with more than 18 million megawatt hours (MWh) of renewable energy annually. This is enough to power 1.7 million U.S. homes for one year. These projects will supply renewable energy for Amazon’s corporate offices, fulfillment centers, and Amazon Web Services (AWS) data centers that support millions of customers globally. They will also help advance Amazon’s goal to reach net-zero carbon emissions across its business by 2040. Part of that commitment is powering Amazon’s infrastructure with 100% renewable energy, and the company is now on a path to achieve this milestone by 2025, five years ahead of the initial 2030 target.
HH Global is delighted to announce the renewal of our EcoVadis Gold Corporate Social Responsibility (CSR) status in recognition of sustainability achievements. As well as renewing EcoVadis Gold for 2020, HH Global’s overall score also increased by one point to a total of 67. This places HH Global within the top five percent of companies that are evaluated by EcoVadis globally, and strongly demonstrates a continued commitment to sustainability. “We are delighted to renew and improve our EcoVadis Gold status” stated Kevin Dunckley, HH Global Chief Sustainability and Innovation Officer. “The business is growing quickly and our improved score is testament to our global commitment to sustainability and continuous improvement strategy. We have also set ambitious Science Based Targets in 2020, and will shortly be releasing our latest Sustainability Report which will contain further details of our achievements and ambitions”
Financial Highlights • Half-year profitability shaped by Covid-19 • Volumes building progressively throughout H1 ◦ -4.7% May, +3% October, overall H1 -1.0% ◦ November >+5% • Significant customer wins in Europe and North America driving market share gain • Q1 profitability affected by negative volumes, deflation and Covid related costs • Q2 good rebound in profitability – improving volumes and average Q2 RoS 9.5% • US showing good momentum driven by Indiana plant progress • Strong organic free cash flow +16%
Fourth Quarter Highlights Include (all results compared to the fourth quarter 2019 unless otherwise noted): Net income of $44.4 million or $0.74 per diluted Class A share decreased compared to net income of $65.0 million or $1.09 per diluted Class A share. Net cash provided by operating activities increased by $5.0 million to $200.4 million. Adjusted free cash flow(3) increased by $23.7 million to $173.9 million. Awarded a Gold Rating in sustainability performance for the third consecutive year by EcoVadis. Fiscal Year Highlights Include (all results compared to the fiscal year 2019 unless otherwise noted): Net income of $108.8 million or $1.83 per diluted Class A share decreased compared to net income of $171.0 million or $2.89 per diluted Class A share. Net cash provided by operating activities increased by $65.2 million to $454.7 million. Adjusted free cash flow increased by $78.4 million to $346.2 million.
The Mayr-Melnhof Group has reached an agreement to acquire Kotkamills Group Oyj from the previous owners for an enterprise value of around EUR 425 million; this corresponds to approximately 7.8 times the EBITDA of the last twelve months. With the takeover of Kotkamills, MM Karton will expand its position in the attractive market for virgin fiber board (FBB) and Food Service Board (FSB) and complement its established market position in recycled cardboard. The planned transaction will have an immediate impact on earnings. Kotkamills operates two cardboard/paper machines at the integrated location in Kotka (southern Finland): one FBB / FSB cardboard machine, which was commissioned in 2016 after an investment of more than 180 million EUR, with a current sales volume of around 260,000 t and one planned capacity of 400,000 t; a machine for Saturated Kraft Paper / impregnation paper with a capacity of 170,000 t, which makes the company one of the world's leading suppliers. Kotkamills employs around 500 people and in the last twelve months achieved an EBITDA of around EUR 55 million on sales of around EUR 380 million.
Metsä Group’s innovation company Metsä Spring and Valmet begin construction of the 3D fibre product pilot plant in Äänekoski, Finland. The pilot plant enables testing and further development of the novel process for producing of a new type of packaging solution.The greenfield building will host the pilot line, which converts wood fibre into ready-to-use 3D fibre products, which, in turn, can replace similar packaging solutions made from plastic and aluminium. The goal of the pilot plant project is to develop a new competitive product and the supporting production process and equipment. “Our project is a good example of our role as a pioneering company. We have an ambitious goal to build a significant business based on the top-class know-how of Metsä Group, Valmet and several other companies. We use familiar, sustainably-produced wood fibre as our main raw material and strive to process it into first-class packages while minimising the environmental impact. The pilot plant is developing and testing many new innovations that support, for example, our goal to replace plastic in various packaging solutions,” says Jarkko Tuominen, Project Lead at Metsä Spring.
Tetra Pak has been recognised for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious A List for tackling climate change, as well as acting to protect forests – two of the three environmental themes covered by CDP. Tetra Pak is the only company in the carton packaging sector to be included in the CDP leadership band for five years in a row and to score an outstanding double ‘A’ for climate and forests in 2020. Tetra Pak is part of a very small number of companies (1%) that achieved a double ‘A’ score, out of 5,800+ companies that were scored based on data submitted through CDP’s questionnaires in 2020. Through significant demonstrable action on climate and deforestation risks, the company is leading on corporate environmental ambition, action and transparency worldwide.
R.R. Donnelley & Sons Company introduces a comprehensive vaccination distribution toolkit — for healthcare providers, government agencies, retail pharmacies, and large enterprise organizations — aimed at delivering quick-turn marketing, communication, and operational support upon the release of an FDA-authorized COVID-19 vaccine. Immediate production of a vaccine program involves many components, e.g., regulatory compliance, multiple vendor coordination, and speed-to-market challenges. RRD’s vaccination distribution toolkit is designed to provide turnkey support in three key areas: 1) Vaccine awareness – direct mail campaigns, digital communications, employee training materials, content and creative translations 2) Clinician and retailer operational needs – signage and wayfinding, prep kits, temperature labels, POP displays, branded promotions and labels 3) Post-vaccination support – care kits, proof of vaccination, second-dose reminders, tip sheets
Forest Products Association of Canada (FPAC) released Innovative, Sustainable, Resilient: Recommendations from Canada’s Forest Sector to Drive Economic Recovery and a Net-Zero Carbon Future. The report, submitted to the federal government, outlines how Canadian forestry workers, forest management, and forest products can help kickstart a green economic recovery. At today’s launch, FPAC President and CEO, Derek Nighbor, issued the following statement: “In the face of rising COVID numbers in most parts of the country, Canadians continue to stare down the biggest health and economic crisis of our lifetimes. Last week’s announcement that the federal deficit is projected to hit $382 billion by March 2021 is a stark reminder of how daunting the recovery effort will be. We need to come together with solutions that will meet the needs of Canadian workers and their families and deliver jobs to communities that need them, while promoting innovation and our move to a lower-carbon economy."
Mondi is the main sponsor for the Bristol Gulls, a four-woman team taking on the Talisker Whisky Atlantic Challenge. They will be rowing an Eco Boat for the 4,800km race and consuming food freeze dried in recyclable packaging provided by Mondi. *They will have a 55-day supply of mainly freeze-dried meals packed in Mondi’s award-winning BarrierPack Recyclable, a fully recyclable mono-material that supports a circular economy *The Talisker Whisky Atlantic Challenge begins on 12 December 2020, covering 4,800km from La Gomera in the Canary Islands to Antigua
The Tasman mill has over the last period commenced production of paper for supplies into the Asian packaging markets in the form of Pulp on Reel. This is part of the ongoing strategic development process to transition the Tasman mill in New Zealand out of standard newprint production. As part of the same strategic review, Norske Skog has received significant inbound interest for Nature’s Flame pellets facility located close to the Tasman mill; therefore, Norske Skog has decided to launch a process to asses the best long term ownership structure for this operation. “The Tasman mill management and the larger Australasian organisation have shown entrepreneurial spirit in quickly developing an alternative business case for the mill, making good commercial use of existing assets and infrastructure on the site. I am certain that the continuing work will result in further ways to maximise the potential in the Tasman mill’s excellent fiber access and fiber processing competencies” says Norske Skog Chief Executive Officer, Sven Ombudstvedt.
Receiving the Amazon catalog in the mail seemed like an industry event. The biggest online retailer in the world mailing a catalog? For many of us that grew up in the catalog world, we felt vindicated; print is powerful. But with all the muscle in the world, how do you think their catalog stacked up? Did they take advantage of the power of this media or did they miss the mark? Is there anything we can learn from their efforts? Let’s dig in and see … https://www.jschmid.com/blog/the-amazon-catalog-the-good-bad-ugly/
After much consideration, Nekoosa has chosen to discontinue and exit our DIGITAL COATED paper offering at the end of 2020 and we will be selling off our existing inventory without replenishment. The decision to exit this lane was not an easy one, but at the end of the day we do feel it’s best for our business. We are operating on a “while supplies last” basis for this product line and customer service can let you know our current stock levels and pricing for the SKUs that you typically buy. The reasons for this decision can be summarized as a combination of things such as: supply chain issues, an interest in freeing up converting equipment to focus on other product segments, and profitability of the line.
The holidays are here! And as always, paper will play an important part in our celebrations – from shopping bags, gift boxes and decorations to greeting cards and cardboard shipping boxes. And after the holidays are over, you can give a gift that keeps on giving by recycling. The paper and paper-based packaging you recycle this holiday season extends the life of a valuable natural resource (wood fiber from trees), prevents waste from going to landfills and avoids the release of greenhouse gas emissions that occur when paper decomposes in landfills. And who knows, it might just end up as part of someone else’s holiday celebration next year! Nearly all Americans and Canadians have access to curbside or drop-off recycling programs, and both Americans and Canadians are clearly committed to recycling -not just during the holidays, but throughout the year. The U.S. recovers 66% of its paper and paperboard packaging and 92% of corrugated cardboard for recycling annually. Canada recovers nearly 70% of its paper and paper-based packaging and 85% of corrugated cardboard.
The Consumer Financial Protection Bureau (CFPB) gave an early Christmas present to debt collectors, at the expense of the very consumers they are mandated to protect. Ignoring a mountain of public comments from citizens, cyber security experts and consumer advocacy groups including Keep Me Posted (KMP) detailing the multitude of harms and risks unleashed by its proposed rules, the Bureau plowed ahead and finalized a sweeping deregulation that will subject society to an unwelcome digital deluge of menace and fraud. Under the guise of so-called modernization, the CFPB will give the green light to 3rd-party debt collectors to exploit Facebook, Instagram, LinkedIn and Twitter messaging — as well as emails and text messaging — in their bounty hunting efforts. The new rules would further allow for an unlimited quantity of such unsolicited digital contacting — while simultaneously expanding the frequency of phone calls to 7 times per week per alleged debt. Meanwhile, the safe, secure and discreet practice of mailing paper letters will remain an option for professional firms seeking reliable communications options. To be clear, America’s consumers did not ask for this. And they will not even be given the option to opt-in to any such digital communications they might prefer.
Leading global apparel company Gap Inc. has joined the U.S. Cotton Trust Protocol and Textile Exchange’s 2025 Sustainable Cotton Challenge as part of its integrated sustainability strategy and to help it achieve its commitment to use only 100% sustainably-sourced cotton by 2025. Gap Inc.’s target of sourcing 100% of its cotton from more sustainable sources by 2025 is set across its collection of purpose-led lifestyle brands including Old Navy, Gap, Banana Republic and Athleta. The Trust Protocol will help Gap Inc. meet this goal by providing verified data on the sustainability practices used on U.S. cotton farms.
Simon & Schuster president and CEO Jonathan Karp has acquired a new book to be written by veteran investigative reporter and bestselling author Bob Woodward and fellow Washington Post political reporter Robert Costa. The book will examine the last days of the Trump presidency and the beginning of the Biden administration. Woodward and Costa were represented by Robert Barnett, who negotiated the deal with Karp. S&S acquired world, audio, and first series rights to the book. Karp will also edit the book, which is untitled and has no publication date.
Second Quarter Summary: *GAAP Results: Revenue of $491 million (+5%) and EPS of $1.22 (+54%) *Research Publishing & Platforms (at constant currency): Revenue +5% and Adjusted EBITDA +14% on strong double-digit growth in Open Access *Academic & Professional Learning: Revenue for Education Publishing marginally ahead of prior year as accelerated growth in digital content and courseware more than offset decline in print books *Education Services: Second Quarter and First Half Adjusted EBITDA margin of 21% and 17%, trending ahead of FY22 target of 15%
“We are delighted to see the PEFC alliance grow further, even in these challenging times.” said Ben Gunneberg, following the acceptance of UPM. “It is a pleasure for me to welcome UPM into the family as our 31st international stakeholder member.” “On behalf of the company I would like to warmly thank the members for voting for our membership,” said Inka Musta, Senior Manager Global Forest Affairs, after the acceptance at the General Assembly. “UPM is one of the world’s leading forest industry companies. Our head office is in Helsinki, Finland, but we have operations all over the world. We have nearly 19,000 employees and production in 12 countries. Across our six business areas, we create renewable solutions that replace fossil-based materials,” she continued.
AptarGroup, Inc. has been recognized for its leadership in corporate sustainability by the global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change. Aptar was recognized for its actions to cut emissions, mitigate climate risks and further the low-carbon economy, based on the data reported by the Company through CDP’s 2020 climate change questionnaire. Aptar is one of a small number of high-performing companies out of 5,800+ that were scored. Through significant demonstrable action on climate, Aptar is leading on corporate environmental ambition, action and transparency worldwide.
Flint Group Packaging Inks has signed up to the HolyGrail 2.0 project that seeks to solve the complexities surrounding the recycling of post-consumer plastic packaging. Project HolyGrail was established in 2017 to speed up the transition to a global circular economy for plastics by improving recycling rates through more effective, high quality sorting of materials. In 2020, the second phase of the project, HolyGrail 2.0, was launched to open it up as a cross-value chain initiative with greater scale and scope. Partners involved in the project are exploring the viability of tagging packaging with unique, machine-readable codes to improve automated detection and sorting within current recycling systems.
Willamette Falls Paper Company, Inc., a Columbia Ventures Corporation subsidiary, announces Ed Buehler will join Willamette Falls Paper Company as part of their executive leadership team. Mr. Buehler has spent over 30 years in the paper industry, providing leadership in Coated, Specialty, and Packaging Papers. Before joining Willamette Falls Paper, he started Point Specialty Papers Consulting following his retirement as VP and General Manager of Specialty Papers with Verso Corporation. Mr. Buehler brings a broad background to support Willamette Falls Paper with management experience in strategy, business turnaround, new market development, manufacturing, capital rebuilds, sales, marketing, and product development.
CDP, a global non-profit organisation, has recognised UPM as one of the world’s Triple A List companies for tackling climate change and taking actions to ensure sustainable forest management and water security. Only ten out of more than 5,800 companies were able to receive a Triple A recognition and UPM got it for the second year in a row. “As a forest and bio products company, receiving an A on Climate, Forest and Water is an extremely valuable recognition. In January, we signed the UN Business Ambition for 1.5°C with commitment to climate-positive forestry, ambitious CO2 emission reductions and new product innovations,” says Pirkko Harrela, EVP, UPM Stakeholder Relations.
Metsä Board, the leading European producer of premium fresh fibre paperboards and part of Metsä Group, has been recognized for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change, as well as acting to protect water security – two of the three environmental themes covered by CDP. Metsä Board has been included on the CDP Climate ‘A List’ since 2016. In the CDP’s Forest programme Metsä Board scored A-. Metsä Board is shown as one of a small number of companies that achieved a double ‘A’, out of more than 5,800 businesses that were scored based on data submitted through CDP’s questionnaires in 2020. Through significant demonstrable action on climate change and water security risks, Metsä Board is leading on corporate environmental ambition, action and transparency worldwide.
Quad/Graphics, Inc. announced that Julie Currie has joined the Company as its new Executive Vice President & Chief Revenue Officer. Currie succeeds Renee Badura, Executive Vice President of Sales & Marketing, who is retiring from Quad after 34 years of service to the Company. Currie brings a wealth of marketing, retail and CPG client services knowledge to Quad, a marketing solutions partner with a unique integrated service platform that helps clients reduce the complexity of working with multiple agency partners, increase content workflow efficiencies, and improve the effectiveness of their overall marketing spend. Currie’s experience leading organizational change and transformation, and her keen understanding of data and analytics, will provide immeasurable value to Quad and its clientele.
Adobe announced the completion of its acquisition of Workfront, the leading work management platform for marketers with more than 3,000 customers and one million users. Adobe’s acquisition of Workfront will bring efficiency, collaboration and productivity gains to marketing teams currently challenged with siloed work management solutions. Both companies are established partners with strong product synergies and a growing base of over 1,000 shared customers, including Under Armour, Nordstrom, Prudential Financial, T-Mobile and The Home Depot. Satisfying the increasing expectations of B2B and B2C customers today requires large volumes of content and personalized marketing campaigns delivered at lightning speed and scale. This must be accomplished across increasingly dispersed teams, as remote work becomes prevalent in today’s environment and the future of work is redefined. Workfront has deep leadership in orchestrating marketing workflows. Workfront’s platform is agile and uniquely architected for the enterprise, with extensive integration capabilities that can be easily configured to meet the varied needs of companies of all sizes.
The home furnishings giant is ending publication of its annual catalog after 70 years, citing the increased shift to online browsing and shopping. “Turning the page with our beloved catalog is in fact a natural process since media consumption and customer behaviors have changed,” stated Konrad Grüss, managing director, Inter Ikea Systems B.V. “In order to reach and interact with the many people, we will keep inspiring with our home furnishing solutions in new ways.” The decision to discontinue the catalog comes as Ikea has enhanced its digital capabilities and online shopping. Last year, Ikea’s online retail sales increased by 45% worldwide, and its web site had more than four billion visits.
JCPenney announced that it has completed its previously announced sale, under which Simon Property Group and Brookfield Asset Management, Inc. have acquired substantially all of JCPenney’s retail and operating assets. The Company’s asset purchase agreement with Simon, Brookfield and the Company’s DIP and First Lien Lenders, supported by the Unsecured Creditors Committee, had previously been approved by the U.S. Bankruptcy Court for the Southern District of Texas on November 9, 2020. “Today is an exciting day for our company, as we have accomplished our goal of putting JCPenney on a secure path for the future as a private company so that we can continue to serve our loyal customers,” said Jill Soltau, Chief Executive Officer of JCPenney.
Amcor, in partnership with thirty-five leading companies in the consumer goods industry, has today announced measures to significantly reduce plastic waste. Amcor and its partners in this coalition – which have a collective turnover of 1 trillion euros - will be enforcing two new design rules to deliver packaging that is easier and more cost-effective to recycle. The first design rule is expected to improve the economic viability of PET bottle recycling by removing colouring pigments and labelling that impact recycling rates. The second design rule will remove materials that are problematic for recyclers from all forms of plastic packaging. By implementing these rules, recycling will become easier, cheaper, more efficient and can scale faster - which will result in less waste leaking into the environment.
BillerudKorsnäs’ contribution to the low-carbon economy and actions to cut emissions have been recognized by the global environmental non-profit CDP, when BillerudKorsnäs today secured a place on the prestigious ‘A List’ for tackling climate change. CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2020, more than 5,800 companies were scored, and only the few top performing companies achieved a place on the ‘A-list’. At BillerudKorsnäs we believe that combatting climate change is the most critical issue of our time, so we are very happy to receive this confirmation by CDP.
Leading global packaging and paper manufacturer Mondi has secured a place on CDP’s prestigious ‘Triple A List’ for tackling climate change as well as acting to protect forests and water security. Mondi has been recognised for leading on corporate environmental ambition, action and transparency worldwide. CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. In 2020, over 515 investors with over US$106 trillion in assets and 150+ major purchasers with US$4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. Over 9,600 responded – the highest ever. Mondi is one of only 10 companies that has achieved a triple ‘A’, out of the 5,800+ companies that were scored based on data submitted through CDP’s questionnaires in 2020.
Tackling a global health crisis has looked different for different retailers. For United by Blue, an outdoor brand that sells through its own site as well as retail partners, it looked like holds on order shipments, followed by cancellations on those orders. It proved a tough position to effectively run a business. Mike Cangi, co-founder of United by Blue, said the company swiftly noticed that its peers were also struggling in the immediate aftermath of the pandemic, and thought there may be a solution in them all banding together. The result was a joint sales event between some 15 to 20 mission driven brands in April, dubbed "I Stand With Small," in an effort to drive traffic — and hopefully sales — to each other's businesses. "It was really just a joint marketing and sales tool for us to help get through what was a really tough time with a lot of uncertainty in April of this year," Cangi said. "And it was really successful." For the brands, it did what it was supposed to do: give them a lift at a much-needed time. But for consumers, it was also a plus, by introducing them to new brands that held similar values to the ones they already bought from, according to Cangi. After the initial sale's success, the companies started talking about working together again, and thus, the effort was renamed the Mission Brand Alliance and a website launched to showcase the brands in July. more at: https://www.retaildive.com/news/why-20-brands-are-sending-out-a-joint-holiday-catalog-this-season/591499/
Utah State University’s Outdoor Recreation Archive (ORA) currently encompasses around 3,000 outdoor catalogs from around 200 companies, ranging from a 1905 Abercrombie & Fitch catalog to a 2020 Altra Running catalog. Created as a joint effort between Utah’s State University’s Special Collections & Archives and the Outdoor Product Development and Design undergraduate program, the ORA is, in simple terms, a research collection of outdoor recreation history. And yet the seemingly niche academic project happens to fit perfectly with the ever-growing popularity of the outdoor style in contemporary fashion. 2020 saw the outdoor aesthetic boom in even greater popularity, with notable collaborations such as the Salehe Bembury x New Balance 2002 sneaker, the Greater Goods x Arc’teryx Artist Series, the Palace x Salomon XA COMP ADV sneaker taking center stage. The physical collection, initially launched back in March 2019, is currently housed at the University and a digital exhibit lives on Utah State’s library website for anyone to access. The ORA has also taken to exhibiting the archive on Instagram, launching an account in September later that year to reach a wider, non-academic audience and help grow interest around the history of the outdoor industry.
Arandell Holdings, Inc. announced that it has finalized an agreement approved by the U.S. Bankruptcy Court for the District of Delaware that calls for Saothair Capital Partners to invest in the business, clearing the way for emergence from Chapter 11 of the U.S. Bankruptcy Code. “Saothair’s investment is a testament to the overall strength of our business model and market position,” said Brad Hoffman, President and CEO of Arandell. “We’re excited to complete the process and move forward as a company, continuing our recent growth into 2021 and beyond.” Under the agreement, an affiliate of Saothair, a private equity firm based in the Philadelphia area, will become the controlling shareholder of the Company’s business and assets.
Atlas Holdings announced that it has completed its acquisition of substantially all of the assets of LSC Communications, Inc. The transaction concludes a court-supervised sale process, pursuant to Section 363 of the U.S. Bankruptcy code. LSC is the largest producer of books in the United States and a leading manufacturer and distributor of magazines, catalogs and office products. With more than 14,000 dedicated associates across more than 50 facilities, the company is organized around four business segments, Magazine, Catalog & Logistics, Books, TOPS Products and its Mexico Print operations, which collectively service the traditional and digital print, printrelated services and office products markets. LSC begins its new chapter with a strong balance sheet, an optimized manufacturing footprint and a more competitive cost structure. As a leaner and more efficient organization, LSC is positioned to continue investing in innovation and sustainable growth with the support of Atlas’ financial strength and sector knowledge.
For the US Postal Service, 2020 has hardly ever been a dull moment. As if the stormy tenure of new Postmaster General Louis DeJoy, the controversial service changes and their impact on mail-in voting, the barrage of Covid-fueled package volume, and the plunge in letter and flat mail volume weren't all enough, on Nov. 30th, the Postal Regulatory Commission issued its final review in its 10-year review of postal rate-making. As we've been warning, it's potentially catastrophic news for catalog mailers, as future postage rates for flats could skyrocket. That potentially game-changing news came less than two weeks after the USPS announced a significant shake-up in its executive ranks. And all of this comes on the eve of another postal rate hike taking effect in late January. In a 60-minute web meeting on Tuesday, December 15th at 1:00 pm EST, the ACMA will host a panel of experts to not only dig into what's taking place but also what you as a merchant can do going forward. Register at: https://us02web.zoom.us/meeting/register/tZUtd-2uqDIqH90u-NsYNBS7_KqUq6SOL7OX Moderated by ACMA President & Executive Director Hamilton Davison (below left), the panel will also include Matthew Field (center). A partner with Venable LLP, Mr. Field is a knowledgeable regulatory counselor and skilled litigator who represents clients in highly regulated industries with extensive experience in postal and energy regulation. He'll be joined by ACMA's Postal Economist Robert Mitchell (right). Mr. Mitchell's career in postal affairs dates back more than 45 years. He had a lengthy tenure as principal economist with the USPS, then become special assistant to the Commission at the then-Postal Rate Commission. Over the past 18 years, he has served as a postal consultant, the last 12 advising the ACMA. Members of ACMA's Postal Committee will also be on hand. There are a limited number of spots available for this webinar (via Zoom meeting) so register soon. All ACMA members are welcome. Non-members are eligible, but pending demand levels, some registrations may be declined in favor of members and will be taken in order received so register now.
Double-digit gains in the adult categories helped boost print unit sales 8.7% in the week ended Nov. 28, 2020, over the comparable week in 2019, at outlets that report to NPD BookScan. Print unit sales jumped 22.2% over the week ended Nov. 30, 2019, in the adult nonfiction category, led by Barack Obama’s A Promised Land, which sold about 410,000 copies in its second week. The top new title in the category was Modern Warriors by Pete Hegseth, which sold more than 30,000 copies. Three new releases contributed to the 13.5% increase in unit sales in the adult fiction category: Ready Player Two by Ernest Cline was #1, selling 99,000 copies; next was Deadly Cross by James Patterson, which sold more than 42,000 copies, followed by The Awakening by Nora Roberts, which sold a little more than 27,000 copies. Print units increased 29.1% over 2019 in the YA category.
Amcor has launched Eco-Tite® R in Europe, the first designed to be recycled, PVDC-free shrink bag for fresh and processed meat, poultry and some cheeses. Amcor Eco-Tite® R is designed to maximise shelf-life, maintain food safety, reduce food waste and can be recycled in existing polyethylene (PE) plastic recycling streams.* This means that more consumers will be able to recycle their meat, poultry and cheese packaging, while enjoying the benefits of longer lasting food. “Through our packaging expertise and commitment to sustainability, the team has overcome a challenge for the industry; developing a high performance shrink bag that’s PVDC-free and recyclable, while maintaining food safety. This is a great step-forward for consumers and an example of how the removal of problematic materials from packaging – something the industry is increasingly focussed on delivering – can provide us with safe, secure and recyclable packaging,” said Rosalia Rosalinova, Marketing Manager for Meat and Fresh Produce at Amcor. Amcor Eco-Tite® R is a multi-layer, mono-PE packaging which maintains a high barrier to oxygen and water vapour even when exposed to high-moisture environments, such as cooler cases and refrigerators.
International technology Group ANDRITZ recently completed successful replacement and start-up of the PM5 Yankee hood at Cascades Tissue Group’s tissue mill in Eau Claire, Wisconsin, USA. The ANDRITZ PrimeDry Hood is specially designed for low energy consumption and long durability. With this upgrade, production output of the PM5 – a medium-speed tissue machine for dry-crepe tissue with a 12 ft. Yankee – has increased remarkably while reducing specific gas consumption by the hood. Due to the energy savings achieved, Cascades Tissue Group Wisconsin was awarded the 2020 Energy Efficiency Excellence Award by FOCUS ON ENERGY®, Wisconsin’s energy efficiency and renewable energy resources program. This program encompasses 107 utilities across the state, with the goal of providing expertise and financial incentives to residents and businesses to reduce energy consumption or increase energy efficiency.
Meredith Corporation's Southern Living reports that its December issue ad revenue is up 51% from last year, its monthly year-to-date audience across digital, print and online has averaged 25.5 million, up 2% from 2019 (AAM, Sept. 2020) and its website experienced its highest trafficked November in its history with nearly 19 million visits, up 23% year over year. The December issue, on newsstands now, marks the 25th year of the brand's popular annual holiday white cake cover and feature story. Continuing to advance the brand's momentum, Southern Living will introduce enhanced paper stock, along with a refreshed design, beginning with the January/February 2021 issue. A new front-of-book section called "In Season" will debut to reflect readers' passionate interest in seasonal moments, experiences and celebrations, and a range of new columns will roll out in various issues throughout the year covering topics ranging from home and cooking to travel and beauty. Doug Olson, President of Meredith Magazines, said, "Southern Living's success underscores the brand's resonance with people across the South and beyond. The brand's rich heritage coupled with its modern take on the Southern lifestyle continues to appeal to marketers seeking the right environment to reach engaged consumers across the country. With our investment in improved paper, we're excited to provide an even better reader experience."
For the Third Quarter of Fiscal 2020 *Net sales decreased 7.8% to $1.6 billion compared to $1.7 billion in the third quarter of fiscal 2019 due to the impact of COVID-19. *Comparable sales (sales for stores open at least 14 months, including stores temporarily closed due to COVID-19, and e-commerce sales) decreased 8.9% compared to an increase of 3.2% in the third quarter of fiscal 2019. In the third quarter of fiscal 2020, transactions declined 15.4% and average ticket increased 7.6%. *Gross profit decreased 12.5% to $545.5 million compared to $623.4 million in the third quarter of fiscal 2019. *Tax rate increased to 25.1% compared to 23.1% in the third quarter of fiscal 2019. The higher effective tax rate is primarily due to less investment tax credits received. *Net income was $74.8 million compared to $129.7 million in the third quarter of fiscal 2019. Adjusted net income was $92.5 million compared to $128.6 million in the third quarter of fiscal 2019. For the First Nine Months of Fiscal 2020 *Net sales decreased 22.4% to $4.0 billion compared to $5.1 billion in first nine months of fiscal 2019 due to the impact of COVID-19.*Comparable sales decreased 23.8% compared to an increase of 5.4% in the first nine months of fiscal 2019. During the first nine months of fiscal 2020, transactions declined 30.1% and average ticket increased 9.0%. *Gross profit decreased to $1.2 billion compared to $1.9 billion in the first nine months of fiscal 2019. *Net income was $4.3 million compared to $483.2 million in the first nine months of fiscal 2019.
*Total net sales were $140.3 million, a decrease of $14.5 million or 9.4%, compared to $154.8 million last year. -Net sales from physical stores were $104.6 million, a decrease of $27.5 million or 20.8%, compared to $132.1 million last year. -Net sales from e-commerce were $35.7 million, an increase of $13.0 million or 57.3% compared to approximately $22.7 million last year. *Gross profit was $40.7 million, or 29.0% of net sales, compared to $47.2 million, or 30.5% of net sales last year. *Net income was $2.1 million, or $0.07 per diluted share, compared to $6.4 million, or $0.21 per diluted share, last year.
Urban Outfitters, Inc. announced the promotion of Melanie Marein-Efron, the Company’s Executive Director of Corporate Development and Finance, to Chief Financial Officer, effective December 2, 2020. “I am pleased to announce Melanie’s promotion to be our new Chief Financial Officer, and I welcome her to our Executive Leadership Team,” said Richard A. Hayne, Chairman and Chief Executive Officer. “I am confident Melanie will approach her new role with the same energy, dedication and thoroughness she has displayed since joining URBN eight years ago,” finished Mr. Hayne.
Stora Enso is investing EUR 14 million to build a granulation and packing plant for lignin, allowing easier packing and handling of lignin compared to powder and wet form. According to Stora Enso’s strategy, lignin is one of the key innovation areas for delivering growth on new applications, such as energy storage, binders and carbon fiber. The granulation plant will be located at Stora Enso’s Sunila Mill in Finland. Lignin is one of the main building blocks of a tree. Today, the lignin produced at Sunila Mill, Lineo™ by Stora Enso, is delivered as a dusty powder or as wet lignin. It is used, for example, as a phenol replacement in adhesives, as a bio-based natural binder replacing bitumen in asphalt, and in bioplastics. In the future, it can be used as a source of biocarbon in energy storage systems such as batteries for electric vehicles, as bio-based binders in plywood and as material for carbon fiber.
Corrugated board is traditionally used for packaging to protect berries and fruit throughout the production chain. However, the added value it can give to sales recognition and branding goes even further. Metsä Board, part of Metsä Group, and DS Smith have implemented a modern and top-quality berry box together with their partner network. The packaging is printed using process colour and Full HD technology, which has reduced ink consumption while enabling exceptionally high image quality and bright colours.“The design of the packaging did not use vector graphics commonly used in berry boxes, instead a photo-based multicolour print was printed on the corrugated board. This process was extremely demanding, and required a high-quality coated white kraftliner,” says Ville Laiho from DS Smith, the packaging producer. The EB-flute corrugated board packaging was made using MetsäBoard Pro WKL 175 g/m² as topliner. The berry box is safe for direct contact with food thanks to material made of fresh fibres. In addition, a package made of fresh fibres withstands humid conditions better than a package made of recycled fibres. On the way from the field to the consumer, the moisture conditions can vary considerably, the packaging must therefore protect the product throughout the chain. After use, the corrugated box is also easy to recycle.
FedEx Corp. announced that it has agreed to acquire ShopRunner, the e-commerce platform that directly connects brands and merchants with online shoppers. ShopRunner’s capabilities will complement and expand the FedEx e-commerce portfolio and are expected to create increased value for brands, merchants, and consumers. The parties anticipate the acquisition to close by the end of the calendar year, and it is subject to customary closing conditions, including regulatory approval. ShopRunner connects more than 100 brands and merchants to millions of consumers and offers a seamless shopping experience from inspiration through delivery. Members enjoy benefits including free two-day shipping, free returns, member-exclusive discounts, and seamless checkout. ShopRunner’s data-driven marketing and omnichannel enablement capabilities also help brands and merchants acquire high-value customers and accelerate their digital innovation by using ShopRunner’s e-commerce platform.
The all-important post-Thanksgiving holiday sales period got off to a subdued start at bookstores around the country this year. As expected, foot traffic was light. The National Retail Federation reported the number of in-store shoppers fell 37% on Black Friday compared with last year while the number of customers who shopped only online through the weekend and on Cyber Monday rose by 44% over 2019. Bookshop.org sold some approximately $2.3 million in books over the period from Friday through Monday, according to Andy Hunter, CEO of Bookshop.org. Unsurprisingly, Amazon.com reported it had its best period ever in the company’s history and noted on a blog post that among its bestselling items were several books, including Barack Obama’s A Promised Land (Crown) and The Deep End (Diary of a Wimpy Kid #15) by Jeff Kinney (Abrams/Amulet); both titles were also cited by nearly all the bookstores surveyed by PW. Other bestsellers at Amazon included Greenlights by Matthew McConaughey (Crown), A Time for Mercy by John Grisham (Doubleday), The Sentinel by Lee Child (Delacorte), and Rhythm of War by Brandon Sanderson (Tor), among adult books, as well as Grime and Punishment (Dog Man #9) by Dav Pilkey (Scholastic/Grafix) in the children’s category.
The holidays are here and e-commerce marketers are mapping out how to cope with the increased demand and competition this year will bring. To compound the seasonal rush, e-commerce continues to accelerate, and businesses are trying to plan ahead to jump-start their 2021 e-commerce sales. As they do, retailers are looking toward omnichannel strategies for targeted, personalized marketing to increase sales. But which channels and messages are proving to be the most engaging and effective sales drivers? Omnisend, an e-commerce marketing automation platform, recently released its Q3 stats report, highlighting the latest trends in marketing automation and channels like email, SMS and web push messages. From the report, one thing is clear: e-commerce businesses that can attract the right customers at the right time with the right message will thrive.
Amcor has developed a new hot-fill polyethylene terephthalate (PET) bottle for Colombia’s Nutrea/Frudelca’s breakthrough Frupro protein juice. The new beverage is the latest in a growing category that blends the benefits of natural juice with protein to appeal to health-conscious consumers. “We relied on Amcor as an important partner to deliver an innovative packaging solution that meets the performance test of this new functional beverage,” said Alejandor Gaviria, General Manager of Frudelca. Nutrea/Frudelca is a joint venture between Frudelca, a leading juice supplier, and Nutrea, a food and beverage company. Amcor is a pioneer in the development of PET heat-set technology, which allows beverages to be filled at temperatures up to 185°F (85°C) to ensure product quality and extended shelf life.
While there is no evidence of virus transfer from cardboard, the easily identifiable touch-safe zones can be applied at scale across a range of industries and applications meaning the anti-viral and anti-bacterial packaging provides an additional layer of protection as consumers and workers throughout the supply chain remain wary. Not surprisingly, the importance of products ‘packaged in hygienic packaging’ among consumers with more than half (57%) saying they wash their hands thoroughly after touching e-commerce packaged products and 30% throw packaging away more quickly. DS Smith’s research, conducted with Ipsos MORI, suggests packaging hygiene will continue to be a priority in years to come. The new patented technology is effective across a range of bacteria and viruses including envelope viruses, of which COVID-19 is a member.
"This is the largest investment that the MM Group has ever made in Austria", describes MM CEO MMag. Peter Oswald describes the comprehensive renovation and expansion program for the Austrian MM Karton mill in Frohnleiten in the years 2021-2022 Million euros are invested in sustainability, digitization and capacity expansion to secure the future using the latest technologies. Innovative, fully digitized processes will significantly increase the efficiency of waste paper processing and at the same time reduce the specific consumption of energy and water. The latest production technologies in cardboard manufacture increase product quality and capacities as a prerequisite for further uses of recycled cardboard, for example as a substitute for plastic. Highly automated logistics will significantly accelerate the movement of goods.
Following close consultation with exhibitors and partners, the 2021 edition of drupa, the world’s leading trade fair for printing technologies, will be cancelled due to the impact of the COVID-19 pandemic. The next event will take place as scheduled from May 28 – June 7, 2024 in Düsseldorf, Germany. To maintain the momentum until then, the organizers will offer “virtual.drupa”, a four-day digital event from April 20 – 23, 2021 during the time frame drupa was originally scheduled for. “The pandemic has caused great uncertainty among exhibitors and visitors regarding participation in drupa 2021. Travel restrictions and budget pressure have increasingly intensified the situation in the print industry," explained Erhard Wienkamp, Managing Director of Messe Düsseldorf. “We have made this decision together with our partners who support this step. It was preceded by a detailed process of considering the current conditions and the needs of the industry.”
The energy-efficient tissue machine has a design speed of 1,300 m/min and a paper width of 2.85 m and produces high-quality tissue grades made of either 100% virgin or 100% deinked pulp (DIP). It is equipped with a 15 ft. steel Yankee with a PrimeDry Hood COMBO from ANDRITZ Novimpianti. The innovative hood design – a pressurized wet chamber heated with steam and a special dry chamber – enables highly efficient drying while saving energy. The scope of supply includes a separate DIP line (to be started up this month), a stock preparation system for LBKP/NBKP market pulp, an approach flow system, a fiber recovery and broke handling system, machine clothing by ANDRITZ Fabrics and Rolls, basic and detailed engineering, as well as process pumps for water and pulp. The entire line is equipped with an ANDRITZ PrimeControl automation package and an advanced multi-motor drive system.
Sappi Limited announced that Marco Eikelenboom (53), currently Vice President Marketing & Sales, Graphic Papers at Sappi Europe, has been appointed as CEO of Sappi Europe as from 1 April 2021. Marco Eikelenboom succeeds Berry Wiersum (65), a 40-year veteran of the industry in Europe, who will retire at the end of March 2021. Berry Wiersum joined Sappi as CEO of Sappi Europe, a position he held for 14 years. Commenting on the retirement of Berry Wiersum, Steve Binnie, Chief Executive Officer of Sappi Limited said: “I would like to thank Berry for his significant service to Sappi during his 14 years with the company and for the support he has shown me as CEO. He is an outstanding leader both for the company and for the industry. His tenure saw massive changes as we made significant acquisitions, invested in machine rebuilds, restructured and refocused the business, all to ensure that Sappi could respond to and take advantage of the changes which were occurring. Most recently he also led Sappi Europe’s response to the Coronavirus pandemic. He and his team responded to each one with alacrity.”
National Average Price for Regular Unleaded Current: $2.164; Month Ago: $2.119; Year Ago: $2.596. National Average Price for Diesel Current: $2.441; Month Ago: $2.363; Year Ago: $3.008.
American Dollar to Canadian Dollar = 0.777646; American Dollar to Chinese Yuan = 0.153083; American Dollar to Euro = 1.215643; American Dollar to Japanese Yen = 0.009617; American Dollar to Mexican Peso = 0.050393.
What a year! 2020 has been rough on a lot of people, and a huge catalyst for change. It’s changed where and how we work, how we talk to our customers, and especially the way customers shop and interact with brands as distance shopping has become critical. We wanted to take a minute to share the posts that our blog readers have visited the most in the past year. While not every article here was written in last year, their popularity proves that they are more timely and relevant than ever – even in the changing consumer landscape. see more at: https://www.jschmid.com/2020-reader-favorites/
Pearson announced that Mike Howells will become its new Chief Strategy Officer to further strengthen its focus on building a direct, lifetime relationship with learners around the world and to enhance its partnerships with learning institutions globally. Mike will further strengthen Pearson’s global corporate and educational partnerships as the company aims to expand and enhance its direct-to-consumer offering. He will be based in London and will work with the executive team and Board to shape and execute the plan for the business, reporting to Andy Bird, Chief Executive.
International Paper announced a plan to pursue a spin-off of the Company's Printing Papers segment into a standalone, publicly traded company. The transaction will result in two streamlined, leading companies well positioned for long-term success. Upon completion of the transaction, International Paper and SpinCo will each be well positioned to create long-term value. The Company expects the separation to be tax-free for the Company's shareowners for U.S. federal income tax purposes and plans to complete the spin-off late in the third quarter of 2021. SpinCo intends to raise debt in order to pay a dividend to International Paper, which will be used to pay down outstanding debt. Upon completion of the spin-off, Jean-Michel Ribiéras, currently senior vice president, Industrial Packaging, will become the chief executive officer of the new company, which we will refer to as SpinCo until the company establishes its own corporate identity.
Costco Wholesale Corporation reported net sales of $15.67 billion for the retail month of November, the four weeks ended November 29, 2020, an increase of 15.1 percent from $13.62 billion last year. For the twelve-week first quarter ended November 22, 2020, the Company reported net sales of $42.35 billion, an increase of 16.9 percent from $36.24 billion last year. For the thirteen weeks ended November 29, 2020, the Company reported net sales of $46.33 billion, an increase of 16.0 percent from $39.95 billion during the similar period last year.
ePac is excited to announce the creation of their newest location in Ghana. ePac Ghana is now taking orders and will have all orders fulfilled by ePac UK Silverstone while the Ghana location is being built. “We are fortunate to have a partner in Ghana with all the qualifications we look for when opening a new ePac location. Victor brings a multitude of talents to ePac, cares deeply about the community, and is committed to helping local brands grow. This is precisely ePac’s mission across the globe”, commented Jack Knott, ePac’s CEO.
Sun Chemical has further enhanced its online troubleshooting guide by adding potential solutions to common pressroom challenges in coldset and metal package printing processes. After choosing the printing process, the mobile-friendly website uses both photos and defect terms (dot gain, pinholes, feathering, comets, etc.) to help the press worker, while in the pressroom, identify which technical problem they are facing. They can either read the solution provided by Sun Chemical to resolve their particular challenge using their smartphone or can use a print function tool for a clean review of the problems/solutions on paper—whatever option is most convenient for them. Sun Chemical’s troubleshooting website has translations in Italian, Spanish and Turkish and can be accessed easily from Sun Chemical’s Ink + Pressroom section of its website.
BASF and the Swedish packaging material manufacturer BillerudKorsnäs have developed a unique home-compostable paper laminate for flexible packaging. It can be used to produce wraps with individually adjusted barrier properties e.g. for cookies, ice cream, cereal bars and dairy items as well as wrappers for fish, meat and cheese freshly sold in supermarkets. And it is a solution that meets today’s requirement for sustainability by being organically recyclable. The multi-layer laminate consists of three basic components: BillerudKorsnäs‘ paper ConFlex® Silk, a sealing layer made of BASF’s certified home compostable and partly bio-based biopolymer ecovio® and BASF’s water-based adhesive Epotal® Eco 3675 X. All components are certified home-compostable according to official European certification schemes for home-composting. The laminate contains a high share of renewables and extends the end-of-life options for multi-layer flexible packaging by being organically recyclable. The new home-compostable solution has the same performance features as conventional multi-layer packaging: it is puncture resistant, shows a good printability, excellent heat-seal properties and can be processed on standard packaging machines.
We’re proud to be a part of the communities where our employees live and work, including Plymouth, North Carolina. Our Plymouth Mill has played an important role in this historic mill town, driving the economy as the area’s largest employer and changing with the times. It also offered an area first in leadership diversity. The Plymouth Mill was originally known as the North Carolina Pulp Co. It was built in 1937 by brothers John W. and Herbert Kieckhefer of the Delair, New Jersey-based Kieckhefer Container Co. The mill and the mill town grew throughout the 1940s as Keickhefer Container Co. expanded across the United States to keep up with increasing demand. In 1957, the company merged with Weyerhaeuser, and by the 1970s, the Plymouth Mill had grown into one of Weyerhauser’s largest east coast operations — a fully integrated five-machine facility manufacturing a wide range of products, including fine paper, fluff pulp and corrugated medium.
Sappi North America, Inc., a leading producer and supplier of diversified paper, packaging products and pulp, has been awarded a platinum score in the latest EcoVadis rating, alongside the company's regional counterparts Sappi Europe and Sappi Southern Africa. EcoVadis is a leader in third-party evaluations of business sustainability performance, and its platinum medal is only awarded to those companies who score in the top 1% for sustainability practices. "We are very pleased to see improvement in all four categories," said Sandy Taft, Director of Sustainability at Sappi North America. "We are developing new strategies and processes to improve even further upon these results next year."
SCA is changing the name of its business area Paper to business area Containerboard as of January 1, 2021. Following the discontinuation of its publication paper operations during the first quarter, SCA’s paper production will consist solely of packaging paper, a product with a stable and growing demand. SCA’s business area Containerboard will then comprise of the paper mills of Munksund, near Piteå, and Obbola, near Umeå (both in Sweden). Together, they have a production capacity of just over 850,000 tonnes. SCA is currently investing SEK 7.5bn in the Obbola paper mill, which will increase SCA’s containerboard capacity to 1,140,000 tonnes and further strengthen SCA’s position as a leading supplier of kraftliner on the European market.
Meredith Corporation announced that Catherine Levene has been named National Media Group (NMG) President, effective immediately. Meredith's National Media Group reaches nearly 95 percent of all U.S. women and more than 190 million unduplicated American consumers every month through iconic brands such as PEOPLE, Better Homes & Gardens, Allrecipes, Southern Living, and REAL SIMPLE. Meredith's premium digital network reaches more than 150 million consumers each month. The company is the No. 1 U.S. magazine operator with 36 million subscribers and the No. 2 global licensor with robust brand licensing activities that include a Better Homes & Gardens partnership with Walmart. Levene, 50, currently serves as the NMG's Chief Digital Officer. In her new role, she will oversee all NMG activities, including its Digital, Magazine (led by Doug Olson), and Consumer Products (led by Tom Witschi) businesses. Levene will report to Meredith Chairman and CEO Tom Harty.
At Lecta, we are reaffirming our commitment to sustainability by moving towards developing innovative solutions that contribute to reducing our environmental impact and encouraging the circular economy. For this reason, we have substituted the polyethylene film layer with a functional protective barrier, resulting in a 100% plastic-free soft-wrap paper guaranteed to protect the product in optimum condition thereby ensuring the correct storage of Adestor self-adhesive products. With this action, we contribute to an annual reduction of 27 tons of consumed plastic and its equivalent 94,5 tons in CO2 emissions, according to official carbon footprint calculations defined by www.ciel.org (Center for International Environmental Law). Lecta's new soft-wrap paper is 100% recyclable and meets the current EN:13430 standard for recoverable containers and packaging. Moreover, the new soft-wrap paper for Adestor ream-wrapped sheets is FSC® C011032 certified, guaranteeing that our paper is manufactured with cellulose from responsibly managed forests.
UPM has completed the employee consultation process started in October on its plans to improve efficiency in global functions. UPM increases efficiency of its global functions by reorganising and streamlining the functions’ operations in five countries. This will decrease the number of positions in the functions by 67, of which 46 in Finland. UPM has also concluded the consultations regarding the reorganisation and restructuring at the Finnish pulp mills and UPM Forest that were announced in August. The consultations led to a reduction of 80 jobs in the Finnish pulp operations and 55 in UPM Forest.
Kohl’s and Sephora announced a long-term strategic partnership to create a new era of elevated Beauty at Kohl's, marrying Kohl's expansive customer reach and omnichannel convenience with Sephora's prestige service, product selection and exceptional beauty experience. "Sephora at Kohl's" will be a fully-immersive, premium beauty destination, designed within a 2,500 square foot space and prominently located at the front of the store. When the first 200 locations open in Fall 2021, the Kohls.com online beauty selection will also convert to exclusively showcase an expanded assortment of Sephora's prestige product offerings. The partnership will expand into at least 850 stores by 2023, offering an expansive footprint, a wide-reaching customer base and unmatched visibility for Sephora’s brand partners within the prestige environment in which they thrive. Sephora has 500 of its 2,600 stores in the Americas and Kohl's has more than 1,150 locations in 49 states, serving 65 million customers, with very limited overlap between the two store networks.
U.S. book publishing’s biggest trade show is being “retired,” show organizer ReedPop announced today. BookExpo, along with BookCon and Unbound, will not be held in 2021 after being canceled in 2020 due to the pandemic. ReedPop, the pop culture event–focused subdivision of Reed Exhibitions, said that, given the “continued uncertainty surrounding in-person events at this time,” the company has decided “that the best way forward is to retire the current iteration of events as they explore new ways to meet the community’s needs through a fusion of in-person and virtual events.”
Beginning Dec. 4, Walmart is expanding the benefit list of Walmart+. Just in time for the holidays, Walmart is removing the $35 shipping minimum for Walmart.com orders for its members. This new benefit paired with free unlimited deliveries of groceries and more from Walmart stores makes the retailer’s membership program even more comprehensive. “It feels like a life hack is needed now more than ever, and Walmart+ is here to help,” said Janey Whiteside, chief customer officer, Walmart. “No other membership allows customers across the country to get everything from gingerbread cookies and eggnog to holiday decorations and toys delivered for free as soon as the same day. Walmart+ is designed to make life easier – giving customers an option to not have to sacrifice on cost or convenience.” Walmart+ members will receive free next-day and two-day shipping on items shipped by Walmart no matter the basket total.
Supremex Inc. announced a plan to further optimize its Canadian envelope operations by reducing expenses and improving resource allocation. Supremex will be closing its Edmonton facility and reducing its Canadian envelope facility headcount by a total of 39 employees, or approximately 5% of its total workforce. These measures will result in annual cost reductions of approximately $2.4 million, before taxes, which will begin to materialize in the current quarter and throughout the first three quarters of 2021 as operations wind down in Edmonton. A one-time charge of approximately $2.5 million, before taxes, will be recorded in the Company’s 2020 fourth quarter results.
TC Transcontinental announces the appointment of Eric Morisset as Chief Development Officer effective today, December 1, 2020. Based in Montréal, Mr. Morisset will report to François Olivier, President and Chief Executive Officer of TC Transcontinental, and will be part of the Executive Management Committee. Since 2018, the role of Corporate Development Officer had been held by Sam Bendavid, who was appointed earlier this year as Senior Vice President, TC Transcontinental Advanced Coatings and Procurement within TC Transcontinental Packaging. Mr. Morisset will be responsible for the Corporation’s M&A strategy and all aspects of acquisitions, divestitures and partnerships, as well as for overseeing company strategy. “We are extremely pleased to welcome Eric Morisset as Chief Development Officer at a time when, with our solid financial situation, we are well positioned to pursue growth opportunities through strategic, targeted acquisitions,” said François Olivier, President and Chief Executive Officer of TC Transcontinental. “Passionate about building and growing businesses, Eric is an accomplished senior executive who comes to us with a stellar background and extensive M&A and capital markets experience.”
Metsä Board has on 1 December 2020 signed an agreement to sell a 30 percent stake in its Husum pulp mill in Sweden. The buyer is the Swedish forest owners’ cooperative (ekonomisk förening) Norra Skog, with whom Metsä Forest Sverige, responsible for Metsä Board’s wood procurement in Sweden, has simultaneously entered into a long-term wood supply agreement. The amendment to the environmental permit for the Husum mill has been approved, and Metsä Board has made the final investment decision on the first phase of the pulp mill renewal. The first phase of the investment includes a new recovery boiler and turbine and its total value is approximately EUR 320 million. Expected start-up for the new recovery boiler and turbine will be in H1 2022. The valuation of the Husum pulp mill (enterprise value) to be applied in the transaction at the time of closing is approximately EUR 875 million, including the completion of the ongoing recovery boiler and turbine investment. The valuation corresponds to a value of approximately EUR 1.2 billion after the completion of the second phase of the pulp mill renewal, i.e. the new fibre line. The transaction will decrease Metsä Board’s net debt by approximately EUR 260 million at the time of closing, and additionally reduce Metsä Board’s financial contribution in the second phase of the pulp mill renewal by approximately EUR 100 million. The closing of the transaction is expected to be in January 2021.
Hearst UK recently announced that women’s lifestyle magazine Prima would increase its print edition from 12 to 13 issues a year, following a 68% surge in subscriptions this year. This week, we talk to Prima’s Editor Jo Checkley about what factors led to the decision to increase the frequency of the magazine, how their content has encouraged a community feel among their readers, and what lessons they’ll be taking from producing magazines in lockdown. Jo also outlines what she’s done to keep her magazines thriving during her career despite tough market conditions for women’s titles. In the news roundup the team discusses Future Plc’s resurgent fortunes and purchase of GoCompare, the UK government’s attempts to create a competition regime to tackle the ‘fundamental imbalance of power’ between platforms and publishers, and Spotify launching a Stories copy. Esther is a meerkat.
Everyone’s favorite scrumptious holiday, National Cookie Day, is on December 4 and Cheryl’s Cookies® and Harry & David® are celebrating in delicious ways. From seasonal flavors and festive gift ideas, to creative ways to enjoy these gourmet delights in the comfort of home – cookies are the ultimate sweet treat. *Everyone can savor the season with holiday favorites from cocoa sugar and black cherry chocolate to gingerbread and dark chocolate-covered peppermint – these cookies will excite taste buds all around. *The countdown to Christmas begins with the brand new and exclusive Advent Calendar Cookie Box – the tastiest way for families to connect with one another and be merry. *The magic of cookies can be delivered right to loved ones’ doorsteps with endless delicious gift ideas. For the little ones, send a buttercream frosted cut-out cookie card or elevate reading time with a big book of Christmas cookies. Big kids can also enjoy a sweet surprise with a ceramic station wagon cookie jar and a tower of cookies. *Cookie artisans can reinvent the traditional cookie platter by crafting an Instagram and Pinterest-worthy holiday cookie board. Using gourmet cookies as the foundation, this dessert tray can be personalized with a variety of shapes, sizes and colors.
In Order No. 4257, which examined the current ratemaking system, the Commission identified three principal areas of the PAEA system that encapsulate the nine objectives: (1) the structure of the ratemaking system; (2) the financial health of the Postal Service; and (3) service. The Commission concluded that the system had achieved some of the goals of these areas, but the overall system had not achieved the objectives taking into account the factors of the PAEA. In brief, the Commission’s findings were as follows: *The system was largely successful in achieving the goals related to the structure of the ratemaking system. However, the Commission concluded that the ratemaking system had not increased pricing efficiency. *The system had not maintained the financial health of the Postal Service as intended by the PAEA. While the Postal Service had generally achieved short-term financial stability, both medium-term and long-term financial stability measures had not been achieved. *High-quality service standards had not been maintained during the 10 years following the enactment of the PAEA.
Sonoco announced it has completed the divestiture of its Europe contract packaging business to a subsidiary of Prairie Industries Holdings, a Wisconsin-based contract packaging and contract manufacturing firm backed by The Halifax Group, a Washington, D.C.-based global investment firm, for $120 million in cash. Sonoco’s Europe contract packaging business produced net sales of approximately $300 million in 2019 and provides full-service custom packaging and supply chain management solutions to global consumer product goods companies through six contract packaging facilities in three locations and a warehouse all in Poland. The business has been part of Sonoco’s Display and Packaging segment and has approximately 2,600 employees. The divestiture is part of Sonoco efforts to simplify its operating structure to focus on growing its core Consumer and Industrial packaging businesses.
Canada is home to among the most-sustainably managed forests in the world, global leading forestry innovation and product development, and a workforce that is 230,000 strong and committed to driving a green recovery that will lift rural and northern Canada up. Today, our industry has 140 capital investment projects across the country that are ready-to-go – worth over $1.5 billion. These projects can safeguard and grow Canadian jobs, improve our ability to win on the global stage, and fast-track our move to a net-zero carbon economy by 2050. We look forward to working with the federal government to build a recovery that lasts and one that can chart a new and exciting path for our workforce and forestry communities across the country.”
Mondi will open its new state-of-the-art paper bags plant in Cartagena, Colombia in January 2021. It will be Mondi’s first operation in South America, reinforcing the group’s strength as a global paper bags supplier with a wide local footprint. The new plant will enable Mondi to improve and grow its services to better serve customers in the region. South America is home to more than 250 cement plants requiring up to two billion cement bags per year. Cartagena is a strong location for the new plant, set up in a free-trade zone with good access to ports in Panama, the east coast of the United States, the Gulf of Mexico and other Caribbean ports. "Our global network already includes 39 plants across 22 countries. We are excited to be expanding our footprint to Colombia, helping us to provide innovative, sustainable and customer-focused paper packaging solutions to customers in South America who share our commitment to quality." Claudio Fedalto, Chief Operating Officer Paper Bags, Mondi
Currently, the public discussion on Finnish forests often boils down to everyone being concerned about our carbon sinks. However, Finnish forest owners and Finnish forestry continuously take care of our carbon sinks by investing in forest growth through efficient regeneration and good forest management. Naturally, there is also room to improve. For the climate, the most important aspect of sustainable forest use is ensuring the growth of new forests. When forests are regenerated, it is important that the new trees begin to grow rapidly. This means that choosing correct, well-bred and high quality silvicultural material is important. The majority of the forest area that is annually regenerated, around 100,000 hectares, is established by either planting or sowing. Choosing the correct forest cultivation material is an easy and long-term method for impacting the growth of the new forest and its future tree yield. click read more below for additional information