URBN Reports Record Q3 Sales and Earnings

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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