Smurfit Kappa continues to make significant and tangible progress on achieving its sustainability targets according to its 14th Sustainable Development Report ("SDR"). It highlights the company’s long-standing objective to be an impactful business that drives change and nurtures a greener planet through the three key pillars of Planet, People, and Impactful Business. Furthermore, Smurfit Kappa’s end-to-end approach to sustainability is evident in its innovative products and processes that support customers and positively impact the entire value chain. Compared with 2019, Smurfit Kappa made significant progress in reducing its fossil CO2 emission intensity. Compared with 2019, the Group also made continued progress during 2020 on a number of its other key sustainability targets: *Water discharge quality improved by 5% *Waste to landfill intensity decreased by 18% *Chain of Custody certified packaging deliveries to customers increased by 2% *Safety performance improved by 29% *Social projects received €7.7 million in donations, including €3 million in various COVID-related projects during the financial year.
HP Inc. and Cimpress, the world leader in mass customization, announced a multi-year, strategic agreement for a large-scale investment in next-generation HP Indigo digital presses to grow the online personalized print product market. HP Indigo’s largest customer globally, Cimpress will deploy a fleet of new HP Indigo digital presses over the next two years, primarily the B2-format HP Indigo 100K Digital Press engineered for breakthrough productivity. The new technology is aimed at providing additional revenue for the company’s brands and improved efficiency across its global manufacturing operations. Cimpress’ worldwide businesses, including Vistaprint, serve tens of millions of customers every year by making personalization convenient and affordable, producing unique products that have the reliability, quality and affordability of mass produced goods.
“Both of our businesses performed well in the first quarter, despite some headwinds. For paperboard, we experienced strong demand and robust backlogs. The tissue business saw a decrease in demand as consumers de-stocked their pantries and retailers reduced orders to manage their inventories,” said Arsen Kitch, president and chief executive officer. “While the decrease in tissue demand is a short-term phenomenon, we remain focused on generating cash, reducing debt, and driving long-term performance improvements.” For the first quarter of 2021, Clearwater Paper reported net sales of $426 million, an 11% decrease compared to net sales of $478 million for the first quarter of 2020. Net income for the first quarter of 2021 was $12 million, compared to net income for the first quarter of 2020 of $10 million.
Northern Pulp Nova Scotia announced it has notified Nova Scotia’s Minister of Environment and Climate Change of its withdrawal from the environmental assessment review process for a replacement Effluent Treatment Facility (ETF) effective today, May 5, 2021. “The withdrawal of the environmental assessment registration puts an end to previous plans and approaches and is an important step toward the future of the mill and rebuilding relationships with local residents, special interest groups, and First Nations,” said Graham Kissack, Vice President, Environment, Health, and Safety, and Communications. “We have taken the time to listen and review input received over the past few years to inform the development of environmental transformation and modernization plans for everything from community engagement to forestry practices to addressing odour, air, and water emissions,” said Kissack. “We are committed to doing things differently.”
Technocell Dekor is adding five new colours to its LEVEL 25 trend colour collection. From soft green to modern grey - the new décor paper trend colours 2021/2022 create a feeling of harmony. With this collection update, the décor paper manufacturer shows where the colour trends in interior design lie. In addition, the décor specialist offers its customers and interested parties a new service with the Colourkolleg Workshop. Five new décor paper colours now complement Technocell Dekor's LEVEL 25 trend colour collection. The trend colours have the melodious names Aurora Green, Modern Grey, Sunrise Blue, Light Fawn or Desert Rose and are available immediately.
In order to make the processes that involve our customers and business partners even more efficient in the future, we have restructured our sales activities. As part of our restructuring process, all supply and service relationships will be handled by Koehler Paper SE instead of Papierfabrik August Koehler SE starting on May 3, 2021. We will continue to work with our customers with the usual high quality, and neither the corresponding contact people nor the contact information will change.
Mondi delivered a robust performance in the first quarter of 2021, with strong demand across our packaging businesses supported by our broad range of innovative, sustainable packaging solutions, and higher average containerboard selling prices following recently implemented price increases. Strong cost control continues to support our performance against a backdrop of input cost inflation and negative currency effects. Underlying EBITDA for the first quarter was in line with our expectations at €353 million, down 8% compared to the prior year period (Q1 2020: €385 million) while up 14% on a sequential basis (Q4 2020: €309 million). Good cash generation resulted in lower net debt at the end of the quarter.
Financial summary for the quarter: *EBITDA excluding special items US$112 million (Q2 FY20 US$131 million) *Net debt US$2,070 million (Q2 FY20 US$1,879 million) *Loss for the period US$23 million (Q2 FY20 Profit of US$2 million) *EPS excluding special items -1 US cent (Q2 FY20 4 US cents). For the quarter, a strong packaging and specialities performance combined with solid results from dissolving pulp (DP) more than offset the weak demand and margin squeeze in graphic paper.
Copresco has installed a General Binding Corporation G2 punch to expand its binding capabilities for digitally printed books, manuals and publications. “Combined with our Konica Minolta press, the GBC G2 provides professionally printed, punched and ready-to-bind documents—in one easy step,” notes Copresco President Steve Johnson. With the new punch, along with two existing James Burn AlphaDoc punches, Copresco now has the option of preprint, inline, or post press punching for maximum flexibility and faster turnaround of loose-leaf, plastic coil and double loop wire bound books. “This assures that even with our growing production volumes Copresco will honor its Copies Overnight commitments,” Johnson says.
Sustana a manufacturer of premium, sustainable recycled fiber and paper products, announces the appointment of Emily Olson to Director and Sustainability Ambassador. In this new role, Emily will be an ambassador for driving Sustana Group’s sustainable products, strategy, and circular economy initiatives across Sustana Fiber and Rolland, advancing the group’s leadership in providing sustainable recycled products to the paper industry. This leadership position reflects Sustana’s continued commitment to drive sustainability within the paper and packaging sector. Emily’s strategic vision, using systemic-based strategies and the capability to provide solutions for corporate sustainability goals, regenerative initiatives, and circular economy, will bring together Sustana’s key offerings of sustainable recycled closed-loop solutions for consumers and brands.