The market for sawn timber gradually deteriorated towards the end of 2014 and the uncertainty in the market remains. On account of the market situation, Södra is making a minor adjustment to the prices of its sawable softwood range. Conversely, the trend for sawn hardwood timber is positive and demand is favourable, thereby meaning that an upward adjustment can be made for birch and oak logs. The price of spruce and pine saw logs and small dimension softwood will be reduced by SEK 20 per cubic metre solid under bark (m³fub). The price of birch and oak logs will be raised by SEK 30 per cubic metre solid under bark (m³fub).
MORE, the magazine for women of style and substance created by Meredith Corporation (NYSE:MDP; www.meredith.com), unveils a redesigned look with a modern logo, updated layout, elevated photography and revamped editorial lineup in the February 2015 issue, on newsstands today. The magazine now has a more luxurious look and feel with a wider, higher-impact trim size, at 9" x 10-7/8", and upgraded gloss paper stock. Its first major redesign since 2010, the new MORE offers the latest beauty, fashion, home, travel, food, career, finance, health and relationship inspiration in a modern and fresh format that matches the sophistication of its readers. The issue will relaunch with a rate base of 750,000, reflecting the brand's focus on targeting its core luxury consumers, and a 50 percent increase in the subscription price to $15 per year.
Packaging segment EBITDA in the fourth quarter of 2014 was $239 million, and excluding special items, was $250 million with sales of $1.122 billion. For the year, EBITDA was $986 million, and excluding special items, was $1.015 billion with full year sales of $4.54 billion. PCA fourth quarter corrugated products shipments were up 5.4%, and including Boise, were up 11% compared to last year’s fourth quarter. Containerboard production was 927,000 tons, including 58,000 tons produced on the DeRidder No. 3 machine which started up on October 17, 2014. Paper segment EBITDA in the fourth quarter of 2014 was $45 million and sales were $284 million. For the year, EBITDA was $186 million and sales were $1.2 billion. Office paper shipments in the fourth quarter were down 6% compared to last year’s fourth quarter. Printing and converting and pressure sensitive paper shipments were down 12,500 tons as a result of the fourth quarter 2013 paper machine closures at the International Falls, Minnesota mill. Mill production was 287,000 tons.
Total European shipments of Graphic Papers declined 7% in November vs. November 2013 and were down 4% year to date.
Oil traded near the lowest in almost six years in New York as OPEC’s warning that prices may surge without new investment in production failed to shift the market’s focus from more immediate signs of a supply glut. Futures fell 0.3 percent in New York, paring an earlier increase of as much as 1.3 percent. A spike to $200 a barrel is possible without adequate investment for the long term, OPEC Secretary-General Abdalla El-Badri said. U.S. crude inventories probably rose to 402.1 million barrels last week, the most in records dating back to August 1982, a Bloomberg News survey shows before a government report on Wednesday.
The single-digit percentage rise of catalogs over the last few years has been recognized by the national “paper of record.” Catalogs are alive and well, says The New York Times. “From Anthropologie to American Girl, Pottery Barn to Patagonia, retailers are still relying on direct mail even as they spend considerable resources on improving their websites to accommodate the steady increase in online shopping,” wrote Times media reporter Rebecca R. Ruiz yesterday in a story titled “Catalogs, After Years of Decline, Are Revamped for Changing Times.”
To streamline the standard, incorporate the results of recent pilot projects, and include direction given by the FSC General Assembly, FSC has been in the process of reviewing and revising the Chain of Custody Standard (FSC-STD-40-004) over the past two years, with the help of the Chain of Custody Working Group. While there have been delays in the process, the first public consultation has begun and the draft of the revised Chain of Custody Standard is now available for public review. Comments are due by February 28, 2015.
PEFC International is extremely pleased to welcome New Zealand as the newest member of the PEFC alliance. With the acceptance of the New Zealand Forest Certification Association (NZFCA) as the PEFC National Member for New Zealand, the country’s forest growers gain visibility in the world’s leading forest certification system.
In a notice filed today with the Postal Regulatory Commission (PRC), the U.S. Postal Service seeks to keep Priority Mail Express and Priority Mail services at their current prices. It’s part of the Postal Service’s ongoing pricing strategy to capitalize on strong package growth. Priority Mail is the Postal Service’s flagship Shipping Services product and is a convenient and fast way to send documents and packages requiring expedited transportation and handling.
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