PPC Flexible Packing LLC, a leading provider of custom flexible packaging, today announced the acquisition of North Salt Lake, UT – based Target Labels and Packaging, LLC. Target is the seventh acquisition of specialty and differentiated flexible packaging firms by PPC in the past four years. All businesses have been successfully integrated into the PPC Flexible Packaging “One PPC” enterprise and are executing aggressive growth strategies. PPC, headquarted in Buffalo Grove, IL, is a leader in flexographic printing and converting of flexible films, bags and pouches. It is a recognized pioneer in cleanroom packaging for healthcare and medical applications, snack and organic brands, specialty produce, pet, nutraceutical, bakery and horticulture. The firm operates nine manufacturing facilities in Buffalo Grove, IL, Mission, KS, Rome, GA, Payson, UT, Pewaukee WI, Colombia, South America, McKinney, TX, Alliance, OH and North Salt Lake, UT. Its facilities are AIB, SQF and ISO-9001 certified. Founded in 1968, PPC strives to provide the highest quality products with best-in-class lead times to service emerging and established brands.
Ahlstrom-Munksjö has received the 2021 Supplier Distinction Award for Sustainability by Avery Dennison during an online ceremony. Avery Dennison is a world leader in pressure-sensitive adhesive (PSA) materials for labels and graphic applications and a global customer for Ahlstrom-Munksjö’s specialty papers. Avery Dennison’s Vice President, Global R&D LGM, Dr. Pascale Wautelet, commented that the decision was taken considering Ahlstrom-Munksjö’s efforts in areas such as weight reduction, recycling of waste and CO2 from transportation, and also acknowledging the supplier’s strong level of partnership and engagement on a number of Avery Dennison driven initiatives in the area of sustainability, such as the global consortium CELAB (Circularity for Labels) for recycling of PSA liner and matrix. “They continue to demonstrate an exceptional track record of excellent service and quality, which is complemented as well by the gold rating in sustainability performance from EcoVadis.” “We see Avery Dennison as a frontrunner driving sustainability in the value chain; a benchmark and a source of inspiration for us and the whole industry. Ahlstrom-Munksjö’s mission is to provide sustainable and innovative fiber-based solutions for a better everyday life. We consider this award as a strong evidence of our common desire to continue our journey together for the years to come,“ said Ahlstrom-Munksjö’s President and CEO Hans Sohlström.
The U.S. Postal Service today announced its financial results for the 2021 second quarter ended March 31, reporting a net loss of $82 million, compared to a net loss of approximately $4.5 billion for the same quarter last year, as a pandemic surge in demand for package deliveries was not enough to offset increased operating costs and a decline in revenue from mail services. *Adjusted loss of $1.7 billion for the quarter compared to an adjusted loss of $1.9 billion a year earlier (excludes non-cash workers' compensation adjustments) *Results reflect a pandemic surge in demand for package deliveries, increased operating costs and a continued decline in revenue from mail services *Quarter featured the release of the 10-year 'Delivering for America' plan - a comprehensive vision for restoring financial sustainability and service excellence to USPS *Service performance improved in the quarter, with improvements continuing. Network infrastructure investments projected to meet customer’s evolving needs ahead of the 2021 holiday season.
First Quarter 2021 Consolidated Results • First quarter revenues of $777.1 million decreased 18.1% as compared to the prior year quarter. ◦ Same store revenues decreased 16.5% compared to the first quarter of 2020, due to unfavorable impacts resulting from the COVID-19 pandemic and general trends adversely impacting the publishing industry. • Digital advertising and marketing services revenues reached $195.2 million in the first quarter, or 25.1% of total revenues. • Digital-only circulation revenues of $23.2 million grew 46.7% in the first quarter of 2021 compared to the same period in the prior year attributable to a 37% increase compared to the same period in the prior year in digital-only subscriptions. Digital-only subscriptions totaled approximately 1.2 million at the end of the first quarter of 2021, adding 120,000 net new subscriptions in the first quarter. • Net loss attributable to Gannett of $142.3 million in the first quarter reflects a $126.6 million non-cash loss on the derivative associated with the 6% senior secured convertible notes due 2027 (the "2027 Convertible Notes"), a $19.4 million loss associated with the early extinguishment of debt and an additional $10.2 million related to costs incurred in connection with our debt refinancing activities during the quarter.
First Quarter Financial Results Highlights *Earnings before interest, taxes, depreciation and amortization ("EBITDA") from ongoing operations for Aluminum Extrusions of $13.3 million was $1.6 million higher than the first quarter of 2020 *EBITDA from ongoing operations for PE Films of $7.2 million was $5.2 million lower than the first quarter of 2020 *EBITDA from ongoing operations for Flexible Packaging Films of $9.6 million was $3.1 million higher than the first quarter of 2020
DS Smith, the FTSE 100 sustainable packaging company, today announced a £100m R&D and innovation package to accelerate its work in the Circular Economy. The new investment over five years includes the creation of a new breakthrough technologies hub in the UK, new materials development to replace plastics and a pilot to gauge G-force shock in home delivery packaging. The increased investment underpins the sustainable packaging company’s new Circular Economy led Sustainability strategy which pledges to offer all customers 100% recyclable packaging within two years and replace a billion pieces of supermarket and e-commerce plastic by 2025.
Ahlstrom-Munksjö will invest EUR 58 million in a new glass fiber tissue production line in the U.S. to support the flooring industry in North America. The investment will further strengthen the company’s position as a leading global supplier of high performance materials. The new line will produce a full range of glass fiber tissue nonwovens with a main focus on Luxury Vinyl Tiles and Vinyl sheet materials. Customer deliveries from the new line are expected to start in mid-2023. "The investment in this new state-of-the-art foam forming glass fiber in the U.S. is a major step in Ahlstrom-Munksjö's global growth strategy in glass fiber tissue market. In combination with our existing plants in Finland and Russia, this new plant will further strengthen our leadership in this field by consolidating our global position in flooring applications but also by giving us a unique platform to expand into other glass fiber tissue applications," says Hans Sohlström, President & CEO of Ahlstrom-Munksjö. The new line will be installed on the Madisonville site, Kentucky, where Ahlstrom-Munksjö already has an established plant developing and producing filtration materials for transportation and industrial applications. The necessary land area has been granted by the local authorities in Kentucky.
Worzalla Publishing has purchased a Sunday 2000 web press for its facility in Stevens Point, WI. To meet the growing demand for book production the company consulted with imPRESSions Worldwide who is supplying and installing the commercial press. The eight-unit press will be installed with Contiweb SC splicers and ECOCOOL gas dryers with chills, both PCF1.1 and PFF2 folders, QTI auto-registration and Omnicon press controls. Worzalla specializes in the production of quality printed books. The Sunday 2000 series press is extremely flexible with the ability to print on the widest range of paper stock with the most efficient use of technology, while allowing for less waste and be a greener option for printers. The Sunday platform is used in all areas of web offset printing including catalog, magazine, direct mail, commercial printing, and packaging. With the addition of this press, Worzalla has the capability to expand to meet the growing needs of the US book publishing industry.
You’ve seen them in popular periodicals, industry newsletters and in your email: some self-interested group announces the completion of a “scientific comparison” that “proves” the superiority of an alternative material or “environmentally friendly” substitute for paper or paper-based packaging. The study appears to have all the trappings and buzz words of legitimate research, but is it? To give you an idea of how Two Sides approaches this challenge, what follows are five signs that make us suspicious of half-baked or bogus comparisons to paper. You too can look for these signs whenever these studies cross your desk. To begin with, anyone setting out to prove there’s a better alternative to paper products has a very high hurdle to clear: proving that theirs is more sustainable than paper or paper-based packaging. It can take a lot of data stretching and twisting to yield a conclusion often at odds with the facts, and that kind of manipulation leaves telltale signs.
Greenhouse gas (GHG) emissions at our Kénogami (Quebec) paper mill are set to decrease by approximately 10,000 tons of CO2 equivalent each year, thanks to a $5.5 million investment announced in March 2021. The Quebec Ministry of Energy and Natural Resources’s ÉcoPerformance program contributed nearly $4.1 million in financial support toward the project. Resolute will move quickly to launch some components, namely: optimizing the pulp-refining process with pressurized refiners and generating energy from the recovered steam. Steam recovery will allow the mill to cut down on the use of its natural gas boiler, decreasing GHG emissions. “This project is aligned with Resolute's commitment to responsibly manage our environmental footprint, as well as the Government of Quebec’s support for climate initiatives. Our company, like the forest products industry as a whole, understands the collective role we play in reducing GHG emissions,” said Remi G. Lalonde, president and chief executive officer.