International technology Group ANDRITZ has successfully started up the PrimeLineCOMPACT VI tissue production line – including stock preparation and automation system – delivered to Bashundhara Paper Mills Limited in Bangladesh, India. The ANDRITZ tissue machine – with a design speed of 2,100 m/min and a paper width of 2.85 m – produces tissue for high-quality facial wipes, toilet paper, and napkins. The 16 ft. PrimeDry Steel Yankee is made entirely of steel, thus enabling high and efficient drying performance, and was manufactured at the ANDRITZ Steel Yankee Business Center in Foshan, China, which offers customers in Asia state-of-the-art manufacturing, local field service, and comprehensive quality management. For ANDRITZ, it is the first high-speed tissue machine to be installed in Bangladesh. Click read more below for additional detail.
Brent crude oil rose on Monday after producer club OPEC and some non-affiliated suppliers last Friday agreed to a supply cut from January. Despite this, the outlook for next year remains muted on the back of an economic slowdown. "Our key conclusion is that oil prices will be well supported around the $70 per barrel level for 2019," analysts at Bernstein Energy said on Monday. Despite the cuts, that was still a price forecast reduction of $6 per barrel as Bernstein lowered its crude oil demand forecast from 1.5 million bpd previously to 1.3 million bpd for 2019. Click read more below for additional detail.
Over the past five years, the Keep Me Posted campaign has been working hard to retain people’s right to receive paper bills at no extra cost. Now, with 12 countries running the campaign and a number of successes under its belt, it’s spreading its message worldwide. From September 16 this year, BT altered its policy on customer billing. There was no big fanfare, not much in the papers, and certainly nothing on TV. They stated that if any of their customers wanted to receive their bills on paper, they would have to pay the utility giant £3 for each one. That’s £3 for printing a few sheets of A4, putting them in an envelope and putting it in the post. In anyone’s view, £3 for a paper bill (on top of the bill itself) is a lot of money. But for the elderly, the poor, the disabled, those without access to the internet, or simply those that feel they shouldn’t be penalised for wanting to receive their bills on paper, it’s at best unfair, at worst financially dangerous. Click read more below for additional detail.
UPM plans to invest EUR 2 billion in a new mill to be located near the city of Paso de los Toros in central Uruguay. The new mill would have capacity to produce about 2 million tonnes of eucalyptus pulp annually. A year ago UPM and the government of Uruguay signed an investment agreement which outlines the local prerequisites for a potential pulp mill. The agreement details the roles, commitments and timeline for both parties as well as the relevant items to be agreed prior to the final investment decision. Currently UPM is carrying out technical studies and applying for the necessary permits. “A pulp mill investment of this scale requires efficient logistics to enable secure wood supply and pulp deliveries from the inland mill to the port of Montevideo. This will require the construction of a modern railway to the port and a modern pulp terminal as well as development of the road network,” says Petri Hakanen, Senior Vice President of the UPM Uruguay Development Project. Click read more below for additional detail.
UPM increases the IFRS fair value of its forest assets in Finland, mainly due to higher forest growth estimates. In addition, the company adjusts its long-term wood price estimates slightly. The impact of these changes on the fair value of forest assets is approximately EUR 320 million and will be reported as an item affecting comparability in Q4 2018 under Other operations. The updated forest growth model indicates higher forest growth volumes that are explained mainly by sustainable forest management. "UPM's own forests are strategic source for UPM's wood supply. Active, timely and sustainable forest management combined with high quality seedling material have increased UPM's own forests' growth significantly over the years. Increasing forest growth and carbon sequestration enable higher sustainable harvesting volumes from UPM's own forests now and in the future," says Sauli Brander, Senior Vice President, Wood Sourcing and Forestry Northern Europe. Click read more below for additional detail.
Vibrant, yet mellow PANTONE 16-1546 Living Coral embraces us with warmth and nourishment to provide comfort and buoyancy in our continually shifting environment. In reaction to the onslaught of digital technology and social media increasingly embedding into daily life, we are seeking authentic and immersive experiences that enable connection and intimacy. Sociable and spirited, the engaging nature of PANTONE 16-1546 Living Coral welcomes and encourages lighthearted activity. Symbolizing our innate need for optimism and joyful pursuits, PANTONE 16-1546 Living Coral embodies our desire for playful expression. Representing the fusion of modern life, PANTONE Living Coral is a nurturing color that appears in our natural surroundings and at the same time, displays a lively presence within social media. Click read more below for additional detail.
Dear Industry Member: Thanks to those who have taken action. Via our email@example.com address, we’ve observed dozens of executives contacting their legislators requesting communications to Congressional leadership that no retroactive remote sales tax collection and an orderly phase-in both be added to must-pass legislation in the lame duck. Yes, we’ve been sounding the alarm bells for several weeks now, but here’s the problem: The Speaker’s office tells us they have not received enough input from House members that they view this as an essential step prior to this Congress adjourning and a new Congress being seated. If we are to get an orderly phase in, hundreds of companies must take action on this matter. So please spread the word and be sure every member of Congress in all districts in which you have a presence hear from you and your colleagues. If this is to happen, an overwhelming industry outreach is required. Details on what to say and how to find your representative are found here. Time is of the essence. Congress does not care that many companies are totally consumed with servicing holiday orders. Only widespread outreach now will make a difference. Please reach out to Congress today. Happy to help or address questions. Thank you. Sincerely, Hamilton Davison
Ahlstrom-Munksjö has for the past years cooperated to develop a recyclable textile material made from locally sourced wood fiber. The goal of the Establishing locally grown textiles in Sweden (ENTIS) project has been to establish conditions for a more sustainable textile industry through a series of innovative cross-industry solutions. Textiles made from wood fiber already exist, but what made this project unique was that it also assessed the possibility of recycling the material and challenged existing production and recycling technologies to achieve a circular flow. The new textile that was developed can be used in the textile, interior design and furniture industries. Click read more below for additional detail.
National Average Price for Regular Unleaded – Current: $2.436; Month Ago: $2.735; Year Ago: $2.474. National Average Price for Diesel – Current: $3.123; Month Ago: $3.263; Year Ago: $2.839.
American Dollar to Canadian Dollar = 0.746612; American Dollar to Chinese Yuan = 0.145332; American Dollar to Euro = 1.136872; American Dollar to Japanese Yen = 0.008862; American Dollar to Mexican Peso = 0.049026.