Cenveo Worldwide Limited announced the successful completion of a management buyout of the business led by Chief Executive Officer, Rob Burton, Jr., President, Mike Burton, Chief Financial Officer, Mark Hiltwein, and Chief Strategy Officer, Ayman Zameli. As a result of the transaction, Cenveo is now 100% owned by its management with the Burton family being the majority shareholder. Rob Burton, CEO of Cenveo said: “I am grateful for this opportunity and proud to have gained the trust of our shareholders to accomplish this buyout. We have all worked very hard on rationalizing our platform and divesting non-strategic assets all while delivering superior returns to our shareholders.” With this buyout, Cenveo is now exclusively an envelope focused business and the largest envelope converter in North America. Through this transaction, the existing Cenveo management team will remain in place and will continue to focus its efforts on serving the Company’s diverse and extensive envelope customer base. Rob continued, “Cenveo is an established brand with a rich history and long experience in delivering innovative solutions to our customers. This deal represents the next chapter for the brand and the ambitious team members who have helped build it over many years.”
The United States Postal Service reported new preliminary delivery performance metrics for the fiscal third quarter ending June 30 showing continued service improvements across First-Class Mail, Marketing Mail and Periodicals. For the third quarter, the average time for the Postal Service to deliver a mailpiece or package across the nation was just 2.5 days. FY2022 third quarter service performance scores covering April 1 through June 30 included: *First-Class Mail: 93.5 percent of First-Class Mail delivered on time against the USPS service standard, an increase of 5.6 percentage points from the fiscal second quarter. *Marketing Mail: 94.7 percent of Marketing Mail delivered on time against the USPS service standard, an increase of 2.5 percentage points from the fiscal second quarter. *Periodicals: 86.3 percent of Periodicals delivered on time against the USPS service standard, an improvement of 4.8 percentage points from the fiscal second quarter.
Bauer Publishing, the team behind many of the UK's favourite puzzle magazines including Take a Crossword and the Eclipse franchise, has launched a mixed puzzle magazine containing brain training and traditional puzzles produced exclusively for Asda in partnership with Alzheimer’s Society. Asda Brain Boost is a compilation of memory games, mindfulness pages and classic puzzles to engage both the left and right sides of the brain. The magazine aims to encourage readers to develop and improve their cognitive skills, with beat-the-clock challenges and puzzles with increasing levels of complexity. Exclusively sold in Asda, every Asda Brain Boost sale, priced at £3.50 each, will see 52p donated to Alzheimer’s Society. This magazine represents a real opportunity for readers to both boost their own mental fitness, and help to raise much-needed funds for Alzheimer’s Society’s fundamental work.
Hearst Magazines International today announced the launch of the print edition of Harper’s BAZAAR Italy, further expanding the iconic fashion brand’s digital, social and experiential presence in the Italian market. Daria Veledeeva, formerly the editor-in-chief of Harper’s BAZAAR Russia, has been appointed editor-in-chief and will oversee the content strategy and development of the magazine. The announcement was made today by Hearst Magazines International President Jonathan Wright and Hearst Italy CEO Giacomo Moletto. “The prestige and influence of the Harper’s BAZAAR brand in the U.S. and around the world is unmatched and the print expression is an important experience – our audience engages deeply and marketers can therefore connect with them in a more profound way,” Wright said. “With Daria’s leadership, vision, and deep connections in the fashion industry, Harper’s BAZAAR Italy will be a must-read for anyone who is passionate about fashion, culture and the issues that matter today.”
Yankee Publishing Inc. (YPI), which sold a minority interest to its Employee Stock Ownership Plan in 2012, sold the remaining shares to the ESOP on June 30 of this year, making it a 100% employee-owned company. Founded in 1935, the firm publishes Yankee, the Old Farmer’s Almanac, New Hampshire Magazine and Family Tree Magazine.
After soaring 18.9% in the first half of 2021 over the comparable period in 2020, unit sales of print books retreated in the first half of 2022, dropping 6.6% from 2021 levels. According to NPD BookScan, total first-half print sales were 362.6 million, down from 386.6 million a year ago. All the major categories except adult fiction had declines, with the largest drop coming in the industry’s biggest category, adult nonfiction, where print sales fell 10.3%. Sales at the midpoint of 2022 were still about 15% above the first six months of 2019, the last prepandemic year, which many in the industry are using as a benchmark, in light of the unexpectedly strong subsequent two years of the pandemic. The 6.6% decline is also an improvement over the first quarter, which saw an 8.9% drop in sales compared to last year’s first quarter.
The Brazilian 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 18 July to 15 September 2022. PEFC Brazil revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. To provide you with additional information, we are holding a webinar on 18 July, 14:00 CEST. The webinar is free to attend and open to everyone. more at: https://pefc.org/news/brazilian-forest-certification-system-submitted-for-assessment
FEFCO (European Federation of Corrugated Board Manufacturers), together with CCB (Cepi Container Board), has released the new “European Database for Corrugated Board Life Cycle Studies 2021”. FEFCO and CCB have been collecting and publishing life cycle data for more than 25 years. The life cycle analysis follows a robust process of data collection, evaluation and validation by LCA experts. The process and data are subject to independent peer review by the Institute for Energy and Environmental Research Heidelberg GmbH, Germany. The 2021 report and data collection cover a significant proportion of the sector representing: *84% of the total annual production for kraftliner and semi-chemical fluting and 74% of the production of testliner and recycled fluting. *73% of the total annual corrugated board production in average.
Sonoco announced it is expanding post-consumer recovery and recycling opportunities for paper cups in bales of mixed paper to be used as raw material at its Hartsville, S.C., paperboard mill to produce new paperboard. All of Sonoco’s United States paper mills have previously validated that they can accept rigid paper cans in bales of mixed paper coming from residential Material Recovery Facilities (MRFs). This new announcement extends acceptance to paper cups at the Hartsville mill. Additional testing is underway with the aim of expanding cup recycling to all Sonoco mills that utilize residential mixed paper.
Graphic Village announced that it has purchased Sunrise Hitek Group, LLC, a variable print and specialty large format company in Chicago, IL. This strategic move further strengthens Graphic Village’s capabilities and expands the company’s presence to the Chicago, Illinois, region. Sunrise Hitek is located in the Norwood Park East neighborhood of Chicago since its founding in 1988. As a specialist in high-quality printing, packaging, display fabrication and branded environments, Sunrise Hitek serves a broad array of industries including, healthcare, hospitality, packaged goods and manufacturing. It will continue to operate out of their Chicago-based facility. The current team of 25 employees, including the leadership team, will remain in place and continue to deliver excellent value and customer experiences. Over time, Sunrise Hitek will be rebranded as Graphic Village.
The Paper Excellence Group, Domtar’s owner, announced it has entered an agreement to purchase Resolute Forest Products through Domtar. Under the agreement, Domtar will acquire all outstanding shares of Resolute common stock. The transaction is expected to close in the first half of 2023. With this addition to its family of companies, the Paper Excellence Group will further build out its forest products portfolio in North America following the successful acquisition of Domtar last year. Resolute will be a wholly owned subsidiary of Domtar, under the auspices of the Paper Excellence Group. Domtar and Resolute will continue to operate independently under their own names.
Performance White Barrier is a new sack paper from BillerudKorsnäs where a coating replaces the plastic film barrier commonly found in paper sacks. The sack paper is on par with traditional alternatives regarding shelf-life expectancy and other performance factors. Some of the main benefits are easy recycling in regular paper streams, a good printing surface for branding and product content display and no need for any changes in the supply chain. Performance White Barrier can replace most slit and perforated plastic films without significant changes in shelf-life performance, and works for a wide variety of sack paper applications including animal feed, building materials, chemical substances, dry food and mineral products. Brand owners get sustainable product packaging, and users get packaging that only consists of paper, making the sacks easy to recycle in the well-established paper recycling process.
Mondi has entered the bike packaging market with its Protector Bags, providing a new sustainable solution for Diamant to replace plastic wrapping used around the handlebars of its Trek and Diamant brands. Germany’s oldest bike manufacturer will now use Mondi’s recyclable Protector Bags that are made from renewable materials. The change means that Diamant will reduce its plastic use by 16 tonnes every year – around 85% of its previous consumption – as well as saving costs in logistics and transportation. The pre-made paper bags do not require additional wrapping or taping, as they are ready to use with a tailored closure strip developed specifically for the bicycle industry. Created from two plies of paper, Mondi’s Protector Bags are strong and flexible, making them highly puncture-proof – and they protect the bikes during storage and transport with a softer interior glaze that is friction-resistant. Due to the air permeability of paper, the bags are also breathable. Additionally, handlebar grips made of rubber can emit moisture or gas that can evaporate easily with this new packaging.
The thrill of victory. The agony of defeat. Any direct mail creative endeavor has the potential to go from “All hail!” to “Epic fail!” Join Matthew Fey, vice president and creative director at J.Schmid & Assoc. Inc., for an honest, amusing, and sometimes painful examination of why some creative efforts yield spectacular successes and why others, well, not so much. From high-fiving wins to head-scratching losses, examine a series of catalog and direct mail case studies from a variety of brands – including apparel, food, retail and more on the consumer side, with a few business-to-business examples thrown in for good measure. What went in to the creative decisions? How were they successful? And when they weren’t, where did they go wrong? Glean valuable lessons from both success and failure to get the most out of your direct mail creative. Join Us For An ANA Exclusive Webinar ... All Hail or Epic Fail? Featuring J.Schmid's Matt Fey, Wednesday, July 13, 2022 at 12:00pm Central. Register at: https://www.ana.net/webinars/show/id/COMWW-220713
Mail center professionals, who already operate in a challenging business environment, are increasingly faced with the task of responding to the popular, but scientifically flawed narrative that the paper critical to their operations is somehow environmentally unsustainable. If this describes you, then Ben Franklin, father of the Postal Service and first U.S. postmaster general, offers some sage advice: “An investment in knowledge pays the best interest.” In our increasingly digital world, knowledge – knowing the facts about the unique sustainability of paper – is a potent antidote to the common environmental myths used to justify replacing paper mail with electronic communications: that paper production and use destroys forests, is a major contributor to climate change, consumes enormous amounts of water and generates excessive amounts of waste.
Keep US Posted, an alliance consisting of consumer interests, industry groups, newspapers, nonprofits and businesses, applauds the U.S. House Committee on Appropriations for directing the Postal Regulatory Commission, which governs the U.S. Postal Service, to study the impact of planned postage increases. The Committee’s action, included in the 2023 spending package, is a direct response to Postmaster General Louis DeJoy’s announcement that stamp prices will increase July 31 and every six months thereafter, despite this year’s bipartisan postal reform law designed to fiscally stabilize the Postal Service and prevent unnecessary postage hikes. “It is destructive for Postal Service leadership to squeeze every last drop of revenue from the mail at the expense of the American people,” said Keep US Posted Executive Director and former Congressman Kevin Yoder (R-Kans.). “In just a decade, Americans could be paying well over $1 to mail a single letter. Using the mail will become unaffordable for American families, as well as newspapers, nonprofits, and businesses that depend on the Postal Service. These excessive postage increases will decrease volume and revenue so much that it will ultimately hurt the Postal Service’s 650,000 workers and their ability to keep delivering for our country. Projected mail decline will become a self-fulfilling prophecy.
Third quarter highlights: *Third quarter earnings per share (EPS*) from continuing operations decreased 73.8 percent to $0.33, compared with EPS of $1.27 in the year-ago quarter; continuing operations adjusted** EPS decreased 30.0 percent to $0.96, down 28.9 percent on a constant currency basis against strong growth of 93.6 percent in the year-ago quarter reflecting peak COVID-19 vaccine volumes *Year-to-date EPS from continuing operations increased 190.6 percent to $5.49, compared with EPS of $1.89 in the year-ago quarter; continuing operations adjusted EPS increased 13.3 percent to $4.23, up 13.9 percent on a constant currency basis *Third quarter sales from continuing operations decreased 4.2 percent over the year-ago quarter to $32.6 billion, down 2.8 percent on a constant currency basis including a 720 basis point impact from AllianceRx Walgreens as anticipated *Third quarter operating income from continuing operations decreased to a loss of $320 million, compared to operating income of $1.1 billion in the year-ago quarter; adjusted operating income from continuing operations was $1.0 billion, down 33.5 percent on a constant currency basis *WBA sold 6.0 million shares of AmerisourceBergen common stock, with proceeds of $900 million *Completion of Boots strategic review, with decision to retain the business
Aptar’s continued dedication to build an outstanding working relationship in the areas of product quality, delivery, customer service, plant management, and engineering let to this recognition. The five-time award-winning Daisy Sour Cream package, first introduced in the market in 2015, features Aptar’s innovative dispensing solution for inverted pouches. It combines Aptar’s proprietary SimpliSqueeze® flow control valve and flip top closure allowing for clean and controlled dispensing, in addition to an easy-to-remove tamper-evident pull ring. This solution is manufactured at Aptar Food + Beverage’s plant in Mukwonago, Wisconsin, USA.
Smurfit Kappa has completed a large-scale sustainability project at its Zülpich paper mill in Germany, which significantly reduces the plant’s CO2 emissions. The €11.5 million investment included a major redesign of the plant’s multi-fuel boiler to provide a more sustainable fuel source for the generation of steam and electricity. The mill, which produces approximately 500,000 tonnes of paper annually, is now powered by a combination of its own biogas, which is a by-product of its circular water treatment plant, natural gas, and the residual materials or so-called ‘rejects’ which occur in the paper recycling process that would otherwise be considered waste. The project reduces CO2 emissions at the Zülpich paper mill by more than 25% and saves 55,000 tonnes of CO2 annually, which represents a 2% reduction in Smurfit Kappa’s global CO2 emissions. Smurfit Kappa has the goal of achieving a 55% intensity reduction in fossil CO2 emissions by 2030 and at least net zero CO2 emissions by 2050. The packaging leader has also had its 2030 emissions reductions targets validated by the Science Based Targets initiative as being in-line with the Paris agreement.
July 1st is National Postage Stamp Day, and Royle will feature mailing content all month long! Mail plans seem complicated at times. Which mailing method is suitable for your brand? What's the most cost-effective? What will hit my in-home date on time? Well, we're here to help! see details at: https://www.royle.com/news/whats-the-best-mail-plan-for-me
The United States Postal Service (USPS) announced new postage rates starting July 10, 2022. You can see the full breakdown in this recent blog post. The average rate increases 6%, which is quite a hike, but by using any of the following USPS marketing mail promotions, you can get 2%-4% off your postage cost. see details at: https://specialtyprintcomm.com/blog/utilize-usps-discounts/
Paper Excellence today announced it has once again been voted one of Canada’s 2022 Best 50 corporate citizens by Corporate Knights. This is the fifteenth time that the company has achieved the Best 50 Award with Corporate Knights. Paper Excellence operates six pulp and paper facilities in British Columbia and Saskatchewan. 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.
Flexible packaging is the fastest growing plastic packaging category. Because it is predominanty single-use, with very low recycling and high leakage rates, it is also by far the most challenging market segment to address on the journey towards a circular economy. Koehler Paper played an important part in the latest project of the international charity “Ellen MacArthur Foundation”, to point out options for a circular economy in flexible packaging. The Ellen MacArthur Foundation, an international charity, was launched in 2010 with the aim of accelerating the transition to the circular economy. They create evidence-based original research on the benefits of a circular economy, and how it can contribute to solving global challenges like climate change and biodiversity loss.
The largest US newspaper circulations fell 12% in the year to March 2022, new figures obtained by Press Gazette show. Our top 25 ranking, based on figures shared by the Alliance for Audited Media (AAM), shows that The Wall Street Journal and New York Times retain the largest daily print circulations in the US. Gannett’s USA Today keeps third place, but is close to seeing its print circulation fall below Jeff Bezos’s Washington Post.
“Our vision is to create a future as sustainable as the forests, for people, our products and the planet we all share. Making sustainability a core value in our business is not only the right thing to do for the planet, our people, stakeholders, partners and customers, but it makes us a better company,” said Don Kayne, President & CEO of Canfor Corporation. “Our employees want to feel proud of the organization where they work and feel an alignment with their values. Our customers want to know that the products they purchase from us are sustainably sourced and responsibly produced. Our strong sustainability practices make us a better partner, a better supplier and a better employer,” added Kayne. 2021 Highlights: • We will reduce absolute scope 1 and 2 emissions by 42% by 2030, and set a science-based reduction target for scope 3 GHG emissions by 2024 • Canfor has committed to set near- and long-term company-wide emission reductions in line with science-based net-zero with the SBTi • 54 million seedlings planted in 2021, with more than one billion planted over the last 20 years • 100% of Canfor-managed forests are certified to the Sustainable Forestry Initiative (SFI) or Forest Steward Council (FSC) Forest Management Standards • 100% of U.S. sourced wood is certified to the SFI Fibre Sourcing Standard
“The FedEx team and its unparalleled network have been connecting the world and creating opportunities since our founding,” Subramaniam said. “As we enter the next phase of FedEx, we will unlock value from this foundation to deliver outstanding returns to all of our stakeholders. Our strategy is focused on driving yields, expanding margins, and elevating returns through profitable growth and capital efficiency. We have tremendous momentum and a committed leadership team focused on delivering today, while innovating for tomorrow.” The FedEx executive leadership team will discuss its strategy and detailed plans to Deliver Today, Innovate for Tomorrow during today’s investors day. The plans will guide the company’s short- and long-term priorities to maximize value for customers, stockholders, and team members. The leadership team will also outline how FedEx is Innovating for Tomorrow by: *Enabling intelligent supply chains by leveraging its technology, data, and digital capabilities *Leading through its continued commitment to sustainability *Reinventing work and empowering people
Savvas Learning Company is pleased to announce that CEO Bethlam Forsa has been selected for membership in the Newsweek Expert Forum, an invitation-only community for pioneering thinkers and cross-industry business leaders. As a member, Forsa will regularly contribute original articles for Newsweek.com on a diverse range of topics impacting the world of education. “I am excited by the many opportunities the Newsweek Expert Forum will provide to share my perspectives on the most pressing challenges, emerging trends and urgent issues facing education today,” said Forsa. “I look forward to fostering conversations about how to address those challenges, support educators, students and families, and build better, more engaging and impactful education solutions in the future.”
July 1. That’s the expiration date for the contract that covers the International Longshore and Warehouse Union’s more than 22,000 workers at the 29 ports along the West Coast. Negotiations are ongoing, but experts think it is unlikely a deal will be reached before July 1. (In the past, contract talks have run beyond the expiration date and led to major disruptions to port operations.) The stakes are especially high this time around, however, as the negotiations are playing out amid a backdrop of global supply chain disruptions. Chain Store Age spoke with Spencer Shute, senior consultant at procurement and supply chain consultancy Proxima, part of Bain & Company, about the possibility of a shutdown and its impact on retailers.
Atlantic Packaging is pleased to announce that it has joined The Conservation Alliance, an organization that harnesses the collective power of business and outdoor communities to advocate for the protection of North America’s wild places. Atlantic Packaging is the first packaging company to join the more than 270 member companies whose collective annual membership dues are dispersed to grassroots environmental organizations that contribute to the long-term health of outdoor recreation and help ensure access for future generations. Family owned-and-operated for 75 years, Atlantic Packaging is committed to supporting the intelligent transition to a circular packaging supply chain and a waste-free world. With packaging accounting for over 40 percent of plastic waste according to 2018 EPA data, Atlantic Packaging has recognized its corporate responsibility to have a positive impact on sustainability. “By joining The Conservation Alliance, Atlantic Packaging is aligning with like-minded businesses collaborating around a common purpose and proudly investing in a wide range of the most compelling conservation projects in North America,” said Atlantic Packaging President Wes Carter.
Quad/Graphics, Inc. announced that it has been added as a member of the U.S. small-cap Russell 2000® Index pertaining to the 2022 Russell indexes reconstitution, effective June 27, 2022. The Company’s membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The stock also was automatically added to the appropriate growth and value indexes. “We are pleased to be a member of the Russell indexes, and look forward to continuing to share how we are accelerating and scaling our strategy as a marketing experience company,” said Tony Staniak, Chief Financial Officer of Quad. “We continue to build on positive sales growth momentum from clients embracing our integrated marketing platform, while focusing on financial objectives to drive shareholder value.”
Mondi has partnered with Japanese consumer goods manufacturer Kao to create a recyclable, lightweight packaging solution for its Goldwell hair lightening products. The new stand-up pouch reduces plastic usage without compromising on strength and durability and thus supports Kao and its salon business in their efforts to reduce their environmental footprint and to help salons run their businesses more sustainably. Goldwell is a salon-quality brand of Kao Salon Division, the fourth biggest professional hair care business in the world. Its broad offering of hair care, styling and colour products also includes a range of hair lightening products created for in salon use. These were previously packed in rigid plastic containers, however working with Mondi and along its EcoSolutions approach, Kao is reducing the overall amount of plastic in individual packs by 80%. Mondi’s innovative solution packs the powdered products in flexible, re-closable stand-up pouches that are made of mono-material, meaning they are recyclable. The pouch is provided to the user together with paper instructions inside a carton box, enabling the pouch to be stacked when stored, and results in a lower carbon footprint compared to the previous packaging alternative.
Sappi is pleased to announce that all three of its manufacturing regions – Europe, North America and Southern Africa – have once again achieved the highest possible rating, Platinum, in the annual EcoVadis Corporate Social Responsibility (CSR) ratings. This achievement places the regions individually and Sappi collectively in the top 1% of all companies reviewed. EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Over 90,000 companies from over 160 countries across more than 200 purchasing categories have been assessed. Companies are evaluated for their performance in terms of a total of 21 criteria, which in turn are divided into four general areas: environment, labour and human rights, ethics and sustainable procurement.
UPM Raflatac, a global supplier of innovative and sustainable labeling materials, is strengthening its position and service capabilities in the Americas market with a new state-of-the-art two-meter slitter and increased production automation in its Mills River factory over the next two years. “We are excited about the ability to provide better service to our customers through improved capacity, capabilities and productivity. We are continually advancing our production sites to increase our output in the Americas and exceed quality benchmarks,” stated Tim Kirchen, Senior Vice President, UPM Raflatac, Americas.
The ballots have today (28 June) began landing at the homes of members of the Communication Workers Union (CWU), which represents postal workers, and the result will be known on 19 July. The union is demanding that Royal Mail Group negotiates with it to secure a “straight, no strings pay increase” for employees. At the time of writing, management intends to impose a 2% pay rise by executive action. The CWU said that in an economic climate where inflation has already soared to 11.7% by May, this would mean “a dramatic real-terms wage cut of Royal Mail employees, who were key workers during the height of the pandemic”. A CWU spokesperson said: “Britain’s postal workers are being forced into accepting a massive pay cut by the same people they have generated incredible profits for.
Savvas Learning Company is proud to announce that it has been named “LMS Solution Provider of the Year'' by the 2022 EdTech Breakthrough Awards program. The award honors the K-12 learning solutions provider for its popular Savvas Realize learning management system (LMS), recognizing the company as an innovator and leader “driving the global digital transformation of the education industry.” An award-winning platform since its inception, Savvas Realize is the publishing industry's most versatile LMS and the digital home to more than 1,000 high-quality, engaging Savvas programs. The single sign-on Realize platform allows educators to access a vast array of standards-aligned content, customize materials, monitor student progress, and create lesson plans and activity playlists. It also provides data-driven insights to help teachers differentiate instruction and personalized, real-world learning experiences to increase student engagement — all on one easy-to-use platform. Winners of this year’s EdTech Breakthrough Awards, which showcase technologies and companies that drive innovation and exemplify the best in edtech solutions, were selected from more than 2,250 nominations based on innovation, design, user experience, and overall technological advancement.
Stakeholders from around the world are invited to give feedback on the revised Polish Forest Certification System. Deadline for comments is 25 August 2022. Give your feedback. PEFC Poland revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. See all system assessment details at: https://pefc.org/discover-pefc/our-pefc-members/national-members/pefc-poland . The Polish 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.
Huhtamaki has welcomed the conclusions of a new report, which reviews 26 scientific studies comparing the environmental impact of single-use packaging vs. reusable tableware used in takeaway settings. Conducted by Ramboll, a leading global engineering, design and consultancy company, the ‘meta-analysis’ of 26 previous scientific studies concludes that the additional and specific burdens of reusable tableware, when used for takeaway food and beverages, makes it far less sustainable than paper-based single-use tableware. The reasons for this are the energy and water required for sanitization, together with the impacts of take-back transport and the breakage rates associated with takeaway systems. Previous Life Cycle Assessments, undertaken by Ramboll for the European Paper Packaging Alliance (EPPA), revealed that when used within in-store settings in Quick Service Restaurants, reusable tableware systems generated 2.8 times more CO2-equivalent emissions and consumed 3.4 times more freshwater than paper-based packaging.
International technology group ANDRITZ has established a new inline Wetlace™ CP pilot line with an original design at its center of competence in Montbonnot, France. From now on, ANDRITZ partners will be able to conduct trials and test all options available for wipes production – from carded staple fibers to pulp and various combinations thereof – thanks to the new inline Wetlace™ CP line. Customers will benefit from the expertise of the ANDRITZ specialists with this fully engineered process, combining both spunlace and wetlaid technologies, so that they can move forward to more sustainable options while maintaining a high level of product quality, in particular by achieving high CD strength and good linting properties. Over the past few decades, ANDRITZ has continued to innovate with various nonwoven processes, like spunlace, WetlaceTM and Wetlace™ CP, with the aim of optimizing the use of raw materials and focusing on sustainability by reducing the synthetic fiber content.
Magazine publisher Dotdash Meredith has temporarily stopped sending print editions of People and Better Homes & Gardens to some subscribers, citing a tight paper market. The New York-based company, which maintains an office campus in downtown Des Moines' Western Gateway, sent postcards to some readers this week, telling them they would not receive print editions of the magazines in the coming months. The company has offered those readers free subscriptions to digital editions of the magazines. A company spokesperson said in an email Friday that Dotdash Meredith stopped some distribution to "a limited number" of People and Better Homes & Gardens subscribers because of a "temporary global paper shortage." The subscribers involved represent about 7% of the company's total print subscriber base, the spokesperson said. The spokesperson did not answer a question from the Des Moines Register about whether the impact is concentrated in certain parts of the country.
Third quarter service performance scores covering April 1 through June 17 included: *First-Class Mail: 93.5 percent of First-Class Mail delivered on time against the USPS service standard, an increase of 5.6 percentage points from the fiscal second quarter. *Marketing Mail: 94.8 percent of Marketing Mail delivered on time against the USPS service standard, an increase of 2.6 percentage points from the fiscal second quarter. *Periodicals: 86.3 percent of Periodicals delivered on time against the USPS service standard, an improvement of 4.8 percentage points from the fiscal second quarter.
Intertape Polymer Group Inc. is pleased to announce the receipt of the approval under the Investment Canada Act in respect of the previously announced acquisition of the Company by an affiliate of Clearlake Capital Group, L.P. for CDN$40.50 per share by way of a plan of arrangement in accordance with Section 192 of the Canada Business Corporations Act. The parties to the Arrangement intend to complete the Arrangement on June 28, 2022, subject to the satisfaction of customary closing conditions.
Pregis joined 1% for the Planet, pledging to donate one percent of sales of its Inspyre brand products to support nonprofit organizations. 1% for the Planet is a global organization with a mission to inspire businesses and individuals to support approved environmental nonprofits to build a better world and future for all. Pregis introduced its Inspyre brand in 2018 with the mission of providing customers with the option to choose packaging that does good for the world. Since the introduction, Pregis has donated a portion of the proceeds of these products, including Inspyre hybrid cushioning with water blue color tint and tissue paper packaging, to Uzima Clean Water Mission. The company plans to expand the Inspyre product offering to increase its global impact. Uzima provides water filters, hygiene kits and education to communities across the world to overcome water insecurities improving overall wellness in those communities through access to clean water.
They all love to read! This past month Thomson Reuters partnered with the Minnesota Vikings to bring back the Scholastic Book Fair to Highwood Elementary and Barack and Michelle Obama Elementary schools. There was lots of fun to be had at the book fair. Viktor, the Viking mascot, made an appearance and signed copies of Where’s Viktor’s Mustache that the children could take home along with three other books of their choice. Alongside the players and coaches, Steve Zweber, Director of Manufacturing & Fulfillment at Core Publishing Solutions, was there. Steve was grateful that he was able to attend and help further a love of reading in the community.
Total European shipments of graphic papers in April 2022 were down 14.8% vs. April 2021 and year-to-date shipments were down 8.8%. Total European shipments of newsprint in April 2022 were down 10.5% vs. April 2021 and year-to-date shipments were down 5.4%. Total European shipments of sc-magazine in April 2022 were down 16.5% vs. April 2021 and year-to-date shipments were down 9.6%. Total European shipments of coated mechanical reels in April 2022 were down 27.6% vs. April 2021 and year-to-date shipments were down 18.8%. Total European shipments of uncoated mechanical (improved & others) in April 2022 were down 14.1% vs. April 2021 and year-to-date shipments were down 10.0%. Total European shipments of coated woodfree in April 2022 were down 1.6% vs. April 2021 and year-to-date shipments were UP 2.4%. Total European shipments of uncoated woodfree in April 2022 were down 17.3% vs. April 2021 and year-to-date shipments were down 11.5%.
Domtar’s sustainability journey begins in the forest, but our work as an industry leader in sustainable forestry continues with our focus on verified fiber sourcing in our sustainability agenda moving toward 2030. “Our sustainable forestry principles have guided our practices for many years,” says Paige Goff, Domtar’s vice president for sustainability. “We now have advanced technology and other tools to help us be even more effective in applying those principles to our supply chain.” Building on a long history of responsibility in the forest, Domtar has set two significant goals in the area of verified fiber sourcing: *We’ll source 100 percent of our fiber from responsibly managed forests. *We’ll increase our use of recycled fiber and improve the recyclability of our products and packaging.
“Packaging waste, climate change and other environmental crises demand an urgent and joined up response from the CPG [consumer packaged goods] community. The Sustainability Awards sets the agenda on best practice, turns the spotlight on the most important areas of R&D, and helps separate greenwash from the innovations that make a genuine difference. This year’s competition has introduced five new Pre-Commercialized categories, dedicated to showcasing the most important areas of emerging innovation that will hit the market in the years to come. Among the categories for commercialized products and initiatives, there are two new categories: ‘Climate’ and ‘Renewables’” – Packaging Europe. At Stora Enso, our approach to innovation combines our capabilities with renewable materials to drive change towards a more sustainable future. We address trends that affect our customers and end-consumers, while advancing solutions to reduce dependence on fossil-based materials. One of these innovations is Papira® by Stora Enso. Papira is a natural, bio-based and recyclable alternative, ideal for protective and cushioning applications in packaging. This lightweight and shock absorbent foam material is made from pulp fibers. With Papira, you can forget fossil-based foams and ensure that your packaging is renewable, biodegradable and fully recyclable in currently existing paper and board steams.
FedEx Express operating results improved in the fourth quarter driven by revenue management actions, including increased fuel surcharges. Global volume softness, driven by COVID lockdowns, geopolitical uncertainty, and slower economic growth, partially offset the year-over-year improvement. FedEx Ground operating results declined primarily due to higher self-insurance accruals and increased purchased transportation and wage rates. These costs were partially offset by higher revenue per package, including increased fuel surcharges. Average daily volume declined primarily due to yield management actions affecting the FedEx Ground Economy service. FedEx Freight operating results sharply increased, with operating margin improving 570 basis points to 21.8%. The improved results were driven by a 28% increase in revenue per shipment from the continued focus on revenue quality and profitable growth.
The Postal Service announced it will implement upgraded service standards for its USPS Retail Ground (RG) and Parcel Select Ground (PSG) products effective Aug. 1, 2022. Within the contiguous United States, service standards for these products will be accelerated from two- to eight-days to two- to five-days for the same affordable price. Items containing hazardous materials or live animals are not eligible for the upgraded service standards. RG is a ground shipping product for packages, thick envelopes and tubes (with a maximum weight of 70 pounds) that are not required to be mailed via First-Class Mail service and are available only through retail channels. PSG is an economical ground delivery service similar to RG for commercial shippers. The Postal Service is aligning the RG and PSG service standards with the current First-Class Package Service (FCPS) standards within the contiguous US. Processing this mail with FCPS packages will enhance customer service and better optimize the Postal Service’s package processing and surface transportation networks.
Just about all digital marketing channels are less effective than they were a year ago, largely because of privacy regulations, judging by the State of B2C Conversational Marketing, a study released Thursday by Spectrm. Of the B2C marketers polled, 90.75% have seen channels decline, including these: Email marketing — 10.2%; Influencer marketing — 11.5%; SMS marketing — 10.2%; Social media marketing — 16.7%; Retargeting — 8.0%; Search advertising — 8.2%; Display advertising — 10.0%; SEO — 8.0%; Affiliate marketing — 7.7%; Skip: we’ve not seen any channels decline — 9.2%. One problem is privacy — 59% of marketers say that the issue and the regulations have caused channels to become less effective. And 41% said collecting zero-party data is more important than ever to them, while 29% disagree.
The Portuguese 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 5 July to 3 September 2022. PEFC Portugal revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. To provide you with additional information, we are holding a webinar on 5 July, 11:00 CEST. The webinar is open to everyone and is free to join. Register now at https://us02web.zoom.us/meeting/register/tZAvde2sqDktHNXNvPs-m1MAAOHjHuI7tqqz
Mayr-Melnhof Group (MM) has entered into an agreement to buy Essentra Packaging (100% equity interest in ESNT Packaging & Securing Solutions Limited (UK) and its affiliates and 100% equity interest in Essentra Packaging US Inc (US)) from Essentra plc (UK) for GBP 312 million - currently around EUR 365 million. The acquisition of Essentra Packaging serves to implement MM Packaging's strategy to grow in profitable and resilient segments such as pharma secondary packaging and strengthens its position in the European market for pharma folding boxes and leaflets. Additionally, this acquisition expands MM's presence in the US market with a significant position in the East Coast pharma hub. Essentra Packaging reported sales of around £370m for 2021 - currently c.€430m. The company comprises 21 production sites in 10 countries in Europe and North America, ideally complementing MM Packaging's current position in Scandinavia through the recently acquired Eson Pac and the existing business in France. Essentra Packaging serves over 800 customers worldwide, including 19 of the top 20 pharmaceutical companies, and employs over 3,500 people.
Worzalla, an employee-owned printing company specializing in high-quality children’s books, cookbooks, and hard-cover best sellers, is working with the Portage County Library to support their summer reading programs with the goal of inspiring the community to reach their summer reading goals. Worzalla has donated 500 children's books for the Library to use as summer reading rewards and is also donating 500 bags that the Library will use for their Lit Loot program. “We love to get children and teens reading, learning, and participating at the library each summer, and then reward their hard work with prize books, but incentives like these are quite costly. We are thrilled that Worzalla has offered to help us cover some of these expenses so that we can expand our programming and reach even more community members,” said Nicole Ozanich, Youth Services Librarian at the Portage County Public Library.
HP Inc. announced its commitment to PRINTING United 2022 as a title sponsor of the event, along with its plans to build its own elaborate show hall encompassing 21,000 sq. ft. at the Expo — over three times the size of any previous HP booth space. PRINTING United Expo 2022 takes place October 19-21 in Las Vegas and will be the most comprehensive printing event in the world. The event spotlights companies bringing the latest industry solutions to market spanning the industry across all segments. HP joins over 500 exhibitors currently signed up to showcase its latest products on the expansive show floor.
National Average Price for Regular Unleaded Current: $4.926; Month Ago: $4.598; Year Ago: $3.078. National Average Price for Diesel Current: $5.805; Month Ago: $5.549; Year Ago: $3.225.
American Dollar to Canadian Dollar = 0.770656; American Dollar to Chinese Yuan = 0.149319; American Dollar to Euro = 1.052276; American Dollar to Japanese Yen = 0.007399; American Dollar to Mexican Peso = 0.050119.
Dilly dilly. I’m lovin’ it. Get a Mac. Why is it so easy to rattle off the brands that introduced us to these catchphrases? Because Bud Light, McDonald’s and Apple are among the best at telling stories, catching us off guard and even making us laugh. They understand the power of a campaign and how disruptive a “big idea” can be. And how powerful it can be—helping us consider their products for the first time, or again in a whole new way. But for a campaign to reach—and disrupt—the most people, it must be executed across all touchpoints (in digital and in print). Which means your latest campaign absolutely belongs in your catalog. And not just on the opening spread. A catalog gives your brand multiple opportunities to separate itself with a big idea, and I’ll take you through three examples to prove it. See all 3 at: https://www.jschmid.com/blog/disruptive-catalogs-part-4/
The startup publisher Troo Media this week launched what it describes as the first editorial platform built for the metaverse: a brand called TrooVRS, which delivers content focused on self-care for modern male audiences.The new brand was previewed at Cannes Lions, the festival in Cannes, France, that celebrates creativity in the field of branded communications. Content will target the interests and needs of men from all backgrounds, featuring topics like relationships, work, and physical and mental health. The launch of TrooVRS coincides with Men’s Health Month in June, a designation established by Congress in 1994 and sponsored by the Men’s Health Network, a consortium of health organizations.
FedEx Corp. announced it has received its first 150 electric delivery vehicles from BrightDrop, the technology startup from General Motors (GM) decarbonizing last-mile delivery. This marks a critical milestone for FedEx as the company plans to transform its entire parcel pickup and delivery (PUD) fleet to all-electric, zero-tailpipe emissions by 2040, and comes just months after BrightDrop’s commercialization of the Zevo 600 as the fastest vehicle to market in GM’s history.
Pactiv Evergreen announced the launch of its new “Zero Waste Implementation Guide” at the Green Sports Alliance Summit in Minneapolis. The Guide is a resource to help foodservice establishments improve their waste diversion rates. Recreation venues, stadiums, arenas, colleges and university foodservice programs, in particular, will benefit from this valuable resource. Achieving zero waste is a circular solution that helps ensure a sustainable future economically, environmentally and socially. By closing the loop, operators can cut greenhouse gases, manage risk, reduce litter and pollution, reinvest resources, and create value for their operation. Pactiv Evergreen’s “Zero Waste Implementation Guide” was created to provide everything a foodservice operator needs to begin their journey to zero waste. The interactive Guide can be downloaded for free from PactivEvergreen.com, enabling a foodservice establishment to customize the tool and document their data and progress.
See short video at: https://www.atlanticpkg.com/2022/06/atlantics-stretch-film-recycling-equipment/ Atlantic has invested in recycling equipment to: *Recapture used stretch film from our customers *Transform used stretch film into high-quality post-consumer resin (PCR) *Repurpose that PCR into new stretch film!
Transcontinental Inc. announced that it has acquired Banaplast S.A.S., a flexible packaging company founded in 2009 and based in Armenia, Colombia. Banaplast is active in the protection of crops in the banana and plantain agro-industrial sector and other fruit plantations. “The acquisition of Banaplast is aligned with our growth strategy of innovation and proximity to key markets in the agro-industrial segment” said Ricardo Garcia Merlo, Senior Vice President and Managing Director, Latin America at TC Transcontinental Packaging. “With Banaplast we are expanding our offering, namely with banana tree bags and agro-mulches, and our network with the addition of Banaplast to our existing operations in Costa Rica, Ecuador, Guatemala and Mexico. This acquisition opens new and exciting opportunities to better serve our customers”.
Kimberly-Clark Professional, a global leader in contamination control solutions for cleanrooms and laboratories, has expanded The RightCycle Program, the first large-scale recycling effort for non-hazardous lab, cleanroom and industrial PPE waste. Flex-film plastic packaging from Kimtech™ and KleenGuard™ products will now be accepted for recycling through the program. "This is a significant step in addressing a challenging waste stream that currently has very low recycling rates compared with other commodities, such as paper and cardboard," said Mike Haley, Vice President of PPE at Kimberly-Clark Professional. "As the program continues to grow and evolve, we remain committed to finding ways to expand our recycling capabilities in order to help our customers reach their goals and to deliver on our purpose of Better Care for a Better World." Since 2011, The RightCycle Program has empowered more than 900 customers to divert 3.7 million pounds of waste.
Mondi has been recognised by the Swiss Packaging Institute (SVI) for its RetortPouch Recyclable solution. The packaging won the Swiss Packaging Award for the Sustainability category and was developed for Coop’s private label range of healthy pulses and grains sold in Switzerland. RetortPouch Recyclable, made of polypropylene (PP)-based mono-material, offers exceptional shelf life and reduces potential food waste. The innovative packaging can replace complex multilayer unrecyclable packaging that uses aluminum or metallised layers to provide high barrier food protection. RetortPouch Recyclable is able to withstand high temperatures during the retort process used in food preparation and is suitable for a wide range of applications in the ready-made food and pet food industries. The packaging, which is used for Coop’s products that are manufactured by Hilcona, has an attractive yet sturdy stand-up design that includes a transparent window to allow consumers to view the product on-shelf.
Kati ter Horst, Executive Vice President, Paper Division and a member of the Group Leadership Team, has decided to leave Stora Enso as of 1 July 2022. After more than 25 years with the Company, she will now pursue career opportunities outside of Stora Enso. Kati ter Horst joined Stora Enso in 1996 and has been leading the Company’s Paper division since 2014. “As a highly valued member of our Group Leadership Team, Kati has been instrumental in driving Stora Enso’s transformation journey into a renewable materials company by contributing to strategy development. She has showed strong leadership and has played a key role in the extensive restructuring process of our paper business. I want to express my gratitude to Kati for her significant contributions to Stora Enso, while wishing her all the best in her future endeavours,” says Annica Bresky, President and CEO at Stora Enso.
The recyclable and compostable UPM Solide Lucent is a highly versatile specialty kraft paper with endless possibilities for recyclable packaging innovations. The paper is suitable as a coating base or for lamination, single-packs, bags, and wraps; UPM Solide Lucent can do it all and more! UPM Solide Lucent is a brilliant example of the type of packaging innovations the world needs right now. Through co-creation, it enables brand owners to effectively reduce the amount of fossil-based or non-recyclable materials and increase usage of materials from renewable sources in their packaging. “Together with customers and partners, we can develop truly sustainable medium and high barrier packaging solutions, matching customer needs in a wide range of food and non-food applications,” explains Mika Uusikartano, Senior Manager, Product Portfolio Management, UPM Specialty Papers. “Thanks to its outstanding sustainability credentials, this paper is a safe and smart choice for converters and brand owners looking to co-create new products with us. The target is also to reduce value chain recycling fees in the long run,” continues Tommi Heinonen, Head of Sales, UPM Specialty Papers.
UPM BioMotion™ Renewable Functional Fillers (RFF), recently acknowledged as the most important sustainability project in the elastomer and rubber industry will go live at the Nuremberg International Rubber Conference DKT from 27-30 June. After a postponement due to Covid, the expert community of the rubber and plastics industry is finally meeting in person at the leading trade fair for the sector. It's the perfect time to introduce UPM's new product – the next best thing to transform the rubber industry. UPM BioMotion™ RFF were initially launched in late 2021. These fillers are more than just a product; they mark a solution for urgent industry needs. Renewable Functional Fillers can be a real game-changer, as they will enable a radical step forward in the sustainability performance of rubber and plastic products in various end-uses. The two materials that RFF can replace best are carbon black and precipitated silica. Both are highly CO2-intensive in production, non-renewable and challenging to recycle.
A study released by R.R. Donnelley & Sons Company found the market’s most pressing challenges forced packaging decision makers to shift priorities and rethink operations, with 90% changing how their packaging is sourced. The Unpackaging Reality Report explores how converging disruptive issues like supply chain volatility, inflation, labor shortages, and increasing sustainability pressures have impacted the industry. Surveying 300 packaging decision makers in the U.S., RRD’s study found that material price hikes and supply shortages presented the biggest hurdles for the industry over the past year, with over half of respondents reporting they have been strongly impacted. These challenges, among others, forced organizations to reprioritize packaging materials (68%), budget (52%), packaging design and aesthetics (49%), and sustainability goals (45%). Despite the many challenges brought on by the pandemic and downstream issues, the report found that overall, the packaging industry proved resilient and continued to track toward a more sustainable and innovative future.
N2, a local magazine company, will rebrand next week as “Stroll,” bringing all of its 650+ local print magazines under the same branding, executives tell Axios. Why it matters: The rebrand marks a major milestone for the company, which has grown to bring in more than $131 million in annual revenue. "The feedback from our readers is still overwhelming. If you produce unique content that people want to read about, they will read it. And in a very digital world, print is now cool again," said Duane Hixon, co-founder & CEO. The rebrand represents a shift in focus from delivering community news to finding ways to help neighborhoods build stronger connections. "Stroll" references casual neighborhood walks where people can get together. Stroll's logo is a mailbox.
Through the combined efforts of Idesam and the Uatumã Reserve, the 44,000-hectare area has obtained FSC certification. It is currently the only certificate in the state of Amazonas to include both the timber and non-timber categories for forest products. February became an important milestone for the work of Idesam in the Uatumã Sustainable Development Reserve. After a long process that involved capacity-building activities, technical assistance and institutional support, the Uatumã Sustainable Development Reserve's main association, the AACRDSU (Association of Agroextractivist Communities of the Uatumã Sustainable Development Reserve) received FSC’s Forest Management and Chain of Custody certifications from the Institute for Forest and Agriculture Management and Certification (Imaflora).
Which Austrian companies and personalities are particularly good for the forest? PEFC Austria gave the answer on the country's highest mountain, the Großglockner, where it presented the PEFC Award for Sustainability 2021 in five categories. "It was a real pleasure to join our Austrian colleagues at this very special location at the foot of the Großglockner, and meet the personalities that through a variety of actions make a real difference for forests and people in Austria and beyond,” said Eduardo Rojas Briales. "We can celebrate sustainability at the Großglockner mountain at 2,369 metres thanks to one of the award winners," explained PEFC Austria Chair Dr Kurt Ramskogler, as he announced Großglockner-Hochalpenstraßen-AG (GROHAG) as the winner in the category "Promotion".
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 0.5% in May after falling 1.4% in April. In May, the index equaled 117.1 (2015=100) versus 116.5 in April. “The transition in the freight market continued in May with the index hitting the second highest level since the pandemic started. Specifically on the market transition, ATA’s tonnage index is dominated by contract freight. The traditional spot market has slowed as freight softens, but these contract carriers are backfilling any losses in freight with loads from shippers that is reducing spot market exposure,” said ATA Chief Economist Bob Costello. “Essentially the market is transitioning back to pre-pandemic shares of contract versus spot market. “Overall, economic indicators that are important to trucking slowed in May, including retail sales, housing starts, and manufacturing output,” he said. Compared with May 2021, the SA index increased 3.7%, which was the ninth straight year-over-year gain and the largest since April 2021. In April, the index was up 2.5% from a year earlier. In 2022, year-to-date and compared with same period in 2021, tonnage was up 2.7%.
Forests sequester large amounts of carbon dioxide as they grow. However, they also have considerable climate impact when they are felled because products produced using wood form forests replace fossil-based products so that oil and coal can be left in the ground. “We must consider both these parameters to be able to make political decisions that have the greatest positive impacts on the climate. There is a holistic calculation model that helps do just that,” says Peter Holmgren, an expert on forestry and climate. The UN Framework Convention on Climate Change states that saving the climate rests on a two-pronged approach of reducing fossil emissions and increasing carbon storage.
The first HolyGrail 2.0 sorting prototype was successfully validated in March this year following semi-industrial trials, using NIR and digital watermarks detection to sort packaging waste with a 99 percent detection rate and the potential to develop new, more granular post-consumer recycling streams. The Digital Watermarks Initiative HolyGrail 2.0, driven by AIM – European Brands Association, and powered by the Alliance to End Plastic Waste, has the goal of assessing whether the digital watermarks technology can enable better sorting and higher-quality recycling rates for packaging in the EU. Today, more than 160 partners across the value chain are working together to refine and commercialize this concept. Sonoco, one of the largest global sustainable packaging companies, is a member of the HolyGrail 2.0 initiative to prove the viability of digital watermarking for sorting packaging waste and the business case at scale, likely with global implications. Trials in Copenhagen found that using digital watermarks on packaging resulted in 98 - 100 percent being correctly detected, with a subsequent total ejection rate of 90 - 100 percent.
The Company’s revenues for the first quarter ended May 31, 2022 were $107.7 million compared to $96.9 million for the same quarter last year, an increase of $10.8 million, or 11.1%. The increase includes revenue contribution of approximately $1.9 million from AmeriPrint, an acquisition completed on May 31, 2021. Gross profit margin was $34.0 million, or 31.6%, as compared to $29.2 million, or 30.1%, for the same quarter last year. Net earnings for the quarter were $11.6 million, or $0.45 per diluted share, as compared to $7.3 million, or $0.28 per diluted share, for the same quarter last year.
USPS postage rates are set to increase on July 10, 2022. This is a large increase. Our last postage rate increase was in August of 2021, which was also a historic rate increase. It’s not all bad news in that direct mail still is very effective and driving response, we just have to get more creative to save on postage. So, what do the new rates that mean for you? The biggest takeaway from these rate changes is that presorted first class mail and flats are growing more and more expensive. Flats do have better ROI than letter size pieces even at increased postage though, so make sure you take that into consideration before you choose to no longer send flat size mail.
Schweitzer-Mauduit International, Inc. and Neenah, Inc. announced the future name of the combined company upon completing the pending all-stock merger of equals. Each company’s shareholders are scheduled to vote on the transaction on June 29, 2022. The transaction is expected to close on or around July 1, 2022, subject to Neenah and SWM shareholder approval, approval by antitrust authorities in Poland, and other customary closing conditions. Upon close, the new company name will be Mativ, Inc. (“Mativ”) and its shares will begin trading on the NYSE under the ticker symbol "MATV." The "SWM" and "NP" ticker symbols will be deactivated.
Monadnock Paper Mills, Inc. is pleased to announce additional product offerings for Astrolite PC 100, the luxurious and sustainable fine papers crafted with 100% post-consumer waste (PCW) recycled fiber. Created with a high-fidelity six-color printing process (CMYKOG), the new Astrolite PC 100 swatchbook results in a stunning visual that demonstrates the possibilities when printing on highly crafted recycled papers. These grades are perfect for annual reports, CSR reports, fashion lookbooks, catalogs, product brochures, newsletters, presentation kits, portfolios, pocket folders, corporate stationery, and premium packaging. In addition to the featured print demonstrations, the new Astrolite PC 100 swatchbook features the recently expanded full slate of its three separate product lines: Astrolite PC 100 Velvet, Astrolite PC 100 Smooth, and Astrolite PC 100 Digital+, including a wider range of sheet sizes certified for HP Indigo.
Committed to bringing innovative and sustainable solutions to the market, Klabin, Brazil’s largest producer and exporter of packaging paper and paper packaging, has developed a new version of its paperboard Klamulti, designed for beverage packaging (multipack), which now has microfibrillated pulp (MFC) in its composition. This innovation, led by the Product Development and Technology Center teams at Klabin, was produced at the MFC plant located in Telêmaco Borba, Paraná. Experiments proved that the addition of MFC in the paperboard composition significantly improves the product’s properties and performance while also reducing grammage. As such, the new solution is capable of creating lighter and more resistant packaging, enhancing the efficiency of the material. The MFC production process develops the microfibrillation of the walls of pulp fibers, enabling a wider connection area between them, thereby increasing the paper’s mechanical strength.
Mondi has created a range of fit-for-purpose packaging solutions to protect and transport fresh produce from farm-to-shelf-to-home safely, efficiently and conveniently. Grow&Go encapsulates the spirit of Mondi Corrugated Solutions’ new product portfolio for the fresh fruit and vegetable industry. Key to its appeal is the wide range of available options, covering everything from heavy bulk shipments to light fruit and vegetable assortments for on-shelf display. "Steep demand increases are on the horizon for small portion packaging. Small portion packs offer many benefits to the end consumer, such as providing the product to be taken directly from the shelf in its packaging without the fresh produce being touched. They also make the shopping experience more convenient – no more fussing with scales or sachets – and they protect fragile items like tomatoes for the trip home." Jan Blankiewicz, Product Innovation Manager, Mondi Corrugated Solutions The World Star award-winning CoralTray, offering hassle-free handling, protection, ventilation and visibility for up to a kilo of produce, is one of several Grow&Go solutions fulfilling this need.
The 2021 Sustainability Report brings our goals to the forefront. This year, Sappi North America has aligned with the United Nations Sustainable Development Goals that were most relevant to our work. We continue to meet these targets by reducing our water consumption, increasing our renewable energy usage, and minimizing our carbon footprint. Our sustainability practice also includes giving our employees the tools to advance their careers and become leaders in their fields. We hope you’ll see how important it is that we not only care for the planet and our people, but also create lasting prosperity.
April 2022 shipments came in at $6.67 billion, down from March’s $7.03 billion. The general trend in all but two of the last seven years has been for April shipments to decline from March’s. That’s not really good news but suggests we’re at least getting back to normal. April 2022 shipments came in at $6.67 billion, down from March’s $7.03 billion. As we remarked last month, it looks like 2022 is closely mirroring 2021—which isn’t necessarily a bad thing. Year to date, we are only slightly off 2021—January to April shipments for 2022 are at $26.16 billion, a bit under 2021’s $26.45 billion.
UPM has signed an agreement to sell 100% of the shares of its Austrian subsidiary UPM Kymmene-Austria GmbH to the HEINZEL GROUP, a leading pulp, packaging and paper producer and trader in Central and Eastern Europe. The transaction comprises the UPM Steyrermühl site with approx. 400 employees, including the newsprint paper machine with an annual capacity of 320,000 tonnes and the Steyrermühl sawmill operations with an annual timber capacity of 370,000 cubic meters. The parties have agreed not to disclose the value of the deal. Closing of the transaction and end of newsprint production at UPM Steyrermühl are planned for the end of 2023. HEINZEL is planning to take over responsibility for the mill after closing. Until then, all operations continue as is. HEINZEL plans to operate the UPM Steyrermühl site outside of graphic papers as an integrate together with its Laakirchen mill, which is located in the same communicaty. HEINZEL is considering the production of packaging materials to complement their existing product portfolio.
Kruger Products officially inaugurated its Sherbrooke Tissue Plant, which was commissioned in 2021, and also broke ground at its expansion project where another tissue plant will be built on a site adjacent to the Sherbrooke Plant by 2024. This second project, which represents further investments of $351.5 million, will deliver on the Company’s vision to make Sherbrooke a major premium-quality tissue product manufacturing hub in North America, featuring Canada’s most advanced and best-performing TAD tissue machine. In total, the Company will have invested nearly $1 billion in the Estrie Region since 2018. The Sherbrooke Plant’s inauguration and the ground breaking of the expansion project took place in the presence of Mr. Joseph Kruger II, Chairman of the Board and Chief Executive Officer, Kruger Inc.; François Legault, Premier of Québec; Pierre Fitzgibbon, Québec Minister of Economy and Innovation; Geneviève Hébert, Member for Saint-François and Deputy Government Whip; Évelyne Beaudin, Mayor of Sherbrooke; Dino Bianco, Chief Executive Officer, Kruger Products L.P.; and Patrice Bégin, General Manager, Kruger Products Sherbrooke Plant.
Georgia-Pacific has agreed to partner with self-driving vehicle startup Gatik and KBX Logistics, the transportation arm for Koch Industries, to deliver its consumer products to more than 30 Sam’s Club locations in the Dallas-Fort Worth area. The collaboration involves moving Georgia-Pacific shipments from point to point on predefined short-haul routes using an autonomous vehicle fleet with 26-foot boxes. The trucks will deliver goods 24 hours a day, seven days a week, and are expected to travel up to three hundred miles daily. “We are looking forward to testing this transformational technology to deliver Georgia-Pacific brands like Quilted Northern® bath tissue and Dixie® products to Sam’s Clubs,” said Hayes Shimp, vice president of sales for Georgia-Pacific. “Once proven, we believe autonomous deliveries will enable us to remove cost and complexity from the supply chain to better serve our partner, Sam’s Club, and their members.” The operation involves Class 6 vehicles, which are significantly smaller than the Class 8 trucks that currently manage the deliveries. “Our partnership with Georgia-Pacific and KBX Logistics is poised to transform regional distribution architecture that has traditionally relied on class 8 platforms,” said Gautam Narang, CEO, and co-founder, of Gatik.
The Book Manufacturers’ Institute (BMI) released the June results for its monthly survey on capacity and lead times for soft cover and hard cover books. As demand has skyrocketed and supply chain woes continue to hamper all segments of manufacturing, BMI put together the survey to get a better idea of what manufacturers were facing and what publishers should expect. According to responses regarding hard cover books, the average manufacturer was running at 90% of their capacity, a slight drop from May’s 91%. The average lead time for completed hard cover books was up from 91 days, to 104 days. For soft cover books, capacity usage went from 92% down to 91% and the average lead time was up to 84 days, based on 15 responses.
For the third quarter to date, more than 93 percent of First-Class Mail was delivered on-time each week. For the past fifteen weeks, more than 93 percent of Marketing Mail was delivered on-time. Through the first eleven weeks of the third quarter, the average time for the Postal Service to deliver a mailpiece or package across the nation was 2.4 days. Third quarter service performance scores covering April 1 through June 10 included: *First-Class Mail: 93.5 percent of First-Class Mail delivered on time against the USPS service standard, an increase of 5.7 percentage points from the fiscal second quarter. *Marketing Mail: 94.8 percent of Marketing Mail delivered on time against the USPS service standard, an increase of 2.6 percentage points from the fiscal second quarter. *Periodicals: 86.5 percent of Periodicals delivered on time against the USPS service standard, an improvement of 5.1 percentage points from the fiscal second quarter.
The Polish Forest Certification System has been submitted to PEFC for assessment. The public consultation, which is your chance to give your feedback on this revised system, will run from 27 June to 25 August 2022. PEFC Poland revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. To provide you with additional information, we are holding a webinar on 27 June, at 14:00 CEST. The webinar is open to everyone and is free to join. Register for the webinar at: https://us02web.zoom.us/meeting/register/tZMkf-GupzssHtSSCIP29sxfh5AZgHIRW-im
DS Smith and Ipsos MORI, a global leader in market research, have conducted a new study that reveals despite the global health crisis, shoppers still have their eye on the environment; with 85% of buyers wanting to buy products that use as little packaging as possible, and almost a third (29%) disclosing that they have stopped purchasing specific brands on the grounds that their packaging was not sustainable. Regarding consumer perceptions of sustainability, the research concludes that whilst habits may have changed, attitudes have not, and it is these attitudes which continue to evolve. Notably, we discuss the extent to which consumers continue to prioritize sustainable packaging, and the willingness to act in favour of sustainable packaging has marginally increased. Furthermore, we emphasise the commercial risk for both brands and e-commerce retailers, in the absence of sustainable packaging and just how difficult it has become to ‘intercept’ the shopper journey.
Stora Enso is leasing the former paper machinery hall at its Veitsiluoto site in Finland to the textile technology company Infinited Fiber Company, which plans to build a commercial-scale factory to produce regenerated textile fiber from textile waste. Earlier this month Stora Enso sold its district heating business at Veitsiluoto to utility infrastructure company Nevel, a provider of advanced industrial and municipal infrastructure solutions. “We always want to find sustainable and financially robust long-term solutions to ensure a viable future for our former sites. I am pleased with our rapid progress in signing a lease with companies that can take advantage of the Veitsiluoto infrastructure and bring new business to the area. Our work at Veitsiluoto continues in order to bring more activity and jobs to the site," says Seppo Parvi, Stora Enso's CFO and Country Manager for Finland.
Second Quarter Fiscal Year 2022 Financial Highlights: *Adobe achieved record revenue of $4.39 billion in its second quarter of fiscal year 2022, which represents 14 percent year-over-year growth or 15 percent in constant currency. Diluted earnings per share was $2.49 on a GAAP basis. *GAAP operating income in the second quarter was $1.53 billion. GAAP net income was $1.18 billion. *Cash flows from operations were $2.04 billion. *Remaining Performance Obligations (“RPO”) exiting the quarter were $13.82 billion. *Adobe repurchased approximately 1.9 million shares during the quarter.
According to FANUC, an industrial robotics manufacturer, there are approximately 1.9 jobs per unemployed worker in the United States. Why? Well, e-commerce is still creating strong labor demand across all areas of the supply chain. To add to that, U.S. businesses are reshoring their sourcing to domestic suppliers in hopes of combating the long overseas lead times; all of which means the creation of even more job openings across North America. Pregis attended Automate in Detroit, MI last week, and returned with a wealth of innovation trends that are adding value within the fulfillment centers of so many industries – from third-party logistics to retail. Timely Takeaways from the Event: 1. Picking and packing goes autonomous: The days of workers wearing out the warehouse floor as they transport goods from inventory to the packing area are numbered. Robotics manufacturers, such as Fetch (now owned by Zebra technologies), are now offering automated guided vehicles (AGVs) and automated mobile robots (AMRs) that autonomously transport goods from storage to pack stations. 2. Machine vision & artificial intelligence: Software and hardware capabilities within the optics space are beginning to reach sci-fi levels. 3. [Insert technology] as a service: Software-as-a-service (SaaS) has been around for a while, but now, technology companies are leveraging this business model for varying forms of technology – one of which is robotics. 4. The rise of integration: As businesses increasingly adopt autonomous equipment, internet-of-things (IoT), and warehouse management systems (WMS), integrators are emerging as key partners.
The American Forest & Paper Association (AF&PA) has released its May 2022 Packaging Papers & Specialty Packaging Monthly report. According to the report, total packaging papers & specialty packaging shipments in May increased 1 percent compared to May 2021. They were up 1 percent when compared to the same 5 months of 2021. The operating rate was 88 percent, essentially flat (+0.2 pts.) from May 2021 and up 1.1 points year-to-date. Mill inventories at the end of April decreased 6,000 short tons from the previous month, and were down 8,000 short tons compared to April 2021.
Koehler has joined the World BioEconomy Circle, a communication platform for stakeholders who have dedicated themselves to the subject of the bioeconomy. The objective of the BioEconomy Circle is to enable discussion of and improve on the latest developments, ideas, and visions in the circular bioeconomy, and to facilitate mutual learning. The BioEconomy Circle has grown substantially since it was introduced by the World BioEconomy Forum™, which was founded in 2018 by Jukka Kantola. The forum brings together a global community of stakeholders, who can use the platform to find out about a broad range of events and other activities in the field of the bioeconomy. It was set up in response to the increasing importance of this field.
National Average Price for Regular Unleaded Current: $5.000; Month Ago: $4.523; Year Ago: $3.075. National Average Price for Diesel Current: $5.798; Month Ago: $5.573; Year Ago: $3.219.
American Dollar to Canadian Dollar = 0.769269; American Dollar to Chinese Yuan = 0.149084; American Dollar to Euro = 1.048505; American Dollar to Japanese Yen = 0.007429; American Dollar to Mexican Peso = 0.048857.
Disrupt. Delight. Drive. Three words that, together, form a mandate for our catalogs. From crowded mailboxes our books need to stand out and garner attention; pay off that attention with content that creates desire, and – ultimately – compel our customers to click, call or visit. It’s a tall order. And that first piece, Disrupt, is the 1st priority. If it doesn’t happen, the other two won’t. We could mail an 11” x 17” oversized book. That will get noticed. So would a ‘scratch and sniff’ cover? But most of us don’t have budget to add a bunch of bells and whistles just to make us louder than the other guys. I’m particularly mindful of this as I wade through the current flood of women’s clothing catalogs in my own mailbox, most of them conveying the long-suffering Spring + Early Summer + Mother’s Day mashup: covers graced with women pouring each other glasses of Rosé, or bikes with flower-filled baskets. Make no mistake: this is not a judgement, but a shared burden. What can we do—any of us—to stand out in a sea of perpetual sameness, when all we have to work with is the traditional, two-dimensional real estate of a catalog cover? Learn more at: https://www.jschmid.com/blog/stand-out-in-a-sea-of-sameness/
The Association for PRINT Technologies (APTech) announced that it has made a strategic investment to acquire the printing industry’s leading independent media organization, WhatTheyThink. The move was unanimously approved by the APTech board and signals a continuing effort to help print businesses grow by providing a platform for education, inspiration, and connection. “We began a Strategic Business Plan in 2017, and this move is aligned with that plan and our efforts to continue to evolve as an association. We are really happy to be working more closely with an organization like WhatTheyThink that we’ve watched grow and evolve into the most important media company in the industry,” said Thayer Long, President of the Association for PRINT Technologies. “This investment signals both our commitment to our long-term business plan as well as a great deal of excitement for how aligned it is with the strategies and market position of WhatTheyThink.”
The Simon & Schuster adult trade imprint is pleased to announce the second annual BOOKS LIKE US First Novel Contest to facilitate accessibility to underrepresented writers and celebrate the diversity of readers across the United States. As the nation continues to strive for progress, Simon & Schuster aims to help catalyze that change by amplifying voices that represent us, by publishing books like us. Previously administered in 2021 by Gallery Books, the Books Like Us First Novel Contest will rotate among the various adult imprints at Simon & Schuster. A two-week entry period will begin on Tuesday, July 12, 2022.
Headquartered in Nova Scotia, Port Hawkesbury Paper (PHP) is the leading producer of supercalendered papers in North America, manufacturing SCA+ and SCA++ products for use in catalogs, magazines and retail inserts, as well as specialty papers. The company’s paper production capacity includes three thermomechanical (TMP) pulp lines that supply high-quality fiber to the papermaking process. PHP ships its products to customers throughout North America and around the world. “Port Hawkesbury Paper is pleased to support Two Sides North America because we share similar objectives when it comes to the long-term sustainability of our company, our industry and the resources that supply us,” says Port Hawkesbury Co-Manager Bevan Lock. “Our aim is to provide long-term ecological, social and cultural sustainability while managing and maintaining a sustainable wood supply and economic viability for our company, local wood suppliers and sawmills.”
FEFCO announces that three scientific studies break the stereotypes on reusable packaging. “It is now scientifically proven that reuse should be considered on a case-by-case basis as it is not always the best environmental option. A peer-reviewed study shows that reusable packaging has a stronger impact on climate than recyclable corrugated. EU policies place a strong emphasis on the role of packaging in the circular economy and its design to be recycled and/or reused. Packaging exists for a reason; therefore, it is vital to consider packaging functionality, sustainability, and overall performance from a life-cycle perspective. The three studies released by FEFCO were conducted by an independent consultancy (Ramboll) and a research institute (VTT). The studies evaluate the impact of recyclable corrugated board packaging compared to reusable plastic packaging and revealed a series of important conclusions. These are available here on the dedicated FEFCO webpage.
How people consume is undergoing rapid change. As consumer demands and regulatory requirements intensify, the packaging industry needs to find new ways to protect food safely in more sustainable ways. Eric Le Lay, President, Fiber and Foodservice Europe-Asia-Oceania at Huhtamaki believes that there is a game-changing technology that can facilitate this transformation: High precision technology to create smooth molded fiber packaging. At Huhtamaki we want to do more. Our aim is to be a pioneer of sustainable packaging solutions. We take a material positive approach, ensuring that the best material is used for the right product. For us, fiber can and will play an important role. Fiber has been used in packaging for decades. Today, Huhtamaki is able to tap into its full potential by applying high-precision technology expertise to take this renewable material to surprising new levels. This innovation, combined with a high-level food-grade barrier, produces smooth molded fiber (SMF) sustainable packaging that offers superior functionality, keeps food safe, maintains its quality and eliminates the need for aluminum resulting in aluminum-zero solutions.
Metsä Board has, once again, been awarded the Platinum level rating by EcoVadis for the company’s sustainability and corporate social responsibility. Having improved the score to a record level 87/100 Metsä Board is among the highest 1% of companies assessed in the manufacture of corrugated paper and paperboard and containers of paper and paperboard. EcoVadis assesses companies covering four themes. Metsä Board was in the top 1% of companies for Environment, Labour & Human Rights and Sustainable Procurement and in the top 7% for Ethics. For the first time Metsä Board scored the full 100/100 in the Environment section. “At Metsä Board, sustainability is an integral part of our strategy and daily operations – now and in the future. Reaching the full 100 score in the Environment section and the Leader status in carbon management assessment acknowledges our journey towards fossil free production and products by the end of 2030,” says Mika Joukio, CEO at Metsä Board.
The Sustainable Green Printing Partnership (SGP), the leading authority in sustainable printing certifications, announced today that Ultraflex Systems Inc. has become part of the SGP Community as a gold SGP Patron. Ultraflex’s action to become involved in SGP helps to ensure the long-term endurance of sustainable product offerings. “We believe sustainability is integral to our industry, present and future,” said Kylie Schleicher, director of product development & product manager, Ultraflex. “As a leader in the industry, we are responsible for taking the required measures to contribute to the sustainable development of digital print materials. Our company’s research and development are the foundation for superior products and performance. We are excited to grow within the community and market new solutions that limit the use of natural resources, reduce waste, and promote the reuse of materials.”
TC Transcontinental is proud to announce the release of its new 2025 Corporate Social Responsibility Plan, Building our Future. Recognized earlier this year as the 16th most sustainable corporation in the world in the renowned Corporate Knights’ Global 100 Sustainable Corporations ranking, TC Transcontinental strives to build a future that is green, inclusive, innovative, sustainable, united, and responsible. The new plan focuses on five major themes that will guide the Corporation’s actions over the next four years: greener growth, an inclusive and safe environment, innovative and sustainable products, community involvement, and responsible governance and business practices. “As a family business, we are building for the long term,” said Isabelle Marcoux, Chair of the Board. “Corporate Social Responsibility (CSR) has been engrained in TC Transcontinental's DNA since its beginning and is an integral part of our growth strategy, particularly in terms of developing sustainable products. It is underpinned by rigorous governance, as well as our values and culture of diversity and inclusion. As such, we are meeting our customers’ needs and our investors’ long-term value creation objectives while also contributing to the welfare of our communities.”
The American Forest & Paper Association announced 68% of all paper consumed in the United States was recycled in 2021 – a rate on par with the highest rate previously achieved. Additionally, the recycling rate for old corrugated containers (OCC), commonly known as cardboard, increased. The rate was 91.4% in 2021, up from the 2020 rate of 88.8%, and overall, a three-year average of 90.5%. “Paper recycling is stronger than ever and remains an environmental success story," said AF&PA President & CEO Heidi Brock. “In 2021, U.S. paper recycling reached a high rate of achievement. Further evidence that our industry’s investment and public participation in recycling programs are proven and effective.”
A new Stora Enso survey among 2,400 book readers of all ages in the UK, France, Germany, and the US found that people still overwhelmingly prefer physical books for their look, their feel and even their smell. The study, rolled out during March 2022, showed 65% of respondents wanting physical books, versus 21% who preferred e-books and 14% audiobooks. The French showed the strongest preference for physical books of any nation. And most said they preferred to read or listen to fiction books for leisure and to get quality time alone. “These results confirmed our expectations that the market for physical books is set to stay strong, which is good news for our printer and publishing customers,” said Stora Enso’s Jonathan Bakewell, VP, Head of Segment Office and Book Papers. But there were some surprise results from the youngest group (16 to 24 years) polled, where 70% said they preferred physical books over e-books.
Join Us For An ANA Exclusive Webinar Featuring J.Schmid's Lauren Ackerman & PMD Beauty's Alyssa Smith Friday, June 17, 2022 at 12:15pm Eastern. Learn how skincare brand PMD Beauty uses storytelling to forge an emotional connection with their mostly-millennial audience through direct mail, while integrating technology to lend impact to their unique selling proposition. We'll discuss the strategic and tactical decisions that drove creative strategy, merchandising strategy, and mail strategy, including what decisions were driven by data, and what decisions were made based on experience and instinct. And of course, how to keep those new customers coming back, with #brilliantconfidence! In this session, you'll learn: • Storytelling techniques • Data-driven decisions • Creative strategy • Engagement techniques • Encouraging repurchase after the sale. Register at: https://www.ana.net/membersconference/show/id/MOC-JUN22E5
“Bloomsbury achieved its highest ever results with sales up 24% to £230.1 million and profits up 40% to £26.7 million. Sales were up 41% and profits up 70% from two years ago. Both the Consumer and Non-Consumer divisions gave outstanding and resilient performances, highlighting Bloomsbury’s unique strength in combining general and academic publishing. The Consumer division revenue grew by 25%, continuing the momentum of last year, and achieved a 25% increase in profit before tax and highlighted items1 to £17.8 million. The Non-Consumer division saw 23% revenue growth and a 68% increase in profit before tax and highlighted items1 to £9.1 million. Consumer revenue was 53% higher and Non-Consumer revenue 24% higher than two years ago. Bloomsbury Digital Resources (“BDR”) outperformed the target set six years ago of £15 million of sales and £5 million of profit, with sales of £18.6 million, up 50% on last year, and profit of £6.8 million, up £3.9 million on last year. Following this success, we have set ambitious new growth targets for BDR. Supporting our strong organic growth, we made three acquisitions during the year of ABC-CLIO LLC, the Red Globe Press list and Head of Zeus Limited.
Fourth Quarter Summar: *GAAP Results: Revenue of $546 million (+2%), Operating Income of $58 million (+14%), and EPS of $0.76 (+4%). Full Year Summary: *GAAP Results: Revenue of $2,083 million (+7%), Operating Income of $219 million (+18%), EPS of $2.62 (-0.4%), and Cash Provided by Operating Activities of $339 million (-6%) *Free Cash Flow of$223 million, down 13% due to one-time items in prior year *Digital Products and Tech-Enabled Services: 83% of total revenue *Recurring Revenue: 58% of total revenue
The company will continue to successfully manage a broad portfolio of attractive niche businesses, supported by a tailored operating model. Effective as of July 1, 2022, the Group will serve five growing and distinctive end markets, also forming the basis for five divisions, allowing for significant organic and inorganic growth. The divisions will be supported by global functions and centers of excellence for scale, synergies, and excellence. The five end-markets and corresponding divisions are: Filtration – Mission-critical air and liquid filtration applications. Food & Consumer Packaging – Solutions for improved food safety, product preservation, and bacteria prevention, helping extend product life and protect human health. Healthcare – Technologies serving essential societal uses in medical, laboratory, and life science settings including diagnostics, bioprocessing, and medical performance barriers. Building Materials – Highly engineered building material applications for every face of the building. Market growth is driven by urbanization and increasing demand for sustainable building materials. Technical Materials – Highly technical applications including protective materials such as insulation, precision coating, tape, and others.
The new Adestor line includes our latest exclusive labeling products, designed and printed with various finishes that highlight the versatility, elegance and quality of our premium self-adhesive products. The new Adestor catalog is further evidence of Lecta's commitment to sustainability, featuring innovations aimed at reducing the environmental impact and promoting a circular economy: Essence Nature DfE 90 WS, 100% recycled material with textured finish; Stonepaper® 144 DfE, certified Cradle to Cradle Silver made from mineral powder; and Cold Ice White 110 HWS with HWS technology, which allows the commonly used film laminate to be eliminated, replacing it with a natural high wet strength layer, resulting in a plastic-free label. The entire Adestor range is manufactured in accordance with the ISO 14001 and EMAS environmental standards, the ISO 50001 energy management standard, the ISO 9001 quality standard, and the ISO 45001 occupational health and safety standard. Products are available with PEFC™ Chain of Custody or FSC® C011032 forest certification upon request.
“When focusing on wood products, that’s where FSC comes in. It’s proven to be the most reputable and stringent option, so we rely on it for all of our projects”, says Katie Stanford of STŌK, a leading built-environment sustainability firm, in a recent webinar on responsible forestry. The webinar, produced by Sustainable Brands, also included Christopher Reeves from Procter & Gamble and Brad Kahn of Forest Stewardship Council US. A peer-reviewed study by Ecotrust and the University of Washington showed that forests managed to FSC standards are globally significant in their ability to store large quantities of carbon, which is key to mitigating the effects of climate change. While some have argued that any form of forest management (short of deforestation) is carbon neutral because trees eventually re-grow, in reality the study found that larger and more protective buffers along streams, retention of more live trees following a harvest, and longer rotation lengths all combine to result in significantly more carbon storage.
Syracuse Label & Surround Printing, Macaran Printed Products and W.N. Van Alstine, have announced that their respective boards of directors have approved a merger agreement. According to the companies, the new organization will provide enhanced development and manufacturing capabilities, incorporating state-of-the-art label technologies along with improved economies of scale. The new business will be led by industry veterans Nick Van Alstine (Macaran / Van Alstine) and Kathy Alaimo (Syracuse) operating as co-CEOs, with Tom Sargent as president. The merger brings together three strong, industry leading label and packaging companies who share common cultures, common cause and common goals. Both companies are 100% employee-owned each with rich corporate legacies.
ProMach, a worldwide leader in packaging machinery solutions, announced today it has acquired Reepack. Reepack is a leading manufacturer of high-quality flexible packaging machinery known for their vacuum chambers, thermoformers, tray sealers, and flow wrappers. The addition of Reepack helps ProMach continue expansion in the food packaging space and solidifies their status as a single-source supplier for protein-packaging automation. Reepack joins six other best-in-class product brands under ProMach's Flexibles & Trays business line. With the acquisition of Reepack, ProMach gains a key application technology in flow wrapping, adding to their overall flexible packaging capabilities, and also expands their existing capabilities in horizontal thermoforming.
Huhtamaki receives a gold medal from EcoVadis on sustainability performance – for the second year running. Our score places us in the top 5% among over 90,000 rated companies across the globe and highlights our continued to work towards our ambitious 2030 sustainability goals. EcoVadis is the world’s largest and most trusted business sustainability index. “Our strong EcoVadis rating is a recognition of the work we have done over the last two years, and highlights how our teams globally have embraced sustainability. We are very proud of this achievement. Nevertheless, we must continue to keep our focus on the big picture and our overall 2030 ambition as we still have a long way to go. That is why we are continuously working on improving our sustainability performance, analyzing where improvements are needed and acting on these insights." says Thomasine Kamerling, Huhtamaki EVP, Sustainability and Communications.
The Great Lakes Graphics Association (GLGA) has announced that Julie Lopezlena has joined the association as their new Sales and Member Engagement Director for Illinois and Indiana. Ms. Lopezlena, a native of Minnesota, grew up in her family’s printing business. Before joining GLGA, she served as the director of sales for Navitor, Inc., overseeing the management of sales operations for multiple products and print technology. Her deep background also includes experience in international business development both with Taylor Corporation in Mexico City and with Euromonitor International in Chicago. In GLGA’s newly created Sales and Member Engagement Director position, Ms. Lopezlena is responsible for identifying and cultivating new strategic relationships toward the development of new members for the association. She also will assist current members in strategic use of GLGA’s services and benefits to maximize their return on investment.
Pearson and TC Media announce the sale of ERPI (‘Éditions du renouveau pédagogique inc.’) by Pearson to TC Media. ERPI is a Québec educational publisher founded in Montréal in 1965 and acquired by Pearson in 1989. "We are proud to acquire ERPI, a long-standing educational publisher", said Patrick Lutzy, President of TC Media. "This acquisition fits perfectly with our growth strategy as it complements TC Media’s educational products offering, both print and digital, and provides an opportunity to further grow ERPI’s brand alongside our brands such as Chenelière Éducation, Beauchemin and Modulo. I wish a very warm welcome to ERPI’s team."
The revolutionary 3D-formable BillerudKorsnäs FibreForm® paper offers a low-carbon packaging alternative to plastic and an exciting opportunity for inspiring designs. The creative FibreForm® is cold-formable and available in both white and brown paper. The unique FibreForm® material helps brand owners on their journey towards sustainable packaging. Firstly, the paper’s high strength enables packaging, such as carrier bags, to be reused multiple times. The paper is cold-formable and, therefore, requires less energy than plastic packaging during converting. Furthermore, it is 100% renewable, recyclable, and biodegradable.
The Green Valley Energie (GVE) joint venture, in which Norske Skog is a 10% minority equity holder, is ready to commence construction of a biomass boiler at the mill site of Norske Skog Golbey, France, following recent completion of debt financing. GVE is a biomass energy plant, which will produce electricity and heat from waste and residue materials. Electricity sale from GVE is ensured through a feed-in tariff contract, while steam will be used for Norske Skog's Golbey mill. "This energy project is one more milestone in the on-going transition of Norske Skog towards new growth markets and sustainable energy. The biomass boiler will ensure a stable, long-term supply of cost-competitive and 100 percent renewable steam as an alternative to fossil energy sources like natural gas, shielding us from increasingly volatile energy markets," says Sven Ombudstvedt, CEO of Norske Skog.
Stora Enso introduced NaturaFluff Eco to the market in 2021. This lower carbon footprint fluff pulp has now fulfilled the requirements and qualified for the Asthma Allergy Nordic label. Consumers are increasingly looking for products which are natural, safe to use and have a low environmental footprint. NaturaFluff Eco is an oxygen-delignified fluff pulp, which means that no bleaching chemicals are used in its production. As a result, the fluff pulp has a warm, natural beige colour and a more than 30% lower carbon footprint in comparison to traditional fluff pulp, without compromising on product performance. NaturaFluff Eco is perfectly suited for use in absorbent hygiene products, such as baby diapers, feminine hygiene, adult incontinence products, as well as in air-laid nonwoven materials such as napkins, table-tops and various pads.
For the third quarter to date, more than 93 percent of First-Class Mail was delivered on-time each week. For the past 14 weeks, more than 93 percent of Marketing Mail was delivered on-time. Through the first nine weeks of the third quarter, the average time for delivery of mail and packages across the postal network remained just 2.4 days. Third quarter service performance scores covering April 1 through June 3 included: *First-Class Mail: 93.5 percent of First-Class Mail delivered on time against the USPS service standard, an increase of 5.6 percentage points from the fiscal second quarter. *Marketing Mail: 94.8 percent of Marketing Mail delivered on time against the USPS service standard, an increase of 2.7 percentage points from the fiscal second quarter. *Periodicals: 86.5 percent of Periodicals delivered on time against the USPS service standard, an improvement of 5.1 percentage points from the fiscal second quarter.
The New York Times Company will present its digitally-focused growth strategy to achieve its midterm operating and financial targets at its first Investor Day in many years. Executives will detail how The Times plans to achieve attractive, sustainable revenue and adjusted operating profit growth by adding subscribers to its differentiated portfolio of leading news and lifestyle products. The Times will also discuss the opportunity ahead for The Athletic. “Over the past five years, we have transformed The Times into a digital-first, subscription-first definitive market leader with more than 9 million subscribers and a goal of 15 million by year-end 2027,” said Meredith Kopit Levien, president and chief executive officer, The New York Times Company. “We believe we can become the essential subscription for every curious, English-speaking person seeking to understand and engage with the world. With this strategy, there is a tremendous long-term growth opportunity to attract and retain a larger audience driven by an expansive and connected product experience that makes us indispensable to millions of people in their daily lives.”
Two Sides, the print and paper advocacy group, is excited to announce its newest member, CFH Docmail Ltd, the multi-site, multi-channel innovative communications company. Starting as a print company supplying lithographic printed forms, CFH Docmail Ltd have transformed into a multi-site, multi-channel innovative communications company. For more than 40 years, they have been helping customers achieve the results they need with innovative, impactful communications on every channel. CFH Docmail Ltd’s industry-leading multichannel communication solutions include hybrid mail, print & post, and online services. All delivered with a practical sensibility, focused on driving outcomes – and powerful results.
At approximately 19.40 BST yesterday evening a fire broke out in an adjacent premises to the Smurfit Kappa SSK Paper Mill in Birmingham. High winds carried the fire which reached the mill’s recovered fibre yard. Smurfit Kappa would like to thank both West Midlands Fire Service staff and the SSK team for their swift and professional response in controlling the fire within a few hours and ensuring the safety of all. The paper mill itself is unaffected and we do not expect any material impact on production.
How do we take a brand that sells home furnishings and give them a more compelling reason to be considered? First, we created a new brand positioning and tagline “Celebrate Every Season” which gave the brand a reason for being and became their rallying cry. We used powerful images and emotive copy to connect with the audience, inviting them to imagine a delightful scenario, evocative of the season. Finally, we created conceptual design to show how the campaign would play out across every touchpoint, ensuring the message is consistently strong, regardless of channel. We then repeated this process for each season throughout the year. Read the Case Study at: https://www.jschmid.com/blog/portfolio/grandin-road-fall-campaign/
Spadel and DS Smith launch a new 5 litre package that has been innovatively designed to ensure it’s not only practical, but sustainable too. The respective market leaders, who specialize in natural mineral water and sustainable packaging solutions, joined forces to create the Eco Pack. The octagonal box comprises of cardboard and a flexible inside plastic bag that has room for 5 litres of liquid. Its efficient use of materials enables a 65% reduction in plastic* while also extending the waters shelf life. The octagonal 5L Eco Pack is the latest innovation flowing from Spadel and DS Smith’s partnership over the last decade. As a B-Corp certified company, Spadel consistently seeks new ways to reduce its environmental footprint. DS Smith helped Spadel find and tailor its ideal packaging solution using their PackRight approach. This is a collaborative, four-step development process: starting with gaining insights, then moving on to pack development, testing and implementation. DS Smith’s Supply Cycle Thinking guided Spadel every step of the way to identify specific needs and optimize their 5L SPA® Reine Eco Pack.
American Packaging Corporation has announced that it's opening a new 275,000-square-foot Center of Excellence manufacturing facility in Cedar City, Utah. The new operation will add over 135 high-paying jobs to Iron County. APC purchased the land in October 2021 and officially broke ground on February 8, 2022, during a groundbreaking ceremony with civic leaders and company officials. The new facility is expected to open and be fully operational in June 2023, and will include flexographic printing presses, laminating, preformed pouching and finishing equipment. APC will hire 75 new APC team members as part of phase one, with career opportunities in manufacturing, production, engineering and administration.
As US states embrace extended producer responsibility (EPR) programs, brand owners can proactively design or redesign packaging to come out ahead — and win over eco-minded consumers in the process. In states like Maine and Oregon, new laws are being introduced to bolster municipal recycling initiatives. Dubbed Extended Producer Responsibility Programs (EPRs), the policies aim to reduce the volume and toxicity and increase the recycling of packaging material. EPR programs will also take the cost of recycling off of taxpayers and put them onto manufacturers by taxing them based on the recyclability of their materials. These laws have the potential to create real change two-fold: One, by offering fundamentally expensive municipal recycling programs a lending hand with operating costs, while simultaneously encouraging consumer packaged goods (CPG) companies to reduce their carbon footprint. Given many recycling programs across the country have been suspended due to collection costs and inefficiencies, it’s not surprising that many other states are considering similar regulation.
Josh Curtis from Ravensbourne University in London triumphed in the UK Packaging Design Impact Award (PIDA) and earned this year’s Gold Award. His entry “Ritini” impressed the jury with its shape, branding, and versatility. “Ritini” is an eye-catching package, a branding tool and a clever dispenser all rolled into one. The word Ritini is Greek for resin and the tear-shaped package design is inspired by the drops of resin that are the key ingredient of the vegan chewing gum. “They are the Tears of Chios,” says Josh Curtis. “The package is designed with a colour palette that is typical of Greece. It’s user friendly, easy to dispense the gum and fits perfectly in your hand.” At PIDA, design students from universities and colleges from seven countries compete with their creative packaging designs. The competition is organized as five separate events: the USA, Sweden, France/Belgium, the UK, China*, and Germany/Austria. The winners of the Gold Award at each event will meet in a Grand Finale at Luxe Pack Monaco in October.
The “sustainable watch packaging” project between the two independent, family-owned companies Koehler Paper and Mühle-Glashütte focuses on developing high-quality yet sustainable packaging for a luxury watch — two characteristics that it has previously been difficult to combine in communication with customers. Koehler Paper came up with the idea of producing environmentally friendly, luxury packaging made from 100% recycled paper and designed to contain a high-quality watch. Family company Mühle-Glashütte, known for its nautical instruments and high-quality mechanical wristwatches, was taken on as a collaboration partner. Sustainability and recyclability are the main requirements for the packaging that Koehler developed together with Mühle-Glashütte and other project participants. Thilo Mühle, Managing Director at Mühle-Glashütte, stresses: “The collaboration project with Koehler Paper makes it clear that luxury no longer needs to be a guilty pleasure. What’s more, the craftsmanship of two family companies steeped in tradition is brought together here. This is reflected in the results.”
National Average Price for Regular Unleaded Current: $4.986; Month Ago: $4.374; Year Ago: $3.073. National Average Price for Diesel Current: $5.753; Month Ago: $5.550; Year Ago: $3.205.
American Dollar to Canadian Dollar = 0.784698; American Dollar to Chinese Yuan = 0.149261; American Dollar to Euro = 1.057781; American Dollar to Japanese Yen = 0.007469; American Dollar to Mexican Peso = 0.050786.
Starting from May 2022, the lignin-based WISA® BioBond bonding technology is being used in all UPM’s WISA spruce plywood products. WISA BioBond is UPM Plywood’s proprietary bonding technology in which at least 50% of fossil-based phenol in the glue is replaced with wood’s own natural bonding agent, lignin. UPM is the first plywood manufacturer in the world to adopt such a lignin-based solution in its entire range of spruce products. More than just a new type of glue, WISA BioBond is a comprehensive technology that helps further reduce WISA products’ already low fossil CO2 emissions over their lifecycle. The technology has been used in UPM’s birch plywood mills since 2017. By making it the standard in the WISA spruce range, UPM is helping constructors and builders meet their own sustainability targets. “WISA plywood is a material with excellent sustainable qualities already. It is made from renewable raw material and acts as a carbon storage throughout its lifetime. With WISA BioBond, we develop our plywood products and take their environmental performance one step further. This brings the material closer to the UPM vision of a future beyond fossils,” says Susanna Rinne, VP, Strategy and Business Development at UPM Plywood.
“The knowledge gap between forestry actors and society in Korea can be narrowed down through constructive communications: our event contributes meaningfully to the overall country effort,” said Mr Byungki Ahn. Mr Ahn, Director of Forest Policy Division, Service, was speaking at the KFCC-PEFC Customer Relationship & Business Strategy Meeting side event, held on the first day of the XV World Forestry Congress (WFC). “The Korean forestry sector has its specific history. While Korea has had success in forest restoration, there are still relatively strong public concerns on forest use, due to the memory of the devastated forest after the Korean war,” Mr Ahn explained. “A lot of work needs to be done to ensure that forest use is socially acceptable. KFCC is the system that can reassure the public that wood-based products are produced sustainably.”
Amcor unveiled a product rebrand designed to give customers a clearer, holistic view of its growing portfolio of more sustainable packaging solutions. This significant marketing effort provides customers with greater visibility and transparency of Amcor’s extensive product portfolio that has grown over the years through innovation and strategic acquisitions. The redesign of Amcor’s innovative product portfolio highlights three key differentiating benefits for customers: the most advanced solutions in more sustainable packaging; product functionality and differentiated solutions for high growth market segments such as healthcare, dairy and protein; and performance characteristics across a wide range of material options.
International beauty packaging manufacturer and provider Quadpack and Aptar Beauty + Home, worldwide leader in the design and manufacturing of beauty dispensing solutions, have jointly developed a refillable lipstick which pushes the boundaries of sustainability and sensory appeal in makeup packaging. In a spirit of collaborative innovation, the two companies have blended their respective expertise in wood and stick mechanisms to create a product that delivers a great consumer experience: the Iconic Woodacity® Lipstick. Jeremy Garrard, Quadpack’s Director of Market Development, said, “This has been a project firmly based on shared value. Aptar is a respected partner with whom we have a strong history of collaboration. Now, we are leveraging each other’s complementary technologies, market positioning and customer base, to create a refillable makeup solution that really makes a difference.” Sergi Berthet, Vice-President, General Manager Beauty EMEA at Aptar, said, “This solution combines Aptar’s expertise in mechanisms for prestige lipsticks, with Quadpack’s know-how in high-end wood solutions. Our partnership has led to an innovative and premium refillable lipstick, which illustrates our common goal of a sustainable future for packaging”.
CANPACK commemorated the completion of the steel framing for the new 862,000-square-foot aluminum beverage can manufacturing plant during a Topping Off ceremony with Indiana Gov. Eric Holcomb and local community officials and leaders. The future plant will be home to approximately 345 well-paying, local jobs. The beam marks a significant construction milestone for the property since its groundbreaking in September 2021. Officials expect construction to be completed in time for plant operations to begin in the fourth quarter of 2022. “It’s an exciting time to be in Muncie to celebrate the construction milestone of CANPACK’s second US-based, state-of-the-art manufacturing facility,” said Peter Giorgi. “We appreciate the warm welcome and look forward to becoming an integral part of the Muncie-Delaware County community and contributing to the remarkable business environment that exists throughout the state.”
Smurfit Kappa has invested USD23.5 million to upgrade its Nuevo Laredo sheet plant in Mexico to become a fully integrated corrugated plant. The investment includes a state-of-the-art corrugator and extension of the building. The new machine, which began operating last week, will have the two-pronged benefits of reducing CO2 emissions by up to 40% and doubling production capacity. The Nuevo Laredo plant is located in the Tamaulipas region in Northeastern Mexico where Smurfit Kappa has strong partnerships in the industrial, electrical appliances and electronics sectors. The region represents 3.3% of the country’s GDP and is home to over 200 companies which manufacture products for the US. The increased capacity will streamline Smurfit Kappa’s operations in San Antonio, Texas where a fast-growing appetite for sustainable packaging is demanding larger production volumes.
Revenues increased by $92.2 million, or 14.8%, from $623.3 million in the second quarter of 2021 to $715.5 million in the corresponding period of 2022. Operating earnings before depreciation and amortization decreased by $6.1 million, or 5.6%, from $108.9 million in the second quarter of 2021 to $102.8 million in the second quarter of 2022. Net earnings attributable to shareholders of the Corporation decreased by $7.3 million, from $35.6 million in the second quarter of 2021 to $28.3 million in the second quarter of 2022.
Electronics For Imaging, Inc. announced that it has acquired Inèdit Software S.L., a developer of raster image processors (RIPs) and related software for digital industrial textile printing. The acquisition extends EFI’s strategy to accelerate digital transformation in industrial print through investments that advance the company’s presence and capabilities in Packaging & Corrugated, Display Graphics, Textile, and Building Materials/Décor applications. Inèdit will be integrated into the Reggiani textile business. “Digital represents the biggest transformational opportunity we have ever seen in industrial printing,” said EFI CEO and Executive Chairman Jeff Jacobson. “We are committed to driving innovation and expanding our offerings through all economic cycles as we address our customers’ critical need to digitize and automate their workflows.”
After many years of advocacy by Domtar, our industry partners, customers and consumers, Congress passed legislation in favor of U.S. postal reform in March. In early April, President Joe Biden signed the Postal Service Reform Act of 2022. The bipartisan legislation will help the United States Postal Service (USPS) become more financially sound, and it codifies important services, such as six-day delivery. “Because nearly a third of the product we make at our mills travels through the mail each day, Domtar views the U.S. Postal Service as a business partner,” says Kathy Wholley, vice president of communications and public affairs. “For years we have been advocating for substantive legislative proposals that make needed reforms to the postal service. These changes will help the partnership between us, our customers and the postal service remain strong, as well as benefit American consumers.” Much more at: https://newsroom.domtar.com/us-postal-reform-2022/
Paper Excellence is pleased to have received $4.5 million from the Investments in Forest Industry Transformation (IFIT) program. This funding will help support an important transformation project taking place at our Catalyst Port Alberni mill. The $4.5 million will be invested at Catalyst Port Alberni to expand the mill’s production capacity for food packaging papers. Traditionally, this mill produced printing and writing grades; however, demand for these products has been in steady decline. Transitioning to food grade papers means meeting growing market demand, providing sustainable alternatives to single-use plastic serving containers, and advancing BC’s circular economy. The new grades will be produced using unique pulping capabilities developed at the Catalyst Port Alberni mill that net a higher yield in fiber use. As a result, the mill will be able to increase the amount of food packaging materials it produces but will use less residual wood fibre to do so.
The release papers are produced at Condat, Lecta's mill in France. After the launch several months ago of its new range of Linerset release liners with Linerset CCK (Clay Coated Kraft) release paper, Lecta now presents Linerset Glassine, a supercalendered paper for siliconization with very good lay-flatness, caliper, transparency and high resistance. Available in yellow and white, respectively, Linerset Glassine Y (Yellow) and Linerset Glassine W (White) are produced in substances from 45 to 78 g/m² for application on self-adhesive labels. Introducing these new release liners, Lecta advances in its transformation and diversification project at its Condat mill in France. With an investment of more than 80 million euros, Lecta has transformed its Line 8 paper machine at Condat with the aim of manufacturing release liners for siliconization. Lecta also has acquired a new supercalender, making Condat one of the most modern, efficient and environment-friendly factories in Europe.
Huhtamaki, a key global advanced manufacturer of sustainable packaging solutions, announced plans to expand its molded fiber product manufacturing unit in the city of Hammond, Indiana, as part of its investment in Fiber Solutions. The investment, which is expected to start ramping up towards the end of 2023, will enable Huhtamaki to better serve existing and new customers in North America with a broad range of sustainable, fully recyclable and compostable, fiber-based packaging solutions, manufactured from 100% recycled North American raw material. “The investment in this new manufacturing capacity, adjacent to our existing site in Hammond represents our strong belief in the future development of the region and in the continued success of our customers – both current and new. The expansion will introduce new sustainable fiber-based products such as egg cartons and cup carriers – manufactured on state-of-the-art machinery developed by Huhtamaki – to our portfolio in the region and drive production efficiency. Our know-how in key packaging technologies and our strong track record in sustainability make us extremely well positioned to support our customers and deliver on their sustainability agendas and goals with innovative solutions”, says Charles Héaulmé, President and CEO of Huhtamaki. Amounting to a total investment of almost USD 100 million, the expanded facility covers circa 23,000 square meters and will be built adjacent to Huhtamaki’s existing Hammond manufacturing unit. Huhtamaki has operated in Hammond, Indiana, since 1948 and currently has approximately 140 employees. It expects to employ a further 100 new employees when fully operational.
Whether in store, online or at the doorstep, every detail in the cost umer journey matters. To help brands better connect with consumers, Neenah has released its newest Idea Shop by Neenah promotion. Designed in collaboration with the world renowned Design Army the promo highlights the power of attention grabbing packaging, point of purchase, and other uniquely branded samples that transcend the screen and engage the senses across each carefully branded consumer touchpoint. The cleverly packaged Idea Shop branded promotion pulls out all the stops, starting with a gorgeous deep black soft touch folding board box accented with black foil for a premium, sophisticated look and feel. Upon opening, lucky recipients are greeted with a personalized welcome, setting the stage for the layers of elegantly designed, distinctively printed goodies beneath. Everything that follows is a masterclass in creating sensory intrigue, welcoming a second touch, and leaving an impression.
A conscious golfer's eco-feat is to buy golf balls in packaging that has a new life as an insect hotel once the packaging has been used. This innovative idea and packaging solution has recently received the most public votes in the spring 2022 New Wood project competition. It is a concrete example of circular economy, where a product, after its primary use, has another function before it ends up in the recycling. The Finnish Golf Coat Ltd wanted to create a packaging solution for its best-selling product that supported biodiversity and promoted the circular economy. Golf Coat's brand is based on eco-friendliness and biodegradability of products, so the use of a reusable box was particularly suited to the company's values and mindset. "Our aim was to create a simple, smart and cost-effective structure that would be easy to assemble and fill with, for example, leaves, saw dust or dry grass after its primary use as a golf ball box. Metsä Board and its partners developed an insightful packaging that provides an artificial nesting structure and shelter for insects and pollinators," says Aki Kuivaniemi, CEO of Golf Coat Oy.
UPM is the first Finnish company, acting as a shipper and charterer, to discharge its ship-generated wastewater on land and utilise various circular economy solutions in wastewater treatment. The commitment has been published today, on the World Oceans Day, to Baltic Sea Action Group (BSAG). The new model will be implemented in the ports of Rauma, Hamina, Kotka and Pietarsaari, which are the four most important ports for UPM's operations. "Responsible waste management on maritime transport and the use of modern technology in the treatment of ship-generated waste is an obvious strategic choice for UPM,” says Lauri Rikala, Director, Global Break Bulk Shipping at UPM. "We have been cooperating actively with Baltic Sea Action Group for over ten years and made several commitments. Therefore, it was only natural that we combine our forces and expertise in this project."
UPM Raflatac is the first company in the world to invest in Ocean Bound Plastics (OBP) waste as label raw material in their new Ocean Action labels. The Ocean Action labels are made from ocean bound plastic using mass balance approach. Ocean bound plastic is abandoned plastic waste recovered from areas up to 50km inland from waterways, defined as “at risk of ending up in the ocean” by OBPCert. The new innovative label material is made possible by close collaboration with multiple partners in the product’s value chain. ”The new innovative Ocean Action label material is the latest step in our beyond fossils journey. It does not only help prevent the plastic waste from ending up in the oceans but also offers brand owners the possibility to meet their recycled content targets for packaging. The Ocean Action label material is an easy-to-use drop-in solution created especially for food and cosmetics end-uses as it has exactly the same performance as the current fossil-based labels,” says Eliisa Laurikainen, Business Development Manager from UPM Raflatac.
The bookselling team selected these ten titles, spanning fantastical debuts, deeply moving novels from literary powerhouses, timely works of ambition set in Ukraine, epic fantasies and book-loving rom-coms, as the best new releases so far this year. “All readers will find a book to love on our Best Books of 2022 (So Far) list,” said Jackie De Leo, Chief Merchandising Officer, Barnes & Noble. “It’s wonderful to see the mix of many debut authors alongside well-established literary darlings. The books are as different as the authors who penned them, yet their engaging narrative and their impact on the booksellers at Barnes & Noble is the common thread that weaves them together.” See the list at: https://www.barnesandnobleinc.com/press-release/barnes-noble-announces-best-books-2022-far/
Two Sides was recently flooded with complaints from around the world about unsubstantiated anti-paper environmental claims used by Dropbox, Inc. to encourage the use of its digital services. In an email distributed globally, the digital document management and storage company claimed that “Less Paper = More Trees,” using Dropbox is “more earth-friendly,” and that people can “do their part for the planet” and “secure the future of forests” by using Dropbox. With nearly 17 million paying customers and millions more who use its free service, Dropbox’s misleading claims are damaging consumer and business decision-maker perceptions of paper’s environmental sustainability and threatening the livelihoods of millions of people in the global paper, printing and mail sector. Two Sides wrote to the company’s CEO urging Dropbox to stop using these types of deceptive environmental claims about paper. Now, we’re asking our members to amplify the urgency of our request with letters of your own.
The immediate future of the global supply chain rests on a bargaining table in San Francisco, where the union representing all West Coast dockworkers is hashing out a new contract with the assembled bosses of maritime shipping. The current contract, which covers the International Longshore and Warehouse Union’s more than 22,000 workers at the 29 ports dotting the Pacific coast of the U.S., is set to expire July 1. At stake is the continuing flow of goods into the country, after two years of disruptions to the supply chain from pandemic lockdowns, material shortages, soaring fuel prices and the occasional giant ship getting stuck in the Suez Canal. Forty percent of all U.S. maritime imports pass through the West Coast ports, with more than 30% of all containerized imports arriving at the Ports of Los Angeles and Long Beach, which together make up the nation’s largest port complex.
For the first quarter, net sales were $540.9 million compared to $388.0 million in last year's first quarter. This 39.4% improvement primarily reflects a comparable sales increase of 40.6%, partially offset by 29 permanent store closures since last year's first quarter. The 40.6% comparable sales improvement was driven by an increase in transaction count and higher average dollar sale. Gross margin was $216.6 million, or 40.0% of net sales, compared to $126.8 million, or 32.7% of net sales, in last year's first quarter. The 730-basis point improvement in gross margin rate primarily reflects higher average unit retail and full price sales combined with occupancy leverage that offset elevated raw material and freight costs. At the end of the first quarter, inventories totaled $325.6 million compared to $209.7 million at the end of last year's first quarter. The $115.9 million, or 55.3%, increase from last year's first quarter primarily reflects elevated on-hand inventories to align with higher consumer demand, an increase in in-transit inventories due to extended in-transit times in the global supply chain, strategic investments in basics and replenishment inventories, and higher average unit costs.
Since physical retailers started seeing a rebound in business after the plunge in sales in the early days of the pandemic, Barnes & Noble CEO James Daunt has often said that stores in urban areas are having the toughest time recovering. It turns out B&N is not alone in that regard. Kristen McLean, executive director of business development and industry analyst for NPD Books & Entertainment, noted that sales in most retail segments in big cities are having a difficult time making up the ground lost since 2019. Looking at books in particular, eight of the country’s 10 biggest book markets have seen their sales performances this year through May 14 trail the 15% increase in the overall market compared to the similar period in 2019, while many midsize markets have seen substantial gains, according to BookScan data. BookScan analyzed print unit sales from two vantage points: actual changes in sales in 2022 vs. 2019, and how sales in different DMAs (designated market areas) in 2022 vs. 2019 compare to the 15% increase posted by the overall market.
The documents and changes being consulted on are: **Standard to define small and low-intensity forests to now include community forest FSC-STD-01-003 SLIMF & Community Forest Eligibility Criteria sets a generic threshold and definition for ‘SLIMF’ and ‘community forest.’ SLIMF and community forest thresholds are then able to be adapted to the national context. The main changes being consulted on include: *New definition for ‘community forest’ *Adding flexibility to national standard developers, even allowing for the threshold for SLIMF to be over 1000 hectares once there is justification in addition to stakeholder support provided. The consultation ends 13 June 2022. Learn more about the process here. Click read more below for details
Hilex®, a Novolex® brand, announced the introduction of the ProWAVE® Tote, a new recyclable, reusable tote bag that makes e-commerce even more convenient for supermarkets, restaurants and retailers — as well as their customers. The innovative new bag, made with 20% recycled content, is designed for curbside pickup, home delivery or carryout use. The bag features folded handles and a double-ply top that provides stiffness so the bag stays open, making loading easier and more convenient. The rectangular bottom optimizes the use of storage in a vehicle’s trunk or back seating area. The reusable bag is ideal for hot, frozen or refrigerated items. “The ProWAVE Tote is carefully designed to meet the needs of e-commerce retailers and customers alike,” said Frank Lawson, Vice President of Sales for Novolex. “It makes life easier and more convenient for everyone.”
Metsä Spring, Metsä Group’s innovation company, has launched a new 3D fibre product called Muoto®. Muoto has been produced at Metsä Group’s and Valmet’s demo plant in Äänekoski since May 2022, and is made of Metsä Group’s wood fibres. Muoto is a significant initiative in the packaging market. It is user-friendly, sustainable and scalable and features advanced technology. Using brand new technology, the products are pressed into their final form and their properties can be tailored during the production process according to the intended purpose. The raw material of Muoto grows in northern, sustainably managed forests and is fully traceable. Both renewable and recyclable, Muoto is a good alternative to fossil plastic, for example, in food packaging, including serving dishes or containers of various sizes and shapes. Packaging that is produced to meet a specific need is ideal for reducing food waste.
In honor of World Environment Day, Xerox today announced a partnership with the Arbor Day Foundation to plant nearly 23,000 trees — one for each Xerox employee — contributing to the nonprofit’s global reforestation efforts while also educating employees on how they can make a meaningful difference for the environment. The partnership coincides with this year’s World Environment Day focus on the continuation of the UN Decade on Ecosystem Restoration, a global mission to revive billions of hectares, from forests to farmlands. “Partners like Xerox help us achieve the scale needed to drive meaningful impact through trees," said Dan Lambe, chief executive of the Arbor Day Foundation. “It’s going to take organizations of all types and sizes coming together to make a difference. We are grateful for their commitment.” The Arbor Day Foundation has worked to plant nearly 500 million trees over the past 50 years through efforts that improve forests and communities of greatest need worldwide.
Stora Enso has started a feasibility study at its paper production site in Langerbrugge, Belgium, for the conversion of one of the two paper lines into a high-volume recycled containerboard line. Aligned with Stora Enso’s strategic focus on renewable materials, the investment would support the growth opportunity created by the increasing demand for recycled packaging board. Stora Enso’s Langerbrugge site currently has two paper lines in production, one for newsprint and one for supercalendared (SC) magazine paper. The feasibility study will focus on the conversion of the site’s newsprint paper line. The conversion would enable Stora Enso to further grow its recycled and recyclable packaging materials capacity and to meet the growing demand in end-use segments such as industrials, e-commerce, furniture and electronics. The feasibility study is expected to be finalised in the first half of 2023.
Today we are all experiencing the serious impact of climate change. Sappi Europe, as a global company, is committed to pursuing a stringent decarbonisation plan to reduce detrimental effects on the environment. As part of its long-term global commitment to climate protection and sustainable production, the company has successfully converted many of its production sites to renewable energy. At its Kirkniemi Mill in Lohja, Finland, Sappi Europe has invested an amount in the double-digit millions which will enable the full conversion of its energy supply to renewable bioenergy. This investment will reduce the mill’s direct fossil greenhouse gas emissions by roughly 90 per cent, equivalent to 230 000 tonnes of carbon dioxide per year. “This is just one of many measures we are taking on our journey towards greater sustainability. We are committed to being part of the solution and are rigorously focusing on our decarbonisation plan,” confirms Marco Eikelenboom, CEO of Sappi Europe. Visitors to the PulPaper event in Helsinki will have an opportunity to find out more about how the company is achieving its goals to become sustainable and future-proof.
Kohl’s Corporation announced that following the receipt of final proposals, the Kohl’s Board of Directors has entered into exclusive negotiations with Franchise Group, Inc. (“FRG”), a holding company of a collection of market-leading and emerging brands, for a period of three weeks in relation to FRG’s proposal to acquire the Company for $60.00 per share. The purpose of the exclusive period is to allow FRG and its financing partners to finalize due diligence and financing arrangements and for the parties to complete the negotiation of binding documentation. The transaction remains subject to approvals of the Boards of Directors of both companies. There can be no assurances that any agreement will be reached or that a transaction will be agreed or completed on the terms set forth above or otherwise. The Company will have no further comment until an agreement is reached or the discussions are terminated.
For eight consecutive weeks, more than 93 percent of First-Class Mail was delivered on-time. For the past 13 weeks, more than 94 percent of Marketing Mail was delivered on-time. Through the first eight weeks of the third quarter, the average time for delivery of mail and packages across the postal network remained just 2.4 days. Third quarter service performance scores covering April 1 through May 27 included: *First-Class Mail: 93.4 percent of First-Class Mail delivered on time against the USPS service standard, an increase of 5.6 percentage points from the fiscal second quarter. *Marketing Mail: 95 percent of Marketing Mail delivered on time against the USPS service standard, an increase of 2.8 percentage points from the fiscal second quarter. *Periodicals: 86.4 percent of Periodicals delivered on time against the USPS service standard, an improvement of 5 percentage points from the fiscal second quarter.
ePac Flexible Packaging, the industry leader in quick turn, short and medium run-length flexible packaging, has announced it will be adding a third location in Canada. Adding to operations in Vancouver and Toronto, ePac Montreal will serve CPG brands of all sizes throughout Quebec province, and its combined 3 Canadian locations will serve all of Canada. According to George Boustani, Managing Director of ePac’s Canadian operations: “Since opening ePac Vancouver in 2019 and Toronto in 2021, demand for our services has grown rapidly. To keep pace, we’ve decided to add a new sales and marketing location – ePac Montreal. In fact we are now accepting orders in Quebec, and fulfilling them from our other Canadian operations.”
Paper Excellence is pleased to welcome Doug Routley, MLA for Nanaimo – North Cowichan and Parliamentary Secretary for Forests to its Catalyst Crofton mill today to see how the recently awarded $5.85 million of CleanBC funding will impact the operation. Catalyst Crofton’s GHG emission reduction project is a combination of three process improvements that will result in a significant reduction in total steam energy demand, resulting in decreased natural gas usage at the mill. The three areas of focus for this project are: 1. Re-engineering an unused diffusion washer with state-of-the-art diffusion washing technology to maximize the black liquor fuel quality while using less steam energy. 2. Investing in fibre filter equipment to remove valuable wood fibre from the black liquor fuel and increase the efficiency of the evaporation process. 3. Automate the cleaning process of Evaporator #3 to improve steam efficiency through reduced evaporator downtime.
In March 2022, all printing employment was up +0.6% from March. This time, it was production employment that was up (+1.6%) and non-production employment that was down (-0.9%). One gets the sense that the industry’s attempts at recruiting production staff are generally succeeding: in April 2022, all printing employment was up +1.6% from March, with non-production employment down -0.9%. This is the reverse of what we saw in March. Publishing employment had been improving slightly over last summer, took a turn for the worse in the fall, and started to plateau at the end of the year. It was up a modest +0.6% in March, and now up another +0.4%.
Fiscal 2022 First Quarter Operating Results Overview *Total net sales were $145.8 million, a decrease of $(17.4) million or (10.7)%, compared to a Company first quarter record of $163.2 million last year. Total comparable net sales, including both physical stores and e-commerce, decreased by (13.0)%. *Gross profit was $43.8 million, or 30.1% of net sales, compared to $54.8 million, or 33.6% of net sales, last year. *Operating income was $1.1 million, or 0.8% of net sales, compared to $14.9 million, or 9.1% of net sales, last year. *Net income was $0.8 million, or $0.03 per diluted share, compared to a Company first quarter record of $11.0 million, or $0.36 per diluted share, last year.
When the price of diesel goes up, the cost of everything else follows. Peak travel season is upon us and gasoline prices continue to soar. Americans are rightfully concerned as the cost of filling up their tank keeps going up at the pump. And while most may not pay as much thought to the price of diesel, the reality is that number weighs even heavier on their pocketbooks. Virtually every good you can think of travels by truck before it’s in your reach. And today’s trucks, by and large, run on diesel. The price of diesel is baked into the price of everything else, gasoline included. Right now, motor carriers are getting slammed by nightmarish surges in the price of diesel. It’s especially hard on smaller fleets, which don’t operate at a scale to negotiate rates down or lock prices into a contract. These small businesses account for 97% of trucking companies in the U.S., running 20 trucks or fewer.
Hilex®, a Novolex® brand, today announced the launch of RollStar EZ Open Produce Bags that solve a vexing problem for shoppers: how to open a produce bag with sides that “stick” together. RollStar EZ Open Produce Bags come in different gauges and sizes for fruits and vegetables. Also available are RollStar bags designed for meat, fresh seafood and bakery items. The RollStar compact dispenser makes it simple for shoppers to take one bag at a time, reducing waste by ensuring they take only the bags they need. In addition to being easier to open, the new bags offer a number of other key features: *The Star Seal bottom bags are leak-proof and stronger than conventional flat seal bags; *The universal dispenser is narrow, fits in a variety of spaces and is compatible with most roll bags; *Custom fixtures and custom prints are available; *The bags are made at multiple manufacturing facilities, ensuring business continuity for single-source customers.
Bristol University Press, and its imprint Policy Press, have gone live on a new, integrated scholarly portal on the KGL PubFactory platform. Bristol University Press Digital now hosts its full collection of books and journals with global and social impact in a single site, searchable across all content types. A leading social science publisher committed to making a difference, Bristol University Press champions evidence-informed, bold thinking, from anywhere in the world that aims to address the global social challenges. In 2021, the publisher celebrated 25 years since Policy Press was established and 5 years since the creation of Bristol University Press. Via bristoluniversitypressdigital.com, the new platform provides access to over 1,400 books, 6,000 articles from 18 peer-reviewed journals, and eBook collections from across the social sciences that address global social challenges and support the UN Sustainable Development Goals, with exclusive access to the new, non-profit, Open Access Global Social Challenges Journal. As a rapidly expanding Press approximately 300 books and several new journals will be added each year.
American Dollar to Canadian Dollar = 0.794987; American Dollar to Chinese Yuan = 0.150086; American Dollar to Euro = 1.0708866; American Dollar to Japanese Yen = 0.007658; American Dollar to Mexican Peso = 0.051105.
National Average Price for Regular Unleaded Current: $4.761; Month Ago: $4.204; Year Ago: $3.042. National Average Price for Diesel Current: $5.581; Month Ago: $5.370; Year Ago: $3.186.
Not enough paper for your catalog? Direct mail to the rescue! If catalogs are a main part of your marketing mix, then you know how valuable they are for driving sales and maintaining customer loyalty. But, with today’s supply chain challenges, you may be having trouble finding paper and press time for your full mail plan. The challenge with a catalog is that only a few printers do it well and it uses a fair amount of paper. With current capacity issues at printers and limited paper supply, it’s hard to get a catalog (or all of your catalogs) in the mail. So, what to do? Don’t stop mailing! According to the ANA 2021 Response Rate Report, direct mail drives the highest ROI for all media. Physical mail drives engagement so consider other forms of direct mail in place of the catalog. Learn more at: https://www.jschmid.com/blog/print-even-when-paper-supplies-are-low/
Stora Enso’s new 100% virgin fiber-based kraftliner, AvantForte WhiteTop, is now commercially available. The white top kraftliner targets demanding premium segments, such as fresh food, e-commerce, and shelf-ready packaging. AvantForte WhiteTop kraftliner is engineered to meet brand owners’ need for safe, high-performing, and plastic-free packaging. The new product will serve end-uses that require exceptional strength, purity, and visual appearance. Through Stora Enso’s patent-pending technology, Tri-Ply™, the product is equipped with three fiber layers to maximize its strength and help converters and brand owners use less material than with traditional kraftliners.
The United States Postal Service announced it will soon publish a Notice of Intent to supplement its environmental impact statement (EIS) related to its Next Generation Delivery Vehicles (NGDV) plan. The decision comes as the Postal Service accounts for expected changes following a recently announced plan to improve the Postal Service’s delivery network. The plan to modernize and aggregate delivery operations will make delivery routes more efficient, which may affect the appropriate mix of vehicles to be procured for the Postal Service’s delivery fleet, including NGDV. “As I noted when we placed our initial NGDV delivery order, the Postal Service would continue to look for opportunities to further increase the electrification of our fleet in a responsible manner, as we continue to refine our operating strategy and implement the Delivering for America plan,” said DeJoy. “A modernized network of delivery facilities provides us with such an opportunity. This is the right approach —operationally, financially, and environmentally.”
Gannett Co., Inc. announced a strategic organizational restructuring with the creation of two new U.S. operating business units, Gannett Media and Digital Marketing Solutions (DMS), which will be led by Maribel Perez Wadsworth and Kris Barton as Presidents of each business respectively. The evolved corporate structure is designed to align Gannett’s subject matter expertise and resources with favorable growth opportunities. As President of Gannett Media, Wadsworth will oversee an expansive organization that prioritizes content, news, business-to-business (B2B) and commitment to subscribers while continuing to accelerate Gannett’s digital subscriber growth. As President of Digital Marketing Solutions, Barton brings a unique mix of business, design and technical acumen to the position. He is dedicated to growing DMS offerings as a differentiated marketing platform. He and his team will further the transformation of the DMS business to ensure loyalty from existing customers who value the platform while attracting new customers to engage with the available digital solutions.
As part of the revision process of the FSC forest management standard for continental France, FSC France has published its first public consultation, open to all until 18 July 2022. After a first phase of consultation with stakeholders in the regions and at national level in 2021, FSC France has set up a working group composed of environmental, social and economic organizations in order to improve its forest standard. The process includes two public consultations before validation by FSC International. The first consultation was published on 17 May 2022, and will be open to all until 18 July 2022 on the Consultation Platform, with the aim of collecting the opinions of all stakeholders interested in forest management on the proposals for the evolution of the FSC forest management standard.
Stakeholders from around the world are invited to give feedback on the revised Argentine Forest Certification Scheme. Deadline for comments is 29 July 2022. Give your feedback. The Argentine Forest Certification System CERFOAR revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. The Argentine 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. An important aspect of the assessment process is the public consultation. Over the sixty-day consultation, stakeholders from around the world can give their comments and provide feedback on any aspect of the system. The Registered Assessor will use the information received from this consultation in their assessment of the system.
Our commitment to strengthening the Circular Economy is illustrated by several goals in our Twentyby30 sustainability program, including increasing metal recycling rates in all our major markets. Ambitious targets have been set, from a 70% recycling rate in the U.S. by 2030, to 80% in EMEA in the same timeframe. We are collaborating with industry associations and other partners around the globe to achieve our goals. For example, together with other canmakers and aluminum suppliers, we are working closely with Every Can Counts (ECC) – an initiative to promote recyclability of metal containers among consumers.
Greif has launched a lightweight, high-performance jerrycan in Brazil suitable for packaging agrochemicals, chemicals, flavors, fragrances, and beverages. The JCR20L is almost 20 percent lighter than the standard 20-liter jerrycan. The reduced weight accommodates up to seven percent more jerrycans per pallet and 6.7 percent greater warehouse storage capacity. In addition, the lighter weight means lower collection costs for recycling. Internal analysis indicates that the combination of these factors amounts to a 25 percent reduction in CO2 emissions compared to the standard 20-liter jerrycan.
The Sustainable Green Printing Partnership (SGP), the leading authority in sustainable printing certifications, announced that the Primex Plastics Corporation facility in Reedsburg, WI is the first supplier facility to become SGP certified. SGP has been certifying print facilities since 2008, but recently expanded the program to include supplier facilities. “Primex Reedsburg has been a dedicated supplier of printable plastics since inception in 1986 and a long-time supporter of SGP’s sustainability mission,” said Blake Pace, General Manager, Primex. “Having had a front row seat to view continuous improvement on the part of companies that participate in SGP, when the opportunity arose to seek certification ourselves under the expanded supplier certification, we jumped at the chance.”
Sun Chemical will increase prices across its entire portfolio of packaging, commercial sheetfed and screen inks, coatings, consumables and adhesives in North America, effective immediately or as contracts allow. The inflationary environment in North America has continued to impact the ink industry. Global geopolitical events have caused sustained pressure on logistics availability and have increased the costs to unprecedented levels. The constrained accessibility to labor in the market has driven significant wage inflation while contributing to inefficiencies at manufacturing facilities.
Kruger is pleased to announce that its affiliate Kruger Specialty Papers Holding L.P. today completed the acquisition of Domtar’s pulp mill in Kamloops, British Columbia. The Kamloops facility, which manufactures northern bleached softwood kraft pulp (NBSK) and unbleached softwood kraft pulp, will continue to operate as usual, honouring all existing volume commitments and agreements with customers and suppliers. The Mill’s 320 jobs will be maintained. In addition, Kruger intends to maintain ongoing initiatives to continue modernizing the Mill. This acquisition will also enable Kruger to secure the supply of high-quality pulp for some of its paper mills, including those in Quebec, where the Company is investing about $1 billion for the construction of two state-of-the-art tissue plants.
Building Strong Relationships reviews 2021 and looks at both our achievements and our opportunities to do better. In particular, it highlights the work we did in building relationships with the Indigenous communities in whose traditional territories we operate and our corporate giving campaign which had a greatly increased budget in 2021. The report also looks at our environmental and economic impacts nationally and on a mill-by-mill basis. From an environmental standpoint, 85% of our total energy use was renewable in 2021 and we have continued to reduce our greenhouse gas emissions—now down by 66% since 1990. From an economic perspective, the total economic activity created by Paper Excellence Canada operations was $4.8 billion. “Paper Excellence Canada’s spent this last year putting our words into action and I’m proud of what we have achieved,” said Graham Kissack, Vice President, Environment, Health & Safety and Corporate Communications. “Our vision is to be a profitable, sustainable, and globally competitive fibre products provider that is environmentally and economically beneficial to all stakeholders and this year’s achievements have supported us in that aim.”
Mondi, a global leader in packaging and paper, has collaborated with Austrian mechanical engineering company EW Technology to launch a new machine for paper pallet wrapping that is more efficient and sustainable on small-to-medium production lines. The two companies worked together to design the innovative machine, which fills a gap Mondi identified in the pallet wrapping market. Offering two settings, the machine can be fully automated to wrap up to 60 pallets every hour or semi-automated to wrap 10-15 pallets per hour. The machine takes a full reel of Mondi’s Advantage StretchWrap paper, allowing customers to replace the multi-layer plastic which is currently the industry standard for pallet wrapping. Advantage StretchWrap is 100% virgin paper, created with renewable materials and fully recyclable in existing paper waste streams across Europe. It contains no plastic or coating, but still ensures excellent strength and tension absorption.
S&P Global is suspending financial guidance for the full year 2022. Macroeconomic conditions have deteriorated since S&P Global Inc. last provided financial guidance on May 3, 2022, negatively impacting the Company's expectations for GDP growth and debt issuance volumes. Given the volatility and uncertainty in the issuance environment, the Company cannot affirm its previously issued guidance and expects to reintroduce formal financial guidance in conjunction with its second quarter 2022 earnings results. Debt issuance volumes have been extraordinarily weak year-to-date. Should similar trends continue through the end of 2022, market issuance could see year-over-year declines in the high teens. Rated, or billed, issuance could be approximately 30-35% lower than the previous year, and leveraged loan volumes could be approximately 40% lower. In such a scenario, Ratings revenue could be negatively impacted by as much as $600 million relative to previous revenue guidance and the Company would expect Ratings adjusted operating margin in the high 50s range.
The standard becomes effective on 01 July 2022. This standard is for the use in plantations by smallholders in Indonesia (Management Units smaller than 20 ha) and applies to rough wood and Non-Timber Forest Products (NTFP). The standard has been written in simple language and provides realistic and achievable indicators relevant to the circumstances of smallholders in Indonesia. The Regional Forest Stewardship Standard (RFSS) in Indonesia is an adaptation of the approved RFSS for Asia Pacific for Smallholders in Indonesia, India, Thailand and Vietnam. The national adaptation for Indonesia has been developed and published to pilot test the indicators developed for specific circumstances in Indonesia. For more details on the scope, please refer to sections 1.3, 1.4 and 3.1 of the standard.
The Better with Less – Design Challenge 2022 is now open for submissions. The competition invites designers around the world to create the zero-waste packaging of the future and is open for submissions from 1 June to 1 December, 2022. A world-class jury of renowned package design experts will be looking for lighter, smarter, and circular solutions for some of the most common consumer packages. The competition is organized by a leading European paperboard producer Metsä Board, part of Metsä Group. “In the future, circular economy will guide all consumption. The need for packaging keeps growing, and we must use design in more innovative ways to respect the resources of our planet,” says the Better with Less – Design Challenge jury chairman Ilkka Harju, Packaging Services Director, EMEA and APAC at Metsä Board. “We are asking competition entrants to acknowledge the package’s entire lifecycle from efficient design to easy recycling and purposeful reuse – producing zero waste. It is huge responsibility, but also a brilliant playground for innovation,” he adds.
Ahead of the United Nations World Food Safety Day Tetra Pak announced its new set of research collaborations and programmes to further accelerate efforts to address challenges facing food systems worldwide. The initiative is part of the company’s drive to nurture an innovation ecosystem to open new opportunities in the areas of food availability, safety and sustainability. According to the Food and Agriculture Organisation UN FAO, the world is in a very different place compared to six years ago, when it committed to the goal of ending hunger, food insecurity and all forms of malnutrition by 2030. The current reality is that we have not been progressing fast enough towards ensuring access to safe, nutritious and sufficient food for all people. As an example, over 2 billion people did not have access to enough safe and nutritious food in 2020.
Back in February, Dan Marx had the pleasure of speaking with three commercial printing providers to see how they were experiencing, and what the were doing to mitigate the effect of, the ongoing paper shortage. That piece, “Printing Companies Share Their Experiences with Paper Shortages and What They're Doing in Response”, was featured in Printing Impressions. As the paper crisis is much more a moving target than a moment in time, he reached back out to one of the printers, Christina Esparza, VP of operations for InfoIMAGE, a transactional printer (locations in Coppell, Texas, and Brisbane, California), to see how that company’s experience and approach has changed over the last three months.
Sun Chemical and the DIC Corporation will increase prices across select parts of its color materials portfolio, effective July 1, 2022 or as contracts allow. The price increase affects all market segments. Without signs of relief, the cost increase for key raw materials and packaging components as well as the inflationary pressure on manufacturing operations persist. Energy and logistics costs remain at historically high levels, and the uncertainties due to the Russia-Ukraine crisis and COVID-19 related lockdowns in China, are negatively affecting global value and supply chains. The ongoing escalations make it necessary for the company to increase prices for several product lines of its pigments, dyes and preparations portfolio. The price increases are in addition to those previously announced, including energy and transportation surcharges.
To gain insight into brand-owner and converter perspectives on over-the-counter pharmaceutical and wellness product packaging, we recently conducted a study with key stakeholders in the field. Through these conversations, we discovered some confusion exists surrounding the sustainability of packaging materials. In this article, we will share some of our findings and help clarify some of the benefits and challenges of over-the-counter packaging sustainability. We will also cover results from an LCA study we recently conducted on fiber-based pharmaceutical packaging. For over-the-counter (OTC) product brand-owners, packaging is critical: high standards for quality and safety mean strict attention to protecting the product inside. On crowded shelves, it’s important to differentiate with packaging that attracts interest, reflects such high standards, and communicates vital information about the product. Furthermore, today’s over-the-counter brands and their retailers seek to improve the sustainability of their packaging and adapt to increasing e-commerce.
The Association of American Publishers (AAP) today released its StatShot report for March 2022 reflecting reported revenue for Trade (Consumer Books), Higher Education Course Materials, and Professional Publishing. The report does not include Pre-K revenue due to delays in data collection, but will be updated as soon as that data becomes available. Total revenues across all categories, excluding PreK-12, for March 2022 were down 4.2% as compared to March 2021, coming in at $804.4 million. Year-to-date revenues were up 1.1%, at $3.0 billion for the first three months of the year.
Through the first seven weeks of the third quarter, the average time for delivery of mail and packages across the postal network remained just 2.4 days. Third quarter service performance scores covering April 1 through May 20 included: *First-Class Mail: 93.5 percent of First-Class Mail delivered on time against the USPS service standard, an increase of 5.6 percentage points from the fiscal second quarter. *Marketing Mail: 95 percent of Marketing Mail delivered on time against the USPS service standard, an increase of 2.8 percentage points from the fiscal second quarter. *Periodicals: 86.5 percent of Periodicals delivered on time against the USPS service standard, an improvement of 5 percentage points from the fiscal second quarter.
Rayonier Advanced Materials Inc. announced that De Lyle W. Bloomquist has been appointed President and Chief Executive Officer of the Company, effective immediately. Mr. Bloomquist succeeds Vito J. Consiglio, who has stepped down as President and Chief Executive Officer of the Company, and as a member of the Company’s Board of Directors (the “Board”), with the mutual agreement of the Board. In connection with Mr. Bloomquist’s appointment, the Board named Lisa M. Palumbo as Non-Executive Chair of the Board. Mr. Bloomquist has served on the Company’s Board since 2014 and was named Non-Executive Chair of the Board in May 2020. He has decades of domestic and international leadership experience in the chemicals, minerals and materials industries, including in finance, sales, logistics, operations, IT, strategy and business development capacities. Mr. Bloomquist most recently served as a partner at Windrunner Management Advisors LLC, a management advisory services business, and prior to that served as the President, Global Chemical Business of Tata Chemicals Limited, and President, CEO and Director of Tata Chemicals North America Inc.
For the First Quarter of Fiscal 2022 *Net sales increased 21.0% to $2.3 billion compared to $1.9 billion in the first quarter of fiscal 2021 due to the favorable impact of fewer COVID-19 restrictions compared to the first quarter of fiscal 2021. *Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 18.0%, driven by a 10.0% increase in transactions and an 7.3% increase in average ticket. *Gross profit increased to $941.0 million compared to $753.8 million in the first quarter of fiscal 2021. As a percentage of net sales, gross profit increased to 40.1% compared to 38.9% in the first quarter of fiscal 2021, primarily due to leverage in fixed costs, strong growth in other revenue, and favorable channel mix shifts, partially offset by lower merchandise margin. *Operating income increased to $437.7 million, or 18.7% of net sales, compared to $305.3 million, or 15.8% of net sales, in the first quarter of fiscal 2021. *Net income increased to $331.4 million compared to $230.3 million in the first quarter of fiscal 2021.
First Quarter Fiscal 2022 - Financial Results: *Net sales of $3.5 billion, down 13% compared to last year. *Net sales growth in the first quarter fiscal 2022 was negatively impacted by an estimated 5 percentage points related to lapping the benefit of stimulus last year and approximately 3 percentage points from divestitures, store closures, and the transition of the company’s European business to a partnership model. *Comparable sales were down 14% year-over-year. *Store sales declined 10% compared to last year. The company ended the quarter with 3,414 store locations in over 40 countries, of which 2,825 were company operated. *Gross margin was 31.5%, 930 basis points lower than last year. *Operating loss was $197 million in the quarter; operating margin of negative 5.7%. *Net loss of $162 million
UPM Raflatac has signed an agreement to acquire AMC AG, a Germany-based company. This acquisition accelerates growth and expands the product offering of UPM Raflatac. Both parties have agreed not to disclose the purchase price or other transaction details. The transaction is expected to be closed latest in Q3, 2022. The closing of the acquisition is subject to regulatory approvals. With this acquisition, UPM continues in its strategic path, adding to the organic growth in the attractive specialty packaging material value chain and strengthens the company’s transformation and long-term value creation in one of its three spearheads of growth. AMC AG, founded in 1996 with roots going back to 1959 is a private company with long-term private owners. The company has two production sites Kaltenkirchen and Hagenow in Northern Germany. AMC’s business includes coating of pressure sensitive filmic labelstock and Viscom/Graphics materials under the Intercoat brand, and removable self-adhesive stationary products under the brand names Global Notes and Print Inform. The company employs more than 300 people and the latest financial year sales of AMC AG was EUR 110 million. UPM Raflatac expects to accelerate AMC’s growth and realize significant synergies.
Canfor Corporation is announcing the continuation of reduced operating schedules at its Western Canadian sawmills due to the ongoing global supply chain challenges. The Company has been operating at approximately 80% of production capacity since late March 2022. In addition, the Company will be implementing two weeks of rotating downtime across its primary sawmills in July and August, which will help align production capacity with the sustainable timber supply and transportation availability. The Company will use this downtime to complete maintenance projects and other site activities to help mitigate the impact on employees. These capacity reductions are expected to result in an incremental impact of approximately 275 million board feet by the end of August, in addition to the 100 million board feet reduction previously announced on March 30th.
Paddock Enterprises a wholly owned subsidiary of O-I Glass, Inc. , announced that an order confirming its Plan of Reorganization was entered by the United States Bankruptcy Court for the District of Delaware, paving way to the implementation of the Plan and the final stage in the Chapter 11 process. “We are pleased to have achieved this significant milestone resolving Paddock’s legacy liabilities in a manner that is fair and equitable, and provides finality for the company moving forward,” said Andres Lopez, CEO of O-I Glass. “The broad support for the Plan among Claimants is indicative of the positive outcome it delivers to all parties. We look forward to implementing the final steps in the Chapter 11 process following this confirmation by the Bankruptcy Court.”
Konica Minolta Business Solutions U.S.A., Inc. announced it has extended its partnership with the Plockmatic Group to launch the powerful and versatile SD-435/450 booklet maker. This brings a cost efficient solution for heavy production finishing to low and mid-sized Centralized Reprographic Departments (CRD) and commercial print environments. Plockmatic Group’s inline platform introduces architecture that enables new features for the first time in the low-to-mid volume market segments across Konica Minolta’s AccurioPress mono and color production machines. The inline versions of the SD-435/450 will be exclusively sold by Konica Minolta throughout 2022. The new system architecture enables customers to produce high-quality booklets including 8.5” x 11” landscape and has all the key processes needed to produce corner and edge staple, folding, spine forming and full bleed trimming, all combined in one single, easy-to-use system.
The American Forest & Paper Association (AF&PA) released its April 2022 Printing-Writing Monthly report. According to the report, total printing-writing paper shipments remained essentially flat (+0.3 percent) in April compared to April 2021. Total printing-writing paper inventory levels increased one percent when compared to March 2022. U.S. purchases of uncoated free sheet (UFS) papers in April increased one percent compared to last April while the inventory level increased one percent compared to March 2022. UFS imports increased 12 percent while exports decreased 26 percent in March 2022. Coated free sheet (CFS) paper shipments increased five percent compared to April 2021 while the inventory level increased two percent compared to March 2022. CFS imports increased 16 percent while exports decreased ten percent in March 2022. U.S. purchases of coated mechanical (CM) papers in April decreased 21 percent compared to last April while the inventory level increased six percent compared to March 2022. CM imports and exports both decreased compared to March 2021, down 21 percent and nine percent respectively. Uncoated mechanical (UM) paper shipments increased 15 percent compared to April 2021 while the inventory level increased one percent compared to March 2022. UM imports increased 13 percent while exports remained essentially flat (-0.1 percent) in March 2022.