RRD Finalizes Acquisition of Digital & Print Marketing Businesses from Vericast

"The results for this quarter continue to demonstrate the positive impact of the implementation of our program aimed at improving our profitability and our financial position announced in December 2023," said Thomas Morin, President and Chief Executive Officer of TC Transcontinental. "The Packaging Sector faced weaker demand in its Latin America operations and in the medical market. However, the initiatives put in place to reduce our costs as well as growth in our cheese and dairy products packaging contributed to maintaining the sector's profitability for the quarter. "The Retail Services and Printing Sector posted a 6.1% increase in adjusted operating earnings before depreciation and amortization for the quarter. The impact of the labour conflict at Canada Post was more than offset by the actions taken to improve our cost structure and mitigate the effects of that conflict, a more favourable product mix, including the roll-out of raddar™, as well as an increase in book printing and specialized solutions activities."

Members of the printing, publishing and paper-producing industries, which employ more than 600,000 workers, are announcing the formation of Stop Tariffs on Printers & Publishers (STOPP), a coalition to fight proposed countervailing duties (CVD) and anti-dumping duties (AD) on imports of Canadian uncoated groundwood papers, including newsprint and other papers. These preliminary duties, which were assessed by the Department of Commerce in January and March, respectively, are the result of a petition filed by one company, North Pacific Paper Co. (NORPAC), an outlier in the paper industry that is looking to use the U.S. government for its own financial gain. The STOPP coalition is concerned that these CVD and AD duties, which range up to 32 percent combined, will saddle U.S. printing and publishing businesses with increased costs and threaten thousands of American jobs. The Coalition is asking the International Trade Commission (ITC) and the U.S. Congress to reject these newsprint tariffs and protect U.S. jobs. With the announcement, STOPP has launched a new website: www.stopnewsprinttariffs.org and is inviting other interested parties to join in the fight to overturn these tariffs. Click Read More below for additional information.

Ricoh USA, Inc. announced that Kingery Printing Company, a Midwest family-owned and operated printing and mailing solutions company, installed the first RICOH Pro VC80000 continuous feed inkjet book printer in North America. The RICOH Pro VC80000 launched in November 2023 on the heels of the RICOH Pro Z75 cut-sheet inkjet press and is the newest addition to Ricoh's inkjet portfolio. Leveraging AI, the press enables commercial, book, and direct mail printers to experience a new standard for inkjet quality, productivity, and media flexibility to expand their competitive edge and profitability. Kingery Printing Company, founded in 1968, has grown to 200 team members with facilities located in Effingham and Mattoon, Illinois. Kingery serves publishers throughout the country in the book, catalog, and magazine market segments.