Amcor’s efficient new factory in Bharuch, Gujarat, in the Western region of India started operations this week after an official ceremonial event in October with executives from both companies. As part of a seven-year agreement with Unilever signed in 2017, Amcor, the global packaging leader, made a substantial investment to build and equip the state-of-the-art Bharuch plant. “Across all home-care categories, consumers in India are choosing products with packaging that provide them with the most convenience,” said Michael Zacka, president of Amcor Flexibles Asia Pacific, who attended the ceremony. Click read more below for additional detail.
Americans are increasingly transitioning away from single-use plastics in favor of sustainable paper food packaging, according to new data released by Asia Pulp and Paper (APP) from the 2018 Paper & Packaging Consumer Trends Report. The report found that nearly two thirds (64 percent) of Americans say they prefer paper food packaging over plastic or Styrofoam. Furthermore, more than half (51 percent) agree that paper food packaging is as high quality as the latter materials. “Americans’ preference for paper continues to grow at a time when improving environmental health is top of mind for consumers,” said Ian Lifshitz, vice president of sustainability and stakeholder relations, APP. “Consumers are receptive to brands that are favoring recyclable, compostable or reusable paper materials in place of single-use plastics which can be harmful to natural ecosystems.” Click read more below for additional detail.
Large energy speculators continued to decrease their bullish net positions in the WTI Crude Oil futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday which was a delay due to former President George H.W. Bush’s funeral last week. The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 330,146 contracts in the data reported through Tuesday December 4th. This was a weekly lowering of -17,975 net contracts from the previous week which had a total of 348,121 net contracts.
The devastating effects from a hurricane can vary anywhere from property damage to a complete economic crisis. These effects on smaller communities can be extremely overwhelming due to limited resources when making the attempt to bounce back. One area affected by a recent hurricane, Hurricane Florence, is Lumberton, North Carolina. Lumberton is also home to one of GP's cellulose mills—making recovery efforts in this area more personal. On December 6, 2018, GP partnered with The Kids in Need Foundation's Second Responder program to provide school supplies for 300 RB Dean Elementary school students and 60 teachers in the city of Lumberton. The event featured a giveaway presentation where students received backpacks filled with supplies, such as paper, notebooks and more. Teachers received tote bags with a variety of Georgia‐Pacific paper products, classroom supplies and Scholastic books.
The massive East Longmeadow, MA manufacturing facility of Cartamundi USA will be taking delivery of a new large format Koenig & Bauer Rapida press. The new press will be a key component as the facility, which produces 30 million well-known board games a year and is aggressively pursuing additional new business by growing its customer base in the main game aisle, such as new lines of products from other game distributors, as well as seeking local companies to take advantage of its core competencies. This critical investment with its key press-manufacturing partner will provide a number of enhancements at this 1.2 million sq ft facility. Known for producing popular board games under contract for a leading toy and board game firm, this sprawling facility and its pressroom are required to produce game boxes that are color consistent throughout long and short runs and printed with the highest quality to attract purchasers and collectible owners on crowded store shelves. Click read more below for additional detail.
Mercer International Inc. announced that it has completed its previously announced acquisition of Daishowa-Marubeni International Ltd. DMI owns 100% of a bleached kraft pulp mill in Peace River, Alberta and has a 50% interest in the Cariboo Pulp and Paper Company, a joint venture which operates a bleached kraft pulp mill in Quesnel, British Columbia. Mr. David M. Gandossi, Chief Executive Officer, stated: "We are pleased to announce the completion of our strategic acquisition of DMI, which increases our current Canadian operations and presence in Asia and expands our product offering to include northern bleach hardwood kraft pulp."
International technology Group ANDRITZ has successfully started up the PrimeLineCOMPACT VI tissue production line – including stock preparation and automation system – delivered to Bashundhara Paper Mills Limited in Bangladesh, India. The ANDRITZ tissue machine – with a design speed of 2,100 m/min and a paper width of 2.85 m – produces tissue for high-quality facial wipes, toilet paper, and napkins. The 16 ft. PrimeDry Steel Yankee is made entirely of steel, thus enabling high and efficient drying performance, and was manufactured at the ANDRITZ Steel Yankee Business Center in Foshan, China, which offers customers in Asia state-of-the-art manufacturing, local field service, and comprehensive quality management. For ANDRITZ, it is the first high-speed tissue machine to be installed in Bangladesh. Click read more below for additional detail.
Brent crude oil rose on Monday after producer club OPEC and some non-affiliated suppliers last Friday agreed to a supply cut from January. Despite this, the outlook for next year remains muted on the back of an economic slowdown. "Our key conclusion is that oil prices will be well supported around the $70 per barrel level for 2019," analysts at Bernstein Energy said on Monday. Despite the cuts, that was still a price forecast reduction of $6 per barrel as Bernstein lowered its crude oil demand forecast from 1.5 million bpd previously to 1.3 million bpd for 2019. Click read more below for additional detail.
Over the past five years, the Keep Me Posted campaign has been working hard to retain people’s right to receive paper bills at no extra cost. Now, with 12 countries running the campaign and a number of successes under its belt, it’s spreading its message worldwide. From September 16 this year, BT altered its policy on customer billing. There was no big fanfare, not much in the papers, and certainly nothing on TV. They stated that if any of their customers wanted to receive their bills on paper, they would have to pay the utility giant £3 for each one. That’s £3 for printing a few sheets of A4, putting them in an envelope and putting it in the post. In anyone’s view, £3 for a paper bill (on top of the bill itself) is a lot of money. But for the elderly, the poor, the disabled, those without access to the internet, or simply those that feel they shouldn’t be penalised for wanting to receive their bills on paper, it’s at best unfair, at worst financially dangerous. Click read more below for additional detail.
UPM plans to invest EUR 2 billion in a new mill to be located near the city of Paso de los Toros in central Uruguay. The new mill would have capacity to produce about 2 million tonnes of eucalyptus pulp annually. A year ago UPM and the government of Uruguay signed an investment agreement which outlines the local prerequisites for a potential pulp mill. The agreement details the roles, commitments and timeline for both parties as well as the relevant items to be agreed prior to the final investment decision. Currently UPM is carrying out technical studies and applying for the necessary permits. “A pulp mill investment of this scale requires efficient logistics to enable secure wood supply and pulp deliveries from the inland mill to the port of Montevideo. This will require the construction of a modern railway to the port and a modern pulp terminal as well as development of the road network,” says Petri Hakanen, Senior Vice President of the UPM Uruguay Development Project. Click read more below for additional detail.