The way people interact with brands is not as orderly or linear as a customer journey map seems to indicate – or a sales funnel, for that matter. I’m not implying that understanding, mapping and optimizing the customer journey, and your path to conversion isn’t mandatory – it is. But I am suggesting that it’s worth looking further in an attempt to understand the way actual, living, breathing, thinking humans experience your brand. As a human, I can attest that my journey from awareness to purchase and later repurchase is never linear or orderly. If we drill down to a closer view, we can talk about the cluster of interactions that are driven by something the customer did. Place an order? There’s a cluster of activity there. Visit the website? There’s a cluster of interactions there. Sign up for email? Ad cluster. more at source: https://www.jschmid.com/blog/look-inside-the-customer-journey/
Deluxe announced that it has finalized a long-term agreement with Truist Financial Corporation. This new agreement is anchored by Deluxe’s world class check products, while also expanding the ongoing relationship across the company’s four business segments. “We are very pleased that Truist is trusting Deluxe to deliver the latest innovations and technology to enhance the exceptional products and service its customers have come to expect,” said Barry McCarthy, President and Chief Executive Officer of Deluxe. “This is a real validation of our One Deluxe approach, being able to provide a wide array of products and services from across all of our segments to our customers. Truist clearly understands that our goal is to collaborate on creating and finding solutions to help their entire portfolio.”
Stora Enso has completed the conversion of its Oulu paper mill for production of packaging board. The pulp mill has been in production since mid-January and the newly converted machine is in a start-up phase. The project began in May 2019 following a decision to invest EUR 350 million, and it was completed within the budget frame. The packaging machine will now be ramped up during the first quarter and is expected to reach its designed production capacity by the end of this year. The new line producing kraftliner will serve global customers in demanding packaging end-uses that require strength, purity and strong visual appearance features. The product, AvantForteTM by Stora Enso, has three fiber layers, making it the strongest kraftliner in Stora Enso’s portfolio. Packaging applications include fresh, fatty or moist food, as well as high-end e-commerce packaging. “Completing the Oulu Mill conversion is an important step in our transformation and responds to increasing global market demand for circular and eco-friendly packaging materials,” says President and CEO Annica Bresky.
Stora Enso has decided to permanently close its US-based Virdia operations during 2021. Virdia was acquired in 2014 and has focused on conversion of cellulosic biomass from sugar cane bagasse into refined sugars. The operations have consisted of a research centre in Danville, Virginia and a demo plant in Raceland, Louisiana, which will both be closed. The closure is in line with Stora Enso’s strategic choices in R&D to drive future growth and value creation from forest-based materials. Furthermore, today, the company’s innovation work focuses considerably more on applications further down the value chain instead of being a raw material supplier. There will be a stepwise process for discontinuing the operations and closing the sites during 2021. The employee impact will be approximately 65 Stora Enso employees and 18 contractors.
Q4/2020 (year-on-year) *Sales decreased by 10.7% to EUR 2 154 (2 411) million, due to structural changes, lower prices and volumes. *Operational EBIT was EUR 118 (124) million, lower sales were mitigated by efficient cost management. *Operational EBIT margin increased to 5.5% (5.1%). *Operating profit (IFRS) decreased to EUR 289 (680) million. *Cash flow from operations amounted to EUR 436 (725) million. Cash flow after investing activities was EUR 223 (518) million. *The net debt to operational EBITDA ratio was 2.3 (2.0). *Operational ROCE excluding Forest division was 4.6% (5.0%). Year 2020 (year-on-year) *Sales were EUR 8 553 (10 055) million, mainly due to lower volumes and prices, and structural changes. *Operational EBIT decreased to EUR 650 (1 003) million, due to lower sales.
Book sales are still up following a hot start to 2021. Last week, unit sales of print books jumped 18% over the week ended January 25, 2020, at outlets that report to NPD BookScan. In the prior week, unit sales rose nearly 23% over 2020, resulting in a 22% increase in print sales through January 23 over the comparable period a year ago. Every major category had double digit increases last week. Those jumps were led by the young adult segments, where fiction rose 46.9% and nonfiction increased 48.5%. The top seller in fiction was We Were Liars by E. Lockhart, which sold nearly 15,000 copies, while Stamped by Jason Reynolds and Ibram X. Kendi topped the nonfiction list, selling about 4,100 copies.
OCTOBER 1 – DECEMBER 31, 2020 (compared with July 1 – September 30, 2020) *Net sales increased 6% to SEK 4,592m (4,338), mainly related to higher delivery volumes. *EBITDA margin increased to 30.0% (23.8).*Operating cash flow amounted to SEK 957m (1,118). JANUARY 1 – DECEMBER 31, 2020 (compared with January 1 – December 31, 2019) *Net sales declined 6% to SEK 18,410m (19,591). The fall in sales was mainly related to lower selling prices, which was partly offset by higher delivery volumes.*EBITDA margin of 24.1% (27.2). The decrease was mainly due to lower selling prices. *Operating profit amounted to SEK 1,145m (19,665). The difference was mainly due to one-off items from the discontinuation of publication paper operations in 2020 of SEK -1,694m and the changed accounting method for forest assets of approximately SEK 16bn in 2019. *Operating cash flow amounted to SEK 2,688m (2,916).
KEY HIGHLIGHTS *Sales volumes increased by 5% *Continued positive development of the ramp-up at Gruvön (KM7) *Cost and efficiency programme exceeding target *Strong operating cash flow *The Board of Directors proposes dividend of SEK 4.30 per share. Quarterly data *Net sales amounted to SEK 5 803 million (5 815). Excluding currency effects sales grew by 2% *Operating profit rose to SEK 163 million (103), including SEK 73 million revaluation gain in an associated company *Net profit from continuing operations was SEK 242 million (283)
UPM Raflatac is pleased to announce that the Association of Plastic Recyclers (APR) has recognized its PE and PP pressure sensitive label materials with general purpose acrylic adhesive for high-density polyethylene (HDPE) containers as meeting or exceeding the most strict APR HDPE Critical Guidance criteria for recyclability. Achieving this Critical Guidance Recognition is an important step in UPM Raflatac’s ongoing quest to label a smarter future beyond fossils. These white and clear PP and PE label materials combined with multipurpose acrylic adhesives are part of UPM Raflatac’s SmartCircle™ portfolio of labeling materials that enable recyclability of packaging and promote the circular economy. The Critical Guidance Recognition means the label materials are proven to be compatible with standard HDPE container recycling practices. They are suitable for a variety of end-uses, including food and home and personal care.
National Average Price for Regular Unleaded Current: $2.422; Month Ago: $2.250; Year Ago: $2.496. National Average Price for Diesel Current: $2.649; Month Ago: $2.554; Year Ago: $2.964.
American Dollar to Canadian Dollar = 0.781903; American Dollar to Chinese Yuan = 0.155547; American Dollar to Euro = 1.213661; American Dollar to Japanese Yen = 0.009550; American Dollar to Mexican Peso = 0.049477.
Bernie Chascin, plant manager at International Paper in Bogalusa, announced last week that the company plans to invest up to $52.2 million to increase the plant’s efficiency. The modernization program would upgrade the recovery boiler system, along with filtration, condenser and acid system enhancements in the papermaking process. IP operates a paper mill and an associated corrugated box plant in Bogalusa. The latest project would bring the company’s investment in capital upgrades at the mill to $487 million since the company purchased the site from Temple-Inland Inc. in 2012. International Paper has also increased the number of direct employees in Bogalusa from 411 to 492 during that time, a nearly 20 percent gain.
Total consolidated revenues increased 44.8 percent, or 271.2 million, to $877.3 million, compared with total consolidated revenues of $605.6 million in the prior year period, driven by ecommerce growth of 59.7 percent including revenue contributions from PersonalizationMall.com (“PMall”), which the Company acquired in August 2020. Excluding the contribution from PMall, total net revenues increased 24.7 percent and e-commerce net revenues increased 34.6 percent compared with the prior year period. Gross profit margin for the quarter increased 100 basis points to 45.4 percent, compared with 44.4 percent in the prior year period. Operating expenses as a percent of total revenues was 28.6 percent, compared with 28.0 percent in the prior year period. Excluding the impacts of the Company’s non-qualified deferred 401k compensation plan and one-time costs primarily associated with its acquisition of PMall, operating expenses, as a percentage of total revenues was 28.3 percent in the quarter. Net income for the quarter increased 53.3 percent, or $39.5 million, to $113.7 million, or $1.71 per diluted share, compared with net income of $74.2 million or $1.12 per diluted share in the prior year period. Adjusted net income for the quarter increased 54.1 percent, or $40.1 million, to $114.2 million, or 41.72 per diluted share.
2020 highlights *Sales decreased by 16% to EUR 8,580 million (10,238 million in 2019) due to lower deliveries of graphic papers and lower pulp and paper prices *Comparable EBIT was EUR 948 million, 11.1% of sales (1,404 million, 13.7%), down 32% year-over-year *Operating cash flow was EUR 1,005 million (1,847 million) *Net debt was EUR 56 million (-453 million) *Cash funds and unused committed credit facilities totalled EUR 3.2 billion at the end of 2020 *The COVID-19 containment measures significantly decreased demand for graphic papers, while UPM Raflatac and UPM Specialty Papers achieved record earnings *UPM's transformative pulp project in Uruguay and biochemicals project in Germany are well on track with the planned start-up timeline *Closures of UPM Kaipola and UPM Chapelle paper mills and UPM Jyväskylä plywood mill, streamlining in several businesses and functions
UPM moves forward with biofuels growth plans and starts the basic engineering phase of a next generation biorefinery. The potential biorefinery would have an annual capacity of 500,000 tonnes of high-quality renewable fuels including sustainable jet fuel. The products would significantly reduce carbon footprint in the road transport and aviation, as well as replace fossil raw materials with renewable alternatives in chemicals and bioplastics. “The planned biorefinery would scale up UPM’s successful biofuels business to a new level. At the same time, it would further improve long term competitiveness and sustainability performance of UPM Biofuels by introducing several sustainable feedstocks and achieving uniquely high CO2 emission reduction compared to biofuels currently in the market,” says Jyrki Ovaska, Chief Technology Officer of UPM. UPM’s solid wood biomass-based residues and side streams would play a substantial role in the feedstock pool. In addition, it would consist of sustainable liquid waste and residue raw materials.
Packaging Corporation of America reported fourth quarter 2020 net income of $124 million, or $1.30 per share, and net income of $127 million, or $1.33 per share, excluding special items. Fourth quarter net sales were $1.7 billion in both 2020 and 2019. Full year 2020 net income was $461 million, or $4.84 per share, and net income of $550 million, or $5.78 per share, excluding special items. Full year net sales were $6.7 billion in 2020 and $7.0 billion in 2019. In the Packaging segment, total corrugated products shipments with one less workday were up 9.9%, and shipments per day were up 11.7% over last year’s fourth quarter. Containerboard production was 1,174,000 tons, and containerboard inventory was down 13,000 tons from the fourth quarter of 2019 and up 40,000 tons compared to the third quarter of 2020. In the Paper segment, sales volume was down 80,000 tons compared to the fourth quarter of 2019, and down 17,000 tons from the third quarter of 2020.
The Association of American Publishers (AAP) announced today that its Directors have re-elected Brian Napack as Chairman of the Board for the 2021-2022 term, and elected Michael Pietsch as Vice Chairman. Mr. Napack, who is President and CEO of John Wiley & Sons, began his tenure as Chairman in September of 2020. Previously he served as AAP’s Vice Chairman since the beginning of 2020, and as a Board member since 2017. Mr. Pietsch is Chief Executive Officer of Hachette Book Group. He has served on the AAP Board since 2013. In addition, the Board elected Jeremy North, Managing Director for Books publishing at Taylor & Francis, to continue in the role of Treasurer. Rounding out the Board’s Executive Committee is Tim Bozik, President of Global Product and North American Courseware for Pearson, and AAP Chairman from 2019-2020.
Designed to enhance converters’ product portfolios, Mactac® Performance Adhesives Group announces the launch of an innovative new UV Inkjet semi-gloss paper product. Saving converters both time and money, the product, UVS9002, eliminates the potential need to prime prior to converting. “UVS9002 fills a gap in many converters’ portfolios,” says Sara Damante, Senior Marketing Manager, Mactac Performance Adhesives. “As the digital and UV space continues to grow, our team recognized a need for additional UV Inkjet products and the launch of this product will deliver great value to converters by increasing efficiencies and improving cost-savings.”
Mactac® Industrial Tapes announces its newest 100-percent solids, solvent-free performance product line – MacBond™ HSA440 Acrylic Tapes. Developed with Mactac’s innovative state-of-the-art adhesive technology, MacBond HSA440 Acrylic Tapes are environmentally and economically friendly. They are also highly versatile, meeting a wide range of requirements in applications such as: Mounting and bonding; Appliance; Nameplates and overlays; Graphic mounting and display assembly; Membrane switches; Medical device assembly; Automotive.
Effective immediately, Wade Brewer has been promoted to the position of Director of Manufacturing. Mr. Brewer has more than thirty-five years of print industry experience, ten of those with Ennis most recently as a Business Unit Director. He will continue to drive plant operations, as well as promote future growth. He will be responsible for all manufacturing operations. Kevin Johnston and Steve Reifel, the existing Business Unit Directors, will report to him. Effective February 1, 2021, Tony Orsello will be promoted to the position of Business Unit Director reporting to Wade Brewer. He will be relocating to the Corporate office in Midlothian, Texas. Effective February 1, 2021, Henry Schultz will assume the duties as General Manager for the Northstar Brooklyn Park facility replacing Tony Orsello. Mr. Schultz will drive the daily sales and production activities of Northstar and will report to Mr. Orsello as his Business Unit Director.
Turning our manufacturing byproducts into usable products is just one of the ways Domtar works to operate efficiently and responsibly. These efforts reduce costs, but they also can help balance soil chemistry and increase crop yields for local farmers. In addition, reusing byproducts keeps the material out of landfills. In 2019, we beneficially reused 67 percent of our pulp and paper manufacturing byproducts, compared to an industry average of 46 percent. Take, for example, our use of lime manufacturing byproducts to treat acidic wastewater. One mill’s “trash” is another mill’s “treasure.” Our Nekoosa and Rothschild mills have discovered a mutual benefit to the lime byproduct produced in the process of making pulp. The two mills, located about 50 miles apart in Wisconsin, use different processes for pulping, one of the earliest stages of papermaking. These processes leave Nekoosa with excess lime residuals and Rothschild with acidic wastewater. Click read more below for the rest of the article.
Solenis, a leading global producer of specialty chemicals, will increase prices by 5 to 20 percent on all sizing product lines across the EMEA and Asia Pacific regions, effective immediately or as customer contracts allow. The price increase is necessary due to inflation and availability of raw materials used in manufacturing our sizing product line, elevated freight and energy costs and regulatory compliance requirements. “We are unable to absorb the impact of the increased costs that we are currently experiencing but we will continue to work in partnership with our customers to help mitigate the increases,” said Jose Santolaya, director, EMEA marketing and product management. “Solenis remains committed to controlling costs through process improvements to deliver high-value, innovative solutions that our customers have come to expect.”
Crown Van Gelder starts production of Crown Letsgo 3rd generation grades as of 1 February 2021. The Crown Letsgo 3rd generation grades will bring visible quality improvements in the print result of presses operating with pigment inks and provide the opportunity to improve the Total Cost of Print by reducing ink consumption (5-12%) and save on drying energy*. Crown Van Gelder will switch production for the following grades: *Crown Letsgo Universal; *Crown Letsgo Matte; *Crown Letsgo Silk and Bright Silk, ColorPRO branded version. Inkjet paper makes perfect sense, even now “substrate independent” solutions are offered by press manufacturers. For anyone wanting best runnability on their press, there is no alternative to good quality inkjet paper.
Verso Corporation announced the appointment of Randy J. Nebel as President and Chief Executive Officer. Mr. Nebel has served as interim President and Chief Executive Officer since October 2020 and has been a member of Verso's Board of Directors since November 2019. "We are pleased that Randy has accepted our offer to transition from the interim role to a permanent position," said Chairman of the Board Sean Erwin. "His more than 40 years of knowledge in the paper and packaging industry, combined with his breadth of executive leadership experience, make him the right choice for this role."
Mondi, a global leader in packaging and paper, launches NAUTILUS® Elemental, its first recycled office paper product for the low-white segment. The new product made from 100% post-consumer waste complements the existing wide range of premium high-white recycled papers. Low-white recycled papers are particularly popular with public authorities and institutions (e.g. schools). The new paper is now available across Europe. Due to an increasing demand for recycled paper, Mondi extended its NAUTILUS® portfolio and availability over the past few years. This latest product innovation is the next milestone in its strategy and targets important low-white markets in Europe where currently limited suppliers exist. NAUTILUS® Elemental is ideally suited for all types of office communication such as everyday communication, e-mail print-outs, direct mail, invoices and manuals. NAUTILUS® Elemental is produced in Austria in compliance with certification schemes including the Blue Angel, FSC® Recycled, EU Ecolabel and the Austrian Ecolabel.
Sappi Limited is proud to announce that its South African division has been awarded the first ever Programme for the Endorsement of Forest Certification (PEFC) forest management certificate in South Africa. This achievement indicates that Sappi Southern Africa’s forest management practices meet the requirements for sustainable forest management set out in the PEFC-endorsed standard for South Africa, SAFAS (Sustainable African Forest Assurance Scheme). Commenting on behalf of PEFC International, Ben Gunneberg, CEO & Secretary General said “This certificate is a landmark in South Africa. At a time when climate smart solutions are so needed, it’s imperative that we expand sustainable forest management practices in all regions of the world. We are delighted that Sappi’s forests in South Africa have become PEFC-certified and look forward to welcoming further growth of PEFC certification in the country.” The certification will now enable Sappi to offer PEFC certified wood from its plantations in South Africa, giving further assurance to Sappi’s local and global customers that the wood raw material originates from responsibly managed forests.
Notable items in the first quarter of fiscal 2021 include: *Net sales of $4.4 billion were essentially flat compared to the pre-pandemic prior year quarter *Total packaging shipments increased 5%; record North American per day box shipments that increased 8% compared to the prior year quarter *Successfully started up the Company’s new 330” state-of-the-art paper machine in Florence, South Carolina; the machine’s 710k tons of annual capacity replaces three old machines *Distributed COVID-19 relief payments to employees totaling $22 million; these payments are not included in the Company's adjusted earnings per diluted share for the quarter *Generated net cash provided by operating activities of $719 million and Adjusted Free Cash Flow of $562 million compared to $431 million and $79 million, respectively, in the prior year quarter
Retail print catalogs have often struggled at the expense of digital or online catalogs. As with so many aspects of our lives, the pandemic is causing change and lockdowns are proving that print is still very much a contender. It’s not hard to see why so many catalogs have transferred online. Digital does away with expensive printing and delivery charges and there’s no pulping of old catalogs or waiting around for new ones to be printed. The analytics associated with digital are now incredibly powerful, making it easy to collect large volumes of detailed data on user behaviors. An online catalog is a powerful package, so why is print making a comeback? With another national lockdown upon us, people are being forced to spend a huge proportion of their time at home and home is where print catalogs score. Recent research by Royal Mail revealed that 88% of people surveyed said they paid as much or more attention to mail during lockdown. This means leaflets and catalogs are far less likely to be dumped straight in the trash.
Bauer Media UK has added a new monthly magazine to its real-life portfolio from the team behind best-selling women’s weekly, Take a Break. Following its success as a standalone title during 2020, Take a Break Pets today launches as a monthly* title. A must-read for animal lovers, Take a Break Pets is jam-packed with incredible real-life stories about all creatures great and small, top vet and trainer advice, puzzles and prizes. Readers will also enjoy fun quizzes, a pet-friendly recipe section, exclusive discounts, reader brainwaves, four-legged fashion, fiction, heart-warming photos and much more.
Most notably, the Commission: *Completed its review of the current system for regulating rates and classes for Market Dominant products and issued its final rule modifying the existing price cap system *Reviewed and approved the Postal Service’s planned rate adjustments for Market Dominant and Competitive products and new product proposals *Explored important issues in public inquiry dockets related to service performance, the value of the postal and mailbox monopolies, and city carrier costs *Published three reports that (1) reviewed the Postal Services compliance with pricing and service standards, (2) provided an in-depth analysis of the Postal Service’s finances, and (3) evaluated whether the Postal Service met its performance goals as required under the law *Presided over several rulemakings related to Commission processes and activities
Nestlé recently announced that its well-known brand, Smarties, will be using recyclable paper packaging for all of its products worldwide! This represents a transition of 90% of the Smarties range, as 10% was already packed in recyclable paper packaging. The rollout of the new material, which will be complete in the UK and Ireland by April, makes Smarties the first global confectionery brand to move to paper packaging, removing approximately 250 million plastic packs sold worldwide every year. The innovative new designs includes sharing bags, multipacks and giant hexatubes made from coated paper, paper labels or carton board, all produced from sustainably sourced and recyclable material. Alexander von Maillot, Global Head of Confectionery at Nestlé, said: “Moving Smarties packaging to recyclable paper is one of our key sustainable packaging initiatives in the confectionery category. It is a further step in realising Nestlé’s ambition to make all of our packaging recyclable or reusable by 2025 and to reduce our use of virgin plastics by one-third in the same period.”
Highlights *Strong volume trends continued throughout the year, with fourth quarter year-over-year volume increases of 15 percent in each of metal containers and closures and 8 percent in plastic containers *Reported record revenue of $4.9 billion, with all-time high volumes achieved in each business segment *Reported cash from operations of $602.5 million, an increase of 19% over 2019 *Completed the acquisition and integration of the dispensing operations of Albéa Group, greatly expanding fragrance, foam and airless pump capabilities *Supported customer and industry efforts to further communicate the benefits of metal packaging for food, including sustainability, low cost, health and convenience *Attained target leverage ratio seven months post-acquisition - leaving the Company well-positioned to take advantage of future cash deployment opportunities
Amcor is applying a three-pronged approach to creating a responsible, more sustainable packaging system. The company is innovating products to be recycled or reused, collaborating with others to make recycling widely available and informing consumers about how to participate in keeping waste out of the environment. Innovating: Amcor invests $100m every year in research and development (R&D) to ensure a world-beating pipeline of innovations that tackle the biggest technical and practical barriers to packaging. Collaborating: Just like the most innovative mobile devices do not reach their full potential without 4G or WiFi networks, effective waste management infrastructures are critical to prevent packaging from ending up in the environment. Informing: Amcor works with its customers to improve consumer understanding and participation in recycling and reuse. Company research has revealed consumer confusion regarding recycling labels – which impacts recycling rates.
Mondi announces its 10 year sustainability action plan, MAP2030, designed to tackle global issues across the value chain. All areas are aligned to the UN Sustainable Development goals as part of Mondi's focus on being sustainable by design. Each action area of Mondi’s Action Plan 2030 (MAP2030) has three commitments underpinned by targets and KPIs. Circular Driven Solutions - Committed to making innovative packaging and paper solutions that keep materials in circulation and prevent waste. This includes a target to make 100% of its products reusable, recyclable or compostable by 2025. Created by Empowered People - Developing an empowered and inclusive team who can contribute to a better world. A key target is to increase female representation across all levels at Mondi from 21% to at least 30% by 2030. This requires four in ten hires to be women throughout the next decade. Taking action on Climate - Focusing on climate resilience through its forests and operations for the future of the planet. Targets include reducing its greenhouse gas emissions in line with science-based targets and maintaining zero deforestation in its wood supply as its business grows.
WestRock Company provided the following update on its ransomware incident which was announced on Jan. 25, 2021. WestRock’s security teams, supported by leading cyber defense firms, continue to work on remediation of and recovery from this incident. With some exceptions, the Company’s operations have continued to run and deliver for customers. In locations where technology issues have been identified, we are using alternative methods to process and ship orders. “We are working around the clock to complete our investigation and to restore normalized operations as quickly as possible,” said Steve Voorhees, chief executive officer. “WestRock teams are taking extraordinary steps to keep our mills and converting plants operational and to safely deliver to our customers.”
Mittera, a North American leader in print and digital communication strategies, has announced it has acquired the assets of Trend Offset Printing. Headquartered in Los Alamitos, Calif., Trend Offset is a national printer serving retail, magazine, catalog, and direct mail advertising segments. The addition of Trend Offset will enhance Mittera’s presence in retail as well as commercial printing services. The Trend client relationships, personnel and critical infrastructure will join Mittera’s national network of print production and communication solution professionals, allowing for a seamless customer experience with expanded capabilities. “As the landscape of our industry continues to change, it is critical that printers evolve to serve the customer needs of the future and not those of the past. The acquisition of Trend makes great sense for both organizations, as it allows for further consolidation of our industry, and will allow our combined companies to offer a more robust set of marketing solutions to our customers.” said Jon Troen, Chief Executive Officer of Mittera.
The Association of American Publishers (AAP) today released its StatShot report for November 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 November 2020 were up 24.5% as compared to November 2019, coming in at $1.2 billion. Year-to-date sales were flat, with an increase of 0.8% as compared to the first eleven months of 2019, with a total of $13.6 billion.
The Postal Regulatory Commission is pleased to announce that President Joseph R. Biden, Jr. has designated Commissioner Michael M. Kubayanda chairman of the Commission, succeeding Robert G. Taub. “I am grateful for the opportunity to serve as chairman and look forward to serving all Americans, working with my colleagues in the Commission and throughout the Federal government, and connecting with a wide spectrum of stakeholders,” said Chairman Kubayanda. “I would especially like to thank Chairman Taub for his exceptional leadership of the Commission for more than six years. I plan to continue his approach of bipartisanship and collegiality.” Regarding the appointment, former Chairman Taub said, “A hearty congratulations to Chairman Kubayanda upon his designation. Chairman Kubayanda brings a wealth of experience and an enormous skill set to the role of chair. I know he will lead this agency quite well, and he has a great team to support him. It has been a true honor and privilege to serve as the head of the Commission for more than six years. I am proud of the Commission’s accomplishments during this time, which could not have been achieved without our fantastic agency staff. I know the Commission will continue that excellent work under Chairman Kubayanda’s leadership.”
UPS has entered into a definitive agreement to sell UPS Freight (UPSF) to TFI International Inc. for $800 million, subject to working capital and other adjustments. “We’re excited about the future and the opportunities this creates for both UPS and UPS Freight as part of TFI International Inc.,” said UPS Chief Executive Officer Carol Tomé. “The agreement allows UPS to be even more laser-focused on the core parts of our business that drive the greatest value for our customers.” The decision to sell UPS Freight was reached following a thorough evaluation of the UPS portfolio, and aligns with the company’s “better not bigger” strategic positioning. UPS and TFI International will also enter into an agreement for UPS Freight to continue to utilize UPS’ domestic package network to fulfill shipments, for a period of five years.
Sonoco is pleased to announce it is partnering with Integrated Systems, Inc., a vertically integrated robotics and advanced automation provider, to aid Sonoco’s businesses in continuing to advance its use of automation to improve the efficiency of the Company’s global manufacturing operations. ISI brings 25 years of advanced automation experience working for several well-known global manufacturing companies, including producing numerous custom robotics systems for Sonoco. Under this new agreement, ISI will assist Sonoco in developing and executing its global automation strategy as well as designing, engineering, building, programming, and installing custom-made robotics and automation systems.
For the second year in a row, the media, research and financial information products company Corporate Knights has named Cascades one of the world's 100 most sustainable corporations. Cascades rose to 17th place among the 8,080 organizations analyzed. Having ranked 49th last year, Cascades has clearly made tremendous progress and remains the leader among the corporations assessed in its sector. The Global 100 Most Sustainable Corporations in the World ranking is the result of an in-depth analysis of international corporations with more than $1 billion in revenues. Cascades also ranks 3rd among the 13 Canadian corporations on the list. Cascades' ranking as one of the world's most sustainable businesses is the latest in a series of sustainable development distinctions it has received over the years and bears witness to the efforts made by the Company in terms of environmental protection and social responsibility.
Smurfit Kappa has today announced ambitious new sustainability targets in a number of different areas. The new targets focus on a further reduction of its environmental footprint, increased support for the communities in which it operates and further enhancement to the lives of its employees. These targets build upon the company’s well-established sustainability record, on which it has been reporting since 2005, and are contained in the Better Planet 2050 commitments. Better Planet 2050 quantifies Smurfit Kappa’s continued commitment to sustainability, targeting environmental and social sustainability in areas where it believes it can have the greatest impact. These include delivering sustainable packaging to customers, reducing its environmental footprint in water usage, waste and carbon emissions and supporting its communities, promoting inclusion and diversity as well as health and safety. The targets identified are specific, measurable and provide a roadmap to deliver results in the short, medium and longer timeframes.
Tetra Pak has introduced a new collaborative innovation model with leading paperboard producers, a move aimed at tackling the food packaging industry’s sustainability challenges. The traditional operating model of a linear supply chain has changed, and a new partnership ecosystem model is emerging, where the entire industry works in close collaboration. This brings together not only producers and suppliers, but also research institutions, universities and start-ups in an attempt to find solutions. According to the latest research the global food supply chain system is responsible for 26% of global greenhouse gas emissions; a third of all food is lost or wasted somewhere in the supply chain; fossil fuel-based materials need to be phased out; and significant improvements are needed to the way packaging is dealt with after use.
Flint Group Packaging Inks has announced the launch of a number of new water-based ink innovations for the Russian Paper & Board packaging market. Andrei Popov, Commercial Director Packaging Inks Russia & CIS at Flint Group Packaging Inks, said: “We are committed to the Russian packaging market and investing heavily in new market-leading technologies to ensure our customers are achieving best in class performance. “Being a highly competitive industry, our new AquaCode range of water-based inks and coatings are designed to give our customers the opportunity to save on the total cost of print. With high speed performance, delivering less downtime and waste, as well as high graphic impact, the range sees our customers at the forefront of next generation ink technology development.”
Flint Group Packaging Inks, a leading provider of print consumables and equipment for the global packaging industry, has confirmed that its new Russian production site is on track for completion despite the challenges of the Covid-19 pandemic. Developed to support Flint Group Packaging Inks’ customers, the new facility, located south west of Moscow in the Kaluga region, further strengthens the company’s leading supply position in the strategically essential Russian packaging market. Importantly, the investment brings the company closer to its customer base by facilitating greater localisation of manufacturing, technical and commercial services and is perfectly positioned to service both local and international package printers.
Financial Summary • Q4 GAAP earnings per share (EPS) from continuing operations of $0.36, down $0.05 from Q3 and down $0.81 YOY; FY GAAP EPS from continuing operations of $0.84, down $1.94 YOY. • $1.930 billion of Q4 revenue, up 9.2 percent or 8.5 percent in constant currency compared to Q3 and down 21.0 percent or 22.3 percent in constant currency YOY. • $7.022 billion of FY revenue, down 22.5 percent YOY or 22.7 percent in constant currency YOY. • Delivered $450 million of gross savings in 2020 under Project Own It. • Returned 112 percent of free cash flow to shareholders in 2020.
One of the main tenets of buying and owning real estate is location, location, location. The same can be said for the location where skilled workers live when they lose their jobs, and what new opportunities may exist for them within their local communities. So, while it's certainly bad news that on Feb. 18, 2021, LSC Communications will close its eastside Spartanburg, S.C., printing plant located at 300 Jones Rd., the job prospects — albeit in different industries— for the more than 400 workers employed at the one-time RR Donnelley operation appear, at least on the surface, to be better than what's happened elsewhere. "It is never good news to have a longtime company close, but the good news is, if it had to happen in 2021, Spartanburg is the place you want to be," Spartanburg County Councilman David Britt, chairman of the county's economic development committee, told the Spartanburg Herald-Journal following news of the impending closure. "I hate to lose one company that calls Spartanburg home because they became family, but it is a fact that the times and markets are always changing."
Total European shipments of graphic papers in November 2020 were down 16.5% vs. November 2019 and were down 19.7% year-to-date. Total European shipments of newsprint in November 2020 were down 21.5% vs. November 2019 and were down 19.3% year-to-date. Total European shipments of sc-magazine in November 2020 were down 14.7% vs. November 2019 and were down 18.5% year-to-date. Total European shipments of coated mechanical reels in November 2020 were down 22.1% vs. November 2019 and were down 26.8% year-to-date. Total European shipments of uncoated mechanical (improved & others) in November 2020 were down 5.9% vs. November 2019 and were down 8.3% year-to-date. Total European shipments of coated woodfree in November 2020 were down 22.1% vs. November 2019 and were down 26.0% year-to-date. Total European shipments of uncoated woodfree in November 2020 were down 6.7% vs. November 2019 and were down 13.7% year-to-date.
Mondi, a global leader in packaging and paper, has created three sustainable packaging products for a brand-new range of vegan products from food manufacturer Orkla. The branded consumer goods company worked closely with Mondi to create sustainable, high-performance packaging for the Swedish launch of its Frankful® plant-based Tex Mex range - soft tortilla wraps, tortilla crisps and taco spices. Each bespoke packaging solution has been designed to provide premium product freshness for consumers and ensure a standout appearance on the shelf for retailers. Using a truly collaborative approach, Mondi supported Orkla’s sustainability agenda, which includes launching healthier food products, reducing food waste and offering environmentally-friendly choices. The three Frankful® products benefit from tailor-made packaging that extends shelf life, balances portion control and is recyclable.
UPM Raflatac aims to take the labeling industry to new heights with the company’s newly developed UPM Raflatac Linerless OptiCut™ solution. The in-house developed adhesive technology used in OptiCut is available for each of the primary direct thermal linerless end-use environments – from retailing and logistics, to quick service and takeaway restaurants. OptiCut is the latest example in UPM Raflatac’s portfolio of benchmark-setting labeling innovations and product development. It prevents paper jamming and provides excellent adhesion with minimal adhesive build-up in a wide variety of applications: from rough surfaces to sub-zero temperatures. OptiCut minimizes service time and offers customers a linerless product with maximum uptime of printer applicators, fewer reel changes, and a crisp barcode on the package.
UPM has been ranked on the 22nd place in the list of 100 most sustainable corporations by the Canadian-based media and research company Corporate Knights. "The Global 100 Index uses determined quantitative sustainability indicators in its evaluation. The approach fits well in UPM’s approach which highlights the importance of ambitious long-term targets and transparency of performance and data,” says Sami Lundgren, Vice President, Responsibility at UPM. UPM is among the 28 Global 100 companies that have signed the UN Business Ambition for 1.5°C. The company is committed to reducing its CO2 emissions, practicing climate-positive forestry and innovating sustainable alternatives to fossil-based products. As one of the UN Global Compact LEAD companies, UPM has recently put major efforts on integrating the SDGs into its product development processes. Our innovations create value and business opportunities that go beyond fossils.
With all major categories posting huge gains, unit sales of print books jumped 22.7% for the week ended Jan. 16, 2021, over the comparable week in 2020, at outlets that report to NPD BookScan. The biggest gains came in the YA categories, with fiction up 47.6% and nonfiction rising 46.9%. The release of Concrete Rose by Angie Thomas, which sold nearly 18,000 copies, helped to lift YA fiction. In YA nonfiction, Stamped by Jason Reynolds and Ibram X. Kendi was the top title, selling more than 4,100 copies. Juvenile fiction sales rose 30.7% over the week ended Jan. 18, 2020, led by Little Blue Truck’s Valentine by Alice Schertle, which sold just over 28,000 copies, and Dav Pilkey’s Cat Kid Comic Club, which sold nearly 22,000 copies. Juvenile nonfiction sales rose 28.8% over 2020. Two educational titles led the way: Crystal Radke’s My First Learn-to-Write Workbook sold more than 7,000 copies, and Big Preschool Workbook sold 6,400 copies. Adult fiction unit sales rose almost 30% over 2020.
PEFC Switzerland revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. In order to provide you with additional information about this revised national system, we are holding a webinar on 8 February, at 10:00 CET. The webinar is free to attend, and everyone is welcome. Register for the webinar at https://us02web.zoom.us/meeting/register/tZItf-yvrToiG9ajX1uyrbU0GSLyC4cUuJWn
Sonoco announced that its Prepared and Specialty Foods Segment will raise prices for CPET (crystallized polyethylene terephthalate) and PP (polypropylene) thermoformed plastic trays and bowls by 8 percent. The increases will be applied individually, and depending on product category, effective for shipments beginning on February 22, 2021. “These price adjustments are critical to manage continued increases in cost across our business. Thus far, we have offset much of these increased input costs via manufacturing productivity initiatives and supply chain optimization activities, but with continued inflation, we must now pass this cost on to our customers,” said Rolfe Olsen, Segment Vice President – Prepared & Specialty Foods at Sonoco.
Solenis, a leading manufacturer of specialty chemicals, has signed a global partnership agreement with Diversey, a world leader in the hygiene, cleaning and infection prevention industry. With immediate effect, Diversey will become Solenis’ new distribution partner for its complete portfolio of water and process treatment chemicals to the food and beverage industry. “This partnership with Diversey represents another milestone in our history. The combination of Solenis’ extensive portfolio of water treatment chemistries, equipment and technical expertise with Diversey’s cleaning and sanitation solutions, in addition to the channel to market they offer, will be a great asset to the food and beverage industry,” said John Panichella, Chief Executive Officer, Solenis. “We look forward to strengthening our commitment and providing value through a holistic approach to our food and beverage customers globally.”
Executive Summary: *Fourth quarter 2020 net sales of $4.8 billion increased 6 percent compared to the year-ago period, including organic sales growth of 5 percent. Full-year 2020 net sales of $19.1 billion increased 4 percent, with organic sales up 6 percent. *Diluted net income per share for the fourth quarter was $1.58 in 2020 and $1.59 in 2019. Full-year diluted net income per share was $6.87 in 2020 and $6.24 in 2019. *Fourth quarter adjusted earnings per share were $1.69 in 2020 compared to $1.71 in 2019. Adjusted earnings per share exclude certain items described later in this news release. *Full-year adjusted earnings per share were $7.74 in 2020, up 12 percent compared to $6.89 in 2019. The company's previous guidance was for adjusted earnings per share of $7.50 to $7.65. *Net sales in 2021 are expected to increase 4 to 6 percent, including organic sales growth of 1 to 2 percent. Diluted net income per share for 2021 is anticipated to be $7.10 to $7.60. Adjusted earnings per share in 2021 are expected to be $7.75 to $8.00.
Catalogs are a tried-and-true instrument in a marketer’s toolbox delivering an in-depth product experience right to any home or office door. With the rise of the digital age, many thought that e-commerce would supplant catalogs, but the opposite has been true. Catalogs continue to hold their own as a marketing channel operating steadily alongside its digital brethren. Catalogs originated as a method to communicate product availability and highlight new goods. Now a company’s website functions in the same capacity and in real-time. Catalogs of today have evolved to serve as a means of inspiration, allowing consumers to visualize products in real-life situations with thoughtful detail and narratives. They also allow brands more room to tell their story and gain consumer trust. This can occur because, unlike the more frenzied pace of online shopping, catalog readers spend between 15 minutes to 30 minutes turning the pages and catalogs are retained for several weeks as a reminder to place an order, shop online, or visit a store.
A while back I wrote a blog about price as an often-overlooked brand positioning tool. Marketers are always looking for ways to influence how consumers perceive their brands in an effort to build relationships that are more than simply transactional. They know that effective brand positioning helps separate them from the competition and not just capture, but keep a larger share of both consumers’ minds and wallets. Here are six of the most common positioning strategies that companies use. Depending on the product category, some will be more effective than others and all come with some potential drawbacks. Learn more at: https://www.jschmid.com/blog/lets-talk-about-brand-positioning/
As many of us know, it’s easier and more profitable to reactivate a lapsed customer than trying to gain a new one, whether through digital, postal or retail. There are many techniques that are deployed in order to identity the proper audiences in the offline world, such as RFM+ segmentation and optimization, or modeling through a co-op. All of these techniques are tried and true and should continue to be used to identify the appropriate reactivation group for any campaign. But now there is a new player in the game and it’s proving to be a game changer. CohereOne has had a long-standing relationship with the digital company 4Cite, leaning on their technology to drive many programs, which has increased our client’s digital performance. Using their digital data, 4Cite could identify the postal address for anonymous site browsers and/or cart abandoners, and thus we quickly determined that we should be using that powerful data in our postal efforts. Learn more at: https://cohereone.com/a-game-changer-in-customer-reactivation/?utm_medium=email&_hsmi=107235557&_hsenc=p2ANqtz-9ESPdGAIhmNcVSGZR77As1qmy4lY9GqSh2PQ9NzBP9Kv4yqujTZTJsfpoWxLiFkdMvnjrIsPwNHFtnsS51cux8k_J2E-IohhzmZ_lBHIiBqBPTApg&utm_content=107235557&utm_source=hs_email
Nearly 700 dockworkers at the twin ports of Los Angeles and Long Beach have contracted COVID-19 and hundreds more are taking virus-related leaves, raising fears of a severe slowdown in the region’s multibillion-dollar logistics economy. A growing longshore worker infection rate, which parallels the surge of the virus across California, is exacerbating a massive snarl at the ports due to a pandemic-induced surge in imports. Port executives, union leaders and elected officials are mounting an urgent campaign to initiate dockworker vaccinations, fearing that a labor shortage could force terminal shutdowns. “We’ve got more cargo than we do skilled labor,” said Eugene Seroka, executive director of the Los Angeles port. “We are told 1,800 workers are not going on the job due to COVID right now. That can [include] those who are isolating through contact tracing or awaiting test results. Or maybe [those who] fear ... going on the job when a lot of people are sick.” more at source: https://www.latimes.com/business/story/2021-01-20/covid-surge-hits-la-ports-increasing-need-for-vaccines
Metsä Board aims at strengthening its position as Europe’s leading producer of folding boxboard and plans to increase its production capacity. The company has started pre-engineering for increasing the annual production capacity of folding boxboard machine BM1 at the Husum mill in Sweden by approximately 200,000 tonnes. The pre-engineering phase includes also an evaluation of the mill port’s capacity for increased volumes of raw materials and finished goods. The planned investment would further strengthen Husum BM1’s position as the biggest folding boxboard machine in Europe. The final investment decision is subject to the results of the pre-engineering phase. The readiness to make the final investment decision is expected to be achieved in the summer of 2021 and the ramp-up of the additional capacity would start in 2023.
Metsä Board announced its plan to strengthen its position as Europe’s leading producer of folding boxboard by increasing production capacity. The company has started pre-engineering for increasing the annual production capacity of folding boxboard machine BM1 at the Husum mill in Sweden by approximately 200,000 tonnes. The pre-engineering phase includes also an evaluation of the mill port’s capacity for increased volumes of raw materials and finished goods. The planned investment would further strengthen Husum BM1’s position as the biggest folding boxboard machine in Europe. The readiness to make the final investment decision is expected to be achieved in the summer of 2021 and if the investment is implemented the ramp-up of the additional capacity would start in 2023.
2020 is a year we will always remember, yet one we would like to forget. It was a year that changed our lives forever. Some have been affected more than others, but we all have a story to tell. People talk about “the new normal,” but what exactly does that mean to retailers and direct marketers? Let’s take a walk into the future and see what it looks like. Actually, we're living the future now. Several of our clients cut circulation in early 2020 in light of the advancing pandemic. They reduced their marketing efforts in anticipation of what was to come. It was the logical action to take, but for many consumer mailers, it was the wrong thing to do at the time. Revenues increased unexpectedly and remain strong today. Trips to retail stores reduced by at least half, and consumers went online to order gifts, apparel, home furnishings, food and other products. COVID changed the way we shop. It also leapfrogged us into the future. From a marketing standpoint, 2020 looks more like what we would have expected five years from now. read more at source: https://www.mytotalretail.com/post/catalog-and-digital-marketing-the-future-is-here-now/
As a keynote sponsor of the 2021 International Dairy Forum, Amcor will demonstrate how it’s reshaping dairy packaging by offering more sustainable solutions and innovative design and delivery, extending shelf life for customers. In addition, Amcor will highlight the latest developments in sustainability and dairy packaging solutions during a webinar Feb. 16 at 1 p.m. EST. The webinar will be hosted by IDFA. “As consumer demands increase, brands know they need smarter and more sustainable packaging strategies in order to break from the pack and truly differentiate themselves,” said Carmen Becker, Vice President and General Manager, Amcor Rigid Packaging, Specialty Containers. “We offer the capabilities that are best suited to meet strong growth in key dairy segments through stellar design, one-of-a-kind preform technology, and industry-leading manufacturing.”
The American Meteorological Society (AMS), the leading scientific and professional organization promoting the advancement of atmospheric, oceanic and hydrologic sciences, has launched its new online journals platform on KnowledgeWorks Global Ltd. (KGL)’s PubFactory platform. The new AMS website (journals.ametsoc.org) hosts all content from the Society’s 11 prestigious peer-reviewed scientific journals, including the Bulletin of the American Meteorological Society (BAMS). Following an extensive review of site requirements with AMS leadership, KGL PubFactory managed the comprehensive web development project and site migration process for the full archive of 117,000 journal articles dating to 1920. In addition to the online hosting platform, AMS is now working closely with KGL to streamline and optimize its journal production workflow and processes, adding services such as web-based proofing to help accelerate publication, contain costs, and improve the author experience.
Sappi North America, Inc. announced that it has extended its current SmartWay® Transport Partnership, an innovative collaboration between U.S. Environmental Protection Agency (EPA) and industry. The SmartWay Transport Partnership provides a framework to assess the environmental and energy efficiency of goods movement supply chains and benchmark overall performance. This is Sappi's 12th consecutive year as a SmartWay Transport Partner, and the company will continue to contribute to the Partnership's savings of 279.7 million barrels of oil, $37.5 billion in fuel costs and 134 million tons of air pollutants. This collective effort is the equivalent of the annual electricity use in 18.2 million homes. By being a part of the SmartWay Transport Partnership, Sappi demonstrates its strong environmental leadership and corporate responsibility. As a certified shipper partner, Sappi utilizes carriers that leverage technology and design to minimize their collective carbon footprint. Sappi works toward increasing the amount of freight moved on intermodal and rail as well as increasing the amount of freight moved on certified carriers.
National Average Price for Regular Unleaded Current: $2.398; Month Ago: $2.237; Year Ago: $2.544. National Average Price for Diesel Current: $2.636; Month Ago: $2.533; Year Ago: $2.990.
American Dollar to Canadian Dollar = 0.786493; American Dollar to Chinese Yuan = 0.154255; American Dollar to Euro = 1.215815; American Dollar to Japanese Yen = 0.009635; American Dollar to Mexican Peso = 0.050162.
Huhtamaki is investing in a new manufacturing site in Malaysia. In order to better serve its customers and respond to future growth of the sector in Southeast Asia, the company is transferring its Malaysian manufacturing base from Penang to Port Klang, Selangor State, the capital region of Malaysia. The new site is expected to be fully operational by the end of the second quarter of 2021. “By investing in a world-class facility in Malaysia we are creating a platform for future growth in Southeast Asia. The new site is strategically located, it is close to our key customers and has easy access to neighboring countries. We will also use the relocation as an opportunity to modernize our equipment and increase automation to improve efficiency. Our initial focus will be on manufacturing paper cups, as in the existing facility, but the new site will also allow us to expand the product range and introduce new sustainable paper-based technologies as we grow, fully leveraging our global packaging expertise,” says Eric Le Lay, President, Fiber Foodservice EAO.
FedEx Express announces proposals to resize its European workforce as it nears the completion of the network integration of TNT. These proposals are part of a wider, multi-year growth strategy that enables the European Express business to confidently build on the momentum created in recent years. FedEx acquired TNT in 2016 as part of its European expansion plans, connecting the world’s largest air express network with an unparalleled European road network and global suite of services. Since the acquisition, successful integration has taken place across IT systems and key parts of the air, road and ground networks, and investments have been made in technology and infrastructure. Plans to address the duplication resulting from operating two large European networks connecting similar geographies were presented to European employee representatives and team members today. These proposals will regrettably have a workforce impact of between 5500 - 6300 people across operational teams and back-office functions. In the course of these consultations, the full range of support measures for affected team members will be discussed with works council representatives from across the region. These measures differ by country and may include voluntary redundancy, reassignment to other roles and priority access to open positions. The consultation process will take place over an eighteen-month period in line with local country processes and regulations.
Packaging leader Smurfit Kappa has launched a new range of eBottle packaging solutions for the rapidly growing online beverage and liquids market. The new portfolio includes a variety of sustainable solutions for single and multi-pack products, including the Rollor bottle pack, BiPack, and Pop-up insert. The surge in e-commerce due to the Covid-19 pandemic is evident across all sectors and the beverage market has also seen a significant impact. In particular, online sales for alcoholic beverages has increased by 34% in Europe driving a demand for sustainable, durable and consumer friendly packaging that protects the product during shipment. Key challenges for the beverage e-commerce channel are product damage, sustainability, consumer experience and the ability to accelerate growth using the right packing processes. Consumer research carried out by Smurfit Kappa also shows consumers are continuing to push for higher standards.
According to the report, total printing-writing paper shipments decreased 26 percent in December compared to December 2019. U.S. purchases of total printing-writing papers decreased 22 percent in December compared to the same month last year. Total printing-writing paper inventory levels remained essentially flat (+0.3 percent) when compared to November 2020. U.S. purchases of uncoated free sheet (UFS) papers in December decreased 17 percent compared to last December while the inventory level decreased one percent compared to November 2020. UFS imports increased 13 percent while exports decreased 31 percent in November 2020. Coated free sheet (CFS) paper shipments decreased 26 percent compared to December 2019 while the inventory level increased four percent compared to November 2020. CFS imports and exports both decreased compared to November 2019, down 36 percent and eight percent respectively. click read more for additional statistics
Total Boxboard production in December increased five percent compared to December 2019. It was down three percent when compared to the same 12 months of 2019. The boxboard operating rate was 93.8 percent, up 5.3 points from December 2019 and essentially flat (-0.2 pts.) year-to-date. Solid Bleached Boxboard production in December increased three percent compared to December 2019. It was down four percent when compared to the same 12months of 2019. click read more for the rest of the statistics
Lecta presents an extensive new range of Termax products for the demanding, dynamic thermal paper segment, the result of deep technical know-how and years of experience in manufacturing specialty papers. Over the last years, Lecta completed a strategic investment plan prioritizing its heat-sensitive papers: a new base paper machine, a complete modernization of the coating preparation kitchen and a new coating line, installed in the Leitza mill (Spain) in 2018. Today, our new thermal facilities are equipped with two state-of-the art coating lines completely devoted to thermal paper, fully automated packaging lines and winding machines that provide a high-quality finish. In its new catalogue "Moving with your business", Lecta presents a renovated Termax paper range designed to meet the specific requirements of POS, ticket and label applications. Termax provides real end-use performance papers for converters and pressure-sensitive adhesive manufacturers, with high quality standards, perfect direct thermal printing results and numerous advantages.
Key highlights for the 12 months: *Group sales declined by 10% and we expect to report adjusted operating profit in the range of £310m-£315m at an average USD:GBP exchange rate of 1.28; with portfolio changes, inflation and the trading impact of COVID-19 partially offset by restructuring savings. *Global Online Learning sales grew 18% due to strong enrolments in new and existing schools in Virtual Schools and good sales growth in Online Program Management (OPM), with growth in continuing programs partially offset by discontinued programs. *Global Assessment sales declined 14%, reflecting the impact of test centre closures during the lockdowns in H1 in Professional Certification, with pent up demand in the second half partly moderated by Q4 lockdowns. Cancellation of Spring testing impacted US Student Assessment and school closures impacted US Clinical Assessment. *North American Courseware declined 13% with US Higher Education Courseware revenue down 12%, with good growth in digital registrations and eBooks and a further decline of higher priced package and print sales. At the end of 2020, over 70% of US Higher Education Courseware revenue was digital. *International declined 19% due to school and test centre closures and the continuing impact of COVID-19 on public and private spending on courseware and assessments.
At the beginning of January, the PM 7 of Grupo Gondi, one of Mexico's largest paper manufactures, was successfully commissioned at the new Papel y Empaques mill in Monterrey. The paper machine is set to produce 400,000 tons of high-performance light weight recycled containerboard annually with Voith's leading technology. Eduardo Posada, CEO of Grupo Gondi, says: “The plant is one of the most modern recycling board mills in Latin America. The start-up of PM 7 is an important step for us. Together with Voith, we will continue our efforts to increase our market position for high-performance lightweight recycled containerboard in Mexico and Latin America with innovative production solutions.”
Key 2020 General Election Performance Statistics: *135 Million Ballots Processed and Delivered. The Postal Service delivered at least 135 million ballots, including both blank ballots delivered from election officials to voters and completed ballots returning from voters to election officials. i *99.89 Percent of Ballots Delivered to Election Officials Within a Week. Overall, 99.89 percent of identified ballots mailed after September 4 were delivered within seven days, consistent with the Postal Service’s recommendation to voters. The overwhelming majority of ballots were delivered in far less time than that. Specifically, based on internal processing scores, 97.9 percent of ballots mailed from voters to election officials were delivered within three days, and 99.7 percent were delivered within five days. click read more below for the rest of the story
H&M is the latest retailer to replace its plastic packaging with paper, joining an increasing number of brands that are adapting their packaging materials to reduce the amount of waste plastic that ends up being thrown away rather than recycled. The international fashion brand has introduced paper packaging to its e-commerce channels that serve millions of customers. Starting with the UK, the Netherlands, Sweden, China, Russia and Australia, H&M, the paper packaging will be rolled out to more countries in the coming year, helping the brand to reach its ‘circular strategy for packaging’. This strategy includes reducing packaging by 25% and designing reusable, recyclable or compostable packaging by 2025.
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 7.4% in December after rising 3.2% in November. In December, the index equaled 120 (2015=100) compared with 111.7 in November. “Tonnage ended last year on a high note,” said ATA Chief Economist Bob Costello. “The index not only registered the largest monthly gain since June, but it also had the first year-over-year increase since March. Freight continues to be helped by strong consumption, a retail inventory restocking, and robust single-family home construction. With the stimulus checks recently issued and with a strong possibility of more in the near future, I would expect truck freight to continue rising.” November’s gain was revised down slightly to 3.2% from our December 22 press release. Compared with December 2019, the SA index rose 2.3%. For all of 2020, compared with the same 12-month period in 2019, tonnage was down 3.3%. 2019 had an annual increase of 3.3%.
Wednesday January 20, 2021, the last roll of paper was produced on SCA’s paper machine 5 at Ortviken paper mill in Sundsvall. PM5 produced uncoated publication paper for newpapers, magazines and commercial print and had a capacity of 255,000 tonnes per annum. The paper machine started production in the year 1985. PM5 will now be dismantled in order to make room for the company Renewcell and its recycling of textile fibre, which is expected to come on stream on the Ortviken site in 2022. As previously announced, the remaining two paper machines at the Ortviken paper mill will stop production during the first quarter of 2021, as SCA ceases to produce publication paper.
UPM Raflatac is strengthening its position in the fast-growing linerless labelstock market by scaling up its production capacity and building a new production line in Nowa Wieś, Poland. Direct Thermal (DT) linerless labeling is a cost-efficient and sustainable alternative to traditional label stock. Driven by sustainability trends and the need for increased efficiency, linerless has quickly gained ground alongside traditional labeling technologies. Boosted by growing demand in end-uses such as grocery labeling, logistics and quick service restaurants, the DT linerless market has seen approximately 15 percent year-on-year growth in recent years.
“We are pleased to share that the fourth quarter ended with strong Revenue and Adjusted EBITDA performance,” said Michael Reed, Chairman & Chief Executive Officer. “Revenue improvement was primarily driven by a continued rebound in our advertising trends, both print and digital. We also continued to see strong digital-only circulation pro forma revenue performance with an increase of approximately 46% year-over-year. The revenue improvement as well as continued expense management, led to stronger Adjusted EBITDA, and positions us for continued performance improvement in 2021. We reduced $654 million of our 11.5% term loan during the fourth quarter and an additional $30 million subsequent to year end, which brings our total term loan reduction to $684 million. These actions have allowed us to reduce debt outstanding to $1.545 billion, which is ahead of the originally outlined levels that we shared in connection with the acquisition of Gannett Media Corp. in 2019. The reduction of the term loan through debt paydown and refinancing of approximately $500 million into convertible notes has reduced our annual interest expense by $48 million. As we head into 2021, we firmly believe that we will be in a position to refinance the remaining term loan, which will further improve our balance sheet.”
Year-end book sales across Europe were slammed by December lockdowns after Covid-19 cases surged across the continent. Still, preliminary results in three major markets show declines for the full year were modest. In Germany, Europe’s single largest book market, sales were up 25% in the first two weeks of December over 2019, but they plummeted when a new lockdown was imposed on December 16. Overall sales for the year were down 2.3% compared with 2019, according to BUCH, a German book publishing trade group. Bookstores saw sales drop 8.7% for the year, but gains by online booksellers and platforms offset that decline. “It is true that books played an important role for people during the crisis,” said Karin Schmidt-Friderichs, head of the BDB, in a press release. “There was great enthusiasm for reading and demand for books was high for much of the year. But the shutdown in December thwarted the industry’s plans. The renewed store closings in the middle of the Christmas business stopped the race to catch up from lost sales due to the shutdown in spring.”
*Proposes Combination of Consumer-Focused Retail Operations of Office Depot and Staples as More Direct Path to Achieving Synergies for Shareholders of Both Companies, Without Raising Substantial Regulatory Risk *Process for Sale of CompuCom IT Services Business Already Underway as a Result of Strategic Review Announced in November *Reaffirms Focus on B2B Operations and Other Growth Initiatives to Accelerate Value Creation *Notes That Sycamore’s Proposal Does Not Adequately Address Regulatory Risk to Office Depot Shareholders
*Mondi’s new paper machine at its Czech mill in Štětí is dedicated to producing 100% recyclable speciality kraft paper for shopping bags using a combination of fresh and recycled fibres to prioritise sustainability without compromising on strength *The €67 million investment responds to growing consumer preference and legislative change to reduce plastic waste and demonstrates the company's commitment to supporting the circular economy *This new paper machine for shopping bags broadens Mondi’s leading portfolio, placing the group at the forefront of European kraft paper production
Resolute Forest Products Inc. announced that Sylvain A. Girard will join the company and be appointed as senior vice president and chief financial officer as of March 2, 2021. His term will begin the day after Remi G. Lalonde, currently Resolute's senior vice president and chief financial officer, assumes the position of president and chief executive officer. Mr. Girard will report to Mr. Lalonde. With over 25 years of global financial and leadership experience, including nearly 20 years tenure in different chief financial officer roles, Mr. Girard is a seasoned finance professional with extensive global experience. He has a proven record of delivering results and leading bold transformations.
The desire to expand into the large-format sector and increase capacity without sacrificing quality or speed, led Walton Press to add the Durst P5 350. The addition of this innovative digital printer will be the centerpiece of their wide-format print offering allowing them to expand into new markets. Walton Press located in Monroe, GA began in 1900, originally started in conjunction with the Walton Tribune a hometown newspaper and has been in the printing business for over 120 years. Walton Press is the first in Georgia to add the Durst P5 350 all-in-one hybrid solution for flexible roll and board printing. They take a personal stake in the success of their customers and will do what it takes to support that objective. The Durst P5 350 is an all-in-one hybrid large format UV LED Inkjet press that prints both rigid and roll materials up to 138” (3.5 meters) wide with 1200 dpi output.
The European Academy of Allergy and Clinical Immunology (EAACI) and John Wiley & Sons Inc., a global leader in research and education, have expanded their publishing partnership to include EAACI’s official open access journal Clinical and Translational Allergy (CTA) alongside their other publications, Allergy and Pediatric Allergy and Clinical Immunology, as of January 2021. CTA is a fully open access journal, edited by Prof. Jean Bousquet and Dr. Clive Grattan, and provides a dissemination of allergy research and reviews, as well as EAACI position papers, task force reports, and guidelines for an international scientific audience. “We are delighted to extend our collaboration with Wiley to include CTA in 2021. Having all three journals under the same publishing umbrella will allow them to benefit from Wiley's extensive expertise in the publishing process, while at the same time keeping up the high quality of EAACI's scientific content, including the most relevant progress and updates in the field." Tomàs Chivato, EAACI VP Science; Jean Bousquet, CTA Editor-in-Chief; Clive Grattan, CTA Editor-in-Chief.
PAFC Congo Basin submitted their regional forest certification system to PEFC for endorsement in December last year. The public consultation, which is your chance to give your feedback on this new system, will run from 1 February to 1 April. In order to provide you with additional information about this regional system, we are holding a webinar on 1 February, at 10:00 CET. The webinar is free to attend, and everyone is welcome. Our national members for Cameroon, Congo and Gabon joined forces under the name of PAFC Congo Basin to develop this regional certification system. The shared language and the similar forestry conditions in the three neighbouring countries enables PAFC Cameroon, PAFC Congo and PAFC Gabon to share one system.
Total Containerboard production in December increased three percent compared to December 2019. It was up four percent when compared to the same 12 months of 2019. December 2020 production of containerboard for export decreased 22 percent compared to the same month last year; it was up nine percent year-to-date. The containerboard operating rate was 93.7 percent, essentially flat (-0.1 pts.) from December 2019 and up 2.3 points year-to-date. Mill inventories of containerboard at the end of December increased 3,000 short tons from the previous month and were up 3,000 short tons compared to December 2019.
Total Packaging Papers & Specialty Packaging shipments in December increased eight percent compared to December 2019. They were up five percent when compared to the same 12 months of 2019. The operating rate was 83.3 percent, up 0.6 points from December 2019 and essentially flat (-0.2 pts.) year-to-date. Mill inventories at the end of December increased 2,000 short tons from the previous month and were up 3,000 short tons compared to December 2019.
Georgia-Pacific announced that it will expand its Dixie to Go/PerfecTouch® cup manufacturing capacity at the Lexington, Kentucky, Dixie facility. This will allow GP to scale its efforts and create a single, world-class manufacturing facility for cupmaking. As part of this, GP will permanently close its Lehigh Valley Dixie cup manufacturing facility in Easton, Pennsylvania, by the end of 2021. Lehigh Valley will continue to make cups to support the business for the next several months as some of its cupmaking equipment is relocated to the Lexington site. With the closure of the Lehigh Valley plant, it means that after 2021 all Dixie cups, including premium hot cups, recycled fiber cups and bath cups, will be made at the Lexington plant. Approximately 190 jobs at the Lehigh Valley facility will be impacted by this closure, while approximately 50 jobs will be created by the expansion in Lexington. As we work through this transition, no supply disruption is anticipated.
Summary: *Revenue expected to be $783 million(1) *Adjusted EBITDA expected to be $200 to $204 million(1)(2) *Termination of the TTI transaction agreement following rejection by the U.K. Competition and Markets Authority (“CMA”) of a remedy proposal and opening of a Phase 2 investigation *$300 million discretionary debt repayment to be made by the end of the quarter from cash on the balance sheet originally intended for the TTI acquisition *Increasing annualized dividend to $0.32 per share from $0.28 per share, equivalent to a 14 percent increase, effective when the normal first quarter 2021 dividend is declared *Well-positioned to continue participation in the recovery and demonstrate the full capabilities of Tronox’s vertically integrated portfolio
Clean energy is vital for sustainability. Our responsibility targets express our commitment to annually improving our energy efficiency and increasing our use of renewable fuels. Fossil raw materials can be replaced with wood-based products and solutions in many applications, but this consumes a large amount of heat and electricity. As UPM produces and consumes significant amounts of energy, the UN Sustainable Development Goal 7, Affordable and Clean Energy, is one of our six focus goals. “Replacing fossil fuels with renewable energy while at the same improving energy efficiency is crucial for mitigating climate change. Energy efficiency not only reduces emissions, but it also saves natural resources and money, so it’s smart both for the environment and our bottom line,” says Pasi Svinhufvud, UPM Energy Manager, Thermal Power, HSEQ. UPM has a remarkable share of climate friendly energy production. there is much more..
John Wiley and Sons, Inc. and Iowa State University today announced the signing of a three-year transitional open access agreement, among the first-of-its-kind in the United States. The agreement will advance Iowa State University’s goal to increase open access publishing and expand its open access offerings, allowing peer-reviewed articles to be read and shared immediately, and making important research broadly available. The multi-year agreement, which will run from January 1, 2021 through 2023, will allow the University to accelerate the number of open access articles it publishes, by increasing its publishing funds toward open access articles in Wiley’s hybrid and gold open access journals. This agreement builds on the University’s current partnership with Wiley, which gives faculty, researchers, and students access to Wiley’s leading portfolio of journals.
National Popcorn Day is on January 19! The Popcorn Factory® and Moose Munch® Premium Popcorn are marking the occasion by sharing unique ideas for enjoying one of America’s favorite, go-to snacks. From popcorn aficionados seeking traditional or trendy flavors, to families looking for creative ways to relish the gourmet treat together at home, these brands offer something special for every palate: Ready to explore the world of popcorn flavors? The adventure begins with a broad selection of sweet and savory flavors including cookies & crème, chicken & waffles, bacon cheddar, milk chocolate and salted caramel. These one-of-a-kind, poppin’ flavors will step up everyone’s snacking game.
Unit sales of print books got off to a blazing start in 2021. Sales jumped 19.3% last week over the week ended January 2 at outlets that report to NPD BookScan. Moreover, units were up nearly 25% over the comparable week in 2020. With sales hitting 17.1 million, BookScan said it was the first time in the history of the service unit sales topped 17 million in the first week of January. Early January is always a good time for titles tied to renewal and self-improvement, and those categories did especially well compared to last year. In the nonfiction adult segment, double-digit gains were posted by body, mind, and spirit (up 63%), self-help (ahead 30%), cooking (+22%), and religion (+13%). The new year did not help the travel segment, however, with units tumbling 41%.
Mondi, a global leader in packaging and paper, is launching two new paper-based bags for German pet food producer Interquell, delivering both consumer convenience and sustainability benefits. The pet food manufacturer asked Mondi to create two sizes of paper-based packaging bags with a functional plastic barrier for its sustainable premium Goood dog food. The innovative FlexiBags meet Interquell's goal to reduce the amount of plastic used while ensuring premium product protection and convenient handling for consumers.
National Average Price for Regular Unleaded Current: $2.378; Month Ago: $2.172; Year Ago: $2.571. National Average Price for Diesel Current: $2.618; Month Ago: $2.480; Year Ago: $3.008.
American Dollar to Canadian Dollar = 0.786569; American Dollar to Chinese Yuan = 0.154452; American Dollar to Euro = 1.212321; American Dollar to Japanese Yen = 0.009644; American Dollar to Mexican Peso = 0.050441.
Recycling of materials is considered to be an important part of a circular economy, but a new study published in Nature Sustainability questions the potential environmental benefits that come from paper recycling. Recycling paper materials may not be all it’s cracked up to be according to a study conducted by researchers at Yale University and University College London. Published in Nature Sustainability in October 2020, the study points out that the recycling of paper materials in particular could have a negative impact on the climate. click read more below for more...
During the holiday season, Nordstrom continued to leverage its digital and physical assets to provide a unique breadth of merchandise selection across brands, price points and styles and convenient shopping experiences for customers: *December sales across the Nordstrom and Nordstrom Rack brands reflected sequential improvement from November with momentum continuing into January. *Digital sales grew 23 percent over last year and represented 54 percent of total sales compared with 34 percent from the same period in fiscal 2019. *Approximately 11 percent of Nordstrom.com orders were picked up in-store, which accelerated to more than 20 percent during the week preceding Christmas. *Approximately 9 percent of Nordstromrack.com orders were picked up in-store, which was enabled by the integration of Nordstrom Rack store and online inventory in October. *More than 30 percent of online orders were fulfilled from Nordstrom and Nordstrom Rack stores. *As a result of expanded gifting selection, gifting items made up 67 percent of sales, an increase of 600 basis points from the prior year.
Worzalla, an employee-owned book printer specializing in printing high-quality children’s books, cookbooks, and hard-cover best sellers, recently concluded the holiday season with multiple charitable endeavors. As a business with more than 125 years of history in Portage County, Worzalla consistently looks for opportunities to give back to the community. “This past holiday season, Worzalla associates stepped up in a big way to help those in need, and we were happy to see the greater community support our efforts as well,” said Brianne Petruzalek, Vice President of Human Resources at Worzalla. “We thank everyone involved for helping us to make a positive impact in our community.” In December, Worzalla set up a Community Giving Tree and set up a raffle prize giveaway to encourage the community to contribute donations for the Salvation Army. The drive was successful in collecting hundreds of food items, clothing, household items, and other in-demand items for those in need in Portage County.
Amcor – a global packaging leader – has for the first time reported against SASB’s standards, setting a new benchmark for the packaging industry by becoming the first global diversified packaging company to do so. SASB standards are recognized as best-in-class, enabling businesses around the world to offer greater transparency and improve risk management. This view is shared by the investor community, which has embraced the SASB standard as a means to allow informed decision making on sustainable investing. By reporting against SASB’s Containers & Packaging standard, Amcor is leading the industry with regard to benchmarking and transparency to drive more sustainable performance.
2020 Printing Impressions 350 ranking of largest printing companies in the U.S. and Canada.The fact that our 37th annual ranking of the largest printing companies based in the U.S. and Canada, as ranked by annual sales, is now the Printing Impressions 350 — and not the 400 — for 2020 serves as a microcosm of the current, unsettled nature of the printing industry amidst a worldwide pandemic. So, it was quite fitting that we also labeled the most recent list on our December 2020 cover as “The COVID-19 Edition.” Compiling this venerable list was no easy feat — whether it was tracking down the needed information from a $5.5 billion-in-sales commercial printing industry powerhouse like RR Donnelley, to our 350th ranked printer at $5.5 million. Due to the pandemic, printing companies, large and small, have struggled to maintain their sales levels, and to hold on to their skilled workforces through, in some cases, temporary furloughs and Paycheck Protection Program (PPP) funding. see more at: https://www.piworld.com/article/2020-printing-impressions-350-largest-printing-companies/
‘We will offer packaging that does not yet exist’, said Koehler CEO Kai Furler in an interview with the newspaper F.A.Z. at the beginning of 2018. Some readers will have wondered where he got the self-confidence for this bold statement from. On the one hand, it shows great confidence in the company’s research and development. But it also anticipated what was announced a year later, in January 2019: the founding of the Green Coating Collaboration, a joint laboratory between Koehler and Darmstadt Technical University. The name already hints at the institution’s field of activity. The focus is on barrier coatings that can give flexible packaging paper properties that previously only plastic could offer. These include mineral oil barriers, water vapour barriers or barriers for oils and fats, as well as aroma barriers. ‘We are conducting fundamental research in the Green Coating Collaboration’, explains Dr. Markus Wildberger, Head of Technology at Koehler. ‘Our goal is to find and test more sustainable, bio-based raw materials for barrier coating in order to ultimately use them on production line 8. It is important not to use raw materials that could potentially be used as food. After all, our packaging material should not compete with food for land.’
Lecta announces a price increase on thermal papers of 10% to 12% for new orders. The price increase is necessary to offset the continuous and relevant increase in manufacturing and transport costs and to restore our profitability. The price increase is effective immediately. Lecta sales teams are at our customers’ disposal to provide specific information on how the price increase will be applied on a country-by-country basis.
Wood-based biochemicals are renewable, recyclable, can shorten supply chains and boost local production. And they can be used to make almost anything. The future of wood is here. Soon all kinds of products – from bottles to de-icer to tyres – will be made from wood-based biochemicals, ushering in a new era of sustainability. It’s not a new idea. For years, if not decades, there has been discussion about how wood-based products could replace things made from fossil materials. Until now, this idea was mostly hypothetical. Now it is really happening.
Modern Litho, a full-service commercial, catalog and publication printer headquartered in Jefferson City, Missouri, announces an exclusive agreement with James Mulligan Printing Co. (Mulligan Printing) of St. Louis for the transfer of its commercial printing and business operations to Modern Litho. "Mulligan Printing has had a successful presence in the St. Louis print industry for many years with well-established customer relationships and high standards of service. We look forward to the opportunity to continue and build on this tradition by bringing an enhanced level of capability and quality to the marketplace,” commented Darrell Moore, Modern Litho President.
Total Company net sales for the two months ended December 31, 2020, decreased 8.4% over the same period last year. Comparable Retail segment net sales decreased 9% due to negative retail store net sales as stronger conversion rates could not offset the reduced store traffic as a result of the coronavirus pandemic and related restrictions. Lower store net sales were partially offset by strong double-digit growth in digital channel sales. By brand, comparable Retail segment net sales increased 1% at Free People and decreased 8% at Urban Outfitters and 12% at the Anthropologie Group. Wholesale segment net sales decreased 1%. For the eleven months ended December 31, 2020, total Company net sales decreased 14.3% over the same period last year. Comparable Retail segment net sales decreased 12%, driven by negative retail store net sales due to mandated store closures as a result of the coronavirus pandemic and lower store productivity once opened, partially offset by strong double-digit growth in the digital channel. Wholesale segment net sales decreased 42%. On a personnel note, URBN today announced Trish Donnelly, Chief Executive Officer of the Urban Outfitters Group, will be leaving the Company as of January 31, 2021, to pursue a new career opportunity. We are pleased to announce that Sheila Harrington will become Chief Executive Officer for both Urban Outfitters Group and Free People Group. Additionally, Gabrielle Conforti, currently the Chief Merchandising Officer for the Urban Outfitters brand, has been promoted to President, Urban Outfitters North America, and Emma Wisden will continue as Managing Director, Urban Outfitters Europe, and will lead the Urban Outfitters brand Wholesale business. Both Gabrielle and Emma will report to Sheila.
When was the last time you truly enjoyed scrolling through page after page of search results on Amazon? Settling into your favorite chair to just explore and see what comes next? If you’re like most consumers, probably never, really. Search for products online is more like a task-oriented scavenger hunt to find the thing that best matches your keywords, “lost in the noise of digital advertising.” A catalog, on the other hand, is a journey in itself, an inspiring experience that opens up new ideas in a tactile way that our brains relish. Recent news from IKEA that they are doing away with their catalog after 70 years is going to break a lot of hearts; they were a prime example of catalogers who “get it” and turned paper and ink into a journey of possibilities. (And their wickedly good catalog marketing campaigns ensured robust buzz about it.) It’s a mistake, no doubt. Given the resurgence of catalogs during the pandemic lockdowns, marketers have no doubt that catalogs serve a critical function in the retail and e-commerce experience. much more at: https://freeportpress.com/the-experience-of-the-catalog-is-what-makes-it-work-so-well/
For the November/December period compared with last year: *Comparable sales grew 17.2 percent, reflecting comparable store sales growth of 4.2 percent and comparable digital sales growth of 102 percent. *Traffic increased 4.3 percent and average ticket increased 12.3 percent. *The company continued to gain market share in all five of its core merchandise categories. Sales growth was strongest in Home and Hardlines. *Sales on same-day services (Order Pick Up, Drive Up and Shipt) grew 193 percent. *Drive Up grew more than 500 percent. *Shipt grew more than 300 percent. *Approximately 95 percent of Target's sales were fulfilled by its stores.
Despite all that 2020 heaped on the printing sector, the book manufacturing segment is going strong, driven by an isolated public renewing its connection to reading and, perhaps, by the multitudes of home-bound media experts frantically stocking their “credibility bookcases.” Book manufacturers are managing new ways of serving publishers and the broader market, and embracing new technology where it is advantageous. The segment underwent a drastic shift during 2020, particularly with the divestiture of Quad/Graphics’ book plants from the segment, and the Chapter 11 bankruptcy of LSC Communications. These two developments effectively changed the playing field for U.S.-based book manufacturers, and left numerous book publishers scrambling for available capacity. This article features the insight of four book manufacturing professionals, to provide a better sense of the segment as it is today, and the factors driving opportunity and success. more at: https://www.piworld.com/article/book-manufacturing-outlook-balancing-demand-capacity/#ne=a0dae8603d00a659dbe7da5388ef196c&utm_source=today-on-piworld&utm_medium=newsletter&utm_campaign=2021-01-12
Outsourced marketing execution provider HH Global today announced it has signed an agreement to acquire the Marketing Services division of GBG. The agreement will further strengthen the interactive capabilities of HH Global, following the acquisition of Blueberry Wave in 2019. Existing GBG Marketing Services customers will benefit from the extensive specialist capabilities that HH Global provides. Steve Mattey, Managing Director, Interactive said: “This acquisition strengthens our interactive solutions, supporting our clients’ growing needs for smarter and more advanced marketing execution. We are delighted at the additional marketing technologies and tools this acquisition brings us, as well as the highly skilled team from GBG.” Existing GBG Marketing Services customers will immediately benefit from the extensive specialist capabilities that HH Global provides, across end-to-end marketing execution services.
Rayonier Advanced Materials Inc. announced changes to the management structure in its High Purity Cellulose segment and Pulp business. Dr. Christoph Koenig will assume responsibility for all High Purity Cellulose sales, while Tomas Fernandez will assume responsibility for marketing and customer service, sustainability, high yield pulp and lignin sales, research and development, and other strategic growth initiatives. Dr. Christoph Koenig and Tomas Fernandez each bring over 25 years of experience in business leadership, sales and research and development in the specialty chemical industry.
Kotkamills, a manufacturer of food service board, has signed a Collaboration agreement with Lahti Ski Games. Food and Beverages at the World Cup event will be served in cups, plates and trays made from Kotkamills' food-safe, eco-friendly, fully recyclable and compostable board Kotkamills has previously signed Collaboration agreements emphasizing Sustainability with the Norwich City and HJK football clubs, the KooKoo ice hockey club, and the World Cup Levi of alpine skiing. “Sustainability is an inherent value for both Collaboration parties. We are pleased that the event organizers have wanted to replace the traditional products with new, eco-friendly alternatives , ”says Markku Hämäläinen , CEO of Kotkamills.
Sappi Europe will introduce new barrier coating technology for functional paper packaging at its speciality mill in Alfeld, Germany, strengthening its position as the leading global provider of sustainable paper packaging solutions. Explaining the decision, Berry Wiersum, CEO Sappi Europe stated: “Expanding the use of our proprietary barrier coating technology underpins Sappi Europe’s drive to maintain our leading position in barrier coated paper as well the commitment we have with our customers in developing innovative future focused packaging solutions which contribute towards a sustainable future” *Investment in sustainable barrier coating technology *Comprehensive expertise in future focused functional paper packaging *Where performance meets environmental accountability. The demand for paper and paperboard packaging continues to rise dramatically as consumers become increasingly mindful of the impact their buying choices have on the environment.
Effective with shipments on or after February 8,2021, WestRock Commercial Print will increase the price of PrintKote® C1S and all PrintKote® specialty SBS products by 3 to 5%.
The ODP Corporation confirmed that it has received a proposal to acquire the Company from USR Parent, Inc., the parent company of Staples and a portfolio company of Sycamore Partners. Consistent with its fiduciary duties, ODP’s Board of Directors is carefully reviewing the proposal in consultation with its financial and legal advisors to determine the course of action that it believes is in the best interests of the Company and its shareholders. As part of its review, the Board is evaluating various components of the proposal, including potential antitrust and other regulatory challenges given USR Parent’s ownership of Staples and past regulatory decisions blocking the combination of the two companies, purchase price, and closing conditionality. The Company noted that, according to its letter to ODP, USR Parent expects the regulatory process to take at least six months.
According to the recently published comprehensive Life Cycle Assessment (LCA) study, paper-based single-use products provide significant key environmental advantages when compared to reusable tableware for in-store dining in Quick Service Restaurants (QSR). These advantages are primarily driven by the carbon emissions related to the amount of energy required to wash the tableware as well as the amount of freshwater used in the washing process in a multi-use system. A recent study conducted by Ramboll, a leading global engineering, design and consultancy company and certified by TÜV, one of the world’s leading testing service providers, compares the environmental impact of paper-based single-use packaging to that of reusable tableware in an in-store dining setting in Quick Service Restaurants in Europe. The full environmental impact was scientifically measured for both applications across multiple criteria and scenarios. Importantly, the results showed that: • For climate change, the single-use system shows very significant benefits. In fact, in the baseline scenario, the polypropylene-based multi-use system was responsible for generating 2.7 times more CO2-e emissions than the paper-based single-use system. The single main contributor to climate change impact in the multi-use baseline scenario is the electricity demand of the washing process. Overall, the use phase accounts for 83% of the total aggregated impact. • For Freshwater Consumption, there are also very significant environmental benefits to the single-use system. The multi-use system used 3.6 times the amount of freshwater in the baseline scenario.
Bauer Media UK is to add two new magazines to its successful Puzzles portfolio. The company, which already publishes a number of Take a Break puzzles magazines, today launches Bella Puzzles Train Your Brain – a brand extension to Bella, one of the nation’s most popular women’s weekly titles. The monthly title, priced at £2.50, offers 84 pages of challenging puzzles to help train the brain as well as features on mindfulness, well-being and health that will feel familiar to Bella readers. A second standalone title, Bigger Better Puzzles, hits newsstands on Thursday (14 January) and marks Bauer Media UK’s first dedicated large-print mixed puzzle magazine.
Enthusiast magazines Rock and Ice and Climbing, which have been rivals for 36 years, are now one entity. The future merger was announced when Big Stone Publishing was acquired by Pocket Outdoor Media in October 2020. The new combined publication, called Climbing, debuts this spring — but it will be written by the editorial staffs of both magazines. To date, there has been no mention of staff reductions. The future Climbing will include art makeovers and upgrades, as well as more content and higher production values. Editors describe the alliance as “having a partner to help solve an elusive crux, rather than trying to unlock it yourself.”
North Island Media has joined Two Sides North America, the non-profit organization that promotes and encourages the responsible production, use, and sustainability of print, paper, and paper-based packaging. “Two Sides North America welcomes North Island Media as a new member and we look forward to working with them to expand our reach within the Canadian printing industry. Two Sides materials and content cover the sustainability aspects of print and paper in both the US and Canadian markets and are available to member companies in both countries,” said Phil Riebel, Two Sides North America President.
“Lift Off” is the new Sappi publication that explores and explains how pairing print with digital can be a potent formula for transforming marketing results. After all, there’s a reason why nine out of ten people remember a brand after receiving its advertising in their letterboxes. And why campaigns that use magazines deliver a 161% improvement in customer acquisition. And why, for that matter, targeted printed catalogue distribution during peak periods can generate ROI of between 300% and 900%. And there’s no reason why the strategic marketing implications of facts like these shouldn’t be brought home to more brands, advertisers and consumer companies.
Amcor announced the ‘Reducing CO2 Packaging’ Label from the Carbon Trust can now be printed on Amcor packaging to demonstrate significant carbon footprint reductions. It’s part of the company’s lifecycle assessment service, which enables brands to measure their packaging’s carbon footprint from raw materials through end-of-use. The announcement comes at a time when sustainability is an increasingly important factor in consumers’ purchasing decisions. Carbon labelling is a way for brands to demonstrate their contributions to a lower carbon economy. Amcor has been leading in the packaging industry in lifecycle assessment expertise since pioneering its ASSET™ lifecycle assessment service over 10 years ago. Detailed packaging lifecycle reports provide fact-based criteria to identify lower environmental footprint options, enabling brand owners to make informed packaging decisions. The company conducts over 1,000 packaging assessments for its customers each year.
The Nomination Committee of BillerudKorsnäs has decided to propose that Jan Svensson shall be elected as Chairman of the Board of BillerudKorsnäs, at the Annual General Meeting that will be held on 5 May 2021. Jan Åström has announced that he is not available for re-election as Chairman of the Board, but as a continued member of the company's Board, and the Nomination Committee will propose that he is elected to this role. Michael M.F. Kaufmann, Chairman of the Nomination Committee commented: “The Nomination Committee is very pleased to propose Jan Svensson as new Chairman. We are convinced that Jan Svensson, with his broad industrial experience as well as excellent strategic and leadership skills, will provide the company with a chairmanship that is right for the company. The Nomination Committee also wants to point out the important contributions by Jan Åström during his term as Chairman of the Board, including his recruitment of a new CEO.”
The Mondi WorldStar Award winners are: ‘Transit’ category: EnvelopeMailer – by Mondi Corrugated Solutions (Mondi Bupak, Czech Republic); FloralBox – by Mondi Corrugated Solutions (Mondi Tire Kutsan, Turkey); SupremeBox – by Mondi Corrugated Solutions (Mondi Warszawa, Poland); BrakeBooster for aPak AB – by Mondi Corrugated Solutions (Mondi Ansbach, Germany); BrightBox for aPak AB – by Mondi Corrugated Solutions (Mondi Ansbach, Germany) ‘Packaging materials & components’ category: Mono-material film for thermoforming for Hütthaler - by Mondi Consumer Flexibles; PerFORMing for REWE Austria – by Mondi Functional Paper and Films ‘Point of sale’ category: OnePiece –by Mondi Corrugated Solutions (Mondi Tire Kutsan, Turkey) Further details on the award-winning packaging innovations at: https://www.mondigroup.com/en/newsroom/press-release/2021/mondi-celebrates-eight-wins-at-the-2021-worldstar-packaging-awards/
Abercrombie & Fitch Co. provided an update to its fiscal fourth quarter 2020 plan. The company expects: *Net sales to decline in the 5% to 7% range versus plan of down 5% to down 10%, reflecting ongoing digital momentum offset by store closures and capacity restrictions in North America and EMEA. *Gross profit rate to be up at least 130 basis points to last year’s 58.2% versus plan of flat to up slightly, benefiting from reduced depth and breadth of promotions and markdowns relative to plan and to last year. *Operating expense, excluding other operating income, to be down at least 2% from fiscal 2019 adjusted non-GAAP operating expense of $566 million, reflecting savings in store expenses due to closures and the recognition of rent abatements. This compares to plan of up 1% to 2%.
Our resin suppliers are implementing their fifth increase for the year of 2020. The reasons for this increase are continued strong demand and the rising cost of feedstock. Subsequently, Houston Poly must increase prices by 6% effective on all orders placed on or after January 18, 2021. Houston Poly reserves the right to limit order quantities for immediate shipment.
Now Astrolite PC 100 Velvet is available in a 9 pt. caliper for postal-compliant oversized postcards. The only premium coated 100% recycled sheet made in America, Astrolite PC 100 Velvet is coated on two sides and crafted with only post-consumer waste recycled fiber. Like all Monadnock paper and packaging materials, it is made with responsibly sourced FSC-certified fiber, manufactured carbon neutral (VERs), and made with 100 percent renewable Green-e certified wind powered electricity (RECs) under a third-party certified ISO 14001 Environmental Management System. “Eco-conscious marketers are seizing opportunities to grow brand presence and drive sales by re-embracing direct-mail tactics in their omnichannel campaigns. They are finding fresh new ways to reach screen-fatigued consumers and prospects,” said Julie Brannen, Director, Sustainability Solutions, Monadnock. “Our Astrolite PC 100 Velvet 9 pt. meets their needs for sustainable, high-quality graphic reproduction in oversized USPS direct mail marketing communications.”
New Packaging Facts Booklet Shares the Great Sustainability Story of Paper-based Packaging - The paper-based packaging industry has long been committed to continuous environmental performance improvement and to transparently conveying the environmental impacts of its operations and products. With growing consumer, business and political interest in packaging and its role in the transition to a more sustainable, circular economy, the opportunities to communicate the inherently sustainable benefits of paper-based packaging with straightforward, credible and relatable information are greater than ever before. Paper Packaging – The Natural Choice provides 7 powerful reasons why paper-based packaging is the natural choice for brands, retailers and consumers, and offers a wide range of supporting facts from credible third-party sources. By fostering a better understanding of the industry’s environmental credentials, Two Sides seeks to ensure that paper products, through their myriad uses, remain an essential part of everyday life.
*Total net sales of $148.7 million increased by 3.3% for the 2020 holiday period compared to $143.9 million for last year’s comparable nine-week holiday period ended January 4, 2020 (the “2019 holiday period”). *Total comparable net sales, including both physical stores and e-commerce, increased by 2.7% for the 2020 holiday period compared to a decrease of 2.0% for the 2019 holiday period. Comparable net sales of Footwear, Womens and Mens increased compared to the 2019 holiday period, partially offset by decreases in Boys, Accessories and Girls. *Comparable net sales in physical stores decreased by 12.4% for the 2020 holiday period compared to a decrease of 2.7% during the 2019 holiday period. Comparable net sales in physical stores decreased in all geographic markets during the 2020 holiday period compared to the 2019 holiday period. Net sales in physical stores represented 69.0% of total net sales for the 2020 holiday period compared to 80.5% of total net sales during the 2019 holiday period. *E-commerce net sales increased by 65.2% for the 2020 holiday period compared to an increase of 1.0% during the 2019 holiday period. E-commerce net sales increased across all 50 states during the 2020 holiday period compared to the 2019 holiday period. E-commerce net sales represented 31.0% of total net sales for the 2020 holiday period compared to 19.5% of total net sales during the 2019 holiday period.
On Thursday 11 February 2021, the IJmond Sustainable Award will be presented during the digital kick-off conference of the Upcycle Your Waste project for a circular economy. The IJmond Environment Agency grants this award to companies that consciously opts for sustainability in its business operations and / or product(s). The nominees for this year are BTAC Solutions in IJmuiden, Patina Dakdenkers in Beverwijk and Crown Van Gelder in Velsen-Noord. All three nominees show how logical, important and diverse sustainable entrepreneurship can be. This years theme is pioneering, which all nominees fit well into this category. A jury consisting of an aldermen and the winner of the last sustainability award will decide together who will receive the IJmond Sustainable Award. The winner will be announced during the conference on 11 February 2021.
Stora Enso’s design for eco-friendly pellet packaging was awarded with a prestigious Worldstar award. The renewable and recyclable packaging is designed for heavy use in transporting and warehousing of wood pellets for heating. The awarded packaging is a sustainable alternative to the standard plastic bag used in the pellet industry. In the packaging design work, special attention was paid to usability, recyclability and visual appearance. The 12 kg pellet box, which replaces a plastic bag, is easy to bring home from the store thanks to the carrying handle. The packaging is a collaboration between Finnish packaging designer Karoliina Pennanen and the Stora Enso Packaging Automation team.
Huhtamäki Oyj has signed a EUR 400 million syndicated multicurrency revolving credit facility loan agreement (“RCF”) with a maturity of three (3) years. The RCF refinances an existing EUR 400 million credit facility signed in January 2015 and will be used for general corporate purposes of the Group. The RCF has two one-year extension options and the interest margin is tied to three sustainability indicators: 1. Share of renewable or recycled material in products 2. Share of non-hazardous waste recycled 3. EcoVadis rating. “This new financing agreement speaks to how Huhtamaki is serious about its ESG ambitions. By directly linking sustainability to our financing, we are taking yet another step in embedding sustainability in everything we do,” says Thomas Geust, CFO of Huhtamaki.
With all major categories posting increases, unit sales of print books rose 8.2% in 2020 over 2019 at outlets that report to NPD BookScan. For the year ended January 2, 2021, units hit 750.9 million, up from 693.7 million a year ago. While the book industry was concerned that sales would collapse when pandemic-induced store lockdowns were imposed in the spring, sales never saw a serious decline despite the other effects of Covid-19 on the business. Online sales and sales through non-bookstore outlets more than offset declines at physical retailers.
Polyethylene resin producers are implementing a 5th price increase to the market on all grades of polyethylene effective December 1st, 2020. The polyethylene supply chain has had additional production disruptions with unplanned shutdowns in Texas and Mexico. These outages have tightened an already stressed supply chain for raw material as demand for PE products continues to remain strong. Consistent with this market change, effective with orders placed on or after February 6th, 2021 for immediate shipment (normal lead times), Heritage Bag will increase stock pricing on all can liner and food bag products by 6%. Non-guaranteed contracts will also be raised 6% on that date. We are unable to extend additional price protection or accept loading orders in advance of the price increase.
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! register at: https://zoom.us/webinar/register/WN_c0Y_HYBLQ-q5zDvRTo88Lg?utm_medium=email&_hsmi=105454497&_hsenc=p2ANqtz-_sDUdrHspRB07QZuR_U74e8gCtoUmzrWVQ8TXh31iVIuS303LG6r4sQPXOmj5zQUYRNBfAPtZfPUL4MxDSi_W6xazrqEHSpCNPsZipXP5eHF1Kn84&utm_content=105454497&utm_source=hs_email
Well, it’s (finally) 2021. As we crawl carefully, still masked, out of the shadows of 2020, there is still much unknown. One trend I’m trying to understand is which way the external agency vs. in-house agency pendulum will swing. Some suggest that the multilayered crisis that was 2020 now has in-house teams shrinking due to the economic implications. The answer to this is to outsource marketing and creative to agencies, and save employee salaries, while giving companies the ability to flex the work – and the budget – up or down as needed. Things being what they are these days, the ability to quickly pivot your dollars and your direction is critical. But, I’d argue that there are compelling reasons and opportunities to work with an outside agency beyond the fiscal remedy. Even companies that continue to maintain an in-house team can benefit greatly from working with an outside agency: to support an overloaded team, deliver a shot of creative adrenaline or stir up habitual thinking with a new perspective. Learn more at: https://www.jschmid.com/blog/3-hidden-truths-of-hiring-an-outside-agency/
It has been nearly 3 years since our last increase and over that period of time we have experienced rising prices on paper and boxes 9% as well as other raw materials, components & labor rates. We are persistent in our efforts to improve our processes, however the price escalations have exceeded productivity gains. We must raise our prices 3-1/2% effective on all orders placed on or after 02/01/2021.
Industrial Packaging Corporation (IPC) has announced the addition of a new Kraft Paper Honeycomb panel line in Arcadia, WI, located 40 miles northwest of La Crosse, WI. This new equipment adds to IPC’s Honeycomb capacity, currently supplied from Wilton, IA. With two Honeycomb operations in the Upper Midwest, IPC will better service the states of Wisconsin, Minnesota, North Dakota, and South Dakota. Additionally, this will free up capacity restraints in the Wilton, IA facility to better serve Iowa, Nebraska, Kansas, Missouri, and Illinois. IPC is a family owned and has been in business since 1989. In addition to Kraft Paper Honeycomb, IPC manufactures Build Up A-flute products of Angle Pads, U Channels, and Flat Pads, in Tomahawk, WI, Arcadia, WI and Fort Payne, AL.
Due to rapidly increasing feedstock and logistic costs coupled with continued strong demand for plastic products, Berry Global’s raw material suppliers have informed us the previously announced 5th polyethylene price increase will be implemented effective December 1, 2020. In addition, those same suppliers have announced an additional increase for January 1, 2021 which, should it go into effect, will be the subject of a future announcement. Because of the December 1st resin increase, Berry Global will implement a price increase of 6% - 8% (product line specific) on all Can Liners, Food Bags, Table Covers, Aprons, Bibs, Poly Boots and Poly Gloves. This increase will take effect with all orders placed on or after February 8, 2021. Berry Global reserves the right to limit the size of orders to historical quantities to better serve the anticipated demand of our customers. All orders must call for immediate delivery.
Domtar Corporation announced that it has entered into a definitive agreement to sell its Personal Care business to American Industrial Partners (AIP) for $920 million. The sale of Domtar’s Personal Care business represents the culmination of a process announced on August 7, 2020, during which the Company undertook a comprehensive strategic review of value-creating alternatives for the business. With this sale, Domtar is reinforcing its focus on building an industry-leading Paper, Pulp and Packaging company to deliver long-term shareholder value. “This transaction represents a milestone in Domtar’s ongoing portfolio transformation and further advances our strategic initiatives that will position Domtar for a sustainable and successful future,” said John D. Williams, President and Chief Executive Officer of Domtar.
Torstar Corporation announced today it has joined with Golf Town Limited to create a new partnership to acquire SCOREGolf Magazine, including all SCOREGolf content and related assets. SCOREGolf, which started in 1980, is a Canadian media brand that includes SCOREGolf Magazine, the largest circulated golf publication in Canada, as well as SCOREGolf.com, television and video content production, and the ranking of Canada’s Top 59 public golf courses and Top 100 golf courses.
SCA will increase the price of White and Brown Kraftliner by €50 per tonne. The new price is valid for deliveries from February 1, 2021. “The market is characterized by a very strong demand for Kraftliner” says Mikael Frölander, Vice President Sales & Marketing Containerboard.
Flint Group announced the launch of XSYS, a brand-new division, the result of combining Flint Group Flexographic with Xeikon Prepress. Although the two groups have been working closely for some time in support of the flexographic and letterpress markets, this formal alignment will bring even more collaboration and innovation to the group and to its customers. With the tagline Be Brilliant, the new division will work with its customers to honour its claim of Print Solid. Stay Flexible. “With the integration of Xeikon Prepress with Flint Group Flexographic, we are now connecting the dots and are implementing an important step of our strategy to become a full solution provider for the flexographic prepress industry,” said Dagmar Schmidt, President of XSYS. “In forming this new division, we bring together what belongs together: Plates, Processing Equipment (solvent-and solvent free), Imagers, Sleeves and Adapters. And with this move, we expand our expertise towards our customers. The name derives from ThermoFlexX, nyloflex, Xpress and other brands that feature the X, combined with Systems to form the name XSYS.”
Rottneros’ Board has decided on investments to reduce emissions to water at Vallvik Mill. The investments amount to a total of SEK 33 million and are linked to the mill's updated environmental permit, which has now gained legal force, allowing an annual pulp production of 255,000 tons. The decision means that a number of measures will be taken to reduce emissions to water. They will be implemented during the mill's annual maintenance shutdown in 2021. The majority of them are aimed at increasing the proportion of emissions treated in the mill's biological treatment plant, as well as improving the efficiency of the fiberline and thereby minimizing emissions from the bleaching process.
Sappi Maastricht and the Belvédère Wijkontwikkelingsmaatschappij (Neighborhood Development Company, WOM) of the Municipality of Maastricht have signed an agreement that will finalize the sale of the southwestern part of the Maastricht paper mill site to the WOM. The sale and subsequent purchase of this land creates a win-win situation for both parties as well as to the local area and will have no negative impact on employment at the Sappi site. In order to survive in this shrinking market and to guarantee continuity and employment, Sappi Maastricht started three years ago with the transition into luxury packaging board. This activity mainly takes place on the north side of the company site. The southwestern part is therefore less intensively used and was eligible for sale to the WOM. Ferdinand Koster, director of Sappi Maastricht commented: "This sale makes it possible for us to invest in the future of Sappi Maastricht. We will use the resources to improve internal logistics and additionally improve the sustainability of our production processes. "
E-commerce may be booming, but the packaging that items come in has become a concern for consumers. What can designers do to make packaging affordable, reliable and eco-friendly? Delivery services and e-commerce have seen a jump in demand as more people than ever are working, learning and socialising from home. This increase in online shopping has a downside, however – a corresponding rise in waste. These interrelated trends have shone a spotlight on the role of packaging. How a product looks – and ships – plays an essential role in the decision to buy an item, the process by which it arrives at a home and the way it eventually leaves. With the at-home economy likely to continue at least in the near future, increasing the sustainability of packaging will be key to reducing the carbon footprint of e-commerce.
National Average Price for Regular Unleaded Current: $2.302; Month Ago: $2.159; Year Ago: $2.596. National Average Price for Diesel Current: $2.584; Month Ago: $2.450; Year Ago: $3.017.
American Dollar to Canadian Dollar = 0.787610; American Dollar to Chinese Yuan = 0.154691; American Dollar to Euro = 1.225010; American Dollar to Japanese Yen = 0.009624; American Dollar to Mexican Peso = 0.050011.
Over the course of the last 12 months, we have experienced negative cost pressure due to inbound/outbound freight issues, higher import tariffs, and increased costs of raw materials. These costs have impacted our entire range of products. Until now, improvements in manufacturing and logistic efficiencies have enabled us to mitigate increased costs. However, we are no longer able to absorb the full impact of these costs on our business. Effective on orders received on or after January 18, 2021 we will implement a 6% price increase on all stock and custom orders. Thank you for your understanding and your continued support of 3A Composites.
Please be advised that KODIAKOOLER® will generally increase prices on all products effective January 31st, 2021. This decision did not come lightly as many factors contributed to the necessary change including: Increase costs of our raw materials; Increases in freight from our shippers and logistics; Increase cost and demand brought on by COVID-19; Increase costs of labor. Please be assured that KODIAKOOLER has made every effort to keep this increase to a minimum and will continue to monitor current situations that could affect future price structures.
L Brands, Inc. reported net sales of $3.836 billion for the nine weeks ended Jan. 2, 2021, compared to net sales of $3.906 billion for the nine weeks ended Jan. 4, 2020. Comparable sales increased 5 percent for the nine weeks ended Jan. 2, 2021, compared to the nine weeks ended Jan. 4, 2020. At Bath & Body Works, comparable sales increased 17 percent for the nine weeks ended Jan. 2, 2021, including a comparable sales increase of 5 percent in stores and 64 percent sales growth in the direct channel. The merchandise margin rate for the quarter-to-date period increased significantly. At Victoria’s Secret, comparable sales decreased 9 percent for the nine weeks ended Jan. 2, 2021, including a comparable sales decrease of 23 percent in stores and 24 percent sales growth in the direct channel. The merchandise margin rate for the quarter-to-date period increased significantly.
Costco Wholesale Corporation reported net sales of $19.14 billion for the retail month of December, the five weeks ended January 3, 2021, an increase of 12.3 percent from $17.04 billion last year. For the 18 weeks ended January 3, 2021, the Company reported net sales of $65.47 billion, an increase of 14.9 percent from $56.99 billion during the similar period last year.
First quarter results, year-over-year: *Sales increased 5.7 percent to $36.3 billion, up 5.2 percent on a constant currency basis *Loss per share was $0.36, compared to EPS of $0.95 in the year-ago quarter, including a $1.73 per share charge from the company's equity earnings in AmerisourceBergen; Adjusted EPS decreased 11.2 percent to $1.22, down 11.6 percent on a constant currency basis, reflecting an estimated adverse COVID-19 impact of $0.26 to $0.30 per share *Net cash provided by operating activities was $1.2 billion, an increase of $134 million; Free cash flow was $763 million, an increase of $90 million, or 13 percent
Last September, PEFC Austria concluded the Wish forest campaign, run in collaboration with DIY store BAUHAUS and laminate flooring brand LOGOCLIC. The campaign saw 60,000 trees planted in Austrian forests, with active support of pupils from local primary schools. The young trees for the planting campaign were sponsored by LOGOCLIC and BAUHAUS. The companies promised to plant a tree for every five m2 of LOGOCLIC Wish Forest Edition laminate flooring sold. The final outcome for 2019 was an incredible 60,000 trees planted in the autumn.
ePac Flexible Packaging is excited to announce the opening of ePac Seoul, Ltd., its first location in South Korea. ePac Seoul is now open to take orders and will be located about 90 minutes outside of Seoul at 3F, Building C, 195-20, Jayumuyeok-gil, Baeksan-myeon, Gimje-si, Jeollabuk-do, Republic of Korea 54325. The new location will be managed by ePac Holdings Asia in partnership with ePac Holdings and CC Labs, a South Korean company. ePac Seoul’s managing director is Mr. Kim Min-Choel. According to Mr. Kim: “With small and medium-sized businesses accounting for 99% of all South Korean enterprises, 89% of employment, and strong government support, we’re excited to enter this market.
No one was hurt after a fire erupted Monday morning, Jan. 4, 2021, in one of the paper machines at Paper Excellence Canada in Port Alberni. “We had a paper fire on the No. 4 paper machine in the dryer section,” Paper Excellence Canada Alberni division general manager Marc Bodin confirmed. Bodin said preliminary checks indicate damage was not extensive. “It looks like there was minimal damage to the machine itself.” The No. 5 machine remains in production. Bodin said he doesn’t anticipate Monday’s fire affecting the Alberni plant’s overall production. “We’re not expecting any significant down time or loss of production as a result,” he said.
Citing volume declines in an already challenging retail environment and exacerbated by the COVID-19 pandemic, Sussex, Wis.-based Quad closed out a tumultuous 2020 by announcing it will permanently cease print manufacturing operations at three production facilities in early 2021, impacting approximately 650 workers. Work currently performed in these commercial printing plants will be consolidated into other existing Quad locations. Its Fernley, Nev., plant will close in late January. The facility specializes in retail advertising inserts and employs approximately 75 people. Quad's Oklahoma City plant will be shuttered in early March. Employing approximately 400 workers, the plant produces magazines, catalogs, and retail advertising inserts. The Nashville, Tenn., facility will permanently close by mid-April. The plant specializes in retail advertising inserts and employs approximately 175 people.
Amazon announced its first-ever purchase of eleven Boeing 767-300 aircraft, expanding its fleet to continue to serve customers. The purchases include seven aircraft from Delta and four aircraft from WestJet, which will join the network by 2022. Amazon Air’s fleet expansion comes at a time when customers are relying on fast, free shipping more than ever. “Our goal is to continue delivering for customers across the U.S. in the way that they expect from Amazon, and purchasing our own aircraft is a natural next step toward that goal,” said Sarah Rhoads, Vice President of Amazon Global Air. “Having a mix of both leased and owned aircraft in our growing fleet allows us to better manage our operations, which in turn helps us to keep pace in meeting our customer promises.”
Wyndham Destinations and Meredith Corporation announced that Wyndham Destinations has acquired the Travel + Leisure brand and all related assets from Meredith Corporation, combining the travel company’s portfolio of resort, membership, and lifestyle travel brands with the world’s most trusted travel lifestyle content curator and its travel clubs. “We acquired Travel + Leisure, including access to its global audience of 35 million loyal followers across multiple platforms and nearly 60,000 club members, because it matches our passion and purpose to put the world on vacation. Over the past 18 months, we have laid the foundation to expand our footprint beyond our core vacation ownership business, and today we add one of the most trusted and influential brands in travel through the acquisition of Travel + Leisure,” said Michael D. Brown, president and chief executive officer of Wyndham Destinations. “This iconic brand, along with its authoritative content and wide audience, will help accelerate and amplify the growth of new capital-light travel businesses and services, as we take the next step in expanding our reach within the global leisure travel industry.”
AmerisourceBergen Corporation and Walgreens Boots Alliance, Inc. announced strategic agreements under which AmerisourceBergen will acquire the majority of Walgreens Boots Alliance’s Alliance Healthcare businesses for approximately $6.5 billion, comprised of $6.275 billion in cash and 2 million shares of AmerisourceBergen common stock. AmerisourceBergen’s acquisition of Alliance Healthcare will provide even stronger support for pharmacies and pharmacists across the globe and integrated solutions for pharmaceutical manufacturers. Walgreens Boots Alliance will be able to increase its focus on expanding its core retail pharmacy businesses, bringing even greater healthcare offerings to patients and customers and further accelerating its progress on its clear set of strategic priorities.
GP reached an agreement today to sell the company‘s nonwovens business to Glatfelter, a leading global supplier of engineered materials, headquartered in Charlotte, North Carolina, for $175 million. The sale must still go through customary closing conditions and regulatory clearances from competition authorities. The proposed transaction includes Georgia-Pacific’s nonwovens operations at Mt. Holly, North Carolina, which produces airlaid nonwoven material for commercial customers used to make table top, wiping, food pads, hygiene and related products, and a research center in Memphis, Tennessee.
National Graphic Solutions (NGS), of Appleton, Wisconsin, a leading print partner to the publishing industry for children’s books, educational products, and the general book market, has been acquired by BR Printers of San Jose, California. NGS web offset and sheet fed print capabilities, coupled with extensive bindery, and finishing operations, allows the company to execute simple to complex projects, short to long runs, and standard to unique trim sizes. The company produced over one hundred million (100,000,000) books last year. In addition, NGS offers kit building and fulfillment solutions coupled with complete project management services.
CJK Group, Inc. has purchased two eight-color Komori Lithrone G40 perfecting presses (GL840P) for installation at two of its printing plants: Sheridan KY in Versailles, Kentucky and Hess Print Solutions in Brimfield, Ohio. CJK Group has been successful in redefining the entire book supply chain to overcome the challenges book and content publishers have experienced in this market. The company believes strongly that advances in print technology that allow for increased customization, shorter runs and faster turnaround will spur dramatic growth in this sector by giving today’s publishers, educators, catalogers and information providers the option to partner with exceptionally creative print providers that can produce their work. With this focus as its driving force, CJK Group has grown quickly over the last decade through numerous acquisitions to build what is now a multifaceted organization with extensive offset, digital and fulfillment production capabilities.
Mondi has agreed to acquire 90.38% of the outstanding shares in Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.Ş from International Paper for a total consideration of €66 million. The implied enterprise value on a 100% basis would amount to around €88 million. Olmuksan is a leading and well-established corrugated packaging player in Turkey, listed on the Istanbul stock exchange. Its network of five plants provides a diverse customer base with high-quality sustainable packaging for food, beverage, agriculture and industrial applications. For the twelve months ended 30 September 2020, the Company produced 256 thousand tonnes of corrugated packaging and generated revenues of TRY1,093 million (€150 million). Mondi has operated successfully in Turkey for many years and has developed a strong understanding of the market and its long-term opportunities. Our current Turkish footprint includes four corrugated packaging plants and a recycled containerboard paper mill, as well as three flexible packaging sites. Leveraging our expertise and experience in this market, together with our global virgin and recycled containerboard portfolio, we expect to generate significant operational improvements and paper integration upside.
International Paper has entered into an agreement to sell its 90.38% ownership interest in Olmuksan International Paper to Mondi Group for approximately €66 million. The Olmuksan business includes corrugated packaging facilities in Turkey with an approximate annual revenue of TRY1,093 million (€150 million). The transaction is expected to close in the first half of 2021, subject to certain closing conditions and regulatory approvals. This action is in line with International Paper's strategy to serve markets from an advantaged position. Corrugated packaging remains a strategic business for International Paper in EMEA.
Avery Dennison announced that it has acquired the business of Ohio-based ACPO Ltd. for the purchase price of $87.6 million, subject to certain post-closing adjustments. ACPO is a leader in pressure-sensitive overlaminate products for the label and flexible packaging markets and has approximately 170 employees. Avery Dennison has acquired the majority of ACPO’s assets, including coating, finishing and distribution operations at its Oak Harbor, Ohio, headquarters, as well as three finishing and distribution sites in Atlanta, Georgia; Oak Creek, Wisconsin; and Vancouver, Washington. ACPO employees will transition to the Avery Dennison Label and Graphic Materials team.
Postal Regulatory Commission (PRC) Chairman Robert G. Taub announced that Commissioner Ashley E. Poling has been unanimously elected as Vice Chairwoman of the Commission, succeeding Vice Chairman Michael Kubayanda. PRC regulations state that the Commission elect a member to serve as Vice Chairman for a term of one year. Chairman Taub said he is elated Commissioner Poling has agreed to serve in the capacity of Vice Chairwoman. “She has a unique understanding of the challenges at hand and understands the importance of the regulators' role as we navigate the complexities involved in making sure we have a vibrant postal system for years to come.”
Tronox Holdings plc, a leading integrated manufacturer of titanium dioxide pigment, received a decision from the British Competition and Markets Authority indicating that it intends to open a Phase 2 investigation into Tronox’s proposed acquisition of the TiZir Titanium and Iron business from Eramet S.A. (the “Seller”) as announced on May 14, 2020. As a standard part of the process, the Company may offer remedies to the CMA before it reaches a final decision on whether to begin a Phase 2 investigation. The Company will keep the market informed of the progress of the transaction. The transaction did not require notification in the United Kingdom or meet premerger reporting thresholds in the United States; however, the CMA and the Federal Trade Commission each launched investigations into the transaction, and the Company has been cooperative throughout these reviews.
As the climate changes, ecosystems around the world are also changing. Some say trees are getting shorter and younger, but there are ways to mitigate this. Environmental and climate changes are transforming the world’s forests. A new study published by scientists at the Pacific Northwest National Laboratory (PNNL) suggests that these changes are causing trees to become smaller and younger. Is this really the case and if yes, what can we do about it? Indeed, the rising temperatures are a source of stress for trees. Matti Maajärvi, Senior Specialist of Global Forest Affairs at UPM Forest, says that as the climate changes, “the frequency of negative natural phenomena – such as extreme droughts, forest fires and mass outbursts of pests – can impact the forests adversely.”
For families stuck indoors and desperate for entertainment, a cardboard box can transform into a makeshift playground for the kids or a refuge for the cats. Day to day, though, they have been a crucial if often overlooked link in the nation’s supply chain. But now boxes are piling up in homes across the country because of the explosive growth in e-commerce this year. That’s left the corrugated packaging industry dependent on consumers to recycle the products to support its financial and environmental needs. Corrugated box shipments grew 9 percent in March from the year-ago period, industry data shows, despite a brief dip in revenue when the pandemic’s initial shock froze up the supply chain. But shipments were again soon boosted by retailers’ overstocking of food, cleaning supplies and toilet paper amid the panic buying so prevalent in the early days of the coronavirus pandemic. Shipments continued to climb through the fall, peaking in October, and box makers are on pace to end the year with record production to meet this year’s skyrocketing demand. Click read more below for the rest of the article.
Ennis, Inc. announced that one of its wholly owned subsidiaries has entered into a Letter of Intent to acquire the assets and assume some liabilities of Infoseal LLC (“Infoseal”) in Roanoke, Virginia. Infoseal provides pressure seal and tax forms products to independent print brokers and resellers. The Ennis subsidiary, operating under the Infoseal brand and name, will continue to operate in the current facility with a multi-year lease. Infoseal employees and local management are expected to continue working with the newly acquired Infoseal with no disruption in service. Ennis believes that the acquisition will be accretive to earnings in the current year and expects the transaction to be effective at the close of business on December 31, 2020. Keith Walters, Chairman, Chief Executive Officer and President of Ennis, Inc., commented by stating, “We are very pleased to add Infoseal to the Ennis family. Infoseal is a leader in the production of pressure seal documents and this well-known brand brings added capabilities and expertise to our expanding product offering including our existing VersaSeal pressure seal product line.
Metsä Board, part of Metsä Group, announced on 1 December 2020 that it had signed an agreement to sell a 30 percent stake in its Husum pulp mill in Sweden to the Swedish forest owners' cooperative Norra Skog. The transaction was completed on 4 January 2021, and its impacts will be included in Metsä Board's financial reporting as of the January–March 2021 interim report.
In the last full shopping week before Christmas, unit sales of print books fell 3.5%, compared to the similar week in 2019, at outlets that report to NPD BookScan. Sales were down in the four biggest segments, with juvenile nonfiction units falling the most, dropping 9.2%, compared to the week ended Dec. 21, 2019. The Unofficial Harry Potter Cookbook by Dinah Bucholz was #1 on the category list, selling over 35,000 copies. Last year at this time, the title sold more than 37,000 copies and was in third place, topped by Raina Telgemeier’s Guts (about 43,000 copies sold) and The Try Not to Laugh Challenge by Crazy Corey, which sold about 39,000 copies. The juvenile fiction category had a 4.4% decline in the week, with Cat Kid Comic Club by Dav Pilkey at #1, selling over 88,000 copies.
“We delivered 103.5 million seedlings, which is over a million more than our previous record. It’s great to have succeeded so well, especially considering the coronavirus pandemic. In the spring, we were concerned that we would be forced to discard seedlings due to the coronavirus, but it turns out we didn’t have to. Instead, we had a record season that will be hard to beat for a while,” says Peter Engblom, business developer at NorrPlant. Of the 103.5 million seedlings that were delivered, 63 million were pine seedlings, 33 million spruce seedlings, 7 million contorta pine seedlings and nearly 600,000 larch seedlings. “Pine dominates the forests owned by SCA. Deliveries of pine seedlings are also increasing among our external customers,” says Peter. The majority of seedlings were delivered to external customers, from Karlstad in the south to Kiruna in the north. NorrPlant also exported some seedlings to Sweden’s neighboring countries.