A Casual Apparel Brand That’s Also an Attitude (jschmid.com)

It all started with the love of an island. After decades of running a successful diving business on St. John in the US Virgin Islands, the business owners could feel that there was just more that they could offer. They saw an opportunity to tap into the island lifestyle and offer more: leisure wear, swim, and diving gear, even home décor; to build a lifestyle around the island life. But with limited existing product, and no existing tangible brand beyond the diving business to speak of, where does one start? That’s where J.Schmid came in. We started with research to understand the unique connection that people have to the island; then we used that learning to craft a brand story, and bring it to life in words and pictures. Read the case study at: https://www.jschmid.com/blog/portfolio/low-key-branding-case-study/
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The New Recession Playbook: Rethinking What Hardworking Media Really Is (mediapost.com)

What’s that sound you hear? It’s marketers gritting their teeth as they’re being asked to give up their precious advertising dollars to help insulate their brands from the looming recession. Or you may have heard the marketers or agencies say “Let’s only focus on hardworking media,” which typically means lower-funnel, digital-only, highly targeted, easily measurable, promotional campaigns designed to boost short-term sales and eliminate “waste.” They’re all part of the marketer’s recession playbook. But should they be? In reality, we should all consider a different path forward: Now is an opportune timeto shore up brand awareness and loyalty by increasing media investments with brand-building, mass-reaching, highly creative advertising campaigns.
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July 2022 Printing-Writing Monthly Report: 2% Increase in Total Inventory Levels (af&pa.org)

According to the report, total printing-writing paper shipments decreased 1% in July compared to July 2021. U.S. purchases of total printing-writing papers increased 3% in July compared to the same month last year. Total printing-writing paper inventory levels increased 2% when compared to June 2022. • Uncoated free sheet (UFS) paper shipments decreased 1% compared to July 2021 while the inventory level increased 5% compared to June 2022. UFS imports increased 8% while exports decreased 25% in June 2022. • U.S. purchases of coated free sheet (CFS) papers in July increased 2% compared to last July while the inventory level decreased 1% compared to June 2022. CFS imports and exports both increased compared to June 2021, up 32% and 6% respectively. • Coated mechanical (CM) paper shipments decreased 18% compared to July 2021 while the inventory level increased 2% compared to June 2022. CM imports increased 48% while exports decreased 41% in June 2022. • U.S. purchases of uncoated mechanical (UM) papers in July increased 16% compared to last July while the inventory level decreased 13% compared to June 2022. UM imports increased 9% while exports decreased 10% in June 2022.
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Midland Exhibiting at PRINTING United Expo October 19-22, 2022

Midland invites you to PRINTING United Expo wtih a FREE Expo Pass Use our Code: 240851 and visit our Booth #N1510. Visit our booth to chat with Specialty Media product specialists and see Midland’s newest products. Discover what’s next for your organization – infinite opportunities await you! Digital Sheet Fed Media + Specialty Offset Substrates + Production Inkjet Paper + Wide Format Inkjet Media. Register Now at: https://www.compusystems.com/servlet/ar?evt_uid=480&InvitesVIP=240851
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One Clean Carton® with Water- and Agri-based Printing Tests Safe for Pharmaceutical and Food-Safe Secondary Packaging

One Clean Carton®, from Colbert Packaging Corporation, once again passed a series of laboratory tests to confirm its suitability for pharmaceutical and food-safe secondary packaging. New for 2022, Colbert submitted test samples of water-based, flexographic printed cartons as well as an agri-based, offset printed version. Both cartons samples included an agri-based offset printed insert glued inside. All components of One Clean Carton, including inks, coatings and adhesives, are tested to ensure they meet environmental and safety agency standards to be considered clean and safe for indirect food and drug contact. In order to state the Clean Carton claim, packaging samples underwent comprehensive analytical testing. “Pharma and Consumer product managers tasked with sourcing environmentally-friendly packaging have more reasons to choose One Clean Carton with confidence,” says Lon Johnson, vice president of sales and marketing. “In this round of testing, we elected to test both flexographic and offset printing on sustainably sourced paperboard, using water- and agri-based inks, and Clean Carton passed again.”
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USPS Service Performance Consistent Across All Mail Categories

FY2022 fourth quarter service performance scores covering July 1 through Aug. 12 included: *First-Class Mail: 93.0 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94.3 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 86.5 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter.
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AAP June 2022 StatShot Report: Publishing Industry Down 1.6% Year-To-Date and Down 0.2% for June

The Association of American Publishers (AAP) today released its StatShot report for June 2022 reflecting reported revenue for Trade (Consumer Books), Higher Education Course Materials, and Professional Publishing. The report does not include PreK-12 revenue due to delays in data collection but will be updated as soon as that data becomes available. Total revenues across all categories, excluding PreK-12, for June 2022 were down 0.2% as compared to June 2021, coming in at $895.0 million. Year-to-date revenues were down 1.6%, at $5.5 billion for the first six months of the year.
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ProAmpac’s Rocky Mount Facility Receives International Sustainability Carbon Certification

ProAmpac, a leader in flexible packaging and material science, announced their Rocky Mount, VA facility received the International Sustainability Carbon Certification Plus (ISCC Plus). This is a global sustainability certification system which supports the tracking of chemically recycled and bio-based polymers through the supply chain. “The ISCC Plus certification, coupled with our ProActive Sustainability product offering, underscores ProAmpac’s commitment to helping brand owners and retailers meet their sustainability goals,” states Chad Murdock, president of ProAmpac’s Film and Fiber Division.
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Holmen’s Interim Report January-June 2022

*Operating profit for January-June 2022 was SEK 3 984 million (January-June 2021: 1 747). Excluding the item affecting comparability of SEK +266 million, operating profit increased by SEK 1 972 million to SEK 3 719 million. This was due to price increases in every product area, while cost inflation was limited by our high level of wood and energy self-sufficiency. *Profit after tax for January-June amounted to SEK 3 125 million (1 373), which corresponds to earnings per share of SEK 19.3 (8.5). *A total of SEK 1 862 million of ordinary and extraordinary dividends was paid in April. Thanks to strong cash flow, net debt has decreased by roughly SEK 300 million since year-end.
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Clogged Ports Put Fall, Holiday Shipments in Doubt (wsj.com)

Port congestion continues to haunt global trade, spreading fresh fears among exporters andimporters over whether massive amounts of cargo will be delivered on time for the busy, year-end shopping season. Supply chains never fully recovered from the pandemic shock when goods transported by seawere delayed and shipping prices soared. Now freight rates are falling, but cargo is still delayed at choked European and American ports. “Ships are still a gamble not worth taking,” said Abbie Durkin, the owner of Palmer & Purchase, awomen’s clothing and accessories boutique with stores in New York. “We are fl ying in our entirewinter collection to make sure it arrives before Christmas.”
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Kohl’s Reports Second Quarter Fiscal 2022 Financial Results

“Second quarter results were impacted by a weakening macro environment, high inflation and dampened consumer spending, which especially pressured our middle-income customers. We have adjusted our plans, implementing actions to reduce inventory and lower expenses to account for a softer demand outlook. Kohl’s has navigated difficult periods in the past and I am confident in our ability to successfully manage through the current uncertainty. I want to thank our incredible associates around the country for their commitment to Kohl’s and for providing excellent service to our customers every day. We continue to execute on our transformation strategy and are pleased to deliver outsized performance in the nearly 600 stores which have been refreshed and elevated, featuring Sephora as a key cornerstone,” said Michelle Gass, Kohl’s chief executive officer. “While 2022 has turned out to be more challenging than initially expected, Kohl’s remains a financially strong company with significant long-term growth potential. Our $500 million accelerated share repurchase underscores our steadfast confidence in Kohl’s future and focus on creating shareholder value. We also remain firmly committed to our current dividend,” said Gass.
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Ennis, Inc. Acquires Assets of Gulf Business Forms

Ennis, Inc. announced its acquisition of certain assets including customer lists and intellectual property of Gulf Business Forms, in San Marcos, TX. Gulf Business Forms is a trade printer specializing in custom-printed documents including business forms, laser cut sheets, brochures, pamphlets, in-line glue booklets, and variable short-run solutions. Keith Walters, Chairman, President & CEO of the Company stated, “Gulf has been a strong competitor and leading brand throughout the country with customers spanning from California in the southwest to Massachusetts in the northeast. We are excited about adding the Gulf brand and their customers to the Ennis family.” Gulf Business Forms has been serving distributors from its operations in Texas for more than 50 years since its founding in 1968.
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July Posts Worst Ad Decline In Two Years, Big Categories Lead Contraction (mediapost.com)

The U.S. advertising marketplace contracted 12.7% in July versus the same month a year ago, marking its first double-digit rate of decline since July 2020, according to a MediaPost analysis of data from Standard Media Index's U.S. Ad Market Tracker. Compared with July 2020, which was the tail-end of the COVID-19 ad recession, the U.S. ad market was up 29.7%. Smaller ad categories continue to be sustaining ad spending better than the largest ones. While the top 10 ad categories declined 14% in year-over-year ad spending in July, all other categories contracted only 11%.
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Making Mail Even More Sustainable (twosides.info/UK)

A new guide from Royal Mail Marketreach explains the sustainable benefits of mail and how those benefits can be boosted by the right choice of materials and suppliers. For some time now, direct mail has been one of the most sustainable forms of marketing available to companies and organisations. The fact that the paper industry uses a large proportion of renewable energy to process paper sourced from carefully managed forests combined with Europe’s high paper recycling rate means that mail is a key part of the circular economy. But while most people in the paper industry are fully aware of its environmental credentials, others in the wider marketing sphere aren’t, so Royal Mail Marketreach and industry body the Strategic Mailing Partnership have teamed up to produce a handy guide to making mail campaigns more sustainable.
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Novolex Introduces Innovative Paper Shopping Bags for More Secure Transport and Deliveries

Duro®, a Novolex® brand, is introducing Load & Fold® Shopping Bags and Load & Seal® Shopping Bags, tamper-evident paper bags that offer more secure transport and deliveries for restaurants and retailers. The bags feature a wide opening for easy loading, a flat bottom to keep items secure and sturdy paper twist handles for easy and reliable carrying. The Load & Fold bags offer an upscale folded top security option using a customer-supplied branded label or other adhesive to seal the bag; the Load & Seal bags offer a built-in tamper-evident adhesive strip to securely seal the bag.
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Amcor reports strong fiscal 2022 financial results

Amcor CEO Ron Delia said: “Fiscal 2022 was another outstanding year for Amcor. Our financial performance accelerated throughout the year as we delivered our strongest quarter in June with organic sales growth of 6% and adjusted EBIT growth of 9%. For the full year, strong execution resulted in 11% adjusted EPS growth, at the top end of our guidance range and supported by organic sales growth of 4%. We generated over $1 billion in adjusted free cash flow, supporting $600 million in share repurchases and an increase in what we believe is a very compelling dividend." “This is our third consecutive year of accelerating top line growth, and we expect to sustain this momentum including by stepping up investments in areas such as higher value-add priority segments. This gives us confidence the business will deliver another year of strong underlying EPS growth in the range of 7% to 12%. We also plan to continue returning capital to shareholders while actively exploring opportunities for value-creating acquisitions across our portfolio."
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Walki Group to acquire Finnish packing producers Westpak and Flexipack

Walki Group has signed a definitive agreement to acquire 100% of the shares in Westpak Oy Ab and Flexipack Oy Ab. Since years, these two companies form an integrated value chain, providing high quality flexible packaging solutions to leading Nordic food brands. In 2021 Flexipack and Westpak generated combined sales of about Euro 40 million. Together they are employing some 100 employees. Westpak is based in Säkylä, Finland, whilst Flexipack production facility is located in Vaasa, Finland. “With this acquisition we continue to implement our strategy to expand our offering of more sustainable packaging alternatives by leveraging on our strong material science know-how. Flexipack and Westpak have a very complementary offering of high-quality printed products and a proven commitment to a dedicated customer service” says Leif Frilund, President and CEO of Walki Group.
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Latest Survey Sheds Light on Supply Chain Crisis for Substrates, Consumables (piworld.com)

To get the facts on the supply chain crisis, PRINTING United Alliance recently launched the Printing Industry Supply Chain Conditions Survey. Nearly 200 companies, including commercial printers, graphic and sign producers, apparel decorators, functional printers, and package printers/converters, have participated to date. Our survey confirms that the crisis is getting worse. For every substrate covered, reports that availability has decreased over the past 60 days far exceed reports of the opposite, with the highest percentages reporting declines in the availability of coated paper (84.8%), uncoated paper (79.2%), vinyl (62.6%), and plastics other than vinyl (55.7%). Moreover, majorities ranging from 96.7% for coated paper to 74.4% for textiles/fabrics and newsprint report prices continue to rise (see Figure 1). details at: https://www.piworld.com/article/survey-sheds-light-supply-chain-crisis-substrates-consumables/
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Renewable source, high performance: why brands should switch to bio-based plastics

A great deal is required of today's packaging materials. Brands are expected to be on top of things, choosing packaging with many factors – safety, recyclability, functionality, and product appeal – in mind. Furthermore, choosing the right packaging can be an important aspect of a brand's marketing strategy. So, what’s in it for brands and the packaging industry if they decided to switch bio-based plastics like PEF? Sustainability is one of the most cited factors in defence of changing to bioplastics. The good new is, it is not the only one. In this article, we take a look at four major advantages of switching PEF – and look at different aspects for packaging companies and brand owners. 1. A fossil-free alternative - As we all probably know by now, the use of plastic is associated with many problems, like the release of fossil carbon dioxide into the atmosphere at its end-of-life. In addition, one of the largest bulk plastics worldwide, traditional polyethylene terephthalate (PET), contains fossil-based terephthalic acid (PTA). Switching to its bio-based alternative polyethylene furandicarboxylate (PEF), which uses furandicarboxylic acid (FDCA) instead of PTA, could bring about significant reductions in greenhouse gas emissions worldwide.
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UPM and Dongsung Chemical announce strategic partnership to develop renewable products using bio-based raw materials

UPM and Dongsung Chemical announce a development partnership that will accelerate the introduction of renewable, sustainable forest-sourced materials into the Asian market and reduce fossil resource consumption. Dongsung Chemical, headquartered in South Korea and UPM Biochemicals, headquartered in Germany have agreed to form a strategic partnership to develop renewable products using bio-based raw materials, initially for footwear materials. Dongsung Chemical has signed a Letter of Intent for this strategic partnership to develop a renewable polyurethane product based on UPM Biochemicals’ biobased mono-ethylene glycols (MEG), UPM BioPura™. UPM is investing 750 million Euros to build the world’s first industry scale biorefinery at Leuna in Saxony-Anhalt, Germany, to convert sustainably sourced, certified woody biomass into next generation biochemicals. The facility aims to produce 220,000 tonnes annually in total. Bio-MEG is one of the outputs. UPM targets the start-up for end 2023.
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UPM receives all-time high EcoVadis score thanks to its renewed social responsibility agenda

EcoVadis has recognised UPM on a Platinum level based on the company’s sustainability performance in the following four categories: Environment, Labour and human rights, Ethics and Sustainable procurement. Only one per cent of the 90,000 global companies assessed received the Platinum score. Compared to previous years’ assessments, UPM received its all-time high score of 87/100. “The main improvement steps were taken in the Labour and human rights category. We have introduced several new social responsibility targets for 2030, focusing strongly on diversity and inclusion and fair rewarding. We have also developed our human rights due diligence processes and reporting,” says Sami Lundgren, VP, Responsibility at UPM. “The EcoVadis sustainability rating helps our customers assess the responsibility of their suppliers. UPM’s renewed Platinum rating recognises the work we have done to promote sustainability in the whole value chain.”
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Sole Source Capital Portfolio Company Dallas Plastics Acquires Emballage MPP

Sole Source Capital LLC, an industrial-focused private equity firm, announced that its portfolio company, Dallas Plastics, a leading manufacturer of blown polyethylene film with printing, embossing, and other value-added capabilities for the medical, food, and industrial end markets, has acquired Emballage MPP, Inc. (“MPP”). Terms of the transaction were not disclosed. Headquartered in Montreal, Quebec, MPP manufactures a diversified range of polyethylene-based blown film products, selling primarily to defensive end markets including medical, food packaging, and logistics. MPP’s location gives Dallas Plastics a foothold in Canada, significantly expanding the company’s addressable geographic market. The increased scale and geography enhances Dallas Plastics’ customer base and strengthens its leadership position in the production and distribution of high-performance specialty films used in flexible packaging.
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RRD Releases Five Trends Advancing Financial Services in 2022

R.R. Donnelley & Sons Company unveiled five trends expected to shape financial services institutions for the second half of the year. RRD is the leading trusted advisor to securely deliver communication and transactional documents for the financial services industry, giving the company unique insight into the challenges and opportunities. RRD has identified five trends leading the transformation of the financial services industry, including: Trend #1: Growing Consumer Demand for Mobile, Self-Service Transactions Drives Tech Investment - The pandemic increased the appeal of self-service offerings, with customers expecting a minimal touch, mobile-based solution to meet their financial needs. Trend #2: Attracting Customers in a Competitive Banking Space Means Meeting Them Where They Are - A crowded banking industry creates tough competition for attracting and retaining customers, therefore knowing your customer and their channel preference is critical to reaching them successfully.
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Monadnock Paper Mills Earns Gold Status in Ecovadis Corporate Social Responsibility Ratings

Monadnock Paper Mills, Inc., the oldest continuously operating paper mill in the United States, is pleased to announce that it has earned a gold rating in the EcoVadis Corporate Social Responsibility (CSR) assessment. This achievement places the company in the top eight percent of the 90,000 companies ranked by EcoVadis. The company has achieved a 30% increase in its performance level since earning a silver rating in its assessment in 2015. Monadnock is FSC® (Forest Stewardship Council®) certified (FSC C018866) ensuring that the fiber it sources comes from responsibly managed forests and recycling facilities that meet the highest environmental and social standards. Its products are manufactured carbon neutral, and they use 100% renewable Green-e certified wind-powered electricity, all under a third-party certified ISO 14001 Environmental Management System.
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ANDRITZ to supply complete pulp mill to Paracel

International technology group ANDRITZ and Paracel S.A., Paraguay, have signed a contract under which ANDRITZ is to supply all process equipment and energy-efficient and environmentally friendly pulp production equipment for Paracel’s 1.8 million ton/year pulp mill to be built in Concepción, Paraguay. ANDRITZ will supply all equipment on an EPC basis. The order value for ANDRITZ will be more than 1.5 billon US dollars. The contract is expected to be booked during 2023.
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Book Manufacturers’ Institute Releases Industry Barometer Survey Results for August

The Book Manufacturers’ Institute (BMI) released the August results for its monthly survey on capacity and lead times for soft cover and hard cover books. As demand has skyrocketed and supply chain woes continue to hamper all segments of manufacturing, BMI put together the survey to get a better idea of what manufacturers were facing and what publishers should expect. This month showed capacity and lead times all going up a bit. According to responses regarding hard cover books, the average manufacturer was running at 90% of their capacity, up from July’s 84%. The average lead time for completed hard cover books went up from 74 to 85 days. For soft cover books, capacity usage went up slightly to 92% and the average lead time went up from 56 days to 62 days, based on 16 responses.
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Public consultation: Estonian forest certification system

Stakeholders from around the world are invited to give feedback on the revised Estonian Forest Certification System. Deadline for comments is 13 October. Give your feedback. The Estonian Forest Certification Council revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. The Estonian system was submitted to PEFC after being revised in line with PEFC requirements. The national system is now undergoing the PEFC assessment process, carried out by an independent PEFC Registered Assessor. It must pass this assessment to maintain its PEFC endorsement.
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The groundwood line in Rottneros Mill to be closed down, CTMP production planned to increase significantly.

Following an extensive and long-term strategic analysis, Rottneros' Board of Directors has decided to discontinue the production of groundwood pulp in Rottneros Mill as there are no prospects for long-term sustainable profitability. The decision means that about 40 people will be made redundant. The cost of the closure is expected to amount to approximately 60 MSEK. Production is expected to cease at the end of 2022, following the conclusion of trade union negotiations which are now beginning. The Group plans to invest 160 - 200 MSEK to significantly increase capacity and production in the mill's CTMP line. In 2021, the Group's production of groundwood pulp amounted to 64 000 tons, corresponding to 16 percent of Rottneros' total production of 395 300 tons. During the same year, the groundwood line's share of the Group's net sales amounted to just over 10 percent, while the contribution, including electricity hedges, to the Group's net profit was marginal. The costs for the closure, approximately 60 MSEK, consist mainly of redundancy costs and will be charged in the Group's earnings for the third quarter. Only a minor part is write-downs of fixed assets.
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Mondi to acquire Duino mill

Mondi plc has agreed to acquire the Duino mill near Trieste (Italy) from the Burgo Group for a total consideration of €40 million. The mill currently operates one paper machine producing lightweight coated mechanical paper. Mondi plans to convert this paper machine to produce around 420,000 tonnes per annum of high-quality recycled containerboard for an estimated investment of around €200 million. Close to two important export harbours, Duino is ideally located to supply the Group’s Corrugated Solutions plants in Central Europe and Turkey as well as to serve the growing local Italian market. The containerboard machine will strengthen backward integration in Corrugated Packaging and provide us with security of supply to better serve our customers.
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Don’t Miss the Keynote at the Fall NEMOA Summit

Join J.Schmid President & CCO Brent Niemuth at the Fall NEMOA Summit in Boston Harbor, MA where he'll deliver a keynote session on Messaging That Matters: Creating Powerful Content Across Channels. But that's not all! In addition to the Keynote Address, Brent will lead a hands-on workshop with Cindy Marshall, Founder & CEO of SHINE Strategy and Jason Baer, VP Sales & Marketing of Vermont Teddy Bear. This interactive session will explore the latest trends in Print Marketing. It's perfect for marketers who want to do a deep-dive into Strategic Planning, Merchandising, Creative & Messaging, Formats, and Circulation. Space is limited so register now! If you're not already familiar with NEMOA, here's what you need to know: • It's the only summit for true omnichannel marketers, helping brands harness the power of print in the marketing mix. • The thought-provoking discussions and enriching sessions are 100% guaranteed to drive actionable insights. • And one more thing...we can offer you a 15% discount with code BRD15! That's right, it's a perk we get as a board member. So if you're interested in going, register now at: https://nemoaevent.org/?utm_source=marketo&utm_medium=NEMOA&utm_campaign=website
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Brand Voice: It’s More Than a Tagline

Over the last few years, the concept of ‘brand voice’ has been construed to mean how your favorite potato chip company feels about the latest socio-political development. There are two main problems with this perspective. First, consumers are smarter than that. They recognize the inherently self-serving nature of that kind of commentary. Secondly, it narrows the scope of what brand voice actually means. Brand voice isn’t just about the copy on your website or in your emails, and it surely isn’t just a tagline – it is all forms of communication between your brand and consumers. From the literal copy to your packaging, voice is a manifestation of a brands mission, vision, values and story. It is something literal, yet ethereal, it should survive CMO changes, product alterations, and re-branding exercises. This isn’t to say it should stay the exact same, over the years it should evolve and grow but always remain a recognizable, human part of your brand and how you communicate. Let’s take a look at how three different brands are using their unique and authentic voices across a variety of mediums and touch points at: https://www.jschmid.com/blog/brand-voice-its-more-than-a-tagline/
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USPS Average Mail Delivery Time Consistent at 2.5 Days

FY2022 fourth quarter service performance scores covering July 1 through August 5 included: *First-Class Mail: 93.1 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94.2 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 86.3 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter.
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Sun Chemical Returns to Labelexpo Americas 2022

Using the theme “Power of Labels,” Sun Chemical will showcase and present its complete portfolio of solutions for the packaging and narrow web, tag and label markets to converters across North and South America during Labelexpo Americas 2022 from September 13-15 in Rosemont, Ill. “Our commitment to sustainability continues to be a fundamental part of our innovation and product development at Sun Chemical,” said Dennis Sweet, Vice President NWTL, Commercial, Rycoline and Distributors. “We’re excited to be back at Labelexpo Americas 2022 to highlight our sustainable product offerings and provide an opportunity to reconnect with the narrow web industry.” Using its ‘5Rs’ framework (Reuse, Reduce, Renew, Recycle and Redesign) as a guide, Sun Chemical invests significantly in R&D to improve the eco-efficiency and sustainability of the packaging that utilizes its inks, coatings and adhesives to support a circular economy.
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GreenFirst Reports Strong Results for the Second Quarter of 2022

Second Quarter of 2022 Highlights *Second quarter 2022 (“Q2 2022”) net earnings were $29.5 million or $0.15 per share (diluted), compared to $34.0 million or $ 0.18 per share in the first quarter of 2022 (“Q1 2022”). This was the Company’s third full quarter operating its acquired forest-products assets. *Lumber pricing remained strong in Q2 2022, with an average selling price of $1,255/mfbm compared to $1,325/mfbm in Q1 2022. Rising interest rates and inflation headwinds, coupled with macro supply tightening and the risk of disruptions to lumber supply underlies our expectation of continued volatility in lumber prices. *The Company made a voluntary repayment of US$8.9 million on its outstanding term debt during the second quarter of 2022. *Asset-backed revolving loan facility of $65.0 million was undrawn at quarter end and has remained undrawn at August 10, 2022. Strong operating cash flow continues to fund working capital needs. Cash and equivalents ended Q2 2022 with a balance of $74.2 million.
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Kohler Paper Keeps Its Machines Up To Date

Koehler Paper in Oberkirch is taking advantage of the summer period to carry out necessary work on its three paper machines, its power plant, and its infrastructure. In addition to maintenance tasks, it is also planning a number of improvements so that when the machines are started up again in mid-August it will be able to continue producing premium paper for the international market. "It is not possible to carry out major works on these complex machines during production. As these machines normally run in continuous operation, these types of stoppages are necessary to ensure that our technology is always up to date,” says Hartmut Felsch, Mill Director at the Koehler Paper site in Oberkirch.
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Proposed disposal of Mondi Syktyvkar

Mondi plc announces that it has entered into an agreement to sell its most significant facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Augment Investments Limited for a consideration of RUB 95 billion, payable in cash on completion. The proposed Disposal follows Mondi’s announcement on 4 May 2022 that, having assessed all options for the Group’s interests in Russia, it had decided to divest its Russian assets. Accordingly, Mondi launched a competitive auction process to find a suitable new owner for Syktyvkar. Syktyvkar is a wholly owned integrated pulp, packaging paper and uncoated fine paper mill located in Syktyvkar (Komi Republic). The Business employs approximately 4,500 people and it is a leading provider of uncoated fine paper and containerboard to the domestic Russian market.
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Sylvamo Second Quarter Results Show Increased Earnings and Operating Margins

"We saw increasing earnings and operating margins in the second quarter after a successful first quarter. We are also raising our adjusted EBITDA and free cash flow full-year guidance based on our first half of the year performance and our second half outlook," said Jean-Michel Ribiéras. "We remain committed to reducing debt, investing in high-return projects and returning cash to shareowners as we continue delivering on our investment thesis." Second Quarter Highlights *Net income from continuing operations of $84 million ($1.89 per diluted share) compared with $55 million ($1.25 per diluted share) in the first quarter of 2022 *Repaid $48 million of debt, achieving a gross debt-to-adjusted EBITDA ratio of 2.2x. Second Quarter Commercial and Operational Highlights *Price and mix improved by $73 million versus the prior quarter, mainly due to prior price increases implemented in all regions *Operations improved by $2 million and total planned maintenance outage expenses rose by $17 million in North America *Input costs grew by $16 million versus the prior quarter, reflecting higher chemical, energy, fiber and transportation costs.
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U.S. Postal Service Announces Proposed Temporary Rate Adjustments for 2022 Peak Holiday Season

The planned peak-season pricing, which was approved by the Governors of the Postal Service on Aug. 9, would affect prices on the following commercial and retail domestic competitive parcels: Priority Mail Express (PME), Priority Mail (PM), First-Class Package Service (FCPS), Parcel Select and USPS Retail Ground. International products would be unaffected. Pending favorable review by the PRC, the temporary rates would go into effect at 12 a.m. Central on Oct. 2, and remain in place until 12 a.m. Central Jan. 22, 2023. This seasonal adjustment will bring prices for the Postal Service’s commercial and retail customers in line with competitive practices. details at: https://about.usps.com/newsroom/national-releases/2022/0810-usps-announces-proposed-temporary-rate-adjustments.htm
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Esko announces acquisition of Canadian-based Tilia Labs

Esko, the global developer of integrated hardware and software solutions for the print, packaging, and label industries, has acquired imposition A.I. software company Tilia Labs, in a deal that delivers on the need of brand owners and converters to connect and integrate the entire value chain through upstream digitalization. Tilia Labs’ range of intelligent algorithms for sheet layout, estimation, and planning complement Esko’s existing software suite and the two companies will work together to develop next generation integrated solutions.
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MM Group Results for the first half of 2022

The consolidated sales of the group increased by EUR 928.9 million to EUR 2,218.5 million (H1 2021: EUR 1,289.6 million). This increase resulted primarily from the acquisitions of the previous year and from passing on cost increases through higher prices. At EUR 285.0 million, the operating result was EUR 192.9 million higher than in the previous year (H1 2021: EUR 92.1 million). The significant increase results in particular from the MM Board & Paper division. In the previous year, one-time expenses from adjustment and restructuring measures amounting to EUR 26.1 million were recorded in the packaging division. The Group's operating margin thus reached 12.8% (H1 2021: 7.1%). The profit for the period increased by EUR 143.6 million to EUR 205.8 million (H1 2021: EUR 62.2 million).
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KP Tissue Releases Second Quarter 2022 Financial Results

KPLP Q2 2022 Business and Financial Highlights • Revenue was $397.5 million in Q2 2022 compared to $339.3 million in Q2 2021, an increase of $58.2 million or 17.1%. • Net loss was $35.5 million in Q2 2022 compared to net income of $2.2 million in Q2 2021, a decrease of $37.7 million. “We delivered another strong quarter of double-digit revenue growth in Q2 2022, but the depth, breadth and speed of inflation severely impacted our operating results and lowered profitability,” stated KP Tissue’s Chief Executive Officer, Dino Bianco. “We expect a partial recovery in the third quarter as successive pricing increases begin catching up with the inflationary curve, productivity gains are felt at our Memphis operations, and extensive cost management initiatives take effect. By the end of the fourth quarter, we anticipate a full recovery based on peaked pulp prices and reduced freight rates along with additional pricing adjustments. Consequently, we are highly confident about returning to a normalized margin in the near term.”
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Drytac expands Polar range with two new easy to apply solutions in North America

Polar® Transit Air - With excellent opaque characteristics, the 3.2 mil (80μ) premium, matte white polymeric self-adhesive PVC Polar® Transit Air is suitable for smooth, flat or simple curve surfaces such as sports arena boards, commercial vehicles and indoor and outdoor display signage. As well as incorporating Drytac’s bubble-free technology for an easy install, it has a removable pressure-sensitive adhesive that allows for field installation in cold weather without the need for wet application techniques. Polar® Smooth 150 Air - This 6-mil (150μ), self-adhesive white polymeric printable matte PVC film with removable bubble-free air egress adhesive technology is designed for graphics that need to be easily installed and removed without the need for lamination. It is suitable for numerous applications such as temporary construction hoardings, point of sale applications, interior décor applications – including the installation of graphics onto windows, walls, melamine and glass – as well as most other flat or simple curve surfaces. Dimensionally stable, Polar® Smooth 150 Air is phthalate-free, can be applied without stretching or tearing, and is cleanly removable. It is coated with a pressure-sensitive, removable aqueous acrylic adhesive protected by a 90# PE coated kraft bubble free release paper.
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Darwill Transforms to White Paper Inkjet Production to Enhance Speet to Market for Datat-Driven Direct Mail

Darwill, Inc. is a national, integrated marketing company that offers proven direct marketing solutions for companies of all sizes. Founded in 1951, it is a family-run business with a commitment to deliver the highest quality solutions that drive ROI for its customers. Today, Darwill circulates over 500 million pieces of direct mail per year, executing every aspect of a direct mail campaign for companies in nearly every industry. Several years ago, Darwill decided to transform from its roots as a sheet-fed commercial offset printer to using white paper continuous feed inkjet production. Driving this move was the fact that customers were beginning to ask for more sophisticated, personalized direct marketing applications. “We saw that we couldn’t compete efficiently when it came to certain types of direct marketing applications because of the equipment configuration that goes with being a sheet-fed operation. We first looked at possibly getting a web press for these applications and then we decided to go straight to continuous high-speed inkjet because it was the cutting-edge technology and offered what our customers were requesting.” Mark DeBoer – Senior Vice President, Darwill
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Kohl’s Announces Expansion of Self-Pickup to All Stores Nationwide

Kohl’s is making holiday shopping even easier and more efficient this year. New for the 2022 season, Kohl’s Self-Pickup service is now available on eligible Kohls.com orders at all of Kohl’s more than 1,100 stores nationwide, furthering the strength of the Company’s omnichannel foundation. As a part of Kohl’s commitment to an industry-leading shopping experience, the new Self-Pickup service creates a hassle-free In-Store Pickup alternative for a faster pickup, and no lines in sight. With 80% of Americans living within 15 miles of a Kohl’s store, millions of shoppers can now take advantage of this convenience on eligible In-Store Pickup orders. Ready within two hours, shoppers who select “In-Store Pickup” for their online order will receive a “Ready for Pickup” email that will specify if the order will be found in the designated Self-Pickup area. Customers will then be directed to the area within the store for a quick email-guided pickup process. More details at: https://investors.kohls.com/news-releases/news-details/2022/Kohls-Announces-Expansion-of-Self-Pickup-to-All-Stores-Nationwide---Just-in-Time-for-Holiday-Shopping/default.aspx
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Mativ Announces Second Quarter 2022 Results

Mativ Second Quarter 2022 Highlights (reflects legacy SWM results) •Sales increased 13% to $426.4 million; organic sales growth of 11% with strong demand and pricing actions across the business driving top-line gains and offsetting cost increases •GAAP EPS of $0.36, up from $0.06; Adjusted EPS of $0.86, down 4%; Adjusted EBITDA up 1% year-over-year and up 5% sequentially. Neenah Second Quarter 2022 Highlights (not included in Mativ results) •Net sales increased 14% to $306.8 million; organic sales growth was 17%, driven by release liners, water filtration, and industrials and broad strength across the paper and packaging portfolio •GAAP operating income was $17.0 million; Adjusted EBITDA increased 14% to $36.2 million; price increases more than offset higher input costs
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Quantum Group Significantly Expands Capabilities with the Purchase of a Landa S10P Nanographic Printing® Press (whattheythink.com)

Quantum Group, a trusted expert in direct marketing and business communications services has made a major investment in marketing on demand with the purchase of a Landa S10P Nanographic Printing Press. The press, which complements Quantum’s extensive line of digital and offset equipment, will be installed by the end of the year and will enable Quantum to meet increased customer demand. The company, supporting customers in industries such as pharmaceuticals, healthcare, retail, insurance, and more, is seeing a 5-fold growth in personalized mailings since 2018. Along with the equipment investment, Quantum increased its manufacturing footprint by 50% to support this exponential growth. “We are excited to add the Landa S10P to our production fleet,” said Cheryl Kahanec, Quantum Group’s, Chief Executive Officer. “Our customers will be able to more effectively and efficiently communicate to their audiences. With the format size, substrate range, speed and quality, the Landa will expand our current offset and digital platform to ensure successful execution of timely and targeted projects. We look forward to empowering our clients with efficiency, flexibility and quality all while offering increased personalization and decreased speed to market.”
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U.S. Postal Service Reports Third Quarter Fiscal Year 2022 Results

The Postal Service had adjusted loss of $459 million for the quarter, compared to an adjusted loss of $41 million for the same quarter last year. Adjusted loss excludes the impact of the PSRA, retiree health benefits expense, non-cash workers' compensation adjustments for the impacts of actuarial revaluation and discount rate changes, which are outside of management's control, and amortization expenses for the Civil Service Retirement System (CSRS) and the Federal Employee Retirement System (FERS) unfunded liabilities. On a U.S. generally accepted accounting principles (GAAP) basis, the Postal Service had net income of $59.7 billion for the quarter, compared to net loss of $3.0 billion for the same quarter last year, due almost exclusively to the non-cash impact of the PSRA. Marketing Mail revenue increased $324 million, or 9.4 percent, compared to the same quarter last year, on volume growth of 545 million pieces, or 3.5 percent. First-Class Mail revenue was essentially flat, compared to the same quarter last year, despite a volume decline of 620 million pieces, or 5.1 percent. Shipping and Packages revenue decreased $85 million, or 1.1 percent, compared to the same quarter last year, on a volume decline of 92 million pieces, or 5.0 percent, compared to the same quarter last year.
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IAC Announces Q2 2022 Earnings

Q2 2022 HIGHLIGHTS * Dotdash Meredith revenue increased 568% year-over-year to $490 million, benefitting from the Meredith acquisition. o Digital revenue was $235 million and Print revenue was $260 million. o Operating loss of $28 million and Adjusted EBITDA of $39 million in Q2 2022. * Angi Inc. revenue increased 23% year-over-year to $516 million, the 7th consecutive quarter of double-digit growth and highest quarterly growth since 2018. o Angi Ads and Leads revenue increased 5% year-over-year, the first quarter of growth since Q2 2021. o Angi Services revenue was $151 million o Monetized Transactions were 4.7 million and Transacting Service Professionals were 220,000. o Operating loss improved to $21 million (compared to a loss of $33 million in Q2 2021) and Adjusted EBITDA improved to a profit of $10 million (compared to a loss of $4 million in Q2 2021).
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WestRock Partners With Budějovický Budvar and Mattoni 1873 to Advance Circularity Efforts in Czech Republic Beverage Industry

WestRock Company has delivered its flexible and efficient Cluster-Pak® EvoTech™ packaging solution for a joint partnership between Budějovický Budvar and Mattoni 1873 to advance their shared commitment to improving circularity in the Czech Republic. The solution has been deployed to package BIRGO, a non-alcoholic beer featuring unique flavor profiles developed by Mattoni in partnership with Budějovický Budvar, the Czech Republic’s largest international exporter of craft beer and the exclusive producer of BIRGO. Cluster-Pak EvoTech features easy, repeatable changeovers along with an optimized use of water, heat and electricity to improve both energy and operating efficiencies on high-speed lines. Its use of recyclable fiber-based packaging made from materials sourced from responsibly managed forests is key to establishing circularity on the BIRGO production line.
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Keeping the Centuries-Old Tradition of Venetian Bookbinding Alive (atlasobscura.com)

The first thing one notices upon approaching Paolo Olbi’s bookstore from Ca’ Foscari bridge in Venice is the intricate patterns and vibrant colors. His carefully displayed selection of handmade books, notebooks, and stationery look like an old postcard. Olbi himself, an impeccably dressed and groomed 78-year-old native Venetian, is as much a caretaker as an artisan. “I started learning handmade bookmaking at 18,” he says. “And 60 years later I am still loving it.” The books for sale at Olbi’s store are traditionally hand-bound, using techniques that can only be learned through apprenticeships with masters of the form. When he started in this trade, there were around 20 traditional bookbinding shops in Venice. Today, he is one of just three.
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How Paper Catalogs Remain Relevant in a Digital Age (hbr.org)

The costs of digital advertising are skyrocketing. By some metrics, prices on major platforms such as Meta, Google, and TikTok grew by anywhere from 61–184% year-over-year in 2021. At the same time, returns are plummeting; recent changes in privacy policies, such as those by Apple, have made it more difficult to target ads to consumers, who are increasingly likely to tune out the advertising that they see anyways. All of these trends are making digital advertising increasingly unprofitable and ineffective, forcing companies to rethink their marketing strategy and spending. Increasingly, companies that are rethinking their strategies are turning to an analog method: physical paper catalogs. And it’s not just traditional retailers that are increasing their catalog investments either. Even online disrupters such as Amazon, Bonobos, and Wayfair have entered the catalog game. But does this mean that every retailer should consider a direct mail strategy? If not, when does it work best?
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Midland Leadership in Inkjet Papers Continues at thINK 2022 (whattheythink.com)

For the eighth consecutive year, Midland recently participated as a Sponsor of the thINK 2022 Inkjet Printing Conference. This exclusive industry event took place in Boca Raton, FL and is one of the largest invitation-only summits designed for printing executives who want to understand how Canon Solutions America’s production inkjet printing technology, software and solutions can help them grow their business now and in the future. At thINK 2022, Midland’s booth exhibit saw a steady stream of leading printers from across the country asking for Midland’s guidance on how they can navigate the turbulent waters of a market fraught with supply chain and paper mill allocation challenges. Discussions were centered on “positioning for the future supply chain” for various paper categories including coated, uncoated, inkjet treated, inkjet coated, specialty inkjet media and more. “We are honored and excited to once again participate as a founding partner of this incredibly important independent user group and industry event. Our goal at Midland is to help Canon customers across the country address their most challenging inkjet media needs with new products and solid solutions”, said David Field, Midland’s General Manager, Specialty Paper & Film Division.
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Congress wants the FTC to create a bureau dedicated to privacy. And that’s a big deal (marketingbrew.com)

Yes, the rumors are true—the United States might actually get a federal privacy law. Introduced in June, the American Data Privacy Protection Act (ADPPA) actually has bipartisan support, though there are a few kinks to work out. But one section of the bill, which is now eligible for a floor vote in the House, could fundamentally change how consumer privacy is protected and enforced in the US: the proposed creation of a Bureau of Privacy, which would be a part of the Federal Trade Commission, broadening the scope and definition of how the regulator could enforce the law. “It would dramatically elevate the profile of privacy in this country and the agency internationally,” Daniel Kaufman, a partner at BakerHostetler who previously held several roles at the FTC’s Bureau of Consumer Protection, said during a LinkedIn Live hosted by the International Association of Privacy Professionals (IAPP). “It’s almost limitless in terms of what the FTC can do.”
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News Corp Reports Fourth Quarter and Full Year Results for Fiscal 2022

Fiscal 2022 Full Year and Fourth Quarter Key Financial: *Fiscal 2022 full year revenues and net income were records at $10.39 billion and $760 million, respectively. Revenues grew 11% compared to $9.36 billion in the prior year and net income increased 95% compared to $389 million in the prior year *Full year Total Segment EBITDA was $1.67 billion, also a record and a 31% increase compared to $1.27 billion in the prior year. Reported EPS were $1.05 for the full year compared to $0.56 in the prior year *Fourth quarter revenues were $2.67 billion, a 7% increase compared to $2.49 billion in the prior year, while net income was $127 million, a substantial improvement from a net loss of $(15) million in the prior year *Fourth quarter Total Segment EBITDA was $315 million, a 50% increase compared to $210 million in the prior year. Reported EPS were $0.19 for the fourth quarter compared to $(0.02) in the prior year – Adjusted EPS were $0.37 compared to $0.16 in the prior year *Digital Real Estate Services revenues for the fiscal year grew 25% despite facing tough prior year comparisons, with 37% and 11% revenue growth at REA Group and Move, respectively *Book Publishing revenues grew 10% in the fiscal year, driven by the acquisition of the HMH Books and Media segment and continued strong consumer spending, which remains above pre-pandemic levels
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Public consultation: UK forest certification system

Stakeholders from around the world are invited to give feedback on the revised PEFC UK Certification Scheme for Sustainable Forest Management and Trees Outside Forests. Deadline for comments is 6 October. Give your feedback. PEFC UK revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. The revised system is among the first submitted to PEFC for endorsement to include a Trees Outside Forests (TOF) standard. TOF certification was one of the innovative developments of the 2018 PEFC Sustainable Forest Management standard.
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Tredegar Reports Second Quarter 2022 Results

Second Quarter Financial Results Highlights: *Earnings before interest, taxes, depreciation and amortization ("EBITDA") from ongoing operations for Aluminum Extrusions of $21.9 million was $2.2 million higher than the second quarter of 2021 *EBITDA from ongoing operations for PE Films of $7.1 million was $1.9 million lower than the second quarter of 2021 *EBITDA from ongoing operations for Flexible Packaging Films of $7.6 million was $0.6 million lower than the second quarter of 2021
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Cascades reports temporary delays to Bear Island mill construction (recyclingtoday.com)

In its second quarter financial report, Kingsey Falls, Quebec-based packaging producer Cascades Inc. has announced its Bear Island conversion project in Ashland, Virginia, has been impacted by the "current inflationary environment." The company says higher cost levels combined with labor and material availability constraints have led to temporary delays in certain construction milestones and have increased the total cost of the project near $470 million to $485 million. The conversion originally was projected to cost approximately $380 million when the project first was announced in October 2020. "Our team is working closely with contractors to mitigate any potential delay caused by these elements in order to meet the targeted mid-December 2022 start date," Cascades President and CEO Mario Plourde says.
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Where Are Mass Market Paperbacks Headed? (Publishersweekly.com)

No matter which way you look at it, sales of mass market paperbacks have been in steady decline since 2017. NPD BookScan data shows that unit sales fell 31.5% in 2021 compared to 2017, while the Association of American Publishers put the decline in dollar sales at a more disturbing 42.7% in 2020. Both data sets show more declines occurring in 2022. To be sure, the mass market paperback format has experienced ups and downs in the past. The last time PW wrote about the prospects for mass market paperbacks, in October 2014, the format was trying to recover from the shock it suffered due to the explosion of cheap e-books, especially in such important areas as romance and science fiction and fantasy. (Asked last week, during the DOJ’s trial to prevent PRH from acquiring S&S, whether he had made reductions in title output following the Random House–Penguin merger in 2013, PRH CEO Markus Dohle pointed to adjusting the number of mass market paperbacks published by Berkley/NAL in response to the flood of 99¢ and $1.99 self-published e-books that hit the market, luring away readers of genre fiction.)
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ELMA Joins Two Sides To Promote Sustainable Doordrop Solutions

Two Sides, the print and paper advocacy group, is excited to announce its newest member, ELMA, the European Letterbox Marketing Association. ELMA is the leading European organisation for doordrop solutions which include the distribution of any print media, such as; leaflets, flyers, catalogues, brochures, free newspapers and product samples. ELMA selects its members carefully to represent the best in class in each market ensuring quality and professionalism for clients looking to use this channel. “Doordrop, or unaddressed mail, is a highly effective and popular media to promote products and services as it directly engages the consumer in the relaxed environment of their homes. They are accountable and integrate wonderfully with other in-home media, such as television and the internet.” says Mark Davies, Chairman for ELMA.
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Johnson & Quin CEO David Henkel Is 2022 Printing Industry Hall of Fame Inductee (piworld.com)

David Henkel’s path in life — his ultimate trajectory — really began after his father’s service in World War II, when his family moved to the suburbs of Chicago. While Henkel willingly admits he “didn’t have a strong sense of direction” in his early life, he was distinctly interested in sales and marketing, and attended the University of Illinois (B.A. in economics) and Indiana University (MBA in marketing). Following post-college positions in marketing research and medical supply sales, the family business, Johnson & Quin, beckoned. Henkel’s father, Robert, had purchased Johnson & Quin in 1960. Johnson & Quin, in Niles, Illinois, has a long history in the printing industry. Henkel highlights that the company is 145 years old, based on records. He believes the business may even be older than that — the true age perhaps unknowable — due to the loss of city records during the Great Chicago Fire of 1871.
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Edward Carroll Appointed New President and CEO of SG360° (piworld.com)

SG360°, an industry-leading provider of performance-driven direct marketing solutions, announced that effective immediately, the SG360° Board has appointed Edward (Ed) Carroll permanent President and Chief Executive Officer. Mr. Carroll assumes these responsibilities from Interim CEO James (Jim) Andersen. Prior to his appointment as CEO, Mr. Carroll was Chief Financial Officer at SG360°, having joined SG360° in September of 2021. Prior to SG360°, Mr. Carroll held positions as CEO and CFO in a variety of industries, including manufacturing, distribution, and technology. He began his career as an officer in the United States Navy. Mr. Carroll is a graduate of the United States Naval Academy and earned his MBA at the University of Chicago. He is a CPA and a Lean Six Sigma Black Belt.
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Resolute Reports Second Quarter 2022 Results

Resolute Forest Products Inc. reported net income for the quarter ended June 30 of $256 million, compared to net income of $268 million, in the same period in 2021. Sales were $1,058 million in the quarter, a decrease of $82 million from the year-ago period. Excluding special items, the company reported net income of $155 million, compared to net income of $300 million, in the second quarter of 2021. The company reported operating income of $217 million in the quarter, compared to $235 million in the first quarter. The $18 million variation mainly reflects higher shipments ($47 million) across all segments, more than offset by higher manufacturing costs ($55 million), mainly related to fiber ($25 million) and maintenance ($19 million) costs, as well as energy prices ($7 million).
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USPS Reports Steady Service Performance Across All Categories

FY2022 fourth quarter service performance scores covering July 22 through July 29 included: *First-Class Mail: 93.2 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94 percent of Marketing Mail delivered on time against the USPS service standard, a decrease of 0.6 percentage points from the fiscal third quarter. *Periodicals: 86.3 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter.
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Old Navy’s Franchise Expansion Continues in Latin America

The expansion of the Old Navy business in Latin America continues as the brand announced Grupo Axo as Gap Inc’s exclusive franchisee for Old Navy in Mexico, just weeks after the brand’s debut of its first Caribbean store in the Dominican Republic through a franchise partnership with AR Retail S.A. The Dominican Republic serves as an important market for the brand and is another leg of Old Navy’s Central American expansion. The Dominican Republic store opening marks the third Old Navy franchise market launch in Latin America this year, following the brand’s most recent openings in Chile and El Salvador.
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In Wake of Kentucky Flooding, Walmart Offers Aid to Associates and Communities

In times of crisis, we believe in stepping forward to help communities in need. And as we watched floodwaters rise in Kentucky, we knew it was again time to take action. Hundreds of people – from our associates to community members who make our stores part of their daily routine – have lost their homes, lost power or lost access to clean water. That’s where we decided to place our focus. Walmart, Sam’s Club and the Walmart Foundation have committed $750,000 in water, food and funding to organizations providing relief, and we’re working to make essential resources like showers and laundry available in our parking lots and supporting shelters. Since last week, more than 20 Walmart trucks carrying water and essential supplies have arrived in some of the hardest-hit Kentucky communities. And there are more on the way.
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Hood Container Corporation Announces Acquisition of Walker, Michigan Based Kentwood Packaging

Hood Container Corporation announced that it has acquired the corrugated packaging business of Walker, MI based Kentwood Packaging Inc. The transaction includes all of Kentwood’s design, manufacturing, assembly, and fulfillment operations in Walker, including its membership in Great Lakes Wax Coatings, LLC. Jack Skoog and Tom Boluyt, co-owners of Kentwood Packaging Corporation, stated, “We have built this business successfully over the last 30 years by creating a customer-centric business model. Our focus has been to partner and collaborate with our employees, customers, and suppliers. We are extremely excited to be joining a family-owned company in Hood, whose values and culture truly mirror ours. We will be a stronger partner for our customers with the benefits of Hood’s national footprint and their ability to offer vertical supply chain integration.” Jack Skoog will continue his leadership role in this market as General Manager and Tom Boluyt after 41 years at KPC will be enjoying his retirement. Tom commented, “We have incredible employees and customers at KPC, and I have enjoyed working with them over all these years. I think they will benefit from being part of Hood Container.” Jack added, “I expect a seamless transition and look forward to a successful future with Hood Container.”
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Interfor Reports Q2’22 Results

Notable items in the quarter: • Record Lumber Production and Shipments o Lumber production totaled a record 1.0 billion board feet, representing an increase of 99 million board feet quarter-over-quarter and the fifth consecutive quarter of record production. • Moderating Lumber Prices o Interfor’s average selling price was $1,104 per mfbm, down $306 per mfbm versus Q1’22. • Strong Free Cash Flow Generation o Interfor generated $218.2 million of cash flow from operations before changes in working capital, or $3.98 per share. • Strong results from Eastern Canada Operations o The Eastern Canada Operations contributed $115.7 million of Adjusted EBITDA to Interfor’s second quarter results, which is net of $17.3 million recorded in production costs related to fair value adjustments recognized at the acquisition date.
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RYAM Announces Second Quarter 2022 Results

Rayonier Advanced Materials Inc. reported a net loss of $23 million or $(0.36) per diluted share for the quarter ended June 25, 2022, compared to net income of $122 million or $1.89 per diluted share for the same prior year quarter. The net loss from continuing operations for the quarter ended June 25, 2022, was $25 million or $(0.39) per diluted share, compared to net income from continuing operations of $8 million or $0.13 per diluted share for the same prior year quarter. Net income from continuing operations in the prior year quarter included a $25 million tax benefit resulting from remeasuring the Company’s Canadian deferred tax assets at a higher tax rate following the announcement of the disposal. Unless otherwise stated, information in this press release relates to continuing operations.
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Large interest in BillerudKorsnäs’ project in Norway

Today the Norway’s Prime minister Jonas Gahr Støre and the Minister of Trade and Industry Jan Christian Vestre visited Viken Skog’s Follum mill in Hønefoss. The plan of BillerudKorsnäs and the Norwegian forest owner group Viken Skog to establish production of bleached chemi-thermomechanical pulp (BCTMP) in Norway attracts large interest. Through a long-term partnership with Viken Skog, BillerudKorsnäs will secure both tailormade BCTMP and wood supply supporting the strategy for sustainable and profitable growth in paperboard. The Follum mill already has much of the infrastructure needed to establish such a production line and is in an area with competitive and sustainable wood supply and good transports to BillerudKorsnäs’ board mills. The ongoing feasibility study is expected to be completed during the first half of 2023. BillerudKorsnäs strategy has a clear goal - to deliver sustainable growth in packaging materials. To get the opportunity to develop the new mill in Follum as a state of the art sustainable operation is in line with our strategy. We aim for negative CO2 footprint in production with bio gas and carbon capture, says Christoph Michalski, President and CEO at BillerudKorsnäs.
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Deluxe Delivers Strong Second Quarter 2022 Revenue Growth

*Revenue for the second quarter was $84.8 million higher than the previous year. Excluding incremental revenue from the First American acquisition, which closed on June 1, 2021, and business exits during the quarter, revenue increased $31.2 million, or 6.6% year-over-year. *The Payments segment delivered revenue growth of 65.7% over the previous year to $171.2 million. Excluding incremental revenue from the First American acquisition, Payments grew 6.7%. *Net income of $22.1 million included gains of $17.5 million from the sale of the Australian web hosting business and a call center facility, and also included an $8.0 million increase in First American acquisition amortization and an increase in interest expense of $11.9 million resulting from the acquisition transaction. Prior year net income included $15.9 million of acquisition transaction costs. *Cash flow from operations for the first half of the year was $72.2 million and capital expenditures were $45.3 million. Free cash flow was $26.9 million, a decrease of $10.3 million compared to the first half of 2021, and included increased interest payments of $28.8 million.
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WestRock Reports Fiscal 2022 Third Quarter Results

*Record quarterly net sales of $5.5 billion increased 14.6% year-over-year *Net income of $378 million increased $128 million year-over-year, or 51.1%. Adjusted Net Income of $396 million increased $128 million year-over-year, growing 47.6% *Record Consolidated Adjusted EBITDA of $1.006 billion increased 24.0% year-over-year *Earned $1.47 per diluted share (“EPS”) and Adjusted EPS of $1.54, compared year-over-year to $0.93 and $1.00, respectively, increasing 58.1% and 54.0%, respectively *Net leverage ratio within targeted range
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Cascades Reports Results for the Second Quarter of 2022

Q2 2022 Highlights *Sales of $1,119 million (compared with $1,038 million in Q1 2022 and $956 million in Q2 2021) *Operating income (loss) of $32 million (compared with $(4) million in Q1 2022 and $23 million in Q2 2021) *Operating income before depreciation and amortization (OIBD) of $95 million (compared with $56 million in Q1 2022 and $87 million in Q2 2021) *Net earnings per common share of $0.10 (compared with net loss per common share of ($0.15) in Q1 2022 and net earnings per common share of $0.02 in Q2 2021)
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Gannett Announces Second Quarter 2022 Results

Second Quarter 2022 Financial Highlights: *Total revenues of $748.7 million decreased 6.9% compared to the second quarter of 2021 *Same store revenues(1) decreased 6.3% compared to the second quarter of 2021 *Total digital revenues were $261.8 million or 35% of total revenues, up 1.5% over the same period in the prior year on a same store(1) basis *Net loss attributable to Gannett of $53.7 million, a margin loss of 7.2% *Cash used for operating activities of $30.7 million
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YETI Reports Second Quarter 2022 Results

Gross profit increased 5% to $219.1 million, or 52.2% of sales, compared to $209.1 million, or 58.5% of sales, in the second quarter of 2021. The 630 basis point decrease in gross margin was primarily driven by higher inbound freight, higher product costs and the unfavorable impact of foreign currency exchange rates, partially offset by price increases. Selling, general, and administrative (“SG&A”) expenses increased 10% to $150.8 million, compared to $136.7 million in the second quarter of 2021. As a percentage of sales, SG&A expenses decreased 230 basis points to 35.9% from 38.2% in the prior year period, primarily driven by non-variable expense leverage on higher sales, partially offset by higher variable expenses driven by higher distribution and logistics costs. Operating income decreased 6% to $68.3 million, or 16.3% of sales, compared to $72.4 million, or 20.2% of sales during the prior year quarter. Net income decreased 18% to $46.3 million, or 11.0% of sales, compared to $56.2 million, or 15.7% of sales in the prior year quarter; Net income per diluted share decreased 16% to $0.53, compared to $0.63 per diluted share in the prior year quarter.
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Socorro Bebidas Expands Its Portfolio Into Mineral Water Using Crown’s Sustainable Packaging Alternative

Crown Embalagens Metálicas da Amazônia S.A., a subsidiary of Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com), has partnered with Brazilian beverage producer, Socorro Bebidas (Socorro), to extend its line of mineral water to include infinitely recyclable beverage cans. The brand, Acquíssima, is currently available in supermarkets across Brazil in two SKUs: Personnalité (natural mineral water) and Passion (carbonated mineral water). Both are now available in 355ml (12oz.) sleek cans to support a premium, modern image. Over the last decade, still packaged water consumption per capita in Brazil has increased by 105% and continues to take market share from tap and bulk water. This growth in demand for packaged water has presented local beverage producers with an opportunity to diversify their brand portfolios and many are exploring how to bring these products to market while also supporting sustainability. This was particularly important to Socorro, as the brand has a robust social responsibility program in place.
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Smurfit Kappa’s circular approach to benefit local community

The Smurfit Kappa paper mill in Nettingsdorf, Austria, has launched a sustainable district heating project that will benefit 20,000 homes across three communities when completed. The scheme will capture excess heat generated from the Nettingsdorf paper mill to provide heating for local homes, businesses and schools. Civil works have commenced on the ambitious project with the first trenches excavated and pipes laid in June. The central heat distribution building and equipment will be erected in the coming months and it is planned that a local elementary school and the kindergarten in Nettingsdorf will be the first premises to benefit from the scheme early next year.
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Mondi Results for the six months ended 30 June 2022

Highlights • Strong performance across the business ◦ Margin expansion in all continuing businesses, supported by good selling price realisation and solid operating performance in challenging conditions ◦ Key capital investments contributing to performance ◦ Total EBITDA including discontinued Russian operations (prior to special items) of €1,170 million, up 65% yearon-year • Around €1 billion of expansionary projects underway, approved or under advanced evaluation – capturing growth in our packaging markets, building on our leading market positions and adding to our strong track record of disciplined capital allocation • Completed sale of the Personal Care Components business for an enterprise value of €615 million, delivering greater focus
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Sappi delivers record earnings for the third financial quarter 2022

The packaging and speciality papers segment reached another record level of profitability despite flat year-on-year sales volumes, which were constrained by available capacity and low inventory levels in North America and South Africa. Demand remained robust and further selling price increases lifted margins for the segment. Graphic paper sales volumes were 4% higher than the prior year. The segment benefited from tight market conditions which supported selling price increases and drove margin growth. These favourable market conditions enabled all assets to run at full operating rates during the quarter. A substantial improvement in profitability of the European business was a result of favourable market conditions, which facilitated selling price increases in the paper segments and enabled the region to offset higher costs across all input categories. Profitability of the North American business continued its upwards trajectory with the region recording yet another record quarterly EBITDA of US$118 million.
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Feldmuehle switches fuel, Cepi warns on gas crisis (printweek.com)

German papermaker Feldmuehle is switching fuel from gas to light heating oil at short notice due to the gas supply crisis, while paper federation Cepi has warned about possible disruption to paper and packaging supplies if mandatory consumption cuts are enforced in the EU. Feldmuehle said it was taking rapid action to switch to light heating oil as fuel for steam generation at its Uetersen mill, which makes paper for labels and packaging. CEPI said that the pulp and paper industry had a fundamental role as a provider of critical products, and called on member states to consider entire value chains when responding to the crisis. “As its manufacturing partly depends on gas, possible disruptions in the industry’s gas supply would affect the entire logistics of the EU, availability of paper packaging for food and pharmaceuticals, as well as essential hygiene products,” CEPI stated.
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Printing Industry Hall of Fame Inductee Chris Carpenter, of Royle Printing, Builds Relationships Upon Respect (piworld.com)

In the 30-plus years that Chris Carpenter has been in the industry, there are two themes that have guided his career: You must be flexible to change, but to do so, you must also stick to your beliefs. Carpenter, president and owner of Sun Prairie, Wisconsin-based Royle Printing, and his team have seen their share of change over the years, with the COVID-19 pandemic, increasing moves toward the digital world, and current paper shortages and hiring challenges being the most recent. But you don’t accumulate 30 years on your resume by giving up. Carpenter’s illustrious career — which has earned him a spot as a 2022 inductee into the Printing Impressions/RIT Printing Industry Hall of Fame — is shaped around hard work, passion for the graphic arts industry, and constantly working to build relationships with employees and customers.
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RRD Reports Second Quarter 2022 Results

Net sales in the second quarter were $1.29 billion, up $143.2 million or 12.5% from the second quarter of 2021. Net sales were negatively impacted $14.9 million due to changes in foreign exchange, while the majority of the increase relates to higher client demand for most of the Company’s products and services, and price increases to mostly offset inflationary cost increases. The Company experienced significant growth in Commercial Print, Direct Marketing and Labels products. Organic net sales increased 13.8%. Income from operations was $60.7 million in the second quarter of 2022 compared to $28.2 million in the second quarter of 2021. During the second quarter of 2022, net restructuring, impairment and other charges of $19.8 million increased $10.1 million from the prior year period due primarily to a $12 million asset impairment charge related to an equity investment.
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O-I Glass Reports Second Quarter 2022 Results

Net sales were $1.8 billion in the second quarter of 2022, up from $1.7 billion in the prior year quarter. Unfavorable foreign currency translation impacted sales by $95 million and $11 million of lower sales was due to divestitures. Higher average selling prices contributed $208 million to sales. Shipments (in tons, excluding divestitures) improved approximately one percent while sales declined $1 million due to the net effect of higher sales volume and a slightly unfavorable change in mix. Other sales improved $17 million driven by higher machine part sales. Segment operating profit was $257 million in the second quarter of 2022 compared to $232 million in the prior year quarter.
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Clearwater Paper Reports Second Quarter 2022 Results

For the first six months of 2022, Clearwater Paper reported net sales of $1 billion, a 22% increase compared to net sales of $832 million for the first six months of 2021. Net income for the first six months of 2022 was $31 million, or $1.83 per diluted share, compared to net loss for the first six months of 2021 of $40 million, or $2.37 per diluted share. On a non-GAAP basis, Clearwater Paper reported adjusted net income in the first six months of 2022 of $36 million, or $2.13 per diluted share, compared to first six months of 2021 adjusted net loss of $6 million, or $0.37 per diluted share. Adjusted EBITDA for the first six months was $122 million, compared to the first six months of 2021 Adjusted EBITDA of $69 million. Net sales in the Pulp and Paperboard Products segment were $562 million for the first six months of 2022, up 26% compared to net sales of $447 million in the first six months of 2021. Segment operating income for the first six months of 2022 was $102 million, compared to $38 million for the first six months of 2021.
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Berry Global Group, Inc. Reports Third Fiscal Quarter 2022 Results

The net sales growth is primarily attributed to increased selling prices of $301 million due to the pass through of inflation. On a two-year basis, organic volumes were up 3%, as we reported strong organic volume growth of 5% a year ago, compared to a 2% decline in the quarter. The volume decline is primarily attributed to general market softness in industrial markets and the moderation of advantaged products related to the easing of the COVID-19 pandemic. Net sales were also impacted by a $151 million unfavorable impact from foreign currency changes and prior year quarter divestiture sales of $16 million. The operating income decrease is primarily attributed to a $22 million unfavorable impact from foreign currency, and an $11 million unfavorable impact from the volume decline, partially offset by a $28 million favorable impact from price cost spread and product mix.
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The New York Times Company Reports Second-Quarter 2022 Results

Total revenues for the second quarter of 2022 increased 11.5 percent to $555.7 million from $498.5 million in the second quarter of 2021. Subscription revenues increased 13.1 percent to $383.6 million, advertising revenues increased 4.1 percent to $117.4 million and other revenues increased 17.6 percent to $54.7 million. Total operating costs increased 19.6 percent in the second quarter of 2022 to $504.0 million compared with $421.4 million in the second quarter of 2021, while adjusted operating costs increased 18.2 percent to $479.5 million from $405.6 million in the second quarter of 2021.
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The ODP Corporation Announces Second Quarter 2022 Results

Total reported sales for the second quarter of 2022 were $2.0 billion, down 2% compared to the second quarter of 2021 primarily due to fewer retail stores in service and greater market-wide challenges related to the sourcing and supply chain environment relative to last year. Retail Division sales were lower primarily due to 71 planned store closures and lower store traffic, which was offset by higher sales in our BSD Division. The Company drove stronger business-to-business (B2B) sales through its contract channel as more businesses continued to return to the office, which was partially offset by lower sales through its eCommerce channel compared to a year ago. The Company reported operating income of $28 million in the second quarter of 2022, down compared to operating income of $30 million in the prior year period. GAAP operating results in the second quarter of 2022 included $26 million of charges consisting primarily of $23 million in merger, restructuring and other operating costs largely associated with activities related to the Company’s previously planned separation.
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Quad Reports Second Quarter and Year-to-Date 2022 Results

Results for the six months ended June 30, 2022, include: Net Sales — Net Sales were $1.5 billion in the six months ended June 30, 2022, up 7% from the same period in 2021, or up 12% excluding the QuadExpress divestiture. Net Sales growth was achieved across all of our offerings due to increased pricing in response to inflationary pressures, print segment share gains and onboarding new clients in Agency Solutions. Net Earnings — Net Earnings were $4 million in the six months ended June 30, 2022, as compared to Net Earnings of $45 million in the six months ended 2021. The decrease is primarily due to $35 million ($26 million, net of tax) of gains in 2021 on the sale of QuadExpress, and sale and leaseback of the Chalfont, Pennsylvania, facility. Net Cash Provided by (Used in) Operating Activities and Free Cash Flow — Net Cash Used in Operating Activities was $24 million in the six months ended June 30, 2022, as compared to Net Cash Provided by Operating Activities of $89 million during the same period in 2021. Free Cash Flow decreased $119 million from last year to negative $57 million in the six months ended June 30, 2022.
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AAP May 2022 StatShot Report: Publishing Industry Down 2.5% Year-To-Date and 3.7% for May

The Association of American Publishers (AAP) released its StatShot report for May 2022 reflecting reported revenue for Trade (Consumer Books), Higher Education Course Materials, and Professional Publishing. The report does not include Pre-K revenue due to delays in data collection but will be updated as soon as that data becomes available. Total revenues across all categories, excluding PreK-12, for May 2022 were down 3.7% as compared to May 2021, coming in at $837.8 million. Year-to-date revenues were down 2.5%, at $4.6 billion for the first five months of the year. Trade (Consumer Books) sales were down 3.3% in May, coming in at $673.1 million. eBook revenues were down 5.7% for the month as compared to May 2021 for a total of $82.5 million. The Downloaded Audio format was up 6.2% for May, coming in at $65.2 million in revenue. Physical Audio was down 46.4% coming in at $1.2 million. Year-to-date Trade revenues were down 1.4%, at $3.5 billion for the first five months of the year. Hardback revenues were down 7.5%, coming in at $1.2 billion; Paperbacks were up 8.7%, with $1.3 billion in revenue; Mass Market was down 25.6% to $73.9 million; and Special Bindings were up 4.0%, with $68.8 million in revenue.
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Cost Of Fraud Has Risen-To $3.75 For Every Dollar Stolen (mediapost.com)

Email teams may be on the spot--along with everyone else--if ecommerce campaigns lead to fraudulent transactions that hit the bottom line. The LexisNexis Fraud Multiplier estimates that for every $1 lost to fraudulent transactions, U.S. merchants lose an average of $3.75—a 19.8% increase since 2019. Canadian firms lost $3.19, an 11% rise from the $2.87 seen in early 2020. And those apparently are firms with some protections in place.
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Estonian forest certification system submitted for assessment

The Estonian Forest Certification System has been submitted to PEFC for assessment. The public consultation, which is your chance to give your feedback on this revised system, will run from 15 August to 13 October 2022. The Estonian Forest Certification Council revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. To provide you with additional information about this revised national system, we are holding a webinar on 15 August at 10:00 CEST. The webinar is free to attend, and everyone is welcome.
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Sonoco Releases 2021-22 Corporate Sustainability Report, Renews 2030 Commitments

Sonoco released its 2021-22 Corporate Responsibility Report, renewing ambitious 2030 commitments to reduce greenhouse gas emissions and energy usage. The Science Based Targets align with the Paris Climate Agreement, which seeks to limit global warming temperatures well below -2 degrees Celsius above pre-industrial levels. Beyond performance metrics, Sonoco further increased packaging sustainability and recycling with the $1.35 million acquisition of Ball Metalpack in January 2022. This expanded Sonoco’s can-making franchise and sustainable product portfolio with the addition of tinplate steel packaging – the world’s most recycled substrate. Funds for the acquisition came from $1.2 billion in certified Green Bonds, one of the largest sustainable offerings to date in the U.S. packaging sector.
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Pregis expands Inspyre™ product line with new mailer; increases support of environmental nonprofit organization

Pregis® announces the expansion of its Inspyre™ product line with the new Inspyre™ Mailer, amplifying its contributions to help fight water insecurities in communities around the world. Inspyre™ packaging is a brand member of 1% for the Planet, with one percent of the product line’s sales funding Uzima, a charity that makes and distributes water filters that provide clean drinking water to people in need. The Inspyre mailer offers an efficient, lightweight, and sustainable way to ship non-fragile items and soft goods such as apparel, linens, in direct-to-consumer e-commerce applications. Made with a minimum of 30 percent recycled content, the new Inspyre poly mailer offers customers a unique packaging solution that contributes to sustainability goals and positive change. The mailer, available in fanfold and roll stock, runs through Pregis Sharp automated bagging systems, which can increase throughput by four times that of manual packing applications, helping fulfillment centers maximize efficiency and minimize labor constraints.
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Britney Spears done writing drama-filled memoir, so what’s the hold up? (pagesix.com)

Hit by supply chain shortages, one more time. Britney Spears has reportedly finished writing what promises to be a bombshell of a celebrity memoir — but its publication date will apparently be delayed due to a lack of paper, according to TMZ. Back in February, Page Six exclusively broke the news that the Princess of Pop had signed a $15 million book deal with Simon & Schuster, which nabbed the contract following what was said to be a months-long bidding war amongst publishing houses for the rights to Spears’ autobiography. But now that the “Dear Diary” singer, 40, has at last been able to get it all down in writing, her life’s story won’t reach the eyes of the public for some time thanks to nationwide manufacturing upheavals that have resulted in a massive “paper crunch” in the book publishing industry, per Publishers Weekly.
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S&P Global Demonstrates Resilience in Second Quarter Results

*Reported Revenue Increased 42% vs. Prior Year and Decreased 5% vs. Pro Forma Revenue; Adjusted Revenue Decreased 5% vs. Non-GAAP Pro Forma Adjusted Revenue *Growth Across Five of Six Divisions, Offset by a Sharp Decline in Revenue Related to Debt Issuance *Reported Operating Profit Margin Decreased 530 Basis Points to 49.5% from Prior Year and Increased 1,140 Basis Points to 49.5% from Pro Forma Operating Margin *Company has Repurchased $8.5B in Shares YTD; on Track to Complete $12B ASR by Year-end
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May Sales Were Soft, AAP Reports (publishersweekly.com)

In the AAP’s newest StatShot update, May trade sales were mixed and sales of higher educational course materials fell, leading to a 3.7% sales decline compared to May 2021 for the 1,368 publishers that report sales to the association. The hardcover and mass market paperback formats had another tough month in the adult category with hardcover sales down 18.6% and mass market sales falling 47%. Trade paperback sales rose 3.1% in the month. The digital formats had mixed results with downloadable audio sales up 5%, but e-book sales falling 5%. Through May, adult sales were down 4.2% as hardcover sales fell 11.4% and mass market paperback sales tumbled 25.6%.
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Study on Criterion 6.5 of FSC Principles and Criteria underway

The study is conducted by FSC International to identify existing problems associated with development and implementation of indicators under Criterion 6.5. This criterion establishes conservation requirements of The Organization demonstrating conformity with FSC’s Principles and Criteria. Criterion 6.5 of FSC Principles and Criteria for Forest Stewardship states that: “The Organization shall identify and protect representative sample areas of native ecosystems and/or restore them to more natural conditions. Where representative sample areas do not exist or are insufficient, The Organization shall restore a proportion of the Management Unit to more natural conditions. The size of the areas and the measures taken for their protection or restoration, including within plantations, shall be proportionate to the conservation status and value of the ecosystems at the landscape level, and the scale, intensity and risk of management activities.”
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SEE Reports Q2 2022 Results

Second Quarter 2022 U.S. GAAP Summary: Net sales of $1.4 billion increased 7% as reported, with the Americas increasing 13%, EMEA decreasing 4%, and APAC decreasing 3%. Net earnings were $114 million, or $0.77 per diluted share, as compared to net earnings of $109 million, or $0.71 per diluted share. The current period results were impacted by pre-tax losses including a $16 million impairment of an equity investment and an $11 million loss on debt redemption. Income tax expense was $43 million, resulting in an effective tax rate of 27.2% in second quarter 2022. This compares to an income tax expense of $46 million in the prior year, or an effective tax rate of 29.7%, which was unfavorably impacted by legislative changes to foreign statutes.
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Total U.S. Containerboard Production Increased Two Percent in Q2 2022

The American Forest & Paper Association (AF&PA) has released its Q2 2022 Containerboard Quarterly report. According to the report, total containerboard production in Q2 increased 2% compared to Q2 2021. It was also up 2% when compared to the same 6 months of 2021. New supply of containerboard (domestic production plus imports) was essentially flat compared to Q2 2021, as well as year-to-date. The Linerboard operating rate in Q2 was 94.3%, up 1.5 points from the previous quarter. The Medium operating rate for the quarter was 96%, down 0.6 points from Q1 2022.
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Ahlstrom-Munksjö to invest EUR 15 million in reducing its carbon footprint at its production plants in Wisconsin, USA

Ahlstrom-Munksjö is investing in new technology and converting its existing boilers at its Mosinee and Rhinelander plants in Wisconsin, United States, to reduce its carbon emissions and landfill waste. These investments at the Mosinee production plant will enable a reduction in its carbon footprint by an estimated 20%, and a reduction of landfill waste by more than 10%. The project is estimated to be completed at the end of the second quarter in 2023. In addition, the Rhinelander production plant is expected to reduce CO2 emissions by an estimated 14% and landfill waste by more than 50%. A new energy center and associated buildings at Rhinelander will consolidate and simplify energy operations, enabling the plant to house a future boiler and a heat recovery steam generator. The project will commence immediately and is estimated to be completed in the third quarter of 2023.  
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Grainger Reports Results for the Second Quarter 2022

Sales on a reported and daily basis in the quarter increased 19.6% as compared to the second quarter of 2021. Excluding the unfavorable foreign exchange impact of 2.4%, sales on a daily, constant currency basis were up 22.0% compared to the second quarter of 2021. Gross profit margin for the second quarter of 2022 was 37.6%, a 255 basis point increase compared to the second quarter of 2021. The increase was driven by favorability in both segments and includes the lap of a $63 million pandemic product inventory adjustment in the prior year period within the High-Touch Solution N.A. segment. Operating earnings for the second quarter of 2022 of $534 million were up 60% versus the second quarter of 2021. Operating margin in the quarter of 13.9% increased 350 basis points over the second quarter of 2021 on stronger gross margins in both segments combined with 95 basis points of SG&A leverage gained on strong top-line growth.
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Print Sales Rose 4.4% in Mid-July (publishersweekly.com)

Double-digit gains in the adult fiction and young adult categories led to a 4.4% increase in unit sales of print books in the week ended July 23, 2022, over the comparable week in 2021, at outlets that report to NPD BookScan. Where the Crawdads Sing by Delia Owens, five books by Colleen Hoover, and two new releases drove sales up 23.1% in adult fiction. Crawdads remained #1 on the category list, selling more than 123,000 copies. Led by It Ends with Us, Hoover’s top five titles sold about 295,000 copies combined. The new titles that cracked the top 10 in the category were Portrait of an Unknown Woman by Daniel Silva, which sold more than 40,000 copies, and Shattered by James Patterson and James O. Born, which sold more than 25,000 copies. YA fiction sales rose 15.6%. Jenny Han titles continued to do well, with five Han books selling about 83,000 copies combined. The top new release was Never Never by Serena Valentino, which sold about 9,000 copies. Adult nonfiction sales fell by a relatively mild 3.4% compared to the week ended July 24, 2021.
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UK forest certification system submitted for assessment

The PEFC UK Certification Scheme for Sustainable Forest Management and Trees Outside Forests has been submitted to PEFC for assessment. The public consultation, which is your chance to give your feedback on this revised system, will run from 8 August to 6 October 2022. PEFC UK revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. The revised system is among the first submitted to PEFC for endorsement to include a Trees Outside Forests (TOF) standard. TOF certification was one of the innovative developments of the 2018 PEFC Sustainable Forest Management standard.
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Higher Education Print Trends (royle.com)

Welcome back to school, students, faculty, and staff! With the pandemic past us, it seems as if the world is returning to normal, classes are in-person, and campuses and universities across the U.S. are full of energy once again! Higher Education marketing and communication are crucial to engaging students and staff while giving them a sense of community and belonging. It’s just as important to make those external networks of alumni, donors, and corporate partners feel included and valued, whether that be through digital communications or print. Through our experience printing and representing universities for over 50 years, we compiled some insights to consider incorporating into your marketing plan for the upcoming school year and how you can elevate your university’s magazine(s).
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The Paper Market Unfolded Q2 2022 (specialtyprintcomm.com)

We all wish we had a crystal ball to see the future. The paper market continues to be difficult to predict due to ongoing fundamental stresses at the mills and along the supply chain. We do, however, see initial signs of hope the paper market could improve in 2023 and have balance largely restored within the next two years. Our recommendations for marketers for Q3-Q4 remain the same: Plan your campaigns well ahead and be prepared for unexpected delays. We are predicting additional price increases for the back half of the year due to still rising input costs – pulp, labor, energy, chemicals, and freight. With the country experiencing 9% inflation in June, it’s no surprise these costs remain unstable. In fact, pulp prices are up 20% in just the past five months.
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