Kohl’s Names Dave Alves President & Chief Operating Officer

Kohl's announced that 30-year retail veteran Dave Alves has been named Kohl's President & Chief Operating Officer, reporting to CEO Tom Kingsbury, effective in April. In this role, Alves will be responsible for Kohl's enterprise operations including its nearly 1,200 stores, global supply chain and distribution centers, real estate portfolio, purchasing, sustainability, risk management & compliance functions. "We are thrilled to have Dave join our senior leadership team as we drive the business forward," said Kingsbury. "Kohl's is a tremendous company with a strong and loyal customer base, and Dave is joining us at a time when we are elevating our business and our offerings for the next generation of shoppers. His deep retail background in department stores and off-price, and his experience across U.S. and global markets will be a great addition to our team."
Read More

Public consultation: Swedish forest certification system

Stakeholders from around the world are invited to give feedback on the revised Swedish National Forest Certification System. Deadline for comments is 27 April. Give your feedback. PEFC Sweden revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. The Swedish 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.
Read More

Metsä Group’s pulp production achieves excellent results for its environmental footprint

Metsä Fibre, part of Metsä Group, has achieved excellent results in terms of sustainability and environmental efficiency in a study conducted by the Fraunhofer Institute for Microstructure of Materials and Systems (IMWS) in Halle, Germany. The study comprehensively examined the environmental footprint of Äänekoski bioproduct mill pulp production.  The Äänekoski bioproduct mill was compared with average values of pulp mills in Europe and Latin America. Äänekoski bioproduct mill, which produces pulp e.g., for printing and writing papers, speciality papers, tissue papers and paperboards, achieves top results in the study. To sum up, pulp from Äänekoski bioproduct mill has significantly lower emissions and the lowest environmental footprint compared to the pulp produced in average level pulp mills in Europe and Latin America. The complete set of environmental impact categories can be found at the following link: Spotlight report - Life Cycle Assessment of fibres from bioproduct mill compared to fibres from average European and Latin American pulp mills
Read More

Smurfit Kappa invests €27 million in new sustainability initiative at Spanish paper mill

Smurfit Kappa is investing €27 million in a state-of-the-art new waste management and recovery facility at its Nervión paper mill in Iurreta, Spain. The investment will see the mill adopt a fully circular production process involving the biggest landfill reduction project Smurfit Kappa has undertaken to date to support the delivery of its 2025 sustainability commitments. The lime kiln and gas treatment system will have a production capacity of 120 tonnes of lime per day and will provide significant environmental benefits. The new circular system will allow the calcium carbonate waste that is currently generated in the mill’s manufacturing process to be transformed into lime and subsequently reintroduced into the production process as a raw material. This will have a positive impact on the mill’s carbon footprint by diverting 75,000 tonnes of waste from landfill and eliminating approximately 450,000 km per year in road transport.
Read More

Stora Enso’s lignin replaces fossil-based glue in plywood

Stora Enso’s lignin, Lineo® by Stora Enso, replaces fossil-based glue in plywood. Polish plywood manufacturer Paged has started collaborating with Stora Enso to meet their customers’ demands for bio-based and more sustainable plywood. This partnership also allows Paged to cut product carbon emissions. Across markets, consumers are increasingly turning towards eco-friendly products and demanding change. At the same time, the business demand for renewable, bio-based and circular solutions is also growing rapidly. We want to do our part and replace fossil-based materials with safer and more natural alternatives. With Lineo®, Paged has the possibility to replace 40% of fossil-based glue with lignin, resulting in a more environmentally friendly end-product. The ultimate goal for Paged is to be able to achieve several thousand tons of reduction in carbon emissions.
Read More

Increase Direct Mail Response with Behavioral Science: Part One (piworld.com)

Are you ready to skillfully apply the principles of human behavior to your direct mail marketing messages to gain a competitive advantage? Since people default to hardwired behaviors without giving them a thought, we can use that to drive them to the response we want. We will use those behaviors to trigger them to buy our product or service leading to better direct mail results. In part one of this series, we will focus on the decision-making process and how we can use it to convert more sales with direct mail.
Read More

The right packaging a key factor in the green transition

Living in the Bioeconomy is the title of the two-day conference Sweden is organizing during the Presidency of EU. Today, Billerud’s President and CEO Christoph Michalski spoke about the role of fibre-based packaging in the needed green transition. The conclusion is that material and design of package matters. The bioeconomy is an important part of the circular economy. Fiber-based packaging is recycled, and the fiber is reused again and again until the quality of the fiber has become so low that it no longer can be used. Then it returns to carbon dioxide and the natural carbon cycle is closed. This contrasts the fossil economy. Billerud replaces fossil-based materials with renewable and recyclable materials. Recycled content contributes to the sustainability of paper-based packaging and to a more sustainable, circular economy. “I would also like to stress the importance of food safety. Protecting food and reducing food waste have a greater impact than the actual climate impact of producing the package”, says Christoph Michalski.
Read More

Average Delivery Time Across Postal Service Network Remains Stable

FY23 second quarter service performance scores covering Jan. 1 through Feb. 17 included: *First-Class Mail: 91.0% of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter. *Marketing Mail: 94.4% of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter. *Periodicals: 86.1% of Periodicals delivered on time against the USPS service standard, an increase of 1.5 percentage points from the fiscal first quarter.
Read More

Booksellers Respond to Book Challenges and Bans (publishersweekly.com)

On the closing day of the American Booksellers Association Winter Institute 2023, a keynote and idea exchange tackled book banning and other threats to the freedom to read. Stories of outrage were easy to come by: booksellers report going uninvited to book fairs, moving children’s books off tables occupied by general “adult” titles, or second-guessing whether to host Drag Queen Story Time. But solutions were in shorter supply. Booksellers are frustrated with schools’ and libraries’ capitulations to uninformed book challenges, despite understanding the fears of harassment and violence driving those chilling decisions. ABA chief communications officer Ray Daniels moderated a panel that included Gender Queer author Maia Kobabe, Rediscovered Books co-owner Laura DeLaney, Green Feather Book Company proprietor Heather Hall, and Kendrick Washington, director of policy at the ACLU of Washington. “I have had a wild ride over the past couple of years,” said Kobabe, whose memoir tops the American Library Association’s list of 10 most-challenged books. “I have seen a rise of book sales, but I think most of those sales are to adults and people who listen to NPR. People in book deserts are the ones missing out. We shouldn’t have to have a lawsuit in every single school district just to have the books in schools and libraries. It’s such a drain on resources.”
Read More

Brian Mutert Named President of Brown Printing

Brown Printing of Jefferson City, Missouri and a subsidiary of Modern Litho, Inc., announces Brian Mutert has been named President of the company following the retirement of outgoing President Darla Porter. Mutert joined the company in 2013 when Brown Printing acquired Show Me Printing, which he together with his father Gary Mutert owned and operated. Since then, Mutert, serving as General Manager, has been integral in the daily sales and production management of Brown Printing. He has expanded the product and service offerings of the company including wide format, signage and display graphics, matched mailing and high-speed inserting, and variable data and imaging. Other highlights include leading the company through the integration of operations and customer onboarding that have resulted from several acquisitions of regional commercial printing companies along with sole-service contracts with shuttered in-plant print facilities.
Read More

TASKI acquires NSS Enterprises

I am delighted to be able to share with you the news that on February 22, 2023 TASKI acquired substantially all of the assets of NSS Enterprises, Inc. The joining of TASKI and NSS will provide an expanded product offering to you, as well as expanded local resources, including sales, customer service and technical support. Toledo, OH production facilities will continue to service NSS customers, as well as expand TASKI’s footprint in the U.S. The acquisition reinforces TASKI’s dedication to expand our service and support of your business. U.S. production will allow TASKI to improve its time to market, and NSS will benefit from the synergies created by the acquisition. You will also benefit from the global research, development and innovation excellence for which TASKI is renowned. Over the coming months, a dedicated team will work through the beginning stages of integrating the two businesses, with customer service and technical support as the key focus areas. We commit to keeping you informed of the process and will provide regular updates. In the coming days and weeks, the team will be spending time with customers to discuss and explore the benefits of the TASKI-NSS enhanced offering. If you have any questions, please feel free to speak to your NSS and/or TASKI sales representative, who will be happy to discuss, in more detail, the benefits TASKI-NSS can bring to your business.
Read More

New!! NEUJET®silk 44 lb (65GSM)

We are excited to announce that Mondi has just added a new special paper to its NEUJET family of papers. This is the 65gsm 44# NEUJET® silk. This paper grade was specifically developed for the book publishing industry, with a very high PPI - 847, brightness – 99, Opacity - 90, and Caliper – 2.36 Pt. Mondi’s complete Neujet family includes the Neujet Silk premium, NEUJET Matte, NEUJET® silk & NEUJET® matte premium, with weights ranging from 65gsm (44#) through 7Pt, 9Pt, and 11Pt. 300gsm (111#Cover). The NEUJET® silk premium & NEUJET® matte premium lines also incorporate the HP ColorPRO technology. We are offering midrange fully treated paper lines of DNS CF (coated feel) & DNS® NF (Natural Feel). The DNS® CF (coated feel) line offers calendarized papers with a very smooth finish – thus “coated feel”. Weights offered here range from 70gsm (47#) up to 160gsm (60#Cover).
Read More

Unhappy Customers and Unexpected Opportunities (jschmid.com)

One of our clients challenged us this week to find a way to call out a product they had improved. The perception (and the truth) was that this particular product—in this particular niche industry—was indeed subpar for a while. And our client fixed it. Really, really well. What brand doesn’t slip now and then? From large, global corporations accused of being environmentally negligent, to the small online retailer that suffers an inventory issue, most businesses, at one time or another, experience the Unhappy Customer Moment. The good news? There is such an abundance of feedback channels and data now to provide immediate and rich information on how our customers are experiencing our products and our brands. The even better news? This information provides us with an extraordinary opportunity for change. To respond. To fix the problem. read more at: https://www.jschmid.com/blog/unhappy-customers-and-unexpected-opportunities/
Read More

PEFC and PAFC at the One Forest Summit

This March, world leaders will gather in Gabon for the One Forest Summit to advance our collective ambition regarding the preservation and sustainable management of rainforests. And PEFC will be there. The forests of the Congo Basin are one of the last truly untouched forest areas in the world. But there is increasing pressure on these forests as the region’s population grows and looks to the forests as an important driver for economic development. PEFC is present in the Congo Basin through our three PAFC national members: PAFC Cameroon, PAFC Congo, and PAFC Gabon. Together, under the name of PAFC Congo Basin, these members have jointly developed a regional forest certification system. “The One Forest Summit was launched at COP 27 by Gabonese President Ali Bongo and French President Emmanuel Macron. They both recognised the environmental and economic value of the Congo Basin Forest and the urgency to act to preserve it,” said Thomas Seyvet, Development Officer, part of the PEFC international team travelling to Gabon for the Summit.
Read More

Pregis Performance Flexibles Facilities Are ISCC PLUS Certified

The ISCC PLUS certification reinforces the Pregis Purpose to ‘Protect, Preserve, Inspyre.’ It is the latest example of the company achieving goals in support of its sustainability commitment to provide high-performing products while enabling a circular economy. This third-party certification enables Pregis to produce solutions that are classified as circular, bio-circular, and/or bio-based. The ISCC PLUS certification includes the mass balance chain of custody option, providing traceability along the supply chain. "The completion of the ISCC PLUS certification across the entire Pregis Performance Flexibles facility network clearly showcases our commitment to advancing the circular economy," explains Jonathan Quinn, Director of Market Development and Sustainability for Pregis Performance Flexibles. "It is a testament to our continued efforts to push the boundaries of innovation in blown films and expand our specialty films offerings in the food and medical packaging markets as well as other demanding applications."
Read More

Mativ Announces Fourth Quarter and Full Year 2022 Results

Mativ Fourth Quarter 2022 Highlights *Sales increased 69% to $660.1 million, reflecting the benefit of the merger; 6% constant currency organic sales growth, or 2% including negative currency impacts; 20%+ sales growth in release liners and protective solutions led the portfolio *GAAP Income was $2.5 million, GAAP EPS was $0.04, and GAAP Operating Profit was $26.9 million, which all included significant expenses related to the Neenah merger integration *Continued positive momentum in price/cost performance drove margin expansion *≈$5 million cost synergies realized in 2022; ≈$25 million incremental synergies expected in 2023. Mativ Full Year 2022 Highlights *Sales increased 51% to $2,167.4 million, reflecting the benefit of the merger; 11% constant currency organic sales growth, or 7% including negative currency impacts *Double-digit sales growth in release liners, protective solutions, and packaging and specialty papers led top-line performance with strong pricing more than offsetting higher input costs *GAAP Loss was $6.6 million, GAAP EPS was $(0.18), and GAAP Operating Profit was $51.4 million, which all included significant expenses related to the Neenah merger closing and integration
Read More

Cascades Reports Results for the Fourth Quarter and Full Year 2022

Q4 2022 Highlights *Sales of $1,135 million (compared with $1,174 million in Q3 2022 and $1,028 million in Q4 2021) *Operating loss of $(20) million (compared with $25 million in Q3 2022 and $(90) million in Q4 2021) *Net loss per common share of $(0.27) (compared with a net loss per common share of ($0.02) in Q3 2022 and net earnings per common share of $1.04 in Q4 2021). 2022 Annual Highlights *Sales of $4,466 million (compared with $3,956 million in 2021) *Operating income of $33 million (compared with $50 million in 2021) *Net loss per common share of $(0.34) (compared with net earnings per common share of $1.60 in 2021)
Read More

RRD Agrees to Sell its Canadian Operations to DATA Communications Management Corp.

R.R. Donnelley & Sons Company announced that it has entered into a share purchase agreement with DATA Communications Management Corp. Under the terms of the Purchase Agreement DCM will acquire RRD’s Canadian operations. DCM will acquire all the issued and outstanding shares of Moore Canada Corporation. “Combining our business with DCM is a strategic opportunity to broaden our existing offering to customers across a variety of industries,” said Rael Fisher, President, RRD Canada. “We look forward to this new chapter in our longstanding history in Canada as part of DCM.”
Read More

YETI Reports Fourth Quarter and Fiscal Year 2022 Results

Fourth Quarter 2022 Results - Sales increased 1% to $448.0 million, compared to $443.1 million during the same period last year. Sales include a $38.4 million unfavorable impact related to the voluntary recalls, which impacted certain products in Coolers & Equipment. Gross profit decreased 34% to $167.0 million, or 37.3% of sales, compared to $254.8 million, or 57.5% of sales, in the fourth quarter of 2021. Gross profit included a $97.0 million, or 1,700 basis points, unfavorable impact related to the voluntary recalls. Gross profit was also negatively impacted by higher inbound freight, higher product costs, and the unfavorable impact of foreign currency exchange rates, partially offset by favorable channel mix and the price increases implemented in the first quarter of 2022. Full Year 2022 Results - Sales increased 13% to $1,595.2 million, compared to $1,411.0 million in the prior year. Sales include a $38.4 million unfavorable impact related to the voluntary recalls, which impacted certain products in Coolers & Equipment. Gross profit decreased 6% to $763.4 million, or 47.9% of sales, compared to $816.1 million, or 57.8% of sales in the prior year. Gross profit included a $97.0 million, or 480 basis points, unfavorable impact related to the voluntary recalls. Gross profit was also negatively impacted by higher inbound freight, higher product costs, and the unfavorable impact of foreign currency exchange rates, partially offset by the price increases implemented in the first quarter of 2022.
Read More

Gannett Announces Fourth Quarter 2022 Results

Fourth Quarter 2022 Financial Highlights: • Total revenues of $730.7 million decreased 11.6% compared to the fourth quarter of 2021 ◦ Same store revenues(2) decreased 10.3% compared to the fourth quarter of 2021 • Total digital revenues were $269.2 million or 36.8% of total revenues, down 0.4% over the same period in the prior year on a same store(2) basis mainly as a result of declines in digital media year-over-year • Net income attributable to Gannett of $32.8 million, an income margin of 4.5%
Read More

UK Court Rules: Online News Services Are Not ‘Newspapers’ (mediapost.com)

The global debate over what constitutes a publication may have received some clarity in the UK, although it is not likely to make anyone happy. Britain’s top court ruled that Rupert Murdoch’s News Corp. cannot claim its online publications are “newspapers,” which are not responsible for value-added tax (VAT), Reuters reports. A Murdoch spokesperson told Reuters that "Four courts have now considered the position and all found that the print and digital editions had fundamentally the same public purpose required to justify a zero rating and provided the same content.” This decision effectively negates that. News Corp. hoped to recoup more than 35 million pounds paid between 2010 and 2016,” Reuters continues.
Read More

Repeal Heavy-Duty Excise Tax and Get Cleaner Trucks on Our Roads, Transportation Groups Urge Congress

A group of transportation and trucking stakeholders is calling on Congress to repeal the Federal Excise Tax (FET) on heavy-duty commercial vehicles. This century-old tax is impeding the deployment of cleaner, more environmentally friendly trucks on our nation's roads, according to a letter from the American Trucking Associations, American Truck Dealers, and Zero Emission Transportation Association sent to Congressional leadership. The heavy-duty excise tax was established in 1917 to defray the costs of World War I and today adds 12% to the cost of a new truck, creating a major disincentive for trucking fleets small and large to modernize their equipment and replace older tractors with new, low-emission power units. The FET can add more than $50,000 to the price of the latest low- or zero-emission vehicle, making these investments cost-prohibitive for smaller fleets. Over 90% of U.S. motor carriers operate six or fewer trucks. “If Congress is serious about safety, the environment and jobs, then repealing the FET should be front-burner," said ATA President and CEO Chris Spear. "It’s time to shelve this World War I era tax and starting putting the best equipment on our roads.”
Read More

Metsä Group has revised its strategic sustainability targets

Metsä Group has revised its 2030 sustainability targets as part of the Group’s strategy work. The revision of the targets is a step towards a fossil free and waste-free future that bolsters nature. The company’s climate actions are based on both global climate change mitigation and adapting to it in Finland’s changing climate. Focusing on the most essential sustainability issues, the targets cover all of Metsä Group’s operations and will also affect supply chains. In particular, Metsä Group is working to increase measures improving forests’ natural biodiversity and health as well as measures promoting fossil free production. The 2030 targets are monitored with a comprehensive, more than doubled set of indicators. “Metsä Group is committed to safeguarding natural biodiversity, mitigating climate change and promoting the sustainable use of natural resources, healthy workplace communities and ethical operations. We must be able to take even more action to secure a sustainable future,” says Ilkka Hämälä, Metsä Group’s President and CEO.
Read More

Smurfit Kappa launches first tap on the market with attached tamper protection

Smurfit Kappa has patented a new innovative Vitop® Uno tap which is the first tap in the Bag-in-Box market to have attached tamper protection. The new tap design is compliant with the forthcoming Single Use Plastics Directive as it does not require the consumer to remove the tamper protection. Instead, it is deactivated when the product is first used and remains an integral part of the tap without affecting the subsequent use of the Bag-in-Box® product. This innovative solution eliminates the possibility of the tamper protection plastic ending up in the environment which can happen with detachable tamper protections. After use, the consumer can easily separate the box from the bag with the tap and send them for recycling in accordance with their country's recycling regulations.
Read More

Supremex Announces Solid Q4 2022 Results

Fourth Quarter Financial Highlights and Recent Events • Total revenue increased by 19.0% to $78.8 million, from $66.2 million in the fourth quarter of 2021. • Envelope segment revenue was up 30.1% to $60.7 million, from $46.7 million in the fourth quarter of 2021. • Packaging & specialty products segment revenue declined by 7.6% to $18.1 million, from $19.6 million last year, largely as a result of the wind down of Durabox and the relocation of folding carton operations. • Net Earnings increased 36.0% to $6.7 million, from $4.9 million in the fourth quarter of 2021. • Acquisitions of Royal Envelope Corporation (“Royal Envelope”), on November 1, 2022, and Impression Paragraph Inc. (“Paragraph”), on January 16, 2023.
Read More

Pulp and Paper Workers Advocate for Forest Products Industry

Seven Domtar colleagues joined nearly 90 other pulp and paper workers from across the United States in Washington, D.C. in February to educate elected officials and advocate for our industry. The employees took part in a fly-in sponsored by the Pulp & Paperworkers’ Resource Council (PPRC), a grassroots organization of hourly employees in the forest products industry. The PPRC brings pulp and paper workers to the capital annually to speak with members of Congress and administrative officials at the U.S. Environmental Protection Agency (EPA), the Office of Management and Budget, and other government agencies on issues affecting American manufacturing jobs in the industry. This year, the group made more than 550 visits with members of Congress and administrative officials to discuss the effects of legislative and regulatory decisions on the environment and on people who make their living in forest products manufacturing. These pulp and paper workers represented 57 mills in 22 states.
Read More

Mondi reports full year results for year ended 31 December 2022

Highlights • Strong financial performance from continuing operations ◦ Underlying EBITDA of €1,848 million, up 60% (2021: €1,157 million), with underlying EBITDA margin of 20.8% (2021: 16.6%) ◦ Profit before tax of €1,560 million, up 119% (2021: €712 million) ◦ Cash generated from operations of €1,292 million, up 29% (2021: €1,001 million); strong balance sheet with leverage (net debt to underlying EBITDA) of 0.5 times • €1 billion expansionary capital investment pipeline on track to deliver growth across our packaging businesses • Good progress made on our sustainability roadmap, Mondi Action Plan 2030 (MAP2030) ◦ Science-based Net-Zero targets validated • Completed sale of the Personal Care Components business • Agreed sale of Russian assets, with regulatory approval process ongoing
Read More

Sustana’s GHG Emissions Reduction Goal Approved by The Science Based Target Initiative (SBTi)

Sustana is thrilled to join the ranks of hundreds of companies with GHG emission reduction targets approved by the Science Based Targets initiative (SBTi) and in line with limiting global average temperature rise to 1.5° C. We committed to reduce absolute Scope 1 and Scope 2 GHG emissions 42% by 2030 from a 2021 base year and have pledged to measure and reduce Scope 3 emissions. "Sustainability has always been at the root of Sustana's identity, and this commitment furthers our mission to mitigate climate change and be good stewards of the environment," said Fabian de Armas, Chief Executive Officer for Sustana.
Read More

FSC Remedy Framework receives Board approval

This framework applies to: *Organizations who have violated the Policy for Association, version 2 and wish to become associated with FSC. *Organizations who have been disassociated from FSC and wish to become eligible for re-association. *Organizations who wish to gain forest management certification for land that was converted between 1 December 1994 and 31 December 2020. Some of the key features of the Remedy Framework are: *Two types of requirements to ensure that site level harms are addressed, as well as system level transformations are made (by corporate groups who wish to associate with FSC) to prevent recurrence. *Identification of stakeholders and rightsholders. *Inclusive and participatory dialogue processes leading to agreements on remedy actions. *Best practice justifications of selected remedy actions. *Key roles in the remedy process for independent, third-party, and/or expert involvement. *The proper application of Right to Free, Prior and Informed Consent (FPIC). *Development of grievance mechanisms compliant with the United Nations Guiding Principles on Business and Human Rights.
Read More

ATA Truck Tonnage Index Increased 0.7% in January

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.7% in January after increasing 1% in December. In January, the index equaled 117.1 (2015=100) compared with 116.2 in December. ATA recently revised the seasonally adjusted index back five years as part of its annual revision. “Tonnage has increased nicely in the last couple of months,” said ATA Chief Economist Bob Costello. “I suspect that some of the gain is attributable to capacity coming out of the network, especially those carriers that primarily operate in the spot market and/or bought expensive used equipment in the last couple of years. This would push more freight to contract carriers, which dominate this index. "It could also be that freight bottomed and is coming up a little too. So, the gain is likely a little higher demand and a little less supply. Despite the increases in December and January, tonnage is still off 1.4% from its recent high in September," Costello said.
Read More

Quad reports fourth quarter and full-year 2022 results

Results for the fourth quarter ended December 31, 2022, include: • Net Sales — Net Sales were $885 million in the fourth quarter of 2022, an increase of 4% compared to the same period in 2021. • Net Loss — Net Loss was $9 million in the fourth quarter of 2022, an improvement of $12 million compared to the fourth quarter of 2021, which had a Net Loss of $21 million. Results for the year ended December 31, 2022, include: • Net Sales — Net Sales were $3.2 billion in 2022, up 9% from the same period in 2021, or up 11% year-over-year excluding the impact of the QuadExpress divestiture. • Net Earnings — Net Earnings were $9 million in 2022 as compared to Net Earnings of $38 million in 2021.
Read More

Nova Scotia Innovation Hub Announces Project to Highlight Nova Scotia Bioeconomy Sector

The Nova Scotia Innovation Hub (NSIH) is announcing the launch of a new initiative aimed at promoting Nova Scotia’s extensive bioeconomy infrastructure to audiences around the world. The Bioeconomy Sites Project showcases industrial sites across the province to national and international firms in the low-carbon renewable resource sector. “Nova Scotia’s vibrant renewable resource sectors make it an excellent location for biotechnology and bioresource firms,” says Geoffrey Clarke, Director of Business Development for Port Hawkesbury Paper, one of the locations profiled on the site. “This exciting new medium will showcase Nova Scotia to international investors and encourage innovation and collaboration within the province.”
Read More

Public consultation: Latvian forest certification system

Stakeholders from around the world are invited to give feedback on the revised Latvian PEFC Certification System. Deadline for comments is 20 April. Give your feedback. PEFC Latvia revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. See all system assessment details at https://pefc.org/discover-pefc/our-pefc-members/national-members/pefc-latvia . The Latvian 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.
Read More

Drytac welcomes France-based ID Numérique as new branded dealer partner

Drytac, the leading international manufacturer of self-adhesive materials for the large-format print and signage markets, is delighted to announce France’s ID Numérique as its latest branded dealer partner. A specialist distributor of materials and consumables for large-format digital printing, ID Numérique is a highly trusted and reputable name in the French market, working with customers across the country on all manner of projects. As a Drytac branded dealer partner, ID Numérique will offer a wide range of Drytac’s market-leading products to both new and existing customers in France.
Read More

Mactac® Spartanburg Receives ISO 9001:2015 Quality Management Certification

Mactac® announces that its Spartanburg, S.C. facility, which is the most innovative pressure-sensitive materials manufacturing site in the U.S., has earned ISO 9001:2015 quality management certification. “Having the ISO 9001 certification signifies that Mactac has a systematic quality management system in place and that it is working,” says James Houser, Mactac Spartanburg Quality Assurance Manager. “This is a big deal for our customers. It assures them that Mactac has knowledgeable, trained, and experienced operators who are dedicated to producing quality products. It also provides a foundation for a quality-driven future.”
Read More

Swedish forest certification system submitted for assessment

The Swedish National 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 27 February to 27 April 2023. PEFC Sweden 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 27 February at 10:00 CET. Register for the webinar at: https://us02web.zoom.us/meeting/register/tZApce-rrzouGtHPI9x05DXb_Gzr0xDxCqdm
Read More

Huhtamaki acquires full ownership of its foodservice distribution joint venture in Australia

Huhtamaki has acquired full ownership of Huhtamaki Tailored Packaging Pty Ltd (HTP), the Australian foodservice packaging distribution and wholesale group. HTP employs more than 130 people and is today one of the largest importers and distributors of foodservice packaging in Australia serving a wide network of customers including metropolitan and regional packaging wholesalers, food wholesalers, club and hospitality suppliers, and national quick service restaurant businesses.
Read More

Stora Enso invests EUR 30 million to reduce CO2 emissions in fluting production

Stora Enso will invest approximately EUR 30 million in its Heinola Fluting site in Finland to renew the energy set-up and process equipment. After the investment, the site can replace also the remaining fossil-based fuels with renewable bioenergy. This will reduce the site’s greenhouse gas emissions with more than 90%. "This investment supports Stora Enso’s emissions target, enabling our carbon footprint to reach the lowest levels on the market for Nordic semi-chemical fluting board. As a result, we can help our customers to become more environmental-friendly while at the same time providing them with our premium quality fluting product”, says Henna Pääkkönen, Head of Containerboard Business Unit at Stora Enso Packaging Materials.
Read More

$30 Million Investment Will Modernize Georgia-Pacific’s Corrugated Plant in Owosso, Michigan

Georgia-Pacific is making a significant investment at its corrugated plant in Owosso, Michigan. Newer equipment will improve the plant's throughput and print capability to better meet customer needs. The upgrades include a new corrugator, converter, single facer, preheater, glue machine, and control systems as well as an upgrade to the existing single facer and unitizer. By enabling the double wall capability, Owosso will be able to expand its customer base and provide expanded products to current customers. “The investment in the Owosso plant is part of our strategy to be the preferred partner of our customers and will help us continue to expand our product offerings with superior service and quality,” said Bill Smith, Georgia-Pacific’s area general manager.
Read More

ANDRITZ to supply TAD tissue machine to Procter & Gamble, Box Elder, Utah mill, USA

The new PrimeLineTAD machine will be supplied with state-of-the-art energy efficient process equipment to meet P&G’s demanding sustainability targets. ANDRITZ and Procter & Gamble have been strong business partners for many years. In 2007, ANDRITZ supplied and started up a TAD tissue/towel machine at Procter and Gamble’s Green Bay, Wisconsin, USA site that fully met P&G’s expectations. This was followed by another TAD tissue/towel machine at Procter and Gamble’s Box Elder facility, which started up successfully in 2011. Procter and Gamble, one of the largest manufacturers of premium consumer bath tissues and paper towels in North America, produces the brands of Charmin, Puffs, and Bounty.
Read More

Postal Service Delivery Continues to Average 2.5 Days

FY23 second quarter service performance scores covering Jan. 1 through Feb. 10 included: *First-Class Mail: 90.9% of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter. *Marketing Mail: 94.3% of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter. *Periodicals: 86.2% of Periodicals delivered on time against the USPS service standard, an increase of 1.5 percentage points from the fiscal first quarter.
Read More

Book Manufacturers’ Institute Releases Industry Barometer Survey Results for February

The Book Manufacturers’ Institute (BMI) released the February results for its monthly survey on capacity and lead times for soft cover and hard cover books. This month’s survey also featured an update to the questions, factoring in both digital and offset printing methods. In looking at digital printing, the average hard cover capacity is only 59%. That is well below the January overall capacity number. Lead time for digital hard cover books is only 21 days. Digital soft cover books are running at 68% capacity and 17 days lead time. Both of those numbers are less than the overall January numbers as well. According to responses regarding offset printing, hard cover manufacturers are running at 76% of their capacity, with a 40 day lead time. The average soft cover capacity usage is 82% which is higher than the January overall average. Offset soft cover lead time is 27 days, continuing the trend of overall soft cover lead times going down.
Read More

GroupM Unveils ‘Channel-Level’ Carbon Calculator, Factors All Media In The Mix (mediapost.com)

Months after rolling out a carbon calculator to estimate and influence the carbon impact of digital media buys, GroupM this morning unveiled a new version capable of measuring the carbon footprint of its client's media buys across various media -- both digital and analog. The new "Channel-Level Carbon Calculator" was developed in partnership with carbon impact researcher Scope3, and GroupM currently is working with it to engineer a new media-planning API (applications protocol interface) that any agency or advertiser will be able to integrate into their media-processing tech stack to seamlessly ingest Scope3's data in order to adjust their media mix or specific suppliers that do a better job of complying with their goals of reducing carbon emissions in their advertising and media buys. While GroupM will have a "first-to-market" access to the API for a period of time, the WPP unit said the plan is for it to be "open source" for the entire industry to use.
Read More

EcoVadis confirms Mondi’s leading sustainability practices with Platinum rating

Mondi, a global packaging and paper manufacturer, has maintained its Platinum status in EcoVadis’ Corporate Social Responsibility (CSR) ratings for the seventh consecutive year. The Group’s overall score of 84% places Mondi among the top 1% of global companies assessed. "As a trusted global platform for sustainability and corporate social responsibility ratings, EcoVadis is particularly useful to support our engagement with customers who request access to our disclosures. Being again rated among the top 1% of companies globally, recognises our continuous efforts to embed sustainability principles more deeply throughout our organisation and our value chain" Gladys Naylor, Mondi Group Head of Sustainable Development
Read More

USPS Warns the Public About Surge In Use of Counterfeit Postage

In recent years, a surge in the use of counterfeit postage has been found in the mail stream. The intentional use, or sale, of counterfeit postage is a crime because it seeks to obtain services without payment. This activity reflects an intentional effort to defraud the Postal Service of the funds it needs to provide services to the public. In response to this problem, the Postal Service is filing a federal register notice about changes to the Mailing Standards of the United States Postal Service, Domestic Mail Manual (DMM®), that will allow the Postal Service to treat items found in the mail stream bearing counterfeit postage as abandoned. “As the most trusted government agency in the nation, we will continue to work together with other law enforcement and government agencies to protect the sanctity of the mail,” said Chief Postal Inspector Gary Barksdale.
Read More

ATA Warns Congress Against Allowing California to Set National Emissions Rules

American Trucking Associations President and CEO Chris Spear told Congress that the industry needed realistic national timelines and targets to reduce emissions, rather than allowing California and other states to drive standards. “The trucking industry starts with ‘yes,’" Spear testified before the Senate Environment and Public Works Committee today. “ATA worked with the Environmental Protection Agency, producing Phases I and II emission reduction rules, as well as the SmartWay Transport Partnership – which has been a model of public-private cooperation. To date, 98.5% of all emissions have been removed from our tailpipes. In fact, 60 trucks today emit what one truck emitted in 1988.” Spear emphasized that those gains, which include reductions of millions of tons of carbon, nitrogen oxide and particulate matter emissions, were the result of collaborative regulatory processes and realistic goals.
Read More

Greenwash Claims Flushed Away, The BBC vs Serious Tissues

With increasing awareness of companies making misleading environmental claims, there are more and more instances of the media calling out greenwashing. The latest example of this positive trend is the BBC’s More Or Less programme on Radio 4, which investigated a recent marketing claim by Serious Tissues. The company, which produces a range of tissue products, ran a radio ad that stated: “15% of global deforestation is from toilet rolls alone. But switch to Serious Tissues and they don’t cut down trees. In fact, Serious Tissues plant a tree for every roll sold.” Following the ad campaign, a number of Radio 4 listeners wrote to More or Less, taking issue with the 15% figure and asking the team to investigate and find out whether that figure was true. On January 29, journalist Charlotte McDonald presented the results of their findings.
Read More

Pactiv Evergreen and AmSty Launch Circular Polystyrene Food Packaging Products

To help major food brands achieve important sustainability goals, Pactiv Evergreen, a leading manufacturer of fresh food and beverage packaging in North America, is teaming up with AmSty, the leading manufacturer of polystyrene in North America and a pioneer in circular recycling of polystyrene. Pactiv Evergreen will soon offer customers innovative foam polystyrene packaging products with AmSty’s post-consumer recycled content derived from advanced recycling technologies. “Pactiv Evergreen produces thousands of products in more than a dozen materials that protect, package and display fresh food and beverages,” said Eric Wulf, president of Pactiv Evergreen’s food merchandising business unit. “Our broad material expertise enables us to support our customers quickly and effectively as they seek more sustainable products. Our collaboration with AmSty expands our portfolio of circular packaging, and we’re pleased to offer this solution to our customers.”
Read More

Diversified Labeling Solutions Adds RFID Label Converting Capabilities

Diversified Labeling Solutions, a national converter of pressure-sensitive labels, has expanded its RFID label business with the addition of a new Mark Andy flexographic press with an inline Tamarack RFID inserter. As a leading national label supplier, DLS has seen significant growth in the demand for RFID labels. To continue to meet customer demand, and bring RFID label conversion inhouse, DLS has installed a new 13” 4-color Mark Andy 2200 flexographic press with three die cutters, a perforation station and an inline Tamarack P500 RFID module. The new equipment is installed in DLS’ Itasca, IL facility and adds to DLS’s already significant production portfolio. With five nationwide locations, DLS maintains a fleet of over 50 presses including flexographic, UV digital, HP Indigo and hybrid printing equipment.
Read More

Stora Enso and Valmet collaborate to develop next-generation lignin

Stora Enso and Valmet have started collaborating on next-generation lignin product and process development to drive Stora Enso’s lignin-based businesses and further improve the performance of the Valmet LignoBoost technology. The objective of the partnership is to further develop the quality and customer value of lignin, increase the supply by optimised process machinery and asset design, and to accelerate the speed of meeting the growing lignin demand of the future. In biomaterials innovations, where Stora Enso’s agenda is focused on lignin, we bring innovative and sustainable materials to the market to replace fossil-based materials. Through know-how, strategic collaborations, and partnerships, we work to accelerate breakthrough innovations in areas such as lignin-based carbon for energy storage and bio-binders. Already today, wood-based lignin replaces fossil-based materials in asphalt, plywood, furniture panels, and dyestuff, to name a few.
Read More

Modern Litho Names Mark Gerling VP of Sales

Modern Litho, a full-service commercial printer and mailer based in Jefferson City, Missouri with additional production facilities in St. Louis and Kansas City, has announced the appointment of Mark Gerling to Vice President of Sales. Hired for this role in 2020, Gerling was on special assignment for the past three years through the disruption and aftermath of the pandemic. He will now lead the Modern Litho sales teams on a local, regional and national level while continuing to focus on developing catalog and publication reseller relationships.
Read More

Supremex Announces the Acquisition of Impression Paragraph Inc.

Supremex Inc., a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions, announced the acquisition of the shares of Impression Paragraph Inc., an integrated provider of paper-based packaging, print and point of sale products for a broad range of commercial markets. The transaction was concluded for a total consideration of approximately $26.6 million, on a cash-free and debt-free basis, subject to customary adjustments, financed through the Company’s existing credit facility. Founded more than 35 years ago, Paragraph operates two facilities located in Ville-Saint-Laurent and Saint-Hyacinthe, Québec. Its offering consists primarily of folding carton packaging and point-of-sale displays for the cosmetic, pharmaceutical, food, confectionary and retail sectors. It also provides an array of commercial, digital and wide-format printing. For the 12-month period ended October 31, 2022, Paragraph generated sales of approximately $38.6 million.
Read More

Australia’s white paper industry is dead, leaving rural communities to pick through the pulp (theguardian.com)

The last remaining manufacturer Opal will cease production of Reflex at the Maryvale mill, with up to 200 jobs in doubt. The M5 occupies a shed nearly half a kilometre long, turning forest pulp into tonnes of Reflex white copy paper daily. Last financial year it produced 116,000 tonnes of copy paper for the domestic market, plus 88,000 tonnes for export. In December it was switched off indefinitely. Workers signed the final roll with “last one” and “RIP M5”. The mill produced its last ream of copy paper in January. On Tuesday Reflex’s manufacturer, Opal, announced it would close the M5 and cease Reflex paper production permanently. Its packaging lines of brown kraft paper and paperboard will continue.
Read More

Tronox Reports Fourth Quarter and Full Year 2022 Financial Results

Tronox Holdings plc , the world’s leading integrated manufacturer of titanium dioxide pigment, reported its financial results for the quarter ending December 31, 2022: Fourth Quarter 2022 Financial Highlights: *Revenue of $649 million *Income from operations of $36 million; Net loss of $14 million *Adjusted EBITDA of $113 million. Full Year 2022 Financial Highlights: *Total revenue of $3,454 million *Income from operations of $458 million; Net income of $500 million (includes $301M of tax valuation allowance reversals) *Adjusted EBITDA of $875 million; *GAAP diluted EPS of $3.16; *Capital expenditures of $428 million *Reduced total debt to $2.5 billion
Read More

Transport Workers’ Union strike impact in Finnish ports

Finnish Transport Workers’ Union AKT has begun their strike impacting all Finnish ports and terminals on 15.2. at 6 AM until further notice. The negotiating parties did not reach an agreement and negotiations will recommence later this week. All vessel operations in Finnish ports, gate moves and handling of containers within terminals are now suspended until further notice.
Read More

Sylvamo Enters Into Cooperation Agreement, Appoints Two New Independent Directors

Sylvamo's board of directors entered into a cooperation agreement with Atlas Holdings, its largest shareowner, adding two new independent directors to its board. Effective March 1, Sylvamo will add Karl Meyers and Mark Wilde, expanding the company's board to 11 directors. "We look forward to welcoming Karl and Mark to our board," said Jean-Michel Ribiéras, chairman and chief executive officer. "They will bring valuable expertise to Sylvamo." The cooperation agreement includes customary restrictions and voting commitments. Sylvamo will nominate Meyers and Wilde for election with its other directors during its 2023 annual shareowners meeting. The board also determined it would terminate Sylvamo's shareholder rights plan immediately.
Read More

Clearwater Paper Reports Fourth Quarter and Year End 2022 Results

2022 FOURTH QUARTER HIGHLIGHTS *Operational and weather-related issues impacted paperboard operations *Completed planned major maintenance at the Lewiston, Idaho facility *Net loss of $6 million, or $0.34 per diluted share and Adjusted EBITDA of $28 million *Net sales of $527 million, up 8% compared to the fourth quarter of 2021. 2022 FULL YEAR HIGHLIGHTS *Delivered strong performance due to robust demand for paperboard products *Net income of $46 million *Net sales of $2.1 billion, up 17% compared to 2021 due to higher pricing and stronger tissue volumes *Net debt reduction of $108 million in the year, $377 million since 2020
Read More

IAC Reports Q4 2022 Results

Q4 2022 Highlights: * Angi Inc. revenue increased 6% year-over-year to $442 million, operating loss increased to $60 million (compared to a loss of $29 million in Q4 2021) and Adjusted EBITDA increased to $16 million (compared to a loss of $3 million in Q4 2021). * Dotdash Meredith Digital revenue was $260 million and Print revenue was $224 million. Pro Forma revenue decreased 26% due to 14% Digital declines and 36% Print declines. o Operating loss of $9 million and Adjusted EBITDA of $73 million in Q4 2022 reflect $21 million of restructuring charges and transaction-related items *Emerging & Other revenue decreased 16% year-over-year to $177 million, operating income increased 583% to $8 million and Adjusted EBITDA increased 2% to $12 million. Q4 revenue reflects: o The sale of Bluecrew on November 9, 2022, and 34% lower IAC Films revenue o 53% growth from Vivian Health and 3% growth from Care.com
Read More

KNP Litho join Two Sides to promote sustainable print and mailing solutions

The print and paper advocacy group, Two Sides, is excited to announce its newest member, KNP Litho, a sustainable print partner delivering wide ranging print and mailing solutions. “We’re delighted KNP Litho are now a member of Two Sides. We know what we do as a business, and what our customers do, impacts on the environment. And that responsibility is something we take seriously. Which is why we’re always considering the impact of our actions – whether that’s the raw materials we use, the suppliers we work with, or our energy sources – and constantly seek greener solutions that minimise our impact and that of our customers. Joining Two Sides now gives us a number of new ways we can communicate to our customers just how sustainable print as a communications method really is.” says Graham Taylor, Director of Sales for KNP Litho.
Read More

With Pet Ownership on the Rise, the Pet Food and Supplies Industry is Barking up the Right Side of the Tree

It’s no secret that the last few years have had their challenges – tightening economic conditions, supply chain constraints and the ongoing global pandemic to name a few. One of the bright spots for many was the opportunity to welcome a new four-legged family member into their home, – or simply spending more time spoiling their furry friends. With increased time at home, pet ownership skyrocketed, - as did the need for pet essentials. It makes sense that the pet food and supplies industry has experienced continuous growth. In fact, by 2026, U.S. households are expected to provide homes to roughly 195 million cats and dogs alone. As people continue to bring new pets into the home at an increasing rate the demand for pet supplies (and pet food and medicine in particular) naturally continues to increase.
Read More

Kruger Packaging Announces Important Transformation Project At Its Place Turcot Mill

Kruger Packaging announced investments of over $30 million to modernize its Place Turcot Containerboard Mill in Montréal. With this important transformation to be completed in 2025, the Place Turcot facility will be the first in North America to manufacture 100% recycled saturating kraft board, a product that is used to make high-pressure laminates for furniture, countertops and decorative paneling. In support of this innovative project, the government of Canada is contributing $10 million through the Investments in Forest Industry Transformation (IFIT) program, while the Québec government is providing a combined sum of more than $3 million through the Innovation Bois Program, as well as the ÉcoPerformance program, which stems from the 2030 Plan for a Green Economy. In addition to eco-friendly saturating kraft board, Place Turcot will make other specialty products from 100% recycled fibres, including gypsum board paper, customized board for residential construction, folding box board for FDA-compliant food packaging, and white top linerboard.
Read More

USPS Reports Q1 Fiscal Year 2023 Results; Includes Marketing Mail Volume Decline (piworld.com)

The U.S. Postal Service announced its financial results for the first quarter of fiscal year 2023 (Oct. 1, 2022 - Dec. 31, 2022). The Postal Service's operating revenue was $21.5 billion for the quarter, an increase of $206 million, or 1.0 percent, on a volume decline of 1.7 billion pieces, or 4.8 percent, compared to the same quarter last year. Marketing Mail revenue decreased $106 million, or 2.4 percent, on a volume decline of 879 million pieces, or 4.7 percent, compared to the same quarter last year. Revenue declined at a lesser rate than volume due to price increases. Marketing Mail has been challenged by commercial mailers’ increasing use of digital and mobile advertising, which was accelerated by the pandemic. Nevertheless, Marketing Mail has generally proven to be a resilient marketing channel, and its value to U.S. businesses remains strong due to customer returns on investment and better data and technology integration.
Read More

States Consider Bills To Subsidize Local Newspaper Subscriptions (mediapost.com)

States apparently are getting tired of waiting for national legislation that would support local journalism. The Massachusetts legislature, to name one, is mulling a bill that would provide a tax credit to reimburse the cost of local newspaper subscriptions. To benefit from this, a local print or digital publication would have to primarily serve the local community and consist of content derived from primary sources and relating to news and current events. It would also have to employ at least one local news journalist who resides in the community.
Read More

Latvian forest certification system submitted for assessment

The Latvian PEFC 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 20 February to 20 April 2023. PEFC Latvia 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 20 February at 10:00 CET.
Read More

Aptar Again Receives Platinum Rating from EcoVadis

Aptar has again achieved the Platinum level rating in recognition of its sustainability efforts from EcoVadis. The Platinum rating places Aptar among the top 1% of the more than 90,000 companies rated by EcoVadis across all industries. “We are extremely proud to once again achieve Platinum status from EcoVadis due to our continued progress in key sustainability areas of environmental stewardship, labor and human rights, ethics and sustainable procurement,” said Stephan B. Tanda, Aptar President and CEO. “This recognition reflects our shared values: to act ethically and responsibly, to foster a diverse team and capitalize on this strength, to care for each other and our planet, to source renewable energy, and to further a circular economy where packaging is reused and recycled.”
Read More

Promising field runs with the Centipede forest machine on SCA land

For a few weeks, SCA has been test-driving the Centipede concept machine, which Komatsu and eight Swedish forestry companies are jointly developing. The machine is seen as the sustainable forest machine of the future and combines lower soil compaction, increased productivity and better work environment. “There are many possibilities with the machine”, says Thomas Persson, business developer at SCA Skog and one of two test drivers. The work to develop the Centipede machine is one of forestry's most important development projects where the issue of sustainability is central. The machine is intended to be able to meet the climate of the future and the challenges arising from increasingly shorter periods of frozen grounds.
Read More

Trioworld invests to significantly increase UK stretch film capacity

Trioworld expands its capacity in the United Kingdom through a substantial investment in automated production equipment for hand stretch film. This will enhance our ability to serve the market more efficiently throughout the UK and Europe. In 2022, Trioworld acquired both Eurofilms and Quality Films, now merged into Trioworld UK, creating a strong position across the country. With this investment, Trioworld UK further strengthens its capacity and the consistent supply of natively produced high-performance conventional and pre-stretched hand film.
Read More

Mill Rock Packaging Acquires Keystone Paper & Box Company

Mill Rock Packaging Partners LLC announced that it has acquired Keystone Paper & Box Company, a leading specialty packaging company that manufactures custom folding cartons for consumer and healthcare end markets. Mill Rock Packaging, formed by Mill Rock Capital in 2020, is a growth-oriented specialty packaging company focused on leading design, innovation and technology, with strong operational capabilities and unparalleled customer service. The transaction marks Mill Rock Packaging's expansion to the Eastern U.S. and its fourth acquisition. In connection with the transaction, Keystone's leadership team has made a significant investment in Mill Rock Packaging. Management will remain with the company. Terms of the transaction were not disclosed.
Read More

Solenis is Platinum Again in EcoVadis Ratings for Corporate Social Responsibility

For the second consecutive year, Solenis has earned the Platinum Recognition Level for Corporate Social Responsibility (CSR) performance from EcoVadis, a collaborative platform providing sustainability ratings and performance improvement tools for global supply chains. “We are quite proud that our global commitment to sustainability has resulted in the prestigious Platinum status once again,” said Dr. Daniel Grell, Chief Safety, Regulatory and Quality Officer at Solenis. “Once you have achieved this level, it becomes more difficult to maintain, with additional questions to answer and criteria to meet. All companies are striving to improve year after year, so it gets increasingly harder to be part of the one percent.
Read More

Strike threat in the transport sector in Finland

Negotiations on the collective agreements of the Finnish Transport Workers Union AKT continue today, February 13, 2023. Wage negotiations are also going on for truck drivers and terminal workers. If agreements cannot be reached, the entire Finnish transport industry is threatened with a large-scale strike, which, if implemented, will significantly affect the flow of freight traffic. Due to ongoing overtime ban at the Finnish ports, one ferry service between Germany and Finland has been cancelled today. Your road transport contact persons will provide more information about possible delays to shipments.
Read More

Sylvamo Delivers Strong Earnings in First Full Year

Financial Highlights - 2022 Full Year: *Net income from continuing operations of $336 million ($7.57 per diluted share) *Cash provided by operating activities from continuing operations of $418 million *Board of directors initiated a quarterly dividend of $0.1125 per share, paid for in the third and fourth quarters for a total of $10 million *Repurchased 1,556,835 shares of our common stock for approximately $80 million in the fourth quarter, resulting in 42.6 million shares outstanding as of Dec. 31
Read More

The Holy Grail: Brand Loyalty

As marketers, we work really hard to make buyers aware of us, and even harder to make them buy from us. Now, we're faced with the ongoing challenge of how to keep them coming back. The real question is: How do we make them loyal? How do we turn them into brand advocates? Want to create brand loyalty? Think of marketing, branding, and customer experience differently. Watch video at: https://www.jschmid.com/blog/the-holy-grail-brand-loyalty/
Read More

RRD Expands Diagnostic Test Kits Solution to Meet Accelerated Demand for At-Home Testing

R.R. Donnelley & Sons Company announced the extended portfolio of end-to-end services to support at-home testing. These services enable diagnostic device, at-home healthcare, health insurance, and point-of-care testing companies in their efforts to keep pace with the evolution of healthcare. As the pandemic disrupted supply chains, it also shifted consumer preferences and accelerated adoption of at-home and digital healthcare. For many test manufacturers and healthcare companies, a number of challenges (e.g., labor constraints, infrastructure limitations, inventory visibility, supply irregularity, compliance, complex IT requirements, etc.) continue to stand in the way of bringing innovative new products and solutions to market.
Read More

S&P Global Reports 4th Quarter and Full-Year 2022 Results

Fourth quarter GAAP net income decreased 36% to $433 million and GAAP diluted earnings per share decreased 52% to $1.33 driven by continued declines in Ratings revenue and amortization of acquired intangibles. For the full year, reported revenue increased 35% to $11.18 billion. 2022 GAAP net income increased 7% to $3.25 billion and GAAP diluted earnings per share decreased 18% to $10.20.
Read More

USPS Service Performance Remains Steady At 2.5 Days

FY23 second quarter service performance scores covering Jan. 1 through Feb. 3 included: *First-Class Mail: 91.8% of First-Class Mail delivered on time against the USPS service standard, an increase of .8 percentage point performance from the fiscal first quarter. *Marketing Mail: 94.3% of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter. *Periodicals: 86.3% of Periodicals delivered on time against the USPS service standard, an increase of 1.7 percentage points performance from the fiscal first quarter.
Read More

The New York Times Company Reports Fourth-Quarter 2022 Results

The New York Times Company announced fourth quarter 2022 diluted earnings per share from continuing operations of $.43 compared with $.41 in the same period of 2021. Adjusted diluted earnings per share from continuing operations (defined below) was $.59 in the fourth quarter of 2022 compared with $.43 in the fourth quarter of 2021. Operating profit decreased to $93.0 million in the fourth quarter of 2022 from $94.1 million in the same period of 2021 as higher digital subscription revenues at The New York Times Group segment (“NYTG”) and the impact from six additional days in the quarter were more than offset by a one-time charge related to the Company’s withdrawal from a multiemployer pension plan and operating losses at The Athletic segment (“The Athletic”). Adjusted operating profit (defined below) increased to $141.8 million from $109.3 million in the prior year, as higher digital subscription revenues at NYTG and the impact from the additional six days more than offset operating losses at The Athletic. Adjusted operating profit at NYTG increased to $148.7 million from $109.3 million as higher digital subscription and other revenues more than offset lower digital advertising revenues.
Read More

News Corp Reports Second Quarter Results for Fiscal 2023

*Revenues in the quarter were $2.52 billion, a 7% decrease compared to $2.72 billion in the prior year, reflecting a $171 million, or 6%, negative impact from foreign currency fluctuations. Adjusted Revenues decreased 3% *Net income in the quarter was $94 million compared to $262 million in the prior year *Total Segment EBITDA in the quarter was $409 million compared to $586 million in the prior year *In the quarter, reported EPS were $0.12 compared to $0.40 in the prior year – Adjusted EPS were $0.14 compared to $0.44 in the prior year
Read More

AAP December 2022 StatShot Report: Overall Publishing Industry Down 6.4% for Calendar Year 2022, and 10.0% for Month of December

The Association of American Publishers (AAP) today released its StatShot report for December 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. Total revenues across all categories, excluding PreK-12, for December 2022 were down 10.0% as compared to December 2021, coming in at $995.9 million. Year-to-date revenues were down 6.4%, at $12.6 billion for the year of 2022. Trade revenues were down 6.2%, at $9.1 billion for the calendar year. Hardback revenues were down 13.9%, coming in at $3.2 billion; Paperbacks were up 1.1%, with $3.3 billion in revenue; Mass Market was down 25.5% to $181.6 million; and Special Bindings were down 8.1%, with $206.4 million in revenue. eBook revenues were down 6.6% as compared to 2021 for a total of $1.0 billion. The Downloaded Audio format was up 7.0%, coming in at $839.5 million in revenue. Physical Audio was down 29.8% coming in at $15.8 million.
Read More

PRC Invites Stakeholder Consultation Regarding Study on First-Class Service Standards

As adopted by the Joint Explanatory Statement accompanying the Consolidated Appropriations Act, 2022, the House of Representatives Report 117-79 states: First-Class Service Standards.—The Committee is concerned about further changes to the service standards for market-dominant mail products, particularly the Postal Service’s recent proposal to extend first-class service standards to as long as five days. The Committee believes this change would further erode public confidence in the USPS. The Committee directs the PRC to analyze the feasibility of restoring service standards for market-dominant products that were in effect on July 1, 2012, including an examination of the resources and structural and operational changes needed, and the impacts on market growth and revenue. If service standards are decreased from their January 2021 levels, the PRC shall also conduct a similar analysis of the costs and benefits of restoring USPS service and performance levels to their January 1, 2021, levels. The PRC shall report to the Committee on its findings within 1 year of enactment of this Act.
Read More

AF&PA Announces New Board Leadership and Members

The AF&PA Board of Directors comprises top industry leaders representing a broad spectrum of companies in the paper and wood products manufacturing sector. AF&PA also welcomed 5 new directors: Arsen Kitch, President and Chief Executive Officer, Clearwater Paper Corporation; Charles Hodges, President and Chief Operating Officer, Hood Container Corporation; Dick Carmical, Chief Executive Officer, The Price Companies, Inc.; Mark Ushpol, Executive Vice President, Food & Consumer Packaging, Ahlstrom; Ole Rosgaard, President and Chief Executive Officer, Greif, Inc.
Read More

Sonoco Reports Fourth Quarter and Full Year 2022 Results

Fourth Quarter and 2022 Highlights *Delivered progress on strategic priorities including portfolio simplification and structural transformation *Achieved record fourth quarter and annual financial results. In the fourth quarter, revenue grew 16%. GAAP EPS grew by 48% and Base EPS grew by 28% year-over-year *Successfully integrated the Metal Packaging acquisition to expand rigid packaging in North America *Completed Skjern Paper acquisition in Denmark in the fourth quarter to expand sustainable paper packaging products in Europe *Reaffirmed commitments to ESG initiatives as noted in our annual corporate responsibility report
Read More

SEE Reports Q4, Full Year 2022 Results

Net sales of $1.4 billion decreased 8% as reported in fourth quarter 2022, with APAC decreasing 14%, Americas decreasing 8%, and EMEA decreasing 6%. Net earnings were $95 million, or $0.65 per diluted share, in fourth quarter 2022 as compared to net earnings of $169 million, or $1.12 per diluted share, in fourth quarter 2021. Full year 2022 net sales of $5.6 billion increased 2% as reported, with Americas increasing 6%, APAC decreasing 6%, and EMEA decreasing 3%. Full year 2022 net earnings were $491 million, or $3.33 per diluted share, as compared to net earnings of $491 million, or $3.22 per diluted share, in full year 2021.
Read More

Amcor reports strong first half and second quarter fiscal 2023 result

Highlights - Six Months Ended December 31, 2022 • Net sales of $7,354 million, up 6%; • GAAP Net income of $691 million, up 62%; GAAP diluted earnings per share (EPS) of 46.1 cps, up 65%; • Increasing cash returns to shareholders: quarterly dividend of 12.25 cents per share; and up to $500 million of share repurchases expected in fiscal 2023, including an additional $100 million announced today; and • Fiscal 2023 outlook: Maintaining adjusted EPS and Free Cash Flow ranges at 77-81 cps and $1-1.1 billion, respectively.
Read More

Huhtamäki Oyj’s Results January 1-December 31, 2022: Strong performance in a volatile environment

Q4 2022 in brief: *Net sales increased 10% to EUR 1,104 million (EUR 999 million) *Comparable net sales growth at Group level was 9% and 6% in emerging markets *The impact of currency movements on the Group's net sales was EUR 46 million and EUR 5 million on EBIT. Q1-Q4 2022 in brief *Net sales increased 25% to EUR 4,479 million (EUR 3,575 million) *Comparable net sales growth at Group level was 15 % and 16% in emerging markets *The impact of currency movements on the Group's net sales was EUR 234 million and EUR 22 million on EBIT *Capital expenditure was EUR 318 million (EUR 259 million)
Read More

Metsä Board’s comparable operating result in January–December 2022 was EUR 521 million

January–December 2022 (compared to 1–12/2021): Sales were EUR 2,479.6 million (2,084.1). The comparable operating result was EUR 520.7 million 386.6), or 21.0% of sales (18.6). Operating result was EUR 531.5 million (375.9). Comparable earnings per share were EUR 1.13 (0.85), and earnings per share were EUR 1.15 (0.82). Comparable return on capital employed was 20.9 % (18.7). Net cash flow from operations was EUR 232.0 million (329.6). October–December 2022 (compared to 10–12/2021): Sales were EUR 599.8 million (518.5). The comparable operating result was EUR 100.8 million (91.3), or 16.8% (17.6) of sales. Operating result was EUR 94.7 million (90.8). Comparable earnings per share were EUR 0.23 (0.20), and earnings per share were EUR 0.21 (0.19). Comparable return on capital employed was 15.5% (16.1). Net cash flow from operations was EUR 70.2 million (119.7).
Read More

Metsä Group’s comparable operating result in January–December 2022 was EUR 1,276 million

January–December 2022 (1–12/2021): Sales were EUR 6,980 million (6,017). Operating result was EUR 1,302 million (874). Comparable operating result was EUR 1,276 million (914). Result before taxes was EUR 1,270 million (832). Comparable result before taxes was EUR 1,240 million (872). Comparable return on capital employed was 19.5% (16.2). Net cash flow from operations was EUR 1,227 million (1,023). October–December 2022 (10–12/2021): Sales were EUR 1,741 million (1,560). Operating result was EUR 316 million (221). Comparable operating result was EUR 311 million (220). Result before taxes was EUR 309 million (215). Comparable result before taxes was EUR 306 million (214). Comparable return on capital employed was 18.0% (14.7). Net cash flow from operations was EUR 399 million (427).
Read More

Commentary: Welcome to a Better Printing Industry (piworld.com)

One of the great things about my job is I get to spend time talking to people with strong insight about the printing industry. And from a couple of recent exchanges with a couple of the PRINTING United Alliance’s subject matter experts, I’ve concluded that printing is a better industry to work for than it previously has been. Inherently Safer - A couple of months ago, I spoke with Gary Jones, the Alliance’s vice president, environmental, health, and safety affairs. In that discussion, Gary outlined some of the ways printing businesses often fall short of OSHA requirements, and how they can take steps to do what’s required and provide a safe workplace for their employees. More Attractive - Within a soon-to-be released article in Printing Impressions by Adriane Harrison, the Alliance’s vice president of human relations consulting, she says the generation of workers just now coming into our workforce – those known as Gen Z – are most interested in working for employers that care about their physical and mental well-being. This is according to a 2020 Gallup survey.
Read More

Paper Excellence Canada contributes $100,000 to advance salmon restoration across B.C.

Paper Excellence Canada announced a $100,000 gift to the Pacific Salmon Foundation (PSF) to boost efforts to conserve and restore Pacific salmon populations across B.C. The gift will be distributed through grants in communities where Paper Excellence operates to help advance community-driven stewardship initiatives at a local level. Approximately half of Pacific salmon populations are in some state of decline. Salmon encounter various challenges during their complex life cycle, including the effects of climate change, habitat loss, development, and more. Paper Excellence’s donation will support PSF’s Community Salmon Program, which awards hundreds of grants to grassroots salmon conservation projects across B.C. and the Yukon each year. Since PSF launched the Community Salmon Program in 1989, the program has engaged more than 300,000 volunteers to pursue local projects to restore salmon and rehabilitate their habitats.
Read More

Lecta obtains Ineris certification for its phenol-free Termax papers

With Termax, Lecta boasts an extensive range of thermal papers that is constantly evolving to meet POS, ticket and label application needs. Over the last years, Lecta has developed a series of high-quality thermal products that have recently obtained the official "No phenols added" certification issued by Ineris, the French National Institute for Industrial Environment and Risk. This certification guarantees that there is no Bisphenol A (BPA), S (BPS), F (BPF) or 12 other phenolic compounds in our Termax TFX, Termax TEX, Termax TC20X and Termax TCLLX products. In addition to this "phenol-free" recognition, the entire Termax range is manufactured in accordance with ISO 14001 and EMAS environmental standards, ISO 50001 energy management standards, ISO 9001 quality standards and ISO 45001 standards for occupational health and safety management systems. The range is also available with PEFC or FSC® C011032 Chain of Custody forest certification upon request. Termax is Lecta's fully updated range of heat-sensitive papers specially designed to grow with your business.
Read More

Sappi delivers solid performance for first financial quarter 2023

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased with another strong performance from the Group which was well above pre-Covid levels and the best ever first quarter results. EBITDA of US$290 million was 21% above the prior year and in line with guidance provided in the previous quarter. The positive results were underpinned by year-on-year pricing gains for paper products which offset cost inflation, lower sales volumes and delivered an EBITDA margin of 17.5%.”
Read More

Gannett Announces Further Debt Repayment

Gannett Co., Inc. announced that the Company used proceeds of $21.3 million from real estate sales completed in January 2023 to reduce its first lien debt by $22.3 million. Approximately $5.0 million of the proceeds were used to repurchase approximately $6.1 million of 6.00% first lien notes due November 1, 2026, representing a discount to par. The remaining $16.3 million of proceeds were used to repay amounts under its five-year senior secured term loan facility. “We continue to make meaningful progress in reducing our first lien debt, which will continue to lead toward an improved capital structure and stronger balance sheet. We expect to sell another $50 million to $60 million in real estate and other assets in 2023, the proceeds of which we expect to use to pay down debt. As a result, we expect to reduce our debt within the year by approximately $120 million through the sale of real estate and other assets, along with our scheduled quarterly amortization payments,” said Michael Reed, Gannett Chairman and Chief Executive Officer.
Read More

Lee Enterprises Detects ‘Material Weaknesses’ In Its Financial Reporting

Publisher Lee Enterprises has discovered “material weaknesses” in its financial reporting and has not yet filed its annual report for the fiscal year ended September 25, 2022, the company states in a Form 8-K filing with the Securities and Exchange Commission. Management “did not maintain appropriately designed information technology general controls in the areas of user access for certain of its information systems that are relevant to the preparation of the Company's consolidated financial statements and system of internal control over financial reporting,” Lee says.
Read More

Sandy Alexander, a Snow Peak Capital Portfolio Company, Acquires Abbott Communications Group

Sandy Alexander, Inc., a high-end commercial graphic communications firm and Snow Peak Capital portfolio company, today announced it has acquired Abbott Communications Group (ACG). Financial terms of the transaction were not disclosed. This is the first strategic add-on acquisition for Sandy Alexander since Snow Peak Capital, a Broomfield, Colo.-based private equity firm that invests in middle-market businesses, acquired it in April 2022. Headquartered in Orlando, Florida and founded in 1977, ACG is a premier provider of comprehensive printing, mailing, and print management solutions to customers in the entertainment, hospitality, and advertising markets.
Read More

Graphic Packaging Holding Company Reports Strong Fourth Quarter and Full Year 2022 Results

2022 Highlights - Net Sales were $9,440 million versus $7,156 million in the prior year. *Net Organic Sales increased 3% from the prior year. *Net Income was $522 million versus $204 million in the prior year. *Earnings per Diluted Share were $1.69 versus $0.68 in the prior year. *Net debt was $5,133 million versus $5,659 million at prior year end. *Year-end net leverage was 3.2x versus proforma 4.6x at prior year end. *New coated recycled paperboard (CRB) mill will support growing demand and extend position as the lowest-cost, highest-quality paperboard producer in North America. Investment of approximately $1 billion over three years will be internally funded with operating cash flow.
Read More

Metsä Spring leads funding round in Fiberwood to make insulation and packaging fossil free

Finnish startup Fiberwood, a producer of 100% ecological wood fibre insulation and packaging materials made from mechanical wood industry side streams, has raised a late seed funding round. The round was led by Metsä Group’s innovation company Metsä Spring, and the round included public financing from Business Finland. The funding will be used to develop and scale up the production capabilities of its pilot plant as it heads into industrial-level continuous production. Valued at EUR 25 billion, the global insulation market is currently dominated by two groups of products: inorganic mineral wools, such as stone or glass wool, and fossil-based cellular plastic products, like polystyrene. However, these products have more environmental consequences as they are not recyclable or biodegradable. Fiberwood’s bio-based, plastic-free, and compostable insulation sheets are made from wood pulp and side streams from the mechanical wood industry with special foam-forming technology. The insulation sheets include natural traits of trees as well as air pockets that increase the material’s insulation capabilities. The products are carbon negative as they store and bind carbon dioxide to the wood for as long as it exists. The insulation sheets are easy, safe, and quick to install. Once they are ready to be recycled, the insulation sheets will biodegrade into plastic-free soil.
Read More

Ahlstrom launches a new high-performance filter media range for HVAC with longer filter lifetime and lower environmental impact

Ahlstrom now launches the Heating, Ventilation and Air Conditioning (HVAC) filter media portfolio from its brand-new production machine in Turin (Italy), supporting our customers in their ambition to offer best performing and premium quality filters to the most demanding end-uses. Uniqueness of our offering comes from state-of-the-art manufacturing technologies which deliver best reliability in performance as well as lower environmental impact. Ahlstrom has used its long experience and extensive competences to develop the complete range of filtration materials which are protecting people and equipment in closed environments. The product range covers today options from ISO Coarse 85% to ISO ePM1 80% rating (ISO16890:2016) in a standard version and in a high permeability version for most challenging requirements. All products have limited flow restriction and extended dust holding capacity with excellent consistency.
Read More

Mondi’s high-speed inkjet papers race towards Hunkeler Innovations Days at full throttle

Back at high speed, the Hunkeler Innovation Days in Lucerne, Switzerland will be held from February 27 to March 2. Over the past three years, where the pandemic prevented this industry event from happening, high speed inkjet printing continued to evolve and will continue to do so according to the 2021 Smithers report “The Future of Print Equipment Markets to 2026”. For both types of high-speed presses – reel fed and sheet fed – the market is growing. In Europe, inkjet reel fed installations are expected to grow by around 50% between 2021 and 2026. Still, sheet fed inkjet installations top these figures as they are expected to grow by 126% in Western Europe and by 288% in Eastern Europe in the same period. Mondi Uncoated Fine Paper – part of the international packaging and paper group Mondi – developed the largest selection of high-speed inkjet papers in close collaboration with renowned OEMs (Original Equipment Manufacturers). The papers feature ideal gamut, reels as well as sheets in grammages ranging from 60 to 300 gsm and various surface treatments.
Read More

Service Performance Consistently Strong Across All Mail Categories

FY23 second quarter service performance scores covering Jan. 1 through Jan. 27 included: *First-Class Mail: 91.8% of First-Class Mail delivered on time against the USPS service standard, an increase of 0.9 percentage point performance from the fiscal first quarter. *Marketing Mail: 94.3% of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter. *Periodicals: 85.8% of Periodicals delivered on time against the USPS service standard an increase of 1.1 percentage points performance from the fiscal first quarter.
Read More

Excess inventory continues to hang around (chainstoreage.com)

Like a post-holiday hangover that just won’t go away, many retailers are struggling with unsold products even after holding New Year sales. According to a new survey of 500 U.S. retailers from e-commerce inventory planning software provider Inventory Planner, 50% of respondents still have goods they cannot sell after post-Christmas and January discounting. Close to half (46%) of respondents say this is a “major concern.” More than half of U.S. retailers (53%) told Inventory Planner there would be ‘dangerous ramifications’ for their business if they failed to sell excess stock.
Read More

Penguin Random House Prepares to Rebuild (publishersweekly.com)

Penguin Random House’s bid to buy Simon & Schuster was always going to change the future of the world’s largest trade book publisher, but the remake is not happening along the lines former PRH CEO (and current CEO emeritus) Markus Dohle had originally planned. The ruling by Judge Florence Pan that stopped the acquisition set off a string of events that included Dohle’s resignation, the promotion of PRH US COO Nihar Malaviya to interim global CEO, and PRH US CEO Madeline McIntosh’s decision, announced last week, to step down once she has helped Malaviya complete the creation of a new organizational structure for PRH. Though the restructuring is still a work in progress, its goal is to reinvigorate internal competition for new titles among PRH’s many imprints while also providing multiple touch points for agents to pitch their books to different PRH editors.
Read More

Two Sides Partners Meeting 2023 – Royal Mail & SMP Recording

As we step into 2023, promoting the sustainability and attractiveness of print, paper and paper packaging becomes more important than ever. Our guest speakers at the 2023 Two Sides Partner Meeting, Philip Ricketts, Wholesale Commercial Director, Royal Mail Marketreach and Lucy Swanston, Chair of The Strategic Mailing Partnership, together explained: The evolving value of mail in an omni channel and digital world. This session showcased the value of mail and the range of freely available support and insights that Marketreach provides brands, agencies and co-suppliers in helping them understand where best to use mail in their customer journey to drive positive commercial outcomes.
Read More

Greif Announces Rebrand of Product Circlularity Program

Greif is pleased to announce the rebrand of its product circularity program, now known as Life Cycle Services by Greif. Backed by one of the most comprehensive sustainability programs in industrial packaging, Greif has a proven history of helping customers meet and exceed their sustainability goals. This initiative aligns with its recently announced 2030 Sustainability Targets, including a broader focus on advancing a circular economy, reducing greenhouse gas emissions, and championing diversity, equity, and inclusion initiatives. Under the new Life Cycle Services brand, Greif has aligned these end-of-life services offered by its Global Industrial Packaging (GIP) and Paper Packaging and Services (PPS) businesses. For years, rigid packaging customers have trusted on the EarthMinded® network of partners across the US and EMEA for collection, cleaning, recycling, and reconditioning services.
Read More

Potential buyers run rule over CVG (printweek.com)

A number of interested parties have visited Crown Van Gelder sparking hopes that the mill could be rescued and restart production in the near future. The Netherlands-based papermaker, best known for its Crown Letsgo range of high-speed inkjet papers, filed for bankruptcy last week after running out of cash. A source close to the situation said they were hopeful for a speedy resolution: “For the time being the [paper] machines are not running but hopefully we can be up and running again soon – this is a very good company and we will restart.”
Read More

6 Common Brand Positioning Strategies (jschmid.com)

Marketers are always looking for ways to influence how consumers perceive their brands to build more than simply transactional relationships. They know that effective brand positioning helps separate them from the competition and not just capture but keep a larger share of both consumers’ minds and wallets, driving long-term customer loyalty. Here are six of the most common brand positioning strategies that companies use. Depending on the product category, some will be more effective than others and all come with some potential drawbacks. Get the details at: https://www.jschmid.com/blog/customer-loyalty-2-brand-positioning/
Read More

Amazon.com Announces Fourth Quarter Results

Fourth Quarter 2022 - Net sales increased 9% to $149.2 billion in the fourth quarter, compared with $137.4 billion in fourth quarter 2021. Excluding the $5.0 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 12% compared with fourth quarter 2021. Operating income decreased to $2.7 billion in the fourth quarter, compared with $3.5 billion in fourth quarter 2021. Fourth quarter 2022 operating income includes approximately $2.7 billion of charges for changes in estimates related to self-insurance liabilities, impairments of property and equipment and operating leases, and estimated severance costs. These charges primarily impacted the North America segment. Net income decreased to $0.3 billion in the fourth quarter, or $0.03 per diluted share, compared with $14.3 billion, or $1.39 per diluted share, in fourth quarter 2021. All share and per share information for comparable prior year periods throughout this release have been retroactively adjusted to reflect the 20-for-1 stock split effected on May 27, 2022. Full Year 2022 - Net sales increased 9% to $514.0 billion in 2022, compared with $469.8 billion in 2021. Excluding the $15.5 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the year, net sales increased 13% compared with 2021. Operating income decreased to $12.2 billion in 2022, compared with $24.9 billion in 2021. Net loss was $2.7 billion in 2022, or $0.27 per diluted share, compared with net income of $33.4 billion, or $3.24 per diluted share, in 2021.
Read More

Expansion Enhances Service and Supports Commitment to Our Customers

Lacerta Group LLC recently invested in expanded regional capabilities, new facilities, and innovative technology to strengthen our commitment to end-to-end customer service. Lacerta is a leading provider of innovative thermoformed packaging solutions that has built its reputation on product integrity, speed to market, and customer care. The acquisition of a facility in the Midwest and larger, consolidated warehousing space in the Northeast is helping customers across the country get packaging products faster and at a competitive price. Below you’ll find the details of our investments in 2022 that strengthen our continued dedication to serving our customers. Lacerta recently opened a fully refurbished and consolidated warehouse center in Attleboro, Mass. Lacerta also acquired the production facility and other assets of Portage Plastics Corporation in late 2022, expanding services in the Midwest and West markets. The 70,000-square-foot manufacturing and warehouse space include 11 thermoformers for production.
Read More

Flint Group revolutionises food label and packaging printing with launch of sustainable UV LED Dual Cure ink

Leading global print consumables manufacturer Flint Group reveals strong early success of its Dual Cure ink range, EkoCure® ANCORA F2, following its launch in Europe at the end of 2022. The company’s UV LED Dual Cure ink range builds on the original winning formula of its EkoCure ANCORA range, specifically designed for food packaging and labelling. Flint Group’s Dual Cure inks and coatings are uniquely designed to cure using a traditional UV lamp or low-energy UV LED. These products are compatible with any curing system on any narrow or mid-web press, enabling printers still using traditional mercury-based UV lamps to smoothly transition to more sustainable UV curing processes at their own pace. With optimised curing speed, improved rheology, and lower viscosity, EkoCure ANCORA F2 delivers better press performance for long runs in chambered doctor blade systems. Furthermore, these inks provide enhanced adhesion to a wide range of substrates, such as coated & uncoated papers, PE (polyethylene), top-coated PE, PP, BOPP, and other films. Importantly, EkoCure ANCORA F2 offers reduced energy consumption, reducing the total cost to print. A clear value proposition for narrow web printers and converters.
Read More

Organize Your Finances with a Paper Management System

For decades, tech watchers have been predicting the rise of the paperless society, where businesses and homes are fully digital, without a scrap of paper in sight. The reality is that while email and digital record-keeping have perhaps reduced the amount of paper in our lives, they haven’t done away with it entirely — which means we still need to create and maintain good paper management systems. At Domtar, we’re strong advocates for the use of paper in our daily lives for everything from record keeping to sustainable packaging. Studies have shown that paper is a sustainable alternative to single-use plastics, while other reports highlight the hidden environmental costs of digital communications. But did you know a robust paper management system that organizes paper statements, receipts, invoices and written budgets can also help you become more financially responsible? Here are four reasons why: You can see paper. Paper tells the truth. You learn more with paper. Paper offers security.
Read More

Paper Excellence Makes Historic Donation of $150,000 to Ducks Unlimited Canada to Support Wetlands Stewardship and Education in Canada’s Boreal Forest

On World Wetlands Day, Paper Excellence Canada announced it has donated $150,000 to Ducks Unlimited Canada (DUC). The largest single donation in Paper Excellence Canada’s history will support wetlands conservation and stewardship in boreal forest regions of Saskatchewan and British Columbia. The donation will also support wetlands training for residents and employees in industries that operate or work in the boreal forest regions of the two provinces. “On behalf of Paper Excellence Canada, I am thrilled to present this donation to Ducks Unlimited Canada and begin this exciting investment in supporting wetlands stewardship and education,” said Carlo Dal Monte, Vice President for Paper Excellence Canada. “Paper Excellence Canada is committed to conservation and sustainability in the regions where we operate, and working with Ducks Unlimited Canada on this initiative is another example of our company’s ongoing work.”
Read More

UPM financial statements release 2022

2022 highlights • Sales increased by 19% to EUR 11,720 million (9,814 million in 2021) • Comparable EBIT increased by 42% to EUR 2,096 million (1,471 million), and was 17.9% (15.0%) of sales • Operating cash flow was EUR 508 million (1,250 million), impacted by cash outflows from energy hedges in highly exceptional energy markets • Net debt increased to EUR 2,374 million (647 million) and the net debt to EBITDA ratio was 0.94 (0.35). A significant part of the increase in net debt is temporary, due to the cash flow impacts of energy hedges and future energy generation • In April, UPM and the Paperworkers’ Union agreed on the first-ever business-specific collective labour agreements • In June, UPM announced the sale of the Steyrermühl site in Austria to secure competitiveness and adapt newsprint production to long-term market development • In September, UPM Raflatac completed the acquisition of AMC AG
Read More

Costco Wholesale Corporation Reports January Sales Results

Costco Wholesale Corporation reported net sales of $16.84 billion for the retail month of January, the four weeks ended January 29, 2023, an increase of 6.9 percent from $15.76 billion last year. Lunar New Year/Chinese New Year occurred on January 22, 10 days earlier this year. The shift negatively impacted January’s Other International and Total Company sales by approximately 2% and 0.25%, respectively. For the 22 weeks ended January 29, 2023, the Company reported net sales of $99.00 billion, an increase of 7.5 percent from $92.10 billion last year.
Read More

Berry Reports First Quarter Results

Highlights - First Quarter 2023 *Operating income of $210 million; Operating EBITDA of $443 million, up 3% on a comparable basis *Earnings per share of $0.85; Adjusted earnings per share of $1.30, up 11% on a comparable basis *Fiscal 2023 outlook: Reaffirmed adjusted EPS and free cash flow ranges *Returned $211 million to shareholders in the quarter ($178 million via share repurchases and $33 million in dividends) *Reduced long-term leverage target to 2.5x – 3.5x (net debt to adjusted EBITDA)
Read More

Deluxe Reports Fourth Quarter and Full Year 2022 Results

*Full year revenue increased 10.7%, and comparable adjusted revenue growth was 5.2%, delivering the second consecutive year of sales-driven revenue growth, with all four segments showing year-over-year increases *Full year net income was $65.5 million, up 4.3% from the prior year and adjusted EBITDA margin rate was 18.7% *Fourth quarter revenue declined 1.2% on a reported basis driven by business exits, while comparable adjusted revenue increased 1.2%, led by Payments, Data, and Promotional Solutions *Fourth quarter net income was $19.0 million and adjusted EBITDA margin rate was 19.9% *Recently announced the divestiture of the Company's North American web hosting and logo businesses, and the name change of the Cloud Solutions segment to Data Solutions
Read More

ATA President Urges Congress to Build on Infrastructure Bill’s Success

American Trucking Associations President and CEO Chris Spear urged Congress to take steps to exercise oversight over the implementation of the Infrastructure Investment and Jobs Act, ensuring that taxpayers and the supply chain get the maximum return on the $1.2 trillion of investment the legislation provides. “For 90 years, the ATA has helped Congress shape its understanding of our nation’s infrastructure needs and supply chain challenges and today’s oversight of both is welcome and timely,” Spear said. “Prior to IIJA’s passage, ATA testified 25 times before the House and Senate, sharing how the decaying state of our nation’s infrastructure is hamstringing America’s ability to compete with rising global powers, like China. In short, a first-world economy cannot survive a developing-world infrastructure.”
Read More

SEE Completes Acquisition of Liquibox

SEE announced today that it has completed the previously announced acquisition of Liquibox for a purchase price of $1.15 billion on a cash and debt-free basis. This strategic acquisition unites two leaders in the global flexible packaging industry and aligns with the high-performance growth and innovation cultures of both companies. Liquibox is a pioneer, innovator and manufacturer of Bag-in-Box sustainable fluids & liquids packaging and dispensing solutions for fresh food, beverage, consumer goods and industrial end-markets. This acquisition accelerates SEE’s fastest growing segment, the CRYOVAC® brand Fluids & Liquids business. CRYOVAC® technology, scale and market access provide a significant source of synergies. This acquisition contributes to and fast tracks SEE’s transformation to become a world-class, digitally driven company automating sustainable packaging solutions.
Read More

Metsä Board concludes logistics agreements for Kemi board mill

Metsä Board has concluded a logistics agreement with Kuljetusliike Kalevi Huhtala Oy for transport between the Kemi board mill and Ajos harbour, in Kemi. All exports from the Kemi board mill will be centralised in Ajos. "Efficient export logistics is a key factor in paperboard production. We require efficient and low-emission solutions from our chosen partners in logistics," says Timo Ahonen, VP, Kemi Board mill.
Read More

Avery Dennison Announces Fourth Quarter and Full Year 2022 Results

Highlights: *FY22 Reported EPS of $9.21, up 4% **Adjusted EPS (non-GAAP) of $9.15, up 3%, up 11% ex. currency *FY22 Net sales increased 7.5% to $9.0 billion - Sales growth ex. currency (non-GAAP) of 13.1% - Organic sales growth (non-GAAP) of 9.5% *4Q22 Reported EPS of $1.51 *4Q22 Net sales declined 7.2% to $2.0 billion - Sales change ex. currency (non-GAAP) of (0.8%) - Organic sales change (non-GAAP) of (0.9%)
Read More

Grainger Reports Results for the Fourth Quarter and Full Year 2022

Fourth Quarter 2022 Financial Highlights *Delivered sales of $3.8 billion, up 13.2%, or 17.2% on a daily, constant currency basis *Achieved reported operating margin of 14.3%, up 190 basis points, or 13.8% on an adjusted basis, up 135 basis points. Full Year 2022 Financial Highlights *Grew sales to $15.2 billion, up 16.9%, or 19.3% on a daily, constant currency basis *Realized reported operating margin of 14.5%, up 265 basis points, or 14.4% on an adjusted basis, up 255 basis points *Produced $1.3 billion in operating cash flow and returned $949 million to Grainger shareholders through dividends and share repurchases
Read More

PRC Releases Annual Report to the President and Congress

The Commission had several significant accomplishments throughout the year. In addition to reviewing and approving planned rate and classification changes for Market Dominant and Competitive products, new product proposals, and formal complaint adjudications, the Commission: *Conducted rulemakings related to 1) service performance reporting requirements; 2) the letter monopoly; 3) rate incentives for Market Dominant products; and 4) the minimum appropriate share of institutional costs required to be borne by competitive products; *Issued advisory opinions on Postal Service proposals to 1) change service standards for Retail Ground and Parcel Select Ground and 2) revise the critical entry times (CETs) for some categories of Periodicals mail; and *Issued analytical reports on the Postal Service related to compliance with pricing and service standards; the financial health of the Postal Service; and evaluation of the Service’s performance goals and plan
Read More

Revised Forest Management Evaluations Standard and revised Risk-Based Approaches Procedure are published

FSC is pleased to introduce the revised FSC-STD-20-007 Forest Management Evaluations Standard, version 4-0, and the revised Procedure FSC-PRO-60-010, Development of a National Forest Stewardship Standard Risk Assessment, version 2-1. FSC-STD-20-007 Forest Management Evaluations Standard brings increased transparency and consistency in evaluations by different certification bodies. The revised standard also includes efficiency through outcome-oriented and risk-based forest management evaluations. It provides a framework for certification bodies to determine an appropriate audit method for each type of evaluation and organization. This revised version is structured to align the content of the forest management evaluations reports with new tools being incorporated for digitization by FSC. This ensures standardization and relevance of data gathered during evaluation processes. FSC’s Digital Audit Reporting Template (DAR) will be updated to reflect changes in the revised standard.
Read More

Stora Enso joins Polestar 0 project to create a climate-neutral car by 2030

Stora Enso and Swedish electric car company Polestar have started collaboration to create a truly climate-neutral car by 2030. Stora Enso joins Polestar 0 project as a partner to contribute to the car’s climate neutrality with their bio-based battery material Lignode® by Stora Enso, made from trees. The Polestar 0 project, launched in 2021, aims to create a climate neutral car by 2030 by eliminating all sources of CO2 emissions – not only offsetting them – throughout the supply chain and production. Reaching full climate neutrality throughout the value chain, however, is a challenge for such a complex product as a car. Stora Enso takes on the challenge to contribute to the car battery’s climate neutrality with its bio-based battery anode material, Lignode® by Stora Enso, with the aim to become a commercial supplier for the outcome of the Polestar 0 project. Graphitic carbon in car batteries today is either mined or made from fossil-based materials. Lignode® by Stora Enso is made of lignin which comes from sustainably managed Nordic trees that grow back once harvested. It is essential to revolutionise battery technology to sustainably cover the needs for energy storage in an electrified future. Stora Enso believes that the key to combating climate change involves the use of renewable materials.
Read More

SGP Announces 2023 Election of New Leaders and Board Members

The SGP officers for 2023-2024 include: Theresa Vanna, Primex Plastics Corporation, Chair; Birdley James, Miller Zell, Chair-Elect; Marci Kinter, Secretary & Vice Chair Technical; Doreen Monteleone, Ph.D., D2 Advisory Group/FTA, Treasurer; Jonathan Graham, Past Chair; Will Mansfield, Eastman Kodak Co., Vice Chair Marketing; Calvin Lakhan, York University, Vice Chair Academic; George Fuchs, NAPIM, Vice Chair Technology; Jodi Sawyer, FLEXcon, Vice Chair Engagement. The new board members, all professionals dedicated to supporting the journey to a more sustainable future, include: Julie Brannen, Monadnock Paper Mills, Inc., Bennington, NH; Thomas Dahbura, Hub Labels, Inc., Hagerstown, MD; Todd Ebersole, Forge Graphic Works, Portland, OR; Michael Dillon, Meyers Printing, Minneapolis, MN; Mark Howard, Syracuse Label & Surround Printing, North Syracuse, NY; Gary Jones, PRINTING United Alliance, Fairfax, VA; Kristine Peterson, 3M, St Paul, MN.
Read More

Metroland Outsources Newspaper Printing to TC Transcontinental

TC Transcontinental announced that Metroland Media Group is outsourcing to TC Transcontinental the printing of all its newspapers currently taking place at its Tempo facility in Toronto. In addition to these two daily newspapers and 49 community publications, the deal extends the current printing agreement of two daily newspapers, including the Toronto Star, and four community publications, to the end of 2027. The gradual transfer will occur over the next few months. TC Transcontinental will rely on its national integrated platform, mostly in its Vaughan, Ontario facility. This new business will require only minimal investment given TC Transcontinental Printing's scale, highly efficient and flexible platform, and its skilled workforce.
Read More

Navigator acquires Gomà-Camps Group’s

Consumer Tissue business in Spain The Navigator Company completed the acquisition of Gomà-Camps Group’s Consumer Tissue business, including the acquisition of Spanish company GOMÀCAMPS CONSUMER, S.L.U. and French company GOMÀ-CAMPS FRANCE SAS (hereinafter referred to as "GC Consumer"). This acquisition is part of an ambitious plan for diversification and development of the Navigator Group, strengthening the Group’s position as the second largest Iberian producer of tissue, with an annual production capacity that now stands at 165,000 tonnes.
Read More

Michigan governor signs legislation granting Billerud investment support for Escanaba Mill transformation

As previously announced, Michigan State legislatures have approved legislation to grant Billerud investment support of up to USD 200 million in funding to support Billerud’s investment plans. Michigan Governor Gretchen Whitmer signed the legislation, approving the Michigan Economic Development Corporation’s (MEDC) appropriation of the funds. The transformation of the Escanaba Mill is planned to be the cornerstone of Billerud’s expansion into North America, one of the largest and growing markets in primary fiber premium cartonboard. The project is expected to support hundreds of high paying jobs and require a significant number of contractors during the construction period. This funding follows additional incentives recently approved by the State of Michigan Administrative Board, including approval of the Forest Products Processing Renaissance Zone. The zone exempts Billerud from paying almost all state and local property taxes at the Escanaba Mill.
Read More

The importance of omnichannel packaging for your eCommerce brand.

In today's world, it has become increasingly important not only to make sure that your brand is standing out from the competition but that you are delivering a seamless and integrated experience across all channels. To meet this demand, brands must find ways to provide an omnichannel approach that puts the customer at the center of every interaction. When it comes to retail packaging, this means providing an experience that resonates with the customer and sets your brand apart from the competition. Let’s look at omnichannel packaging and how you can use it to create a consistent brand experience for your customers. What is omnichannel packaging? The omnichannel experience is a retail strategy focusing on a consistent experience across every channel your customers use to interact with your brand.
Read More

WestRock Reports Fiscal 2023 First Quarter Results

First Quarter Highlights and other notable items: *Net sales of $4.9 billion comparable year-over-year *Net income of $45 million, Adjusted Net Income of $141 million *Results in the current year impacted by $119 million due to economic downtime and weather disruptions; additionally, non-cash pension costs increased $40 million year-over-year and the unfavorable impact of foreign currency was $17 million year-over-year *Acquired the remaining 67.7% interest in Gondi, S.A. de C.V. (“Grupo Gondi”) for $970 million, plus the assumption of debt *Divested two uncoated recycled paperboard mills (“URB”) for $50 million, subject to a working capital adjustment, and recorded an $11 million pre-tax gain on sale
Read More
Back To Top
×Close search
Search