FY23 third quarter service performance scores covering July 1 through July 21, included: *First-Class Mail: 91.4 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94.9 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 86.0 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from fiscal third quarter.
The report, written in accordance with the Global Reporting Initiative, details advancements on a number of important fronts. They include: *Setting a time-bound, numerical target to double the volume of post-consumer recycled (PCR) polyethylene film recycled at its North Vernon, Ind., recycling facility by the end of 2024. *Reporting the company’s “waste footprint” for the first time. In 2022 Novolex implemented a waste-to-landfill measurement program to enable monitoring and reduction of various waste streams from operations. *Increasing the company’s use of Chain-of-Custody certified fiber. *Expanding the use of materials that reflect emerging technologies and customer needs. *Creating a DEI Council comprised of Novolex leaders who guide and support our DEI strategies and objectives.
The primary reason to use compostable packaging is to help deliver food waste and other organic matter to composting facilities. Food waste in landfills is one of the main sources of methane, a powerful greenhouse gas that has about 20-80 times the power of carbon dioxide. Diverting food waste from landfills is a key intervention to limiting climate change, and compostable packaging can help do that by being the “vehicle” that food scraps ride along with on their way to composting facilities. Composting facilities that accept compostable packaging are able to bring in more food waste than those that don’t. Compostable packaging should be reserved for packaging that is: *Used to serve prepared food or contains frozen or raw food *Likely to deliver food to a composting facility *Food-contact packaging that is not readily recyclable *Often disposed of with food waste (e.g., produce stickers) *Fiber-based and is likely to become food-soiled
Mondi, a global leader in sustainable packaging and paper, is pleased to announce the expansion of its International Safe Transit Association (ISTA) and Amazon Packaging Support and Supplier Network (APASS) certified Performance Lab services to cater to the growing demands of eCommerce customers. Mondi's Performance Lab can now also test converted solutions such as MailerBAGs and corrugated boxes. Located in České Budějovice, Czechia, the Mondi Performance Lab complements its eCommerce service offering for high-performance eCommerce packaging, from base material to converted solutions. The laboratory's state-of-the-art equipment simulates the typical impact of packed goods in each supply chain step.
The Paper Excellence Group announced its updated organizational structure for its business units following the recent acquisitions of Resolute Forest Products in March 2023 and Domtar in November 2021. Steve Henry, currently Domtar's Executive Vice President and Chief Operating Officer, has been named President of the Paper & Packaging business unit with responsibility for all legacy Domtar pulp, paper and packaging operations as well as Paper Excellence Canada's Port Alberni and Crofton mills. The leader of the Pulp & Tissue business unit consisting of all legacy Resolute pulp, paper and tissue operations as well as the non-integrated Paper Excellence Canada pulp mills will be announced at a later date. Hugues Simon will continue to serve as President of the Wood Products business unit. Mr. Simon has extensive experience in wood products operations, finance and sales with Resolute and its predecessor companies.
Second Quarter 2023 Highlights *Reported sales increased 6% and net income increased 31% to $83 million *Core sales increased 4% and adjusted EBITDA of $181 million increased 13% from the prior year *Pharma proprietary drug delivery systems grew across the majority of end-use categories *Beauty’s fragrance dispensing technologies had double-digit growth in the quarter *Issued new Corporate Sustainability Report highlighting ESG commitments and initiatives
Mactac® Graphics & Signage Solutions announces the launch of Printvinyl Scored™, the first of its kind for the wide-format graphics industry. The new product line includes two pressure-sensitive adhesive (PSA) products with a scored liner for screen and wide-format printers. Printvinyl Scored products have a durability of 5 years. These products are available in permanent and removable adhesives and can be wide-format digital or screen-printed *PVS528UR features an ultra-removable acrylic adhesive with a 3.2 mil matte white polymeric vinyl film and 78# bleached kraft liner back scored liner at 1.25” apart. *PVS528P has a permanent acrylic adhesive with a 3.2 mil matte white polymeric vinyl film and 78# bleached kraft liner back scored liner at 1.25” apart.
Essity has made the decision to close its tissue manufacturing operations in New York state and consolidate production at its other U.S. sites. This closure will include the South Glens Falls paper mill, Greenwich converting facility and Saratoga warehouse/distribution center. The South Glens Falls paper mill will cease papermaking operations immediately, while the Greenwich converting facility and Saratoga Springs warehouse/distribution center will remain open and continue to operate as long as needed to ensure a smooth transition for customers. There are approximately 300 employees across the three locations.
Billerud's board announces that the company's President and CEO Christoph Michalski is leaving the CEO role at Billerud, with immediate effect. Michalski has held the position of CEO since November 2020. The board of Billerud has appointed the current CFO and deputy CEO, Ivar Vatne, as acting CEO. Ivar Vatne joined the company as CFO in May 2019 and has also been deputy CEO since October 2022. Before Billerud, Ivar has a background from senior positions within Arla, Fiskars and P&G. “The board is confident that Ivar Vatne can quickly step into the role of acting CEO and that he can lead the implementation of our established strategy”, says Jan Svensson, chairman of the board in Billerud.
Overview • Q2 2023 operating loss of $67 million including a $57 million reversal of a previously recognized inventory write-down; • Strong earnings continued at the Company’s European and US South operations with persistent challenges in British Columbia • Sustained pressure on global lumber market fundamentals and pricing, particularly in North America • Increased North American lumber production & shipments despite ongoing curtailments in British Columbia and permanent closure of Chetwynd facilities and temporary closure of Houston sawmill • Significant deterioration in global pulp market fundamentals; closure of the pulp line at Prince George Pulp and Paper Mill; subsequent to quarter-end, short curtailment of Northwood NBSK pulp mill amidst British Columbia port strike
National Average Price for Regular Unleaded Current: $3.732; Month Ago: $3.556; Year Ago: $4.278. National Average Price for Diesel Current: $3.792; Month Ago: $3.877; Year Ago: $5.341.
American Dollar to Canadian Dollar = 0.756068; American Dollar to Chinese Yuan = 0.139731; American Dollar to Euro = 1.100388; American Dollar to Japanese Yen = 0.007182; American Dollar to Mexican Peso = 0.059763.
Crafting memorable creative that will compel and delight an audience is likely the most challenging task in the campaign process. Without a creative, brand-right theme, the campaign won’t get traction and meet objectives. That said, coordinating and executing the big idea is just as important. If the campaign isn’t organized and executed well the investment will be wasted. Here are the five essential steps for getting a marketing campaign off the ground: 1. Get the channel leaders on board 2. Budgeting 3. Metrics 4. Coordinated launch 5. Assign a wrangler
*Net earnings of $235 million ($0.68 per diluted share); Adjusted operating earnings* (non-GAAP) of $204 million ($0.59 per diluted share) *$55 million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $120 million *Cash provided by operations of $528 million, bringing year-to-date to $873 million; Free cash flow** (non-GAAP) of $265 million year-to-date 2023 *Returned $200 million to shareholders through $40 million share repurchases and $160 million in dividends, bringing year-to-date to $519 million
• Reported revenue increased 4%; Adjusted revenue, excluding Engineering Solutions, increased 7%. Vitality revenue from new or enhanced products contributed 11% of reported revenue in Q2. • GAAP EPS decreased 44% due to gains on divestitures in Q2 2022, and adjusted diluted EPS increased 11% year over year. • Previously announced $1 billion ASR to be completed and additional $500 million ASR to be launched in the coming weeks. • Divestiture of Engineering Solutions closed on May 2, 2023.
During the first six months of 2023, 21 additional companies representing approximately 90 million customers have removed greenwashing messages such as “Go green, Go paperless” and “Go paperless to help protect the environment” from their marketing communications. “In addition to misleading consumers, these types of unsubstantiated environmental claims pose a serious threat to the economic security of the more than 7 million people whose livelihoods depend on a healthy North American paper, printing and mailing sector,” says Two Sides North America President Kathi Rowzie. “Our recent research found that 65% of consumers who’ve seen anti-paper greenwashing are influenced to go paperless.” That same research found that the Two Sides Anti-greenwashing Campaign has preserved more than $300 million in annual revenue for the paper, printing and mailing sector over the last decade.
January–June 2023 (compared to 1–6/2022) *Sales were EUR 1,040.2 million (1,232.5). *The comparable operating result was EUR 116.0 million 267.4), or 11.2% of sales (21.7). Operating result was EUR 117.9 million (283.3). *Net cash flow from operations was EUR 142.0 million (95.3). April–June 2023 (compared to 4–6/2022) *Sales were EUR 498.2 million (650.5). *The comparable operating result was EUR 27.3 million (145.9), or 5.5% (22.4) of sales. Operating result was EUR 29.5 million (142.6). *Net cash flow from operations was EUR 15.6 million (2.7).
January–June 2023 (1–6/2022) *Sales were EUR 3,116 million (3,416). *Operating result was EUR 402 million (589). Comparable operating result was EUR 380 million (574). *Net cash flow from operations was EUR 18 million (456). April–June 2023 (4–6/2022) *Sales were EUR 1,481 million (1,822). *Operating result was EUR 127 million (248). Comparable operating result was EUR 104 million (330). *Comparable return on capital employed was 5.9% (20.5). *Net cash flow from operations was EUR -19 million (321).
Second Quarter Highlights *Delivered sales of $4.2 billion, up 9.0%, or 10.1% on a daily, constant currency basis *Generated operating earnings of $661 million, up 23.5%, with operating margin of 15.8%, up 190-basis points *Achieved diluted EPS of $9.28, an increase of 29.1% *Produced $450 million in operating cash flow and returned $265 million to Grainger shareholders through dividends and share repurchases *Announced plans to open a new 500,000-square-foot distribution center in Oregon in 2025
Second Quarter 2023 Financial Highlights: *Produced revenue of $794 million, a 12% increase compared to the prior quarter, or a 16% decrease compared to the prior year *Generated income from operations of $84 million, and a net loss of $269 million, inclusive of a valuation allowance of $293 million established against the deferred tax assets within our Australia jurisdiction; adjusted net income was $24 million (non-GAAP) *Delivered Adjusted EBITDA of $168 million, at the high end of the guided range, and an Adjusted EBITDA margin of 21.2% *Invested $55 million in capital expenditures in the quarter *Generated $81 million in free cash flow in the quarter
R.R. Donnelley & Sons Company will showcase recent investments in Packaging Solutions at PACK EXPO Las Vegas. At the show, RRD will unveil anew single pass digital press to reduce time-to-market on large format runs by 25%. Ideal for retail signage and displays made from thicker substrates like corrugated and poly-based materials, the state-of-the-art technology combines the agility and speed of digital printing with exceptional print quality, a wide color spectrum and minimal energy consumption. RRD will announce full details in the fall. With growing RFID mandates from top retailers, RRD is helping clients navigate the shift by upping its investment in industry-leading technology to offer a complete solution of RFID labels and folding cartons. RRD manufactures the RFID labels and folding cartons and then affixes the label to the folding carton. RRD can also complete the fulfillment and distribution of the finished product. This comprehensive suite of services is a welcomed change from coordinating multiple steps and vendors to one seamless process.
Extended Producer Responsibility (EPR) charges for packaging converters, producers and suppliers have been delayed a year, from October 2024 to 2025. The government blamed economic pressures for the delay, but said it would use the time to finalise plans for the scheme’s implementation with local government, businesses, and waste management companies. Companies involved in packaging will still have to collect and process data on the amount and nature of packaging they use or produce during the delay.
UPS and the International Brotherhood of Teamsters, the union representing about 330,000 UPS employees in the U.S., have reached a tentative collective bargaining agreement. “Together we reached a win-win-win agreement on the issues that are important to Teamsters leadership, our employees and to UPS and our customers,” said Carol Tomé, UPS chief executive officer. “This agreement continues to reward UPS’s full- and part-time employees with industry-leading pay and benefits while retaining the flexibility we need to stay competitive, serve our customers and keep our business strong.” The five-year agreement covers U.S. Teamsters-represented employees in small-package roles and is subject to voting and ratification by union members.
Teamsters at less-than-truckload carrier Yellow Corp. will not be on strike Monday as previously planned. Central States Funds agreed Sunday to extend health care benefits for employees at YRC Freight and Holland. Yellow now has 30 days to pay $50 million to catch up on its benefits payments. A statement from the Teamsters said it expects the company to make the payments within the next two weeks. “The intense discussions between Teamsters leadership and Central States successfully convinced fund trustees to reverse their previous decision that health care benefits would end on July 23 if Yellow remained delinquent,” the statement read.
FSC has opened the registration to join the revision process of the chain of custody certification and the chain of custody evaluations standards. Sign up to contribute to the development of key concepts and fundamental aspects that will shape the revision by filling out this form. FSC is revising the FSC-STD-40-004 Chain of Custody Certification and the FSC-STD-20-011 Chain of Custody Evaluations. Chain of Custody (CoC) Certification is the core standard that specifies the requirements which apply to all CoC-certified and applicant organizations with respect to sourcing, processing, labelling, and sale of forest-based products as FSC certified. The standard will be revised together with Chain of Custody Evaluations Standard, which provides the requirements for FSC-accredited certification bodies for auditing CoC organizations against applicable requirements of the FSC normative framework. Please access the process page here to learn more about this joint revision.
Metsä Board has achieved A- rating in Ellen MacArthur Foundation’s latest Circulytics® circular economy assessment. The Circulytics® assessment comprehensively measures the extent to which Metsä Board as a company has achieved circularity across its operations. The company scored the highest scores in the ‘Enablers’ category, which highlights a strong strategic priority to transition to a circular business model. The category encompasses strategy and planning, innovation, people and skills, operations supporting the circular economy, and external engagement. This year’s A- score is an improvement from last year’s score of B, and is an encouraging acknowledgement of Metsä Board’s ongoing work of supporting the circular economy in its operations.
Silgan Holdings Inc. reported second quarter 2023 net sales of $1.43 billion and net income of $78.9 million, or $0.71 per diluted share, as compared to second quarter 2022 net sales of $1.54 billion and net income of $92.7 million, or $0.83 per diluted share. Adjusted net income per diluted share for the second quarter of 2023 was $0.83, after adjustments increasing net income per diluted share by $0.12. Adjusted net income per diluted share for the second quarter of 2022, which included $0.06 per diluted share from non-recurring income associated with Russia, was a record $1.09 after adjustments increasing net income per diluted share by $0.26.
Harry Quadracci founded the company 52 years ago this month. Harry’s son, Joel, is now CEO. He took over in 2006, as print continued its slow decline and before the great recession upended the global economy. “I did everything my father told me not to do, which was go public and buy broken down printing companies,” Quadracci told Adweek during Cannes Lions last month. It was Quadracci’s first time at the Festival of Creativity where the intersection of creative, brand, platform and production merge. It’s also the intersection Quad aims to transect with a rebrand resulting from a 15-year transformational journey. “For us, it was we better become the consolidator, or the consolidating is going to be done to us,” Quadracci said. While its roots are indelibly in print, Quad now calls itself a marketing experience company that aims to rid companies of wasteful processes.
Q2 2023 highlights • Sales were EUR 2,558 million (2,562 million in Q2 2022) • Comparable EBIT decreased by 71% to EUR 114 million, 4.5% of sales (387 million, 15.1%) • Delivery volumes were impacted by destocking in various product value chains • Pulp and energy prices decreased to cyclical bottom levels • Operating cash flow was EUR 459 million (-879 million), supported by cash inflow from energy hedges • UPM Paso de los Toros pulp mill in Uruguay ramping up production according to the plan • The OL3 nuclear power plant unit began regular commercial electricity production • Permanent closures of PM6 at UPM Schongau, Germany and PM4 at UPM Steyrermühl, Austria
The Book Manufacturers' Institute (BMI) is proud to announce its participation in Tomorrow’s Workforce Coalition, a visionary alliance dedicated to driving innovation and cultivating a highly skilled workforce in the printing industry. By joining this esteemed coalition, BMI reaffirms its commitment to shaping the future of the book printing sector, and fostering a sustainable and competitive ecosystem for years to come. Tomorrow’s Workforce Coalition serves as a powerful platform that unites industry leaders, trade associations, educational institutions, and government agencies. Together, we will address the challenges of the ever-evolving landscape of printing and adapt to the dynamic needs of the modern workforce.
Stakeholders from around the world are invited to give feedback on the French Forest Certification System. Deadline for comments is 21 September. Give your feedback. PEFC France revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. The French 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.
The American Trucking Associations was joined by eight trucking organizations and affiliates in a renewed effort to repeal the outdated and counterproductive federal excise tax, or FET, on heavy-duty trucks and trailers. The coalition sent a letter to the leaders of Senate Finance Committee and House Ways & Means Committee to express strong support for the Modern, Clean, and Safe Trucks Act. The bipartisan legislation would repeal the FET and immediately reduce the cost of new, cleaner, and safer trucks by 12 percent, making it easier for fleets to upgrade their equipment. “Eliminating this tax will remove a barrier to retiring older trucks that lack modern emissions control and safety technologies, allowing owners to replace them with modern, clean models that are safer and more environmentally friendly,” the coalition wrote.
Packaging Corporation of America reported second quarter 2023 net income of $203 million, or $2.24 per share, and net income of $209 million, or $2.31 per share, excluding special items. Second quarter net sales were $2.0 billion in 2023 and $2.2 billion in 2022. Reported earnings in the second quarter of 2023 include special items for certain costs at the Jackson, AL mill for paper-to-containerboard conversion related activities and closure costs related to corrugated products facilities and design centers.
Net sales in the second quarter were $3,109 million compared to $3,510 million in the second quarter of 2022 reflecting higher beverage can volumes in Americas Beverage and favorable foreign currency translation of $11 million, offset by the pass through of $288 million in lower material costs and lower volumes across most other businesses. Income from operations was $367 million in the second quarter compared to $466 million in the second quarter of 2022, which included a gain of $113 million for the sale of the Transit Packaging segment's Kiwiplan business. Segment income in the second quarter of 2023 was $414 million compared to $432 million in the prior year second quarter as benefits from the contractual recovery of prior years' inflationary cost increases in European Beverage and cost reduction initiatives in Transit Packaging were offset by lower volumes.
The 33.9 million euro investment is focused on equipment upgrades including purchasing state-of-the art machinery for innovative packaging to support ongoing plastic replacement and boost productivity as part of our ambitious growth strategy in the East European market. Starting with upgrades at Ierapetra's Box Plant this summer, the investments will not only advance packaging capabilities but also create a safer working environment. Investment into other sites located in Ancient Corinth and Thessaloniki will also see the modernization of equipment and minimize raw material waste. The investments support our customers’ growing demand for sustainable packaging innovations and align with our Now & Next Sustainability Strategy to deliver the circular economy.
Q2 2023 • Revenue of $1.75 billion, up 0.4 percent, or 0.5 percent in constant currency. • GAAP (loss) earnings per share (EPS) of $(0.41), down $0.36 year-over-year. • Operating cash flow of $95 million, up $180 million year-over-year. • Free cash flow of $88 million, up $186 million year-over-year.
“Earnings per share increased sequentially in the second quarter, a trend we expect to continue in coming quarters,” said Mitch Butier, Chairman and CEO. “Volumes in our Materials businesses continue to recover from slow market conditions, largely destocking, while our Intelligent Labels platform accelerates adoption into new categories. "While it's good to see the continuing sequential improvements in our Materials businesses and the building momentum in Intelligent Labels, the pace of our recovery is slower than anticipated. Our results for the quarter were below our expectation due to lower revenue, something the team was able to largely offset through cost reduction actions,” Butier added.
Quarter Highlights: *Delivered net sales of $5.1 billion, up 1 percent, with organic sales growth of 5 percent. *Gross margin was 33.7 percent, up 350 basis points; adjusted gross margin was 34.0 percent, up 380 basis points versus the prior year, driven by favorable net revenue realization and productivity, offsetting inflation. *Raised 2023 outlook for organic growth to 3% - 5%, and for adjusted earnings per share growth of 10% - 14%, with adjusted operating margin up 150 basis points at the midpoint versus last year.
FY23 third quarter service performance scores covering July 1 through July 14, included: *First-Class Mail: 92.0 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 95.3 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 87.7 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from fiscal third quarter.
In March 2023, Ahlstrom launched a consultation process with employee representatives at its Stenay plant in France about the possibility to divest the plant, and if a buyer cannot be found considering closure. After a long process to identify potential buyers, Ahlstrom has received a binding offer from Accursia Capital to acquire the Stenay plant. The potential acquisition is subject to consultation with employee representatives. Since the beginning of the consultation period, finding a buyer has been Ahlstrom’s priority. The group has been working actively with all the local economic and political stakeholders in the area to support the process of finding a buyer. With a strong commitment to achieving a positive outcome for all parties involved, Ahlstrom would be dedicated to making every effort during the transition to ensure the plant successfully enters its new chapter.
Despite the fact that the retail landscape continues to undergo massive waves of post-COVID evolution, there are many things that still haven’t changed — like the fact that consumers continue to go to physical stores to shop and that the physical portion of retailers' businesses still command the largest share of their revenues by a very large margin. Despite this, many retailers still only focus on the e-commerce sales impacts of their digital marketing, and ignore the in-store sales impacts because it's “difficult to measure.” This myopic focus is costing them — a lot. Web analytics tools or the measurements provided by the large platforms like Google and Meta have always relied on clicks to tell the story of campaign value. However, with major privacy changes in the market made by Apple and coming soon from Google, any measurement approach that relies on tracking individual consumers has been dying a death of a thousand cuts. Even measuring digital ads’ impact on e-commerce is getting a lot harder.
Q2/2023 (year-on-year) • Sales decreased by 22% to EUR 2,374 (3,054) million. • Operational EBIT decreased by 93% to EUR 37 (505) million. • Operational EBIT margin decreased to 1.6% (16.5%). • Operating profit (IFRS) decreased to EUR -253 (399) million. • EPS was EUR -0.29 (0.38) and EPS excl. fair valuations (FV) was EUR -0.27 (0.42). • Cash flow from operations amounted to EUR 146 (404) million. Cash flow after investing activities was EUR -70 (247) million. • The net debt to operational EBITDA ratio (last 12 months) was 1.7 (1.0). The target is to keep the ratio below 2.0. • Operational ROCE excluding the Forest division (last 12 months) decreased to 10.7% (21.7%), the target being above 13%.
Our Kingsport Mill is running again, using recycled fiber from a corrugated recycling partnership established with a regional grocery store chain and attracting customers from across the corrugated industry. After a successful two-year conversion project and the production of the mill’s first roll of 100-percent recycled containerboard in January, Domtar hosted a ribbon-cutting ceremony in May to celebrate the Kingsport Mill’s grand reopening. Local and state officials and employees joined together to mark this important milestone. The Kingsport Mill’s production has continued apace through the summer, thanks in part to a new corrugated recycling partnership established with Food City. The mill will collect and recycle old corrugated containers from the chain’s 140 stores and use them to produce 100-percent recycled performance linerboard and medium.
National Average Price for Regular Unleaded Current: $3.587; Month Ago: $3.581; Year Ago: $4.440. National Average Price for Diesel Current: $3.873; Month Ago: $3.897; Year Ago: $5.476.
American Dollar to Canadian Dollar = 0.757255; American Dollar to Chinese Yuan = 0.139266; American Dollar to Euro = 1.112486; American Dollar to Japanese Yen = 0.007075; American Dollar to Mexican Peso = 0.059042.
Crews estimate they will continue to battle last night's large commercial fire at an Industrial Way paper mill throughout Wednesday in Longview. Wood chip piles are fueling the blaze at Nippon Dynawave Packaging at 1701 Industrial Way near the entrance on the Longview side of the Lewis and Clark Bridge and Weyerhaeuser's gate 4 near Oregon and Industrial ways. A large plume of smoke could still be seen Wednesday morning.
Q2 2023 in brief • Net sales decreased 8% to EUR 1,052 million (EUR 1,147 million) • Comparable net sales growth at Group level was -2% and -2% in emerging markets • The impact of currency movements on the Group’s net sales was EUR -38 million and EUR -3 million on EBIT. Charles Héaulmé, President and CEO: “The market environment remained muted in the second quarter of 2023, as inflation affected consumption across categories and geographies. Destocking also continued to impact volumes during the second quarter, although at a lower level than during the first quarter. Our financial performance in the second quarter was in line with the first quarter of 2023, however it was soft compared to last year. Market conditions remained challenging, resulting in lower sales volumes. Our comparable net sales decreased by 2% in the second quarter but remained stable during the first half of the year. Adjusted EBIT decreased by 10% in the second quarter and 8% during the first half of the year, mainly due to lower sales volumes and the divested operations in Russia. Free cash flow continued to improve, reaching EUR 28 million during the second quarter and EUR 71 million during the first half of the year, driven by reduced working capital.
The Association of American Publishers (AAP) today released its StatShot report for May 2023 reflecting reported revenue for Trade (Consumer Books), Higher Education Course Materials, and Professional Publishing. Total revenues across all categories for May 2023 were flat as compared to May 2022, coming in at $846.8 million. Year-to-date revenues were up 0.7%, at $4.7 billion for the first five months of the year. Trade (Consumer Books) revenues were down 1.6% in May, coming in at $661.3 million. In terms of physical paper format revenues during the month of May, in the Trade (Consumer Books) category, Hardback revenues were down 0.3%, coming in at $233.5 million; Paperbacks were down 3.6%, with $239.5 million in revenue; Mass Market was down 41.2% to $6.1 million; and Special Bindings were down 21.5%, with $10.2 million in revenue.
Media mogul Barry Diller reiterated that he and other top publishers are prepared to take legal action over use of copyrighted works to train AI systems. Diller, the chair of Dotdash Meredith parent IAC, said on TV this week that tech firms like Google and Microsoft claim the “the fair use doctrine of copyright law allows them to suck up all this stuff,” according to The Hill. He added, “Of course, say we’re open to commercial agreements. But on the side of those people who are depending upon advertising, Google, for instance, they say, ‘Yes, we’ll give you a revenue share. Right now, the revenue share is zero. So, what percent of zero would you like today?”
Important reminder for companies still certified against the 2013 version of the PEFC Chain of Custody standard, or certification bodies issuing PEFC chain of custody certificates: any certificates issued against the 2013 version will no longer be valid as of 14 November 2023. If you are a company still certified against the 2013 standard, please reach out to your certification body for assistance or to organise your next audit against the 2020 standard. It is important to note that the transition to the new version does not impact the certification cycle, so it can happen during a surveillance audit. If you still have existing stocks of products and printed material covered by a 2013 chain of custody certificate and carrying the PEFC trademarks according to the previous 2008 Trademarks standard, you can still sell them once you have transferred your chain of custody system to the 2020 version of both these standards.
As part of the commitments laid out in its Twentyby30™ sustainability program to help advance responsible supply chains, Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com) has expanded its Aluminium Stewardship Initiative (ASI) certifications into the Asia Pacific region. The Company's Nong Khae and Crown TCP beverage packaging plants in Thailand were recently awarded the ASI Performance Standard certification, bringing the total facilities in Crown's network with the designation to 12. Crown's operations in Brazil and Mexico have also achieved ASI Performance Standard certification. The ASI Performance Standard addresses environmental, social and governance principles for the aluminum value chain, confirming the recipient's production practices are responsible. Beyond meeting the required criteria as part of an independent, third-party audit, the recent certifications in Thailand can be linked to advancing employee training around biodiversity, safety and human rights.
Call to correct mistakes in proposed amendments to EU Packaging and Packaging Waste Regulation that will penalize recyclable materials, like cardboard, while promoting the plastics industry. Imagine you’re in charge of regulating packaging in the European Union. You’re bringing in some new rules to reduce waste and pollution. So far, so good. But then it is revealed that an amendment mandating the reuse of packaging will cause a flood of plastic. That is exactly the opposite of what you’re trying to achieve. Do you vote for it anyway? The answer is obvious. Yet this is the exact dilemma now facing the EU, as it debates proposed amendments to the Packaging and Packaging Waste Regulation (PPWR).
North America’s newest high-speed web offset press doesn’t have a gas dryer. Thanks to a pioneering purchase by Bradford & Bigelow of a Manroland Goss Lithoman IV press equipped with an advanced LED-curing system from Baldwin Technology’s AMS Spectral UV brand. This combination of companies has brought a new leading edge to the high-speed web offset market. Bradford & Bigelow, based in Newburyport, Massachusetts, is one of North America’s leading printers of 8.5 x 11-inch textbooks and workbooks used for K-12 education. The new press is its second Lithoman. According to the printer, after producing books for years on a Lithoman, it was an easy decision for B&B to choose another Manroland Goss press. B&B has been a pioneer in the use of UV inks. Several years ago, the printer converted its sheetfed and Timsons web presses to AMS Spectral UV’s LED UV ink technology successfully. However, the technology had not been perfected for higher-speed webs like the Manroland Goss that run north of 30,000 impressions per hour.
Ahlstrom, a leading manufacturer of innovative fiber-based materials, in collaboration with adapa, a leading supplier of flexible packaging solutions, and Maped, a prominent stationery brand, is proud to introduce a groundbreaking flowpack solution for eraser packaging. Ahlstrom’s Cristal™ base papers are an optimum solution for transparent packaging. By partnering with adapa and Maped, the three companies have developed fiber-based window packaging for a popular school supply – erasers. "This collaboration between Ahlstrom, adapa, and Maped is an example of our shared dedication to sustainability and responsible business practices," said Guillaume Lavoue, Product Manager for Ahlstrom. “By offering a transparent paper alternative, we are empowering companies and consumers to find fiber-based alternatives for traditional plastic or film substrates without sacrificing functionality or aesthetics."
The second quarter was challenging with all-time low sales volumes and with currency-neutral net sales declining by 18% compared to the same period last year. The largest sales decline was in North America due to the continued inventory destocking resulting in production curtailments. This, in combination with historically high fiber costs in Europe led to a weak result. By all indications, the blastomycosis outbreak at the Escanaba mill is behind us. Following a three-week idling and deep cleaning of the facilities, operations were successfully resumed on the 8th of May. We continue to work closely with local, state and federal health experts as they complete their analysis of the testing and sample collection at the mill. Results will be made publicly available in due course. The negative financial impact of the outage and the deep clean was SEK 85 million in the quarter. From the 1st of April, our financial results are reported according to a regional structure. Business conditions differ vastly between Europe and North America, even if the current situation of high inventories and destocking applies to both regions. Region Europe’s profitability deterioration in the second quarter was primarily due to all-time-high fiber cost and soft volumes. Region North America on the other hand delivered a comparatively healthy margin, despite an operating rate of 50-60%, thanks to our cost-leadership and tight cost control.
Dear ACMA member or friend of the ACMA: Please play an important role by urging key Congressional committee members to intervene and stop Postmaster Louis DeJoy from continuing these punishing twice-a-year postal rate hikes. The July 9th increase was the third in the past 12 months. The action we're asking of you is fairly simple and easy, but requires two key steps: 1. The ACMA is a flagship member of the Keep Us Posted campaign, headed by former Kansas Congressman Kevin Yoder. Just use this platform to ask Congress to stop these rate hikes. 2. We have hand-selected you (and likely, a colleague or two from your company whom we also know) because your headquarters, your other facilities, or clusters of your employees are in districts of Congressional members who serve on the House Oversight Committee, the key committee that oversees the USPS. Please see the list below and use the Keep Us Posted letter as a template to write the appropriate representative separately from item 1 above. Send your letter by email to the contact listed below each Congressional member.
PEFC invites stakeholders globally to give their feedback on the second draft of ST 1004, Requirements for Certification Bodies operating Certification against PEFC Endorsed Forest Management Standards. This is the second public consultation for this vital benchmark standard, with the first consultation concluding earlier this year in January. The working group developing the document discussed the feedback received during the first consultation and revised the draft standard accordingly. Thank you to everyone that gave their feedback during the first consultation, we have tried to address all the comments in this new draft. Now we need to hear from you again. Give your comments, feedback, and suggestions, to help us ensure this standard meets your needs and expectations.
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 2.1% in June after increasing 1.2% in May. In June, the index equaled 116.5 (2015=100) compared with 114.1 in May. “While the tonnage index increased in both May and June, it remains in recession territory,” said ATA Chief Economist Bob Costello. “The index continues to fall from a year earlier and is off 1.9% from its recent peak in September 2022. A multitude of factors have caused a recession in freight, including stagnant consumer spending on goods, lower home construction, falling factory output, and shippers consolidating freight into fewer shipments compared with the frenzy during the goods buying spree at the height of the pandemic. However, the magnitude of the year-over-year declines is improving, perhaps pointing to a bottom in the freight market.” Compared with June 2022, the SA index decreased 0.8%, which was the fourth straight year-over-year decrease. In May, the index was down 2.4% from a year earlier.
Two Sides has written to the German retail group REWE about making misleading statements concerning the environmental impact of print communications. Two Sides, the global organisation dedicated to promotion of the sustainability of print, paper and paper packaging, has written to REWE following the German retail group’s published decision to cease production of its weekly promotional paper flyers from 1st July 2023. In a press release published in July 2022, REWE stated that: “This will have a huge impact on the environment, climate, and the sustainable use of resources, saving more than 73,000 tonnes of paper, 70,000 tonnes of CO2, 1.1 million tonnes of water, and 380 million kWh of energy per year.” Two Sides believes that these statements are sensational and misleading in terms of their environmental claims and the statistics used.
NOVA Chemicals Corporation has made a significant expansion of its Circular Solutions business today by announcing an investment into developing its first mechanical recycling facility in Connersville, Ind. The facility will process post-consumer plastic films to produce the company’s SYNDIGO™ recycled polyethylene (rPE) at commercial scale as early as 2025, delivering over 100 million pounds of rPE to the market by 2026. NOVA Chemicals plans to expand its recycling footprint over the next several years to help it reach its industry-leading 2030 ambition of 30 per cent recycled content as a share of its total polyethylene sales. The company recently announced its 2030 Roadmap to Sustainability Leadership aspirations, including its anticipated investment of between US$2-4 billion by 2030 to expand its sustainable product offerings, decarbonize its assets, and build a state-of-the-art mechanical recycling business while exploring new advanced recycling technologies.
Amcor announced its AmFiber™ Performance Paper packaging is now available to customers in Latin America seeking a high barrier, recyclable paper-based packaging solution. Launched first for the confectionery market with cold seal, it has been recently expanded to include heat seal sachets for dry culinary and beverage applications, such as instant coffee, drink powders, spices, seasonings, and dried soups. With more than 80% paper fiber content and PVDC-free, this latest material innovation is recyclable, where a paper recycling stream exists. In addition to expanding its application to new product categories, Amcor has invested in manufacturing capacity to meet growing global demand for this kind of paper packaging, including an integrated a state-of-the-art production line in its Amcor Flexibles Alzira plant in Spain.
Congratulations are in store for Scott Pierquet, who was named CFO of the Year by In Business magazine in the large business category. At the inaugural CFO of the Year Awards, In Business magazine celebrates top financial professionals for their role in their organizations' growth, vitality, and future in the Madison market. This award and honor for Scott could not be more well-deserved. Scott has been with Royle for the last 21 years, serving as the Director of Finance and, in 2022, was promoted to CFO.
Sun Chemical received a silver rating for its sustainability efforts across all business units and regions from EcoVadis, the world’s largest provider of business sustainability ratings. The silver rating places Sun Chemical in the top 25 percent of rated companies within its business sector and was earned through EcoVadis’ assessment in four categories—environment, ethics, labor and human rights, and sustainable procurement. “Recognition from EcoVadis is an exciting milestone in Sun Chemical’s journey toward sustainability,” said Mike Simoni, Global Sustainability Director, Sun Chemical. “This award is a strong reflection of our dedication to improving eco-efficiency and providing industry advancements in sustainability as we work with DIC Corporation toward our goal of carbon neutrality by 2050.”
While the material and equipment costs of the traditional two-step lamination process were once a deterrent in choosing lamination over synthetic paper, the environmental impact of using lamination has arrived as the key detractor for choosing lamination as robust sustainability initiatives have become the norm across nearly every industry. This leaves end users and printers alike with an important question: Are there sustainable alternatives to traditional laminates that offer the same degree of substrate strength and protection? The short answer is yes, and, here, we’ll look at a couple of ways choosing sustainably manufactured synthetic paper can provide superior protection for your print media in a more eco-friendly way. Synthetic paper is manufactured to be 100% recyclable. While some laminates can be recycled and reused for other purposes, the process involves removing the laminate from the substrate, which is a time-consuming and costly process.
Imagine a paper vase, where a “grass” grows, made from popcorn, suitable for consumption by your pet and, even better, rich in fiber, nutrients and mineral salts . The innovation is already available in Brazil, authored by agronomist Márcio Alexandre, better known as “Dr. Plant”, and can already be found in pet shop chains across the country. To package the product, Klabin's KlaCup Natural Kraft® paperboard was chosen, which added sustainability to delivery and, once again, reinforced its versatility and efficiency. For this initiative, Klabin, the largest producer and exporter of paper for packaging and sustainable solutions in paper packaging in Brazil, innovated in the application of KlaCup Natural Kraft®, creating an ideal product for the preservation and commercialization of the content, which has, including , its cover produced in paper.
The recent research report from Two Sides Europe, the ‘Trend Tracker Survey 2023’, seeks to understand changing consumer perceptions towards print, paper and paper-based packaging, looking specifically at their environmental perceptions, reading habits, packaging preferences and attitudes towards tissue products. The print and paper industry is surrounded by myths, many of which are rooted in historical misconceptions about paper’s impact on forests. The need to bust these myths and raise awareness of paper’s sustainability is now more important than ever. When consumers were asked to rate several industries/activities and which they believe has the most impact on forests, paper and pulp came out as the least damaging.
Huhtamaki, a leading global provider of sustainable packaging solutions for consumers around the world, is making a significant investment in its Paris, Texas facility in the U.S. The investment consists of an expansion of its manufacturing capacity as well as a consolidation of an external warehouse. The investment into production assets is approximately USD 30 million, and the warehouse and manufacturing facility will be leased. This will significantly increase the North America business segment’s capacity in folding cartons to support the growth of the Foodservice business. Production is expected to start ramping up in Q1 2025 and will be key to servicing the growth of existing customers and a growing list of up-and-coming customers throughout the Southern and Midwestern states. The Paris facility is uniquely positioned to meet the increased demand in the U.S. for more innovative and sustainable folding cartons which provide convenient, safe and hygienic food for busy consumers. The site is expected to employ up to 80 employees within the first three years.
The French 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 24 July to 21 September 2023. PEFC France revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. The revised French Forest Certification System also includes new Trees Outside Forests (TOF) requirements. TOF certification was one of the innovative developments of the 2018 PEFC Sustainable Forest Management standard.
PRINTING United Alliance, the most comprehensive member-based printing and graphic arts association in North America, and Domtar, a leading provider of a wide variety of fiber-based products; announce that the two companies have partnered to launch a special sustainability program for PRINTING United Expo 2023. In this partnership, Domtar has committed to working with local small forest landowners to dedicate land to plant two trees for every registration made for the 2023 Expo, being held in Atlanta, Georgia, on October 18-20. Domtar will additionally highlight other sustainability initiatives, products, and services at its booth on the show floor where attendees can learn more. “Attending the latest Major American Trade Show Organizers (MATSO) meeting in Anaheim, CA, I was able to participate in a group discussion around sustainability and got to hear to what the other top Expos are doing in this space,” says Mark J. Subers, president, PRINTING United Expo. “As the printing and packaging industry, with great partners such as Domtar, we can take actionable steps to not only ensure we are following best practices, but to also be proactive. I’m thrilled that the team at Domtar is collaborating with the Alliance to drive this initiative forward.”
Sylvamo is releasing its first environmental, social and governance (ESG) report, demonstrating its commitment to building a better future on the promise of paper. The report illustrates the company’s 2022 contributions to the circular, low-carbon economy while improving people’s lives where it does business. “We are excited to release our first report, which highlights our progress toward our 2030 goals,” said James McDonald, chief sustainability officer. “Our strategy will help Sylvamo remain a sustainable company that generates profits for our shareowners, protects the environment and improves people’s lives.”
Mondi, a global leader in packaging and paper, is investing €16 million in new technology to produce a new packaging range called FunctionalBarrier Paper Ultimate. This ultra-high barrier paper-based solution for food meets growing customer demand for sustainable packaging that contributes to a circular economy. The new addition expands Mondi’s existing portfolio of FunctionalBarrier Papers providing high-barrier paper-based packaging for food products such as dried foods and powdered milk as well as for applications in the home and personal care industry. These products require packaging that offer protection from water vapour and oxygen and can ensure a long shelf life. The current industry standards to achieve this level of barrier protection are unrecyclable solutions made of plastic or lined with aluminium. Mondi’s FunctionalBarrier Paper Ultimate range is designed to be recyclable in paper waste streams across Europe while providing the necessary product protection.
FY23 fourth quarter service performance scores covering July 1 through July 7, included: *First-Class Mail: 92.5 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 95.6 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 87.9 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from fiscal third quarter.
The strike that hit the Western Canada ports, including the country’s largest, the Port of Vancouver, has ended after the International Longshore and Warehouse Union (ILWU) Canada and waterfront employers reached a deal on a tentative four-year contract, reported Reuters. The agreement still needs to be ratified by both sides. The walkout started on July 1 when roughly 7,500 dock workers represented by the ILWU walked off the job after failing to reach a new contract.
In the U.K., Harry Sussex is a prince and a duke. In the U.S., he’s the lord regent of the bestseller list, with his blockbuster Spare—written with J.R. Moehringer—selling nearly 1.2 million copies and taking the crown for top-selling title of the first half of this year at outlets that report to Circana BookScan. But Colleen Hoover remains the bestselling queen. Seven of the writer’s works make up one-third of the top 20 adult titles of the year to date, and are nearing the four million mark in combined sales. If anyone is to get the credit for shaping this bestseller list, however, it’s the young people on TikTok. In addition to Hoover, Bonnie Garmus, Emily Henry, and Taylor Jenkins Reid all hit the list thanks at least in part to online fervor, with Reid reaching it twice with two backlist titles, BookTok favorite The Seven Husbands of Evelyn Hugo and 2019’s Daisy Jones & the Six, the latter helped into the top 20 by the TV adaptation that hit Amazon Prime in March.
Amcor Rigid Packaging (ARP) is excited to partner with Ron Rubin Winery for the launch of BLUE BIN, the first premium wine packaged in a 750mL bottle made from 100% recycled polyethylene terephthalate (rPET) plastic. PET allows BLUE BIN’s bottles to have several environmental advantages when compared to traditional wine packaging, including a reduction of greenhouse gas emissions, global warming, and other environmental impacts. Additionally, PET wine bottles are lighter and shatterproof, allowing wine enthusiasts to enjoy BLUE BIN at places they previously may not have been able to, including at the beach, by the pool, camping and other outdoor activities.
R.R. Donnelley & Sons Company released its 2023 (Un)Packaging Reality Report, revealing how brands navigated last year’s market pressures and shortages to ease certain supply chain challenges and meet eCommerce demands. The second edition of RRD’s annual report now includes complementary input from label decision makers, in addition to the original audience of packaging decision makers. According to the report, those citing product-related concerns dropped to 20% from the previous 34% while concerns surrounding packaging materials and transportation also mellowed. Meanwhile, eCommerce orders rose for 60% of respondents. Despite this challenging environment, 77% claimed their organizations moved closer to sustainability goals.
Billerud has agreed with the investment company Mimir Group about a divestment of Managed Packaging, which offers packaging solutions to global brand owners. The transaction is expected to be completed during August 2023. The intention to divest the business unit Managed Packaging is a consequence of Billerud’s focus on packaging materials, which means a reduced strategic importance of service offerings. The sale will reduce complexity and positively impact Billerud's EBITDA margin.
Following the announcement of a tentative agreement in the labour dispute at B.C. ports, Canfor Pulp Products Inc. is announcing that Northwood Pulp Mill in Prince George will resume production next week (the week of July 17).
Norske Skog’s EBITDA in the second quarter of 2023 was NOK 380 million, a decrease from NOK 675 million in the first quarter of 2023. The main driver for the lower second quarter EBITDA was lower publication paper sales prices. The cash flow from operations in the quarter was NOK 353 million. During the second quarter Norske Skog entered the packaging paper market with a successful production start-up of Bruck PM3, and the first rolls of packaging paper delivered to customers. The rockslide at Norske Skog Saugbrugs will likely keep the paper machine PM6 out of the publication paper market through the first half of 2024. An insurance compensation for business interruption is therefore recognized in the second quarter results. The start-up of the Golbey conversion project is postponed to the second quarter of 2024. Despite the rockslide at Norske Skog Saugbrugs and weakened demand in all segments in the quarter, we have managed to maintain high sales volumes, healthy profitability and a strong financial position.
The FSC Interim Forest Stewardship Standard (IFSS) for Non- Timber Forest Products (NTFPs) for Vietnam has been published. Organizations can now certify their NTFPs, supporting the promotion of responsible forestry around the world by ensuring social responsibility, environmental protection, and economic sustainability. In Vietnam, NTFPs including bamboo, rattan, bamboo shoots, edible plant, fruit, and herbal plants carry good potential for organizations and communities to generate additional income from forest resources; especially for natural forests over which a logging ban has been put years ago. Thus, NTFP utilization can have many positive impacts on rural livelihood. The rubber sector in Vietnam includes both larger corporate forests and plantations managed by smallholders. This standard will help to remove bottlenecks and boost the supply of FSC certified NTFPs such as bamboo, rattan, oil from community/ natural forests, and latex from rubber plantations which are increasing in demand in Vietnam, thereby supporting sustainable forest management.
The Postal Service announced the launch of its new shipping offering, USPS Ground Advantage. The enhanced ground solution provides a simple, reliable, and more affordable way to ship packages in two-to-five business days across the continental United States. “USPS Ground Advantage is a game changer – for our customers, the industry and USPS. By efficiently and effectively integrating our ground transportation model to the magnificence of our last mile delivery operations, we can now offer the most compelling ground shipping offering in the market,” said Louis DeJoy, United States Postmaster General and CEO. “With USPS Ground Advantage, we are ready to compete for an increased share of the growing package business.” USPS Ground Advantage provides America’s businesses and the public with a compelling new ground shipping option leveraging USPS’ unparalleled last-mile delivery route system and improving integrated mail and package postal logistics network. With the product’s launch, USPS is retiring three offerings: USPS Retail Ground, USPS Parcel Select Ground and USPS First-Class Package Service as well as Ground Returns and First-Class Package Return Service.
Grainger announced the release of its 2023 Environmental, Social & Governance (ESG) Report on www.GraingerESG.com. The report, which covers the fiscal year that ended Dec. 31, 2022, highlights how Grainger's purpose-driven culture directly supports its ESG initiatives. The report also emphasizes Grainger's focus on four key priorities: Customer Sustainability Solutions, Supplier Diversity, Energy and Emissions, and Diversity, Equity and Inclusion (DEI).
Pixelle Specialty Solutions announced the launch of its new ARMOR™ brand of barrier paper solutions, featuring FlexArmor™ for uncoated applications and SelectArmor™ with a coated surface for enhanced printability. The barrier papers portfolio features a wide range of capabilities from oxygen, aroma, and mineral oil barriers to chocolate, OGR and moisture vapor barriers among several others. Barriers can be applied individually or layered to enhance packaging performance. “The ARMOR™ portfolio is supported by a team of engineers across multiple mill locations who can tailor a solution to meet specific performance requirements,” said Bob van Helden, Senior Vice President, Sales & Marketing. “For those with a more standard packaging application, Pixelle offers preengineered, off-the-shelf solutions that are available today,” said van Helden. FlexArmor™ and SelectArmor™ are PFAS-Free and plastic free. Both product lines are available as FDA-approved for direct and indirect food contact. Basis weights range from 20lb. to 150lb. with functional one-side (F1S) and functional two-side (F2S) performance options. Wet strength is available along with bleached and unbleached options.
ANDRITZ will convert the idled paper machine PM3 at Steyrermühl mill in Austria to produce kraft papers for sustainable flexible packaging. The machine previously produced graphic paper for UPM. The conversion project has been launched by the Heinzel Group, which will take over the Steyrermühl mill from UPM by January 1, 2024. Once rebuilt by ANDRITZ, the paper machine (then PM6) will produce up to 150,000 tons of brown and white low-basis weight kraft paper per year to be sold under the Heinzel Group’s well-established StarKraft brand. The paper will be used for shopper bags, pouches, and other flexible packaging products. Werner Hartmann, COO of Heinzel Pöls, says: “With this investment, StarKraft will become one of the world’s leading brands for bleached and unbleached kraft paper. ANDRITZ PrimeLine technology is already successfully operating at our Pöls and Laakirchen mills. The current rebuild by ANDRITZ will help us expand our product portfolio for sustainable packaging.”
Fire crews from Port Alberni, Cherry Creek, Beaver Creek and Sproat Lake fire departments took hours to put out a fire in the Paper Excellence Catalyst paper mill in Port Alberni on Friday. Just before 3 p.m., 911 dispatch informed the Port Alberni Fire Department that a barge carrying hog fuel — unrefined wood byproduct used in biomass burners and construction — was on fire. Port Alberni Deputy Fire Chief Wes Patterson said that the majority of the fire was initially contained to a conveyor belt system used to unload the barge with hog fuel. “As the wind picked up, as it usually does in the afternoon in the Port Alberni inlet, it started to blow these embers onto the land and started to cause spot fires,” Patterson said..
Lane Press is pleased to announce to its customers and the magazine publishing industry that it has upgraded its inkjet bindery line to the new CME HAWK M7 4.25-inch head UV inkjet addressing system provided by Capital Mailing Equipment. This upgrade will enable Lane Press to offer its customers even more coverage options for addressing as well as increased speed and efficiency. The new CME HAWK M7 inkjet addressing system is a state-of-the-art technology that combines high-speed printing with advanced UV curing and addressing capabilities. The system’s UV curing technology enables faster drying times. Using multiple head combinations, the CME HAWK M7 can print variable addressing information in any direction on a wide range of substrates. “The CME HAWK M7 increases the speed of production in our bindery,” says Chris Armstrong, Executive Vice President. “As such, the system helps to support Lane’s plans for growth. Maintaining high quality while increasing capacity and production speed is our goal, and the CME HAWK M7 is an investment that helps us achieve it.”
The United States Postal Service reported new delivery performance metrics for the thirteenth week of the third quarter for fiscal year 2023 showing improved delivery performance across all mail categories. The average time for the Postal Service to deliver a mailpiece or package across the nation was 2.5 days. FY23 third quarter service performance scores covering April 1 through June 30, included: *First-Class Mail: 92.4% of First-Class Mail delivered on time against the USPS service standard, an increase of 1.4 percentage points from the fiscal second quarter. *Marketing Mail: 95.9% of Marketing Mail delivered on time against the USPS service standard, an increase of 1.3 percentage points from the fiscal second quarter. *Periodicals: 88.6% of Periodicals delivered on time against the USPS service standard, an increase of 2.1 percentage points from the fiscal second quarter.
While a tentative contract agreement has been reached at West Coast ports, that doesn’t mean supply chain disruptions are over. Retailers are closely following labor disputes at ports in western Canada and a potential Teamsters strike against United Parcel Service. In Canada, workers are on strike at two of the country’s busiest ports: the Port of Vancouver and the Port of Prince Rupert. The walkout started on July 1. Here at home, the Teamsters Union and UPS last week accused each other of abandoning labor negotiations which are aimed at averting what would be the largest strike in the U.S. since the 1950s.
After failed attempts to sell the Stockstadt site, Sappi decided launch consultations on the future of the fine paper mill. On 14 April 2023 Sappi announced that the negotiations to sell its Stockstadt, Germany; Maastricht, The Netherlands; and Kirkniemi, Finland, mills could not be completed and the sale had lapsed. Sappi Stockstadt is an integrated pulp and paper mill producing 145,000 tpy of pulp which is converted to 220,000 tpy of coated and uncoated woodfree paper mainly sold into the European print market.
The spirit of family-owned businesses is the heart of Wisconsin's vibrant economy, a testament to resilience, innovation, and shared values passed from generation to generation. The Wisconsin Family Business of the Year award recognizes this extraordinary spirit, shining a spotlight on the positive impacts that family businesses bring to their communities and the state's economy. Since its inception in 2004, the award program has recognized over 100 family-owned businesses, each unique, but all united in their commitment to community, innovation, and the enduring values of family enterprise. To be included among these outstanding businesses is an immense honor that highlights the exceptional journey of SPI. Being nominated for the 2023 Wisconsin Family Business of the Year award is a testament to our dedicated team that works tirelessly to uphold our founding principles.
Mondi plc has agreed to acquire the 250,000 tonne per annum Hinton Pulp mill in Alberta, Canada, from West Fraser Timber Co. Ltd (West Fraser) for a total consideration of USD 5 million. As part of the transaction, Mondi will enter into a long-term partnership with West Fraser to access local, high-quality fibre from a well-established wood basket. The intention, subject to pre-engineering and permitting, is to invest €400 million in the expansion of Hinton, primarily for a new 200,000 tonne per annum kraft paper machine, anticipated to be operational from the second half of 2027. The acquisition of the mill, and investment in the paper machine, will fully integrate operations in the Americas and enable Mondi to secure the long-term supply of high quality, cost competitive kraft paper into its network of 10 paper bags plants in the region, better positioning Mondi to support the growing market demand for industrial and mailer bags.
Costco Wholesale Corporation reported net sales of $22.86 billion for the retail month of June, the five weeks ended July 2, 2023, an increase of 0.4 percent from $22.78 billion last year. For the forty-four weeks ended July 2, 2023, the Company reported net sales of $196.93 billion, an increase of 4.6 percent from $188.34 billion during the similar period last year.
Tuition.io, a leading education assistance benefits provider, has acquired Wiley’s (NYSE: WLY) Tuition Manager business, which enables employers to offer a range of tuition assistance benefits to their workforces. Terms are undisclosed. The acquisition is the culmination of a successful relationship between Tuition.io, Wiley and HostedHR dating back more than four years. It continues Tuition.io’s growth as a leading Education Assistance service provider, allowing Tuition Manager customers to take full advantage of Tuition.io’s modern, highly configurable and customizable platform to offer a wide range of differentiated benefits to their workforces.
American Trucking Associations President and CEO Chris Spear issued the following statement about the California Air Resources Board’s new Clean Truck Partnership: “We’ve long advocated for a single, national standard that respects and preserves interstate commerce. However, the trucking industry shouldn’t be strong armed by the government into an agreement with such terms. “Our association represents motor carrier members – the paying customers who will inherit the costs of this agreement – and we will not roll over nor relinquish our right to litigate with any party when our interests are threatened. It is clear that America has lost its way when the government bullies the private sector to succumb to unachievable timelines, targets and technologies.”
Brazilian beverage producer Socorro Bebidas (Socorro) has expanded its partnership with Crown Embalagens Metálicas da Amazônia S.A., a subsidiary of Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com), to launch Acquíssima Sabor flavored mineral water in 350ml (12oz) CrownSleek cans. The premium zero-calorie drink features natural aromas, offering a health-conscious alternative for consumers to stay hydrated and incorporate key nutrients into their daily diets. The line made its debut with two flavors, Lychee and Green Apple, and is currently available in Acquíssima stores, restaurants and supermarkets in Brazil. Socorro also previously utilized CrownSleek cans to package its Acquíssima mineral water brand, its first entry into the water market. Total canned water volume in Brazil has increased by nearly 7x between 2021 and 2022, demonstrating a growing trend in the region for water packaged in aluminum and a continued shift away from tap and bulk water. When considering the package format for the brand, Socorro knew it needed to help convey the refreshing and health-conscious nature of the beverage, while also delivering on sustainability. The inherent properties of metal packaging, including providing a powerful barrier against light and oxygen, helps maintain the product's freshness. Aluminum beverage cans are also infinitely recyclable and are the most recycled beverage package in the world. These characteristics resonate with Brazilian consumers, who have recently helped drive the country's recycling rate for aluminum beverage cans to an astounding 100%.
The plastic recycling capacity in Europe is growing according to a recent study made by Plastic Recyclers Europe and is expected to continue growing with the coming legislation on packaging as a key driver. The demand for PCR (Post-Consumer Recyclates) material is expected to increase significantly and Trioworld is investing heavily to meet the demand and secure the supply of PCR for our customers. The study from PRE shows that plastic recycling capacity grew 8 % between 2018 to 2020 alongside considerable improvements in collection, sorting and recycling leading to a growing uptake in a wider range of end applications. “In 2022, Trioworld decided to invest more than 50 million EUR in expanding our recycling capabilities. Investments that will make it possible to supply high-quality post-consumer recycled material to stretch film”, says Oskar Karlsson, CPO and VP Sustainability at Trioworld Group.
International technology group ANDRITZ received an order from Norske Skog Skogn to supply a thermomechanical pulping (TMP) line for its newsprint mill in Levanger, Norway. The ANDRITZ solution combines secondhand and new equipment to provide a customized package that precisely fits the local conditions. The new line will allow Norske Skog Skogn to change its raw material mix and thus reduce variable costs and the environmental impact of its operations, in particular NOx emissions, fossil CO2 emissions, and landfilled waste.
National Average Price for Regular Unleaded Current: $3.537; Month Ago: $3.553; Year Ago: $4.752. National Average Price for Diesel Current: $3.847; Month Ago: $3.917; Year Ago: $5.698.
American Dollar to Canadian Dollar = 0.748519; American Dollar to Chinese Yuan = 0.138257; American Dollar to Euro = 1.089425; American Dollar to Japanese Yen = 0.006980; American Dollar to Mexican Peso = 0.057970.
Lecta presents its first Sustainability Report integrating the three essential areas – environmental, social and governance – used to assess the sustainable performance of organizations. In 2022, Lecta formalized a complete ESG strategy as a key pillar of its long-term corporate activities, and in this first 2022 Sustainability Report it specifies the most relevant aspects and ambitious improvement objectives with a view to the 2030 Agenda. Key Performance Indicators (KPI) are also well defined in order to measure our continuous progress in this commitment. "We have been working for a long time on sustainability issues, and we have now formulated clear targets and our roadmap toward 2030," states Gilles Van Nieuwenhuyzen, CEO of Lecta.
Industry-leading Turkish flavour company Aromsa, whose products include sauces, toppings, extracts and seasonings, was faced with a challenge. The company was fully committed to its sustainability strategy, but it had also started to work with a new customer who wanted to use stainless-steel containers for shipping. This would require an investment into approximately 250 stainless-steel containers, which is a costly packaging solution. In addition to high price, there are also the logistical costs of storage and maintenance, washing and sterilising the containers. Mondi was invited to develop an alternative solution and proposed the TankerBox which Aromsa trialled on their production line. After a few months of close collaboration and innovation at the Aromsa facilities, the TankerBox was ready for Aromsa’s commercial use. Produced from corrugated cardboard and developed as a substitute for the traditional Intermediate Bulk Container (IBC) and metal barrel, the TankerBox is an innovative product and a more sustainable solution. Its patented design consists of 5 parts: an outer box, inner octabin, angle frame, bottom star and top cover pieces.
The new FSC Interim Forest Stewardship Standard (IFSS) for Slovenia has been published and becomes effective from 01 October 2023. Forest Stewardship Standards (FSS) are the key mechanism to transfer FSC’s Principles & Criteria into forest management on the ground. They are FSC‘s tool to promote responsible forestry around the world, by ensuring social responsibility, environmental protection, and economic sustainability. The process for developing the IFSS for Slovenia included consultations with various stakeholders, reaching a consensus with social, environmental, and economic interests. An additional public consultation of the HCV Framework was conducted to raise awareness in interested parties on this process, and to organize open discussion on key changes. Relevant comments were incorporated into HCV Framework draft, and one representative of environmental interests said: "It is the first time that the protection of sacred natural sites in Slovenia is mentioned in this kind of document."
Over the last two decades, technology has become part of almost every facet of our lives. The expansion of broadband, smartphones and portable technology has changed how we communicate, access information, work and learn. While many of these changes are positive, there is growing evidence that this isn’t always the case. In recent years, there has been a gradual shift away from paper-based learning materials in schools toward digital and online tools. This shift accelerated rapidly during the pandemic when almost all schools moved lessons online. Research has shown that this increasing reliance on digital methods and resources may be negatively affecting the ability of students to learn and remember information. There is also growing concern about the impact of digital technology on mental and physical health. A 2018 meta analysis examined 54 studies involving more than 171,000 readers that compared reading from digital text with reading from printed text. The analysis found that comprehension was better overall when people read printed as opposed to digital texts.
Today, too much plastic waste ends up in incineration or landfill in the EU instead of being recycled back into new products. According to the latest statistics, 35% of post-consumer plastic waste went to recycling, 42% to energy recovery and 23% to landfill in 2020*. High-quality recycling of plastics is an important contributor to our climate goals both at the EU level, within member states and for companies. Together with our customers, we at Trioworld can increase the amount of plastic waste going to recycling. The goal for the EU is to be climate neutral by 2050 to achieve the objectives of the Paris Agreement. The transition to a climate-neutral society, with net zero emissions of greenhouse gases, is both an urgent challenge and an opportunity to build a better future. The strategy to reach this objective is called the European Green Deal and one essential aspect is the new circular economy action plan. A new regulation is now being negotiated stating that all packaging on the EU market needs to be reusable or recyclable in an economically viable manner by 2030. This regulation will also come with requirements for the amount of recycled plastic allowed within the packaging.
Keep US Posted — a nonprofit advocacy group of consumers, nonprofits, newspapers, greeting card publishers, magazines, catalogs and small businesses — is warning Americans that stamp prices are set to increase on July 9 for the second time in 2023, and cautioning that if such unprecedented and excessive postage increases continue, Americans could be facing a government bailout of the U.S. Postal Service. The July increase marks the third such increase in 12 months — the most mailing rates have increased during the U.S. Postal Service’s 247-year history. Yoder continued, “DeJoy’s stated intent has been to use stamp increases to bring in additional revenue, yet each hike drives down mail demand at a progressively faster rate and increases internal costs, meaning less revenue for USPS, no matter how much more a stamp costs. The result is additional strain on the system. Congress passed bipartisan postal reform in 2022 intending to prevent these excessive postage increases by bringing financial solvency to the Postal Service but USPS, under DeJoy’s leadership, has plowed ahead with pre-planned stamp increases, which will continue every six months. The American people need Congress to step in now and bring additional oversight to the USPS rate strategy, otherwise we could be looking at a situation where a federal bailout is necessary."
Ahlstrom, a leading sustainable specialty materials company, takes another step in becoming the market leader in sustainable and plastic-free solutions with a non-heat sealable tea filter range, which has received certification for home compostability according to OK Compost from TÜV Austria. This certification gives customers assurance that non-heat sealable tea filter papers RegTea Green and RegTea TrulyNatural® ranges will biodegrade in home composting conditions, leaving behind no toxic residue or microplastics. These products can help Ahlstrom customers, whether converters or brand owners, to achieve their own sustainability goals.
Solenis, a leading manufacturer of specialty chemicals used in water-intensive industries, has completed its previously announced acquisition of Diversey Holdings, Ltd., effective July 5, in an all-cash transaction valued at an enterprise value of approximately $4.6 billion. Diversey is a leading provider of hygiene, infection prevention and cleaning products and technology. With the acquisition, Solenis has grown to an enterprise operating in over 130 countries with 71 manufacturing facilities and more than 15,000 employees. Headquartered in Wilmington, Delaware, Solenis was acquired by Platinum Equity in 2021. Bain Capital, the majority shareholder of Diversey, will hold a minority stake in Solenis as a result of this transaction.
The North Carolina Wildlife Federation has announced the 59th Annual Governor’s Conservation Achievement Award recipients- naming Atlantic Packaging as the Business Conservationist of the Year. The NCWF is dedicated to protecting, conserving, and restoring North Carolina wildlife and habitat and have been doing so for the past 78 years. They founded the Governor’s Conservation Achievement awards in order to recognize and honor those individuals and organizations with a strong commitment to protecting and conserving wildlife in NC. Atlantic Packaging actively engages its 800 employees across North Carolina in conservation efforts, providing sustainability and conservation education to inspire more sustainable practices both at work and at home. As a leader in sustainable packaging, their influence extends to cities like Charlotte, Greensboro, and Wilmington, where they collaborate with local organizations to promote environmentally conscious practices during major events and contribute to coastal beautification. Through partnerships, investments, and outreach efforts, Atlantic Packaging impacts conservation initiatives, fostering positive change in North Carolina and beyond.
Rottneros has entered into a long-term Power Purchase Agreement (PPA) including Guarantees of Origin (GoOs) with the third largest German energy group Energie Baden-Württemberg (EnBW). The utility will supply Rottneros with just over 30 GWh/annum of clean energy delivered from the 116 MW Målarberget wind farm in Sweden over an 8.5-year period starting in 2025. The partnership marks an additional step in Rottneros’ ambitions to reduce the environmental impact of its operations and its exposure to the volatile and uncertain electricity market. Rottneros’ goal is a fossil-free production according to GHG Scope 1 & 2 by 2030. The emissions from Rottneros’ operations come mainly from its external purchase of electricity, which is also their third largest variable cost item. In addition to helping Rottneros meet its climate targets, long-term PPAs are part of the company’s active work to reduce its long-term exposure to electricity price movements.
Present in Santa Catarina for over 50 years, Klabin remains committed to promoting environmentally responsible actions that contribute to the sustainable development of the region. The results of the Company's effort can be seen in the 2023 Public Summary of Klabin's Forest Management Plan in the state, now available to society at the link. The document brings important evolutionary data on the forestry management adopted by the company, as well as on the environmental education actions implemented by the company. According to the material, Klabin's forestry base reached 141 thousand hectares, distributed in 44 municipalities in Santa Catarina, in the West, Middle West, Serra Catarinense, North and Alto Vale regions, in addition to the Northeast, Center Northeast and East of Rio Great South. The Company also has forests in Paraná and São Paulo, with information available in separate documents.
Paper Excellence Canada today announced it has once again been voted one of Canada’s 2022 Best 50 corporate citizens by Corporate Knights. Paper Excellence Canada is a diversified manufacturer of pulp and paper, including printing and writing, packaging, and specialty papers. The Best 50 award is judged using key performance indicators that relate to the organization’s raw resource use, emissions profile, social performance, safety performance, and percentage of revenue from clean sources. “We continue to be proud of our long association with Corporate Knights and their Best 50 program. Our sustainability report, Forward Focused: 2022 Sustainability Report, was just published last week and I encourage anyone interested in Paper Excellence Canada to read it,” said Graham Kissack, Vice President, Environment, Health & Safety and Corporate Communications.
UPM has signed an agreement on the sale of the recovered paper sorting plant ASK Kinsau in Germany to the Fisel Holding GmbH & Co. KG, a recovered logistics and municipal waste disposal company. The sale and purchase agreement includes the site and buildings. The parties have agreed not to disclose the purchase price. All employees of ASK Kinsau will be transferred to the new owner. “We are pleased, having found a long-term oriented and innovative buyer for the Kinsau site. The Fisel Group has a high level of expertise in handling recovered paper. As an integral part of this recycling company the sorting facilities could be better developed and optimized,” says Marco Kulterer, responsible for RCP Supply Chain & Operations at UPM Sourcing.
Greg Hoskins’ Better Newspapers Inc. has acquired the Park Hills Daily Journal (Missouri), Fredericktown Democrat News, Farmington Press and Advantage (Michigan) from Lee Enterprises, Terms were not disclosed. “I am happy to now include The Park Hills Daily Journal, Democrat News, Farmington Press and Advantage as part of our growing, premium newspaper company,” says Greg Hoskins, Publisher at Better Newspapers. Hoskins pledges “a heightened amount of news content, with an emphasis on increasing local news.”
Metsä Board’s folding boxboard capacity expansion at its Husum mill in Sweden is reaching its final phases before start-up. Once the expansion is completed, the mill’s BM1 folding boxboard machine will be delivering 600,000 tonnes of premium lightweight folding boxboard every year to consumer packaging and food service end uses all around the world. The extended BM1 is expected to start up during the second half of 2023 and to reach full capacity by the end of 2025, but the machine extension is only part of this impressive project. “The most important outcome of this project for our customers will be the increased availability of sustainable, lightweight products that help reduce packaging carbon footprint,” says Jonas Adler, Product Manager for Folding Boxboard at Husum. “BM1 produces MetsäBoard Pro FBB Bright, MetsäBoard Natural FBB, MetsäBoard Pro FSB Cup and MetsäBoard Natural FSB Cup products. Nothing will change in the recipes of these popular and trusted products, it’s just that there will be more available and they’ll be produced in an even more consistent, predictable and sustainable manner,” he highlights.
Following the announcement on 15 December 2022 of the agreement to sell its three Russian packaging converting operations to the Gotek Group for a total consideration of RUB 1.6bn, Mondi plc (“Mondi”) confirms that Gotek Group received all requisite approvals and the sale has now completed. Mondi has received net proceeds of €30.4m from this disposal into its Austrian bank account. The net proceeds from the sale of all our Russian assets will be distributed to shareholders as soon as reasonably practicable following receipt, once our exit from Russia has been completed.
We’re thrilled to share the success of our recent tree-planting initiatives in Australia. In May, our Southern Operations colleagues joined forces with various organizations, including the Busselton-Dunsborough Environment Centre, to plant over 1,000 native seedlings near our Wonnerup Mine. Together, we built protective fencing to ensure the saplings’ growth. Continuing our commitment to environmental stewardship, a dedicated crew of 70 employees and their families, including visitors from the U.S., gathered at our Northern Operations. Over the course of the day, we planted a remarkable 8,500 seedlings along the Yalyal Brook, significantly contributing to the restoration efforts. We partnered with the Chittering Landcare Center for the 22nd consecutive year, resulting in an incredible 170,000 trees planted thus far.