Through their project, Domtar addresses certification challenges for small landowners in their southern U.S. wood procurement region, ensuring a greater supply of certified fiber to their pulp and paper mills to meet growing customer demand. As a founder and supporter of the Appalachian Woodlands Alliance, the company engages hundreds of small landowners in Kentucky, North Carolina, Tennessee and Virginia in responsible management of their woodlands. Domtar also helped 220 landowners across Arkansas, Louisiana, Oklahoma and Texas achieve certification for 628,000 acres of woodland through the Four States Timberland Owners Association. “We are proud to invest in certification programs and associations to help landowners and meet the needs of our customers,” said Domtar President and CEO John Williams.
Oil futures settled lower Monday as recent developments in Sino-American trade negotiations reignited some fears about demand for energy assets in the face of a prolonged tariff scuffle. On Friday, futures enjoyed a modest bounce after a report on drilling activity in the U.S. pointed to a pause in activity, which could be bullish for crude prices. Meanwhile, reports also suggested that members of oil cartel, the Organization of the Petroleum Exporting Countries and other members, including Russia, known as OPEC +, may not seek deeper cuts in member production to help support prices.
A poll from the American Catalog Mailers Association (ACMA) finds that 16 months later, the Wayfair decision from the U.S. Supreme Court is causing greater harm than anticipated to ecommerce, catalog and other merchants. Davison called the cost to retailers for tax collection software exorbitant and the results of the poll “frightening.” Among other findings the survey shows: •56% said their sales decreased as a direct result of the SCOTUS decision •Remote merchants have had to pay up to $275,000 as an initial investment for sales tax collection software, including consulting services •Companies have paid up to $500,000 for recurring expenses of sales tax collection, with 85% saying it wasn’t budgeted. •89% say they’re concerned about future audits by multiple taxing jurisdictions
Oji Holdings Corporation is pleased to announce that it has commenced joint procurement of imported woodchip, the main raw material of paper manufacturing business, through O&C Fiber Trading Co., Ltd., a joint venture company with Chuetsu Pulp & Paper Co., Ltd. and Mitsubishi Paper Mills Co., Ltd., both of which are equity-method affiliates of Oji Holdings. By jointly procuring imported woodchip which is the main raw material of paper manufacturing business, with the aim of reducing cost for raw materials procurement, competitiveness strengthening of the three company groups will be pursued through the promotion of: making effective use of surplus charter contracts, reducing purchasing cost through direct trading, optimizing supply sources, and reducing fixed cost via operational and personnel rationalization.
For this year’s PEFC Week, the PEFC family is gathering in Würzburg, where we first presented our logo in 1999, a few months before PEFC was founded. The meeting in Würzburg marked a turning point in the establishment of our organization. In 2019, we have been driving innovation via novel technological approaches and engagement in emerging issues through our projects and partnerships. We are striving to further increase our communications effectiveness through new online campaigns, including a video campaign and our annual photo contest. We focus our engagement in emerging sectors such as construction, packaging and fashion and forge new partnerships that will benefit millions of smallholders.
Faced with difficult comparisons to last year’s third quarter, when Bob Woodward’s Fear: Trump in the White House was a huge hit, sales at Simon & Schuster fell 9.6% in the most recent period compared to a year ago. Despite the revenue decline, operating income at the publisher rose by $1 million over the third quarter of 2018, to $52 million, making it the 19th consecutive quarter earnings rose year over year at the publisher. Sales were $217 million, down from $240 million, in the comparable period in 2018. S&S CEO Carolyn Reidy attributed the earnings increase to lower cost of goods, as well as cost controls and improvements in the supply chain. “It’s something we work hard at,” she said, referring to making the supply chain more efficient.
Verso Corporation announced that it has entered into a definitive agreement to sell its Androscoggin mill, located in Jay, Maine, and its Stevens Point mill, located in Stevens Point, Wisconsin, to Pixelle Specialty Solutions LLC for $400 million, subject to post-closing adjustments. The sale, which has been unanimously approved by the Company's Board of Directors, is subject to and conditioned upon the receipt of approval from the Company's stockholders at a special meeting of stockholders, as well as certain regulatory and other customary approvals. The transaction is anticipated to be completed in the first quarter of 2020. Verso also announced that Adam St. John had been named as the Company's Chief Executive Officer and appointed as a member of the Board. Mr. St. John has been Senior Vice President of Manufacturing for all Verso mills and a long-standing member of the Senior Leadership Team.
Net sales for the third quarter of 2019 decreased by $88 million compared to the third quarter of 2018 as a result of unfavorable price/mix and declines in sales volume. Total company sales volume was 679,000 tons during the third quarter of 2019 down from 754,000 tons during the third quarter of 2018, due to continued lower demand for graphic paper along with increased graphic paper imports, partially offset by an increase in sales volume of specialty papers, packaging papers and market pulp. Operating income was $28 million for the three months ended September 30, 2019, a decrease of $52 million when compared to operating income of $80 million for the three months ended September 30, 2018.
Berry Global Group, Inc. announced its collaboration with global chemical industry leader, SABIC in driving the innovation and use of polyolefin resins made from chemical recycling. The companies boast a longtime partnership and focus on their shared values of sustainability and promotion of a circular economy. Earlier this year, Berry announced its sustainability strategy Impact 2025, and has pledged to design 100 percent of its packaging to be reusable, recyclable, or compostable by 2025. As part of this commitment and in support of circular economy, Berry is always advancing to utilize new and innovative methods to create more environmentally sustainable packaging. Included in the Company’s efforts is the collaboration with trusted suppliers to aid in the advancement of the packaging industry as a whole. SABIC announced at the end of 2018 its intended project to build a semi-commercial unit in the Netherlands to refine and upgrade valuable feedstocks produced from the recycling of low-quality, mixed plastic waste.
Canadian crude oil is once again moving through a pipeline nearly two weeks after the line leaked an estimated 383,000 gallons of oil in North Dakota. Calgary, Alberta-based TC Energy, formerly known as TransCanada, said in a statement that the Keystone pipeline "returned to service" Sunday after approval of a repair and restart plan by the U.S. Pipeline and Hazardous Materials Safety Administration.