Following multiple reports from Intergraf’s member companies of sudden and significant energy surcharges imposed by their paper suppliers, we call for an open and transparent dialogue to de-escalate tensions. Such dialogue is essential to ensure good business relations between our two closely linked industries. European printing companies are shocked following the application of unannounced energy surcharges by paper suppliers across Europe. In the last few days, numerous companies are reporting to Intergraf’s national member associations about letters received from many different paper suppliers imposing energy surcharges with immediate effect – irrespective of the date of order, i.e. on already agreed delivery contracts. Intergraf and our members are concerned about this unsustainable increase, which we find contrary to any conventional commercial practice or trustworthy business relation.
First quarter-to-date service performance scores covering the period Oct. 1 through Oct. 22 included: *First-Class Mail: 91.0 percent of First-Class Mail delivered on time against the USPS service standard, an improvement of 3.0 percentage points from the fourth quarter. *Marketing Mail: 92.8 percent of Marketing Mail delivered on time against the USPS service standard, an increase of .2 percentage points from the fourth quarter. *Periodicals: 83.3 percent of Periodicals delivered on time against the USPS service standard, an improvement of 1.2 percentage points from the fourth quarter.
*Operating cash flow decreased 1% to $54.7 billion for the trailing twelve months, compared with $55.3 billion for the trailing twelve months ended September 30, 2020. *Free cash flow decreased to $2.6 billion for the trailing twelve months, compared with $29.5 billion for the trailing twelve months ended September 30, 2020. *Net sales increased 15% to $110.8 billion in the third quarter, compared with $96.1 billion in third quarter 2020. Excluding the $0.5 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 15% compared with third quarter 2020. *Operating income decreased to $4.9 billion in the third quarter, compared with $6.2 billion in third quarter 2020. *Net income decreased to $3.2 billion in the third quarter, or $6.12 per diluted share, compared with $6.3 billion, or $12.37 per diluted share, in third quarter 2020.
Effective December 26, 2021, the published rates for our services will increase. This helps to support ongoing expansion and capability enhancements as we strive to maintain the high service levels you expect from UPS. Below is an overview of our 2022 Rates*. Package - The following changes will be effective December 26, 2021: The rates for UPS® Ground, UPS Air and International services will increase an average net 5.9% The following changes will be effective January 9, 2022: The Peak Surcharges will be renamed Peak/Demand Surcharges; The list of Zip Codes to which Area Surcharges apply will change. See updated Zip Code listings. details at: https://www.ups.com/us/en/shipping/rates-update.page?
Third Quarter 2021 Summary *Reported sales grew 9%, primarily driven by double-digit core sales growth in Beauty + Home and Food + Beverage from a combination of price increases and volume growth *Core sales (excluding currency effects) increased 8% *Pharma sales declined slightly compared to the prior year *Reported net income totaled $47 million *Acquisition Updates: -Completed the acquisition of 80% of Weihai Hengyu Medical Products, adding elastomeric and plastic component manufacturing capabilities in China for injectable drug delivery -Completed the acquisition of a majority stake in Voluntis, a provider of digital therapeutic solutions
Intertape Polymer Group Inc., a leading manufacturer of tapes, films and protective packaging announced its signing of “The Climate Pledge”. Aligning the Company to the goals outlined in The Climate Pledge fits well with IPG’s commitment to sustainability and its ongoing efforts to continually improve its processes, the communities in which it operates and ultimately, the planet we all call home. The Climate Pledge is a commitment co-founded by Amazon and Global Optimism to be net-zero carbon by 2040. “Signing on to The Climate Pledge is an important step in our sustainability journey at IPG, as we join more than 200 companies with a similar vision of net zero carbon by 2040,” said Greg Yull, President and CEO of IPG. “The climate crisis is real and it is only through strong commitments and actions towards decarbonization from business, policymakers and society that will we be able to right the ship. By signing the pledge, IPG is demonstrating its commitment to play its part.”
January-September 2021 compared with January-September 2020 *Net sales amounted to SEK 14,059m (13,818). The increase was primarily attributable to higher selling prices in all product areas. The discontinued publication paper operations (see page 5) and the divestment of Wood Supply UK (see page 7) had a negative impact on sales. Excluding these effects, net sales increased by 26%. *EBITDA increased 106% to SEK 6,303m (3,0631). The increase was mainly attributable to higher selling prices in all product areas and a stable, low cost level. EBITDA margin increased with 23 percentage points (of which 8 resulted from the discontinuation of publication paper operations and the divestment of Wood Supply UK) and was 44.8% (22.11). *Operating profit increased to SEK 5,226m (1,8531) *Operating cash flow amounted to SEK 3,453m (1,731)
R.R. Donnelley & Sons Company was recognized by Hormel Foods Corporation with a 2020 Spirit of Excellence Award, celebrating RRD’s outstanding labeling work for the global branded food company. “It’s an honor to be recognized by Hormel Foods as one of their top business partners throughout a very trying year,” said Lisa Pruett, President of RRD Packaging Solutions, Forms and Labels. “We are proud to be a dependable supplier to Hormel Foods, servicing the company with high-quality labels with no out of stock SKUs last year — a distinguished accomplishment in light of the unprecedented material shortages and supply chain challenges.” RRD has been working with Hormel Foods for more than 20 years, producing more than 250 million labels annually that are used across the company’s product portfolio at upwards of 20 plant locations. RRD primarily manages the labels used in the branded food company’s operational units.
HIGHLIGHTS • Pulp sales of 2,673 thousand tons (+6% vs. 3Q20). • Paper sales of 336 thousand tons (+5% vs. 3Q20). • Average net pulp price in export market: US$654/ton (+43% vs. 3Q20). • Average net paper price4 of R$4,937/ton (+21% vs. 3Q20). • Pulp cash cost ex-downtime of R$711/ton (+19% vs. 3Q20). • Leverage down to 2.7 times in USD and 2.8 times in BRL.
The American Forest & Paper Association (AF&PA) announced its 2021 Sustainability Award winners today. These awards recognize exemplary sustainability programs and initiatives in the paper and wood products manufacturing industry. “This year was a record-setting year. We received more submissions than ever before,” said AF&PA President and CEO Heidi Brock. “This trend underscores the value of sustainability to our industry. Our members strive to reach new limits of possibility, and these awards give us an opportunity to shine a spotlight on industry innovation.” Better Practices, Better Planet 2020 is one of the longest standing sustainability initiatives for a U.S. manufacturing industry, established more than a decade ago. The Sustainability Award winners demonstrate the industry’s long-held commitment to improving practices that result in a brighter future and better planet. details at: https://www.afandpa.org/news/2021/afpa-announces-award-winning-sustainability-projects-0
Mercer International Inc. reported third quarter 2021 Operating EBITDA increased to a record $148.1 million from $45.6 million in the third quarter of 2020 and from $83.8 million in the second quarter of 2021. In the third quarter of 2021, net income was $69.1 million (or $1.05 per basic share and $1.04 per diluted share) compared to $7.5 million (or $0.11 per share) in the third quarter of 2020 and $21.4 million (or $0.32 per share) in the second quarter of 2021. In the first nine months of 2021, Operating EBITDA increased to $313.9 million from $143.1 million in the same period of 2020. In the first nine months of 2021, net income was $96.5 million (or $1.46 per share) compared to a net loss of $4.3 million (or $0.06 per share) in the same period of 2020.
The Twin Rivers Paper Company, a leading producer of specialty paper products, has received compostability certification from the Biodegradable Products Institute® (BPI®) for its portfolio of EcoBarrier® PFAS-free packaging papers. Products that receive BPI compostability certification have gone through rigorous third-party testing to ASTM standards that ensures items can be safely cycled back into the soil at a commercial composting facility. The BPI certification mark helps consumers identify and trust that an item is compostable. “In addition to meeting our customers’ stringent grease-resistance performance requirements, we’re committed to helping customers meet their sustainability goals,” stated Rachel Van Wychen, Director of Sales – Specialty Packaging and Technical at Twin Rivers Paper. “With the achievement of BPI certification, our EcoBarrier products are 100% recyclable, biodegradable and compostable, making EcoBarrier papers the optimal substrate for sustainable packaging.”
National Average Price for Regular Unleaded Current: $3.401; Month Ago: $3.188; Year Ago: $2.147. National Average Price for Diesel Current: $3.630; Month Ago: $3.326; Year Ago: $2.373.
American Dollar to Canadian Dollar = 0.810159; American Dollar to Chinese Yuan = 0.156347; American Dollar to Euro = 1.165368; American Dollar to Japanese Yen = 0.008787; American Dollar to Mexican Peso = 0.048868.
The modernisation of the Metsä Board Kyro mill’s finishing area has now been completed and the finishing line with new advanced equipment has started up. During the mill’s annual maintenance shutdown in October, a new state-of-the-art reeler and winder were installed on the production line, and the reel broke handling system was significantly upgraded. The investment, announced in December 2019, was worth EUR 20 million. Metsä Board is part of Metsä Group. "The new high automation finishing line will further improve the quality consistency of the paperboard reels and increase the runnability on our customers' converting lines. In addition, the automation will improve upon the existing occupational safety level in the mill's finishing area and reduce the physical workload," says Petri Huiko, Mill Manager at Metsä Board Kyro mill. The Kyro mill produces coated high-quality folding boxboard and innovative dispersion coated barrier board, which helps reduce plastic in consumer packaging. The mill has a production capacity of 190,000 tonnes per year.
Fiscal 2022 first quarter revenues grew 2 percent to $709 million. Looking more closely at the quarter: *Digital revenues grew 24 percent to $200 million. Performance was led by strong 29 percent growth in digital advertising revenues. Meredith continues to benefit from its proprietary technology platform that brings together strong content and trusted brands, unique taxonomy, and first party data. Digital consumer revenues grew 24 percent, with performance driven by Apple News+ and performance marketing via retail partners, including Walmart, Amazon, and Target. *Magazine revenues declined 2 percent to $305 million. Magazine consumer related revenue, which accounted for nearly two-thirds of the segment's revenue, grew 6 percent, driven by newsstand and subscription revenue performance. Magazine advertising revenues declined as expected, due primarily to the food, prescription drug, and beauty categories, which continue to be adversely impacted by current economic conditions including ongoing work-from-home protocols and supply chain disruptions. *Local Media Group revenues declined 7 percent to $209 million. As expected in a non-political year, political spot advertising revenues were lower at $5 million compared to $52 million. Non-political spot advertising revenues grew 24 percent, reflecting a lack of political advertising crowd out, and driven primarily by gaming, professional services, and home categories. Retransmission revenue growth was driven primarily by annual escalations.
Total consolidated revenues increased 9.0 percent to $309.4 million, compared with total consolidated revenues of $283.8 million in the prior year period, reflecting strong ecommerce growth of 10.3 percent including contributions from PersonalizationMall, which the Company acquired on August 3, 2020. Excluding the non-comparable five weeks of contribution from PersonalizationMall in the quarter, total net revenues increased 4.3 percent, compared with the prior year period. Gross profit margin for the quarter was 40.6 percent, a decline of 10 basis points compared with 40.7 percent in the prior year period. Operating expenses as a percent of total revenues, increased 170 basis points to 47.1 percent. Net loss for the quarter was $13.2 million, or ($0.20) per share.
Sonoco announced it is expanding post-consumer recovery and recycling opportunities for its iconic EnviroCan™ paper containers in the U.S. to be used as raw material at 10 of its paperboard mills to produce new paperboard. According to Elizabeth Rhue, staff vice president of sustainability, all of Sonoco’s U.S. paper mills have validated that they can accept rigid paper cans in bales of mixed paper coming from residential Material Recovery Facilities (MRFs). These mills, located in Menasha, Wis., Newport, Tenn., City of Industry, Calif., Hartsville, S.C., Holyoke, Mass., Richmond, Va., Sumner, Wash., Hutchinson, Kan., DePere, Wis., and Wisconsin Rapids, Wis., will use the mixed paper to produce 100 percent recycled paperboard, with up to 85 percent post-consumer fiber. “Sonoco is uniquely positioned as a leading recycler, paper mill operator and paper packaging converter to help grow end of life solutions across not only our consumer and industrial packaging platforms, but across the paper industry,” said Rhue. “After validating that our mills could recycle EnviroCan factory scrap, we are now taking the lead to further demonstrate the ability to recycle our paper containers with metal ends not only through the steel stream, as it is largely done today, but also through the post-consumer mixed paper stream.”
Smurfit Kappa has developed an innovative new packaging solution for detergent together with McBride, the leading European manufacturer of private label products for the cleaning and hygiene market. The Click-to-Lock Pods Box is a 100% paper-based solution which provides a sustainable and safe alternative to the traditional plastic box for laundry pods. The new packaging solution reduces CO2 emissions by 32% during production and is 100% recyclable and biodegradable. It is the latest example of how Smurfit Kappa utilises its circular business model to identify the best packaging solution for each situation alongside reducing the environmental impact. The Click-to-Lock Pods Box is tamper-proof thanks to an effective, certified child-lock system in line with the International Association of Soaps, Detergents and Maintenance Products, following successful protocol testing. It is also moisture resistant, due to a varnish inside the packaging that provides a barrier against any type of moisture from accessing the contents.
Due to ongoing inflationary pressures across most cost categories, including freight and storage, energy, labor, packaging materials, PET resin feedstocks, and other operating costs, Toray Plastics (America) is announcing a price increase of $0.18/lb. on all PET film products effective with shipments on or after December 1, 2021. As you are aware, we at Toray always strive to improve productivity and to reduce internal costs so that such measures can generally be avoided. However, in this highly unusual economic climate, this step has become necessary to allow us to maintain our long-term ability to provide industry-leading technology and product quality while offering the reliable service upon which our customers have come to rely.
Rottneros is partnering with KAPSU, a startup company within the beverage industry, based in Karlstad, to develop and produce a new plastic-free beverage solution. The new container will be made of 100% fiber from local certified forests. The aim is to use their groundbreaking solution to transform the beverage industry through competitive plastic-free solutions, resolving an environmental challenge that people face every day, globally. The solution features a three-part system; a stainless-steel bottle, a container made of 100 percent fiber containing the drink mixes and KAPSU´s own lid technology. The container will be manufactured by Rottneros Packaging. Main focus will be on healthy, functional drinks which are nutritious and low on sugar.
Construction is underway on the Kingsport Mill’s old corrugated container warehouse. The project is yet another example of circular economy principles in action. When the former paper mill’s conversion into Domtar’s first 100 percent-recycled packaging facility is complete late next year, the warehouse will be an important part of its central nervous system. Each year, approximately 660,000 tons of recycled boxes and other kinds of mixed recycled paper used to produce new recycled packaging products will pass through the warehouse. Every aspect of the warehouse was planned with sustainability and circular economy principles in mind, including its location (close to the intersection of Interstate 26 and Interstate 81), the highly efficient industrial vehicles patrolling its interior, and the very concrete on which it is being built.
Catalyst Paper was honoured with a SmartWay® Excellence Award from the U.S. Environmental Protection Agency as an industry leader in freight supply chain environmental performance and energy efficiency. Catalyst partners with SmartWay carriers that share the same values in environmental leadership. These carriers invest in energy efficient lightweight equipment that allows Catalyst to plan and load equipment to maximum capacity to reduce the number of trucks and railcars shipped.
Ahlstrom-Munksjö's sterile barrier systems offer excellent bacterial barrier thanks to cellulosic fibers that create a tortuous path for excellent sterility maintenance of surgical instruments up to the point of use. Thanks to their features, our high-performance sterilization wraps play a key role in the prevention of hospital-acquired infections, protecting patients’ health. Dextex wetlaid sterilization wraps have a long history of use in the sterilization industry and are well recognized throughout the globe for their reliable performance. In our continuous effort to facilitate our customers and help their businesses succeed, we have decided to harmonize the wetlaid portfolio of high performance sterilization wraps in the United States under our globally recognized Reliance® brand.
Label and Graphic Materials: Reported sales increased 18% to $1.3 billion. Compared to prior year, sales were up 15% ex. currency (12% vs. 2019) and 14% on an organic basis (11% vs. 2019). Label and Packaging Materials sales were up approximately 15% from prior year on an organic basis, with strong growth in both the high value product categories and the base business. Sales increased by approximately 11% organically in the combined Graphics and Reflective Solutions businesses. Reported operating margin decreased 140 basis points to 13.7%. Retail Branding and Information Solutions: Reported sales increased 25% to $531 million. Compared to prior year, sales were up 22% ex. currency (29% vs. 2019) and 14% on an organic basis (9% vs. 2019), reflecting strong growth in both the high value product categories and the base business. Intelligent Labels was up approximately 15% organically (40% vs. 2019). Reported operating margin was flat to prior year at 11.0%. The Vestcom acquisition closed on August 31, 2021. Industrial and Healthcare Materials: Reported sales increased 24% to $195 million. Compared to prior year, sales were up 20% ex. currency (11% vs. 2019) and 15% on an organic basis (6% vs. 2019). Reported operating margin increased 170 basis points to 9.6%.
Performa Light CarbonZero™ by Stora Enso is the first carbon neutral cartonboard offer in the market. It helps Stora Enso’s customers to have a smaller climate impact. Performa Light CarbonZero is a carbon neutral, renewable and recyclable cartonboard offering that helps Stora Enso’s customers to achieve carbon-related sustainability targets and show concrete and measurable actions on climate change through their packaging. Performa Light CarbonZero is produced at Stora Enso’s Fors site in Sweden, which is fossil carbon emission-free in its electricity and steam production and from the beginning of 2022 also in internal logistics. This is a result of continuous work and investments in improving the operations. The production is therefore already very low on greenhouse gas emissions. To make Performa Light CarbonZero carbon neutral, the currently unavoidable emissions originating from raw material production are compensated with a well-established offsetting service provided by external partner South Pole.
The Company recorded third quarter revenue of $870 million, an increase of 29% year over year, primarily driven by higher TiO2 and zircon volumes and higher average selling prices across all products. Revenue from TiO2 sales was $682 million, an increase of 26% driven by a 13% increase in volumes and a 12% increase in average selling prices on both a US dollar and local currency basis. Sequentially, TiO2 volumes declined 10%, at the low end of guidance, and average selling prices increased 4% on a local currency basis or 3% on a US dollar basis. Zircon revenue increased 107% to $116 million driven by an 81% increase in volumes and a 13% increase in average selling prices. Sequentially, zircon volumes declined 14%, due to higher sales from inventory in the second quarter, while average selling prices increased 10%. Revenue from feedstock and other products was $72 million, which represented a 5% decrease, due to no external feedstock sales in the quarter compared to the prior year, partially offset by increased pig iron revenue from higher average selling prices. Net income attributable to Tronox in the third quarter 2021 of $111 million included non-recurring costs primarily related to debt extinguishment totaling $4 million or $0.03 per diluted share. Excluding these items, adjusted net income attributable to Tronox (non-GAAP) was $115 million, or $0.72 per diluted share.
Commenting on the results, Nigel Newton, Chief Executive, said: “Bloomsbury delivered excellent results in the first half with year-on-year revenue growth of 29% to £100.7 million and profit growth of 225% to £12.9 million. These are our highest ever first half sales and profits. These results demonstrate the strength and resilience of our strategy of publishing for both the consumer and academic markets, and our growth of digital revenues. Both divisions had outstanding performances. The Consumer division continued the momentum of last year with 29% revenue growth and a £5.6 million increase in profit before tax and highlighted items to £8.4 million. Bestsellers during the period included Tom Kerridge’s Outdoor Cooking, Piranesi by Susanna Clarke, A Court of Silver Flames by Sarah J. Maas, The Priory of the Orange Tree by Samantha Shannon and The Song of Achilles by Madeline Miller. Since the period end Bloomsbury authors have won two of the most important prizes in the literary world, The Nobel Prize for Literature and The Women’s Prize, which were won by Abdulrazak Gurnah and Susanna Clarke respectively. We congratulate them both. The Non-Consumer division saw 27% growth and a £3.2 million increase in profit before tax and highlighted items to £4.6 million. Bloomsbury Digital Resources grew by 44% in addition to a very strong recovery in print sales, which grew by 34%. The focus on our online academic digital resource strategy means we are well placed to continue to benefit from the accelerated shift by academic institutions to digital products to support hybrid learning.
HIGHLIGHTS: *Third quarter net earnings (loss) attributable to International Paper of $864 million ($2.20 per diluted share), compared with $432 million ($1.09 per diluted share) in the second quarter of 2021 and $204 million ($0.52 per diluted share) in the third quarter of 2020. Third quarter 2021 net earnings include a net after-tax gain of $350 million ($0.89 per diluted share) on the sale of our Kwidzyn, Poland mill. *Third quarter adjusted operating earnings* (non-GAAP) of $532 million ($1.35 per diluted share) compared with $421 million ($1.06 per diluted share) in the second quarter of 2021 and $280 million ($0.71 per diluted share) in the third quarter of 2020 *Third quarter cash provided by operations of $645 million and year-to-date of $1.9 billion compared with $2.3 billion year-to-date in the same period of 2020. Third quarter 2021 cash generation also includes pre-tax sources of $737 million (net of cash divested) related to the sale of the Kwidzyn, Poland mill and $630 million related to the unwind of timber monetization notes. *Ilim equity earnings of $95 million, bringing year-to-date to $245 million *Debt reduction of $235 million, bringing year-to-date to $1.1 billion *Share repurchases of $212 million, bringing year-to-date to $398 million
Net sales for the third quarter of 2021 were $1.65 billion, an increase of $162.6 million, or 10.9 percent, as compared to the same period in the prior year. This increase was the result of higher net sales in all segments. Income before interest and income taxes for the third quarter of 2021 was $167.9 million, a decrease of $6.1 million, or 3.5 percent, as compared to $174.0 million for the third quarter of 2020, and margins decreased to 10.2 percent from 11.7 percent for the same periods. The decrease in income before interest and income taxes was primarily the result of higher costs attributed to announced acquisitions and lower income in the Dispensing and Specialty Closures segment, partially offset by higher income in the Custom Container segment. Costs attributed to announced acquisitions for the third quarter of 2021 were $4.1 million for the acquisitions of Gateway Plastics and Unicep Packaging in September 2021 and Easytech Closures S.p.A in October 2021. Costs attributed to announced acquisitions were $0.7 million for the third quarter of 2020. Rationalization charges were $2.3 million and $2.5 million in the third quarters of 2021 and 2020, respectively.
Cascades inc. announces that it has completed the sale of its 57.6% equity stake in Reno De Medici S.p.A. (BIT: RM) ("Reno de Medici", or "RDM Group"), previously announced July 5, 2021, to a subsidiary of funds managed by subsidiaries of Apollo Global Management, Inc. (NYSE: APO) for an all-cash price of €1.45 per share corresponding to a total cash consideration of approximately €315.3 million (approximately CAN$ 461 million, before transaction related fees). The selling price represents a multiple of approximately 11x of the adjusted operating income before depreciation of Reno De Medici for the last 12 months as of June 30, 2021.
January–September 2021 (compared to 1–9/2020) • Sales were EUR 1,565.6 million (1,416.4). • Comparable operating result was EUR 295.3 million (156.7), or 18.9% (11.1) of sales. Operating result was EUR 285.0 million (162.7). • Comparable earnings per share were EUR 0.65 (0.33), and earnings per share were EUR 0.63 (0.34). • Comparable return on capital employed was 19.4% (11.8). • Net cash flow from operations was EUR 209.8 million (226.7).
January–September 2021 (1–9/2020) •Sales were EUR 4,457 million (3,698). •Operating result was EUR 652 million (279). Comparable operating result was EUR 694 million (274). •Result before taxes was EUR 616 million (242). Comparable result before taxes was EUR 658 million (236). •Comparable return on capital employed was 16.4% (7.0). •Net cash flow from operations was EUR 596 million (361). July–September 2021 (7–9/2020) •Sales were EUR 1,515 million (1,245). •Operating result was EUR 273 million (116). Comparable operating result was EUR 278 million (115). •Result before taxes was EUR 263 million (103). Comparable result before taxes was EUR 267 million (102). •Comparable return on capital employed was 18.8% (8.8). •Net cash flow from operations was EUR 222 million (158).
Paper Excellence announced today that its Catalyst Crofton facility will take a market curtailment of about two weeks in November 2021. The curtailment is in response to on-going global logistics challenges and will be coordinated with a previously planned maintenance shutdown of the facility’s biomass power boiler. Because the boiler shutdown significantly impacts energy costs, both the paper and pulp operations at the mill will be curtailed from November 9 until about November 24 as the maintenance work is completed on the boiler. Crofton expects that it will lose approximately 15,000 air dry tonnes of paper and 19,000 air dry tonnes of NBSK pulp from this outage.
Overview: •Q3 2021 reported operating income of $331 million driven by solid lumber segment results despite a sharp decline in North American lumber prices from prior quarter all-time highs • Record quarterly earnings for the Company’s European lumber operations • Shareholder net income of $210 million, or $1.68 per share • Cumulative cash deposits of $656 million on countervailing and anti-dumping duties at September 30, 2021. The Company reported operating income of $331.0 million for the third quarter of 2021 driven by solid earnings in both the lumber and pulp and paper segments. Compared to the second quarter of 2021, current quarter reported operating income was down $710.3 million, reflecting a material decline in lumber segment earnings from an all-time high in the previous quarter, and, to a lesser extent, moderately lower pulp and paper segment earnings.
West Fraser Timber Co. Ltd. announced that it has entered into an agreement to acquire Georgia Pacific’s oriented strand board (“OSB”) mill near Allendale, South Carolina for approximately $280 million. The transaction is anticipated to close following successful completion of U.S. regulatory reviews and satisfaction of customary conditions. Management will provide an update and further details about the transaction on West Fraser’s third quarter earnings call on October 28, 2021. All dollar amounts in this news release are expressed in U.S. dollars. The Allendale facility, which initially began producing OSB in 2007, has been idle since late 2019 and has an estimated stated capacity of approximately 760 million square feet (3/8-inch basis). The Company intends to invest an estimated $70 million of additional capital to upgrade and optimize the facility in preparation for its restart and this upgrade is anticipated to take approximately nine months to complete. The mill is expected to directly employ approximately 135 people and be one of the lowest cost mills in the Company’s OSB portfolio after the optimization is complete and the mill has ramped up to full production, a process that typically takes 18-24 months after restart.
Q3/2021 (year-on-year) •Sales increased by 23.9% to EUR 2 577 (2 079) million due to higher prices and deliveries. •Operational EBIT increased to EUR 410 (175) million, driven by higher volumes and prices, especially in Biomaterials, Wood Products and Packaging Materials. •Operational EBIT margin increased to 15.9% (8.4%). •Operating profit (IFRS) increased to EUR 386 (145) million. •Strong cash flow from operations amounted to EUR 485 (399) million. Cash flow after investing activities was EUR 347 (250) million. •Operational ROCE excluding the Forest division increased to 20.0% (7.8%), and was clearly above the long-term target of more than 13%. Q1–Q3/2021 (year-on-year) •Sales were EUR 7 445 (6 400) million. •Operational EBIT more than doubled to EUR 1 102 (532) million.
Stora Enso is investing EUR 97 million to expand the board production at the Skoghall site in Sweden. At the same time, Stora Enso is initiating a pre-feasibility study to convert the second, currently idle, line at its Oulu site in Finland, to a packaging board line. Market demand for sustainable packaging is increasing. Stora Enso is a global leader in consumer packaging with strong market positions in attractive end-uses. The investment in Skoghall will further drive profitable growth in attractive end-use segments, such as liquid packaging board and coated unbleached kraftliner, and is expected to be completed in the second half of 2023. Following the investment, the annual packaging board production at Skoghall can be increased by approximately 100 000 tonnes, to a total capacity exceeding 900 000 tonnes, subject to environmental permits. Growth in sustainable packaging is a long-term strategic objective for Stora Enso. Following the successful conversion in Oulu from paper to kraftliner production for food applications, Stora Enso has decided to initiate a pre-feasibility study to convert the second, idle paper line into a packaging board line. The first conversion ramp-up in Oulu has proceeded ahead of plan since production started at the beginning of the year. A second conversion would further improve the Oulu site’s flexibility and competitiveness, through integrated pulp availability, additional fixed and variable cost savings, and ability to utilise the adjacent deep-sea harbour. The pre-feasibility study will be completed early 2022.
Third Quarter 2021 Results: Reported Results: For the third quarter 2021, the company recorded earnings from continuing operations of $0.48 per share (diluted) compared to earnings from continuing operations of $2.06 per share (diluted) in the prior year period. The current year earnings from continuing operations before income taxes were $127 million, compared to $376 million in the third quarter of 2020 which included an approximately $280 million net gain on the sale of O-I’s ANZ business unit. Segment Operating Profit1: Third quarter 2021 segment operating profit was $243 million compared to $204 million in the prior year period. While demand for glass containers remains strong, sales volumes (excluding divestitures) declined approximately 1 percent from the prior year. Higher segment operating profit was largely due to higher production levels, as well as strong operating performance and the benefits from the company’s margin expansion initiatives. Cash Flows: Cash provided by continuing operating activities was $306 million in the third quarter 2021, compared to $262 million in the prior year period. Third quarter 2021 free cash flow1 was $213 million compared to $205 million in 2020.
WestRock Company announced that Ward Dickson will retire as executive vice president and chief financial officer, effective November 30, 2021. In addition, the company announced Alexander (Alex) Pease will succeed Dickson as WestRock’s executive vice president and chief financial officer. “On behalf of the Board of Directors and the entire WestRock team, I want to thank Ward for his tremendous leadership as the Company’s chief financial officer,” said David B. Sewell, chief executive officer of WestRock. “Throughout his career with the Company, Ward maintained a steady focus on supporting WestRock’s significant growth and built an outstanding track record of creating value for our shareholders. We all wish Ward the very best in his retirement.” Sewell added, "I'm pleased that Alex Pease will be joining WestRock as our new chief financial officer. Alex's success and experience as a public company CFO, his financial expertise and his outstanding leadership qualities will be a valuable addition to the WestRock team."
A shortage of truck drivers is a big part of the country’s supply chain problems. The trucking industry is short 80,000 drivers, an all-time high for the industry, according to the American Trucking Associations. The shortage, which existed pre-pandemic but has grown worse since then, comes at a critical time in the retail supply chain cycle, with U.S. ports backlogged just before the start of the holiday shopping season. Truck drivers move 71% of the US economy's goods,. “Since we last released an estimate of the shortage, there has been tremendous pressure on the driver pool,” said Bob Costello, chief economist, ATA. “Increased demand for freight, pandemic-related challenges from early retirements, closed driving schools and DMVs, and other pressures are really pushing up demand for drives and subsequently the shortage." The outlook for the next few years doesn’t offer much hope. Based on driver demographic trends, including gender and age, as well as expected freight growth the shortage could surpass 160,000 in 2030.
Q3 2021 Highlights *Net Sales were $1,782 million versus $1,698 million in the prior year quarter. *Net organic sales declined 1% during the quarter as supply chain and labor market constraints delayed sales; remain on track to achieve approximately 200 basis points of full year organic sales growth. *Net Income was $73 million versus $64 million in the prior year quarter. *Executing approximately $650 million in pricing actions to address commodity input cost inflation. *AR Packaging acquisition expected to close November 1st. *Coated recycled paperboard production on new K2 machine in Kalamazoo, Michigan on track for start-up in the fourth quarter.
Q3 2021 highlights: • Sales increased by 24% to EUR 2,523 million (2,028 million in Q3 2020) • Comparable EBIT increased by 98% to EUR 424 million, 16.8% of sales (215 million, 10.6%) • Operating cash flow was EUR 318 million (365 million) • Demand for UPM’s products was good, and overall, price increases more than offset the rapid rise in input costs • UPM completed the sale of the UPM Shotton newsprint mill in the UK • The global sustainability ratings provider EcoVadis recognised UPM on the highest possible Platinum level for its responsible performance in 2021 • UPM was recognised as one of the world’s 37 most sustainable companies by the UN Global Compact Q1–Q3 2021 highlights • Sales increased by 12% to EUR 7,141 million (6,392 million in Q1–Q3 2020) • Operating cash flow was EUR 844 million (659 million)
S&P Global reported third quarter 2021 results with revenue of $2,087 million, an increase of 13% compared to the same period last year, with every segment delivering revenue growth. Net income increased 75% to $797 million and diluted earnings per share increased 75% to $3.30 primarily due to the debt tender premium and fees associated with the senior notes tender offer in the prior period. "The strong global economic growth, elevated M&A activity, strong stock markets, and increased volatility realized in the third quarter created a solid underpinning for our businesses. In this environment, S&P Global delivered an exceptional quarter of financial results as we continue to provide our customers with the essential intelligence they need to navigate rapidly changing markets," said Douglas L. Peterson, President and Chief Executive Officer of S&P Global. "After delivering very strong results in a difficult 2020, we expect to meaningfully surpass those results in 2021."
Two Sides global effort in promoting the sustainable attributes of print, paper and paper-based packaging has helped increase the consumer’s awareness that paper is sustainable and is one of the most recycled materials in the world. According to Fabio Arruda Mortara, CEO of Two Sides Latin America, there has never been such widespread concern, as of now, for the environmental credentials of the products and materials we use. Discussions about the use of plastics have driven a substantial change in the attitude of consumers and companies towards sustainability. “This debate has led more people to understand that paper can be an environmentally friendly option for reading, communication and packaging solutions, but there is still a lack of understanding and a significant underestimation of how sustainable paper, cardboard and cardboard truly is”, says Martín Rincon, Director of Biopappel de México. Past campaigns have helped change the general public’s perception of these issues. “This year, Love Paper is more emotionally engaging and seeks to speak directly to consumers, presenting a totally new visual identity, with even clearer information, and addressing issues such as recycling, CO2 sequestration and sustainability“, highlights the CEO of Two Sides Latin America.
Packaging Corporation of America reported third quarter 2021 net income of $251 million, or $2.63 per share, and net income of $257 million, or $2.69 per share, excluding special items. Third quarter net sales were $2.0 billion in 2021 and $1.7 billion in 2020. In the Packaging segment, total corrugated products shipments and shipments per day were up 2.3% over last year’s third quarter. Containerboard production was 1,256,000 tons, and containerboard inventory was up 91,000 tons from the third quarter of 2020 and up 17,000 tons compared to the second quarter of 2021. In the Paper segment, sales volume was down 33,000 tons compared to the third quarter of 2020, and up 2,000 tons compared to the second quarter of 2021.
Sonoco has received a 2021 Innovator Award for its EnviroSense® PaperBlister™ package in the category of Innovation in Design Optimization. Sonoco’s all-paper PaperBlister package is further evidence of the Company’s commitment to developing more innovative, sustainable packaging options for customers and consumers alike. “The revolutionary PaperBlister package provides a fully recyclable, plastic-free alternative to traditional blister packaging and is the latest addition to Sonoco’s growing assortment of EnviroSense packaging solutions,” said Eric Clamp, commercial development manager. “Designed with tomorrow in mind, EnviroSense packaging is purposefully engineered to deliver a host of earth-conscious attributes, including recyclability, recycled content, reusability, compostability, packaging optimization, bio-based content and responsible fiber sourcing.” Made entirely from renewable resources, the mono-material PaperBlister package is plastic-free, so it is recyclable in the paper stream. And because it uses water-based printing and sealing technology, there are no harmful VOCs used in making the package. With a simple tooling changeover, brand manufacturers can easily go from traditional plastic packaging to PaperBlister packaging, meeting their sustainability goals and customer expectations at the same time.
Toray Plastics (America), Inc., announces that Jim Nunn has joined the company as a Business Manager in its Torayfan® Division. Nunn arrives at Toray following roles at ExxonMobil and Jindal Films America. He has held leadership positons in production management, sales, and demand planning. Nunn earned his M.B.A. in finance from Cornell University. “It is a pleasure to welcome Jim to the Torayfan team,” says Franco Chicarella, Director of Sales, Torayfan Division. “Jim brings to Toray solid, diverse industry experience, and we anticipate that he will be an important contributor to the division’s ongoing success.” Toray Plastics (America), Inc., is a leading manufacturer of polyester, polypropylene, and metallized films and polypropylene and polyethylene foams. The company is committed to environmental, social, and corporate governance and aims to contribute to society through the creation of new value with innovative ideas, technologies, and products that help address global issues. R&D is focused on the development of materials that are fossil fuel-free, compostable, biodegradable, and/or recyclable. The company’s sustainability initiative, launched in 2004, includes the operating of one of Rhode Island’s larger solar farms and two cogeneration systems, energy and water conservation, recycling, and zero landfill.
Financial Summary *$1.76 billion of revenue, down 0.5 percent year-over-year or down 1.6 percent in constant currency. *GAAP earnings per share (EPS) of $0.48, up $0.07 year-over-year, and adjusted EPS of $0.48, flat year-over-year. *$100 million of operating cash flow, down $6 million year-over-year. *Reduced FY21 revenue guidance to approximately $7.1 billion in actual currency ($7.0 billion in constant currency). Reaffirmed free cash flow guidance of at least $500 million. *Completed expected $500 million of buybacks for 2021; Board approves an additional $500 million share repurchase program to be used opportunistically.
In 1990, the first Intergovernmental Panel on Climate Change (IPCC) Assessment Report concluded that human-caused climate change would soon become evident but could not yet confirm that it was happening. The latest findings unequivocally state that human influence has warmed the atmosphere, land and sea, and that the changes across the climate system are unprecedented. With this and many other warnings ringing in their ears, world leaders are heading to Glasgow, Scotland for COP26. This UN summit on climate change has been described as ‘seminal’ and ‘humanity’s last chance’ because without immediate action, it’s going to get much worse. "Every COP over the last decade has been described as the ‘one that's going to change the world’. Unfortunately, we’ve heard a lot of talk about targets, but not a huge amount of action. I’m hoping for the best but won’t be surprised if we don’t make that much progress,” admits Paula Owen, CEO and founder of the sustainability agency Green Gumption. Despite the general pessimism, progress and action are critical, with the latest IPCC report being described as a “code red” for humanity by UN Secretary-General António Guterres. “It’s a good description of the situation, but it would have been better said a decade ago,” opines global climatological expert Jim NR Dale.
The U.S. Postal Service reported service delivery performance scores for the first two weeks of the fiscal first quarter started in October showing ongoing improvements across First-Class and Periodical mail categories. Quarter-to-date service performance scores covering the period Oct. 1 through Oct. 15 included: *First-Class Mail: 91.2 percent of First-Class Mail delivered on time against the USPS service standard, an improvement of 3.2 percentage points from the fourth quarter. *Marketing Mail: 92.2 percent of Marketing Mail delivered on time against the USPS service standard, a slight decrease of .3 percentage points from the fourth quarter. *Periodicals: 84.3 percent of Periodicals delivered on time against the USPS service standard, an improvement of 2.2 percentage points from the fourth quarter.
HarperCollins Publishers announced a global commitment to becoming carbon neutral for its direct operational emissions in 2022. In order to meet this goal, HarperCollins has appointed award-winning sustainability strategy consultancy Brite Green to develop and implement effective sustainability strategies and targets. HarperCollins will initially focus on Scope 1 and 2 emissions, targeting on-site electricity and fuel energy usage. As part of the News Corp Global Environmental Initiative, HarperCollins is also working toward a goal of achieving net zero carbon emissions across its operational and supply chain by 2050 or earlier, in line with the Paris Agreement.
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.4% in September after rising 0.3% in August. In September, the index equaled 112.9 (2015=100) compared with 110.2 in August. “September’s sequential gain was the largest in 2021,” said ATA Chief Economist Bob Costello. “It is good that tonnage rose in September, but it is important to note that this is happening because each truck is hauling more, not from an increase in the amount of equipment operated as contract carriers in the for-hire truckload market continue to shrink from the lack of new trucks and drivers. “The drivers of truck freight, including retail, construction, and manufacturing, plus a surge in imports, are helping keep demand high for trucking services,” he said.
The Sustainable Green Printing Partnership (SGP), the leading authority in sustainable printing certifications, announced today certification of all four Shutterfly manufacturing facilities. Shutterfly in Ft. Mill, SC was the first to obtain certification in late 2020. Since then, the remaining locations in Plano, TX, Shakopee, MN, and Tempe, AZ achieved certified SGP Facility status. “At Shutterfly, we are taking action to reduce our impact and make sustainable practices become habit in our operations,” said Dwayne Black, chief of operations, Shutterfly. “We are finding ways to become more energy-efficient, reuse, repurpose and recycle more and use less. Becoming SGP certified validates that we have created a successful foundation for delivering a great customer experience while doing better for the planet.” “Shutterfly’s commitment to sustainable print operations cannot be overstated. We are pleased to welcome all four manufacturing facilities into the SGP Community,” said Jonathan Graham, SGP chair and TE Connectivity representative. “As the leading online platform for photography and personalized products, Shutterfly furthers its leadership and commitment to a sustainable future. This is a milestone for SGP and Shutterfly as we are committed to leaving our world in a better place.”
KnowledgeWorks Global Learning (KGL), the comprehensive learning strategy and solutions provider, has partnered with digital training studio, Elearning Design Center (ELDC) to offer new virtual reality learning solutions using its leading immersive technologies. The partnership will augment KGL’s experiential learning technologies and full-service portfolio while enabling ELDC to expand into new industries. ELDC helps educators, online schools, and corporate learning academies solve real-world problems by creating active and engaging online learning that aids core skill development through immersive experiences and digital technology. Based in New Hudson, Michigan, the company designs photorealistic virtual environments, AI-based virtual humans, 3D demonstrations, and next-generation XR solutions that give life to elearning and simulate real-world experiences.
Sun Chemical has launched Xennia® Pearl pigment inks for high-speed industrial applications during Innovate 2021 Textile Innovation Week. The range, which includes inks for both mid-viscosity and high-viscosity printheads, has been developed following a careful assessment of the market and specific customer needs, particularly the requirement for high fastness, multi-substrate compatibility, consistent color, and outstanding print performance. As well as addressing core market needs in terms of performance, the range also underlines Sun Chemical’s commitment to sustainability in the textiles industry – offering textile printers a way to significantly reduce water use and chemical waste. Based on proprietary pigments and resins, the inks will support the key application areas of fashion and home textiles – two sectors which are rapidly embracing digital pigment printing, both for the flexibility it offers, and for the huge sustainability benefits it brings.
Total European shipments of graphic papers in August 2021 were UP 16.3% vs. August 2020 and are UP 5.0% year-to-date. Total European shipments of newsprint in August 2021 were UP 6.2% vs. August 2020 and are down 3.6% year-to-date. Total European shipments of sc-magazine in August 2021 were UP 7.7% vs. August 2020 and are UP 3.1% year-to-date. Total European shipments of coated mechanical reels in August 2021 were UP 20.8% vs. August 2020 and are UP 3.7% year-to-date. Total European shipments of uncoated mechanical (improved & others) in August 2021 were UP 8.6% vs. August 2020 and are UP 5.8% year-to-date. Total European shipments of coated woodfree in August 2021 were UP 31.9% vs. August 2020 and are UP 10.3% year-to-date. Total European shipments of uncoated woodfree in August 2021 were UP 20.2% vs. August 2020 and are UP 11.2% year-to-date.
Ahlstrom-Munksjö Holding estimates that net sales were EUR 777 million for the third quarter in 2021, 19% higher compared to third quarter in 2020 (EUR 654 million1) and pro forma2 net sales for the nine months ended September 30, 2020 were EUR 2,258 million, 13% higher compared to the same period last year (EUR 1,994 million1). Ahlstrom-Munksjö Holding further estimates that comparable EBITDA was EUR 93 million for the third quarter in 2021, 18% higher compared to the third quarter in 2020 (EUR 79 million1) and comparable EBITDA was EUR 3863 million for the last twelve months ended September 30, 2021, 16% higher compared to comparable EBITDA for the year ended December 31, 2020 (EUR 334 million1). In the third quarter 2021 delivery volumes increased by 6% and were the key driver for the improvement in both net sales and comparable EBITDA. These figures are preliminary in nature and the actual results for this period may differ from these preliminary estimates.
Pure Supreme is a well-established premium white-top kraftliner, optimized for offset printing. BillerudKorsnäs is now launching an upgraded version of Pure Supreme, which is more than a facelift – it could even be regarded as a new product. It offers excellent print results in terms of colour fidelity and lifelike image reproduction. Its strength and stiffness ensure high runnability, allowing for high-speed printing and converting processes. New Pure Supreme is the latest in a series of new products to come out of BillerudKorsnäs’ KM7, the world’s most modern board machine. The advanced technologies applied in KM7 have made it possible to combine several valuable product properties: printability, strength, stiffness, appearance, consistency, and purity. Like all BillerudKorsnäs products, Pure Supreme is made of 100% pure and strong primary wood fibres, sourced from responsibly managed forests. With the high capacity of KM7 – 550,000 tons/year – global availability is high.
Sales of $5.0 billion in the third quarter of 2021 increased 7 percent versus the prior year. In North America, organic sales increased 3 percent in consumer products and 16 percent in K-C Professional. Outside North America, organic sales were up 6 percent in developing and emerging (D&E) markets and were even with year-ago in developed markets. Third quarter operating profit was $657 million in 2021 and $666 million in 2020.
Norske Skog’s EBITDA in the third quarter of 2021 was NOK 111 million, an increase from NOK 17 million in the second quarter of 2021. Sales price increases in the quarter were offset by unprecedented increases in raw material costs, in particular energy. The utilization rate was very high due to a tightened market for publication paper following significant capacity closures and post Covid-19 demand recovery across all grades. Following the quarter, Norske Skog successfully financed the EUR 350 million containerboard conversion investment with debt facilities of EUR 265 million. The substantial capacity closures have eliminated the imbalance in both the newsprint and magazine paper markets. There have been substantial price hikes in the European markets during the third quarter caused by the unprecedented volatile energy and raw material costs situation currently experienced in Europe. These cost increases are expected to continue and may necessitate further price increases in the fourth quarter of 2021 and into 2022,” says Sven Ombudstvedt, CEO of Norske Skog.
Stora Enso has introduced the newest addition to its NaturaFluff pulp product portfolio, NaturaFluff Eco by Stora Enso. NaturaFluff Eco is a new fluff pulp grade with a lower carbon footprint, enabling producers of hygiene products – such as baby diapers, incontinence pads and feminine care – to offer consumers a new generation of environmentally friendly, absorbent hygiene products. Consumers are increasingly looking for products that are natural, safe to use and have a low environmental footprint. NaturaFluff Eco is an oxygen-delignified fluff pulp, which means that no bleaching chemicals are used in its production. As a result, the fluff pulp has a warm, natural beige colour and a roughly 30% lower carbon footprint in comparison to traditional fluff pulp, without compromising on product performance. NaturaFluff Eco is perfectly suited for use in demanding hygiene applications, such as baby care, feminine care, and adult incontinence care products, or in air-laid nonwoven materials such as napkins, table-tops and various pads.
UPM has signed an agreement to sell its Chapelle Darblay newsprint mill site to a consortium of two partners Samfi and Paprec France SAS. The transaction is subject to customary approvals. The sale of Chapelle Darblay is an asset sale, and no personnel will be transferred. UPM has permanently ceased production and agreed a social plan for its employees at its Chapelle newsprint mill in Grand-Couronne, France in June 2020. Samfi and Paprec plan to develop the site into a platform for the supply of green energy and the production of raw materials from recycling. The future site would consist of a sorting and packaging plant for paper and plastics, an on-site power generation facility using biomass and a production facility for renewable hydrogen.
UPM has sold the Kaipola mill site in Jämsä, Finland, to Kaipola Green Port Oy. Kaipola Green Port is a real estate development company owned by Finnish private citizens. The sale consists of the real estate, and no personnel was transferred. Kaipola Green Port plans to develop the mill site for manufacturing and industrial logistics purposes. UPM closed the Kaipola paper mill permanently in early 2021. “Kaipola is now open to development from a new basis. The mill site has an excellent infrastructure and offers many possibilities for a professional real estate developer”, comments Vice President Hannu Havanka of UPM Real Estate.
The U.S. Postal Service reported service delivery performance scores for the first week of the fiscal first quarter started in October that showed continued gains across all First-Class, Marketing and Periodical mail categories. For the period Oct. 1 through Oct. 8, first-quarter-to-date service performance included: *First-Class Mail: Delivered 91.0 percent of First-Class Mail on time against the USPS service standard, an improvement of 3 percentage points from the fourth quarter. *Marketing Mail: Delivered 92.8 percent of Marketing Mail on time against the USPS service standard, an improvement of .3 percentage points from the third quarter. *Periodicals: Delivered 84.4 percent of Periodicals on time against the USPS service standard, an improvement of 2.3 percentage points from the third quarter.
The print and paper advocacy group, Two Sides, are excited to announce its newest partner member, the enclosing and mailing experts, GB Mail. Set up in 2017 by Joe Ghadami, Gary Leonard-Pepin and Ben Taheri, the Aylesbury based mailing house specialises in fully automated high-speed paperwrap, polywrap and envelope enclosing. Also located on site is GB Mail’s storage and fulfilment department and digital print room housing eight production presses. “Sustainability is a big part of our company ethos at GB Mail and we are constantly at the forefront of testing eco-friendly innovative mailing options. We are proud to have been one of the first mailing houses in the UK to offer paper-wrapping services. This eco-friendly way to wrap your mailing item is fully recyclable and provides the wow factor. As an environmentally aware business, partnering with Two Sides is the natural next step on our sustainable journey.” says Joseph Ghadami, Managing Director at GB Mail.
Leading European thermoforming packaging specialist Waddington® Europe, a division of Novolex®, has launched a new 100% mono-material protective soft-fruit punnet thanks to its revolutionary MONOAIR™ cushion technology. Traditionally, punnet bases have required an additional layer of bubble padding attached with a glue adhesive to protect soft fruit from bruising and spoiling in transit. However, the padding must be removed from the container to be properly recycled.
Tetra Pak unveils how Covid-19 has made consumers rethink the way they live, and fundamentally shift how they act in the latest Tetra Pak Index report. The pandemic has reinforced the value consumers place on human connections, taking into account both time spent with family at home, and with extended circles outside it. Shared food and beverage experiences play a key role in these relations. Fundamentally, the personal, economic and environmental fragility experienced during the global pandemic has created a shift from concern to active caretaking, and a desire to take action to keep ourselves, our food, our communities and the planet secure. Food safety and security4 are top priorities too, with the pandemic shining a spotlight on health and highlighting weak points in our food systems. Worries about the environment are very strong, with pollution and plastic litter in the ocean as the joint top worry (83%) and Global warming closely follows, cited by over three quarters (78%) of consumers across nine countries. This sits ahead of food waste (77%) and food accessibility (71%). Meanwhile, nearly half (49%) of the global population are now recognising the impact that everyday choices have on the environment.
GreenFirst Forest Products Inc. is pleased to announce it is the recipient of a 2021 FSC® (Forest Stewardship Council®) Leadership Award, an award recognizing uncommon excellence that advances responsible forest management and forest conservation. GreenFirst was awarded a 2021 FSC Leadership Award for maintaining FSC (FSC® – C167905) certification on over 9 million acres (3.8 million hectares) of complex boreal landscapes in Ontario and Quebec for more than 15 years. The award is specific to two forests areas managed by GreenFirst; the Gordon Cosens Forest in Ontario and those managed by the Abitibi-Ouest team in Quebec (management units 082-51, 085-51 and 085-62).
International technology group ANDRITZ has successfully started up the tissue production line delivered to Xuong Giang Paper Mill, Vietnam, a subsidiary company of Bac Giang Import Export JSC. The PrimeLineCOMPACT S 1300 tissue machine has a design speed of 1,300 m/min and a paper width of 2.85 m, processing virgin pulp as raw material to produce high-quality facial and toilet tissue as well as napkins. It is equipped with a 12-ft. PrimeDry Steel Yankee – manufactured at the ANDRITZ Steel Yankee Business Center in Foshan, China – with a steam-heated hood to ensure highly efficient drying and substantial energy cost savings compared to operations with a cast-iron Yankee and gas-heated hood.
Kimberly-Clark announced that it received a 2021 Climate Leadership Award for 'Goal Achievement in Greenhouse Gas Management' from the Center for Climate and Energy Solutions and The Climate Registry. The national award recognizes companies that set and achieve aggressive greenhouse gas (GHG) reduction goals."We are honored to receive this prestigious award for reducing greenhouse gas emissions across our operations, especially since we were recognized for 'Excellence in Greenhouse Gas Management & Goal Setting' as part of the Climate Leadership Awards in 2018," said Juan Marin, Global Energy and Climate Leader at Kimberly-Clark. "Our work to minimize the carbon footprint of our brands and businesses and do our part in the fight against climate change is part of how we deliver our purpose to provide better care for a better world."
The U.S. Postal Service (USPS) has decided to temporarily suspend a planned reduction in service level standards for First Class package delivery until after the peak holiday season, a week after the Postal Regulatory Commission which oversees it said the plan “lacked demonstrable evidence.” The proposed changes called for adding 1-2 days to the service level standard for about 31.2% of First Class package volume, while shorting it by about a day for approximately 4.8% percent of the volume, according to the PRC. “In light of the ongoing environment caused by COVID-19 and the rise of the Delta variant affecting our customers, the implementation date for the revised service standards for First-Class Package Service will be announced after the holiday shipping season” the USPS said in a statement.
Fiscal 2021 sales from continuing operations increased 8.6 percent from the year-ago period to $132.5 billion, up 7.5 percent on a constant currency basis1. Operating income from continuing operations in fiscal 2021 increased to $2.3 billion compared with $982 million in the year-ago period. Net earnings from continuing operations were $2.0 billion, compared with $180 million in the year-ago period, reflecting non-cash impairment charges in the year-ago period, strong growth across both segments, and earnings from the company's equity method investment related to Option Care Health.
Greif, Inc. announced that it is implementing a $60 per ton price increase for all grades of uncoated recycled paperboard (URB) and a minimum 7.0 percent increase on all tube and core and protective packaging products. The uncoated recycled paperboard increase is effective today with new orders and shipments on and after November 8, 2021. The tube and core and protective packaging products increase is effective with shipments on and after November 22, 2021. These price increases are in addition to previously announced increases and are in response to strong demand across the Greif paperboard and converting network and increasing energy, transportation, labor and other input costs.
Pregis celebrated production start-up at its new $80 million blown film extrusion facility in Anderson, South Carolina with a ribbon cutting attended by Governor Henry McMaster and industry partners. “We congratulate Pregis on this $80 million investment that will create 120 new jobs within the Anderson County community. We wish them great success in the Palmetto State and look forward to seeing them grow and prosper for a long time,” said Governor McMaster. Headed by industry veterans, the 168,000 square foot facility features multiple newly-installed lines, producing the latest engineered films. The films are used downstream to manufacture performance-oriented, flexible packaging solutions for food, CPG, healthcare/medical and industrial applications. The facility will also feature a world-class film laboratory to develop and test materials.
As a high-volume direct mail producer, Johnson & Quin, which was founded in 1876 (making it the oldest company among this group of innovators), made a profound switch to high-speed inkjet printing in 2019. That change — to three Screen color inkjet systems — reports VP and Principal Andrew Henkel, was precipitated by the fact the company’s clients had accepted color digital output and were happy with the results. “It felt like a leap of faith,” says Bob Arkema, the company’s executive VP, “but it seemed like an inevitability. We could take advantage of being early inkjet adopters, or wait until we were forced to [invest]. It felt riskier not to do it.” To keep up with its three high-speed inkjet lines, Johnson & Quin has also been investing heavily, primarily in inserting systems. “Johnson & Quin, is using continuous-feed inkjet mainly for mid-level-priced, good clients, such as cell phone providers, etc.,” points out Marco Boer, VP of IT Strategies. “They are using software to optimize postal discounts and delivery response to the most efficient levels possible, often pre-sorting at the print level to get the highest postage discounts.” The company’s 100% color inkjet approach makes them stand out in the direct mail space.
Mondi is supplying a range of recyclable mono-material pet food packaging for Hau-Hau Champion, one of Finland’s most recognised brands in the premium dog food segment. The new packaging fulfils the pet food producer’s objective to launch a reclosable and recyclable packaging solution that does not compromise on performance and retains the strong brand recognition in stores. It also addresses sustainability concerns of end consumers that are playing more of a role in the purchasing of pet food and products. Mondi’s customer-centric approach, EcoSolutions, helped Hau-Hau Champion find a high-barrier solution that can be reclosed, keeps food fresh and confines any smells. The previously unrecyclable multi-layer packaging contained a metallised layer which was replaced by Mondi’s recyclable mono-material packaging: a reel material for form-fill-and-seal (FFS) 1.5kg bags and pre-made FlexiBag Recyclable for bags up to 15kg. FlexiBag Recyclable is a mono-material polyethylene (PE) pre-made bag developed specifically for recycling, which means it can be deposited directly into Finnish plastic recycling streams.
Sappi has entered into a Water Stewardship agreement with WWF-SA (World Wide Fund for Nature South Africa), aimed at improving the water security in the uMkhomazi catchment area. With its significant manufacturing and forestry footprint in this catchment area, which forms part of the Southern Drakensberg Strategic Water Source Area in KwaZulu-Natal, it makes sense for Sappi to focus its collaborative efforts here, where its Saiccor Mill and 42,000 ha of its forestry land is situated. The catchment also serves commercial farmers, subsistence farmers and domestic users in dispersed settlements across the area, but with it being underdeveloped, faces extensive development changes soon. To meet the future needs of all users, sufficient water at an acceptable level of assurance and quality must be secured. Sappi believes that this can only be achieved through multi-stakeholder collaboration across the landscape. To help coordinate and facilitate the approach, Sappi has launched a two-year project with WWF to engage local communities, civil organisations, leadership and regulatory authorities in dialogue and cooperation focused on water stewardship. This collaborative approach is an extension of an innovative structure, known as the Integrated Community Forum (ICF), which Sappi introduced and uses to engage with local adjacent communities.
National Average Price for Regular Unleaded Current: $3.306; Month Ago: $3.183; Year Ago: $2.178. National Average Price for Diesel Current: $3.519; Month Ago: $3.296; Year Ago: $2.382.
American Dollar to Canadian Dollar = 0.809339; American Dollar to Chinese Yuan = 0.155448; American Dollar to Euro = 1.160320; American Dollar to Japanese Yen = 0.008746; American Dollar to Mexican Peso = 0.048647.
HH Global would like to extend our warmest congratulations to the winners of the inaugural Profit with Purpose Award at the 2021 World Sustainability Awards today, Smithfield Foods. We are incredibly honoured to have been selected as a finalist for one of these twelve prestigious awards, which honour those who have shown outstanding corporate and social sustainability practices and ultimately encourage other businesses to follow suit. The Profit with Purpose Award commends companies for ensuring business growth is driven by a mission to achieve both social and environmental sustainability, by channeling innovations, focus and profits into these areas.
The Consumer Goods Forum’s Forest Positive Coalition released their Pulp, Paper and Fibre-based Packaging (PPP) Roadmap earlier this year. The document aims to guide Coalition members in their efforts to remove deforestation and conversion from PPP supply chains. Certification will continue to play an important role in the Coalition’s push to tackle deforestation, forest conversion and degradation, as well as traceability of materials and improved management of forests, and to ensure all stakeholders with an interest in the forest are involved in its management.
On October 1, 2021, FSC published a revised trademark standard, FSC-STD-50-001 (V2-1). Requirements for use of the FSC trademarks by certificate holders, with changes to the MIX label text and the controlled wood claims are among the updates. The revised standard will become effective on January 1, 2022. There will be a transition period lasting 2.5 years (from January 1, 2022 until June 30, 2024) when FSC certificate holders may choose to use the revised version (V2-1) or continue to use the previous version (V2-0).
Sonoco announced it will raise the price for all paperboard tubes and cores by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after November 8, 2021. “Continuing inflationary increases, particularly in Uncoated Recycled Board, adhesives and primary packaging components, coupled with exceptional market demand make this increase necessary,” said Doug Schwartz, Division Vice President and General Manager, North America Tubes and Cores. “Despite these unique times with market and supply chain challenges, we remain committed to maintaining the quality and service that our customers have become accustomed to when working with Sonoco.”
Graphic Packaging Holding Company announced that all required regulatory approvals to complete the proposed acquisition of AR Packaging Group AB have now been received. The transaction is expected to be completed in early November 2021, subject to the satisfaction of the remaining customary closing conditions set forth in the acquisition agreement. Graphic Packaging announced its intent to acquire AR Packaging Group AB on May 14, 2021, creating the premier global provider of sustainable fiber-based consumer packaging solutions.
Cascades is pleased to announce that its fourth Sustainability Action Plan was a winner in the Medium and Large Business category of the Prix initiatives circulaires presented by Québec Circulaire. This competition recognizes initiatives that redefine business models, and production and consumption methods, so as to accelerate the transition to a circular economy in Québec. Cascades' fourth Sustainability Action Plan, launched last spring, has been recognized as a catalyst for change in support of a circular business model; its "solutions driven" commitments, among the Plan's four main pillars, are the basis for this recognition. For the first time in its history, Cascades has set itself an eco-design target: 100% of the packaging manufactured and sold by the company will be recyclable, compostable or reusable by 2030.
R.R. Donnelley & Sons Company announced that it has received an unsolicited proposal from Chatham Asset Management, LLC ("Chatham") to acquire all of the outstanding shares of RRD for $7.50 per share in cash. Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, the RRD Board of Directors will carefully review and consider the Chatham proposal to determine the course of action that it believes is in the best interests of the Company and RRD shareholders. RRD shareholders do not need to take any action at this time.
As part of the company strategy to invest and grow in the Electric Vehicle and Industrial Filtration markets, Ahlstrom-Munksjö has developed new capabilities to test gas adsorption performance at its Pont-Evêque R&D center in France. Investment has been completed to assist strategic, high-priority R&D projects to develop next generation molecular filters for fuel cell air intake filters, premium cabin air filters (for EV and ICE), and clean room environments. Gas adsorption performance is the primary technical feature of molecular filter media, with specific products designed to treat gaseous pollutants, thus decision was taken to have internal capability installed at Ahlstrom-Munksjö.
International technology group ANDRITZ has successfully started up the main equipment forming part of an innovative mechanical pulping line supplied to hygiene and health company Essity in Mannheim, Germany. The new system features a capacity of 100 bdmt/d and processes 100% wheat straw to produce bleached straw pulp for the mill’s own tissue production. As raw material for pulp production, the facility mainly uses FSC- and/or PEFC-certified thinning and waste wood from the area surrounding the mill. Essity has now also been using plant-based agricultural residue from local farms for the production of high-quality tissue since the new equipment was started up. The innovative process uses less water and energy and can thus be considered a breakthrough in sustainable tissue manufacturing. The plant in Mannheim is the first of its kind in Europe and the first in the world to operate on a large scale.
Solenis, a leading global producer of specialty chemicals, will increase prices by 15 to 20 percent across all product lines in North America and Latin America, effective October 15, or as customer contracts allow. These price increases are necessary due to unprecedented supply chain constraints and increasing costs for raw materials, transportation and packaging.
UPM BioMotion™ Renewable Functional Fillers (RFF) represent UPM's latest revolutionary development in sustainable solutions. They address the urgent need to reduce CO₂ emissions of rubber and plastics products by offering a truly sustainable alternative to fossil-based carbon black and precipitated silica, the dominating functional fillers used in rubber and plastic products today. The RFF portfolio will be produced from sustainably sourced hardwood at our first-of-its-kind biorefinery in Leuna, Germany. The launch of this new product range emphasizes UPM's promise to create a future beyond fossils and marks another step in the company's transformation. With the building of the biorefinery in Leuna progressing, we now start taking visible steps in commercializing our portfolio of innovative renewable chemicals. This is a clear signal to the market that we are going to be a credible and competent partner in transforming our customers' businesses to become more sustainable," says Juuso Konttinen, Vice President UPM Biochemicals.
Melanie De Caprio, VP of Marketing at SG360°, discusses the key findings of a recent study confirming how B2C marketers value personalized direct mail as part of their marketing mix, and why consumers — especially digital natives — enjoy receiving relevant direct mail pieces. View short video at: https://www.piworld.com/xchange/digital-printing/study-confirms-marketers-consumers-preference-relevant-direct-mail/#ne=d7f0e6e16b0d037f71fc050491da5623&utm_source=today-on-piworld&utm_medium=newsletter&utm_campaign=2021-10-07
It looks to be another odd year for holiday celebrations. The biggest question likely on most minds is, do we make merry in person or virtually? No matter your plans, the Postal Service is ready to do its part to handle your special holiday greetings and gifts. But we also need you to do your part, and that is to make sure you get those packages and good wishes to your Post Office location on time. There are plenty of holiday- and winter- themed stamps available to adorn your greeting cards this year. You can find them in our online Postal Store or at any one of our more than 34,000 Post Office locations. As a reminder, on Aug. 29, the cost of a First-Class Forever stamp increased three cents, from 55 cents to 58 cents. There are also temporary price increases in place through Dec. 26, 12:01 a.m., Central time for both retail and business customers for some of our more popular shipping products, which also includes military shipping — Priority Mail Express (PME), Priority Mail (PM), First-Class Package Service (FCPS), Parcel Select, USPS Retail Ground, and Parcel Return Service. International products are unaffected. These temporary rates will keep the Postal Service competitive while providing the agency with the revenue to cover extra costs in anticipation of peak-season volume surges similar to levels experienced in 2020.
On October 1, a critical piece of code used on over 2 billion websites to safeguard security expired. Companies large and small were disrupted. And untold millions of consumers around the globe that do not have the latest and greatest digital devices suddenly could not access the sites they wanted or needed to. The quiet sunsetting of the Let’s Encrypt security certificate is still wreaking havoc because it is the most widely used piece of code authorizing access to secure websites. Consumers are finding that their desktop, mobile, Mac, Windows, Android and other systems and devices cannot connect to many websites using the HTTPS security protocol if their personal tech is more than a few years old and not running the latest operating systems. For the fortunate, they will only have the hassles of updating and upgrading – but many will now be forced to buy new technology. This same issue has occurred on a smaller scaler with lesser used security certificates, and has the potential to reemerge as other certificates expire. This is a critical matter for consumers who already have been demanding the option of paper correspondence mailed to them by their service providers. Why? Because it is these same service providers, including banks and financial services institutions, insurance companies, healthcare providers, telecoms and utilities that are the most likely to use the secure internet protocols, and valid security certificates are necessary for accessing private, personal account information.
When WPP's GroupM unveiled a new data ethics tool earlier this year, it raised questions about what others were doing to create tools, guidelines and policies governing the ethical use of consumer data. To find out, MediaPost teamed with Advertiser Perceptions to field a survey of advertisers and ad agency executives. The study, conducted in early September, found that less than half currently have or are planning to develop such policies -- even though the potential for liabilities continues to grow. More than half said they have no plans (23%) or are not sure if they will (32%).
Berry Global Group, Inc. announced its first three sites in North America to achieve the International Sustainability and Carbon Certification (ISCC) PLUS designation to support its growing North America based customer demand for more sustainable packaging. With many brand owners searching for pathways to achieve their sustainability goals, inclusive of renewable or recycled material use in their packaging, Berry’s ISCC PLUS certified facilities can provide customers with assurance of a product’s material composition. These materials meet the ISCC’s standards for recycled, renewable, and recycled-renewable materials, providing traceability along the supply chain, verifying that certified companies meet high environmental and social standards. ISCC PLUS Certification Highlights *Allows Berry to bring in-demand certified circular products to market, presenting customers with options for advanced recycled materials on a mass balance basis to meet their sustainability goals. *Crosses multiple product lines, allowing customers the potential to leverage Berry’s broad expertise across a number of manufacturing processes for the certified resins. *Validates the “mass balance approach,” tracking the quantity and sustainability characteristics of recycled and/or renewable content in the value chain, and attributing it based on verifiable bookkeeping with predefined and transparency requirements.
ePac Flexible Packaging, the industry leader in fast time to market, short and medium run length pouches and rollstock, today announced plans to open its next facility in Kansas City, Missouri. Serving brands of all sizes, ePac Kansas City will be a full-service sales and manufacturing facility, located on 9705 Loiret Blvd., Lenexa, KS 66219. The company has begun accepting orders, with fulfillment handled by other ePac U.S. locations until its manufacturing facility opens early 2022. Randy Mackey, General Manager of ePac Kansas City, commented: “We’re excited to be able to bring ePac’s unique service model to local brands that need professional packaging to grow. As with the thousands of ePac clients around the world, our customers will benefit from delivery times of 5-15 business days and low minimum order quantities.”
An oil leak was reported by Metsä Board Husum mill into the sea south of Husum, Sweden between Thursday evening 16 September and mid-day Friday 17 September. According to the mill, the origin of the leak was from one of the mill’s oil burners that was immediately isolated and put out of operation. There has been no further leakage since the incident. The root cause of the incident is being investigated. Metsä Board is supporting the ongoing investigation with all the necessary resources. The Husum mill has allocated extensive resources to the decontamination of the oil from both the sea and island shores. The mill has commissioned two licensed experts to lead the decontamination operation and mobilized a team of decontamination workers. A detailed decontamination plan has been issued to the Country Administrative Board.
Smurfit Kappa Bag-in-Box introduces a new and more sustainable version of its highly regarded Vitop® tap, the new Vitop® Renew, which is made from bio-based PP resins. This innovative development now combines an approach already taken with the bag inside the box, which is manufactured of E-recycled film EVOH, containing raw materials issued from plastic chemical recycling. This means the new bags are composed of 53% recycled and renewable content. This chemical recycling is not however replacing the mechanical one. The materials which are difficult to recycle mechanically are treated by pyrolysis. This process takes a circular approach and provides a new means by which to increase plastic recycling rates, as it can be applied to a wider range of plastic waste. The crucial difference of such materials from the ones of traditional mechanical recycling is that the resins after pyrolysis have identical properties to virgin polymers, and therefore can be used for direct food contact packaging.
The Sustainable Green Printing Partnership (SGP), the leading certification authority in sustainable printing, announced today the support of EFI in its sustainability mission as a gold SGP Patron. EFI joins other patrons, SGP certified facilities, brands, academic institutions, NGOs and associations in the SGP Community. “EFI is proud to support the very important work SGP does in our industry,” said Ken Hanulec, vice president of worldwide marketing, EFI. “With our portfolio of solutions and programs, from digital front end and integrated workflows that significantly reduce material waste to carbon offset reforestation solutions included with single-pass inkjet printers to UV LED superwide-format innovations that significantly reduce energy usage, EFI is a firm believer in SGP’s mission to promote and advance the sustainability of print.”
National Average Price for Regular Unleaded Current: $3.260; Month Ago: $3.181; Year Ago: $2.187. National Average Price for Diesel Current: $3.436; Month Ago: $3.296; Year Ago: $2.386.
American Dollar to Canadian Dollar = 0.797429; American Dollar to Chinese Yuan = 0.155078; American Dollar to Euro = 1.155906; American Dollar to Japanese Yen = 0.008947; American Dollar to Mexican Peso = 0.048481.
IAC and Meredith Corporation announced their entry into an agreement pursuant to which IAC’s Dotdash digital publishing unit will acquire the entity that will hold Meredith Corporation's National Media Group, which is comprised of its Digital and Magazine businesses, and its corporate operations (“Meredith”), in an all cash transaction at a purchase price of $42.18 per share. The transaction combines the power of Dotdash’s digital publishing model with Meredith’s trusted, iconic brand portfolio, loyal audience and scale. The combined company, to be called Dotdash Meredith and led by Dotdash CEO Neil Vogel, is expected to be one of the largest publishers in America with leading brands across the highest value commercial categories online, including home, health, food, finance, parenting, and beauty. The transaction is expected to close by the end of the year. “The Meredith family is extremely proud of everything the company has achieved over the past 120 years, which is a direct reflection of our dedicated employees,” said Mell Meredith Frazier, Vice Chairman of the Meredith board of directors. “Our creative and devoted employees have guided our beloved brands through a fast-changing media landscape – enriching the lives of generations of Americans. The Meredith Foundation will continue to be an active member in the flourishing Des Moines community, as will Dotdash Meredith.”
Costco Wholesale Corporation reported net sales of $19.50 billion for the retail month of September, the five weeks ended October 3, 2021, an increase of 15.8 percent from $16.84 billion last year. Costco currently operates 817 warehouses, including 565 in the United States and Puerto Rico, 105 in Canada, 39 in Mexico, 30 in Japan, 29 in the United Kingdom, 16 in Korea, 14 in Taiwan, 13 in Australia, three in Spain, and one each in Iceland, France, and China. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.
Sonoco announced it is implementing a $60 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning November 1, 2021. Sonoco said the price increase was in response to continued inflationary pressures on manufacturing costs, including energy, freight, chemicals, and packaging materials. “Inflation on our input costs remain unabated as we enter the last quarter of 2021, and we expect these cost pressures to continue into 2022,” said Tim Davis, Division Vice President and General Manager, North America Paper. “Despite the current supply challenges driven by very strong URB demand, we remain committed to delivering the highest level of quality and service to our many loyal customers.”
Leading metal packaging manufacturer Crown Holdings, Inc. has announced collaboration with Velox Ltd. (www.velox-digital.com), an innovative developer and manufacturer of direct-to-shape digital decoration solutions, to provide beverage brands with game-changing digital decoration technology for both straight wall and necked aluminum cans. Crown and Velox brought together their expertise to unlock new possibilities for major brands wishing to increase product offerings, as well as smaller producers taking advantage of the benefits of fully recyclable beverage cans. The technology and solution deliver market firsts and create greater brand design options with running speeds over five times faster than existing digital solutions and proprietary features, including the ability to print up to 14 simultaneous colors and embellishments such as gloss, matte and embossing on nearly the entire surface area of the can. Crown and Velox recognize a growing global demand from beverage brands for more innovative digital decoration solutions. Brands can now take advantage of the technology and solutions' myriad benefits, particularly execution of lower production volumes that do not meet the constraints of traditional printing, such as small-batch varieties, short-run seasonal and promotional products or multipacks containing a variety of SKUs. The Velox technology and solutions also provide a photorealistic quality and wider color gamut for graphics, the ability to quickly produce an accurate print proof of a package and, in the case of smaller brands, improved sustainability over traditional plastic shrink wrap and labels that significantly hinder the aluminum can recycling process.
Packaging leader Smurfit Kappa has launched a unique range of circular packaging solutions for the rapidly growing online health and beauty market. The customisable eHealth & Beauty portfolio includes sustainable, paper-based packaging solutions ideal for shipping vulnerable products, such as fragrances, cosmetics, and skin and hair care products, as well as tamper proof packaging designed for vitamins, supplements and sports nutrition. As demand in the health and beauty eCommerce market expands, so do consumer expectations for higher quality and sustainable packaging, in addition to delivery protection. Recent research carried out by Smurfit Kappa shows consumers are continuing to push for higher standards in delivery. The research found: *80% expect their parcel to arrive in perfect condition *59% prefer parcels that are easy to open *74% say that easy return is important for their convenience *69% prefer paper-based packaging for sustainability reasons
International technology group ANDRITZ has received an order from SCA (Svenska Cellulosa Aktiebolaget) to rebuild a disc filter at their pulp mill in Ortviken, Sundsvall, Sweden. After the rebuild, the production capacity of the disc filter (originally supplied by ANDRITZ) will be tripled to 900 bdmt/d, and the filtrate flow will be increased to a maximum of 130,000 l/min. The refurbished disc filter will ensure the requested throughput at different beating degree levels, ranging from 300 to 700 CSF, for the production of various high-quality pulp grades. Start-up is scheduled for the fourth quarter 2022. The ANDRITZ scope of supply comprises the main disc filter components, such as: *New hollow shaft with high-volume filtrate channels – the largest-volume filtrate channels ever designed for an ANDRITZ disc filter *396 ANDRITZ SuperFlow sectors for 22 filter discs with customized filter bags *State-of-the art disc guiding system *New filtrate valve with automated adjustment to the different beating degrees *New knock-off and cleaning shower systems *New repulper screw *On-site services for installation and start-up as well as supervision of start-up
Mondi has added to its range of sustainable premium food and pet food packaging solutions with the launch of RetortPouch Recyclable. The new high-barrier pouch will replace complex multi-layer and unrecyclable packaging for a range of food and wet pet food products. Moist or semi-moist foods that are heat-treated in steam or hot water retort vessels to achieve commercial sterilisation for shelf-stable foods require retort packaging. The aluminium typically used in most solutions has been substituted with an innovative high-barrier film that keeps temperatures high and maintains short processing times during the retort process. The new mono-material retort packaging is fully recyclable, offering a solution that protects the product, provides exceptional shelf life for a mono-material solution and reduces potential food waste.
UPM Raflatac’s unprinted SmartCirle™ PE labels with acrylic and hotmelt adhesive technologies have received recognition from RecyClass. The granted approval proves SmartCirle PE can be recycled in the HDPE (High Density Polyethylene) coloured stream*. RecyClass’ endorsement helps UPM Raflatac to meet the needs of brand owners in their search for recycling compatible labels. Traditionally, plastic packaging has been designed with functionality and brand in mind, while its end-of-life management has been disregarded. Today, moving forward in the transition towards a circular economy, the design for recycling stands as an essential measure to accomplish circular life for plastics. It is the driver to improve recycling rates, quality and quantity for mechanical plastics recycling.
Making sure those serving in the nation’s armed forces and diplomatic service receive their presents and care packages in time for the holidays is a priority of the U.S. Postal Service. Plan ahead and mail your holiday cheer early to friends and loved ones serving abroad. To send packages to military and diplomatic posts abroad, the Postal Service offers a discounted price of $20.40 on its largest Priority Mail Flat Rate Box. The price includes a $1.50 discount per box for mail sent to APO/FPO/DPO (Air/Army Post Office/Fleet Post Office/Diplomatic Post Office) destinations worldwide. To ensure timely delivery of holiday wishes by Dec. 25, the Postal Service recommends that cards and packages be sent to military APO/FPO/DPO addresses overseas no later than the mailing dates listed at: https://about.usps.com/newsroom/national-releases/2021/1005-usps-announces-shipping-dates-for-holiday-military-mail.htm
Two of the world’s leading retailers are working together to expand same-day and next-day delivery capabilities for home improvement customers in the U.S. With Walmart GoLocal, The Home Depot customers have another option for same-day or next-day delivery on a variety of home improvement products. “The Home Depot is continuously working to give customers the most convenient shopping experience in home improvement, and that includes providing a wide range of fast and reliable delivery options,” said Stephanie Smith, senior vice president of supply chain for The Home Depot. “This partnership brings us even closer to our goal of offering same-day or next-day delivery to 90 percent of the U.S. population.” The company will offer delivery with Walmart GoLocal in select markets in the coming weeks, with plans to expand to multiple markets across the country by the end of the year. Products that qualify for this scheduled delivery, including tools, fasteners, paint and other supplies that easily fit in a car, will have that option enabled at online checkout.
The American Forest Foundation and The Nature Conservancy today announced a new partnership with REI Co-op, the nation's largest membership-based co-op and outdoor retailer, to empower America’s rural family forest owners to manage their forests in ways that sequester and store more carbon. The partnership will support the Family Forest Carbon Program, a joint forest carbon project of the American Forest Foundation (AFF), a national conservation non-profit that specializes in family-owned forestland, and The Nature Conservancy (TNC), a global conservation organization. “REI focuses its work at the intersection of people and planet. AFF and TNC have done the same in their creation of the Family Forest Carbon Program,” said Matt Thurston, Director of Sustainability at REI. “The program is at the forefront of forest carbon strategies, using ground-breaking approaches that help small landowners join the fight against climate change.” The Family Forest Carbon Program is a new forest carbon program rooted in high-integrity climate impact and support for small rural forest owners. The program provides land-owning families with expert conservation guidance and resources along with the financial assistance to actively engage in practices that improve forest health and productivity. The practices not only increase the carbon sequestered and stored in the forests, they also can deliver important co-benefits such as improved water quality, wildlife habitat and increased long-term forest resiliency.
Sonoco announced it has earned a Gold Medal rating by EcoVadis for the first time, the leading platform for environmental, social and ethical performance ratings for global supply chains. The rating puts Sonoco among the top 5 percent of manufacturers of paperboard and containers rated by EcoVadis, which monitors sustainability practices across 200 industries and 160 counties on behalf of 75,000 companies. According to Elizabeth Rhue, Sonoco’s staff vice president of sustainability, the Company’s improved rating is a result of a global effort by Sonoco’s more than 300 operations in 34 countries to achieve exceptional levels of corporate responsibility and sustainability.
Silgan Holdings Inc. announced that it has acquired Easytech Closures S.p.A. This business manufactures and sells easy-open and sanitary metal ends used with metal containers primarily for food applications in Europe. It operates a manufacturing facility in Fisciano, Italy and is projected to generate approximately €38 million, or approximately $45 million, in sales and approximately €6.6 million, or approximately $7.8 million, in adjusted EBITDA in 2021. “Easytech is a leading manufacturer of a broad portfolio of metal ends, including easy-open metal ends, in the European market. We have had an excellent long-standing business relationship with Easytech and have great respect for its owners and management team. We are excited to now welcome Easytech to the Silgan team,” said Adam Greenlee, President and CEO. “This acquisition will allow our combined businesses to more effectively and efficiently utilize existing capacity for metal ends, reduce capital investment in the near term and accelerate completion of an on-going cost reduction program. Our acquisition of Easytech is yet another example of our strategy to build shareholder value through a disciplined capital allocation model. We now look forward to the successful integration of our three recent acquisitions,” concluded Mr. Greenlee.
Amcor Rigid Packaging (ARP) has created a more responsible bottle for one of the country’s most popular ingredients – cooking oil. It’s the first cooking oil bottle in the country made from 100% recycled content. “ARP worked with Gourmet to create more sustainable bottles for the edible cooking oil industry,” said Alexander Alvarez, general manager of ARP Colombia. “The Amcor team in Cali, Colombia, partnered with resin suppliers and applied their knowledge and expertise to create a bottle that was made completely from recycled content.” ARP refined its bottles to ensure it is safe, causes no change in taste and is transparent – while maintaining Gourmet’s visual branding.
Pregis, a leading global manufacturer of protective and flexible packaging solutions, has acquired Danco Converting, Carol Stream, Illinois, from its privately-held owners. As Pregis continues to grow its manufacturing footprint, both organically and through acquisition, bringing Danco’s paper converting capabilities and diverse offering into its portfolio will further enhance the company’s vertical integration strategy. Further, the paper converting acquisition is another demonstration of Pregis’ commitment to its previously announced 2K30 sustainability objectives. For more than a decade, the company has brought to the marketplace a portfolio of products that address environmental concerns, as well as deliver protective attributes critical for damage-free delivery of products to consumers. The Danco acquisition will enable Pregis to add complementary curbside recyclable products to its offering and support the explosive demand for paper solutions.
A study released today by R.R. Donnelley & Sons Company reveals that traditional marketing channels, including word of mouth, direct mail, and in-store signage, are largely untapped by marketers. The study, based on surveys of both marketing professionals and consumers, uncovers significant differences between marketer assumptions and what consumers say actually influences their brand awareness and purchase decisions. The survey results underscore four key themes that all point to the power of traditional marketing methods and how social and digital marketing continue to evolve: Theme 1: It’s time to redefine (and re-engage) word of mouth - Word of mouth traditionally refers to consumers sharing product and brand recommendations with one another verbally. Today, this has evolved to include interactions between acquaintances on social media. Theme 2: Gen Y is most excited to receive direct mail - More than half (51%) of consumers were more excited to receive direct mail in the past year than they were in the year prior, with the highest levels among Gen Y (65%), Gen Z (57%), and Gen X (53%). Theme 3: Dear retailers, are you ready to return to normal? The good news for the retail sector is that 62% of consumers are eager to return to their pre-pandemic shopping habits. More than a third (35%) of consumers admit that the changes they made to their shopping habits due to the pandemic will only last less than 6 months. Theme 4: Pinterest and TikTok on the rise while influencers wane - While consumers indicated their preference for some forms of traditional marketing channels, their engagement with brands online and via social media continues to evolve, posing additional complexities for marketers looking to connect with their audiences.
Rayonier Advanced Materials Inc. announced that, effective immediately, it will increase prices for all its Cellulose Specialties products by a minimum 15 to 30 percent depending on product grade, as contracts allow. The purpose of this increase is to help the Company offset the accelerating impacts of cost inflation throughout its global supply chain. “As the Company has entered the second half of 2021, it has been confronted by the realities of substantial cost inflation,” said Paul Boynton, President and Chief Executive Officer. “Specifically, the Company is experiencing marked increases with respect to four core components of its Cellulose Specialties input costs – fiber, chemicals, energy and freight – and the Company currently expects these increases to continue well into 2022. These actions are a necessary step in the current global environment and will supplement ongoing cost- and efficiency-improvement initiatives at the Company’s four best-in-class High Purity Cellulose facilities.”
Ahlstrom-Munksjö’s Cristal™ transparent packaging papers have recently achieved BPI® compostability certification and Cristal™ heat sealable papers have additionally received a How2Recycle® label. How2Recycle® communicates the recyclability of a package – a standardized program built to comply with legal guidance, such as the US Federal Trade Commission’s Green Guides – and reduces confusion by creating a clear, straightforward label that enables brands to convey to consumers how to dispose of a package. The system provides reliability, completeness, and transparency for recyclability claims. “We are proud that our Cristal™ products, both transparent papers and transparent heat seal packaging products, recently passed Western Michigan University’s testing protocol for recyclability,” said Zack Leimkuehler, Vice President of Ahlstrom-Munksjö’s Technical Solutions business. “Achieving BPI® compostability certification, in addition to adding the How2Recycle® label, offers our customers and the marketplace yet another fiber-based solution to reduce traditional non-renewable substrates in packaging engineering.”
Canfor Corporation announces our bold ambition to become a leader in sustainability, a vision that includes commitments to sustainable forestry, a stronger focus on safety, health, wellness, inclusion and diversity amongst our employees, and strengthening partnerships with Indigenous communities. Canfor is also announcing its positive final investment decision in support of the construction of the first phase of Arbios Biotech’s (Arbios) innovative biomass to low carbon biofuel plant in Prince George, British Columbia. The plant will use first-of-a-kind technology to convert sawmill residues, primarily bark, into high value renewable biocrude which can be further processed in refineries to produce low-carbon transportation fuels. Arbios is a joint venture between Canfor and Licella Holdings Ltd. “Today, we begin an ambitious sustainability journey that will change how we work and the impact we have on our communities and the planet. We imagine a future as sustainable as our forests,” said Don Kayne, President and CEO, Canfor. “This is an opportunity as much as it is our responsibility. Sustainable solutions are in demand around the world. Customers consider environmental and social impact a priority when making their buying decisions. Employees want to work for a company that’s protecting and nurturing their environment and communities. Together we will frame the future.”
Kohl’s announced an expansion of the company’s ongoing commitment to health and wellness, including mental health, highlighted by a new national nonprofit partnership with NAMI, the National Alliance on Mental Illness. Kohl’s is donating $2 million over two years to NAMI, which the organization will use to refresh its support group model. With Kohl’s gift, NAMI’s support groups will be expanded to reach additional people and serve more diverse communities, rolling out virtually in communities across the United States. The programming will be enhanced to include new trauma-informed, cross-cultural training and materials to better support those whose mental health has been impacted by trauma, including the impacts of COVID-19 and economic uncertainty. “We’re confident that our new partnership with NAMI will make a positive impact in the lives of countless families across the country who are affected by mental illness,” said Greg Revelle, Kohl’s chief marketing officer. “We see this relationship as a natural extension of our long-standing commitment to healthy families and an important part of our continued focus on health and holistic well-being.”
Quad/Graphics, Inc. announced it will promote Dave Honan to Chief Operating Officer from Chief Financial Officer, and Tony Staniak to Chief Financial Officer from Vice President of Finance. This announcement, part of a planned executive transition process, precedes the retirement of current Chief Operating Officer Tom Frankowski, who will depart Quad on December 31, 2021, after a 42-year career with the Company. “Quad has incredible bench strength on our executive leadership team to continue driving forward our growth and success as a marketing solutions partner,” said Joel Quadracci, Quad Chairman, President & CEO. “Over the past many years, Dave Honan has been deeply involved in developing and guiding our remarkable transformation strategy. He led the design of our capital structure and corporate development activity that positively shaped our transformation and put us in a position of increased strength. In his new role, Dave will draw on his previous operations experience in the manufacturing and service industries. He will focus on connecting our entire operational organization to take advantage of the momentum building in our Sales and Marketing efforts. I look forward to Dave’s leadership and contributions, especially in bringing together our people, processes and products to drive performance. He recognizes the key drivers of success for our business, which include engaging and retaining employees, and perpetually innovating to drive top-line revenue and productivity enhancements across our entire integrated platform. Through our continued partnership I am certain we will create a better way for all our stakeholders.”
Gap Inc. has acquired the New York and Tel Aviv based start-up Context-Based 4 Casting Ltd. (CB4) that uses cutting-edge AI and machine learning tools to transform retail operations, increase sales and improve the customer experience through predictive analytics and demand sensing. “We believe artificial intelligence and machine learning will shape the future of our industry. Gap Inc. has experience working with CB4’s world-class data scientists, so we understand the impact and the wide applications their science can have across sales, inventory and consumer insights, as well as its potential to unlock value and enhance the customer experience,” said Sally Gilligan, Chief Growth Transformation Officer Chief, and head of the Strategic Growth Office at Gap Inc. The deal was brokered by Gap Inc.’s Strategic Growth Office, a unit of the company that seeks out opportunities to fuel growth and accelerate new capabilities across its portfolio of brands.
Global research and education leader Wiley announced the acquisition of J&J Editorial Services, LLC, a publishing services company based in the United States. The acquisition of J&J Editorial reinforces the company’s commitment to helping learned societies, professional associations and publishers achieve their missions. Founded in 2008 by Jennifer Deyton and Julie Nash, J&J Editorial provides expert offerings in editorial operations, production, copyediting, system support and consulting, allowing more than 120 clients to publish world-class titles that power the global knowledge ecosystem. Together, Wiley and J&J Editorial are better suited to help societies, associations and publishers manage change, deliver high-quality content, and provide vital service flexibility in a changing publishing landscape.
As economic pressures around the globe continue to mount, banks, telecom providers, utility companies and even governmental organizations are increasingly focused on switching their customers from paper to digital services to cut costs. All too often, their customer communications attempt to mask these cost-saving efforts, justifying the switch with unsubstantiated environmental marketing appeals such as “Go Green – Go Paperless” and “Choose e-billing and save a tree.” “Not only do these greenwashing claims breach established environmental marketing standards like the U.S. Federal Trade Commission Green Guides and the ISO 14021 standard, they also are extremely damaging to an industry that has a solid and continually improving environmental record,” says Two Sides North America President Kathi Rowzie. “Far from ‘saving trees,’ strong market demand for sustainably sourced paper encourages responsible forest management and supports the long-term health of forest resources. Many of the organizations we engage are surprised to learn that over the last 30 years, U.S. forests have expanded by some 18 million acres, while net forest area in Canada has remained the same at around 857 million acres during the same period.1”
Berry Global Group, Inc. announced its Chairman and CEO, Tom Salmon, has accepted the appointment as an Officer of the Alliance to End Plastic Waste (Alliance), a global non-profit organization. As a founding member and first converter to join the Alliance, Berry continues its leadership role to help convene a global network of over 80 member companies and partners in the mission to end plastic waste in the environment. Salmon continues to stand behind the power of plastics, known for its versatility, innovation, and lower overall environmental impact than other packaging alternatives*. Through his leadership, he will help guide the Alliance’s decision-making on global projects that are sustainable, circular, and scalable businesses.
Tetra Pak and Poka are pleased to announce the launch of a new strategic collaboration that brings together the expertise, technology, and best practices of Tetra Pak, a leader in the food & beverage packaging industry, with the power of Poka, the most comprehensive connected factory worker platform. This collaboration will empower workers in food production with the tools and training needed to accelerate zero waste processes in food manufacturing plants. It’s the first global and scalable connected workforce service that Tetra Pak will roll out as part of its new training and support solution. According to the UN Sustainable Development Goal 12, a range of entry points are required for promoting responsible consumption and production, and this can be achieved by producing more with less, increasing resource efficiency and promoting sustainable practices. Poka has helped manufacturers reduce equipment downtime by 5.9%, increase in worker productivity by 18% and decrease quality issues by 64%. By equipping front line staff with the most up to date information they need to make fast decisions, manufacturers can maintain high standards of quality and food safety whilst minimising waste in the form of product, time, or cost.
The storied C.J. Krehbiel Company (dba as CJK Print Possibilities), has been acquired by BR Printers of San Jose, California. Established in 1872, the fifth generation business owned by the Krehbiel family, has a long history of providing a personal touch to the printing, binding and mailing of four-color bound documents such as books, catalogs, manuals, weeklies and magazines. “CJK’s print and finishing capabilities extend and complement BR’s digitally enabled book manufacturing platform,” says Adam DeMaestri, President and CEO of BR Printers. “We look forward to collaborating with CJK leadership and employees.”
Metsä Tissue, the tissue paper business of the forest industry group Metsä Group, is planning to invest in a new tissue mill in the UK. The plan consists of 240 000 tons of tissue paper production capacity, built in several phases during the upcoming decade. The plans are part of the company’s Future Mill programme to drive world class environmental performance in tissue production. The production of the planned UK mill would be based on using sustainable fresh fibre pulp, and the first phase of the investment would be ready during 2025 to serve the professional and consumer tissue markets in the UK and Ireland.
Georgia-Pacific announced that it is modernizing one of its premier sawmills in its Pineland, Texas lumber complex with a $120 million investment. Construction is expected to begin early next year and is scheduled to be completed in late 2022. The Pineland Lumber Complex was built in the 1910s and is the largest business in Sabine County, where Pineland, Texas, sits. The investment should increase the mills’ overall production. The modifications include a new sawmill which will replace the existing stud mill that was built in the 1960s. The new mill will have the ability to produce 450 million board feet of dimensional lumber each year once operational and running at full capacity, compared to the 380 million it can currently produce. It should also increase the number of trucks delivering the wood from 250 to 300 loads each day.
With growing calls for consumer privacy on the web, Google parent company Alphabet Inc. and Apple Inc. plan or already have made major changes to customer tracking. Apple now requires user opt-in for apps to track users, and Google is getting rid of third-party cookies on its market-leading Chrome browser. While these changes hearten privacy advocates, they’re likely to disrupt online retailers’ longstanding marketing practices. Without accurate consumer tracking, merchants are worried that a portion of their ads will be less effective at driving sales. In response, merchants plan to shift their marketing dollars to other channels that are more predictable at driving revenue. Online cookies are small pieces of text websites placed on a site visitor’s browser to track preferences, such as language, to know what consumers are interested in, and facilitate other functions. More companies started using cookies in late 1995 after Microsoft Corp. integrated them into its Internet Explorer browser. There are many different types of cookies, but third-party cookies are controversial because advertisers, marketers and data-analytics firms place them on consumers’ devices to know where a consumer’s been on the web, leading to more targeted ads.
HH Global is pleased to announce the completion of the acquisition of Noosh, following the signing of an agreement on September 30, 2021. HH Global identified Noosh as the best-in-class global technology solution provider with over $1.2b in marketing spend managed and sourced through its technology. This acquisition will allow HH Global to introduce self-serve and hybrid solutions to clients, while providing differentiated opportunities to extend existing client relationships into new categories and regions. Furthermore, the agreement will allow both businesses to leverage greater aggregated spend under management. Ultimately, the acquisition of Noosh will accelerate global service reach for both new and existing clients across both HH Global and Noosh, through unrestricted technology deployment.
Two Sides has been actively engaging with organisations found to be making misleading and unsupported environmental claims against print and paper for over 10 years. Our Anti-Greenwash campaign has successfully challenged over 750 global organisations, primarily service providers like banks, utilities and telecoms, that subject their customers to repeated Greenwashing messages which are damaging to our industry. A research project was conducted at the beginning of 2021, in partnership with consumer research organisation Censuswide, which examined: *The reach and impact of Greenwashing on consumer behaviour. *The financial impact upon the paper, print and mailing industry as a result of Greenwashing. *The volume and value of preserved print, paper and postage as a result of the Two Sides Anti-Greenwash campaign. *The potential for further preservation of volumes and value if the current Two Sides success rate to stop Greenwash is improved and extended to more countries.
DS Smith, one of the leading manufacturers of sustainable packaging solutions made of corrugated board, has set itself ambitious climate targets. In addition, the company is driving the circular economy and reducing waste and pollution through clever design, as one goal is to produce 100% recyclable or reusable packaging as early as 2023. A current innovation in the field of e-commerce is a fixation packaging that uses crepe paper to secure and fix the goods instead of the usual plastic foil. In the service centers of a well-known smartphone manufacturer, the plastic-free shipping solution already ensures more sustainability. Online shopping is and remains a megatrend. As a survey published at the beginning of 2021 by the German E-Commerce and Distance Selling Trade Association (bevh) shows, e-commerce is not only popular with younger generations but has also become part of everyday life for the over-60s, especially in the wake of the Covid-19 pandemic. Around a third of all online shoppers belonged to this affluent age group in 2020. And even after the pandemic, a large part of the population does not want to give up the convenience of online shopping. According to bevh data, almost three out of four consumers plan to order online to the same or greater extent in the future.
Metsä Group launches a programme to be implemented between 2021 and 2030 to provide financial contributions and expertise to support regionally relevant and effective development projects that improve biodiversity and the state of waters in Finland. These projects, which will be implemented outside commercial forests, may relate, for example, to bird waters and wetlands, watercourse routes, small waters and riparian habitats, pollinator habitats or new water protection methods. "One of Metsä Group's strategic sustainability targets is to safeguard biodiversity. We are implementing our ecological sustainability programme in commercial forests to safeguard forest biodiversity. With our new nature management programme, we want to play a role in improving the state of nature in Finland also outside the commercial forests. Our investments, which will amount to millions of euros during the programme, have no financial return expectations," says Ilkka Hämälä, President and CEO of Metsä Group.
International Paper Company announced the completion of its previously announced separation and spin-off of its global printing papers business, now operating as Sylvamo Corporation (NYSE: SLVM). Each International Paper shareholder received one share of Sylvamo common stock for every eleven shares of International Paper common stock held on the record date. International Paper continues to own approximately 19.9% of the outstanding shares of Sylvamo common stock. "The spin-off enhances the strategic flexibility and focus for long-term success and value creation at both companies. International Paper is now a highly-advantaged, corrugated packaging-focused company, well-positioned to grow earnings and cash generation," said Mark Sutton, Chairman and Chief Executive Officer. Sylvamo common stock is expected to begin "regular way" trading on the New York Stock Exchange today under the symbol "SLVM" and the CUSIP number 871332 102. The receipt of Sylvamo common stock in the distribution is tax-free to International Paper stockholders for U.S. federal income tax purposes, except for the gain or loss attributable to cash received in lieu of fractional shares of Sylvamo common stock. International Paper shareholders are urged to consult with their tax advisors with respect to the U.S. federal, state and local or foreign tax consequences, as applicable, of the spin-off.
Quarter-to-date service performance data for July 1 through Sept. 24 included: *First-Class Mail: Delivered 88.1 percent of First-Class Mail on time against the USPS service standard, an improvement of 0.6 percentage points from the third quarter. *Marketing Mail: Delivered 92.5 percent of Marketing Mail on time against the USPS service standard, an improvement of 1.5 percentage points from the third quarter. *Periodicals: Delivered 82.2 percent of Periodicals on time against the USPS service standard, an improvement of 3 percentage points from the third quarter. On October 1, the Postal Service will implement new service standards for First-Class Mail and Periodicals. These new service standards will increase delivery reliability, consistency, and efficiency for our customers and across our network. Most First-Class Mail (61 percent) and Periodicals (93 percent) will be unaffected by the new service standard changes. Standards for single-piece First-Class Mail traveling within a local area will continue to be two days.
The Commission finds: *The Postal Service’s stated goals for the proposal appear reasonable. *The Postal Service assumed factors necessary for successful implementation of the proposal that have not been demonstrated. *It is unclear when the Postal Service plans to realize the full impact of its proposed changes to the service standards. The proposed changes may have a positive impact on the Postal Service’s ability to meet its service performance targets. *The Postal Service’s cost-saving estimates of the proposed changes may be inflated and the proposed changes would not substantially affect the Postal Service’s overall financial condition. *Flaws in the Postal Service’s transportation model could diminish its reliability. The Postal Service’s surface network impact projections and estimated cost changes are potentially inaccurate and unachievable. *The Postal Service has not demonstrated that it is operationally capable of running the complex surface network modeled to support the service standard changes it plans to implement. *Implementing processing and transportation changes prior to peak season may be challenging due to the continuation of the COVID-19 emergency and stress on the logistics industry. In general, the Commission finds that the proposed changes appear to be consistent with applicable statutory requirements. Nevertheless, the Postal Service has not demonstrated that its implementation of the proposed changes will satisfy the requirements.
PEFC invites stakeholders globally to nominate candidates from the conformity assessment community, civil society, and customers and consumers, to complete the Certification Body Requirements for Sustainable Forest Management Certification Working Group. This temporary working group is responsible for the development of PEFC ST 1004, Requirements for Certification Bodies conducting PEFC Forest Management certification. This standard will set the requirements for certification bodies that carry out PEFC forest management certification, replacing the current Annexe 6. Work on the new PEFC ST 1004 is already well advanced, with the working group expected to work on finalizing the document over the next months.
Silgan Holdings Inc. announced that it has acquired Unicep Packaging. As a Specialty Contract Manufacturer and Developer (SCMD) solutions provider, this business develops, formulates, manufactures and sells precision dosing dispensing packaging solutions, such as diagnostic test components, oral care applications and skin care products, primarily for the health care, diagnostics, animal health, oral care and personal care markets. It operates two manufacturing facilities located in Spokane, Washington and Sandpoint, Idaho and is projected to generate approximately $45 million in sales and approximately $18.3 million in adjusted EBITDA for 2021. “Unicep is a clear leader in the rapid development and manufacturing of differentiated precision dosing dispensing packaging solutions for applications in health care, diagnostics and personal care. This acquisition further expands and extends our precision dosing capabilities and comprehensive product offering into new and existing markets,” said Adam Greenlee, President and CEO. “The Unicep team has combined a high-touch commercial philosophy with a proprietary operating platform to excel at meeting the unique requirements of their customers. The business broadens our exposure to health care and Point-of-Care diagnostics markets, has existing capacity for continued growth, complements our global Dispensing and Specialty Closures franchise and is scalable across our global footprint. We believe the acquisition of Unicep represents another example of our disciplined capital allocation model that has allowed Silgan to consistently create long-term shareholder value, and we look forward to welcoming our newest employees to the Silgan team,” concluded Mr. Greenlee.
Ahlstrom-Munksjö continues to focus on the growth segment of electrification, enhancing its latest product offering, totally dedicated to filtration media solutions for electric vehicles. The new solutions complement the products launched in May which included filtration solutions for cabin air, transmission and cooling systems. “I am very pleased to introduce our enhanced and expanded range of products from the FiltEV® platform,” said Cedric Vallet, Head of Business Development, Industrial Filtration & New Vehicles. “Through the enhancement of our cabin air portfolio, we are offering new filtration solutions delivering better protection for passengers. Better protection against fine particulates, thanks to HEPA media particulate efficiency, and against harmful gases and odours, thanks to increased absorption of a wide range of molecules.”
Mondi and Taurus Packaging have developed a fit-for-purpose reusable shopping bag that can carry groceries and meet the needs of the demanding Southern African retail marketplace. Mondi’s Advantage Kraft Plus with wet strength makes this paper bag a great alternative in a market where plastic bags have traditionally been used. Mondi's kraft paper for shopping bags is strong enough for South Africa's demanding weather conditions, including humidity. Its wet strength meets the 16kg standard requirement of the South African market and resists tearing even when cold products and liquids condense quickly. It also withstands longer customer journeys on public transport. Collaborating with Taurus Packaging, two million paper shopping bags will be produced per month using Mondi’s paper, providing a recyclable, renewable, and PEFC certified, sustainably sourced alternative to plastic.
National Average Price for Regular Unleaded Current: $3.192; Month Ago: $3.174; Year Ago: $2.191. National Average Price for Diesel Current: $3.337; Month Ago: $3.285; Year Ago: $2.392.
American Dollar to Canadian Dollar = 0.789313; American Dollar to Chinese Yuan = 0.155103; American Dollar to Euro = 1.159787; American Dollar to Japanese Yen = 0.008991; American Dollar to Mexican Peso = 0.048585.