Berry Global Group, Inc. is collaborating with snack and treats leader Mars, Incorporated to launch its popular pantry-sized treats in polyethylene terephthalate (PET) jars that have been optimized to be lighter weight and include 15% post-consumer resin (PCR). With the shared mission of creating more sustainable packaging solutions, Berry and Mars will launch the new jars for the M&M’S®, SKITTLES®, and STARBURST® brands later this month. The easy-grip square jars are produced at Berry’s manufacturing facility, using a single-pellet, food-grade resin to assure a clean, consistent substrate sourced from mechanical recycling. With a history of results in light-weighting, Berry approached Mars with the new concept including PCR. Berry brought its problem-solving and technical expertise to the table to help Mars make progress toward their sustainability goals. In addition to the inclusion of PCR, the jar is also widely recyclable.
UPM has set a target to increase the amount of deadwood in its commercial forests from the current level of about five cubic metres per hectare to ten cubic metres per hectare. In UPM's protected areas and commercial forests where a specific nature management target has been set, the deadwood target is 20 cubic metres per hectare. The new targets are part of UPM Forest Action, the UPM Forest Responsibility programme. In 2018, UPM set itself the target of increasing biodiversity in its forests in Finland while efficiently producing high-quality wood raw material. Biodiversity is measured by comparing natural forests with commercial forests. Studies have shown that one clear difference between these two types of forests is the amount of deadwood. UPM's success in increasing biodiversity is measured not only by the amount of deadwood, but also by other indicators such as the amount of broadleaved trees and the number of protected areas.
Last month, a federal appellate panel revived claims that ad-tech company NaviStone violated a Pennsylvania wiretap law by allegedly tracking users who visited online retail sites. Since then, at least 10 new lawsuits with similar allegations have been filed against other web companies -- including online pet store Chewy.com, travel service Expedia, and real estate company Zillow.com -- NaviStone's lawyers said in papers filed Friday with the 3rd Circuit Court of Appeals. In a letter filed Friday with the appellate court, NaviStone's lawyers write that the new cases “illustrate that the panel’s decision effectively renders any company with a website accessible in Pennsylvania” subject to a lawsuit alleging violations of the state's wiretap law. NaviStone is calling attention to the new cases to bolster its request that the 3rd Circuit reconsider its recent ruling.
Sonoco ThermoSafe and United Cargo are pleased to announce a global lease agreement for the new Pegasus ULD® temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders access to Pegasus ULD® containers directly from United Cargo. Sonoco ThermoSafe’s Pegasus ULD® is the world’s first FAA and EASA-approved passive bulk temperature-controlled ULD container for pharmaceutical use, which enables it to speed through international air freight handling and customs processes at the lowest possible cost. With a focus on sustainability, the Pegasus ULD® is engineered with composite materials, offering a lighter solution that is also substantially more damage-resistant than traditional metal containers. Additionally, the Pegasus ULD® contains a fully integrated, FAA-approved telemetry system providing real-time, cloud-based data on payload and ambient temperature and key environmental factors, precisely synchronized with GPS location.
Total European shipments of graphic papers for July 2022 were down 12.0% vs. July 2021 and were down 10.5% year-to-date. Total European shipments of newsprint for July 2022 were down 11.0% vs. July 2021 and were down 7.4% year-to-date. Total European shipments of sc-magazine for July 2022 were down 27.5% vs. July 2021 and were down 13.6% year-to-date. Total European shipments of coated mechanical reels for July 2022 were down 14.8% vs. July 2021 and were down 20.2% year-to-date. Total European shipments of uncoated mechanical (improved & others) for July 2022 were down 19.7% vs. July 2021 and were down 13.3% year-to-date. Total European shipments of coated woodfree for July 2022 were down 5.7% vs. July 2021 and were down 0.3% year-to-date. Total European shipments of uncoated woodfree for July 2022 were down 5.8% vs. July 2021 and were down 11.0% year-to-date.
Modernisation of the power plant boiler at Sappi’ s production site in Gratkorn, Austria, is finally completed. As of now, more sustainable fuels will be used instead of coal to power the paper machines at the company’s largest mill in Europe. During a transitional phase, the new state-of-the-art boiler will run on natural gas and biomass. In the future, predominantly biomass will be used. “Our ultimate goal is to use only sustainable and renewable fuels. This will make us more independent in the future, especially in times of gas shortages and uncertainty on the energy market,” explains Sappi Gratkorn Managing Director Max Oberhumer. By entirely phasing out coal, the Gratkorn plant is making an important contribution to climate protection and reducing its greenhouse gas emissions by roughly 30 per cent. The project is a top priority on Sappi Europe’s sustainability agenda. The 35 million euro investment represents a clear commitment to the Gratkorn site and shows that climate and environmental protection are deemed pivotal in the paper industry. More information on the shift from coal to renewable resources at Sappi’s Gratkorn mill is available at: www.sappi.com/co-creating-a-shift-from-coal-to-renewables-at-gratkorn-mill
UK paper making has been dealt a further blow after Arjowiggins Group’s UK operations – including the historic mills at Stoneywood and Chartham – were placed into administration after the business became unsustainable in the face of spiralling costs for energy and raw materials. Administrators Blair Nimmo and Alistair McAlinden from Interpath Advisory were appointed joint administrators at ten Arjowiggins Group UK subsidiary companies on the afternoon of 22 September 2022. An MBO team acquired the business and assets of the Arjowiggins Fine Papers and Arjowiggins Chartham businesses in September 2019, just a few months before the Covid-19 pandemic struck. The deal came about after a complex saga involving the insolvency of its former French parent group and was supported by Scottish Enterprise, which provided £7m of funding. The Stoneywood mill has been making paper since 1770 and specialises in fine papers, while Chartham has been in operation since 1738 and makes translucent papers. Stoneywood’s brands for graphics and packaging include Conqueror, Curious Collection, Keaykolour and Delos. It had also diversified into making casting papers, security papers and smart papers for printed electronics.
The Fedrigoni Group and Mohawk Fine Papers, Inc. have entered into a manufacturing agreement to expand the reach of their specialty papers globally. Shared core values of craftsmanship, innovation, and sustainability make this a natural and valuable opportunity for both organizations. The Fedrigoni Group is the first global player in the manufacture of high added value specialty papers for luxury packaging and other creative applications and world leader in premium labels and self-adhesive materials. Mohawk, founded in 1931, is family owned and operated, manufacturing some of the world's most recognized specialty papers for designers, consumer brands, and printers. Mohawk's early innovation in digital printing and sustainability secured its leadership position in these two significant growth sectors. “The agreement with Mohawk is a further element in our growth strategy in a market with excellent prospects such as specialty papers, especially for luxury packaging, where we intend to consolidate our global primacy. Many synergistic opportunities are also present for our selfadhesive materials division, which will expand its leading position in premium labels for the wine market in the US", comments Marco Nespolo, CEO of Fedrigoni Group. "This is an important step forward to reinforce our geographical penetration in the United States, where we will directly produce and distribute high value-added papers, leveraging all possible industrial and commercial synergies with our Group. We will also better support the ESG strategies of our clients, especially those in the luxury sector by giving them the option of moving to near shoring rather than global purchasing”.
Pixelle Specialty Solutions LLC has announced the mill located in Jay, ME will close in the first quarter of 2023. The mill employs approximately 230 people who will be affected by the closure. The mill produces specialty label and release papers, as well as industrial and packaging solutions for eCommerce and food service. Its two paper machines have a capacity of 230,000 tons annually. The mill has endured significant business and financial challenges that were compounded by the April 2020 rupture of one of its pulp digesters and catastrophic damage impacting the continued operability of the entire pulp mill. No one was injured in the event, and the mill subsequently transitioned into higher margin specialty products and invested capital to increase operational efficiencies while operating on purchased pulp. The company intends to work with its customers where possible to transition their products to other Pixelle mills or to plan for volumes of orders in the limited production leading up to mill closure.
Canfor Corporation is announcing a temporary reduction in production in British Columbia (BC) due to challenging market conditions. The production capacity will be reduced through a two-week curtailment beginning September 26, 2022 at the majority of solid wood facilities in BC and will be followed by the resumption of reduced operating schedules until the end of 2022. This is expected to result in a reduction of approximately 200 million board feet of production capacity. “We are temporarily curtailing production in BC due to reduced market demand. We will leverage our global operating platform to prioritize the requirements of our customers,” said Don Kayne, President and CEO, Canfor. To limit the impact on employees, they will have the opportunity to work during the downtime to complete maintenance projects and other site activities.
First quarter consolidated operating results were adversely impacted by global volume softness that accelerated in the final weeks of the quarter due to weakening economic conditions. In addition, results were negatively affected by service challenges at FedEx Express. Yield improvements, including fuel surcharge increases, more than offset the decline in volume, resulting in an increase in revenue for the quarter. In response, the company implemented cost actions and continued its focus on yield management and revenue quality to mitigate the effect of volume declines. However, the impact of cost actions lagged volume declines and operating expenses remained high relative to demand. FedEx Express operating income declined 69% due to an 11% year-over-year reduction in global package and freight volume. The impact of cost actions lagged volume declines and operating expenses remained high relative to demand. These factors were partially offset by yield management actions, including higher fuel surcharges.
As part of its fast-growing distribution client business, Simon & Schuster has opened a new distribution facility in Jackson, Tennessee. Simon & Schuster is already operating in 400,000 square feet of the facility, in what will eventually be a one million square foot distribution center by the end of the year. New distribution client Callisto Media, the prolific global publisher of best-selling titles focused on lifestyle, cooking, and children’s books, is set to be one of the first publishers shipped from the Jackson warehouse. The distribution agreement with Callisto Media is effective March 1, 2023. The company will continue to ship from its Riverside and Milan Distribution Centers.
The United States Postal Service reported new delivery performance metrics for the eleventh week of the fiscal fourth quarter. The data shows continued strong performance for First-Class Mail, Marketing Mail, and Periodicals. During the reporting period, the Postal Service averaged 2.5 days to deliver a mailpiece or package across the postal network. FY2022 fourth quarter service performance scores covering July 1 through Sept. 16 included: *First-Class Mail: 93.2 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94.6 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 87.1 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter.
In a keynote video address this week to partnership groups composed of Postal Service leaders and the nation’s commercial mailers, USPS Postmaster General and CEO Louis DeJoy said the Postal Service is a different organization now than when he arrived more than two years ago. “Together, we have now started to change the direction of the Postal Service. We are a better organization in a better financial position than we were just one year ago. And we have achieved this exciting momentum during the pandemic. The ball is now in our court to effect the operating and marketing strategies we need to accomplish this transformation,” DeJoy said in his video remarks to over 90 Postal Customer Councils (PCCs) participating in National PCC Week.
The Association of American Publishers (AAP) released the StatShot Annual report covering the calendar year 2021, estimating that the U.S. book publishing industry generated $29.33 billion industry-wide during the year, the highest number ever reported by StatShot Annual. The number reflects a $3.23 billion increase, or 12.3%, as compared to 2020 revenues of $26.1 billion. “The industry was firing on all cylinders in 2021, delivering benefits up and down the value chain for literature, scholarship, and educational materials,” commented Maria A. Pallante, President and CEO, Association of American Publishers. “At the end of the day, we know that books are immeasurable and timeless as they make their way in the world. Nevertheless, in an economy that is overcrowded with entertainment options, it is thrilling and gratifying to see such resounding affirmation for reading.”
Sixteen of the 50 titles on the longlist for the 2022 National Book Award are published by Penguin Random House US imprints: Five of the ten books longlisted in the Nonfiction category, and four in the Fiction category. So the publishing group has excellent chances at the NBA awards presentation on November 16. The NBA has been presented since 1950 and is regarded as one of the most important book prizes in the U.S. A total of 16 authors on the Penguin Random House US roster have hopes of winning a National Book Award (NBA) this year. One of the foremost book prizes in the U.S. - and hence in the entire English-speaking world - the prestigious award has been presented since 1950, currently in five categories, each with ten nominations for the longlist. The NBAs are administered by the non-profit National Book Foundation. Penguin Random House has especially good chances this time in the important “Nonfiction” category. Here, Bertelsmann’s publishing houses account for fully half of the nominated titles: five out of ten. In the top category, “Fiction,” the U.S. publishing group scored four of the ten slots on the longlist. This is the first time in several years that the publishing group has been represented in all five categories.
Parade magazine, the supplement that has for 80 years run in newspapers nationwide, will publish its last print edition on November 6. The family oriented magazine will now appear in digital editions only. The news comes just months after The Arena Group acquired Parade’s parent, AMG/Parade, for $16.3 million. The Arena Group announced the shift to digital in an email to newspapers that carry Parade.
Canada will soon see nine daily newspapers stop printing editions on Mondays. The publications are The Vancouver Sun, The Province, Calgary Herald, Calgary Sun, Edmonton Journal, Edmonton Sun, Ottawa Citizen, Ottawa Sun and Montreal Gazette, publisher Postmedia Network Inc. announced last week. That leaves the Toronto Star, Toronto Sun, Winnipeg Sun, Journal de Montréal and Journal de Québec as the only dailies in Canada that publish print editions seven days a week, the Globe And Mail reports, media analyst Steve Faguy.
As has been well documented, the pandemic had many unexpected consequences over the past few years, not the least of which was a boom in trade book sales in both 2020 and 2021. But while the trade segment fared well in 2020, the other major publishing segments did not, and total industry sales had only a 0.2% gain that year over 2019. In 2021, trade sales jumped again, but so did sales in the other segments, resulting in a 12.3% increase in total sales, to $29.33 billion, according to the Association of American Publishers’ final statistics for the year. The final figure marks a major improvement over numbers from the previous four years, when sales ranged between $25 billion and $26 billion. In 2021, sales in all segments except professional books topped their 2019 numbers, which have become a measuring stick many companies use given the volatility of the past two years.
The Norwegian Forest Certification System has been submitted to PEFC for assessment. The public consultation, which is your chance to give your feedback on this revised system, will run from 26 September to 24 November 2022. PEFC Norway revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard.
The Belgian Forest Certification System has been submitted to PEFC for assessment. The public consultation, which is your chance to give your feedback on this revised system, will run from 3 October to 1 December 2022. PEFC Belgium revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. Please note that the system revision and standard only apply to the Walloon region of Belgium.
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 2.8% in August after decreasing 1.5% in July. In August, the index equaled 119 (2015=100) versus 115.8 in July. “Tonnage snapped back in August after a weaker than expected July,” said ATA Chief Economist Bob Costello. “With the economy in transition to slower growth and changing consumer patterns, we may see more volatility in the months ahead. But the good news is that we continue to witness areas of freight growth in consumer spending and manufacturing, which is helping to offset the weakness in new home construction.”
Amcor Rigid Packaging (ARP) introduces the DairySeal™ line of packaging that features ClearCor™, an advanced polyethylene terephthalate (PET) barrier. With the introduction of DairySeal, the exploding nutritional, dairy alternatives, and ready-to-drink (RTD) market will now have a more sustainable packaging option that can be leveraged across all retail channels. The ClearCor PET barrier technology is a concentrated capsulation in the center of the preform that allows more flexibility and resin options. This technology positively impacts the overall performance of the barrier in the packaging and maintains recyclability. The DairySeal line of packaging can be made with up to 80 percent of recyclable material while maintaining superior taste and performance for the brand.
The Company’s revenues for the second quarter ended August 31, 2022 were $111.2 million compared to $100.5 million for the same quarter last year, an increase of $10.7 million, or 10.6%. Gross profit margin was $35.2 million, or 31.7%, as compared to $28.9 million, or 28.8%, for the same quarter last year. Net earnings for the quarter were $12.2 million, or $0.47 per diluted share, as compared to $7.5 million, or $0.29 per diluted share, for the same quarter last year. The Company’s revenues for the six-month period ended August 31, 2022 were $218.9 million compared to $197.4 million for the same period last year, an increase of $21.5 million or 10.9%. Gross profit margin was $69.2 million, or 31.6%, as compared to $58.1 million, or 29.4% for the six-month periods ended August 31, 2022 and August 31, 2021, respectively. Net earnings for the six-month period ended August 31, 2022 were $23.8 million, or $0.92 per diluted share compared to $14.8 million, or $0.57 per diluted share for the same period last year.
Koehler Paper is presenting Koehler NexPure® Wrap, a sustainable, lightweight packaging paper for fast-food products, to the public for the first time at the FachPack trade fair in Nuremberg, Germany, from September 27 to 29. The new paper, designed for burger and wrap packaging, has a grammage of 29.5 and uses natural raw materials for the barrier function. Koehler NexPure® Wrap is a sustainable fast-food packaging that is entirely free from fluorinated chemical coatings while offering the same properties. The product exclusively uses pulp from certified sustainable forestry and controlled sources as its primary fiber. Koehler NexPure® Wrap is the perfect addition to Koehler’s ‘Seal & Wrap’ campaign and, with its excellent grease barrier and adapted water vapor barrier, it is a fantastic alternative to solutions that are not fully recyclable, which are currently still in widespread use in fast-food system catering. Koehler NexPure® Wrap is primarily used in packaging for burgers, sandwiches, and wraps.
Mondi, a global leader in sustainable packaging and paper, has helped Austrian food company Handl Tyrol to wrap their bacon in an eye-catching solution that will contribute to a circular economy by keeping materials in circulation. The mono-material polypropylene (PP) film is recyclable in existing recycling streams for mixed polyolefins and keeps the bacon fresh, providing a ‘second skin’ that seals securely with both a high-barrier top and bottom film. The packaging has been designed to look like a wooden chopping board, providing instant on-shelf appeal and brand recognition. Working closely with Handl Tyrol, Mondi employed its collaborative EcoSolutions approach to ensure the packaging is best for the manufacturer, product, end user and environment. The mono-material PP packaging was also shortlisted for the Green Packaging Star Award 2022.
The recyclable and fiber-based wood foam Fibrease™ by Stora Enso can replace e.g. polymer-based foams in packaging solutions. A partnership with Nefab has made it possible to scale up the production and broadly introduce Fibrease to the market, and it’s already being used by customers. We are all familiar with the polyurethane (PU) foam used for cushioning in packaging. It performs well when it comes to protecting products. It’s made of fossil raw materials and used frequently within a variety of industries worldwide. Now, after a successful collaboration between Stora Enso and Nefab, the fiber-based material Fibrease is ready to broadly replace polymer foams; offering brand owners sustainable packaging solutions. “We see a growing demand from eco-conscious companies to replace plastic-based foams with more sustainable alternatives. With Fibrease we can give them that,” says Johan Tegell, Product Manager, Fiber-based solutions at Nefab.
The label manufacturer UPM Raflatac and the industrial labeling and identification solutions provider Logopak have agreed on a collaboration, which provides their customers the first robust linerless solution in print and apply labeling. With linerless labeling, omitting the label liner significantly increases the running length and capacity of the label rolls, saves costs, and benefits the environment by reducing the CO2 footprint in production and logistics. As a first step the collaboration will improve especially the automatic labeling of secondary packaging. The benefits of the collaboration for customers are realized through the excellent compatibility between Logopak’s linerless labeling technology and UPM Raflatac’s Linerless Opticut™ label material. Logopak has tested the functionality of the linerless printing with more than one million cuts with UPM Raflatac’s OptiCut material without any significant pollution or major abrasion of the cutter. This remarkable result is proof that together Logopak and UPM Raflatac can provide a labeling solution that takes automatic linerless labeling to unprecedented level of speed, accuracy and reliability tackling the challenges linerless labeling has conventionally faced.
WestRock Company has acquired an HP PageWide T1190 Press to complement and expand its portfolio of unmatched corrugated printing capabilities, increase value and enable customers to win in the marketplace. Vertically integrated from paper manufacturing to printing to converting, WestRock offers customers a single source solution for high impact graphics, retail cases and displays on demand. The 110-inch wide inkjet digital press is capable of running at 1,000 ft/min and will enhance existing offset litho, flexo preprint, flexo direct print and sheet-fed digital printing used within the Company’s global network of corrugated box plants and specialty facilities.
Metsä Board, part of Metsä Group, announced in May 2022 that it will explore possibilities to increase folding boxboard capacity in Finland or Sweden in order to support its customers’ growth and to strengthen its service capability. As result of the study, the company will start pre-engineering for a new folding boxboard mill with an annual capacity of approximately 800,000 tonnes at the Kaskinen mill site in Finland. The pre-engineering phase will include technical design, design of infrastructure and logistics solutions and tendering for the main equipment. As part of the pre-engineering, an environmental impact assessment and an environmental permit process will be launched. The company estimates that a possible investment decision could be made in 2024 at the earliest. The pre-engineering for the new folding boxboard mill is based on fossil-free production and world-class resource and production efficiency. Thanks to the best available technology, the consumption of raw materials, energy and water per tonne of folding boxboard produced would be significantly lower when compared with the existing mills. The product concept would benefit from Metsä Board's long-term development work in the production of premium lightweight paperboards.
Stora Enso has signed an agreement to divest its Nymölla paper production site in Sweden, and all related assets to Sylvamo, a US-based global producer of uncoated paper. The enterprise value is EUR 150 million. Closing is expected in the beginning of 2023, subject to regulatory approvals. The Nymölla site’s capacity is 485,000 metric tonnes of woodfree uncoated office papers, with Multicopy as the leading paper brand. Based on the 2021 figures, the divestment is expected to reduce Stora Enso’s annual sales by approximately EUR 290 million. Stora Enso will, at closing, book a one-time disposal loss of approximately EUR 20 million in its IFRS operating profit, as an item affecting comparability, subject to closing date adjustments.
UPM Raflatac has completed the acquisition of AMC AG (Advanced Methods of Coating). The acquisition announced in May 2022 was closed on 15 September 2022 after regulatory clearances. AMC AG employs more than 300 people and has two production sites in Northern Germany, in Kaltenkirchen and in Hagenow. UPM Raflatac expects to realize significant synergies through the acquisition. By joining forces with AMC AG UPM Raflatac will accelerate its growth and expand its product portfolio. New product areas include Viscom/Graphics materials which are currently sold under the Intercoat brand, and removable self-adhesive stationary products under the brand names Global Notes and Print Inform. Furthermore, the transaction will strengthen UPM Raflatac’s position in Central Europe.
New figures published by YouGov Profiles show that UK and US magazine audiences still prefer reading their favourite publications in print. Out of the total 166,000 people polled (111,000 in the UK, 55,000 in the US), only 18% of UK respondents said that they got more enjoyment from reading magazines online vs print, and only 29% in the US. These figures contrast starkly with news consumption habits, where the preference is now for reading online. In the UK, 54% said that they prefer to consume news content online versus in newspapers, with that figure rising to 60% in the US.
The United States Postal Service reported new delivery performance metrics for the tenth week of the fiscal fourth quarter. During the reporting period, the average time for the Postal Service to deliver a mailpiece or package across the postal network was just 2.5 days. FY2022 fourth quarter service performance scores covering July 1 through Sept. 9 included: *First-Class Mail: 93.2 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94.6 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 87.0 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter.
At an event here to celebrate the new Holiday Elves stamps, with Santa, Mrs. Claus, reindeer and the Santa Claus House (on St. Nicholas Drive!) as the backdrop, the Postal Service announced that letters for the 110-year-old USPS Operation Santa program can be sent beginning today — six weeks earlier than previous years. The holiday season is here! “USPS Operation Santa allows generous customers to grant the holiday wishes of children and families in need. The program is now accepting wish lists for this year’s program,” said Michael Elston, the Secretary of the U.S. Postal Service Board of Governors, who served as the dedicating official for the stamp event. “We know this is earlier than usual, but we’re pretty excited to get the season started and we know kids around the country are eager to write to Santa, using these stamps on the envelopes.”
July bookstore sales fell 3.4% compared to July 2021, according to preliminary estimates from the U.S. Census Bureau. Sales we $646 million this past July, compared to $668 million a year ago. It was the second straight month bookstore sales declined compared to 2021, after a steady string of monthly increases, and could reflect a new normal in the bookstore sales pattern, as comparisons to 2021 now reflect a period when many stores had reopened after lockdowns. In June, sales were down 8.2%. Despite the two-month sales skid, bookstore sales were still up 10.3% in the first seven months of 2022 over 2021, with sales rising to $4.54 billion from $4.11 billion in the comparable period in 2021. For the entire retail segment July sales rose 8.5% and sales increased 10.2% in the year-to-date.
Forest certification is a powerful tool to combat illegal logging and to promote sustainable forest management and responsible timber trade. PEFC is calling for collaborators and donors to further develop the PEFC FOR-TRADE programme to drive ASEAN integration and development of regional value chains in forest related industries. The PEFC FOR-TRADE programme supports sustainable forest trade in the Lower Mekong and ASEAN region through certification programmes aimed at advancing nationally owned standards in sustainable forest management and chain of custody. PEFC Southeast Asia has collaborated with a range of partners in the region. More recently for example, we have been a key partner in a UN-REDD Initiative funded by NORAD, implementing a series of interventions to support Sustainable Forest Trade in the Lower Mekong Region.
Amcor announced a further strategic investment of up to $45 million in ePac Flexible Packaging (“ePac”), a leader in high quality, short run length digitally-based flexible packaging. The investment will increase Amcor’s minority shareholding in ePac Holdings LLC. Amcor’s Executive Vice President of Strategy and Development, Ian Wilson, said, “This additional investment reflects our confidence in ePac’s entrepreneurial team and their proven ability to rapidly scale in the high growth, often higher value short run segment. Since our initial investment last year, we have been deeply impressed with ePac’s focused and innovative business model centered around deploying a very high level of digitalization and customization. ePac’s proven digital technologies enable the delivery of exceptional service levels and significantly reduced lead times. These specializations are designed to meet the unique speed to market and service needs of locally based small to medium customers, skill sets that are highly transferable to areas of Amcor’s core business.
Midland invites you to PRINTING United Expo with a FREE Expo Pass. Use our Code: 240851 and visit our Booth #N1510. Visit our booth to chat with Specialty Media product specialists and see Midland’s newest products. Discover what’s next for your organization – infinite opportunities await you! Digital Sheet Fed Media + Specialty Offset Substrates + Production Inkjet Paper + Wide Format Inkjet Media. Register Now at: https://www.compusystems.com/servlet/ar?evt_uid=480&InvitesVIP=240851
National Average Price for Regular Unleaded Current: $3.692; Month Ago: $3.949; Year Ago: $3.191. National Average Price for Diesel Current: $4.977; Month Ago: $5.021; Year Ago: $3.299.
American Dollar to Canadian Dollar = 0.752347; American Dollar to Chinese Yuan = 0.142589; American Dollar to Euro = 0.99608; American Dollar to Japanese Yen = 0.006984; American Dollar to Mexican Peso = 0.049758.
Sappi Europe is set to extend its capacity at its mill in Gratkorn, Austria, enabling the mill to also manufacture wet-strength label papers. The double-digit million-euro investment in a state-of-the-art technical infrastructure will drive expansion of the site – and establish Sappi as a leader in the label sector for the long term. • Innovation through investment: expansion of the Gratkorn mill’s technical infrastructure • Increased demand for high-quality label papers • Guaranteed production and delivery reliability
Since Patagonia’s founding in 1973, Yvon Chouinard and his family have been its owners. Now, almost 50 years later, the company is announcing that the Chouinards are transferring all ownership to two newly created entities in an effort both to cement the company’s values in its operating structure and step up its fight against the climate crisis. All voting stock (about 2% of the total) is now controlled by the Patagonia Purpose Trust, while the other 98% is under what’s called the Holdfast Collective. The goal behind the Patagonia Purpose Trust is to create a permanent legal structure to enshrine the company’s purpose and values, so that there is never deviation from Chouinard’s intent—and to make sure the company continues to demonstrate that capitalism can work for the planet. Meanwhile, the company says that all annual profits that are not reinvested back into the business—which they estimate to be about $100 million per year—will be distributed by Patagonia as a dividend to the Holdfast Collective (which is designated as a 501(c)(4) organization) to fund grassroots environmental organizations, invest in businesses, and support political candidates that all work to protect nature and biodiversity, support thriving communities, and fight the climate crisis.
Pregis® announces the expansion of its Inspyre™ product line with the new Inspyre™ Mailer, amplifying its contributions to help fight water insecurities in communities around the world. Inspyre™ packaging is a brand member of 1% for the Planet, with one percent of the product line’s sales funding Uzima, a charity that makes and distributes water filters that provide clean drinking water to people in need. The Inspyre mailer offers an efficient, lightweight, and sustainable way to ship non-fragile items and soft goods such as apparel, linens, in direct-to-consumer e-commerce applications. Made with a minimum of 30 percent recycled content, the new Inspyre poly mailer offers customers a unique packaging solution that contributes to sustainability goals and positive change.
The Occasions Group, a Taylor Corporation company, is pleased to announce that it has reached an agreement to acquire the assets of Accu Copy of Greenville, Inc. Headquartered in Greenville, N.C., Accu Copy does business under the AccuLink name to deliver commercial print, direct mail and promotional marketingproducts while its AccuFlex division focuses on the production of flexible packaging products. The acquisition of both AccuLink and AccuFlex expands Taylor’s reach and offers immediate growth opportunities in multiple core categories. "AccuLink is an ideal fit for The Occasions Group. It complements our business model perfectly and strengthens our capabilities for our distributor and reseller partners," says Nate Mullikin, enterprise leader at Taylor. "Like us, AccuLink has invested heavily in the digital print space. They operate one of North Carolina’s leading white-label e-commerce fulfillment facilities as well as a wide range of binding, finishing and direct mail services in-house, something we believe to be a long-term growth area."
Stora Enso has signed an agreement to divest its Maxau paper production site in Germany, and all related assets to Schwarz Produktion, part of Schwarz Group, one of the top retailers in the world. The enterprise value is approximately EUR 210 million. Closing is expected in the beginning of 2023, at the latest, subject to regulatory approvals. This transaction is part of the earlier announced plan to divest four of Stora Enso’s five paper production sites. In line with its strategy, Stora Enso’s focus is on long-term growth potential for its renewable products in packaging, building solutions and biomaterials innovations. Schwarz Produktion is expected to assume ownership for the Maxau site in the beginning of 2023. Schwarz’s plan is to continue paper production at the site, and the 440 employees belonging to the mill organisation at Maxau will be part of the transaction. Stora Enso will continue to operate the Maxau site and serve its supercalendered paper (SC) customers until the closing of the transaction.
Huhtamaki and Stora Enso have joined forces to launch a new paper cup recycling initiative, The Cup Collective. The programme, which is the first of its kind in Europe, aims to recycle and capture the value of used paper cups on an industrial scale. Initially the programme will be implemented across the Benelux. With the aim of setting new standards for paper cup collection and recycling in Europe, The Cup Collective has issued an open invitation for partners from across the supply chain to get involved in working towards a systemic European solution. The EU has set recycling target for paper and board packaging of 85% by 2030. Paper cups are recyclable but need to be collected before they can be turned into new paper products. The Cup Collective initiative will create the necessary collection infrastructure to significantly increase the recycling rate of wood-fiber in paper cups. Above all, the programme will make it as easier for consumers and businesses to collect used paper cups to be regenerated into valuable recycled raw material.
UPM Specialty Papers presents the latest innovative additions to its extensive selection of sustainable and recyclable packaging papers. UPM Confidio™ and UPM Confidio™ Pro combine moisture-, and grease resistance with excellent heat sealing properties. This makes the materials stand out in the market and offers a concrete competitive edge. In building a future beyond fossils, UPM Specialty Papers provides the packaging industry with innovative and renewable solutions from sustainably managed forests. Known for its high expertise in technically demanding papers and cutting-edge solutions, UPM Specialty Papers adds heat sealable products to UPM’s wide packaging product portfolio. This ground-breaking feature allows for a streamlined conversion process and an accelerated time-to-market. Made from renewable fibres, UPM Confidio and UPM Confidio Pro are repulpable and designed to be recycled in regular fibre recycling streams.
Dear Industry Member: Following aggressive lobbying efforts from the ACMA, its partner organizations the Coalition for a 21st Century Postal Service and Keep Us Posted, and others with mailing interests, today Rep. Gerold Connolly (D-VA, at right) introduced the Ensuring Accurate Postal Rates Act. If passed into law, the bill will require the Postal Regulatory Commission to conduct a follow-up review of the postal rate-making process. Below is a brief timeline: • In 2020, the PRC completed its mandated 10-year review of the postal rate-making process. The review modified the rate-making process, opening the door for the USPS to increase rates beyond the CPI cap and doubling the number of rate hikes in each of the past two years. • Although completed that November, the review quickly became outdated: A section of the April 2022 USPS Fairness Act (section 102 of Public Law 117-108) canceled unpaid USPS obligations, thereby removing an essential basis for the PRC ruling. • The PRC ruling also did not adquately account for the windfall of business the USPS achieved from the Covid boom in package shipping and other improvements to its financial condition from the pandemic. • Less than a month after the PRC ruling, the CARES Act authorized up to $10 billion in funding for the U.S. Postal Service from the U.S. Treasury. We appreciate Rep. Connolly's sensitivity to the impact of extra-large rate increases on our members. The ACMA will will continue to advocate to build support for this much needed legislation, including how you can work with your own legislators to ensure this bill is passed.
WestRock Company announced an expansion of its CanCollar® family of multipack solutions with the introduction of CanCollar® X, a fiber-based solution for sustainable large format canned beverage packaging enabling as much as fifty percent material reduction compared to fully-enclosed traditional packaging. As the newest addition to the family of solutions automated by the patented CanCollar Fortuna® platform, CanCollar® X uses a similar fiber-based, glue-free minimalist design preferred by consumers to maximize can visibility, is comfortable for consumers to handle and optimizes the use of material to bundle multipacks for larger formats. “Whether it’s beer, soft drinks, or sparkling water, across the globe large multipacks of cans are packaged in shrink film,” said Chris Davidson, vice president, Sustainability at WestRock. “With CanCollar® X we have an opportunity to significantly reduce materials when compared to fully-enclosed cartons and replace hard-to-recycle plastic shrink wrap with recyclable fiber-based packaging, improving circularity at impressive scale.”
The American Trucking Associations is calling on Congress to help resolve ongoing labor negotiations in the freight rail industry should the parties fail to reach a mutual agreement when the current cooling off period expires on September 16. The trucking industry is freight rail’s largest customer, and in a letter sent to Capitol Hill today, ATA is warning of dire consequences for the U.S. supply chain if a strike were to go into effect. “Idling all 7,000 long distance daily freight trains in the U.S. would require more than 460,000 additional long-haul trucks every day, which is not possible based on equipment availability and an existing shortage of 80,000 drivers,” said ATA President and CEO Chris Spear in the letter. “As such, any rail service disruption will create havoc in the supply chain and fuel inflationary pressures across the board.” The letter urges Congress to help implement a contract patterned on the recommendations outlined by the Presidential Emergency Board and cautions against merely extending the negotiation timeline further, which would push a potential strike deeper into the holiday season when the supply chain is already under added pressure.
Larry Martin is the plant director for Quad’s print-production plant in The Rock. As plant director, Martin oversees all plant and employee operations, strategy development, growth-planning initiatives, and more. He is a Georgia native and was named plant director at The Rock in March 2021. Martin’s career in printing began at Quad 28 years ago. He has worked in management for the last 18 years, and prior to being promoted to plant director, served as the plant’s finishing operations manager for 10.5 years. Martin credits much of his success to his cousin Trent Jones, who served as a mentor to Martin throughout his upbringing and worked 32 years as a saddle stitch operator at Quad. Finishing is one of Quad’s largest departments, with quality-assurance and exceptional customer service as top priorities. Martin says he gained immense insight on teamwork and relationship building as a leader in finishing. It provided him opportunities to interact with teams and individuals in every area of the plant, and to engage with clients from around the world, according to Quad officials.
Midland invites you to PRINTING United Expo with a FREE Expo Pass. Use our Code: 240851 and visit our Booth #N1510. Visit our booth to chat with Specialty Media product specialists and see Midland’s newest products. Discover what’s next for your organization – infinite opportunities await you! Digital Sheet Fed Media + Specialty Offset Substrates + Production Inkjet Paper + Wide Format Inkjet Media. Register Now at: https://www.compusystems.com/servlet/ar?evt_uid=480&InvitesVIP=240851
The United States Postal Service reported new delivery performance metrics for the ninth week of the fiscal fourth quarter showing the average time for the Postal Service to deliver a mailpiece or package across the postal network was consistent at just 2.4 days. As the Postal Service heads into the busy fall mailing season, service performance remains strong and steady across all mail categories. FY2022 fourth quarter service performance scores covering July 1 through Sept. 2 included: *First-Class Mail: 93.2 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94.6 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 87.0 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter.
The Postal Regulatory Commission (PRC) approved a temporary price adjustment for key package products for the 2022 peak holiday season. This temporary rate adjustment is similar to ones in past years that help cover extra handling costs to ensure a successful peak season. The temporary rates will go into effect at 12 a.m. Central on Oct. 2 and remain in place until 12 a.m. Central Jan. 22, 2023. The peak-season pricing approved by the PRC affects prices on the following commercial and retail domestic competitive parcels: Priority Mail Express (PME), Priority Mail (PM), First-Class Package Service (FCPS), Parcel Select and USPS Retail Ground. International products will be unaffected. This seasonal adjustment brings prices for the Postal Service’s commercial and retail customers in line with competitive practices. No structural changes are planned as part of this limited pricing initiative.
The White House on Thursday called for a host of new technology laws -- including ones that would restrict data collection and targeted advertising. “There should be clear limits on the ability to collect, use, transfer, and maintain our personal data, including limits on targeted advertising,” the administration stated Thursday at a meeting regarding tech platforms. “We especially need strong protections for particularly sensitive data such as geolocation and health information, including information related to reproductive health.” The Biden-Harris administration also said it was seeking an overhaul of Section 230 of the Communications Decency Act, which currently protects tech companies from a broad range of lawsuits over material posted by users.
Sonoco ThermoSafe and American Airlines Cargo are pleased to announce a global partnership lease agreement for the new Pegasus ULD® passive temperature-controlled bulk shipping container. The Sonoco ThermoSafe’s Pegasus ULD® will join the carrier’s fleet of container products in the coming months. With a focus on sustainability, the Pegasus ULD® is engineered with composite materials, offering a lighter solution that is also substantially more damage-resistant than traditional metal containers. The Pegasus is also the world’s first FAA and EASA-approved advanced passive bulk temperature-controlled ULD container for pharmaceutical use, outfitted with real-time tracking and temperature-measuring capabilities.
At Crown, we continue to prioritize initiatives that enhance sustainability and reduce greenhouse gas (GHG) emissions. This is reflected in our Twentyby30 sustainability strategy, which includes a commitment to dedicate at least half of Research & Development (R&D) efforts toward minimizing the footprint of our products and manufacturing processes. Our ambitious plan also strives to decrease GHG emissions by reducing packaging material use by making aluminum cans 10% lighter in weight by 2030 (compared to a 2019 baseline). In 2021, after several years of intensive development efforts, our R&D and Customer Technical Services (CTS) teams achieved a 4% global average reduction in our standard 12 oz. (330 ml) can weight. The CTS team, composed of expert engineers offering training and production analysis support, was pivotal in ensuring these lighter-weight cans did not sacrifice performance or the critical barrier and strength properties that brand owners’ demand. Lightweighting efforts add to metal’s superior properties in terms of recyclability and the benefits are compounded as the material circulates through the process time and time again. Weight reductions allow us to produce more cans with the same amount of aluminum used previously for standard cans, which has a positive impact on GHG emissions through energy savings.
Inteplast’s AmTopp Division has begun production on one of its two stretch film extrusion lines and will increase its current workforce by more than 37 percent in time for mid-September, when the second stretch film line goes into production. Stretch film, made from linear low-density polyethylene, is used to secure goods during their transport, allowing for palletized loads and other profile types to be stabilized, unitized, and protected from dust or other unhygienic or corrosive elements. Combined, the stretch film and pre-stretch extrusion lines are estimated to yield a monthly average of 2 million pounds in product until the startup of the second stretch film line, when it increases to 5 million pounds. Currently the plant’s pre-stretch production has averaged more than 500,000 pounds per month for the last year-and-a-half. The Remington facility is slated to produce up to 60 million pounds of film per year. AmTopp Division President Homer Hsieh said that the stretch film product offerings available at Remington now mirror the facility’s four sister plants in Lolita and Houston, TX; Charlotte, NC; and Phoenix, AZ.
HP Inc. announced the new HP PageWide Advantage 2200 series press. Designed to meet the needs of print service providers of all sizes, this revolutionary press offers industry leading productivity with quality, and media versatility for those in publishing, direct mail, and commercial print, to help grow their business. “This new PageWide Advantage platform is a game changer for the commercial print industry,” said Annette Friskopp, Global Head and General Manager at HP PageWide. “HP has listened to our customers, and we realize ease of use and up-time are critical success factors. This new press offers configurations to enable customers to optimize the press for their quality, productivity, versatility, and economics to grow their digital production businesses.”
R.R. Donnelley & Sons Company will spotlight its end-to-end, single-source paperboard packaging services at PACK EXPO (Oct. 23-26, 2022; McCormick Place; Booth W-22000). Offered to brands of all sizes and industries, the capabilities can streamline folding carton design and production, minimizing material waste, transportation, and associated costs. RRD's consultative service model encapsulates paperboard materials selection, best-fit manufacturing, enhancements, finishing, and other services like creative development and design, kitting, distribution optimization, warehouse and inventory management, and print collateral and labels. A team of RRD packaging experts identify opportunities for standardization, production, and near-site production and supply chain efficiencies. They also provide guidance on right-sizing, material reduction, component substitution, and treatment or decorative options that help brands reach their sustainability goals while connecting with their customers.
Ahlstrom-Munksjö, Metsä Fibre and 3M, with the help of Earthworm Foundation, continue their close collaboration in responsible wood sourcing. This year the partnership concentrates on the Kainuu region, Finland, where the different parties will conduct research on current forestry practices and future practices linked to Kemi Mill expansion in the area. Based on the results, the three companies will develop their operations and continue collaboration among each other and other stakeholders to pursue sustainability in wood sourcing. Metsä Fibre, the world’s largest producer of bleached softwood pulp and a globally significant manufacturer of sawn timber; Ahlstrom-Munksjö, a significant wood pulp consumer; and 3M, a global producer of paper-based products, seek to advance environmental performance and sustainability throughout their operations and supply chains. Bringing all supply chain actors together promotes responsible practices from forests to customers.
National Average Price for Regular Unleaded Current: $3.738; Month Ago: $4.033; Year Ago: $3.181. National Average Price for Diesel Current: $5.029; Month Ago: $5.120; Year Ago: $3.295.
American Dollar to Canadian Dollar = 0.767295; American Dollar to Chinese Yuan = 0.144414; American Dollar to Euro = 1.005788; American Dollar to Japanese Yen = 0.007030; American Dollar to Mexican Peso = 0.050297.
As of September 1st, Technicote, a North-American company specializing in self-adhesive solutions, is the latest addition to Beontag’s growing family of international companies. The acquisition marks Beontag’s entry to the North American market, and is another step in its global expansion and internationalization strategy initiated in 2020. Besides the United States, Beontag has operations in other countries, such as Argentina, Uruguay, France, Italy, Sweden, Finland, among others. This acquisition is more than Beontag wanting to enter a new market. It was also motivated because of the broad network of customers that Technicote has had for more than four decades and the diversity of products they offer in the segments of graphic and self-adhesive materials. Their portfolio offers a wide range of self-adhesive rolls and sheets, as well as solutions in silicone coated release liners and is a perfect fit for Beontag’s expanding international portfolio of products. Technicote will also be integrating many of those products into their North American range.
Sustainability has gone mainstream, with more people than ever before concerned about the environmental impacts of the products and services they buy and use. They understandably want to do the right things for the planet, but the explosion of greenwashing is causing consumers and businesses to use – or in the case of paper, not use – products without any basis in fact. The Oxford Dictionary defines greenwashing as “Disinformation disseminated by an organization so as to present an environmentally responsible public image.” And you don’t have to look far to understand the scope of the problem. In a recent survey conducted by The Harris Poll for Google Cloud, 72% of CEOs and C-suite leaders in North America admitted that their companies are guilty of greenwashing, even as most gave their companies an “above-average” rating for environmental sustainability. Greenwashing investigations of ESG (environmental, social, governance) investment funds are becoming commonplace. And, as reported in the Harvard Business Review, studies show that companies that tout their environmental credentials often have poor environmental compliance.
Stora Enso acquires De Jong Packaging Group, based in the Netherlands, for an enterprise value of approximately EUR 1,020 million. This acquisition will advance Stora Enso’s strategic direction, accelerate revenue growth and build market share in renewable packaging in Europe. De Jong Packaging Group is one of the largest corrugated packaging producers in the Benelux countries. Its product portfolio and geographic presence will complement and enhance Stora Enso’s offering, especially in fresh produce, e-commerce and industrial packaging. The acquisition of De Jong Packaging Group will significantly strengthen Stora Enso’s European market presence in corrugated packaging and provide an entry into the Netherlands, Belgium, Germany and the UK. With this acquisition, Stora Enso’s Packaging Solutions division will increase its corrugated packaging capacity by approximately 1,200 million m2 to more than 2,000 million m2, including De Jong Packaging Group’s ongoing expansion projects. This will secure a platform for continued growth in key markets. The European corrugated packaging market is fragmented, with local presence key for sustainable growth.
Imports at the nation’s major container ports are expected to fall below last year’s levels for the remainder of 2022. That’s according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. The report cited ongoing inflation and the Federal Reserve’s efforts to cool demand through higher interest rates. The key now is dealing with ongoing supply chain issues around the globe and with labor negotiations at West Coast ports and freight railroads.
As students return to the classroom for the new school year, Savvas Learning Company is helping educators move learning forward with engaging, easy-to-use K-12 solutions that offer data-informed instruction and adaptive technology to take personalized learning to the next level. “A one-size-fits-all instructional approach doesn’t work in a classroom where every student brings their own unique learning style. More than ever, personalized learning is critical in getting students engaged and motivated to learn and supporting academic growth,” said Bethlam Forsa, CEO of Savvas Learning Company. “Teachers know best how to personalize learning for their students. This is why Savvas delivers learning solutions that are powered by adaptive technology, enabling educators to easily tailor instruction to address each student’s learning needs, interests, and abilities.”
The Sustainable Green Printing Partnership (SGP), the leading certification authority in sustainable printing, announced today that the Center for Resource Solutions (CRS), a non-governmental organization (NGO) working with policymakers, utilities, and others around the world to improve the policy climate for renewable development, has joined the SGP community as a Resource Partner. SGP Resource Partners are non-profits, NGOs and educational institutions engaged in promoting, teaching or researching in the areas of graphic arts and/or sustainability. Resource Partners are subject matter experts that assure the entire print community is empowered to advance sustainability in the printing industry supply chain.
Highlights *Significant increase in revenues and net earnings, including organic revenue growth in all three operating sectors. *Revenues of $747.8 million for the quarter ended July 31, 2022; operating earnings of $52.1 million; and net earnings attributable to shareholders of the Corporation of $34.1 million ($0.39 per share). *Acquired ERPI (Éditions du renouveau pédagogique inc.), an educational publisher, on June 13, 2022, to pursue the growth strategy for educational products, both print and digital. *Acquired Banaplast S.A.S., a flexible packaging company based in Armenia, Colombia, on June 22, 2022, which enables the Corporation to pursue its growth strategy with an expanded offering, in particular with banana tree bags and agro-mulches. *Unveiled the 2025 Corporate Social Responsibility Plan, on June 15, 2022, which includes ambitious targets, in particular with respect to the creation of a circular economy, the reduction of greenhouse gases and diversity.
TC Transcontinental announces the retirement of Brian Reid, President of TC Transcontinental Printing, following an outstanding career of 41 years with the company. He will be leaving his position October 30 and staying on until the end of January 2023 to facilitate the transition. Effective October 31, Senior Vice Presidents Nick Cannon, Patrick Brayley and Pierre Deslongchamps will take on expanded roles, reporting to Peter Brues, President and Chief Executive Officer. “It has been a great ride, more than 40 amazing years at TC Transcontinental. I leave with confidence in the future of the Printing Sector, a solid business with long-standing customers, large and small, and a highly talented, engaged and experienced team”, said Brian Reid, President, TC Transcontinental Printing. “I am grateful to our employees who, day in and day out, through their relentless work, make a difference for TC Transcontinental and its customers. It has been a privilege to be part of such a great company during all these years, and I thank our customers, the Board of Directors and the Marcoux family for their confidence.”
Along with members of the community, provincial and federal elected representatives, staff at Meadow Lake Mechanical Pulp mill (MLMP) and Paper Excellence Canada today celebrated 30 years of the pulp mill being in operation. The mill is located just east of Meadow Lake and has been operational since 1992. MLMP was the first mill Paper Excellence Canada acquired in 2007. The mill employs over 200 full-time employees, creates approximately 1,300 direct and indirect jobs, and creates approximately $470 million in economic activity annually. MLMP produces approximately 400,000 tonnes of bleached chemi-thermal mechanical pulp (BCTMP) annually. BCTMP is used to make a variety of products from tissue and paper towel to food and board packaging.
The world’s first autonomously operated logyard cranes have been successfully lifted up at Metsä Fibre’s bioproduct mill in Kemi, Finland. Supplied by international technology group ANDRITZ, the delivery includes two 2 x 25-ton cranes on a 540 m long runway with a storage capacity of approximately 120,000 m3. The cranes will handle approximately 7.6 million m3 wood/year shipped on trucks and trains as well as handling log storage and wood feeding to the pulping process. The cranes feature the latest in Artificial Intelligence, thus optimizing log handling, minimizing wood losses and securing environmentally friendly and cost-effective operation when compared to traditional log-handling solutions. The fully autonomous logyard cranes featuring Artificial Intelligence are part of the comprehensive ANDRITZ portfolio of sustainable solutions and products that help customers reaching their goals with regard to environmental protection and sustainability
Revenue *Research was flat as reported, or up 4% at constant currency, driven by organic growth in Publishing and Solutions and contributions from recent acquisitions. - Revenue by product type reporting change – Research is now reported as Research Publishing and Research Solutions. Research Solutions includes platforms, corporate solutions and services for societies and other publishers. It replaces the Research Platforms reporting line. Please see the tables below for more detail. *Academic & Professional Learning revenue declined 5% as reported and 1% at constant currency. Education Publishing performance saw a decline in print course material offsetting growth in digital content and courseware. Professional Learning saw growth in corporate training offsetting a decline in professional publishing. *Education Services increased 7% as reported and 11% at constant currency, with very strong double-digit growth in Talent Development offsetting a decline in University Services from market-related enrollment challenges. EPS *GAAP EPS was a loss of $0.32 as compared to +$0.24 in the prior year period, primarily reflecting a $0.30/share ($22 million) restructuring charge and accelerated amortization of intangibles of $0.07/share ($5 million) related to the discontinuation of the mthreebrand.
On September 2, 2002 publishers filed the latest brief in the copyright infringement lawsuit against Internet Archive (“IA”), first filed on June 1, 2020 in the United States District Court for the Southern District of New York. The brief follows publishers’ July 7, 2022 request for summary judgement against the Internet Archive, which explained that both the law and facts of the case indisputably point to infringement and do not require a trial. The most recent filing comprehensively negates the Internet Archive’s own motion for summary judgement, which publishers believe is meritless and misleading. The plaintiffs — Hachette Book Group, HarperCollins Publishers, Penguin Random House, and Wiley — brought the lawsuit on behalf of themselves and their authors after the Internet Archive refused to halt its infringement of tens of thousands of their books.
5 years after the last edition of the fair, Drinktec will be the meeting point once again for the international beverage and liquid food industry from September 12-16, 2022, in Munich. Lecta, which has dramatically expanded its innovative and natural ranges of specialty papers for label, beverage, packaging and food service applications, will not be missing out on this event. Visitors will be able to appreciate the excellent quality and versatility of our product lines including Metalvac metallized papers, the exclusive range of Adestor self-adhesive materials, Creaset one-side coated papers and Eurokote cast-coated papers, plus Linerset, Lecta's new range of release liners. These papers have been designed in keeping with the new criteria for sustainable packaging, product design and consumer trends that, according to Drinktec, will shape the future of the beverage industry.
Huhtamaki has sold its operations in Russia to Espetina Ltd. Espetina is a holding company owned by Alexander Govor and Iury Kushnerov. The transaction includes four manufacturing units in Russia, employing 724 people. On April 14, 2022, Huhtamaki announced its intention to divest its operations in Russia. This followed an earlier decision to stop all investments in Russia at the outbreak of the invasion of Ukraine. “We consider that the current evolution of the situation and the long-term outlook in Russia will prevent the realization of our growth strategy and long-term ambitions in the country. We are pleased to bring to a close the subsequent review of our strategic options in Russia. As part of the process, we conducted extensive due diligence to find the best possible buyer and future partner for our local employees – the safety and wellbeing of whom remain important to us. We feel that Espetina will be a good and committed owner for the business and the future of our employees”, says Charles Héaulmé, President and CEO, Huhtamaki.
Berkshire Hathaway's HomeServices of America unit has extended its custom publishing and content marketing deal with Havas House, the customer media division of Republica Havas Group and Havas Creative North America Network. The extension includes a new custom magazine, Lifestyles Southern California, which launches in December and targets the "ultra affluent audience" of Southern California's luxury real estate market. With a circulation of 75,000 print editions delivered directly to select, multimillion-dollar properties (valued at $3 million to $5 million).
Amcor has announced the first batch of recipients for its ground-breaking Amcor Lift-Off seed funding initiative. Launched in April, Amcor Lift-Off targets breakthrough, state-of-the-art technologies that will further advance Amcor’s initiatives to make the future of packaging more sustainable. Following multiple pitch rounds, the winners of the initial Lift-Off program are: • Bloom Biorenewables Ltd: A chemical and biomaterials company, which converts plant waste into chemicals used in packaging; and • Nfinite Nanotechnology: An advanced materials company, which leverages smart nanocoatings to make packaging recyclable and compostable. Each company will receive investments of US $250,000 and access to Amcor’s best-in-class research and development resources.
365 days of operation and a trajectory that stands out for its excellent performance. One year after the start of activities for the first paper machine (PM) of the Puma II Project - the biggest investment in Klabin's history, which includes the construction of two paper machines with integrated pulp production -, the MP27 surpassed the mark of 330 thousand tons of Eukaliner® and Eukaliner White® produced and sold to the domestic and foreign markets, reinforcing the Company's vocation for the development of sustainable and innovative solutions in paper and paper packaging in Brazil. The machine, which has the capacity to produce 450,000 tons per year, surpassed the learning curve expected for the period. Developed and patented by Klabin, the Eukaliner® product range, produced at MP27, is the first in the world with kraftliner paper made 100% from eucalyptus fiber, which guarantees advantages such as the optimization of the forest area necessary for its production. (less resource for manufacturing the same volume of paper), in addition to properties such as a more robust structure, which allows for a reduction in the weight of corrugated cardboard packaging with increased resistance and better printing quality.
Reinvigorating a decades-old plush toy brand. In a mass-produced world where words like quality, creativity and authenticity are little more than unsubstantiated marketing-speak, Mary Meyer is the real deal. A family-owned company with a storied 85-year history of making soft and cuddly stuffed toys for gift-givers who know and appreciate quality and want to give something truly memorable that will be loved by that special someone. But the look of this storied brand needed an update to bring it forward in time, and make it more appealing to new parents and gift-giving grandparents. It was time for a refresh. That’s where J.Schmid came in. Read the Case Study at: https://www.jschmid.com/blog/portfolio/mary-meyer/
Conde Nast continues its digital pivot with the publishing giant announcing plans to shutter the print edition of its beauty tome Allure, and the December 2022 magazine will be its last. Editor-in-Chief Jessica Cruel broke the news to staffers this week along with the information that employees' roles may change, but no layoffs have been confirmed yet. "Our brand is stronger than ever across social and digital and our success is testament to our collaboration as a team and because we know just how and where our audience is accessing content in today's ever-changing landscape," wrote Cruel. "It's our mission to meet the audience where they are and with this in mind, after our December print issue, we are making Allure an exclusively digital brand."
Welcome to 2022, when even our work computers tell us we’re getting too much screen time. And while it can be harder to cut back on medium screen, people seem to be more mindful about their small-screen time—some are even using flip phones. As concern mounts over our collective tech habits and the potential damage of absorbing too much bad news—aka doomscrolling—publisher Penguin Random House saw an opportunity to get people reading with its new campaign, “Slow Down, Read a Book.” “I think reading is positioned to help people escape and help people think more deeply, and help people relax. And it’s almost a foil to social media in that way,” Carly Gorga, director of creative strategy, brand marketing at Penguin Random House, told us.
Suzano S.A. informs its shareholders and the public that, regarding the project “Partial retrofit of the pulp production plant located in Aracruz involving the replacement of parts in the recovery boiler and installation of a crystallization system”, as disclosed in the Material Fact notice dated December 19, 2019, the following is planned during its implementation phase in the fourth quarter of 2022: • Temporary downtime of the A line production for around 45 days due to interventions in the recovery boiler; • No adjustments to the Company’s original operating plan for 2022, which will ensure that clients’ needs are fully met without any changes to the commercial strategy. The project’s capital investments amount to R$298 million, of which R$188 million was already invested by July 2022, with the remaining amount considered in the capex estimate for the year disclosed by the Company on July 27, 2022.
FY2022 fourth quarter service performance scores covering July 1 through Aug. 26 included: *First-Class Mail: 93.1 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94.5 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 86.7 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter.
Fortis Solutions Group LLC announced the acquisition of Digital Dogma Corp. based in Santa Fe Springs, California. Terms of the transaction were not disclosed. Digital Dogma is a digital manufacturer of pressure sensitive labels, shrink sleeves and flexible packaging serving the food and beverage, wine and spirits, nutraceutical, health and beauty, and industrial end markets from its locations in Santa Fe Springs and Paso Robles, California. Fortis President and CEO John O. Wynne, Jr. said, "As an early adopter of digital printing technology, Digital Dogma has always been at the forefront of innovation within our industry. With this acquisition, we are excited to extend our digital printing capabilities to California and offer coast to coast solutions for our customers. I am looking forward to working with Paul Mulcahey and the Digital Dogma team as we enhance our shrink sleeve, flexible packaging and pressure sensitive offerings."
R.R. Donnelley & Sons Company supported Siemens Healthineers to accelerate the delivery of rapid COVID-19 antigen self-tests to the U.S. market during a time of dire need. RRD, a Chicago-based company with nearly two decades of experience helping medical device clients optimize their supply chain, leveraged its ISO 13485 accredited facilities and ability to scale quickly to facilitate Siemens Healthineers’ time-sensitive project. Amid the peak of the COVID-19 Omicron variant outbreak in January 2022, Siemens Healthineers stepped up to make tens of millions of tests available to the U.S. population through state, federal, and local partnership efforts. The company sought to expand its warehouse space to meet growing demand to help accommodate the massive volumes of product. Siemens Healthineers collaborated with RRD, who had the ability, experience, and flexibility to upscale with uncertain demand. “It was critical to find a supplemental supply chain and warehouse solution that could help us supply high-quality test kits that would provide accurate COVID-19 results to the U.S. population. RRD’s ability to flex and adapt to changing demand helped address some of these needs,” said Joerg Berner, Acting Head of Point of Care Diagnostics at Siemens Healthineers.
Ahlstrom-Munksjö, a global leader in fiber-based materials, has been awarded EcoVadis’ highest recognition level, Platinum, for the company’s sustainability performance. The company’s continuous efforts have now been rewarded, placing our Group among the top 1 percent of companies assessed by Eco Vadis. The rating is an improvement from Gold level rating, which we were previously rated since 2019. Our score increased especially in Environmental performance and Labour & Human rights. “During the past year we have made a significant step change in sustainability and put it as a key value driver for our growing business. We have a sharper sustainability strategy, an integrated operative model and a solid and holistic set of key performance indicators to help us monitor and evaluate our performance. We are thrilled and proud to move from the gold rating to platinum, as this gives us external validation that our ambition has been recognized and the concrete actions are already bearing fruit,” says Johan Lunabba, Vice President, Sustainability and Public Affairs.
Midland invites you to PRINTING United Expo wtih a FREE Expo Pass Use our Code: 240851 and visit our Booth #N1510. Visit our booth to chat with Specialty Media product specialists and see Midland’s newest products. Discover what’s next for your organization – infinite opportunities await you! Digital Sheet Fed Media + Specialty Offset Substrates + Production Inkjet Paper + Wide Format Inkjet Media. Register Now at: https://www.compusystems.com/servlet/ar?evt_uid=480&InvitesVIP=240851
National Average Price for Regular Unleaded Current: $3.809; Month Ago: $4.189; Year Ago: $3.183. National Average Price for Diesel Current: $5.076; Month Ago: $5.257; Year Ago: $3.289.
American Dollar to Canadian Dollar = 0.760624; American Dollar to Chinese Yuan = 0.144761; American Dollar to Euro = 0.999940; American Dollar to Japanese Yen = 0.007121; American Dollar to Mexican Peso = 0.049712.
Average student spending on college course materials declined during the 2021-2022 school year according to reports from two leading independent research firms. The most recent report from Student Watch, which is funded by the National Association of College Stores Foundation, found that student spending went from $456 during the 2020-2021 academic year to $339 for the 2021-2022, a decline of 26 percent. Similarly, independent research firm Student Monitor found that average student spending on college course materials, including textbooks and digital materials, declined 22 percent going from $405 last year to an average of $314 for the 2021-2022 academic year. “This year’s average course material spending is the lowest we’ve recorded over the past 15 years,” said Lacey Wallace, Research Analyst at the National Association of College Stores.
With a major investment of EUR 40 million in a now operational production asset, Ahlstrom-Munksjö cements its market position, upgrading its production platform in its well-established Beverage & Casing business. The advanced Voith paper machine line was installed on the Chirnside site in the Scottish Borders. This investment enables an improved product portfolio, higher quality, and significantly increased manufacturing capacity in addition to upgraded supply-chain security. The machine is now starting commercial grade production, marking a new era for the Beverage & Casing Business. To consolidate the success of the new line, the Radcliffe long fiber production facility in Scotland has also expanded to enable seamless vertical integration. “Commissioning the new paper machine allows us to serve our existing customers faster and better whilst facilitating our growth ambitions,” says Philippe Sevoz, Vice President of Beverage & Casing business. “Thanks to our Chirnside and Radcliffe team’s extensive knowledge and capabilities in Tea, Coffee and Casing we can continue to provide best-in-class innovative and sustainable products to our customers worldwide and can cement our unique position to become our customers’ supplier of choice.”
Canfor Corporation is announcing reduced operating schedules effective September 12, 2022 at its Swedish facilities due to a decrease in market demand. The reduced operating schedules will result in a 15% decrease in production capacity and are anticipated to be in effect through the fourth quarter. “Rising inflation and mortgage rates in Europe, which are expected to persist into the fall, is impacting demand for lumber and as a result we are reducing production capacity. We are committed to continuing to meet the needs of our customers,” said Don Kayne, President and CEO, Canfor. The decrease in production capacity will be achieved through reduced shifts. The Company will continue to assess and make adjustments to operating schedules based on changes in market demand.
For the second quarter, the Company reported net income of $42.0 million, or $0.34 per diluted share, compared to net income of $26.2 million, or $0.21 per diluted share, for last year's second quarter. For the second quarter, net sales were $558.7 million compared to $472.1 million in last year's second quarter. This 18.4% improvement primarily reflects a comparable sales increase of 19.5%, partially offset by 26 permanent net store closures since last year's second quarter. The 19.5% comparable sales improvement was driven by an increase in transaction count and higher average dollar sale.
At HH Global we understand the value a strong ESG strategy can unlock for our client’s brands. Proving that HH Global is the true market leader in sustainable marketing practices, we are thrilled to bring you the most recent enhancement to our sustainability program and proprietary technology platform, Hub. Hub can now provide our clients with automated carbon emissions estimates at quotation stage. This industry-first solution works by leveraging our CO2 calculator in conjunction with our CO2 dataset developed from the largest industry spend profile of +$2.3 billion. This technology will give marketeers a holistic view of the environmental impact of their procurement spend at the pre campaign planning stage, enabling deeper insights and smarter decision making. All client quotations generated through the platform will now carry a carbon emission estimate, allowing comparisons to be made between different materials, channels and price points. The first release supports common sustainable marketing procurement, with additional categories such as branded merchandise and premiums to follow. Digital channels are already at concept stage.
As students and teachers nationwide head back to school, learning technology company HMH today announced major enhancements to Ed, HMH’s connected teaching and learning platform, that will offer an even more streamlined experience to empower educators and engage students. Seamless integrations with Google Classroom and Clever, as well as refinements and new features to many of HMH’s core, supplemental and intervention solutions and professional learning services, provide powerful connected teaching and learning experiences that drive positive outcomes—all from one platform. “At HMH, we know that an innovative, connected approach is what educators need to make the most of their time and resources and meet all students where they are,” said Greg Collins, SVP of Platform at HMH. “This back-to-school, a streamlined Ed experience will equip students, teachers and administrators with powerful integrations like Google Classroom and Clever, enhanced embedded assessment, joint solutions like Amira + Saxon Phonics & Spelling and evolve the overall HMH platform experience.”
Sonoco-Alcore S.a.r.l. announces that due to continued inflationary pressure on the business it will raise prices by 70EUR/ton or 60 GBP/ton for the UK on all tube and core grades sold in the Company’s EMEA regions. The increase is in direct response to the continued escalation of its cost base and will be effective for all shipments made on or after September 1, 2022. “We continue to experience further cost increases in all sectors of our operations and supply chain, mainly related to volatile gas and electricity prices raising to record high levels. We are again forced to pass on cost increases to the market, as we are unable to absorb them any further. Supply security and quality remains our primary focus. No shortages are currently foreseen but we need to cover our cost to maintain our operational status,” said Karsten Kemmerling, Division VP - Sales & Marketing EMEA. Sonoco Alcore S.a.r.l. is wholly owned by Sonoco (NYSE:SON) and operates 24 tube and core plants and five paperboard mills in Europe.
“SEE is on a journey to become a world-class, digitally driven company automating sustainable packaging solutions. Over the past five years, Ted has architected our purpose-driven transformation and energized our growth during one of the most challenging times in the company’s history. We are confident that Ted is the right leader to continue to successfully advance our long-term strategy and accomplish our vision,” said Henry Keizer, SEE’s Chairman of the Board. “SEE has a bright future ahead of it. I’m grateful to serve as CEO for another five years and for the opportunity to continue to lead our talented people to reach our vision,” said Ted Doheny. “Since 2017, we have transformed the business significantly, and there is still more to accomplish. We are cultivating a diverse and caring growth culture for our people and creating exceptional experiences for our customers by accelerating our growth in digital, automation and sustainability. We work each day to deliver world-class performance, create long-term value for our shareholders and make our world better than we found it.”
Fortis Solutions Group LLC ("Fortis"), a leading provider of high impact printed packaging solutions and a portfolio company of funds managed by Harvest Partners, LP, announced the acquisition of Identi-Graphics, Inc. based in Montgomery, Illinois. Terms of the transaction were not disclosed. Identi-Graphics is a manufacturer and printer of pressure sensitive labels and flexible packaging products serving the snack, bakery, confectionary, cosmetic and chemical end markets in the U.S. and Canada. The company specializes in the printing of bar wrappers for the nutritional supplement industry, in both heat and cold seal applications. Fortis President and CEO John O. Wynne, Jr. said, "Fortis is excited to bolster its flexible packaging and label capabilities in key end-markets with the acquisition of Identi-Graphics. With its great technical aptitude and central location, Identi-Graphics is well positioned for future growth. We welcome the experienced Identi-Graphics team and look forward to working with them."
Smurfit Kappa has developed a new sustainable eCommerce packaging solution for RareBoots4u, a supplier of classic football boots to many well-known names in world football, including Karim Benzema, Bruno Fernandes and Mason Mount. RareBoots4u approached Smurfit Kappa to create a customised and sustainable packaging solution that had the flexibility to accommodate a wide variety of sizes of football boots alongside promoting its brand. The new RareBoots4u box creates a positive customer experience with its striking design and clean lines. It also enhances the company’s sustainability credentials as it uses a reduced amount of material and is recyclable, renewable and biodegradable.
Worzalla, an employee-owned printing company specializing in high-quality children’s books, movie tie-in books and cookbooks, for the fourth year in a row collected 600 pounds of school supplies as part of Project Fresh Start, a United Way of Portage County Volunteer Center program. Last year Project Fresh Start provided free school supplies to over 1,050 fourth to twelfth graders in Portage County who qualify for free and reduced lunch through their school district. “Project Fresh Start depends on the support of our community to help provide school supplies to students in need," said Brianne Petruzalek, Vice President of Human Resources at Worzalla. "Worzalla and its associates are proud to help prepare the students in Portage County schools for the upcoming school year and support United Way in their efforts to build a stronger community for all of us." Worzalla associates were incentivized to contribute to the school supplies drive through an internal contest. For each item donated, the employee received entry into a drawing to win paid time off or one of five $50 gift cards.
The Sustainable Green Printing Partnership (SGP), the leading certification authority in sustainable printing, announced today that Dscoop, known as the world’s largest and most collaborative digital print and design community, has joined the SGP community as a Resource Partner. SGP Resource Partners are non-profits, non-governmental organizations (NGOs) and educational institutions engaged in promoting, teaching or researching in the areas of graphic arts and/or sustainability. Resource Partners are subject-matter experts that assure the entire print community is empowered to advance sustainability in the printing industry supply chain. “Sustainability is important to the members of the Dscoop community and SGP is the leading authority on providing a data driven approach to achieve carbon neutrality for the print industry in North America. Together, we can create a blueprint for HP Graphics Arts users to achieve carbon neutrality and work toward drawdown for the digital print on a global basis,” said Rick Bellamy, Dscoop Executive Chairman.
Sun Chemical has launched Paliocrom® Satin Gold EH 3600 (L 2131), a mid-shade golden aluminum-based effect pigment with distinct satin character, high chroma and extremely smooth appearance. As Sun Chemical’s first Paliocrom grade offered in a dry supply form, Satin Gold delivers unique color travel, excellent gloss levels and allows for thin film thickness of automotive basecoats due to the small particle size of the passivated, iron oxide coated, aluminum flake substrate. With a proven track record extending over a quarter of a century, Paliocrom aluminum effect pigments are the ideal choice for modern automotive and high-performance industrial coatings. They provide excellent hiding and extreme saturation suitable in thin film applications for yellow-to-red premium colors.
When it comes to packaging innovation, the industry is seeing something of a revival in paper and paper-based packaging, thanks to growing consumer demand for plastic alternatives, increased urbanization and an uptick in extended producer responsibility (EPR) legislation related to packaging. The great news is that paper and paper-based packaging, such as the recycled containerboard that will be produced at our Kingsport Mill starting early next year, is made from sustainable wood fiber and is easily recyclable. In fact, the paper recycling rate hit 68 percent in 2021, with paper and paper-based packaging make up the majority of packaging that is recycled each year. In 2021 91.4 percent of cardboard boxes were recycled, up from 88.8 percent in 2020. Today’s interest in plastic alternatives is spurring a new wave of packaging innovation, in part through a series of design challenges. In 2021, Domtar was named a winner in the Beyond the Bag challenge for its strong yet stretchable cellulose fiber-based bag.
*Domestic revenue of $9.57 billion decreased 13.1% versus last year primarily driven by a comparable sales decline of 12.7%. *Domestic online revenue of $2.97 billion decreased 14.7% on a comparable basis, and as a percentage of total Domestic revenue, online revenue was 31.0% versus 31.7% last year. *Domestic gross profit rate was 22.0% versus 23.7% last year. The lower gross profit rate was primarily due to: (1) lower services margin rates, including pressure associated with the Best Buy Totaltech membership offering; (2) lower product margin rates, including increased promotions; and (3) higher supply chain costs. *Domestic GAAP SG&A was $1.73 billion, or 18.1% of revenue, versus $1.85 billion, or 16.8% of revenue, last year. *International revenue of $760 million decreased 9.3% versus last year. This decrease was primarily driven by a comparable sales decline of 4.2% in Canada and the negative impact of approximately 420 basis points from foreign currency exchange rates. *International gross profit rate was 23.4% versus 24.3% last year. The lower gross profit rate was primarily driven by lower product margin rates.
Ecommerce sales have increased over the last three years, primarily due to the pandemic, but now shoppers are leaning into the convenience of having packaged goods delivered. This puts sellers in a situation where they need to adjust their packaging processes to keep up with demand. There are a few common ways product manufacturers pack and ship products. Bagging is a go-to solution for excellent reasons. Poly bags are safe, efficient and secure. They come in various sizes and film blends to meet application requirements, and can even be customized or printed to enhance a company’s marketing capabilities. Bagging machines, also known as automatic bagging machines, automatic baggers, or auto baggers, are equipment that quickly and consistently adds products to a poly bag. The machines can also assume a lot of the tiny tasks associated with putting a package together to be shipped safely. If you’ve found yourself wondering whether or not you need a bagging machine in your operation, there are a few things to consider. click read more below...
For the second quarter ended 30 June 2022 Lecta had revenue of €529.4 million versus €310.7 million in the second quarter ended 30 June 2021, an increase of €218.7 million or +70%. The costs of raw materials and consumables used increased by €75.7 million, or +18.6%, from €155.9 million in 2Q2021 to €231.6 million in 2Q2022, and as a percentage of revenue they decreased from 50.2% in 2Q2021 to 43.7% in 2Q2022. The absolute increase was mainly attributable to higher produced and purchased volumes, and to an increase in the average consumption price of pulp of 193€/t of paper. Labor costs increased by €5.2 million, or +11.9%, from €43.4 million in 2Q2021 to €48.5 million in 2Q2022, and as percentage of revenue they decreased from 14.0% in 2Q2021 to 9.2% in 2Q2022. EBITDA increased by €35.9 million, from €11.6 million in 2Q2021 to €47.5 million in 2Q2022. This increase was essentially due to higher sales of paper in volume and higher sales prices, partly offset by higher production cost and higher labor and fixed costs.
Mondi opened the Group’s first recycling laboratory at its Frantschach mill in Austria to test the recyclability of paper and paper-based packaging using non-paper components such as coatings. Conducting recycling tests in-house speeds up the process for developing sustainable packaging. While paper packaging offers many sustainability benefits, it also has certain barrier functionality limitations for products like perishable food. To enhance its functionality, non-paper components such as barrier coatings may need to be added, which in turn can impact recyclability. The data collected at the laboratory can be used to improve existing products and provide reliable information about their environmental impact. Mondi will also use the results to determine how the design of new packaging can be improved as well as how best to improve the circularity of [our] material flows. The tests are carried out on various paper and paper-based packaging products developed by Mondi and can determine whether the packaging can be efficiently recycled. The laboratory works in a similar way to industrial recycling facilities, but on a smaller scale. Results generated provide concrete evidence that the material can be recycled.
The Press of Atlantic City is launching what it says is a hyperlocal newspaper: The Current of Linwood, Northfield and Somers Point. It will arrive in every mailbox in those communities in the first week of October, wrote W.F. “Buzz” Keough. the executive editor of The Press of Atlantic City, on Saturday. However, the Press is ceasing publication of six remaining weekly Currents and in Atlantic and Cape May counties. “We don’t make this decision lightly: The Press has had a role in publishing the Currents/Gazettes since 1997,” Keough reports.
Amcor announced the opening of its latest Innovation Center in Jiangyin, China. The new center brings advanced packaging technologies and more sustainable material science to Asia Pacific, helping to drive growth and innovation across the region. At the core of all Amcor innovation centers are three key programs designed to encourage collaboration on how to develop, in real-time, the best solution that meets customer requirements that will help facilitate growth. • The Catalyst™ program - a flexible, collaborative, and creative approach of co-innovation that allows customers to customize solutions for their markets and customers, leveraging advanced analytical and material science labs. • The Ideation and Prototyping Innovation Lab – taking consumer insights and ideas to conduct rapid prototyping, helping significantly shorten product development and evaluation cycles. • The Applications Lab – offering a range of production machinery testing capabilities to identify potential issues quickly and early, helping to make the product development process more efficient, cost-effective and seamless.
The new swatch books for Metsä Board’s product portfolio are designed to demonstrate the performance of each of the paperboard grades. The images used in the product sample cards have been selected to match the typical end-use area of each product. In addition to a printed sample card, there is an unprinted card of each grade in the folder. Metsä Board’s sustainable folding boxboard range includes lightweight paperboards with a natural look and feel as well as coated paperboards for premium image reproduction and luxury appearance. Metsä Board’s portfolio includes both PE extrusion-coated paperboards and an easily recyclable and compostable dispersion coated barrier paperboard. The barrier board sample cards are flexo or offset printed, depending on the most typical printing method used for each board.
What don’t people realize about branding? How has branding changed over the years? And what makes a BrandQuest with Brent Niemuth so special? Hear the answers firsthand as J.Schmid President and CCO, Brent Niemuth answers burning questions about branding from VP Account Strategy, Lauren Ackerman. see more at: https://www.jschmid.com/blog/brand-lounge-3-branding-isnt-one-time/
Worzalla, an employee-owned company specializing in printing high-quality children’s books, movie tie-in books and cookbooks, hosted its second annual month-long event titled “WorzallaPalooza” to show appreciation to its associates. Throughout the month of July, Worzalla offered daily giveaways, including several grand prize packages. “WorzallaPalooza is one of Worzalla’s ways of thanking our employee owners and it’s great to see everyone come together to celebrate the contributions we each make,” said Brianne Petruzalek, Worzalla Vice President of Human Resources. “We were excited to do daily giveaways again this year along with a BBQ lunch for all team members.” In addition to each associate receiving a $20 Kwik Trip gift card and appreciation lunch catered by Smokehouse BBQ, every day in July featured a unique giveaway opportunity for Worzalla associates, including drawings for $25 to $500 gift cards from Fleet Farm, Target, Amazon as well as Portage County Business Council gift certificates to support local businesses. Three grand prize packages were awarded to Worzalla associates, including Wil Smith and Duane Kieliszewski.
FY2022 fourth quarter service performance scores covering July 1 through Aug. 19 included: *First-Class Mail: 93.0 percent of First-Class Mail delivered on-time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94.5 percent of Marketing Mail delivered on-time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 86.8 percent of Periodicals delivered on-time against the USPS service standard, consistent with performance from the fiscal third quarter.
Second Quarter Fiscal 2022 - Financial Results *Net sales of $3.86 billion, down 8% compared to last year. *Comparable sales were down 10% year-over-year. *Online sales declined 6% compared to last year and represented 34% of total net sales. *Store sales declined 10% compared to last year. The company ended the quarter with 3,390 store locations in over 40 countries, of which 2,799 were company operated. *Reported operating loss was $28 million in the quarter; reported operating margin of (0.7%). *Reported net loss of $49 million.
For the Second Quarter of Fiscal 2022 *Net sales increased 16.8% to $2.3 billion compared to $2.0 billion in the second quarter of fiscal 2021 due to the favorable impact from the continued resilience of the beauty category, the impact of new brands and product innovation, and the easing of COVID-19 restrictions compared to the second quarter of fiscal 2021. *Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 14.4% compared to an increase of 56.3% in the second quarter of fiscal 2021, driven by an 8.3% increase in transactions and a 5.6% increase in average ticket. *Gross profit increased 16.3% to $928.2 million compared to $798.0 million in the second quarter of fiscal 2021. As a percentage of net sales, gross profit decreased to 40.4% compared to 40.6% in the second quarter of fiscal 2021, primarily due to lower merchandise margin and higher inventory shrink, partially offset by leverage of fixed costs and strong growth in other revenue. *Operating income increased 17.8% to $391.4 million, or 17.0% of net sales, compared to $332.3 million, or 16.9% of net sales, in the second quarter of fiscal 2021. *Net income increased 17.8% to $295.7 million compared to $250.9 million in the second quarter of fiscal 2021.
Pregis® announced today that it's Grand Rapids, MI facility received the International Sustainability and Carbon Certification (ISCC) PLUS, a globally recognized system for the sustainability certification of recycled and bio-based materials in support of its Performance Flexibles solution offering. The ISCC PLUS certification includes the mass balance chain of custody option, providing traceability along the supply chain. This third-party certification enables Pregis to produce solutions that are classified as circular, bio-circular, and/or bio-base. Becoming ISCC PLUS certified highlights our commitment to supporting customers in enabling a circular economy. The company is able to engineer its Pregis Performance Flexibles Renew™ Series film solutions with these bio-certified materials, meeting the growing demand for flexible packaging options that align with customers’ sustainability and performance goals. Pregis applies responsible sourcing and advanced recycling to custom engineer films that are setting the sustainability standards withing the industry.
R.R. Donnelley & Sons Company announced it has increased its capacity for direct thermal linerless label production by approximately 40% as a direct response to client demand. With the recent installation of an additional linerless press at its plant in Monroe, WI, RRD is positioned to provide an innovative and readily available labeling solution that answers calls for both heightened productivity and sustainability. In the early 1990s, RRD was the first to develop, utilize commercially, and patent linerless labels. Today, this solution continues to improve profitability for RRD clients through operational effectiveness due to the elimination of the backing paper (liner). Conventional labels have a liner, where the label is pulled off a silicone-coated backer which is typically non-recyclable. This is one of the biggest drivers of waste in a label’s lifecycle. RRD’s linerless labels, however, deliver: *Up to 60% more labels per roll, reducing the downtime required to change rolls *Greater sustainability by eliminating liner waste *Minimized costs through reduced freight, warehousing, and liner disposal *Improved workplace safety through the elimination of slick silicone liners
Solenis, a leading global producer of specialty chemicals, will implement an energy surcharge on all products and product lines of up to 20% on all orders shipped on or after September 1, 2022, for all customers across Europe, the Middle East, and Africa (EMEA). The continued impact of limited availability of gas from Russia has resulted in extremely high and volatile gas prices in Europe. As a result, higher costs are being experienced by our manufacturing plants in addition to price escalations in key raw materials from our suppliers.
National Average Price for Regular Unleaded Current: $3.869; Month Ago: $4.327; Year Ago: $3.146. National Average Price for Diesel Current: $5.014; Month Ago: $5.386; Year Ago: $3.274.
American Dollar to Canadian Dollar = 0.773621; American Dollar to Chinese Yuan = 0.145760; American Dollar to Euro = 1.001626; American Dollar to Japanese Yen = 0.007314; American Dollar to Mexican Peso = 0.0050235.
After more than 100 years in business, MIDLAND has grown from a single Midwest location to one of the largest independent paper and packaging distributors in the United States. Headquartered in Wheeling, Illinois, MIDLAND provides value added solutions for the efficient distribution of printing and publication papers, packaging supplies and equipment, and facility supplies. Through experienced recommendations and intimate knowledge of these industries, the company helps clients find the best solution for their needs at the most competitive pricing in today’s ever-changing marketplace. MIDLAND focuses its attention on adding value to paper and packaging programs by using its strong mill relationships and expertise in paper, packaging, design, printing and mailing to help clients exceed their marketing and financial objectives. And when it comes to sustainability, MIDLAND’s commitment is evident in both principle and practice. “More and more, we see the current business climate driving our print and packaging customers to assess their impact on the planet,” says MIDLAND National President David Goldschmidt. “Companies turn to MIDLAND because they want a responsible supplier who conducts business ethically and can help them achieve their corporate sustainability goals.
A summary of results for the second quarter ended July 30, 2022 as compared to the second quarter ended July 31, 2021: *Net sales of $805 million, down 7% as compared to last year on a reported basis and down 4% on a constant currency basis. *Gross profit rate of 57.9%, down approximately 730 basis points as compared to last year. The year-over-year decrease was primarily driven by higher product costs, which contributed 750 basis points, and the adverse impact of exchange rates, which accounted for 30 basis points. These impacts where partially offset by higher AUR at Abercrombie. *Operating expense, excluding other operating income, net, was up 4% compared to last year. The increase was driven primarily by inflation and higher digital fulfillment expenses partially offset by lower incentive-based compensation. Operating expense as a percentage of sales increased to 58.0% from 52.1% last year. *Operating loss of $2 million and $0 million on a reported and adjusted non-GAAP basis, respectively, as compared to operating income of $115 million and $116 million last year, on a reported and adjusted non-GAAP basis, respectively.
Inspired by input from its educator users, Savvas Learning Company is excited to announce that for back to school it has updated its award-winning Savvas Realize platform with powerful enhancements and a new user experience intended to save teachers time, freeing them up to focus more on classroom instruction with their students. Savvas Realize, recognized as one of the most innovative learning management systems (LMS) in the industry and the winner of seven edtech awards, has now been made even easier to use with intuitive navigation for both teachers and students and time-saving tools for teachers to make the most of their teaching day. These updates include a more streamlined interface with faster grading workflows, improved classroom management tools, and greater integration with the edtech tools that schools use most. “Teachers have a lot on their plates, especially this school year with trying to get their students caught up. They need an LMS that’s easy to navigate for them and their students — one that provides robust support for personalized learning and the right tools to make their jobs easier,” said Bethlam Forsa, CEO of Savvas Learning Company. “After a year-long collaboration with nearly 100 educators, our highly acclaimed Savvas Realize LMS has been updated with significant enhancements to provide greater simplicity, shareability, and interoperability — helping teachers be more productive in the classroom.”
The Regional FSC Forest Stewardship Standard (RFSS) for Smallholders in India has now been approved by FSC. This standard is for the use in plantations by smallholders in India (Management Units smaller than 20 ha) and applies to rough wood and Non-Timber Forest Products (NTFPs). For more details on the scope, please refer to sections C and E of the standard. The standard has been written in a simple language and provides realistic and achievable indicators relevant to the circumstances of smallholders in India. Another key feature of the RFSS is that in many cases, a group manager or an external organization (a purchaser or an NGO) can assist the smallholder to achieve conformity with the standard.
TC Transcontinental Packaging, the Packaging Sector of TC Transcontinental (TSX: TCL.A TCL.B), a leader in flexible packaging in North and Latin America, has been named a Top Performer 2022/2023 by the Pet Sustainability Coalition (PSC) in the Earth Defender Category, based on its environmental focus and leadership in working towards the United Nations Sustainable Development Goals. This prestigious award, given annually to the top 20% of PSC-accredited companies, recognizes TC Transcontinental Packaging’s Corporate Social Responsibility (CSR) leadership. TC Transcontinental Packaging was accredited by PSC earlier this year after a third-party validation of its positive environmental and social impact. “TC Transcontinental Packaging is committed to creating flexible packaging that is 100% recyclable, reusable, or compostable by 2025. We are honored to be recognized for our sustainability initiatives,” said Thomas Morin, President, TC Transcontinental Packaging. “By demonstrating leadership in sustainable packaging, we proudly provide our customers with a roadmap to lessen their environmental footprint and create long-term value for stakeholders.”
Total European shipments of graphic papers in June 2022 were down 16.4% vs. 2021 and are down 10.2% year-to-date. Total European shipments of newsprint in June 2022 were down 10.7% vs. 2021 and are down 6.9% year-to-date. Total European shipments of sc-magazine in June 2022 were down 20.2% vs. 2021 and are down 11.2% year-to-date. Total European shipments of coated mechanical reels in June 2022 were down 28.1% vs. 2021 and are down 21.0% year-to-date. Total European shipments of uncoated mechanical (improved & others) in June 2022 were down 22.2% vs. 2021 and are down 12.3% year-to-date. Total European shipments of coated woodfree in June 2022 were down 8.8% vs. 2021 and are UP 0.6% year-to-date. Total European shipments of uncoated woodfree in June 2022 were down 14.8% vs. 2021 and are down 11.8% year-to-date.
Drytac, the leading international manufacturer of self-adhesive materials for the large-format print and signage markets, is delighted to announce the appointment of Daniel Farias as Technical Engineer with immediate effect. Based at Drytac’s specialist factory facility in North America, Daniel’s new role is to support the business with technical sales support and product management. He will also take a lead role in all aspects of quality assurance including continual improvements, technical data sheets, external audits and quality implementation. Daniel brings with him a wealth of experience and knowledge, having previously worked in a quality assurance position within the tapes and adhesives sector. In this role, Daniel implemented various new systems to improve production and workflow across the business.
Georgia-Pacific is making a significant investment of more than $20 million at its plant in Lebanon, Tennessee. Its existing corrugator will be replaced with a new one to provide the plant with more throughput and provide customers with a better-quality product. “This is as much an investment in our current and future customers as it is in our Lebanon operations,” said Rob Streeter, Georgia-Pacific’s area general manager. “This new technologically advanced corrugator will give us the ability to supply the independent and integrated box and display customers throughout the mid-South, with upgraded offerings such as two-sided high-quality print, including Georgia-Pacific’s Hummingbird® digital print, on a variety of fluting options for the converted board.” The project will be conducted in phases through 2023 while the existing corrugator continues to operate. The planned startup of the new unit will be sometime in the first half of 2024.
Urban Outfitters, Inc. announced net income of $59 million and earnings per diluted share of $0.64 for the three months ended July 31, 2022. For the six months ended July 31, 2022, net income was $91 million and earnings per diluted share were $0.96. Total Company net sales for the three months ended July 31, 2022, increased 2.2% over the same period last year to a record $1.18 billion. Total Retail segment net sales increased 1%, with comparable Retail segment net sales also increasing 1%. The increase in Retail segment comparable net sales was driven by low single-digit positive digital channel sales, while retail store sales were flat. By brand, comparable Retail segment net sales increased 8% at the Free People Group and 7% at the Anthropologie Group and decreased 9% at Urban Outfitters. Wholesale segment net sales increased 1%, driven by a 4% increase in Free People Group wholesale sales, partially offset by a decline in Urban Outfitters wholesale sales. Nuuly segment net sales increased by $18.8 million driven by a significant increase in our subscribers.
SECOND QUARTER 2022 SUMMARY *Total Company net sales increased 12.0 percent and GMV increased 12.2 percent compared with the same period in fiscal 2021. *Gross profit, as a percentage of net sales, of 35.2 percent increased 65 basis points compared with the same period in fiscal 2021 primarily due to leverage on buying and occupancy costs, partially offset by higher markdown rates. *Ending inventory increased 9.9 percent compared with the same period in fiscal 2021, versus a 12.0 percent increase in sales. *Selling, general and administrative expenses, as a percentage of net sales, of 32.8 percent decreased 15 basis points compared with the same period in fiscal 2021 primarily due to leverage on higher sales, partially offset by higher labor expense. *Earnings before interest and tax ("EBIT") was $202 million in the second quarter of 2022, compared with $151 million during the same period in fiscal 2021, primarily due to higher sales, partially offset by higher markdowns and higher labor expense.
That's right! Sign up for NEMOA's Fall Summit in Boston Harbor, MA and save 15% by using our code: BRD15. You'll join J.Schmid President & CCO Brent Niemuth as he delivers a keynote session on Messaging That Matters: Creating Powerful Content Across Channels. But that's not all! In addition to the Keynote Address, Brent will lead a hands-on workshop with Cindy Marshall, Founder & CEO of SHINE Strategy and Jason Baer, VP Sales & Marketing of Vermont Teddy Bear. This interactive session will explore the latest trends in Print Marketing. It's perfect for marketers who want to do a deep-dive into Strategic Planning, Merchandising, Creative & Messaging, Formats, and Circulation. Space is limited so register now! If you're not already familiar with NEMOA, here's what you need to know: • It's the only summit for true omnichannel marketers, helping brands harness the power of print in the marketing mix. • The thought-provoking discussions and enriching sessions are 100% guaranteed to drive actionable insights. Register at: https://nemoaevent.org/?utm_source=marketo&utm_medium=NEMOA&utm_campaign=website
The ODP Corporation announced that, subject to certain closing conditions, it has reached a definitive agreement for a sale and partial leaseback of its Boca Raton-based corporate headquarters. Upon completion of a sale, The ODP Corporation expects to lease a portion of the building’s office space from the new owner and to continue to occupy it as the company’s headquarters for a minimum of two years. “I’m excited about this opportunity and our commitment to maintaining Boca Raton as our headquarters and base of operations while continuing to embrace our low-cost flexible business model,” said Gerry Smith, chief executive officer for The ODP Corporation. “This is another example of how we are committed to leveraging our assets in the best way possible, enhancing our balance sheet and identifying smart ways to drive The ODP Corporation’s long-term growth and success.”
Whether you are an avid reader or the occasional book worm, identifying your next page-turner can sometimes be a challenge. Today we’re excited to introduce the next chapter for the Walmart book department: the Walmart Book Club. Five titles will be chosen annually as part of the Walmart Book Club with four unveiled seasonally throughout the year leading up to the highest honor, the Pick of the Year. Our team of book merchants will select titles based on reading trends, relevancy and industry market data – helping to identify exciting titles Walmart customers are sure to love. Focused on adult readers, select titles will be available to shop both in stores and online, making it easy to join no matter where you live. To get involved, all customers need to do is keep an eye out for the Walmart Book Club sticker on the cover of the book or the online product page.
HH Global is committed to being the first-choice, global, tech-enabled creative production and procurement partner to brands seeking stronger, more sustainable growth. Therefore, it is important that we are continually assessing and improving our ESG targets and framework, aligned to UN Sustainable Development Goals. We are updating our current carbon reduction targets to harmonize with the new science-based net-zero standard set out at the United Nations Climate Change Conference (COP26). The new standard is aligned with the science of the Paris Climate Change Agreement, which aims to limit global warming to 1.5C. During COP26 in Glasgow last year, a new standard for net-zero was introduced – prior to this there was no agreed standard. Many companies planned to achieve net-zero through ‘carbon offsets’, which are credits generated by projects reducing carbon emissions elsewhere. However, many existing carbon offsets are of inadequate quality and hard to verify, with some even increasing global emissions. The new net-zero standard allows less room for companies to cut corners – HH Global plans to lead by example.
Crown Holdings, Inc. has published its 2021 Sustainability Report to share progress against its dedicated Twentyby30 sustainability strategy and other key environmental, social and governance (ESG) achievements during fiscal years 2019 through 2021. The program includes five distinct pillars of action – Climate Action, Resource Efficiency, Optimum Circularity, Working Together and Never Compromise – which are supported by the Company's robust governance and ethics principles and practices. "We are incredibly proud of the progress we have made one year into the implementation of our Twentyby30 program," said John Rost, Ph.D., Vice President, Global Sustainability and Regulatory Affairs at Crown. "Our strategy focuses on several key issues including emissions reduction, product lifecycle and recyclability to slow the pace of climate change, transitioning to renewable electricity, prioritizing water preservation, enhancing employee and product safety, and increasing workforce diversity. We are mindful that sustainability is not a linear journey and remain committed to continuous process and product innovation and exploring how we can accelerate progress by collaborating with our customers, suppliers and the industry at large."
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index fell 1.1% in July after rising 0.5% in June. In July, the index equaled 116.2 (2015=100) versus 117.5 in June. “Tonnage declined sequentially in July for only the second time during the last twelve months. Despite the dip from June, tonnage remains at elevated levels and increased significantly from a year earlier,” said ATA Chief Economist Bob Costello. “While tonnage is much stronger than a year ago, the monthly gains have moderated as the year has gone on. The combination of softer consumption of goods, home construction falling and slower manufacturing activity are the main reasons.” June’s increase was revised down from our July 19 press release. Compared with July 2021, the SA index increased 5.1%, which was the eleventh straight year-over-year gain. In June, the index was up 5.6% from a year earlier. Year-to-date, compared with the same period in 2021, tonnage was up 3.4%.
ePac Flexible Packaging, the industry leader in quick turn, short and medium run-length flexible packaging, has announced it will accelerate its growth and transition to a global enterprise over the next 18 months. Eleven new sales and manufacturing locations will be established across Europe, Asia Pacific, Middle East/North Africa, and North America bringing ePac’s global footprint to 36 locations. In Europe, a second plant will be added in each of the UK, France, and Poland. In Austria, ePac Innsbruck will open in Q4 2022, along with a new site(s) to serve the Netherlands and the Scandinavian countries. In the Asia Pacific region, second plants will be added in Indonesia and Australia, and a new operation will start up in Malaysia. The company also plans to establish an Asia-based Global Services group to manage operations in the region. In the Middle East/North Africa region, ePac West Africa in Ghana will open in Q4 of this year, while evaluations of new sites in Kenya and Turkey are underway. Finally, in North America, previously announced ePac Montreal is planned to open in early 2023, along with 3 additional plants in the US.
*Comparable sales down 1.5% on an owned basis and down 1.6% on an owned-plus-licensed basis; up 4.3% and 4.4%, respectively, versus the second quarter of 2019. *Digital sales decreased 5% year-over-year while increasing 37% versus the second quarter of 2019. *Macy’s comparable sales were down 2.9% on an owned basis and down 2.8%, on an owned-plus-licensed basis. *Bloomingdale’s comparable sales on an owned basis were up 8.8% and on an owned-plus-licensed basis were up 5.8%. *Bluemercury comparable sales were up 7.6% on an owned and owned-plus-licensed basis. *Inventory turnover, on a trailing twelve-month basis, was relatively flat to 2021 and improved 15% over 2019. *Gross margin for the quarter was 38.9%, down from 40.6% in the second quarter of 2021.
Dotdash Meredith is giving up a deal with the state of Iowa in which it was to receive tax incentives for hiring and keeping workers in Des Moines. The publishing company was to receive $460,000 in tax credits and refunds under the arrangement, in return for adding 41 employees by March 2021 for at least $29.12 per hour and retaining them through March 2023, according to the Des Moines Register. Dotdash Meredith informed the Iowa Economic Development Authority (IEDA) in an August 10 letter that it would close the tax-incentive contract. Dotdash Meredith, facing reduced ad spending, suffered a $28 million operating loss in Q2.
Sonoco-Alcore S.a.r.l. announces that due to the continued escalation in the cost of European energy it will raise prices by €70 per tonne on all recycled paperboard grades sold in the Company’s EMEA regions effective for shipments made on or after the 1st September 2022. “In light of the significant increases seen across the recent energy markets, the uncertainty facing the forthcoming winter period and the resultant impact on our supply costs we have no choice but to raise prices accordingly,” said Phil Woolley, Vice President – Paper Europe. “We will continue to monitor the situation closely and will take every action necessary to maintain supplies to our customers. We cannot however rule out further increases or surcharges being required at this stage.”
Sealed Air has invested $9 million in a solar farm that is now powering its Madera, California manufacturing facility. The solar panels, which sit on 11 acres of company-owned land adjacent to the facility, are expected to help reduce energy spend at this site by $1 million annually. The 265,000 square foot plant, which manufactures BUBBLE WRAP® brand original cushioning, SEALED AIR® brand Korrvu® retention and suspension packaging, mailers, and other solutions, will have 98% of its electricity powered by the solar field. Over the course of the first year, the solar project will help avoid 4,982 metric tons of carbon dioxide and 72,172 metric tons of carbon dioxide over 15 years, which is equivalent to: *Greenhouse gas emissions from more than 15,000 passenger vehicles driven for one year *The carbon dioxide emission from annual electricity use for more than 14,000 homes *Carbon sequestered by nearly 1,200,000 tree seedlings grown over the course of a decade
Amcor announced that it has closed the acquisition of a world-class flexible packaging plant located in the Czech Republic. The strategic location of the site immediately increases Amcor’s ability to satisfy strong demand and customer growth across its flexible packaging network in Europe. “With this acquisition we are investing to accelerate the organic growth momentum of our flexibles business in Europe in attractive segments,” said Michael Zacka, President, Amcor Flexibles Europe, Middle East & Africa. “The scalable nature of the acquired site and its attractive location further bolsters our ability to service strong customer demand and generate strong returns for Amcor shareholders.”
The 3D fibre product demo plant jointly owned by Metsä Group's innovation company Metsä Spring and Valmet was inaugurated in Äänekoski on Monday, 22 August 2022. The demo plant was inaugurated by Minister of Science and Culture Petri Honkonen, President and CEO of Metsä Group Ilkka Hämälä and CEO of Valmet Pasi Laine. The new Muoto® product, which is manufactured by the demo plant, is a significant new opening in the packaging market. Made from renewable and sustainably grown wood raw material, Muoto is an excellent alternative to plastics in many end uses, for example food packaging of different sizes and shapes. "It is important that new types of value-added products are developed from Finnish pulp, of which Muoto is a great example. It is a packaging material made from fossil-free raw materials for people's everyday life. We continue the development work towards a broader business," says Ilkka Hämälä.
Tetra Pak published its annual Sustainability Report, highlighting the company’s achievements and progress in the last year and detailing the actions to help realise resilient and sustainable food systems. The sustainability challenges underscore the need for a radical new approach to the way we feed the world while minimising the impact on the planet. From how we source, produce and process our food, to its transportation, the materials we use to package it, and the critical role of collaborations in making it happen. Adolfo Orive, President & CEO at Tetra Pak, said: “Sustainability is not just in the agenda. It is THE agenda. We must ‘walk the talk’ by maximising our positive impact on nature and society, by continuing to embed sustainability as a key business driver and decision-making criteria. “Our ambition is to lead sustainability transformation within our industry and our initiatives in this regard have continued over the last 12 months, working together with our customers and partners to support their own efforts as well. The cost of inaction on sustainability today is a world we won’t recognise tomorrow. Our progress depends on being able to embrace a mindset which drives both growth and sustainability for a better future.”
About 146 million tons of municipal solid waste in the U.S. went to landfills in 2018, according to the Environmental Protection Agency (EPA). New technology is helping to turn some of that trash into treasure by recovering valuable materials for reuse. That’s where Juno comes in. Georgia-Pacific's first commercial facility with its Juno technology is up and running in Toledo, Oregon. “Juno is a new innovative waste diversion and recycling process that captures recyclable material previously destined for landfill or incineration because of coatings or food contamination,” said John Mulcahy, Vice President – Stewardship for Georgia-Pacific.
It all started with the love of an island. After decades of running a successful diving business on St. John in the US Virgin Islands, the business owners could feel that there was just more that they could offer. They saw an opportunity to tap into the island lifestyle and offer more: leisure wear, swim, and diving gear, even home décor; to build a lifestyle around the island life. But with limited existing product, and no existing tangible brand beyond the diving business to speak of, where does one start? That’s where J.Schmid came in. We started with research to understand the unique connection that people have to the island; then we used that learning to craft a brand story, and bring it to life in words and pictures. Read the case study at: https://www.jschmid.com/blog/portfolio/low-key-branding-case-study/
What’s that sound you hear? It’s marketers gritting their teeth as they’re being asked to give up their precious advertising dollars to help insulate their brands from the looming recession. Or you may have heard the marketers or agencies say “Let’s only focus on hardworking media,” which typically means lower-funnel, digital-only, highly targeted, easily measurable, promotional campaigns designed to boost short-term sales and eliminate “waste.” They’re all part of the marketer’s recession playbook. But should they be? In reality, we should all consider a different path forward: Now is an opportune timeto shore up brand awareness and loyalty by increasing media investments with brand-building, mass-reaching, highly creative advertising campaigns.
According to the report, total printing-writing paper shipments decreased 1% in July compared to July 2021. U.S. purchases of total printing-writing papers increased 3% in July compared to the same month last year. Total printing-writing paper inventory levels increased 2% when compared to June 2022. • Uncoated free sheet (UFS) paper shipments decreased 1% compared to July 2021 while the inventory level increased 5% compared to June 2022. UFS imports increased 8% while exports decreased 25% in June 2022. • U.S. purchases of coated free sheet (CFS) papers in July increased 2% compared to last July while the inventory level decreased 1% compared to June 2022. CFS imports and exports both increased compared to June 2021, up 32% and 6% respectively. • Coated mechanical (CM) paper shipments decreased 18% compared to July 2021 while the inventory level increased 2% compared to June 2022. CM imports increased 48% while exports decreased 41% in June 2022. • U.S. purchases of uncoated mechanical (UM) papers in July increased 16% compared to last July while the inventory level decreased 13% compared to June 2022. UM imports increased 9% while exports decreased 10% in June 2022.
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One Clean Carton®, from Colbert Packaging Corporation, once again passed a series of laboratory tests to confirm its suitability for pharmaceutical and food-safe secondary packaging. New for 2022, Colbert submitted test samples of water-based, flexographic printed cartons as well as an agri-based, offset printed version. Both cartons samples included an agri-based offset printed insert glued inside. All components of One Clean Carton, including inks, coatings and adhesives, are tested to ensure they meet environmental and safety agency standards to be considered clean and safe for indirect food and drug contact. In order to state the Clean Carton claim, packaging samples underwent comprehensive analytical testing. “Pharma and Consumer product managers tasked with sourcing environmentally-friendly packaging have more reasons to choose One Clean Carton with confidence,” says Lon Johnson, vice president of sales and marketing. “In this round of testing, we elected to test both flexographic and offset printing on sustainably sourced paperboard, using water- and agri-based inks, and Clean Carton passed again.”
FY2022 fourth quarter service performance scores covering July 1 through Aug. 12 included: *First-Class Mail: 93.0 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94.3 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 86.5 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter.
The Association of American Publishers (AAP) today released its StatShot report for June 2022 reflecting reported revenue for Trade (Consumer Books), Higher Education Course Materials, and Professional Publishing. The report does not include PreK-12 revenue due to delays in data collection but will be updated as soon as that data becomes available. Total revenues across all categories, excluding PreK-12, for June 2022 were down 0.2% as compared to June 2021, coming in at $895.0 million. Year-to-date revenues were down 1.6%, at $5.5 billion for the first six months of the year.
ProAmpac, a leader in flexible packaging and material science, announced their Rocky Mount, VA facility received the International Sustainability Carbon Certification Plus (ISCC Plus). This is a global sustainability certification system which supports the tracking of chemically recycled and bio-based polymers through the supply chain. “The ISCC Plus certification, coupled with our ProActive Sustainability product offering, underscores ProAmpac’s commitment to helping brand owners and retailers meet their sustainability goals,” states Chad Murdock, president of ProAmpac’s Film and Fiber Division.
*Operating profit for January-June 2022 was SEK 3 984 million (January-June 2021: 1 747). Excluding the item affecting comparability of SEK +266 million, operating profit increased by SEK 1 972 million to SEK 3 719 million. This was due to price increases in every product area, while cost inflation was limited by our high level of wood and energy self-sufficiency. *Profit after tax for January-June amounted to SEK 3 125 million (1 373), which corresponds to earnings per share of SEK 19.3 (8.5). *A total of SEK 1 862 million of ordinary and extraordinary dividends was paid in April. Thanks to strong cash flow, net debt has decreased by roughly SEK 300 million since year-end.
National Average Price for Regular Unleaded Current: $3.918; Month Ago: $4.495; Year Ago: $3.177. National Average Price for Diesel Current: $4.990; Month Ago: $5.515; Year Ago: $3.289.
American Dollar to Canadian Dollar = 0.770145; American Dollar to Chinese Yuan = 0.146687; American Dollar to Euro = 1.005682; American Dollar to Japanese Yen = 0.007303; American Dollar to Mexican Peso = 0.049498.
Port congestion continues to haunt global trade, spreading fresh fears among exporters andimporters over whether massive amounts of cargo will be delivered on time for the busy, year-end shopping season. Supply chains never fully recovered from the pandemic shock when goods transported by seawere delayed and shipping prices soared. Now freight rates are falling, but cargo is still delayed at choked European and American ports. “Ships are still a gamble not worth taking,” said Abbie Durkin, the owner of Palmer & Purchase, awomen’s clothing and accessories boutique with stores in New York. “We are fl ying in our entirewinter collection to make sure it arrives before Christmas.”
“Second quarter results were impacted by a weakening macro environment, high inflation and dampened consumer spending, which especially pressured our middle-income customers. We have adjusted our plans, implementing actions to reduce inventory and lower expenses to account for a softer demand outlook. Kohl’s has navigated difficult periods in the past and I am confident in our ability to successfully manage through the current uncertainty. I want to thank our incredible associates around the country for their commitment to Kohl’s and for providing excellent service to our customers every day. We continue to execute on our transformation strategy and are pleased to deliver outsized performance in the nearly 600 stores which have been refreshed and elevated, featuring Sephora as a key cornerstone,” said Michelle Gass, Kohl’s chief executive officer. “While 2022 has turned out to be more challenging than initially expected, Kohl’s remains a financially strong company with significant long-term growth potential. Our $500 million accelerated share repurchase underscores our steadfast confidence in Kohl’s future and focus on creating shareholder value. We also remain firmly committed to our current dividend,” said Gass.
Ennis, Inc. announced its acquisition of certain assets including customer lists and intellectual property of Gulf Business Forms, in San Marcos, TX. Gulf Business Forms is a trade printer specializing in custom-printed documents including business forms, laser cut sheets, brochures, pamphlets, in-line glue booklets, and variable short-run solutions. Keith Walters, Chairman, President & CEO of the Company stated, “Gulf has been a strong competitor and leading brand throughout the country with customers spanning from California in the southwest to Massachusetts in the northeast. We are excited about adding the Gulf brand and their customers to the Ennis family.” Gulf Business Forms has been serving distributors from its operations in Texas for more than 50 years since its founding in 1968.
The U.S. advertising marketplace contracted 12.7% in July versus the same month a year ago, marking its first double-digit rate of decline since July 2020, according to a MediaPost analysis of data from Standard Media Index's U.S. Ad Market Tracker. Compared with July 2020, which was the tail-end of the COVID-19 ad recession, the U.S. ad market was up 29.7%. Smaller ad categories continue to be sustaining ad spending better than the largest ones. While the top 10 ad categories declined 14% in year-over-year ad spending in July, all other categories contracted only 11%.
A new guide from Royal Mail Marketreach explains the sustainable benefits of mail and how those benefits can be boosted by the right choice of materials and suppliers. For some time now, direct mail has been one of the most sustainable forms of marketing available to companies and organisations. The fact that the paper industry uses a large proportion of renewable energy to process paper sourced from carefully managed forests combined with Europe’s high paper recycling rate means that mail is a key part of the circular economy. But while most people in the paper industry are fully aware of its environmental credentials, others in the wider marketing sphere aren’t, so Royal Mail Marketreach and industry body the Strategic Mailing Partnership have teamed up to produce a handy guide to making mail campaigns more sustainable.
Duro®, a Novolex® brand, is introducing Load & Fold® Shopping Bags and Load & Seal® Shopping Bags, tamper-evident paper bags that offer more secure transport and deliveries for restaurants and retailers. The bags feature a wide opening for easy loading, a flat bottom to keep items secure and sturdy paper twist handles for easy and reliable carrying. The Load & Fold bags offer an upscale folded top security option using a customer-supplied branded label or other adhesive to seal the bag; the Load & Seal bags offer a built-in tamper-evident adhesive strip to securely seal the bag.
Amcor CEO Ron Delia said: “Fiscal 2022 was another outstanding year for Amcor. Our financial performance accelerated throughout the year as we delivered our strongest quarter in June with organic sales growth of 6% and adjusted EBIT growth of 9%. For the full year, strong execution resulted in 11% adjusted EPS growth, at the top end of our guidance range and supported by organic sales growth of 4%. We generated over $1 billion in adjusted free cash flow, supporting $600 million in share repurchases and an increase in what we believe is a very compelling dividend." “This is our third consecutive year of accelerating top line growth, and we expect to sustain this momentum including by stepping up investments in areas such as higher value-add priority segments. This gives us confidence the business will deliver another year of strong underlying EPS growth in the range of 7% to 12%. We also plan to continue returning capital to shareholders while actively exploring opportunities for value-creating acquisitions across our portfolio."
Walki Group has signed a definitive agreement to acquire 100% of the shares in Westpak Oy Ab and Flexipack Oy Ab. Since years, these two companies form an integrated value chain, providing high quality flexible packaging solutions to leading Nordic food brands. In 2021 Flexipack and Westpak generated combined sales of about Euro 40 million. Together they are employing some 100 employees. Westpak is based in Säkylä, Finland, whilst Flexipack production facility is located in Vaasa, Finland. “With this acquisition we continue to implement our strategy to expand our offering of more sustainable packaging alternatives by leveraging on our strong material science know-how. Flexipack and Westpak have a very complementary offering of high-quality printed products and a proven commitment to a dedicated customer service” says Leif Frilund, President and CEO of Walki Group.
To get the facts on the supply chain crisis, PRINTING United Alliance recently launched the Printing Industry Supply Chain Conditions Survey. Nearly 200 companies, including commercial printers, graphic and sign producers, apparel decorators, functional printers, and package printers/converters, have participated to date. Our survey confirms that the crisis is getting worse. For every substrate covered, reports that availability has decreased over the past 60 days far exceed reports of the opposite, with the highest percentages reporting declines in the availability of coated paper (84.8%), uncoated paper (79.2%), vinyl (62.6%), and plastics other than vinyl (55.7%). Moreover, majorities ranging from 96.7% for coated paper to 74.4% for textiles/fabrics and newsprint report prices continue to rise (see Figure 1). details at: https://www.piworld.com/article/survey-sheds-light-supply-chain-crisis-substrates-consumables/
A great deal is required of today's packaging materials. Brands are expected to be on top of things, choosing packaging with many factors – safety, recyclability, functionality, and product appeal – in mind. Furthermore, choosing the right packaging can be an important aspect of a brand's marketing strategy. So, what’s in it for brands and the packaging industry if they decided to switch bio-based plastics like PEF? Sustainability is one of the most cited factors in defence of changing to bioplastics. The good new is, it is not the only one. In this article, we take a look at four major advantages of switching PEF – and look at different aspects for packaging companies and brand owners. 1. A fossil-free alternative - As we all probably know by now, the use of plastic is associated with many problems, like the release of fossil carbon dioxide into the atmosphere at its end-of-life. In addition, one of the largest bulk plastics worldwide, traditional polyethylene terephthalate (PET), contains fossil-based terephthalic acid (PTA). Switching to its bio-based alternative polyethylene furandicarboxylate (PEF), which uses furandicarboxylic acid (FDCA) instead of PTA, could bring about signiﬁcant reductions in greenhouse gas emissions worldwide.
UPM and Dongsung Chemical announce a development partnership that will accelerate the introduction of renewable, sustainable forest-sourced materials into the Asian market and reduce fossil resource consumption. Dongsung Chemical, headquartered in South Korea and UPM Biochemicals, headquartered in Germany have agreed to form a strategic partnership to develop renewable products using bio-based raw materials, initially for footwear materials. Dongsung Chemical has signed a Letter of Intent for this strategic partnership to develop a renewable polyurethane product based on UPM Biochemicals’ biobased mono-ethylene glycols (MEG), UPM BioPura™. UPM is investing 750 million Euros to build the world’s first industry scale biorefinery at Leuna in Saxony-Anhalt, Germany, to convert sustainably sourced, certified woody biomass into next generation biochemicals. The facility aims to produce 220,000 tonnes annually in total. Bio-MEG is one of the outputs. UPM targets the start-up for end 2023.
EcoVadis has recognised UPM on a Platinum level based on the company’s sustainability performance in the following four categories: Environment, Labour and human rights, Ethics and Sustainable procurement. Only one per cent of the 90,000 global companies assessed received the Platinum score. Compared to previous years’ assessments, UPM received its all-time high score of 87/100. “The main improvement steps were taken in the Labour and human rights category. We have introduced several new social responsibility targets for 2030, focusing strongly on diversity and inclusion and fair rewarding. We have also developed our human rights due diligence processes and reporting,” says Sami Lundgren, VP, Responsibility at UPM. “The EcoVadis sustainability rating helps our customers assess the responsibility of their suppliers. UPM’s renewed Platinum rating recognises the work we have done to promote sustainability in the whole value chain.”
Sole Source Capital LLC, an industrial-focused private equity firm, announced that its portfolio company, Dallas Plastics, a leading manufacturer of blown polyethylene film with printing, embossing, and other value-added capabilities for the medical, food, and industrial end markets, has acquired Emballage MPP, Inc. (“MPP”). Terms of the transaction were not disclosed. Headquartered in Montreal, Quebec, MPP manufactures a diversified range of polyethylene-based blown film products, selling primarily to defensive end markets including medical, food packaging, and logistics. MPP’s location gives Dallas Plastics a foothold in Canada, significantly expanding the company’s addressable geographic market. The increased scale and geography enhances Dallas Plastics’ customer base and strengthens its leadership position in the production and distribution of high-performance specialty films used in flexible packaging.
R.R. Donnelley & Sons Company unveiled five trends expected to shape financial services institutions for the second half of the year. RRD is the leading trusted advisor to securely deliver communication and transactional documents for the financial services industry, giving the company unique insight into the challenges and opportunities. RRD has identified five trends leading the transformation of the financial services industry, including: Trend #1: Growing Consumer Demand for Mobile, Self-Service Transactions Drives Tech Investment - The pandemic increased the appeal of self-service offerings, with customers expecting a minimal touch, mobile-based solution to meet their financial needs. Trend #2: Attracting Customers in a Competitive Banking Space Means Meeting Them Where They Are - A crowded banking industry creates tough competition for attracting and retaining customers, therefore knowing your customer and their channel preference is critical to reaching them successfully.
Monadnock Paper Mills, Inc., the oldest continuously operating paper mill in the United States, is pleased to announce that it has earned a gold rating in the EcoVadis Corporate Social Responsibility (CSR) assessment. This achievement places the company in the top eight percent of the 90,000 companies ranked by EcoVadis. The company has achieved a 30% increase in its performance level since earning a silver rating in its assessment in 2015. Monadnock is FSC® (Forest Stewardship Council®) certified (FSC C018866) ensuring that the fiber it sources comes from responsibly managed forests and recycling facilities that meet the highest environmental and social standards. Its products are manufactured carbon neutral, and they use 100% renewable Green-e certified wind-powered electricity, all under a third-party certified ISO 14001 Environmental Management System.
International technology group ANDRITZ and Paracel S.A., Paraguay, have signed a contract under which ANDRITZ is to supply all process equipment and energy-efficient and environmentally friendly pulp production equipment for Paracel’s 1.8 million ton/year pulp mill to be built in Concepción, Paraguay. ANDRITZ will supply all equipment on an EPC basis. The order value for ANDRITZ will be more than 1.5 billon US dollars. The contract is expected to be booked during 2023.
The Book Manufacturers’ Institute (BMI) released the August results for its monthly survey on capacity and lead times for soft cover and hard cover books. As demand has skyrocketed and supply chain woes continue to hamper all segments of manufacturing, BMI put together the survey to get a better idea of what manufacturers were facing and what publishers should expect. This month showed capacity and lead times all going up a bit. According to responses regarding hard cover books, the average manufacturer was running at 90% of their capacity, up from July’s 84%. The average lead time for completed hard cover books went up from 74 to 85 days. For soft cover books, capacity usage went up slightly to 92% and the average lead time went up from 56 days to 62 days, based on 16 responses.
Stakeholders from around the world are invited to give feedback on the revised Estonian Forest Certification System. Deadline for comments is 13 October. Give your feedback. The Estonian Forest Certification Council revised the country’s national forest certification system following the entry into force of the revised 2018 PEFC Sustainable Forest Management standard. The Estonian system was submitted to PEFC after being revised in line with PEFC requirements. The national system is now undergoing the PEFC assessment process, carried out by an independent PEFC Registered Assessor. It must pass this assessment to maintain its PEFC endorsement.
Following an extensive and long-term strategic analysis, Rottneros' Board of Directors has decided to discontinue the production of groundwood pulp in Rottneros Mill as there are no prospects for long-term sustainable profitability. The decision means that about 40 people will be made redundant. The cost of the closure is expected to amount to approximately 60 MSEK. Production is expected to cease at the end of 2022, following the conclusion of trade union negotiations which are now beginning. The Group plans to invest 160 - 200 MSEK to significantly increase capacity and production in the mill's CTMP line. In 2021, the Group's production of groundwood pulp amounted to 64 000 tons, corresponding to 16 percent of Rottneros' total production of 395 300 tons. During the same year, the groundwood line's share of the Group's net sales amounted to just over 10 percent, while the contribution, including electricity hedges, to the Group's net profit was marginal. The costs for the closure, approximately 60 MSEK, consist mainly of redundancy costs and will be charged in the Group's earnings for the third quarter. Only a minor part is write-downs of fixed assets.
Mondi plc has agreed to acquire the Duino mill near Trieste (Italy) from the Burgo Group for a total consideration of €40 million. The mill currently operates one paper machine producing lightweight coated mechanical paper. Mondi plans to convert this paper machine to produce around 420,000 tonnes per annum of high-quality recycled containerboard for an estimated investment of around €200 million. Close to two important export harbours, Duino is ideally located to supply the Group’s Corrugated Solutions plants in Central Europe and Turkey as well as to serve the growing local Italian market. The containerboard machine will strengthen backward integration in Corrugated Packaging and provide us with security of supply to better serve our customers.
Join J.Schmid President & CCO Brent Niemuth at the Fall NEMOA Summit in Boston Harbor, MA where he'll deliver a keynote session on Messaging That Matters: Creating Powerful Content Across Channels. But that's not all! In addition to the Keynote Address, Brent will lead a hands-on workshop with Cindy Marshall, Founder & CEO of SHINE Strategy and Jason Baer, VP Sales & Marketing of Vermont Teddy Bear. This interactive session will explore the latest trends in Print Marketing. It's perfect for marketers who want to do a deep-dive into Strategic Planning, Merchandising, Creative & Messaging, Formats, and Circulation. Space is limited so register now! If you're not already familiar with NEMOA, here's what you need to know: • It's the only summit for true omnichannel marketers, helping brands harness the power of print in the marketing mix. • The thought-provoking discussions and enriching sessions are 100% guaranteed to drive actionable insights. • And one more thing...we can offer you a 15% discount with code BRD15! That's right, it's a perk we get as a board member. So if you're interested in going, register now at: https://nemoaevent.org/?utm_source=marketo&utm_medium=NEMOA&utm_campaign=website
Over the last few years, the concept of ‘brand voice’ has been construed to mean how your favorite potato chip company feels about the latest socio-political development. There are two main problems with this perspective. First, consumers are smarter than that. They recognize the inherently self-serving nature of that kind of commentary. Secondly, it narrows the scope of what brand voice actually means. Brand voice isn’t just about the copy on your website or in your emails, and it surely isn’t just a tagline – it is all forms of communication between your brand and consumers. From the literal copy to your packaging, voice is a manifestation of a brands mission, vision, values and story. It is something literal, yet ethereal, it should survive CMO changes, product alterations, and re-branding exercises. This isn’t to say it should stay the exact same, over the years it should evolve and grow but always remain a recognizable, human part of your brand and how you communicate. Let’s take a look at how three different brands are using their unique and authentic voices across a variety of mediums and touch points at: https://www.jschmid.com/blog/brand-voice-its-more-than-a-tagline/
FY2022 fourth quarter service performance scores covering July 1 through August 5 included: *First-Class Mail: 93.1 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94.2 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 86.3 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter.
Using the theme “Power of Labels,” Sun Chemical will showcase and present its complete portfolio of solutions for the packaging and narrow web, tag and label markets to converters across North and South America during Labelexpo Americas 2022 from September 13-15 in Rosemont, Ill. “Our commitment to sustainability continues to be a fundamental part of our innovation and product development at Sun Chemical,” said Dennis Sweet, Vice President NWTL, Commercial, Rycoline and Distributors. “We’re excited to be back at Labelexpo Americas 2022 to highlight our sustainable product offerings and provide an opportunity to reconnect with the narrow web industry.” Using its ‘5Rs’ framework (Reuse, Reduce, Renew, Recycle and Redesign) as a guide, Sun Chemical invests significantly in R&D to improve the eco-efficiency and sustainability of the packaging that utilizes its inks, coatings and adhesives to support a circular economy.
Second Quarter of 2022 Highlights *Second quarter 2022 (“Q2 2022”) net earnings were $29.5 million or $0.15 per share (diluted), compared to $34.0 million or $ 0.18 per share in the first quarter of 2022 (“Q1 2022”). This was the Company’s third full quarter operating its acquired forest-products assets. *Lumber pricing remained strong in Q2 2022, with an average selling price of $1,255/mfbm compared to $1,325/mfbm in Q1 2022. Rising interest rates and inflation headwinds, coupled with macro supply tightening and the risk of disruptions to lumber supply underlies our expectation of continued volatility in lumber prices. *The Company made a voluntary repayment of US$8.9 million on its outstanding term debt during the second quarter of 2022. *Asset-backed revolving loan facility of $65.0 million was undrawn at quarter end and has remained undrawn at August 10, 2022. Strong operating cash flow continues to fund working capital needs. Cash and equivalents ended Q2 2022 with a balance of $74.2 million.
Koehler Paper in Oberkirch is taking advantage of the summer period to carry out necessary work on its three paper machines, its power plant, and its infrastructure. In addition to maintenance tasks, it is also planning a number of improvements so that when the machines are started up again in mid-August it will be able to continue producing premium paper for the international market. "It is not possible to carry out major works on these complex machines during production. As these machines normally run in continuous operation, these types of stoppages are necessary to ensure that our technology is always up to date,” says Hartmut Felsch, Mill Director at the Koehler Paper site in Oberkirch.
Mondi plc announces that it has entered into an agreement to sell its most significant facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Augment Investments Limited for a consideration of RUB 95 billion, payable in cash on completion. The proposed Disposal follows Mondi’s announcement on 4 May 2022 that, having assessed all options for the Group’s interests in Russia, it had decided to divest its Russian assets. Accordingly, Mondi launched a competitive auction process to find a suitable new owner for Syktyvkar. Syktyvkar is a wholly owned integrated pulp, packaging paper and uncoated fine paper mill located in Syktyvkar (Komi Republic). The Business employs approximately 4,500 people and it is a leading provider of uncoated fine paper and containerboard to the domestic Russian market.
National Average Price for Regular Unleaded Current: $3.978; Month Ago: $4.655; Year Ago: $3.186. National Average Price for Diesel Current: $5.060; Month Ago: $5.625; Year Ago: $3.294.
American Dollar to Canadian Dollar = 0.782439; American Dollar to Chinese Yuan = 0.148302; American Dollar to Euro = 1.028808; American Dollar to Japanese Yen = 0.007487; American Dollar to Mexican Peso = 0.050207.
"We saw increasing earnings and operating margins in the second quarter after a successful first quarter. We are also raising our adjusted EBITDA and free cash flow full-year guidance based on our first half of the year performance and our second half outlook," said Jean-Michel Ribiéras. "We remain committed to reducing debt, investing in high-return projects and returning cash to shareowners as we continue delivering on our investment thesis." Second Quarter Highlights *Net income from continuing operations of $84 million ($1.89 per diluted share) compared with $55 million ($1.25 per diluted share) in the first quarter of 2022 *Repaid $48 million of debt, achieving a gross debt-to-adjusted EBITDA ratio of 2.2x. Second Quarter Commercial and Operational Highlights *Price and mix improved by $73 million versus the prior quarter, mainly due to prior price increases implemented in all regions *Operations improved by $2 million and total planned maintenance outage expenses rose by $17 million in North America *Input costs grew by $16 million versus the prior quarter, reflecting higher chemical, energy, fiber and transportation costs.
The planned peak-season pricing, which was approved by the Governors of the Postal Service on Aug. 9, would affect prices on the following commercial and retail domestic competitive parcels: Priority Mail Express (PME), Priority Mail (PM), First-Class Package Service (FCPS), Parcel Select and USPS Retail Ground. International products would be unaffected. Pending favorable review by the PRC, the temporary rates would go into effect at 12 a.m. Central on Oct. 2, and remain in place until 12 a.m. Central Jan. 22, 2023. This seasonal adjustment will bring prices for the Postal Service’s commercial and retail customers in line with competitive practices. details at: https://about.usps.com/newsroom/national-releases/2022/0810-usps-announces-proposed-temporary-rate-adjustments.htm
Esko, the global developer of integrated hardware and software solutions for the print, packaging, and label industries, has acquired imposition A.I. software company Tilia Labs, in a deal that delivers on the need of brand owners and converters to connect and integrate the entire value chain through upstream digitalization. Tilia Labs’ range of intelligent algorithms for sheet layout, estimation, and planning complement Esko’s existing software suite and the two companies will work together to develop next generation integrated solutions.
The consolidated sales of the group increased by EUR 928.9 million to EUR 2,218.5 million (H1 2021: EUR 1,289.6 million). This increase resulted primarily from the acquisitions of the previous year and from passing on cost increases through higher prices. At EUR 285.0 million, the operating result was EUR 192.9 million higher than in the previous year (H1 2021: EUR 92.1 million). The significant increase results in particular from the MM Board & Paper division. In the previous year, one-time expenses from adjustment and restructuring measures amounting to EUR 26.1 million were recorded in the packaging division. The Group's operating margin thus reached 12.8% (H1 2021: 7.1%). The profit for the period increased by EUR 143.6 million to EUR 205.8 million (H1 2021: EUR 62.2 million).
KPLP Q2 2022 Business and Financial Highlights • Revenue was $397.5 million in Q2 2022 compared to $339.3 million in Q2 2021, an increase of $58.2 million or 17.1%. • Net loss was $35.5 million in Q2 2022 compared to net income of $2.2 million in Q2 2021, a decrease of $37.7 million. “We delivered another strong quarter of double-digit revenue growth in Q2 2022, but the depth, breadth and speed of inflation severely impacted our operating results and lowered profitability,” stated KP Tissue’s Chief Executive Officer, Dino Bianco. “We expect a partial recovery in the third quarter as successive pricing increases begin catching up with the inflationary curve, productivity gains are felt at our Memphis operations, and extensive cost management initiatives take effect. By the end of the fourth quarter, we anticipate a full recovery based on peaked pulp prices and reduced freight rates along with additional pricing adjustments. Consequently, we are highly confident about returning to a normalized margin in the near term.”
Polar® Transit Air - With excellent opaque characteristics, the 3.2 mil (80μ) premium, matte white polymeric self-adhesive PVC Polar® Transit Air is suitable for smooth, flat or simple curve surfaces such as sports arena boards, commercial vehicles and indoor and outdoor display signage. As well as incorporating Drytac’s bubble-free technology for an easy install, it has a removable pressure-sensitive adhesive that allows for field installation in cold weather without the need for wet application techniques. Polar® Smooth 150 Air - This 6-mil (150μ), self-adhesive white polymeric printable matte PVC film with removable bubble-free air egress adhesive technology is designed for graphics that need to be easily installed and removed without the need for lamination. It is suitable for numerous applications such as temporary construction hoardings, point of sale applications, interior décor applications – including the installation of graphics onto windows, walls, melamine and glass – as well as most other flat or simple curve surfaces. Dimensionally stable, Polar® Smooth 150 Air is phthalate-free, can be applied without stretching or tearing, and is cleanly removable. It is coated with a pressure-sensitive, removable aqueous acrylic adhesive protected by a 90# PE coated kraft bubble free release paper.
Darwill, Inc. is a national, integrated marketing company that offers proven direct marketing solutions for companies of all sizes. Founded in 1951, it is a family-run business with a commitment to deliver the highest quality solutions that drive ROI for its customers. Today, Darwill circulates over 500 million pieces of direct mail per year, executing every aspect of a direct mail campaign for companies in nearly every industry. Several years ago, Darwill decided to transform from its roots as a sheet-fed commercial offset printer to using white paper continuous feed inkjet production. Driving this move was the fact that customers were beginning to ask for more sophisticated, personalized direct marketing applications. “We saw that we couldn’t compete efficiently when it came to certain types of direct marketing applications because of the equipment configuration that goes with being a sheet-fed operation. We first looked at possibly getting a web press for these applications and then we decided to go straight to continuous high-speed inkjet because it was the cutting-edge technology and offered what our customers were requesting.” Mark DeBoer – Senior Vice President, Darwill
Kohl’s is making holiday shopping even easier and more efficient this year. New for the 2022 season, Kohl’s Self-Pickup service is now available on eligible Kohls.com orders at all of Kohl’s more than 1,100 stores nationwide, furthering the strength of the Company’s omnichannel foundation. As a part of Kohl’s commitment to an industry-leading shopping experience, the new Self-Pickup service creates a hassle-free In-Store Pickup alternative for a faster pickup, and no lines in sight. With 80% of Americans living within 15 miles of a Kohl’s store, millions of shoppers can now take advantage of this convenience on eligible In-Store Pickup orders. Ready within two hours, shoppers who select “In-Store Pickup” for their online order will receive a “Ready for Pickup” email that will specify if the order will be found in the designated Self-Pickup area. Customers will then be directed to the area within the store for a quick email-guided pickup process. More details at: https://investors.kohls.com/news-releases/news-details/2022/Kohls-Announces-Expansion-of-Self-Pickup-to-All-Stores-Nationwide---Just-in-Time-for-Holiday-Shopping/default.aspx
Mativ Second Quarter 2022 Highlights (reflects legacy SWM results) •Sales increased 13% to $426.4 million; organic sales growth of 11% with strong demand and pricing actions across the business driving top-line gains and offsetting cost increases •GAAP EPS of $0.36, up from $0.06; Adjusted EPS of $0.86, down 4%; Adjusted EBITDA up 1% year-over-year and up 5% sequentially. Neenah Second Quarter 2022 Highlights (not included in Mativ results) •Net sales increased 14% to $306.8 million; organic sales growth was 17%, driven by release liners, water filtration, and industrials and broad strength across the paper and packaging portfolio •GAAP operating income was $17.0 million; Adjusted EBITDA increased 14% to $36.2 million; price increases more than offset higher input costs
Quantum Group, a trusted expert in direct marketing and business communications services has made a major investment in marketing on demand with the purchase of a Landa S10P Nanographic Printing Press. The press, which complements Quantum’s extensive line of digital and offset equipment, will be installed by the end of the year and will enable Quantum to meet increased customer demand. The company, supporting customers in industries such as pharmaceuticals, healthcare, retail, insurance, and more, is seeing a 5-fold growth in personalized mailings since 2018. Along with the equipment investment, Quantum increased its manufacturing footprint by 50% to support this exponential growth. “We are excited to add the Landa S10P to our production fleet,” said Cheryl Kahanec, Quantum Group’s, Chief Executive Officer. “Our customers will be able to more effectively and efficiently communicate to their audiences. With the format size, substrate range, speed and quality, the Landa will expand our current offset and digital platform to ensure successful execution of timely and targeted projects. We look forward to empowering our clients with efficiency, flexibility and quality all while offering increased personalization and decreased speed to market.”
The Postal Service had adjusted loss of $459 million for the quarter, compared to an adjusted loss of $41 million for the same quarter last year. Adjusted loss excludes the impact of the PSRA, retiree health benefits expense, non-cash workers' compensation adjustments for the impacts of actuarial revaluation and discount rate changes, which are outside of management's control, and amortization expenses for the Civil Service Retirement System (CSRS) and the Federal Employee Retirement System (FERS) unfunded liabilities. On a U.S. generally accepted accounting principles (GAAP) basis, the Postal Service had net income of $59.7 billion for the quarter, compared to net loss of $3.0 billion for the same quarter last year, due almost exclusively to the non-cash impact of the PSRA. Marketing Mail revenue increased $324 million, or 9.4 percent, compared to the same quarter last year, on volume growth of 545 million pieces, or 3.5 percent. First-Class Mail revenue was essentially flat, compared to the same quarter last year, despite a volume decline of 620 million pieces, or 5.1 percent. Shipping and Packages revenue decreased $85 million, or 1.1 percent, compared to the same quarter last year, on a volume decline of 92 million pieces, or 5.0 percent, compared to the same quarter last year.
Q2 2022 HIGHLIGHTS * Dotdash Meredith revenue increased 568% year-over-year to $490 million, benefitting from the Meredith acquisition. o Digital revenue was $235 million and Print revenue was $260 million. o Operating loss of $28 million and Adjusted EBITDA of $39 million in Q2 2022. * Angi Inc. revenue increased 23% year-over-year to $516 million, the 7th consecutive quarter of double-digit growth and highest quarterly growth since 2018. o Angi Ads and Leads revenue increased 5% year-over-year, the first quarter of growth since Q2 2021. o Angi Services revenue was $151 million o Monetized Transactions were 4.7 million and Transacting Service Professionals were 220,000. o Operating loss improved to $21 million (compared to a loss of $33 million in Q2 2021) and Adjusted EBITDA improved to a profit of $10 million (compared to a loss of $4 million in Q2 2021).