During the 2019 ICMA EXPO, Sun Chemical will display its full range solutions for credit and laminated cards, including its screen and offset inks, pre-laid overlays, pre-patched holograms, magnetic tapes, engraved lamination plates, security applications and electronic materials. “Sun Chemical is dedicated to providing card manufacturers, issuers and branding firms with a complete array of solutions for credit and laminated card printing,” said Anthony Renzi, Vice President, Product Management of Packaging Inks, North American Inks, Sun Chemical. “During ICMA EXPO, we look forward to showing how customers can streamline their card printing operations through Sun Chemical’s wide selection of solutions.” Click read more below for additional detail.
Paper manufacturers encourage forest sustainability through their purchase and use of certified wood fiber and by promoting sustainable forest management policies and practices at home and around the globe. By providing a dependable market for responsibly grown fiber, the paper industry encourages landowners to manage their forestland instead of selling it for development or other non-forest uses.², ³ • Net forest area in the U.S. has been stable since the early 1900’s and has increased from 754 to 766 million acres between 2005 and 2015. Net volume of growing stock increased by over 10% between 2005 and 2015.4 Canada’s forest area of 857 million acres has been quite stable over the past 25 years.5 • Each year forests in the U.S. and Canada grow significantly more wood than is harvested. In the U.S., average net annual increase in growing-stock trees nationwide is about 26 billion ft³.6 In 2015, Canada harvested just over 5.6 billion ft3 of timber, well below the estimated sustainable wood supply level of 7.98 billion ft³.7 Click read more below for additional detail.
German paper mill Scheufelen has filed for insolvency again, according to German media reports. The Lenningen-based company was resurrected as Scheufelen GmbH in July 2018 after securing investment from Berlin-based Green Growth Fund 2/Wermuth Asset Management, Hamburg-based Nordia Invest and Scheufelen Equity Partners. Its predecessor Papierfabrik Scheufelen had filed for insolvency at the end of January 2018. The German press has now reported that the company filed an application to open insolvency proceedings again on Wednesday (20 February). EUWID Papier und Zellstoff said production at the site is currently at a standstill, with 100 employees affected. Click read more below for additional detail.
R.R. Donnelley & Sons Company announced that it has received the 2019 Xplor Application of the Year Award from Xplor International. The award will be presented at the XPLOR19 customer communications management and digital document conference on April 23 in Las Vegas. RRD was recognized for the creation of a proprietary Hosted Customer Communications Management (HCCM) On-Demand Service that provides real-time message composition and omnichannel delivery through a single portal. “Across RRD, we are leveraging emerging technologies to create new capabilities for our clients that solve their business challenges and advance their communications capabilities,” said Ken O’Brien, Executive Vice President and Chief Information Officer, RRD. Click read more below for additional detail.
Finch Paper has gotten more efficient in the last few years and plans to use its profits to make many capital upgrades in 2019. Chief Financial Officer Alex Rotolo said 2017 was a tumultuous year in the paper industry as a lot of companies went out of business. While that was not good for those employers, it caused paper prices to increase as the supply shrank. “We’re taking the funds that we were able to make in 2018 and investing them back in the business in 2019 in the form of capital improvements. We have a higher capital budget than in any recent history,” he said. There are 84 projects in Finch’s capital plan, according to Rotolo. This includes hardware and software upgrades to the paper machines. The overall goal is to improve the quality and speed at which the company can change the machines to handle different types of paper, according to Rotolo. Click read more below for additional detail.
Fourth Quarter 2018 Summary: • Reported sales increased 9% • Core sales, excluding currency and acquisition effects, grew 7% • Reported earnings per share decreased 19% to $0.62 compared to prior year earnings per share of $0.77 • Adjusted earnings per share increased 19% to $0.92 compared to prior year adjusted earnings per share of $0.77 (including comparable exchange rates) • Reported net income decreased 18% • Adjusted EBITDA increased 20%. Click read more below for additional detail.
Oil prices hovered around 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were capped by slowing growth in the global economy. OPEC and its de facto leader Saudi Arabia agreed late last year, along with producer allies such as Russia, to cut output by 1.2 million barrels per day (bpd) to prevent a supply overhang from growing. OPEC member Nigeria signalled on Wednesday that it would limit output after its production climbed in January. Click read more below for additional detail.
Even in a digital world, the paper industry is thriving because paper products continue to be an essential part of our daily lives. As a result, career options are booming for paper science engineers. With Domtar’s paper mills achieving record performance and an industry-wide trend of baby boomers retiring over the next several years, paper science engineers are in high demand. If you’re a college student or know someone who is, there’s never been a better time to pursue a career in the pulp and paper industry. “We always have high demand for paper science engineers,” says Melanie Jenkins, Domtar talent acquisition specialist. “It’s one of our most highly recruited positions and one of the best for offering early-career professionals an incredible opportunity to build a long and successful career.” Click read more below for additional detail.
Fourth-quarter highlights •Walmart U.S. comp sales1 on a two-year stack of 6.8% is the strongest growth in 9 years. •Walmart U.S. eCommerce continued to benefit from the expansion of grocery pickup and delivery and a broader assortment on Walmart.com. •Sam's Club comp sales1 increased 3.3%3, and eCommerce sales grew 21%. •Net sales at Walmart International were $32.3 billion, a decline of 2.3%. Excluding currency2, net sales were $34.0 billion, an increase of 2.7%. Click read more below for additional detail.
Net sales increased 1.5% during the fourth quarter 2018 to $1.2 billion, reflecting the impact of the Ivie & Associates and Rise Interactive investments as part of Quad’s continuing transformation as a marketing solutions partner. Organic sales declined 4.6% for the quarter after excluding acquisition sales impact of 4.3%, increased pass-through paper sales of 2.5%, and a 0.7% unfavorable foreign exchange impact. The organic results reflect ongoing print industry volume and pricing pressures, and are consistent with the Company’s expectations. Net earnings attributable to Quad’s common shareholders decreased during the fourth quarter of 2018 to a loss of $21 million. Net sales increased 1.5% during the year ended December 31, 2018, to $4.2 billion. Organic sales declined 3.8%, as expected, after excluding acquisition sales impact of 4.3%, increased pass-through paper sales of 1.4%, and a 0.4% unfavorable foreign exchange impact, reflecting ongoing print industry volume and pricing pressures. Net earnings attributable to Quad common shareholders for the year ended December 31, 2018, decreased to $9 million, or $0.16 per share.