UPM Raflatac’s RafCycle® recycling solution expanding to China

UPM Raflatac is expanding its RafCycle® recycling solution to China. RafCycle services were launched in Changshu on December 6, 2017 during a customer event. RafCycle is also being promoted at Labelexpo Asia in Shanghai on December 5-8. Hangzhou Changli is also the 100th RafCycle partner globally.The number of RafCycle partners has grown increasingly over the years as sustainability has become one of the key drivers in the labeling industry. Today more than 10 000 tons of label liner waste is being recycled in Europe through the RafCycle program. UPM Raflatac is actively searching for new RafCycle partners and the expansion to China is an important step in this process. The paper liner waste generated by the RafCycle partners in China will be delivered to Hangzhou Fulun Ecology Technology Co., Ltd. where the paper liner waste can be recycled back into pulp and paper. Click Read More below for additional information.
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Solenis to Increase Prices on all Wet Strength and Sizing Product Lines in North America

Solenis, a leading global producer of specialty chemicals, will increase prices by seven percent on most (AKD) sizing products and all wet strength products across the North America region, effective immediately or as customer contracts allow. The price increase is necessary due to the increase in certain raw material costs combined with a tightening overall global supply chain. “We are unable to absorb the impact of the increased costs that we are currently experiencing but we will continue to work in partnership with our customers to help mitigate the increases,” said Jose Santolaya, global product director, Functional Chemicals, Pulp and Paper. Click Read More below for additional information.
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French Paper Announces Price Increase

Due to recent cost changes and market conditions French Paper is announcing our first price increase since 3-3-14, over three and a half years. This increase consists of $5/cwt for Glo-Tone and $4/cwt across all other grades, with equivalent changes made among envelope items. All changes will apply to orders placed after December 15th. Along with these pricing changes we have begun the discontinuation of our Mod-Tone grade and will sell remaining items as inventory is available.
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Oil Drops as Industry Data Show U.S. Gasoline Stockpiles Grew

Futures dropped 1.3 percent in New York after rising 0.3 percent on Tuesday. Motor-fuel inventories climbed by 9.2 million barrels last week, the American Petroleum Institute was said to report. That would be the biggest gain since January 2016 if replicated in government data due later on Wednesday. Nationwide crude stockpiles declined, according to the API data. “This bears all the hallmarks of a year-end lull in U.S. fuel demand, which in turn should help safeguard the current bout of range-bound trading,” said Stephen Brennock, an analyst at PVM Oil Associates Ltd. in London. Click Read More below for additional information.
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EFI Continues Innovation with Newest Dedicated Flatbed Printer

Electronics For Imaging, Inc. has announced commercial availability of its newest launched printer, the EFI™ Pro 24f. First exhibited at the recent SGIA Expo, it is the only dedicated flatbed wide-format printer featuring EFI’s proven LED and variable drop grayscale head technologies. It provides precision imaging, fine detail and outstanding image quality for a broad range of applications. Wichita, Kansas-based customer Superior Signs & Engraving is the very first user for the printer. The printer’s premium quality imaging capabilities, with white ink included, and the high versatility and productivity of EFI’s “cool cure” LED technology, have vastly improved throughput and quality at the company. Click Read More below for additional information.
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Old Navy Named One of the 2017 Best Workplaces for Diversity by Great Place to Work® and FORTUNE

Great Place to Work and FORTUNE have named Old Navy one of the 2017 Best Workplaces for Diversity. The ranking considered more than 440,000 employee surveys from organizations in a wide range of industries across the U.S. Great Place to Work, a research and consulting firm, evaluated more than 50 elements of team members’ experience on the job. These included professional development, behaviors linked to innovation, leadership confidence and consistent treatment among employees of different backgrounds. The ranking also accounted for the share of women, people of color, Baby Boomers and LGBT individuals in the workplace. Old Navy was also named to the 2017 “Best Workplaces in Retail” list. Click Read More below for additional information.
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Patagonia and REI push back against the Trump administration’s move to slash protected lands

Patagonia.com features a forceful push back at President Donald Trump’s move yesterday, in which he signed a proclamation that seeks to dramatically reduce the boundaries and management of Utah’s Bears Ears National Monument and Grand Staircase-Escalante National Monument. If put into effect, the revised boundaries would reduce the size of the 1.3-million-acre Bears Ears National Monument by 85% and cut Grand Staircase-Escalante’s 1.9 million acres in half. Recreational Equipment Inc., or REI, also made a forceful declaration, making a statement that declares: “Today we are witnessing an unprecedented attack on our public lands, despite more than 100 years of bipartisan work to protect this country’s parks, waters, mountains and forests.” Click Read More below for additional information.
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FCC Won’t Delay Vote To Repeal Net Neutrality

Rejecting requests by lawmakers and advocates, the Federal Communications Commission says it will proceed with next week's scheduled vote on whether to repeal the net neutrality rules. On Monday, the City of New York and 40 advocacy groups urged the FCC to hold off on a vote until after a federal appellate court decides whether a different agency -- the Federal Trade Commission -- has authority to bring consumer protection cases against broadband providers. Also on Monday, a group of 28 U.S. senators, along with New York Attorney General Eric Schneiderman and FCC Commissioner Jessica Rosenworcel, urged publicly urged the FCC to hold off on a vote due to problems with the public commenting process. "While I fundamentally disagree with the merits of the FCC’s proposal, what is equally concerning is the lack of integrity to the FCC’s process that has led to this point," Rosenworcel stated. Click Read More below for additional information.
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Allen Press Upgrades Scholarly Services with Arbortext Publishing Engine Enterprise

Allen Press, Inc. has upgraded its scholarly journal typesetting platform to Arbortext Publishing Engine Enterprise. The Arbortext Publishing Engine is a cloud-based system that provides the ability to intelligently pull XML and unstructured data from content management systems profile content for targeted audiences and variable deliverable types and automatically generate publications. In addition to the Arbortext Publishing Engine platform, Allen Press improved its workstation-class computers by installing the latest generation hardware and high-resolution video systems. “Upgrading to the Arbortext Publishing Engine helps us accomplish our mission of efficiently producing more jobs,” said Mark Kohlhase, Senior Director of Composition and Training. “This technology will allow Allen Press to enhance our typesetting automation processes, resulting in faster delivery and reduced publishing costs.” Click Read More below for additional information.
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Novolex™ Agrees to Acquire Shields Bag and Printing Company

Novolex™ announced it has agreed to acquire certain assets and business operations of Shields Bag and Printing Co., a leading manufacturer of custom engineered flexible packaging products located in Yakima, WA. The transaction is expected to close near year end. Terms of the transaction have not been disclosed. Shields Bag and Printing Company was founded in 1935. The Shields family expanded their founder’s successful commercial printing business into flexible packaging in the 1960s. Today, Shields ranks among the leading North American producers of flexible packaging with substantial capabilities in the areas of blown film extrusion, printing, bag making and other converting processes. Shields’ core focus is providing custom engineered products to a diverse group of customers across a range of end-market segments, including building and construction, food and consumer, banking and security, lawn and garden, chemicals and energy, and general industrial. Click Read More below for additional information.
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New Board members elected at PEFC’s 22nd General Assembly

Representatives from nature conservation, tropical forestry and the forest industry have all be elected onto the PEFC International Board, following a unanimous vote by the PEFC General Assembly in the Helsinki, Finland. Alongside two returning Board members, Riikka Joukio (forest industry and processing) and Hervé Le Bouler (NGO), we are delighted to welcome two new board members: Gerald Pfiffinger (ENGO and conservation) and Mohd Nurudeen Iddrisu (tropical forestry). "We need forest certification in developing countries," said Dr. Iddrisu, following his acceptance onto the Board. "Now as part of the PEFC Board, I want to take it upon myself to reach out to my fellow ‘countrymen’ in the tropical countries in order to get certification into the national agenda." Click Read More below for additional information.
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USPS Bail Out Could Hike Postal Rates 41% in Next Five Years

The Postal Regulatory Commission is proposing that publishers’ postal rates increase by an estimated average of 34% to 41% over the next five years. The postage increases would be lower than average for magazines that use co-mail and higher than average for less efficient mailers. The PRC announced its proposal to bail out the U.S. Postal Service with future rate hikes late Friday. The vote on a final version seems likely to occur in spring of 2018, giving mailers, the USPS, and other interested parties time to comment. The PRC’s 10th-anniversary review of the Postal Accountability and Enhancement Act (PAEA) concluded that the postal-reform legislation had met some of its goals – but not the one calling for stabilization of the Postal Service’s finances. As a result, the commissioners concluded, they must override the law’s inflation-based cap on most postal rates. Many mailers’ groups disagree with the PRC’s interpretation of the law, saying the agency must have Congress’s explicit approval to breach the price cap. A legal challenge to the PRC’s final plan seems likely, which could delay implementation until 2019. Click Read More below for additional information.
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Wiley Reports Second Quarter 2018 Results

HIGHLIGHTS: • Revenue increased 6% to $452 million; +3% at constant currency • Adjusted EPS increased 32% to $1.03; +22% at constant currency. EPS on a GAAP basis at $1.04, up from ($0.20) • Free Cash Flow less Product Development Spending for six months improved by $38 million • Brian A. Napack named as President and CEO. “The second quarter was highlighted by the announcement of Brian Napack as our new President and CEO and Ella Balagula as our new EVP of Publishing. We also realized improved growth in Research, better than expected results in Publishing, and significant progress in our operational excellence initiatives,” said Matthew Kissner, Chairman. “This month, we celebrate 210 years of enabling many of the world’s advances in research and learning. While we are immensely proud of our legacy, we are just as energized by the opportunities ahead of us.” Click Read More below for additional information.
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Martha Stewart Living Named to Ad Age’s “Magazines of the Year” List

Meredith Corporation is pleased to announce that Martha Stewart Living has been named to Ad Age's Magazines of the Year list. Led by Editor-in-Chief Elizabeth Graves and VP/Group Publisher Daren Mazzucca, Martha Stewart Living has had a phenomenal year with both readers and advertisers. The brand debuted a magazine redesign with the October issue, revealing exclusive typography, fresh and enlarged imagery, and a number of new cross-platform franchises. The look is now modern and forward-thinking, yet still timeless, classic and always aiming to create trends rather than follow them. It's the Martha Stewart Living that millions of people love, but now even more. "It's truly an honor to be part of Ad Age's 'Magazines of the Year' list," says Graves. "It's exciting to build upon Martha's trusted expertise, take the brand to new heights, and have that recognized in the industry." Adds Mazzucca, "We have an incredible team, and I think we are only getting started." Click Read More below for additional information.
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The Magnolia Journal Named To Ad Age’s “Magazines of the Year” List

Meredith Corporation is pleased to announce that The Magnolia Journal has been named to Ad Age's "Magazines of the Year" list. In its first year on newsstands, The Magnolia Journal has showcased the monumental presence and impact of Chip and Joanna Gaines and their Magnolia brand. With only five quarterly issues published to date, this magazine's launch was one of if not the best in Meredith Corporation's 115-year history, raising its rate base to 1.2 million for the Spring 2018 issue. Click Read More below for additional information.
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Print is Still Very Much Alive at Bauer Media Group (Folio)

It’s been a rather tumultuous year for magazine media, to say the least. With so many consumers reading content on digital platforms, it appears that many publishers are reducing print frequencies or altogether shuttering print editions of magazines to focus on digital initiatives and cut costs. While most publishers seem to be drifting away from print, Bauer Media Group is doing just the opposite. In 2018, the media giant is not only continuing its print editions, but also increasing frequencies for four of its titles, with Life & Style slated to rise from 51 to 53 issues, and Closer, In Touch and Woman’s World from 52 to 53 issues. “Bauer earns a positive margin on every issue from single copy sales,” Bauer CEO Steven Kotok (pictured) tells Folio:. “So the more issues we publish, the more money we earn, unlike an ad-dependent model in which fewer ads each year are spread over the same number of issues.” Click Read More below for additional information.
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Global Forest and Paper Industry Reports on Sustainability Progress

The International Council of Forest and Paper Associations’ (ICFPA) launched its 2017 Sustainability Progress Report. It is the sixth biennial report highlighting ICFPA members’ progress on the sustainability commitments agreed upon in the 2006 CEO Leadership Statement on Sustainability. “We are proud to announce our global industry’s continuous progress, which represents our commitment to social and environmental aspects associated with forest management and the manufacture of forest-based products,” said ICFPA President Jane Molony. “We look forward to continuing to supply the growing global demand for sustainable products, including fuel, fiber and forest products, while moving towards a greener economy.” Click Read More below for additional information.
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Oil steadies above $62, expected fall in U.S. inventory supportsOil steadies above $62, expected fall in U.S. inventory supports

Oil steadied above $62 a barrel on Tuesday as expectations of a drop in U.S. crude inventories and prolonged supply curbs by OPEC and other producers countered rising output in the United States. An OPEC-led producer group last week extended a supply-cutting deal through 2018, but the resulting support for prices could bolster U.S. output which climbed to nearly 9.5 million barrels per day in September. An OPEC-led producer group last week extended a supply-cutting deal through 2018, but the resulting support for prices could bolster U.S. output which climbed to nearly 9.5 million barrels per day in September. Click Read More below for additional information.
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Federal Trade Commission and National Institutes of Health Take Action Against Predatory Publishing Practices Federal Trade Commission and National Institutes of Health Take Action Against Predatory Publishing Practices

In an interesting and potentially significant move for the scholarly publishing world, the U.S. District Court for the District of Nevada has granted a preliminary injunction against a major journal publisher and conference organizer in response to a complaint by the Federal Trade Commission (FTC). The injunction was granted on the basis of the Court’s analysis of evidence provided by the FTC and its finding that the FTC’s complaint, if allowed to proceed, “is likely to succeed on the merits” and that the public interest would be served by granting it. The FTC alleges that OMICS Group and its affiliates iMedPub LLC and Conference Series Ltd have engaged in a variety of “unfair and deceptive practices with respect to the publication of online academic journals and organization of scientific conferences,” including: •Falsely claiming to provide rigorous peer review of articles submitted for publication in their journals; •Claiming as “editors” individuals who never received manuscripts to review or edit, or who never even agreed to be appointed as editors — some of whom say that OMICS ignored or refused their demands that they be removed from journal mastheads; •Sending solicitations to potential authors on behalf of other academics, without the latter’s permission or knowledge; •Giving their journals names “nearly identical to other respected journals, which has led to consumers mistakenly submitting articles to Defendants’ journal”; Click Read More below for additional information.
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Future solutions for the “growth market of packaging printing”

More than 300 visitors from around the world and over 40 international trade journalists attended the Packaging Day hosted by Heidelberger Druckmaschinen AG (Heidelberg) at its Wiesloch-Walldorf plant at the beginning of November. The “Pushing the Future in Packaging” event showcased the latest solutions and technologies for packaging printing. The aim of these solutions is to increase the efficiency of all processes through intelligent networking and automation. This applies both to printing high-volume standard packaging as well as highly embellished folding cartons in the luxury segment. Packaging printing is the strongest growing segment in the print media industry. Annual growth rates of around three percent are expected in the coming five years, and around 20 percent for digital printing. Heidelberg announced a broad-based product campaign for this market at drupa 2016, which is now being implemented consistently – in both offset and digital technology. As key note speaker, Steffen Schnizer, Managing Director of Multi Packaging Solutions in Obersulm near Heilbronn, emphasized that demand from brand owners for exclusively finished packaging is on the increase. Nowhere is this truer than in the cosmetics and perfume industry. Purchase decisions are frequently made at the point of sale, where high-quality packaging guarantee the necessary attention. “Heidelberg not only offers its customers the widest range of products for packaging output, but is also the clear market and technological leader in this area,” emphasized company CEO Rainer Hundsdörfer at the opening of the Packaging Day. Click Read More below for additional information.
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Simple and minimalist with great complexity

In the world of packaging it is sometimes complicated to achieve something that looks simple, minimalist and elegant. The paperboard cartons for Jimmy Choo’s L’EAU that was launched in summer 2017 is a clear example of this. Its colour is pale pink apart from the brand, the name of the contents, and the fact that it is an eau de toilette. Yet the packaging has passed through twelve finishing stages. The carton is made of Invercote from Iggesund Paperboard. Conversion is by the distinguished French printing company Draeger on behalf of Interparfums. The packaging is offset printed on both the inside and outside. The printing on the inside is in a pale pink shade, which creates the mood around the bottle. Externally the packaging has a blind-embossed snakeskin pattern plus two rows of text on the front. The outside is also laminated with soft touch film, matt varnished, and foil embossed with both silver film and holographic film. Click Read More below for additional information.
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Sappi expands its speciality and packaging paper capacity; will acquire the speciality paper business of Cham Paper Group Holding AG (CPG)

The transaction includes the acquisition of CPG’s Carmignano and Condino Mills in Italy, its digital imaging business located in Cham, Switzerland as well as all brands and know-how. It will be funded through internal cash resources. The transaction is conditional on the approval from certain competition authorities. We expect the acquisition to be completed during the first calendar quarter of 2018. The main benefits of the acquisition include: *Supports Sappi’s diversification strategy and 2020vision to grow in higher margin growth segments. Strengthens Sappi Europe’s speciality and packaging papers footprint and skills; adds 160,000 tons of speciality paper to our capacity. *Increases Sappi’s relevance in speciality papers, opening up new customers and markets to Sappi’s existing products and generating economies of scale and synergies. Click Read More below for additional information.
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Sealed Air Announces Price Increase for Food Care Products in Europe, Middle East and Africa

Sealed Air Corporation announced that it is implementing a price increase of 2.5 – 5.0% for the majority of its Food Care division’s products in Europe, Middle East and Africa with the exception of Switzerland and the United Kingdom who received price increases earlier in the year. The increase will be effective January 1, 2018. “The price adjustment is the result of escalation of notable increases in the Company’s raw materials costs including a 19% rise in the price of polyethylene, a 16% rise in nylon and a 35% rise in polystyrene as well as other non-materials costs such as power, labor and transportation in the range of 1-4%,” said Karl R. Deily, President of Sealed Air Food Care division. “Despite the necessary price changes, we are working to minimize the impact to our customers while delivering them the same high level of value and innovation.” The price changes include an increase on all shrink bags, rollstock products, food films and vertical pouch packaging.
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Mactac Price Increase Notification

Mactac continues to focus on delivering premium quality products at competitive prices. The recent inflationary environment impacting our markets has brought about challenges and volatility related to raw material pricing, freight, and the overall availability of key components. We have worked diligently with our suppliers to ensure a reliable supply of materials allowing us to continue to provide outstanding service in the pressure sensitive market. Having already absorbed a significant level of price increases along with indications of continued tightness of supply and price escalation, we find it necessary to recover part of these increased costs with a 5% increase on all Sheet and Graphic products effective on all orders placed beginning January 15, 2018 shipping within our standard published lead-times. Click Read More below for additional information.
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LSC Communications Awarded Multi-Year Print Agreement with Bauer Media Group USA

LSC Communications has signed a multi-year agreement with Bauer Media Group USA, the number one seller of magazines at retail in the country. Beginning in January 2018, LSC will print 17 of Bauer’s popular print titles including Woman’s World, First for Women, In Touch Weekly, Life & Style Weekly, Closer Weekly and J-14, among others. According to Thomas J. Quinlan III, Chairman and CEO of LSC Communications, “With Bauer as one of the most successful magazine publishers in the world, LSC is honored to have been selected for our optimal print production and mailing solutions. We look forward to continuing to support Bauer’s vision for many years.” Click Read More below for additional information.
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Quad/Graphics to close in Taunton with loss of 200 jobs

As many as 200 workers will be out of work by the end of January when the Quad/Graphics facility in Taunton closes, according to the Wisconsin book manufacturer. Emails were sent out Wednesday to workers informing them of the bad news, said spokeswoman Claire Ho. Ho said workers will be offered either a severance package with limited continuation of medical benefits or the chance to work at another of the company’s locations, most of which are in other parts of the country. “We want to take care of them,” she said on Friday from her office in Sussex, Wisconsin. Ho said the plant at 1133 County St., located on Route 140 near the onramp for Route 24, specialized in assembling traditional reading books. Click Read More below for additional information.
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Ahlstrom-Munksjö affirmed its ethical path forward by joining the UN Global Compact

In November 2017, Ahlstrom-Munksjö committed to the United Nations Global Compact's ten principles for ethical business practices by joining the initiative. The company is now among nearly 8,000 companies worldwide that have affirmed their dedication to respecting human rights, labour rights, environmental quality, and anti-corruption practices. As a signatory, the company commits to: •Continue to improve business operations so that the UN Global Compact and the principles become part of strategy, culture and day-to-day operations; •Communicate annually with its stakeholders on efforts to implement the ten principles, and post this Communication on Progress (COP) on the UN Global Compact website to support transparency. ''At Ahlstrom-Munksjö, we are dedicated to sustainability and responsibility from the highest levels of leadership to the most local concern in our supply chains or at our production sites'', said Jan Åström, President and CEO of Ahlstrom-Munksjö. Click Read More below for additional information.
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Oil Falls Below $58 as OPEC Deal Risks a New Wave of Shale

Oil has advanced for the past three months amid optimism that output cuts by Organization of Petroleum Exporting Countries and its partners are helping to balance the market. Yet U.S. rivals have been expanding their operations, with drillers adding two oil rigs to reach 749 last week, the highest level since late September, according to Baker Hughes. “The OPEC deal will mostly work for non-OPEC,” said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt. “Even if OPEC delivers the cuts promised, and prices stay high long enough, the main result will be that U.S. shale adds on close to 1 million barrels a day of additional production.” Click Read More below for additional information.
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Canfor Pulp Announces Temporary Production Outage at Northwood

Canfor Pulp Products Inc. announced that it has taken a temporary and unscheduled outage on one production line at its Northwood Northern Bleached Softwood Kraft (“NBSK”) Pulp mill located in Prince George, British Columbia (“BC”), as a result of a tube leak in the number five recovery boiler. Canfor Pulp anticipates the number five recovery boiler to be down for approximately two weeks, and is currently projecting 15,000 tonnes of reduced NBSK pulp production during the fourth quarter 2017, as well as higher associated maintenance costs and lower projected shipment volumes. To mitigate the impact of the incident, Canfor Pulp is continuing to operate the second production line at the Pulp mill and will advance certain mill maintenance activities previously scheduled to be performed in the first quarter of 2018. Click Read More below for additional information.
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Green Bay Packaging Announces An All New State Of The Art Container Board Machine

Green Bay Packaging (GBP) has announced that it is in the first phase of evaluating construction of a new, state of the art recycled containerboard machine at its location in Green Bay Wisconsin. The 220” machine would be operational in 2020 and would replace the Company’s existing 164” trim machine, originally constructed in 1950. The investment would increase GBP’s recycled containerboard capacity by over 70%.
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Agency Forecasts: Look For Growth In The 4%-5% Range Next Year

Expect some moderate growth in advertising in 2018. That growth will be boosted in part by big events like the Olympics and mid-term political elections. Below are summaries of the newly issued forecasts from WPP’s GroupM, Interpublic’s Magna, and Publics Group’s Zenith. WPP’s GroupM is forecasting global ad expenditure growth of 4.3% in 2018 to nearly $558 billion. That estimate is based on the assumption that 2017 expenditures will be 3.1% to about $535 billion. For North America, the firm estimates that expenditures will reach almost $200 billion next year, up 3.4%, following a 2.2% gain this year to more than $193 million. The release of the new forecast was timed to this week’s UBS Global Media and Communications Conference in New York. Click Read More below for additional information.
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Mondi improves scores again in each category of WWF Environmental Paper Company Index 2017

Mondi has again improved its ecological footprint in the three WWF reporting categories: Graphic Paper, Packaging and Pulp. For Graphic Paper, Mondi has achieved a result of 85.5% in 2017, up from 81.4% in 2015 and 74.9% in 2013. Mondi’s overall 2017 result for Graphic Paper is based on sub-category scores of 82% for sourcing, 76% for clean production, and 100% for transparency. In the category of Packaging, Mondi received an overall score of 85.6% in 2017, up from 83.8% in 2015 and 73.7% in 2013. Mondi’s sub-category scores for Packaging in 2017 were 88% for sourcing, 87% for clean production, and 82% for transparency. In the Pulp category, Mondi received an overall score of 70.4% in 2017, up from 69.4% in 2015 and 63.2% in 2013. The group’s sub-category scores for Pulp were as follows: 72% for sourcing, 73% for clean production, and 65% for transparency. Click Read More below for additional information.
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Barnes & Noble sees smaller stores, more books in its future

In the wake of a wider quarterly loss than expected and a continuing sales slide, Barnes & Noble plans to a greater emphasis on what brought it the party in the first place: books. “Book sales continued to strengthen, and we saw improved traffic and conversion trends,” said Demos Parneros, CEO of Barnes & Noble. “As a result of the improving trends, we will continue to place a greater emphasis on books, while further narrowing our non-book assortment.” Along with a renewed focus on books, the retailer is looking is smaller stores. Barnes & Noble stores average approximately 26,000 sq. ft. But its new store, in Plano, Texas, is less than half that, about 10,000 sq.ft. “Our goal is to get smaller,” Parneros told analysts on the chain’s quarterly call. “We want to have smaller stores that are more efficient.” Click Read More below for additional information.
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The start of containerboard production at Laakirchen Papier

Paper has been manufactured in Laakirchen for the past 150 years and now with its entry into the packaging paper market, Laakirchen Papier AG has ushered in a new era. Indeed, the decision to break into the containerboard field will secure the long-term success of the company, as with a volume of 26.4 million t/y and annual growth of between two and three per cent, the strong, European corrugated board market segment offers considerable future potential for the paper industry. Accordingly, the production of lightweight containerboard made entirely from recycled fibres on PM10 started in Laakirchen mid of October. The paper machine meanwhile runs stable and produces paper on A quality level. The PM10 will now manufacture up to 450,000 t/y of containerboard based on recycled paper with working widths of 7.5 m at a speed of 1,600 m/min. This production switch also required additional investments at the company location. These included new plant for the treatment of wastepaper fibres and anaerobic used water cleaning, storage areas for recycling paper, and the completion of a warehouse with an automated crane system for the new products. Click Read More below for additional information.
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PRC Concludes Rate System Has Not Achieved Necessary Objectives and Issues Proposed Rulemaking to Address Shortcomings

Today, the Postal Regulatory Commission (Commission) issued its findings related to the statutorily mandated review of the system for regulating rates and classes for Market Dominant products that was first established in 2006 by the Postal Accountability and Enhancement Act (PAEA). The law required the Commission to review the past 10 years of the existing market dominant rate and classification system to determine if the system achieved the nine objectives, considering the 14 factors, established by Congress. The objectives reflect the goals of the PAEA to create a flexible, stable, predictable, and streamlined ratemaking system that ensures the Postal Service’s financial health and maintains high quality service standards and performance. In its findings order, the Commission identifies three principal areas of the PAEA system which encapsulate the nine objectives: (1) the structure of the ratemaking system; (2) the financial health of the Postal Service; and (3) service. After extensive review, the Commission concludes that the system achieved some of the goals of these areas, but the overall system has not achieved the objectives taking into account the factors of the PAEA. Click Read More below for additional information.
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Cascades acquires containerboard packaging plants in Ontario and increases its ownership in Greenpac

Cascades Inc. announces the acquisition of four plants in Ontario to strengthen its position in the containerboard packaging sector, and the purchase of an ownership position in Tencorr Holdings Corporation. The company also announces an increase in its equity holding of the Greenpac Mill LLC. "We are very pleased to expand our presence in Ontario and increase our stake in Greenpac for the second time this year. These transactions align perfectly with our vision and strategy for our containerboard activities," stated Cascades President and CEO Mario Plourde. The four following plants were acquired from the Coyle family, and specialize in the manufacturing of boxes and speciality products offering strong growth potential: •McLeish Corr-a-Box Packaging & Design – Etobicoke, Ontario •Brown Packaging – Burlington, Ontario •Coyle Corrugated Containers Inc. – Scarborough, Ontario •Coyle Packaging (Peterborough) Ltd. – Peterborough, Ontario. Click Read More below for additional information.
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Smurfit Kappa has won two prestigious PPI awards, demonstrating its leadership in the global paper industry.

Smurfit Kappa operations from both sides of the Atlantic were lauded with the company’s Zülpich Paper Mill in Germany winning the ‘Resilience – Managing Risk’ award and the Cali Paper Mill in Colombia taking the prize for ‘Bringing Paper to Life – Innovative Printing & Writing Campaign of the Year’. The Zülpich Mill, which was established in 1873, has an exemplary record in health and safety and a robust risk management strategy. Speaking about the award, Christian Ludwig, Managing Director, said: “We have always had the full support of the Group to build up our resilience strategy to the standard is at today and we are encouraged to take an innovative approach to finding solutions. The Cali Paper Mill certainly delivered on the brief of ‘Bringing Paper to Life’ with its CartoPrint school paper display. The vibrant appearance of the product, which was created in a collaboration with the Packaging Division, was inspired by its sustainable forestry origins and the ongoing work to preserve biodiversity that the company carries out. Click Read More below for additional information.
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Sonoco announces 5-year, $2.725 million fresh packaging initiative

Sonoco has announced a new research partnership with Clemson University: the Sonoco FRESH (Food Research Excellence for Safety and Health) initiative will develop new technologies and new forms of packaging to optimize the fresh food lifecycle. “Sonoco is committed to serving fresh brands, using packaging to tackle the challenges they face,” said Sonoco President and CEO Jack Sanders. “Optimizing fresh food packaging to extend shelf life and maintain quality makes fresh produce more accessible to communities, and helps brands and retailers extend sales opportunities and eliminate food waste. “Each year, the food industry loses $15.6 billion due to food spoilage at retail. Modifying packaging design to extend shelf life by even one day can recover $1.8 billion of that loss – while feeding more people and reducing waste to landfills.” To establish the multi-disciplinary hub for innovation and research to advance fresh food packaging and distribution, Sonoco will contribute $1.725 million over 5 years. The Company will also sponsor business-driven research projects totaling $1 million over that period. Sonoco FRESH is an extension of the partnership that created the Sonoco Institute of Packaging Design and Graphics at Clemson. Click Read More below for additional information.
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Tronox Limited’s Acquisition of Cristal TiO2 Progresses

Tronox Limited announced that, in connection with its planned acquisition of the titanium dioxide (TiO2) business of Cristal, a privately held global chemical and mining company headquartered in Jeddah, Saudi Arabia, the waiting period in the United States under the Hart-Scott-Rodino Act expired at 11:59 p.m. EST on December 1, 2017 without further action by or communication from the U.S. Federal Trade Commission. Jeffry Quinn, Tronox's chief executive officer, stated: "Based on consultation with counsel, we believe that expiration of the waiting period means that we can proceed toward completion of the transaction once all closing conditions are met. However, we have not been informed that the Federal Trade Commission has formally concluded its investigation. The Commission could conceivably seek to enjoin the transaction at a later time, but we believe such action would be unprecedented and contrary to the rationale of the pre-merger notification system that is the framework of the U.S. regulatory process."
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Brazil’s Suzano to buy controlling stake in Facepa paper factory

Brazil’s Suzano Papel e Celulos closed a deal to acquire a majority stake in Amazonian paper factory Facepa for 310 million reais ($95 million), the wood pulp and paper maker said on Monday in a securities filing. Suzano said it had agreed to buy 92.84 percent of total shares and 99.99 percent of common shares in the company, which manufactures paper towels, napkins, diapers and tissue in factories in Belem and Fortaleza with total capacity of 50,000 tonnes per year. The price is subject to adjustments, Suzano said in the filing.
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Special Alert: Opportunity to Push Postal Reform Legislation Through

Dear Catalog Industry Participant: Word out of Washington this week is encouraging for HR 756, the postal reform bill. According to our colleagues at the Coalition for a 21st Century Postal Service, there is increasing talk of adding postal reform to the Omnibus funding measure for the government next week, or to some other must-pass legislation that can serve as a vehicle. Both House and Senate leaders are reportedly interested, but we only have until next Thursday when the current continuing resolution runs out. So we’re calling on you for some urgent action. Our Ask and Your Ask: Please reach out as quickly as possible to as many Republican members of the House as you may have connections with and urge that postal reform be added to the Omnibus funding measure or some other moving piece of legislation. Your messages should conclude with an ask of your representative(s) to personally take this message to House Majority Leader Kevin McCarthy. Click Read More below for additional information.
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Domtar Specialty Papers – Important Pricing Information

Please be advised, effective with shipments as of January 1, 2018, Domtar Specialty Papers pricing will increase by $2.50/cwt. USD on bleached and unbleached Food Packaging, Medical Packaging, Industrial Grades, Coating Base and Release Paper Products. We pledge to continue to earn your business by providing quality products and reliable service while investing in the future through innovation.
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Glatfelter carbonless price increase

Due to large increases in key input material costs, including over a two-fold increase in colorformers to ensure an uninterrupted supply, that cannot be offset by our on-going internal continuous improvements, cost reductions, and operating excellence efforts, Glatfelter is announcing a price increase for carbonless roll products, carbonless sheet products and security papers sold in our United States and Canadian markets. The increase will be effective with shipments on or after January 15, 2018. The increase will be 6% for the following items: All Glatfelter Carbonless Roll products; Carbonless Roll Accessories (CF and CB Sprays); Defensa® Security CB products; All Glatfelter Carbonless Sheet Products; Fan-Apart Adhesive. The increase will be $4.00/cwt for the following item: Defensa® Basic. The increase will be $5.00/cwt for the following items: Defensa® Premium Defensa® Design; Defensa® Security Gate Defensa® True. All current standard differentials and upcharges remain in effect.
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Weekly US crude oil production hits highest level on record

Weekly U.S. crude oil production hit the highest level on record last week, according to preliminary government data, in another sign of the resilience of American shale drillers. The United States produced 9.62 million barrels of oil a day in the week through Nov. 3, the U.S. Energy Information Administration reported on Wednesday. That just slightly topped a record high struck in June 2015, just before the oil price crash sparked a more than one-year decline that sent U.S. output to about 8.4 million barrels a day. Click Read More below for additional information.
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Hachette UK Acquires Jessica Kingsley Publishers

Jessica Kingsley Publishers has been acquired by Hachette UK, effective immediately. It has been folded into John Murray Press as an imprint, and will be overseen by managing director Nick Davies. The agreement keeps Kingsley intact as a company, with Hachette UK made 100% shareholder. "Jessica Kingsley has built a business of great significance, renowned for anticipating trends and identifying gaps in the market, publishing books that are essential for professionals in their specialist areas, and that serve the communities with which they work," Jamie Hodder Williams, CEO of Hodder, Headline, Quercus and John Murray Press, said in a statement. "I am greatly looking forward to welcoming the Jessica Kingsley team into Hachette." Click Read More below for additional information.
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Evolution Achieves High-end, Higher-volume Success with EFI VUTEk LED Hybrid Printer

Electronics For Imaging, Inc. today reported that Northampton, U.K-based graphics production company Evolution has installed an EFI™ VUTEk® GS3250LX Pro LED hybrid roll/flatbed printer. Evolution chose the 3.2-metre wide printer for its speed, quality of build, and low downtime and running costs. Previously, when its superwide-format graphics work volumes became too large, the company often outsourced to other providers. Now, Evolution can produce that work in-house with a printer that is several times faster than its old flatbed printer. Although Evolution’s machine operators are new to using the printer, they were able to get trained quickly, taking very little time to start producing high volumes of work – more than 200 2440mm x 1220mm panels a day for clients. Click Read More below for additional information.
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Flint Group announces the acquisition of Eston Chimica SRL in Italy

Flint Group announced today the acquisition of Eston Chimica SRL located in Padova, Italy. This acquisition follows Flint Group’s strategy to grow not only organically, but also through tactical acquisition. Eston Chimica manufactures and sells water-based inks for flexo and gravure applications to printers predominantly located in Italy and Southern Europe. The company supports key Paper & Board applications, such as corrugated, shopping bags, paper bags, and various other water-based print jobs. Eston Chimica is located in northern Italy, near Venice, and employs 32 people. Kim Melander, Vice President & General Manager EMEA and Global Strategy, Paper & Board, says, "Flint Group is very happy to join together with Eston Chimica. We have found the ‘right’ partner; a company who, with the dedicated support of its employees, has been very successful in recent years outgrowing the market as compared to other suppliers.” Click Read More below for additional information.
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shíshálh Nation and Interfor Sign Relationship Agreement

Interfor Corporation and shíshálh Nation have announced the recent signing of a five-year relationship agreement for mutually beneficial forestry operations in the Nation’s swiya (territory). Interfor is a major forestry tenure holder in the shíshálh Nation swiya on BC’s Sunshine Coast. The agreement is a new milestone for Interfor and the shíshálh Nation who have had a strong working relationship for more than twenty years. “This agreement was built on trust, opportunity and a long-standing relationship. It creates predictability for both Interfor and shíshálh Nation and will support further growth of our partnership over the next five years,” said Interfor’s Vice President and Chief Forester, Ric Slaco. Click Read More below for additional information.
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Statement From New Brunswick Lumber Producers (NBLP)

The Province of New Brunswick announced its plan regarding sawmills impacted by softwood lumber duties on shipments to the United States. A dedicated effort on this important file is crucial to the survival of New Brunswick’s forest products sector as we know it today. Sawmills are the lifeblood of many rural communities. Hundreds of New Brunswick woodlot owners and wood producers depend on these sawmills. A successful sawmill is the vital source of wood chips to the value chain of products made throughout New Brunswick – from particleboard in St. Stephen to tissue in Dieppe, pulp in Edmundston and paper in Saint John. Thousands of New Brunswick jobs and local suppliers depend on this sector which impacts more communities than any other industry in the province. Maintaining New Brunswick’s historic 35-year exclusion requires the unity and support of all political parties. Click Read More below for additional information.
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Indonesia and Japan take the spotlight at PEFC General Assembly award ceremony

With an increase of almost two million hectares of PEFC-certified forests in Indonesia over the past year, the Indonesian Forestry Certification Cooperation (IFCC) took top prize for growth during our PEFC Forest Certification Week award ceremony. “Without the tremendous support from everyone within the PEFC family and without the strong commitment and hard work from all members of the IFCC family, we would have never arrived at this proud state,” said Dradjad Wibowo, Chairman of IFCC. “So, IFCC thanks everyone from the PEFC and IFCC families for this! Though we still face huge challenges, we are confident, that together we will prevail," Mr. Wibowo concluded. Click Read More below for additional information.
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Arkansas State Forest Earns Certification To The SFI Forest Management Standard

The Sustainable Forestry Initiative Inc. (SFI) is pleased to announce that Poison Springs State Forest, the Arkansas state forest managed by the Agriculture Department's Forestry Commission, has earned certification to the SFI 2015-2019 Forest Management Standard through a rigorous third-party audit. Certifying to SFI sends a strong signal about Arkansas's commitment to sustainable forest management, conservation, and economic opportunity for its citizens. "It shows we are working to ensure that our forests will remain healthy and productive for generations to come. Certification to SFI also boosts our competitive position in national and international markets because we can demonstrate that our forest products come from well‑managed forests," said Joe Fox, Arkansas's State Forester. Click Read More below for additional information.
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Sappi, ACTEGA Terra and Koenig & Bauer join forces for calendar project

Pushing the boundaries in sports and print: Sappi’s Algro Design® Card forms basis for new 2018 photo calendar. “Move X-treme. Discover your possibilities” – This is the umbrella theme under which ACTEGA Terra, Koenig & Bauer and Sappi have continued their successful joint calendar project over the last few years. The new 2018 calendar, hot off the press, depicts athletes who push themselves to their limits, whether in speed skating, white water kayaking or motocross. Steely resolve and perfect preparation can lead to outstanding sporting success. The rewards: strong emotions, a great deal of public interest and the satisfaction of having accomplished something extraordinary. These are reactions similar to those experienced by three companies from the worlds of speciality papers, quality printing and overprint varnishes for high-quality finishing as they produce their annual calendar. Click Read More below for additional information.
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Time Inc. Announces Sale of Iconic SUNSET Brand to Regent

Time Inc. announced the sale of SUNSET to Regent L.P., a Los Angeles–based private equity firm led by investor Michael Reinstein. Based in Oakland, California, SUNSET is the defining lifestyle brand of the modern American West, with coverage that includes travel, food, wine, home and garden across its monthly print publication, digital and social platforms, books, events and experiences. The storied brand, which was founded in 1898, has been a forum for literary giants like Jack London, Dashiell Hammett and Sinclair Lewis, a showcase for transformational architecture and design, and a launching pad for the modern environmental movement through its early affiliation with conservationist and Sierra Club founder John Muir. “As a native Californian, I am honored to take the mantle as the fourth owner of this iconic and beloved institution. For almost 120 years SUNSET has been the definitive, pioneering voice of the promise, hope, values and innovative spirit of the West,” said Michael Reinstein, Chairman, Regent L.P. “We are excited to partner with SUNSET’s talented Editor-in-Chief Irene Edwards and her accomplished team to ensure that SUNSET continues to thrive for generations to come.” Click Read More below for additional information.
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Ulta Beauty Announces Third Quarter 2017 Results

For the Third Quarter: • Net sales increased 18.6% to $1,342.2 million from $1,131.2 million in the third quarter of fiscal 2016. The Company estimates that Hurricanes Harvey and Irma resulted in approximately $14 million in lost sales; • Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 10.3% compared to an increase of 16.7% in the third quarter of fiscal 2016. The 10.3% comparable sales increase was driven by 6.0% transaction growth and 4.3% growth in average ticket. The Company estimates that Hurricanes Harvey and Irma resulted in approximately 100 basis points of negative impact to comparable stores sales in the third quarter of fiscal 2017; • Retail comparable sales increased 6.6%, including salon comparable sales growth of 3.8%; • Salon sales increased 10.8% to $66.9 million from $60.4 million in the third quarter of fiscal 2016; Click Read More below for additional information.
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Barnes & Noble Reports Fiscal 2018 Second Quarter Financial Results

Total sales for the second quarter were $791.1 million, declining 7.9% as compared to the prior year. Comparable store sales decreased 6.3%, with approximately half of this decline attributable to last year's release of Harry Potter and The Cursed Child. The balance of the decline was primarily due to non-book categories. "Comparable sales improved throughout the second quarter and into November," said Demos Parneros, Chief Executive Officer of Barnes & Noble, Inc. "Book sales continued to strengthen, and we saw improved traffic and conversion trends. As a result of the improving trends, we will continue to place a greater emphasis on books, while further narrowing our non-book assortment. We expect these improvements to continue as we head into the holiday season which, coupled with cost reductions, will enable us to achieve EBITDA of $180 million." Click Read More below for additional information.
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Rethinking classroom technology

Following recent findings by research psychologists Pam A. Mueller of Princeton University and Daniel M. Oppenheimer of the University of California, Los Angeles, which showed that students who took handwritten notes did better than those who took notes on their computers, new research indicates still further that too much technology in the classrooms harms students’ ability to learn. As millions of dollars are spent on increased investment in classroom technology, including students’ use of iPads and e-textbooks, it’s assumed that the learning environment in the classroom should reflect the high-tech realities of the digital culture in which students and their parents live. Working on this presumption, the state of California passed a law in 2009 requiring that all college textbooks be available in electronic form by 2020. Following suit, the state of Florida passed legislation in 2011 requiring public schools to convert their textbooks to digital versions. “Given this trend,” write Patricia Alexander and Lauren Singer of the University of Maryland, “teachers, students, parents and policymakers might assume that students’ familiarity and preference for technology translates into better learning outcomes. But we’ve found that’s not necessarily true.” Click Read More below for additional information.
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Two Sides and National Association of Printing Ink Manufacturers Announce Strategic Partnership

The National Association of Printing Ink Manufacturers (NAPIM) Board of Directors has announced its increased support of Two Sides North America, the non-profit organization that promotes and encourages the responsible production, use and sustainability of print and paper. NAPIM Executive Director, John Copeland and Director Regulatory Affairs and Technology, George Fuchs will be joining Two Sides’ Anti-Greenwash Task Force to ensure that the views of NAPIM members are considered in Two Sides campaign activities. Membership discussions are also underway with specific companies in the ink manufacturing sector to ensure representation within the Two Sides network of companies and governance. Click Read More below for additional information.
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L Brands Reports November 2017 Sales

L Brands, Inc. reported net sales of $1.267 billion for the four weeks ended Nov. 25, 2017, an increase of 2 percent, compared to net sales of $1.246 billion for the four weeks ended Nov. 26, 2016. Comparable sales decreased 1 percent for the four weeks ended Nov. 25, 2017. For November, the exit of the swim and apparel categories had a negative impact of about 1 percentage point for both total company and Victoria’s Secret comparable sales. The company reported net sales of $9.077 billion for the 43 weeks ended Nov. 25, 2017, a decrease of 3 percent compared to net sales of $9.331 billion for the 43 weeks ended Nov. 26, 2016. Comparable sales decreased 6 percent for the 43 weeks ended Nov. 25, 2017. For the 43 weeks ended Nov. 25, 2017, the exit of the swim and apparel categories had a negative impact of about 4 percentage points and 6 percentage points to total company and Victoria’s Secret comparable sales, respectively.
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AF&PA Disappointed in Passage of Bag Provision

American Forest & Paper Association (AF&PA) President and CEO Donna Harman issued the following statement regarding the passage of the Boston City Council ordinance regarding the reduction of plastic bags in Boston (Docket #0132). The proposed ordinance would place a five-cent fee on recycled paper bags. “Dozens of communities in Massachusetts have enacted plastic bag bans in recent years, and until today, only one taxed paper bags. This undermines an environmentally responsible option for carryout shopping bags. Paper is the most-recycled material in the United States today. Last year, two-thirds of all paper consumed in the U.S. was recovered for recycling. Paper is part of the environmental solution, but Boston is treating it like the problem.”
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Oil Holds Near $64 as OPEC Is Said to Agree Nine-Month Extension

Futures rose 1.6 percent in London. The curbs will last to the end of 2018, according to delegates at a ministerial meeting in Vienna. Talks have now moved on to the mechanism that will be used to review the agreement in the middle of next year, they said. Ministers also need to get Russia, their largest non-OPEC ally, on board at a meeting with other partner countries later on Thursday. Futures rose 1.6 percent in London. The curbs will last to the end of 2018, according to delegates at a ministerial meeting in Vienna. Talks have now moved on to the mechanism that will be used to review the agreement in the middle of next year, they said. Ministers also need to get Russia, their largest non-OPEC ally, on board at a meeting with other partner countries later on Thursday. Click Read More below for additional information.
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Costco Wholesale Corporation Reports November Sales Results

Costco Wholesale Corporation reported net sales of $11.26 billion for the month of November, the four weeks ended November 26, 2017, an increase of 13.2 percent from $9.95 billion during the similar period last year. For the twelve-week first quarter of fiscal year 2018 ended November 26, 2017, the Company reported net sales of $31.13 billion, an increase of 13.3 percent from $27.47 billion reported in the twelve-week first quarter of fiscal 2017. While this year’s twelve-week first quarter included one less sales day than the first quarter last year (due to the shift of the Thanksgiving closure this year), pre-Thanksgiving and Black Friday/holiday weekend sales fell into the first quarter this year compared to the second quarter last year. Combined, these factors produced an estimated net benefit of approximately 1.5% in the U.S., and slightly less worldwide.
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Flint Group opens new facility in Turkey for its Packaging Division

Flint Group continues its leadership position in the Packaging Inks segment with the opening of its new facility in the cosmopolitan district of Beylikduzu, in Istanbul, Turkey. This new 3800 square meter manufacturing and distribution facility is conveniently located only 13 kilometers from the main container terminal on the European side of Turkey and is well positioned for exports to surrounding markets in the Middle East. Kim Melander, VP Sales EMEA & Global Strategy Paper & Board, says this, “Flint Group’s Paper & Board business has been a local supplier in Turkey and the neighbouring regions since 2008 and our team has been satisfying customers’ requirements with state-of-the-art manufacturing capabilities and expert local service for nearly 10 years. This additional investment not only solidifies Flint Group’s dedication to the Turkish market, but also confirms our promise to grow together with its customers in this key emerging market.” Click Read More below for additional information.
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Holmen sells forest properties

Holmen has signed an agreement to sell forest properties in north-west Jämtland, Sweden, for SEK 100 million. The sale is expected to be completed in January 2018. The Group’s earnings will be positively impacted by just over SEK 70 million in the first quarter of 2018 since the sale price exceeds the carrying amount according to IAS 41. With holdings of over 1 million hectares of productive forest land, Holmen is one of Sweden’s largest forest owners. “This forest land is located far from our production facilities and has significant other values than forestry. We intend to reinvest the sales proceeds in forest located closer to our own production facilities,” says Henrik Sjölund, President and CEO of Holmen. Click Read More below for additional information.
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BuzzFeed Hits Brakes: Announces Layoffs, Ad Restructuring

BuzzFeed, long the darling of native digital publishing models, is hitting its brakes following a weakening of advertising demand. The company said it is laying off about 100 employees in the U.S. -- less than 10% of its global workforce -- and restructuring its advertising sales organization “amid a tough digital media market.” In an email to the company's staff, CEO Jonah Peretti announced Greg Coleman is stepping down as BuzzFeed’s president and would take on an advisory role. BuzzFeed News Editor-in-Chief Ben Smith said cuts will not affect BuzzFeed’s U.S. news team directly. Click Read More below for additional information.
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Metsä Group further improved its evaluation scoring in WWF’s Environmental Paper Company Index for transparency

Metsä Group has been participant in the international Environmental Paper Company Index (EPCI), arranged by the WWF, for evaluating companies’ transparency. This year, Metsä Group participated in the pulp (Metsä Fibre) and tissue paper (Metsä Tissue) categories, improving its overall scoring in both. The tissue overall scoring improved from 77.3% in 2015 to 80.5% in 2017, and the pulp overall scoring from 68.9% in 2015 to 72.3% in 2017. Metsä Group’s investment in clean manufacturing can be seen as improved scores in both categories. The tissue category scoring improved from 64% in 2015 to 70% in 2017, and the pulp from 76% to 85% in corresponding years. The criteria for clean manufacturing includes energy use, energy sourcing, fossil CO2 and other emissions to air and water as well as the amount of landfill waste. Click Read More below for additional information.
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PEFC’s Stakeholder Dialogue calls for Purposeful Innovation

“Once technologies have been incorporated adeptly into certification systems, we'll begin to see a shift to where certification systems are data brokers for social and environmental performance,” highlighted Wiebke Herding, ON:Subject, during her keynote presentation to the PEFC Stakeholder Dialogue. “Such a future, however, will require a shift in the use of technology and in the organizational purpose. If done well, it will enable more and real-time information about product flows through the supply chain, enable information feedback loops that benefit and add value to all participants, whilst ensuring that confidential data remains confidential.” With Ms. Herding’s forward-looking and provocative keynote address, PEFC’s Stakeholder Dialogue on ‘Making Certification SMART’ got off to a dynamic and enthusiastic start. Click Read More below for additional information.
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Units Drop 3% In Thanksgiving Week

Sales of print book got off to a slow holiday season start as units fell 3% in the Thanksgiving week ended November 26, compared to the comparable week in 2016, at outlets that report to NPD BookScan. Units fell 9% in the mass merchandiser channel compared to last year, while sales to retailers and clubs slipped 1%. The top-selling title in the week was Jeff Kinney’s newest Wimpy Kid book, The Getaway, which sold over 139,000 copies. A new release, Pete the Cat, by James Dean was in second place with over 104,000 copies sold. Four “5 Minute” Disney books also had a strong first week of sales with 5 Minute Disney Snuggle Stories, 5 Minute Disney Disney Princess, 5 Minute Disney Pixar, and 5 Minute Disney Avengers selling a total of roughly 281,000 copies in their first week on sale. Despite the the 3% decline in overall sales for the week, print units were still up 2% in the first 47 weeks of 2017, over 2016.
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Rottneros introduces new organisation for increased market and productivity focus

As part of optimising the Rottneros Group, a new organisation is introduced with a group-wide sales organisation and a site manager for each mill. At the same time, a group-wide safety function is established, which becomes part of the Human Resource Department. The purpose of the new organisation is to create an increased focus within each sub-area. Through the new organisation, the mills can focus wholeheartedly on productivity, quality, environment, costs and completion of Agenda 500. The common safety function also means that we will be able to get even more out of our high-priority safety work in the future, while it can be conducted in an efficient way, comments Lennart Eberleh, President and CEO of Rottneros. Click Read More below for additional information.
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Tiny Prints Teams Up with Baby2Baby to Support Children in Need

Tiny Prints unveiled an exclusive charitable holiday card collection, benefiting Baby2Baby, a non-profit organization that provides low-income children ages zero to 12 years with diapers, clothing and basic necessities that every child deserves. This year, Tiny Prints is increasing its donation pledge to 25 percent of the Baby2Baby Holiday Collection sales*. "Over the past four years, Tiny Prints has been committed to helping us impact the lives of so many deserving children in Los Angeles and beyond. With their help, this year we will provide over 150,000 children in Los Angeles with the basic essentials that every child deserves. We are so grateful for their continued support of the Baby2Baby kids," said Kelly Sawyer Patricof and Norah Weinstein, Co-Presidents of Baby2Baby. Click Read More below for additional information.
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Smurfit Kappa’s eye-catching drinks packaging stands out at the FlexoTech awards

The striking pre-print liner, which was designed for leading beer brand Beck’s, took the honour in the ‘Sacks and Corrugated Pre-Print Liner’ category. The complex liner required a high concentration of ink coverage to meet the customer’s brief of realistic, stand-out print. In order to achieve the attention-grabbing finish, composite colours were used to build the brand’s vivid green shade and put the bottle in the spotlight. With up to 82% of purchase decisions being made in-store, there is increasing pressure on brands to create a dramatic on-shelf presence and the beautiful Beck’s packaging more than delivers on the brief. Click Read More below for additional information.
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Clearwater Paper Releases 2017 Corporate Social Responsibilty (CSR) Report

"At Clearwater Paper, we look at sustainability as a continuous improvement journey that reflects our strong commitment to being part of the solution in a changing and challenging world," said Linda Massman, president and CEO. "As such, we are pleased to present this CSR report, which was developed using current Global Reporting Initiative (GRI) G4 guidelines." Highlights from the report include: •68 percent reduction in waste to landfill since 2012. •10 percent reduction in water usage since 2012. •23 percent reduction in volatile organic compounds (VOCs) since 2012. •9 percent reduction in recordable safety incidents since 2012. Click Read More below for additional information.
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LSC Communications Acquires The Clark Group

LSC Communications announced that it has acquired The Clark Group. Clark is a leading third-party logistics provider of distribution, consolidation, transportation management and international freight forwarding services, with a network of nine strategically located distribution centers in the US. “Continuing to expand LSC’s logistics service offering in ways that add value to our clients’ businesses has been a sharp focus for us,” said Thomas J. Quinlan III, Chairman and CEO of LSC. “The Clark Group brings a range of supply chain services to LSC that position us for growth, including the ability to better provide a full-service offering for magazine clients with newsstand distribution as well as reverse logistics solutions for our book publisher clients.” Click Read More below for additional information.
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Ahlstrom-Munksjö launches Trinitex® Advance W3000 for high efficiency gas turbine filtration

Ahlstrom-Munksjö announces the launch of Ahlstrom-Munksjö Trinitex® Advance W3000, a unique filtration media specifically designed for pulse jet gas turbine applications. “Trinitex® Advance W3000 has the ability to combine EPA (Efficiency Particulate Air) efficiencies, whilst delivering highest protection of the gas turbine in all demanding conditions, especially humid or industrial environments” says Cedric Vallet, Product Manager at Ahlstrom Munksjo. “ Trinitex® Advance W3000 delivers high particulate removal efficiency, reducing corrosion and fouling, thus minimizing maintenance and unplanned shut downs. It also delivers higher efficiency at a low level of pressure drop, helping to minimize energy consumption. Trinitex® Advance W3000 enables extended performance in all challenging environments, increasing filter lifetime and reducing frequency for filter change” he adds. Click Read More below for additional information.
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Oil Slips on Signs U.S. Inventories Gained Ahead of OPEC Meeting

Futures lost as much as 0.9 percent in New York after falling 1.6 percent the previous two sessions. U.S. crude inventories rose by 1.82 million barrels last week, the American Petroleum Institute was said to report, even as it noted a large decline at the storage hub in Cushing, Oklahoma. While all OPEC members support extending output curbs until the end of 2018, Russia hasn’t yet committed to the proposal, said people familiar with the matter. Oil has eased this week from the highest level in more than two years on uncertainty about the outcome of Thursday’s meeting of the Organization of Petroleum Exporting Countries. While the global glut relative to the five-year average has more than halved since January, the surplus still stands at 140 million barrels, OPEC Secretary-General Mohammad Barkindo said Monday. Click Read More below for additional information.
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U.S. Ad Market Up 7% in October, Boosted By Digital

Continued gains from digital media -- and virtually unchanged results from national TV -- helped lift the U.S. ad market to a robust 7% hike in October. Digital media grew 11%, while national TV inched up 1% and radio rose a surprising 16%, Standard Media Index says. On the losing end, out-of-home was down 3%, magazines slid 19%, and newspapers gave up 3%. Click Read More below for additional information.
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Kingery Printing Acquires Fellow Illinois Commercial Printer United Graphics

Kingery Printing, an Effingham, Ill.-based commercial printer that provides a full suite of prepress, sheetfed and web printing, binding, and distribution services, has announced the acquisition, effective December 1st, of Mattoon, Ill.-based United Graphics, a digital and offset printing company that specializes in the manufacturing of books, catalogs, guides and newsletters. Graphic Arts Advisors (GAA), Mountain Lakes, N.J., a strategic financial advisory and consulting firm devoted exclusively to all sectors of the graphic communications industry, represented Kingery Printing in the acquisition, with GAA Director John Hyde, Esq. serving as lead advisor on the purchase. Under the agreement, United Graphics and its Mattoon facility, will become part of the Kingery Printing organization, which, in addition to its Effingham headquarters and manufacturing facility, also includes a plant in Henry, Ill. John Wurtsbaugh, president of United Graphics, becomes COO of Kingery Printing, overseeing operations at all three facilities. Click Read More below for additional information.
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Amazon Publishing Launches New Imprint

Amazon Publishing has launched Amazon Original Stories, a new imprint that will release short fiction and nonfiction works that can be read in a single sitting. The essays and reported pieces, available in the Kindle Singles store, will be free to Prime and Kindle Unlimited members. The pieces will be $1.99 for all other customers. The imprint's first titles are The Sign of the Beast by Joyce Carol Oates and Crown Heights by Colin Warner and Carl King. Forthcoming 2018 titles from the imprint include works by W. Kamau Bell, Jade Chang, Eddie Huang, Janice Y.K. Lee, Walter Kirn, Dean Koontz, Wednesday Martin, Nick McDonell, Harold Schechter, Dan Slater, Dodai Stewart, and Susan Straight. Click Read More below for additional information.
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The Bon-Ton Stores, Inc. Announces November 2017 Sales

The Bon-Ton Stores, Inc. announced that comparable store sales for the four weeks ended November 25, 2017 increased 3.1%. Total sales increased 1.9% to $280.6 million in the current year compared with $275.3 million in the prior year period. "We are very pleased with our November sales results and our strong start to the holiday season," said Bill Tracy, president and chief executive officer for The Bon-Ton Stores, Inc. "We were well positioned heading into Black Friday weekend, and our new merchandising and marketing initiatives continue to generate positive initial results. We experienced in-store traffic that was better than industry regional trends, particularly on Black Friday, and our investments in our online and mobile shopping experience are resonating with customers. We continue to execute with a sense of urgency and remain focused on a successful holiday season."
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Informed Delivery: U.S. Postal Service’s Latest Innovation

Do you wait to see which co-workers, family members or friends send you holiday greeting cards before sending your own? Do you feel guilty about sending cards after-the-fact or worse — late? Well, stop feeling guilty. Your procrastinating ends this holiday season. Thanks to the latest innovative feature now offered by the U.S. Postal Service, you can preview those greeting cards from co-workers, family members and friends before they are delivered to your mailbox. Be among the first in your neighborhood to mail out cards this holiday season — not the last. “Informed Delivery is the perfect solution for mailing greeting cards this holiday season ahead of time,” said Product Innovation Vice President Gary Reblin. “See what’s coming soon to your mailbox before it’s actually delivered and manage your packages, too. Conveniently posted on your mobile phone, tablet or computer.” Click Read More below for additional information.
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Lecta introduces its new Adestor catalogue of self-adhesive labels

An extensive range of self-adhesive materials in sheets and reels for multiple applications. With a new format and a clean, elegant graphic line, the latest Adestor? swatchbook is noteworthy for its functionality, including as a new feature at the end of each section an envelope for future product samples. The catalogue features all of Lecta's self-adhesive papers and films, including its most recent launches such as its new high-gloss, wet-strength Adestor Metal HG WS? metalized facestock and the new Adestor Matt Inkjet and Adestor Gloss Inkjet? facestocks, specially designed for water-based inkjet printing. From stickers to retail and signage applications to labels for specific sectors such as wine, logistics or home and personal care, an Adestor solution is available with permanent, repositionable and removable adhesives and filmic liners in addition to standard glassine and kraft liners. Click Read More below for additional information.
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Euro-Graph Publishes Monthly Statistics for the European Graphic Papers Industry

Total European shipments of Graphic Papers were down 4.2% in September vs. September 2016 and are down 0.9% year-to-date. Total European shipments of Newsprint were down 5.5% in September vs. September 2016 and are down 3.7% year-to-date. Total European shipments of SC-Magazine were down 11.1% in September vs. September 2016 and are flat year-to-date. Total European shipments of Coated Mechanical Reels were down 4.6% in September vs. September 2016 and are down 1.4% year-to-date. Total European shipments of Uncoated Mechanical were UP 4.2% in September vs. September 2016 and are UP 2.3% year-to-date. Total European shipments of Coated Woodfree were down 1.4% in September vs. September 2016 and are UP 1.3% year-to-date. Total European shipments of Uncoated Woodfree were down 3.9% in September vs. September 2016 and are down 0.9% year-to-date. Click Read More below for additional information.
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Personalization Universe® Joins The 1-800-FLOWERS.COM, Inc. Family Of Brands

1-800-FLOWERS.COM, Inc. announced that Personalization Universe®, a destination developed by the company featuring a curated assortment of distinctive customizable gifts and keepsakes, has joined its family of brands. This new brand offers shoppers a personalized option for their gifting needs and is part of the company's ongoing strategy to provide customers with a one-stop shop for all celebratory occasions. In addition to Personalization Universe, the 1-800-FLOWERS.COM, Inc. portfolio of brands includes 1-800-Baskets.com®, Cheryl's® cookies, FruitBouquets.com, Harry & David®, Moose Munch® premium popcorn, Simply ChocolateSM, The Popcorn Factory®, and Wolferman's®. "We are pleased to add Personalization Universe to our growing family of gifting brands," said Chris McCann, Chief Executive Officer, 1-800-FLOWERS.COM, Inc. "We've been testing the personalized business for some time, while closely monitoring the retail environment and ultimately identifying a strong opportunity within the customized gifts space. What resulted was the creation of a dedicated destination for a carefully curated assortment of unique items that may be personalized, providing gift-givers with truly special ways to act on their thoughtfulness." Click Read More below for additional information.
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Adobe Data Shows Cyber Monday Is Largest Online Sales Day in History with $6.59 Billion

Adobe released its 2017 online shopping data for Cyber Monday and the holiday weekend overall. Cyber Monday is projected to hit a new record as the largest online sales day in history with $6.59 billion by the end of the day. This marks a 16.8 percent year-over-year (YoY) increase as of 10:00 p.m. ET. In comparison, Black Friday and Thanksgiving Day brought in $5.03 billion and $2.87 billion in revenue respectively. Top sellers on Cyber Monday included the Nintendo Switch, PJ Masks and Hatchimals & Colleggtibles figurines, Apple AirPods, streaming devices like Google Chromecast and Roku, and Super Mario Odyssey, the video game. The holiday shopping season so far (November 1 to 27) drove a total of $50 billion in online revenue, a 16.8 percent increase. Adobe predicts this will be the first-ever holiday season to break $100 billion in online sales. Click Read More below for additional information.
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Oil Extends Declines Before OPEC Meeting on Output-Cut Extension

Futures dropped as much as 1.2 percent in London, extending Monday’s decline. Uncertainty over the outcome of Thursday’s meeting is creating the risk of a slide in prices, which have gained on assumptions that the curbs will be prolonged for nine months, according to Goldman Sachs Group Inc. OPEC backs such an extension but is still waiting for commitments from Russia, according to people familiar with the matter. Crude surged earlier this month on signs the Organization of Petroleum Exporting Countries and its partners will prolong cuts aimed at shrinking a global glut. Prices, time spreads and hedge-fund positioning all reflect a high probability the group will follow a Saudi proposal to extend the pact to the end of 2018, Goldman said. Yet Saudi Energy Minister Khalid Al-Falih said Tuesday that it’s too early to talk about the duration. Click Read More below for additional information.
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Cascades wins a 2017 Food Innovation – Packaging Award for northbox®

Cascades Inc. is proud to have received a Food Innovation Award from the Food Processing Council of Quebec, in the Packaging category, for its northbox ® product, a new recyclable, insulated box. Cascades has developed northbox, a recyclable thermal box that ensures e-shipment temperature-sensitive product to your customer’s door. The northbox ® is an isothermal container made entirely of recycled materials, that is ideal for shipping temperature-sensitive products by mail. It was designed with the objective of being recyclable at the end of its lifecycle—a first in North America. With its thermal performance and eco-friendly features, northbox ® meets the needs of high-growth markets, notably e-commerce, for prepared and ready-to-cook meals. Click Read More below for additional information.
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Rite Aid Announces First Closings of Asset Sale to Walgreens Boots Alliance

Rite Aid Corporation announced that it has completed the pilot closing and first subsequent closings under the amended and restated asset purchase agreement entered into on September 18, 2017, resulting in the transfer of 97 Rite Aid stores and related assets to Walgreens Boots Alliance, Inc. (Nasdaq: WBA). Under the amended and restated agreement, WBA will purchase a total of 1,932 stores, three distribution centers and related inventory from Rite Aid for an all-cash purchase price of $4.375 billion on a cash-free, debt-free basis. Rite Aid and WBA expect to continue to transfer ownership of the stores in phases over the coming months, with the goal being to complete the store transfers in spring of 2018. The majority of the closing conditions have been satisfied, and the subsequent transfers of Rite Aid stores and related assets remain subject to minimal customary closing conditions applicable only to the stores being transferred at such subsequent closing, as specified in the asset purchase agreement. Click Read More below for additional information.
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Torstar announces community and daily newspaper transaction with Postmedia

Torstar Corporation announced it has completed a transaction with Postmedia Network Inc. (“Postmedia”) relating to the purchase and sale of a number of community and daily newspapers. As part of the transaction, Torstar has acquired eight weekly community publications, seven daily community newspapers and two free daily newspapers from Postmedia. The daily publications are the Barrie Examiner, Niagara Falls Review, Northumberland Today, Orillia Packet & Times, Peterborough Examiner, St. Catharines Standard and Welland Tribune. The community papers are the Bradford Times, Collingwood Enterprise Bulletin, Fort Erie Times, Innisfil Examiner, Niagara Advance, Pelham News, Inport News (Port Colborne) and Thorold Niagara News. As well, Torstar acquired the free dailies 24Hours Toronto and 24Hours Vancouver. Click Read More below for additional information.
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Innovation tops the agenda at European Paper Week, as industry moves forward on the bioeconomy

The 19th edition of European Paper Week will mark CEPI’s 25th anniversary and takes place in the background of industry’s transformation towards a low-carbon, circular bioeconomy. As part of this year’s theme, attendees are invited to look forward and ‘Sense the Future’ by experiencing through the five senses the innovative, bio-based potential of the industry. “Industry transformation is gaining pace. This year’s European Paper Week provides an occasion to look forward at how we can, as the leading renewable and recyclable material industry, unleash the full potential of a circular bioeconomy,” says Sylvain Lhôte, Director General at the Confederation of European Paper Industries (CEPI). As part of the industry’s ambition to lead Europe’s bioeconomy transformation, this year’s event will play host to the inaugural Europe-only edition of the Blue Sky Young Researchers and Innovation Awards, where eight accomplished researchers will make the case for their industry-changing ideas. Click Read More below for additional information.
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Meredith Corporation To Acquire Time Inc. To Create Premier Media And Marketing Company Serving Nearly 200 Million American Consumers

Meredith Corporation announced that it has entered into a binding agreement to acquire all outstanding shares of Time Inc. for $18.50 per share in an all-cash transaction valued at $2.8 billion. The transaction has been unanimously approved by the Boards of Directors of Meredith and Time Inc., and is expected to close during the first quarter of calendar 2018. "We are creating a premier media company serving nearly 200 million American consumers across industry-leading digital, television, print, video, mobile, and social platforms positioned for growth," said Meredith Corporation Chairman and CEO Stephen M. Lacy. "We are adding the rich content-creation capabilities of some of the media industry's strongest national brands to a powerful local television business that is generating record earnings, offering advertisers and marketers unparalleled reach to American adults. We are also creating a powerful digital media business with 170 million monthly unique visitors in the U.S. and over 10 billion annual video views, enhancing Meredith's leadership position in reaching Millennials." Click Read More below for additional information.
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Norske Skog: Update on recapitalization process

Funds managed by Oceanwood Capital Management and Aker Capital AS, a wholly owned subsidiary of Aker ASA, have today issued a joint press release stating the intention to form a new company (Bidco), which will bid in an auction process to ensure that there is a strong new owner of Norske Skog's paper mills. The board of directors of Norske Skogindustrier ASA is pleased that Aker, with its strong industrial knowledge and financial expertise, has taken a role together with Oceanwood in the recapitalization of the Norske Skog group. The board of directors of Norske Skogindustrier ASA will continue to safeguard the interest of all its stakeholders through the recapitalization process. As part thereof, the Norske Skog group's seven paper mills will continue as normal, and our customers, suppliers and other business partners will continue to receive high quality products and the best service from Norske Skog without interruption through the remainder of the recapitalization process. Click Read More below for additional information.
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Stora Enso announces intent to acquire forest assets in conjunction with planned structural changes in Bergvik Skog AB

Shareholders representing 98% of the owners in Bergvik Skog AB, a Swedish forest holding company, have agreed to initiate discussions, based on a non-binding letter of intent, aiming at structural changes in Bergvik Skog Group. These shareholders are Stora Enso, Länsförsäkringar, FAM, BillerudKorsnäs, Kåpan Pension, Tredje AP-fonden, Persson Invest, Karl Hedin AB and Tham Invest. “The wood supply agreement with Bergvik Skog, established 15 years ago, expires next year. Together with our partners, we have had a successful journey which now comes to an end. The planned transaction is a natural next step for us, as we strongly believe in the bioeconomy and want to secure our competitive raw material supply in the long term. We will seek support from the remaining 2% outstanding shareholders as well as all other relevant stakeholders”, says Karl-Henrik Sundström, CEO of Stora Enso. Bergvik Skog’s Swedish forest assets are owned by its subsidiaries Bergvik Väst AB and Bergvik Öst AB, representing approximately 83% and 17% respectively. Click Read More below for additional information.
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BillerudKorsnäs intends to acquire forest assets

BillerudKorsnäs has signed a letter of intent to acquire Bergvik Skog Öst AB, owned by Bergvik Skog AB. Bergvik Skog Öst AB comprises approximately 350,000 hectares of forest land in Sweden. The transaction will secure parts of BillerudKorsnäs’ wood supply, and improve the possibilities to manage the mix of internal and external wood flows in order to increase efficiency. Bergvik Skog AB was formed in 2004 through an acquisition of the Swedish forest holdings of Korsnäs and Stora Enso. The biological assets of Korsnäs represented in 2004 approximately 17% (Bergvik Skog Öst AB) and the Stora Enso assets approximately 83% (Bergvik Skog Väst AB). As part of the transaction in 2004, long term wood supply agreements were agreed between Bergvik Skog AB and Korsnäs and Stora Enso. Click Read More below for additional information.
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Norske Skog: Performance impacted by currency

Norske Skog's gross operating earnings (EBITDA) in the third quarter 2017 were NOK 143 million, a decrease from NOK 190 million in the second quarter 2017. Gross operating earnings declined despite an increase in sales volume in Europe due to NOK appreciation, and less domestic demand in Australasia resulted in more low-margin export sales. Operating earnings in the third quarter was NOK 73 million compared to negative operating earnings of NOK 52 million in the second quarter of 2017. Net loss in the third quarter was NOK 9 million compared to a net loss of NOK 546 million in the second quarter 2017, mainly due to non-cash currency effects on debt and changes in the valuation of power contracts. Cash flow from operations declined to a negative NOK 162 million in the quarter from a positive NOK 187 million in the second quarter. Net interest-bearing debt increased by NOK 459 million to NOK 7 038 million in the third quarter, reflecting a negative cash flow for the period and unpaid interest costs related to the ongoing recapitalization process. At the end of the third quarter, the group had a negative book equity of NOK 689 million. As part of the ongoing recapitalization process, the board has decided not to pay interest on the group's outstanding debt. The cash balance at the end of the third quarter was NOK 426 million and is sufficient to support the operations until a recapitalization solution takes place. Norske Skog's board and administration continue discussions with the creditors to launch as soon as possible a new and broadly supported offer for converting debt to equity and a new bond. Click Read More below for additional information.
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Metsä Board Simpele implements new standards in food safety

Metsä Board, a leading European producer of premium paperboards is pleased to announce that its Simpele mill has recently integrated the FSSC 22000 food safety system into its management systems and received third party certificate to verify this. The FSSC 22000 Food Safety System provides a framework for effectively managing an organisation's food safety responsibilities. FSSC 22000 is fully recognised by the GFSI (Global Food Safety Initiative) and is based on existing ISO Standards. It demonstrates that a company has a robust Food Safety Management System in place that meets the requirements of both direct customers and consumers. The GFSI brings together key players from the food industry to collaboratively drive continuous improvement in food safety management systems around the world. Click Read More below for additional information.
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Cascades launches a transportation electrification program for its employees

Cascades today launched a pilot transportation electrification project for its employees. To encourage them to reduce greenhouse gas emissions by acquiring an electric vehicle, the company has installed twenty-two 240‑V charging stations and one 480‑V fast charging station at its various plants in Kingsey Falls . In addition, Cascades announced it would be offering a $2,000 financial incentive for employees who acquire an electric vehicle in the next year—a supplement to the government grants in effect. Mario Plourde , President and CEO of Cascades, made the announcement at the Salon du véhicule électrique de Saint-Hyacinthe trade show alongside Isabelle Melançon, Minister of Sustainable Development, the Environment and the Fight Against Climate Change, and André Fortin, Minister of Transport, Sustainable Mobility and Transport Electrification, before numerous representatives of the sustainable transportation industry. Click Read More below for additional information.
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Innovation distinguishes between a leader and a follower…

To be innovative, we can't merely look and mimic what others have done before. The whole idea of blazing a new path is that there was no path there before. Steve Jobs really hit the nail on the head when he said: “Innovation distinguishes between a leader and a follower…”. When one of the biggest awards night in the magazine industry calendar is loudly caveated by just how depressing and difficult the media industry is right now, it feels like the already battered brows are taking another beating. How disappointing on what is meant to be a night of celebration. For one, my table was upbeat, and it was for good reason. Not only for the optimism of four nominations to celebrate, but we have just closed our best ever month, our biggest issues and record revenue performances across our global titles in our 24 year history. In my opinion, the industry needs to stop crying into its champagne glasses and start celebrating the fabulous medium of magazines, the opportunities they pose and find new and innovative ways to get to the huge audience and bustling markets. Click Read More below for additional information.
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Three organizations join as PEFC International Stakeholder members

“We are delighted to welcome ARAUCO, European Panel Federation (EPF) and European Pulp Industry Sector Association AISBL (EPIS) as International Stakeholder members,” said Ben Gunneberg, following the acceptance of the three new members during the PEFC General Assembly in Helsinki, Finland, 15 November 2017. EPIS membership 2017“As sustainable forestry is a lifeline for our members, we are very much looking forward to our membership with PEFC,” said Anna Maija Wessman, European Pulp Industry Sector Association, AISBL (EPIS), speaking at the General Assembly. “We hope to engage in an active dialogue between EPIS and PEFC, and to have a good interaction in the coming years,” Ms. Wessman continued. Click Read More below for additional information.
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Crude Oil Prices Mixed With All Eyes On OPEC Meeting

Crude oil prices were mixed in Asia on Monday as the market turned cautious ahead of a key OPEC meeting near the end of the week. U.S. West Texas Intermediate (WTI) crude futures dipped 0.42% to $58.70 a barrel. ICE Brent crude futures, the benchmark for oil prices outside the U.S., rose 0.47% to $63.77 a barrel. This week, market participants will focus on the Organization of Petroleum Exporting Countries highly-anticipated meeting on Thursday to see whether major producers plan to extend their current production-cut agreement. Click Read More below for additional information.
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J.Crew Group, Inc. Announces Third Quarter Fiscal 2017 Results

•Total revenues decreased 5% to $566.7 million. Comparable company sales decreased 9% following a decrease of 8% in the third quarter last year. •J.Crew sales decreased 12% to $430.4 million. J.Crew comparable sales decreased 12% following a decrease of 9% in the third quarter last year. •Madewell sales increased 22% to $107.5 million. Madewell comparable sales increased 13% following an increase of 4% in the third quarter last year. •Gross margin increased to 40.1% from 38.1% in the third quarter last year. Click Read More below for additional information.
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Stora Enso to divest the Baienfurt sheeting centre

Stora Enso has signed an agreement to divest its sheeting centre business in Baienfurt, Germany to Pyroll, a Finnish converting firm. The sheeting centre operations started in April 2009 and is 100% owned by Stora Enso. This divestment supports Stora Enso’s growth strategy for its consumer board business, where the focus is to generate value to customers by being the global benchmark in high quality virgin fibre carton board. Running sheeting centre operations is not part of Stora Enso’s core business. The new owner has sheeting operations as its core and is in a better position to further develop Baienfurt. Stora Enso will remain a key customer to the Baienfurt sheeting centre. Click Read More below for additional information.
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American Forest & Paper Association Releases October 2017 Printing-Writing Paper Report

According to the October 2017 Printing-Writing Monthly report from the American Forest & Paper Association, total printing-writing paper shipments decreased seven percent in October compared to October 2016. Shipments of uncoated free sheet managed a year-over-year increase but this was more than offset by decreases in the remaining three major printing-writing grades. U.S. purchases of printing-writing papers also decreased, down nine percent in October. Total printing-writing paper inventory levels decreased nine percent from September 2017. •October uncoated free sheet (UFS) paper shipments increased year-over-year for the second time this year. Imports of UFS decreased by 12 percent year-over-year in September – the fourth consecutive decrease of 12 percent or more. Meanwhile, exports of UFS papers continue to climb, up 26 percent year-over-year in September, the fifth consecutive increase of 17 percent or higher. •Recent mill shuts leave coated free sheet (CFS) paper shipments down year-over-year. This is a significant change from last month’s peak for the year, as two recent mill shuts factor in to the decline this month. U.S. imports of CFS papers decreased 17 percent year-over-year in September, the third consecutive year-over-year decline. Meanwhile, exports of CFS papers increased 4 percent year-over-year in September, the seventh increase in the past nine months. •Coated mechanical (CM) paper shipments declined year-over-year in October for the fifth consecutive month. Imports of CM increased in September, up 23 percent compared to September 2016. Exports of CM decreased, down 9 percent in September to 24,200 tons – the lowest level in more than five years. •Shipments of uncoated mechanical (UM) papers have declined year-over-year in every month when compared to the same month in 2016. Imports of UM decreased 13 percent year-over-year in September and exports of UM decreased 4 percent year-over-year in September.
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Oil Climbs to Two-Year High as Stockpiles Fall Before OPEC Meets

“It does appear the only way is up for oil,” said Michael McCarthy, a chief strategist at CMC Markets in Sydney. “A lot of traders are speculating about the potential outcome of the OPEC meeting. Expectations are high and that could lead to disappointment if OPEC and its partners don’t deliver, but it doesn’t seem many are prepared to take the risk of that happening.” U.S. crude stockpiles at Cushing, Oklahoma, the delivery point for WTI and the biggest oil-storage hub, dropped by 1.8 million barrels last week, the API said, according to people familiar with the data. Gasoline inventories expanded by 869,000 barrels, API data show. Click Read More below for additional information.
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Forest Sector Welcomes Natural Resource Canada’s Clean Growth Program

Forest Products Association of Canada (FPAC) welcomes Natural Resources Canada’s Clean Growth Program launched today in Ottawa. The $155-million program will fund clean technology projects, helping to reduce greenhouse gas emissions and improve environmental performance in the natural resources sector. Canada’s forest products sector was the first major Canadian industry to commit to helping the Government of Canada meet its carbon reduction goals. In 2016, the sector launched the 30 X 30 Climate Change Challenge, pledging to remove 30MT of C02 per year by 2030 – 13% of the government’s goal. “The Clean Growth Program will provide much needed support to forest product companies working hard to mitigate climate change,” says Derek Nighbor, CEO of FPAC. “We are a sustainable industry committed to doing our part to take care of the environment for generations to come.”
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Jim Fetherston Named President of Book Manufacturers’ Institute

The Book Manufacturers’ Institute (BMI) held its Annual Conference Nov. 5-7, 2017 at Turnberry Isle in Florida. The Annual Conference - attended by a number of book manufacturing companies as well as suppliers to the industry -- is the flagship event of the association where members go to learn and network. The Annual Conference is also where new board members are voted into the leadership of the association. At the event, Kent Larson of Bridgeport National Bindery, finished his two-year term as president of the BMI. Taking over for Larson is Jim Fetherston, who is President and CEO of Worzalla in Stevens Point, Wis. Not only is BMI seeing a change in its volunteer leadership, the association is also experiencing a change in its staff leadership. Dan Bach, a longtime industry veteran, has led the BMI as executive VP since 2009. Bach announced his retirement earlier in 2017 and the BMI set out to find his replacement. Click Read More below for additional information.
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Shutterfly and David’s Bridal Announce Expanded Marketing Partnership

Shutterfly, Inc. and David's Bridal formally announced an expanded partnership. The new collaboration builds off an already successful standing relationship, and makes Shutterfly the exclusively endorsed personalized wedding invitation and personalized photo product partner to David's Bridal. The deal gives Shutterfly direct access to the largest concentration of brides in the US through the David's Bridal website, dedicated emails, direct marketing communications and over 315 retail locations. In addition, brides will be able to choose from a new assortment of expertly curated wedding invitations and day-of stationery designed by David's Bridal beginning in early 2018. The collection will be available through the newly launched Wedding Shop by Shutterfly, and it will provide customers the unique ability to match their stationery "look and feel" with the corresponding David's Bridal color palette they select. Click Read More below for additional information.
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Rayonier Advanced Materials Completes Acquisition of Tembec

Rayonier Advanced Materials Inc. announced that it has completed the acquisition of Tembec Inc., combining two complementary high purity cellulose businesses and diversifying its product offerings with integrated forest products, paper, paperboard and newsprint businesses. The combined company, which will operate under the name Rayonier Advanced Materials, will be a stronger, more diversified global leader in its core businesses with an expanded international footprint that further positions it to serve the larger customer base with the highest quality products and services. In addition, the combined company offers enhanced new product development capabilities, a broader and more versatile asset base, and the financial strength to invest back into its businesses for continued growth. “This acquisition advances our strategic growth objectives and provides an accretive and attractive value proposition for our shareholders by more than doubling our revenues, diversifying our product offering in high purity cellulose and allowing us to expand into new adjacent businesses,” said Paul Boynton, Chairman, President and Chief Executive Officer of Rayonier Advanced Materials. “Rayonier Advanced Materials and Tembec are not only a good strategic fit, but we are also an excellent cultural fit. We are excited to welcome the Tembec employees to Rayonier Advanced Materials as we continue to execute on our four strategic pillars of growth.”
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URBN Reports Record Q3 Sales

Urban Outfitters, Inc. announced net income of $45 million and $107 million for the three and nine months ended October 31, 2017, respectively. Earnings per diluted share were $0.41 and $0.94 for the three and nine months ended October 31, 2017, respectively. Total Company net sales for the third quarter of fiscal 2018 increased 3.5% over the same quarter last year to a record $893 million. Comparable Retail segment net sales, which include the comparable direct-to-consumer channel, increased 1%. Excluding the estimated impact of the North American hurricanes in the quarter, comparable Retail segment net sales increased 2%, and by brand, comparable Retail segment net sales increased 5% at Free People, 2% at the Anthropologie Group and 1% at Urban Outfitters. Comparable Retail segment sales were driven by strong, double-digit growth in the direct-to-consumer channel, partially offset by negative retail store sales. Wholesale segment net sales increased 8.7%. Click Read More below for additional information.
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Glatfelter Announces Price Increase on Tag/Index Products in the US Market

Glatfelter is announcing a price increase for the listed grades and product lines sold in our United States market. The increase will be effective with shipments on or after January 1, 2018. The increase will be $2/cwt for the following items: Sealer Envelope Worthington Index; Tiffin Tag (White & Manila) Index Card; Shawnee Vellum Bristol. The increase will be $3/cwt for the following items: Tiffin Tag (Colors) File Folder. All current standard differentials and upcharges remain in effect.
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Sappi North America Price Increase on Packaging/Specialty Products

Sappi North America announces a US$3.00 per CWT transactional price increase on new and unconfirmed orders that book with confirmed delivery dates on or after Monday, January 1, 2018 on the following packaging and specialty products: • Fusion Topliner • Parade Prima • Algro Design • Algro Finess • Algro Fin • Algro Teepack • Algro Kraft Y • Algro Sol • Leine Kraft • Leine Mühle • Leine Silk. Standard differentials and upcharges apply. The price increase includes all basis weights and finishes.
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Chico’s FAS, Inc. Reports Third Quarter Results

For the thirteen weeks ended October 28, 2017, the Company reported net income of $16.7 million, or $0.13 per diluted share, compared to net income of $23.6 million, or $0.18 per diluted share, for the thirteen weeks ended October 29, 2016. Results for the third quarter include the unfavorable impact of hurricanes Harvey, Irma and Maria (collectively, the "Hurricanes") of approximately $5.0 million after-tax, or $0.04 per diluted share. Results for the third quarter of 2016 include the unfavorable impact of restructuring and strategic charges and Boston Proper of $2.8 million after-tax, or $0.02 per diluted share. For the thirty-nine weeks ended October 28, 2017, the Company reported net income of $73.0 million, or $0.57 per diluted share, compared to net income of $77.7 million, or $0.58 per diluted share, for the thirty-nine weeks ended October 29, 2016. Results for the thirty-nine weeks ended October 28, 2017 include the unfavorable impact of the Hurricanes of approximately $5.0 million after-tax, or $0.04 per diluted share. Results for the thirty-nine weeks ended October 29, 2016 include the unfavorable impact of restructuring and strategic charges and Boston Proper of $15.4 million after-tax, or $0.12 per diluted share. Click Read More below for additional information.
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Middle East tension may not mean what you think for crude oil

Ahead of next week's OPEC meeting in Vienna, strategists are closely watching swings in crude oil prices, which are faltering after weeks of gains. Despite political tensions involving oil superpower Saudi Arabia and OPEC's promises to cut production, crudeprices could come down by year-end, one strategist says. Here's why. • "Tensions in Saudi Arabia are still flaring following the actions by Crown Prince Mohammed bin Salman," Chantico Global CEO Gina Sanchez said Monday on CNBC's "Trading Nation," referring to a vast political shakeup in the kingdom earlier this month that initially boosted oil prices. • It is unlikely, however, that this will be an "actual geopolitical event," Sanchez said, and oil prices should continue settling. Click Read More below for additional information.
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Glenfiddich Turns to Metal as Single Malt Market Blooms

This impressive growth is being driven, in part, by a demand for premium products – a category in which single malt whisky, and Glenfiddich undoubtedly belongs. Premiumisation has led many global brands to leverage packaging as a truly unique, sophisticated finishing touch to complement their products. Metal packaging is an ideal option to achieve this goal, offering a great deal of design and decoration freedom to create flourishes and incorporate fine details that add an extra level of class. Glenfiddich partnered with Crown to create two limited edition gift tins for its 12- and 15-year-old single malt whiskies. The format was chosen for its premium feel, and superior sustainable credentials. The metal used to create the tins is infinitely recyclable, meaning it can go through the recycling process over and over again, with no loss of physical properties. Click Read More below for additional information.
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EFI Releases New Version of High-performance Fiery DFEs for Production Inkjet Systems

Electronics for Imaging, Inc., announced the release of its newest-version EFI™ Fiery® XB digital front end (DFE) platform for ultra-high-speed production inkjet presses. The Fiery DFE meets highly demanding requirements for performance, color and imaging, including advanced variable-data production printing, at speeds of up to 13,000 pages per minute – or the data equivalent of 2 streaming movies each second. The groundbreaking Fiery XB platform used for the new DFE complies with native intelligent production data stream (IPDS) workflows and is certified IS/3 compliant, delivering the performance, functionality and accuracy required for high-volume transactional applications. As one of the most flexible DFEs in the production inkjet market, the Fiery XB DFE platform also consumes all variable data formats and languages, including PDF and PDF/VT. Click Read More below for additional information.
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Book Publisher Sales Declined in July 2017

After several months of increases, publishers’ revenues (sales to bookstores, wholesalers, direct to consumer, online retailers, etc.) declined by 11.7% in July 2017 compared to July 2016. Revenues for Jan. – July 2017 were relatively flat, up by 0.2%, according to the most recent StatShot data from the Association of American Publishers. Tracked categories include: Trade - fiction/non-fiction/religious, PreK-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses. Revenues for trade books (fiction/non-fiction/religious) declined in July, and were flat (down 0.3%) for the year-to-date, compared to the same periods in 2016. The only category to see growth in July 2017 was Religious Presses, which saw a 4.4% revenue increase in July 2017 compared to July 2016; despite that growth, the category remains down year to date. The only format that saw growth in July was downloaded audio, which saw 23.8% revenue growth compared to July 2016. Click Read More below for additional information.
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China’s quest for clean air is shaking up industry and prices

The great Chinese environmental cleanup, now in full swing, is shifting the corporate landscape in unexpected ways and even stoking inflationary pressure that may soon be felt in supply chains worldwide. As President Xi Jinping's government intensifies the fight against the country's world-class pollution problem, companies are scrambling to adapt to tighter regulation while investing in cleaner energy. In industries from steel to textiles and consumer goods, the resulting shakeout has left the survivors with far more pricing power. That in turn is reinforcing the already-resurgent factory prices that contribute to global inflation. These trends are reshaping the business environment, according to Ms Cui Li, Hong Kong-based head of macro research at CCB International Holdings. "The environment clean-up is and will be a key driver of the industrial consolidation," said Ms Cui, who expects to see greater concentration in steel, paper-making and pharmaceuticals. "With costs rising from wages, land and pollution curbs, China's manufacturers will have to invest and upgrade to survive. Those who survive will benefit." Click Read More below for additional information.
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Sappi Europe to increase prices on Woodfree grades by 6-8% from January 1st 2018

Due to continuing input cost increases and unsustainable profit levels, Sappi is forced to continue passing on this cost inflation by increasing its Woodfree grades prices by 6-8% effective on deliveries from January 1st 2018 for all European markets. This follows previous announcements made for its LWC and MWC grades. Despite strong order books margins continue to be depressed by this severe input cost inflation. Sappi’s sales representatives will be in touch with their customers to agree on the specifics over the following weeks.
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Lecta’s New GardaPremium Natural Catalogue

GardaPremium Natural is a 2 side coated woodfree silk paper with a smooth surface and a natural shade. It offers good thickness, extraordinary runnability, high stiffness and good resistance to cracking on fold, in addition to high opacity. These characteristics guarantee excellent print results for any type of project, as with all of Lecta's premium coated papers. With the new GardaPremium Natural catalogue, you can directly observe the paper's natural white shade, obtained without the addition of optical brighteners. This neutral tone is perfect for enhancing color as well as black-and-white images, highlighting every detail. Click Read More below for additional information.
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Stora Enso will bring renewable materials to Seefeld Nordic World Ski Championships 2019

The renewable materials company Stora Enso will be the Presenting Sponsor for FIS Nordic World Ski Championships 2019 in Seefeld, Austria. The sponsorship gives Stora Enso the possibility to contribute to a sustainable sports event and showcase its renewable solutions in various applications. Throughout the event, Stora Enso wants to increase the participants’, viewers’ and visitors’ awareness of the benefits of sustainable products. Stora Enso’s products provide a climate-friendly alternative to many products made from fossil based materials, and have a smaller carbon footprint. During the World Ski Championships, a variety of products and solutions based on renewable raw materials will be show casted, such as wood for temporary buildings, carton board packaging, paper, effective waste management systems, and renewable materials for arenas. This marks the third time Stora Enso will be sponsoring the Nordic World Ski Championships, after being the Presenting Sponsor for the 2017 event in Lahti, Finland, and a main sponsor of the event in Falun, Sweden in 2015. Click Read More below for additional information.
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American Forest & Paper Association Releases October 2017 Boxboard Report

Total boxboard production increased 3.5 percent when compared to October 2016 and increased 3.0 percent from last month. Unbleached Kraft Boxboard production increased over the same month a year ago and increased compared to last month. Total Solid Bleached Boxboard & Liner production increased when compared to October 2016 and increased compared to last month. The production of Recycled Boxboard increased compared to October 2016 and increased when compared to last month.
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Oil Holds Above $56 After Surging on Saudi Cut-Extension Plea

Oil dipped slightly last week on a weaker demand outlook while Russia cast doubts on the timing of a decision to extend supply cuts led by the Organization of Petroleum Exporting Countries. Wagers on lower Brent prices rose by the most since June through the week to Nov. 14 amid uncertainty over Saudi Arabia’s push to prolong output curbs. Yet an extension remains likely, according to PVM Oil Associates Ltd. “It is widely believed that OPEC, together with 10 non-OPEC countries, will roll over their production for the whole of 2018,” said Tamas Varga, an analyst at PVM in London. Click Read More below for additional information.
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U.S. Postal Service Letters FROM Santa Program Provides Santa’s Personalized Response to Your Child’s Letter

Yes, Virginia, there is a Santa Claus — and the U.S. Postal Service can help you prove it when Santa replies to your child’s letter — complete with a North Pole postmark. Here are the steps for your child to get a letter back from Santa: •Have your child write a letter to Santa and place it in an envelope addressed to: Santa Claus, North Pole. •Later, when alone, open the envelope and write a personalized response. •Insert the response letter into an envelope and address it to the child. •Add the return address: SANTA, NORTH POLE, to the envelope. •Affix a First-Class Mail stamp, such as a new Christmas Carols Forever stamp to the envelope. •Place the complete envelope into a larger envelope — preferably a Priority Mail Flat Rate envelope — with appropriate postage and address it to: North Pole Postmark Postmaster 4141 Postmark Drive Anchorage, AK 99530-9998. “Letters from Santa” must be received by the Anchorage, AK, postmaster no later than Dec. 15. Santa’s helpers at the Postal Service will take care of the rest. Click Read More below for additional information.
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Sappi Europe to increase prices on Woodfree grades by 6-8% from January 1st 2018

Due to continuing input cost increases and unsustainable profit levels, Sappi is forced to continue passing on this cost inflation by increasing its Woodfree grades prices by 6-8% effective on deliveries from January 1st 2018 for all European markets. This follows previous announcements made for its LWC and MWC grades. Despite strong order books margins continue to be depressed by this severe input cost inflation. Sappi’s sales representatives will be in touch with their customers to agree on the specifics over the following weeks.
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Domtar’s Kingsport, Tennessee, mill awarded for million-hour safety mark

Montreal-based papermaker Domtar has announced its Kingsport, Tennessee, paper mill has been awarded the Tennessee Occupational Safety and Health Administration (TOSHA) Governor’s Award of Excellence for Workplace Safety. The safety award recognizes outstanding achievement in employer-employee safety programs for the prevention of workplace injury. As part of its qualification criteria, Domtar’s Kingsport mill had to accumulate 1 million hours worked without a lost-time or restricted-duty incident. While this is the first public recognition for the Kingsport mill, Bill MacPherson, manager of the mill, says it has achieved the 1-million-hour milestone several times in the past. Click Read More below for additional information.
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WestRock to Upgrade Florence, SC Mill

WestRock Company announced today a planned investment in its Florence, South Carolina kraft linerboard mill that will significantly increase the mill’s efficiency, quality and service levels. The $410 million investment over two years will include installing a 330” state-of-the-art kraft linerboard machine and related infrastructure that will replace three older, narrow-width paper machines. The company expects the new machine to produce 710,000 tons of kraft linerboard annually. In addition, the company plans to invest approximately $60 million over the next five years to support the new machine and other mill projects. When coupled with the recently completed modern woodyard, the Florence mill will become one of the lowest cost kraft linerboard mills in North America. Click Read More below for additional information.
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Verso Expands GlazeArmor™ Family to Include New Natural Kraft Lightweight Oil and Grease Resistant Papers

"Foodservice packaging converters and end users are seeking natural kraft OGR paper options that offer the right combination of quality, performance and run-to-run consistency," said Mike Weinhold, Verso President of Graphic Papers. "Our GlazeArmor™ family of OGR papers excels in these critical areas, and we will deliver these solutions with the same level of highly personalized customer service, experienced technical resources, and overall attention to detail that customers have come to expect from Verso." GlazeArmor™ natural kraft options are an exciting addition to the broader portfolio of Verso's machine-glazed laminating and converting papers, which are relied upon by flexible packaging converters worldwide. Featuring OGR levels ranging from Kit 5 to as high as Kit 12, GlazeArmor™ NK OGR and GlazeArmor™ NK Micro are Perfluorooctanoic acid (PFOA)-free and are designed to work well in low to high oil and grease end uses. These OGR papers offer excellent runnability and converting performance, both key performance requirements for end-use applications such as sandwich and deli wraps, foodservice liners, microwave popcorn bags and laminated food pouches. Click Read More below for additional information.
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CGI Federal Inc And Quad/Graphics Announce Impending Layoffs In Ohio

Ohio’s Office of Workforce Development received another WARN notice from Quad/Graphics. Quad/Graphics, which is based out of Sussex, Wisconsin, is a printing company. The company was founded in July of 1971. According to the company’s WARN notice, it will soon be shutting down its Columbus facility and laying off all employees at the facility. The closure and layoffs are expected to be permanent. The employment separations are expected to commence on or around December 8, 2017. In total, Quad/Graphics believes that 116 workers will be impacted by the upcoming closure. The WARN notice can be accessed here. Click Read More below for additional information.
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Gap Inc. Reports Third Quarter Results

Gap Inc.’s comparable sales for the third quarter of fiscal year 2017 were up 3 percent versus a 1 percent decrease last year, which excluded an estimated negative impact from the Fishkill distribution center fire of approximately 2 percentage points. Comparable sales by global brand for the third quarter were as follows: • Old Navy Global: positive 4 percent versus positive 4 percent last year, excluding an estimated negative impact from the Fishkill distribution center fire of approximately 1 percentage point. • Gap Global: positive 1 percent versus negative 4 percent last year, excluding an estimated negative impact from the Fishkill distribution center fire of approximately 4 percentage points. • Banana Republic Global: negative 1 percent versus negative 6 percent last year, excluding an estimated negative impact from the Fishkill distribution center fire of approximately 2 percentage points. Click Read More below for additional information.
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New Product Category Rules Issued for Paper Products

The American Forest & Paper Association (AF&PA), in collaboration with the Forest Products Association of Canada (FPAC) and FPInnovations issued Product Category Rules (PCR) for Market Pulp, Paper and Paperboard, Containerboard and Tissue products manufactured in North America. The PCR provides rules and requirements for conducting paper product life cycle assessment (LCA) reports as well as developing Type III Environmental Product Declarations that communicate the environmental footprint of products to customers. The PCR development process included the participation of a broad stakeholder group including manufacturers, trade associations, government agencies, non-government organizations, retail representatives, independent parties, academia and other Environmental Product Declarations program operators. “This PCR has been approved by an independent peer review panel of recognized LCA experts,” said Debbie Steckel, Executive Director of the American Center for Life Cycle Assessment. “It conforms to the requirements of ISO International Standards, providing consistent and transparent environmental evaluation standards with the highest degree of credibility.” Click Read More below for additional information.
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Berry Global Group, Inc. Announces Agreement to Acquire the Clopay Plastic Products Company, Inc., from Griffon Corporation

Berry Global Group, Inc. announced that it has entered into a definitive agreement to acquire the Clopay Plastic Products Company, Inc., a subsidiary of Griffon Corporation, for $475 million in cash on a debt-free, cash-free basis. Clopay is a global supplier of printed breathable films as well as an innovator in the development of elastic films and laminates with product offerings uniquely designed for applications used in a number of markets including; hygiene, healthcare, construction and industrial protective apparel. Clopay has nearly 1,500 employees with a footprint serving markets across the globe with locations in the United States, Germany, Brazil, and China. Clopay delivered $461 million in sales and $53 million in operating EBITDA for its fiscal year ended September 30, 2017. We expect annual cost synergies to be approximately $20 million. The purchase price, including our expected cost synergies along with the tax basis step-up value, represents an adjusted EBITDA multiple of below 6 times. Click Read More below for additional information.
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Berry Global Group, Inc. Reports Fourth Quarter and Fiscal Year 2017 Results

Fiscal Year 2017 Results: The net sales increase of $606 million is primarily attributed to acquisition net sales of $788 million and selling price increases of $60 million due to the pass through of higher resin prices, partially offset by a negative $136 million impact from a 2 percent base volume decline, $98 million from extra days in fiscal 2016, and a slightly negative impact from foreign currency changes. The operating income increase of $151 million is primarily attributed to acquisition operating income of $62 million, a $36 million decrease in Avintiv integration and restructuring costs, a $35 million decrease in selling, general and administrative expense related to synergies and cost reductions, a $24 million improvement in our product mix and price/cost spread, a $16 million decrease in depreciation and amortization, and a slight improvement in productivity in manufacturing. These improvements were partially offset by a $20 million impact from the base volume decline and $10 million from extra days in fiscal 2016. Click Read More below for additional information.
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Middle East, U.S. crude oil curbs Indian appetite for African supplies

India’s imports of African crude oil in October plunged to their lowest in over four years, with the world’s No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed. U.S. crude production has soared more than 14 percent since mid-2016 to 9.65 million barrels per day (bpd), altering trade routes as its relatively cheap and light grades become a viable import option for Asian refiners. “Earlier in Asia, West African oil was competing with Middle East grades, but now it has a new competitor: the U.S.,” said Ehsan Ul-Haq, director of crude oil and refined products at consultancy Resource Economist. Click Read More below for additional information.
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Destination XL Group, Inc. Reports Third Quarter Financial Results

Total sales for the third quarter increased 1.8% to $103.7 million from $101.9 million in the prior year's third quarter. Comparable sales for the third quarter decreased 0.1%. Gross margin, inclusive of occupancy costs, was 43.2%, compared with gross margin of 44.4% for the prior year's third quarter. The decrease in gross margin was due to a decrease of 120 basis points in merchandise margin from the third quarter of last year, primarily due to more aggressive markdowns related to our inventory productivity initiatives. Net loss for the third quarter was $(5.7) million, or $(0.12) per diluted share, compared with a net loss of $(4.5) million, or $(0.09) per diluted share, for the prior year's third quarter. Click Read More below for additional information.
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“Together, interdependently, we will make the difference”

“We need a paradigm shift in how society perceives the whole forest/tree value chain,” said Ben Gunneberg, CEO of PEFC International, as he opened the 22nd PEFC General Assembly, in Helsinki, Finland. “Society is at a crossroads and the strategic direction we choose will provide the opportunity for us to demonstrate the real value of sustainable forests and their contribution to society in achieving the UN’s Sustainable Development Goals.” “Climate change, a growing urban global population, cooperation challenges, are all issues we have to tackle, by demonstrating how forests are an important part of the solution,” Ben highlighted. Click Read More below for additional information.
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Part of Camas paper mill to shut down, between 280 and 300 jobs lost

Georgia-Pacific on Tuesday announced it plans to shut down several operations at its Camas mill and cut up to 300 jobs. Between 120 and 140 jobs will remain at the mill, which opened in 1885 and in the 1980s employed around 2,400. “The paper mill is the reason Camas exists,” said Peter Capell, city administrator. “The biggest concern we have about this is the people. They have mortgages, college payments, retirement. It’s something I wouldn’t wish on anybody.” The Atlanta, Ga.-based company and subsidiary of Koch Industries said the cuts stem from dives in demand for communications paper, mainly used in offices for printers, copiers and the like. “It’s definitely not a reflection of the employees, they have worked very hard and taken a lot of pride in running these assets and keeping them going, but it’s just a situation where it’s a declining marketplace,” said spokeswoman Kristi Ward. “People just aren’t using as much office paper as they used to.” Click Read More below for additional information.
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USPS Calls for Postal Reform, New Pricing System for Declining Volumes

"Our financial situation is serious, though solvable,” says Postmaster General and CEO Megan J. Brennan. “There is a path to profitability and long-term financial stability. We are taking actions to control costs and compete effectively for revenues in addition to legislative and regulatory reform. We continue to optimize our network, enhance our products and services, and invest to better serve the American public." Brennan stressed that the path forward for a financially stable future must also include urgent actions needed outside of the Postal Service's control. They include advancement and passage of the postal reform provisions contained in H.R. 756 in the 115th Congress and the adoption by the Postal Regulatory Commission of a new pricing system as part of its 10-year pricing review, enabling the Postal Service to generate sufficient revenues to cover our costs. Click Read More below for additional information.
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L Brands Reports Third Quarter 2017 Earnings

Earnings per share for the third quarter ended Oct. 28, 2017, decreased 29 percent to $0.30 compared to $0.42 for the quarter ended Oct. 29, 2016. Third quarter operating income decreased 18 percent to $231.7 million compared to $283.6 million last year, and net income was $86.0 million compared to $121.6 million last year. The company reported net sales of $2.618 billion for the third quarter ended Oct. 28, 2017, an increase of 1 percent, compared to net sales of $2.581 billion for the quarter ended Oct. 29, 2016. Comparable sales decreased 1 percent for the third quarter ended Oct. 28, 2017. For the third quarter ended Oct. 28, 2017, the exit of the swim and apparel categories had a negative impact of about 2 percentage points to both total company and Victoria’s Secret comparable sales.
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Best Buy Reports Third Quarter Results

“In the third quarter, we delivered strong top and bottom line results with 4.4% comparable sales growth and 30% EPS growth,” said Hubert Joly, Best Buy chairman and CEO. “Technology innovation is fueling demand and our strategy is resonating with our customers. We are also making significant progress against our Best Buy 2020 strategy and are excited about the opportunities for long-term value creation. And while we are investing in key initiatives and capabilities, we are also able to generate significant returns for our shareholders through the growth of our EPS and our capital allocation strategy.” Joly continued, “Our Q3 results include the negative impact of two significant factors. First, despite our moderate expectations for mobile phone launches in the quarter, revenue in the mobile category was materially lower than expected. This was due to the fact that a major new phone did not launch until November, which is in our Q4. The related revenue impact in the quarter was more than $100 million. Second, like most retailers, we felt the impact of the natural disasters in south Texas, Florida, Puerto Rico and Mexico. We estimate the loss of revenue impacted our Enterprise comparable sales by 15 to 20 basis points, and that the related costs negatively impacted our EPS by approximately $0.03.” Click Read More below for additional information.
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American Forest & Paper Association Releases October 2017 Containerboard Report

Containerboard production was up 5.1 percent compared to October 2016. The month-over-month average daily production compared to September 2017 was 3.1 percent higher. The containerboard operating rate for October increased from 95.9 percent to 101.3 percent, which was 6 percentage points higher than October of last year. Year-to-date production of containerboard for export is up 3.5 percent, with the October volume surging 16.2 percent above the same month last year.
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American Forest & Paper Association Releases October 2017 U.S. Packaging Papers & Specialty Packaging Monthly Report

Total Packaging Papers shipments were 223,400 tons, 1.6 percent lower than October 2016. Bag & Sack shipments are up 3.3 percent year-to-date, while Food Wrapping shipments are down 7.1 percent over the same period. The operating rate for October 2017 was 85.5 percent, while the year-to-date rate was 88.3 percent. Inventories were 167,800 tons, down slightly since September.
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APRIL Group Ranks Second in Pioneering Sustainability Assessment from Zoological Society of London

The Zoological Society of London (ZSL) has released the results of its Sustainability Transparency Toolkit, or SPOTT Assessment, that independently gauges the progress of 24 global timber, pulp and paper companies against a range of environmental, social and governance (ESG) indicators. APRIL ranked second of 24 companies, behind Switzerland’s Interholco A.G., with a score of 67.1%, well above the average score for the sector of 37.1%. APRIL’s highest scores were for Sustainability Policy and Leadership, and Deforestation and Biodiversity. Just three of the 24 companies received a ‘Green’ rating, awarded to companies scoring above 66%. Click Read More below for additional information.
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Barnes & Noble Announces the Return of Over a Half-Million Autographed Books from Acclaimed Authors Just in Time for Black Friday

Barnes & Noble, Inc. announced the return of its Black Friday Signed Editions program, a customer favorite, with over a half-million autographed books by more than 150 highly acclaimed authors. The largest promotion of its kind kicks off on Black Friday, November 24, at Barnes & Noble stores nationwide, while supplies last. The autographed books span many genres and interests, and were signed by authors for Barnes & Noble customers. For more information, customers should visit www.BN.com/SignedEditions or contact their local Barnes & Noble. “Barnes & Noble is thrilled to announce its largest collection ever of Black Friday Signed Editions, a true holiday favorite with customers,” said Liz Harwell, Senior Director of Merchandising, Trade Books at Barnes & Noble. “Now in its fourth year, this combined effort between over 150 bestselling authors, our publishing partners, and Barnes & Noble booksellers continues to give readers across the country an opportunity to discover a special copy of a book by their favorite author, or to find that perfect holiday gift for a loved one.” Click Read More below for additional information.
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Oil prices fall for fourth day after U.S. crude stocks rise

Oil prices fell for a fourth session on Wednesday after the U.S. government reported an unexpected increase in crude and gasoline stockpiles, but an increase in refining runs and a drawdown in distillates helped prices bounce off session lows. Prices also remained under pressure from this week's International Energy Agency (IEA) outlook for slower growth in global crude demand. While the crude build of 1.9 million barrels reported by the Energy Information Administration was more than forecast, it was not as big as the increase of 6.5 million barrels reported on Tuesday by industry group the American Petroleum Institute. The EIA data encouraged buying at session lows. Click Read More below for additional information.
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Flint Group Sheetfed Announces the Global Launch of its New In-Mould Label BIO Process Ink, Novastar® D 2000 IML BIO

Expanding its range of in-mould label products and presenting non-UV print shops the ability to compete in this growing segment, Flint Group today announces the global availability of Novastar® D 2000 IML BIO for metallised paper and non-absorbent substrates. According to Jürgen Riedlinger, Director Global Product Management, Sheetfed, “Over the last 5 to 6 years global production of in-mould labels has grown at around 4% per year, due in part to the ability of the technology to enhance the product visibility and brand identification in the market. And we believe in-mould labelling will continue to grow significantly as the manufacturing efficiencies and visual quality it brings gets wider endorsement. Currently in-mould accounts for less than 3% of all labelling, so there is plenty of room for it to grow.” Click Read More below for additional information.
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Nonstore sales growth slows significantly in October

Retail sales that occurred outside of stores increased 6.8% compared with October 2016. That's a major deceleration from September, when nonstore sales increased 9.2% year over year. New October retail sales data out this morning suggests that the fourth quarter could be off to a rocky start for e-commerce. Growth in U.S. retail sales that take place outside of stores, known as nonstore sales, decelerated in October, with sales dropping 0.3% compared with September 2017, according to the U.S. Commerce Department. Click Read More below for additional information.
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Sappi delivers robust full year and 4th quarter results

Sappi Chief Executive Officer Steve Binnie, commenting on the group’s performance, said: “Sappi has delivered another strong set of results with profits up 6% year-on-year. I am very pleased with the growth of the dissolving wood pulp (DWP) and speciality packaging businesses. Furthermore our initiatives to reduce variable costs and the benefits of lower interest charges were able to help mitigate higher paper pulp prices and a stronger Rand/Dollar exchange rate during the reporting period. “Capital expenditure in 2018 is expected to increase to US$450 million as we continue the conversions in both Europe and North America, complete the Saiccor and Ngodwana debottlenecking and start the upgrade of the Saiccor wood-yard. The increase in expansionary capital spending during 2018 is focused on higher margin growth segments including dissolving wood pulp and speciality packaging. This will position us for stronger profitability from 2019 onwards.” Click Read More below for additional information.
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Smurfit Kappa’s Performance Packaging technology sets new industry standard

Smurfit Kappa has received the highest seal of approval for its performance packaging technology from a leading European research institution. The pioneering technology, which Smurfit Kappa invented in 2001, has been endorsed by the Papiertechnische Stiftung (PTS) research and service institute in Germany setting a new industry standard. PTS assists companies with the development and use of fibre-based materials. The PTS validation means that Smurfit Kappa’s test prototcols is now published as an official Deutsches Institut für Normung (DIN) norm leading to a more scalable and credible approach for corrugated packaging users. Click Read More below for additional information.
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Stein Mart, Inc. Reports Third Quarter Fiscal 2017 Results

Third Quarter Highlights: •Comparable store sales were down 6.9 percent for the quarter and flat for October. •Diluted loss per share was $0.31 compared to $0.24 in 2016. •Average store inventories were 20 percent lower than last year's third quarter. •Borrowings were $29 million lower than last year's third quarter. Click Read More below for additional information.
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TC Media sells its weekly Courrier Laval

Transcontinental Inc.'s Media Sector, TC Media, announces the sale of its weekly Courrier Laval, as well as its related web property, to 2M Média. This company is led by Mr. Martin Olivier, President, and Mr. Martin Routhier, Vice President, who are both former TC Media managers. Fourteen employees of Courrier Laval are transferred to the acquirer, along with two employees from TC Media's Production team. Furthermore, TC Transcontinental also concluded a multi-year agreement for the printing and distribution of this publication. TC Transcontinental therefore hands over the reins to 2M Média to carry on the activities of Courrier Laval, a jewel of the weekly newspaper landscape in Québec. The Corporation would like to thank all the employees who have shown dedication and professionalism over the years and wishes them the very best for the future at 2M Média. Click Read More below for additional information.
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The Bon-Ton Stores, Inc. Reports Third Quarter Fiscal 2017 Results

Results for the Third Quarter Ended October 28, 2017: •Comparable store sales decreased 6.6% as compared with the prior year period. •Selling, general and administrative ("SG&A") expense decreased $11.2 million, or 5.2%, as compared with the third quarter of fiscal 2016. •Net loss in the current year third quarter was $44.9 million, or $2.19 per share, compared with net loss of $31.6 million, or $1.58 per share, in the third quarter of fiscal 2016. Click Read More below for additional information.
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New Jersey Printers Save Money, Time and Labor and See Growth with the Xerox iGen 5 Press

Paul Ramirez, president of Barrington Press in Paramus, New Jersey had a problem – his offset presses were offline as much as three hours a shift. The downtime, set-up and overtime costs made it difficult to keep jobs profitable. Knowing that delivering high quality printing with quick turnaround was critical to grow his business, Ramirez looked to Xerox for a solution and the answer was to go digital with the Xerox iGen® 5 Press. “If someone would have told me how much money I’d be saving each month using the Xerox iGen 5 Press, I wouldn’t have believed it,” says Ramirez. ”When we combined the excessive paper waste, overtime wages and offset press supplies, the numbers were staggering.” With its market leading uptime, substrate versatility and job automation features, the iGen 5 created a fundamental turnaround at Barrington Press. The figures tell the story. In the year Barrington Press has owned its iGen 5, the company has saved $10,000-$15,000 per month and has created new opportunities for growth. Click Read More below for additional information.
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Letter volume woes continue for Royal Mail

In its half-year results to 24 September 2017, the group posted a slight sales increase of 2% to £4.83bn, while operating profit both before and after transformation costs were down sharply, from £206m to £89m and £148m to £26m respectively. Royal Mail put this down largely to an increase in its ongoing UK defined benefit pension service costs of £114m. Pre-tax profit fell 30%, from £110m to £77m, but post-tax profit almost doubled to £168m - largely due to a tax credit related to the closure of its pension scheme to future accruals. Net debt was down 15.5%, from £452m to £382m. The group expects its net cash investment to fall to £450m for the full-year, down from £590m per annum for the past three years. Chief executive Moya Greene described the first half as successful despite the “headwinds we are facing”. Click Read More below for additional information.
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Appvion sorts out job loss details in Appleton

Appvion and United Steelworkers Union representatives met Wednesday to begin discussing details of the paper company’s consolidation plan that will eliminate 200 jobs in Appleton. That number represents about one-quarter of Appvion’s local 800-employee workforce, and is part of a larger trend that worries paper industry watchers. Appvion's layoffs were first announced in a Nov. 9 story. It followed the company's filing for Chapter 11 bankruptcy protection in October. “The first layoffs will occur in January and would continue as we transition most of our carbonless coating and converting operations to the Roaring Spring Mill (in Pennsylvania) during 2018," said spokesman Bill Van Den Brandt. "We project that we will complete the transition process in third quarter 2018.” Click Read More below for additional information.
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Monadnock Paper Mills Announces Price Increase for East/Central Territory Effective 12/11/17

Please be advised that Monadnock Paper Mills, Inc. is raising list prices effective December 11, 2017. Pricing on orders placed prior to today’s date will not change regardless of ship date. Orders placed after today’s date and shipped prior to December 11, 2017 will receive today’s price. All existing contract pricing will be reviewed within the terms of the contract. The price increase will be $3/cwt on our text and cover grades as well as Envi PC80 Folding Box Board.
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Sappi North America Invests $5.94 Million in Cloquet, Minn. Mill

Sappi North America, a leading producer and supplier of diversified paper and packaging products, today announced a $5.94 million capital investment in its Cloquet, Minn. mill to replace the headbox on Paper Machine 12 (PM12). This investment enabled Sappi to maintain its capacity by adding a state-of-the-art, dilution profiled headbox that produces excellent basis weight profiles. A headbox is an integral part of the paper machine responsible for spreading the pulp fibers evenly to form the sheet. "This investment shows Sappi's unwavering commitment to its graphic papers and packaging customers," said Mark Gardner, President and CEO, Sappi North America. "The new headbox will ensure that we're fulfilling orders to the highest quality standards that Sappi's customers have come to expect. This project will not only improve upon our longstanding history with the graphic papers market, but also support our growing paper-based packaging business." Click Read More below for additional information.
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Target Reports Third Quarter 2017 Earnings

Comparable sales and EPS near the high end of expectations. Third quarter comparable traffic grew 1.4 percent. Comparable sales increased 0.9 percent. Third quarter GAAP EPS from continuing operations of $0.87 and Adjusted EPS1 of $0.91 were near the upper-end of the guidance range of $0.75 to $0.95. Comparable digital channel sales increased 24 percent, on top of 26 percent growth in third quarter 2016. In the third quarter, Target devoted $847 million to capital investment, paid dividends of $339 million, and returned $171 million through share repurchases. Click Read More below for additional information.
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Oil Extends Drop to Near $55 on Signs U.S. Crude Stockpiles Rose

Futures lost as much as 1.3 percent in New York after falling 1.9 percent on Tuesday. U.S. inventories rose by 6.51 million barrels last week, the American Petroleum Institute was said to report. That would be the biggest gain since March if confirmed in government data on Wednesday. “The API data showed an inventory build, in contrast to expectations of a draw, which is weighing on the market,” said Giovanni Staunovo, a commodity analyst at UBS Group AG. “The Russian news doesn’t help either.” Gasoline inventories rose by 2.4 million barrels last week, the API said Tuesday, according to people familiar with the data. While the institute also reported a gain in crude stockpiles, a Bloomberg survey showed they may have shrunk by 2.4 million barrels. The U.S. Energy Information Administration will release the data at 10:30 a.m. New York time on Wednesday. Click Read More below for additional information.
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Quality Books Files for Bankruptcy

Quality Books, the Oregon, Ill., book distributor to schools and libraries, has filed for bankruptcy. In a letter sent to creditors last week, the company said that during the past few years it has "incurred substantial debt which it is unable to repay." After several meetings, the letter continued, the owners "found that they could no longer meet their obligations" and decided to liquidate the company's assets. Click Read More below for additional information.
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Success for Flint Group’s XCURA EVO LED-UV ink series at IPEX

By offering a combination of trusted brands, consistent products and OEM partnerships combined with ‘Best in Class’ manufacturing, Flint Group was well positioned at IPEX to help printers extend their printing capability in respect to new substrates and targeting new market sectors. The XCURA EVO ink series featured heavily during the show. This ink series has been designed to help printers achieve maximum performance from new LED-UV presses and presses that have been retrofitted with a LED-UV curing system. Following on from IPEX Flint Group is pleased to announce that Fontain, a London based commercial printer, has agreed to Flint Group being the sole supplier of LED-UV ink for its brand new RMGT Ryobi 928P. This four-over-four perfecting press with LED-UV drying was also running live print jobs at IPEX. Click Read More below for additional information.
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Mayr-Melnhof Group Announces Results for the First Three Quarters of 2017

The Group’s consolidated sales totaled EUR 1,749.1 million and were thus 2.1 %, or EUR 35.3 million above the previous year’s value (1-3Q 2016: EUR 1,713.8 million). Both divisions contributed to the slight increase. With EUR 158.9 million, operating profit reached the previous year’s level (1-3Q 2016: EUR 160.2 million). The Group’s operating margin thus remained stable at 9.1 % (1-3Q 2016: 9.3 %). At EUR 113.3 million, the profit for the period almost reached the previous year’s figure (1-3Q 2016: EUR 115.5 million). Click Read More below for additional information.
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Tembec Announces Preliminary Results of Consideration Elections in Connection with Transaction

Pursuant to the terms of the Transaction, Tembec shareholders had the right to elect to receive either C$4.75 in cash or 0.2542 shares of Rayonier AM common stock per Tembec Share, subject to proration so that approximately 67% of the aggregate consideration is paid in cash and approximately 33% is paid in Rayonier AM common stock. The results of the elections received prior to the election deadline of 5:00 p.m. (Eastern time) on November 9, 2017 are as follows: •Shareholders representing 1,644,879 Tembec Shares elected to receive the Per Share Cash Amount; •Shareholders representing 67,878,518 Tembec Shares elected to receive the Per Share Stock Consideration; and •Shareholders representing 30,476,603 Tembec Shares did not make an election. Since the aggregate number of Tembec Shares in respect of which registered Tembec shareholders have elected to receive the Per Share Cash Amount is less than the Cash Consideration Number (as defined in the plan of arrangement attached to the amending agreement dated as of July 23, 2017 by and between Rayonier AM and Tembec), holders of Tembec Shares who elected to receive the Per Share Stock Consideration will be subject to proration in the manner described in Tembec's management information circular dated June 13, 2017 (the "Circular"). Click Read More below for additional information.
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RBW Graphics Invests in M-3000 Upgrades to Ensure Longevity

TC Transcontinental – RBW Graphics recently completed a suite of upgrades to a Goss M-3000 press installed at their RBW Graphics Facility in Owen Sound, ON. The project consisted of a drives and controls system upgrade, an Omni Make-Ready bundle and ink fountain rebuilds. The drives and controls upgrade involved replacing existing consoles with new OmniconTM and OmnicolorTM consoles, new Siemens PLC CPU hardware, controllers and drives. Goss technicians rebuilt the ink fountains on eight existing units and added new four and 16 channel driver boards, embedded controller boards, ink fountain balls, and single piece ink keys. Additionally, the Omni Make Ready package, a combination of hardware and software functions designed to reduce waste, helps TC Transcontinental – RBW Graphics to achieve its commitment to environmental responsibility. These upgrades ensure the long life of the Goss M-3000 while increasing productivity, improving waste reduction and reducing unscheduled press downtime. Click Read More below for additional information.
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Verso Corporation Reports Third Quarter 2017 Financial Results

Comparison of Three Months Ended September 30, 2017 to Three Months Ended September 30, 2016: • Net sales for the third quarter of 2017 decreased by $54 million compared to the third quarter of 2016. The sales decline was primarily attributable to a decrease in total sales volume due to the general softening of demand for coated papers and our capacity reductions at our Androscoggin Mill, partially offset by a 1% increase in price. • Gross margin, excluding depreciation, amortization, and depletion expenses, increased from 4.9% of net sales in the third quarter of 2016 to 11.1% in the third quarter of 2017. Gross margin in the third quarter of 2016 was negatively impacted by work-in-process and inventory fair value adjustments associated with fresh-start accounting of $41 million. Without these fresh-start accounting adjustments, gross margin percentage would have been relatively flat quarter over quarter. Click Read More below for additional information.
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Arctic Paper Group After 3rd Quarter of 2017: Results Influenced by Further Increase in Pulp Prices

In the 3rd quarter of 2017 the Arctic Paper Group generated sales revenue of nearly PLN 735.9m. EBITDA was PLN 70.8m and operating profit PLN 38.5m. The Group’s net profit on continuing operations in Q3 2017 was PLN 25.6m. The weaker results of Arctic Paper in the 3rd quarter were due primarily to the effect of a further increase in pulp prices which has not been fully offset yet by higher paper prices. The result was also affected by the planned stoppage at the Arctic Paper Kostrzyn plant for 12 days in July of this year, connected with an investment to increase the production efficiency at that plant. Per Skoglund, CEO of Arctic Paper, commented: “The decline in profit is mainly due to continued high pulp prices, which we will not be able to fully compensate for by price increases during 2017. On top of that, a planned investment stoppage in Arctic Paper Kostrzyn affected sales and profit during the period. The investment in increased production efficiency will have a future positive impact and strengthen our ability to serve our customers in a competitive way.” Click Read More below for additional information.
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The Home Depot Announces Third Quarter Results

The Home Depot® reported sales of $25.0 billion for the third quarter of fiscal 2017, an 8.1 percent increase from the third quarter of fiscal 2016. Comparable store sales for the third quarter of fiscal 2017 were positive 7.9 percent, and comp sales for U.S. stores were positive 7.7 percent. Net earnings for the third quarter of fiscal 2017 were $2.2 billion, or $1.84 per diluted share, compared with net earnings of $2.0 billion, or $1.60 per diluted share, in the same period of fiscal 2016. For the third quarter of fiscal 2017, diluted earnings per share increased 15.0 percent from the same period in the prior year. Click Read More below for additional information.
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Saudi Retreat From U.S. Oil Market Cuts Exports to 30-Year Low

For a generation, the huge, whitewashed storage tanks at America’s largest oil refinery in Port Arthur, Texas, have stored almost nothing but Saudi crude. The plant is owned by Saudi Arabia’s state-run oil company, Aramco, and since it first bought a stake in 1988, the Motiva refinery guaranteed the kingdom a strategic foothold in the world’s largest energy market. The tankers carrying millions of barrels a month of Arab Light crude from Saudi export terminals to Port Arthur were testament to the strength of the energy and political ties binding Riyadh and Washington. All of a sudden, there are very few Saudi ships arriving in Texas. Since July, Aramco has constricted supply, attempting to drain the crude storage tanks at Motiva -- and many others across America -- part of a plan to lift oil prices, even at the cost of sacrificing its once prized U.S. market. Click Read More below for additional information.
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Intertape Polymer Group Reports 2017 Third Quarter Results

Third Quarter 2017 Highlights (as compared to third quarter 2016): • Revenue increased 17.9% to $243.4 million primarily due to additional revenue from the Cantech and Powerband Acquisitions(1), an increase in average selling price, including the impact of product mix, and an increase in sales volume from certain tape products. • Gross margin decreased to 20.9% from 21.7% primarily due to the dilutive impact of the Cantech Acquisition resulting mainly from non-cash purchase price accounting adjustments and certain manufacturing production inefficiencies occurring mainly in older facilities. • Selling, general and administrative expenses ("SG&A") decreased 31.3% to $18.8 million primarily due to a decrease in share-based compensation driven primarily by the decrease in fair value of cash-settled awards. Click Read More below for additional information.
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PEFC’s COP23 contribution focused on practical approaches to support smallholders

“Building viable models of group certification is critical for expanding sustainable forest management and forest certification, especially in the developing world,” said Sarah Price, Head of Projects and Development at PEFC International. “Forests are key to mitigating climate change and possess immense potential for the achievement of the Sustainable Development Goals." "With 30% of the world’s forest area managed locally by families, communities and indigenous peoples, we need to encourage and support local people to manage their forests sustainably,” Sarah continued. Towards this goal, PEFC and Finnish Agri-Agency for Food and Forest Development (FFD) recently convened a field dialogue on group certification in Iisalmi, Finland. The event brought together 25 representatives from 10 countries, to learn about Finland’s long history of small private forest owners, well-established associations, sustainable forest management practices and PEFC certification through group certification. Click Read More below for additional information.
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Ricoh Commercial & Industrial Printing Business Group Invests Across Platform

The Ricoh Commercial & Industrial Printing Business Group (CIPG), established in April, is keenly focused on getting the word out about its commitment to the production printing market. That was the key takeaway for a group of industry press and analysts who recently toured its Customer Experience Center (CEC) that is home to an array of continuous-feed inkjet, toner-based sheetfed and wide-format printers, along with several product development and testing labs, inside its Executive Briefing Center in Boulder, Colo. Ricoh defines industrial as wide-format digital printing and printing done as a part of the manufacturing process to produce finished goods such as garments, textiles, metals and architectural components. And the group’s ambitious goal isn’t merely lip service. According to Dollard, CIPG has nearly doubled its production inkjet printing direct salesforce since April; has created a Production Dealer Advisory Council to build stronger ties with its dealer network for toner-based sheetfed production and wide-format inkjet printer sales; is expanding its service and consulting business; and is fully committed to assuming a leadership role in industry advocacy, education and market advancement. Click Read More below for additional information.
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Rottneros invests another 117 SEKm within the framework of Agenda 500

As a next step in the capacity development of Rottneros Mill, Rottneros’ Board has granted further investments in the CTMP line. The investment, CTMP Step 2, increases capacity by approximately 18,000 tonnes per year and is expected to be operational in the fall of 2018. The investment follows the strategic development plan Agenda 500, where a first capacity-enhancing investment in the CTMP line was made in 2016. Within Agenda 500, Rottneros Mill has put into operation a bio mass boiler in the third quarter of 2017 that replaces an oil-based boiler and made the mill practically fossil-free. The expansion of the purification plant is an ongoing investment that is expected to be put into operation in 2018. The Rottneros Mill has a strong position as a supplier of high yield pulp. With increased capacity, we ensure that Rottneros can be a reliable supplier of CTMP and an attractive partner for our customers, says Lennart Eberleh, President and CEO of Rottneros AB. Click Read More below for additional information.
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U.S. Postal Service Reports Fiscal Year 2017 Results

The U.S. Postal Service reported revenue of $69.6 billion for fiscal year 2017 (October 1, 2016 - September 30, 2017), a decrease of $1.8 billion compared to the prior year. The lower revenues were driven largely by accelerated declines in First-Class and Marketing Mail volumes. In 2017, mail volumes declined by approximately 5.0 billion pieces, or 3.6 percent, while package volumes grew by 589 million pieces, or 11.4 percent, continuing a multi-year trend of declining mail volumes and increasing package volume. While mail volume declines for the year were somewhat offset by growth in package volume, overall volume has declined by 4.9 billion pieces. The U.S. Postal Service reported revenue of $69.6 billion for fiscal year 2017 (October 1, 2016 - September 30, 2017), a decrease of $1.8 billion compared to the prior year. The lower revenues were driven largely by accelerated declines in First-Class and Marketing Mail volumes. In 2017, mail volumes declined by approximately 5.0 billion pieces, or 3.6 percent, while package volumes grew by 589 million pieces, or 11.4 percent, continuing a multi-year trend of declining mail volumes and increasing package volume. While mail volume declines for the year were somewhat offset by growth in package volume, overall volume has declined by 4.9 billion pieces. Click Read More below for additional information.
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UPM Raflatac expands Lite range of ecodesigned labeling solutions with new PP Clear FTC Lite film

UPM Raflatac has expanded its PP Lite range of labeling solutions for the European market with the introduction of a new clear film, PP Clear FTC Lite. The face materials, adhesives, and backing used in the PP Lite range offer brands new ways to achieve their sustainability objectives. PP Lite label materials offer brand owners the opportunity to differentiate themselves from the competition by becoming a leader in sustainable product labeling while boosting productivity across the value chain at the same time. By combining a lighter face material, a lower coat-weight adhesive, and a lighter backing, products in the PP Lite range optimize raw material use and reduce greenhouse gas emissions, energy and water consumption, and waste. Click Read More below for additional information.
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Huhtamaki invests in a new manufacturing facility in Hämeenlinna, Finland

Huhtamaki is investing app. EUR 11 million to have a new manufacturing facility built in Hämeenlinna, Finland. Manufacturing operations will be transferred from the current facility that has been built in the 60's to a new, modern facility. Construction work is planned to begin during spring 2018 and the new facility is expected to begin operations in spring 2019. The majority of the investment takes place during 2018. As part of the investment the Hämeenlinna unit's machine base will also be partially renewed and automation will be increased. Competitiveness will also be improved by designing the new facility according to Lean manufacturing principles and improving the flow of goods and minimizing unnecessary traffic within production. The modernization of the manufacturing facility will also improve workplace safety and ergonomics. Click Read More below for additional information.
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Gannett | USA TODAY NETWORK Realigns Organization to Strengthen Focus on Marketing Solutions and Consumer Businesses

Gannett | USA TODAY NETWORK announced a major organizational change that more definitively aligns with the company’s refreshed business strategy, which focuses on two primary businesses: Marketing Solutions and Consumer. “These organizational changes will better position us to further enhance and expand our marketing solutions capabilities fueled by our audience growth and engagement. I am confident this new structure will open up opportunities, enable us to innovate more quickly and support long-term growth,” said Bob Dickey, president and CEO of Gannett. Two executives have been named to lead the company’s two primary businesses: Leading marketing solutions will be Sharon Rowlands, CEO of ReachLocal, who has been named president, USA TODAY NETWORK Marketing Solutions. Rowlands will focus on further strengthening and growing our business-to-business segment, leveraging not only ReachLocal and SweetIQ, but also USA TODAY NETWORK’s powerful media assets and national and local brands. Leading the consumer business will be Maribel Perez Wadsworth, current chief transformation officer, who has been named president, USA TODAY NETWORK. Wadsworth will lead USA TODAY NETWORK’s consumer business to include strategy and operations for the company’s award-winning portfolio of media brands such as USA TODAY, more than 100 local news and niche content brands such as For The Win (FTW) and Grateful. In addition, she will become associate publisher of USA TODAY, as part of the transition associated with John Zidich’s previously announced retirement as president of Domestic Publishing. Click Read More below for additional information.
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Oil Trades Near $57 as Saudis Boost Security at Crude Facilities

Futures were little changed in New York after falling 0.8 percent Friday. Prices still capped a fifth weekly gain last week, the longest run since October 2016. The plan to boost security was reported by Al-Arabiya television on Saturday, citing the energy ministry of Saudi Arabia, the world’s top crude exporter. The pipeline resumed pumping later in the day after a brief halt. Oil has climbed about 20 percent since the start of September as global supplies tighten and speculation mounts that the Organization of Petroleum Exporting Countries will extend output curbs past the end of March. In the U.S., drillers last week increased the rig count by the most since June, according to Baker Hughes. “Political developments in Saudi Arabia sent bullish ripples across the energy complex,” said Stephen Brennock, an analyst at PVM Oil Associates Ltd. in London. Click Read More below for additional information.
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Walmart on way to a hiring milestone

Walmart has kept good on a pledge it made back in 2013 to hire thousands of veterans. Since Memorial Day 2013, Walmart has hired more than 188,000 veterans and promoted more than 26,000 to roles of greater responsibility. The company is well on its way to reach its hiring goal of 250,000 veterans by 2020. On Friday, Walmart announced it is launching a curated showcase where customers can shop to salute the nation’s military, veterans and their families. Click Read More below for additional information.
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Nordstrom Reports Third Quarter 2017 Earnings

• Third quarter net earnings were $114 million and earnings before interest and taxes ("EBIT") were $208 million, or 5.9 percent of net sales, compared with net loss of $10 million and EBIT of $55 million, or 1.6 percent of net sales, during the same period in fiscal 2016. ? Retail EBIT increased $137 million compared with the same quarter last year, primarily reflecting a goodwill impairment charge of $197 million in 2016. * Credit EBIT increased $16 million through the strategic partnership with TD Bank, primarily due to credit card revenues growth of 25 percent. • Total Company net sales of $3.5 billion for the third quarter increased 2.0 percent compared with the same period in fiscal 2016. Total Company comparable sales for the third quarter decreased 0.9 percent compared with the same quarter last year. ? In the Nordstrom brand, including U.S. and Canada full-line stores and Nordstrom.com, net sales when combined with Trunk Club, decreased 1.2 percent and comparable sales decreased 1.9 percent. The top-ranking merchandise categories were Men's Apparel and Kids' Apparel. The West was the top-ranking U.S. geographic region. Click Read More below for additional information.
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JCPenney Reports a 1.7% Increase in Comparable Sales for the Third Quarter 2017

J. C. Penney Company, Inc. announced financial results for its fiscal third quarter ended Oct. 28, 2017. Total net sales decreased (1.8) % to $2.81 billion in the third quarter compared to $2.86 billion in the same period last year, primarily the result of the 139 stores closed this year through the end of the third quarter. Comparable sales increased 1.7 % for the third quarter, resulting in a positive two-year stack of 0.9 %. For the third quarter, the Company's net loss was ($128) million, or ($0.41) per share, compared to a net loss of ($67) million, or ($0.22) per share in the same period last year. This reduction was driven in large part by increased cost of goods sold, restructuring charges associated with the store closures and a charge related to settlement accounting on the Company's pension plan. Click Read More below for additional information.
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Appvion to Consolidate Carbonless Paper Manufacturing Operations

Appvion, Inc. announced plans to consolidate the majority of the carbonless paper coating and rewinding operations currently performed at its plant in Appleton, Wisconsin, to its integrated pulp and paper mill in Roaring Spring, Pennsylvania, and relocate the Appleton Plant’s sheeting operations to an Appvion-operated facility near the mill. The company expects the transition will begin in January and be completed in the third quarter of 2018. Consolidating Appvion’s carbonless paper manufacturing, rewinding, and sheeting to the Roaring Spring area, where Appvion already produces this product, will help position the company for long-term success by increasing the efficiencies of its manufacturing and logistics operations. The consolidation plan will result in the shutdown of three under-utilized coaters and related rewinding and sheeting equipment at the Appleton Plant and the elimination of approximately 200 hourly and salaried jobs at that facility. Approximately 300 hourly and salaried plant employees will be retained at the Appleton Plant to continue producing the company’s thermal paper products and some carbonless and specialty coated grades. Employment at Roaring Spring Mill and at Appvion’s thermal paper coating plant in West Carrollton, Ohio, will be unaffected by the plan. Click Read More below for additional information.
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Oil Set for Best Weekly Run in Year as Saudi Tumult Roils Market

Oil is heading for the longest run of weekly gains since October 2016 as global supplies tighten and on signs the Organization of Petroleum Exporting Countries will extend output curbs past the end of March. Saudi Arabia on Thursday advised its nationals to leave Lebanon, fueling fears of a confrontation with Iran in a country long known for being a battleground for proxy wars in the Middle East. “Geopolitical risks have taken center stage in the oil market again,” said Jens Naervig Pedersen, senior analyst at Danske Bank A/S in Copenhagen. “The rising tensions between Saudi Arabia and Iran have raised concerns in the oil market of an imminent supply disruption.” Saudi Arabia said it plans to cut crude exports to all the regions it ships to next month. Shipments will fall by 120,000 barrels a day in December from November, a spokesman for the Energy Ministry said, without specifying what those levels would be. Bloomberg calculations from vessel-tracking data estimated flows in October at 6.989 million a day. Click Read More below for additional information.
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John Conley on How Amazon Same-Day Delivery SLAs Will Disrupt Book Printing

Borderland Advisors CEO John Conley, a 42-year book printing industry veteran with RR Donnelley and then Xerox, describes how Amazon's same-day delivery requirements will totally disrupt today's book publishing, manufacturing, and distribution markets. The supply chain requirement will create new profit models and opportunities for innovative publishers and printers, while displacing those companies that are unable to evolve to the new industry paradigm. To view the video clip go to: http://www.bookbusinessmag.com/article/john-conley-amazon-day-delivery-slas-will-disrupt-book-printing/
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Fortress Paper Reports Third Quarter 2017 Results

Fortress Paper Ltd. reported 2017 third quarter operating EBITDA of $0.2 million, a decrease of $7.4 million relative to the comparative prior year period and a decrease of $4.1 million over the previous quarter. The Security Paper Products Segment generated operating EBITDA of $1.8 million, the Dissolving Pulp Segment generated operating EBITDA loss of $0.5 million, and corporate costs were $1.1 million in the third quarter of 2017. Click Read More below for additional information.
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Mondi and Litobal: growing business together

Mondi, the global packaging and paper Group, and the Czech packaging producer Litobal have been business partners since 2001, when the privately owned packaging company was taking its first steps in the bread bag business. It joined forces with Mondi Speciality Kraft Paper, putting its trust in the paper specialist’s white machine glazed papers. The two companies then started to grow their business together in various paper-based packaging fields, which enabled them to pass another milestone in 2010. At the time, Litobal had recently entered the paper shopping bag market, which had long been an ambition of its founder Zdenek Stojánek. In order to position itself as a reliable and high-quality supplier in the Czech and European shopping bag markets, Litobal turned once again to the Mondi Speciality Kraft Paper team and their high-quality paper grades. Litobal ´s owner Zdenek Stojánek comments, “We chose Mondi as the main paper supplier for our bread bag and shopping bag production because of its know-how and the high quality and comprehensive range of its speciality kraft papers – all available from a single source. Click Read More below for additional information.
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News Corp Reports First Quarter Results for Fiscal 2018

The Company reported fiscal 2018 first quarter total revenues of $2.06 billion, a 5% increase compared to $1.97 billion in the prior year period, reflecting continued growth in the Digital Real Estate Services segment, the acquisitions of Australian Regional Media (“ARM”) and Wireless Group plc (“Wireless Group”) and a $26 million positive impact from foreign currency fluctuations. Growth was partially offset by lower print advertising revenues at the News and Information Services segment. Adjusted Revenues (which exclude the foreign currency impact, acquisitions and divestitures as defined in Note 1) increased 1%. Net income for the quarter was $87 million as compared to nil in the prior year. The increase was primarily driven by higher Total Segment EBITDA, as discussed below, and lower depreciation and amortization expense, partially offset by higher income tax expense associated with higher pre-tax income. Click Read More below for additional information.
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Labels promote sustainable forest management, consumers agree

As politicians and activists gather for the COP23 Bonn climate talks, people are wondering what they can do to help avert the climate catastrophe. One simple action is to look out for the PEFC label on everyday products, something that 53% of all consumers already do at least sometimes, according to a recent YouGov survey. "Forests and trees are a cornerstone of addressing climate change, as are products made of wood - if they originate from sustainably managed forests," explains Ben Gunneberg, CEO of PEFC International. "Consumers can easily identify such products through the PEFC label, which is exclusively available for products coming from certified, healthy forests." Click Read More below for additional information.
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PRC Issues Order Approving Rate Increases for Market Dominant Products

Today the Postal Regulatory Commission approved the Postal Service’s planned price adjustments for First-Class Mail, USPS Marketing Mail, Periodicals, Package Services, and Special Services products. The Commission determined that the rates and related mail classification changes proposed by the Postal Service are consistent with 39 U.S.C. §§ 3622(d) and 3622(e), and may take effect as planned. The new prices, scheduled to take effect January 21, 2018, include a one-cent price increase for the Forever stamp from 49 cents to 50 cents. Postcards and metered letters will also increase by one cent from 34 cents to 35 cents and from 46 cents to 47 cents respectively. A complete listing of approved pricing and classification changes may be found on the Commission’s website, www.prc.gov in Docket No. R2018-1, Order No. 4215
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Q3 Sales Dip at HBG

Revenue at Hachette Book Group USA fell 2.8% in the third quarter ended September 30, compared to the same period in 2016. Parent company Lagardere attributed decline to unfavorable comparisons with last year’s third quarter. Lagardere said that last year HBG benefited from strong sales of new releases like Two by Two and Woman of God. Lagardere added that the Perseus publishing properties, which were acquired in March 2016, had a solid quarter. In a statement, HBG CEO Michael Piestsch said despite the sales dip in the third quarter, the company’s revenues through the first nine months of 2017 were “solidly ahead of 2016.” He cited growth in downloadable audio sales and a strong performance from the company's distribution side as high notes. Click Read More below for additional information.
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Smurfit Kappa has announced the opening of a new Experience Centre for Bag-in-Box in Épernay, France

The new Experience Centre provides a place for customers to get hands-on experience of the spectrum of capabilities offered by Bag-in-Box® solutions. State-of-the-art technology and interactive displays designed to showcase the films, taps and boxes are backed up by a wealth of information and technical expertise. Visitors are also given the opportunity to test the products in the laboratory and see how they can benefit their business. The Experience Centre opened last month as part of this year’s celebration of 40 years of the Bag-in-Box division. Dominique Gessat, General Manager of Smurfit Kappa Bag-in-Box Epernay comments: “Customers coming to the Experience Centre can evaluate all the processes of production and see with their own eyes the quality standards that Smurfit Kappa Bag-in-Box has adopted over the years. Click Read More below for additional information.
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WestRock completes $8 million project

“The printer we purchased this summer is probably the most advanced printer in North America. Management was at a trade show and the company was giving a demonstration. They bought it and we’ve been in the process of installing it this summer,” Luyet said. A team went to Germany where the machine is manufactured to be trained. Then several of the staff from Germany came to Harrison for the installation process. “We expanded our warehouse by 38,000 feet, and we have rented the former Emerson facility and added an additional 30,000 feet there,” Luyet said. The WestRock plant of Harrison has two printers, four cutters and six gluing machines — about $20 million of equipment. The Harrison team ships products to all 50 states as well as to Canada and Mexico. Click Read More below for additional information.
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FirstChop Flips the Script on Sous-Vide Meal Delivery

We are firmly in the second wave of prepared meal kit delivery. Companies are specializing, doing more of the work for you, and are even built around specific devices. Which is what makes FirstChop intriguing, as it combines all of these new wave trends in its forthcoming service. Launching in December, FirstChop is looking to stand out in the competitive meal shipping space in few ways. First, it only does meal proteins: chicken, beef, lamb, etc.; no vegetables, no starches. Second, all those proteins are cooked, and then frozen and vacuum sealed, so you can eat them on your own schedule. And third, the Bay Area-based company is basically giving away a sous-vide wand so all customers have to do is put the frozen bag of meat in hot water to prepare it. For $109 (during pre-order, then it goes up to $139), customers can order the Starter Kit, which includes a sous vide wand and 9 servings of protein. There’s also the Family Box for $119 ($129 post pre-order), for 24 servings, and Co-Founder and CEO Ajay Narain told me that a third option with 14 servings will sell for $79. There is no monthly commitment. Click Read More below for additional information.
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Cenveo Awarded 2020 U.S. Census Printing and Mailing Contract

Cenveo, Inc. has been awarded the 2020 Census Printing and Mailing Contract from the U.S. Census Bureau. The two-year $61 million contract is one of the largest contracts for printing and mailing ever awarded by the U.S. Government Publishing Office. "Cenveo's award of the 2020 U.S. Census is a reflection of our core capabilities and expertise, manufacturing and fulfillment," said Robert G. Burton, Sr., Cenveo's Chairman and Chief Executive Officer. "We are well-positioned to execute and manage all aspects of this program successfully and with the level of quality and security expected. We are honored to be a part of this program that will achieve a lasting impact to the future of our country." The contract will involve the manufacturing and fulfillment of 1.6 billion pieces, including letters, envelopes, inserts, questionnaires and postcards. The majority of the work will be performed at Cenveo's printing and binding facilities located in Southern California (Los Angeles) locations and other work performed across the United States. Click Read More below for additional information.
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Neenah Paper Announces Corporate Name Change to Neenah, Inc. Effective January 1

Neenah Paper, Inc. announced that the Company will change its name to Neenah, Inc. effective on January 1, 2018. The Company's ticker symbol on the New York Stock Exchange will remain "NP" and names of subsidiaries will not be affected. "As we've continued to successfully execute our strategy to increase our presence in growing and profitable specialty niche markets, the last name of "paper" does not sufficiently reflect the diversity of our current and future company," said John O'Donnell, Chief Executive Officer. "The Neenah name, however, will continue to represent a product portfolio known for high performance and premium quality, as well as a company appreciated for its disciplined capital allocation and commitment to providing attractive returns to investors."
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Cenveo Reports Third Quarter 2017 Results

Net sales in the third quarter of 2017 were $329.5 million compared to $382.7 million in the same period last year, a decline of 13.9%. The Company generated net sales of $1.01 billion for the nine months ended September 30, 2017, compared to $1.16 billion for the same period last year, a decline of 13.1%. The sales decline for both the three and nine month periods was primarily driven by: (i) lower sales in the envelope segment, primarily due to lower direct mail demand primarily from our financial institution customers and lower demand in our wholesale and generic transactional envelope product lines primarily due to marketplace trends; (ii) lower sales volumes in the commercial print group and the publisher services group, primarily driven by lower customer demand and continued pricing pressures; and (iii) lower sales in the label segment, primarily due to the decision to exit our coating operation which was completed in the second quarter of 2016, and lower sales driven by customer demand and product mix changes. Operating loss was $0.5 million for the three months ended September 30, 2017, compared to operating income of $20.2 million in the same period last year. Operating income was $22.6 million for the nine months ended September 30, 2017, compared to operating income of $51.9 million for the same period last year, a decline of 56.5%. The decline during the three months ended September 30, 2017 was primarily due to lower gross profit resulting from lower sales volumes and intangible asset impairments of $7.7 million driven by our current and expected future operating results for certain product lines. The declines in the nine months ended September 30, 2017 were primarily due to lower gross profit resulting from lower sales volumes, the impact of the decision to exit the coating operation, intangible asset impairments of $7.7 million driven by our current and expected future operating results for certain product lines, and higher restructuring and other charges resulting from the 2017 Profitability Improvement Plan. Click Read More below for additional information.
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