NORPAC Announces Price Increase for Newsprint grades
Please be advised we plan to increase the price of our 30# (48.8 gsm.) standard newsprint by $30.00 per metric ton effective October 1, 2017. Prices for other newsprint basis weights will increase proportionally as per past practices.
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Kimberly-Clark Announces Second Quarter 2017 Results
Executive Summary
◦Second quarter 2017 net sales of $4.6 billion decreased 1 percent compared to the year-ago period, as organic sales were down 1 percent. Organic sales fell 2 percent in North American consumer products, reflecting category softness, less promotion shipments and competitive activity. Outside North America, organic sales declined 3 percent in developed markets and rose 2 percent in developing and emerging markets.
◦Diluted net income per share for the second quarter was $1.49 in 2017 and $1.56 in 2016. Results were impacted by lower sales and input cost inflation, while the comparison benefited from cost savings. Second quarter adjusted earnings per share were $1.53 in 2016, which excludes items described later in this release.
◦Full-year 2017 net sales and organic sales are expected to be similar, or up slightly, year-on-year. The company's previous estimate was for sales and organic sales to be up 1 to 2 percent.
◦The company anticipates full-year 2017 earnings per share will be at the low end of its target range of $6.20 to $6.35. Click Read More below for additional details.
Port Hawkesbury Paper celebrating five years of staying open
Five years ago this week, many in the Strait of Canso area breathed a collective sigh of relief when its largest single employer restarted production after a yearlong shutdown. The reopening of what is now Port Hawkesbury Paper came after a year of legal wrangling and negotiations with the various groups that have a stake in the future of the mill, formerly NewPage Port Hawkesbury, which had shut down when its parent company filed for bankruptcy protection in the United States. It’s a very different company than when it shut down in September 2011. Only one of the mill’s two paper machines — the newer supercalendered machine that produces paper for the magazine and catalogue market — went back into production, cutting the number of employees by about half to around 300. Click Read More below for more of the story.