Concerns over the long-term effects of plastics in our environment have led to stronger calls for biobased, renewable materials. One such material is nanocrystalline cellulose (NCC), also known as cellulose nanocrystals (CNC). These tiny crystals are extracted from wood and processed into a powder or liquid suspension, which can be used to add strength, enhance lubrication and improve impermeability in everyday products. Our research in biomaterials science includes advanced fibers, cellulosic sugars, thermochemical fuels, Biochoice® lignin and extractives. Each of these platforms uses natural components from trees to develop innovative, biobased products and applications. Click read more below for additional detail.
Printing Industries of America has announced the winners of the 2019 Best Workplace in the Americas (BWA) award and the Safety Shield designation. The Best Workplace in the Americas award winners were evaluated on human resources benchmarking categories that recognize companies that embrace the most sought-after qualities for today's work environment: Communication & Culture, Employee Resources & Benefits, and Safety & Work Environment. The Safety Shield designation winners were evaluated on the importance of focusing on safety practices in the workplace. Winners of the Best Workplace designation include: Royle Printing, Sun Prairie, WI. Click read more below for additional detail.
UPM supports the academy program of Plant-for-the-Planet, a charitable foundation that wants to contribute to climate protection. The foundation plants trees and organises children academies to promote sustainable thinking and environmental awareness. "In the academies children educate each other as amabssadors for climate justice. They learn concretely how the climate crisis threatens their future and the lives of people worldwide and develop their own actions for their future in groups. Furthermore, they also practice their presentation skills as a core competence for school and everyday life," explains Lisa Kohn, Public Relations, Plant-for-the-Planet. Click read more below for additional detail.
WestRock Company announced Robert (Bob) Feeser, president of Consumer Packaging, will retire from the company, effective April 30, 2019 and that Patrick (Pat) Lindner has been appointed the new president of Consumer Packaging. During his 32-year career, Feeser has held various management and leadership positions within the company’s paper, containerboard and consumer packaging businesses. Since the creation of WestRock, he has led the company’s Consumer Packaging business, advancing our strategy in both paperboard and packaging across the consumer packaging markets. Lindner will join WestRock in March and will succeed Feeser in the role of president of Consumer Packaging. Lindner joins WestRock from the privately held, $3 billion sales, W.L. Gore & Associates, where he has served as its chief operating officer. Prior to this role, Lindner served as president of the $6 billion sales Performance Materials group for E. I. du Pont de Nemours & Company. He holds a bachelor of science degree in chemistry from Hamilton College, and a PhD. in chemistry from Dartmouth College. Click read more below for additional detail.
Boise Paper announced a new product available through their digital papers program: Boise® Digital Standard. This 92 bright, inkjet treated sheet is a reliable and cost-effective solution for direct mail, manuals, promotional materials, and more. The line also includes 96 bright Boise® Opaque, a quality product ideal for two-sided printing, booklets, posters, calendars and newsletters, and 97 bright Boise® Digital Elite, a highly versatile paper, ideal for high profile projects, including brochures, business collateral, financial reports, and short run color projects. Click read more below for additional detail.
Pearson completes another major milestone in its simplification programme with the announcement of the sale of its US K12 courseware business to Nexus Capital Management LP (Nexus) for headline consideration of $250m. Total proceeds comprise an initial cash payment of $25m and an unconditional vendor note for $225m expected to be repaid in three to seven years. Following the repayment of the vendor note, Pearson is entitled to 20% of all future cash flows to equity holders and 20% of net proceeds in the event the business is sold. This additional consideration has been structured to provide Pearson with the potential to capture future upside in the US K12 courseware adoptions market over the coming years. This disposal is an important part of our ongoing work to become a simpler and more efficient company, focused on fewer, bigger opportunities that contribute towards growth and our digital transformation. It will greatly simplify our ongoing technology, systems and office rationalisation. Click read more below for additional detail.
American Forest & Paper Association President and CEO Donna Harman thanked Congress for reaffirming that federal regulatory policy should reflect the carbon neutrality of forest-based renewable biomass. Fiscal Year 2019 appropriations legislation, which passed the House and Senate, contains legislative language to that effect. “We thank our bipartisan Congressional champions for advancing a measure that recognizes long-standing scientific principles and appropriately reflects the paper and wood products industry’s use of carbon neutral biomass for energy production. We are one of the largest manufacturing sectors in the nation and deserve clear public policy that supports our ability to grow the economy, create American manufacturing jobs and stay in step with global competition. We look forward to working with the Environmental Protection Agency, the Department of Energy and the United States Department of Agriculture to fully implement this Congressional directive.”
Brent crude oil steadied on Monday, on track for its strongest first quarter in eight years, thanks to a growing belief among investors that OPEC's supply cuts will prevent a build-up in unused fuel, though concern over China's economy offset gains. Oil has risen nearly 25 percent so far this year and is on course for its strongest first-quarter performance since 2011, thanks largely to a commitment by the Organization of the Petroleum Exporting Countries and allies to cut output. Click read more below for additional detail.
When the Bureau of Labor Statistics (BLS), part of the U.S. Department of Labor, announced recently that commercial printing, screen printing and print support activities have become "too small or too concentrated to be tracked" in its Current Employment Statistics database, there was an uproar in parts of the industry. Michael Makin, President & CEO of Printing Industries of America, shot back with a missive expressing his disappointment, citing forecasts for print revenue growth, and noting PIA's multiple attempts to get BLS to revise its outdated definition of the printing industry. "Print has and will continue to evolve as a media, and printers will continue to transition with a diverse mix of processes, products and ancillary services," he wrote. "Unfortunately, the BLS has demonstrated it is less than interested in keeping up with the times and in collaborating with PIA on modern industry definitions that would more accurately reflect that print is alive and thriving as a key manufacturing sector." Click read more below for additional detail.
A soft fourth quarter in which revenue fell 7% led to a 0.6% decline in sales for 2018 at Simon & Schuster. Despite the sales decline—from $830 million in 2017 to $825 million last year—operating income rose almost 6% in 2018 over 2017, to $144 million. S&S parent company CBS said the fourth quarter revenue decline was due to lower print book sales. S&S CEO Carolyn Reidy said the company "came up short" on a couple of titles right before Christmas, but that it performed well in the period given the reduction in printing capacity the industry experienced over the holidays. She added that the industry now realizes it is operating in a new environment where printing capacity has declined. Nonetheless, she is confident S&S will adapt to the changing circumstances. Click read more below for additional detail.