FIRST QUARTER HIGHLIGHTS *Delivered strong performance due to continued strength in the paperboard business and improvements in tissue *Higher pricing in both businesses helping to offset inflation *Net sales of $488 million, up 15% compared to the first quarter of last year *Net income of $17 million, or $0.97 per diluted share *Reduced net debt by $31 million in the quarter
Neenah, Inc. announced a versatile paper-based medical packaging capable of withstanding all three widely used sterilization processes, including radiation, autoclave, and ethylene oxide. This innovative product allows customers to serve multiple markets and explore new opportunities by providing a unique alternative to polymer-based or kraft medical packaging traditionally used for nasal swabs, syringes, bandages, and other single-use applications. "By adding a radiation-resistant product to our medical packaging lineup, Neenah continues to lead the industry in offering the most advanced paper-based options available. We are thrilled to introduce a versatile paper-based medical packaging that is durable, dependable, and value-driven," says Valerie Henderson, Medical Packaging Product Marketing Manager, Neenah Industrial Solutions. Single-use medical devices are gaining popularity as they help lower costs, increase efficiency, and reduce the spread of infection. Gamma radiation is becoming a more commonly used form of sterilization technology for these devices as it quickly kills germs that can cause disease and neutralizes other harmful organisms. It is essential to the radiation sterilization process that the packaging has breathable barrier properties, excellent conformability, printability, and the ability to withstand radiation exposure to prevent risks to patients.
Catalogs have changed. For the better. They’re no longer intended to be your entire store in the mail. They’re not just a transactional tool anymore. They’re more than that. Consumers expect them to be more than that. Today, catalogs should do three things: disrupt, delight and drive people to action. This new blog series we’re calling “Disruptive Catalogs” focuses on the first of these three points. We’ll feature a series of articles that explain how your catalog can be disruptive in the mail, and in the hands of your customers. I’ll begin the conversation with some thoughts on how to properly and effectively showcase your brand on the pages of your catalog. Because as we know, everything starts and ends there—with your unique story. The thing that makes you special. https://www.jschmid.com/blog/disruptive-catalogs-part-1/
PROVEN FACT! Your catalog cover is the number one creative opportunity to test and increase response. Why? It’s a “first impression” and your best opportunity to inspire action. First impressions are formed in a matter of seconds and if you greet your customers (or even worse, your prospects) with “bleh” your hard work is trashed. Literally. It’s milquetoast. Merriam-Webster defines “milquetoast” as “a timid, meek, or unassertive person,” the implication being that a “milquetoast” person (or brand) is afraid to take a risk with fear of backlash. And that my friends, is the problem with most catalogs today. Brands aren’t taking risks and therefore, are not standing out in the mail. Ready to take a risk? Read on to learn three guaranteed ways to make sure your catalog covers are making an impact. https://www.jschmid.com/blog/disruptive-catalogs-part-2/
*Operating cash flow decreased 41% to $39.3 billion for the trailing twelve months, compared with $67.2 billion for the trailing twelve months ended March 31, 2021. *Free cash flow decreased to an outflow of $18.6 billion for the trailing twelve months, compared with an inflow of $26.4 billion for the trailing twelve months ended March 31, 2021. *Free cash flow less principal repayments of finance leases and financing obligations decreased to an outflow of $29.3 billion for the trailing twelve months, compared with an inflow of $14.9 billion for the trailing twelve months ended March 31, 2021. *Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations decreased to an outflow of $22.3 billion for the trailing twelve months, compared with an inflow of $16.8 billion for the trailing twelve months ended March 31, 2021. *Common shares outstanding plus shares underlying stock-based awards totaled 523 million on March 31, 2022, compared with 519 million one year ago. *Net sales increased 7% to $116.4 billion in the first quarter, compared with $108.5 billion in first quarter 2021. Excluding the $1.8 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 9% compared with first quarter 2021. *Net loss was $3.8 billion in the first quarter, or $7.56 per diluted share, compared with net income of $8.1 billion, or $15.79 per diluted share, in first quarter 2021. First quarter 2022 net loss includes a pre-tax valuation loss of $7.6 billion included in non-operating expense from our common stock investment in Rivian Automotive, Inc.
The Association of American Publishers (AAP) welcomes the release of the 2022 Special 301 Report by the Office of the U.S. Trade Representative (USTR). The Special 301 Report serves the critical function of identifying continuing impediments to the ability of U.S. copyright owners to compete successfully in foreign markets, including markets of importance to the U.S. publishing industry. China remains on the Priority Watch List, with the Report again noting the prevalence of online piracy and the significant obstacles to releasing legitimate content into the market, given China’s stringent content review requirements. While Canada has made progress with respect to the certain IP and enforcement issues, per its obligations under the U.S.-Mexico-Canada Agreement, the country continues on the Watch List, given the U.S government’s continuing concerns with the “ambiguous education-related exception added to the copyright law in 2012,” and “high levels of online piracy.”
FSC-PRO-01-001 The Development and Revision of FSC® Requirements provides the process steps for how to develop, review, revise, and withdraw international FSC requirements. FSC invites you to participate in the second public consultation of the procedure from 29 April – 30 June 2022 via the FSC Consultation Platform. Our normative framework (policies, standards, procedures, among other documents) is the backbone of how we protect and manage forests worldwide. International FSC requirements are produced following the steps set out in FSC-PRO-01-001. Revising this procedure is thus key in streamlining FSC’s normative framework to produce adaptive and user-friendly documents and continue effectively delivering on the FSC mission. Streamlining the FSC normative framework is a key goal in the FSC Global Strategy and we are looking for feedback from stakeholders to support this effort.
“Public perception of timber is unbalanced. People need to be educated about the role that forestry can play in our battle against climate change,” highlighted Conor Fahy. Conor is one of the speakers in our 2022 PEFC Stakeholder Dialogue, on 12 May in Dublin. Ahead of the Big Day, we spoke to him and other speakers, to learn more about their work, their visions, and the role of certified timber for a more sustainable world. Conor Fahy is General Manager of ECC Timber Products, Ireland’s largest exporter of sawn and planed timber products. He started working in the company as a Quality Manager after graduating from NUI Galway with a BEng (Hons) in Energy Systems Engineering. He assisted ECC to become the first Irish Sawmill to obtain PEFC chain of custody certification and has continued to oversee the company’s regular review and upkeep of the PEFC standards.
First Quarter 2022 Summary *Reported sales grew 9% and core sales (excluding currency effects and acquisitions) grew 13% with double-digit core growth in each segment *Pharma segment posted sales growth in all markets including the prescription drug division as demand for allergic rhinitis and asthma devices began to recover *Reported earnings per share of $0.93 compared to $1.24 in the prior year; prior year results included an effective tax rate of 17% and an unrealized gain of $17 million related to changes in the fair value of an equity investment
In March 2022, we received three recognitions for product innovations for their technical excellence, sustainability performance, and enhanced consumer experiences by DOW Packaging Innovation Awards 2021. Here is how we win to make a difference for our customers – where it matters. Our multiple award-winning Sundae cup and lid received the Diamond Finalist award at the Packaging Innovation Awards. Behind the success of this innovation is the fact that the fiber-based cup and lid are made from 100% renewable resources, with wood fibers from sustainably managed forests. They are recyclable and compostable. Moreover, this plant-based innovation provides the insulating effect needed from for ice cream packaging – also ensuring a great consumer experience. Our packaging innovation Nescafe Protect Proslim - the world’s first recyclable alu-foil free instant coffee stick received the Silver Winner Award at DOW Packaging Innovation Awards 2021. Nescafe Protect Proslim is designed to replace the aluminum instant coffee sticks with mixed polyolefin structure, making the packaging fully recyclable without compromising on product shelf-life. This product is a great example of helping our customers get ahead with sustainability without compromising on consumer preferences. We also received Silver for the Garnier Men Shampoo Color packaging innovation. We collaborated with our customer L’Oréal in India to develop this innovative product, which particularly helps enhance consumer experiences through its user-friendly design. The vast differences in the colorant and developer formulas mean that they have very different packaging needs. We successfully developed packaging that met the needs of both formulas of the color shampoo and can house the colorant and developer formula in the same sachet without them mixing until the time of use.
First Quarter Overview *Revenue growth of 33% to €3,024 million *EBITDA growth of 33% to €514 million with an EBITDA margin of 17% *Corrugated box growth of 3.6% *Significant, ongoing capital investment to support customer growth and security of supply *Sets a strong foundation for 2022
The rebrand reflects Nahan’s growing suite of services that include marketing strategy, creative, data, and analytics — coupled with world-class print production and postal strategies — providing a fully integrated solution for its clients. The news follows on the heels of Nahan’s earlier announcement that it had expanded its direct mail capacity and geographic footprint through the acquisition of a Pennsylvania-based facility. “Our business has evolved dramatically in recent years, including an expansion of the services we offer, enhancements to our printing platform, and considerable additions to our leadership and management teams,” said CEO Mike Ertel. “We’re excited to unveil updated branding that more accurately reflects the company we’ve become, which is a one-stop-shop for our clients’ direct marketing needs.”
Mercer International Inc. reported first quarter 2022 Operating EBITDA increased to a $154.5 million from $82.0 million in the first quarter of 2021 and decreased from $164.9 million in the fourth quarter of 2021. In the first quarter of 2022, net income was $88.9 million (or $1.35 per basic share and $1.34 per diluted share) compared to $5.9 million (or $0.09 per share) in the first quarter of 2021 and net income of $74.5 million (or $1.13 per basic share and $1.12 per diluted share) in the fourth quarter of 2021.
*Order intake amounted to 2,588.6 million euros (MEUR) and was thus 49.7% higher than in the previous year’s reference period (Q1 2021: 1,729.5 MEUR). In particular, the Pulp & Paper and Hydro business areas were able to increase order intake significantly compared to the reference period of the previous year. *The order backlog as of March 31, 2022, reached a record level at 9,435.1 MEUR and has thus risen significantly once again compared to the end of 2021 (December 31, 2021: 8,165.8 MEUR). *Revenue at 1,526.9 MEUR were 2.3% higher than in the previous year’s reference period (Q1 2021: 1,493.2 MEUR). This rise is largely attributable to the Metals and Separation business areas. *The operating result increased more than revenue, reaching 122.3 MEUR (+10.3% compared to Q1 2021: 110.9 MEUR). As a result, the Group’s profitability (EBITA margin) increased significantly to 8.0% (Q1 2021: 7.4%). This is mainly due to continuing good business development in the Pulp & Paper business area and the substantial earnings improvements achieved by the Metals and Hydro business areas. *Net income increased to 71.5 MEUR (Q1 2021: 62.1 MEUR).
Stora Enso will invest EUR 10 million at its Enocell pulp mill in Finland to replace fossil-based heavy fuel oil with renewable pitch oil. This will reduce the environmental impact of the operations and help in reaching the ambitious target for reducing greenhouse gas emissions. Currently, the main energy sources for Enocell pulp mill are renewable black liquor, bark, and saw dust powder, but fossil-based heavy fuel oil is needed when the pulp mill is started up after maintenance stops or production disturbances. By replacing heavy fuel oil with pitch oil that is made from trees, Enocell pulp mill aims at becoming a site running 100% on bio-energy and, thus, reduce its fossil CO2 emissions by almost 70 000 tonnes annually, which is approximately 50% of Biomaterials division’s fossil CO2 emissions, and a significant contribution to achieving Stora Enso’s climate targets.
National Average Price for Regular Unleaded Current: $4.159; Month Ago: $4.244; Year Ago: $2.889. National Average Price for Diesel Current: $5.180; Month Ago: $5.127; Year Ago: $3.079.
American Dollar to Canadian Dollar = 0.784835; American Dollar to Chinese Yuan = 0.151556; American Dollar to Euro = 1.052279; American Dollar to Japanese Yen = 0.007677; American Dollar to Mexican Peso = 0.049180.
*Total net revenues for the quarter were $469.6 million, down 1.0 percent compared with $474.2 million in the prior year period. Compared with the Company’s fiscal 2020 third quarter, prior to the pandemic, revenues were up 68.4 percent. *Net loss for the quarter was $23.4 million, or a loss of $0.36 per share compared with net income of $1.4 million, or $0.02 per diluted share, in the prior year period, primarily reflecting significant year-over-year cost increases for inbound and outbound shipping, labor, and digital marketing. Adjusted net loss1 for the quarter was $21.0 million, or a loss of $0.32 per share, compared with adjusted net income1 of $1.5 million, or $0.02 per diluted share, in the prior year period.
HIGHLIGHTS *First quarter net earnings (loss) attributable to International Paper of $360 million ($0.95 per diluted share) compared with $107 million ($0.28 per diluted share) in the fourth quarter of 2021 and $349 million ($0.88 per diluted share) in the first quarter of 2021. First quarter adjusted operating earnings* (non-GAAP) of $288 million ($0.76 per diluted share) compared with $301 million ($0.78 per diluted share) in the fourth quarter of 2021 and $198 million ($0.50 per diluted share) in the first quarter of 2021. *$40 million of earnings achieved from Building a Better IP initiatives *14% year-over-year revenue growth *First quarter cash provided by operations of $588 million *Share repurchases of $406 million *Actively pursuing strategic options, including a sale of equity investment in Ilim Group
January−March 2022 (compared to 1–3/2021) • Sales were EUR 582.0 million (493.7). • Comparable operating result was EUR 121.5 million (88.8), or 20.9% (18.0) of sales. Operating result was EUR 140.7 million (82.0). • Comparable earnings per share were EUR 0.26 (0.20), and earnings per share were EUR 0.31 (0.18). • Comparable return on capital employed was 21.1% (18.3). • Net cash flow from operations was EUR 92.6 million (16.8).
Q1/2022 (year-on-year) • Sales increased by 23% to EUR 2,798 (2,276) million. • Operational EBIT increased by 53% to EUR 503 (328) million. • Operational EBIT margin increased to 18.0% (14.4%). • Operating profit (IFRS) increased to EUR 394 (161) million. • Strong cash flow from operations amounted to EUR 403 (185) million. Cash flow after investing activities was EUR 224 (-9) million. • The net debt to operational EBITDA ratio improved to 1.1 (2.3). The target is to keep the ratio below 2.0. • Operational ROCE excluding the Forest division almost doubled to 23.6% (12.0%), the target being >13%.
First Quarter Highlights *Delivered sales of $3.6 billion, up 18.2%, compared to the first quarter of 2021; up 17.9% on a daily, constant currency basis *Expanded gross margin by 245 bps compared to the first quarter of 2021 *Operating earnings of $534 million, up 49.2%, resulting in EPS of $7.07, an increase of 57.8% versus the first quarter of 2021 *Produced operating cash flow of $343 million, up 16.7%; returned $163 million to shareholders through dividends and share repurchases
Sealed Air announced the introduction of prismiq™ - a digital packaging brand with a portfolio of solutions for design services, digital printing and smart packaging. “The future of digital packaging and graphics is here. prismiq™, powered by our state-of-the-art digital printing technology is creating game-changing value for customers, enabling touchless automation both in our facilities and our customers’ operations, and making sustainability for packaging real,” said Ted Doheny, President & CEO of SEE. The prismiq™ brand offers three solution categories: “With your smart phone, prismiq™ will allow you to see inside the package. Through the SEE™ Mark, multiple data signatures can be transmitted to your phone (QR, bar codes, RFID, recycling codes, date and time stamps, etc.) enhancing the human experience,” said Sergio Pupkin, Chief Growth & Strategy Officer at SEE.
Amcor Rigid Packaging (ARP) and Danone have launched a 100% recyclable bottle for the Villavicencio water brand, made exclusively for the Argentinean market. The new label-less bottle is made from 100% recycled content and has a reduced carbon footprint of 21% compared to the previous bottle. “As longtime partners, we are excited to support Danone’s mission to have a positive impact on the environment and our health,” said Juan Cazes, general manager of Amcor Rigid Packaging Argentina. “Over the last two years, we have worked closely to produce a bottle that fully represents the Villavicencio brand, keeping the same visual elements. We used top-quality materials, helping to ensure the safety of the container and the consumer in the process, while we manufacture a bottle that, with the help of the consumer, will become another bottle once recycled.” The Villavicencio bottle can be recycled over and over, helping to support a more circular economy. Like this new bottle, many of the containers ARP designs are made from polyethylene terephthalate (PET), which is easily recycled with mechanical or chemical recycling in most markets, even when that container uses a label. Removing the label, like in the Villavicencio design, provides a greater opportunity to increase yields of recycled PET resin.
JANUARY–MARCH 2022 (1–3/2021) *Sales were EUR 1,594 million (1,400). *Operating result was EUR 341 million (136). Comparable operating result was EUR 244 million (174). *Result before taxes was EUR 330 million (121). Comparable result before taxes was EUR 232 million (160). *Comparable return on capital employed was 15.8% (12.6). *Net cash flow from operations was EUR 135 million (95).
Deluxe announced that it has signed Porsche North America to a multi-year contract in its Promotional Solutions business. With the agreement, Deluxe has also signed on as title sponsor for the new Porsche Carrera Cup signature racing series in North America. Deluxe will be the premium preferred supplier to Porsche brands in North America, providing all printed products, apparel, signage kitting and other services at events across the country and to the Porsche family of brands. The Porsche racing performance team will use the exclusive Deluxe promotional solutions online technology to order custom materials and products for their team members and racing fans across the country.
Modern Litho-Kansas City welcomes a new Heidelberg XL106 8-Color press. This new press is filled with new technology – LED ink, UV coating, and even autonomous printing. Excitement is high as we realize the tremendous advantages this new technology brings to our Kansas City location and our company. We have been busy this winter, after the acquisition of Watkins Lithographic we have been transplanting ourselves from the production facility on Taney St. to our new facility at 133 W 10th Ave in North Kansas City. With spring in the air, we see the flowers blooming and trees budding. We are surrounded by new life outside and excited about the new beginnings inside as well. veiw video at: https://modernlitho.com/2022/04/modern-litho-best-press-on-the-planet/
Domtar announced a long-term partnership with the Nature Conservancy of Canada, established alongside the execution of the largest private land conservation agreement in Canadian history. A large private tract in Ontario spanning 1,450 square kilometers of boreal forest, which was managed as a wood supply to Domtar’s pulp and paper mills, will now be managed for research and conservation by the Nature Conservancy of Canada (NCC). The area, formerly known as the Hearst Forest, is recognized for its extraordinary ecosystem and abundant wildlife. Domtar has agreed to transfer ownership of the land to NCC for $7 million below its appraised value as a part of this partnership.
*Operating profit for January–March 2022 was SEK 1 883 million (January–March 2021: 849). Operating profit includes net SEK +266 million related to the damaged turbine at Workington, which is being treated as an item affecting comparability. Excluding the item affecting comparability, operating profit increased by SEK 768 million to SEK 1 617 million because of higher selling prices for paper and wood products. *Compared with the fourth quarter, operating profit excluding the item affecting comparability increased by SEK 432 million, mainly due to price increases for paper and increased deliveries of wood products. Profit for the fourth quarter included just over SEK +200 million from the sale of a British forest property. *Profit after tax for January–March amounted to SEK 1 483 million (675), which corresponds to earnings per share of SEK 9.2 (4.2).
Norske Skog’s EBITDA in the first quarter of 2022 was NOK 610 million, an increase from NOK 422 million in the fourth quarter of 2021. Sales prices for all grades increased in the quarter as a consequence of unprecedented high energy costs in Europe and a tightened publication paper market situation. The European mills operated at full capacity during the quarter. The pellets facility Nature’s Flame was sold at a gain of NOK 175 million in the quarter. Cash flow from operations was NOK 196 million in the quarter compared to NOK 317 million in the previous quarter, positively impacted by the improved operating margins, but negatively impacted by change in working capital, being mainly an increase in trade and other receivables. Operating earnings in the first quarter of 2022 were NOK 593 million compared to operating earnings in the fourth quarter of 2021 of NOK 479 million. Net profit in the quarter was NOK 583 million compared to a net profit of NOK 400 million in the previous quarter. Net interest-bearing debt was NOK 924 million at the end of the first quarter, with an equity ratio of 37%.
First Quarter 2022 Financial Highlights: *Produced revenue of $965 million, an increase of 8% compared to the prior year, primarily driven by higher revenue from TiO2 and pig iron *Generated income from operations of $69 million and net income of $16 million, inclusive of a one-time fee regarding the settlement agreement reached with Venator totaling $85 million including the break fee and related negotiated interest *Achieved GAAP diluted EPS of $0.10; adjusted diluted EPS of $0.60 (non-GAAP) primarily due to the settlement *Invested $103 million in capital expenditures and generated free cash flow of $86 million
Q1 2022 in brief: • Net sales increased 31% to EUR 1,050 million (EUR 802 million) • Comparable net sales growth was 19% at Group level and 19% in emerging markets • The impact of currency movements was EUR 35 million on the Group’s net sales and EUR 3 million on EBIT
Bonnier LLC, a media company respected for its iconic publications in the marine category, has restructured its business across all operations to prioritize experiential events as its growth engine for the future. The Florida-based company is harnessing the power of media as a means to accelerate consumer interactions across a wide spectrum of outdoor activities. With its new mission to fuel the passion of outdoor enthusiasts, Bonnier is reshaping itself to become the nation’s leading outdoor adventure company. “We see ourselves almost back in startup mode,” said Dr. Jens Mueffelmann, Executive Chairman. “We’re taking on the mindset of a new company with a new mission and branding, a new leadership team and investors, a new structure and way of working, and a new future. We are now fully focused on growth. Game time!” In adopting its new “We Are Outdoor Adventure” branding, Bonnier is doubling down on its core mission: to fuel passion for fishing, boating, sailing, motorsports, hunting and travel. This mission is also reflected in the company’s new corporate website, bonniercorp.com, launched this month, which showcases Bonnier’s integrated brands and category dominance.
The revision of four normative documents regulating the requirements for development and maintenance of Forest Stewardship Standards (FSS) is starting soon. We are looking for technical working group members to support the process; apply today! Applications are open until 24 May 2022. In March 2022, during the 91st BoD meeting, the FSC Board of Directors approved a full revision of the documents, based on the review report, and recommended the revision to be done through a technical working group. The four normative documents contain requirements for development and maintenance of Forest Stewardship Standards. The revision process endeavors to update these requirements to make them outcome oriented and user friendly.
Highlights *Record earnings per diluted share (EPS) of $0.76, an increase of 15% over the prior year quarter *Record adjusted EPS of $0.78 per diluted share *Raises full year 2022 adjusted EPS guidance *Achieved record revenue in each business segment *Achieved record segment income in Dispensing and Specialty Closures and Custom Containers *Increased cash dividend per share by 14.3% *Redeemed outstanding 4 3/4% Senior Notes due 2025
Pregis has invested in a new 1960 square meter (21,000 square foot) customer experience facility in Europe designed to provide a holistic solutions approach to protective packaging challenges and reduce costly waste incurred by damaged products. The new Pregis innovation headquarters, called the Pregis IQ, is located in Eindhoven, the Netherlands. It will open in April as a customer demonstration and training facility designed to optimize packaging methods.
Smurfit Kappa has introduced a cleverly engineered new packaging solution for detergent pods and capsules. The child-proof TopLock Box provides a safe, convenient and sustainable alternative to the traditional plastic box for laundry products. The patented TopLock Box features an ingenious opening mechanism making it a very attractive solution for companies seeking a sustainable alternative for their certified child-proof packaging solutions. The TopLock Box is a 100% plastic-free solution made entirely from FSC® certified paper-based packaging, which is renewable, recyclable and biodegradable. It has significant environmental benefits and offers a 40% carbon footprint reduction in comparison to the traditional rigid plastic alternatives.
Joining forces with leading beverage producers, Tetra Pak is launching tethered caps on carton packages. Marking a significant milestone in the company’s long-term work on design for recycling, five new tethered cap solutions are currently being introduced across Ireland, the Baltics , Spain and Germany in different product categories – a market first for these geographies. As part of a wider programme, this development paves the way for Europe-based customers to stay ahead of schedule and meet the Single Use Plastics (SUP) Directive coming into force by 2024. Julia Luscher, Vice President Marketing, Tetra Pak, comments: “We are delighted to be supplying a number of customers with tethered cap solutions, helping them to ‘walk the talk’ towards their sustainability ambitions. Understanding our customers’ needs and having collected consumer insights through multiple pieces of research across various markets, our new tethered caps have been designed to enhance convenience. For instance, they are easy to open and re-close for subsequent consumption, while featuring carefully sized diameters for smooth pouring and drinking.”
Worzalla, an employee-owned book printer specializing in printing high-quality children’s books, cookbooks, and hard-cover best sellers, announced that its newest printing press is now fully operational. As part of its Phase III of expansion, Worzalla purchased a Goss Sunday 2000 32-page Double Web Press that provides a broad range of print formats and page configurations. Testing of the new press, which measures nearly 200 feet in length, was a months-long process that is now complete. “The final piece of our Phase III expansion is now finished, and it’s thrilling to see books rolling off the line of this massive new press,” said Jim Fetherston, President and CEO of Worzalla. “Our associates who have been working with the Sunday 2000 press have appreciated the technological advances and increased productivity.” Along with Phase III expansion, Worzalla continues to grow their workforce which will operate the new press and for the day-to-day operations of creating the millions of books ordered by Worzalla’s customers each year.
R.R. Donnelley & Sons Company (RRD), a leading global provider of marketing and business communications, earned recognition in Ad Age’s 78th Agency Report as one of the top 10 largest advertising and marketing services agencies in the U.S. The 2022 report represents the fourth consecutive year RRD Marketing Solutions is featured on the list. Produced by Ad Age DataCenter, the industry’s most authoritative source of competitive intel, the Ad Age Agency Report includes rankings of advertising, marketing services, and media agencies based on 2021 revenue.
*Revenues were $99.7 million for the quarter, an increase of $9.8 million or 10.9% for the comparative quarter and $400.0 million for the fiscal year, an increase of $42.0 million, or 11.7% for the comparative fiscal year. *Earnings per diluted share for the current quarter were $0.26 compared to $0.20 for the comparative quarter last year. Earnings per diluted share were $1.11 for the fiscal year as compared to $0.93 for the last fiscal year. *Our gross profit margin for the quarter decreased on a comparative quarter basis from 29.6% to 27.5%. Gross profit margin was 28.7% for the fiscal year compared to 29.0% for the prior fiscal year.
Snow Peak Capital, LLC, a Boulder, Colorado-based private equity firm, announced that it has made a majority investment in Sandy Alexander, Inc. (“Sandy Alexander” or “the Company”), a leading multi-channel marketing communications company, in partnership with Sandy Alexander’s management team and other previous owners. Founded in 1963, Sandy Alexander offers a variety of direct marketing services, including printing and finishing services as well as visual effect experiences. The firm serves the retail, casual dining, technology, automotive and healthcare industries. Sandy Alexander has multiple software offerings that cater to a broad range of customers. Sandy Alexander is headquartered in New Jersey with additional facilities in Florida and in Southern California.
Sun Chemical has launched ElvaJet Onyx SB – a new sublimation ink for textile printing. ElvaJet Onyx SB addresses market needs by delivering a high-performance ink that offers ease of use for wide-format textile printers. ElvaJet Onyx SB is designed to meet the market need for extended print runs between cleaning cycles, while the ink’s simple conversion process allows for immediate printing and easy start-up before or between print jobs. The advanced formula leads to enhanced print performance ensuring maximum system up-time with little intervention needed. The ink range maintains Sun Chemical’s trusted performance on a full range of transfer papers with superior edge definition and color transfer, while offering the deepest shade of black. ElvaJet Onyx SB is available in 1kg bottles and 2kg pouches to give printers maximum flexibility in conversion options.
Ahlstrom-Munksjö reinforces its commitment to the PSA (Pressure Sensitive Adhesive) industry worldwide by launching its biggest-ever global range of sustainable release papers for silicone coating. The expanded and harmonized range contains three main product families, and offers release papers based on sustainable, renewable fibers, spreading from 41 g/m2 up to 215 g/m2. Products feature various technologies and finishes to match any release liner application, even the most demanding and specified one. The ACTI-V® product family includes supercalendered Glassine release papers based on proprietary technology, ensuring the highest efficiency and reliability in silicone coating. ACTI-V® Industrial products, suitable for double side silicone coating, feature ideal dimensional stability for highly technical release liner applications.
Building on our comprehensive sustainability strategy announced in October 2021, Canfor Corporation (TSX:CFP) is announcing the implementation of a comprehensive plan to achieve net-zero carbon emissions by 2050. To achieve net-zero, Canfor has developed near term science-based targets that include reducing the carbon emissions from pulp and wood products operations, which are defined as Scope 1 and Scope 2, by 42% by 2030 compared to our base year of 2020. In addition, by 2024 we will measure and assess our global supply chain and woodlands emissions, which are defined as Scope 3, and set a science-based reduction target.
Sappi, a leading producer and supplier of diversified paper, packaging products and dissolving pulp, today launched Arrio, a decorative laminate surface solution that delivers remarkable aesthetics, premium haptics and scratch and fingerprint resistance for high-wear surfaces. By designing Arrio to serve the unmet needs of customers, Sappi will now become the only company that provides high-fidelity, 100% replicated textured finished surfaces available in flat, then expanding to include a 3D texture library over time. With its durable acrylic surface, Arrio provides extraordinarily detailed, realistic finished surfaces that will eventually support multiple textures and décor colors, gloss effects, varying depths and visible contrast. Sappi’s high-precision manufacturing process generates the exact same surface finish over time without variation or loss of definition. Arrio, which offers a superior surface to conventional melamine in aesthetics and performance, is a perfect solution for decorative and functional surfaces on furniture, work surfaces, kitchen cabinetry and more.
Sylvamo's board of directors unanimously adopted a limited-duration shareholder rights plan to protect the interests of all shareholders. The rights plan is effective immediately. The board adopted the plan after Atlas Holdings confirmed it entered into a block trade that would give Atlas nearly 14% of Sylvamo's outstanding shares and informed Sylvamo it also holds an unspecified amount of derivatives on Sylvamo shares. Sylvamo's leaders maintain open dialogue with Sylvamo's investors, including Atlas, and plan to continue these conversations. Sylvamo recognizes Atlas' extensive experience in the paper industry.
*Reported Earnings: For the first quarter 2022, net earnings attributable to the Company were $0.55 per share (diluted) compared to a loss of $0.62 per share in the first quarter of 2021. First quarter 2022 earnings before income taxes were $170 million, compared to a loss of $65 million in the prior year quarter. Both periods included items management considers not representative of ongoing operations and other adjustments. *Segment Operating Profit: Segment operating profit was $231 million compared to $175 million in the prior year quarter. Segment operating profit benefited from 6.4 percent higher sales volume and 3.7 percent higher production volume (in tons). Likewise, higher segment operating profit also reflected favorable net price, continued solid operating performance and benefits from O-I’s ongoing Margin Expansion initiatives. These benefits were slightly offset by higher logistics costs.
Q1 2022 Highlights *Net Sales were $2,245 million versus $1,649 million in the prior year quarter. *Net Organic Sales increased 3% versus the prior year quarter driven by increased demand for innovative fiber-based packaging solutions and expansion into new market segments and geographies. *Net Income was $107 million versus $54 million in the prior year quarter. *Integration of recently expanded European platform continued; on track to deliver $40 million of synergies over three years. *New K2 Coated Recycled Paperboard (CRB) machine in Kalamazoo, Michigan began operating and the ramp in production is meeting expectations; on track to achieve $50 million in incremental EBITDA in 2022 and $130 million in incremental EBITDA over three years. *Global liquidity was $1,078 million at quarter end.
Q1 highlights • Sales increased by 12% to EUR 2,507 million (2,234 million in Q1 2021) • Comparable EBIT was in line with last year at EUR 277 million, 11.0% of sales (279 million, 12.5%) • Operating cash flow was EUR 12 million (217 million) • Net debt increased to EUR 837 million (83 million) and net debt to EBITDA ratio was 0.46 (0.06) • Sales prices increased in all business areas and more than offset the negative impact of higher variable costs • Transformative growth projects in Uruguay and in Germany proceed well, investment estimate updated for the Leuna biorefinery
The U.S. Postal Service Board of Governors will meet May 5, 2022, in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC. The public is welcome to observe the meeting beginning at 4:00 p.m. ET in the Benjamin Franklin Room on the 11th floor. The Board is expected to discuss the following items: 1.Remarks of the Chairman of the Board of Governors 2.Remarks of the Postmaster General and CEO 3.Approval of the Minutes 4.Committee Reports 5.Quarterly Financial Report 6.Quarterly Service Performance Report 7.Approval of Tentative Agenda for Aug. 9 Meeting 8.Adjournment
The Container Store and multiple other retailers have revamped customer marketing strategies, with many adding shopping consumer priorities and loyalty programs, but the major hook now being thrown into the pond is a focus on emotions. Brands want to connect with consumers emotionally. Conducted online with third-party research firm YouGov, the study published by parcelLab, an operations experience management platform, shows certain shopping experiences trigger a stronger emotional response. About 1,185 U.S. adults who have shopped online participated in the survey, which was conducted from January 13-14, 2022.
FSC has blocked three Peruvian certificate holders and their FSC certification has been suspended because they were unable to verify the origin of wood they sold and purchased from the Amazon. As a result, they can no longer claim FSC certifcation on their products, or use the FSC trademark label. They will also not be able to seek recertification until FSC lifts their blockage. The blocked and suspended certificate holders (along with their certifcate numbers) are: Maderera Rio Yaverija SAC (MADERYJA) (NC-FM/COC-002175); Maderera Rio Yaverija SAC (CU-COC-810564); Maderera Industrial Isabelita SAC (EMINI) (CU-COC-858403)
Packaging Corporation of America reported first quarter 2022 net income of $254 million, or $2.70 per share, and net income of $256 million, or $2.72 per share, excluding special items. First quarter net sales were $2.1 billion in 2022 and $1.8 billion in 2021. Reported earnings in the first quarter of 2022 include special items primarily for certain costs at the Jackson, AL mill for paper-to-containerboard conversion related activities.
CANPACK S.A. continues its expansion and plans to install a state-of-the-art production line of aluminum beverage can bodies in Bydgoszcz, Poland. The expansion will allow the company to increase the current capacity of the Bydgoszcz facility by approximately 1 billion pieces per year. Production is expected to start in 2024. “We are excited to increase the capacity of our facility in Bydgoszcz and continue to offer our European customer base a wide range of aluminum packaging innovations, whilst strengthening CANPACK’s footprint in Central Europe.” – says Andre Balbi, Group Chief Operations Officer at CANPACK. Ultimately, the new expansion is aimed to strengthen CANPACK’s market leader position in the Poland beverage can market.
The consolidated sales of the Group rose to EUR 1,060.4 million and were thus EUR 419.1 million above the comparative figure for the previous year (Q1 2021: EUR 641.3 million). This growth is mainly due to acquisitions and the passing on of cost increases through higher prices. At EUR 111.1 million, the operating result was EUR 49.9 million higher than in the previous year (Q1 2021: EUR 61.2 million). The significant increase in the MM Board & Paper division contrasted with a stable development at MM Packaging. The Group's operating margin thus increased to 10.5% (Q1 2021: 9.6%).
Following the Superior Court's decision, rendered on April 20, 2022, dismissing its motion to nullify the City of Mirabel’s by-law on the distribution of printed advertising materials, and pending its appeal of this decision, TC Transcontinental (TSX: TCL.A TCL.B) is discontinuing its Publisac service in Mirabel. As already indicated by TC Transcontinental, the opt-in distribution model adopted by the City of Mirabel is not viable for the door-to-door distribution of Publisac. TC Transcontinental is therefore moving the distribution of its clients’ printed advertising material in Mirabel to Canada Post. "We find it very unfortunate to have to discontinue the distribution of the Publisac in Mirabel after more than 30 years of operations in the City, and we regret the disappearance of 16 jobs", said Patrick Brayley, Senior Vice-President, Distribution at TC Transcontinental. "It is important however to continue to allow the population to have access to the discounts offered by flyers, particularly in the context of high inflation, as well as to their local information, and for local businesses to be able to efficiently reach their audiences and compete against the giants of e-commerce."
In these times of unprecedented energy costs it has become clear that the heatset printing sector is now under severe cost pressures from many different areas. The product development team at Flint Group’s Commercial Publication Web Division (CPW) have been assessing how we can develop our products to perform with a lower demand for oven assisted drying. Our development whilst in early stages and yet to be fully proven will also serve to reduce the total cost of print. The Lo Energy series also helps to reduce the CO2 emissions of the heatset printing process making it a secure option for the future of print. Following several tests across our customer base we are pleased to announce that we are now in a position to expand the development of this product. The Prem Eco 7000 Lo Energy Series of inks targets publications produced on improved newsprint and has shown significant reductions in drier utilisation up to 100% dependent on coverage.
First Quarter 2022 Results by Segment: Label and Graphic Materials - Reported sales increased 8% to $1.5 billion. Sales were up 12% ex. currency and 12% on an organic basis Reported operating margin decreased 240 basis points to 14.0%. Retail Branding and Information Solutions - Reported sales increased 41% to $679 million. Sales were up 43% ex. currency and 20% on an organic basis, reflecting strong growth in both the high value product categories and the base business. Reported operating margin increased 90 basis points to 13.3%. Industrial and Healthcare Materials - Reported sales decreased 1% to $190 million. Sales were up 1% ex. currency and 1% on an organic basis, reflecting a low-single digit decrease in industrial categories and a low-double digits increase in healthcare categories. Reported operating margin decreased 410 basis points to 8.2%.
The United States Postal Service reported new delivery performance metrics through the first two weeks of the fiscal third quarter. For the week ending April 15 and the third consecutive week, First-Class Mail on-time delivery performance was nearly 94 percent. Through the first two weeks of the third quarter, the average time for delivery of a mailpiece across the postal network was 2.4 days. Third quarter service performance scores covering April 1 through April 15 included: *First-Class Mail: 93.6 percent of First-Class Mail delivered on time against the USPS service standard, an increase of 5.7 percentage points from the fiscal second quarter. *Marketing Mail: 95.4 percent of Marketing Mail delivered on time against the USPS service standard, an increase of 2.8 percentage points from the fiscal second quarter. *Periodicals: 87.7 percent of Periodicals delivered on time against the USPS service standard, an improvement of 5.8 percentage points from the fiscal second quarter.
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.4% in March after rising 0.7% in February. In March, the index equaled 118.8 (2015=100) versus 116.1 in February. “It is important to note that ATA’s for-hire tonnage data is dominated by contract freight with minimal amounts of spot market loads,” said ATA Chief Economist Bob Costello. “And clearly contract freight was solid in March, witnessing the largest sequential gain since May 2020. March was also the eighth straight month-to-month improvement, with a total increase of 7.4% over that period. “During the first quarter, the index rose 2.4% from the final quarter of 2021 and increased 2.6% from a year earlier. While there might be some recent softness in the spot market, for-hire contract freight tonnage remains solid and is only limited by lack of capacity—both drivers and equipment—at contract fleets.”
First Quarter Highlights *First quarter 2022 net sales were a record $1.77 billion, compared with $1.35 billion in the same period in 2021. *First quarter 2022 GAAP earnings per diluted share were $1.17, compared with $0.71 in the same period in 2021. *Base net income attributable to Sonoco (base earnings) for the first quarter 2022 was a record $1.85 per diluted share, compared with $1.00 per diluted share in the same period of 2021. 2021 base results throughout the release have been revised to conform with the Company’s current Base Earnings definition which excludes amortization of acquisition intangibles. The Company recently provided updated first quarter guidance of $1.70 to $1.80 per diluted share. (See base earnings definition, explanation and reconciliation to GAAP earnings later in this release.) *Cash flow from operations was $1.1 million in the first quarter of 2022, compared to $138.7 million in the same period of 2021.
Amcor announced an investment to establish new thermoforming capabilities for medical packaging in its Sligo, Ireland, healthcare packaging facility. The multi-million-dollar investment will strengthen Amcor’s leadership in the growing industry for sterile packaging, offering customers in Europe and North America another site with comprehensive healthcare solutions. “The additional capabilities in our Sligo site allow us to provide customers with even more differentiated and efficient solutions to meet their healthcare packaging needs,” said Amcor’s Chief Commercial Officer Peter Konieczny. “With our global scale and innovation capabilities, Amcor is uniquely positioned to capture growing demand for both medical and pharmaceutical packaging products globally.”
Imaflex Inc. is pleased to announce that it has signed equipment purchase agreements over the past quarter for three new co-extrusion blown film lines ("extruders") to help meet heightening demand for its products. "In recent years Imaflex has seen consistent, profitable growth in its Canadian and U.S. operations," commented Mr. Joe Abbandonato, President and Chief Executive Officer of Imaflex. "During this time, we have been upgrading all major extrusion lines in order to meet heightening market demand for enhanced film quality, which permits our converting customers' equipment to run at ever increasing speeds. Simultaneously, and as forecasted, we successfully reached our goal of selling out the capacity of our higher margin 5-layer line. Demand has been so robust on the niche products we created for this line that we recently purchased three new co-extruders." They are expected to generate additional extrusion capacity of between 12 to 15 million pounds per year, depending on product mix. Once an extruder is installed and fully operational, it should be fully utilized within 18 months. Barring any supply chain challenges, the extruders are expected to arrive at varying intervals ending the second quarter of 2023.
Huhtamaki, a key global provider of sustainable packaging solutions, announces a first-to-market sustainable innovation for the global pharmaceutical and healthcare industry. Huhtamaki's Push Tab® blister lid is mono-material PET and free from aluminum. It is designed to meet the stringent safety requirements of highly regulated pharmaceutical and healthcare packaging and provides the industry with a more sustainable alternative to traditional push-through blister packaging. This game changing innovation will help deliver sustainable packaging solutions for the growing global healthcare industry, whilst importantly maintaining functionality and efficiency, as Push Tab® blister lid runs on existing blister packaging lines without compromising on speed. The Huhtamaki Push Tab® blister lid is made of mono-material PET (polyethylene terephthalate) which significantly improves recyclability of the packaging, whilst remaining compatible with existing high performance blister packaging lines, without needing modifications or extra investment. Huhtamaki and its partner – Klöckner Pentaplast – bring this first-to-market innovation to help the global healthcare and pharmaceutical sector meet their sustainability targets and achieve market growth at the same time. In 2021, European packaging sales in the healthcare category had an estimated value of EUR 1.4 billion, of which approximately 50% were in blister packaging.
20/20 Custom Molded Plastics, LLC, an Inteplast Group affiliate, has acquired the assets of Covington, GA - based Vantage Products Corporation and will expand its injection molding business there. Through this new facility, 100 employment opportunities are anticipated over the next two years. Vantage, founded in 1978, was a manufacturer of polypropylene funeral services merchandise. However, 20/20 is slated to offer a wider variety of custom molded products to its customer base via its increased capacity at the 100,000 square-foot plant which houses two 2,500-ton presses and a 300-ton press. Some products 20/20 already manufactures include pallets, carts, and pool panels.
The last two years have proved to be an extremely challenging period of time for the print industry. Raw Material shortages and multiple price increases, combined with staff shortages caused by the ongoing Covid-19 pandemic, created arduous circumstances for all businesses involved in our industry. From printers themselves, to freight companies and suppliers of key raw materials, all were adversely affected. After over two years experiencing the challenges that the global pandemic presented, the more optimistic amongst us had hoped that 2022 would present some stabilization in the print supply chain, however, as we move in to the second quarter of the year, this stabilization is yet to materialize, and is unlikely in the near future whilst the tragic events in Ukraine continue to develop. Not only are the trials of the Covid-19 pandemic still with us, but rising inflation, increasing fuels costs, huge demand for packaging of all types and a global energy crisis have further increased the burdens faced by suppliers to the print industry. These increases, in some cases, have been so astronomic that it is not possible for any supplier to absorb, and ultimately, the increased costs have been passed down the supply chain.
Total European shipments of graphic papers in February 2022 were down 6.2% vs. February 2021 and are down 5.0% year-to-date. Total European shipments of newsprint in February 2022 were down 2.9% vs. February 2021 and are down 2.0% year-to-date. Total European shipments of sc-magazine in February 2022 were down 11.7% vs. February 2021 and are down 4.2% year-to-date. Total European shipments of coated mechanical reels in February 2022 were down 15.0% vs. February 2021 and are down 13.9% year-to-date. Total European shipments of uncoated mechanical (improved & others) in February 2022 were down 10.1% vs. February 2021 and are down 6.8% year-to-date. Total European shipments of coated woodfree in February 2022 were UP 6.7% vs. February 2021 and are UP 8.0% year-to-date. Total European shipments of uncoated woodfree in February 2022 were down 7.5% vs. February 2021 and are down 9.4% year-to-date.
GreenFirst Forest Products Inc. is pleased to announce that the Government of Ontario has announced that it is prepared to offer a loan of up to $17.2M (the “Loan Facility”) to support the Company’s plan to relocate and redevelop the Kenora sawmill over the next 3.5 years. Completion of the Loan Facility is subject to due diligence and negotiation of binding agreements. If completed, the Company would be able to draw down on the Loan Facility to cover 20% of its eligible project expenditures provided that the Company meets certain performance parameters including but not limited to job-creation targets and other project milestones. This strategic relocation would open the necessary expansion opportunities to ensure the mill is viable and sustainable.
Canfor Corporation is pleased to announce it will invest approximately $130 million USD to significantly upgrade and expand its sawmill and planer facility located in Urbana in Union County, Arkansas. The investment will capitalize on the abundant supply of high-quality fiber to enhance the manufacturing of high-value products, increase annual production at the facility by 115 million board feet, and result in a meaningful reduction in the facility’s cost structure. The investment aligns with Canfor’s growth and diversification strategy to keep pace with growing customer demand. “We are excited to be investing in our Urbana facility with state-of-the-art technology to modernize the work environment for our valued employees and significantly increase our ability to produce sustainable wood products that will meet the growing needs of our customers,” said Don Kayne, President and CEO, Canfor.
First Quarter 2022 Operating Results: Sales of $5.1 billion in the first quarter of 2022 increased 7 percent compared to the year-ago period. Changes in foreign currency exchange rates reduced sales 2 percent. Organic sales increased 10 percent as net selling prices rose 6 percent, volumes grew 2 percent and product mix increased sales 2 points. In North America, organic sales increased 13 percent in consumer products and increased 5 percent in K-C Professional. Outside North America, organic sales rose 10 percent in developing and emerging (D&E) markets and 8 percent in developed markets. First quarter operating profit was $693 million in 2022 and $770 million in 2021. Results in 2022 include the net benefit of the acquisition of a controlling interest of Thinx and 2021 results include charges related to the 2018 Global Restructuring Program.
Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company’s Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso’s Russian forest operation which through its harvesting supplies wood to the sawmills. Stora Enso’s assessment is that due to the uncertainties in the Russian market, local ownership and operation can provide a more sustainable long-term solution for these business operations and the employees working there. The transaction is, pending necessary approvals, expected to be concluded within Q2 2022 and will have no material impact on Stora Enso’s annual sales and Operational EBIT. Due to decreased business prospects on these businesses, an impairment loss of EUR 70 million has been recorded in the first quarter result. The additional loss on the transaction under IFRS will be approximately EUR 60 million, consisting mainly of currency translation adjustments to be recorded at the closing date. The expenses are considered as items affecting comparability.
UPM and the Paperworkers’ Union have agreed on first-ever business-specific collective labour agreements for five UPM businesses. The strike at UPM mills in Finland will end immediately and employees will return to work. The strike covered UPM Pulp, UPM Communication Papers, UPM Specialty Papers, UPM Raflatac and UPM Biofuels units in Finland. UPM will restart customer deliveries as soon as possible. The conciliator submitted settlement proposals for separate collective labour agreements for UPM Pulp, UPM Communication Papers, UPM Specialty Papers, UPM Raflatac ja UPM Biofuels yesterday, and both parties approved them on April 22, 2022.
WestRock Company has announced a partnership with Recipe Unlimited to implement a suite of recyclable paperboard packaging, intended to divert 31 million plastic containers from landfills across Canada each year. The packaging began appearing at Swiss Chalet restaurants in October, 2021 and is now available across all its locations. With a goal to replace rigid black PET trays and lids with packaging made from renewable resources, the two companies used discovery sessions in their early collaboration to zero in on the right sustainable solution. The modular system uses uncoated recycled board (URB) and EnShield® Natural Kraft to maintain the high performance standards required by Swiss Chalet, while simultaneously increasing the sustainability attributes of its takeout containers. It received the PAC Global Award for Sustainable Design during the Inclusive Opportunities & Universal Design Summit in February, 2022.
Mondi is highlighting the need for innovative packaging solutions in the fresh food industry by introducing two new recyclable packaging products - a paper-based tray and a semi-rigid plastic tray - at Anuga FoodTec. When it comes to preventing food from spoiling, the packaging industry plays a key role. Mondi has developed two new solutions to protect fresh food contents at every stage of the manufacturing and logistics process, ensuring they last longer through clever design and the potential to apply MAP (modified atmosphere packaging) to extend the shelf-life. The packaging inhibits exposure to elements such as moisture, gases and grease, and actively encourages correct consumer use, through resealable functions. This aids convenience and ease of portion control while also reducing food waste.
Huhtamaki has decided to initiate the process to divest its operations in Russia. This follows an earlier decision to stop all investments in Russia at the outbreak of the invasion of Ukraine. Huhtamaki considers that the current evolution of the situation and the long-term outlook in Russia will prevent the realization of its growth strategy and long-term ambitions in the country. Huhtamaki will continue to prioritize investments that capture the significant growth opportunities in the rest of the world, in line with its global ambitions and 2030 Strategy. The safety and wellbeing of all our colleagues remain of paramount importance. Huhtamaki has four manufacturing units in Russia, employing approximately 700 people and has successfully supported global and local customers over the last 30 years. The net sales in Russia represent approximately 3% of the Group’s total net sales. Huhtamaki will explore the market for potential buyers and will maintain its operations during this transitional period, subject to supply chain availability, to meet its contractual and regulatory obligations and to safeguard employees and customers.
UPM and the Paperworkers’ Union have not been able to come to new collective labour agreements. Today, the union turned down four settlement proposals submitted by the conciliator. The exceptionally long strike at UPM Pulp, UPM Communication Papers, UPM Specialty Papers, UPM Raflatac and UPM Biofuels units in Finland continues. “We are deeply disappointed in the decision of the union and in the continuation of the strike that has already lasted 3,5 months. UPM has been negotiating with an earnest mind and made several compromises. We also accepted the conciliation proposals. Modernising the agreement stemming from 1940’s would be important both for the employees and the company,” says Jyrki Hollmén, Vice President, Labour Markets at UPM. “It is very disappointing that after intensive negotiations, no business was able to reach a conclusion. Petri Vanhala, chairman of the Paperworkers’ Union, confirmed in the mediation of all businesses that each business can be agreed separately. The mediation found settlement proposals for four businesses that took the needs and wishes of both parties into account. We were confident that both parties undertook to accept these settlement proposals and industrial peace would resume. Now that the union has turned down the once drafted proposals, our businesses will make a fresh start," Hollmén continues.
SEE, ExxonMobil, and Ahold Delhaize USA announced their collaboration on an advanced recycling initiative, the first of its kind in the U.S. The project recycles flexible plastics from the food supply chain and remakes them into new, certified circular food-grade packaging. The initiative is expected to begin this summer and scale over time. “We’re proud to work with SEE and ExxonMobil on this collaboration, which has the potential to radically change the way retailers and manufacturers leverage food-grade recycled plastics as a key means of keeping plastics out of landfills,” said Brittni Furrow, VP, Health & Sustainability, Ahold Delhaize USA. “We’re eager to learn from this work and apply the learnings to advance our own plastics ambitions, but also advance these efforts broadly, helping to ensure a better tomorrow for our planet.” A critical challenge facing the food industry is driving a circular economy for plastics using packaging materials that have strict hygiene and performance requirements for food protection and distribution. Recovering these essential packaging materials requires innovative recycling solutions beyond traditional mechanical recycling.
Apollo announced that funds managed by Apollo affiliates (the “Apollo Funds”) have completed the acquisition of a majority stake in Novolex Holdings LLC (“Novolex” or the “Company”), a leading global manufacturer of diverse and sustainable packaging products for the foodservice, delivery and carryout, food processor and industrial markets, from funds managed by Carlyle (NASDAQ: CG). Carlyle will retain a minority stake in the Company. The financing for the acquisition includes the largest-ever sustainability-linked loan issued to date. Additional financial terms of the transaction were not disclosed.
Recycling is part of American culture, with 94 percent of those surveyed saying they support it, and 74 percent saying it should be a top priority. Yet only half of Americans have access to curbside recycling, and many of those well-meaning recyclers go about it the wrong way. As a result, far too many items that could be recycled end up in a landfill. One of the barriers to proper curbside recycling is simply a lack of knowledge about how to do so correctly. That can lead people to either toss something that could have been recycled, or to wishcycle, meaning they put something in their recycling bin that isn’t actually recyclable. Our updated curbside recycling guide can help clear the air on what is and isn’t recyclable these days. Download and print this helpful infographic, or click through our gallery below for 12 quick recycling tips. Then, scroll down for more detailed information and links to helpful resources.
Conciliator Leo Suomaa has submitted a proposal for UPM Biofuels in the collective labour negotiations with the Paperworkers’ Union. The conciliator has asked the parties to state their position on the proposal by 14 April 2022 at 10:00 EEST, which is also the deadline for the settlement proposals for UPM Pulp, UPM Specialty Papers and UPM Raflatac, given earlier by the conciliator. The conciliation for UPM Communication Papers was interrupted last weekend. "Settlement proposals have now been given to four out of five UPM businesses aiming at collective labour agreements. More than half of UPM’s employees affiliated with the Paperworkers’ Union are now covered by settlement proposals", says Jyrki Hollmén, Vice President, Labour Markets at UPM.
Digital ad revenue in the U.S. rose 35% to $189 billion last year as marketers spent more to reach consumers, according to a report from the Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC) released Tuesday. David Cohen, CEO at IAB, believes that an increase in consumer use of online services and growth of small and mid-sized businesses during the pandemic fueled the increase in digital spending — specifically in digital audio and video. “We expect this digital migration to drive the continued growth of a healthy and competitive digital marketplace driven by innovation and entrepreneurship,” he stated.
Nahan announced it has acquired the mail division assets of Intellus Marketing. The purchase allows Nahan to strategically expand its geographic footprint and complement its existing Minnesota facility with enhanced printing, mailing, distribution, and logistics capabilities that enable faster speed to market. “Direct mail is the fastest-growing segment of our business,” said CEO Mike Ertel. “The addition of an East Coast facility strengthens our already best-in-class platform with improved cycle time, which is integral to our end-to-end direct marketing solution.” The dual facilities will also increase Nahan’s overall print and mailing capacity to support the growing needs of its expanding customer base. The former Intellus facility, located in Montgomeryville, Pa., is equipped with a high-speed direct mail production platform which enables high volume execution of direct mail campaigns.
Mondi Paper Bags, part of Mondi Group, a leading global packaging and paper manufacturer, has acquired the paper bag converting lines from National Bag and Egypt Sack, two subsidiaries of Lafarge Cement Egypt, a major cement producer in the country. The acquired production lines will increase Mondi’s capacity by around 150-180 million bags annually and strengthen Mondi's position in the Egyptian paper bag market. Mondi Paper Bags already operates two plants in Egypt and with this acquisition will become a key supplier of paper bags to Lafarge Cement Egypt. "Lafarge Cement Egypt is part of leading global building material company Holcim Group who has been a key global customer of Mondi Paper Bags for years. We are excited to have signed a long-term supply agreement with Lafarge Cement Egypt and to servicing them locally in Egypt. The collaboration will offer Lafarge access to our latest innovations, industry expertise, strong plant network and customer service. Thanks to Mondi’s vertical integration, Lafarge will further benefit from our high quality Kraft paper." Claudio Fedalto, Chief Operating Officer of Mondi Paper Bags
Kohl’s Corporation mailed a letter to shareholders detailing their highly qualified Board of Directors that has the necessary skills to oversee Kohl’s evolving strategy. Kohl’s urges shareholders to protect the value of their investment by voting the BLUE proxy card today FOR ALL 13 of Kohl’s highly qualified nominees. The Company’s Annual Meeting of Shareholders (the “Annual Meeting”) is scheduled to be held on May 11, 2022. Kohl’s shareholders of record as of the close of business on March 7, 2022 will be entitled to vote at the Annual Meeting.
Conciliator Leo Suomaa has submitted proposals for UPM Specialty Papers and UPM Raflatac in the collective labour negotiations with the Paperworkers’ Union. The conciliator has asked the parties to state their position on the proposals by 14 April 2022 at 10:00 EEST, which is also the deadline for the settlement proposal for UPM Pulp, given earlier by the conciliator. In the meanwhile, conciliation will continue between the Union and UPM Biofuels. The conciliation for UPM Communication Papers was interrupted last weekend, and no further meetings have been agreed. "I am pleased that the negotiations have reached a point where conciliation settlements are presented. I hope agreements will be reached soon, and we get to start the mills", says Riitta Savonlahti, Executive Vice President, Human Resources at UPM.
HH Global are pleased to announce that we have been awarded a multi-year contract with Samsung to provide artworking services across the UK and Ireland The award follows a highly competitive tender process, in which we pitched directly against multiple agencies to provide a solution for Samsung’s studio and artworking requirements. Feedback from Samsung confirms that our solution, presentation, and creative delivery was superior to all other agencies invited to bid.
Sonoco announced promotions among its senior operational leadership which are aligned with the Company’s strategy to simplify its operating structure to improve efficiency and effectiveness, according to Howard Coker, President and Chief Executive Officer. The appointments are effective immediately. Rodger Fuller has been named Chief Operating Officer, continuing to report to Coker. Sean Cairns has been named President of Sonoco’s Global Rigid Paper and Closures organization, including operations in Americas, Europe and Asia, reporting to Fuller. James Harrell has been named President of Global Industrial Paper Packaging, reporting to Fuller, and has responsibility for all of Sonoco’s Industrial businesses globally. Also reporting to Fuller is Russell Grissett, who will continue to lead Sonoco’s Global Flexible Packaging business as President and has more than 28 years of operating and commercial leadership with Sonoco’s Consumer businesses. Jeff Tomaszewski has been named President of Sonoco’s Diversified Businesses, reporting to Coker.
Amcor announced it is the first company to purchase certified circular polyethylene material using ExxonMobil’s Exxtend™ technology for advanced recycling. Amcor will leverage this new material across its global portfolio, providing customers in healthcare and food industries with more recycled content in a variety of solutions and applications. Increasing the use of advance recycling materials, such as circular polymers, is one way Amcor is meeting its sustainability pledge to develop all of its packaging to be recyclable or reusable by 2025. The use of these materials will significantly add to the 113,000 metric tons of recycled material Amcor used in its packaging in fiscal year 2021. The technology behind advance recycling materials allows plastic waste to be converted into brand new products that are no different in quality and performance from ones made with virgin raw materials, providing customers peace of mind and the benefit of increasing the use of recycled content in their packaging.
TC Transcontinental, owner of the Publisac, reacts to the City of Montreal’s announcement of its intention to implement an opt-in system for the distribution of flyers beginning in May 2023, that would lead to the end of the distribution of the Publisac on its territory. As already indicated by TC Transcontinental, an opt-in model is unsustainable because of its complexity and the prohibitive costs it would generate. "In the current inflationary context, and at a time when the population is facing an unprecedented rise in prices, the social and economic relevance of the Publisac is greater than ever," said Patrick Brayley, Senior Vice-President of the Distribution Group of TC Transcontinental. Indeed, the Publisac, in addition to giving consumers access to discounts, distributes local newspapers at an advantageous cost, helps merchants to attract customers and compete against the giants of e-commerce, and supports thousands of direct and indirect jobs. We intend to assert our rights and those of our customers if necessary."
The new product Blue4est® Pro of the Thermal Paper division is a paper-based label material that is also known as facestock. It is being used for the new generation of environmentally friendly labels because it is produced without chemical developers. This means that it can be disposed of as wastepaper and is also approved for direct contact with food. As with the Blue4est® POS till receipt, the Blue4est® Pro self-adhesive label can be instantly recognized by consumers as environmentally friendly by its blue color. The partnership between Koehler Paper and HERMA has given rise to the world’s first, and as yet only, thermal adhesive material without chemical developers. This is yet another example of outstanding development work by the Koehler Innovation & Technology division of the Koehler Group at the headquarters in Oberkirch, Germany.
We're excited to formally open up registration and make the complete agenda available for the 15th Annual National Forum in Washington June 13-15, 2022. Please see the links below. In brief, here are some reasons you can't afford to miss this event: • Consumer privacy legislation continues to pop up state by state. • The Supreme Court's decision in South Dakota v. Wayfair was four years ago, but the aftereffects continue to hinder many e-commerce and catalog businesses and it’s getting worse. • Heavy focus on the significant Supply Chain Challenges. • After years of aggressive lobbying by the ACMA, the recent passage of the Postal Service Reform Act is a great first step toward ensuring your future ability to use the mail to promote your business but that alone is not enough. And More! Conference Registration - First Come First Served at https://catalogmailers.org/product/15th-annual-national-catalog-forum-registration-page/
The United States Postal Service reported new delivery performance metrics for the fiscal second quarter dating through the month of March. Through the second quarter, the average time for delivery of a mailpiece across the postal network was 2.7 days. First-Class Mail performance showed steady improvements over the past five consecutive weeks, reaching 93.9 percent for the week ending April 1. The latest performance scores for Marketing Mail reflect the two best consecutive quarters since measurement began in FY 2011. Second quarter service performance scores covering Jan.1 through April 1 included: *First-Class Mail: 87.9 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 1.3 percentage points from the fiscal first quarter. *Marketing Mail: 92.6 percent of Marketing Mail deliver ed on time against the USPS service standard, consistent with performance from the fiscal first quarter.*Periodicals: 81.9 percent of Periodicals delivered on time against the USPS service standard, an improvement of 1 percentage point performance from the fiscal first quarter.
Unit sales of print books fell 8.9% in the first quarter, which ended April 2, from the same period in 2021, at outlets that report to NPD BookScan. The decline was expected, as first-quarter sales in 2021 soared 29.2% over the first period in 2020. Unit sales were 183.9 million in the most recent quarter, down from 201.9 million a year ago, but they were still up about 16% over the first quarter of 2020, when sales began to soften due to pandemic-related lockdowns. The only category to post a meaningful increase in the quarter was adult fiction. Colleen Hoover and fellow BookTok favorite Taylor Jenkins Reid were the big winners. Hoover’s It Ends with Us sold more than 400,000 copies in the first quarter, making it #1 on the category list, while Verity, with 312,000 copies sold, and Reminders of Him, with about 235,000 copies sold, were in second and fifth place, respectively, on the adult fiction chart.
The ‘small changes’ process mandated by the FSC Board of Directors at their 86th Meeting aims to improve aspects of gender inclusiveness and the glossary of terms by revising four International Generic Indicators (IGI) in the FSC-STD-60-004 V2-0 EN. For this purpose, an internal technical working group (I-TWG) was appointed in FSC’s Performance and Standards Unit (PSU) in October 2021 to propose draft revised IGI (1.6.4, 4.6.4, 2.2.3 and 2.2.5) and to define a new glossary term. ‘Small changes’ are defined as the revision or addition of one or two requirements. PSU is following Clause 2.2 in Annex 4 of FSC-PRO-01-001 Development and Revision of FSC Normative Documents to conduct this process. FSC is now inviting you to support the process by submitting your feedback through 11 May 2022. The public consultation can be accessed here.
The Mayr-Melnhof Group (MM) has acquired 100% of the shares in Eson Pac, based in Veddige, Sweden, from the majority shareholder Nalka Invest AB and the minority shareholders from family and management. With a total turnover of around EUR 48 million, Eson Pac develops, produces and sells high-quality secondary packaging solutions for the pharmaceutical industry. The company has three production sites in Sweden and one in Denmark, focusing on folding boxes, leaflets and labels. Eson Pac currently employs around 300 people. "With this acquisition, we are strengthening our presence within the premium segment of the packaging division. The transaction ideally complements our current customer base and offers attractive new opportunities. In combination with our existing activities, we can offer our customers even more innovative and sustainable solutions. We are very confident that together with the highly qualified team from Eson Pac, we will successfully advance the joint growth course", commented MM CEO Peter Oswald.
Mondi has joined forces with French machine supplier Thimonnier to develop a recyclable packaging that reduces plastic waste. The companies have created a new packaging for liquid refills that is designed so that it can be entirely emptied. The berlingot sachet is made from a recyclable mono-material, coextruded polyethylene (PE). It not only weighs less but also reduces plastic usage by more than 75% compared to rigid plastic bottles. The refill solution can replace the current industry standard of multilayer PVC refill containers, which are effectively not recyclable. The unusual shape of the sachet is eye catching and differentiated. The durable and leak-proof solution allows consumers to smell the product inside, a particularly useful feature for the liquid soaps it is designed to protect. The lightweight material also makes it more convenient for customers, especially those who are buying in-store.
The conciliator has announced that the conciliation between UPM Communication Papers and Paperworkers’ Union has been interrupted, as the parties’ views are still far apart. At the same time, the conciliator announced that the conciliation in UPM Specialty Papers, UPM Raflatac and UPM Biofuels continues. For UPM Pulp the conciliator has already submitted a settlement proposal. Unlike before, the Paperworkers’ Union is now ready to finalise agreements for UPM’s different businesses non-simultaneously. This means that UPM Specialty Papers, UPM Raflatac, and UPM Biofuels prepare to find solutions on the same schedule as UPM Pulp, which is expected to state its position on the settlement proposal by April 14, 2022. Next meetings between UPM Communication Papers and the Paperworkers’ Union have not been scheduled.
Sheridan’s parent company, CJK Group, has approved several new equipment acquisitions for the Sheridan facilities, bringing even more state-of-the-art capabilities to five of its nine locations. The Sheridan Pennsylvania facility will install an HP T250 Series PageWide Inkjet Web Press equipped with an in-line Magnum Finishing Line, and will implement an upgrade of two HP T240 Series PageWide Inkjet Web Presses to the T250 format with the new T250 Core, Vision System, and DFE – all planned for this fall. In addition, a Muller Martini Infinitrim Three-Knife Trimmer will be integrated with an existing Vareo Perfect Binder, resulting in the most efficient means of binding and trimming ultrashort-run books down to a quantity of one. That installation is slated for this summer. The Sheridan Kentucky and Sheridan Michigan plants will each implement an HP DFE Base and Vision System Upgrade to their HP Series PageWide Inkjet Web Presses (HP T400 Series in Kentucky and HP T300 Series in Michigan). The Sheridan Wisconsin facility will add to its digital fleet with the installation of a new HP Indigo 12000 Sheetfed Toner Press this spring.
WestRock Company announced it will permanently cease operations at its mill in Panama City, Florida, by June 6, 2022. The mill produces containerboard, primarily heavyweight kraft, and fluff pulp, with a combined annual capacity of 645,000 tons. Select grades of containerboard currently produced at the mill will be manufactured at other WestRock facilities. “A decision to close a facility and impact the lives of our employees is never easy to make,” said David B. Sewell, chief executive officer at WestRock. “As we implement our plans to close the Panama City mill, we do so with great appreciation for the many contributions of the team there. We are committed to assisting our Panama City team with exploring roles at other WestRock locations and outplacement assistance.”
The U.S. Postal Service today released a First-Year Progress Report on Delivering for America (DFA), its 10-year plan to return the organization to financial sustainability and achieve service excellence while maintaining universal six-day mail delivery and expanding seven-day package delivery. “We have made significant progress in the first year of our Delivering for America plan, but our work is far from over,” said Postmaster General and Chief Executive Officer Louis DeJoy. “Our employees are playing an integral role in the advancement of the plan. As we continue to implement components of the plan, we expect to significantly improve on-time delivery performance, operational capacity, precision and efficiency, and to do so in a financially sustainable manner over the coming decade. Delivering for America is helping to drive a new sense of purpose and focus across all levels in the organization.” Key milestones in the first year of DFA include: Reversing decades of losses; Improvements in on-time national service performance; Streamlined organizational functions; Conversion of nearly 63,000 pre-career employees into career positions; New standards to provide service reliability for customers and more
During over two decades of representing FSC in the country, FSC Russia achieved immense success in increasing FSC certification, promoting responsible forest management and creating a platform for dialogue among actors with interests in Russia’s immense forests. The FSC Russia Board has informed FSC International that the decision to end the contractual relationship is a precautionary measure which will be revisited depending on how the operational environment evolves in Russia. FSC International knows that the work to promote responsible forest management in Russia will continue thanks to our close partners and forest allies, who made FSC a success in Russia, ensuring responsible management and protection of vast areas of valuable forest. And we trust that certificate holders will continue to uphold their FSC Forest Management certification. The channels of communication remain open for stakeholders in Russia who are welcome to reach out to FSC International for any questions.
Anthony Pratt, Executive Global Chairman of Pratt Industries and Visy, often refers to Pratt’s material recovery programs and circular strategy as harvesting the urban forest. “Through our closed loop process,” says Pratt, “we harvest the urban forest to divert 3 million tons of paper, other recyclable materials and waste-to-clean energy materials from the landfill each year.” To better explain what it means to harvest the urban forest and why it is important for Pratt, our customers and their end-users, we spoke with two leaders and experts on sustainability, material recovery and recycling. Between Cathy Foley and Shawn State, there are 50 plus years of experience and accumulated knowledge on recycling and sustainable initiatives for the paper and packaging industry. Foley has served as the Executive Vice President, Industry Relations & Supply Chain for Pratt since 2016, but she previously spent more than 20 years at the American Forest and Paper Association, including as Group Vice President. She was also elected to serve as the Chairman of the Fibre Box Association from 2020-2021.
Aptar is strengthening its local roots in Oyonnax in the Auvergne-Rhône-Alpes region by investing 42 million euros in a new state-of-the-art prestige beauty site, which will be operational in spring 2023. With this innovative initiative, Aptar is consolidating legacy operations into a new and dynamic facility which further asserts its leadership as the driving force behind customizable luxury solutions, with more sustainable features, in France. “I am extremely proud to announce Aptar’s new center of excellence in Oyonnax, France which furthers our efforts to help our customers win in their marketplaces, especially in the prestige beauty market. The investments we are making in this new facility will strengthen our partnerships for many years to come. We remain committed to delivering on our promises to consumers and customers in the many markets we serve as we live up to our purpose of transforming ideas into solutions that improve everyday life,” said Stephan Tanda, President and CEO, Aptar.
Brook + Whittle, a leading provider of pressure sensitive and shrink sleeve prime labels, today announced that it has signed a definitive agreement to acquire the Custom Labels Group within Cenveo Worldwide Limited (“Cenveo”). The acquisition significantly enhances Brook + Whittle’s position in e-commerce and digital label printing in North America. “Cenveo’s Custom Labels Group is a differentiated business with incredible experience in short run volumes, fast turnaround service, and great product quality, all delivered through some of the world’s most advanced digital systems,” stated Mark Pollard, CEO of Brook + Whittle. “This acquisition places Brook + Whittle at the forefront of digital transformation in the label industry. Regardless of whether our customers require one or one billion labels, the combined platform has the capability to deliver high quality, custom designed products with the industry’s fastest lead-times. Brook + Whittle welcomes the Custom Labels Group employees, and we are excited about our collaboration to provide unmatched capabilities and value to our respective customers.”
Sun Chemical has collaborated with HP, Futamura and Mitsubishi Chemical to produce a compostable pack, which combines individual components (substrates, inks and adhesive) certified by leading testing organizations. The industrial compostable pouch comprised of Futamura’s certified home and industrially compostable cellulose film, NatureFlex™ 23NK, was printed on an HP Indigo 6K digital press and laminated using Sun Chemical’s solvent-free, industrially compostable adhesive SunLam SFC100+HAC306, and Mitsubishi Chemical’s BioPBSTM FD92PM sealant film converted by Baker Labels. The results obtained during the digital printing process, as well as the solvent-free lamination, provided comparable lamination and sealing performance to a conventional plastic-based pack.
Zume, the sustainability solutions company creating economically viable substitutes for single-use plastics, today announced it is furthering its partnership with Solenis, a leading global producer of specialty chemicals. Together, the companies are launching a comprehensive line of PFAS-free packaging to replace plastic and styrofoam with a sustainable alternative for food service applications. Popular for their grease- and water-resistant properties, PFAS (per- and polyfluoroalkyl substances) are widely used chemicals commonly found in food packaging. While molded fiber packaging can be composted, PFAS do not degrade naturally and can leach from containers and move through soils, contaminating drinking water sources and significantly damaging the sustainability and circularity profile of molded fibers. The joint partnership furthers efforts from Zume and Solenis to expand PFAS-free molded fiber solutions to replace entire categories of single-use plastic without harmful chemicals. Zume will provide its advanced molded fiber manufacturing capabilities and professional services, and Solenis will supply its unparalleled expertise in functional additives and surface coatings which increase the strength and functionality of Zume’s fiber recipes.
BillerudKorsnäs’ Annual and Sustainability report for 2021 is from today available on the company’s website at: https://www.billerudkorsnas.com/globalassets/cision/documents/2022/20220408-billerudkorsnas-annual-and-sustainability-report-2021-en-0-4233775.pdf
National Average Price for Regular Unleaded Current: $4.139; Month Ago: $4.173; Year Ago: $2.870. National Average Price for Diesel Current: $5.062; Month Ago: $4.755; Year Ago: $3.084.
American Dollar to Canadian Dollar = 0.794482; American Dollar to Chinese Yuan = 0.157135; American Dollar to Euro = 1.086482; American Dollar to Japanese Yen = 0.008042; American Dollar to Mexican Peso = 0.049716.
Viipurilainen Kotileipomo is a nearly 100-year-old company that produces pastries and artisan breads from local ingredients using traditional methods. When the bakery was looking for a new solution for its cake packaging, its key criteria were to reduce the environmental footprint of the packaging, and to make assembly quick and easy. Viipurilainen Kotileipomo and Metsä Board's packaging design team based at Metsä Board's Excellence Centre jointly developed a resource-efficient and 100% recyclable bakery packaging. The new eye-catching packaging reduces material requirements by 25%, and carbon dioxide emissions by 34% compared to the previous packaging. At the same time, the bakery was able to reduce its use of plastic by moving away from a PE-coated board. In addition to the environmental benefits, the design of the new bakery box makes it quicker and easier to assemble. "Packaging sustainability is important to us and our customers, and it's great to be able to spread the word about reducing plastic and promoting recycling. The whole product development process was carried out in a structured way at the Excellence Centre and the new stylish packaging was quickly brought to market," says Teppo Ylä-Hemmilä, Bread Artist and Innovation Director, Viipurilainen Kotileipomo.
The United States Postal Service filed notice with the Postal Regulatory Commission (PRC) of price changes to take effect July 10, 2022. The new prices, if favorably reviewed, include a two-cent increase in the price of a First-Class Mail Forever stamp from 58 cents to 60 cents. The proposed prices, approved by the Governors of the U.S. Postal Service, would raise First-Class Mail prices approximately 6.5 percent which is lower than the Bureau of Labor Statistics annual inflation rate of 7.9 percent as of the end of February. The price changes reflect a judicious implementation of the Postal Service’s pricing authority provided by the Postal Regulatory Commission. If favorably reviewed by the PRC, the single-piece letter additional ounce price would increase to 24 cents, the metered mail 1-ounce price would increase to 57 cents and the price of a postcard stamp would increase to 44 cents. A one-ounce letter mailed to other countries would increase to $1.40 cents. The Postal Service is also seeking price adjustments for Special Services products including Certified Mail, Post Office Box rental fees, Money Order fees and the cost to purchase insurance when mailing an item.
Costco Wholesale Corporation reported net sales of $21.61 billion for the retail month of March, the five weeks ended April 3, 2022, an increase of 18.7 percent from $18.21 billion last year. For the thirty-one weeks ended April 3, 2022, the Company reported net sales of $130.00 billion, an increase of 16.7 percent from $111.37 billion during the similar period last year.
Initially announced in January 2020, Ahlstrom-Munksjö has completed its investment and started production for additional capacity in both filtration and energy storage materials at its plant in Turin, Italy. By successfully expanding manufacturing facilities, Ahlstrom-Munksjö is making a strong commitment to customers in both the High-Performance Filtration and Energy Storage markets. The new machine at the Turin plant is a state-of-the-art line specifically designed to produce glass microfiber media. The line will serve applications where glass microfiber media is required, supporting Ahlstrom-Munksjö’s growth initiatives in industrial filtration as well as in Absorbed Glass Matt (AGM), a key component in Lead Acid Batteries. In addition, the new line will also be able to deliver online saturated filter media, supporting the increasing global demand for filtration media.
When TymeFood needed higher-performance, more sustainable packaging for extending its reach out of London, it turned to Mondi, a global leader in packaging and paper. The solution, BCoolBox, is now keeping TYME Food’s weekday meals fresh as it delivers them to all corners of the UK. "TYME Food tested several multi-material options before turning to us. After analysing the conundrum with our customer-centric EcoSolutions approach, we proposed a trial of our new BCoolBox packaging system optimised for TYME Food’s needs. BCoolBox’s tough, lightweight corrugated sides and insulation panels keep contents well protected at under 7°C for a minimum of 24 hours during standard shipment. Its all-corrugated, mono-material construction simplifies the supply chain. It’s been great to be able to prove the effectiveness of this product." Nedim Nisic, eCommerce Manager, Mondi Corrugated Solutions. BCoolBox can be thrown into the paper sorting bin, unlike multi-material packaging where the UK does not have the necessary recycling infrastructure. With their core commitment to sustainability, this was a particular concern for TYME Food’s management. “We were looking for an insulation material that would maximise the possibility of it actually being recycled. Mondi’s perforated panel concept is very smart. Paper is a material that customers know how to recycle in the conventional infrastructure in the UK rather than requiring novel education or conditions to do so. So we invited Mondi to test their product for us.” said Joe Cooke, Creative Director, at TYME Food.
The Quantum Group, a trusted expert in direct marketing and business communications services, is continuing its investment in innovative new technologies to better serve its customer base with the purchase of a Canon ProStream 1800 inkjet web press. The addition of the ProStream adds to Quantum Group’s extensive line of digital and offset printing equipment. Cheryl Kahanec, CEO of Quantum Group, said, “Our client’s printing and mailing programs have become more complex. Today’s campaigns feature vivid imagery, dynamic content and higher degrees of variability printed on unique formats and substrates. The ProStream sets a new benchmark for inkjet quality, with a color gamut beyond offset standards. “As a forward-thinking company, we continuously evaluate the benefits of the latest technologies with a view to not only enhance our current services, but also to deliver something new and unique,” explained Kahanec. “We quickly realized that Canon’s solution offers just that and could take our digital printing services to the next level.”
The Arena Group on Monday announced it has finalized the acquisition of the multimedia content company AMG/Parade, whose brands include the iconic Sunday-newspaper magazine, Parade, as well as Relish and Spry Living. They will anchor The Arena Group’s new Lifestyle vertical and expand the Company’s Sports vertical. The Parade Media titles join Arena Group’s portfolio of 13 brands, including Sports Illustrated, TheStreet, HubPages, Fashionista, and Pet Helpful.
Maryland Congressman Jamie Raskin, chairman of the Subcommittee on Civil Rights and Civil Liberties, plans to hold a hearing to examine the wave of attempted book bannings in schools and libraries across the country. The hearing is set for April 7 at 10:00 a.m. ET. A livestream will be available on YouTube and the Committee on Oversight and Reform website. The hearing comes during National Library Week, and after the American Library Association announced on Monday that it counted some 729 challenges to remove nearly 1,600 books from school and public libraries in 2021—a striking uptick and the highest number of attempted book bans in the 20 years that the ALA has tracked this data.
This is the first FSC forest management certificate in Gabon since 2014 and an important milestone for Gabon´s ambition to have all their forest concessions certified by 2025. With this certificate, the total area of natural forest responsibly managed in the country under FSC certification reaches 2,241,051 hectares. The company’s operations are located in the town of Moanda and supplies certified logs to processing industries established in the Nkok Special Economic Zone, a 1126-hectare multi-sectoral industrial park located 27 km from Libreville. The Ogooué concession covers 179,861 hectares of forests, including 25 996 hectares of strictly conservation area. The concession includes about 309 inventoried tree species and iconic and threatened mammalian species such as elephants, chimpanzees and gorillas.
The design and decoration of beverage cans may appear, on the surface, to be a straightforward affair, but there is far more to achieving an outstanding result on shelf than simply choosing some pretty shapes and colors. There is also a psychological element to be considered, as design plays a major role in how consumers perceive and differentiate between dozens of packages on display. In addition to brand image, design helps distinguish a craft beer from an energy drink from a canned water or soda, and while this may not be something most consumers are aware of, the subconscious will certainly be taking note. Fortunately for beverage brands, the can is the perfect canvas for creativity to thrive. The metal substrate offers a near infinite number of shaping and sizing options, while decorative techniques have advanced significantly in recent years. A 360-degree brandable space is waiting for a striking and efficient design, ready to covey a brand’s image with a freedom that is simply not available with alternate substrates. The versatility of aluminum cans makes them an ideal choice for all drinks categories and audiences, and the format continues to increase in popularity as a packaging format around the world.
The Circular Plastics Taskforce (CPT) is pleased to announce the support received from the Ministry of Economy and Innovation (MEI), in the form of a financial contribution of over half a million dollars. This grant marks the official start of Phase II of the project led by the CPT, which aims to optimize the management of plastics across the recycling value chain through a better alignment between material recovery facilities (MRFs), recyclers and the needs of the different end markets for post-consumer recycled plastic. The financial partnership with the MEI, made possible thanks to Éco Entreprises Québec’s involvement in financial support management, will allow the launch of the first pilot projects of Phase II, in addition to supporting the coordination of all planned activities. Launched in 2020, the CPT is a collaborative effort of organizations wishing to find concrete solutions to improve the management of post-consumer plastics. It brings together five major food, beverage and packaging companies in Canada (Cascades, Danone Canada, Dyne-a-pak, Keurig Dr Pepper Canada and TC Transcontinental), the Chemistry Industry Association of Canada (CIAC) and Éco Entreprises Québec (ÉEQ).
Frank Shaffer has joined Monadnock Paper Mills, Inc. as Technical Services Manager. In this newly developed role, Frank will act as liaison between Monadnock and its vendors and customers relative to new product development, quality, sales and marketing. Prior to joining Monadnock, Frank was with Hub Folding Box, Mansfield, MA, for the past six years. Prior to that he held positions with Timbar Packaging & Display, and Two C Pack Systems. Frank also founded Souhegan Color, Inc. which merged with Eastern Rainbow in 1999. He has a strong background in commercial print operations, secondary packaging, and media. He is a graduate of the Rochester Institute of Technology with a BS degree in Printing Technology. “I’m pleased to welcome Frank to our team,” said Dr. Rajan Iyer, Vice President of Research & Development and Technical Services at Monadnock. “His extensive background in print platforms, post-press converting, and product development raises the level of consultative service we can provide to our customers.”
An old nursery rhyme asks: How does your garden grow? We’d like to offer a new, sustainable answer: With help from recycled paper in your garden. As amateur and even professional gardeners prepare for spring planting, many of them will use a sustainable resource — paper — in their gardens. Paper, which is made from wood fiber, is naturally biodegradable and offers many benefits to the plants growing in your garden. Here are four ways you can recycle paper products to improve your soil, reduce reliance on pesticides and enjoy your garden’s bounty: 1. Use paper products as sustainable mulch. 2. Let paper enhance your compost. 3. Start your seeds in paper pots. 4. Use paper in your garden to identify plants.
Pixelle Specialty Solutions Holding LLC announced that it has signed a definitive agreement to be acquired by an affiliate of H.I.G. Capital. Terms of the transaction were not disclosed. Pixelle was formed in 2018 by Lindsay Goldberg, a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses. Pixelle has built an industry-leading four-mill specialty paper platform with mills in Chillicothe, OH; Jay, ME; Spring Grove, PA; and Stevens Point, WI. Collectively the mills operate 11 paper machines and produce more than one million tons of paper annually. Timothy Hess, Pixelle’s Chief Executive Officer, said, “Together with Lindsay Goldberg, Pixelle has developed a broad, innovative portfolio of industry leading brands across the specialty papers and sustainable packaging markets. In under four years, we have transformed Pixelle into the leading specialty-focused paper producer in North America through three strategic acquisitions and successful implementation of a continuous improvement program. We thank Lindsay Goldberg for their partnership and look forward to our next chapter with H.I.G. Capital.”
MIDLAND, one of the nation’s largest independent packaging and paper distributors, today announced the acquisition of J.Schmid, a full-service branding and creative agency headquartered in Kansas City. Though it’s widely known as a leader in sustainable packaging, e-commerce packaging, distribution automation, and publishing and printing paper supply, MIDLAND is also growing in the area of performance – specifically, direct-to-consumer marketing and strategic consulting. MIDLAND’s commitment to strategic consulting began in 2019 with the acquisition of CohereOne, a Californiabased multichannel consulting and strategic services firm. “We always had a vision to expand our services beyond paper and packaging products, so we made the bold move of acquiring CohereOne to complement our core product offering. Our goal was, and is, to ensure a client’s message reaches the right people in the right places with strategic planning, campaign execution, digital integration and analytics. MIDLAND is thrilled with the performance of CohereOne, and excited to take our strategic consulting business to the next level by bringing J.Schmid onboard,” said MIDLAND’s Co-Owner and Executive Vice President of Publishing & Consulting, Jim O’Toole.
John Galligan, president of B&B (Bradford & Bigelow), discusses his Newburyport, Massachusetts-based book printing company’s $35 million investment in an HP color inkjet web press, Muller Martini digital and conventional finishing equipment, a second Manroland web offset press, and expanded warehouse/distribution space. He also reveals the advice he is providing B&B customers concerning the paper crisis. see more at: https://www.piworld.com/xchange/production-inkjet-printing/bb-president-discusses-35m-book-printing-investment/
S&P Global announced it has entered into an agreement to sell its Leveraged Commentary and Data (LCD) business and its related family of leveraged loan indices to Morningstar Inc. Morningstar has agreed to purchase LCD for $650 million in cash, comprised of $600 million paid at closing, subject to adjustment, and a contingent payment of up to $50m of which is payable six months following the closing upon the achievement of certain conditions related to the transition of LCD customer relationships. The transaction is subject to customary closing conditions, including antitrust approvals. LCD is a leading research group that provides highly differentiated and proprietary research on the U.S. and European leveraged loan, high-yield bond, collateralized loan obligation (CLO) and mid-market/direct lending markets.
American Trucking Associations joined an event at the White House highlighting new public-private initiatives designed to grow the trucking industry’s workforce and bolster the U.S. supply chain. Nine professional truck drivers and nearly two dozen CEOs from ATA-member companies were in attendance. ATA President and CEO Chris Spear issued the following statement prior to the event: “Investing in our workforce never stops. It’s a constant. Our industry needs an additional 80,000 commercial truck drivers if we’re to meet consumer demand. We welcome the support of all elected officials as we recruit and train more talent into this critical industry. Recognizing our dedication to training and safety, the Departments of Labor and Transportation have worked quickly and efficiently in approving ATA as a registered apprenticeship sponsor. This long-sought designation provides our member companies valuable new tools and resources to help recruit and train the next generation of trucking talent."
A new type of forest machine is currently driving around the forests of Sweden. It combines a low-impact approach, increased productivity and an improved operator environment and is the result of a major cooperative project that has been under way since 2019. The concept machine is called Centipede and it has been developed by SCA, seven other Swedish forestry companies and the forest machinery manufacturer Komatsu. The machine is currently being test driven and the results are promising. Swedish forestry is facing major challenges and the issue of sustainability is the focus of attention. For this reason, Södra, Sveaskog, SCA, Holmen, Norra Skog, Mellanskog, Stora Enso and BillerudKorsnäs, as well as the forest machinery manufacturer Komatsu Forest, have jointly developed a new forest machine for low-impact forestry. With its innovative technology, the machine – called Centipede – is designed to ensure the most sustainable possible management of forests for both the environment and people.
Canon Production Printing and Canon Inc. today announce the acquisition of UK-based packaging converting equipment manufacturer Edale, with the aim of strengthening Canon’s label and packaging business, and creating opportunities for future developments. Through this acquisition, Canon is intensifying its long-term strategy to provide turn-key solutions for the label and packaging sectors. The move will enable Canon Production Printing to further develop its LabelStream 4000 product line, as well as provide expertise and technology for future products. Based in Hampshire, UK, Edale engineers and manufactures world-class printing and converting solutions for the label and packaging industry, including digital and hybrid presses, carton and label production lines, flatbed die-cutters, and finishing and converting equipment. The company has a long history in the flexo label industry and a strong reputation for its web transport and converting solutions for digital label production.
The United States Postal Service reported new delivery performance metrics for the fiscal second quarter dating from Jan. 1 through Mar. 25. Weekly service performance scores have improved for consecutive 4 weeks as the Postal Service continues its top-down focus on operational precision across the postal network to improve delivery reliability. For the week ending Mar. 25, service performance scores for First-Class Mail, Marketing Mail and Periodicals rose to the highest levels since pre-2021 peak holiday season. Second quarter service performance scores covering Jan.1 through Mar. 25 included: *First-Class Mail: 87.2 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 1.9 percentage points from the fiscal first quarter. *Marketing Mail: 92.4 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter. *Periodicals: 81.8 percent of Periodicals delivered on time against the USPS service standard, an improvement of .9 percentage point performance from the fiscal first quarter.
The Forest Stewardship Council (FSC) will require suspension of its certificates in armed conflict areas of Ukraine, and will allow streamlined auditing processes on certificates in areas not affected by conflict. FSC remains determined to continue to support Ukrainian certificate holders as far as possible, and therefore will allow certification bodies – the independent auditors of FSC certificate holders – to continue their work in areas not affected by war, for example through remote audits and extending the time between audits to over a year, if required. At the same time, FSC must continue to protect the integrity of the FSC system. In the invaded regions of Ukraine, government legislation cannot be enforced, and it is not safe for the auditors to carry out their work. These factors dramatically increase the risks of forests not being managed according to FSC’s standards, and therefore FSC has no choice but to require the suspension of the relevant certificates. The suspension will be effective 30 days from today (4 May 2022).
Greif, Inc. announced that it has completed its previously announced divestiture of the Flexible Packaging joint venture, or “FPS” for a total cash consideration of $123 million, subject to certain conditions and post-closing adjustments, to Gulf Refined Packaging. “Completion of the FPS divestiture and the exit of the joint venture relationship is an important step in advancing our Build to Last Strategy,” said Ole Rosgaard, Greif’s President and Chief Executive Officer. “I would like to thank our FPS colleagues for their hard work over the last 11 years and wish them the very best in the future.” Proceeds from the sale of FPS will be used toward debt repayment. The impact from this sale has been factored into Greif’s recently announced increased earnings guidance for Fiscal 2022.
Worzalla, an employee-owned book printer specializing in printing high-quality children’s books, cookbooks, and hard-cover best sellers is inviting the community to discuss solutions to the child care shortage in Central Wisconsin. Worzalla, along with childcare company KinderCare, are inviting community members and employers to a one-hour virtual event on Tuesday, April 5 at 9:00 a.m. to discuss possible solutions. As an employer of more than 350 employees at their Stevens Point facility, Worzalla recognizes the current childcare challenge many community members are facing and the impact it has on the workforce. “With quality childcare in high demand and low supply, finding childcare can be a major stressor for employees and it can also be a barrier to employment,” said Brianne Petruzalek, Vice President of Human Resources at Worzalla. “In talking with parents regarding childcare, you will hear two primary concerns–wait lists are long and childcare is costly.”
GreenFirst Forest Products Inc. is pleased to announce plans to restart the second paper machine at its Kapuskasing Paper Mill. GreenFirst has received over $1.2 million from the Skills Development Fund of the Government of Ontario, Ministry of Labour, Training and Skills Development to support the recruiting, hiring, and training of more than 45 new employees. On August 28, 2021, GreenFirst acquired the Kapuskasing Paper Mill from Rayonier Advanced Materials, which was only operating one paper machine at the time. GreenFirst will begin to restart the second paper machine in May, thereby increasing direct employment to almost 300 jobs in Kapuskasing and surrounding areas, these positions welcome youth, women and Indigenous applicants. The restart will occur in multiple phases starting in May, with the goal of full production (7 days – 24 hours operation) by October 2022.
Just like brands, marketing evolves over the years. Fonts come in and out of style, headline treatments change, colorways in product and design evolve – but the best examples of both pay homage to where they came from, and aren’t afraid to return to it now and again. I recently stumbled across a catalog from 1986 that sent me down fast fashion memory lane, to revisit khaki-toned safari jackets and clothing stitched for adventure. Whether it’s in a mall, a stand-alone store, or online, the Banana Republic we know today looks a bit different than it did in the 1980’s, but the vestiges of the explorer style it started with still remain. Let’s revisit this catalog to see some surprising differences, unexpected similarities, and an illustration (quite literally) of how Banana Republic used to tell its story. We’ll examine the practical elements of their book and their brand, looking back at where they’ve been, and ahead, to what they can apply in the future. see much more at: https://www.jschmid.com/blog/catalog-critique-throwback-edition-banana-republic/
On March 31, 2022, public consultation opened on Draft 2 of the FSC US National Forest Stewardship Standard (Version 2). As a voluntary certification system, FSC relies on input from stakeholder to ensure our standards are practical and impactful for organizations that choose to seek certification. Engagement from diverse stakeholders is key to maintaining and improving FSC’s credibility - so thank you in advance for reviewing and commenting at www.engage.us.fsc.org. This public consultation includes Draft 2 materials for all elements of the standard: *Base indicators that will be applicable to most FSC certified forest management organizations *Family Forest Indicators for small and low intensively managed forests *Plantation Indicators for management units that include plantations, as defined by FSC *Federal Lands Supplementary Requirements for management units that are managed by Federal agencies
Sonoco announced it has acquired the remaining one-third interest in Sonoco do Brasil Participacoes, Ltda, a Brazil-based flexible packaging joint venture, from private investors. Sonoco acquired its two-third interest in the joint venture in 2015 from Graffo Paranaense de Embalagens S/A, a closely held flexible packaging operation located in Pinhais, near Curitiba, Brazil. The joint venture had sales of approximately $34 million in 2021 and is a top-tier flexible packaging supplier to several global multinational consumer packaging goods companies serving confectionery, dairy, pharmaceutical and industrial markets in Brazil. The joint venture operates high-quality rotogravure printing and sophisticated lamination operations and is one of the largest converters of foil-based flexible packaging in Brazil.
Smurfit Kappa Group plc announces that it has decided to exit the Russian market. The Group has already suspended support for its Russian operations including any imports and exports and any short or long term funding. This exit will be effected in an orderly manner, during which we will continue to pay our employees and fulfil our legal obligations. Our Russian business represents less than 1% of forecasted sales Smurfit Kappa stands in solidarity with the people of Ukraine and everyone impacted by the totally unjustified attack on Ukraine and its people. The Group is providing, and will continue to provide, substantial humanitarian support for the Ukrainian people. We are also assisting the families of SKG employees and contractors from Ukraine as well as providing products and services to support the relief effort together with financial assistance to a number of aid agencies. We have also partnered with the Red Cross to provide funding to support their vital work.
The A62 paper machine at our Ashdown Mill is once again fully operational thanks to excellent planning and foresight by our commercial paper team, along with outstanding dedication and agility from our manufacturing production team. The strategic initiative to restart the previously idled machine, as well as a sheeter to convert the rolls into cartons of copy paper, is helping us maintain our leadership position in the North American uncoated freesheet paper market and deliver the service and quality our customers expect.
Solenis, a leading global producer of specialty chemicals, is developing two new international centers of excellence for advancing sustainable solutions in the consumer paper packaging industry. The growing demand for environmentally sustainable packaging led by consumers, brands and regulators is creating unique opportunities for the paper packaging industry to deliver alternatives to single-use plastics. Solenis is at the forefront in developing PFAS-free barrier coatings to help replace plastics used in fast-food packaging, corrugated board, single-use cups and other food and beverage packaging elements. The company also provides other key products, such as strength additives for paper and board packaging.
National Average Price for Regular Unleaded Current: $4.215; Month Ago: $3.619; Year Ago: $2.876. National Average Price for Diesel Current: $5.109; Month Ago: $4.106; Year Ago: $3.092.
American Dollar to Canadian Dollar = 0.799739; American Dollar to Chinese Yuan = 0.157181; American Dollar to Euro = 1.105747; American Dollar to Japanese Yen = 0.008149; American Dollar to Mexican Peso = 0.050573.