HP Inc. announced that ePac Flexible Packaging, the all-HP Indigo digital flexible packaging leader, is purchasing 20 HP Indigo 20000 digital presses to expand its business strategically throughout the US. The largest deal to date for the HP Graphics packaging business, the new ePac order is estimated to be worth over $100 million, including hardware, supplies and services. “ePac’s rapid success using HP Indigo is proof positive that the market is ripe for digital transformation,” said Enrique Lores, President, Imaging, Printing and Solutions, HP Inc. “In two years, ePac has become a force in digital flexible packaging with HP Indigo at the center of its visionary business model. We look forward to building on this momentum as more companies like ePac unleash the versatility and power of HP digital print.” Click read more below for additional detail.
Total Packaging Papers shipments were up 5.7 percent compared to September 2017 and up 2.6 percent year-to-date. Bag & Sack shipments were up 4.9 percent year-to-date; Multiwall shipments were flat; Converting shipments were up 1 percent; and Food Wrapping shipments were up 2.8 percent. The operating rate for September eased back from 99.1 percent in August to 95.9 percent in September. Inventories dropped 1.1 percent since August.
Containerboard production was up 4.9 percent compared to September 2017 and up 2.0 percent year-to-date. The month-over-month average daily production compared to August 2018 was 1.3 percent lower. The containerboard operating rate was 98.8 percent, 3.4 percentage points higher than the same month last year. Production for export increased for the third straight month, reaching its highest level for 2018 so far. It was 19.8 percent higher than September 2017 and for the first time this year it was up year-to-date, by 1.3 percent.
National Average Price for Regular Unleaded – Current: $2.866; Month Ago: $2.843; Year Ago: $2.457. National Average Price for Diesel – Current: $3.298; Month Ago: $3.184; Year Ago: $2.728
American Dollar to Canadian Dollar = 0.767213; American Dollar to Chinese Yuan = 0.144282; American Dollar to Euro = 1.146846; American Dollar to Japanese Yen = 0.008889; American Dollar to Mexican Peso = 0.052296
Oil prices edged up on Friday morning in Asia but were expected to head for a second weekly drop due to a rise in U.S. crude stocks. U.S. crude stocks surged by 6.5 million barrels last week, almost three times more than analysts’ forecast, according to the U.S. Energy Information Administration (EIA). “(The) EIA Weekly Petroleum Status Report was a complete shocker sending oil markets spiraling lower amidst some concerning development for oil bulls,” Stephen Innes, head of trading for Asia Pacific at Oanda, told Reuters. Click read more below for additional detail.
After Harvard Business Review kicked off 2017 by reducing its print frequency to bimonthly—eliminating 40 percent of the issues offered in a $99 annual subscription—it was a combination of smart positioning, creative new digital benefits, and a heavier investment in the six print issues that remained, which allowed the magazine to end the year with 10-percent more subscribers than it began with. The lack of subscriber outrage around the dramatic shift “was almost hurtful,” editor-in-chief Adi Ignatius quipped to Folio: last August. Another year in, the century-old management magazine has upped its paid circulation by 15,000—according to the latest data from the Alliance for Audited Media—increasing a record-high that now sits at 319,631. Click read more below for additional detail.
Hearst announced it has acquired the print and digital assets of seven weekly newspaper brands from Hersam Acorn Newspapers, LLC in Fairfield County, Connecticut, including The Ridgefield Press, The Wilton Bulletin, New Canaan Advertiser, The Darien Times, The Shelton Herald, The Trumbull Times and The Milford Mirror. The announcement was made by Hearst President and CEO Steven R. Swartz and Hearst Newspapers President Jeff Johnson. The brands will become part of Hearst Connecticut Media Group. With more than 200 journalists, Hearst Connecticut Media Group is now comprised of eight daily newspapers including the New Haven Register, Connecticut Post, Greenwich Time, Stamford Advocate and The Norwalk Hour, and 20 weekly newspapers including the those listed above and the Darien News, Fairfield Citizen, New Canaan News, The Greater New Milford Spectrum and Westport News. The Group manages 29 websites, including sites for all of its news outlets, as well as TowerDigitalAgency.com, CTHouseHunter.com and InGearCT.com, and four magazines, including Connecticut Magazine. Click read more below for additional detail.
J.D. Irving, Limited (JDI)’s forestry and forest products operations continue to identify ways to reduce and reuse waste, and put to beneficial use within our business and community. Lake Utopia Paper has recently completed a $28.8 Million environmental upgrade. Their new Environmental Treatment Facility takes wastewater and converts the organic material to renewable biogas. It is then converted to steam, which provides energy to the mill. Lake Utopia Paper has seen a 23% reduction in greenhouse gas emissions. “This is a brand-new state of the art facility, that will serve Lake Utopia Paper for the long term,” said Rick Wasson, Manager of Technical Operations. “It will provide stability to the environmental system to ensure we are always meeting and extending our compliance obligations.” Click read more below for additional detail.
The companies MULTIVAC Sepp Haggenmüller SE & CO. KG and LEIPA Georg Leinfelder GmbH have started a joint development project with Koehler with the aim of developing a carton for packaging fresh foods, such as meat, in order to meet the market requirements for alternative packaging materials. The challenge was to produce a board barrier-seal composite that would have the stiffness of a flat tray and, at the same time, be able to be rolled up to be processed as a roll on a thermoforming packaging machine. Initial results show that this multilayer composite from LEIPA and Koehler can be excellently imple-mented according to the requirements. Skin packs can thus be produced from this material in a thermoforming packaging machine, which not only securely packs the product but also attractively presents it to the end customer. Click read more below for additional detail.