Royle Printing based in Sun Prairie, Wisconsin, is comprised of 285 talented employees, who’ve been offering print solutions to associations, catalogers, publishers, universities and corporate partners since 1948. Royle is excited to roll out a new series of corporate videos on their YouTube and social media channels. https://youtu.be/OiUY1842bjU Meet some of their teams’ friendly faces and see what their culture is all about.
WBA had fiscal 2021 second quarter sales from continuing operations of $32.8 billion, an increase of 4.6 percent from the year-ago quarter, and an increase of 3.5 percent on a constant currency basis1, reflecting strong International segment growth, aided by the company's joint venture in Germany, and the United States segment. Operating income from continuing operations was $832 million in the second quarter, compared with $1.1 billion in the same quarter a year ago. Adjusted operating income from continuing operations was $1.2 billion, a decrease of 22.5 percent on a reported currency basis and a decrease of 22.9 percent on a constant currency basis. Total net earnings attributable to WBA, including discontinued operations, increased 8.4 percent compared with the same quarter a year ago to $1.0 billion, reflecting a gain from the sale of a portion of the company's equity method investment in Option Care Health and a lower effective tax rate driven by discrete items, partly offset by lower operating income. Net earnings from continuing operations in the second quarter increased 6.3 percent compared with the same quarter a year ago to $922 million. Adjusted net earnings from continuing operations decreased 12.1 percent to $1.1 billion, down 12.8 percent on a constant currency basis, compared with the same quarter a year ago.
PEFC-certified cardboard has replaced the plastic packaging around beverage can packs by Estrella Damm, a leading Spanish beverage producer, leading to big reductions in their plastic use. The decision to completely remove the printed plastic packaging from all six, twelve and twenty-four-can packs reduces plastic use by 99 tons a year. The action is an important step in the company’s sustainability strategy. The new packaging is made from PEFC-certified, natural and renewable fibres. Consumers benefit from the new design with rounded edges and different opening options, making it easier to carry and open.
After starting Two Sides North America nearly a decade ago and building it into the highly successful organization it is today, Phil Riebel will retire as president of the organization effective April 1. Kathi Rowzie, who has been running the day-to-day operations of Two Sides since last March, will become president. “Everyone who has worked with Phil over the years knows him as a trusted colleague and passionate advocate for the sustainability of print, paper and paper-based packaging,” said Jeff Hester, chairman of the Two Sides North America board of directors. “Our industry has benefitted enormously from his efforts to build Two Sides into an organization whose voice is recognized and respected across the paper value chain and among many of North America’s leading corporations. As Phil moves on from his Two Sides role to pursue other opportunities within the industry, I want to thank him on behalf of the board of directors for his dedicated service to our Two Sides members and our industry. Though Phil is stepping down, he will remain associated with Two Sides’ mission as a valuable advocate in our strategic efforts.”
The scale and importance of e-commerce has been felt worldwide especially during the current pandemic and is here to stay. It has been the fastest-growing channel as consumers shop online, on their smartphones and through social media. All have come to expect a seamless shopping experience, the omnichannel approach, across multi-platforms from brick and mortar (click & collect) to online. “At Aptar Beauty + Home we are READY to deliver our strategy by focusing on our enablers – sustainability, digitalization and transformation. Offering sustainable and e-commerce capable solutions is critical today. Packaging is the first interaction a customer has with our clients’ products. How it arrives, how it is disposed, and the overall customer experience is what our team is working on every day.” shares Marc Prieur, President, Aptar Beauty + Home.
In February 2021, the Land and Environmental Court in Östersund upheld an appeal from the Skydda Skogen (Protect the Forest) association regarding a number of harvesting notifications on SCA land in Jämtland and Härjedalen. The Court also found in favor of a harvesting ban at the harvesting sites in question. SCA is now appealing this ruling to the Supreme Land and Environmental Court. In accordance with the Swedish Forestry Act, SCA reported the planned harvesting to the Swedish Forest Agency. The Agency had no objections and accordingly, after a period of six weeks, the landowner is free to implement the planned harvesting. The Skydda Skogen association conducted inventories in the areas in question and submitted the results to the Swedish Forest Agency in the form of findings of red-listed plant and animal species. When the Swedish Forest Agency did not act on this information, Skydda Skogen appealed the Agency’s decision – or, more correctly, that it refrained from making a decision. This appeal was upheld by the Land and Environmental Court in Östersund, which also referred the case back to the Swedish Forest Agency and ruled in favor of a harvesting ban.
Smurfit Kappa has announced a further investment of over €25 million at its Pruszkow ‘mega-plant’ located in central Poland. This investment forms part of the accelerated capital investment programme following the company’s €660 million equity capital raise which took place in November 2020. This latest investment will double the output from the facility and result in the creation of 25 new jobs, bringing employment to more than 230 staff at the location. Construction is due to commence in July of this year and be completed during 2022. Upon completion, the newly expanded facility will be 37,500 metres2, making it Smurfit Kappa’s largest facility in Poland and one of the largest facilities for Smurfit Kappa in Europe. The customer portfolio includes some of the leading brands in the FMCG food and beverage sectors and serves both international and local customers.
Servera® papers offer the highest kit level for a paper free of fluorochemicals, while being cost-effective. These eco-friendly papers are available in bleached and natural options. Manufacturing with natural pulp integration, Ahlstrom-Munksjö offers customers the product solutions they desire to address end-user sustainability needs in the QSR market. “Our Servera® papers offer great printability and are flexible for multiple converting processes, in addition to the strength and grease-resistance they provide,” stated Jeff Murphy, Vice President of Ahlstrom-Munksjö’s Food Packaging Solutions business. “Ahlstrom-Munksjö’s extensive history of providing food packaging papers to the Quick Service Restaurant market combined with our vast portfolio of sustainable packaging options makes Servera® papers the best QSR solution in the marketplace.”
Bertelsmann’s Group revenues declined moderately last year by 4.1 percent to €17.3 billion (previous year: €18.0 billion). The organic decline in revenues amounted to 1.7 percent. The advertising-financed businesses and print businesses in particular recorded corona-related revenue declines in the first half of the year. In the second half of the year, almost all divisions were back in the black, especially in the final quarter. The proportion of digital businesses was further expanded, and stood at 53 percent. Operating EBITDA reached a new record level of €3.1 billion (previous year: €2.9 billion). Thanks to a strong operating performance, especially from the Penguin Random House publishing group and the services subsidiary Arvato, as well as capital gains from real estate sales, the operating result rose above the €3 billion mark for the first time. Group profit increased by 34 percent to €1.5 billion (previous year: €1.1 billion) – its highest level since 2006, and above the billion-euro mark for the sixth consecutive year.
Learning technology company Houghton Mifflin Harcourt announced that it has entered into a definitive agreement to divest HMH Books & Media, its consumer publishing business, to HarperCollins Publishers, a division of News Corp for a cash purchase price of $349 million. The divestiture enables HMH to focus singularly on K–12 education and accelerate growth momentum in digital sales, annual recurring revenue and free cash flow while paying down a significant portion of its debt.