The results of a new survey commissioned by Two Sides reveal a telling insight into the public’s perceptions and attitudes towards print and paper. Carried out by independent research company Toluna, consumers from across the U.S. (n= 2,094) and Canada (n= 1,044) were surveyed on environmental topics and preferences relating to paper and print. It is clear from the survey that consumers are concerned about the environment, but there are some obvious gaps between consumer environmental perceptions and the real facts. This is particularly evident for questions related to forest management and recycling. •58% of U.S. consumers surveyed believe U.S. forests have been decreasing in size since the year 2000. In fact, U.S. forests had a net growth of over 1,500 NFL football fields per day since 2000. •Only 15% of Americans and 21% of Canadians think the paper recovery rate exceeds 60% when it is over 68% in the U.S and 70% in Canada. Click Read More below for additional information.
Rayonier Advanced Materials announced that it is repositioning key members of its senior management team to drive the company’s Go-to-Market strategy and accelerate new product commercialization. Frank Ruperto will assume the role of Senior Vice President, High Purity and High Yield Cellulose Business; Dr. Erin Byers will assume the new role of Senior Vice President, Research and Development; and Marcus Moeltner will be promoted to Chief Financial Officer and Senior Vice President, Finance. “Driving growth is a critical part of creating value for our stockholders,” said Paul Boynton, Chairman, President and Chief Executive Officer of Rayonier Advanced Materials. “We are repositioning key members of our senior leadership team to focus on the initiatives essential for our future success. I’d like to congratulate all three executives as they assume their new roles and responsibilities.” Click Read More below for additional information.
The Better with Less – Design Challenge arranged for the first time in 2017–2018 was an impressive success, with over 300 packaging designs submitted to the competition. This year’s Design Challenge is approaching, and the world-class jury of renowned packaging design experts has now been announced. Last year, Metsä Board’s Better with Less – Design Challenge inspired students and professional packaging designers from 38 countries to contribute their work showcasing more environmentally-friendly packaging solutions. This year, the Better with Less – Design Challenge will again have a world-class jury of renowned packaging design and branding experts: Alissa Demorest, Editor in Chief of luxury packaging magazine Formes de Luxe, has extensive experience in the luxury-goods sector from both a brand and supplier perspective. Andrew Gibbs, Founder, CEO & Editor in Chief of Dieline has been called an “innovator in the world of design”. Charles Ng, Founder & Chief Brand Consultant of MCL Group Hong Kong / China, takes a holistic approach of brand design from brand auditing, brand analysis to brand strategy that provides creative works covering packaging, graphics, products, spatial and retail. Clark Goolsby, Chief Creative Officer of Chase Design Group, emphasizes the value of design, and the lasting cultural and financial impact it can have for products and organizations. Stefan Junge, Professor in Packaging Technology at Beuth University of Applied Sciences Berlin, has more than 20 years of experience in the field of packaging technology, having for example held the position of Corporate Packaging Manager at Sika and multiple positions at Nestlé. Click Read More below for additional information.
Verso Corporation announced that its Board of Directors has unanimously adopted a limited duration stockholder rights plan, following the Board's evaluation and consultation with the Company's advisors, and has declared a dividend distribution of one right ("Right") for each outstanding share of common stock. The record date for such dividend distribution is June 27, 2019. Unless and until a triggering event occurs and these Rights become exercisable, the Rights will trade with the shares of the Company's common stock. The adoption of the Rights Plan is intended to protect Verso and its stockholders from the actions of third-parties that the Board determines are not in the best interests of Verso and its stockholders, and to enable all stockholders to realize the long-term value of their investment. The Rights Plan also protects Verso from any efforts to obtain control while it is conducting its strategic alternatives process so that it can maximize the likelihood of a successful outcome. The Rights Plan is similar to other rights plans adopted by publicly-traded companies. Click Read More below for additional information.
The Grand Prix in this year’s Print and Publishing category was awarded to a blank piece of paper, albeit one that created an international conversation. The award was given to Impact BBDO Dubai, which redesigned An-Nahar, a newspaper in Lebanon, to feature a blank front page. The attention-grabbing white space represented civic conversation grinding to a halt after elected officials failed to form a government for months on end. “It was a perfect demonstration that print creativity can do a lot,” said Olivier Altmann, jury president and co-founder of agency Altmann + Pacreau. The bold stunt, called “The Blank Edition,” was covered in more than 100 publications internationally, and editor in chief Nayla Tueni held a press conference explaining the blank front page and calling on Lebanese citizens to use the space to send a message to the government. Click Read More below for additional information.
Amazon continues to invest in ways to provide fast, free shipping for customers. At the International Paris Air Show, the company announced a partnership with GE Capital Aviation Services (GECAS) to lease an additional fifteen Boeing 737-800 cargo aircraft. These fifteen aircraft will be in addition to the five Boeing 737-800’s already leased from GECAS and announced earlier this year. The aircraft will fly in the United States out of the more than 20 air gateways in the Amazon Air network. “These new aircraft create additional capacity for Amazon Air, building on the investment in our Prime Free One-Day program,” said Dave Clark, Senior Vice President of Worldwide Operations at Amazon. “By 2021, Amazon Air will have a portfolio of 70 aircraft flying in our dedicated air network.” “We’re delighted to support Amazon Air’s dedicated air network,” said Richard Greener, GECAS Cargo’s Senior Vice President. “The capability of the 737-800 freighter will further Amazon’s ability to provide reliable and regional delivery to its customers for years to come.” Click Read More below for additional information.
Oil prices eased for a second day on Tuesday on signs that global economic growth is being hit by the U.S.-China trade war, although losses were limited by tensions in the Middle East after last week’s tanker attacks. Oil prices have fallen around 20% since 2019 highs reached in April, in part due to concerns about the U.S.-China trade war and disappointing economic data. Putting further pressure on oil, the U.S. energy department said on Monday that shale oil output is expected to reach a record in July. Click Read More below for additional information.
Are you guilty of wishcycling? Also known as aspirational recycling, wishcycling happens when you put something into the recycling bin without checking whether it’s actually recyclable. We get it! You don’t want to add more waste to the planet, so you toss your item in the recycling bin, hoping it’ll get recycled. Worst-case scenario: If you made a mistake, the recycling facility will be able to fix it. Right? The answer is no. Although people have the best of intentions, wishcycling is one of the biggest issues waste management faces today. This video from the American Forest and Paper Association explains wishcycling. Click Read More below for additional information.
Special interest magazine publisher F+W Media is due back in Delaware bankruptcy court Monday afternoon, where the company is expected to present the winning bidders emerging from an auction of its remaining media assets, the latest step in a process that began when the company filed for Chapter 11 protection in March, citing over $100 million in debt. Unlike the company’s books division—the entirety of which went to Penguin Random House for $5.6 million at a similar auction last week—the magazine side was broken up and auctioned off in pieces, with the largest chunks going to Active Interest Media subsidiary Cruz Bay Publishing and Macanta Investments, the investment vehicle for Terence O’Toole, who is co-managing partner of Tinicum Inc., the private investment firm that acquired a majority stake in F+W in 2014. The total take for F+W, should all of the bids go through, will be $7.75 million. Click Read More below for additional information.
Fortress Global Enterprises Inc. is pleased to announce that it has been granted a multi-year moratorium on upcoming principal and interest payments by Investissement Québec (“IQ”) under IQ’s outstanding loan. Fortress has received, without penalty, a postponement of approximately $45 million in principal and interest payments under the IQ Loan from June 30, 2019 to December 31, 2021. Interest payments during this period will be deferred and capitalized and the maturity date of the IQ Loan has been extended by five years to December 31, 2031. The principal amount of the IQ Loan, including capitalized interest, is to be repaid in quarterly instalments beginning on March 31, 2022. IQ has also agreed to extend the moratorium and the term for an additional 24 months and subordinate its security in favour of third party lenders in the event that Fortress obtains new financing, subject to certain limitations. Giovanni Iadeluca, Chief Executive Officer of Fortress, commented: “This multi-year deferral is a first step in strengthening our balance sheet and is a key component of our vision to create a long-term financing structure that will support the Company’s growth. The moratorium will contribute to production initiatives currently underway at the Fortress Specialty Cellulose mill, increase the working capital available to the mill, and provide Fortress with greater financial flexibility." Click Read More below for additional information.