West coast port strike in Canada disrupts global supply chain

The British Columbia Maritime Employers Association has locked out more than 700 supervisors at ports throughout British Columbia. At the same time, a strike at the Port of Montreal, the biggest port in eastern Canada, continues to cause problems. The strike has already led to partial closures, affecting 40% of the port’s container traffic. Shipping delays could quickly add up, potentially disrupting important international shipments and creating significant economic challenges for global businesses and consumers. The West Coast ports are essential, managing about $576 million in daily trade and serving as a key part of North America’s ports, railroads, and trucking network. However, a long-lasting strike could seriously disrupt this system, causing problems across the supply chain.
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Cyber Monday 2024 becomes highest ecommerce sales day to date

Cyber Monday 2024 results overtook totals from the same day in 2023 to reach the highest U.S. online sales for any day historically, once again beating projections, according to Adobe Analytics data. Adobe Analytics had projected U.S. consumers would spend $13.2 billion online on Cyber Monday 2024, which already would have been a record. Then, consumers exceeded that by $100 million, spending $13.3 billion on Cyber Monday this year. That’s 7.3% more than they spent in 2023.
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Amid EUDR delay, FSC calls for swift action for deforestation-free future

The European Parliament, Council of the European Union (EU), and EU Commission have agreed to a one-year delay in the implementation of the EU Deforestation Regulation (EUDR), amongst other outcomes. This decision underscores the complexity of tackling deforestation and degradation whilst ensuring regulations are both rigorous and enforceable. The Forest Stewardship Council (FSC) remains a staunch supporter of the EUDR’s ambition to create deforestation-free supply chains, in Europe and globally. This delay should not deter immediate action for sustainable forestry. We urge stakeholders to take the tangible steps already available and continue advancing forest stewardship together. FSC’s recommendations: 1. Act as if the EUDR is already in effect 2. Accelerate supply chain traceability 3. Strengthen collaboration with EU authorities 4. Empower smallholders and Indigenous Peoples while collaborating with governments
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Sonoco Completes Acquisition of Eviosys

Sonoco Products Company announced the close of its acquisition of Eviosys, Europe’s leading food cans, ends and closures manufacturer, from KPS Capital Partners, LP. The transaction advances Sonoco’s portfolio transformation strategy to simplify and realign its portfolio and position the Company for long-term growth and value creation. Sonoco announced its intent to acquire Eviosys on June 24, 2024. Following the integration process, Eviosys will transition to the Sonoco brand over the coming months and will operate under Sonoco’s Consumer Packaging segment.
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Metsä Group makes a commitment within the Circular Economy Green Deal

Metsä Group has committed to the Circular Economy Green Deal. In the voluntary national initiative led by the Finnish Ministry of the Environment and the Ministry of Employment and the Economy, actors set targets for 2035 and commit to actions that promote a low-carbon circular economy. We are committed to investing in research and development related to the further processing of our industrial side streams. Our goal is that three significant products or solutions based on Metsä Group’s side streams will be commercialized by 2035. The product or solution can be commercialized either by Metsä Group or by one of our partners, however, in such a way that Metsä Group has played a significant role in the development work. Commercialization in this context means annual sales of at least hundreds of tonnes or equivalent commercial agreements. Our second goal is to reduce our energy production based on the combustion of our side streams so that in 2035 our annual bioenergy production will be 1,000 gigawatt hours less than in 2025.
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PPWR – Important clarifications regarding re-use targets for plastic pallet wrappings

November 27th, the European Parliament approved the revised text of the Packaging and Packaging Waste Regulation (PPWR). It means that the legislative process for the new regulation is soon finalised. What remains is the approval by the Council and then publication in the EU Official Journal by the European Commission. Since the European Parliament in April approved the provisional agreement made with the Council, the text has been on a legal and linguistic revision. One important change in the revision concerns the general obligations for re-use of transport packaging in Article 29 paragraph 1. It has now been clarified that the requirement applies in total and not for each of the listed packaging formats. The obligation on economic operators using transport packaging, or sales packaging used for transportation is that at least 40% in total of the listed packaging types must be reusable within a re-use system from 1 January 2030,.
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Sylvamo to Pay Down Debt With $60 Million Released From Escrow

Sylvamo now has access to $60 million initially put in escrow for disputed goodwill tax deductions in Brazil which it intends to use to pay down debt. The company’s lenders agreed to eliminate the escrow after a Brazilian court ruled in its favor. The ruling—covering two-thirds of the amount disputed in several proceedings—is subject to appeal. Due to the potential liability of the goodwill tax deductions, lenders limited Sylvamo to $90 million in annual cash returns when it became an independent company in 2021. In September 2023, the company made a $60 million escrow deposit to remove the limit in its credit agreement, allowing it to return more than $90 million annually in cash to shareowners through share repurchases and dividends.
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Ahlstrom introduces fiber-based transparent tape backing, an innovative solution to reduce plastics

Ahlstrom, a global leader in fiber-based specialty materials, is proud to announce the launch of MasterTape® Cristal, a paper-based transparent tape backing to reduce plastic waste and promote a more sustainable future. Around 80% of the PSA (pressure-sensitive adhesive) packaging tape used in the world today is made of plastic. Ahlstrom is now introducing MasterTape® Cristal, a revolutionary transparent tape backing made entirely from renewable materials. It is ideal for a wide range of applications, from gift wrapping to packaging and office use, and it offers similar strength and transparency as traditional plastic tape, ensuring no compromise on quality. This innovative tape-backing solution is not only strong and versatile but also recyclable1 and suitable for compostability2, thus reducing plastic waste and environmental impact.
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Mondi and WWF South Africa extend partnership agreement for another three years

Mondi South Africa has announced a significant commitment of over €680,000 (R13 million) towards water stewardship, prolonging its partnership with WWF South Africa for another three years to 2027. This marks the fourth phase of the WWF-Mondi Partnership, which has been in place for over 30 years and is one of the longest-running corporate partnerships of WWF South Africa. The partnership has historically focused on wetland conservation and water stewardship in priority catchments, and it will continue to address the pressing need for water security in South Africa. Mondi South Africa aims to work within its operations to reduce its water footprint, and support water security initiatives beyond our operational boundaries. The partnership brings together multiple stakeholder groups such as government representatives, local communities, NGOs and other private sector organisations.
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U.S. Postal Service Releases 2024 Post-Election Analysis Report

The United States Postal Service released its 2024 Post-Election Analysis Report, outlining the agency's steps to process more than 99.22 million ballots in the 2024 general election. The full report can be read here: 2024 Post-Election Analysis Report. “In 2024, the Postal Service once again admirably performed our role of efficiently and effectively delivering the nation’s ballots,” said Postmaster General Louis DeJoy. “As we continue to transform the nation’s postal network to better meet the demands of the modern mailing and shipping customer, we stand ready to work with policymakers at all levels to make the nation’s effective vote by mail process even stronger.” The Postal Service’s success in 2024 was the result of a deepened focus on operational precision and integrated communications, the engagement of the USPS Election and Government Mail Services team and execution of longstanding, proven operational processes and procedures, including extraordinary measures.
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Deep Dive: When to use Store Drop-Off Recyclable Materials

As many brands have made commitments to using more sustainable packaging, a top priority tends to be shifting to recyclable or compostable packaging where possible. For brands who rely on flexible plastic films for their packaging, this can pose a challenge because of the lack of infrastructure in the U.S. to recycle these films through curbside programs. Given this challenge, companies are left with a few options to shift their packaging to: 1. Curbside-recyclable, fiber-based flexible packaging. 2. Compostable flexible packaging. 3. Rigid plastic packaging that is generally accepted for curbside recyclability. 4. Store drop-off, mono-material PE plastic. In other words, switching to an SDO-eligible film is just one option companies have when considering how to make their plastic film packaging more circular. So, when does it make the most sense to switch to each kind?
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Sun Chemical to Increase Prices for Its Global Pigments Portfolio

Sun Chemical will increase prices for parts of its pigment portfolio, effective January 1, 2025. Due to the rising costs of raw materials and production driven by inflation, along with ongoing efforts to comply with sustainability regulations, production expenses have significantly risen and necessitated the price increase. “While this price adjustment is essential to continue delivering innovative and reliable products in a challenging economic environment, Sun Chemical understands the impact of these changes on our customers,” said Brian Panczyk, President of Color Materials, Sun Chemical. “We will monitor these changing industry costs and work to limit further increases while continuing to maintain the highest quality and service standards for our customers.”
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Domtar’s Commitment to Certification

Domtar is a separate company from APP with its own management structure and governance. Domtar and APP will remain distinct entities, with no operational overlap and independent governance structures. The companies under the Domtar brand have long been among the most supportive champions of the Forest Stewardship Council (FSC). Domtar actively engages with FSC policies, procedures, and practices, consistently seeking opportunities to engage suppliers to source more FSC-certified fiber. Domtar is continuing that engagement directly with FSC International to analyze and understand the implications of the Policy for Association and the Remedy Framework in light of this development. Domtar’s historical commitment to sustainable forest management and responsible fiber sourcing – as previously affirmed by the FSC – and its distinct separation in governance from APP should be considered in regards to its certification. The company remains committed to maintaining and continuously improving the sustainability of its operations while fostering strong collaboration with Indigenous partners and local communities.
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Ahlstrom expands its capabilities within specialty materials for life sciences with the acquisition of ErtelAlsop

Ahlstrom has acquired ErtelAlsop, a New York based manufacturer of high-performance liquid depth filter media serving end-markets in the pharmaceutical, food & beverage, flavors and fragrances, and chemical industries. As a global leader in specialty materials within lab and life sciences applications, the acquisition strengthens Ahlstrom’s position in the life science filtration market and allows Ahlstrom to enter the depth filtration space. It also marks a key milestone on Ahlstrom’s growth transformation journey and its vision to be the sustainable specialty materials company. ErtelAlsop will become part of Ahlstrom's Filtration and Life Sciences business and will be key to the company’s lab and life sciences filtration growth strategy.
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New financial targets and an investment program in North America to be presented at Billerud’s Capital Markets Day

Billerud is hosting a Capital Markets Day in Stockholm, where the updated strategy will be presented. Ahead of this event, the Board of Directors has decided on new long-term financial targets and on strategic investments in North America. Billerud’s updated strategy, “Way Forward”, reflects the company’s ambition to continue to be a leader in high performance paper and packaging materials. It aims to evolve towards paperboard while remaining committed to graphic and specialty paper in Region North America, and to strengthen the performance in Region Europe. “Going forward we will prioritize profitability over growth and drive performance. We will leverage the growing demand for fiber-based packaging and Billerud’s attractive niche positions, strong manufacturing capabilities and flexible production system. Successful delivery on our plans will enable a strong and competitive Billerud. We target to achieve EBITDA of above SEK 6 billion through our strategic initiatives,” says Ivar Vatne, President and CEO of Billerud.
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Irving Paper Again Reduces Operations Temporarily

Irving Paper will once again shut down 50 per cent of its operations beginning Monday December 2nd in response to NB Power’s record high industrial electricity rates, and remain down for at least a week. “NB Power’s continued delays at the Point Lepreau generating station have resulted in electricity rates being over one hundred percent higher than historic levels,” said Mark Mosher, Vice President of Pulp & Paper, J.D. Irving, Limited. “No business can absorb price increases of that level without negative impacts. Irving Paper has shut down or reduced its operations over 30 days so far in 2024, with more expected.” Irving Paper manufactures 400,000 tonnes of paper annually, over 95 per cent of which is exported to 65 countries. Current electricity rates have a massive impact on Irving Paper’s ability to compete.
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UPM Raflatac announces further progress towards Ellen MacArthur Foundation’s New Plastics Economy Global Commitment

UPM Raflatac has made further progress towards a more circular economy for plastics and a future beyond fossils during 2023. The progress towards the 2025 commitments is detailed in the New Plastics Economy Global Commitment 2024 Progress Report by the Ellen MacArthur Foundation and the UN Environment Programme (UNEP). UPM Raflatac joined the Global Commitment as the first label materials company in October 2018. “As a global partner for sustainable material solutions, the Global Commitment is an important framework for us to transparently showcase our actions in tackling plastic waste and pollution. Through developing our product and service offer, our pledge is to help companies and brand-owners increase the circularity of their packaging,” says Robert Taylor, Sustainability Director, UPM Raflatac.
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PRC Provides Hearing Attendance and Viewing Information for Operational and Service Standard Changes Related to the Delivering for America Plan

The Postal Regulatory Commission will conduct a hearing at PRC offices on December 4, 2024, at 10 am regarding planned changes to the Postal Service’s processing and transportation networks. Docket No. N2024-1. The hearing will also be streamed for persons interested in remote viewing of the hearing. Information on attending the hearing and registration deadlines, is provided below and in the Commission’s filing at: https://prc.arkcase.com/api/prc-dockets/filing/downloadFile?fileId=226594&inline=true In-person attendance: 901 New York Avenue, Suite 200. Washington, DC 20236. Remote viewing: www.youtube.com/@thepostalregulatorycommiss9709. Reporters and media outlets should rsvp to Gail Adams at: gail.adams@prc.gov. Registration deadline: The deadline to register for attendance is December 2, 2024.
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Amcor and Kolon Industries partner to pioneer more sustainable polyester materials for packaging

Amcor has signed a strategic collaboration agreement with Kolon Industries Inc., a leading South Korean chemical materials manufacturer, to co-develop and commercialize more sustainable polyester materials for selected applications in Amcor's flexible packaging business. This partnership represents a step forward in advancing packaging sustainability, combining Amcor's expertise in innovative packaging with Kolon’s high-polymer manufacturing technology. The collaboration focuses on technological exploration of chemically recycled PET (crPET) and polyethylene furanoate (PEF) materials. Kolon is pioneering an advanced recycling process to produce new PET from post-consumer bottles, fibers and flexible packaging. Using crPET supports Amcor’s commitment to integrating 30% post-consumer recycled (PCR) materials by 2030.
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Trioworld achieves the highest sustainability rating from EcoVadis for the fourth consecutive year

Trioworld is a leading producer of innovative, high-performance plastic packaging solutions in Europe and North America. The Platinum rating places Trioworld in the top 1% of companies globally in business sustainability assessments. “I am again truly honoured by this fourth consecutive EcoVadis Platinum medal”, says Andreas Malmberg, CEO of Trioworld Group. “The EcoVadis Platinum medal helps us to provide our stakeholders with a deeper understanding of our ambitious ESG practices. This Platinum rating really highlights our dedicated work to achieve sustainable value chains in our industry on the journey towards a circular economy for plastics,” says Andreas Malmberg.
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New financial targets and an investment program in North America to be presented at Billerud’s Capital Markets Day

Billerud is hosting a Capital Markets Day in Stockholm, where the updated strategy will be presented. Ahead of this event, the Board of Directors has decided on new long-term financial targets and on strategic investments in North America. Billerud’s updated strategy, “Way Forward”, reflects the company’s ambition to continue to be a leader in high performance paper and packaging materials. It aims to evolve towards paperboard while remaining committed to graphic and specialty paper in Region North America, and to strengthen the performance in Region Europe.
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URBN Reports Record Q3 Sales and Earnings

Urban Outfitters, Inc. announced record third quarter net income of $102.9 million and earnings per diluted share of $1.10 for the three months ended October 31, 2024. For the nine months ended October 31, 2024, net income was $282.2 million and earnings per diluted share were $2.99. Total Company net sales for the three months ended October 31, 2024, increased 6.3% to a record $1.36 billion. Total Retail segment net sales increased 3.2%, with comparable Retail segment net sales increasing 1.5%. The increase in Retail segment comparable net sales was driven by low single-digit positive growth in both digital channel sales and retail store sales. Comparable Retail segment net sales increased 5.8% at Anthropologie and 5.3% at Free People and decreased 8.9% at Urban Outfitters. Nuuly segment net sales increased by 48.4% primarily driven by a 51% increase in average active subscribers in the current quarter versus the prior year quarter.
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Nordstrom Reports Third Quarter 2024 Earnings

Nordstrom, Inc. reported third quarter net earnings of $46 million, or earnings per diluted share of $0.27, and earnings before interest and taxes of $83 million. Excluding a charge related to accelerated technology depreciation, the Company reported adjusted EBIT of $97 million and adjusted EPS of $0.33.[1] For the third quarter ended November 2, 2024, net sales increased 4.6 percent versus the same period in fiscal 2023, and total Company comparable sales increased 4.0 percent. Gross merchandise value increased 5.3 percent. Anniversary Sale timing, with one week shifting from the third quarter to the second quarter, had a negative impact of approximately 100 basis points on net sales compared with 2023. During the quarter, Nordstrom banner net sales increased 1.3 percent and comparable sales increased 4.0 percent. Net sales for Nordstrom Rack increased 10.6 percent and comparable sales increased 3.9 percent. "The continued sales growth across the company and strong gross margin in the third quarter indicate our team's focus and efforts are working," said Erik Nordstrom, chief executive officer of Nordstrom, Inc. "Our customers have a lot of choices, and our results give us encouragement that we're on the right path. Looking ahead, we'll continue to improve our shopping experience as we strive to maintain the positive momentum we've worked towards all year."
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AAP September 2024 StatShot Report

The Association of American Publishers (AAP) released its StatShot report for September 2024 reflecting reported revenue for Trade (Consumer Books), Religious Presses, Higher Education Course Materials, and Professional Publishing. Total revenues across all categories for September 2024 were up 2.4% as compared to September 2023, coming in at $1.5 billion. Year-to-date revenues were up 7.0%, at $10.8 billion for the first nine months of the year. Trade (Consumer Books) revenues were roughly flat in September, down 0.9% at $911.5 million. In terms of physical paper format revenues during the month of September, in the Trade (Consumer Books) category, Hardback revenues were up 3.2%, coming in at $400.1 million; Paperbacks were down 12.6%, with $263.2 million in revenue; Mass Market was down 22.1% to $9.1 million; and Special Bindings were down 1.0%, with $27.2 million in revenue. eBook revenues were up 4.0% for the month as compared to September 2023 for a total of $90.5 million, and the Digital Audio format was up 28.1% for September, coming in at $89.7 million in revenue. Physical Audio was down 51.1% coming in at $800 thousand.
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FSC takes action against a producer of repeated false claims

FSC has extended the blockage period of a Chinese bamboo plywood manufacturer by 1.5 years for repeatedly making false claims on large volumes of bamboo plywood. Despite being blocked by FSC in 2022 for making false claims, FSC found evidence that the company recertified itself under a different name. The company did not disclose its certification history to the new certification body and continued to make false claims on its products despite being blocked by FSC. The company has certified itself under the following names: Zhejiang Anji Double Tiger Bamboo & Wood Industry Co., Ltd. (referred to as Anji Double Tiger); Zhejiang Anji Shuanghu Bamboo & Wood Industry Co., Ltd. (referred to as Anji Shuanghu). FSC considers the actions and intentions of Anji Double Tiger (and Anji Shuanghu) to be a serious threat to the integrity of the FSC system. Thus, in accordance with FSC’s Advice Note 18 (FSC-ADVICE-40-004-18 V2-0), FSC has blocked the company till July 2027.
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Metsä Board introduces QR code with recycling information for all its delivery packaging materials

Metsä Board, the leading European producer of premium fresh fibre paperboards, has launched a new solution to enhance and simplify the recycling process for packaging materials customers receive as part of Metsä Board product deliveries. Metsä Board has introduced QR codes on the pallet and reel labels of its products for all volumes delivered to its customers. The QR code directs customers to an intuitive app that provides detailed information on the various packaging materials used to protect the paperboard during the logistics chain. This information will assist customers in determining how each component of the delivery’s packaging should be recycled. By providing accessible and clear recycling information, the company aims to make it as easy as possible for customers to sort and recycle all the materials they receive with the product deliveries.
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Building a Future of Sustainability and Innovation at Domtar

Earlier this week, the European Commission issued a public notification that it had received notice of the proposed transfer of ownership of Asia Pulp & Paper Group (“APP”) to Jackson Wijaya, the founder and sole owner of Domtar. This transfer, once completed, will be the outcome of normal course succession planning by Jackson Wijaya’s father, Oei Tjie Goan, which is particularly prevalent among families of Indonesian and other Southeast Asian entrepreneurs, like the Wijayas. As is well known, Jackson Wijaya comes from an entrepreneurial family, spanning generations. Jackson decided to follow the family tradition of launching his own independent business. Having attended the University of Michigan, Jackson was familiar with North America and felt that it was the right place to branch out on his own, founding what is now known as Domtar. Fast-forward several years, under Jackson’s ownership the company has grown from a few assets to an institution with a significant presence in Canada and the United States, as well as operations in France and Brazil.
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Lecta announces the spin-off of its self-adhesive business

Lecta has announced the spin-off of its Self-Adhesives business unit from Torraspapel S.A.U. This spin-off will be effective as of January 1, 2025. It entails ​the creation of the new company Lecta Self-Adhesives España, S.L.U., which will take over all activities, agreements and commercial relationships relating to the Lecta's self-adhesives business, including all its self-adhesive products. This strategic decision reflects Lecta's transformation and specialization of the Lecta Group that has taken place in recent years, which already envisaged the spin-off of its distribution business in Southern Europe and is now focused on its self-adhesive materials unit. With this new structure, Lecta seeks to optimize the management and profitability of the business through specialization, increase production efficiency and analyze and adapt the opportunities of each business unit to market demands and the needs of its customers.
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Berry Global Announces Agreement to Sell Specialty Tapes Business to Nautic Partners

Berry Global Group, Inc., announced it has entered into a definitive agreement to sell its Specialty Tapes business to the private equity firm Nautic Partners, LLC for a headline purchase price of approximately $540 million, which is subject to a number of closing adjustments. The Tapes business is a franchise highly valued by its industrial customers. As a result, this separation is aligned with Berry’s broader strategy to transition the portfolio towards more consistent, higher growth consumer-oriented end markets and platforms. Berry CEO, Kevin Kwilinski, said, “Over the past year, Berry has undergone a significant transformation, completing the spin-off of our HHNF business, enhancing our product mix and optimizing our portfolio. The sale of Tapes further supports these efforts and the continued focus on our high-growth consumer portfolio.”
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U.S. Postal Service Provides Update On Peak Holiday Season Preparations and Readiness

The United States Postal Service is primed and ready to deliver exceptional service during the 2024 holiday rush thanks in large part to the investments and strategies identified in its 10-year Delivering for America plan. Today, the Postal Service provided updates on its peak holiday season preparations, as well as its readiness to deliver another successful holiday season of extraordinary service. “Thanks to the substantial progress we have made under the Delivering for America plan, we are ready and confident to handle the holiday surge,” said USPS Chief Retail and Delivery Officer and Executive Vice President Dr. Joshua Colin. “Our ability to move packages and mail throughout our network has never been stronger. USPS continues to be the most affordable and reliable way to ship packages and mail this holiday season and year-round.”
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Survey: Retailers report strong economic health

Despite an uncertain economic landscape, the overwhelming majority of retailers are feeling positive about their current business health. That’s according to a new third-quarter survey from cash-back partner Upside, which reveals that of 1,806 retailers across 10 categories, 61% say their current outlook is “excellent,” a 14-point increase over the first quarter of this year. In all, 96% of respondents feel positively about the current state of their business, which is up by eight percentage points over the first quarter, when 92% felt positively about current business health. Upside’s survey found that with increased optimism, retailers are looking to expand their brick-and-mortar presence. The number of retailers focused on opening new stores has increased by seven points, from 19% a year ago to 26% today.
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Costco to Keep Book Sections in 100 Outlets Year-Round

After word spread this spring that Costco was planning to implement a "holiday season model," selling books only in the final three months of the year starting in 2025, various sources now say the mass merchandiser has committed to keeping bookstore sections year-round in 100 of its more than 600 locations. The remaining stores will move to the September-December bookselling model, and publishers will also have the opportunity to sell promotional pallets in stores. Costco had no comment on the report. While overall sales to Costco will almost certainly decline, the news still comes as a relief to publishers. Costco, along with other mass merchandisers such has Walmart and Target, has become an important bricks-and-mortar outlet for print books. Not only do they have the capability of selling tens-of thousands copies of a title, but they serve as important places for consumers to discover new titles not typically sold in other stores and which can be difficult to find online.
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Power Hungry: The Increasing Environmental Burden of Electronic Communications

Electronic communication is often presented as a “green” alternative to paper. Emails, cloud storage, or online bill payment and account management offer quick, cheap, and efficient options to paper-based communication and record-keeping, but the high environmental costs of the ever-expanding digital infrastructure are becoming harder to ignore, with its rising energy consumption and significant use of resources like rare-earth minerals and water. It’s essential to explore the overlooked environmental consequences of electronic communication and to understand the true sustainability of digital solutions versus paper-based alternatives. The push for digital communications, data storage, and other trends have led to enormous server farms that run 24/7, consuming staggering amounts of electricity. For example, a report in The Times (UK) revealed that the water consumption required for ChatGPT is four times higher than previously estimated. Additionally, tech giants like Google and Amazon seek new energy sources, including nuclear, to power their data centers. These centers are critical to electronic communication and data storage and now account for a significant portion of global electricity consumption.
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MSU School of Packaging completes $10 million renovation, spotlights faculty

The MSU School of Packaging in East Lansing, MI, established within the College of Agriculture and Natural Resources as the first of its kind in 1952, is the largest packaging program in the US, with more than 600 students each year and 10,000 alumni worldwide – graduating 40% of all the packaging professionals in the United States. Under the leadership of former School of Packaging director, and current CANR Interim Dean Matthew Daum, the school completed a comprehensive renovation supported by donations totaling over $10 million in April of 2023. Formal planning is currently underway for a second major expansion – a $25 million investment that will double the size of the building and significantly increase research capacity, creating space for more faculty and graduate students. “The School of Packaging has established itself as a model of success, and our outstanding faculty’s work supports the global packaging industry and improves lives,” Daum says. “We’re successful here because we attract top-tier faculty, whose curiosity and dedication fuel long-term solutions in areas like sustainability, profitability and environmental impact.” 
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Provincial Government Extends Agreement with Corner Brook Pulp and Paper Limited

The Government of Newfoundland and Labrador today announced that an agreement has been extended between Newfoundland and Labrador Hydro (Hydro) and Corner Brook Pulp and Paper Limited. The extended agreement, which became effective on October 1 for a period of six months, includes Hydro purchasing excess green energy from Corner Brook Pulp and Paper’s Deer Lake Power assets. In turn, Corner Brook Pulp and Paper will continue its efforts to identify new revenue sources from viable wood-based projects in order to unlock Newfoundland and Labrador’s high forest potential while further stabilizing the mill’s sustainability and future. The agreement between Hydro and Corner Brook Pulp and Paper for energy generated from Corner Brook Pulp and Paper’s existing power generation facilities will provide flexibility for Hydro to draw upon when needed, particularly during winter months. There is no impact on the ratepayer as a result of the agreement.
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Drytac expands availability of Polar Smooth 150 Air to customers around the world

Drytac, the leading international manufacturer of self-adhesive materials for the large-format print and signage markets, is delighted to announce the global availability of Polar Smooth 150 Air. Suitable for both indoor and outdoor use on most surfaces including painted walls, melamine, glass and many other flat or simple curve surfaces, Polar Smooth 150 Air is the ideal solution for applications spanning interior décor, wall and window graphics, decals and stickers, point of sale, and construction hoardings and barriers. At 6 mil (150µ) thick, Polar Smooth 150 Air ensures an easier installation compared to thinner alternatives. This thickness provides added convenience, particularly for users looking to avoid lamination or seeking a simpler installation process. The film is available in both permanent and removable options.
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Potential changes in the EU ETS scheme for Norwegian mills in 2026-2030

The Norwegian Environment Agency has given prior notice of a potential decision to exclude Norske Skog Skogn and Norske Skog Saugbrugs from participation in the European Union Emission Trading System (EU ETS) in the period from 2026 to 2030, with the effect that the mills do not receive free allocation of European Union Allowances (EUAs) in the period. "This is a significant setback for sustainable industry and very disappointing for everyone that has invested and prioritised a transition from fossil fuels to renewable energy. Implementation of the revised biomass qualification criterion will incentivise installations to continue or even increase their use of fossil fuels. Together with industry partners and stakeholders, we will work towards biomass being treated on equal basis to other decarbonisation measures. On the positive side, we see positive political development for CO2 compensation being reintroduced in Austria, which would neutralize the effects of exclusion from free allocation of EUAs in Norway", says CEO Geir Drangsland.
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Macy’s, Inc. Reports Preliminary Third Quarter 2024 Results

“We delivered third quarter sales in line with expectations as we continued to make traction on our Bold New Chapter strategy initiatives,” said Tony Spring, chairman and chief executive officer of Macy’s, Inc. “Our Macy's First 50 locations achieved their third consecutive quarter of comparable sales growth. At the same time, our luxury brands, Bloomingdale's and Bluemercury, reported positive comparable sales. Importantly, November comparable sales are trending ahead of third quarter levels across nameplates.” Macy’s, Inc. net sales decreased 2.4% to $4.742 billion, with comparable sales down 2.4% on an owned basis and down 1.3% on an owned-plus-licensed-plus-marketplace basis. Sales growth at Macy’s First 50 locations, Bloomingdale’s, and Bluemercury was offset primarily by weakness in Macy’s other non-First 50 locations as well as its digital channel and cold weather categories. Macy’s, Inc. go-forward business 1 comparable sales were down 2.0% on an owned basis and down 0.9% on an owned-plus-licensed-plus-marketplace basis.
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Amcor partners with Kraft Heinz to deliver 78,000 boxes of Kraft Mac & Cheese to families in need

As the U.S. Thanksgiving holiday approaches, Amcor is proud to partner with our longstanding customer Kraft Heinz in delivering more than 78,000 boxes of Kraft Mac & Cheese to food banks across the United States. This effort aims to meet the heightened demand many communities face during this season of giving, and provide support to households facing food insecurity. Among the recipient communities is Asheville, North Carolina, where recovery efforts continue following the impact of Hurricane Helene. For more than 50 years, Amcor and Kraft Heinz have closely collaborated to produce a wide range of innovative packaging solutions, including flexible packaging and rigid containers for popular products including condiments, sauces and ready-to-eat meals.
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Port Worker Strike Concerns Reignite

Union leaders have cut off negotiations for a new contract for port workers on the East and Gulf Coasts over automation concerns, a development that comes with less than two months to go before the docksiders say they’ll again strike if a fresh six-year deal for them isn’t inked. It’s a notable development for the promotional products market, which imports the vast majority of products it sells in North America on ships that bring goods from Asia and other parts of the world. A lengthy strike on the East and Gulf Coasts could seriously snarl the supply chain of the promo products industry and other sectors.
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Irving Tissue announces $600 million expansion project in Macon, Georgia

As Irving Tissue celebrated its fifth anniversary in Macon, Georgia today, company President Robert K. Irving unveiled its latest expansion project. He was joined by Pat Wilson, Commissioner of the Georgia Department of Economic Development (GDEcD) and Robert E. Fountain, Jr Board Chair, Macon-Bibb County Industrial Authority (MBCIA). “I am very pleased to announce our Phase 3 expansion at Irving Tissue Macon. The $600 million (USD) investment will add another 100 jobs and include a third ThruAir Dry paper making machine, additional converting lines, and a new fully automated warehouse,” said Mr. Irving. “It’s another great day for our employees, customers, Irving Tissue, and J.D. Irving. On top of the growth in Macon, this investment will also provide growth in our home region of the northeast – Maine and New Brunswick. Pulp will be supplied from our pulp mill in Saint John, which in turn is supplied from the six million acres we sustainably own or manage. Our fully integrated value chain ensures certainty of supply, exceptional service, and quality, as well as sustainable products for our customers,” said Mr. Irving who is also Co-CEO of J.D. Irving, Limited.
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Walmart and the National Fish and Wildlife Foundation Announce 10-Year Renewal of the Acres for America Program

Walmart and the National Fish and Wildlife Foundation (NFWF) today announced a 10-year, $34.5 million renewal of the historic Acres for America conservation program. This new commitment from Walmart, combined with previous contributions, represents the largest corporate donation to NFWF since the Foundation’s creation by Congress in 1984, for a total of more than $100 million since the program began. Acres for America began in 2005, when Walmart U.S. made its first commitment of $34.5 million to NFWF to fund the conservation of one acre of wildlife habitat for every acre of land developed in the United States — estimated to be approximately 138,000 at the time. Over its 20-year history, Acres for America has far surpassed that goal, with more than 2 million acres of wildlife habitat protected — an area greater in size than the combined land area of Rhode Island and Delaware.
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Canada’s Valsoft Acquires Edelweiss, Expanding Role in Publishing

Montreal-based software company Valsoft Corporation has acquired Above the Treeline, Inc., developer of the digital platform Edelweiss, marking its second major investment in publishing industry software following its majority stake purchase in Klopotek in August 2023. Edelweiss hosts 95% of U.S. frontlist titles and serves as a central workflow hub focusing on frontlist and backlist sales management, as well as analytics, workflow tools, and other related activities for publishers, booksellers, and librarians. It is, along with Netgalley, the major platform for digital review copies. It serves some 1,200 companies and has 250,000 users.
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Postmedia Reports Fourth Quarter Results

“While we continue to operate in a challenging advertising marketplace dominated by large, foreign media platforms, Postmedia achieved some important milestones during the quarter that give us optimism around the future of Canadian news media. It is clear from our digital audience that Canadians look to us to provide accurate and timely local, provincial, and national news,” said Andrew MacLeod, President and CEO. “We are appreciative of the Ontario government’s recent policy change to support local media in Ontario. We hope to see similar initiatives from governments and corporate Canada. We are encouraged by the successful completion of the C-18 negotiations and look forward to the release of funding. The improving environment gave us confidence to both step into a challenging situation in Atlantic Canada and save local news brands that have operated in those provinces for over 150 years and to invest millions of dollars in a new digital platform with improved capabilities.
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FSC partners with the European Space Agency and joins new Bioeconomy Task Force

The Forest Stewardship Council (FSC), the world's most credible sustainable forestry solution, is now looking toward outer space as a part of the European Space Agency (ESA) 's new Bioeconomy Task Force, including its working group on sustainable forestry. The initiative, led by ESA's Business Applications and Space Solutions programme, will bring together private, public, and non-profit industry leaders to advance sustainability across Europe and beyond. Space-based technology offers exciting opportunities for the future of sustainable forestry. It can help FSC measure ecosystem services – carbon storage, biodiversity health, and other benefits forests provide – to support Verified Impact claims for forest managers. Ben White, Ecosystem Services Technology Officer for FSC Investment & Partnerships, says, "We can leverage this resource to ensure sustainable practices, help meet regulatory requirements, and improve integrity and transparency. This is especially important in the face of increasing regulatory expectations, like the EU Regulation on Deforestation-free Products (EUDR), which will require more verifiable data on forest health from companies bringing products into the EU."
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Senate Passes Credentialing Reform Bill Championed by ATA

“After years of paying the price for an inefficient credentialing system, relief is finally within sight for truck drivers and other essential transportation workers who keep our supply chain running. The Senate’s passage of the Transportation Security Screening Modernization Act is a victory for commonsense and puts us on the verge of eliminating unnecessary bureaucratic hurdles imposed by the federal government that waste time and money,” said ATA President & CEO Chris Spear. “By streamlining the administration of these important programs, this bipartisan legislation will make it easier and less costly for hardworking Americans to obtain the credentials they need to do their jobs. We commend the Members of Congress who authored this bipartisan bill to support truckers, and we look forward to working with them to ensure this bill becomes law by the end of this year.”
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Coveris Announces Major Investment in Technical Films Capacity

Coveris, a leading European packaging manufacturer, announces new investment at its polyethylene extrusion facility in Winsford, Cheshire. As Coveris’ UK centre of excellence for high-performance technical barrier and stretch films, the Winsford site continues to expand its capabilities in the development of sustainable, recyclable films in alignment with the company’s 'No Waste' strategy. This extensive upgrade includes an additional state-of-the-art nine-layer blown extrusion line for technical EVOH barrier films, a new cast stretch extrusion line – introducing new technology to Coveris Winsford – and an onsite 5,000-pallet space warehouse. Each of these investments enhances the site’s capacity to meet industry demand for sustainable, high-quality packaging materials. The newly operational nine-layer blown extrusion line positions Coveris as the UK’s largest producer of polyethylene EVOH barrier films.
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Direct Mail Marketing To Millennials (piworld.com)

Marketers are really starting to look at how millennials respond to marketing. In a recent study conducted by DigitasLBi, Razorfish, Tumblr, and Yahoo, millennials will have a cumulative $1.4 trillion in spending power by 2020. Therefore marketers need to be paying attention to this group of people. Since they are known as digital natives many people have felt that direct mail was not a good way to reach them. However, this has shown itself to be untrue, millennials like getting mail. How can direct mail appeal to millennials? Authenticity: All the messaging and imagery on your direct mail pieces need to be authentic and in sync with your brand. Accessibility: How easy is it for someone to reach you? How many ways to respond to your direct mail are there? Human Appeal: Create a sense of connection with each individual with not only personalization but through emotion. Social Awareness: Show case all the good things your company is doing for social causes. Technology: Since this group is very digital savvy, make sure that you are including technology in your direct mail.
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Ahlstrom rated among the top one percent of companies in the EcoVadis sustainability assessment

Ahlstrom, a global leader in fiber-based specialty materials, has been awarded a Platinum Medal, the highest recognition level, in the EcoVadis sustainability assessment, ranking Ahlstrom among the top one percent of companies evaluated over the past 12 months. The platinum score is based on the company’s sustainability performance in four categories: Environment, Labour and Human Rights, Ethics, and Sustainable Procurement. “We are very proud of this recognition. Through our safe and sustainable solutions and commitment to continuous improvement—highlighted by our newly validated Science-Based Targets and membership in the WBCSD—we are well-positioned to support our customers in achieving their sustainability ambitions.
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Despite EUDR uncertainties, FSC remains committed to forests

FSC strongly endorses the EUDR and its mission to drive deforestation-free supply chains in Europe and globally. Our missions are mutually reinforcing, and we have been actively supporting companies in preparing for compliance, developing tailored solutions to ease the transition, and getting ready to support EUDR implementation. Regardless of the final agreement among the EU Institutions, we remain steadfast in our commitment to resilient, thriving forests and forest communities. This is why FSC Aligned for EUDR – a set of solutions that FSC Certificate Holders can use to support compliance – has FSC Certification at the core. Our standards not only prevent deforestation but offers the strongest social and environmental safeguards for working forests, actively protecting biodiversity and the rights of Indigenous Peoples. Any company, anywhere in the supply chain, who chooses FSC also chooses the highest standards for forest stewardship, no matter where the product is traded.
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ATA Urges Truck Manufacturers to Partner with Industry on Emissions Goals

American Trucking Associations President and CEO Chris Spear called upon the nation’s heavy-duty truck and engine manufacturers to abandon their agreement with California regulators to abide by the state’s increasingly untenable and unachievable zero-emission vehicle regulations. “By strong-arming our industry into unachievable targets and timelines void of operational and economic reality, the California Air Resources Board’s mad dash to zero has set our industry up for failure, sowing the seeds of another supply chain crisis,” Spear wrote in a letter to the nation’s truck and engine makers. “California’s ideological approach has cratered the truck market; sales are down by over 50 percent compared to last year. Availability of California-certified diesel engines are hard to come by and expensive, rationed due to zero-emission truck sales requirements.”
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Amcor Capsules wins two Green Innovation Awards at SIMEI 2024

The Green Innovation Awards, held at SIMEI's 30th edition in Milan, recognized Amcor Capsules’ business for its innovative products advancing packaging in the wine and spirits sector: *ESSENTIELLE, the industry's first plastic-free aluminum and paper sparkling foil. By replacing plastic with paper, the carbon footprint of this product is 31%* lower compared to standard complex foils, while the aluminum component is designed to be recycle-ready. *STELVIN® Goes Greener was recognized for achieving up to a 35%** reduction in carbon emissions compared to a standard screw cap produced with European aluminum sheets by incorporating up to 46%*** recycled and low-carbon primary aluminum.****
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Green Bay Packaging Achieves Green Master Status for 15th Consecutive Year

The Wisconsin Sustainable Business Council has recognized Green Bay Packaging Inc. at the Green Master level within its Green Masters Program®. Recognizing Wisconsin businesses that are prioritizing sustainability, the Green Masters Program® categorizes participants into four status levels that reflect the degree to which sustainability has been integrated into their business model: Adapting, Advancing, Maturing, and Green Master. Green Master status signifies that an organization has identified and is effectively managing its material sustainability issues and performance related to those issues, takes a comprehensive approach to sustainability, and is actively leading the transformation to a more sustainable society. Green Bay Packaging (GBP) continues to lead in sustainability, propelled by innovative initiatives and cutting-edge technology, consistently pushing the frontiers of environmental stewardship. At GBP’s Wisconsin 100% recycled paper mill, a biogas generator for increasing onsite renewable electricity was installed to further decarbonization. Company-wide, GBP grows trees on more than 250,000 acres of sustainably managed forests, reinforcing the commitment to sustainable forest practices with benefits to environment and communities. GBP continues its zero waste to landfill initiative, with 99% landfill diversion across paper converting, folding carton, coated products (Green Bay) and lumber operations.
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Easysnap Technology and Fedrigoni joined forces for Packaging Innovation

The collaboration between Fedrigoni, Easysnap Technology, and Mars Food & Nutrition’s product brand, MasterFoods, marks a significant leap forward in sustainable packaging solutions. Together, we have developed Papersnap®, a fully recyclable, paper-based squeeze-on tomato sauce pack that meets consumer demands for eco-designed, convenient, and high-quality products. The innovative packaging design of Papersnap® ensures the freshness and flavor of MasterFoods’ Australian-made tomato sauce, crafted from sun-ripened tomatoes and select spices without artificial additives. Featuring a user-friendly design that enables one-handed use—simply press, fold, and squeeze to savor every drop in a clean, contactless manner—the partnership behind Papersnap® demonstrates how brands can join forces to minimize plastic waste while meeting the changing expectations of consumers. The global shift from plastic to paper is reshaping packaging and materials design, aiming to reduce single-use plastic and pave the way for more responsible production. This transition has become a key initiative for brands and industries looking to minimize their environmental footprint without sacrificing quality or functionality.
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ATA Truck Tonnage Index Rose 1.2% in October

“The slow, and choppy, climb off of the bottom continued in October,” said ATA Chief Economist Bob Costello. “Since hitting a low in January of this year, tonnage is up a total of 3%, plus the index is up sequentially in three of the last four months. No doubt the freight market has improved – albeit slowly – over the course of the year.” In October, the ATA advanced seasonally adjusted For-Hire Truck Tonnage Index equaled 114.6 compared with 113.3 in September. The index, which is based on 2015 as 100, equaled the reading from the same month last year. The not seasonally adjusted index, which calculates raw changes in tonnage hauled equaled 121.3 in October, 8.6% above September. The seasonally adjusted increase follows a decline in September, which was revised up slightly from the October 22 press release.
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US Postal Service Suggests New Prices for 2025

The United States Postal Service (USPS) has announced a proposal for new postage rates set to take effect in early 2025, citing the need to stay competitive and increase revenue. If approved, the change would raise Shipping Services prices by approximately 3.2 percent for Priority Mail service and Priority Mail Express service, 3.9 percent for USPS Ground Advantage, and 9.2 percent for Parcel Select, according to the announcement on the service's website. The proposed pricing action is part of "Delivering for America," the agency's 10-year plan for "achieving financial sustainability and service excellence."
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CJK Group Propels Sheridan to New Heights with Strategic Rebranding of Kodi Collective

CJK Group, the parent company of Sheridan and Kodi Collective, has announced the realization of its strategic vision for their February 2024 acquisition of Kodi: bringing Kodi’s three offset print facilities into the Sheridan family. This tactical move marks a significant milestone in the evolution of Sheridan, industry leader in print and publishing services for book, journal, and magazine publishers, as well as catalogers. The addition of Kodi’s three high-performing print facilities to Sheridan’s nine state-of-the-art production sites positions the company to redefine excellence in the print industry. As Sheridan continues to expand its footprint through this powerful integration, the company strengthens its already stellar reputation in its marketplaces, enhancing the breadth and scope of its service offerings and extending its hallmark Sheridan Experience to current and future clients. That experience underscores Sheridan’s well-known commitment to innovation and unwavering dedication to ensuring that every client interaction is characterized by exceptional service and tailored solutions.
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Walmart Reports Third Quarter Results

Walmart Inc. announces third-quarter results with strong growth in revenue and operating income. Globally, eCommerce grew 27% with penetration up across all segments. Walmart U.S. comp sales up 5.3%2 with positive growth in general merchandise. Looking ahead, the Company raises its guidance for FY25 with net sales expected to grow 4.8% to 5.1% and adjusted operating income to grow 8.5% to 9.25% in constant currency (“cc”)1. “We had a strong quarter, continuing our momentum. Our associates are working hard to save people time and money and to transform our business. In the U.S., in-store volumes grew, pickup from store grew faster, and delivery from store grew even faster than that. Our teams are executing and delighting our customers and members with the value and convenience they expect from Walmart.” Doug McMillon President and CEO, Walmart.
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Barnes & Noble announces the sale of Sterling Publishing to Hachette Book Group

Barnes & Noble announces the sale of Sterling Publishing Co. Inc. to Hachette Book Group. The publisher was acquired by Barnes & Noble in 2003 and now includes adult imprints Union Square & Co., Puzzlewright Press, Sterling Ethos and Spark Notes, as well the children’s imprints Union Square Kids and Boxer Books; and the gift and stationery publishers Knock Knock and Em & Friends. It is the publisher of New York Times bestselling author/illustrator Mo Willems, recent New York Times bestselling authors Caroline Chambers and Dan Pelosi, and acclaimed authors Melissa Blair, L.S. Stratton, and Dusti Bowling, among others, as well as a dynamic program of literary classics. Sterling has been led by Emily Meehan since 2021 who oversaw the rebranding in January 2022 to Union Square & Co., influenced by its New York City’s Union Square Park headquarters. The company will remain under the leadership of Emily, who will report into Ben Sevier, President and Publisher of the Grand Central Publishing Group, a division of Hachette Book Group. All Sterling Publishing Co. Inc.’s staff, publishing assets and trademarks will transfer to Hachette Book Group.
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Revised PEFC Sustainable Forest Management benchmark standard approved

In an important step towards ensuring the raw materials coming out of a PEFC-certified forest comply with EUDR requirements, the revised PEFC Sustainable Forest Management benchmark standard was approved by the PEFC General Assembly on Wednesday 13 November 2024. This revised standard, PEFC ST 1003:2024, comprises several new and amended requirements that will enable EUDR alignment for PEFC-certified material coming directly from a PEFC-certified forest. This marks an important step in our PEFC roadmap to EUDR alignment.
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Amcor and Berry to combine in all-stock transaction creating a global leader in consumer, healthcare packaging solutions

Berry shareholders will receive a fixed exchange ratio of 7.25 Amcor shares for each Berry share held upon closing, resulting in Amcor and Berry shareholders owning approximately 63% and 37% of the combined company, respectively. The transaction has received unanimous approval of the boards of directors of both Amcor and Berry and values Berry’s common stock at $73.59 per share. The combination brings together two highly complementary businesses to create a global leader in consumer packaging solutions, with a broader flexible film and converted film offering for customers, a scaled containers and closures business and a unique global healthcare portfolio. The combined company will have unprecedented innovation capabilities and scale, and be uniquely positioned to accelerate growth, solve customers’ and consumers’ sustainability needs, unlock portfolio transformation and deliver significant value to both sets of shareholders.
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Modernising for the future: Metsä Board drives forward with major upgrades to Simpele mill

Known for producing the high-quality and lightweight MetsäBoard Classic FBB product, the Simpele mill will undergo significant upgrades in the second half of 2025, further solidifying the company’s position as the leading choice for premium food and healthcare packaging. Valued at approximately EUR 60 million, the investment includes the modernisation of the pre-drying section and the installation of a new state-of-the-art coating section on the production line. These enhancements will further improve the print quality and visual consistency of the MetsäBoard Classic FBB product while enabling the company to shift to fossil free alternatives in its paperboard production process.
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U.S. Postal Service Reports Fiscal Year 2024 Results

The U.S. Postal Service announced its financial results for the 2024 fiscal year ended September 30. Controllable loss, which excludes certain expenses that are not controllable by management, was $1.8 billion for the year, compared to over $2.2 billion for the prior year. The net loss for the year under generally accepted accounting principles (GAAP) totaled $9.5 billion, compared to a net loss of $6.5 billion for the prior year, an increase of $3.0 billion primarily attributed to the year-over-year increase in non-cash workers’ compensation expense. Over 80% of our current year net loss is attributed to factors that are outside of management's control, specifically, the amortization of unfunded retiree pension liabilities and non-cash workers' compensation adjustments. “Our pricing and product strategies are continuing to improve our revenue picture and fuel market share gains in our package business, demonstrating the increasing competitiveness of the Postal Service,” said Postmaster General Louis DeJoy. “While we continue to reduce our costs, there remain many economic, legislative and regulatory obstacles for us to overcome. We look forward to continuing our focus on transforming and modernizing the Postal Service, driving revenue, reducing the cost to deliver, improving operational performance, and positioning the organization for long-term financial sustainability.”
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Mativ Releases 2023 ESG Report Highlighting Key Initiatives

Mativ announced the release of its 2023 Environmental, Social, and Governance (ESG) report, the company’s first comprehensive, enterprise-wide report following the publication of its 2022 ESG Tear Sheet earlier this year. The 2023 report provides an in-depth look at Mativ's key achievements and ongoing initiatives in environmental sustainability, product stewardship, and social and governance topics, including workplace health and safety, ethics and integrity, and more. “At Mativ, we’re committed to creating long-term value for our shareholders through continuous improvement and an intense focus on good business practices,” said Julie Schertell, president & CEO of Mativ. “This report highlights the progress we’ve made advancing our environmental, social and governance efforts at all levels of our business and sets the stage for future advancements. By openly sharing our approach and achievements, we’re building trust with our stakeholders as we continue to grow responsibly.”
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Paper Industry Announces 2023 U.S. Paper Recycling Rates Using Updated Methodology

The American Forest & Paper Association (AF&PA) announced that 65-69% of paper available for recovery in the United States was recycled in 2023. The 2023 paper recycling rate is the first using AF&PA's updated methodology, which utilizes extensive industry data, subject matter expertise and detailed U.S. trade data to account for the continued shift of the U.S. balance of trade towards imports. The 2023 calculations show that paper remains one of the most highly recycled materials in America, with the industry recycling nearly 60% more paper today than it did in 1990 when initial recycling rate goals were established.
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Mondi starts up new extrusion line at Štĕtí to meet the growing demand for sustainable packaging solutions

Mondi, a global leader in sustainable packaging and paper, has announced the start-up of its new extrusion line at Mondi Coating Štĕti (Czech Republic), marking another milestone in the Group’s commitment to support customers in their transition to sustainable solutions. The extrusion line is part of a wider investment that includes a new production building with state-of-the-art machinery including coating and slitting capabilities. The investment expands the production of FunctionalBarrier Papers and other high quality coated papers, offering paper-based solutions with customised barrier properties. Applications range from food and non-food contact packaging to industrial solutions, such as case linings for solid board and barrier liners for corrugated case materials. As part of Mondi’s re/cycle portfolio, the innovative range of FunctionalBarrier Papers offers solutions that can be recycled in existing paper waste streams across Europe.
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New Firm Is Offering To Help Publishers Maximize Their Content With AI (mediapost.com)

Particle, an AI-driven technology firm created by ex-Twitter engineers, is offering to help publishers sharpen their news presentation with AI and assist consumers in understanding the news. The company promises to compensate publishers and help them drive traffic, TechCrunch reports. It will also link to sources directly underneath its AI summaries. Particle is partnering with such publishers as Reuters, AFP and Fortune to host their content in its app via their APIs, TechCrunch adds.
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Integrating Print in Schools: Enhancing Learning with Paper-Based Materials

The increased presence of screens in today’s classrooms has prompted educators to reassess the role of traditional print materials in student learning. As concerns about digital burnout, comprehension challenges, and digital platform security grow, schools find that print-based resources offer numerous advantages. These include improved comprehension, reduced screen fatigue, and a more focused, secure learning environment. With recent shifts toward print in media and education, schools recognize the need to balance digital and print resources to create a more effective, well-rounded learning experience. Research continues to show that students retain and understand information better when reading from paper as opposed to digital screens. In May educational neuroscientists at Teachers College, Columbia University published a study that conducted brain imaging of 59 middle-schoolers from New York City after reading text on paper and text on a screen.
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Troi Mailing Joins Two Sides North America

Two Sides North America (TSNA) is pleased to announce that Troi Mailing Services Inc. has joined its membership. Troi Mailing Services is a Smartmail Marketing Expert Partner, and a provider of Canadian & International Direct Mail media. For over 30 years, Troi Mailing has provided printing, direct mail, postage, and distribution expertise to their customers and has joined with Two Sides to educate companies on why sustainable marketing mail is the right choice to reduce the impact their marketing has on the environment. “I am very excited for Troi Mailing to be part of this community that is finally pushing back against unsubstantiated green claims,” shared Kirk Barton, CEO.“ It’s great to have the resources to defend and promote the truer value of using paper. With the resources provided by Two Sides North America, Troi can offensively promote print and direct mail and quash any unfounded claims as to why digital or paperless communications solely might be better.”
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Amcor recognized with prestigious award for recycle-ready coffee packaging

Amcor, a global leader in developing and producing responsible packaging solutions has been recognized by the 35th Packaging Innovation Awards (PIA) for its AmPrima® Plus solution for coffee. Sponsored by Dow, this prestigious award recognises excellence in packaging and encourages advancements in sustainability and performance. The Special Award category, won by Amcor, is dedicated to emerging markets and breaking frontiers in mono-material packaging. Amcor’s AmPrima® Plus solution has been commended for its application in recycle-ready coffee packaging. The new pouch offers coffee producers up to 68%* reduction in carbon footprint when compared to traditional coffee packaging alternatives.
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GreenFirst Reports Financial Results for the Third Quarter of 2024

“Q3 2024 was a challenging quarter for GreenFirst and the broader industry. July was our toughest month, primarily due to low pricing, but both August and September saw improvements in pricing. Average Western Base pricing rose from $338/mfbm in July to $428/mfbm early November 2024. In July, due to market conditions and high inventory levels, we implemented targeted curtailments equivalent to six weeks of production. Despite this, our operations ran smoothly for the remainder of the quarter. We also continue to manage cash tightly, including postponing capital expenditures during the third quarter. Aside from the curtailment in July, we achieved good operational performance, breaking production records across multiple sites. In fact, during the third quarter, our efficiency was 4% higher as compared to 2023. Looking ahead, we expect pricing to continue improving for the rest of the year, primarily driven by industry curtailments across North America and reversals in monetary policy by the Bank of Canada and the US Federal Reserve. However, we remain cautious in the short term, and the Company will continue to focus on tightly managing its costs and liquidity. Finally, as previously announced, GreenFirst will continue its strategy of selling non-core assets.” said Joel Fournier, Chief Executive Officer of GreenFirst.
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Monadnock Paper Mills, Inc. Unveils Newest Fine Printing Papers Swatchbook

Monadnock Paper Mills, Inc., the oldest continuously operating paper mill in the United States, is pleased to announce the release of its updated Fine Printing Papers Swatchbook. This carefully curated collection showcases the rich textures, vibrant finishes, and unrivaled performance of Monadnock’s most celebrated paper lines, including Astrolite®, Astrolite® Digital+, Caress®, and Dulcet®. Tailored for designers, brand owners, and printers, this swatchbook goes beyond a simple showcase—it provides an immersive, tactile experience that brings the luxurious qualities of Monadnock’s fine papers to life. From high-end brochures to photography books and archival prints, the Fine Printing Papers Swatchbook highlights how Monadnock’s premium fine papers can elevate any project. “Our Fine Printing Papers Swatchbook serves as a gateway to inspiration,” says Julie Brannen, Director of Sales and Sustainable Solutions at Monadnock Paper Mills, Inc. “We’ve designed it to offer a hands-on experience that allows creatives the opportunity to fully engage with the paper’s tactile qualities and see firsthand how our craftsmanship can transform their most important projects into evocative stories.”
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Mondi opens FlexStudios – a brand-new innovation hub for co-creating sustainable flexible packaging solutions

Mondi, a global leader in sustainable packaging and paper, has opened a ground-breaking hub in Germany for co-creating flexible packaging solutions that will shape the future. FlexStudios is a brand new 2,300 m2 building, located in Steinfeld, Germany, that offers three floors of interactive, inspiring collaborative space. The experiential studios have been built so that Mondi customers can actively participate in the innovation process, benefitting first-hand from the company’s extensive expertise, state-of-the-art technology, and customer-centric approach to driving sustainable change in the flexible packaging industry. By bringing pilot lines, testing capabilities and co-creation space together under one roof, Mondi can reduce time-to-market for new packaging and paper solutions.
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Diversey, a Solenis Company and NatureLoop Sign MOU to Upcycle Single-Use Plastic Waste

Diversey has announced the signing of a Memorandum of Understanding (MOU) with NatureLoop, a Kuala Lumpur-based organization dedicated to addressing the global plastic waste crisis. The partnership focuses on upcycling single-use plastic waste into new, useful products. Amrinder Sethi, country business director for the Philippines and Malaysia at Diversey, and Brandon Chong Chee Wing, Founder and CEO of NatureLoop, formalized the collaboration. The signing was witnessed by Sherif Fahmy, vice president for Southeast Asia at Diversey, and Siew Zhi Zhou, designer and production manager at NatureLoop. As the global plastic waste problem intensifies, this collaboration aims to transform used plastic containers from Diversey customers into sustainable products like coffee tables, stools, wall clocks, tissue boxes, sports medals, and decorative items. Under the MOU, NatureLoop will collect between 200 to 500 kg of empty plastic containers from Diversey customers each month, with support from Diversey Malaysia. These containers will be processed at NatureLoop's local facilities to create high-value upcycled products.
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How Can Businesses Rethink Packaging to Support Circularity?

Prioritizing packaging made from recycled materials that can be recycled again simplifies sustainable choices for consumers. The easier the process, the more likely consumers are to participate — reducing the chances that packaging ends up in landfill. However, that doesn’t mean there is a simple solution for businesses as there is no one-size-fits-all solution. By exploring various options, businesses can strike a balance between functionality and sustainability. Ultimately, the choice of packaging depends on factors like cost, environmental impact, operational fit, and consumer preference. Sustana offers solutions like Sustana EnviroLife™, a sustainable recycled fiber designed for food-safe packaging, which balances durability with eco-friendly practices. By thoughtfully choosing and innovating packaging options, businesses can support sustainability while meeting their operational goals.
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Pactiv Evergreen Reports Third Quarter 2024 Financial Results

Pactiv Evergreen Inc. reported results for the third quarter of 2024. Michael King, President and Chief Executive Officer of Pactiv Evergreen, said, “Our execution during the third quarter was solid and we made meaningful progress on our long-term strategy. We maintained strict cost discipline, optimized enterprise resources and overcame challenges at the Pine Bluff, Arkansas mill during its final quarter under our ownership. As we advance to the next phase of our transformational journey, we intend to leverage our heritage of product innovation and design to foster growth and assist our customers in achieving their sustainability goals.” King continued, “In late September and early October, some of our teams and communities were significantly impacted by Hurricanes Helene and Milton. The safety and well-being of our team members remain our utmost priority. It’s been truly inspiring to witness our teams swiftly activate contingency plans in response to these severe weather events, showcasing their commitment to serving our customers and supporting the affected communities.” Third Quarter 2024 Financial Highlights: Net Revenues of $1,333 million for the third quarter of 2024 were down 3% compared to $1,379 million in the third quarter of 2023 and were approximately flat compared to $1,338 million in the second quarter of 2024. Net Loss from continuing operations of $213 million for the third quarter of 2024 compared to net income of $28 million in the third quarter of 2023 and net income of $20 million in the second quarter of 2024.
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Huhtamaki signed a EUR 450 million sustainability-linked syndicated revolving credit facility

Huhtamäki Oyj has signed a EUR 450 million sustainability-linked syndicated multi-currency revolving credit facility loan agreement (“RCF”) with a maturity of five (5) years. The RCF refinances an existing EUR 400 million sustainability-linked syndicated revolving credit facility signed in January 2021 and will be used for general corporate purposes of the Group. The RCF has two one-year extension options at the discretion of the lenders. The Mandated Lead Arrangers and Bookrunners of the RCF are Citi, Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ), BNP Paribas, Commerzbank Aktiengesellschaft, Danske Bank A/S, DBS Bank Ltd., London Branch, J.P. Morgan SE, Landesbank Hessen-Thüringen Girozentrale, OP Corporate Bank Plc., Raiffeisen Bank International AG and Standard Chartered Bank AG.
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Sylvamo Quarterly Results Exceed Outlook, Generates Strong Free Cash Flow

Management Summary from Chairman and Chief Executive Officer Jean-Michel Ribiéras: We delivered strong earnings with a 20% adjusted EBITDA margin and outstanding free cash flow in the third quarter, driven by solid operational performance, good commercial execution and stable input costs. The quarter also had no planned maintenance outages. On Oct. 31, we announced we are mutually terminating a supply agreement for uncoated freesheet, bristols and specialty papers from International Paper’s Georgetown, South Carolina, mill, effective Dec. 31, 2024. We will continue to optimize our North America region by leveraging strategic initiatives to simplify the business, unlock efficiencies and drive earnings growth. We have seen encouraging increases in industry demand across our regions and expect recent capacity reduction announcements to lead to more favorable supply and demand balance trends in 2025. We are confident in our strategy to grow earnings and cash flow by continuing to invest in high-return projects in our mills and processes.
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Domtar Wins AF&PA Sustainability Award for Water Conservation Program

The American Forest & Paper Association (AF&PA) recently announced the results of its 2024 Sustainability Awards, and Domtar was among the winners. Our winning project was our water conservation program, which began as a pilot program in 2023. It will save more than 1 billion gallons of water annually and contribute to our goal to reduce water use by 20 percent per unit of product by 2030 (compared to a 2019 baseline). AF&PA’s Leadership in Sustainability — Water Management award recognizes our efforts to reduce our water usage as part of our overarching sustainability goals. “Sustainability is foundational for our members, and our awards program reflects that,” said AF&PA President and CEO Heidi Brock in a recent press release. “These award-winning projects demonstrate sustainability leadership and innovation in action. We are proud to recognize real-world examples of how our forest and paper industry sustainability goals come to life.” We launched our award-winning water conservation program in 2023. We dedicated a portion of capital spending solely for water-reduction projects. This water reduction fund was designed to attract innovative projects and ideas from teams within the Domtar network. Mills could submit proposals for a chance to earn a portion of the available funds. “The projects didn’t need to provide a financial return. The priority was saving water,” explains Brian Kozlowski, senior director of environment and sustainability for Domtar’s Paper and Packaging business unit. “That gave our employees the chance to think beyond the bottom line, and they really did!” The results from 2023 were impressive. The water conservation program completed ten projects at seven mills that will save more than 1 billion gallons of water annually. That’s enough water to fill more than 1,600 Olympic-sized swimming pools.
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Tredegar Reports Third Quarter 2024 Results

Third quarter 2024 net income (loss) was $(3.9) million ($(0.11) per diluted share) compared to $(50.4) million ($(1.47) per diluted share) in the third quarter of 2023. Net income (loss) from ongoing operations, which excludes special items, was $0.2 million ($0.01 per diluted share) in the third quarter of 2024 compared with $(5.1) million ($(0.15) per diluted share) in the third quarter of 2023. John Steitz, Tredegar’s president and chief executive officer, said, "Our ongoing operations for the third quarter were disappointingly at the break-even level due to low profitability at Bonnell Aluminum from unfavorable cost events, including manufacturing inefficiencies. On the favorable side, net new orders were up 7% over the second quarter but with margin pressures from imports and excess industry capacity." Mr. Steitz continued, "Regarding the trade case brought by a coalition of aluminum extruders and the United Steelworkers against 14 countries, we were very disappointed by the split negative vote by the U.S. International Trade Commission and the surprising recusal of one of its members. The USITC decision on October 30 indicated that it believes the industry was not materially injured by reason of the subject imports, despite preliminary determinations by the U.S. Department of Commerce of pricing below fair value and receiving unfair subsidies. The coalition is evaluating next steps for challenging the decision."
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Amcor AmFiber™ paper-based packaging receives European patent

Amcor has been granted a European patent for paper packaging with thin film barrier, affirming the unique attributes of its AmFiber™ portfolio. AmFiber™ Performance Paper is a high-barrier, paper-based solution that delivers recyclability and high-speed customer line performance for food- and healthcare-grade packaging. The European patent recognizes AmFiber Performance Paper’s innovative barrier materials and patterned sealable material, which provides a unique combination of functional attributes for paper-based packaging. Currently on store shelves across the globe, the AmFiber portfolio is suitable for a wide range of applications including snacks and confectionary, dry culinary and beverage, meat, dairy, home and personal care and more.
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Supremex Announces Results for Third Quarter of 2024

“Supremex’ third quarter operating performance was driven by higher envelope volume and improving packaging markets, and although profitability was impacted by approximately $1.9 million of non-operating items, it remains below its true potential,” said Stewart Emerson, President and CEO of Supremex. “As anticipated, envelope volumes continue to improve from the lows of 2023, and backlogs are stronger. However, the market continues to give back some of the pricing gains made in 2022 and profitability was also impacted by the temporary effect of our consolidation in the Greater Toronto Area, which is expected to yield important benefits going forward. In packaging, sales for e-commerce fulfillment remained solid and channels subject to discretionary consumer demand have improved, while increased profitability reflected greater efficiency from recent cost reduction and productivity initiatives and the benefits of improved absorption. Additionally, with a new senior leader steering our folding carton activities, we are confident that we will further leverage our high-quality assets, blue-chip customer base and dedicated employees. Based on a gradually improving market, efficiency and productivity gains, and the expectation of a substantial gain on the sale-leaseback transaction, the Board of Directors has decided to increase the dividend."
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Cascades Reports Results for the Third Quarter of 2024

Hugues Simon, President and CEO, commented: "We are pleased with our third quarter 2024 performance. Sequentially stronger results were driven by our Containerboard business, where higher average selling prices and lower production expenses offset the impact of higher raw material costs. Specialty Products results were stable, with stronger selling prices fully mitigating raw material cost and sales mix headwinds. As forecasted, third quarter Tissue Papers results were lower than the previous quarter due to higher average raw material costs and lower pricing related to the expected changes in the mix of products sold." Highlights: Sales of $1,201 million (compared with $1,180 million in Q2 2024 and $1,198 million in Q3 2023); Operating income of $36 million (compared with $34 million in Q2 2024 and $80 million in Q3 2023);
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News Corp Reports First Quarter Results for Fiscal 2025

Commenting on the results, Chief Executive Robert Thomson said: “We have begun Fiscal 2025 robustly, with record first quarter revenue, strong net income and record first quarter profitability. Revenue rose 3 percent year-over-year to $2.58 billion, while our net income jumped 148 percent to $144 million. Total Segment EBITDA surged 14 percent to $415 million, and our EPS were 21 cents compared to 5 cents in same quarter last year. That we have achieved these record first quarter results in macro-conditions which are far from auspicious is compelling evidence of the successful transformation of News Corp over the past decade. Meanwhile, the just-completed election has highlighted the importance of trusted journalism in a media maelstrom in which some journalists mistake virtue signaling for virtue. Artificial intelligence recycles informational infelicities and it is critical that journalistic inputs have integrity, which is why our partnership with OpenAI is so crucial and why we intend to sue AI companies abusing and misusing our trusted journalism. Dow Jones and the New York Post have started proceedings against the perplexing Perplexity, which is selling products based on our journalism, and we are diligently preparing for further action against other companies that have ingested our archives and are synthesizing our intellectual property.”
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Hachette Expands Basic Books Group

The Basic Books Group, a division of Hachette Book Group, will add two new imprints to its portfolio following the promotion of Lara Heimert to president and publisher of the group, HBG and Hachette UK CEO David Shelley announced on November 7. Basic Venture, a business and economics imprint, will be led by editorial director Colleen Lawrie and executive editor Emily Taber, while Thomas Spence, the former president and publisher of Regnery Publishing, will lead Basic Liberty, a conservative imprint, as executive editor. “The Basic Books Group has seen fantastic growth and success in recent years,” Shelley said in a statement.“They know their readership incredibly well and are able to serve their desire for serious non-fiction publishing by the leading authors in their fields across a range of different topics. Lara has grown and steered the group with incredible vision and precision; her promotion, and the investments we’re making with the two new imprints and other promotions and hires, are testament to the further potential for growth we see in this space and with this skilled team.”
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New Free eTraining on the Continuous Improvement Procedure

FSC is excited to announce the launch of a new eTraining on the Continuous Improvement Procedure (CIP) (FSC-PRO-30-011 V1-1), a stepwise approach that enables Small or Low-Intensity Managed Forests (SLIMF) and community forests to progressively achieve FSC certification. This tool provides flexibility and reduces barriers, helping smallholders and communities engage with FSC standards over time. The CIP eTraining covers essential elements of the procedure, such as core crtieria. It explains how the procedure supports users in achieving core criteria first and then advancing towards full conformity with FSC’s standards within the certification cycle of five years. The interactive format offers practical insights and guidance on structuring an Action Plan, initial self-check requirements, and regular self-monitoring for ongoing improvement.
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Sealed Air Reports Q3 2024 Results

"With the shift into two verticals, Food and Protective, and the onboarding of new leadership, we have positioned Sealed Air for long-term success," said Patrick Kivits, Sealed Air's CEO. "Over the coming months, we are focused on operationalizing each vertical and finalizing the long-term growth strategy for each business. In parallel, we are stepping up our cost take-out initiatives to right-size each business and improve profitability until our transformation takes hold." "While our third quarter results were ahead of expectation, the strength of our Food business continues to be offset by continued softness in our Protective portfolio. As a result, we are maintaining the midpoint of our Sales and Adjusted EBITDA guidance," said Dustin Semach, Sealed Air's President and CFO. "We continue to improve underlying cash generation fundamentals, optimize our debt and tax rate, and as a result, we are raising our guidance for Free Cash Flow and Adjusted EPS for the year."
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Stora Enso divests Sunila site to AALTO Development

Stora Enso has signed an agreement to divest its real estate of the Sunila site in Kotka, Finland, to AALTO Development Oy. AALTO Development is a Finnish, privately-owned property development company focusing on high-quality architecture and urban planning. Stora Enso will remain in Sunila as a tenant to AALTO Development. The Lignode battery material pilot plant will continue its operations in Sunila. Also, the Sunila-based demonstration plant engineering study, announced earlier by CarbonScape, is unaffected by the transaction. The parties have agreed not to disclose the transaction price. The closing of the transaction is expected during Q4 2024.
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Mativ Announces Third Quarter 2024 Results

Chief Executive Officer Julie Schertell commented, "We saw meaningful increases in volume and profitability in Filtration and our overall SAS segment during the third quarter, with SAS segment adjusted EBITDA increasing almost 20% year over year. This was somewhat offset by results in Advanced Films, which were impacted by automotive and construction end markets. As such, we have launched a turnaround effort specific to Advanced Films focused on demand generation, operational performance and increased customer and end market diversification. This turnaround effort will be similar to the approach we used for Healthcare throughout 2023, which year-to-date, resulted in above-market sales growth of more than 5% and materially improved profitability versus the same period in 2023. Given the prevailing macro-economic conditions and the slow pace of demand recovery, we continue to prioritize those things that we can control and execute on actions to mitigate external market factors, such as the $20 million reduction in non-operating cost announced earlier this year. Additionally, we are increasing capacity in our growth categories of filtration, specialty tapes, release liners and medical films, while at the same time reducing cost and optimizing our supply chain by reducing our plant footprint from 48 sites at the time of the merger to 35 sites today and our warehousing footprint by more than 25%. These actions reduce cost and complexity, and support sustained margin improvements as demand returns.”
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Ahlstrom January–September 2024 financial results published

Ahlstrom’s transformation efforts are delivering results. Our comparable EBITDA in the third quarter reached a record level, reflecting our ongoing commitment to performance and growth. Driven by our dedication to science and our desire to help customers navigate global trends, we continue to launch new products, with the introduction this quarter of recyclable packaging material for the bouillon cube segment. This innovation replaces thousands of tons of plastic and supports sustainable development. Moreover, our enhanced customer collaboration has led to our customer loyalty score reaching the highest decile in our industry in the latest measurement, which makes me particularly proud. Our margin on variable cost per ton continued to increase to a record high level, thanks to our improved operational performance driven by our transformation initiatives. Adjusted for the Stenay divestment in 2023, our deliveries increased by 1% compared to the previous year. We continued to strengthen our business portfolio by consolidating our footprint in parchment paper production at the Saint-Séverin site following the closure of the Bousbecque mill. Our centralized operations ensure efficiency and continued growth. In addition, we successfully completed the transaction to divest the Aspa pulp mill in November, supporting our growth transformation and focus on specialty materials production.
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Mondi Group’s sustainability reporting is again ranked among the best-in-class reports globally

The 2023 Mondi Group Sustainable Development (SD) report is once again ranked among ‘Top performers’ in the latest Reporting matters edition. We have maintained our position among the leaders in transparent and effective sustainability reporting since 2018. Over 180 sustainability reports were assessed this year as part of the long-standing World Business Council for Sustainable Development (WBCSD) Reporting matters assessment. The analysis highlighted that Mondi Group’s 2023 SD report clearly included a robust discussion of the impacts of external and regulatory trends. Other notable highlights mentioned were that our MAP2030 sustainability framework and the progress against it are presented in a clear and comprehensive manner, with creative design elements helping readers navigate the report and access key information.
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Sappi financial results for fourth quarter and full year exceeds expectations

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following a strong last quarter, I am pleased we were able to exceed our expectations for the year with Adjusted EBITDA* of US$684 million for the year ended September 2024. Our strong performance occurred against the backdrop of the subdued macroeconomic environment, ongoing low consumer confidence, and persistent geopolitical uncertainty. A key highlight was the pulp segment’s strong performance, driving record profitability for the South African region. However, paper markets remained subdued, with the expected recovery in demand after the prolonged destocking phase of 2023 unfolding slower than anticipated. Significant fixed costs savings were achieved through our strategic rationalisation actions.”
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Create Irresistible Direct Mail (piworld.com)

Crafting direct mail that captures attention and inspires action is both an art and a science. With digital noise at an all-time high, direct mail stands out for its ability to connect in a personal, tangible way. The USPS’s Irresistible Mail website remains a fantastic resource for fresh ideas, and it’s worth exploring at irresistiblemail.com to stay inspired by the latest trends. Here are several strategies to make your direct mail truly irresistible: 1. Interactive Technology: Enhanced QR Codes: Augmented Reality (AR): Near Field Communication (NFC). 2. Sensory Engagement: Tactile Elements: Scented Inks: Temperature-Changing Inks. 3. Personalization and Data-Driven Content: Variable Data Printing (VDP): Predictive Offers: Geotargeted Messaging:
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Lecta continues to make progress towards decarbonization

​​In accordance with its ESG strategy and in line with Science Based Targets initiative (SBTi) methodology, Lecta calculates its organizational carbon footprint (OCF) and its product carbon footprint (PCF) providing a comprehensive analysis of greenhouse gas (GHG) emissions resulting from its operations. On both targets, Lecta has reduced its emissions every year since 2021. This effort has in turn enabled it to commit to ambitious group-wide CO2 emission reduction targets. Lecta has set a 45% decrease in Scope 1 and 2 emissions and a 35% reduction in Scope 3 emissions by 2030, compared to the 2021 baseline. To solidify its commitment to decarbonization, Lecta has already submitted its reduction targets to SBTi for validation in September 2024. This strategic move underlines the company's commitment to transitioning to a resilient, net-zero economy based on scientific principles.
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Domtar Acquires Iconex Paper’s Point-of-Sale Receipt Business in North America

Domtar Corporation announced the successful acquisition of Iconex Paper from Atlas Holdings. Iconex Paper converts thermal paper parent rolls into point-of-sale (POS) receipt rolls, serving customers in industries such as food service, retail, pharmacy and financial services from its five North American locations in Arizona, Kansas, Tennessee, Virginia and Mexico. "Receipt products used by consumers every day — such as ATM, gas pump, food service and retail receipts — begin with thermal paper manufactured at Domtar's West Carrollton, Ohio, facility," says Steve Henry, Domtar's president of Paper and Packaging. "With this acquisition, we're well positioned to ensure customers experience the operational and supply chain excellence that comes from a fully integrated North American receipt paper business." "This strategic acquisition demonstrates our commitment as an advocate for paper-based products and the paper industry's long-term sustainability," Henry said. "We are delighted to welcome Iconex Paper to the Domtar family, and we look forward to jointly strengthening the point-of-sale paper business."
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Tork introduces compressed hand towel bundles for Tork Xpress Multifold range

Tork announced a new compressed hand towel option for the Tork Xpress® Multifold hand towel system that is 50% compressed1, enabling dispensers to hold twice as many towels to serve twice as many customers before requiring a refill2. Businesses benefit from reduced storage needs and spending less time maintaining their facilities. In the manufacturing process, unique compression technology reduces the amount of air in the hand towel bundle, effectively compacting the towel bundles and resulting in reduced packaging material by up to 27%1. Transport vehicles can then fit almost twice as many compressed towel bundles4 per truck, contributing to reduced carbon emissions. Businesses can also store double the amount of paper towels, optimizing the capacity of both their storage and existing Tork Xpress hand towel dispensers. Compressed towels offer the same quality Tork customers are accustomed to.
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Clearwater Paper Reports Third Quarter 2024 Results; Board Approves New $100M Share Repurchase Authorization

“We delivered a strong third quarter, even as we dealt with the impact of Hurricane Helene at our Augusta, Georgia and Shelby, North Carolina facilities,” said Arsen Kitch, president and CEO. “We are also pleased that we closed on the sale of our tissue business and are now well positioned to execute on our strategy of building a premier paperboard company that is focused on servicing independent converters in North America.” Clearwater Paper's Board of Directors has approved a new $100 million share repurchase authorization, allowing the Company to opportunistically repurchase shares in addition to offsetting the dilution from employee share grants. This authorization replaces the Company’s previous authorization. The timing and amount of any repurchases of common stock will be solely at the discretion of the Company and is subject to general business and market conditions, as well as other factors.
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Fedrigoni Group Announces Decision to Withdraw from BoingTech Acquisition

The decision not to pursue the acquisition of a majority stake in BoingTech, a specialized RFID inlay and tag producer operating in China and Malaysia follows changes in the conditions surrounding the mutual obligations and commitments between Fedrigoni and Inlay Link, BoingTech’s controlling shareholder. Fedrigoni has formally informed Inlay Link of this change in direction, reaffirming its commitment to strategic growth that aligns with evolving business dynamics.
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Solenis Acquires BASF’s Flocculants Business for Mining Applications

Solenis, a leading global producer of specialty chemicals, has acquired BASF’s flocculants business for mining applications. This strategic acquisition enhances Solenis’ portfolio, ensuring a comprehensive solution for its mining and mineral processing customers. The integration of BASF’s flocculants business will enable Solenis to offer an expanded range of products and services, addressing the diverse needs of the mining industry. This acquisition underscores Solenis’ commitment to providing innovative and sustainable solutions that improve operational efficiency and environmental performance.
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The New York Times Company Reports Third-Quarter 2024 Results

Meredith Kopit Levien, president and chief executive officer, The New York Times Company, said, “The third quarter was another strong one for The Times as we made further progress toward becoming the essential subscription for every curious person seeking to understand and engage with the world. We passed 11 million total subscribers in the quarter, more than five million of whom now subscribe to the bundle or multiple products. Our world-class news coverage and premium lifestyle products meet complementary user needs, and drive revenue growth across subscriptions, advertising, affiliate and licensing. We believe that portfolio, and our ability to keep adding value to it over time, is what makes The Times resilient in a changing media landscape, and well-positioned to become a larger, more profitable company.” Key Highlights • The Company added approximately 260,000 net digital-only subscribers compared with the end of the second quarter of 2024 bringing the total number of subscribers to 11.09 million. • Growth in both digital subscribers and ARPU drove a year-over-year increase in digital subscription revenues of 14.2 percent.
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AWS Announces Generative AI Partner Innovation Alliance to Globally Scale Success of its Generative AI Innovation Center

Amazon Web Services announced the launch of the Generative AI Partner Innovation Alliance. The Generative AI Partner Innovation Alliance will help scale and expand the reach of the Generative AI Innovation Center (GenAIIC) - a program that helps customers successfully build and deploy generative AI solutions. Initially launched in June 2023, the GenAIIC connects customers with AWS AI/ML scientists and strategy experts, and helps companies envision, identify, and develop generative AI solutions. Since its inception, the GenAIIC has helped thousands of customers, including DoorDash, Nasdaq, the PGA TOUR, achieve success with generative AI. In fact, more than 50% of the proof-of-concept solutions developed through the GenAIIC are now in production for customers.
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Tredegar Completes Sale of Terphane to Oben Group

Tredegar Corporation announced that it has completed the previously announced sale of Terphane, its flexible packaging films business headquartered in Brazil, to Oben Group. Commenting on the sale, John Steitz, Tredegar’s president and chief executive officer said, “The sale of Terphane completes a strategic goal that we’ve been working on for well over a year. We believe that Terphane will have greater scale and growth opportunities with Oben, a global player in the highly competitive flexible films industry. We wish the best for the employees and stakeholders of Terphane and Oben.” Gonzalo Belaunde, Oben’s chief executive officer, said, “We are pleased to complete the acquisition of Terphane. We believe that combining our capabilities will improve the service and quality provided to our customers and markets. We welcome Terphane to the Oben team.”
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Clearwater Paper Announces the Closing of the Sale of its Tissue Business

Clearwater Paper Corporation announced the successful completion of the sale of its tissue business to Sofidel America Corp., a subsidiary of Sofidel S.p.A., for $1.06 billion in cash, prior to customary purchase price adjustments. The transaction represents a significant step in the Company’s transformation into a premier independent supplier of paperboard packaging products to North American converters. Terms of the sale were first announced on July 22, 2024. “This is the next big step in transforming Clearwater into a premier independent paperboard packaging supplier in North America,” said Arsen Kitch, president and chief executive officer of Clearwater Paper. “While it’s the right business decision, it’s a bittersweet moment for our company. We are parting ways with valued colleagues, and that’s difficult. The Tissue team has built a fantastic business and delivered strong results. I am proud of their work and wish them well.” “We’ll use the proceeds from the sale to pay down debt and strengthen our balance sheet. We will be well positioned to scale and diversify our paperboard business to create long-term value for our shareholders,” said Mr. Kitch.
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Amazon.com Announces Third Quarter Results

“As we get into the holiday season, we’re excited about what we have in store for customers,” said Andy Jassy, Amazon President & CEO. “We kicked off the holiday season with our biggest-ever Prime Big Deal Days and the launch of an all-new Kindle lineup that is significantly outperforming our expectations; and there’s so much more coming, from tens of millions of deals, to our NFL Black Friday game and Election Day coverage with Brian Williams on Prime Video, to over 100 new cloud infrastructure and AI capabilities that we’ll share at AWS re:Invent the week after Thanksgiving.” Net sales increased 11% to $158.9 billion in the third quarter, compared with $143.1 billion in third quarter 2023. Excluding the $0.2 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 11% compared with third quarter 2023. Operating income increased to $17.4 billion in the third quarter, compared with $11.2 billion in third quarter 2023.
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Book Manufacturers’ Institute Announces 2024 Award Winners and New Board Members

The Book Manufacturers’ Institute (BMI) has announced the latest recipient of Signature Award, as well as three new members to the Cased-in Club. The honors, which were presented Monday evening October 28th at the Awards Banquet at the Fall Annual Conference in Naples, Florida, recognize BMI members who not only contribute to the success of their organization, but also to the continued success of the book manufacturing industry. Matt Baehr, Executive Director of BMI, said, “This esteemed group of award recipients has made a lasting impact on book manufacturing over the years. I am delighted to honor their achievements, celebrating not only their personal successes but also the significant influence they have had on the entire book industry.”
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COP 16: PEFC’s 25-year journey of empowering smallholders and promoting sustainable forest management

“PEFC has been promoting nature-positive and people-positive sustainable forest management for the past 25 years, and the structures that we have put in place can be scaled up to bring even more forests under sustainable management,” said Thorsten Arndt, Head of Advocacy at PEFC International, at the UN Biodiversity Conference (COP 16) yesterday. Speaking at the side event “Sustainable Forest Management: Key to Biodiversity” he explained that not only about a quarter of the world’s production forests is certified under PEFC, but also one million smallholders have achieved PEFC certification. Smallholders manage a significant portion of the world’s production forests. Recent estimates suggest that smallholders are responsible for managing around 25% of all production forests globally. This highlights the crucial role they play in sustainable forest management and the broader forestry sector, and PEFC has successfully made certification accessible to them.
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Two Sides Global Campaign Reports Rising Greenwashing Cases as Organizations Focus on Sustainability

Economic pressures continue to drive many cases of greenwashing, with numerous organizations that have previously relied on paper for communication shifting their customers from traditional paper-based services to digital platforms to cut costs. This transition is often accompanied by misleading and unsubstantiated environmental marketing claims like “Go Green – Go Paperless” or “Choose e-billing and help save a tree,” – but this is misleading and greenwashing. Globally, Two Sides has engaged over 2,800 organizations making misleading claims about paper. In North America alone, nearly 200 companies, from large Fortune 500 companies to small local utilities, have removed or changed these statements. Consumer preferences are being ignored in the push for digital communications. Data from the 2023 Two Sides Trend Tracker report revealed that 81% of U.S. consumers believe they should have the option to choose and do not want to be forced over to digital communications.
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Sonoco Reports Third Quarter 2024 Results

“Our third-quarter results were within expectations from seasonally higher Consumer Packaging demand and continued strong productivity,” said Sonoco’s President and CEO, Howard Coker. “Consumer and Industrial volumes were higher year-over-year and price/cost headwinds were persistent across both segments. Overall, we achieved strong prot margin and operating cash ow in the quarter from the solid execution of our global team.” Summary: *Achieved GAAP net income attributable to Sonoco of $51 million *Generated productivity improvements of $39 million during the third quarter of 2024 *Generated $438 million of operating cash flow and $171 million of Free Cash Flow during the first nine months of 2024 *Entered into an agreement on June 24, 2024, to acquire Eviosys for approximately €3.6 billion
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PPC FLEX Expands Chevron Manufacturing Capacity to Meet Growing Market Demand

PPC FLEX, a leader in advanced packaging solutions, has significantly expanded its manufacturing capabilities by installing the world’s highest-throughput platen-based Chevron machine. This addition marks a milestone as the first Chevron system in the United States to feature a Chevron Header pouch, advancing PPC FLEX’s production capabilities for the healthcare sector. The newly installed Chevron machine is housed within PPC FLEX’s state-of-the-art ISO Class 4 and 7 cleanroom facility in Buffalo Grove, Illinois. The facility now produces high-output Tyvek™ Chevron Peel pouches, Chevron, and pouches on a roll, enhancing PPC FLEX’s ability to meet the stringent requirements of the medical, pharmaceutical, and dental industries. This investment strengthens PPC FLEX’s commitment to offering cleanroom-grade pouches that ensure sterility and barrier protection for critical environment applications globally.
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RRD Expands Emissions Reduction Efforts Across Manufacturing Locations Worldwide

RRD is expanding its greenhouse gas (GHG) emissions reduction plan from manufacturing locations in the United States and Mexico to worldwide locations, now including Asia, Europe, and Latin America. RRD made significant progress towards its global 10 year 25% GHG emissions reduction goal by realizing a GHG reduction of more than 12.5% in 2023 when compared to its 2022 baseline. The annual emissions data and reduction in emissions are third-party verified and will be disclosed in the 2024 response to the Carbon Disclosure Project (CDP), a nonprofit that runs the global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts.
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Paper Excellence Group Rebrands as Domtar

Paper Excellence Group announced the operational integration of the recently acquired Domtar Corporation and Resolute Forest Products with the legacy Paper Excellence business, forming a leading, unified forest products company in North America. This integration represents a strategic alignment of the companies’ strengths, resources and expertise, creating a stronger organization poised for future growth and innovation, while maintaining the highest levels of environmental stewardship. Together, the companies will now be doing business as Domtar. Domtar’s new brand identity symbolizes the combined legacy, shared values and forward-looking vision of the three organizations. The new logo reflects the spirit of collaboration, sustainability and commitment to excellence that will define Domtar’s future. The inclusion of a seedling in the logo represents the company’s commitment to nurturing potential and fostering growth, symbolizing the start of something new and the continuous journey toward flourishing success. It also signifies an important evolution, capturing the essence of the gradual development of our legacy companies and the natural progression from a small, humble beginning to a thriving, mature global organization.
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Gannett Announces Third Quarter 2024 Results

"We continued to make solid progress on our key priorities in the third quarter while delivering another quarter of year-overyear Adjusted EBITDA growth. Three out of four digital revenue categories experienced further trend improvement year-overyear, and as a result, total digital revenues surpassed 45% of total revenues, representing an all-time high. These results reinforce our belief that we have created a sustainable pathway for ongoing growth moving forward. We also significantly increased our free cash flow by 168% year-over-year. Additionally, within the quarter, we repaid approximately $29 million of debt, which combined with our Adjusted EBITDA growth, reduced our first lien net leverage to 1.76x. It is also important to note that some of our strategic decisions impacted total reported revenue in the third quarter, such as the intentional closure or divestiture of certain businesses in our portfolio. These actions were in-line with our long-term strategy and did not materially impact Adjusted EBITDA," said Michael Reed, Gannett Chairman and Chief Executive Officer. "In the third quarter, our audience surpassed 200 million average monthly unique visitors for the first time in our history, reflecting growth of over 7% compared to the prior year period. Furthermore, in the third quarter, we announced an additional partnership with BetMGM, which is expected to enhance the monetization of our content platform."
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HMH Launches Performance Suite: A Unified Solution for Curriculum, Assessment and Professional Development

Adaptive learning company HMH announced HMH Performance Suite–a first-of-its-kind teaching and learning solution that integrates assessment, Tier 1 curriculum and instruction to harmonize K-12 classroom teaching practices on a single platform. The launch of Performance Suite signals a major milestone in the integration of HMH’s high-quality instructional materials and NWEA’s leading assessments. Performance Suite provides robust day-to-day support for educators across the entire instructional cycle, encompassing planning, teaching, assessment, analysis and professional learning features within a streamlined, user-friendly interface. The current edtech ecosystem frequently calls upon educators to leverage multiple disparate solutions to accommodate their daily workflow. Performance Suite is built to bridge these gaps and facilitate meaningful and immediately actionable connections between assessment data and curriculum delivery.
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FSC blocks Chinese toilet paper company for making false claims

FSC has blocked Join Bums (Shandong Join Bums Eco Tissues Co. Ltd. - FSC-C159817/SCS-COC-007503), an FSC certificate holder from China, for making false claims regarding the bamboo toilet paper rolls it sold to its clients in the United Kingdom. Between May 2021 and March 2024, Join Bums sold large volumes of bamboo toilet paper rolls with FSC 100% claims. However, the company reported zero sales and purchases of FSC-certified material to its certification body since it was granted FSC certification in 2020. Join Bums also waived two surveillance audits in 2021 and 2023. Earlier this year, FSC was alerted to a possible integrity risk in its certified bamboo toilet paper supply chain. In March 2024, a British media outlet published an investigative article, alleging that bamboo toilet paper sold by FSC-certified companies contained very little bamboo fiber, despite claims of being 100% bamboo. Tests revealed that the toilet paper rolls contained high amounts of acacia and eucalyptus instead.
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Pactiv Evergreen Debuts SmartPour™ Pourable Containers and Two New Beverage Carton Filling Machines

Pactiv Evergreen Inc. introduces an innovative packaging solution with the launch of its patented* SmartPour™ package. Made in the USA, SmartPour packaging features an easy-to-pour and resealable closure, making it the ideal container for pourable, dry ingredients like premium cereals, crackers, snacks, baking ingredients, pet food, powders or formulas, and powdered laundry or dish detergents. SmartPour containers eliminate the need for a plastic bag insert, preventing messy, bag-in-box spillage, while the resealable closure and barrier technology keeps contents fresh. With a sturdy design that maintains its shape, SmartPour is perfect for consumer-packaged goods companies looking to enhance product visibility on shelves and preserve the packaging integrity of products ordered via home delivery services. SmartPour packaging is food safe and FDA compliant and comes in six sizes, a vertical and horizontal layout, and three heights, offering a customizable solution for a variety of packaging needs.
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Atlantic Contributes to the Largest Conservation Easement Project in South Carolina History

We are proudly supporting the largest conservation easement project in South Carolina history, dedicating over 62,000 acres of the Pee Dee Basin to permanent protection. The $50 million grant, administered by the U.S. Forest Legacy Program and supported by Atlantic Packaging, the Open Space Institute, the South Carolina Forestry Commission, the South Carolina Department of Natural Resources, and the South Carolina Office of Resilience, aims to balance sustainable forestry, recreation, and environmental resilience for generations to come. This historic project addresses the urgent need for conservation amid South Carolina’s rapid population growth. Protecting these vast lands, equivalent to three times the size of Hilton Head Island, ensures clean water, flood mitigation, wildlife habitat preservation, and a boost to South Carolina’s timber economy.
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International Paper Announces Review of Strategic Options for Global Cellulose Fibers Business and Closure of Georgetown, S.C. Pulp and Paper Mill

IP's GCF business creates safe, high-quality absorbent pulp for a wide range of applications like feminine care, incontinence and other personal care products that promote health and wellness. In addition, its specialty pulp serves as a sustainable raw material used in textiles, construction materials, paints, coatings and more. The GCF business generated $2.9B in revenue in 2023 and has operations in three countries, with eight mills and two converting facilities. "International Paper is committed to maximizing value for our shareholders, and to that end, we have launched a comprehensive and thorough review of strategic options for our global cellulose fibers business," said International Paper Chairman and CEO Andy Silvernail.
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Sylvamo, International Paper Terminate Georgetown Supply Agreement

Sylvamo and International Paper are mutually terminating a supply agreement for uncoated freesheet, bristols and specialty papers at the Georgetown, South Carolina, mill. The agreement will terminate Dec. 31, 2024. Sylvamo is successfully transitioning many paper grades from Georgetown to its Ticonderoga, New York, and Eastover, South Carolina, mills to continue supplying customers. International Paper has announced plans to discontinue operations at the Georgetown mill. “We have been preparing for this possibility since our 2021 spinoff from International Paper. We will support our customers through this transition and will retain the most profitable products from Georgetown, reducing economic downtime in our mill system and improving our mix,” said Jean-Michel Ribiéras, chairman and chief executive officer. “Looking ahead, we are confident in our future and our strategy to grow earnings and cash flow by continuing to invest in high-return projects in our mills and processes.”
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Stora Enso launches Beyond Board services to support customers on packaging sustainability 

Beyond Board is a set of services designed to address the evolving needs of Stora Enso’s customers in the packaging industry. The portfolio focuses on sustainability services, and spans from trainings and regulatory support to circularity assessment and LCA services. The sustainability training aims to build a foundation of sustainability knowledge throughout organisations, including sales, sourcing and product management. While these teams are experts in their products, they can benefit significantly from guidance on topics like forestry and fibers, circularity, recyclability and impact on the climate. As sustainability becomes increasingly vital in decision-making, this training provides valuable knowledge for our customers.
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Walsworth Brings Stephanie Maday Aboard as New Executive VP of Commercial Sales

Walsworth announced it has hired sales executive Stephanie Maday as the company’s new Executive Vice President of Commercial Sales and Board Member. Maday will be replacing Walsworth’s current Executive VP of Commercial Sales, David Grisa, who is retiring from the company in November. Maday will be based out of Walsworth’s Sales and Marketing office in Overland Park, Kansas. Maday comes to Walsworth with nearly 25 years of sales and management experience, more than 20 of it at Taylor Corporation in the Minneapolis/St. Paul area working for client 3M Promotional Markets. She started as a sales representative and rose through the ranks to become National Sales Manager. During her tenure at 3M, Maday gained print product sales experience with large and small roll-fed presses, silk screening, flexo presses and digital presses.
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Ahlstrom joins the World Business Council for Sustainable Development

Ahlstrom, a global leader in fiber-based specialty materials, has joined the World Business Council for Sustainable Development (WBCSD), a global organization committed to accelerating the transition to a sustainable world. By becoming a member of WBCSD, Ahlstrom will collaborate with some of the world’s most forward-thinking companies to further the global sustainability agenda. Together, Ahlstrom and WBCSD aim to tackle urgent environmental issues, including climate change, the need for clean air and water, decarbonization, biodiversity loss, and plastic pollution. “At Ahlstrom, we are committed to being part of the solution to global sustainability challenges. We believe that sustainability is a complex journey that requires collaboration to drive meaningful change. Our purpose, ‘Purify and Protect with Every Fiber for a Sustainable World,’ guides our efforts to innovate fiber-based solutions that are safe and sustainable by design,” says Helen Mets, President & CEO of Ahlstrom.
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UPM Raflatac launches OptiCut™ WashOff linerless label to promote plastic packaging reuse

UPM Raflatac, a global supplier of sustainable labeling solutions, is expanding its direct thermal (DT) linerless label offering with the launch of its new OptiCut™ WashOff solution. The new linerless label is specifically designed for returnable and reusable plastic food containers, including PP, HDPE and PET crates used in food logistics. Available to customers now, the label launch meets the need for innovative plastic packaging solutions, driven by evolving regulations and consumer demand. The OptiCut WashOff label, which is compatible with most direct thermal printers and weighing scales, offers excellent washability and easy, adhesive residue-free separation for both industrial processes and home washing machines.
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UPS Releases 3Q 2024 Earnings

UPS announced third-quarter 2024 consolidated revenues of $22.2 billion, a 5.6% increase from the third quarter of 2023. Consolidated operating profit was $2.0 billion, up 47.8% compared to the third quarter of 2023, and up 22.8% on a non-GAAP adjusted basis. Diluted earnings per share were $1.80 for the quarter; non-GAAP adjusted diluted earnings per share were $1.76, 12.1% above the same period in 2023. For the third quarter of 2024, GAAP results include an after-tax net benefit of $36 million, or $0.04 per diluted share, comprised of a $152 million gain resulting from the divestiture of the Coyote Logistics business net of transformation strategy costs of $116 million.
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AAP August 2024 StatShot Report: Overall Publishing Industry Up 8.5% for Month of August, and Up 7.8% Year-To-Date

Total revenues across all categories for August 2024 were up 8.5% as compared to August 2023, coming in at $1.7 billion. Year-to-date revenues were up 7.8%, at $9.3 billion for the first eight months of the year. Trade (Consumer Books) revenues were up 13.4% in August, coming in at $848.2 million. In terms of physical paper format revenues during the month of August, in the Trade (Consumer Books) category, Hardback revenues were up 17.1%, coming in at $297.4 million; Paperbacks were up 6.7%, with $302.0 million in revenue; Mass Market was down 35.8% to $8.6 million; and Special Bindings were up 3.6%, with $21.5 million in revenue. eBook revenues were up 6.1% for the month as compared to August 2023 for a total of $90.4 million, and the Digital Audio format was up 38.8% for August, coming in at $93.9 million in revenue. Physical Audio was down 54.8% coming in at $600 thousand.
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Savvas Learning Company’s enVision Mathematics © 2024 Earns Highest Rating from EdReports

Savvas Learning Company, a next-generation K-12 learning solutions leader, is excited to announce that enVision Mathematics© 2024, the newest edition of its proven-effective math series for grades K-12, has received the highest rating of “All-Green” from EdReports. The classroom-tested, teacher-loved enVision K-12 math series provides evidence-based, standards-aligned content, combined with personalized adaptive learning, to support all students in developing deep conceptual math understanding, procedural skills, and fluency. The new edition offers expanded digital resources and even more high-interest, student-centered activities that engage learners in real-world, meaningful math. Also included are a variety of new instructional support tools to save teachers time while providing them flexibility for lesson planning. Offering vertical alignment from kindergarten through grade 12, the curriculum is designed to provide continuity from year-to-year — something that school districts like Johnston County Public Schools in North Carolina value.
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COP 16: Over 25% of all production forests globally are PEFC certified, demonstrating sustainable management

How to incentivise smallholders for sustainable commodity production in a world of increasingly complex supply chains was part of discussion at the “Next-Gen Forest Solution – Financing A Systemic Solution for Forest and Biodiversity Conservation” side event at COP 16 in Cali, Columbia. “In the end, it is producers whom we want to produce commodities sustainably, and many of them are smallholders,” highlighted Thorsten Arndt, Head of Advocacy at PEFC International, during the panel discussion. “It has been important that brand owners and retailers have specified PEFC in their procurement policies, as this has led to widespread adaption of certification, yet it has also placed a financial strain on producers who must absorb the costs of compliance.”
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Graphic Packaging Holding Company Reports Third Quarter 2024 Financial Results

Net Income was $165 million, or $0.55 per share, based upon 302.6 million weighted average diluted shares. This compares to third quarter 2023 Net Income of $170 million, or $0.55 per share, based upon 309.2 million weighted average diluted shares. The third quarter of 2024 was impacted by a net charge from special items and amortization of purchased intangibles of $29 million and the third quarter of 2023 was impacted by a net charge from special items and amortization of purchased intangibles of $59 million. Michael Doss, the Company's President and CEO said, "In the third quarter, we saw our packaging volumes turn positive, after Europe's return to growth in the second quarter. Third quarter also saw the launch of new paperboard cup and container innovations for major Foodservice customers and the first-ever round BoardioTM paperboard canister for a leading collagen-protein brand. Our innovations are delivering real value for our customers and for consumers. Despite volume challenges brought on first by customer and retailer destocking and later by the pressure consumers are feeling from price inflation, we are delivering margin strength and consistency in line with the best global consumer packaging companies. That speaks to the value of the portfolio we have created, the success of our sustainable packaging innovations, and our team's commitment to outstanding execution. As volumes continue to improve and our Waco investment moves toward completion, cash generation will rise significantly, and we will deploy that cash to create substantial additional value for shareholders."
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Aptar Reports Third Quarter 2024 Results

AptarGroup, Inc. reported strong third quarter results due to solid operational performance and margin improvement across the company. Results were driven by growth in proprietary drug delivery systems, as well as increased demand for closure technologies. Reported sales and core sales increased by 2%, as currency and acquisition effects did not impact the quarter. Aptar reported net income of $100 million for the quarter, a 19% increase from the prior year. “Aptar delivered another strong quarter driven by our Pharma and Closures segments. We saw increased demand for our proprietary drug delivery systems, active material science solutions and closure technologies, especially for food applications. The Beauty segment saw growth in the personal care and home care markets, but it was not enough to offset tough comparisons from tooling and fragrance dispensing solutions from the prior year period. All three segments continued to demonstrate solid operational performance and margin improvement. We are proud of the strong results and progress we have made for the first nine months of the year and are positioned to achieve double-digit adjusted EPS growth for the full year,” said Stephan B. Tanda, Aptar President and CEO.
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TC Transcontinental Sells its Industrial Packaging Operations to Hood Packaging Corporation

TC Transcontinental announces the sale of its industrial packaging operations to Hood Packaging Corporation for a price of US$95 million (about C$132 million1) subject to working capital adjustments. These operations generated approximately US$50 million (about C$68 million2) in revenues during the last twelve months ended July 28, 2024. The Corporation anticipates using the net proceeds to continue reducing net debt in line with its business priorities. This will increase its flexibility in capital allocation, including targeted acquisitions in growth segments. “Industrial packaging is a solid business. However, after operating it for several years, we concluded that it offers few synergies with the rest of our portfolio, and is not core to our Packaging Sector’s growth strategy,” said Thomas Morin, President and Chief Executive Officer of TC Transcontinental. “We are pleased for our employees that Hood Packaging, a family-controlled company like TC Transcontinental whose industrial packaging business is core to their activities, is the buyer.” Hood Packaging is acquiring TC Transcontinental’s Thomasville, North Carolina, packaging operations and building, and 138 employees are being transferred. Hood Packaging is also acquiring the industrial packaging business of TC Transcontinental’s Ontario, California plant, which represents approximately 15% of this plant’s revenues. Roop Nangia, Senior Vice President, Consumer & Beverage, TC Transcontinental Packaging, added: “We sincerely thank all of our talented employees for their contribution, commitment and performance.”
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Huhtamäki Oyj’s Interim Report January 1-September 30, 2024

Charles Héaulmé, President and CEO: Market conditions started to improve during the third quarter. While the situation improved compared to the first half of the year, the pace was moderate with differences between categories and geographies. Demand for pre-packed on-the-shelf food increased, particularly in egg packaging and in a volatile market, demand for flexible packaging continued to improve. Food-on-the-go volumes remained subdued, with consumers still feeling the impact of inflation and elevated market prices. The foodservice market has progressed more positively in North America than in other regions. The on-going war in the Middle East continued to affect global brands in some markets in the Middle East and Asia. Our comparable net sales remained at the previous year’s level in the third quarter and decreased by 1% during the first nine months of the year. During the third quarter, sales volumes increased while pricing pressure continued. Adjusted EBIT increased by 2% in the third quarter and 8% during the first nine months of the year with an improved adjusted EBIT margin reaching 10%. The profitability development was supported by our actions to improve efficiency. Free cash flow remained strong, reaching EUR 160 million at the end of the third quarter. While continuing to focus on future growth, the investments level was contained, enabling further reduction of net debt and resulting in a net debt to adjusted EBITDA ratio of 2.0. During the quarter, North America continued to deliver profitable growth, maintaining a strong adjusted EBIT margin. Flexible Packaging profitability continued to improve. Foodservice E-A-O margins were negatively impacted by low demand. Fiber Packaging profitability was weighed on by a lag in pricing, as raw material costs increased.
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IPG Launches iTRACK Data Collection System for Case Sealing Machines

IPG® (Intertape Polymer Group®), a global manufacturer of packaging and protective solutions across a diversified set of geographies and end-markets, will be exhibiting at Pack Expo International held at McCormick Place in Chicago from November 3-6, 2024. This year, the booth highlights ‘The IPG Advantage’ across packaging automation, consumables, and service programs. “IPG provides valuable solutions that enhance throughput, simplify processes, and minimize downtime—all from a single source,” says Jason Fisher, Vice President of Corporate Marketing at IPG. IPG proudly presents a comprehensive range of packaging automation solutions, including case sealers, case packers and erectors, A.I. vision systems, palletizers, tray packers, robotics, void fill systems, mailer systems, and more. These data-driven automated solutions are designed to reduce labor and increase efficiency.
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Metsä Board’s comparable operating result in 2024 January–September was EUR 73 million

Metsä Board’s CEO Mika Joukio: ”In 2024, demand for fresh fibre paperboards has clearly improved from last year’s record-low level, although demand growth has been somewhat slower than expected. At the beginning of the year, demand was boosted by restocking in the value chain, which levelled out towards the end of the first half. In July–September, the demand and price situation for paperboards was similar to the previous quarter. Due to higher living costs, consumers’ purchasing behaviour remained relatively cautious, and consumption is more focused on services than on products. Metsä Board’s first half was overshadowed by the political strikes in Finland and the gas explosion at Metsä Fibre’s Kemi bioproduct mill. These caused us large production and sales losses and significant additional costs. We expect the negative impact on the operating result to total EUR 65 million, including the impact of Metsä Fibre’s share of the result. The July–September result includes EUR 23 million in insurance compensation related to the gas explosion in Kemi. Negotiations with the insurance consortium are still ongoing.
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Metsä Group’s comparable operating result in January–September 2024 was EUR 170 million

President and CEO Ilkka Hämälä: The economy continued to be weak in the third quarter of 2024. In the wood market, trade was normal, and prices remained at a record high, compared with figures across the last two decades. A high cost level combined with low demand across the board resulted in a weak result for the third quarter. The quarterly result was significantly improved by the business interruption insurance compensation for the accident at the Kemi bioproduct mill, which was allocated to the first half. Negotiations on the final insurance compensation are still underway, but EUR 67 million in compensation was recorded for the third quarter. The slowdown in the construction industry continues, and there are no signs of a change in the demand for sawn timber and plywood. Demand for Kerto® LVL has remained strong, proving the product’s competitiveness in construction industry solutions. In China, the pulp market picked up in September, and prices began to gradually increase in softwood pulp trade. Demand remained stable in the European pulp market even though prices continued to decrease, still remaining higher than the price level in Asia. In Europe, the paperboard market continues to be affected by Asian paperboard imports to regions neighbouring the EU such as Türkiye. In the US, the market situation has remained slightly stronger than in Europe. As is typical of consumer products, demand for tissue papers has been stable, and profitability has remained at a reasonable level.
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Silgan Announces Third Quarter 2024 Results

Silgan Holdings Inc., a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, today reported third quarter 2024 net sales of $1.75 billion and net income of $100.1 million, or $0.93 per diluted share, as compared to third quarter 2023 net sales of $1.80 billion and net income of $110.6 million, or $1.02 per diluted share. "Our third quarter results continued to benefit from the success of our long-term strategic growth initiatives, the power of the Silgan portfolio and the strength and agility of our operating teams," said Adam Greenlee, President and CEO. "We are pleased to have recently closed the Weener acquisition and to welcome 4,000 new Silgan Team members. This acquisition further expands the breadth, depth and reach of our best-in-class and winning global dispensing business."
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Smurfit Westrock Reports Third Quarter 2024 Financial Results

Tony Smurfit, President and CEO, commented: “I am pleased to report an excellent performance for the third quarter, the first for Smurfit Westrock. The Net Loss for the quarter of $150 million was primarily due to transaction related expenses and purchase accounting adjustments totalling approximately $500 million. With Adjusted EBITDA1 of $1,265 million and an Adjusted EBITDA Margin1 of 16.5%, these results are a strong foundation to build upon. “Our established track record of delivering value to our customers through service, quality and innovation is already beginning to yield results. Equally, we believe our focus on plant level autonomy, operational improvement and profitability will deliver in time, benefits at least equal to the stated synergy target of $400 million. “Our third quarter performance, combined with our deeper knowledge of the Combination and continuing asset optimization, clearly points to the opportunities ahead for Smurfit Westrock. We are at the start of our journey to build the ‘go-to’ sustainable packaging partner of choice, a global leader with an unrivalled scale, geographic reach and product portfolio. Having spent the last number of months visiting our plants, it is also clear that our people are excited and motivated to be a part of this journey.
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Stora Enso strengthens wood supply chain to its packaging board site in Oulu by acquiring a Finnish sawmill company

Stora Enso has entered into an agreement to acquire 100% of the Finnish sawmill company Junnikkala Oy. This acquisition aims to secure a cost-efficient wood supply to Stora Enso’s packaging board site in Oulu, Finland, and to support Stora Enso’s wood products business with new production assets. The total enterprise value (EV) for the transaction is up to EUR 137 million, a significant part of it being contingent upon achieving specific production milestones. The transaction is subject to customary closing conditions including regulatory approvals, and is expected to close in the first half of 2025. Junnikkala Oy is a Finnish producer of sawn timber and processed wood products for domestic and export markets. It operates three sawmills in Finland including its new state-of-the-art sawmill, less than 10 kilometres from the Stora Enso Oulu site.
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Quad reports third quarter and year-to-date 2024 results

Joel Quadracci, Chairman, President and CEO of Quad, said: “During the third quarter, we continued our focus on differentiating ourselves as a marketing experience, or MX, company, including investments in innovative solutions that align with our growth priorities. I am pleased to report that our in-store retail media network is expanding and producing measurable results for both retailers and consumer brands. Already, we have launched a test phase of In-Store Connect by Quad in 15 stores with The Save Mart Companies and are rolling out testing phases with two additional grocery chains by year end. “In the third quarter, we also announced an exciting collaboration with Google Cloud to launch AI-powered solutions that will enable brands to create highly personalized content at scale across multiple marketing channels. By combining our data expertise with Google Cloud’s advanced AI capabilities, we not only will improve audience targeting, but will also reimagine how brands connect with consumers through streamlined, automated solutions that drive impactful results without compromising their unique brand voice.
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Clearwater Paper Releases 2024 Sustainability Report, Highlighting Progress and Achievements

Clearwater Paper Corporation released its 2024 Sustainability Report, an annual update on the company’s progress against their multi-year sustainability goals. Aligned with the company’s strategic sustainability framework, Everyday Responsibility, the report details sustainability work and initiatives spanning three distinct yet equally important pillars: Resource Stewardship, Trusted Products, and Thriving People and Communities. “Reflecting on 2023, I am pleased with what we accomplished throughout the year,” said Arsen Kitch, president and chief executive officer. “All our people play a role – every day – in ensuring that we make and deliver excellent products in sustainable ways and work collaboratively with our stakeholders and each other.” This year’s report shares progress the company made throughout 2023, as well as impactful stories and achievements that exemplify Clearwater Paper’s commitment to Everyday Responsibility.
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Billerud Interim report January–September 2024

Comments by the CEO: The third quarter was another solid quarter for Billerud. As we had planned, our net sales grew, and profitability improved in both regions. The positive profitability trend we have seen from the beginning of the year continued. The Group’s EBITDA margin ended at 14%, our strongest result since Q4 2022. Production stability was solid in the quarter and our scheduled maintenance stops in three mills went according to plan. Yet again, region North America delivered an excellent financial performance with double digit sales growth and 18% EBITDA margin. All our categories in the US contributed to the strong result. In Region Europe, our fiber cost continued to increase, while most other input costs declined. Also for this quarter, we were successfully able to offset the cost inflation by proactive pricing and portfolio management for Europe. This is key and it will continue to be one of our top priorities going forward. Region Europe reached an EBITDA margin of 16%, the highest profitability in two years. Our efficiency enhancement program continues to deliver structural savings. Disciplined work to eliminate price point outliers in the customer base as well as to increase our field-purchased pulpwood in the vicinity of our Swedish mills produces positive effects.
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Drytac announces global availability of Paper Fleece Smooth

Drytac, the leading international manufacturer of self-adhesive materials for the large-format print and signage markets, is delighted to announce the global availability of Paper Fleece Smooth. The product has proved hugely successful since initially launching in the UK earlier this year and will be made available to customers in other regions worldwide from October 24th 2024. This printable non-woven paper fleece wallcovering is PVC-free, making it an effective, environmentally friendly solution for interior décor work in settings such as homes, retail stores, hotels and offices. Its photorealistic print quality produces sharp, detailed graphics with quick drying times and is ideal for creating stunning, vivid designs.
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Avery Dennison Announces Third Quarter 2024 Results

“We delivered a strong third quarter with strong earnings growth, above expectations, driven by higher volume and productivity gains,” said Deon Stander, president and CEO. “Both our Materials and Solutions Groups delivered strong bottom-line growth. “In Intelligent Labels, we are delivering another year of strong growth and continue to see significant opportunity ahead. Adoption of our solutions in new categories is increasing, particularly in Food, as the value of our technology in helping address key industry challenges continues to resonate with customers. “We have raised our full-year outlook for adjusted earnings per share. We continue to remain confident that the consistent execution of our strategies will enable us to meet our long-term goals for superior value creation for all our stakeholders,” added Stander. “Once again, I want to thank our entire team for their continued resilience, focus on excellence and commitment to addressing the challenges at hand.”
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AF&PA Releases Q3 2024 Containerboard Quarterly Report

According to the report, total Containerboard production in Q3 increased 3% compared to Q3 2023. It was up 6% when compared to the same nine months of 2023. Operating rates for all major grades except Recycled Medium declined compared to Q2 2024, but total production was essentially the same between the two quarters. Production for export decreased nearly 15% from Q2 and was the lowest quarter so far in this year, but is still up more than 26% year-to-date due to the weak export numbers in the first half of 2023. Recycled Medium had a very strong quarter with production exceeding 1.9 million tons and the operating rate above 90% for the first time since Q2 2022. Semichemical Medium production on the other hand dipped below 1 million tons for the quarter due to particularly weak September numbers. New supply for Q3 increased 2.8% from Q2 and was the highest it has been since Q2 2022, with strong domestic production and imports indicating growing demand for containerboard stateside, compared to the slightly weaker exports.
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AF&PA Releases Q3 2024 Boxboard Quarterly Report

Total Boxboard production in Q3 increased 10% compared to Q3 2023. The boxboard operating rate was 89.0%, up 8.1 points from the same quarter last year and up 3.2 points year-to-date. Solid Bl. Folding – Domestic production increased 18% compared to Q3 2023. Solid Bleached Boxboard unmade orders were down 3% compared to the end of the previous quarter and increased 62% compared to September 2023. Tube, Can & Drum – Domestic production increased 1% compared to Q3 2023, and was up 1% when compared to the same 9 months of 2023.
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Tronox Reports Third Quarter 2024 Financial Results

Chief Executive Officer John D. Romano commented, “Tronox’s third quarter results demonstrated continued demand recovery compared to the prior year, though ultimately came in below our expectations as a result of softer than anticipated market conditions as the pace of the recovery slowed late in the quarter. Orders in North America and Latin America met our expectations, while demand in Europe and Asia Pacific was softer than forecasted in the last month of the quarter. Our TiO2 volumes declined 7% sequentially, outside our guidance of a 2-4% decrease compared to the second quarter. Zircon volumes declined 12% sequentially, below our expectation of relatively flat volumes compared to the second quarter, due partially to orders rolling from the third quarter to the fourth quarter as well as weaker than expected demand in China. “On operations, we successfully achieved our targeted average production utilization rate of ~80% for the quarter. However, we have not yet seen the benefit of the lower cost inventory flowing through due to weaker than forecasted demand. The impacts from a weaker market environment along with higher freight costs drove the miss relative to our previously guided range of $145-165 million, resulting in a third quarter Adjusted EBITDA of $143 million and an Adjusted EBITDA margin of 17.8%. Lower sales volume also drove higher finished goods inventory, resulting in a neutral impact from working capital in the quarter.”
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UPM Interim Report Q3 2024:Comparable EBIT +32% from last year in a challenging market

Massimo Reynaudo, President and CEO, comments on the results: "Our Q3 results improved both year-on-year and quarter-on-quarter, with a significant contribution from the fully ramped-up UPM Paso de los Toros pulp mill. The earnings improvement, albeit good, was lower than earlier expected as the market demand of our products slowed down after the encouraging start of the year. We took measures in several of our businesses to safeguard profitability and we continue to take decisive actions to ensure the competitiveness of our businesses and support our growth ambitions. Our Q3 sales were EUR 2,521 million and our comparable EBIT increased by 32% to EUR 291 million. Our net debt was EUR 2,804 million, 1.59 times EBITDA. Cash funds and unused committed credit facilities totalled at EUR 3.7 billion at the end of the quarter, following the successful issuance of our fourth Green Bond, for EUR 600 million, in August."
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Berry and Glatfelter Announce Information for Anticipated Completion of Spin-Off and Subsequent Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter

Berry Global Group, Inc. and Glatfelter Corporation announced that Berry has set a record date of the close of business on November 1, 2024 for the proposed spin-off of its Health, Hygiene and Specialties Global Nonwovens and Films business. The spin-off and merger of Berry’s HHNF Business with Glatfelter are expected to be completed on November 4, 2024, subject to the satisfaction or waiver of the closing conditions for the transaction. As previously announced, in connection with the merger, Glatfelter will effect a reverse stock split and change its name to Magnera Corporation. Subject to the satisfaction or waiver of the closing conditions, on November 4, 2024, (1) Berry will distribute all of the shares of stock of its wholly owned subsidiary that owns the HHNF Business to Berry stockholders as of the close of business on the November 1, 2024 record date by means of a pro rata distribution, (2) Spinco will merge into a subsidiary of Magnera, and (3) the shares of Spinco distributed to Berry stockholders will convert into the right to receive Magnera shares, as illustrated in the hypothetical below. Upon completion of the merger, Berry stockholders are expected to collectively own approximately 90% of the outstanding shares of Magnera common stock on a fully-diluted basis, and current Glatfelter shareholders are expected to collectively own approximately 10% of the outstanding shares of Magnera common stock on a fully-diluted basis.
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Publishers Join with Worldwide Coalition to Condemn the Theft of Creative and Intellectual Authorship by Tech Companies for Generative AI Training

The Association of American Publishers (AAP) joined forces with more than 10,000 creators and coalition partners, including authors, musicians, actors, artists, and photographers, to condemn the theft of creative and intellectual authorship by big tech companies for use in their Generative AI models. In fact, these consumer-facing models and tools would not exist without the books, newspapers, songs, performances, and other invaluable human expressions that were—and continue to be—copied, ingested, and regenerated in blatant disregard of the law. This is a crucial time for AI policy development globally, as authors and their publishers call on their governments and courts to uphold the most fundamental of copyright principles: Reproducing works of authorship, and creating derivatives of them, requires the clear consent of those who created, invested in, and otherwise made them possible in the first place. “The Association of American Publishers is proud to stand with thousands of creators and partner organizations to highlight that human authorship is the basis of Generative AI,” said Maria A. Pallante, President and CEO. “What is true is that creators operate in service to a well-read, informed, and inspired global public, not the unsanctioned, unregulated profits of big tech companies. It goes without saying that technology collaborations are a key part of publishing, but they are built on lawful licenses and respect, not a land grab.”
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Streamlining FSC-certified companies’ EUDR journeys: Critical EU updates

The European Commission announced a proposal for an extra 12 months of phasing-in time of the EUDR. FSC continues to strongly support the creation of deforestation-free markets, in Europe and worldwide, while underlining the continued urgency of swift action to prevent deforestation. Read our response here. FSC remains committed to supporting EUDR implementation and business compliance in the timber and rubber value chains and we encourage companies to continue their preparations. To do so, the following critical updates, clarifications, and resources, recently released by the Commission complements FSC’s mission to streamline the compliance journey. All these materials can be found on the revamped EUDR website. Guidance document: This long-awaited, non-binding guide complements the EUDR text and will be useful for both operators and Competent Authorities. It features sections for legality, timelines, certification systems, and product scope.
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ATA Truck Tonnage Index Decreased 2.1% in September

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 2.1% in September after rising 1.7% in August. In September, the index equaled 113.2 (2015=100) compared with 115.6 in August. “After increasing a total of 2.1% in July and August, tonnage fell by that amount in September,” said ATA Chief Economist Bob Costello. “Freight has been very choppy this year, but despite the latest drop, tonnage is up 1.8% since hitting a low in January. No doubt, the climb up has been slow and difficult as manufacturing activity remains flat, but the trend is up, not down.” August’s increase was revised down slightly from our September 24 press release. Compared with September 2023, the index fell 0.9%, after rising 0.6% in August from a year earlier.
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Packaging Corporation of America Reports Third Quarter 2024 Results

Packaging Corporation of America reported third quarter 2024 net income of $238 million. Third quarter net sales were $2.2 billion in 2024 and $1.9 billion in 2023. In the Packaging segment, corrugated products shipments per day were up 11.1% over last year’s third quarter and total shipments, with one additional shipping day, were up 12.9%. Shipments per day were up 5.8% versus the second quarter of 2024 and total shipments, with one less shipping day, were up 4.1%. Containerboard production was 1,293,000 tons, and containerboard inventory was up 25,000 tons from the third quarter of 2023 and down 3,000 tons compared to the second quarter of 2024. In the Paper segment, sales volume was up 4% versus the third quarter of 2023 and up 5% versus the second quarter of 2024. Commenting on reported results, Mark W. Kowlzan, Chairman and CEO, said, “In the Packaging segment, we had great implementation of our previously announced containerboard and corrugated products price increases. Very strong demand throughout the quarter led to all-time quarterly records for containerboard production, total box shipments and shipments per day. We were able to meet this demand, and our customers’ quality and service needs, through the operational benefits of our capital spending program and the continued great focus and execution by our sales, customer service, mill and corrugated products plant employees. Our Paper segment had excellent results with our previously announced price increases implemented as planned, volume above forecasted levels, and well-managed mill operations. Fortunately, none of our facilities were significantly impacted by the two hurricanes during the quarter.”
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Stora Enso decides to discontinue the divestment process of its Beihai production site in China (Inside information)

Stora Enso has decided to discontinue the divestment process for its Beihai packaging board production site and forestry business, announced in December 2022. Stora Enso is of the view that the value in own use of the assets exceeds the achievable transaction value, and has therefore chosen to retain these operations within the Group. Stora Enso’s strategic ambition is to build on its global leading position in the fiber-based packaging market. The business of the Beihai site will be developed through a continued focus on operational excellence, cost optimisation, and product development. By adjusting the product mix to increase the share of liquid packaging board and other premium grades, the Beihai site will strengthen Stora Enso’s leading position as a global supplier. No significant capital expenditure is expected in the mid-term.
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SCA is committed to SweTree Technologies’ pilot facility for SE plants

SCA has become a co-owner of SE technology and the pilot facility developed and operated by SweTree Technologies. With SE technology, it is possible to quickly and efficiently produce more plants from the best seed material from forest breeding. SweTree Technologies is running a pilot project to develop automated plant production via Somatic Embryogenesis (SE) in collaboration with forestry companies Stora Enso, Sveaskog, Södra, and Holmen. Now, SCA has also joined the project as an SE company and become a co-owner of SE technology and the pilot facility developed and operated by SweTree Technologies. So far, the development has focused on spruce plants, but with SCA's involvement, SweTree has also started the development of SE technology for pine. This is being done jointly with all participating companies, parallel to the ongoing development for spruce.
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RYAM Restarts Jesup A Line Ahead of Schedule; Full Operations Anticipated around October 28th

Rayonier Advanced Materials Inc., a leader in High Purity Cellulose, announced that power has been fully restored to its Jesup, Georgia site and that the A Line has restarted operations. The A Line, which primarily produces cellulose specialties for use in filtration, food and pharmaceuticals, and tire cord, is currently operating at approximately 80 percent capacity, with an anticipated ramp-up to full capacity within a week. Repair work on the B line is ongoing and is expected to be completed with a restart on or around October 28. The Company continues to assess the financial cost of the incident along with any potential insurance recovery. Further financial updates will be provided during its third-quarter earnings call in early November.
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Rottneros interim report January-September 2024

Statement by the CEO: Our production remained relatively stable in the third quarter, but rising raw material costs continued to negatively impact our earnings. Although the chemical pulp market experienced a slight slowdown, our customers continue to show interest in expanding volumes in our chosen niches. All three major investment projects at our mills are starting up this fall. As before, safety, efficiency, and high availability at our mills are of the utmost importance to ensure that our employees feel safe in their workplace and can achieve optimal results despite external challenges. Total production for the group increased by 2 percent compared with the same quarter last year. EBIT fell by 9 MSEK to 40 MSEK, mainly due to higher wood costs, which increased by about 40 MSEK. Gradually rising competition for pulp wood is driving prices upward. Meanwhile, our own supply of wood and wood chips remains strong, largely due to our long-term efforts to foster close relationships with our suppliers, which are mainly sawmills and timber companies.
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Avery Dennison Announces Third Quarter 2024 Results

“We delivered a strong third quarter with strong earnings growth, above expectations, driven by higher volume and productivity gains,” said Deon Stander, president and CEO. “Both our Materials and Solutions Groups delivered strong bottom-line growth. “In Intelligent Labels, we are delivering another year of strong growth and continue to see significant opportunity ahead. Adoption of our solutions in new categories is increasing, particularly in Food, as the value of our technology in helping address key industry challenges continues to resonate with customers. “We have raised our full-year outlook for adjusted earnings per share. We continue to remain confident that the consistent execution of our strategies will enable us to meet our long-term goals for superior value creation for all our stakeholders,” added Stander. “Once again, I want to thank our entire team for their continued resilience, focus on excellence and commitment to addressing the challenges at hand.”
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REI Co-op announces lineup of new store openings in 2025 and an early peek at 2026

Specialty outdoor retailer REI Co-op today announced its lineup of 2025 store openings as part of the company’s efforts to support the active lifestyles of its membership and outdoor communities. Stores will open in six communities next spring and summer, including the California cities of Carlsbad, Chico and Elk Grove as well as in Amherst, New York; Durango, Colorado; and Lynnwood, Washington. The company also shared its intent to open in Prosper, Texas in 2026, which joins a previously announced St. George, Utah store. Additional stores for 2026 will be announced as leases are finalized. “Our store employees are the heart of the co-op, and they welcome everyone to experience our product expertise, resources and inspiration in support of an active lifestyle,” said Mary-Farrell Tarbox, REI vice president of Stores. “Cities that will have new stores represent communities that serve as a gateway to some of the country’s most incredible natural places and where our members currently live or destinations where they love to play outside.”
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Mittera Acquires Rex3, Expands Into Trading Cards and Collectibles

Mittera announces the acquisition of Rex3, a Florida-based commercial printer known for its expertise in specialty print production, direct mail, and trading card manufacturing. This acquisition strengthens Mittera’s portfolio of services while providing Rex3 clients access to Mittera’s national platform and integrated technology and creative service solutions. “This acquisition allows us to accelerate our growth strategy by adding specialized manufacturing capabilities and tapping into the surging collectibles market,” said Jon Troen, CEO of Mittera. “Rex3’s clients will now benefit from Mittera’s nationwide footprint and cutting-edge technology, ensuring we meet the evolving needs of today’s marketplace.”
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Quad amends and extends bank debt agreement to October 2029

Quad/Graphics, Inc. announced that it has completed the ninth amendment to the Company’s April 28, 2014, bank debt agreement to: (1) reduce the aggregate amount of the existing revolving credit facility from $342.5 million to $324.6 million, and extend the maturity of a portion of the revolving credit facility such that $17.7 million under the revolving credit facility will be due on the existing maturity date of November 2, 2026 and $306.9 million under the revolving credit facility will be due on October 17, 2029; (2) extend the maturity of a portion of the existing term loan facility such that $14.5 million of such term loan facility will be due on the Existing Maturity Date and $351.3 million will be due on the Extended Maturity Date; (3) make certain adjustments to pricing, including an increase of .50% to the interest rate margin applicable to the loans maturing on the Extended Maturity Date; and (4) modify certain financial and operational covenants. Tony Staniak, Quad Chief Financial Officer, said: “We are pleased to have completed the amendment and extension of our $690 million bank debt agreement, which extends the maturity to October 2029, due to our strong relationships with a syndicate of premier banks and our disciplined financial management. By the end of 2024, we anticipate we will have reduced our debt by over $670 million, or 65%, from January 1, 2020, and we will continue to focus on debt reduction with our capital allocation. This debt extension provides us with additional financial flexibility to focus on the growth and development of our offerings as a marketing experience company while returning capital to our shareholders.”
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Kimberly-Clark Announces Third Quarter 2024 Results

"Our third quarter results reflect strong execution across the business as we transform our organization," said Kimberly-Clark Chairman and CEO, Mike Hsu. "I'm very proud of our teams' ability to deliver organic top-and-bottom-line growth, driven by market share gains and improved productivity, even against the backdrop of a dynamic consumer environment." Hsu continued, "With our Powering Care strategy in full swing, we are accelerating our innovation pipeline and reducing costs to deliver higher-quality consumer solutions for every price point, and simplifying our operational structure so that we can be faster and more responsive in our markets. We are on track to deliver strong operating profit, margin, and EPS growth in 2024 while investing to maintain our business momentum into 2025." Quarter Highlights: *Net sales of $5.0 billion were down 4 percent, with organic sales growth of 1 percent versus the prior year. *Reported gross margin was 36.0 percent, adjusted gross margin was 36.7 percent, up 90 basis points versus the prior year, driven by strong gross productivity gains.
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Companies Move Away From Single-Use Plastics in Packaging

The push to reduce single-use plastics in packaging has gained momentum as companies respond to growing pressure from legislation, corporate sustainability goals, and shifting consumer preferences. Companies are largely moving towards alternatives like paper-based packaging, yet there are both benefits and challenges to this transition, particularly around recyclability. Governments and organizations worldwide are enacting legislation to reduce plastic waste, driven by the environmental impact of single-use plastics, which contribute to pollution, climate change, and harm to wildlife. For example, recent U.S. policies aim to limit plastic pollution, reflecting a broader trend of regulatory action against single-use plastics. The U.S. federal government is the largest buyer of consumer goods in the world. A report released by the administration in July detailed the administration’s plan to phase out federal purchases “of single-use plastics from food service operations, events, and packaging by 2027, and from all federal operations by 2035.” The report says this action could significantly impact the supply of plastic products, while the government seeks tougher regulations on plastics manufacturers.
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New measures are needed to strengthen the state of nature in forests

The first results of the Natural Resources Institute Finland on the forests of Metsä Group's owner-members demonstrate the need for new initiatives that increase biodiversity. According to indicators, biodiversity in forests has developed both positively and negatively over the past decades. Based on the results, the number of trees and also deciduous trees has increased significantly. The increase in the number of trees based on our native tree species indicates a positive development for their companion species. Increasing the proportion of deciduous trees is an important measure in adapting to climate change and also significant for the health of forests. It is good to regenerate forests into mixed forests using, for example, pine-spruce mixed cultivation, as well as increasing the share of birch through natural regeneration. In addition, it is increasingly important to protect less common deciduous trees in order to safeguard biodiversity.
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Guess launches online recycling program

Guess Inc. is stepping up its sustainability efforts with the launch of “Guess Again,” a new apparel recycling program for U.S. online customers. The program launched Oct. 10 in partnership with textile recycling platform SuperCircle. Going forward, Guess will let consumers recycle pre-owned clothing from any brand, participating in a broader circular economy for retailers. Through the Guess website, customers can request a shipping label to send in unwanted clothing. In return, they receive Guess credits for future purchases. From there, SuperCircle handles the rest of the process. Later steps include collecting and sorting the clothes, as well as disassembling them. Then, materials are sent to recycling partners that specialize in different fibers.
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PEFC achieves a major milestone in the recognition process of RED II by the European Commission

On 11 October 2024, the European Commission announced the positive technical assessment for the PEFC RED II certification. The European Union’s (EU) Revised Renewable Energy Directive (RED II) is the Directive (EU) 2018/2001 of 11 December 2018 on the promotion of the use of energy from renewable sources. Under RED II, the European Commission (EC) can recognise voluntary certification schemes as compliant with the rules included in the RED II to help verifying that the production of fuels and energy from forest biomass complies with the EU sustainability criteria as well as relevant methodologies. By using voluntary certification schemes, participating economic operators can demonstrate their compliance with the RED II sustainability and greenhouse gas saving criteria and provide the necessary assurances. To achieve recognition from the European Commission, PEFC has developed a set of new standards: the PEFC RED II standards. The PEFC RED II scheme is built up over the PEFC Chain of custody. PEFC RED II certification covers forest biomass, ligno-cellulosic material derived from processing residues originating in forest-related industries, waste, and biomass fuels produced from ligno-cellulosic material for heating, cooling, and electricity production.
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Crown Holdings, Inc. Reports Third Quarter 2024 Results

Net sales in the third quarter were $3,074 million compared to $3,069 million in the third quarter of 2023 reflecting higher shipments of both global beverage cans and food cans in North America, offset by lower volumes in most other businesses and unfavorable foreign currency translation of $9 million. Income from operations was $444 million in the third quarter compared to $374 million in the third quarter of 2023. Segment income in the third quarter of 2024 was $472 million, up 10%, compared to the $430 million in the prior year third quarter driven by improved results in global beverage operations, partially offset by the impact of lower volumes in Transit Packaging and the beverage can equipment business. Commenting on the quarter, Timothy J. Donahue, Chairman, President and Chief Executive Officer, stated, "The Company continued its strong 2024 performance during the third quarter, with results in each of its global beverage can businesses exceeding original expectations. Global beverage shipments improved 5% during the quarter, with Brazil, Europe, Mexico and the United States all recording increases of 5% or more. Segment income on a combined basis advanced 10% over the prior year third quarter, as the Company benefited from favorable manufacturing performance and exposure to a well-balanced portfolio of end markets. Transit Packaging performed in line with expectations while global manufacturing activity continues in contraction.
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Huhtamaki Expands Its Capacity for Fiber Lid Production to Lurgan, Northern Ireland

Huhtamaki is pleased to announce the commencement of smooth molded fiber (SMF) production at Huhtamaki’s existing molded fiber facility in Lurgan, Northern Ireland. This expansion marks an important step in Huhtamaki’s ongoing commitment to meeting the growing demand for sustainable packaging solutions.  This investment will increase Huhtamaki's global capacity and footprint in SMF products, complementing our existing SMF production sites in Germany, Holland, and the USA, as well as capacity created together with our strategic partners in Asia.  Building on Huhtamaki’s 40-year of experience in fiber products, our in-house state-of-the-art SMF technology provides products with superior quality and competitiveness. All Huhtamaki fiber lids come with a patented and unique click-fit function to ensure the most secure lid closure. Huhtamaki fiber lids, like all other Huhtamaki SMF products, are home compostable and easy to recycle. 
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Transport packaging with 70% Post-Consumer Recyclates (PCR) nominated for the PackNorth Award

The cutting-edge plastic film, designed to provide outstanding load stability, features 70% Post-Consumer Recycled (PCR*) content – a significant step toward circularity in transport packaging. By incorporating 70% PCR, the Stretch hood Loop70 demonstrates that sustainability and high performance can go together. Our customers can continue to rely on the same exceptional load stability and safety, ensuring protection for both goods and drivers, while significantly reducing the environmental footprint. The Stretch hood Loop70 is more than just another product – it represents our commitment to circularity and carbon reduction. At Trioworld, we are constantly pushing the boundaries of packaging innovation, combining circular solutions with industry-leading performance. By optimising film thickness and integrating recycled materials, we are setting new standards for tomorrow’s packaging solutions – making them available already today.
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Norske Skog: Higher market share in challenging publication paper market

Norske Skog’s EBITDA in the third quarter of 2024 was NOK 91 million, a decrease from NOK 471 million in the second quarter of 2024. Norske Skog implemented price increases for both containerboard and newsprint during the quarter to mitigate continued cost increases. Norske Skog received excellent feedback from containerboard customers as deliveries continued to grow. Despite signs of positive market developments for Norske Skog in the publication and containerboard markets, these markets are still experiencing excess capacity, thus closures are still required. “We are receiving excellent feedback from our customers on the quality of our containerboard products, which bodes well for our plan to deliver a total of 760,000 tonnes of packaging paper from Bruck and Golbey to the market in the coming years. We are particularly pleased to have strengthened our position in the newsprint market by increasing our market share through higher sales volumes in the third quarter of 2024 compared to the same quarter last year, especially in a declining market for publication paper,” says Geir Drangsland, CEO of Norske Skog.
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Wiley Launches New Partnership Innovation Program to Deliver AI Advantages for Researchers and Practitioners

At the Frankfurt Book Fair, Wiley announced the launch of Wiley AI Partnerships: A Co-Innovation Program. This initiative aims to develop new AI applications, assistants, and agents in partnership with innovative companies, to empower researchers and practitioners and help drive the pace, efficiency and accuracy of scientific discovery. A new Wiley survey revealed that 69% of researchers want to keep up with or be ahead of the curve in AI adoption in their field. At the same time, they require better tools to streamline their research and are looking for guidance and training about how to use AI responsibly and effectively. This new program is intended to help solve these challenges in collaboration with partner companies and researchers with the goal of improving the efficiency and caliber of research worldwide. “Researchers and practitioners are seeking more than generic AI tools – they need relevant applications that enhance and support their research endeavors. This new partnership program is designed to meet these needs by inviting collaboration with start-ups and scale-ups to deliver specialized AI solutions,” said Josh Jarrett, Senior Vice President and General Manager for AI Growth at Wiley. “Our goal is to accelerate AI tool development to unlock new discoveries, empower researchers to uncover hypotheses, run analyses at scale, simulate experiments before wet lab investment, connect findings to existing research, and enable global collaboration.”
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HMH Launches New Generative AI-Powered Classroom Engagement Tool to Support Whole Class Instruction

Adaptive learning company HMH today announced HMH Classcraft’s TM AI Summarization tool, which allows teachers to quickly understand student comprehension and adapt instruction in the moment. This innovative tool, powered by generative AI, analyzes open text responses from students working in small groups or individually and provides educators with a quick and insightful summary of how the class is doing, followed by helpful feedback recommendations. This new functionality makes it easier for educators to use proven instructional strategies like “turn and talk,” a common teaching method where peers discuss relevant classroom content with one another. Classcraft allows students to submit written comments during turn and talk conversations, which are then intelligently summarized by the GenAI and shared with the educator.
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Introducing Savvas PathMaker, a Complete Learning Solution for College and Career Readiness

Savvas Learning Company, a next-generation K-12 learning solutions leader, is excited to introduce Savvas PathMaker, a brand-new, all-in-one solution for college and career readiness that gives students a head start on post-high school success. Designed to offer flexibility for educators and choice for students, Savvas PathMaker delivers an exciting array of online dual-enrollment and career and technical education (CTE) courses that enable students to create their own personalized pathways and gain the skills and confidence to become college and career ready. Featuring the award-winning Outlier by Savvas dual-enrollment courses and the robust catalog of innovative Savvas CTE courses, including many that prepare students for industry-recognized certification exams, Savvas PathMaker gives students the opportunity to discover their passions, develop skills and knowledge, and prepare for the next stage of their life, whether that be college, career, or both.
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Metsä Board develops new lightweight micro-flute packaging for HejBuddy cosmetics brand

Metsä Board, a leading European producer of premium fresh fibre paperboards, has developed a multipurpose, space-saving promotional packaging for HejBuddy, a Finnish cosmetics brand. Offering flexibility and luxury appeal, the new lightweight packaging is made of micro-flute corrugated board using Metsä Board’s white kraftliner. The new packaging is 50% lighter than a traditional rigid box made of recycled fibres. Traditionally, rigid boxes are imported from Asia as assembled packaging, which requires a lot of container space. The new packaging developed by Metsä Board requires minimal storage capacity as it can be easily folded into a box when necessary. Once the packaging has been used, it can be unfolded and recycled easily.
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Mondi Trading Update Q3 2024

Mondi provides an update on trading for the three months to 30 September 2024 (“Q3 2024”). Underlying EBITDA for the quarter was, as expected, lower than the previous quarter, at €223 million (Q2 2024: €351 million). This was primarily due to more planned maintenance shuts and a forestry fair value loss, which together resulted in a difference between the third quarter and second quarter of approximately €90 million. This was in addition to softer seasonal demand and higher input costs. Selling prices in Corrugated Packaging and Flexible Packaging were higher when compared to the previous quarter due to the implementation of paper price increases earlier in the year. After a recovery in pricing at the start of the year, pulp and paper selling prices in Uncoated Fine Paper declined in the quarter. Andrew King, Chief Executive Officer, said: “While we are seeing the benefits from the increase in prices earlier this year across our key paper grades, trading conditions remain muted against the backdrop of an uncertain macroeconomic environment. In the fourth quarter there will be fewer planned maintenance shuts, and we expect the normal seasonal pick-up in demand.
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Postal Service Ready to Deliver for 2024 Holiday Season

The U.S. Postal Service is primed and ready to deliver exceptional service during the 2024 holiday rush, thanks to the substantial progress USPS has made under the Delivering for America plan — a $40 billion investment aimed at revitalizing the national postal network. Throughout 2024, USPS has been relentlessly working toward the objectives of its 10-year Delivering for America plan. By harnessing the power of network modernization, an upgraded delivery fleet and the successful launch of the USPS Ground Advantage and USPS Connect services, the Postal Service is building a reenergized, nationwide integrated mail and package network.
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REI Co-op Urges Washington Voters to Reject Ballot Initiative 2117

As a co-op, we often ask our members, employees and broader community to support policies that enable everyone to enjoy time outside. In recent years, we’ve collectively supported the protection of 246 million acres of U.S. lands and waters; $45 million in federal funding for safe trails to bike and run; and more than $1 billion in funding for state parks. Today we are raising our collective voice in opposition to Washington Ballot Initiative 2117. If ratified by voters in a few weeks, I-2117 would strip billions of dollars in climate investments across our home state—draining programs that support air quality, transportation, wildlife habitats, wildfire prevention, recreation infrastructure, and the health of our public lands and waters.
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Amazon Ads Launches New AI Tools for Advertisers – AI Creative Studio and Audio Generator

At unBoxed 2024, Amazon Ads introduced AI creative studio and Audio generator, two new generative AI tools designed to lower creative barriers and expand opportunities for advertisers to scale their reach. By building a suite of self-service, AI-powered tools, Amazon Ads is enabling brands of all sizes to create engaging content across media types and eliminating boundaries across ad formats. With Audio generator, Amazon Ads expands its suite of AI-powered creative tools – including Image generator and Video generator – empowering brands to connect with customers across the shopping journey. These tools make it simple to build and activate new campaign creatives, helping brands experiment more freely and optimize based on performance – with little more than the information on their Amazon product page. According to Amazon Ads findings, on average, brands who used Image generator between October 2023 and June 2024 saw almost 5% more sales per advertiser.
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A call to dialogue: How can we make the forest sector increasingly sustainable?

Metsä Group recently launched a national media campaign “Growth, with a future”. It comes at a time when the requirements for sustainability communication are becoming increasingly strict due to stricter regulation and critical attitudes. As things stand, many marketing professionals may consider a campaign communication strategy known as greenhushing. It means that companies opt to remain silent about sustainability themes to avoid critical attention. This approach may be adopted accidentally, or it may stem from not knowing how to communicate about sustainability, with our world and its regulations in a continuous flux. Greenhushing may also be a conscious choice. Things that just a few years ago were considered typical marketing measures can easily be labelled as greenwashing today. What may seem like minor miscalculations can quickly blow up into a media storm and lead to reputational damage. It’s positive that people today are more conscious, and that greenwashing is recognised more easily. This encourages businesses to pursue genuine sustainability efforts and prevents communication becoming empty words.
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Canfor Pulp Announces President and CEO

John Baird, Chairman of Canfor Pulp Products Inc. Board of Directors announced that Stephen Mackie has been appointed President and Chief Executive Officer of Canfor Pulp effective November 1, 2024. “With almost twenty years at Canfor and 30 years in the forest products industry, Stephen is a proven executive with an extensive background in operations,” said John Baird. “We are very pleased that Stephen has agreed to take on this important role and we believe that his in-depth knowledge of the fibre dynamics in BC make him particularly well positioned to lead Canfor Pulp at this time.” Mr. Mackie will also retain his responsibilities as Executive Vice President, North American Operations of Canfor Corporation.
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Adobe Puts Greater Power & Possibility in Hands of Creators, Teams & Marketers at Adobe MAX 2024

Adobe brought together the global creative community for the kickoff of Adobe MAX 2024 – the world’s largest creativity conference – where it introduced over one hundred new Creative Cloud features, including groundbreaking capabilities powered by Adobe Firefly that offer creators unprecedented power to create, collaborate and conceptualize ideas while empowering them to work more productively. Major updates to Adobe Express and an all-new Frame.io deliver new workflows to streamline collaboration for creative teams and their stakeholders. Adobe announced a new Firefly Video Model (beta) and breakthroughs in its Firefly Image, Vector and Design models, delivering significant enhancements to its family of generative AI models that are designed to be commercially safe. For enterprises, Adobe announced the general availability of GenStudio for Performance Marketing, the latest application within Adobe GenStudio, an end-to-end content supply chain solution that optimizes the process of planning, creating, managing, activating and measuring content for marketing campaigns and personalized customer experiences.
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Google Puts Data-Retention Limits On Advertising

Google Ads will implement a data-retention policy on November 13 that limits historical data access to 11 years. Data-retention policies have become a major point of contention between advertisers and the platforms they do business with. The industry trend toward shorter data cycles certainly played a role in Google’s decision as privacy concerns have mounted and global industry trials have increased.
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‘Ascending,’ Magazine For Women, Debuts In Print

Ascending magazine, a periodical designed to inspire and guide women throughout their professional careers, is about to launch its inaugural Fall/Winter 2024 print edition. Each issue will provide essays, stories, advice and interviews in a bid to challenge the norms of the digital landscape. The debut edition is now available as a single issue or as part of an annual subscription.
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Opinel reaffirms its commitment to sustainability of forest heritage through PEFC certification

Opinel, a symbol of French craftsmanship and proud ambassador of the Savoie region in France, has taken another step forward in its commitment to forest sustainability. During an official ceremony at its Chambéry workshops, the company was awarded PEFC certification, confirming that the wood used in its iconic knives comes from sustainably managed forests and controlled sources. For 135 years, world-renowned company Opinel, has continued to stand out for its local roots, unique expertise, and environmentally friendly approach. The achievement of PEFC certification strengthens this historic commitment.
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Silgan Completes Acquisition of Weener Packaging

Silgan Holdings Inc. announced that it has completed its acquisition of Weener Plastics Holdings B.V., a leading producer of differentiated dispensing solutions for personal care, food and healthcare products. Weener operates a global network of 19 facilities predominantly in Europe and the Americas, with approximately 4,000 employees and proprietary manufacturing technologies including significant clean room capabilities. The Company funded the purchase price for this acquisition and related costs and expenses through term and revolving loan borrowings under its senior secured credit facility, including a €700 million incremental term loan. Silgan expects to realize operational cost synergies related to the acquisition of approximately €20 million within 18 months. The transaction is expected to be slightly accretive to adjusted earnings per share in 2024, with approximately 10% accretion once fully integrated and with synergies achieved. Silgan is a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products with annual net sales of approximately $6.0 billion in 2023. Silgan operates 124 manufacturing facilities in North and South America, Europe and Asia.
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Smurfit Westrock creates Quality solution to drive down emissions for Nestlé

Smurfit Westrock has worked with Nestlé to launch an innovative, paper-based tub for its iconic Quality Street sweets this Christmas. The beautifully designed pack is the first of its kind to hit supermarket shelves. Nestlé approached the packaging leader to create the trial pack as part of its ongoing initiative to reduce virgin plastic. The redesign also enables more boxes to fit on a pallet and has the potential to reduce CO2 emissions significantly. The introduction of the paper tub follows on from Nestlé switching to paper wrappers for the Quality Street sweets back in 2022, which diverted over 2 billion wrappers from landfill. Now, both the box itself and the wrappers can be put into household recycling at the end of use.
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Flint Group’s Evolution range helps Optimum Group excel in shrink sleeve recycling

Optimum Group, a leading supplier of self-adhesive labels and flexible packaging, has improved the recyclability of its shrink sleeves after adopting Flint Group’s Evolution range of primers and varnishes, designed to enhance packaging label recycling. Evolution Deinking Primer is applied to the substrate before the ink to provide strong ink adhesion throughout the life of the label. It enables the ink to be released (de-inked) into the recycling caustic wash and the substrate to be broken down into flakes, allowing for more than 99% recyclability. Marcel Tuyn, Technical Sales Manager at Flint Group, said, “Working with Optimum Group’s Wellen team has been a fantastic experience, and we’re delighted that they have achieved success thanks to our Evolution Deinking Primer.
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Mondi completes €95 million investment to boost efficiency and sustainability at Świecie containerboard mill

Mondi has recently completed a €95 million investment at its Świecie containerboard mill, which will increase kraftliner capacity by 55,000 tonnes. The upgrade comprises an extensive rebuild of paper machines PM2 and PM5, a new anaerobic treatment plant including an integrated cooling system, and upgrades to the pulp mill, the recycled fibre line and the energy recovery system. These improvements will allow the mill to meet growing customer demand for heavy-duty packaging for large and heavy products, enhance product quality, and bolster its environmental performance by decreasing water consumption and wastewater emissions and increasing energy efficiency. Since the project’s completion in June, Mondi Świecie has also expanded its ProVantage SmartKraft Brown portfolio with a broader range of grammage options.
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Sappi Europe joins Intergraf as an associate member strengthening industry collaboration and innovation

Sappi Europe recently announced that it has now joined Intergraf’s group of 22 national member associations and 15 associate members across 25 countries, which will further its role in promoting the European print industry. In the evolving print industry, Sappi strongly believes in the role of print for the next generation of readers, and for brands. People are hardwired to hold print—72% of people prefer printed material versus a digital version. It is viewed as 200% more intimate—people feel more valued when receiving printed mail over e-mail, and twice as likely to feel positive toward the sender. The return on investment speaks volumes—60% of people look up a brand online after receiving printed materials. With declining print volumes, Sappi acknowledges that the paper industry must provide value beyond the product by aligning with projects and organisations that further the unique strengths of the European printing industry.
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Lee Enterprises Recognizes Racine Union

Lee Enterprises has recognized the Racine NewsGuild as part of the Kenosha Newspaper Guild bargaining unit. This comes less than three weeks after the the Racine (Wisconsin) Journal Times newsroom announced plans to unionize. “We applaud Lee for the voluntary recognition agreement and hope it serves as a model to other newspaper employers dealing with new unions,” the union states. According to the union, four newsroom employees were laid off two days after the Racine NewsGuild went public.
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International Paper Announces Overwhelming Shareholder Approval in Connection with the Proposed Acquisition of DS Smith

International Paper is pleased to announce that it received the necessary shareholder approval for its pending acquisition of DS Smith. Earlier this week, DS Smith also received the necessary shareholder approval for the Combination. International Paper will report the final vote results of the special shareholder meeting in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the "SEC"). International Paper and DS Smith continue to expect the Combination to close late in the fourth quarter of 2024, subject to regulatory clearance and other customary closing conditions. "The overwhelming approval from both DS Smith and IP shareholders confirms the strong support of this combination," said Andy Silvernail, Chairman and CEO of International Paper. "Bringing the two companies together will create a true global leader of sustainable packaging solutions which will drive significant value for our employees, customers and shareholders."
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Ahlstrom has signed an agreement to divest Aspa pulp mill in Sweden to Sweden Timber

Ahlstrom has signed an agreement to divest its Aspa pulp mill in Sweden to Sweden Timber. The agreement includes the pulp mill and all its operations. This is a key step in Ahlstrom's growth transformation journey, reinforcing the company’s strategic commitment to sustainable specialty materials. Aspa pulp mill produces bleached and unbleached softwood pulp that is used in a broad range of applications in paper and sold globally. It has an annual capacity of approximately 200,000 tonnes and 174 employees. Several external parties have expressed interest in acquiring the Aspa plant throughout the years. For Ahlstrom, it was important to find an owner who has an interest in further developing the mill and ensuring its long-term success. Sweden Timber is a Swedish wood processing company with assets also in papermaking and wood composites.
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Wiley’s FY24 Environmental, Social, Governance (ESG) Report Highlights its Progress Towards a Sustainable Future Through Knowledge

Key highlights include: *Carbon Net-Zero by 2040: In FY24, Wiley’s net-zero strategy, based on targets validated by the Science-Based Targets initiative (SBTi), made solid progress through real estate optimization, energy efficiency upgrades, and supply chain engagement. *UN SDG Impact with Nearly 60,000 Published Articles: In 2023, Wiley published close to 60,000 articles aligned with the United Nations Sustainable Development Goals (SDGs), amplifying its impact on global challenges like quality education, reduced inequalities, and climate action. *Employee Engagement in ESG Initiatives: Wiley employees have contributed to ESG activities, with robust support from the company’s Employee Resource Groups (ERGs) and ESG working groups. *Leadership in Open Access: Authors continue to choose to publish their work in Wiley’s wide array of open access publishing options, ensuring broader exposure to scientific knowledge and supporting the company’s vision to share knowledge widely and inclusively. *Integrity in Publishing with AI Tools: The organization continues to embrace advancements in publishing technology by incorporating AI-driven tools to enhance research integrity.
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